# EDGAR Filing Document

**Accession Number:** 0000748790
**File Stem:** 0001213900-25-074670
**Filing Date:** 2025-8
**Character Count:** 1789144
**Document Hash:** 5d60db1c698df89b7c7310f675eb1754
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001213900-25-074670.hdr.sgml**: 20250812

**ACCESSION NUMBER**: 0001213900-25-074670

**CONFORMED SUBMISSION TYPE**: 8-K

**PUBLIC DOCUMENT COUNT**: 23

**CONFORMED PERIOD OF REPORT**: 20250811

**ITEM INFORMATION**: Entry into a Material Definitive Agreement

**ITEM INFORMATION**: Bankruptcy or Receivership

**ITEM INFORMATION**: Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of a Registrant

**ITEM INFORMATION**: Unregistered Sales of Equity Securities

**ITEM INFORMATION**: Material Modifications to Rights of Security Holders

**ITEM INFORMATION**: Changes in Control of Registrant

**ITEM INFORMATION**: Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers: Compensatory Arrangements of Certain Officers

**ITEM INFORMATION**: Amendments to Articles of Incorporation or Bylaws; Change in Fiscal Year

**ITEM INFORMATION**: Regulation FD Disclosure

**ITEM INFORMATION**: Other Events

**ITEM INFORMATION**: Financial Statements and Exhibits

**FILED AS OF DATE**: 20250812

**DATE AS OF CHANGE**: 20250812

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Global Clean Energy Holdings, Inc.
- **CENTRAL INDEX KEY:** 0000748790
- **STANDARD INDUSTRIAL CLASSIFICATION:** INDUSTRIAL ORGANIC CHEMICALS [2860]
- **ORGANIZATION NAME:** 08 Industrial Applications and Services
- **EIN:** 870407858
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** 8-K
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 000-12627
- **FILM NUMBER:** 251204593

**BUSINESS ADDRESS:**
- **STREET 1:** 2790 SKYPARK DRIVE, SUITE 105
- **CITY:** TORRANCE
- **STATE:** CA
- **ZIP:** 90505
- **BUSINESS PHONE:** (310) 641-4234

**MAIL ADDRESS:**
- **STREET 1:** 2790 SKYPARK DRIVE, SUITE 105
- **CITY:** TORRANCE
- **STATE:** CA
- **ZIP:** 90505

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** MEDICAL DISCOVERIES INC
- **DATE OF NAME CHANGE:** 19940303

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** WPI PHARMACEUTICAL INC
- **DATE OF NAME CHANGE:** 19930126

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** WESTPORT PHARMACEUTICAL INC
- **DATE OF NAME CHANGE:** 19850111

?xml version='1.0' encoding='ASCII'?

**UNITED STATES SECURITIES AND EXCHANGE COMMISSION** Washington, D.C. 20549

**FORM 8-K**

**CURRENT REPORT Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934**

Date of Report (Date of earliest event reported): August 11, 2025

**GLOBAL CLEAN ENERGY HOLDINGS, INC.** (Exact name of registrant as specified in its charter)

<u> Delaware</u> <u> 000-12627</u> <u> 87-0407858</u> <br> (State or other jurisdiction of incorporation) (Commission File Number) (I.R.S. Employer Identification No.)

**6451 Rosedale Hwy, Bakersfield, California 93308**

(Address of principal executive offices, including zip code)

**(661) 742-4600** (Registrant's telephone number, including area code)

Check the appropriate box below if the Form 8-K is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

☐ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

☐ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

☐ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

☐ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

**Securities registered pursuant to Section 12(b) of the Act:**

---

| | | |
|:---|:---|:---|
| **Title of each class registered** | **Trading Symbol(s)** | **Name of each exchange on which registered** |
| None | N/A | N/A |

---

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

Emerging growth company ☐

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

**Item 1.01 Entry into a Material Definitive Agreement.**

The information disclosed under Item 1.03 of this Current Report on Form 8-K is incorporated by reference into this Item 1.01 to the extent required.

**Item 1.03 Bankruptcy or Receivership.**

As previously disclosed, on April 16, 2025, Global Clean Energy Holdings, Inc. ("GCEH," and together with certain of its direct and indirect subsidiaries, the "Company") entered into that certain Restructuring Support Agreement, dated as of April 16, 2025 (the "Restructuring Support Agreement"), which contemplated certain transactions to be implemented through a pre-arranged chapter 11 process (the "Chapter 11 Cases") in the United States Bankruptcy Court for the Southern District of Texas (the "Bankruptcy Court"). Concurrently with entry into the Restructuring Support Agreement, GCEH and its domestic direct and indirect subsidiaries (collectively, the "Debtors") filed petitions for relief under chapter 11 of title 11 of the United States Code (the "Bankruptcy Code") with the Bankruptcy Court to commence the Chapter 11 Cases and also filed a pre-arranged chapter 11 plan of reorganization as contemplated by the Restructuring Support Agreement. The Chapter 11 Cases are jointly administered under the caption *In re Global Clean Energy Holdings, Inc., et al.*, Case No. 25-90113 (ARP)*.* The Debtors have continued to operate their business as "debtors in possession" under the jurisdiction of the Bankruptcy Court and in accordance with the applicable provisions of the Bankruptcy Code and the orders of the Bankruptcy Court.

 ****

***Confirmation of the Plan of Reorganization***

As contemplated in the Restructuring Support Agreement, on April 16, 2025, the Debtors filed the *Joint Chapter 11 Plan of Reorganization of Global Clean Energy Holdings, Inc. and its Debtor Affiliates* [Docket No. 23]. On May 29, 2025, the Debtors filed the *Amended Joint Chapter 11 Plan of Reorganization of Global Clean Energy Holdings, Inc. and its Debtor Affiliates* [Docket No. 214]. On July 3, 2025, the Debtors filed the *Second Amended Joint Chapter 11 Plan of Reorganization of Global Clean Energy Holdings, Inc. and its Debtor Affiliates* [Docket No. 301] (as amended, supplemented, or otherwise modified from time to time in accordance with the terms thereof, the "Plan"), a copy of which is attached as Exhibit 2.1 to this Current Report on Form 8-K and is incorporated herein by reference. Capitalized terms used but not defined in this Current Report on Form 8-K have the meanings ascribed to such terms in the Plan.

On July 28, 2025, the Bankruptcy Court entered an order [Docket No. 348] (the "Confirmation Order") confirming the Plan.

On August 11, 2025 (the "Effective Date"), each condition precedent to consummation of the Plan, enumerated in Article IX.A of the Plan, was satisfied or waived in accordance with the Plan and the Confirmation Order; therefore, the Effective Date of the Plan occurred, and the Debtors emerged from the Chapter 11 Cases. On August 11, 2025, the Debtors filed the notice of the occurrence of the Effective Date [Docket No. 395] (the "Effective Date Notice") with the Bankruptcy Court. Accordingly, the Plan is binding, enforceable and in full force and effect pursuant to its terms. As part of the transactions undertaken pursuant to the Plan, (i) all of the shares of common stock, par value $0.01 per share, of GCEH (the "Existing Equity Interests"), together with any shares of restricted stock, restricted stock units or any other right to receive equity in the Debtors, in each case, outstanding immediately prior to the Effective Date, were cancelled, discharged and of no further force and effect and (ii) GCEH converted into a limited liability company, Grapevine Energy Holdings, LLC ("Reorganized GCEH" and together with the other post-emergence Debtors, the "Reorganized Debtors").

 ****

***Summary of Material Terms of the Plan***

The following is a summary of the material terms of the Plan. This summary highlights only certain material substantive provisions of the Plan and is not intended to be a complete description of the Plan. This summary is qualified in its entirety by reference to the full text of the Plan, the definitive documents implementing the Plan and the Confirmation Order.

The Plan contemplates that the Company will continue its day-to-day operations substantially as currently conducted and that all of its commercial and operational contracts will remain in effect in accordance with their terms preserving the rights of all parties.

On the Effective Date, Reorganized GCEH issued equity interests consisting of (i) preferred units ("New Preferred Equity") to certain holders of, or investment advisors, sub-advisors, or managers of discretionary accounts that hold claims under that certain Credit Agreement, dated as of May 4, 2020 ("Term Loan Claims") and CTCI Americas, Inc. ("CTCI") as follows: (a) 4/9ths (44.4%) to Holders of Allowed Term Loan Claims; and (b) 5/9ths (55.6%) to CTCI; and (ii) 100% of common units (the "New Common Equity," and together with the New Preferred Equity, the "New Equity") to Holders of Allowed Term Loan Claims. The New Equity issued pursuant to the Plan has been issued pursuant to one of the following exemptions from the registration requirements of the Securities Act of 1933, as amended (the "Securities Act"): (i) section 1145 of the Bankruptcy Code, which generally exempts from such registration requirements the issuance of certain securities under a plan of reorganization; (ii) section 4(a) of the Securities Act and/or Regulation D promulgated thereunder; (iii) regulation S under the Securities Act; and/or (iv) any other available exemption from registration. On the Effective Date, all classes of preferred and common securities issued by GCEH will be cancelled and thereafter deregistered, at which time GCEH will cease to be a publicly traded company.

There is no specific number of New Common Equity reserved for future issuance in respect of Claims and Interests Filed and Allowed under the Plan. The New Common Equity is not expected to be listed on any national securities exchange or registered with the Securities and Exchange Commission (the "SEC").

Unless otherwise specified, the treatment set forth in the Plan and the Confirmation Order will be in full satisfaction of all Claims against, and Interests in, the Debtors, which will be discharged on the Effective Date.

Additional information regarding the classification and treatment of Claims and Interests can be found in Article II of the Plan (*Administrative Claims, Priority Claims, and Restructuring Expenses*) and Article III of the Plan (*Classification and Treatment of Claims and Interests*).

The foregoing summaries of the Plan, the Confirmation Order and the Effective Date Notice do not purport to be complete and are qualified in their entirety by reference to the full text of the Plan, the Confirmation Order and the Effective Date Notice, respectively, copies of which are filed as Exhibits 2.1, 99.1 and 99.2, respectively, to this Current Report on Form 8-K and are incorporated by reference in this Item 1.03.

 ****

***New Debt Facilities***

On the Effective Date, the Reorganized Debtors entered into the following debt facilities:

● That certain Credit Agreement, dated as of August 11, 2025, by and among Grapevine Energy Holdings, LLC, as Holdco Borrower, the Holdco Term Lenders from time to time party thereto, and Orion Energy Partners TP Agent, LLC, as Holdco Term Loan Administrative Agent (the "Holdco Term Loan Credit Agreement"), filed at Exhibit 4.1 hereto. Pursuant to the Holdco Term Loan Credit Agreement, the Reorganized Debtors obtained the Holdco Term Facility and the Subordinated Junior Term Loan Facility (each as defined and described in the Holdco Term Loan Credit Agreement).

● That certain Credit Agreement, dated as of August 11, 2025, by and among Central Valley Renewable Fuels, LLC, as Borrower, the Guarantors party thereto, the Lenders party thereto, and Vitol Americas Corp., as Administrative Agent and Collateral Agent (the "Vitol RCF Credit Agreement"), filed at Exhibit 4.2 hereto.

● That certain New Super Senior Exit Term Credit Agreement, dated as of August 11, 2025, by and between Grapevine Energy Holdings, LLC, as Holdco Borrower, the New Super Senior Exit Term Lenders from time to time party thereto, and Orion Energy Partners TP Agent, LLC, as Holdco Term Loan Administrative Agent (the "New Super Senior Exit Term Credit Agreement"), filed at Exhibit 4.3 hereto.

On the Effective Date, the Reorganized Debtors also entered into that certain Common Terms and Term Intercreditor Agreement, dated as of August 11, 2025, by and among Grapevine Energy Holdings, LLC, as Holdco Borrower, Orion Energy Partners TP Agent, LLC, as Holdco Term Loan Administrative Agent on behalf of itself and the Holdco Term Lenders and as Holdco Term Collateral Agent, and CTCI Americas, Inc. (the "CTTIA"), which is filed at Exhibit 4.4 hereto and sets forth certain terms governing the relationship between the Holdco Term Loan Credit Agreement, the New Super Senior Exit Term Credit Agreement, the O&M Agreement (as defined below), and certain other Holdco Term Financing Documents (as defined in the CTTIA). Pursuant to the CTTIA, the Reorganized Debtors also incurred, on the Effective Date, the Subordinated Senior Secured EPC Claim, the Subordinated Secured EPC Claim, and the Subordinated Junior EPC Claim (each as defined and described in the CTTIA).

On the Effective Date, Central Valley Renewable Fuels, LLC, as Owner, also entered into that certain Procurement, Operation & Maintenance Support Services Agreement with CTCI Americas, Inc., as Contractor, and Grapevine Energy Holdings, LLC, as Guarantor (the "O&M Agreement"), filed at Exhibit 4.5 hereto.

The foregoing descriptions of each of the Holdco Term Loan Credit Agreement, the Vitol RCF Credit Agreement, the New Super Senior Exit Term Credit Agreement, the CTTIA, and the O&M Agreement do not purport to be complete and are qualified in their entirety by reference to their full text, as applicable, copies of which are filed as Exhibits 4.1 through 4.5, respectively, to this Current Report on Form 8-K and are incorporated by reference in this Item 1.03.

 

***Settlement, Releases, and Exculpation***

The Plan incorporates an integrated compromise and settlement of Claims with the parties to the Restructuring Support Agreement and the Official Committee of Unsecured Creditors (the "Committee") to achieve a fair, equitable, and reasonable resolution of the Chapter 11 Cases. Unless otherwise specified, the settlement, distributions and other benefits provided under the Plan, including the releases and exculpation provisions included therein, are in full satisfaction of all Claims and Causes of Action that could be asserted as set forth in Article VIII of the Plan.

The Plan provides releases from various Claims and Causes of Action for the benefit of the Company, the parties to the Restructuring Support Agreement, the Committee and its members, all Holders of Claims or Interests, and various parties related thereto; *provided* that any such party has not elected to opt out of the Third-Party Release. The Plan also exculpates the Debtors, the independent directors or managers of the Debtors for conduct within the scope of their duties, and the Committee and each member thereof from any claim arising between the date the Debtors commenced the Chapter 11 Cases and the Effective Date (each as further set forth in Article VIII of the Plan (*Settlement, Release, Injunction and Related Provisions*).

 ****

***Post-Emergence Governance and Management***

On the Effective Date, except as contemplated by the Plan, the documents to be executed in connection with the Plan, or the Plan Supplement, including the Restructuring Steps Transaction Memorandum, each of the Debtors will continue to exist after the Effective Date as a separate corporate entity pursuant to the applicable law in the jurisdiction in which such entity is incorporated or formed and pursuant to the governance documents in effect prior to the Effective Date, except to the extent such new corporate governance documents are amended under the Plan or otherwise. As noted above, on the Effective Date, GCEH converted into a limited liability company, Grapevine Energy Holdings, LLC, and in connection therewith, adopted a new Limited Liability Company Agreement in accordance with the Plan, a copy of which is filed as Exhibit 3.1 hereto and incorporated by reference herein.

On the Effective Date, pursuant to the Plan, the terms of the current members of the existing board of GCEH expired. As set forth in the Plan Supplement, on the Effective Date, the members of the board of Reorganized GCEH shall consist of Gerrit Nicholas, Ethan Shoemaker, Matthew Kondratowicz, Igor Radomyshelsky, Todd Chen, Michael Yang, and Brian Coffman.

 ****

***Share Information***

As of August 11, 2025, GCEH had 50,219,640 shares of common stock, par value $0.01 per share, issued and outstanding. As disclosed above, on or around the Effective Date, such Existing Equity Interests were cancelled.

 ****

***Assets and Liabilities***

Information regarding the assets and liabilities of the Company as of the most recent practicable date is hereby incorporated by reference to Global Clean Energy Holding Inc.'s Quarterly Report on Form 10-Q for the period ended September 30, 2024 (the "Form 10-Q"), filed with the SEC on November 14, 2024. This information should not be viewed as indicative of future results. A copy of the Form 10-Q is filed as Exhibit 13.1 hereto and incorporated by reference herein.

**Item 2.03 Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of a Registrant.**

The information disclosed under Item 1.03 of this Current Report on Form 8-K is incorporated by reference into this Item 2.03 to the extent required.

**Item 3.02 Unregistered Sales of Equity Securities.**

The information disclosed under Item 1.03 of this Current Report on Form 8-K is incorporated by reference into this Item 3.02 to the extent required.

 **Item 3.03 Material Modification to Rights of Security Holders.**

The information disclosed under Item 1.03 of this Current Report on Form 8-K is incorporated by reference into this Item 3.03 to the extent required.

 **Item 5.01 Changes in Control of Registrant**

On the Effective Date, pursuant to the Plan, the GCEH Existing Interests, together with any shares of restricted stock, restricted stock units, or any other right to receive equity in GCEH, in each case, outstanding immediately prior to the Effective Date, were cancelled, discharged and of no force and effect. As of the Effective Date, GCEH converted into a new limited liability company, Grapevine Energy Holdings, LLC.

**Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensation Arrangements of Certain Officers.**

On the Effective Date, pursuant to the Plan, the terms of the current members of the existing board of GCEH expired. As set forth in the Plan Supplement, on the Effective Date, the members of the board of Reorganized GCEH shall consist of Gerrit Nicholas, Ethan Shoemaker, Matthew Kondratowicz, Igor Radomyshelsky, Todd Chen, Michael Yang, and Brian Coffman.

**Item 5.03 Amendments to Articles of Incorporation or Bylaws; Change in Fiscal Year.**

The information disclosed under Item 1.03 of this Current Report on Form 8-K is incorporated by reference into this Item 5.03 to the extent required.

**Item 7.01 Regulation FD Disclosure.**

 

*Press Releases*

On July 28, 2025, GCEH issued a press release announcing the Bankruptcy Court's confirmation of the Plan. A copy of the press release is being furnished hereto as Exhibit 99.3 and is incorporated by reference herein.

On August 12, 2025, GCEH issued a press release announcing the emergence from the Chapter 11 Cases. A copy of the press release is being furnished hereto as Exhibit 99.4 and is incorporated by reference herein.

The information furnished in this Item 7.01, including Exhibits 99.3 and 99.4, is being furnished and shall not be deemed "filed" for purposes of Section 18 of the Exchange Act or incorporated by reference in any filing under the Securities Act or the Exchange Act, except as shall be expressly set forth by specific reference in such a filing.

**Item 8.01 Other Events.**

GCEH intends to file post-effective amendments to each of its Registration Statements and a Form 15 with the SEC deregistering GCEH's common stock pursuant to Rule 12g-4(a)(1) and Rule 12h-3b(1)(i) under the Exchange Act. Upon filing the Form 15, GCEH's obligations to file certain reports and forms with the SEC, including Forms 10-K, 10-Q and 8-K, will be immediately suspended. GCEH intends to immediately cease filing any further periodic or current reports under the Exchange Act following the filing of the Form 15.

**Cautionary Statement Regarding Forward Looking Statements**

Certain of the matters discussed in this Current Report on Form 8-K which are not statements of historical fact constitute forward-looking statements within the meaning of the securities laws, including the Private Securities Litigation Reform Act of 1995, that involve a number of risks and uncertainties. Words such as "strategy," "expects," "continues," "plans," "anticipates," "believes," "would," "will," "estimates," "intends," "projects," "goals," "targets" and other words of similar meaning are intended to identify forward-looking statements but are not the exclusive means of identifying these statements. Any statements made in this Current Report on Form 8-K other than those of historical fact, about an action, event or development, are forward-looking statements. The important factors that may cause actual results and outcomes to differ materially from those contained in such forward-looking statements relating to the Chapter 11 Cases and emergence therefrom and the filing of the Form 15.

Other important factors that may cause actual results and outcomes to differ materially from those contained in the forward-looking statements included in this Current Report on Form 8-K are described in the Company's publicly filed reports, including, but not limited to, the Company's Annual Report on Form 10-K for the year ended December 31, 2023, and the Company's Quarterly Reports on Form 10-Q. These reports are available at www.sec.gov. The Company cautions that the foregoing list of important factors is not complete. All subsequent written and oral forward-looking statements attributable to the Company or any person acting on behalf of the Company are expressly qualified in their entirety by the cautionary statements referenced above. Other unknown or unpredictable factors also could have material adverse effects on GCEH's future results. The forward-looking statements included in this press release are made only as of the date hereof. GCEH cannot guarantee future results, levels of activity, performance or achievements. Accordingly, you should not place undue reliance on these forward-looking statements. Finally, GCEH undertakes no obligation to update these statements after the date of this Current Report on Form 8-K, except as required by law, and takes no obligation to update or correct information prepared by third parties that are not paid for by GCEH. If we update one or more forward-looking statements, no inference should be drawn that we will make additional updates with respect to those or other forward-looking statements.

 **Item 9.01. Financial Statements and Exhibits.**

(d) Exhibits

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| | |
|:---|:---|
| **Exhibit No.** | **Description** |
| 2.1 | [Second Amended Joint Chapter 11 Plan of Reorganization of Global Clean Energy Holdings, Inc. and its Debtor Affiliates. (included as part of Exhibit 99.1 hereto)](ea025195001ex99-1_global.htm) |
| 3.1\* | [Limited Liability Company Agreement of Grapevine Energy Holdings, LLC.](ea025195001ex3-1_global.htm) |
| 4.1\* | [Credit Agreement, dated as of August 11, 2025, by and among Grapevine Energy Holdings, LLC, as Holdco Borrower, the Holdco Term Lenders from time to time party thereto, and Orion Energy Partners TP Agent, LLC, as Holdco Term Loan Administrative Agent.](ea025195001ex4-1_global.htm) |
| 4.2†\* | [Credit Agreement, dated as of August 11, 2025, by and among Central Valley Renewable Fuels, LLC, as Borrower, the Guarantors party thereto, the Lenders party thereto, and Vitol Americas Corp., as Administrative Agent and Collateral Agent.](ea025195001ex4-2_global.htm) |
| 4.3\* | [New Super Senior Exit Term Credit Agreement, dated as of August 11, 2025, by and among Grapevine Energy Holdings, LLC, as Holdco Borrower, the New Super Senior Exit Term Lenders from time to time party thereto, and Orion Energy Partners TP Agent, LLC, as Holdco Term Loan Administrative Agent.](ea025195001ex4-3_global.htm) |
| 4.4\* | [Common Terms and Term Intercreditor Agreement, dated as of August 11, 2025, by and among Grapevine Energy Holdings, LLC, as Holdco Borrower, Orion Energy Partners TP Agent, LLC, as Holdco Term Loan Administrative Agent on behalf of itself and the Holdco Term Lenders and as Holdco Term Collateral Agent, and CTCI Americas, Inc.](ea025195001ex4-4_global.htm) |
| 4.5\* | [Procurement, Operation & Maintenance Support Services Agreement, dated as of August 11, 2025, by and among Central Valley Renewable Fuels, LLC, as Owner, CTCI Americas, Inc., as Contractor, and Grapevine Energy Holdings, LLC, as Guarantor.](ea025195001ex4-5_global.htm) |
| 13.1 | [Quarterly Report on Form 10-Q for the quarterly period ended September 30, 2024 (incorporated by reference to Global Clean Energy Holdings, Inc.'s Form 10-Q filed on November 14, 2024).](http://www.sec.gov/ix?doc=/Archives/edgar/data/748790/000162828024047960/gceh-20240930.htm) |
| 99.1\* | [Order Confirming the Second Amended Joint Chapter 11 Plan of Reorganization of Global Clean Energy Holdings, Inc. and its Debtor Affiliates.](ea025195001ex99-1_global.htm) |
| 99.2 | [Notice of Occurrence of the Effective Date of the Second Amended Joint Chapter 11 Plan of Global Clean Energy Holdings, Inc. and its Debtor Affiliates.](ea025195001ex99-2_global.htm) |
| 99.3 | [Press Release, dated as of July 28, 2025, issued by Global Clean Energy Holdings, Inc.](ea025195001ex99-3_global.htm) |
| 99.4 | [Press Release, dated as of August 12, 2025, issued by Global Clean Energy Holdings, Inc.](ea025195001ex99-4_global.htm) |
| 104 | Cover Page Interactive Data File (embedded within the Inline XBRL document) |

---

† Certain portions of this document that constitute confidential information have been redacted in accordance with
Regulation S-K, Item 601(b)(10). The Company hereby agrees to furnish a copy of any omitted portion to the SEC upon request with Regulation
S-K, Item 601(b)(10). The Company hereby agrees to furnish a copy of any omitted portion to the SEC upon request.

\* Certain of the schedules and exhibits to the agreement have been omitted pursuant to Item 601(a)(5) of Regulation S-K. A copy of any omitted schedule or exhibit will be furnished to the SEC upon request.

**SIGNATURES**

Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

---

| | | |
|:---|:---|:---|
| Date: August 12, 2025 | By: | /s/ Wade Adkins |
|  |  | Wade Adkins |
|  |  | Chief Financial Officer |

---

## Exhibit 3.1

**Exhibit 3.1**

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| |
|:---|
| **LIMITED LIABILITY COMPANY AGREEMENT<br> OF<br> GRAPEVINE ENERGY HOLDINGS, LLC**<br>|
| August 11, 2025<br>|
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; <br> THE UNITS REPRESENTED BY THIS LIMITED LIABILITY COMPANY AGREEMENT HAVE NOT BEEN REGISTERED UNDER THE SECURITIES ACT OF 1933, AS AMENDED, OR UNDER ANY OTHER APPLICABLE SECURITIES LAWS. SUCH UNITS MAY NOT BE SOLD, ASSIGNED, PLEDGED OR OTHERWISE DISPOSED OF AT ANY TIME WITHOUT EFFECTIVE REGISTRATION UNDER SUCH ACT AND LAWS OR AN EXEMPTION THEREFROM, AND COMPLIANCE WITH THE OTHER RESTRICTIONS ON TRANSFERABILITY SET FORTH HEREIN. |

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**TABLE OF CONTENTS**

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| | | |
|:---|:---|:---|
|  |  | **<u>Page</u>** |
| Article I DEFINITIONS | Article I DEFINITIONS | 1 |
| Article II ORGANIZATION | Article II ORGANIZATION | 11 |
| Section 2.01 | Formation | 11 |
| Section 2.02 | Name | 11 |
| Section 2.03 | Purpose | 11 |
| Section 2.04 | Registered Agent; Registered Office; Principal Office; Other Offices | 11 |
| Section 2.05 | Term | 12 |
| Article III CAPITAL CONTRIBUTIONS; ISSUANCE OF ADDITIONAL EQUITY | Article III CAPITAL CONTRIBUTIONS; ISSUANCE OF ADDITIONAL EQUITY | 12 |
| Section 3.01 | Capital Contributions of Holders | 12 |
| Section 3.02 | Additional Contributions | 12 |
| Section 3.03 | No Right to Withdraw Capital | 12 |
| Section 3.04 | Issuance of Additional Equity | 12 |
| Section 3.05 | Preemptive Rights | 13 |
| Article IV HOLDER INTERESTS; CERTIFICATES; NEW HOLDERS | Article IV HOLDER INTERESTS; CERTIFICATES; NEW HOLDERS | 14 |
| Section 4.01 | The Company Units | 14 |
| Section 4.02 | Unit Certificates | 15 |
| Section 4.03 | Record Holder of Units | 15 |
| Section 4.04 | Pledge of Membership Interests | 15 |
| Section 4.05 | Representations and Warranties of Holders | 15 |
| Article V DISTRIBUTIONS | Article V DISTRIBUTIONS | 18 |
| Section 5.01 | Quarterly Preferred Unit Distributions. | 18 |
| Section 5.02 | Distributions of Available Cash | 18 |
| Section 5.03 | Certain Limitations on Distributions | 19 |
| Section 5.04 | Amounts Withheld from Distributions | 19 |
| Section 5.05 | Automatic Redemption Upon Payment of Preferred Return | 19 |
| Article VI MANAGEMENT | Article VI MANAGEMENT | 20 |
| Section 6.01 | Management; Board | 20 |
| Section 6.02 | Lack of Authority | 20 |
| Section 6.03 | Number of Directors; Appointment of Directors | 20 |
| Section 6.04 | Committees of the Board | 21 |
| Section 6.05 | Board Observers | 22 |
| Section 6.06 | Board Meetings; Quorum; Board Voting; Action by Written Consent | 23 |
| Section 6.07 | Dismissal of Director; Resignation of Director; Appointment of a Substitute Director | 24 |
| Section 6.08 | Director Compensation | 25 |
| Section 6.09 | Banking | 25 |
| Section 6.10 | Management Incentives | 25 |
| Section 6.11 | Annual Budget | 26 |
| Section 6.12 | CTCI Consent Matters | 26 |
| Section 6.13 | Holder Consent | 29 |
| Section 6.14 | Waiver of Fiduciary Duties | 29 |

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i

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| | | |
|:---|:---|:---|
| Article VII OFFICERS | Article VII OFFICERS | 30 |
| Section 7.01 | Officers | 30 |
| Section 7.02 | Fiduciary Duties of Officers | 30 |
| Section 7.03 | Dismissal of Officers; Resignation of Officers | 30 |
| Section 7.04 | Salaries; Expenses | 30 |
| Article VIII RIGHTS, LIABILITIES, POWERS AND OBLIGATIONS OF HOLDERS | Article VIII RIGHTS, LIABILITIES, POWERS AND OBLIGATIONS OF HOLDERS | 30 |
| Section 8.01 | Assets of the Company; No Compensation | 30 |
| Section 8.02 | Waiver of Certain Rights | 30 |
| Section 8.03 | Powers | 31 |
| Section 8.04 | No Liability of Holders | 31 |
| Section 8.05 | Rights as Lenders | 31 |
| Section 8.06 | Transactions with the Company; Compensation | 31 |
| Section 8.07 | Waiver of Business Opportunities | 31 |
| Article IX BOOKS AND RECORDS; TAX MATTERS; INFORMATION RIGHTS | Article IX BOOKS AND RECORDS; TAX MATTERS; INFORMATION RIGHTS | 32 |
| Section 9.01 | Books and Records | 32 |
| Section 9.02 | Inspection by Holders | 33 |
| Section 9.03 | Fiscal Year of the Company | 33 |
| Section 9.04 | Tax Returns; Tax Reporting Information | 33 |
| Section 9.05 | Entity Classification Election | 33 |
| Section 9.06 | Financial Statements; Information Rights | 33 |
| Section 9.07 | Other Tax Matters | 34 |
| Section 9.08 | Tax Forms | 34 |
| Article X STANDSTILL PERIOD | Article X STANDSTILL PERIOD | 35 |
| Section 10.01 | Restrictions During Standstill Period | 35 |
| Section 10.02 | Post-Standstill Period | 35 |
| Article XI TRANSFER OF UNITS; ADMISSION OF NEW HOLDERS | Article XI TRANSFER OF UNITS; ADMISSION OF NEW HOLDERS | 35 |
| Section 11.01 | Transfers | 35 |
| Section 11.02 | Conditions Precedent to a Unit Transfer | 35 |
| Section 11.03 | Effect of Admission as a Substituted Holder | 36 |
| Section 11.04 | No Dissolution | 36 |
| Section 11.05 | Expenses | 36 |
| Section 11.06 | Distributions in Respect to Transferred Interests | 36 |
| Section 11.07 | Drag-Along Rights | 37 |
| Section 11.08 | Tag-Along Rights | 39 |
| Section 11.09 | No Appraisal Rights | 41 |
| Article XII LIQUIDATION | Article XII LIQUIDATION | 41 |
| Section 12.01 | Liquidation Events | 41 |
| Section 12.02 | Liquidation of Assets | 41 |
| Section 12.03 | Distributions in Liquidation | 42 |

---

ii

---

| | | |
|:---|:---|:---|
| Article XIII INDEMNIFICATION | Article XIII INDEMNIFICATION | 42.0 |
| Section 13.01 | No Liability of Covered Persons | 42.0 |
| Section 13.02 | Exculpation | 43.0 |
| Section 13.03 | Indemnification of Covered Persons | 43.0 |
| Section 13.04 | Expenses | 44.0 |
| Section 13.05 | Primary Obligation | 44.0 |
| Section 13.06 | Procedure for Indemnification | 44.0 |
| Section 13.07 | Contract Right; Non-Exclusivity; Survival | 45.0 |
| Section 13.08 | Insurance | 45.0 |
| Article XIV AMENDMENTS | Article XIV AMENDMENTS | 45.0 |
| Section 14.01 | In General | 45.0 |
| Section 14.02 | Special Rules | 45.0 |
| Article XV GENERAL | Article XV GENERAL | 46.0 |
| Section 15.01 | Construction | 46.0 |
| Section 15.02 | Expenses | 47.0 |
| Section 15.03 | Confidentiality | 47.0 |
| Section 15.04 | Public Announcements | 49.0 |
| Section 15.05 | Binding Effect | 49.0 |
| Section 15.06 | No Third-Party Beneficiaries | 49.0 |
| Section 15.07 | Notices | 49.0 |
| Section 15.08 | Governing Law | 50.0 |
| Section 15.09 | Dispute Resolution | 50.0 |
| Section 15.10 | Severability | 50.0 |
| Section 15.11 | Entire Agreement | 50.0 |
| Section 15.12 | Representation by Counsel | 50.0 |
| Section 15.13 | Waivers; Rights Cumulative | 51.0 |
| Section 15.14 | Further Assurances | 51.0 |
| Section 15.15 | Scope | 51.0 |
| Section 15.16 | Counterparts | 51.0 |
| Schedule A Schedule of Holders; Units; Capital Contributions | Schedule A Schedule of Holders; Units; Capital Contributions | 59.0 |
| Schedule B Initial Directors | Schedule B Initial Directors | 60.0 |
| Schedule C Initial Officers | Schedule C Initial Officers | 61.0 |

---

iii

**LIMITED LIABILITY COMPANY AGREEMENT<br> OF<br> GRAPEVINE ENERGY HOLDINGS, LLC**

THIS LIMITED LIABILITY COMPANY AGREEMENT (as may be amended, modified, supplemented or restated from time to time, this "<u>Agreement</u>") of Grapevine Energy Holdings, LLC, a Delaware limited liability company (the "<u>Company</u>"), is executed and made effective as of August 11, 2025 (the "<u>Effective Date</u>"), by and among the Persons listed on <u>Schedule A</u>, and those Persons who from time to time execute this Agreement and are bound by the provisions hereof.

W I T N E S S E T H:

**WHEREAS**, the Company was originally formed on July 13, 2010, as Global Clean Energy Holdings, Inc., a Delaware corporation, in accordance with the DGCL;

**WHEREAS**, in connection with transactions contemplated under that certain Second Amended Joint Chapter 11 Plan of Reorganization of Global Clean Energy Holdings, Inc. and its Debtor Affiliates, filed under Docket No. 301 before the Bankruptcy Court for the Southern District of Texas, Houston Division, in the jointly administered Chapter 11 case titled In re Global Clean Energy Holdings, Inc., Case No. 25-90113 (ARP), on August 11, 2025, the Company was converted into a Delaware limited liability company and renamed Grapevine Energy Holdings, LLC by the filing of the Conversion Certificate and the Certificate of Formation, in accordance with the Act; and

**WHEREAS**, the parties hereto desire to become associated in a limited liability company under the Laws of the State of Delaware pursuant to the provisions of the Act on the terms set forth in this Agreement.

**NOW, THEREFORE**, in consideration of the mutual covenants and on the terms and conditions contained herein, the parties hereto hereby agree as follows:

**Article I<br>DEFINITIONS**

As used in this Agreement, the following terms shall have the following meanings:

"<u>Act</u>" means the Delaware Limited Liability Company Act (6 Del. C. §18-101, et seq.) and any successor statute, as amended from time to time.

"<u>Affiliate</u>" means any Person who directly, or indirectly through one or more intermediaries, controls, or is controlled by, or is under common control with, the Person specified; <u>provided</u>, that, for purposes of this Agreement, no Holder or any of its respective Affiliates shall be deemed to be an Affiliate of any Company Party. For purposes of this definition, the term "<u>control</u>" means the possession, directly or indirectly, of the power to direct, or to cause the direction of, the management and policies of a Person, whether through the ownership of voting securities, by contract or otherwise.

"<u>Affiliate Contract</u>" means any Contract between or among a Company Party, on the one hand, and any Holder or any member of a Holder Group, on the other hand; <u>provided</u>, that, for the avoidance of doubt, any Contract entered into between or among a Company Party, on the one hand, and any member of a Holder Group, on the other hand, in connection with the issuance of any New Securities in accordance with this Agreement (including, as applicable, subject to the consent right set forth in <u>Section 6.12(a)(iii)</u> and pursuant to <u>Section 3.04</u>) shall not constitute an Affiliate Contract.

"<u>Agreement</u>" has the meaning set forth in the preamble hereto.

"<u>Amended Drag-Along Notice</u>" has the meaning set forth in <u>Section 11.07(c)(i)</u>.

"<u>Annual Budget</u>" has the meaning set forth in <u>Section 6.11(a)</u>.

"<u>Anti-Corruption Laws</u>" means any applicable Law concerning or relating to bribery and corruption, including (a) the U.S. Foreign Corrupt Practices Act of 1977 (as amended), (b) the UK Bribery Act 2010 and (c) applicable laws or regulations enacted to implement the OECD Convention on Combating Bribery of Foreign Public Officials in International Business Transactions.

"<u>Anti-Corruption Prohibited Activity</u>" means engaging in offering, promising, paying, giving, authorizing the paying or giving of, soliciting or accepting money or Anything of Value, directly or indirectly, to or from: (a) any Government Official to (i) influence any act or decision of a Government Official in his or her official capacity, (ii) induce a Government Official to use his or her influence with a government or instrumentality thereof or (iii) otherwise secure any improper advantage or (b) any Person in any manner that would constitute illegal bribery or an illegal kickback, or would otherwise violate the Anti-Corruption Laws.

"<u>Anti-Money Laundering Laws</u>" means any applicable Law relating to financial recordkeeping and reporting requirements, including (a) those of the Bank Secrecy Act of 1970, as amended by the Uniting and Strengthening America by Providing Appropriate Tools Required to Intercept and Obstruct Terrorism (USA PATRIOT Act) Act of 2001, Pub. L. No. 107-56 (2001), (b) the U.S. Money Laundering Control Act of 1986 (as amended), (c) the applicable financial recordkeeping and reporting requirements of the U.S. Currency and Foreign Transaction Reporting Act of 1970 (as amended), (d) the EU Anti-Money Laundering Directives and (e) any laws, decrees, administrative orders, circulars or instructions implementing or interpreting the same.

"<u>Anything of Value</u>" means all items of value, including cash or a cash equivalent (including "grease", "expediting" or facilitation payments), discounts, rebates, gifts, meals, entertainment, hospitality, use of materials, facilities or equipment, transportation, lodging or promises of future employment.

"<u>Assets</u>" means, with respect to any Person, such Person's right, title and interest from time to time in all items of economic value owned or leased by such Person, including real property, equipment and other tangible personal property, and Contracts, data and records, and other intangible personal property.

"<u>Audit Committee</u>" has the meaning set forth in <u>Section 6.04(c)</u>.

"<u>Available Cash</u>" means, as of any date of determination, all cash and cash equivalents of the Company on hand as of such time, less Cash Reserves.

"<u>Bankruptcy</u>" means, with respect to any Person: (a) the filing by such Person of a voluntary petition, or the initiation by such Person of any Proceeding, seeking in any form the liquidation, reorganization, arrangement, readjustment or appointment of a trustee or custodian of such Person's Assets, in each case, under the Bankruptcy Code or any other insolvency Law, or such Person's consent to, acquiescence in or failure to timely object to, any such petition or Proceeding filed or initiated against such Person by another Person, (b) the failure of such Person to pay its debts as such debts become due, (c) the making by such Person of any assignment for the benefit of its creditors or the admission by a Person of its inability to pay its debts as they become due or (d) the expiration of sixty (60) days after (i) the filing of an involuntary petition or Proceeding under the Bankruptcy Code or any other insolvency Law, in each case, seeking the liquidation, reorganization, arrangement, readjustment or appointment of a trustee or custodian of such Person's Assets, or (ii) entry of an order, judgment or decree by any court of competent jurisdiction adjudicating such Person as bankrupt or insolvent or for relief in respect of such Person or appointing a trustee or custodian of such Person's Assets, in each case, unless such petition, Proceeding or order shall have been vacated, set aside or stayed within such sixty (60)-day period. "<u>Bankrupt</u>" shall have its correlative meaning.

"<u>Bankruptcy Code</u>" means Chapter 11 of Title 11 of the United States Code, as amended, or any other applicable United States federal or state Bankruptcy or insolvency statute or similar Law.

"<u>Board</u>" has the meaning set forth in <u>Section 6.01(a)</u>.

"<u>Board Observer</u>" has the meaning set forth in <u>Section 6.05(a)</u>.

"<u>Business Day</u>" means a day other than a Saturday, Sunday or other day on which commercial banks in New York, New York are authorized or required by Law to close.

"<u>Business Purpose</u>" has the meaning set forth in <u>Section 2.03</u>.

"<u>Capital Contribution</u>" means, with respect to any Holder, the amount of cash and the Fair Market Value of any property contributed by such Holder (and such Holder's predecessors-in-interest with respect to the Units held by such Holder) to the Company in accordance with the applicable provisions of this Agreement.

"<u>Cash Reserves</u>" means the amount of any cash reserves determined in good faith by the Board as being the amount necessary to account for the usual and ordinary or otherwise contemplated expenses to be incurred by or on behalf of the Company Parties in connection with the development, operation and maintenance of the Company's Assets in accordance with the Annual Budget (including contract and marketing costs, payments in respect of indebtedness, taxes, interest, non-recurring operating or other expenses, capital and general and administrative expenditures, replacements, acquisitions and investments and contingencies, all as reasonably determined by the Board, and subject to any restrictions set forth in any indebtedness financing or refinancing documents of the Company Parties).

"<u>Certificate of Formation</u>" means the Company's Certificate of Formation, as amended from time to time, filed with the Secretary of State of the State of Delaware.

"<u>Certificate of Incorporation</u>" means that certain Certificate of Incorporation of Global Clean Energy Holdings, Inc., filed with Secretary of State of the State of Delaware on July 13, 2010, and all amendments thereto.

"<u>Code</u>" means the Internal Revenue Code of 1986, as amended, and any successor statute.

"<u>Commission</u>" means the United States Securities and Exchange Commission, or any other federal agency administering the Securities Act and the Exchange Act at the time.

"<u>Common Director</u>" has the meaning set forth in <u>Section 6.03(a)(i)</u>.

"<u>Common Holder</u>" has the meaning set forth in <u>Section 4.01</u>.

"<u>Common Unit</u>" has the meaning set forth in <u>Section 4.01</u>.

"<u>Company</u>" has the meaning set forth in the preamble hereto.

"<u>Company Parties</u>" means the Company and its Subsidiaries.

"<u>Company Sale Transaction</u>" means the sale of all or substantially all of the business of any Company Party (whether by way of purchase agreement, asset sale, tender offer, merger, consolidation, business combination, equity sale or issuance or other similar transaction).

"<u>Confidential Information</u>" has the meaning set forth in <u>Section 15.03</u>.

"<u>Consent Request</u>" has the meaning set forth in <u>Section 6.12(c)</u>.

"<u>Contract</u>" means any written or oral contract or agreement, including an agreement regarding indebtedness, lease, mortgage, license agreement, purchase order, commitment, letter of credit or any other legally binding arrangement, and any amendments thereto.

"<u>Conversion Certificate</u>" means the Company's Certificate of Conversion from a Delaware corporation to a Delaware limited liability company pursuant to Section 18-214 of the Act, filed with the Secretary of State of the State of Delaware.

"<u>Covered Person</u>" means each current and former Holder, Director, Board Observer, Officer and each of their respective Affiliates and each of their respective Representatives, liquidators, partners, stockholders and members, in each case, whether or not such Person continues to have the applicable status referred to above.

"<u>CTCI</u>" means, collectively, CTCI Americas, Inc. or any Affiliate thereof that is a Holder.

"<u>CTCI Consent Matter</u>" means each of the matters requiring consent of CTCI under <u>Section 6.12</u>.

"<u>CTCI Director</u>" has the meaning set forth in <u>Section 6.03(a)(ii)</u>.

"<u>CTTIA</u>" means that certain Common Terms and Term Intercreditor Agreement, dated as of the date hereof, by and among the Company, CTCI and Orion Energy Partners TP Agent, LLC, as administrative agent and collateral agent, as may be amended, amended and restated, supplemented or otherwise modified from time to time.

"<u>DGCL</u>" means the Delaware General Corporation Law.

"<u>Director</u>" has the meaning set forth in <u>Section 6.01(a)</u>.

"<u>Dispute</u>" has the meaning set forth in <u>Section 15.09(a)</u>.

"<u>Distributional Interest</u>" means all of a Holder's interest in distributions by the Company.

"<u>Drag-Along Holder</u>" has the meaning set forth in <u>Section 11.07(a)(i)</u>.

"<u>Drag-Along Notice</u>" has the meaning set forth in <u>Section 11.07(c)(i)</u>.

"<u>Drag-Along Sale</u>" has the meaning set forth in <u>Section 11.07(a)(i)</u>.

"<u>Drag-Along Transferee</u>" has the meaning set forth in <u>Section 11.07(c)(ii)</u>.

"<u>Effective Date</u>" has the meaning set forth in the preamble hereto.

"<u>Equity Securities</u>" means (a) any share, capital stock, units, partnership or membership interests, percentage interests, units of participation, profits interests, voting rights, participations, depositary receipts or other equity interests of any class, any securities (including debt securities) convertible into or exchangeable for any of the foregoing, any options, warrants, rights or options to purchase, or obligations to sell, any of the foregoing, and any certificates representing any of the foregoing, or (b) any other right, however denominated, to subscribe for, purchase or otherwise acquire, control or vote any equity interests or other securities of any class, with or without payment of additional consideration in cash or property, either immediately or upon the occurrence of a specified date or a specified event or the satisfaction or happening of any other condition or contingency, including warrants, options, purchase rights, exchangeable or convertible securities, indebtedness or other instruments or rights that in each case are exercisable for or convertible or exchangeable into, directly or indirectly, any equity or other security interests (including share appreciation, phantom share, profit participation or other similar rights).

"<u>Exchange Act</u>" means the Securities Exchange Act of 1934, as amended, or any similar successor federal statute, and the rules and regulations of the Commission thereunder, all as the same shall be in effect at the time.

"<u>Excluded Issuance</u>" means the issuance of any Units (or securities convertible into or exchangeable for Units) or other Equity Securities in a subsidiary of the Company (a) that rank junior in order of priority of distribution to the Preferred Units, (b) following expiration of the Standstill Period, to any Person that is not a member of a Holder Group as consideration in any acquisition or other strategic transaction (such as a joint venture, marketing or distribution arrangement or participation or development arrangement) approved by the Board, (c) as a *pro rata* distribution to the Holders or upon any split, subdivision or combination of Units, (d) following expiration of the Standstill Period, in connection with a Company Sale Transaction, (e) the proceeds of which will be used to redeem the Preferred Units in exchange for payment of the Preferred Return or (f) to a Company Party.

"<u>Excluded Preferred Transfer</u>" means a Transfer by any Preferred Holder of its Preferred Units (a) to an Affiliate of such Holder, (b) to a Person that is a Holder as of the date of the Transfer or (c) that is contemplated in connection with such Preferred Holder transferring any indebtedness of the Company Parties owed to such Preferred Holder to another Person.

"<u>Fair Market Value</u>" means, at any time, with respect to any property, the sale value of such property that would be realized in an arm's-length sale at such time between an informed and willing buyer and an informed and willing seller, under no compulsion to buy or sell, respectively, as reasonably determined by the Board.

"<u>Fiscal Quarter</u>" means a period of three (3) consecutive months commencing on January 1, April 1, July 1 and October 1 in any calendar year.

"<u>Fiscal Year</u>" means (a) any subsequent twelve (12)-month period commencing on January 1 and ending on December 31, or (b) any portion of the period described in <u>clause (a)</u> for which the Company is required to close its books and allocate profits, losses and other items of Company income, gain, loss, deduction or credit.

"<u>Fundamental Representations</u>" has the meaning set forth in <u>Section 11.07(b)(i)</u>.

"<u>GAAP</u>" means United States generally accepted accounting principles, consistently applied.

"<u>Governance Rights</u>" means all of a Holder's rights as a Holder in the Company, other than its rights with respect to its Distributional Interest. Governance Rights shall include a Holder's voting rights, its rights to Company information and all benefits and other rights (other than rights with respect to its Distributional Interest) to which a Holder may be entitled under the Act or this Agreement.

"<u>Government Official</u>" means an employee of a Governmental Authority, political party or public international organization, a candidate for government or political office or an employee of an entity controlled by the government.

"<u>Governmental Authority</u>" means any applicable domestic or foreign federal, state, municipal or local governmental, regulatory or administrative authority, department, court, agency, board, commission or other governmental entity or instrumentality, including any political subdivision thereof.

"<u>Holdco Claim Documents</u>" means, collectively, the CTTIA, the New Super Senior Exit Term Credit Agreement, the Holdco Term Credit Agreement, the Holdco CTCI Deferred Payment Agreement, the New Super Senior Exit CTCI Agreement and the security documents and ancillary documents relating thereto.

"<u>Holdco CTCI Deferred Payment Agreement</u>" means that certain Claim Agreement, dated as of the date hereof, by and among the Company and CTCI, as may be amended, amended and restated, supplemented or otherwise modified from time to time.

"<u>Holdco Term Credit Agreement</u>" means that certain Credit Agreement, dated as of the date hereof, by and among the Company, as borrower, Orion Energy Partners TP Agent, LLC, as administrative agent and the holdco term lenders party thereto from time to time, as may be amended, amended and restated, supplemented or otherwise modified from time to time.

"<u>Holder</u>" has the meaning set forth in <u>Section 4.01</u>.

"<u>Holder Group</u>" means, with respect to any Holder, collectively: (a) such Holder, (b) any Affiliate of such Holder or (c) any fund, account or other investment vehicle managed, advised or sponsored by any of the foregoing, but shall exclude any portfolio company of the foregoing. For purposes of clarity and without limitation of the foregoing, a Holder Group shall exclude any of the Company Parties.

"<u>Holder Indemnitors</u>" has the meaning set forth in <u>Section 13.05</u>.

"<u>Independent Director</u>" has the meaning set forth in <u>Section 6.03(a)(iii)</u>.

"<u>Intended Tax Treatment</u>" has the meaning set forth in <u>Section 9.07</u>.

"<u>Law</u>" means any constitution, decree, resolution, law, statute, act, ordinance, rule, directive, order, treaty, code or regulation and any injunction or final non-appealable judgment or any interpretation of the foregoing, as enacted, issued or promulgated by any Governmental Authority.

"<u>Liquidation Event</u>" has the meaning set forth in <u>Section 12.01(a)</u>.

"<u>Losses</u>" means all claims, liabilities, damages, losses, costs and expenses (including amounts paid in satisfaction of judgments, in compromises and settlements, as fines and penalties and legal or other costs and reasonable expenses of investigating or defending against any claim or alleged claim) of any nature whatsoever, known or unknown, liquidated or unliquidated.

"<u>Majority Vote</u>" means, with respect to the Board, the affirmative vote or written consent of the Directors entitled to cast more than fifty percent (50%) of the Director votes.

"<u>New Issue Exercise Notice</u>" has the meaning set forth in <u>Section 3.05(b)</u>.

"<u>New Issue Exercise Period</u>" has the meaning set forth in <u>Section 3.05(b)</u>.

"<u>New Issue Notice</u>" has the meaning set forth in <u>Section 3.05(a)</u>.

"<u>New Securities</u>" means any Equity Securities (a) in the Company that would rank senior to or *pari passu* with the Preferred Units in order of priority with respect to the distributions described in <u>Section 5.02</u> or (b) Equity Securities convertible into or exchangeable for Equity Securities in any Subsidiary of the Company.

"<u>New Super Senior Exit CTCI Agreement</u>" means that certain Procurement, Construction, Operation & Maintenance Support Services Agreement, dated as of the date hereof, by and among the Refinery Company, the Company, as guarantor, and CTCI.

"<u>New Super Senior Exit Term Credit Agreement</u>" means that certain New Super Senior Exit Term Credit Agreement, dated as of July 27, 2025, by and among the Company, as borrower, Orion Energy Partners TP Agent, LLC, as administrative agent and the new super senior exit term lenders party thereto from time to time, as may be amended, amended and restated, supplemented or otherwise modified from time to time.

"<u>Non-Transferring Holder</u>" has the meaning set forth in <u>Section 11.01</u>.

"<u>OFAC</u>" has the meaning set forth in the definition of Restricted Party.

"<u>Officer</u>" has the meaning set forth in <u>Section 7.01</u>.

