Prepared by R.R. Donnelley Financial -- EX-10.10e



 Exhibit 10.10e 
 CONFIDENTIAL TREATMENT REQUESTED 
 Certain portions of this document have been omitted
pursuant to a request for Confidential Treatment and, where applicable, have been marked with “[***]” to indicate where omissions have been made. The confidential material has been filed separately with the Securities and Exchange
Commission. 
  
  

 
 Published CUSIP Number: 83414VAG2

 AMENDED AND RESTATED CREDIT AGREEMENT 
 Dated as of November 1, 2013 
 among 

SOLARCITY CORPORATION, 
 as the Borrower, 
 THE SUBSIDIARIES OF THE BORROWER PARTY HERETO, 

as the Guarantors, 

BANK OF AMERICA, N.A., 
 as Administrative Agent, Swingline Lender and 
 L/C Issuer, 

and 
 THE LENDERS
PARTY HERETO 
 BANK OF AMERICA MERRILL LYNCH, 
 as Sole Lead Arranger and Sole Book Manager 
  

 
  

  
 [***] Confidential
treatment has been requested for the bracketed portions. The confidential redacted portion has been omitted and filed separately with the Securities and Exchange Commission. 








 TABLE OF CONTENTS 

 

							
	 	  	 	  	Page	 
	 ARTICLE I DEFINITIONS AND ACCOUNTING TERMS
	  	 	1	  
	 Section 1.01
	  	 Defined Terms
	  	 	1	  
	 Section 1.02
	  	 Other Interpretive Provisions
	  	 	35	  
	 Section 1.03
	  	 Accounting Terms
	  	 	35	  
	 Section 1.04
	  	 Rounding
	  	 	36	  
	 Section 1.05
	  	 Times of Day
	  	 	36	  
	 Section 1.06
	  	 Letter of Credit Amounts
	  	 	36	  
	 Section 1.07
	  	 UCC Terms
	  	 	36	  
		
	 ARTICLE II COMMITMENTS AND CREDIT EXTENSIONS
	  	 	37	  
	 Section 2.01
	  	 Loans
	  	 	37	  
	 Section 2.02
	  	 Borrowings, Conversions and Continuations of Loans
	  	 	37	  
	 Section 2.03
	  	 Letters of Credit
	  	 	39	  
	 Section 2.04
	  	 Swingline Loans
	  	 	46	  
	 Section 2.05
	  	 Prepayments
	  	 	49	  
	 Section 2.06
	  	 Termination or Reduction of Commitments
	  	 	50	  
	 Section 2.07
	  	 Repayment of Loans
	  	 	50	  
	 Section 2.08
	  	 Interest and Default Rate
	  	 	51	  
	 Section 2.09
	  	 Fees
	  	 	51	  
	 Section 2.10
	  	 Computation of Interest and Fees; Retroactive Adjustments of Applicable Rate
	  	 	52	  
	 Section 2.11
	  	 Evidence of Debt
	  	 	52	  
	 Section 2.12
	  	 Payments Generally; Administrative Agent’s Clawback
	  	 	53	  
	 Section 2.13
	  	 Sharing of Payments by Lenders
	  	 	54	  
	 Section 2.14
	  	 Cash Collateral
	  	 	55	  
	 Section 2.15
	  	 Defaulting Lenders
	  	 	56	  
	 Section 2.16
	  	 Increase in Facility
	  	 	58	  
		
	 ARTICLE III TAXES, YIELD PROTECTION AND ILLEGALITY
	  	 	59	  
	 Section 3.01
	  	 Taxes
	  	 	59	  
	 Section 3.02
	  	 Illegality
	  	 	63	  
	 Section 3.03
	  	 Inability to Determine Rates
	  	 	64	  
	 Section 3.04
	  	 Increased Costs; Reserves on Eurodollar Rate Loans
	  	 	64	  
	 Section 3.05
	  	 Compensation for Losses
	  	 	66	  
	 Section 3.06
	  	 Mitigation Obligations; Replacement of Lenders
	  	 	66	  
	 Section 3.07
	  	 Survival
	  	 	67	  
		
	 ARTICLE IV CONDITIONS PRECEDENT TO CREDIT EXTENSIONS
	  	 	67	  
	 Section 4.01
	  	 Conditions of Initial Credit Extension
	  	 	67	  
	 Section 4.02
	  	 Conditions to all Credit Extensions
	  	 	69	  
		
	 ARTICLE V REPRESENTATIONS AND WARRANTIES
	  	 	70	  
	 Section 5.01
	  	 Existence, Qualification and Power
	  	 	70	  
	 Section 5.02
	  	 Authorization; No Contravention
	  	 	70	  
	 Section 5.03
	  	 Governmental Authorization; Other Consents
	  	 	70	  
	 Section 5.04
	  	 Binding Effect
	  	 	71	  


  
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	 Section 5.05
	  	 Financial Statements; No Material Adverse Effect
	  	 	71	  
	 Section 5.06
	  	 Litigation
	  	 	71	  
	 Section 5.07
	  	 No Default
	  	 	71	  
	 Section 5.08
	  	 Ownership of Property
	  	 	72	  
	 Section 5.09
	  	 Environmental Compliance
	  	 	72	  
	 Section 5.10
	  	 Insurance
	  	 	72	  
	 Section 5.11
	  	 Taxes
	  	 	73	  
	 Section 5.12
	  	 ERISA Compliance
	  	 	73	  
	 Section 5.13
	  	 Margin Regulations; Investment Company Act
	  	 	74	  
	 Section 5.14
	  	 Disclosure
	  	 	74	  
	 Section 5.15
	  	 Compliance with Laws
	  	 	74	  
	 Section 5.16
	  	 Solvency
	  	 	74	  
	 Section 5.17
	  	 Casualty, Etc.
	  	 	74	  
	 Section 5.18
	  	 Sanctions Concerns
	  	 	75	  
	 Section 5.19
	  	 Responsible Officers
	  	 	75	  
	 Section 5.20
	  	 Subsidiaries; Equity Interests; Loan Parties
	  	 	75	  
	 Section 5.21
	  	 Collateral Representations
	  	 	75	  
	 Section 5.22
	  	 Intellectual Property; Licenses, Etc.
	  	 	77	  
	 Section 5.23
	  	 Labor Matters
	  	 	77	  
	 Section 5.24
	  	 Available Take-Out
	  	 	77	  
	 Section 5.25
	  	 Immaterial Subsidiaries/Zoom
	  	 	78	  
		
	 ARTICLE VI AFFIRMATIVE COVENANTS
	  	 	78	  
	 Section 6.01
	  	 Financial Statements
	  	 	78	  
	 Section 6.02
	  	 Certificates; Other Information
	  	 	79	  
	 Section 6.03
	  	 Notices
	  	 	82	  
	 Section 6.04
	  	 Payment of Obligations
	  	 	82	  
	 Section 6.05
	  	 Preservation of Existence, Etc.
	  	 	83	  
	 Section 6.06
	  	 Maintenance of Properties
	  	 	83	  
	 Section 6.07
	  	 Maintenance of Insurance
	  	 	83	  
	 Section 6.08
	  	 Compliance with Laws
	  	 	84	  
	 Section 6.09
	  	 Books and Records
	  	 	84	  
	 Section 6.10
	  	 Inspection Rights
	  	 	84	  
	 Section 6.11
	  	 Use of Proceeds
	  	 	85	  
	 Section 6.12
	  	 Material Contracts
	  	 	85	  
	 Section 6.13
	  	 Covenant to Guarantee Obligations
	  	 	85	  
	 Section 6.14
	  	 Covenant to Give Security
	  	 	85	  
	 Section 6.15
	  	 Further Assurances
	  	 	86	  
	 Section 6.16
	  	 Compliance with Environmental Laws
	  	 	87	  
	 Section 6.17
	  	 Zep Acquisition Post Closing Conditions
	  	 	87	  
	 Section 6.18
	  	 [***]
	  	 	87	  
	 Section 6.19
	  	 Puerto Rico Certificate of Good Standing
	  	 	87	  
		
	 ARTICLE VII NEGATIVE COVENANTS
	  	 	87	  
	 Section 7.01
	  	 Liens
	  	 	88	  
	 Section 7.02
	  	 Indebtedness
	  	 	89	  
	 Section 7.03
	  	 Investments
	  	 	91	  
	 Section 7.04
	  	 Fundamental Changes
	  	 	92	  
	 Section 7.05
	  	 Dispositions
	  	 	93	  
	 Section 7.06
	  	 Restricted Payments
	  	 	94	  


  
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	 Section 7.07
	  	 Change in Nature of Business
	  	 	94	  
	 Section 7.08
	  	 Transactions with Affiliates
	  	 	95	  
	 Section 7.09
	  	 Burdensome Agreements
	  	 	95	  
	 Section 7.10
	  	 Use of Proceeds
	  	 	95	  
	 Section 7.11
	  	 Financial Covenants
	  	 	95	  
	 Section 7.12
	  	 Capital Expenditures
	  	 	96	  
	 Section 7.13
	  	 Amendments of Organization Documents; Fiscal Year; Legal Name, State of Formation; Form of Entity and Accounting
Changes
	  	 	96	  
	 Section 7.14
	  	 Sale and Leaseback Transactions
	  	 	96	  
	 Section 7.15
	  	 Host Customer Agreements
	  	 	96	  
	 Section 7.16
	  	 General
	  	 	96	  
	 Section 7.17
	  	 Prepayment of Notes
	  	 	97	  
	 Section 7.18
	  	 [***] Agreement
	  	 	97	  
		
	 ARTICLE VIII EVENTS OF DEFAULT AND REMEDIES
	  	 	97	  
	 Section 8.01
	  	 Events of Default
	  	 	97	  
	 Section 8.02
	  	 Remedies upon Event of Default
	  	 	99	  
	 Section 8.03
	  	 Application of Funds
	  	 	100	  
		
	 ARTICLE IX ADMINISTRATIVE AGENT
	  	 	101	  
	 Section 9.01
	  	 Appointment and Authority
	  	 	101	  
	 Section 9.02
	  	 Rights as a Lender
	  	 	101	  
	 Section 9.03
	  	 Exculpatory Provisions
	  	 	102	  
	 Section 9.04
	  	 Reliance by Administrative Agent
	  	 	103	  
	 Section 9.05
	  	 Delegation of Duties
	  	 	103	  
	 Section 9.06
	  	 Resignation of Administrative Agent
	  	 	103	  
	 Section 9.07
	  	 Non-Reliance on Administrative Agent and Other Lenders
	  	 	105	  
	 Section 9.08
	  	 No Other Duties, Etc.
	  	 	105	  
	 Section 9.09
	  	 Administrative Agent May File Proofs of Claim; Credit Bidding
	  	 	105	  
	 Section 9.10
	  	 Collateral and Guaranty Matters
	  	 	106	  
	 Section 9.11
	  	 Secured Cash Management Agreements and Secured Hedge Agreements
	  	 	107	  
		
	 ARTICLE X CONTINUING GUARANTY
	  	 	108	  
	 Section 10.01
	  	 Guaranty
	  	 	108	  
	 Section 10.02
	  	 Rights of Lenders
	  	 	108	  
	 Section 10.03
	  	 Certain Waivers
	  	 	108	  
	 Section 10.04
	  	 Obligations Independent
	  	 	109	  
	 Section 10.05
	  	 Subrogation
	  	 	109	  
	 Section 10.06
	  	 Termination; Reinstatement
	  	 	109	  
	 Section 10.07
	  	 Stay of Acceleration
	  	 	109	  
	 Section 10.08
	  	 Condition of Borrower
	  	 	109	  
	 Section 10.09
	  	 Appointment of Borrower
	  	 	110	  
	 Section 10.10
	  	 Right of Contribution
	  	 	110	  
	 Section 10.11
	  	 Keepwell
	  	 	110	  
		
	 ARTICLE XI MISCELLANEOUS
	  	 	110	  
	 Section 11.01
	  	 Amendments, Etc.
	  	 	110	  
	 Section 11.02
	  	 Notices; Effectiveness; Electronic Communications
	  	 	112	  
	 Section 11.03
	  	 No Waiver; Cumulative Remedies; Enforcement
	  	 	114	  
	 Section 11.04
	  	 Expenses; Indemnity; Damage Waiver
	  	 	115	  


  
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	 Section 11.05
	  	 Payments Set Aside
	  	 	117	  
	 Section 11.06
	  	 Successors and Assigns
	  	 	117	  
	 Section 11.07
	  	 Treatment of Certain Information; Confidentiality
	  	 	121	  
	 Section 11.08
	  	 Right of Setoff
	  	 	122	  
	 Section 11.09
	  	 Interest Rate Limitation
	  	 	123	  
	 Section 11.10
	  	 Counterparts; Integration; Effectiveness
	  	 	123	  
	 Section 11.11
	  	 Survival of Representations and Warranties
	  	 	123	  
	 Section 11.12
	  	 Severability
	  	 	123	  
	 Section 11.13
	  	 Replacement of Lenders
	  	 	124	  
	 Section 11.14
	  	 Governing Law; Jurisdiction; Etc.
	  	 	124	  
	 Section 11.15
	  	 Waiver of Jury Trial
	  	 	125	  
	 Section 11.16
	  	 Subordination
	  	 	126	  
	 Section 11.17
	  	 No Advisory or Fiduciary Responsibility
	  	 	126	  
	 Section 11.18
	  	 Electronic Execution of Assignments and Certain Other Documents
	  	 	127	  
	 Section 11.19
	  	 USA PATRIOT Act Notice
	  	 	127	  
	 Section 11.20
	  	 Time of the Essence
	  	 	127	  
	 Section 11.21
	  	 No Novation
	  	 	127	  


  
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 BORROWER PREPARED SCHEDULES 

 

			
	 Schedule 1.01(c)
	  	Authorized Officers
	 Schedule 1.01(i)
	  	Investment Policy
	 Schedule 5.10
	  	Insurance
	 Schedule 5.12
	  	Pension Plans
	 Schedule 5.20(a)
	  	Subsidiaries, Partnerships and Other Equity Investments
	 Schedule 5.20(b)
	  	Loan Parties
	 Schedule 5.21(b)
	  	Intellectual Property
	 Schedule 5.21(c)
	  	Documents, Instrument, and Tangible Chattel Paper
	 Schedule 5.21(d)(i)
	  	Deposit Accounts & Securities Accounts
	 Schedule 5.21(d)(ii)
	  	Electronic Chattel Paper & Letter-of-Credit Rights
	 Schedule 5.21(e)
	  	Commercial Tort Claims
	 Schedule 5.21(f)
	  	Pledged Equity Interests
	 Schedule 5.21(g)(i)
	  	Mortgaged Properties
	 Schedule 5.21(g)(ii)
	  	Other Properties
	 Schedule 5.21(h)
	  	Material Contracts
	 Schedule 7.01
	  	Existing Liens
	 Schedule 7.02
	  	Existing Indebtedness
	 Schedule 7.03
	  	Existing Investments

 ADMINISTRATIVE AGENT PREPARED SCHEDULES 

 

			
	 Schedule 1.01(a)
	  	Certain Addresses for Notices
	 Schedule 1.01(b)
	  	Initial Commitments and Applicable Percentages
	 Schedule 1.01(e)
	  	Mortgaged Property Support Documentation

 EXHIBITS 
  

			
	 Exhibit A
	  	Form of Administrative Questionnaire
	 Exhibit B
	  	Form of Assignment and Assumption
	 Exhibit C
	  	Form of Compliance Certificate
	 Exhibit D
	  	Form of Joinder Agreement
	 Exhibit E
	  	Form of Loan Notice
	 Exhibit F
	  	Form of Permitted Acquisition Certificate
	 Exhibit G
	  	Form of Revolving Note
	 Exhibit H
	  	Form of Secured Party Designation Notice
	 Exhibit I
	  	Form of Solvency Certificate
	 Exhibit J
	  	Form of Swingline Loan Notice
	 Exhibit K
	  	Form of Officer’s Certificate
	 Exhibit L
	  	Forms of U.S. Tax Compliance Certificates
	 Exhibit M
	  	Form of Funding Indemnity Letter
	 Exhibit N-1
	  	Form of Bailee Agreement
	 Exhibit N-2
	  	Form of Landlord Waiver
	 Exhibit O
	  	Form of Financial Condition Certificate
	 Exhibit P
	  	Form of Authorization to Share Insurance Information
	 Exhibit Q
	  	Form of Borrowing Base Certificate
	 Exhibit R
	  	Form of Back-Log Spreadsheet
	 Exhibit S
	  	Form of Take-Out Spreadsheet
	 Exhibit T
	  	Form of Unencumbered Liquidity Certificate


  
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 The registrant agrees to furnish to the Securities and Exchange Commission upon request a copy of any
omitted schedule or exhibit. 

  
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portion has been omitted and filed separately with the Securities and Exchange Commission. 








 AMENDED AND RESTATED CREDIT AGREEMENT 

This AMENDED AND RESTATED CREDIT AGREEMENT is entered into as of November 1, 2013, among SOLARCITY CORPORATION, a
Delaware corporation (the “Borrower”), the Guarantors (defined herein), the Lenders (defined herein), and BANK OF AMERICA, N.A., as Administrative Agent, Swingline Lender and L/C Issuer. 

PRELIMINARY STATEMENTS: 
 WHEREAS, Borrower, various lenders party thereto, and Administrative Agent, as agent for such lenders have entered into that certain Credit Agreement, dated as of September 10, 2012 (as
amended, the “Existing Credit Agreement”); 
 WHEREAS, , Borrower, Administrative Agent and the Lenders
have agreed to amend and restate the Existing Credit Agreement to modify certain terms thereof; 
 NOW THEREFORE,
in consideration of the mutual conditions and agreements set forth in this Agreement, and for good and valuable consideration, the receipt of which is hereby acknowledged, the Lenders, the Administrative Agent, and Borrower hereby agree to amend and
restate the Existing Credit Agreement as follows: 
 ARTICLE I 

DEFINITIONS AND ACCOUNTING TERMS 
 Section 1.01 Defined Terms. 
 As used in this Agreement, the
following terms shall have the respective meanings set forth below: 
 “2013 Indenture” means the Indenture,
dated as of October 21, 2013, between the Borrower and Wells Fargo, National Association, as trustee 
 “Activity
Basis” means recognizing all past, current and future revenue, expenses and associated income from a project at the time (i) with respect to photovoltaic projects, a project passes any and all city inspections required in such
project’s jurisdiction and (ii) with respect to projects that are not solar photovoltaic projects, a project is complete. 
 “Acquisition” means the acquisition, whether through a single transaction or a series of related transactions, of (a) majority of the Voting Stock or other controlling ownership
interest in another Person (including the purchase of an option, warrant or convertible or similar type security to acquire such a controlling interest at the time it becomes exercisable by the holder thereof), whether by purchase of such equity or
other ownership interest or upon the exercise of an option or warrant for, or conversion of securities into, such equity or other ownership interest, or (b) assets of another Person which constitute all or substantially all of the assets of
such Person or of a division, line of business or other business unit of such Person. 

  
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 “Additional Secured Obligations” means (a) all obligations arising
under Secured Cash Management Agreements and Secured Hedge Agreements and (b) all costs and expenses incurred in connection with enforcement and collection of the foregoing, including the fees, charges and disbursements of counsel, in each case
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 Loan Party 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; provided that, Additional Secured
Obligations of a Guarantor shall exclude any Excluded Swap Obligations with respect to such Guarantor. 

“Administrative Agent” means Bank of America in its capacity as administrative agent under any of the Loan Documents, or
any successor administrative agent. 
 “Administrative Agent’s Office” means the Administrative
Agent’s address and, as appropriate, account as set forth on Schedule 1.01(a), or such other address or account as the Administrative Agent may from time to time notify the Borrower and the Lenders. 

“Administrative Questionnaire” means an Administrative Questionnaire in substantially the form of Exhibit A or
any other form approved 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. 
 “Aggregate Commitments” means the Commitments of all the Lenders. 

“Agreement” means this Credit Agreement. 
 “Applicable Percentage” means with respect to any Lender at any time, the percentage (carried out to the ninth decimal place) of the Facility represented by such Lender’s Commitment
at such time, subject to adjustment as provided in Section 2.15. If the Commitment of all of the Lenders to make Revolving Loans and the obligation of the L/C Issuer to make L/C Credit Extensions have been terminated pursuant to
Section 8.02, or if the Commitments have expired, then the Applicable Percentage of each Lender in respect of the Facility shall be determined based on the Applicable Percentage of such Lender in respect of the Facility most recently in effect,
giving effect to any subsequent assignments. The Applicable Percentage of each Lender in respect of the Facility is set forth opposite the name of such Lender on Schedule 1.01(b) or in the Assignment and Assumption pursuant to which such
Lender becomes a party hereto, or in any documentation executed by such Lender pursuant to Section 2.16, as applicable. 

“Applicable Rate” means, for (a) Revolving Loans that are Base Rate Loans, 2.25%, (b) Revolving Loans that are
Eurodollar Rate Loans, 3.25%, (c) the Letter of Credit Fee, 3.25%, and (d) the Commitment Fee, 0.375%. 

“Applicable Revolving Percentage” means with respect to any Lender at any time, such Lender’s Applicable Percentage
in respect of the Facility at such time. 
 “Appraisal” means the appraisal acquired by the Borrower every six
months which (i) is from a nationally recognized third-party appraiser that (A) is qualified to appraise independent electric 

  
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generating businesses, and (B) has been engaged in the appraisal or business valuation and consulting business for no fewer than five years, (ii) (A) is approved by the applicable
Tax Equity Investor and (B) shows the fair market value of new residential and commercial photovoltaic systems in each of the States of the United States in which Projects are being Tranched, in each case expressed in terms of dollars per watt
of installed capacity. 
 “Appropriate Lender” means, at any time, (a) with respect to the Facility, a
Lender that has a Commitment or holds a Revolving Loan at such time, (b) with respect to the Letter of Credit Sublimit, (i) the L/C Issuer and (ii) if any Letters of Credit have been issued pursuant to Section 2.03, the Lenders
and (c) with respect to the Swingline Sublimit, (i) the Swingline Lender and (ii) if any Swingline Loans are outstanding pursuant to Section 2.04(a), the Lenders. 

“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
Merrill Lynch, Pierce, Fenner & Smith Incorporated, in its capacity as sole lead arranger and sole book manager. 

“ARRTA” means the American Recovery and Reinvestment Tax Act of 2009, Pub. L. No. 111-5, as amended. 

“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 11.06(b)), and accepted by the Administrative Agent, in substantially the form of Exhibit B or any other form (including electronic documentation generated by
MarkitClear or other electronic platform) approved by the Administrative Agent. 
 “Attributable Indebtedness”
means, on any date, (a) in respect of any Capitalized Lease of any Person, the capitalized amount thereof that would appear on a balance sheet of such Person prepared as of such date in accordance with GAAP, and (b) in respect of any
Synthetic Lease Obligation, the capitalized amount of the remaining lease or similar payments under the relevant lease or other applicable agreement or instrument that would appear on a balance sheet of such Person prepared as of such date in
accordance with GAAP if such lease or other agreement or instrument were accounted for as a Capitalized Lease. 

“Audited Financial Statements” means the audited Consolidated balance sheet of the Borrower and its Subsidiaries for the
fiscal year ended December 31, 2012, and the related Consolidated statements of income or operations, shareholders’ equity and cash flows for such fiscal year of the Borrower and its Subsidiaries, including the notes thereto. 

“Availability Period” means in respect of the Facility, the period from and including the Closing Date to the earliest
of (i) the Maturity Date for the Facility, (ii) the date of termination of the Commitments pursuant to Section 2.06, and (iii) the date of termination of the Commitment of each Lender to make Revolving Loans and of the obligation
of the L/C Issuer to make L/C Credit Extensions pursuant to Section 8.02. 
 “Available Take-Out” means,
as of a given date of determination, the aggregate of (i) each Tax Equity Investor’s Tax Equity Commitment less all amounts advanced by such Tax Equity Investors under such Tax Equity Commitment, and (ii) the commitment of any
Backlever Financing, less all amounts advanced by the applicable lender under such Backlever Financing, in each case as set forth in the Take-Out Spreadsheet. 

  
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 “Backlever Financing” means Indebtedness for borrowed money incurred by an
Excluded Subsidiary where (i) such Indebtedness is made pursuant to an accounts receivable financing, a factoring facility or other similar financing; (ii) such Indebtedness is incurred only with respect to Projects that have been
Tranched; (iii) Borrower does not guaranty the payment of debt service for such Indebtedness; and (iv) the Person providing the financing for such Indebtedness maintains no interest in, right or title to any Available Take-Out (other than
a Backlever Financing). 
 “Back-Log Spreadsheet” means a spreadsheet for residential, commercial and military
Projects, substantially in the form attached hereto as Exhibit R, providing for the status and amount of Project Back-Log. 
 “Bank of America” means Bank of America, N.A. and its successors. 

“Base Rate” means for any day a fluctuating rate per annum equal to the highest of (a) the Federal Funds Rate plus
0.50%, (b) the rate of interest in effect for such day as publicly announced from time to time by Bank of America as its “prime rate,” and (c) the Eurodollar Rate plus 1.00%. The “prime rate” is a rate set by Bank of
America based upon various factors including Bank of America’s costs and desired return, general economic conditions and other factors, and is used as a reference point for pricing some loans, which may be priced at, above, or below such
announced rate. Any change in such prime rate announced by Bank of America shall take effect at the opening of business on the day specified in the public announcement of such change. 

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

“Borrower” has the meaning specified in the introductory paragraph hereto. 

“Borrower Materials” has the meaning specified in Section 6.02. 

“Borrowing” means a Revolving Borrowing or a Swingline Borrowing, as the context may require. 

“Borrowing Base” means, the sum of (i) the Commercial Project Formula Amount, plus (ii) the Military
Project Formula Amount, plus (iii) the Residential Project Formula Amount, minus (iv) the Lien Reserve. 

“Borrowing Base Certificate” means a certificate substantially in the form of Exhibit Q. 

“Borrowing Base Deficiency” means, at any time of determination, the failure of the Borrowing Base to exceed the Total
Outstandings. Such determination shall be made based on the most recently delivered Borrowing Base Certificate and Total Outstandings as reflected in the Register. 
 “Business Day” means any day other than a Saturday, Sunday or other day on which commercial banks are authorized to close under the Laws of, or are in fact closed in, the state where the
Administrative Agent’s Office is located and, if such day relates to any Eurodollar Rate Loan, means any such day that is also a London Banking Day. 
 “Capital Expenditures” means, with respect to any Person for any period, any expenditure in respect of the purchase or other acquisition of any fixed or capital asset (excluding
(i) acquisitions of PV Systems made in the ordinary course of business and (ii) normal replacements and maintenance which are properly charged to current operations). 

  
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 “Capitalized Leases” means all leases that have been or should be, in
accordance with GAAP, recorded as capitalized leases. 
 “Cash Collateral Account” means a blocked,
non-interest bearing deposit account of one or more of the Loan Parties at Bank of America in the name of the Administrative Agent and under the sole dominion and control of the Administrative Agent, and otherwise established in a manner
satisfactory to the Administrative Agent. 
 “Cash Collateralize” means, to pledge and deposit with or deliver
to the Administrative Agent, for the benefit of one or more of the L/C Issuers or the Lenders, as collateral for L/C Obligations, the Obligations, or obligations of the Revolving Lenders to fund participations in respect of L/C Obligations,
(a) cash or deposit account balances, (b) backstop letters of credit entered into on terms, from issuers and in amounts satisfactory to the Administrative Agent and the applicable L/C Issuer, and/or (c) if the Administrative Agent and
the applicable L/C Issuer shall agree, in their sole discretion, other credit support, in each case, in Dollars and pursuant to documentation in form and substance satisfactory to the Administrative Agent and such L/C Issuer. “Cash
Collateral” shall have a meaning correlative to the foregoing and shall include the proceeds of such Cash Collateral and other credit support. 
 “Cash Consideration” means, with respect to any Acquisition, as at the date of consummation of such Acquisition, the amount of any cash and fair market value or other property (excluding
Equity Consideration and the unpaid principal amount of any debt instrument) given as consideration in connection with such Acquisition. 
 “Cash Equivalents” means any of the following types of investments, to the extent owned by the Borrower or any of its Subsidiaries free and clear of all Liens (other than Permitted
Liens): 
 (a) readily marketable obligations issued or directly and fully guaranteed or insured by the United
States or any agency or instrumentality thereof having maturities of not more than three hundred sixty days (360) days from the date of acquisition thereof; provided that, the full faith and credit of the United States is pledged in support
thereof; 
 (b) time deposits with, or insured certificates of deposit or bankers’ acceptances of, any
commercial bank that (i) (A) is a Lender or (B) is organized under the laws of the United States, any state thereof or the District of Columbia or is the principal banking subsidiary of a bank holding company organized under the laws
of the United States, any state thereof or the District of Columbia, and is a member of the Federal Reserve System, (ii) issues (or the parent of which issues) commercial paper rated as described in clause (c) of this definition and
(iii) has combined capital and surplus of at least $1,000,000,000, in each case with maturities of not more than one hundred eighty (180) days from the date of acquisition thereof; 

(c) commercial paper issued by any Person organized under the laws of any state of the United States and rated at least
“Prime-1” (or the then equivalent grade) by Moody’s or at least “A-1” (or the then equivalent grade) by S&P, in each case with maturities of not more than one hundred eighty (180) days from the date of acquisition
thereof; and 
 (d) Investments, classified in accordance with GAAP as current assets of the Borrower or any of
its Subsidiaries, in money market investment programs registered under the Investment Company Act of 1940, which are administered by financial institutions that have the highest rating obtainable from either Moody’s or S&P, and the
portfolios of which are limited solely to Investments of the character, quality and maturity described in clauses (a), (b) and (c) of this definition. 

  
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 “Cash Grant” means any grant under Section 1603 of ARRTA or any
successor or other similar provision, including any similar provision concerning a refundable tax credit that replaces such grant program. 
 “Cash Management Agreement” means any agreement that is not prohibited by the terms hereof to provide treasury or cash management services, including deposit accounts, overnight draft,
credit cards, debit cards, p-cards (including purchasing cards and commercial cards), funds transfer, automated clearinghouse, zero balance accounts, returned check concentration, controlled disbursement, lockbox, account reconciliation and
reporting and trade finance services and other cash management services. 
 “Cash Management Bank” means any
Person in its capacity as a party to a Cash Management Agreement that, (a) at the time it enters into a Cash Management Agreement with a Loan Party, is a Lender or an Affiliate of a Lender, or (b) at the time it (or its Affiliate) becomes
a Lender, is a party to a Cash Management Agreement with a Loan Party, in each case in its capacity as a party to such Cash Management Agreement (even if such Person ceases to be a Lender or such Person’s Affiliate ceased to be a Lender);
provided, however, that for any of the foregoing to be included as a “Secured Cash Management Agreement” on any date of determination by the Administrative Agent, the applicable Cash Management Bank (other than the
Administrative Agent or an Affiliate of the Administrative Agent) must have delivered a Secured Party Designation Notice to the Administrative Agent prior to such date of determination. 

“CERCLA” means the Comprehensive Environmental Response, Compensation and Liability Act of 1980. 

“CERCLIS” means the Comprehensive Environmental Response, Compensation and Liability Information System maintained by
the U.S. Environmental Protection Agency. 
 “CFC” means a Person that is a controlled foreign corporation
under Section 957 of the Code. 
 “Change in Law” means the occurrence, after the Closing Date, of any of
the following: (a) the adoption or taking effect of any law, rule, regulation or treaty, (b) any change in any law, rule, regulation or treaty or in the administration, interpretation, implementation or application thereof by any
Governmental Authority or (c) the making or issuance of any request, rule, guideline or directive (whether or not having the force of law) by any Governmental Authority; provided that, notwithstanding anything herein to the contrary,
(i) the Dodd-Frank Wall Street Reform and Consumer Protection Act and all requests, rules, guidelines or directives thereunder or issued in connection therewith and (ii) all requests, rules, guidelines or directives promulgated by the Bank
for International Settlements, the Basel Committee on Banking Supervision (or any successor or similar authority) or the United States or foreign regulatory authorities, in each case pursuant to Basel III, shall in each case be deemed to be a
“Change in Law,” regardless of the date enacted, adopted or issued. 
 “Change of Control” means an
event or series of events by which: 
 (a) any “person” or “group” (as such terms are used in
Sections 13(d) and 14(d) of the Securities Exchange Act of 1934, but excluding any employee benefit plan of such person or its subsidiaries, and any person or entity acting in its capacity as trustee, agent or other fiduciary or administrator of any
such plan) other than an Existing Shareholder becomes the “beneficial 

  
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owner” (as defined in Rules 13d-3 and 13d-5 under the Securities Exchange Act of 1934, except that a person or group shall be deemed to have “beneficial ownership” of all
securities that such person or group has the right to acquire, whether such right is exercisable immediately or only after the passage of time (such right, an “option right”)), directly or indirectly, of 25% or more of the Equity Interests
of the Borrower entitled to vote for members of the board of directors or equivalent governing body of the Borrower on a fully-diluted basis (and taking into account all such securities that such “person” or “group” has the right
to acquire pursuant to any option right); or 
 (b) during any period of twelve (12) consecutive months, a
majority of the members of the board of directors or other equivalent governing body of the Borrower cease to be composed of individuals (i) who were members of that board or equivalent governing body on the first day of such period,
(ii) whose election or nomination to that board or equivalent governing body was approved by individuals referred to in clause (i) above constituting at the time of such election or nomination at least a majority of that board or
equivalent governing body or (iii) whose election or nomination to that board or other equivalent governing body was approved by individuals referred to in clauses (i) and (ii) above constituting at the time of such election or
nomination at least a majority of that board or equivalent governing body (excluding, in the case of both clause (ii) and clause (iii), any individual whose initial nomination for, or assumption of office as, a member of that board or
equivalent governing body occurs as a result of an actual or threatened solicitation of proxies or consents for the election or removal of one or more directors by any person or group other than a solicitation for the election of one or more
directors by or on behalf of the board of directors). 
 “Closing Date” means the date hereof. 

“Code” means the Internal Revenue Code of 1986. 

“Collateral” means all of the “Collateral” and “Mortgaged Property” referred to in the
Collateral Documents and all of the other property that is or is intended under the terms of the Collateral Documents to be subject to Liens in favor of the Administrative Agent for the benefit of the Secured Parties. 

“Collateral Documents” means, collectively, the Security Agreement, the Mortgages, any related Mortgaged Property
Support Documents, each Joinder Agreement, each of the mortgages, collateral assignments, security agreements, pledge agreements or other similar agreements delivered to the Administrative Agent pursuant to Section 6.14, and each of the other
agreements, instruments or documents that creates or purports to create a Lien in favor of the Administrative Agent for the benefit of the Secured Parties. 
 “Commercial Project Formula Amount” means the lesser of (i) 40% of the Eligible Commercial Project Back-Log, and (ii) 70% of the Eligible Commercial Take-Out. 

“Commitment” means, as to each Lender, its obligation to (a) make Revolving Loans to the Borrower pursuant to
Section 2.01(b), (b) purchase participations in L/C Obligations, and (c) purchase participations in Swingline Loans, in an aggregate principal amount at any one time outstanding not to exceed the amount set forth opposite such
Lender’s name on Schedule 1.01(b) under the caption “Commitment” or opposite such caption in the Assignment and Assumption pursuant to which such Lender becomes a party hereto, as applicable, as such amount may be adjusted from
time to time in accordance with this Agreement. 

  
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 “Commitment Fee” has the meaning set forth in Section 2.09(a).

 “Commodity Exchange Act” means the Commodity Exchange Act (7 U.S.C. § 1 et seq.), as amended from time
to time, and any successor statute. 
 “Compliance Certificate” means a certificate substantially in the form
of Exhibit C. 
 “Connection Income Taxes” means Other Connection Taxes that are imposed on or measured
by net income (however denominated) or that are franchise Taxes or branch profits Taxes. 
 “Consolidated”
means, when used with reference to financial statements or financial statement items of the Borrower and its Subsidiaries or any other Person, such statements or items on a consolidated basis in accordance with the consolidation principles of GAAP.

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

“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. 

“Cost of Acquisition” means, with respect to any Acquisition, as at the date of entering into any agreement therefor,
the sum of the following (without duplication): (a) Equity Consideration, (b) Cash Consideration, (c) the amount (determined by using the face amount or the amount payable at maturity, whichever is greater) of any Indebtedness
incurred, assumed or acquired by the Borrower or any Subsidiary in connection with such Acquisition, (d) a reasonable estimate of all additional purchase price amounts in the form of earn outs and other contingent obligations that should be
recorded on the financial statements of the Borrower and its Subsidiaries in accordance with GAAP in connection with such Acquisition, (e) a reasonable estimate of all amounts paid in respect of covenants not to compete, consulting agreements
that should be recorded on the financial statements of the Borrower and its Subsidiaries in accordance with GAAP, and other affiliated contracts in connection with such Acquisition, and (f) the aggregate fair market value of all other
consideration given by the Borrower or any Subsidiary in connection with such Acquisition. 
 “Credit
Extension” means each of the following: (a) a Borrowing and (b) an L/C Credit Extension. 
 “Customer
Lease Agreement” means a lease agreement entered into by Borrower and its customer, pursuant to which such customer agrees to lease a PV System from Borrower in the ordinary course of business. 

“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. 

“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. 

  
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 “Default Rate” means (a) with respect to any Obligation for which a
rate is specified, a rate per annum equal to two percent (2%) in excess of the rate otherwise applicable thereto and (b) with respect to any Obligation for which a rate is not specified or available, a rate per annum equal to the Base Rate
plus the Applicable Rate for Revolving Loans that are Base Rate Loans plus two percent (2%), in each case, to the fullest extent permitted by applicable Law. 
 “Defaulting Lender” means, subject to Section 2.15(b), any Lender that (a) has failed to (i) fund all or any portion of its Loans within two (2) Business Days of the
date such Loans were required to be funded hereunder unless such Lender notifies the Administrative Agent and the Borrower in writing that such failure is the result of such Lender’s determination that one or more conditions precedent to
funding (each of which conditions precedent, together with any applicable default, shall be specifically identified in such writing) has not been satisfied, or (ii) pay to the Administrative Agent, the L/C Issuer, the Swingline Lender or any
other Lender any other amount required to be paid by it hereunder (including in respect of its participation in Letters of Credit or Swingline Loans) within two (2) Business Days of the date when due, (b) has notified the Borrower, the
Administrative Agent, the L/C Issuer or the Swingline Lender in writing that it does not intend to comply with its funding obligations hereunder, or has made a public statement to that effect (unless such writing or public statement relates to such
Lender’s obligation to fund a Loan hereunder and states that such position is based on such Lender’s determination that a condition precedent to funding (which condition precedent, together with any applicable default, shall be
specifically identified in such writing or public statement) cannot be satisfied), (c) has failed, within three (3) Business Days after written request by the Administrative Agent or the Borrower, to confirm in writing to the
Administrative Agent and the Borrower that it will comply with its prospective funding obligations hereunder (provided that such Lender shall cease to be a Defaulting Lender pursuant to this clause (c) upon receipt of such written confirmation
by the Administrative Agent and the Borrower), or (d) has, or has a direct or indirect parent company that has, (i) become the subject of a proceeding under any Debtor Relief Law, or (ii) had appointed for it a receiver, custodian,
conservator, trustee, administrator, assignee for the benefit of creditors or similar Person charged with reorganization or liquidation of its business or assets, including the Federal Deposit Insurance Corporation or any other state or federal
regulatory authority acting in such a capacity; provided that, a Lender shall not be a Defaulting Lender solely by virtue of the ownership or acquisition of any Equity Interest in that Lender or any direct or indirect parent company thereof
by a Governmental Authority so long as such ownership interest does not result in or provide such Lender with immunity from the jurisdiction of courts within the United States or from the enforcement of judgments or writs of attachment on its assets
or permit such Lender (or such Governmental Authority) to reject, repudiate, disavow or disaffirm any contracts or agreements made with such Lender. Any determination by the Administrative Agent that a Lender is a Defaulting Lender under any one or
more of clauses (a) through (d) above, and the effective date of such status, shall be conclusive and binding absent manifest error, and such Lender shall be deemed to be a Defaulting Lender (subject to Section 2.15(b)) as of the date
established therefor by the Administrative Agent in a written notice of such determination, which shall be delivered by the Administrative Agent to the Borrower, the L/C Issuer, the Swingline Lender and each other Lender promptly following such
determination. 
 “Deposit Account” has the meaning set forth in the UCC. 

“Designated Jurisdiction” means any country or territory to the extent that such country or territory is the subject of
any Sanction. 
 “Disposition” or “Dispose” means the sale, transfer, license, lease or other
disposition (including any Sale and Leaseback Transaction) of any property by any Loan Party or Subsidiary (or the granting of any option or other right to do any of the foregoing), including any sale, assignment, transfer or other disposal, with or
without recourse, of any notes or accounts receivable or any rights and claims associated therewith. 

  
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 “Dollar” and “$” mean lawful money of the United States.

 “Domestic Subsidiary” means any Subsidiary that is organized under the laws of any political subdivision of
the United States, including the Commonwealth of Puerto Rico. 
 “Eligible Assignee” means any Person that
meets the requirements to be an assignee under Section 11.06 (subject to such consents, if any, as may be required under Section 11.06(b)(iii)). 
 “Eligible Commercial Project Back-Log” means the Eligible Project Back-Log for PV Systems to be installed on commercial property. 

“Eligible Commercial Take-Out” means Eligible Take-Out which is available for the purchase, lease or financing of PV
Systems that make up Eligible Commercial Project Back-Log. 
 “Eligible Military Project Back-Log” means the
Eligible Project Back-Log for PV Systems which are to be installed on property located on military bases. 
 “Eligible Military Take-Out” means Eligible Take-Out which is available for the purchase, lease or financing of PV Systems that make up Eligible Military Project Back-Log. 

“Eligible Project Back-Log” means the Project Back-Log except for the following, which shall be deemed ineligible:

 (a) 20% of residential Projects for which the period of time during which the applicable customer can
terminate the Host Customer Agreement has not yet expired; 
 (b) residential Projects set forth in SolarWorks as
being in the “permit phase” for more than [***] after being included in Project Back-Log; 
 (c)
commercial Projects set forth in SolarWorks as being in the “permit phase” for more than [***] after being included in Project Back-Log; 
 (d) military Projects set forth in SolarWorks as being in the “permit phase” for more than [***] after being included in Project Back-Log; 

(e) Projects which are purchased in cash by a customer (to the extent included in Project Back-Log); 

(f) a Project to be installed on the property of a customer of Borrower if the Project Back-Log with respect to Projects
for such customer exceeds 15% of the total Project Back-Log; provided, that ineligibility shall only apply to such excess and such limitation shall not apply to Projects provided to customers that have obtained an unsecured public debt rating
of A or better from either Moody’s or S&P; 
 (g) Projects to be Tranched in order to cure the True-Up
Liability; 
 (h) a Project which has been identified for Tranching using Available Take-Out which is not
Eligible Take-Out; and 
 (i) Projects expressly deemed ineligible by the Administrative Agent pursuant to
Section 2.01(b)(i) herein. 

  
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 “Eligible Residential Project Back-Log” means the Eligible Project Back-Log
for PV Systems which are to be installed on residential property. 
 “Eligible Residential Take-Out” means
Eligible Take-Out which is available for the purchase, lease or financing of PV Systems which make up Eligible Residential Project Back-Log. 
 “Eligible Take-Out” means the Available Take-Out except for the following, which shall be deemed ineligible: 

(a) Available Take-Out provided by any Person (i) that has disputed its obligation to fund such Available Take-Out,
(ii) that generally made statements that it is unable to satisfy its funding obligations, or (iii) for which any Person may have any claim, demand, or liability whether by action, suit, counterclaim or otherwise against such Available
Take-Out; 
 (b) the Person providing such Available Take-Out is the subject of any action or proceeding of a
type described in Section 8.01(f); 
 (c) the Available Take-Out is obtained from any facility other than
(i) a Tax Equity Commitment under a Partnership Flip Structure, Sale-Leaseback Structure or Inverted Lease Structure, (ii) Backlever Financing, or (iii) other financings acceptable to Administrative Agent and Required Lenders;

 (d) Available Take-Out provided by a Person who has the right of offset with respect to any amounts owed to
such Person by Borrower or its Subsidiaries; provided, that ineligibility shall be limited to the amount of such set-off; 
 (e) Tax Equity Commitments or commitment of Backlever Financing expressly deemed ineligible by the Administrative Agent pursuant to Section 2.01(b)(ii) herein; and 

(f) Any Available Take-Out with respect to which a default has occurred and is continuing under the documents governing
the applicable Tax Equity Commitments or Backlever Financing. 
 “Environmental Laws” means any and all
federal, state, local, and foreign statutes, laws, regulations, ordinances, rules, judgments, orders, decrees, permits, concessions, grants, franchises, licenses, agreements or governmental restrictions relating to pollution and the protection of
the environment or the release of any materials into the environment, including those related to hazardous substances or wastes, air emissions and discharges to waste or public systems. 

“Environmental Liability” means any liability, contingent or otherwise (including any liability for damages, costs of
environmental remediation, fines, penalties or indemnities), of the Borrower, any other Loan Party or any of their respective Subsidiaries directly or indirectly resulting from or based upon (a) violation of any Environmental Law, (b) the
generation, use, handling, transportation, storage, treatment or disposal of any Hazardous Materials, (c) exposure to any Hazardous Materials, (d) the release or threatened release of any Hazardous Materials into the environment or
(e) any contract, agreement or other consensual arrangement pursuant to which liability is assumed or imposed with respect to any of the foregoing. 

  
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 “Environmental Permit” means any permit, approval, identification number,
license or other authorization required under any Environmental Law. 
 “Equity Consideration” means, with
respect to any Acquisition, as at the date of consummation of such Acquisition, the ratio, stated as a percentage, of (i) the Equity Interests of the Borrower or any Subsidiary to be transferred in connection with such Acquisition, to
(ii) the total Equity Interests of the Borrower, plus the Equity Interests of the Borrower or any Subsidiary to be transferred in connection with such Acquisition. For purposes of determining the Equity Consideration for any transaction, the
Equity Interests of Borrower shall be valued in accordance with GAAP. 
 “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 nonvoting, and whether or not such
shares, warrants, options, rights or other interests are outstanding. 
 “ERISA” means the Employee Retirement
Income Security Act of 1974. 
 “ERISA Affiliate” means any trade or business (whether or not incorporated)
under common control with the Borrower within the meaning of Section 414(b) or (c) of the Code (and Sections 414(m) and (o) of the Code for purposes of provisions relating to Section 412 of the Code). 

“ERISA Event” means (a) a Reportable Event with respect to a Pension Plan; (b) the withdrawal of the Borrower
or any ERISA Affiliate from a Pension Plan subject to Section 4063 of ERISA during a plan year in which such entity was a “substantial employer” as defined in Section 4001(a)(2) of ERISA or a cessation of operations that is
treated as such a withdrawal under Section 4062(e) of ERISA; (c) a complete or partial withdrawal by the Borrower or any ERISA Affiliate from a Multiemployer Plan or notification that a Multiemployer Plan is in reorganization; (d) the
filing of a notice of intent to terminate, the treatment of a Pension Plan amendment as a termination under Section 4041 or 4041A of ERISA; (e) the institution by the PBGC of proceedings to terminate a Pension Plan; (f) any event or
condition which constitutes grounds under Section 4042 of ERISA for the termination of, or the appointment of a trustee to administer, any Pension Plan; (g) the determination that any Pension Plan is considered an at-risk plan or a plan in
endangered or critical status within the meaning of Sections 430, 431 and 432 of the Code or Sections 303, 304 and 305 of ERISA; or (h) the imposition of any liability under Title IV of ERISA, other than for PBGC premiums due but not delinquent
under Section 4007 of ERISA, upon the Borrower or any ERISA Affiliate. 
 “Eurodollar Rate” means:

 (a) for any Interest Period with respect to a Eurodollar Rate Loan, the rate per annum equal to the London
Interbank Offered Rate (“LIBOR”), or a comparable or successor rate which rate is approved by the Administrative Agent, as published on the applicable Reuters screen page (or such other commercially available source providing such
quotations as may be designated by the Administrative Agent from time to time) (in such case, the “LIBOR Rate”) at or about 11:00 a.m., London time, two (2) Business Days prior to the commencement of such Interest Period, for
Dollar deposits (for delivery on the first day of such Interest Period) with a term equivalent to such Interest Period; and 
 (b) for any interest calculation with respect to a Base Rate Loan on any date, the rate per annum equal to the LIBOR Rate, at or about 11:00 a.m., London time, two (2) Business Days prior to such
date for Dollar deposits with a term of one (1) month commencing that day; 

  
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 provided that, to the extent a comparable or successor rate is approved by the
Administrative Agent in connection herewith, the approved rate shall be applied in a manner consistent with market practice; provided, further that to the extent such market practice is not administratively feasible for the Administrative Agent,
such approved rate shall be applied in a manner as otherwise reasonably determined by the Administrative Agent. 

“Eurodollar Rate Loan” means a Revolving Loan that bears interest at a rate based on clause (a) of the definition
of “Eurodollar Rate.” 
 “Event of Default” has the meaning specified in Section 8.01.

 “Excluded Property” means, with respect to any Loan Party, (a) any owned or leased real property which
is located outside of the United States, (b) any Intellectual Property, (c) the Equity Interests of or in any Excluded Subsidiary, (d) the Equity Interests of any Foreign Subsidiary of any Loan Party to the extent not required to be
pledged to secure the Secured Obligations pursuant to the Collateral Documents, and (e) any SREC that (i) has been sold pursuant to a forward purchase contract or a payment upon delivery contract (ii) is subject to the interest of a
third party in connection with the monetization of such SREC, and (iii) by the terms of the assignment of such SREC, automatically reverts back to an Excluded Subsidiary after the occurrence of any event. 

“Excluded Subsidiaries” means (i) any existing or future acquired or formed special purpose Subsidiary without
employees in which Borrower holds a direct or indirect interest, established for the purpose of acquiring, leasing, operating, owning or financing energy systems and any SRECs, directly or indirectly, including but not limited to solar photovoltaic,
battery storage, geothermal and other renewable energy technologies, in each case, whose (A) committed financing or equity contribution proceeds are included in the calculation of Available Take-Out, (B) Tax Equity Commitments have been
fully deployed and which Tax Equity Commitments are no longer included in the calculation Available Take-Out or (C) was acquired or formed solely as an obligor for a System Refinancing and which has no assets other than those being borrowed
against or securing such System Refinancing, (ii) any existing or future acquired or formed Immaterial Subsidiary, and (iii) any existing or future acquired or formed Subsidiary operating as a public utility, Load-Serving Entity, electric
supplier, or [***]. 
 “Excluded Swap Obligation” means, with respect to any Guarantor, any Swap Obligation if,
and to the extent that, all or a portion of the Guaranty of such Guarantor of, or the grant by such Guarantor of a Lien to secure, such Swap Obligation (or any Guarantee thereof) is or becomes illegal under the Commodity Exchange Act (or the
application or official interpretation thereof) by virtue of such Guarantor’s failure for any reason to constitute an “eligible contract participant” as defined in the Commodity Exchange Act (determined after giving effect to
Section 10.11 and any other “keepwell, support or other agreement for the benefit of such Guarantor and any and all guarantees of such Guarantor’s Swap Obligations by other Loan Parties) at the time the Guaranty of such Guarantor, or
grant by such Guarantor of a Lien, becomes effective with respect to such Swap Obligation. If a Swap Obligation arises under a Master Agreement governing more than one Swap Contract, such exclusion shall apply only to the portion of such Swap
Obligation that is attributable to Swap Contracts for which such Guaranty or Lien is or becomes excluded in accordance with the first sentence of this definition. 

  
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 “Excluded Taxes” means any of the following Taxes imposed on or with
respect to any Recipient or required to be withheld or deducted from a payment to a Recipient, (a) Taxes imposed on or measured by net income (however denominated), franchise Taxes, and branch profits Taxes, in each case, (i) imposed as a
result of such Recipient being organized under the laws of, or having its principal office or, in the case of any Lender, its Lending Office located in, the jurisdiction imposing such Tax (or any political subdivision thereof) or (ii) that are
Other Connection Taxes; (b) in the case of a Lender, U.S. federal withholding Taxes imposed on amounts payable to or for the account of such Lender with respect to an applicable interest in a Loan or Commitment pursuant to a law in effect on
the date on which (i) such Lender acquires such interest in the Loan or Commitment (other than pursuant to an assignment request by the Borrower under Section 11.13) or (ii) such Lender changes its Lending Office, except in each case
to the extent that, pursuant to Sections 3.01(a)(ii), or 3.01(a)(iii) or (c), amounts with respect to such Taxes were payable either to such Lender’s assignor immediately before such Lender became a party hereto or to such Lender immediately
before it changed its Lending Office; (c) Taxes attributable to such Recipient’s failure to comply with Section 3.01(e); and (d) any U.S. federal withholding Taxes imposed pursuant to FATCA. 

“Existing Shareholder” means Elon Musk and any estate planning vehicle over which Elon Musk has exclusive right of
control, funds affiliated with Draper Fisher Jurvetson, funds affiliated with AJG Growth Fund, including Valor VC, LLC., funds affiliated with Generation Investment Management LLP, funds affiliated with DBL Investors, including Bay Area Equity Fund
and Jeffrey B. Straubel. 
 “Existing Vehicle Financing” means the credit facility provided to Borrower
pursuant to that certain Term Loan Agreement, dated January 24, 2011, between the Borrower and U.S. Bank National Association, as may be amended, restated, modified or refinanced from time to time. 

“Facility” means, at any time, the aggregate amount of the Lenders’ Commitments at such time. 

“Facility Termination Date” means the date as of which all of the following shall have occurred: (a) the Aggregate
Commitments have terminated, (b) all Obligations have been paid in full (other than contingent indemnification obligations), and (c) all Letters of Credit have terminated or expired (other than Letters of Credit as to which other
arrangements with respect thereto satisfactory to the Administrative Agent and the L/C Issuer shall have been made). 

“FASB ASC” means the Accounting Standards Codification of the Financial Accounting Standards Board. 

“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 and any agreements entered into pursuant to Section 1471(b)(1) of the Code.

 “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 Bank of America on such day on such transactions as
determined by the Administrative Agent. 

  
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 “Fee Letter” means the letter agreement, dated as of the date hereof,
between the Borrower, the Administrative Agent and the Arranger. 
 “Foreign Lender” means (a) if the
Borrower is a U.S. Person, a Lender that is not a U.S. Person, and (b) if the Borrower is not a U.S. Person, a Lender that is resident or organized under the laws of a jurisdiction other than that in which the Borrower is resident for tax
purposes. For purposes of this definition, the United States, each State thereof and the District of Columbia shall be deemed to constitute a single jurisdiction. 
 “Foreign Subsidiary” means any Subsidiary that is not a Domestic Subsidiary. 
 “FRB” means the Board of Governors of the Federal Reserve System of the United States. 
 “Flood Hazard Property” means any Mortgaged Property that is in an area designated by the Federal Emergency Management Agency as having special flood or mudslide hazards. 

“Fronting Exposure” means, at any time there is a Defaulting Lender that is a Lender, (a) with respect to the L/C
Issuer, such Defaulting Lender’s Applicable Percentage of the outstanding L/C Obligations other than L/C Obligations as to which such Defaulting Lender’s participation obligation has been reallocated to other Lenders or Cash Collateralized
in accordance with the terms hereof, and (b) with respect to the Swingline Lender, such Defaulting Lender’s Applicable Percentage of Swingline Loans other than Swingline Loans as to which such Defaulting Lender’s participation
obligation has been reallocated to other Lenders or Cash Collateralized in accordance with the terms hereof. 

“Fund” means any Person (other than a natural Person) that is (or will be) engaged in making, purchasing, holding or
otherwise investing in commercial loans and similar extensions of credit in the ordinary course of its activities. 

