Document:

EX-4.9

 Exhibit 4.9 

WARRANT AGREEMENT 

dated as of September 6, 2016 

between 
 COMSTOCK
RESOURCES, INC. 
 and 

AMERICAN STOCK TRANSFER & TRUST COMPANY, LLC, 

as Warrant Agent 
  

 TABLE OF CONTENTS 

 

									
	 	 	 	 	 	  	Page	 
	 Article 1 Definitions
	  	 	1	  
				
		 	 Section 1.01
	 	 Certain Definitions
	  	 	1	  
		
	 Article 2 Issuance, Execution and Transfer of Warrants
	  	 	6	  
				
		 	 Section 2.01
	 	 Issuance and Delivery of Warrants
	  	 	6	  
		 	 Section 2.02
	 	 Execution and Authentication of Warrants
	  	 	6	  
		 	 Section 2.03
	 	 Registration, Transfer, Exchange and Substitution
	  	 	7	  
		 	 Section 2.04
	 	 Form of Global Warrant Certificates
	  	 	7	  
		 	 Section 2.05
	 	 Cancellation of the Global Warrant Certificates
	  	 	7	  
		
	 Article 3 Exercise and Settlement of Warrants
	  	 	8	  
				
		 	 Section 3.01
	 	 Exercise of Warrants
	  	 	8	  
		 	 Section 3.02
	 	 Procedure for Exercise
	  	 	8	  
		 	 Section 3.03
	 	 Settlement of Warrants
	  	 	9	  
		 	 Section 3.04
	 	 Delivery of Common Shares
	  	 	9	  
		 	 Section 3.05
	 	 No Fractional Common Shares or Warrants to Be Issued
	  	 	10	  
		 	 Section 3.06
	 	 Acquisition of Warrants by Company
	  	 	10	  
		 	 Section 3.07
	 	 Validity of Exercise
	  	 	10	  
		 	 Section 3.08
	 	 Certain Calculations
	  	 	10	  
		
	 Article 4 Adjustments
	  	 	11	  
				
		 	 Section 4.01
	 	 Adjustments to Exercise Price
	  	 	11	  
		 	 Section 4.02
	 	 Adjustments to Number of Warrants
	  	 	13	  
		 	 Section 4.03
	 	 Certain Distributions of Rights and Warrants
	  	 	13	  
		 	 Section 4.04
	 	 Stockholder Rights Plans
	  	 	13	  
		 	 Section 4.05
	 	 Restrictions on Adjustments
	  	 	14	  
		 	 Section 4.06
	 	 Successor upon Consolidation, Merger and Sale of Assets
	  	 	14	  
		 	 Section 4.07
	 	 Adjustment upon Reorganization Event
	  	 	15	  
		 	 Section 4.08
	 	 Common Shares Outstanding; Common Shares Reserved for Issuance on Exercise
	  	 	16	  
		 	 Section 4.09
	 	 Calculations; Instructions to Warrant Agent
	  	 	16	  
		 	 Section 4.10
	 	 Notice of Adjustments
	  	 	16	  
		 	 Section 4.11
	 	 Warrant Agent Not Responsible for Adjustments or Validity
	  	 	16	  
		 	 Section 4.12
	 	 Statements on Warrants
	  	 	17	  
		 	 Section 4.13
	 	 Effect of Adjustment
	  	 	17	  
		
	 Article 5 Other Provisions Relating to Rights of Global Warrant
Holder
	  	 	17	  
				
		 	 Section 5.01
	 	 No Rights as Stockholders
	  	 	17	  
		 	 Section 5.02
	 	 Mutilated or Missing Global Warrant Certificates
	  	 	17	  
		 	 Section 5.03
	 	 Modification, Waiver and Meetings
	  	 	17	  
		
	 Article 6 Concerning the Warrant Agent and Other Matters
	  	 	18	  
				
		 	 Section 6.01
	 	 Payment of Certain Taxes
	  	 	18	  
		 	 Section 6.02
	 	 Change of Warrant Agent
	  	 	18	  
		 	 Section 6.03
	 	 Compensation; Further Assurances
	  	 	20	  
		 	 Section 6.04
	 	 Reliance on Counsel
	  	 	20	  

  
 -i- 

									
	     
	 	 Section 6.05
	 	 Proof of Actions Taken
	  	 	20	  
		 	 Section 6.06
	 	 Correctness of Statements
	  	 	20	  
		 	 Section 6.07
	 	 Validity of Agreement
	  	 	20	  
		 	 Section 6.08
	 	 Use of Agents
	  	 	20	  
		 	 Section 6.09
	 	 Liability of Warrant Agent
	  	 	20	  
		 	 Section 6.10
	 	 Legal Proceedings
	  	 	21	  
		 	 Section 6.11
	 	 Actions as Agent
	  	 	21	  
		 	 Section 6.12
	 	 Appointment and Acceptance of Agency
	  	 	21	  
		 	 Section 6.13
	 	 Successors and Assigns
	  	 	21	  
		 	 Section 6.14
	 	 Notices
	  	 	21	  
		 	 Section 6.15
	 	 Applicable Law; Jurisdiction
	  	 	22	  
		 	 Section 6.16
	 	 Waiver of Jury Trial
	  	 	22	  
		 	 Section 6.17
	 	 Benefit of this Warrant Agreement
	  	 	22	  
		 	 Section 6.18
	 	 Registered Global Warrant Holder
	  	 	22	  
		 	 Section 6.19
	 	 Headings
	  	 	23	  
		 	 Section 6.20
	 	 Counterparts
	  	 	23	  
		 	 Section 6.21
	 	 Entire Agreement
	  	 	23	  
		 	 Section 6.22
	 	 Severability
	  	 	23	  
		 	 Section 6.23
	 	 Termination
	  	 	23	  
		 	 Section 6.24
	 	 Confidentiality
	  	 	23	  
		 	 Section 6.25
	 	 Force Majeure
	  	 	23	  

  
 -ii- 

 WARRANT AGREEMENT 

Warrant Agreement (as it may be amended from time to time, this “Warrant Agreement”), dated as of September
6, 2016, between Comstock Resources, Inc., a Nevada corporation (the “Company”), and American Stock Transfer & Trust Company, LLC, a New York State chartered limited purpose trust company (the “Warrant Agent”).

 WITNESSETH THAT: 

WHEREAS, pursuant to the terms and conditions of the Exchange Offer (as defined below), the holders of the Old Senior Secured
Notes (as defined in the Registration Statement) who tender such Old Senior Secured Notes in the Exchange Offer and that are accepted for exchange and not validly withdrawn are to be issued warrants (“Warrants”), exercisable until
the Expiration Date, to purchase up to an aggregate of one million nine hundred seventeen thousand three hundred forty-two (1,917,342) Common Shares (as defined below) at an exercise price of $0.01 per share, as the same may be adjusted pursuant to
Article 4 hereof (the “Exercise Price”); 
 WHEREAS, the Warrants have the terms and conditions set
forth in this Warrant Agreement (including the Exhibits hereto); 
 WHEREAS, the Company desires that the Warrant Agent act
on behalf of the Company, and the Warrant Agent is willing to so act, in connection with the issuance, exchange, Transfer (as defined below), substitution and exercise of Warrants; and 

WHEREAS, the Warrants and the underlying Common Shares have been registered under the Securities Act (as defined below)
pursuant to the Registration Statement. 
 NOW THEREFORE in consideration of the mutual agreements herein contained, the
Company and the Warrant Agent agree as follows: 
 Article 1 

Definitions 

Section 1.01 Certain Definitions. As used in this Warrant Agreement, the following terms shall have their respective meanings set forth
below: 
 “Affiliate” shall mean, with respect to any specified Person, any other Person that directly, or
indirectly through one or more intermediaries, controls, is controlled by, or is under common control with, such first specified Person. For the purposes of this definition, “control” when used with respect to any Person means the power to
direct the management and policies of such Person, directly or indirectly, whether through the ownership of voting securities, by contract or otherwise, and the terms “controlling” and “controlled” have meanings correlative to
the foregoing. 
 “Affiliated Buyer” means, with respect to an Asset Sale or tender offer, any Person (i)
who is an Affiliate of the Company, (ii) who is an officer, director, employee or member of the Company or any Affiliate of the Company, or (iii) a majority of which Person’s total outstanding equity, upon consummation of such transaction, is
held by Persons who are equityholders in the Company immediately prior to the consummation of such transaction. 

“Appropriate Officer” has the meaning set forth in Section 2.02(a). 

“Asset Sale” has the meaning set forth in Section 4.06(c). 

“Authentication Order” means a Company Order for authentication and delivery of Warrants. 

 “Beneficial Owner” means any Person beneficially owning an
interest in a Global Warrant, which interest is credited to the account of a direct participant in the Depository for the benefit of such Beneficial Owner through the book-entry system maintained by the Depositary (or its agent)). For the avoidance
of doubt, a Participant may also be a Beneficial Owner. 
 “Board” means the board of directors of the
Company or any committee of such board duly authorized to exercise the power of the board of directors with respect to the matters provided for in this Warrant Agreement as to which the board of directors is authorized or required to act. 

“Business Day” means any day other than (x) a Saturday or Sunday or (y) any day which is a legal holiday in
the State of New York or a day on which banking institutions and trust companies in the state in which the Warrant Agent is located are authorized or obligated by Law, regulation or executive order to close. 

“Cash” means such coin or currency of the United States as at any time of payment is legal tender for the
payment of public and private debts. 
 “Charter” means the restated articles of incorporation of the
Company, as amended or restated. 
 “Close of Business” means 5:00 p.m., New York City time. 

“Closing Date” means the closing date of the Exchange Offer. 

“Common Shares” means shares of the common stock, par value $0.50 per share, of the Company. 

“Company” has the meaning set forth in the preamble. 

“Company Order” means a written request or order signed in the name of the Company by any Appropriate Officer
or other duly authorized officer of the Company and delivered to the Warrant Agent. 
 “Convertible
Securities” means options, rights, warrants or other securities convertible into or exchangeable or exercisable for Common Shares (including the Warrants). 

“Depository” means The Depository Trust Company, its nominees, and their respective successors. 

“Exchange Act” means the Securities Exchange Act of 1934, as amended from time to time, and the related rules
and regulations promulgated thereunder. 
 “Exercise Date” has the meaning set forth in Section
3.02(b). 
 “Ex-Date” means with respect to a dividend or distribution to holders of the Common Shares,
the first date on which the Common Shares can be traded without the right to receive such dividend or distribution. 

“Exercise Notice” means, for any Warrant, an exercise notice substantially in the form set forth in
Exhibit B hereto. 
 “Exercise Price” has the meaning set forth in the Recitals.

 “Exchange Offer” has the meaning set forth in the Registration Statement. 

“Expiration Date” means, for any Warrant, the second anniversary of the Closing Date. 

“Fair Value,” as of a specified date, means the price per Common Share, other Securities or other distributed
property determined as follows: 

  
 -2- 

 (i) in the case of Common Shares or other Securities listed on the New York Stock
Exchange or the NASDAQ Stock Market, the VWAP of a Common Share or a single unit of such other Security for the 20 Trading Days ending on, but excluding, the specified date (or if the Common Shares or other Security has been listed for less than 20
Trading Days, the VWAP for such lesser period of time); 
 (ii) in the case of Common Shares or other Securities not listed
on the New York Stock Exchange or the NASDAQ Stock Market, the VWAP of a Common Share or a single unit of such other Security in composite trading for the principal U.S. national or regional securities exchange on which such securities are then
listed for the 20 Trading Days ending on, but excluding, the specified date (or if the Common Shares or other Security has been listed for less than 20 Trading Days, the VWAP for such lesser period of time); or 

(iii) in all other cases, the fair value per Common Share, other Securities or other distributed property as of a date not
earlier than 10 Business Days preceding the specified date as determined in good faith by the Board and, if the Board elects to engage the same, upon the advice of an independent investment banking, financial advisory or valuation firm or appraiser
selected by the Board (a “Representative”); provided, however, that 
 (iv) notwithstanding the foregoing,
if the Board determines in good faith that the application of clauses (i) or (ii) of this definition would result in a VWAP based on the trading prices of a thinly-traded Security such that the price resulting therefrom may not represent an accurate
measurement of the fair value of such Security, the Board at its election may apply the provisions of clause (iii) of this definition in lieu of the applicable clause (i) or (ii) with respect to the determination of the fair value of such Security.

 “Full Physical Settlement” means the settlement method pursuant to which an exercising Beneficial Owner
shall be entitled to receive from the Company, for each Warrant exercised, a number of Common Shares equal to the Full Physical Share Amount in exchange for payment by the Beneficial Owner of the Exercise Price. 

“Full Physical Share Amount” means, for each Warrant exercised as to which Full Physical Settlement is
applicable, one Common Share. 
 “Global Warrant” means a Warrant in the form of a Global Warrant
Certificate. 
 “Global Warrant Certificate” means any certificate representing Warrants satisfying the
requirements set forth in Section 2.04. 
 “Global Warrant Holder” means the Person acting as the
Depository or nominee of the Depository in whose name Warrants are registered in the Warrant Register. The initial Global Warrant Holder shall be Cede & Co., as the Depository’s nominee. 

“Law” means any federal, state, local, foreign or provincial law, statute, ordinance, rule, regulation,
judgment, order, injunction, decree or agency requirement having the force of law or any undertaking to or agreement with any governmental authority, including common law. 

“Net Share Amount” means for each Warrant exercised as to which Net Share Settlement is applicable, a
fraction of a Common Share equal to (i) the Fair Value (as of the Exercise Date for such Warrant) of one Common Share minus the Exercise Price therefor divided by (ii) such Fair Value. In no event shall the Company deliver a fractional Common Share
in connection with an exercise of Warrants as to which Net Share Settlement is applicable. 
 “Net Share
Settlement” means the settlement method pursuant to which an exercising Beneficial Owner shall be entitled to receive from the Company, for each Warrant exercised, a number of Common Shares equal to the Net Share Amount without any payment
of Cash therefor. 
 “New Convertible Notes” has the meaning set forth in the Registration Statement. 

  
 -3- 

 “Non-Affiliate Combination” means a Fundamental Equity Change
where (i) the acquirer is a true third party and not an Affiliate of the Company or any of its or its Affiliates’ officers, directors, employees or members and (ii) all of the equity held by equity holders of the Company (other than management)
is extinguished or replaced by equity in a different Person (other than a Fundamental Equity Change in which the equity interests in the Company are replaced in a merger or other corporate combination with equity in the surviving Person that
represents more than 50% of the total equity in the surviving Person). 
 “Number of Warrants” means the
“Number of Warrants” specified on the face of the Global Warrant Certificate, subject to adjustment pursuant to Article 4. 

“Offer Expiration Date” has the meaning set forth in Section 4.01(c). 

“Officer’s Certificate” means a certificate signed by any Appropriate Officer or other duly authorized
officer of the Company. 
 “Open of Business” means 9:00 a.m., New York City time. 

“Participant” means any direct participant of the Depository, the account of which is credited with a
beneficial interest in the Global Warrant for the benefit of a Beneficial Owner through the book-entry system maintained by the Depositary (or its agent). 

“Person” means an individual, partnership, firm, corporation, limited liability company, business trust,
joint stock company, trust, unincorporated association, joint venture, governmental authority or other entity of whatever nature. 

“Prospectus” means the Prospectus that is part of the Registration Statement. 

“Record Date” means, with respect to any dividend, distribution or other transaction or event in which the
holders of Common Shares have the right to receive any Cash, Securities or other property or in which Common Shares (or another applicable Security) are exchanged for or converted into, or any combination of, Cash, Securities or other property, the
date fixed for determination of holders of Common Shares entitled to receive such Cash, Securities or other property or participate in such exchange or conversion (whether such date is fixed by the Board or by statute, contract or otherwise). 

“Registration Statement” means the Company’s Registration Statement on Form S-4 filed with the
Securities and Exchange Commission on August 1, 2016, as such registration statement may be amended. 

“Reorganization Event” has the meaning set forth in Section 4.07(a). 

“Representative” has the meaning set forth in clause (iii) of the definition of Fair Value. 

“SEC” means the United States Securities and Exchange Commission, or any other federal agency at the time
administering the Securities Act or the Exchange Act, whichever is the relevant statute for the particular purpose. 

“Securities” means (i) any capital stock (whether Common Shares or preferred stock, voting or non-voting),
partnership, membership or limited liability company interest or other equity or voting interest, (ii) any right, option, warrant or other security or evidence of indebtedness convertible into, or exercisable or exchangeable for, directly or
indirectly, any interest described in clause (i), (iii) any notes, bonds, debentures, trust receipts and other obligations, instruments or evidences of indebtedness, and (iv) any other “securities,” as such term is defined or
determined under the Securities Act. 
 “Securities Act” means the Securities Act of 1933, as amended from
time to time, and the related rules and regulations promulgated thereunder. 

  
 -4- 

 “Settlement Date” means, in respect of a Warrant that is
exercised hereunder, the third Business Day immediately following the Exercise Date for such Warrant. 

“Subsidiary” means, as to any Person, any corporation, partnership, limited liability company or other
organization, whether incorporated or unincorporated, of which at least a majority of the securities or other interests having by their terms voting power to elect a majority of the Board or others performing similar functions with respect to such
corporation or other organization is directly or indirectly beneficially owned or controlled by such party or by any one or more of its subsidiaries, or by such party and one or more of its subsidiaries. 

“Tendering Holders” means those holders of Old Senior Secured Notes that validly tender such Old Senior
Secured Notes in the Exchange Offer and that are accepted and not validly withdrawn for exchange. 
 “Trading
Day” means each Monday, Tuesday, Wednesday, Thursday and Friday, other than any day on which Securities are not traded on the applicable securities exchange. 

“Transfer” means, with respect to any Warrant, to directly or indirectly (whether by act, omission or
operation of law), sell, exchange, transfer, hypothecate, negotiate, gift, convey in trust, pledge, assign, encumber, or otherwise dispose of, or by adjudication of a Person as bankrupt, by assignment for the benefit of creditors, by attachment,
levy or other seizure by any creditor (whether or not pursuant to judicial process), or by passage or distribution of Warrants under judicial order or legal process, carry out or permit the transfer or other disposition of, all or any portion of
such Warrant. 
 “Transferee” means a Person to whom any Warrant (or interest in the Global Warrant) is
Transferred. 
 “Trigger Event” has the meaning set forth in Section 4.03(a). 

“Unit of Reference Property” has the meaning set forth in Section 4.07(a). 

“VWAP” means, for any Trading Day, the price for Securities (including Common Shares) determined by the daily
volume weighted average price per unit of such Securities for such Trading Day on the trading market on which such Securities are then listed or quoted, in each case, for the regular trading session (including any extensions thereof, without regard
to pre-open or after hours trading outside of such regular trading session) as reported on the New York Stock Exchange or NASDAQ Stock Market, or if such Securities are not listed or quoted on the New York Stock Exchange or NASDAQ Stock Market, as
reported by the principal U.S. national or regional securities exchange on which such Securities are then listed or quoted, whichever is applicable, as published by Bloomberg at 4:15 P.M., New York City time (or 15 minutes following the end of any
extension of the regular trading session), on such Trading Day, or if such volume weighted average price is unavailable or in manifest error, the price per unit of such Securities using a volume weighted average price method selected by an
independent nationally recognized investment bank or other qualified financial institution selected by the Board. 

“Warrant” means a warrant of the Company exercisable for a single Common Share as provided herein, and issued
pursuant to this Warrant Agreement with the terms, conditions and rights set forth in this Warrant Agreement. 

“Warrant Agent” has the meaning set forth in the preamble. 

“Warrant Agreement” has the meaning set forth in the preamble. 

“Warrant Register” has the meaning set forth in Section 2.03(a). 

  
 -5- 

 Article 2 

Issuance, Execution and Transfer of Warrants 

Section 2.01 Issuance and Delivery of Warrants. 

(a) On the Closing Date, the Company shall initially issue and execute one Global Warrant (in accordance with Section
2.02) evidencing an initial aggregate Number of Warrants equal to 1,917,342 (such Number of Warrants to be subject to adjustment from time to time as described herein) in accordance with the terms of this Warrant Agreement and the Exchange Offer
and deliver such Global Warrant to the Warrant Agent, for authentication, along with a duly executed Authentication Order. The Warrant Agent shall then Transfer such Global Warrant to the Global Warrant Holder for crediting to the accounts of the
applicable Participants for the benefit of the Tendering Holders pursuant to the procedures of the Depository on or after the Closing Date. The Global Warrant shall evidence one or more Warrants. Each Warrant evidenced thereby shall be exercisable
(upon payment of the Exercise Price and compliance with the procedures set forth in this Warrant Agreement) for one Common Share. On the Closing Date, the Warrant Agent shall, upon receipt of such Global Warrant and Authentication Order,
authenticate such Global Warrant in accordance with Section 2.02 and register such Global Warrant in the Warrant Register. The Global Warrant shall be dated as of the Closing Date and, subject to the terms hereof, shall evidence the only
Warrants issued or outstanding under this Warrant Agreement. The Global Warrant Certificate shall be deposited on or after the date hereof with the Warrant Agent. 

(b) All Warrants issued under this Warrant Agreement shall in all respects be equally and ratably entitled to the benefits
hereof, without preference, priority, or distinction on account of the actual time of the issuance and authentication or any other terms thereof. Each Warrant shall be, and shall remain, subject to the provisions of this Warrant Agreement until such
time as all of the Warrants evidenced thereby shall have been duly exercised or shall have expired or been canceled in accordance with the terms hereof. The Global Warrant Holder shall be bound by all of the terms and provisions of this Warrant
Agreement as fully and effectively as if the Global Warrant Holder had signed the same. 
 (c) Any Warrant that is forfeited
by a Beneficial Owner, or repurchased by the Company shall be deemed to be no longer outstanding for all purposes of this Warrant Agreement. 

Section 2.02 Execution and Authentication of Warrants. 

(a) Each Global Warrant Certificate shall be executed on behalf of the Company by the Chief Executive Officer, President, Chief
Financial Officer or Secretary (each, an “Appropriate Officer”) of the Company. The signature of any of the Appropriate Officers on a Global Warrant Certificate may be in the form of a facsimile or other electronically transmitted
signature (including, without limitation, electronic transmission in portable document format (.pdf)). 
 (b) Any Global
Warrant Certificate bearing the signatures of individuals, each of whom was, at the time he or she signed such Global Warrant Certificate or his or her facsimile signature was affixed to such Global Warrant Certificate, as the case may be, an
Appropriate Officer, shall bind the Company, notwithstanding that such individuals or any of them have ceased be such an Appropriate Officer prior to the authentication of such Global Warrant by the Warrant Agent or was not such an Appropriate
Officer at the date of such Global Warrant. 
 (c) No Global Warrant shall be entitled to any benefit under this Warrant
Agreement or be valid or obligatory for any purpose unless there appears on the applicable Global Warrant Certificate a certificate of authentication substantially in the form provided for herein executed by the Warrant Agent, and such signature
upon any Global Warrant Certificate shall be conclusive evidence, and the only evidence, that such Global Warrant has been duly authenticated and delivered hereunder. The signature of the Warrant Agent on any Global Warrant Certificate may be in the
form of a facsimile or other electronically transmitted signature (including, without limitation) electronic transmission in portable document format (.pdf)). 

  
 -6- 

 Section 2.03 Registration, Transfer, Exchange and Substitution. 

(a) The Company shall cause to be kept at the office of the Warrant Agent, and the Warrant Agent shall maintain, a register
(the “Warrant Register”) in which the Company shall provide for the registration of any Global Warrant and Transfers, exchanges or substitutions of any Global Warrant as provided herein. Any Global Warrant issued upon any
registration of Transfer or exchange of or substitution for any Global Warrant shall be a valid obligation of the Company, evidencing the same obligations, and entitled to the same benefits under this Warrant Agreement, as any Global Warrant
surrendered for such registration of Transfer, exchange or substitution. 
 (b) Transfers of a Global Warrant shall be
limited to Transfers in whole, and not in part, to the Company, the Depository, their successors, and their respective nominees. A Global Warrant may be Transferred to such parties upon the delivery of a written instruction of Transfer in form
reasonably satisfactory to the Warrant Agent and the Company, duly executed by the Global Warrant Holder or by such Global Warrant Holder’s attorney, duly authorized in writing. No such Transfer shall be effected until, and the Transferee shall
succeed to the rights of the Global Warrant Holder only upon, final acceptance and registration of the Transfer in the Warrant Register by the Warrant Agent. Prior to the registration of any Transfer of a Global Warrant by the Global Warrant Holder
as provided herein, the Company, the Warrant Agent, and any agent of the Company or the Warrant Agent may treat the Person in whose name such Global Warrant is registered as the owner thereof for all purposes, notwithstanding any notice to the
contrary. To permit a registration of a Transfer of a Global Warrant, the Company shall execute a Global Warrant Certificate at the Warrant Agent’s request and the Warrant Agent shall authenticate such Global Warrant Certificates. Any such
Global Warrant Certificate shall be deposited on or after the date hereof with the Warrant Agent. No service charge shall be made for any such registration of Transfer. A party requesting transfer of a Global Warrant must provide any evidence of
authority that may be required by the Warrant Agent, including but not limited to, a signature guarantee from an eligible guarantor institution participating in a signature guarantee program approved by the Securities Transfer Association, Inc. 

(c) Interests of Beneficial Owners in a Global Warrant registered in the name of the Depository or its nominee shall only be
Transferred in accordance with the procedures of the Depository, the applicable Participant and applicable Law. 
 (d) So
long as any Global Warrant is registered in the name of the Depository or its nominee, the Beneficial Owners shall have no rights under this Warrant Agreement with respect to such Global Warrant held on their behalf by the Depository, and the
Depository may be treated by the Company, the Warrant Agent and any agent of the Company or the Warrant Agent as the absolute owner of such Global Warrant for all purposes. Accordingly, any such Beneficial Owner’s interest in such Global
Warrant will be shown only on, and the Transfer of such interest shall be effected only through, records maintained by the Depository or its nominee or the applicable Participant, and neither the Company nor the Warrant Agent shall have any
responsibility or liability with respect to such records maintained by the Depository or its nominee or the applicable Participant. Notwithstanding the foregoing, nothing herein shall prevent the Company, the Warrant Agent or any agent of the
Company or the Warrant Agent from giving effect to any written certification, proxy or other authorization furnished by the Depository or impair the operation of customary practices of the Depository or Participants governing the exercise of the
rights of a Beneficial Owner. 
 Section 2.04 Form of Global Warrant Certificates. Each Global Warrant Certificate shall be in
substantially the form set forth in Exhibit A hereto and shall have such insertions as are appropriate or required by this Warrant Agreement and may have such letters, numbers or other marks of identification and such legends and
endorsements, stamped, printed, lithographed or engraved thereon, as the Company may deem appropriate and as are not inconsistent with the provisions of this Warrant Agreement, such as may be required to comply with this Warrant Agreement, any Law
or any rule of any securities exchange on which Warrants may be listed, and such as may be necessary to conform to customary usage. 

Section 2.05 Cancellation of the Global Warrant Certificates. Any Global Warrant Certificate shall be promptly cancelled by the
Warrant Agent upon the earlier of (i) the Expiration Date, (ii) the mutilation of the Global Warrant Certificate as described in Section 5.02, or (iii) registration of Transfer or exercise of all Warrants represented thereby and, except as
provided in this Article 2 in case of a Transfer or Section 5.02 in case of mutilation, no Global Warrant Certificate shall be issued hereunder in lieu thereof. 

  
 -7- 

 Article 3 

Exercise and Settlement of Warrants 

Section 3.01 Exercise of Warrants. At any time prior to Close of Business on the Expiration Date, each Warrant may be exercised, in
accordance with this Article 3. Any Warrants not exercised prior to the Expiration Date shall expire unexercised and all rights thereunder and all rights in respect thereof under this Warrant Agreement shall cease as of the Close of Business
on the Expiration Date. Only whole Warrants may be exercised. 
 Section 3.02 Procedure for Exercise. 

(a) To exercise each Warrant, a Beneficial Owner must arrange for (i) the delivery of the Exercise Notice duly completed and
executed by its applicable Participant to the principal office of the Warrant Agent and the Company, (ii) if Full Physical Settlement is elected, payment to the Warrant Agent in an amount equal to the Exercise Price for each Warrant to be exercised
together with all applicable taxes and charges thereto, (iii) delivery of each Warrant to be exercised through the facilities of the Depository and (iv) compliance with all other procedures established by the Depository, the applicable Participant
and the Warrant Agent for the exercise of Warrants. 
 (b) The date on which all the requirements for exercise set forth in
this Section 3.02 in respect of a Warrant are satisfied is the “Exercise Date” for such Warrant. 

(c) Subject to Section 3.02(e), any exercise of a Warrant pursuant to the terms of this Warrant Agreement shall be
irrevocable and enforceable in accordance with its terms. 
 (d) All funds received by the Warrant Agent under this Agreement
that are to be distributed or applied by the Warrant Agent in the performance of services in accordance with this Agreement (the “Funds”) shall be held by the Warrant Agent as agent for the Company and deposited in one or more bank
accounts to be maintained by the Warrant Agent in its name as agent for the Company (the “Funds Account”). Until paid pursuant to the terms of this Agreement, the Warrant Agent will hold the Funds through the Funds Account in:
deposit accounts of commercial banks with Tier 1 capital exceeding $1 billion or with an average rating above investment grade by S&P (LT Local Issuer Credit Rating), Moody’s (Long Term Rating) and Fitch Ratings, Inc. (LT Issuer Default
Rating) (each as reported by Bloomberg Finance L.P. The Warrant Agent shall have no responsibility or liability for any diminution of the Funds that may result from any deposit made by the Warrant Agent in accordance with this paragraph, including
any losses resulting from a default by any bank, financial institution or other third party. The Warrant Agent may from time to time receive interest, dividends or other earnings in connection with such deposits. The Warrant Agent shall not be
obligated to pay such interest, dividends or earnings to the Company, any Beneficial Owner or any other party. 
 (e) The
Company shall assist and cooperate with any Beneficial Owner required to make any governmental filings or obtain any governmental approvals prior to or in connection with any exercise of a Warrant (including, without limitation, making any filings
required to be made by the Company), and any exercise of a Warrant may be made contingent upon the making of any such filing and the receipt of any such approval. 

(f) The Warrant Agent shall forward funds received for warrant exercises in a given month by the fifth Business Day of the
following month by wire transfer to an account designated by the Company. 
 (g) Payment of the Exercise Price by or on
behalf of a Beneficial Owner upon exercise of Warrants, in the case of Full Physical Settlement, shall be by federal wire or other immediately available funds payable to the order of the Company to the account maintained by the Warrant Agent in its
name as agent for the Company. The Warrant Agent shall provide an exercising Beneficial Owner, upon request, with the appropriate payment instructions. 

(h) The Company hereby instructs the Warrant Agent to record tax basis for newly issued Common Shares as follows: the tax basis
of each newly issued Common Share equals the tax basis of the exercised Warrant plus the Exercise Price. The Company shall provide the tax basis of the Warrants no later than 90 days after the Closing Date. 

  
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 Section 3.03 Settlement of Warrants. 

(a) Full Physical Settlement shall apply to each Warrant unless the Beneficial Owner elects for Net Share Settlement to apply
upon exercise of such Warrant. Such election shall be made in the Exercise Notice for such Warrant. 
 (b) If Full Physical
Settlement applies to the exercise of a Warrant, upon the proper and valid exercise thereof by a Beneficial Owner the Company shall cause to be delivered to the exercising Beneficial Owner the Fully Physical Settlement Amount. 

(c) If Net Share Settlement applies to the exercise of a Warrant, upon the proper and valid exercise thereof by a Beneficial
Owner the Company shall cause to be delivered to the exercising Beneficial Owner the Net Share Amount. To the extent a Beneficial Owner elects a Net Share Settlement, the Company shall have sole responsibility for calculating the Net Share Amount.
The Company shall provide the Net Share Amount calculation to the Warrant Agent. 
 (d) If there is a dispute as to the
determination of the Exercise Price or the calculation of the number of Common Shares to be delivered to an exercising Beneficial Owner, the Company shall cause to be promptly delivered to the number of Common Shares that is not in dispute. 

Section 3.04 Delivery of Common Shares. 

(a) In connection with the exercise of Warrants, the Warrant Agent shall: 

(1) examine all Exercise Notices and all other documents delivered to it to ascertain whether, on their face, such Exercise
Notices and any such other documents have been executed and completed in accordance with their terms; 
 (2) where an
Exercise Notice or other document appears on its face to have been improperly completed or executed or some other irregularity in connection with the exercise of the Warrant exists, endeavor to inform the appropriate parties (including the Person
submitting such instrument) of the need for fulfillment of all requirements, specifying those requirements which appear to be unfulfilled; 

(3) inform the Company of and cooperate with and assist the Company in resolving any reconciliation problems between the
Exercise Notices received and delivery of Warrants to the Warrant Agent’s account; 
 (4) advise the Company with
respect to an exercise, no later than two Business Days following the satisfaction of each of the applicable procedures for exercise set forth in Section 3.02(a), of (v) the receipt of such Exercise Notice and the number of Warrants exercised
in accordance with the terms and conditions of this Warrant Agreement, (w) the number of Common Shares; (x) the instructions with respect to issuance of the Common Shares, subject to the timely receipt from the Depository of the necessary
information, (y) the number of Persons who will become holders of record of the Company (who were not previously holders of record) as a result of receiving Common Shares upon exercise of the Warrants and (z) such other information as the Company
shall reasonably require; 
 (5) promptly deposit in the Funds Account all Funds received in payment of the Exercise Price
in connection with Full Physical Settlement of Warrants; 
 (6) promptly cancel and destroy a Global Warrant Certificate if
all Warrants represented thereby have been exercised in full and deliver a certificate of destruction to the Company, unless the Company shall otherwise direct in writing; 

  
 -9- 

 (7) if all Warrants represented by a Global Warrant Certificate shall not have
been exercised in full, note and authenticate such decrease in the Number of Warrants on Schedule A of such Global Warrant Certificate; and 

(8) provide to the Company, upon the Company’s request, the number of Warrants previously exercised, the number of Common
Shares issued in connection with such exercises and the number of remaining outstanding Warrants. 
 (b) With respect to each
properly exercised Warrant in accordance with this Warrant Agreement, the Company shall cause its transfer agent to issue, in book-entry form at the transfer agent or through the Depositary, the Common Shares due in connection with such exercise for
the benefit and in the name of the Person designated by the Beneficial Owner submitting the applicable Exercise Notice. The Person on whose behalf and in whose name any Common Shares are registered shall for all purposes be deemed to have become the
holder of record of such Common Shares as of the Close of Business on the applicable Exercise Date. 
 (c) Promptly after the
Warrant Agent shall have taken the action required by this Section 3.04 (or at such later time as may be mutually agreeable to the Company and the Warrant Agent), the Warrant Agent shall account to the Company with respect to the consummation
of any exercise of any Warrants including, without limitation, with respect to any Exercise Price paid to the Warrant Agent. 
 Section 3.05
No Fractional Common Shares or Warrants to Be Issued. 
 (a) Notwithstanding anything to the contrary in this Warrant
Agreement, the Company shall not be required to issue any fraction of a Warrant or of a Common Share upon exercise of any Warrants. 

(b) If any fraction of a Common Share would, except for the provisions of this Section 3.05, be issuable on the exercise
of any Warrants, the number of Common Shares to be issued shall be rounded up to the nearest whole number of Common Shares. All Warrants exercised by a Beneficial Owner on the same Exercise Date shall be aggregated for purposes of determining the
number of Common Shares to be delivered pursuant to Section 3.04(b). 
 (c) If any fraction of a
Warrant would, except for the provisions of this Section 3.05, be issuable under the Exchange Offer, the number of Warrants to be issued shall be rounded up to the nearest whole number of Warrants. 

Section 3.06 Acquisition of Warrants by Company. The Company shall have the right, except as limited by Law, to purchase or otherwise
to acquire one or more Warrants at such times, in such manner and for such consideration as it may deem appropriate. 
 Section 3.07
Validity of Exercise. All questions as to the validity, form and sufficiency (including time of receipt) of a Warrant exercise shall be determined by the Company, which determination shall be final and binding with respect to the Warrant
Agent. The Warrant Agent shall incur no liability for or in respect of and, except to the extent such liability arises from the Warrant Agent’s gross negligence, willful misconduct or bad faith (as determined by a court of competent
jurisdiction in a final non-appealable judgment), the Warrant Agent, its employees, offices, directors and affiliates shall be indemnified and held harmless by the Company for acting or refraining from acting upon, or as a result of such
determination by the Company. The Company reserves the absolute right to waive any of the conditions to the exercise of Warrants or defects in Exercise Notices with regard to any particular exercise of Warrants. 

Section 3.08 Certain Calculations. 

(a) The Warrant Agent shall be responsible for performing all calculations required in connection with the exercise and
settlement of the Warrants as described in this Article 3. In connection therewith, the Warrant Agent shall provide prompt written notice to the Company, in accordance with Section 3.04(a)(4), of the number of Common Shares deliverable
upon exercise and settlement of Warrants. For the avoidance of doubt, the Warrant Agent shall not be responsible for performing the calculations set forth in Article 4. 

  
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 (b) The Warrant Agent shall not be accountable with respect to the validity or
value of any Common Shares that may at any time be issued or delivered upon the exercise of any Warrant, and it makes no representation with respect thereto. The Warrant Agent shall not be responsible, to the extent not arising from the Warrant
Agent’s gross negligence, willful misconduct or bad faith (as determined by a court of competent jurisdiction in a final non-appealable judgment), for any failure of the Company to issue, transfer or deliver any Common Shares or Units of
Reference Property, or to comply with any of the covenants of the Company contained in this Article 3. 
 Article 4 

Adjustments 

Section 4.01 Adjustments to Exercise Price. After the date on which the Warrants are first issued and while any Warrants remain
outstanding and unexpired, the Exercise Price shall be subject to adjustment (without duplication) upon the occurrence of any of the following events: 

(a) The issuance of Common Shares as a dividend or distribution to all holders of Common Shares, or a share split or share
combination (including a reverse split) or reclassification of the outstanding Common Shares, in which event the Exercise Price shall be adjusted based on the following formula: 

 
 

 
 where: 

 

					
	 E1
	  	 =
	  	 the Exercise Price in effect immediately after (i) the Open of Business on the Ex-Date in the case of a dividend or
distribution or (ii) the consummation of the transaction in the case of a subdivision, combination, split, reverse split or reclassification;

			
	 E0
	  	 =
	  	 the Exercise Price in effect immediately prior to (i) the Open of Business on the Ex-Date in the case of a dividend or
distribution or (ii) the consummation of the transaction in the case of a subdivision, combination, split, reverse split or reclassification;

			
	 N0
	  	 =
	  	 the number of Common Shares outstanding immediately prior to (i) the Open of Business on the Record Date in the case of a
dividend or distribution or (ii) the consummation of the transaction in the case of a subdivision, combination, split, reverse split or reclassification; and

			
	 N1
	  	 =
	  	 the number of Common Shares equal to (i) in the case of a dividend or distribution, the sum of the number of Common Shares
outstanding immediately prior to the Open of Business on the Record Date for such dividend or distribution plus the total number of Common Shares issued pursuant to such dividend or distribution or (ii) in the case of a subdivision, combination,
split, reverse split or reclassification, the number of Common Shares outstanding immediately after such subdivision, combination, split, reverse split or reclassification.

 Such adjustment shall become effective immediately after (i) the Open of Business on the Ex-Date in the
case of a dividend or distribution or (ii) the consummation of the transaction in the case of a subdivision, combination, split, reverse split or reclassification. If any dividend or distribution or subdivision, combination, split, reverse split or
reclassification of the type described in this Section 4.01(a) is declared or announced but not so paid or made, the Exercise Price shall again be adjusted to the Exercise Price that would then be in effect if such dividend or distribution or
subdivision, combination, split, reverse split or reclassification had not been declared or announced, as the case may be. 

  
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 (b) The issuance as a dividend or distribution to all holders of Common Shares of
evidences of indebtedness, Securities of the Company or any other Person (other than Common Shares), Cash or other property (excluding any dividend or distribution covered by Section 4.01(a)), in which event the Exercise Price will be
adjusted based on the following formula: 
  
 

 
 where: 

 

					
	 E1
	  	 =
	  	 the Exercise Price in effect immediately after the Open of Business on the Ex-Date for such dividend or
distribution;

			
	 E0
	  	 =
	  	 the Exercise Price in effect immediately prior to the Open of Business on the Ex-Date for such dividend or
distribution;

			
	 P
	  	 =
	  	 the Fair Value of a Common Share as of immediately prior to the Open of Business on the second Business Day preceding the
Ex-Date for such dividend or distribution; and

			
	 FMV
	  	 =
	  	 the Fair Value of the portion of such dividend or distribution applicable to one Common Share as of the Open of Business on
the date of such dividend or distribution.

 Such decrease shall become effective immediately after the Open of Business on the Ex-Date for such
dividend or distribution. In the event that such dividend or distribution is declared or announced but not so paid or made, the Exercise Price shall again be adjusted to be the Exercise Price which would then be in effect if such distribution had
not been declared or announced. 
 (c) If any single action would require adjustment of the Exercise Price pursuant to more
than one subsection of this Section 4.01, only one adjustment shall be made and such adjustment shall be the amount of adjustment that has the highest, relative to the rights and interests of the registered holders of the Warrants then
outstanding, absolute value. For the purpose of calculations pursuant to Section 4.01, the number of Common Shares outstanding shall be equal to the sum of (i) the number of Common Shares issued and outstanding and (ii) the number of Common
Shares issuable pursuant to the conversion or exercise of Convertible Securities that are outstanding, in each case on the applicable date of determination. 

(d) The Company may from time to time, to the extent permitted by Law, decrease the Exercise Price and/or increase the Number
of Warrants by any amount for any period of at least twenty days. In that case, the Company shall give the Global Warrant Holder and the Warrant Agent at least ten days’ prior written notice of such increase or decrease, and such notice shall
state the decreased Exercise Price and/or increased Number of Warrants and the period during which the decrease and/or increase will be in effect. The Company may make such decreases in the Exercise Price and/or increases in the Number of Warrants,
in addition to those set forth in this Article 4, as the Board deems advisable, including to avoid or diminish any income tax to holders of the Common Shares resulting from any dividend or distribution of stock (or rights to acquire stock) or
from any event treated as such for income tax purposes. 
 (e) Notwithstanding this Section 4.01 or any other
provision of this Warrant Agreement or the Warrants, if an Exercise Price adjustment becomes effective on any Ex-Date, and a Warrant has been exercised on or after such Ex-Date and on or prior to the related Record Date resulting in the Person
issued Common Shares being treated as the record holder of the Common Shares on or prior to the Record Date, then, notwithstanding the Exercise Price adjustment provisions in this Section 4.01, the Exercise Price adjustment relating to such
Ex-Date will not be made with respect to such Warrant. Instead, such Person will be treated as if it were the record owner of Common Shares on an un-adjusted basis and participate in the related dividend, distribution or other event giving rise to
such adjustment. 

  
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 Section 4.02 Adjustments to Number of Warrants. Concurrently with any adjustment to the
Exercise Price under Section 4.01, except to the extent pursuant to Section 4.01(e), the Number of Warrants will be adjusted such that the Number of Warrants in effect immediately following the effectiveness of such adjustment will be
equal to the Number of Warrants in effect immediately prior to such adjustment, multiplied by a fraction, (i) the numerator of which is the Exercise Price in effect immediately prior to such adjustment and (ii) the denominator of which is the
Exercise Price in effect immediately following such adjustment. 
 Section 4.03 Certain Distributions of Rights and Warrants. 

(a) Rights or warrants distributed by the Company to all holders of Common Shares entitling the holders thereof to subscribe
for or purchase the Company’s Securities (either initially or under certain circumstances), which rights or warrants, until the occurrence of a specified event or events (a “Trigger Event”): 

(1) are deemed to be transferred with such Common Shares; 

(2) are not exercisable; and 

(3) are also issued in respect of future issuances of Common Shares, 

shall be deemed not to have been distributed for purposes of Article 4 (and no adjustment to the Exercise Price or the Number of
Warrants under this Article 4 will be made) until the occurrence of the earliest Trigger Event, whereupon such rights and warrants shall be deemed to have been distributed and an appropriate adjustment (if any is required) to the Exercise
Price and the Number of Warrants shall be made under this Article 4 (subject in all respects to Section 4.04). 

(b) If any such right or warrant is subject to events, upon the occurrence of which such rights or warrants become exercisable
to purchase different securities, evidences of indebtedness or other assets, then the date of the occurrence of any and each such event shall be deemed to be the date of distribution and Record Date with respect to new rights or warrants with such
rights (subject in all respects to Section 4.04). 
 (c) In addition, except as set forth in Section 4.04, in the
event of any distribution (or deemed distribution) of rights or warrants, or any Trigger Event or other event (of the type described in Section 4.03(b)) with respect thereto that was counted for purposes of calculating a distribution amount
for which an adjustment to the Exercise Price and the Number of Warrants under Article 4 was made (including any adjustment contemplated in Section 4.04): 

(1) in the case of any such rights or warrants that shall all have been redeemed or repurchased without exercise by the
holders thereof, the Exercise Price and the Number of Warrants shall be readjusted upon such final redemption or repurchase to give effect to such distribution or Trigger Event, as the case may be, as though it were a distribution under Section
4.01(b), equal to the per share redemption or repurchase price received by a holder or holders of Common Shares with respect to such rights or warrants (assuming such holder had retained such rights or warrants), made to all holders of Common
Shares as of the date of such redemption or repurchase; and 
 (2) in the case of such rights or warrants that shall have
expired or been terminated without exercise by the holders thereof, the Exercise Price and the Number of Warrants shall be readjusted as if such rights and warrants had not been issued or distributed. 

Section 4.04 Stockholder Rights Plans. If the Company has a stockholder rights plan in effect with respect to the Common Shares, upon
exercise of a Warrant the holder shall be entitled to receive, in addition to the Common Shares, the rights under such stockholder rights plan, unless, prior to such exercise, such rights have separated from the Common Shares, in which case the
Exercise Price and the Number of Warrants shall be adjusted at the time of separation as if the Company had made a distribution to all holders of Common Shares as described in the first paragraph of Section 4.01(b), subject to readjustment in
the event of the expiration, termination or redemption of such rights. 

  
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 Section 4.05 Restrictions on Adjustments. 

(a) Except in accordance with Section 4.01, the Exercise Price and the Number of Warrants will not be adjusted for the
issuance of Common Shares or other Securities of the Company. 
 (b) For the avoidance of doubt, neither the Exercise Price
nor the Number of Warrants will be adjusted: 
 (1) upon the issuance of any Common Shares or other Securities or any
payments pursuant to any equity incentive plan of the Company; 
 (2) upon the issuance of any Common Shares upon conversion
of the New Convertible Notes; 
 (3) upon any issuance of any Common Shares (or Convertible Securities) pursuant to the
exercise of the Warrants; 
 (4) upon the issuance of Common Shares or other Securities of the Company in connection with a
business acquisition transaction (except to the extent otherwise expressly required by this Warrant Agreement). 
 (c) No
adjustment shall be made to the Exercise Price or the Number of Warrants for any of the transactions described in Section 4.01 if the Company makes provisions for participation in any such transaction with respect to Warrants without exercise
of such Warrants on the same basis as with respect to Common Shares with notice that the Board determines in good faith to be fair and appropriate. 

(d) No adjustment shall be made to the Exercise Price, nor will any corresponding adjustment be made to the Number of Warrants,
unless the adjustment would result in a change of at least 1% of the Exercise Price; provided, however, that any adjustment of less than 1% that was not made by reason of this Section 4.05(d) shall be carried forward and made as soon as such
adjustment, together with any other adjustments not previously made by reason of this Section 4.05(d), would result in a change of at least 1% in the aggregate. All calculations under this Article 4 shall be made to the nearest cent or
to the nearest 1/100th of a Common Share, as the case may be. 
 (e) If the Company takes a record of the holders of Common
Shares for the purpose of entitling them to receive a dividend or other distribution, and thereafter (and before the dividend or distribution has been paid or delivered to members) legally abandons its plan to pay or deliver such dividend or
distribution, then thereafter no adjustment to the Exercise Price or the Number of Warrants then in effect shall be required by reason of the taking of such record. 

Section 4.06 Successor upon Consolidation, Merger and Sale of Assets. 

(a) Other than with respect to a Non-Affiliate Combination, the Company may consolidate or merge with another Person (a
“Fundamental Equity Change”) only (i) if the Company is the surviving Person or (ii), if the Company is not the surviving Person, then: 

(i) the successor to the Company assumes all of the Company’s obligations under this Warrant Agreement and the Warrants;
and 
 (ii) the successor to the Company provides written notice of such assumption to the Warrant Agent promptly following
the Fundamental Equity Change. 
 (b) In the case of a Fundamental Equity Change other than a Non-Affiliate Combination, the
successor Person to the Company shall succeed to and be substituted for the Company with the same effect as if it had been named herein as the Company, and the Company shall thereupon be released from all obligations and covenants under this Warrant
Agreement and the Warrants. Such successor person shall provide in writing the Warrant Agent with such identifying corporate information as may be reasonably requested by the Warrant Agent. 

  
 -14- 

 
Such successor person thereafter may cause to be signed, and may issue any or all of, the Global Warrants issuable pursuant to this Warrant Agreement which theretofore shall not have been issued
by the Company; and, upon the order of such successor Person, instead of the Company, and subject to all the terms, conditions and limitations in this Warrant Agreement prescribed, the Warrant Agent shall authenticate and deliver, as applicable, any
Global Warrants that previously shall have been signed and delivered by the officers of the Company to the Warrant Agent for authentication, and any Warrants which such successor Person thereafter shall cause to be signed and delivered to the
Warrant Agent for such purpose. 
 (c) If the Company desires to sell, lease, convey or otherwise transfer in one transaction
or a series of related transactions all or substantially all of the consolidated assets of the Company and its Subsidiaries (an “Asset Sale”) to any Affiliated Buyer (such Asset Sale, an “Affiliated Asset Sale”),
the Company may only consummate such Affiliated Asset Sale if such Affiliated Buyer agrees (i) to enter into a warrant agreement in form and substance substantially similar to this Warrant Agreement and (ii) to issue warrants for equity in such
Affiliated Buyer (or a Person to which all or substantially all of the assets of the Company and its Subsidiaries acquired in such Asset Sale are transferred or conveyed) to the Global Warrant Holder on terms (including economic) and conditions
substantially similar to the Global Warrant (taking into account any Warrants that are exercised prior to the Expiration Date (taking into account the materiality of the transferred assets to the total assets and operations of the Affiliated Buyer,
taken as a whole), for crediting to the accounts of the applicable Participants for the benefit of the Beneficial Owners pursuant to the procedures of the Depository. 

Section 4.07 Adjustment upon Reorganization Event. 

(a) If there occurs any Fundamental Equity Change (other than a Non-Affiliate Combination) or any recapitalization,
reorganization, consolidation, reclassification, change in the outstanding Common Shares (other than changes resulting from a subdivision or combination to which Section 4.01(a) applies), statutory share exchange or other transaction (each
such event a “Reorganization Event”), in each case as a result of which the Common Shares would be converted into, changed into or exchanged for, stock, other securities, other property or assets (including Cash or any combination
thereof) (the “Reference Property”) while any Warrants remain outstanding and unexpired, then following the effective time of the Reorganization Event, shares of stock, other securities or other property or assets (including Cash or
any combination thereof) that a holder of one Common Share would have owned or been entitled to receive in connection with such Reorganization Event (such kind and amount of Reference Property per Common Share, a “Unit of Reference
Property”). In the event holders of Common Shares have the opportunity to elect the form of consideration to be received in a Reorganization Event, the type and amount of consideration into which the Warrants shall be exercisable from and
after the effective time of such Reorganization Event shall be deemed to be the weighted average of the types and amounts of consideration received by the holders of Common Shares in such Reorganization Event. The Company hereby agrees not to become
a party to any Reorganization Event unless its terms are consistent with this Section 4.07. 
 (b) At any time from,
and including, the effective time of a Reorganization Event: 
 (i) each Warrant shall be exercisable for a single Unit of
Reference Property instead of one Common Share; and 
 (ii) the Fair Value shall be calculated with respect to a Unit of
Reference Property. 
 (c) On or prior to the effective time of any Reorganization Event (other than a Non-Affiliate
Combination), the Company or the successor or purchasing Person, as the case may be, shall execute an amendment to this Warrant Agreement providing that the Warrants shall be exercisable for Units of Reference Property in accordance with the terms
of this Section 4.07. If the Reference Property in connection with any Reorganization Event includes shares of stock or other securities and assets of a Person other than the successor or purchasing Person, as the case may be, in such
Reorganization Event, then the Company shall cause such amendment to this Warrant Agreement to be executed by such other Person and such amendment shall contain such additional provisions to protect the interests of the Global Warrant Holder (for
the benefit of the Beneficial Owners) as the Board shall reasonably consider necessary by reason of the foregoing. Any such amendment to this Warrant Agreement shall provide for adjustments which shall be as nearly equivalent as may be practicable
to the adjustments provided for in this Article 4. In the event the Company shall execute an amendment to this Warrant 

  
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Agreement pursuant to this Section 4.07, the Company shall promptly file with the Warrant Agent an Officers’ Certificate briefly stating the reasons therefor, the kind or amount of
Cash, securities or property or assets that will comprise a Unit of Reference Property after the relevant Reorganization Event, any adjustment to be made with respect thereto and that all conditions precedent have been complied with. The Company
shall cause notice of the execution of the amendment to be mailed to the Global Warrant Holder within 20 Business Days after execution thereof. 