"<u>Operational Committee</u>" has the meaning set forth in <u>Section 6.04(b)</u>.

"<u>Organizational Documents</u>" means, with respect to any Person, the articles or certificate of incorporation or organization and bylaws, the limited partnership agreement, the partnership agreement or the limited liability company agreement, operating agreement or such other organizational documents of such Person, including those that are required to be registered or kept in the jurisdiction of incorporation, organization or formation of such Person and which establish the legal existence and govern the internal affairs of such Person, in each case, together with any amendment, modification, restatement, supplement, certificate of designations or similar to any of the foregoing.

"<u>Other Businesses</u>" has the meaning set forth in <u>Section 8.07(a)</u>.

"<u>Person</u>" means an individual natural person, a corporation, a partnership (limited or general), a joint venture, a trust, an unincorporated organization, a limited liability company, a Governmental Authority or any other entity.

"<u>PIK Distribution</u>" has the meaning set forth in <u>Section 5.01(a)</u>.

"<u>Preferred Distribution Amount</u>" has the meaning set forth in <u>Section 5.01(a)</u>.

"<u>Preferred Distribution Date</u>" has the meaning set forth in <u>Section 5.01(a)</u>.

"<u>Preferred Holder</u>" has the meaning set forth in <u>Section 4.01</u>.

"<u>Preferred Rate</u>" means eight percent (8%) per annum divided by four (4).

"<u>Preferred Return</u>" means an amount, with respect to each Preferred Unit and determined as of any applicable date of determination, equal to the sum of (a) the Preferred Stated Value for such Preferred Unit at such time *plus* (b) an amount equal to eight percent (8%) per annum, accruing daily, on the then-current Preferred Stated Value with respect to such Preferred Unit from and including the date of the most recent Quarterly Preferred Distribution through such date of determination.

"<u>Preferred Stated Value</u>" means, as of any time of determination, an amount per Preferred Unit equal to (a) $1,000 *plus* (b) the amount of any PIK Distributions made in respect of such Preferred Unit as of such date *minus* (c) the aggregate amount of cash distributions paid in respect of such Preferred Unit *minus* (d) the amount of any sale proceeds received in respect of such Preferred Unit, including in connection with any Drag-Along Sale or Company Sale Transaction.

"<u>Preferred Unit</u>" has the meaning set forth in <u>Section 4.01</u>.

"<u>Proceeding</u>" means any demand, notice of violation, action, lawsuit, case, arbitration, mediation, hearing, audit, suit or other proceeding (whether civil, criminal or administrative) commenced, brought, conducted or heard by or before any Governmental Authority, private arbitrator or mediator, and any inquiry or subpoena in connection therewith.

"<u>Public Offering</u>" means any underwritten public offering pursuant to a registration statement filed in accordance with the Securities Act.

"<u>Quarterly Preferred Distributions</u>" has the meaning set forth in <u>Section 5.01(a)</u>.

"<u>Refinery Company</u>" means Central Valley Renewable Fuels, LLC (f/k/a Bakersfield Renewable Fuels, LLC), a Delaware limited liability company.

"<u>Remaining New Securities</u>" has the meaning set forth in <u>Section 3.05(c)</u>.

"<u>Remaining New Securities Exercise Notice</u>" has the meaning set forth in <u>Section 3.05(d)</u>.

"<u>Remaining New Securities Exercise Period</u>" has the meaning set forth in <u>Section 3.05(d)</u>.

"<u>Remaining New Securities Notice</u>" has the meaning set forth in <u>Section 3.05(c)</u>.

"<u>Representative</u>" means each director, officer, manager, employee, representative or agent of any Person.

"<u>Restricted Party</u>" means (a) any Person listed in any Sanctions-related list of designated Persons maintained by the Office of Foreign Assets Control of the U.S. Department of the Treasury ("<u>OFAC</u>") or the U.S. Department of State, the United Nations Security Council, the European Union, any Member State of the European Union or the United Kingdom, (b) any Person operating, organized or resident in a country or territory that is itself the target of comprehensive Sanctions (currently, Cuba, Iran, North Korea, Syria, the Crimea region of Ukraine, the so-called Donetsk People's Republic and the so-called Luhansk People's Republic) ("<u>Sanctioned Countries</u>"), (c) the government of a Sanctioned Country or the Government of Venezuela or (d) any Person fifty percent (50%) or more owned or, where relevant under applicable Sanctions, controlled by any such Person or Persons.

"<u>Sanctioned Countries</u>" has the meaning set forth in the definition of Restricted Party.

"<u>Sanctions</u>" means any applicable Laws involving economic or financial sanctions matters imposed, administered or enforced from time to time by (a) the United States (including OFAC or the U.S. Department of State), (b) the United Kingdom, (c) the European Union or any European Union Member State or (d) the United Nations (including the United Nations Security Council).

"<u>Securities Act</u>" means the Securities Act of 1933, as amended, or any similar successor federal statute, and the rules and regulations of the Commission thereunder, all as the same shall be in effect at the time.

"<u>Standstill Period</u>" means the period commencing on the Effective Date and ending on December 31, 2030.

"<u>Subsidiary</u>" means, with respect to any Person, any other Person in which such Person, directly or indirectly, owns fifty percent (50%) or more of the voting or economic equity interests or otherwise holds a controlling interest in or has the right to direct the management of such other Person.

"<u>Substituted Holder</u>" has the meaning set forth in <u>Section 4.01(c)</u>.

"<u>Tag-Along Exercise Notice</u>" has the meaning set forth in <u>Section 11.08(b)</u>.

"<u>Tag-Along Exercise Period</u>" has the meaning set forth in <u>Section 11.08(b)</u>.

"<u>Tag-Along Exercising Holder</u>" has the meaning set forth in <u>Section 11.08(c)</u>.

"<u>Tag-Along Transfer</u>" has the meaning set forth in <u>Section 11.08(a)</u>.

"<u>Tag-Along Transferring Holder</u>" has the meaning set forth in <u>Section 11.08(a)</u>.

"<u>Tag-Along Units</u>" has the meaning set forth in <u>Section 11.08(b)</u>.

"<u>Tag Rights Holder</u>" has the meaning set forth in <u>Section 11.08(a)</u>.

"<u>Tag Sale Notice</u>" has the meaning set forth in <u>Section 11.08(a)</u>.

"<u>Tag Sale Offered Units</u>" has the meaning set forth in <u>Section 11.08(a)</u>.

"<u>Third Party</u>" means any Person other than (a) any Company Party or (b) any member of a Holder Group.

"<u>Transaction Documents</u>" means this Agreement, the Holdco Claim Documents and each other agreement contemplated by any of the foregoing.

"<u>Transfer</u>" means any direct or indirect sale, conveyance, exchange, transfer, assignment, gift, pledge, encumbrance or other disposition or transfer by any other means, or agreement to do any of the foregoing, in each case whether for value or no value and whether voluntary or involuntary, by operation of Law or otherwise. "<u>Transferred</u>" and "<u>Transferring</u>" shall have corollary meanings.

"<u>Transferring Holder</u>" has the meaning set forth in <u>Section 11.01</u>.

"<u>Units</u>" has the meaning set forth in <u>Section 4.01</u>.

**Article II<br>ORGANIZATION**

Section 2.01 <u>Formation</u>. The Company was duly formed and authorized to commence business upon the filing of the Certificate of Incorporation in accordance with the DGCL on July 13, 2010. The Company was converted into a Delaware limited liability company on August 11, 2025 upon the filing of the Conversion Certificate and the Certificate of Formation. As of the Effective Date, upon the execution of a counterpart of this Agreement, each of the Holders is hereby admitted, in each case, as a member of the Company, and the Holders hereby adopt this Agreement as the limited liability company agreement of the Company.

Section 2.02 <u>Name</u>. The name of the Company is "Grapevine Energy Holdings, LLC", and all business of the Company shall be conducted in that name.

Section 2.03 <u>Purpose</u>. The Company is organized for the purpose of the Company Parties engaging in (a) the direct or indirect investment in projects and businesses in connection with or related to (i) any aspect of renewable fuels and chemical byproducts production, storage, blending, terminaling, transport and sales (including the byproducts and co-products thereof) including generation and sale of renewable fuel sources and byproducts, through camelina varieties, crop feedstock and other plant science or other renewable fuel production sources, (ii) activities related to lowering the "carbon intensity" of renewable fuels and chemical byproducts production,(iii) growth or production of renewable fuel production sources, including camelina varieties, and (iv) research and development of plant science related to any of the foregoing, and (b) any other lawful act or activity that now or in the future may be necessary, convenient, incidental or advisable to accomplish the foregoing and that is not forbidden by Law in the respective jurisdictions in which the Company Parties engage in such businesses or activities (the "<u>Business Purpose</u>").

Section 2.04 <u>Registered Agent; Registered Office; Principal Office; Other Offices</u>. The registered office of the Company required by the Act to be maintained in the State of Delaware shall be the office of the initial registered agent named in the Certificate of Formation or such other office (which need not be a place of business of the Company) as the Board may designate in the manner provided by Law. The registered agent of the Company in Delaware shall be the initial registered agent named in the Certificate of Formation or such other Person or Persons as the Board may designate in the manner provided by Law. The principal office of the Company shall be at such place as the Board may designate. The Company may have such other offices as the Board may designate.

Section 2.05 <u>Term</u>. The term of the Company commenced on the date the Certificate of Incorporation was filed with the Secretary of State of the State of Delaware and continued on the date the Certificate of Formation was filed with Secretary of State of the State of Delaware. The term of the Company shall continue in perpetuity, unless the Company is dissolved or terminated in accordance with the provisions of <u>Article XII</u>. The existence of the Company as a separate legal entity shall continue until cancellation of the Certificate of Formation as provided in the Act.

**Article III<br>CAPITAL CONTRIBUTIONS; ISSUANCE OF ADDITIONAL EQUITY**

Section 3.01 <u>Capital Contributions of Holders</u>. The Capital Contributions of the Holders shall be reflected in the books and records of the Company. The Capital Contributions of each Holder as of the Effective Date are set forth on <u>Schedule A</u>.

Section 3.02 <u>Additional Contributions</u>. The Board may, upon its reasonable determination, request that additional Capital Contributions be made by the Holders in exchange for the issuance of new Equity Securities of the Company on such terms and having such rights as the Board may determine, subject to and in accordance with <u>Section 6.12(a)(iii)</u> and <u>Section 3.05</u>, in each case, as applicable. In no event shall any Holder be required to make any additional Capital Contributions.

Section 3.03 <u>No Right to Withdraw Capital</u>. No Holder shall have the right to withdraw from the Company or be repaid any Capital Contribution except as otherwise specifically provided herein.

Section 3.04 <u>Issuance of Additional Equity</u>.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) Subject to <u>Section 6.12(a)(iii)</u> and <u>Section 3.05</u>, in each case as applicable, the Board may authorize and cause any Company Party to issue, to such Persons as the Board shall determine in its discretion, additional Units or other Equity Securities, including any new class or series of Units, on terms, including relative rights and preferences, established by the Board, and, in each case subject to <u>Article XIV</u>, amend this Agreement and <u>Schedule A</u> as the Board shall deem necessary or appropriate in connection with the authorization and issuance of such additional Units or other Equity Securities.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) Subject to <u>Section 3.05</u>, as applicable, any Person acceptable to the Board may become an additional Holder for such consideration as the Board shall determine; <u>provided</u>, that, such Person (i) complies with all the requirements of a transferee under <u>Section 11.02</u> and (ii) executes and delivers such instruments, in form and substance satisfactory to the Board, as the Board may deem necessary or desirable to effect such admission and to confirm the agreement of such Person to be bound by the terms and provisions of this Agreement. Upon satisfaction of such requirements, such Person shall be admitted as a Holder, and the Board is hereby authorized to take all actions it deems reasonably necessary or appropriate, including, subject to <u>Section 6.12</u> and <u>Article XIV</u>, amending this Agreement in any manner it deems necessary or appropriate, to provide for such admission; <u>provided</u>, that, the Board shall promptly notify all Holders of such amendment.

Section 3.05 <u>Preemptive Rights</u>. If the Board proposes to issue, offer or sell any New Securities, other than an Excluded Issuance, the Company shall, subject to obtaining any consent required pursuant to this Agreement, including consent required pursuant to <u>Section 6.12(a)(iii)</u>, first offer the opportunity to purchase such New Securities to the then-current Preferred Holders in accordance with this <u>Section 3.05</u>.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) Prompt written notice (the "<u>New Issue Notice</u>") of the Board's proposal to issue, offer or sell New Securities shall be given to each of the Preferred Holders, which New Issue Notice shall include a description of the New Securities being offered, including the price and terms upon which the Board proposes to issue, offer or sell such New Securities.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) Each Preferred Holder will have thirty (30) days after receipt of the New Issue Notice by such Preferred Holder (the "<u>New Issue Exercise Period</u>") to elect to purchase up to its *pro rata* share based on the relative number of Preferred Units held by such Preferred Holder of the New Securities at the same price and on the same terms as set forth in the New Issue Notice by submitting a written notice to the Board notifying the Board of its election (a "<u>New Issue Exercise Notice</u>"). The New Issue Exercise Notice shall set forth the portion of the New Securities (up to such Preferred Holder's *pro rata* share based on the relative number of Preferred Units held by such Preferred Holder) that such Preferred Holder elects to purchase.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) Upon the expiration of the New Issue Exercise Period, the Board shall submit prompt written notice (the "<u>Remaining New Securities Notice</u>") informing each Common Holder of the number of New Securities still available as a result of any Preferred Holder having declined to purchase such New Securities pursuant to their respective preemptive rights or failing to timely respond during the New Issue Exercise Period (the "<u>Remaining New Securities</u>"), which Remaining New Securities Notice shall include a description of the New Securities being offered, including the price and terms upon which the Board proposes to issue, offer or sell such New Securities.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(d) Each Common Holder will have thirty (30) days after receipt of the Remaining New Securities Notice by such Common Holder (the "<u>Remaining New Securities Exercise Period</u>") to elect to purchase up to its *pro rata* share based on the relative number of Common Units held by such Common Holder of the Remaining New Securities at the same price and on the same terms as set forth in the Remaining New Securities Notice by submitting a written notice to the Board notifying the Board of its election (a "<u>Remaining New Securities Exercise Notice</u>"). The Remaining New Securities Exercise Notice shall set forth the portion of the Remaining New Securities (up to such Common Holder's *pro rata* share based on the relative number of Common Units held by such Common Holder) that such Common Holder elects to purchase.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(e) Subject to <u>Section 6.12(a)(iii)</u>, the Board may, during the one hundred twenty (120)-day period following the expiration of the Remaining New Securities Exercise Period, issue, offer or sell to any Person(s) (including any Holder) any New Securities that were not purchased by the Preferred Holders pursuant to <u>Section 3.05(b)</u> or the Common Holders pursuant to <u>Section 3.05(d)</u>, upon terms no more favorable to such Person(s) than those set forth in the New Issue Notice. If the issuance and sale of such New Securities is not consummated within such one hundred twenty (120)-day period, then such New Securities may not be issued, offered or sold, as applicable, unless first reoffered in accordance with this <u>Section 3.05</u>; <u>provided</u>, that, such one hundred twenty (120)-day period shall be automatically extended as necessary in order to obtain any regulatory approvals required for such consummation of the transaction pursuant to which the Company is issuing, offering or selling the New Securities.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(f) Any Person that acquires the New Securities in accordance with <u>Section 3.05(e)</u> must agree in writing to be subject to all of the terms of this Agreement (including the representations set forth in <u>Section 4.05</u>) by executing and delivering a joinder agreement to the Company, in form and substance acceptable to the Board, a copy of which shall be delivered to each Holder. Such Person shall be admitted to the Company as a Holder effective on the execution of the joinder agreement.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(g) Notwithstanding anything in this <u>Section 3.05</u> to the contrary, (i) if the Board (including the Independent Director) determines that the Company has an urgent capital need that reasonably justifies shortening the New Issue Exercise Period and the Remaining New Securities Exercise Period, the Board may shorten each such periods to periods of time that are not less than ten (10) days, and (ii) the Board may, subject to <u>Section 6.12(a)(iii)</u>, issue, offer or sell any New Securities to any Person without first complying with the provisions of this <u>Section 3.05</u> so long as, within sixty (60) days after the sale of such New Securities, the Board conducts the process set forth in this <u>Section 3.05</u> such that the Preferred Holders and, if applicable, the Common Holders, are given the opportunity to purchase the New Securities or Remaining New Securities, as applicable, that they would have otherwise had the right to purchase pursuant to this <u>Section 3.05</u>.

**Article IV<br>HOLDER INTERESTS; CERTIFICATES; NEW HOLDERS**

Section 4.01 <u>The Company Units</u>. Ownership rights in the Company are reflected as limited liability company interests of the Company. The limited liability company interests of the Company shall be divided into common units (each of which, a "<u>Common Unit</u>" and each holder of a Common Unit, a "<u>Common Holder</u>") and preferred units (each of which, a "<u>Preferred Unit</u>", and collectively with the Common Units, the "<u>Units</u>", and each holder of a Preferred Unit, a "<u>Preferred Holder</u>" and together with each Common Holder, a "<u>Holder</u>"). As of the Effective Date, the Company has authorized 43,200 Common Units and 225,000 Preferred Units for issuance. Subject to the limitations and restrictions set forth in this Agreement, including <u>Section 6.12(a)(iii)</u> and <u>Section 3.05</u>, as applicable, the Company is authorized to issue any additional Units, of such classes and with such rights, preference and privileges, upon and as determined by Majority Vote by the Board.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) <u>Holders as of the Effective Date</u>. The name, address, capital contributions of and number of Units held by each Holder as of the Effective Date are set forth on <u>Schedule A</u>.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) <u>Admission as a Holder</u>. No Person shall be treated as a Holder of the Company for any purpose unless such Person holds Units. Unless admitted to the Company as a Holder as provided in this Agreement, no Person (including an assignee of rights with respect to Units or a transferee of Units) shall be, or shall be considered, a Holder. The Company may elect to deal only with Persons so admitted as Holders (including their duly authorized Representatives). To the fullest extent permitted by applicable Law, any distribution by the Company to the Person shown on the Company's records as a Holder or to its legal Representatives shall relieve the Company of all liability to any other Person who may have an interest in such distribution by reason of any Transfer by the Holder or for any other reason.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) <u>Transfer of Units</u>. A Holder may not take any action to resign, withdraw or retire as a Holder voluntarily, and a Holder may not be removed involuntarily, prior to the dissolution and winding up of the Company, other than as a result of a valid Transfer of all of such Holder's Units in accordance with <u>Article XI</u> and each of the transferees of such Units (if the transferee is not the Company or already a Holder) being admitted as a substituted Holder pursuant to <u>Article XI</u> (a "<u>Substituted Holder</u>"). A Holder will cease to be a Holder only in the manner described in <u>Article XI</u>. Each Transfer of a Holder's Units shall be deemed a Transfer of both Distributional Interests and Governance Rights (if applicable), and shall comply with the applicable provisions of <u>Article XI</u> of this Agreement.

Section 4.02 <u>Unit Certificates</u>. The Units are uncertificated.

Section 4.03 <u>Record Holder of Units</u>. The record holder of a Unit registered in the books and records of the Company shall be deemed by the Company to be the owner thereof for all purposes. The Board shall, with respect to any Transfer of Units, update the appropriate records of the Company with respect to such Transfer, including to reflect the name and address of the transferee of such Units, the number and type of Units Transferred and any information with respect to such transferee set forth on <u>Schedule A</u> with respect to the Holders.

Section 4.04 <u>Pledge of Membership Interests</u>. Each Holder shall pledge its Units as contemplated in the Holdco Claim Documents. The pledge of such Units shall not, except as otherwise may result due to an exercise of rights and remedies under the Holdco Claim Documents, cause a Holder to cease to be a Holder or to have the power to exercise any rights or powers of a Holder and, except as provided in the Holdco Claim Documents, the pledgee of such Units shall not have any liability solely as a result of such pledge.

Section 4.05 <u>Representations and Warranties of Holders</u>.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) By execution and delivery of this Agreement, each Holder severally, but not jointly, hereby represents and warrants (as to itself) to the Company and to the other Holders, on and as of the Effective Date or any subsequent date on which a Holder is admitted to the Company, and as of the date of receipt of any additional Units, as follows:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i) <u>Authority</u>. Such Holder (if it is a legal entity) is an entity duly formed, validly existing and in good standing under the Laws of the jurisdiction of its formation. Such Holder has full power and authority to execute and deliver this Agreement and to perform its obligations hereunder, and the execution, delivery and performance by such Holder of this Agreement have been duly authorized by all necessary action.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(ii) <u>Binding Obligations</u>. This Agreement (or subscription agreement, joinder agreement or other similar agreement, if applicable) has been duly and validly executed and delivered by such Holder and constitutes the binding obligation of such Holder enforceable against such Holder in accordance with its terms, subject to applicable Bankruptcy, insolvency or other similar Laws relating to or affecting the enforcement of creditors' rights generally and to general principles of equity.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(iii) <u>No Conflict</u>. The execution, delivery and performance by such Holder of this Agreement (or subscription agreement, joinder agreement or other similar agreement, if applicable) does not and will not, with or without the giving of notice or the lapse of time, or both, (A) violate any provision of Law to which such Holder is subject, (B) violate any order, judgment or decree applicable to such Holder, (C) to the extent applicable to such Holder, conflict with, or result in a breach or default under, any term or condition of its Organizational Documents or (D) to the extent applicable, conflict with, or result in a breach or default under, any term or condition of any agreement or other instrument to which such Holder is a party or by which such Holder's Assets are bound, except, in the case of each of <u>clauses (A)</u>, <u>(B)</u> and <u>(D)</u>, as would not reasonably be expected, individually or in the aggregate, to have a material adverse effect on such Holder's ability to perform its obligations hereunder. No consent or approval of any other Person is required in connection with the execution, delivery and performance of this Agreement by such Holder.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(iv) <u>Purchase Entirely for Own Account</u>. The Units to be acquired by such Holder will be acquired for investment for such Holder's own account, not as a nominee or agent, and not with a view to any reoffer, resale, distribution or other disposition not in compliance with the Securities Act and any other applicable federal or state securities Laws.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(v) <u>No Registration</u>. Such Holder understands that the Units, at the time of issuance, will not be registered under the Securities Act on the grounds that the issuance of Units hereunder is exempt from registration under the Securities Act.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(vi) <u>Restricted Securities</u>. Such Holder understands that the Units may not be sold, transferred or otherwise disposed of without registration under the Securities Act or an exemption therefrom, and that in the absence of either an effective registration statement covering such Units or an available exemption from registration under the Securities Act, the Units must be held indefinitely (except as permitted under the terms and conditions of this Agreement). In particular, such Holder is aware that the Units may not be sold pursuant to Rule 144 promulgated under the Securities Act unless all of the conditions of that Rule are met. Among the conditions for use of Rule 144 may be the availability of current information to the public about the Company. Such information is not now available, and the Company has no present plans to make such information available.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(vii) <u>Investment Experience</u>. Such Holder has such knowledge and experience in financial and business matters that such Holder is capable of evaluating the merits and risks of an investment in the Units and of making an informed investment decision and understands that (A) this investment is suitable only for an investor which is able to bear the economic consequences of losing its entire investment, (B) the acquisition of Units hereunder is a speculative investment which involves a high degree of risk of loss of the entire investment, and (C) there are substantial restrictions on the transferability of, and there will be no public market for, the Units, and accordingly, it may not be possible for such Holder to liquidate its investment.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(viii) <u>Accredited Investor</u>. Such Holder is an "Accredited Investor" within the meaning of Rule 501 promulgated under Regulation D of the Securities Act and agrees that it will not take any action that could have an adverse effect on the availability of the exemption from registration provided by Rule 501 promulgated under Regulation D of the Securities Act with respect to the issuance of interests in the Company hereunder.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(ix) <u>Non-Reliance</u>. No promise, agreement, statement or representation that is not expressly set forth in this Agreement, the Transaction Documents or in any other agreement to which such Holder and the Company is party has been made to such Holder by the Company, any other member of a Holder Group or such member's Representatives or any other interested Person with respect to the terms set forth in this Agreement, and such Holder is not relying upon any such promise, agreement, statement or representation of any other Holder or any other member of a Holder Group or such member's Representatives or any other interested Person. Such Holder is relying upon its own judgment and due diligence and has been represented by legal counsel in this matter.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) By execution and delivery of this Agreement, each Holder severally, but not jointly, hereby represents and warrants (as to itself) to the Company and to the other Holders, on and as of the Effective Date, and covenants for so long as it remains a Holder, that: (i) it has not and will not undertake, and will ensure its Affiliates and agents do not undertake, any Anti-Corruption Prohibited Activity in relation to the Company or on behalf of the Company or any Holder, (ii) it is not a Restricted Party and shall not engage in any dealings or transactions that violate Sanctions, in each case, in relation to the Company or on behalf of the Company or any Holder, (iii) it will not violate any Anti-Money Laundering Law in relation to the Company or on behalf of the Company or any Holder, (iv) the funds used to purchase Units are not, were not and will not be directly or indirectly derived from activities that violate the Anti-Corruption Laws, Sanctions, Anti-Money Laundering Laws or other Laws or regulations of the United States, or from any dealings or transactions with any Restricted Party, or from activity undertaken in violation of Sanctions, (v) it will not use, transfer or assign any distributions, proceeds or other compensation provided by the Company in furtherance of an Anti-Corruption Prohibited Activity, to or for the benefit of any Restricted Party, or in violation of any Anti-Money Laundering Laws or any applicable Laws and (vi) it will promptly notify the Company if any of the foregoing ceases to be true.

**Article V<br>DISTRIBUTIONS**

Section 5.01 <u>Quarterly Preferred Unit Distributions</u>.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) Subject to applicable Law and the remaining provisions of this <u>Article V</u>, each Preferred Holder will be entitled to receive quarterly distributions from the Company in an amount, with respect to each Preferred Unit held by such Preferred Holder, equal to the product of the Preferred Rate *multiplied by* the Preferred Stated Value of such Preferred Unit at the applicable time (such distributions, the "<u>Quarterly Preferred Distributions</u>", and the amount of any such Quarterly Preferred Distribution, the "<u>Preferred Distribution Amount</u>" with respect to such Preferred Unit). Unless paid in cash as determined by the Board, each such Quarterly Preferred Distribution shall be paid by the Company in kind by increasing the Preferred Stated Value of each Preferred Unit on its books and records by the applicable Preferred Distribution Amount on the applicable Preferred Distribution Date (each a "<u>PIK Distribution</u>"). The distributions to the holders of Preferred Units will be payable quarterly in arrears on each of January 1, April 1, July 1 and October 1 of each year, or if such date is not a Business Day, the next succeeding Business Day (each such date, the "<u>Preferred Distribution Date</u>"); <u>provided</u>, that, (i) any amounts that accrue under this <u>Section 5.01</u> during the time period between the applicable Preferred Distribution Date and such Business Day will not be applied to increase the applicable Preferred Distribution Amount, but will be payable at the following Preferred Distribution Date, and (ii) the Preferred Distribution Amount shall be pro-rated with respect to the first Fiscal Quarter occurring after the Effective Date.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) Distributions on the Preferred Units will be prior and in preference to any declaration or payment of any distributions on any other Units and any other classes of Units created after the date hereof. Quarterly Preferred Distributions will be cumulative and will accrue daily whether or not declared and whether or not there will be funds legally available for the payment thereof.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) Quarterly Preferred Distributions made in cash will be made by wire transfer of immediately available funds to the account designated by each applicable Preferred Holder, or if no bank account has been so designated, then by check (mailed on the applicable Preferred Distribution Date) to the address of record of such Preferred Holder, or by such other means as any Preferred Holder and the Company may agree upon from time to time. Each Quarterly Preferred Distribution made in cash will be deemed to have been timely paid in full (and the Company's obligation to pay such Quarterly Preferred Distribution will be fully discharged) upon the funding of the applicable Preferred Distribution Amount to the applicable bank account or with respect to a check mailed to the address of record, regardless of whether the applicable Preferred Holder actually receives such funds. For the avoidance of doubt, no cash Quarterly Preferred Distribution will operate to increase the Preferred Stated Value of any Preferred Unit.

Section 5.02 <u>Distributions of Available Cash</u>. The Board shall determine the amount of Available Cash in accordance with the definition thereof and, subject to <u>Section 5.01</u>, <u>Section 5.03</u> and <u>Article XII</u>, the amount so determined shall be distributed among the Holders at such times as determined by the Board in the following order of priority:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) *First*, to the Preferred Holders until each Preferred Holder has received distributions sufficient to satisfy the Preferred Return and cause it to equal zero with respect to each Preferred Unit held by such Preferred Holder as of the date of such distribution, *pro rata* as among the Preferred Holders based on relative amounts required to be distributed to each such Preferred Holder in order to achieve such Preferred Return with respect to each Preferred Unit held by such Preferred Holder; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) *Thereafter*, 100% to the Common Holders, *pro rata* based on the relative number of Common Units held by each such Common Holder.

Section 5.03 <u>Certain Limitations on Distributions</u>. Distributions shall not be authorized or made hereunder if, and to the extent that (a) such distributions would violate Section 18-607 of the Act, the terms of the Holdco Claim Documents or the terms of any other material Contract a Company Party is a party to, (b) such distributions would render the Company unable to pay its debts as they become due in the usual course of business or (c) the reasonable value of the Company's total Assets after the distribution would be less than the sum of its total liabilities, plus the amount, if any, that would be needed if the Company were to be dissolved, wound up and terminated at the time of the distribution to satisfy the preferential rights upon distribution, winding up and termination of Holders whose preferential rights are superior to those receiving distribution.

Section 5.04 <u>Amounts Withheld from Distributions</u>. All amounts withheld pursuant to the Code or any provision of any state, local or non-U.S. tax Law with respect to any actual or deemed payment, distribution or accrual to or in respect of the Holders (or, if applicable, other Persons treated as owning equity in the Company) shall be treated as amounts distributed to the Holders (or such other Persons) pursuant to this <u>Article V</u> for all purposes under this Agreement. The Company is authorized to withhold from actual or deemed payments, distributions or accruals to or in respect of the Holders (or, if applicable, other Persons treated as owning equity in the Company) and to pay over to any federal, state, local or non-U.S. government any amounts required to be so withheld pursuant to the Code or any provisions of any other applicable Law; <u>provided</u>, that the Company shall use commercially reasonable efforts to provide written notice to the relevant Holder or Holders no less than five (5) days prior to the date on which such deduction or withholding is to be made (or, if the Company becomes aware of any requirement to withhold after such date, as soon as reasonably practicable after the Company becomes aware of such requirement) with a reasonable written explanation substantiating the requirement to deduct or withhold and the calculation of such deduction or withholding, and the parties shall use commercially reasonable efforts to cooperate to mitigate any such required deduction or withholding.

Section 5.05 <u>Automatic Redemption Upon Payment of Preferred Return</u>. After all Holdco Term Obligations (as such term is defined in the CTTIA (as in effect as of August 11, 2025)) have been satisfied in full in accordance with Section 9.08 of the CTTIA (as in effect as of August 11, 2025), a Preferred Unit shall be deemed redeemed, surrendered and canceled upon the applicable Preferred Holder holding the same receiving payments pursuant to this Agreement (including from proceeds of a Company Sale Transaction or a Drag-Along Sale) in respect of such Preferred Unit in cash in an aggregate amount equal to the applicable Preferred Return with respect to such Preferred Unit. Upon the redemption of any Preferred Unit in full in cash for the applicable Preferred Return, such Preferred Unit shall cease to be outstanding, without the necessity of the taking of any action on the part of the Company, the Board, the applicable Preferred Holder or any other Person. For the avoidance of doubt, (i) this <u>Section 5.05</u> shall not be construed to modify, supplement, supersede or waive Section 9.08 of the CTTIA (as in effect as of August 11, 2025), and (ii) no Preferred Holder shall have any right to cause the Company to redeem the Preferred Units held by such Preferred Holder.

**Article VI<br>MANAGEMENT**

Section 6.01 <u>Management; Board</u>.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) <u>Management of the Company</u>. Subject to the limitations and restrictions set forth in this Agreement (including those set forth in this <u>Article VI</u>) and provided that such actions are consistent with the Business Purpose, the Company shall be managed and controlled by a board of directors (the "<u>Board</u>"). Each such member of the Board (referred to herein as a "<u>Director</u>") is hereby designated a "manager" within the meaning of the Act. Except for situations in which the approval of the Holders is required by this Agreement or by nonwaivable provisions of applicable Law, (i) the powers of the Company shall be exercised by or under the authority of, and the business and affairs of the Company shall be wholly managed under the direction of, the Board, and (ii) the Board may make all decisions and take all actions for the Company not otherwise provided for in this Agreement. The Board shall have all the rights and powers that may be possessed and exercised by managers under the Act. The Board, to the extent of its powers set forth in this <u>Article VI</u> and in any other provisions of this Agreement, is an agent of the Company for the Business Purpose, and the actions of the Board taken in accordance with such powers shall bind the Company.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) <u>Management of Subsidiaries of the Company</u>. Subject to the limitations and restrictions set forth in this Agreement (including those set forth in this <u>Article VI</u>) and provided that such actions are consistent with the Business Purpose, each Subsidiary of the Company shall be managed and controlled by its members or shareholders, as applicable, with decisions and actions of such member or shareholder governed by the Board, except as required under the applicable Laws of the jurisdiction of organization of any Subsidiary, as applicable, in which cases such Subsidiaries shall be governed by a board of directors or similar governing body that is comprised of the same individuals as the Board and subject to the same voting and governance rights (including those set forth in this <u>Article VI</u>) with respect thereto.

Section 6.02 <u>Lack of Authority</u>. Except as otherwise set forth in those provisions of this Agreement that expressly require the vote, consent or other approval of the Holders, no Holder, in its capacity as such, shall participate in the management or control of any Company Party's respective business, transact any business on behalf of any Company Party or have the power to act for or bind any Company Party, said powers being vested solely and exclusively in the Board.

Section 6.03 <u>Number of Directors; Appointment of Directors</u>.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) The Board shall initially consist of seven (7) Directors selected as follows:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i) Four (4) Directors designated by vote of the Common Holders holding, in the aggregate, at least a majority of the then-issued and outstanding Common Units (each, a "<u>Common Director</u>");

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(ii) Two (2) Directors designated by CTCI for so long as CTCI owns any Preferred Units (each, a "<u>CTCI Director</u>"); <u>provided</u>, that, such right to designate the CTCI Directors is not transferrable other than to a transferee of a majority of the then-issued and outstanding Preferred Units, and then such transferee shall have the right to designate the CTCI Directors only for so long as such transferee owns a majority of the then-issued and outstanding Preferred Units; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(iii) One (1) independent Director (the "<u>Independent Director</u>") to be selected by a majority of the other Directors, which shall be a natural person with experience and expertise in or relating to the industry in which the Company operates and not an employee of any Holder.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) The Directors as of the Effective Date are set forth on <u>Schedule B</u>.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) The number of Directors on the Board may be increased or decreased by (i) Majority Vote of the Board in connection with the issuance of additional Units or other Equity Securities to additional Holder(s) who are not Affiliates of any Company Party or any Holder Group and solely by the number necessary to add one or more designees of such additional Holder(s) to the Board, or (ii) by Majority Vote of the Board and the consent of CTCI for as long as CTCI owns any Preferred Units; <u>provided</u>, that, in any case, CTCI's rights to designate Directors as set forth in <u>Section 6.03(a)(ii)</u> shall not be changed without the consent of CTCI.

Section 6.04 <u>Committees of the Board</u>.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) <u>Formation of Committees</u>. The Board may, by Majority Vote, establish such committees as it may deem appropriate. The composition of any committee of the Board, together with the rules governing the activities of such committee, will be determined by Majority Vote of the Board; <u>provided</u>, that, in no event may the Board delegate to any committee the authority to take any action that constitutes a CTCI Consent Matter without obtaining the requisite approval from CTCI to take such action and, <u>provided</u>, <u>further</u>, that, any committee of the Board shall include at least one (1) member appointed by CTCI, unless such requirement is waived in advance by CTCI in writing. The functions of such committees shall be to serve in an advisory capacity only unless otherwise agreed by the Board by Majority Vote.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) <u>Operational Committee</u>. As of the Effective Date, the Board is deemed to have approved the formation of an operational committee (the "<u>Operational Committee</u>"), the purpose of which is to serve solely in an advisory capacity and have no other power or authority. The Operational Committee shall at all times be comprised of three (3) to five (5) members, as determined by the Board by Majority Vote, which members shall include at least one (1) member appointed by CTCI. As of the Effective Date, the Operational Committee consists of the following members: (i) Michael Yang (the member appointed by CTCI), (ii) Matthew Kondratowicz, (iii) Igor Radomyshelsky and (iv) the Independent Director (who shall serve as the chair of the Operational Committee).

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) <u>Audit Committee</u>. As of the Effective Date, the Board is deemed to have approved the formation of an audit committee (the "<u>Audit Committee</u>"), which shall be delegated the duties that are customarily held by audit committees, including without limitation oversight over financial reporting, external auditors, internal controls and risk management, and compliance and ethics. The Audit Committee shall at all times be comprised of five (5) members, as determined by the Board by Majority Vote, which members shall include at least one (1) member appointed by CTCI and the Independent Director. As of the Effective Date, the Audit Committee consists of the following members: (i) Todd Chen (the member appointed by CTCI), (ii) Matthew Kondratowicz, (iii) Igor Radomyshelsky, (iv) Ethan Shoemaker and (v) the Independent Director.

Section 6.05 <u>Board Observers</u>.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) <u>Board Observer Rights</u>. Each Holder Group shall be entitled to designate one (1) board observer (each a "<u>Board Observer</u>") to attend (either in person or by remote communication) all meetings of the Board and its committees. The Company shall provide each Board Observer written notice of any meeting of the Board or a committee of the Board at the same time and in the same manner notice is given to the Directors or committee members, as applicable, and shall furnish to each Board Observer copies of all materials received by the Directors or committee members in advance of any such meetings.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) <u>Removal and Replacement of Board Observers</u>. A Board Observer may be removed at any time (with or without cause) at the written request of the designee of such Board Observer. A Board Observer may resign at any time by giving written notice to the Board. In the event of the removal, resignation, death or incapacity of any Board Observer, the Person(s) entitled to designate such Board Observer shall be entitled to appoint a new Board Observer to fill such vacancy.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) <u>No Liability</u>. To the fullest extent permitted by Law and notwithstanding anything to the contrary herein, no Board Observer shall have any duties (including fiduciary duties) or liabilities relating thereto to any Director, other Board Observer, Holder or Company Party in connection with the business and affairs of the Company or its activities as a Board Observer, as the case may be, other than to act in accordance with the implied contractual covenant of good faith and fair dealing; <u>provided</u>, that, to the fullest extent permitted by Law, any action, or failure to act, by any Board Observer shall not be considered bad faith solely based on the fact that such Board Observer was acting, or failing to act, in furtherance of its own interest or in the interest of the Holder Group that designated such Board Observer; <u>provided</u>, <u>further</u>, that, the foregoing shall not be deemed to alter the contractual obligations of any Board Observer to any Director, any other Board Observer, any Holder or the Company pursuant to this Agreement or any other agreement to which it is a party. For the avoidance of doubt, no Board Observer shall have any duty or obligation to share with any Director, any other Board Observer, any Holder or the Company any information that such Board Observer receives from the Holder Group that designated such Board Observer.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(d) <u>Confidentiality</u>. Each Board Observer shall agree to keep confidential any confidential information obtained from a Company Party in its capacity as Board Observer, <u>provided</u>, <u>however</u>, that each Board Observer may share such confidential information with the Holder Group that appointed such Board Observer. Any Holder Group appointing a Board Observer will be responsible for any breach of the confidentiality restrictions set forth in this Agreement by such Board Observer receiving disclosure of information in its capacity as such; <u>provided</u>, that, the confidentiality obligations of the Board Observers hereunder will not apply to the extent that the disclosure of information otherwise determined to be confidential is required by applicable Law (or applicable rule or regulation) to be disclosed; <u>provided further</u>, that, prior to disclosing such confidential information and to the extent not prohibited by applicable Law, a Board Observer or the Holder Group appointing such Board Observer must notify the Company thereof (if practicable, with sufficient notice to allow the Company to seek confidential treatment of such information), which notice will include the basis upon which such Board Observer or the Holder Group appointing such Board Observer believes the information is required by applicable Law to be disclosed. Notwithstanding anything to the contrary herein, the Board reserves the right, on behalf of the Company, to reasonably withhold any information and to reasonably exclude any such Board Observer from any meeting or portion thereof if access to such information or attendance at such meeting would reasonably be expected to (i) adversely affect the attorney-client or work product privilege between the Company and its counsel or (ii) result in a conflict of interest (including with respect to any pending, threatened or completed Proceeding or any proposed or pending transaction, in each case, involving a Company Party, on the one hand, and any member of a Holder Group, on the other hand) or otherwise violate a Company Party's confidentiality obligations under any written Contract to which a Company Party is a party or is otherwise bound.

Section 6.06 <u>Board Meetings; Quorum; Board Voting; Action by Written Consent</u>.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) <u>Board Meetings</u>.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i) <u>Place of Meetings</u>. Meetings of the Board or any committee of the Board shall be held at the principal office of the Company or at such other place as determined by the Board or the applicable committee, which alternate location may be within or outside the State of Delaware.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(ii) <u>Notice of Meetings</u>. Any Director may call a meeting of the Board and any member of a committee of the Board may call a meeting of such committee, in each case, by giving notice to the other Directors or committee members, as applicable, in accordance with this <u>Section 6.06(a)(ii)</u>. Notice of each meeting of the Board or any committee of the Board shall be provided in writing at the address or addresses set forth in the Company's records or such other address as may be supplied by written notice given in conformity with <u>Section 15.07</u> and shall contain (A) the date, place and time of the meeting, (B) an agenda of the matters and proposals to be considered or voted upon and (C) copies of all proposals to be considered at the meeting (including appropriate supporting information not previously distributed to the Directors). Each such notice shall be provided to each Director or committee member, as applicable, by hand, e-mail, overnight courier or the U.S. mail not less than five (5) days and not more than sixty (60) days prior to such meeting. Attendance of a Director or committee member, as applicable, at any meeting shall constitute a waiver of notice of such meeting, except where such Director or committee member attends the meeting for the express purpose of objecting to the transaction of any business on the ground that the meeting is not properly called or convened and notifies the other Directors or committee members, as applicable, at such meeting of such purpose.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(iii) <u>Meeting Agenda</u>. A Director or committee member, as applicable, may add additional matters to the agenda for a meeting by notice to the other Directors or committee members, as applicable, given not less than two (2) days prior to a meeting, which notice shall include any additional proposals being proposed by such Director or committee member, as applicable, to be considered at the meeting (including appropriate supporting information not previously distributed to the other Directors or committee members, as applicable). At the request of a Director or committee member, as applicable, and with the consent of the other Directors or committee members, the Board or committee of the Board, as applicable, may consider at a meeting a proposal not contained in such meeting agenda.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(iv) <u>Remote Communications</u>. A meeting of the Board or any committee of the Board may be held by telephone conference or similar remote communication equipment by means of which all individuals participating can be heard, and participation in such a meeting shall constitute presence in person at such meeting.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(v) <u>Minimum Number of Board Meetings</u>. Unless otherwise agreed upon by the Board in advance, including at least one (1) CTCI Director, the Board shall meet once a month during the period beginning on the Effective Date and ending on February 11,, 2026, and thereafter no less than once per Fiscal Quarter.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) <u>Quorum; Board Voting</u>.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i) <u>Quorum</u>. Attendance (either in person, by remote communication or by proxy) of a majority of the then-current Directors, including at least one (1) CTCI Director, shall constitute a quorum for the transaction of business at a duly called meeting of the Board; <u>provided</u>, <u>however</u>, that, any Director actually present that voluntarily recuses themselves from a meeting or vote shall be counted as present for quorum purposes. For the avoidance of doubt, except for a Board Observer holding a valid proxy from a Director, no Board Observer shall be taken into consideration for purposes of determining whether a quorum is present at any meeting of the Board, and no Board Observer shall be entitled to vote on any matters presented before the Board. In the event that a quorum is not present for two (2) successive duly called meetings of the Board solely due to the absence of a CTCI Director (either in person, by remote communication or by proxy), within one (1) hour following the time appointed for the second of such meetings, the remaining Directors may reconvene such meeting no earlier than forty-eight (48) hours after the originally scheduled meeting, and the attendance of a CTCI Director shall not, at such reconvened meeting, be required to constitute a quorum, and the agenda for such reconvened meeting shall be the same as that for both previously called prior meetings.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(ii) Subject to the limitations and restrictions set forth in this Agreement (including those set forth in this <u>Article VI</u>), the Board or any committee of the Board shall act by Majority Vote, with each Director being entitled to one (1) vote. A Director may vote at a meeting by a written proxy executed by that Director and delivered to the other Directors.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) <u>Action by Written Consent</u>. Any action of the Board or any committee of the Board that could be taken at a meeting may be taken by means of a written consent (without a meeting, without notice and without a vote) executed by all Directors or committee members, as applicable, whose affirmative vote or consent would have been required had a vote been held at a duly convened meeting; <u>provided</u>, that, all proposed written consents of the Board shall be submitted and circulated to each of the Directors prior to the execution of such written consent and each such executed written consent will not be effective until at least forty-eight (48) hours after giving such notice to the Directors. The Board shall use reasonable efforts to consult with at least one (1) CTCI Director prior to the taking of an action by written consent and shall provide a copy of any executed written consent to each Director not signing such written consent after such written consent becomes effective.

Section 6.07 <u>Dismissal of Director; Resignation of Director; Appointment of a Substitute Director</u>.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) <u>Removal</u>. A Director may be removed at any time from the Board (with or without cause) (i) at the written request of the designee of such Director (or, with respect to the Independent Director, as determined by a majority of the other Directors) or (ii) upon the determination by the Board that such Director is a Restricted Party.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) <u>Resignation</u>. A Director may resign at any time by giving written notice to the Board at least five (5) days prior to the effective date of such resignation.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) <u>Appointment of a Substitute Director</u>. In the event of the removal, resignation, death or incapacity of any Director, the Person(s) entitled to designate such Director shall be entitled to appoint a new Director to fill such vacancy.

Section 6.08 <u>Director Compensation</u>. The Independent Director shall receive reasonable compensation from the Company in an amount and form to be agreed upon between such Independent Director and the Board, acting by Majority Vote. The Company shall reimburse each Director for reasonable, documented out-of-pocket expenses incurred in connection with its attendance at meetings of the Board or its committees. Except as otherwise set forth in this <u>Section 6.08</u>, no Director shall be entitled to salary or other compensation for his or her services as a Director.

Section 6.09 <u>Banking</u>.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) <u>Deposits</u>. All funds of the Company shall be deposited in such bank account or accounts of federally insured bank(s) as shall be determined by the Board. Such funds shall not be co-mingled with any funds of any Holder or Director. All withdrawals therefrom shall be made upon written authorization signed by the Board or by any Person authorized to do so by the Board.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) <u>Checks, etc</u>. All checks, drafts or other orders for payment of money, notes or other evidence of indebtedness issued in the name of the Company shall be signed by the Board or by any Person authorized to do so by the Board.

Section 6.10 <u>Management Incentives</u>. The Board, in its sole discretion and from time to time, may adopt and approve a cash bonus plan or similar form of compensation plan for the benefit of the employees, consultants or service providers of the Company and shall further have discretion to issue any awards thereunder on such terms as it may determine.

Section 6.11 <u>Annual Budget</u>.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) The Company shall prepare and provide to the Board at least sixty (60) days prior to the end of any Fiscal Year (beginning with the Fiscal Year ended December 31, 2025) a proposed annual budget and operating plan for the immediately succeeding year ("<u>Annual Budget</u>"). Adoption of the Annual Budget, with such revisions thereto as the Board may determine, shall require Majority Vote of the Board (including the Independent Director); <u>provided</u>, that, to the extent that any individual line item in the proposed Annual Budget also requires consent of CTCI as a CTCI Consent Matter, such consent shall also be obtained in connection with approving such Annual Budget; <u>provided</u>, <u>further</u>, that, the proposed Annual Budget shall become effective with respect to (i) each individual line item that requires the consent of CTCI as a CTCI Consent Matter, if any, upon the consent of CTCI and consent of the Board, and (ii) each individual line item in such proposed Annual Budget that does not require consent of CTCI as a CTCI Consent Matter, upon the consent of the Board (including the Independent Director) with respect to adoption of such proposed Annual Budget (as modified by the Board, as applicable).

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) If an Annual Budget is not approved on or before the start of a Fiscal Year, then a default Annual Budget will apply to such Fiscal Year, which shall be equal to and consistent with the prior Fiscal Year's approved Annual Budget subject to the following: (i) operating expenses set forth in the prior Fiscal Year's Annual Budget will roll forward subject to an escalator of ten percent (10%), (ii) recurring maintenance capital expenditures set forth in the prior Fiscal Year's Annual Budget will roll forward and (iii) except with respect to recurring maintenance capital expenditures subject to <u>clause (ii)</u>, all other capital expenditures set forth in the prior Fiscal Year's Annual Budget will be excluded from such default Annual Budget except to the extent and only to the extent that any capital expenditure set forth in the prior Fiscal Year's Annual Budget was not actually incurred in the prior Fiscal Year.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) The Company shall prepare and provide to the Board a proposed initial Annual Budget for the Fiscal Year ending December 31, 2025 within ten (10) days following the Effective Date.