“Funding Indemnity Letter” means a funding indemnity letter, substantially in the form of Exhibit M.

 “GAAP” means generally accepted accounting principles in the United States set forth from time to time in
the opinions and pronouncements of the Accounting Principles Board and the American Institute of Certified Public Accountants and statements and pronouncements of the Financial Accounting Standards Board (or agencies with similar functions of
comparable stature and authority within the accounting profession) including, without limitation, the FASB ASC, that are applicable to the circumstances as of the date of determination, consistently applied and subject to Section 1.03.

 “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 of the kind described in clauses (a) through (g) of the definition thereof 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 

  
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for the purpose of assuring the obligee in respect of such Indebtedness or other obligation of the payment or performance of such Indebtedness or other obligation, (iii) to maintain working
capital, equity capital or any other financial statement condition or liquidity 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 of the kind described in clauses (a) through (g) of the definition thereof or other obligation of any other Person, whether or not such Indebtedness or other obligation is assumed or
expressly undertaken by such Person (or any right, contingent or otherwise, of any holder of such Indebtedness to obtain any such Lien). The amount of any Guarantee shall be deemed to be an amount equal to the stated or determinable amount of the
related primary obligation, or portion thereof, in respect of which such Guarantee is made or, if not stated or determinable, the maximum reasonably anticipated liability in respect thereof as determined by the guaranteeing Person in good faith. The
term “Guarantee” as a verb has a corresponding meaning. 
 “Guaranteed Obligations” has the
meaning set forth in Section 10.01. 
 “Guarantors” means, collectively, (a) the Subsidiaries of the
Borrower (other than Excluded Subsidiaries) as are or may from time to time become parties to this Agreement pursuant to Section 6.13, and (b) with respect to Additional Secured Obligations owing by any Loan Party (other than the Borrower)
and any Swap Obligation of a Specified Loan Party (determined before giving effect to Sections 10.01 and 10.11) under the Guaranty, the Borrower. 
 “Guaranty” means, collectively, the Guarantee made by the Guarantors under Article X in favor of the Secured Parties, together with each other guaranty delivered pursuant to
Section 6.13. 
 “Hazardous Materials” means all explosive or radioactive substances or wastes and all
hazardous or toxic substances, wastes or other pollutants, including petroleum or petroleum distillates, asbestos or asbestos-containing materials, polychlorinated biphenyls, radon gas, infectious or medical wastes and all other substances or wastes
of any nature regulated pursuant to any Environmental Law. 
 “Hedge Bank” means any Person in its capacity as
a party to a Swap Contract that, (a) at the time it enters into a Swap Contract not prohibited under Article VI or VII, is a Lender or an Affiliate of a Lender, or (b) at the time it (or its Affiliate) becomes a Lender, is a party to a
Swap Contract not prohibited under Article VI or VII, in each case, in its capacity as a party to such Swap Contract (even if such Person ceases to be a Lender or such Person’s Affiliate ceased to be a Lender); provided, in the case of a
Secured Hedge Agreement with a Person who is no longer a Lender (or Affiliate of a Lender), such Person shall be considered a Hedge Bank only through the stated termination date (without extension or renewal) of such Secured Hedge Agreement and
provided further that for any of the foregoing to be included as a “Secured Hedge Agreement” on any date of determination by the Administrative Agent, the applicable Hedge Bank (other than the Administrative Agent or an Affiliate of the
Administrative Agent) must have delivered a Secured Party Designation Notice to the Administrative Agent prior to such date of determination. 
 “Honor Date” has the meaning set forth in Section 2.03(c). 

“Host Customer Agreements” means the Power Purchase Agreements and Customer Lease Agreements. 

  
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 “Immaterial Subsidiary” means each Subsidiary of Borrower which at no time
after the Closing Date holds more than $5,000,000 of assets in accordance with GAAP for a trailing twelve (12) month period; provided, that at no time shall the aggregate assets held by all such subsidiaries exceed $15,000,000 in
accordance with GAAP for a trailing twelve (12) month period. 
 “Indebtedness” means, as to any Person at
a particular time, without duplication, all of the following, whether or not included as indebtedness or liabilities in accordance with GAAP: 
 (a) all obligations of such Person for borrowed money and all obligations of such Person evidenced by bonds, debentures, notes, loan agreements or other similar instruments; 

(b) the maximum amount of all direct or contingent obligations of such Person arising under letters of credit (including
standby and commercial), bankers’ acceptances, bank guaranties, surety bonds and similar instruments; 
 (c)
net obligations of such Person under any Swap Contract; 
 (d) all obligations (including, without limitation,
earnout obligations) of such Person to pay the deferred purchase price of property or services (other than trade accounts payable in the ordinary course of business and remain unpaid for more than one-hundred twenty (120) days after the date on
which such trade account was created); 
 (e) indebtedness (excluding prepaid interest thereon) secured by a Lien
on property owned or being purchased by such Person (including indebtedness arising under conditional sales or other title retention agreements), whether or not such indebtedness shall have been assumed by such Person or is limited in recourse;

 (f) all Attributable Indebtedness in respect of Capitalized Leases and Synthetic Lease Obligations of such
Person and all Synthetic Debt of such Person; 
 (g) all obligations of such Person to purchase, redeem, retire,
defease or otherwise make any payment in respect of any Equity Interest in such Person or any other Person or any warrant, right or option to acquire such Equity Interest, valued, in the case of a redeemable preferred interest, at the greater of its
voluntary or involuntary liquidation preference plus accrued and unpaid dividends; and 
 (h) all Guarantees of
such Person in respect of any of the foregoing. 
 For all purposes hereof, the Indebtedness of any Person shall include the
Indebtedness of any partnership in which such Person is a general partner, unless such Indebtedness is expressly made non-recourse to such Person. The amount of any net obligation under any Swap Contract on any date shall be deemed to be the Swap
Termination Value thereof as of such date. 
 “Indemnified Taxes” means (a) Taxes, other than Excluded
Taxes, imposed on or with respect to any payment made by or on account of any obligation of any Loan Party under any Loan Document and (b) to the extent not otherwise described in clause (a), Other Taxes. 

“Indemnitees” has the meaning specified in Section 11.04(b). 

  
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 “Indenture Documents” means, collectively, the 2013 Indenture, the Notes
and any document or agreement pertaining to any rights of any holders of the Notes. 
 “Information” has the
meaning specified in Section 11.07. 
 “Intellectual Property” has the meaning set forth in the Security
Agreement. 
 “Intercompany Debt” has the meaning specified in Section 7.02. 

“Interest Charges” means, for any period of measurement, the sum of (a) all interest, premium payments, debt
discount, fees, charges and related expenses in connection with borrowed money (including capitalized interest) or in connection with the deferred purchase price of assets, in each case to the extent treated as interest in accordance with GAAP,
(b) all interest paid or payable with respect to discontinued operations, and (c) the portion of rent expense under Capitalized Leases that is treated as interest in accordance with GAAP which is to be paid in cash, in each case, of or by
the Borrower for such period of measurement. 
 “Interest Coverage Ratio” means, for any period of measurement,
with respect to Borrower, the ratio of (a) for the trailing 12-month period then ending on the most recent fiscal quarter end available (measured on a Consolidated basis) the difference between (A) gross profit (as measured in accordance
with GAAP), less (B) twenty percent (20%) of general and administration (G&A, as measured in accordance with GAAP), to (b) for the trailing 12-month period then ending on the most recent fiscal quarter end available, the
Borrower’s cash Interest Charges (which interest charges shall not be determined on a Consolidated basis). 

“Interest Payment Date” means, (a) as to any Eurodollar Rate Loan, the last day of each Interest Period applicable
to such Loan and the Maturity Date of the Facility under which such Loan was made; provided, however, that if any Interest Period for a Eurodollar Rate Loan exceeds three (3) months, the respective dates that fall every three
(3) months after the beginning of such Interest Period shall also be Interest Payment Dates; and (b) as to any Base Rate Loan or Swingline Loan, the last Business Day of each March, June, September and December and the Maturity Date of the
Facility under which such Loan was made (with Swingline Loans being deemed made under the Facility for purposes of this definition). 
 “Interest Period” means, as to each Eurodollar Rate Loan, the period commencing on the date such Eurodollar Rate Loan is disbursed or converted to or continued as a Eurodollar Rate Loan
and ending on the date one (1), two (2), three (3) or six (6) months thereafter, as selected by the Borrower in its Loan Notice or such other period that is twelve (12) months or less requested by the Borrower and consented to by all
the Appropriate 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 of the Facility under which such Loan was made. 

  
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 “Inverted Lease Structure” means a tax equity investment structure in which
the Borrower contributes PV Systems and assigns the affiliated Host Customer Agreements to a wholly-owned Excluded Subsidiary, which Excluded Subsidiary then leases such PV Systems to a Tax Equity Investor or a subsidiary of such Tax Equity Investor
pursuant to a lease agreement. 
 “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 Equity Interests 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 interest in, another Person (including any partnership or joint venture equity interest in such other Person and any arrangement pursuant to which the investor guaranties Indebtedness of such other Person), or
(c) the purchase or other acquisition (in one transaction or a series of transactions) of assets of another Person which constitute all or substantially all of the assets of such Person or of a division, line of business or other business unit
of such Person. For purposes of covenant compliance, the amount of any Investment shall be the amount actually invested, without adjustment for subsequent increases or decreases in the value of such Investment. 

“Investment Policy” means the policy set forth in Schedule 1.01(i) pursuant to which Borrower and its
Subsidiaries may make investments. 
 “IRS” means the United States Internal Revenue Service. 

“ISP” means, with respect to any Letter of Credit, the “International Standby Practices 1998” published by the
Institute of International Banking Law & Practice, Inc. (or such later version thereof as may be in effect at the time of issuance). 
 “Issuer Documents” means with respect to any Letter of Credit, the Letter of Credit Application, and any other document, agreement and instrument entered into by the L/C Issuer and the
Borrower (or any Subsidiary) or in favor of the L/C Issuer and relating to such Letter of Credit. 
 “ITC”
means any investment tax credit under Title 26, Section 48 of the United States Code or any successor or other similar provision, including any similar provision concerning a refundable tax credit that replaces such investment tax credit
program. 
 “Joinder Agreement” means a joinder agreement substantially in the form of Exhibit D
executed and delivered in accordance with the provisions of Sections 6.13 and 6.14. 
 “[***]” means [***],
LLC, a Delaware limited liability company. 
 “[***] Agreement” means that certain [***] Agreement dated as of
[***] by and between Borrower and certain of its Affiliates and [***], as such agreement is in existence on the Closing Date. 

“Laws” means, collectively, all international, foreign, federal, state and local statutes, treaties, rules, guidelines,
regulations, ordinances, codes and administrative or judicial precedents or authorities, including the interpretation or administration thereof by any Governmental Authority charged with the enforcement, interpretation or administration thereof, and
all applicable administrative orders, directed duties, requests, licenses, authorizations and permits of, and agreements with, any Governmental Authority, in each case whether or not having the force of law. 

“L/C Advance” means, with respect to each Lender, such Lender’s funding of its participation in any L/C Borrowing
in accordance with its Applicable Revolving Percentage. 

  
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 “L/C Borrowing” means an extension of credit resulting from a drawing under
any Letter of Credit which has not been reimbursed on the date when made or refinanced as a Revolving Borrowing. 
 “L/C
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. 
 “L/C Issuer” means Bank of America in its capacity as issuer of Letters of Credit hereunder, or any successor issuer of Letters of Credit hereunder. 

“L/C 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 Unreimbursed Amounts, including all L/C Borrowings. 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 ISP, such Letter of Credit shall be deemed to be “outstanding” in the amount so remaining available to be drawn. 

“Lender” means each of the Persons identified as a “Lender” on the signature pages hereto, each other Person
that becomes a “Lender” in accordance with this Agreement and, their successors and assigns and, unless the context requires otherwise, includes the Swingline Lender. 

“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 letter of credit issued hereunder. A Letter of Credit may be a commercial letter of credit or a standby letter of credit. 

“Letter of Credit Application” means an application and agreement for the issuance or amendment of a Letter of Credit in
the form from time to time in use by the L/C Issuer. 
 “Letter of Credit Expiration Date” means the day that
is seven (7) days prior to the Maturity Date then in effect for the Facility (or, if such day is not a Business Day, the next preceding Business Day). 
 “Letter of Credit Fee” has the meaning specified in Section 2.03(h). 
 “Letter of Credit Sublimit” means an amount equal to the lesser of (a) $25,000,000 and (b) the Facility. The Letter of Credit Sublimit is part of, and not in addition to, the
Facility. 
 “Lien” means any mortgage, pledge, hypothecation, assignment, deposit arrangement, encumbrance,
lien (statutory or otherwise), charge, or preference, priority or other security interest or preferential arrangement in the nature of a security interest of any kind or nature whatsoever (including any conditional sale or other title retention
agreement, any easement, right of way or other encumbrance on title to real property and any financing lease having substantially the same economic effect as any of the foregoing). 

“Lien Reserve” measured as of any date, the payments made by [***] to Borrower and its Affiliates pursuant to [***]
Agreement; provided, that, such amount shall be reduced annually pro rata as Borrower and its Affiliates perform their obligations to [***] under the [***] Agreement; [***]. 

  
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 “Load-Serving Entity” means a Person who secures energy and transmission
service (and related interconnected operations services) to serve the electrical demand and energy requirements of its end use customers. 
 “Loan” means an extension of credit by a Lender to the Borrower under Article II in the form of a Revolving Loan or a Swingline Loan. 

“Loan Documents” means, collectively, (a) this Agreement, (b) the Revolving Notes, (c) the Guaranty,
(d) the Collateral Documents, (e) the Fee Letter, (f) each Issuer Document, (g) each Joinder Agreement, (h) the Payment Direction Letters, and (i) any agreement creating or perfecting rights in Cash Collateral pursuant
to the provisions of Section 2.14 (but specifically excluding any Secured Hedge Agreement or any Secured Cash Management Agreement). 
 “Loan Notice” means a notice of (a) a Borrowing, (b) a conversion of Loans from one Type to the other, or (c) a continuation of Eurodollar Rate Loans, pursuant to
Section 2.02(a), which, if in writing, shall be substantially in the form of Exhibit E. 
 “Loan
Parties” means, collectively, the Borrower and each Guarantor. 
 “London Banking Day” means any day
on which dealings in Dollar deposits are conducted by and between banks in the London interbank eurodollar market. 

“Master Agreement” has the meaning set forth in the definition of “Swap Contract.” 

“Material Adverse Effect” means (a) a material adverse change in, or a material adverse effect upon, the
operations, business, properties, liabilities (actual or contingent), financial condition of the Borrower and its Subsidiaries taken as a whole; (b) a material impairment of the rights and remedies of the Administrative Agent or any Lender
under any Loan Document, or of the ability of any Loan Party to perform its obligations under any Loan Document to which it is a party; or (c) a material adverse effect upon the legality, validity, binding effect or enforceability against any
Loan Party of any Loan Document to which it is a party. 
 “Material Contract” means, (i) with respect to
any Person, each contract or agreement (a) to which such Person is a party involving aggregate consideration payable to or by such Person of $10,000,000 or more or (b) otherwise material to the business, condition (financial or otherwise),
operations, performance, properties or prospects of such Person or (c) any other contract, agreement, permit or license, written or oral, of the Borrower and its Subsidiaries as to which the breach, nonperformance, cancellation or failure to
renew by any party thereto, individually or in the aggregate, could reasonably be expected to have a Material Adverse Effect, and (ii) with respect to Borrower and its Subsidiaries, each contract or agreement evidencing Tax Equity Commitments
or Backlever Financing to the extent any Available Take-Out exists with respect to such Tax Equity Commitment or Backlever Financing. 
 “Maturity Date” means December 31, 2016; provided, however, if such date is not a Business Day, the Maturity Date shall be the next proceeding Business Day. 

“Military Project Formula Amount” means the lesser of (i) 40% of the Eligible Military Project Back-Log, and
(ii) 70% of the Eligible Military Take-Out. 

  
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 “Minimum Collateral Amount” means, at any time, (a) with respect to
Cash Collateral consisting of cash or deposit account balances provided to reduce or eliminate Fronting Exposure during any period when a Lender constitutes a Defaulting Lender, an amount equal to 105% of the Fronting Exposure of the L/C Issuer with
respect to Letters of Credit issued and outstanding at such time, (b) with respect to Cash Collateral consisting of cash or deposit account balances provided in accordance with the provisions of Section 2.14(a)(i), (a)(ii), (a)(iii) or
(a)(iv), an amount equal to 105% of the Outstanding Amount of all L/C Obligations, and (c) otherwise, an amount determined by the Administrative Agent and the L/C Issuer in their sole discretion. 

“Moody’s” means Moody’s Investors Service, Inc. and any successor thereto. 

“Mortgage” or “Mortgages” means, individually and collectively, as the context requires, each of the
fee or leasehold mortgages, deeds of trust and deeds executed by a Loan Party that purport to grant a Lien to the Administrative Agent (or a trustee for the benefit of the Administrative Agent) for the benefit of the Secured Parties in any Mortgaged
Properties, in form and substance satisfactory to the Administrative Agent. 
 “Mortgaged Property” means any
owned property of a Loan Party listed on Schedule 5.21(g)(i) and any other owned real property of a Loan Party that is or will become encumbered by a Mortgage in favor of the Administrative Agent in accordance with the terms of this
Agreement. 
 “Mortgaged Property Support Documents” means with respect to any real property subject to a
Mortgage, the deliveries and documents described on Schedule 1.01(e) attached hereto. 
 “Multiemployer
Plan” means any employee benefit plan of the type described in Section 4001(a)(3) of ERISA, to which the Borrower or any ERISA Affiliate makes or is obligated to make contributions, or during the preceding five (5) plan years, has
made or been obligated to make contributions. 
 “Multiple Employer Plan” means a Plan which has two or more
contributing sponsors (including the Borrower or any ERISA Affiliate) at least two of whom are not under common control, as such a plan is described in Section 4064 of ERISA. 

“New Revolving Lenders” has the meaning specified in Section 2.16(c). 

“Non-Consenting Lender” means any Lender that does not approve any consent, waiver or amendment that (a) requires
the approval of all Lenders or all affected Lenders in accordance with the terms of Section 11.01 and (b) has been approved by the Required Lenders. 
 “Non-Defaulting Lender” means, at any time, each Lender that is not a Defaulting Lender at such time. 
 “Notes” means the 2.75% Convertible Senior Notes issued under the 2013 Indenture. 
 “NPL” means the National Priorities List under CERCLA. 

“Obligations” means (a) all advances to, and debts, liabilities, obligations, covenants and duties of, any Loan
Party arising under any Loan Document or otherwise with respect to any Loan, or Letter of Credit and (b) all costs and expenses incurred in connection with enforcement and collection of the foregoing, including the fees, charges and
disbursements of counsel, in each case whether direct or 

  
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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 Loan Party or any Affiliate thereof pursuant to 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; provided that Obligations of a Guarantor shall exclude any Excluded Swap Obligations with respect to such Guarantor. 
 “OFAC” means the Office of Foreign Assets Control of the United States Department of the Treasury. 
 “Organization Documents” means, (a) with respect to any corporation, the certificate or articles of incorporation and the bylaws (or equivalent or comparable constitutive documents
with respect to any non-U.S. jurisdiction); (b) with respect to any limited liability company, the certificate or articles of formation or organization and operating agreement or limited liability company agreement (or equivalent or comparable
documents with respect to any non-U.S. jurisdiction); (c) with respect to any partnership, trust or other form of business entity, the partnership or other applicable agreement of formation or organization (or equivalent or comparable documents
with respect to any non-U.S. jurisdiction) and (d) with respect to all entities, any agreement, instrument, filing or notice with respect thereto filed in connection with its formation or organization with the applicable Governmental Authority
in the jurisdiction of its formation or organization (or equivalent or comparable documents with respect to any non-U.S. jurisdiction). 
 “Other Connection Taxes” means, with respect to any Recipient, Taxes imposed as a result of a present or former connection between such Recipient and the jurisdiction imposing such Tax
(other than connections arising solely from such Recipient having executed, delivered, become a party to, performed its obligations under, received payments under, received or perfected a security interest under, engaged in any other transaction
pursuant to or enforced any Loan Document, or sold or assigned an interest in any Loan or Loan Document). 
 “Other
Taxes” means all present or future stamp, court or documentary, intangible, recording, filing or similar Taxes that arise from any payment made under, from the execution, delivery, performance, enforcement or registration of, from the
receipt or perfection of a security interest under, or otherwise with respect to, any Loan Document, except any such Taxes that are Other Connection Taxes imposed with respect to an assignment (other than an assignment made pursuant to
Section 3.06). 
 “Outstanding Amount” means (a) with respect to Revolving Loans and Swingline Loans
on any date, the aggregate outstanding principal amount thereof after giving effect to any borrowings and prepayments or repayments of Revolving Loans and Swingline Loans, as the case may be, occurring on such date; and (b) with respect to any
L/C Obligations on any date, the amount of such L/C Obligations on such date after giving effect to any L/C Credit Extension occurring on such date and any other changes in the aggregate amount of the L/C Obligations as of such date, including as a
result of any reimbursements by the Borrower of Unreimbursed Amounts. 
 “Participant” has the meaning
specified in Section 11.06(d). 
 “Partnership Flip Structure” means a tax equity investment structure in
which the Tax Equity Partnership or a subsidiary of such Tax Equity Investor purchases PV Systems and takes assignment of Host Customer Agreements from Borrower pursuant to a purchase agreement. In a Partnership Flip Structure, the membership
interests in the Tax Equity Partnership to its members changes (or “flips”) upon fulfillment of specified conditions in the Organization Documents of such Tax Equity Partnership, but in any event, no earlier than five years from the date
of the purchase of the PV Systems and assignment of the Host Customer Agreements. 

  
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 “Participant Register” has the meaning specified in Section 11.06(d).

 “Payment Direction Letter” means one or more payment direction letters from each Excluded Subsidiary that is
wholly-owned, directly or indirectly, by Borrower, which confirms that certain proceeds of Available Take-Out from Tax Equity Investors, certain cash flows from Host Customer Agreements and certain proceeds from Backlever Financing (all as more
specifically described therein) received by such Excluded Subsidiary will be distributed directly to Borrower. 

“PBGC” means the Pension Benefit Guaranty Corporation. 

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

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

“Pension Plan” means any employee pension benefit plan (including a Multiple Employer Plan or a Multiemployer Plan) that
is maintained or is contributed to by the Borrower and any ERISA Affiliate and is either covered by Title IV of ERISA or is subject to the minimum funding standards under Section 412 of the Code. 

“Permitted Acquisition” means (i) the Poppy Acquisition, (ii) Zoom Acquisition (iii) an Acquisition with
a Cost of Acquisition of less than $500,000 by a Loan Party of a Target that meets the condition set forth in clauses (a), (g) and (h) below, (iv) an Acquisition with a Cost of Acquisition of less than $5,000,000 but greater than or
equal to $500,000, by a Loan Party of a Target that meets the conditions set forth in clauses (a), (c), (d)(i), (d)(v), (e), (f), (g) and (h) below, or (v) an Acquisition with a Cost of Acquisition in excess of $5,000,000 by a Loan
Party of a Target that meets all of the following conditions: 
 (a) no Event of Default shall then exist or
would exist after giving effect thereto; 
 (b) the Loan Parties shall demonstrate to the reasonable satisfaction
of the Administrative Agent that, after giving effect to the Acquisition on a Pro Forma Basis, the Loan Parties are in compliance with each of the financial covenants set forth in Section 7.11; 

(c) the Administrative Agent, on behalf of the Secured Parties, shall have received (or shall receive in connection with
the closing of such Acquisition) a first priority perfected security interest in all property (including, without limitation, Equity Interests) acquired with respect to the Target in accordance with the terms of Section 6.14 and the Target, if
a Person, shall have executed a Joinder Agreement in accordance with the terms of Section 6.13, unless, in either case, such Target becomes an Excluded Subsidiary immediate after such Acquisition; 

(d) the Administrative Agent and the Lenders shall have received (i) a description of the material terms of such
Acquisition, (ii) audited financial statements (or, if unavailable, management-prepared financial statements) of the Target for its two most recent fiscal years, (iii)

  
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unaudited financial statements of the Target for any fiscal quarters ended within the fiscal year to date, (iv) Consolidated projected income statements of the Borrower and its Subsidiaries
(giving effect to such Acquisition), and (v) not less than five (5) Business Days prior to the consummation of any Permitted Acquisition, a certificate substantially in the form of Exhibit F, executed by a Responsible Officer of the
Borrower certifying that such Permitted Acquisition complies with the requirements of this Agreement; 
 (e) the
Target (if an Acquisition of Equity Interests) or the assets acquired (if an Acquisition of assets which does not expressly exclude all liabilities associated with such assets), shall have earnings before interest, taxes, depreciation and
amortization for the four (4) fiscal quarter period prior to the acquisition date in an amount greater than $0; 
 (f) such Acquisition shall not be a “hostile” Acquisition and shall have been duly authorized by the board of directors (or equivalent) and/or shareholders (or equivalent) of the applicable Loan
Party and the Target, in each case where such authorization is required; 
 (g) the Cost of Acquisition paid by
the Loan Parties and their Subsidiaries for all Acquisitions made after the Closing Date and during the term of this Agreement, (i) with respect to an Acquisition for which the Cost of Acquisition does not include any Equity Consideration,
shall not exceed $15,000,000 for each such Acquisition; (ii) with respect to an Acquisition for which the Cost of Acquisition is paid solely in the Equity Interests of the Borrower or any Subsidiary, the Equity Consideration shall not exceed 5%
for each such Acquisition; (iii) with respect to an Acquisition in which the Cost of Acquisition includes Equity Consideration and other Cost of Acquisition, the Equity Consideration shall not exceed 5% for each such Acquisition and the other
Cost of Acquisition (excluding Equity Consideration) shall not exceed $15,000,000 for each such Acquisition; and (iv) with respect to all such Acquisitions, the aggregate Equity Consideration shall not exceed 15% and the aggregate other Cost of
Acquisition (excluding Equity Consideration) shall not exceed $45,000,000. 
 (h) any earnouts or similar
deferred or contingent obligations of any Borrower in connection with such Acquisition shall be subordinated to the Obligations in a manner and to the extent reasonably satisfactory to the Administrative Agent. 

“Permitted Convertible Indebtedness” means the Indebtedness of Borrower evidenced by the Notes issued under the 2013
Indenture so long as (i) the scheduled maturity date of such Indebtedness is not earlier than November 1, 2018, (ii) the aggregate outstanding Indebtedness of the Notes does not exceed $345,000,000, (iii) such indebtedness is not
subject to any scheduled principal amortization, scheduled redemption, sinking fund or similar payment except as set forth in Section 7.06(e); and (iv) the Indenture Documents do not include any financial covenant. 

“Permitted Dispositions” means (a) Dispositions of inventory, equipment and Host Customer Agreements in the
ordinary course of business, including Tranching of inventory, equipment and Host Customer Agreements (including any warranties arising in connection therewith) and, cash sales of inventory to Borrower’s customers and sale of Projects pursuant
to a customer’s purchase right under its applicable Host Customer Agreement; (b) Dispositions of property to the Borrower or any Subsidiary; provided, that if the transferor of such property is a Loan Party then the transferee
thereof must be a Loan Party; (c) Dispositions of accounts receivable in connection with the collection or compromise thereof; (d) licenses, sublicenses, leases or subleases granted to others not interfering in any material respect with
the business of the Borrower and its Subsidiaries; (e) the sale or disposition of Cash Equivalents for fair market value; (f) Dispositions of Equity Interests in accordance with the terms herein; and (g) Disposition of SRECs for the
purpose of returning proceeds of such SRECs or SRECs to the Excluded Subsidiary in accordance with the applicable Tax Equity Document. 

  
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 “Person” means any natural person, corporation, limited liability company,
trust, association, company, partnership, Governmental Authority or other entity. 
 “Plan” means any employee
benefit plan within the meaning of Section 3(3) of ERISA (including a Pension Plan), maintained for employees of the Borrower or any ERISA Affiliate or any such Plan to which the Borrower or any ERISA Affiliate is required to contribute on
behalf of any of its employees. 
 “Platform” has the meaning specified in Section 6.02. 

“Pledged Equity” has the meaning specified in the Security Agreement. 

“Poppy Acquisition” means (i) the transactions contemplated by that certain Asset Purchase Agreement, dated as of
August 13, 2013 (including all exhibits and schedules thereto), by and among SolarCity Corporation, Poppy Acquisition LLC, Paramount GR Holdings, LLC, a Delaware limited liability company, Paramount Energy Solutions, LLC, a California limited
liability company, Paramount GR Holdings, LLC, as representative and (ii) the acquisition of the membership interests of PEF I MM, LLC, a Delaware limited liability company from Paramount GR Holdings, LLC by Poppy Acquisition LLC. 

“Power Purchase Agreements” means a power purchase agreement entered into by Borrower and a customer, pursuant to which
such customer agrees to purchase electricity from Borrower generated by a PV System installed on the customer’s property. 

“Pro Forma Basis” and “Pro Forma Effect” means, for any Disposition of all or substantially all of a
line of business or for any Acquisition, whether actual or proposed, for purposes of determining compliance with the financial covenants set forth in Section 7.11, each such transaction or proposed transaction shall be deemed to have occurred
on and as of the first day of the relevant measurement period, and the following pro forma adjustments shall be made: 
 (a) in the case of an actual or proposed Disposition, all income statement items (whether positive or negative) attributable to the line of business or the Person subject to such Disposition shall be
excluded from the results of the Borrower and its Subsidiaries for such measurement period; 
 (b) in the case of
an actual or proposed Acquisition, income statement items (whether positive or negative) attributable to the property, line of business or the Person subject to such Acquisition shall be included in the results of the Borrower and its Subsidiaries
for such measurement period; 
 (c) interest accrued during the relevant measurement period on, and the principal
of, any Indebtedness repaid or to be repaid or refinanced in such transaction shall be excluded from the results of the Borrower and its Subsidiaries for such measurement period; and 

(d) any Indebtedness actually or proposed to be incurred or assumed in such transaction shall be deemed to have been
incurred as of the first day of the applicable measurement period, and interest thereon shall be deemed to have accrued from such day on such Indebtedness at the applicable rates provided therefor (and in the case of interest that does or would
accrue at a formula or floating rate, at the rate in effect at the time of determination) and shall be included in the results of the Borrower and its Subsidiaries for such measurement period. 

  
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 “Pro Forma Compliance” means, with respect to any transaction, that such
transaction does not cause, create or result in a Default after giving Pro Forma Effect, based upon the results of operations for the most recent four (4) fiscal quarter period for which financial statements have been delivered to the
Administrative Agent pursuant to Section 6.01 to (a) such transaction and (b) all other transactions which are contemplated or required to be given Pro Forma Effect hereunder that have occurred on or after the first day of the
relevant measurement period. 
 “Project” means a PV System together with all associated real property rights,
rights under the applicable Host Customer Agreement, and all other related rights to the extent applicable thereto, including without limitation, all parts and manufacturers’ warranties and rights to access customer data. 

“Project Back-Log” means, as of a given date of determination, the aggregate of the PV System Values set forth in the
Backlog Spreadsheet for each PV System the Borrower has contracted to install but has not yet Tranched. 
 “Public
Lender” has the meaning specified in Section 6.02. 
 “Public Offering” means a public offering
of the Equity Interests of the Borrower pursuant to an effective registration statement under the Securities Act. 
 “PV
Systems” means a photovoltaic system, including photovoltaic panels, racks, wiring and other electrical devices, conduit, weatherproof housings, hardware, one or more inverters, remote monitoring equipment, connectors, meters, disconnects
and over current devices. 
 “PV System Value” means (i) for PV Systems which are to be installed on
residential property or on property located on military bases, the appraised value of a PV System (based on the national appraisal or the state appraisals, as applicable, in each case as set forth in the most recent Appraisal), or (ii) for PV
Systems which are to be installed on commercial property, the average appraised value of PV Systems installed on commercial property Tranched in the three months immediately prior to the date of measurement. 

“Qualified ECP Guarantor” means, at any time, each Loan Party with total assets exceeding $10,000,000 or that qualifies
at such time as an “eligible contract participant” under the Commodity Exchange Act and can cause another Person to qualify as an “eligible contract participant” at such time under Section 1a(18)(A)(v)(II) of the Commodity
Exchange Act. 
 “Qualifying Control Agreement” means an agreement, among a Loan Party, a depository
institution or securities intermediary and the Administrative Agent, which agreement is in form and substance acceptable to the Administrative Agent and which provides the Administrative Agent with “control” (as such term is used in
Article 9 of the UCC) over the deposit account(s) or securities account(s) described therein. 
 “Recipient”
means the Administrative Agent, any Lender, the L/C Issuer or any other recipient of any payment to be made by or on account of any obligation of any Loan Party hereunder. 
 “Register” has the meaning specified in Section 11.06(c). 

  
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 “Related Parties” means, with respect to any Person, such Person’s
Affiliates and the partners, directors, officers, employees, agents, trustees, administrators, managers, advisors and representatives of such Person and of such Person’s Affiliates. 

“Reportable Event” means any of the events set forth in Section 4043(c) of ERISA, other than events for which the
thirty (30) day notice period has been waived. 
 “Request for Credit Extension” means (a) with
respect to a Borrowing, conversion or continuation of Revolving Loans, a Loan Notice, (b) with respect to an L/C Credit Extension, a Letter of Credit Application, and (c) with respect to a Swingline Loan, a Swingline Loan Notice.

 “Required Lenders” means, at any time, at least two (2) Lenders having Total Credit Exposures
representing more than 50% of the Total Credit Exposures of all Lenders. The Total Credit Exposure of any Defaulting Lender shall be disregarded in determining Required Lenders at any time; provided that, the amount of any participation in any
Swingline Loan and Unreimbursed Amounts that such Defaulting Lender has failed to fund that have not been reallocated to and funded by another Lender shall be deemed to be held by the Lender that is the Swingline Lender or L/C Issuer, as the case
may be, in making such determination. 
 “Residential Project Formula Amount” means the lesser of (i) 40%
of the Eligible Residential Project Back-Log, and (ii) 70% of the Eligible Residential Take-Out. 
 “Resignation
Effective Date” has the meaning set forth in Section 9.06(a). 
 “Responsible Officer” means the
chief executive officer, chief financial officer, chief operations officer, chief revenue officer or controller of a Loan Party and solely for purposes of the delivery of incumbency certificates pursuant to Section 4.01, the general counsel,
the secretary or any assistant secretary of a Loan Party. Any document delivered hereunder that is signed by a Responsible Officer of a Loan Party shall be conclusively presumed to have been authorized by all necessary corporate, partnership and/or
other action on the part of such Loan Party and such Responsible Officer shall be conclusively presumed to have acted on behalf of such Loan Party. To the extent requested by the Administrative Agent, each Responsible Officer will provide an
incumbency certificate, in form and substance satisfactory to the Administrative Agent. 
 “Restricted Payment”
means (a) any dividend or other distribution, direct or indirect, on account of any shares (or equivalent) of any class of Equity Interests of the Borrower or any of its Subsidiaries, now or hereafter outstanding, except such dividends or
distributions made by an Excluded Subsidiary in the ordinary course of business pursuant to and as permitted by the terms of the Tax Equity Commitments, Backlever Financing or System Refinancing, (b) any redemption, retirement, sinking fund or
similar payment, purchase or other acquisition for value, direct or indirect, of any shares (or equivalent) of any class of Equity Interests of the Borrower or any other Loan Party, now or hereafter outstanding, (c) any payment made to retire,
or to obtain the surrender of, any outstanding warrants, options or other rights to acquire shares of any class of Equity Interests of any Loan Party or any of its Subsidiaries, now or hereafter outstanding, (d) any payment with respect to any
earnout obligation, and (e) equity grants made in the ordinary course of business in connection with Borrower’s stock option plan. 
 “Revolving Borrowing” means a borrowing consisting of simultaneous Revolving Loans of the same Type and, in the case of Eurodollar Rate Loans, having the same Interest Period made by each
of the Lenders pursuant to Section 2.01(b). 

  
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 “Revolving Exposure” means, as to any Lender at any time, the aggregate
principal amount at such time of its outstanding Revolving Loans and such Lender’s participation in L/C Obligations and Swingline Loans at such time. 
 “Revolving Increase Effective Date” has the meaning specified in Section 2.16(d). 
 “Revolving Loan” has the meaning specified in Section 2.01(b). 
 “Revolving Note” means a promissory note made by the Borrower in favor of a Lender evidencing Revolving Loans or Swingline Loans, as the case may be, made by such Lender, substantially in
the form of Exhibit G. 
 “S&P” means Standard & Poor’s Financial Services LLC, a
subsidiary of The McGraw-Hill Companies, Inc., and any successor thereto. 
 “Sale and Leaseback Transaction”
means, with respect to any Loan Party or any Subsidiary, any arrangement, directly or indirectly, with any Person whereby such Loan Party or such Subsidiary shall sell or transfer any property used or useful in its business, whether now owned or
hereafter acquired, and thereafter rent or lease such property or other property that it intends to use for substantially the same purpose or purposes as the property being sold or transferred. For the avoidance of doubt, a Sale and Leaseback
Transaction does not include “operating leases” (as such term is defined in FASB ASC 13). 
 “Sale-Leaseback
Structure” means a tax equity investment structure in which the Borrower contributes PV Systems to an Excluded Subsidiary, which entity then sells such PV Systems to a Tax Equity Investor or a subsidiary of such Tax Equity Investor pursuant
to a purchase agreement and subsequently leases back the same PV Systems. 
 “Sanction(s)” means any
international economic sanction administered or enforced by the United States Government (including, without limitation, OFAC), the United Nations Security Council, the European Union, Her Majesty’s Treasury or other relevant sanctions
authority. 
 “SEC” means the Securities and Exchange Commission, or any Governmental Authority succeeding to
any of its principal functions. 
 “Secured Cash Management Agreement” means any Cash Management Agreement
between the any Loan Party and any Cash Management Bank. 
 “Secured Hedge Agreement” means any interest rate,
currency, foreign exchange, or commodity Swap Contract permitted under Article VI or VII between any Loan Party and any Hedge Bank. 
 “Secured Obligations” means all Obligations and all Additional Secured Obligations. 
 “Secured Parties” means, collectively, the Administrative Agent, the Lenders, the L/C Issuer, the Hedge Banks, the Cash Management Banks, the Indemnitees, each co-agent or sub-agent
appointed by the Administrative Agent from time to time pursuant to Section 9.05. 
 “Secured Party Designation
Notice” means a notice from any Lender or an Affiliate of a Lender substantially in the form of Exhibit H. 

  
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 “Securities Act” means the Securities Act of 1933, including all amendments
thereto and regulations promulgated thereunder. 
 “Security Agreement” means the security and pledge
agreement, dated as of September 10, 2012, executed in favor of the Administrative Agent by each of the Loan Parties. 

“Share Lending Agreement” means the Share Lending Agreement to be entered into among the Borrower, one or more
underwriters and an agent, providing for the lending by Borrower of shares of its common stock, par value $.001 per share, in connection with the issuance of the Permitted Convertible Indebtedness. 

“SolarWorks” means SolarWorks®, Borrower’s proprietary project management software. 
 “Solvency Certificate” means a solvency certificate in substantially in the form of Exhibit I. 
 “Solvent” and “Solvency” mean, with respect to any Person on any date of determination, that on such date (a) the fair value of the property of such Person is
greater than the total amount of liabilities, including contingent liabilities, of such Person, (b) the present fair saleable value of the assets of such Person is not less than the amount that will be required to pay the probable liability of
such Person on its debts as they become absolute and matured, (c) such Person does not intend to, and does not believe that it will, incur debts or liabilities beyond such Person’s ability to pay such debts and liabilities as they mature,
(d) such Person is not engaged in business or a transaction, and is not about to engage in business or a transaction, for which such Person’s property would constitute an unreasonably small capital, and (e) such Person is able to pay
its debts and liabilities, contingent obligations and other commitments as they mature in the ordinary course of business. The amount of contingent liabilities at any time shall be computed as the amount that, in the light of all the facts and
circumstances existing at such time, represents the amount that can reasonably be expected to become an actual or matured liability. 
 “Specified Loan Party” means any Loan Party that is not an “eligible contract participant” under the Commodity Exchange Act (determined prior to giving effect to
Section 10.11 hereof). 
 “SREC” means, Solar Renewable Energy Certificates or any other similar credit or
certificate issued by a governmental entity. 
 “Subsidiary” of a Person means a corporation, partnership,
limited liability company or other business entity of which a majority of the shares of Voting Stock is at the time beneficially owned, or the management of which is otherwise controlled, directly, or indirectly through one or more intermediaries,
or both, by such Person. Unless otherwise specified, all references herein to a “Subsidiary” or to “Subsidiaries” shall refer to a Subsidiary or Subsidiaries of the Loan Parties. 

“Swap Contract” means (a) any and all rate swap transactions, basis swaps, credit derivative transactions, forward
rate transactions, commodity swaps, commodity options, forward commodity contracts, equity or equity index swaps or options, bond or bond price or bond index swaps or options or forward bond or forward bond price or forward bond index transactions,
interest rate options, forward foreign exchange transactions, cap transactions, floor transactions, collar transactions, currency swap transactions, cross-currency rate swap transactions, currency options, spot contracts, or any other similar
transactions or any combination of any of the foregoing (including any options to enter into any of the foregoing), whether or not any such transaction is governed by or subject to any master agreement, and (b) any and all transactions of any
kind, and the related confirmations, which are subject to the terms and conditions of, or governed by, any form of master agreement published by the International Swaps and 

  
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Derivatives Association, Inc., any International Foreign Exchange Master Agreement, or any other master agreement (any such master agreement, together with any related schedules, a
“Master Agreement”), including any such obligations or liabilities under any Master Agreement. 
 “Swap
Obligations” means with respect to any Guarantor, any obligation to pay or perform under any agreement, contract or transaction that constitutes a “swap” within the meaning of Section 1a(47) of the Commodity Exchange Act.

 “Swap Termination Value” means, in respect of any one or more Swap Contracts, after taking into account the
effect of any legally enforceable netting agreement relating to such Swap Contracts, (a) for any date on or after the date such Swap 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 Swap Contracts, as determined based upon one or more mid-market or other readily available quotations
provided by any recognized dealer in such Swap Contracts (which may include a Lender or any Affiliate of a Lender). 

“Swingline Borrowing” means a borrowing of a Swingline Loan pursuant to Section 2.04. 

“Swingline Lender” means Bank of America in its capacity as provider of Swingline Loans, or any successor swingline
lender hereunder. 
 “Swingline Loan” has the meaning specified in Section 2.04(a). 

“Swingline Loan Notice” means a notice of a Swingline Borrowing pursuant to Section 2.04(b), which, if in writing,
shall be substantially in the form of Exhibit J. 
 “Swingline Sublimit” means an amount equal to the
lesser of (a) $20,000,000 and (b) the Facility. The Swingline Sublimit is part of, and not in addition to, the Facility. 
 “Synthetic Debt” means, with respect to any Person as of any date of determination thereof, all obligations of such Person in respect of transactions entered into by such Person that are
intended to function primarily as a borrowing of funds but are not otherwise included in the definition of “Indebtedness” or as a liability on the Consolidated balance sheet of such Person and its Subsidiaries in accordance with GAAP.

 “Synthetic Lease Obligation” means the monetary obligation of a Person under (a) a so-called synthetic,
off-balance sheet or tax retention lease, or (b) an agreement for the use or possession of property (including Sale and Leaseback Transactions), in each case, creating obligations that do not appear on the balance sheet of such Person but
which, upon the application of any Debtor Relief Laws to such Person, would be characterized as the indebtedness of such Person (without regard to accounting treatment). 
 “System Refinancing” means Indebtedness for borrowed money incurred by an Excluded Subsidiary in connection with (i) the purchase of a Tax Equity Investor’s interest in a
Partnership Flip Structure, Sale-Leaseback Structure or Inverted Lease Structure or (ii) the refinancing of any Backlever Financing or financing described in clause (i), in each case, so long as (w) no Loan Party has an obligation to pay
debt service under such Indebtedness, (x) the Tax Equity Commitment or Backlever Financing of such Excluded Subsidiary and its partially or wholly owned subsidiaries are no longer included in the calculation of Available Take-Out and the
exclusion of such Tax Equity Commitments or 

  
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Backlever Financings from the calculation of Available Take-Out does not result in a Borrowing Base Deficiency, and (y) each of the Subsidiaries of Borrower acquired or formed in connection
with such System Refinance have executed a joinder to the Payment Direction Letter. 
 “Take-Out Spreadsheet”
means a spreadsheet for residential, commercial and military projects, substantially in the form attached hereto as Exhibit S, providing for the amount of Available Take-Out. 

“Target” means a Person or division, line of business or other business unit or asset of such Person who is to be
acquired or purchased by a Loan Party. 
 “Tax Credit” means (i) Cash Grants, (ii) ITC, and
(iii) other tax credits established by the IRS or a state of the United States for the purchase, lease or other acquisition of PV Systems. 
 “Tax Equity Commitment” means, with respect to a given Tax Equity Investor, such Tax Equity Investor’s (i) in the case of an Inverted Lease Structure, commitment to prepay rent,
(ii) in the case of a Sale Leaseback Structure, commitment to pay the purchase price (excluding any long-term payment of a deferred purchase price or any other payment that does not constitute a payment received for Tranching), (iii) in
the case of a Partnership Flip Structure, commitment to contribute to the partnership for the payment of the purchase price, and (iv) in the case of any other tax structure, commitment to fund Tranching. 

“Tax Equity Document” means any agreements entered into by Borrower, its Subsidiaries and Tax Equity Investors relating
to, arising under or in connection with a Tax Equity Commitment. 
 “Tax Equity Investor” means an investor
that has entered into agreements with Borrower or its Subsidiaries to provide a commitment to purchase, lease or otherwise finance PV System projects installed or to be installed pursuant to a Host Customer Agreement, which projects are eligible for
a Tax Credit. 
 “Tax Equity Partnership” means a special purpose entity whose membership interests are held by
the Borrower, as the managing member, and a Tax Equity Investor or a subsidiary of such Tax Equity Investor, as the investor member, and whose members are obligated to advance capital contributions to purchase PV Systems from Borrower in accordance
with the Partnership Flip Structure. 
 “Taxes” means all present or future taxes, levies, imposts, duties,
deductions, withholdings (including backup withholding), assessments, fees or other charges imposed by any Governmental Authority, including any interest, additions to tax or penalties applicable thereto. 

“Threshold Amount” means $2,000,000. 
 “Total Credit Exposure” means, as to any Lender at any time, the unused Commitments and Revolving Exposure of such Lender at such time. 

“Total Outstandings” means the aggregate Outstanding Amount of all Revolving Loans, Swingline Loans and L/C Obligations.

 “Tranching” means the sale, lease, assignment, contribution or other transfer of Projects by Borrower to an
Excluded Subsidiary pursuant to an Inverted Lease Structure, Sale-Leaseback Structure or Partnership Flip Structure transaction. 

  
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 “True-Up Liability” means Borrower’s liability to any Tax Equity
Investor (as measured in Dollars) due to a reduction of fair market value of Projects already Tranched with such Tax Equity Investor, as set forth in the Borrower’s financial statements and as may be reduced from time to time by the Tranching
of such Projects pursuant to the applicable Tax Equity Documents. 
 “Type” means, with respect to a Loan, its
character as a Base Rate Loan or a Eurodollar Rate Loan. 
 “UCC” means the Uniform Commercial Code as in
effect in the State of New York; provided that, if perfection or the effect of perfection or non-perfection or the priority of any security interest in any Collateral is governed by the Uniform Commercial Code as in effect in a jurisdiction
other than the State of New York, “UCC” means the Uniform Commercial Code as in effect from time to time in such other jurisdiction for purposes of the provisions hereof relating to such perfection, effect of perfection or
non-perfection or priority. 
 “UCP” means, with respect to any Letter of Credit, the Uniform Customs and
Practice for Documentary Credits, International Chamber of Commerce (“ICC”) Publication No. 600 (or such later version thereof as may be in effect at the time of issuance). 

“Unencumbered Liquidity” means the sum of Borrower’s cash and Cash Equivalents (determined as of the last day of
each month based on the average daily balance thereof during such month) held in deposit accounts and securities accounts in which Administrative Agent has obtained a perfected Lien subject to no other Liens. 

“Unencumbered Liquidity Certificate” means a certificate substantially in the form of Exhibit T. 

“United States” and “U.S.” mean the United States of America. 

“Unreimbursed Amount” has the meaning specified in Section 2.03(c)(i). 

“U.S. Loan Party” means any Loan Party that is organized under the laws of one of the states of the United States and
that is not a CFC. 
 “U.S. Person” means any Person that is a “United States Person” as defined in
Section 7701(a)(30) of the Code. 
 “U.S. Tax Compliance Certificate” has the meaning specified in
Section 3.01(e)(ii)(B)(3). 
 “Voting Stock” means, with respect to any Person, Equity Interests issued by
such Person the holders of which are ordinarily, in the absence of contingencies, entitled to vote for the election of directors (or persons performing similar functions) of such Person, even though the right to so vote has been suspended by the
happening of such contingency. 
 “Zep Solar” means Zep Solar, Inc., a California corporation. 

“Zoom” means Zoom Acquisition LLC, a California limited liability company. 

“Zep Acquisition” the acquisition of Zep Solar by Borrower on the Zep Acquisition Date through a merger of Zoom
Acquisition Corporation into and with Zep Solar and the subsequent merger of Zep Solar with and into Zoom in accordance with the Zoom Merger Agreement. 

  
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 “Zep Acquisition Certificate” means an officer’s certificate executed
by a Responsible Officer of Borrower and Zoom certifying to, or attaching, as applicable, the following representations, warranties, and covenants: 
 (i) certifying that the Zep Acquisition is an acquisition of a line of business permitted to be engaged in by the Borrower and its Subsidiaries pursuant to the terms of this Agreement; 

(ii) certifying that no Event of Default exists or would exist after the Zep Acquisition Date occurs and after giving effect to the Zep
Acquisition; 
 (iii) attaching a true, correct and complete copy of the Zoom Merger Agreement as in effect on Zep Acquisition
Date and certifying that such agreement remains in full force and effect, that no modifications have been made to such agreement, and that no Loan Party that is a party thereto is in default in the performance of, or compliance with, any provisions
thereof; 
 (iv) certifying that the Zep Acquisition has been duly authorized by the board of directors (or equivalent) and/or
shareholders (or equivalent) of the applicable Loan Party, in each case where such authorization is required; 
 (v) certifying
that any earnouts or similar deferred or contingent obligations of Borrower or any Subsidiary in connection with the Zep Acquisition, if any, shall be subordinated to the Obligations in a manner and to the extent reasonably satisfactory to the
Administrative Agent; 
 (vi) certifying that the Zep Acquisition will be consummated on terms and conditions materially
consistent (as determined by Administrative Agent, in its reasonable discretion) with the Zoom Merger Agreement; and 
 (vii)
certifying that no Indebtedness (other than Indebtedness permitted under Section 7.02) will exist or be incurred as a result of the Zep Acquisition, and no Liens that are not permitted under Section 7.01 will exist or be incurred as a
result of the Acquisition; provided, however, Indebtedness provided for in Section 6.20 of the Zoom Merger Agreement may exist after the Zep Acquisition Date so long as the Cost of Acquisition is reduced by the amount of such outstanding
Indebtedness and Administrative Agent receives evidence that such amount is paid off and the liens thereunder, if any, have been discharged, in each case within 5 Business Days after the Zep Acquisition Date. 

“Zep Acquisition Date” means the date that all of the property, rights, privileges, powers and franchises of Zep Solar
shall vest in Zoom as the final surviving entity and all debts, liabilities and duties of Zep Solar shall become the debts, liabilities and duties of Zoom, as the final surviving entity, in each case in accordance with Section 2.4(b) of the
Zoom Merger Agreement. 
 “Zoom Acquisition Corporation” means Zoom Acquisition Corporation, a California
corporation. 
 “Zoom Merger Agreement” means that certain Agreement and Plan of Merger, dated as of
October 8, 2013 (including all exhibits and schedules thereto), by and among Borrower, Zoom Acquisition Corporation, Zoom, Zep Solar, Shareholder Representative Services LLC, a Colorado limited liability company and U.S. Bank National
Association, as escrow agent. 

  
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 Section 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
document (including the Loan Documents and any Organization Document) shall be construed as referring to such agreement, instrument or other document as from time to time amended, modified, extended, restated, replaced or supplemented from time to
time (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 “hereto,” “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, Preliminary Statements, Exhibits and Schedules shall be construed to refer to Articles and Sections of, and Preliminary Statements, Exhibits and
Schedules to, the Loan Document in which such references appear, (v) any reference to any law shall include all statutory and regulatory rules, regulations, orders and 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, extended, restated, replaced or supplemented from time to time, and (vi) 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. 

Section 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 Audited
Financial Statements, except as otherwise specifically prescribed herein. Notwithstanding the foregoing, for purposes of determining compliance with any covenant (including the computation of any financial covenant) contained herein, Indebtedness of
the Borrower and its Subsidiaries shall be deemed to be carried at 100% of the outstanding principal amount thereof, and the effects of FASB ASC 825 on financial liabilities shall be disregarded. 

(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 Required 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
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of such change in GAAP (subject to the approval of the Required 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. Without limiting the foregoing, leases shall continue to be classified and accounted for on a basis consistent with that
reflected in the Audited Financial Statements for all purposes of this Agreement, notwithstanding any change in GAAP relating thereto, unless the parties hereto shall enter into a mutually acceptable amendment addressing such changes, as provided
for above. 
 (c) Pro Forma Treatment. Each Disposition of all or substantially all of a line of business, and each
Acquisition, by the Borrower and its Subsidiaries that is consummated during any measurement period shall, for purposes of determining compliance with the financial covenants set forth in Section 7.11, be given Pro Forma Effect as of the first
day of such measurement period. 
 Section 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).

 Section 1.05 Times of Day. 
 Unless otherwise specified, all references herein to times of day shall be references to Pacific time (daylight or standard, as applicable). 
 Section 1.06 Letter of Credit Amounts. 
 Unless otherwise
specified herein, 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. 
 Section 1.07 UCC Terms.

 Terms defined in the UCC in effect on the Closing Date and not otherwise defined herein shall, unless the context
otherwise indicates, have the meanings provided by those definitions. Subject to the foregoing, the term “UCC” refers, as of any date of determination, to the UCC then in effect. 

  
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 ARTICLE II 
 COMMITMENTS AND CREDIT EXTENSIONS 
 Section 2.01 Loans. 

(a) Revolving Borrowings. Subject to the terms and conditions set forth herein, each Lender severally agrees to make loans (each
such loan, a “Revolving Loan”) to the Borrower, in Dollars, from time to time, on any Business Day during the Availability Period, in an aggregate amount not to exceed at any time outstanding the amount of such Lender’s
Commitment; provided, however, that after giving effect to any Revolving Borrowing, (i) the Total Outstandings shall not exceed the lesser of the Facility and the Borrowing Base, and (ii) the Revolving Exposure of any Lender
shall not exceed such Lender’s Commitment. Within the limits of each Lender’s Commitment, and subject to the other terms and conditions hereof, the Borrower may borrow Revolving Loans, prepay under Section 2.05, and reborrow under
this Section 2.01(a). Revolving Loans may be Base Rate Loans or Eurodollar Rate Loans, as further provided herein; provided, however, any Revolving Borrowings made on the Closing Date or any of the three (3) Business Days
following the Closing Date shall be made as Base Rate Loans unless the Borrower delivers a Funding Indemnity Letter not less than three (3) Business Days prior to the date of such Revolving Borrowing. 