(d) The above provisions of this Section 4.07 shall similarly apply to successive Reorganization Events. 

(e) If this Section 4.07 applies to any event or occurrence, no other provision of this Article 4 shall apply to
such event or occurrence (other than Section 4.06). 
 Section 4.08 Common Shares Outstanding; Common Shares Reserved for Issuance
on Exercise. 
 (a) For the purposes of this Article 4, the number of Common Shares at any time outstanding shall
not include Common Shares held, directly or indirectly, by the Company or any of its Subsidiaries. 
 (b) The Board has
authorized and reserved for issuance such number of Common Shares as will be issuable upon the exercise of all outstanding Warrants for Common Shares. The Company covenants that all Common Shares that shall be so issuable shall be duly and validly
issued, fully paid and non-assessable. 
 (c) The Company agrees to authorize and direct its current and future transfer
agents for the Common Shares to reserve for issuance the number of Common Shares specified in this Section 4.08 and shall take all action required to increase the authorized number of Common Shares if at any time there shall be insufficient
authorized but unissued Common Shares to permit such reservation or to permit the exercise of a Warrant. Promptly after the Expiration Date, the Warrant Agent shall certify to the Company the aggregate Number of Warrants then outstanding, and
thereafter no Common Shares shall be required to be reserved in respect of such Warrants. 
 Section 4.09 Calculations; Instructions to
Warrant Agent. The Company shall be responsible for making all calculations called for under this Warrant Agreement for purposes of determining any adjustments to the Exercise Price and the Number of Warrants, including determinations as to
Fair Value, number of Common Shares to be issued upon exercise of any Warrants and the composition of Units of Reference Property. The Company shall make the foregoing calculations in good faith. Such calculations and determinations shall be final
and binding on the Global Warrant Holder and all Beneficial Owners absent manifest error. The Company shall provide a schedule of the Company’s calculations and determinations to the Warrant Agent, and the Warrant Agent is entitled to rely upon
the accuracy of the Company’s calculations without independent verification. 
 Section 4.10 Notice of Adjustments. The Company
shall mail, or cause to be mailed, to the Global Warrant Holder and the Warrant Agent, in accordance with Section 6.14, a notice of any adjustment or readjustment to the Exercise Price or the Number of Warrants no less than three Business
Days prior to the effective date of such adjustment or readjustment. The Company shall file with the Warrant Agent such notice and an Officer’s Certificate setting forth such adjustment or readjustment and kind and amount of securities, Cash or
other property for which a Warrant shall thereafter be exercisable and the Exercise Price, showing in reasonable detail the facts upon which such adjustment or readjustment is based. The Officer’s Certificate shall be conclusive evidence that
the adjustment or readjustment is correct, and the Warrant Agent shall not be deemed to have any knowledge of any adjustments or readjustments unless and until it has received such Officer’s Certificate. The Warrant Agent shall not be under any
duty or responsibility with respect to any such Officer’s Certificate except to exhibit the same to the Global Warrant Holder. 

Section 4.11 Warrant Agent Not Responsible for Adjustments or Validity. The Warrant Agent shall at no time be under any duty or
responsibility to determine whether any facts exist that may require an adjustment or readjustment of the Exercise Price and the Number of Warrants, or with respect to the nature or extent of any such adjustment or readjustment when made, or with
respect to the method employed, herein or in any supplemental agreement provided to be employed, in making the same. The Warrant Agent shall have no duty to verify or confirm 

  
 -16- 

 
any calculation called for hereunder. The Warrant Agent shall have no liability for any failure or delay in performing its duties hereunder caused by any failure or delay of the Company in
providing such calculations to the Warrant Agent. The Warrant Agent shall not be accountable with respect to the validity or value (or the kind or amount) of any Common Shares or of any Securities or property which may at any time be issued or
delivered upon the exercise of any Warrant or upon any adjustment or readjustment pursuant to this Article 4, and it makes no representation with respect thereto. The Warrant Agent shall not be responsible for any failure of the Company to
issue, transfer or deliver any Common Shares or stock certificates or other securities or property or scrip upon the surrender of any Warrant for the purpose of exercise or upon any adjustment pursuant to this Article 4, or
to comply with any of the covenants of the Company contained in this Article 4. 
 Section 4.12 Statements on Warrants. Other
than notation of any applicable increase or decrease in the Number of Warrants on Schedule A of such Global Warrant Certificate, the form of Global Warrant Certificate need not be changed because of any adjustment or readjustment made pursuant to
this Article 4, and Global Warrant Certificates issued after such adjustment or readjustment may state the same information (other than the adjusted Exercise Price and the adjusted Number of Warrants) as are stated in the Global Warrant
Certificates initially issued pursuant to this Warrant Agreement. 
 Section 4.13 Effect of Adjustment. The Depository and applicable
Participants shall effect any applicable adjustments, changes or payments to the Beneficial Owners with respect to beneficial interests in the Global Warrants resulting from any adjustments or readjustments, changes or payments effected pursuant to
this Article 4 in accordance with the procedures of the Depository and the applicable Participants. 
 Article 5 

Other Provisions Relating to Rights of Global Warrant Holder 

Section 5.01 No Rights as Stockholders. Nothing contained in this Warrant Agreement or in any Global Warrant Certificate shall be
construed as conferring upon any Person, by virtue of holding or having a beneficial interest in the Global Warrant, the right to vote, to consent, to receive any Cash dividends, stock dividends, allotments or rights or other distributions paid,
allotted or distributed or distributable to the holders of Common Shares, or to exercise any rights whatsoever as a stockholder of the Company unless, until and only to the extent such Persons become holders of record of Common Shares issued upon
settlement of Warrants. 
 Section 5.02 Mutilated or Missing Global Warrant Certificates. If any Global Warrant Certificate held by
the Warrant Agent at any time is mutilated, defaced, lost, destroyed or stolen, then on the terms set forth in this Warrant Agreement, such Global Warrant Certificate may be replaced with a new Global Warrant Certificate, of like date and tenor and
representing the same number of Warrants, at the cost of the Company at the office of the Warrant Agent subject to the replacement procedures of the Warrant Agent which shall include obtaining an open penalty surety bond satisfactory to the Warrant
Agent holding the Company and the Warrant Agent harmless. Any such new Global Warrant Certificate shall constitute an original contractual obligation of the Company, whether or not the allegedly lost, stolen, mutilated or destroyed Global Warrant
Certificate shall be at any time enforceable by anyone. All Global Warrant Certificates shall be issued upon the express condition that the foregoing provisions are exclusive with respect to the substitution for lost, stolen, mutilated or destroyed
Global Warrant Certificates, and shall preclude any and all other rights or remedies notwithstanding any Law or statute existing or hereafter enacted to the contrary with respect to the substitution for and replacement of negotiable instruments or
other securities without their surrender. 
 Section 5.03 Modification, Waiver and Meetings. 

(a) This Warrant Agreement may be modified or amended by the Company and the Warrant Agent, without the consent of the Global
Warrant Holder, any Beneficial Owner of any Warrant, or any applicable Participant with respect to any Warrant, for the purposes of curing any ambiguity or correcting or supplementing any defective provision contained in this Warrant Agreement or to
make any other provisions in regard to matters or questions arising in this Warrant Agreement which the Company and the Warrant Agent may deem necessary or desirable; provided that such modification or amendment does not adversely affect the
interests of the Global Warrant Holder or the Beneficial Owners in any respect. As a condition precedent to the Warrant Agent’s execution of any amendment, the Company shall deliver to the Warrant Agent a certificate from an Appropriate Officer
that states that the proposed amendment is in compliance with the terms of this Section 5.03. 

  
 -17- 

 (b) Modifications and amendments to this Warrant Agreement or to the terms and
conditions of Warrants not contemplated by Section 5.03(a) may also be made by the Company and the Warrant Agent, and noncompliance with any provision of the Warrant Agreement or Warrants may be waived, by the Global Warrant Holder (pursuant
to a proper vote or consent of a majority of the Warrants at the time outstanding). Notwithstanding anything to the contrary herein, the Company may amend Schedule I from time to time to accurately reflect the name and address of the Global Warrant
Holder after the Closing Date without any further consent or agreement from any other Person and shall deliver such amended Schedule I to the Warrant Agent promptly. 

(c) However, no such modification, amendment or waiver may, without the written consent of: 

(1) the Global Warrant Holder (pursuant to a proper vote or consent of each Warrant): 

(A) change the Expiration Date; or 

(B) increase the Exercise Price or decrease the Number of Warrants (except as set forth in Article 4); 

(2) the Global Warrant Holder (pursuant to a proper vote or consent of 66.66% of the Warrants affected): 

(A) impair the right to institute suit for the enforcement of any payment or delivery with respect to the
exercise and settlement of any Warrant; 
 (B) except as otherwise expressly permitted by provisions of this
Warrant Agreement concerning specified reclassifications or corporate reorganizations, impair or adversely affect the exercise rights with respect to Warrants, including any change to the calculation or payment of the number of Common Shares
received upon exercise of each Warrant; 
 (C) reduce the percentage of Warrants outstanding necessary to
modify or amend this Warrant Agreement or to waive any past default; or 
 (D) reduce the percentage in
Warrants outstanding required for any other waiver under this Warrant Agreement. 
 Article 6 

Concerning the Warrant Agent and Other Matters 

Section 6.01 Payment of Certain Taxes. 

(a) The Company shall pay any and all documentary, stamp or similar issue or transfer taxes that may be payable upon the
initial issuance of the Global Warrant hereunder and delivery to the Global Warrant Holder. 
 (b) The Company shall pay any
and all documentary, stamp or similar issue or transfer taxes that may be payable upon the issuance of Common Shares upon the exercise of Warrants hereunder. 

Section 6.02 Change of Warrant Agent. 

(a) The Warrant Agent, or any successor to it hereafter appointed, may resign its duties and be discharged from all further
duties and liabilities hereunder after giving sixty days’ notice in writing to the Company, except that such shorter notice may be given as the Company shall, in writing, accept as sufficient. If the office of

  
 -18- 

 
the Warrant Agent becomes vacant by resignation or incapacity to act or otherwise, the Company shall appoint in writing a successor warrant agent in place of the Warrant Agent. If the Company
shall fail to make such appointment within a period of thirty days after it has been notified in writing of such resignation or incapacity by the resigning or incapacitated warrant agent or by the Global Warrant Holder, then the Global Warrant
Holder may apply to any court of competent jurisdiction for the appointment of a successor warrant agent. 
 (b) The Warrant
Agent may be removed by the Company at any time upon sixty days’ written notice to the Warrant Agent; provided, however, that the Company shall not remove the Warrant Agent until a successor warrant agent meeting the qualifications hereof shall
have been appointed; provided, further, that, until such successor warrant agent has been appointed, the Company shall compensate the Warrant Agent in accordance with Section 6.03. 

(c) Any successor warrant agent, whether appointed by the Company or by such a court, shall be a corporation or banking
association organized, in good standing and doing business under the Laws of the United States of America or any state thereof or the District of Columbia, and authorized under such Laws to exercise corporate trust powers and subject to supervision
or examination by federal or state authority and having a combined capital and surplus of not less than $50,000,000. The combined capital and surplus of any such successor warrant agent shall be deemed to be the combined capital and surplus as set
forth in the most recent report of its condition published prior to its appointment; provided that such reports are published at least annually pursuant to Law or to the requirements of a federal or state supervising or examining authority. After
acceptance in writing of such appointment by the successor warrant agent, such successor warrant agent shall be vested with all the authority, powers, rights, immunities, duties and obligations of its predecessor warrant agent with like effect as if
originally named as warrant agent hereunder, without any further act or deed; but if for any reason it becomes necessary or appropriate, the predecessor warrant agent shall execute and deliver, at the expense of the Company, an instrument
transferring to such successor warrant agent all the authority, powers and rights of such predecessor warrant agent hereunder; and upon request of any successor warrant agent, the Company shall make, execute, acknowledge and deliver any and all
instruments in writing to more fully and effectually vest in and conform to such successor warrant agent all such authority, powers, rights, immunities, duties and obligations. Upon assumption by a successor warrant agent of the duties and
responsibilities hereunder, the predecessor warrant agent shall deliver and transfer, at the expense of the Company, to the successor warrant agent any property at the time held by it hereunder. As soon as practicable after such appointment, the
Company shall give notice thereof to the predecessor warrant agent, the Global Warrant Holder and each transfer agent for its Common Shares. Failure to give such notice, or any defect therein, shall not affect the validity of the appointment of the
successor warrant agent. 
 (d) Any entity into which the Warrant Agent may be merged or converted or with which it may be
consolidated, or any corporation resulting from any merger, conversion or consolidation to which the Warrant Agent shall be a party, or any Person succeeding to all or substantially all of the corporate trust or agency business of the Warrant Agent,
shall be the successor warrant agent under this Warrant Agreement without the execution or filing of any paper or any further act on the part of any of the parties hereto; provided that such entity would be eligible for appointment as a successor
warrant agent under Section 6.02(c). In case at the time such successor to the Warrant Agent shall succeed to the agency created by this Warrant Agreement, any Global Warrant Certificate shall have been countersigned but not delivered, any
such successor to the Warrant Agent may adopt the countersignature of the original Warrant Agent and deliver such Global Warrant Certificate so countersigned, and in case at that time any Global Warrant Certificates shall not have been
countersigned, any successor to the Warrant Agent may countersign such Global Warrant Certificate either in the name of the predecessor Warrant Agent or in the name of the successor Warrant Agent; and in all such cases such Global Warrant
Certificate shall have the full force provided in the Global Warrant Certificate and in this Warrant Agreement. 
 (e) In
case at any time the name of the Warrant Agent shall be changed and at such time any Global Warrant Certificate shall have been countersigned but not delivered, the Warrant Agent may adopt the countersignatures under its prior name and deliver such
Global Warrant Certificate so countersigned; and in case at that time any Global Warrant Certificate shall not have been countersigned, the Warrant Agent may countersign such Global Warrant Certificate either in its prior name or in its changed
name; and in all such cases such Global Warrant Certificate shall have the full force provided in the Global Warrant Certificate and in this Warrant Agreement. 

  
 -19- 

 Section 6.03 Compensation; Further Assurances. The Company agrees that it will (a) pay the
Warrant Agent reasonable compensation for its services as Warrant Agent in accordance with Exhibit C attached hereto and, except as otherwise expressly provided, will pay or reimburse the Warrant Agent upon written demand for all reasonable
and documented expenses, disbursements and advances incurred or made by the Warrant Agent in accordance with any of the provisions of this Warrant Agreement (including the reasonable compensation, expenses and disbursements of its agents and counsel
incurred in connection with the execution and administration of this Agreement), and (b) perform, execute, acknowledge and deliver or cause to be performed, executed, acknowledged and delivered all such further and other acts, instruments and
assurances as may reasonably be required by the Warrant Agent for the carrying out or performing of the provisions of this Warrant Agreement. 

Section 6.04 Reliance on Counsel. The Warrant Agent may consult with legal counsel (who may be legal counsel for the Company), and the
written opinion of such counsel or any advice of legal counsel subsequently confirmed by a written opinion of such counsel shall be full and complete authorization and protection to the Warrant Agent as to any action taken or omitted by it in good
faith and in accordance with such written opinion or advice. 
 Section 6.05 Proof of Actions Taken. Whenever in the performance of
its duties under this Warrant Agreement the Warrant Agent shall deem it necessary or desirable that any matter be proved or established by the Company prior to taking or suffering or omitting any action hereunder, such matter (unless other evidence
in respect thereof be herein specifically prescribed) may, in the absence of bad faith on the part of the Warrant Agent, be deemed to be conclusively proved and established by an Officer’s Certificate delivered to the Warrant Agent; and such
Officer’s Certificate shall, in the absence of bad faith on the part of the Warrant Agent, be full warrant to the Warrant Agent for any action taken, suffered or omitted in good faith by it under the provisions of this Warrant Agreement in
reliance upon such Officer’s Certificate; but in its discretion the Warrant Agent may in lieu thereof accept other evidence of such fact or matter or may require such further or additional evidence as to it may seem reasonable. 

Section 6.06 Correctness of Statements. The Warrant Agent shall not be liable for or by reason of any of the statements of fact or
recitals contained in this Warrant Agreement or any Global Warrant Certificate (except its countersignature thereof) or be required to verify the same, and all such statements and recitals are and shall be deemed to have been made by the Company
only. 
 Section 6.07 Validity of Agreement. From time to time, the Warrant Agent may apply to any Appropriate Officer for
instruction and the Company shall provide the Warrant Agent with such instructions concerning the services to be provided hereunder. The Warrant Agent shall not be held to have notice of any change of authority of any Person, until receipt of notice
thereof from the Company. The Warrant Agent shall not be under any responsibility in respect of the validity of this Warrant Agreement or the execution and delivery hereof or in respect of the validity or execution of any Global Warrant Certificate
(except its countersignature thereof); nor shall it be responsible for any breach by the Company of any covenant or condition contained in this Warrant Agreement or in any Global Warrant Certificate; nor shall it by any act hereunder be deemed to
make any representation or warranty as to the authorization or reservation of any Common Shares to be issued pursuant to this Warrant Agreement or any Warrants or as to whether any Common Shares will, when issued, be validly issued and fully paid
and nonassessable. The Warrant Agent and its agents and subcontractors shall not be liable and shall be indemnified by the Company for any action taken or omitted by Warrant Agent in reliance upon any Company instructions except to the extent that
the Warrant Agent had actual knowledge of facts and circumstances that would render such reliance unreasonable. 
 Section 6.08 Use of
Agents. The Warrant Agent may execute and exercise any of the rights or powers hereby vested in it or perform any duty hereunder either itself or by or through its attorneys or agents provided that the Warrant Agent shall remain responsible for
the activities or omissions of any such agent or attorney and reasonable care has been exercised in the selection and in the continued employment of such attorney or agent. 

Section 6.09 Liability of Warrant Agent. The Warrant Agent shall incur no liability or responsibility to the Company or to any Global
Warrant Holder for any action taken or not taken (i) in reliance on any notice, resolution, waiver, consent, order, certificate, or other paper, document or instrument believed by it to be genuine and to have been signed, sent or presented by the
proper party or parties or (ii) in relation to its services under this Warrant Agreement, unless such liability arises out of or is attributable to the Warrant Agent’s gross negligence, material

  
 -20- 

 
breach of this Warrant Agreement, or willful misconduct or bad faith or material breach of any representation or warranty of the Warrant Agent hereunder. The Company agrees to indemnify the
Warrant Agent, its employees, officers, directors and affiliates (each, an “Indemnified Person”) and save any Indemnified Person harmless against any and all losses, expenses and liabilities, including judgments, costs and
reasonable counsel fees, for anything done or omitted in good faith by the Warrant Agent in the execution of this Warrant Agreement or otherwise arising in connection with this Warrant Agreement, except as a result of the Warrant Agent’s gross
negligence, material breach of this Warrant Agreement, willful misconduct or bad faith (as determined by a court of competent jurisdiction in a final non-appealable judgment) or material breach of any representation or warranty of the Warrant Agent
hereunder. The Warrant Agent shall be liable hereunder only for its gross negligence, material breach of this Warrant Agreement, willful misconduct or bad faith (as determined by a court of competent jurisdiction in a final non-appealable judgment)
or its material breach of any representation or warranty of the Warrant Agent hereunder. Notwithstanding anything contained herein to the contrary, the Warrant Agent’s aggregate liability during any term of this Agreement with respect to,
arising from, or arising in connection with this Agreement, or from all services provided or omitted to be provided under this Agreement, whether in contract, or in tort, or otherwise, is limited to, and shall not exceed, the amounts paid hereunder
by the Company to the Warrant Agent as fees and charges, but not including reimbursable expenses, during the twelve (12) months immediately preceding the event for which recovery from Warrant Agent is being sought. Neither party to this Agreement
shall be liable to the other party for any consequential, indirect, punitive, special or incidental damages under any provisions of this Agreement or for any consequential, indirect, punitive, special or incidental damages arising out of any act or
failure to act hereunder even if that party has been advised of or has foreseen the possibility of such damages. 
 Section 6.10 Legal
Proceedings. The Warrant Agent shall be under no obligation to institute any action, suit or legal proceeding or to take any other action likely to involve expense unless the Company, the Global Warrant Holder or any applicable Participant on
behalf of a Beneficial Owner shall furnish the Warrant Agent with reasonable indemnity for any costs and expenses which may be incurred, but this provision shall not affect the power of the Warrant Agent to take such action as the Warrant Agent may
consider proper, whether with or without any such security or indemnity. The Warrant Agent shall promptly notify the Company and the Global Warrant Holder in writing of any claim made or action, suit or proceeding instituted against it arising out
of or in connection with this Warrant Agreement. 
 Section 6.11 Actions as Agent. The Warrant Agent shall act hereunder solely as
agent and not in a ministerial or fiduciary capacity, and its duties shall be determined solely by the provisions hereof. The duties and obligations of the Warrant Agent shall be determined solely by the express provisions of the Warrant Agreement,
and the Warrant Agent shall not be liable except for the performance of such duties and obligations as are specifically set forth in the Warrant Agreement. No implied covenants or obligations shall be read into the Warrant Agreement against the
Warrant Agent. The Warrant Agent shall not be liable for anything that it may do or refrain from doing in good faith in connection with this Warrant Agreement except for its own gross negligence, willful misconduct or bad faith. 

Section 6.12 Appointment and Acceptance of Agency. The Company hereby appoints the Warrant Agent to act as agent for the Company in
accordance with the instructions set forth in this Warrant Agreement, and the Warrant Agent hereby accepts the agency established by this Warrant Agreement and agrees to perform the same upon the terms and conditions herein set forth or as the
Company and the Warrant Agent may hereafter agree. 
 Section 6.13 Successors and Assigns. All the covenants and provisions of this
Warrant Agreement by or for the benefit of the Company or the Warrant Agent shall bind and inure to the benefit of their respective successors and assigns hereunder. 

Section 6.14 Notices. Any notice or demand authorized by this Warrant Agreement to be given or made to the Company shall be
sufficiently given or made if sent by mail first-class, postage prepaid, addressed (until another address is filed in writing by the Company with the Warrant Agent), as follows: 

Comstock Resources, Inc. 

5300 Town & Country Blvd., Suite 500 

Frisco, TX 75034 

Attn: President 

  
 -21- 

 Facsimile: (972) 668-8812 

Email: rburns@comstockresources.com 

Any notice or demand authorized by this Warrant Agreement to be given or made to the Warrant Agent shall be sufficiently given
or made if sent by mail first-class, postage prepaid, addressed (until another address is filed in writing by the Warrant Agent with the Company), as follows: 

American Stock Transfer & Trust Company, LLC 

6201 15th Avenue 

Brooklyn, NY 11219 

Attention: Legal Department 

Email: legalteam@amstock.com 

Any notice or demand authorized by this Warrant Agreement to be given or made to the Global Warrant Holder shall be
sufficiently given or made if sent by first-class mail, postage prepaid to the last address of the Global Warrant Holder as it shall appear on the Warrant Register. 

Section 6.15 Applicable Law; Jurisdiction. The validity, interpretation and performance of this Warrant Agreement and of the Global
Warrant Certificates shall be governed in accordance with the Laws of the State of New York, without giving effect to the principles of conflicts of Laws thereof. The parties hereto irrevocably consent to the exclusive jurisdiction of the courts of
the State of New York and any federal court located in such state in connection with any action, suit or proceeding arising out of or relating to this Warrant Agreement. 

Section 6.16 Waiver of Jury Trial. EACH OF THE COMPANY AND THE WARRANT AGENT ACKNOWLEDGES AND AGREES THAT ANY CONTROVERSY WHICH MAY
ARISE UNDER THIS WARRANT AGREEMENT OR A WARRANT IS LIKELY TO INVOLVE COMPLICATED AND DIFFICULT ISSUES, AND THEREFORE EACH SUCH PERSON HEREBY IRREVOCABLY AND UNCONDITIONALLY WAIVES ANY RIGHT SUCH PERSON MAY HAVE TO A TRIAL BY JURY WITH RESPECT TO ANY
LITIGATION DIRECTLY OR INDIRECTLY ARISING OUT OF OR RELATING TO THIS WARRANT AGREEMENT OR A WARRANT. EACH OF THE COMPANY AND THE WARRANT AGENT CERTIFIES AND ACKNOWLEDGES THAT (a) NO REPRESENTATIVE, AGENT OR ATTORNEY OF THE OTHER PERSON HAS
REPRESENTED, EXPRESSLY OR OTHERWISE, THAT SUCH OTHER PERSON WOULD NOT, IN THE EVENT OF LITIGATION, SEEK TO ENFORCE THE FOREGOING WAIVER, (b) SUCH PERSON UNDERSTANDS AND HAS CONSIDERED THE IMPLICATIONS OF THIS WAIVER, (c) SUCH PERSON MAKES THIS
WAIVER VOLUNTARILY, AND (d) SUCH PERSON HAS BEEN INDUCED TO ENTER INTO THIS WARRANT AGREEMENT BY, AMONG OTHER THINGS, THE MUTUAL WAIVERS AND CERTIFICATIONS IN THIS SECTION. 

Section 6.17 Benefit of this Warrant Agreement. Nothing in this Warrant Agreement expressed and nothing that may be implied from any of
the provisions hereof is intended, or shall be construed, to confer upon, or give to, any Person or corporation other than the parties hereto and the Global Warrant Holder any right, remedy or claim under or by reason of this Warrant Agreement or of
any covenant, condition, stipulation, promise or agreement hereof, and all covenants, conditions, stipulations, promises and agreements in this Warrant Agreement contained shall be for the sole and exclusive benefit of the parties hereto and their
successors and of the Global Warrant Holder. 
 Section 6.18 Registered Global Warrant Holder. Prior to due presentment for
registration of Transfer, the Company and the Warrant Agent may deem and treat the Person in whose name any Warrants are registered in the Warrant Register as the absolute owner thereof for all purposes whatever (notwithstanding any notation of
ownership or other writing thereon made by anyone other than the Company or the Warrant Agent) and neither the Company nor the Warrant Agent shall be affected by any notice to the contrary or be bound to recognize any equitable or other claim to or
interest in any Warrants on the part of any other Person and shall not be liable for any registration of Transfer of Warrants that are registered or to be registered in the name of a fiduciary or the nominee of a fiduciary unless made with actual
knowledge that a fiduciary or nominee is committing a breach of trust in requesting such registration of Transfer or with such knowledge of such facts that its participation therein amounts to bad faith. 

  
 -22- 

 Section 6.19 Headings. The Article and Section headings herein are for convenience only
and are not a part of this Warrant Agreement and shall not affect the interpretation thereof. 
 Section 6.20 Counterparts. This
Warrant Agreement may be executed in any number of counterparts on separate counterparts, each of which so executed shall be deemed to be an original, but all such counterparts shall together constitute one and the same instrument. 

Section 6.21 Entire Agreement. This Warrant Agreement and the Global Warrant Certificate constitute the entire agreement of the
Company, the Warrant Agent and Global Warrant Holder with respect to the subject matter hereof and supersede all prior agreements and undertakings, both written and oral, among the Company, the Warrant Agent and the Global Warrant Holder with
respect to the subject matter hereof. 
 Section 6.22 Severability. Wherever possible, each provision of this Warrant Agreement shall
be interpreted in such manner as to be effective and valid under applicable Law, but if any provision of this Warrant Agreement 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 Warrant Agreement. 

Section 6.23 Termination. This Warrant Agreement shall terminate at the Expiration Date (or Close of Business on the Settlement Date
with respect to any Exercise Notice delivered prior to the Expiration Date). Notwithstanding the foregoing, this Warrant Agreement will terminate on such earlier date on which all outstanding Warrants have been exercised. All provisions regarding
indemnification, warranty, liability and limits thereon shall survive the termination or expiration of this Warrant Agreement. 
 Section
6.24 Confidentiality. The Warrant Agent and the Company agree that (a) inter alia, personal, non-public Global Warrant Holder and Beneficial Owner information which is exchanged or received pursuant to the negotiation or the carrying out of
this Agreement and (b) the fees for services set forth in the attached schedule shall remain confidential, and shall not be voluntarily disclosed to any other person, except disclosures pursuant to applicable securities Laws or otherwise as may be
required by Law, including, without limitation, pursuant to subpoenas from state or federal government authorities (e.g., in divorce and criminal actions). 

Section 6.25 Force Majeure. Notwithstanding anything to the contrary contained herein, the Warrant Agent will not be liable for any
delays or failures in performance resulting from acts beyond its control including, without limitation, acts of God, terrorist acts, shortage of supply, breakdowns or malfunctions, interruptions or malfunction of computer facilities, or loss of data
due to power failures or mechanical difficulties with information storage or retrieval systems, labor difficulties, war, or civil unrest. 

[signature page follows] 

  
 -23- 

 IN WITNESS WHEREOF, this Warrant Agreement has been duly executed by the parties
hereto as of the day and year first above written. 
  

			
	 COMSTOCK RESOURCES, INC.

		
	 By:
	 	 /s/ ROLAND O. BURNS

	 Name:
	 	 Roland O. Burns

	 Title:
	 	 President and Chief Financial Officer

	
	 AMERICAN STOCK TRANSFER & TRUST

COMPANY, LLC

		
	 By:
	 	 /s/ PAUL H. KIM

	 Name:
	 	 Paul H. Kim

	 Title:
	 	 Assistant General Counsel

 [SIGNATURE PAGE TO WARRANT AGREEMENT] 

 SCHEDULE A 

SCHEDULE OF INCREASES OR DECREASES IN WARRANTS 

The initial Number of Warrants is 1,917,342. In accordance with the Warrant Agreement dated as of September 6, 2016 among the
Company and American Stock Transfer & Trust Company, LLC, as Warrant Agent, the following increases or decreases in the Number of Warrants have been made: 
  

									
	 Date
	  	 Amount of increase in

Number of Warrants

evidenced by this Global

Warrant
	  	 Amount of decrease in

Number of Warrants

evidenced by this Global

Warrant
	  	 Number of Warrants

evidenced by this Global

Warrant following such

decrease or increase
	  	 Signature of authorized

signatory

  

  
 Schedule A 

 EXHIBIT A 

FORM OF GLOBAL WARRANT CERTIFICATE 
  

			
	 No. 001
	  	CUSIP NO. 205768 112

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

TRANSFER OF THIS GLOBAL WARRANT SHALL BE LIMITED TO TRANSFERS IN WHOLE, AND NOT IN PART, TO THE COMPANY, DTC, THEIR SUCCESSORS AND THEIR
RESPECTIVE NOMINEES. 
 Comstock Resources, Inc. 

September 6, 2016 
 NUMBER
OF WARRANTS: Initially, 1,917,342 Warrants, subject to adjustment as described in the Warrant Agreement dated as of September 6, 2016 between Comstock Resources, Inc. and American Stock Transfer & Trust Company, LLC, as Warrant Agent (as
supplemented or amended, the “Warrant Agreement”), each of which is exercisable for one Common Share. 
 EXERCISE PRICE:
Initially, $0.01 per Warrant, subject to adjustment as described in the Warrant Agreement. 
 FORM OF SETTLEMENT: 

Full Physical Settlement: If Full Physical Settlement is elected, the Company shall deliver, against payment of the Exercise Price, a
number of Common Shares equal to the number of Warrants exercised. 
 Net Share Settlement: If Net Share Settlement is elected, the
Company shall deliver, without any Cash payment therefor, a number of Common Shares equal to the quotient determined by dividing (i) the Fair Value (as of the Exercise Date) of the number of Common Shares deliverable pursuant to Full Physical
Settlement minus the Exercise Price that would be payable pursuant to Full Physical Settlement by (ii) the Fair Value determined pursuant to the above clause (i). 

DATES OF EXERCISE: At any time, and from time to time, prior to the Close of Business on the Expiration Date. The Global Warrant Holder shall
be entitled to exercise all Warrants then represented hereby and outstanding or any portion thereof. 
 EXPIRATION DATE: The second
anniversary of the Closing Date. 
 This Global Warrant Certificate certifies that: 

Cede & Co., or its registered assigns, is the Global Warrant Holder of the Number of Warrants (the “Warrants”) specified
above (such number subject to adjustment from time to time as described in the Warrant Agreement). 
 Reference is hereby made to the
further provisions of this Global Warrant Certificate set forth on the reverse hereof, and such further provisions shall for all purposes have the same effect as though fully set forth in this place. 

  
 Exhibit A-1 

 This Global Warrant Certificate shall not be valid unless authenticated by the Warrant Agent.

 In the event of any inconsistency between the Warrant Agreement and this Global Warrant Certificate, the Warrant Agreement shall govern.

 IN WITNESS WHEREOF, Comstock Resources, Inc. has caused this instrument to be duly executed as of the date first written
above. 
  

			
	 COMSTOCK RESOURCES, INC.

		
	 By:
	 	  

	 Name:

	 Title:

 Certificate of Authentication 

These are the Warrants referred to in the above-mentioned Warrant Agreement. 

Countersigned as of the date above written: 

AMERICAN STOCK TRANSFER & TRUST COMPANY, as Warrant Agent 
  

			
	             By:
	 	  

		 	 Authorized Officer

  
 Exhibit A-2 

 COMSTOCK RESOURCES, INC. 

The Warrants evidenced by this Global Warrant Certificate are part of a duly authorized issue of Warrants issued by the Company pursuant to
the Warrant Agreement, dated as of September 6, 2016 (as it may be amended or supplemented, the “Warrant Agreement”), between Comstock Resources, Inc. and American Stock Transfer & Trust Company, LLC, as Warrant Agent, and are
subject to the terms and provisions contained in the Warrant Agreement, to all of which terms and provisions the Global Warrant Holder consents by issuance of this Global Warrant Certificate. Without limiting the foregoing, all capitalized terms
used herein and not otherwise defined shall have the meanings set forth in the Warrant Agreement. 
 The Warrant Agreement and the terms of
the Warrants are subject to amendment as provided in the Warrant Agreement. 
 This Warrant Certificate shall be governed by, and
interpreted in accordance with, the Laws of the State of New York without regard to the conflicts of Laws principles thereof. 

  
 Exhibit A-1 

 FORM OF ASSIGNMENT 

FOR VALUE RECEIVED, the undersigned assigns and transfers the Warrant(s) represented by this Certificate to: 

 

                       
                                         
             
 Name, Address and Zip Code of Assignee 

and irrevocably appoints
                                        

             Name of Agent 

as its agent to transfer this Warrant Certificate on the books of the Warrant Agent. 

[Signature page follows] 

  
 Exhibit A-2 

 
			
	  

	 Name of Assignor

		
	 By:
	 	  

	 Name:

	 Title:

	
	 (Sign exactly as your name appears on this

Certificate)

 NOTICE: The signature(s) should be guaranteed by an eligible guarantor institution (banks, stockbrokers,
savings and loan associations and credit unions with membership in an approved signature guarantee medallion program), pursuant to S.E.C. Rule 17Ad-15. 

  
 Exhibit A-3 

 EXHIBIT B 

Form of Exercise Notice 

American Stock Transfer & Trust Company, LLC 

6201 15th Avenue 
 Brooklyn, NY
11219 
 Attention: Transfer Department 

Re: Warrant Agreement dated as of September 6, 2016 between Comstock Resources, Inc. (the “Company”) and American Stock
Transfer & Trust Company, LLC, as Warrant Agent (as it may be supplemented or amended, the “Warrant Agreement”) 
 The
undersigned hereby irrevocably elects to exercise the right, represented by the Global Warrant Certificate No. 001 held for its benefit through the book-entry facilities of The Depository Trust Company (the “Depository”), to
exercise          Warrants and receive the consideration deliverable in exchange therefor pursuant to the following settlement method (check one): 

Full Physical Settlement 

Net Sale Settlement 

If Full Physical Settlement is elected, the undersigned shall tender payment of the Exercise Price therefore in accordance with instructions
received from the Warrant Agent. 
 Please check below if this exercise is contingent upon a registered public offering or any Change of
Control in accordance with Section 3.02(e) of the Warrant Agreement. 
 [     ] This exercise is being made in
connection with a registered public offering or any other Change of Control; provided, that in the event that such transaction shall not be consummated, then this exercise shall be deemed revoked. 

THIS EXERCISE NOTICE MUST BE DELIVERED TO THE WARRANT AGENT, PRIOR TO CLOSE OF BUSINESS ON THE EXPIRATION DATE. THE WARRANT AGENT SHALL NOTIFY
YOU OF THE ADDRESS AND PHONE NUMBER WHERE YOU CAN CONTACT THE WARRANT AGENT AND TO WHICH WARRANT EXERCISE NOTICES ARE TO BE SUBMITTED. 

ALL CAPITALIZED TERMS USED HEREIN AND NOT OTHERWISE DEFINED SHALL HAVE THE MEANINGS SET FORTH IN THE WARRANT AGREEMENT. 

 

			
	 By:
	 	  

	 Authorized Signature

	 Address:

	 Telephone:

  
 Exhibit B 

 EXHIBIT C 

Fee Schedule 
 The Company
shall pay the Warrant Agent for performance of its services under this Agreement such compensation as shall be agreed in writing between the Company and the Warrant Agent. 

  
 Exhibit CEX-10.1

 Exhibit 10.1 

SECOND AMENDMENT TO CREDIT AGREEMENT 

This SECOND AMENDMENT TO CREDIT AGREEMENT (this “Amendment”) dated as of September 6, 2016 (the
“Amendment Effective Date”), is among COMSTOCK RESOURCES, INC. (the “Borrower”), the financial institutions party hereto as lenders, and BANK OF MONTREAL, as administrative agent for the Lenders (in such capacity,
together with its successors and assigns, the “Administrative Agent”). 
 PRELIMINARY STATEMENT 

A. The Borrower, the Administrative Agent, the Lenders and certain other parties have entered into that certain Credit
Agreement dated as of March 4, 2015 (as amended, restated, supplemented or otherwise modified from time to time prior to the date hereof, the “Credit Agreement”). 

B. Reference is made to that certain Subsidiary Guaranty by certain of the Borrower’s subsidiaries in favor of the
Administrative Agent dated as of March 13, 2015 (as amended, restated, supplemented or otherwise modified from time to time prior to the date hereof, the “Guaranty”). 

C. The Borrower has informed the Administrative Agent that it plans to incur secured Indebtedness in connection with the
exchange of (i) up to $700,000,000 in aggregate principal amount of its outstanding 2015 Senior Secured Notes for certain 10% Senior Secured Toggle Notes due 2020 issued by the Borrower, (ii) up to $288,516,000 in aggregate principal amount of
its outstanding 2011 Senior Notes for certain 7  1⁄4% Second Lien Convertible PIK Notes due 2019 issued by the Borrower and (iii) up to $174,607,000 in
aggregate principal amount of its outstanding 2012 Senior Notes for certain 9  1⁄2% Second Lien Convertible PIK Notes due 2020 issued by the Borrower, in each
case as more fully described in that certain Registration Statement on Form S-4 filed with the Securities and Exchange Commission on August 1, 2016, as amended (collectively, the “Notes Exchange Transaction”). 

D. The Borrower has requested that the Administrative Agent and the Lenders make certain amendments to the Credit Agreement
and the Guaranty with respect to the Notes Exchange Transaction and the Indebtedness outstanding after giving effect thereto and make certain other amendments as more particularly set forth herein. 

E. Subject to the terms and conditions of this Amendment, the Administrative Agent and the Lenders have entered into this
Amendment in order to effectuate such amendments and modifications to the Credit Agreement and the Guaranty, as set forth herein. 

NOW THEREFORE, in consideration of the foregoing and the mutual agreements set forth herein, the parties agree as follows:

 Section 1. Definitions. Unless otherwise defined in this Amendment, each capitalized term used in this
Amendment has the meaning assigned to such term in the Credit Agreement. 
  

 Section 2. Amendments to the Credit Agreement. Effective as of
the Amendment Effective Date, the Credit Agreement (including Schedule 7.10 thereto) is hereby amended to delete the stricken text (indicated textually in the same manner as the following example: stricken text) and to add the
double-underlined text (indicated textually in the same manner as the following example: double-underlined text) as set forth in the pages of the Credit Agreement attached as
Exhibit A hereto. 
 Section 3. Amendment to Guaranty. Effective as of the
Amendment Effective Date, the reference to the term “Intercreditor Agreement” in Section 5.7 of the Guaranty, shall be amended and restated to be a reference to “Intercreditor Agreements”. 

Section 4. Ratification. The Borrower hereby ratifies and confirms all of the Obligations under the Credit
Agreement (as amended hereby) and the other Loan Documents, and, in particular, affirms that the terms of the Security Documents secure, and will continue to secure, all Obligations, after giving effect to this Amendment.

Section 5. Effectiveness. This Amendment shall become effective on the Amendment Effective Date upon
satisfaction of all of the conditions set forth in this Section 5: 
 (a) The Administrative Agent shall have received duly
executed counterparts of this Amendment from the Borrower, the Administrative Agent and the Majority Lenders; 
 (b) The
Administrative Agent shall have received a fully executed copy of the Priority Lien Intercreditor Agreement and the Second Lien Intercreditor Agreement (each as defined in the Credit Agreement, as amended hereby) executed by the parties thereto;

 (c) The Administrative Agent shall have received a fully executed copy of the Security Documents listed on Exhibit B
attached hereto; 
 (d) The Administrative Agent shall have received fully executed copies of the Indenture Debt Documents
listed on Exhibit C attached hereto; 
 (e) The Administrative Agent shall have received evidence reasonably satisfactory to
it that the Notes Exchange Transaction shall have been consummated, or concurrently with the effectiveness of this Amendment will be consummated; 

(f) The Borrower shall have confirmed and acknowledged to the Administrative Agent and the Lenders, and by its execution and
delivery of this Amendment, the Borrower does hereby confirm and acknowledge to the Administrative Agent and the Lenders, that (i) the execution, delivery and performance of this Amendment, the Priority Lien Intercreditor Agreement, the Second Lien
Intercreditor Agreement and the Security Documents (collectively, the “Amendment Documents”) has been duly authorized by all requisite corporate action on the part of the Borrower and each other Loan Party; (ii) the Credit
Agreement (as amended hereby) and each other Loan Document constitute valid and legally binding agreements enforceable against the Borrower and each other Loan Party that is a party thereto in accordance with their respective terms, except as such
enforceability may be limited by bankruptcy, insolvency, reorganization, moratorium, fraudulent transfer or other similar laws relating to or affecting the enforcement of creditors’ rights generally and by general principles of equity,

  
 2 

 
(iii) the representations and warranties by the Borrower and the other Loan Parties contained in the Credit Agreement and in the other Loan Documents are true and correct on and as of the
date hereof in all material respects as though made as of the date hereof, and (iv) no Default or Event of Default exists under the Credit Agreement or any of the other Loan Documents; and 

(g) The Administrative Agent shall be satisfied that the Borrower is in compliance with Sections 6.16 and 6.19 of the Credit
Agreement, as amended hereby. 
 Section 6. Governing Law. This Amendment shall be governed by, and
construed in accordance with, the laws of the State of New York. 
 Section 7. Miscellaneous. (a) On and
after the effectiveness of this Amendment, each reference in each Loan Document to “this Amendment”, “this Note”, “this Mortgage”, “hereunder”, “hereof” or words of
like import, referring to such Loan Document, and each reference in each other Loan Document to “the Credit Agreement”, “the Notes”, “the Mortgages”, “thereunder”,
“thereof” or words of like import referring to the Credit Agreement, the Notes, or the Mortgage or any of them, shall mean and be a reference to such Loan Document, the Credit Agreement, the Notes, the Mortgage or any of them, as
amended or otherwise modified by this Amendment; (b) the execution, delivery and effectiveness of this Amendment shall not, except as expressly provided herein, operate as a waiver of any default of the Borrower or any right, power or remedy of the
Administrative Agent or the Lenders under any of the Loan Documents, nor constitute a waiver of any provision of any of the Loan Documents and except as otherwise modified by the terms hereof, the Credit Agreement, the Guaranty and such other Loan
Documents shall remain in full force and effect; (c) this Amendment may be executed in any number of counterparts and by different parties hereto in separate counterparts, each of which when so executed shall be deemed to be an original and all of
which taken together shall constitute one and the same agreement; and (d) delivery of an executed counterpart of a signature page to this Amendment by telecopier shall be effective as delivery of a manually executed counterpart of this Amendment.

 Section 8. Final Agreement. THE CREDIT AGREEMENT, THE GUARANTY, AND THE OTHER LOAN DOCUMENTS,
INCLUDING THIS AMENDMENT, REPRESENT THE FINAL AGREEMENT BETWEEN THE PARTIES AND MAY NOT BE CONTRADICTED BY EVIDENCE OF PRIOR, CONTEMPORANEOUS OR SUBSEQUENT ORAL AGREEMENTS OF THE PARTIES. THERE ARE NO ORAL AGREEMENTS BETWEEN THE PARTIES. 

[Signature Pages Follow] 

  
 3 

 IN WITNESS WHEREOF, each of the parties hereto has caused this Second Amendment
to Credit Agreement to be executed by its officer(s) thereunto duly authorized as of the date first above written. 
  

			
	 BORROWER:

	
	 COMSTOCK RESOURCES, INC.,

	 a Nevada corporation

		
	 By:
	 	 /s/ ROLAND O. BURNS

	 Name:
	 	 Roland O. Burns

	 Title:
	 	 President and Chief Financial Officer

  

			
	 ADMINISTRATIVE AGENT AND LENDERS:

	
	 BANK OF MONTREAL, as Administrative Agent and Issuing Bank and Lender

		
	 By:
	 	 /s/ JAMES V. DUCOTE

	 Name:
	 	 James V. Ducote

	 Title:
	 	 Managing Director

  

			
	 BANK OF AMERICA, N.A., as Lender

		
	 By:
	 	 /s/ RAZA JAFFERI

	 Name:
	 	 Raza Jafferi

	 Title:
	 	 Vice President

 Signature Page to Second Amendment 

 ACKNOWLEDGMENT BY GUARANTORS 

Each of the undersigned Guarantors hereby (i) consents to the terms and conditions of that certain Second Amendment to Credit
Agreement dated as of September 6, 2016 (the “Amendment”), including the terms of Section 3 of the Amendment (ii) acknowledges and agrees that its consent is not required for the effectiveness of the Amendment, (iii) ratifies
and acknowledges its respective Obligations under each Loan Document to which it is a party and affirms that the terms of its respective Guaranty guarantees, and will continue to guarantee, the Obligations, after giving effect to the Amendment, and
(iv) represents and warrants that (a) no Default or Event of Default has occurred and is continuing, (b) it is in full compliance with all covenants and agreements pertaining to it in the Loan Documents, and (c) it has reviewed a copy of the
Amendment. 
  

			
	 COMSTOCK OIL & GAS HOLDINGS, INC.

	 COMSTOCK OIL & GAS - LOUISIANA, LLC

	 COMSTOCK OIL & GAS GP, LLC,

		 	 By Comstock Resources, Inc., its sole member

	 COMSTOCK OIL & GAS, LP,

		 	 By Comstock Oil & Gas GP, LLC,

		 	 its general partner,

		 	 By Comstock Resources, Inc., its sole member

		
	 By:
	 	 /s/ ROLAND O. BURNS

	 Name:
	 	 Roland O. Burns

	 Title:
	 	 President

	
	 COMSTOCK OIL & GAS INVESTMENTS, LLC

		
	 By:
	 	 /s/ ROLAND O. BURNS

	 Name:
	 	 Roland O. Burns

	 Title:
	 	 Manager

 Acknowledgment 

 Exhibit A 

CREDIT AGREEMENT 
 Dated as
of March 4, 2015 
 among 

COMSTOCK RESOURCES, INC., 

as the Borrower,  
 BANK
OF MONTREAL, 
 as Administrative Agent and Issuing Bank, 

BANK OF AMERICA, N.A., 
 as
Syndication Agent 
 The Other Lenders Party Hereto, 

BMO CAPITAL MARKETS, INC. 

as Arranger 
  

 
  

 CREDIT AGREEMENT 

This CREDIT AGREEMENT is dated as of March 4, 2015, among COMSTOCK RESOURCES, INC., a Nevada corporation
(“Borrower”), each lender from time to time party hereto (collectively, the “Lenders” and each individually, a “Lender”), and BANK OF MONTREAL, as Administrative Agent and Issuing Bank, BANK OF
AMERICA, N.A., as Syndication Agent. 
 ARTICLE I. 

DEFINITIONS AND ACCOUNTING TERMS 

SECTION 1.1 Defined Terms. As used in this Agreement, the following terms shall have the
meanings set forth below: 
 “2011 Senior Notes” means those certain
7 3⁄4% senior unsecured notes due 2019 issued by the Borrower in an aggregate principal amount of $400.0 million on the date of issuance
thereofon March 14, 2011 under the 2011 Senior Notes Indenture. 

“2011 Senior Notes Indenture” means that certain Third Supplemental Indenture dated as of March 14, 2011 by
and among Borrower, as issuer, and The Bank of New York Mellon Trust Company, N.A., as trustee, and one or more Loan Parties, as guarantors, and all related documentation entered into in connection therewith pursuant to which the 2011 Senior Notes
were issued, as the same may be amended, restated, modified or supplemented from time to time in accordance with the terms hereof. 

“2012 Senior Notes” means those certain 9 1⁄2% senior unsecured notes due 2020 issued by the Borrower in an aggregate principal amount of $300.0 million on the date of issuance thereof
on June 5, 2012 under the 2012 Senior Notes Indenture. 
 “2012 Senior Notes Indenture” means that
certain Fourth Supplemental Indenture dated as of June 5, 2012, by and among Borrower, as issuer, and The Bank of New York Mellon Trust Company, N.A., as trustee, and one or more Loan Parties, as guarantors, and all related documentation entered
into in connection therewith pursuant to which the 2012 Senior Notes were issued, as the same may be amended, restated, modified or supplemented from time to time in accordance with the terms hereof. 

“2015 Senior Secured Notes” means those certain senior
securedunsecured notes due 2020 to be issued by the Borrower in an aggregate principal amount of $700.0 million on the date of issuance
thereofon March 13, 2015 under the 2015 Senior Secured Notes Indenture. 

“2015 Senior Secured Notes Indenture” means that certain Indenture
to be dated, as of the Closing Date,March 4, 2015, by and among Borrower, as issuer, and The Bank of New York Mellon Trust Company, N.A.,
as trustee, and one or more Loan Parties, as guarantors, and all related documentation entered into in connection therewith (excluding Security Documents and the Intercreditor Agreement) pursuant to which the 2015
Senior Secured Notes will bewere issued, as the same may be amended, restated, modified or supplemented from time to time in accordance with the terms
hereof. 

  
 1 

“2019
Second Lien Indenture” means that certain Indenture dated as of September 6, 2016 by and among Borrower, as issuer, the 2019
Second Lien Trustee, as trustee, and one or more Loan Parties, as guarantors, and all related documentation entered into in connection therewith (excluding Security Documents and the
Intercreditor Agreements) pursuant to which the 2019 Second Lien Indenture Notes are issued, as the same may be amended, restated, modified or supplemented from time to time in accordance
with the terms hereof. 

“2019
Second Lien Indenture Notes” means those certain 7 1⁄4% Convertible Secured PIK Notes due 2019 issued on September 6, 2016 by the Borrower under the 2019 Second Lien Indenture, together with,
additional securities issued in connection with the payment of interest in kind on such notes. 

“2019
Second Lien Trustee” means American Stock Transfer & Trust Company, LLC, as trustee under the 2019 Second Lien
Indenture. 

“2020
Second Lien Indenture” means that certain Indenture dated as of September 6, 2016 by and among Borrower, as issuer, and the
2020 Second Lien Trustee, as trustee, and one or more Loan Parties, as guarantors, and all related documentation entered into in connection therewith (excluding Security Documents and the Intercreditor Agreements) pursuant to which the 2020 Second
Lien Indenture Notes are issued, as the same may be amended, restated, modified or supplemented from time to time in accordance with the terms hereof. 

“2020
Second Lien Indenture Notes” means those certain 9 1⁄2% Convertible Secured PIK Notes due 2020 issued on September 6, 2016 by the Borrower under the
2020 Second Lien Indenture , together with, additional securities issued in connection with the payment of interest in kind on such notes. 

“2020
Second Lien Trustee” means American Stock Transfer & Trust Company, LLC, as trustee under the 2020 Second Lien
Indenture. 
 “Account Control Agreements” shall mean each Account Control Agreement executed and
delivered by the Borrower pursuant to this Agreement, in form and substance satisfactory to the parties thereto. 

