Amendment No. 2 to Credit Agreement, dated March 23, 2012


 Exhibit 10.4 
 EXECUTION VERSION 
 AMENDMENT NO. 2 TO CREDIT AGREEMENT 

THIS AMENDMENT NO. 2 TO CREDIT AGREEMENT (this “Amendment”) dated as of March 23, 2012 is among Energy Transfer
Equity, L.P., a Delaware limited partnership (the “Borrower”), the several banks and other financial institutions signatories hereto, and Credit Suisse AG, as Administrative Agent for the Lenders (the “Administrative
Agent”). 
 RECITALS 
 A. The Borrower, the Lenders and the Administrative Agent are parties to a Credit Agreement dated as of September 20, 2010 (as amended by Amendment No. 1 to Credit Agreement dated as of
November 11, 2010, and as further amended, modified or supplemented prior to the date hereof, the “Existing Credit Agreement”). 
 B. The Borrower has requested that the Existing Credit Agreement be amended such that, after giving effect to all such amendments, it shall be in the form of the Amended and Restated Credit Agreement
attached hereto as Exhibit A (the “Amended and Restated Credit Agreement”), subject to the satisfaction of the conditions precedent to effectiveness referred to in Section 2 hereof. 

C. NOW, THEREFORE, in consideration of the foregoing and the mutual covenants set forth in this Amendment, the Borrower and the Majority
Lenders agree as follows: 
 1. Amendment and Restatement of Existing Credit Agreement. Subject to the terms and
conditions set forth herein, the Existing Credit Agreement shall be amended and restated on the Restatement Effective Date as the Amended and Restated Credit Agreement and any term or provision of the Existing Credit Agreement which is different
from that set forth in the Amended and Restated Credit Agreement shall be replaced and superseded in all respects by the terms and provisions of the Amended and Restated Credit Agreement. 

2. Amendment Effectiveness. The effectiveness of this Amendment is subject to the satisfaction of the following conditions
precedent: 
 (a) the Administrative Agent shall have received: 

(i) an original counterpart of this Amendment, duly executed by the Borrower, the Administrative Agent, each Guarantor and
the Majority Lenders; and 
 (ii) a certificate signed by a Responsible Officer of the Borrower certifying that
the representations and warranties of the Borrower set forth in Section 5 of this Amendment shall be true and correct. 
 The date
on which such conditions have been satisfied (or waived) is referred to herein as the “Amendment Effective Date”. 
 3. Restatement Effectiveness. The effectiveness of the Amended and Restated Credit Agreement is subject to each of the conditions precedent set forth in Section 4.01 of the







 
Amended and Restated Credit Agreement having been satisfied or waived in accordance with Section 10.01 of the Amended and Restated Credit Agreement, as if such Sections were fully set
forth herein. The date on which such conditions have been satisfied (or waived) is referred to herein as the “Restatement Effective Date”. 
 4. Defined Terms. Each capitalized term not defined in this Amendment shall have the definition ascribed such term in the Amended and Restated Credit Agreement. 

5. Representations and Warranties. The Borrower hereby represents and warrants to the Administrative Agent and each of the Lenders
as follows: 
 (a) As of the Amendment Effective Date, this Amendment has been duly authorized by all necessary limited
partnership action and constitutes the binding obligation of the Borrower. 
 (b) As of the Amendment Effective Date, after
giving effect to this Amendment, no Default or Event of Default has occurred and is continuing. 
 6. Ratification of Credit
Agreement and Loan Documents. The Borrower and each Guarantor hereby confirms and ratifies the Credit Agreement as amended hereby and each of the other Loan Documents to which it is a party and acknowledges and agrees that the same continue in
full force and effect as amended hereby (as applicable). Each Guarantor hereby consents, acknowledges and agrees to the amendments and other agreements set forth herein. 
 7. Effect of Amendment. On and after the Restatement Effective Date, each reference to the Existing Credit Agreement in any Loan Document shall be deemed to be a reference to the Amended and
Restated Credit Agreement. On and after the Restatement Effective Date, this Amendment shall constitute a “Loan Document” for all purposes of the Amended and Restated Credit Agreement and the other Loan Documents. On and after the
Restatement Effective Date, as used in the Amended and Restated Credit Agreement, the terms “Agreement”, “this Agreement”, “herein”, “hereinafter”, “hereto”, “hereof”, and words of similar
import shall, unless the context otherwise requires, mean the Amended and Restated Credit Agreement. 
 9. Counterparts.
This Amendment may be executed by all parties hereto in any number of separate counterparts each of which may be delivered in original, facsimile or other electronic (e.g., “.pdf”) form and all of such counterparts taken together
constitute one instrument. 
 10. References. The words “hereby,” “herein,” “hereinabove,”
“hereinafter,” “hereinbelow,” “hereof,” “hereunder” and words of similar import when used in this Amendment refer to this Amendment as a whole and not to any particular article, section or provision of this
Amendment. 
 11. Headings Descriptive. The headings of the several sections of this Amendment are inserted for
convenience only and do not in any way affect the meaning or construction of any provision of this Amendment. 

  
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 12. Governing Law. This Amendment is governed by and will be construed in accordance
with the law of the State of New York. 
 13. Final Agreement of the Parties. THIS AMENDMENT, THE AMENDED AND RESTATED
CREDIT AGREEMENT AND THE OTHER LOAN DOCUMENTS REPRESENT THE FINAL AGREEMENT AMONG 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
AMONG THE PARTIES. 
 [Signatures on following pages.] 

  
 3 







 IN WITNESS WHEREOF, the parties hereto have caused this instrument to be made, executed and
delivered by their duly authorized officers as of the day and year first above written. 
  

			
	BORROWER:
	
	ENERGY TRANSFER EQUITY, L.P.
		
	By:	 	LE GP, LLC, its general partner
		
	By:	 	 /s/ John W. McReynolds

	Name:	 	John W. McReynolds
	Title:	 	President and Chief Financial Officer



  
 Signature Page
to 
 Amendment No. 2 to Credit Agreement 








			
	 CREDIT SUISSE AG, CAYMAN ISLANDS
 BRANCH, as Administrative Agent, LC Issuer,
 Swingline Lender, and a
Lender

		
	By:	 	 /s/ Shaheen Malik

	Name:	 	Shaheen Malik
	Title:	 	Vice President
		
	By:	 	 /s/ Michael Spaight

	Name:	 	Michael Spaight
	Title:	 	Associate



  
 Signature Page
to 
 Amendment No. 2 to Credit Agreement 








			
	MORGAN STANLEY BANK, N.A.
		
	By:	 	 /s/ Scott Taylor

	Name:	 	Scott Taylor
	Title:	 	Vice President



  
 Signature Page
to 
 Amendment No. 2 to Credit Agreement 








			
	 WELLS FARGO BANK, NATIONAL
 ASSOCIATION

		
	By:	 	 /s/ Janet Paige

	Name:	 	Janet Paige
	Title:	 	Assistant Vice President



  
 Signature Page
to 
 Amendment No. 2 to Credit Agreement 








			
	BANK OF AMERICA, N.A.
		
	By:	 	 /s/ Stephen J. Hoffman

	Name:	 	Stephen J. Hoffman
	Title:	 	Managing Director



  
 Signature Page
to 
 Amendment No. 2 to Credit Agreement 








			
	BNP PARIBAS
		
	By:	 	 /s/ Greg Smothers

	Name:	 	Greg Smothers
	Title:	 	Director
		
	By:	 	 /s/ Edward Pak

	Name:	 	Edward Pak
	Title:	 	Director



  
 Signature Page
to 
 Amendment No. 2 to Credit Agreement 








			
	SUNTRUST BANK, N.A.
		
	By:	 	 /s/ Carmen Malizia

	Name:	 	Carmen Malizia
	Title:	 	Vice President



  
 Signature Page
to 
 Amendment No. 2 to Credit Agreement 








			
	DEUTSCHE BANK AG NEW YORK BRANCH
		
	By:	 	 /s/ Philippe Sandmeier

	Name:	 	Philippe Sandmeier
	Title:	 	Managing Director
		
	By:	 	 /s/ Ming K. Chu

	Name:	 	Ming K. Chu
	Title:	 	Vice President



  
 Signature Page
to 
 Amendment No. 2 to Credit Agreement 








			
	CITICORP NORTH AMERICA, INC.
		
	By:	 	 /s/ John F. Miller

	Name:	 	John F. Miller
	Title:	 	Attorney-In-Fact



  
 Signature Page
to 
 Amendment No. 2 to Credit Agreement 







 Exhibit A 

Amended and Restated Credit Agreement 






 EXHIBIT A TO AMENDMENT NO. 2 TO CREDIT AGREEMENT 

 
  

 
 AMENDED AND RESTATED

 CREDIT AGREEMENT 
 Dated as of March 26, 2012 
 among 

ENERGY TRANSFER EQUITY, L.P., 
 as the Borrower, 
 CREDIT SUISSE AG, 

as Administrative Agent, 
 and 
 The Other Lenders Party Hereto 

CREDIT SUISSE SECURITIES (USA) LLC 
 as 
 Lead Arranger and Bookrunner 

$200,000,000 Five Year Revolving Credit Facility 
  

 
  






   TABLE OF CONTENTS 

 

							
	 	 	 Section
	  	Page	 
		
	Article I. DEFINITIONS AND ACCOUNTING TERMS	  	6	 
	  1.01	 	Defined Terms	  	 	6	  
	  1.02	 	Other Interpretive Provisions	  	 	37	  
	  1.03	 	Accounting Terms	  	 	38	  
	  1.04	 	Rounding	  	 	39	  
	  1.05	 	Times of Day	  	 	39	  
	  1.06	 	Letter of Credit Amounts	  	 	39	  
	Article II. the Commitments and Credit Extensions	  	 	39	  
	  2.01	 	Loans	  	 	39	  
	  2.02	 	Swingline Loans	  	 	39	  
	  2.03	 	Requests for New Loans	  	 	41	  
	  2.04	 	Continuations and Conversions of Existing Loans	  	 	42	  
	  2.05	 	Use of Proceeds	  	 	43	  
	  2.06	 	Prepayments of Loans	  	 	43	  
	  2.07	 	Letters of Credit	  	 	44	  
	  2.08	 	Requesting Letters of Credit	  	 	44	  
	  2.09	 	Reimbursement and Participations	  	 	45	  
	  2.10	 	No Duty to Inquire	  	 	47	  
	  2.11	 	LC Collateral	  	 	48	  
	  2.12	 	Interest Rates and Fees	  	 	49	  
	  2.13	 	Evidence of Debt	  	 	50	  
	  2.14	 	Payments Generally; Administrative Agent’s Clawback	  	 	50	  
	  2.15	 	Sharing of Payments by Lenders	  	 	52	  
	  2.16	 	Reductions in Commitment	  	 	53	  
	  2.17	 	Defaulting Lenders	  	 	53	  
	  2.18	 	Increase of Commitments	  	 	55	  
	Article III. TAXES, YIELD PROTECTION AND ILLEGALITY	  	 	56	  
	  3.01	 	Taxes	  	 	56	  
	  3.02	 	Illegality	  	 	60	  
	  3.03	 	Inability to Determine Rates	  	 	60	  
	  3.04	 	Increased Costs; Reserves on Eurodollar Loans	  	 	61	  








 EXHIBIT A TO AMENDMENT NO. 2 TO CREDIT AGREEMENT 

 


							
	  3.05	 	Compensation for Losses	  	 	62	  
	  3.06	 	Mitigation Obligations; Replacement of Lenders	  	 	63	  
	  3.07	 	Survival	  	 	63	  
	Article IV. CONDITIONS PRECEDENT TO Credit Extensions	  	 	63	  
	  4.01	 	Conditions of Effectiveness	  	 	63	  
	  4.02	 	Conditions to all Credit Extensions	  	 	65	  
	Article V. REPRESENTATIONS AND WARRANTIES	  	 	65	  
	  5.01	 	No Default	  	 	65	  
	  5.02	 	Organization and Good Standing	  	 	65	  
	  5.03	 	Authorization	  	 	65	  
	  5.04	 	No Conflicts or Consents	  	 	65	  
	  5.05	 	Enforceable Obligations	  	 	66	  
	  5.06	 	Initial Financial Statements; No Material Adverse Effect	  	 	66	  
	  5.07	 	Taxes and Obligations	  	 	66	  
	  5.08	 	Full Disclosure	  	 	67	  
	  5.09	 	Litigation	  	 	67	  
	  5.10	 	ERISA	  	 	67	  
	  5.11	 	Compliance with Laws	  	 	67	  
	  5.12	 	Environmental Laws	  	 	68	  
	  5.13	 	Borrower’s Subsidiaries	  	 	69	  
	  5.14	 	Title to Properties; Licenses	  	 	69	  
	  5.15	 	Government Regulation	  	 	70	  
	  5.16	 	Solvency	  	 	70	  
	  5.17	 	Margin Regulations	  	 	70	  
	  5.18	 	Collateral Documents	  	 	70	  
	  5.19	 	Status as Senior Debt of the Borrower	  	 	71	  
	Article VI. AFFIRMATIVE COVENANTS	  	 	71	  
	  6.01	 	Payment and Performance	  	 	71	  
	  6.02	 	Books, Financial Statements and Reports	  	 	71	  
	  6.03	 	Other Information and Inspections	  	 	74	  
	  6.04	 	Notice of Material Events	  	 	74	  
	  6.05	 	Maintenance of Properties	  	 	75	  
	  6.06	 	Maintenance of Existence and Qualifications	  	 	75	  
	  6.07	 	Payment of Trade Liabilities, Taxes, etc.	  	 	76	  


  
 -ii-









 EXHIBIT A TO AMENDMENT NO. 2 TO CREDIT AGREEMENT 

 


							
	  6.08	 	Insurance	  	 	76	  
	  6.09	 	Compliance with Law	  	 	76	  
	  6.10	 	Environmental Matters	  	 	76	  
	  6.11	 	Guaranties by Restricted Subsidiaries	  	 	77	  
	  6.12	 	[Reserved]	  	 	78	  
	  6.13	 	Further Assurances	  	 	78	  
	  6.14	 	Miscellaneous Business Covenants	  	 	78	  
	  6.15	 	Restricted/Unrestricted Persons	  	 	79	  
	  6.16	 	Pledge of SUG Holdco Stock and Additional Collateral	  	 	79	  
	Article VII. NEGATIVE COVENANTS	  	 	79	  
	  7.01	 	Indebtedness	  	 	80	  
	  7.02	 	Limitation on Liens	  	 	81	  
	  7.03	 	Limitation on Mergers, Issuances of Subsidiary Securities	  	 	83	  
	  7.04	 	Limitation on Sales of Property	  	 	83	  
	  7.05	 	Limitation on Restricted Payment	  	 	85	  
	  7.06	 	Limitation on Investments, Loans and Advances	  	 	85	  
	  7.07	 	Transactions with Shareholders and Affiliates	  	 	86	  
	  7.08	 	Conduct of Business	  	 	86	  
	  7.09	 	Restrictive and Negative Pledge Agreements	  	 	86	  
	  7.10	 	Hedging Contracts	  	 	87	  
	  7.11	 	Commingling of Deposit Accounts and Accounts	  	 	87	  
	  7.12	 	Financial Covenants	  	 	87	  
	  7.13	 	Amendments or Waivers of Certain Agreements; Material Contracts	  	 	88	  
	  7.14	 	Sales and Lease-Back Transactions	  	 	88	  
	  7.15	 	Fiscal Year	  	 	88	  
	  7.16	 	Tax Status	  	 	88	  
	Article VIII. EVENTS OF DEFAULT AND REMEDIES	  	 	88	  
	  8.01	 	Events of Default	  	 	88	  
	  8.02	 	Remedies Upon Event of Default	  	 	92	  
	  8.03	 	Application of Funds	  	 	92	  
	Article IX. ADMINISTRATIVE AGENT	  	 	93	  
	  9.01	 	Appointment and Authority	  	 	93	  
	  9.02	 	Rights as a Lender	  	 	94	  
	  9.03	 	Exculpatory Provisions	  	 	94	  


  
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 EXHIBIT A TO AMENDMENT NO. 2 TO CREDIT AGREEMENT 

 


							
	  9.04	 	Reliance by Administrative Agent	  	 	95	  
	  9.05	 	Delegation of Duties	  	 	95	  
	  9.06	 	Resignation of Administrative Agent	  	 	95	  
	  9.07	 	Non-Reliance on Administrative Agent and Other Lenders	  	 	96	  
	  9.08	 	No Other Duties, Etc.	  	 	96	  
	  9.09	 	Administrative Agent May File Proofs of Claim	  	 	97	  
	  9.10	 	Guaranty and Collateral Matters	  	 	97	  
	  9.11	 	Release With Respect to Senior Note Obligations	  	 	98	  
	Article X. MISCELLANEOUS	  	 	98	  
	  10.01	 	Amendments, Etc.	  	 	98	  
	  10.02	 	Notices; Effectiveness; Electronic Communication	  	 	99	  
	  10.03	 	No Waiver; Cumulative Remedies	  	 	101	  
	  10.04	 	Expenses; Indemnity; Damage Waiver	  	 	101	  
	  10.05	 	Payments Set Aside	  	 	103	  
	  10.06	 	Successors and Assigns	  	 	103	  
	  10.07	 	Treatment of Certain Information; Confidentiality	  	 	107	  
	  10.08	 	Right of Setoff	  	 	107	  
	  10.09	 	Interest Rate Limitation	  	 	108	  
	  10.10	 	Counterparts; Integration; Effectiveness	  	 	108	  
	  10.11	 	Survival of Representations and Warranties	  	 	108	  
	  10.12	 	Severability	  	 	109	  
	  10.13	 	Replacement of Lenders	  	 	109	  
	  10.14	 	Governing Law; Jurisdiction; Etc.	  	 	109	  
	  10.15	 	Waiver of Jury Trial	  	 	110	  
	  10.16	 	USA PATRIOT Act Notice	  	 	111	  
	  10.17	 	Time of the Essence	  	 	111	  
	  10.18	 	No Recourse	  	 	111	  
	  10.19	 	Amendment and Restatement	  	 	111	  
	  10.20	 	Separateness	  	 	111	  
		
	SIGNATURES	  	 	S-1	  


  
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 EXHIBIT A TO AMENDMENT NO. 2 TO CREDIT AGREEMENT 

 


			
	Exhibit A -	  	Form of Assignment and Assumption
	Exhibit B -	  	Form of Compliance Certificate
	Exhibit C -	  	Form of Guaranty
	Exhibit D -	  	Form of Letter of Credit Request
	Exhibit E -	  	Form of Loan Notice
	Exhibit F-1 -	  	Form of Promissory Note
	Exhibit F-2 -	  	Form of Swingline Promissory Note
	Exhibit G -	  	Form of Perfection Certificate
	Exhibit H -	  	Form of Amended and Restated Pledge and Security Agreement
	Exhibit I-1 -	  	Form of Exemption Certificate for Non-U.S. Lenders that are not partnerships for U.S. Federal income tax purposes
	Exhibit I-2 -	  	Form of Exemption Certificate for Non-U.S. Lenders that are partnerships for U.S. Federal income tax purposes
		
	 SCHEDULES
	  	
		
	Schedule 1 -	  	Commitments
	Schedule 2 -	  	Disclosure Schedule
	Schedule 3 -	  	Administrative Agent’s Office


  
 -v-








 AMENDED AND RESTATED CREDIT AGREEMENT 

This AMENDED AND RESTATED CREDIT AGREEMENT (this “Agreement”) is entered into as of March 26, 2012, among ENERGY
TRANSFER EQUITY, L.P., a Delaware limited partnership (the “Borrower”), CREDIT SUISSE AG as Administrative Agent, LC Issuer and Swingline Lender and each lender from time to time party to this Agreement (collectively, the
“Lenders” and individually, a “Lender”). 
 In consideration of the mutual covenants and
agreements contained herein and in consideration of the loans which may hereafter be made by the Lenders to, and the Letters of Credit that may hereafter be issued by the LC Issuer for the account of, the Borrower, and for other good and valuable
consideration, the receipt and sufficiency of which are hereby acknowledged, the parties hereto do hereby agree as follows: 

ARTICLE I. 

DEFINITIONS AND ACCOUNTING TERMS 
 1.01 Defined Terms. As used in this Agreement, the following terms have the meanings set forth below: 
 “ABR”, when used in reference to any Loan or Borrowing, refers to whether such Loan, or the Loans comprising such Borrowing, are bearing interest at a rate determined by reference to the
Alternate Base Rate. 
 “Acquisition” means the acquisition, pursuant to the Merger Agreement, of all of the
Equity Interests of the Company by the Borrower, either directly or through one of its Subsidiaries. 
 “Act”
has the meaning given to such term in Section 10.16. 
 “Adjusted LIBO Rate” means, with respect to
any Eurodollar Loan for any Interest Period, an interest rate per annum equal to the LIBO Rate for such Interest Period multiplied by the Statutory Reserve Rate. 
 “Administrative Agent” means Credit Suisse AG in its capacity as administrative agent for the Lenders hereunder. 
 “Administrative Agent’s Office” means the Administrative Agent’s address and, as appropriate, account as set forth on Schedule 3, or such other address or account as
the Administrative Agent may from time to time notify to the Borrower and the Lenders. As of the Restatement Effective Date, the Administrative Agent’s Office is in New York, New York. 

“Administrative Questionnaire” means an Administrative Questionnaire in a form supplied by the Administrative Agent.

 “Affiliate” means, with respect to a specified Person, another Person that directly, or indirectly through
one or more intermediaries, Controls or is Controlled by or is under common Control with the Person specified. 
 Exhibit A


  
 6 








 EXHIBIT A TO AMENDMENT NO. 2 TO CREDIT AGREEMENT 

 

 “Aggregate Commitments” means the Commitments of all the Lenders. The
initial amount of the Aggregate Commitments is $200,000,000, subject to optional reductions in Commitments pursuant to Section 2.16 and increases in Commitments as provided in Section 2.18. 

“Agreement” means this Credit Agreement, as amended, restated, supplemented or otherwise modified from time to time in
accordance with the terms hereof. 
 “Alternate Base Rate” means, for any day, an interest
rate per annum equal to the greatest of (a) the Prime Rate in effect on that day, (b) the Federal Funds Rate in effect on that day plus
 1/2 of 1%, and (c) the Adjusted LIBO Rate for
a one-month Interest Period on that day (or if that day is not a Business Day, the immediately preceding Business Day) plus 1% per annum; provided that for the avoidance of doubt the Adjusted LIBO Rate for any day shall be based
on the rate determined on that day at approximately 11:00 a.m. (London time) by reference to the British Bankers’ Association Interest Settlement Rates for deposits in dollars (as set forth by any service selected by the Administrative Agent
that has been nominated by the British Bankers’ Association as an authorized vendor for the purpose of displaying such rates). Any change in the Alternate Base Rate due to a change in the Prime Rate, the Federal Funds Rate or the Adjusted
LIBO Rate shall be effective on the effective date of such change in the Prime Rate or the Federal Funds Rate or the Adjusted LIBO Rate, as the case may be. 
 “Amendment Agreement” means Amendment No. 2 to Credit Agreement effective as of the Amendment Effective Date, effecting the amendment and restatement of the Existing Credit Agreement
subject to the terms and conditions set forth therein. 
 “Amendment Effective Date” means the first date on
which the conditions to effectiveness of the Amendment Agreement are satisfied. 
 “Applicable ETP Credit
Agreement” means the ETP Credit Agreement, as amended, modified, suspended, waived, restated, refinanced, extended or renewed after the Restatement Effective Date. 
 “Applicable Leverage Level” means the level set forth below that corresponds to the applicable Leverage Ratio of the Borrower: 

 

			
	 Applicable
 Leverage Level
	  	 Leverage Ratio

	Level I	  	less than or equal to 2.50 to 1.00
	Level II	  	greater than 2.50 to 1.00 but less than or equal to 3.00 to 1.00
	Level III	  	greater than 3.00 to 1.00 but less than or equal to 3.50 to 1.00
	Level IV	  	greater than 3.50 to 1.00

 On the Restatement Effective Date, the Applicable Leverage Level will be Level II. Thereafter, the
Applicable Leverage Level will be determined after each Quarterly Testing Date 

  
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 EXHIBIT A TO AMENDMENT NO. 2 TO CREDIT AGREEMENT 

 

 
using the Consolidated Funded Debt of the Borrower outstanding on such day and using Consolidated EBITDA of the Borrower for the four Fiscal Quarter period ending on such day. On the date on
which financial statements are delivered pursuant to Section 6.02(b), the Administrative Agent will confirm or determine the Leverage Ratio of the Borrower set forth in the Compliance Certificate delivered with such financial
statements and determine the Applicable Leverage Level on or within two Business Days after such date. The Applicable Leverage Level shall become effective on the Business Day following such determination by the Administrative Agent and shall remain
effective until the next such determination by the Administrative Agent. If the Borrower shall fail to deliver the financial statements by the time required pursuant to Section 6.02(b), the Applicable Leverage Level shall be deemed to be
Level IV until such financial statements have been delivered to the Administrative Agent and the Administrative Agent has so confirmed or determined the Leverage Ratio. 
 “Applicable MLP Credit Agreement” means the Applicable ETP Credit Agreement and the Applicable Regency Credit Agreement. 

“Applicable Percentage” means with respect to any Lender, the percentage of the Aggregate Commitments represented by
such Lender’s Commitment; provided that for purposes of Section 2.17(b) and (c), “Applicable Percentage” shall mean the percentage of the total Aggregate Commitments (disregarding the Commitment of any
Defaulting Lender to the extent its Applicable Percentage of the outstanding Swingline Loans or LC Obligations is reallocated to the non-Defaulting Lenders) represented by such Lender’s Commitment. If the Commitments have terminated or expired,
the Applicable Percentages shall be determined based upon the Commitments most recently in effect, giving effect to any assignments. 
 “Applicable Rate” means, on any day, with respect to any Eurodollar Loan, ABR Loan or Commitment Fee hereunder, the percentage per annum set forth below under the caption “Eurodollar
Loans Applicable Rate,” “ABR Loans Applicable Rate” and “Commitment Fee,” respectively, based on the Applicable Leverage Level in effect on such day. 

 

							
	 Applicable
 Leverage
 Level
	  	 Eurodollar Loans

Applicable Rate
	  	 ABR Loans

Applicable Rate
	  	 Commitment Fee

	 Level I
	  	2.75%	  	1.75%	  	0.50%
	 Level II
	  	3.00%	  	2.00%	  	0.50%
	 Level III
	  	3.50%	  	2.50%	  	0.75%
	 Level IV
	  	3.75%	  	2.75%	  	0.75%

 Each change in the Applicable Rate shall apply during the period commencing on the effective date of such
change and ending on the date immediately preceding the effective date of the next such change. 
 “Applicable Regency
Credit Agreement” means the Regency Credit Agreement, as amended, modified, supplemented, waived, restated, refinanced, extended or renewed after the Restatement Effective Date. 

  
 8 








 EXHIBIT A TO AMENDMENT NO. 2 TO CREDIT AGREEMENT 

 

 “Approved Fund” means any Fund that is administered or managed by
(a) a Lender, (b) an Affiliate of a Lender or (c) an entity or an Affiliate of an entity that administers or manages a Lender. 
 “Arranger” means Credit Suisse Securities (USA) LLC. 

“Asset Sale” means in respect of any Person, a sale, lease or sublease (as lessor or sublessor), sale and leaseback,
assignment, conveyance, transfer or other disposition to, or any exchange of property with, any other Person, in one transaction or a series of transactions, of all or any part of such Person’s businesses, assets or properties of any kind,
whether real, personal, or mixed and whether tangible or intangible, whether now owned or hereafter acquired, including, without limitation, the Equity Interests of an MLP, the Company or any of the Borrower’s Subsidiaries which has a gross
sales price of more than $50,000,000 in the aggregate. For the avoidance of doubt, (i) each of the Citrus Drop Down and any conveyance, transfer or other disposition by the Borrower or any of its Subsidiaries (other than intercompany transfers
among any of the Borrower or any of its Subsidiaries) related to the SUGS Drop Down/Transfer is an Asset Sale and (ii) no Other Drop Down/Transfer will be considered an Asset Sale. 

“Assignment and Assumption” means an assignment and assumption entered into by a Lender and an Eligible Assignee (with
the consent of any party whose consent is required by Section 10.06(b)), and accepted by the Administrative Agent, in substantially the form of Exhibit A or any other form approved by the Administrative Agent. 

“Attributable Debt” means, with respect to any Sale and Lease—Back Transaction not involving a Capital Lease
Obligation, as of any date of determination, the total obligation (discounted to present value at the rate of interest implicit in the lease included in such transaction) of the lessee for rental payments (other than accounts required to be paid on
account of property taxes, maintenance, repairs, insurance, assessments, utilities, operating and labor costs and other items which do not constitute payments for property rights) during the remaining portion of the term (including extensions which
are at the sole option of the lessor) of the lease included in such transaction (in the case of any lease which is terminable by the lessee upon the payment of a penalty, such rental obligation shall also include the amount of such penalty, but no
rent shall be considered as required to be paid under such lease subsequent to the first date upon which it may be so terminated). 
 “Auto-Extension Letter of Credit” has the meaning given to such term in Section 2.07(b). 
 “Board” means the Board of Governors of the Federal Reserve System of the United States of America. 
 “Borrower” has the meaning given such term in the introductory paragraph hereto. 
 “Borrowing” means Loans of the same Type, made, Converted or Continued on the same date and, in the case of Eurodollar Loans, as to which a single Interest Period is in effect.

 “Business Day” means any day other than (i) a Saturday, Sunday or other day on which commercial banks
are authorized to close under the Laws of, or are in fact closed in, the state where the Administrative Agent’s Office is located and (ii) if such day relates to any Eurodollar Loan, a day on which banks are not open for dealings in Dollar
deposits in the London interbank eurodollar market. 

  
 9 








 EXHIBIT A TO AMENDMENT NO. 2 TO CREDIT AGREEMENT 

 

 “Capital Lease” means a lease with respect to which the lessee is
required concurrently to recognize the acquisition of an asset and the incurrence of a liability in accordance with GAAP. 

“Capital Lease Obligation” means, with respect to any Person and a Capital Lease, the amount of the obligation of such
Person as the lessee under such Capital Lease that would, in accordance with GAAP, appear as a liability on a balance sheet of such Person. 
 “Cash” means money, currency or a credit balance in any deposit account. 
 “Cash Collateralize” means to pledge and deposit with or deliver to the Administrative Agent, for the benefit of the LC Issuer and the Lenders, as Collateral for the LC Obligations, Cash
pursuant to documentation in form and substance reasonably satisfactory to the Administrative Agent and the LC Issuer. Derivatives of such term have corresponding meanings. 
 “Cash Equivalents” means Investments in: 
 (a) marketable
obligations, maturing within 12 months after acquisition thereof, issued or unconditionally guaranteed by the United States or an instrumentality or agency thereof and entitled to the full faith and credit of the United States; 

(b) demand deposits and time deposits (including certificates of deposit) maturing within 12 months from the date of deposit thereof,
(i) with any office of any Lender or (ii) with a domestic office of any national or state bank or trust company which is organized under the Laws of the United States or any state therein, which has capital, surplus and undivided profits
of at least $500,000,000, and whose long-term certificates of deposit are rated BBB+ or Baa1 or better, respectively, by any of the Rating Agencies; 
 (c) repurchase obligations with a term of not more than seven days for underlying securities of the types described in subsection (a) above entered into with (i) any Lender or (ii) any
other commercial bank meeting the specifications of subsection (b) above; 
 (d) open market commercial paper, maturing
within 270 days after acquisition thereof, which are rated at least P-1 by Moody’s or A-1 by S&P; and 
 (e) money
market or other mutual funds substantially all of whose assets comprise securities of the types described in subsections (a) through (d) above. 
 “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 or application thereof by any Governmental Authority, or (c) the making or issuance of any request, guideline or directive (whether or not
having the force of law) by any Governmental Authority. Notwithstanding anything herein to the contrary, (i) the Dodd-Frank Wall Street Reform and Consumer Protection Act and all requests, rules, guidelines, requirements or directives


  
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 EXHIBIT A TO AMENDMENT NO. 2 TO CREDIT AGREEMENT 

 

 
thereunder or issued in connection therewith (whether or not having the force of law) or in implementation thereof, and (ii) all requests, rules, regulations, guidelines, interpretations,
requirements, interpretations and 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 (whether or
not having the force of law), 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, issued or implemented. 

“Change of Control” means the existence of any of the following: (a) any person or group (as such terms are used in
Sections 13(d) and 14(d) of the Exchange Act), other than an Exempt Person, shall be the direct or indirect legal or beneficial owner (as defined in Rule 13d-3 under the Exchange Act) of more than 50% of the combined voting power of the then total
Equity Interests of the General Partner or (b) the General Partner shall not be the sole legal and beneficial owner of all of the general partner interests of the Borrower. As used herein “Exempt Person” means (i) any of Ray C.
Davis, Kelcy L. Warren, the heirs at law of such individuals, entities or trusts owned by or established for the benefit of such individuals or their respective heirs at law (such as entities or trusts established for estate planning purposes) or
(ii) entities owned solely by existing and former management employees of the General Partner. 
 “Citrus Drop
Down” means, if the Citrus Transfer has not occurred on or prior to the funding of the Senior Term Loans on the Merger Date, the sale or transfer (by merger or otherwise) of the Company’s direct or indirect interest in Citrus Corp. to
the Borrower (or any of its Subsidiaries or a newly formed affiliated entity) and the subsequent sale or transfer (by merger or otherwise) of such interest to ETP or its subsidiaries, and all transactions related thereto. 

“Citrus Transfer” means the sale or transfer (by merger or otherwise) of the Company’s direct or indirect interest
in Citrus Corp. to ETP or its subsidiaries. 
 “Closing Date” means September 20, 2010. 

“Code” means the Internal Revenue Code of 1986, as amended, together with all rules and regulations promulgated with
respect thereto. 
 “Collateral” means, collectively, all of the real, personal and mixed property (including
Equity Interests) in which Liens are purported to be granted to the Collateral Agent, for the benefit of the Secured Parties, pursuant to the Collateral Documents in order to secure the Obligations. 

“Collateral Agency Agreement” means that certain Collateral Agency Agreement among the Collateral Agent, the
Administrative Agent, the Term Loan Administrative Agent and the Indenture Trustee, as the same may be amended, modified, restated or replaced from time to time. 
 “Collateral Agent” means U.S. Bank National Association in its capacity as collateral agent pursuant to the Collateral Agency Agreement. 

  
 11 









 EXHIBIT A TO AMENDMENT NO. 2 TO CREDIT AGREEMENT 

 

 “Collateral Documents” means, collectively, the Pledge Agreement, the
Collateral Agency Agreement and all other instruments, documents and agreements delivered by any Restricted Person pursuant to this Agreement or any other Loan Document that creates or purports to create a Lien in favor of the Collateral Agent for
the benefit of the Secured Parties. 
 “Commission” means the United States Securities and Exchange Commission.

 “Commitment” means, as to each Lender, (a) its Commitment to make Loans to the Borrower in an aggregate
principal amount set forth as its Commitment on Schedule 1 or in an Assignment and Assumption pursuant to which such Lender becomes a party hereto, or in a commitment increase document pursuant to Section 2.18 pursuant to which
such Lender becomes a party hereto, in each case as applicable, as increased or decreased in an Assignment and Assumption, decreased from time to time pursuant to Section 2.16, or increased in a commitment increase document pursuant to
Section 2.18, in each case as applicable, and (b) such Lender’s corresponding Commitment to purchase participations in LC Obligations and Swingline Loans. 

“Commitment Period” means the period from and including the Closing Date to the earliest of (a) the Maturity Date,
(b) the date of termination of the Aggregate Commitments pursuant to Section 2.16, and (c) the date of termination of the Commitment of each Lender to make Loans and of the obligation of the LC Issuer to make LC Credit
Extensions pursuant to Section 8.02. 
 “Company” means Southern Union Company, a Delaware
corporation. 
 “Compliance Certificate” means a certificate substantially in the form of Exhibit B.

 “Consolidated” refers to the consolidation of any Person, in accordance with GAAP, with its properly
consolidated subsidiaries. References herein to a Person’s Consolidated financial statements, financial condition, results of operations, cash flows, assets, liabilities, etc. refer to the consolidated financial statements, financial condition,
results of operations, cash flows, assets, liabilities, etc. of such Person and its properly consolidated subsidiaries. 