(b) Borrowing Base. 
 (i) Eligible Project Back-Log. If at any time during the Availability Period Administrative Agent conducts a field examination in accordance with Section 6.10 and determines based on the
results of such field examination, after consulting with Borrower, that in its commercially reasonable judgment, the eligibility criteria for Eligible Project Back-Log are to be revised, the components of Eligible Project Back-Log shall be deemed
revised accordingly and the Borrowing Base shall be calculated thereafter using such revised definition. 
 (ii) Eligible
Take-Out. During the Availability Period, within five (5) Business Days after the closing of a new Tax Equity Commitment or Backlever Financing, [***]. Counsel to the Administrative Agent shall review such documents and report its results
to Administrative Agent. If based on such report or a field examination conducted in accordance with Section 6.10 Administrative Agent determines, after consulting with Borrower, that in its commercially reasonable judgment, the eligibility
criteria for Eligible Take-Out are to be revised, the components of Eligible Take-Out shall be deemed revised accordingly and the Borrowing Base shall be calculated thereafter using such revised definition. If Borrower does not receive notice from
Administrative Agent that any new Tax Equity Commitment or Backlever Financing is to be ineligible under this clause (b)(ii) within 60 days after the delivery of the applicable documents as set forth above, such Tax Equity Commitments or Backlever
Financing, as the case may be, shall be deemed eligible subject to the then existing eligibility conditions set forth herein. 

Section 2.02 Borrowings, Conversions and Continuations of Loans. 

(a) Notice of Borrowing. Each Borrowing, each conversion of Loans from one Type to the other, and each continuation of Eurodollar
Rate Loans shall be made upon the Borrower’s irrevocable notice to the Administrative Agent, which may be given by telephone. Each such notice must be received by the Administrative Agent not later than 11:00 a.m. (i) three
(3) Business Days prior to the requested date of any Borrowing of, conversion to or continuation of Eurodollar Rate Loans or of any conversion of Eurodollar Rate Loans to Base Rate Loans, and (ii) on the requested date of any Borrowing of
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Loans; provided, however, that if the Borrower wishes to request Eurodollar Rate Loans having an Interest Period other than one (1), two (2), three (3) or six (6) months
in duration as provided in the definition of “Interest Period”, the applicable notice must be received by the Administrative Agent not later than 11:00 a.m. four (4) Business Days prior to the requested date of such Borrowing,
conversion or continuation, whereupon the Administrative Agent shall give prompt notice to the Appropriate Lenders of such request and determine whether the requested Interest Period is acceptable to all of them. Not later than 11:00 a.m., three
(3) Business Days before the requested date of such Borrowing, conversion or continuation, the Administrative Agent shall notify the Borrower (which notice may be by telephone) whether or not the requested Interest Period has been consented to
by all the Lenders. Each telephonic notice by the Borrower pursuant to this Section 2.02(a) must be confirmed promptly by delivery to the Administrative Agent of a written Loan Notice, appropriately completed and signed by a Responsible Officer
of the Borrower. Each Borrowing of, conversion to or continuation of Eurodollar Rate Loans shall be in a principal amount of $5,000,000 or a whole multiple of $1,000,000 in excess thereof. Except as provided in Sections 2.03(c) and 2.04(c), each
Borrowing of or conversion to Base Rate Loans shall be in a principal amount of $500,000 or a whole multiple of $100,000 in excess thereof. Each Loan Notice (whether telephonic or written) shall specify (A) the applicable Facility and whether
the Borrower is requesting a Borrowing, a conversion of Loans from one Type to the other, or a continuation of Loans, as the case may be, under such Facility, (B) the requested date of the Borrowing, conversion or continuation, as the case may
be (which shall be a Business Day), (C) the principal amount of Loans to be borrowed, converted or continued, (D) the Type of Loans to be borrowed or to which existing Loans are to be converted, and (E) if applicable, the duration of
the Interest Period with respect thereto. If the Borrower fails to specify a Type of Loan in a Loan Notice or if the Borrower fails to give a timely notice requesting a conversion or continuation, then the applicable Loans shall be made as, or
converted to, Base Rate Loans. Any such automatic conversion to Base Rate Loans shall be effective as of the last day of the Interest Period then in effect with respect to the applicable Eurodollar Rate Loans. If the Borrower requests a Borrowing
of, conversion to, or continuation of Eurodollar Rate Loans in any such Loan Notice, but fails to specify an Interest Period, it will be deemed to have specified an Interest Period of one (1) month. Notwithstanding anything to the contrary
herein, a Swingline Loan may not be converted to a Eurodollar Rate Loan. 
 (b) Advances. Following receipt of a Loan
Notice for the Facility, the Administrative Agent shall promptly notify each Appropriate Lender of the amount of its Applicable Percentage under such Facility of the applicable Loans, and if no timely notice of a conversion or continuation is
provided by the Borrower, the Administrative Agent shall notify each Appropriate Lender of the details of any automatic conversion to Base Rate Loans described in Section 2.02(a). In the case of a Borrowing, each Appropriate Lender shall make
the amount of its Loan available to the Administrative Agent in immediately available funds at the Administrative Agent’s Office not later than 1:00 p.m. on the Business Day specified in the applicable Loan Notice. Upon satisfaction of the
applicable conditions set forth in Section 4.02 (and, if such Borrowing is the initial Credit Extension, Section 4.01), the Administrative Agent shall make all funds so received available to the Borrower in like funds as received by the
Administrative Agent either by (i) crediting the account of the Borrower on the books of Bank of America with the amount of such funds or (ii) wire transfer of such funds, in each case in accordance with instructions provided to (and
reasonably acceptable to) the Administrative Agent by the Borrower; provided, however, that if, on the date a Loan Notice with respect to a Revolving Borrowing is given by the Borrower, there are L/C Borrowings outstanding, then the
proceeds of such Revolving Borrowing, first, shall be applied to the payment in full of any such L/C Borrowings, and second, shall be made available to the Borrower as provided above. 

(c) Eurodollar Rate Loans. Except as otherwise provided herein, a Eurodollar Rate Loan may be continued or converted only on the
last day of an Interest Period for such Eurodollar Rate Loan. 

  
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During the existence of a Default, no Loans may be requested as, converted to or continued as Eurodollar Rate Loans without the consent of the Required Lenders, and the Required Lenders may
demand that any or all of the outstanding Eurodollar Rate Loans be converted immediately to Base Rate Loans. 
 (d) Notice of
Interest Rates. The Administrative Agent shall promptly notify the Borrower and the Lenders of the interest rate applicable to any Interest Period for Eurodollar Rate Loans upon determination of such interest rate. At any time that Base Rate
Loans are outstanding, the Administrative Agent shall notify the Borrower and the Lenders of any change in Bank of America’s prime rate used in determining the Base Rate promptly following the public announcement of such change. 

(e) Interest Periods. After giving effect to all Revolving Borrowings, all conversions of Revolving Loans from one Type to the
other, and all continuations of Revolving Loans as the same Type, there shall not be more than eight (8) Interest Periods in effect in respect of the Facility. 
 Section 2.03 Letters of Credit. 
 (a) The Letter of Credit
Commitment. 
 (i) Subject to the terms and conditions set forth herein, (A) the L/C Issuer agrees, in reliance upon
the agreements of the Lenders set forth in this Section, (1) from time to time on any Business Day during the period from the Closing Date until the Letter of Credit Expiration Date, to issue Letters of Credit in Dollars for the account of the
Borrower, and to amend Letters of Credit previously issued by it, in accordance with Section 2.03(b), and (2) to honor drawings under the Letters of Credit; and (B) the Lenders severally agree to participate in Letters of Credit
issued for the account of the Borrower and any drawings thereunder; provided that, after giving effect to any L/C Credit Extension with respect to any Letter of Credit, (x) the Total Outstandings shall not exceed the Facility, (y) the
Revolving Exposure of any Lender shall not exceed such Lender’s Commitment, and (z) the Outstanding Amount of the L/C Obligations shall not exceed the Letter of Credit Sublimit. Each request by the Borrower for the issuance or amendment of
a Letter of Credit shall be deemed to be a representation by the Borrower that the L/C Credit Extension so requested complies with the conditions set forth in the proviso to the preceding sentence. Within the foregoing limits, and subject to the
terms and conditions hereof, the Borrower’s ability to obtain Letters of Credit shall be fully revolving, and accordingly the Borrower may, during the foregoing period, obtain Letters of Credit to replace Letters of Credit that have expired or
that have been drawn upon and reimbursed. 
 (ii) The L/C Issuer shall not issue any Letter of Credit if: 

(A) the expiry date of the requested Letter of Credit would occur more than twelve (12) months after the date of issuance, unless
the Required Lenders have approved such expiry date; or 
 (B) the expiry date of the requested Letter of Credit would occur
after the Letter of Credit Expiration Date, unless all the Lenders have approved such expiry date; 
 (iii) The L/C Issuer shall
not be under any obligation to issue any Letter of Credit if: 
 (A) any order, judgment or decree of any Governmental
Authority or arbitrator shall by its terms purport to enjoin or restrain the L/C Issuer from issuing the Letter of Credit, or any Law applicable to the L/C Issuer or any request or directive (whether or not having the force of law) from any
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the L/C Issuer refrain from, the issuance of letters of credit generally or the Letter of Credit in particular or shall impose upon the L/C Issuer with respect to the Letter of Credit any
restriction, reserve or capital requirement (for which the L/C Issuer is not otherwise compensated hereunder) not in effect on the Closing Date, or shall impose upon the L/C Issuer any unreimbursed loss, cost or expense which was not applicable on
the Closing Date and which the L/C Issuer in good faith deems material to it; 
 (B) the issuance of the Letter of Credit would
violate one or more policies of the L/C Issuer applicable to letters of credit generally; 
 (C) except as otherwise agreed by
the Administrative Agent and the L/C Issuer, the Letter of Credit is in an initial stated amount less than $100,000, in the case of a commercial Letter of Credit, or $100,000, in the case of a standby Letter of Credit; 

(D) the Letter of Credit is to be denominated in a currency other than Dollars; 

(E) any Lender is at that time a Defaulting Lender, unless the L/C Issuer has entered into arrangements, including the delivery of Cash
Collateral, satisfactory to the L/C Issuer (in its sole discretion) with the Borrower or such Lender to eliminate the L/C Issuer’s actual or potential Fronting Exposure (after giving effect to Section 2.15(a)(iv)) with respect to the
Defaulting Lender arising from either the Letter of Credit then proposed to be issued or that Letter of Credit and all other L/C Obligations as to which the L/C Issuer has actual or potential Fronting Exposure, as it may elect in its sole
discretion; or 
 (iv) The L/C Issuer shall not amend any Letter of Credit if the L/C Issuer would not be permitted at such time
to issue the Letter of Credit in its amended form under the terms hereof. 
 (v) The L/C Issuer shall be under no obligation to
amend any Letter of Credit if (A) the L/C Issuer would have no obligation at such time to issue such Letter of Credit in its amended form under the terms hereof, or (B) the beneficiary of such Letter of Credit does not accept the proposed
amendment to the Letter of Credit. 
 (vi) The L/C Issuer shall act on behalf of the Lenders with respect to any Letters of
Credit issued by it and the documents associated therewith, and the L/C Issuer shall have all of the benefits and immunities (A) provided to the Administrative Agent in Article IX with respect to any acts taken or omissions suffered by the L/C
Issuer in connection with Letters of Credit issued by it or proposed to be issued by it and Issuer Documents pertaining to such Letters of Credit as fully as if the term “Administrative Agent” as used in Article IX included the L/C Issuer
with respect to such acts or omissions, and (B) as additionally provided herein with respect to the L/C Issuer. 
 (b)
Procedures for Issuance and Amendment of Letters of Credit; Auto Extension Letters of Credit. 
 (i) Each Letter of
Credit shall be issued or amended, as the case may be, upon the request of the Borrower delivered to the L/C Issuer (with a copy to the Administrative Agent) in the form of a Letter of Credit Application, appropriately completed and signed by a
Responsible Officer of the Borrower. Such Letter of Credit Application may be sent by fax transmission, by United States mail, by overnight courier, by electronic transmission using the system provided by the L/C Issuer, by personal delivery or by
any other means acceptable to the L/C Issuer. Such Letter of Credit Application must be received by the L/C Issuer and the Administrative Agent not later than 11:00 a.m. at least two (2)

  
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Business Days (or such later date and time as the Administrative Agent and the L/C Issuer may agree in a particular instance in their sole discretion) prior to the proposed issuance date or date
of amendment, as the case may be. In the case of a request for an initial issuance of a Letter of Credit, such Letter of Credit Application shall specify in form and detail satisfactory to the L/C Issuer: (A) the proposed issuance date of the
requested Letter of Credit (which shall be a Business Day); (B) the amount thereof; (C) the expiry date thereof; (D) the name and address of the beneficiary thereof; (E) the documents to be presented by such beneficiary in case
of any drawing thereunder; (F) the full text of any certificate to be presented by such beneficiary in case of any drawing thereunder; (G) the purpose and nature of the requested Letter of Credit; and (H) such other matters as the L/C
Issuer may require. In the case of a request for an amendment of any outstanding Letter of Credit, such Letter of Credit Application shall specify in form and detail satisfactory to the L/C Issuer (1) the Letter of Credit to be amended;
(2) the proposed date of amendment thereof (which shall be a Business Day); (3) the nature of the proposed amendment; and (4) such other matters as the L/C Issuer may require. Additionally, the Borrower shall furnish to the L/C Issuer
and the Administrative Agent such other documents and information pertaining to such requested Letter of Credit issuance or amendment, including any Issuer Documents, as the L/C Issuer or the Administrative Agent may require. 

(ii) Promptly after receipt of any Letter of Credit Application, the L/C Issuer will confirm with the Administrative Agent (by telephone
or in writing) that the Administrative Agent has received a copy of such Letter of Credit Application from the Borrower and, if not, the L/C Issuer will provide the Administrative Agent with a copy thereof. Unless the L/C Issuer has received written
notice from any Lender, the Administrative Agent or any Loan Party, at least one (1) Business Day prior to the requested date of issuance or amendment of the applicable Letter of Credit, that one or more applicable conditions contained in
Article IV shall not then be satisfied, then, subject to the terms and conditions hereof, the L/C Issuer shall, on the requested date, issue a Letter of Credit for the account of the Borrower or enter into the applicable amendment, as the case may
be, in each case in accordance with the L/C Issuer’s usual and customary business practices. Immediately upon the issuance of each Letter of Credit, each Lender shall be deemed to, and hereby irrevocably and unconditionally agrees to, purchase
from the L/C Issuer a risk participation in such Letter of Credit in an amount equal to the product of such Lender’s Applicable Revolving Percentage times the amount of such Letter of Credit. 

(iii) Promptly after its delivery of any Letter of Credit or any amendment to a Letter of Credit to an advising bank with respect thereto
or to the beneficiary thereof, the L/C Issuer will also deliver to the Borrower and the Administrative Agent a true and complete copy of such Letter of Credit or amendment. 
 (iv) If the Borrower so requests in any applicable Letter of Credit Application, the L/C Issuer may, in its sole discretion, agree to issue a standby Letter of Credit that has automatic extension
provisions (each, an “Auto-Extension Letter of Credit”); provided that, any such Auto-Extension Letter of Credit must permit the L/C Issuer to prevent any such extension at least once in each twelve (12) month period
(commencing with the date of issuance of such Letter of Credit) by giving prior notice to the beneficiary thereof not later than a day (the “Non-Extension Notice Date”) in each such twelve (12) month period to be agreed upon at
the time such Letter of Credit is issued. Unless otherwise directed by the L/C Issuer, the Borrower shall not be required to make a specific request to the L/C Issuer for any such extension. Once an Auto-Extension Letter of Credit has been issued,
the Lenders shall be deemed to have authorized (but may not require) the L/C Issuer to permit the extension of such Letter of Credit at any time to an expiry date not later than the Letter of Credit Expiration Date; provided, however,
that the L/C Issuer shall not permit any such extension if (A) the L/C Issuer has determined that it would not be permitted, or would have no obligation at such time to issue such Letter of Credit in its revised form (as extended) under the
terms hereof (by reason of the provisions of clause (ii) or (iii) of Section 

  
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2.03(a) or otherwise), or (B) it has received notice (which may be by telephone or in writing) on or before the day that is seven (7) Business Days before the Non-Extension Notice Date
(1) from the Administrative Agent that the Required Lenders have elected not to permit such extension or (2) from the Administrative Agent, any Lender or the Borrower that one or more of the applicable conditions specified in
Section 4.02 is not then satisfied, and in each such case directing the L/C Issuer not to permit such extension. 
 (v)
Notwithstanding the terms of any Letter of Credit Application for a commercial Letter of credit, in no event may the Borrower extend the time for reimbursing any drawing under a commercial Letter of credit by obtaining a bankers’ acceptance
from the L/C Issuer. 
 (c) Drawings and Reimbursements; Funding of Participations. 

(i) Upon receipt from the beneficiary of any Letter of Credit of any notice of a drawing under such Letter of Credit, the L/C Issuer
shall notify the Borrower and the Administrative Agent thereof. Not later than 11:00 a.m. on the date of any payment by the L/C Issuer under a Letter of Credit (each such date, an “Honor Date”), the Borrower shall reimburse the L/C
Issuer through the Administrative Agent in an amount equal to the amount of such drawing. If the Borrower fails to so reimburse the L/C Issuer by such time, the Administrative Agent shall promptly notify each Lender of the Honor Date, the amount of
the unreimbursed drawing (the “Unreimbursed Amount”), and the amount of such Lender’s Applicable Revolving Percentage thereof. In such event, the Borrower shall be deemed to have requested a Revolving Borrowing of Base Rate
Loans to be disbursed on the Honor Date in an amount equal to the Unreimbursed Amount, without regard to the minimum and multiples specified in Section 2.02 for the principal amount of Base Rate Loans, but subject to the amount of the
unutilized portion of the Commitments and the conditions set forth in Section 4.02 (other than the delivery of a Loan Notice). Any notice given by the L/C Issuer or the Administrative Agent pursuant to this Section 2.03(c)(i) may be given
by telephone if immediately confirmed in writing; provided that, the lack of such an immediate confirmation shall not affect the conclusiveness or binding effect of such notice. 

(ii) Each Lender shall upon any notice pursuant to Section 2.03(c)(i) make funds available (and the Administrative Agent may apply
Cash Collateral provided for this purpose) for the account of the L/C Issuer at the Administrative Agent’s Office in an amount equal to its Applicable Revolving Percentage of the Unreimbursed Amount not later than 1:00 p.m. on the Business Day
specified in such notice by the Administrative Agent, whereupon, subject to the provisions of Section 2.03(c)(iii), each Lender that so makes funds available shall be deemed to have made a Base Rate Loan to the Borrower in such amount. The
Administrative Agent shall remit the funds so received to the L/C Issuer. 
 (iii) With respect to any Unreimbursed Amount that
is not fully refinanced by a Revolving Borrowing of Base Rate Loans because the conditions set forth in Section 4.02 cannot be satisfied or for any other reason, the Borrower shall be deemed to have incurred from the L/C Issuer an L/C Borrowing
in the amount of the Unreimbursed Amount that is not so refinanced, which L/C Borrowing shall be due and payable on demand (together with interest) and shall bear interest at the Default Rate. In such event, each Lender’s payment to the
Administrative Agent for the account of the L/C Issuer pursuant to Section 2.03(c)(ii) shall be deemed payment in respect of its participation in such L/C Borrowing and shall constitute an L/C Advance from such Lender in satisfaction of its
participation obligation under this Section. 
 (iv) Until each Lender funds its Revolving Loan or L/C Advance pursuant to this
Section 2.03(c) to reimburse the L/C Issuer for any amount drawn under any Letter of Credit, interest in respect of such Lender’s Applicable Revolving Percentage of such amount shall be solely for the account of the L/C Issuer. 


  
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 (v) Each Lender’s obligation to make Revolving Loans or L/C Advances to reimburse the
L/C Issuer for amounts drawn under Letters of Credit, as contemplated by this Section 2.03(c), shall be absolute and unconditional and shall not be affected by any circumstance, including (A) any setoff, counterclaim, recoupment, defense
or other right which such Lender may have against the L/C Issuer, the Borrower or any other Person for any reason whatsoever; (B) the occurrence or continuance of a Default; or (C) any other occurrence, event or condition, whether or not
similar to any of the foregoing; provided, however, that each Lender’s obligation to make Revolving Loans pursuant to this Section 2.03(c) is subject to the conditions set forth in Section 4.02 (other than delivery by
the Borrower of a Loan Notice). No such making of an L/C Advance shall relieve or otherwise impair the obligation of the Borrower to reimburse the L/C Issuer for the amount of any payment made by the L/C Issuer under any Letter of Credit, together
with interest as provided herein. 
 (vi) If any Lender fails to make available to the Administrative Agent for the account of
the L/C Issuer any amount required to be paid by such Lender pursuant to the foregoing provisions of this Section 2.03(c) by the time specified in Section 2.03(c)(ii), then, without limiting the other provisions of this Agreement, the L/C
Issuer shall be entitled to recover from such Lender (acting through the Administrative Agent), on demand, such amount with interest thereon for the period from the date such payment is required to the date on which such payment is immediately
available to the L/C Issuer at a rate per annum equal to the greater of the Federal Funds Rate and a rate determined by the L/C Issuer in accordance with banking industry rules on interbank compensation, plus any administrative, processing or
similar fees customarily charged by the L/C Issuer in connection with the foregoing. If such Lender pays such amount (with interest and fees as aforesaid), the amount so paid shall constitute such Lender’s Revolving Loan included in the
relevant Revolving Borrowing or L/C Advance in respect of the relevant L/C Borrowing, as the case may be. A certificate of the L/C Issuer submitted to any Lender (through the Administrative Agent) with respect to any amounts owing under this
Section 2.03(c)(vi) shall be conclusive absent manifest error. 
 (d) Repayment of Participations. 

(i) At any time after the L/C Issuer has made a payment under any Letter of Credit and has received from any Lender such Lender’s
L/C Advance in respect of such payment in accordance with Section 2.03(c), if the Administrative Agent receives for the account of the L/C Issuer any payment in respect of the related Unreimbursed Amount or interest thereon (whether directly
from the Borrower or otherwise, including proceeds of Cash Collateral applied thereto by the Administrative Agent), the Administrative Agent will distribute to such Lender its Applicable Revolving Percentage thereof in the same funds as those
received by the Administrative Agent. 
 (ii) If any payment received by the Administrative Agent for the account of the L/C
Issuer pursuant to Section 2.03(c)(i) is required to be returned under any of the circumstances described in Section 11.05 (including pursuant to any settlement entered into by the L/C Issuer in its discretion), each Lender shall pay to
the Administrative Agent for the account of the L/C Issuer its Applicable Revolving Percentage thereof on demand of the Administrative Agent, plus interest thereon from the date of such demand to the date such amount is returned by such Lender, at a
rate per annum equal to the Federal Funds Rate from time to time in effect. The obligations of the Lenders under this clause shall survive the payment in full of the Obligations and the termination of this Agreement. 

  
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 (e) Obligations Absolute. The obligation of the Borrower to reimburse the L/C Issuer
for each drawing under each Letter of Credit and to repay each L/C Borrowing shall be absolute, unconditional and irrevocable, and shall be paid strictly in accordance with the terms of this Agreement under all circumstances, including the
following: 
 (i) any lack of validity or enforceability of such Letter of Credit, this Agreement, or any other Loan Document;

 (ii) the existence of any claim, counterclaim, setoff, defense or other right that the Borrower or any Subsidiary may have at
any time against any beneficiary or any transferee of such Letter of Credit (or any Person for whom any such beneficiary or any such transferee may be acting), the L/C Issuer or any other Person, whether in connection with this Agreement or by such
Letter of Credit, the transactions contemplated hereby or any agreement or instrument relating thereto, or any unrelated transaction; 
 (iii) any draft, demand, endorsement, certificate or other document presented under or in connection with such Letter of Credit proving to be forged, fraudulent, invalid or insufficient in any respect or
any statement therein being untrue or inaccurate in any respect; or any loss or delay in the transmission or otherwise of any document required in order to make a drawing under such Letter of Credit; 

(iv) waiver by the L/C Issuer of any requirement that exists for the L/C Issuer’s protection and not the protection of the Borrower
or any waiver by the L/C Issuer which does not in fact materially prejudice the Borrower; 
 (v) honor of a demand for payment
presented electronically even if such Letter of Credit requires that demand be in the form of a draft; 
 (vi) any payment made
by the L/C Issuer in respect of an otherwise complying item presented after the date specified as the expiration date of, or the date by which documents must be received under such Letter of Credit if presentation after such date is authorized by
the UCC, the ISP or the UCP, as applicable; 
 (vii) any payment by the L/C Issuer under such Letter of Credit against
presentation of a draft or certificate that does not strictly comply with the terms of such Letter of Credit; or any payment made by the L/C Issuer under such Letter of Credit to any Person purporting to be a trustee in bankruptcy,
debtor-in-possession, assignee for the benefit of creditors, liquidator, receiver or other representative of or successor to any beneficiary or any transferee of such Letter of Credit, including any arising in connection with any proceeding under
any Debtor Relief Law; or 
 (viii) any other circumstance or happening whatsoever, whether or not similar to any of the
foregoing, including any other circumstance that might otherwise constitute a defense available to, or a discharge of, the Borrower or any of its Subsidiaries. 
 The Borrower shall promptly examine a copy of each Letter of Credit and each amendment thereto that is delivered to it and, in the event of any claim of noncompliance with the Borrower’s instructions
or other irregularity, the Borrower will immediately notify the L/C Issuer. The Borrower shall be conclusively deemed to have waived any such claim against the L/C Issuer and its correspondents unless such notice is given as aforesaid. 

  
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 (f) Role of L/C Issuer. Each Lender and the Borrower agree that, in paying any
drawing under a Letter of Credit, the L/C Issuer shall not have any responsibility to obtain any document (other than any sight or time draft, certificates and documents expressly required by the Letter of Credit) or to ascertain or inquire as to
the validity or accuracy of any such document or the authority of the Person executing or delivering any such document. None of the L/C Issuer, the Administrative Agent, any of their respective Related Parties nor any correspondent, participant or
assignee of the L/C Issuer shall be liable to any Lender for (i) any action taken or omitted in connection herewith at the request or with the approval of the Lenders or the Required Lenders, as applicable; (ii) any action taken or omitted
in the absence of gross negligence or willful misconduct; or (iii) the due execution, effectiveness, validity or enforceability of any document or instrument related to any Letter of Credit or Issuer Document. The Borrower hereby assumes all
risks of the acts or omissions of any beneficiary or transferee with respect to its use of any Letter of Credit; provided, however, that this assumption is not intended to, and shall not, preclude the Borrower’s pursuing such
rights and remedies as it may have against the beneficiary or transferee at law or under any other agreement. None of the L/C Issuer, the Administrative Agent, any of their respective Related Parties nor any correspondent, participant or assignee of
the L/C Issuer shall be liable or responsible for any of the matters described in Section 2.03(e); provided, however, that anything in such clauses to the contrary notwithstanding, the Borrower may have a claim against the L/C
Issuer, and the L/C Issuer may be liable to the Borrower, to the extent, but only to the extent, of any direct, as opposed to consequential or exemplary, damages suffered by the Borrower which the Borrower proves, as determined by a final
nonappealable judgment of a court of competent jurisdiction, were caused by the L/C Issuer’s willful misconduct or gross negligence or the L/C Issuer’s willful failure to pay under any Letter of Credit after the presentation to it by the
beneficiary of a sight or time draft and certificate(s) strictly complying with the terms and conditions of a Letter of Credit. In furtherance and not in limitation of the foregoing, the L/C Issuer may accept documents that appear on their face to
be in order, without responsibility for further investigation, regardless of any notice or information to the contrary, and the L/C Issuer shall not be responsible for the validity or sufficiency of any instrument transferring, endorsing or
assigning or purporting to transfer, endorse or assign a Letter of Credit or the rights or benefits thereunder or proceeds thereof, in whole or in part, which may prove to be invalid or ineffective for any reason. The L/C Issuer may send a Letter of
Credit or conduct any communication to or from the beneficiary via the Society for Worldwide Interbank Financial Telecommunication (“SWIFT”) message or overnight courier, or any other commercially reasonable means of communicating
with a beneficiary. 
 (g) Applicability of ISP and UCP; Limitation of Liability. Unless otherwise expressly agreed by
the L/C Issuer and the Borrower when a Letter of Credit is issued, (i) the rules of the ISP shall apply to each standby Letter of Credit, and (ii) the rules of the UCP shall apply to each commercial Letter of Credit. Notwithstanding the
foregoing, the L/C Issuer shall not be responsible to the Borrower for, and the L/C Issuer’s rights and remedies against the Borrower shall not be impaired by, any action or inaction of the L/C Issuer required or permitted under any law, order,
or practice that is required or permitted to be applied to any Letter of Credit or this Agreement, including the Law or any order of a jurisdiction where the L/C Issuer or the beneficiary is located, the practice stated in the ISP or UCP, as
applicable, or in the decisions, opinions, practice statements, or official commentary of the ICC Banking Commission, the Bankers Association for Finance and Trade—International Financial Services Association (BAFT-IFSA), or the Institute of
International Banking Law & Practice, whether or not any Letter of Credit chooses such law or practice. 
 (h)
Letter of Credit Fees. The Borrower shall pay to the Administrative Agent for the account of each Lender in accordance, subject to Section 2.15, with its Applicable Revolving Percentage a Letter of Credit fee (the “Letter of
Credit Fee”) for each Letter of Credit issued pursuant to this Section 2.03 equal to the Applicable Rate times the daily amount available to be drawn under such Letter of Credit. For purposes of computing the daily amount
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the amount of such Letter of Credit shall be determined in accordance with Section 1.06. Letter of Credit Fees shall be (A) due and payable on the last Business Day of each March, June,
September and December, commencing with the first such date to occur after the issuance of such Letter of Credit, on the Letter of Credit Expiration Date and thereafter on demand and (B) computed on a quarterly basis in arrears. 

(i) Fronting Fee and Documentary and Processing Charges Payable to L/C Issuer. The Borrower shall pay directly to the L/C Issuer
for its own account a fronting fee (i) with respect to each commercial Letter of Credit, at the rate specified in the Fee Letter, computed on the amount of such Letter of Credit, and payable upon the issuance thereof, (ii) with respect to
any amendment of a commercial Letter of Credit increasing the amount of such Letter of Credit, at a rate separately agreed between the Borrower and the L/C Issuer, computed on the amount of such increase, and payable upon the effectiveness of such
amendment, and (iii) with respect to each standby Letter of Credit, at the rate per annum specified in the Fee Letter, computed on the daily amount available to be drawn under such Letter of Credit on a quarterly basis in arrears. Such fronting
fee shall be due and payable on the last Business Day of each March, June, September and December, commencing with the first such date to occur after the issuance of such Letter of Credit, on the Letter of Credit Expiration Date and thereafter on
demand. For purposes of computing the daily 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. In addition, the Borrower shall pay directly to the
L/C Issuer for its own account the customary issuance, presentation, amendment and other processing fees, and other standard costs and charges, of the L/C Issuer as from time to time in effect. Such customary fees and standard costs and charges are
due and payable on demand and are nonrefundable. 
 (j) Conflict with Issuer Documents. In the event of any conflict
between the terms hereof and the terms of any Issuer Document, the terms hereof shall control. 
 Section 2.04 Swingline Loans.

 (a) The Swingline. Subject to the terms and conditions set forth herein, the Swingline Lender, in reliance upon the
agreements of the other Lenders set forth in this Section, shall make loans (each such loan, a “Swingline Loan”). Each such Swingline Loan may be made, subject to the terms and conditions set forth herein, to the Borrower, in
Dollars, from time to time on any Business Day. During the Availability Period in an aggregate amount not to exceed at any time outstanding the amount of the Swingline Sublimit, notwithstanding the fact that such Swingline Loans, when aggregated
with the Applicable Revolving Percentage of the Outstanding Amount of Revolving Loans and L/C Obligations of the Lender acting as Swingline Lender, may exceed the amount of such Lender’s Commitment; provided, however, that
(i) after giving effect to any Swingline Loan, (A) the Total Outstandings shall not exceed the Facility at such time, and (B) the Revolving Exposure of any Lender at such time shall not exceed such Lender’s Commitment,
(ii) the Borrower shall not use the proceeds of any Swingline Loan to refinance any outstanding Swingline Loan, and (iii) the Swingline Lender shall not be under any obligation to make any Swingline Loan if it shall determine (which
determination shall be conclusive and binding absent manifest error) that it has, or by such Credit Extension may have, Fronting Exposure. Within the foregoing limits, and subject to the other terms and conditions hereof, the Borrower may borrow
under this Section, prepay under Section 2.05, and reborrow under this Section. Each Swingline Loan shall bear interest only at a rate based on the Base Rate. Immediately upon the making of a Swingline Loan, each Lender shall be deemed to, and
hereby irrevocably and unconditionally agrees to, purchase from the Swingline Lender a risk participation in such Swingline Loan in an amount equal to the product of such Lender’s Applicable Revolving Percentage times the amount of such
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 (b) Borrowing Procedures. 

(i) Each Swingline Borrowing shall be made upon the Borrower’s irrevocable notice to the Swingline Lender and the Administrative
Agent, which may be given by telephone. Each such notice must be received by the Swingline Lender and the Administrative Agent not later than 1:00 p.m. on the requested borrowing date, and shall specify (i) the amount to be borrowed, which
shall be a minimum of $100,000, and (ii) the requested date of the Borrowing (which shall be a Business Day). Each such telephonic notice must be confirmed promptly by delivery to the Swingline Lender and the Administrative Agent of a written
Swingline Loan Notice, appropriately completed and signed by a Responsible Officer of the Borrower. Promptly after receipt by the Swingline Lender of any telephonic Swingline Loan Notice, the Swingline Lender will confirm with the Administrative
Agent (by telephone or in writing) that the Administrative Agent has also received such Swingline Loan Notice and, if not, the Swingline Lender will notify the Administrative Agent (by telephone or in writing) of the contents thereof. Unless the
Swingline Lender has received notice (by telephone or in writing) from the Administrative Agent (including at the request of any Lender) prior to 2:00 p.m. on the date of the proposed Swingline Borrowing (A) directing the Swingline Lender not
to make such Swingline Loan as a result of the limitations set forth in the first proviso to the first sentence of Section 2.04(a), or (B) that one or more of the applicable conditions specified in Article IV is not then satisfied, then,
subject to the terms and conditions hereof, the Swingline Lender will, not later than 3:00 p.m. on the borrowing date specified in such Swingline Loan Notice, make the amount of its Swingline Loan available to the Borrower. 

(c) Refinancing of Swingline Loans. 
 (i) The Swingline Lender at any time in its sole discretion may request, on behalf of the Borrower (which hereby irrevocably authorizes the Swingline Lender to so request on its behalf), that each Lender
make a Base Rate Loan in an amount equal to such Lender’s Applicable Revolving Percentage of the amount of Swingline Loans then outstanding. Such request shall be made in writing (which written request shall be deemed to be a Loan Notice for
purposes hereof) and in accordance with the requirements of Section 2.02, without regard to the minimum and multiples specified therein for the principal amount of Base Rate Loans, but subject to the unutilized portion of the Facility and the
conditions set forth in Section 4.02. The Swingline Lender shall furnish the Borrower with a copy of the applicable Loan Notice promptly after delivering such notice to the Administrative Agent. Each Lender shall make an amount equal to its
Applicable Revolving Percentage of the amount specified in such Loan Notice available to the Administrative Agent in immediately available funds (and the Administrative Agent may apply Cash Collateral available with respect to the applicable
Swingline Loan) for the account of the Swingline Lender at the Administrative Agent’s Office not later than 1:00 p.m. on the day specified in such Loan Notice, whereupon, subject to Section 2.04(c)(ii), each Lender that so makes funds
available shall be deemed to have made a Base Rate Loan to the Borrower in such amount. The Administrative Agent shall remit the funds so received to the Swingline Lender. 
 (ii) If for any reason any Swingline Loan cannot be refinanced by such a Revolving Borrowing in accordance with Section 2.04(c)(i), the request for Base Rate Loans submitted by the Swingline Lender
as set forth herein shall be deemed to be a request by the Swingline Lender that each of the Lenders fund its risk participation in the relevant Swingline Loan and each Lender’s payment to the Administrative Agent for the account of the
Swingline Lender pursuant to Section 2.04(c)(i) shall be deemed payment in respect of such participation. 
 (iii) If any
Lender fails to make available to the Administrative Agent for the account of the Swingline Lender any amount required to be paid by such Lender pursuant to the foregoing provisions of this Section 2.04(c) by the time specified in
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be entitled to recover from such Lender (acting through the Administrative Agent), on demand, such amount with interest thereon for the period from the date such payment is required to the date
on which such payment is immediately available to the Swingline Lender at a rate per annum equal to the greater of the Federal Funds Rate and a rate determined by the Swingline Lender in accordance with banking industry rules on interbank
compensation, plus any administrative, processing or similar fees customarily charged by the Swingline Lender in connection with the foregoing. If such Lender pays such amount (with interest and fees as aforesaid), the amount so paid shall
constitute such Lender’s Revolving Loan included in the relevant Revolving Borrowing or funded participation in the relevant Swingline Loan, as the case may be. A certificate of the Swingline Lender submitted to any Lender (through the
Administrative Agent) with respect to any amounts owing under this clause (iii) shall be conclusive absent manifest error. 

(iv) Each Lender’s obligation to make Revolving Loans or to purchase and fund risk participations in Swingline Loans pursuant to
this Section 2.04(c) shall be absolute and unconditional and shall not be affected by any circumstance, including (A) any setoff, counterclaim, recoupment, defense or other right which such Lender may have against the Swingline Lender, the
Borrower or any other Person for any reason whatsoever, (B) the occurrence or continuance of a Default, or (C) any other occurrence, event or condition, whether or not similar to any of the foregoing; provided, however, that
each Lender’s obligation to make Revolving Loans pursuant to this Section 2.04(c) is subject to the conditions set forth in Section 4.02 (other than delivery by the Borrower of a Loan Notice). No such funding of risk participations
shall relieve or otherwise impair the obligation of the Borrower to repay Swingline Loans, together with interest as provided herein. 
 (d) Repayment of Participations. 
 (i) At any time after any Lender has
purchased and funded a risk participation in a Swingline Loan, if the Swingline Lender receives any payment on account of such Swingline Loan, the Swingline Lender will distribute to such Lender its Applicable Revolving Percentage thereof in the
same funds as those received by the Swingline Lender. 
 (ii) If any payment received by the Swingline Lender in respect of
principal or interest on any Swingline Loan is required to be returned by the Swingline Lender under any of the circumstances described in Section 11.05 (including pursuant to any settlement entered into by the Swingline Lender in its
discretion), each Lender shall pay to the Swingline Lender its Applicable Revolving Percentage thereof on demand of the Administrative Agent, plus interest thereon from the date of such demand to the date such amount is returned, at a rate per annum
equal to the Federal Funds Rate. The Administrative Agent will make such demand upon the request of the Swingline Lender. The obligations of the Lenders under this clause shall survive the payment in full of the Obligations and the termination of
this Agreement. 
 (e) Interest for Account of Swingline Lender. The Swingline Lender shall be responsible for invoicing
the Borrower for interest on the Swingline Loans. Until each Lender funds its Base Rate Loan or risk participation pursuant to this Section to refinance such Lender’s Applicable Revolving Percentage of any Swingline Loan, interest in respect of
such Applicable Revolving Percentage shall be solely for the account of the Swingline Lender. 
 (f) Payments Directly to
Swingline Lender. The Borrower shall make all payments of principal and interest in respect of the Swingline Loans directly to the Swingline Lender. 

  
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 Section 2.05 Prepayments. 

(a) Optional. 
 (i) The Borrower may, upon notice to the Administrative Agent, at any time or from time to time voluntarily prepay Revolving Loans in whole or in part without premium or penalty; provided that,
(A) such notice must be received by the Administrative Agent not later than 11:00 a.m. (1) three (3) Business Days prior to any date of prepayment of Eurodollar Rate Loans and (2) on the date of prepayment of Base Rate Loans;
(B) any prepayment of Eurodollar Rate Loans shall be in a principal amount of $5,000,000 or a whole multiple of $1,000,000 in excess thereof; and (C) any prepayment of Base Rate Loans shall be in a principal amount of $500,000 or a whole
multiple of $100,000 in excess thereof or, in each case, if less, the entire principal amount thereof then outstanding. Each such notice shall specify the date and amount of such prepayment and the Type(s) of Loans to be prepaid and, if Eurodollar
Rate Loans are to be prepaid, the Interest Period(s) of such Loans. The Administrative Agent will promptly notify each Lender of its receipt of each such notice, and of the amount of such Lender’s ratable portion of such prepayment (based on
such Lender’s Applicable Percentage in respect of the relevant Facility). If such notice is given by the Borrower, the Borrower shall make such prepayment and the payment amount specified in such notice shall be due and payable on the date
specified therein. Any prepayment of principal shall be accompanied by all accrued interest on the amount prepaid, together with any additional amounts required pursuant to Section 3.05. Subject to Section 2.15, such prepayments shall be
paid to the Lenders in accordance with their respective Applicable Percentages in respect of the Facility. 
 (ii) The Borrower
may, upon notice to the Swingline Lender (with a copy to the Administrative Agent), at any time or from time to time, voluntarily prepay Swingline Loans in whole or in part without premium or penalty; provided that, (A) such notice must
be received by the Swingline Lender and the Administrative Agent not later than 1:00 p.m. on the date of the prepayment, and (B) any such prepayment shall be in a minimum principal amount of $100,000 or a whole multiple of $100,000 in excess
hereof (or, if less, the entire principal thereof then outstanding). Each such notice shall specify the date and amount of such prepayment. If such notice is given by the Borrower, the Borrower shall make such prepayment and the payment amount
specified in such notice shall be due and payable on the date specified therein. Any prepayment of principal shall be accompanied by all accrued interest on the amount prepaid, together with any additional amounts required pursuant to
Section 3.05. 
 (b) Mandatory. 
 (i) Revolving Outstandings. If for any reason a Borrowing Base Deficiency exists, the Borrower shall immediately on demand prepay Revolving Loans, Swingline Loans and/or L/C Borrowings (together
with all accrued but unpaid interest thereon) and/or Cash Collateralize the L/C Obligations in an aggregate amount equal to such excess; provided, however, that the Borrower shall not be required to Cash Collateralize the L/C
Obligations pursuant to this Section 2.05(b)(i) unless, after the prepayment of the Revolving Loans and Swingline Loans, a Borrowing Base Deficiency continues to exist. 
 (ii) Application of Other Payments. Except as otherwise provided in Section 2.15, prepayments of the Facility made pursuant to this Section 2.05(b), first, shall be applied ratably
to the L/C Borrowings and the Swingline Loans, second, shall be applied to the outstanding Revolving Loans, and, third, shall be used to Cash Collateralize the remaining L/C Obligations. Upon the drawing of any Letter of Credit that
has been Cash Collateralized, the funds held as Cash Collateral shall be applied (without any further action by or notice to or from the Borrower or any other Loan Party or any Defaulting Lender that has provided Cash Collateral) to reimburse the
L/C Issuer or the Lenders, as applicable. 

  
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 Within the parameters of the applications set forth above, prepayments pursuant to this
Section 2.05(b) shall be applied first to Base Rate Loans and then to Eurodollar Rate Loans in direct order of Interest Period maturities. All prepayments under this Section 2.05(b) shall be subject to Section 3.05, but otherwise
without premium or penalty, and shall be accompanied by interest on the principal amount prepaid through the date of prepayment. 

Section 2.06 Termination or Reduction of Commitments. 
 (a) Optional. The Borrower may, upon notice to the Administrative Agent, terminate the Facility, the Letter of Credit Sublimit or the Swingline Sublimit, or from time to time permanently reduce the
Facility, the Letter of Credit Sublimit or the Swingline Sublimit; provided that (i) any such notice shall be received by the Administrative Agent not later than 11:00 a.m. five (5) Business Days prior to the date of termination or
reduction, (ii) any such partial reduction shall be in an aggregate amount of $10,000,000 or any whole multiple of $1,000,000 in excess thereof and (iii) the Borrower shall not terminate or reduce (A) the Facility if, after giving
effect thereto and to any concurrent prepayments hereunder, the Total Outstandings would exceed the Facility, (B) the Letter of Credit Sublimit if, after giving effect thereto, the Outstanding Amount of L/C Obligations not fully Cash
Collateralized hereunder would exceed the Letter of Credit Sublimit, or (C) the Swingline Sublimit if, after giving effect thereto and to any concurrent prepayments hereunder, the Outstanding Amount of Swingline Loans would exceed the Letter of
Credit Sublimit. 
 (i) [Reserved]. 
 (ii) If after giving effect to any reduction or termination of Commitments under this Section 2.06, the Letter of Credit Sublimit or the Swingline Sublimit exceeds the Facility at such time, the
Letter of Credit Sublimit or the Swingline Sublimit, as the case may be, shall be automatically reduced by the amount of such excess. 
 (b) Application of Commitment Reductions; Payment of Fees. 
 The
Administrative Agent will promptly notify the Lenders of any termination or reduction of the Letter of Credit Sublimit, Swingline Sublimit or the Commitment under this Section 2.06. Upon any reduction of the Commitments, the Commitment of each
Lender shall be reduced by such Lender’s Applicable Revolving Percentage of such reduction amount, the Facility shall be reduced as to such amount and any Commitment Fees accruing with respect thereto shall be calculated based on the reduced
Facility. All fees in respect of the Facility accrued until the effective date of any termination of the Facility shall be paid on the effective date of such termination. 
 Section 2.07 Repayment of Loans. 
 (a) Revolving Loans.
The Borrower shall repay to the Lenders on the Maturity Date for the Facility the aggregate principal amount of all Revolving Loans outstanding on such date. 
 (b) Swingline Loans. The Borrower shall repay each Swingline Loan on the earlier to occur of (i) the date ten (10) Business Days after such Loan is made and (ii) the Maturity Date
for the Facility. 

  
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 Section 2.08 Interest and Default Rate. 

(a) Interest. Subject to the provisions of Section 2.08(b), (i) each Eurodollar Rate Loan under the Facility shall bear
interest on the outstanding principal amount thereof for each Interest Period from the applicable borrowing date at a rate per annum equal to the Eurodollar Rate for such Interest Period plus the Applicable Rate for such Facility; (ii) each
Base Rate Loan under the Facility shall bear interest on the outstanding principal amount thereof from the applicable borrowing date at a rate per annum equal to the Base Rate plus the Applicable Rate for such Facility; and (iii) each Swingline
Loan shall bear interest on the outstanding principal amount thereof from the applicable borrowing date at a rate per annum equal to the Base Rate plus the Applicable Rate for the Facility. 

(b) Default Rate. 
 (i) If any amount of principal of any Loan is not paid when due, whether at stated maturity, by acceleration or otherwise, such amount shall thereafter bear interest at a fluctuating interest rate per
annum at all times equal to the Default Rate to the fullest extent permitted by applicable Laws. 
 (ii) If any amount (other
than principal of any Loan) payable by the Borrower under any Loan Document is not paid when due, whether at stated maturity, by acceleration or otherwise, then upon the request of the Required Lenders such amount shall thereafter bear interest at a
fluctuating interest rate per annum at all times equal to the Default Rate to the fullest extent permitted by applicable Laws. 

(iii) Upon the request of the Required Lenders, while any Event of Default exists, outstanding Obligations (including Letter of Credit
Fees) may accrue at a fluctuating rate per annum at all times equal to the Default Rate to the fullest extent permitted by applicable Laws. 
 (iv) Accrued and unpaid interest on past due amounts (including interest on past due interest) shall be due and payable upon demand. 

(c) Interest Payments. Interest on each Loan shall be due and payable in arrears on each Interest Payment Date applicable thereto
and at such other times as may be specified herein. Interest hereunder shall be due and payable in accordance with the terms hereof before and after judgment, and before and after the commencement of any proceeding under any Debtor Relief Law.

 Section 2.09 Fees. 
 In addition to certain fees described in Section 2.03: 
 (a) Commitment
Fee. The Borrower shall pay to the Administrative Agent for the account of each Lender in accordance with its Applicable Revolving Percentage, a commitment fee (the “Commitment Fee”) equal to the Applicable Rate times the actual
daily amount by which the Facility exceeds the sum of (i) the Outstanding Amount of Revolving Loans and (ii) the Outstanding Amount of L/C Obligations, subject to adjustment as provided in Section 2.15. For the avoidance of doubt, the
Outstanding Amount of Swingline Loans shall not be counted towards or considered usage of the Aggregate Commitments. The commitment fee shall accrue at all times during the Availability Period, including at any time during which one or more of the
conditions in Article IV is not met, and shall be due and payable quarterly in arrears on the last Business Day of each March, June, September and December, commencing with the first such date to occur after the Closing Date, and on the last day of
the Availability Period for the Facility. 

  
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 (b) Other Fees. 

(i) The Borrower shall pay to the Administrative Agent and the Arranger for its own account fees in the amounts and at the times
specified in the Fee Letter. Such fees shall be fully earned when paid and shall not be refundable for any reason whatsoever. 

(ii) The Borrower shall pay to the Lenders such fees as shall have been separately agreed upon in writing in the amounts and at the times
so specified. Such fees shall be fully earned when paid and shall not be refundable for any reason whatsoever. 
 Section 2.10
Computation of Interest and Fees; Retroactive Adjustments of Applicable Rate. 
 (a) Computation of Interest and
Fees. All computations of interest for Base Rate Loans (including Base Rate Loans determined by reference to the Eurodollar Rate) shall be made on the basis of a year of three hundred sixty-five (365) or three hundred sixty-six
(366) days, as the case may be, and actual days elapsed. All other computations of fees and interest shall be made on the basis of a 360-day year and actual days elapsed (which results in more fees or interest, as applicable, being paid than if
computed on the basis of a three hundred sixty-five (365) day year). Interest shall accrue on each Loan for the day on which the Loan is made, and shall not accrue on a Loan, or any portion thereof, for the day on which the Loan or such portion
is paid, provided that, any Loan that is repaid on the same day on which it is made shall, subject to Section 2.12(a), bear interest for one (1) day. Each determination by the Administrative Agent of an interest rate or fee
hereunder shall be conclusive and binding for all purposes, absent manifest error. 
 Section 2.11 Evidence of Debt.

 (a) Maintenance of Accounts. 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. 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 Revolving Note,
which shall evidence such Lender’s Loans in addition to such accounts or records. Each Lender may attach schedules to its Revolving Note and endorse thereon the date, Type (if applicable), amount and maturity of its Loans and payments with
respect thereto. 
 (b) Maintenance of Records. In addition to the accounts and records referred to in
Section 2.11(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 and Swingline Loans. 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. 

  
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 Section 2.12 Payments Generally; Administrative Agent’s Clawback. 

(a) General. All payments to be made by the Borrower shall be made free and clear of and without condition or deduction for any
counterclaim, defense, recoupment or setoff. Except as otherwise expressly provided herein, all payments by the Borrower hereunder shall be made to the Administrative Agent, for the account of the respective Lenders to which such payment is owed, at
the Administrative Agent’s Office in Dollars and in immediately available funds not later than 2:00 p.m. on the date specified herein. The Administrative Agent will promptly distribute to each Lender its Applicable Percentage in respect of the
relevant Facility (or other applicable share as provided herein) of such payment in like funds as received by wire transfer to such Lender’s Lending Office. All payments received by the Administrative Agent after 2:00 p.m. shall be deemed
received on the next succeeding Business Day and any applicable interest or fee shall continue to accrue. Subject to Section 2.07(a) and as otherwise specifically provided for 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 the case may be. 

(b) (i) Funding by Lenders; Presumption by Administrative Agent. Unless the Administrative Agent shall have received notice
from a Lender prior to the proposed date of any Borrowing of Eurodollar Rate Loans (or, in the case of any Borrowing of Base Rate Loans, prior to 12:00 noon on the date of such 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 2.02 (or, in the case of a Borrowing of Base Rate Loans,
that such Lender has made such share available in accordance with and at the time required by Section 2.02) 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, plus any administrative, processing or similar fees customarily charged by the
Administrative Agent in connection with the foregoing, and (B) in the case of a payment to be made by the Borrower, the interest rate applicable to Base Rate 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 L/C 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 Appropriate Lenders or the L/C 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 Appropriate Lenders or the L/C Issuer, as the case may be, severally agrees to repay to the Administrative Agent forthwith on demand the amount so distributed to such
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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. 
 (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 Revolving Loans, to fund participations in
Letters of Credit and Swingline Loans and to make payments pursuant to Section 11.04(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 11.04(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 11.04(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. 

Section 2.13 Sharing of Payments by Lenders. 
 If any Lender shall, by exercising any right of setoff or counterclaim or otherwise, obtain payment in respect of (a) Obligations in respect of any of the Facility due and payable to such Lender
hereunder and under the other Loan Documents at such time in excess of its ratable share (according to the proportion of (i) the amount of such Obligations due and payable to such Lender at such time to (ii) the aggregate amount of the
Obligations in respect of the Facility due and payable to all Lenders hereunder and under the other Loan Documents at such time) of payments on account of the Obligations in respect of the Facility due and payable to all Lenders hereunder and under
the other Loan Documents at such time obtained by all the Lenders at such time or (b) Obligations in respect of any of the Facility owing (but not due and payable) to such Lender hereunder and under the other Loan Documents at such time in
excess of its ratable share (according to the proportion of (i) the amount of such Obligations owing (but not due and payable) to such Lender at such time to (ii) the aggregate amount of the Obligations in respect of the Facility owing
(but not due and payable) to all Lenders hereunder and under the other Loan Documents at such time) of payments on account of the Obligations in respect of the Facility owing (but not due and payable) to all Lenders hereunder and under the other
Loan Documents at such time obtained by all of the Lenders at such time, then, in each case under clauses (a) and (b) above, 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 L/C Obligations and Swingline Loans 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 Obligations in respect of the Facility then due and payable to the Lenders or owing (but not due and payable) to the Lenders, as the case may be, provided that:

 (1) 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 

  
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 (2) the provisions of this Section shall not be construed to apply to
(x) any payment made by or on behalf of the Borrower pursuant to and in accordance with the express terms of this Agreement (including the application of funds arising from the existence of a Defaulting Lender), (y) the application of Cash
Collateral provided for in Section 2.14, or (z) any payment obtained by a Lender as consideration for the assignment of or sale of a participation in any of its Loans or subparticipations in L/C Obligations or Swingline Loans to any
assignee or participant, other than an assignment to any Loan Party or any Affiliate thereof (as to which the provisions of this Section shall apply). 
 Each Loan Party 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 Loan Party rights of setoff and counterclaim with respect to such participation as fully as if such Lender were a direct creditor of such Loan Party in the amount of such participation. 

