Common use of SCHEDULE OF EXCHANGES OF INTERESTS IN THE GLOBAL NOTE Clause in Contracts

SCHEDULE OF EXCHANGES OF INTERESTS IN THE GLOBAL NOTE. The following exchanges of a part of this Global Note for an interest in another Global Note or for a Definitive Note, or exchanges of a part of another Global Note or Definitive Note for an interest in this Global Note, have been made: Date of Exchange Amount of Decrease in Principal Amount at Maturity of this Global Note Amount of Increase in Principal Amount at Maturity of this Global Note Principal Amount Maturity of this Global Note Following such Decrease (or Increase) EXHIBIT B-1 FORM OF CERTIFICATE OF TRANSFER Ultra Petroleum Corp. 400 Xxxxx Xxx Xxxxxxx Parkway E., Suite 1200, Houston, Texas 77060 Facsimile: (000) 000-0000 Attention: Chief Financial Officer US Bank National Association 5000 Xxx Xxxxxx, 00xx Floor Houston, Texas 77056 Facsimile: (000) 000-0000 Attention: Corporate Trust Services Re: 6.125% Senior Notes due 2024 Reference is hereby made to the Indenture, dated as of September 18, 2014 (the “Indenture”) among Ultra Petroleum Corp., a Yukon corporation (the “Company”) and U.S. Bank National Association, as trustee. Capitalized terms used but not defined herein shall have the meanings given to them in the Indenture. (the “Transferor”) owns and proposes to transfer the Note[s] or interest in such Note[s] specified in Annex A hereto, in the principal amount at maturity of $ in such Note[s] or interests (the “Transfer”), to (the “Transferee”), as further specified in Annex A hereto. In connection with the Transfer, the Transferor hereby certifies that: [CHECK ALL THAT APPLY]

SCHEDULE OF EXCHANGES OF INTERESTS IN THE GLOBAL NOTE. The following exchanges of a part of this Global Note for an interest in another Global Note or for a Definitive Note, or exchanges of a part of another Global Note or Definitive Note for an interest in this Global Note, have been made: Date of Exchange Amount of Decrease in Principal Amount at Maturity of this Global Note Amount of Increase in Principal Amount at Maturity of this Global Note Principal Amount Maturity of this Global Note Following such Decrease (or Increase) EXHIBIT B-1 FORM OF CERTIFICATE OF TRANSFER Ultra Petroleum Corp. 400 Xxxxx Xxx SM Energy Company 0000 Xxxxxxx Parkway E.Xxxxxx, Suite 12001200 Denver, Houston, Texas 77060 Colorado 80203 Facsimile: (000) 000-0000 Attention: Chief Financial Officer US U.S. Bank National Association 5000 Xxx 000 00xx Xxxxxx, 00xx Floor HoustonXxxxx Xxxxxx, Texas 77056 Xxxxxxxx 00000 Facsimile: (000) 000-0000 [­­­­­­­­_________] Attention: Corporate Trust Services [_________] Re: 6.125% 6⅝% Senior Notes due 2024 2019 Reference is hereby made to the Indenture, dated as of September 18February 7, 2014 2011 (the “Indenture”) among Ultra Petroleum Corp.SM Energy Company, a Yukon Delaware corporation (the “Company”) and U.S. Bank National Association, as trustee. Capitalized terms used but not defined herein shall have the meanings given to them in the Indenture. (the “Transferor”) owns and proposes to transfer the Note[s] or interest in such Note[s] specified in Annex A hereto, in the principal amount at maturity of $ $____ in such Note[s] or interests (the “Transfer”), to (______________ the “Transferee”), as further specified in Annex A hereto. In connection with the Transfer, the Transferor hereby certifies that: [CHECK ALL THAT APPLY]

SCHEDULE OF EXCHANGES OF INTERESTS IN THE GLOBAL NOTE. The following exchanges of a part of this Global Note for an interest in another Global Note or for a Definitive Note, or exchanges of a part of another Global Note or Definitive Note for an interest in this Global Note, have been made: Date of Exchange Amount of Decrease in Principal Amount at Maturity of this Global Note Amount of Increase in Principal Amount at Maturity of this Global Note Principal Amount Maturity of this Global Note Following such Decrease (or Increase) EXHIBIT B-1 FORM OF CERTIFICATE OF TRANSFER Ultra Petroleum Corp. 400 Xxxxx Xxx SM Energy Company 0000 Xxxxxxx Parkway E.Xxxxxx, Suite 12001200 Denver, Houston, Texas 77060 Colorado 80203 Facsimile: (000) 000-0000 Attention: Chief Financial Officer US U.S. Bank National Association 5000 Xxx 000 00xx Xxxxxx, 00xx Floor HoustonXxxxx Xxxxxx, Texas 77056 Xxxxxxxx 00000 Facsimile: (000) 000-0000 Attention: Global Corporate Trust Services Re: 6.125% Senior Notes due 2024 2022 Reference is hereby made to the Indenture, dated as of September 18November 17, 2014 (the “Indenture”) among Ultra Petroleum Corp.SM Energy Company, a Yukon Delaware corporation (the “Company”) and U.S. Bank National Association, as trustee. Capitalized terms used but not defined herein shall have the meanings given to them in the Indenture. (the “Transferor”) owns and proposes to transfer the Note[s] or interest in such Note[s] specified in Annex A hereto, in the principal amount at maturity of $ in such Note[s] or interests (the “Transfer”), to (the “Transferee”), as further specified in Annex A hereto. In connection with the Transfer, the Transferor hereby certifies that: [CHECK ALL THAT APPLY]