Section 6.12 <u>CTCI Consent Matters</u>.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) Notwithstanding anything to the contrary contained in this Agreement, prior to the expiration of the Standstill Period, for as long as CTCI owns any Preferred Units, the Company shall not, and shall cause each of its Subsidiaries not to, either directly or indirectly by amendment, merger, consolidation, domestication, transfer, continuance, reorganization, recapitalization, reclassification, waiver, statutory conversion, or otherwise, take any of the following actions, in each case, without the prior written consent of CTCI, and any such act or transaction that has not been approved by such consent or vote prior to such act or transaction being effected shall be null and void *ab initio*, and of no force or effect:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i) change the Business Purpose of the Company or any of its Subsidiaries or enter into a new line of business not consistent with the Business Purpose;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(ii) incur incremental indebtedness for borrowed money, other than indebtedness for borrowed money that is approved by the Board and (A) is expressly permitted by the CTTIA (as in effect as of August 11, 2025) to be incurred, (B) which may be incurred without the consent of CTCI pursuant to Section 1(h) or (i) of Annex II to the CTTIA (as in effect as of August 11, 2025), or (C) the proceeds of which will be used to first satisfy in full all Holdco Term Obligations (as such term is defined in the CTTIA (as in effect as of August 11, 2025)) in accordance with Section 9.08 of the CTTIA (as in effect as of August 11, 2025), and second redeem Preferred Units by payment of the applicable Preferred Return;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(iii) issue any New Securities, other than Excluded Issuances;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(iv) without limitation to <u>Article X</u> and <u>Section 11.07</u> (including with respect to any permitted Company Sale Transaction thereunder) and excluding the issuance of any equity by a Company Party otherwise in accordance with this Agreement (including, as applicable, subject to the consent right set forth in <u>Section 6.12(a)(iii)</u>), sell, exchange or dispose of any of the Assets of a Company Party in a transaction (or series of related transactions) with an aggregate value of more than $35,000,000, unless such sales are of obsolete or unused equipment, spare parts or inventory;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(v) except to implement any applicable Exit Funding Issue Minimum MOIC (as such term is defined in the CTTIA (as in effect as of August 11, 2025)), enter into or amend any Affiliate Contract, other than (A) an Affiliate Contract that is on arms' length terms and that is approved by the Independent Director or (B) an Affiliate Contract permitted by Section 6.09 of the CTTIA (as in effect as of August 11, 2025);

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(vi) commence or effect any initial Public Offering by a Company Party of Equity Securities or other offer or sale of Equity Securities pursuant to a registration statement filed with the Commission;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(vii) (A) implement or modify any accounting or income tax policies, (B) make (or choose to make) or change any available tax election (including as to the tax classification of a Company Party) or (C) change the tax structure, in each case, of a Company Party in a manner that would have a materially disproportionate and adverse effect on the Preferred Holders (as compared to Holders of any other class of Units), in each case unless such implementation, modification or change is required by Law or GAAP; or

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(viii) amend, alter or repeal <u>Article I</u>, <u>Section 3.05</u>, <u>Article V</u>, <u>Section 6.01(b)</u>, <u>Section 6.03(a)(ii)</u>, <u>Section 6.03(c)</u>, <u>Section 6.04</u>, <u>Section 6.06(a)(ii)</u>, <u>Section 6.06(a)(v)</u>, <u>Section 6.06(b)</u>, <u>Section 6.12</u>, <u>Article IX</u>, <u>Article X</u> or <u>Article XI</u> of this Agreement or the constitutional document of any Subsidiary referencing <u>Section 6.12</u> or <u>Article X</u> of this Agreement, in each case, in a way that would remove or materially and adversely (as with respect to CTCI) alter CTCI's rights in respect of the foregoing.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) Notwithstanding anything to the contrary contained in this Agreement, from and after the expiration of the Standstill Period, for as long as CTCI owns any Preferred Units, the Company shall not, and shall cause each of its Subsidiaries not to, either directly or indirectly by amendment, merger, consolidation, domestication, transfer, continuance, reorganization, recapitalization, reclassification, waiver, statutory conversion, or otherwise, take any of the following actions, in each case, without the prior written consent of CTCI (such consent not to be unreasonably withheld, conditioned or delayed), and any such act or transaction that has not been approved by such consent or vote prior to such act or transaction being effected shall be null and void *ab initio*, and of no force or effect:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i) change the Business Purpose of the Company or any of its Subsidiaries or enter into a new line of business not consistent with the Business Purpose;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(ii) incur incremental indebtedness for borrowed money, other than indebtedness for borrowed money that is approved by the Board and (A) is expressly permitted by the CTTIA (as in effect as of August 11, 2025) to be incurred, (B) which may be incurred without the consent of CTCI pursuant to Section 1(h) or (i) of Annex II to the CTTIA (as in effect as of August 11, 2025), or (C) the proceeds of which will be used to first satisfy in full all Holdco Term Obligations (as such term is defined in the CTTIA (as in effect as of August 11, 2025)) in accordance with Section 9.08 of the CTTIA (as in effect as of August 11, 2025), and second redeem the Preferred Units by payment of the Preferred Return;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(iii) except to implement any applicable Exit Funding Issue Minimum MOIC (as such term is defined in the CTTIA (as in effect as of August 11, 2025)), enter into or amend any Affiliate Contract, other than (A) an Affiliate Contract that is on arms' length terms and that is approved by the Independent Director or (B) an Affiliate Contract permitted by Section 6.09 of the CTTIA (as in effect as of August 11, 2025);

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(iv) (A) implement or modify any accounting or income tax policies, (B) make (or choose to make) or change any available tax election (including as to the tax classification of a Company Party) or (C) change the tax structure, in each case, of a Company Party in a manner that would have a materially disproportionate and adverse effect on the Preferred Holders (as compared to Holders of any other class of Units), in each case unless such implementation, modification or change is required by Law or GAAP; or

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(v) amend, alter or repeal <u>Article I</u>, <u>Section 3.05</u>, <u>Article V</u>, <u>Section 6.01(b)</u>, <u>Section 6.03(a)(ii)</u>, <u>Section 6.03(c)</u>, <u>Section 6.04</u>, <u>Section 6.06(a)(ii)</u>, <u>Section 6.06(a)(v)</u>, <u>Section 6.06(b)</u>, <u>Section 6.12</u>, <u>Article IX</u>, <u>Article X</u> or <u>Article XI</u> of this Agreement or the constitutional document of any Subsidiary referencing <u>Section 6.12</u> or <u>Article X</u> of this Agreement, in each case, in a way that would remove or materially and adversely (as with respect to CTCI) alter CTCI's rights in respect of the foregoing.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) Notwithstanding anything to the contrary in this Agreement, CTCI shall be deemed to have consented to any consent request hereunder (including with respect to the matters set forth in this <u>Section 6.12</u>) that has been duly delivered to 15721 Park Row, Suite 300, Houston, Texas 77084 (or such other physical address provided by CTCI in accordance with <u>Section 15.07(b)</u>) in accordance with <u>Section 15.07(a)</u> clause (i), (iii) or (iv) and clearly marked on the envelope and on document name as **CONSENT REQUEST** (a "<u>Consent Request</u>") if (x) it shall not have objected thereto by written notice to the Company within thirty (30) days after having received the applicable Consent Request and (y) the Company provided CTCI with a second written notice of the applicable Consent Request at least ten (10) days prior to the end of the 30-day period in <u>clause (x)</u>.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(d) For the avoidance of doubt, the consent rights set forth in this <u>Section 6.12</u> will not transfer to any Person upon CTCI's Transfer of any or all of its Preferred Units unless such Person is an Affiliate of CTCI.

Section 6.13 <u>Holder Consent</u>. Subject to <u>Section 6.12</u>, to the fullest extent permitted by Law, the Holders hereby consent to the exercise by the Board of the powers conferred on it by this Agreement.

Section 6.14 <u>Waiver of Fiduciary Duties</u>.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) In the exercise of rights and performance of duties hereunder, each Holder, each Director and their respective Affiliates will, to the fullest extent permitted by Law, have no fiduciary duties to any Holder or Company Party. Notwithstanding any other provision of this Agreement or other applicable provision of Law or equity, whenever in this Agreement any Holder or Director is permitted or required to make a decision in its capacity as a Holder or Director of the Company, such Person will be entitled to consider only such interests and factors as it desires, including its own interests (including, in the case of any such Director, the interests of one or more of the Holders that appointed such Director), and will, to the fullest extent permitted by Law, have no duty or obligation to give any consideration to any interest of or factors affecting the Company, any Holder or any other Director. Each Holder acknowledges that, subject to the limitations and restrictions set forth in this Agreement (including those set forth in this <u>Article VI</u>): (i) each member of a Holder Group may engage in material business transactions with the Company Parties, and (ii) the directors, officers or employees of each member of a Holder Group may serve as officers, directors or employees of the Company Parties.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) In performing a Holder's or a Director's duties hereunder, a Person shall be entitled to rely in good faith on the provisions of this Agreement and on information, opinions, reports or statements (including financial statements and information, opinions, reports or statements as to the value or amount of the Assets, liabilities, profits or losses of the Company or any facts pertinent to the existence and amount of Assets from which distributions might properly be paid) of the following other Persons or groups: one or more employees of a Company Party, any attorney, independent accountant, appraiser or other expert or professional employed or engaged by or on behalf of a Company Party, the Board or any committee of the Board or any other Person who has been selected with reasonable care by or on behalf of a Company Party, the Board or any committee of the Board, in each case, as to matters which such relying Person reasonably believes to be within such other Person's competence. No Holder or Director shall be personally liable under any judgment of a court, or in any other manner, for any debt, obligation or liability of the Company, whether that liability or obligation arises in contract, tort or otherwise, solely by reason of being a Holder or a Director.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) No Director shall be liable to the Company or any Holder for any loss, damage or claim incurred by reason of any act or omission performed or omitted by such Director in good faith on behalf of the Company and in a manner reasonably believed to be within the scope of authority conferred on such Director by this Agreement.

**Article VII<br>OFFICERS**

Section 7.01 <u>Officers</u>. The Board shall have the power to elect, delegate authority to and remove such officers of the Company as the Board may from time to time deem appropriate (each, an "<u>Officer</u>"). None of the Officers, in such capacity, shall be deemed to be a "manager" within the meaning of the Act. Each Officer shall serve in such capacity until removed or replaced by the Board. Any delegation of authority to an Officer to take any action must be approved, if applicable, in the same manner as would be required for the Board to approve such action directly. The Officers as of the Effective Date are set forth on <u>Schedule C</u>.

Section 7.02 <u>Fiduciary Duties of Officers</u>. The Officers, in the performance of their duties as such, will, to the fullest extent permitted by Law, have no fiduciary duties to any Holder or Company Party; <u>provided</u>, that, the Board may assign fiduciary duties to specific Officers as it deems necessary or appropriate, from time to time, in its discretion; <u>provided</u>, for the avoidance of doubt, that such assigned fiduciary duties shall not exceed those of an officer of a Delaware corporation.

Section 7.03 <u>Dismissal of Officers; Resignation of Officers</u>.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) <u>Removal</u>. The Board may dismiss any of the Company's Officers. Such dismissal may be made with or without cause at the Board's discretion.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) <u>Resignation</u>. An Officer may resign at any time by giving written notice to the Board at least sixty (60) days (or such shorter period of time as the Board may determine from time to time) prior to the effective date of such resignation; <u>provided</u>, that, if such Officer has an employment agreement in place with a Company Party which specifies a different notice period for resignation, the notice period in the employment agreement shall govern.

Section 7.04 <u>Salaries; Expenses</u>. The Company may pay Officers a salary or bonus as compensation for services rendered to the Company. Pursuant to the terms of this Agreement, such salaries or bonuses shall be determined by the Board, shall be treated as expenses of the Company and shall not be deemed to constitute distributions to the recipient of any profit, loss or capital of the Company.

**Article VIII<br>RIGHTS, LIABILITIES, POWERS AND OBLIGATIONS OF HOLDERS**

Section 8.01 <u>Assets of the Company; No Compensation</u>. A Holder shall have no interest in specific Assets of the Company. No Holder, in its capacity as such, shall be entitled to any salary, draw or other compensation from the Company.

Section 8.02 <u>Waiver of Certain Rights</u>. To the maximum extent permitted by applicable Law, each Holder irrevocably waives any right it might have to maintain any action for dissolution of the Company, to maintain any action for partition of the Assets of the Company or to cause the appointment of a receiver for all or any portion of the Assets of the Company.

Section 8.03 <u>Powers</u>. Except as otherwise provided herein, the powers of the Holders shall include all powers provided or contemplated in the Act and all powers as generally pertain or are necessarily incidental thereto.

Section 8.04 <u>No Liability of Holders</u>. Except as required by any non-waivable provision of the Act or expressly provided herein or in any separate written instrument signed by the applicable Holder, the debts, Losses, Contracts and other obligations of the Company (whether arising in contract, tort or otherwise) shall be solely the debts, Losses, Contracts and other obligations of the Company, and no Holder in its capacity as such shall be liable personally for any debts, Losses, Contracts or any other obligations of the Company or any other Holder. No Holder shall have any responsibility to contribute to or in respect of the liabilities or obligations of the Company or to return distributions made by the Company, except as expressly provided herein or required by any non-waivable provision of the Act. However, if any court of competent jurisdiction orders, holds or determines that, notwithstanding the provisions of this Agreement, any Holder is obligated to make any such contribution or make any such return, such obligation shall be the obligation of such Holder and not of any other Person.

Section 8.05 <u>Rights as Lenders</u>. Notwithstanding anything to the contrary contained in this Agreement, ownership of the Units and any other Equity Securities of the Company will not impair any Holder's rights as a lender to the Company Parties under the Holdco Claim Documents or any other Contract pursuant to which such Holder is a lender to any Company Party.

Section 8.06 <u>Transactions with the Company; Compensation</u>. The Holders expressly acknowledge and agree that the Company may, subject to the limitations and restrictions set forth in this Agreement (including those set forth in <u>Article VI</u>), from time to time, enter into one or more transactions or agreements with any Holder, Officer, Director or Affiliate of any of the foregoing, in each case, on such terms as the Board may deem appropriate in its reasonable judgment.

Section 8.07 <u>Waiver of Business Opportunities</u>.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) The Company and each Holder recognizes and acknowledges (i) that each other Holder (A) has been and is engaged in, and is expected to engage in, on or after the Effective Date, directly or indirectly, many aspects of the business of the Company Parties and the energy, infrastructure and asset management industries and participates in, and is expected to continue to participate in, existing and future funds, investment vehicles, operating companies, portfolio companies and other entities, including operating companies, portfolio companies and other entities whose businesses relate to the business of the Company Parties and who transact in a variety of assets, including real estate, energy and other assets, and who also engage in a variety of commercial and financial transactions with counterparties in industries that may include those of the Company Parties and may otherwise be, are or will be competitive with the business of the Company Parties or that could otherwise be suitable for the Company Parties (the "<u>Other Businesses</u>"), (B) has interests in, participates with, aids and maintains seats on the boards of directors or other governing bodies of, its Other Businesses and (C) may develop or become aware of business opportunities for its Other Businesses, and (ii) each Holder Group may or will have conflicts of interest or potential conflicts of interest with any of the Company Parties, their Affiliates or other Holders as a result of or arising from the Other Businesses and the nature of such Holder Group's applicable business and other factors.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) The Company and each Holder agree that: (i) any member of any other Holder Group may engage, participate or invest in, or otherwise be involved with, any Other Businesses or other business opportunity of any nature, whether or not competitive with the businesses or activities of the Company Parties, and neither the Company Parties nor any other Holder will have any right by virtue of this Agreement or the relationship created hereby in or to such Other Businesses, (ii) nothing in this Agreement will prohibit any member of a Holder Group from engaging in any Other Businesses or other business opportunity for its own account, (iii) nothing in this Agreement will require any member of a Holder Group to make any business opportunity available to the Company Parties or any other Holder and (iv) to the fullest extent permitted by applicable Law, the legal doctrines of "business opportunity" and similar doctrines will not be applied to any Other Businesses, and each other Holder and the Company (on behalf of itself and each other Company Party) each hereby renounces any interest, expectancy or other rights or interests in any Other Businesses or any other business opportunity in which any member of a Holder Group participates, including those that may relate to the business of the Company Parties.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) This <u>Section 8.07</u> shall not be deemed to alter the contractual obligations of any member of a Holder Group to any other Person pursuant to this Agreement or any other agreement to which it is a party.

**Article IX<br>BOOKS AND RECORDS; TAX MATTERS; INFORMATION RIGHTS**

Section 9.01 <u>Books and Records</u>.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) The Company shall keep or cause to be kept at the principal office of the Company appropriate books and records with respect to the Company's business, including (i) a record that contains the minutes of the proceedings of the meetings and written consents of the Board and of the Holders, (ii) a record of the names and addresses of all Holders and the Units held by each Holder, (iii) true, complete and correct books and records of account, taxes and financial information for the Company Parties, (iv) complete records of all material information pertaining to health, safety and environmental matters and (v) such other books of records and accounts as may be necessary for, convenient for or incidental to the proper conduct of the business of the Company.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) The financial books of the Company shall (i) be maintained, for financial reporting purposes, on an accrual basis in accordance with GAAP and applicable Law, (ii) be audited by an independent public accounting firm at the end of each Fiscal Year, which firm shall be designated by the Board and (iii) show in reasonable detail all costs, expenditures, sales, receipts, Assets and liabilities, profits and losses of the Company Parties.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) All decisions as to accounting matters, except as specifically provided to the contrary herein, shall be made by the Board.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(d) Funds of the Company shall be deposited in such banks or other depositories as shall be designated from time to time by the Board. All withdrawals from any such depository shall be made only as authorized by the Board and shall be made only by check, wire transfer, debit memorandum or other written instruction.

Section 9.02 <u>Inspection by Holders</u>. Each Holder shall have the right, upon reasonable notice and at all reasonable times during usual business hours, for any proper purpose reasonably related to such Holder's Units, to examine the books of account and other records of the Company. If any such inspection or examination asserts a discrepancy in the books and records of the Company Parties, then the Board shall take any actions it considers reasonably necessary to resolve such discrepancy promptly following the determination of such discrepancy. Such inspection and examination rights may be exercised through any agent or employee of such Holder designated in writing by it or by an independent public accountant, engineer, attorney or other consultant so designated. All costs and expenses incurred in any inspection or examination made on such Holder's behalf shall be borne by such Holder.

Section 9.03 <u>Fiscal Year of the Company</u>. The Company's accounting period shall be the Fiscal Year.

Section 9.04 <u>Tax Returns; Tax Reporting Information</u>. At the Company's expense, the Board shall instruct a certified public accountant to prepare in a timely manner after the end of each Fiscal Year all federal, state and local tax returns for the Company for such year.

Section 9.05 <u>Entity Classification Election</u>. The Company shall be treated as an association taxable as a corporation for U.S. federal income tax purposes effective as of the date of formation. The Holders agree to take no action which will jeopardize such treatment and to take no tax or accounting position inconsistent with such treatment.

Section 9.06 <u>Financial Statements; Information Rights</u>. The Company shall coordinate and prepare, or cause to be prepared, and shall submit to the Holders, the following statements, reports and notices:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) <u>Annual Statements</u>. Within one-hundred fifty (150) days after the close of each Fiscal ‎Year of the Company, the Company will deliver to each Holder annual consolidated financial statements of the Company Parties, prepared in accordance with GAAP and audited and certified by an independent public accounting firm of nationally recognized standing that is acceptable to the Board.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) <u>Quarterly Statements</u>. Within ninety (90) days after the end of each Fiscal Quarter of ‎the Company during the 2025 and 2026 Fiscal ‎Years, and within sixty (60) days after the end of each subsequent Fiscal Quarter of the Company, the Company will deliver to each Holder ‎unaudited quarterly consolidated financial statements of the Company Parties, prepared in accordance with GAAP (except that such financial statements may (i) be subject to normal year-end audit adjustments and (ii) not contain all notes thereto that may be required under GAAP) as of the close of such Fiscal Quarter.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) <u>Monthly Reports</u>. The Company will deliver to each Holder monthly summary financial and operating information with respect to the Company Parties within three (3) Business Days of receipt by any other Holder of such information in the same form such information was provided to such other Holder.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(d) <u>Termination of Information Rights</u>. The information rights granted pursuant to this <u>Section 9.06</u> will immediately and automatically lapse and terminate with respect to any Holder upon the date upon which such Holder no longer holds any Equity Securities in the Company.

Section 9.07 <u>Other Tax Matters</u>. For U.S. federal and applicable state and local income tax purposes, the Company and the Holders agree that (a) it is their intention that the Preferred Return or any other amounts that accrue or compound in respect of the Units (including for this purpose any indebtedness treated as equity of the Company for U.S. federal or other applicable tax purposes pursuant to the following <u>clause (b)</u>) shall not be reported, on the Company's tax returns or otherwise (including information returns and IRS Forms 1099), as distributions (constructive or otherwise) required to be included in income by the applicable Holders or their direct or indirect owners (including, for the avoidance of doubt, under Section 305 of the Code) unless and until (and only to the extent) such amounts are declared as dividends and paid in cash (the "<u>Intended Tax Treatment</u>"); and (b) if and to the extent reasonably and in good faith determined by the Board in consultation with the Holders, certain indebtedness issued by the Company may be treated as equity in the Company and, in such an event, constitute "Units" for the portions of this Agreement as so determined by the Board. The Company shall (x) promptly notify the Holders if the Intended Tax Treatment is challenged by any taxing authority and, to the extent requested by the Holders, fully cooperate to implement an alternative structure that preserves the Intended Tax Treatment; (y) promptly inform the Holders in the event it intends to report, on a tax return or otherwise, any of the Company's indebtedness as constituting equity in the Company for U.S. federal or other applicable tax purposes and (z) fully cooperate with the Holders in connection with the preparation and filing of any tax returns and any audit, litigation or other proceeding with respect to the matters described in this <u>Section 9.07</u>.

Section 9.08 <u>Tax Forms</u>. Each Holder (including, for the avoidance of doubt, any permitted transferee of a Holder) shall provide to the Company a duly executed IRS Form W-9 or the applicable version of IRS Form W-8, as the case may be, on or prior to the Effective Date (or, in the case of a transferee, on or prior to the applicable transfer) and from time to time upon the reasonable request by the Company.

**Article X<br>STANDSTILL PERIOD**

Section 10.01 <u>Restrictions During Standstill Period</u>. Notwithstanding any other provision of this Agreement, during the Standstill Period, in no event shall any Company Party initiate a Bankruptcy, a Company Sale Transaction, or a Drag-Along Sale unless such Bankruptcy, Company Sale Transaction, or Drag-Along Sale, as applicable, is either (a) approved by both CTCI and the Board (including at least one (1) CTCI Director) or (b) approved by the Board and, in connection with such Bankruptcy, Company Sale Transaction, or Drag-Along Sale, as applicable, all Holdco Term Obligations (as such term is defined in the CTTIA (as in effect as of August 11, 2025)) will be paid in full in accordance with Section 9.08 of the CTTIA (as in effect as of August 11, 2025) and each Preferred Unit will be redeemed in cash and/or marketable securities in exchange for receipt (when taken together with any prior distributions in respect of such Preferred Unit) of its then-current Preferred Return.

Section 10.02 <u>Post-Standstill Period</u>. For the avoidance of doubt, with respect to any Company Sale Transaction or Drag-Along Sale that is consummated after the end of the Standstill Period, (a) there shall be no minimum return requirement with respect to consideration received by any Holder, and (b) subject to approval by the Board, any such Company Sale Transaction or Drag-Along Sale, as applicable, may be in exchange for no consideration with respect to one or more classes of Units, in which case such then-outstanding Units not entitled to consideration in connection with such Company Sale Transaction or Drag-Along Sale, as applicable, would be deemed to be automatically canceled upon consummation of such Company Sale Transaction or Drag-Along Sale, as applicable, for no consideration.

**Article XI<br>TRANSFER OF UNITS; ADMISSION OF NEW HOLDERS**

Section 11.01 <u>Transfers</u>. A Holder (a "<u>Transferring Holder</u>") shall not Transfer (or permit a Transfer of) all or any portion of its Units except in accordance with this <u>Article XI</u>. Any Transfer (or purported Transfer) that is made or effected in contravention of or with the intent to circumvent the restrictions on Transfers set forth in this <u>Article XI</u> shall be null and void *ab initio*, and the Company shall not recognize any such Transfer. In addition to such rights and remedies as the Company and each non-transferring Holder (each a "<u>Non-Transferring Holder</u>") may have against the Transferring Holder, the Transferring Holder and the purported transferee will take all action required to void such Transfer. Except upon a Transfer of all of a Holder's Units in accordance with this <u>Article XI</u>, no Holder shall have the right to withdraw as a Holder of the Company.

Section 11.02 <u>Conditions Precedent to a Unit Transfer</u>. Each Transfer of a Unit (whether direct or indirect) shall be subject to the terms hereof, and, as a condition precedent to the Company recognizing such Transfer, each Transferring Holder must satisfy all the requirements and not violate any of the Transfer restrictions set forth in this <u>Article XI</u>, and each Transfer must meet the following conditions; <u>provided</u>, that, the Board may, to the extent permitted by applicable Law, waive any of the conditions set forth in <u>clauses (a)</u> through <u>(f)</u> of this <u>Section 11.02</u>:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) Such Transfer must be exempt from all registration requirements under the Securities Act and other applicable state and federal securities Laws applicable to the Company or the Units to be Transferred, and such Transfer must not violate any state or federal securities Laws applicable to the Company or the Units to be Transferred.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) In the case of a direct Transfer, a transferee must agree in writing to be subject to all of the terms of this Agreement (including the representations set forth in <u>Section 4.05</u>) by executing and delivering a joinder agreement to the Company, in form and substance acceptable to the Board, a copy of which shall be delivered to each Non-Transferring Holder.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) Except in the case of an involuntary Transfer by operation of Law, the Transferring Holder and transferee shall execute and deliver to the Company such documents and instruments of conveyance as may be reasonably necessary or appropriate to effect such Transfer. In the case of an involuntary Transfer by operation of Law, the Transfer shall be confirmed by presentation to the Company of legal evidence of such Transfer, in form and substance reasonably satisfactory to counsel to the Company.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(d) Such Transfer must not cause the Company to be deemed to be an "investment company" under the Investment Company Act of 1940.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(e) Such Transfer must not be to a transferee that is a Restricted Party.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(f) Such Transfer must not be to a transferee that is a competitor of the Company Parties as determined in advance of any Transfer by the Board (including the Independent Director).

Section 11.03 <u>Effect of Admission as a Substituted Holder</u>. A transferee who has become a Substituted Holder shall have, to the extent of the Transferred Units, all the rights, powers and benefits of, and is subject to the obligations, restrictions and liabilities of a Holder under, the Certificate of Formation, this Agreement and the Act. Upon admission of a transferee as a Substituted Holder, the Transferring Holder of the Units so held by the Substituted Holder shall cease to be a Holder of the Company to the extent of such Transferred Units.

Section 11.04 <u>No Dissolution</u>. If a Holder Transfers all of its Units pursuant to this <u>Article XI</u>, such transferee shall be admitted to the Company as a Holder effective on the effective date of the Transfer, and the Company shall not dissolve pursuant to <u>‎Article XII</u>.

Section 11.05 <u>Expenses</u>. A Transferring Holder shall pay and reimburse the Company for all reasonable, documented out-of-pocket expenses incurred by the Company in connection with a Transfer of such Holder's Units, including any attorney's fees of the Company and any Transfer costs imposed in connection therewith.

Section 11.06 <u>Distributions in Respect to Transferred Interests</u>. If any Units are Transferred, or any Person is otherwise admitted as a Holder of the Company, during any Fiscal Year or period in compliance with the provisions of this <u>Article XI</u>, all distributions on or before the effective date of such Transfer shall be made to the Transferring Holder and all distributions thereafter shall be made to the transferee. Neither the Company nor the Board shall incur any liability for making allocations and distributions in accordance with the provisions of this <u>Section 11.06</u>.

Section 11.07 <u>Drag-Along Rights</u>.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) <u>General</u>.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i) Subject to <u>Section 10.01</u>, if at any time after the Effective Date the Board elects by Majority Vote to consummate a sale or transfer, in a bona fide arm's length transaction or series of related transactions (whether by way of purchase agreement, tender offer, merger, consolidation, business combination, equity sale or issuance or other similar transaction) of (x) all or substantially all of the issued and outstanding Units or (y) all or substantially all of the Assets of the Company Parties (a "<u>Drag-Along Sale</u>"), then, in such case the Company may, subject to the other provisions of this <u>Section 11.07</u>, require each Holder (each, a "<u>Drag-Along Holder</u>") to Transfer all of such Holder's Units to a Person or Persons (other than any Person that is an Affiliate of any Drag-Along Holder) in the manner set forth in this <u>Section 11.07</u>; <u>provided</u>, that, with respect to any such Drag-Along Sale that will be consummated prior to the end of the Standstill Period, the Preferred Holders shall only be obligated to participate in such Drag-Along Sale if, as a result of such Drag-Along Sale, (x) all Holdco Term Obligations (as such term is defined in the CTTIA (as in effect as of August 11, 2025)) will be repaid in full in accordance with Section 9.08 of the CTTIA (as in effect as of August 11, 2025) and (y) such Preferred Holders will (A) receive consideration in an amount sufficient to cause the Preferred Holders to achieve their then-current Preferred Return and (B) be automatically redeemed upon receipt of such consideration pursuant to the terms and conditions set forth in <u>Section 5.05</u>; <u>provided</u>, <u>further</u>, that, for the avoidance of doubt, with respect to any such Drag-Along Sale that will be consummated after the end of the Standstill Period,(I) there shall be no minimum return requirement with respect to consideration received by any Holder and (II) subject to approval by the Board, any such Drag-Along Sale may be in exchange for no equity consideration or in exchange for consideration that may result in Holders of certain classes of Units receiving no consideration, in which case then-outstanding Units not entitled to consideration in connection with such Drag-Along Sale would be deemed to be automatically canceled upon consummation of such Drag-Along Sale for no consideration.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(ii) Subject to <u>Section 11.07(b)</u>, each Holder will Transfer its Units on substantially the same terms and conditions, at the price calculated in accordance with <u>Section 11.07(a)(iii)</u>, and each Holder will receive the same form of consideration.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(iii) The aggregate purchase price payable in connection with the Drag-Along Sale will be allocated among the Holders, subject to <u>Section 11.07(b)</u>, in the same proportion that each such Holder would have received if such aggregate purchase price had been distributed by the Company in a complete liquidation pursuant to the rights and preferences set forth in <u>Section 12.03</u> as in effect immediately prior to such Drag-Along Sale, and if a Holder receives consideration from such Drag-Along Sale in a manner other than as contemplated by such rights and preferences or in excess of the amount to which such Holder is entitled in accordance with such rights and preferences, then such Holder shall take such action as is necessary so that such consideration shall be immediately reallocated among and distributed to the Holders in accordance with such rights and preferences.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) <u>Terms of Sale</u>.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i) In connection with a Drag-Along Sale, each Drag-Along Holder shall execute such documents (other than (A) any non-competition, non-solicitation or other similar covenants restricting the future business opportunities and activities or employee hiring or solicitation opportunities and activities of such Drag-Along Holder or (B) any release of claims other than a release in customary form of claims arising solely in such Drag-Along Holder's capacity as a Holder of the Company) and make such customary representations and warranties with respect to title, power and authority, organization and good standing, enforceability, absence of liens or encumbrances and adverse claims, absence of conflicts, absence of consents and approvals and absence of brokers ("<u>Fundamental Representations</u>"), and such covenants and indemnities, in each case, solely as to itself, as are executed and made by each other Drag-Along Holder and its Affiliates (as applicable); <u>provided</u>, that, any indemnification or other obligations as among such Drag-Along Holders will be apportioned *pro rata* (based on the purchase price proceeds to be received by each Drag-Along Holder in such Drag-Along Sale) as among them (and each such Drag-Along Holder shall be severally, but not jointly, liable for its *pro rata* apportionment), other than any indemnification or other obligations with respect to such Drag-Along Holder's Fundamental Representations, to the extent such Fundamental Representations relate individually to such Drag-Along Holder, its Units and its participation in the Drag-Along Sale and representations qualified by the individual knowledge of such Drag-Along Holder (the indemnification and other obligations in respect of which shall be borne solely by such Drag-Along Holder); <u>provided</u>, <u>further</u>, that, without the written consent of the applicable Drag-Along Holder, in no event shall such Drag-Along Holder's liability for indemnity obligations with respect to representations and warranties exceed the net cash proceeds to be received by such Drag-Along Holder in such Drag-Along Sale, except in the case of fraud by such Drag-Along Holder; <u>provided</u>, <u>further</u>, that, such Drag-Along Holder and its Affiliates will not be required to amend, extend or terminate any contractual or other relationship with the Company, the acquirer or their respective Affiliates, except that such Drag-Along Holder may be required to agree to terminate the investment-related documents between or among such Drag-Along Holder, the Company and/or other Holders of the Company; <u>provided</u>, <u>further</u>, that, upon the consummation of the Drag-Along-Sale, each Drag-Along Holder will receive the same form of consideration for the applicable Units as the other Holders of the Units sold by such Drag-Along Holder.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(ii) Each Drag-Along Holder agrees that any indemnification or other obligations or liabilities of the Company with respect to a Drag-Along Sale shall be shared and apportioned *pro rata* among such Drag-Along Holders to the extent the amount of such indemnification or other obligations or liabilities of the Company exceed the amount of reserves established therefor, and each Drag-Along Holder agrees to enter into a contribution and indemnity or similar agreement with respect thereto; <u>provided</u>, <u>however</u>, that, in no event shall the liability apportioned to any Drag-Along Holder exceed the value of the consideration received by such Drag-Along Holder in connection with the Drag-Along Sale.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(iii) In connection with any Drag-Along Sale, subject to compliance with the other provisions of this <u>Section 11.07</u>, each Holder agrees to (A) consent to and raise no objections against the Drag-Along Sale or the process pursuant to which the Drag-Along Sale was arranged, (B) waive and confirm such Holder has no dissenter's rights, appraisal rights or other similar rights (it being acknowledged that the Holders have agreed pursuant to <u>Section 11.09</u> that they shall not have any such rights absent an express provision in the applicable agreement of merger, consolidation or other document effectuating such Transfer or other transaction granting them), (C) perform all actions reasonably required or requested by the Board to consummate such Drag-Along Sale and (D) comply with the terms of the documentation relating to the Drag-Along Sale.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) <u>Drag-Along Notice</u>.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i) The rights set forth in this <u>Section 11.07</u> will be exercised by the Company, upon receipt of approval of the Board, by giving written notice (the "<u>Drag-Along Notice</u>") to each Holder, at least twenty (20) days prior to the date on which the Company expects to consummate the Drag-Along Sale. In the event that the material terms or conditions set forth in the Drag-Along Notice are thereafter amended, the Company shall promptly (and in any event within five (5) days) give written notice (an "<u>Amended Drag-Along Notice</u>") of the amended material terms and conditions of the proposed Transfer to each Holder.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(ii) Each Drag-Along Notice and Amended Drag-Along Notice will include a true and complete unredacted copy of the purchase agreement for such transaction, and any and all side letters and other transaction documents related thereto, and shall set forth at least: (A) the name and address of the proposed transferee/purchaser (the "<u>Drag-Along Transferee</u>") in the Drag-Along Sale, (B) the proposed amount and form of consideration and terms and conditions of payment offered by the Drag-Along Transferee and the calculation of the amount payable to each Drag-Along Holder and (C) all other material terms of the proposed transaction, including the expected closing date of the transaction if known by the Company.

Section 11.08 <u>Tag-Along Rights</u>.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) <u>General</u>. Subject to <u>Section 11.08(f)</u>, and other than an Excluded Preferred Transfer or a Transfer in connection with a Drag-Along Sale, in the event of any intended or desired Transfer of any or all of the Preferred Units held by a Preferred Holder (such Transfer, a "<u>Tag-Along Transfer</u>", the Preferred Holder proposing to Transfer its Preferred Units, the "<u>Tag-Along Transferring Holder</u>" and such Preferred Units being Transferred, the "<u>Tag Sale Offered Units</u>") (to the extent permitted under the other provisions of this Agreement), such Tag-Along Transferring Holder shall promptly give written notice (the "<u>Tag Sale Notice</u>") to the Company and each other Preferred Holder (each a "<u>Tag Rights Holder</u>"), which Tag Sale Notice shall set forth (i) the Tag Sale Offered Units to be Transferred and (ii) the terms and conditions of such proposed Tag-Along Transfer (and shall include copies of any written proposal or agreements related to the proposed Tag-Along Transfer), including the identity of the proposed transferee, the per-Unit purchase price proposed to be paid for the Tag Sale Offered Units, the timing of such Tag-Along Transfer, the payment terms and type of Transfer to be effectuated, and any other material terms and conditions thereof.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) <u>Tag-Along Exercise Notice</u>. Each Tag Rights Holder shall have the right, exercisable by written notice (a "<u>Tag-Along Exercise Notice</u>") given to the Tag-Along Transferring Holder and the Company within fifteen (15) days after receipt of the Tag Sale Notice by such Tag Rights Holder (the "<u>Tag-Along Exercise Period</u>"), to elect (which such election shall be irrevocable) to participate in such Tag-Along Transfer and Transfer all or a portion of such Tag Rights Holder's Preferred Units, up to a number of Preferred Units equal to, as of the date of determination, the total number of Preferred Units held by such Tag Rights Holder multiplied by a fraction, the numerator of which is the number of Tag Sale Offered Units and the denominator of which is the total number of Preferred Units held by the Tag-Along Transferring Holder (such portion elected to be Transferred, the "<u>Tag-Along Units</u>") to the proposed transferee identified in the Tag Sale Notice, on the same terms and conditions as set forth in the Tag Sale Notice. For the avoidance of doubt, the consideration received in any Tag-Along Transfer in which any Preferred Holder participates is not required to result in achievement of the Preferred Return. If a Tag Rights Holder does not submit a Tag-Along Exercise Notice within the Tag-Along Exercise Period, such Tag Rights Holder shall be deemed to have waived the right to Transfer any portion of such Tag Rights Holder's Preferred Units to such proposed transferee in connection with such Tag-Along Transfer.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) <u>Tag-Along Exercising Holder</u>. If any Tag Rights Holder submits a Tag-Along Exercise Notice within the Tag-Along Exercise Period (a "<u>Tag-Along Exercising Holder</u>"), then (i) such Tag-Along Exercising Holder may include such Tag-Along Exercising Holder's Tag-Along Units in such Transfer, (ii) any such Tag-Along Units shall be Transferred to the transferee identified in the Tag Sale Notice, on the same terms and conditions as set forth in the Tag Sale Notice and (iii) the Tag-Along Transferring Holder may not Transfer any portion of its Tag Sale Offered Units unless any Tag-Along Exercising Holder's Tag-Along Units are also Transferred. Notwithstanding the foregoing, to the extent that the aggregate number of Tag-Along Units and Tag Sale Offered Units pursuant to any Transfer exceeds the total number of Preferred Units that a proposed transferee is willing to purchase, the number of Preferred Units to be transferred by each Tag-Along Exercising Holder and the Tag-Along Transferring Holder shall be reduced such that a *pro rata* portion of each of the Tag-Along Exercising Holders' and the Tag-Along Transferring Holder's Tag-Along Units or Tag Sale Offered Units, as applicable, are sold to such transferee.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(d) <u>Documentation of Tag Sale</u>. Subject to <u>Section 11.08(f)</u>, each Tag-Along Exercising Holder shall execute such documents and make such customary representations and warranties, and such covenants and indemnities, in each case, solely as to itself, as are executed and made by the Tag-Along Transferring Holder.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(e) <u>No Tag-Along Exercising Holder</u>. If there is no Tag-Along Exercising Holder, then the Tag-Along Transferring Holder may Transfer its Tag Sale Offered Units to the transferee identified in the Tag Sale Notice on the terms and conditions set forth in the Tag Sale Notice, subject to the other provisions of this Agreement; <u>provided</u>, that, if such Transfer has not been consummated within one hundred twenty (120) days after the date of the Tag Sale Notice, then the Tag-Along Transferring Holder will be required to again comply with the procedures set forth in this ‎<u>Section 11.08</u>.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(f) <u>Limitations</u>. Notwithstanding anything herein to the contrary, (i) a Tag-Along Exercising Holder shall not be required to (A) make any representations and warranties to the transferee identified in the Tag Sale Notice other than Fundamental Representations and investment qualifications or (B) enter into any non-solicitation, non-competition or similar covenants restricting the future business opportunities and activities or employee hiring or solicitation opportunities and activities of such Tag-Along Exercising Holder or its Affiliates; and (ii) to the extent the parties are to provide any indemnification or assume any post-closing liabilities, each Tag-Along Exercising Holder and the Tag-Along Transferring Holder shall do so severally, but not jointly (and on a *pro rata* basis in accordance with the relative value of consideration received by the Tag-Along Transferring Holder and each Tag-Along Exercising Holder), and the aggregate amount of liability for a Tag-Along Exercising Holder shall not exceed the U.S. dollar value of the total consideration to be paid by the transferee to such Tag-Along Exercising Holder, except in the case of fraud by such Tag-Along Exercising Holder.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(g) <u>Expenses</u>. The Tag-Along Transferring Holder and Tag-Along Exercising Holders shall each be responsible for their own costs and expenses to the extent incurred in connection with a Tag-Along Transfer.

Section 11.09 <u>No Appraisal Rights</u>. Except as otherwise expressly provided by this Agreement, no Holder shall be entitled to any appraisal rights (or dissenter's rights or other similar rights whatsoever) with respect to such Holder's Units or any other interest in the Company, whether individually or as part of any class or group of Holders, in the event of a merger, consolidation or Company Sale Transaction or other Transfer or transaction involving the Company or its securities unless such rights are expressly provided by the agreement of merger, agreement of consolidation or other document effectuating such Transfer or other transaction.

**Article XII<br>LIQUIDATION**

Section 12.01 <u>Liquidation Events</u>.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) The Company shall be dissolved and its affairs shall be wound up on the first to occur of the following (each a "<u>Liquidation Event</u>"): (i) the determination of the Board to dissolve the Company, (ii) the termination of the legal existence of the last remaining Holder of the Company or the occurrence of any other event which terminates the continued membership of the last remaining Holder of the Company in the Company unless the Company is continued without dissolution in a manner permitted by the Act or (iii) the entry of a decree of judicial dissolution of the Company under Section 18-802 of the Act.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) Except as otherwise provided in this <u>Section 12.01</u>, to the maximum extent permitted by the Act, the death, retirement, resignation, expulsion, Bankruptcy or dissolution of a Holder shall not constitute a Liquidation Event and, notwithstanding the occurrence of any such event or circumstance, the business of the Company shall be continued without dissolution.

Section 12.02 <u>Liquidation of Assets</u>. Upon occurrence of a Liquidation Event, the Board shall arrange for liquidation of the Company's Assets and cause such liquidation to be carried out as promptly as is consistent with realization of Fair Market Value. The Board shall have full power and authority to:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) sell, at such prices and upon such terms as it may deem appropriate, any or all of the Company's Assets, provided that such sales shall be made for cash to the fullest extent practicable;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) incur such fees, costs and expenses for the account of the Company as may be reasonable and necessary or advisable to accomplish such liquidation; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) defer and withhold from the liquidation the Company's Assets if, in its best judgment, such action is in the best interests of the Company creditors and the Holders.

Pending the liquidation provided for herein, the Board shall have the power and authority to manage and otherwise operate the Company's Assets and to pay or provide for payment and discharge of the Company's debts, obligations and liabilities, whether accrued, absolute, fixed or contingent.

Section 12.03 <u>Distributions in Liquidation</u>.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) Upon the dissolution of the Company and incident to the winding up of the Company's business and affairs, the Board shall pay or make provision for the payment of all liabilities and obligations of the Company, actual or contingent, and all expenses of liquidation in the order of priority set forth below:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i) First, to the payment and discharge of all the Company's debts and liabilities to creditors, including Holders who are creditors; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(ii) Second, any remaining Assets then to be distributed to the Holders proportionately in accordance with <u>Section 5.02</u> and <u>Section 5.04</u>. For avoidance of doubt, any such remaining Assets shall be first distributed pursuant to <u>Section 5.02(a)</u> until each Preferred Holder has received the Preferred Return with respect to each Preferred Unit held by such Preferred Holder.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) Any amounts deemed reasonably necessary by the Board to provide a reserve for any unforeseen liabilities and obligations may, in the Board's or liquidator's discretion, be deposited in a bank or trust company upon such terms and for such period of time as the Board or liquidator may reasonably determine. The Assets of any such trust shall be distributed to the Holders from time to time, in the reasonable discretion of the Board, in the same proportion as the amount distributed to such trust by the Company would otherwise have been distributed to the Holders pursuant to <u>Section 5.02</u>.

**Article XIII<br>INDEMNIFICATION**

Section 13.01 <u>No Liability of Covered Persons</u>. Except as required by any non-waivable provision of the Act or expressly provided herein or in any separate written instrument signed by the applicable Covered Person, the debts, Losses, Contracts and other obligations of the Company (whether arising in contract, tort or otherwise) shall be solely the debts, Losses, Contracts and other obligations of the Company, and no Covered Person in its capacity as such shall be liable personally for any debts, Losses, Contracts or any other obligations of the Company or any Holder.

Section 13.02 <u>Exculpation</u>.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) No Covered Person shall be liable to the Company or any other Covered Person for any loss, damage or claim incurred by reason of any act or omission performed or omitted by such Covered Person on behalf of the Company that did not constitute a breach of this Agreement, except that no Covered Person shall be entitled to exculpation for any such loss, damage or claim incurred by reason of such Covered Person's (i) common law fraud, bad faith or willful misconduct and (ii) breach of his or her express fiduciary duties, as applicable, to the Company, in each case, as established by a non-appealable court order, judgment, decree or decision or pursuant to a final and binding decision of an arbitration panel.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) A Covered Person shall be fully protected in relying in good faith upon the records of the Company and upon such information, opinions, reports or statements presented to the Company by any Person as to matters the Covered Person reasonably believes are within such other Person's professional or expert competence and who has been selected with reasonable care by or on behalf of the Company, including information, opinions, reports or statements as to the value and amount of the Assets, liabilities, Available Cash or any other facts pertinent to the existence and amount of Assets from which distributions to a Holder might properly be paid.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) Except as expressly set forth in this Agreement, no Covered Person shall have any duties or liabilities, including fiduciary or other similar duties to the Company or the Holders, and the provisions of this Agreement, to the extent that they restrict, eliminate or otherwise modify the duties and liabilities of a Covered Person otherwise existing at Law or in equity, are agreed by the Holders and the Company to replace such other duties and liabilities of a Covered Person to the fullest extent permitted by Law; <u>provided</u>, <u>however</u>, that the general duty of good faith and fair dealings is owed by all Holders to the Company.

Section 13.03 <u>Indemnification of Covered Persons</u>. To the fullest extent permitted by Law, the Company shall indemnify and hold harmless each Covered Person from and against all Losses arising from or related to any act or omission performed or omitted by such Covered Person on behalf of the Company that did not constitute a breach of this Agreement or any duly stated or implied by Law (to the extent not restricted, eliminated or otherwise modified herein) and that was reasonably believed by such Covered Person to be within the scope of authority conferred on such Covered Person by this Agreement or a delegation of authority in accordance with this Agreement, except that: (a) no Covered Person shall be entitled to be indemnified in respect of any Loss by reason of such Covered Person's common law fraud, bad faith or willful misconduct, knowing and material violation of applicable securities Laws or knowing and material breach of this Agreement and (b) no Covered Person shall be entitled to be indemnified in respect of any Loss by reason of such Covered Person's breach of his or her express fiduciary duties, as applicable, to the Company, in each case, as established by a non-appealable court order, judgment, decree or decision or pursuant to a final and binding decision of an arbitration panel. Any indemnity under this <u>Section 13.03</u> shall be provided out of and to the extent of the Company's Assets only (including the proceeds of any insurance policy obtained pursuant to <u>Section 13.08</u>), and no Covered Person shall have any personal liability on account thereof. Any amendment, modification or repeal of this <u>Section 13.03</u> or any provision in this <u>Section 13.03</u> shall be prospective only and shall not in any way affect the rights of any Covered Person under this <u>Section 13.03</u> as in effect immediately prior to such amendment, modification or repeal with respect to matters occurring, in whole or in part, prior to such amendment, modification or repeal, regardless of when Losses relating to such matters may arise or be asserted.

Section 13.04 <u>Expenses</u>. To the fullest extent permitted by Law, expenses (including legal fees) incurred by a Covered Person in defending any Proceeding shall, from time to time, be advanced by the Company prior to the final disposition of such Proceeding upon receipt by the Company of an undertaking by or on behalf of the Covered Person to repay such amount if it shall be determined that the Covered Person is not entitled to be indemnified as authorized in <u>Section 13.03</u>; <u>provided</u>, <u>however</u>, that any obligation of the Company to make such advances under this <u>Section 13.04</u> shall be provided out of and to the extent of the Company's Assets only (including the proceeds of any insurance policy obtained pursuant to <u>Section 13.08</u>) except to the extent such advances are included within the Annual Budget.

Section 13.05 <u>Primary Obligation</u>. The Company hereby acknowledges that the Covered Persons may have certain rights to indemnification, advancement of expenses or insurance provided by a member of a Holder Group (collectively, the "<u>Holder Indemnitors</u>"). The Company hereby agrees that (a) it is the indemnitor of first resort (i.e., its obligations to the Covered Persons under <u>Section 13.03</u> and <u>Section 13.04</u> are primary and any obligation of the Holder Indemnitors to advance expenses or to provide indemnification for the same expenses or Losses incurred by the Covered Persons are secondary), (b) it shall be required to advance the full amount of expenses incurred by the Covered Persons and shall be liable for the full amount of all expenses, judgments, penalties, fines and amounts paid in settlement to the extent legally permitted and as required by the terms of <u>Section 13.03</u> and <u>Section 13.04</u> (or any other agreement between the Company and the Covered Person), without regard to any rights the Covered Person may have against the Holder Indemnitors, and (c) it irrevocably waives, relinquishes and releases the Holder Indemnitors from any and all claims against the Holder Indemnitors for contribution, subrogation or any other recovery of any kind in respect thereof. The Company further agrees that no advancement or payment by the Holder Indemnitors on behalf of a Covered Person with respect to any claim for which the Covered Person has sought indemnification from the Company pursuant to <u>Section 13.03</u> and <u>Section 13.04</u> shall affect the foregoing, and the Holder Indemnitors shall have a right of contribution or be subrogated to the extent of such advancement or payment to all of the rights of recovery of the Covered Person against the Company. The Company agrees that the Holder Indemnitors who are not Holders are express Third Party beneficiaries of the terms of this <u>Section 13.05</u>.

Section 13.06 <u>Procedure for Indemnification</u>. Any indemnification or advancement of expenses under <u>Section 13.03</u> or <u>Section 13.04</u> shall be made only against a written request therefor (together with supporting documentation) submitted by or on behalf of the Person seeking indemnification or advance; <u>provided</u>, that, the omission to timely request indemnification or advance of expenses shall not relieve the Company from any obligations it may have to a Covered Person. To the fullest extent permitted by Law, all expenses (including reasonable attorneys' fees) incurred by such Person in connection with successfully establishing such Person's right to indemnification or advancement of expenses under <u>Section 13.03</u> or <u>Section 13.04</u>, in whole or in part, shall also be indemnified by the Company.

Section 13.07 <u>Contract Right; Non-Exclusivity; Survival</u>. The rights to indemnification and advancement of expenses provided by <u>Section 13.03</u> or <u>Section 13.04</u> (a) shall be deemed to be separate contract rights between the Company and each Covered Person that serves in any such capacity at any time while these provisions are in effect, and no repeal or modification of any of these provisions shall adversely affect any right or obligation of such Covered Person existing at the time of such repeal or modification with respect to any state of facts then or previously existing or any Proceeding previously or thereafter brought or threatened based in whole or in part upon any such state of facts, (b) shall not be deemed exclusive of any other indemnification or advancement of expenses to which a Covered Person seeking indemnification or advancement of expenses may be entitled and (c) shall inure to the benefit of the heirs, executors and administrators of such Covered Person.

Section 13.08 <u>Insurance</u>. The Company shall purchase and maintain insurance, to the extent and in such amounts as the Board deems reasonable, on behalf of Covered Persons and such other Persons as the Board will determine, against any liability that may be asserted against or expenses that may be incurred by any such Person in connection with the activities of the Company Parties or such indemnities, regardless of whether the Company would have the power to indemnify such Person against such liability under the provisions of this Agreement.

**Article XIV<br>AMENDMENTS**

Section 14.01 <u>In General</u>. Except as set forth in <u>Section 14.02</u>, the Organizational Documents of the Company (including this Agreement and the classification of the Company for U.S. federal income tax purposes) may be amended, modified or waived by Majority Vote of the Board.

Section 14.02 <u>Special Rules</u>. The Organizational Documents (including this Agreement) shall not be amended, modified or waived either directly or indirectly by amendment, merger, consolidation, domestication, transfer, continuance, reorganization, recapitalization, reclassification, waiver, statutory conversion, or otherwise:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) without the prior written consent of CTCI (for so long as CTCI owns any Preferred Units), and any such act or transaction that has not been approved by such consent or vote prior to such amendment, modification or waiver being effected shall be null and void *ab initio*, and of no force or effect, if any such amendment, modification or waiver:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i) would remove or materially and adversely (as with respect to CTCI) alter CTCI's rights under <u>Article I</u>, <u>Section 3.05</u>, <u>Article V</u>, <u>Section 6.01(b)</u>, <u>Section 6.03(a)(ii)</u>, <u>Section 6.03(c)</u>, <u>Section 6.04</u>, <u>Section 6.06(a)(ii)</u>, <u>Section 6.06(a)(v)</u>, <u>Section 6.06(b)</u>, <u>Section 6.12</u>, <u>Article IX</u>, <u>Article X</u> or <u>Article XI</u>; or

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(ii) would amend, modify or waive this <u>Section 14.02(a)</u>; and

(b)without the prior written consent of the Holders of a majority of the then-issued and outstanding Preferred Units (which consent shall not be unreasonably withheld, conditioned or delayed) if any such amendment, modification or waiver:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i) would be disproportionately and materially adverse to the Preferred Holders (as compared to Holders of any other class of Units);

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(ii) would remove or materially and adversely (as with respect to the Preferred Holders) alter the Preferred Holders' rights under <u>Section 3.05</u>, <u>Article IX</u>, <u>Article X</u> or <u>Article XI</u>; or

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(iii) would amend, modify or waive this <u>Section 14.02(b)</u>; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) without the prior written consent of the Holders of a majority of the then-issued and outstanding Common Units if any such amendment, modification or waiver would modify the Common Holders' right to designate Directors pursuant to <u>Section 6.03(a)(i)</u>.