“Adjusted LIBO Rate” means, with respect to each particular Borrowing comprised of LIBO Rate Loans and the
associated LIBO Rate and Reserve Percentage, the rate per annum calculated by the Administrative Agent (rounded upwards, if necessary, to the next higher 1/100%) determined on a daily basis pursuant to the following formula: 

 

									
		 	 Adjusted LIBO Rate
	  	 =
	  	 LIBO Rate
	  	
		 		  		  	    (1.00% – Reserve Percentage)    	  	

 “Administrative Agent” means Bank of Montreal in its capacity as
administrative agent under any of the Loan Documents, or any successor administrative agent. 
 “Administrative
Agent’s Office” means the Administrative Agent’s address and, as appropriate, account as set forth on Schedule 10.2, or such other address or account as the Administrative Agent may from time to time
designate to the Borrower, the Issuing Bank, and the Lenders. 

  
 2 

 “Advance Payment Contract” means any contract whereby any Loan
Party either (a) receives or becomes entitled to receive (either directly or indirectly) any payment (an “Advance Payment”) to be applied toward payment of the purchase price of Hydrocarbons produced or to be produced from Oil and Gas
Properties owned by any Loan Party and which Advance Payment is, or is to be, paid in advance of actual delivery of such production to or for the account of the purchaser regardless of such production, or (b) grants an option or right of refusal to
the purchaser to take delivery of such production in lieu of payment, and, in either of the foregoing instances, the Advance Payment is, or is to be, applied as payment in full for such production when sold and delivered or is, or is to be, applied
as payment for a portion only of the purchase price thereof or of a percentage or share of such production; provided that inclusion of the standard “take or pay” provisions in any gas sales or purchase contract or any other similar
contract shall not, in and of itself, constitute such contract as an Advance Payment Contract for the purposes hereof. 

“Affiliate” means, as to any Person, any other Person directly or indirectly controlling, controlled by, or
under direct or indirect common control with, such Person. A Person shall be deemed to be “controlled by” any other Person if such other Person possesses, directly or indirectly, the power (a) to vote 10% or more of the securities (on
a fully diluted basis) having ordinary voting power for the election of directors or managing general partners; or (b) to direct or cause the direction of the management and policies of such Person whether by contract or otherwise. 

“Agent and Arranger Fee Letter” has the meaning set forth in Section 2.8(b). 

“Agent-Related Persons” means the Administrative Agent (including any successor administrative agent),
together with its Affiliates (including, in the case of BMO in its capacity as the Administrative Agent, the Issuing Bank and the Arranger), and the officers, directors, employees, agents and attorneys-in-fact of such Persons and Affiliates. 

“Aggregate Commitments” means, as of any date, the sum of the Commitment Amounts of all the Lenders. 

“Agreement” means this Credit Agreement, as amended, restated, amended and restated, supplemented or
otherwise modified from time to time. 
 “Anti-Terrorism Laws” has the meaning set forth in Section
5.14. 
 “Arranger” means BMO Capital Markets, Inc., in its capacity as sole arranger. 

“Asset Coverage Ratio” means, on any date of determination, the ratio of (a) PV-9 to (b) Outstanding Amount.
For the purposes of calculating the Asset Coverage Ratio on a pro forma basis, (i) PV-9 at any time shall be calculated to account for dispositions and acquisitions of Oil and Gas Properties consummated by the Borrower or any Restricted Subsidiary
and any Hedge Liquidation of any Hedging Agreement, in each case occurring since the date of the Engineering Report most recently delivered pursuant hereto and (ii) the Outstanding Amount shall be calculated to account for the Borrower or any of its
Restricted Subsidiaries incurring, assuming, guaranteeing, repaying, repurchasing, redeeming, defeasing or otherwise discharging any such Indebtedness since the end of the most recent fiscal quarter. 

  
 3 

 “Attorney Costs” means and includes all reasonable fees and
disbursements of any law firm or other external counsel. 
 “Attributable Indebtedness” means, on any date,
(a) in respect of any capital lease of any Person, the capitalized amount thereof that would appear on a balance sheet of such Person prepared as of such date in accordance with GAAP, and (b) in respect of any Synthetic Lease Obligation, the
capitalized amount of the remaining lease payments under the relevant lease that would appear on a balance sheet of such Person prepared as of such date in accordance with GAAP if such lease were accounted for as a capital lease. 

“Base Rate” means, on any date and with respect to all Base Rate Loans, a fluctuating rate of interest per
annum equal to the highest of (a) the rate of interest most recently announced by the Administrative Agent at its domestic Lending Office as its base rate for dollar advances made in the United States, (b) the Federal Funds Rate most recently
determined by the Administrative Agent plus  1⁄2% (0.5%) per annum and (c) the rate per annum determined by the Administrative Agent to be the offered
rate that appears on Reuters Screen LIBOR01 Page (or on any successor or substitute page of such page) for deposits in Dollars for a one month Interest Period in effect on such day determined as of approximately 11:00 a.m. (London, England time) on
such day (or if such day is not a Business Day, the immediately preceding Business Day) plus one percent (1.00%). The Base Rate is not necessarily intended to be the lowest rate of interest determined by the Administrative Agent or any
Lender in connection with extensions of credit. Changes in the rate of interest on that portion of any Loans maintained as Base Rate Loans will take effect simultaneously with each change in the Base Rate. In no event shall the Base Rate
be less than 0%. The Administrative Agent will promptly give notice to the Borrower of changes in the Base Rate. 

“Base Rate Loan” means a Loan that bears interest based on the Base Rate. 

“Base Rate Spread” means, with respect to any Base Rate Loan for any time prior to the Maturity Date, 1.5%
per annum. 
 “BMO” means Bank of Montreal and its successors and assigns. 

“Board” means the Board of Governors of the Federal Reserve System of the United States of America. 

“Borrower” has the meaning set forth in the introductory paragraph hereto. 

“Borrowing” means a borrowing consisting of simultaneous Loans of the same Type and having the same Interest
Period made by Lenders pursuant to Section 2.1. 
 “Business Day” means any day other than a
Saturday, Sunday, or other day on which commercial banks are authorized to close under the Laws of, or are in fact closed in, Chicago, Illinois or Houston, Texas and, if such day relates to any LIBO Rate Loan, means any such day on which dealings in
Dollar deposits are conducted in London, England. 

  
 4 

 “Cash Collateralize” means to pledge and deposit with or deliver
to the Administrative Agent, for the benefit of the Issuing Bank and the Lenders, as collateral for the L/C Obligations, cash or deposit account balances pursuant to documentation in form and substance satisfactory to the Administrative Agent and
the Issuing Bank (which documents are hereby consented to by the Lenders). Derivatives of such term shall have corresponding meaning. The Borrower hereby grants the Administrative Agent, for the benefit of the Issuing Bank and the Lenders,
a Lien on all such cash and deposit account balances. Cash collateral shall be maintained in a blocked account at the Administrative Agent or other institutions satisfactory to the Administrative Agent subject to control arrangements
satisfactory to the Administrative Agent. 
 “Change in Law” means the occurrence, after the date of this
Agreement, of any of the following: (a) the adoption or taking effect of any law, rule, regulation or treaty, (b) any change in any law, rule, regulation or treaty or in the administration, interpretation, implementation or application thereof by
any Governmental Authority or (c) the making or issuance of any request, rule, guideline or directive (whether or not having the force of law) by any Governmental Authority; provided that notwithstanding anything herein to the contrary, (x)
the Dodd-Frank Wall Street Reform and Consumer Protection Act and all requests, rules, guidelines or directives thereunder or issued in connection therewith and (y) all requests, rules, guidelines or directives promulgated by the Bank for
International Settlements, the Basel Committee on Banking Supervision (or any successor or similar authority) or the United States or foreign regulatory authorities, in each case pursuant to Basel III, shall in each case be deemed to be a
“Change in Law”, regardless of the date enacted, adopted or issued. 
 “Change of Control” means,
with respect to any Person, an event or series of events by which: 
 (a) any “person” or “group” (as
such terms are used in Sections 13(d) and 14(d) of the Securities Exchange Act of 1934, but excluding any employee benefit plan of such Person or its subsidiaries, or any Person acting in its capacity as trustee, agent or other fiduciary or
administrator of any such plan), becomes the “beneficial owner” (as defined in Rules 13d-3 and 13d-5 under the Securities Exchange Act of 1934, except that a person shall be deemed to have “beneficial ownership” of all securities
that such person has the right to acquire, whether such right is exercisable immediately or only after the passage of time), directly or indirectly, of 50% or more of the equity interests of such Person; or 

(b) during any period of 12 consecutive months, a majority of the members of the board of directors or other equivalent
governing body of such Person cease to be composed of individuals (i) who were members of that board or equivalent governing body on the first day of such period, (ii) whose election or nomination to that board or equivalent governing body was
approved by individuals referred to in clause (i) above constituting at the time of such election or nomination at least a majority of that board or equivalent governing body or (iii) whose election or nomination to that board or other
equivalent governing body was approved by individuals referred to in clauses (i) and (ii) above constituting at the time of such election or nomination at least a majority of that board or equivalent governing body. 

  
 5 

 “Closing Date” means the first date all the conditions precedent
in Section 4.1 are satisfied or waived in accordance with Section 4.1 (or, in the case of Section 4.1(b), waived by the Person entitled to receive the applicable payment). 

“Code” means the Internal Revenue Code of 1986, as amended from time to time, and the regulations promulgated
thereunder. 
 “COGI” means Comstock Oil & Gas, LP, a Nevada limited partnership,
successor-by-conversion to Comstock Oil & Gas, Inc. 
 “COGI GP” means Comstock Oil & Gas GP, LLC,
a Nevada limited liability company. 
 “COGI LP” means Comstock Oil & Gas Investments, LLC, a Nevada
limited partnership. 
 “COGH” means Comstock Oil & Gas Holdings, Inc., a Nevada corporation. 

“COGLA” means Comstock Oil & Gas – Louisiana, LLC, a Nevada limited liability company,
successor-by-conversion to Comstock Oil & Gas – Louisiana, Inc., a Nevada corporation. 

“Commitment” means, as to each Lender, its obligation to (a) make Loans to the Borrower pursuant to
Section 2.1, and (b) purchase participations in L/C Obligations pursuant to Section 2.3, in an aggregate principal amount at any one time outstanding not to exceed such Lender’s Commitment Amount. 

“Commitment Amount” means, as to each Lender, the amount set forth opposite such Lender’s name on
Schedule 2.1, as such amount may be increased, reduced or adjusted from time to time in accordance with this Agreement. 

“Commitment Fee Rate” means, for any time prior to the Maturity Date, 0.50% per annum. 

“Commodity Exchange Act” means the Commodity Exchange Act (7 U.S.C. § 1 et seq.), as amended from time
to time, and any successor statute. 
 “Communications” has the meaning set forth in Section
10.2(c). 
 “Compliance Certificate” means a certificate substantially in the form of Exhibit C.

 “Contractual Obligation” means, as to any Person, any provision of any security issued by such Person or
of any agreement, instrument or other undertaking to which such Person is a party or by which it or any of its property is bound. 

“Credit Extension” means each of the following: (a) a Borrowing, and (b) an L/C Credit Extension. 

“Debt to be Repaid” means Indebtedness outstanding on the Closing Date under the Prior Credit Facility. 

  
 6 

 “Debtor Relief Laws” means the Bankruptcy Code of the United
States of America, and all other liquidation, conservatorship, bankruptcy, assignment for the benefit of creditors, moratorium, rearrangement, receivership, insolvency, reorganization, or similar debtor relief Laws of the United States of America or
other applicable jurisdictions from time to time in effect and affecting the rights of creditors generally. 

“Default” means any event that, with the giving of any notice, the passage of time, or both, would be an
Event of Default. 
 “Default Rate” means an interest rate equal to (a) the Base Rate plus (b) the
Base Rate Spread, if any, applicable to Base Rate Loans plus (c) 2% per annum; provided, however, that with respect to a LIBO Rate Loan, the Default Rate shall be an interest rate equal to the interest rate (including any LIBOR
Spread) otherwise applicable to such Loan plus 2% per annum, in each case to the fullest extent permitted by applicable Laws. 

“Defaulting Lender” means, subject to Section 2.13(f), any Lender that (a) has failed to (i) fund all
or any portion of its Loans within two Business Days of the date such Loans were required to be funded hereunder unless such Lender notifies the Administrative Agent and the Borrower in writing that such failure is the result of such Lender’s
determination that one or more conditions precedent to funding (each of which conditions precedent, together with any applicable default, shall be specifically identified in such writing) has not been satisfied, or (ii) pay to the Administrative
Agent, any Issuing Bank, or any other Lender any other amount required to be paid by it hereunder (including in respect of its participation in Letters of Credit) within two Business Days of the date when due, (b) has notified the Borrower, the
Administrative Agent or any Issuing Bank in writing that it does not intend to comply with its funding obligations hereunder, or has made a public statement to that effect (unless such writing or public statement relates to such Lender’s
obligation to fund a Loan hereunder and states that such position is based on such Lender’s determination that a condition precedent to funding (which condition precedent, together with any applicable default, shall be specifically identified
in such writing or public statement) cannot be satisfied), (c) has failed, within three Business Days after written request by the Administrative Agent or the Borrower, to confirm in writing to the Administrative Agent and the Borrower that it will
comply with its prospective funding obligations hereunder (provided that such Lender shall cease to be a Defaulting Lender pursuant to this clause (c) upon receipt of such written confirmation by the Administrative Agent and the
Borrower), or (d) has, or has a direct or indirect parent company that has, (i) become the subject of a proceeding under any Debtor Relief Law, or (ii) had appointed for it a receiver, custodian, conservator, trustee, administrator, assignee for the
benefit of creditors or similar Person charged with reorganization or liquidation of its business or assets, including the Federal Deposit Insurance Corporation or any other state or federal regulatory authority acting in such a capacity;
provided that a Lender shall not be a Defaulting Lender solely by virtue of the ownership or acquisition of any equity interest in that Lender or any direct or indirect parent company thereof by a Governmental Authority so long as such
ownership interest does not result in or provide such Lender with immunity from the jurisdiction of courts within the United States or from the enforcement of judgments or writs of attachment on its assets or permit such Lender (or such Governmental
Authority) to reject, repudiate, disavow or disaffirm any contracts or agreements made with such Lender. Any determination by the Administrative Agent that a Lender is a Defaulting Lender under clauses (a) through (d) above shall
be conclusive and binding absent manifest error, and such Lender shall be deemed to be a Defaulting Lender (subject to Section 2.13(f)) upon delivery of written notice of such determination to the Borrower, each Issuing Bank and each Lender.

  
 7 

 “Disqualified Stock” means any equity interest that, by its
terms (or by the terms of any security or other equity interest into which it is convertible or for which it is exchangeable), or upon the happening of any event, (i) matures or is mandatorily redeemable, pursuant to a sinking fund obligation or
otherwise, or (ii) is redeemable at the option of the holder thereof, in whole or in part, (iii) provides for scheduled payments or dividends in cash or (iv) is or becomes convertible into or exchangeable for Indebtedness or any other equity
interests that would constitute Disqualified Stock. 
 “Disposition” or “Dispose” means
the sale, transfer, license or other disposition (including any sale and leaseback transaction) of any property by any Person, including any sale, assignment, transfer or other disposal, with or without recourse, of any notes or accounts receivable
or any rights and claims associated therewith. 
 “Dollar” and “$” means lawful money of
the United States of America. 
 “Eligible Assignee” has the meaning specified in Section 10.7.6.

 “Engineering Report” means the Initial Engineering Report and each engineering report delivered pursuant
to Section 6.2(g) or 6.2(h). 
 “Environmental Laws” means all Laws relating to
environmental, health, safety and land use matters applicable to any property. 
 “ERISA” means the
Employee Retirement Income Security Act of 1974, as amended from time to time, and any regulations issued pursuant thereto. 

“ERISA Affiliate” means any trade or business (whether or not incorporated) under common control with the
Borrower or any Guarantor within the meaning of Section 414(b) or (c) of the Code (and Sections 414(m) and (o) of the Code for purposes of provisions relating to Section 412 of the Code). 

“ERISA Event” means (a) a Reportable Event with respect to a Pension Plan; (b) a withdrawal by the Borrower
or any ERISA Affiliate from a Pension Plan subject to Section 4063 of ERISA during a plan year in which it was a substantial employer (as defined in Section 4001(a)(2) of ERISA) or a cessation of operations that is treated as such a withdrawal under
Section 4062(e) of ERISA; (c) a complete or partial withdrawal by the Borrower or any ERISA Affiliate from a Multiemployer Plan or notification that a Multiemployer Plan is in reorganization; (d) the filing of a notice of intent to terminate, the
treatment of a Plan amendment as a termination under Sections 4041 or 4041A of ERISA, or the commencement of proceedings by the PBGC to terminate a Pension Plan or Multiemployer Plan; (e) an event or condition which might reasonably be expected to
constitute grounds under Section 4042 of ERISA for the termination of, or the appointment of a trustee to administer, any Pension Plan or Multiemployer Plan; (f) the determination that any Pension Plan is considered an at-risk plan within the
meaning of Section 430 of the Code or Section 303 of ERISA; (g) the determination that any Multiemployer Plan is in endangered or critical status within the meaning of Sections 431 and 432 of the Code or

  
 8 

 
Sections 304 and 305 of ERISA; or (h) the imposition of any liability under Title IV of ERISA, other than PBGC premiums due but not delinquent under Section 4007 of ERISA, upon the Borrower
or any ERISA Affiliate. 
 “Event of Default” means any of the events or circumstances specified in
Article VIII. 

“Exchange
 Offer” means a series of transactions occurring on September 6, 2016 in which the Borrower and one or more of the Loan
Parties will (i) exchange up to $700,000,000 in aggregate principal amount of the 2015 Senior Notes for the Priority Lien Indenture Notes, (ii) exchange up to $288,516,000 in aggregate principal amount of the 2011 Senior Notes for the 2019 Second
Lien Indenture Notes, and (iii) exchange up to $174,607,000 in aggregate principal of the 2012 Senior Notes for the 2020 Second Lien Indenture Notes, as more fully described in that certain Registration Statement on Form S-4 filed with the
Securities and Exchange Commission on August 1, 2016, as amended. 
 “Excluded Swap Obligation” means,
with respect to any Loan Party, any obligation or liability in respect of a Hedging Agreement if, and to the extent that, all or a portion of such obligation or liability of such Loan Party with respect to, or the grant by such Loan Party of a
security interest to secure, such obligation or liability (or any guaranty thereof or other agreement or undertaking agreeing to guaranty, repay, indemnify or otherwise be liable therefor) is or becomes illegal under the Commodity Exchange Act or
any rule, regulation or order of the Commodity Futures Trading Commission (or the application or official interpretation of any thereof) (a) by virtue of such Loan Party’s failure for any reason to constitute an “eligible contract
participant” as defined in the Commodity Exchange Act and the regulations thereunder at the time the obligation or other liability of such Loan Party or the grant of such security interest becomes or would become effective with respect to such
obligation or other liability or (b) in the case of any obligation or liability in respect of a Hedging Agreement subject to a clearing requirement pursuant to section 2(h) of the Commodity Exchange Act (or any successor provision thereto), because
such Loan Party is a “financial entity,” as defined in section 2(h)(7)(C)(i) the Commodity Exchange Act (or any successor provision thereto), at the time the obligation or other liability of such Loan Party becomes or would become
effective with respect to such obligation or liability. If any obligation or liability in respect of a Hedging Agreement arises under a master agreement governing more than one swap, such exclusion shall apply only to the portion of such
obligation or liability that is attributable to swaps for which such guaranty obligation or other liability or security interest is or becomes illegal. 

“Executive Order” has the meaning set forth in Section 5.14. 

“FCPA” has the meaning set forth in Section 5.14. 

“Federal Funds Rate” means, for any day, the rate per annum (rounded upwards to the nearest 1/100 of 1%)
equal to the weighted average of the rates on overnight Federal funds transactions with members of the Federal Reserve System arranged by Federal funds brokers on such day, as published by the Federal Reserve Bank on the Business Day next succeeding
such day; provided that (a) if such day is not a Business Day, the Federal Funds Rate for such day shall be such rate on such transactions on the next preceding Business Day as so published on the next succeeding Business Day, and (b) if no
such rate is so published on such next succeeding Business Day, the Federal Funds Rate for such day shall be the average rate charged to the Administrative Agent on such day on such transactions as determined by the Administrative Agent. 

  
 9 

 “Foreign Lender” has the meaning specified in Section
3.8. 
 “GAAP” means generally accepted accounting principles and practices that are recognized as such
by the Financial Accounting Standards Board (or any generally recognized successor). If at any time any change in GAAP would affect the computation of any financial ratio or requirement set forth in any Loan Document, and the Borrower or the
Majority Lenders or the Administrative Agent shall so request, the Administrative Agent, the Lenders and the Borrower shall negotiate in good faith to amend such ratio or requirement to preserve the original intent thereof in light of such change in
GAAP; provided that, until so amended, (a) such ratio or requirement shall continue to be computed in accordance with GAAP prior to such change therein and (b) the Borrower shall provide to the Administrative Agent and the Lenders financial
statements and other documents required under this Agreement or as reasonably requested hereunder setting forth a reconciliation between calculations of such ratio or requirement made before and after giving effect to such change in GAAP. 

“Governmental Authority” means any nation or government, any state or other political subdivision thereof,
any agency, authority, instrumentality, regulatory body, court, administrative tribunal, central bank or other entity exercising executive, legislative, judicial, taxing, regulatory or administrative powers or functions of or pertaining to
government, and any corporation or other entity owned or controlled, through stock or capital ownership or otherwise, by any of the foregoing. 

“Governmental Requirements” means all judgment, orders, writs, injunctions, decrees, awards, laws,
ordinances, statutes, regulations, rules, franchises, permits, certificates, licenses, authorizations and the like and any other requirements of any government or any commission, board, court, agency, instrumentality or political subdivision
thereof. 
 “Guarantors” means each of the Subsidiaries listed in Part (b) of Schedule 5.13 and each
other Subsidiary of the Borrower that shall have executed and delivered a Guaranty to the Administrative Agent for the benefit of the Lenders; provided that upon the release of any Subsidiary’s Guaranty in accordance with this Agreement,
such Subsidiary shall thereafter be excluded from the definition of “Guarantors” (unless and until such Subsidiary shall thereafter deliver another Guaranty). 

“Guaranty” means (a) each subsidiary guaranty (including any amended and restated subsidiary guaranty) dated
as of the Closing Date made by each of the Guarantors in favor of the Administrative Agent on behalf of the Lenders, in form and substance satisfactory to the parties thereto in favor of the Administrative Agent on behalf of the Lenders delivered in
accordance with this Agreement. 
 “Guaranty Obligation” means, as to any Person, (a) any obligation,
contingent or otherwise, of such Person guarantying or having the economic effect of guarantying any Indebtedness or other obligation payable or performable by another Person (the “primary obligor”) in any manner, whether directly or
indirectly, and including any obligation of such Person, direct 

  
 10 

 
or indirect, (i) to purchase or pay (or advance or supply funds for the purchase or payment of) such Indebtedness or other obligation, (ii) to purchase or lease property, securities or services
for the purpose of assuring the obligee in respect of such Indebtedness or other obligation of the payment or performance of such Indebtedness or other obligation, (iii) to maintain working capital, equity capital or any other financial statement
condition or liquidity of the primary obligor so as to enable the primary obligor to pay such Indebtedness or other obligation, or (iv) entered into for the purpose of assuring in any other manner the obligees in respect of such Indebtedness or
other obligation of the payment or performance thereof or to protect such obligees against loss in respect thereof (in whole or in part), or (b) any Lien on any assets of such Person securing any Indebtedness or other obligation of any other Person,
whether or not such Indebtedness or other obligation is assumed by such Person; provided, however, that the term “Guaranty Obligation” shall not include endorsements of instruments for deposit or collection in the ordinary
course of business. The amount of any Guaranty Obligation shall be deemed to be an amount equal to the stated or determinable amount of the related primary obligation, or portion thereof, in respect of which such Guaranty Obligation is made or,
if not stated or determinable, the maximum reasonably anticipated liability in respect thereof as determined by the guarantying Person in good faith. 

“Hazardous Materials” means all explosive or radioactive substances or wastes and all hazardous or toxic
substances, wastes or other pollutants, including petroleum or petroleum distillates, asbestos or asbestos containing materials, polychlorinated biphenyls, radon gas, infectious or medical wastes and all other substances or wastes of any nature
regulated pursuant to any Environmental Law. 
 “Hedge Liquidation” means the sale, assignment, novation,
liquidation, unwind, cancellation, modification or termination of all or any part of any Hedging Agreement (other than, in each case, at its scheduled maturity). 

“Hedging Agreement” means (a) any and all rate swap transactions, basis swaps, credit derivative
transactions, forward rate transactions, commodity swaps, commodity options, forward commodity contracts, equity or equity index swaps or options, bond or bond price or bond index swaps or options or forward bond or forward bond price or forward
bond index transactions, interest rate options, forward foreign exchange transactions, cap transactions, floor transactions, collar transactions, currency swap transactions, cross-currency rate swap transactions, currency options, spot contracts, or
any other similar transactions or any combination of any of the foregoing (including any options to enter into any of the foregoing and any agreement, contract or transaction that constitutes a “swap” within the meaning of section 1a(47)
of the Commodity Exchange Act), whether or not any such transaction is governed by or subject to any master agreement, and (b) any and all transactions of any kind, and the related confirmations, which are subject to the terms and conditions of, or
governed by, any form of master agreement published by the International Swaps and Derivatives Association, Inc., any International Foreign Exchange Master Agreement, or any other master agreement (any such master agreement, together with any
related schedules, a “Master Agreement”), including any such obligations or liabilities under any Master Agreement. 

“Hedging Termination Value” means the net effect of any Hedge Liquidation (as reasonably determined by the
Administrative Agent. 

  
 11 

 “Highest Lawful Rate” has the meaning given to it in Section
10.10. 
 “Honor Date” has the meaning set forth in Section 2.3(c)(i). 

“Hydrocarbon Interest” means all rights, titles, interests and estates now or hereafter acquired in
and to oil and gas leases, oil, gas and mineral leases or other liquid or gaseous hydrocarbon leases, mineral fee interests, overriding royalty and royalty interests, operating rights, net profit interests, production payment interests and other
similar types of interests, including any reserved or residual interest of whatever nature. 

“Hydrocarbons” means oil, gas, casinghead gas, drip gasoline, natural gasoline, condensate, distillate,
liquid hydrocarbons, gaseous hydrocarbons and all products refined or separated therefrom. 
 “ICC” has the
meaning set forth in Section 2.3(g). 
 “Indebtedness” means, as to any Person at a particular time,
all of the following: 
 (a) all obligations of such Person for borrowed money and all obligations of such Person evidenced
by bonds, debentures, notes, loan agreements or other similar instruments; 
 (b) any direct or contingent obligations of
such Person arising under letters of credit (including standby and commercial), banker’s acceptances, bank guaranties, surety bonds and similar instruments; 

(c) net obligations under any Hedging Agreement in an amount equal to (i) if such Hedging Agreement has been closed out, the
termination value thereof, or (ii) if such Hedging Agreement has not been closed out, the mark-to-market value thereof determined on the basis of readily available quotations provided by any recognized dealer in such Hedging Agreement; 

(d) whether or not so included as liabilities in accordance with GAAP, (i) all obligations of such Person to pay the deferred
purchase price of property or services (but excluding accounts payable incurred in the ordinary course of business that are not more than 90 days past due unless contested in good faith by appropriate proceedings and for which adequate reserves
under GAAP have been established therefor, and any guaranties by the Borrower or any Subsidiary of such accounts payable), and (ii) indebtedness (excluding prepaid interest thereon) secured by a Lien on property owned or being purchased by such
Person (including indebtedness arising under conditional sales or other title retention agreements), whether or not such indebtedness shall have been assumed by such Person or is limited in recourse, provided that the amount of such
indebtedness that constitutes Indebtedness shall be the lesser of the amount so such indebtedness or the fair market value of the property owned or being purchased; 

(e) capital leases and Synthetic Lease Obligations; 

(f) obligations to deliver commodities, goods or services, including, without limitation, Hydrocarbons, in consideration of
one or more advance payments, other than gas balancing arrangements in the ordinary course of business (but only to the extent of such advance payments); 

  
 12 

 (g) obligations under “take or pay” or similar agreements (other than
obligations under firm transportation or drilling contracts); 
 (h) the undischarged balance of any production payment
created by such Person or for the creation of which such Person directly or indirectly received payment; 

(i)
the payment of interest on any Indebtedness in the form of additional Indebtedness; and 

(ij) all Guaranty Obligations of such Person in
respect of any of the foregoing. 
 For all purposes hereof, the Indebtedness of any Person shall include the Indebtedness
of any partnership or joint venture in which such Person is a general partner or a joint venturer, unless such Indebtedness is expressly made non-recourse to such Person except for customary exceptions acceptable to the Majority Lenders. The
amount of any capital lease or Synthetic Lease Obligation as of any date shall be deemed to be the amount of Attributable Indebtedness in respect thereof as of such date. 

“Indemnified Liabilities” has the meaning set forth in Section 10.5. 

“Indemnitees” has the meaning set forth in Section 10.5. 

“Indenture Debt Documents” means, individually and collectively, (i) the 2012 Senior Notes Indenture, (ii)
the 2011 Senior Notes Indenture, (iii) the 2015 Senior Secured Notes Indenture, (iv) the 2019 Second Lien Indenture,
(v) the 2020 Second Lien Indenture, (vi) the Priority Lien Indenture, (vii) any Permitted Additional Notes Indenture and (vviii) any documents related to or delivered
in connection with the issuance of any Permitted Refinancing Indebtedness (excluding the Priority Lien Intercreditor Agreement, the Second Lien Intercreditor Agreement and the Security
Documents). 
 “Initial Audited Financial Statements” means each of the audited consolidated balance sheet
of the Borrower and its Subsidiaries as of December 31, 2014 and the related consolidated statements of income and cash flows of the Borrower for the fiscal year ended December 31, 2014. 

“Initial Engineering Report” means the engineering report dated as of December 31, 2014, prepared by Lee
Keeling & Associates, Inc. 
 “Intercreditor Agreement”
references that certainAgreements” shall mean the Priority
Lien Intercreditor Agreement dated as of the Closing Date, among the Pari Passu Collateral Agent, the Senior Secured Trustee and the other parties thereto, as amended from time to
timeand the Second Lien Intercreditor Agreement. 

“Interest Payment Date” means (a) as to any LIBO Rate Loan, the last day of each Interest Period applicable
to such Loan; provided, however, that if any Interest Period for a LIBO Rate Loan exceeds three months, the respective dates that fall every three months after the beginning of such Interest Period shall also be Interest Payment Dates;
and (b) as to any Base Rate Loan, the last Business Day of each March, June, September and December, and the Maturity Date. 

  
 13 

 “Interest Period” means as to each LIBO Rate Loan, the period
commencing on the date such LIBO Rate Loan is disbursed or (in the case of any Base Rate Loan) converted to or continued as a LIBO Rate Loan and ending on the date one, two, three or six months thereafter, as selected by the Borrower in its Notice
of Advance; provided that: 
 (a) any Interest Period that would otherwise end on a day that is not a Business Day
shall be extended to the next succeeding Business Day unless, in the case of a LIBO Rate Loan, such Business Day falls in another calendar month, in which case such Interest Period shall end on the next preceding Business Day; 

(b) any Interest Period pertaining to a LIBO Rate Loan that begins on the last Business Day of a calendar month (or on a day
for which there is no numerically corresponding day in the calendar month at the end of such Interest Period) shall end on the last Business Day of the calendar month at the end of such Interest Period; and 

(c) no Interest Period shall extend beyond the scheduled Maturity Date. 

“Investment” means, as to any Person, any acquisition or investment by such Person, whether by means of (a)
the purchase or other acquisition of capital stock or other securities of another Person, (b) a loan, advance or capital contribution to, guaranty of debt of, or purchase or other acquisition of any other debt or equity participation or interest in,
another Person, including any partnership or joint venture interest in such other Person, or (c) the purchase or other acquisition (in one transaction or a series of transactions) of assets of another Person that constitute a business unit. For
purposes of covenant compliance, the amount of any Investment shall be the amount actually invested, without adjustment for subsequent increases or decreases in the value of such Investment. 

“IRS” means the United States Internal Revenue Service. 

“Issuing Bank” means Bank of Montreal in its capacity as issuer of Letters of Credit hereunder, or any
successor issuer of Letters of Credit hereunder. 
 “Laws” means, collectively, all international, foreign,
Federal, state and local statutes, treaties, rules, guidelines, regulations, ordinances, codes and administrative or judicial precedents or authorities, including the interpretation or administration thereof by any Governmental Authority charged
with the enforcement, interpretation or administration thereof, and all applicable administrative orders, directed duties, requests, licenses, authorizations and permits of, and agreements with, any Governmental Authority, in each case whether or
not having the force of law. 
 “L/C Advance” means, with respect to any Lender, such Lender’s
participation in any L/C Borrowing in accordance with its Percentage Share. 
 “L/C Borrowing” means an
extension of credit resulting from a drawing under any Letter of Credit that has not been either reimbursed on the date when made or refinanced as a Borrowing. 

“L/C Collateral” has the meaning set forth in Section 2.3(k)(i). 

  
 14 

 “L/C Credit Extension” means, with respect to any Letter of
Credit, the issuance thereof or extension of the expiry date thereof, or the renewal or increase of the amount thereof. 

“L/C Obligations” means, as at any date of determination, the aggregate undrawn face amount of all
outstanding Letters of Credit plus the aggregate of all Unreimbursed Amounts, including all L/C Borrowings. 

“Lender” has the meaning set forth in the introductory paragraph hereto and, as the context requires,
includes the Issuing Bank. 
 “Lender Assignment” means a Lender Assignment substantially in the form of
Exhibit D. 
 “Lender Provided Hedging Agreement” means any Hedging Agreement between a Loan Party
and a Secured Swap Counterparty. 
 “Lending Office” means, as to any Lender, the office or offices of such
Lender described as such on Schedule 10.2, or such other office or offices as a Lender may from time to time designate to the Borrower and the Administrative Agent. 

“Letter of Credit” means any standby or commercial letter of credit issued hereunder. 

“Letter of Credit Application” means an application and agreement for the issuance or amendment of a letter
of credit in the form from time to time in use by the Issuing Bank. 
 “Letter of Credit Availability Expiration
Date” means the day that is seven (7) days prior to the Maturity Date (or, if such day is not a Business Day, the next preceding Business Day). 

“Letter of Credit Sublimit” means an amount equal to the lowest of (x) the Aggregate Commitments and (y)
$25,000,000. The Letter of Credit Sublimit is part of, and not in addition to, the Aggregate Commitments. 

“LIBO Rate” shall mean, with respect to any LIBO Rate Loan within a Borrowing and with respect to the related
Interest Period, the rate of interest per annum equal to the offered quotation appearing on Reuters Screen LIBOR01 Page at approximately 11:00 a.m. (London time) on the date which is two Business Days prior to the beginning of the relevant Interest
Period (or if such Reuters Screen LIBOR01 Page shall not be available, the rate per annum determined by the Administrative Agent by reference to the British Bankers’ Association Interest Settlement Rate for deposits in U.S. dollars as set forth
by any service which has been nominated by the British Bankers’ Association as an authorized information vendor for the purpose of displaying such rates) for a period most closely approximating such Interest Period, provided that, (i) to
the extent that an interest rate is not ascertainable pursuant to the foregoing provision of this definition, the “LIBO Rate” shall be the interest rate per annum, determined by the Administrative Agent to be the average of the rates per
annum at which deposits in U.S. dollars are offered for such relevant Interest Period to major banks in the London interbank market in London, England by the Administrative Agent at approximately 11:00 a.m. (London time) on the date which is two
Business Days prior to the beginning of such Interest Period and (ii) in no event shall the LIBO Rate be less than 0%. 

  
 15 

 “LIBO Rate Loan” means a Loan that bears interest at the
Adjusted LIBO Rate. 
 “LIBOR Spread” means with respect to any LIBO Rate Loan for any time prior to the
Maturity Date, 2.5% per annum. 
 “Lien” means any mortgage, pledge, hypothecation, assignment,
deposit arrangement, encumbrance, lien (statutory or other), charge, or preference, priority or other security interest or preferential arrangement of any kind or nature whatsoever (including any conditional sale or other title retention agreement,
any financing lease having substantially the same economic effect as any of the foregoing, and the filing of any financing statement under the Uniform Commercial Code or comparable Laws of any jurisdiction), including the interest of a purchaser of
accounts receivable. 
 “Loan” has the meaning set forth in Section 2.1. 

“Loan Documents” means this Agreement, each Note, the Agent and Arranger Fee Letter, each Notice of Advance,
each Letter of Credit Application, each Letter of Credit, each of the Security Documents, each Compliance Certificate, each Guaranty, each Subordination Agreement, the Priority Lien
Intercreditor Agreement, the Second Lien Intercreditor Agreement and all other written agreements, certificates, documents, instruments and writings at any time delivered in connection herewith or therewith; provided that for the
avoidance of doubt, a Hedging Agreement between a Loan Party and a Lender or Affiliate of a Lender shall not constitute a Loan Document. 

“Loan Parties” means, collectively, the Borrower and each Guarantor. 

“Majority Lenders” means, as of any date of determination, Non-Defaulting Lenders whose Voting Percentages
aggregate to greater than 50.0%. 
 “Material Adverse Effect” means (a) a material adverse change in, or a
material adverse effect upon, the operations, business, properties, or condition (financial or otherwise) of the Borrower and its Restricted Subsidiaries taken as a whole; (b) a material impairment of the ability of any Loan Party to perform its
obligations under any Loan Document to which it is a party; or (c) a material adverse effect upon the legality, validity, binding effect or enforceability against any Loan Party of any Loan Document to which it is a party or upon the rights and
remedies of the Administrative Agent, the Issuing Bank, or any Lender under any Loan Document. 

“Material Subsidiary” means a direct or indirect
Subsidiary of the Borrower with, together with its Subsidiaries, assets having a net book value or fair market value (determined in good faith by a Responsible Officer of the Borrower) in excess of $25,000,000. 

“Matured L/C Obligations” means all amounts paid by Issuing Bank on drafts or demands for payment drawn or
made under or purported to be under any Letter of Credit (or under or in connection with any L/C Application) that have not been repaid to the Issuing Bank (with the proceeds of a Loan or otherwise). 

“Maturity Date” means the earlier of (a) the date that is the fourth anniversary of the Closing Date, and (b)
the date six (6) months prior to the earliest date on which the payment of principal is scheduled to be paid on any Indebtedness described in clause (f) or
(ik) of Section 7.3 and (c) such earlier date upon which the Commitments may be terminated in accordance with the terms hereof. 

  
 16 

 “Maximum Loan Amount” means $50,000,000 as such amount may be
reduced from time to time pursuant to Section 2.5. 
 “Mortgage” means each mortgage, deed of trust
or similar document delivered pursuant to this Agreement, in each case, as amended, supplemented, restated or otherwise modified from time to time, in form and substance satisfactory to the Administrative Agent and the Borrower. 

“Mortgaged Property” has the meaning set forth in the Mortgage. 

“Multiemployer Plan” means any employee benefit plan of the type described in Section 4001(a)(3) of ERISA, to
which the Borrower or any ERISA Affiliate makes or is obligated to make contributions, or during the preceding three calendar years, has made or been obligated to make contributions. 

“Net Sale Proceeds” means, with respect to any Disposition of any asset by the Borrower or any Restricted
Subsidiary, the aggregate amount of cash or cash equivalents received by or paid to or for the account of the Borrower or such Restricted Subsidiary from time to time (whether as initial consideration or through payment or disposition of deferred
consideration) by or on behalf of such Person in connection with such transaction after deducting therefrom only (without duplication) (a) reasonable out-of-pocket costs and fees, (b) the amount of taxes payable in connection with or as a result of
such transaction and (c) the amount of any Indebtedness permitted by Section 7.3 hereof secured by a Lien on such asset permitted by Section 7.1 hereof that, by the terms of the agreement or instrument governing such Indebtedness, is
required to be repaid or may be prepaid upon such disposition, in each case, to the extent, but only to the extent, that the amounts so deducted are, at the time of receipt of such cash, actually paid to a Person that is not an Affiliate of the
Borrower or such Restricted Subsidiary and are properly attributable to such transaction or to the asset that is the subject thereof. 

“Non-Defaulting Lender” means, at any time, any Lender that is not a Defaulting Lender at such time. 

“Non-Recourse Debt” means Indebtedness: 

(a) as to which neither the Borrower nor any of its Restricted Subsidiaries constitutes the lender; 

(b) no default with respect to which (including any rights that the holders thereof may have to take enforcement action
against an Unrestricted Subsidiary) would permit upon notice, lapse of time or both any holder of any other Indebtedness of the Borrower or any of its Restricted Subsidiaries to declare a default on such other Indebtedness or cause the payment
thereof to be accelerated or payable prior to its stated maturity; and 
 (c) as to which the lenders have been notified in
writing that they will not have any recourse to the stock or assets of the Borrower or any of its Restricted Subsidiaries. 

  
 17 

 “Note” means a promissory note made by the Borrower in favor of
a Lender evidencing Loans made by such Lender, substantially in the form of Exhibit B. 
 “Notice of
Advance” means a notice, which, if in writing, shall be substantially in the form of Exhibit A, of (a) a Borrowing, (b) a conversion of Loans from one Type to the other, or (c) a continuation of Loans as the same Type, pursuant to
Section 2.2(a). 
 “Obligations” means all advances to, and debts, liabilities, obligations,
covenants and duties of, any Loan Party arising under any Loan Document, whether direct or indirect (including those acquired by assumption), absolute or contingent, due or to become due, now existing or hereafter arising and including interest that
accrues after the commencement by or against any Loan Party or any Affiliate thereof of any proceeding under any Debtor Relief Laws naming such Person as the debtor in such proceeding. 

“OFAC” has the meaning set forth in Section 5.14. 

“Off-Balance Sheet Liability” of a Person means (a) any repurchase obligation or liability of such Person
with respect to accounts or notes receivable sold by such Person, (b) any liability under any sale and leaseback transaction which is not a capital lease obligation, (c) any indebtedness, liability or obligation under any so-called “synthetic
lease” transaction entered into by such Person, (d) any Advance Payment Contract, or (e) any indebtedness, liability or obligation arising with respect to any other transaction which is the functional equivalent of or takes the place of
borrowing but which does not constitute a liability on the balance sheets of such Person, but excluding from the foregoing clauses (c) through (e) operating leases and usual and customary oil, gas and mineral leases. 

“Oil and Gas Properties” means Hydrocarbon Interests; the properties now or hereafter pooled or unitized with
Hydrocarbon Interests; all presently existing or future unitization, pooling agreements and declarations of pooled units and the units created thereby (including without limitation all units created under orders, regulations and rules of any
Governmental Authority have jurisdiction) that may affect all or any portion of the Hydrocarbon Interests; all operating agreements, contracts and other agreements that relate to any of the Hydrocarbon Interests or the production, sale, purchase,
exchange or processing of Hydrocarbons from or attributable to such Hydrocarbon Interest; all Hydrocarbons in and under and which may be produced and saved or attributable to the Hydrocarbon Interests, the lands covered thereby and all oil in tanks
and all rents, issues, profits, proceeds, products, revenues and other income from or attributable to the Hydrocarbon Interests; all tenements, hereditaments, appurtenances and properties in any manner appertaining, belonging, affixed or incidental
to the Hydrocarbon Interests, properties, rights, titles, interests and estates described or referred to above, including any and all property, real or personal, now owned or hereinafter acquired and situated upon, used, held for use or useful in
connection with the operating, working or development of any of such Hydrocarbon Interests or property (excluding drilling rigs, automotive equipment or other personal property which may be on such premises for the purpose of drilling a well or for
other similar temporary uses) and including any and all oil wells, gas wells, injection wells or other wells, buildings, structures, fuel separators, liquid extraction plants, plant compressors, pumps, pumping units, field gathering systems, tanks
and tank batteries, fixtures, valves, fittings, machinery and parts, engines, boilers, meters, apparatus, equipment, appliances, tools, implements, cables, wires, towers, casing, tubing and rods, surface leases, rights-of-way, easements and
servitudes together with all additions, substitutions, replacements, accessions and attachments to any and all of the foregoing. 

  
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 “Optional Indebtedness Payment” has the meaning set forth in
Section 7.12. 
 “Organization Documents” means, (a) with respect to any corporation, the
certificate or articles of incorporation and the bylaws; (b) with respect to any limited liability company, the articles of formation and operating agreement; and (c) with respect to any partnership, joint venture, trust or other form of business
entity, the partnership, joint venture or other applicable agreement of formation and any agreement, instrument, filing or notice with respect thereto filed in connection with its formation with the secretary of state or other department in the
state of its formation, in each case as amended from time to time. 
 “Outstanding Amount” means (i) with
respect to Loans on any date, the aggregate outstanding principal amount thereof after giving effect to any Borrowings and prepayments or repayments of Loans occurring on such date; and (ii) with respect to any L/C Obligations on any date, the
amount of such L/C Obligations on such date after giving effect to any L/C Credit Extension occurring on such date and any other changes in the aggregate amount of the L/C Obligations as of such date, including as a result of any reimbursements of
outstanding unpaid drawings under any Letters of Credit or any reductions in the maximum amount available for drawing under Letters of Credit taking effect on such date. 

“Pari Passu Collateral Agent” has the meaning set forth in the
Priority Lien Intercreditor Agreement. 
 “Pari Passu
Obligations” has the meaning set forth in the Priority Lien Intercreditor Agreement. 

“Pari Passu Secured Parties” has the meaning set forth in
the Priority Lien Intercreditor Agreement. 

“Participant” has the meaning set forth in Section 10.7(c). 

“PBGC” means the Pension Benefit Guaranty Corporation. 

“Pension Act” means the Pension Protection Act of 2006. 

“Pension Funding Rules” means the rules of the Code and ERISA regarding minimum required contributions
(including any installment payment thereof) to Pension Plans and set forth in, with respect to plan years ending prior to the effective date of the Pension Act, Section 412 of the Code and Section 302 of ERISA, each as in effect prior to the Pension
Act and, thereafter, Sections 412, 430, 431, 432 and 436 of the Code and Sections 302,303,304 and 305 of ERISA. 

“Pension Plan” means any “employee pension benefit plan” (as such term is defined in Section 3(2)
of ERISA), other than a Multiemployer Plan, that is subject to Title IV of ERISA and is sponsored or maintained by the Borrower or any ERISA Affiliate or to which the Borrower or any ERISA Affiliate contributes or has an obligation to contribute, or
in the case of a multiple employer plan (as described in Section 4064(a) of ERISA) has made contributions at any time during the immediately preceding five plan years, or with respect to which the Borrower or any ERISA Affiliate otherwise has
liability or contingent liability. 

  
 19 

 “Percentage Share” means, with respect to each Lender, the
percentage (carried out to the ninth decimal place) set forth opposite the name of such Lender on Schedule 2.1 (as amended or modified from time to time) or on the relevant Lender Assignment, as the case may be, as such percentage share may
be adjusted as provided herein (including pursuant to Section 2.15). 
 “Permitted Additional Notes”
means senior unsecured notes issued by the Borrower from time to time after the Closing DateSeptember 6, 2016; provided that (a) the final maturity date of such
senior unsecured notes shall not be earlier than 91 days after the Maturity Date (as in effect on the date of issuance of such senior unsecured notes); (b) such senior unsecured notes and any Permitted Additional Notes Indenture under which such
senior unsecured notes are issued contain customary terms and conditions for senior unsecured notes of like tenor and amount and do not contain any covenants, events or default or other provisions (other than interest rate and redemption premiums)
that, on the whole, are materially more onerous to the Borrower and its Subsidiaries than those imposed by the 20122015 Senior Notes Indenture (c) at the time of and
immediately after giving effect to each incurrence of such Indebtedness, no Default or Event of Default shall have occurred and be continuing; (d) such Indebtedness does not have any scheduled per annum principal amortization prior to the date which
is 91 days after the Maturity Date as in effect on the date such Indebtedness is incurred; (e) if such Indebtedness is senior subordinated Indebtedness, such Indebtedness is expressly subordinate to the payment in full of all of the Secured
Obligations on terms and conditions reasonably satisfactory to the Administrative Agent; (f) such Indebtedness does not have any mandatory prepayment, defeasance, tender, repurchase, sinking fund or redemption provisions (other than customary change
of control or asset sale tender offer provisions, in each case to the extent required to be applied first to the Secured Obligations to the extent required by this Agreement); and (g) the stated interest or coupon rate of such new Indebtedness is
reasonably acceptable to the Administrative Agent. 
 “Permitted Additional Notes Indenture” means any
indenture, by and between Borrower and a trustee, and related documentation entered into in connection therewith pursuant to which the Permitted Additional Notes shall have been issued, as the same may be amended, restated, modified or supplemented
from time to time. 
 “Permitted Lien” has the meaning set forth in Section 7.1. 

“Permitted Refinancing Indebtedness” means Indebtedness of the Borrower (for purposes of this definition,
“new Indebtedness”) incurred in exchange for, or proceeds of which are used to refinance, all or any portion of the 2012 Senior Notes, the 2011 Senior Notes, the 2015 Senior
SecuredNotes, the 2019 Second Lien Indenture Notes, the 2020 Second Lien Indenture Notes, the Priority Lien Indenture Notes or any Permitted Additional Notes (the portion
refinanced, the “Refinanced Indebtedness”); provided that (a) such new Indebtedness is in an aggregate principal amount not in excess of the sum of (i) the aggregate principal amount of the Refinanced Indebtedness and (ii) an
amount necessary to pay any fees and expenses, including premiums, related to such refinancing; (b) such new Indebtedness has a stated maturity no shorter than the date that is 91 days after the Maturity Date and weighted average life to maturity
equal to or greater than that of the Refinanced Indebtedness; (c) such new Indebtedness does not contain any 

  
 20 

 
covenants, events of default or other terms (other than interest rate and redemption premiums) that, on the whole, are materially more onerous to the Borrower and its Subsidiaries than those
imposed by the Refinanced Indebtedness; (d) the stated interest or coupon rate of such new Indebtedness is reasonably acceptable to the Administrative Agent; (e) no Default or Event of Default shall exist at the time of, or result from, the issuance
of such new Indebtedness; (f) if the Refinanced Indebtedness is subordinated in right of payment to the Secured Obligations, such new Indebtedness is subordinated in right of payment to the Secured Obligations at least to the same extent as the
Refinanced Indebtedness; (g) such Indebtedness does not have any scheduled per annum principal amortization prior to the date which is 91 days after the Maturity Date as in effect on the date such Indebtedness is incurred; (h) if such Indebtedness
is senior subordinated Indebtedness, such Indebtedness is expressly subordinate to the payment in full of all of the Secured Obligations on terms and conditions reasonably satisfactory to the Administrative Agent; (i) such Indebtedness does not have
any mandatory prepayment, defeasance, tender, repurchase, sinking fund or redemption provisions (other than customary change of control or asset sale tender offer provisions, in each case to the extent required to be applied first to the Secured
Obligations to the extent required by this Agreement); and (j) in connection with any refinancing of the 2015 Senior Secured2019 Second Lien Indenture Notes, the 2020 Second
Lien Indenture Notes or the Priority Lien Indenture Notes (or any refinancing of any refinancing thereof), any Liens securing any such new Indebtedness shall be subject to the Priority Lien
Intercreditor Agreement or the Second Lien Intercreditor Agreement, as applicable. 

“Person” means any individual, trustee, corporation, general partnership, limited partnership, limited
liability company, joint stock company, trust, unincorporated organization, bank, business association, firm, joint venture or Governmental Authority. 

“Petroleum Industry Standards” shall mean the Definitions for Oil and Gas Reserves promulgated by the Society
of Petroleum Engineers (or any generally recognized successor) as in effect at the time in question. 

“Plan” means any “employee benefit plan” (as such term is defined in Section 3(3) of ERISA)
established by the Borrower or any ERISA Affiliate, or with respect to which the Borrower or any ERISA Affiliate otherwise has liability or contingent liability. 

“Platform” has the meaning set forth in Section 10.2(d). 

“Pledge Agreement” means each Pledge Agreement and Irrevocable Proxy dated as of the Closing Date in favor of
the Pari Passu Collateral Agent for the benefit of the Pari Passu Secured Parties in form and substance satisfactory to the Administrative Agent and the Borrower and each other pledge agreement in substantially the same form delivered in accordance
with this Agreement. 
 “Pledged Note” means each Pledged Note described in a Pledge Agreement pledged to
the Pari Passu Collateral Agent for the benefit of the Pari Passu Secured Parties. 
 “Preferred Stock”
means, with respect to any Person, any and all shares, interests, participations or other equivalents (however designated) of such person’s preferred or preference stock whether now outstanding or issued after the Closing Date, including,
without limitation, all classes and series of preferred or preference stock of such person. 