“Consolidated EBITDA of SUG” means, for any period, “Consolidated EBITDA” as defined in the SUG Credit
Agreement. 
 “Consolidated EBITDA of the Borrower” means, for any period of four Fiscal Quarters, the sum of
(without duplication): 
 (a) four times the amount of cash distributions payable with respect to the last Fiscal Quarter in
such period by an MLP or any Drop Down Entity to the Borrower or its Restricted Subsidiaries in respect of limited partnership units in such MLP or Equity Interests in a Drop Down Entity to the extent actually received on or prior to the date the
financial statements with respect to such Fiscal Quarter referred in Section 6.02 are required to be delivered by the Borrower; provided that if the Borrower has acquired or disposed of any limited partnership units in such MLP or
the Borrower or any of its subsidiaries has made a Specified Acquisition or Specified Disposition at any time after the first day of such Fiscal Quarter, the determinations in this clause (a) shall be made giving pro forma effect to such
acquisition or disposition as if such acquisition or disposition had occurred on the first day of the Fiscal Quarter; plus 

  
 12 









 EXHIBIT A TO AMENDMENT NO. 2 TO CREDIT AGREEMENT 

 

 (b) four times the amount of cash distributions payable with respect to the last Fiscal
Quarter in such period by an MLP to the Borrower or its Restricted Subsidiaries in respect of the general partnership interests or incentive distribution rights to the extent actually received on or prior to the date the financial statements with
respect to such Fiscal Quarter referred in Section 6.02 are required to be delivered by the Borrower; provided that if the Borrower has acquired or disposed of any general partnership interests or incentive distribution rights in
an MLP at any time after the first day of such Fiscal Quarter, the determinations in this clause (b) shall be made giving pro forma effect to such acquisition or disposition as if such acquisition or disposition had occurred on the first day of
the Fiscal Quarter; plus 
 (c) four times the amount of SUG Pro Forma Cash Distributions calculated with respect to the last
Fiscal Quarter in such period; plus 
 (d) Consolidated Net Income of the Borrower and its Restricted Subsidiaries for such four
Fiscal Quarter period, plus, but without duplication, (i) each of the following to the extent deducted in determining such Consolidated Net Income (A) all Consolidated Interest Expense, (B) all income taxes (including any franchise
taxes to the extent based upon net income), (C) all depreciation and amortization (including amortization of intangible assets), (D) Prepayment Hedge Termination Expenses to the extent not included in Consolidated Interest Expense, and
(E) any other non-cash charges or losses (including any non-cash losses resulting from the impairment of long-lived assets, goodwill or intangible assets), minus (ii) each of the following (A) all non-cash items of income or gain
which were included in determining such Consolidated Net Income, and (B) any cash payments made during such period in respect of items described in clause (i)(E) of this clause (d) subsequent to the Fiscal Quarter in which the relevant
non-cash charges or losses were reflected as a charge in the statement of Consolidated Net Income; provided that the determinations in this clause (d) shall be made excluding each MLP and its subsidiaries, the Company and its
subsidiaries or any Drop Down Entity and its subsidiaries and provided further, that if the Borrower or its Restricted Subsidiaries has made a Specified Acquisition or Specified Disposition at any time after the first day of such
Fiscal Quarter, the determinations in this clause (d) shall be made giving pro forma effect to such acquisition or disposition as if such acquisition or disposition had occurred on the first day of the Fiscal Quarter. For the avoidance of
doubt, the determinations in this clause (d) shall not include Consolidated Net Income attributable to distributions by an MLP, the Company or any Drop Down Entity. 
 “Consolidated Fixed Charges” means, for any period, without duplication, the sum of (i) the preferred distributions paid in cash during such period on the Restructuring Preferred
Units and (ii) Consolidated Interest Expense (other than Prepayment Hedge Termination Expenses to the extent included in Consolidated Interest Expense) for such period. 
 “Consolidated Funded Debt of the Borrower” means, as at any date of determination, the sum of the following (without duplication): (i) all Indebtedness on a Consolidated balance
sheet of the Borrower and its Restricted Subsidiaries prepared as of such date in accordance with GAAP, (ii) Indebtedness for borrowed money of the Borrower and its Restricted Subsidiaries


  
 13 









 EXHIBIT A TO AMENDMENT NO. 2 TO CREDIT AGREEMENT 

 

 
outstanding under a revolving credit or similar agreement, notwithstanding the fact that any such borrowing is made within one year of the expiration of such agreement, (iii) obligations of
the Borrower and its Restricted Subsidiaries in respect of Capital Leases, (iv) all Indebtedness in respect of any Guarantee by a Restricted Person of Indebtedness of any Person other than a Restricted Person, other than any Drop Down/Transfer
Guarantees; provided that the determinations in this definition shall be made excluding each MLP, the Company, the Drop Down Entities and their respective subsidiaries, and (v) the maximum amount required to be paid to the holders
thereof in cash upon the exercise of any redemption (other than an optional redemption elected by the Borrower) or put right in respect of the Restructuring Preferred Units. For the avoidance of doubt, in no event shall any Drop Down Equity or Drop
Down/Transfer Debt constitute “Consolidated Funded Debt of the Borrower”. 
 “Consolidated Interest
Expense” means, for any period, all interest reflected on the income statement of the Borrower during such period on, and all fees and related charges in respect of, Indebtedness which was deducted in determining Consolidated Net Income of
the Borrower during such period; provided that the determinations in this definition shall be made excluding each MLP, the Company, the Drop Down Entities and their respective subsidiaries. For the avoidance of doubt, in no event shall any
Drop Down Equity or Drop Down/Transfer Debt constitute “Indebtedness” for purposes of this definition. 

“Consolidated Net Income” means, for any Person and any period, such Person’s and its subsidiaries’ gross
revenues for such period, minus such Person’s and its subsidiaries’ expenses and other proper charges against income (including taxes on income to the extent imposed), determined on a Consolidated basis after eliminating earnings or losses
attributable to outstanding minority interests and excluding the net earnings or losses of any Person, other than a subsidiary of such Person, in which such Person or any of its subsidiaries has an ownership interest. Consolidated Net Income shall
not include (a) any gain or loss from the sale of assets other than in the ordinary course of business, (b) any extraordinary gains or losses, or (c) any non-cash gains or losses resulting from mark to market activity as a result of
SFAS 133. Consolidated Net Income of a Person for any period shall include any cash dividends and distributions actually received during such period from any Person, other than a subsidiary, in which such Person or any of its subsidiaries has
an ownership interest. 
 “Continue,” “Continuation,” and “Continued” refer
to the continuation pursuant to Section 2.04 of a Eurodollar Loan as a Eurodollar Loan from one Interest Period to the next Interest Period. 
 “Control” means the possession, directly or indirectly, of the power to direct or cause the direction of the management or policies of a Person, whether through the ability to exercise
voting power, by contract or otherwise. “Controlling” and “Controlled” have meanings correlative thereto. 

“Convert,” “Conversion,” and “Converted” refers to a conversion pursuant to
Section 2.04 or Article III of one Type of Loan into another Type of Loan. 
 “Credit
Extension” means each of the following: (a) a Borrowing and (b) an LC Credit Extension. 

  
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 EXHIBIT A TO AMENDMENT NO. 2 TO CREDIT AGREEMENT 

 

 “Cumulative Amount” means, on any date of determination (the
“Reference Date”), 
  

	 	(a)	the aggregate amount received by the Borrower or any Restricted Person from cash dividends and distributions received from the Company or any Person owned by the
Company and the net cash proceeds received in connection with the disposition of assets of or the Borrower’s direct or indirect Equity Interests in the Company or any Person owned by the Company, in each case, during the period from the
Restatement Effective Date through and including the Reference Date minus 

  

	 	(b)	the aggregate amount of Investments then outstanding made using the Cumulative Amount pursuant to clause (g) of the definition of “Permitted Investment”.


 “Debtor Relief Laws” means the Bankruptcy Code of the United States, 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 or other applicable jurisdictions from time to
time in effect and affecting the rights of creditors generally. 
 “Default” means any event or condition that
constitutes an Event of Default or that, with the giving of any notice, the passage of time, or both, would be an Event of Default. 
 “Default Rate” means, at the time in question, (a) for any Eurodollar Loan (up to the end of the applicable Interest Period), 2.00% per annum plus the Applicable Rate for
Eurodollar Loans plus the Adjusted LIBO Rate then in effect, (b) for each ABR Loan, each Swingline Loan and each LC Obligation, 2.00% per annum plus the Applicable Rate for ABR Loans plus the Alternate Base Rate, and (c) for each
Letter of Credit, 2.00% per annum plus the Applicable Rate for Eurodollar Loans; provided, however, the Default Rate shall never exceed the Maximum Rate. 
 “Defaulting Lender” means any Lender, as reasonably determined by the Administrative Agent in consultation with the Borrower, that has (a) failed to fund any portion of its Loans or
participations in Swingline Loans or Letters of Credit within three Business Days of the date required to be funded by it hereunder (unless (i) that Lender and at least one other unaffiliated Lender have notified the Administrative Agent and
the Borrower in writing of their good faith determination that a condition to their obligation to fund their Loans or participations in Swingline Loans or Letters of Credit has not been satisfied and (ii) Lenders representing a majority in
interest of the Commitments have not advised the Administrative Agent in writing of their determination that such condition has been satisfied), (b) notified the Borrower, the Administrative Agent, any LC Issuer or any Lender in writing that it
does not intend to comply with any of its funding obligations under this Agreement or has made a public statement to the effect that it does not intend to comply with its funding obligations under this Agreement or under other agreements generally
in which it commits to extend credit, (c) failed, within three Business Days after request by the Administrative Agent, to confirm that it will comply with the terms of this Agreement relating to its obligations to fund prospective Loans and
participations in then outstanding Swingline Loans or Letters of Credit (unless (i) that Lender and at least one other unaffiliated Lender have notified the Administrative Agent and the Borrower in writing of their good faith determination that
a condition to their obligation to fund their Loans or 

  
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 EXHIBIT A TO AMENDMENT NO. 2 TO CREDIT AGREEMENT 

 

 
participations in Swingline Loans or Letters of Credit has not been satisfied and (ii) Lenders representing a majority in interest of the Commitments have not advised the Administrative
Agent in writing of their determination that such condition has been satisfied), (d) otherwise failed to pay over to the Administrative Agent or any other Lender any other amount required to be paid by it hereunder within three Business Days of
the date when due, unless the subject of a good-faith dispute, or (e) become the subject of a bankruptcy or insolvency proceeding, or has had a receiver, conservator, trustee or custodian appointed for it, including the Federal Deposit
Insurance Corporation or any other state or federal regulatory authority acting in such capacity, or has consented to, approved of or acquiesced in any such proceeding or appointment or has a parent company that has become the subject of a
bankruptcy or insolvency proceeding, or has had a receiver, conservator, trustee or custodian appointed for it, or has consented to, approved of or acquiesced in any such proceeding or appointment; provided that (i) if a Lender would be
a “Defaulting Lender” solely by reason of events relating to a parent company of that Lender as described in clause (e) above, the Administrative Agent may, in its discretion, determine that such Lender is not a “Defaulting
Lender” if and for so long as the Administrative Agent is satisfied that such Lender will continue to perform its funding obligations hereunder, (ii) the Administrative Agent and the Borrower, collectively, may, by notice to the Lenders,
declare that a Defaulting Lender is no longer a “Defaulting Lender” if the Administrative Agent and the Borrower, collectively, determine, in their discretion, that the circumstances that resulted in that Lender becoming a “Defaulting
Lender” no longer apply, and (iii) no Lender shall be considered a Defaulting Lender under clause (e) above solely because of the acquisition or maintenance of an interest in such Lender or its parent company or the exercise of
control over such Lender or its parent company by a Governmental Authority. 
 “Disclosure Schedule” means
Schedule 2 hereto. 
 “Dollar” and “$” mean lawful money of the United States.

 “Drop Down” means any of the Citrus Drop Down, the SUGS Drop Down/Transfer or any Other Drop Down/Transfer.

 “Drop Down Entity” means each of Citrus Corp., Southern Union Gas Services, Ltd. and any Other Business or
any other Person owning assets that are the subject of a Drop Down, for so long as any such Person is a direct or indirect Subsidiary of the Borrower but not a direct or indirect subsidiary of an MLP or the Company (or any of their subsidiaries).

 “Drop Down Equity” means any series of Equity Interests of the Borrower issued to the Company and/or one or
more of its subsidiaries as consideration for any Drop Down, provided that the terms of such Equity Interests do not (i) require the Borrower to redeem any of such Equity Interests prior to the date which is one year after the Maturity Date,
(ii) require the payment of a cash dividend greater than 10% per annum and (iii) contain any covenants or provisions which would be more onerous than those contained in this Agreement. 

“Drop Down/Transfer Debt” means any Indebtedness of the Borrower or any of its Subsidiaries issued to the Company,
either MLP and/or their respective subsidiaries or a Drop Down/Transfer Joint Venture in connection with any Drop Down or Transfer; provided that (i) such Drop Down/Transfer Debt is contractually subordinated in right of payment under
usual 

  
 16 









 EXHIBIT A TO AMENDMENT NO. 2 TO CREDIT AGREEMENT 

 

 
and customary terms of subordination which include payment blockage rights in favor of any senior Indebtedness associated with payment defaults under such senior Indebtedness and 180-day blockage
rights in favor of senior Indebtedness associated with non-payment defaults, (ii) such Drop Down/Transfer Debt has no amortization , (iii) the tenor of such Drop Down/Transfer Debt is at least one year later than the latest Maturity Date
then applicable to the Loans, (iv) such Drop Down/Transfer Debt contains no agreements, covenants or events of default which would be more onerous than those contained in this Agreement and (v) such Drop Down/Transfer Debt is not secured.

 “Drop Down/Transfer Guarantees” means, (a) in respect of any Transfer, any Guarantee by the transferor
or any of its subsidiaries in such Transfer of Indebtedness of the transferee (or its parent or subsidiaries) issued or incurred to finance such Transfer, and (b) in respect of any Drop Down, any Guarantee by the Borrower or any of its
subsidiaries in such Drop Down of Indebtedness of the transferee (or its parent or subsidiaries) issued or incurred to finance such Drop Down; provided that, in each case, (i) the Person issuing such Guarantee is expressly secondarily
and not primarily liable in respect of such Guarantee and (ii) such Guarantee is enforceable only after all remedies against the primary obligor for such Indebtedness have been exhausted. 

“Drop Down/Transfer Joint Venture” means (a) a joint venture, which may be structured as a partnership, limited
liability company or other form of Person, among any of the Borrower, the Company, either MLP and/or their respective subsidiaries or (b) any subsidiary of such joint venture. 

“Eligible Assignee” means (a) a Lender; (b) an Affiliate of a Lender; (c) an Approved Fund; and
(d) any other Person (other than a natural person) approved by (i) the Administrative Agent and the LC Issuer, and (ii) unless an Event of Default has occurred and is continuing, the Borrower (each such approval not to be unreasonably
withheld or delayed); provided that notwithstanding the foregoing, “Eligible Assignee” shall not include the Borrower or any of the Borrower’s Affiliates or Subsidiaries. 

“Environmental Laws” means any and all Laws relating to the environment, to the protection of wildlife, or to emissions,
discharges, releases or threatened releases of pollutants, contaminants, chemicals, or industrial, toxic or hazardous substances or wastes into the environment including ambient air, surface water, ground water, or land, or otherwise relating to the
manufacture, processing, distribution use, treatment, storage, disposal, transport, or handling of, or exposure to, pollutants, contaminants, chemicals, or industrial, toxic or hazardous substances or wastes. 

“Equity Interests” means, with respect to any Person, all of the shares of capital stock of (or other ownership or
profit interests in) such Person, all of the warrants, options or other rights for the purchase or acquisition from such Person of shares of capital stock of (or other ownership or profit interests in) such Person, all of the securities convertible
into or exchangeable for shares of capital stock of (or other ownership or profit interests in) such Person or warrants, rights or options for the purchase or acquisition from such Person of such shares (or such other interests), and all of the
other ownership or profit interests in such Person (including partnership, member or trust interests therein), whether voting or non-voting, and whether or not such shares, warrants, options, rights or other interests are outstanding on any date of
determination. 

  
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 EXHIBIT A TO AMENDMENT NO. 2 TO CREDIT AGREEMENT 

 

 “ERISA” means the Employee Retirement Income Security Act of 1974,
together with all rules and regulations promulgated with respect thereto. 
 “ERISA Affiliate” means each
Restricted Person and all members of a controlled group of corporations and all trades or businesses (whether or not incorporated) under common control that, together with such Restricted Person, are treated as a single employer under
Section 414 of the Code. 
 “ERISA Plan” means any employee pension benefit plan subject to Title IV of
ERISA in respect of which any ERISA Affiliate is (or, if such plan were terminated, would under Section 4069 of ERISA be determined to be) an “employer” as defined in Section 3(5) of ERISA. 

“ETP” means Energy Transfer Partners, L.P., a Delaware limited partnership, or the corporate, partnership or limited
liability successor thereto. 
 “ETP Credit Agreement” means the Second Amended and Restated Credit Agreement
dated as of October 27, 2011, by and among ETP, Wells Fargo Bank, National Association, as administrative agent and the other agents and the lenders from time to time party thereto, as amended, modified, waived, restated, replaced, refinanced
or otherwise supplemented on or prior to the date hereof. 
 “ETP GP” means Energy Transfer Partners GP, L.P.,
a Delaware limited partnership, or the corporate, partnership or limited liability successor thereto, in either case which is the sole general partner of ETP. 
 “ETP LLC” means Energy Transfer Partners, L.L.C., a Delaware limited liability company, or the corporate, partnership or limited liability successor thereto, in either case which is the
general partner of ETP GP. 
 “ETP Material Adverse Effect” means a material adverse effect on (i) the
financial condition, operations or properties of ETP and its subsidiaries, taken as a whole, or (ii) the ability of ETP to perform its obligations under the Applicable ETP Credit Agreement or the ability of its subsidiaries, taken as a whole,
to perform their respective obligations under the guarantee of the Applicable ETP Credit Agreement, or (iii) the validity or enforceability of the Applicable ETP Credit Agreement and related documents. 

“ETP Reporting” means all information or reports that relate to ETP and its subsidiaries (including their respective
financial condition, operations, properties, prospects, business, liabilities, or compliance): (i) required to be provided pursuant to Section 6.02 or 6.04; (ii) provided to the management of the Borrower; or
(iii) that has become publicly available. 
 “Eurodollar Loan” means a Loan or portion of a Loan that
bears interest at a rate based on the Adjusted LIBO Rate. 
 “Event of Default” has the meaning given to such
term in Section 8.01. 

  
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 EXHIBIT A TO AMENDMENT NO. 2 TO CREDIT AGREEMENT 

 

 “Exchange Act” means the Securities Exchange Act of 1934, as amended.

 “Excluded Taxes” means, with respect to the Administrative Agent, any Lender, the LC Issuer or any other
recipient of any payment to be made by or on account of any obligation of the Borrower hereunder, (a) taxes imposed on or measured by its overall net income (however denominated), and franchise taxes imposed on it (in lieu of net income taxes)
by the United States of America (or any political subdivision thereof), or by the jurisdiction (or any political subdivision thereof) under the laws of which such recipient is organized or in which its principal office is located or, in the case of
any Lender, in which its applicable Lending Office is located, (b) any branch profits taxes imposed by the United States or any similar tax imposed by any other jurisdiction in which the Borrower is located, (c) any United States federal
backup withholding tax required to be withheld from amounts payable to a Lender as a result of such Lender’s failure to comply with Section 3.01(e), (d) in the case of a Foreign Lender (other than an assignee pursuant to a
request by the Borrower under Section 10.13), any United States withholding tax that is imposed on amounts payable to such Foreign Lender at the time such Foreign Lender becomes a party hereto (or designates a new Lending Office) or is
attributable to such Foreign Lender’s failure or inability (other than as a result of a Change in Law) to comply with Section 3.01(e), except to the extent that such Foreign Lender (or its assignor, if any) was entitled, at the time
of designation of a new Lending Office (or assignment), to receive additional amounts from the Borrower with respect to such withholding tax pursuant to Section 3.01, and (e) any U.S. federal withholding Taxes imposed under FATCA.

 “Existing Credit Agreement” shall mean the Credit Agreement dated as of September 20, 2010 by and among
the Borrower, the institutions from time to time party thereto as lenders and the Administrative Agent, as amended by Amendment No. 1 to Credit Agreement dated as of November 11, 2010, and as further amended, modified or supplemented prior
to the date hereof. 
 “Facility Usage” means, at the time in question, the aggregate amount of outstanding
Loans, LC Obligations and Swingline Loans at such time. 
 “FATCA” means Sections 1471 through 1474 of the
Code, as of the date of this Agreement (or any amended or successor version that is substantively comparable and not materially more onerous to comply with) and any current or future regulations or official interpretations thereof. 

“Federal Funds Rate” means, for any day, the rate per annum 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 of New York 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 (rounded upward, if necessary, to a whole multiple of 1/100 of 1%) charged to the Administrative Agent on such day on such transactions as determined by the
Administrative Agent. 

  
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 EXHIBIT A TO AMENDMENT NO. 2 TO CREDIT AGREEMENT 

 

 “Fee Letter” means the letter agreement dated as of August 2,
2010, among the Borrower, the Administrative Agent and Credit Suisse Securities (USA) LLC. 
 “Fiscal Quarter”
means a three-month period ending on the last day of March, June, September and December or such other four consecutive three-month periods in a Fiscal Year as may be adopted by the General Partner. 

“Fiscal Year” means a twelve-month period ending on December 31 or such other day as may be adopted by the General
Partner. 
 “Foreign Lender” means any Lender that is not a “United States person” within the meaning
of Section 7701(a)(30) of the Code. 
 “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. 
 “GAAP” means those generally accepted accounting principles and practices which are recognized as such by the Financial Accounting Standards Board (or any generally recognized successor)
and which, in the case of the Borrower and its Consolidated subsidiaries, are applied for all periods after the date hereof in a manner consistent with the manner in which such principles and practices were applied to the Initial Financial
Statements. If any change in any accounting principle or practice is required by the Financial Accounting Standards Board (or any such successor) in order for such principle or practice to continue as a generally accepted accounting principle or
practice, all reports and financial statements required hereunder with respect to the Borrower or with respect to the Borrower and its Consolidated subsidiaries may be prepared in accordance with such change, but all calculations and determinations
to be made hereunder may be made in accordance with such change only after notice of such change is given to each Lender, and the Borrower and Majority Lenders agree to such change insofar as it affects the accounting of the Borrower or of the
Borrower and its Consolidated subsidiaries. 
 “General Partner” means LE GP, LLC, a Delaware limited
partnership, or the corporate, partnership or limited liability successor thereto. 
 “Governmental Authority”
means the government of the United States or any other nation, or of any political subdivision thereof, whether state or local, and any agency, authority, instrumentality, regulatory body, court, central bank or other entity exercising executive,
legislative, judicial, taxing, regulatory or administrative powers or functions of or pertaining to government (including any supra-national bodies such as the European Union or the European Central Bank). 

“Guarantee” means, as to any Person, (a) any obligation, contingent or otherwise, of such Person guaranteeing or
having the economic effect of guaranteeing 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 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 

  
 20 









 EXHIBIT A TO AMENDMENT NO. 2 TO CREDIT AGREEMENT 

 

 
payment or performance of such Indebtedness or other obligation, (iii) to maintain working capital, equity capital or any other financial statement condition or liquidity or level of income
or cash flow 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 obligee in respect of such Indebtedness or other
obligation of the payment or performance thereof or to protect such obligee 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 (or any right, contingent or otherwise, of any holder of such Indebtedness to obtain any such Lien). The term “Guarantee” shall exclude endorsements in the
ordinary course of business of negotiable instruments in the course of collection. The amount of any Guarantee shall be deemed to be an amount equal to the lesser of (i) the stated or determinable amount of the related primary obligation, or
portion thereof, in respect of which such Guarantee is made, or (ii) if not stated or determinable or if such Guarantee by its terms is limited to less than the full amount of such primary obligation, the maximum reasonably anticipated
liability in respect thereof as determined by the guaranteeing Person in good faith or the amount to which such Guarantee is limited. The term “Guarantee” as a verb has a corresponding meaning. 

“Guarantors” means any Restricted Subsidiary of the Borrower that now or hereafter executes and delivers a Guaranty to
the Administrative Agent pursuant to Section 6.11. 
 “Guaranty” means, collectively, one or more
Guarantees of the Obligations made by the Guarantors in favor of the Administrative Agent and the Lenders, substantially in the form of Exhibit C, including any supplements to an existing Guaranty in substantially the form that is a part of
Exhibit C. 
 “Hazardous Materials” means any substances regulated under any Environmental Law, whether
as pollutants, contaminants, or chemicals, or as industrial, toxic or hazardous substances or wastes, or otherwise. 

“Hedging Contract” means (a) any agreement providing for options, swaps, floors, caps, collars, forward sales or
forward purchases involving interest rates, commodities or commodity prices, equities, currencies, bonds, or indexes based on any of the foregoing, (b) any option, futures or forward contract traded on an exchange, and (c) any other
derivative agreement or other similar agreement or arrangement. 
 “Hedging Termination Value” means, in
respect of any one or more Hedging Contracts, after taking into account the effect of any legally enforceable netting agreement relating to such Hedging Contracts, (a) for any date on or after the date such Hedging Contracts have been closed
out and termination value(s) determined in accordance therewith, such termination value(s), and (b) for any date prior to the date referenced in clause (a), the amount(s) determined as the mark-to-market value(s) for such Hedging Contracts, as
determined based upon one or more mid-market or other readily available quotations provided by any recognized dealer in such Hedging Contracts (which may include a Lender or any Affiliate of a Lender). 

“Increase Effective Date” has the meaning given to such term in Section 2.18(a)(v). 

  
 21 









 EXHIBIT A TO AMENDMENT NO. 2 TO CREDIT AGREEMENT 

 

 “Indebtedness” means, with respect to any Person, without duplication:

 (a) indebtedness for borrowed money, all obligations upon which interest charges are customarily paid and all obligations
evidenced by any bond, note, debenture or other similar instrument that such Person has directly or indirectly created, incurred or assumed; 
 (b) obligations of others secured by any Lien in respect of property owned by such Person, whether or not such Person has assumed or become liable for the payment of such indebtedness; provided
that the amount of such Indebtedness, if such Person has not assumed the same or become liable therefor, shall in no event be deemed to be greater than the fair market value from time to time of the property subject to such Lien; 

(c) indebtedness, whether or not for borrowed money (excluding trade payables and accrued expenses arising in the ordinary course of
business and payable in the ordinary course of business), with respect to which such Person has become directly or indirectly liable and which represents the deferred purchase price (or a portion thereof) or has been incurred to finance the purchase
price (or a portion thereof) of any property or service or business acquired by such Person, whether by purchase, consolidation, merger or otherwise; 
 (d) the principal component of Capital Lease Obligations to the extent such obligations would, in accordance with GAAP, appear on a balance sheet of such Person; 

(e) Attributable Debt of such Person in respect of Sale and Lease-Back Transactions not involving a Capital Lease Obligation; 

(f) mandatory obligations of such Person to purchase, redeem, retire, defease or otherwise make any payment in cash in respect of any
Equity Interest (other than Drop Down Equity) in such Person or any other Person, valued at the greater of its voluntary or involuntary liquidation preference plus accrued and unpaid dividends or distribution; 

(g) obligations, contingent or fixed, of such Person as an account party in respect of letters of credit (other than letters of credit
incurred in the ordinary course of business and consistent with past practice or letters of credit outstanding on the effective date of this Agreement); 
 (h) liabilities of such Person in respect of unfunded vested benefits under pension plans (determined on a net basis for all such plans) and all asserted withdrawal liabilities of such Person or a
commonly controlled entity to a multi-employer plan; 
 (i) obligations of such Person in respect of bankers’ acceptances
(other than in respect of accounts payable to suppliers incurred in the ordinary course of business consistent with past practice); 
 (j) Guarantees by such Person in respect of obligations of the character referred to in clause (a), (b), (c), (d), (e), (f), (g), (h) or (i) of this definition of any other Person; 

  
 22 









 EXHIBIT A TO AMENDMENT NO. 2 TO CREDIT AGREEMENT 

 

 (k) obligations of the character referred to in clause (a), (b), (c), (d), (e), (f),
(g), (h), (i) or (j) of this definition deemed to be extinguished under GAAP but for which such Person remains legally liable; 
 (l) amendment, supplement, modification, deferral, renewal, extension or refunding of any obligation or liability of the types referred to in clauses (a) through (k) above; and 

(m) obligations arising out of Hedging Contracts (on a net basis to the extent netting is provided for in the applicable Hedging
Contract). 
 For the avoidance of doubt, for no purposes of this Agreement or any other Loan Document shall the Drop Down
Equity constitute “Indebtedness”. 
 “Indemnified Taxes” means Taxes other than Excluded Taxes.

 “Indemnitee” has the meaning given to such term in Section 10.04(b). 

“Indenture” means the Indenture dated as of September 20, 2010, between the Borrower and the Indenture Trustee, as
supplemented from time to time. 
 “Indenture Trustee” means U.S. Bank National Association, in its capacity as
trustee, under the Indenture, together with any successors in such capacity. 
 “Initial Borrower Financial
Statements” means the audited Consolidated financial statements for each of the Borrower and the Company including the related Consolidated balance sheets and related statements of income, partners’ equity and cash flow (i) with
respect to the Borrower, for the Fiscal Years ended December 31, 2011, December 31, 2010 and December 31, 2009 and (ii) with respect to the Company, for the three most recent Fiscal Years ended at least 90 days prior to the
Restatement Effective Date. 
 “Initial ETP Financial Statements” means the audited Consolidated annual
financial statements of ETP as of December 31, 2011. 
 “Initial Financial Statements” means (a) the
Initial Borrower Financial Statements, (b) the Initial ETP Financial Statements and (c) the Initial Regency Financial Statements. 
 “Initial Regency Financial Statements” means the audited Consolidated annual financial statements of Regency as of December 31, 2011. 

“Interest Payment Date” means (a) as to any Eurodollar Loan, the last day of each Interest Period applicable to
such Loan and the Maturity Date; provided, however, that if any Interest Period for a Eurodollar 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 ABR Loan or Swingline Loan, the last Business Day of each Fiscal Quarter and the Maturity Date. 
 “Interest Period” means, as to each Eurodollar Loan, the period commencing on the date such Eurodollar Loan is disbursed or Converted to or Continued as a Eurodollar Loan and ending


  
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 EXHIBIT A TO AMENDMENT NO. 2 TO CREDIT AGREEMENT 

 

 
on the date one, two, three or six months thereafter, as selected by the Borrower in its Loan Notice, or such period that is nine or twelve months thereafter if requested by the Borrower and
consented to by all the Lenders, 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 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 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 Maturity Date. 

“Investment” means, as to any Person, any direct or indirect 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, Guarantee or assumption 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 and any arrangement pursuant to which the investor Guarantees obligations of 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 determining the outstanding amount of an Investment, the amount of any Investment shall be the amount
actually invested (without adjustment for subsequent increases or decreases in the value of such Investment) reduced by the cash proceeds received upon the sale, liquidation, repayment or disposition of such Investment (less all costs thereof) or
other cash proceeds received as a return of capital of such Investment in an aggregate amount up to but not in excess of the amount of such Investment. 
 “Issuer Documents” means with respect to any Letter of Credit, the Letter of Credit Request, and any other document, agreement and instrument entered into by the LC Issuer and the
Borrower (or any Restricted Subsidiary) or in favor of the LC Issuer and relating to any such Letter of Credit. 

“Laws” means any statute, law (including common law), regulation, ordinance, rule, treaty, judgment, order, decree,
permit, concession, franchise, license, agreement or other governmental restriction of the United States or any state or political subdivision thereof or of any foreign country or any department, state, province or other political subdivision
thereof. 
 “LC Collateral” means cash or deposit account balances pledged and deposited with or delivered to
the Administrative Agent, for the benefit of the LC Issuer and the Lenders, as Collateral for the LC Obligations. 
 “LC
Conditions” has the meaning given to such term in Section 2.07. 
 “LC Credit Extension”
means, with respect to any Letter of Credit, the issuance thereof or extension of the expiry date thereof, or the increase of the amount thereof. 

  
 24 









 EXHIBIT A TO AMENDMENT NO. 2 TO CREDIT AGREEMENT 

 

 “LC Issuer” means Credit Suisse AG, acting through any of its
Affiliates or branches, in its capacity as issuer of Letters of Credit hereunder or any successor issuer of Letters of Credit hereunder. 
 “LC Obligations” means, as at any date of determination, the aggregate amount available to be drawn under all outstanding Letters of Credit plus the aggregate of all Matured LC
Obligations. For purposes of computing the amount available to be drawn under any Letter of Credit, the amount of such Letter of Credit shall be determined in accordance with Section 1.06. For all purposes of this Agreement, if on any
date of determination a Letter of Credit has expired by its terms but any amount may still be drawn thereunder by reason of the operation of Rule 3.14 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), such Letter of Credit shall be deemed to be “outstanding” in the amount so remaining available to be drawn.

 “LC Participation Fee” has the meaning given such term in Section 2.12(c). 

“Lender” has the meaning given to such term in the introductory paragraph hereto. Unless the context otherwise requires,
the term “Lenders” includes the Swingline Lender. 
 “Lender Hedging Obligations” means all
obligations arising from time to time under Hedging Contracts entered into from time to time between the Borrower or any of its Restricted Subsidiaries and a counterparty that is a Lender or an Affiliate of a Lender; provided that (a) if
such counterparty ceases to be a Lender hereunder or an Affiliate of a Lender hereunder, Lender Hedging Obligations shall only include such obligations to the extent arising from transactions entered into at the time such counterparty was a Lender
hereunder or an Affiliate of a Lender hereunder and (b) for any of the foregoing to be included within “Lender Hedging Obligations” hereunder, the applicable counterparty or the Borrower must have provided the Administrative Agent
written notice of the existence thereof certifying that such transaction is a Lender Hedging Obligation and is not prohibited under this Agreement. 
 “Lending Office” means, as to any Lender, the office or offices of such Lender described as such in such Lender’s Administrative Questionnaire, or such other office or offices as a
Lender may from time to time notify the Borrower and the Administrative Agent. 
 “Letter of Credit” means any
standby letter of credit issued hereunder. 
 “Letter of Credit Request” means, on any date, a request for the
issuance of a Letter of Credit in the form attached hereto as Exhibit D. 
 “Leverage Ratio of the
Borrower” means, on any date, the ratio of (a) Consolidated Funded Debt of the Borrower outstanding on the specified date to (b) the Consolidated EBITDA of the Borrower for the four Fiscal Quarter period most recently ended.

 “Liabilities” means, as to any Person, all indebtedness, liabilities and obligations of such Person, whether
matured or unmatured, liquidated or unliquidated, primary or secondary, direct or indirect, absolute, fixed or contingent, and whether or not required to be considered liabilities pursuant to GAAP. 

  
 25 









 EXHIBIT A TO AMENDMENT NO. 2 TO CREDIT AGREEMENT 

 

 “LIBO Rate” means, for any Interest Period, (a) the rate per annum
determined by the Administrative Agent at approximately 11:00 a.m., London, England time, on the date that is two Business Days prior to the commencement of that Interest Period by reference to the British Bankers’ Association Interest
Settlement Rates for deposits in Dollars (as set forth by the Bloomberg Information Service or any successor thereto or any other service selected by the Administrative Agent which has been nominated by the British Bankers’ Association as an
authorized information vendor for the purpose of displaying such rates) for a period equal to that Interest Period or (b) if at any time the rate specified in clause (a) of this definition is not provided by any such service (or any
successor or substitute page or any such successor to or substitute for such service), “LIBO Rate” means, with respect to each day during each Interest Period pertaining to applicable Borrowings of Eurodollar Loans comprising part of the
same Borrowing, the rate per annum equal to the rate at which the Administrative Agent is offered deposits in dollars at approximately 11:00 a.m., London, England time, two Business Days prior to the first day of such Interest Period in the London
interbank market for delivery on the first day of such Interest Period for the number of days comprised therein; provided that, to the extent that an interest rate is not ascertainable pursuant to the foregoing provisions 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 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, England time, on the date that is two Business Days prior to the beginning of that Interest Period. 

“Lien” means, with respect to any property or assets, any right or interest therein of a creditor to secure Liabilities
owed to it or any other arrangement with such creditor that provides for the payment of such Liabilities out of such property or assets or that allows such creditor to have such Liabilities satisfied out of such property or assets prior to the
general creditors of any owner thereof, including any lien, mortgage, security interest, pledge, deposit, production payment, rights of a vendor under any title retention or conditional sale agreement or lease substantially equivalent thereto, tax
lien, mechanic’s or materialman’s lien, or any other charge or encumbrance for security purposes, whether arising by Law or agreement or otherwise, but excluding any right of offset which arises without agreement in the ordinary course of
business. “Lien” also means any filed financing statement, any registration of a pledge (such as with an issuer of uncertificated securities), or any other arrangement or action that would serve to perfect a Lien described in the preceding
sentence, regardless of whether such financing statement is filed, such registration is made, or such arrangement or action is undertaken before or after such Lien exists. 
 “Loan Documents” means, collectively, this Agreement, each Note, each Issuer Document, the Fee Letter, each Guaranty, each Collateral Document and all other agreements, certificates and
instruments at any time delivered in connection herewith or therewith (exclusive of term sheets and commitment letters). 

“Loan Notice” means a notice of (a) a Borrowing, (b) a Conversion of Loans from one Type to the other,
pursuant to Section 2.04, or (c) a Continuation of Eurodollar Loans, pursuant to Section 2.04, which, if in writing, shall be substantially in the form of Exhibit E. 

  
 26 









 EXHIBIT A TO AMENDMENT NO. 2 TO CREDIT AGREEMENT 

 

 “Loans” means the loans made by the Lenders to the Borrower pursuant to
this Agreement, including the Loans and the Swingline Loans. 
 “Majority Lenders” means, as of any date of
determination, Lenders having more than 50% of the Aggregate Commitments or, if the Commitment of each Lender to make Loans and the obligation of the LC Issuer to make LC Credit Extensions have been terminated pursuant to Section 8.02,
Lenders holding in the aggregate more than 50% of the Facility Usage (with the aggregate amount of each Lender’s risk participation and funded participation in LC Obligations being deemed “held” by such Lender for purposes of this
definition); provided that the Commitments or Facility Usage, as applicable, held or deemed held by any Defaulting Lender shall be excluded for purposes of making a determination of Majority Lenders. 

“Material Adverse Effect” means a material adverse effect on (a) the financial condition, operations or properties
of the Borrower and its Restricted Subsidiaries, taken as a whole, (b) the ability of any Restricted Person to fully and timely perform its obligations under the Loan Documents to which it is a party, (c) the validity or enforceability
against a Restricted Person of a Loan Document to which it is a party, or (d) the material rights, remedies and benefits available to, or conferred upon, the Administrative Agent or any Lender under any Loan Document. 