**Article XV<br>GENERAL**

Section 15.01 <u>Construction</u>.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) The article and section headings contained in this Agreement are for reference purposes only and shall not affect in any way the meaning or interpretation of this Agreement.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) Unless the context requires otherwise: (i) pronouns shall include the corresponding masculine, feminine and neuter forms; (ii) words, terms and titles (including terms defined in <u>Article I</u>) shall apply equally to both the singular and plural forms and to correlative forms of the terms defined; (iii) the terms "include," "includes" or "including" shall be deemed to be followed by the words "without limitation;" (iv) references to Articles, Sections, Schedules, Exhibits or Annexes, shall refer to an Article or Section of, or Schedule, Exhibit or Annex to this Agreement, and references to "paragraphs" or "clauses" shall be to separate paragraphs or clauses of the section or subsection in which the reference occurs; (v) the words "this Agreement," "herein," "hereof," "hereby," "hereunder" and words of similar import shall refer to this Agreement as a whole, and not to any particular subdivision hereof unless expressly so limited; (vi) references to Schedules, Exhibits and Annexes refer to the items identified separately in writing by the parties hereto as the described Schedules, Exhibits or Annexes attached to this Agreement, each of which is hereby incorporated herein and made a part hereof for all purposes as if set forth in full herein; (vii) the word "extent" in the phrase "to the extent" means the degree to which a subject or other thing extends, and such phrase shall not mean simply "if;" (viii) the word "or" has the inclusive meaning represented by the phrase "and/or;" (ix) the words "shall" and "will" are used interchangeably throughout this Agreement and shall accordingly be given the same meaning, regardless of which word is used; (x) references to "written" or "in writing" include writing in electronic form; (xi) references to any Person include references to such Person's successors and permitted assigns, and in the case of any Governmental Authority, to any Person(s) succeeding to its functions and capacities; (xii) any reference to any contract, agreement or other instrument (including this Agreement) or Law shall refer to such instrument or Law as amended, modified or supplemented from time to time in accordance with its terms, as applicable, and in effect at any given time (and, in the case of any Law, to any successor provisions); and (xiii) any reference to any federal, state, local or foreign Law shall be deemed also to refer to all rules, regulations and exemptions promulgated thereunder.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) References to any date means such date in New York, New York, and for purposes of calculating the time period in which any notice or action is to be given or undertaken hereunder, such period shall be deemed to begin at 12:01 a.m. on the applicable date in New York, New York. Any reference in this Agreement to a "day" or a number of "days" (without explicit reference to "Business Days") shall be interpreted as a reference to a calendar day or number of calendar days. For all purposes of this Agreement, if any action is to be taken or given on or by a particular calendar day, and such calendar day is not a Business Day, then such action may be deferred until the next Business Day.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(d) The terms "dollars" and "$" means U.S. dollars, the lawful currency of the United States.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(e) Each accounting term not defined herein will have the meaning given to it under GAAP as interpreted as of the Effective Date.

Section 15.02 <u>Expenses</u>. The Company shall reimburse each Holder for its respective reasonable, documented out-of-pocket Third Party expenses associated with any proposed amendment, consent or similar action of such Holder as may be requested or required by the Company or the Board to the extent such costs or expenses are incurred after the Effective Date. Except as otherwise set forth in this <u>Section 15.02</u> or specifically provided in this Agreement or in any other Transaction Document, all fees, costs and expenses incurred by the parties hereto in negotiating this Agreement shall be paid by the party incurring the same (including the fees of any attorneys, accountants, investment bankers, brokers or others engaged by the parties).

Section 15.03 <u>Confidentiality</u>.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) Each Holder, on behalf of itself, other members of its Holder Group, its investors and its advisors, acknowledges and agrees that the provisions of this Agreement, all understandings, agreements and other arrangements between and among the Holders, with respect to the Company Parties, and all other non-public information received from or otherwise relating to the Company Parties or the business or Assets of the Company Parties, including (i) the terms and conditions of this Agreement and the other Organizational Documents of the Company Parties, (ii) any and all information about any business opportunity, project or prospect identified by a Company Party and (iii) confidential or proprietary information received by any Company Party from a Third Party with respect to which any Company Party is subject to confidentiality obligations in favor of a Third Party to the extent known by the receiving party (such information, collectively, subject to the exclusions identified in <u>Section 15.03(b)</u> and <u>Section 15.03(c)</u>, the "<u>Confidential Information</u>") will be confidential, and will not be disclosed or otherwise released to any other Person without the written consent of the Board, unless such disclosure or release is otherwise permitted pursuant to the terms of a separate agreement to which a Company Party is a party, which agreement is approved by written consent of the Board. Each Holder agrees that it will not use any of such Confidential Information for any purpose other than for a valid purpose relating to the business of the Company Parties or otherwise in connection with its investment in the Company, including a potential transfer (directly or indirectly) of its Units. The obligations of a Holder pursuant to this paragraph will continue following the time such Person ceases to be a Holder, but thereafter such Person will not have the right to enforce the provisions of this Agreement.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) Notwithstanding the foregoing, "Confidential Information" shall not include, with respect to any Holder, any information that (i) is already lawfully in the possession or control of such Holder or its Representatives, so long as such information is not, to the knowledge of such Holder, subject to a legal, fiduciary or contractual obligation of confidentiality or secrecy to any Company Party or any other Holder, (ii) becomes publicly available other than through a breach of this Agreement by such Holder or any of its Affiliates, (iii) becomes available to such Holder or its Representatives from a source other than any Company Party or another Holder (or its Representatives) so long as, to the knowledge of such Holder, such source is not bound by a legal, fiduciary or contractual obligation of confidentiality or secrecy to any Company Party or any other Holder or (iv) is independently developed by such Holder or its Representatives without relying on any Confidential Information or otherwise breaching this Agreement.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) Notwithstanding anything to the contrary set forth in this Agreement, nothing in this Agreement shall prevent or restrict any Holder or any member of its Holder Group from (i) disclosing Confidential Information to a member of such Holder's Holder Group, each of which will be bound by the provisions of <u>Section 15.03(a)</u>, (ii) disclosing information and documents to such Holder's Holder Group, as applicable, and such Holder's and such Holder's Holder Group's respective attorney, accountant or tax advisor exclusively for the purpose of securing legal, accounting or tax advice, and solely to the extent required for such purpose, (iii) making any disclosures to its respective direct or indirect investors or lenders or prospective investors or lenders or, in either case, such investors' or lenders' or prospective investors' or lenders' respective advisors with respect to the operating results, prospects, transaction or project pipeline and other similar information of or regarding the Company Parties, so long as such Persons are subject to confidentiality restrictions, (iv) disclosing information to any contractor, consultant or other service provider engaged by a Company Party in connection with the development or operation of any project, so long as each such Person is subject to confidentiality restrictions, (v) disclosing information and documents to any bona fide potential transferee of such Holder's Units in the Company and the advisors thereof, so long as each such Person is subject to confidentiality restrictions or (vi) disclosing information and documents in connection with enforcing any rights a Holder has under this Agreement or any other Organizational Documents of the Company Parties; <u>provided</u>, that, the disclosing Holder will be responsible for any breach of the confidentiality or use restrictions set forth herein by the Persons receiving such disclosure pursuant to the foregoing <u>items (i)</u> through <u>(v)</u>. In addition, the confidentiality obligations of the Holders hereunder will not apply to the extent that the disclosure of information otherwise determined to be confidential is required by applicable Law (or applicable rule or regulation) or in performance of a Holder's customary public reporting disclosures; <u>provided</u>, that, except with respect to any disclosure in connection with a Holder's customary public reporting disclosures or other general regulatory examinations or reviews, prior to disclosing such Confidential Information and to the extent not prohibited by applicable Law, a Holder must notify the Company thereof (if practicable, with sufficient notice to allow the Company to seek confidential treatment of such information), which notice will include the basis upon which such Holder believes the information is required by applicable Law to be disclosed.

Section 15.04 <u>Public Announcements</u>. No Holder shall issue, or permit any of its Affiliates or Representatives to issue, any press release or otherwise make any public statements or announcements regarding this Agreement or the transactions contemplated hereby without the prior written consent (which consent will not be unreasonably withheld, conditioned or delayed) of the other Holders, except as necessary or appropriate to comply with applicable Law or any rules or regulations of any stock exchange, supervisory, regulatory or other Governmental Authority having jurisdiction over it or any of its Affiliates (including the Commission and the New York Stock Exchange), in which case the Holder required to issue such press release or public announcement will, to the extent not prohibited by applicable Law, use reasonable efforts to provide the Company a reasonable opportunity to comment on such press release or public announcement in advance of such publication. Notwithstanding the foregoing, nothing contained in this Agreement will limit any member of a Holder Group's rights to disclose the existence of this Agreement and the general nature of the transactions described herein on any earnings call or in similar discussions with financial media or analysts, stockholders and other members of the investment community.

Section 15.05 <u>Binding Effect</u>. Without limiting the restrictions on Transfers set forth herein, this Agreement shall be binding upon and inure to the benefit of the Company and each Holder and their respective successors and permitted assigns, and by their signature hereto, the Company and each Holder intends to and does hereby become bound.

Section 15.06 <u>No Third-Party Beneficiaries</u>. Except as provided in <u>Article XIII</u>, nothing in this Agreement, express or implied, shall entitle any Person other than the parties hereto or their respective successors and permitted assigns to any claim, cause of action, remedy or right of any kind. Any agreement to pay any amount (including any agreement between the Holders to make Capital Contributions or to advance money or property to the Company) and any assumption of liability contained herein, express or implied, shall be only for the benefit of the Holders, and such agreement or assumption shall not inure to the benefit of the obligees of any indebtedness or any other Person whomsoever.

Section 15.07 <u>Notices</u>.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) Any and all notices, elections, consents, claims or demands permitted or required to be made under this Agreement shall be made in writing signed by each party hereto giving such notice, election, consent, claim or demand hereunder and shall be (i) delivered by hand, (ii) sent by email, (iii) sent postage prepaid by registered, certified or express mail, or (iv) delivered by overnight courier service, in each case, to the other applicable parties hereto at the address or addresses set forth on <u>Schedule A</u> or such other address as may be supplied by written notice given in conformity with this <u>Section 15.07</u>; <u>provided</u>, that, whenever any notice is required to be given by applicable Law or by this Agreement, a written waiver thereof, signed by the Person entitled to notice, whether before or after the time stated therein, shall be deemed equivalent to the giving of such notice.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) A party hereto may change its address or email address by delivering notice to the other parties hereto in conformity with this <u>Section 15.07</u>.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) All such notices, elections, consents, claims, demands and other communications shall be deemed received (i) on the date of receipt by the recipient thereof if received prior to 5:00 p.m. on a Business Day in the place of receipt, and (ii) otherwise, on the next succeeding Business Day in the place of receipt; <u>provided</u>, that, if a notice, election, consent, claim, demand or other communication is sent via email, it shall be deemed received when sent (provided, no "bounce-back", system error message or other notification of non-delivery is received by the sender).

Section 15.08 <u>Governing Law</u>. THIS AGREEMENT SHALL BE GOVERNED BY, AND CONSTRUED IN ACCORDANCE WITH, THE LAWS OF THE STATE OF DELAWARE, REGARDLESS OF THE LAWS THAT MIGHT OTHERWISE GOVERN UNDER APPLICABLE PRINCIPLES OF CONFLICTS OF LAWS THEREOF.

Section 15.09 <u>Dispute Resolution</u>.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) Any controversy or claim arising out of or relating to this Agreement, or the breach thereof, shall be settled by arbitration administered by the American Arbitration Association in accordance with its Commercial Arbitration Rules and judgment on the award rendered by the arbitrators may be entered in any court having jurisdiction thereof. Claims shall be heard by a panel of three arbitrators. The place of arbitration shall be Houston, Texas. The arbitration shall be governed by the laws of the state of Delaware. Time is of the essence for any arbitration under this Agreement and arbitration hearings shall take place within 90 days of filing and awards rendered within 120 days. Arbitrators shall agree to these limits prior to accepting appointment. The award of the arbitrators shall be accompanied by a reasoned opinion. Except as may be required by law, neither a party nor an arbitrator may disclose the existence, content, or results of any arbitration hereunder without the prior written consent of each party to the arbitration.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) A breach or threatened breach by a party of any of such party's obligations under this Agreement would give rise to irreparable harm to the other parties, for which monetary damages would not be an adequate remedy, and in the event of a breach or a threatened breach by such party of any such obligations, each of the other parties hereto shall, in addition to any and all other rights and remedies that may be available to them in respect of such breach, be entitled to equitable relief, including a temporary restraining order, an injunction, and specific performance (without any requirement to post bond).

Section 15.10 <u>Severability</u>.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) If any term or other provision of this Agreement is finally determined by a court of competent jurisdiction to be invalid, illegal or incapable of being enforced by any rule of law or public policy, all other conditions and provisions of this Agreement shall nevertheless remain in full force and effect so long as the economic substance of the transactions contemplated hereby is not affected in any material manner adverse to any party hereto. Upon such determination, the parties hereto shall negotiate in good faith to modify this Agreement so as to effect the original intent of the parties hereto as closely as possible in an acceptable manner to the end that the transactions contemplated hereby are fulfilled to the extent possible.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) This Agreement shall constitute the "limited liability company agreement" (as that term is defined in Section 18-101 of the Act) of the Company. The rights, powers, duties, obligations and liabilities of the Holders shall be determined pursuant to the Act and this Agreement. In the event of a direct conflict between the provisions of this Agreement and any mandatory, non-waivable provision of the Act, such provision of the Act shall control. If any provision of the Act provides that it may be varied or superseded in the agreement of a limited liability company (or otherwise by agreement of the members or managers of a limited liability company), such provision shall be deemed superseded and waived in its entirety if this Agreement contains a provision addressing the same issue or subject matter.

Section 15.11 <u>Entire Agreement</u>. This Agreement (including the Schedules, Exhibits and Annexes hereto) and the other documents referred to herein or delivered pursuant hereto, between the parties hereto and their respective Affiliates, contain the entire understanding of the parties hereto and their Affiliates with respect to the subject matter thereof and hereof, and supersede all prior agreements with respect to the subject matter thereof and hereof. There are no warranties, representations or other agreements among the parties hereto relating to the subject matter of this Agreement except as specifically set forth in this Agreement and the other Transaction Documents, and no party hereto shall be bound by or liable for any alleged representation, promise, inducement or statement of intention not so set forth.

Section 15.12 <u>Representation by Counsel</u>. Each of the parties hereto hereby acknowledges that it has been represented by independent counsel of its choice throughout all negotiations that have preceded the execution of this Agreement and that it has executed the same with consent and upon the advice of said independent counsel. The parties hereto have participated jointly in the negotiation and drafting of this Agreement. In the event an ambiguity or question of intent arises, this Agreement shall be construed as if drafted jointly by the parties hereto, and no presumption or burden of proof shall arise, or rule of strict constriction applied, favoring or disfavoring any party hereto by virtue of the authorship of any of the provisions of this Agreement. Accordingly, any rule of law or any legal decision that would require interpretation of any ambiguities in this Agreement against the party that drafted it is of no application and is hereby waived by the parties hereto.

Section 15.13 <u>Waivers; Rights Cumulative</u>. Any waiver of any provision of this Agreement shall constitute a waiver only with respect to the specific matter described in such writing and shall in no way impair the rights of the party granting such waiver in any other respect or at any other time. Neither the waiver by any party hereto of a breach of or a default under any of the provisions of this Agreement, nor the failure by any party hereto, on one or more occasions, to enforce any of the provisions of this Agreement or to exercise any right or privilege hereunder, shall be construed as a waiver of any other breach or default of a similar nature or of any succeeding breach of the same or any obligation, or as a waiver of any such provisions, rights or privileges hereunder, and a failure by any party hereto, on one or more occasions, to enforce any of the provisions of this Agreement shall not affect the right to require such performance at any time thereafter. No course of dealing, delay, failure or omission on the part of any party hereto in exercising any right, power, remedy or privilege under this Agreement or under any other documents furnished in connection with or under this Agreement or otherwise available to such Person under applicable Law shall impair any such right, power, remedy or privilege, or affect the right of such Person thereafter to exercise the same, or be construed as a waiver of any default or any acquiescence therein. No single or partial exercise of any such right, power, remedy or privilege shall preclude the further exercise of such right, power, remedy or privilege, or the exercise of any other right, power, remedy or privilege. Any extension of time or other indulgence granted to any party under this Agreement shall not otherwise alter or affect any power, remedy or right of any other party hereto, or the obligations of the party to whom such extension or indulgence is granted. The rights of the parties under this Agreement shall be cumulative, and the exercise or partial exercise of any such right shall not preclude the exercise of any other right.

Section 15.14 <u>Further Assurances</u>. From time to time after the Effective Date, and without the payment of any additional consideration (other than reimbursement of expenses as set forth in <u>Section 15.02</u>), each Holder shall, and shall cause the other members of its Holder Group to, in each case, at the Company's, the Board's or another Holder's request, (a) execute or deliver such other notifications, documents, certificates, agreements, instruments and other writings and (b) take such other actions or otherwise cooperate, in each case, as may be reasonably necessary or desirable in order to consummate or document the consummation of the transactions contemplated by this Agreement.‎

Section 15.15 <u>Scope</u>. If any one or more of the provisions of this Agreement shall for any reason be held to be ‎excessively broad as to time, duration, geographical scope, activity or subject, each such ‎provision shall be construed, by limiting and reducing it, so as to be enforceable to the extent ‎compatible with applicable Law then in force.

Section 15.16 <u>Counterparts</u>. This Agreement may be executed in any number of counterparts, each of which shall be deemed an original and all of which shall together constitute one and the same instrument. Delivery of an executed counterpart of a signature page to this Agreement by portable document format (.pdf) or electronically using DocuSign, AdobeSign or other digital signature provider shall be as effective as delivery of a manually executed counterpart of this Agreement.

[REMAINDER OF THIS PAGE INTENTIONALLY LEFT BLANK.]

IN WITNESS WHEREOF, this Agreement has been executed by each of the Holders as of the date first above written.

---

| | |
|:---|:---|
| **Orion Fund II NAV Holdco, L.P.** | **Orion Fund II NAV Holdco, L.P.** |
| By: Orion Energy Credit Opportunities Fund II GP, L.P., its general partner | By: Orion Energy Credit Opportunities Fund II GP, L.P., its general partner |
| By: Orion Energy Credit Opportunities Fund II Holdings, LLC, its general partner | By: Orion Energy Credit Opportunities Fund II Holdings, LLC, its general partner |
| By: | /s/ Gerrit Nicholas |
| Name: | Gerrit Nicholas |
| Title: | Managing Partner |
| **ORION FUND II PV 2 NAV HOLDCO, L.P.** | **ORION FUND II PV 2 NAV HOLDCO, L.P.** |
| By: Orion Energy Credit Opportunities Fund II GP, L.P., its general partner | By: Orion Energy Credit Opportunities Fund II GP, L.P., its general partner |
| By: Orion Energy Credit Opportunities Fund II Holdings, LLC, its general partner | By: Orion Energy Credit Opportunities Fund II Holdings, LLC, its general partner |
| By: | /s/ Gerrit Nicholas |
| Name: | Gerrit Nicholas |
| Title: | Managing Partner |
| **ORION FUND II GPFA NAV HOLDCO, L.P.** | **ORION FUND II GPFA NAV HOLDCO, L.P.** |
| By: Orion Energy Credit Opportunities Fund II GP, L.P., its general partner | By: Orion Energy Credit Opportunities Fund II GP, L.P., its general partner |
| By: Orion Energy Credit Opportunities Fund II Holdings, LLC, its general partner | By: Orion Energy Credit Opportunities Fund II Holdings, LLC, its general partner |
| By: | /s/ Gerrit Nicholas |
| Name: | Gerrit Nicholas |
| Title: | Managing Partner |

---

[Signature Page to LLC Agreement of Grapevine Energy Holdings, LLC]

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| | |
|:---|:---|
| **ORION ENERGY CREDIT OPPORTUNITIES GCE CO-INVEST, L.P.** | **ORION ENERGY CREDIT OPPORTUNITIES GCE CO-INVEST, L.P.** |
| By: Orion Energy Credit Opportunities Fund II GP, L.P., its general partner | By: Orion Energy Credit Opportunities Fund II GP, L.P., its general partner |
| By: Orion Energy Credit Opportunities Fund II Holdings, LLC, its general partner | By: Orion Energy Credit Opportunities Fund II Holdings, LLC, its general partner |
| By: | /s/ Gerrit Nicholas |
| Name: | Gerrit Nicholas |
| Title: | Managing Partner |
| **ORION ENERGY CREDIT OPPORTUNITIES GCE CO-INVEST B, L.P.** | **ORION ENERGY CREDIT OPPORTUNITIES GCE CO-INVEST B, L.P.** |
| By: Orion Energy Credit Opportunities Fund II GP, L.P., its general partner | By: Orion Energy Credit Opportunities Fund II GP, L.P., its general partner |
| By: Orion Energy Credit Opportunities Fund II Holdings, LLC, its general partner | By: Orion Energy Credit Opportunities Fund II Holdings, LLC, its general partner |
| By: | /s/ Gerrit Nicholas |
| Name: | Gerrit Nicholas |
| Title: | Managing Partner |
| **ORION ENERGY CREDIT OPPORTUNITIES FUND III PV, L.P.** | **ORION ENERGY CREDIT OPPORTUNITIES FUND III PV, L.P.** |
| By: Orion Energy Credit Opportunities Fund III GP, L.P., its general partner | By: Orion Energy Credit Opportunities Fund III GP, L.P., its general partner |
| By: Orion Energy Credit Opportunities Fund III Holdings, LLC, its general partner | By: Orion Energy Credit Opportunities Fund III Holdings, LLC, its general partner |
| By: | /s/ Gerrit Nicholas |
| Name: | Gerrit Nicholas |
| Title: | Managing Partner |

---

[Signature Page to LLC Agreement of Grapevine Energy Holdings, LLC]

---

| | |
|:---|:---|
| **ORION ENERGY CREDIT OPPORTUNITIES FUND III GPFA, L.P.** | **ORION ENERGY CREDIT OPPORTUNITIES FUND III GPFA, L.P.** |
| By: Orion Energy Credit Opportunities Fund III GP, L.P., its general partner | By: Orion Energy Credit Opportunities Fund III GP, L.P., its general partner |
| By: Orion Energy Credit Opportunities Fund III Holdings, LLC, its general partner | By: Orion Energy Credit Opportunities Fund III Holdings, LLC, its general partner |
| By: | /s/ Gerrit Nicholas |
| Name: | Gerrit Nicholas |
| Title: | Managing Partner |
| **ORION ENERGY CREDIT OPPORTUNITIES FUND III, L.P.** | **ORION ENERGY CREDIT OPPORTUNITIES FUND III, L.P.** |
| By: Orion Energy Credit Opportunities Fund III GP, L.P., its general partner | By: Orion Energy Credit Opportunities Fund III GP, L.P., its general partner |
| By: Orion Energy Credit Opportunities Fund III Holdings, LLC, its general partner | By: Orion Energy Credit Opportunities Fund III Holdings, LLC, its general partner |
| By: | /s/ Gerrit Nicholas |
| Name: | Gerrit Nicholas |
| Title: | Managing Partner |
| **ORION ENERGY CREDIT OPPORTUNITIES FUND III GPFA PV, L.P.** | **ORION ENERGY CREDIT OPPORTUNITIES FUND III GPFA PV, L.P.** |
| By: Orion Energy Credit Opportunities Fund III GP, L.P., its general partner | By: Orion Energy Credit Opportunities Fund III GP, L.P., its general partner |
| By: Orion Energy Credit Opportunities Fund III Holdings, LLC, its general partner | By: Orion Energy Credit Opportunities Fund III Holdings, LLC, its general partner |
| By: | /s/ Gerrit Nicholas |
| Name: | Gerrit Nicholas |
| Title: | Managing Partner |

---

[Signature Page to LLC Agreement of Grapevine Energy Holdings, LLC]

---

| | |
|:---|:---|
| **ENTARA LLC** | **ENTARA LLC** |
| By: | /s/ Derek Becht |
| Name: | Derek Becht |
| Title: | COO |

---

[Signature Page to LLC Agreement of Grapevine Energy Holdings, LLC]

---

| | |
|:---|:---|
| **LIF AIV 1, L.P.** | **LIF AIV 1, L.P.** |
| By: GCM Investments GP, LLC, its General Partner | By: GCM Investments GP, LLC, its General Partner |
| By: | /s/ Todd Henigan |
| Name: | Todd Henigan |
| Title: | Authorized Signatory |

---

[Signature Page to LLC Agreement of Grapevine Energy Holdings, LLC]

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| | |
|:---|:---|
| **VOYA RENEWABLE ENERGY INFRASTRUCTURE ORIGINATOR L.P.,** | **VOYA RENEWABLE ENERGY INFRASTRUCTURE ORIGINATOR L.P.,** |
| **VOYA RENEWABLE ENERGY INFRASTRUCTURE ORIGINATOR i llc** | **VOYA RENEWABLE ENERGY INFRASTRUCTURE ORIGINATOR i llc** |
| By: Voya Alternative Asset Management LLC, as Agent | By: Voya Alternative Asset Management LLC, as Agent |
| By: | /s/ Edward Levin |
| Name: | Edward Levin |
| Title: | Managing Director |

---

[Signature Page to LLC Agreement of Grapevine Energy Holdings, LLC]

---

| | |
|:---|:---|
| **CTCI Americas, Inc.** | **CTCI Americas, Inc.** |
| By: | /s/ Todd Chen |
| Name: | Todd Chen |
| Title: | Chairman & CEO |

---

[Signature Page to LLC Agreement of Grapevine Energy Holdings, LLC]

Schedule A<br><u>Schedule of Holders; Units; Capital Contributions</u>

[\*\*\*]

Schedule B<br><u>Initial Directors</u>

**<u>Common Directors</u>**:

&nbsp;&nbsp;&nbsp;&nbsp;1. Gerrit Nicholas

&nbsp;&nbsp;&nbsp;&nbsp;2. Ethan Shoemaker

&nbsp;&nbsp;&nbsp;&nbsp;3. Matthew Kondratowicz

&nbsp;&nbsp;&nbsp;&nbsp;4. Igor Radomyshelsky

**<u>CTCI Directors</u>**:

&nbsp;&nbsp;&nbsp;&nbsp;1. Michael Yang

&nbsp;&nbsp;&nbsp;&nbsp;2. Todd Chen

**<u>Independent Director</u>**: Brian Coffman

Schedule C<br><u>Initial Officers</u>

1. Noah Verleun – Chief Executive Officer & President

2. Wade Adkins – Executive Vice President, Chief Financial Officer

3. Antonio D'Amico – Executive Vice President, Chief Administrative Officer & General Counsel

4. Ethan Shoemaker – Chief Strategy Officer

5. Yuri Herreras Yambanis – Senior Vice President, Upstream

6. Mariah Mandt – Senior Vice President, Downstream

7. Cole Norton – Vice President, Information Technology and Systems

8. Ryan Riches – Treasurer

## Exhibit 4.1

**Exhibit 4.1**

***Execution Version***

CREDIT AGREEMENT

dated as of

August 11, 2025

among

GRAPEVINE ENERGY HOLDINGS, LLC,<br> as Holdco Borrower,

THE HOLDCO TERM LENDERS FROM TIME TO TIME PARTY HERETO,

and

Orion Energy Partners TP Agent, LLC,<br> as Holdco Term Loan Administrative Agent

**TABLE OF CONTENTS**

---

| | | |
|:---|:---|:---|
| | | **Page** |
| Article I DEFINITIONS | Article I DEFINITIONS | 2 |
| Section 1.01 | Defined Terms | 2 |
| Section 1.02 | Terms Generally | 4 |
| Section 1.03 | Accounting Terms | 4 |
| Section 1.04 | Divisions | 4 |
| Article II THE CREDITS | Article II THE CREDITS | 4 |
| Section 2.01 | Holdco Term Facilities | 4 |
| Section 2.02 | Evidence of Debt | 5 |
| Section 2.03 | Fees | 5 |
| Section 2.04 | Increased Costs | 5 |
| Section 2.05 | Taxes | 6 |
| Section 2.06 | Change of Lending Office | 8 |
| Section 2.07 | Acknowledgement and Consent to Bail-In of EEA Financial Institutions | 8 |
| Section 2.08 | Holdco Term Loan Payment Waterfall | 8 |
| Section 2.09 | Incorporation by Reference | 8 |
| Article III REPRESENTATIONS AND WARRANTIES | Article III REPRESENTATIONS AND WARRANTIES | 8 |
| Section 3.01 | Incorporation of Common Terms and Term Intercreditor Agreement | 8 |
| Article IV CONDITIONS | Article IV CONDITIONS | 9 |
| Section 4.01 | Conditions to the Closing Date | 9 |
| Article V COVENANTS | Article V COVENANTS | 9 |
| Section 5.01 | Covenants | 9 |
| Article VI EVENTS OF DEFAULT | Article VI EVENTS OF DEFAULT | 9 |
| Section 6.01 | Events of Default | 9 |
| Article VII THE AGENTS | Article VII THE AGENTS | 9 |
| Section 7.01 | Appointment and Authorization of the Holdco Term Loan Administrative Agent | 9 |
| Section 7.02 | Rights as a Holdco Term Lender | 10 |
| Section 7.03 | Duties of Agent; Exculpatory Provisions | 10 |
| Section 7.04 | Reliance by Holdco Term Loan Administrative Agent | 10 |
| Section 7.05 | Delegation of Duties | 10 |
| Section 7.06 | Withholding of Taxes by the Holdco Term Loan Administrative Agent; Indemnification | 11 |
| Section 7.07 | Resignation of Holdco Term Loan Administrative Agent | 11 |
| Section 7.08 | Non-Reliance on Holdco Term Loan Administrative Agent or Other Holdco Term Lenders | 11 |
| Section 7.09 | No Other Duties; Etc | 11 |
| Section 7.10 | Certain ERISA Matters | 12 |
| Article VIII MISCELLANEOUS | Article VIII MISCELLANEOUS | 12 |
| Section 8.01 | Incorporation by Reference | 12 |
| Section 8.02 | Successors and Assigns | 13 |
| Section 8.03 | Amendments. | 15 |
| Section 8.04 | Common Terms and Term Intercreditor Agreement | 15 |

---

---

| | |
|:---|:---|
| Exhibit A | Form of Assignment and Assumption |
| Exhibit B | Form of Note |
| Annex I | Holdco Term Loans |
| Annex II | Lending Offices |
| Schedule 1 | Payment Waterfall |

---

i

This CREDIT AGREEMENT (this "<u>Agreement</u>") is dated as of August 11, 2025, among GRAPEVINE ENERGY HOLDINGS, LLC, a Delaware limited liability company ("<u>Holdco Borrower</u>"), each HOLDCO TERM LENDER party hereto (collectively, the "<u>Holdco Term Lenders</u>" and individually, a "<u>Holdco Term Lender</u>") and Orion Energy Partners TP Agent, LLC, as the Holdco Term Loan Administrative Agent (as defined in the Common Terms and Term Intercreditor Agreement (as defined below)).

WHEREAS, Holdco Borrower and certain of its Affiliates (collectively, the "<u>Debtors</u>") commenced voluntary cases (the "<u>Chapter 11 Cases</u>") under chapter 11 of the Bankruptcy Code in the Bankruptcy Court (as defined in the Common Terms and Term Intercreditor Agreement) on April 17, 2025, and the Debtors continue to operate their businesses and manage their properties as debtors-in-possession pursuant to sections 1107 and 1108 of the Bankruptcy Code.

WHEREAS, in connection with the Chapter 11 Cases, Holdco Borrower and certain of its Affiliates entered into to that certain Senior Secured Super Priority as Debtor-in-Possession Term Loan Credit Agreement, dated as of April 17, 2025, by and among, *inter alios*, Holdco Borrower, Orion Energy Partners TP Agent, LLC, as administrative agent, and the lending institutions from time to time parties thereto (as amended, restated, amended and restated, supplemented or otherwise modified prior to the date hereof, the "<u>Existing DIP Term Loan Credit Agreement</u>").

WHEREAS, BKRF OCB, LLC (the "<u>Prepetition Term Loan Borrower</u>") is party to that certain Credit and Guaranty Agreement, dated as of May 4, 2020, by and among, *inter alios*, the Prepetition Term Loan Borrower, certain Affiliates of the Prepetition Term Loan Borrower, as guarantors, Orion Energy Partners TP Agent, LLC, as administrative agent and collateral agent, and the lenders from time to time parties thereto (as amended, restated, amended and restated, supplemented or otherwise modified prior to the date hereof, the "<u>Prepetition Term Loan Agreement</u>").

WHEREAS, on July 3, 2025, the Debtors filed the Second Amended Plan of Reorganization of Global Clean Energy Holdings, Inc. and its Debtor Affiliates Under Chapter 11 of the Bankruptcy Code, dated July 3, 2025 (Docket No. 301) (together with all schedules, documents and exhibits contained therein, as may be further amended, supplemented or modified from time to time, the "<u>Approved Plan</u>").

WHEREAS, on July 28, 2025, the Bankruptcy Court entered an order confirming the Approved Plan (the "<u>Confirmation Order</u>").

WHEREAS, Holdco Borrower is entering into this Agreement and each other Holdco Term Financing Document (as defined in the Common Terms and Term Intercreditor Agreement) on the Closing Date to replace the Existing DIP Term Loan Credit Agreement and the Prepetition Term Loan Agreement.

WHEREAS, the Holdco Term Lenders are willing to provide the credit facility described herein upon the terms and subject to the conditions set forth herein and in the other Holdco Term Financing Documents.

NOW, THEREFORE, the parties hereto agree as follows:

Article I

DEFINITIONS

Section 1.01 <u>Defined Terms</u>. Capitalized terms used herein shall have the meanings provided in the Section 1.01 (*Certain Defined Terms*) of the Common Terms and Term Intercreditor Agreement. In addition, the following terms shall have the meanings specified below:

"<u>Approved Plan</u>" has the meaning specified in the recitals hereto.

"<u>Assignment and Assumption</u>" means an assignment and assumption entered into by a Holdco Term Lender and an assignee (with the consent of any party whose consent is required by <u>Section 8.04</u>), in the form of <u>Exhibit A</u> or any other form approved by the Holdco Term Loan Administrative Agent.

"<u>Bail-In Action</u>" means the exercise of any Write-Down and Conversion Powers by the applicable EEA Resolution Authority in respect of any liability of an EEA Financial Institution.

"<u>Chapter 11 Cases</u>" has the meaning specified in the recitals hereto.

"<u>Closing Date</u>" means the first date on which all conditions precedent specified in Section 4.01 (*Conditions to Closing Date*) of the Common Terms and Term Intercreditor Agreement are satisfied (or waived in accordance with Section 10.02 (*Waivers; Amendments*) of the Common Terms and Term Intercreditor Agreement).

"<u>Common Terms and Term Intercreditor Agreement</u>" means the Common Terms and Term Intercreditor Agreement, dated as of the Closing Date, by and among Holdco Borrower, the Holdco Term Loan Administrative Agent, the Holdco Term Collateral Agent and CTCI.

"<u>Confirmation Order</u>" has the meaning specified in the recitals hereto.

"<u>Debtors</u>" has the meaning specified in the recitals hereto.

"<u>Existing DIP Term Loan Credit Agreement</u>" has the meaning specified in the recitals hereto.

"<u>FATCA</u>" has the meaning assigned to such term in <u>Section 2.05(c)</u>.

"<u>First Out Subordinated Senior Secured Term Lender</u>" means a lender that holds First Out Subordinated Senior Secured Term Loans.

"<u>First Out Subordinated Senior Secured Term Loan</u>" means, with respect to any Holdco Term Lender at any time, the amount set forth opposite such Holdco Term Lender's name on <u>Annex I</u> under the caption "First Out Subordinated Senior Secured Term Loan" or, if such Holdco Term Lender has entered into one or more Assignment and Assumptions following the Closing Date, the amount set forth for such Holdco Term Lender in the Register maintained by the Holdco Term Loan Administrative Agent as such Holdco Term Lender's "First Out Subordinated Senior Secured Term Loan".

"<u>Holdco Borrower</u>" has the meaning specified in the introductory paragraph hereto.

"<u>Holdco Term Facility</u>" means, individually or collectively, as the context may require, the credit facilities with respect to the New Senior Secured Term Loans, the First Out Subordinated Senior Secured Term Loans, the Second Out Subordinated Senior Secured Term Loans and the Subordinated Junior Term Loans.

"<u>Holdco Term Lenders</u>" means, individually or collectively, as the context may require, the New Senior Secured Term Lender, the First Out Subordinated Senior Secured Term Lender, the Second Out Subordinated Senior Secured Term Lender and the Subordinated Junior Term Holdco Term Lenders.

"<u>Holdco Term Loan Administrative Agent</u>" has the meaning specified in the introductory paragraph hereto.

"<u>Lending Office</u>" means the office designated as such beneath the name of a Holdco Term Lender set forth on Annex II of this Agreement or such other office of such Holdco Term Lender as such Holdco Term Lender may specify in writing from time to time to the Holdco Term Administrative Agent and Holdco Borrower.

"<u>New Senior Secured Term Lender</u>" means a lender that holds New Senior Secured Term Loans.

"<u>New Senior Secured Term Loan</u>" means, with respect to any Holdco Term Lender at any time, the amount set forth opposite such Holdco Term Lender's name on <u>Annex I</u> under the caption "New Senior Secured Term Loan" or, if such Holdco Term Lender has entered into one or more Assignment and Assumptions following the Closing Date, the amount set forth for such Holdco Term Lender in the Register maintained by the Holdco Term Loan Administrative Agent as such Holdco Term Lender's "New Senior Secured Term Loan".

"<u>Note</u>" means a promissory note substantially in the form of <u>Exhibit B</u>.

"<u>Participant</u>" has the meaning assigned to such term in <u>Section 8.02(f)</u>.

"<u>Participant Register</u>" has the meaning assigned to such term in <u>Section 8.02(f)</u>.

"<u>Prepetition Term Loan Agreement</u>" has the meaning specified in the recitals hereto.

"<u>Prepetition Term Loan Borrower</u>" has the meaning specified in the recitals hereto.

"<u>Register</u>" has the meaning assigned to such term in <u>Section 8.02(c)</u>.

"<u>Required Holdco Term Lenders</u>" means, at any time, Holdco Term Lenders having aggregate Holdco Term Loans representing fifty percent (50%) or more of the sum of the total Holdco Term Loans at such time.

"<u>Second Out Subordinated Senior Secured Term Lender</u>" means a lender that holds Second Out Subordinated Senior Secured Term Loans.

"<u>Second Out Subordinated Senior Secured Term Loan</u>" means, with respect to any Holdco Term Lender at any time, the amount set forth opposite such Holdco Term Lender's name on <u>Annex I</u> under the caption "Second Out Subordinated Senior Secured Term Loan" or, if such Holdco Term Lender has entered into one or more Assignment and Assumptions following the Closing Date, the amount set forth for such Holdco Term Lender in the Register maintained by the Holdco Term Loan Administrative Agent as such Holdco Term Lender's "Second Out Subordinated Senior Secured Term Loan".

"<u>Subordinated Junior Term Facility</u>" means the credit facility with respect to the Subordinated Junior Term Loans.

"<u>Subordinated Junior Term Lender</u>" means a lender that holds Subordinated Junior Term Loans.

"<u>Subordinated Junior Term Loan</u>" means, with respect to any Holdco Term Lender at any time, the amount set forth opposite such Holdco Term Lender's name on <u>Annex I</u> under the caption "Subordinated Junior Term Loan" or, if such Holdco Term Lender has entered into one or more Assignment and Assumptions following the Closing Date, the amount set forth for such Holdco Term Lender in the Register maintained by the Holdco Term Loan Administrative Agent as such Holdco Term Lender's "Subordinated Junior Term Loan".

"<u>U.S. Tax Compliance Certificate</u>" has the meaning specified in <u>Section 2.05(b)(ii)(B)(III)</u>.

"<u>Write-Down and Conversion Powers</u>" means, with respect to any EEA Resolution Authority, the write-down and conversion powers of such EEA Resolution Authority from time to time under the Bail-In Legislation for the applicable EEA Member Country, which write-down and conversion powers are described in the EU Bail-In Legislation Schedule.

Section 1.02 <u>Terms Generally</u>. Unless otherwise provided herein, this Agreement shall be governed by the principles of interpretation provided in Section 1.02 (*Terms Generally*) of the Common Terms and Term Intercreditor Agreement, *mutatis mutandis*.

Section 1.03 <u>Accounting Terms</u>. Except as otherwise expressly provided herein, all terms of an accounting or financial nature shall be construed in accordance with GAAP. If Holdco Borrower notifies the Holdco Term Loan Administrative Agent that Holdco Borrower wishes to amend any provision hereof to eliminate the effect of any change occurring after the date hereof in GAAP or in the application thereof on the operation of such provision, regardless of whether any such notice is given before or after such change in GAAP or in the application thereof, then Holdco Borrower's compliance with such provision shall be determined on the basis of GAAP as in effect and applied immediately before such change shall have become effective until such notice shall have been withdrawn or such provision amended in a manner satisfactory to Holdco Borrower and the Holdco Term Loan Administrative Agent.

Section 1.04 <u>Divisions</u>. Any reference herein or in any other Holdco Term Financing Document to a merger, transfer, consolidation, amalgamation, assignment, sale, disposition or transfer, or similar term, shall be deemed to apply to a division of or by a Person, or an allocation of assets to a series of a Person (or the unwinding of such a division or allocation), as if it were a merger, transfer, consolidation, amalgamation, assignment, sale or transfer or similar term, as applicable to, of or with a separate Person. Any division of a limited liability company shall constitute a separate Person hereunder and under any other Holdco Term Financing Document (and each division of any limited liability company that is a Subsidiary, Affiliate, joint venture or any other like term shall also constitute such a separate Person or entity hereunder or any other Holdco Term Financing Document).

Article II

THE CREDITS

Section 2.01 <u>Holdco Term Facilities</u>.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) <u>New Senior Secured Term Loan</u>. Subject to the terms and conditions set forth in this Agreement and the Common Terms and Term Intercreditor Agreement (including Section 4.01 (*Conditions to Closing Date*) of the Common Terms and Term Intercreditor Agreement) and in reliance upon the representations and warranties of the Company Parties set forth in the Common Terms and Term Intercreditor Agreement, each New Senior Secured Term Lender severally, but not jointly, agrees to convert a portion of its principal, accrued interest, fees and other claims under the Existing DIP Credit Agreement to a New Senior Secured Term Loan as of the Closing Date in the applicable amount set forth on <u>Annex I</u>.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) <u>First Out Subordinated Senior Secured Term Loan</u>. Subject to the terms and conditions set forth in this Agreement and the Common Terms and Term Intercreditor Agreement (including Section 4.01 (*Conditions to Closing Date*) of the Common Terms and Term Intercreditor Agreement) and in reliance upon the representations and warranties of the Company Parties set forth in the Common Terms and Term Intercreditor Agreement, each First Out Subordinated Senior Secured Term Lender severally, but not jointly, agrees to convert a portion of its principal, accrued interest, fees and other claims under the Prepetition Term Loan Agreement to a First Out Subordinated Senior Secured Term Loan as of the Closing Date in the applicable amount set forth on <u>Annex I</u>.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) <u>Second Out Subordinated Senior Secured Term Loan</u>. Subject to the terms and conditions set forth in this Agreement and the Common Terms and Term Intercreditor Agreement (including Section 4.01 (*Conditions to Closing Date*) of the Common Terms and Term Intercreditor Agreement) and in reliance upon the representations and warranties of the Company Parties set forth in the Common Terms and Term Intercreditor Agreement, each Second Out Subordinated Senior Secured Term Lender severally, but not jointly, agrees to convert a portion of its principal, accrued interest, fees and other claims under the Prepetition Term Loan Agreement to a Second Out Subordinated Senior Secured Term Loan as of the Closing Date in the applicable amount set forth on <u>Annex I</u>.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(d) <u>Subordinated Junior Term Loan</u>. Subject to the terms and conditions set forth in this Agreement and the Common Terms and Term Intercreditor Agreement (including Section 4.01 of the Common Terms and Term Intercreditor Agreement) and in reliance upon the representations and warranties of the Company Parties set forth in the Common Terms and Term Intercreditor Agreement, each Subordinated Junior Term Lender severally, but not jointly, agrees to convert a portion of its principal, accrued interest, fees and other claims under the Prepetition Term Loan Agreement to a Subordinated Junior Term Loan as of the Closing Date in the applicable amount set forth on <u>Annex I</u>.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(e) <u>No Reborrowing</u>. Amounts prepaid or repaid in respect of any Holdco Term Loan may not be reborrowed.

Section 2.02 <u>Evidence of Debt</u>.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) Each Holdco Term Lender may maintain in accordance with its usual practice an account or accounts evidencing the Indebtedness of Holdco Borrower to such Holdco Term Lender resulting from the Holdco Term Loan made by such Holdco Term Lender, including the amounts of principal and interest payable and paid to such Holdco Term Lender from time to time hereunder. In the case of a Holdco Term Lender that does not request execution and delivery of a Note evidencing the Holdco Term Loan made by such Holdco Term Lender to Holdco Borrower, such account or accounts shall, to the extent not inconsistent with the notations made by the Holdco Term Loan Administrative Agent in the Register, be conclusive and binding on Holdco Borrower absent manifest error; <u>provided</u> that the failure of any Holdco Term Lender to maintain such account or accounts or any error in any such account shall not limit or otherwise affect any obligations of Holdco Borrower.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) Holdco Borrower agrees that, upon the request to the Holdco Term Loan Administrative Agent by any Holdco Term Lender, Holdco Borrower will execute and deliver to such Holdco Term Lender, as applicable, a promissory note (a "<u>Note</u>") substantially in the form of <u>Exhibit B</u> payable to such Holdco Term Lender in an amount equal to such Holdco Term Lender's Holdco Term Loan evidencing the Holdco Term Loan made by such Holdco Term Lender. Holdco Borrower hereby irrevocably authorizes each Holdco Term Lender to make (or cause to be made) appropriate notations on the grid attached to such Holdco Term Lender's Notes (or on any continuation of such grid), which notations, if made, shall evidence, inter alia, the date of, the outstanding principal amount of, and the interest rate applicable to the Holdco Term Loan evidenced thereby. Such notations shall, to the extent not inconsistent with the notations made by the Holdco Term Loan Administrative Agent in the Register, be conclusive and binding on Holdco Borrower absent manifest error; <u>provided</u> that the failure of any Holdco Term Lender to make any such notations or any error in any such notations shall not limit or otherwise affect any obligations of Holdco Borrower. A Note and the obligation evidenced thereby may be assigned or otherwise transferred in whole or in part only in accordance with <u>Section 8.02(b)</u>.

Section 2.03 <u>Fees</u>. Subject to Section 9.08 (*Obligation Payment Waterfall*) of the Common Terms and Term Intercreditor Agreement in all respects:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) <u>[Reserved]</u>.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) <u>Payment of Fees</u>. All fees that may be payable by Holdco Borrower to any Holdco Term Lender hereunder from time to time pursuant to a written agreement between Holdco Borrower and such Holdco Term Lender shall be paid on the dates due, in Dollars and immediately available funds, to the Holdco Term Loan Administrative Agent for distribution to the Holdco Term Lenders entitled thereto. Fees paid shall not be refundable under any circumstances absent manifest error.

Section 2.04 <u>Increased Costs</u>.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) <u>Increased Costs Generally</u>. If any Change in Law shall:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i) impose, modify or deem applicable any reserve, special deposit or similar requirement (including any such requirement imposed by the Board under Regulation D or otherwise) against assets of, deposits with or for account of, or credit extended by, any Holdco Term Lender; or

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(ii) impose on any Holdco Term Lender any other condition not otherwise contemplated hereunder affecting this Agreement or the Holdco Term Loan made by such Holdco Term Lender; and the result of any of the foregoing shall be to increase the cost to such Holdco Term Lender of making or maintaining any Holdco Term Loan (or of maintaining its obligation to make any such Holdco Term Loan) to Holdco Borrower or to increase the cost to such Holdco Term Lender or to reduce the amount of any sum received or receivable by such Holdco Term Lender hereunder (whether of principal, interest or otherwise), then Holdco Borrower will pay to such Holdco Term Lender such additional amount or amounts as will compensate such Holdco Term Lender for such additional costs incurred or reduction suffered.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) <u>Capital Requirements</u>. If any Holdco Term Lender reasonably determines that any Change in Law regarding capital or liquidity requirements has or would have the effect of reducing the rate of return on such Holdco Term Lender's capital or on the capital of such Holdco Term Lender's holding company, if any, as a consequence of this Agreement or the Holdco Term Loan made by such Holdco Term Lender to a level below that which such Holdco Term Lender or such Holdco Term Lender's holding company could have achieved but for such Change in Law (taking into consideration such Holdco Term Lender's policies and the policies of such Holdco Term Lender's holding company with respect to capital adequacy), then from time to time Holdco Borrower will pay to such Holdco Term Lender such additional amount or amounts as will compensate such Holdco Term Lender or such Holdco Term Lender's holding company for any such reduction suffered.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) <u>Certificates from Holdco Term Lenders</u>. A certificate of a Holdco Term Lender setting forth calculations in reasonable detail of the amount or amounts necessary to compensate such Holdco Term Lender or its respective holding company, as the case may be, as specified in <u>Section 2.04(a)</u> or <u>Section 2.04(b)</u> shall be delivered to Holdco Borrower and shall be conclusive absent manifest error. Holdco Borrower shall pay such Holdco Term Lender the amount shown as due on any such certificate within thirty (30) Business Days after receipt thereof.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(d) <u>Delay in Requests</u>. Promptly after any Holdco Term Lender has determined that it will make a request for increased compensation pursuant to this <u>Section 2.04</u>, such Holdco Term Lender shall notify Holdco Borrower thereof. Failure or delay on the part of any Holdco Term Lender to demand compensation pursuant to this Section shall not constitute a waiver of such Holdco Term Lender's right to demand such compensation; <u>provided</u> that Holdco Borrower shall not be required to compensate a Holdco Term Lender pursuant to this <u>Section 2.04</u> for any increased costs or reductions incurred more than ninety (90) days prior to the date that such Holdco Term Lender notifies Holdco Borrower of the Change in Law giving rise to such increased costs or reductions and of such Holdco Term Lender's intention to claim compensation therefor; <u>provided further</u> that, if the Change in Law giving rise to such increased costs or reductions is retroactive, then the ninety (90)-day period referred to above shall be extended to include the period of retroactive effect thereof.