  
 21 

 “Prior Credit Facility” means the Fourth Amended and Restated
Credit Agreement dated as of November 22, 2013, among Borrower, Bank of Montreal, as administrative agent and as issuing bank and certain lenders party thereto (as amended, modified or supplemented prior to the date hereof). 

“Priority Collateral Agent” has the meaning set forth in the
Priority Lien Intercreditor Agreement. 
 “Priority Lien
Indenture” means that certain Indenture dated as of September 6, 2016 by and among Borrower, as issuer, and the Priority Lien Trustee, as trustee, and one or more Loan Parties, as guarantors, and all related documentation entered into in
connection therewith (excluding Security Documents and the Intercreditor Agreements) pursuant to which the Priority Lien Indenture Notes are issued, as the same may be amended, restated, modified or supplemented from time to time in accordance with
the terms hereof. 
 “Priority Lien Indenture Notes”
means those certain 10% Senior Secured Toggle Notes due 2020 issued by the Borrower on September 6, 2016 under the Priority Lien Indenture. 

“Priority Lien Intercreditor Agreement” references that
certain Amended and Restated Priority Lien Intercreditor Agreement dated as of September 6, 2016 among the Pari Passu Collateral Agent, the Administrative Agent, the Priority Lien Trustee, and acknowledged by the Borrower and the Guarantors, as
amended, restated, supplemented or otherwise modified from time to time. 

“Priority Lien Obligations” has the meaning set forth in the
Priority Lien Intercreditor Agreement. 
 “Priority Lien
Secured Parties” has the meaning set forth in the Priority Lien Intercreditor Agreement. 

“Priority Lien Trustee” shall mean American Stock Transfer
& Trust Company, LLC, as trustee under the Priority Lien Indenture. 
 “Proved Developed Non-Producing
Reserves” shall mean oil and gas reserves that, in accordance with Petroleum Industry Standards, are classified as both “Proved Reserves” and “Developed Non-Producing Reserves.” 

“Proved Developed Producing Reserves” shall mean oil and gas reserves that in accordance with Petroleum
Industry Standards, are classified as both “Proved Reserves” and “Developed Producing Reserves”. 

“Proved Developed Reserves” shall mean oil and gas reserves that, in accordance with Petroleum Industry
Standards, are classified as both “Proved Reserves” and one of the following: (a) “Developed Producing Reserves” or (b) “Developed Non-Producing Reserves.” 

  
 22 

 “Proved Reserves” shall mean oil and gas reserves that, in
accordance with Petroleum Industry Standards, are classified as both “Proved Reserves” and one of the following: (a) “Developed Producing Reserves”, (b) “Developed Non-Producing Reserves” or (c) “Undeveloped
Reserves”. 
 “Probable Undeveloped Reserves” shall
mean oil and gas reserves that, in accordance with Petroleum Industry Standards, are classified as “Probable Reserves” and “Unproved Reserves”; provided that, for purposes of this Agreement, the definition of “Probable
Undeveloped Reserves” shall only include Oil and Gas Properties of the Borrower and the Guarantors that are (a) operated by either the Borrower or a Guarantor and (b) located in the Haynesville shale or Bossier shale formations in Texas and
Louisiana. 
 “PV-9” shall mean, with respect to any Proved
DevelopedReserves or Probable Undeveloped Reserves expected to be produced, the net present value, discounted at 9% per annum, of the future net revenues expected to accrue
to the Borrower’s and the Guarantors’ collective interests in such reserves during the remaining expected economic lives of such reserves, calculated by the Administrative Agent in its sole and absolute discretion; provided that
(a) the PV-9 associated with Proved Developed Non-Producing Reserves shall comprise no more than 25% of total
PV-9.9, and (b) for purposes of calculating the Asset Coverage Ratio under this Agreement or any other Loan Document, PV-9 shall not include the net revenues of any Probable
Undeveloped Reserves.
 “Qualified ECP Obligor” means, in respect of any obligation or liability in
respect of a Hedging Agreement, each Loan Party that has total assets exceeding $10,000,000 at the time the relevant guaranty obligation or other liability or grant of the relevant security interest becomes or would become effective with respect to
such any obligation or liability or such other person as constitutes an “eligible contract participant” under the Commodity Exchange Act or any regulations promulgated thereunder and can cause another person to qualify as an “eligible
contract participant” at such time by entering into a keepwell under section 1a(18)(A)(v)(II) of the Commodity Exchange Act. 

“Register” has the meaning set forth in Section 10.7(b)(ii). 

“Reportable Event” means any of the events set forth in Section 4043(c) of ERISA, other than events for which
the 30-day notice period has been waived. 
 “Reserve Percentage” means, on any day with respect to each
particular Borrowing comprised of LIBO Rate Loans, the maximum reserve requirement as determined by the Administrative Agent (including without limitation any basic, supplemental, marginal, emergency or similar reserves and taking into account any
transitional adjustments or other scheduled changes in reserve requirements), expressed as a percentage, which would then apply under Regulation D with respect to “Eurocurrency liabilities” (as such term is defined in Regulation D) equal
in amount to each Lender’s LIBO Rate Loan in such Borrowing, were such Lender to have any such “Eurocurrency liabilities”. If such reserve requirement shall change after the date hereof, the Reserve Percentage shall be
automatically increased or decreased, as the case may be, from time to time as of the effective time of each such change in such reserve requirement. 

  
 23 

 “Responsible Officer” means the president, chief financial
officer, treasurer or assistant treasurer of a Loan Party. Any document delivered hereunder that is signed by a Responsible Officer of a Loan Party shall be conclusively presumed to have been authorized by all necessary corporate, partnership
and/or other action on the part of such Loan Party and such Responsible Officer shall be conclusively presumed to have acted on behalf of such Loan Party. 

“Restricted Payment” means any dividend or other distribution (whether in cash, securities or other property)
with respect to any equity interest of the Borrower or any Subsidiary, or any payment (whether in cash, securities or other property), including any sinking fund or similar deposit, on account of the purchase, redemption, retirement, acquisition,
cancellation or termination of any such equity interest or of any option, warrant or other right to acquire any such equity interest. 

“Restricted Subsidiary” means (a) each of COGI GP, COGI LP, COGI, COGH and COGLA and (b) each other
Subsidiary of the Borrower that is not designated as an Unrestricted Subsidiary pursuant to Section 1.6. 

“Second Lien Collateral Agent” has the meaning set forth in
the Second Lien Intercreditor Agreement. 
 “Second Lien
Intercreditor Agreement” references that certain Junior Lien Intercreditor Agreement dated as of September 6, 2016 among the Bank of Montreal, as administrative agent for the Priority Lien Secured Parties (defined therein), Bank of Montreal, as
collateral agent for the Second Lien Secured Parties (defined therein), and acknowledged by the Borrower and the Guarantors, as amended, restated, supplemented or otherwise modified from time to time. 

“Second Lien Obligations” has the meaning set forth in the
Second Lien Intercreditor Agreement. 
 “Second Lien
Secured Parties” has the meaning set forth in the Second Lien Intercreditor Agreement. 
 “Secured
Obligations” means, collectively, the Obligations and all Secured Swap Obligations; provided, however, that the definition of “Secured Obligations” shall not create any guarantee by any Loan Party of (or grant of
security interest by any Loan Party to support, as applicable) any Excluded Swap Obligations of such Loan Party for purposes of determining any obligations of any Loan Party. 

“Secured Swap Counterparty” means, with respect to any Hedging Agreement, a counterparty that at the time
such Hedging Agreement is entered into is a Lender or an Affiliate of a Lender (including a Hedging Agreement in existence prior to the date hereof or prior to such person or its Affiliate becoming a Lender); provided that, for the avoidance of
doubt, the term “Lender Provided Hedging Agreement” shall not include any Hedging Agreement or transactions under any Hedging Agreement entered into after the time that such counterparty ceases to be a Lender or an Affiliate of a Lender.

 “Secured Swap Obligations” means all obligations of any Loan Party under any Lender Provided Hedging
Agreement. 

  
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 “Security Agreement” means (a) each Security Agreement dated as
of the Closing Date in favor of the Pari Passu Collateral Agent for the benefit of the Pari Passu Secured Parties in form and substance satisfactory to the Administrative Agent and the Borrower, and (b) each other security agreement (which shall
also be substantially in the form of the agreement referred to in clause (a)) in favor of the Pari Passu Collateral Agent on behalf of the Pari Passu Secured Parties delivered in accordance with this Agreement. 

“Security Documents” means any security agreements, deeds of trust, mortgages, chattel mortgages, pledges,
guaranties, financing statements, continuation statements, extension agreements and other agreements or instruments now, heretofore, or hereafter delivered by any Person to the Pari Passu Collateral Agent or the Administrative Agent in connection
with this Agreement or any transaction contemplated hereby to secure or guarantee the payment of all or any part of the Secured Obligations. 

“Senior Secured Noteholders” means the “Holders”, as defined in the 2015 Senior
Secured2019 Second Lien Notes Indenture.“Senior Secured Trustee” means the
“Trustee”, as defined in the 2015 Senior Secured, the 2020 Second Lien Notes
Indenture. and the Priority Lien Indenture. 

“Subordination Agreement” means the Intercompany Subordination Agreement dated as of the Closing Date in form
and substance satisfactory to the Administrative Agent and the Borrower, as the same may be amended, modified, supplemented or restated from time to time. 

“Subsidiary” of a Person means a corporation, partnership, joint venture, limited liability company or other
business entity of which a majority of the shares of securities or other interests having ordinary voting power for the election of directors or other governing body (other than securities or interests having such power only by reason of the
happening of a contingency) are at the time beneficially owned, or the management of which is otherwise controlled, directly, or indirectly through one or more intermediaries, or both, by such Person. Unless otherwise specified, all references
herein to a “Subsidiary” or to “Subsidiaries” shall refer to a Subsidiary or Subsidiaries of the Borrower. 

“Synthetic Lease Obligation” means the monetary obligation of a Person under (a) a so-called synthetic,
off-balance sheet or tax retention lease, or (b) an agreement for the use or possession of property creating obligations that do not appear on the balance sheet of such Person but which, upon the insolvency or bankruptcy of such Person, would be
characterized as the indebtedness of such Person (without regard to accounting treatment). 

“Trustees” shall mean collectively, the 2019 Second Lien
Trustee, the 2020 Second Lien Trustee and the Priority Lien Trustee, and each individually, a “Trustee”. 

“Type” means with respect to a Loan, its character as a Base Rate Loan or a LIBO Rate Loan. 

“Unreimbursed Amount” has the meaning set forth in Section 2.3(c)(i). 

  
 25 

 “Unrestricted Subsidiary” means each Subsidiary of the Borrower
designated by the Borrower as an Unrestricted Subsidiary in accordance with, and subject to the satisfaction of the conditions set forth in, Section 1.6. 

“Voting Percentage” means, as to any Non-Defaulting Lender, (a) at any time when the Commitments are in
effect, the percentage of all Non-Defaulting Lenders’ Commitment Amounts (including such Non-Defaulting Lender) held by such Non-Defaulting Lender and (b) at any time after the termination of the Commitments, the percentage (carried out to the
ninth decimal place) which (i) the sum of (A) the Outstanding Amount of such Non-Defaulting Lender’s Loans, plus (B) such Non-Defaulting Lender’s Percentage Share of the Outstanding Amount of L/C Obligations, then constitutes of
(ii) the sum of Outstanding Amount of all Non-Defaulting Lenders’ Loans and L/C Obligations (including such Non-Defaulting Lender’s Loans and L/C Obligations). 

SECTION 1.2 Other Interpretive Provisions. 

(a) The meanings of defined terms are equally applicable to the singular and plural forms of the defined terms. 

(b) (i) The words “herein” and “hereunder” and words of similar import when used in any Loan
Document shall refer to such Loan Document as a whole and not to any particular provision thereof. 
 (ii)
Unless otherwise specified herein, Article, Section, Exhibit and Schedule references are to this Agreement. 

(iii) The term “including” is by way of example and not limitation. 

(iv) The term “documents” includes any and all instruments, documents, agreements,
certificates, notices, reports, financial statements and other writings, however evidenced. 
 (c) In the computation of
periods of time from a specified date to a later specified date, the word “from” means “from and including;” the words “to” and “until” each mean “to but
excluding;” and the word “through” means “to and including.” 
 (d) Section
headings herein and the other Loan Documents are included for convenience of reference only and shall not affect the interpretation of this Agreement or any other Loan Document. 

(e) Pronouns in masculine, feminine and neuter genders shall be construed to include any other gender, and words in the
singular form shall be construed to include the plural and vice versa, unless the context otherwise requires. 
 SECTION
1.3 Accounting Terms. All accounting terms not specifically or completely defined herein shall be construed in conformity with, and all financial data required to be submitted pursuant to this Agreement shall be prepared
in conformity with, GAAP applied on a consistent basis, as in effect from time to time, applied in a manner consistent with that used in preparing the Initial Audited Financial Statements, except as otherwise specifically prescribed herein.

  
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 SECTION 1.4 Rounding. Any financial ratios
required to be maintained by the Borrower pursuant to this Agreement shall be calculated by dividing the appropriate component by the other component, carrying the result to one place more than the number of places by which such ratio is expressed
herein and rounding the result up or down to the nearest number (with a rounding-up if there is no nearest number). 

SECTION 1.5 References to Agreements and Laws. Unless otherwise expressly provided herein, (a)
references to agreements (including the Loan Documents) and other contractual instruments shall be deemed to include all subsequent amendments, restatements, extensions, supplements and other modifications thereto, but only to the extent that such
amendments, restatements, extensions, supplements and other modifications are not prohibited by any Loan Document; and (b) references to any Law shall include all statutory and regulatory provisions consolidating, amending, replacing, supplementing
or interpreting such Law. 
 SECTION 1.6 Designation and Conversion of Restricted and Unrestricted
Subsidiaries. 
 (a) Unless designated in writing to the Administrative Agent by the Borrower and approved by the
Administrative Agent and the Majority Lenders in accordance with clause (b) below, any Person that becomes a Subsidiary of the Borrower or any of its Restricted Subsidiaries (whether by formation, acquisition or merger) shall be classified as
a Restricted Subsidiary. 
 (b) Any Subsidiary of the Borrower (including a newly formed or newly acquired Subsidiary),
excluding any Guarantor, may be designated (or redesignated) as an Unrestricted Subsidiary if (i) the Administrative Agent shall have received (1) a written request from the Borrower specifying the applicable Subsidiary and such other information as
the Administrative Agent may reasonably request, (2) the written consent of the Administrative Agent and the Majority Lenders approving such designation, and (3) a certificate of a Responsible Officer of the Borrower certifying that no Default or
Event of Default shall then exist or would result from such designation (after giving effect to such designation), and (ii) such designation is deemed to be an Investment in an amount equal to the fair market value of Borrower’s direct and
indirect ownership interest in such Subsidiary and such Investment would be permitted under Section 7.2 to be made at the time of such designation. Except as provided in this Section 1.6(b), no Subsidiary may be designated (and no
Restricted Subsidiary may be redesignated) as an Unrestricted Subsidiary. 
 (c) If, at any time, any Unrestricted
Subsidiary would fail to meet the requirements for an Unrestricted Subsidiary set forth in Section 6.18, it shall thereafter cease to be an Unrestricted Subsidiary for purposes of this Agreement and any Indebtedness of such Subsidiary shall
be deemed to be incurred by a Restricted Subsidiary of the Borrower as of such date and, if such Indebtedness is not permitted to be incurred as of such date under Section 7.3, the Borrower shall be in default of such covenant. 

(d) Borrower may designate any Unrestricted Subsidiary to be a Restricted Subsidiary if after giving effect to such
designation, (i) the representations and warranties of Borrower and its 

  
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Restricted Subsidiaries contained in each of the Loan Documents are true and correct on and as of such date as if made on and as of the date of such redesignation (or, if stated to have been made
expressly as of an earlier date, were true and correct as of such date), (ii) the designation of any Unrestricted Subsidiary as a Restricted Subsidiary shall constitute the incurrence at the time of designation of any Indebtedness or Liens of such
Subsidiary existing at such time, and the Borrower is in compliance with Sections 7.1 and 7.3 after giving effect to such designation, (iii) no Default or Event of Default then exists or would result from such redesignation (after giving
effect to such redesignation), and (iv) the Borrower complies, or causes such Subsidiary to comply, with the requirements of Sections 6.16 and 6.18. Any such designation shall be evidenced by a certificate of a Responsible Officer
of the Borrower delivered to the Administrative Agent prior to such designation certifying that the conditions of this Section 1.6(c) are satisfied as of the date of such designation (and, as a condition precedent to the effectiveness of any
such designation, the Borrower shall deliver to the Administrative Agent a certificate setting forth in reasonable detail the calculations demonstrating compliance on a pro forma basis with the covenants set forth in Section 7.13). 

(e) No Subsidiary may be designated as an Unrestricted Subsidiary hereunder unless it is also designated as an
“Unrestricted Subsidiary” for purposes of any Indenture Debt Documents and (ii) no Subsidiary designated as an Unrestricted Subsidiary may be designated as a Restricted Subsidiary hereunder unless it is also designated as a
“Restricted Subsidiary” for purposes of any Indenture Debt Documents. 
 ARTICLE II. 

THE COMMITMENTS AND CREDIT EXTENSIONS 

SECTION 2.1 Loans. Subject to the terms and conditions set forth herein, each Lender severally
agrees to make loans (each such loan, a “Loan”) to the Borrower from time to time on any Business Day during the period from the Closing Date to the Maturity Date, in an aggregate amount not to exceed at any time outstanding the
lesser of (x) such Lender’s Percentage Share of the aggregate amount of the Loans requested by the Borrower on such day and (y) such Lender’s Commitment Amount; provided, however, that after giving effect to any borrowing,
(i) the aggregate Outstanding Amount of all Loans and L/C Obligations shall not exceed the Aggregate Commitments on such date, and (ii) the aggregate Outstanding Amount of the Loans of any Lender, plus such Lender’s Percentage Share of
the Outstanding Amount of all L/C Obligations shall not exceed such Lender’s Commitment Amount. Within the limits of each Lender’s Commitment, and subject to the other terms and conditions hereof, the Borrower may borrow under this
Section 2.1, prepay under Section 2.4 and reborrow under this Section 2.1. 
 SECTION
2.2 Borrowings, Conversions and Continuations of Loans. 
 (a) Each Borrowing, each conversion of
Loans from one Type to the other, and each continuation of Loans as the same Type shall be made upon the Borrower’s irrevocable prior written notice to the Administrative Agent in the form of a Notice of Advance. Each such notice must be
received by the Administrative Agent not later than 12:00 p.m., central time, (i) three Business Days prior to the requested date of any Borrowing of, conversion to or continuation of LIBO Rate Loans or of any conversion of LIBO Rate Loans to Base
Rate Loans, and (ii) on the 

  
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requested date of any Borrowing of Base Rate Loans. Each Notice of Advance shall be appropriately completed and signed by a Responsible Officer of the Borrower. Each Borrowing of,
conversion to or continuation of LIBO Rate Loans shall be in a principal amount of $1,000,000 or a whole multiple of $1,000,000 in excess thereof. Each Borrowing of or conversion to Base Rate Loans shall be in a principal amount of $500,000 or
a whole multiple of $100,000 in excess thereof. Each Notice of Advance shall specify (i) whether the Borrower is requesting a Borrowing, a conversion of Loans from one Type to the other, or a continuation of Loans as the same Type, (ii) the
requested date of the Borrowing, conversion or continuation, as the case may be (which shall be a Business Day), (iii) the principal amount of Loans to be borrowed, converted or continued, (iv) the Type of Loans to be borrowed or to which existing
Loans are to be converted, and (v) if applicable, the duration of the Interest Period with respect thereto. If the Borrower fails to specify a Type of Loan in a Notice of Advance or if the Borrower fails to give a timely notice requesting a
conversion or continuation, then the applicable Loans shall be made or continued as, or converted to, Base Rate Loans. Any such automatic conversion to Base Rate Loans shall be effective as of the last day of the Interest Period then in effect
with respect to the applicable LIBO Rate Loans. If the Borrower requests a Borrowing of, conversion to, or continuation of LIBO Rate Loans in any such Notice of Advance, but fails to specify an Interest Period, it will be deemed to have
specified an Interest Period of one month. 
 (b) Following receipt of a Notice of Advance, the Administrative Agent shall
promptly notify each Lender of its Percentage Share of the applicable Loans, and if no timely notice of a conversion or continuation is provided by the Borrower, the Administrative Agent shall notify each Lender of the details of any automatic
conversion to Base Rate Loans described in the preceding subsection. Each Lender shall make the amount of its Loan available to the Administrative Agent in immediately available funds at the Administrative Agent’s Office not later than
2:00 p.m. central time, on the Business Day specified in the applicable Notice of Advance. Upon satisfaction of the applicable conditions set forth in Section 4.2 (and, if such Borrowing is the initial Credit Extension, Section
4.1), the Administrative Agent shall make all funds so received available to the Borrower in like funds as received by the Administrative Agent either by (i) crediting the account of the Borrower on the books of the Administrative Agent with the
amount of such funds or (ii) wire transfer of such funds, in each case in accordance with instructions provided to the Administrative Agent by the Borrower; provided, however, that if, on the date of the Borrowing there are L/C
Borrowings outstanding, then the proceeds of such Borrowing shall be applied, first, to the payment in full of any such L/C Borrowings, and second, to the Borrower as provided above. Unless the Administrative Agent shall have
received prompt notice from a Lender that such Lender will not make available to the Administrative Agent such Lender’s Loans, the Administrative Agent may in its discretion assume that such Lender has made such Loans available to the
Administrative Agent in accordance with this section and the Administrative Agent may if it chooses, in reliance upon such assumption, make such Loan available to the Borrower. If and to the extent such Lender shall not so make its Loan
available to the Administrative Agent, such Lender and the Borrower severally agree to pay or repay to the Administrative Agent within two Business Days after demand the amount of such Loan together with interest thereon, for each day from the date
such amount is made available to the Borrower until the date such amount is paid or repaid to the Administrative Agent, to be calculated as to such Lender at the Federal Funds Rate, and to be calculated as to the Borrower at the interest rate
applicable at the time to the other Loans made on such date. If any Lender fails to make such payment to the Administrative Agent within such two Business Day period, such Lender shall in 

  
 29 

 
addition to such amount pay interest thereon, for each day from the date such Loan is made available to the Borrower until the date such amount is paid or repaid to the Administrative Agent, at
the interest rate applicable at the time to the other Loans made on such date. The failure of any Lender to make any Loan to be made by it hereunder shall not relieve any other Lender of its obligation hereunder, if any, to make its Loan, but
no Lender shall be responsible for the failure of any other Lender to make any Loan to be made by such other Lender. 
 (c)
Except as otherwise provided herein, a LIBO Rate Loan may be continued or converted only on the last day of the Interest Period for such LIBO Rate Loan. During the existence of a Default, or Event of Default, no Loans may be requested as,
converted to or continued as LIBO Rate Loans. 
 (d) The Administrative Agent shall promptly notify the Borrower and the
Lenders of the interest rate applicable to any LIBO Rate Loan upon determination of such interest rate. The determination of the LIBO Rate by the Administrative Agent shall be conclusive in the absence of manifest error. The Administrative
Agent shall notify the Borrower and the Lenders of any change in Administrative Agent’s prime rate used in determining the Base Rate promptly following the public announcement of such change. 

(e) After giving effect to all Borrowings, all conversions of Loans from one Type to the other, and all continuations of
Loans as the same Type, there shall not be more than ten (10) LIBO Interest Periods in effect with respect to Loans. 

SECTION 2.3 Letters of Credit. 

(a) The Letter of Credit Commitment. 

(i) Subject to the terms and conditions set forth herein, (A) the Issuing Bank agrees, in reliance upon the
agreements of the other Lenders set forth in this Section 2.3, (1) from time to time on any Business Day during the period from the Closing Date until the Letter of Credit Availability Expiration Date, to issue Letters of Credit for the
account of the Borrower and in the name of the Borrower or any of its Restricted Subsidiaries, and to amend or renew Letters of Credit previously issued by it, in accordance with Section 2.3(b) below, and (2) to honor drafts under the Letters
of Credit; and (B) the Lenders severally agree to participate in Letters of Credit issued for the account of the Borrower; provided that the Issuing Bank shall not be obligated to make any L/C Credit Extension with respect to any Letter of
Credit, and no Lender shall be obligated to participate in, any Letter of Credit if as of the date of such L/C Credit Extension, (w) with respect to any renewal, extension or amendment to any previously issued Letter of Credit, the Restricted
Subsidiary in whose name such Letter of Credit was originally issued (or was most recently renewed, extended or amended, if applicable) has become, or been redesignated as, an Unrestricted Subsidiary, (x) the Outstanding Amount of all L/C
Obligations and all Loans would exceed the Aggregate Commitments on such date, (y) the aggregate Outstanding Amount of the Loans of any Lender, plus such Lender’s Percentage Share of the Outstanding Amount of all L/C Obligations would
exceed such Lender’s Commitment Amount, or (z) the Outstanding Amount of the L/C Obligations would exceed the Letter of Credit Sublimit. Within the foregoing limits, and subject to the terms and conditions

  
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hereof, the Borrower’s ability to obtain Letters of Credit shall be fully revolving, and accordingly the Borrower may, during the foregoing period, obtain Letters of Credit to replace
Letters of Credit that have expired or that have been drawn upon and reimbursed. 
 (ii) The Issuing Bank
shall be under no obligation to issue any Letter of Credit if: 
 (A) the expiry date of such requested
Letter of Credit would occur more than twelve months after the date of issuance or last renewal, unless the Majority Lenders acting in their sole discretion have approved in writing such expiry date; 

(B) the expiry date of such requested Letter of Credit would occur after the Letter of Credit Availability
Expiration Date, unless all the Lenders acting in their sole discretion have approved in writing such expiry date; 

(C) the issuance of such Letter of Credit would violate one or more policies of the Issuing Bank; 

(D) such Letter of Credit is in a face amount less than $100,000, or denominated in a currency other than
Dollars, unless all the Lenders acting in their sole discretion have approved in writing the issuance of Letters of Credit denominated in a currency other than Dollars; or 

(E) such Letter of Credit is to be used directly or indirectly to assure payment of or otherwise support any
Person’s Indebtedness for borrowed money; 
 (F) the issuance of such Letter of Credit is not in
compliance with all applicable governmental restrictions, policies, and guidelines (whether or not having the force of law) or it subjects the Issuing Bank to any cost not anticipated by the Issuing Bank on the date hereof; 

(G) the form and terms of such Letter of Credit are not acceptable to the Administrative Agent and Issuing Bank
in their sole and absolute discretion; and 
 (H) any other condition in this Agreement to the issuance of
such Letter of Credit has not been satisfied. 
 (iii) The Issuing Bank shall be under no obligation to amend
any Letter of Credit if (A) the Issuing Bank would have no obligation at such time to issue such Letter of Credit in its amended form under the terms hereof, or (B) the beneficiary of such Letter of Credit does not accept the proposed amendment to
such Letter of Credit. 
 (b) Procedures for Issuance and Amendment of Letters of Credit. 

(i) Each Letter of Credit shall be issued or amended, as the case may be, upon the request of the Borrower
delivered to the Issuing Bank (with a copy to the Administrative Agent) in the form of a Letter of Credit Application, appropriately completed and signed by a Responsible Officer of the Borrower. Such Letter of Credit

  
 31 

 
Application must be received by the Issuing Bank and the Administrative Agent not later than 12:00 p.m., central time at least two Business Days (or such later date and time as the Issuing Bank
may agree in a particular instance in its sole discretion) prior to the proposed issuance date or date of amendment, as the case may be. In the case of a request for an initial issuance of a Letter of Credit, such Letter of Credit Application
shall specify in form and detail satisfactory to the Issuing Bank: (A) the proposed issuance date of the requested Letter of Credit (which shall be a Business Day); (B) the amount thereof; (C) the expiry date thereof; (D) the name and address of the
beneficiary thereof; (E) the documents to be presented by such beneficiary in case of any drawing thereunder; (F) the full text of any certificate to be presented by such beneficiary in case of any drawing thereunder; and (G) such other matters as
the Issuing Bank may require. In the case of a request for an amendment of any outstanding Letter of Credit, such Letter of Credit Application shall specify in form and detail satisfactory to the Issuing Bank (w) the Letter of Credit to be
amended; (x) the proposed date of amendment thereof (which shall be a Business Day); (y) the nature of the proposed amendment; and (z) such other matters as the Issuing Bank may require. 

(ii) Promptly after receipt of any Letter of Credit Application, the Issuing Bank will confirm with the
Administrative Agent (by telephone or in writing) that the Administrative Agent has received a copy of such Letter of Credit Application from the Borrower and, if not, the Issuing Bank will provide the Administrative Agent with a copy
thereof. Upon receipt by the Issuing Bank of confirmation from the Administrative Agent that the requested issuance or amendment is permitted in accordance with the terms hereof, then, subject to the terms and conditions hereof, the Issuing
Bank shall, on the requested date, issue a Letter of Credit for the account of the Borrower or enter into the applicable amendment, as the case may be, in each case in accordance with the Issuing Bank’s usual and customary business
practices. Immediately upon the issuance of each Letter of Credit, each Lender shall be deemed to, and hereby irrevocably and unconditionally agrees to and hereby does, purchase from the Issuing Bank a participation in such Letter of Credit in
an amount equal to the product of such Lender’s Percentage Share times the amount of such Letter of Credit. 

(c) Drawings and Reimbursements; Funding of Participations. 

(i) Upon any drawing under any Letter of Credit, the Issuing Bank shall notify the Borrower and the
Administrative Agent thereof. Not later than 12:00 p.m., central time, on the date of any payment by the Issuing Bank under a Letter of Credit (each such date, an “Honor Date”), the Borrower shall reimburse the Issuing Bank
through the Administrative Agent in an amount equal to the amount of such drawing. If the Borrower fails to so reimburse the Issuing Bank by such time, the Administrative Agent shall promptly notify each Lender of the Honor Date, the amount of
the unreimbursed drawing (the “Unreimbursed Amount”), and such Lender’s Percentage Share thereof. In such event, the Borrower shall be deemed to have requested a Borrowing of Base Rate Loans to be disbursed on the
Honor Date in an amount equal to the Unreimbursed Amount, without regard to the minimum and multiples specified in Section 2.2 for the principal amount of Base Rate Loans, but subject to the amount of the unutilized portion of the Aggregate
Commitments in effect and the conditions set forth in Section 4.2 (other than the delivery 

  
 32 

 
of a Notice of Advance). Any notice given by the Issuing Bank or the Administrative Agent pursuant to this Section 2.3(c)(i) may be given by telephone if immediately confirmed in
writing; provided that the lack of such an immediate confirmation shall not affect the conclusiveness or binding effect of such notice. 

(ii) Each Lender (including the Lender acting as Issuing Bank) shall upon any notice from the Administrative
Agent pursuant to Section 2.3(c)(i) make funds available to the Administrative Agent for the account of the Issuing Bank at the Administrative Agent’s Office in an amount equal to such Lender’s Percentage Share of the Unreimbursed
Amount not later than 1:00 p.m., central time, on the Business Day specified in such notice by the Administrative Agent, whereupon, subject to the provisions of Section 2.3(c)(iii), each Lender that so makes funds available shall be deemed to
have made a Base Rate Loan to the Borrower in such amount. The Administrative Agent shall remit the funds so received to the Issuing Bank. 

(iii) With respect to any Unreimbursed Amount that is not fully refinanced by a Borrowing of Base Rate Loans
because the conditions set forth in Section 4.2 cannot be satisfied or for any other reason, the Borrower shall be deemed to have incurred from the Issuing Bank an L/C Borrowing in the amount of the Unreimbursed Amount that is not so
refinanced, which L/C Borrowing shall be due and payable on demand (together with interest) and shall bear interest at the Default Rate. In such event, each Lender’s payment to the Administrative Agent for the account of the Issuing Bank
pursuant to Section 2.3(c)(ii) shall be deemed payment in respect of its participation in such L/C Borrowing and shall constitute an L/C Advance from such Lender in satisfaction of its participation obligation under this Section
2.3(c). 
 (iv) Until each Lender funds its Loan or L/C Advance pursuant to this Section 2.3(c) to
reimburse the Issuing Bank for any amount drawn under any Letter of Credit, interest in respect of such Lender’s Percentage Share of such amount shall be solely for the account of the Issuing Bank. 

(v) Each Lender’s obligation to make Loans or L/C Advances to reimburse the Issuing Bank for amounts drawn
under Letters of Credit, as contemplated by this Section 2.3(c), shall be absolute and unconditional and shall not be affected by any circumstance, including (A) any set-off, counterclaim, recoupment, defense or other right which such Lender
may have against the Issuing Bank, the Borrower or any other Person for any reason whatsoever; (B) the occurrence or continuance of a Default or Event of Default, or (C) any other occurrence, event or condition, whether or not similar to any of the
foregoing. Any such reimbursement shall not relieve or otherwise impair the obligation of the Borrower to reimburse the Issuing Bank for the amount of any payment made by the Issuing Bank under any Letter of Credit, together with interest as
provided herein. 
 (vi) If any Lender fails to make available to the Administrative Agent for the account of
the Issuing Bank any amount required to be paid by such Lender pursuant to the foregoing provisions of this Section 2.3(c) by the time specified in Section 2.3(c)(ii), the Issuing Bank shall be entitled to recover from such Lender
(acting through the Administrative Agent), on demand, such amount with interest thereon for the period from 

  
 33 

 
the date such payment is required to the date on which such payment is immediately available to the Issuing Bank at a rate per annum equal to (1) for the first two Business Days immediately
following the date such payment is required, the Federal Funds Rate from time to time in effect, and (2) for each day thereafter, the Base Rate from time to time in effect. A certificate of the Issuing Bank submitted to any Lender (through the
Administrative Agent) with respect to any amounts owing under this clause (vi) shall be conclusive absent manifest error. 

(d) Repayment of Participations. 

(i) At any time after the Issuing Bank has made a payment under any Letter of Credit and has received from any
Lender such Lender’s L/C Advance in respect of such payment in accordance with Section 2.3(c), if the Administrative Agent receives for the account of the Issuing Bank any payment related to such Letter of Credit (whether directly from
the Borrower or otherwise, including proceeds of Cash Collateral applied thereto by the Administrative Agent), or any payment of interest thereon, the Administrative Agent will distribute to such Lender its Percentage Share thereof in the same funds
as those received by the Administrative Agent. 
 (ii) If any payment received by the Administrative Agent
for the account of the Issuing Bank pursuant to Section 2.3(c) is required to be returned, each Lender shall pay to the Administrative Agent for the account of the Issuing Bank its Percentage Share thereof on demand of the Administrative
Agent, plus interest thereon from the date of such demand to the date such amount is returned by such Lender, at a rate per annum equal to (1) with respect to the first two Business Days immediately following such demand, the Federal Funds
Rate from time to time in effect, and (2) with respect to each day thereafter, the Base Rate from time to time in effect. 

(e) Obligations Absolute. The obligation of the Borrower to reimburse the Issuing Bank for each drawing under each
Letter of Credit, and to repay each L/C Borrowing and each drawing under a Letter of Credit that is refinanced by a Borrowing of Loans, shall be absolute, unconditional and irrevocable, and shall be paid strictly in accordance with the terms of this
Agreement under all circumstances, including the following: 
 (i) any lack of validity or enforceability of
such Letter of Credit, this Agreement, or any other agreement or instrument relating thereto; 
 (ii) the
existence of any claim, counterclaim, set-off, defense or other right that the Borrower may have at any time against any beneficiary or any transferee of such Letter of Credit (or any Person for whom any such beneficiary or any such transferee may
be acting), the Issuing Bank or any other Person, whether in connection with this Agreement, the transactions contemplated hereby or by such Letter of Credit or any agreement or instrument relating thereto, or any unrelated transaction; 

(iii) any draft, demand, certificate or other document presented under such Letter of Credit proving to be
forged, fraudulent, invalid or insufficient in any respect or any statement therein being untrue or inaccurate in any respect; or any loss or delay in the transmission or otherwise of any document required in order to make a drawing under such
Letter of Credit; 

  
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 (iv) any payment by the Issuing Bank under such Letter of Credit
against presentation of a draft or certificate that does not strictly comply with the terms of such Letter of Credit; or any payment made by the Issuing Bank under such Letter of Credit to any Person purporting to be a trustee in bankruptcy,
debtor-in-possession, assignee for the benefit of creditors, liquidator, receiver or other representative of or successor to any beneficiary or any transferee of such Letter of Credit, including any arising in connection with any proceeding under
any Debtor Relief Law; or 
 (v) any other circumstance or happening whatsoever, whether or not similar to
any of the foregoing, including any other circumstance that might otherwise constitute a defense available to, or a discharge of, the Borrower. 

The Borrower shall promptly examine a copy of each Letter of Credit and each amendment thereto that is
delivered to it and, in the event of any claim of noncompliance with the Borrower’s instructions or other irregularity, the Borrower will promptly notify the Issuing Bank. The Borrower shall be conclusively deemed to have waived any such
claim against the Issuing Bank and its correspondents unless such notice is given as aforesaid. 
 (f) Role of Issuing
Bank; Indemnity. Each Lender and the Borrower agree that, in paying any drawing under a Letter of Credit, the Issuing Bank shall not have any responsibility to obtain any document (other than any sight draft, certificates and documents
expressly required by the Letter of Credit) or to ascertain or inquire as to the validity or accuracy of any such document or the authority of the Person executing or delivering any such document. No Agent-Related Person nor any of the respective
correspondents, participants or assignees of the Issuing Bank shall be liable to any Lender for (i) any action taken or omitted in connection herewith at the request or with the approval of the Lenders or the Majority Lenders, as applicable; (ii)
any action taken or omitted in the absence of gross negligence or willful misconduct; or (iii) the due execution, effectiveness, validity or enforceability of any document or instrument related to any Letter of Credit or Letter of Credit
Application. The Borrower hereby assumes all risks of the acts or omissions of any beneficiary or transferee with respect to its use of any Letter of Credit. No Agent-Related Person, nor any of the respective correspondents, participants or
assignees of the Issuing Bank, shall be liable or responsible for any of the matters described in clauses (i) through (v) of Section 2.3(e). The Borrower agrees to hold Issuing Bank and each Lender harmless and indemnified
against any liability or claim in connection with or arising out of the subject matter of this section, WHICH INDEMNITY SHALL APPLY WHETHER OR NOT ANY SUCH LIABILITY OR CLAIM IS IN ANY WAY OR TO ANY EXTENT CAUSED, IN WHOLE OR IN PART, BY ANY
NEGLIGENT ACT OR OMISSION OF ANY KIND BY ISSUING BANK OR ANY LENDER, provided only that the Issuing Bank or such Lender shall not be entitled to indemnification for that portion, if any, of any liability or claim which is proximately caused
by its own individual gross negligence or willful misconduct as determined in a final judgment. In furtherance and not in limitation of the foregoing, the Issuing Bank may accept documents that appear on their face to be in order, without
responsibility for further investigation, regardless of any notice or information to the contrary, and the Issuing Bank shall not be responsible for the 

  
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validity or sufficiency of any instrument transferring or assigning or purporting to transfer or assign a Letter of Credit or the rights or benefits thereunder or proceeds thereof, in whole or in
part, which may prove to be invalid or ineffective for any reason. If any Letter of Credit provides that it is transferable, the Issuing Bank shall have no duty to determine the proper identity of anyone appearing as transferee of such Letter
of Credit, nor shall the Issuing Bank be charged with responsibility of any nature or character for the validity or correctness of any transfer or successive transfers, and payment by the Issuing Bank to any purported transferee or transferees as
determined by the Issuing Bank is hereby authorized and approved, and the Borrower further agrees to hold the Issuing Bank and each Lender harmless and indemnified against any liability or claim in connection with or arising out of the foregoing,
WHICH INDEMNITY SHALL APPLY WHETHER OR NOT ANY SUCH LIABILITY OR CLAIM IS IN ANY WAY OR TO ANY EXTENT CAUSED, IN WHOLE OR IN PART, BY ANY NEGLIGENT ACT OR OMISSION OF ANY KIND BY THE ISSUING BANK OR ANY LENDER, provided only that the Issuing
Bank or such Lender shall not be entitled to indemnification for that portion, if any, of any liability or claim which is caused by its own individual gross negligence or willful misconduct as determined by a court of competent jurisdiction by a
final and non-appealable judgementjudgment. All of Borrower’s Obligations under this Section 2.3.6 shall survive termination of the Commitments or of
this Agreement and repayment in full of the Obligations. 
 (g) Applicability of ISP98 and UCP. Unless otherwise
expressly agreed by the Issuing Bank and the Borrower when a Letter of Credit is issued, (i) the rules of the “International Standby Practices 1998” published by the Institute of International Banking Law & Practice (or such later
version thereof as may be in effect at the time of issuance) shall apply to each standby Letter of Credit, and (ii) the rules of the Uniform Customs and Practice for Documentary Credits, as most recently published by the International Chamber of
Commerce (the “ICC”) at the time of issuance (including the ICC decision published by the Commission on Banking Technique and Practice on April 6, 1998 regarding the European single currency (euro)) shall apply to each commercial
Letter of Credit. 
 (h) Letter of Credit Fees. The Borrower shall pay to the Administrative Agent for the
account of each Lender in accordance with its Percentage Share a Letter of Credit fee for each Letter of Credit equal to the LIBOR Spread then in effect with respect to Loans after giving effect to the L/C Obligations incurred with respect to such
Letter of Credit times the actual daily maximum amount available to be drawn under such Letter of Credit. Such fee for each Letter of Credit shall be due and payable on the last Business Day of each March, June, September and December,
commencing with the first such date to occur after the issuance of such Letter of Credit, and on the Letter of Credit Availability Expiration Date. If there is any change in the LIBOR Spread during any quarter, the actual daily amount of each
Letter of Credit shall be computed and multiplied by the LIBOR Spread with respect to Letters of Credit separately for each period during such quarter that such LIBOR Spread was in effect. 

(i) Letter of Credit Fronting Fee and Documentary and Processing Charges Payable to Issuing Bank. The Borrower
shall pay directly to the Issuing Bank for its own account a fronting fee in an amount equal to 0.1875% per annum on the daily maximum amount available to be drawn thereunder, due and payable quarterly in arrears on the last Business Day of each
March, June, September and December, commencing with the first such date to occur after the issuance of such Letter of Credit, and on the Letter of Credit Availability Expiration Date; provided that all such

  
 36 

 
fees shall be payable on the date on which the Commitments terminate and any such fees accruing after the date on which the Commitments terminate shall be payable on demand. In addition, the
Borrower shall pay directly to the Issuing Bank for its own account the customary issuance, presentation, amendment and other processing fees, and other standard costs and charges, of the Issuing Bank relating to letters of credit as from time to
time in effect. Such fees and charges are due and payable on demand and are nonrefundable. All participation fees and fronting fees shall be computed on the basis of a year of 360 days and shall be payable for the actual number of days
elapsed (including the first day but excluding the last day). 
 (j) Conflict with Letter of Credit
Application. In the event of any conflict between the terms hereof and the terms of any Letter of Credit Application, the terms hereof shall control. 

(k) L/C Collateral. 

(i) L/C Obligations in Excess of Indebtedness Permitted by Asset Coverage Ratio. (i) If, after the
making of all mandatory prepayments required under Section 2.4(b), the Borrower is not in compliance with the Asset Coverage Ratio, then the Borrower will immediately pay to the Issuing Bank an amount in cash equal to 105% of any L/C
Obligations outstanding (excluding L/C Obligations secured by cash collateral pursuant to this Section 2.3(k)) required to be in compliance with the Asset Coverage Ratio, or (ii) should any L/C Obligations remain outstanding on the Maturity
Date, then the Borrower will immediately pay the Issuing Bank an amount in cash equal to 105% of the aggregate amount of such Issuing Bank’s L/C Obligations. The Issuing Bank will hold such amount as security for the remaining L/C
Obligations (“L/C Collateral”) until such L/C Obligations become Matured L/C Obligations, at which time such L/C Collateral may be applied to such Matured L/C Obligations. Neither this subsection nor the following subsection
shall, however, limit or impair any rights which the Issuing Bank may have under any other document or agreement relating to any Letter of Credit or L/C Obligation, including any Letter of Credit Application, or any rights which the Issuing Bank or
Lenders may have to otherwise apply any payments by the Borrower and L/C Collateral under Section 2.3(k). 

(ii) Acceleration of L/C Obligations. If the Obligations or any part thereof become immediately due
and payable pursuant to Section 8.2 then, unless the Majority Lenders otherwise specifically elect to the contrary (which election may thereafter be retracted by the Majority Lenders at any time), all L/C Obligations shall become immediately
due and payable without regard to whether or not actual drawings or payments on the Letters of Credit have occurred, and the Borrower shall be obligated to pay to the Issuing Bank immediately an amount equal to 105% of the aggregate L/C Obligations
which are then outstanding. All amounts so paid shall first be applied to Matured L/C Obligations and then held by the Issuing Bank as L/C Collateral until such L/C Obligations become Matured L/C Obligations, at which time such L/C Collateral
shall be applied to such Matured L/C Obligations. 
 (iii) Investment of L/C Collateral. Pending
application thereof, all L/C Collateral shall be invested by the Issuing Bank in such blocked account as the Issuing Bank may choose in its sole discretion reasonably exercised. All interest on such

  
 37 

 
investments shall be reinvested or applied to Matured L/C Obligations. When all Obligations have been satisfied in full, including all L/C Obligations, all Letters of Credit have expired or
been terminated, and all of the Borrower’s reimbursement obligations in connection therewith have been satisfied in full, the Issuing Bank shall release any remaining L/C Collateral. The Borrower hereby assigns and grants to the Issuing
Bank a continuing security interest in all L/C Collateral paid by it to the Issuing Bank, all investments purchased with such L/C Collateral, and all proceeds thereof to secure its Matured L/C Obligations and its Obligations under this Agreement,
the Notes, and the other Loan Documents, and the Borrower agrees that such L/C Collateral and investments shall be subject to all of the terms and conditions of the Borrower’s Security Agreement. The Borrower further agrees that the
Issuing Bank shall have all of the rights and remedies of a secured party under the Uniform Commercial Code as adopted in the State of New York with respect to such security interest and that an Event of Default under this Agreement shall constitute
a default for purposes of such security interest. 
 (iv) Calculations. A written advice setting
forth in reasonable detail the amounts owing under this section, submitted by the Issuing Bank to the Borrower or any Lender from time to time, shall be conclusive, absent manifest error, as to the amounts thereof. 

SECTION 2.4 Prepayments. 

(a) Voluntary Prepayments. The Borrower may, upon notice to the Administrative Agent, at any time or from time to
time voluntarily prepay Loans in whole or in part without premium or penalty; provided that (i) such notice must be received by the Administrative Agent not later than 12:00 p.m., central time, (A) three Business Days prior to any date of
prepayment of LIBO Rate Loans, and (B) on the date of prepayment of Base Rate Loans; (ii) any prepayment of LIBO Rate Loans shall be in a principal amount of $1,000,000 or a whole multiple of $1,000,000 in excess thereof; and (iii) any prepayment of
Base Rate Loans shall be in a principal amount of $500,000 or a whole multiple of $100,000 in excess thereof. Each such notice shall specify the date and amount of such prepayment and the Type(s) of Loans to be prepaid. The Administrative
Agent will promptly notify each Lender of its receipt of each such notice, and of such Lender’s Percentage Share of such prepayment. If such notice is given by the Borrower, the Borrower shall make such prepayment and the payment amount
specified in such notice shall be due and payable on the date specified therein. Any prepayment of a LIBO Rate Loan shall be accompanied by all accrued interest thereon, together with any additional amounts required pursuant to Section
3.5. Each such prepayment shall be applied to the Loans of the Lenders in accordance with their respective Percentage Shares, provided that at the Borrower’s election in connection with any prepayment pursuant to this Section
2.4(a), such prepayment shall not be applied to any Loans of a Defaulting Lender. 
 (b) Mandatory
Prepayments. The Borrower shall make the following prepayments of the Loans: 
 (i) Asset
Coverage Ratio Deficiency. If, at any time, the Borrower is not in compliance with the Asset Coverage RatioSection 7.13(b), the Borrower shall immediately prepay
the Borrowings in an aggregate principal amount equal to an amount necessary to be in compliance, and, to the extent necessary to be in compliance, Cash Collateralize the L/C Obligations as provided in Section 2.3(k). 

(ii) Mandatory Prepayments. If for any reason the Outstanding Amount of all Loans and L/C
Obligations at any time exceeds the Aggregate Commitments then in effect, the Borrower shall first immediately prepay Loans and second following repayment of the Loans, Cash Collateralize the L/C Obligations in an aggregate amount equal to 105% of
such excess as provided in Section 2.3(k). 

  
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 SECTION 2.5 Reduction or Termination of Commitments and
Maximum Loan Amount. The Borrower may, upon notice to the Administrative Agent, terminate the Aggregate Commitments and the Maximum Loan Amount, or permanently reduce the Aggregate Commitments and the Maximum Loan Amount to an amount not
less than the then Outstanding Amount of all Loans and L/C Obligations; provided that (i) any such notice shall be received by the Administrative Agent not later than 12:00p.m., central time three (3) Business Days prior to the date of
termination or reduction, and (ii) any such partial reduction shall be in an aggregate amount of $5,000,000 or any whole multiple of $1,000,000 in excess thereof. The Administrative Agent shall promptly notify the Lenders of any such notice of
reduction or termination of the Aggregate Commitments and the Maximum Loan Amount. Once reduced in accordance with this Section, the Commitments may not be increased. Any reduction of the Aggregate Commitments shall be applied to the
Commitment Amount of each Lender according to its Percentage Share. All commitment fees accrued until the effective date of any termination of the Aggregate Commitments shall be paid on the effective date of such termination. 

SECTION 2.6 Repayment of Loans. The Borrower hereby promises to repay to the Lenders on the
Maturity Date the aggregate principal amount of Loans outstanding on such date. 
 SECTION
2.7 Interest. 
 (a) Subject to the provisions of subsection(b) below, (i) each LIBO Rate Loan
shall bear interest on the outstanding principal amount thereof for each Interest Period at a rate per annum equal to the Adjusted LIBO Rate for such Interest Period plus the LIBOR Spread; and (ii) each Base Rate Loan shall bear interest on
the outstanding principal amount thereof from the applicable borrowing date at a rate per annum equal to the Base Rate plus the Base Rate Spread. 

(b) While any Default or Event of Default exists or after acceleration, the Borrower shall pay interest on the principal
amount of all outstanding Obligations at a fluctuating interest rate per annum at all times equal to the Default Rate to the fullest extent permitted by applicable Law. Accrued and unpaid interest on past due amounts (including interest on past
due interest) shall be due and payable upon demand. 
 (c) Interest on each Loan shall be due and payable in arrears on each
Interest Payment Date applicable thereto and at such other times as may be specified herein. Interest hereunder shall be due and payable in accordance with the terms hereof before and after judgment, and before and after the commencement of any
proceeding under any Debtor Relief Law. 

  
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 SECTION 2.8 Fees. In addition to certain fees
described in Sections 2.3(h) and 2.3(i): 
 (a) Commitment Fee. The Borrower shall pay to the
Administrative Agent for the account of each Lender in accordance with its Percentage Share, a commitment fee equal to the Commitment Fee Rate times the actual daily amount by which the Aggregate Commitments exceed the sum of (i) the
Outstanding Amount of Loans and (ii) the Outstanding Amount of L/C Obligations. The commitment fee shall accrue at all times from the Closing Date until the Maturity Date and shall be due and payable quarterly in arrears on the last Business
Day of each March, June, September and December, commencing with the first such date to occur after the Closing Date, and on the Maturity Date. The commitment fee shall be calculated quarterly in arrears, and if there is any change in the
Commitment Fee Rate with respect to commitment fees during any quarter, the actual daily amount shall be computed and multiplied by the Commitment Fee Rate with respect to commitment fees separately for each period during such quarter that such
Commitment Fee Rate was in effect. The commitment fee shall accrue at all times, including at any time during which one or more of the conditions in Article IV is not met. 

(b) Arrangement and Agency Fees. The Borrower shall pay an arrangement fee to the Arranger for the Arranger’s
own account, and shall pay an agency fee to the Administrative Agent for the Administrative Agent’s own account, in the amounts and at the times specified in the letter agreement, dated February 25, 2015 (the “Agent and Arranger Fee
Letter”), among the Borrower, the Arranger and the Administrative Agent. Such fees shall be fully earned when paid and shall be nonrefundable for any reason whatsoever. 