“Material Unrestricted Person” means any Unrestricted Person that is a “significant subsidiary” as defined in
Article I, Rule 1-02 of Regulation S-X, promulgated pursuant to the Securities Act of 1933, as amended, as such regulation is in effect on any date of determination. 
 “Matured LC Obligations” means all amounts paid by LC Issuer on drafts or demands for payment drawn or made under or purported to be under any Letter of Credit and all other amounts due
and owing to LC Issuer under any Letter of Credit Request, to the extent the same have not been repaid to LC Issuer (with the proceeds of Loans or otherwise). 
 “Maturity Date” means September 20, 2015. 
 “Maximum
Rate” has the meaning given to such term in Section 10.09. 
 “MEP Interests” means
(a) ETP’s 100% interest in Midcontinent Express Pipeline III, L.L.C., a Delaware limited liability company and the owner of a 49.9% interest in Midcontinent Express Pipeline, LLC, a Delaware limited liability company, and (b) an
Option Agreement to acquire ETP’s 100% interest in Midcontinent Express Pipeline II, L.L.C., a Delaware limited liability company and the owner of a .1% interest in Midcontinent Express Pipeline, LLC. 

“Merger Agreement” means that certain agreement and plan of merger dated as of June 15, 2011 entered into among
Sigma Acquisition Corporation, a Delaware corporation, the Borrower and the Company, as amended and restated on July 19, 2011 and as further amended, amended and restated, supplemented or otherwise modified prior to the Restatement Effective
Date or as permitted by Section 7.13. 
 “Merger Date” means the date on which the transactions
contemplated by the Merger Agreement are consummated. 

  
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 EXHIBIT A TO AMENDMENT NO. 2 TO CREDIT AGREEMENT 

 

 “MLP” means either of ETP or Regency, as applicable, and
“MLPs” means both of ETP and Regency. 
 “MLP Credit Document” means the Applicable MLP Credit
Agreement and all other documents, instruments or agreements executed and delivered by the MLP party thereto or its subsidiaries in connection therewith. 
 “MLP Limited Partnership Agreement” means the Agreement of Limited Partnership of each of ETP and Regency. 
 “Moody’s” means Moody’s Investors Service, Inc., or its successor. 
 “Net Asset Sale Proceeds” means, with respect to any Asset Sale, an amount equal to (a) Cash payments (including any Cash received by way of deferred payment pursuant to, or by
monetization of, a note receivable or otherwise, but only as and when so received) received by the Borrower or any of its Restricted Subsidiaries from such Asset Sale, minus (b) any bona fide direct costs incurred in connection with such
Asset Sale, including income or gains taxes payable by the seller as a result of any gain recognized in connection with such Asset Sale, minus (c) all payments made on any Indebtedness which is secured by any of the assets subject to
such Asset Sale in accordance with the terms of the agreements creating the Lien on such asset. 
 “New
Lenders” has the meaning given to such term in Section 2.18(a). 
 “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 F-1, in the case of any Loans other than Swingline Loans, or the form of Exhibit F-2, in the case of
Swingline Loans. 
 “Obligations” means all advances to, and debts, liabilities, obligations, covenants and
duties of, any Restricted Person arising under any Loan Document or otherwise with respect to any Loan or Letter of Credit, 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 and fees that accrue after the commencement by or against any Restricted Person or any Affiliate thereof of any proceeding under any Debtor Relief Laws naming such Person as the debtor in such
proceeding, regardless of whether such interest and fees are allowed claims in such proceeding. 
 “Other
Business” means any subsidiary of the Company, or assets of the Company or any of its subsidiaries (excluding, for the avoidance of doubt, Citrus Corp. and Southern Union Gas Services, Ltd. and any holding company of either such Person
owned directly or indirectly by the Company). 
 “Other Drop Down/Transfer” means (a) the sale or transfer
(by merger or otherwise) of all or part of the Company’s direct or indirect interest in any Other Business to the Borrower (or any of its Subsidiaries or a newly formed affiliated entity) and the subsequent sale or transfer (by merger or
otherwise) of such interest to either MLP or its subsidiaries or a Drop Down/Transfer Joint Venture, (b) the sale or transfer (by merger or otherwise) of all or part of the Company’s direct or indirect interest in any Other Business to ETP
or its subsidiaries, to Regency or its subsidiaries, or a Drop Down/Transfer Joint Venture, or (c) any combination of the foregoing, and in each case, all transactions related thereto. 

  
 28 









 EXHIBIT A TO AMENDMENT NO. 2 TO CREDIT AGREEMENT 

 

 “Other Hedging Obligations” means all obligations arising from time to
time under Hedging Contracts entered into from time to time between the Borrower or any of its Restricted Subsidiaries and a counterparty that is a lender or an Affiliate of a lender under the Term Loan Credit Agreement, an Applicable MLP Credit
Agreement or the SUG Credit Agreement (but only to the extent that such lender or Affiliate of a lender under the Term Loan Credit Agreement, such Applicable MLP Credit Agreement or the SUG Credit Agreement, as the case may be, is not a Lender);
provided that (a) if such counterparty ceases to be a lender under the Term Loan Credit Agreement, such Applicable MLP Credit Agreement or the SUG Credit Agreement, or an Affiliate of a lender under the Term Loan Credit Agreement, such
Applicable MLP Credit Agreement or the SUG Credit Agreement, as the case may be, Other Hedging Obligations shall only include such obligations to the extent arising from transactions entered into at the time such counterparty was a lender under the
Term Loan Credit Agreement, such Applicable MLP Credit Agreement or the SUG Credit Agreement, or an Affiliate of a lender under the Term Loan Credit Agreement, such Applicable MLP Credit Agreement or the SUG Credit Agreement, as the case may be, and
(b) for any of the foregoing to be included within “Other Hedging Obligations” hereunder, the applicable counterparty or the Borrower must have provided the Administrative Agent written notice of the existence thereof certifying that
such transaction is an Other Hedging Obligation and is not prohibited under this Agreement. 
 “Other Taxes”
means all present or future stamp or documentary taxes or any other excise or property taxes, charges or similar levies arising from any payment made hereunder or under any other Loan Document or from the execution, delivery or enforcement of, or
otherwise with respect to, this Agreement or any other Loan Document. 
 “Participant” has the meaning given to
such term in Section 10.06(d). 
 “Participant Register” has the meaning given to such term in
Section 10.06(d). 
 “Partnership Agreement” means the Agreement of Limited Partnership of the Borrower as
in effect on the Restatement Effective Date. 
 “PBGC” means the Pension Benefit Guaranty Corporation referred
to and defined in ERISA and any successor entity performing similar functions. 
 “Perfection Certificate”
means a certificate substantially in the form of Exhibit G that provides information with respect to the personal or mixed property of any Restricted Person. 
 “Permitted Acquisitions” means (a) the acquisition of all of the Equity Interests in a Person (exclusive of director-qualifying shares and other Equity Interests required to be held
by an Affiliate to comply with a requirement of Law), (b) any other acquisition of all or a substantial portion of the business, assets or operations of a Person (whether in a single transaction or a series of related transactions), or
(c) a merger or consolidation of any Person with or into a Restricted Person so long as the survivor is or becomes a Restricted Person upon consummation thereof (and Borrower is the survivor, if it is a party); provided, that
(i) prior to and after giving effect to such acquisition, no Default or Event of Default shall have occurred 

  
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 EXHIBIT A TO AMENDMENT NO. 2 TO CREDIT AGREEMENT 

 

 
and be continuing, (ii) all representations and warranties contained in the Loan Documents shall be true and correct in all material respects as if restated immediately following the
consummation of such acquisition, and (iii) the Borrower has provided to the Administrative Agent an officer’s certificate, in form satisfactory to the Administrative Agent, certifying that each of the foregoing conditions has been
satisfied. 
 “Permitted Investments” means: 

(a) Cash Equivalents; 
 (b) Investments in the Borrower or any Restricted Person; 
 (c)
(i) Investments held directly by ETP GP in its general partnership units and incentive distribution rights of ETP, plus additional contributions by ETP GP to maintain its general partnership interest in ETP, and (ii) Investments held
directly by Regency GP in its general partnership units and incentive distribution rights of Regency, plus additional contributions by Regency GP to maintain its general partnership interest in Regency; 

(d) unsecured Guarantees of Indebtedness of Unrestricted Persons (other than an MLP and its respective subsidiaries) in an amount not to
exceed $15,000,000 at any one time; 
 (e) Investments held directly by the Borrower or a Restricted Subsidiary in limited
partnership units of an MLP or Equity Interests of the Company; 
 (f) Investments (other than Guarantees) in MLPs and their
respective subsidiaries made after the Restatement Effective Date in an aggregate amount not to exceed at any one time outstanding $90,000,000; 
 (g) Investments (other than Guarantees) in Unrestricted Persons (other than an MLP and its respective subsidiaries) made after the Restatement Effective Date in an aggregate amount not to exceed at any
one time outstanding the sum of (i) $150,000,000 plus (ii) the Cumulative Amount at the time of such Investment; 
 (h) Investments contemplated by any Drop Down; and 
 (i) any Drop Down/Transfer
Guarantees. 
 “Permitted Lien” has the meaning given to such term in Section 7.02. 

“Permitted Line of Business” means, with respect to the specified Person, lines of business engaged in by such Person
and its subsidiaries such that such Person and its subsidiaries, taken as a whole, are substantially engaged in businesses that generate revenue from energy-related activities that satisfy the requirements for “qualifying income” under
Section 7704(c) of the Code. 
 “Person” means any natural person, corporation, limited liability company,
trust, joint venture, association, company, partnership, Governmental Authority or other entity. 

  
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 EXHIBIT A TO AMENDMENT NO. 2 TO CREDIT AGREEMENT 

 

 “Pledge Agreement” means that certain Amended and Restated Pledge and
Security Agreement effective as of the Restatement Effective Date among the Borrower, the other grantors party thereto and the Collateral Agent, as amended, restated, supplemented or otherwise modified from time to time in accordance with the terms
thereof. 
 “Prepayment Hedge Termination Expenses” means any cash payments made to terminate any Hedging
Contract in connection with the Acquisition or any Transfer or Drop Down. 
 “Prime Rate” means the rate of
interest per annum established from time to time by Credit Suisse AG as its prime rate in effect at its principal office in New York City. Each change in the Prime Rate shall be effective from and including the date such change is established as
being effective. 
 “Quarterly Testing Date” means the last day of each Fiscal Quarter. 

“Rabbi Trusts” means those four (4) certain non-qualified deferred compensation irrevocable trusts existing as of
the date hereof, previously established by the Company for the benefit of its executive employees, so long as the assets in each of such trusts which have not yet been distributed to one or more executive employees of the Company remain subject to
the claims of the Company’s general creditors. 
 “Rating Agency” means S&P or Moody’s.

 “Reference Date” has the meaning set forth in the definition of “Cumulative Amount”.

 “Regency” means Regency Energy Partners LP, a Delaware limited partnership. 

“Regency Credit Agreement” means the Fifth Amended and Restated Credit Agreement dated March 3, 2010 among Regency,
Regency Gas Services LP, as borrower, the subsidiary guarantors named therein, Wells Fargo Bank, National Association, successor to Wachovia Bank, National Association, as administrative agent, and the other agents and the lenders from time to time
party thereto, as amended, modified, waived, restated, replaced, refinanced or otherwise supplemented on or prior to the date hereof. 
 “Regency GP” means Regency GP LP, a Delaware limited partnership, or the corporate, partnership or limited liability successor thereto, in either case which is the general partner of
Regency. 
 “Regency LLC” means Regency GP LLC, a Delaware limited liability company, or the corporate,
partnership or limited liability successor thereto, in either case which is the general partner of Regency GP. 

“Regency Material Adverse Effect” means a material adverse effect on (i) the financial condition, operations or
properties of Regency and its subsidiaries, taken as a whole, or (ii) the ability of Regency to perform its obligations under the Applicable Regency Credit Agreement or the ability of its subsidiaries, taken as a whole, to perform their
respective obligations under the guarantee of the Applicable Regency Credit Agreement, or (iii) the validity or enforceability of the Applicable Regency Credit Agreement and related documents. 

  
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 EXHIBIT A TO AMENDMENT NO. 2 TO CREDIT AGREEMENT 

 

 “Regency Reporting” means all information or reports that relates to
Regency and its subsidiaries (including their respective financial condition, operations, properties, prospects, business, liabilities, or compliance): (i) required to be provided pursuant to Sections 6.02 or 6.04,
(ii) provided to the management of the Borrower, or (iii) that has become publicly available. 

“Register” has the meaning given to such term in Section 10.06(c). 

“Related Parties” means, with respect to any Person, such Person’s Affiliates and the partners, directors,
trustees, officers, employees, agents and advisors of such Person and of such Person’s Affiliates. 
 “Responsible
Officer” means the chief executive officer, president, chief financial officer or treasurer of a Restricted Person. Any document delivered hereunder that is signed by a Responsible Officer of a Restricted Person shall be conclusively
presumed to have been authorized by all necessary corporate, partnership and/or other action on the part of such Restricted Person and such Responsible Officer shall be conclusively presumed to have acted on behalf of such Restricted Person.

 “Restatement Effective Date” means the first date on which all the conditions precedent in
Section 4.01 are satisfied or waived in accordance with Section 10.01. 
 “Restricted
Payment” means any dividends on, or other distribution in respect of, any Equity Interests in any Restricted Person, or any purchase, redemption, acquisition, or retirement of any Equity Interests in any Restricted Person (whether such
interests are now or hereafter issued, outstanding or created), or any reduction or retirement of the Equity Interest of any Restricted Person, except, in each case, distributions, dividends or any other of the above actions payable solely in shares
of capital stock of (or other ownership or profit interests in) such Restricted Person, or warrants, options or other rights for the purchase or acquisition from such Restricted Person of shares of capital stock of (or other ownership or profit
interests in) such Restricted Person. 
 “Restricted Person” means each of the Borrower, ETP GP, ETP LLC,
Regency GP, Regency LLC and each Restricted Subsidiary. 
 “Restricted Subsidiary” means any Subsidiary of the
Borrower other than the Unrestricted Persons. 
 “Restructuring Preferred Units” means the 3,000,000 units of
the class of new units of the Borrower designated as the “Series A Convertible Preferred Units” of the Borrower issued pursuant to the Restructuring Transactions with an aggregate redemption value of $300,000,000 on the date of
issuance, with a quarterly cumulative preferred distribution of $2.00 per unit (8% per annum) and subject to mandatory redemption and other provisions as described in Amendment No. 3 to the Borrower’s Third Amended and Restated Agreement
of Limited Partnership, dated as of May 26, 2010, as filed with the Securities & Exchange Commission on Form 8-K on June 2, 2010, as Exhibit 3.1 thereto. 
 “Restructuring Transactions” means (i) the redemption by ETP of 12,273,830 common limited partnership units of ETP held by the Borrower in exchange for the MEP Interests,
(ii) the 

  
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 EXHIBIT A TO AMENDMENT NO. 2 TO CREDIT AGREEMENT 

 

 
exchange by the Borrower with Regency of the MEP Interests for 26,266,791 limited partnership units of Regency, and (iii) the acquisition by the Borrower from General Electric Energy
Financial Services, a unit of General Electric Capital Corporation, and Regency GP Acquirer, L.P. and certain of Regency GP’s management parties of 100% of the equity interest in Regency GP and Regency LLC in consideration for the Restructuring
Preferred Units. 
 “S&P” means Standard & Poor’s Ratings Services (a division of McGraw
Hill, Inc.) or its successor. 
 “Sale and Lease-Back Transaction” means, with respect to any Person (a
“Transferor”), any arrangement (other than between the Borrower and a Wholly Owned Subsidiary of the Borrower that is a Restricted Person or between Wholly Owned Subsidiaries of the Borrower that are each Restricted Persons) whereby
(a) property (the “Subject Property”) has been or is to be disposed of by such Transferor to any other Person with the intention on the part of such Transferor of taking back a lease of such Subject Property pursuant to which
the rental payments are calculated to amortize the purchase price of such Subject Property substantially over the useful life of such Subject Property, and (b) such Subject Property is in fact so leased by such Transferor or an Affiliate of
such Transferor. 
 “Secured Parties” means, collectively, the Administrative Agent, the Collateral
Agent, the Lenders, the Term Lender, the holders of the Lender Hedging Obligations, the holders of the Senior Notes and any other party for whose benefit the Collateral Agent is granted a Lien and security interest in Collateral pursuant to the
terms of the Collateral Documents.  
 “Senior Note Obligations” means the “Note Obligations”
of the Borrower, as issuer of the Senior Notes, under the Indenture. 
 “Senior Note Refinancing Indebtedness”
has the meaning assigned such term in Section 7.01(i). 
 “Senior Notes” means the Borrower’s
$1,800,000,000 7.500% senior notes due 2020 issued under the Indenture. 
 “Specified Acquisition” means an
acquisition of assets or entities or operating lines or divisions for a purchase price of not less than $25,000,000. For the avoidance of doubt, the Acquisition is not a Specified Acquisition. 

“Specified Acquisition Period” means a period elected by the Borrower that commences on the date elected by the
Borrower, by notice to the Administrative Agent, following the occurrence of a Specified Acquisition by the Borrower or its subsidiaries and ending on the earliest of (a) the third Quarterly Testing Date occurring after the consummation of such
Specified Acquisition, and (b) if the Leverage Ratio is less than or equal to 5.5 to 1.0 on such date, the date set forth in a Borrower’s notice to the Administrative Agent terminating such Specified Acquisition Period accompanied by a
certificate reflecting compliance with such Leverage Ratio as of such date; provided, in the event the Leverage Ratio exceeds 5.5 to 1.0 as of the end of any Fiscal Quarter in which a Specified Acquisition has occurred, the Borrower shall be
deemed to have so elected a Specified Acquisition Period with respect thereto on such last day of such Fiscal Quarter; provided, further, following the election (or deemed election) of


  
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 EXHIBIT A TO AMENDMENT NO. 2 TO CREDIT AGREEMENT 

 

 
a Specified Acquisition Period, the Borrower may not elect (or be deemed to have elected) a subsequent Specified Acquisition Period unless, at the time of such subsequent election, the Leverage
Ratio does not exceed 5.5 to 1.0. Only one Specified Acquisition Period may be elected (or deemed elected) with respect to any particular Specified Acquisition. 
 “Specified Disposition” means a disposition of assets or entities or operating lines or divisions for a purchase price of not less than $25,000,000. 

“Statutory Reserve Rate” means a fraction (expressed as a decimal), the numerator of which is the number one and the
denominator of which is the number one minus the aggregate of the maximum reserve percentages (including any marginal, special, emergency or supplemental reserves) expressed as a decimal established by the Board to which the Administrative Agent is
subject with respect to the Adjusted LIBO Rate, for eurocurrency funding (currently referred to as “Eurocurrency Liabilities” in Regulation D of the Board). Such reserve percentages shall include those imposed pursuant to such Regulation
D. Eurodollar Loans shall be deemed to constitute eurocurrency funding and to be subject to such reserve requirements without benefit of or credit for proration, exemptions or offsets that may be available from time to time to any Lender under such
Regulation D or any comparable regulation. The Statutory Reserve Rate shall be adjusted automatically on and as of the effective date of any change in any reserve percentage. 
 “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. 
 “Subsidiary” means, except as used in connection with Consolidated financial statements, financial condition, results of operations, cash flows, assets, liabilities, etc., or unless
otherwise specified, any subsidiary of the Borrower, excluding each MLP, the Company, each Drop Down Entity, Sigma Acquisition Corporation, Citrus ETE Acquisition, L.L.C., SUG Holdco and their respective subsidiaries. 

“SUG Credit Agreement” means the Eighth Amended and Restated Revolving Credit Agreement dated March 26, 2012 among
the Company, as borrower, JPMorgan Chase Bank, N.A., as administrative agent, and the other agents and the lenders from time to time party thereto, as amended, modified, waived, restated, replaced, refinanced or otherwise supplemented on or prior to
the date hereof. 
 “SUG Holdco” means ETE Sigma Holdco Corporation, a Delaware corporation. 

“SUG Material Adverse Effect” means a material adverse effect on (i) the financial condition, operations or
properties of the Company and its subsidiaries, taken as a whole, or (ii) the ability of the Company to perform its obligations under the SUG Credit Agreement or the ability of its subsidiaries, taken as a whole, to perform their respective
obligations under the guarantee of the SUG Credit Agreement, or (iii) the validity or enforceability of the SUG Credit Agreement and related documents. 

  
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 EXHIBIT A TO AMENDMENT NO. 2 TO CREDIT AGREEMENT 

 

 “SUG Pro Forma Cash Distributions” means, for any Fiscal Quarter, an
amount equal to Consolidated EBITDA of SUG less (a) interest expense of the Company and its subsidiaries, determined in accordance with GAAP and paid in cash during such Fiscal Quarter, (b) taxes paid in cash during such Fiscal Quarter,
(c) maintenance capital expenditures in such Fiscal Quarter and (d) any other amounts appropriately deducted in calculating “available cash” of a master limited partnership for such Fiscal Quarter as determined by the Borrower in
good faith, provided that if any Transfer or Drop Down occurs in such Fiscal Quarter, such amount will be calculated on a pro forma basis as if such Transfer or Drop Down had occurred on the first day of such Fiscal Quarter. 

“SUGS Drop Down/Transfer” means (a) the sale or transfer (by merger or otherwise) of all or part of the
Company’s direct or indirect interest in Southern Union Gas Services, Ltd. to the Borrower (or any of its Subsidiaries or a newly formed affiliated entity) and the subsequent sale or transfer (by merger or otherwise) of such interest to either
MLP or its subsidiaries or a Drop Down/Transfer Joint Venture, (b) the sale or transfer (by merger or otherwise) of all or part of the Company’s direct or indirect interest in Southern Union Gas Services, Ltd. to ETP or its subsidiaries,
to Regency or its subsidiaries, or a Drop Down/Transfer Joint Venture, or (c) any combination of the foregoing, and in each case, all transactions related thereto. 
 “Swingline Commitment” means the commitment of the Swingline Lender to make Swingline Loans, as such amount may be adjusted from time to time in accordance with this Agreement by the
Borrower and the Swingline Lender. The Swingline Commitment is $10,000,000. 
 “Swingline Lender” means Credit
Suisse AG, acting through any of its Affiliates or branches, in its capacity as lender of Swingline Loans hereunder, or any successor issuer of Swingline Loans. 
 “Swingline Lender’s Office” means such address or account as the Swingline Lender may from time to time notify to the Borrower and the Lenders. 

“Swingline Loan” has the meaning assigned to that term in Section 2.02. 

“Taxes” means all present or future taxes, levies, imposts, duties, deductions, withholdings, assessments, fees or other
charges imposed by any Governmental Authority, including any interest, additions to tax or penalties applicable thereto. 

“Term Loan Administrative Agent” means the administrative agent under the Term Loan Credit Agreement. 

“Term Loan Credit Agreement” means that certain $2,000,000,000 Senior Secured Term Loan Agreement dated as of
March 23, 2012 among the Borrower, the Term Loan Administrative Agent, and the other lenders party thereto, as further amended, modified, restated, or replaced. 

  
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 EXHIBIT A TO AMENDMENT NO. 2 TO CREDIT AGREEMENT 

 

 “Term Loan Document” means each “Loan Document” under the
Term Loan Credit Agreement. 
 “Term Loan Lenders” means the lenders party to the Term Loan Credit Agreement
from time to time. 
 “Term Loan Obligations” means the Term Loans and all interest, fees and premium, if any,
and all other debts, liabilities, obligations, covenants and duties of, any Restricted Person arising under any Term Loan Document or otherwise with respect to any Term Loan, 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 and fees that accrue after the commencement by or against any Restricted Person or any Affiliate thereof of any proceeding under any Debtor Relief
Laws naming such Person as the debtor in such proceeding, regardless of whether such interest and fees are allowed claims in such proceeding. 
 “Term Loan Refinancing Indebtedness” has the meaning given to such term under the Term Loan Credit Agreement. 
 “Term Loans” means the loans made by the Term Loan Lenders to the Borrower pursuant to the Term Loan Credit Agreement. 

“Termination Event” means (a) the occurrence with respect to any ERISA Plan of (i) a reportable event
described in Sections 4043(c)(5) or (6) of ERISA or (ii) any other reportable event described in Section 4043(c) of ERISA other than a reportable event not subject to the provision for 30-day notice to the PBGC pursuant to a waiver by
the PBGC under Section 4043(a) of ERISA, (b) the withdrawal of any ERISA Affiliate from an ERISA Plan (i) during a plan year in which it was a “substantial employer” as defined in Section 4001(a)(2) of ERISA or
(ii) pursuant to Sections 4201 or 4203 of ERISA, (c) the filing of a notice of intent to terminate any ERISA Plan or the treatment of any ERISA Plan amendment as a termination under Section 4041 of ERISA, (d) the institution of
proceedings to terminate any ERISA Plan by the Pension Benefit Guaranty Corporation under Section 4042 of ERISA, or any other event or condition which might constitute grounds under Section 4042 of ERISA for the termination of, or the
appointment of a trustee to administer, any ERISA Plan, (e) the incurrence by any ERISA Affiliate of any liability under Title IV of ERISA with respect to the termination of any ERISA Plan, including but not limited to the imposition of any
Lien in favor of the PBGC or any ERISA Plan, or (f) the receipt by any ERISA Affiliate of a determination that an ERISA Plan is, or is expected to be, “at-risk” (within the meaning of Section 303 of ERISA), in
“endangered” or “critical” status (within the meaning of Section 305 of ERISA), or “insolvent” or in “reorganization” within the meaning of Title IV of ERISA. 

“Transfer” means any of the Citrus Transfer, the SUGS Drop Down/Transfer or any Other Drop Down/Transfer. 

“Tribunal” means any government, any arbitration panel, any court or any governmental department, commission, board,
bureau, agency or instrumentality of the United States or any state, province, commonwealth, nation, territory, possession, county, parish, town, township, village or municipality, whether now or hereafter constituted or existing. 

  
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 EXHIBIT A TO AMENDMENT NO. 2 TO CREDIT AGREEMENT 

 

 “Type” means, with respect to a Loan, its character as an ABR Loan or a
Eurodollar Loan. 
 “U.S. Tax Compliance Certificate” has the meaning assigned to that term in
Section 3.01(e)(ii)(C). 
 “UCC” means the Uniform Commercial Code as in effect in the State of New
York from time to time. 
 “United States” and “U.S.” mean the United States of America.

 “Unrestricted Persons” means each MLP, the Company, each Drop Down Entity and their respective subsidiaries,
Sigma Acquisition Corporation, Citrus ETE Acquisition, L.L.C., SUG Holdco and, unless subsequently designated as a Restricted Subsidiary pursuant to Section 6.11, any Subsidiary of the Borrower that is designated as an Unrestricted
Person pursuant to Section 6.11. 
 “Value” means as of any date of determination (i) the
combined market value of limited partnership units of each MLP held by the Borrower as determined by reference to the price of the common units of such MLP as quoted on the New York Stock Exchange at the close of business on the date of
determination plus (ii) 20 times Consolidated EBITDA of the Borrower derived from the general partnership interests and incentive distribution rights under the Agreement of Limited Partnership of such MLP as in effect from time to time
(other than expenses relating to the Borrower) for the four Fiscal Quarter period most recently ended prior to the date of determination as set forth in clause (b) of the definition of “Consolidated EBITDA of the Borrower” plus
(iii) (a) 11.5 times Consolidated EBITDA of SUG for the four Fiscal Quarter period most recently ended prior to the date of determination minus (b) all net Indebtedness on a Consolidated balance sheet of the Company and its
subsidiaries prepared as of such date in accordance with GAAP. 
 “Wholly Owned Subsidiary” means, with respect
to a Person, any subsidiary of such Person, all of the issued and outstanding stock, limited liability company membership interests, or partnership interests of which (including all rights or options to acquire such stock or interests) are directly
or indirectly (through one or more subsidiaries) owned by such Person, excluding any general partner interests owned, directly or indirectly, by General Partner in any such subsidiary that is a partnership, in each case such general partner
interests not to exceed two percent (2%) of the aggregate ownership interests of any such partnership and directors’ qualifying shares if applicable. 
 1.02 Other Interpretive Provisions. With reference to this Agreement and each other Loan Document, unless otherwise specified herein or in such other Loan Document: 

(a) The definitions of terms herein shall apply equally to the singular and plural forms of the terms defined. Whenever the context may
require, any pronoun shall include the corresponding masculine, feminine and neuter forms. The words “include,” “includes” and “including” shall be deemed to be followed by the phrase
“without limitation.” The word “will” shall be construed to have the same meaning and effect as the word “shall.” Unless the context requires otherwise, (i) any definition of or reference to
any agreement, instrument or other 

  
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 EXHIBIT A TO AMENDMENT NO. 2 TO CREDIT AGREEMENT 

 

 
document shall be construed as referring to such agreement, instrument or other document as from time to time amended, supplemented or otherwise modified (subject to any restrictions on such
amendments, supplements or modifications set forth herein or in any other Loan Document), (ii) any reference herein to any Person shall be construed to include such Person’s successors and assigns, (iii) the words
“herein,” “hereof” and “hereunder,” and words of similar import when used in any Loan Document, shall be construed to refer to such Loan Document in its entirety and not to any particular provision
thereof, (iv) all references in a Loan Document to “Articles,” “Sections,” “Exhibits” and “Schedules” shall be construed to refer to Articles and Sections of, and Exhibits and Schedules to, the Loan
Document in which such references appear, (v) any reference to any law shall include all statutory and regulatory provisions consolidating, amending, replacing or interpreting such law and any reference to any law or regulation shall, unless
otherwise specified, refer to such law or regulation as amended, modified or supplemented from time to time, (vi) the word “incur” shall be construed to mean incur, create, issue, assume or become liable in respect of (and the words
“incurred” and “incurrence” shall have correlative meanings), and (vii) the words “asset” and “property” shall be construed to have the same meaning and effect and to refer to any and all
tangible and intangible assets and properties, including cash, securities, accounts and contract rights. 
 (b) 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.” 
 (c) Section headings
herein and in 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. 
 1.03 Accounting Terms. 
 (a) Generally. All accounting terms not specifically
or completely defined herein shall be construed in conformity with, and all financial data (including financial ratios and other financial calculations) 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 Financial Statements, except as otherwise specifically prescribed herein. 

(b) Changes in GAAP. 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 either the Borrower or the Majority Lenders 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 (subject to the approval of the Majority Lenders); provided that, until so amended, (i) such ratio or requirement shall continue to be computed in accordance with GAAP prior to such change therein,
and (ii) 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. Notwithstanding anything in this Agreement to the contrary, any change in GAAP that would require operating leases to be treated similarly to Capital Leases shall
not be given effect in the definition of Indebtedness or any related definitions or in the computation of any financial ratio or requirement hereunder. 

  
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 EXHIBIT A TO AMENDMENT NO. 2 TO CREDIT AGREEMENT 

 

 1.04 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). 
 1.05 Times of Day. Unless
otherwise specified, all references herein to times of day shall be references to Eastern time (daylight or standard, as applicable). 
 1.06 Letter of Credit Amounts. Unless otherwise specified, all references herein to the amount of a Letter of Credit at any time shall be deemed to be the stated amount of such Letter of
Credit in effect at such time; provided, however, that with respect to any Letter of Credit that, by its terms or the terms of any Issuer Document related thereto, provides for one or more automatic increases in the stated amount
thereof, the amount of such Letter of Credit shall be deemed to be the maximum stated amount of such Letter of Credit after giving effect to all such increases, whether or not such maximum stated amount is in effect at such time. 

ARTICLE II. 

the Commitments and Credit Extensions 
 2.01 Loans. Subject to the terms and conditions hereof, each Lender agrees to make Loans to the Borrower upon the Borrower’s request from time to time during the Commitment Period, provided
that (a) subject to Sections 3.03, 3.04 and 3.06, all Lenders are requested to make Loans of the same Type in accordance with their respective Applicable Percentages and as part of the same Borrowing, and (b) after
giving effect to such Loans, the Facility Usage does not exceed the Aggregate Commitments, and the Loans of any Lender plus such Lender’s Applicable Percentage of all LC Obligations and Swingline Loans does not exceed such Lender’s
Commitment. The aggregate amount of all Loans that are ABR Loans in any Borrowing must be equal to $1,000,000 or any higher integral multiple of $500,000. The aggregate amount of all Eurodollar Loans in any Borrowing must be equal to $3,000,000 or
any higher integral multiple of $1,000,000. The Borrower may have no more than eight (8) Borrowings of Eurodollar Loans outstanding at any time. All Loans shall be due and payable in full on the Maturity Date, subject to prepayments provided
herein. Subject to the terms and conditions of this Agreement, the Borrower may borrow, repay, and reborrow Loans under this Section 2.01. 
 2.02 Swingline Loans. 
 (a) Subject to the terms and conditions of this Agreement,
the Swingline Lender agrees to make swingline loans (“Swingline Loans”) to the Borrower from time to time during the Commitment Period; provided, that the aggregate principal amount of all outstanding Swingline Loans
(after giving effect to any amount requested), shall not exceed the lesser of (i) the Aggregate Commitments less the sum of all outstanding Loans and the LC Obligations and (ii) the Swingline Commitment; provided further that the
Swingline Lender will not make a 

  
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 EXHIBIT A TO AMENDMENT NO. 2 TO CREDIT AGREEMENT 

 

 
Swingline Loan from and after the date which is one (1) day after it has received written notice from the Borrower or any Lender that one or more of the applicable conditions to Credit
Extensions specified in Section 4.01 is not then satisfied until such conditions are satisfied or waived in accordance with the provisions of this Agreement (and the Swingline Lender shall be entitled to conclusively rely on any such
notice and shall have no obligation to independently investigate the accuracy of such notice and shall have no liability to the Borrower in respect thereof if such notice proves to be inaccurate). The amount of any Swingline Loan shall not be
subject to a minimum amount or increment. 
 (b) Swingline Loans shall be refunded by the Lenders on demand by the Swingline
Lender. Such refundings of any Swingline Loan shall be made by each Lender in an amount equal to its Applicable Percentage with respect thereto and shall thereafter be reflected as Loans of the Lenders on the books and records of the Administrative
Agent. Each Lender shall fund such amount upon demand by the Swingline Lender but in no event later than 1:00 p.m. on the next succeeding Business Day after such demand is made. No Lender’s obligation to fund its Applicable Percentage of a
Swingline Loan shall be affected by any other Lender’s failure to fund its Applicable Percentage of a Swingline Loan, nor shall any Lender’s Applicable Percentage be increased as a result of any such failure of any other Lender to fund its
Applicable Percentage of a Swingline Loan. 
 (c) The Borrower shall pay to the Swingline Lender the amount of each Swingline
Loan (unless such Swingline Loan is fully refunded by the Lenders pursuant to Section 2.02(b)), on demand and in no event later than the Maturity Date. In addition, the Borrower hereby authorizes the Administrative Agent to charge any
account maintained by the Borrower with the Swingline Lender (up to the amount available therein) in order to immediately pay the Swingline Lender the amount of such Swingline Loans. If any portion of any such amount paid to the Swingline Lender
shall be recovered by or on behalf of the Borrower from the Swingline Lender in bankruptcy or otherwise, the loss of the amount so recovered shall be ratably shared among all the Lenders in accordance with their Applicable Percentages (unless the
amounts so recovered by or on behalf of the Borrower pertain to a Swingline Loan extended after the occurrence and during the continuance of an Event of Default of which the Administrative Agent has received notice in the manner required pursuant to
Section 10.02 and which such Event of Default has not been waived by the Majority Lenders or the Lenders, as applicable). 
 (d) Each Lender acknowledges and agrees that its obligation to refund Swingline Loans in accordance with the terms of this Section 2.02 is absolute and unconditional and shall not be affected
by any circumstance whatsoever, including non-satisfaction of the conditions set forth in Article IV. Further, each Lender agrees and acknowledges that if prior to the refunding of any outstanding Swingline Loans pursuant to this
Section 2.02, one of the events described in subsections 8.01(j)(i), 8.01(j)(ii) or 8.01(j)(iii) shall have occurred, each Lender will, on the date the applicable Loan would have been made, purchase an undivided, irrevocable and
unconditional participating interest in the Swingline Loans to be refunded in an amount equal to its Applicable Percentage of the aggregate amount of such Swingline Loans. Each Lender will immediately transfer to the Swingline Lender, in immediately
available funds, the amount of its participation, and upon receipt thereof, the Swingline Lender will deliver to such Lender a certificate evidencing such participation dated the date of receipt of such funds and for such amount. Whenever, at any
time after the Swingline Lender has received from any Lender such 

  
 40 









 EXHIBIT A TO AMENDMENT NO. 2 TO CREDIT AGREEMENT 

 

 
Lender’s participating interest in a Swingline Loan, the Swingline Lender receives any payment on account thereof, the Swingline Lender will distribute to such Lender its participating
interest in such amount (appropriately adjusted, in the case of interest payments, to reflect the period of time during which such Lender’s participating interest was outstanding and funded). Notwithstanding the foregoing provisions of this
Section 2.02(d), a Lender shall have no obligation to refund a Swingline Loan pursuant to Section 2.02(b) if (i) a Default shall exist at the time such refunding is requested by the Swingline Lender, (ii) such
Default had occurred and was continuing at the time such Swingline Loan was made by the Swingline Lender and (iii) such Lender notified the Swingline Lender in writing, not less than one (1) Business Day prior to the making by the
Swingline Lender of such Swingline Loan, that such Default has occurred and is continuing and that such Lender will not refund Swingline Loans made while such Default is continuing. 