Section 2.05 <u>Taxes</u>.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) <u>Payments Free of Taxes</u>. Any and all payments by or on account of any obligation of Holdco Borrower hereunder or under any other Holdco Term Financing Document shall be made free and clear of and without withholding or deduction for any Taxes; <u>provided</u> that if Holdco Borrower (or the applicable withholding agent) shall be required by law to withhold or deduct any Taxes from such payments, then Holdco Borrower shall make or shall cause to be made such withholdings and deductions and shall pay or shall cause to be paid the full amount withheld and deducted to the relevant Governmental Authority in accordance with Applicable Law.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) <u>Forms</u>. (i) Any of the Holdco Term Loan Administrative Agent, the Holdco Term Collateral Agent or any Holdco Term Lender (including any assignee Holdco Term Lender) that is legally entitled to an exemption from or reduction of withholding tax under the law of the jurisdiction in which Holdco Borrower is located with respect to payments under this Agreement shall deliver to Holdco Borrower (with a copy to the Holdco Term Loan Administrative Agent), at the time or times reasonably requested in writing by Holdco Borrower, the Holdco Term Collateral Agent or the Holdco Term Loan Administrative Agent, such properly completed and executed documentation prescribed by Applicable Law as will permit such payments to be made without or at a reduced rate of, withholding. In addition, any of the Holdco Term Loan Administrative Agent, the Holdco Term Collateral Agent or any Holdco Term Lender, if reasonably requested in writing by Holdco Borrower or the Holdco Term Loan Administrative Agent, shall deliver such other documentation prescribed by law or reasonably requested by Holdco Borrower or the Holdco Term Loan Administrative Agent as will enable Holdco Borrower or the Holdco Term Loan Administrative Agent to determine whether or not such Holdco Term Lender is subject to any withholding tax. Upon the reasonable written request of Holdco Borrower or the Holdco Term Loan Administrative Agent, or if any form or certification previously delivered expires or becomes obsolete or inaccurate, any Holdco Term Lender shall update any such form or certification previously delivered pursuant to this <u>Section 2.05(b)(i)</u>. Notwithstanding anything to the contrary in the preceding three sentences, the completion, execution and submission of such documentation shall not be required if in the Holdco Term Lender's judgment such completion, execution or submission would subject such Holdco Term Lender to any material unreimbursed cost or expense or would materially prejudice the legal or commercial position of such Holdco Term Lender.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(ii) Without limiting the generality of the foregoing, in the event that Holdco Borrower is a US Person,

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(A) any Holdco Term Lender that is a US Person shall deliver to Holdco Borrower and the Holdco Term Loan Administrative Agent on or prior to the date on which such Holdco Term Lender becomes a party to this Agreement (and from time to time thereafter upon the reasonable request of Holdco Borrower or the Holdco Term Loan Administrative Agent), executed copies of IRS Form W-9 certifying that such Holdco Term Lender is exempt from U.S. federal backup withholding tax;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(B) any Holdco Term Lender who is not a US Person shall, to the extent it is legally entitled to do so, deliver to Holdco Borrower and the Holdco Term Loan Administrative Agent (in such number of copies as shall be requested by the recipient) on or prior to the date on which such Holdco Term Lender becomes a party to this Agreement (and from time to time thereafter upon the reasonable request of Holdco Borrower or the Holdco Term Loan Administrative Agent), whichever of the following is applicable:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(I) in the case of a Holdco Term Lender who is not a US Person claiming the benefits of an income tax treaty to which the United States is a party (x) with respect to payments of interest under this Agreement or any Holdco Term Financing Document, executed copies of IRS Form W-8BEN or W-8BEN-E establishing an exemption from, or reduction of, U.S. federal withholding Tax pursuant to the "interest" article (in the case of interest with respect to any portion of the Holdco Term Loans or other loans hereunder that are treated as indebtedness for U.S. federal income tax purposes, as determined by Holdco Borrower in accordance with its organizational documents ("<u>Tax Indebtedness</u>")) or the "dividends" article (in the case of interest with respect to any portion of the Holdco Term Loans or other loans hereunder that are not Tax Indebtedness) of such tax treaty and (y) with respect to any other applicable payments under this Agreement or any Holdco Term Financing Document, IRS Form W-8BEN or W-8BEN-E 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;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(II) executed copies of IRS Form W-8ECI;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(III) in the case of a Holdco Term Lender who is not a US Person claiming the benefits of the exemption for portfolio interest under Section 881(c) of the Code with respect to interest in respect of any Tax Indebtedness, (x) a certificate to the effect that such Holdco Term Lender is not a "bank" within the meaning of Section 881(c)(3)(A) of the Code, a "10 percent shareholder" of Holdco 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>U.S. Tax Compliance Certificate</u>") and (y) executed copies of IRS Form W-8BEN or W-8BEN-E, as applicable; or

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(IV) to the extent a Holdco Term Lender who is not a US Person is not the beneficial owner, executed copies of IRS Form W-8IMY, accompanied by IRS Form W-8ECI, IRS Form W-8BEN or W-8BEN-E, as applicable, a U.S. Tax Compliance Certificate, IRS Form W-9, and/or other certification documents from each beneficial owner, as applicable; <u>provided</u> that if such Holdco Term Lender is a partnership and one or more direct or indirect partners of such Holdco Term Lender are claiming the portfolio interest exemption with respect to interest in respect of any Tax Indebtedness, such Holdco Term Lender may provide a U.S. Tax Compliance Certificate on behalf of each such direct and indirect partner.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) If a payment made to the Holdco Term Loan Administrative Agent, the Holdco Term Collateral Agent or any Holdco Term Lender under this Agreement would be subject to U.S. federal withholding Tax imposed by the Foreign Account Tax Compliance Act ("<u>FATCA</u>") if such Holdco Term Loan Administrative Agent, Holdco Term Collateral Agent or Holdco Term 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 Holdco Term Loan Administrative Agent, Holdco Term Collateral Agent or Holdco Term Lender shall deliver to Holdco Borrower and the Holdco Term Loan Administrative Agent at the time or times prescribed by law and at such time or times reasonably requested by Holdco Borrower or the Holdco Term Loan 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 Holdco Borrower or the Holdco Term Loan Administrative Agent as may be necessary for Holdco Borrower and the Holdco Term Loan Administrative Agent to comply with their obligations under FATCA and to determine that such Holdco Term Lender has complied with such Person's obligations under FATCA or to determine the amount to deduct and withhold from such payment. Solely for purposes of this clause, "FATCA" shall include any amendments made to FATCA after the date of this Agreement.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(d) <u>Survival</u>. Each party's obligations under this <u>Section 2.05</u> shall survive the resignation or replacement of the Holdco Term Loan Administrative Agent or any assignment of rights by, or the replacement of, a Holdco Term Lender, the termination of the Holdco Term Loans and the repayment, satisfaction or discharge of all obligations under any Holdco Term Financing Documents.

Section 2.06 <u>Change of Lending Office</u>. If any Holdco Term Lender requests compensation under <u>Section 2.04</u>, then such Holdco Term Lender shall (i) file any certificate or document reasonably requested in writing by Holdco Borrower and/or (ii) use reasonable efforts to designate a different Lending Office for funding or booking its Holdco Term Loan hereunder or to assign its rights and obligations hereunder to another of its offices, branches or affiliates, if, in the sole judgment of such Holdco Term Lender exercised in good faith, such designation or assignment (x) would eliminate or reduce amounts payable pursuant to <u>Section 2.04</u> in the future and (y) would not subject such Holdco Term Lender to any unreimbursed cost or expense and would not otherwise be disadvantageous to such Holdco Term Lender in any material respect. Holdco Borrower hereby agrees to pay all reasonable costs and expenses incurred by any Holdco Term Lender in connection with any such designation or assignment.

Section 2.07 <u>Acknowledgement and Consent to Bail-In of EEA Financial Institutions</u>. Notwithstanding anything to the contrary in any Holdco Term Financing Document or in any other agreement, arrangement or understanding among any such parties, each party hereto acknowledges that any liability of any EEA Financial Institution arising under any Holdco Term Financing Document, to the extent such liability is unsecured, may be subject to the Write-Down and Conversion Powers of an EEA Resolution Authority and agrees and consents to, and acknowledges and agrees to be bound by:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) the application of any Write-Down and Conversion Powers by an EEA Resolution Authority to any such liabilities arising hereunder which may be payable to it by any party hereto that is an EEA Financial Institution; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) the effects of any Bail-In Action on any such liability, including, if applicable:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i) a reduction in full or in part or cancellation of any such liability;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(ii) a conversion of all, or a portion of, such liability into shares or other instruments of ownership in such EEA Financial Institution, its parent undertaking, or a bridge institution that may be issued to it or otherwise conferred on it, and that such shares or other instruments of ownership will be accepted by it in lieu of any rights with respect to any such liability under this Agreement or any other Holdco Term Financing Document; or

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(iii) the variation of the terms of such liability in connection with the exercise of the Write-Down and Conversion Powers of any EEA Resolution Authority.

Section 2.08 <u>Holdco Term Loan Payment Waterfall</u>. Any payments of Holdco Term Obligations held by the Holdco Term Lenders pursuant to Section 9.08 (*Obligation Payment Waterfall*) of the Common Terms and Term Intercreditor Agreement shall be applied in the applicable order of priority set forth in <u>Schedule 1</u>.

Section 2.09 <u>Incorporation by Reference</u>. The provisions of Section 2.05(a) (*Optional Prepayments*), Section 2.06 (*Payments Generally; Ratable Treatment; Sharing of Setoffs*) and Section 2.07 (*Interest*) of the Common Terms and Term Intercreditor Agreement are hereby incorporated by reference as if fully set forth herein, *mutatis mutandis*.

Article III

REPRESENTATIONS AND WARRANTIES

Section 3.01 <u>Incorporation of Common Terms and Term Intercreditor Agreement</u>. The representations and warranties set forth in Article III (*Representations and Warranties*) of the Common Terms and Term Intercreditor Agreement have been made to and for the benefit of each of the Holdco Term Lenders and shall apply *mutatis mutandis* to this <u>Article III</u> as if fully set forth herein.

Article IV

CONDITIONS

Section 4.01 <u>Conditions to the Closing Date</u>. The occurrence of the Closing Date and the conversion of certain obligations of the Holdco Term Lenders under the Existing DIP Term Loan Credit Agreement and Prepetition Term Loan Agreement into Holdco Term Loans pursuant to <u>Section 2.01</u> are subject to satisfaction of the conditions precedent set forth in Section 4.01 (*Conditions to Closing Date*) of the Common Terms and Term Intercreditor Agreement, each of which shall be reasonably satisfactory in form and substance to the Holdco Term Loan Administrative Agent and each Holdco Term Lender (unless waived by each Holdco Term Lender in accordance with Section 10.02 (*Amendments, Etc.*) of the Common Terms and Term Intercreditor Agreement).

Article V

COVENANTS

Section 5.01 <u>Covenants</u>. The covenants set forth in Article V (*Affirmative Covenants*) and Article VI (*Negative Covenants*) of the Common Terms and Term Intercreditor Agreement have been made to and for the benefit of each of the Holdco Term Lenders and shall apply *mutatis mutandis* to this <u>Article V</u> as if fully set forth herein.

Article VI

EVENTS OF DEFAULT

Section 6.01 <u>Events of Default</u>. The occurrence of any Event of Default under the Common Terms and Term Intercreditor Agreement shall constitute an event of default under this Agreement, subject to all of the relevant provisions of the Common Terms and Term Intercreditor Agreement.

Article VII

THE AGENTS

Section 7.01 <u>Appointment and Authorization of the Holdco Term Loan Administrative Agent</u>.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) Each of the Holdco Term Lenders hereby irrevocably appoints the Holdco Term Loan Administrative Agent to act on its behalf as its agent hereunder and under the other Holdco Term Financing Documents and authorizes the Holdco Term Loan Administrative Agent in such capacity, to take such actions on its behalf and to exercise such powers as are delegated to it by the terms hereof or thereof, together with such actions and powers as are reasonably incidental thereto. Each of the Holdco Term Lenders hereby irrevocably appoints the Holdco Term Collateral Agent to act on its behalf as its agent under the Common Terms and Term Intercreditor Agreement and other Holdco Term Financing Documents and authorizes the Holdco Term Collateral Agent in such capacity, to take such actions on its behalf and to exercise such powers as are delegated to it by the terms thereof, together with such actions and powers as are reasonably incidental thereto. The Holdco Term Loan Administrative Agent, by executing this Agreement, hereby accepts such appointment. The provisions of this Article are solely for the benefit of the Agents and the Holdco Term Lenders (other than the express rights of Holdco Borrower under <u>Section 7.07</u>), and Holdco Borrower shall have no rights as a third party beneficiary of any of such provisions.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) The Holdco Term Loan Administrative Agent hereby agrees, and each Holdco Term Lender (and each Person that becomes a Holdco Term Lender hereunder pursuant to <u>Section 8.02</u>) hereby authorizes, directs and requires the Holdco Term Loan Administrative Agent to (i) execute, deliver and perform each of the Holdco Term Financing Documents to which such Agent is intended to be a party on behalf of such Holdco Term Lender and (ii) enter into amendments and other modifications of the Holdco Term Financing Documents solely to the extent expressly permitted in accordance with <u>Section 10.02(b)</u> (*Amendments*) of the Common Terms and Term Intercreditor Agreement.

Section 7.02 <u>Rights as a Holdco Term Lender</u>. The Holdco Term Loan Administrative Agent shall have the same rights and powers in its capacity as a Holdco Term Lender as any other Holdco Term Lender and may exercise the same as though it were not an Agent, and such Person and its Affiliates may accept deposits from, lend money to and generally engage in any kind of business with Holdco Borrower or any of Subsidiary or other Affiliate thereof as if it were not an Agent hereunder.

Section 7.03 <u>Duties of Agent; Exculpatory Provisions</u>. The Holdco Term Loan Administrative Agent shall not have any duties or obligations except those expressly set forth herein and in the other Holdco Term Financing Documents. All communications, notices, financial statements, projections, reports and other information received by the Holdco Term Loan Administrative Agent in relation to Holdco Term Financing Documents must be provided to each Holdco Term Lender within one (1) Business Day after receipt. Without limiting the generality of the foregoing, the Holdco Term Loan Administrative Agent (a) shall not be subject to any fiduciary or other implied duties, regardless of whether a Default or Event of 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 Holdco Term Financing Documents that such Agent is required to exercise, and (c) shall not, except as expressly set forth herein and in the other Holdco Term Financing Documents, have any duty to disclose, and shall not be liable for the failure to disclose, any information relating to Holdco Borrower or any of its Subsidiaries that is communicated to or obtained by the financial institution serving as an Agent or any of its Affiliates in any capacity. The Holdco Term Loan Administrative Agent shall not be liable for any action taken or not taken by it with the consent or at the request of the Holdco Term Lenders or in the absence of its own gross negligence or willful misconduct as determined by a court of competent jurisdiction in a final, non-appealable decision. The Holdco Term Loan Administrative Agent shall not be deemed to have knowledge of any Default or Event of Default unless and until written notice thereof is given to such Agent by Holdco Borrower or a Holdco Term Lender, and the Holdco Term Loan Administrative Agent shall not be responsible for or have any duty to ascertain or inquire into (i) any statement, warranty or representation made in or in connection with this Agreement or any other Holdco Term Financing Document, (ii) the contents of any certificate, report or other document delivered hereunder or thereunder or in connection herewith or therewith, (iii) the performance or observance of any of the covenants, agreements or other terms or conditions set forth herein or therein, (iv) the validity, enforceability, effectiveness or genuineness of this Agreement, any other Holdco Term Financing Document or any other agreement, instrument or document, or (v) the satisfaction of any condition set forth in Article IV (*Conditions*) of the Common Terms and Term Intercreditor Agreement or elsewhere herein or therein, other than to confirm receipt of items expressly required to be delivered to such Agent.

Section 7.04 <u>Reliance by Holdco Term Loan Administrative Agent</u>. The Holdco Term Loan Administrative Agent shall be entitled to rely upon, and shall not incur any liability for relying upon, any notice, request, certificate, consent, statement, instrument, document or other writing believed by it to be genuine and to have been signed or sent by the proper Person. The Holdco Term Loan Administrative Agent also may rely upon any statement made to it orally or by telephone and believed by it to be made by the proper Person, and shall not incur any liability for relying thereon. The Holdco Term Loan Administrative Agent may consult with legal counsel, 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.

Section 7.05 <u>Delegation of Duties</u>. The Holdco Term Loan Administrative Agent may perform any and all its duties and exercise its rights and powers by or through any one or more sub-agents appointed by such Agent. The Holdco Term Loan Administrative Agent and any such sub-agent may perform any and all its duties and exercise its rights and powers through their respective Related Parties. The exculpatory provisions of the preceding paragraphs shall apply to any such sub-agent and to the Related Parties of the Holdco Term Loan Administrative Agent and any such sub-agent, and shall apply to their respective activities as well as activities as the Holdco Term Loan Administrative Agent.

Section 7.06 <u>Withholding of Taxes by the Holdco Term Loan Administrative Agent; Indemnification</u>. To the extent required by any Applicable Law, the Holdco Term Loan Administrative Agent may withhold from any payment to any Holdco Term Lender an amount equivalent to any applicable withholding Taxes. If any Governmental Authority asserts a claim that the Holdco Term Loan Administrative Agent did not properly withhold Taxes from amounts paid to or for the account of any Holdco Term Lender because the appropriate form was not delivered or was not properly executed or because such Holdco Term Lender failed to notify the Holdco Term Loan Administrative Agent of a change in circumstance which rendered the exemption from, or reduction of, withholding Taxes ineffective or for any other reason, or if the Holdco Term Loan Administrative Agent reasonably determines that a payment was made to a Holdco Term Lender pursuant to this Agreement without deduction of applicable withholding tax from such payment, such Holdco Term Lender shall promptly indemnify the Holdco Term Loan Administrative Agent fully for all amounts paid, directly or indirectly, by Holdco Term Loan Administrative Agent as Taxes or otherwise, including any penalties or interest and together with all expenses (including legal expenses, allocated internal costs and out-of-pocket expenses) incurred. Each Holdco Term Lender shall severally indemnify the Holdco Term Loan Administrative Agent, within ten days after demand therefor, for (i) any Taxes attributable to such Person, and (ii) any Taxes attributable to such Person's failure to comply with the provisions of <u>Section 8.02(f)</u> relating to the maintenance of a Participant Register, in each case, that are payable or paid by the Holdco Term Loan Administrative Agent in connection with any Holdco Term Financing 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 the amount of such payment or liability delivered to any Holdco Term Lender by the Holdco Term Loan Administrative Agent shall be conclusive absent manifest error. Each Holdco Term Lender hereby authorizes the Holdco Term Loan Administrative Agent to set off and apply any and all amounts at any time owing to such Holdco Term Lender under any Holdco Term Financing Document or otherwise payable by the Holdco Term Loan Administrative Agent to the Holdco Term Lender from any other source against any amount due to the Holdco Term Loan Administrative Agent under this <u>Section 7.06</u>.

Section 7.07 <u>Resignation of Holdco Term Loan Administrative Agent</u>. The Holdco Term Loan Administrative Agent may resign at any time upon thirty days' notice by notifying the Holdco Term Lenders and Holdco Borrower, and the Holdco Term Loan Administrative Agent may be removed at any time by the Required Holdco Term Lenders (with a prior written notice to Holdco Borrower). Upon any such resignation or removal, the Required Holdco Term Lenders shall have the right, with the consent of Holdco Borrower (such consent not to be unreasonably withheld), to appoint a successor Holdco Term Loan Administrative Agent. If no successor shall have been so appointed by the Required Holdco Term Lenders and approved by Holdco Borrower and shall have accepted such appointment within thirty (30) days after the retiring Agent gives notice of its resignation, then the retiring Agent may, on behalf of the Holdco Term Lenders, appoint a successor Holdco Term Loan Administrative Agent, which shall be a Holdco Term Lender with an office in New York, New York, an Affiliate of a Holdco Term Lender or a financial institution with an office in New York, New York having a combined capital and surplus that is not less than $250,000,000. Upon the acceptance of its appointment as Holdco Term Loan Administrative Agent hereunder by a successor, such successor shall succeed to and become vested with all the rights, powers, privileges and duties of the retiring (or retired) Agent and the retiring Agent shall be discharged from its duties and obligations hereunder (if not already discharged therefrom as provided above in this <u>Section 7.07</u>). The fees payable by Holdco Borrower to a successor Holdco Term Loan Administrative Agent shall be the same as those payable to its predecessor unless otherwise agreed between Holdco Borrower and such successor. After the Holdco Term Loan Administrative Agent's resignation or removal hereunder, the provisions of this Article and Section 10.03 (*Expenses; Indemnity; Etc.*) of the Common Terms and Term Intercreditor Agreement shall continue in effect for its benefit in respect of any actions taken or omitted to be taken by it while it was acting as Holdco Term Loan Administrative Agent.

Section 7.08 <u>Non-Reliance on Holdco Term Loan Administrative Agent or Other Holdco Term Lenders</u>. Each Holdco Term Lender acknowledges that it has, independently and without reliance upon the Holdco Term Loan Administrative Agent, the Affiliates of any Agent or any other Holdco Term Lender 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 Holdco Term Lender also acknowledges that it will, independently and without reliance upon the Holdco Term Loan Administrative Agent, the Affiliates of such Agent or any other Holdco Term Lender 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 Holdco Term Financing Document or any related agreement or any document furnished hereunder or thereunder.

Section 7.09 <u>No Other Duties; Etc</u>. The parties agree that the Holdco Term Loan Administrative Agent shall not have any obligations, liability or responsibility under or in connection with this Agreement and the other Holdco Term Financing Documents and that the Holdco Term Loan Administrative Agent shall not have any obligations, liabilities or responsibilities except for those expressly set forth herein and in the other Holdco Term Financing Documents.

Section 7.10 <u>Certain ERISA Matters</u>.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) Each Holdco Term Lender (x) represents and warrants, as of the date such Person became a Holdco Term Lender party hereto, to, and (y) covenants, from the date such Person became a Holdco Term Lender party hereto to the date such Person ceases being a Holdco Term Lender party hereto, for the benefit of the Holdco Term Loan Administrative Agent and each of its Affiliates, and not, for the avoidance of doubt, to or for the benefit of Holdco Borrower or any other Company Party, that at least one of the following is and will be true:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i) such Holdco Term Lender is not using "plan assets" (within the meaning of 29 CFR § 2510.3-101, as modified by Section 3(42) of ERISA) of one or more employee benefit plans (as defined in Section 3(3) of ERISA) in connection with the Holdco Term Loans;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(ii) the prohibited transaction exemption set forth in one or more PTEs, such as PTE 84-14 (a class exemption for certain transactions determined by independent qualified professional asset managers), PTE 95-60 (a class exemption for certain transactions involving insurance company general accounts), PTE 90-1 (a class exemption for certain transactions involving insurance company pooled separate accounts), PTE 91-38 (a class exemption for certain transactions involving bank collective investment funds) or PTE 96-23 (a class exemption for certain transactions determined by in-house asset managers), is applicable so as to exempt from the prohibitions of ERISA Section 406 and Code Section 4975, such Holdco Term Lender's entrance into, participation in, administration of and performance of the Holdco Term Loans and this Agreement;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(iii) (A) such Holdco Term Lender is an investment fund managed by a "Qualified Professional Asset Manager" (within the meaning of Part VI of PTE 84-14), (B) such Qualified Professional Asset Manager made the investment decision on behalf of such Holdco Term Lender to enter into, participate in, administer and perform the Holdco Term Loans and this Agreement, (C) the entrance into, participation in, administration of and performance of the Holdco Term Loans and this Agreement satisfies the requirements of sub-sections (b) through (g) and subsection (k) of Part I of PTE 84-14 and (D) to the best knowledge of such Holdco Term Lender, the requirements of subsection (a) of Part I of PTE 84-14 are satisfied with respect to such Holdco Term Lender's entrance into, participation in, administration of and performance of the Holdco Term Loans and this Agreement; or

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(iv) such other representation, warranty and covenant as may be agreed in writing between the applicable Holdco Term Loan Administrative Agent, in its sole discretion, and such Holdco Term Lender.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) In addition, unless sub-clause (i) in the immediately preceding clause (a) is true with respect to a Holdco Term Lender or such Holdco Term Lender has not provided another representation, warranty and covenant as provided in sub-clause (iv) in the immediately preceding clause (a), such Holdco Term Lender further (x) represents and warrants, as of the date such Person became a Holdco Term Lender party hereto, to, and (y) covenants, from the date such Person became a Holdco Term Lender party hereto to the date such Person ceases being a Holdco Term Lender party hereto, for the benefit of the Holdco Term Loan Administrative Agent and each of its Affiliates, and not, for the avoidance of doubt, to or for the benefit of Holdco Borrower or any other Company Party, that none of the Holdco Term Loan Administrative Agent or its respective Affiliates is a fiduciary with respect to the assets of such Holdco Term Lender (including in connection with the reservation or exercise of any rights by the Holdco Term Loan Administrative Agent under this Agreement, any Holdco Term Financing Document or any documents related to hereto or thereto).

Article VIII

MISCELLANEOUS

Section 8.01 <u>Incorporation by Reference</u>. The provisions of Section 10.01 (*Notices*), Section 10.03 (*Expenses; Indemnity; Etc.*), Section 10.05 (*Survival*), Section 10.06 (*Counterparts; Integration; Effectiveness*), Section 10.07 (*Severability*), Section 10.08 (*Right of Setoff*), Section 10.09 (*Governing Law; Jurisdiction; Etc.*), Section 10.10 (*Headings*), Section 10.11 (*Confidentiality*), Section 10.12 (*Non-Recourse*), Section 10.13 (*No Third Party Beneficiaries*), Section 10.14 (*Reinstatement*), Section 10.15 (*USA PATRIOT Act*), Section 10.16 (*Electronic Execution of Assignments and Certain Other Documents.*), Section 10.17 (*USURY*) and Section 10.18 (*Certain Tax Matters*) of the Common Terms and Term Intercreditor Agreement are hereby incorporated by reference as if fully set forth herein, *mutatis mutandis*.

Section 8.02 <u>Successors and Assigns</u>.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) <u>Assignments Generally</u>. The provisions of this Agreement shall be binding upon and inure to the benefit of the parties hereto and their respective successors and assigns permitted hereby, except that (i) Holdco Borrower may not assign or otherwise transfer, directly or indirectly, any of their respective rights or obligations hereunder or under any other Holdco Term Financing Document without the prior written consent of each Holdco Term Lender (and any attempted assignment or transfer by such Holdco Term Financing Party without such consent shall be null and void) and (ii) no Holdco Term Lender may assign or otherwise transfer, directly or indirectly, any of its rights or obligations hereunder except in accordance with this <u>Section 8.02</u>. 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 <u>Section 8.02(f)</u>) and, to the extent expressly contemplated hereby, the Indemnified Parties referred to in Section 10.03(b) (*Indemnification by Holdco Borrower*) of the Common Terms and Term Intercreditor Agreement and the Related Parties of each of the Holdco Term Loan Administrative Agent and the Holdco Term Lenders) any legal or equitable right, remedy or claim under or by reason of this Agreement.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) <u>Assignments by Holdco Term Lenders</u>. Any Holdco Term Lender may assign to one or more Persons all or a portion of its rights and obligations under this Agreement (including all or a portion of its Holdco Term Loan at the time owing to it); <u>provided</u> that:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i) except in the case of an assignment to a Holdco Term Lender or an Affiliate or Related Fund of a Holdco Term Lender, the amount of the Holdco Term Loan of the assigning Holdco Term Lender subject to each such assignment (determined as of the date the Assignment and Assumption with respect to such assignment is delivered to the Holdco Term Loan Administrative Agent) shall not be less than $500,000 unless Holdco Borrower and the Holdco Term Loan Administrative Agent otherwise consent;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(ii) except in the case of an assignment to a Holdco Term Lender or an Affiliate or Related Fund of a Holdco Term Lender, the Holdco Term Loan Administrative Agent must give its prior written consent to such assignment, not to be unreasonably withheld, conditioned or delayed;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(iii) each partial assignment shall be made as an assignment of a proportionate part of all the assigning Holdco Term Lender's rights and obligations under this Agreement;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(iv) except in the case of an assignment to an Affiliate, the parties to each assignment shall execute and deliver to the Holdco Term Loan Administrative Agent an Assignment and Assumption, together with a processing and recordation fee of $3,500; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(v) the assignee, if it shall not be a Holdco Term Lender, shall deliver to the Holdco Term Loan Administrative Agent an Administrative Questionnaire.

<u>provided further</u> that any consent of Holdco Borrower otherwise required under this clause (b) shall not be required if any Event of Default under Sections 7.01(a), (b) or, solely with respect to Holdco Borrower, (f) of the Common Terms and Term Intercreditor Agreement has occurred and is continuing and shall be deemed given if Holdco Borrower has not responded to a request for such consent within five (5) Business Days of the request. Upon acceptance and recording pursuant to <u>Section 8.02(d)</u>, from and after the effective date specified in each Assignment and Assumption, the assignee thereunder shall be a party hereto and, to the extent of the interest assigned by such Assignment and Assumption, have the rights and obligations of a Holdco Term Lender under this Agreement, and the assigning Holdco Term 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 Holdco Term Lender's rights and obligations under this Agreement, such Holdco Term Lender shall cease to be a party hereto but shall continue to be entitled to the benefits of Sections 2.07 (*Payments Generally; Ratable Treatment; Sharing of Setoffs*) and 10.03 (*Expenses; Indemnity; Etc.*) of the Common Terms and Term Intercreditor Agreement). Any assignment or transfer by a Holdco Term Lender of rights or obligations under this Agreement that does not comply with this <u>Section 8.02(b)</u> shall be treated for purposes of this Agreement as a sale by such Holdco Term Lender of a participation in such rights and obligations in accordance with <u>Section 8.02(f)</u>.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) <u>Maintenance of Register by the Holdco Term Loan Administrative Agent</u>. The Holdco Term Loan Administrative Agent, acting for this purpose as an agent of Holdco Borrower, shall maintain at one of its offices in New York City a copy of each Assignment and Assumption delivered to it and a register for the recordation of the names and addresses of the Holdco Term Lenders, principal amount of the Holdco Term Loan owing to each Holdco Term Lender pursuant to the terms hereof from time to time and the amount of any Accrued Interest owing from time to time (the "<u>Register</u>"). The entries in the Register shall be conclusive absent manifest error, and Holdco Borrower, the Holdco Term Loan Administrative Agent and the Holdco Term Lenders may treat each Person whose name is recorded in the Register pursuant to the terms hereof as a Holdco Term Lender hereunder for all purposes of this Agreement, notwithstanding notice to the contrary. The Register shall be available for inspection by Holdco Borrower and any Holdco Term Lender, at any reasonable time and from time to time upon reasonable prior notice. The Holdco Term Loan Administrative Agent shall give to any Holdco Term Lender promptly upon request therefor, a complete and correct copy of the names and addresses of all registered Holdco Term Lenders.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(d) <u>Effectiveness of Assignments</u>. Upon its receipt of a duly completed Assignment and Assumption executed by an assigning Holdco Term Lender and an assignee, the assignee's completed Administrative Questionnaire (unless the assignee shall already be a Holdco Term Lender hereunder), the processing and recordation fee referred to in <u>Section 8.02(b)</u> and any written consent to such assignment required by <u>Section 8.02(b)</u>, the Holdco Term Loan Administrative Agent shall accept such Assignment and Assumption and record the information contained therein in the Register. No assignment shall be effective for purposes of this Agreement unless it has been recorded in the Register as provided in this <u>Section 8.02(d)</u>.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(e) <u>Limitations on Rights of Assignees</u>. An assignee Holdco Term Lender shall not be entitled to receive any greater payment under Section 2.07 (*Payments Generally; Ratable Treatment; Sharing of Setoffs*) of the Common Terms and Term Intercreditor Agreement than the assigning Holdco Term Lender would have been entitled to receive with respect to the interest assigned to such assignee (based on the circumstances existing at the time of the assignment), unless Holdco Borrower's prior written consent has been obtained therefor.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(f) <u>Participations</u>. Any Holdco Term Lender may, without the consent of Holdco Borrower or the Holdco Term Loan Administrative Agent, sell participations to one or more banks or other entities (a "<u>Participant</u>") in all or a portion of such Holdco Term Lender's rights and obligations under this Agreement and the other Holdco Term Financing Documents (including all or a portion of the Holdco Term Loan owing to it); <u>provided</u> that (i) such Holdco Term Lender's obligations under this Agreement and the other Holdco Term Financing Documents shall remain unchanged, (ii) such Holdco Term Lender shall remain solely responsible to the other parties hereto for the performance of any such obligations and (iii) Holdco Borrower, the Holdco Term Loan Administrative Agent and the other Holdco Term Lenders shall continue to deal solely and directly with such Holdco Term Lender in connection with such Holdco Term Lender's rights and obligations under this Agreement and the other Holdco Term Financing Documents. Any agreement or instrument pursuant to which a Holdco Term Lender sells such a participation shall provide that such Holdco Term Lender shall retain the sole right to enforce this Agreement and the other Holdco Term Financing Documents and to approve any amendment, modification or waiver of any provision of this Agreement or any other Holdco Term Financing Document; <u>provided</u> that, such agreement or instrument may provide that such Holdco Term Lender will not, without the consent of the Participant, agree to any amendment, modification or waiver described in the first proviso to Section 10.02(b) (*Waivers; Amendments*) of the Common Terms and Term Intercreditor Agreement that affects such Participant. Subject to <u>Section 8.02(g)</u>, Holdco Borrower agrees that each Participant shall be entitled to the benefits of Section 2.07 (*Payments Generally; Ratable Treatment; Sharing of Setoffs*) of the Common Terms and Term Intercreditor Agreement to the same extent as if it were a Holdco Term Lender and had acquired its interest by assignment pursuant to <u>Section 8.02(b)</u>. Each Holdco Term Lender that sells a participation shall, acting solely for this purpose as a non-fiduciary agent of Holdco 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 Holdco Term Loan or other obligations under the Holdco Term Financing Documents held by it (the "<u>Participant Register</u>"); <u>provided</u> that no Holdco Term 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 Holdco Term Loan or its other obligations under any Holdco Term Financing Document) to any Person except to the extent that such disclosure is necessary to establish that such participation complies with this <u>Section 8.02</u> and that such loan or other obligation is in registered form under Section 5f.103-1(c) of the United States Treasury Regulations and Section 1.163-5(b) of the proposed United States Treasury Regulations (or any amended or successor version thereof). The entries in the Participant Register shall be conclusive absent manifest error, and such Holdco Term 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 Holdco Term Loan Administrative Agent (in its capacity as Holdco Term Loan Administrative Agent) shall have no responsibility for maintaining a Participant Register.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(g) <u>Limitations on Rights of Participants</u>. A Participant shall not be entitled to receive any greater payment under Section 2.06 (*Payments Generally; Ratable Treatment; Sharing of Setoffs*) of the Common Terms and Term Intercreditor Agreement than the applicable Holdco Term Lender would have been entitled to receive with respect to the participation sold to such Participant, unless (i) the sale of the participation to such Participant is made with Holdco Borrower's prior written consent, or (ii) such entitlement to receive a greater payment results from a Change in Law that occurs after the Participant acquired the applicable participation. A Participant shall comply with <u>Section 2.05(b)</u> as though it were a Holdco Term Lender (it being understood that the documentation required under <u>Section 2.05(b)</u> shall be delivered to the participating Holdco Term Lender).

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(h) <u>Certain Pledges</u>.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i) Any Holdco Term Lender may at any time pledge or assign a security interest in all or any portion of its rights under this Agreement to secure obligations of such Holdco Term Lender, including any such pledge or assignment to a Federal Reserve Bank, the European Central Bank or any other central bank or similar monetary authority in the jurisdiction of such Holdco Term Lender, and this Section shall not apply to any such pledge or assignment of a security interest; <u>provided</u> that no such pledge or assignment of a security interest shall release a Holdco Term Lender from any of its obligations hereunder or substitute any such pledgee or assignee for such Holdco Term Lender as a party hereto; and <u>provided further</u> that any payment in respect of such pledge or assignment made by Holdco Borrower to or for the account of the pledging or assigning Holdco Term Lender in accordance with the terms of this Agreement shall satisfy Holdco Borrower's obligations hereunder in respect of such pledged or assigned Holdco Term Loan to the extent of such payment.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(ii) Notwithstanding any other provision of this Agreement, any Holdco Term Lender may, without informing, consulting with or obtaining the consent of any other party to the Holdco Term Financing Documents and without formality under any Holdco Term Financing Documents, assign by way of security, mortgage, charge or otherwise create security by any means over, its rights under any Holdco Term Financing Document to secure the obligations of that Holdco Term Lender to any Person that would be a permitted assignee (without the consent of Holdco Borrower or any Agent) pursuant to <u>Section 8.02(a)</u> including (A) to the benefit of any of its Affiliates and/or (B) within the framework of its, or its Affiliates, direct or indirect funding operations.

Section 8.03 <u>Amendments</u>.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) No amendment or waiver of any provision of this Agreement and no consent to any departure by Holdco Borrower hereunder shall be effective unless (x) in writing signed by the Holdco Term Loan Administrative Agent, the Required Holdco Term Lenders and Holdco Borrower and (y) in accordance with Section 10.02(c)(i) (*Amendments to Holdco Term Financing Documents; Permitted Refinancings*) of the Common Terms and Term Intercreditor Agreement.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) The Holdco Term Loan Administrative Agent hereby agrees that it shall not consent to any amendment or waiver of any provision of, or consent to any departure by Holdco Borrower under, any Holdco Term Financing Document unless expressly permitted in accordance with Section 10.02(b) (*Amendments*) of the Common Terms and Term Intercreditor Agreement.

Section 8.04 <u>Common Terms and Term Intercreditor Agreement</u>.

Any actions, consents, approvals, authorizations or discretion taken, given, made or exercised, or not taken, given, made or exercised by the Holdco Term Loan Administrative Agent in accordance with the Common Terms and Term Intercreditor Agreement shall be binding on each Holdco Term Lender. Notwithstanding anything to the contrary herein, in the case of any inconsistency between this Agreement and the Common Terms and Term Intercreditor Agreement, the Common Terms and Term Intercreditor Agreement shall govern. Without limiting the foregoing, this Agreement shall be subject to, and governed by, the Common Terms and Term Intercreditor Agreement.

[Remainder of page intentionally left blank]

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

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| | |
|:---|:---|
| **GRAPEVINE ENERGY HOLDINGS, LLC,** | **GRAPEVINE ENERGY HOLDINGS, LLC,** |
| as Holdco Borrower | as Holdco Borrower |
| By: | /s/ Noah Verleun |
| Name: | Noah Verleun |
| Title: | Chief Executive Officer & President |

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[Signature Page to Holdco Term Credit Agreement]

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| | |
|:---|:---|
| **ORION FUND II NAV HOLDCO, L.P.**, as a Holdco Term Lender | **ORION FUND II NAV HOLDCO, L.P.**, as a Holdco Term Lender |
| By: | Orion Energy Credit Opportunities Fund II GP, L.P., its general partner |
| By: | Orion Energy Credit Opportunities Fund II |
|  | Holdings, LLC, its general partner |
| By: | /s/ Gerrit Nicholas |
| Name: | Gerrit Nicholas |
| Title: | Managing Partner |
| **ORION FUND II PV 2 NAV HOLDCO, L.P.,** | **ORION FUND II PV 2 NAV HOLDCO, L.P.,** |
| as a Holdco Term Lender | as a Holdco Term Lender |
| By: | Orion Energy Credit Opportunities Fund II GP, L.P., its general partner |
| By: | Orion Energy Credit Opportunities Fund II |
| Holdings, LLC, its general partner | Holdings, LLC, its general partner |
| By: | /s/ Gerrit Nicholas |
| Name: | Gerrit Nicholas |
| Title: | Managing Partner |
| **ORION FUND II GPFA NAV HOLDCO, L.P.,** | **ORION FUND II GPFA NAV HOLDCO, L.P.,** |
| as a a Holdco Term Lender | as a a Holdco Term Lender |
| By: | Orion Energy Credit Opportunities Fund II GP, L.P., its general partner |
| By: | Orion Energy Credit Opportunities Fund II |
|  | Holdings, , its general partner |
| By: | /s/ Gerrit Nicholas |
| Name: | Gerrit Nicholas |
| Title: | Managing Partner |

---

[Signature Page to Holdco Term Credit Agreement]

---

| | |
|:---|:---|
| **ORION ENERGY CREDIT OPPORTUNITIES** | **ORION ENERGY CREDIT OPPORTUNITIES** |
| **FUND III, L.P.**, as a Holdco Term Lender | **FUND III, L.P.**, as a Holdco Term Lender |
| By: | Orion Energy Credit Opportunities Fund III GP, L.P., its general partner |
| By: | Orion Energy Credit Opportunities Fund III Holdings, LLC, its general partner |
| By: | /s/ Gerrit Nicholas |
| Name: | Gerrit Nicholas |
| Title: | Managing Partner |
| **ORION ENERGY CREDIT OPPORTUNITIES FUND III PV, L.P.,** | **ORION ENERGY CREDIT OPPORTUNITIES FUND III PV, L.P.,** |
| as a Holdco Term Lender | as a Holdco Term Lender |
| By: | Orion Energy Credit Opportunities Fund III GP, L.P., its general partner |
| By: | Orion Energy Credit Opportunities Fund III Holdings, LLC, its general partner |
| By: | /s/ Gerrit Nicholas |
| Name: | Gerrit Nicholas |
| Title: | Managing Partner |
| **ORION ENERGY CREDIT OPPORTUNITIES** | **ORION ENERGY CREDIT OPPORTUNITIES** |
| **GCE CO-INVEST, L.P.**, | **GCE CO-INVEST, L.P.**, |
| as a New Super Senior Exit Term Lender | as a New Super Senior Exit Term Lender |
| By: | Orion Energy Credit Opportunities Fund III GP, L.P., its general partner |
| By: | Orion Energy Credit Opportunities Fund III Holdings, LLC, its general partner |
| By: | /s/ Gerrit Nicholas |
| Name: | Gerrit Nicholas |
| Title: | Managing Partner |

---

[Signature Page to Holdco Term Credit Agreement]

---

| | |
|:---|:---|
| **ORION ENERGY CREDIT OPPORTUNITIES FUND III GPFA, L.P., as a Holdco Term Lender** | **ORION ENERGY CREDIT OPPORTUNITIES FUND III GPFA, L.P., as a Holdco Term Lender** |
| By: | Orion Energy Credit Opportunities Fund III GP, L.P., its general partner |
| By: | Orion Energy Credit Opportunities Fund III Holdings, LLC, its general partner |
| By: | /s/ Gerrit Nicholas |
| Name: | Gerrit Nicholas |
| Title: | Managing Partner |
| **ORION ENERGY CREDIT OPPORTUNITIES FUND III GPFA PV, L.P.,** | **ORION ENERGY CREDIT OPPORTUNITIES FUND III GPFA PV, L.P.,** |
| as a Holdco Term Lender | as a Holdco Term Lender |
| By: | Orion Energy Credit Opportunities Fund III GP, L.P., its general partner |
| By: | Orion Energy Credit Opportunities Fund III |
|  | Holdings, LLC, its general partner |
| By: | /s/ Gerrit Nicholas |
| **Name:** | **Gerrit Nicholas** |
| Title: | Managing Partner |
| **ORION ENERGY CREDIT OPPORTUNITIES **GCE CO-INVEST B, L.P.**,** | **ORION ENERGY CREDIT OPPORTUNITIES **GCE CO-INVEST B, L.P.**,** |
| as a New Super Senior Exit Term Lender | as a New Super Senior Exit Term Lender |
| By: | Orion Energy Credit Opportunities Fund III GP, L.P., its general partner |
| By: | Orion Energy Credit Opportunities Fund III Holdings, LLC, its general partner |
| By: | /s/ Gerrit Nicholas |
| Name: | Gerrit Nicholas |
| Title: | Managing Partner |

---

[Signature Page to Holdco Term Loan Credit Agreement]

---

| | |
|:---|:---|
| **VOYA RENEWABLE ENERGY** | **VOYA RENEWABLE ENERGY** |
| **INFRASTRUCTURE ORIGINATOR L.P.,** | **INFRASTRUCTURE ORIGINATOR L.P.,** |
| as a Holdco Term Lender | as a Holdco Term Lender |
| **VOYA RENEWABLE ENERGY** | **VOYA RENEWABLE ENERGY** |
| **INFRASTRUCTURE ORIGINATOR I LLC**, | **INFRASTRUCTURE ORIGINATOR I LLC**, |
| as a Holdco Term Lender | as a Holdco Term Lender |
| By: | Voya Alternative Asset Management LLC, as Agent |
| By: | /s/ Edward Levin |
| Name: | Edward Levin |
| Title: | Managing Director |

---

[Signature Page to Holdco Term Loan Credit Agreement]

---

| | |
|:---|:---|
| **ENTARA LLC**, | **ENTARA LLC**, |
| a**s** Holdco Term Lender | a**s** Holdco Term Lender |
| By: | /s/ Derek Becht |
| Name: | Derek Becht |
| Title: | COO |

---

[Signature Page to Holdco Term Credit Agreement]

---

| | |
|:---|:---|
| **LIF AIV 1, L.P.,** | **LIF AIV 1, L.P.,** |
| as a Holdco Term Lender | as a Holdco Term Lender |
| By: | GCM Investments GP, LLC, its General Partner |
| By: | /s/ Todd Henigan |
| Name: | Todd Henigan |
| Title: | Authorized Signatory |

---

[Signature Page to Holdco Term Loan Credit Agreement]

---

| | |
|:---|:---|
| **ORION ENERGY PARTNERS TP AGENT, LLC**, as Holdco Term Loan Administrative Agent | **ORION ENERGY PARTNERS TP AGENT, LLC**, as Holdco Term Loan Administrative Agent |
| By: | /s/ Gerrit Nicholas |
| Name: | Gerrit Nicholas |
| Title: | Managing Partner |

---

[Signature Page to Holdco Term Credit Agreement]

**EXHIBIT A<br> TO**

**CREDIT AGREEMENT**

**<u>[Form of] Assignment and Assumption</u>**

This Assignment and Assumption (the "<u>Assignment and Assumption</u>") is dated as of the Effective Date set forth in <u>item 9</u> below and is entered into by and between [the][each]<sup>1 2</sup> <sup>2 2 2</sup> Assignor identified in <u>item 1</u> below ([the][each, an] "<u>Assignor</u>") and [the][each]2 Assignee identified in <u>item 2</u> below ([the][each, an] "<u>Assignee</u>"). [It is understood and agreed that the rights and obligations of [the Assignors][the Assignees]<sup>3</sup> hereunder are several and not joint.]<sup>4</sup> Capitalized terms used but not defined herein shall have the meanings given to them in the Holdco Term Credit Agreement identified in <u>item 6</u> below (as amended, restated, amended and restated, supplemented or otherwise modified and in effect from time to time, the "<u>Holdco Term Credit Agreement</u>"), receipt of a copy of which is hereby acknowledged by [the][each] Assignee. The Standard Terms and Conditions set forth in <u>Annex 1</u> (the "<u>Standard Terms and Conditions</u>") attached hereto are hereby agreed to and incorporated herein by reference and made a part of this Assignment and Assumption as if set forth herein in full.

For an agreed consideration, [the][each] Assignor hereby irrevocably sells and assigns to [the Assignee][the respective Assignees], and [the][each] Assignee hereby irrevocably purchases and assumes from [the Assignor][the respective Assignors], subject to and in accordance with the Standard Terms and Conditions and the Holdco Term Credit Agreement, as of the Effective Date inserted by the Holdco Term Loan Administrative Agent as contemplated in <u>item 8</u> below (the "<u>Effective Date</u>") (i) all of [the Assignor's][the respective Assignors'] rights and obligations in [its capacity as a Holdco Term Lender] [their respective capacities as Holdco Term Lenders] under the Holdco Term Credit Agreement, the Common Terms and Term Intercreditor Agreement identified in <u>item 7</u> below (as amended, restated, amended and restated, supplemented or otherwise modified and in effect from time to time, the "<u>Common Terms and Term Intercreditor Agreement</u>") and any other Holdco Term Financing Document or other documents or instruments delivered pursuant thereto to the extent related to the amount and percentage interest identified in <u>item 8</u> below of all of such outstanding rights and obligations of [the Assignor][the respective Assignors] related to the tranche identified below and (ii) to the extent permitted to be assigned under Applicable Law, all claims, suits, causes of action and any other right of [the Assignor (in its capacity as a Holdco Term Lender)][the respective Assignors (in their respective capacities as Holdco Term Lenders)] against any Person, whether known or unknown, arising under or in connection with the Holdco Term Credit Agreement, the Common Terms and Term Intercreditor Agreement or other Holdco Term Financing Document, any other documents or instruments delivered pursuant thereto or the loan transactions governed thereby or in any way based on or related to any of the foregoing, including, but not limited to, contract claims, tort claims, malpractice claims, statutory claims and all other claims at law or in equity related to the rights and obligations sold and assigned pursuant to clause (i) above (the rights and obligations sold and assigned by [the] [any] Assignor to [the] [any] Assignee pursuant to clauses (i) and (ii) above being referred to herein collectively as [the][an] "<u>Assigned Interest</u>"). Each such sale and assignment is without recourse to [the][any] Assignor and, except as expressly provided in this Assignment and Assumption, without representation or warranty by [the][any] Assignor.

<sup>1</sup> *Note to Form:* For bracketed language here and elsewhere in this form relating to the Assignor(s), if the assignment is from a single Assignor, choose the first bracketed language. If the assignment is from multiple Assignors, choose the second bracketed language.

<sup>2</sup> *Note to Form*: For bracketed language here and elsewhere in this form relating to the Assignee(s), if the assignment is to a single Assignee, choose the first bracketed language. If the assignment is to multiple Assignees, choose the second bracketed language.

<sup>3</sup> *Note to Form:* Select as appropriate.

<sup>4</sup> *Note to Form:* Include and adjust as appropriate if there are either multiple Assignors or multiple Assignees.

Exhibit A-1

1. Assignor[s]:

2. Assignee[s]: _____________________________

[if applicable, for each Assignee, indicate [Affiliate][Related Fund] of [identify Holdco Term Lender]]

3. Holdco Borrower: Grapevine Energy Holdings, LLC

4. Holdco Term Loan Administrative Agent: Orion Energy Partners TP Agent, LLC

5. Holdco Term Collateral Agent: Orion Energy Partners TP Agent, LLC

6. Holdco Term Credit Agreement: The Credit Agreement, dated as of August 11, 2025, among the Holdco
 Borrower, each Holdco Term Lender from time to time party thereto and the Holdco Term Loan Administrative Agent.

7. Common Terms and Term Intercreditor Agreement: The Common
Terms and Term Intercreditor Agreement, dated as of August 11, 2025, among the Holdco Borrower, the Holdco Term Loan Administrative Agent,
the Holdco Term Collateral Agent and CTCI Americas, Inc.

8. Assigned Interest[s]:

---

| | | | |
|:---|:---|:---|:---|
| Assignor[s] | Assignee[s] | Aggregate Amount of Holdco Term Loans of Assignor[s] | Percentage Assigned of Holdco Term Loans<sup>6</sup> |
|  |  | $| $nan% |
|  |  | $| $nan% |
|  |  | $| $nan% |

---

9. Effective Date:, 20' _____________ _____ __________

10. [[Each][The] Assignor attaches the Note[s] held by it [and
requests that the Holdco Term Loan Administrative Agent exchange such Note[s] for new Note[s] payable to

<sup>5</sup> *Note to Form:* Include if the Assignee holds a Note, adjusting language as appropriate if the Assignee also elects to hold Notes.

<sup>6</sup> *Note to Form*: Set forth, to at least 9 decimals, as a percentage of the Holdco Term Loans of all Holdco Term Lenders thereunder.

Exhibit A-2

The terms set forth in this Assignment and Assumption are hereby agreed to as of the Effective Date:<sup>9</sup>

 

---

| | |
|:---|:---|
| ASSIGNOR[S] | ASSIGNOR[S] |
| **[NAME OF ASSIGNOR]** | **[NAME OF ASSIGNOR]** |
| By: |  |
|  | Name: |
|  | Title: |
| **[NAME OF ASSIGNOR]** | **[NAME OF ASSIGNOR]** |
| By: |  |
|  | Name: |
|  | Title: |
| ASSIGNEE[S] | ASSIGNEE[S] |
| **[NAME OF ASSIGNEE]** | **[NAME OF ASSIGNEE]** |
| By: |  |
|  | Name: |
|  | Title: |
| **[NAME OF ASSIGNEE]** | **[NAME OF ASSIGNEE]** |
| By: |  |
|  | Name: |
|  | Title: |

---

<sup>7</sup> *Note to Form:* To be inserted by Holdco Term Loan Administrative Agent and to be the effective date of recordation of transfer in the register therefor (following receipt of Holdco Borrower's consent, if applicable). the [respective] Assignee in [an amount/amounts] equal to the Holdco Term Loan[s] assumed by the [respective] Assignee pursuant hereto [and to the [respective] Assignor in [an amount/amounts] equal to the Holdco Term Loan[s] retained by the [respective] Assignor].]<sup>8</sup>

<sup>8</sup> *Note to Form:* Include if the Assignee holds a Note, adjusting language as appropriate if the Assignee also elects to hold Notes.

<sup>9</sup> *Note to Form*: Add signature blocks as necessary.

Exhibit A-3

---

| | |
|:---|:---|
| Accepted by: |  |
|  | **ORION ENERGY PARTNERS TP AGENT, LLC**, as Holdco Term Loan Administrative Agent |
|  | By: |
|  | Name: |
|  | Title: |
| [Consented to: ] |  |
|  | [**GRAPEVINE ENERGY HOLDINGS, LLC**, as Holdco Borrower]<sup>10</sup> |
|  | By: |
|  | Name: |
|  | Title: |

---

<sup>10</sup>

<sup>11</sup> *Note to Form:* To be included when the Holdco Borrower's consent is required pursuant to Section 8.02(b) of the Holdco Term Credit Agreement.

Exhibit A-4

ANNEX 1 to Assignment and Assumption

**STANDARD TERMS AND CONDITIONS FOR<br> ASSIGNMENT AND ASSUMPTION**

&nbsp;&nbsp;&nbsp;&nbsp;1. <u>Representations and Warranties</u>.

&nbsp;&nbsp;&nbsp;&nbsp;1.1 <u>Assignor[s]</u>. [The][Each] Assignor (a) represents and
warrants that (i) it is the legal and beneficial owner of [the][the relevant] Assigned Interest, (ii) [the][such] Assigned Interest is
free and clear of any lien, encumbrance or other adverse claim and (iii) it has full power and authority, and has taken all action necessary,
to execute and deliver this Assignment and Assumption and to consummate the transactions contemplated hereby; and (b) assumes no responsibility
with respect to (i) any statements, warranties or representations made in or in connection with the Holdco Term Credit Agreement, the
Common Terms and Term Intercreditor Agreement or any other Holdco Term Financing Document, (ii) the execution, legality, validity, enforceability,
genuineness, sufficiency or value of the Holdco Term Financing Documents, the Common Terms and Term Intercreditor Agreement or any collateral
thereunder, (iii) the financial condition of the Holdco Borrower, any of its Affiliates or any other Person obligated in respect of any
Holdco Term Financing Document or the Common Terms and Term Intercreditor Agreement or (iv) the performance or observance by the Holdco
Borrower, any of its Affiliates or any other Person of any of their respective obligations under any Holdco Term Financing Document or
the Common Terms and Term Intercreditor Agreement.