SECTION 2.9 Computation of Interest and Fees. Computation of interest on Base Rate Loans and
commitment fees shall be calculated on the basis of a year of 365 or 366 days, as the case may be, and the actual number of days elapsed. Computation of all other types of interest and all fees shall be calculated on the basis of a year of 360
days and the actual number of days elapsed, which results in a higher yield to the payee thereof than a method based on a year of 365 or 366 days. Interest shall accrue on each Loan for the day on which the Loan is made, and shall not accrue on
a Loan, or any portion thereof, for the day on which the Loan or such portion is paid, provided that any Loan that is repaid on the same day on which it is made shall bear interest for one day. 

SECTION 2.10 Notes and Other Evidence of Debt. 

(a) Each Lender may record the date, Type (if applicable), amount and maturity of the applicable Loans and payments with
respect thereto on one or more accounts or records maintained by such Lender and by the Administrative Agent in the ordinary course of business or on one or more schedules to its Note (if applicable). The accounts or records maintained by the
Administrative Agent and each Lender shall be conclusive absent manifest error of the amount of the Credit Extensions made by the Lenders to the Borrower and the interest and payments thereon. Any failure so to record or any error in doing so
shall not, however, limit or otherwise affect the obligation of the Borrower hereunder to pay any amount owing with respect to the Loans and L/C Obligations. 

(b) If requested by a Lender, the obligation of the Borrower to repay to such Lender the aggregate amount of all Loans made by
such Lender, together with interest accruing in connection therewith, shall be evidenced by a single Note made by the Borrower in the amount of such Lender’s Commitment Amount payable to the order of such Lender, which Note shall be
substantially in the form of Exhibit B with appropriate insertions. 
 (c) In addition to the accounts and records
referred to in subsection (a), each Lender and the Administrative Agent shall maintain in accordance with its usual practice accounts or records evidencing the purchases and sales by such Lender of participations in Letters of Credit. In
the event of any conflict between the accounts and records maintained by the Administrative Agent and the accounts and records of any Lender in respect of such matters, the accounts and records of the Administrative Agent shall control. 

  
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 SECTION 2.11 Payments Generally. 

(a) All payments to be made by the Borrower shall be made without condition or deduction for any counterclaim, defense,
recoupment or setoff. Except as otherwise expressly provided herein, all payments by the Borrower hereunder shall be made to the Administrative Agent, for the account of the respective Lenders to which such payment is owed, at the
Administrative Agent’s Office in Dollars and in immediately available funds not later than 12:00noon, central time, on the date specified herein. The Administrative Agent will promptly distribute to each Lender its Percentage Share (or
other applicable share as provided herein) of such payment in like funds as received by wire transfer to such Lender’s Lending Office. All payments received by the Administrative Agent after 12:00noon, central time, shall be deemed
received on the next succeeding Business Day and any applicable interest or fee shall continue to accrue. 
 (b) Subject to
the definition of “Interest Period,” if any payment to be made by the Borrower shall come due on a day other than a Business Day, payment shall be made on the next following Business Day, and such extension of time shall be reflected in
computing interest or fees, as the case may be. 
 (c) Unless the Borrower or any Lender has notified the Administrative
Agent prior to the date any payment is required to be made by it to the Administrative Agent hereunder, that the Borrower or such Lender, as the case may be, will not make such payment, the Administrative Agent may assume that the Borrower or such
Lender, as the case may be, has timely made such payment and may (but shall not be so required to), in reliance thereon, make available a corresponding amount to the Person entitled thereto. If and to the extent that such payment was not in
fact made to the Administrative Agent in immediately available funds, then: 
 (i) if the Borrower failed to
make such payment, each Lender shall forthwith on demand repay to the Administrative Agent the portion of such assumed payment that was made available to such Lender in immediately available funds, together with interest thereon (1) in respect of
each of the first two Business Days from and including the date such amount was made available by the Administrative Agent to such Lender to the date such amount is repaid to the Administrative Agent in immediately available funds, at the Federal
Funds Rate from time to time in effect, and (2) in respect of each day after the first two Business Days from and including the date such amount was made available by the Administrative Agent to such Lender to the date such amount is repaid to the
Administrative Agent in immediately available funds, at the Base Rate from time to time in effect; and 

  
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 (ii) if any Lender failed to make such payment, such Lender shall
forthwith on demand pay to the Administrative Agent the amount thereof in immediately available funds, together with interest thereon for the period from the date such amount was made available by the Administrative Agent to the Borrower to the date
such amount is recovered by the Administrative Agent (the “Compensation Period”) at a rate per annum equal to (1) for the first two Business Days of any Compensation Period, the Federal Funds Rate from time to time in effect, and
(2) for each other day of any Compensation Period, the interest rate applicable to the applicable Borrowing. If such Lender pays such amount to the Administrative Agent, then such amount shall constitute such Lender’s Loan included in the
applicable Borrowing. If such Lender does not pay such amount forthwith upon the Administrative Agent’s demand therefor, the Administrative Agent may make a demand therefor upon the Borrower, and the Borrower shall pay such amount to the
Administrative Agent, together with interest thereon for the Compensation Period at a rate per annum equal to the rate of interest applicable to the applicable Borrowing. Nothing herein shall be deemed to relieve any Lender from its obligation
to fulfill its Commitment or to prejudice any rights that the Administrative Agent or the Borrower may have against any Lender as a result of any default by such Lender hereunder. 

A notice of the Administrative Agent to any Lender with respect to any amount owing under this subsection (c) shall be
conclusive, absent manifest error. 
 (d) If any Lender makes available to the Administrative Agent funds for any Loan to be
made by such Lender as provided in the foregoing provisions of this Article II, and the conditions to the applicable Credit Extension set forth in Article IV are not satisfied or waived in accordance with the terms hereof, the
Administrative Agent shall return such funds (in like funds as received from such Lender) to such Lender, without interest. 

(e) The obligations of the Lenders hereunder to make Loans and to fund participations in Letters of Credit are several and not
joint. The failure of any Lender to make any Loan or to fund any such participation on any date required hereunder shall not relieve any other Lender of its corresponding obligation to do so on such date, and no Lender shall be responsible for the
failure of any other Lender to so make its Loan or purchase its participation. 
 (f) Nothing herein shall be deemed to
obligate any Lender to obtain the funds for any Loan in any particular place or manner or to constitute a representation by any Lender that it has obtained or will obtain the funds for any Loan in any particular place or manner. 

SECTION 2.12 Sharing of Payments. If, other than as expressly provided elsewhere herein, any
Lender shall obtain on account of the Loans made by it, or the participations in L/C Obligations held by it, any payment (whether voluntary, involuntary, through the exercise of any right of set-off, or otherwise) in excess of its ratable share (or
other share contemplated hereunder) thereof, such Lender shall immediately (a)notify the Administrative Agent of such fact, and (b)purchase from the other Lenders such participations in the Loans made by them and/or such subparticipations in the
participations in L/C Obligations held by them, as the case may be, as shall 

  
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be necessary to cause such purchasing Lender to share the excess payment in respect of such Loan or such participations, as the case may be, pro rata with each of them; provided,
however, that if all or any portion of such excess payment is thereafter recovered from the purchasing Lender, such purchase shall to that extent be rescinded and each other Lender shall repay to the purchasing Lender the purchase price paid
therefor, together with an amount equal to such paying Lender’s ratable share (according to the proportion of (i) the amount of such paying Lender’s required repayment to (ii) the total amount so recovered from the purchasing Lender) of
any interest or other amount paid or payable by the purchasing Lender in respect of the total amount so recovered. The Borrower agrees that any Lender so purchasing a participation from another Lender may, to the fullest extent permitted by
law, exercise all its rights of payment (including the right of set-off, but subject to Section 10.9) with respect to such participation as fully as if such Lender were the direct creditor of the Borrower in the amount of such
participation. The Administrative Agent will keep records (which shall be conclusive and binding in the absence of manifest error) of participations purchased under this Section and will in each case notify the Lenders following any such
purchases or repayments. Each Lender that purchases a participation pursuant to this Section shall from and after such purchase have the right to give all notices, requests, demands, directions and other communications under this Agreement with
respect to the portion of the Obligations purchased to the same extent as though the purchasing Lender were the original owner of the Obligations purchased. 

SECTION 2.13 Defaulting Lenders. Notwithstanding any provision of this Agreement to the
contrary, if any Lender becomes a Defaulting Lender, then the following provisions shall apply for so long as such Lender is a Defaulting Lender: 

(a) Commitment fees shall cease to accrue on the unfunded portion of the Commitment of such Defaulting Lender pursuant to
Section 2.8(a); 
 (b) the Commitment and Outstanding Amount of all Loans and L/C Obligations of such Defaulting
Lender shall not be included in determining whether all Lenders or the Majority Lenders have taken or may take any action hereunder (including any consent to any amendment or waiver pursuant to Section 10.1); provided that (i) any
waiver, amendment or modification requiring the consent of each affected Lender pursuant to Section 10.1(a), (b) or (c), shall require the consent of such Defaulting Lender (which for the avoidance of doubt would include any change to the
Maturity Date applicable to such Defaulting Lender, decreasing or forgiving any principal or interest due to such Defaulting Lender, any decrease of any interest rate applicable to Loans made by such Defaulting Lender (other than the waiving of
post-default interest rates) and any increase in such Defaulting Lender’s Commitment) and (ii) the effective Commitment of a Defaulting Lender may not be increased without the consent of such Defaulting Lender; 

(c) if any L/C Obligations exists at the time a Lender becomes a Defaulting Lender, then (i) all or any part of such L/C
Obligations of such Defaulting Lender will, subject to the limitation in the first proviso below and subject to the requirement that there is no Default or Event of Default then existing at such time, automatically be reallocated (effective on the
day such Lender becomes a Defaulting Lender) among the Non-Defaulting Lenders pro rata in accordance with their respective Voting Percentages; provided that (A) each Non-Defaulting Lender’s L/C Obligations plus the aggregate outstanding
amount of the Loans of such Non-Defaulting Lender may not in any event exceed the Commitment of such Non-Defaulting Lender as in effect at the 

  
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time of such reallocation and (B) neither such reallocation nor any payment by a Non-Defaulting Lender pursuant thereto will constitute a waiver or release of any claim the Borrower, the
Administrative Agent, the Issuing Bank or any other Lender may have against such Defaulting Lender or cause such Defaulting Lender to be a Non-Defaulting Lender, (ii) to the extent that all or any portion (the “unreallocated portion”) of
the Defaulting Lender’s L/C Obligations cannot, or can only partially, be so reallocated to Non-Defaulting Lenders, whether by reason of the first proviso in this Section 2.13(c)(i) or otherwise, the Borrower shall within two Business
Days following notice by the Administrative Agent Cash Collateralize such Defaulting Lender’s unreallocated portion of the L/C Obligations in accordance with the procedures set forth in Section 2.3(k) for so long as such L/C Obligations
are outstanding, (iii) if the Borrower Cash Collateralizes any portion of such Defaulting Lender’s L/C Obligations pursuant to this Section 2.13(c), the Borrower shall not be required to pay any fees to such Defaulting Lender pursuant to
Section 2.3(h) with respect to such Defaulting Lender’s L/C Obligations during the period such Defaulting Lender’s L/C Obligations is Cash Collateralized, (iv) if the L/C Obligations of the non-Defaulting Lenders are reallocated
pursuant to this Section 2.13(c), then the Letter of Credit fees payable for the account of the Lenders pursuant to Section 2.3(h) shall be adjusted in accordance with such non-Defaulting Lenders’ Voting Percentages and the
Borrower shall not be required to pay any Letter of Credit fees to the Defaulting Lender pursuant to Section 2.3(h) with respect to such Defaulting Lender’s L/C Obligations during the period that such Defaulting Lender’s L/C
Obligations is reallocated, or (v)if any Defaulting Lender’s L/C Obligations is neither Cash Collateralized nor reallocated pursuant to this Section 2.13(c), then, without prejudice to any rights or remedies of the Issuing Bank or
any Lender hereunder, all Letter of Credit fees payable under Section 2.3(h) with respect to such Defaulting Lender’s L/C Obligations shall be payable to the Issuing Bank until such L/C Obligations is Cash Collateralized and/or
reallocated; 
 (d) the Issuing Bank will not be required to issue any new Letter of Credit or amend any outstanding Letter
of Credit to increase the stated amount thereof, alter the drawing terms thereunder or extend the expiry date thereof, unless the Issuing Bank is reasonably satisfied that any exposure that would result from the exposure to such Defaulting Lender is
eliminated or fully covered by the Commitments of the Non-Defaulting Lenders or by L/C Collateral or a combination thereof in accordance with clause (c) above or otherwise in a manner reasonably satisfactory to the Issuing Bank; 

(e) the Borrower shall have the right to remove or replace a Defaulting Lender in accordance with Section 3.9 hereof;
and 
 (f) if the Borrower, the Administrative Agent and the Issuing Bank agree in writing in their discretion that a Lender
that is a Defaulting Lender should no longer be deemed to be a Defaulting Lender, the Administrative Agent will so notify the parties hereto, whereupon, as of the effective date specified in such notice and subject to any conditions set forth
therein, such Lender will cease to be a Defaulting Lender and will be a Non-Defaulting Lender and any applicable L/C Collateral shall be promptly returned to the Borrower and any L/C Obligations of such Lender reallocated pursuant to Section
2.13(c) shall be reallocated back to such Lender; provided that, except to the extent otherwise expressly agreed by the affected parties, no change hereunder from Defaulting Lender to Non-Defaulting Lender will constitute a waiver or
release of any claim of any party hereunder arising from such Lender’s having been a Defaulting Lender. 

  
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 ARTICLE III. 

TAXES, YIELD PROTECTION AND ILLEGALITY 

SECTION 3.1 Taxes. 

(a) Any and all payments by the Borrower to or for the account of the Administrative Agent or any Lender under any Loan
Document shall be made free and clear of and without deduction for any and all present or future taxes, duties, levies, imposts, deductions, assessments, fees, withholdings or similar charges, and all liabilities with respect thereto,
excluding, in the case of the Administrative Agent and each Lender, taxes imposed on or measured by its net income, and franchise taxes imposed on it (in lieu of net income taxes), by the jurisdiction (or any political subdivision thereof)
under the Laws of which the Administrative Agent or such Lender, as the case may be, is organized or maintains a lending office (all such non-excluded taxes, duties, levies, imposts, deductions, assessments, fees, withholdings or similar charges,
and liabilities being hereinafter referred to as “Taxes”). If the Borrower shall be required by any Laws to deduct any Taxes from or in respect of any sum payable under any Loan Document to the Administrative Agent or any
Lender, (i) the sum payable shall be increased as necessary so that after making all required deductions (including deductions applicable to additional sums payable under this Section), the Administrative Agent and such Lender receives an amount
equal to the sum it would have received had no such deductions been made, (ii) the Borrower shall make such deductions, (iii) the Borrower shall pay the full amount deducted to the relevant taxation authority or other authority in accordance with
applicable Laws, and (iv) within 30 days after the date of such payment, the Borrower shall furnish to the Administrative Agent (which shall forward the same to such Lender) the original or a certified copy of a receipt evidencing payment thereof.

 (b) In addition, the Borrower agrees to pay any and all present or future stamp, court or documentary taxes and any other
excise or property taxes or charges or similar levies that arise from any payment made under any Loan Document or from the execution, delivery, performance, enforcement or registration of, or otherwise with respect to, any Loan Document (hereinafter
referred to as “Other Taxes”). 
 (c) If the Borrower shall be required to deduct or pay any Taxes or Other
Taxes from or in respect of any sum payable under any Loan Document to the Administrative Agent or any Lender, the Borrower shall also pay to the Administrative Agent (for the account of such Lender) or to such Lender, at the time interest is paid,
such additional amount that such Lender specifies as necessary to preserve the after-tax yield (after factoring in all taxes, including taxes imposed on or measured by net income) such Lender would have received if such Taxes or Other Taxes had not
been imposed. 
 (d) The Borrower agrees to indemnify the Administrative Agent and each Lender for (i) the full amount of
Taxes and Other Taxes (including any Taxes or Other Taxes imposed or asserted by any jurisdiction on amounts payable under this Section) paid by the Administrative Agent and such Lender, (ii) amounts payable under Section 3.1(c) and (iii) any
liability (including penalties, interest and expenses) arising therefrom or with respect thereto, in each case whether or not such Taxes or Other Taxes were correctly or legally imposed or asserted by the relevant Governmental
Authority. Payment under this subsection (d) shall be made within 30 days after the date the Lender or the Administrative Agent makes a demand therefor. 

  
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 SECTION 3.2 Illegality. If any Lender determines
that any Law has made it unlawful, or that any Governmental Authority has asserted that it is unlawful, for any Lender or its applicable Lending Office to make, maintain or fund LIBO Rate Loans, or materially restricts the authority of such Lender
to purchase or sell, or to take deposits of, Dollars in the applicable offshore Dollar market, or to determine or charge interest rates based upon the LIBO Rate, then, on notice thereof by such Lender to the Borrower through the Administrative
Agent, any obligation of such Lender to make or continue LIBO Rate Loans or to convert Base Rate Loans to LIBO Rate Loans shall be suspended until such Lender notifies the Administrative Agent and the Borrower that the circumstances giving rise to
such determination no longer exist. Upon receipt of such notice, the Borrower shall, upon demand from such Lender (with a copy to the Administrative Agent), prepay or, if applicable, convert all LIBO Rate Loans of such Lender to Base Rate
Loans, either on the last day of the Interest Period thereof, if such Lender may lawfully continue to maintain such LIBO Rate Loans to such day, or immediately, if such Lender may not lawfully continue to maintain such LIBO Rate Loans. Upon any
such prepayment or conversion, the Borrower shall also pay interest on the amount so prepaid or converted. Each Lender agrees to designate a different Lending Office if such designation will avoid the need for such notice and will not, in the
good faith judgment of such Lender, otherwise be materially disadvantageous to such Lender. 
 SECTION
3.3 Inability to Determine Rates. If the Administrative Agent determines in connection with any request for a LIBO Rate Loan or a conversion to or continuation thereof that (a) Dollar deposits are not being offered to
banks in the applicable offshore Dollar market for the applicable amount and Interest Period of such LIBO Rate Loan, (b) adequate and reasonable means do not exist for determining the LIBO Rate for such LIBO Rate Loan, or (c) the Adjusted LIBO Rate
for such LIBO Rate Loan does not adequately and fairly reflect the cost to the Lenders of funding such LIBO Rate Loan, the Administrative Agent will promptly notify the Borrower and all Lenders. Thereafter, the obligation of the Lenders to make
or maintain LIBO Rate Loans shall be suspended until the Administrative Agent revokes such notice. Upon receipt of such notice, the Borrower may revoke any pending request for a Borrowing, conversion or continuation of LIBO Rate Loans or,
failing that, will be deemed to have converted such request into a request for a Borrowing of Base Rate Loans in the amount specified therein. 

SECTION 3.4 Increased Cost and Reduced Return; Capital Adequacy. 

(a) If any Lender determines that, as a result of any Change in Law, there shall be any increase in the cost to such Lender of
agreeing to make or making, funding or maintaining LIBO Rate Loans or (as the case may be) issuing or participating in Letters of Credit, or a reduction in the amount received or receivable by such Lender in connection with any of the foregoing
(excluding for purposes of this subsection (a) any such increased costs or reduction in amount resulting from (i) Taxes or Other Taxes (as to which Section 3.1 shall govern), (ii) changes in the basis of taxation of overall net
income or overall gross income by the United States or any foreign jurisdiction or any political subdivision of either thereof under the Laws of which such Lender is organized or has its Lending Office, and (iii) reserve requirements utilized, as to
LIBO Rate Loans, in the determination of the Adjusted LIBO Rate), then from time to time upon demand of such Lender (with a copy of such demand to the Administrative Agent), the Borrower shall pay to such Lender such additional amounts as will
compensate such Lender for such increased cost or reduction. 
 (b) If any Lender determines that any Change in Law
affecting such Lender or any lending office of such Lender or such Lender’s holding company, if any regarding capital adequacy or liquidity, has the effect of reducing the rate of return on the capital of such Lender or any corporation
controlling such Lender as a consequence of such Lender’s obligations hereunder (taking into consideration its policies with respect to capital adequacy and liquidity and such Lender’s desired return on capital), then from time to time
upon demand of such Lender (with a copy of such demand to the Administrative Agent), the Borrower shall pay to such Lender such additional amounts as will compensate such Lender for such reduction. 

  
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 SECTION 3.5 Funding Losses. Upon demand of any
Lender (with a copy to the Administrative Agent) from time to time, the Borrower shall promptly compensate such Lender for and hold such Lender harmless from any loss, cost or expense incurred by it as a result of: 

(a) any continuation, conversion, payment or prepayment of any Loan other than a Base Rate Loan on a day other than the last
day of the Interest Period for such Loan (whether voluntary, mandatory, automatic, by reason of acceleration, or otherwise); or 

(b) any failure by the Borrower (for a reason other than the failure of such Lender to make a Loan) to prepay, borrow,
continue or convert any Loan other than a Base Rate Loan on the date or in the amount notified by the Borrower; or 
 (c)
any assignment of a LIBO Rate Loan on a day other than the last day of the Interest Period therefor as a result of a request by the Borrower pursuant to Section 3.9; 

including any loss of anticipated profits and any loss or expense arising from the liquidation or reemployment of funds obtained by it to
maintain such Loan or from fees payable to terminate the deposits from which such funds were obtained. The Borrower shall also pay any customary administrative fees charged by such Lender in connection with the foregoing. 

For purposes of calculating amounts payable by the Borrower to the Lenders under this Section 3.5, each Lender shall be deemed to have
funded each LIBO Rate Loan made by it at the LIBO Rate for such Loan by a matching deposit or other borrowing in the applicable offshore Dollar interbank market for a comparable amount and for a comparable period, whether or not such LIBO Rate Loan
was in fact so funded. 
 SECTION 3.6 Matters Applicable to all Requests for Compensation. 

(a) A certificate of the Administrative Agent or any Lender claiming compensation under this Article III and setting
forth the additional amount or amounts to be paid to it hereunder shall be conclusive in the absence of manifest error. In determining such amount, the Administrative Agent or such Lender may use any reasonable averaging and attribution
methods. 
 (b) Upon any Lender’s making a claim for compensation under Section 3.1 or 3.4, the Borrower
may remove or replace such Lender in accordance with Section 3.9; provided that the Borrower shall have the right to replace such Lender only if they also replace any other Lender who has made or is making a similar claim for
compensation under Section 3.1 or 3.4. 

  
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 SECTION 3.7 Survival. All of the Borrower’s
obligations under this Article III shall survive termination of the Commitments and of this Agreement and payment in full of all the other Obligations. 

SECTION 3.8 Foreign Lenders. Each Lender that is a “foreign corporation, partnership or
trust” within the meaning of the Code (a “Foreign Lender”) shall deliver to the Administrative Agent, prior to receipt of any payment subject to withholding under the Code (or after accepting an assignment of an interest
herein), two duly signed completed copies of either IRS Form W-8BEN or any successor thereto (relating to such Person and, where applicable, entitling it to an exemption from, or reduction of, withholding tax on all payments to be made to such
Person by the Borrower pursuant to this Agreement) or IRS Form W-8ECI or any successor thereto (relating to all payments to be made to such Person by the Borrower pursuant to this Agreement) or such other evidence satisfactory to the Borrower and
the Administrative Agent that, where applicable, such Person is entitled to an exemption from, or reduction of, U.S. withholding tax. Thereafter and from time to time, each such Person shall (i) promptly submit to the Administrative Agent such
additional duly completed and signed copies of one of such forms (or such successor forms as shall be adopted from time to time by the relevant United States taxing authorities) as may then be available under then current United States laws and
regulations to avoid, or such evidence as is satisfactory to the Borrower and the Administrative Agent of any available exemption from or reduction of, United States withholding taxes in respect of all payments to be made to such Person by the
Borrower pursuant to this Agreement, (ii) promptly notify the Administrative Agent of any change in circumstances which would modify or render invalid any claimed exemption or reduction, and (iii) take such steps as shall not be materially
disadvantageous to it, in the reasonable judgment of such Lender, and as may be reasonably necessary (including the re-designation of its Lending Office) to avoid any requirement of applicable Laws that the Borrower make any deduction or withholding
for taxes from amounts payable to such Person. If such Person fails to deliver the above forms or other documentation, then the Administrative Agent may withhold from any interest payment to such Person an amount equivalent to the applicable
withholding tax imposed by Sections 1441 and 1442 of the Code, without reduction. If any Governmental Authority asserts that the Administrative Agent did not properly withhold any tax or other amount from payments made in respect of such Person,
such Person shall indemnify the Administrative Agent therefor, including all penalties and interest, any taxes imposed by any jurisdiction on the amounts payable to the Administrative Agent under this Section, and costs and expenses (including
Attorney Costs) of the Administrative Agent. The obligation of the Lenders under this Section shall survive the payment of all Obligations and the resignation or replacement of the Administrative Agent. 

SECTION 3.9 Removal and Replacement of Lenders. 

(a) Under any circumstances set forth herein providing that the Borrower shall have the right to remove or replace a Lender as
a party to this Agreement, the Borrower may, upon notice to such Lender and the Administrative Agent, (i) remove such Lender by terminating such Lender’s Commitment or (ii) replace such Lender by causing such Lender to assign its Commitment
(and Commitment Amount) (without payment of any assignment fee) pursuant to 

  
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Section 10.7(b)(i) to one or more other Lenders or Eligible Assignees procured by the Borrower; provided, however, that if the Borrower elects to exercise such right
with respect to any Lender pursuant to Section 3.6(b), it shall be obligated to remove or replace, as the case may be, all Lenders that have made similar requests for compensation pursuant to Section 3.1 or 3.4. The
Borrower shall (x) pay in full all principal, interest, fees and other amounts owing to such Lender through the date of termination or assignment (including any amounts payable pursuant to Section 3.5), (y) provide appropriate assurances and
indemnities (which may include letters of credit) to the Issuing Bank as may reasonably be required with respect to any continuing obligation to purchase participation interests in any L/C Obligations then outstanding, and (z) release such Lender
from its obligations under the Loan Documents. Any Lender being replaced shall execute and deliver an Lender Assignment with respect to such Lender’s Commitment, Commitment Amount and outstanding Credit Extensions. The Administrative
Agent shall distribute an amended Schedule2.1, which shall be deemed incorporated into this Agreement, to reflect changes in the identities of the Lenders and adjustments of their respective Commitment Amounts and/or Percentage Shares
resulting from any such removal or replacement. 
 (b) In order to make all the Lenders’ interests in any outstanding
Credit Extensions ratable in accordance with any revised Percentage Shares after giving effect to the removal or replacement of a Lender, the Borrower shall pay or prepay, if necessary, on the effective date thereof, all outstanding Loans of all
Lenders, together with any amounts due under Section 3.5. The Borrower may then request Loans from the Lenders in accordance with their revised Percentage Shares. The Borrower may net any payments required hereunder against any
funds being provided by any Lender or Eligible Assignee replacing a terminating Lender. The effect for purposes of this Agreement shall be the same as if separate transfers of funds had been made with respect thereto. 

(c) This section shall supersede any provision in Section 10.1 to the contrary. 

ARTICLE IV. 
 CONDITIONS
PRECEDENT TO CREDIT EXTENSIONS 
 SECTION 4.1 Conditions of Initial Credit Extension. The
obligation of each Lender to make its initial Credit Extension hereunder is subject to satisfaction of the following conditions precedent: 

(a) Unless waived by all the Lenders (or by the Administrative Agent with respect to immaterial matters or items specified in
clause (v) or (vi) below with respect to which the Borrower has given assurances satisfactory to the Administrative Agent that such items shall be delivered promptly following the Closing Date), the Administrative Agent’s
receipt of the following, each of which shall be originals or facsimiles (followed promptly by originals) unless otherwise specified, each properly executed by a Responsible Officer of the signing Loan Party, each dated the Closing Date (or, in the
case of certificates of governmental officials, a recent date before the Closing Date) and each in form and substance satisfactory to the Administrative Agent and its legal counsel: 

(i) executed counterparts of this Agreement, a Guaranty from each of the Guarantors, the Subordination
Agreement from each of the Guarantors, a Security Agreement from each of the Loan Parties, and a Pledge Agreement and Irrevocable Proxy from each Loan Party, sufficient in number for distribution to the Administrative Agent, each Lender and the
Borrower, and, in the case of the Security Documents (excluding the Mortgages), in form and in sufficient number of counterparts for the prompt completion of all recording and filing of the Security Documents (excluding the Mortgages) as may be
necessary or, in the opinion of the Administrative Agent, desirable to create or continue, as appropriate, a valid perfected first Lien against the collateral covered by such Security Documents (excluding the Mortgages), and together with stock
certificates, membership interest certificates or such other certificated security as may be part of the collateral covered by the Security Documents and with stock powers or other transfer powers or instruments executed in blank for each such
certificate, interest or security; 

  
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 (ii) Notes executed by the Borrower in favor of each Lender that
has requested a Note at least two Business Days prior to the Closing Date, each in a principal amount equal to such Lender’s Commitment Amount; 

(iii) such certificates of resolutions or other action, incumbency certificates and/or other certificates of
Responsible Officers of each Loan Party as the Administrative Agent may require to establish the identities of and verify the authority and capacity of each Responsible Officer thereof authorized to act as a Responsible Officer in connection with
this Agreement and the other Loan Documents to which such Loan Party is a party; 
 (iv) such evidence as the
Administrative Agent may reasonably require to verify that each Loan Party is duly organized or formed, validly existing, in good standing and qualified to engage in business in each jurisdiction in which it is required to be qualified to engage in
business, including certified copies of each Loan Party’s Organization Documents (unless previously delivered pursuant to the Prior Credit Facility), certificates of good standing and/or qualification to engage in business and tax clearance
certificates; 
 (v) a certificate signed by a Responsible Officer of the Borrower certifying (A) that the
conditions specified in Sections 4.2(a) and (b) have been satisfied, and (B) that there has been no event or circumstance since the date of the Initial Audited Financial Statements that has or could be reasonably expected to have
a Material Adverse Effect; 
 (vi) an opinion of counsel to each Loan Party, in form and substance
satisfactory to the Administrative Agent (which opinion will exclude the Mortgages); 
 (vii) a certificate
of insurance of the Borrower and its Restricted Subsidiaries evidencing that the Borrower and its Restricted Subsidiaries are carrying insurance in accordance with Section 6.7 and that such insurance is in full force and effect; 

(viii) the Initial Engineering Report; 

(ix) the Initial Audited Financial Statements; 

  
 50 

 (x) proper financing statements (form UCC-1) or amendments to
existing financing statements (form UCC-3), as appropriate, to be filed on or promptly after the date of the initial Borrowing, and, in the case of form UCC-1, naming the Borrower as debtor and the Administrative Agent as secured party, describing
all of the Collateral in which the Borrower has granted or purported to grant an interest, filed in the appropriate jurisdictions; proper financing statements (form UCC-1) or amendments to existing financing statements (form UCC-3), as appropriate,
to be filed on or promptly after the date of the initial Borrowing, and, in the case of form UCC-1, naming one or more of the Guarantors as debtor(s) and the Administrative Agent as secured party, describing all of the Collateral in which the
Guarantor or Guarantors have granted or purported to grant an interest, filed in the appropriate jurisdictions; together with copies of search reports in such jurisdictions as the Administrative Agent may reasonably request, listing all effective
financing statements that name any of the Borrower or the Guarantors as debtor and any other documents or instruments as may be necessary or desirable (in the opinion of the Administrative Agent) to perfect or continue the perfection of the
Administrative Agent’s interest in the Collateral; 
 (xi) evidence, reasonably satisfactory to it, that
(i) all Debt to be Repaid has been (or on the Closing Date will be) paid in full, and that all agreements and instruments governing the Debt to be Repaid and that all Liens securing such Debt to be Repaid have been (or on the Closing Date will be)
terminated and (ii) concurrently with the initial credit extension hereunder the offering and purchase of the Senior Secured Notes will be completed in accordance with the terms of the Senior Secured Indenture Documents (without any amendment
thereto or waiver thereunder unless consented to by the Majority Lenders); 
 (xii) evidence, reasonably
satisfactory to it, that the Borrower has received proceeds of not less than at least $600,000,000 from the issuance of Senior Secured Notes; 

(xiii) copies of the Senior Secured Indenture Documents, certified by an authorized representative of the
Borrower as being true, accurate and complete; 
 (xiv) a counterpart of the Intercreditor Agreement executed
by each party thereto; 
 (xv) title information as the Administrative Agent may reasonably require
satisfactory to the Administrative Agent setting forth the status of title to the Oil and Gas Properties evaluated in the Initial Engineering Report; 

(xvi) a Compliance Certificate, evidencing pro forma compliance with Section 7.13; and 

(xvii) such other assurances, certificates, documents, consents or opinions as the Administrative Agent, the
Issuing Bank or the Majority Lenders reasonably may require. 
 (b) Any fees required to be paid on or before the Closing
Date pursuant to any of the Loan Documents shall have been paid. 

  
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 (c) On the Closing Date and after giving effect to the initial Borrowing and the
other transactions to occur on or before the initial Borrowing, including the matters described in Section 4.1(a)(xi), the Borrower and its Restricted Subsidiaries will have cash, together with borrowing availability under this Agreement, of
at least $200,000,000 and a positive working capital balance. 
 (d) The Agents and the Lenders shall have received, and be
reasonably satisfied in form and substance with, such documentation and information as is reasonably requested in writing at least five days prior to the Closing Date by the Administrative Agent about the Borrower and the Guarantors in respect of
applicable “know your customer” and anti-money laundering rules and regulations, including, without limitation, the Patriot Act. 

(e) Unless waived by the Administrative Agent, the Borrower shall have paid all costs and expenses payable to the
Administrative Agent pursuant to Section 10.4 to the extent invoiced prior to or on the Closing Date, plus such additional amounts of costs and expenses as shall constitute the Administrative Agent’s reasonable estimate of the
costs and expenses described in Section 10.4 incurred or to be incurred by it through the closing proceedings (provided that such estimate shall not thereafter preclude a final settling of accounts between the Borrower and the
Administrative Agent). 
 (f) The Closing Date shall have occurred on or before March 18, 2015. 

SECTION 4.2 Conditions to all Credit Extensions. The obligation of each Lender to honor any
Notice of Advance or Letter of Credit Application (other than a Notice of Advance requesting only a conversion of Loans to the other Type, or a continuation of Loans as the same Type) is subject to the following conditions precedent: 

(a) The representations and warranties of the Borrower contained in Article V, or which are contained in any document
furnished at any time under or in connection herewith, shall be true and correct on and as of the date of such Credit Extension, except to the extent that such representations and warranties specifically refer to an earlier date, in which case they
shall be true and correct as of such earlier date. 
 (b) No Default or Event of Default shall exist, or would result from
such proposed Credit Extension. 
 (c) The Administrative Agent or, if applicable, the Issuing Bank shall have received a
Notice of Advance or Letter of Credit Application in accordance with the requirements hereof. 
 (d) The Administrative
Agent shall have received, in form and substance satisfactory to it, such other assurances, certificates, documents or consents related to the foregoing as the Administrative Agent or the Majority Lenders reasonably may require. 

(e) The satisfaction of the conditions precedent set forth in Section 4.3. 

SECTION 4.3 Post-Closing Obligations. Within 60 days after the Closing Date (or such longer period of time
as the Majority Lenders may agree in writing) the Borrower will deliver to the Administrative Agent (i) each fully executed Mortgage, in form and in sufficient number of counterparts for the prompt completion of all filing thereof as may be
necessary and (ii) the fully 

  
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executed Account Control Agreements. Together therewith, the Borrower shall deliver opinions of counsel relating to the Mortgage and the Account Control Agreements as reasonably requested by
the Administrative Agent. Failure to comply with this Section 4.3 shall be an Event of Default. 
 Each Notice
of Advance or Letter of Credit Application (other than a Notice of Advance requesting only a conversion of Loans to the other Type or a continuation of Loans as the same Type) submitted by the Borrower shall be deemed to be a representation and
warranty that the conditions specified in Section 4.2 have been satisfied on and as of the date of the applicable Credit Extension. 

ARTICLE V. 

REPRESENTATIONS AND WARRANTIES 

The Borrower represents and warrants to the Administrative Agent and the Lenders that: 

SECTION 5.1 Existence, Qualification and Power; Compliance with Laws. Each Loan Party (a) is a
corporation, partnership or limited liability company duly organized or formed, validly existing and in good standing under the Laws of the jurisdiction of its incorporation or organization, (b) has all requisite power and authority and all
governmental licenses, authorizations, consents and approvals to own its assets, carry on its business and to execute, deliver, and perform its obligations under the Loan Documents to which it is a party, (c) is duly qualified and is licensed and in
good standing under the Laws of each jurisdiction where its ownership, lease or operation of properties or the conduct of its business requires such qualification or license, and (d) is in compliance with all Laws, except in each case referred to in
clause (c) or this clause (d), to the extent that failure to do so could not reasonably be expected to have a Material Adverse Effect. 

SECTION 5.2 Authorization; No Contravention. The execution, delivery and performance by each
Loan Party of each Loan Document to which such Person is a party, have been duly authorized by all necessary corporate or other organizational action, and do not and will not (a) contravene the terms of any of such Person’s Organization
Documents; (b) conflict with or result in any breach or contravention of, or the creation of any Lien, or give rise to a right thereunder to require any payment to be made by the Borrower or any Subsidiary, under, any Contractual Obligation to which
such Person is a party or any order, injunction, writ or decree of any Governmental Authority to which such Person or its property is subject (other than the Liens purportedly created under the Loan Documents); or (c) violate any Law. 

SECTION 5.3 Governmental Authorization; Consents. No approval, consent, exemption,
authorization, or other action by, or notice to, or filing with, any Governmental Authority or any other Person or entity (including, without limitation, any creditor or stockholder of the Borrower or any Guarantor) is necessary or required in
connection with the execution, delivery or performance by, or enforcement against, any Loan Party of this Agreement or any other Loan Document. 

SECTION 5.4 Binding Effect. This Agreement has been, and each other Loan Document, when
delivered hereunder, will have been, duly executed and delivered by each Loan 

  
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Party that is a party thereto. This Agreement constitutes, and each other Loan Document when so delivered will constitute, a legal, valid and binding obligation of such Loan Party,
enforceable against each Loan Party that is a party thereto in accordance with its terms except as such enforceability may be limited by any applicable bankruptcy, insolvency, reorganization, moratorium or similar law affecting creditors’
rights generally and by general principles of equity. 
 SECTION 5.5 Financial Statements; No Material
Adverse Effect. 
 (a) The Initial Audited Financial Statements (i) were prepared in accordance with GAAP consistently
applied throughout the period covered thereby, except as otherwise expressly noted therein; (ii) fairly present the financial condition of the Borrower and its Subsidiaries as of the date thereof and their results of operations for the period
covered thereby in accordance with GAAP consistently applied throughout the period covered thereby, except as otherwise expressly noted therein; and (iii) show all material indebtedness and other liabilities, direct or contingent, of the Borrower
and its Subsidiaries as of the date thereof, including liabilities for taxes, material commitments and Indebtedness in accordance with GAAP consistently applied throughout the period covered thereby. 

(b) Since the date of the Initial Audited Financial Statements, there has been no event or circumstance that has or could
reasonably be expected to have a Material Adverse Effect. 
 SECTION 5.6 Litigation. Except
as specifically disclosed in Schedule5.6, there are no actions, suits, proceedings, claims or disputes pending or, to the knowledge of the Borrower, threatened or contemplated, at law, in equity, in arbitration or before any Governmental
Authority, by or against the Borrower or any of its Restricted Subsidiaries or against any of their properties or revenues that (a) purport to affect or pertain to this Agreement or any other Loan Document, or any of the transactions contemplated
hereby, or (b) if determined adversely, could reasonably be expected to have a Material Adverse Effect. 
 SECTION
5.7 No Default. Neither the Borrower nor any Subsidiary is in default under or with respect to any Contractual Obligation that could be reasonably expected to have a Material Adverse Effect. No Default or Event of
Default has occurred and is continuing or would result from the consummation of the transactions contemplated by this Agreement or any other Loan Document. 

SECTION 5.8 Ownership of Property; Liens. The Borrower and each Restricted Subsidiary has good
record and marketable title in fee simple to, or valid leasehold interests in, all real property necessary or used in the ordinary conduct of its business, except for such defects in title as would not, individually or in the aggregate, have a
Material Adverse Effect. As of the Closing Date, the property of the Borrower and its Restricted Subsidiaries is subject to no Liens, other than Liens permitted by Section 7.1. 

SECTION 5.9 Environmental Matters. The Borrower and its Subsidiaries conduct in the ordinary
course of business a review of the effect of existing Environmental Laws and claims alleging potential liability or responsibility for violation of any Environmental Law on their respective businesses, operations and properties, and as a result
thereof the Borrower has reasonably concluded that, except as would not have a Material Adverse Effect (or with respect to clause (c), (d) and (e) below, where the failure to take such actions would not have a Material Adverse
Effect): 
 (a) neither any property of any Loan Party or any Subsidiary, nor the operations conducted thereon violate any
Environmental Laws; 

  
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 (b) without limitation of clause (a) above, no property of any Loan Party
or any Subsidiary, nor the operations currently conducted thereon or, to the best knowledge of the Borrower, by any prior owner or operator of such property or operation, are in violation of or subject to any existing, pending or, to the
Borrower’s knowledge, threatened action, suit, investigation, inquiry or proceeding by or before any Governmental Authority or to any remedial obligations under Environmental Laws; 

(c) all notices, permits, licenses or similar authorizations, if any, required pursuant to Environmental Laws to be obtained
or filed in connection with the operation or use of the property of any Loan Party and each Subsidiary have been duly obtained or filed, and the Loan Party and each Subsidiary are in compliance with the terms and conditions of all such notices,
permits, licenses and similar authorizations; 
 (d) all Hazardous Materials, solid waste, and oil and gas exploration and
production wastes, if any, generated at the property of any Loan Party or any Subsidiary have in the past been transported, treated and disposed of in accordance with Environmental Laws and so as not to pose an imminent and substantial endangerment
to public health or welfare or the environment, and, to the best knowledge of the Borrower, all such transport carriers and treatment and disposal facilities have been and are operating in compliance with Environmental Laws and so as not to pose an
imminent and substantial endangerment to public health or welfare or the environment, and are not the subject of any existing, pending or, to the Borrower’s knowledge, threatened action, investigation or inquiry by any Governmental Authority in
connection with any Environmental Laws; 
 (e) the Loan Parties and their Subsidiaries have taken all steps reasonably
necessary to determine and have determined that no Hazardous Materials, solid waste, or oil and gas exploration and production wastes, have been disposed of or otherwise released and there has been no threatened release of any Hazardous Materials on
or to any property of the Loan Parties or any Subsidiary except, in each case, in compliance with Environmental Laws and so as not to pose an imminent and substantial endangerment to public health or welfare or the environment; and 

(f) none of the Loan Parties nor any Subsidiary has any known contingent liability in connection with any release or
threatened release of any oil, Hazardous Materials or solid waste into the environment. 
 SECTION
5.10 Insurance. The properties of the Borrower and its Restricted Subsidiaries are insured with financially sound and reputable insurance companies that are not Affiliates of the Borrower, in such amounts, with such
deductibles and covering such risks as are customarily carried by companies engaged in similar businesses and owning similar properties in localities where the Borrower or its Restricted Subsidiaries operate. 

  
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 SECTION 5.11 Taxes. The Borrower, its Restricted
Subsidiaries and each of the Borrower’s other Subsidiaries that is a member of Borrower’s consolidated U.S. federal income tax group, have filed all Federal, state and other material tax returns and reports required to be filed, and have
paid all Federal, state and other material taxes, assessments, fees and other governmental charges levied or imposed upon them or their properties, income or assets otherwise due and payable, except those which are being contested in good faith by
appropriate proceedings and for which adequate reserves have been provided in accordance with GAAP. There is no proposed tax assessment against the Borrower, any Restricted Subsidiary or any of the Borrower’s other Subsidiaries that is a
member of Borrower’s consolidated U.S. federal income tax group, that would, if made, have a Material Adverse Effect. 

SECTION 5.12 ERISA Compliance. 

(a) Each Plan is in compliance in all material respects with the applicable provisions of ERISA, the Code and other Federal or
state Laws. Each Plan that is intended to qualify under Section 401(a) of the Code has received a favorable determination letter from the IRS or an application for such a letter is currently being processed by the IRS with respect thereto, all
amendments to any such Plan for which the remedial amendment period (within the meaning of Section 401(b) of the Code and applicable regulations) has expired are covered by a favorable determination letter from the IRS, and, to the best knowledge of
the Borrower, nothing has occurred which would prevent, or cause the loss of, such qualification. The Borrower and each ERISA Affiliate of the Borrower has met all applicable requirements under the Pension Funding Rules in respect of each
Pension Plan, and no waiver of the minimum funding standards under the Pension Funding Rules has been applied for or obtained with respect to any Pension Plan. 

(b) There are no pending or, to the best knowledge of the Borrower, threatened claims, actions or lawsuits, or action by any
Governmental Authority, with respect to any Plan that could reasonably be expected to have a Material Adverse Effect. There has been no prohibited transaction or violation of the fiduciary responsibility rules with respect to any Plan that has
resulted or could reasonably be expected to result in a Material Adverse Effect. 
 (c) (i) No ERISA Event has occurred or
is reasonably expected to occur; (ii) as of the most recent valuation date for any Pension Plan, the funding target attainment percentage (as defined in Section 430(d)(2) of the Code) is at least 60%; (iii) neither the Borrower nor any ERISA
Affiliate of the Borrower has incurred, or reasonably expects to incur, any liability under Title IV of ERISA with respect to any Pension Plan (other than premiums due and not delinquent under Section 4007 of ERISA); (iv) neither the Borrower nor
any ERISA Affiliate of the Borrower has incurred, or reasonably expects to incur, any liability (and no event has occurred which, with the giving of notice under Section 4219 of ERISA, would result in such liability) under Sections 4201 or 4243 of
ERISA with respect to a Multiemployer Plan; and (v) neither the Borrower nor any ERISA Affiliate of the Borrower has engaged in a transaction that could be subject to Section 4069 or 4212(c) of ERISA. 

SECTION 5.13 Subsidiaries. 

(a) The Borrower has no Subsidiaries other than those specifically disclosed in Part (a) of Schedule5.13. All
Restricted Subsidiaries of Borrower are duly organized, validly existing and 

  
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in good standing under the laws of their respective jurisdictions of organization and are duly qualified to do business in each jurisdiction where failure to so qualify would have an Material
Adverse Effect. All outstanding shares of stock of each class of each Restricted Subsidiary of Borrower have been and will be validly issued and are and will be fully paid and nonassessable. Except as otherwise set forth on
Schedule5.13, all outstanding shares of stock of each class of each Restricted Subsidiary of Borrower are and will be owned, beneficially and of record, by Borrower or a wholly-owned Restricted Subsidiary of Borrower. All outstanding
shares of stock of each class of each Restricted Subsidiary of Borrower, are and will be free and clear of any Liens. 
 (b)
Part (b) of Schedule5.13 sets forth each of the Subsidiaries of the Borrower that shall have delivered a Guaranty on the Closing Date. Each such Guarantor is and will remain a wholly-owned Subsidiary of the Borrower. 

(c) The Borrower has no equity investments in any other corporation or entity other than those specifically disclosed in Part
(c) of Schedule5.13. 
 (d) The Borrower has no Unrestricted Subsidiary except as set forth in Part (d) of
Schedule 5.13. 
 (e) Each reference to Schedule 5.13 herein shall mean such schedule as most recently
supplemented in accordance with Section 6.2(b). 
 SECTION 5.14 Margin Regulations; Investment Company
Act, Anti-Money Laundering and Anti-Terrorism Finance Laws. 
 (a) Neither the Borrower nor any of its Subsidiaries is
engaged, and will engage, principally or as one of its important activities, in the business of purchasing or carrying margin stock (within the meaning of Regulation U issued by the Board), or extending credit for the purpose of purchasing or
carrying margin stock. 
 (b) None of the Borrower, any Person controlling the Borrower, or any Subsidiary is or is required
to be registered as an “investment company” under the Investment Company Act of 1940. 
 (c) To the extent
applicable, the Borrower and each Subsidiary is in compliance with anti-money laundering laws and anti-terrorism finance laws including the Bank Secrecy Act and the PATRIOT Act (the “Anti-Terrorism Laws”) and the United States
Foreign Corrupt Practices Act of 1977 (“FCPA”). Neither the Borrower nor any of its Subsidiaries is any of the following (a “Restricted Person”): (i) a Person that is listed in the annex to, or is
otherwise subject to the provisions of, Executive Order No. 13224 on Terrorist Financing, effective September 24, 2001 (the “Executive Order”); (ii) a Person that is named as a “specially designated national and blocked
person” on the most current list published by the U.S. Treasury Department Office of Foreign Assets Control (“OFAC”) at its official website or any replacement website or other replacement official publication of such list or
similarly named by any similar foreign governmental authority; (iii) an agency of the government of a country, an organization controlled by a country, or a Person resident in a country that is subject to a sanctions program identified on the lists
maintained by OFAC; or (iv) a Person that derives more than any of its assets or operating income from investments in or transactions with any such country, agency, organization or person. 

  
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 SECTION 5.15 Disclosure. No statement,
information, report, representation, or warranty made in writing by any Loan Party in any Loan Document or furnished to the Administrative Agent or any Lender by or on behalf of any Loan Party in connection with any Loan Document contains any untrue
statement of a material fact or omits any material fact required to be stated therein or necessary to make the statements therein, in light of the circumstances under which they were made, not misleading. There is no fact known to the Borrower
which has caused, or which likely would in the future in the reasonable judgment of the Borrower cause, a Material Adverse Effect (except for any economic conditions which affect generally the industry in which the Borrower and its Restricted
Subsidiaries conduct business), that has not been set forth in this Agreement or in the other documents, certificates, statements, reports and other information furnished in writing to the Lenders by or on behalf of the Borrower or any other Loan
Party in connection with the transactions contemplated hereby. 
 SECTION 5.16 Intellectual Property;
Licenses, Etc. The Borrower and its Restricted Subsidiaries own, or possess the right to use, all of the trademarks, service marks, trade names, copyrights, patents, patent rights, franchises, licenses and other rights that are reasonably
necessary for the operation of their respective businesses, without conflict with the rights of any other Person. To the best knowledge of the Borrower, no slogan or other advertising device, product, process, method, substance, part or other
material now employed, or now contemplated to be employed, by the Borrower or any Restricted Subsidiary infringes upon any rights held by any other Person. No claim or litigation regarding any of the foregoing is pending or, to the best
knowledge of the Borrower, threatened, and no patent, invention, device, application, principle or any statute, law, rule, regulation, standard or code is pending or, to the knowledge of the Borrower, proposed, which, in either case, could
reasonably be expected to have a Material Adverse Effect. 
 SECTION 5.17 Direct Benefit. The
Loans and Letters of Credit hereunder are for the direct benefit of the Borrower or one or more of the Restricted Subsidiaries of the Borrower, and the initial Loans and Letters of Credit hereunder are used to refinance and replace indebtedness
owing, directly or indirectly, by the Borrower and certain of the Guarantors to the Lenders under the Prior Credit Facility. The Borrower and the Guarantors are engaged as an integrated group in the business of oil and gas exploration and
related fields, and any benefits to the Borrower or any Guarantor is a benefit to all of them, both directly or indirectly, inasmuch as the successful operation and condition of the Borrower and the Guarantors is dependent upon the continued
successful performance of the functions of the integrated group as a whole. 
 SECTION
5.18 Solvency. Each of the following is true for the Borrower, each Guarantor and the Borrower and the Guarantors on a consolidated basis: (a) the fair saleable value of its or their property is (i) greater than the
total amount of its liabilities (including contingent liabilities), and (ii) greater than the amount that would be required to pay its probable aggregate liability on its then existing debts as they become absolute and matured; (b) its or their
property is not unreasonable in relation to its business or any contemplated or undertaken transaction; and (c) it or they do not intend to incur, or believe that it or they will incur, debts beyond its or their ability to pay such debts as they
become due. 
 SECTION 5.19 Indenture Debt Documents. Before and after giving effect to all
the Credit Extensions contemplated hereunder, all representations and warranties of the Borrower or any Guarantor contained in any Indenture Debt Document are true and correct in all material 

  
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respects (except to the extent such representations or warranties relate or refer to a specified, earlier date). Before and after giving effect to all the Credit Extensions contemplated
hereunder, there is no event of default or event or condition that could become an event of default with notice or lapse of time or both, under the Indenture Debt Documents, the Priority Lien
Intercreditor Agreement or the Second Lien Intercreditor Agreement and each of the Indenture Debt Documents and
theeach Intercreditor Agreement is in full force and effect. 