2.03 Requests for New Loans. The Borrower must give to the Administrative Agent written notice (or telephonic notice promptly confirmed
in writing) of any requested Borrowing of Loans or Swingline Loans to be funded by the Lenders or the Swingline Lender. Each such notice constitutes a Loan Notice hereunder and must: 

(a) specify (i) the aggregate amount of any such Borrowing of ABR Loans and the date on which such ABR Loans are to be advanced,
(ii) the aggregate amount of any such Borrowing of Eurodollar Loans, the date on which such Eurodollar Loans are to be advanced (which shall be the first day of the Interest Period which is to apply thereto), and the length of the applicable
Interest Period, or (iii) the aggregate amount of any such Borrowing of Swingline Loans and the date on which such Swingline Loans are to be advanced; and 
 (b) be received by the Administrative Agent not later than 11:00 a.m. on (i) the day on which any such ABR Loans or Swingline Loans are to be made, or (ii) the third Business Day preceding the
day on which any such Eurodollar Loans are to be made. 
 Each such written request or confirmation must be made in the form and
substance of the Loan Notice, duly completed. Each telephonic request shall be deemed a representation, warranty, acknowledgment and agreement by the Borrower as to the matters which are required to be set out in such written confirmation. If no
election as to the Type of Borrowing is specified in any such notice, then the requested Borrowing shall be an ABR Borrowing. If no Interest Period with respect to any Eurodollar Borrowing is specified in any such notice, then the Borrower shall be
deemed to have selected an Interest Period of one month’s duration. Upon receipt of the Loan Notice requesting Loans, the Administrative Agent shall give each Lender prompt notice of the terms thereof. Upon receipt of any such Loan Notice
requesting Swingline Loans, the Administrative Agent shall give the Swingline Lender prompt notice of the terms thereof. In the case of Loans, if all conditions precedent to such new Loans have been met, each Lender will by 1:00 p.m. New York time
on the date requested promptly remit to the Administrative Agent at the Administrative Agent’s Office the amount of such Lender’s Loan in immediately available funds, and upon receipt of such funds, unless to its actual knowledge any
conditions precedent to the Loans have been neither met nor waived as provided herein, the Administrative Agent shall promptly make such Loans available to the Borrower. In the case of Swingline Loans, if all conditions precedent to such new Loans
have been met, the Swingline Lender will on the date requested promptly remit to the Borrower the amount of such Swingline 

  
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 EXHIBIT A TO AMENDMENT NO. 2 TO CREDIT AGREEMENT 

 

 
Loan in immediately available funds, unless to its actual knowledge any conditions precedent to such Swingline Loan have been neither met nor waived as provided herein. Loans to be made for the
purpose of refunding Swingline Loans shall be made by the Lenders as provided in Section 2.02(b). 
 2.04
Continuations and Conversions of Existing Loans. The Borrower may make the following elections with respect to Loans already outstanding: to Convert, in whole or in part, ABR Loans to Eurodollar Loans; to Convert, in whole or in part, Eurodollar
Loans to ABR Loans on the last day of the Interest Period applicable thereto; and to Continue, in whole or in part, Eurodollar Loans beyond the expiration of such Interest Period by designating a new Interest Period to take effect at the time of
such expiration. In making such elections, the Borrower may combine existing Loans made pursuant to separate Borrowings into one new Borrowing or divide existing Loans made pursuant to one Borrowing into separate new Borrowings, provided,
that (i) the Borrower may have no more than eight (8) Borrowings of Eurodollar Loans outstanding at any time, (ii) the aggregate amount of all ABR Loans in any Borrowing must be equal to $1,000,000 or any higher integral
multiple of $500,000, and (iii) the aggregate amount of all Eurodollar Loans in any Borrowing must be equal to $3,000,000 or any higher integral multiple of $1,000,000. To make any such election, the Borrower must give to the Administrative
Agent written notice (or telephonic notice promptly confirmed in writing) of any such Conversion or Continuation of existing Loans, with a separate notice given for each new Borrowing. Each such notice must: 

(a) specify the existing Loans which are to be Continued or Converted; 

(b) specify (i) the aggregate amount of any Borrowing of ABR Loans into which such existing Loans are to be Converted and the date
on which such Conversion is to occur, or (ii) the aggregate amount of any Borrowing of Eurodollar Loans into which such existing Loans are to be Continued or Converted, the date on which such Continuation or Conversion is to occur (which shall
be the first day of the Interest Period which is to apply to such Eurodollar Loans), and the length of the applicable Interest Period; and 
 (c) be received by the Administrative Agent not later than 11:00 a.m. on (i) the day on which any such Conversion to ABR Loans is to occur, or (ii) the third Business Day preceding the day on
which any such Continuation or Conversion to Eurodollar Loans is to occur. 
 Each such written request or confirmation must be
made in the form and substance of the Loan Notice, duly completed. Each telephonic request shall be deemed a representation, warranty, acknowledgment and agreement by the Borrower as to the matters which are required to be set out in such written
confirmation. Upon receipt of any such Loan Notice, the Administrative Agent shall give each Lender prompt notice of the terms thereof. Each Loan Notice shall be irrevocable and binding on the Borrower. During the continuance of any Default, the
Borrower may not make any election to Convert existing Loans into Eurodollar Loans or Continue existing Loans as Eurodollar Loans beyond the expiration of their respective and corresponding Interest Period then in effect. If (due to the existence of
a Default or for any other reason) the Borrower fails to timely and properly give any Loan Notice with respect to a Borrowing of existing Eurodollar Loans at least three Business Days prior to the end of the


  
 42 









 EXHIBIT A TO AMENDMENT NO. 2 TO CREDIT AGREEMENT 

 

 
Interest Period applicable thereto, such Eurodollar Loans, to the extent not prepaid at the end of such Interest Period, shall automatically be Converted into ABR Loans at the end of such
Interest Period. If no Interest Period is specified in any such notice with respect to any conversion to or continuation as a Eurodollar Borrowing, the Borrower shall be deemed to have selected an Interest Period of one month’s duration. No new
funds shall be repaid by the Borrower or advanced by any Lender in connection with any Continuation or Conversion of existing Loans pursuant to this Section, and no such Continuation or Conversion shall be deemed to be a new advance of funds for any
purpose; such Continuations and Conversions merely constitute a change in the interest rate, Interest Period or Type applicable to already outstanding Loans. 
 2.05 Use of Proceeds. The Borrower shall use the proceeds of all Loans to (a) fund the Acquisition and (b) for working capital, capital expenditures and other lawful corporate purposes
(including Restricted Payments and payment of the purchase price and related expenses of permitted acquisitions), including, at the option of the Borrower, for the payment of the fees and expenses incurred in connection with the Acquisition, the
Term Loan Credit Agreement, this Agreement and other transactions incidental thereto. 
 2.06 Prepayments of Loans. 

(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 (other than Eurodollar Loan breakage costs, if any, pursuant to Section 3.05) if (i) such notice is received by the Administrative Agent not later than 1:00 p.m. three
Business Days prior to any date of prepayment; and (ii) any partial prepayment is in a principal amount of $3,000,000 or a whole multiple of $1,000,000 in excess thereof or, if less, the entire principal amount thereof then outstanding. Each
such notice must specify the date and amount of such prepayment and the Loans to be prepaid. The Administrative Agent shall promptly notify each Lender of its receipt of each such notice, and of the amount of such Lender’s Applicable Percentage
of such prepayment. Any prepayment of a Loan must be accompanied by all accrued interest thereon. No Lender may reject any voluntary prepayment pursuant to this Section 2.06. 

(b) [Reserved] 

(c) Mandatory Prepayment upon Facility Usage Exceeding Aggregate Commitments. If the sum of the Facility Usage exceeds the
Aggregate Commitments, the Borrower shall, within one Business Day after the occurrence of that event, first, repay or prepay the Loans, and second, replace or Cash Collateralize outstanding Letters of Credit in accordance with the procedures set
forth in Section 2.11, in an amount sufficient to eliminate the excess. 
 (d) [Reserved] 

(e) Application of Prepayments. Any prepayment of a Loan pursuant to this Section 2.06 shall be applied to reduce the
principal on the Loan (but without reduction of the Commitments) and shall be applied first to ABR Loans to the full extent thereof before application to Eurodollar Loans, in each case in a manner which minimizes the amount of any payments required
to be made by the Borrower pursuant to Section 3.05. 

  
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 EXHIBIT A TO AMENDMENT NO. 2 TO CREDIT AGREEMENT 

 

 2.07 Letters of Credit. Subject to the terms and conditions hereof, from the Closing
Date until the date 30 days prior to the Maturity Date, the Borrower may request the LC Issuer to issue, amend, or extend the expiration date of, one or more Letters of Credit for the account of the Borrower or any or its Restricted Subsidiaries,
provided that: 
 (a) after taking such Letter of Credit into account (i) the aggregate amount of all outstanding LC
Obligations does not exceed $50,000,000 and (ii) the Facility Usage does not exceed the Aggregate Commitments at such time; 
 (b) the expiration date of such Letter of Credit is prior to the earlier of (i) 365 days after the issuance thereof, provided that such Letter of Credit may provide for automatic extensions of
such expiration date (such Letter of Credit, an “Auto-Extension Letter of Credit”) for additional periods of 365 days thereafter, and (ii) five Business Days prior to the end of the Commitment Period; 

(c) the issuance of such Letter of Credit will be in compliance with all applicable governmental restrictions, policies, and guidelines
and will not subject LC Issuer to any cost that is not reimbursable under Article III; 
 (d) such Letter of Credit is in
form and upon terms as shall be acceptable to LC Issuer in its sole and absolute discretion; 
 (e) the LC issuer has received a
Letter of Credit request at least three Business Days (or such shorter period as may be agreed by the LC Issuer) prior to the proposed date of issuance of such Letter of Credit; and 

(f) all other conditions in this Agreement to the issuance of such Letter of Credit have been satisfied. 

LC Issuer will honor any such request if the foregoing conditions (a) through (e) (the “LC Conditions”) have been met as of
the date of issuance, amendment, or extension of such Letter of Credit. 
 2.08 Requesting Letters of Credit. The Borrower must
make a written request for any Letter of Credit at least three Business Days (or such shorter period as may be agreed upon by the LC Issuer) before the date on which the Borrower desires the LC Issuer to issue such Letter of Credit. By making any
such written request, unless otherwise expressly stated therein, the Borrower shall be deemed to have represented and warranted that the LC Conditions will be met as of the date of issuance of such Letter of Credit. Each such written request for a
Letter of Credit must be made in the form of the Letter of Credit Request. If all LC Conditions for a Letter of Credit have been met on any Business Day before 11:00 a.m., LC Issuer will issue such Letter of Credit on the same Business Day at LC
Issuer’s Lending Office. If the LC Conditions are met on any Business Day on or after 11:00 a.m., LC Issuer will issue such Letter of Credit on the next succeeding Business Day at LC Issuer’s Lending Office. If any provisions of any Letter
of Credit Request conflict with any provisions of this Agreement, the provisions of this Agreement shall govern and control. Unless otherwise directed by the LC Issuer, the Borrower shall not be required to make a specific request to the LC Issuer
for any extension of an Auto-Extension Letter of Credit. Once an Auto-Extension Letter of Credit has been issued, 

  
 44 









 EXHIBIT A TO AMENDMENT NO. 2 TO CREDIT AGREEMENT 

 

 
the Lenders shall be deemed to have authorized (but may not require) the LC Issuer to permit the extension of such Letter of Credit at any time to an expiry date not later than five Business Days
prior to the end of the Commitment Period; provided, however, that the LC Issuer shall not permit any such extension if (a) the LC Issuer has determined that it would not be permitted at such time to issue such Letter of Credit in
its revised form (as extended) under the terms hereof, or (b) it has received notice from the Administrative Agent, any Lender or the Borrower (which may be by telephone or in writing) on or before the day that is five Business Days before the
last day in which notice of non-extension for such Letter of Credit may be given that one or more of the applicable conditions specified in Section 4.01 is not then satisfied, and directing the LC Issuer not to permit such extension.

 2.09 Reimbursement and Participations. 
 (a) Reimbursement. Each Matured LC Obligation shall constitute a loan by the LC Issuer to the Borrower. The Borrower promises to pay to the LC Issuer, or to the LC Issuer’s order, on demand,
the full amount of each Matured LC Obligation together with interest thereon (i) at the Alternate Base Rate plus the Applicable Rate for ABR Loans to and including the second Business Day after the Matured LC Obligation is incurred, subject to
Section 2.09(b), and (ii) at the Default Rate applicable to ABR Loans on each day thereafter. 
 (b) Letter
of Credit Advances. If the beneficiary of any Letter of Credit makes a draft or other demand for payment thereunder, then the Borrower shall be deemed to have requested the Lenders to make Loans to the Borrower in the amount of such draft or
demand, which Loans shall be made concurrently with the LC Issuer’s payment of such draft or demand and shall be immediately used by the LC Issuer to repay the amount of the resulting Matured LC Obligation. Such deemed request by the Borrower
shall be made in compliance with all of the provisions hereof, provided that for the purposes of the first sentence of Section 2.01, the amount of such Loans shall be considered, but the amount of the Matured LC Obligation to be
concurrently paid by such Loans shall not be considered. 
 (c) Participation by Lenders. The LC Issuer irrevocably
agrees to grant and hereby grants to each Lender, and, to induce the LC Issuer to issue Letters of Credit hereunder, each Lender irrevocably agrees to accept and purchase and hereby accepts and purchases from the LC Issuer, on the terms and
conditions hereinafter stated and for such Lender’s own account and risk an undivided interest equal to such Lender’s Applicable Percentage of the LC Issuer’s obligations and rights under each Letter of Credit issued hereunder and the
amount of each Matured LC Obligation paid by the LC Issuer thereunder. Each Lender unconditionally and irrevocably agrees with the LC Issuer that, if a Matured LC Obligation is paid under any Letter of Credit for which the LC Issuer is not
reimbursed in full by the Borrower in accordance with the terms of this Agreement (including any reimbursement by means of concurrent Loans or by the application of LC Collateral), such Lender shall (in all circumstances and without set-off or
counterclaim) pay to the LC Issuer on demand, in immediately available funds at the LC Issuer’s Lending Office, such Lender’s Applicable Percentage of such Matured LC Obligation (or any portion thereof that has not been reimbursed by the
Borrower). Each Lender’s obligation to pay the LC Issuer pursuant to the terms of this subsection is irrevocable and unconditional. If any amount required to be paid by any Lender to the LC Issuer pursuant to this subsection is paid by such
Lender to the LC Issuer within three Business Days after the date such payment is due, the 

  
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 EXHIBIT A TO AMENDMENT NO. 2 TO CREDIT AGREEMENT 

 

 
LC Issuer shall, in addition to such paid amount, be entitled to recover from such Lender, on demand, interest thereon calculated from such due date at the Federal Funds Rate. If any amount
required to be paid by any Lender to the LC Issuer pursuant to this subsection is not paid by such Lender to the LC Issuer within three Business Days after the date such payment is due, the LC Issuer shall, in addition to such amount to be paid, be
entitled to recover from such Lender, on demand, interest thereon calculated from such due date at the Alternate Base Rate plus the Applicable Rate for ABR Loans. 
 (d) Distributions to Participants. Whenever the LC Issuer has in accordance with this Section received from any Lender payment of such Lender’s Applicable Percentage of any Matured LC
Obligation, if the LC Issuer thereafter receives any payment of such Matured LC Obligation or any payment of interest thereon (whether directly from the Borrower or by application of LC Collateral or otherwise, and excluding only interest for any
period prior to the LC Issuer’s demand that such Lender make such payment of its Applicable Percentage), the LC Issuer will distribute to such Lender its Applicable Percentage of the amounts so received by the LC Issuer; provided,
however, that if any such payment received by the LC Issuer must thereafter be returned by the LC Issuer, such Lender shall return to the LC Issuer the portion thereof that the LC Issuer has previously distributed to it. 

(e) Calculations. A written advice setting forth in reasonable detail the amounts owing under this Section, submitted by the LC
Issuer to the Borrower or any Lender from time to time, shall be conclusive, absent manifest error, as to the amounts thereof. 

(f) Obligations Absolute. The Borrower’s obligation to reimburse Matured LC Obligations shall be absolute, unconditional and
irrevocable, and shall be performed strictly in accordance with the terms of this Agreement under any and all circumstances whatsoever and irrespective of (i) any lack of validity or enforceability of any Letter of Credit or this Agreement, or
any term or provision therein, (ii) any draft or other document presented under a Letter of Credit proving to be forged, fraudulent or invalid in any respect or any statement therein being untrue or inaccurate in any respect, (iii) payment
by the LC Issuer under a Letter of Credit against presentation of a draft or other document that does not comply with the terms of such Letter of Credit, or (iv) any other event or circumstance whatsoever, whether or not similar to any of the
foregoing, that might, but for the provisions of this Section, constitute a legal or equitable discharge of, or provide a right of setoff against, the Borrower’s obligations hereunder. Neither the Administrative Agent, the Lenders nor the LC
Issuer, nor any of their Related Parties, shall have any liability or responsibility by reason of or in connection with the issuance or transfer of any Letter of Credit or any payment or failure to make any payment thereunder (irrespective of any of
the circumstances referred to in the preceding sentence), or any error, omission, interruption, loss or delay in transmission or delivery of any draft, notice or other communication under or relating to any Letter of Credit (including any document
required to make a drawing thereunder), any error in interpretation of technical terms or any consequence arising from causes beyond the control of the LC Issuer; provided, that the foregoing shall not be construed to excuse the LC Issuer
from liability to the Borrower to the extent of any direct damages (as opposed to consequential damages, claims in respect of which are hereby waived by the Borrower to the extent permitted by applicable law) suffered by the Borrower that are caused
by the LC Issuer’s failure to exercise care when determining whether drafts and other documents presented under a Letter of Credit comply with the terms thereof. The parties hereto expressly


  
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 EXHIBIT A TO AMENDMENT NO. 2 TO CREDIT AGREEMENT 

 

 
agree that, in the absence of gross negligence or willful misconduct on the part of the LC Issuer (as finally determined by a court of competent jurisdiction), the LC Issuer shall be deemed to
have exercised care in each such determination. In furtherance of the foregoing and without limiting the generality thereof, the parties agree that, with respect to documents presented that appear on their face to be in substantial compliance with
the terms of a Letter of Credit, the LC Issuer may, in its sole discretion, either accept and make payment upon such documents without responsibility for further investigation, regardless of any notice or information to the contrary, or refuse to
accept and make payment upon such documents if such documents are not in strict compliance with the terms of such Letter of Credit. 
 2.10 No Duty to Inquire. 
 (a) Drafts and Demands. The LC Issuer is
authorized and instructed to accept and pay drafts and demands for payment under any Letter of Credit without requiring, and without responsibility for, any determination as to the existence of any event giving rise to said draft, either at the time
of acceptance or payment or thereafter. The LC Issuer is under no duty to determine the proper identity of anyone presenting such a draft or making such a demand (whether by tested telex or otherwise) as the officer, representative or agent of any
beneficiary under any Letter of Credit, and payment by the LC Issuer to any such beneficiary when requested by any such purported officer, representative or agent is hereby authorized and approved. The Borrower releases the LC Issuer and each Lender
from, and agrees to hold the LC Issuer 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 the LC Issuer or any Lender, provided only that neither the LC Issuer nor any Lender shall be entitled to indemnification for that
portion, if any, of any liability or claim that is proximately caused by its own individual gross negligence or willful misconduct, as determined in a final judgment. 
 (b) Extension of Maturity. If the maturity of any Letter of Credit is extended by its terms or by Law or governmental action, if any extension of the maturity or time for presentation of drafts or
any other modification of the terms of any Letter of Credit is made at the request of the Borrower, or if the amount of any Letter of Credit is increased or decreased at the request of the Borrower, this Agreement shall be binding upon all
Restricted Persons with respect to such Letter of Credit as so extended, increased, decreased or otherwise modified, with respect to drafts and property covered thereby, and with respect to any action taken by the LC Issuer, the LC Issuer’s
correspondents, or any Lender in accordance with such extension, increase, decrease or other modification. 
 (c) Transferees
of Letters of Credit. If any Letter of Credit provides that it is transferable, the LC Issuer shall have no duty to determine the proper identity of anyone appearing as transferee of such Letter of Credit, nor shall the LC Issuer be charged with
responsibility of any nature or character for the validity or correctness of any transfer or successive transfers, and payment by the LC Issuer to any purported transferee or transferees as determined by the LC Issuer is hereby authorized and
approved, and the Borrower releases the LC Issuer and each Lender from, and agrees to hold the LC Issuer and each Lender harmless and indemnified against, any liability or claim in connection with or arising out of the foregoing,


  
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 EXHIBIT A TO AMENDMENT NO. 2 TO CREDIT AGREEMENT 

 

 
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 LC Issuer or
any Lender, provided only that neither the LC Issuer nor any Lender shall 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. 
 2.11 LC Collateral. 
 (a) Acceleration of LC Obligations. If the Obligations or any part thereof become immediately due and payable pursuant to Section 8.02, then, unless the Administrative Agent, acting on
the instruction of Majority Lenders, shall otherwise specifically elect to the contrary (which election may thereafter be retracted by the Administrative Agent, acting on the instruction of Majority Lenders, at any time), the Borrower shall be
obligated to pay to the LC Issuer immediately an amount equal to the aggregate LC Obligations that are then outstanding to be held as LC Collateral. Nothing in this subsection shall, however, limit or impair any rights that the LC Issuer may have
under any other document or agreement relating to any Letter of Credit, LC Collateral or LC Obligation, including any Letter of Credit Request, or any rights which the LC Issuer or any Lender may have to otherwise apply any payments by the Borrower
and any LC Collateral under Section 2.14. 
 (b) Investment of LC Collateral. Pending application thereof,
all LC Collateral shall be invested by the LC Issuer in such Cash Equivalents as the LC Issuer may choose in its sole discretion. All interest on (and other proceeds of) such Investments shall be reinvested or applied to Matured LC Obligations or
other Obligations that are due and payable. When all Obligations have been satisfied in full, including all LC 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 LC Issuer shall release to the Borrower any remaining LC Collateral. The Borrower hereby assigns and grants to the LC Issuer for the benefit of the Lenders a continuing security interest in all LC
Collateral paid by it to the LC Issuer, all Investments purchased with such LC Collateral, and all proceeds thereof to secure its Matured LC Obligations and its Obligations under this Agreement, each Note, and the other Loan Documents. The Borrower
further agrees that the LC Issuer shall have all of the rights and remedies of a secured party under the UCC 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. 
 (c) Payment of LC Collateral. If the Borrower is required to provide LC Collateral for any reason
but fails to do so as required, the LC Issuer or the Administrative Agent may, without prior notice to the Borrower or any other Restricted Person, provide such LC Collateral (whether by transfers from other accounts maintained with the LC Issuer,
or otherwise) using any available funds of the Borrower or any other Person also liable to make such payments, and the LC Issuer or the Administrative Agent will give notice thereof to the Borrower promptly after such application or transfer. Any
such amounts that are required to be provided as LC Collateral and that are not provided on the date required shall be considered past due Obligations owing hereunder. 

  
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 EXHIBIT A TO AMENDMENT NO. 2 TO CREDIT AGREEMENT 

 

 2.12 Interest Rates and Fees. 

(a) Interest Rates. Unless the Default Rate shall apply, (i) each ABR Loan shall bear interest on each day outstanding at the
Alternate Base Rate plus the Applicable Rate for ABR Loans in effect on such day, (ii) each Eurodollar Loan shall bear interest on each day during the related Interest Period at the related Adjusted LIBO Rate plus the Applicable Rate for
Eurodollar Loans in effect on such day, and (iii) each Swingline Loan shall bear interest on each day outstanding at the Alternate Base Rate plus the Applicable Rate for ABR Loans in effect on such day, with accrued unpaid interest being due
and payable on each Interest Payment Date, upon prepayment or repayment on the principal amount so prepaid or repaid, and, on past due amounts, on demand. The interest rate shall change whenever the applicable Alternate Base Rate, the Applicable
Rate for ABR Loans, the Adjusted LIBO Rate, or the Applicable Rate for Eurodollar Loans changes. In no event shall the interest rate on any Loan exceed the Maximum Rate. 
 (b) Commitment Fees. In consideration of each Lender’s commitment to make Loans, the Borrower shall pay to the Administrative Agent for the account of each Lender a commitment fee determined
on a daily basis equal to the Applicable Rate for commitment fees in effect on such day times such Lender’s Applicable Percentage of the unused portion of the Aggregate Commitments on each day during the Commitment Period, determined for each
such day by deducting from the amount of the Aggregate Commitments at the end of such day the Facility Usage. Solely for purposes of calculating the commitment fee pursuant to this subsection, the aggregate amount of outstanding Swingline Loans
shall not be included in the determination of Facility Usage. This commitment fee shall be due and payable in arrears on the last Business Day of each Fiscal Quarter and at the end of the Commitment Period. 

(c) Letter of Credit Fees. The Borrower shall pay to the Administrative Agent, for the account of all Lenders in accordance with
their respective Applicable Percentages, a letter of credit fee at an annual rate equal to the Applicable Rate for Eurodollar Loans in effect each day times the face amount of such Letter of Credit (“LC Participation Fee”). The LC
Participation Fee will be payable in arrears on the last Business Day of each Fiscal Quarter. In addition, the Borrower will pay to the LC Issuer an administrative issuance fee equal to the greater of (i) $150 and (ii) 0.25% per annum
of the face amount of each Letter of Credit and such other fees and charges customarily charged by the LC Issuer in respect of any issuance, amendment or negotiation of any Letter of Credit in accordance with the LC Issuer’s published schedule
of such charges effective as of the date of such amendment or negotiation; such fees will be payable in arrears on the last Business Day of each Fiscal Quarter. 
 (d) Administrative Agent’s Fees. In addition to all other amounts due to the Administrative Agent under the Loan Documents, the Borrower shall pay fees to the Administrative Agent as described
in the Fee Letter. 
 (e) Calculations and Determinations. All calculations of interest chargeable with respect to
Eurodollar Loans and of fees shall be made on the basis of actual days elapsed (including the first day but excluding the last day) and a year of 360 days. All calculations under the Loan Documents of interest chargeable with respect to the ABR
Loans shall be made on the basis of actual days elapsed (including the first day but excluding the last day) and a year of 365 or 366 days, as appropriate. 

  
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 EXHIBIT A TO AMENDMENT NO. 2 TO CREDIT AGREEMENT 

 

 (f) Past Due Obligations. The Borrower hereby promises to pay to each Lender
interest at the Default Rate on all Obligations (including Obligations to pay fees or to reimburse or indemnify any Lender) that the Borrower has in this Agreement promised to pay to such Lender and that are not paid when due. Such interest shall
accrue from the date such Obligations become due until they are paid. 
 2.13 Evidence of Debt. 

(a) Credit Extensions. The Credit Extensions made by each Lender shall be evidenced by one or more accounts or records maintained
by such Lender and by the Administrative Agent in the ordinary course of business. Subject to Section 10.06(c), 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 to so 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 Obligations. In the event of any conflict between the accounts and records maintained by any Lender and the accounts and records of the Administrative Agent in respect of such matters, the accounts and
records of the Administrative Agent shall control in the absence of manifest error. Upon the request of any Lender made through the Administrative Agent, the Borrower shall execute and deliver to such Lender (through the Administrative Agent) a Note
(in the form of Exhibit F-1 in the case of Loans and in the form of Exhibit F-2 in the case of Swingline Loans), which shall evidence such Lender’s Loans in addition to such accounts or records. Each Lender may attach schedules to
its Note and endorse thereon the date, Type (if applicable), amount and maturity of its Loans and payments with respect thereto. 
 (b) Letters of Credit. In addition to the accounts and records referred to in Section 2.13(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 in the absence of manifest error. 
 2.14 Payments Generally; Administrative Agent’s Clawback. 
 (a)
General. 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 (i) with respect to Loans, to the Administrative Agent, for the account of the respective Lenders to which such payment is owed and (ii) with respect to Swingline Loans, to the Swingline Lender. Each such payment shall be made at the
Administrative Agent’s Office or the Swingline Lender’s Office, as applicable, in Dollars and in immediately available funds not later than 12:00 p.m. on the date specified herein. Subject to Section 2.17, the Administrative
Agent will promptly distribute to each Lender its Applicable Percentage (or other applicable share as provided herein) of each such payment with respect to Loans in like funds as received by wire transfer to such Lender’s Lending Office. All
payments received by the Administrative Agent after 12:00 p.m. 

  
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 EXHIBIT A TO AMENDMENT NO. 2 TO CREDIT AGREEMENT 

 

 
may, in the Administrative Agent’s sole discretion, be deemed received on the next succeeding Business Day and any applicable interest or fee shall continue to accrue. Except as otherwise
provided in this Agreement, 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 applicable. 
 (b) (i) Funding by Lenders; Presumption by Administrative Agent. Unless the Administrative
Agent shall have received notice from a Lender prior to the proposed time of any Borrowing that such Lender will not make available to the Administrative Agent such Lender’s share of such Borrowing, the Administrative Agent may assume that such
Lender has made such share available on such date in accordance with Section 2.01 and Section 2.03 and may, in reliance upon such assumption, make available to the Borrower a corresponding amount. In such event, if a Lender
has not in fact made its share of the applicable Borrowing available to the Administrative Agent, then the applicable Lender and the Borrower severally agree to pay to the Administrative Agent forthwith on demand such corresponding amount in
immediately available funds with interest thereon, for each day from and including the date such amount is made available to the Borrower to but excluding the date of payment to the Administrative Agent, at (A) in the case of a payment to be
made by such Lender, the greater of the Federal Funds Rate and a rate determined by the Administrative Agent in accordance with banking industry rules on interbank compensation and (B) in the case of a payment to be made by the Borrower, the
interest rate applicable to ABR Loans. If the Borrower and such Lender shall pay such interest to the Administrative Agent for the same or an overlapping period, the Administrative Agent shall promptly remit to the Borrower the amount of such
interest paid by the Borrower for such period. If such Lender pays its share of the applicable Borrowing to the Administrative Agent, then the amount so paid shall constitute such Lender’s Loan included in such Borrowing. Any payment by the
Borrower shall be without prejudice to any claim the Borrower may have against a Lender that shall have failed to make such payment to the Administrative Agent. 
 (ii) Payments by Borrower; Presumptions by Administrative Agent. Unless the Administrative Agent shall have received notice from the Borrower prior to the date on which any payment is due to
the Administrative Agent for the account of the Lenders or the LC Issuer hereunder that the Borrower will not make such payment, the Administrative Agent may assume that the Borrower has made such payment on such date in accordance herewith and may,
in reliance upon such assumption, distribute to the Lenders or the LC Issuer, as the case may be, the amount due. In such event, if the Borrower has not in fact made such payment, then each of the Lenders or the LC Issuer, as the case may be,
severally agrees to repay to the Administrative Agent forthwith on demand the amount so distributed to such Lender or the LC Issuer, in immediately available funds with interest thereon, for each day from and including the date such amount is
distributed to it to but excluding the date of payment to the Administrative Agent, at the greater of the Federal Funds Rate and a rate determined by the Administrative Agent in accordance with banking industry rules on interbank compensation.

 A notice of the Administrative Agent to any Lender or the Borrower with respect to any amount owing under this subsection
(b) shall be conclusive, absent manifest error. 

  
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 EXHIBIT A TO AMENDMENT NO. 2 TO CREDIT AGREEMENT 

 

 (c) Failure to Satisfy Conditions Precedent. 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 such funds are not made available to the Borrower by the Administrative Agent because 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. 
 (d) Obligations of Lenders Several. The obligations of the Lenders hereunder to make Loans, to fund
participations in Letters of Credit and to make payments pursuant to Section 10.04(c) are several and not joint. The failure of any Lender to make any Loan, to fund any such participation or to make any payment under
Section 10.04(c) 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, to
purchase its participation or to make its payment under Section 10.04(c). 
 (e) Funding Source. 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. 
 2.15 Sharing of Payments by Lenders. If any Lender shall, by exercising any right of setoff or counterclaim or
otherwise, obtain payment in respect of any principal of or interest on any of the Loans made by it, or the participations in LC Obligations held by it resulting in such Lender’s receiving payment of a proportion of the aggregate amount of such
Loans or participations and accrued interest thereon greater than its pro rata share thereof as provided herein, then the Lender receiving such greater proportion shall (A) notify the Administrative Agent of such fact, and
(B) purchase (for cash at face value) participations in the Loans and subparticipations in LC Obligations of the other Lenders, or make such other adjustments as shall be equitable, so that the benefit of all such payments shall be shared by
the Lenders ratably in accordance with the aggregate amount of principal of and accrued interest on their respective Loans and other amounts owing them, provided that: 
 (a) if any such participations or subparticipations are purchased and all or any portion of the payment giving rise thereto is recovered, such participations or subparticipations shall be rescinded and
the purchase price restored to the extent of such recovery, without interest; and 
 (b) the provisions of this Section shall
not be construed to apply to (i) any payment made by the Borrower pursuant to and in accordance with the express terms of this Agreement or (ii) any payment obtained by a Lender as consideration for the assignment or sale of a
participation in any of its Loans or subparticipations in LC Obligations to any assignee or participant, other than to the Borrower or any Subsidiary thereof (as to which the provisions of this Section shall apply). 

Each Restricted Person consents to the foregoing and agrees, to the extent it may effectively do so under applicable law, that any Lender
acquiring a participation pursuant to the foregoing arrangements may exercise against such Restricted Person rights of setoff and counterclaim with respect to such participation as fully as if such Lender were a direct creditor of such Restricted
Person in the amount of such participation. 

  
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 EXHIBIT A TO AMENDMENT NO. 2 TO CREDIT AGREEMENT 

 

 2.16 Reductions in Commitment. The Borrower shall have the right from time to time to
permanently reduce the Aggregate Commitments, without penalty, provided that (i) notice of such reduction is given not less than two Business Days prior to such reduction, (ii) the resulting Aggregate Commitments are not less than
the Facility Usage, and (iii) each partial reduction shall be in an amount at least equal to $3,000,000 and in multiples of $1,000,000 in excess thereof. 
 2.17 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) the Commitment Fee shall cease to accrue on the Commitment of such Lender so long as it is a Defaulting Lender (except to the extent it is payable to the LC Issuer pursuant to clause (b)(v)
below); 
 (b) if any Swingline Loans or LC Obligations are outstanding at the time a Lender becomes a Defaulting Lender then:

 (i) if no Default has occurred and is continuing, all or any part of such outstanding Swingline Loans and LC
Obligations shall be reallocated among the non-Defaulting Lenders in accordance with their respective Applicable Percentages but only to the extent the Facility Usage (excluding the Defaulting Lender’s Applicable Percentage of the Facility
Usage) plus such Defaulting Lender’s Applicable Percentage of such outstanding Swingline Loans and LC Obligations does not exceed the total of all non-Defaulting Lenders’ Commitments; 

(ii) if the reallocation described in clause (i) above cannot, or can only partially, be effected (whether by reason
of the occurrence and continuance of a Default or the non-Defaulting Lenders’ Commitments being exceeded by such reallocation), Borrower shall within one Business Day following notice by the Administrative Agent (x) first, prepay the
Defaulting Lender’s Applicable Percentage of the outstanding Swingline Loans and (y) second, Cash Collateralize the Defaulting Lender’s Applicable Percentage of the LC Obligations (after giving effect to any partial reallocation
pursuant to clause (i) above) in accordance with the procedures set forth in Section 2.11 for so long as such LC Obligations are outstanding; 
 (iii) if any portion of the Defaulting Lender’s Applicable Percentage of the LC Obligations is Cash Collateralized pursuant to clause (ii) above, Borrower shall not be required to pay any
LC Participation Fee with respect to the Applicable Percentage of the Defaulting Lender’s LC Obligations so long as it is Cash Collateralized; 
 (iv) if any portion of the Defaulting Lender’s Applicable Percentage of the outstanding LC Obligations is reallocated to the non-Defaulting Lenders pursuant to clause (i) above, then the
LC Participation Fee with respect to such portion shall be allocated among the non-Defaulting Lenders in accordance with their Applicable Percentages; or 

  
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 EXHIBIT A TO AMENDMENT NO. 2 TO CREDIT AGREEMENT 

 

 (v) if any portion of such Defaulting Lender’s Applicable
Percentage of the outstanding LC Obligations is neither Cash Collateralized nor reallocated pursuant to this Section 2.17(b), then, without prejudice to any rights or remedies of the LC Issuer or any Lender hereunder, the LC
Participation Fee payable with respect to such Defaulting Lender’s Applicable Percentage of the outstanding LC Obligations shall be payable to the LC Issuer until such portion of the Defaulting Lender’s Applicable Percentage of the
outstanding LC Obligations is Cash Collateralized and/or reallocated; 
 (c) so long as any Lender is a Defaulting Lender, the
Swingline Lender shall not be required to fund any Swingline Loan and the LC Issuer shall not be required to issue, amend or increase any Letter of Credit, unless it is satisfied that the related exposure will be 100% covered by the Commitments of
the non-Defaulting Lenders and/or Cash Collateralized in accordance with Section 2.17(b), and participations in any such newly issued or increased Letter of Credit or newly made Swingline Loan shall be allocated among non-Defaulting
Lenders in accordance with their respective Applicable Percentages (and Defaulting Lenders shall not participate therein); and 

(d) any amount payable to such Defaulting Lender hereunder (whether on account of principal, interest, fees or otherwise and including
any amount that would otherwise be payable to such Defaulting Lender pursuant to Section 2.15 but excluding Section 10.13(b)) may, in lieu of being distributed to such Defaulting Lender, be retained by the Administrative
Agent and, subject to any applicable requirements of Law, be applied (i) first, to the payment of any amounts owing by such Defaulting Lender to the Administrative Agent hereunder, (ii) second, pro rata, to the payment of any
amounts owing by such Defaulting Lender to the LC Issuer or Swingline Lender hereunder, (iii) third, to the funding of any Loan or the funding or Cash Collateralization of any participation in any Swingline Loan or Letter of Credit in
respect of which such Defaulting Lender has failed to fund its portion thereof as required by this Agreement, as determined by the Administrative Agent and (iv) fourth, to such Defaulting Lender or as otherwise directed by a court of
competent jurisdiction; provided that if such payment is (x) a prepayment of the principal amount of any Loans or reimbursement obligations under Section 2.09(a) in respect of an LC Credit Extension which a Defaulting Lender
has funded its participation obligations and (y) made at a time when the conditions set forth in Section 4.02 are satisfied, such payment shall be applied solely to prepay the Loans of, and reimbursement obligations under
Section 2.09(a) owed to, all non-Defaulting Lenders pro rata prior to being applied to the prepayment of any Loans, or reimbursement obligations under Section 2.09(a) owed to, any Defaulting Lender. 