&nbsp;&nbsp;&nbsp;&nbsp;1.2 <u>Assignee[s]</u>.
[The][Each] Assignee (a) represents and warrants that (i) it has full power and authority, and has taken all action necessary, to execute
and deliver this Assignment and Assumption and to consummate the transactions contemplated hereby and to become a Holdco Term Lender
under the Holdco Term Credit Agreement, (ii) it meets all the requirements to be an assignee under Section 8.02(b) of the Holdco Term
Credit Agreement (subject to such consents, if any, as may be required under Section 8.02(b) of the Holdco Term Credit Agreement), (iii)
from and after the Effective Date, it shall be bound by the provisions of the Holdco Term Credit Agreement, the Common Terms and Term
Intercreditor Agreement and the other Holdco Term Financing Documents to which the Assignor[s] [was][were] party as a Holdco Term Lender
thereunder and, to the extent of [the][the relevant] Assigned Interest, shall have the obligations of a Holdco Term Lender thereunder,
(iv) it is sophisticated with respect to decisions to acquire assets of the type represented by the Assigned Interest and either it,
or the person exercising discretion in making its decision to acquire the Assigned Interest, is experienced in acquiring assets of such
type, (v) it has received a copy of the Holdco Term Credit Agreement, the Common Terms and Term Intercreditor Agreement and the other
Holdco Term Financing Documents to which the Assignor[s] [was][were] party, and has received or has been accorded the opportunity to
receive copies of the most recent financial statements delivered pursuant to Section 5.07 of the Common Terms and Term Intercreditor
Agreement, as applicable, and such other documents and information as it deems appropriate to make its own credit analysis and
decision to enter into this Assignment and Assumption and to purchase [the][such] Assigned Interest, (vi) [it has duly executed and delivered
to the Holdco Term Loan Administrative Agent an Administrative Questionnaire,] <sup>5</sup> (vii) it has, independently and without reliance upon the Holdco Term Loan Administrative Agent or any other Holdco Term Lender and based
on such documents and information as it has deemed appropriate, made its own credit analysis and decision to enter into this Assignment
and Assumption and to purchase [the][such] Assigned Interest, and (ix) if it is entitled to an exemption from or reduction of withholding
tax under the law of the jurisdiction in which the Holdco Borrower is organized (or any treaty to which such jurisdiction is a party),
attached to the Assignment and Assumption is any documentation required to be delivered by it pursuant to the terms of the Holdco Term
Credit Agreement, duly completed and executed by [the][such] Assignee; and (b) agrees that (i) [it will pay to the Holdco Term Loan Administrative
Agent, on or before the Effective Date, a processing and recordation fee in an amount of US $3,500.00,] <sup>6</sup> (ii) it will, independently and without reliance on the Holdco Term Loan Administrative Agent, [the] [any] Assignor or any other Holdco
Term Lender, and based on such documents and information as it shall deem appropriate at the time, continue to make its own credit decisions
in taking or not taking action under the Holdco Term Financing Documents or the Common Terms and Term Intercreditor Agreement, and [(ii)]
[(iii)] it will perform in accordance with their terms all of the obligations which by the terms of the Holdco Term Financing Documents
and the Common Terms and Term Intercreditor Agreement are required to be performed by it as a Holdco Term Lender.

2. <u>Payments</u>. From and after the Effective Date, the Holdco
Term Loan Administrative Agent shall make all payments in respect of [the][each] Assigned Interest (including payments of principal,
interest, fees and other amounts) to [the][the relevant] Assignor for amounts which have accrued to but excluding the Effective Date
and to [the][the relevant] Assignee for amounts which have accrued from and after the Effective Date. Each party hereto agrees that it
will hold any interest, fees or other amounts that it may receive to which the other party hereto shall be entitled pursuant to the preceding
sentence for account of such other party and pay, in like money and funds, any such amounts that it may receive to such other party promptly
upon receipt.

3. <u>General Provisions</u>.
This Assignment and Assumption shall be binding upon, and inure to the benefit of, the parties hereto and their respective successors
and assigns. This Assignment and Assumption may be executed in any number of counterparts, which together shall constitute one instrument.
Delivery of an executed counterpart of a signature page of this Assignment and Assumption by telecopy shall be effective as delivery
of a manually executed counterpart of this Assignment and Assumption. This Assignment and Assumption shall be governed by, and
construed in accordance with, the law of the State of New York.

<sup>5</sup> *Note to Form*: Delete if there is an assignment to a Holdco Term Lender pursuant to Section 8.02(b)(v) of the Holdco Term Credit Agreement.

<sup>6</sup> *Note to Form*: Delete with respect to Affiliate Assignees in accordance with Section 8.02(b)(iv) of the Holdco Term Credit Agreement.

Exhibit A-5

**EXHIBIT B<br> TO**

**CREDIT AGREEMENT**

**<u>Form of Holdco Term Loan Note</u>**

THIS NOTE AND THE INDEBTEDNESS EVIDENCED BY THIS NOTE ARE SUBJECT TO THE TERMS SET FORTH IN THAT CERTAIN COMMON TERMS AND TERM INTERCREDITOR AGREEMENT, DATED AUGUST 11, 2025, AMONG ORION ENERGY PARTNERS TP AGENT, LLC, AS HOLDCO TERM LOAN ADMINISTRATIVE AGENT ON BEHALF OF ITSELF AND THE HOLDCO TERM LENDERS AND AS HOLDCO TERM COLLATERAL AGENT (EACH SUCH TERM AS DEFINED THEREIN), CTCI AMERICAS, INC. AND THE HOLDCO BORROWER.

---

| | |
|:---|:---|
| $[●] | [●], 20[●] |
|  | New York, New York |

---

FOR VALUE RECEIVED, the undersigned (the "<u>Holdco Borrower</u>"), hereby promises to pay to [●] (the "<u>Holdco Term Lender</u>"), at the office of the Holdco Term Loan Administrative Agent as provided for by the Holdco Term Credit Agreement referred to below, for the account of the Holdco Term Lender, the principal sum of $[●] (or such lesser amount as shall equal the aggregate unpaid principal amount of the Holdco Term Loans made by the Holdco Term Lender to the Holdco Borrower under the Holdco Term Credit Agreement), in lawful money of the United States of America and in immediately available funds, on the dates and in the principal amounts provided in the Holdco Term Credit Agreement, and to pay interest on the unpaid principal amount of each such Holdco Term Loan, at such office, in like money and funds, for the period commencing on the date of such Holdco Term Loan until such Holdco Term Loan shall be paid in full, at the rate per annum and on the dates provided in the Holdco Term Credit Agreement.

The date, amount and interest rate of each Holdco Term Loan made by the Holdco Term Lender to the Holdco Borrower, and each payment made on account of the principal thereof, shall be recorded by the Holdco Term Lender on its books and, prior to any transfer of this Note, endorsed by the Holdco Term Lender on the schedule attached hereto or any continuation thereof, provided that the failure of the Holdco Term Lender to make any such recordation or endorsement shall not affect the obligations of the Holdco Borrower to make a payment when due of any amount owing under the Holdco Term Credit Agreement or hereunder in respect of the Holdco Term Loans made by the Holdco Term Lender.

This Note evidences Holdco Term Loans made by the Holdco Term Lender under the Credit Agreement, dated as of August 11, 2025 (as amended, restated, amended and restated, supplemented or otherwise modified and in effect from time to time, the "<u>Holdco Term Credit Agreement</u>"), among the Holdco Borrower, each Holdco Term Lender from time to time party thereto, and the Holdco Term Loan Administrative Agent. Terms used but not defined in this Note have the respective meanings assigned to them in the Holdco Term Credit Agreement.

The Holdco Term Credit Agreement provides for the acceleration of the maturity of this Note upon the occurrence of certain events and for prepayments of the Holdco Term Loans upon the terms and conditions specified therein.

Except as permitted by Section 8.02 of the Holdco Term Credit Agreement, this Note may not be assigned by the Holdco Term Lender to any other Person.

Exhibit B-1

This Note shall be governed by, and construed in accordance with, the law of the State of New York.

---

| | |
|:---|:---|
| **GRAPEVINE ENERGY HOLDINGS, LLC,** | **GRAPEVINE ENERGY HOLDINGS, LLC,** |
| as Holdco Borrower | as Holdco Borrower |
| By: |  |
|  | Name: |
|  | Title: |

---

Exhibit B-2

**Schedule of Holdco Term Loans**

This Note evidences Holdco Term Loans made under the within described Holdco Term Credit Agreement to the Holdco Borrower, on the dates, in the principal amounts and bearing interest at the rates set forth below, subject to the payments and prepayments of principal set forth below:

---

| | | | |
|:---|:---|:---|:---|
|  | Principal <br> Amount of | Amount Paid or Notation | Amount Paid or Notation |
| Date | Holdco <br> Term Loan | Interest Rate Prepaid | made by |

---

Exhibit B-3

**ANNEX I**

**TO**

**CREDIT AGREEMENT**

**<u>Holdco Term Loans</u>**

[\*\*\*]

**ANNEX II**

**TO**

**CREDIT AGREEMENT**

**<u>Lending Offices</u>**

[\*\*\*]

**SCHEDULE 1**

**TO**

**CREDIT AGREEMENT**

**<u>Payment Waterfall</u>**

[\*\*\*]

Schedule 1

## Exhibit 4.2

**Exhibit 4.2**

CREDIT AGREEMENT

dated as of August 11, 2025

among

CENTRAL VALLEY RENEWABLE FUELS, LLC,

as Borrower,

the GUARANTORS party hereto,

as Guarantors,

the LENDERS party hereto,

as the Lenders,

and

VITOL AMERICAS CORP.,

as Administrative Agent<br> and as Collateral Agent

**TABLE OF CONTENTS**

---

| | | |
|:---|:---|:---|
| | | **Page** |
| Article I DEFINITIONS | Article I DEFINITIONS | 1 |
| Section 1.01 | Defined Terms | 1 |
| Section 1.02 | Terms Generally | 36 |
| Section 1.03 | Accounting Terms; Changes in GAAP | 37 |
| Section 1.04 | Divisions | 37 |
| Section 1.05 | Weekly Reset Date Amounts | 37 |
| Section 1.06 | UCC Definitions | 37 |
| Article II LOANS AND TERMS OF PAYMENT | Article II LOANS AND TERMS OF PAYMENT | 38 |
| Section 2.01 | Revolving Loans | 38 |
| Section 2.02 | Borrowing Procedures and Settlements | 38 |
| Section 2.03 | Payments; Reductions of Commitments; Prepayments | 44 |
| Section 2.04 | Promise to Pay; Promissory Notes | 47 |
| Section 2.05 | Interest Rates, Payments, and Calculations | 48 |
| Section 2.06 | Crediting Payments | 49 |
| Section 2.07 | Designated Account | 49 |
| Section 2.08 | Maintenance of Loan Account; Statements of Obligations | 49 |
| Section 2.09 | Fees | 49 |
| Section 2.10 | (Reserved) | 50 |
| Section 2.11 | Interest Provisions | 50 |
| Section 2.12 | Weekly Determinations; Borrowing Base Certification | 50 |
| Section 2.13 | Taxes | 50 |
| Section 2.14 | Failure to Provide Borrowing Base Certificate; Volume Data Deficiencies | 54 |
| Section 2.15 | (Reserved) | 54 |
| Section 2.16 | (Reserved) | 54 |
| Section 2.17 | Capital Requirements; Replacement of Lenders under Certain Circumstances | 54 |
| Article III REPRESENTATIONS AND WARRANTIES | Article III REPRESENTATIONS AND WARRANTIES | 56 |
| Section 3.01 | Existence, Qualification and Power | 56 |
| Section 3.02 | Authorization; No Contravention | 56 |
| Section 3.03 | Governmental Authorization; Other Consents and Approvals | 56 |
| Section 3.04 | Execution and Delivery; Binding Effect | 57 |
| Section 3.05 | No Material Adverse Change | 57 |
| Section 3.06 | Litigation | 57 |
| Section 3.07 | No Material Adverse Effect; No Default | 57 |
| Section 3.08 | Property; Security Documents | 57 |
| Section 3.09 | Taxes | 58 |
| Section 3.10 | Disclosure | 58 |
| Section 3.11 | Compliance with Laws | 58 |
| Section 3.12 | Licenses | 58 |
| Section 3.13 | Senior Obligations | 59 |
| Section 3.14 | Solvency | 59 |
| Section 3.15 | ERISA Compliance | 59 |
| Section 3.16 | Authorizations | 59 |

---

i

---

| | | |
|:---|:---|:---|
| Section 3.17 | Environmental Matters | 59 |
| Section 3.18 | Margin Regulations | 60 |
| Section 3.19 | Investment Company Act | 60 |
| Section 3.20 | Sanctions; Anti-Corruption | 60 |
| Section 3.21 | Beneficial Ownership Certification | 61 |
| Section 3.22 | Eligible Accounts | 61 |
| Section 3.23 | Insurance | 62 |
| Section 3.24 | (Reserved) | 62 |
| Section 3.25 | Use of Proceeds | 62 |
| Section 3.26 | Permitted Indebtedness; Investments | 62 |
| Section 3.27 | Agreements with Affiliates | 62 |
| Section 3.28 | No Bank Accounts | 62 |
| Section 3.29 | Eligible Inventory; Eligible In-Transit Feedstock | 62 |
| Section 3.30 | Material Contracts | 63 |
| Section 3.31 | Commercial Activity; Absence of Immunity | 63 |
| Section 3.32 | Sufficiency of Project Documents | 63 |
| Article IV CONDITIONS | Article IV CONDITIONS | 64 |
| Section 4.01 | Conditions to Closing Date | 64 |
| Section 4.02 | Conditions to All Credit Extensions | 65 |
| Article V AFFIRMATIVE COVENANTS | Article V AFFIRMATIVE COVENANTS | 66 |
| Section 5.01 | Financial Statements; Reports | 66 |
| Section 5.02 | Certificates; Other Information | 66 |
| Section 5.03 | Notices | 67 |
| Section 5.04 | Scheduled Calls and Meetings | 68 |
| Section 5.05 | Preservation of Existence, Etc. | 68 |
| Section 5.06 | Governmental Authorizations | 68 |
| Section 5.07 | Maintenance of Properties | 69 |
| Section 5.08 | Maintenance of Insurance | 69 |
| Section 5.09 | (Reserved) | 69 |
| Section 5.10 | Payment of Obligations | 69 |
| Section 5.11 | Compliance with Laws and Obligations | 70 |
| Section 5.12 | Environmental Matters | 70 |
| Section 5.13 | Books and Records | 70 |
| Section 5.14 | Inspection Rights | 70 |
| Section 5.15 | Use of Proceeds | 71 |
| Section 5.16 | Security | 71 |
| Section 5.17 | Sanctions; Anti-Corruption Laws | 71 |
| Section 5.18 | Additional Beneficial Ownership Certification | 71 |
| Section 5.19 | (Reserved) | 71 |
| Section 5.20 | Further Assurances; Additional Guarantors | 71 |
| Section 5.21 | Security in Newly Acquired Property and Revenues | 72 |
| Section 5.22 | Material Contract | 72 |
| Section 5.23 | Accounts | 72 |
| Section 5.24 | Account Report | 72 |
| Section 5.25 | Intellectual Property | 72 |
| Section 5.26 | Budget and Financial Model | 73 |

---

ii

---

| | | |
|:---|:---|:---|
| Section 5.27 | RCF Collateral Administration | 73.0 |
| Section 5.28 | Operation and Maintenance of Refinery | 74.0 |
| Section 5.29 | Post-Closing Covenant | 74.0 |
| Article VI NEGATIVE COVENANTS | Article VI NEGATIVE COVENANTS | 74.0 |
| Section 6.01 | Indebtedness | 74.0 |
| Section 6.02 | Liens | 75.0 |
| Section 6.03 | Fundamental Changes | 75.0 |
| Section 6.04 | Dispositions | 75.0 |
| Section 6.05 | Restricted Payments | 75.0 |
| Section 6.06 | Investments; Subsidiaries | 76.0 |
| Section 6.07 | Principal Place of Business; Business Activities | 77.0 |
| Section 6.08 | Transactions with Affiliates | 77.0 |
| Section 6.09 | Certain Restrictive Agreements | 78.0 |
| Section 6.10 | Changes in Fiscal Periods | 78.0 |
| Section 6.11 | Amendment or Termination of Material Contracts | 78.0 |
| Section 6.12 | Guarantees | 79.0 |
| Section 6.13 | Hazardous Materials | 79.0 |
| Section 6.14 | Restriction on Use of Proceeds | 79.0 |
| Section 6.15 | Sanctions; Anti-Corruption Use of Proceeds | 79.0 |
| Section 6.16 | No Speculative Transactions | 79.0 |
| Section 6.17 | Change of Auditors | 79.0 |
| Article VII EVENTS OF DEFAULT | Article VII EVENTS OF DEFAULT | 80.0 |
| Section 7.01 | Events of Default | 80.0 |
| Section 7.02 | Application of Payments | 83.0 |
| Article VIII AGENCY | Article VIII AGENCY | 84.0 |
| Section 8.01 | Appointment and Authority | 84.0 |
| Section 8.02 | Rights as a Lender | 84.0 |
| Section 8.03 | Exculpatory Provisions | 84.0 |
| Section 8.04 | Reliance by Agents | 85.0 |
| Section 8.05 | Delegation of Duties | 85.0 |
| Section 8.06 | Resignation of an Agent | 86.0 |
| Section 8.07 | Non-Reliance on Agents and Other Lenders; No Other Duties; Etc. | 86.0 |
| Section 8.08 | Agent May File Proofs of Claim | 86.0 |
| Section 8.09 | Collateral | 87.0 |
| Section 8.10 | Certain ERISA Matters | 87.0 |
| Article IX GUARANTY | Article IX GUARANTY | 88.0 |
| Section 9.01 | Guaranty | 88.0 |
| Section 9.02 | Guaranty Unconditional | 89.0 |
| Section 9.03 | Discharge Only Upon Payment in Full; Reinstatement in Certain Circumstances | 89.0 |
| Section 9.04 | Waiver by the Guarantors | 90.0 |
| Section 9.05 | Subrogation | 90.0 |
| Section 9.06 | Acceleration | 90.0 |
| Section 9.07 | Limited Recourse Against Pledgor | 90.0 |

---

iii

---

| | | |
|:---|:---|:---|
| Article X MISCELLANEOUS | Article X MISCELLANEOUS | 90.0 |
| Section 10.01 | Notices; Public Information | 90.0 |
| Section 10.02 | Waivers; Amendments | 92.0 |
| Section 10.03 | Expenses; Indemnity; Damage Waiver | 93.0 |
| Section 10.04 | Binding Effect | 94.0 |
| Section 10.05 | Successors and Assigns | 94.0 |
| Section 10.06 | Survival | 98.0 |
| Section 10.07 | Counterparts; Integration; Effectiveness; Electronic Execution | 98.0 |
| Section 10.08 | Severability | 99.0 |
| Section 10.09 | Right of Setoff | 99.0 |
| Section 10.10 | Governing Law; Jurisdiction; Etc | 100.0 |
| Section 10.11 | WAIVER OF JURY TRIAL | 101.0 |
| Section 10.12 | Headings | 101.0 |
| Section 10.13 | Treatment of Certain Information; Confidentiality | 101.0 |
| Section 10.14 | PATRIOT Act | 102.0 |
| Section 10.15 | Interest Rate Limitation | 102.0 |
| Section 10.16 | Judgment Currency | 102.0 |
| Section 10.17 | Payments Set Aside | 102.0 |
| Section 10.18 | No Fiduciary Relationship | 103.0 |
| Section 10.19 | Acknowledgement and Consent to Bail-In of Affected Financial Institutions | 103.0 |
| Section 10.20 | Acknowledgement Regarding Any Supported QFCs | 103.0 |

---

iv

---

| | |
|:---|:---|
| <u>SCHEDULES</u> |  |
| Schedule 1.01(A) | Administrative Agent Account |
| Schedule 1.01(B) | Borrowing Base |
| Schedule 1.01(C) | Collateral Accounts and Designated Account |
| Schedule 1.01(D) | Initial Material Contracts |
| Schedule 1.01(E) | Site |
| Schedule 2.01 | Lender Commitments |
| Schedule 3.03 | Authorizations |
| Schedule 3.06 | Litigation |
| Schedule 3.12 | Licenses |
| Schedule 3.16 | Authorizations |
| Schedule 3.24 | Separateness Covenants |
| Schedule 3.26(b) | Indebtedness |
| Schedule 3.27 | Affiliate Agreements |
| Schedule 4.01(f) | Licenses and Consents |
| Schedule 5.01 | Reporting Requirements |
| Schedule 5.08 | Insurance |
| Schedule 6.01 | Indebtedness |
| Schedule 6.02 | Liens |
| Schedule 6.05 | Holdco Term Loan Interest Expenses |
| Schedule 6.06 | Investments |
| <u>EXHIBITS</u> |  |
| Exhibit A | Form of Assignment and Assumption |
| Exhibit B-1 | Form of Borrowing Base Certificate |
| Exhibit B-2 | Form of Borrowing Request |
| Exhibit C-1 | U.S. Tax Compliance Certificate |
| Exhibit C-2 | U.S. Tax Compliance Certificate |
| Exhibit C-3 | U.S. Tax Compliance Certificate |
| Exhibit C-4 | U.S. Tax Compliance Certificate |

---

v

**CREDIT AGREEMENT**

THIS CREDIT AGREEMENT dated as of August 11, 2025 (this "<u>Agreement</u>"), among CENTRAL VALLEY RENEWABLE FUELS, LLC, a Delaware limited liability company (the "<u>Borrower</u>"), the GUARANTORS party hereto (the "<u>Guarantors</u>"), the LENDERS party hereto (each of such lenders, a "<u>Lender</u>", as that term is hereinafter further defined), VITOL AMERICAS CORP., as administrative agent (in such capacity, together with its successors and assigns in such capacity, "<u>Administrative Agent</u>") and as collateral agent (in such capacity, together with its successors and assigns in such capacity, "<u>Collateral Agent</u>").

The Borrower has requested that the Lenders extend credit to the Borrower, and the Lenders are willing to do so on the terms and conditions set forth herein. In consideration of the mutual covenants and agreements herein contained, the parties hereto agree as follows:

Article I

<u>DEFINITIONS</u>

Section 1.01 <u>Defined Terms</u>. As used in this Agreement, the following terms have the meanings specified below:

"<u>Account</u>" means an account (as that term is defined in the Code).

"<u>Account Debtor</u>" means any Person who is obligated on an Account, chattel paper, or a general intangible.

"<u>Acceptable Replacement Material Contract</u>" means, in respect of any Material Contract, a Replacement Material Contract that (i) (A) is on terms (taken as a whole) that are substantially similar to, or more favorable to the applicable Loan Party than, the terms and conditions of the Material Contract being replaced, (B) is with a counterparty that is as creditworthy (measured as of the date of such counterparty enters into such replacement Material Contract) as the Material Project Counterparty under the Material Contract being replaced (measured as of the date of such Material Project Counterparty entered into the Material Contract being replaced) and (C) has pricing and economic terms (taken as a whole) consistent with, or better than, the Material Contract being replaced or (ii) is on terms and conditions acceptable, and with a counterparty of credit acceptable, to (and approved in writing by) the Administrative Agent.

"<u>Act</u>" has the meaning specified in <u>Section 10.14</u>.

"<u>Additional Amount</u>" means, as of any date of calculation, an amount equal to: (a) the aggregate Free Cash Flow generated by the Loan Parties on or after the date hereof through such date of calculation *minus* (b) any Additional Amounts deducted based on the provisos in clauses (d) and (e) of the definition of "Permitted Investment" *minus* (c) any Restricted Payment made in reliance on Section 6.05(f)(y).

"<u>Additional Documents</u>" has the meaning specified in <u>Section 5.20</u>.

"<u>Additional Material Contract</u>" means any contract, or series of related contracts, entered into by the Borrower or any other Loan Party with respect to the Refinery that provides for payment by Borrower or such Loan Party of, or the provision to Borrower or such Loan Party of, goods or services with a value in excess of $5,000,000 annually or $15,000,000 in the aggregate over its term, but excluding (i) any contract or series of related contracts, relating to any Indebtedness permitted by <u>Section 6.01</u>, (ii) any Swap Contract, and (iii) any contract, or series of related contracts, which is required under emergency circumstances requiring immediate action to resume or maintain operation of the Refinery in accordance with Prudent Industry Practices or to avoid imminent threat to human life or property.

"<u>Administrative Agent</u>" has the meaning specified therefor in the preamble to this Agreement.

"<u>Administrative Agent's Account</u>" means the Deposit Account of the Administrative Agent identified on <u>Schedule 1.01(A)</u> to this Agreement (or such other Deposit Account of the Administrative Agent that has been designated as such, in writing, by the Administrative Agent to the Borrower and the Lenders).

"<u>Affected Financial Institution</u>" means (a) any EEA Financial Institution or (b) any UK Financial Institution.

"<u>Affiliate</u>" means, collectively, (a) with respect to any 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 and (b) with respect to any specified Loan Party, any Person (i) who, directly or indirectly, owns any Equity Interests in any Loan Party or (ii) who is an "Affiliate" (as described in clause (a) above) of any such Person described by the preceding clause (i); <u>provided</u> that the Loan Parties and their Affiliates shall not be considered "Affiliates" of Vitol or Entara LLC; <u>provided further</u> that no portfolio company of any of the foregoing shall be considered an Affiliate thereof.

"<u>Agents</u>" means, collectively, the Administrative Agent and the Collateral Agent.

"<u>Agreement</u>" has the meaning specified has the meaning specified therefor in the preamble hereof.

"<u>Anti-Corruption Laws</u>" means any law of any jurisdiction relating to corruption in which any Loan Party performs business, including the FCPA, the U.K. Bribery Act, and where applicable, legislation relating to corruption enacted by member states and signatories implementing the OECD Convention Combating Bribery of Foreign Officials.

"<u>Applicable Borrowing Base</u>" means, with respect to a Weekly Period or any Specified Borrowing Date falling within such Weekly Period, the Borrowing Base calculated with respect to the Weekly Reset Date of such Weekly Period and identified on the most recent Borrowing Base Certificate delivered by the Borrower to the Administrative Agent pursuant to <u>Section 2.12</u>.

"<u>Applicable Law</u>" means, as to any Person, all applicable Laws binding upon such Person or to which such a Person or any of its properties or assets is subject.

"<u>Application Event</u>" means the occurrence of (a) a failure by the Borrower to repay all of the Obligations in full on the Maturity Date, or (b) an Event of Default and the election by the Administrative Agent or the Required Lenders to require that payments and proceeds of Collateral be applied pursuant to <u>Section 2.03(b)(ii)</u> of the Agreement.

"<u>Assigning Lender</u>" has the meaning specified in <u>Section 10.05(b)(ix)</u>.

"<u>Assignment and Assumption</u>" 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 <u>Section 10.05</u>), and accepted by the Administrative Agent, in substantially the form of <u>Exhibit A</u> or any other form approved by the Administrative Agent.

"<u>Attributable Indebtedness</u>" means, as of any date of determination, 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.

"<u>Authorization</u>" means any consent, waiver, variance, registration, filing, declaration, agreement, notarization, certificate, license, tariff, approval, permit, orders, authorization, exception or exemption from, by or with any Governmental Authority, whether given by express action or deemed given by failure to act within any specified period, and all corporate, creditors', shareholders' and partners' approvals or consents.

"<u>Authorized Person</u>" means, with respect to any Person, the chief executive officer, the chief financial officer or any other appointed officer of such Person as may be designated from time to time by such Person in writing. Any document or certificate delivered under the Loan Documents that is signed by an Authorized Person may be conclusively presumed by the Administrative Agent to have been authorized by all necessary corporate, limited liability company or other action on the part of the relevant Person.

"<u>Availability</u>" means, as of any date of determination (including any Specified Borrowing Date), the amount that the Borrower, subject to applicable terms and conditions, is entitled to borrow as Revolving Loans under <u>Section 2.01</u> of the Agreement (after giving effect to the then outstanding Revolver Usage).

"<u>Bail-In Action</u>" means the exercise of any Write-Down and Conversion Powers by the applicable Resolution Authority in respect of any liability of an Affected Financial Institution.

"<u>Bail-In Legislation</u>" means (a) with respect to any EEA Member Country implementing Article 55 of Directive 2014/59/EU of the European Parliament and of the Council of the European Union, the implementing law, regulation, rule or requirement for such EEA Member Country from time to time that is described in the EU Bail-In Legislation Schedule and (b) with respect to the United Kingdom, Part I of the United Kingdom Banking Act 2009 (as amended from time to time) and any other law, regulation or rule applicable in the United Kingdom relating to the resolution of unsound or failing banks, investment firms or other financial institutions or their affiliates (other than through liquidation, administration or other insolvency proceedings).

"<u>Beneficial Ownership Certification</u>" means a certification regarding beneficial ownership as required by the Beneficial Ownership Regulation.

"<u>Beneficial Ownership Regulation</u>" means 31 C.F.R. § 1010.230.

"<u>Benefit Plan</u>" means any of (a) an "employee benefit plan" (as defined in ERISA) that is subject to Title I of ERISA, (b) a "plan" as defined in and subject to Section 4975 of the Code or (c) any Person whose assets include (for purposes of ERISA Section 3(42) or otherwise for purposes of Title I of ERISA or Section 4975 of the Code) the assets of any such "employee benefit plan" or "plan".

"<u>Borrower</u>" has the meaning specified therefor in the preamble to this Agreement.

"<u>Borrowing</u>" means a borrowing consisting of Revolving Loans made on the same day by the Lenders (or the Administrative Agent on behalf thereof).

"<u>Borrowing Base</u>" has the meaning specified in <u>Schedule 1.01(B)</u>.

"<u>Borrowing Base Certificate</u>" means a certificate in the form of <u>Exhibit B-1</u>.

"Borrowing Request" means a request for a Borrowing, which shall be in the form of Exhibit B-2 or such other form as the Administrative Agent may approve.

"<u>Brand Lien</u>" means that certain mechanics' lien asserted by Brand Scaffold Services, Inc., in the amount of $2,371,739.92 recorded on June 17, 2025 as Instrument No. 225068447 in the official records of Kern County, California.

"<u>Business Day</u>" means any day that is not a Saturday, Sunday or other day that is a legal holiday under the laws of the State of New York or is a day on which banking institutions in such state are authorized or required by Law to close.

"<u>Capital Expenditures</u>" means with respect to any Person, the aggregate of all expenditures and costs (whether paid in cash or accrued as liabilities and including that portion of payments under Capital Lease Obligations that are capitalized on the balance sheet of such Person) by such Person and its Subsidiaries which are required to be capitalized under GAAP on a balance sheet of such Person.

"<u>Capitalized Lease</u>" means each lease that has been or is required to be, in accordance with GAAP, recorded as a capitalized lease.

"<u>Capital Lease Obligations</u>" means, with respect to any Person, the obligations of such Person to pay rent or any other amounts under any lease of (or other arrangements conveying the right to use) real or personal property, which obligations are required to be classified and accounted for as capital leases on a balance sheet of such Person in accordance with GAAP (to be determined without giving effect to ASC 842 (Leases)).

"<u>Cash Equivalents</u>" means:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) direct obligations of, or obligations the principal of and interest on which are unconditionally guaranteed by, the United States of America (or by any agency thereof to the extent such obligations are backed by the full faith and credit of the United States of America), in each case maturing within two years from the date of acquisition thereof;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) investments in commercial paper maturing within one year from the date of acquisition thereof issued by a corporation (other than an Affiliate of a Loan Party) organized and in existence under the laws of the United States of America or any foreign country recognized by the United States of America with a rating at the time as of which the investment therein is made of P-1 (or higher) according to Moody's or A-1 (or higher) according to S&P;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) investments in certificates of deposit, banker's acceptances and time deposits maturing within 180 days from the date of acquisition thereof issued or guaranteed by or placed with, and money market deposit accounts issued or offered by, any domestic office of any commercial bank or trust company organized under the laws of the United States of America or any State thereof that has a combined capital and surplus and undivided profits of not less than $250,000,000 and whose long-term debt, or whose parent holding company's long-term debt, is rated A (or such similar equivalent rating or higher) by at least one nationally recognized statistical rating organization (as defined in Rule 436 under the Securities Act);

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(d) fully collateralized repurchase agreements with a term of not more than 180 days for securities described in clause (a) above and entered into with a financial institution satisfying the criteria described in clause (c) above;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(e) securities with maturities of two years or less from the date of acquisition issued or fully guaranteed by any state, commonwealth or territory of the United States of America, or by any political subdivision or taxing authority thereof, and rated at least A by S&P or A-2 by Moody's;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(f) shares of mutual funds whose investment guidelines restrict 95% of such funds' investments to those satisfying the provisions of clauses (a) through (e) above;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(g) taxable and tax-exempt auction rate securities rated AAA by S&P and Aaa by Moody's and with a reset of less than 90 days;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(h) money market funds that (i) comply with the criteria set forth in SEC Rule 2a-7 under the Investment Company Act of 1940, (ii) are rated A and A2 (or equivalent rating) by at least two Credit Rating Agencies and (iii) have portfolio assets of at least $500,000,000;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i) funds/cash uninvested in a trust or deposit account of the Depositary Bank; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(j) cash.

"<u>Change in Law</u>" means the occurrence, after the date of this Agreement, of any of the following: (a) the adoption or taking effect of any law, rule, regulation or treaty, (b) any change in any law, rule, regulation or treaty or in the administration, interpretation, implementation or application thereof by any Governmental Authority or (c) the making or issuance of any request, rule, guideline or directive (whether or not having the force of law) by any Governmental Authority; <u>provided</u> that notwithstanding anything herein to the contrary, (x) the Dodd-Frank Wall Street Reform and Consumer Protection Act and all requests, rules, guidelines or directives thereunder or issued in connection therewith and (y) all requests, rules, guidelines or directives promulgated by the Bank for International Settlements, the Basel Committee on Banking Supervision (or any successor or similar authority) or the United States or foreign regulatory authorities, in each case pursuant to Basel III, shall in each case be deemed to be a "Change in Law", regardless of the date enacted, adopted or issued.

"<u>Change of Control</u>" means an event or series of events by which:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) Pledgor shall cease to be Controlled by either (i) Orion and/or its Affiliates or (ii) a Qualified Owner;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) the Permitted Holders shall cease to own, directly or indirectly, beneficially or of record, a majority of the Equity Interests in, Pledgor; or

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) Pledgor shall cease to have Control of, or shall cease to own, directly or indirectly, beneficially and of record, all of the Equity Interests in, the Borrower and the Guarantors (except with respect to any disposition of Equity Interests in any Guarantor permitted hereunder pursuant to Section 6.04).

"<u>Closing Date</u>" means the first date all the conditions precedent in Section 4.01 are satisfied or waived in accordance with Section 10.02.

"<u>Code</u>" means the U.S. Internal Revenue Code of 1986.

"<u>Collateral</u>" means all assets and interests in assets and proceeds thereof now owned or hereafter acquired by any Loan Party in or upon which a Lien is granted by such Person in favor of the Collateral Agent, Administrative Agent or Lenders under any of the Loan Documents.

"<u>Collateral Accounts</u>" means (x) the Designated Account and (y) the other deposit accounts and securities accounts of the Loan Parties identified on <u>Schedule 1.01(C)</u>.

"<u>Collateral Agent</u>" has the meaning specified therefor in the preamble to this Agreement.

"<u>Collateral Agent's Liens</u>" means the Liens granted by the Borrower and each Guarantor to the Collateral Agent under the Loan Documents and securing the Obligations.

"<u>Commitment</u>" means with respect to each Lender on any date, the commitment of such Lender on such date to make Revolving Loans in accordance with the terms of this Agreement, expressed as an amount representing the maximum principal of such Loan, as such commitment may be reduced or increased from time to time pursuant to Section 10.05 or reduced from time to time pursuant to Section 2.03 or 2.02(g). The initial amount of such Lender's Commitment is set forth on <u>Schedule 2.01</u> or in the Assignment and Assumption pursuant to which such Lender shall have assumed its Commitment, as applicable.

"<u>Commodity Exchange Act</u>" means the Commodity Exchange Act (7 U.S.C. § 1 et seq.), as amended from time to time, and any successor statute.

"<u>Commodity Hedging Program</u>" means a commodity hedging program approved by the Administrative Agent in writing (such approval not to be unreasonably withheld, conditioned, or delayed).

"<u>Condemnation</u>" means any taking, seizure, confiscation, requisition, exercise of rights of eminent domain, public improvement, inverse condemnation, condemnation, expropriation, nationalization or similar action of or proceeding by any Governmental Authority affecting the Refinery.

"<u>Connection Income Taxes</u>" means Other Connection Taxes that are imposed on or measured by net income (however denominated) or that are franchise Taxes or branch profits Taxes.

"<u>Constructively Placed</u>" means, with respect to any shipment of Feedstock by railcars, that such railcars are located at the relevant delivery point of the Borrower and that such shipment of Feedstock is in such condition ready for receipt by the Refinery.

"<u>Contractual Obligation</u>" 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.

"<u>Control</u>" 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. "<u>Controlling</u>" and "<u>Controlled</u>" have meanings analogous thereto.

"<u>Control Agreement</u>" means a control agreement, in form and substance reasonably satisfactory to the Administrative Agent, executed and delivered by a Loan Party, the Collateral Agent, and the applicable securities intermediary (with respect to a Securities Account) or bank (with respect to a Deposit Account).

"<u>Credit Extension</u>" means a Borrowing.

"<u>Credit Rating Agency</u>" means a nationally recognized credit rating agency that evaluates the financial condition of issuers of debt instruments and then assigns a rating that reflects its assessment of the issuer's ability to make debt payments.

"<u>CTCI</u>" means CTCI Americas, Inc.

"<u>CTCI Intercreditor Agreement</u>" means that certain Intercreditor Agreement, dated as of the Closing Date, between Vitol, in its individual capacity and as Administrative Agent, and CTCI.

"<u>CTCI O&M Agreement</u>" means that certain Procurement, Operation & Maintenance Agreement, dated as of the Closing Date, by and between CTCI, the Borrower and the other parties thereto.

"<u>Debtor Relief Laws</u>" means the Bankruptcy Code of the United States of America, and all other liquidation, conservatorship, bankruptcy, assignment for the benefit of creditors, moratorium, rearrangement, receivership, insolvency, reorganization, or similar debtor relief Laws of the United States or other applicable jurisdictions from time to time in effect.

"<u>Default</u>" 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.

"<u>Default Rate</u>" means an interest rate (before as well as after judgment) equal to the applicable Interest Rate <u>plus</u> 2.00% per annum.

"<u>Defaulting Lender</u>" means, subject to <u>Section 2.02(g)</u>, any Lender that (a) has failed to (i) fund all or any portion of its Loans within two Business Days of the date such Loans were required to be funded hereunder unless such Lender notifies the Administrative Agent and the Borrower in writing that such failure is the result of such Lender's determination that one or more conditions precedent to funding (each of which conditions precedent, together with any applicable default, shall be specifically identified in such writing) has not been satisfied, or (ii) pay to the Administrative Agent, or any other Lender any other amount required to be paid by it hereunder within two Business Days of the date when due, (b) has notified the Borrower or the Administrative Agent 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), or (c) has, or has a direct or indirect parent company that has, (i) become the subject of a an Insolvency Proceeding, (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 or (iii) become the subject of a Bail-in Action; <u>provided</u> 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 (c) above shall be conclusive and binding absent manifest error, and such Lender shall be deemed to be a Defaulting Lender (subject to <u>Section 2.02(g)</u>) upon delivery of written notice of such determination to the Borrower and each Lender.

"<u>Deposit Account</u>" means any deposit account (as that term is defined in the Code).

"<u>Deposit Account Deadline</u>" means (x) in respect of any Collateral Account existing on the Closing Date, the date that is (i) in the case of the Borrower, ten (10) Business Days and (ii) in any other case, thirty (30) days after the Closing Date or (y) in respect of any other Collateral Account, the date that is thirty (30) days after such Collateral Account is opened, in each case of clauses (x) and (y), as such time period may be extended by the Administrative Agent in writing in its reasonable discretion.

"<u>Depositary Bank</u>" means an account bank at which Borrower maintains any Collateral Account.

"<u>Designated Account</u>" means the Deposit Account of the Borrower identified on <u>Schedule 1.01(C)</u> as the "Designated Account".

"<u>Disposition</u>" or "<u>Dispose</u>" means the sale, transfer, license, lease or other disposition of any property by any Person.

"<u>Disqualified Equity Interest</u>" means any Equity Interest that, by its terms (or the terms of any security or other Equity Interests into which it is convertible or for which it is exchangeable), or upon the happening of any event or condition (a) matures or is mandatorily redeemable (other than solely for Equity Interests that are not Disqualified Equity Interests), pursuant to a sinking fund obligation or otherwise (except as a result of a change of control or asset sale so long as any rights of the holders thereof upon the occurrence of a change of control or asset sale event shall be subject to the prior repayment in full of the Loans and all other Obligations that are accrued and payable and the termination of the Commitments), (b) is redeemable at the option of the holder thereof, in whole or in part, (c) provides for scheduled payments of dividends in cash, or (d) is or becomes convertible into or exchangeable for Indebtedness or any other Equity Interests that would constitute Disqualified Equity Interests, in each case, prior to the date that is ninety-one days after the Maturity Date; <u>provided</u> that if such Equity Interests are issued pursuant to a plan for the benefit of employees of the Borrower or any Subsidiary or by any such plan to such employees, such Equity Interests shall not constitute Disqualified Equity Interests solely because they may be required to be repurchased by the Borrower or its Subsidiaries in order to satisfy applicable statutory or regulatory obligations or as a result of such employee's termination, death or disability.

"<u>Disqualified Institution</u>" means, on any date, (a) any Person reasonably designated by the Borrower as a "Disqualified Institution" by written notice delivered to the Administrative Agent on or prior to the date hereof and (b) any other Person that has been designated by the Borrower as a "Disqualified Institution" by written notice to the Administrative Agent and the Lenders not less than three (3) Business Days prior to such date; <u>provided</u> that "Disqualified Institutions" shall exclude any Person that the Borrower has designated as no longer being a "Disqualified Institution" by written notice delivered to the Administrative Agent from time to time.

"<u>Dollar</u>" and "<u>$</u>" mean the lawful money of the United States.

"<u>Domestic Subsidiary</u>" means any Subsidiary that is organized and existing under the laws of the United States or any state or commonwealth thereof or under the laws of the District of Columbia.

"<u>EEA Financial Institution</u>" means (a) any credit institution or investment firm established in any EEA Member Country that is subject to the supervision of an EEA Resolution Authority, (b) any entity established in an EEA Member Country that is a parent of an institution described in clause (a) of this definition, or (c) any financial institution established in an EEA Member Country that is a subsidiary of an institution described in clauses (a) or (b) of this definition and is subject to consolidated supervision with its parent.

"<u>EEA Member Country</u>" means any of the member states of the European Union, Iceland, Liechtenstein, and Norway.

"<u>EEA Resolution Authority</u>" means any public administrative authority or any person entrusted with public administrative authority of any EEA Member Country (including any delegee) having responsibility for the resolution of any EEA Financial Institution.

"<u>Eligible Account Obligor</u>" means Vitol and, on any date, any other Person obligated to pay an Account who meets the following criteria:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) such Person is not a Loan Party or an Affiliate of a Loan Party or any employee, officer, director, agent or stockholder of any Loan Party;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) such Person has not filed for, and is not currently the object of a proceeding relating to its bankruptcy, insolvency, reorganization, winding-up or composition or reorganization of debts and has not sold all or substantially all of its assets;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) such Person either (i) maintains its chief executive office in the U.S. and is organized under applicable law of the U.S. or any state of the U.S. or (ii) the Account is supported by an irrevocable letter of credit reasonably satisfactory to Agent (as to form, substance, and issuer or domestic confirming bank); and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(d) such Person is not (i) the United States (or any department, agency, public corporation, or instrumentality thereof) (exclusive, however, of Accounts with respect to which the Borrower has complied, to the reasonable satisfaction of the Administrative Agent, with the Assignment of Claims Act, 31 USC §3727), (ii) any state of the United States or (iii) the government of any foreign country or sovereign state, or of any state, province, municipality, or other political subdivision thereof, or of any department, agency, public corporation, or other instrumentality thereof.

"<u>Eligible Accounts</u>" means, on any date, all Accounts payable by Eligible Account Obligors to the Borrower, net of any returns, rebates, discounts (calculated on the shortest terms), credits, other allowances and deductions, and Taxes (including sales, state excise or other taxes) that have been or could be (as of such date) claimed by the Eligible Account Obligor (or are payable in the case of Taxes), that comply with each of the representations and warranties set forth in <u>Section 3.22</u> and that are not ineligible due to any of the following criteria (unless otherwise agreed by the Administrative Agent in its Permitted Discretion):

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) Accounts not subject to a first priority perfected security interest in favor of the Collateral Agent (subject to Permitted Liens);

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) Accounts subject to any Lien other than (i) a Lien in favor of the Collateral Agent and (ii) any Permitted Lien;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) Accounts owed in any currency other than U.S. dollars;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(d) other than Accounts under the SOA, billed Accounts that have not been paid by the date that is fifteen (15) Business Days after the respective due dates therefor or with respect to which the scheduled due date is more than 90 days (or such longer period as is approved by the Administrative Agent in writing) after the original invoice therefor;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(e) other than Accounts under the SOA, any Account subject to, or as to which there has been asserted, any defense, dispute, claim, offset, counterclaim, deduction, recoupment, reserve, chargeback, credit or allowance; <u>provided</u> that, if any such defense, dispute, claim, offset or counterclaim is asserted with respect to such Account in an amount equal to a sum certain, then such Account shall be an Eligible Account to the extent the face amount thereof exceeds such sum certain;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(f) other than Accounts under the SOA, all Accounts from an Eligible Account Obligor from whom a check, promissory note, draft, trade acceptance or other instrument for the payment (in whole or in part) of money has been received, presented for payment and returned uncollected for any reason, but only to the extent such payment failure has not been cured by such Eligible Account Obligor; provided that if any such payment failure occurs from an Eligible Account Obligor more than three times during any 6-month period, all such Accounts from such Eligible Account Obligor shall cease to be Eligible Accounts hereunder, irrespective of whether such payment failures are subsequently cured;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(g) all Accounts from a sale to an Affiliate, or sale-or-return, sale-on-approval, or otherwise subject to any repurchase or return arrangement;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(h) other than Accounts under the SOA, any Account owing by an Eligible Account Obligor (i) which has suspended or ceased doing business, is liquidating, dissolving or winding up its affairs, is not Solvent or is the subject of Sanctions (including by virtue of being on any specially designated nationals list maintained by OFAC), or (ii) with respect to which the Borrower is not able to bring suit or enforce remedies against such Eligible Account Obligor through judicial, arbitral or similar process;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i) Accounts with respect to which goods have been placed on consignment, guaranteed sale, bill-and-hold, or other terms by reason of which the payment by the Eligible Account Obligor may be conditional;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(j) Accounts with respect to which an invoice has not been sent prior to the date of any Borrowing Base Certificate in which such Accounts are included for purposes of calculation of the Borrowing Base;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(k) other than Accounts under the SOA, Accounts which arise out of any contract or order which, by its enforceable terms, forbids or makes void or unenforceable any assignment by the Borrower to the Agent, for the benefit of the Secured Parties, of the Account arising with respect thereto;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(l) other than Accounts under the SOA, Accounts from an Eligible Account Obligor whom the Administrative Agent, utilizing its internal credit policies (and reputational considerations) consistently applied, would not transact with in its capacity as a potential contract counterparty with such Eligible Account Obligor;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(m) Accounts to which (i) the goods giving rise to it have not been shipped and billed to the Eligible Account Obligor, or (ii) the services giving rise to it have not been performed and billed by the Eligible Account Obligor;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(n) other than Accounts under the SOA, Accounts whose payment has been extended by more than fifteen (15) Business Days, or to which the Eligible Account Obligor has made a partial payment on the due date and has not paid the remaining balance by the date that is fifteen (15) Business Days after the due date therefor, or which arise from a sale on a cash-on-delivery basis, except as approved by the Administrative Agent;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(o) Accounts that include a billing for interest, fees or late charges, but ineligibility shall be limited to the extent thereof, except as approved by the Administrative Agent; or

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(p) other than Accounts under the SOA, Accounts for which (unless otherwise agreed by the Agent in its Permitted Discretion) more than 50% of the aggregate value of the Accounts of such Eligible Account Obligor have not been paid by the date that is fifteen (15) Business Days after the respective due dates therefor.

"<u>Eligible Assignee</u>" means any Person that meets the requirements to be an assignee under Section 10.05 (subject to such consents, if any, as may be required under Section 10.05).

"<u>Eligible In-Transit Feedstock</u>" means, as of any date of determination, Feedstock that does not qualify as Eligible Inventory solely because it does not satisfy the conditions of clauses (b) or (i) in the definition thereof, but as to which,

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) such Feedstock at such time of determination is in transit to the Refinery Feedstock Storage Tanks;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) title to such Feedstock is held by the Borrower;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) such Feedstock is insured against customary types of loss, damage, hazards, and risks, and in customary amounts and with indorsements in favor of the Collateral Agent;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(d) unless the Administrative Agent agrees in writing in its Permitted Discretion, such Feedstock either:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(1) is the subject of a negotiable bill of lading (x) that is consigned to the Collateral Agent or one of its agents (either directly or by means of endorsements) in a manner reasonably acceptable to the Collateral Agent, (y) that was issued by the carrier respecting the subject Feedstock, and (z) that is in the possession of the Collateral Agent, its agent or a customs broker (in each case in the continental United States); or

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(2) is the subject of a negotiable cargo receipt and is not the subject of a bill of lading (other than a negotiable bill of lading consigned to, and in the possession of, a consolidator or the Collateral Agent, or their respective agents) and such negotiable cargo receipt is (x) consigned to the Collateral Agent or one of its agents (either directly or by means of endorsements) in a manner acceptable to the Collateral Agent, (y) that was issued by a consolidator respecting the subject Feedstock, (z) that is in the possession of the Collateral Agent, its agent or a customs broker (in each case in the continental United States);

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(e) to the extent due or required, the purchase price therefor has been paid or a letter of credit with respect to such purchase price has been issued and delivered in form and substance (and from a letter of credit issuer) acceptable to the Administrative Agent; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(f) such Feedstock satisfies the requirements of the Administrative Agent to constitute Eligible In-Transit Feedstock as determined by the Administrative Agent in its Permitted Discretion.

"<u>Eligible Inventory</u>" means all Feedstock and Product owned by the Borrower or Constructively Placed and that is not excluded as ineligible by virtue of any of the following excluding criteria (unless otherwise agreed by the Administrative Agent in its Permitted Discretion). Eligible Inventory shall not include any item of Feedstock or Product:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) (i) in which the Collateral Agent, for the benefit of the Secured Parties, does not have a valid and perfected first priority security interest or (ii) that is subject to any Lien other than Permitted Liens;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) is not located in the Refinery Storage Tanks (or, with respect to finished Products located on the Site, in transit from one such location to another such location) or Constructively Placed;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) it is located on real property leased by the Borrower or in a contract storage facility, in each case, unless it is (i) segregated from and not commingled with goods of others, if any, stored on the premises, and (ii) subject to collateral access agreements in form and substance reasonably satisfactory to the Collateral Agent;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(d) held on consignment or subject to any deposit or downpayment (but only to the extent of such deposit or downpayment);

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(e) located outside the United States;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(f) consigned to any Person;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(g) subject to a warehouse receipt or negotiable document;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(h) subject to a license or other arrangement that restricts Borrower's or the Agent's right to dispose of such Feedstock or Product, unless the Administrative Agent has received an appropriate lien waiver in form and substance satisfactory to the Administrative Agent;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i) not located at the Refinery, other premises owned by the Borrower or at such other locations as may be approved from time to time by the Administrative Agent or Constructively Placed; or

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(j) that is obsolete, unsalable, damaged or otherwise unfit for sale or further processing in the ordinary course of business of the Borrower.

"<u>Eligible Transferee</u>" means (a) any Lender (other than a Defaulting Lender) and any Affiliate of any Lender; (b) (i) a commercial bank organized under the laws of the United States having total assets in excess of $1,000,000,000; (ii) a savings and loan association or savings bank organized under the laws of the United States or any state thereof, and having total assets in excess of $1,000,000,000; (iii) a commercial bank organized under the laws of any other country or a political subdivision thereof; <u>provided</u>, that, (A) (x) such bank is acting through a branch or agency located in the United States, or (y) such bank is organized under the laws of a country that is a member of the Organization for Economic Cooperation and Development or a political subdivision of such country, and (B) such bank has total assets in excess of $1,000,000,000; (c) any other entity (other than a natural person) that is an "accredited investor" (as defined in Regulation D under the Securities Act) that extends credit or buys loans as one of its businesses including insurance companies, investment or mutual funds and lease financing companies, and having total assets in excess of $1,000,000,000; and (d) during the occurrence or continuation of an Event of Default, any other Person approved by the Administrative Agent.