SECTION 5.20 Hedging Agreements. Schedule 5.20, as of the date hereof, and after the
date hereof, each report required to be delivered by the Borrower pursuant to Section 6.2(k), sets forth, a true and complete list of all Hedging Agreements of the Borrower and each Restricted Subsidiary, the material terms thereof (including
the type, term, effective date, termination date and notional amounts or volumes), the net mark to market value thereof, all credit support agreements relating thereto (including any margin required or supplied) and the counterparty to each such
agreement. 
 SECTION 5.21 Location of Business and Offices. The Borrower’s jurisdiction
of organization is the State of Nevada; the name of the Borrower as listed in the public records of the State of Nevada is Comstock Resources, Inc.; and the organizational identification number of the Borrower in the State of Nevada is NV19831014871
(or, in each case, as set forth in a notice delivered to the Administrative Agent pursuant to Section 6.2(l)). The Borrower’s principal place of business and chief executive offices are located at the address specified in
Schedule 10.2 (or as set forth in a notice delivered pursuant to Section 6.2(l)). Each Loan Party’s jurisdiction of organization, name as listed in the public records of its jurisdiction of organization, organizational
identification number in its jurisdiction of organization, and the location of its principal place of business and chief executive office is stated on Schedule 5.21 (or as set forth in a notice delivered pursuant to Section 6.2(l)).

 ARTICLE VI. 

AFFIRMATIVE COVENANTS 

So long as any Lender shall have any Commitment hereunder, any Loan or other Obligation shall remain unpaid or unsatisfied, or
any Letter of Credit shall remain outstanding, the Borrower shall, and shall (except in the case of the covenants set forth in Sections 6.1, 6.2, 6.3 and 6.11) cause each of its Restricted Subsidiaries to: 

SECTION 6.1 Financial Statements. Deliver to the Administrative Agent and each Lender, in form
and detail satisfactory to the Administrative Agent and the Majority Lenders: 
 (a) as soon as available, but in any event
within 90 days after the end of each fiscal year of the Borrower, a consolidated balance sheet of the Borrower and its Subsidiaries as at the end of such fiscal year, and the related consolidated statements of income and cash flows for such fiscal
year, setting forth in each case in comparative form the figures for the previous fiscal year, all in reasonable detail, audited and accompanied by a report and opinion of an independent certified public accountant of nationally recognized standing
reasonably acceptable to the Majority Lenders, which report and opinion shall be prepared in accordance with GAAP and shall not be subject to any qualifications or exceptions as to the scope of the audit nor to any qualifications and exceptions not
reasonably acceptable to the Majority Lenders; and 

  
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 (b) as soon as available, but in any event within 45 days after the end of each
of the first three fiscal quarters of each fiscal year of the Borrower, a consolidated balance sheet of the Borrower and its Subsidiaries as at the end of such fiscal quarter, and the related consolidated statements of income and cash flows for such
fiscal quarter and for the portion of the Borrower’s fiscal year then ended, setting forth in each case in comparative form the figures for the corresponding fiscal quarter of the previous fiscal year and the corresponding portion of the
previous fiscal year, all in reasonable detail and certified by a Responsible Officer of the Borrower as fairly presenting the financial condition, results of operations and cash flows of the Borrower and its Subsidiaries in accordance with GAAP,
subject only to normal year-end audit adjustments and the absence of footnotes. 
 If the Borrower has designated any of its Subsidiaries as
Unrestricted Subsidiaries, then, to the extent material, the quarterly and annual financial information required by Section 6.1(a) and (b) will include a reasonably detailed presentation, either on the face of the financial statements
or in the footnotes thereto, and in Management’s Discussion and Analysis of Financial Condition and Results of Operations, of the financial condition and results of operations of the Borrower and its Restricted Subsidiaries separate from the
financial condition and results of operations of the Unrestricted Subsidiaries of the Borrower. 
 SECTION
6.2 Certificates; Other Information. Deliver to the Administrative Agent and each Lender, in form and detail satisfactory to the Administrative Agent and the Majority Lenders: 

(a) concurrently with the delivery of the financial statements referred to in Section 6.1(a), a certificate of its
independent certified public accountants certifying such financial statements and stating that in making the examination necessary therefor no knowledge was obtained of any Default or Event of Default or, if any such Default or Event of Default
shall exist, stating the nature and status of such event; 
 (b) concurrently with the delivery of the financial statements
referred to in Sections 6.1(a) and (b), a duly completed Compliance Certificate signed by a Responsible Officer of the Borrower and, if the Borrower or any Subsidiary has (subject to the requirements and limitations of this Agreement
and the other Loan Documents) formed or acquired a new Subsidiary or Disposed or dissolved a Subsidiary, or redesignated an Unrestricted Subsidiary as a Restricted Subsidiary or a Restricted Subsidiary as an Unrestricted Subsidiary (in each case, in
accordance with Section 1.6), or made any additional equity investment in any Person or Disposed of any equity investment in any Person, in each case, since the date of the most recently delivered Subsidiary, a substitute (or supplement to)
Schedule 5.13; 
 (c) promptly after requested by the Administrative Agent or any Lender, copies of any detailed
audit reports, management letters or recommendations submitted to the board of directors (or the audit committee of the board of directors) of the Borrower by independent accountants in connection with the accounts or books of the Borrower or any
Subsidiary, or any audit of any of them; 

  
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 (d) promptly after the same are available, copies of each annual report, proxy or
financial statement or other report or communication sent to the stockholders of the Borrower, and copies of all annual, regular, periodic and special reports and registration statements which the Borrower may file or be required to file with the
Securities and Exchange Commission under Section 13 or 15(d) of the Securities Exchange Act of 1934, and not otherwise required to be delivered to the Administrative Agent pursuant hereto; 

(e) upon the reasonable request of the Majority Lenders or the Administrative Agent, a schedule of all oil, gas, and other
mineral production attributable to all material Oil and Gas Properties of the Borrower and the Guarantors, and in any event all such Oil and Gas Properties included in the most recent Engineering Report; 

(f) promptly, all title or other information received after the Closing Date by the Borrower or any Guarantor which discloses
any material defect in the title to any material asset included in the most recent Engineering Report; 
 (g) (A) as soon as
available and in any event within 90 days after each January 1, commencing with January 1, 2015, an annual reserve report as of the December 31 immediately preceding such January 1 with respect to all Hydrocarbons attributable to the Oil
and Gas Properties of the Borrower and the Guarantors prepared by an independent engineering firm of recognized standing acceptable to the Majority Lenders in accordance with accepted industry practices and otherwise acceptable and in form and
substance satisfactory to the Majority Lenders, and (B) within 9045 days after each July 1,
April 1 and October 1 commencing with July 1, 2015,2016, a reserve report as of the
March 31, June 30 and September
30 immediately preceding such July 1,date, respectively, with respect to all Hydrocarbons attributable to
the Oil and Gas Properties of the Borrower and the Guarantors prepared by the Borrower in accordance with accepted industry practices at prices approved by the Administrative Agent, and
otherwise acceptable and in form and substance satisfactory to the Majority Lenders; 
 (h) on or within 30 days after the
request of the Administrative Agent or the Majority Lenders an updated reserve report with respect to all Hydrocarbons attributable to the Oil and Gas Properties of the Borrower and the Guarantors prepared by an independent engineering firm of
recognized standing acceptable to the Majority Lenders in accordance with accepted industry practices and otherwise acceptable and in form and substance satisfactory to the Majority Lenders; 

(i) promptly, any management letter from the auditors for the Borrower or any Guarantor and all other information respecting
the business, properties or the condition or operations, financial or otherwise, including, without limitation, geological and engineering data of the Borrower or an Guarantor and any title work with respect to any Oil and Gas Properties of the
Borrower or any Guarantor as any Bank may from time to time reasonably request; 
 (j) if requested by the Majority Lenders,
title opinions (or other title reports or title information acceptable to the Majority Lenders) and other opinions of counsel, in each case in form and substance acceptable to the Majority Lenders, with respect to at least eighty percent (80%) of
the PV-9 of the Proved Reserves included in the most recent Engineering Report, for which satisfactory title reports have not been previously delivered to the Administrative Agent, if any; 

  
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 (k) concurrently with the delivery of each Engineering Report hereunder: 

(i) a certificate of a Responsible Officer, in form and substance reasonably satisfactory to the Administrative
Agent: 
 (A) setting forth as of a recent date, a true and complete list of all Hedging Agreements of the
Borrower and each Restricted Subsidiary, the material terms thereof (including the type, term, effective date, termination date and notional amounts or volumes), the net mark-to-market value therefor, any new credit support agreements relating
thereto not listed on Schedule 5.20, any margin required or supplied under any credit support document, and the counterparty to each such agreement; and 

(B) comparing aggregate notional volumes of all Hedging Agreements of the Borrower and each Restricted
Subsidiary, which were in effect during such period (other than basis differential hedgings) and the actual production volumes for each of natural gas and crude oil during such period, which certificate shall certify that the hedged volumes for each
of natural gas and crude oil did not exceed 100% of actual production or if such hedged volumes did exceed actual production, specify the amount of such excess; 

(ii) a report, in a form satisfactory to the Administrative Agent, prepared by or on behalf of the Borrower
detailing on a monthly basis for the next twelve month period (i) the projected production of Hydrocarbons by the Borrower and the Restricted Subsidiaries and the assumptions used in calculating such projections, (ii) an annual operating budget for
the Borrower and the Restricted Subsidiaries, and (iii) such other information as may be reasonably requested by the Administrative Agent; 

(iii) a certificate of a Responsible Officer, in a form and substance reasonably satisfactory to the
Administration Agent, certifying whether the Borrower is in compliance with the mortgage and title requirements set forth in Section 6.16(b) and setting forth the actual percentages as to which compliance has been achieved and if the Borrower
is not in compliance the Borrower shall identify which Oil and Gas Properties are required to be mortgaged and/or as to which adequate title information has not been delivered. 

(l) prompt written notice (and in any event within thirty (30) days prior thereto) of any change (i) in any Loan Party’s
corporate name or in any trade name used to identify such Person in the conduct of its business or in the ownership of its Properties, (ii) in the location of any Loan Party’s chief executive office or principal place of business, (iii) in any
Loan Party’s identity or corporate structure or in the jurisdiction in which such Person is incorporated or formed, (iv) in any Loan Party’s jurisdiction of organization or such Person’s organizational identification number in such
jurisdiction of organization, and (v) in any Loan Party’s federal taxpayer identification number; 
 (m) promptly
following the giving or receipt of any statement, notice or report delivered under the terms of any Indenture Debt Document (to the extent not otherwise furnished or made available hereunder) copies of such notice or report and promptly following
the execution 

  
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of any amendment, modification or supplement to the Priority Lien Intercreditor Agreement
or the Second Lien Intercreditor Agreement any Indenture Debt Document, a copy of any such amendment, modification or supplement; 

(n) in the event the Borrower or any Restricted Subsidiary intends to Dispose of any Oil or Gas Properties or any Equity
Interests in any Subsidiary with a fair market value in excess of $10,000,000 in accordance with Section 7.5, at least 15 days prior written notice of such Disposition, the price thereof and the anticipated date of closing; and 

(o) promptly, such additional information regarding the business, financial or corporate affairs of the Borrower or any
Subsidiary as the Administrative Agent, at the request of any Lender, may from time to time reasonably request.; and 

(p)
together with the financial statements delivered pursuant to Section 6.1(b), a listing of the
Borrower’s and each
Subsidiaries’ trade payables, specifying the trade creditor and balance due, and a detailed trade payable aging, all in form
satisfactory to the Administrative Agent. 
 SECTION 6.3 Notices. Promptly notify the
Administrative Agent and each Lender: 
 (a) of the occurrence of any Default or Event of Default; 

(b) of any matter that has resulted or may reasonably be expected to result in a Material Adverse Effect, including (i) breach
or non-performance of, or any default under, a Contractual Obligation of the Borrower or any Restricted Subsidiary; (ii) any dispute, litigation, investigation, proceeding or suspension between the Borrower or any Restricted Subsidiary and any
Governmental Authority; or (iii) the commencement of, or any material development in, any litigation or proceeding affecting any of the Borrower or any Restricted Subsidiary, including pursuant to any applicable Environmental Laws; 

(c) of any litigation, investigation or proceeding affecting any Loan Party in which the amount involved exceeds $10,000,000
or in which injunctive relief or similar relief is sought, which relief, if granted, could be reasonably expected to have a Material Adverse Effect; 

(d) of the occurrence of any ERISA Event; and 

(e) of any material change in accounting policies or financial reporting practices by the Borrower or any Subsidiary. 

Each notice pursuant to this Section shall be accompanied by a statement of a Responsible Officer of the Borrower setting
forth details of the occurrence referred to therein and stating what action the Borrower or the relevant Subsidiary has taken and proposes to take with respect thereto. Each notice pursuant to Section 6.3(a) shall describe with
particularity any and all provisions of this Agreement or other Loan Document that have been breached. 
 SECTION
6.4 Payment of Obligations. Pay and discharge as the same shall become due and payable, all its obligations and liabilities, including (a) all tax liabilities, assessments and governmental charges or levies upon it or its
properties or assets, (b) all lawful claims which, if unpaid, would by law become a Lien upon its property; and (c) all Indebtedness, as and when due 

  
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and payable, but subject to any subordination provisions contained in any instrument or agreement evidencing such Indebtedness; unless, in the case of clause (a) and (b), same are
being contested in good faith by appropriate proceedings which operate to suspend collection of the contested obligation and enforcement of any Lien and adequate reserves in accordance with GAAP are being maintained by the Borrower or such
Restricted Subsidiary, and the failure to pay could not readily be expected to have a Material Adverse Effect. 
 SECTION
6.5 Preservation of Existence, Etc. Preserve, renew and maintain in full force and effect its legal existence and good standing under the Laws of the jurisdiction of its organization; take all reasonable action to
maintain all rights, privileges, permits, licenses and franchises necessary or desirable in the normal conduct of its business, except in a transaction permitted by Section 7.4 or 7.5; and preserve or renew all of its registered
patents, trademarks, trade names and service marks, the non-preservation of which could reasonably be expected to have a Material Adverse Effect. 

SECTION 6.6 Maintenance of Properties. (a) Maintain, preserve and protect all of its material
properties and equipment necessary in the operation of its business in good working order and condition, ordinary wear and tear excepted; (b) make all necessary repairs thereto and renewals and replacements thereof except where the failure to do so
could not reasonably be expected to have a Material Adverse Effect; and (c) use the standard of care typical in the industry in the operation and maintenance of its facilities. 

SECTION 6.7 Maintenance of Insurance. Maintain with financially sound and reputable insurance
companies not Affiliates of the Borrower, insurance with respect to its properties and business against loss or damage of the kinds customarily insured against by Persons engaged in the same or similar business, of such types and in such amounts as
are customarily carried under similar circumstances by such other Persons. 
 SECTION 6.8 Compliance
with Laws. Comply with the requirements of all Laws applicable to it or to its business or property, except in such instances in which (i) such requirement of Law is being contested in good faith or a bona fide dispute exists with respect
thereto; or (ii) the failure to comply therewith could not be reasonably expected to have a Material Adverse Effect (provided, that compliance with Laws applicable to Tax, ERISA, Anti-Terrorism Laws, the FCPA, Margin Requirements and the
Investment Company Act shall be subject to the other specific relevant provisions of this Agreement). 
 SECTION
6.9 Books and Records. (a) Maintain proper books of record and account, in which full, true and correct entries in conformity with GAAP consistently applied shall be made of all financial transactions and matters
involving the assets and business of the Borrower or its Subsidiaries, as the case may be; and (b) maintain such books of record and account in material conformity with all applicable requirements of any Governmental Authority having regulatory
jurisdiction over the Borrower or any Subsidiary, as the case may be. 
 SECTION 6.10 Inspection
Rights. Permit representatives and independent contractors of the Administrative Agent and each Lender to visit and inspect any of its properties, to examine its corporate, financial and operating records, and make copies thereof or
abstracts therefrom, and to discuss its affairs, finances and accounts with its directors, officers, and independent public 

  
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accountants, all at the expense of the Borrower and at such reasonable times during normal business hours and as often as may be reasonably desired, upon reasonable advance notice to the
Borrower; provided, however, that when an Event of Default exists the Administrative Agent or any Lender (or any of their respective representatives or independent contractors) may do any of the foregoing at the expense of the Borrower
at any time during normal business hours and without advance notice. The Borrower hereby authorizes and instructs its independent accountants to discuss the Borrower’s and its Subsidiaries affairs, finances and condition with the
Administrative Agent and any Lender, at the Administrative Agent’s or such Lender’s request. 
 SECTION
6.11 Compliance with ERISA. Do, and cause each of its ERISA Affiliates to do, each of the following: (a) maintain each Plan in compliance in all material respects with the applicable provisions of ERISA, the Code and
other Federal or state law; (b) cause each Plan which is qualified under Section 401(a) of the Code to maintain such qualification; and (c) make all required contributions to any Plan subject to the Pension Funding Rules. 

SECTION 6.12 Use of Proceeds. Use the proceeds of the Credit Extensions for working capital and
other general corporate purposes, in each case, in compliance with, and not in contravention of, Section 7.11, any Law, any Loan Document, or any other Contractual Obligation. 

SECTION 6.13 [intentionally omitted] 

SECTION 6.14 Additional Covenants Upon Issuance of Additional Permitted Notes or Permitted Refinancing
Indebtedness. If the Borrower issues (or proposes to issue) any Additional Permitted Notes or any Permitted Refinancing Indebtedness under Section 7.3(f) or
(ik) hereof, the Borrower shall: 

(a) Deliver, or cause to be delivered, to the Administrative Agent not later than five (5) Business Days following the date on
which any prospectus or offering memorandum prepared in connection therewith is delivered to the prospective or actual holders thereof, a final, true and correct copy of such prospectus or offering memorandum; 

(b) Deliver to the Administrative Agent not more than ten (10) Business Days after the date of issuance of any Permitted
Additional Notes or any Permitted Refinancing Indebtedness, by the Borrower, a true and correct copy of the Indenture Debt Documents entered into by the Borrower or any other Loan Party in connection therewith; 

(c) Deliver to the Administrative Agent concurrently with the issuance of any Permitted Additional Notes or any Permitted
Refinancing Indebtedness, a certificate of an Authorizeda Responsible Officer of the Borrower confirming such issuance and setting forth the aggregate principal amount of
Permitted Additional Notes or any Permitted Refinancing Indebtedness issued; and 
 (d) Deliver to the Administrative Agent
and the Lenders promptly following any request from the Administrative Agent in its sole discretion, such other related materials evidencing the issuance of the Permitted Additional Notes or any Permitted Refinancing Indebtedness as the
Administrative Agent or the Majority Lenders may reasonably request. 

  
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 SECTION 6.15 [intentionally omitted] 

SECTION 6.16 Security. 

(a) The Security. The Secured Obligations will be secured by the Security Documents delivered pursuant to
Article IV and any additional Security Documents hereafter delivered by any Loan Party or any Affiliate of any Loan Party. 

(b) Agreement to Deliver Security Documents. 

(i) The Borrower shall promptly deliver, and to cause each of the Guarantors to deliver, to further secure the
Secured Obligations, (A) from and after a date not later than 60 days following the Closing Date, deeds of trust, mortgages, chattel mortgages, security agreements, financing statements and other Security Documents in form and substance satisfactory
to the Administrative Agent for the purpose of granting, confirming, and perfecting first and prior liens or security interests in (x) prior to the occurrence of a Default, at least
eightyninety percent (8090%) of the PV-9 of the Borrower’s and the Guarantors’ Oil
and Gas Properties constituting Proved Reserves and Probable Undeveloped Reserves, (y) after the occurrence of a Default, at least ninety-five percent (95%) of the PV-9 of the
Borrower’s and the Guarantors’ Oil and Gas Properties constituting Proved Reserves and Probable Undeveloped Reserves, and (B) from and after the Closing Date, all of the equity
interests of the Borrower or any Guarantor in any other Guarantor now owned or hereafter acquired by the Borrower or any Guarantor, and all property of the Borrower or any Guarantor of the type described in the Security Agreement. 

(ii) In connection with each delivery of an Engineering Report, the Borrower shall review the Engineering
Report and the list of current Mortgaged Properties to ascertain whether the Mortgaged Properties represent at least eightyninety percent
(8090%) of the PV-9 of the Oil and Gas Properties constituting Proved Reserves and Probable Undeveloped
Reserves, evaluated in the most recently completed Engineering Report after giving effect to exploration and production activities, acquisitions, dispositions and production. In the event that the Mortgaged Properties do not represent at
least such required percentages, then the Borrower shall, and shall cause its Restricted Subsidiaries to, promptly grant to the Pari Passu Collateral Agent as security for the Pari Passu Obligations a first-priority Lien interest (subject only to
Liens permitted by Section 7.1) on additional Oil and Gas Properties not already subject to a Lien of the Security Documents such that after giving effect thereto, the Mortgaged Properties will represent at least such required
percentages. All such Liens will be created and perfected by and in accordance with the provisions of deeds of trust, security agreements and financing statements or other Security Documents, all in form and substance reasonably satisfactory to
the Administrative Agent and in sufficient executed (and acknowledged where necessary or appropriate) counterparts for recording purposes. In order to comply with the foregoing, if any Restricted Subsidiary places a Lien on its Oil and Gas
Properties and such Subsidiary is not a Guarantor, then it shall become a Guarantor and comply with Section 6.16(d). 

  
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 (iii) The Borrower also agrees to promptly deliver, or to cause
to be promptly delivered, to the extent not already delivered, whenever requested by the Administrative Agent in its sole and absolute discretion (a) favorable title information (including, if reasonably requested by the Administrative Agent, title
opinions) acceptable to the Administrative Agent with respect to the Borrower’s or any Guarantor’s Oil and Gas Properties constituting at least eighty percent (80%) of the PV-9, of the Borrower’s and the Guarantors’ Oil and Gas
Properties constituting Proved Reserves, and demonstrating that the Borrower or a Guarantor, as applicable, have good and defensible title to such properties and interests, free and clear of all Liens (other than those permitted by Section
7.1) and covering such other matters as the Administrative Agent may reasonably request and (b) favorable opinions of counsel satisfactory to the Administrative Agent in its sole discretion opining that the forms of Mortgage are sufficient to
create valid first deed of trust or mortgage liens in such properties and interests and first priority assignments of and security interests in the Hydrocarbons attributable to such properties and interests and proceeds thereof. 

(iv) In addition and not by way of limitation of the foregoing, in the case of the Borrower or any Guarantor
granting a Lien in favor of the Administrative Agent upon any assets having a present value in excess of $10,000,000 located in a new jurisdiction, the Borrower or Guarantor will at its own expense, promptly obtain and furnish to the Administrative
Agent all such opinions of legal counsel as the Administrative Agent may reasonably request in connection with any such security or instrument. 

(v) Commencing on a date no later than 60 days after the Closing Date, the Borrower and its Restricted
Subsidiaries shall keep and maintain each deposit account and each securities account with a financial institution reasonably acceptable to the Administrative Agent and subject to an Account Control Agreement, other than deposit accounts holding in
the aggregate less than $103 million. 
 (c)
Perfection and Protection of Security Interests and Liens. In addition and not by way of limitation of the foregoing, the Borrower will from time to time promptly deliver, or cause to be promptly delivered, to the Administrative Agent
any financing statements, continuation statements, extension agreements and other documents, properly completed (and executed and acknowledged when required) by the Borrower or appropriate Guarantor in form and substance satisfactory to the
Administrative Agent, which the Administrative Agent requests for the purpose of perfecting, confirming, or protecting any Liens or other rights in the collateral securing any Secured Obligations. In addition to the foregoing, the Borrower
hereby authorizes, and shall cause each Guarantor to authorize, the Pari Passu Collateral Agent, on behalf of the Issuing Bank and the Lenders, to file in the appropriate filing office pursuant to applicable Law such financing statements,
assignments and continuation statements as the Administrative Agent shall deem necessary or desirable for the purpose of perfecting, confirming, or protecting any Liens or other rights in the collateral securing any Pari Passu Obligations without
the signature of the Borrower or any Guarantor. 
 (d) Additional Restricted Subsidiaries. Within 30 Business
Days after the Borrower or any Loan Party creates, acquires or otherwise forms any other Material Subsidiary (other than a Subsidiary designated as an Unrestricted Subsidiary in accordance with Section 1.6(b)), the Borrower
shall: 
 (i) execute and deliver, or cause each such Loan Party owning any of the outstanding equity
interests in such Material Subsidiary to execute and deliver, as applicable, to the Pari Passu Collateral Agent on behalf of the Pari Passu Secured Parties, a Pledge Agreement, or an amendment or supplement to an existing Pledge
Agreement, if appropriate, pursuant to which all of the outstanding equity interests in such Material Subsidiary owned by the Borrower or such Loan Party shall be pledged to the Pari Passu Collateral Agent on behalf of the Pari
Passu Secured Parties, together with any certificates representing all equity interests so pledged, if any, and for each such certificate representing shares of stock, a stock power executed in blank; 

  
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 (ii) cause such Material Subsidiary to execute
and deliver to the Administrative Agent on behalf of the Lenders (i) a Guaranty, (ii) a ratification and acceptance of the Subordination Agreement, (iii) an agreement substantially similar to the Security Documents executed and delivered on the
Closing Date and (iv) to the extent required by Section 6.16(b), a Mortgage as to all Oil and Gas Properties containing any proved Hydrocarbon reserves owned or leased by such Material Subsidiary; 

(iii) cause such Material Subsidiary to execute and deliver to the Pari Passu
Collateral Agent on behalf of the Pari Passu Secured Parties, or to authorize the Pari Passu Collateral Agent to file or record without such Material Subsidiary’s signature, appropriate financing statements covering the
collateral of such Material Subsidiary described in the Security Documents required to be delivered pursuant to the foregoing clauses (i) or (ii); 

(iv) deliver or cause to be delivered to the Administrative Agent on behalf of the Lenders and the Issuing Bank
all agreements, documents, instruments and other writings of the type described in Section 4.1(a)(iii), (iv) and (vi) with respect to such Material Subsidiary and opinions of counsel acceptable to the
Administrative Agent and in form and substance satisfactory to the Administrative Agent covering the matters covered by the opinions delivered on the Closing Date with respect to such Material Subsidiary; and 

(v) deliver or cause to be delivered to the Administrative Agent on behalf of the Lenders all such information
regarding the condition (financial or otherwise), business and operations of such Material Subsidiary as the Administrative Agent, or the Issuing Bank or any Lender through the Administrative Agent, may reasonably request. 

(e) Production Proceeds. Notwithstanding that, by the terms of the various Security Documents, the Loan Parties
are and will be assigning to the Pari Passu Collateral Agent and the Pari Passu Secured Parties all of the “Production” (as defined therein) and the proceeds therefrom accruing to the properties covered thereby, so long as no Event of
Default has occurred, the Loan Parties may continue to receive from the purchasers of production all such Production Proceeds, subject, however, to the Liens created under the Security Documents, which Liens are hereby affirmed and
ratified. Upon the occurrence of an Event of Default, the Pari Passu Collateral Agent and the Pari Passu Secured Parties may exercise all rights and remedies granted under the Security Documents, including the right to obtain possession of all
Production Proceeds then held by any 

  
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Loan Party or to receive directly from the purchasers of production all other Production Proceeds. In no case shall any failure, whether purposeful or inadvertent, by the Pari Passu
Collateral Agent or the Pari Passu Secured Parties to collect directly any such Production Proceeds constitute in any way a waiver, remission or release of any of its or their rights under the Security Documents, nor shall any release of any
Production Proceeds by the Pari Passu Collateral Agent or Pari Passu Secured Parties to any Loan Party constitute a waiver, remission, or release of any other Production Proceeds or of any rights of the Pari Passu Collateral Agent or the Pari Passu
Secured Parties to collect other Production Proceeds thereafter. 
 SECTION
6.17 Keepwell. The Borrower hereby absolutely, unconditionally and irrevocably undertakes to provide such funds or other support as may be needed from time to time by each other Loan Party to honor all of its
obligations under any Hedging Agreement with a Lender or Affiliate of a Lender or any Guaranty in respect of any obligations or other liabilities under a Hedging Agreement with a Lender or Affiliate of a Lender (provided, however, that
the Borrower shall only be liable under this Section 6.17 for the maximum amount of such liability that can be hereby incurred without rendering its obligations under this Section 6.17 or otherwise voidable under applicable law
relating to fraudulent conveyance or fraudulent transfer, and not for any greater amount). The obligations of the Borrower under this Section 6.17 shall remain in full force and effect until payment in full of the Secured Obligations and
the termination of this Agreement. The Borrower intends that this Section 6.17 constitute, and this Section 6.17 shall be deemed to constitute, a “keepwell, support, or other agreement” for the benefit of each other
Credit Party for all purposes of section 1a(18)(A)(v)(II) of the Commodity Exchange Act. 
 SECTION
6.18 Unrestricted Subsidiaries. The Borrower: 
 (a) will cause the management, business and
affairs of each of Borrower and its Subsidiaries to be conducted in such a manner (including, without limitation, by keeping separate books of account, maintaining separate policies of insurance and by not permitting Properties of Borrower and its
respective Subsidiaries to be commingled) so that each Unrestricted Subsidiary will be treated as an entity separate and distinct from Borrower and the Restricted Subsidiaries (except (i) with respect to the treatment for tax purposes of the
Borrower or any Restricted Subsidiary holding any interest in an Unrestricted Subsidiary that is regarded as a partnership and (ii) for the common management/directorship between the Borrower and any Unrestricted Subsidiary); 

(b) will not, and will not permit any of the Restricted Subsidiaries to, incur, assume or suffer to exist Guaranty Obligations
or be or become liable for any Indebtedness of any Unrestricted Subsidiary; 
 (c) will not permit any Unrestricted
Subsidiary to hold any equity interest in, or any Indebtedness of, the Borrower or any Restricted Subsidiary; 
 (d) will
not permit any Unrestricted Subsidiary to have any Indebtedness other than Non-Recourse Debt; 
 (e) will not permit any
Unrestricted Subsidiary to be a party to any agreement, contract, arrangement or understanding with the Borrower or any Restricted Subsidiary of the 

  
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Borrower unless the terms of any such agreement, contract, arrangement or understanding are no less favorable to the Borrower or such Restricted Subsidiary than those that might be obtained at
the time from Persons who are not Affiliates of the Borrower; 
 (f) will not, nor will it permit any of its Restricted
Subsidiaries to, have any direct or indirect obligation (i) to subscribe for additional equity interests of such Person or (ii) to maintain or preserve such Person’s financial condition or to cause such Person to achieve any specified levels of
operating results; and 
 (g) will not permit any Unrestricted Subsidiary to Guarantee or otherwise directly or indirectly
provide credit support for, or grant a Lien on any of its property to secure, any Indebtedness of the Borrower or any of its Restricted Subsidiaries. 

SECTION 6.19 Title Information. 

(a) On or before the delivery to the Administrative Agent and the Lenders of each Engineering Report required by
Section 6.2(g), the Borrower will deliver title information in form and substance reasonably acceptable to the Administrative Agent covering enough of the Oil and Gas Properties evaluated by such Engineering Report that were not included
in the immediately preceding Engineering Report, so that the Administrative Agent shall have received together with title information previously delivered to the Administrative Agent, reasonably satisfactory title information on at least eighty
percent (80%) of the PV-9 of the Oil and Gas Properties constituting Proved Reserves, evaluated by such Engineering Report. 

(b) If the Borrower has provided title information for additional Properties under Section 6.19(a), the Borrower shall,
within 60 days of notice from the Administrative Agent that title defects or exceptions exist with respect to such additional Properties, either (1) cure any such title defects or exceptions (including defects or exceptions as to priority)
which are not permitted by Section 7.1 raised by such information, (2) substitute acceptable Mortgaged Properties (with no title defects or exceptions except for Liens permitted by Section 7.1) having an equivalent value or (3)
deliver title information in form and substance reasonably acceptable to the Administrative Agent so that the Administrative Agent shall have received, together with title information previously delivered to the Administrative Agent, reasonably
satisfactory title information on at least eighty percent (80%) of the PV-9 of the Oil and Gas Properties constituting Proved Reserves, evaluated by such Engineering Report. 

ARTICLE VII. 
 NEGATIVE
COVENANTS 
 So long as any Lender shall have any Commitment hereunder, any Loan or other Obligation shall remain unpaid
or unsatisfied, or any Letter of Credit shall remain outstanding, the Borrower shall not, and the Borrower shall not permit any Restricted Subsidiary to, directly or indirectly: 

SECTION 7.1 Liens. Create, incur, assume or suffer to exist, any Lien upon any of its property,
assets or revenues, whether now owned or hereafter acquired, or any income or profits therefrom, or assign or convey any right to receive income thereon, other than the following (each, a “Permitted Lien”): 

(a) (i) Liens existing pursuant to any Loan Document securing the
Secured Obligations and the Notes Obligations (as defined in the Intercreditor Agreement)Priority Lien Intercreditor Agreement) and (ii) Liens existing pursuant to any Second
Lien Document (as defined in the Second Lien Intercreditor Agreement) securing the Second Lien Obligations (as defined in the Second Lien Intercreditor Agreement); provided that, in the case of clauses (i) and (ii) above, any Liens securing such
Note Obligations shall be subject to the terms of the Priority Lien Intercreditor Agreement and any Liens securing such Second Lien Obligations shall be subject to the terms of the Second Lien Intercreditor Agreement; 

  
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 (b) Liens existing on the date hereof and listed on Schedule 7.1 and any
renewals or extensions thereof, provided that the property covered thereby is not increased and any renewal or extension of the obligations secured or benefited thereby is permitted by Section 7.3(b); 

(c) Liens for taxes not yet due or which are being contested in good faith and by appropriate proceedings which have the
effect of preventing the forfeiture or sale of the property subject to such Lien, if adequate reserves with respect thereto are maintained on the books of the applicable Person in accordance with GAAP; 

(d) carriers’, warehousemen’s, mechanics’, materialmen’s, repairmen’s, operator’s, statutory,
royalty owner’s or other like Liens arising in the ordinary course of business that are not overdue for a period of more than 30 days or which are being contested in good faith and by appropriate proceedings which have the effect of preventing
the forfeiture or sale of the property subject to such Lien, if adequate reserves with respect thereto are maintained on the books of the applicable Person in accordance with GAAP, and which do not secure Indebtedness and do not individually or in
the aggregate have a Material Adverse Effect; 
 (e) pledges or deposits in the ordinary course of business in connection
with workers’ compensation, unemployment insurance and other social security legislation, other than any Lien imposed by ERISA; 

(f) deposits to secure the performance of bids, trade contracts (other than for borrowed money), leases, statutory
obligations, surety and appeal bonds, performance bonds and other obligations of a like nature incurred in the ordinary course of business; 

(g) easements, rights-of-way, restrictions and other similar encumbrances affecting real property which, in the aggregate, are
not substantial in amount, and which do not in any case materially detract from the value of the property subject thereto or materially interfere with the ordinary conduct of the business of the applicable Person and which do not secure
Indebtedness; 
 (h) Liens on fixed or capital assets (excluding Hydrocarbon Interests) acquired, constructed or improved by
any Borrower or any Guarantor; provided that (i) such Liens secure Indebtedness permitted by clause (e) of Section 7.3, (ii) such Liens and the Indebtedness secured thereby are incurred prior to or within 90days after such
acquisition or the completion of such construction or improvement, (iii) the Indebtedness secured thereby does not exceed the cost of acquiring, constructing or improving such fixed or capital assets and (iv) such Liens shall not apply to any other
property or assets of any Borrower or any other Restricted Subsidiaries; 

  
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 provided, further that no intention to subordinate the first priority Lien granted
in favor of the Administrative Agent and the Lenders is to be hereby implied or expressed by the permitted existence of any Permitted Liens. 

SECTION 7.2 Investments. Make any Investments, except: 

(a) Investments (other than those permitted by clauses (b) through (h)) existing on the date hereof and listed
on Schedule 7.2; 
 (b) Investments held by the Borrower or such Restricted Subsidiary in the form of cash or cash
equivalents; 
 (c) advances to officers, directors and employees of the Borrower or any Restricted Subsidiary in an
aggregate amount not to exceed $50,000 at any time outstanding, for travel, entertainment, relocation and analogous ordinary business purposes; 

(d) Investments constituting (1) contributions of capital (but not loans or advances) made by the Borrower in any then
existing Guarantor or by any Guarantor in any other then existing Guarantor, and (2) loans or advances by the Borrower to any then existing Guarantor, provided that such Investment constituting a loan or advance shall be evidenced by a
Pledged Note pledged to the Administrative Agent pursuant to a Pledge Agreement; 
 (e) Guaranty Obligations permitted by
Section 7.3(c), (e), (f) and (ik); 

(f) Investments permitted by Section 7.4 (other than Section
7.4(d)); 
 (g) Investments in Unrestricted Subsidiaries or joint ventures in an aggregate amount not to exceed at any
one time outstanding $15,000,000; and 
 (h) Investments by the Borrower or any Guarantor in any Person other than the
Borrower or any then existing Restricted Subsidiary, provided that (1) all such Investments made after the Closing Date do not exceed $25,000,000 in the aggregate at any time; (2) such Investment shall not violate Section 7.8 or
Section 7.11, (3) that the Borrower shall, or shall cause such other Person to, comply with the provisions of Section 6.16(d) in accordance therewith; (4) both before and after giving effect to such Investment (on a pro forma basis
acceptable to the Administrative Agent) no Default or Event of Default shall have occurred and be continuing and all representations and warranties contained in Article V hereof shall be true and correct in all material respects as if made
both immediately before and immediately after the time of such Investment and (5) this Section 7.2(h) shall not apply to the Disposition of any Oil and Gas Properties. 

SECTION 7.3 Indebtedness. Create, incur, assume or suffer to exist any Indebtedness, except:

 (a) Indebtedness under the Loan Documents; 

  
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 (b) Indebtedness outstanding on the date hereof and listed on Schedule 7.3
and any refinancings, refundings, renewals or extensions thereof; provided that the amount of such Indebtedness is not increased at the time of such refinancing, refunding, renewal or extension except by an amount equal to a reasonable
premium or other reasonable amount paid, and fees and expenses reasonably incurred, in connection with such refinancing; 

(c) Guaranty Obligations of the Borrower or any Restricted Subsidiary in respect of Indebtedness otherwise permitted hereunder
of the Borrower or any wholly-owned Restricted Subsidiary; provided no Subsidiary other than a Guarantor shall guarantee Indebtedness permitted by Section 7.3(f) or Section
7.3(ik), and provided further, that if the Indebtedness being guaranteed under this Section 7.3(c) is subordinated to the
Obligations, such Guarantee Obligations shall be subordinated to the Obligations on terms at least as favorable to the Lenders as those contained in the subordination of such Indebtedness; 

(d) obligations (contingent or otherwise) of the Borrower or any Restricted Subsidiary existing or arising under any Hedging
Agreement with any Lender (or any Affiliate of any Lender) or any Person with an investment grade debt rating acceptable to the Administrative Agent at the time such Hedging Agreement is entered into or any other Person acceptable to the
Administrative Agent, provided that (i) such obligations are (or were) entered into by such Person in the ordinary course of business for the purpose of directly mitigating risks associated with liabilities, commitments, investments, assets,
or property held or reasonably anticipated by such Person, or changes in the value of securities issued by such Person and not for purposes of speculation or taking a “market view”; and (ii) such Hedging Agreement does not contain any
provision exonerating the non-defaulting party from its obligation to make payments on outstanding transactions to the defaulting party; 

(e) Indebtedness of the Borrower or any Guarantors (excluding Indebtedness of the type otherwise permitted by this
Section 7.3) in an aggregate principal amount not to exceed $25,000,000 at any time outstanding, provided that (i) such Indebtedness shall either be unsecured or secured only by Liens satisfying all of the conditions set forth in
Section 7.1(h); and (ii) the proceeds of such Indebtedness shall not be used to refinance, replace, collateralize, defease, redeem or repay any Indebtedness permitted by Section 7.3(f) or Section
7.3(ik). 
 (f)
unsecured Indebtedness of Borrower (and related unsecured Guaranty Obligations of the Guarantors) outstanding under (i) the 2012 Senior
Notes (together with any permitted Refinancing Indebtedness thereof), provided that after giving effect to the Exchange Offer
the aggregate principal amount of any Indebtedness outstanding thereunder (together with any Permitted Refinancing Indebtedness thereof) shall not exceed
$300,000,000169,747,000 at any time, (ii) the 2011 Senior Notes (together with any permitted Refinancing
Indebtedness thereof), provided that after giving effect to the Exchange Offer the aggregate principal amount of any Indebtedness outstanding thereunder
(together with any Permitted Refinancing Indebtedness thereof) shall not exceed $400,000,000 at any time,270,557,000
at any time, (iii) the 2015 Senior Notes (together with any permitted Refinancing Indebtedness thereof), provided that after giving effect to the Exchange Offer the aggregate principal amount of any Indebtedness outstanding thereunder (together with
any Permitted Refinancing Indebtedness thereof) shall not exceed $697,195,000 at any time (iii) any Permitted Additional Notes (together with any permitted Refinancing Indebtedness
thereof), provided that the aggregate principal amount of any 

  
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Indebtedness outstanding under such Permitted Additional Notes (together with any Permitted Refinancing Indebtedness thereof), not
including any amount used to call, redeem or repurchase 2012 Senior Notes or, 2011 Senior Notes or 2105 Senior
Notes (which, to the extent meeting the requirements of such definition, shall constitute Permitted Refinancing Indebtedness) shall not exceed $300,000,000 at any time, and (iv) any Permitted Refinancing Indebtedness
of items (i), (ii) or (iii)1,137,499,00 at any time, in each case less the amount of principal payments, redemptions or defeasance thereof; 

(g) Indebtedness constituting intercompany loans or advances owing by a Guarantor to the Borrower pursuant to
Section 7.2(d)(2) evidenced by a Pledged Note; 
 (h) unsecured insurance premium financing in the ordinary
course of business; 
 (i)
[Intentionally Omitted]; 

(j) the
Debt to be Repaid (so long as such Indebtedness is repaid on the Closing Date); and 

(k) (i)
secured Indebtedness of Borrower (and related Guaranty Obligations of the Guarantors) outstanding under (i) the 2015 Senior Secured
Notes2019 Second Lien Indenture Notes (together with any Permitted Refinancing Indebtedness thereof), provided that the
initial aggregate principal amount of any such Indebtednesssuch 2019 Second Lien Indenture Notes issued on
September 6, 2016 shall not exceed $700,000,000, and (ii)270,570,000, (ii) the 2020 Second Lien Indenture Notes (together with any Permitted Refinancing
Indebtedness thereof; and), provided that the initial aggregate principal amount of such 2020 Second Lien Indenture Notes issued on September 6, 2016 shall not exceed
$169,747,000; (iii) the Priority Lien Indenture Notes (together with any Permitted Refinancing Indebtedness thereof), provided that the initial aggregate principal amount of such Priority Indenture Notes issued on September 6, 2016 shall not exceed
$697,195,000, and the aggregate principal amount of the 2020 First Lien Indenture Notes issued after September 6, 2016 in connection with the payment of interest in kind under the 2020 First Lien Indenture shall not exceed $91,875,000 at any time,
in each case less the amount of principal payments, redemptions or defeasance thereof; 
 (j) the Debt to
be Repaid (so long as such Indebtedness is repaid on the Closing Date). 
 SECTION
7.4 Fundamental Changes. Merge, consolidate with or into, or convey, transfer, lease or otherwise dispose of (whether in one transaction or in a series of related transactions) all or substantially all of its assets, or
all or substantially all of the equity interests of any Restricted Subsidiary (whether now owned or hereafter acquired) to or in favor of any Person, or liquidate or dissolve, or permit any Restricted Subsidiary to issue any equity interests, except
that, so long as no Default or Event of Default exists or would result therefrom: 
 (a) any Restricted Subsidiary may merge
with (i) the Borrower, provided that the Borrower shall be the continuing or surviving Person, or (ii) any one or more Restricted Subsidiaries, provided that when any wholly-owned Subsidiary is merging with another Restricted
Subsidiary, the wholly-owned Subsidiary shall be the continuing or surviving Person; 

  
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 (b) any Restricted Subsidiary may sell all or substantially all of its assets to
the Borrower or to another Restricted Subsidiary; provided that if the seller in such a transaction is a wholly-owned Restricted Subsidiary, then the purchaser must also be a wholly-owned Restricted Subsidiary; 

(c) any Restricted Subsidiary may liquidate or dissolve if (i) the Borrower determines in good faith that such liquidation or
dissolution is in the best interests of the Borrower and is not materially disadvantageous to the Lenders and (ii) to the extent such Restricted Subsidiary is a Guarantor, any assets or business of such Guarantor shall be transferred to, or
otherwise owned or conducted by, a Loan Party after giving effect to such liquidation or dissolution; 
 (d) the Borrower or
any Restricted Subsidiary may make any Investment permitted by Section 7.2 (other than Section 7.2(f)); 

(e) the Borrower or any Restricted Subsidiary may make any Disposition permitted by Section
7.5 (other than Section 7.5(d)); and 
 (f) any Restricted
Subsidiary may issue equity interests to the Borrower or other Restricted Subsidiary; provided that a wholly-owned Restricted Subsidiary may only issue equity interests to the Borrower or another wholly-owned Restricted Subsidiary; 

provided, however, each Guarantor shall remain a wholly-owned Subsidiary of the Borrower. 

SECTION 7.5 Dispositions. Make any Disposition or enter into any agreement to make any
Disposition, except: 
 (a) Dispositions of obsolete or worn out property, whether now owned or hereafter acquired, in the
ordinary course of business; 
 (b) Dispositions of inventory in the ordinary course of business; 

(c) Dispositions of property by any Restricted Subsidiary to the Borrower or to a wholly-owned Restricted Subsidiary; 

(d) Dispositions permitted by Section 7.4 (other than Section
7.4(d)); 
 (e) if no Default or Event of Default exists either before or after such Disposition or would result
therefrom, Dispositions of Oil and Gas Properties constituting Proved Reserves included in the most recently delivered Engineering Report that, when aggregated with any other Disposition made pursuant to this Section 7.5(e) during any
calendar year, together with the Hedging Termination Value of any Hedge Liquidations during such period, have a fair market value not exceeding $25,000,000; 

(f) if no Default or Event of Default exists either before or after such Disposition or would result therefrom, Dispositions
of Hydrocarbon Interests that do not constitute Proved Reserves in the most recently delivered Engineering Report; and 

(g) if no Default or Event of Default exists either before or after such Disposition or would result therefrom, Dispositions
of any other assets (excluding Oil and Gas Properties and equity interests in Subsidiaries owning Oil and Gas Properties) provided that the aggregate fair market value of all such assets shall not exceed $25,000,000 in any calendar year; 

  
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 provided, however, that notwithstanding anything in this Agreement to the contrary,
(i) any Disposition pursuant to this Section 7.5 (other than clauses (a) and (c)) shall be for at least fair market value, (ii) each Guarantor shall remain a wholly-owned Subsidiary of the Borrower, (iii) the Borrower shall not
permit the Disposition of any asset to any Subsidiary that is not a Guarantor, (iv) the Borrower shall use the Net Sales Proceeds, if any, of any Disposition made while the Borrower is not, prior to or after giving effect to such Disposition, in
compliance with the Asset Coverage RatioSection 7.13(b), to make a mandatory payment as provided in Section 2.4(b); (v) if any such Disposition is of a
Restricted Subsidiary owning Oil and Gas Properties, such Disposition shall include all the Equity Interests of such Restricted Subsidiary; and (vi) both before and after giving effect to such Disposition, the Borrower shall be in pro forma
compliance with Section 7.13(b) (and, if requested by the Administrative Agent, the Borrower shall deliver to the Administrative Agent concurrently therewith a certificate of a
Responsible Officer setting forth reasonably detailed calculations demonstrating pro forma compliance with Section 7.13); 

SECTION 7.6 Restricted Payments. Declare or make, directly or indirectly, any Restricted
Payment, or incur any obligation (contingent or otherwise) to do so, except that: 
 (a) each Restricted Subsidiary may make
Restricted Payments, directly or indirectly, to the Borrower or a Guarantor; 
 (b) the Borrower may declare and make
dividend payments or other distributions payable solely in the common stock of the Borrower; 
 (c) the Borrower and each
Restricted Subsidiary may purchase, redeem or otherwise acquire shares of its common stock or warrants or options to acquire any such shares with the proceeds received from the substantially concurrent issue of new shares of its common stock (other
than shares issued or sold to a Subsidiary of the Borrower); 
 provided, however, that notwithstanding the foregoing, no
Restricted Payment pursuant to clause (c) shall be made at any time when the Outstanding Amount exceeds, or would exceed after giving effect to any Credit Extension the proceeds of which are used (or are intended to be used) to fund any
portion of such Restricted Payment made pursuant to any such clause, 50% of the Aggregate Commitments then in effect; and further provided, however, that neither the Borrower nor any Subsidiary shall issue any Disqualified
Stock. 
 SECTION 7.7 ERISA. At any time engage in a transaction which could be subject to
Section 4069 or 4212(c) of ERISA, or permit any Plan to (a) engage in any non-exempt “prohibited transaction” (as defined in Section 4975 of the Code); (b) fail to comply with ERISA or any other applicable Laws; (c) fail to maintain the
qualified status of any Plan that is intended to qualify under Section 401(a) of the Code; or (d) incur any material “waived funding deficiency” (as defined in Section 412 of the Code), which, with respect to each event listed above, could
be reasonably expected to have a Material Adverse Effect. 

  
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 SECTION 7.8 Change in Nature of Business. Engage
in any material line of business substantially different from those lines of business conducted by the Borrower and its Restricted Subsidiaries on the date hereof. 

SECTION 7.9 Transactions with Affiliates. Enter into any transaction of any kind with any
Affiliate of the Borrower (including without limitation, the purchase from, sale to, or exchange of property with, or the rendering of any service by or from, any Affiliate), except in the ordinary course of, and pursuant to the reasonable
requirements of, the Borrower’s or any Guarantor’s business and upon fair and reasonable terms no less favorable to the Borrower or such Guarantor than would be obtained in a comparable arms-length transaction with a Person other than an
Affiliate provided such transactions are otherwise permitted hereunder. 
 SECTION
7.10 Burdensome Agreements. Enter into any Contractual Obligation (other than this Agreement and the other Loan Documents) that (i) requires the grant of any Lien for any obligations if a Lien is granted to secure the
Secured Obligations (other than as provided in the Priority Lien Intercreditor Agreement or the Second Lien Intercreditor Agreement), or (ii) that limits the ability of (a) any Restricted
Subsidiary to make Restricted Payments or loans or advances to the Borrower or any Guarantor or to otherwise transfer property to the Borrower or any Guarantor, (b) any Restricted Subsidiary to Guarantee the Secured Obligations, (c) the Borrower or
any Restricted Subsidiary to create, incur, assume or suffer to exist Liens on property of such Person, other than in the case of this clause (c), Contractual Obligations pursuant to the Indenture Debt Documents as described in
Schedule7.10; provided that no such Contractual Obligation shall restrict any Lien securing the Secured Obligations, provided, further, that this clause (c) shall not prohibit any negative pledge incurred or
provided in favor of any holder of any Lien permitted under Section 7.1(h) solely to the extent any such negative pledge relates to the property encumbered by such Lien, (d) any Restricted Subsidiary to repay Indebtedness owed to the Borrower
or any Guarantor or (e) the ability of any Loan Party to amend or otherwise modify this Agreement or any other Loan Document. 