Section 2.14 Cash Collateral. 
 (a) Certain Credit Support Events. If (i) the L/C Issuer has honored any full or partial drawing request under any Letter of Credit and such drawing has resulted in an L/C Borrowing,
(ii) as of the Letter of Credit Expiration Date, any L/C Obligation for any reason remains outstanding, (iii) the Borrower shall be required to provide Cash Collateral pursuant to Section 2.05 or 8.02(c), or (iv) there shall
exist a Defaulting Lender, the Borrower shall immediately (in the case of clause (iii) above) or within one (1) Business Day (in all other cases) following any request by the Administrative Agent or the L/C Issuer, provide Cash Collateral
in an amount not less than the applicable Minimum Collateral Amount (determined in the case of Cash Collateral provided pursuant to clause (iv) above, after giving effect to Section 2.15(a)(iv) and any Cash Collateral provided by the
Defaulting Lender). 
 (b) Grant of Security Interest. The Borrower, and to the extent provided by any Defaulting Lender,
such Defaulting Lender, hereby grants to (and subjects to the control of) the Administrative Agent, for the benefit of the Administrative Agent, the L/C Issuer and the Lenders, and agrees to maintain, a first priority security interest in all such
cash, deposit accounts and all balances therein, and all other property so provided as collateral pursuant hereto, and in all proceeds of the foregoing, all as security for the obligations to which such Cash Collateral may be applied pursuant to
Section 2.14(c). If at any time the Administrative Agent determines that Cash Collateral is subject to any right or claim of any Person other than the Administrative Agent or the L/C Issuer as herein provided, or that the total amount of such
Cash Collateral is less than the Minimum Collateral Amount, the Borrower will, promptly upon demand by the Administrative Agent, pay or provide to the Administrative Agent additional Cash Collateral in an amount sufficient to eliminate such
deficiency. All Cash Collateral (other than credit support not constituting funds subject to deposit) shall be maintained in one or more Cash Collateral Accounts at Bank of America. The Borrower shall pay on demand therefor from time to time all
customary account opening, activity and other administrative fees and charges in connection with the maintenance and disbursement of Cash Collateral. 
 (c) Application. Notwithstanding anything to the contrary contained in this Agreement, Cash Collateral provided under any of this Section 2.14 or Sections 2.03, 2.05, 2.15 or 8.02 in respect
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Letters of Credit shall be held and applied to the satisfaction of the specific L/C Obligations, obligations to fund participations therein (including, as to Cash Collateral provided by a Lender
that is a Defaulting Lender, any interest accrued on such obligation) and other obligations for which the Cash Collateral was so provided, prior to any other application of such property as may be provided for herein. 

(d) Release. Cash Collateral (or the appropriate portion thereof) provided to reduce Fronting Exposure or to secure other
obligations shall be released promptly following (i) the elimination of the applicable Fronting Exposure or other obligations giving rise thereto (including by the termination of Defaulting Lender status of the applicable Lender (or, as
appropriate, its assignee following compliance with Section 11.06(b)(vi))) or (ii) the determination by the Administrative Agent and the L/C Issuer that there exists excess Cash Collateral; provided, however, (A) any
such release shall be without prejudice to, and any disbursement or other transfer of Cash Collateral shall be and remain subject to, any other Lien conferred under the Loan Documents and the other applicable provisions of the Loan Documents, and
(B) the Person providing Cash Collateral and the L/C Issuer may agree that Cash Collateral shall not be released but instead held to support future anticipated Fronting Exposure or other obligations. 

Section 2.15 Defaulting Lenders. 
 (a) Adjustments. Notwithstanding anything to the contrary contained in this Agreement, if any Lender becomes a Defaulting Lender, then, until such time as that Lender is no longer a Defaulting
Lender, to the extent permitted by applicable Law: 
 (i) Waivers and Amendments. Such Defaulting Lender’s right to
approve or disapprove any amendment, waiver or consent with respect to this Agreement shall be restricted as set forth in the definition of “Required Lenders” and Section 11.01. 

(ii) Defaulting Lender Waterfall. Any payment of principal, interest, fees or other amounts received by the Administrative Agent
for the account of such Defaulting Lender (whether voluntary or mandatory, at maturity, pursuant to Article VIII or otherwise) or received by the Administrative Agent from a Defaulting Lender pursuant to Section 11.08 shall be applied at such
time or times as may be determined by the Administrative Agent as follows: first, to the payment of any amounts owing by such Defaulting Lender to the Administrative Agent hereunder; second, to the payment on a pro rata basis of any
amounts owing by such Defaulting Lender to the L/C Issuer or Swingline Lender hereunder; third, to Cash Collateralize the L/C Issuer’s Fronting Exposure with respect to such Defaulting Lender in accordance with Section 2.14;
fourth, as the Borrower may request (so long as no Default or Event of Default exists), to the funding of any Loan 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; fifth, if so determined by the Administrative Agent and the Borrower, to be held in a deposit account and released pro rata in order to (A) satisfy such Defaulting Lender’s potential future funding
obligations with respect to Loans under this Agreement and (B) Cash Collateralize the L/C Issuer’s future Fronting Exposure with respect to such Defaulting Lender with respect to future Letters of Credit issued under this Agreement, in
accordance with Section 2.14; sixth, to the payment of any amounts owing to the Lenders, the L/C Issuer or Swingline Lender as a result of any judgment of a court of competent jurisdiction obtained by any Lender, the L/C Issuer or the
Swingline Lender against such Defaulting Lender as a result of such Defaulting Lender’s breach of its obligations under this Agreement; seventh, so long as no Default or Event of Default exists, to the payment of any amounts owing to the
Borrower as a result of any judgment of a court of competent jurisdiction obtained by the Borrower against such Defaulting Lender as a result of such Defaulting Lender’s breach of its obligations under this Agreement; and eighth, to such
Defaulting Lender or as otherwise as may be required under the Loan Documents in connection with any Lien conferred thereunder or directed by a court of competent jurisdiction; provided that, if (1)


  
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such payment is a payment of the principal amount of any Loans or L/C Borrowings in respect of which such Defaulting Lender has not fully funded its appropriate share, and (2) such Loans
were made or the related Letters of Credit were issued at a time when the conditions set forth in Section 4.02 were satisfied or waived, such payment shall be applied solely to pay the Loans of, and L/C Obligations owed to, all Non-Defaulting
Lenders on a pro rata basis prior to being applied to the payment of any Loans of, or L/C Obligations owed to, such Defaulting Lender until such time as all Loans and funded and unfunded participations in L/C Obligations and Swingline Loans are held
by the Lenders pro rata in accordance with the Commitments hereunder without giving effect to Section 2.15(a)(v). Any payments, prepayments or other amounts paid or payable to a Defaulting Lender that are applied (or held) to pay amounts owed
by a Defaulting Lender or to post Cash Collateral pursuant to this Section 2.15(a)(ii) shall be deemed paid to and redirected by such Defaulting Lender, and each Lender irrevocably consents hereto. 

(iii) Certain Fees. 
 (A) Fees. No Defaulting Lender shall be entitled to receive any fee payable under Section 2.09 for any period during which that Lender is a Defaulting Lender (and the Borrower shall not be
required to pay any such fee that otherwise would have been required to have been paid to that Defaulting Lender). 
 (B)
Letter of Credit Fees. Each Defaulting Lender shall be entitled to receive Letter of Credit Fees for any period during which that Lender is a Defaulting Lender only to the extent allocable to its Applicable Revolving Percentage of the stated
amount of Letters of Credit for which it has provided Cash Collateral pursuant to Section 2.14. 
 (C) Defaulting
Lender Fees. With respect to any Letter of Credit Fee not required to be paid to any Defaulting Lender pursuant to clause (A) or (B) above, the Borrower shall (1) pay to each Non-Defaulting Lender that portion of any such fee
otherwise payable to such Defaulting Lender with respect to such Defaulting Lender’s participation in L/C Obligations or Swingline Loans that has been reallocated to such Non-Defaulting Lender pursuant to clause (iv) below, (2) pay to
the L/C Issuer and Swingline Lender, as applicable, the amount of any such fee otherwise payable to such Defaulting Lender to the extent allocable to such L/C Issuer’s or Swingline Lender’s Fronting Exposure to such Defaulting Lender, and
(3) not be required to pay the remaining amount of any such fee. 
 (iv) Reallocation of Applicable Revolving
Percentages to Reduce Fronting Exposure. All or any part of such Defaulting Lender’s participation in L/C Obligations and Swingline Loans shall be reallocated among the Non-Defaulting Lenders in accordance with their respective Applicable
Revolving Percentages (calculated without regard to such Defaulting Lender’s Commitment) but only to the extent that (A) the conditions set forth in Section 4.02 are satisfied at the time of such reallocation (and, unless the Borrower
shall have otherwise notified the Administrative Agent at such time, the Borrower shall be deemed to have represented and warranted that such conditions are satisfied at such time), and (B) such reallocation does not cause the aggregate
Revolving Exposure of any Non-Defaulting Lender to exceed such Non-Defaulting Lender’s Commitment. No reallocation hereunder shall constitute a waiver or release of any claim of any party hereunder against a Defaulting Lender arising from that
Lender having become a Defaulting Lender, including any claim of a Non-Defaulting Lender as a result of such Non-Defaulting Lender’s increased exposure following such reallocation. 

(v) Cash Collateral, Repayment of Swingline Loans. If the reallocation described in clause (a)(iv) above cannot, or can only
partially, be effected, the Borrower shall, without prejudice to any right or remedy available to it hereunder or under applicable Law, (A) first, prepay Swingline Loans in an amount equal to the Swingline Lender’s Fronting Exposure and
(B) second, Cash Collateralize the L/C Issuer’s Fronting Exposure in accordance with the procedures set forth in Section 2.14. 

  
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 (b) Defaulting Lender Cure. If the Borrower, the Administrative Agent, Swingline
Lender and the L/C Issuer agree in writing that a Lender is no longer a Defaulting Lender, the Administrative Agent will so notify the parties hereto, whereupon as of the effective date specified in such notice and subject to any conditions set
forth therein (which may include arrangements with respect to any Cash Collateral), that Lender will, to the extent applicable, purchase at par that portion of outstanding Loans of the other Lenders or take such other actions as the Administrative
Agent may determine to be necessary to cause the Loans and funded and unfunded participations in Letters of Credit and Swingline Loans to be held on a pro rata basis by the Lenders in accordance with their Applicable Percentages (without giving
effect to Section 2.15(a)(iv)), whereupon such Lender will cease to be a Defaulting Lender; provided that, no adjustments will be made retroactively with respect to fees accrued or payments made by or on behalf of the Borrower while that
Lender was a Defaulting Lender; and provided, further, that except to the extent otherwise expressly agreed by the affected parties, no change hereunder from Defaulting Lender to Lender will constitute a waiver or release of any claim
of any party hereunder arising from that Lender’s having been a Defaulting Lender. 
 Section 2.16 Increase in Facility.

 (a) Request for Increase. Provided there exists no Default, upon notice to the Administrative Agent (which shall
promptly notify the Revolving Lenders), the Borrower may from time to time, request an increase in the Facility so long as the Facility (“Incremental Facility”), after taking into account all such requests, does not exceed
$250,000,000; provided that (i) any such request for an Incremental Facility shall be in a minimum amount of $15,000,000 and in increments of $5,000,000 in excess thereof, and (ii) the Borrower may make a maximum of three
(3) such requests. At the time of sending such notice, the Borrower (in consultation with the Administrative Agent) shall specify the time period within which each Revolving Lender is requested to respond. 

(b) Lender Elections to Increase. Each Revolving Lender shall notify the Administrative Agent within such time period whether or
not it agrees to increase its Revolving Commitment and, if so, whether by an amount equal to, greater than, or less than its Applicable Revolving Percentage of such requested increase. Any Revolving Lender not responding within such time period
shall be deemed to have declined to increase its Revolving Commitment. 
 (c) Notification by Administrative Agent;
Additional Revolving Lenders. The Administrative Agent shall notify the Borrower and each Revolving Lender of the Revolving Lenders’ responses to each request made hereunder. To achieve the full amount of a requested increase, and subject
to the approval of the Administrative Agent, the L/C Issuer and the Swingline Lender (which approvals shall not be unreasonably withheld), the Borrower may also invite additional Eligible Assignees to become Revolving Lenders pursuant to a joinder
agreement (“New Revolving Lenders”) in form and substance satisfactory to the Administrative Agent and its counsel. 
 (d) Effective Date and Allocations. If the Facility is increased in accordance with this Section, the Administrative Agent and the Borrower shall determine the effective date (the
“Revolving Increase Effective Date”) and the final allocation of such increase. The Administrative Agent shall promptly notify the Borrower and the Revolving Lenders and the New Revolving Lenders of the final allocation of such
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 (e) Conditions to Effectiveness of Increase. As a condition precedent to such
increase, the Borrower shall deliver to the Administrative Agent a certificate of each Loan Party dated as of the Revolving Increase Effective Date (in sufficient copies for each Lender) signed by a Responsible Officer of such Loan Party
(i) certifying and attaching the resolutions adopted by such Loan Party approving or consenting to such increase, and (ii) in the case of the Borrower, certifying that, immediately before and after giving effect to the Incremental
Facility, (A) the representations and warranties contained in Article V and the other Loan Documents are true and correct, on and as of the Revolving Increase Effective Date, and except that for purposes of this Section 2.16, the
representations and warranties contained in subsections (a) and (b) of Section 5.05 shall be deemed to refer to the most recent statements furnished pursuant to clauses (a) and (b), respectively, of Section 6.01, and
(B) no Default exists. The Borrower shall deliver or cause to be delivered any other customary documents, (including, without limitation, legal opinions) as reasonably requested by the Administrative Agent in connection with any Incremental
Facility. The Borrower shall prepay any Revolving Loans outstanding on the Revolving Increase Effective Date (and pay any additional amounts required pursuant to Section 3.05) to the extent necessary to keep the outstanding Revolving Loans
ratable with any revised Applicable Revolving Percentages arising from any nonratable increase in the Revolving Commitments under this Section. 
 (f) Conflicting Provisions. This Section shall supersede any provisions in Section 2.13 or 11.01 to the contrary. 
 (g) Incremental Facility. Except as otherwise specifically set forth herein, all of the other terms and conditions applicable to such Incremental Facility shall be identical to the terms and
conditions applicable to the Facility. 
 ARTICLE III 

TAXES, YIELD PROTECTION AND ILLEGALITY 
 Section 3.01 Taxes. 
 (a) Payments Free of Taxes; Obligation
to Withhold; Payments on Account of Taxes. 
 (i) Any and all payments by or on account of any obligation of any Loan Party
under any Loan Document shall be made without deduction or withholding for any Taxes, except as required by applicable Laws. If any applicable Laws (as determined in the good faith discretion of the Administrative Agent) require the deduction or
withholding of any Tax from any such payment by the Administrative Agent or a Loan Party, then the Administrative Agent or such Loan Party shall be entitled to make such deduction or withholding, upon the basis of the information and documentation
to be delivered pursuant to subsection (e) below. 
 (ii) If any Loan Party or the Administrative Agent shall be required
by the Code to withhold or deduct any Taxes, including both United States federal backup withholding and withholding taxes, from any payment, then (A) the Administrative Agent shall withhold or make such deductions as are determined by the
Administrative Agent to be required based upon the information and documentation it has received pursuant to subsection (e) below, (B) the Administrative Agent shall timely pay the full amount withheld or deducted to the relevant
Governmental Authority in accordance with the Code, and (C) to the extent that the withholding or deduction is made on account of Indemnified Taxes, the sum payable by the applicable Loan Party shall be increased as necessary so that after any
required withholding or the making of all required deductions (including deductions applicable to additional sums payable under this Section 3.01) the applicable Recipient receives an amount equal to the sum it would have received had no such
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 (iii) If any Loan Party or the Administrative Agent shall be required by any applicable Laws
other than the Code to withhold or deduct any Taxes from any payment, then (A) such Loan Party or the Administrative Agent, as required by such Laws, shall withhold or make such deductions as are determined by it to be required based upon the
information and documentation it has received pursuant to subsection (e) below, (B) such Loan Party or the Administrative Agent, to the extent required by such Laws, shall timely pay the full amount withheld or deducted to the relevant
Governmental Authority in accordance with such Laws, and (C) to the extent that the withholding or deduction is made on account of Indemnified Taxes, the sum payable by the applicable Loan Party shall be increased as necessary so that after any
required withholding or the making of all required deductions (including deductions applicable to additional sums payable under this Section 3.01) the applicable Recipient receives an amount equal to the sum it would have received had no such
withholding or deduction been made. 
 (b) Payment of Other Taxes by the Loan Parties. Without limiting the provisions of
subsection (a) above, the Loan Parties shall timely pay to the relevant Governmental Authority in accordance with applicable law, or at the option of the Administrative Agent timely reimburse it for the payment of, any Other Taxes. 

(c) Tax Indemnifications. 
 (i) Each of the Loan Parties shall, and does hereby, jointly and severally indemnify each Recipient, and shall make payment in respect thereof within ten (10) days after demand therefor, for the full
amount of any Indemnified Taxes (including Indemnified Taxes imposed or asserted on or attributable to amounts payable under this Section 3.01) payable or paid by such Recipient or required to be withheld or deducted from a payment to such
Recipient, and any penalties, interest and reasonable expenses arising therefrom or with respect thereto, whether or not such Indemnified 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 L/C 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 L/C Issuer, shall be
conclusive absent manifest error. Each of the Loan Parties shall also, and does hereby, jointly and severally indemnify the Administrative Agent, and shall make payment in respect thereof within ten (10) days after demand therefor, for any
amount which a Lender or the L/C Issuer for any reason fails to pay indefeasibly to the Administrative Agent as required pursuant to Section 3.01(c)(ii) below. 
 (ii) Each Lender and the L/C Issuer shall, and does hereby, severally indemnify and shall make payment in respect thereof within ten (10) days after demand therefor, (A) the Administrative Agent
against any Indemnified Taxes attributable to such Lender or the L/C Issuer (but only to the extent that any Loan Party has not already indemnified the Administrative Agent for such Indemnified Taxes and without limiting the obligation of the Loan
Parties to do so), (B) the Administrative Agent and the Loan Parties, as applicable, against any Taxes attributable to such Lender’s failure to comply with the provisions of Section 11.06(d) relating to the maintenance of a
Participant Register and (C) the Administrative Agent and the Loan Parties, as applicable, against any Excluded Taxes attributable to such Lender or the L/C Issuer, in each case, that are payable or paid by the Administrative Agent or a Loan
Party in connection with any Loan Document, and any 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
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Lender by the Administrative Agent shall be conclusive absent manifest error. Each Lender and the L/C Issuer hereby authorizes the Administrative Agent to set off and apply any and all amounts at
any time owing to such Lender or the L/C Issuer, as the case may be, under this Agreement or any other Loan Document against any amount due to the Administrative Agent under this clause (ii). 

(d) Evidence of Payments. Upon request by the Borrower or the Administrative Agent, as the case may be, after any payment of Taxes
by any Loan Party or by the Administrative Agent to a Governmental Authority as provided in this Section 3.01, the Borrower shall deliver to the Administrative Agent or the Administrative Agent shall deliver to the Borrower, as the case may be,
the original or a certified copy of a receipt issued by such Governmental Authority evidencing such payment, a copy of any return required by Laws to report such payment or other evidence of such payment reasonably satisfactory to the Borrower or
the Administrative Agent, as the case may be. 
 (e) Status of Lenders; Tax Documentation. 

(i) Any Lender that is entitled to an exemption from or reduction of withholding Tax with respect to payments made under any Loan
Document shall deliver to the Borrower and the Administrative Agent, at the time or times reasonably requested by the Borrower or the Administrative Agent, such properly completed and executed documentation reasonably requested by the Borrower or
the Administrative Agent as will permit such payments to be made without withholding or at a reduced rate of withholding. In addition, any Lender, if reasonably 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. Notwithstanding anything to the contrary in the preceding two sentences, the completion, execution and submission of such documentation (other than such documentation set forth in Section 3.01(e)(ii)(A),
(ii)(B) and (ii)(D) below) shall not be required if in the Lender’s reasonable judgment such completion, execution or submission would subject such Lender to any material unreimbursed cost or expense or would materially prejudice the legal or
commercial position of such Lender. 
 (ii) Without limiting the generality of the foregoing, in the event that the Borrower is
a U.S. Person, 
 (A) any Lender that is a U.S. Person shall deliver to the Borrower and the Administrative Agent 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), properly completed and executed originals of IRS Form W-9 certifying
that such Lender is exempt from U.S. federal backup withholding tax; 
 (B) any Foreign Lender shall, to the extent it is
legally entitled to do so, 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 reasonable request of the Borrower or the Administrative Agent), whichever of the following is applicable: 
 (1) 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, properly
completed and executed originals of IRS 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


  
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applicable payments under any Loan Document, properly completed and executed originals of IRS 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; 
 (2) properly completed and executed originals of IRS Form W-8ECI; 

(3) 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 L-1 to the effect that such Foreign Lender is not a “bank” within the meaning of Section 881(c)(3)(A) of the Code, a “10 percent
shareholder” of the Borrower within the meaning of Section 881(c)(3)(B) of the Code, or a “controlled foreign corporation” described in Section 881(c)(3)(C) of the Code (a “U.S. Tax Compliance Certificate”)
and (y) properly completed and executed originals of IRS Form W-8BEN; or 
 (4) to the extent a Foreign
Lender is not the beneficial owner, executed originals of IRS Form W-8IMY from the Foreign Lender, accompanied by IRS Form W-8ECI, IRS Form W-8BEN, a U.S. Tax Compliance Certificate substantially in the form of Exhibit L-2 or Exhibit
L-3, properly completed and executed originals of IRS Form W-9 and/or IRS Form W-8IMY, and/or other required documents from each intermediary and direct or indirect 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 L-4 on behalf of each such direct and indirect partner; 
 (C) any Foreign Lender
shall, to the extent it is legally entitled to do so, 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 reasonable request of the Borrower or the Administrative Agent), executed originals of any other form prescribed by applicable Law as a basis for claiming exemption from or a reduction in
U.S. federal withholding Tax, duly completed, together with such supplementary documentation as may be prescribed by applicable Law to permit the Borrower or the Administrative Agent to determine the withholding or deduction required to be made; and

 (D) 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 (D), “FATCA” shall include any amendments made to FATCA after the date of
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 (iii) The Administrative Agent and each Lender agrees that if any form or certification it
previously delivered pursuant to this Section 3.01 expires or becomes obsolete or inaccurate in any respect, it shall provide a new form or certification on or before the next Interest Payment Date or promptly notify the Borrower and the
Administrative Agent, as the case may be, in writing of its legal inability to do so. 
 (f) Treatment of Certain
Refunds. Unless required by applicable Laws, at no time shall the Administrative Agent have any obligation to file for or otherwise pursue on behalf of a Lender or the L/C Issuer, or have any obligation to pay to any Lender or the L/C Issuer,
any refund of Taxes withheld or deducted from funds paid for the account of such Lender or the L/C Issuer, as the case may be. If any Recipient determines, in its sole discretion exercised in good faith, that it has received a refund of any Taxes as
to which it has been indemnified by any Loan Party or with respect to which any Loan Party has paid additional amounts pursuant to this Section 3.01, it shall pay to such Loan Party an amount equal to such refund (but only to the extent of
indemnity payments made, or additional amounts paid, by such Loan Party under this Section 3.01 with respect to the Taxes giving rise to such refund), net of all out-of-pocket expenses (including Taxes) incurred by such Recipient, 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, each Loan Party, upon the request of the Recipient, agrees to repay the amount paid over to such
Loan Party (plus any penalties, interest or other charges imposed by the relevant Governmental Authority) to the Recipient in the event the Recipient is required to repay such refund to such Governmental Authority. Notwithstanding anything to the
contrary in this subsection, in no event will the applicable Recipient be required to pay any amount to such Loan Party pursuant to this subsection the payment of which would place the Recipient in a less favorable net after-Tax position than such
Recipient would have been in if the Tax subject to indemnification and giving rise to such refund had not been deducted, withheld or otherwise imposed and the indemnification payments or additional amounts with respect to such Tax had never been
paid. This subsection shall not be construed to require the Recipient to make available its tax returns (or any other information relating to its taxes that it deems confidential) to any Loan Party or any other Person. 

(g) Survival. Each party’s obligations under this Section 3.01 shall survive the resignation or replacement of the
Administrative Agent or any assignment of rights by, or the replacement of, a Lender or the L/C Issuer, the termination of the Commitments and the repayment, satisfaction or discharge of all other Obligations. 

Section 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 Lending Office to make, maintain or fund Loans whose
interest is determined by reference to the Eurodollar Rate, or to determine or charge interest rates based upon the Eurodollar 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, (a) any obligation of such Lender to make or continue Eurodollar Rate Loans or to convert
Base Rate Loans to Eurodollar Rate Loans shall be suspended, and (b) if such notice asserts the illegality of such Lender making or maintaining Base Rate Loans the interest rate on which is determined by reference to the Eurodollar Rate
component of the Base Rate, the interest rate on which Base Rate Loans of such Lender shall, if necessary to avoid such illegality, be determined by the Administrative Agent without reference to the Eurodollar Rate component of the Base Rate, in
each case 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, (i) the Borrower shall, upon demand from such Lender (with a
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the Administrative Agent), prepay or, if applicable, convert all Eurodollar Rate Loans of such Lender to Base Rate Loans (the interest rate on which Base Rate Loans of such Lender shall, if
necessary to avoid such illegality, be determined by the Administrative Agent without reference to the Eurodollar Rate component of the Base Rate), either on the last day of the Interest Period therefor, if such Lender may lawfully continue to
maintain such Eurodollar Rate Loans to such day, or immediately, if such Lender may not lawfully continue to maintain such Eurodollar Rate Loans and (ii) if such notice asserts the illegality of such Lender determining or charging interest
rates based upon the Eurodollar Rate, the Administrative Agent shall during the period of such suspension compute the Base Rate applicable to such Lender without reference to the Eurodollar Rate component thereof until the Administrative Agent is
advised in writing by such Lender that it is no longer illegal for such Lender to determine or charge interest rates based upon the Eurodollar Rate. Upon any such prepayment or conversion, the Borrower shall also pay accrued interest on the amount
so prepaid or converted. 
 Section 3.03 Inability to Determine Rates. 

If the Required Lenders determine that for any reason in connection with any request for a Eurodollar Rate 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 Rate Loan, (b) adequate and reasonable means do not
exist for determining the Eurodollar Rate for any requested Interest Period with respect to a proposed Eurodollar Rate Loan or in connection with an existing or proposed Base Rate Loan, or (c) the Eurodollar Rate for any requested Interest
Period with respect to a proposed Eurodollar Rate 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, (i) the
obligation of the Lenders to make or maintain Eurodollar Rate Loans shall be suspended, and (ii) in the event of a determination described in the preceding sentence with respect to the Eurodollar Rate component of the Base Rate, the utilization
of the Eurodollar Rate component in determining the Base Rate shall be suspended, in each case until the Administrative Agent (upon the instruction of the Required 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 Rate Loans or, failing that, will be deemed to have converted such request into a request for a Borrowing of Base Rate Loans in the amount specified therein.

 Section 3.04 Increased Costs; Reserves on Eurodollar Rate 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 (except any reserve requirement contemplated by Section 3.04(e)) or the L/C Issuer; 

(ii) subject any Recipient to any Taxes (other than (A) Indemnified Taxes, (B) Taxes described in clauses (b) through
(d) of the definition of Excluded Taxes and (C) Connection Income Taxes) on its loans, loan principal, letters of credit, commitments, or other obligations, or its deposits, reserves, other liabilities or capital attributable thereto; or

 (iii) impose on any Lender or the L/C Issuer or the London interbank market any other condition, cost or expense affecting
this Agreement or Eurodollar Rate Loans made by such Lender or any Letter of Credit or participation therein; 

  
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 and the result of any of the foregoing shall be to increase the cost to such Lender of making, converting
to, continuing or maintaining any Loan the interest on which is determined by reference to the Eurodollar Rate (or of maintaining its obligation to make any such Loan), or to increase the cost to such Lender or the L/C 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 or the L/C Issuer hereunder (whether of
principal, interest or any other amount) then, upon request of such Lender or the L/C Issuer, the Borrower will pay to such Lender or the L/C Issuer, as the case may be, such additional amount or amounts as will compensate such Lender or the L/C
Issuer, as the case may be, for such additional costs incurred or reduction suffered. 
 (b) Capital Requirements. If any
Lender or the L/C Issuer determines that any Change in Law affecting such Lender or the L/C Issuer or any Lending Office of such Lender or such Lender’s or the L/C 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 L/C Issuer’s capital or on the capital of such Lender’s or the L/C 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 or Swingline Loans held by, such Lender, or the Letters of Credit issued by the L/C Issuer, to a level below that which such Lender or the L/C
Issuer or such Lender’s or the L/C Issuer’s holding company could have achieved but for such Change in Law (taking into consideration such Lender’s or the L/C Issuer’s policies and the policies of such Lender’s or the L/C
Issuer’s holding company with respect to capital adequacy), then from time to time the Borrower will pay to such Lender or the L/C Issuer, as the case may be, such additional amount or amounts as will compensate such Lender or the L/C Issuer or
such Lender’s or the L/C Issuer’s holding company for any such reduction suffered. 
 (c) Certificates for
Reimbursement. A certificate of a Lender or the L/C Issuer setting forth the amount or amounts necessary to compensate such Lender or the L/C Issuer or its holding company, as the case may be, as specified in subsection (a) or (b) of
this Section and delivered to the Borrower shall be conclusive absent manifest error. The Borrower shall pay such Lender or the L/C Issuer, as the case may be, the amount shown as due on any such certificate within ten (10) days after receipt
thereof. 
 (d) Delay in Requests. Failure or delay on the part of any Lender or the L/C Issuer to demand compensation
pursuant to the foregoing provisions of this Section 3.04 shall not constitute a waiver of such Lender’s or the L/C Issuer’s right to demand such compensation; provided that, the Borrower shall not be required to compensate a
Lender or the L/C Issuer pursuant to the foregoing provisions of this Section for any increased costs incurred or reductions suffered more than nine (9) months prior to the date that such Lender or the L/C 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 L/C 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 (9) month period referred to above shall be extended to include the period of retroactive effect thereof). 
 (e) Reserves on Eurodollar Rate Loans. The Borrower shall pay to each Lender, as long as such Lender shall be required to maintain reserves with respect to liabilities or assets consisting of or
including Eurocurrency funds or deposits (currently known as “Eurocurrency liabilities”), additional interest on the unpaid principal amount of each Eurodollar Rate Loan equal to the actual costs of such reserves allocated to such Loan by
such Lender (as determined by such Lender in good faith, which determination shall be conclusive), which shall be due and payable on each date on which interest is payable on such Loan, provided the Borrower shall have received at least ten
(10) days’ prior notice (with a copy to the Administrative Agent) of such additional interest from such Lender. If a Lender fails to give notice ten (10) days prior to the relevant Interest Payment Date, such additional interest shall
be due and payable ten (10) days from receipt of such notice. 

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

(b) any failure by the Borrower (for a reason other than the failure of such Lender to make a Loan) to prepay, borrow, continue or
convert any Loan other than a Base Rate Loan on the date or in the amount notified by the Borrower; or 
 (c) any assignment of
a Eurodollar Rate Loan on a day other than the last day of the Interest Period therefor as a result of a request by the Borrower pursuant to Section 11.13; 
 including any loss of anticipated profits and any loss or expense arising from the liquidation or reemployment of funds obtained by it to maintain such Loan or from fees payable to terminate the deposits
from which such funds were obtained. The Borrower shall also pay any customary administrative fees charged by such Lender in connection with the foregoing. 
 For purposes of calculating amounts payable by the Borrower to the Lenders under this Section 3.05, each Lender shall be deemed to have funded each Eurodollar Rate Loan made by it at the Eurodollar
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 Rate Loan was in fact so funded. 

Section 3.06 Mitigation Obligations; Replacement of Lenders. 
 (a) Designation of a Different Lending Office. If any Lender requests compensation under Section 3.04, or requires the Borrower to pay any Indemnified Taxes or additional amounts to any
Lender, the L/C Issuer, or any Governmental Authority for the account of any Lender or the L/C Issuer pursuant to Section 3.01, or if any Lender gives a notice pursuant to Section 3.02, then at the request of the Borrower, such Lender or
the L/C Issuer shall, as applicable, 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 or the L/C Issuer, such designation or assignment (i) 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 (ii) in each case, would not subject such Lender or the L/C Issuer, as the case may be, to any unreimbursed cost or expense and would not otherwise be disadvantageous to such Lender or the L/C
Issuer, as the case may be. The Borrower hereby agrees to pay all reasonable costs and expenses incurred by any Lender or the L/C Issuer in connection with any such designation or assignment. 

(b) Replacement of Lenders. If any Lender requests compensation under Section 3.04, or if the Borrower is required to pay any
Indemnified Taxes or additional amounts to any Lender or any Governmental Authority for the account of any Lender pursuant to Section 3.01 and, in each case, such Lender has declined or is unable to designate a different lending office in
accordance with Section 3.06(a), the Borrower may replace such Lender in accordance with Section 11.13. 

  
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 Section 3.07 Survival. 

All of the Borrower’s obligations under this Article III shall survive termination of the Aggregate Commitments, repayment of all
other Obligations hereunder, resignation of the Administrative Agent and the Facility Termination Date. 
 ARTICLE IV

 CONDITIONS PRECEDENT TO CREDIT EXTENSIONS 
 Section 4.01 Conditions of Initial Credit Extension. 
 The
obligation of the L/C Issuer and each Lender to make its initial Credit Extension hereunder is subject to satisfaction of the following conditions precedent: 
 (a) Execution of Credit Agreement; Loan Documents. The Administrative Agent shall have received (i) counterparts of this Agreement, executed by a Responsible Officer of each Loan Party and a
duly authorized officer of each Lender, (ii) for the account of each Lender requesting a Revolving Note, a Revolving Note executed by a Responsible Officer of the Borrower, (iii) counterparts (or reaffirmations, as applicable) of the
Security Agreement, each Mortgage and any related Mortgaged Property Support Document (if applicable) and each other Collateral Document, executed by a Responsible Officer of the applicable Loan Parties and a duly authorized officer of each other
Person party thereto, as applicable and (iv) counterparts (or reaffirmations, as applicable) of any other Loan Document, executed by a Responsible Officer of the applicable Loan Party and a duly authorized officer of each other Person party
thereto. 
 (b) Officer’s Certificate. The Administrative Agent shall have received a certificate of a Responsible
Officer (in substantially the form of Exhibit K attached hereto) dated the Closing Date, certifying as to the Organization Documents of each Loan Party (which, to the extent filed with a Governmental Authority, shall be certified as of a
recent date by such Governmental Authority), the resolutions of the governing body of each Loan Party, the good standing, existence or its equivalent of each Loan Party and of the incumbency (including specimen signatures) of the Responsible
Officers of each Loan Party. 
 (c) Legal Opinions of Counsel. The Administrative Agent shall have received an opinion or
opinions of counsel for the Loan Parties, dated the Closing Date and addressed to the Administrative Agent and the Lenders, in form and substance acceptable to the Administrative Agent. 

(d) Reserved. 
 (e) Personal Property Collateral. The Administrative Agent shall have received, in form and substance satisfactory to the Administrative Agent: 

(i) (A) searches of UCC filings in the jurisdiction of incorporation or formation, as applicable, of each Loan Party and each
jurisdiction where a filing would need to be made in order to perfect the Administrative Agent’s security interest in the Collateral, copies of the financing statements on file in such jurisdictions and evidence that no Liens exist other than
Permitted Liens and (B) tax lien, judgment and bankruptcy searches; 

  
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 (ii) Reserved; 
 (iii) stock or membership certificates, if any, evidencing the Pledged Equity and undated stock or transfer powers duly executed in blank; in each case to the extent such Pledged Equity is certificated
under Article 8 of the UCC; 
 (iv) to the extent required to be delivered pursuant to the terms of the Collateral Documents,
all instruments, documents and chattel paper in the possession of any of the Loan Parties, together with allonges or assignments as may be necessary or appropriate to perfect the Administrative Agent’s and the Lenders’ security interest in
the Collateral; and 
 (v) Qualifying Control Agreements satisfactory to the Administrative Agent to the extent required to be
delivered pursuant to Section 6.14. 
 (f) Liability, Property, Terrorism and Business Interruption Insurance. The
Administrative Agent shall have received copies of insurance policies (with premiums, rates and other proprietary information redacted), declaration pages as they become available, certificates, and endorsements of insurance or insurance binders
(with premiums, rates and other proprietary information redacted) evidencing liability, casualty, property, with terrorism and business interruption insurance meeting the requirements set forth herein or in the Collateral Documents or as required by
the Administrative Agent. The Loan Parties shall have delivered to the Administrative Agent an Authorization to Share Insurance Information in substantially the form of Exhibit P (or such other form as required by each of the Loan
Parties’ insurance companies). 
 (g) Solvency Certificate. The Administrative Agent shall have received a Solvency
Certificate signed by a Responsible Officer of the Borrower as to the financial condition, solvency and related matters of the Borrower and its Subsidiaries on a Consolidated basis, after giving effect to the initial borrowings under the Loan
Documents and the other transactions contemplated hereby. 
 (h) Financial Condition Certificate. The Administrative
Agent shall have received a certificate or certificates executed by a Responsible Officer of the Borrower as of the Closing Date, as to certain financial matters, substantially in the form of Exhibit O. 

(i) Material Contracts. The Administrative Agent or its counsel shall have received true and complete copies, certified by an
officer of the Borrower as true and complete, of all Material Contracts, together with all exhibits and schedules. [***]. 
 (j)
Borrowing Notice. The Administrative Agent shall have received a Borrowing Notice with respect to the Loans to be made on the Closing Date. 
 (k) Reserved. 
 (l) Consents. All boards of directors, governmental,
shareholder and material third party consents and approvals necessary in connection with the entering into of this Agreement shall have been obtained. 

  
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 (m) Fees and Expenses. The Administrative Agent and the Lenders shall have received
all fees and expenses, if any, owing pursuant to the Fee Letter and Section 2.09. 
 (n) Due Diligence. The Lenders
shall have completed a due diligence investigation of the Borrower and its Subsidiaries in scope, and with results, satisfactory to the Lenders, including but not limited to due diligence with respect to the Tax Equity Commitments and Available
Take-Out. 
 (o) Borrowing Base Certificate. Administrative Agent and Lenders shall have received a completed Borrowing
Base Certificate together with a Back-Log Spreadsheet and a Take-Out Spreadsheet and other supporting information, each prepared as of the Closing Date, duly certified by the chief executive officer, chief financial officer, treasurer or controller
of the Borrower. 
 (p) Reserved. 
 (q) Flow of Funds. Administrative Agent shall have received all documents and confirmations (including Payment Direction Letters) reasonably deemed necessary by Administrative Agent to confirm that
the net fundings Available Take-Out from Tax Equity Investors will be paid directly to Borrower from such wholly-owned Excluded Subsidiary to which such Available Take-Out is due. 
 Without limiting the generality of the provisions of the last paragraph of Section 9.03, for purposes of determining compliance with the conditions specified in this Section, each Lender that has
signed this Agreement shall be deemed to have consented to, approved or accepted or to be satisfied with, each document or other matter 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 Closing Date specifying its objection thereto. 

Section 4.02 Conditions to all Credit Extensions. 
 The obligation of each Lender and the L/C Issuer to honor any Request for Credit Extension is subject to the following conditions precedent: 

(a) Representations and Warranties. The representations and warranties of the Borrower and each other Loan Party contained in
Article II, Article V or any other Loan Document, shall (i) with respect to representations and warranties that contain a materiality qualification, be true and correct on and as of the date of such Credit Extension and (ii) with respect
to representations and warranties that do not contain a materiality qualification, be true and correct in all material respects on and as of the date of such Credit Extension, and except that for purposes of this Section 4.02, the
representations and warranties contained in Sections 5.05(a) and (b) shall be deemed to refer to the most recent statements furnished pursuant to Sections 6.01(a) and (b), respectively. 

(b) Default. No Default shall exist, or would result from such proposed Credit Extension or from the application of the proceeds
thereof. 
 (c) Request for Credit Extension. The Administrative Agent and, if applicable, the L/C Issuer or the
Swingline Lender shall have received a Request for Credit Extension in accordance with the requirements hereof. 

  
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 Each Request for Credit Extension submitted by the Borrower shall be deemed to be a representation and
warranty that the conditions specified in Sections 4.02(a) and (b) have been satisfied on and as of the date of the applicable Credit Extension. 
 ARTICLE V 
 REPRESENTATIONS AND WARRANTIES 

Each Loan Party represents and warrants to the Administrative Agent and the Lenders, as of the date made or deemed made, that:

 Section 5.01 Existence, Qualification and Power. 
 Each Loan Party and each of its Subsidiaries (a) is duly organized or formed, validly existing and, as applicable, in good standing under the Laws of the jurisdiction of its incorporation or
organization, (b) has all requisite power and authority and all requisite governmental licenses, authorizations, consents and approvals to (i) own or lease its assets and carry on its business and (ii) execute, deliver and perform its
obligations under the Loan Documents to which it is a party, and (c) is duly qualified and is licensed and, as applicable, in good standing under the Laws of each jurisdiction where its ownership, lease or operation of properties or the conduct
of its business requires such qualification or license; except in each case referred to in clause (b)(i) or (c), to the extent that failure to do so could not reasonably be expected to have a Material Adverse Effect. The copy of the Organization
Documents of each Loan Party provided to the Administrative Agent pursuant to the terms of this Agreement is a true and correct copy of each such document, each of which is valid and in full force and effect. 

Section 5.02 Authorization; No Contravention. 
 The execution, delivery and performance by each Loan Party of each Loan Document to which such Person is or is to be a party have been duly authorized by all necessary corporate or other organizational
action, and do not and will not (a) contravene the terms of any of such Person’s Organization Documents; (b) conflict with or result in any breach or contravention of, or the creation of any Lien under, or require any payment to be
made under (i) any Contractual Obligation to which such Person is a party or affecting such Person or the properties of such Person or any of its Subsidiaries or (ii) any order, injunction, writ or decree of any Governmental Authority or
any arbitral award to which such Person or its property is subject; or (c) violate any Law. 
 Section 5.03 Governmental
Authorization; Other Consents. 
 No approval, consent, exemption, authorization, or other action by, or notice to, or
filing with, any Governmental Authority or any other Person is necessary or required in connection with (a) the execution, delivery or performance by, or enforcement against, any Loan Party of this Agreement or any other Loan Document,
(b) the grant by any Loan Party of the Liens granted by it pursuant to the Collateral Documents, (c) the perfection or maintenance of the Liens created under the Collateral Documents (including the first priority nature thereof) or
(d) the exercise by the Administrative Agent or any Lender of its rights under the Loan Documents or the remedies in respect of the Collateral pursuant to the Collateral Documents, other than (i) authorizations, approvals, actions, notices
and filings which have been duly obtained and (ii) filings to perfect the Liens created by the Collateral Documents. 

  
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 Section 5.04 Binding Effect. 

This Agreement has been, and each other Loan Document, when delivered hereunder, will have been, duly executed and delivered by each Loan
Party that is party thereto. This Agreement constitutes, and each other Loan Document when so delivered will constitute, a legal, valid and binding obligation of such Loan Party, enforceable against each Loan Party that is party thereto in
accordance with its terms, subject to applicable bankruptcy, insolvency, reorganization, moratorium or other laws affecting creditors’ rights generally and subject to general principals of equity. 

Section 5.05 Financial Statements; No Material Adverse Effect. 

(a) Audited Financial Statements. The Audited Financial Statements (i) were prepared in accordance with GAAP consistently
applied throughout the period covered thereby, except as otherwise expressly noted therein; (ii) fairly present the financial condition of the Borrower and its Subsidiaries as of the date thereof and their results of operations for the period
covered thereby in accordance with GAAP consistently applied throughout the period covered thereby, except as otherwise expressly noted therein; and (iii) show all material indebtedness and other liabilities, direct or contingent, of the
Borrower and its Subsidiaries as of the date thereof, including liabilities for taxes, material commitments and Indebtedness. 

(b) Quarterly Financial Statements. The unaudited Consolidated and consolidating balance sheets of the Borrower and its
Subsidiaries dated as of June 30, 2013, and the related Consolidated and consolidating statements of income or operations, shareholders’ equity and cash flows for the fiscal quarter ended on that date (i) were prepared in accordance
with GAAP consistently applied throughout the period covered thereby, except as otherwise expressly noted therein, and (ii) fairly present the financial condition of the Borrower and its Subsidiaries as of the date thereof and their results of
operations for the period covered thereby, subject, in the case of clauses (i) and (ii), to the absence of footnotes and to normal year-end audit adjustments. 
 (c) Material Adverse Effect. Since the date of the Audited Financial Statements (and, in addition, after delivery of the most recent annual audited financial statements in accordance with the terms
hereof, since the date of such annual audited financial statements), there has been no event or circumstance, either individually or in the aggregate, that has had or could reasonably be expected to have a Material Adverse Effect. 

Section 5.06 Litigation. 
 There are no actions, suits, proceedings, claims or disputes pending or, to the knowledge of the Loan Parties after due and diligent investigation, threatened or contemplated, at law, in equity, in
arbitration or before any Governmental Authority, by or against any Loan Party or any Subsidiary or against any of their properties or revenues that (a) purport to materially affect this Agreement or any other Loan Document or any of the
transactions contemplated hereby, or (b) either individually or in the aggregate could reasonably be expected to have a Material Adverse Effect. 
 Section 5.07 No Default. 
 Neither any Loan Party nor any
Subsidiary thereof is in default under or with respect to, or a party to, any Contractual Obligation that could, either individually or in the aggregate, reasonably be expected to have a Material Adverse Effect. No Default has occurred and is
continuing or would result from the consummation of the transactions contemplated by this Agreement or any other Loan Document. 

  
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 Section 5.08 Ownership of Property. 

Each Loan Party and each of its Subsidiaries has good record and marketable title in fee simple to, or valid leasehold interests in, all
real property necessary or used in the ordinary conduct of its business, except for such defects in title as could not, individually or in the aggregate, reasonably be expected to have a Material Adverse Effect. 

Section 5.09 Environmental Compliance. 
 (a) The Loan Parties and their respective Subsidiaries conduct in the ordinary course of business a review of the effect of existing Environmental Laws and claims alleging potential liability or
responsibility for violation of any Environmental Law on their respective businesses, operations and properties, and as a result thereof the Loan Parties have reasonably concluded that such Environmental Laws and claims could not, individually or in
the aggregate, reasonably be expected to have a Material Adverse Effect. 
 (b) None of the properties currently or formerly
owned or operated by any Loan Party or any of its Subsidiaries is listed or proposed for listing on the NPL or on the CERCLIS or any analogous foreign, state or local list or is adjacent to any such property; there are no and never have been any
underground or above-ground storage tanks or any surface impoundments, septic tanks, pits, sumps or lagoons in which Hazardous Materials are being or have been treated, stored or disposed on any property currently owned or operated by any Loan Party
or any of its Subsidiaries or, to the best of the knowledge of the Loan Parties, on any property formerly owned or operated by any Loan Party or any of its Subsidiaries; there is no asbestos or asbestos-containing material on any property currently
owned or operated by any Loan Party or any of its Subsidiaries; and Hazardous Materials have not been released, discharged or disposed of on any property currently or formerly owned or operated by any Loan Party or any of its Subsidiaries.

 (c) Neither any Loan Party nor any of its Subsidiaries is undertaking, and has not completed, either individually or together
with other potentially responsible parties, any investigation or assessment or remedial or response action relating to any actual or threatened release, discharge or disposal of Hazardous Materials at any site, location or operation that would
reasonably be expected to have a Material Adverse Effect, either voluntarily or pursuant to the order of any Governmental Authority or the requirements of any Environmental Law; and all Hazardous Materials generated, used, treated, handled or stored
at, or transported to or from, any property currently or formerly owned or operated by any Loan Party or any of its Subsidiaries have been disposed of in a manner not reasonably expected to result in material liability to any Loan Party or any of
its Subsidiaries. 
 Section 5.10 Insurance. 
 The properties of the Borrower and its Subsidiaries are insured with financially sound and reputable insurance companies not Affiliates of the Borrower, in such amounts (after giving effect to any
self-insurance compatible with the following standards), with such deductibles and covering such risks as are customarily carried by companies engaged in similar businesses and owning similar properties in localities where the applicable Loan Party
or the applicable Subsidiary operates. The general liability, casualty, property, with terrorism and business interruption insurance coverage of the Loan Parties as in effect on the Closing Date, and as of the last date such Schedule was required to
be updated in accordance with Section 6.02, is outlined as to carrier, policy number, expiration date, type, amount and deductibles on Schedule 5.10 and such insurance coverage complies with the requirements set forth in this
Agreement and the other Loan Documents. 

  
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 Section 5.11 Taxes. 

Each Loan Party and its Subsidiaries have filed all federal, state and other material tax returns and filings required to be filed, and
have paid all federal, state and other material taxes, assessments, fees and other governmental charges levied or imposed upon them or their properties, income or assets otherwise due and payable, except those which are being contested in good faith
by appropriate proceedings diligently conducted and for which adequate reserves have been provided in accordance with GAAP. There is no proposed tax assessment against any Loan Party or any Subsidiary that would, if made, have a Material Adverse
Effect, nor is there any tax sharing agreement applicable to the Borrower or any Subsidiary that could reasonably be expected to result in a Material Adverse Effect. 
 Section 5.12 ERISA Compliance. 
 (a) Each Plan is in compliance
in all material respects with the applicable provisions of ERISA, the Code and other federal or state laws. Each Pension Plan that is intended to be a qualified plan under Section 401(a) of the Code has received a favorable determination letter
or is subject to a favorable opinion letter from the IRS to the effect that the form of such Plan is qualified under Section 401(a) of the Code and the trust related thereto has been determined by the Internal Revenue Service to be exempt from
federal income tax under Section 501(a) of the Code, or an application for such a letter is currently being processed by the IRS. To the best knowledge of the Loan Parties, nothing has occurred that would prevent or cause the loss of such
tax-qualified status. 
 (b) There are no pending or, to the best knowledge of the Loan Parties, threatened claims, actions or
lawsuits, or action by any Governmental Authority, with respect to any Plan that could reasonably be expected to have a Material Adverse Effect. There has been no prohibited transaction or violation of the fiduciary responsibility rules with respect
to any Plan that has resulted or could reasonably be expected to result in a Material Adverse Effect. 
 (c) (i) No ERISA
Event has occurred, and no Loan Party nor any ERISA Affiliate is aware of any fact, event or circumstance that could reasonably be expected to constitute or result in an ERISA Event with respect to any Pension Plan; (ii) the Borrower and each
ERISA Affiliate has met all applicable requirements under the Pension Funding Rules in respect of each Pension Plan, and no waiver of the minimum funding standards under the Pension Funding Rules has been applied for or obtained; (iii) as of
the most recent valuation date for any Pension Plan, the funding target attainment percentage (as defined in Section 430(d)(2) of the Code) is 60% or higher and no Loan Party nor any ERISA Affiliate knows of any facts or circumstances that
could reasonably be expected to cause the funding target attainment percentage for any such plan to drop below 60% as of the most recent valuation date; (iv) no Loan Party nor any ERISA Affiliate has incurred any liability to the PBGC other
than for the payment of premiums, and there are no premium payments which have become due that are unpaid; (v) neither the Borrower nor any ERISA Affiliate has engaged in a transaction that could be subject to Section 4069 or
Section 4212(c) of ERISA; and (vi) no Pension Plan has been terminated by the plan administrator thereof nor by the PBGC, and no event or circumstance has occurred or exists that could reasonably be expected to cause the PBGC to institute
proceedings under Title IV of ERISA to terminate any Pension Plan. 
 (d) Neither the Borrower nor any ERISA Affiliate maintains
or contributes to, or has any unsatisfied obligation to contribute to, or liability under, any active or terminated Pension Plan other than (i) on the Closing Date, those listed on Schedule 5.12 hereto and (ii) thereafter,
Pension Plans not otherwise prohibited by this Agreement. 

  
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 Section 5.13 Margin Regulations; Investment Company Act. 

(a) Margin Regulations. The Borrower is not engaged and will not engage, principally or as one of its important activities, in the
business of purchasing or carrying margin stock (within the meaning of Regulation U issued by the FRB), or extending credit for the purpose of purchasing or carrying margin stock. Following the application of the proceeds of each Borrowing or
drawing under each Letter of Credit, not more than 25% of the value of the assets (either of the Borrower only or of the Borrower and its Subsidiaries on a Consolidated basis) subject to the provisions of Section 7.01 or Section 7.05 or
subject to any restriction contained in any agreement or instrument between the Borrower and any Lender or any Affiliate of any Lender relating to Indebtedness and within the scope of Section 8.01(e) will be margin stock. 

(b) Investment Company Act. None of the Borrower, any Person Controlling the Borrower, or any Subsidiary is or is required to be
registered as an “investment company” under the Investment Company Act of 1940. 
 Section 5.14 Disclosure.

 The Borrower has disclosed to the Administrative Agent and the Lenders all agreements, instruments and corporate or other
restrictions to which it or any of its Subsidiaries or any other Loan Party is subject, and all other matters known to it, that, individually or in the aggregate, could reasonably be expected to result in a Material Adverse Effect. No report,
financial statement, certificate or other information furnished (whether in writing or orally) by or on behalf of any Loan Party to the Administrative Agent or any Lender in connection with the transactions contemplated hereby and the negotiation of
this Agreement or delivered hereunder or under any other Loan Document (in each case as modified or supplemented by other information so furnished) contains any material misstatement of fact or omits to state any material fact necessary to make the
statements therein, in the light of the circumstances under which they were made, not misleading; provided that, with respect to projected financial information, each Loan Party represents only that such information was prepared in good faith based
upon assumptions believed to be reasonable at the time. 
 Section 5.15 Compliance with Laws. 

Each Loan Party and each Subsidiary thereof is in compliance with the requirements of all Laws and all orders, writs, injunctions and
decrees applicable to it or to its properties, except in such instances in which (a) such requirement of Law or order, writ, injunction or decree is being contested in good faith by appropriate proceedings diligently conducted or (b) the
failure to comply therewith, either individually or in the aggregate, could not reasonably be expected to have a Material Adverse Effect. 

Section 5.16 Solvency. 
 The Borrower together with its Subsidiaries on a Consolidated basis is Solvent. 

Section 5.17 Casualty, Etc. 
 Neither the businesses nor the properties of any Loan Party or any of its Subsidiaries are affected by any fire, explosion, accident, strike, lockout or other labor dispute, drought, storm, hail,
earthquake, embargo, act of God or of the public enemy or other casualty (whether or not covered by insurance) that, either individually or in the aggregate, could reasonably be expected to have a Material Adverse Effect. 

  
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 Section 5.18 Sanctions Concerns. 

No Loan Party, nor any Subsidiary, nor, to the knowledge of the Loan Parties and their Subsidiaries, any director, officer, employee,
agent, affiliate or representative thereof, is an individual or entity currently the subject of any Sanctions, nor is any Loan Party or any Subsidiary located, organized or resident in a Designated Jurisdiction. 

Section 5.19 Responsible Officers. 
 Set forth on Schedule 1.01(c) are the Responsible Officers, holding the offices indicated next to their respective names, as of the Closing Date and as of the last date such Schedule was required
to be updated in accordance with Section 6.02. Such Responsible Officers are the duly elected and qualified officers of such Loan Party and are duly authorized to execute and deliver, on behalf of the respective Loan Party, the Credit
Agreement, the Revolving Notes and the other Loan Documents. 
 Section 5.20 Subsidiaries; Equity Interests; Loan Parties.