In the event that the Administrative Agent, Borrower, the LC Issuer or the Swingline Lender, as the case may be, each agrees that a Defaulting Lender has
adequately remedied all matters that caused such Lender to be a Defaulting Lender, then the Applicable Percentages of the outstanding Swingline Loans and LC Obligations of the Lenders shall be readjusted to reflect the inclusion of such
Lender’s Commitment and on such date such Lender shall purchase at par such of the Loans of the other Lenders as the Administrative Agent shall determine may be necessary 

  
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 EXHIBIT A TO AMENDMENT NO. 2 TO CREDIT AGREEMENT 

 

 
in order for such Lender to hold such Loans in accordance with its Applicable Percentage. The rights and remedies against a Defaulting Lender under this Section 2.17 are in addition
to other rights and remedies that Borrower, the Administrative Agent, the LC Issuer, the Swingline Lender and the non-Defaulting Lenders may have against such Defaulting Lender. The arrangements permitted or required by this Section 2.17
shall be permitted under this Agreement, notwithstanding any limitation on Liens or the pro rata sharing provisions or otherwise. 
 2.18 Increase of Commitments. 
 (a) The Borrower shall have the option, without the
consent of the Lenders, from time to time to cause one or more increases in the Aggregate Commitments by adding, subject to the prior approval of the Administrative Agent (such approval not to be unreasonably withheld), to this Agreement one or more
financial institutions as Lenders (collectively, the “New Lenders”) or by allowing one or more Lenders to increase their respective Commitments, subject to the satisfaction of the following conditions: 

(i) prior to and after giving effect to the increase, no Default or Event of Default shall have occurred hereunder and be
continuing; 
 (ii) no such increase shall cause the aggregate increases in Commitments pursuant to this
Section 2.18 to exceed $100,000,000; 
 (iii) no Lender’s Commitment shall be increased without
such Lender’s consent; 
 (iv) no more than three requests may be made for increases in Commitments pursuant
to this Section 2.18; and 
 (v) such increase shall be evidenced by an incremental commitment
agreement in form and substance reasonably acceptable to the Administrative Agent and executed by the Borrower, the Administrative Agent, New Lenders, if any, and Lenders increasing their Commitments, if any, and which shall indicate the amount and
allocation of such increase in the Aggregate Commitments and the effective date of such increase (the “Increase Effective Date”). 
 Each financial institution that becomes a New Lender pursuant to this Section by the execution and delivery to the Administrative Agent of the applicable incremental commitment agreement shall be a
“Lender” for all purposes under this Agreement on the applicable Increase Effective Date. The Borrower shall borrow and prepay Loans on each Increase Effective Date (and pay any additional amounts required pursuant to
Section 3.05) to the extent necessary to keep the outstanding Loans of each Lender ratable with such Lender’s revised Applicable Percentage after giving effect to any nonratable increase in the Aggregate Commitments under this
Section. 

  
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 EXHIBIT A TO AMENDMENT NO. 2 TO CREDIT AGREEMENT 

 

 (b) As a condition precedent to each increase pursuant to subsection (a) above, the
Borrower shall deliver to the Administrative Agent, to the extent requested by the Administrative Agent, the following in form and substance satisfactory to the Administrative Agent: 

(i) a certificate dated as of the Increase Effective Date, signed by a Responsible Officer of the Borrower certifying that
each of the conditions to such increase set forth in this Section shall have occurred and been complied with and that, before and after giving effect to such increase, (A) the representations and warranties contained in this Agreement and the
other Loan Documents are true and correct in all material respects on and as of the Increase Effective Date after giving effect to such increase, except to the extent that such representations and warranties specifically refer to an earlier date, in
which case they were true and correct in all material respects as of such earlier date, and (B) no Default or Event of Default exists; 
 (ii) such certificates of resolutions or other action, incumbency certificates and/or other certificates of Responsible Officers of the Borrower and each Guarantor as the Administrative Agent may require
evidencing the identity, authority and capacity of each Responsible Officer thereof authorized to act as a Responsible Officer in connection with such increase agreement and any Guarantors’ Consent to such increase agreement, and such documents
and certifications as the Administrative Agent may require to evidence that the Borrower and each Guarantor is validly existing and in good standing in its jurisdiction of organization; and 

(iii) a favorable opinion of independent legal counsel reasonably acceptable to the Administrative Agent, in form and
substance reasonably satisfactory to the Administrative Agent, relating to such increase agreement and any Guarantors’ Consent to such increase agreement, addressed to the Administrative Agent and each Lender. 

ARTICLE III. 
 TAXES, YIELD PROTECTION AND ILLEGALITY 
 3.01 Taxes. 

(a) Payments Free of Taxes. Any and all payments by or on account of any obligation of the Borrower or any Guarantor hereunder or
under any other Loan Document shall be made free and clear of, and without reduction or withholding for, any Indemnified Taxes or Other Taxes, provided that if any applicable law (as determined in the good faith discretion of an applicable
withholding agent) requires the deduction or withholding of any Taxes (including any Indemnified Taxes or Other Taxes) from any such payment by a withholding agent, then (i) the applicable withholding agent shall be entitled to make such
deduction or withholding and shall timely pay the full amount deducted or withheld to the relevant Governmental Authority in accordance with applicable law, and (ii) to the extent that the withholding or deduction is made on account of
Indemnified Taxes or Other Taxes, the sum payable by the Borrower or the applicable Guarantor shall be increased as necessary so that after making all required deductions or withholdings (including deductions and withholdings applicable to
additional sums payable under this Section) the Administrative Agent, Lender or LC Issuer, as the case may be, receives an amount equal to the sum it would have received had no such deductions or withholdings been made. 

  
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 EXHIBIT A TO AMENDMENT NO. 2 TO CREDIT AGREEMENT 

 

 (b) Payment of Other Taxes by the Borrower. Without limiting the provisions of
Section 3.01(a) above, the Borrower shall timely pay any Other Taxes to the relevant Governmental Authority in accordance with applicable law. 
 (c) Indemnification by the Borrower. The Borrower shall indemnify the Administrative Agent, each Lender and the LC Issuer, within 10 days after demand therefor, for the full amount of any
Indemnified Taxes or Other Taxes (including Indemnified Taxes or Other Taxes imposed or asserted on or attributable to amounts payable under this Section) paid by the Administrative Agent, such Lender or the LC Issuer, as the case may be, and any
penalties, interest and reasonable expenses arising therefrom or with respect thereto (provided that the Borrower shall not indemnify the Administrative Agent, any Lender or the LC Issuer for any such penalties, interest and reasonable
expenses arising solely from such party’s failure to notify the Borrower of such Indemnified Taxes or Other Taxes within a reasonable period of time after such party has actual knowledge of such Indemnified Taxes or Other Taxes), whether or not
such Indemnified Taxes or Other Taxes were correctly or legally imposed or asserted by the relevant Governmental Authority. A certificate as to the amount of such payment or liability delivered to the Borrower by a Lender or the LC Issuer (with a
copy to the Administrative Agent), or by the Administrative Agent on its own behalf or on behalf of a Lender or the LC Issuer, shall be conclusive, absent manifest error. 
 (d) Evidence of Payments. As soon as practicable after any payment of Indemnified Taxes or Other Taxes by the Borrower or any Guarantor to a Governmental Authority, the Borrower shall deliver to
the Administrative Agent the original or a certified copy of a receipt issued by such Governmental Authority evidencing such payment, a copy of the return reporting such payment or other evidence of such payment reasonably satisfactory to the
Administrative Agent. 
 (e) Status of Lenders. Any Lender that is entitled to an exemption from or reduction of United
States withholding tax, or any treaty to which the United States is a party, with respect to payments hereunder or under any other Loan Document shall deliver to the Borrower (with a copy to the Administrative Agent), at the time or times prescribed
by applicable law or reasonably requested by the Borrower or the Administrative Agent, such properly completed and executed documentation prescribed by applicable law as will permit such payments to be made without withholding or at a reduced rate
of withholding. In addition, any Lender, if requested by the Borrower or the Administrative Agent, shall deliver such other documentation prescribed by applicable law or reasonably requested by the Borrower or the Administrative Agent as will enable
the Borrower or the Administrative Agent to determine whether or not such Lender is subject to backup withholding or information reporting requirements. 
 Without limiting the generality of the foregoing, 
 (i) any Lender
that is a “United States Person” as defined in Section 7701(a)(30) of the Code shall deliver to the Borrower and the Administrative Agent (in such number of copies as shall be requested by the recipient) on or prior to the date on
which such Lender becomes a Lender under this Agreement (and from time to time thereafter upon the reasonable request of the Borrower or the Administrative Agent), executed originals of Internal Revenue Service Form W-9 certifying that such Lender
is exempt from U.S. federal backup withholding tax; 

  
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 (ii) any Foreign Lender shall deliver to the Borrower and the
Administrative Agent (in such number of copies as shall be requested by the recipient) on or prior to the date on which such Foreign Lender becomes a Lender under this Agreement (and from time to time thereafter upon the request of the Borrower or
the Administrative Agent, but only if such Foreign Lender is legally entitled to do so), whichever of the following is applicable: 
 (A) in the case of a Foreign Lender claiming the benefits of an income tax treaty to which the United States is a party (x) with respect to payments of interest under any Loan Document, executed
originals of Internal Revenue Service Form W-8BEN establishing an exemption from, or reduction of, U.S. federal withholding Tax pursuant to the “interest” article of such tax treaty and (y) with respect to any other applicable
payments under any Loan Document, Internal Revenue Service Form W-8BEN establishing an exemption from, or reduction of, U.S. federal withholding Tax pursuant to the “business profits” or “other income” article of such tax treaty;

 (B) duly completed executed originals of Internal Revenue Service Form W-8ECI; 

(C) in the case of a Foreign Lender claiming the benefits of the exemption for portfolio interest under
Section 881(c) of the Code, (x) a certificate substantially in the form of Exhibit I-1 to the effect that such Foreign Lender is not (A) a “bank” within the meaning of Section 881(c)(3)(A) of the Code, (B) a
“10 percent shareholder” of the Borrower within the meaning of Section 881(c)(3)(B) of the Code, or (C) a “controlled foreign corporation” described in Section 881(c)(3)(C) of the Code (a “U.S. Tax
Compliance Certificate”) and (y) duly completed executed originals of Internal Revenue Service Form W-8BEN; 
 (D) to the extent a Foreign Lender is not the beneficial owner, executed originals of Internal Revenue Service Form W-8IMY, accompanied by Internal Revenue Service Form W-8ECI, Internal Revenue Service
Form W-8BEN, a U.S. Tax Compliance Certificate substantially in the form of Exhibit I-1, Internal Revenue Service Form W-9, and/or other certification documents from each beneficial owner, as applicable; provided that if the Foreign Lender is a
partnership and one or more direct or indirect partners of such Foreign Lender are claiming the portfolio interest exemption, such Foreign Lender may provide a U.S. Tax Compliance Certificate substantially in the form of Exhibit I-2 on behalf of
each such direct and indirect partner; or 
 (E) any other form prescribed by applicable law as a basis for
claiming exemption from or a reduction in United States Federal withholding tax duly completed together with such supplementary documentation as may be prescribed by applicable law to permit the Borrower to determine the withholding or deduction
required to be made; 

  
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 (iii) the Administrative Agent shall also deliver two duly completed
copies of Internal Revenue Service Form W-8IMY certifying that it is a “U.S. branch” and that the payments it receives for the account of others are not effectively connected with the conduct of its trade or business in the United States
and that it is using such form as evidence of its agreement with the Borrower to be treated as a U.S. person with respect to such payments; 
 (iv) if a payment made to a Lender under any Loan Document would be subject to U.S. federal withholding Tax imposed by FATCA if such Lender were to fail to comply with the applicable reporting
requirements of FATCA (including those contained in Section 1471(b) or 1472(b) of the Code, as applicable), such Lender shall deliver to the Borrower and the Administrative Agent at the time or times prescribed by law and at such time or times
reasonably requested by the Borrower or the Administrative Agent such documentation prescribed by applicable law (including as prescribed by Section 1471(b)(3)(C)(i) of the Code) and such additional documentation reasonably requested by the
Borrower or the Administrative Agent as may be necessary for the Borrower and the Administrative Agent to comply with their obligations under FATCA and to determine that such Lender has complied with such Lender’s obligations under FATCA or to
determine the amount to deduct and withhold from such payment. Solely for purposes of this clause (iv), “FATCA” shall include any amendments made to FATCA after the date of this Agreement. 

Upon the reasonable request of the Borrower or the Administrative Agent, any Lender shall update any form or certification previously
delivered pursuant to this Section 3.01(e). If any form or certification previously delivered pursuant to this Section 3.01(e) expires or becomes obsolete in any respect with respect to a Lender, such Lender shall promptly
(and in any event within 10 days after such expiration, obsolescence or inaccuracy) notify the Borrower and the Administrative Agent in writing of such expiration, obsolescence or inaccuracy and update the form or certification if it is legally
eligible to do so. Notwithstanding the foregoing, a Lender shall not be required to deliver any form pursuant to this Section 3.01(e) that such Lender is not legally able to deliver. 

(f) Treatment of Certain Refunds. If the Administrative Agent, any Lender or the LC Issuer determines, in its sole discretion,
that it has received a refund of any Taxes or Other Taxes as to which it has been indemnified by the Borrower or with respect to which the Borrower has paid additional amounts pursuant to this Section, it shall pay to the Borrower an amount equal to
such refund (but only to the extent of indemnity payments made, or additional amounts paid, by the Borrower under this Section with respect to the Taxes or Other Taxes giving rise to such refund), net of all out-of-pocket expenses of the
Administrative Agent, such Lender or the LC Issuer, as the case may be, and without interest (other than any interest paid by the relevant Governmental Authority with respect to such refund), provided that the Borrower, upon the request of
the Administrative Agent, such Lender or the LC Issuer, agrees to repay the amount paid over to the Borrower (plus any penalties, interest or other charges imposed by the relevant Governmental Authority) to the Administrative Agent, such Lender or
the LC Issuer in the event 

  
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the Administrative Agent, such Lender or the LC Issuer is required to repay such refund to such Governmental Authority. This subsection shall not be construed to require the Administrative Agent,
any Lender or the LC Issuer to make available its tax returns (or any other information relating to its taxes that it deems confidential) to the Borrower or any other Person 
 (g) Indemnification by the Lenders. Each Lender shall severally indemnify the Administrative Agent, within 10 days after demand therefor, for the full amount of any Taxes (but, in the case of any
Indemnified Taxes, only to the extent that the Borrower or any Guarantor has not already indemnified the Administrative Agent for such Indemnified Taxes and without limiting the obligation of the Borrower or any Guarantor to do so) attributable to
such Lender that are paid or payable by the Administrative Agent in connection with this Agreement or any other Loan Document and any penalties, interest and reasonable expenses arising therefrom or with respect thereto, whether or not such Taxes
were correctly or legally imposed or asserted by the relevant Governmental Authority. A certificate as to the amount of such payment or liability delivered by the Administrative Agent shall be conclusive, absent manifest error. 

3.02 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 Eurodollar Loans, or to determine or charge interest rates based upon the Adjusted LIBO Rate , or any Governmental Authority has imposed material restrictions on the
authority of such Lender to purchase or sell, or to take deposits of, Dollars in the London interbank market, then, on notice thereof by such Lender to the Borrower through the Administrative Agent, any obligation of such Lender to make or continue
Eurodollar Loans or to Convert ABR Loans to Eurodollar 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 Eurodollar Loans of such Lender to ABR Loans, either on the last day of the Interest Period therefor, if such
Lender may lawfully continue to maintain such Eurodollar Loans to such day, or immediately, if such Lender may not lawfully continue to maintain such Eurodollar Loans. Upon any such prepayment or Conversion, the Borrower shall also pay accrued
interest on the amount so prepaid or Converted. 
 3.03 Inability to Determine Rates. If the Majority Lenders determine that for
any reason in connection with any request for a Eurodollar Loan or a Conversion to or Continuation thereof that (a) Dollar deposits are not being offered to banks in the London interbank eurodollar market for the applicable amount and Interest
Period of such Eurodollar Loan, (b) adequate and reasonable means do not exist for determining the Adjusted LIBO Rate for any requested Interest Period with respect to a proposed Eurodollar Loan, or (c) the Adjusted LIBO Rate for any
requested Interest Period with respect to a proposed Eurodollar Loan does not adequately and fairly reflect the cost to such Lenders of funding such Loan, the Administrative Agent will promptly so notify the Borrower and each Lender. Thereafter, the
obligation of the Lenders to make or maintain Eurodollar Loans shall be suspended until the Administrative Agent (upon the instruction of the Majority Lenders) revokes such notice. Upon receipt of such notice, the Borrower may revoke any pending
request for a Borrowing of, Conversion to or Continuation of Eurodollar Loans or, failing that, will be deemed to have converted such request into a request for a Borrowing of ABR Loans in the amount specified therein. 

  
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 3.04 Increased Costs; Reserves on Eurodollar Loans. 

(a) Increased Costs Generally. If any Change in Law shall: 

(i) impose, modify or deem applicable any reserve, special deposit, compulsory loan, insurance charge or similar
requirement against assets of, deposits with or for the account of, or credit extended or participated in by, any Lender or the LC Issuer; 
 (ii) subject any Lender, the Administrative Agent or the LC Issuer to any Tax with respect to this Agreement, any Letter of Credit, any participation in a Letter of Credit or any Eurodollar Loan made by
it, or change the basis of taxation of payments to such Lender, the Administrative Agent or the LC Issuer in respect thereof (except for Indemnified Taxes or Other Taxes covered by Section 3.01 and the imposition of, or any change in the
rate of, any Excluded Tax payable by such Lender, the Administrative Agent or the LC Issuer); or 
 (iii) impose
on any Lender or the LC Issuer or the London interbank market any other condition, cost or expense affecting this Agreement or Eurodollar Loans made by such Lender or any Letter of Credit or participation therein; 

and the result of any of the foregoing shall be to increase the cost to such Lender of making or maintaining any Eurodollar Loan or in the case of clause
(ii), making any Loan (or of maintaining its obligation to make any such Loan), or to increase the cost to such Lender or the LC Issuer of participating in, issuing or maintaining any Letter of Credit (or of maintaining its obligation to participate
in or to issue any Letter of Credit), or to reduce the amount of any sum received or receivable by such Lender, the LC Issuer or the Administrative Agent hereunder (whether of principal, interest or any other amount), then, upon request of such
Lender, the LC Issuer or the Administrative Agent, the Borrower will pay to such Lender, the LC Issuer or the Administrative Agent, as the case may be, such additional amount or amounts as will compensate such Lender, the LC Issuer or the
Administrative Agent, as the case may be, for such additional costs incurred or reduction suffered. 
 (b) Capital
Requirements. If any Lender or the LC Issuer determines that any Change in Law affecting such Lender or the LC Issuer or any Lending Office of such Lender or such Lender’s or the LC Issuer’s holding company, if any, regarding capital
or liquidity requirements has or would have the effect of reducing the rate of return on such Lender’s or the LC Issuer’s capital or on the capital of such Lender’s or the LC Issuer’s holding company, if any, as a consequence of
this Agreement, the Commitments of such Lender or the Loans made by, or participations in Letters of Credit held by, such Lender, or the Letters of Credit issued by the LC Issuer, to a level below that which such Lender or the LC Issuer or such
Lender’s or the LC Issuer’s holding company, if any, could have achieved but for such Change in Law (taking into consideration such Lender’s or the LC Issuer’s policies and the policies of such Lender’s or the LC
Issuer’s holding company, if any, with respect to capital adequacy or liquidity), then from time to time the Borrower will pay to such Lender or the LC Issuer, as the case may be, such additional amount or amounts as will compensate such Lender
or the LC Issuer or such Lender’s or the LC Issuer’s holding company, if any, for any such reduction suffered. 

  
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 (c) Certificates for Reimbursement. A certificate of a Lender or the LC Issuer
setting forth the amount or amounts necessary to compensate such Lender or the LC Issuer or its holding company, as the case may be, as specified in Sections 3.04(a) and 3.04(b) and delivered to the Borrower shall be conclusive, absent
manifest error. The Borrower shall pay such Lender or the LC Issuer, as the case may be, the amount shown as due on any such certificate within 10 days after receipt thereof. 
 (d) Delay in Requests. Failure or delay on the part of any Lender or the LC Issuer to demand compensation pursuant to the foregoing provisions of this Section shall not constitute a waiver of such
Lender’s or the LC Issuer’s right to demand such compensation, provided that the Borrower shall not be required to compensate a Lender or the LC Issuer pursuant to the foregoing provisions of this Section for any increased costs
incurred or reductions suffered more than nine months prior to the date that such Lender or the LC Issuer, as the case may be, notifies the Borrower of the Change in Law giving rise to such increased costs or reductions and of such Lender’s or
the LC Issuer’s intention to claim compensation therefor (except that, if the Change in Law giving rise to such increased costs or reductions is retroactive, then the nine-month period referred to above shall be extended to include the period
of retroactive effect thereof). 
 3.05 Compensation for 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 an ABR 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); 
 (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 an ABR Loan on the date or in the amount notified by the Borrower; or 
 (c) any assignment of a Eurodollar 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 10.13; 

including 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 (but excluding any loss of anticipated profits). 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, each Lender shall be deemed to have funded each Eurodollar
Loan made by it at the Adjusted LIBO Rate for such Loan by a matching deposit or other borrowing in the London interbank eurodollar market for a comparable amount and for a comparable period, whether or not such Eurodollar Loan was in fact so
funded. 

  
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 3.06 Mitigation Obligations; Replacement of Lenders. 

(a) Designation of a Different Lending Office. If (i) any Lender requests compensation under Section 3.04,
(ii) the Borrower is required to pay any additional amount to any Lender (iii) any Governmental Authority for the account of any Lender pursuant to Section 3.01, or (iv) any Lender gives a notice pursuant to
Section 3.02, then such Lender shall use reasonable efforts to designate a different Lending Office for funding or booking its Loans hereunder or to assign its rights and obligations hereunder to another of its offices, branches or
affiliates, if, in the judgment of such Lender, such designation or assignment (x) would eliminate or reduce amounts payable pursuant to Section 3.01 or 3.04, as the case may be, in the future, or eliminate the need for
the notice pursuant to Section 3.02, as applicable, and (y) in each case, would not subject such Lender to any unreimbursed cost or expense and would not otherwise be disadvantageous to such Lender. The Borrower hereby agrees to pay
all reasonable costs and expenses incurred by any Lender in connection with any such designation or assignment. 
 (b)
Replacement of Lenders. The Borrower may replace any Lender to the extent contemplated by, and in accordance with, Section 10.13. 
 3.07 Survival. All of the Borrower’s obligations under this Article III shall survive termination of the Aggregate Commitments and repayment of all other Obligations hereunder. 

ARTICLE IV. 

CONDITIONS PRECEDENT TO Credit Extensions 
 4.01 Conditions of Effectiveness. This Agreement shall become effective when the following conditions precedent have been satisfied or waived in accordance with Section 10.01: 

(a) The Administrative Agent shall have received all of the following, each in form and substance reasonably satisfactory to the
Administrative Agent: 
 (i) a Note executed by the Borrower in favor of each Lender requesting a Note reasonably
in advance of the Restatement Effective Date; 
 (ii) the Pledge Agreement executed by the parties thereto and
all UCC financing statements and other documents or instruments necessary or advisable to perfect the security interests created by the Pledge Agreement; 
 (iii) the Collateral Agency Agreement executed by the parties thereto; 
 (iv) such certificates of resolutions or other action, incumbency certificates and/or other certificates of Responsible Officers of the Borrower as the Administrative Agent may reasonably require, in form
and substance reasonably satisfactory to the Administrative Agent, evidencing the identity, 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 the Borrower is a party; 
 (v) such documents and certifications as the Administrative Agent
may reasonably require to evidence that each Restricted Person is duly organized or formed, 

  
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and that each Restricted Person is validly existing, in good standing and qualified to engage in business in each jurisdiction where its ownership, lease or operation of properties or the conduct
of its business requires such qualification, except to the extent that failure to do so could not reasonably be expected to have a Material Adverse Effect; 
 (vi) a favorable opinion of each of (i) Latham & Watkins LLP, counsel to the Restricted Persons, and (ii) the General Counsel of ETP, LLC, in each case in form and substance reasonably
satisfactory to the Administrative Agent, addressed to the Administrative Agent and each Lender; and the Borrower hereby requests such counsel to deliver such opinion; and 

(vii) a certificate signed by a Responsible Officer of the Borrower certifying that the conditions set forth in
Section 4.01(b) and (c) shall be true and correct. 
 (b) As of the Restatement Effective Date, each of the
representations and warranties made by the Borrower and each Restricted Person in or pursuant to the this Agreement and the other Loan Documents shall be true and correct in all material respects, as if made on and as of such date, except for any
representations and warranties made as of a specified date, which were true and correct in all material respects as of such specified date. 
 (c) At the time of and immediately after giving effect to the Restatement Effective Date, no Default or Event of Default shall have occurred and be continuing. 

(d) The Merger Date shall have occurred or shall be occurring substantially contemporaneously with the Restatement Effective Date.

 (e) Any fees required to be paid by the Borrower on or before the Restatement Effective Date shall have been paid.

 (f) Unless waived by the Administrative Agent, the Borrower shall have paid all fees, charges and disbursements of counsel to
the Administrative Agent to the extent invoiced at least two (2) days prior to the Restatement Effective Date, plus such additional amounts of such fees, charges and disbursements as shall constitute its reasonable estimate of such fees,
charges and disbursements 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). 

Without limiting the generality of the provisions of Section 9.04, for purposes of determining compliance with the conditions
specified in this Section, each Lender that has executed and delivered the Amendment Agreement shall be deemed to have consented to, approved or accepted or to be satisfied with, each document or other matter required thereunder to be consented to
or approved by or acceptable or satisfactory to a Lender unless the Administrative Agent shall have received notice from such Lender prior to the proposed Restatement Effective Date specifying its objection thereto. 

  
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 4.02 Conditions to all Credit Extensions. No Lender has any obligation to make any Loan,
and the LC Issuer has no obligation to issue, amend, renew or extend any Letter of Credit, unless the following conditions precedent have been satisfied: 
 (a) The representations and warranties of the Borrower set forth in this Agreement shall be true and correct in all material respects on and as of the date of such Borrowing or the date of issuance,
amendment, renewal or extension of such Letter of Credit, as applicable (but with respect to any amendment, renewal or extension, only in the event that the face amount of such Letter of Credit is actually increased), both before and after giving
effect to such Borrowing or other Credit Extension, provided, however, for purposes of this Section, (i) to the extent that such representations and warranties specifically refer to an earlier date, they shall be true and correct
as of such earlier date, and (ii) the representations and warranties contained in Section 5.06(a) shall be deemed to refer to the most recent financial statements furnished pursuant to Section 6.02; and 

(b) At the time of and immediately after giving effect to such Borrowing or the issuance, amendment, renewal or extension of such Letter
of Credit, as applicable, no Default shall have occurred and be continuing. 
 Each Borrowing and each issuance, amendment,
renewal or extension of a Letter of Credit shall be deemed to constitute a representation and warranty by the Borrower on the date thereof as to the matters specified in paragraphs (a) and (b) of this Section. 

ARTICLE V. 

REPRESENTATIONS AND WARRANTIES 
 To confirm each Lender’s understanding concerning Restricted Persons and Restricted Persons’ businesses, properties and obligations and to induce each Lender to enter into this Agreement and to
extend credit hereunder, the Borrower represents and warrants to each Lender that: 
 5.01 No Default. No event has occurred and
is continuing that constitutes a Default. 
 5.02 Organization and Good Standing. Each of the Restricted Persons and the General
Partner is duly organized, validly existing and in good standing under the Laws of its jurisdiction of organization, having all powers required to carry on its business and enter into and carry out the transactions contemplated hereby. Each of the
Restricted Persons and the General Partner is duly qualified, in good standing, and authorized to do business in all other jurisdictions wherein the character of the properties owned or held by it or the nature of the business transacted by it makes
such qualification necessary except where the failure to so qualify has not had, and could not reasonably be expected to have, a Material Adverse Effect. 
 5.03 Authorization. Each Restricted Person has duly taken all action necessary to authorize the execution and delivery by it of the Loan Documents to which it is a party and to authorize the consummation
of the transactions contemplated thereby and the performance of its obligations thereunder. The Borrower is duly authorized to borrow funds hereunder and obtain Letters of Credit hereunder. 

5.04 No Conflicts or Consents. The execution and delivery by the various Restricted Persons of the Loan Documents to which each is a
party, the performance by each of its obligations under such Loan Documents, and the consummation of the transactions 

  
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contemplated by the various Loan Documents, do not and will not (a) conflict with any provision of (i) any Law, (ii) the organizational documents of the Borrower, any of its
Subsidiaries or the General Partner, (iii) any agreement governing material Indebtedness for borrowed money of the Restricted Persons or (iv) any other material agreement, judgment, license, order or permit applicable to or binding upon
the Borrower, any of its Restricted Subsidiaries or the General Partner, (b) result in the acceleration of any material Indebtedness owed by the Borrower, any of its Restricted Subsidiaries or the General Partner, or (c) result in or
require the creation of any Lien upon any assets or properties of the Borrower, any of its Restricted Subsidiaries or the General Partner. Except as expressly contemplated in the Loan Documents or disclosed in the Disclosure Schedule, no permit,
consent, approval, authorization or order of, and no notice to or filing, registration or qualification with, any Tribunal or third party is required in connection with the execution, delivery or performance by any Restricted Person of any Loan
Document or to consummate any transactions contemplated by the Loan Documents. Neither the Borrower, nor any of its Restricted Subsidiaries nor the General Partner is in breach of or in default under any instrument, license or other agreement
applicable to or binding upon it, which breach or default has had, or could reasonably be expected to have, a Material Adverse Effect. 
 5.05 Enforceable Obligations. This Agreement is, and the other Loan Documents when duly executed and delivered will be, legal, valid and binding obligations of each Restricted Person that is a party
hereto or thereto, enforceable in accordance with their terms except as such enforcement may be limited by bankruptcy, insolvency or similar Laws of general application relating to the enforcement of creditors’ rights. 

5.06 Initial Financial Statements; No Material Adverse Effect. 
 (a) The Borrower has heretofore delivered to the Lenders true, correct and complete copies of the Initial Financial Statements. The Initial Borrower Financial Statements were prepared in accordance with
GAAP. The Initial Borrower Financial Statements fairly present the Borrower’s or the Company’s, as applicable, Consolidated financial position at the date thereof, the Consolidated results of the Borrower’s or the Company’s, as
applicable, operations for the periods thereof and the Borrower’s or the Company’s, as applicable, Consolidated cash flows for the periods thereof. 
 (b) Since December 31, 2011, no event or circumstance has occurred that has had, or could reasonably be expected to have, a Material Adverse Effect. Since December 31, 2011, based upon the ETP
Reporting, no event or circumstance has occurred that has had, or could reasonably be expected to have, an ETP Material Adverse Effect. Since December 31, 2011, based upon the Regency Reporting, no event or circumstance has occurred that has
had or would reasonably be expected to have a Regency Material Adverse Effect. 
 5.07 Taxes and Obligations. No Restricted
Person has any outstanding Liabilities of any kind (including contingent obligations, tax assessments, and unusual forward or long term commitments) that exceed $10,000,000 in the aggregate and not shown in the Initial Financial Statements,
disclosed in the Disclosure Schedule or otherwise permitted under Section 7.01. Each Restricted Person has timely filed all tax returns and reports required to have been filed and has paid all taxes, assessments, and other governmental
charges or levies imposed upon it or upon its income, profits or property, except to the extent that any of the foregoing is not yet due or is being in good faith contested as permitted by Section 6.07. 

  
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 5.08 Full Disclosure. No written certificate, statement or other information, taken as a
whole, delivered herewith or heretofore by any Restricted Person to any Lender in connection with the negotiation of this Agreement or in connection with any transaction contemplated hereby contains any untrue statement of a material fact or omits
to state any material fact necessary to make the statements contained herein or therein, in light of the circumstances under which they were made, not materially misleading as of the date made or deemed made. All information regarding the
Borrower’s Consolidated financial position or results of operations and all other written information regarding Restricted Persons, taken as a whole, furnished after the date hereof by or on behalf of any Restricted Person to the Administrative
Agent, LC Issuer or any Lender in connection with this Agreement and the other Loan Documents and the transactions contemplated hereby and thereby will be true, complete and accurate in every material respect in light of the circumstances in which
made, or based on reasonable estimates on the date as of which such information is stated or certified. 
 5.09 Litigation.
Except as disclosed in the Initial Financial Statements, the Applicable Regency Credit Agreement, or in the Applicable ETP Credit Agreement or in the Disclosure Schedule and except for matters that could not, in the aggregate, reasonably be expected
to have a Material Adverse Effect (a) there are no actions, suits or legal, equitable, arbitrative or administrative proceedings pending or, to the knowledge of the Borrower, threatened, by or before any Tribunal against the Borrower, any of
its Restricted Subsidiaries or the General Partner or affecting any property of the Borrower, any of its Restricted Subsidiaries or the General Partner, and (b) there are no outstanding judgments, injunctions, writs, rulings or orders by any
such Tribunal against the Borrower, any of its Restricted Subsidiaries or the General Partner or affecting any property of the Borrower, any of its Restricted Subsidiaries or the General Partner. 

5.10 ERISA. All currently existing ERISA Plans are listed in the Disclosure Schedule. Except as disclosed in the Initial Financial
Statements or in the Disclosure Schedule, no Termination Event has occurred with respect to any ERISA Plan and all ERISA Affiliates are in compliance with ERISA and the provisions of the Code relating to ERISA Plans in all material respects. No
ERISA Affiliate is required to contribute to, or has any other absolute or contingent liability in respect of, any “multiemployer plan” as defined in Section 4001 of ERISA. Except as set forth in the Disclosure Schedule: (a) no
“accumulated funding deficiency” or failure to meet applicable “minimum funding standards” (each as defined in Section 412(a) of the Code) exists with respect to any ERISA Plan, whether or not waived by the Secretary of the
Treasury or his delegate, and (b) the current value of each ERISA Plan’s benefit obligations does not exceed the current fair market value of such ERISA Plan’s assets available for the payment of such benefits by more than
$10,000,000. 
 5.11 Compliance with Laws. Except as set forth in the Disclosure Schedule, each of the Borrower, its Restricted
Subsidiaries and the General Partner has all permits, licenses and authorizations required in connection with the conduct of its businesses, except to the extent failure to have any such permit, license or authorization has not had, and could not
reasonably be expected to have, a Material Adverse Effect. Each of the Borrower, its Restricted Subsidiaries 

  
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and the General Partner is in compliance with the terms and conditions of all such permits, licenses and authorizations, and is also in compliance with all other limitations, restrictions,
conditions, standards, prohibitions, requirements, obligations, schedules and timetables contained in any Law or in any regulation, code, plan, order, decree, judgment, injunction, notice or demand letter issued, entered, promulgated or approved
thereunder, except to the extent failure to comply has not had, and could not reasonably be expected to have, a Material Adverse Effect. Each of the Borrower, its Restricted Subsidiaries and the General Partner (a) has filed and maintained all
tariffs applicable to its business with each applicable agency, (b) all such tariffs are in compliance with all Laws administered or promulgated by each applicable agency and (c) has imposed charges on its customers in compliance with such
tariffs, all contracts applicable to its business and all applicable Laws except to the extent such failure to file or impose has not had, and could not reasonably be expected to have, a Material Adverse Effect. As used herein, “agency”
includes the Federal Energy Regulatory Commission and each other United States federal, state, or local governmental department, commission, board, bureau, agency or instrumentality having jurisdiction over any Restricted Person or its properties.

 5.12 Environmental Laws. Without limiting the provisions of Section 5.11 and except as disclosed in the
Disclosure Schedule or as has not had, and could not reasonably be expected to have, a Material Adverse Effect (or with respect to (c), (d) and (e) below, where the failure to take such actions has not had, and could not reasonably be
expected to have, a Material Adverse Effect): 
 (a) Neither any property of any of the Borrower, or its Restricted
Subsidiaries, nor the operations conducted thereon nor any other operations of any of the Borrower or its Restricted Subsidiaries violate any order or requirement of any Governmental Authority or any Environmental Laws; 

(b) Without limitation of clause (a) above, no property of any of the Borrower, or its Restricted Subsidiaries 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 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 to be obtained or filed in connection with the operation or use of any and all property of the Borrower and its Restricted Subsidiaries, including without limitation past or present
treatment, storage, disposal or release of a hazardous substance, hazardous waste or solid waste into the environment, have been duly obtained or filed, and the Borrower and its Restricted Subsidiaries are in compliance with the terms and conditions
of all such notices, permits, licenses and similar authorizations; 
 (d) All hazardous substances, hazardous waste, solid
waste, and oil and gas exploration and production wastes, if any, generated at any and all property of the Borrower or any of its Restricted Subsidiaries have in the past been transported, treated and disposed of in accordance with Environmental
Laws and so as not to pose an endangerment to public health or welfare or the environment, and, to the best knowledge of the Borrower, all such transport 

  
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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 threatened action, investigation or inquiry by any Governmental Authority in connection with any Environmental Laws; 

(e) The Borrower and its Restricted Subsidiaries have taken all steps reasonably necessary to determine and have determined that no
hazardous substances, hazardous waste, 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 substances on or to any property of the
Borrower or any of its Restricted Subsidiaries; 
 (f) To the extent applicable, all property of the Borrower and its Restricted
Subsidiaries currently satisfies all design, operation, and equipment requirements imposed by the Environmental Laws or scheduled as of the date hereof to be imposed by the Environmental Laws during the term of this Agreement, and the Borrower does
not have any reason to believe that such property, to the extent subject to the Environmental Laws, will not be able to maintain compliance with the Environmental Laws requirements during the term of this Agreement; and 

(g) Neither the Borrower nor any of its Restricted Subsidiaries has any known contingent liability in connection with any release or
threatened release of any oil, hazardous substance, hazardous waste or solid waste into the environment. 
 5.13 Borrower’s
Subsidiaries. The Borrower does not have any Subsidiary or own any Equity Interests in any other Person except those listed in the Disclosure Schedule (which includes the Borrower’s good faith estimate of its organizational structure assuming
the Acquisition has been consummated) or disclosed to the Administrative Agent in writing. Neither the Borrower nor any of its Subsidiaries is a member of any general or limited partnership, limited liability company, joint venture or association of
any type whatsoever except those listed in the Disclosure Schedule or disclosed to the Administrative Agent in writing. The Borrower owns, directly or indirectly, the equity membership or partnership interest in each of its Subsidiaries, which is
indicated in the Disclosure Schedule or disclosed to the Administrative Agent in writing. 
 5.14 Title to Properties; Licenses.
Each Restricted Person has good and defensible title to or valid leasehold interests in all of its material properties and assets, free and clear of all Liens other than Permitted Liens and of all impediments to the use of such properties and assets
in such Restricted Person’s business. Each Restricted Person possesses all licenses, permits, franchises, patents, copyrights, trademarks and trade names, and other intellectual property (or otherwise possesses the right to use such
intellectual property without violation of the rights of any other Person) that are necessary to carry out its business as presently conducted and as presently proposed to be conducted hereafter, and no Restricted Person is in violation in any
material respect of the terms under which it possesses such intellectual property or the right to use such intellectual property unless, in each case, such failure to possess or violation has not had, and could not reasonably be expected to have, a
Material Adverse Effect. 