SECTION 7.11 Use of Proceeds. Use the proceeds of any Credit Extension, whether directly or
indirectly, and whether immediately, incidentally or ultimately, to purchase or carry margin stock (within the meaning of Regulation U of the Board) or to extend credit to others for the purpose of purchasing or carrying margin stock or to refund
indebtedness originally incurred for such purpose. 
 SECTION 7.12 Payments and Modification of
Indenture Debt Documents. Make, or permit any Restricted Subsidiary to make (or give any notice to make), any optional redemption, optional repurchase, optional payment or optional prepayment of principal of, or make any optional payment of
interest on, any Indebtedness under any Indenture Debt Document on any day other than the stated, scheduled date for such payment set forth in the documents and instruments memorializing such Indebtedness, or defease (whether a covenant defeasance,
legal defeasance or other defeasance), or enter into any agreement or arrangement providing for any defeasance of any kind of any Indebtedness under any Indenture Debt Document, or make any deposit for any of the foregoing purposes (all of the
foregoing defined herein as “Optional Indebtedness Payments”), or amend or modify, or consent or agree to any amendment or modification of, any Indenture Debt Document, except: 

  
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 (a) On September 6, 2016,
(i) the exchange of at least an aggregate principal amount of $270,557,000 of the 2011 Senior Notes for the 2019 Second Lien Indenture Notes pursuant to the Exchange Offer, and (ii) the exchange of at least an aggregate principal amount of
$169,747,000 of the 2012 Senior Notes for the 2020 Second Lien Indenture Notes pursuant to the Exchange Offer; 

(b) On September 6, 2016, the exchange of at least an aggregate
principal amount of $697,195,000 of the 2015 Senior Notes for the Priority Lien Indenture Notes pursuant to the Exchange Offer; 

(c)(a) From and after March 4,
2015,September 6, 2016, Optional Indebtedness Payments to repurchase Indebtedness under the Indenture Debt Documents in an aggregate cash payment
amount2019 Second Lien Indenture, the 2020 Second Lien Indenture and the Priority Lien Indenture in an aggregate amount not to exceed an amount equal to twenty-five percent (25%) of
the net cash proceeds of, a substantially simultaneous issuance of common stock of the Borrower (excluding any issuance to any Subsidiary), or an amount equal to twenty-five percent (25%) of the Net Sale Proceeds of a substantially simultaneous
Disposition, provided that (i) such aggregate cash payment amount for all such Optional Indebtedness Payments (excluding any accrued interest thereon) shall not
toin any event exceed $50,000,000, provided that (i10,000,000, (ii) both before and after
giving effect to such payment, (on a pro forma basis acceptable to the Administrative Agent) (A) no Default or Event of Default shall have occurred and be continuing and all representations and warranties contained
in Article V hereof shall be true and correct in all material respects as if made at the time of such payment and (B) the sum of cash held in depository accounts under control of the Administrative Agent and available unfunded
Aggregate Commitments then in effect shall not be less than $50,000,000 and (ii, (iii) prior to any such payment the Borrower delivers to the Administrative
Agent a certificate of a Responsible Officer certifying as to the foregoing; in addition, the Borrower may make any Optional Indebtedness Payment with the proceeds of, or in exchange for, a substantially simultaneous
issuance of common stock of the Borrower, provided that both before and after giving effect to such Optional Indebtedness Payment (i) no Default or Event of Default shall have occurred and be continuing and (ii) the Outstanding Amount shall not
exceed 50% of the Aggregate Commitments then in effect;, (iv) any such repurchase shall be at or below par, and (v) such Disposition and use of such asset sale proceeds is permitted by
Section 7.5; 
 (d) (c) repurchases with
the proceeds of Permitted Refinancing Indebtedness; 
 provided, however, that the foregoing shall not (i) permit any Optional
Indebtedness Payments otherwise prohibited by the terms of any applicable subordination or intercreditor agreement or (ii) prohibit the execution of supplemental agreements in connection with the issuance of Permitted Refinancing Indebtedness or
Permitted Additional Notes or the addition of guarantors if required by the terms thereof (provided such guarantor complies with Section 6.16(d), whether or not a Material Subsidiary). 

  
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 SECTION 7.13  Financial
Covenants. 
 (a) Current Ratio. The Borrower will not permit, at any time, the ratio of (i) consolidated current assets
of the Borrower and the Restricted Subsidiaries (including the unused amount of the Aggregate Commitments, but excluding non-cash assets under ASC Topic 815, formerly FAS 133) to (ii) consolidated current liabilities of the Borrower and the
Restricted Subsidiaries (excluding non-cash obligations under ASC Topic 815, formerly FAS 133, that may be classified as current liabilities and current maturities under this Agreement) to be less than 1.0 to 1.0. 

(b) Asset Coverage Ratio. The Borrower will not, at any time, permit the Asset Coverage Ratio to be less than 2.5 to 1.0. 

SECTION 7.14  Limitation on Hedges. Enter into any commodity hedging or derivative transactions except Hedging
Agreements related to bona fide hedging activities of the Borrower or any of its Restricted Subsidiaries in an aggregate notional amount not to exceed, with respect to any calendar quarter, 80% of the Borrower’s and its Restricted
Subsidiaries’ projected production of oil (for oil related transactions) and 80% of the Borrower’s and its Restricted Subsidiaries’ projected production of natural gas (for natural gas related transactions), in each case, during such
future calendar quarter, but in no event in excess of actual production in such calendar quarter. 
 SECTION 7.15 
Hedging Agreement Termination. Effect or permit a Hedge Liquidation of any Hedging Agreement unless the Borrower is in compliance with Section 7.13 on a pro forma basis (and the Borrower shall deliver to the Administrative Agent
concurrently therewith a certificate of a Responsible Officer setting forth reasonably detailed calculations demonstrating pro forma compliance with Section 7.13 to (i) remove the Hedging Agreement that is the subject of such Hedge
Liquidation, (ii) take into account any new Hedging Agreement entered into at or about the same time, and (iii) recalculate Indebtedness on a pro forma basis to give effect to any concurrent repayment of Indebtedness); provided that (i) the
Hedging Termination Value of any Hedge Liquidations during any calendar year, together with the fair market value of any Dispositions pursuant to Section 7.5(e) during such period, shall not exceed $25,000,000. 

SECTION 7.16  Sanction Laws. Engage in or conspire to engage in any transaction that evades or avoids, or has the
purpose of evading or avoiding, or attempts to violate, any prohibition set forth in any Anti-Terrorism Law, (ii) cause or permit any of the funds that are used to repay the Loans to be derived from any unlawful activity with the result that the
making of the Loans would be in violation of any applicable Laws, (iii) use any part of the proceeds of the Loans, directly or indirectly, for any payment to any governmental official or employee, political party, official of a political party,
candidate for political office, or anyone else acting in an official capacity, in order to obtain, retain or direct business or obtain any improper advantage, in violation of the FCPA or (iv) use any of the proceeds from the Loans to finance any
operations, investments or activities in, or make any payments to, any Restricted Person or other Person with the result that the Lender would be in violation of any applicable Laws. 

SECTION 7.17  Sale and Leaseback Transactions and other Off-Balance Sheet Liabilities. The Borrower will not, nor
will the Borrower permit any of its Restricted Subsidiaries to, enter into or suffer to exist any (i) sale and leaseback transaction or (ii) 

  
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any other transaction pursuant to which it incurs or has incurred Off-Balance Sheet Liabilities, except for (x) Hedging Agreements to the extent permitted under the terms of Section 7.3(d)
and (y) Advance Payment Contracts to the extent permitted under the terms of Section 7.22. 
 SECTION 7.18
 Sale or Discount of Receivables. Except for receivables obtained by the Borrower or any Restricted Subsidiary that are outside the ordinary course of business or the settlement of joint interest billing accounts in the ordinary
course of business or discounts granted to settle collection of accounts receivable or the sale of defaulted accounts arising in the ordinary course of business in connection with the compromise or collection thereof and not in connection with any
financing transaction, neither the Borrower nor any Restricted Subsidiary will discount or sell (with or without recourse) any of its notes receivable or accounts receivable. 

SECTION 7.19  Additional Collateral for 2015 Senior Secured
Notes. The Borrower will not, and will not permit its Subsidiaries to, grant a Lien on any property or asset to secure the Senior Secured2019 Second Lien Indenture
Notes, the 2020 Second Lien Indenture Notes, the Priority Lien Indenture Notes or Permitted Refinancing Indebtedness in respect thereof, or provide any additional guaranty or other credit enhancement in favor of the Senior Secured
Notesany Trustee or any Senior Secured NoteholdersNoteholder in connection with the 2015 Senior
Secured2019 Second Indenture Notes, the 2020 Second Lien Indenture Notes, or the Priority Lien Indenture Notes or any Permitted Refinancing Indebtedness in respect thereof except
(i) in compliance with the Priority Lien Intercreditor Agreement and the Second Lien Intercreditor Agreement, and (ii) providing the same guaranty or other credit enhancement in favor of
the Administrative Agent in connection with the Obligations. 
 SECTION 7.20
 Limitation on Issuances and Sales of Preferred Stock of Restricted Subsidiaries. The Borrower (a) shall not permit any Restricted Subsidiary to issue or sell any Preferred Stock to any Person other than to the Borrower or one
of its wholly owned Restricted Subsidiaries and (b) shall not permit any Person other than the Borrower or one of its wholly owned Restricted Subsidiaries to own any Preferred Stock of any other Restricted Subsidiary except, in each case, for (i)
the Preferred Stock of a Restricted Subsidiary owned by a Person at the time such Restricted Subsidiary became a Restricted Subsidiary or (ii) a sale of Preferred Stock in connection with the sale of all of the capital stock of a Restricted
Subsidiary owned by the Borrower or its Subsidiaries effected in accordance with Section 7.5 hereof. 
 SECTION
7.21  Gas Imbalances, Take-or-Pay or Other Prepayments. The Borrower will not allow gas imbalances, take-or-pay or other prepayments (including pursuant to an Advance Payment Contract) with respect to the Oil and Gas
Properties of the Borrower or any Restricted Subsidiary that would require the Borrower or such Restricted Subsidiary to deliver Hydrocarbons at some future time without then or thereafter receiving full payment therefor to exceed the greater of (a)
1 Bcf of gas or (b) 2% of the annual production of gas of the Borrower and its Restricted Subsidiaries for the most recent calendar year, each on an Mcf equivalent basis, in the aggregate. 

  
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 ARTICLE VIII. 

EVENTS OF DEFAULT AND REMEDIES 

SECTION 8.1 Events of Default. Any of the following shall constitute an Event of Default: 

(a) Non-Payment. The Borrower fails to pay after the same becomes due any amount of principal of any Loan or any
L/C Obligation, or any interest on any Loan or on any L/C Obligation, or any commitment fee or other fee due hereunder, or any other amount payable hereunder or under any other Loan Document; or 

(b) Specific Covenants. The Borrower fails to perform or observe any term, covenant or agreement contained in any
of Sections 6.3, 6.5, 6.7, 6.10, 6.12, 6.14, 6.16, 6.17, 6.18, or Article VII; or 

(c) Other Defaults. Any Loan Party fails to perform or observe any other covenant or agreement (not specified in
clauses (a) or (b) above) contained in any Loan Document on its part to be performed or observed and such failure continues for 30 days after the earlier of (i) written notice to the Borrower from the Administrative Agent or (ii) the
date a Responsible Officer of the Borrower or such other Loan Party had actual knowledge of such failure; or 
 (d)
Representations and Warranties. Any representation or warranty made or deemed made by the Borrower or any other Loan Party herein, in any other Loan Document, or in any certificate or document delivered in connection herewith or
therewith proves to have been incorrect in any material respect when made or deemed made; or 
 (e)
Cross-Default. The Borrower or any Restricted Subsidiary (A) fails to make any payment when due (whether by scheduled maturity, required prepayment, acceleration, demand, or otherwise) in respect of any Indebtedness or Guaranty
Obligation having an aggregate principal amount (including undrawn or available amounts and including amounts owing to all creditors under any combined or syndicated credit arrangement) of more than $25,000,000, or (B) fails to observe or perform
any other agreement or condition relating to any such Indebtedness or Guaranty Obligation or contained in any instrument or agreement evidencing, securing or relating thereto, or any other event occurs, the effect of which default or other event is
to cause, or to permit the holder or holders of such Indebtedness or the beneficiary or beneficiaries of such Guaranty Obligation (or a trustee or agent on behalf of such holder or holders or beneficiary or beneficiaries) to cause (with or without
the actual giving of notice, the lapse of time, or both), such Indebtedness to be demanded or to become due or to be repurchased, defeased, prepaid or redeemed (automatically or otherwise), or an offer to repurchase, prepay, defease or redeem such
Indebtedness or Guaranty Obligations to be made, prior to its stated maturity, or such Guaranty Obligation to become payable or cash collateral in respect thereof to be demanded; or 

(f) Insolvency Proceedings, Etc. The Borrower or any Restricted Subsidiary institutes or consents to the
institution of any proceeding under any Debtor Relief Law, or makes an assignment for the benefit of creditors; or applies for or consents to the appointment of any receiver, trustee, custodian, conservator, liquidator, rehabilitator or similar
officer for it or for all 

  
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or any material part of its property; or any receiver, trustee, custodian, conservator, liquidator, rehabilitator or similar officer is appointed without the application or consent of such Person
and the appointment continues undischarged or unstayed for 30 calendar days; or any proceeding under any Debtor Relief Law relating to any such Person or to all or any part of its property is instituted without the consent of such Person and
continues undismissed or unstayed for 30 calendar days, or an order for relief is entered in any such proceeding; or 
 (g)
Inability to Pay Debts; Attachment. (i) The Borrower or any Restricted Subsidiary becomes unable or admits in writing its inability or fails generally to pay its debts as they become due, or (ii) any writ or warrant of attachment or
execution or similar process is issued or levied against all or any material part of the property of any such Loan Party and is not released, vacated or fully bonded within 30 days after its issue or levy; or 

(h) Judgments. There is entered against the Borrower or any Restricted Subsidiary (i) one or more final judgments
or orders for the payment of money which together with other such judgments or orders exceeds the aggregate amount of $25,000,000 (to the extent not covered by independent third-party insurance as to which the insurer does not dispute coverage), or
(ii) any non-monetary final judgment that has, or would reasonably be expected to have, a Material Adverse Effect and, in either case, (A) enforcement proceedings are commenced by any creditor upon such judgment or order, or (B) there is a period of
30 consecutive days during which a stay of enforcement of such judgment, by reason of a pending appeal or otherwise, is not in effect; or 

(i) ERISA. (i) An ERISA Event occurs with respect to a Pension Plan or Multiemployer Plan which has resulted or
could reasonably be expected to result in liability of the Borrower or any Restricted Subsidiary under Title IV of ERISA to the Pension Plan, Multiemployer Plan or the PBGC, or (ii) the Borrower or any Restricted Subsidiary or any ERISA Affiliate
fails to pay when due, after the expiration of any applicable grace period, any installment payment with respect to its withdrawal liability under Section 4201 of ERISA under a Multiemployer Plan; or 

(j) Event of Default Under Other Loan Document. Any event of default described in any Security Document or any
other Loan Document shall have occurred and be continuing, or any material provision of any Security Agreement or any other Loan Document shall at any time for any reason cease to be valid, binding and enforceable against any Loan Party that is an
obligor thereunder; or 
 (k) Invalidity of Loan Documents. Any Loan Document, at any time after its execution
and delivery and for any reason other than the agreement of all the Lenders or satisfaction in full of all the Obligations or as permitted by Section 9.11, ceases to be in full force and effect, or is declared by a court of competent
jurisdiction to be null and void, invalid or unenforceable in any respect; or any Loan Party denies that it has any or further liability or obligation under any Loan Document, or purports to revoke, terminate or rescind any Loan Document; or 

(l) Change of Control. There occurs any Change of Control with respect to any of the Borrower or, except as
permitted by Section 7.4, any Restricted Subsidiary; or there occurs any “Change of Control Triggering Event” or any comparable event under any Indenture Debt Document; or 

  
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 (m) Material Adverse Effect. There occurs any event or circumstance
that has a Material Adverse Effect which Material Adverse Effect shall not have been cured within 30days following notice from the Administrative Agent; or 

(n) The Intercreditor
AgreementAgreements. After delivery thereof shall for any reason, except to the extent permitted by the terms thereof, the
Priority Lien Intercreditor Agreement or the Second Lien Intercreditor Agreement shall cease to be in full force and effect and valid, binding and enforceable in accordance with
its respective terms against the Borrower, any other Loan Party, the Senior Secured Notes TrusteeTrustees, the
Senior Secured Noteholders or any other party thereto or shall be repudiated by any of them, or cease to establish the relative lien priorities required or purported thereby, or the Borrower, any other Loan Party, the Senior Secured Notes
TrusteeTrustees, the Senior Secured Noteholders or any of their Affiliates shall so state in writing. 

SECTION 8.2 Remedies Upon Event of Default. If any Event of Default occurs, the Administrative
Agent may, or shall at the request of the Majority Lenders, 
 (a) declare the commitment of each Lender to make Loans and
any obligation of the Issuing Bank to make L/C Credit Extensions to be terminated, whereupon such commitments and obligation shall be terminated; 

(b) declare the unpaid principal amount of all outstanding Loans, all interest accrued and unpaid thereon, and all other
amounts owing or payable hereunder or under any other Loan Document to be immediately due and payable, without presentment, demand, protest or other notice of any kind, all of which are hereby expressly waived by the Borrower; 

(c) require that the Borrower Cash Collateralize the L/C Obligations (in an amount equal to 105% of the then Outstanding
Amount thereof); and 
 (d) exercise on behalf of itself and the Lenders all rights and remedies available to it and the
Lenders under the Loan Documents or applicable law, including, without limitation, the enforcement of the Administrative Agent’s and the Lenders’ rights either by suit in equity, or by action at law, or by other appropriate proceedings,
whether for the specific performance (to the extent permitted by law) of any covenant or agreement contained in this Agreement or in any then outstanding Note or any Security Document or in aid of the exercise of any power granted in this Agreement
or in any then outstanding Note or any Security Document; 
 provided, however, that upon the occurrence of any event
specified in clause (f) of Section 8.1, the obligation of each Lender to make Loans and any obligation of the Issuing Bank to make L/C Credit Extensions shall automatically terminate, the unpaid principal amount of all outstanding
Loans and all interest and other amounts as aforesaid shall automatically become due and payable, and the obligation of the Borrower to Cash Collateralize the L/C Obligations as aforesaid shall automatically become effective, in each case without
further act of the Administrative Agent or any Lender. 
 SECTION 8.3 Distribution of
Proceeds. All proceeds of any realization on the Collateral received by the Administrative Agent pursuant to the Security Documents or any payments on any of the liabilities secured by the Security Documents received by the

  
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Administrative Agent or any Lender upon and during the continuance of any Event of Default shall be allocated and distributed as follows (and with respect to any contingent obligation shall be
held as cash collateral for application as follows): 
 (a) First, to the payment of all costs and expenses, including
without limitation all attorneys’ fees, of the Administrative Agent in connection with the enforcement of the Security Documents and otherwise administering this Agreement; 

(b) Second, to the payment of all costs, expenses and fees, including without limitation, commitment fees, letter of credit
fees and attorneys’ fees, owing to the Issuing Bank and the Lenders pursuant to the Obligations on a pro rata basis in accordance with the Obligations consisting of fees, costs and expenses owing to the Issuing Bank and the Lenders under the
Obligations for application to payment of such liabilities; 
 (c) Third, to the Issuing Bank, the Lenders or any Affiliate
of a Lender on a pro rata basis in accordance with (i) the Obligations consisting of interest and principal owing to the Lenders under the Obligations, (ii) any obligations owing pursuant to any Lender Provided Hedging Agreement (whether pursuant to
a termination thereof or otherwise) and (iii) any reimbursement obligations or other liabilities owing to the Issuing Bank or any Lender with respect to any Letter of Credit or any application for a Letter of Credit, for application to payment of
such liabilities; 
 (d) Fourth, to the payment of any and all other amounts owing to the Administrative Agent, the Issuing
Bank and the Lenders on a pro rata basis in accordance with the total amount of such Indebtedness owing to each of the Lenders, for application to payment of such liabilities; and 

(e) Fifth, to the Borrower or such other Person as may be legally entitled thereto. 

Notwithstanding the foregoing, (i) amounts received from the Borrower or any other Credit Party that is not an “eligible contract
participant” under the Commodity Exchange Act or any regulations promulgated thereunder shall not be applied to any Excluded Swap Obligations; provided, however, appropriate adjustments shall be made with respect to payments from
other Credit Parties to preserve the allocation of Secured Obligations otherwise set forth above in this Section, and (ii) Secured Obligations arising from Lender Provided Hedging Agreements shall be excluded from the application described above if
the Administrative Agent has not received written notice thereof, together with such supporting documentation as the Administrative Agent may request, from the applicable Lender or Lender Affiliate, as the case may be. 

ARTICLE IX. 

ADMINISTRATIVE AGENT 

SECTION 9.1 Appointment and Authorization of Administrative Agent. 

(a) Each Lender hereby irrevocably (subject to Section 9.9) appoints, designates and authorizes the Administrative
Agent to take such action on its behalf under the provisions of this Agreement and each other Loan Document and to exercise such powers and perform such duties as are expressly delegated to it by the terms of this Agreement or any other Loan
Document, together 

  
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with such powers as are reasonably incidental thereto. Notwithstanding any provision to the contrary contained elsewhere herein or in any other Loan Document, the Administrative Agent shall
not have any duties or responsibilities, except those expressly set forth herein, nor shall the Administrative Agent have or be deemed to have any fiduciary relationship with any Lender or participant, and no implied covenants, functions,
responsibilities, duties, obligations or liabilities shall be read into this Agreement or any other Loan Document or otherwise exist against the Administrative Agent. Without limiting the generality of the foregoing sentence, the use of the
term “agent” herein and in the other Loan Documents with reference to the Administrative Agent is not intended to connote any fiduciary or other implied (or express) obligations arising under agency doctrine of any applicable
law. Instead, such term is used merely as a matter of market custom, and is intended to create or reflect only an administrative relationship between independent contracting parties. Each Lender hereby agrees to assert no claim against the
Administrative Agent on any agency theory or any other theory of liability for breach of fiduciary duty, all of which claims are hereby expressly waived by each Lender. 

(b) The Issuing Bank shall act on behalf of the Lenders with respect to any Letters of Credit issued by it and the documents
associated therewith until such time (and except for so long) as the Administrative Agent may agree at the request of the Majority Lenders to act for the Issuing Bank with respect thereto; provided, however, that the Issuing Bank shall
have all of the benefits and immunities (i) provided to the Administrative Agent in this Article IX with respect to any acts taken or omissions suffered by the Issuing Bank in connection with Letters of Credit issued by it or proposed to be
issued by it and the application and agreements for letters of credit pertaining to the Letters of Credit as fully as if the term “Administrative Agent” as used in this Article IX included the Issuing Bank with respect to such acts
or omissions, and (ii) as additionally provided herein with respect to the Issuing Bank. 
 SECTION
9.2 Delegation of Duties. The Administrative Agent may execute any of its duties under this Agreement or any other Loan Document by or through agents, employees or attorneys-in-fact and shall be entitled to advice of
counsel and other consultants or experts concerning all matters pertaining to such duties. The Administrative Agent shall not be responsible for the negligence or misconduct of any agent or attorney-in-fact that it selects in the absence of
gross negligence or willful misconduct. 
 SECTION 9.3 Liability of Administrative Agent. No
Agent-Related Person shall (a) be liable for any action taken or omitted to be taken by any of them under or in connection with this Agreement or any other Loan Document or the transactions contemplated hereby (except for its own gross negligence or
willful misconduct in connection with its duties expressly set forth herein as determined by a court of competent jurisdiction by a final and non-appealable judgment), or (b) be responsible in any manner to any Lender or participant for any recital,
preliminary statement, statement, representation or warranty made by the Borrower or any Subsidiary or any Affiliate thereof or any officer thereof, contained herein or in any other Loan Document, or in any certificate, report, statement or other
document referred to or provided for in, or received by the Administrative Agent under or in connection with, this Agreement or any other Loan Document, or the validity, effectiveness, genuineness, enforceability or sufficiency of this Agreement or
any other Loan Document, or for any failure of any Loan Party or any other party to any Loan Document to perform its obligations hereunder or thereunder. No Agent-Related Person shall be under any obligation to any Lender or participant to
ascertain or to inquire as to the observance or 

  
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performance of any of the agreements contained in, or conditions of, this Agreement or any other Loan Document, or to inspect the properties, books or records of the Borrower or any Subsidiary or
any Affiliate thereof. The Administrative Agent shall not be responsible for or have a duty to ascertain or inquire into any representation or warranty regarding the existence, value or collectability of any Collateral, the existence, priority
or perfection of the Administrative Agent’s Lien thereon, or any certificate prepared by any Loan Party in connection therewith, nor shall the Administrative Agent be responsible or liable to the Lenders for any failure to monitor or maintain
any portion of the Collateral. 
 SECTION 9.4 Reliance by Administrative Agent. 

(a) The Administrative Agent shall be entitled to rely, and shall be fully protected in relying, upon any writing,
communication, signature, resolution, representation, notice, consent, certificate, affidavit, letter, telegram, facsimile, telex or telephone message, statement or other document or conversation believed by it to be genuine and correct and to have
been signed, sent or made by the proper Person or Persons, and upon advice and statements of legal counsel (including counsel to any Loan Party), independent accountants and other experts selected by the Administrative Agent. The Administrative
Agent shall be fully justified in failing or refusing to take any action under any Loan Document unless it shall first receive such advice or concurrence of the Majority Lenders as it deems appropriate and, if it so requests, it shall first be
indemnified to its satisfaction by the Lenders against any and all liability and expense which may be incurred by it by reason of taking or continuing to take any such action. The Administrative Agent shall in all cases be fully protected in
acting, or in refraining from acting, under this Agreement or any other Loan Document in accordance with a request or consent of the Majority Lenders or all the Lenders, if required hereunder, and such request and any action taken or failure to act
pursuant thereto shall be binding upon all the Lenders and participants. Where this Agreement expressly permits or prohibits an action unless the Majority Lenders otherwise determine, the Administrative Agent shall, and in all other instances,
the Administrative Agent may, but shall not be required to, initiate any solicitation for the consent or a vote of the Lenders. 

(b) For purposes of determining compliance with the conditions specified in Section 4.1, each Lender that has signed
this Agreement shall be deemed to have consented to, approved or accepted or to be satisfied with, each document or other matter either sent by the Administrative Agent to such Lender for consent, approval, acceptance or satisfaction, or required
thereunder to be consented to or approved by or acceptable or satisfactory to a Lender. 
 SECTION
9.5 Notice of Default. The Administrative Agent shall not be deemed to have knowledge or notice of the occurrence of any Default or Event of Default, except with respect to defaults in the payment of principal, interest
and fees required to be paid to the Administrative Agent for the account of the Lenders, unless the Administrative Agent shall have received written notice from a Lender or the Borrower referring to this Agreement, describing such Default or Event
of Default and stating that such notice is a “notice of default.” The Administrative Agent will notify the Lenders of its receipt of any such notice. The Administrative Agent shall take such action with respect to such Default or
Event of Default as may be directed by the Majority Lenders in accordance with Article VIII; provided, however, that unless and until the Administrative Agent has received any such direction, the Administrative Agent may
(but shall not be obligated to) take such action, or refrain from taking such action, with respect to such Default or Event of Default as it shall deem advisable or in the best interest of the Lenders. 

  
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 SECTION 9.6 Credit Decision; Disclosure of Information by
Administrative Agent. Each Lender acknowledges that no Agent-Related Person has made any representation or warranty to it, and that no act by the Administrative Agent hereinafter taken, including any consent to and acceptance of any
assignment or review of the affairs of any Loan Party or any Affiliate thereof, shall be deemed to constitute any representation or warranty by any Agent-Related Person to any Lender as to any matter, including whether Agent-Related Persons have
disclosed material information in their possession. Each Lender represents to the Administrative Agent that it has, independently and without reliance upon any Agent-Related Person and based on such documents and information as it has deemed
appropriate, made its own appraisal of and investigation into the business, prospects, operations, property, financial and other condition and creditworthiness of the Loan Parties and their respective Subsidiaries, and all applicable bank or other
regulatory Laws relating to the transactions contemplated hereby, and made its own decision to enter into this Agreement and to extend credit to the Borrower hereunder. Each Lender also represents that it will, independently and without
reliance upon any Agent-Related Person and based on such documents and information as it shall deem appropriate at the time, continue to make its own credit analysis, appraisals and decisions in taking or not taking action under this Agreement and
the other Loan Documents, and to make such investigations as it deems necessary to inform itself as to the business, prospects, operations, property, financial and other condition and creditworthiness of the Borrower and the other Loan Parties and
their respective Affiliates. Except for notices, reports and other documents expressly required to be furnished to the Lenders by the Administrative Agent herein, the Administrative Agent shall not have any duty or responsibility to provide any
Lender with any credit or other information concerning the business, prospects, operations, property, financial and other condition or creditworthiness of any of the Loan Parties or any of their respective Affiliates which may come into the
possession of any Agent-Related Person. 
 SECTION 9.7 Indemnification of Administrative
Agent. Whether or not the transactions contemplated hereby are consummated, the Lenders shall indemnify upon demand each Agent-Related Person (to the extent not reimbursed by or on behalf of any Loan Party and without limiting the
obligation of any Loan Party to do so), pro rata, and hold harmless each Agent-Related Person from and against any and all Indemnified Liabilities incurred by it (INCLUDING ANY AND ALL INDEMNIFIED LIABILITIES ARISING OUT OF, IN ANY WAY RELATING
TO, OR RESULTING FROM SUCH AGENT-RELATED PARTY’S OWN NEGLIGENCE); provided, however, that no Lender shall be liable for the payment to any Agent-Related Person of any portion of such Indemnified Liabilities
resulting from such Agent-Related Person’s gross negligence or willful misconduct as determined by a court of competent jurisdiction by a final and non-appealable judgment; provided, however, that no action taken in accordance
with the directions of the Majority Lenders shall be deemed to constitute gross negligence or willful misconduct for purposes of this Section. Without limitation of the foregoing, each Lender shall reimburse the Administrative Agent upon demand
for its ratable share of any costs or out-of-pocket expenses (including Attorney Costs) incurred by the Administrative Agent in connection with the preparation, execution, delivery, administration, modification, amendment or enforcement (whether
through negotiations, legal proceedings or otherwise) of, or legal advice in respect of rights or responsibilities under, this Agreement, any 

  
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other Loan Document, or any document contemplated by or referred to herein, to the extent that the Administrative Agent is not reimbursed for such expenses by or on behalf of the
Borrower. In the case of any investigation, litigation or proceeding giving rise to any liabilities, obligations, losses, damages, penalties, actions, judgments, suits, costs, expenses or disbursements of any kind whatsoever that may at any
time occur (including at any time following the payment of the Loans), this Section 9.7 applies whether any such investigation, litigation or proceeding is brought by any Lender or any other Person. The undertaking in this Section shall
survive termination of the Commitments, the payment of all Obligations hereunder and the resignation or replacement of the Administrative Agent. 

SECTION 9.8 Administrative Agent in its Individual Capacity. BMO and its Affiliates may make
loans to, issue letters of credit for the account of, accept deposits from, acquire equity interests in and generally engage in any kind of banking, trust, financial advisory, underwriting or other business with each of the Loan Parties and their
respective Affiliates as though BMO were not the Administrative Agent or the Issuing Bank hereunder and without notice to or consent of the Lenders. The Lenders acknowledge that, pursuant to such activities, BMO or its Affiliates may receive
information regarding any Loan Party or its Affiliates (including information that may be subject to confidentiality obligations in favor of such Loan Party or such Affiliate) and acknowledge that the Administrative Agent shall be under no
obligation to provide such information to them. With respect to its Loans, BMO shall have the same rights and powers under this Agreement as any other Lender and may exercise such rights and powers as though it were not the Administrative Agent
or the Issuing Bank, and the terms “Lender” and “Lenders” include BMO in its individual capacity. 

SECTION 9.9 Successor Administrative Agent. The Administrative Agent may resign as
Administrative Agent upon 30 days’ notice to the Lenders. If the Administrative Agent resigns under this Agreement, the Majority Lenders shall appoint from among the Lenders a successor administrative agent for the Lenders. If no
successor administrative agent is appointed prior to the effective date of the resignation of the Administrative Agent, the Administrative Agent may appoint, after consulting with the Lenders, a successor administrative agent from among the
Lenders. Upon the acceptance of its appointment as successor administrative agent hereunder, such successor administrative agent shall succeed to all the rights, powers and duties of the retiring Administrative Agent and the term
“Administrative Agent” shall mean such successor administrative agent and the retiring Administrative Agent’s appointment, powers and duties as Administrative Agent shall be terminated. After any retiring Administrative
Agent’s resignation hereunder as Administrative Agent, the provisions of this Article IX and Sections 10.4 and 10.5 shall inure to its benefit as to any actions taken or omitted to be taken by it while it was Administrative
Agent under this Agreement. If no successor administrative agent has accepted appointment as Administrative Agent by the date which is 30 days following a retiring Administrative Agent’s notice of resignation, the retiring Administrative
Agent’s resignation shall nevertheless thereupon become effective and the Lenders shall perform all of the duties of the Administrative Agent hereunder until such time, if any, as the Majority Lenders appoint a successor agent as provided for
above. 
 SECTION 9.10 Administrative Agent May File Proofs of Claim. In case of the pendency
of any receivership, insolvency, liquidation, bankruptcy, reorganization, arrangement, adjustment, composition or other judicial proceeding relative to the Borrower or any of its 

  
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Subsidiaries, the Administrative Agent (irrespective of whether the principal of any Loan or L/C Obligation shall then be due and payable as herein expressed or by declaration or otherwise and
irrespective of whether the Administrative Agent shall have made any demand on the Borrower or any other Loan Party) shall be entitled and empowered, by intervention in such proceeding or otherwise: 

(a) to file and prove a claim for the whole amount of the principal and interest owing and unpaid in respect of the Loans and
all other Obligations that are owing and unpaid and to file such other documents as may be necessary or advisable in order to have the claims of the Lenders, the Issuing Bank and the Administrative Agent (including any claim for the reasonable
compensation, expenses, disbursements and advances of the Lenders, the Issuing Bank and the Administrative Agent and their respective agents and counsel and all other amounts due the Lenders, the Issuing Bank and the Administrative Agent under
Sections 10.4 or 10.5) allowed in such judicial proceeding; and 
 (b) to collect and receive any monies
or other property payable or deliverable on any such claims and to distribute the same; 
 and any custodian, receiver, assignee, trustee,
liquidator, sequestrator or other similar official in any such judicial proceeding is hereby authorized by each Lender and the Issuing Bank to make such payments to the Administrative Agent and, in the event that the Administrative Agent shall
consent to the making of such payments directly to the Lenders or the Issuing Bank, as applicable, to pay to the Administrative Agent any amount due for the reasonable compensation, expenses, disbursements and advances of the Administrative Agent
and its agents and counsel, and any other amounts due the Administrative Agent under Sections 10.4 and 10.5. Nothing contained herein shall be deemed to authorize the Administrative Agent to authorize or consent to or accept or
adopt on behalf of any Lender or the Issuing Bank any plan of reorganization, arrangement, adjustment or composition affecting the Obligations or the rights of any Lender or the Issuing Bank or to authorize the Administrative Agent to vote in
respect of the claim of any Lender or the Issuing Bank in any such proceeding. 
 SECTION 9.11 Authority of
Administrative Agent to Release Collateral Property, Liens and Guarantees. 
 (a) Each Lender, on behalf of itself and
each of such Lender’s Affiliates that is a counterparty to a Hedging Agreement with a Loan Party, and the Issuer hereby authorizes the Administrative Agent to (i) release or subordinate (and execute and deliver to the Borrower (or its
designee), at the Borrower’s sole cost and expense, any and all releases or subordination agreements with respect to Liens, termination statements, assignments or other documents reasonably requested by the Borrower in connection therewith) any
collateral that is permitted to be sold or released pursuant to the terms of the Loan Documents or that is the subject of a farmout agreement, participation agreement or other similar agreement into which the Borrower or its Restricted Subsidiaries
are permitted to enter and (ii) release any Guarantor from its obligations under the Loan Documents if such Person ceases to be a Restricted Subsidiary as a result of a transaction permitted under the Loan Documents. Any such release or
subordination agreement shall not in any manner discharge, affect, or impair the Obligations or any Liens (other than those being released) upon (or obligations (other than those being released) of the Loan Parties in respect

  
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of) all assets or properties retained by the Loan Parties, including the proceeds of any Disposition, all of which shall continue to constitute part of the collateral except to the extent
otherwise released in accordance with the provisions of the Loan Documents. 
 (b) Each Lender, for itself and on behalf of
its Affiliates party to a Hedge Agreement with a Loan Party, irrevocably authorizes Administrative Agent to release any Lien granted to or held by the Administrative Agent upon any collateral: (i) upon termination of the Commitments,
termination or expiration of all Letters of Credit (other than Letters of Credit as to which other arrangements satisfactory to the Administrative Agent and the Issuing Bank have been made), and payment in full of all Obligations (without regard to
whether any obligations remain outstanding under any Hedging Agreement between a Lender or Affiliate of a Lender and any Loan Party); (ii) constituting Oil and Gas Property leased to the Borrower or any Loan Party under a lease that has expired or
has been terminated in a transaction permitted under this Agreement or is about to expire and which has not been, and is not intended by the Borrower or such Loan Party to be, renewed or extended; or (iii) if approved, authorized or ratified in
writing by the applicable Majority Lenders or all the Lenders, as the case may be, as required by Section 10.1. 

(c) Upon the request of the Administrative Agent at any time, the Lenders will confirm in writing the Administrative
Agent’s authority to release or subordinate particular types or items of collateral, or to release any Guarantor from its obligations under the Loan Documents, pursuant to this Section 9.11. 

SECTION 9.12 Other Agents; Lead Managers. None of the Lenders identified on the facing page or
signature pages of this Agreement as a “syndication agent,” “documentation agent,” “co-agent” or “lead manager” shall have any right, power, obligation, liability, responsibility or duty under this Agreement
other than those applicable to all Lenders as such. Without limiting the foregoing, none of the Lenders so identified shall have or be deemed to have any fiduciary relationship with any Lender. Each Lender acknowledges that it has not relied, and
will not rely, on any of the Lenders so identified in deciding to enter into this Agreement or in taking or not taking action hereunder. 

ARTICLE X. 

MISCELLANEOUS 

SECTION 10.1 Amendments, Etc. No amendment or waiver of any provision of this Agreement or any
other Loan Document, and no consent to any departure by the Borrower or any other Loan Party therefrom, shall be effective unless in writing signed by the Majority Lenders and the Borrower and acknowledged and agreed by each other Loan Party, and
acknowledged by the Administrative Agent, and each such waiver or consent shall be effective only in the specific instance and for the specific purpose for which given; provided, however, that no such amendment, waiver or consent
shall, unless in writing and signed by each of the Lenders directly affected thereby and by the Borrower, and acknowledged and agreed by each other Loan Party and acknowledged by the Administrative Agent, do any of the following: 

(a) extend or increase the Commitment Amount of any Lender (or reinstate any Commitment terminated pursuant to
Section 8.2); or 

  
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 (b) postpone any date fixed by this Agreement or any other Loan Document for any
payment or mandatory prepayment of principal, interest, fees or other amounts due to the Lenders (or any of them) hereunder or under any other Loan Document; or 

(c) reduce the principal of, or the rate of interest specified herein on, any Loan or L/C Borrowing, or any fees or other
amounts payable hereunder or under any other Loan Document, or change the manner of computation of any financial covenant used in determining the Base Rate Spread, LIBOR Spread or Commitment Fee Rate that would result in a reduction of any interest
rate on any Loan; provided, however, that only the consent of the Majority Lenders shall be necessary to waive any obligation of the Borrower to pay interest at the rate specified in Section 2.9(b); or 

(d) change the required approval level that is required for the Lenders or any of them to take any action hereunder or change
the definition of “Majority Lenders”; or 
 (e) take any other action which requires the signing of all the
Lenders pursuant to the terms of this Agreement or of any other Loan Document, or change the Percentage Share of any Lender or Voting Percentage of any Non-Defaulting Lender; or 

(f) amend this Section, or Section 2.14, or any provision herein providing for consent or other action by all the
Lenders; or 
 (g) except as provided in Section 9.11, permit any termination, amendment, modification, waiver,
or release of any Guaranty or any provision thereof; or 
 (h) release all or substantially all collateral under any of the
Security Documents, or permit any termination or release of any Security Document, provided that, notwithstanding the foregoing, the consent of the Lenders shall not be required for any release of any collateral under any of the Security
Documents in connection with a Disposition by the Borrower or any Restricted Subsidiary if such Disposition is permitted by Section 7.5; or 

(i) waive, amend or otherwise modify the provisions of Section 5.14(a) or Section 7.11, or any condition set
forth therein; 
 and, provided further, that (i) no amendment, waiver or consent shall, unless in writing and signed by the
Issuing Bank in addition to the Majority Lenders or all the Lenders, as the case may be, affect the rights or duties of the Issuing Bank under this Agreement or any Letter of Credit Application relating to any Letter of Credit issued or to be issued
by it; (ii) no amendment, waiver or consent shall, unless in writing and signed by the Administrative Agent in addition to the Majority Lenders or all the Lenders, as the case may be, affect the rights or duties of the Administrative Agent under
this Agreement or any other Loan Document; and (iii) the Agent and Arranger Fee Letter may be amended, or rights or privileges thereunder waived, in a writing executed only by the parties thereto. 

SECTION 10.2 Notices and Other Communications; Facsimile Copies. 

(a) General. Unless otherwise expressly provided herein, all notices and other communications provided for
hereunder shall be in writing (including by facsimile transmission) 

  
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and mailed, faxed or delivered, to the address, facsimile number or (subject to subsection (c) below) electronic mail address specified for notices on Schedule 10.2; or, in the
case of the Borrower, the Administrative Agent, or the Issuing Bank, to such other address as shall be designated by such party in a notice to the other parties, and in the case of any other party, to such other address as shall be designated by
such party in a notice to the Borrower, the Administrative Agent and the Issuing Bank. All such notices and other communications shall be deemed to be given or made upon the earlier to occur of (i) actual receipt by the intended recipient and
(ii) (A) if delivered by hand or by courier, when signed for by the intended recipient; (B) if delivered by mail, four Business Days after deposit in the mails, postage prepaid; (C) if delivered by facsimile, when sent and receipt has been confirmed
by telephone; and (D) if delivered by electronic mail (which form of delivery is subject to the provisions of subsection (c) below), when delivered; provided, however, that notices and other communications to the Administrative
Agent and the Issuing Bank pursuant to Article II shall not be effective until actually received by such Person. Any notice or other communication permitted to be given, made or confirmed by telephone hereunder shall be given, made or
confirmed by means of a telephone call to the intended recipient at the number specified on Schedule 10.2, it being understood and agreed that a voicemail message shall in no event be effective as a notice, communication or confirmation
hereunder. 
 (b) Effectiveness of Facsimile Documents and Signatures. Loan Documents may be transmitted and/or
signed by facsimile. The effectiveness of any such documents and signatures shall, subject to applicable Law, have the same force and effect as manually-signed originals and shall be binding on all Loan Parties, the Administrative Agent and the
Lenders. The Administrative Agent may also require that any such documents and signatures be confirmed by a manually-signed original thereof; provided, however, that the failure to request or deliver the same shall not limit the
effectiveness of any facsimile document or signature. 
 (c) Electronic Communications. Notices and other
communications (including all notices, requests, financial statements, financial and other reports, certificates and other information materials (all such communications being referred to herein collectively as “Communications”) to
the Lenders hereunder may be delivered or furnished by electronic communication (including email and Internet or intranet websites) pursuant to procedures approved by the Administrative Agent, provided that the foregoing shall not apply to
notices to any Lender pursuant to Article II if such Lender has notified the Administrative Agent that it is incapable of receiving notices under such Article by electronic communication. The Administrative Agent or the Borrower may, in
its discretion, agree to accept notices and other communications to it hereunder by electronic communications pursuant to procedures approved by it, provided that approval of such procedures may be limited to particular notices or
communications. Unless the Administrative Agent otherwise prescribes, (i) notices and other communications sent to an e-mail address shall be deemed received upon the sender’s receipt of an acknowledgement from the intended recipient (such
as by the “return receipt requested” function, as available, return e-mail or other written acknowledgement), provided that if such notice or other communication is not sent during the normal business hours of the recipient, such
notice or communication shall be deemed to have been sent at the opening of business on the next business day for the recipient, and (ii) notices or communications posted to an Internet or intranet website shall be deemed received upon the deemed
receipt by the intended recipient at its e-mail address as described in the foregoing clause (i) of notification that such notice or communication is available and identifying the website address therefor. 

  
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 (d) Electronic Distribution Platforms. The Borrower further agrees
that the Administrative Agent may make the Communications available to the Lenders by posting the Communications on Intralinks or a substantially similar electronic transmission system (the “Platform”). THE PLATFORM IS PROVIDED
“AS IS” AND “AS AVAILABLE”. THE INDEMNIFIED PARTIES (AS DEFINED IN SECTION 10.5) DO NOT WARRANT THE ACCURACY OR COMPLETENESS OF THE COMMUNICATIONS OR THE ADEQUACY OF THE PLATFORM AND EXPRESSLY DISCLAIM LIABILITY
FOR ERRORS OR OMISSIONS IN THE COMMUNICATIONS. NO WARRANTY OF ANY KIND, EXPRESS, IMPLIED OR STATUTORY, INCLUDING ANY WARRANTY OF MERCHANTABILITY, FITNESS FOR A PARTICULAR PURPOSE, NON-INFRINGEMENT OF THIRD PARTY RIGHTS OR FREEDOM FROM VIRUSES
OR OTHER CODE DEFECTS IS MADE BY THE INDEMNIFIED PARTIES IN CONNECTION WITH THE COMMUNICATIONS OR THE PLATFORM. IN NO EVENT SHALL THE INDEMNIFIED PARTIES HAVE ANY LIABILITY TO ANY LOAN PARTY, ANY LENDER OR ANY OTHER PERSON FOR DAMAGES OF ANY
KIND, WHETHER OR NOT BASED ON STRICT LIABILITY AND INCLUDING DIRECT OR INDIRECT, SPECIAL, INCIDENTAL OR CONSEQUENTIAL DAMAGES, LOSSES OR EXPENSES (WHETHER IN TORT, CONTRACT OR OTHERWISE) ARISING OUT OF ANY LOAN PARTY’S OR THE ADMINISTRATIVE
AGENT’S TRANSMISSION OF COMMUNICATIONS THROUGH THE PLATFORM, EXCEPT TO THE EXTENT THE LIABILITY OF ANY INDEMNIFIED PARTY IS FOUND IN A FINAL RULING BY A COURT OF COMPETENT JURISDICTION TO HAVE RESULTED PRIMARILY FROM SUCH INDEMNIFIED
PARTY’S BAD FAITH, GROSS NEGLIGENCE OR WILLFUL MISCONDUCT. 
 (e) Other Notices Effective. Nothing herein
shall prejudice the right of the Administrative Agent or any Lender to give any notice or other communication pursuant to any Loan Document in any other manner specified in such Loan Document. 

(f) Reliance by Administrative Agent and Lenders. The Administrative Agent and the Lenders shall be entitled to
rely and act upon any notices (including telephonic Notice of Advances) purportedly given by or on behalf of the Borrower even if (i) such notices were not made in a manner specified herein, were incomplete or were not preceded or followed by any
other form of notice specified herein, or (ii) the terms thereof, as understood by the recipient, varied from any confirmation thereof. The Borrower shall indemnify each Agent-Related Person and each Lender from all losses, costs, expenses and
liabilities resulting from the reliance by such Person on each notice purportedly given by or on behalf of the Borrower. All telephonic notices to and other communications with the Administrative Agent may be recorded by the Administrative
Agent, and each of the parties hereto hereby consents to such recording. 
 SECTION 10.3 No Waiver;
Cumulative Remedies. No failure by any Lender or the Administrative Agent to exercise, and no delay by any such Person in exercising, any right, remedy, power or privilege hereunder shall operate as a waiver thereof; nor shall any single or
partial exercise of any right, remedy, power or privilege hereunder preclude any other or further exercise thereof or the exercise of any other right, remedy, power or privilege. The rights, remedies, powers and privileges herein or therein
provided are cumulative and not exclusive of any rights, remedies, powers and privileges provided by law. 

  
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 SECTION 10.4 Attorney Costs, Expenses and
Taxes. The Borrower agrees (a) to pay or reimburse the Administrative Agent for all costs and expenses incurred in connection with the development, preparation, negotiation and execution of this Agreement and the other Loan Documents and
any amendment, waiver, consent or other modification of the provisions hereof and thereof (whether or not the transactions contemplated hereby or thereby are consummated), and the consummation and administration of the transactions contemplated
hereby and thereby, including all Attorney Costs, and (b) to pay or reimburse the Administrative Agent, the Issuing Bank and each Lender for all costs and expenses incurred in connection with the enforcement, attempted enforcement, or preservation
of any rights or remedies under this Agreement or the other Loan Documents (including all such costs and expenses incurred during any “workout” or restructuring in respect of the Obligations and during any legal proceeding, including any
proceeding under any Debtor Relief Law), including all Attorney Costs. The foregoing costs and expenses shall include all search, filing, recording, title insurance and appraisal charges and fees and taxes related thereto, and other
out-of-pocket expenses incurred by the Administrative Agent and the cost of independent public accountants and other outside experts retained by the Administrative Agent or any Lender. The agreements in this Section shall survive the
termination of the Commitments and repayment of all the other Obligations. 
 SECTION
10.5 Indemnification by the Borrower. Whether or not the transactions contemplated hereby are consummated, the Borrower agrees to indemnify, defend, save and hold harmless each Agent-Related Person, each Lender and their
respective Affiliates, directors, officers, employees, counsel, agents and attorneys-in-fact (collectively the “Indemnitees”) from and against: (a) any and all claims, demands, actions or causes of action that are asserted
against any Indemnitee by any Person (other than the Administrative Agent or any Lender) relating directly or indirectly to a claim, demand, action or cause of action that such Person asserts or may assert against any Loan Party, any Affiliate of
any Loan Party or any of their respective officers or directors; (b) any and all claims, demands, actions or causes of action that may at any time (including at any time following repayment of the Obligations and the resignation or removal of the
Administrative Agent or the replacement of any Lender) be asserted or imposed against any Indemnitee, arising out of or relating to, the Loan Documents, any predecessor loan documents, the Commitments, the use or contemplated use of the proceeds of
any Credit Extension, or the relationship of any Loan Party, the Administrative Agent and the Lenders under this Agreement or any other Loan Document; (c) any administrative or investigative proceeding by any Governmental Authority arising out of or
related to a claim, demand, action or cause of action described in clause (a) or (b) above; and (d) any and all liabilities (including liabilities under indemnities), losses, costs or expenses (including Attorney Costs) that any
Indemnitee suffers or incurs as a result of the assertion of any foregoing claim, demand, action, cause of action, litigation or proceeding, or as a result of the preparation of any defense in connection with any foregoing claim, demand, action,
cause of action, litigation or proceeding, in all cases, WHETHER OR NOT ARISING OUT OF THE NEGLIGENCE OF AN INDEMNITEE, and whether or not an Indemnitee is a party to such claim, demand, action, cause of action, litigation or proceeding (all
the foregoing, collectively, the “Indemnified Liabilities”); provided that no Indemnitee shall be entitled to indemnification for any claim caused by its own gross negligence or willful misconduct, as determined by a court of
competent jurisdiction by a final and non-appealable judgment, or for any loss asserted against it by another Indemnitee. The agreements in this Section shall survive the termination of the Commitments and repayment of all the other
Obligations. 

  
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 SECTION 10.6 Payments Set Aside. To the extent
that the Borrower makes a payment to the Administrative Agent or any Lender, or the Administrative Agent or any Lender exercises its right of set-off, and such payment or the proceeds of such set-off or any part thereof is subsequently invalidated,
declared to be fraudulent or preferential, set aside or required (including pursuant to any settlement entered into by the Administrative Agent or such Lender in its discretion) to be repaid to a trustee, receiver or any other party, in connection
with any proceeding under any Debtor Relief Law or otherwise, then (a) to the extent of such recovery, the obligation or part thereof originally intended to be satisfied shall be revived and continued in full force and effect as if such payment had
not been made or such set-off had not occurred, and (b) each Lender severally agrees to pay to the Administrative Agent upon demand its applicable share of any amount so recovered from or repaid by the Administrative Agent, plus interest
thereon from the date of such demand to the date such payment is made at a rate per annum equal to (i) with respect to the first two Business Days following such demand, the Federal Funds Rate from time to time in effect, and (ii) with respect to
each day thereafter, the Base Rate from time to time in effect. 
 SECTION 10.7 Successors and
Assigns; Assignments; Participations. 
 (a) Successors and Assigns. The provisions of this Agreement shall
be binding upon and inure to the benefit of the parties hereto and their respective successors and assigns permitted hereby, except that the Borrower may not assign or otherwise transfer any of its rights or obligations hereunder without the prior
written consent of each Lender (and any attempted assignment or transfer by the Borrower without such consent shall be null and void). Nothing in this Agreement, expressed or implied, shall be construed to confer upon any Person (other than the
parties hereto, their respective successors and assigns permitted hereby and, to the extent expressly contemplated hereby, the Indemnitees) any legal or equitable right, remedy or claim under or by reason of this Agreement. 

(b) Assignments. 