 (a) Subsidiaries, Partnerships and Equity Investments. Set forth on Schedule 5.20(a), is the following information
which is true and complete in all respects as of the Closing Date and as of the last date such Schedule was required to be updated in accordance with Section 6.02: (i) a complete and accurate list of all Subsidiaries and partnerships and
other equity investments of the Loan Parties as of the Closing Date and as of the last date such Schedule was required to be updated in accordance with Section 6.02, (ii) the number of shares of each class of Equity Interests in each
Subsidiary outstanding, (iii) the number and percentage of outstanding shares of each class of Equity Interests owned by the Loan Parties and their Subsidiaries and (iv) the class or nature of such Equity Interests (e.g., voting,
non-voting, preferred, etc.). The outstanding Equity Interests in all Subsidiaries are validly issued, fully paid and non-assessable and are owned free and clear of all Liens. There are no outstanding subscriptions, options, warrants, calls, rights
or other agreements or commitments (other than stock options granted to employees or directors and directors’ qualifying shares) of any nature relating to the Equity Interests of any Loan Party or any Subsidiary thereof, except as contemplated
in connection with the Loan Documents. 
 (b) Loan Parties. Set forth on Schedule 5.20(b) is a complete and
accurate list of all Loan Parties, showing as of the Closing Date, or as of the last date such Schedule was required to be updated in accordance with Section 6.02, (as to each Loan Party) (i) the exact legal name, (ii) any former
legal names of such Loan Party in the four (4) months prior to the Closing Date, (iii) the jurisdiction of its incorporation or organization, as applicable, (iv) the type of organization, (v) the jurisdictions in which such Loan
Party is qualified to do business, (vi) the address of its chief executive office, (vii) the address of its principal place of business, (viii) its U.S. federal taxpayer identification number or, in the case of any non-U.S. Loan Party
that does not have a U.S. taxpayer identification number, its unique identification number issued to it by the jurisdiction of its incorporation or organization, (ix) the organization identification number, (x) ownership information (e.g.,
publicly held or if private or partnership, the owners and partners of each of the Loan Parties) and (xi) the industry or nature of business of such Loan Party. 
 Section 5.21 Collateral Representations. 
 (a) Collateral
Documents. The provisions of the Collateral Documents and the filings of any necessary UCC filings are collectively effective to create in favor of the Administrative Agent for the benefit of the Secured Parties a legal, valid and enforceable
first priority Lien (subject to Permitted Liens) on all right, title and interest of the respective Loan Parties in the Collateral described therein. Except for 

  
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filings completed prior to the Closing Date and as contemplated hereby and by the Collateral Documents, no filing or other action will be necessary to perfect or protect such Liens to the extent
such Liens can be perfected by filing of a UCC filing. 
 (b) Intellectual Property. Set forth on
Schedule 5.21(b), as of the Closing Date and as of the last date such Schedule was required to be updated in accordance with Section 6.02, is a list of all registered or issued Intellectual Property (including all applications for
registration and issuance) owned by each of the Loan Parties or that each of the Loan Parties has the right to (including the name/title, current owner, registration or application number, and registration or application date and such other
information as reasonably requested by the Administrative Agent). 
 (c) Documents, Instrument, and Tangible Chattel
Paper. Set forth on Schedule 5.21(c), as of the Closing Date and as of the last date such Schedule was required to be updated in accordance with Section 6.02, is a description of all Documents (as defined in the UCC), Instruments (as
defined in the UCC), and Tangible Chattel Paper (as defined in the UCC) of the Loan Parties (including the Loan Party owning such Document, Instrument and Tangible Chattel Paper and such other information as reasonably requested by the
Administrative Agent) in each case with a face amount in excess of $1,000,000. 
 (d) Deposit Accounts, Electronic Chattel
Paper, Letter-of-Credit Rights, and Securities Accounts. 
 (i) Set forth on Schedule 5.21(d)(i), as of the Closing
Date and as of the last date such Schedule was required to be updated in accordance with Section 6.02, is a description of all Deposit Accounts (as defined in the UCC) and Securities Accounts (as defined in the UCC) of the Loan Parties,
including the name of (A) the applicable Loan Party, (B) in the case of a Deposit Account, the depository institution and average amount held in such Deposit Account and whether such account is a ZBA account or a payroll account, and
(C) in the case of a Securities Account, the Securities Intermediary (as defined in the UCC) or issuer and the average aggregate market value held in such Securities Account, as applicable. 

(ii) Set forth on Schedule 5.21(d)(ii), as of the Closing Date and as of the last date such Schedule was required to be updated in
accordance with Section 6.02, is a description of all Electronic Chattel Paper and Letter of Credit Rights of the Loan Parties, including the name of (A) the applicable Loan Party, (B) in the case of Electronic Chattel Paper, the
account debtor and (C) in the case of Letter-of-Credit Rights, the issuer or nominated person, as applicable. 
 (e)
Commercial Tort Claims. Set forth on Schedule 5.21(e), as of the Closing Date and as of the last date such Schedule was required to be updated in accordance with Section 6.02, is a description of all Commercial Tort Claims (as
defined in the UCC) for which the Loan Parties are a claimant (detailing such Commercial Tort Claim in such detail as reasonably requested by the Administrative Agent). 
 (f) Pledged Equity Interests. Set forth on Schedule 5.21(f), as of the Closing Date and as of the last date such Schedule was required to be updated in accordance with Section 6.02, is
a list of (i) all Pledged Equity and (ii) all other Equity Interests required to be pledged to the Administrative Agent pursuant to the Collateral Documents (in each case, detailing the Grantor (as defined in the Security Agreement), the
Person whose Equity Interests are pledged, the number of shares of each class of Equity Interests, the certificate number and percentage ownership of outstanding shares of each class of Equity Interests and the class or nature of such Equity
Interests (e.g., voting, non-voting, preferred, etc.). 

  
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 (g) Properties. Set forth on Schedule 5.21(g)(i), as of the Closing Date and
as of the last date such Schedule was required to be updated in accordance with Section 6.02, is a list of all Mortgaged Properties (including (i) the name of the Loan Party owning such Mortgaged Property, (ii) the number of buildings
located on such Mortgaged Property, (iii) the property address, and (iv) the city, county, state and zip code which such Mortgaged Property is located. Set forth on Schedule 5.21(g)(ii), as of the Closing Date and as of the last
date such Schedule was required to be updated in accordance with Section 6.02, is a list of (A) each headquarter location of the Loan Parties, (B) each other location where any significant administrative or governmental functions are
performed, (C) each other location where the Loan Parties maintain any books or records (electronic or otherwise) and (D) each location where any personal property Collateral is located at any premises owned or leased by a Loan Party with
a Collateral value in excess of $1,000,000 (in each case, including (1) an indication if such location is leased or owned, (2), if leased, the name of the lessor, and if owned, the name of the Loan Party owning such property, (3) the
address of such property (including, the city, county, state and zip code) and (4) to the extent owned, the approximate fair market value of such property). 
 (h) Material Contracts. Set forth on Schedule 5.21(h), as of the Closing Date and as of the last date such Schedule was required to be updated in accordance with Section 6.02, is a
complete and accurate list of all Material Contracts of the Borrower and its Subsidiaries. 
 (i) Borrowing Base
Certificate. All information and calculations set forth on each Borrowing Base Certificate delivered to Administrative Agent pursuant to Section 6.02(m) are true and correct as of the date reflected therein. 

Section 5.22 Intellectual Property; Licenses, Etc. 
 Each Loan Party and each of its Subsidiaries own, or possess the right to use, all of the trademarks, service marks, trade names, copyrights, patents, patent rights, franchises, licenses and other
intellectual property rights that are reasonably necessary for the operation of their respective businesses, without conflict with the rights of any other Person. To the best knowledge of the Borrower, no slogan or other advertising device, product,
process, method, substance, part or other material now employed, or now contemplated to be employed, by any Loan Party or any of its Subsidiaries infringes upon any rights held by any other Person. No claim or litigation regarding any of the
foregoing is pending or, to the best knowledge of the Borrower, threatened, which, either individually or in the aggregate, could reasonably be expected to have a Material Adverse Effect. 
 Section 5.23 Labor Matters. 
 There are no collective bargaining
agreements or Multiemployer Plans covering the employees of the Borrower or any of its Subsidiaries as of the Closing Date and the Borrower has not suffered any strikes, walkouts, work stoppages or other material labor difficulty within the last
five (5) years preceding the Closing Date, which has resulted in a Material Adverse Effect. 
 Section 5.24 Available
Take-Out. 
 The aggregate outstanding Revolving Loans are in an amount equal to or less than the net proceeds of
Available Take-Out which are to be paid to Borrower. 

  
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 Section 5.25 Immaterial Subsidiaries/Zoom. 

Each of Borrower’s Immaterial Subsidiaries has no material assets or material liabilities. At all times prior to the Zep Acquisition
Date, Zoom has no material assets or material liabilities. 
 ARTICLE VI 

AFFIRMATIVE COVENANTS 
 Each of the Loan Parties hereby covenants and agrees that on the Closing Date and thereafter until the Facility Termination Date, such Loan Party shall, and shall cause each of their Subsidiaries to:

 Section 6.01 Financial Statements. 
 Deliver to the Administrative Agent and each Lender, in form and detail satisfactory to the Administrative Agent and the Required Lenders: 

(a) Audited Financial Statements. As soon as available, but in any event within one hundred twenty (120) days after the end
of each fiscal year of the Borrower, a Consolidated balance sheet of the Borrower and its Subsidiaries as at the end of such fiscal year, and the related Consolidated statements of income or operations, changes in shareholders’ equity and cash
flows for such fiscal year, setting forth in each case in comparative form the figures for the previous fiscal year, all in reasonable detail and prepared in accordance with GAAP, (i) such Consolidated statements to be audited and accompanied
by a report and opinion of an independent certified public accountant of nationally recognized standing reasonably acceptable to the Administrative Agent, which report and opinion shall be prepared in accordance with generally accepted auditing
standards and shall not be subject to any “going concern” or like qualification or exception or any qualification or exception as to the scope of such audit, and (ii) such consolidating statements to be certified by the chief
executive officer, chief financial officer, treasurer or controller that is a Responsible Officer of the Borrower to the effect that such statements are fairly stated in all material respects when considered in relation to the Consolidated financial
statements of the Borrower and its Subsidiaries. 
 (b) Quarterly Financial Statements. As soon as available, but in any
event within sixty (60) days after the end of each fiscal quarter of the Borrower: 
 (i) A Consolidated and consolidating
balance sheet of the Borrower and its Subsidiaries as at the end of such fiscal quarter, and the related Consolidated and consolidating statements of income or operations, changes in shareholders’ equity and cash flows for such fiscal quarter
and for the portion of the Borrower’s fiscal year then ended, setting forth in each case in comparative form the figures for the corresponding fiscal quarter of the previous fiscal year and the corresponding portion of the previous fiscal year,
all in reasonable detail and prepared in accordance with GAAP and including management discussion and analysis of operating results inclusive of operating metrics in comparative form, such Consolidated statements to be certified by the chief
executive officer, chief financial officer, treasurer or controller who is a Responsible Officer of the Borrower as fairly presenting the financial condition, results of operations, shareholders’ equity and cash flows of the Borrower and its
Subsidiaries, subject only to normal year-end audit adjustments and the absence of footnotes and such consolidating statements to be certified by the chief executive officer, chief financial officer, treasurer or controller that is a Responsible
Officer of the Borrower to the effect that such statements are fairly stated in all material respects when considered in relation to the Consolidated financial statements of the Borrower and its Subsidiaries; and 

  
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 (ii) A statement of income of the Borrower as at the end of such fiscal quarter, prepared on
an Activity Basis and reflecting net present value of future cash flows and interest expense, depreciation and amortization. 

(c) Megawatts Booked, Inspected and Terminated. As soon as available, but in any event within sixty (60) days after the end
of each of the fiscal quarters of each fiscal year of the Borrower, (i) an internally prepared income statement, measured on an Activity Basis, reflecting megawatts booked and inspected for such fiscal quarter and (ii) a report of
megawatts terminated for such fiscal quarter. 
 (d) Business Plan and Budget. As soon as available, but in any event
within ninety (90) days after the end of each fiscal year of the Borrower, (i) an annual business plan and budget consisting of forecasts prepared by management of the Borrower on both an Activity Basis as well as in accordance with GAAP,
in form reasonably satisfactory to the Administrative Agent and the Required Lenders, on a monthly basis for the immediately following fiscal year, and (ii) a cash forecast prepared by management of the Borrower, in form reasonably satisfactory
to the Administrative Agent and the Required Lenders, on a quarterly basis for the immediately following fiscal year. 
 As to
any information contained in materials furnished pursuant to Section 6.02(g), the Borrower shall not be separately required to furnish such information under Section 6.01(a) or (b) above, but the foregoing shall not be in derogation
of the obligation of the Borrower to furnish the information and materials described in Sections 6.01(a) and (b) above at the times specified therein. 
 Section 6.02 Certificates; Other Information. 
 Deliver to the
Administrative Agent and each Lender, in form and detail satisfactory to the Administrative Agent and the Required Lenders: 

(a) Accountants’ Certificate. Concurrently with the delivery of the Borrower’s financial statements referred to in
Section 6.01(a), a certificate of its independent certified public accountants certifying such financial statements and stating that in making the examination necessary therefor no knowledge was obtained of any Default or, if any such Default
shall exist, stating the nature and status of such event. 
 (b) Compliance Certificate. Concurrently with the delivery
of the Borrower’s financial statements referred to in Sections 6.01(a) and (b), (i) a duly completed Compliance Certificate signed by the chief executive officer, chief financial officer, treasurer or controller which is a Responsible
Officer of the Borrower, and in the event of any change in generally accepted accounting principles used in the preparation of such financial statements, the Borrower shall also provide, if necessary for the determination of compliance with
Section 7.11, a statement of reconciliation conforming such financial statements to GAAP, and (ii) a copy of management’s discussion and analysis with respect to such financial statements. 

(c) Updated Schedules. Concurrently with the delivery of the Compliance Certificate referred to in Section 6.02(b), the
following updated Schedules of the Borrower to this Agreement (which may be attached to the Compliance Certificate) to the extent required to make the representation related to such Schedule true and correct as of the date of such Compliance
Certificate: Schedules 1.01(c), 5.10, 5.20(a), 5.20(b), 5.21(b), 5.21(c), 5.21(d)(i), 5.21(d)(ii), 5.21(e), 5.21(f), 5.21(g)(i), 5.21(g)(ii) and 5.21(h).


  
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 (d) Calculations. Concurrently with the delivery of the Compliance Certificate
referred to in Section 6.02(b) required to be delivered with the Borrower’s financial statements referred to in Section 6.01(a), a certificate from the Borrower (which may be included in such Compliance Certificate) including the
amount of all Restricted Payments, Investments (including Permitted Acquisitions), Dispositions and Capital Expenditures that were made during the prior fiscal year. 
 (e) Changes in Corporate Structure. Concurrently with the delivery of the Compliance Certificate referred to in Section 6.02(b), Borrower will provide notice of any change in corporate
structure of any Loan Party or any of its Subsidiaries (including by merger, consolidation, dissolution or other change in corporate structure) to the Administrative Agent, along with such other information as reasonably requested by the
Administrative Agent. Provide notice to the Administrative Agent, not less than ten (10) days prior (or such extended period of time as agreed to by the Administrative Agent) of any change in any Loan Party’s legal name, state of
organization, or organizational existence. 
 (f) Audit Reports; Management Letters; Recommendations. Promptly after any
reasonable request by the Administrative Agent or any Lender, copies of any detailed audit reports, management letters or recommendations submitted to the board of directors (or the audit committee of the board of directors) of any Loan Party by
independent accountants in connection with the accounts or books of any Loan Party, or any audit of any of them. 
 (g)
Annual Reports; Etc. Promptly after the same are available, copies of each annual report, proxy or financial statement or other report or communication sent to the stockholders of the Borrower, and copies of all annual, regular, periodic and
special reports and registration statements which the Borrower may file or be required to file with the SEC under Section 13 or 15(d) of the Securities Exchange Act of 1934, or with any national securities exchange, and in any case not
otherwise required to be delivered to the Administrative Agent pursuant hereto. 
 (h) Debt Securities Statements and
Reports. Promptly after the furnishing thereof, copies of any statement or report furnished to any holder of debt securities of any Loan Party pursuant to the terms of any indenture, loan or credit or similar agreement and not otherwise required
to be furnished to the Lenders pursuant to Section 6.01 or any other clause of this Section. 
 (i) SEC Notices.
Promptly, and in any event within five (5) Business Days after receipt thereof by any Loan Party or any Subsidiary thereof, copies of each notice or other correspondence received from the SEC (or comparable agency in any applicable non-U.S.
jurisdiction) concerning any investigation or possible investigation or other inquiry by such agency regarding financial or other operational results of any Loan Party or any Subsidiary thereof. 

(j) Notices. Not later than five (5) Business Days after receipt thereof by any Loan Party or any Subsidiary thereof, copies
of all notices, requests and other documents (including amendments, waivers and other modifications) so received under or pursuant to any instrument, indenture, loan or credit or similar agreement regarding or related to any breach or default by any
party thereto or any other event that could materially impair the value of the interests or the rights of any Loan Party or otherwise have a Material Adverse Effect and, from time to time upon request by the Administrative Agent, such information
and reports regarding such instruments, indentures and loan and credit and similar agreements as the Administrative Agent may reasonably request. 
 (k) Environmental Notice. Promptly after the assertion or occurrence thereof, notice of any action or proceeding against or of any noncompliance by any Loan Party or any of its Subsidiaries with
any Environmental Law or Environmental Permit that could (i) reasonably be expected to have a Material Adverse Effect or (ii) cause any property described in the Mortgages to be subject to any restrictions on ownership, occupancy, use or
transferability under any Environmental Law. 

  
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 (l) Additional Information. Subject to Section 6.10(b), promptly, such
additional information regarding the business, financial, legal or corporate affairs of any Loan Party or any Subsidiary thereof, or compliance with the terms of the Loan Documents, as the Administrative Agent or any Lender may from time to time
reasonably request. 
 (m) Borrowing Base Certificate. As soon as available, but in any event within fifteen
(15) days after the end of each month, a Borrowing Base Certificate together with a Back-Log Spreadsheet and a Take-Out Spreadsheet and other supporting information, each prepared as at the end of such month, duly certified by the chief
executive officer, chief financial officer, treasurer or controller of the Borrower. 
 (n) Unencumbered Liquidity. As
soon as available, but in any event within fifteen (15) days after the end of each month, an Unencumbered Liquidity Certificate, prepared as at the end of such month, duly certified by the chief executive officer, chief financial officer,
treasurer or controller of the Borrower. 
 Documents required to be delivered pursuant to Section 6.01(a) or (b) or
Section 6.02(g) (to the extent any such documents are included in materials otherwise filed with the SEC) may be delivered electronically and if so delivered, shall be deemed to have been delivered on the date (a) on which the Borrower
posts such documents, or provides a link thereto on the Borrower’s website on the Internet at the website address listed on Schedule 1.01(a); or (b) on which such documents are posted on the Borrower’s behalf on an
Internet or intranet website, if any, to which each Lender and the Administrative Agent have access (whether a commercial, third-party website, related to an SEC filing or whether sponsored by the Administrative Agent); provided that: (i) the
Borrower shall deliver paper copies of such documents to the Administrative Agent or any Lender upon its request to the Borrower to deliver such paper copies and (ii) the Borrower shall notify the Administrative Agent and each Lender (by fax
transmission or other e-mail transmission) of the posting of any such documents. The Administrative Agent shall have no obligation to request the delivery of or to maintain paper copies of the documents referred to above, and in any event shall have
no responsibility to monitor compliance by the Borrower with any such request by a Lender for delivery, and each Lender shall be solely responsible for requesting delivery to it or maintaining its copies of such documents. 

The Borrower hereby acknowledges that (A) the Administrative Agent and/or an Affiliate thereof may, but shall not be obligated to, make available to
the Lenders and the L/C Issuer materials and/or information provided by or on behalf of the Borrower hereunder (collectively, “Borrower Materials”) by posting the Borrower Materials on Debt Domain, IntraLinks, Syndtrak or another
similar electronic system (the “Platform”) and (B) certain of the Lenders (each, a “Public Lender”) may have personnel who do not wish to receive material non-public information with respect to the Borrower or
its Affiliates, or the respective securities of any of the foregoing, and who may be engaged in investment and other market-related activities with respect to such Persons’ securities. The Borrower hereby agrees that so long as the Borrower is
the issuer of any outstanding debt or Equity Interests that are registered or issued pursuant to a private offering or is actively contemplating issuing any such securities it will use commercially reasonable efforts to identify that portion of the
Borrower Materials that may be distributed to the Public Lenders and that (1) all such Borrower Materials shall be clearly and conspicuously marked “PUBLIC” which, at a minimum, shall mean that the word “PUBLIC” shall appear
prominently on the first page thereof; (2) by marking Borrower Materials “PUBLIC,” the Borrower shall be deemed to have authorized the Administrative Agent, any Affiliate thereof, the Arranger, the L/C Issuer and the Lenders


  
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to treat such Borrower Materials as not containing any material non-public information (although it may be sensitive and proprietary) with respect to the Borrower or its securities for purposes
of United States federal and state securities laws (provided, however, that to the extent such Borrower Materials constitute Information, they shall be treated as set forth in Section 11.07); (3) all Borrower Materials marked
“PUBLIC” are permitted to be made available through a portion of the Platform designated “Public Side Information;” and (4) the Administrative Agent and the any Affiliate thereof and the Arranger shall be entitled to treat
any Borrower Materials that are not marked “PUBLIC” as being suitable only for posting on a portion of the Platform not designated “Public Side Information.” Notwithstanding the foregoing, the Borrower shall be under no
obligation to mark any Borrower Materials “PUBLIC”. 
 Section 6.03 Notices. 

(a) Promptly, but in any event within two (2) Business Days, notify the Administrative Agent and each Lender of the occurrence of any
Default; and 
 (b) Promptly, but in any event within four (4) Business Days, notify the Administrative Agent and each
Lender: 
 (i) of any matter that has resulted or could reasonably be expected to result in a Material Adverse Effect, including
(x) breach or non-performance of, or any default under, a Contractual Obligation of the Borrower or any Subsidiary; (y) any dispute, litigation, investigation, proceeding or suspension between the Borrower or any Subsidiary and any
Governmental Authority; or (z) the commencement of, or any material development in, any litigation or proceeding affecting the Borrower or any Subsidiary, including pursuant to any applicable Environmental Laws; 

(ii) of the occurrence of any ERISA Event; 
 (iii) of any material change in accounting policies or financial reporting practices by any Loan Party or any Subsidiary thereof; 
 (iv) the execution and delivery by the parties thereto of agreements evidencing new Tax Equity Commitments or Backlever Financing obtained by Borrower or its Subsidiaries; or 

(v) the occurrence of any default under agreements evidencing Tax Equity Commitments, Backlever Financing or System Refinancings.

 Each notice pursuant to this Section 6.03 shall be accompanied by a statement of a Responsible Officer of the Borrower
setting forth details of the occurrence referred to therein and to the extent applicable and not including any notice provided pursuant to clause (iv) above, stating what action the Borrower has taken and proposes to take with respect thereto.
Each notice pursuant to Section 6.03(a) shall describe with particularity any and all provisions of this Agreement and any other Loan Document that have been breached. 
 Section 6.04 Payment of Obligations. 
 Pay and discharge as the same
shall become due and payable, all its obligations and liabilities, including (a) all tax liabilities, assessments and governmental charges or levies upon it or its properties or assets, unless the same are being contested in good faith by
appropriate proceedings diligently conducted and adequate reserves in accordance with GAAP are being maintained by the Borrower or such Subsidiary; (b) all lawful claims which, if unpaid, would by law become a Lien upon its property; and (c)


  
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all Indebtedness, as and when due and payable, but subject to any subordination provisions contained in any instrument or agreement evidencing such Indebtedness; except, in each case, to the
extent that failure an Excluded Subsidiaries’ failure to do so could not reasonably be expected to have a Material Adverse Effect. 

Section 6.05 Preservation of Existence, Etc. 
 (a) Preserve, renew and maintain in full force and effect its legal existence and good standing under the Laws of the jurisdiction of its organization except in a transaction permitted by
Section 7.04 or 7.05, except to the extent that failure to do so could not reasonably be expected to adversely affect the Agent or the Secured Parties; 
 (b) take all reasonable action to maintain all rights, privileges, permits, licenses and franchises necessary or desirable in the normal conduct of its business, except to the extent that failure to do so
could not reasonably be expected to have a Material Adverse Effect; and 
 (c) preserve or renew all of its registered patents,
trademarks, trade names and service marks, the non-preservation of which could reasonably be expected to have a Material Adverse Effect. 

Section 6.06 Maintenance of Properties. 
 (a) Maintain, preserve and protect all of its material properties and equipment necessary in the operation of its business in good working order and condition, ordinary wear and tear excepted; 

(b) make all necessary repairs thereto and renewals and replacements thereof except where the failure to do so could not reasonably be
expected to have a Material Adverse Effect; and 
 (c) use the standard of care typical in the industry in the operation and
maintenance of its facilities. 
 Section 6.07 Maintenance of Insurance. 

(a) Maintenance of Insurance. With respect to the Loan Parties, maintain with financially sound and reputable insurance companies
not Affiliates of the Borrower, insurance with respect to its properties and business against loss or damage of the kinds customarily insured against by Persons engaged in the same or similar business, of such types and in such amounts as are
customarily carried under similar circumstances by such other Persons, including, without limitation, (i) property terrorism insurance and (ii) flood hazard insurance on all Mortgaged Properties that are Flood Hazard Properties, on such
terms and in such amounts as required by the National Flood Insurance Reform Act of 1994 or as otherwise required by the Administrative Agent. 
 (b) Evidence of Insurance. With respect to the Loan Parties, cause the Administrative Agent to be named as lenders’ loss payable, loss payee or mortgagee, as its interest may appear, and/or
additional insured with respect of any such insurance providing liability coverage or coverage in respect of any Collateral, and cause, unless otherwise agreed to by the Administrative Agent, each provider of any such insurance to agree, by
endorsement upon the policy or policies issued by it or by independent instruments furnished to the Administrative Agent that it will give the Administrative Agent thirty (30) days prior written notice before any such policy or policies shall
be altered or cancelled (or ten (10) days prior notice in the case of cancellation due to the nonpayment of premiums). Annually, upon expiration of current insurance coverage, the Loan Parties shall provide, or cause to be provided, to the


  
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Administrative Agent, such evidence of insurance as required by the Administrative Agent, including, but not limited to: (i) certified copies of such insurance policies, (ii) evidence
of such insurance policies (including, without limitation and as applicable, ACORD Form 28 certificates (or similar form of insurance certificate), and ACORD Form 25 certificates (or similar form of insurance certificate)), (iii) declaration
pages for each insurance policy and (iv) lender’s loss payable endorsement if the Administrative Agent for the benefit of the Secured Parties is not on the declarations page for such policy. As requested by the Administrative Agent, the
Loan Parties agree to deliver to the Administrative Agent an Authorization to Share Insurance Information in substantially the form of Exhibit P (or such other form as required by each of the Loan Parties’ insurance companies).

 (c) Redesignation. Promptly notify the Administrative Agent of any Mortgaged Property that is, or becomes, a Flood
Hazard Property. 
 Section 6.08 Compliance with Laws. 

Comply with the requirements of all Laws and all orders, writs, injunctions and decrees applicable to it or to its business or property,
except in such instances in which (a) such requirement of Law or order, writ, injunction or decree is being contested in good faith by appropriate proceedings diligently conducted; or (b) the failure to comply therewith could not
reasonably be expected to have a Material Adverse Effect. 
 Section 6.09 Books and Records. 

(a) Maintain proper books of record and account, in which full, true and correct entries in conformity with GAAP consistently applied
shall be made of all financial transactions and matters involving the assets and business of such Loan Party or such Subsidiary, as the case may be; and 
 (b) maintain such books of record and account in material conformity with all applicable requirements of any Governmental Authority having regulatory jurisdiction over such Loan Party or such Subsidiary,
as the case may be. 
 Section 6.10 Inspection Rights. 

(a) Permit representatives and independent contractors of the Administrative Agent to visit and inspect any of Borrower’s properties,
to examine its and its Subsidiaries’ corporate, financial and operating records, and make copies thereof or abstracts therefrom (subject to the limitation set forth in clause (b) below), and to discuss its affairs, finances and accounts
with its directors, officers, and independent public accountants, all at the expense of the Borrower and at such reasonable times during normal business hours and as often as may be reasonably desired, upon reasonable advance notice to the Borrower;
provided, however, subject to clause (c) below, prior to an Event of Default, Administrative Agent shall not conduct more than one such inspection during any calendar year; provided further, however, that when
an Event of Default exists the Administrative Agent (or any of its respective representatives or independent contractors) may do any of the foregoing at the expense of the Borrower at any time during normal business hours and without advance notice.

 (b) [***]. 
 (c) Subject to the second proviso in clause (a) above, Administrative Agent may (and at the direction of a Lender shall) conduct an additional inspection during any calendar year beyond the
inspection set forth in the first proviso in clause (a) above so long as (i) the results of such inspection will 

  
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not result in the exercise of Administrative Agent’s discretion as set forth in Sections 2.01(b)(i) and (ii), (ii) such inspection shall be at the cost and expense of
Lenders if at the time of such inspection no Event of Default exists, and (iii) Administrative Agent designates such inspection as an “Additional Inspection”. 
 Section 6.11 Use of Proceeds. 
 Use the proceeds of the Credit
Extensions for general corporate purposes not in contravention of any Law or of any Loan Document. The proceeds of the Credit Extensions shall not be used to pay the purchase price or fees related to the purchase of the interests of a Tax Equity
Investor in connection with Partnership Flip Structure, Sale-Leaseback Structure or Inverted Lease Structure. 
 Section 6.12 Material
Contracts. 
 Perform and observe all the terms and provisions of each Material Contract to be performed or observed by
it, maintain each such Material Contract in full force and effect, enforce each such Material Contract in accordance with its terms, take all such action to such end as may be from time to time requested by the Administrative Agent and, upon
reasonable request of the Administrative Agent, make to each other party to each such Material Contract such demands and requests for information and reports or for action as any Loan Party or any of its Subsidiaries is entitled to make under such
Material Contract, and cause each of its Subsidiaries to do so, except, in any case, where the failure to do so, either individually or in the aggregate, could not reasonably be expected to have a Material Adverse Effect. 

Section 6.13 Covenant to Guarantee Obligations. 
 The Loan Parties will cause each of their Subsidiaries whether newly formed, after acquired or otherwise existing to promptly (and in any event within thirty (30) days after such Subsidiary is formed
or acquired (or such longer period of time as agreed to by the Administrative Agent in its reasonable discretion)) become a Guarantor hereunder by way of execution of a Joinder Agreement; provided, however, no (i) Foreign
Subsidiary shall be required to become a Guarantor to the extent such Guaranty would result in a material adverse tax consequence for the Borrower and (ii) no Subsidiary formed with the intent of becoming an Excluded Subsidiary shall be
required to become a Guarantor. In connection therewith, the Loan Parties shall give notice to the Administrative Agent within thirty (30) days (or such longer period of time as agreed to by the Administrative Agent in its reasonable
discretion) after creating a Subsidiary or acquiring the Equity Interests of any other Person. In connection with the foregoing, the Loan Parties shall deliver to the Administrative Agent, with respect to each new Guarantor to the extent applicable,
substantially the same documentation required pursuant to Sections 4.01 and 6.14 and such other documents or agreements as the Administrative Agent may reasonably request. 
 Section 6.14 Covenant to Give Security. 
 Except with respect to
Excluded Property: 
 (a) Equity Interests and Personal Property. Each Loan Party will cause the Pledged Equity and all
of its tangible and intangible personal property now owned or hereafter acquired by it to be subject at all times to a first priority, perfected Lien (subject to Permitted Liens to the extent permitted by the Loan Documents) in favor of the
Administrative Agent for the benefit of the Secured Parties to secure the Secured Obligations pursuant to the terms and conditions of the Collateral Documents. Each Loan Party shall provide opinions of counsel and any filings and deliveries
reasonably necessary in connection therewith to perfect the security interests therein, all in form and substance reasonably satisfactory to the Administrative Agent. 

  
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 (b) Real Property. If any Loan Party intends to acquire a fee ownership interest in
any real property (“Real Estate”) after the Closing Date and such Real Estate has a fair market value in excess of $1,000,000, it shall provide to the Administrative Agent within sixty (60) days (or such extended period of time
as agreed to by the Administrative Agent) a Mortgage and such Mortgaged Property Support Documents as the Administrative Agent may request to cause such Real Estate to be subject at all times to a first priority, perfected Lien (subject in each case
to Permitted Liens) in favor of the Administrative Agent for the benefit of the Secured Parties to secure the Secured Obligations pursuant to the terms and conditions of the Collateral Documents. 

(c) Landlord Waivers. In the case of (i) each headquarter location of the Loan Parties (as of the Closing Date, there is only
one headquarter location in San Mateo, California) and each other location where the Loan Parties maintain any books or records (electronic or otherwise) and (ii) any personal property Collateral located at any other premises containing
personal property Collateral with a value in excess of $1,000,000, the Loan Parties will provide the Administrative Agent (x) with respect to any premises operated by a third party logistics coordinator or warehouse operator who manage such
real property, with such estoppel letters, consents or waivers from such third party logistics coordinator or warehouse operator (such estoppel letters, consents or waivers shall be in form and substance satisfactory to the Administrative Agent, it
being acknowledged and agreed that any bailee agreement in the form of Exhibit N-1 is satisfactory to the Administrative Agent) and (y) with respect to a premises that is leased directly from the property owner, with such estoppel
letters, consents or waivers from the respective landlord who owns such property, to the extent (A) requested by the Administrative Agent and (B) the Loan Parties are able to secure such letters, consents and waivers after using
commercially reasonable efforts (such letters, consents and waivers shall be in form and substance satisfactory to the Administrative Agent, it being acknowledged and agreed that any landlord waiver in the form of Exhibit N-2 is
satisfactory to the Administrative Agent). 
 (d) Account Control Agreements. Each of the Loan Parties shall not open,
maintain or otherwise have any deposit or other accounts (including securities accounts) at any bank or other financial institution, or any other account where money or securities are or may be deposited or maintained with any Person, other than
(a) deposit accounts that are maintained at all times with depositary institutions as to which the Administrative Agent shall have received a Qualifying Control Agreement, (b) securities accounts that are maintained at all times with
financial institutions as to which the Administrative Agent shall have received a Qualifying Control Agreement, (c) deposit accounts established solely as payroll and other zero balance accounts and such accounts are held at Bank of America and
(d) other deposit accounts, so long as at any time the balance in any such account does not exceed $10,000 and the aggregate balance in all such other deposit accounts does not exceed $100,000. 

(e) Further Assurances. At any time upon request of the Administrative Agent, promptly execute and deliver any and all further
instruments and documents and take all such other action as the Administrative Agent may deem necessary or desirable to maintain in favor of the Administrative Agent, for the benefit of the Secured Parties, Liens and insurance rights on the
Collateral that are duly perfected in accordance with the requirements of, or the obligations of the Loan Parties under, the Loan Documents and all applicable Laws. 
 Section 6.15 Further Assurances. 
 Promptly upon request by the
Administrative Agent, or any Lender through the Administrative Agent, (a) correct any material defect or error that may be discovered in any Loan Document or in the execution, acknowledgment, filing or recordation thereof, and (b) do,
execute, acknowledge, deliver, record, re-record, file, re-file, register and re-register any and all such further acts, deeds, certificates, 

  
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assurances and other instruments as the Administrative Agent, or any Lender through the Administrative Agent, may reasonably require from time to time in order to (i) carry out more
effectively the purposes of the Loan Documents, (ii) to the fullest extent permitted by applicable Law, subject any Loan Party’s or any of its Subsidiaries’ properties, assets, rights or interests to the Liens now or hereafter
intended to be covered by any of the Collateral Documents, (iii) perfect and maintain the validity, effectiveness and priority of any of the Collateral Documents and any of the Liens intended to be created thereunder and (iv) assure,
convey, grant, assign, transfer, preserve, protect and confirm more effectively unto the Secured Parties the rights granted or now or hereafter intended to be granted to the Secured Parties under any Loan Document or under any other instrument
executed in connection with any Loan Document to which any Loan Party or any of its Subsidiaries is or is to be a party, and cause each of its Subsidiaries to do so. 
 Section 6.16 Compliance with Environmental Laws. 
 Comply, and
cause all lessees and other Persons (other than the customer under the Host Customer Agreements) in all material respects, with all applicable Environmental Laws and Environmental Permits; obtain and renew all Environmental Permits necessary for its
operations and properties; and conduct any investigation, study, sampling and testing, and undertake any cleanup, removal, remedial or other action necessary to remove and clean up all Hazardous Materials from any of its properties, in accordance
with the requirements of all Environmental Laws; provided, however, that neither the Borrower nor any of its Subsidiaries shall be required to undertake any such cleanup, removal, remedial or other action to the extent that its
obligation to do so is being contested in good faith and by proper proceedings and appropriate reserves are being maintained with respect to such circumstances in accordance with GAAP. 
 Section 6.17 Zep Acquisition Post Closing Conditions. 
 Within
30 days after the Zep Acquisition Date, Borrower and Zoom shall comply with each of the covenants set forth in Sections 6.13 and Sections 6.14 (the failure to perform or adhere to such covenants within the prescribed time period shall result in a
Default). 
 Section 6.18 [***]. 
 Borrower shall enter into discussions with [***] and use its commercially reasonable efforts to obtain [***] consent to amend the [***]. 
 Section 6.19 Puerto Rico Certificate of Good Standing. 
 By no
later than 30 days after the Closing Date, Borrower shall deliver to Administrative Agent a Certificate of Good Standing issued by the Secretary of State of the Government of Puerto Rico indicating that Borrower is qualified and in good standing
under the laws of Puerto Rico. 
 ARTICLE VII 
 NEGATIVE COVENANTS 
 Each of the Loan Parties hereby covenants and agrees
that on the Closing Date and thereafter until the Facility Termination Date, no Loan Party shall, nor shall it permit any Subsidiary to, directly or indirect do the following. 

  
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 Section 7.01 Liens. 

Create, incur, assume or suffer to exist any Lien upon any of its property, assets or revenues, whether now owned or hereafter acquired,
except for the following (the “Permitted Liens”): 
 (a) Liens pursuant to any Loan Document; 

(b) Liens existing on the Closing Date and listed on Schedule 7.01 and any renewals or extensions thereof; provided that
(i) the property, assets or revenues covered thereby is not changed, (ii) the amount secured or benefited thereby is not increased except as contemplated by Section 7.02(b), (iii) the direct or any contingent obligor with respect
thereto is not changed, and (iv) any renewal or extension of the obligations secured or benefited thereby is permitted by Section 7.02(b); 
 (c) Liens for Taxes not yet due or which are being contested in good faith and by appropriate proceedings diligently conducted, if adequate reserves with respect thereto are maintained on the books of the
applicable Person in accordance with GAAP; 
 (d) Statutory Liens such as carriers’, warehousemen’s, mechanics’,
materialmen’s, repairmen’s or other like Liens arising in the ordinary course of business which are not overdue for a period of more than thirty (30) days or which are being contested in good faith and by appropriate proceedings
diligently conducted, if adequate reserves with respect thereto are maintained on the books of the applicable Person; provided that, a reserve or other appropriate provision shall have been made therefor; 

(e) pledges or deposits in the ordinary course of business in connection with workers’ compensation, unemployment insurance and
other social security legislation, other than any Lien imposed by ERISA; 
 (f) deposits to secure the performance of bids,
trade contracts and leases (other than Indebtedness) that is not Indebtedness permitted under Section 7.02, statutory obligations, surety and appeal bonds, performance bonds and other obligations of a like nature incurred in the ordinary
course of business; 
 (g) easements, rights-of-way, restrictions and other similar encumbrances affecting real property which,
in the aggregate, are not substantial in amount, and which do not in any case materially detract from the value of the property subject thereto or materially interfere with the ordinary conduct of the business of the applicable Person; 

(h) Liens securing judgments for the payment of money (or appeal or other surety bonds relating to such judgments) not constituting an
Event of Default under Section 8.01(h); 
 (i) Liens securing Indebtedness permitted under Section 7.02(c);
provided that (i) such Liens do not at any time encumber any property, assets or revenues other than the property, assets or revenues financed by such Indebtedness and (ii) the Indebtedness secured thereby does not exceed the cost
or fair market value at the time of the acquisition, whichever is lower, of the property being acquired on the date of acquisition; 
 (j) Liens (i) securing Indebtedness permitted under Section 7.02(g) on the property, assets and revenues of Excluded Subsidiaries and (ii) securing obligations of the Excluded Subsidiaries
pursuant to the Tax Equity Documents, in each case so long as such Liens do not attach to the net proceeds of any Available Take-Out which are subject to the Payment Direction Letter; 

  
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 (k) Liens securing Indebtedness permitted under Section 7.02(i) so long as such Liens
attach only to the vehicles or computer systems financed thereby; 
 (l) Liens securing Indebtedness permitted under
Section 7.02(k) so long as such Liens attach only to the assets financed thereby; 
 (m) bankers’ Liens, rights of
setoff and other similar Liens existing solely with respect to cash and Cash Equivalents on deposit in one or more accounts maintained by the Borrower or any of its Subsidiaries, in each case in the ordinary course of business in favor of the bank
or banks with which such accounts are maintained, securing solely the customary amounts owing to such bank with respect to cash management and operating account arrangements; provided, that in no case shall any such Liens secure (either
directly or indirectly) the repayment of any Indebtedness; 
 (n) Liens arising out of judgments or awards not resulting in an
Event of Default; provided the applicable Loan Party or Subsidiary shall in good faith be prosecuting an appeal or proceedings for review; 
 (o) Any interest or title of a lessor, licensor or sublessor under any lease, license or sublease entered into by any Loan Party or any Subsidiary thereof in the ordinary course of business and covering
only the assets so leased, licensed or subleased; 
 (p) Liens of a collection bank arising under Section 4-210 of the UCC
on items in the course of collection; 
 (q) Any zoning, building or similar laws or rights reserved to or vested in any
Governmental Authority; 
 (r) Liens on property, assets and revenues of Excluded Subsidiaries securing Indebtedness incurred
under Section 7.02(n); and 
 (s) other Liens securing Indebtedness outstanding in an aggregate principal amount not to
exceed $5,000,000; provided that no such Lien shall extend to or cover any Collateral. 
 Section 7.02 Indebtedness.

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

(a) Indebtedness under the Loan Documents; 
 (b) Indebtedness outstanding on the date hereof and listed on Schedule 7.02 and any refinancings, refundings, renewals or extensions thereof; provided that the amount of such Indebtedness is
not increased at the time of such refinancing, refunding, renewal or extension except by an amount equal to a reasonable premium or other reasonable amount paid, and fees and expenses reasonably incurred, in connection with such refinancing and by
an amount equal to any existing commitments unutilized thereunder and the direct or any contingent obligor with respect thereto is not changed, as a result of or in connection with such refinancing, refunding, renewal or extension; and, still
further, that the terms relating to principal amount, amortization, maturity, collateral (if any) and subordination, standstill and 

  
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related terms (if any), and other material terms taken as a whole, of any such refinancing, refunding, renewing or extending Indebtedness, and of any agreement entered into and of any instrument
issued in connection therewith, are no less favorable in any material respect to the Loan Parties or the Lenders than the terms of any agreement or instrument governing the Indebtedness being refinanced, refunded, renewed or extended and the
interest rate applicable to any such refinancing, refunding, renewing or extending Indebtedness does not exceed the then applicable market interest rate; 
 (c) Indebtedness in respect of Capitalized Leases, Synthetic Lease Obligations and purchase money obligations for fixed or capital assets within the limitations set forth in Section 7.01(i);
provided, however, that the aggregate amount of all such Indebtedness of the Loan Parties at any one time outstanding shall not exceed $10,000,000; 
 (d) Unsecured Indebtedness of a Subsidiary of the Borrower owed to the Borrower or a Subsidiary of the Borrower, which Indebtedness shall (i) to the extent required by the Administrative Agent, be
evidenced by promissory notes which shall be pledged to the Administrative Agent as Collateral for the Secured Obligations in accordance with the terms of the Security Agreement, (ii) be on terms (including subordination terms) reasonably
acceptable to the Administrative Agent and (iii) be otherwise permitted under the provisions of Section 7.03 (“Intercompany Debt”); 
 (e) Guarantees of the Borrower or any Subsidiary in respect of Indebtedness otherwise permitted hereunder of the Borrower or any other Guarantor; 

(f) obligations (contingent or otherwise) existing or arising under any Swap Contract; provided that (i) such obligations are
(or were) entered into by such Person in the ordinary course of business for the purpose of directly mitigating risks associated with fluctuations in interest rates or foreign exchange rates and (ii) such Swap Contract does not contain any
provision exonerating the non-defaulting party from its obligation to make payments on outstanding transactions to the defaulting party; 
 (g) Backlever Financing; 
 (h) Reserved; 

(i) Existing Vehicle Financing and other Indebtedness incurred for the acquisition or lease of vehicles or computer systems (so long as
the amount of the Indebtedness does not exceed the purchase price of the vehicles or computer systems purchased with the proceeds thereof and sole recourse with respect to such Indebtedness is the vehicle or computer systems purchased with the
proceeds thereof) and any refinancing of such other Indebtedness (so long as the amount of the Indebtedness is not increased in connection with such refinancing); 
 (j) Borrower’s limited guarantees, indemnification obligations and obligations to make capital contributions to or repurchase assets of the Excluded Subsidiaries as required under the documents
evidencing the Tax Equity Commitments, Backlever Financing or System Refinancing, as the case may be, so long as such indemnification and capital contribution obligations are not made in respect of obligations to repay debt for borrowed money;

 (k) vendor financing for the acquisition of Inventory incurred in the ordinary course of Borrower or any of its
Subsidiaries’ business; 
 (l) Obligations of reimbursement owed to the issuers of surety bonds (including, without
limitation, payment and performance bonds, operation and maintenance bonds, contractor license bonds, 

  
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bid bonds, energy broker bonds, prevailing wage bonds, sweepstake bonds, permit bonds, electrical license bonds, notary public bonds and other similar bonds) to the extent such surety bonds are
procured in the ordinary course of business; 
 (m) Indebtedness evidenced in warrants issued by Borrower in connection with its
Equity Interests and stock options in the Borrower, in each case issued in the ordinary course of business, so long as such Indebtedness is not for borrowed money; 
 (n) System Refinancing; 
 (o) Indebtedness incurred in accordance with the
applicable Tax Equity Documents in the ordinary course of business; 
 (p) Permitted Convertible Indebtedness; and 

(q) other unsecured Indebtedness not contemplated by the above provisions in an aggregate principal amount not to exceed $10,000,000 at
any time outstanding. 
 Section 7.03 Investments. 
 Make or hold any Investments, except: 
 (a) Investments held by the Borrower and
its Subsidiaries (i) in the form of cash or Cash Equivalents, and (ii) pursuant to the Investment Policy; 
 (b) loans
from any Loan Party to any officer, director and/or employee of the Borrower and Subsidiaries in an aggregate amount not to exceed $100,000; 
 (c) (i) Investments by the Borrower and its Subsidiaries in their respective Subsidiaries outstanding on the date hereof, (ii) Investments by the Borrower and its Subsidiaries in Loan Parties,
(iii) Investments by Excluded Subsidiaries in other Excluded Subsidiaries and (iv) so long as no Default has occurred and is continuing or would result from such Investment, additional Investments (other than Investments made under clause
7.03(j) below) by the Loan Parties in Excluded Subsidiaries in an aggregate amount invested from the date hereof together with any Investments made under clause 7.03(i) below not to exceed $15,000,000; 

(d) Investments consisting of extensions of credit in the nature of accounts receivable or notes receivable arising from the grant of
trade credit in the ordinary course of business, and Investments received in satisfaction or partial satisfaction thereof from financially troubled account debtors to the extent reasonably necessary in order to prevent or limit loss; 

(e) Guarantees permitted by Section 7.02; 
 (f) Investments existing on the date hereof (other than those referred to in Section 7.03(c)(i)) and set forth on Schedule 7.03; 

(g) Permitted Acquisitions (other than of CFCs and Subsidiaries held directly or indirectly by a CFC which Investments are covered by
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 (h) Investments (including debt obligations) received in connection with the bankruptcy or
reorganization of suppliers and customers and in settlement of delinquent obligations of, and other disputes with, customers and suppliers arising in the ordinary course of business; 

(i) Investments in Excluded Subsidiaries (x) in accordance with the applicable Tax Equity Documents, Backlever Financing or System
Refinancing, as the case may be, in the ordinary course of business, (y) of PV Systems which are in operation as collateral to secure accounts receivable financing in which the net proceeds (after deduction of reasonable fees and expenses) is
distributed to Borrower and (z) pursuant to any repurchase of assets permitted by Section 7.02(j); 
 (j) to the
extent it constitutes an Investment, the loan by the Borrower of shares of its common stock, par value $.001 per share, under the Share Lending Agreement; and 
 (k) other Investments not contemplated by the above provisions not exceeding $15,000,000 in the aggregate invested from the date hereof after taking into account Investments under clause 7.03(c)(iv)
above. 
 Section 7.04 Fundamental Changes. 
 Merge, dissolve, liquidate, consolidate with or into another Person, or Dispose of (whether in one transaction or in a series of transactions) all or substantially all of its assets (whether now owned or
hereafter acquired) to or in favor of any Person, except: 
 (a) any Loan Party may Dispose of all or substantially all of its
assets (upon voluntary liquidation or otherwise) to the Borrower or to another Loan Party, so long as no Default exists or would result therefrom; 
 (b) any Excluded Subsidiary may (i) dispose of all or substantially all its assets (including any Disposition that is in the nature of a liquidation) as set forth in Section 7.05(e), or
(ii) so long as no Default exists or would result therefrom, merge into or consolidate with any other Person or permit any other Person to merge into or consolidate with it, in each case so long as the Tax Equity Commitments or Backlever
Financings of such Excluded Subsidiary are not included in the calculation of Available Take-Out and the exclusion of such Tax Equity Commitments or Backlever Financings from the calculation of Available Take-Out does not result in a Borrowing Base
Deficiency; 
 (c) in connection with any Permitted Acquisition (other than as set forth in clause (f) below, any
Subsidiary of the Borrower may merge into or consolidate with any other Person or permit any other Person to merge into or consolidate with it; provided that (i) the Person surviving such merger shall be a wholly-owned Subsidiary of the
Borrower and (ii) in the case of any such merger to which any Loan Party (other than the Borrower) is a party, such Loan Party is the surviving Person; 
 (d) so long as no Default has occurred and is continuing or would result therefrom, each of the Borrower and any Loan Party may merge into or consolidate with any other Person or permit any other Person
to merge into or consolidate with it; provided, however, that in each case, immediately after giving effect thereto (i) in the case of any such merger to which the Borrower is a party, the Borrower is the surviving Person and
(ii) in the case of any such merger to which any Loan Party (other than the Borrower) is a party, such Loan Party is the surviving Person; 
 (e) any Public Offering of equity interests in the Borrower, any follow-on offerings thereafter, any private offerings of equity interests of Borrower and any other activities in connection therewith, so
long as such offerings and activities could not be reasonably expected to have Material Adverse Effect or result in a Change of Control; 

  
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 (f) the mergers in connection with the Zep Acquisition as set forth in the Zoom Merger
Agreement, so long as (i) the Zep Acquisition Date occurs by no later than January 31, 2014, (ii) Administrative Agent shall have received the Zep Acquisition Certificate prior to the Zep Acquisition Date, (iii) within 5 Business
Days after the consummation thereof, Administrative Agent shall have received a certificate of merger issued by the Secretary of State of the State of California evidencing the merger pursuant to the Zoom Merger Agreement, and
(iv) Administrative Agent shall have received (as required to maintain the related representations and warranties as true and correct in all material respects) updated Schedules 5.10, 5.20(a), 5.21(b), 5.21(c), 5.21(d)(i), 5.21(d)(ii), 5.21(e),
5.21(f), 5.21(g)(i), 5.21(g)(ii), and 5.21(h), prepared as of the Zep Acquisition Date and solely reflecting the additional information to be added to such schedules as a result of the Zep Acquisition (such updated schedules shall automatically and
immediately be deemed to supplement the schedules previously delivered to Administrative Agent and attached to and made part of this Agreement); and 
 (g) Disposition of Equity Interests in or assets of Excluded Subsidiaries as permitted by Section 7.05(e). 
 Section 7.05 Dispositions. 
 Make any Disposition or enter into
any agreement to make any Disposition, except: 
 (a) Permitted Dispositions; 

(b) Dispositions of obsolete or worn out property, whether now owned or hereafter acquired, in the ordinary course of business;

 (c) Dispositions of equipment or real property to the extent that (i) such property is exchanged for credit against the
purchase price of similar replacement property or (ii) the proceeds of such Disposition are reasonably promptly applied to the purchase price of such replacement property; 

(d) Dispositions permitted by Section 7.04; 
 (e) Dispositions of Equity Interests in, or assets of, Excluded Subsidiaries so long as (i) the Tax Equity Commitments or Backlever Financing of such Excluded Subsidiary and its partially or wholly
owned subsidiaries, if any, are not included in the calculation of Available Take-Out and the exclusion of such Tax Equity Commitments or Backlever Financings from the calculation of Available Take-Out does not result in a Borrowing Base Deficiency,
(ii) consideration received for such Disposition is in Cash or Cash Equivalents, and (iii) the net proceeds (after deduction of reasonable fees and expenses), if any, is distributed directly to Borrower; 

(f) other Dispositions so long as (i) the consideration paid in connection therewith shall be cash or Cash Equivalents paid
contemporaneously with consummation of the transaction and shall be in an amount not less than the fair market value of the property disposed of, (ii) if such transaction is a Sale and Leaseback Transaction, such transaction is not prohibited
by the terms of Section 7.14, (iii) such transaction does not involve the sale or other disposition of Equity Interests in any Subsidiary, (iv) such transaction does not involve a sale or other disposition of receivables other than
receivables owned by or attributable to other property concurrently being disposed of in a transaction otherwise permitted under this Section, and (v) the aggregate net book value of all of the assets sold or otherwise disposed of by the Loan
Parties and their Subsidiaries in all such transactions in any fiscal year of the Borrower shall not exceed $3,000,000; 

  
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 (g) Disposition of assets of an Excluded Subsidiary as a result of a foreclosure of a
Permitted Lien in connection with a Backlever Financing or System Refinancing so long as such foreclosure does not result in a Borrowing Base Deficiency; and 
 (h) Dispositions made in the ordinary course of business in accordance with the applicable Tax Equity Documents. 
 Section 7.06 Restricted Payments. 
 Declare or make, directly or
indirectly, any Restricted Payment, or incur any obligation (contingent or otherwise) to do so, except that, so long as no Default shall have occurred and be continuing at the time of any action described below or would result therefrom: 

(a) each Subsidiary may make Restricted Payments to any Person that owns Equity Interests in such Subsidiary, ratably according to their
respective holdings of the type of Equity Interest in respect of which such Restricted Payment is being made; 
 (b) the
Borrower and each Subsidiary may declare and make dividend payments or other distributions payable solely in common Equity Interests of such Person; 
 (c) the exercise of stock repurchase rights of Borrower in connection with shareholder’s right of first refusal as set forth in Borrower’s stock option plan; 

(d) the Borrower may make other Restricted Payments in an aggregate amount during any fiscal year of the Borrower not to exceed
$5,000,000; 
 (e) notwithstanding the foregoing, even if a Default has occurred and is continuing, the Borrower may make equity
grants in the ordinary course of business in connection with Borrower’s stock option plan; 
 (f) the Borrower may pay
earnouts in connection with Permitted Acquisition; provided, that, at any time a Default exists Borrower may only pay earnouts in Equity Interests of Borrower; provided, further, that, a Default set forth in Section 8.01(k)
shall not be existing after giving effect to the payment of any such earnout in Equity Interests; and 
 (g) the Borrower may
make Restricted Payments in connection with the redemption of, and any cash paid for fractional shares of, the Equity Interests of Borrower upon conversion of the Permitted Convertible Indebtedness. 

Section 7.07 Change in Nature of Business. 
 Engage in any material line of business substantially different from those lines of business conducted by the Borrower and its Subsidiaries on the date hereof or any business substantially related or
incidental thereto which could reasonably be expected to have a Material Adverse Effect. 

  
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 Section 7.08 Transactions with Affiliates. 