  
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 5.15 Government Regulation. (a) Neither the Borrower nor any other Restricted
Person owing Obligations is subject to regulation under (i) the Federal Power Act, (ii) the Investment Company Act of 1940, or (iii) any other Law which regulates the incurring by such Person of Indebtedness. 

(b) Neither the Borrower nor any of its Restricted Subsidiaries, nor any Person having “control” (as that term is defined
in 12 U.S.C. § 375b(9) or in regulations promulgated pursuant thereto) of the Borrower or any of its Restricted Subsidiaries, is a “director” or an “executive officer” or “principal shareholder” (as those terms are
defined in 12 U.S.C. § 375b(8) or (9) or in regulations promulgated pursuant thereto) of any Lender, of a bank holding company of which any Lender is a subsidiary or of any subsidiary of a bank holding company of which any Lender is a
subsidiary. Neither the Borrower nor any subsidiary or Affiliate of the Borrower is (i) named on the list of Specially Designated Nationals or Blocked Persons maintained by the United States Department of the Treasury’s Office of Foreign
Assets Control available at http://www.treas.gov/offices/enforcement/ofac/sdn/sdnlist.txt, or (ii) (A) an agency of the government of a country, (B) an organization controlled by a country, or (C) a person resident in a
country that is subject to a sanctions program identified on the list maintained by the United States Department of the Treasury’s Office of Foreign Assets Control and available at
http://www.treas.gov/offices/enforcement/ofac/programs/index.html, or as otherwise published from time to time, as such program may be applicable to such agency, organization or person, and the proceeds from the loan will not be used to fund
any operations in, finance any investments or activities in, or make any payments to, any such country, agency, organization or person. 
 5.16 Solvency. The Borrower and each of its Subsidiaries is solvent (as such term is used in applicable bankruptcy, liquidation, receivership, insolvency or similar Laws), and the sum of the
Borrower’s and each of its Subsidiaries’ absolute and contingent liabilities, including the Obligations or guarantees thereof, do not exceed the fair market value of such Person’s assets, and the Borrower’s and each of its
Subsidiaries’ capital should be adequate for the businesses in which such Person is engaged and intends to be engaged. Neither the Borrower nor any of its Subsidiaries has incurred (whether under the Loan Documents or otherwise), nor does any
such Person intend to incur or believe that it will incur, debts which will be beyond its ability to pay as such debts mature. 

5.17 Margin Regulations. No part of the proceeds of any Loan will be used, whether directly or indirectly, for any purpose that entails a
violation of, or is inconsistent with, any of the Regulations of the Board, including Regulations T, U and X. Without limiting the foregoing, the Borrower represents and warrants that the Borrower is not engaged principally, or as one of the
Borrower’s important activities, in the business of extending credit to others for the purpose of purchasing or carrying margin stock unless the Borrower and the Lenders (or the Administrative Agent with the approval of the Lenders) shall have
executed an appropriate Form U-1 evidencing compliance with Regulations T, U and X. 
 5.18 Collateral Documents. The Collateral
Documents are effective to create in favor of the Collateral Agent (for the benefit of the Secured Parties) a legal, valid and enforceable Lien in the Collateral described therein and proceeds thereof. In the case of the Collateral consisting of
certificated securities, when certificates representing such Collateral are 

  
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delivered to the Collateral Agent, and in the case of the other Collateral described in the Collateral Documents, when financing statements in appropriate form are filed in the offices specified
in the Perfection Certificate, the Collateral Agent shall have a fully perfected Lien on, and security interest in, all right, title and interest of the Restricted Persons in such Collateral and, subject to Section 9-315 of the New York UCC,
the proceeds thereof, as security for the Obligations, the Term Loan Obligations, the Lender Hedging Obligations, the Other Hedging Obligations, the Senior Note Obligations and any other obligations secured by the Collateral Documents, in each case
prior and superior in right to any other Person other than Permitted Liens which are permitted to attach under the terms of this Agreement. 
 5.19 Status as Senior Debt of the Borrower. The Loans constitute senior debt of the Borrower and, without regard to the Collateral, are pari passu with the Borrower’s other unsecured,
non-subordinated Indebtedness for borrowed money. 
 ARTICLE VI. 

AFFIRMATIVE COVENANTS 
 To conform with the terms and conditions under which each Lender is willing to have credit outstanding to the Borrower, and to induce each Lender to enter into this Agreement and extend credit hereunder,
the Borrower covenants and agrees that until the full and final payment of the Obligations and the termination of this Agreement, unless the Majority Lenders, or all Lenders as required under Section 10.01, have previously agreed
otherwise: 
 6.01 Payment and Performance. Each Restricted Person will pay all amounts due under the Loan Documents to which it
is a party, in accordance with the terms thereof. 
 6.02 Books, Financial Statements and Reports. The Borrower will maintain
and will cause its Restricted Subsidiaries to maintain a standard system of accounting and proper books of record and account in accordance with GAAP, will maintain its Fiscal Year, and will furnish the following statements and reports to the
Administrative Agent for distribution to each Lender at the Borrower’s expense: 
 (a) As soon as available, and in any
event within ninety (90) days after the end of each Fiscal Year, (i) complete Consolidated financial statements of the Borrower together with all notes thereto, prepared in reasonable detail in accordance with GAAP, together with an
unqualified opinion relating to such financial statements, based on an audit using generally accepted auditing standards, by Grant Thornton LLP, or other independent certified public accountants selected by the General Partner and acceptable to the
Administrative Agent, stating that such Consolidated financial statements have been so prepared; provided, however, that at any time when the Borrower shall be subject to the reporting requirements of Section 13 or 15(d) of the Exchange Act,
delivery within the time period specified above of copies of the Annual Report on Form 10-K of the Borrower for such Fiscal Year prepared in compliance with the requirements therefor and filed with the Commission shall be deemed to satisfy the
requirements of this clause (a)(i), and (ii) a consolidating balance sheet and a consolidating statement of operations reflecting the consolidating information for the Borrower, the Unrestricted Persons (reflecting the consolidating information
for each MLP, the Company, each Drop Down Entity, each Drop Down/Transfer Joint Venture and their respective subsidiaries on a Consolidated 

  
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basis) and the Restricted Subsidiaries (individually or with one or more on a combined basis) for such Fiscal Year, setting forth, in each case, in comparative form, figures for the preceding
Fiscal Year, such financial statements and information of the Borrower furnished, in each case, pursuant to clause (ii) to be certified by an authorized financial officer of the Borrower as presenting fairly, in all material respects, the
information contained therein, on a basis consistent with the Consolidated financial statements, which consolidating statement of operations may be in summary form in detail satisfactory to the Administrative Agent. Such financial statements shall
contain a Consolidated balance sheet as of the end of such Fiscal Year and Consolidated statements of earnings for such Fiscal Year. Such financial statements shall set forth in comparative form the corresponding figures for the preceding Fiscal
Year. 
 (b) As soon as available, and in any event within fifty (50) days after the end of each Fiscal Quarter
(i) the Borrower’s Consolidated balance sheet as of the end of such Fiscal Quarter and the Borrower’s Consolidated statements of income, partners’ capital and cash flows for such Fiscal Quarter and for the period from the
beginning of the then current Fiscal Year to the end of such Fiscal Quarter, all in reasonable detail and prepared in accordance with GAAP, subject to changes resulting from normal year-end adjustments; provided, however, that at any time when the
Borrower shall be subject to the reporting requirements of Section 13 or 15(d) of the Exchange Act, delivery within the time period specified above of copies of the Quarterly Report on Form 10-Q of the Borrower for such Fiscal Quarter prepared
in accordance with the requirements therefor and filed with the Commission shall be deemed to satisfy the requirements of this clause (b)(i) for any of the first three Fiscal Quarters of a Fiscal Year and (ii) a consolidating balance sheet and
a consolidating statement of operations reflecting the consolidating information for the Borrower, the Unrestricted Persons (reflecting the consolidating information for each MLP, the Company, each Drop Down Entity, each Drop Down/Transfer Joint
Venture and their respective subsidiaries on a Consolidated basis) and the Restricted Subsidiaries (individually or with one or more on a combined basis) for such Fiscal Quarter, setting forth, in each case, in comparative form, figures for same
period of the preceding Fiscal Year, such financial statements and information of the Borrower furnished, in each case, pursuant to clauses (b)(i) and (ii), to be certified by an authorized financial officer of the Borrower as presenting fairly, in
all material respects, the information contained therein, on a basis consistent with the Consolidated financial statements, which consolidating statement of operations may be in summary form in detail satisfactory to the Administrative Agent. Such
financial statements shall set forth in comparative form the corresponding figures for the same period or date of the preceding Fiscal Year. In addition the Borrower will, together with each such set of financial statements and each set of financial
statements furnished under subsection (a) or (b) of this Section, furnish a Compliance Certificate, signed on behalf of the Borrower by the chief financial officer, principal accounting officer or treasurer of the General Partner, setting
forth that such financial statements of the Borrower as presenting fairly, in all material respects, the information contained therein (subject, in the case of Fiscal Quarter-end statements, to normal year-end adjustments), stating that such officer
has reviewed the Loan Documents, containing calculations showing compliance (or non-compliance) at the end of such Fiscal Quarter with the requirements of Section 7.12, and stating that no Default exists at the end of such Fiscal Quarter
or at the time of such certificate or specifying the nature and period of existence of any such Default. 

  
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 (c) Promptly upon their becoming available, one copy of (i) each financial
statement, report, notice or proxy statement sent by the Borrower or any of its Subsidiaries to public securities holders generally, and (ii) each regular or periodic report, each registration statement (without exhibits except as expressly
requested by such Lender), and each prospectus and all amendments thereto filed by the Borrower or any of its Subsidiaries with the Commission and of all press releases and other statements made available generally by the Borrower or any of its
Subsidiaries to the public concerning material developments; provided that the Borrower shall be deemed to have furnished the information specified in this clause (c) on the date that such information is posted at the Borrower’s, the
Company’s or an MLP’s web site on the Internet or at such other web sites as notified to the Lenders. 
 (d) The
Borrower will furnish to the Administrative Agent prompt written notice of any change (but in no event later than 10 Business Days after such change, unless otherwise agreed by the Administrative Agent) in (i) any Restricted Person’s name,
(ii) any Restricted Person’s identity or organizational form or jurisdiction of incorporation, or (iii) any Restricted Person’s Federal Taxpayer Identification Number. The Borrower agrees not to effect or permit any change
referred to in the preceding sentence unless, promptly therewith, it shall have provided the Administrative Agent with all filings under the UCC or otherwise that are required in order for the Administrative Agent to continue to have a valid, legal
and perfected security interest in all the Collateral as contemplated in the Collateral Documents. The Borrower also agrees promptly to notify the Administrative Agent if any material portion of the Collateral is damaged or destroyed. 

(e) At the time of delivery of financial statements pursuant to Section 6.02(b), if Collateral consists of any property other
than the property that was Collateral on the Restatement Effective Date, the Borrower shall deliver to the Administrative Agent an Officer’s Certificate (i) either confirming that there has been no change in such information since the
Perfection Certificate was delivered on the Restatement Effective Date or the date of the most recent certificate delivered pursuant to this Section and/or identifying such changes, and (ii) certifying that all UCC financing statements
(including fixtures filings, as applicable) or other appropriate filings, recordings or registrations, have been filed of record in each applicable governmental, municipal or other appropriate office in each applicable jurisdiction to the extent
necessary to protect and perfect the security interests under the Collateral Documents. 
 (f) At the time of the delivery
thereof pursuant to the Applicable MLP Credit Agreement or any indenture or agreement governing Indebtedness of an MLP and its subsidiaries, copies of (i) each financial statement of such MLP and/or its subsidiaries accompanied by each report,
opinion or certificate required to be provided in connection with such financial statement, (ii) each certificate regarding compliance with representations, warranties and covenants and/or the absence of default, and (iii) each other
report or notice regarding any default or potential default in such Indebtedness or other Indebtedness, any material adverse change or material adverse effect, or other material event or circumstance, including those related to any claim or notice
of potential liability under Environmental Laws, any filing of any suit or proceeding or the assertion of any claim or violation of any Laws, in each case as required under the provisions of the Applicable MLP Credit Agreement or such other
indenture or agreement; provided that the Borrower shall be deemed to have furnished the information specified in this clause (f) on the date that such information is posted at the applicable MLP’s web site on the Internet or at such other
web sites as notified to the Lenders. 

  
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 (g) Promptly upon their becoming available, one copy of (i) each financial
statement, report, notice or proxy statement sent by an MLP or any of its subsidiaries to public securities holders generally, and (ii) each regular or periodic report, each registration statement (without exhibits except as expressly requested
by such Lender), and each prospectus and all amendments thereto filed by an MLP or any of its subsidiaries with the Commission and of all press releases and other statements made available generally by an MLP or any of its subsidiaries to the public
concerning material developments; provided that the Borrower shall be deemed to have furnished the information specified in this clause (g) on the date that such information is posted at the applicable MLP’s web site on the Internet or at
such other web sites as notified to the Lenders. 
 6.03 Other Information and Inspections. Each Restricted Person will furnish
to each Lender any information which the Administrative Agent or any Lender may from time to time reasonably request concerning any representation, warranty, covenant, provision or condition of the Loan Documents or any matter in connection with
Restricted Persons’ businesses and operations. Each Restricted Person will permit representatives appointed by the Administrative Agent (including independent accountants, auditors, agents, attorneys, appraisers and any other Persons) to visit
and inspect during normal business hours (which right to visit and inspect shall be limited to once during any Fiscal Year unless an Event of Default has occurred and is continuing) any of such Restricted Person’s property, including its books
of account, other books and records, and any facilities or other business assets, and to make extra copies therefrom and photocopies and photographs thereof, and to write down and record any information such representatives obtain, and each
Restricted Person shall permit the Administrative Agent or its representatives to investigate and verify the accuracy of the information furnished to the Administrative Agent or any Lender in connection with the Loan Documents and to discuss all
such matters with its officers, employees and, upon prior notice to the Borrower, its representatives. 
 6.04 Notice of
Material Events. The Borrower will notify the Administrative Agent for delivery to the LC Issuer and each Lender promptly, and not later than five (5) Business Days in the case of subsection (b) below and not later than thirty
(30) days in the case of any other subsection below, after any Responsible Officer of the Borrower has knowledge thereof, stating that such notice is being given pursuant to this Agreement, of: 

(a) the occurrence of any event or circumstance that has had, or could reasonably be expected to have, a Material Adverse Effect or an
ETP Material Adverse Effect or a Regency Material Adverse Effect or a SUG Material Adverse Effect; 
 (b) the occurrence of
(i) any Default or any “Default” as defined in the Applicable MLP Credit Agreement, (ii) any “Default” or “Event of Default” as defined in the Indenture, (iii) any “Default” or “Event of
Default” as defined in the Term Loan Credit Agreement or (iv) any “Default” or “Event of Default” as defined in the SUG Credit Agreement; 

  
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 (c) the acceleration of the maturity of any Indebtedness owed by the Borrower or any of
its Subsidiaries or of any default by the Borrower or any of its Subsidiaries under any indenture, mortgage, agreement, contract or other instrument to which it is a party or by which it or any of its properties is bound, if such acceleration or
default has had or could have a Material Adverse Effect, an ETP Material Adverse Effect, a Regency Material Adverse Effect or a SUG Material Adverse Effect; 
 (d) the occurrence of any Termination Event; 
 (e) under any Environmental Law,
any claim of $10,000,000 or more with respect to any Restricted Person or of $50,000,000 or more with respect to any Unrestricted Person, any notice of potential liability that could reasonably be expected to exceed such amount with respect to such
Person, or any other material adverse claim asserted against any Restricted Person or any Unrestricted Person or with respect to any Restricted Person’s or any Unrestricted Person’s properties taken as a whole; and 

(f) the filing of any suit or proceeding, or the assertion in writing of a claim, against any Restricted Person or any Unrestricted
Person or with respect to any Restricted Person’s or any Unrestricted Person’s properties, in which an adverse decision could reasonably be expected to have a Material Adverse Effect, or an ETP Material Adverse Effect, or a Regency
Material Adverse Effect, or a SUG Material Adverse Effect. 
 Upon the occurrence of any of the foregoing, Restricted Persons
will take all necessary steps to, or in the case of an MLP, the Company, an Unrestricted Person or their respective subsidiaries, will use commercially reasonable efforts to cause such Person to, remedy promptly any such Material Adverse Effect,
Default, acceleration, default, or Termination Event, to protect against any such adverse claim, to defend any such suit or proceeding, and to resolve all controversies on account of any of the foregoing. 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 herein and stating what action the Restricted Person has taken and proposes to take with respect thereto. Each notice pursuant
to Section 6.04(b) shall describe with particularity any and all provisions of this Agreement and other Loan Documents, if applicable, that have been breached. 
 6.05 Maintenance of Properties. The Borrower shall, and shall cause each other Restricted Person to, maintain and keep, or cause to be maintained and kept, its properties in good repair, working order and
condition (other than ordinary wear and tear), so that the business carried on in connection therewith may be properly conducted at all times, provided that this Section shall not prevent any Restricted Person from discontinuing the operation
and the maintenance of any of its properties if such discontinuance is desirable in the conduct of its business and the Borrower has concluded that such discontinuance could not, individually or in the aggregate, reasonably be expected to have a
Material Adverse Effect. 
 6.06 Maintenance of Existence and Qualifications. The Borrower shall, and shall cause each other
Restricted Person to, (a) maintain and preserve its existence and its rights and franchises in full force and effect and (b) qualify to do business in all states or jurisdictions where required by applicable Law, except where the failure
so to qualify has not had, and could not reasonably be expected to have, a Material Adverse Effect, or except in a transaction otherwise permitted by Section 7.03. 

  
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 6.07 Payment of Trade Liabilities, Taxes, etc. The Borrower shall, and shall cause each
other Restricted Person to: 
 (a) timely file all tax returns required to be filed in any jurisdiction; 

(b) timely pay and discharge all taxes shown to be due and payable on such returns and all other taxes, assessments, governmental
charges, or levies imposed on them or any of their properties, assets, income or franchises, to the extent such taxes and assessments have become due and payable and before they have become delinquent and all claims for which sums have become due
and payable that have or might become a lien on properties or assets of the Borrower or any other Restricted Person; 
 (c)
timely pay all Liabilities owed by it on ordinary trade terms to vendors, suppliers and other Persons providing goods and services used by it in the ordinary course of its business; 

(d) timely pay and discharge when due all other Liabilities now or hereafter owed by it, other than royalty payments suspended in the
ordinary course of business; and 
 (e) maintain appropriate accruals and reserves for all of the foregoing in accordance with
GAAP. 
 Each Restricted Person may, however, delay paying or discharging any of the foregoing so long as (i) the amount,
applicability or validity thereof is contested by the Borrower or such Restricted Person on a timely basis in good faith and in appropriate proceedings, and the Borrower or such Restricted Person has established adequate reserves therefor in
accordance with GAAP on the books of the Borrower or such Restricted Person or (ii) the non-payment of all such taxes, assessments, charges, levies and Liabilities in the aggregate could not reasonably be expected to have a Material Adverse
Effect. 
 6.08 Insurance. The Borrower shall, and shall cause each other Restricted Person to, at all times maintain at its own
expense with financially sound and reputable insurance companies, insurance in such amounts and against such risks as are customarily maintained by companies engaged in the same or similar businesses operating in the same or similar locations.

 6.09 Compliance with Law. The Borrower shall, and shall cause each other Restricted Person to, conduct its business and
affairs in compliance with all Laws applicable thereto and will maintain in good standing all licenses that may be necessary or appropriate to carry on its business, except for failures so to comply that have not had, and could not reasonably be
expected to have, a Material Adverse Effect. 
 6.10 Environmental Matters. The Borrower shall, and shall cause each other
Restricted Person to: 
 (a) comply in all material respects with all Environmental Laws now or hereafter applicable to such
Restricted Person as well as all contractual obligations and agreements with 

  
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respect to environmental remediation or other environmental matters and shall obtain, at or prior to the time required by applicable Environmental Laws, all environmental, health and safety
permits, licenses and other authorizations necessary for its operations and will maintain such authorizations in full force and effect; 
 (b) promptly furnish to the Administrative Agent all written notices of violation, orders, claims, citations, complaints, penalty assessments, suits or other proceedings received by any Restricted Person
or General Partner, or of which it has notice, pending or threatened against any Restricted Person, the potential liability of which exceeds or might reasonably be expected to exceed $15,000,000 or could reasonably be expected to have a Material
Adverse Effect if resolved adversely against any Restricted Person, by any Governmental Authority with respect to any alleged violation of or non-compliance with any Environmental Laws or any permits, licenses or authorizations in connection with
its ownership or use of its properties or the operation of its business; and 
 (c) promptly furnish to the Administrative Agent
all requests for information, notices of claim, demand letters, and other notifications, received by any Restricted Person or General Partner in connection with its ownership or use of its properties or the conduct of its business, relating to
potential responsibility with respect to any investigation or clean-up of Hazardous Material at any location, the potential liability of which exceeds or might reasonably be expected to exceed $15,000,000 or could reasonably be expected to have a
Material Adverse Effect if resolved adversely against any Restricted Person. 
 6.11 Guaranties by Restricted Subsidiaries.

 (a) The Borrower shall cause each Restricted Subsidiary, whether existing on the Restatement Effective Date or created,
acquired or coming into existence after the Restatement Effective Date, that Guarantees any other Indebtedness of the Borrower (including the Senior Notes and the Term Loans) to execute and deliver to the Administrative Agent a Guaranty for so long
as such other Indebtedness is Guaranteed. 
 (b) Simultaneously with its delivery of such a Guaranty, the Borrower shall cause
each Restricted Subsidiary to, at the reasonable request of the Administrative Agent, provide written evidence reasonably satisfactory to the Administrative Agent that such Restricted Subsidiary has taken all corporate, limited liability company or
partnership action necessary to duly approve and authorize its execution, delivery and performance of such Guaranty and any other documents which it is required to execute. 
 (c) The Borrower may redesignate any Unrestricted Person to be a Restricted Subsidiary, provided that the Borrower shall not make such a designation unless at the time of such action and after
giving effect thereto, (i) none of such Unrestricted Persons have outstanding Indebtedness or Guarantees, other than Indebtedness permitted under Section 7.01, or Liens on any of their property, other than Permitted Liens (in each
case taking into account the other Indebtedness and Liens of the Restricted Persons), (ii) no Default or Event of Default shall exist, (iii) all representations and warranties herein will be true and correct in all material respects if
remade at the time of such designation, except to the extent such representations and warranties specifically refer to an earlier date, in which case they were true and correct in all 

  
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material respects as of such earlier date, and (iv) the Borrower has provided to the Administrative Agent an officer’s certificate in form satisfactory to the Administrative Agent to
the effect that each of the foregoing conditions have been satisfied. In no event will either MLP or any of their respective subsidiaries be designated a Restricted Subsidiary. 

(d) The Borrower may designate any Person who becomes a Subsidiary of the Borrower after the date hereof to be an Unrestricted Person,
provided that all Investments in such Subsidiary at the time of such designation shall be treated as Investments made on the date of such designation in an amount equal to the fair market value of all Restricted Persons’ Investments in
such Unrestricted Person at the time of such designation, and provided further that at the time of such action and after giving effect thereto, (i) such Subsidiary does not own, directly or indirectly, any Indebtedness or Equity
Interests of the Borrower or any Restricted Subsidiary, other than any Drop Down Equity or Drop Down/Transfer Debt, (ii) no Default or Event of Default shall exist, (iii) all representations and warranties herein will be true and correct
in all material respects if remade at the time of such designation, except to the extent such representations and warranties specifically refer to an earlier date, in which case they were true and correct in all material respects as of such earlier
date, (iv) the Investment represented by such designation is permitted under the definition of Permitted Investments and (v) the Borrower has provided to the Administrative Agent an officer’s certificate in form satisfactory to the
Administrative Agent to the effect that each of the foregoing conditions have been satisfied. 
 6.12 [Reserved]. 

6.13 Further Assurances. At any time or from time to time upon the reasonable request of the Administrative Agent, the Borrower shall,
and shall cause each other Restricted Person to, at its expense, promptly execute, acknowledge and deliver such further documents and do such other acts and things as the Administrative Agent may reasonably request in order to effect fully the
purposes of the Loan Documents. In furtherance and not in limitation of the foregoing, the Borrower shall, and shall cause each other Restricted Person to, take such actions as the Administrative Agent may reasonably request from time to time to
ensure that the Obligations and the Lender Hedging Obligations are guaranteed by the Guarantors and secured by substantially all of the assets of the Restricted Persons (other than ETP GP and Regency GP), including all of the outstanding Equity
Interests of any Restricted Subsidiary acquired or created after the Restatement Effective Date. 
 6.14 Miscellaneous Business
Covenants. The Borrower shall, and shall cause each other Restricted Person to, (i) maintain entity records and books of account separate from those of any other entity, including each MLP, the Company, each Drop Down Entity or any of their
respective subsidiaries, which is an Affiliate of such entity; (ii) not commingle its funds or assets with those of any other entity, including each MLP, the Company, each Drop Down Entity or any of their respective subsidiaries, which is an
Affiliate of such entity; and (iii) provide that the board of directors or other analogous governing body of the General Partner will hold all appropriate meetings to authorize and approve such entity’s actions, which meetings will be
separate from those of other entities, including each MLP, the Company, each Drop Down Entity or any of their respective subsidiaries; provided that such governing bodies may from time to time hold joint meetings for administrative purposes
(e.g.: to provide information about the respective businesses and operations of the Borrower, on the one hand, and an MLP, the Company, a Drop Down Entity or any of their respective subsidiaries, on the other hand). 

  
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 6.15 Restricted/Unrestricted Persons. The Borrower: 

(a) will not, and will not permit any Restricted Person to guaranty any Indebtedness of any of the Unrestricted Persons, other than the
Drop Down/Transfer Guarantees or pursuant to clause (d) of the definition of Permitted Investments; 
 (b) will not permit
any Unrestricted Person to hold any equity or other ownership interest in any Restricted Person other than the Drop Down Equity to be held by the Company; 
 (c) will operate each Unrestricted Person in such a manner as to make it apparent to all creditors of such Unrestricted Person that such Unrestricted Person is a legal entity separate and distinct from
all of the Restricted Persons and as such is solely responsible for its debts; 
 (d) will cause ETP and each of its
subsidiaries which has a Restricted Person as its general partner to incur Indebtedness only under notes, loan agreements or other applicable agreements that expressly state that such Indebtedness is being incurred by ETP and, if applicable, such
subsidiaries, on a basis that is non-recourse to ETP’s general partner; and 
 (e) will cause each Unrestricted Person
(other than an MLP, the Company and their respective subsidiaries) to incur Indebtedness only under notes, loan agreements or other applicable agreements that expressly state that such Indebtedness is being incurred by such Unrestricted Person on a
basis that is non-recourse to the Restricted Persons. 
 6.16 Pledge of SUG Holdco Stock and Additional Collateral. Promptly and
in any event within 30 days following the Restatement Effective Date, the Borrower will (a) grant or cause to be granted pursuant to the Pledge Agreement a first priority Lien on all of the issued and outstanding shares of Equity Interests of
SUG Holdco and (b) if requested by the Administrative Agent, deliver to the Administrative Agent customary certificates and legal opinions relating to the matters described above. 

Notwithstanding the foregoing, if any assets are granted to secure the Term Loan Obligations, the Borrower shall promptly grant to the
Collateral Agent for the benefit of the Secured Parties a first priority Lien on such assets as security for the Obligations. 

ARTICLE VII. 
 NEGATIVE COVENANTS 
 To conform with the terms and conditions under which each
Lender is willing to have credit outstanding to the Borrower, and to induce each Lender to enter into this Agreement and make the Loans, the Borrower covenants and agrees that until the full and final payment of the Obligations and the termination
of this Agreement, unless Majority Lenders, or all Lenders as required under Section 10.01, have previously agreed otherwise: 

  
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 7.01 Indebtedness. The Borrower shall not, and shall not permit any other Restricted
Person to, in any manner owe or be liable for Indebtedness except for the following: 
 (a) the Obligations; 

(b) Indebtedness of any Restricted Person (other than ETP GP, ETP LLC, Regency GP and Regency LLC) to any other Restricted Person (other
than ETP GP, ETP LLC, Regency GP and Regency LLC); provided, (i) all such Indebtedness shall be evidenced by promissory notes and all such notes shall be subject to a first priority Lien pursuant to the Pledge Agreement, (ii) all
such Indebtedness shall be unsecured and subordinated in right of payment to the payment in full of the Obligations pursuant to the terms of the applicable promissory notes or an intercompany subordination agreement that in any such case is
reasonably satisfactory to the Administrative Agent, and (iii) any payment by any Restricted Person that is a Guarantor under any guaranty of the Obligations shall result in a pro rata reduction of the amount of any such Indebtedness owed by
such Guarantor to the Borrower or to any Restricted Subsidiary that is a Guarantor for whose benefit such payment is made; 

(c) Indebtedness in respect of bonds that are performance bonds, bid bonds, appeal bonds, surety bonds and similar obligations, in each
case provided in the ordinary course of business, including those incurred to secure health, safety and environmental obligations in the ordinary course of business; 
 (d) Indebtedness in respect of netting services, overdraft protections and otherwise in connection with deposit accounts; 
 (e) Indebtedness of (i) ETP LLC arising by operation of law as a result of ETP LLC being the general partner of ETP GP, (ii) ETP GP arising by operation of law as a result of ETP GP being the
general partner of ETP, (iii) Regency LLC arising by operation of law as a result of Regency LLC being the general partner of Regency GP, and (iv) Regency GP arising by operation of law as a result of Regency GP being the general partner
of Regency; 
 (f) Indebtedness in respect to future payment for non-competition covenants and similar payments under agreements
governing a Permitted Acquisition by a Restricted Person not to exceed at any time $5,000,000; 
 (g) Indebtedness of any Person
that becomes a Restricted Subsidiary after the Restatement Effective Date incurred prior to the time such Person becomes a Subsidiary, not to exceed at any time $15,000,000; provided that (i) such Indebtedness is not created in
contemplation of such Person becoming a Subsidiary and (ii) such Indebtedness is not assumed or Guaranteed by any other Restricted Person; 
 (h) other Indebtedness of the Borrower (and, without duplication, Guarantees thereof by Subsidiaries of the Borrower who are Guarantors of the Obligations hereunder) in an aggregate principal amount not
to exceed at any time $20,000,000; 
 (i) Senior Note Obligations; provided the amount of such Indebtedness shall not
exceed an aggregate principal amount of $1,800,000,000 outstanding at any one time and any refinancings, renewals or extensions of all or any part of any Senior Note Obligations (“Senior 


  
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Note Refinancing Indebtedness”), provided that (i) the maturity date of such Senior Note Refinancing Indebtedness is no earlier than one year after the Maturity Date,
(ii) there are no scheduled repayments of principal of such Senior Note Refinancing Indebtedness or sinking fund payments thereon prior to the date that is one year after the Maturity Date, (iii) the documents or instruments governing such
Indebtedness do not contain any maintenance financial covenant, (iv) such Indebtedness is not secured on a basis which is senior to the Loans and other Obligations under this Agreement, and (v) the principal amount of such Senior Note
Refinancing Indebtedness does not exceed the principal amount of Senior Note Obligations being refinanced, renewed or extended except by an amount equal to accrued and unpaid interest, prepayment premium, fees and expenses reasonably incurred in
connection with such refinancing, renewal or extension; 
 (j) Indebtedness under the Term Loan Credit Agreement and any Term
Loan Refinancing Indebtedness; provided the amount of all such Indebtedness, shall not exceed an aggregate principal amount of $2,000,000,000 outstanding at any one time except by an amount equal to accrued and unpaid interest, prepayment premium,
fees and expenses reasonably incurred in connection with any such Term Loan Refinancing Indebtedness; 
 (k) any Drop
Down/Transfer Guarantees and any Drop Down/Transfer Debt; and 
 (l) other Indebtedness not permitted by this
Section 7.01, provided that after giving pro forma effect to the incurrence of such Indebtedness, the Borrower shall be in compliance with the requirements of Section 7.12. 

7.02 Limitation on Liens. The Borrower shall not, and shall not permit any other Restricted Person to, create, assume or permit to exist
any Lien upon or with respect to any of its properties or assets now owned or hereafter acquired, except the following Liens (to the extent permitted by this Section, herein called “Permitted Liens”): 

(a) Liens existing on the Closing Date and listed in the Disclosure Schedule; 

(b) Liens imposed by any Governmental Authority for taxes, assessments or charges not yet due or the validity of which is being contested
in good faith and by appropriate proceedings, if necessary, for which adequate reserves are maintained on the books of any Restricted Person in accordance with GAAP; 
 (c) pledges or deposits of cash or securities under worker’s compensation, unemployment insurance or other social security legislation; 

(d) carriers’, warehousemen’s, mechanics’, materialmen’s, repairmen’s, landlord’s, or other like Liens
(including Liens on property of any Restricted Person in the possession of storage facilities, pipelines or barges) arising in the ordinary course of business for amounts which are not more than sixty (60) days past due or the validity of which
is being contested in good faith and by appropriate proceedings, if necessary, and for which adequate reserves are maintained on the books of any Restricted Person in accordance with GAAP; 

(e) deposits of cash or securities 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; 

  
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 (f) easements, rights-of-way, restrictions and other similar encumbrances incurred in
the ordinary course of business and encumbrances consisting of zoning restrictions, easements, licenses, restrictions on the use of real property or minor imperfections in title thereto which, in the aggregate, are not material in amount, and which
do not in any case materially detract from the value of the property subject thereto or interfere with the ordinary conduct of the business of any Restricted Person; 
 (g) rights reserved to or vested in any Governmental Authority by the terms of any right, power, franchise, grant, license or permit, or by any provision of law, to revoke or terminate any such right,
power, franchise, grant, license or permit or to condemn or acquire by eminent domain or similar process; 
 (h) rights reserved
to or vested by Law in any Governmental Authority to control or regulate in any manner any of the properties of any Restricted Person or the use thereof or the rights and interests of any Restricted Person therein under any and all Laws; 

(i) rights reserved to the grantors of any properties of any Restricted Person, and the restrictions, conditions, restrictive covenants
and limitations, in respect thereto, pursuant to the terms, conditions and provisions of any rights-of-way agreements, contracts or other agreements therewith; 
 (j) inchoate Liens in respect of pending litigation or with respect to a judgment that has not resulted in an Event of Default under Section 8.01; 

(k) statutory Liens in respect of payables; 
 (l) any Lien existing on any property prior to the acquisition thereof by the Borrower or any Subsidiary or existing on any property of any Person that becomes a Subsidiary after the date hereof prior to
the time such Person becomes a Subsidiary; provided that (i) such Lien is not created in contemplation of or in connection with such acquisition or such Person becoming a Subsidiary, as the case may be, (ii) such Lien shall not
apply to any other property of the Borrower or any Subsidiary, (iii) such Lien shall secure only those obligations which it secures on the date of such acquisition or the date such Person becomes a Subsidiary, as the case may be; and
(iv) such Liens together with all Liens permitted under Section 7.02(m) do not secure Indebtedness in excess of the amount permitted by Section 7.02(m); 

(m) Liens securing Indebtedness permitted by Sections 7.01(f), 7.01(g) or 7.01(h); provided that such Liens
do not secure Indebtedness that together with (but without duplication) all Indebtedness secured by Liens permitted under Section 7.02(l) exceeds a principal amount at any one time of $35,000,000; 

(n) Liens on cash margin collateral securing Hedging Contracts permitted under Section 7.10; 

  
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 (o) Liens in respect of operating leases covering only the property subject thereto; and

 (p) Liens securing (i) the Obligations, the Lender Hedging Obligations and the Other Hedging Obligations; (ii) the
Term Loan Obligations or any Term Loan Refinancing Indebtedness, in each case, permitted under Section 7.01; (iii) for so long as the Senior Note Obligations or any Senior Note Refinancing Indebtedness are required pursuant to the
terms of the Indenture or the documentation governing the Senior Note Refinancing Indebtedness to be equally and ratably secured with the Term Loan Obligations, the Senior Note Obligations or Senior Note Refinancing Indebtedness; and
(iv) obligations for other Indebtedness incurred pursuant to Section 7.01(l). 
 Notwithstanding any of the foregoing to the
contrary, no Liens of the kind set forth in clauses (a) through and including (o) above shall be permitted on the Equity Interests of the Company, SUG Holdco, ETP, ETP GP, ETP LLC, Regency, Regency GP or Regency LLC, other than those Liens
created to secure (i) the Obligations, the Lender Hedging Obligations and the Other Hedging Obligations; (ii) the Term Loan Obligations or any Term Loan Refinancing Indebtedness; (iii) for so long as the Senior Note Obligations are
required pursuant to the terms of the Indenture to be equally and ratably secured with the Term Loan Obligations, the Senior Note Obligations; and (iv) obligations for other Indebtedness incurred pursuant to Section 7.01(l).