(i) Any Lender may assign to one or more Eligible Assignees all or a portion of its rights and obligations
under this Agreement (including all or a portion of its Commitment and the Loans (including in all instances for purposes of this subsection (i), participations in L/C Obligations) at the time owing to it); provided that (A)
except in the case of an assignment of the entire remaining amount of the assigning Lender’s Commitment and the Loans at the time owing to it or in the case of an assignment to a Lender or an Affiliate of a Lender, the aggregate amount of the
Commitment (which for this purpose includes Loans outstanding thereunder, including as noted above, participations in L/C Obligations) subject to each such assignment, determined as of the date the Lender Assignment with respect to such assignment
is delivered to the Administrative Agent, shall not be less than $5,000,000 unless each of the Administrative Agent and, so long as no Default has occurred and is continuing and so long as in the case of Bank of Montreal, such Lender shall have been
reduced to its “final hold amount” as described in the commitment letter referred to in the Agent and Arranger Fee Letter, the Borrower otherwise consents (each such consent not to be unreasonably withheld or delayed), (B) each partial
assignment shall be made as an assignment of a proportionate part of all the assigning Lender’s rights and obligations under this Agreement with respect to the Loans or the Commitment assigned, except that this clause (B) shall not
prohibit any 

  
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Lender from assigning all or a portion of its rights and obligations among separate Borrowings on a non-pro rata basis, (C) the parties to each assignment shall execute and deliver to the
Administrative Agent a Lender Assignment, together with a processing and recordation fee of $3,500. Subject to acceptance and recording thereof by the Administrative Agent pursuant to subsection (ii) of this Section, from and after the
effective date specified in each Lender Assignment, the Eligible Assignee thereunder shall be a party hereto and, to the extent of the interest assigned by such Lender Assignment, have the rights and obligations of a Lender under this Agreement, and
the assigning Lender thereunder shall, to the extent of the interest assigned by such Lender Assignment, be released from its obligations under this Agreement (and, in the case of an Lender Assignment covering all of the assigning Lender’s
rights and obligations under this Agreement, such Lender shall cease to be a party hereto but shall continue to be entitled to the benefits of Sections 3.7, 10.4 and 10.5). Upon request, the Borrower (at its expense) shall
execute and deliver new or replacement Notes to the assigning Lender and the assignee Lender. Any assignment or transfer by a Lender of rights or obligations under this Agreement that does not comply with this subsection shall be treated for
purposes of this Agreement as a sale by such Lender of a participation in such rights and obligations in accordance with Section 10.7(c) of this Section. 

(ii) The Administrative Agent, acting solely for this purpose as an agent of the Borrower, shall maintain at
the Administrative Agent’s Office a copy of each Lender Assignment delivered to it and a register for the recordation of the names and addresses of the Lenders, and the Commitments of, and principal amount of the Loans and L/C Obligations owing
to, each Lender pursuant to the terms hereof from time to time (the “Register”). The entries in the Register shall be conclusive, and the Borrower, the Administrative Agent and the Lenders may treat each Person whose name is
recorded in the Register pursuant to the terms hereof as a Lender hereunder for all purposes of this Agreement, notwithstanding notice to the contrary. The Register shall be available for inspection by the Borrower and any Lender, at any
reasonable time and from time to time upon reasonable prior notice. 
 (c) Participations. 

(i) Any Lender may, without the consent of, or notice to, the Borrower or the Administrative Agent, sell
participations to one or more banks or other entities (a “Participant”) in all or a portion of such Lender’s rights and/or obligations under this Agreement (including all or a portion of its Commitment and/or the Loans
(including such Lender’s participations in L/C Obligations) owing to it); provided that (A) such Lender’s obligations under this Agreement shall remain unchanged, (B) such Lender shall remain solely responsible to the other parties
hereto for the performance of such obligations and (C) the Borrower, the Administrative Agent and the other Lenders shall continue to deal solely and directly with such Lender in connection with such Lender’s rights and obligations under this
Agreement. Any agreement or instrument pursuant to which a Lender sells such a participation shall provide that such Lender shall retain the sole right to enforce this Agreement and to approve any amendment, modification or waiver of
any provision of this Agreement; provided that such agreement or instrument may provide that such Lender will not, without the consent of the Participant, agree to any amendment, 

  
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waiver or other modification that would (A) postpone any date upon which any payment of money is scheduled to be paid to such Participant, (B) reduce the principal, interest, fees or other
amounts payable to such Participant, or (C) release any Guarantor from the Guaranty. Subject to subsection (ii) of this Section, the Borrower agrees that each Participant shall be entitled to the benefits of Sections 3.1,
3.4 and 3.5 to the same extent as if it were a Lender and had acquired its interest by assignment pursuant to Section 10.7(b) of this Section. To the extent permitted by law, each Participant also shall be entitled to the
benefits of Section 10.9 as though it were a Lender, provided such Participant agrees to be subject to Section 2.14 as though it were a Lender. Each Lender that sells a participation shall, acting solely for this purpose as
an agent of the Borrower, maintain a register on which it enters the name and address of each Participant and the principal amounts (and stated interest) of each Participant’s interest in the Loans or other obligations under the Loan Documents
(the “Participant Register”); provided that no Lender shall have any obligation to disclose all or any portion of the Participant Register (including the identity of any Participant or any information relating to a
Participant’s interest in any commitments, loans, letters of credit or its other obligations under any Loan Document) to any Person except to the extent that such disclosure is necessary to establish that such commitment, loan, letter of credit
or other obligation is in registered form under Section 5f.103-1(c) of the United States Treasury Regulations. The entries in the Participant Register shall be conclusive absent manifest error, and such Lender shall treat each Person whose name is
recorded in the Participant Register as the owner of such participation for all purposes of this Agreement notwithstanding any notice to the contrary. For the avoidance of doubt, the Administrative Agent (in its capacity as Administrative Agent)
shall have no responsibility for maintaining a Participant Register. 
 (ii) A Participant shall not be
entitled to receive any greater payment under Section 3.1 or 3.4 than the applicable Lender would have been entitled to receive with respect to the participation sold to such Participant, unless the sale of the participation to such
Participant is made with the Borrower’s prior written consent. A Participant that would be a Foreign Lender if it were a Lender shall not be entitled to the benefits of Section 3.1 unless the Borrower is notified of the
participation sold to such Participant and such Participant agrees, for the benefit of the Borrower, to comply with Section 3.8 as though it were a Lender. 

(d) Pledge of Lender’s Interest. Any Lender may at any time pledge or assign a security
interest in all or any portion of its rights under this Agreement (including under its Notes, if any) to secure obligations of such Lender, including any pledge or assignment to secure obligations to a Federal Reserve Bank; provided that no
such pledge or assignment shall release a Lender from any of its obligations hereunder or substitute any such pledgee or assignee for such Lender as a party hereto. 

(e) Consent to Assignment. If the consent of the Borrower to an assignment or to an Eligible Assignee is required
hereunder (including a consent to an assignment which does not meet the minimum assignment threshold specified in clause (A) of the proviso to the first sentence of Section 10.7(b)), the Borrower shall be deemed to have given its
consent five Business Days after the date notice thereof has been delivered by the assigning Lender (through the Administrative Agent) unless such consent is expressly refused by the Borrower prior to such fifth Business Day. 

  
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 (f) Definitions for Section 10.7. As used herein, the following terms
have the following meanings: 
 “Eligible Assignee” means (a) a Lender; (b) an Affiliate of a Lender; (c) an
Approved Fund and (d) any other Person (other than (i) a natural Person (or a holding company, investment vehicle or a trust for, or
owned or operated for the primary benefit of, a natural Person) or (ii) a Defaulting Lender) approved by the Administrative Agent, the Issuing Bank, and provided that no Default has occurred and is continuing, the Borrower (each such
approval not to be unreasonably withheld or delayed). 
 “Fund” means any Person (other than a natural
Person) that is (or will be) engaged in making, purchasing, holding or otherwise investing in commercial loans and similar extensions of credit in the ordinary course of its business. 

(g) Assignment by BMO. Notwithstanding anything to the contrary contained herein, if at any time BMO assigns all
of its Commitment and Loans pursuant to Section 10.7(b) above, BMO may, upon 30 days’ notice to the Borrower and the Lenders, resign as Issuing Bank. In the event of any such resignation as Issuing Bank, the Borrower shall be
entitled to appoint from among the Lenders a successor Issuing Bank hereunder; provided, however, that no failure by the Borrower to appoint any such successor shall affect the resignation of BMO as Issuing Bank. BMO shall retain
all the rights and obligations of the Issuing Bank hereunder with respect to all Letters of Credit outstanding as of the effective date of its resignation as Issuing Bank and all L/C Obligations with respect thereto (including the right to require
the Lenders to make Base Rate Loans or fund participations in Unreimbursed Amounts pursuant to Section 2.3(c)). 

SECTION 10.8 Confidentiality. Each of the Administrative Agent and the Lenders agrees to
maintain the confidentiality of the Information (as defined below), except that Information may be disclosed (a) to its and its Affiliates’ directors, officers, employees and agents, including accountants, legal counsel and other advisors (it
being understood that the Persons to whom such disclosure is made will be informed of the confidential nature of such Information and instructed to keep such Information confidential); (b) to the extent requested by any regulatory or self-regulatory
authority; (c) to the extent required by applicable laws or regulations or by any subpoena or similar legal process; (d) to any other party to this Agreement; (e) in connection with the exercise of any remedies hereunder or any suit, action or
proceeding relating to this Agreement or the enforcement of rights hereunder; (f) subject to an agreement containing provisions substantially the same as those of this Section, to (i) any Eligible Assignee of or Participant in, or any prospective
Eligible Assignee of or Participant in, any of its rights or obligations under this Agreement or (ii) any direct or indirect contractual counterparty or prospective counterparty (or such contractual counterparty’s or prospective
counterparty’s professional advisor) to any credit derivative transaction relating to obligations of the Borrower; (g) with the consent of the Borrower; (h) to the extent such Information (i) becomes publicly available other than as a result of
a breach of this Section or (ii) becomes available to the Administrative Agent or any Lender on a nonconfidential basis from a source other than the Borrower; or (i) to the National Association of Insurance Commissioners or any other similar
organization or any nationally recognized rating agency that requires access to information about a Lender’s or its Affiliates’ investment portfolio in connection with ratings issued with respect to such Lender or its Affiliates. For
the purposes of 

  
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this Section, “Information” means all information received from the Borrower relating to the Borrower or its business, other than any such information that is available to the
Administrative Agent or any Lender on a nonconfidential basis prior to disclosure by the Borrower; provided that, in the case of information received from the Borrower after the date hereof, such information is clearly identified in writing
at the time of delivery as confidential. Any Person required to maintain the confidentiality of Information as provided in this Section shall be considered to have complied with its obligation to do so if such Person has exercised the same
degree of care to maintain the confidentiality of such Information as such Person would accord to its own confidential information. 

SECTION 10.9 Set-off. In addition to any rights and remedies of the Lenders provided by law,
upon the occurrence and during the continuance of any Event of Default, each Lender is authorized at any time and from time to time, without prior notice to the Borrower or any other Loan Party, any such notice being waived by the Borrower (on its
own behalf and on behalf of each Loan Party) to the fullest extent permitted by law, to set off and apply any and all deposits (general or special, time or demand, provisional or final) at any time held by, and other indebtedness at any time owing
by, such Lender to or for the credit or the account of the respective Loan Parties against any and all Obligations owing to such Lender, now or hereafter existing, irrespective of whether or not the Administrative Agent or such Lender shall have
made demand under this Agreement or any other Loan Document and although such Obligations may be contingent or unmatured. Each Lender agrees promptly to notify the Borrower and the Administrative Agent after any such set-off and application
made by such Lender; provided, however, that the failure to give such notice shall not affect the validity of such set-off and application. 

SECTION 10.10 Interest Rate Limitation. It is the intention of the parties hereto to conform
strictly to applicable usury laws and, anything herein to the contrary notwithstanding, the obligations of the Borrower to each Lender and the Issuing Bank under this Agreement shall be subject to the limitation that payments of interest shall not
be required to the extent that receipt thereof would be contrary to provisions of law applicable to such Lender or the Issuing Bank limiting rates of interest which may be charged or collected by such Lender or the Issuing Bank. Accordingly, if
the transactions contemplated hereby would be usurious under applicable law (including the Federal and state laws of the United States of America, or of any other jurisdiction whose laws may be mandatorily applicable) with respect to a Lender or the
Issuing Bank then, in that event, notwithstanding anything to the contrary in this Agreement, it is agreed as follows: (i) the provisions of this Section 10.10 shall govern and control; (ii) the aggregate of all consideration which
constitutes interest under applicable law that is contracted for, charged or received under this Agreement, or under any of the other aforesaid agreements or otherwise in connection with this Agreement by such Lender or the Issuing Bank shall under
no circumstances exceed the maximum amount of interest allowed by applicable law (such maximum lawful interest rate, if any, with respect to such Lender or the Issuing Bank herein called the “Highest Lawful Rate”), and any excess
shall be credited to the Borrower by such Lender or the Issuing Bank (or, if such consideration shall have been paid in full, such excess promptly refunded to the Borrower); (iii) all sums paid, or agreed to be paid, to the Lender or the Issuing
Bank for the use, forbearance and detention of the indebtedness of the Borrower to such Lender or the Issuing Bank hereunder shall, to the extent permitted by applicable law, be amortized, prorated, allocated and spread throughout the full term of
such indebtedness until payment in full so that the actual rate of interest is uniform 

  
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throughout the full term thereof; and (iv) if at any time the interest provided pursuant to Article II together with any other fees payable pursuant to this Agreement and deemed interest
under applicable law, exceeds that amount which would have accrued at the Highest Lawful Rate, the amount of interest and any such fees to accrue to such Lender or the Issuing Bank pursuant to this Agreement shall be limited, notwithstanding
anything to the contrary in this Agreement to that amount which would have accrued at the Highest Lawful Rate, but any subsequent reductions, as applicable, shall not reduce the interest to accrue to such Lender or the Issuing Bank pursuant to this
Agreement below the Highest Lawful Rate until the total amount of interest accrued pursuant to this Agreement and such fees deemed to be interest equals the amount of interest which would have accrued to such Lender or the Issuing Bank if a varying
rate per annum equal to the interest provided pursuant to Article II had at all times been in effect, plus the amount of fees which would have been received but for the effect of this Section 10.10. For purposes of Tex.
Fin. Code Ann. Ch.303, as amended, to the extent, if any, applicable to a Lender or the Issuing Bank, the Borrower agrees that the Highest Lawful Rate shall be the “weekly ceiling” as defined in said Article, provided that such
Lender and the Issuing Bank may also rely, to the extent permitted by applicable laws, on alternative maximum rates of interest under other laws applicable to such Lender or such Issuer, as the case may be, if greater. Tex. Fin. Code Ann.
Ch.346 (which regulates certain revolving credit loan accounts and revolving tri-party accounts) shall not apply to this Agreement or the Notes. 

SECTION 10.11 Counterparts. This Agreement 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 instrument. 
 SECTION
10.12 Survival of Representations and Warranties. All representations and warranties made hereunder and in any other Loan Document or other document delivered pursuant hereto or thereto or in connection herewith or
therewith shall survive the execution and delivery hereof and thereof. Such representations and warranties have been or will be relied upon by the Administrative Agent and each Lender, regardless of any investigation made by the Administrative
Agent or any Lender or on their behalf and notwithstanding that the Administrative Agent or any Lender may have had notice or knowledge of any Default or Event of Default at the time of any Credit Extension, and shall continue in full force and
effect as long as any Loan or any other Obligation shall remain unpaid or unsatisfied or any Letter of Credit shall remain outstanding. 

SECTION 10.13 Collateral Matters; Hedges. 

(a) The benefit of the Security Documents and the provisions of this Agreement and the other Loan Documents relating to the
collateral shall also extend to, secure and be available on a pro rata basis (as set forth in Section 8.3 of this Agreement) to each Secured Swap Counterparty which is party to a Lender Provided Hedging Agreement (including any Hedging
Agreement in existence prior to the date hereof or prior to such Person or its Affiliate becoming a Lender) with respect to any obligations of the Borrower or any other Loan Party arising under such Lender Provided Hedging Agreement, but only with
respect to any such Lender Provided Hedging Agreement, and the transactions thereunder, that were entered into while such Person or its Affiliate was a Lender or prior to such Person or its Affiliate becoming a Lender, until either (x) such
obligations are paid in full or otherwise expire or are terminated or (y) the Security 

  
 100 

 
Documents are otherwise released in accordance with Section 9.11(b) or terminate; provided that with respect to any Hedging Agreement, or transaction thereunder, that remains
secured after the counterparty thereto is no longer a Lender or an Affiliate of a Lender, the provisions of Article IX shall also continue to apply to such counterparty in consideration of its benefits hereunder and each such counterparty
shall, if requested by the Administrative Agent, promptly execute and deliver to the Administrative Agent all such other documents, agreements and instruments reasonably requested by the Administrative Agent to evidence the continued applicability
of the provisions of Article IX. Notwithstanding the foregoing, no Lender or Affiliate of a Lender (or former Lender or Affiliate of a former Lender) shall have any voting or consent right under this Agreement or any Security Document as
a result of the existence of obligations owed to it under a Hedging Agreement that are secured by any Security Document. 

(b) Notwithstanding anything contained in any of the Loan Documents to the contrary, the Borrower, the Administrative Agent,
and each Lender, for itself and on behalf of its Affiliates party to a Hedging Agreement with the Borrower or any other Loan Party, hereby agrees that no Secured Party shall have any right individually to realize upon any of the collateral or to
enforce any Guaranty, it being understood and agreed that all powers, rights and remedies hereunder and under the Security Documents may be exercised solely by Administrative Agent on behalf of the Lenders and any other secured party in accordance
with the terms hereof. By accepting the benefits of the Guaranties and the Liens granted pursuant to the Security Documents, each Affiliate of a Lender hereby agrees to the terms of this Section 10.13(b). 

SECTION 10.14 Acknowledgments. The Borrower hereby acknowledges that: 

(a) it has been advised by counsel in the negotiation, execution and delivery of this Agreement and the other Loan Documents;

 (b) (i) the Loan facilities provided for hereunder and any related arranging or other services in connection therewith
(including in connection with any amendment, waiver or other modification hereof or of any other Loan Document) are an arm’s-length commercial transaction between the Borrower and the other Loan Parties, on the one hand, and the Administrative
Agent, the Lenders and the other Agents on the other hand, and the Borrower and the other Loan Parties are capable of evaluating and understanding and understand and accept the terms, risks and conditions of the transactions contemplated hereby and
by the other Loan Documents (including any amendment, waiver or other modification hereof or thereof); (ii) in connection with the process leading to such transaction, each of the Administrative Agent, other Agents and the Lenders, is and has been
acting solely as a principal and is not the financial advisor, agent or fiduciary for any of the Borrower, any other Loan Parties or any of their respective Affiliates, equity holders, creditors or employees or any other Person; (iii) neither the
Administrative Agent, any other Agent nor any Lender has assumed or will assume an advisory, agency or fiduciary responsibility in favor of the Borrower or any other Loan Party with respect to any of the transactions contemplated hereby or the
process leading thereto, including with respect to any amendment, waiver or other modification hereof or of any other Loan Document (irrespective of whether the Administrative Agent or any other Agent or any Lender has advised or is currently
advising any of the Borrower, the other Loan Parties or their respective Affiliates on other matters) and none of the Administrative Agent, any Agent or any Lender has any obligation to any of the Borrower, the other Loan Parties or their respective
Affiliates with respect to the transactions 

  
 101 

 
contemplated hereby except those obligations expressly set forth herein and in the other Loan Documents; (iv) the Administrative Agent and its Affiliates, each other Agent and each of its
Affiliates and each Lender and its Affiliates may be engaged in a broad range of transactions that involve interests that differ from those of the Borrower and its respective Affiliates, and none of the Administrative Agent, any other Agent or any
Lender has any obligation to disclose any of such interests by virtue of any advisory, agency or fiduciary relationship; and (v) none of the Administrative Agent, any Agent or any Lender has provided and none will provide any legal, accounting,
regulatory or tax advice with respect to any of the transactions contemplated hereby (including any amendment, waiver or other modification hereof or of any other Loan Document) and the Borrower has consulted its own legal, accounting, regulatory
and tax advisors to the extent it has deemed appropriate. The Borrower hereby waives and releases, to the fullest extent permitted by law, any claims that it may have against the Administrative Agent and each Agent with respect to any breach or
alleged breach of agency or fiduciary duty; and 
 (c) no joint venture is created hereby or by the other Loan Documents or
otherwise exists by virtue of the transactions contemplated hereby among the Lenders or among the Borrower, on the one hand, and any Lender, on the other hand. 

SECTION 10.15 Severability. Any provision of this Agreement and the other Loan Documents to
which the Borrower is a party that is prohibited or unenforceable in any jurisdiction shall, as to such jurisdiction, be ineffective to the extent of such prohibition or unenforceability without invalidating the remaining provisions thereof, and any
such prohibition or unenforceability in any jurisdiction shall not invalidate or render unenforceable such provision in any other jurisdiction. 

SECTION 10.16 Authorization to Release Subordinate Mortgages. By executing this Agreement, each
Lender hereby consents to the execution by the Administrative Agent and delivery to the Borrower or its designee one or more releases of any subordinate mortgages, deeds of trust, assignments, security agreements, financing statements and fixture
filings heretofore delivered by a Guarantor in favor of the Borrower to secure any Indebtedness of such Guarantor owing to the Borrower that have been collaterally assigned to the Administrative Agent for the benefit of the Lenders and the other
parties secured thereby, together with any and all other documents or instruments of release with respect to the Liens evidenced thereby as the Administrative Agent shall determine are necessary or appropriate (in its sole discretion). 

SECTION 10.17 USA PATRIOT Act Notice. Each Lender that is subject to the Act (as hereinafter
defined) and the Administrative Agent (for itself and not on behalf of any Lender) hereby notifies the Borrower and each other Loan Party that pursuant to the requirements of the USA Patriot Act (Title III of Pub.L.107-56 (signed into law October
26, 2001)) (the “Act”), it is required to obtain, verify and record information that identifies the Borrower and each other Loan Party, which information includes the name and address of the Borrower and each other Loan Party and
other information that will allow such Lender or the Administrative Agent, as applicable, to identify the Borrower and each other Loan Party in accordance with the Act. 

  
 102 

 SECTION 10.18 Governing Law. 

(a) THIS AGREEMENT SHALL BE GOVERNED BY, AND CONSTRUED IN ACCORDANCE WITH, THE LAW OF THE STATE OF NEW YORK APPLICABLE TO
AGREEMENTS MADE AND TO BE PERFORMED ENTIRELY WITHIN SUCH STATE (WITHOUT GIVING EFFECT TO THE PRINCIPLES THEREOF RELATING TO CONFLICT OF LAW EXCEPT SECTION 5-1401 OF THE NEW YORK GENERAL OBLIGATIONS LAW); PROVIDED THAT THE ADMINISTRATIVE AGENT
AND EACH LENDER SHALL RETAIN ALL RIGHTS ARISING UNDER FEDERAL LAW. 
 (b) ANY LEGAL ACTION OR PROCEEDING WITH RESPECT TO
THIS AGREEMENT OR ANY OTHER LOAN DOCUMENT MAY BE BROUGHT IN THE COURTS OF THE STATE OF NEW YORK SITTING IN MANHATTAN OR OF THE UNITED STATES FOR THE SOUTHERN DISTRICT OF SUCH STATE, AND BY EXECUTION AND DELIVERY OF THIS AGREEMENT, THE BORROWER, THE
ADMINISTRATIVE AGENT AND EACH LENDER CONSENTS, FOR ITSELF AND IN RESPECT OF ITS PROPERTY, TO THE NON-EXCLUSIVE JURISDICTION OF THOSE COURTS. THE BORROWER, THE ADMINISTRATIVE AGENT AND EACH LENDER IRREVOCABLY WAIVES ANY OBJECTION, INCLUDING ANY
OBJECTION TO THE LAYING OF VENUE OR BASED ON THE GROUNDS OF FORUM NON CONVENIENS, WHICH IT MAY NOW OR HEREAFTER HAVE TO THE BRINGING OF ANY ACTION OR PROCEEDING IN SUCH JURISDICTION IN RESPECT OF ANY LOAN DOCUMENT OR OTHER DOCUMENT RELATED
THERETO. THE BORROWER, THE ADMINISTRATIVE AGENT AND EACH LENDER WAIVES PERSONAL SERVICE OF ANY SUMMONS, COMPLAINT OR OTHER PROCESS, WHICH MAY BE MADE BY ANY OTHER MEANS PERMITTED BY THE LAW OF SUCH STATE. 

SECTION 10.19 Waiver of Right to Trial by Jury. EACH PARTY TO THIS AGREEMENT HEREBY EXPRESSLY
WAIVES ANY RIGHT TO TRIAL BY JURY OF ANY CLAIM, DEMAND, ACTION OR CAUSE OF ACTION ARISING UNDER ANY LOAN DOCUMENT OR IN ANY WAY CONNECTED WITH OR RELATED OR INCIDENTAL TO THE DEALINGS OF THE PARTIES HERETO OR ANY OF THEM WITH RESPECT TO ANY LOAN
DOCUMENT, OR THE TRANSACTIONS RELATED THERETO, IN EACH CASE WHETHER NOW EXISTING OR HEREAFTER ARISING, AND WHETHER FOUNDED IN CONTRACT OR TORT OR OTHERWISE; AND EACH PARTY HEREBY AGREES AND CONSENTS THAT ANY SUCH CLAIM, DEMAND, ACTION OR CAUSE OF
ACTION SHALL BE DECIDED BY COURT TRIAL WITHOUT A JURY, AND THAT ANY PARTY TO THIS AGREEMENT MAY FILE AN ORIGINAL COUNTERPART OR A COPY OF THIS SECTION WITH ANY COURT AS WRITTEN EVIDENCE OF THE CONSENT OF THE SIGNATORIES HERETO TO THE WAIVER OF THEIR
RIGHT TO TRIAL BY JURY. 
 SECTION 10.20 Consents to Renewals, Modifications and Other Actions and
Events. This Agreement and all of the obligations of the Borrower hereunder shall remain in full force and effect without regard to and shall not be released, affected or impaired by: (a) any amendment, assignment, transfer,
modification of or addition or supplement to the Lenders’ Obligations, this Agreement, any Note or any other Loan Document; (b) any extension, indulgence, increase in the Lenders’ Obligations or other action or inaction in respect of any
of the Loan Documents or otherwise with respect to the Lenders’ Obligations, or any acceptance of security for, or guaranties of, any of the Lenders’ Obligations or Loan Documents, or any surrender, release, exchange, impairment or
alteration of any such security or guaranties including 

  
 103 

 
without limitation the failing to perfect a security interest in any such security or abstaining from taking advantage or of realizing upon any guaranties or upon any security interest in any
such security; (c) any default by the Borrower under, or any lack of due execution, invalidity or unenforceability of, or any irregularity or other defect in, any of the Loan Documents; (d) any waiver by the Lenders or any other Person of any
required performance or otherwise of any condition precedent or waiver of any requirement imposed by any of the Loan Documents, any guaranties or otherwise with respect to the Lenders’ Obligations; (e) any exercise or non-exercise of any right,
remedy, power or privilege in respect of this Agreement or any of the other Loan Documents; (f) any sale, lease, transfer or other disposition of the assets of the Borrower or any consolidation or merger of the Borrower with or into any other
Person, corporation, or entity, or any transfer or other disposition by the Borrower or any other holder of any shares of capital stock or other ownership interest of the Borrower; (g) any bankruptcy, insolvency, reorganization or similar
proceedings involving or affecting the Borrower; (h) the release or discharge of the Borrower from the performance or observance of any agreement, covenant, term or condition under any of the Obligations or contained in any of the Loan Documents by
operation of law; or (i) any other cause whether similar or dissimilar to the foregoing which, in the absence of this provision, would release, affect or impair the Obligations, covenants, agreements and duties of the Borrower hereunder, including
without limitation any act or omission by the Administrative Agent, or the Lenders or any other Person which increases the scope of the Borrower’s risk; and in each case described in this paragraph whether or not the Borrower shall have notice
or knowledge of any of the foregoing, each of which is specifically waived by the Borrower. The Borrower warrants to the Administrative Agent and the Lenders that it has adequate means to obtain from the Guarantors on a continuing basis
information concerning the financial condition and other matters with respect to the Guarantors and it is not relying on the Administrative Agent or the Lenders to provide such information either now or in the future. 

SECTION 10.21 ENTIRE AGREEMENT. This Agreement, together with the other Loan Documents,
comprises the complete and integrated agreement of the parties on the subject matter hereof and thereof and supersedes all prior agreements, written or oral, on such subject matter. THIS AGREEMENT AND THE OTHER LOAN DOCUMENTS REPRESENT THE
FINAL AGREEMENT BETWEEN THE PARTIES AND MAY NOT BE CONTRADICTED BY EVIDENCE OF PRIOR, CONTEMPORANEOUS, OR SUBSEQUENT ORAL AGREEMENTS OF THE PARTIES. THERE ARE NO UNWRITTEN ORAL AGREEMENTS BETWEEN THE PARTIES. 

SECTION 10.22 FLOOD INSURANCE PROVISIONS. Notwithstanding any provision in this Agreement or
any other Loan Document to the contrary, in no event is any Building (as defined in the applicable Flood Insurance Regulation) or Manufactured (Mobile) Home (as defined in the applicable Flood Insurance Regulation) included in the definition of
“Mortgaged Property” and no Building or Manufactured (Mobile) Home is hereby encumbered by this Agreement or any other Loan Document. As used herein, “Flood Insurance Regulations” means (a) the National Flood Insurance Act of
1968 as now or hereafter in effect or any successor statute thereto, (b) the Flood Disaster Protection Act of 1973 as now or hereafter in effect or any successor statue thereto, (c) the National Flood Insurance Reform Act of 1994 (amending 42 USC
4001, et seq.), as the same may be amended or recodified from time to time and (d) the Flood Insurance Reform Act of 2004 and any regulations promulgated thereunder. 

  
 104 

 SECTION 10.23 INTERCREDITOR
AGREEMENTAGREEMENTS. 
 (a)
EACH LENDER HEREBY (I) INSTRUCTS AND AUTHORIZES THE ADMINISTRATIVE AGENT TO EXECUTE AND DELIVER THE PRIORITY LIEN INTERCREDITOR AGREEMENT AND THE SECOND LIEN INTERCREDITOR AGREEMENT ON ITS
BEHALF, (II) AUTHORIZES AND DIRECTS THE ADMINISTRATIVE AGENT TO EXERCISE ALL OF THE ADMINISTRATIVE AGENT’S RIGHTS AND TO COMPLY WITH ALL OF ITS OBLIGATIONS UNDER THE INTERCREDITOR AGREEMENT, (III) AGREES THAT THE ADMINISTRATIVE AGENT MAY TAKE
ACTIONS ON ITS BEHALF AS IS CONTEMPLATED BY THE TERMS OF THE PRIORITY LIEN INTERCREDITOR AGREEMENT AND THE SECOND LIEN INTERCREDITOR AGREEMENT, AND (IV) UNDERSTANDS, ACKNOWLEDGES AND AGREES
THAT AT ALL TIMES FOLLOWING THE EXECUTION AND DELIVERY OF THE PRIORITY LIEN INTERCREDITOR AGREEMENT AND THE SECOND LIEN INTERCREDITOR AGREEMENT SUCH LENDER (AND EACH OF ITS SUCCESSORS AND
ASSIGNS) SHALL BE BOUND BY THE TERMS THEREOF. 
 (b) EACH LENDER ACKNOWLEDGES THAT IT HAS REVIEWED AND IS SATISFIED WITH THE
TERMS AND PROVISIONS OF THE PRIORITY LIEN INTERCREDITOR AGREEMENT AND THE PRIORITY LIEN INTERCREDITOR AGREEMENT AND ACKNOWLEDGES AND AGREES THAT SUCH LENDER IS RESPONSIBLE FOR MAKING ITS
OWN ANALYSIS AND REVIEW OF THE PRIORITY LIEN INTERCREDITOR AGREEMENT AND THE SECOND LIEN INTERCREDITOR AGREEMENT THE TERMS AND
PROVISIONS THEREOF, AND NO AGENT OR ANY OF ITS AFFILIATES MAKES ANY REPRESENTATION TO ANY LENDER AS TO THE SUFFICIENCY OR ADVISABILITY OF THE PROVISIONS CONTAINED IN THE INTERCREDITOR
AGREEMENT.AGREEMENTS.
 SECTION 10.24
 Waiver of Consequential Damages, etc. To the fullest extent permitted by Applicable Law, the Borrower shall not assert, and hereby waives, any claim against any Indemnitee, on any theory of liability, for indirect, special,
punitive, consequential or exemplary damages (as opposed to direct or actual damages) arising out of, in connection with, or as a result of, this Agreement, any other Loan Document or any agreement or instrument contemplated hereby or thereby, the
transactions contemplated hereby or thereby, any Loan or Letter of Credit, or the use of the proceeds thereof. No Indemnitee referred to in clause (b) above shall be liable for any damages arising from the use by unintended recipients of any
information or other materials distributed by it through telecommunications, electronic or other information transmission systems in connection with this Agreement or the other Loan Documents or the transactions contemplated hereby or
thereby. This Section shall survive the termination of the Loan Documents and payment of the other Obligations. 

  
 105 

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

			
	 COMSTOCK RESOURCES, INC.

		
	 By:
	 	  

	 Name:
	 	 Roland O. Burns

	 Title:
	 	 President

  

			
	 BANK OF MONTREAL,

	 as Administrative Agent and Issuing Bank and Lender

		
	 By:
	 	  

	 Name:
	 	 James Ducote

	 Title:
	 	 Director

  

			
	 BANK OF AMERICA, N.A.,

	 as Syndication Agent and Lender

		
	 By:
	 	  

	 Name:
	 	 Raza Jafferi

	 Title:
	 	 Vice President

  

					
		  	S - 1	  	Credit Agreement

 SCHEDULE 7.10 

PERMITTED RESTRICTIONS ON LIEN INCURRENCE 

Section 6.12 of the 2011 Senior Notes Indenture and Section 9.15 of the 2012 Senior Notes Indenture (collectively, the
“Indentures”) provide that the Borrower shall not, and shall not permit any of the Loan Parties to, directly or indirectly, create, incur, assume, affirm or suffer to exist or become effective any “Lien” (as defined
therein) of any kind, except for Permitted Liens (as defined therein), upon any of their respective properties, whether now owned or acquired after the date of the applicable Indenture or any income or profits therefrom, or assign or convey any
right to receive income thereon, unless (a) in the case of any Lien securing Subordinated Indebtedness (as defined therein), the 2011 Senior Notes or the 2012 Senior Notes, as the case may be, are secured by a lien on such property or proceeds that
is senior in priority to such Lien and (b) in the case of any other Lien, the 2011 Senior Notes or the 2012 Senior Notes, as the case may be, are directly secured equally and ratably with the obligation or liability secured by such Lien. Permitted
Lien is defined to include Liens securing the Obligations. 
 Section 9.15 of the 2015 Senior Secured Notes
Indenture provides that Borrower shall not, and shall not permit any Restricted Subsidiary to, directly or indirectly, create, incur assume, affirm or suffer to exist or become effective any Lien of any kind, except for Permitted Liens, upon any of
their respective Properties, whether now owned or acquired after the Issue Date, or any income or profits therefrom, or assign or convey any right to receive income thereon, unless (a) in the case of any Lien securing Subordinated Indebtedness, the
Notes are secured by a lien on such Property or proceeds that is senior in priority to such Lien and (b) in the Case of any other Lien, the Notes are directly secured equally and ratably with the obligation or liability secured by such
Lien. (Capitalized terms used as defined in the 2015 Senior Secured Notes Indenture.). 

  
 Sch. 7.10 - 1 

 TABLE OF CONTENTS 

 

											
	 	 	 	 	 	 	 	  	Page	 
			
	 ARTICLE I.
	 	 DEFINITIONS AND ACCOUNTING TERMS
	  	 	1	  
					
		 	 SECTION 1.1
	 		 	 Defined Terms
	  	 	1	  
					
		 	 SECTION 1.2
	 		 	 Other Interpretive Provisions
	  	 	2426	  
					
		 	 SECTION 1.3
	 		 	 Accounting Terms
	  	 	2426	  
					
		 	 SECTION 1.4
	 		 	 Rounding
	  	 	2527	  
					
		 	 SECTION 1.5
	 		 	 References to Agreements and Laws
	  	 	2527	  
					
		 	 SECTION 1.6
	 		 	 Designation and Conversion of Restricted and Unrestricted Subsidiaries
	  	 	2527	  
			
	 ARTICLE II.
	 	 THE COMMITMENTS AND CREDIT EXTENSIONS
	  	 	2628	  
					
		 	 SECTION 2.1
	 		 	 Loans
	  	 	2628	  
					
		 	 SECTION 2.2
	 		 	 Borrowings, Conversions and Continuations of Loans
	  	 	2628	  
					
		 	 SECTION 2.3
	 		 	 Letters of Credit
	  	 	2830	  
					
		 	 SECTION 2.4
	 		 	 Prepayments
	  	 	3638	  
					
		 	 SECTION 2.5
	 		 	 Reduction or Termination of Commitments and Maximum Loan Amount
	  	 	3739	  
					
		 	 SECTION 2.6
	 		 	 Repayment of Loans
	  	 	3739	  
					
		 	 SECTION 2.7
	 		 	 Interest
	  	 	3739	  
					
		 	 SECTION 2.8
	 		 	 Fees
	  	 	3840	  
					
		 	 SECTION 2.9
	 		 	 Computation of Interest and Fees
	  	 	3840	  
					
		 	 SECTION 2.10
	 		 	 Notes and Other Evidence of Debt
	  	 	3840	  
					
		 	 SECTION 2.11
	 		 	 Payments Generally
	  	 	3941	  
					
		 	 SECTION 2.12
	 		 	 Sharing of Payments
	  	 	4143	  
					
		 	 SECTION 2.13
	 		 	 Defaulting Lenders
	  	 	4143	  
			
	 ARTICLE III.
	 	 TAXES, YIELD PROTECTION AND ILLEGALITY
	  	 	4345	  
					
		 	 SECTION 3.1
	 		 	 Taxes
	  	 	4345	  
					
		 	 SECTION 3.2
	 		 	 Illegality
	  	 	4446	  
					
		 	 SECTION 3.3
	 		 	 Inability to Determine Rates
	  	 	4446	  
					
		 	 SECTION 3.4
	 		 	 Increased Cost and Reduced Return; Capital Adequacy
	  	 	4546	  
					
		 	 SECTION 3.5
	 		 	 Funding Losses
	  	 	4547	  

  
 -i- 

 TABLE OF CONTENTS 

(continued) 
  

											
	    	 	 	  	 	 	 	  	Page	 
					
		 	 SECTION 3.6
	  		 	 Matters Applicable to all Requests for Compensation
	  	 	4648	  
					
		 	 SECTION 3.7
	  		 	 Survival
	  	 	4648	  
					
		 	 SECTION 3.8
	  		 	 Foreign Lenders
	  	 	4648	  
					
		 	 SECTION 3.9
	  		 	 Removal and Replacement of Lenders
	  	 	4749	  
			
	 ARTICLE IV.
	  	 CONDITIONS PRECEDENT TO CREDIT EXTENSIONS
	  	 	4850	  
					
		 	 SECTION 4.1
	  		 	 Conditions of Initial Credit Extension
	  	 	4850	  
					
		 	 SECTION 4.2
	  		 	 Conditions to all Credit Extensions
	  	 	5052	  
					
		 	 SECTION 4.3
	  		 	 Post-Closing Obligations
	  	 	5153	  
			
	 ARTICLE V.
	  	 REPRESENTATIONS AND WARRANTIES
	  	 	5153	  
					
		 	 SECTION 5.1
	  		 	 Existence, Qualification and Power; Compliance with Laws
	  	 	5153	  
					
		 	 SECTION 5.2
	  		 	 Authorization; No Contravention
	  	 	5254	  
					
		 	 SECTION 5.3
	  		 	 Governmental Authorization; Consents
	  	 	5254	  
					
		 	 SECTION 5.4
	  		 	 Binding Effect
	  	 	5254	  
					
		 	 SECTION 5.5
	  		 	 Financial Statements; No Material Adverse Effect
	  	 	5254	  
					
		 	 SECTION 5.6
	  		 	 Litigation
	  	 	5355	  
					
		 	 SECTION 5.7
	  		 	 No Default
	  	 	5355	  
					
		 	 SECTION 5.8
	  		 	 Ownership of Property; Liens
	  	 	5355	  
					
		 	 SECTION 5.9
	  		 	 Environmental Matters
	  	 	5355	  
					
		 	 SECTION 5.10
	  		 	 Insurance
	  	 	5456	  
					
		 	 SECTION 5.11
	  		 	 Taxes
	  	 	5456	  
					
		 	 SECTION 5.12
	  		 	 ERISA Compliance
	  	 	5456	  
					
		 	 SECTION 5.13
	  		 	 Subsidiaries
	  	 	5557	  
					
		 	 SECTION 5.14
	  		 	 Margin Regulations; Investment Company Act, Anti-Money Laundering and
Anti-Terrorism Finance Laws
	  	 	5658	  
					
		 	 SECTION 5.15
	  		 	 Disclosure
	  	 	5658	  
					
		 	 SECTION 5.16
	  		 	 Intellectual Property; Licenses, Etc
	  	 	5658	  
					
		 	 SECTION 5.17
	  		 	 Direct Benefit
	  	 	5759	  
					
		 	 SECTION 5.18
	  		 	 Solvency
	  	 	5759	  
					
		 	 SECTION 5.19
	  		 	 Indenture Debt Documents
	  	 	5759	  

  
 -ii- 

 TABLE OF CONTENTS 

(continued) 
  

											
	 	 	 	  	Page	 
					
		 	 SECTION 5.20
	 		 	 Hedging Agreements
	  	 	5759	  
					
		 	 SECTION 5.21
	 		 	 Location of Business and Offices
	  	 	5860	  
			
	 ARTICLE VI.
	 	 AFFIRMATIVE COVENANTS
	  	 	5860	  
					
		 	 SECTION 6.1
	 		 	 Financial Statements
	  	 	5860	  
					
		 	 SECTION 6.2
	 		 	 Certificates; Other Information
	  	 	5961	  
					
		 	 SECTION 6.3
	 		 	 Notices
	  	 	6164	  
					
		 	 SECTION 6.4
	 		 	 Payment of Obligations
	  	 	6264	  
					
		 	 SECTION 6.5
	 		 	 Preservation of Existence, Etc
	  	 	6264	  
					
		 	 SECTION 6.6
	 		 	 Maintenance of Properties
	  	 	6265	  
					
		 	 SECTION 6.7
	 		 	 Maintenance of Insurance
	  	 	6365	  
					
		 	 SECTION 6.8
	 		 	 Compliance with Laws
	  	 	6365	  
					
		 	 SECTION 6.9
	 		 	 Books and Records
	  	 	6365	  
					
		 	 SECTION 6.10
	 		 	 Inspection Rights
	  	 	6365	  
					
		 	 SECTION 6.11
	 		 	 Compliance with ERISA
	  	 	6365	  
					
		 	 SECTION 6.12
	 		 	 Use of Proceeds
	  	 	6366	  
					
		 	 SECTION 6.13
	 		 	 [intentionally omitted]
	  	 	6466	  
					
		 	 SECTION 6.14
	 		 	 Additional Covenants Upon Issuance of Additional Permitted Notes or Permitted
Refinancing Indebtedness
	  	 	6466	  
					
		 	 SECTION 6.15
	 		 	 [intentionally omitted]
	  	 	6466	  
					
		 	 SECTION 6.16
	 		 	 Security
	  	 	6466	  
					
		 	 SECTION 6.17
	 		 	 Keepwell
	  	 	6770	  
					
		 	 SECTION 6.18
	 		 	 Unrestricted Subsidiaries
	  	 	6870	  
					
		 	 SECTION 6.19
	 		 	 Title Information
	  	 	6871	  
			
	 ARTICLE VII.
	 	 NEGATIVE COVENANTS
	  	 	6971	  
					
		 	 SECTION 7.1
	 		 	 Liens
	  	 	6971	  
					
		 	 SECTION 7.2
	 		 	 Investments
	  	 	7073	  
					
		 	 SECTION 7.3
	 		 	 Indebtedness
	  	 	7173	  
					
		 	 SECTION 7.4
	 		 	 Fundamental Changes
	  	 	7275	  
					
		 	 SECTION 7.5
	 		 	 Dispositions
	  	 	7376	  

  
 -iii- 

 TABLE OF CONTENTS 

(continued) 
  

											
	 	 	 	 	 	 	 	  	Page	 
					
		 	 SECTION 7.6
	 		 	 Restricted Payments
	  	 	7477	  
					
		 	 SECTION 7.7
	 		 	 ERISA
	  	 	7477	  
					
		 	 SECTION 7.8
	 		 	 Change in Nature of Business
	  	 	7477	  
					
		 	 SECTION 7.9
	 		 	 Transactions with Affiliates
	  	 	7477	  
					
		 	 SECTION 7.10
	 		 	 Burdensome Agreements
	  	 	7578	  
					
		 	 SECTION 7.11
	 		 	 Use of Proceeds
	  	 	7578	  
					
		 	 SECTION 7.12
	 		 	 Payments and Modification of Indenture Debt Documents
	  	 	7578	  
					
		 	 SECTION 7.13
	 		 	 Financial Covenants
	  	 	7679	  
					
		 	 SECTION 7.14
	 		 	 Limitation on Hedges
	  	 	7679	  
					
		 	 SECTION 7.15
	 		 	 Hedging Agreement Termination
	  	 	7680	  
					
		 	 SECTION 7.16
	 		 	 Sanction Laws
	  	 	7780	  
					
		 	 SECTION 7.17
	 		 	 Sale and Leaseback Transactions and other Off-Balance Sheet Liabilities
	  	 	7780	  
					
		 	 SECTION 7.18
	 		 	 Sale or Discount of Receivables
	  	 	7780	  
					
		 	 SECTION 7.19
	 		 	 Additional Collateral for 2015 Senior Secured Notes
	  	 	7780	  
					
		 	 SECTION 7.20
	 		 	 Limitation on Issuances and Sales of Preferred Stock of Restricted Subsidiaries
	  	 	7781	  
					
		 	 SECTION 7.21
	 		 	 Gas Imbalances, Take-or-Pay or Other Prepayments
	  	 	7881	  
			
	 ARTICLE VIII.
	 	 EVENTS OF DEFAULT AND REMEDIES
	  	 	7881	  
					
		 	 SECTION 8.1
	 		 	 Events of Default
	  	 	7881	  
					
		 	 SECTION 8.2
	 		 	 Remedies Upon Event of Default
	  	 	8083	  
					
		 	 SECTION 8.3
	 		 	 Distribution of Proceeds
	  	 	8184	  
			
	 ARTICLE IX.
	 	 ADMINISTRATIVE AGENT
	  	 	8285	  
					
		 	 SECTION 9.1
	 		 	 Appointment and Authorization of Administrative Agent
	  	 	8285	  
					
		 	 SECTION 9.2
	 		 	 Delegation of Duties
	  	 	8286	  
					
		 	 SECTION 9.3
	 		 	 Liability of Administrative Agent
	  	 	8386	  
					
		 	 SECTION 9.4
	 		 	 Reliance by Administrative Agent
	  	 	8386	  
					
		 	 SECTION 9.5
	 		 	 Notice of Default
	  	 	8487	  
					
		 	 SECTION 9.6
	 		 	 Credit Decision; Disclosure of Information by Administrative Agent
	  	 	8487	  

  
 -iv- 

 TABLE OF CONTENTS 

(continued) 
  

											
	 	 	 	 	 	 	 	  	Page	 
					
		 	 SECTION 9.7
	 		 	 Indemnification of Administrative Agent
	  	 	8588	  
					
		 	 SECTION 9.8
	 		 	 Administrative Agent in its Individual Capacity
	  	 	8588	  
					
		 	 SECTION 9.9
	 		 	 Successor Administrative Agent
	  	 	8589	  
					
		 	 SECTION 9.10
	 		 	 Administrative Agent May File Proofs of Claim
	  	 	8689	  
					
		 	 SECTION 9.11
	 		 	 Authority of Administrative Agent to Release Collateral Property, Liens and Guarantees
	  	 	8790	  
					
		 	 SECTION 9.12
	 		 	 Other Agents; Lead Managers
	  	 	8791	  
			
	 ARTICLE X.
	 	 MISCELLANEOUS
	  	 	8891	  
					
		 	 SECTION 10.1
	 		 	 Amendments, Etc
	  	 	8891	  
					
		 	 SECTION 10.2
	 		 	 Notices and Other Communications; Facsimile Copies
	  	 	8992	  
					
		 	 SECTION 10.3
	 		 	 No Waiver; Cumulative Remedies
	  	 	9194	  
					
		 	 SECTION 10.4
	 		 	 Attorney Costs, Expenses and Taxes
	  	 	9194	  
					
		 	 SECTION 10.5
	 		 	 Indemnification by the Borrower
	  	 	9195	  
					
		 	 SECTION 10.6
	 		 	 Payments Set Aside
	  	 	9295	  
					
		 	 SECTION 10.7
	 		 	 Successors and Assigns; Assignments; Participations
	  	 	9296	  
					
		 	 SECTION 10.8
	 		 	 Confidentiality
	  	 	9699	  
					
		 	 SECTION 10.9
	 		 	 Set-off
	  	 	96100	  
					
		 	 SECTION 10.10
	 		 	 Interest Rate Limitation
	  	 	97100	  
					
		 	 SECTION 10.11
	 		 	 Counterparts
	  	 	98101	  
					
		 	 SECTION 10.12
	 		 	 Survival of Representations and Warranties
	  	 	98101	  
					
		 	 SECTION 10.13
	 		 	 Collateral Matters; Hedges
	  	 	98101	  
					
		 	 SECTION 10.14
	 		 	 Acknowledgments
	  	 	99102	  
					
		 	 SECTION 10.15
	 		 	 Severability
	  	 	100103	  
					
		 	 SECTION 10.16
	 		 	 Authorization to Release Subordinate Mortgages
	  	 	100103	  
					
		 	 SECTION 10.17
	 		 	 USA PATRIOT Act Notice
	  	 	100103	  
					
		 	 SECTION 10.18
	 		 	 Governing Law
	  	 	100103	  
					
		 	 SECTION 10.19
	 		 	 Waiver of Right to Trial by Jury
	  	 	101104	  
					
		 	 SECTION 10.20
	 		 	 Consents to Renewals, Modifications and Other Actions and Events
	  	 	101104	  

  
 -v- 

 TABLE OF CONTENTS 

(continued) 
  

											
	 	 	 	 	 	 	 	  	Page	 
					
		 	 SECTION 10.21
	 		 	 ENTIRE AGREEMENT
	  	 	102105	  
					
		 	 SECTION 10.22
	 		 	 FLOOD INSURANCE PROVISIONS
	  	 	102105	  
					
		 	 SECTION 10.23
	 		 	 INTERCREDITOR AGREEMENT 102
	  	 	AGREEMENTS 105	  
					
		 	 SECTION 10.24
	 		 	 Waiver of Consequential Damages, etc
	  	 	103106	  

  
 -vi- 

 SCHEDULES 
  

			
	 2.1
	  	 Commitment Amounts and Percentage Shares

	 5.6
	  	 Litigation

	 5.13
	  	 Subsidiaries and Other Equity Investments

	 5.20
	  	 Hedging Agreements

	 5.21
	  	 Location of Business and Offices

	 7.1
	  	 Existing Liens

	 7.2
	  	 Existing Investments

	 7.3
	  	 Prior Indebtedness

	 7.10
	  	 Permitted Restrictions on Lien Incurrence

	 10.2
	  	 Eurodollar and Domestic Lending Offices, Addresses for Notices

 EXHIBITS 
  

			
		  	 Form of

		
	 A
	  	 Notice of Advance

	 B
	  	 Note

	 C
	  	 Compliance Certificate

	 D
	  	 Lender Assignment

 Exhibit B 

Security Documents 
  

	 	 1.
	 Supplement and First Amendment to Mortgage, Deed of Trust, Assignment, Security Agreement, Financing
Statement, and Fixture Filing from Comstock Oil & Gas, LP to the Pari Passu Collateral Agent. 

  

	 	 2.
	 Supplement and First Amendment to Mortgage, Assignment, Security Agreement, Financing Statement, and Fixture
Filing from Comstock Oil & Gas- Louisiana, LLC, to the Pari Passu Collateral Agent. 

  

	 	 3.
	 First Amendment to Security Agreement by and among the Borrower and the Guarantors in favor of the Pari Passu
Collateral Agent. 

  

	 	 4.
	 First Amendment to Pledge Agreement and Irrevocable Proxy by and among the Borrower and the Guarantors in
favor of the Pari Passu Collateral Agent. 

  

	 	 5.
	 Amended and Restated Deposit Account Control Agreement by and among the Borrower, Priority Lien Agent, Second
Lien Collateral Agent and Comerica Bank. 

  

	 	 6.
	 Collateral Trust Agreement by and among the Borrower, the Guarantors, Bank of Montreal, as the Collateral
Trustee, American Stock Transfer & Trust Company, LLC, as Parity Lien Representative of the holders of New Convertible 2019 Notes, and American Stock Transfer & Trust Company, LLC, as the Parity Lien Representative of the holders of New
Convertible 2020 Notes. 

 Exhibit B 

 Exhibit C 

Indenture Debt Documents 
  

	 	 1.
	 Supplemental Indenture to 2011 Senior Notes Indenture; 

 

	 	 2.
	 Supplemental Indenture to 2012 Senior Notes Indenture; 

 

	 	 3.
	 Supplemental Indenture to 2015 Senior Notes Indenture; 

 

	 	 4.
	 2019 Second Lien Indenture; 

 

	 	 5.
	 2020 Second Lien Indenture; 

 

	 	 6.
	 Priority Lien Indenture; and 

 

	 	 7.
	 All other documents related to or delivered in connection with the Notes Exchange Transaction.

 Exhibit C

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