"<u>Environmental Action</u>" means any written complaint, summons, citation, notice, directive, order, claim, litigation, investigation, judicial or administrative proceeding, judgment, letter, or other written communication from any Governmental Authority, or any other Person involving violations of Environmental Laws or Releases of Hazardous Materials (a) on, at or from any assets, properties, or businesses of any Loan Party, any Subsidiary of any Loan Party, or any of their predecessors in interest, (b) from adjoining properties or businesses which have migrated to any real property of any Loan Party or any Subsidiary of any Loan Party, or (c) from or onto any facilities which received Hazardous Materials generated by any Loan Party, any Subsidiary of any Loan Party, or any of their predecessors in interest.

"<u>Environmental Attribute</u>" means (a) credits, offsets or similar benefits associated with the generation of energy by a renewable energy facility, reduction of emissions or production of renewable or low carbon fuel, including Renewable Identification Numbers issued pursuant to the Renewable Fuel Standard and low carbon fuel standard credits, (b) any emissions, air quality or other environmental attribute, aspect, characteristic, claim, credit, benefit, reduction, offset or allowance, howsoever entitled or designated and (c) the reporting rights related to any such attributes, aspects, characteristics, claims, credits, benefits, reductions, offsets or allowances.

"<u>Environmental Laws</u>" means any and all Laws, judgments, decrees, concessions, grants, franchises, licenses, agreements or governmental restrictions, including all common law, relating to (a) pollution or the protection of the environment, natural resources or special status species and their habitat, (b) the Release of any materials into the environment, including those related to Hazardous Materials, air emissions, discharges to waste or public systems and (c) occupational safety matters, and, to the extent relating to exposure to Hazardous Materials, human health.

"<u>Environmental Liability</u>" means any liability or obligation, contingent or otherwise (including any liability for damages, costs of environmental remediation, fines, penalties or indemnities), directly or indirectly, resulting from or based upon (a) violation of any Environmental Law, (b) the generation, use, handling, transportation, storage, treatment, disposal or permitting or arranging for the disposal of any Hazardous Materials, (c) exposure to any Hazardous Materials, (d) the Release or threatened Release of any Hazardous Materials or (e) any contract, agreement or other consensual arrangement pursuant to which liability is assumed or imposed with respect to any of the foregoing.

"<u>Environmental Lien</u>" means any Lien in favor of any Governmental Authority for Environmental Liabilities.

"<u>Environmental Permit</u>" means any consent, waiver, variance, registration, filing, notice, certificate, license, approval, permit, orders, authorization, exception or exemption from, by or with any Governmental Authority required under Environmental Laws.

"<u>Equipment</u>" has the meaning given such term in the Security Agreement.

"<u>Equity Interests</u>" means, as 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 on any date of determination.

"<u>ERISA</u>" means the Employee Retirement Income Security Act of 1974, as amended, and the rules and regulations promulgated thereunder.

"<u>ERISA Affiliate</u>" 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 or Section 302 of ERISA).

"<u>ERISA Event</u>" means (a) a Reportable Event with respect to a Pension Plan; (b) the failure by the Borrower or any ERISA Affiliate to meet all applicable requirements under the Pension Funding Rules or the filing of an application for the waiver of the minimum funding standards under the Pension Funding Rules; (c) the incurrence by the Borrower or any ERISA Affiliate of any liability pursuant to Section 4063 or 4064 of ERISA or a cessation of operations with respect to a Pension Plan within the meaning of Section 4062(e) of ERISA; (d) a complete or partial withdrawal by the Borrower or any ERISA Affiliate from a Multiemployer Plan or notification that a Multiemployer Plan is insolvent (within the meaning of Title IV of ERISA); (e) the filing of a notice of intent to terminate a Pension Plan under, or the treatment of a Pension Plan amendment as a termination under, Section 4041 of ERISA; (f) the institution by the PBGC of proceedings to terminate a Pension Plan; (g) any event or condition that constitutes grounds under Section 4042 of ERISA for the termination of, or the appointment of a trustee to administer, any Pension Plan; (h) the determination that any Pension Plan is in at-risk status (within the meaning of Section 430 of the Code or Section 303 of ERISA) or that a Multiemployer Plan is in endangered or critical status (within the meaning of Section 432 of the Code or Section 305 of ERISA); (i) the imposition or incurrence 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; (j) the engagement by the Borrower or any ERISA Affiliate in a transaction that could be subject to Section 4069 or Section 4212(c) of ERISA; (k) the imposition of a lien upon the Borrower pursuant to Section 430(k) of the Code or Section 303(k) of ERISA; or (l) the making of an amendment to a Pension Plan that could result in the posting of bond or security under Section 436(f)(1) of the Code.

"<u>EU Bail-In Legislation Schedule</u>" means the EU Bail-In Legislation Schedule published by the Loan Market Association (or any successor person), as in effect from time to time.

"<u>Event of Default</u>" has the meaning specified in Article VII.

"<u>Event of Loss</u>" means any loss of, destruction of or damage to, or any Condemnation or other taking of any property of Borrower.

"<u>Excess Deductible Amounts</u>" means, as of any date of determination that is more than ten (10) Business Days following the Closing Date, an amount equal to the aggregate amount of all deductible amounts on the Loan Parties' insurance policies maintained in accordance with <u>Section 5.08</u> in excess of the maximum amount permitted for such applicable deductible amounts pursuant to the requirements of <u>Schedule 5.08</u> as of such date. For the avoidance of doubt, "Excess Deductible Amounts" includes, without duplication, any such excess deductible amounts which are (i) identified in a writing delivered pursuant to <u>Section 4.01(i)</u> or (ii) deemed to be in compliance with <u>Schedule 5.08</u> for purposes of the proviso in <u>Section 5.08(a)</u>.

"<u>Excluded Accounts</u>" shall mean (a) deposit accounts and/or securities accounts exclusively used to hold funds (i) for payroll and payroll taxes and other employee wage and benefit payments to or for the benefit of a Loan Party's or any of their respective Subsidiaries' officers, directors and employees or (ii) for taxes required to be collected, remitted or withheld (including federal and state withholding taxes (including the employer's share thereof)), (b) deposit accounts and/or securities accounts for which the amount on deposit does not exceed a three-day average balance (determined as of the close of business on the last Business Day of the relevant three-day period) of $250,000 individually for any such deposit account and/or securities account and $500,000 in the aggregate for all such deposit accounts and securities accounts, (c) any zero balance deposit account and/or zero balance securities account and (d) any escrow, trust, fiduciary or other similar deposit account maintained in the ordinary course of business.

"<u>Excluded Property</u>" has the meaning assigned to such term in the Security Agreement.

"<u>Excluded Subsidiary</u>" means (a) any Subsidiary that is not a wholly owned Domestic Subsidiary of the Borrower or a Guarantor and each joint venture, (b) any Subsidiary for which guarantees of the Obligations are (i) prohibited by Applicable Laws (including as a result of applicable financial assistance, directors' duties or corporate benefit requirements or require consent, approval, license or authorization of a Governmental Authority, unless such consent, approval, license or authorization has been received; provided, that there shall be no obligation to obtain such consent) or (ii) contractually prohibited on the Closing Date or, following the Closing Date, the date of any acquisition, so long as such prohibition is not created in contemplation of the transactions contemplated herein or any such acquisition, (c) any other Subsidiary with respect to which, in the reasonable judgment of the Borrower and the Administrative Agent, the burden or cost of providing a guarantee or pledge (including in respect of adverse tax consequences resulting therefrom that are not de minimis) shall be excessive in view of the benefits to be obtained by the Lenders therefrom (including BKRF OCB, LLC, so long as the Loan Parties are in compliance with Section 5.29(b)(i) and Section 6.06(c)) (d) any not-for-profit Subsidiaries, (e) any special purpose securitization vehicle (or similar entity), (f) any Domestic Subsidiary that is a direct or indirect Subsidiary of the Borrower or a Guarantor that is a "controlled foreign corporation" within the meaning of Section 957 of the Code (any such Subsidiary, a "<u>CFC</u>"), (g) any direct or indirect Subsidiary of the Borrower or a Guarantor that has no material assets other than (i) the equity interests (including, for this purpose, any debt or other instrument treated as equity for U.S. federal income tax purposes) in or Indebtedness of (A) one or more Foreign Subsidiaries that are CFCs or (B) one or more other Subsidiaries of the type described in this clause (g) and (ii) de minimis cash and Cash Equivalents and other assets being held on a temporary basis incidental to the holding of assets described in clause (g)(i) (any such Subsidiary, a "<u>CFC Holdco</u>"), (h) captive insurance Subsidiaries, and (i) any Foreign Subsidiary.

"<u>Excluded Swap Obligations</u>" 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 security interest to secure, such Swap Obligation (or any guaranty thereof) is or becomes illegal under the Commodity Exchange Act or any rule, regulation or order of the Commodity Futures Trading Commission (or the application or official interpretation of any thereof) by virtue of such Guarantor's failure for any reason to constitute an "eligible contract participant" as defined in the Commodity Exchange Act and the regulations thereunder at the time the guaranty of such Guarantor or the grant of such security interest becomes effective with respect to such Swap Obligation. If a Swap Obligation arises under a master agreement governing more than one swap, such exclusion shall apply only to the portion of such Swap Obligation that is attributable to swaps for which such guaranty or security interest is or becomes illegal.

"<u>Excluded Taxes</u>" means any of the following Taxes imposed on or with respect to a 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 applicable 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 <u>Section 2.17(b)</u>) or (ii) such Lender changes its lending office, except in each case to the extent that, pursuant to <u>Section 2.13</u>, 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 <u>Section 2.13(g)</u> or <u>Section 2.13(j)</u> and (d) any withholding Taxes imposed under FATCA.

"<u>Facility Fee</u>" has the meaning specified therefor in <u>Section 2.09(a)</u>.

"<u>FATCA</u>" 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), any current or future regulations or official interpretations thereof, any agreements entered into pursuant to Section 1471(b)(1) of the Code and any fiscal or regulatory legislation, rules or practices adopted pursuant to any intergovernmental agreement, treaty or convention among Governmental Authorities and implementing such Sections of the Code.

"<u>FCPA</u>" has the meaning specified in <u>Section 3.20(b)</u>.

"<u>Federal Funds Rate</u>" means, for any day, the greater of (a) the rate calculated by the Federal Reserve Bank of New York based on such day's Federal funds transactions by depositary institutions (as determined in such manner as the Federal Reserve Bank of New York shall set forth on its public website from time to time) and published on the next succeeding Business Day by the Federal Reserve Bank of New York as the Federal funds effective rate and (b) 0%.

"<u>Federal Reserve Board</u>" means the Board of Governors of the Federal Reserve System of the United States.

"<u>Feedstock</u>" has the meaning specified in the SOA.

"<u>Financial Officer</u>" means, as to any Person, the chief financial officer, principal accounting officer, treasurer or controller of such Person.

"<u>Financial Model</u>" means projections of the Loan Parties' operating results (on a quarterly basis over a period ending on the Maturity Date), prepared in accordance with the GCEH LLC Agreement.

"<u>Foreign Lender</u>" means any Lender that is not a U.S. Person.

"<u>Foreign Plan</u>" means any employee pension benefit plan, program, policy, arrangement or agreement maintained or contributed to by the Borrower or any Subsidiary with respect to employees employed outside the United States (other than any governmental arrangement).

"<u>Foreign Subsidiary</u>" means any direct or indirect Subsidiary of Pledgor that is not a Domestic Subsidiary.

"<u>Free Cash Flow</u>" means, for any applicable period, (a) all revenues of the Loan Parties deposited into a Collateral Account subject to a Control Agreement during such period, *minus* (b) all principal, interest and fees paid and payable in respect of the Obligations during such period *minus* (c) all operating expenses and maintenance and other Capital Expenditures of the Loan Parties during such period *minus* (d) all Taxes of the Loan Parties paid and payable in cash during such period.

"<u>Funding Date</u>" means a Specified Borrowing Date on which the Administrative Agent has determined, pursuant to Section 2.02(c), that a requested Borrowing may occur.

"<u>GAAP</u>" means, subject to Section 1.03, United States generally accepted accounting principles as in effect as of the date of determination thereof.

"<u>GCM</u>" means LIF AIV 1, L.P.

"<u>GCEH LLC Agreement</u>" means the Amended and Restated Limited Liability Company Agreement of Global Clean Energy Holdings, LLC, dated as of the Closing Date, by and among the equity shareholders party thereto from time to time.

"<u>Governmental Authority</u>" means the government of the United States of America 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).

"<u>Guaranteed Obligations</u>" means all Obligations, 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 any such Person as the debtor in such proceeding, regardless of whether such interest and fees are allowed claims in such proceeding.

"<u>Guarantors</u>" means each Person designated as a Guarantor on the signature pages of this Agreement or becoming a Guarantor in accordance with <u>Section 5.20</u>.

"<u>Hazardous Materials</u>" 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, per- and polyfluoroalkyl substances, radon gas, infectious or medical wastes, and other substances or wastes of any nature regulated under or with respect to which liability or standards of conduct are imposed pursuant to any Environmental Law.

"<u>Holdings</u>" means CVRF HCB, LLC.

"<u>Indebtedness</u>" 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:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(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;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) all liabilities under agreements and arrangements designed to protect against fluctuations in interest rates or currency exchange rates;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(d) all obligations of such Person to pay the deferred purchase price of property or services (other than accounts payable and accrued expenses arising in the ordinary course of business and payable within 90 days past the original invoice or billing date thereof);

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(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;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(f) all Attributable Indebtedness;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(g) all obligations of such Person in respect of Disqualified Equity Interests;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(h) all obligations of such Person under the CTCI O&M Agreement; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i) 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 or joint venture (other than a joint venture that is itself a corporation or limited liability company) in which such Person is a general partner or a joint venturer, unless such Indebtedness is expressly made non-recourse to such Person. The amount of any Indebtedness of any Person for purposes of clause (e) that is expressly made non-recourse or limited-recourse (limited solely to the assets securing such Indebtedness) to such Person shall be deemed to be equal to the lesser of (i) the aggregate principal amount of such Indebtedness and (ii) the fair market value of the property encumbered thereby as determined by such Person in good faith.

"<u>Indemnified Taxes</u>" 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 (a), Other Taxes.

"<u>Indemnitee</u>" has the meaning specified in Section 10.03(b).

"<u>Independent Auditor</u>" means any "big four" accounting firm or Grant Thornton LLP, in any case, as selected by Borrower and notified to the Administrative Agent, or such other firm of independent public accountants of recognized national standing in the United States selected by Borrower and acceptable to the Administrative Agent, acting reasonably.

"<u>Independent Engineer</u>" means Spearman Energy Consulting, LLC or such other independent engineer of recognized national standing in the United States selected by Borrower and acceptable to the Administrative Agent, acting reasonably.

"<u>Information</u>" has the meaning specified in Section 10.13.

"<u>Initial Material Contract</u>" means any agreement specified as a Material Contract in <u>Schedule 1.01(D)</u>.

"<u>Insolvency Proceeding</u>" means any proceeding in respect of bankruptcy, insolvency, winding up, receivership, dissolution or assignment for the benefit of creditors, in each of the foregoing events whether under the Bankruptcy Code or any similar federal, state or foreign bankruptcy, insolvency, reorganization, receivership or similar law.

"<u>Interest Rate</u>" means 12.50%.

"<u>Inventory</u>" as defined in the UCC, including all goods intended for sale, lease, display or demonstration; all work in process; and all raw materials, and other materials and supplies of any kind that are or could be used in connection with the manufacture, printing, packing, shipping, advertising, sale, lease or furnishing of such goods, or otherwise used or consumed in the Borrower's business (but excluding Equipment).

"<u>Investment</u>" means, as to any Person, any investment by such Person that would be classified as such on a balance sheet of such Person in accordance with GAAP, whether by means of (a) the purchase or other acquisition of Equity Interests or debt or other securities of another Person, (b) a loan, advance or capital contribution to, guarantee or assumption of debt of, or purchase or other acquisition of any other debt or equity participation or interest in, another Person, including any partnership or joint venture interest in such other Person and any arrangement pursuant to which the investor incurs Indebtedness of the type referred to in clause (h) of the definition of "Indebtedness" in respect of such other Person, but excluding any such loan or advance having a term not exceeding ninety (90) days representing the purchase price of inventory or supplies sold in the ordinary course of business or (c) the purchase or other acquisition (in one transaction or a series of transactions) of all or substantially all of the property and assets or business of another Person or assets constituting a business unit, line of business or division 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 but giving effect to any returns or distributions of capital or repayment of principal actually received in case by such Person with respect thereto.

"<u>IRS</u>" means the U.S. Internal Revenue Service.

"<u>Judgment Currency</u>" has the meaning specified in Section 10.16.

"<u>Laws</u>" means, collectively, all international, foreign, federal, state and local statutes, treaties, rules, binding guidelines, regulations, ordinances, codes and administrative or judicial precedents or authorities, including the binding 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.

"<u>Lender Group</u>" means each of the Lenders and the Administrative Agent, or any one or more of them.

"<u>Lender Group Expenses</u>" means all (a) costs or expenses (including Taxes and insurance premiums) required to be paid by the Loan Parties under any of the Loan Documents that are paid, advanced, or incurred by the Lender Group, (b) reasonable and documented out-of-pocket fees or charges paid or incurred by Administrative Agent in connection with the Lender Group's transactions with the Loan Parties under any of the Loan Documents, including, photocopying, notarization, couriers and messengers, telecommunication, public record searches, filing fees, recording fees, publication, real estate surveys, real estate title policies and endorsements, and environmental audits, (c) the Administrative Agent's reasonable and customary fees and charges imposed or incurred in connection with any background checks or OFAC/PEP searches related to the Loan Parties, (d) the Administrative Agent's reasonable and customary fees and charges (as adjusted from time to time) with respect to the disbursement of funds (or the receipt of funds) to or for the account of any Borrower (whether by wire transfer or otherwise), together with any reasonable and documented out-of-pocket costs and expenses incurred in connection therewith, (e) reasonable and customary charges imposed or incurred by the Administrative Agent resulting from the dishonor of checks payable by or to any Loan Party, (f) reasonable and documented out-of-pocket costs and expenses paid or incurred by the Lender Group to correct any default or enforce any provision of the Loan Documents, or during the continuance of an Event of Default, in gaining possession of, maintaining, handling, preserving, storing, shipping, selling, preparing for sale, or advertising to sell the Collateral, or any portion thereof, irrespective of whether a sale is consummated, (g) (reserved), (h) the Administrative Agent's reasonable and documented costs and expenses (including reasonable documented out-of-pocket attorneys' fees and expenses) relative to third party claims or any other lawsuit or adverse proceeding paid or incurred, whether in enforcing or defending the Loan Documents or otherwise in connection with the transactions contemplated by the Loan Documents, Collateral Agent's Liens in and to the Collateral, or the Lender Group's relationship with any Loan Party, (i) the Administrative Agent's reasonable and documented costs and expenses (including reasonable documented out-of-pocket attorneys' fees and due diligence expenses) incurred in advising, structuring, drafting, reviewing, administering (including travel, meals, and lodging), syndicating (including reasonable costs and expenses relative CUSIP, DXSyndicate™, SyndTrak or other communication costs incurred in connection with a syndication of the loan facilities), or amending, waiving, or modifying the Loan Documents, and (j) the Administrative Agent's and each Lender's reasonable and documented costs and expenses (including reasonable documented out-of-pocket attorneys, accountants, consultants, and other advisors fees and expenses) incurred in terminating, enforcing (including reasonable documented out-of-pocket attorneys, accountants, consultants, and other advisors fees and expenses incurred in connection with a "workout," a "restructuring," or an Insolvency Proceeding concerning any Loan Party or in exercising rights or remedies under the Loan Documents), or defending the Loan Documents, irrespective of whether a lawsuit or other adverse proceeding is brought, or in taking any enforcement action or any Remedial Action with respect to the Collateral; <u>provided</u>, that, the fees and expenses of counsel that shall constitute Lender Group Expenses shall in any event be limited to one primary counsel to the Administrative Agent, and one local counsel to the Administrative Agent in each reasonably necessary jurisdiction.

"<u>Lenders</u>" means the Persons listed on <u>Schedule 2.01</u> and any other Person that shall have become party hereto pursuant to an Assignment and Assumption, other than any such Person that ceases to be a party hereto pursuant to an Assignment and Assumption. Unless the context requires otherwise, the term "Lenders" does not include the Administrative Agent in its capacity as the Administrative Agent.

"<u>Lien</u>" means any mortgage, pledge, hypothecation, collateral assignment, deposit arrangement, encumbrance, lien (statutory or other), charge, or preference, priority or other security interest or preferential arrangement of any kind or nature whatsoever (including any conditional sale or other title retention agreement, any 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).

"<u>Loan</u>" means a loan by a Lender to the Borrower under <u>Article II</u> in the form of a Revolving Loan.

"<u>Loan Account</u>" has the meaning specified therefor in Section 2.08.

"<u>Loan Documents</u>" means, collectively, this Agreement, the Security Agreement, the Control Agreement or Agreements, the other Security Documents, any promissory notes issued pursuant to Section 2.04(b) and any other documents entered into in connection herewith.

"<u>Loan Obligations</u>" means 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, 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; <u>provided</u>, that "Loan Obligations" shall exclude any Excluded Swap Obligations. Without limiting the foregoing, the Loan Obligations include (a) the obligation to pay principal, interest, commissions, charges, expenses, fees, indemnities and other amounts payable by each Loan Party under any Loan Document and (b) the obligation of each Loan Party to reimburse any amount in respect of any of the foregoing that the Administrative Agent or any Lender, in each case in its sole discretion, may elect to pay or advance on behalf of such Loan Party.

"<u>Loan Party</u>" means each of the Borrower and each Guarantor.

"<u>Loss Proceeds</u>" means insurance proceeds, condemnation awards or other similar compensation, awards, damages and payments or relief (exclusive, in each case, of proceeds of business interruption, workers' compensation, employees' liability, automobile liability, builders' all risk liability and general liability insurance) with respect to any Event of Loss.

"<u>Margin Stock</u>" means margin stock within the meaning of Regulations T, U and X.

"<u>Material Adverse Effect</u>" means, with respect to any Loan Party, a material adverse effect on: (a) the business, assets, properties (including the Site), operations or financial condition of the Loan Parties, taken as a whole; (b) the ability of the Loan Parties, taken as a whole, to perform their material obligations under the Loan Documents in accordance with the terms thereof; (c) the rights and remedies of the Secured Parties, taken as a whole, under the Loan Documents; or (d) the rights or remedies of such Loan Party under the Material Contracts, taken as a whole.

"<u>Material Contract</u>" means:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) the Initial Material Contracts;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) any Acceptable Replacement Material Contract; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) any Additional Material Contracts;

<u>provided</u>, <u>however</u>, that any Material Contract shall cease to be a Material Contract when all material obligations thereunder have been indefeasibly performed and/or paid in full or if such Material Contract has otherwise terminated (except due to a breach, default, termination for convenience or force majeure event, in each case, to the extent not otherwise permitted in accordance with this Agreement) in accordance with its terms (excluding contingent indemnification and other provisions that by their express terms survive the fulfillment of the obligations of such party).

"<u>Material Contract Counterparty</u>" means each Person (other than any Loan Party, any Agent or any Lender) from time to time party to any Material Contract.

"<u>Maturity Date</u>" means the date which is 36-months after the Closing Date.

"<u>Maximum Rate</u>" has the meaning specified in Section 10.15.

"<u>Maximum Revolver Amount</u>" means $125,000,000.

"<u>Monthly Borrowing Date</u>" means the first Business Day of each calendar month.

"<u>Monthly Borrowing Notice</u>" has the meaning specified in <u>Section 2.02(b)(i)</u>.

"<u>Moody's</u>" means Moody's Investors Service, Inc.

"<u>Mortgage</u>" means that certain Deed of Trust, Security Agreement, Assignment of Rents and Leases and Fixture Filing, dated as of the Closing Date, from Borrower, as trustor, to the Title Company, as the trustee, for the benefit of the Collateral Agent, as beneficiary.

"<u>Multiemployer Plan</u>" 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, during the preceding five plan years has made or been obligated to make contributions, or has any liability.

"<u>Multiple Employer Plan</u>" means a Pension Plan with respect to which the Borrower or any ERISA Affiliate is a contributing sponsor, and that has two or more contributing sponsors at least two of whom are not under common control, as such a plan is described in Section 4064 of ERISA.

"<u>Net Cash Proceeds</u>" means

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) with respect to any Disposition by any Loan Party or any of its Subsidiaries of assets (or any Dispositions of any Investment in Sustainable Oils), the amount of cash proceeds received (directly or indirectly) from time to time (whether as initial consideration or through the payment of deferred consideration) by or on behalf of such Loan Party or such Subsidiary, in connection therewith after deducting therefrom only (i) the amount of any Indebtedness secured by any Permitted Lien on any asset (other than (A) Indebtedness owing to any Agent or any Lender under the Agreement or the other Loan Documents and (B) Indebtedness assumed by the purchaser of such asset) which is required to be, and is, repaid in connection with such Disposition, (ii) reasonable fees, commissions, and expenses related thereto and required to be paid by such Loan Party or such Subsidiary in connection with such Disposition, (iii) taxes paid or payable to any taxing authorities by Loan Party or such Subsidiary in connection with such sale or disposition, in each case to the extent, but only to the extent, that the amounts so deducted are, at the time of receipt of such cash, actually paid or payable to a Person that is not an Affiliate of such Loan Party or any of its Subsidiaries, and are properly attributable to such transaction; (iv) [reserved]; and (v) all amounts that are set aside as a reserve (A) for adjustments in respect of the purchase price of such assets, (B) for any liabilities associated with such sale or casualty, to the extent such reserve is required by GAAP, and (C) for the payment of unassumed liabilities relating to the assets sold or otherwise disposed of at the time of, or within 30 days after, the date of such Disposition, to the extent that in each case the funds described above in this clause (v) are (x) deposited into escrow with a third party escrow agent or set aside in a separate Deposit Account that is subject to a Control Agreement in favor of the Collateral Agent and (y) paid to the Administrative Agent as a prepayment of the applicable Obligations in accordance with <u>Section 2.03(e)</u> of the Agreement at such time when such amounts are no longer required to be set aside as such a reserve;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) with respect to the issuance or incurrence of any Indebtedness by any Loan Party or any of its Subsidiaries, or the issuance by any Loan Party or any of its Subsidiaries of any Equity Interests, the aggregate amount of cash received (directly or indirectly) from time to time (whether as initial consideration or through the payment or disposition of deferred consideration) by or on behalf of any Loan Party or such Subsidiary in connection with such issuance or incurrence, after deducting therefrom only (i) reasonable fees, commissions, and expenses related thereto and required to be paid by such Loan Party or such Subsidiary in connection with such issuance or incurrence, and (ii) taxes paid or payable to any taxing authorities by such Loan Party or such Subsidiary in connection with such issuance or incurrence, in each case to the extent, but only to the extent, that the amounts so deducted are, at the time of receipt of such cash, actually paid or payable to a Person that is not an Affiliate of such Loan Party or any of its Subsidiaries, and are properly attributable to such transaction; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) in the case of any Event of Loss, the aggregate amount of Loss Proceeds in respect of Collateral received by any Loan Party or any of their respective Affiliates in respect of such Event of Loss, net of (i) all reasonable and documented out-of-pocket costs and expenses (if any) and, if applicable, reasonable transaction costs (including reasonable legal and accounting fees and expenses), incurred or reasonably anticipated to be incurred by the applicable Loan Party in connection with the collection of such proceeds; and (ii) federal, state, provincial, foreign and local Taxes (other than any income taxes) reasonably estimated to be actually payable by the Loan Parties within the current or the immediately succeeding tax year in connection therewith to the extent such amounts were not deducted in determining the amount of such proceeds.

"<u>Non-Defaulting Lender</u>" means, at any time, each Lender that is not a Defaulting Lender at such time.

"<u>Note</u>" has the meaning assigned to such term in <u>Section 2.04(b)</u>.

"<u>O&F</u>" has the meaning specified in the CTCI O&M Agreement as of the date hereof (and as amended with the Administrative Agent's prior written consent).

"<u>O&M Interest</u>" has the meaning specified in the CTCI O&M Agreement as of the date hereof (and as amended with the Administrative Agent's prior written consent).

"<u>Obligations</u>" means, collectively, the Loan Obligations and the SOA SSA Obligations.

"<u>OFAC</u>" has the meaning specified in <u>Section 3.20(a)</u>.

"<u>Offered Interest</u>" has the meaning specified in Section 10.05(b)(ix).

"<u>Operating Budget</u>" means an annual operating plan and budget for the Loan Parties prepared by the Loan Parties in accordance with the GCEH LLC Agreement.

"<u>Operating Expenses</u>" means any and all of the expenses paid or payable by or on behalf of the Loan Parties in relation to the operation and maintenance (except as set forth below) of the Refinery, including consumables, payments under any operating lease, taxes (including franchise taxes, property taxes and sales taxes and excluding income taxes), insurance (including the costs of premiums and deductibles and brokers' expenses), Capital Lease Obligations and purchase money obligations (to the extent constituting Permitted Indebtedness), payments under the applicable Project Documents and the other applicable Project Documents which are contemplated by the then-current Operating Budget, costs and fees attendant to obtaining and maintaining in effect the Authorizations relating to the Refinery payable during such period, payments made to security, police services, legal, accounting and other professional fees attendant to any of the foregoing items payable during such period and other expenses set forth in the Operating Budget (including payments to Affiliates of the Loan Parties for the provision of administrative and management services (to the extent set forth in the Operating Budget)), but exclusive of Capital Expenditures and payments in respect of payments of principal and interest in respect of the Obligations or any other Indebtedness. Operating Expenses do not include non-cash charges, including depreciation, amortization, income taxes, non-cash taxes or other bookkeeping entries of a similar nature.

"<u>Organizational Documents</u>" means (a) as to any corporation, the charter or certificate or articles of incorporation and the bylaws (or equivalent or comparable constitutive documents with respect to any non-U.S. jurisdiction), (b) as to any limited liability company, the certificate or articles of formation or organization and operating or limited liability agreement and (c) as to any partnership, joint venture, trust or other form of business entity, the partnership, joint venture or other applicable agreement of formation or organization and 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 and, if applicable, any certificate or articles of formation or organization of such entity.

"<u>Orion</u>" means, collectively, OIC, L.P. and any fund vehicle managed by OIC, L.P.

"<u>Other Connection Taxes</u>" 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 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).

"<u>Other Taxes</u>" 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 2.17(b)).

"<u>Overadvance</u>" has the meaning specified in Section 2.03(e)(i).

"<u>Parent</u>" means Grapevine Energy Holdings, LLC, a Delaware limited liability company.

"<u>Participant Register</u>" has the meaning specified in Section 10.05(b)(vii).

"<u>PATRIOT Act</u>" means the USA PATRIOT Act (Title III of Pub. L. 107-56 (signed into law October 26, 2001)).

"<u>PBGC</u>" means the Pension Benefit Guaranty Corporation.

"<u>Pension Funding Rules</u>" means the rules of the Code and ERISA regarding minimum funding standards and minimum required contributions (including any installment payment thereof) to Pension Plans and Multiemployer Plans and set forth in Sections 412, 430, 431, 432 and 436 of the Code and Sections 302, 303, 304 and 305 of ERISA.

"<u>Pension Plan</u>" means any employee pension benefit plan (including a Multiple Employer Plan, but excluding a Multiemployer Plan) that is maintained or is contributed to by the Borrower or 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.

"<u>Permitted Discretion</u>" means a determination made in the exercise, in good faith, of reasonable credit judgment (from the perspective of a secured, asset-based lender).

"<u>Permitted Dispositions</u>" means:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) Dispositions of obsolete, defective or worn out property or property no longer used or useful, whether now owned or hereafter acquired, in the ordinary course of business; <u>provided</u> that if the aggregate fair market value of all such Dispositions exceeds $1,000,000 in any fiscal year, the Administrative Agent shall have received a certificate of an Authorized Person of Borrower certifying that such assets are worn out, defective or no longer used or useful prior to the consummation of any such Disposition;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) Dispositions of Inventory in the ordinary course of business;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) Dispositions of equipment 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;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(d) Dispositions of property by any Loan Party or any of its Subsidiaries to the Borrower or any other Loan Party;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(e) leases, licenses, subleases, sublicenses easements or similar interests (including the provision of open source software under an open source license and leases, sub-leases, occupancy arrangements, storage arrangements or other substantially similar interests of, or in, tanks and related infrastructure or feedstock or product in-tank storage) granted in the ordinary course of business and on ordinary commercial terms that do not interfere in any material respect with the business of the Borrower and its Subsidiaries;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(f) the discount, write-off or Disposition of accounts receivable overdue by more than 90 days or the sale of any such accounts receivable for the purpose of collection to any collection agency, in each case in the ordinary course of business;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(g) Liens permitted by Section 6.02, Restricted Payments permitted by Section 6.05, and Investments permitted by Section 6.06;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(h) Dispositions of equipment or other property in the ordinary course of business in accordance with the Material Contracts and the Loan Documents;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i) Dispositions resulting from any Condemnation of any property by any Governmental Authority, or assets subject to a casualty;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(j) the unwinding of any Swap Contract;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(k) (i) Dispositions of any Investment in, or Equity Interest in, Sustainable Oils or (ii) Dispositions or licensing of any intellectual property held by Sustainable Oils;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(l) Dispositions of cash or Cash Equivalents;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(m) sales of (and the granting of any option or other right to purchase, lease or otherwise acquire) renewable diesel, naphtha, propane, butane and other renewable hydrocarbon refined products (including Products), capacity, Environmental Attributes or ancillary services or other similar products in the ordinary course of business, including, for the avoidance of doubt, any sales made or rights granted pursuant to the SOA, in each case subject to the requirements in (x) this Agreement with respect to Material Contracts and (y) the Tax Credit Transfer Agreement and the SOA with respect to Environmental Attributes; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(n) Dispositions by the Borrower and its Subsidiaries not otherwise permitted under this Section; <u>provided</u> that the aggregate book value of all property disposed of pursuant to this clause (o) in any fiscal year shall not exceed $1,000,000 per year.

"<u>Permitted Holder</u>" means, collectively, (a) Orion, Voya, GCM and CTCI, (b) any Affiliate thereof, (c) any other Person that constitutes an investment fund that is managed, advised or sub-advised by any Person in clauses (a) or (b) or (d) any Qualified Owner.

"<u>Permitted Indebtedness</u>" means:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) Indebtedness evidenced by this Agreement or the other Loan Documents;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) Indebtedness outstanding on the date hereof and in the amounts listed on <u>Schedule 6.01</u>;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) Indebtedness in respect of the CTCI O&M Agreement, to the extent such Indebtedness is subject to the CTCI Intercreditor Agreement;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(d) Indebtedness permitted under the Commodity Hedging Program, subject to any limitations provided in the Administrative Agent's written consent to the Commodity Hedging Program;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(e) Indebtedness in respect of guarantees by a Loan Party in respect of Indebtedness of any other Loan Party permitted hereunder;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(f) Indebtedness in respect of guarantees by a Loan Party (other than the Borrower) in respect of operating leases of any other Loan Party and in respect of other contractual obligations incurred in the ordinary course of business, in each case, to the extent such operating lease or contractual obligations are not prohibited hereby;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(g) Indebtedness comprised of accounts payable, regulatory bonds, surety obligations and accrued expenses arising in the ordinary course of business and payable within 90 days past the original invoice or billing date thereof or that are being contested diligently, in good faith and in a timely manner and for which adequate reserves, if and to the extent required by GAAP, have been established, and interest thereon;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(h) Indebtedness in respect of purchase money obligations for fixed or capital assets (or otherwise to finance the acquisition or licensing of intellectual property or discrete items of equipment or assets) or Capitalized Lease obligations to the extent incurred in the ordinary course of business; <u>provided</u> that the aggregate amount of all such Indebtedness at any time outstanding shall not at any one time exceed (x) $5,000,000 plus (y) an additional $5,000,000 and any collateral securing such Indebtedness is limited to solely the fixed or capital asset being financed therewith;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i) Indebtedness among the Loan Parties; <u>provided</u> that all such Indebtedness shall be fully subordinated in priority and payment to the Obligations, and pledged as collateral to the Collateral Agent, on terms that have been approved in advance in writing by the Required Lenders;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(j) Indebtedness comprised of unsecured Indebtedness in an aggregate outstanding amount not to exceed $250,000 at any one time;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(k) other Indebtedness that does not constitute debt for borrowed money not to exceed $1,000,000 in the aggregate at any time outstanding; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(l) Indebtedness incurred in the ordinary course of business under performance, surety, statutory or appeal bonds in an aggregate amount not to exceed $1,000,000 at any one time; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(m) (i) Indebtedness associated with bonds or other surety obligations required by Governmental Authorities in connection with the operation of the business of Loan Parties in the ordinary course of business and (ii) reimbursement obligations with respect to letters of credit issued to support such Indebtedness, such reimbursement obligations not to exceed $600,000 in the aggregate.

"<u>Permitted Investments</u>" means:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) Investments held by any Loan Party or any of its Subsidiaries in the form of Cash Equivalents;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) Investments in any Loan Party or Foreign Subsidiary in existence on the Closing Date and identified on <u>Schedule 6.06</u>;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) Investments in the Borrower made after the date hereof;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(d) Investments in any Loan Party (other than the Borrower) made after the date hereof, in the aggregate under this clause (d) not to exceed $25,600,000 in the aggregate; <u>provided</u>, that any Investments made pursuant to this clause (d) in excess of $11,600,000 in the aggregate will reduce the calculation of any "Additional Amount" at any time dollar-for-dollar by the amount of such excess;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(e) Investments in any Foreign Subsidiaries made after the date hereof in the aggregate under this clause (e) not to exceed $12,600,000 in the aggregate; <u>provided</u>, that any Investments made pursuant to this clause (e) in excess of $4,000,000 in the aggregate will be deemed to reduce the calculation of any "Additional Amount" at any time dollar-for-dollar by the amount of such excess;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(f) additional cash Investments in Grapevine Energy Holdings Borrower, LLC by one or more parent companies of Grapevine Energy Holdings Borrower, LLC made after the date hereof (which Grapevine Energy Holdings Borrower, LLC may, in turn, contribute into one or more of its subsidiaries at its discretion); and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(g) Investments consisting of trade credit extended in the ordinary course of business to the extent otherwise permitted under the Loan Documents and Investments consisting of the endorsement by any Loan Party or any of its Subsidiaries of negotiable instruments payable to such Person for deposit or collection in the ordinary course of business.

"<u>Permitted Liens</u>" means:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) Liens created under the Security Documents or pursuant to this Agreement for the benefit of the Secured Parties or to Vitol (as counterparty to the SOA or the SSA);

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) Liens existing on the date hereof and listed on <u>Schedule 6.02</u> and any Liens that extend, renew or replace in whole or in part such Liens;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) [reserved];

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(d) Liens permitted under the Commodity Hedging Program (up to the amount approved by the Administrative Agent) so long as the terms and conditions of the Commodity Hedging Program related to such Liens shall have been satisfied;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(e) Liens securing Permitted Indebtedness of the type referred to in clause (i) (purchase money obligations, etc.) of such definition; <u>provided</u> that such Liens do not at any time encumber any property other than the property financed by such Indebtedness, any accessions thereto, proceeds thereof and related books and records;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(f) (i) Liens arising solely by virtue of any statutory or common law provision relating to banker's liens, rights of set-off or similar rights and remedies and burdening only deposit accounts or other funds maintained with a creditor depository institution, in each case, granted in the ordinary course of business in favor of such creditor depositary institution, <u>provided</u> that no such deposit account is a dedicated cash collateral account or is subject to restrictions against access by the depositor in excess of those set forth by regulations promulgated by the Federal Reserve Board and no such deposit account is intended by Borrower to provide collateral to the depository institution and (ii) Liens in favor of a banking or other financial institution arising as a matter of law or in the ordinary course of business under customary general terms and conditions encumbering deposits or other funds maintained with a financial institution (including the right of setoff) and that are within the general parameters customary in the banking industry or arising pursuant to such banking institution's general terms and conditions;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(g) Liens for Taxes, assessments or other governmental charges either secured by a bond or not yet due or payable or that 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;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(h) Liens arising by reason of security, pledges or deposits in the ordinary course of business or under Applicable Law (i) for payment of workmen's compensation or unemployment insurance or other types of social security benefits; or (ii) to secure the performance of bids, tenders, contracts (other than contracts for the payment of money), leases, statutory obligations, surety bonds or appeal bonds;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i) Liens pursuant to Section 5-118 of the Uniform Commercial Code of any state (or any comparable provision of any foreign Law) in favor of the issuer or nominated person of letters of credit permitted pursuant to Section 6.01;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(j) Liens of mechanics, carriers, landlords, warehousemen, materialmen, laborers, repairmen's, employees or suppliers or any similar Liens arising by operation of law incurred in the ordinary course of business and arising after the Closing Date with respect to obligations which are not due or, which are adequately bonded, and which are being contested Liens 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;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(k) Liens arising out of judgments, orders or awards that have been adequately bonded, are fully covered by insurance (subject to a customary deductible) or with respect to which a stay of execution has been obtained pending an appeal or proceeding for review pursuant to appropriate proceedings diligently conducted, if adequate reserves with respect thereto are maintained on the books of the applicable Person in accordance with GAAP;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(l) Liens or pledges of deposits of cash securing deductibles, self-insurance, copayment, co-insurance, retentions or similar obligations to providers or property, casualty or liability insurance in the ordinary course of business;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(m) Liens arising with respect to zoning restrictions, easements, licenses, reservations, covenants, rights-of-way, utility easements, building restrictions and other similar charges or encumbrances on the use of real property which, individually or in the aggregate, do not materially detract from the value of the affected property and do not materially interfere with the ordinary conduct of the business of such Loan Party and all exceptions disclosed in the Title Policy;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(n) Liens arising under ERISA and Liens arising under the Code with respect to an employee pension benefit plan (as defined in Section 3(2) of ERISA) that do not constitute an Event of Default under Section 7.01(j);

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(o) Liens or pledges of deposits of cash, in an amount not to exceed $600,000 in the aggregate, securing (i) bonds or other surety obligations entered into in the ordinary course of business or under Applicable Law or (ii) reimbursement obligations with respect to letters of credit to the extent permitted under clause (l)(ii) of the definition of "Permitted Indebtedness"; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(p) Liens securing Indebtedness and other obligations in an aggregate amount not exceeding $500,000 at any time outstanding.

"<u>Permitted Tax Distributions</u>" means, with respect to any taxable period (or portion thereof) for which any of the Loan Parties and any of their subsidiaries are members (or are disregarded from members or the results of their operations pass through to, or are otherwise reflected on tax returns of, members) of a consolidated, combined, affiliated, unitary or similar income tax group for U.S. federal, state, local or foreign income tax purposes of which a direct or indirect parent of the Loan Parties is the common parent, dividends or distributions by the Loan Parties or such applicable subsidiaries, as the case may be, to such direct or indirect parent in an amount not to exceed the sum of the relevant U.S. federal, state, local and foreign income taxes that the Loan Parties and such subsidiaries, as applicable, would have paid for such taxable period had the Loan Parties and such subsidiaries, as applicable, been a stand-alone corporate taxpayer or a stand-alone corporate group.

"<u>Person</u>" means any natural person, corporation, limited liability company, trust, joint venture, association, company, partnership, Governmental Authority or other entity.

"<u>Plan</u>" means any employee benefit plan within the meaning of Section 3(3) of ERISA, maintained for employees of the Borrower or any Subsidiary, or any such plan to which the Borrower or any Subsidiary is required to contribute on behalf of any of its employees or with respect to which the Borrower or any Subsidiary has any liability.

"<u>Plan of Reorganization</u>" means that certain Second Amended Joint Chapter 11 Plan of Reorganization of Global Clean Energy Holdings, Inc. and Its Debtor Affiliates filed at Docket No. 3.01 in those certain jointly-administered bankruptcy cases under the caption *In re Global Clean Energy Holdings, Inc., et al.*, Case No. 25-90113 (ARP) (Bankr. S.D. Tex 2025).

"<u>Pledgor</u>" means Grapevine Energy Holdings Pledgor, LLC, a Delaware limited liability company.

"<u>Product</u>" means (i) all "Products" (as defined in the SOA), (ii) all "Excluded Products" (as defined in the SOA), (iii) all other similar renewable finished product output from the Refinery and (iv) any of the foregoing that are unfinished but held in the certification tanks that are owned and operated by the Refinery.

"<u>Project Documents</u>" means, without duplication, the Material Contracts and each other agreement related to the development, construction, operation, maintenance, management, administration, ownership or use of the Refinery, the sale of renewable diesel therefrom, the provision of feedstocks, catalyst and other services thereto and real property rights and interests relating to the Refinery, in each case, entered into by, or assigned to, the Borrower, excluding any contracts, agreements, instruments or other documents required to effectuate any Permitted Investment in Sustainable Oils.

"<u>Project Document Modification</u>" has the meaning specified in Section 6.11(a)(i).

"<u>Property</u>" means any right or interest in or to property of any kind whatsoever, whether real, personal or mixed and whether tangible or intangible.

"<u>Proposed Assignee</u>" has the meaning specified in Section 10.05(b)(ix).

"<u>Pro Rata Share</u>" means, as of any date of determination:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) with respect to a Lender's obligation to make all or a portion of the Revolving Loans, with respect to such Lender's right to receive payments of interest, fees, and principal with respect to the Revolving Loans, and with respect to all other computations and other matters related to the Revolver Commitments or the Revolving Loans, the percentage obtained by dividing (i) the Revolving Loan Exposure of such Lender by (ii) the aggregate Revolving Loan Exposure of all Lenders,

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) with respect to all other matters and for all other matters as to a particular Lender, the percentage obtained by dividing (i) the Total Credit Exposure of such Lender by (ii) the aggregate Total Credit Exposure of all Lenders, in any such case as the applicable percentage may be adjusted by assignments permitted pursuant to Section 10.05; <u>provided</u>, that if all of the Loans have been repaid in full, and all Commitments have been terminated, Pro Rata Share under this clause shall be determined as if the Total Credit Exposures had not been repaid, collateralized, or terminated and shall be based upon the Total Credit Exposures as they existed immediately prior to their repayment, collateralization, or termination.

"<u>Protective Advances</u>" has the meaning specified in Section 2.02(d)(i).

"<u>Prudent Industry Practices</u>" means those practices, methods, equipment, specifications and standards of safety and performance, as the same may change from time to time, as are commonly used by renewable diesel refinery projects in the United States, as applicable, of a type and size similar to the Refinery as good, safe and prudent engineering practices in connection with the design, construction, operation, maintenance, repair and use of electrical and other equipment, facilities and improvements of such projects, with commensurate standards of safety, performance, dependability, efficiency and economy. "Prudent Industry Practices" does not necessarily mean one particular practice, method, equipment specification or standard in all cases and shall not be interpreted to require the adoption or implementation of any particular best or most optimal practice, but is instead intended to encompass a broad range of acceptable practices, methods, equipment specifications and standards.

"<u>PTE</u>" means a prohibited transaction class exemption issued by the U.S. Department of Labor, as any such exemption may be amended from time to time.

"<u>Quarterly Date</u>" means the last Business Day of September, December, March and June in each fiscal year, the first of which shall be the first such day after the date hereof.

"<u>Qualified Owner</u>" means any Person who (a) is not a Restricted Party and (b) satisfies at least two (2) of the following: such Person (i) has a long-term senior unsecured credit rating not less than "BBB-" from S&P or "Baa3" from Moody's, (ii) has a tangible net worth of at least $1,000,000,000 and (iii) has, or has contracted with a Person that has, substantial experience as an operator of commercial refineries of similar or greater scale than the Refinery.

"<u>Recipient</u>" means (a) the Administrative Agent or (b) any Lender as applicable.

"<u>Refinery</u>" means the refinery owned by the Borrower located at 6451 Rosedale Highway, Bakersfield, California to produce renewable diesel and other products.

"<u>Refinery Feedstock Storage Tanks</u>" means the Feedstock storage tanks at or adjacent to the Refinery that are owned and operated by the Refinery.

"<u>Refinery Product Storage Tanks</u>" means the Product storage tanks at or adjacent to the Refinery that are owned and operated by the Refinery.

"<u>Refinery Storage Tanks</u>" mean the Refinery Feedstock Storage Tanks and the Refinery Product Storage Tanks.

"<u>Register</u>" has the meaning specified in Section 10.05(b)(iv).

"<u>Regulation D</u>" means Regulation D of the Federal Reserve Board, as in effect from time to time and all official rulings and interpretations thereunder or thereof.

"<u>Regulation T</u>" means Regulation T of the Federal Reserve Board, as in effect from time to time and all official rulings and interpretations thereunder or thereof.

"<u>Regulation U</u>" means Regulation U of the Federal Reserve Board, as in effect from time to time and all official rulings and interpretations thereunder or thereof.

"<u>Regulation X</u>" means Regulation X of the Federal Reserve Board, as in effect from time to time and all official rulings and interpretations thereunder or thereof.

"<u>Related Parties</u>" 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.

"<u>Release</u>" means any release, spill, emission, emanation, leaking, pumping, injection, deposit, disposal, discharge, dispersal, leaching or migration into the indoor or outdoor environment, including, ambient air, soil, surface water, ground water, wetlands, land or subsurface strata.

"<u>Remedial Action</u>" means all actions taken to (a) clean up, remove, remediate, contain, treat, monitor, assess, evaluate, or in any way address Hazardous Materials in the indoor or outdoor environment, (b) prevent or minimize a Release or threatened Release of Hazardous Materials so they do not migrate or endanger or threaten to endanger public health, safety or welfare or the indoor or outdoor environment, (c) restore or reclaim natural resources or the environment, (d) perform any pre-remedial studies, investigations, or post-remedial operation and maintenance activities, or (e) conduct any other corrective actions with respect to Hazardous Materials required by Environmental Laws.

"<u>Rent and Charges Reserve</u>" means reserves which may be taken by the Administrative Agent in its Permitted Discretion with respect to Eligible Inventory in an amount up to the aggregate of, without duplication: all past due rent, storage, transportation, terminaling and other amounts owing by the Borrower to any landlord, warehouseman, terminal owner or operator, pipeline, processor, shipper, freight forwarder, broker or other Person who, in each case, possesses such Eligible Inventory; provided that any Rent and Charges Reserve taken with respect to any location at which any Eligible Inventory is located shall not exceed the value of such Inventory stored at such location.

"<u>Replacement Material Contract</u>" means, in respect of any Material Contract (other than an Additional Material Contract), one or more binding replacement Project Documents entered into by any Loan Party to replace the goods and/or services provided pursuant to such Material Contract.

"<u>Reportable Event</u>" means any of the events set forth in Section 4043(c) of ERISA, other than events for which the 30-day notice period has been waived.

"<u>Reporting Deliverable</u>" has the meaning specified in Section 7.01(d).

"<u>Required Lenders</u>" means, at any time, 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.

"<u>Reserves</u>" means the sum (without the duplication) of:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) the Rent and Charges Reserve;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) the Tax Reserve; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) the aggregate amount of liabilities secured by Liens (other than Permitted Liens) on the Collateral (but imposition of any such reserve shall not waive an Event of Default (if any) arising therefrom).

"<u>Resignation Effective Date</u>" has the meaning in Section 8.06.

"<u>Resolution Authority</u>" means an EEA Resolution Authority or, with respect to any UK Financial Institution, a UK Resolution Authority.

"<u>Responsible Officer</u>" means (a) the chief executive officer, president, executive vice president or a Financial Officer of the applicable Loan Party, (b) solely for purposes of the delivery of incumbency certificates and certified Organizational Documents and resolutions pursuant to Section 4.01, any vice president, secretary or assistant secretary of the applicable Loan Party and (c) solely for purposes of Borrowing Requests, and notices for Commitment terminations or reductions given pursuant to Article II, any other officer or employee of the Borrower so designated from time to time by one of the officers described in clause (a) in a notice to the Administrative Agent (together with evidence of the authority and capacity of each such Person to so act in form and substance satisfactory to the Administrative Agent). 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 or other action on the part of such Loan Party and such Responsible Officer shall be conclusively presumed to have acted on behalf of the such Loan Party.