SCHEDULE OF EXCHANGES OF INTERESTS IN THE GLOBAL NOTE. The following exchanges of a part of this Global Note for an interest in another Global Note or for a Definitive Note, or exchanges of a part of another Global Note or Definitive Note for an interest in this Global Note, have been made: Date of Exchange Amount of Decrease in Principal Amount at Maturity of this Global Note Amount of Increase in Principal Amount at Maturity of this Global Note Principal Amount Maturity of this Global Note Following such Decrease (or Increase) EXHIBIT B-1 FORM OF CERTIFICATE OF TRANSFER Ultra Petroleum Corp. 400 Xxxxx Xxx SM Energy Company 0000 Xxxxxxx Parkway E.Xxxxxx, Suite 12001200 Denver, Houston, Texas 77060 Colorado 80203 Facsimile: (000) 000-0000 Attention: Chief Financial Officer US U.S. Bank National Association 5000 Xxx 000 00xx Xxxxxx, 00xx Floor HoustonXxxxx Xxxxxx, Texas 77056 Xxxxxxxx 00000 Facsimile: (000) 000-0000 [ ] Attention: Corporate Trust Services [ ] Re: 6.125% 6½% Senior Notes due 2024 2023 Reference is hereby made to the Indenture, dated as of September 18June 29, 2014 2012 (the “Indenture”) among Ultra Petroleum Corp.SM Energy Company, a Yukon Delaware corporation (the “Company”) and U.S. Bank National Association, as trustee. Capitalized terms used but not defined herein shall have the meanings given to them in the Indenture. (the “Transferor”) owns and proposes to transfer the Note[s] or interest in such Note[s] specified in Annex A hereto, in the principal amount at maturity of $ in such Note[s] or interests (the “Transfer”), to (the “Transferee”), as further specified in Annex A hereto. In connection with the Transfer, the Transferor hereby certifies that: [CHECK ALL THAT APPLY]

SCHEDULE OF EXCHANGES OF INTERESTS IN THE GLOBAL NOTE. The following exchanges of a part of this Global Note for an interest in another Global Note or for a Definitive Note, or exchanges of a part of another Global Note or Definitive Note for an interest in this Global Note, have been made: Date of Exchange Amount of Decrease in Principal Amount at Maturity of this Global Note Amount of Increase in Principal Amount at Maturity of this Global Note Principal Amount Maturity of this Global Note Following such Decrease (or Increase) EXHIBIT B-1 FORM OF CERTIFICATE OF TRANSFER Ultra Petroleum Corp. 400 Xxxxx Xxx Xxxxxxx Parkway E., Suite 1200, Houston, Texas 77060 Facsimile: (000) 000-0000 Attention: Chief Financial Officer US Bank National Association 5000 Xxx Xxxxxx, 00xx Floor Houston, Texas 77056 Facsimile: (000) 000-0000 Attention: Corporate Trust Services Re: 6.1255.750% Senior Notes due 2024 2018 Reference is hereby made to the Indenture, dated as of September 18December 12, 2014 2013 (the “Indenture”) among Ultra Petroleum Corp., a Yukon corporation (the “Company”) and U.S. Bank National Association, as trustee. Capitalized terms used but not defined herein shall have the meanings given to them in the Indenture. (the “Transferor”) owns and proposes to transfer the Note[s] or interest in such Note[s] specified in Annex A hereto, in the principal amount at maturity of $ in such Note[s] or interests (the “Transfer”), to (the “Transferee”), as further specified in Annex A hereto. In connection with the Transfer, the Transferor hereby certifies that: [CHECK ALL THAT APPLY]

SCHEDULE OF EXCHANGES OF INTERESTS IN THE GLOBAL NOTE. The following exchanges of a part of this Global Note for an interest in another Global Note or for a Definitive Note, or exchanges of a part of another Global Note or Definitive Note for an interest in this Global Note, have been made: Date of Exchange Amount of Decrease in Principal Amount at Maturity of this Global Note Amount of Increase in Principal Amount at Maturity of this Global Note Principal Amount Maturity of this Global Note Following such Decrease (or Increase) EXHIBIT B-1 FORM OF CERTIFICATE OF TRANSFER Ultra Petroleum Corp. 400 Xxxxx Xxx SM Energy Company 0000 Xxxxxxx Parkway E.Xxxxxx, Suite 12001200 Denver, Houston, Texas 77060 Colorado 80203 Facsimile: (000) 000-0000 Attention: Chief Financial Officer US U.S. Bank National Association 5000 Xxx 000 00xx Xxxxxx, 00xx Floor HoustonXxxxx Xxxxxx, Texas 77056 Xxxxxxxx 00000 Facsimile: (000) 000-0000 [ ] Attention: Corporate Trust Services [ ] Re: 6.125% 6½% Senior Notes due 2024 2021 Reference is hereby made to the Indenture, dated as of September 18November 8, 2014 2011 (the “Indenture”) among Ultra Petroleum Corp.SM Energy Company, a Yukon Delaware corporation (the “Company”) and U.S. Bank National Association, as trustee. Capitalized terms used but not defined herein shall have the meanings given to them in the Indenture. (the “Transferor”) owns and proposes to transfer the Note[s] or interest in such Note[s] specified in Annex A hereto, in the principal amount at maturity of $ in such Note[s] or interests (the “Transfer”), to (the “Transferee”), as further specified in Annex A hereto. In connection with the Transfer, the Transferor hereby certifies that: [CHECK ALL THAT APPLY]