Enter into or permit to exist any transaction or series of transactions with any officer, director or Affiliate of such Person other than
(a) advances of working capital to any Loan Party, (b) transfers of cash and assets to any Loan Party, (c) intercompany transactions expressly permitted by this Agreement, (d) normal and reasonable compensation (including grant
of stock options in accordance with Borrower’s stock option plan) and reimbursement of expenses of officers and directors, (e) except as otherwise specifically limited in this Agreement, other transactions which are entered into in the
ordinary course of such Person’s business on fair and reasonable terms and conditions substantially as favorable to such Person as would be obtainable by it in a comparable arm’s length transaction with a Person other than an officer,
director or Affiliate, (f) transactions contemplated by the Tax Equity Documents, Backlever Financings or System Refinancings, (g) transactions with Tesla Motors, Inc. with respect to the sharing of battery technologies and use of joint
facilities for sales and marketing purpose, and (h) transactions approved by the board of directors of the Borrower or any authorized committee thereof, provided that such approval shall have included a determination by the board of directors
or such committee, as the case may be, that such transaction is fair to, and in the best interest of, the Borrower. 
 Section 7.09
Burdensome Agreements. 
 Enter into, or permit to exist, any Contractual Obligation (except for this Agreement and
the other Loan Documents) that (a) restricts the ability of any such Loan Party to (i) to act as a Loan Party; (ii) make Restricted Payments to any Loan Party, (iii) pay any Indebtedness or other obligation owed to any Loan
Party, (iv) make loans or advances to any Loan Party, or (v) create any Lien upon any of their properties or assets, whether now owned or hereafter acquired, except, in the case of clause (a)(v) only, for any document or instrument
governing Indebtedness incurred pursuant to Section 7.02(c), provided that any such restriction contained therein relates only to the asset or assets constructed or acquired in connection therewith, or (b) requires the grant of any
Lien on property for any obligation if a Lien on such property is given as security for the Secured Obligations. 
 Section 7.10 Use
of Proceeds. 
 Use the proceeds of any Credit Extension, whether directly or indirectly, and whether immediately,
incidentally or ultimately, to purchase or carry margin stock (within the meaning of Regulation U of the FRB) or to extend credit to others for the purpose of purchasing or carrying margin stock or to refund indebtedness originally incurred for such
purpose. 
 Section 7.11 Financial Covenants. 
 (a) Interest Coverage Ratio. Permit the Interest Coverage Ratio of the Borrower to be less than 1.50:1.00, measured quarterly as of the last day of each quarter. 

(b) Unencumbered Liquidity. Permit the Unencumbered Liquidity of the Borrower to be less than $50,000,000, measured monthly as of
the last day of each month; provided, that an Event of Default shall not be deemed to have occurred solely as a result of Borrower’s failure to maintain an Unencumbered Liquidity of at least $50,000,000 as of any month end unless its
Unencumbered Liquidity is less then such amount on two consecutive measurement dates; further provided, that Unencumbered Liquidity shall not be less than $40,000,000 as of the last day of any month. 

  
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 Section 7.12 Capital Expenditures. 

Make or become legally obligated to make any Capital Expenditure, except for Capital Expenditures in the ordinary course of business not
exceeding, in the aggregate for the Borrower and its Subsidiaries during each fiscal year set forth below, the amount set forth opposite such fiscal year: 
  

					
	 Fiscal Year
	  	Amount	 
	 2013
	  	$	15,000,000	  
	 2014
	  	$	15,000,000	  
	 2015
	  	$	20,000,000	  
	 2016
	  	$	20,000,000	  

 Section 7.13 Amendments of Organization Documents; Fiscal Year; Legal Name, State of Formation; Form of Entity
and Accounting Changes. 
 (a) Amend any of its Organization Documents in a manner that could reasonably be expected to
lead to a Material Adverse Effect; 
 (b) change its fiscal year; 

(c) without providing thirty (30) days prior written notice to the Administrative Agent (or such extended period of time as agreed
to by the Administrative Agent), change its name, state of formation, form of organization or principal place of business; or 

(d) make any change in accounting policies or reporting practices, except as required by GAAP or as required by Borrower’s external
auditors. 
 Section 7.14 Sale and Leaseback Transactions. 

Enter into any Sale and Leaseback Transaction other than (i) a Sale and Leaseback Transaction of vehicles pursuant to the Existing
Vehicle Financing, (ii) a Sale and Leaseback Transaction of office and computer equipment in the ordinary course of business, and (iii) a Sale and Leaseback Transaction for the sale of PV Systems in the ordinary course of Borrower’s
business pursuant to a Sale-Leaseback Structure. 
 Section 7.15 Host Customer Agreements. 

Make any material amendments to its forms of Host Customer Agreements as disclosed to Administrative Agent on the Closing Date in a manner
that could be reasonably expected to lead to a Material Adverse Effect. 
 Section 7.16 General. 

Except with respect to Sections 7.06(b) and 7.09(a)(ii) which shall at all times be applicable to Borrower and each of its Subsidiaries,
the covenants set forth in this Article VII shall in no way be applicable to the activities of the Excluded Subsidiaries required, contemplated or permitted under (i) the Tax Equity Documents, Backlever Financings and System Refinancings in
effect on the Closing Date, (ii) the Tax Equity Documents, documents related to Backlever Financings executed after the Closing Date which are materially similar to the Tax Equity Documents and documents related to Backlever Financings in
effect on the Closing Date or otherwise approved in accordance with Section 2.01(b)(ii), and (iii) all other Tax Equity Documents, Backlever Financings or System Refinancings to the extent the obligations


  
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of Borrower and its Subsidiaries thereunder (x) do not materially impair the ability of any Loan Party to perform its obligations under any Loan Document to which it is a party,
(y) could be reasonably expected to result in a Material Adverse Effect or (z) do not restrict the ability of any Excluded Subsidiary to perform its obligations under the Payment Direction Letter; provided, however, under no circumstance
shall a Subsidiary shall incur a Lien on the assets or equity of any Loan Party. 
 Section 7.17 Prepayment of Notes.

 Voluntarily prepay, redeem, purchase, defease or otherwise satisfy in any manner (including by the exercise of any right
of setoff) the obligations owed under the Notes. 
 Section 7.18 [***] Agreement. 

Allow the aggregate payments made by [***] pursuant to [***] Agreement to Borrower and its Affiliates under the [***] Agreement to exceed
$[***]. 
 ARTICLE VIII 
 EVENTS OF DEFAULT AND REMEDIES 
 Section 8.01 Events of Default.

 Any of the following shall constitute an “Event of Default”: 

(a) Non-Payment. The Borrower or any other Loan Party fails to pay (i) when and as required to be paid herein, any amount of
principal of any Loan or any L/C Obligation or deposit any funds as Cash Collateral in respect of L/C Obligations, or (ii) within three (3) days after the same becomes due, any interest on any Loan or on any L/C Obligation, or any fee due
hereunder, or (iii) within five (5) days after the same becomes due, any other amount payable hereunder or under any other Loan Document; or 
 (b) Specific Covenants. (i) Any Loan Party fails to perform or observe any term, covenant or agreement contained in any of Section 6.01, 6.02, 6.03, 6.05, 6.08, 6.10, 6.11, 6.12, 6.16,
Article VII or Article X or (ii) any of the Loan Parties fails to perform or observe any term, covenant or agreement contained in the Security Agreement; or 
 (c) Other Defaults. Any Loan Party fails to perform or observe any other covenant or agreement (not specified in Section 8.01(a) or (b) above) contained in any Loan Document on its part
to be performed or observed and such failure continues for thirty (30) days; or 
 (d) Representations and
Warranties. Any representation, warranty, certification or statement of fact made or deemed made by or on behalf of the Borrower or any other Loan Party herein, in any other Loan Document, or in any document delivered in connection herewith or
therewith shall be incorrect or misleading when made or deemed made; or 
 (e) Cross-Default. (i) Any Loan Party or
any Subsidiary thereof (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 Swap Contracts) having an aggregate principal amount (including undrawn committed or available amounts and including amounts owing to all creditors under any combined or 

  
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syndicated credit arrangement) of more than the $10,000,000, 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, in each case 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 or any other event occurs, the effect of which default or other event is to cause, or to permit the holder or holders of such Indebtedness or the beneficiary or beneficiaries of such 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; (ii) there
occurs under any Swap Contract an Early Termination Date (as defined in such Swap Contract) resulting from (A) any event of default under such Swap Contract as to which a Loan Party or any Subsidiary thereof is the Defaulting Party (as defined
in such Swap Contract) or (B) any Termination Event (as so defined) under such Swap Contract as to which a Loan Party or any Subsidiary thereof is an Affected Party (as so defined) and, in either event, the Swap Termination Value owed by such
Loan Party or such Subsidiary as a result thereof is greater than the Threshold Amount; or 
 (f) Insolvency Proceedings,
Etc. Any Loan Party or any Subsidiary thereof institutes or consents to the institution of any proceeding under any Debtor Relief Law, or makes an assignment for the benefit of creditors; or applies for or consents to the appointment of any
receiver, trustee, custodian, conservator, liquidator, rehabilitator or similar officer for it or for all or any material part of its property; or any receiver, trustee, custodian, conservator, liquidator, rehabilitator or similar officer is
appointed without the application or consent of such Person and the appointment continues undischarged or unstayed for sixty (60) calendar days; or any proceeding under any Debtor Relief Law relating to any such Person or to all or any material
part of its property is instituted without the consent of such Person and continues undismissed or unstayed for sixty (60) calendar days, or an order for relief is entered in any such proceeding; or 

(g) Inability to Pay Debts; Attachment. (i) Any Loan Party or any Subsidiary thereof becomes unable or admits in writing its
inability or fails generally to pay its debts as they become due, or (ii) any writ or warrant of attachment or execution or similar process is issued or levied against all or any material part of the property of any such Person and is not
released, vacated or fully bonded within thirty (30) days after its issue or levy; or 
 (h) Judgments. There is
entered against any Loan Party or any Subsidiary thereof (i) one or more final judgments or orders for the payment of money in an aggregate amount (as to all such judgments and orders) exceeding the Threshold Amount (to the extent not covered
by independent third-party insurance as to which the insurer is rated at least “A” by A.M. Best Company, has been notified of the potential claim and does not dispute coverage), or (ii) any one or more non-monetary final judgments
that have, or could reasonably be expected to have, individually or in the aggregate, a Material Adverse Effect and, in either case, (A) enforcement proceedings are commenced by any creditor upon such judgment or order, or (B) there is a
period of ten (10) consecutive days during which a stay of enforcement of such judgment, by reason of a pending appeal or otherwise, is not in effect; or 
 (i) ERISA. (i) An ERISA Event occurs with respect to a Pension Plan or Multiemployer Plan which has resulted or could reasonably be expected to result in liability of any Loan Party under
Title IV of ERISA to the Pension Plan, Multiemployer Plan or the PBGC in an aggregate amount in excess of the Threshold Amount, or (ii) the Borrower or any ERISA Affiliate fails to pay when due, after the expiration of any applicable grace
period, any installment payment with respect to its withdrawal liability under Section 4201 of ERISA under a Multiemployer Plan in an aggregate amount in excess of the Threshold Amount; or 

  
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 (j) Invalidity of Loan Documents. Any provision of any Loan Document, at any time
after its execution and delivery and for any reason other than as expressly permitted hereunder or thereunder or satisfaction in full of all Obligations arising under the Loan Documents, ceases to be in full force and effect; or any Loan Party or
any other Person contests in any manner the validity or enforceability of any provision of any Loan Document; or any Loan Party denies that it has any or further liability or obligation under any provision of any Loan Document, or purports to
revoke, terminate or rescind any provision of any Loan Document; or 
 (k) Change of Control. There occurs any Change of
Control; or 
 (l) Uninsured Loss. Any uninsured damage to or theft or destruction of any assets of the Loan Parties or
any of their Subsidiaries shall occur that is in excess of $10,000,000 (excluding customary deductible thresholds established in accordance with historical past practices). 
 provided, however, with respect to an Excluded Subsidiary, an Event of Default shall not be deemed to have occurred pursuant to Sections 8.01(e), (f), (g), and
(h) unless the breach under such Sections could reasonably be expected to have a Material Adverse Effect or adversely affect such Excluded Subsidiary’s ability to make required distributions or payments to Borrower. 

Without limiting the provisions of Article IX, if a Default shall have occurred under the Loan Documents, then such Default will continue
to exist until it either is cured (to the extent specifically permitted) in accordance with the Loan Documents or is otherwise expressly waived by Administrative Agent (with the approval of requisite Appropriate Lenders (in their sole discretion) as
determined in accordance with Section 11.01; and once an Event of Default occurs under the Loan Documents, then such Event of Default will continue to exist until it is expressly waived by the requisite Appropriate Lenders or by the
Administrative Agent with the approval of the requisite Appropriate Lenders, as required hereunder in Section 11.01. 

Section 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 Required Lenders, take any or all of the following actions:

 (a) declare the Commitment of each Lender to make Loans and any obligation of the L/C Issuer to make L/C Credit Extensions to
be terminated, whereupon such commitments and obligation shall be terminated; 
 (b) declare the unpaid principal amount of all
outstanding Loans, all interest accrued and unpaid thereon, and all other amounts owing or payable hereunder or under any other Loan Document to be immediately due and payable, without presentment, demand, protest or other notice of any kind, all of
which are hereby expressly waived by the Borrower; 
 (c) require that the Borrower Cash Collateralize the L/C Obligations (in
an amount equal to the Minimum Collateral Amount with respect thereto); and 
 (d) exercise on behalf of itself, the Lenders and
the L/C Issuer all rights and remedies available to it, the Lenders and the L/C Issuer under the Loan Documents or applicable Law or equity; 

  
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 provided, however, that upon the occurrence of an actual or deemed entry of an order for
relief with respect to the Borrower under the Bankruptcy Code of the United States, the obligation of each Lender to make Loans and any obligation of the L/C Issuer to make L/C Credit Extensions shall automatically terminate, the unpaid principal
amount of all outstanding Loans and all interest and other amounts as aforesaid shall automatically become due and payable, and the obligation of the Borrower to Cash Collateralize the L/C Obligations as aforesaid shall automatically become
effective, in each case without further act of the Administrative Agent or any Lender. 
 Section 8.03 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 L/C Obligations have automatically been required to be Cash Collateralized as set forth in the proviso to Section 8.02) or if at any time insufficient funds are received by and available to the Administrative Agent to
pay fully all Secured Obligations then due hereunder, any amounts received on account of the Secured Obligations shall, subject to the provisions of Sections 2.14 and 2.15, be applied by the Administrative Agent in the following order: 

First, to payment of that portion of the Secured 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 Secured Obligations constituting fees, indemnities and other amounts (other than principal, interest and Letter of Credit Fees) payable to the Lenders and
the L/C Issuer (including fees, charges and disbursements of counsel to the respective Lenders and the L/C Issuer arising under the Loan Documents and amounts payable under Article III, ratably among them in proportion to the respective amounts
described in this clause Second payable to them; 
 Third, to payment of that portion of the Secured Obligations
constituting accrued and unpaid Letter of Credit Fees and interest on the Loans, L/C Borrowings and other Secured Obligations arising under the Loan Documents, ratably among the Lenders and the L/C Issuer in proportion to the respective amounts
described in this clause Third payable to them; 
 Fourth, to payment of that portion of the Secured Obligations
constituting unpaid principal of the Loans, L/C Borrowings and Secured Obligations then owing under Secured Hedge Agreements and Secured Cash Management Agreements, ratably among the Lenders, the L/C Issuer, the Hedge Banks and the Cash Management
Banks in proportion to the respective amounts described in this clause Fourth held by them; 
 Fifth, to the
Administrative Agent for the account of the L/C Issuer, to Cash Collateralize that portion of L/C Obligations comprised of the aggregate undrawn amount of Letters of Credit to the extent not otherwise Cash Collateralized by the Borrower pursuant to
Sections 2.03 and 2.14; and 
 Last, the balance, if any, after all of the Secured Obligations have been indefeasibly
paid in full, to the Borrower or as otherwise required by Law. 
 Subject to Sections 2.03(c) and 2.14, amounts used to Cash
Collateralize the aggregate undrawn amount of Letters of Credit pursuant to clause Fifth above shall be applied to satisfy drawings under such Letters of Credit as they occur. If any amount remains on deposit as Cash Collateral after all
Letters of Credit have either been fully drawn or expired, such remaining amount shall be applied to the other Secured Obligations, if any, in the order set forth above. Excluded Swap Obligations with respect to any


  
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Guarantor shall not be paid with amounts received from such Guarantor or its assets, but appropriate adjustments shall be made with respect to payments from other Loan Parties to preserve the
allocation to Secured Obligations otherwise set forth above in this Section. 
 Notwithstanding the foregoing, Secured
Obligations arising under Secured Cash Management Agreements and Secured Hedge Agreements shall be excluded from the application described above if the Administrative Agent has not received a Secured Party Designation Notice, together with such
supporting documentation as the Administrative Agent may request, from the applicable Cash Management Bank or Hedge Bank, as the case may be. Each Cash Management Bank or Hedge Bank not a party to this Agreement that has given the notice
contemplated by the preceding sentence shall, by such notice, be deemed to have acknowledged and accepted the appointment of the Administrative Agent pursuant to the terms of Article IX for itself and its Affiliates as if a “Lender” party
hereto. 
 ARTICLE IX  
 ADMINISTRATIVE AGENT 
 Section 9.01 Appointment and Authority.

 (a) Appointment. Each of the Lenders and the L/C Issuer hereby irrevocably appoints, designates and authorizes Bank
of America 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. The provisions of this Article are solely for the benefit of the Administrative Agent, the Lenders and the L/C Issuer, and neither the
Borrower nor any other Loan Party shall have rights as a third party beneficiary of any of such provisions. It is understood and agreed that the use of the term “agent” herein or in any other Loan Documents (or any other similar term) with
reference to the Administrative Agent is not intended to connote any fiduciary or other implied (or express) obligations arising under agency doctrine of any applicable Law. Instead such term is used as a matter of market custom, and is intended to
create or reflect only an administrative relationship between contracting parties. 
 (b) Collateral Agent. The
Administrative Agent shall also act as the “collateral agent” under the Loan Documents, and each of the Lenders (including in its capacities as a potential Hedge Bank and a potential Cash Management Bank) and the L/C Issuer hereby
irrevocably appoints and authorizes the Administrative Agent to act as the agent of such Lender and the L/C Issuer for purposes of acquiring, holding and enforcing any and all Liens on Collateral granted by any of the Loan Parties to secure any of
the Secured Obligations, together with such powers and discretion as are reasonably incidental thereto. In this connection, the Administrative Agent, as “collateral agent” and any co-agents, sub-agents and attorneys-in-fact appointed by
the Administrative Agent pursuant to Section 9.05 for purposes of holding or enforcing any Lien on the Collateral (or any portion thereof) granted under the Collateral Documents, or for exercising any rights and remedies thereunder at the
direction of the Administrative Agent), shall be entitled to the benefits of all provisions of this Article IX and Article XI (including Section 11.04(c), as though such co-agents, sub-agents and attorneys-in-fact were the “collateral
agent” under the Loan Documents) as if set forth in full herein with respect thereto. 
 Section 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
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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, own securities of, act as the financial advisor or in any other advisory capacity for and generally engage in any kind
of banking, trust, financial, advisory, underwriting or other business with any Loan Party 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 or to provide notice to or consent of the Lenders with respect thereto. 
 Section 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, and its duties hereunder shall be administrative in nature. Without limiting the generality of the foregoing, the Administrative Agent and its Related Parties: 
 (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 Required 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, including for the
avoidance of doubt any action that may be in violation of the automatic stay under any Debtor Relief Law or that may effect a forfeiture, modification or termination of property of a Defaulting Lender in violation of any Debtor Relief Law; and

 (c) shall not, except as expressly set forth herein and in the other Loan Documents, have any duty or responsibility to
disclose, and shall not be liable for the failure to disclose, any information relating to any Loan Party 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. 
 Neither the Administrative Agent nor any of its Related Parties shall be liable for any action taken or not taken
by the Administrative Agent under or in connection with this Agreement or any other Loan Document or the transactions contemplated hereby or thereby (i) with the consent or at the request of the Required 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 11.01 and 8.02) or (ii) in the absence of its own gross negligence
or willful misconduct as determined by a court of competent jurisdiction by final and nonappealable judgment. Any such action taken or failure to act pursuant to the foregoing shall be binding on all Lenders. The Administrative Agent shall be deemed
not to have knowledge of any Default unless and until notice describing such Default is given in writing to the Administrative Agent by the Borrower, a Lender or the L/C Issuer. 

Neither the Administrative Agent nor any of its Related Parties have any duty or obligation to any Lender or participant or any other
Person 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 

  
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terms or conditions set 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 the creation, perfection or priority of any Lien purported to be created by the Collateral Documents, (v) the value or the sufficiency of any Collateral, or (vi) 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. 
 Section 9.04 Reliance by Administrative Agent. 
 The
Administrative Agent shall be entitled to rely upon, and shall be fully protected in relying and shall not incur any liability for relying upon, any notice, request, certificate, communication, 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 be fully protected in relying 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, extension, renewal or increase of a Letter of Credit, that by its terms must be fulfilled to the satisfaction of a Lender or the L/C Issuer, the Administrative Agent may presume that such
condition is satisfactory to such Lender or the L/C Issuer unless the Administrative Agent shall have received notice to the contrary from such Lender or the L/C 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 Loan Parties), 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. For purposes of determining compliance with the conditions specified in Section 4.01, each Lender that has signed this Agreement shall be deemed to have consented to, approved or accepted or to be
satisfied with, each document or other matter 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 Closing
Date specifying its objections. 
 Section 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 Facility as well as activities as Administrative Agent. The Administrative Agent shall not be responsible for the negligence or misconduct of any sub-agents except to the extent that a court of competent jurisdiction determines in a final and
non-appealable judgment that the Administrative Agent acted with gross negligence or willful misconduct in the selection of such sub-agents. 

Section 9.06 Resignation of Administrative Agent. 
 (a) Notice. The Administrative Agent may at any time give notice of its resignation to the Lenders, the L/C Issuer and the Borrower. Upon receipt of any such notice of resignation, the Required
Lenders shall have the right, in consultation with the Borrower, to appoint a successor, which shall be a bank with an office in the United States, or an Affiliate of any such bank with an office in the United


  
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States. If no such successor shall have been so appointed by the Required Lenders and shall have accepted such appointment within thirty (30) days after the retiring Administrative Agent
gives notice of its resignation (or such earlier days as shall be agreed by the Required Lenders)(the “Resignation Effective Date”), then the retiring Administrative Agent may (but shall not be obligated to) on behalf of the Lenders
and the L/C Issuer, appoint a successor Administrative Agent meeting the qualifications set forth above. Whether or not a successor has been appointed, such resignation shall become effective in accordance with the notice on the Resignation
Effective Date. 
 (b) Defaulting Lender. If the Person serving as Administrative Agent is a Defaulting Lender pursuant
to clause (d) of the definition thereof, the Required Lenders may, to the extent permitted by applicable Law, by notice in writing to the Borrower and such Person remove such Person as Administrative Agent and, in consultation with the
Borrower, appoint a successor. If no such successor shall have been so appointed by the Required Lenders and shall have accepted such appointment within thirty (30) days (or such earlier day as shall be agreed by the Required Lenders) (the
“Removal Effective Date”), then such removal shall nonetheless become effective in accordance with such notice on the Removal Effective Date. 
 (b) Effect of Resignation or Removal. With effect from the Resignation Effective Date or the Removal Effective Date (as applicable) (i) the retiring or removed Administrative Agent shall be
discharged from its duties and obligations hereunder and under the other Loan Documents (except that in the case of any collateral security held by the Administrative Agent on behalf of the Lenders or the L/C Issuer under any of the Loan Documents,
the retiring or removed Administrative Agent shall continue to hold such collateral security until such time as a successor Administrative Agent is appointed) and (ii) except for any indemnity payments or other amounts then owed to the retiring
or removed Administrative Agent, 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 L/C Issuer directly, until such time, if any, as the
Required Lenders appoint a successor Administrative Agent as provided for above. 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 removed) Administrative Agent (other than as provided in Section 3.01(g) and other than any rights to indemnity payments or other amounts owed to the retiring or removed Administrative Agent as
of the Resignation Effective Date or the Removal Effective Date, as applicable), and the retiring or removed 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 or removed Administrative Agent’s resignation or removal hereunder and under the other Loan Documents, the provisions of this Article and Section 11.04 shall continue in effect for the benefit of such retiring or removed
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 or removed Administrative Agent was acting as Administrative Agent. 

(c) L/C Issuer and Swingline Lender. Any resignation by Bank of America as Administrative Agent pursuant to this Section shall
also constitute its resignation as L/C Issuer and Swingline Lender. If Bank of America resigns as an L/C Issuer, it shall retain all the rights, powers, privileges and duties of the L/C Issuer hereunder with respect to all Letters of Credit
outstanding as of the effective date of its resignation as L/C Issuer and all L/C Obligations with respect thereto, including the right to require the Lenders to make Base Rate Loans or fund risk participations in Unreimbursed Amounts pursuant to
Section 2.03(c). If Bank of America resigns as Swingline Lender, it shall retain all the rights of the Swingline Lender provided for hereunder with respect to Swingline Loans made by it and outstanding as of the effective date of such
resignation, including the right to require the Lenders to make Base Rate Loans or fund risk participations in 

  
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outstanding Swingline Loans pursuant to Section 2.04(c). Upon the appointment by the Borrower of a successor L/C Issuer or Swingline Lender hereunder (which successor shall in all cases be a
Lender other than a Defaulting Lender), (i) such successor shall succeed to and become vested with all of the rights, powers, privileges and duties of the retiring L/C Issuer or Swingline Lender, as applicable, (ii) the retiring L/C Issuer
and Swingline Lender shall be discharged from all of their respective duties and obligations hereunder or under the other Loan Documents, and (iii) the successor L/C Issuer shall issue letters of credit in substitution for the Letters of
Credit, if any, outstanding at the time of such succession or make other arrangements satisfactory to Bank of America to effectively assume the obligations of Bank of America with respect to such Letters of Credit. 

Section 9.07 Non-Reliance on Administrative Agent and Other Lenders. 

Each Lender and the L/C 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 L/C 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. 
 Section 9.08 No Other Duties, Etc. 
 Anything herein to the
contrary notwithstanding, none of the titles 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 the Administrative
Agent, the Arranger, a Lender or the L/C Issuer hereunder. 
 Section 9.09 Administrative Agent May File Proofs of Claim; Credit
Bidding. 
 In case of the pendency of any proceeding under any Debtor Relief Law or any other judicial proceeding
relative to any Loan Party, the Administrative Agent (irrespective of whether the principal of any Loan or L/C Obligation shall then be due and payable as herein expressed or by declaration or otherwise and irrespective of whether the Administrative
Agent shall have made any demand on the Borrower) 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, L/C Obligations and all other Secured 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 L/C Issuer and the Administrative Agent (including any claim for the reasonable compensation, expenses, disbursements and advances of the
Lenders, the L/C Issuer and the Administrative Agent and their respective agents and counsel and all other amounts due the Lenders, the L/C Issuer and the Administrative Agent under Sections 2.03(h) and (i), 2.09, and 11.04) 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; 

  
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 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 L/C 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 L/C 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 2.09 and 11.04. 
 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 L/C Issuer any plan of reorganization, arrangement, adjustment or composition affecting the Secured Obligations or the rights of any Lender or the L/C Issuer to authorize the
Administrative Agent to vote in respect of the claim of any Lender or the L/C Issuer or in any such proceeding. 
 The Loan
Parties and the Secured Parties hereby irrevocably authorize the Administrative Agent, based upon the instruction of the Required Lenders, to (a) credit bid and in such manner purchase (either directly or through one or more acquisition
vehicles) all or any portion of the Collateral at any sale thereof conducted under the provisions of the Bankruptcy Code of the United States, including under Section 363 of the Bankruptcy Code of the United States or any similar Laws in any
other jurisdictions to which a Loan Party is subject, or (b) credit bid and in such manner purchase (either directly or through one or more acquisition vehicles) all or any portion of the Collateral at any other sale or foreclosure conducted by
(or with the consent or at the direction of) the Administrative Agent (whether by judicial action or otherwise) in accordance with applicable Law. In connection with any such credit bid and purchase, the Secured Obligations owed to the Secured
Parties shall be entitled to be, and shall be, credit bid on a ratable basis (with Secured Obligations with respect to contingent or unliquidated claims being estimated for such purpose if the fixing or liquidation thereof would not unduly delay the
ability of the Administrative Agent to credit bid and purchase at such sale or other disposition of the Collateral and, if such claims cannot be estimated without unduly delaying the ability of the Administrative Agent to credit bid, then such
claims shall be disregarded, not credit bid, and not entitled to any interest in the asset or assets purchased by means of such credit bid) and the Secured Parties whose Secured Obligations are credit bid shall be entitled to receive interests
(ratably based upon the proportion of their Secured Obligations credit bid in relation to the aggregate amount of Secured Obligations so credit bid) in the asset or assets so purchased (or in the Equity Interests of the acquisition vehicle or
vehicles that are used to consummate such purchase). Except as provided above and otherwise expressly provided for herein or in the other Collateral Documents, the Administrative Agent will not execute and deliver a release of any Lien on any
Collateral. Upon request by the Administrative Agent or the Borrower at any time, the Secured Parties will confirm in writing the Administrative Agent’s authority to release any such Liens on particular types or items of Collateral pursuant to
this Section 9.09. 
 Section 9.10 Collateral and Guaranty Matters. 

Each of the Lenders (including in its capacities as a potential Cash Management Bank and a potential Hedge Bank) and the L/C Issuer
irrevocably authorize the Administrative Agent, at its option and in its discretion, 
 (a) to release any Lien on any property
granted to or held by the Administrative Agent under any Loan Document (i) upon the Facility Termination Date, (ii) that is sold or otherwise disposed of or to be sold or otherwise disposed of as part of or in connection with any sale or
other disposition permitted hereunder or under any other Loan Document, or (iii) if approved, authorized or ratified in writing by the Required Lenders in accordance with Section 11.01; 

  
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 (b) to subordinate any Lien on any property granted to or held by the Administrative Agent
under any Loan Document to the holder of any Lien on such property that is permitted by Section 7.01(i); 
 (c) to release
any Guarantor from its obligations under the Guaranty if such Person ceases to be a Subsidiary as a result of a transaction permitted under the Loan Documents or if such person becomes an Excluded Subsidiary; 

(d) to release any Lien on the assets or Equity Interests of a Subsidiary that becomes an Excluded Subsidiary. 

Upon request by the Administrative Agent at any time, the Required Lenders will confirm in writing the Administrative Agent’s
authority to release or subordinate its interest in particular types or items of property, or to release any Guarantor from its obligations under the Guaranty pursuant to this Section 9.10. In each case as specified in this Section 9.10,
the Administrative Agent will, at the Borrower’s expense, execute and deliver to the applicable Loan Party such documents as such Loan Party may reasonably request to evidence the release of such item of Collateral from the assignment and
security interest granted under the Collateral Documents or to subordinate its interest in such item, or to release such Guarantor from its obligations under the Guaranty, in each case in accordance with the terms of the Loan Documents and this
Section 9.10. 
 The Administrative Agent shall not be responsible for or have a duty to ascertain or inquire into any
representation or warranty regarding the existence, value or collectability of the Collateral, the existence, priority or perfection of the Administrative Agent’s Lien thereon, or any certificate prepared by any Loan Party in connection
therewith, nor shall the Administrative Agent be responsible or liable to the Lenders for any failure to monitor or maintain any portion of the Collateral. 
 Section 9.11 Secured Cash Management Agreements and Secured Hedge Agreements. 
 Except as otherwise expressly set forth herein, no Cash Management Bank or Hedge Bank that obtains the benefit of the provisions of Section 8.03, the Guaranty or any Collateral by virtue of the
provisions hereof or any Collateral Document shall have any right to notice of any action or to consent to, direct or object to any action hereunder or under any other Loan Document or otherwise in respect of the Collateral (including the release or
impairment of any Collateral) (or to notice of or to consent to any amendment, waiver or modification of the provisions hereof or of the Guaranty or any Collateral Document) other than in its capacity as a Lender and, in such case, only to the
extent expressly provided in the Loan Documents. Notwithstanding any other provision of this Article IX to the contrary, the Administrative Agent shall not be required to verify the payment of, or that other satisfactory arrangements have been made
with respect to, Secured Obligations arising under Secured Cash Management Agreements and Secured Hedge Agreements except to the extent expressly provided herein and unless the Administrative Agent has received a Secured Party Designation Notice of
such Secured Obligations, together with such supporting documentation as the Administrative Agent may request, from the applicable Cash Management Bank or Hedge Bank, as the case may be. The Administrative Agent shall not be required to verify the
payment of, or that other satisfactory arrangements have been made with respect to, Secured Obligations arising under Secured Cash Management Agreements and Secured Hedge Agreements in the case of the Facility Termination Date. 

  
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 ARTICLE X  
 CONTINUING GUARANTY 
 Section 10.01 Guaranty. 

Each Guarantor hereby absolutely and unconditionally, jointly and severally guarantees, as a guaranty of payment and performance and not
merely as a guaranty of collection, prompt payment when due, whether at stated maturity, by required prepayment, upon acceleration, demand or otherwise, and at all times thereafter, of any and all Obligations and Additional Secured Obligations (for
each Guarantor, subject to the proviso in this sentence, its “Guaranteed Obligations”); provided that liability of each Guarantor individually with respect to this Guaranty shall be limited to an aggregate amount equal to the
largest amount that would not render its obligations hereunder subject to avoidance under Section 548 of the Bankruptcy Code of the United States or any comparable provisions of any applicable state law. The Administrative Agent’s books
and records showing the amount of the Secured Obligations shall be admissible in evidence in any action or proceeding, and shall be binding upon each Guarantor, and conclusive for the purpose of establishing the amount of the Secured Obligations.
This Guaranty shall not be affected by the genuineness, validity, regularity or enforceability of the Secured Obligations or any instrument or agreement evidencing any Secured Obligations, or by the existence, validity, enforceability, perfection,
non-perfection or extent of any collateral therefor, or by any fact or circumstance relating to the Secured Obligations which might otherwise constitute a defense to the obligations of the Guarantors, or any of them, under this Guaranty, and each
Guarantor hereby irrevocably waives any defenses it may now have or hereafter acquire in any way relating to any or all of the foregoing. 

Section 10.02 Rights of Lenders. 
 Each Guarantor consents and agrees that the Secured Parties may, at any time and from time to time, without notice or demand, and without affecting the enforceability or continuing effectiveness hereof:
(a) amend, extend, renew, compromise, discharge, accelerate or otherwise change the time for payment or the terms of the Secured Obligations or any part thereof; (b) take, hold, exchange, enforce, waive, release, fail to perfect, sell, or
otherwise dispose of any security for the payment of this Guaranty or any Secured Obligations; (c) apply such security and direct the order or manner of sale thereof as the Administrative Agent, the L/C Issuer and the Lenders in their sole
discretion may determine; and (d) release or substitute one or more of any endorsers or other guarantors of any of the Secured Obligations. Without limiting the generality of the foregoing, each Guarantor consents to the taking of, or failure
to take, any action which might in any manner or to any extent vary the risks of such Guarantor under this Guaranty or which, but for this provision, might operate as a discharge of such Guarantor. 

Section 10.03 Certain Waivers. 
 Each Guarantor waives (a) any defense arising by reason of any disability or other defense of the Borrower or any other guarantor, or the cessation from any cause whatsoever (including any act or
omission of any Secured Party) of the liability of the Borrower or any other Loan Party; (b) any defense based on any claim that such Guarantor’s obligations exceed or are more burdensome than those of the Borrower or any other Loan Party;
(c) the benefit of any statute of limitations affecting any Guarantor’s liability hereunder; (d) any right to proceed against the Borrower or any other Loan Party, proceed against or exhaust any security for the Secured Obligations,
or pursue any other remedy in the power of any Secured Party whatsoever; (e) any benefit of and any right to participate in any security now or hereafter held by any Secured Party; and (f) to the fullest extent permitted by law, any and
all other defenses or benefits that may be derived from or afforded by applicable Law limiting the liability of or exonerating 

  
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guarantors or sureties. Each Guarantor expressly waives all setoffs and counterclaims and all presentments, demands for payment or performance, notices of nonpayment or nonperformance, protests,
notices of protest, notices of dishonor and all other notices or demands of any kind or nature whatsoever with respect to the Secured Obligations, and all notices of acceptance of this Guaranty or of the existence, creation or incurrence of new or
additional Secured Obligations. 
 Section 10.04 Obligations Independent. 

The obligations of each Guarantor hereunder are those of primary obligor, and not merely as surety, and are independent of the Secured
Obligations and the obligations of any other guarantor, and a separate action may be brought against each Guarantor to enforce this Guaranty whether or not the Borrower or any other person or entity is joined as a party. 

Section 10.05 Subrogation. 
 No Guarantor shall exercise any right of subrogation, contribution, indemnity, reimbursement or similar rights with respect to any payments it makes under this Guaranty until all of the Secured
Obligations and any amounts payable under this Guaranty have been indefeasibly paid and performed in full and the Commitments and the Facility are terminated. If any amounts are paid to a Guarantor in violation of the foregoing limitation, then such
amounts shall be held in trust for the benefit of the Secured Parties and shall forthwith be paid to the Secured Parties to reduce the amount of the Secured Obligations, whether matured or unmatured. 

Section 10.06 Termination; Reinstatement. 
 This Guaranty is a continuing and irrevocable guaranty of all Secured Obligations now or hereafter existing and shall remain in full force and effect until the Facility Termination Date. Notwithstanding
the foregoing, this Guaranty shall continue in full force and effect or be revived, as the case may be, if any payment by or on behalf of the Borrower or a Guarantor is made, or any of the Secured Parties exercises its right of setoff, in respect of
the Secured Obligations 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 any of
the Secured Parties in their discretion) to be repaid to a trustee, receiver or any other party, in connection with any proceeding under any Debtor Relief Laws or otherwise, all as if such payment had not been made or such setoff had not occurred
and whether or not the Secured Parties are in possession of or have released this Guaranty and regardless of any prior revocation, rescission, termination or reduction. The obligations of each Guarantor under this paragraph shall survive termination
of this Guaranty. 
 Section 10.07 Stay of Acceleration. 

If acceleration of the time for payment of any of the Secured Obligations is stayed, in connection with any case commenced by or against a
Guarantor or the Borrower under any Debtor Relief Laws, or otherwise, all such amounts shall nonetheless be payable by each Guarantor, jointly and severally, immediately upon demand by the Secured Parties. 

Section 10.08 Condition of Borrower. 
 Each Guarantor acknowledges and agrees that it has the sole responsibility for, and has adequate means of, obtaining from the Borrower and any other Guarantor such information concerning the financial
condition, business and operations of the Borrower and any such other Guarantor as such 

  
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Guarantor requires, and that none of the Secured Parties has any duty, and such Guarantor is not relying on the Secured Parties at any time, to disclose to it any information relating to the
business, operations or financial condition of the Borrower or any other guarantor (each Guarantor waiving any duty on the part of the Secured Parties to disclose such information and any defense relating to the failure to provide the same).

 Section 10.09 Appointment of Borrower. 
 Each of the Guarantors hereby appoints the Borrower to act as its agent for all purposes of this Agreement and the other Loan Documents and agrees that (a) the Borrower may execute such documents on
behalf of such Guarantor as the Borrower deems appropriate in its sole discretion and each Guarantor shall be obligated by all of the terms of any such document executed on its behalf, (b) any notice or communication delivered by the
Administrative Agent or the Lender to the Borrower shall be deemed delivered to each Guarantor and (c) the Administrative Agent or the Lenders may accept, and be permitted to rely on, any document, instrument or agreement executed by the
Borrower on behalf of each Guarantor. 
 Section 10.10 Right of Contribution. 

The Guarantors agree among themselves that, in connection with payments made hereunder, each Guarantor shall have contribution rights
against the other Guarantors as permitted under applicable Law. 
 Section 10.11 Keepwell. 

Each Loan Party that is a Qualified ECP Guarantor at the time the Guaranty or the grant of a Lien under the Loan Documents, in each case,
by any Specified Loan Party becomes effective with respect to any Swap Obligation, hereby jointly and severally, absolutely, unconditionally and irrevocably undertakes to provide such funds or other support to each Specified Loan Party with respect
to such Swap Obligation as may be needed by such Specified Loan Party from time to time to honor all of its obligations under the Loan Documents in respect of such Swap Obligation (but, in each case, only up to the maximum amount of such liability
that can be hereby incurred without rendering such Qualified ECP Guarantor’s obligations and undertakings under this Article X voidable under applicable law relating to fraudulent conveyance or fraudulent transfer, and not for any greater
amount). The obligations and undertakings of each Qualified ECP Guarantor under this Section shall remain in full force and effect until the Secured Obligations have been indefeasibly paid and performed in full. Each Loan Party intends this Section
to constitute, and this Section shall be deemed to constitute, a guarantee of the obligations of, and a “keepwell, support, or other agreement” for the benefit of, each Specified Loan Party for all purposes of the Commodity Exchange Act.

 ARTICLE XI 
 MISCELLANEOUS 
 Section 11.01 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 Loan Party therefrom, shall be effective unless in writing signed by the Required Lenders and the Borrower or the applicable Loan Party, 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, or, in the case of the initial Credit Extension, Section 4.02, without the
written consent of each Lender; 

  
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 (b) without limiting the generality of clause (a) above, waive any condition set forth
in Section 4.02 as to any Credit Extension without the written consent of the Required Lenders; 
 (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 (it being understood and agreed that a waiver of any condition precedent in Section 4.02 or of any
Default or a mandatory reduction in Commitments is not considered an extension or increase in Commitments of any Lender); 
 (c)
postpone any date fixed by this Agreement or any other Loan Document for any payment (excluding mandatory prepayments) of principal, interest, fees or other amounts due to the Lenders (or any of them) hereunder or under such other Loan Document
without the written consent of each Lender entitled to such payment; 
 (d) reduce the principal of, or the rate of interest
specified herein on, any Loan or L/C Borrowing, or (subject to clause (iv) of the second proviso to this Section 11.01) any fees or other amounts payable hereunder or under any other Loan Document without the written consent of each Lender
entitled to such amount; provided, however, that only the consent of the Required 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; 
 (e) change Section 8.03 in a manner that would alter the pro rata sharing of payments
required thereby without the written consent of each Lender; 
 (f) change any provision of this Section 11.01 or the
definition of “Required Lenders” or any other provision of any Loan Document specifying the number or percentage of Lenders required to amend, waive or otherwise modify any rights hereunder or thereunder or make any determination or grant
any consent hereunder, without the written consent of each Lender; 
 (g) release all or substantially all of the Collateral in
any transaction or series of related transactions (except with respect to Permitted Dispositions and Investments permitted under Section 7.03), without the written consent of each Lender; 

(h) release all or substantially all of the value of the Guaranty, without the written consent of each Lender, except to the extent the
release of any Guarantor from the Guaranty is permitted pursuant to Section 9.10 (in which case such release may be made by the Administrative Agent acting alone); or 
 (i) release the Borrower or permit the borrower to assign or transfer any of its rights or obligations under this Agreement or the other Loan Documents without the consent of each Lender; 

and provided, further, that (i) no amendment, waiver or consent shall, unless in writing and signed by the L/C Issuer in addition to
the Lenders required above, affect the rights or duties of the L/C 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 Swingline Lender in addition to the Lenders required above, affect the rights or duties of the Swingline Lender under this Agreement; (iii)

  
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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; 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, (A) no
Defaulting Lender shall have any right to approve or disapprove any amendment, waiver or consent hereunder (and any amendment, waiver or consent which by its terms requires the consent of all Lenders or each affected Lender, or all Lenders or each
affected Lender under the Facility, may be effected with the consent of the applicable Lenders other than Defaulting Lenders, except that (1) the Commitment of any Defaulting Lender may not be increased or extended without the consent of such
Lender and (2) any waiver, amendment or modification requiring the consent of all Lenders or each affected Lender, or all Lenders or each affected Lender under the Facility, that by its terms affects any Defaulting Lender disproportionately
adversely relative to other affected Lenders shall require the consent of such Defaulting Lender; (B) each Lender is entitled to vote as such Lender sees fit on any bankruptcy reorganization plan that affects the Loans, and each Lender
acknowledges that the provisions of Section 1126(c) of the Bankruptcy Code of the United States supersedes the unanimous consent provisions set forth herein and (C) the Required Lenders shall determine whether or not to allow a Loan Party
to use cash collateral in the context of a bankruptcy or insolvency proceeding and such determination shall be binding on all of the Lenders. 

Notwithstanding anything to the contrary herein the Administrative Agent may, with the prior written consent of the Borrower only, amend, modify or
supplement this Agreement or any of the other Loan Documents to cure any ambiguity, omission, mistake, defect or inconsistency. 

Notwithstanding any provision herein to the contrary, this Agreement may be amended with the written consent of the Required Lenders, the Administrative
Agent and the Borrower (I) to add one or more additional revolving credit or term loan facilities to this Agreement and to permit the extensions of credit and all related obligations and liabilities arising in connection therewith from time to
time outstanding to share ratably (or on a basis subordinated to the existing facilities hereunder) in the benefits of this Agreement and the other Loan Documents with the obligations and liabilities from time to time outstanding in respect of the
existing facilities hereunder, and (II) in connection with the foregoing, to permit, as deemed appropriate by the Administrative Agent and approved by the Required Lenders, the Lenders providing such additional credit facilities to obtain comparable
tranche voting rights with respect to each such new facility and to participate in any required vote or action required to be approved by the Required Lenders or by any other number, percentage or class of Lenders hereunder. 

If any Lender does not consent to a proposed amendment, waiver, consent or release with respect to any Loan Document that requires the consent of each
Lender and that has been approved by the Required Lenders, the Borrower may replace such Non-Consenting Lender in accordance with Section 11.13; provided that, such amendment, waiver, consent or release can be effected as a result of the
assignment contemplated by such Section (together with all other such assignments required by the Borrower to be made pursuant to this paragraph). 
 Section 11.02 Notices; Effectiveness; Electronic Communications. 

(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 fax
transmission or e-mail transmission 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 or any other Loan Party, the Administrative Agent, the L/C Issuer or the Swingline Lender, to the address,
facsimile number, e-mail address or telephone number specified for such Person on Schedule 1.01(a); and 
 (ii) if to any
other Lender, to the address, facsimile number, e-mail address or telephone number specified in its Administrative Questionnaire (including, as appropriate, notices delivered solely to the Person designated by a Lender on its Administrative
Questionnaire then in effect for the delivery of notices that may contain material non-public information relating to the Borrower). 

  
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 Notices and other communications sent by hand or overnight courier service, or mailed by
certified or registered mail, shall be deemed to have been given when received; notices and other communications sent by (fax transmission or e-mail transmission 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 and other communications delivered through electronic communications to the extent provided in
subsection (b) below shall be effective as provided in such subsection (b). 
 (b) Electronic Communications.
Notices and other communications to the Lenders and the L/C Issuer hereunder may be delivered or furnished by electronic communication (including e-mail address and Internet or intranet websites) pursuant to procedures approved by the Administrative
Agent; provided that, the foregoing shall not apply to notices to any Lender or the L/C Issuer pursuant to Article II if such Lender or the L/C Issuer, as applicable, has notified the Administrative Agent that it is incapable of receiving
notices under such Article by electronic communication. The Administrative Agent, the Swingline Lender, the L/C Issuer or the Borrower may each, 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 address or other written acknowledgement), and (ii) notices or communications posted to an Internet or intranet website shall be
deemed received upon the deemed receipt by the intended recipient at its e-mail address as described in the foregoing clause (i) of notification that such notice or communication is available and identifying the website address therefor;
provided that, for both clauses (i) and (ii), if such notice, email or other communication is not sent during the normal business hours of the recipient, such notice, email or communication shall be deemed to have been sent at the opening of
business on the next business day for the recipient. 
 (c) The Platform. THE PLATFORM IS PROVIDED “AS IS” AND
“AS AVAILABLE.” THE AGENT PARTIES (AS DEFINED BELOW) DO NOT WARRANT THE ACCURACY OR COMPLETENESS OF THE BORROWER MATERIALS OR THE ADEQUACY OF THE PLATFORM, AND EXPRESSLY DISCLAIM LIABILITY FOR ERRORS IN OR OMISSIONS FROM THE BORROWER
MATERIALS. NO WARRANTY OF ANY KIND, EXPRESS, IMPLIED OR STATUTORY, INCLUDING ANY WARRANTY OF MERCHANTABILITY, FITNESS FOR A PARTICULAR PURPOSE, NON-INFRINGEMENT OF THIRD PARTY RIGHTS OR FREEDOM FROM VIRUSES OR OTHER CODE DEFECTS, IS MADE BY ANY
AGENT PARTY IN CONNECTION WITH THE BORROWER MATERIALS OR THE PLATFORM. In no event shall the Administrative Agent or any of its Related Parties (collectively, the “Agent Parties”) have any liability to the Borrower, any Lender, the
L/C Issuer or any other Person for losses, claims, damages, liabilities or expenses of any kind (whether in tort, contract or otherwise) arising out of the Borrower’s, any Loan Party’s or the Administrative Agent’s transmission of
Borrower Materials or any other Information through the Internet, telecommunications, electronic or other information transmission systems. 

  
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 (d) Change of Address, Etc. Each of the Borrower, the Administrative Agent, the L/C
Issuer and the Swingline Lender may change its address, facsimile number or telephone number or e-mail address for notices and other communications hereunder by notice to the other parties hereto. Each other Lender may change its address, facsimile
number or telephone number or e-mail address for notices and other communications hereunder by notice to the Borrower, the Administrative Agent, the L/C Issuer and the Swingline Lender. In addition, each Lender agrees to notify the Administrative
Agent from time to time to ensure that the Administrative Agent has on record (i) an effective address, contact name, telephone number, facsimile number and e-mail address to which notices and other communications may be sent and
(ii) accurate wire instructions for such Lender. Furthermore, each Public Lender agrees to cause at least one (1) individual at or on behalf of such Public Lender to at all times have selected the “Private Side Information” or
similar designation on the content declaration screen of the Platform in order to enable such Public Lender or its delegate, in accordance with such Public Lender’s compliance procedures and applicable Law, including United States federal and
state securities Laws, to make reference to Borrower Materials that are not made available through the “Public Side Information” portion of the Platform and that may contain material non-public information with respect to the Borrower or
its securities for purposes of United States federal or state securities laws. 
 (e) Reliance by Administrative Agent, L/C
Issuer and Lenders. The Administrative Agent, the L/C Issuer and the Lenders shall be entitled to rely and act upon any notices (including telephonic or electronic Loan Notices, Letter of Credit Applications and Swingline Loan Notices)
purportedly given by or on behalf of any Loan Party 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 Loan Parties shall indemnify the Administrative Agent, the L/C 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 a Loan Party. 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. 
 Section 11.03 No Waiver; Cumulative
Remedies; Enforcement. 
 No failure by any Lender, the L/C Issuer or the Administrative Agent to exercise, and no delay
by any such Person in exercising, any right, remedy, power or privilege hereunder or under any other Loan Document shall operate as a waiver thereof; nor shall any single or partial exercise of any right, remedy, power or privilege hereunder or
under any other Loan Document 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, and provided under each other Loan Document,
are cumulative and not exclusive of any rights, remedies, powers and privileges provided by law. 
 Notwithstanding anything to
the contrary contained herein or in any other Loan Document, the authority to enforce rights and remedies hereunder and under the other Loan Documents against the Loan Parties or any of them shall be vested exclusively in, and all actions and
proceedings at law in connection with such enforcement shall be instituted and maintained exclusively by, the Administrative Agent in accordance with Section 8.02 for the benefit of all the Lenders and the L/C Issuer; provided,
however, that the foregoing shall not prohibit (a) the Administrative Agent from exercising on its own behalf the rights and remedies that inure to its benefit (solely in its capacity as Administrative Agent) hereunder and under the
other Loan Documents, (b) the L/C Issuer or the Swingline Lender from exercising the rights 

  
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and remedies that inure to its benefit (solely in its capacity as L/C Issuer or Swingline Lender, as the case may be) hereunder and under the other Loan Documents, (c) any Lender from
exercising setoff rights in accordance with Section 11.08 (subject to the terms of Section 2.13), or (d) any Lender from filing proofs of claim or appearing and filing pleadings on its own behalf during the pendency of a proceeding
relative to any Loan Party under any Debtor Relief Law; and provided, further, that if at any time there is no Person acting as Administrative Agent hereunder and under the other Loan Documents, then (i) the Required Lenders shall
have the rights otherwise ascribed to the Administrative Agent pursuant to Section 8.02 and (ii) in addition to the matters set forth in clauses (b), (c) and (d) of the preceding proviso and subject to Section 2.13, any
Lender may, with the consent of the Required Lenders, enforce any rights and remedies available to it and as authorized by the Required Lenders. 
 Section 11.04 Expenses; Indemnity; Damage Waiver. 
 (a) Costs
and Expenses. The Loan Parties 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 L/C 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 L/C Issuer (including the reasonable fees, charges and disbursements of any
counsel for the Administrative Agent, any Lender or the L/C 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 Loans made or Letters of Credit issued hereunder, including all such reasonable out-of-pocket expenses incurred during any workout, restructuring or negotiations in respect of such Loans or Letters of Credit. 

(b) Indemnification by the Loan Parties. The Loan Parties shall indemnify the Administrative Agent (and any sub-agent thereof),
each Lender and the L/C Issuer, and each Related Party of any of the foregoing Persons (each such Person being called an “Indemnitee”) against, and hold each Indemnitee harmless from, any and all losses, claims, damages, liabilities
and related expenses (including the reasonable fees, charges and disbursements of any counsel for any Indemnitee), incurred by any Indemnitee or asserted against any Indemnitee by any Person (including the Borrower or any other Loan Party) 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, or, in the case of the Administrative Agent (and any sub-agent thereof) and its Related Parties only, the administration of this Agreement
and the other Loan Documents (including in respect of any matters addressed in Section 3.01), (ii) any Loan or Letter of Credit or the use or proposed use of the proceeds therefrom (including any refusal by the L/C 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 a Loan Party or any of its Subsidiaries, or any Environmental Liability related in any way to a Loan Party or any of its Subsidiaries, or (iv) 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 Loan Party or any of the Borrower’s or such Loan Party’s directors,
shareholders or creditors, and regardless of whether any Indemnitee is a party thereto; provided that, such 

  
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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 Loan Party 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 Loan Party has obtained a final and nonappealable judgment in its favor on such claim as determined by a court of competent
jurisdiction. Without limiting the provisions of Section 3.01(c), this Section 11.04(b) shall not apply with respect to Taxes other than any Taxes that represent losses, claims, damages, etc. arising from any non-Tax claim. 

(c) Reimbursement by Lenders. To the extent that the Loan Parties for any reason fail 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 L/C 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 L/C Issuer, the Swingline Lender or such Related Party, as the case may be, such Lender’s pro rata share (determined as of the time that the applicable unreimbursed expense or indemnity
payment is sought based on each Lender’s share of the Total Credit Exposure at such time) of such unpaid amount (including any such unpaid amount in respect of a claim asserted by such Lender), such payment to be made severally among them based
on such Lender’s Applicable Percentage (determined as of the time that the applicable unreimbursed expense or indemnity payment is sought), provided, further 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 L/C Issuer or the Swingline Lender 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 L/C Issuer or the Swingline Lender in connection with such capacity. The obligations of the Lenders under this subsection (c) are subject to the provisions of
Section 2.12(d). 
 (d) Waiver of Consequential Damages, Etc. To the fullest extent permitted by applicable Law, no
Loan Party shall assert, and each Loan Party hereby waives, and acknowledges that no other Person shall have, 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 to such unintended
recipients by such Indemnitee 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 other than for direct or
actual damages resulting from the gross negligence or willful misconduct of such Indemnitee as determined by a final and nonappealable judgment of a court of competent jurisdiction. 

(e) Payments. All amounts due under this Section shall be payable not later than ten (10) Business Days after demand
therefor. 
 (f) Survival. The agreements in this Section and the indemnity provisions of Section 11.02(e) shall
survive the resignation of the Administrative Agent, the L/C Issuer and the Swingline Lender, the replacement of any Lender, the termination of the Aggregate Commitments and the repayment, satisfaction or discharge of all the other Obligations.