 7.03 Limitation on Mergers, Issuances of Subsidiary Securities. The Borrower shall not, and shall not permit any other
Restricted Person to, enter into any transaction of merger or consolidation or amalgamation, or liquidate, wind up or dissolve itself or suffer any liquidation or dissolution, except (a) the Acquisition, (b) Permitted Acquisitions,
(c) the merger, dissolution or liquidation into or consolidation of a Restricted Subsidiary (other than ETP GP, ETP LLC, Regency GP or Regency LLC) with or into the Borrower (so long as the Borrower is the surviving entity) or another
Restricted Subsidiary (other than ETP GP, ETP LLC, Regency GP or Regency LLC) (so long as if one such Restricted Person is a Guarantor, the surviving entity shall be a Guarantor) and (d) any Restricted Person, other than the Borrower, may
dissolve so long as such dissolution could not reasonably be expected to result in a Material Adverse Effect or have a material adverse effect on the value of the Guaranty or the Collateral. Except in connection with a sale of all of the Equity
Interest of a Restricted Subsidiary permitted under Section 7.04: (i) the Borrower will not, and will not permit any Restricted Subsidiary to, sell, transfer or otherwise dispose the Equity Interest of any Restricted Subsidiary and
no Restricted Subsidiary will issue any additional Equity Interests if such action will result in or allow any diminution of the Borrower’s Equity Interest (direct or indirect) in such Restricted Subsidiary; and (ii) no Restricted
Subsidiary of the Borrower that is a partnership will allow any diminution of the Borrower’s interest (direct or indirect) in such Restricted Subsidiary. 
 7.04 Limitation on Sales of Property. The Borrower shall not, and shall not permit any other Restricted Person to, sell, transfer, lease, exchange, alienate or dispose of any of its property or any
material interest therein except: 
 (a) in respect of Borrower, (or any Restricted Subsidiary that holds limited partnership
units of an MLP), and in respect of ETP GP, ETP LLC, Regency GP or Regency 

  
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LLC: (i) the sale of stock or other securities issued by a Restricted Subsidiary of a Restricted Person in order to qualify directors if required by applicable law, (ii) the sale of
immaterial assets (other than stock or securities, including partnership units) in the ordinary course, (iii) the sale of limited partnership units of an MLP or Equity Interests of the Company held directly or indirectly by the Borrower,
provided that with respect to this clause (iii) (A) no Default or Event of Default shall have occurred or be continuing or would result therefrom, (B)(1) the aggregate sale of limited partnership units of ETP from and after the
Restatement Effective Date shall not exceed 25% of such units owned by the Borrower or of such units owned by its Restricted Subsidiaries as of such date, (2) the aggregate sale of Equity Interests of the Company held directly or indirectly by
the Borrower from and after the Restatement Effective Date shall not exceed 50% of such Equity Interests held directly or indirectly by the Borrower as of such date and (3) the aggregate sale of limited partnership units of Regency from and
after the Restatement Effective Date shall not exceed 25% of such units owned by the Borrower or of such units owned by its Restricted Subsidiaries as of the Restatement Effective Date, and (C) after giving effect to such sale on a pro forma
basis as if it had occurred on the first day of the test period most recently ended, the Borrower shall be in compliance with Section 7.12; 
 (b) in respect of any Restricted Subsidiary of the Borrower, other than ETP GP, ETP LLC, Regency GP or Regency LLC that owns operating assets acquired after the Closing Date, the following in respect of
such operating assets: (i) equipment and other personal property and fixtures that are either (A) obsolete for their intended purposes and disposed of in the ordinary course of business, or (B) replaced by personal property or
fixtures of comparable suitability owned by such Restricted Person free and clear of all Liens except Permitted Liens; (ii) inventory which is sold in the ordinary course of business on ordinary trade terms; (iii) property sold or
transferred by any Restricted Subsidiary to any other Restricted Subsidiary (so long as if the transferor is a Guarantor, the transferee shall be a Guarantor); (iv) assignment of accounts receivable for collection purposes in the ordinary
course of business; (v) property sold to comply with any divestment requirement imposed in connection with the approval of an acquisition under Hart-Scott-Rodino Act of 1976; (vi) sales, transfers or other dispositions of other property or
issuances or sales of Equity Interests of any Restricted Subsidiary, in any case for fair consideration that are in the best interests of the Borrower not to exceed $10,000,000 on a cumulative basis, provided that immediately after giving
effect to such proposed disposition no Default or Event of Default shall exist and be continuing; and (vii) sales, transfers or other dispositions of other property for cash that are in the best interests of the Borrower to any Person;
provided, that with respect to this clause (vii) (A) no Default or Event of Default shall have occurred or be continuing or would result therefrom, (B) after giving effect to such sale on a pro forma basis as if it had occurred
on the first day of the test period most recently ended, the Borrower shall be in compliance with Section 7.12, and (C) such sale, transfer or disposition is in exchange for other assets used by the Borrower or its Restricted
Subsidiaries in the furtherance of their business; 
 (c) ETP GP may exchange all or part of the incentive distribution rights
owned by it for limited partnership units of ETP of not less than substantially equivalent value as of the date of such exchange; 
 (d) ETP GP or Regency GP may relinquish incentive distribution rights in connection with any Drop Down; 

  
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 (e) in connection with any Drop Down; provided that with respect to this clause (e), the
Net Asset Sale Proceeds thereof are applied to prepay the Term Loans as contemplated, and if required, by the Term Loan Credit Agreement; and 
 (f) the Borrower may make Restricted Payments permitted by Section 7.05. 
 Except as
expressly permitted by this Section 7.04, in no event shall the Borrower sell, transfer, lease, exchange, alienate or dispose of its interests in the Company, a Drop Down Entity, ETP GP, ETP LLC, Regency GP or Regency LLC nor permit ETP
LLC to sell, transfer, lease, exchange, alienate or dispose of its interests in ETP GP nor permit ETP GP to sell, transfer, lease, exchange, alienate or dispose of its interests in ETP nor permit Regency LLC to sell, transfer, lease, exchange,
alienate or dispose of its interest in Regency GP nor permit Regency GP to sell, transfer, lease, exchange, alienate or dispose of its interests in Regency. 
 7.05 Limitation on Restricted Payment. The Borrower shall not, and shall not permit any other Restricted Person to, declare or make, directly or indirectly any Restricted Payments. Notwithstanding
the foregoing, (a) no Restricted Person shall be restricted, directly or indirectly, from declaring and making Restricted Payments to another Restricted Person, (b) the Borrower may purchase its common limited partnership units and redeem
the Restructuring Preferred Units or the Drop Down Equity, so long as in connection with each such purchase or redemption (i) no Event of Default has occurred and is continuing or would result therefrom, (ii) prior to and after giving
effect thereto, the Leverage Ratio of the Borrower is not greater than 5.0 to 1.0, and (iii) the sum of the Borrower’s Cash on hand plus the amount of Cash that is available to be borrowed under the Commitments without resulting in the
Leverage Ratio of the Borrower being greater than 5.0 to 1.0, is greater than $10,000,000, (c) so long as the Borrower shall be in compliance with Section 7.12 prior to and after giving effect to any distribution, and so long as no
Event of Default has occurred and is continuing or would result therefrom, the Borrower may declare or order and make, pay or set apart, during each Fiscal Quarter, Restricted Payments consisting of cash distribution to its general partner, its
preferred limited partner unit holders, its Drop Down Equity holders and its common limited partner unit holders pursuant to the requirements of the Partnership Agreement, the Restructuring Preferred Units or the Drop Down Equity and (d) the
Borrower may redeem Restructuring Preferred Units either with the Net Asset Sale Proceeds of any Asset Sale of limited partnership units in an MLP or by exchanging or distributing limited partnership units in an MLP to the holders of the
Restructuring Preferred Units; provided, that in any case, such redemption would be permitted under Section 7.05(b). 
 7.06 Limitation on Investments, Loans and Advances. The Borrower shall not, and shall not permit any other Restricted Person to, make or commit to make any capital contributions to, or make or hold any
other Investments in, any Person, other than Permitted Investments, nor acquire properties or assets except (a) in the ordinary course of business, (b) any acquisition of capital assets that will become a part of the operations of such
Restricted Person (and provided that the same shall not result in a violation of Section 7.08), (c) Investments in connection with the Acquisition or any Drop Down and (d) any Permitted Acquisition. Except for Permitted
Investments and Hedging Contracts permitted under Section 7.10, the Borrower shall not, and shall not permit any other Restricted Person to, extend credit, make advances or make loans other than normal and prudent extensions of credit to
customers in the ordinary course of business or to another Restricted Person in the ordinary course of business, which extensions shall not be for longer periods than those extended by similar businesses operated in a normal and prudent manner.


  
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 7.07 Transactions with Shareholders and Affiliates. No Restricted Person shall, directly
or indirectly, enter into or permit to exist any transaction (including the purchase, sale, lease or exchange of any property or the rendering of any service) with any holder of 5% or more of any class of Equity Interests of a Restricted Person or
with any Affiliate of a Restricted Person, on terms that are less favorable to such Restricted Person than those that might be obtained at the time from a Person who is not such a holder or Affiliate; provided, that the foregoing restriction
shall not apply to: (a) any transaction between Restricted Persons; (b) reasonable and customary fees paid to members of the board of directors (or similar governing body) of the Borrower and its Restricted Subsidiaries;
(c) compensation arrangements for officers and other employees of any Restricted Person entered into in the ordinary course of business; (d) the transactions that are the subject of an MLP Limited Partnership Agreement;
(e) transactions between a Restricted Person on the one hand and an MLP and the general partner of such MLP and their respective Subsidiaries on the other hand similar to those typically addressed in omnibus agreements between the sponsors of a
publicly traded limited partnership on the one hand and the publicly traded partnership on the other hand; (f) the transactions that are the subject of the Shared Services Agreement dated August 26, 2005 by and between ETP and the
Borrower, as amended or replaced from time to time; (g) the transactions that are the subject of the Services Agreement by and among ETE Services Company, LLC, the Borrower and Regency in substantially the form attached as Exhibit H to that
certain Contribution Agreement dated May 10, 2010 providing for a portion of the Restructuring Transactions, as amended or replaced from time to time; (h) transactions entered into in the ordinary course of business of such Restricted
Person on terms that are no less favorable to such Restricted Person than those which would have been obtainable at the time in an arm’s length transaction with Persons that are not Affiliates; (i) the Acquisition and any Drop Down;
(k) the Drop Down Equity or Drop Down/Transfer Debt; (l) transactions between Restricted Persons, on the one hand, and the Company and its subsidiaries, on the other hand, that are approved by the Borrower’s board of directors (or
similar governing body); and (m) the Drop Down/Transfer Guarantees. 
 7.08 Conduct of Business. The Borrower shall not
engage in any business other than (a) the Permitted Line of Business and (b) such other lines of business as may be consented to by Majority Lenders. ETP GP shall not engage in any business other than acting as the general partner of ETP,
ETP LLC shall not engage in any business other than acting as the general partner of ETP GP, Regency LLC shall not engage in any business other than acting as the general partner of Regency GP, and Regency GP shall not engage in any business other
than acting as the general partner of Regency. 
 7.09 Restrictive and Negative Pledge Agreements. Except as provided for in the
Loan Documents or as described in the Disclosure Schedule, the documents governing the Senior Notes or the Senior Note Refinancing Indebtedness (which are not more restrictive than those contained in the Indenture), the Term Loan Documents, the
documents governing any Term Loan Refinancing Indebtedness (to the extent not more restrictive than the terms of this Agreement), and any Indebtedness incurred pursuant to Section 7.01(l) (to the extent not more restrictive than the
terms of this Agreement), the Borrower shall not, and shall not permit any other Restricted Person to, directly or indirectly, enter into, create, or otherwise allow to exist 

  
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any contract or other consensual restriction on (a) the ability of any Restricted Subsidiary to: (i) pay dividends or make other distributions; (ii) redeem Equity Interests held in
it by the Borrower or another Restricted Subsidiary; (iii) repay loans and other indebtedness owing by it to the Borrower or another Restricted Subsidiary; or (iv) transfer any of its assets to the Borrower or another Restricted
Subsidiary; or (b) the ability of any Restricted Person to create Liens on any of its assets or property to secure the Obligations or Lender Hedging Obligations. 
 7.10 Hedging Contracts. The Borrower shall not, and shall not permit any other Restricted Person to, be a party to or in any manner be liable on any Hedging Contract except any Hedging Contracts
(a) entered into by such Person in the ordinary course of business for the purpose of fixing interest rates on Indebtedness or for the purpose of directly mitigating risks or reducing costs associated with liabilities, commitments, investments,
assets, or property held or reasonably anticipated by such Person in the normal course of business, and not for purposes of speculation, (b) that does not contain any provision exonerating the non-defaulting party from its obligation to make
payments on outstanding transactions to the defaulting party, and (c) that is with a counterparty whose obligations are rated (or are guaranteed by an affiliate whose obligations are rated) A-/A3 or better, respectively, by the Rating Agencies
or are in accordance with the risk management policies of the Borrower as such policies have been adopted or amended from time to time and disclosed to the Lenders. 
 7.11 Commingling of Deposit Accounts and Accounts. The Borrower shall not, and shall not permit any of its Restricted Subsidiaries to, commingle their respective Deposit Accounts or Accounts (as such
terms are defined in Article 9 of the UCC) with the Deposit Accounts or Accounts of any of its Unrestricted Persons. 
 7.12
Financial Covenants. 
 (a) Leverage Ratio of the Borrower. (i) On each Quarterly Testing Date using the Consolidated
Funded Debt of the Borrower outstanding on such day and using Consolidated EBITDA of the Borrower as of such day, (ii) on the date of each acquisition or disposition of limited partnership units of an MLP or of any Specified Acquisition using
the Consolidated Funded Debt of the Borrower that will be outstanding after giving effect to such acquisition or disposition and using Consolidated EBITDA of the Borrower for the four Fiscal Quarter period most recently ending prior to such
acquisition or disposition for which financial statements contemplated by Section 6.02(b) are available to the Borrower (and giving pro forma effect to such acquisition or disposition as provided in the definition of Consolidated EBITDA
of the Borrower), and (iii) on each date on which the Borrower makes a distribution permitted under Section 7.05, after giving effect thereto and using Consolidated EBITDA of the Borrower for the four Fiscal Quarter period most
recently ending prior to such date for which financial statements contemplated by Section 6.02(b) are available to the Borrower, the Leverage Ratio of the Borrower will not exceed (A) 5.5 to 1.0 at any time other than during a
Specified Acquisition Period and (B) 6.0 to 1.0 during a Specified Acquisition Period. 
 (b) Fixed Charge Coverage
Ratio. On each Quarterly Testing Date, the ratio of (i) Consolidated EBITDA of the Borrower for each period of four consecutive Fiscal Quarters to (ii) Consolidated Fixed Charges for such period will not be less than 1.5 to 1.0.


  
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 (c) Value to Loan Ratio. The ratio as of any date of (i) Value on such date
to (ii) the outstanding principal amount of Loans, LC Obligations, the principal amount of the Term Loans and any Term Loan Refinancing Indebtedness, for so long as the Senior Note Obligations or any Senior Note Refinancing Indebtedness are
required pursuant to the terms of the Indenture or the documentation governing the Senior Note Refinancing Indebtedness to be equally and ratably secured with the Term Loan Obligations, the principal amount of the Senior Notes or Senior Note
Refinancing Indebtedness, the principal amount of any Indebtedness secured pursuant to clause (iv) of Section 7.02(p), and Hedging Termination Value of Lender Hedging Obligations and Other Hedging Obligations on such date, will never be
less than 2.0 to 1.0. 
 7.13 Amendments or Waivers of Certain Agreements; Material Contracts. Except in connection with the
transactions described in Section 7.04(d), the Borrower shall not, and shall not permit any other Restricted Person to, agree to any material amendment, restatement, supplement or other modification to, or waiver of, any of its material rights
under any organizational document (other than a change in domicile to Delaware or as otherwise permitted hereunder), the Merger Agreement or any material agreement, judgment, license or permit after the Restatement Effective Date that could
reasonably be expected to have a Material Adverse Effect without in each case obtaining the prior written consent of Majority Lenders to such amendment, restatement, supplement or other modification or waiver. 

7.14 Sales and Lease-Back Transactions. The Borrower shall not, and shall not permit any other Restricted Person to, directly or
indirectly, enter any Sale and Lease—Back Transaction. 
 7.15 Fiscal Year. The Borrower shall not, and shall not permit
any other Restricted Person to, change its Fiscal Year-end without giving 15 days prior written notice thereof to the Administrative Agent. 
 7.16 Tax Status. The Borrower shall not, and shall not permit any other Restricted Person existing as of the Restatement Effective Date to, take any action that would result in a change in the tax
pass-through status of any Restricted Person existing as of the Restatement Effective Date. 
 ARTICLE VIII. 

EVENTS OF DEFAULT AND REMEDIES 
 8.01 Events of Default. Each of the following events constitutes an Event of Default under this Agreement (each, an “Event of Default”): 

(a) Any Restricted Person fails to pay the principal component of any Loan or any reimbursement obligation with respect to any Letter of
Credit when due and payable, whether at a date for the payment of a fixed installment or as a contingent or other payment becomes due and payable or as a result of acceleration or otherwise; 

(b) Any Restricted Person fails to pay any Obligation (other than the Obligations in Section 8.01(a)), whether at a date for
the payment of a fixed installment or as a contingent or other payment becomes due and payable or as a result of acceleration or otherwise, within five Business Days after the same becomes due; 

  
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 (c) Any event defined as a “default” or “event of default” in any
Loan Document (other than this Agreement) occurs, and the same is not remedied within the applicable period of grace (if any) provided in such Loan Document; 
 (d) Any Restricted Person fails to duly observe, perform or comply with any covenant, agreement or provision of Section 6.04 or Article VII; 

(e) Any Restricted Person fails (other than as referred to in Sections 8.01(a), (b), (c) or
(d) above) to duly observe, perform or comply with any covenant, agreement, condition or provision of any Loan Document to which it is a party, and such failure remains unremedied for a period of thirty (30) days after the earlier
of (i) a Responsible Officer of the Borrower becomes aware of such failure or (ii) notice of such failure is given by the Administrative Agent to the Borrower; 
 (f) Any representation or warranty previously, presently or hereafter made in writing by or on behalf of any Restricted Person in connection with any Loan Document shall prove to have been false or
incorrect in any material respect on any date on or as of which made; 
 (g) (i) Any Loan Document, including any Guaranty, at
any time ceases to be valid, binding and enforceable as warranted in Section 5.05 for any reason other than as expressly permitted hereunder or thereunder (including because of its release by the Lenders or the Administrative Agent (as
permitted under Section 9.10)) or the satisfaction in full of all Obligations, (ii) any Loan Document shall be declared null and void, (iii) the Borrower or any Restricted Person shall repudiate in writing its obligations under
any Loan Document to which it is party, (iv) the Borrower or any Restricted Person shall contest the validity or enforceability of any Loan Document in writing or deny in writing that it has any further liability under any Loan Document to
which it is party, or (v) any Collateral Document ceases to be in full force and effect (other than as expressly permitted hereunder or thereunder by reason of a release of Collateral in accordance with the terms hereof or thereof or the
satisfaction in full of the Obligations in accordance with the terms hereof), or the Collateral Agent shall not have or shall cease to have, or any Restricted Person shall assert in writing that the Collateral Agent shall not have or shall cease to
have, a valid and perfected Lien in any Collateral purported to be covered by the Collateral Documents with the priority required by the relevant Collateral Document, in each case for any reason other than the failure of the Collateral Agent to take
any action within its control; 
 (h) (i) The Borrower, any of its Subsidiaries or any Unrestricted Person (A) fails to
make any payment when due (whether by scheduled maturity, required prepayment, acceleration, demand, or otherwise) in respect of any Indebtedness or Guarantee (other than Indebtedness hereunder and Indebtedness under Hedging Contracts, but including
the Senior Note Obligations and Indebtedness under the Term Loan Credit Agreement) having an aggregate principal amount (including undrawn committed or available amounts and including amounts owing to all creditors under any combined or syndicated
credit arrangement) of more than $10,000,000 in respect of the Borrower or any of its Subsidiaries or of more than $50,000,000 in respect of an 

  
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MLP, the Company, any Drop Down Entity or any of their respective subsidiaries, or (B) fails to observe or perform any other agreement or condition relating to any such Indebtedness or
Guarantee or contained in any instrument or agreement evidencing, securing or relating thereto, or any other event occurs, in each case, following any applicable cure period, 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 Guarantee (or a trustee or agent on behalf of such holder or holders or beneficiary or beneficiaries) to cause, with the giving of notice if required, such
Indebtedness to be demanded or to become due or to be repurchased, prepaid, defeased or redeemed (automatically or otherwise), or an offer to repurchase, prepay, defease or redeem such Indebtedness to be made, prior to its stated maturity, or such
Guarantee to become payable or cash collateral in respect thereof to be demanded; or (ii) there occurs under any Hedging Contract an Early Termination Date (as defined in such Hedging Contract) resulting from (A) any event of default under
such Hedging Contract as to which the Borrower or any Subsidiary or any Unrestricted Person is the Defaulting Party (as defined in such Hedging Contract) or (B) any Termination Event (as defined in such Hedging Contract) under such Hedging
Contract as to which the Borrower or any Subsidiary or any Unrestricted Person is an Affected Party (as so defined) and, in either event, the Hedging Termination Value owed by the Borrower or such Subsidiary or such Unrestricted Person to a single
counterparty as a result thereof is greater than $10,000,000 in respect of the Borrower or any of its Subsidiaries or greater than $50,000,000 in respect of an MLP, the Company, any Drop Down Entity, or any of their respective subsidiaries, for such
Hedging Contract and, in the case of a Termination Event under clause (ii)(B), any Hedging Termination Value payable by the Borrower, any of its Subsidiaries or an MLP, the Company, any Drop Down Entity, or any of their respective subsidiaries is
not paid when due; 
 (i) Either (i) an “accumulated funding deficiency” or failure to meet applicable minimum
“funding standards” (each as defined in Section 412(a) of the Code) in excess of $10,000,000 exists with respect to any ERISA Plan, whether or not waived by the Secretary of the Treasury or his delegate, or (ii) a Termination
Event occurs which could reasonably be expected to result in a liability to the Borrower or any Restricted Subsidiary in an amount in excess of $10,000,000; 
 (j) The Borrower, any of its Subsidiaries or any Material Unrestricted Person: 
 (i) has entered against it a judgment, decree or order for relief by a Tribunal of competent jurisdiction in an involuntary proceeding commenced under any applicable bankruptcy, insolvency or other
similar Law of any jurisdiction now or hereafter in effect, including the federal Bankruptcy Code, as from time to time amended, or has any such proceeding commenced against it, in each case, which remains undismissed for a period of sixty
(60) days; or 
 (ii) commences a voluntary case under any applicable bankruptcy, insolvency or similar Law
now or hereafter in effect, including the federal Bankruptcy Code, as from time to time amended; or applies for or consents to the entry of an order for relief in an involuntary case under any such Law; or makes a general assignment for the benefit
of creditors; or is generally unable to pay (or admits in writing its inability to so pay) its debts as such debts become due; or takes corporate or other action to authorize any of the foregoing; or 

  
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 (iii) has entered against it the appointment of or taking possession by
a receiver, liquidator, assignee, custodian, trustee, sequestrator or similar official of all or a substantial part of its assets in a proceeding brought against or initiated by it, and such appointment or taking possession is neither made
ineffective nor discharged within sixty (60) days after the making thereof, or such appointment or taking possession is at any time consented to, requested by, or acquiesced to by it; or 

(iv) has entered against it a final judgment for the payment of money in excess of more than $10,000,000 in respect of the
Borrower or any of its Subsidiaries or of more than $50,000,000 in respect of an MLP, the Company, any Drop Down Entity, or any of their respective subsidiaries (in each case not covered by insurance or third party indemnification obligations
satisfactory to the Administrative Agent), unless the same is discharged within sixty (60) days after the date of entry thereof or an appeal or appropriate proceeding for review thereof is taken within such period and a stay of execution
pending such appeal is obtained; or 
 (v) suffers a writ or warrant of attachment or any similar process to be
issued by any Tribunal against all or any substantial part of its assets, and such writ or warrant of attachment or any similar process is not stayed or released within sixty (60) days after the entry or levy thereof or after any stay is
vacated or set aside; 
 (k) Any Change of Control occurs; or 

(l) Except as permitted in the Applicable MLP Credit Agreement, an MLP shall, or shall permit any of its subsidiaries to, create or
otherwise cause or suffer to exist or become effective any consensual encumbrance or restriction of any kind on the ability of any of its subsidiaries to (i) pay dividends or make any other distributions on any of such subsidiary’s Equity
Interests owned by such MLP or any other subsidiary, (ii) repay or prepay any Indebtedness owed by such subsidiary to such MLP or any subsidiary of such MLP, (iii) make loans or advances to such MLP or any subsidiary of such MLP, or
(iv) transfer any of its property or assets to such MLP or any subsidiary of such MLP other than restrictions that are or were created by virtue of any transfer of, agreement to transfer or option or right with respect to any property, assets
or Equity Interests not otherwise prohibited under this Agreement; provided, that (1) the foregoing shall not apply to customary restrictions or conditions imposed by law, restrictions contained in the applicable MLP Limited Partnership
Agreement as in effect on the Restatement Effective Date, the Applicable MLP Credit Agreement, any other applicable MLP Credit Document, any documents governing Indebtedness assumed as part of a Transfer or Drop Down, or to any such restrictive
provisions that are no less favorable to the Lenders than those contained in agreements similar to any such agreements, (2) the foregoing shall not apply to any customary restrictions on distributions that become effective upon the occurrence
of a default or event of default under any financing agreement to which such MLP or any subsidiary of such MLP is a party, so long as such restrictions are on terms no less favorable to the Lenders than similar restrictions under the Applicable MLP
Credit Agreement, and (3) the foregoing shall not apply to customary restrictions and conditions contained in agreements relating to the sale of any subsidiary of such MLP pending such sale, provided such restrictions and conditions
apply to the subsidiary of such MLP that is sold and such sale is permitted under the Applicable MLP Credit Agreement, except as otherwise approved by the General Partner. 

  
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 8.02 Remedies Upon Event of Default. If any Event of Default occurs and is continuing,
the Administrative Agent shall, at the request of, or may, with the consent of, the Majority Lenders, take any or all of the following actions: 
 (a) declare the Commitments, the Swingline Commitment and any obligation of the LC Issuer to make LC 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, notice of intent to accelerate, notice of acceleration or other notice of any kind, all of which are hereby
expressly waived by the Borrower; 
 (c) require that the Borrower Cash Collateralize the LC Obligations (in an amount equal to
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; 
 provided, however, that upon the occurrence of an Event of Default described in
subsections (j)(i), (j)(ii) or (j)(iii) of Section 8.01, the Commitments, the Swingline Commitment and any obligation of the LC Issuer to make LC 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 LC Obligations as aforesaid shall automatically become
effective, in each case without further act of the Administrative Agent or any Lender. 
 8.03 Application of Funds. After
the exercise of remedies provided for in Section 8.02 (or after the Loans have automatically become immediately due and payable and the LC Obligations have automatically been required to be Cash Collateralized as set forth in the proviso
to Section 8.02), any amounts received on account of the Obligations (including amounts received from the Collateral Agent under the Collateral Documents) shall be applied by the Administrative Agent in the following order: 

First, to payment of that portion of the Obligations constituting fees, indemnities, expenses and other amounts (including fees,
charges and disbursements of counsel to the Administrative Agent and amounts payable under Article III) payable to the Administrative Agent in its capacity as such; 
 Second, to payment of that portion of the Obligations constituting fees, indemnities and other amounts (other than principal and interest) payable to the Lenders and the LC Issuer (including fees,
charges and disbursements of counsel to the respective Lenders and the LC Issuer (including fees and time charges for attorneys who may be employees of any Lender or the LC Issuer) and amounts payable under Article III), ratably among them in
proportion to the amounts described in this clause Second payable to them; 

  
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 Third, to payment of that portion of the Obligations constituting accrued and
unpaid interest on the Loans, Matured LC Obligations, other Obligations and Lender Hedging Obligations, ratably among the Lenders, any Affiliate of a Lender (in respect of Lender Hedging Obligations) and the LC Issuer in proportion to the respective
amounts described in this clause Third payable to them; 
 Fourth, to payment of the remaining portion of the
Lender Hedging Obligations and the remaining portion of the Obligations, whether constituting unpaid principal of the Loans and Matured LC Obligations or other amounts, and to the Administrative Agent for the account of the LC Issuer to Cash
Collateralize that portion of LC Obligations comprised of the aggregate undrawn amount of Letters of Credit, ratably among the Lenders, any Affiliate of a Lender (in respect of Lender Hedging Obligations) and the Administrative Agent for the account
of the LC Issuer in proportion to the respective amounts described in this clause Fourth held by them; and 

Last, the balance, if any, after all of the Obligations have been indefeasibly paid in full, to the Borrower or as otherwise
required by Law. 
 Amounts used to Cash Collateralize the aggregate undrawn amount of Letters of Credit pursuant to clause Fourth above
shall be applied to satisfy drawings under such Letters of Credit as they occur. If any amount remains on deposit as LC Collateral after all Letters of Credit have either been fully drawn or expired, such remaining amount shall be applied to the
other Obligations, if any, in the order set forth above. 
 ARTICLE IX. 

ADMINISTRATIVE AGENT 
 9.01 Appointment and Authority. Each of the Lenders and the LC Issuer hereby irrevocably appoints Credit Suisse AG to act on its behalf as the Administrative Agent hereunder and under the other Loan
Documents and authorizes the Administrative Agent to take such actions on its behalf and to exercise such powers as are delegated to the Administrative Agent by the terms hereof or thereof, together with such actions and powers as are reasonably
incidental thereto. Without limiting the foregoing, each Lender irrevocably authorizes and directs the Administrative Agent to (a) upon the request of the Borrower in connection with any incurrence of Term Loan Refinancing Indebtedness, enter
into one or more amendments to the Collateral Documents as may be agreed between the Borrower and the Administrative Agent to effectuate the Term Loan Refinancing Indebtedness, (b) upon the request of the Borrower in connection with the
incurrence of Senior Note Refinancing Indebtedness or Term Loan Refinancing Indebtedness, enter into intercreditor arrangements with the agent or lenders in respect of such Senior Note Refinancing Indebtedness or Term Loan Refinancing Indebtedness
to reflect the pari passu or junior nature of the Lien securing the Collateral in respect of such Senior Note Refinancing Indebtedness or Term Loan Refinancing Indebtedness, and (c) upon the request of the Borrower in connection with any
incurrence of Indebtedness pursuant to Section 7.01(l), enter into any amendments to any Collateral Document to include such Indebtedness as a secured obligation thereunder or any intercreditor arrangements with the trustee, agent or
lenders in respect of such Indebtedness to reflect the pari passu or junior nature of the Lien securing the Collateral in respect of such Indebtedness. The provisions of this Article are solely for the benefit of the Administrative Agent, the
Lenders and the LC Issuer, and the Borrower shall not have rights as a third party beneficiary of any of such provisions. 

  
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 9.02 Rights as a Lender. The Person serving as the Administrative Agent
hereunder shall have the same rights and powers in its capacity as a Lender as any other Lender and may exercise the same as though it were not the Administrative Agent and the term “Lender” or “Lenders” shall, unless otherwise
expressly indicated or unless the context otherwise requires, include the Person serving as the Administrative Agent hereunder in its individual capacity. Such Person and its Affiliates may accept deposits from, lend money to, act as the financial
advisor or in any other advisory capacity for and generally engage in any kind of business with the Borrower or any Subsidiary or other Affiliate thereof as if such Person were not the Administrative Agent hereunder and without any duty to account
therefor to the Lenders. 
 9.03 Exculpatory Provisions. The Administrative Agent shall not have any duties or
obligations except those expressly set forth herein and in the other Loan Documents. Without limiting the generality of the foregoing, the Administrative Agent: 
 (a) shall not be subject to any fiduciary or other implied duties, regardless of whether a Default has occurred and is continuing; 
 (b) shall not have any duty to take any discretionary action or exercise any discretionary powers, except discretionary rights and powers expressly contemplated hereby or by the other Loan Documents that
the Administrative Agent is required to exercise as directed in writing by the Majority Lenders (or such other number or percentage of the Lenders as shall be expressly provided for herein or in the other Loan Documents), provided that the
Administrative Agent shall not be required to take any action that, in its opinion or the opinion of its counsel, may expose the Administrative Agent to liability or that is contrary to any Loan Document or applicable law; and 

(c) shall not, except as expressly set forth herein and in the other Loan Documents, have any duty to disclose, and shall not be liable
for the failure to disclose, any information relating to the Borrower or any of its Affiliates that is communicated to or obtained by the Person serving as the Administrative Agent or any of its Affiliates in any capacity. 

The Administrative Agent shall not be liable for any action taken or not taken by it (i) with the consent or at the request of the
Majority Lenders (or such other number or percentage of the Lenders as shall be necessary, or as the Administrative Agent shall believe in good faith shall be necessary, under the circumstances as provided in Sections 10.01 and
8.02) or (ii) in the absence of its own gross negligence or willful misconduct. The Administrative Agent shall be deemed not to have knowledge of any Default unless and until written notice describing such Default is given to the
Administrative Agent by the Borrower, a Lender or the LC Issuer. 
 The Administrative Agent shall not be responsible for or
have any duty to ascertain or inquire into (i) any statement, warranty or representation made in or in connection with this Agreement or any other Loan Document, (ii) the contents of any certificate, report or other document delivered
hereunder or thereunder or in connection herewith or therewith, (iii) the performance or observance of any of the covenants, agreements or other terms or conditions set 

  
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forth herein or therein or the occurrence of any Default, (iv) the validity, enforceability, effectiveness or genuineness of this Agreement, any other Loan Document or any other agreement,
instrument or document or (v) the satisfaction of any condition set forth in Article IV or elsewhere herein, other than to confirm receipt of items expressly required to be delivered to the Administrative Agent. 

9.04 Reliance by Administrative Agent. The Administrative Agent shall be entitled to rely upon, and shall not incur any
liability for relying upon, any notice, request, certificate, consent, statement, instrument, document or other writing (including any electronic message, Internet or intranet website posting or other distribution) believed by it to be genuine and
to have been signed, sent or otherwise authenticated by the proper Person. The Administrative Agent also may rely upon any statement made to it orally or by telephone and believed by it to have been made by the proper Person, and shall not incur any
liability for relying thereon. In determining compliance with any condition hereunder to the making of a Loan, or the issuance of a Letter of Credit, that by its terms must be fulfilled to the satisfaction of a Lender or the LC Issuer, the
Administrative Agent may presume that such condition is satisfactory to such Lender or the LC Issuer unless the Administrative Agent shall have received notice to the contrary from such Lender or the LC Issuer prior to the making of such Loan or the
issuance of such Letter of Credit. The Administrative Agent may consult with legal counsel (who may be counsel for the Borrower), independent accountants and other experts selected by it, and shall not be liable for any action taken or not taken by
it in accordance with the advice of any such counsel, accountants or experts. 
 9.05 Delegation of Duties. The
Administrative Agent may perform any and all of its duties and exercise its rights and powers hereunder or under any other Loan Document by or through any one or more sub-agents appointed by the Administrative Agent. The Administrative Agent and any
such sub-agent may perform any and all of its duties and exercise its rights and powers by or through their respective Related Parties. The exculpatory provisions of this Article shall apply to any such sub-agent and to the Related Parties of the
Administrative Agent and any such sub-agent, and shall apply to their respective activities in connection with the syndication of the credit facilities provided for herein as well as activities as the Administrative Agent. 

9.06 Resignation of Administrative Agent. The Administrative Agent may at any time give notice of its resignation to the
Lenders, the LC Issuer and the Borrower. Upon receipt of any such notice of resignation, the Majority Lenders shall have the right, in consultation with the Borrower, to appoint a successor, which shall be a bank with an office in New York, or an
Affiliate of any such bank with an office in New York. If no such successor shall have been so appointed by the Majority Lenders and shall have accepted such appointment within 30 days after the retiring Administrative Agent gives notice of its
resignation, then the retiring Administrative Agent may on behalf of the Lenders and the LC Issuer, appoint a successor Administrative Agent meeting the qualifications set forth above; provided that if the Administrative Agent shall notify
the Borrower and the Lenders that no qualifying Person has accepted such appointment, then such resignation shall nonetheless become effective in accordance with such notice and (a) the retiring Administrative Agent shall be discharged from its
duties and obligations hereunder and under the other Loan Documents (except that in the case of any Cash Collateral held by the Administrative Agent on behalf of the Lenders or the LC 

  
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Issuer under any of the Loan Documents, the retiring Administrative Agent shall continue to hold such Cash Collateral until such time as a successor Administrative Agent is appointed) and
(b) all payments, communications and determinations provided to be made by, to or through the Administrative Agent shall instead be made by or to each Lender and the LC Issuer directly, until such time as the Majority Lenders appoint a
successor Administrative Agent as provided for above in this Section. Upon the acceptance of a successor’s appointment as Administrative Agent hereunder, such successor shall succeed to and become vested with all of the rights, powers,
privileges and duties of the retiring (or retired) Administrative Agent, and the retiring Administrative Agent shall be discharged from all of its duties and obligations hereunder or under the other Loan Documents (if not already discharged
therefrom as provided above in this Section). The fees payable by the Borrower to a successor Administrative Agent shall be the same as those payable to its predecessor unless otherwise agreed between the Borrower and such successor. After the
retiring Administrative Agent’s resignation hereunder and under the other Loan Documents, the provisions of this Article and Section 10.04 shall continue in effect for the benefit of such retiring Administrative Agent, its
sub-agents and their respective Related Parties in respect of any actions taken or omitted to be taken by any of them while the retiring Administrative Agent was acting as Administrative Agent. 

Any resignation by Credit Suisse AG as Administrative Agent pursuant to this Section shall also constitute the resignation, subject to
Section 10.06(h), of Credit Suisse AG (or its Affiliate or branch then serving that either such capacity) as LC Issuer and Swingline Lender. Upon the acceptance of a successor’s appointment as Administrative Agent hereunder,
(i) such successor shall succeed to and become vested with all of the rights, powers, privileges and duties of the retiring LC Issuer and Swingline Lender, (ii) the retiring LC Issuer and Swingline Lender shall, subject to
Section 10.06(h), be discharged from all of their respective duties and obligations hereunder or under the other Loan Documents, and (iii) the successor LC Issuer shall use commercially reasonable efforts to issue letters of credit
in substitution for the Letters of Credit, if any, outstanding at the time of such succession or use commercially reasonable efforts to make other arrangement satisfactory to the retiring LC Issuer to effectively assume the obligations of the
retiring LC Issuer with respect to such Letters of Credit. 
 9.07 Non-Reliance on Administrative Agent and Other
Lenders. Each Lender and the LC Issuer acknowledges that it has, independently and without reliance upon the Administrative Agent or any other Lender or any of their Related Parties and based on such documents and information as
it has deemed appropriate, made its own credit analysis and decision to enter into this Agreement. Each Lender and the LC Issuer also acknowledges that it will, independently and without reliance upon the Administrative Agent or any other Lender or
any of their Related Parties and based on such documents and information as it shall from time to time deem appropriate, continue to make its own decisions in taking or not taking action under or based upon this Agreement, any other Loan Document or
any related agreement or any document furnished hereunder or thereunder. 
 9.08 No Other Duties, Etc. Anything herein to
the contrary notwithstanding, none of the Bookrunners, Arranger, or other Agents listed on the cover page hereof shall have any powers, duties or responsibilities under this Agreement or any of the other Loan Documents, except in its capacity, as
applicable, as an Administrative Agent, a Lender or the LC Issuer hereunder. 

  
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 9.09 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 any Restricted Person, the Administrative Agent (irrespective of whether the principal
of any Loan or LC 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) 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, LC Obligations 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 LC Issuer and the
Administrative Agent 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 LC Issuer 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 and the LC Issuer, 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 2.12 and 10.04. 
 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 LC Issuer any plan of reorganization, arrangement, adjustment or composition affecting the Obligations or the rights of any Lender or to authorize the
Administrative Agent to vote in respect of the claim of any Lender in any such proceeding. 
 9.10 Guaranty and Collateral
Matters. The Lenders hereby authorize U.S. Bank National Association to act as Collateral Agent under the Collateral Agency Agreement and the Pledge Agreement authorize the Administrative Agent to execute the Collateral Agency
Agreement on their behalf. Collateral may be released from the Lien and security interest created by the Collateral Documents and Guarantors may be released from their obligations under the Guaranty at any time or from time to time in accordance
with the provisions of the Collateral Documents or as provided hereby. Upon the request of the Borrower, in connection with any transaction otherwise permitted hereunder, the Administrative Agent and/or the Collateral Agent is authorized to release
Collateral that is sold, conveyed or disposed of (or whose owner ceases to be a Subsidiary) and Guarantors that cease to be Restricted Persons or otherwise cease to be required to be Guarantors under the Loan Documents, in each case, pursuant to a
transaction permitted by this Agreement. Upon receipt of such request, the Administrative Agent and/or the Collateral Agent shall (and the Lenders irrevocably authorize the Administrative Agent and the Collateral Agent to) execute, deliver or
acknowledge any necessary or proper instruments of termination, satisfaction or release to release (i) any Guarantor from its obligations under the Guaranty if such Person ceases to be a Restricted Person as a result of a transaction permitted


  
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hereunder and (ii) any Liens on Collateral that is disposed of (or whose owner ceases to be a Subsidiary), in each case, pursuant to a transaction permitted by this Agreement. Upon request
by the Administrative Agent at any time, the Majority Lenders will confirm in writing the Administrative Agent’s authority to release any Guarantor from its obligations under the Guaranty or to release any Collateral from the Collateral
Documents, in either case, pursuant to this Section 9.10. 
 9.11 Release With Respect to Senior Note
Obligations. At any time that the Senior Note Obligations are no longer required, pursuant to the terms of the Indenture, to be equally and ratably secured with the Obligations, the Lenders authorize each of the Administrative
Agent and the Collateral Agent to, at the Borrower’s request, enter into such amendments, releases, terminations or other instruments in connection with the Loan Documents as may be necessary or reasonably requested to reflect that the Senior
Note Obligations are no longer equally and ratably secured. 
 ARTICLE X. 

MISCELLANEOUS 

10.01 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 Restricted Person therefrom, shall be effective unless in writing signed by the Majority Lenders and the Borrower or the applicable Restricted Person, as the case may be, 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: 

(a) waive any condition set forth in Section 4.01(a) without the written consent of each Lender; 

(b) extend or increase the Commitment of any Lender (or reinstate any Commitment terminated pursuant to Section 8.02) without
the written consent of such Lender; 
 (c) postpone any date fixed by this Agreement or any other Loan Document for any payment
of principal, interest, fees or other amounts due to the Lenders (or any of them) hereunder or under any other Loan Document without the written consent of each Lender directly affected thereby; 

(d) reduce the principal of, or the rate of interest specified herein on, any Loan or LC Obligation, or (subject to clause (iii) of
the second proviso to this Section 10.01) any fees or other amounts payable hereunder or under any other Loan Document, or change the manner of computation of any financial ratio (including any change in any applicable defined term) used
in determining the Applicable Leverage Level that would result in a reduction of any interest rate on any Loan or any fee payable hereunder without the written consent of each Lender directly affected thereby; provided, however, that
only the consent of the Majority Lenders shall be necessary to amend the definition of “Default Rate” or to waive any obligation of the Borrower to pay interest or letter of credit fees at the Default Rate; 

  
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 (e) change Section 2.15 or Section 8.03 in a manner that would
alter the pro rata sharing of payments required thereby without the written consent of each affected Lender; 
 (f) change any
provision of this Section or the definition of “Majority Lenders” or any other provision hereof specifying the number or percentage of Lenders required to amend, waive or otherwise modify any rights hereunder or make any determination or
grant any consent hereunder, without the written consent of each Lender; or 
 (g) release all or substantially all of the
Guarantors from the Guaranty or release all or substantially all of the Collateral from the Collateral Documents; 
 and, provided
further, that: (i) no amendment, waiver or consent shall, unless in writing and signed by the LC Issuer in addition to the Lenders required above, affect the rights or duties of the LC Issuer under this Agreement or any Issuer Document
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 Lenders required above, affect the rights or duties of the
Administrative Agent under this Agreement or any other Loan Document; (iii) no amendment, waiver or consent shall, unless in writing and signed by the Swingline Lender in addition to the Lenders required above, affect the rights or duties of
the Swingline Lender under this Agreement or any other Loan Document; and (iv) the Fee Letter may be amended, or rights or privileges thereunder waived, in a writing executed only by the parties thereto. 

Notwithstanding anything to the contrary herein, no Defaulting Lender shall have any right to approve or disapprove any amendment, waiver or consent
hereunder, except to the extent the consent of such Lender would be required under clause (b), (c), (d) or (e) of this Section 10.01. 
 10.02 Notices; Effectiveness; Electronic Communication. 
 (a) Notices
Generally. Except in the case of notices and other communications expressly permitted to be given by telephone (and except as provided in subsection (b) below), all notices and other communications provided for herein shall be in
writing and shall be delivered by hand or overnight courier service, mailed by certified or registered mail or sent by telecopier as follows, and all notices and other communications expressly permitted hereunder to be given by telephone shall be
made to the applicable telephone number, as follows: 
 (i) if to the Borrower, the Administrative Agent, the
Swingline Lender or the LC Issuer, to the address, telecopier number, electronic mail address or telephone number specified for such Person on Schedule 3; and 

(ii) if to any other Lender, to the address, telecopier number, electronic mail address or telephone number specified in
its Administrative Questionnaire. 
 Notices sent by hand or overnight courier service, or mailed by certified or registered mail, shall be
deemed to have been given when received; notices sent by telecopier shall be deemed to have been given when sent (except that, if not given during normal business hours for the recipient, shall be deemed to have been given at the opening of business
on the next Business Day for the recipient). Notices delivered through electronic communications to the extent provided in subsection (b) below, shall be effective as provided in such subsection (b). 

  
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 (b) Electronic Communications. Notices and other communications to the
Lenders and the LC Issuer hereunder may be delivered or furnished by electronic communication (including e-mail and Internet or intranet web sites) pursuant to procedures approved by the Administrative Agent, provided that the foregoing shall
not apply to notices to any Lender or the LC Issuer pursuant to Article II if such Lender or the LC Issuer, as applicable, 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 web site 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 web site address therefor. 
 (c) 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 Restricted Persons, the Administrative Agent, the LC Issuer, 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. 

(d) Change of Address, Etc. Each of the Borrower, the Administrative Agent and the LC Issuer may change its address,
telecopier or telephone number for notices and other communications hereunder by notice to the other parties hereto. Each other Lender may change its address, telecopier or telephone number for notices and other communications hereunder by notice to
the Borrower, the Administrative Agent and the LC Issuer. 
 (e) Reliance by Administrative Agent, LC Issuer and
Lenders. The Administrative Agent, the LC Issuer and the Lenders shall be entitled to rely and act upon any notices (including telephonic Loan Notices) 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 the Administrative Agent, the LC Issuer, each Lender and the Related Parties of each of them 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 telephonic communications with the Administrative Agent may be recorded by the Administrative Agent, and each of the parties hereto hereby consents to such recording. 

  
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 10.03 No Waiver; Cumulative Remedies. No failure by any Lender, the LC
Issuer 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 provided are cumulative and not exclusive of any rights, remedies,
powers and privileges provided by law. 
 10.04 Expenses; Indemnity; Damage Waiver. 

(a) Costs and Expenses. The Borrower shall pay (i) all reasonable out-of-pocket expenses incurred by the Administrative
Agent and its Affiliates (including the reasonable fees, charges and disbursements of counsel for the Administrative Agent), in connection with the syndication of the credit facilities provided for herein, the preparation, negotiation, execution,
delivery and administration of this Agreement and the other Loan Documents or any amendments, modifications or waivers of the provisions hereof or thereof (whether or not the transactions contemplated hereby or thereby shall be consummated),
(ii) all reasonable out-of-pocket expenses incurred by the LC Issuer in connection with the issuance, amendment, renewal or extension of any Letter of Credit or any demand for payment thereunder and (iii) all out-of-pocket expenses
incurred by the Administrative Agent, any Lender or the LC Issuer (including the fees, charges and disbursements of any counsel for the Administrative Agent, any Lender or the LC Issuer), and shall pay all fees and time charges for attorneys who may
be employees of the Administrative Agent, any Lender or the LC Issuer, in connection with the enforcement or protection of its rights (A) in connection with this Agreement and the other Loan Documents, including its rights under this Section,
or (B) in connection with the Loans made or Letters of Credit issued hereunder, including all such out-of-pocket expenses incurred during any workout, restructuring or negotiations in respect of such Loans or Letters of Credit. 

(b) Indemnification by the Borrower. The Borrower shall indemnify the Administrative Agent (and any sub-agent thereof), each
Lender, the Swingline Lender and the LC Issuer, and each Related Party of any of the foregoing Persons (each such Person, an “Indemnitee”) against, and hold each Indemnitee harmless from, any and all losses, claims, damages,
liabilities and related out-of-pocket expenses (including the fees, charges and disbursements of any counsel for any Indemnitee), and shall indemnify and hold harmless each Indemnitee from all fees and time charges and disbursements for attorneys
who may be employees of any Indemnitee, incurred by any Indemnitee or asserted against any Indemnitee by any third party or by the Borrower or any other Restricted Person arising out of, in connection with, or as a result of (i) the execution
or delivery of this Agreement, any other Loan Document or any agreement or instrument contemplated hereby or thereby, the performance by the parties hereto of their respective obligations hereunder or thereunder or the consummation of the
transactions contemplated hereby or thereby, (ii) any Loan or Letter of Credit or the use or proposed use of the proceeds therefrom (including any refusal by the LC Issuer to honor a demand for payment under a Letter of Credit if the documents
presented in connection with such demand do not strictly comply with the terms of such Letter of Credit), (iii) any actual or alleged presence or release of Hazardous Materials on or from any property owned or operated by the Borrower or any of
its Subsidiaries, or any Liability under Environmental Law related in any way to the Borrower or any of its Subsidiaries, (iv) any civil penalty or fine assessed by the 

  
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United States Department of the Treasury’s Office of Foreign Assets Control against, and all reasonable costs and expenses (including counsel fees and disbursements) incurred in connection
with defense thereof by the Administrative Agent or any Lender as a result of the funding of Loans, the issuance of Letters of Credit, or the acceptance of payments under the Loan Documents, or (v) any actual or prospective claim, litigation,
investigation or proceeding relating to any of the foregoing, whether based on contract, tort or any other theory, whether brought by a third party or by the Borrower or any other Restricted Person, and regardless of whether any Indemnitee is a
party thereto, in all cases, whether or not caused by or arising, in whole or in part, out of the comparative, contributory or sole negligence of the Indemnitee; provided that (i) such indemnity shall not, as to any Indemnitee, be
available to the extent that such losses, claims, damages, liabilities or related expenses (x) are determined by a court of competent jurisdiction by final and nonappealable judgment to have resulted from the gross negligence or willful
misconduct of such Indemnitee or (y) result from a claim brought by the Borrower or any other Restricted Person against an Indemnitee for breach in bad faith of such Indemnitee’s obligations hereunder or under any other Loan Document, if
the Borrower or such Restricted Person has obtained a final and nonappealable judgment in its favor on such claim as determined by a court of competent jurisdiction, and (ii) and, if the Borrower has complied with its obligations under
Section 2.17, such indemnity for the Swingline Lender or the LC Issuer shall not include losses incurred by the Swingline Lender or the LC Issuer due to one or more Lenders defaulting in their obligations to purchase participations of
Swingline Loans under Section 2.02(d) or LC Obligations under Section 2.09(c) or to make Loans under Section 2.09(a) (it being understood that this proviso shall not affect the Swingline Lender’s or the LC
Issuer’s rights against any Defaulting Lender). 
 (c) Reimbursement by Lenders. To the extent that the
Borrower for any reason fails to indefeasibly pay any amount required under subsection (a) or (b) of this Section to be paid by it to the Administrative Agent (or any sub-agent thereof), the LC Issuer, the Swingline Lender, or any Related
Party of any of the foregoing, each Lender severally agrees to pay to the Administrative Agent (or any such sub-agent), the LC Issuer, the Swingline Lender, or such Related Party, as the case may be, such Lender’s Applicable Percentage
(determined as of the time that the applicable unreimbursed expense or indemnity payment is sought and as if no Lender were a Defaulting Lender) of such unpaid amount, provided that the unreimbursed expense or indemnified loss, claim, damage,
liability or related expense, as the case may be, was incurred by or asserted against the Administrative Agent (or any such sub-agent), the Swingline Lender, or the LC Issuer in its capacity as such, or against any Related Party of any of the
foregoing acting for the Administrative Agent (or any such sub-agent), the Swingline Lender, or LC Issuer in connection with such capacity. The obligations of the Lenders under this subsection (c) are subject to the provisions of
Section 2.14(d). 
 (d) 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 special, indirect, consequential or punitive 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, the transactions contemplated hereby or thereby, any Loan or Letter of Credit or the use of the proceeds thereof. No
Indemnitee referred to in subsection (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. 

  
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 (e) Payments. All amounts due under this Section shall be payable not later
than ten Business Days after demand therefor. 
 (f) Survival. The agreements in this Section shall survive the
resignation of the Administrative Agent, the replacement of any Lender, the termination of the Aggregate Commitments, the repayment, satisfaction or discharge of all the other Obligations, and the termination of this Agreement. 

10.05 Payments Set Aside. To the extent that any payment by or on behalf of the Borrower is made to the Administrative Agent,
the LC Issuer or any Lender, or the Administrative Agent, the LC Issuer or any Lender exercises its right of setoff, and such payment or the proceeds of such setoff 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, the LC Issuer 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 setoff had not occurred, and (b) each Lender and the LC Issuer severally agrees to pay to the Administrative Agent upon demand its applicable share (without duplication) 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 the Federal Funds Rate from time to time in effect. The obligations of the Lenders and the LC Issuer under clause
(b) of the preceding sentence shall survive the payment in full of the Obligations and the termination of this Agreement. 

10.06 Successors and Assigns. 
 (a) Successors and Assigns Generally. 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 the Administrative Agent and each Lender and no Lender may assign or otherwise transfer
any of its rights or obligations hereunder except (i) to an Eligible Assignee in accordance with the provisions of subsection (b) of this Section, (ii) by way of participation in accordance with the provisions of subsection
(d) of this Section, or (iii) by way of pledge or assignment of a security interest subject to the restrictions of subsection (f) of this Section (and any other attempted assignment or transfer by any party hereto 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 (including any Affiliate of the LC Issuer that issues any
Letter of Credit), Participants to the extent provided in subsection (d) of this Section and, to the extent expressly contemplated hereby, the Related Parties of each of the Administrative Agent, the LC Issuer and the Lenders) any legal or
equitable right, remedy or claim under or by reason of this Agreement. 

  
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 (b) Assignments by Lenders. Any Lender may at any time 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 for purposes of this subsection (b), participations in LC Obligations) at the time owing to
it); provided that, 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 or
an Approved Fund with respect to a Lender, the aggregate amount of the Commitment (which for this purpose includes Loans outstanding thereunder) or, if the Commitment is not then in effect, the principal outstanding balance of the Loans of the
assigning Lender subject to each such assignment, determined as of the date the Assignment and Assumption 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 Event of Default has occurred and is continuing, the Borrower otherwise consents (each such consent not to be unreasonably withheld or delayed) (provided that the Borrower shall be deemed to have consented to any such
assignment unless the Borrower shall object thereto by written notice to the Administrative Agent within five Business Days after having received notice thereof); provided, further, that simultaneous assignments by or to two or more
Approved Funds shall be combined for purposes of determining whether the minimum assignment requirement is met; 

(i) 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; 
 (ii) any
assignment of a Commitment must be approved by the Administrative Agent, the Swingline Lender and the LC Issuer (whether or not the proposed assignee would otherwise qualify as an Eligible Assignee); and 

(iii) the parties to each assignment shall (A) execute and deliver to the Administrative Agent an Assignment and
Assumption via an electronic settlement system acceptable to the Administrative Agent or (B) if previously agreed with the Administrative Agent, manually execute and deliver to the Administrative Agent an Assignment and Assumption, together
with a processing and recordation fee of $3,500, which the Administrative Agent may waive or reduce in its sole discretion, and the Eligible Assignee, if it shall not be a Lender, shall deliver to the Administrative Agent an Administrative
Questionnaire and any tax forms required under Section 3.01(e). 
 Subject to acceptance and recording thereof by the Administrative
Agent pursuant to subsection (c) of this Section, from and after the effective date specified in each Assignment and Assumption, the Eligible Assignee thereunder shall be a party to this Agreement and, to the extent of the interest assigned by
such Assignment and Assumption, 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 Assignment and Assumption, be released from its obligations
under this Agreement (and, in the case of an Assignment and Assumption 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 3.01, 3.04, 3.05, and 10.04 with respect to facts and circumstances occurring prior to the effective date of such assignment. Upon request, the Borrower (at its expense) shall execute and
deliver a Note to 

  
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 EXHIBIT A TO AMENDMENT NO. 2 TO CREDIT AGREEMENT 

 

 
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 subsection (d) of this Section. 
 (c) Register. 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 Assignment and
Assumption delivered to it and a register for the recordation of the names and addresses of the Lenders, and the Commitments of, and principal amounts of the Loans and LC 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 shall 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 each of the Borrower, the Swingline Lender, the LC Issuer or any Lender at any reasonable time and from
time to time upon reasonable prior notice. 
 (d) Participations. Any Lender may at any time, without the consent
of, or notice to, the Borrower or the Administrative Agent, sell participations to any Person (other than a natural person or the Borrower or any of the Borrower’s Affiliates or Subsidiaries) (each, 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 LC Obligations) owing to it); provided that
(i) such Lender’s obligations under this Agreement shall remain unchanged, (ii) such Lender shall remain solely responsible to the other parties hereto for the performance of such obligations and (iii) the Borrower, the
Administrative Agent, the Lenders and the LC Issuer 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, waiver or other modification described in the first proviso to Section 10.01 that affects such Participant. Subject to subsection (e) of this Section, the Borrower agrees that each Participant shall be
entitled to the benefits of Sections 3.01, 3.04 and 3.05 to the same extent as if it were a Lender and had acquired its interest by assignment pursuant to subsection (b) of this Section. To the extent permitted by law, each
Participant also shall be entitled to the benefits of Section 10.08 as though it were a Lender, provided such Participant agrees to be subject to Section 2.15 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 

  
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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.

 (e) Limitations upon Participant Rights. A Participant shall not be entitled to receive any greater payment under
Section 3.01 or Section 3.04 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 3.01(a) unless such Participant agrees to comply with Section 3.01(e) as
though it were a Lender (it being understood that the documentation required under Section 3.01(e) shall be delivered to the participating Lender). 
 (f) Certain Pledges. 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 Note, 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 such Lender from any of its obligations hereunder or substitute any such
pledgee or assignee for such Lender as a party hereto. 
 (g) Electronic Execution of Assignments. The words
“execution,” “signed,” “signature,” and words of like import in any Assignment and Assumption shall be deemed to include electronic signatures or the keeping of records in electronic form, each of which shall be of the
same legal effect, validity or enforceability as a manually executed signature or the use of a paper-based recordkeeping system, as the case may be, to the extent and as provided for in any applicable law, including the Federal Electronic Signatures
in Global and National Commerce Act, the New York State Electronic Signatures and Records Act, or any other similar state laws based on the Uniform Electronic Transactions Act. 

(h) Resignation as LC Issuer after Assignment. Notwithstanding anything to the contrary contained herein, if at any time Credit
Suisse AG assigns all of its Commitment and Loans pursuant to subsection (b) above, Credit Suisse AG (or any of its Affiliates or branches then serving as LC Issuer or Swingline Lender) may, upon 30 days’ notice to the Borrower and the
Lenders, resign as LC Issuer or Swingline Lender, as the case may be. In the event of any such resignation, the Borrower shall be entitled to appoint from among the Lenders a successor LC Issuer and a successor Swingline Lender hereunder;
provided, however, that (i) no failure by the Borrower to appoint any such successor shall affect the resignation of Credit Suisse AG (or such Affiliate or branch) as LC Issuer and Swingline Lender and (ii) no such
appointment will become effective without the consent of the Lender so appointed. If Credit Suisse AG (or such affiliate or branch) resigns as LC Issuer or Swingline Lender, it shall retain all the rights and obligations of the LC Issuer hereunder
with respect to all Letters of Credit outstanding as of the effective date of its resignation as LC Issuer and all LC Obligations with respect thereto 

  
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(including the right to require the Lenders to make ABR Loans or fund risk participations in Matured LC Obligations pursuant to Section 2.09) and all rights and obligations of the
Swingline Lender with respect to Swingline Loans outstanding as of the effective date of its resignation as Swingline Lender. 

10.07 Treatment of Certain Information; Confidentiality. Each of the Administrative Agent, the Lenders and the LC Issuer agrees to
maintain the confidentiality of the Information (as defined below), except that Information may be disclosed (a) to its Affiliates and to its and its Affiliates’ respective partners, directors, trustees, officers, employees, agents,
advisors and representatives, including any numbering, administration or settlement service providers, (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 authority purporting to have jurisdiction over it or its Affiliates or to any such regulatory authority in accordance with such Lender’s
regulatory compliance policy, (c) to the extent required by applicable laws or regulations or by subpoena or similar legal process, (d) to any other party hereto, (e) in connection with the exercise of any remedies hereunder or under
any other Loan Document or any action or proceeding relating to this Agreement or any other Loan Document or the enforcement of rights hereunder or thereunder, (f) subject to an agreement containing provisions substantially the same as those of
this Section, to (i) any assignee of or Participant in, or any prospective assignee of or Participant in, any of its rights or obligations under this Agreement or (ii) any actual or prospective counterparty (or its advisors) to any swap or
derivative transaction relating to the Borrower and its obligations, (g) with the consent of the Borrower, or (h) to the extent such Information (x) becomes publicly available other than as a result of a breach of this Section or
(y) becomes available to the Administrative Agent, any Lender, the LC Issuer or any of their respective Affiliates on a non-confidential basis from a source other than the Borrower. 

For purposes of this Section, “Information” means all information received from the Borrower or any Subsidiary relating
to the Borrower or any Subsidiary or any of their respective businesses, other than any such information that is available to the Administrative Agent, any Lender or the LC Issuer on a non-confidential basis prior to disclosure by the Borrower or
any Subsidiary, provided that, in the case of information received from the Borrower or any Subsidiary after the Restatement Effective Date, such information is clearly identified 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. 
 10.08 Right of Setoff. If an Event of Default shall have
occurred and be continuing, each Lender, the LC Issuer and each of their respective Affiliates is hereby authorized at any time and from time to time, to the fullest extent permitted by applicable law, to set off and apply any and all deposits
(general or special, time or demand, provisional or final, in whatever currency) at any time held and other obligations (in whatever currency) at any time owing by such Lender, the LC Issuer or any such Affiliate to or for the credit or the account
of the Borrower against any and all of the obligations of the Borrower now or hereafter existing under this Agreement or any other Loan Document to such Lender or the LC Issuer, irrespective of whether or not such Lender or the LC Issuer shall have
made any demand under this 

  
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Agreement or any other Loan Document and although such obligations of the Borrower may be contingent or unmatured or are owed to a branch or office of such Lender or the LC Issuer different from
the branch or office holding such deposit or obligated on such indebtedness. The rights of each Lender, the LC Issuer and their respective Affiliates under this Section are in addition to other rights and remedies (including other rights of setoff)
that such Lender, the LC Issuer or their respective Affiliates may have. Each Lender and the LC Issuer agrees to notify the Borrower and the Administrative Agent promptly after any such setoff and application, provided that the failure to
give such notice shall not affect the validity of such setoff and application. 
 10.09 Interest Rate
Limitation. Notwithstanding anything to the contrary contained in any Loan Document, the interest paid or agreed to be paid under the Loan Documents shall not exceed the maximum rate of non-usurious interest permitted by applicable Law
(the “Maximum Rate”). If the Administrative Agent or any Lender shall receive interest in an amount that exceeds the Maximum Rate, the excess interest shall be applied to the principal of the Loans or, if it exceeds such unpaid
principal, refunded to the Borrower. In determining whether the interest contracted for, charged, or received by the Administrative Agent or a Lender exceeds the Maximum Rate, such Person may, to the extent permitted by applicable Law,
(a) characterize any payment that is not principal as an expense, fee, or premium rather than interest, (b) exclude voluntary prepayments and the effects thereof, and (c) amortize, prorate, allocate, and spread in equal or unequal
parts the total amount of interest throughout the contemplated term of the Obligations hereunder. 
 10.10 Counterparts;
Integration; Effectiveness. This Agreement may be executed in counterparts (and by different parties hereto in different counterparts), each of which shall constitute an original, but all of which, when taken together, shall constitute a single
contract. This Agreement and the other Loan Documents constitute the entire contract among the parties relating to the subject matter hereof and supersede any and all previous agreements and understandings, oral or written, relating to the subject
matter hereof. Except as provided in Section 4.01, this Agreement shall become effective when it shall have been executed by the Administrative Agent and when the Administrative Agent shall have received counterparts hereof that, when
taken together, bear the signatures of each of the other parties hereto. Delivery of an executed counterpart of a signature page of this Agreement by telecopy shall be effective as delivery of a manually executed counterpart of this Agreement.

 10.11 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 at the time of any Credit Extension, and shall continue in full force and effect as long as any Loan or any other Obligation hereunder shall remain unpaid or unsatisfied or any Letter of Credit shall remain outstanding. 

  
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 10.12 Severability. If any provision of this Agreement or the other Loan
Documents is held to be illegal, invalid or unenforceable, (a) the legality, validity and enforceability of the remaining provisions of this Agreement and the other Loan Documents shall not be affected or impaired thereby and (b) the
parties shall endeavor in good faith negotiations to replace the illegal, invalid or unenforceable provisions with valid provisions the economic effect of which comes as close as possible to that of the illegal, invalid or unenforceable provisions.
The invalidity of a provision in a particular jurisdiction shall not invalidate or render unenforceable such provision in any other jurisdiction. 
 10.13 Replacement of Lenders. If (i) any Lender requests compensation under Section 3.04, (ii) the Borrower is required to pay any additional amount to any Lender or any
Governmental Authority for the account of any Lender pursuant to Section 3.01, (iii) if a Lender gives a notice of illegality pursuant to Section 3.02, (iv) any Lender requests reimbursement for amounts owing under
Section 3.05 (in a disproportionate manner relative to other Lenders), (v) any Lender is a Defaulting Lender or (vi) any Lender has refused to consent to any waiver or amendment with respect to any Loan Document that requires
such Lender’s consent and has been consented to by the Majority Lenders, then the Borrower may, at its sole expense and effort, upon notice to such Lender and the Administrative Agent, require such Lender to assign and delegate, without
recourse (in accordance with and subject to the restrictions contained in, and consents required by, Section 10.06), all of its interests, rights and obligations under this Agreement and the related Loan Documents to an assignee that
shall assume such obligations (which assignee may be another Lender, if a Lender accepts such assignment), provided that: 
 (a) the Borrower or the assignee shall have paid to the Administrative Agent the assignment fee specified in Section 10.06(b); 

(b) such Lender shall have received payment of an amount equal to the outstanding principal of its Loans and Letter of Credit
participations, accrued interest thereon, accrued fees and all other amounts payable to it hereunder and under the other Loan Documents (including any amounts under Section 3.05) from the assignee (to the extent of such outstanding
principal and accrued interest and fees) or the Borrower (in the case of all other amounts); 
 (c) in the case of any such
assignment resulting from a claim for compensation under Section 3.04 or payments required to be made pursuant to Section 3.01, such assignment will result in a reduction in such compensation or payments thereafter; and

 (d) such assignment does not conflict with applicable Laws. 

A Lender shall not be required to make any such assignment or delegation if, prior thereto, as a result of a waiver by such Lender or
otherwise, the circumstances entitling the Borrower to require such assignment and delegation cease to apply. 
 10.14 Governing
Law; Jurisdiction; Etc. 
 (a) GOVERNING LAW. THIS AGREEMENT SHALL BE GOVERNED BY, AND CONSTRUED IN ACCORDANCE WITH,
THE LAW OF THE STATE OF NEW YORK. 

  
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 (b) SUBMISSION TO JURISDICTION. THE BORROWER IRREVOCABLY AND UNCONDITIONALLY
SUBMITS, FOR ITSELF AND ITS PROPERTY, TO THE NONEXCLUSIVE JURISDICTION OF THE COURTS OF THE STATE OF NEW YORK SITTING IN NEW YORK COUNTY AND OF THE UNITED STATES DISTRICT COURT OF THE SOUTHERN DISTRICT OF NEW YORK, AND ANY APPELLATE COURT FROM ANY
THEREOF, IN ANY ACTION OR PROCEEDING ARISING OUT OF OR RELATING TO THIS AGREEMENT OR ANY OTHER LOAN DOCUMENT, OR FOR RECOGNITION OR ENFORCEMENT OF ANY JUDGMENT, AND EACH OF THE PARTIES HERETO IRREVOCABLY AND UNCONDITIONALLY AGREES THAT ALL CLAIMS IN
RESPECT OF ANY SUCH ACTION OR PROCEEDING MAY BE HEARD AND DETERMINED IN SUCH NEW YORK STATE COURT OR, TO THE FULLEST EXTENT PERMITTED BY APPLICABLE LAW, IN SUCH FEDERAL COURT. EACH OF THE PARTIES HERETO AGREES THAT A FINAL JUDGMENT IN ANY SUCH
ACTION OR PROCEEDING SHALL BE CONCLUSIVE AND MAY BE ENFORCED IN OTHER JURISDICTIONS BY SUIT ON THE JUDGMENT OR IN ANY OTHER MANNER PROVIDED BY LAW. NOTHING IN THIS AGREEMENT OR IN ANY OTHER LOAN DOCUMENT SHALL AFFECT ANY RIGHT THAT THE
ADMINISTRATIVE AGENT, ANY LENDER OR THE LC ISSUER MAY OTHERWISE HAVE TO BRING ANY ACTION OR PROCEEDING RELATING TO THIS AGREEMENT OR ANY OTHER LOAN DOCUMENT AGAINST THE BORROWER OR ITS PROPERTIES IN THE COURTS OF ANY JURISDICTION. 

(c) WAIVER OF VENUE. THE BORROWER IRREVOCABLY AND UNCONDITIONALLY WAIVES, TO THE FULLEST EXTENT PERMITTED BY APPLICABLE LAW,
ANY OBJECTION THAT IT MAY NOW OR HEREAFTER HAVE TO THE LAYING OF VENUE OF ANY ACTION OR PROCEEDING ARISING OUT OF OR RELATING TO THIS AGREEMENT OR ANY OTHER LOAN DOCUMENT IN ANY COURT REFERRED TO IN SUBSECTION (B) OF THIS SECTION. EACH OF THE
PARTIES HERETO HEREBY IRREVOCABLY WAIVES, TO THE FULLEST EXTENT PERMITTED BY APPLICABLE LAW, THE DEFENSE OF AN INCONVENIENT FORUM TO THE MAINTENANCE OF SUCH ACTION OR PROCEEDING IN ANY SUCH COURT. 

(d) SERVICE OF PROCESS. EACH PARTY HERETO IRREVOCABLY CONSENTS TO SERVICE OF PROCESS IN THE MANNER PROVIDED FOR NOTICES IN
SECTION 10.02. NOTHING IN THIS AGREEMENT WILL AFFECT THE RIGHT OF ANY PARTY HERETO TO SERVE PROCESS IN ANY OTHER MANNER PERMITTED BY APPLICABLE LAW. 
 10.15 Waiver of Jury Trial. EACH PARTY HERETO HEREBY IRREVOCABLY WAIVES, TO THE FULLEST EXTENT PERMITTED BY APPLICABLE LAW, ANY RIGHT IT MAY HAVE TO A TRIAL BY JURY IN ANY LEGAL PROCEEDING DIRECTLY
OR INDIRECTLY ARISING OUT OF OR RELATING TO THIS AGREEMENT OR ANY OTHER LOAN DOCUMENT OR THE TRANSACTIONS CONTEMPLATED HEREBY OR THEREBY (WHETHER BASED ON CONTRACT, TORT OR ANY OTHER THEORY). EACH PARTY HERETO (A) CERTIFIES THAT NO
REPRESENTATIVE, AGENT OR ATTORNEY OF ANY OTHER PERSON HAS REPRESENTED, EXPRESSLY OR OTHERWISE, THAT SUCH OTHER PERSON WOULD NOT, IN THE EVENT OF LITIGATION, SEEK TO ENFORCE THE FOREGOING WAIVER 

  
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AND (B) ACKNOWLEDGES THAT IT AND THE OTHER PARTIES HERETO HAVE BEEN INDUCED TO ENTER INTO THIS AGREEMENT AND THE OTHER LOAN DOCUMENTS BY, AMONG OTHER THINGS, THE MUTUAL WAIVERS AND
CERTIFICATIONS IN THIS SECTION. 
 10.16 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 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, which information includes the name and address of the Borrower and other information that will allow such Lender or the
Administrative Agent, as applicable, to identify the Borrower in accordance with the Act. The Borrower will comply with reasonable requests of any Lender for such information. 
 10.17 Time of the Essence. Time is of the essence of the Loan Documents. 

10.18 No Recourse. The parties hereto hereby acknowledge and agree that neither the General Partner nor any director, officer, employee,
limited partner or shareholder of the Borrower or the General Partner shall have any personal liability in respect of the obligations of the Borrower and the Guarantors under this Agreement and the other Loan Documents by reason of his, her or its
status. 
 10.19 Amendment and Restatement. Effective on the Restatement Effective Date, this Agreement amends and restates (and
does not release or novate) the Revolving Credit Loans (as defined in the Existing Credit Agreement) under the Existing Credit Agreement, but in no event shall such adjustment of any Eurodollar Loans entitle any Lender to any reimbursement under
Section 3.05 hereof; provided that the foregoing is not intended to relieve the Borrower for paying any such costs to lenders under the Existing Credit Agreement to the extent such lenders are not Lenders under this Agreement.

 10.20 Separateness. The Lenders acknowledge (i) the separateness as of the Restatement Effective Date of each MLP, the
Company and each Drop Down Entity and their respective subsidiaries from the Borrower and each other Restricted Person, (ii) that the lenders and noteholders under credit agreements with each MLP, the Company and each Drop Down Entity and their
respective subsidiaries have likely advanced funds thereunder in reliance upon the separateness of such MLP, the Company or such Drop Down Entity and their respective subsidiaries from the Borrower and each other Restricted Person, (iii) that
each MLP, the Company and each Drop Down Entity and their respective subsidiaries has assets and liabilities that are separate from those of the Borrower and the other Restricted Persons, (iv) that the Loans and other obligations owing under
the Loan Documents have not been guaranteed by either MLP, the Company and each Drop Down Entity or any of their respective subsidiaries, and (v) that, except as other Persons may expressly assume or guarantee any of the Loan Documents or
obligations thereunder, the Lenders shall look solely to the Borrower and its property and assets and the property and assets of the other Restricted Persons, and any property pledged as Collateral with respect to the Loan Documents, for the
repayment of any amounts payable pursuant to the Loan Documents and for satisfaction of any obligations owing to the Lenders under the Loan Documents and that none of ETP, Regency, the Company or any Drop Down Entity or any of their respective
subsidiaries is personally liable to the Lenders for any amounts payable, or any liability, under the Loan Documents. 

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