  
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 Section 11.05 Payments Set Aside. 

To the extent that any payment by or on behalf of the Borrower is made to the Administrative Agent, the L/C Issuer or any Lender, or the
Administrative Agent, the L/C 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 L/C 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 L/C 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 L/C Issuer under clause (b) of the preceding sentence shall survive
the payment in full of the Obligations and the termination of this Agreement. 
 Section 11.06 Successors and Assigns.

 (a) Successors and Assigns Generally. The provisions of this Agreement and the other Loan Documents shall be
binding upon and inure to the benefit of the parties hereto and thereto and their respective successors and assigns permitted hereby, except neither the Borrower nor any other Loan Party may assign or otherwise transfer any of its rights or
obligations hereunder without the prior written consent of the Administrative Agent and no Lender may assign or otherwise transfer any of its rights or obligations hereunder except (i) to an 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, 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 L/C Issuer and the Lenders) any legal or equitable right, remedy or claim under or by reason of this Agreement. 
 (b)
Assignments by Lenders. Any Lender may at any time assign to one or more assignees all or a portion of its rights and obligations under this Agreement and the other Loan Documents (including all or a portion of its Commitment(s) and the Loans
(including for purposes of this subsection (b), participations in L/C Obligations and in Swingline Loans) at the time owing to it); provided that (in each case with respect to the Facility), any such assignment shall be subject to the
following conditions: 
 (i) Minimum Amounts. 
 (A) in the case of an assignment of the entire remaining amount of the assigning Lender’s Commitment under the Facility and/or the Loans at the time owing to it (in each case with respect to the
Facility) or contemporaneous assignments to related Approved Funds that equal at least the amount specified in paragraph (b)(i)(B) of this Section in the aggregate or in the case of an assignment to a Lender, an Affiliate of a Lender or an Approved
Fund, no minimum amount need be assigned; and 

  
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 (B) in any case not described in subsection (b)(i)(A) of this Section, 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 or, if “Trade Date” is specified in the Assignment and Assumption, as of the Trade Date, shall not be less than $5,000,000, in
the case of any assignment in respect of the Facility, 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). 
 (ii) Proportionate Amounts. 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 and the other Loan Documents with respect to the Loans and/or the Commitment assigned, except that this clause (ii) shall not apply to the Swingline Lender’s
rights and obligations in respect of Swingline Loans. 
 (iii) Required Consents. No consent shall be required for any
assignment except to the extent required by subsection (b)(i)(B) of this Section and, in addition: 
 (A) the consent of the
Borrower (such consent not to be unreasonably withheld or delayed) shall be required unless (1) an Event of Default has occurred and is continuing at the time of such assignment or (2) such assignment is to a Lender, an Affiliate of a
Lender or an Approved Fund; provided that, the Borrower shall be deemed to have consented to any such assignment unless it shall object thereto by written notice to the Administrative Agent within five (5) Business Days after having
received notice thereof; and provided, further, that the Borrower’s consent shall not be required during the primary syndication of the Facility; 
 (B) the consent of the Administrative Agent (such consent not to be unreasonably withheld or delayed) shall be required for assignments in respect of any Commitment if such assignment is to a Person that
is not a Lender with a Commitment in respect of the applicable Facility, an Affiliate of such Lender or an Approved Fund with respect to such Lender; and 
 (C) the consent of the L/C Issuer and the Swingline Lender shall be required for any assignment in respect of the Facility. 
 (iv) Assignment and Assumption. The parties to each assignment shall execute and deliver to the Administrative Agent an Assignment and Assumption, together with a processing and recordation fee in
the amount of $3,500; provided, however, that the Administrative Agent may, in its sole discretion, elect to waive such processing and recordation fee in the case of any assignment. The assignee, if it is not a Lender, shall deliver to
the Administrative Agent an Administrative Questionnaire. 
 (v) No Assignment to Certain Persons. No such assignment
shall be made (A) to the Borrower or any of the Borrower’s Affiliates or Subsidiaries, (B) to any Defaulting Lender or any of its Subsidiaries, or any Person who, upon becoming a Lender hereunder, would constitute any of the foregoing
Persons described in this clause (B), or (C) to a natural Person. 
 (vi) Certain Additional Payments. In connection
with any assignment of rights and obligations of any Defaulting Lender hereunder, no such assignment shall be effective unless and until, in addition to the other conditions thereto set forth herein, the parties to the assignment shall make such
additional payments to the Administrative Agent in an aggregate amount sufficient, upon distribution thereof as appropriate (which may be outright payment, purchases by the assignee of participations or


  
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subparticipations, or other compensating actions, including funding, with the consent of the Borrower and the Administrative Agent, the applicable pro rata share of Loans previously requested but
not funded by the Defaulting Lender, to each of which the applicable assignee and assignor hereby irrevocably consent), to (A) pay and satisfy in full all payment liabilities then owed by such Defaulting Lender to the Administrative Agent, the
L/C Issuer or any Lender hereunder (and interest accrued thereon) and (B) acquire (and fund as appropriate) its full pro rata share of all Loans and participations in Letters of Credit and Swingline Loans in accordance with its Applicable
Percentage. Notwithstanding the foregoing, in the event that any assignment of rights and obligations of any Defaulting Lender hereunder shall become effective under applicable Law without compliance with the provisions of this paragraph, then the
assignee of such interest shall be deemed to be a Defaulting Lender for all purposes of this Agreement until such compliance occurs. 
 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 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 11.04 with respect to facts and circumstances occurring prior to the effective date of such assignment); provided, that except to the extent otherwise
expressly agreed by the affected parties, no assignment by a Defaulting Lender will constitute a waiver or release of any claim of any party hereunder arising from that Lender’s having been a Defaulting Lender. Upon request, the Borrower (at
its expense) shall execute and deliver a Revolving Note to 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 (and such agency being solely for tax purposes), shall maintain at the Administrative Agent’s
Office a copy of each Assignment and Assumption delivered to it (or the equivalent thereof in electronic form) and a register for the recordation of the names and addresses of the Lenders, and the Commitments of, and principal amounts (and stated
interest) of the Loans and L/C Obligations owing to, each Lender pursuant to the terms hereof from time to time (the “Register”). The entries in the Register shall be conclusive, absent manifest error, 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. The Register shall be available for inspection by the Borrower
and any Lender, at any reasonable time and from time to time upon reasonable prior notice. 
 (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, a Defaulting Lender 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 L/C Obligations and/or Swingline Loans) 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 L/C Issuer shall continue to deal solely and directly with such Lender in connection with such Lender’s rights and
obligations under this Agreement. For the avoidance of doubt, each Lender shall be responsible for the indemnity under Section 11.04(c) without regard to the existence of any participations. 

  
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 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 11.01 that affects such Participant. The Borrower agrees that each Participant shall be entitled to
the benefits of Sections 3.01, 3.04 and 3.05, subject to the requirements and limitations herein, including the requirements under Section 3.01(e) (it being understood that the documentation required under Section 3.01(e) shall be
delivered to the Lender who sells the participation) to the same extent as if it were a Lender and had acquired its interest by assignment pursuant to paragraph (b) of this Section; provided that, such Participant (A) agrees to be
subject to the provisions of Sections 3.06 and 11.13 as if it were an assignee under paragraph (b) of this Section and (B) shall not be entitled to receive any greater payment under Sections 3.01 or 3.04, with respect to any participation,
than the Lender from whom it acquired the applicable participation would have been entitled to receive, except to the extent such entitlement to receive a greater payment results from a Change in Law that occurs after the Participant acquired the
applicable participation. Each Lender that sells a participation agrees, at the Borrower’s request and expense, to use reasonable efforts to cooperate with the Borrower to effectuate the provisions of Section 3.06 with respect to any
Participant. To the extent permitted by law, each Participant also shall be entitled to the benefits of Section 11.08 as though it were a Lender; provided that, such Participant agrees to be subject to Section 2.13 as though it were
a Lender. Each Lender that sells a participation shall, acting solely for this purpose as an agent of the Borrower, maintain a register on which it enters the name and address of each Participant and the principal amounts (and stated interest) of
each Participant’s interest in the Loans or other obligations under the Loan Documents (the “Participant Register”); provided that, no Lender shall have any obligation to disclose all or any portion of the Participant
Register (including the identity of any Participant or any information relating to a Participant’s interest in any commitments, loans, letters of credit or its other obligations under any Loan Document) to any Person except to the extent that
such disclosure is necessary to establish that such commitment, loan, letter of credit or other obligation is in registered form under Section 5f.103-1(c) of the United States Treasury Regulations. The entries in the Participant Register shall
be conclusive absent manifest error, and such Lender shall treat each Person whose name is recorded in the Participant Register as the owner of such participation for all purposes of this Agreement notwithstanding any notice to the contrary. For the
avoidance of doubt, the Administrative Agent (in its capacity as Administrative Agent) shall have no responsibility for maintaining a Participant Register. 
 (e) 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 Revolving Note or Revolving Notes,
if any) to secure obligations of such Lender, including any pledge or assignment to secure obligations to a Federal Reserve Bank; provided that no such pledge or assignment shall release such Lender from any of its obligations hereunder or
substitute any such pledgee or assignee for such Lender as a party hereto. 
 (f) Resignation as L/C Issuer or Swingline
Lender after Assignment. Notwithstanding anything to the contrary contained herein, if at any time Bank of America assigns all of its Commitment and Revolving Loans pursuant to subsection (b) above, Bank of America may, (i) upon ten
(10) days’ notice to the Borrower and the Lenders, resign as L/C Issuer and/or (ii) upon ten (10) days’ notice to the Borrower, resign as Swingline Lender. In the event of any such resignation as L/C Issuer or Swingline
Lender, the Borrower shall be entitled to appoint from among the Lenders a successor L/C Issuer or Swingline Lender hereunder; provided, however, that no failure by the Borrower to appoint any such


  
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successor shall affect the resignation of Bank of America as L/C Issuer or Swingline Lender, as the case may be. If Bank of America resigns as L/C Issuer, it shall retain all the rights, powers,
privileges and duties of the L/C Issuer hereunder with respect to all Letters of Credit outstanding as of the effective date of its resignation as L/C Issuer and all L/C Obligations with respect thereto (including the right to require the Lenders to
make Base Rate Loans or fund risk participations in Unreimbursed Amounts pursuant to Section 2.03(c)). If Bank of America resigns as Swingline Lender, it shall retain all the rights of the Swingline Lender provided for hereunder with respect to
Swingline Loans made by it and outstanding as of the effective date of such resignation, including the right to require the Lenders to make Base Rate Loans or fund risk participations in outstanding Swingline Loans pursuant to Section 2.04(c).
Upon the appointment of a successor L/C Issuer and/or Swingline Lender, (A) such successor shall succeed to and become vested with all of the rights, powers, privileges and duties of the retiring L/C Issuer or Swingline Lender, as the case may
be, and (B) the successor L/C Issuer shall issue letters of credit in substitution for the Letters of Credit, if any, outstanding at the time of such succession or make other arrangements satisfactory to Bank of America to effectively assume
the obligations of Bank of America with respect to such Letters of Credit. 
 Section 11.07 Treatment of Certain Information;
Confidentiality. 
 (a) Treatment of Certain Information. Each of the Administrative Agent, the Lenders and the
L/C Issuer agrees to maintain the confidentiality of the Information (as defined below), except that Information may be disclosed (i) to its Affiliates and to its Related Parties (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), (ii) to the extent required or requested by any regulatory authority having jurisdiction over such Person or its Related
Parties (including any self-regulatory authority, such as the National Association of Insurance Commissioners), (iii) to the extent required by applicable Laws or regulations or by any subpoena or similar legal process, (iv) to any other
party hereto, (v) 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,
(vi) subject to an agreement containing provisions substantially the same as those of this Section, to (A) any assignee of or Participant in, or any prospective assignee of or Participant in, any of its rights and obligations under this
Agreement or (B) any actual or prospective party (or its Related Parties) to any swap, derivative or other transaction under which payments are to be made by reference to the Borrower and its obligations, this Agreement or payments hereunder,
(vii) on a confidential basis to the CUSIP Service Bureau or any similar agency in connection with the issuance and monitoring of CUSIP numbers or other market identifiers with respect to the credit facilities provided hereunder,
(viii) with the consent of the Borrower or to the extent such Information (1) becomes publicly available other than as a result of a breach of this Section or (2) becomes available to the Administrative Agent, any Lender, the L/C
Issuer or any of their respective Affiliates on a nonconfidential 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 L/C Issuer on a nonconfidential basis prior to disclosure by the Borrower or any
Subsidiary; all information received from the Borrower or any Subsidiary relating to the Borrower or any Subsidiary or any of their respective businesses shall be deemed “Information” for purposes of this Section 11.07(a) unless
marked “Public.” 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. 

  
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 (b) Non-Public Information. Each of the Administrative Agent, the Lenders and the L/C
Issuer acknowledges that (i) the Information may include material non-public information concerning a Loan Party or a Subsidiary, as the case may be, (ii) it has developed compliance procedures regarding the use of material non-public
information and (iii) it will handle such material non-public information in accordance with applicable Law, including United States federal and state securities Laws. 
 (c) Press Releases. The Loan Parties and their Affiliates agree that they will not in the future issue any press releases or other public disclosure using the name of the Administrative Agent or
any Lender or their respective Affiliates or referring to this Agreement or any of the Loan Documents without the prior written consent of the Administrative Agent, unless (and only to the extent that) the Loan Parties or such Affiliate is required
to do so under law and then, in any event the Loan Parties or such Affiliate will consult with such Person before issuing such press release or other public disclosure. 
 (d) Customary Advertising Material. The Loan Parties consent to the publication by the Administrative Agent or any Lender of customary advertising material relating to the transactions contemplated
hereby using the name, product photographs, logo or trademark of the Loan Parties; provided that, if any such advertising materials include Borrower’s results of operating or other non-public Information that is to be treated as
confidential under this Section 11.07, Borrower’s consent shall be required prior to use of such Information. 
 Section 11.08
Right of Setoff. 
 If an Event of Default shall have occurred and be continuing, each Lender, the L/C 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 L/C Issuer or any such Affiliate to or for the credit or the account of the Borrower or any other Loan Party against any and all
of the obligations of the Borrower or such Loan Party now or hereafter existing under this Agreement or any other Loan Document to such Lender or the L/C Issuer or their respective Affiliates, irrespective of whether or not such Lender, the L/C
Issuer or Affiliate shall have made any demand under this Agreement or any other Loan Document and although such obligations of the Borrower or such Loan Party may be contingent or unmatured, secured or unsecured, or are owed to a branch, office or
Affiliate of such Lender or the L/C Issuer different from the branch, office or Affiliate holding such deposit or obligated on such indebtedness; provided that, in the event that any Defaulting Lender shall exercise any such right of setoff,
(a) all amounts so set off shall be paid over immediately to the Administrative Agent for further application in accordance with the provisions of Section 2.15 and, pending such payment, shall be segregated by such Defaulting Lender from
its other funds and deemed held in trust for the benefit of the Administrative Agent, the L/C Issuer and the Lenders, and (b) the Defaulting Lender shall provide promptly to the Administrative Agent a statement describing in reasonable detail
the Secured Obligations owing to such Defaulting Lender as to which it exercised such right of setoff. The rights of each Lender, the L/C 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 L/C Issuer or their respective Affiliates may have. Each Lender and the L/C 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. 

  
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 Section 11.09 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. 
 Section 11.10 Counterparts; Integration; Effectiveness. 
 This
Agreement and each of the other Loan Documents may be executed in counterparts (and by different parties hereto in different counterparts), each of which shall constitute an original, but all of which taken together shall constitute a single
contract. This Agreement, the other Loan Documents, and any separate letter agreements with respect to fees payable to the Administrative Agent or the L/C Issuer, 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 or any other Loan Document, or any certificate delivered thereunder, by fax transmission or other e-mail transmission (e.g., “pdf” or “tif”) shall be effective as delivery of a manually executed counterpart of this
Agreement or such other Loan Document or certificate. Without limiting the foregoing, to the extent a manually executed counterpart is not specifically required to be delivered under the terms of any Loan Document, upon the request of any party,
such fax transmission or e-mail transmission shall be promptly followed by such manually executed counterpart. 
 Section 11.11 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. 

Section 11.12 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 

  
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provisions. The invalidity of a provision in a particular jurisdiction shall not invalidate or render unenforceable such provision in any other jurisdiction. Without limiting the foregoing
provisions of this Section, if and to the extent that the enforceability of any provisions in this Agreement relating to Defaulting Lenders shall be limited by Debtor Relief Laws, as determined in good faith by the Administrative Agent, the L/C
Issuer or the Swingline Lender, as applicable, then such provisions shall be deemed to be in effect only to the extent not so limited. 

Section 11.13 Replacement of Lenders. 
 If the Borrower is entitled to replace a Lender pursuant to the provisions of Section 3.06, or if any Lender is a Defaulting Lender or a Non-Consenting Lender or if any other circumstance exists
hereunder that gives the Borrower the right to replace a Lender as a party hereto, 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 11.06), all of its interests, rights (other than its existing rights to payments pursuant to Sections 3.01 and 3.04) and obligations
under this Agreement and the related Loan Documents to an Eligible Assignee that shall assume such obligations (which assignee may be another Lender, if a Lender accepts such assignment); provided that: 

(a) the Borrower shall have paid to the Administrative Agent the assignment fee (if any) specified in Section 11.06(b); 

(b) such Lender shall have received payment of an amount equal to 100% of the outstanding principal of its Loans and L/C Advances,
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; 

(d) such assignment does not conflict with applicable Laws; and 
 (e) in the case of an assignment resulting from a Lender becoming a Non-Consenting Lender, the applicable assignee shall have consented to the applicable amendment, waiver or consent. 

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. 
 Section 11.14
Governing Law; Jurisdiction; Etc. 
 (a) GOVERNING LAW. THIS AGREEMENT AND THE OTHER LOAN DOCUMENTS (EXCEPT, AS
TO ANY OTHER LOAN DOCUMENT, AS EXPRESSLY SET FORTH THEREIN) AND ANY CLAIMS, CONTROVERSY, DISPUTE OR CAUSE OF ACTION (WHETHER IN CONTRACT OR TORT OR OTHERWISE) BASED UPON, ARISING OUT OF OR RELATING TO THIS AGREEMENT OR ANY OTHER LOAN DOCUMENT
(EXCEPT, AS TO ANY OTHER LOAN DOCUMENT, AS EXPRESSLY SET FORTH THEREIN) AND THE TRANSACTIONS CONTEMPLATED HEREBY AND THEREBY 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 AND EACH OTHER LOAN PARTY IRREVOCABLY
AND UNCONDITIONALLY AGREES THAT IT WILL NOT COMMENCE ANY ACTION, LITIGATION OR PROCEEDING OF ANY KIND OR DESCRIPTION, WHETHER IN LAW OR EQUITY, WHETHER IN CONTRACT OR IN TORT OR OTHERWISE, AGAINST THE ADMINISTRATIVE AGENT, ANY LENDER, THE L/C
ISSUER, OR ANY RELATED PARTY OF THE FOREGOING IN ANY WAY RELATING TO THIS AGREEMENT OR ANY OTHER LOAN DOCUMENT OR THE TRANSACTIONS RELATING HERETO OR THERETO, IN ANY FORUM OTHER THAN 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, AND EACH OF THE PARTIES HERETO IRREVOCABLY AND UNCONDITIONALLY SUBMITS TO THE JURISDICTION OF SUCH COURTS AND AGREES THAT ALL CLAIMS
IN RESPECT OF ANY SUCH ACTION, LITIGATION 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, LITIGATION 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 L/C ISSUER MAY OTHERWISE HAVE TO BRING ANY ACTION OR PROCEEDING RELATING TO THIS AGREEMENT OR ANY OTHER LOAN DOCUMENT AGAINST THE BORROWER OR ANY OTHER LOAN PARTY OR ITS PROPERTIES IN THE COURTS OF
ANY JURISDICTION. 
 (c) WAIVER OF VENUE. THE BORROWER AND EACH OTHER LOAN PARTY 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
PARAGRAPH (B) OF THIS SECTION 11.14. 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 11.02. NOTHING IN THIS AGREEMENT WILL AFFECT THE RIGHT OF ANY PARTY HERETO TO SERVE PROCESS IN ANY OTHER MANNER PERMITTED BY APPLICABLE LAW. 
 Section 11.15 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, 

  
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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 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 11.15. 

Section 11.16 Subordination. 
 Each Loan Party (a “Subordinating Loan Party”) hereby subordinates the payment of all obligations and indebtedness of any other Loan Party owing to it, whether now existing or hereafter
arising, including but not limited to any obligation of any such other Loan Party to the Subordinating Loan Party as subrogee of the Secured Parties or resulting from such Subordinating Loan Party’s performance under this Guaranty, to the
indefeasible payment in full in cash of all Obligations. If the Secured Parties so request, any such obligation or indebtedness of any such other Loan Party to the Subordinating Loan Party shall be enforced and performance received by the
Subordinating Loan Party as trustee for the Secured Parties and the proceeds thereof shall be paid over to the Secured Parties on account of the Secured Obligations, but without reducing or affecting in any manner the liability of the Subordinating
Loan Party under this Agreement. Without limitation of the foregoing, so long as no Default has occurred and is continuing, the Loan Parties may make and receive payments with respect to Intercompany Debt; provided, that in the event that any
Loan Party receives any payment of any Intercompany Debt at a time when such payment is prohibited by this Section, such payment shall be held by such Loan Party, in trust for the benefit of, and shall be paid forthwith over and delivered, upon
written request, to the Administrative Agent. 
 Section 11.17 No Advisory or Fiduciary Responsibility. 

In connection with all aspects of each transaction contemplated hereby (including in connection with any amendment, waiver or other
modification hereof or of any other Loan Document), the Borrower and each other Loan Party acknowledges and agrees, and acknowledges its Affiliates’ understanding, that: (a) (i) the arranging and other services regarding this
Agreement provided by the Administrative Agent and any Affiliate thereof, the Arranger and the Lenders are arm’s-length commercial transactions between the Borrower, each other Loan Party and their respective Affiliates, on the one hand, and
the Administrative Agent and, as applicable, its Affiliates (including the Arranger) and the Lenders and their Affiliates (collectively, solely for purposes of this Section 11.17, the “Lenders”), on the other hand,
(ii) each of the Borrower and the other Loan Parties has consulted its own legal, accounting, regulatory and tax advisors to the extent it has deemed appropriate, and (iii) the Borrower and each other Loan Party is capable of evaluating,
and understands and accepts, the terms, risks and conditions of the transactions contemplated hereby and by the other Loan Documents; (b) (i) the Administrative Agent and its Affiliates (including the Arranger) and each Lender each is and
has been acting solely as a principal and, except as expressly agreed in writing by the relevant parties, has not been, is not, and will not be acting as an advisor, agent or fiduciary, for Borrower, any other Loan Party or any of their respective
Affiliates, or any other Person and (ii) neither the Administrative Agent, any of its Affiliates (including the Arranger) nor any Lender has any obligation to the Borrower, any other Loan Party or any of their respective Affiliates with respect
to the transactions contemplated hereby except those obligations expressly set forth herein and in the other Loan Documents; and (c) the Administrative Agent and its Affiliates (including the Arranger) and the Lenders may be engaged in a broad
range of transactions that involve interests that differ from those of the Borrower, the other Loan Parties and their respective Affiliates, and neither the Administrative Agent, any of its Affiliates (including the Arranger) nor any Lender has any
obligation to disclose any of such interests to the Borrower, any other Loan Party or any of their respective Affiliates. 

  
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To the fullest extent permitted by law, each of the Borrower and each other Loan Party hereby waives and releases any claims that it may have against the Administrative Agent, any of its
Affiliates (including the Arranger) or any Lender with respect to any breach or alleged breach of agency or fiduciary duty in connection with any aspect of any transactions contemplated hereby. 

Section 11.18 Electronic Execution of Assignments and Certain Other Documents. 

The words “execute,” “execution,” “signed,” “signature,” and words of like import in any
Assignment and Assumption or in any amendment or other modification hereof (including waivers and consents) shall be deemed to include electronic signatures, the electronic matching of assignment terms and contract formations on electronic platforms
approved by the Administrative Agent, 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. 
 Section 11.19 USA PATRIOT Act Notice. 

Each Lender that is subject to the Act (as hereinafter defined) and the Administrative Agent (for itself and not on behalf of any Lender)
hereby notifies the Borrower and the other Loan Parties 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 each Loan Party, which information includes the name and address of each Loan Party and other information that will allow such Lender or the Administrative Agent, as applicable, to identify each Loan Party in
accordance with the Act. The Borrower and the Loan Parties agree to, promptly following a request by the Administrative Agent or any Lender, provide all such other documentation and information that the Administrative Agent or such Lender requests
in order to comply with its ongoing obligations under applicable “know your customer” and anti-money laundering rules and regulations, including the Act. 
 Section 11.20 Time of the Essence. 
 Time is of the essence of
the Loan Documents. 
 Section 11.21 No Novation. 
 Borrower, Administrative Agent and Lenders hereby agree that, effective upon the execution and delivery of this Agreement by each such party, the terms and provisions of the Existing Credit Agreement
shall be and hereby are amended, restated and superseded in their entirety by the terms and provisions of this Agreement. Nothing herein contained shall be construed as a substitution or novation of the obligations of Borrower outstanding under the
Existing Credit Agreement or instruments securing the same, which obligations shall remain in full force and effect, except to the extent that the terms thereof are modified hereby or by instruments executed concurrently herewith. Nothing expressed
or implied in this Agreement shall be construed as a release or other discharge of Borrower, or any guarantor from any of its obligations or liabilities under the Existing Credit Agreement or any of the notes, security agreements, pledge agreements,
mortgages, guaranties or other loan documents executed in connection therewith. Borrower hereby (i) confirms and agrees that each Loan Document to which it is a party is, and shall continue to be, in full force and effect and is hereby ratified
and confirmed in all respects except that on and after the Closing Date all references in any such Loan Document to “the Credit Agreement”, “thereto”, “thereof”, “thereunder” or words of like import referring
to the Existing Credit Agreement shall 

  
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mean the Existing Credit Agreement as amended and restated by this Agreement; and (ii) confirms and agrees that to the extent that the Existing Credit Agreement or any Loan Document executed
in connection therewith purports to assign or pledge to the Administrative Agent, for the benefit of Lenders, or to grant to Administrative Agent, for the benefit of the Lenders a security interest in or lien on, any collateral as security for the
Obligations of Borrower from time to time existing in respect of the Existing Credit Agreement, such pledge, assignment or grant of the security interest or lien is hereby ratified and confirmed in all respects and shall remain effective as of the
first date it became effective. 
 [REMAINDER OF PAGE INTENTIONALLY LEFT BLANK.] 

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

							
	BORROWER:	 		 	 SOLARCITY CORPORATION,
 a Delaware corporation

				
		 		 	By:	 	 /s/ Robert Kelly

		 		 	Name:	 	 Robert Kelly

		 		 	Title:	 	 Chief Financial Officer

			
	GUARANTOR:	 		 	POPPY ACQUISITION LLC
				
		 		 	By:	 	 /s/ Robert Kelly

		 		 	Name:	 	 Robert Kelly

		 		 	Title:	 	 Chief Financial Officer

			
		 		 	ZOOM ACQUISITION LLC
				
		 		 	By:	 	 /s/ Robert Kelly

		 		 	Name:	 	 Robert Kelly

		 		 	Title:	 	 Chief Financial Officer


 Amended and Restated Credit Agreement 

  
 [***] Confidential
treatment has been requested for the bracketed portions. The confidential redacted portion has been omitted and filed separately with the Securities and Exchange Commission. 









							
		 		 	 BANK OF AMERICA, N.A.,
 as Administrative Agent

				
		 		 	By:	 	 /s/ Laura Call

		 		 	Name:	 	Laura Call
		 		 	Title:	 	Assistant Vice President

 Amended and Restated Credit Agreement 

  
 [***] Confidential
treatment has been requested for the bracketed portions. The confidential redacted portion has been omitted and filed separately with the Securities and Exchange Commission. 









							
	LENDERS:	 		 	 BANK OF AMERICA, N.A.,
 as a Lender, L/C Issuer and Swingline Lender

				
		 		 	By:	 	 /s/ Thomas R. Sullivan

		 		 	Name:	 	Thomas R. Sullivan
		 		 	Title:	 	Senior Vice President

 Amended and Restated Credit Agreement 

  
 [***] Confidential
treatment has been requested for the bracketed portions. The confidential redacted portion has been omitted and filed separately with the Securities and Exchange Commission. 









							
	LENDERS:	 		 	 Silicon Valley Bank
 as a Lender

				
		 		 	By:	 	 /s/ Mona Maitra

		 		 	Name:	 	Mona Maitra
		 		 	Title:	 	Vice President
			
		 		 	 BRIDGE BANK, NATIONAL ASSOCIATION
 as a Lender

				
		 		 	By:	 	 /s/ Molly Hendry

		 		 	Name:	 	Molly Hendry
		 		 	Title:	 	Vice President
			
		 		 	 CREDIT SUISSE AG, CAYMAN ISLANDS BRANCH
 as a Lender

				
		 		 	By:	 	 /s/ Christopher Day

		 		 	Name:	 	Christopher Day
		 		 	Title:	 	Authorized Signatory
				
		 		 	By:	 	 /s/ Tyler R. Smith

		 		 	Name:	 	Tyler R. Smith
		 		 	Title:	 	Authorized Signatory

 Amended and Restated Credit Agreement 

  
 [***] Confidential
treatment has been requested for the bracketed portions. The confidential redacted portion has been omitted and filed separately with the Securities and Exchange Commission. 








 Exhibit 10.10e 
 CONFIDENTIAL TREATMENT REQUESTED 
 Certain portions of this document have been omitted
pursuant to a request for Confidential Treatment and, where applicable, have been marked with “[***]” to indicate where omissions have been made. The confidential material has been filed separately with the Securities and Exchange
Commission. 
 SCHEDULE 1.01(a) 
 Certain Addresses for Notices 
  

			
	 Borrower:
  

SolarCity Corporation
 3055 Clearview
Way
 San Mateo, California 94402
 Attn:
General Counsel
 Phone: 650-963-5826

Electronic Mail: legal@solarcity.com
 Website
Address: www.solarcity.com
	  	 Administrative Agent:
  

For payments and Requests for Credit Extensions
 Bank of America, N.A.
 Credit Services
 Mail Code: TX1-492-14-04
 901 Main Street
 Dallas TX 75202
 Attn: Omitted
 Phone: Omitted
 Electronic Mail: Omitted
 Facsimile: 214-290-9485
  

Wire Instructions:
 Bank of America, New
York NY
 ABA: 026009593
 Account Name:
Credit Services
 Account Number: Omitted

Reference: SolarCity Corporation
  

Other Notices for Administrative Agent
 Bank of America, N.A.
 Agency Management
 Mail Code: WA4-127-01-01
 Lynnwood BC
 5727 196th
St, SW
 Seattle WA 98036-6107
 Attn:
Omitted, Vice President
 Phone: Omitted

Electronic Mail: Omitted
 Facsimile:
415-343-0556

		
	 L/C Issuer:
  

Bank of America, N.A.
 Trade
Operations
 Mail Code: CA9-705-07-05

1000 W. Temple St.
 Los Angeles, CA
90012-1514
 Attn: Omitted
 Phone:
Omitted
 Electronic Mail: Omitted

Facsimile: 888-277-5577
	  	 Swingline Lender:
  

Bank of America, N.A.
 Credit Services

Mail Code: TX1-492-14-04
 901 Main
Street
 Dallas TX 75202
 Attn:
Omitted
 Phone: Omitted
 Electronic
Mail: Omitted
 Facsimile: 214-290-9485

	  
	  
	  
	  
	  


  
 [***] Confidential
treatment has been requested for the bracketed portions. The confidential redacted portion has been omitted and filed separately with the Securities and Exchange Commission. 








 SCHEDULE 1.01(b) 

Initial Commitments and Applicable Percentages 
  

									
	 Lender
	  	Revolving
Commitment	 	 	Applicable Percentage
(Revolving
Loans)	 
	 Bank of America, N.A.
	  	$	[***	] 	 	 	[***	]% 
	 Credit Suisse AG, Cayman Islands Branch
	  	$	[***	] 	 	 	[***	]% 
	 Silicon Valley Bank
	  	$	[***	] 	 	 	[***	]% 
	 Bridge Bank
	  	$	[***	] 	 	 	[***	]% 
		  	  
	  
	 	 	  
	  
	 
			
	 Total:
	  	$	160,500,000	  	 	 	100.000000000	% 
		  	  
	  
	 	 	  
	  
	 


  
 [***] Confidential
treatment has been requested for the bracketed portions. The confidential redacted portion has been omitted and filed separately with the Securities and Exchange Commission. 








 SCHEDULE 1.01(e) 

Mortgaged Property Support Documentation 
 “Mortgaged Property Support Documents” means the following, all in form and substance satisfactory to the Administrative Agent: 
 Mortgages and Assignment of Leases and Rents. Fully executed and notarized Mortgages and, to the extent required by the Administrative Agent, Assignment of Leases and Rents for each property
required to become a Mortgaged Property pursuant to the terms of the Loan Documents. 
 Mortgage Policies. Fully paid American Land Title
Association Lender’s Extended Coverage title insurance policies in form and substance reasonably acceptable to Administrative Agent (the “Mortgage Policies”), with endorsements and in amounts acceptable to the Administrative
Agent, issued, coinsured and reinsured by title insurers acceptable to the Administrative Agent, insuring the Mortgages to be valid first and subsisting Liens on the property described therein, free and clear of all defects (including, but not
limited to, mechanics’ and materialmen’s Liens) and encumbrances, excepting only Permitted Liens, and providing for such other affirmative insurance (including endorsements for future advances under the Loan Documents, for mechanics’
and materialmen’s Liens and for zoning of the applicable property) and such coinsurance and direct access reinsurance as the Administrative Agent may deem necessary or desirable. Further, each Loan Party agrees to provide or obtain any
customary affidavits and indemnities as may be required or necessary to obtain title insurance satisfactory to the Administrative Agent. 

Survey. American Land Title Association/American Congress on Surveying and Mapping form as-built surveys, for which all necessary fees (where
applicable) have been paid, and dated, certified to the Administrative Agent and the issuer of the Mortgage Policies (the “Title Insurance Company”) in a manner satisfactory to each of the Administrative Agent and the Title
Insurance Company by a land surveyor duly registered and licensed in the States in which the property described in such surveys is located and acceptable to each of the Administrative Agent and the Title Insurance Company, showing all buildings and
other improvements, any off-site improvements, the location of any easements, parking spaces, rights of way, building set-back lines and other dimensional regulations and the absence of encroachments, either by such improvements or on to such
property, and other defects, other than encroachments and other defects acceptable to the Administrative Agent. 
 Flood Hazard
Information. (i) Flood hazard certificates and evidence of flood insurance, both as required by The National Flood Insurance Reform Act of 1994, as amended, and as required by the Administrative Agent. (ii) The information required to
be delivered pursuant to Schedule 5.21(g)(i) no later than fifteen (15) days prior to the Closing Date (or, with respect to any Person to be joined as a Loan Party, such joinder date). 

Insurance. Evidence of the insurance required by the terms of the Mortgages and the Loan Documents. 

  
 [***] Confidential
treatment has been requested for the bracketed portions. The confidential redacted portion has been omitted and filed separately with the Securities and Exchange Commission. 








 Appraisal. An appraisal of each of the properties described in the Mortgages complying with the
requirements of the Federal Financial Institutions Reform, Recovery and Enforcement Act of 1989, which appraisals shall be in form and substance reasonably satisfactory to the Administrative Agent and from a Person acceptable to the Administrative
Agent. 
 Legal Opinions. To the extent requested by the Administrative Agent, favorable opinions of counsel to the Loan Parties for each
jurisdiction in which the Mortgaged Properties are located which opinions shall be in form and substance reasonably acceptable to Administrative Agent and its counsel. 
 Property Reports. Satisfactory third-party engineering, soils, environmental reports/reviews and other reports of all owned Mortgaged Properties, and to the extent requested by the Administrative
Agent, all leased Mortgaged Properties, from professional firms acceptable to Administrative Agent, including, but not limited to Phase I environmental assessments, together with reliance letters in favor of the Lenders. 

Leased Real Property Documents. To the extent requested by the Administrative Agent, all lease agreements between the applicable leasing entity
and each of the lessors of the leased real properties listed on Schedule 5.21(g)(i) and Schedule 5.21(g)(ii) (as applicable) and estoppel and consent agreements executed by each of the lessors of the leased real properties listed on
Schedule 5.21(g)(i) and Schedule 5.21(g)(ii) (as applicable), along with (i) a memorandum of lease in recordable form with respect to such leasehold interest, executed and acknowledged by the owner of the affected real property,
as lessor, or (ii) evidence that the applicable lease with respect to such leasehold interest or a memorandum thereof has been recorded in all places necessary or desirable, in the Administrative Agent’s reasonable judgment, to give
constructive notice to third-party purchasers of such leasehold interest, or (iii) if such leasehold interest was acquired or subleased from the holder of a recorded leasehold interest, the applicable assignment or sublease document, executed
and acknowledged by such holder, in each case in form sufficient to give such constructive notice upon recordation and otherwise in form and substance reasonably satisfactory to the Administrative Agent. 

Estoppels and SNDA. To the extent requested by the Administrative Agent, as to owned properties, copies of the leases listed on Schedule
5.21(g)(i) and Schedule 5.21(g)(ii) (as applicable), along with (i) estoppel certificates, from the lessees for such leased properties and (ii) subordination, non-disturbance and attornment agreements in form and substance
reasonably satisfactory to the Administrative Agent from those tenants of such leased properties. 
 Other Real Property Information. The
Administrative Agent shall have received such other certificates, documents and information as are reasonably requested by the Lenders, including, without limitation, landlord agreements/waivers, engineering and structural reports, permanent
certificates of occupancy and evidence of zoning compliance, each in form and substance reasonably satisfactory to the Administrative Agent. 

Collateral / Further Assurances / Additional Evidence. At any time, and from time to time, upon reasonable request by the Administrative Agent or
any Lender, each Loan Party will, at the Borrower’s or such Loan Party’s expense, (i) correct any defect, error or omission which may be discovered in the form or content of any of the Loan Documents, and (ii) make, execute,
deliver 

  
 [***] Confidential
treatment has been requested for the bracketed portions. The confidential redacted portion has been omitted and filed separately with the Securities and Exchange Commission. 








 
and record, or cause to be made, executed, delivered and recorded, any and all further instruments, certificates and other documents as may, in the reasonable opinion of Administrative Agent or
any Lender, be necessary or desirable in order to complete, perfect or continue and preserve the Liens and security interests of the Mortgages. Upon any failure by such Loan Party to do so, the Administrative Agent may make, execute and record any
and all such instruments, certificates and other documents for and in the name of such Loan Party, all at the sole expense of the Borrower or such Loan Party, and such Loan Party hereby appoints the Administrative Agent the agent and
attorney-in-fact of such Loan Party to do so, this appointment being coupled with an interest and being irrevocable. Without limitation of the foregoing, each Loan Party irrevocably authorizes the Administrative Agent at any time and from time to
time to file any financing statements, amendments thereto and continuation statements deemed necessary or desirable by the Administrative Agent to establish or maintain the validity, perfection and priority of the Liens and security interests
granted in the Mortgages, and each Loan Party ratifies any such filings made by the Administrative Agent prior to the date hereof. From and after the time any Mortgage is recorded and encumbers a Mortgaged Property pursuant to the terms hereof, such
Loan Party shall promptly deliver to the Administrative Agent a copy of each such instrument and evidence of its proper filing or recording, as necessary. From and after the time any Mortgage is recorded and encumbers a Mortgaged Property pursuant
to the terms hereof, such Loan Party will cause all of the applicable Collateral to be subject at all times to first priority, perfected Liens in favor of the Administrative Agent for the benefit of the Lenders to secure the Secured Obligations
pursuant to the terms and conditions of the Loan Documents. Further, Borrower shall provide such other assurances, certificates, documents, consents or opinions as Administrative Agent or any Lender may reasonably require. 

  
 [***] Confidential
treatment has been requested for the bracketed portions. The confidential redacted portion has been omitted and filed separately with the Securities and Exchange Commission. 








 Exhibit 10.10e 
 CONFIDENTIAL TREATMENT REQUESTED 
 Certain portions of this document have been omitted
pursuant to a request for Confidential Treatment and, where applicable, have been marked with “[***]” to indicate where omissions have been made. The confidential material has been filed separately with the Securities and Exchange
Commission. 
 SCHEDULE 1.01(c) 
 Authorized Officers 
  

			
	 Loan Party
	  	 Authorized Officers

	SolarCity Corporation	  	 Lyndon Rive, Chief Executive Officer
  

Peter Rive, Chief Operating Officer
  

Robert Kelly, Chief Financial Officer
  

Seth Weissman, Vice President, General Counsel and Secretary
  

Ajmere Dale, Vice President and Controller


  

			
	 Loan Party
	  	 Authorized Officers

	Poppy Acquisition LLC	  	 Lyndon Rive, President and Chief Executive Officer
  

Peter Rive, Chief Operating Officer
  

Robert Kelly, Chief Financial Officer
  

Seth Weissman, Secretary


  

			
	 Loan Party
	  	 Authorized Officers

	Zoom Acquisition LLC	  	 Lyndon Rive, President and Chief Executive Officer
  

Robert Kelly, Chief Financial Officer
  

Seth Weissman, Secretary



  
 [***] Confidential
treatment has been requested for the bracketed portions. The confidential redacted portion has been omitted and filed separately with the Securities and Exchange Commission. 








 SCHEDULE 5.10 

Insurance 
  

																	
	 Loan Party
	  	Carrier	  	Policy Number	  	Expiration
Date	  	Type	  	Amount	 	 	Deductibles	 
	 SolarCity Corporation

Poppy Acquisition LLC

Zoom Acquisition LLC
	  	Liberty	  	Omitted	  	9/1/14	  	CGL	  	$	[***	] 	 	$	[***	] 
	 SolarCity Corporation

Poppy Acquisition LLC

Zoom Acquisition LLC
	  	Aspen	  	Omitted	  	4/1/14	  	Property	  	$	[***	] 	 	$	[***	] 
	 SolarCity Corporation

Poppy Acquisition LLC

Zoom Acquisition LLC
	  	Liberty	  	Omitted	  	9/1/14	  	Umbrella	  	$	[***	] 	 	$	[***	] 
	 SolarCity Corporation

Poppy Acquisition LLC

Zoom Acquisition LLC
	  	Lloyds	  	Omitted	  	9/1/14	  	Cargo	  	$	[***	] 	 	$	[***	] 


  
 1 


 [***] Confidential treatment has been requested for the bracketed portions. The confidential redacted
portion has been omitted and filed separately with the Securities and Exchange Commission. 








 SCHEDULE 5.12 

Pension Plans 
 SolarCity Corporation 
 None 

Poppy Acquisition LLC 
 None 
 Zoom Acquisition LLC 

None 

  
 1 


 [***] Confidential treatment has been requested for the bracketed portions. The confidential redacted
portion has been omitted and filed separately with the Securities and Exchange Commission. 








 SCHEDULE 5.20(a) 

Subsidiaries, Partnerships and Other Equity Investments 
 SolarCity Corporation 
  

															
	 Subsidiary
	  	 Owner(s)
	  	 Outstanding
	  	 by Loan Party
	  	Number(s)	 	by Loan Party	 	 	 Class/Nature

	 AU Solar I, LLC
	  	[***]	  	[***]	  	[***]	  		 	 	[***	]% 	 	[***]
	 Banyan SolarCity Manager 2010, LLC
	  	[***]	  	[***]	  	[***]	  		 	 	[***	]% 	 	[***]
	 Banyan SolarCity Owner 2010, LLC
	  	[***]	  	[***]	  	[***]	  		 	 	[***	]% 	 	[***]
	 Beatrix Solar I, LLC
	  	[***]	  	[***]	  	[***]	  		 	 	[***	]% 	 	[***]
	 Bernese Solar Manager I, LLC
	  	[***]	  	[***]	  	[***]	  		 	 	[***	]% 	 	[***]
	 Blue Skies Solar I, LLC
	  	[***]	  	[***]	  	[***]	  		 	 	[***	]% 	 	[***]
	 Building Solutions Acquisition Corporation
	  	[***]	  	[***]	  	[***]	  	[***]	 	 	[***	]% 	 	[***]
	 Cardinal Blue Solar, LLC
	  	[***]	  	[***]	  	[***]	  		 	 	[***	]% 	 	[***]
	 City UB Solar, LLC
	  	[***]	  	[***]	  	[***]	  		 	 	[***	]% 	 	[***]
	 Clydesdale SC Solar I, LLC
	  	[***]	  	[***]	  	[***]	  		 	 	[***	]% 	 	[***]
	 Eiger Lease Co, LLC
	  	[***]	  	[***]	  	[***]	  		 	 	[***	]% 	 	[***]
	 Fontane Solar I, LLC
	  	[***]	  	[***]	  	[***]	  		 	 	[***	]% 	 	[***]
	 Haymarket Holdings, LLC
	  	[***]	  	[***]	  	[***]	  		 	 	[***	]% 	 	[***]
	 Haymarket Manager 1, LL
	  	[***]	  	[***]	  	[***]	  		 	 	[***	]% 	 	[***]
	 Haymarket Solar 1, LLC
	  	[***]	  	[***]	  	[***]	  		 	 	[***	]% 	 	[***]
	 Ikehu Manager I, LLC
	  	[***]	  	[***]	  	[***]	  		 	 	[***	]% 	 	[***]
	 IL Buono Solar I, LLC
	  	[***]	  	[***]	  	[***]	  		 	 	[***	]% 	 	[***]
	 Landlord 2008-A LLC
	  	[***]	  		  		  		 	 	[***	]% 	 	[***]
		  	[***]	  		  		  		 	 	[***	]% 	 	[***]
	 Master Tenant 2008-A LLC
	  	[***]	  		  		  		 	 	[***	]% 	 	[***]
	 Matterhorn Solar I, LLC
	  	[***]	  	[***]	  	[***]	  		 	 	[***	]% 	 	[***]
	 Monte Rosa Solar I, LLC
	  	[***]	  	[***]	  	[***]	  		 	 	[***	]% 	 	[***]
	 Mound Solar Manager V, LLC
	  	[***]	  	[***]	  	[***]	  		 	 	[***	]% 	 	[***]
	 Mound Solar Manager VI, LLC
	  	[***]	  	[***]	  	[***]	  		 	 	[***	]% 	 	[***]
	 Mound Solar Master Tenant V, LLC
	  	[***]	  		  		  		 	 	[***	]% 	 	[***]
	 Mound Solar Master Tenant VI, LLC
	  	[***]	  		  		  		 	 	[***	]% 	 	[***]
	 Mound Solar Master Tenant VII, LLC
	  	[***]	  		  		  		 	 	[***	]% 	 	[***]
							
	 Mound Solar MT Manager VII, LLC
	  	[***]	  	[***]	  	[***]	  		 	 	[***	]% 	 	[***]
	 Mound Solar Owner Manager VII, LLC
	  	[***]	  	[***]	  	[***]	  		 	 	[***	]% 	 	[***]
	 Mound Solar Owner V, LLC
	  	[***]	  		  		  		 	 	[***	]% 	 	[***]
		  	[***]	  		  		  		 	 	[***	]% 	 	[***]
	 Mound Solar Owner VI, LLC
	  	[***]	  		  		  		 	 	[***	]% 	 	[***]
		  	[***]	  		  		  		 	 	[***	]% 	 	[***]
	 Mound Solar Owner VII, LLC
	  	[***]	  		  		  		 	 	[***	]% 	 	[***]
		  	[***]	  		  		  		 	 	[***	]% 	 	[***]
	 MS SolarCity 2008, LLC
	  	[***]	  	[***]	  	[***]	  		 	 	[***	]% 	 	[***]


  
 1 


 [***] Confidential treatment has been requested for the bracketed portions. The confidential redacted
portion has been omitted and filed separately with the Securities and Exchange Commission. 









															
	 Subsidiary
	  	 Owner(s)
	  	 Outstanding
	  	 by Loan Party
	  	Number(s)	 	by Loan Party	 	 	 Class/Nature

	 MS SolarCity Commercial 2008, LLC
	  	[***]	  	[***]	  	[***]	  		 	 	[***	]% 	 	[***]
	 MS SolarCity Residential 2008, LLC
	  	[***]	  	[***]	  	[***]	  		 	 	[***	]% 	 	[***]
	 MT Solar Corporation
	  	[***]	  	[***]	  	[***]	  		 	 	[***	]% 	 	[***]
	 NBA SolarCity AFB, LLC
	  	[***]	  	[***]	  	[***]	  		 	 	[***	]% 	 	[***]
	 NBA SolarCity Commercial I, LLC
	  	[***]	  	[***]	  	[***]	  		 	 	[***	]% 	 	[***]
	 NBA SolarCity Solar Phoenix, LLC
	  	[***]	  	[***]	  	[***]	  		 	 	[***	]% 	 	[***]
	 PaCo Solar Holdings, LLC
	  	[***]	  	[***]	  	[***]	  		 	 	[***	]% 	 	[***]
	 PaCo Solar Lessee 1, LLC
	  	[***]	  	[***]	  	[***]	  		 	 	[***	]% 	 	[***]
	 PaCo Solar Lessee Manager 1, LLC
	  	[***]	  	[***]	  	[***]	  		 	 	[***	]% 	 	[***]
	 PaCo Solar Lessor 1, LLC
	  	[***]	  	[***]	  	[***]	  		 	 	[***	]% 	 	[***]
	 Paramount Energy Fund I Lessee, LLC
	  	[***]	  		  		  		 	 	[***	]% 	 	[***]
	 Paramount Energy Fund I Lessor, LLC
	  	[***]	  		  		  		 	 	[***	]% 	 	[***]
	 PEF I MM, LLC
	  	[***]	  	[***]	  	[***]	  		 	 	[***	]% 	 	[***]
	 Poppy Acquisition LLC
	  	[***]	  	[***]	  	[***]	  		 	 	[***	]% 	 	[***]
	 Pukana La Solar I, LLC
	  	[***]	  	[***]	  	[***]	  		 	 	[***	]% 	 	[***]
	 Sequoia Pacific Holdings, LLC
	  	[***]	  	[***]	  	[***]	  		 	 	[***	]% 	 	[***]
	 Sequoia Pacific Manager I, LLC
	  	[***]	  	[***]	  	[***]	  		 	 	[***	]% 	 	[***]
	 Sequoia Pacific Solar I, LLC
	  	[***]	  	[***]	  	[***]	  		 	 	[***	]% 	 	[***]
	 Sequoia SolarCity Owner I, LLC
	  	[***]	  	[***]	  	[***]	  		 	 	[***	]% 	 	[***]
	 Solar Energy of America 1, LLC
	  	[***]	  	[***]	  	[***]	  		 	 	[***	]% 	 	[***]
	 Solar Energy of America Holdco, LLC
	  	[***]	  	[***]	  	[***]	  		 	 	[***	]% 	 	[***]
	 Solar Energy of America Manager 1 Corporation
	  	[***]	  	[***]	  	[***]	  	[***]	 	 	[***	]% 	 	[***]
	 Solar House I, LLC
	  	[***]	  	[***]	  	[***]	  		 	 	[***	]% 	 	[***]
	 Solar Marketing, Inc.
	  	[***]	  	[***]	  	[***]	  		 	 	[***	]% 	 	[***]
	 Solar Marsh, LLC
	  	[***]	  	[***]	  	[***]	  		 	 	[***	]% 	 	[***]
	 Solar Odyssey Holdings, LLC
	  	[***]	  	[***]	  	[***]	  		 	 	[***	]% 	 	[***]
	 Solar Ulysses Manager I, LLC
	  	[***]	  	[***]	  	[***]	  		 	 	[***	]% 	 	[***]
	 Solar Warehouse Manager, LLC
	  	[***]	  	[***]	  	[***]	  		 	 	[***	]% 	 	[***]
	 SolarCity Alpine Holdings, LLC
	  	[***]	  	[***]	  	[***]	  		 	 	[***	]% 	 	[***]
	 SolarCity Amphitheatre Holdings, LLC
	  	[***]	  	[***]	  	[***]	  		 	 	[***	]% 	 	[***]
	 SolarCity Arbor Holdings, LLC
	  	[***]	  	[***]	  	[***]	  		 	 	[***	]% 	 	[***]
	 SolarCity Arches Holdings, LLC
	  	[***]	  	[***]	  	[***]	  		 	 	[***	]% 	 	[***]
	 SolarCity AU Holdings, LLC
	  	[***]	  	[***]	  	[***]	  		 	 	[***	]% 	 	[***]
	 SolarCity Engineering, Inc.
	  	[***]	  	[***]	  	[***]	  	[***]	 	 	[***	]% 	 	[***]
	 SolarCity Fund Holdings, LLC
	  	[***]	  	[***]	  	[***]	  		 	 	[***	]% 	 	[***]
	 SolarCity Giants Holdings, LLC
	  	[***]	  	[***]	  	[***]	  		 	 	[***	]% 	 	[***]
	 SolarCity Grand Canyon Holdings, LLC
	  	[***]	  	[***]	  	[***]	  		 	 	[***	]% 	 	[***]
	 SolarCity Holdings 2008, LLC
	  	[***]	  	[***]	  	[***]	  		 	 	[***	]% 	 	[***]
	 SolarCity International, Inc.
	  	[***]	  	[***]	  	[***]	  	[***]	 	 	[***	]% 	 	[***]
	 SolarCity Investments Canada Ltd.
	  	[***]	  	[***]	  	[***]	  	[***]	 	 	[***	]% 	 	[***]
	 SolarCity LMC Series I, LLC
	  	[***]	  	[***]	  	[***]	  		 	 	[***	]% 	 	[***]
	 SolarCity Mid-Atlantic Holdings, LLC
	  	[***]	  	[***]	  	[***]	  		 	 	[***	]% 	 	[***]
	 SolarCity Orange Holdings, LLC
	  	[***]	  	[***]	  	[***]	  		 	 	[***	]% 	 	[***]
	 SolarCity Pierpont Holdings, LLC
	  	[***]	  	[***]	  	[***]	  		 	 	[***	]% 	 	[***]
	 SolarCity Series Holdings I, LLC
	  	[***]	  	[***]	  	[***]	  		 	 	[***	]% 	 	[***]
	 SolarCity Ulu Holdings, LLC
	  	[***]	  	[***]	  	[***]	  		 	 	[***	]% 	 	[***]


  
 2 


 [***] Confidential treatment has been requested for the bracketed portions. The confidential redacted
portion has been omitted and filed separately with the Securities and Exchange Commission. 









															
	 Subsidiary
	  	 Owner(s)
	  	 Outstanding
	  	 by Loan Party
	  	Number(s)	  	by Loan Party	 	 	 Class/Nature

	 SolarCity Village Holdings, LLC
	  	[***]	  	[***]	  	[***]	  		  	 	[***	]% 	 	[***]
	 SolarMarsh KL, LLC
	  	[***]	  	[***]	  	[***]	  		  	 	[***	]% 	 	[***]
	 SolarMarsh RB, LLC
	  	[***]	  	[***]	  	[***]	  		  	 	[***	]% 	 	[***]
	 SolarMarsh SM, LLC
	  	[***]	  	[***]	  	[***]	  		  	 	[***	]% 	 	[***]
	 SolarMarsh VM, LLC
	  	[***]	  	[***]	  	[***]	  		  	 	[***	]% 	 	[***]
	 SolarRock, LLC
	  	[***]	  	[***]	  	[***]	  		  	 	[***	]% 	 	[***]
	 SolarStrong Holdings, LLC
	  	[***]	  	[***]	  	[***]	  		  	 	[***	]% 	 	[***]
	 SolarStrong, LLC
	  	[***]	  	[***]	  	[***]	  		  	 	[***	]% 	 	[***]
	 USB SolarCity Manager 2009, LLC
	  	[***]	  	[***]	  	[***]	  		  	 	[***	]% 	 	[***]
	 USB SolarCity Manager 2009-2010, LLC
	  	[***]	  	[***]	  	[***]	  		  	 	[***	]% 	 	[***]
	 USB SolarCity Manager III, LLC
	  	[***]	  	[***]	  	[***]	  		  	 	[***	]% 	 	[***]
	 USB SolarCity Manager IV, LLC
	  	[***]	  	[***]	  	[***]	  		  	 	[***	]% 	 	[***]
	 USB SolarCity Master Tenant 2009, LLC
	  	[***]	  		  		  		  	 	[***	]% 	 	[***]
		  	[***]	  		  		  		  	 	[***	]% 	 	[***]
	 USB SolarCity Master Tenant 2009-2010, LLC
	  	[***]	  		  		  		  	 	[***	]% 	 	[***]
		  	[***]	  		  		  		  	 	[***	]% 	 	[***]
	 USB SolarCity Master Tenant III, LLC
	  	[***]	  		  		  		  	 	[***	]% 	 	[***]
		  	[***]	  		  		  		  	 	[***	]% 	 	[***]
	 USB SolarCity Master Tenant IV, LLC
	  	[***]	  		  		  		  	 	[***	]% 	 	[***]
	 USB SolarCity Owner 2009, LLC
	  	[***]	  		  		  		  	 	[***	]% 	 	[***]
		  	[***]	  		  		  		  	 	[***	]% 	 	[***]
	 USB SolarCity Owner 2009-2010, LLC
	  	[***]	  		  		  		  	 	[***	]% 	 	[***]
		  	[***]	  		  		  		  	 	[***	]% 	 	[***]
	 USB SolarCity Owner III, LLC
	  	[***]	  		  		  		  	 	[***	]% 	 	[***]
		  	[***]	  		  		  		  	 	[***	]% 	 	[***]
	 USB SolarCity Owner IV, LLC
	  	[***]	  		  		  		  	 	[***	]% 	 	[***]
		  	[***]	  		  		  		  	 	[***	]% 	 	[***]
	 Zoom Acquisition Corporation
	  	[***]	  	[***]	  	[***]	  		  	 	[***	]% 	 	[***]
	 Zoom Acquisition LLC
	  	[***]	  	[***]	  	[***]	  		  	 	[***	]% 	 	[***]

 Poppy Acquisition LLC 
  

															
	 Subsidiary
	  	 Owner(s)
	  	Outstanding	  	by Loan Party	  	Number(s)	  	by Loan Party	 	 	Class/Nature
	 Paramount Energy Fund I Lessee, LLC
	  	PEF I MM, LLC	  		  		  		  	 	[***	]% 	 	Managing Member
	 Paramount Energy Fund I Lessor, LLC
	  	PEF I MM, LLC	  		  		  		  	 	[***	]% 	 	Managing Member
	 PEF I MM, LLC
	  	Poppy Acquisition LLC	  	Sole Member	  	Sole Member	  		  	 	[***	]% 	 	Sole Member


  
 3 


 [***] Confidential treatment has been requested for the bracketed portions. The confidential redacted
portion has been omitted and filed separately with the Securities and Exchange Commission. 








 Zoom Acquisition LLC 
 None 

  
 4 


 [***] Confidential treatment has been requested for the bracketed portions. The confidential redacted
portion has been omitted and filed separately with the Securities and Exchange Commission. 








 SCHEDULE 5.20(b) 

Loan Parties 

SolarCity Corporation 
  

			
	Exact Legal Name of Loan Party:	  	SolarCity Corporation
	Previous Legal Names within the 4 months prior to the Closing Date:	  	None
	Jurisdiction of Organization/Incorporation:	  	Delaware
	Type of Organization:	  	Corporation
	Jurisdictions where Qualified to do Business:	  	 Arizona
 California

Colorado
 Connecticut

Delaware
 District of Columbia

Florida
 Hawaii

Maryland
 Massachusetts

Nevada
 New Hampshire

New Jersey
 New Mexico

New York
 Ohio

Oregon
 Pennsylvania

Puerto Rico
 Tennessee

Texas
 Utah

Vermont
 Virginia

Washington

	Address of Chief Executive Office:	  	 3055 Clearview Way
 San Mateo,
CA 94402

	Address of Principal Place of Business:	  	 3055 Clearview Way
 San Mateo,
CA 94402

	U.S. Federal Taxpayer Identification Number, or Unique Identification Number (as applicable)	  	02-0781046
	Organizational Identification Number (if any):	  	4178768
	Ownership Information (e.g. publicly held, if private or partnership—identity of owners/partners):	  	 Publicly traded company on the NASDAQ Global Market
  

10% stockholders:
 Elon Musk

Draper Fisher Jurvetson and affiliates

	Industry or Nature of Business:	  	Clean energy services and products


  
 1 


 [***] Confidential treatment has been requested for the bracketed portions. The confidential redacted
portion has been omitted and filed separately with the Securities and Exchange Commission. 








 Poppy Acquisition LLC 

 

			
	Exact Legal Name of Loan Party:	  	Poppy Acquisition LLC
	Previous Legal Names within the 4 months prior to the Closing Date:	  	None
	Jurisdiction of Organization/Incorporation:	  	Delaware
	Type of Organization:	  	LLC
	Jurisdictions where Qualified to do Business:	  	Delaware
	Address of Chief Executive Office:	  	 3055 Clearview Way
 San Mateo,
CA 94402

	Address of Principal Place of Business:	  	 3055 Clearview Way
 San Mateo,
CA 94402

	U.S. Federal Taxpayer Identification Number, or Unique Identification Number (as applicable)	  	46-3534060
	Organizational Identification Number (if any):	  	5380171
	Ownership Information (e.g. publicly held, if private or partnership—identity of owners/partners):	  	Privately held company whose sole member is SolarCity Corporation
	Industry or Nature of Business:	  	Clean energy services and products

 Zoom Acquisition LLC 
  

			
	Exact Legal Name of Loan Party:	  	Zoom Acquisition LLC
	Previous Legal Names within the 4 months prior to the Closing Date:	  	None
	Jurisdiction of Organization/Incorporation:	  	California
	Type of Organization:	  	LLC
	Jurisdictions where Qualified to do Business:	  	California
	Address of Chief Executive Office:	  	 3055 Clearview Way
 San Mateo,
CA 94402

	Address of Principal Place of Business:	  	 3055 Clearview Way
 San Mateo,
CA 94402

	U.S. Federal Taxpayer Identification Number, or Unique Identification Number (as applicable)	  	—
	Organizational Identification Number (if any):	  	201327710081
	Ownership Information (e.g. publicly held, if private or partnership—identity of owners/partners):	  	Privately held company whose sole member is SolarCity Corporation
	Industry or Nature of Business:	  	Clean energy services and products


  
 2 


 [***] Confidential treatment has been requested for the bracketed portions. The confidential redacted
portion has been omitted and filed separately with the Securities and Exchange Commission. 








 SCHEDULE 5.21(b) 

Intellectual Property 

SolarCity Corporation 

Copyrights: None 
 Patents:

  

													
	 Patent Holder
	  	 Country
	  	 Title
	  	 Case
Type
	  	 Status
	  	 App
 Number
 Pat

Number
	  	 App
 Date

Iss Date

	 SolarCity Corporation
	  	USA	  	Methods of Processing Information in Solar Energy System	  	RCE	  	Granted	  	 12/040,693
 8,249,902
	  	 02/29/08
 08/21/12

							
	 SolarCity Corporation
	  	USA	  	Methods of Processing Information in Solar Energy System	  	CON	  	Published	  	13/589,771	  	08/20/12
							
	 SolarCity Corporation
	  	USA	  	Renewable Energy System Monitor	  	PRI	  	Granted	  	 12/046,236
 7,904,382
	  	 03/11/08
 03/08/11

							
	 SolarCity Corporation
	  	USA	  	Renewable Energy System Monitor	  	RCE	  	Granted	  	 13/020,661
 8,175,964
	  	 02/03/11
 05/08/12

							
	 SolarCity Corporation
	  	USA	  	Renewable Energy System Monitor	  	RCE	  	Granted	  	 12/047,860
 7,925,552
	  	 03/13/08
 04/12/11

							
	 SolarCity Corporation
	  	USA	  	Renewable Energy System Monitor	  	CON	  	Published	  	13/051,744	  	03/18/11
							
	 SolarCity Corporation
	  	USA	  	Supply Side Backfeed Meter Socket Adapter	  	PRI	  	Granted	  	 12/166,205
 7,648,389
	  	 07/01/08
 01/19/10

							
	 SolarCity Corporation
	  	USA	  	Energy Services	  	RCE	  	Published	  	12/199,242	  	08/27/08
							
	 SolarCity Corporation
	  	USA	  	Renewable Energy Employee and Employer Group Discounting	  	RCE	  	Published	  	12/203,145	  	09/03/08
							
	 SolarCity Corporation
	  	USA	  	Quick Release Mechanism for Solar Panels	  	RCE	  	Published	  	11/936,343	  	11/07/07
							
	 SolarCity Corporation
	  	USA	  	Roof Support Apparatus for Solar Panels	  	PRI	  	Granted	  	 12/349,158
 7,797,883
	  	 01/06/09
 09/21/10

							
	 SolarCity Corporation
	  	USA	  	Techniques for Optimizing Stringing of Solar Panel Modules	  	PRI	  	Published	  	13/227,139	  	09/07/11


  
 1 


 [***] Confidential treatment has been requested for the bracketed portions. The confidential redacted
portion has been omitted and filed separately with the Securities and Exchange Commission. 









													
							
	 SolarCity Corporation
	  	USA	  	Techniques for Optimizing Stringing of Solar Panel Modules	  	CON	  	Published	  	13/426,487	  	03/21/12
							
	 SolarCity Corporation
	  	USA	  	Techniques for Optimizing Stringing of Solar Panel Modules	  	CON	  	Published	  	13/426,503	  	03/21/12
							
	 SolarCity Corporation
	  	USA	  	Solar Panel Fire Skirt	  	PRI	  	Published	  	13/535,892	  	06/28/12
							
	 SolarCity Corporation
	  	USA	  	Supply Side Backfeed Meter Socket Adapter	  	PRI	  	Pending	  	13/670,335	  	11/06/12
							
	 SolarCity Corporation
	  	USA	  	TECHNIQUES FOR CONTROLLING ENERGY GENERATION AND STORAGE SYSTEMS	  	PRI	  	Pending	  	13/553,603	  	07/19/12
							
	 SolarCity Corporation
	  	USA	  	Solar Panel Clamp System	  	PRI	  	Pending	  	13/552,395	  	07/18/12
							
	 SolarCity Corporation
	  	USA	  	Systems and Methods for Home Energy Auditing	  	PRI	  	Pending	  	13/433,191	  	03/28/12
							
	 SolarCity Corporation
	  	USA	  	Techniques for Facilitating Electrical Design of an Energy Generation System	  	PRI	  	Pending	  	13/556,025	  	07/23/12
							
	 SolarCity Corporation
	  	USA	  	System and Method for Utility Bill Management	  	PRO	  	Pending	  	61/750,627	  	01/09/13
							
	 SolarCity Corporation
	  	USA	  	Systems and Methods for Solar Photovoltaic Design	  	PRI	  	Pending	  	13/557,450	  	07/25/12
							
	 SolarCity Corporation
	  	USA	  	TECHNIQUES FOR PROVISIONING ENERGY GENERATION AND STORAGE SYSTEMS	  	PRI	  	Pending	  	13/553,639	  	07/19/12
							
	 SolarCity Corporation
	  	USA	  	Software Abstraction Layer for Energy Generation and Storage Systems	  	PRI	  	Pending	  	13/553,653	  	07/19/12

 Trademarks: 
  

															
	 Trademark Owner
	 	 Country
	 	 Trademark Name
	 	 Status
	 	 Filing Date
	 	 Appl. No.
	 	 Reg. Date
	 	 Reg. No.

	 SolarCity Corporation
	 	Australia	 	SOLARCITY	 	Registered	 	10/03/07	 	1202200	 	11/20/08	 	1202200
								
	 SolarCity Corporation
	 	Canada	 	SOLARCITY	 	Registered	 	10/03/07	 	1366107	 	03/28/11	 	TMA794048
								
	 SolarCity Corporation
	 	Canada	 	SOLARSTRONG	 	Allowed-CA	 	04/13/11	 	1523554	 		 	
								
	 SolarCity Corporation
	 	USA	 	1-DAYSOLAR	 	Allowed	 	01/20/12	 	85521774	 		 	
								
	 SolarCity Corporation
	 	USA	 	DESIGN (CHEVRON)	 	Registered	 	01/30/12	 	85529053	 	09/04/12	 	4202345
								
	 SolarCity Corporation
	 	USA	 	ENERGY EXPLORER	 	Filed	 	07/15/13	 	86010215	 		 	
								
	 SolarCity Corporation
	 	USA	 	POWERGUIDE (STYLIZED)	 	Registered	 	03/26/09	 	77699884	 	02/15/11	 	3920376
								
	 SolarCity Corporation
	 	USA	 	POWERSAVINGS PLAN	 	Allowed	 	01/20/12	 	85521804	 		 	
								
	 SolarCity Corporation
	 	USA	 	ROOFTOP REWARDS	 	Registered	 	02/02/12	 	85532676	 	04/02/13	 	4311663
								
	 SolarCity Corporation
	 	USA	 	SOLAR MADE SIMPLE	 	Published	 	5/13/13	 	85922414	 		 	
								
	 SolarCity Corporation
	 	USA	 	SOLARCITY	 	Registered	 	12/08/06	 	77060532	 	07/29/08	 	3474562


  
 2 


 [***] Confidential treatment has been requested for the bracketed portions. The confidential redacted
portion has been omitted and filed separately with the Securities and Exchange Commission. 









															
								
	 SolarCity Corporation
	 	USA	 	SOLARCITY	 	Registered	 	06/23/06	 	78915934	 	10/04/11	 	4035797
								
	 SolarCity Corporation
	 	USA	 	SOLARCITY (AND SUN DESIGN)	 	Filed	 	09/11/13	 	86062026	 		 	
								
	 SolarCity Corporation
	 	USA	 	SOLARGUARD	 	Registered	 	09/13/07	 	77279209	 	06/09/09	 	3636027
								
	 SolarCity Corporation
	 	USA	 	SOLARLEASE	 	Registered	 	10/28/08	 	77602333	 	04/27/10	 	3782129
								
	 SolarCity Corporation
	 	USA	 	SOLARSTRONG	 	Registered	 	01/19/11	 	85220966	 	04/17/12	 	4129539
								
	 SolarCity Corporation
	 	USA	 	SUNRAISING	 	Registered	 	04/12/11	 	85293227	 	11/01/11	 	4049284

 Poppy Acquisition LLC 
 Copyrights: None 
 Patents: None 

Trademarks: None 
 Zoom
Acquisition LLC 
 Copyrights: None 
 Patents: None 
 Trademarks: None 

  
 3 


 [***] Confidential treatment has been requested for the bracketed portions. The confidential redacted
portion has been omitted and filed separately with the Securities and Exchange Commission. 








 SCHEDULE 5.21(c) 

Documents, Instruments, and Tangible Chattel Paper 
 SolarCity Corporation 
 All Documents: None 

All Instruments: None 
 All
Tangible Chattel Paper: None 
 Poppy Acquisition LLC 
 All Documents: None 
 All Instruments: None 

All Tangible Chattel Paper: None 

Zoom Acquisition LLC 
 All
Documents: None 
 All Instruments: None 
 All Tangible Chattel Paper: None 

  
 1 


 [***] Confidential treatment has been requested for the bracketed portions. The confidential redacted
portion has been omitted and filed separately with the Securities and Exchange Commission. 








 SCHEDULE 5.21(d)(i) 

Deposit Accounts & Securities Accounts1 
 SolarCity Corporation 

 

									
	 Institution
	  	 Account Number
	  	Balance	 	 	 ZBA or Payroll

	 BRIDGE BANK
	  	Omitted	  	 	[***	] 	 	
	 BRIDGE BANK
	  	Omitted	  	 	[***	] 	 	
	 BRIDGE BANK
	  	Omitted	  	 	[***	] 	 	
	 BRIDGE BANK
	  	Omitted	  	 	[***	] 	 	
	 BRIDGE BANK
	  	Omitted	  	 	[***	] 	 	Payroll
	 BRIDGE BANK
	  	Omitted	  	 	[***	] 	 	ZBA
	 National Bank of Arizona
	  	Omitted	  	 	[***	] 	 	
	 National Bank of Arizona
	  	Omitted	  	 	[***	] 	 	
	 KEY BANK
	  	Omitted	  	 	[***	] 	 	
	 AMERICAN EXPRESS
	  	Omitted	  	 	[***	] 	 	
	 SVB Asset Management
	  	Omitted	  	 	[***	] 	 	
	 Bank of America Merrill Lynch
	  	Omitted	  	 	[***	] 	 	
	 Bank of America Merrill Lynch
	  	Omitted	  	 	[***	] 	 	Master Disbursement - ZBA
	 Bank of America Merrill Lynch
	  	Omitted	  	 	[***	] 	 	FSA - ZBA
	 Bank of America Merrill Lynch
	  	Omitted	  	 	[***	] 	 	AP Concur - ZBA
	 Bank of America Merrill Lynch
	  	Omitted	  	 	[***	] 	 	Payroll - ZBA
	 Bank of America Merrill Lynch
	  	Omitted	  	 	[***	] 	 	AP Disbursement - ZBA
	 Bank of America Merrill Lynch
	  	Omitted	  	 	[***	] 	 	
	 Bank of America Merrill Lynch
	  	Omitted	  	 	[***	] 	 	
	 Bank of America Merrill Lynch
	  	Omitted	  	 	[***	] 	 	
	 Bank of America Merrill Lynch
	  	Omitted	  	 	[***	] 	 	
	 Bank of America Merrill Lynch
	  	Omitted	  	 	[***	] 	 	
	 Bank of America Merrill Lynch
	  	Omitted	  	 	[***	] 	 	
	 Bank of America Merrill Lynch
	  	Omitted	  	 	[***	] 	 	
	 Bank of America Merrill Lynch
	  	Omitted	  	 	[***	] 	 	
	 Bank of America Merrill Lynch
	  	Omitted	  	 	[***	] 	 	
	 Bank of America Merrill Lynch
	  	Omitted	  	 	[***	] 	 	
	 Bank of America Merrill Lynch
	  	Omitted	  	 	[***	] 	 	
	 Bank of America Merrill Lynch
	  	Omitted	  	 	[***	] 	 	
	 Bank of America Merrill Lynch
	  	Omitted	  	 	[***	] 	 	

  

	1 	As of September 30, 2013. 


  
 1 


 [***] Confidential treatment has been requested for the bracketed portions. The confidential redacted
portion has been omitted and filed separately with the Securities and Exchange Commission. 









									
	 Bank of America Merrill Lynch
	  	Omitted	  	 	[***	] 	 	
	 Bank of America Merrill Lynch
	  	Omitted	  	 	[***	] 	 	
	 Bank of America Merrill Lynch
	  	Omitted	  	 	[***	] 	 	
	 Bank of America Merrill Lynch
	  	Omitted	  	 	[***	] 	 	
	 Bank of America Merrill Lynch
	  	Omitted	  	 	[***	] 	 	
	 Bank of America Merrill Lynch
	  	Omitted	  	 	[***	] 	 	
	 Bank of America Merrill Lynch
	  	Omitted	  	 	[***	] 	 	
	 Bank of America Merrill Lynch
	  	Omitted	  	 	[***	] 	 	
	 Bank of America Merrill Lynch
	  	Omitted	  	 	[***	] 	 	
	 Bank of America Merrill Lynch
	  	Omitted	  	 	[***	] 	 	
	 Bank of America Merrill Lynch
	  	Omitted	  	 	[***	] 	 	
	 Bank of America Merrill Lynch
	  	Omitted	  	 	[***	] 	 	
	 Bank of America Merrill Lynch
	  	Omitted	  	 	[***	] 	 	
	 Bank of America Merrill Lynch
	  	Omitted	  	 	[***	] 	 	
	 Bank of America Merrill Lynch
	  	Omitted	  	 	[***	] 	 	
	 Bank of America Merrill Lynch
	  	Omitted	  	 	[***	] 	 	
	 Bank of America Merrill Lynch
	  	Omitted	  	 	[***	] 	 	
	 Bank of America Merrill Lynch
	  	Omitted	  	 	[***	] 	 	
	 Bank of America Merrill Lynch
	  	Omitted	  	 	[***	] 	 	
	 Bank of America Merrill Lynch
	  	Omitted	  	 	[***	] 	 	
	 Bank of America Merrill Lynch
	  	Omitted	  	 	[***	] 	 	
	 Bank of America Merrill Lynch
	  	Omitted	  	 	[***	] 	 	
	 Bank of America Merrill Lynch
	  	Omitted	  	 	[***	] 	 	
	 Bank of America Merrill Lynch
	  	Omitted	  	 	[***	] 	 	
	 Bank of America Merrill Lynch
	  	Omitted	  	 	[***	] 	 	
	 Bank of America Merrill Lynch
	  	Omitted	  	 	[***	] 	 	
	 Bank of America Merrill Lynch
	  	Omitted	  	 	[***	] 	 	
	 Bank of New York Mellon
	  	Omitted	  	 	[***	] 	 	
	 Wells Fargo Bank
	  	Omitted	  	 	[***	] 	 	
		  		  	  
	  
	 	 	
		  	 Total
	  	$	[***	] 	 	
		  		  	  
	  
	 	 	

 Poppy Acquisition LLC 
 None 

  
 2 


 [***] Confidential treatment has been requested for the bracketed portions. The confidential redacted
portion has been omitted and filed separately with the Securities and Exchange Commission. 








 Zoom Acquisition LLC 
 None 

  
 3 


 [***] Confidential treatment has been requested for the bracketed portions. The confidential redacted
portion has been omitted and filed separately with the Securities and Exchange Commission. 








 SCHEDULE 5.21(d)(ii) 

Electronic Chattel Paper & Letter of Credit Rights 

SolarCity Corporation 
 Electronic Chattel Paper: None 
 Letter of Credit Rights:
None 
 Poppy Acquisition LLC 
 Electronic Chattel Paper: None 
 Letter of Credit Rights:
None 
 Zoom Acquisition LLC 
 Electronic Chattel Paper: None 
 Letter of Credit Rights:
None 

  
 1 


 [***] Confidential treatment has been requested for the bracketed portions. The confidential redacted
portion has been omitted and filed separately with the Securities and Exchange Commission. 








 SCHEDULE 5.21(e) 

Commercial Tort Claims 
 SolarCity Corporation 
 None 

Poppy Acquisition LLC 
 None 
 Zoom Acquisition LLC 

None 

  
 1 


 [***] Confidential treatment has been requested for the bracketed portions. The confidential redacted
portion has been omitted and filed separately with the Securities and Exchange Commission. 








 SCHEDULE 5.21(f) 

Pledged Equity Interests 

SolarCity Corporation 
  

	(1)	Membership interest in Poppy Acquisition LLC 

  

	(2)	Membership interest in Zoom Acquisition LLC 


Poppy Acquisition LLC 
 None

 Zoom Acquisition LLC 

None 

  
 1 


 [***] Confidential treatment has been requested for the bracketed portions. The confidential redacted
portion has been omitted and filed separately with the Securities and Exchange Commission. 








 SCHEDULE 5.21(g)(i) 

Mortgaged Properties 
 SolarCity Corporation 
 None 

Poppy Acquisition LLC 
 None 
 Zoom Acquisition LLC 

None 

  
 1 


 [***] Confidential treatment has been requested for the bracketed portions. The confidential redacted
portion has been omitted and filed separately with the Securities and Exchange Commission. 








 SCHEDULE 5.21(g)(ii) 

Other Properties 

SolarCity Corporation 
 (A)

  

									
	 Address
	 	 County
	 	 Leased or
owned
	 	 If leased, name of lessor
	 	
To the extent owned, approximate
fair market value of such property

	 3055 Clearview Way
 San Mateo,
CA 94402
	 	San Mateo	 	Leased	 	Locon San Mateo, LLC	 	N/A
					
	 2855 Campus Drive
 San Mateo,
CA 94403
	 	San Mateo	 	Leased	 	 Lessor: Penlark, L.P.

Lessee/Sub-Lessor: Con-way Inc.
	 	N/A

 (B) 
  

											
	 Location
	 	 Address
	 	 County
	 	 Leased or
owned
	 	 If leased, name of lessor
	 	
To the extent owned, approximate
fair market value of such property

	 Washington, DC
	 	 505 9th St. N.W.
 Suite
800
 Washington, DC 20004
	 	District of Columbia	 	Leased	 	 Licensor: SEIA

Licensee: SolarCity Corporation
	 	N/A


  
 [***] Confidential
treatment has been requested for the bracketed portions. The confidential redacted portion has been omitted and filed separately with the Securities and Exchange Commission. 








 (C) 
  

											
	 Location
	 	 Address
	 	 County
	 	 Leased or
owned
	 	 If leased, name of lessor
	 	 To the extent owned, approximate
fair market value of such

property

	 Dewey
	 	 3600 State Route 69
 Dewey, AZ
86327
	 	Yavapai	 	Leased	 	AZ 3600 Investments, LLC	 	N/A
						
	 Glendale
	 	 7880 N. Glen Harbor Blvd
 Glendale, AZ 85307
	 	Maricopa	 	Leased	 	Denali National Trust X, L.L.C.	 	N/A
						
	 Phoenix (North)

(Deer Valley)
	 	 1725 West Williams
 Bldg E,
Suites 56-60
 Phoenix, AZ 85027
	 	Maricopa	 	Leased	 	Buttrum Deer Valley Commerce Center, LLC	 	N/A
						
	 Phoenix (South)
	 	 3834 E. Roeser Road
 Phoenix,
AZ 85040
	 	Maricopa	 	Leased	 	Park 40	 	N/A
						
	 Phoenix (South)
	 	 5401 S. 37th St.
 Phoenix, AZ
85040
	 	Maricopa	 	Leased	 	R. S. Hoyt, Jr., as Trustee of the R. S. Hoyt, Jr. Family Trust dated 6/23/80	 	N/A
						
	 Tucson
	 	 4651 S. Butterfield, Suite 102
 Tucson, AZ 85714
	 	Pima	 	Leased	 	Butterfield Building Center LLC	 	N/A
						
	 Bakersfield
	 	 5206 Young Street, Suites C & D
 Bakersfield, CA 93311
	 	Kern	 	Leased	 	Young Street Industrial Partners, LLC	 	N/A
						
	 Berkeley
	 	 1501 Eastshore Frontage Road

Berkeley, CA 94710
	 	Alameda	 	Leased	 	Three Prop. Inc.	 	N/A
						
	 Camarillo
	 	 4023 Camino Ranchero
 Unit
H/I
 Camarillo, CA 93012
	 	Ventura	 	Leased	 	Howard California Properties Camarillo 6 LLC	 	N/A
						
	 Chatsworth

(San Fernando Valley)
	 	 21040 Nordhoff Street

Chatsworth, CA 91311
	 	Los Angeles	 	Leased	 	Chatsworth Industrial Park, L.P.	 	N/A
						
	 Chico
	 	 349 Huss
 Chico, CA
95928
	 	Butte	 	Leased	 	Guillon Brouhard Gen. Part. 1	 	N/A
						
	 Foster City
	 	 391 Foster City Blvd
 Foster
City, CA 94404
	 	San Mateo	 	Leased	 	Izmirian Family Partners LP	 	N/A
						
	 Fresno
	 	 3980 North Chestnut, Suite 101

Fresno, CA 93726
	 	Fresno	 	Leased	 	Donald V. Pickett and Linda M. Pickett, Trustees of the Pickett Family Revocable Trust dated October 26, 1998	 	N/A
						
	 Lancaster
	 	 249 East Avenue K8

Bldg 2, Units 109, 111 & 113 Lancaster, CA 93534
	 	Los Angeles	 	Leased	 	William J. Hoffman, not individually but solely in his capacity as court-appointed receiver over the specific assets of Lancaster Business Park, LLC	 	N/A
						
	 Livermore
	 	 1216 Stealth Street
 Livermore,
CA 94551
	 	Alameda	 	Leased	 	Stealth Street Partners	 	
						
	 Los Angeles
	 	 6334 Arizona Place
 Los
Angeles, CA 90045
	 	Los Angeles	 	Leased	 	Westchester Industrial Tract	 	N/A
						
	 Morgan Hill

(San Jose)
	 	 18855 Adams Court, Building 2
 Morgan Hill, CA 95037
	 	Santa Clara	 	Leased	 	MH Adams Court, LLC	 	N/A


  
 [***] Confidential
treatment has been requested for the bracketed portions. The confidential redacted portion has been omitted and filed separately with the Securities and Exchange Commission. 









											
						
	 Ontario
	 	 Ontario Mills
 One Mills
Circle, CA 91764
	 		 		 		 	
						
	 Petaluma
	 	 1360-1362 N. McDowell Blvd

Petaluma, CA 94999
	 	Sonoma	 	Leased	 	1360 N. McDowell, LLC	 	N/A
						
	 Riverside
	 	 1755 Iowa Avenue

Building B
 Riverside, CA
92507
	 	Riverside	 	Leased	 	Abraham Winter and Esther Winter, Co-Trustees of U/D/T February 25, 1997 F/B/O The Winter Family Trust	 	N/A
						
	 Sacramento
	 	 2709 Academy Way, Suite 300

Sacramento, CA 95815
	 	Sacramento	 	Leased	 	Buzz Oates LLC Buzz Oates Development, L.P.	 	N/A
						
	 San Diego
	 	 5183 Mercury Point
 San Diego,
CA 92111
	 	San Diego	 	Leased	 	Marina Piccioni Property Trust dated 3/25/1988	 	N/A
						
	 San Luis Obispo
	 	 1237 Archer
 San Luis Obispo,
CA 93401
	 	San Luis Obispo	 	Leased	 	Susan Stern, Stern Family Trust	 	
						
	 Santa Ana

(Orange County)
	 	 2165 South Grand Ave
 Santa
Ana, CA 92705
	 	Orange	 	Leased	 	Industrial Plaza	 	N/A
						
	 Stockton
	 	 2001 Arch-Airport Road

Stockton, CA 95215
	 	San Joaquin	 	Leased	 	Stockton 215 Venture	 	N/A
						
	 Thousand Palms
	 	 31-315 Plantation Drive

Thousand Palms, CA 92276
	 	Riverside	 	Leased	 	K&W Management, LLC	 	N/A
						
	 Denver
	 	 490 East 76th Ave, Unit 3A

Denver, CO 80229
	 	Adams	 	Leased	 	WPC Corporate II, LLC	 	N/A
						
	 Parker
	 	 15690 Parkerhouse Road
 Parker,
CO 80134
	 	Douglas	 	Leased	 	Ascendant Capital Partners CPS, LLC	 	N/A
						
	 Rocky Hill
	 	 714 Brook Street
 Rocky Hill,
CT 06067
	 	Hartford	 	Leased	 	WEW 714 Brook Street LLC	 	N/A
						
	 Mililani
	 	 599 Kahelu Ave
 Mililani, HI
96789
	 	Honolulu	 	Leased	 	Hawaii KBC, LLC	 	N/A
						
	 Marlborough
	 	 24 St. Martin Drive
 Building
2, Unit 11 Marlborough, MA 01752
	 	Middlesex	 	Leased	 	St. Martin Drive LLC	 	N/A
						
	 Beltsville
	 	 9000 Virginia Manor Road, # 250
 Beltsville, MD 20705
	 	Prince George’s	 	Leased	 	ARE-8000/9000/10000 Virginia Manor, LLC	 	N/A


  
 [***] Confidential
treatment has been requested for the bracketed portions. The confidential redacted portion has been omitted and filed separately with the Securities and Exchange Commission. 









											
						
	 Las Vegas
	 	 6671 Las Vegas Blvd South

Building D, Suite 300
 Las Vegas, NV
89109
	 	Clark	 	Leased	 	 Master Landlord: TSLV LLC

Sublandlord/Tenant: Greater Las Vegas Chamber of Commerce
 Subtenant: SolarCity Corporation
	 	N/A
						
	 Blackwood
	 	 Village of Pine Run Commerce Center
 1001 Lower Landing Road
 Units 601 & 6-2

Gloucester Township, NJ 08012
	 	Camden	 	Leased	 	VPR Commerce Center	 	N/A
						
	 Cherry Hill
	 	 1930 East Marlton Pike
 Cherry
Hill, NJ 08003
	 	Camden	 	Leased	 	REM - Cherry Hill, LLC	 	N/A
						
	 Cranbury Township
	 	 9 Corporate Drive
 Cranbury
Township, NJ 08512
	 	Middlesex	 	Leased	 	Kerzner Associates No. 9, LLC	 	N/A
						
	 Albany
	 	 6 Vatrano Road
 Albany, NY
12205
	 	Albany	 	Leased	 	Vatrano Realty, Inc.	 	N/A
						
	 Brooklyn
	 	 155 Water St
 2nd Floor, Unit
3
 Brooklyn, NY 11201
	 	Kings	 	Leased	 	 Green Desk LLC (Licensor)

SolarCity Corporation (Licensee)
 155 Water St
LLC (Landlord/Lessor)
	 	N/A
						
	 Elmsford

(Westchester)
	 	 203 Ridgewood Drive
 Elmsford,
NY 10523
	 	Westchester	 	Leased	 	WU/LH 203 Ridgewood L.L.C.	 	N/A
						
	 Hauppage

(Long Island)
	 	 923C Motor Parkway
 Hauppauge,
NY
	 	Suffolk	 	Leased	 	MTB Associates LLC	 	N/A
						
	 Hauppage

(Long Island)
	 	 150 Motor Parkway
 Suite
401
 Hauppauge, NY 11788
	 	Suffolk	 	Leased	 	Regus Management Group, LLC	 	N/A
						
	 Portland
	 	 6132 NE 112th Avenue
 Portland,
OR 97220
	 	Multnomah	 	Leased	 	PNWP LLC #4	 	N/A
						
	 Dallas
	 	 10430 Shady Trail, Suite 108

Dallas, TX 75220
	 	Dallas	 	Leased	 	SVF Texas Lombardy, LP.	 	N/A
						
	 El Paso
	 	 5 Founders Blvd
 Suite
100
 El Paso, TX 79906
	 	El Paso	 	Leased	 	Buzz Oates El Paso LLC	 	N/A


  
 [***] Confidential
treatment has been requested for the bracketed portions. The confidential redacted portion has been omitted and filed separately with the Securities and Exchange Commission. 









											
						
	 Allentown
	 	 7542 & 7566 Morris Court

Allentown, PA 18106
	 	Lehigh	 	Leased	 	3rd Party Lessor: SMART-AT	 	N/A
						
	 Hayward
	 	 23541 Eichler St
 Hayward, CA
94545
	 	Alameda	 	Leased	 	3rd Party Lessor: Seko	 	N/A
						
	 Denver
	 	 3500 Windsor Dr., Unit. 400

Aurora, CO 80011
	 	Arapahoe	 	Leased	 	3rd Party Lessor: Seko-DV	 	N/A
						
	 Honolulu
	 	 933 N. Nimitz Hwy
 Honolulu, HI
96817
	 	Honolulu	 	Leased	 	3rd Party Lessor: Seko AIEA	 	N/A
						
	 Los Angeles
	 	 610 West Walnut St.
 Compton,
CA 90220
	 	Los Angeles	 	Leased	 	3rd Party Lessor: Seko LA	 	N/A
						
	 Phoenix
	 	 235 S. 56th Street
 Chandler,
AZ 85226
	 	Maricopa	 	Leased	 	3rd Party Lessor: Seko PHX	 	N/A
						
	 Phoenix
	 	 402 N. 37th. Drive, #101

Phoenix, AZ 85009
	 	Maricopa	 	Leased	 	3rd Party Lessor: Seko PHX	 	N/A
						
	 Ontario
	 	 6690 Goreway Drive

Mississauga, ON L4V1S6
	 	Ontario	 	Leased	 	3rd Party Lessor: Seko ONT	 	N/A
						
	 Rancho Dominguez
	 	 3030 E. Victoria St.
 Rancho
Dominguez, CA 90221
	 	Los Angeles	 	Leased	 	3rd Party Lessor: Seko Amazon	 	N/A
						
	 Puerto Rico
	 	 Rosendo Vela Acosta Ave

Building 9
 Carolina, PR 00987
	 	Carolina	 	Leased	 	3rd Party Lessor: Glenn International Inc.	 	N/A

 (D)2 
  

											
	 Location
	  	 Address
	  	 County
	  	 Leased or
 owned
	  	 If leased, name of lessor
	  	
To the extent owned, approximate
fair market value of such
property

	Hayward	  	 23541 Eichler St
 Hayward, CA
94545
	  	Alameda	  	Leased	  	3rd Party Lessor: Seko	  	N/A
						
	Allentown	  	 7542 & 7566 Morris Court

Allentown, PA 18106
	  	Lehigh	  	Leased	  	3rd Party Lessor: SMART-AT	  	N/A
						
	Los Angeles	  	 610 West Walnut St.
 Compton,
CA 90220
	  	Los Angeles	  	Leased	  	3rd Party Lessor: Seko LA	  	N/A


 

	2 	Information provided for warehouses that hold more than $1 million in Collateral. 


  
 [***] Confidential
treatment has been requested for the bracketed portions. The confidential redacted portion has been omitted and filed separately with the Securities and Exchange Commission. 









											
						
	Phoenix	  	 402 N. 37th. Drive, #101

Phoenix, AZ 85009
	  	Maricopa	  	Leased	  	3rd Party Lessor: Seko PHX	  	N/A
						
	Honolulu	  	 933 N. Nimitz Hwy
 Honolulu, HI
96817
	  	Honolulu	  	Leased	  	3rd Party Lessor: Seko AIEA	  	N/A
						
	Phoenix (South)	  	 3834 E. Roeser Road
 Phoenix,
AZ 85040
	  	Maricopa	  	Leased	  	Park 40	  	N/A
						
	 Elmsford

(Westchester)
	  	 203 Ridgewood Drive
 Elmsford,
NY 10523
	  	Westchester	  	Leased	  	WU/LH 203 Ridgewood L.L.C.	  	N/A
						
	Mililani	  	 599 Kahelu Ave
 Mililani, HI
96789
	  	Honolulu	  	Leased	  	Hawaii KBC, LLC	  	N/A
						
	El Paso	  	 5 Founders Blvd
 Suite
100
 El Paso, TX 79906
	  	El Paso	  	Leased	  	Buzz Oates El Paso LLC	  	N/A
						
	Denver	  	 490 East 76th Ave, Unit 3A

Denver, CO 80229
	  	Adams	  	Leased	  	WPC Corporate II, LLC	  	N/A
						
	Riverside	  	 1755 Iowa Avenue
 Building
B
 Riverside, CA 92507
	  	Riverside	  	Leased	  	Abraham Winter and Esther Winter, Co-Trustees of U/D/T February 25, 1997 F/B/O The Winter Family Trust	  	N/A
						
	Puerto Rico	  	 Rosendo Vela Acosta Ave

Building 9
 Carolina, PR 00987
	  	Carolina	  	Leased	  	3rd Party Lessor: Glenn International Inc.	  	N/A

 Poppy Acquisition LLC 
 (A) 
  

									
	 Address
	  	 County
	  	 Leased or
owned
	  	 If leased, name of lessor
	  	
To the extent owned, approximate
fair market value of such property

	 4202 Douglas Boulevard
 Suite
100
 Granite Bay, CA 95746
	  	Placer	  	Leased	  	D. Mark Davis Family Trust	  	N/A
					
	 4196 Douglas Boulevard
 Suite
100
 Granite Bay, CA 95746
	  	Placer	  	Leased	  	Granite Bay Investment Group II, LLC and Paramount Equity Mortgage, LLC	  	N/A


  
 [***] Confidential
treatment has been requested for the bracketed portions. The confidential redacted portion has been omitted and filed separately with the Securities and Exchange Commission. 








 Zoom Acquisition LLC 
 None 

  
 [***] Confidential
treatment has been requested for the bracketed portions. The confidential redacted portion has been omitted and filed separately with the Securities and Exchange Commission. 








 SCHEDULE 5.21(h) 

Material Contracts 

SolarCity Corporation 
  

	(1)	Office Lease Agreement, between Locon San Mateo, LLC and SolarCity Corporation, dated as of July 30, 2010 


 

	(2)	First Amendment to Lease, between Locon San Mateo, LLC and SolarCity Corporation, dated as of November 15, 2010 


 

	(3)	Second Amendment to Lease, between Locon San Mateo, LLC and SolarCity Corporation, dated as of March 31, 2011 


 

	(4)	Term Loan Agreement between SolarCity Corporation and U.S. Bank National Association, dated as of January 24, 2011 


 

	(5)	First Amendment to Term Loan Agreement between SolarCity Corporation and U.S. Bank National Association, dated as of May 1, 2011 


 

	(6)	Second Amendment to Term Loan Agreement between SolarCity Corporation and U.S. Bank National Association, dated as of October 19, 2011 


 

	(7)	Third Amendment to Term Loan Agreement between SolarCity Corporation and U.S. Bank National Association, dated as of March 6, 2012 


 

	(8)	Fourth Amendment and Waiver to Term Loan Agreement between SolarCity Corporation and U.S. Bank National Association, dated as of June 28, 2012


  

	(9)	Amendment to Term Loan Agreement and Revolving Credit Agreement, dated as of August 15, 2012, between SolarCity Corporation and U.S. Bank National Association


  

	(10)	Fifth Amendment to Term Loan Agreement, dated as of October 12, 2012, between SolarCity Corporation and U.S. Bank National Association 


 

	(11)	Amendment to Term Loan Agreement, dated as of May 9, 2013, between SolarCity Corporation and U.S. Bank National Association 


 

	(12)	Sixth Amendment to Term Loan Agreement, dated as of June 18, 2013, between SolarCity Corporation and U.S. Bank National Association 


 

	(13)	All Backlever Financing documents, all System Refinancing documents and all Tax Equity Documents (as such terms are defined in the Credit Agreement) delivered to
Administrative Agent’s counsel as of the Closing Date and all other Backlever Financing documents, System Refinancing documents and Tax Equity Documents inspected by Administrative Agent’s counsel pursuant to Section 6.10(b) of the
Credit Agreement. 


  
 1 


 [***] Confidential treatment has been requested for the bracketed portions. The confidential redacted
portion has been omitted and filed separately with the Securities and Exchange Commission. 








 Poppy Acquisition LLC 
 None 
 Zoom Acquisition LLC 

 

	(1)	Agreement and Plan of Merger by and among SolarCity Corporation, Zoom Acquisition Corporation, Zoom Acquisition LLC, Zep Solar, Inc., Shareholder Representative
Services LLC and U.S. Bank National Association, as Escrow Agent, dated as of October 8, 2013 


  
 2 


 [***] Confidential treatment has been requested for the bracketed portions. The confidential redacted
portion has been omitted and filed separately with the Securities and Exchange Commission. 








 SCHEDULE 7.01 

Existing Liens 

SolarCity Corporation 
  

	 	1.	Restricted Cash Account, American Express (Account Number 10118347); and 

  

	 	2.	The following liens filed with the Secretary of States of the States set forth below: 


 

									
	 	  	 Jurisdiction
	  	 UCC File No.

and Date
	  	 Secured Party
	  	 Collateral

	1.	  	Delaware Secretary of State	  	 2008-3330089

10/01/08
	  	IBM Credit LLC	  	Lease Filing (specific equipment).
					
	2.	  	Delaware Secretary of State	  	 2008 3763305

11/10/08
	  	Wells Fargo Bank, N.A.	  	Specific equipment
					
	3.	  	Delaware Secretary of State	  	 90892031

3/19/09
	  	Duvera Billing Services, LLC	  	All Performance Based Incentive Rebates in connection with the Otay Mesa Border Station 247 pursuant to the Purchase Agreement dated 5/31/08)
					
	4.	  	Delaware Secretary of State	  	 20100180624

01/11/10
	  	MB Financial Bank, N.A.	  	Lease Filing (specific equipment).
					
	5.	  	Delaware Secretary of State	  	 2010-0302145

01/28/10
	  	Wells Fargo Bank, N.A.	  	Specific equipment
					
	6.	  	Delaware Secretary of State	  	 2010-0302152

01/28/10
	  	Wells Fargo Bank, N.A.	  	Specific equipment
					
	7.	  	Delaware Secretary of State	  	 2010-1125677

04/01/10
	  	IBM Credit LLC	  	Lease Filing (specific equipment).
					
	8.	  	Delaware Secretary of State	  	 2010-2039547

06/11/10
	  	Wells Fargo Bank, N.A.	  	Specific equipment
					
	9.	  	Delaware Secretary of State	  	 2010-2047672

06/11/10
	  	Wells Fargo Bank, N.A.	  	Specific equipment
					
	10.	  	Delaware Secretary of State	  	 2010-2159626

06/21/10
	  	National Bank of Arizona	  	Specific equipment (Inverter and module).
					
	11.	  	Delaware Secretary of State	  	 2011-0285174

01/25/11
	  	U.S. Bank National Association	  	All vehicles financed by Secured Party.
					
	12.	  	Delaware Secretary of State	  	 2011-0816531

03/04/11
	  	Wells Fargo Bank, N.A.	  	Specific equipment
					
	13.	  	Delaware Secretary of State	  	 2011-2165754

06/07/11
	  	Toyota Motor Credit Corporation	  	Specific equipment
					
	14.	  	Delaware Secretary of State	  	 2011-2446816

06/27/11
	  	NMHG Financial Services, Inc.	  	All leased equipment.
					
	15.	  	Delaware Secretary of State	  	 2011-3270702

08/23/11
	  	CIT Technology Financing Services, Inc.	  	Lease Filing (specific equipment).
					
	16.	  	Delaware Secretary of State	  	 2011-3553388

09/16/11
	  	CIT Finance LLC	  	Lease Filing (specific equipment)
					
	17.	  	Delaware Secretary of State	  	 2011-3935734

10/13/11
	  	CIT Finance LLC	  	Lease Filing (specific equipment)
					
	18.	  	Delaware Secretary of State	  	 2011-4198639

10/31/11
	  	CIT Finance LLC	  	Lease Filing (specific equipment)
					
	19.	  	Delaware Secretary of State	  	 2011-4202845

10/31/11
	  	CIT Finance LLC	  	Lease Filing (specific equipment).


  
 1 


 [***] Confidential treatment has been requested for the bracketed portions. The confidential redacted
portion has been omitted and filed separately with the Securities and Exchange Commission. 









									
	 	  	 Jurisdiction
	  	 UCC File No.

and Date
	  	 Secured Party
	  	 Collateral

	20.	  	Delaware Secretary of State	  	 2012-0795379

02/29/12
	  	U.S. Bank Equipment Finance	  	Specific equipment
					
	21.	  	Delaware Secretary of State	  	 2012-0902686

03/08/12
	  	Bank of America, N.A., as Agent	  	Inverters and Modules (“Procurement Inventory”), Procurement Contracts and Proceeds
					
	22.	  	Delaware Secretary of State	  	 2012-0994279

03/14/12
	  	Dell Financial Services L.L.C.	  	Lease Filing (specific equipment)
					
	23.	  	Delaware Secretary of State	  	 2012-1038399

03/19/12
	  	Wells Fargo Bank, N.A.	  	Specific equipment
					
	24.	  	Delaware Secretary of State	  	 2012-1421157

04/12/12
	  	Dell Financial Services L.L.C.	  	Lease Filing (specific equipment)
					
	25.	  	Delaware Secretary of State	  	 2012-1928169

05/02/12
	  	Toyota Motor Credit Corporation	  	Specific equipment
					
	26.	  	Delaware Secretary of State	  	 2012-1936626

05/02/12
	  	Toyota Motor Credit Corporation	  	Lease Filing (specific equipment)
					
		  		  		  		  	
					
	27.	  	Delaware Secretary of State	  	 20123466978

09/07/12
	  	Dell Financial Services L.L.C.	  	Lease Filing (specific equipment)
					
	28.	  	Delaware Secretary of State	  	 20123466986

09/07/12
	  	Dell Financial Services L.L.C.	  	Lease Filing (specific equipment)
					
	29.	  	Delaware Secretary of State	  	 20123471010

09/07/12
	  	Bank of America, N.A., as Agent	  	Blanket, excluding, any owned or leased real property which is located outside of the United States, (b) any Intellectual Property, (c) the Equity Interests of or in an Excluded
Subsidiary, and (d) the Equity Interests of any Foreign Subsidiary of Debtor to the extent not required to be pledged to secure the Secured Obligations pursuant to the Collateral Documents
					
	30.	  	Delaware Secretary of State	  	20123687813 09/25/12	  	Wells Fargo Bank, N.A.	  	Specific equipment
					
	31.	  	Delaware Secretary of State	  	 20123943281

10/12/12
	  	Dell Financial Services L.L.C.	  	Lease Filing (specific equipment)
					
	32.	  	Delaware Secretary of State	  	 20124167088

10/29/12
	  	Dell Financial Services L.L.C.	  	Lease Filing (specific equipment)
					
	33.	  	Delaware Secretary of State	  	 20124395325

11/02/12
	  	Toyota Motor Credit Corporation	  	1 forklift
					
	34.	  	Delaware Secretary of State	  	 20124460616

11/07/12
	  	Toyota Motor Credit Corporation	  	1 forklift
					
	35.	  	Delaware Secretary of State	  	 20124605707

11/29/12
	  	Dell Financial Services L.L.C.	  	Lease Filing (specific equipment)
					
	36.	  	Delaware Secretary of State	  	 20124688224

12/05/12
	  	General Electric Capital Corporation	  	All equipment leased or financed for the Debtor by Secured Party
					
	37.	  	Delaware Secretary of State	  	 20124863710

12/13/12
	  	Wells Fargo Bank	  	1 forklift


  
 2 


 [***] Confidential treatment has been requested for the bracketed portions. The confidential redacted
portion has been omitted and filed separately with the Securities and Exchange Commission. 









									
	 	  	 Jurisdiction
	  	 UCC File No.

and Date
	  	 Secured Party
	  	 Collateral

	38.	  	Delaware Secretary of State	  	 20124953081

12/19/12
	  	Wells Fargo Bank	  	1 forklift
					
	39.	  	Delaware Secretary of State	  	 20130166828

01/11/13
	  	Dell Financial Services L.L.C.	  	Lease Filing (specific equipment)
					
	40.	  	Delaware Secretary of State	  	 20130367301

01/29/13
	  	SMA America, LLC	  	PMSI in the products, including all solar panels until all charges are paid in full
					
	41.	  	Delaware Secretary of State	  	 20130942442

03/12/13
	  	Dell Financial Services L.L.C.	  	Lease Filing (specific equipment)
					
	42.	  	Delaware Secretary of State	  	 20131655506

05/01/13
	  	Kawa Solar 7, LLC	  	All general intangibles, contract rights, documents, instruments, inventory related to 3,000 SRECS per Compliance Year (amounting to a total of 24,000 SRECs) generated from Debtor
installed projects in Massachusetts
					
	43.	  	Delaware Secretary of State	  	 20131668939

05/01/13
	  	Forum Financial Services, Inc.	  	Lease Filing (specific equipment)
					
	44.	  	Delaware Secretary of State	  	 20131854141

05/15/13
	  	Hewlett-Packard Financial Services company	  	All equipment leased or financed for the Debtor by Secured Party
					
	45.	  	Delaware Secretary of State	  	 20132124981

06/04/13
	  	Canadian Solar (USA) Inc.	  	All goods including solar modules purchased by Debtor from Secured Party
					
	46.	  	California Secretary of State	  	 07-7118378052

06/21/07
	  	De Lage Landen Financial Services, Inc.	  	Specific equipment
					
	47.	  	California Secretary of State	  	 07-7122101374

07/20/07
	  	De Lage Landen Financial Services, Inc.	  	Specific equipment
					
	48.	  	California Secretary of State	  	 07-7122137272

07/20/07
	  	De Lage Landen Financial Services, Inc.	  	Specific equipment
					
	49.	  	California Secretary of State	  	 08-7147214256

02/14/08
	  	De Lage Landen Financial Services, Inc	  	Specific equipment
					
	50.	  	California Secretary of State	  	 09-7189791112

03/06/09
	  	Landlord 2008-A, LLC	  	Specific equipment leases.
					
	51.	  	California Secretary of State	  	 09-7199010208

06/10/09
	  	USB SolarCity Owner 2009, LLC	  	Specific equipment leases.
					
	52.	  	California Secretary of State	  	 10-7220393582

01/20/10
	  	USB SolarCity Owner 2009-2010, LLC	  	Specific equipment leases.
					
	53.	  	California Secretary of State	  	 10-7220398416

01/20/10
	  	USB SolarCity Owner III, LLC	  	Specific equipment leases.
					
	54.	  	California Secretary of State	  	 10-7226137746

03/22/10
	  	Canon Financial Services	  	Specific leased and financed equipment.

 Poppy Acquisition LLC 
 None 
 Zoom Acquisition LLC 
 None 

  
 3 


 [***] Confidential treatment has been requested for the bracketed portions. The confidential redacted
portion has been omitted and filed separately with the Securities and Exchange Commission. 








 SCHEDULE 7.02 

Existing Indebtedness 

SolarCity Corporation 
  

	(1)	Unconditional Guaranty, dated as of August 23, 2011, by SolarCity Corporation in favor of PPL Electric Utilities Corporation (unsecured guaranty of the performance
of Sol Systems, LLC, up to $58,860), as such agreement is in effect on the Closing Date, except to the extent an amendment, modification or waiver could not reasonably be expected to adversely affect the Agent or the Secured Parties.


  

	(2)	Ever CT Solar Farm, LLC Purchase and Sale Agreement, dated August 14, 2013, by and among SolarCity Corporation, US Topco Energy, Inc. and JC Core Corp. (unsecured
payment of $1,200,000, due upon receipt of permission to operate from Southern California Edison Company and the satisfaction of applicable conditions precedent), as such agreement is in effect on the Closing Date, except to the extent an amendment,
modification or waiver could not reasonably be expected to adversely affect the Agent or the Secured Parties. 

  

	(3)	Ever CT Solar Farm, LLC Purchase and Sale Agreement, dated August 14, 2013, by and among SolarCity Corporation, US Topco Energy, Inc. and JC Core Corp. (unsecured
payment of $669,925, due upon the satisfaction of applicable conditions precedent), as such agreement is in effect on the Closing Date, except to the extent an amendment, modification or waiver could not reasonably be expected to adversely affect
the Agent or the Secured Parties. 

  

	(4)	Ever CT Solar Farm, LLC Purchase and Sale Agreement, dated August 14, 2013, by and among SolarCity Corporation, US Topco Energy, Inc. and JC Core Corp. (unsecured
payment of $690,180, due upon receipt of permission to operate from Southern California Edison Company and the satisfaction of applicable conditions precedent), as such agreement is in effect on the Closing Date, except to the extent an amendment,
modification or waiver could not reasonably be expected to adversely affect the Agent or the Secured Parties. 

 Poppy
Acquisition LLC 
 None 

Zoom Acquisition LLC 
 None


  
 1 


 [***] Confidential treatment has been requested for the bracketed portions. The confidential redacted
portion has been omitted and filed separately with the Securities and Exchange Commission. 








 SCHEDULE 7.03 

Existing Investments 

SolarCity Corporation 
  

	(1)	Series A Preferred Stock in Clean Currents, Inc., a Delaware corporation. 

 Poppy Acquisition LLC 
 None 

Zoom Acquisition LLC 
 None


  
 1 


 [***] Confidential treatment has been requested for the bracketed portions. The confidential redacted
portion has been omitted and filed separately with the Securities and Exchange Commission.