"<u>Restricted Party</u>" means (a) any Person listed in any Sanctions-related list of designated Persons maintained by OFAC or the U.S. Department of State, the United Nations Security Council, the European Union, any Member State of the European Union or the United Kingdom, (b) any Person operating from, organized or resident in a country or territory that is itself the target of comprehensive Sanctions (currently, Cuba, Iran, North Korea, Syria, the Crimea region of Ukraine, the so-called Donetsk People's Republic and the so-called Luhansk People's Republic) ("Sanctioned Countries"), (c) the government of a Sanctioned Country or the Government of Venezuela or (d) any Person fifty percent (50%) or more owned or, where relevant under applicable Sanctions, controlled by any such Person or Persons.

"<u>Restricted Payment</u>" means:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) any dividend paid by any Loan Party on, or other payments or distributions on account of, or the setting apart of money for a sinking or other analogous fund for, or the purchase, redemption, retirement or other acquisition by any Loan Party of, any portion of any Equity Interests in any Loan Party or any warrants, rights or options to acquire any such membership interests;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) any payment of development, management or other fees, or of any other amounts, by any Loan Party to any Affiliate thereof; or

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) any other payment to an Affiliate of the Loan Parties or any payment under the CTCI O&M Agreement.

"<u>Revolver Commitment</u>" means, with respect to each Lender, its Revolver Commitment, and, with respect to all Lenders, their Revolver Commitments, in each case as such Dollar amounts are set forth beside such Lender's name under the applicable heading on <u>Schedule 2.01</u> to the Agreement or in the Assignment and Assumption pursuant to which such Lender became a Lender under the Agreement, as such amounts may be reduced or increased from time to time pursuant to assignments made in accordance with the provisions of Section 10.05 of the Agreement.

"<u>Revolver Usage</u>" means, as of any date of determination, the aggregate principal amount of outstanding Revolving Loans.

"<u>Revolving Credit Exposure</u>" means, as to any Lender at any time, the aggregate principal amount at such time of its outstanding Loans at such time.

"<u>Revolving Loan</u>" means a loan made by a Lender to the Borrower pursuant to Section 2.01(a).

"<u>Revolving Loan Exposure</u>" means, with respect to any Lender, as of any date of determination (a) prior to the termination of the Revolver Commitments, the amount of such Lender's Revolver Commitment, and (b) after the termination of the Revolver Commitments, the aggregate outstanding principal amount of the Revolving Loans of such Lender.

"<u>Rollover Borrowings</u>" has the meaning specified in Section 2.02(b).

"<u>S&P</u>" means Standard & Poor's Rating Group.

"<u>Sanctions</u>" has the meaning specified in <u>Section 3.20(a)</u>.

"<u>SEC</u>" means the Securities and Exchange Commission, or any Governmental Authority succeeding to any of its principal functions.

"<u>Secured Parties</u>" means the Lenders, the Agents and any other holders of the Obligations (including any holders of SOA SSA Obligations).

"<u>Securities Account</u>" means a securities account (as that term is defined in the Code).

"<u>Securities Act</u>" means the Securities Act of 1933, as amended from time to time, and any successor statute.

"<u>Security Agreement</u>" means that certain Pledge and Security Agreement, dated as of the date hereof, among the Loan Parties and the Collateral Agent.

"<u>Security Documents</u>" means the Security Agreement, the Mortgage, the Control Agreements, all Uniform Commercial Code financing statements required by any Security Document and any other security agreement or instrument to be executed or filed pursuant hereto or any Security Document.

"<u>Settlement</u>" has the meaning specified in <u>Section 2.02(e)(i)</u>.

"<u>Settlement Date</u>" has the meaning specified in <u>Section 2.02(e)(i)</u>.

"<u>Set-off Party</u>" has the meaning specified in <u>Section 10.09</u>.

"<u>Site</u>" means the parcels of land owned in fee simple by Borrower on which the Refinery is located, as more particularly described on <u>Schedule 1.01(E)</u>.

"<u>SOA</u>" means that certain Supply and Offtake Agreement, originally dated as of June 25, 2024, as amended and restated as of April 16, 2025 and to be further amended and restated as of the date hereof, by and between the Borrower and Vitol, as further amended, restated, amended and restated, supplemented or otherwise modified from time to time.

"<u>SOA SSA Obligations</u>" means all payment obligations, indemnities, fees, expenses, margin payments, settlements, termination payments (including the "Close-Out amount" as defined in the SOA), and other amounts payable from time to time under the terms of the SOA, the SSA or both, 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, fees and other obligations 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, fees and other obligations are allowed claims in such proceeding.

"<u>Solvent</u>" means, as to any Person as of 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 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 and (d) such Person is not engaged in a business or a transaction, and is not about to engage in a business or a transaction, for which such Person's property would constitute an unreasonably small capital. The amount of any contingent liability at any time shall be computed as the amount that, in light of all of the facts and circumstances existing at such time, represents the amount that can reasonably be expected to become an actual or matured liability.

"<u>Specified Borrowing Date</u>" has the meaning specified in Section 2.02(a)(i)(A).

"<u>SSA</u>" means that certain Storage Services Agreement, dated as of June 25, 2024, by and between the Borrower and the Administrative Agent, as amended, restated, amended and restated, supplemented or otherwise modified from time to time.

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

"<u>Sustainable Oils</u>" means Sustainable Oils, LLC, a Delaware limited liability company.

"<u>Swap Contract</u>" means any agreement or instrument (including a cap, swap, collar, option, forward purchase agreement or other similar derivative instrument) relating to the hedging of any interest under any Indebtedness or hedging of the prices of renewable diesel, feedstock or Environmental Attributes.

"<u>Swap Obligation</u>" means, with respect to any Loan Party, 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.

"<u>Swap Termination Value</u>" means, as of the date of determination and 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) the amount that would be payable, as determined in the commercially reasonable good faith judgment of the Borrower consistent with the prevailing market practice, under and in accordance with the terms of the applicable Swap Contracts if the transactions under such Swap Contracts were terminated on the Business Day prior to such date of determination or (b) if the transactions under such Swap Contracts were previously terminated, the termination amount under such Swap Contracts which remains unpaid as of the date of determination.

"<u>Tax Credit Transfer Agreement</u>" means an agreement between Vitol and the Borrower, in form and substance acceptable to the Administrative Agent in its sole discretion, for the transfer and sale of certain Environmental Attributes from the Borrower to Vitol.

"<u>Tax Reserve</u>" means the aggregate amount of reserves established by the Administrative Agent from time to time in its Permitted Discretion in respect of federal and state excise taxes and sales taxes that are payable by the Borrower in connection with sales of Products included in the calculation of the Borrowing Base to the extent past due by more than 90 days unless being contested in good faith and by appropriate proceedings diligently conducted, unless adequate reserves with respect thereto are maintained on the books of the applicable Borrower in accordance with GAAP.

"<u>Taxes</u>" 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.

"<u>Third-Party Terms</u>" has the meaning specified in Section 10.05(b)(ix).

"<u>Title Company</u>" means Chicago Title Insurance Company.

"<u>Title Policy</u>" means an ALTA loan policy of title insurance issued in favor of the Collateral Agent in respect of the Refinery, in form and substance reasonably satisfactory to the Collateral Agent.

"<u>Total Credit Exposure</u>" means, as to any Lender at any time, the unused Commitments and Revolving Credit Exposure of such Lender at such time.

"<u>Transaction Documents</u>" means each of the Loan Documents and the Material Contracts.

"<u>Transfer Notice</u>" has the meaning specified in Section 10.05(b)(ix).

"<u>UCC</u>" or "<u>Uniform Commercial Code</u>" means the Uniform Commercial Code as in effect from time to time in the applicable jurisdiction.

"<u>UK Financial Institution</u>" means any BRRD Undertaking (as such term is defined under the PRA Rulebook (as amended from time to time) promulgated by the United Kingdom Prudential Regulation Authority) or any person falling within IFPRU 11.6 of the FCA Handbook (as amended from time to time) promulgated by the United Kingdom Financial Conduct Authority, which includes certain credit institutions and investment firms, and certain affiliates of such credit institutions or investment firms.

"<u>UK Resolution Authority</u>" means the Bank of England or any other public administrative authority having responsibility for the resolution of any UK Financial Institution.

"<u>United States</u>" and "<u>U.S.</u>" mean the United States of America.

"<u>U.S. Borrower</u>" means any Borrower that is a U.S. Person.

"<u>U.S. Person</u>" means any Person that is a "United States person" as defined in Section 7701(a)(30) of the Code.

"<u>U.S. Tax Compliance Certificate</u>" has the meaning specified in Section 2.13(g)(ii)(B)(3).

"<u>Vitol</u>" means Vitol Americas Corp., a Delaware corporation.

"<u>Voya</u>" means Voya Renewable Energy Infrastructure Originator I, LLC and Voya Renewable Energy Infrastructure Originator L.P.

"<u>Weekly Measurement Date</u>" means the second Business Day immediately preceding each Weekly Reset Date.

"<u>Weekly Period</u>" means the period from and including each Weekly Reset Date to and including the day immediately preceding the next Weekly Reset Date (or, if earlier, the Maturity Date).

"<u>Weekly Reset Date</u>" means Wednesday of each calendar week unless (i) such Wednesday is not a Business Day or (ii) absent this clause (ii) the Weekly Measurement Date related thereto would occur during the preceding calendar week, in each of which cases the Weekly Reset Date shall be the first Business Day after such Wednesday.

"<u>Wholly-Owned</u>" means, as to a Subsidiary of a Person, a Subsidiary of such Person all of the outstanding Equity Interests of which (other than (a) director's qualifying shares and (b) shares issued to foreign nationals to the extent required by Applicable Law) are owned by such Person and/or by one or more Wholly-Owned Subsidiaries of such Person.

"<u>Withholding Agent</u>" means the Borrower and the Administrative Agent.

"<u>Write-Down and Conversion Powers</u>" means, (a) with respect to any EEA Resolution Authority, the write-down and conversion powers of such EEA Resolution Authority from time to time under the Bail-In Legislation for the applicable EEA Member Country, which write-down and conversion powers are described in the EU Bail-In Legislation Schedule, and (b) with respect to the United Kingdom, any powers of the applicable Resolution Authority under the Bail-In Legislation to cancel, reduce, modify or change the form of a liability of any UK Financial Institution or any contract or instrument under which that liability arises, to convert all or part of that liability into shares, securities or obligations of that person or any other person, to provide that any such contract or instrument is to have effect as if a right had been exercised under it or to suspend any obligation in respect of that liability or any of the powers under that Bail-In Legislation that are related to or ancillary to any of those powers.

Section 1.02 <u>Terms Generally</u>. 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." The word "or" is not exclusive. The word "year" shall refer (i) in the case of a leap year, to a year of 366 days, and (ii) otherwise, to a year of 365 days. Unless the context requires otherwise (a) any definition of or reference to any agreement, instrument or other document herein shall be construed as referring to such agreement, instrument or other document as from time to time amended, restated, amended and restated, supplemented or otherwise modified (subject to any restrictions on such amendments, supplements or modifications set forth herein or therein) and shall include any appendices, schedules, exhibits, clarification letters, side letters and disclosure letters executed in connection therewith, (b) any reference herein to any Person shall be construed to include such Person's successors and assigns to the extent permitted under the Loan Documents and, in the case of any Governmental Authority, any Person succeeding to its functions and capacities, (c) the words "herein," "hereof" and "hereunder," and words of similar import, shall be construed to refer to this Agreement in its entirety and not to any particular provision hereof, (d) all references herein to Articles, Sections, Exhibits and Schedules shall be construed to refer to Articles and Sections of, and Exhibits and Schedules to, this Agreement, (e) any reference to any law or regulation herein shall, unless otherwise specified, refer to such law or regulation as amended, modified or supplemented from time to time, and (f) 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.

Section 1.03 <u>Accounting Terms; Changes in GAAP</u>.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) <u>Accounting Terms</u>. Except as otherwise expressly provided herein, all accounting terms not otherwise defined herein shall be construed in conformity with GAAP. Financial statements and other information required to be delivered by the Borrower to the Lenders pursuant to <u>Section 5.01</u> shall be prepared in accordance with GAAP as in effect at the time of such preparation. Notwithstanding anything to the contrary contained herein, all financial statements delivered hereunder shall be prepared, and all financial covenants contained herein shall be calculated, without giving effect to any election under the Statement of Financial Accounting Standards No. 159 (or any similar accounting principle) permitting a Person to value its financial liabilities or Indebtedness at the fair value thereof.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) <u>Changes in GAAP</u>. If the Borrower notifies the Administrative Agent that the Borrower requests an amendment to any provision hereof to eliminate the effect of any change occurring after the date hereof in GAAP or in the application thereof on the operation of such provision (or if the Administrative Agent notifies the Borrower that the Required Lenders request an amendment to any provision hereof for such purpose), regardless of whether any such notice is given before or after such change in GAAP or in the application thereof, then such provision shall be interpreted on the basis of GAAP as in effect and applied immediately before such change shall have become effective until such notice shall have been withdrawn or such provision amended in accordance herewith.

Section 1.04 <u>Divisions</u>. For all purposes under the Loan Documents, in connection with any division or plan of division under Delaware law (or any comparable event under a different jurisdiction's laws): (a) if any asset, right, obligation or liability of any Person becomes the asset, right, obligation or liability of a different Person, then it shall be deemed to have been transferred from the original Person to the subsequent Person, and (b) if any new Person comes into existence, such new Person shall be deemed to have been organized on the first date of its existence by the holders of its Equity Interests at such time.

Section 1.05 <u>Weekly Reset Date Amounts</u>. Unless otherwise specified herein, any defined term that constitutes the calculation or determination of an amount with respect to a Weekly Reset Date, the components of such calculation or determination shall be made as of the Weekly Measurement Date related to such Weekly Reset Date.

Section 1.06 <u>UCC Definitions</u>. Any terms used in this Agreement that are defined in the Uniform Commercial Code shall be construed and defined as set forth in the Uniform Commercial Code unless otherwise defined herein; provided, that to the extent that the Uniform Commercial Code is used to define any term herein and such term is defined differently in different Articles of the Uniform Commercial Code, the definition of such term contained in Article 9 of the Uniform Commercial Code shall govern.

Article II

<u>LOANS AND TERMS OF PAYMENT</u>

Section 2.01 <u>Revolving Loans</u>.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) Subject to the terms and conditions of this Agreement, and during the term of this Agreement, each Lender agrees (severally, not jointly or jointly and severally) to make revolving loans ("<u>Revolving Loans</u>") to the Borrower on a Specified Borrowing Date in an amount at any one time outstanding not to exceed such Lender's Pro Rata Share of an amount equal to *the lesser of*:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i) the amount equal to (1) the Maximum Revolver Amount *less* (2) the principal amount of all Revolving Loans outstanding at such time; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(ii) the amount equal to (1) the Applicable Borrowing Base for such Specified Borrowing Date *less* (2) the principal amount of all Revolving Loans to the Borrower outstanding at such time *plus* (3) the amount of proceeds of the Borrowing to be made on such Specified Borrowing Date which will be used to pay accounts payable owed by the Borrower under the SOA *less* (4) the aggregate amount of Excess Deductible Amounts in effect at such time;

<u>provided</u> that in no event shall the aggregate amount of each Lender's outstanding Revolving Loans at any time exceed such Lender's Revolver Commitment.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) Amounts borrowed pursuant to this <u>Section 2.01</u> may be repaid and, subject to the terms and conditions of this Agreement, reborrowed at any time during the term of this Agreement. The outstanding principal amount of the Revolving Loans, together with interest accrued and unpaid thereon, shall constitute Obligations and shall be due and payable on the Maturity Date or, if earlier, on the date on which they are declared due and payable pursuant to the terms of this Agreement.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) Anything to the contrary in this Section 2.01 notwithstanding, the Administrative Agent shall have the right (but not the obligation) at any time, in the exercise of its Permitted Discretion, to establish and increase or decrease Reserves against the Borrowing Base. The amount of any Reserve established by the Administrative Agent, shall have a reasonable relationship to the event, condition, other circumstance, or fact that is the basis for such reserve and shall not be duplicative of any other reserve established and currently maintained or eligibility criteria; *provided*, that Administrative Agent shall notify the Borrower at least five (5) Business Days before the time any such Reserve is to be established or increased. Upon establishment or increase in Reserves, the Administrative Agent agrees to make itself available to discuss the Reserve or increase, and the Borrower may take such action as may be required so that the event, condition, circumstance, or fact that is the basis for such reserve or increase no longer exists, in a manner and to the extent reasonably satisfactory to the Administrative Agent in the exercise of its Permitted Discretion.

Section 2.02 <u>Borrowing Procedures and Settlements</u>.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) <u>Procedure for Borrowing Revolving Loans on a Specified Borrowing Date</u>.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i) On any Business Day occurring during a Weekly Period, a Borrowing may be made subject to the following terms and conditions (and the other applicable conditions set forth herein):

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(A) Borrower shall deliver to the Administrative Agent a duly completed Borrowing Request, received by the Administrative Agent no later than 1:00 p.m., New York time, on the day that is one (1) Business Day prior to the Business Day on which such Borrowing is requested to be made (a "<u>Specified Borrowing Date</u>") (any Borrowing Request received by the Administrative Agent later than 1:00 p.m. New York time, shall be deemed to have been received (unless the Administrative Agent, in its sole discretion, elects to credit it on the date received) on the following Business Day), specifying (A) the amount of such Borrowing, and (B) the requested Specified Borrowing Date; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(B) the amount of such Borrowing shall not exceed the Availability as of such Specified Borrowing Date.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(ii) Subject to the terms and conditions hereof, the initial Credit Extension under this Agreement shall occur on a Specified Borrowing Date.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) <u>Procedure for Borrowing Revolving Loans on a Monthly Borrowing Date</u>.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i) At least three (3) Business Days prior to each Monthly Borrowing Date, Borrower shall deliver to the Administrative Agent a written notice substantially in the form of <u>Exhibit B-2</u> hereto (a "<u>Monthly Borrowing Notice</u>") specifying as to the aggregate Borrowings to be outstanding on such Monthly Borrowing Date (the "<u>Rollover Borrowings</u>").

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(ii) Effective as of each Monthly Borrowing Date, the Rollover Borrowings shall constitute Borrowings in accordance with the relevant Monthly Borrowing Notice and Section 2.02(b)(i) above.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(iii) The outstanding aggregate Borrowings shall not increase or decrease on a Monthly Borrowing Date, unless such Monthly Borrowing Date occurs on a Specified Borrowing Date as may be identified pursuant to Section 2.02(a) above. If a Monthly Borrowing Date occurs on a Specified Borrowing Date and an additional Borrowing is to be made on such date, then Borrower may include the amount of such additional Borrowing with the Rollover Borrowings for purposes of specifying the amounts that shall constitute Borrowings as of the Monthly Borrowing Date.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) <u>Making of Revolving Loans</u>.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i) After receipt of a Borrowing Request pursuant to Section 2.02(a), and determining whether based on the Applicable Borrowing Base there is sufficient Availability to accommodate the requested Borrowing, the Administrative Agent shall (if such Availability is sufficient) notify the Lenders by telecopy, telephone, email, or other electronic form of transmission, of the requested Borrowing; such notification to be sent on the Business Day that is two Business Days prior to the relevant Funding Date. If the Administrative Agent has notified the Lenders of a requested Borrowing by 2:00 p.m., New York time, on the Business Day that is two Business Days prior to the relevant Funding Date, then each Lender shall make the amount of such Lender's Pro Rata Share of the requested Borrowing available to the Administrative Agent in immediately available funds, to the Administrative Agent's Account, not later than 1:00 p.m., New York time, on the relevant Funding Date. After the Administrative Agent's receipt of the proceeds of such Revolving Loans from the Lenders, the Administrative Agent shall make the proceeds thereof available to the Borrower on the relevant Funding Date by transferring immediately available funds equal to such proceeds received by the Administrative Agent to the Designated Account; <u>provided</u>, that, subject to the provisions of Section 2.02(d)(ii), no Lender shall have an obligation to make any Revolving Loan, if (1) one or more of the applicable conditions precedent set forth in Section 4.02 will not be satisfied on the relevant Funding Date for the applicable Borrowing unless such condition has been waived, or (2) the requested Borrowing would exceed the Availability on such Funding Date.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(ii) Unless the Administrative Agent receives notice from a Lender prior to 9:30 a.m., New York time, on the Funding Date relating to a requested Borrowing as to which the Administrative Agent has notified the Lenders of a Borrowing Request that such Lender will not make available as and when required hereunder to Agent for the account of the Borrower the amount of that Lender's Pro Rata Share of the Borrowing, the Administrative Agent may assume that each Lender has made or will make such amount available to the Administrative Agent in immediately available funds on such Funding Date and the Administrative Agent may (but shall not be so required), in reliance upon such assumption, make available to the Borrower a corresponding amount. If, on such Funding Date, any Lender shall not have remitted the full amount that it is required to make available to the Administrative Agent in immediately available funds and if the Administrative Agent has made available to the Borrower such amount on such Funding Date, then such Lender shall make the amount of such Lender's Pro Rata Share of the requested Borrowing available to the Administrative Agent in immediately available funds, to the Administrative Agent's Account, no later than 10:00 a.m., New York time, on the Business Day that is the first Business Day after such Funding Date (in which case, the interest accrued on such Lender's portion of such Borrowing for the Funding Date shall be for the Administrative Agent's separate account). If any Lender shall not remit the full amount that it is required to make available to the Administrative Agent in immediately available funds as and when required hereby and if the Administrative Agent has made available to the Borrower such amount, then that Lender shall be obligated to immediately remit such amount to the Administrative Agent, together with interest at the Default Rate for each day until the date on which such amount is so remitted. A notice submitted by the Administrative Agent to any Lender with respect to amounts owing under this Section 2.02(c)(ii) shall be conclusive, absent manifest error. If the amount that a Lender is required to remit is made available to the Administrative Agent, then such payment to the Administrative Agent shall constitute such Lender's Revolving Loan for all purposes of this Agreement. If such amount is not made available to the Administrative Agent on the Business Day following the relevant Funding Date, the Administrative Agent will notify the Borrower of such failure to fund and, upon demand by the Administrative Agent, the Borrower shall pay such amount to the Administrative Agent for the Administrative Agent's Account, together with interest thereon for each day elapsed since the date of such Borrowing, at a rate per annum equal to the interest rate applicable at the time to the Revolving Loans composing such Borrowing.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(d) <u>Protective Advances and Optional Overadvances</u>.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i) Any contrary provision of this Agreement or any other Loan Document notwithstanding (but subject to Section 2.02(d)(iv)), at any time (A) after the occurrence and during the continuance of a Default or an Event of Default, or (B) that any of the other applicable conditions precedent set forth in Section 4.02 are not satisfied, the Administrative Agent hereby is authorized by the Borrower and the Lenders, from time to time, in the Administrative Agent's sole discretion, to make Revolving Loans to, or for the benefit of, the Borrower, on behalf of the Lenders, that the Administrative Agent, in its Permitted Discretion, deems necessary or desirable (1) to preserve or protect the Collateral, or any portion thereof, or (2) to enhance the likelihood of repayment of the Obligations (the Revolving Loans described in this Section 2.02(d)(i) shall be referred to as "<u>Protective Advances</u>"). Notwithstanding the foregoing, the aggregate amount of all Protective Advances shall not cause the Revolver Usage to exceed the Maximum Revolver Amount.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(ii) Any contrary provision of this Agreement or any other Loan Document notwithstanding, the Lenders hereby authorize the Administrative Agent and the Administrative Agent may, but is not obligated to, knowingly and intentionally, continue to make Revolving Loans to the Borrower notwithstanding that an Overadvance exists or would be created thereby, so long as after giving effect to such Revolving Loans, the outstanding Revolver Usage does not exceed the Maximum Revolver Amount.

In the event the Administrative Agent obtains actual knowledge that the Revolver Usage exceeds the amounts permitted by this <u>Section 2.02(d)</u>, regardless of the amount of, or reason for, such excess, the Administrative Agent shall notify the Lenders as soon as practicable (and prior to making any (or any additional) intentional Overadvances (except for and excluding amounts charged to the Loan Account for interest, fees, or Lender Group Expenses) unless the Administrative Agent determines that prior notice would result in imminent harm to the Collateral or its value, in which case the Administrative Agent may make such Overadvances and provide notice as promptly as practicable thereafter), and the Lenders thereupon shall, together with the Administrative Agent, jointly determine the terms of arrangements that shall be implemented with the Borrower intended to reduce, within a reasonable time, the outstanding principal amount of the Revolving Loans to an amount permitted by the preceding sentence. In such circumstances, if any Lender objects to the proposed terms of reduction or repayment of any Overadvance, the terms of reduction or repayment thereof shall be implemented according to the determination of the Required Lenders. The foregoing provisions are meant for the benefit of the Lenders and Agents and are not meant for the benefit of the Borrower or any other Loan Party. Each Lender shall be obligated to settle with the Administrative Agent as provided in <u>Section 2.02(e)</u> (or <u>Section 2.02(g)</u>, as applicable) for the amount of such Lender's Pro Rata Share of any unintentional Overadvances by the Administrative Agent reported to such Lender, any intentional Overadvances made as permitted under this <u>Section 2.03(d)(ii)</u>, and any Overadvances resulting from the charging to the Loan Account of interest, fees, or Lender Group Expenses.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(iii) Each Protective Advance and each Overadvance (each, an "Extraordinary Advance") shall be deemed to be a Revolving Loan hereunder. Prior to Settlement of any Extraordinary Advance, all payments with respect thereto, including interest thereon, shall be payable to Agent solely for its own account. Each Lender shall be obligated to settle with Agent as provided in <u>Section 2.02(e)</u> (or <u>Section 2.02(g)</u>, as applicable) for the amount of such Lender's Pro Rata Share of any Extraordinary Advance. The Extraordinary Advances shall be repayable on demand, secured by Agent's Liens, constitute Obligations hereunder, and bear interest at the rate applicable from time to time to Revolving Loans. The provisions of this <u>Section 2.02(d)</u> are for the exclusive benefit of the Agents and the Lenders and are not intended to benefit Borrowers (or any other Loan Party) in any way. Notwithstanding the foregoing, the aggregate amount of all Extraordinary Advances outstanding at any one time shall not exceed 10% of the Borrowing Base.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(iv) Notwithstanding anything contained in this Agreement or any other Loan Document to the contrary, no Extraordinary Advance may be made by the Administrative Agent if such Extraordinary Advance would cause the aggregate Revolver Usage to exceed the Maximum Revolver Amount or any Lender's Pro Rata Share of the Revolver Usage to exceed such Lender's Revolver Commitments. No Lender shall have an obligation to settle with the Administrative Agent for such Extraordinary Advances that cause the aggregate Revolver Usage to exceed the Maximum Revolver Amount or a Lender's Pro Rata Share of the Revolver Usage to exceed such Lender's Revolver Commitments as provided in Section 2.02(e) (or Section 2.02(g), as applicable).

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(e) <u>Settlement</u>. It is agreed that each Lender's funded portion of the Revolving Loans is intended by the Lenders to equal, at all times, such Lender's Pro Rata Share of the outstanding Revolving Loans. Such agreement notwithstanding, the Administrative Agent and the other Lenders agree (which agreement shall not be for the benefit of the Borrower or any other Loan Party) that in order to facilitate the administration of this Agreement and the other Loan Documents, settlement among the Lenders as to the Revolving Loans (including Extraordinary Advances) shall take place on a periodic basis in accordance with the following provisions:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i) The Administrative Agent shall request settlement ("<u>Settlement</u>") with the Lenders on a weekly basis, or on a more frequent basis if so determined by the Administrative Agent in its sole discretion (1) for itself, with respect to the outstanding Extraordinary Advances, and (2) with respect to any Loan Party's or any of its Subsidiaries' payments or other amounts received, as to each by notifying the Lenders by telecopy, telephone, or other similar form of transmission, of such requested Settlement, no later than 2:00 p.m. on the Business Day immediately prior to the date of such requested Settlement (the date of such requested Settlement being the "<u>Settlement Date</u>"). Such notice of a Settlement Date shall include a summary statement of the amount of outstanding Revolving Loans (including Extraordinary Advances) for the period since the prior Settlement Date. Subject to the terms and conditions contained herein (including Section 2.02(g)):

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(A) if the amount of the Revolving Loans (including Extraordinary Advances) made by a Lender that is not a Defaulting Lender exceeds such Lender's Pro Rata Share of the Revolving Loans (including Extraordinary Advances) as of a Settlement Date, then Agent shall, by no later than 12:00 p.m. on the Settlement Date, transfer in immediately available funds to a Deposit Account of such Lender (as such Lender may designate), an amount such that each such Lender shall, upon receipt of such amount, have as of the Settlement Date, its Pro Rata Share of the Revolving Loans (including Extraordinary Advances), and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(B) if the amount of the Revolving Loans (including Extraordinary Advances) made by a Lender is less than such Lender's Pro Rata Share of the Revolving Loans (including Extraordinary Advances) as of a Settlement Date, such Lender shall no later than 12:00 p.m. on the Settlement Date transfer in immediately available funds to the Administrative Agent's Account, an amount such that each such Lender shall, upon transfer of such amount, have as of the Settlement Date, its Pro Rata Share of the Revolving Loans (including Extraordinary Advances).

Such amounts made available to the Administrative Agent under clause (B) of the immediately preceding sentence shall be applied against the amounts of the Extraordinary Advances. If any such amount is not made available to the Administrative Agent by any Lender on the Settlement Date applicable thereto to the extent required by the terms hereof, the Administrative Agent shall be entitled to recover for its account such amount on demand from such Lender together with interest thereon at the interest rate then applicable to Revolving Loans.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(ii) In determining whether a Lender's balance of the Revolving Loans (including Extraordinary Advances) is less than, equal to, or greater than such Lender's Pro Rata Share of the Revolving Loans (including Extraordinary Advances) as of a Settlement Date, the Administrative Agent shall, as part of the relevant Settlement, apply to such balance the portion of payments actually received in good funds by the Administrative Agent with respect to principal, interest, fees payable by the Borrower and allocable to the Lenders hereunder, and proceeds of Collateral.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(iii) Between Settlement Dates, the Administrative Agent, to the extent Extraordinary Advances are outstanding, may apply any payments or other amounts received by the Administrative Agent, that in accordance with the terms of this Agreement would be applied to the reduction of the Revolving Loans, for application to the Extraordinary Advances. During the period between Settlement Dates, the Administrative Agent with respect to Extraordinary Advances and each Lender with respect to the Revolving Loans other than Extraordinary Advances, shall be entitled to interest at the applicable rate or rates payable under this Agreement on the daily amount of funds employed by the Administrative Agent or the Lenders, as applicable.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(iv) Anything in this Section <u>2.02(e)</u> to the contrary notwithstanding, in the event that a Lender is a Defaulting Lender, the Administrative Agent shall be entitled to refrain from remitting settlement amounts to the Defaulting Lender and, instead, shall be entitled to elect to implement the provisions set forth in <u>Section 2.02(g)</u>.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(f) <u>Notation</u>. The Administrative Agent, as a non-fiduciary agent for the Borrower, shall maintain a register showing the principal amount of the Revolving Loans owing to each Lender, and the interests therein of each Lender, from time to time and such register shall, absent manifest error, conclusively be presumed to be correct and accurate.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(g) <u>Defaulting Lenders</u>.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i) Notwithstanding the provisions of <u>Section 2.03(b)(ii)</u>, the Administrative Agent shall not be obligated to transfer to a Defaulting Lender any payments made by the Borrower to the Administrative Agent for such Defaulting Lender's benefit or any proceeds of Collateral that would otherwise be remitted hereunder to such Defaulting Lender, and, in the absence of such transfer to such Defaulting Lender, the Administrative Agent shall transfer any such payments (A) first, to each Non-Defaulting Lender ratably in accordance with their Commitments (but, in each case, only to the extent that such Defaulting Lender's portion of a Revolving Loan (or other funding obligation) was funded by such other Non-Defaulting Lender), (B) second, to a suspense account maintained by the Administrative Agent, the proceeds of which shall be retained by the Administrative Agent and may be made available to be re-advanced to or for the benefit of the Borrower (upon the request of the Borrower and subject to the conditions set forth in Section 2.02) as if such Defaulting Lender had made its portion of Revolving Loans (or other funding obligations) hereunder, and (C) third, from and after the date on which all other Obligations have been paid in full, to such Defaulting Lender in accordance with tier (J) of Section 2.03(b)(ii). Subject to the foregoing, the Administrative Agent may hold and, in its discretion, re-lend to the Borrower for the account of such Defaulting Lender the amount of all such payments received and retained by the Administrative Agent for the account of such Defaulting Lender. Solely for the purposes of voting or consenting to matters with respect to the Loan Documents (including the calculation of Pro Rata Share in connection therewith) and for the purpose of calculating the fee payable under Section 2.09(a), such Defaulting Lender shall be deemed not to be a "Lender" and such Lender's Commitment shall be deemed to be zero. The provisions of this Section 2.02(g) shall remain effective with respect to such Defaulting Lender until the earlier of (y) the date on which all of the Non-Defaulting Lenders, Agent and the Borrower shall have waived, in writing, the application of this Section 2.02(g) to such Defaulting Lender, or (z) the date on which such Defaulting Lender makes payment of all amounts that it was obligated to fund hereunder, pays to the Administrative Agent all amounts owing by Defaulting Lender in respect of the amounts that it was obligated to fund hereunder, and, if requested by the Administrative Agent, provides adequate assurance of its ability to perform its future obligations hereunder. The operation of this Section 2.02(g) shall not be construed to increase or otherwise affect the Commitment of any Lender, to relieve or excuse the performance by such Defaulting Lender or any other Lender of its duties and obligations hereunder, or to relieve or excuse the performance by the Borrower of its duties and obligations hereunder to the Administrative Agent, or to the Lenders other than such Defaulting Lender. Any failure by a Defaulting Lender to fund amounts that it was obligated to fund hereunder shall constitute a material breach by such Defaulting Lender of this Agreement and shall entitle the Borrower, at its option, upon written notice to the Administrative Agent, to arrange for one or more Eligible Transferees selected by Borrower, or such other substitute Lender selected by Borrower to be reasonably acceptable to the Administrative Agent, to assume the commitment of such Defaulting Lender. In connection with the arrangement of such a substitute Lender, the Defaulting Lender shall have no right to refuse to be replaced hereunder, and agrees to execute and deliver a completed form of Assignment and Assumption in favor of the substitute Lender (and agrees that it shall be deemed to have executed and delivered such document if it fails to do so) subject only to being paid its share of the outstanding Obligations (including all interest, fees, and other amounts that may be due and payable in respect thereof); <u>provided</u>, that any such assumption of the Commitment of such Defaulting Lender shall not be deemed to constitute a waiver of any of the Lender Groups' or the Borrower's rights or remedies against any such Defaulting Lender arising out of or in relation to such failure to fund. In the event of a direct conflict between the priority provisions of this Section 2.02(g) and any other provision contained in this Agreement or any other Loan Document, it is the intention of the parties hereto that such provisions be read together and construed, to the fullest extent possible, to be in concert with each other. In the event of any actual, irreconcilable conflict that cannot be resolved as aforesaid, the terms and provisions of this Section 2.02(g) shall control and govern.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(h) <u>Independent Obligations</u>**.** All Revolving Loans shall be made by the Lenders contemporaneously and in accordance with their Pro Rata Shares. It is understood that (i) no Lender shall be responsible for any failure by any other Lender to perform its obligation to make any Revolving Loan (or other extension of credit) hereunder, nor shall any Commitment of any Lender be increased or decreased as a result of any failure by any other Lender to perform its obligations hereunder, and (ii) no failure by any Lender to perform its obligations hereunder shall excuse any other Lender from its obligations hereunder.

Section 2.03 <u>Payments; Reductions of Commitments; Prepayments</u>.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) <u>Payments by the Borrower</u>.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i) Except as otherwise expressly provided herein, all payments by the Borrower shall be made to the Administrative Agent's Account for the account of the Lender Group and shall be made in immediately available funds, no later than 1:00 p.m., New York time, on the date specified herein; <u>provided</u> that, for the avoidance of doubt, payments deposited into a Controlled Account (as defined in the Security Agreement) shall be deemed not to be received by the Administrative Agent on any Business Day unless immediately available funds have been credited to the Administrative Agent's Account. Any payment received by the Administrative Agent later than 1:00 p.m., New York time, shall be deemed to have been received (unless Agent, in its sole discretion, elects to credit it on the date received) on the following Business Day and any applicable interest or fee shall continue to accrue until such following Business Day. All payments to be made by the Borrower shall be made without condition or deduction for any counterclaim, defense, recoupment or setoff.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(ii) Unless the Administrative Agent receives notice from the Borrower prior to the date on which any payment is due to the Lenders that the Borrower will not make such payment in full as and when required, the Administrative Agent may assume that the Borrower has made (or will make) such payment in full to Agent on such date in immediately available funds and the Administrative Agent may (but shall not be so required), in reliance upon such assumption, distribute to each Lender on such due date an amount equal to the amount then due such Lender. If and to the extent the Borrower does not make such payment in full to the Administrative Agent on the date when due, each Lender severally shall repay to Agent on demand such amount distributed to such Lender, together with interest thereon at the Default Rate for each day from the date such amount is distributed to such Lender until the date repaid.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(iii) <u>Breakage Costs.</u> Borrower shall compensate Lender, upon written request by Lender (which request shall set forth the basis for requesting such amounts), for all reasonable losses, expenses and liabilities (including any interest paid or payable by Lender to lenders of funds borrowed by it to make or carry Loans and any loss, expense or liability sustained by Lender in connection with the liquidation or re-deployment of such funds but excluding loss of anticipated profits) which Lender may sustain: (i) if for any reason a Borrowing does not occur on a date specified therefor in a Monthly Borrowing Notice; or (ii) if any prepayment of any Loan is not made on any date specified in a notice of prepayment given by Borrower.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) <u>Apportionment and Application</u>.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i) So long as no Application Event has occurred and is continuing and except as otherwise provided herein with respect to Defaulting Lenders, all principal and interest payments received by Agent shall be apportioned ratably among the Lenders (according to the unpaid principal balance of the Obligations to which such payments relate held by each Lender) and all payments of fees and expenses received by the Administrative Agent (other than fees or expenses that are for Agent's separate account) shall be apportioned ratably among the Lenders having a Pro Rata Share of the type of Commitment or Obligation to which a particular fee or expense relates. Subject to <u>Section 2.03(b)(iv)</u> and <u>Section 2.03(e)</u>, all payments to be made hereunder by the Borrower shall be remitted to the Administrative Agent and all such payments, and all proceeds of Collateral received by the Administrative Agent shall be applied, so long as no Application Event has occurred and is continuing and except as otherwise provided herein with respect to Defaulting Lenders, to reduce the balance of the Revolving Loans outstanding and, thereafter, to the Borrower (to be wired to the Designated Account) or such other Person entitled thereto under Applicable Law.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(ii) At any time that an Application Event has occurred and is continuing and except as otherwise provided herein with respect to Defaulting Lenders, all payments remitted to the Administrative Agent and all proceeds of Collateral received by Agent shall be applied as follows:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(A) <u>first</u>, to pay any Lender Group Expenses (including cost or expense reimbursements) or indemnities then due to the Agents under the Loan Documents, until paid in full,

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(B) <u>second</u>, to pay any fees or premiums then due to the Agents under the Loan Documents until paid in full,

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(C) <u>third</u>, ratably, to pay any Lender Group Expenses (including cost or expense reimbursements) or indemnities then due to any of the Lenders under the Loan Documents, until paid in full,

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(D) <u>fourth</u>, ratably, to pay any fees or premiums then due to any of the Lenders under the Loan Documents until paid in full,

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(E) <u>fifth</u>, to pay interest due in respect of all Protective Advances, until paid in full,

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(F) <u>sixth</u>, to pay the principal of all Protective Advances, until paid in full,

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(G) <u>seventh</u>, to pay interest due in respect of all Revolving Loans until paid in full,

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(H) <u>eighth</u>, ratably, (i) to pay the principal of all Revolving Loans until paid in full and (ii) to pay all Obligations under the SOA until paid in full,

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(I) <u>ninth</u>, to pay any other Obligations other than Obligations owed to Defaulting Lenders,

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(J) <u>tenth</u>, ratably to pay any Obligations owed to Defaulting Lenders, and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(K) <u>last</u>, to the Borrower or such other Person entitled thereto under Applicable Law.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(iii) Agent promptly shall distribute to each Lender, pursuant to the applicable wire instructions received from each Lender in writing, such funds as it may be entitled to receive, subject to a settlement delay as provided in <u>Section 2.02(e)</u>.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(iv) In each instance, so long as no Application Event has occurred and is continuing, <u>Section 2.03(b)(i)</u> shall not apply to any payment made by the Borrower to Agent and specified by the Borrower to be for the payment of specific Obligations then due and payable (or prepayable) under any provision of this Agreement or any other Loan Document.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(v) For purposes of <u>Section 2.03(b)(ii)</u>, "paid in full" of a type of Obligation means payment in cash or immediately available funds of all amounts owing on account of such type of Obligation, including interest accrued after the commencement of any Insolvency Proceeding, default interest, interest on interest, and expense reimbursements, irrespective of whether any of the foregoing would be or is allowed or disallowed in whole or in part in any Insolvency Proceeding.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(vi) In the event of a direct conflict between the priority provisions of this <u>Section 2.03</u> and any other provision contained in this Agreement or any other Loan Document, it is the intention of the parties hereto that such provisions be read together and construed, to the fullest extent possible, to be in concert with each other. In the event of any actual, irreconcilable conflict that cannot be resolved as aforesaid, if the conflict relates to the provisions of <u>Section 2.02(g)</u> and this <u>Section 2.03</u>, then the provisions of <u>Section 2.02(g)</u> shall control and govern, and if otherwise, then the terms and provisions of this <u>Section 2.03</u> shall control and govern.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) <u>Reduction of Revolver Commitments</u>. The Revolver Commitments shall terminate on the Maturity Date or earlier termination thereof pursuant to the terms of this Agreement. The Borrower may reduce the Revolver Commitments, without premium or penalty, to an amount (which may be zero) not less than the sum of (A) the Revolver Usage as of such date, plus (B) the principal amount of all Revolving Loans not yet made as to which a Borrowing Request has been given by the Borrower under Section 2.02(a). Each such reduction shall be in an amount which is not less than $5,000,000 (unless the Revolver Commitments are being reduced to zero), shall be made by providing not less than five Business Days' prior written notice to the Administrative Agent, and shall be irrevocable. Once reduced, the Revolver Commitments may not be increased. Each such reduction of the Revolver Commitments shall reduce the Revolver Commitments of each Lender proportionately in accordance with its ratable share thereof.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(d) <u>Optional Prepayments</u>. The Borrower may prepay the principal of any Revolving Loan at any time in whole or in part, without premium or penalty.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(e) <u>Mandatory Prepayments</u>.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i) If, at any time (including as of any Weekly Reset Date), the Revolver Usage on such date exceeds the lesser of (A) the then Applicable Borrowing Base as reflected in the Borrowing Base Certificate for the current Weekly Period (or if no such Borrowing Base Certificate has been delivered for the current Weekly Period, then the most recently delivered Borrowing Base Certificate) and (B) the Maximum Revolver Amount as of such time (collectively, an "<u>Overadvance</u>"), then the Borrower shall, within one Business Day, prepay the Obligations in accordance with <u>Section 2.03(f)</u> in an aggregate amount necessary to eliminate such Overadvance.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(ii) Within one (1) Business Day of the date of incurrence by any Loan Party or any of its Subsidiaries of any Indebtedness (other than Permitted Indebtedness), the Borrower shall prepay the outstanding principal amount of the Obligations in accordance with <u>Section 2.03(f)</u> in an amount equal to 100% of the Net Cash Proceeds received by such Person in connection with such incurrence. The provisions of this <u>Section 2.03(e)(ii)</u> shall not be deemed to be implied consent to any such incurrence otherwise prohibited by the terms of this Agreement.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(iii) Within one (1) Business Day of the date of receipt by any Loan Party or any of its Subsidiaries of any proceeds of judgments, proceeds of settlements, or other consideration of any kind received in connection with any cause of action or claim, the Borrower shall prepay the outstanding principal amount of the Obligations in accordance with <u>Section 2.03(f)</u> in an amount equal to 100% of the Net Cash Proceeds received by such Person in connection with such incurrence.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(f) <u>Application of Payments</u>**.** Each prepayment pursuant to <u>Section 2.03(e)</u> shall, (A) so long as no Application Event shall have occurred and be continuing, be applied to the outstanding principal amount of the Revolving Loans (with no corresponding permanent reduction in the Maximum Revolver Amount), until paid in full (and any accrued and unpaid interest in respect thereof) and (B) if an Application Event shall have occurred and be continuing, be applied in the manner set forth in <u>Section 2.03(b)(ii)</u>.

Section 2.04 <u>Promise to Pay; Promissory Notes</u>.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) The Borrower promises to pay all of the Obligations (including principal, interest, premiums, if any, fees, costs, and expenses (including Lender Group Expenses)) in full on the Maturity Date or, if earlier, on the date on which the Obligations become due and payable pursuant to the terms of this Agreement.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) Any Lender may request that any portion of its Commitments or the Loans made by it be evidenced by one or more promissory notes (each, a "<u>Note</u>"). In such event, the Borrower shall execute and deliver to such Lender the requested promissory notes payable to such Lender in a form furnished by Agent and reasonably satisfactory to the Borrower. Thereafter, the portion of the Commitments and Loans evidenced by such promissory notes and interest thereon shall at all times be represented by one or more promissory notes in such form payable to the order of the payee named therein.

Section 2.05 <u>Interest Rates, Payments, and Calculations</u>.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) <u>Interest Rates</u>**.** Except as provided in <u>Section 2.05(b)</u>, all Obligations that have been charged to the Loan Account pursuant to the terms hereof shall bear interest at a *per annum* rate equal to the Interest Rate.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) <u>Default Rate</u>**.** Upon the occurrence and during the continuation of any Event of Default (other than an Event of Default under <u>Section 7.01(f)</u> or <u>(g)</u> hereof), at the election of the Required Lenders (and upon notice to the Borrower of such election), and automatically upon the occurrence of an Event of Default pursuant to <u>Section 7.01(f)</u> or <u>(g)</u> hereof, all Obligations that have been charged to the Loan Account pursuant to the terms hereof shall bear interest at a per annum rate equal to the Default Rate.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) <u>Payment</u>**.** Except to the extent provided to the contrary in <u>Section 2.09</u>, (i) all interest and all other fees payable hereunder or under any of the other Loan Documents shall be due and payable, in arrears, on each Quarterly Date, and (ii) all costs and expenses payable hereunder or under any of the other Loan Documents, and all Lender Group Expenses shall be due and payable on the earlier of (x) the first Quarterly Date following the date on which the applicable costs, expenses, or Lender Group Expenses were first incurred or (y) the date on which demand therefor is made by administrative Agent (it being acknowledged and agreed that any charging of such costs, expenses or Lender Group Expenses to the Loan Account pursuant to the provisions of the following sentence shall be deemed to constitute a demand for payment thereof for the purposes of this subclause (y)); <u>provided</u> that if an Event of Default has occurred and is continuing, such amounts shall be due and payable, in arrears, on the last Business Day of each month. The Borrower hereby authorizes the Administrative Agent, from time to time without prior notice to the Borrower, to charge to the Loan Account (A) on each Quarterly Date, all interest accrued during the prior quarter on the Revolving Loans hereunder, (B) (reserved), (C) on each Quarterly Date, the Facility Fee accrued during the prior quarter pursuant to Section 2.09(a), (D) as and when due and payable, all other fees payable hereunder or under any of the other Loan Documents, (E) as and when incurred or accrued, all other Lender Group Expenses, and (F) as and when due and payable all other payment obligations payable under any Loan Document. All amounts (including interest, fees, costs, expenses, Lender Group Expenses, or other amounts payable hereunder or under any other Loan Document) charged to the Loan Account shall thereupon constitute Revolving Loans hereunder, shall constitute Obligations hereunder, and shall initially accrue interest at the rate then applicable to Revolving Loans. All interest hereunder shall be computed on the basis of a year of 360 days, and in each case shall be payable for the actual number of days elapsed (including the first day but excluding the last day). All interest hereunder on any Loan shall be computed on a daily basis based upon the outstanding principal amount of such Loan as of the applicable date of determination.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(d) <u>Intent to Limit Charges to Maximum Lawful Rate</u>**.** In no event shall the interest rate or rates payable under this Agreement, plus any other amounts paid in connection herewith, exceed the highest rate permissible under any law that a court of competent jurisdiction shall, in a final determination, deem applicable. The Borrower and the Lender Group, in executing and delivering this Agreement, intend legally to agree upon the rate or rates of interest and manner of payment stated within it; <u>provided</u>, that, anything contained herein to the contrary notwithstanding, if such rate or rates of interest or manner of payment exceeds the maximum allowable under applicable law, then, *ipso facto*, as of the date of this Agreement, the Borrower is and shall be liable only for the payment of such maximum amount as is allowed by Applicable Law, and payment received from the Borrower in excess of such legal maximum, whenever received, shall be applied to reduce the principal balance of the Obligations to the extent of such excess.

Section 2.06 <u>Crediting Payments</u>. The receipt of any payment item by Agent shall not be required to be considered a payment on account unless such payment item is a wire transfer of immediately available funds made to the Administrative Agent's Account or unless and until such payment item is honored when presented for payment. Should any payment item not be honored when presented for payment, then the Borrower shall be deemed not to have made such payment and interest shall be calculated accordingly. Anything to the contrary contained herein notwithstanding, any payment item shall be deemed received by Agent only if it is received into the Administrative Agent's Account on a Business Day on or before 1:00 p.m., New York time. If any payment item is received into the Administrative Agent's Account on a non-Business Day or after 1:00 p.m., New York time on a Business Day (unless the Administrative Agent, in its sole discretion, elects to credit it on the date received), it shall be deemed to have been received by Agent as of the opening of business on the immediately following Business Day.

Section 2.07 <u>Designated Account</u>. Agent is authorized to make the Revolving Loans under this Agreement based upon telephonic or other instructions received from anyone purporting to be an Authorized Person or, without instructions, if pursuant to Section 2.05(c). The Borrower agrees to establish no later than the Deposit Account Deadline, and to maintain from and after the Deposit Account Deadline, the Designated Account for the purpose of receiving the proceeds of the Revolving Loans requested by the Borrower and made by the Administrative Agent or the Lenders hereunder. Unless otherwise agreed by the Administrative Agent and the Borrower, any Revolving Loan requested by the Borrower and made by the Administrative Agent or the Lenders hereunder shall be made to the Designated Account.

Section 2.08 <u>Maintenance of Loan Account; Statements of Obligations</u>. The Administrative Agent shall maintain an account on its books in the name of the Borrower (the "<u>Loan Account</u>") on which the Borrower will be charged with all Revolving Loans made by Agent or the Lenders to the Borrower or for the Borrower's account, and with all other payment Obligations hereunder or under the other Loan Documents, including, accrued interest, fees and expenses, and Lender Group Expenses. In accordance with Section 2.06, the Loan Account will be credited with all payments received by Agent from the Borrower or for the Borrower's account. The Administrative Agent shall make available to the Borrower monthly statements regarding the Loan Account, including the principal amount of the Revolving Loans, interest accrued hereunder, fees accrued or charged hereunder or under the other Loan Documents, and a summary itemization of all charges and expenses constituting Lender Group Expenses accrued hereunder or under the other Loan Documents, and each such statement, absent demonstrable error, shall be conclusively presumed to be correct and accurate and constitute an account stated between the Borrower and the Lender Group unless, within forty-five (45) days after Agent first makes such a statement available to the Borrower, the Borrower shall deliver to Agent written objection thereto describing the error or errors contained in such statement.

Section 2.09 <u>Fees</u>.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) <u>Facility Fee</u>. The Borrower shall pay to the Administrative Agent, for the ratable account of the Lenders, a facility fee (the "<u>Facility Fee</u>"), in an initial amount equal to 5.00% *per annum* times the greater of (x) zero and (y) the Maximum Revolver Amount *minus* the average Revolver Usage during the immediately preceding quarter (or portion thereof), which Facility Fee shall be due and payable in arrears on each Quarterly Date (or, if an Event of Default has occurred and is continuing, on the last Business Day of each month) from and after the Closing Date up to the Maturity Date, prior to the date on which the Obligations are paid in full and on the date on which the Obligations are paid in full.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) <u>Field Examination and Other Fees</u>. The Borrower shall pay to the Administrative Agent, field examination, appraisal, and valuation fees and charges, as and when incurred or chargeable, in accordance with <u>Section 5.14</u>.

Section 2.10 <u>(Reserved)</u>.

Section 2.11 <u>Interest Provisions</u>. Subject to Section 2.01 and Section 2.05(b) and (d), the Loans shall bear interest at a rate per annum equal to the Interest Rate on and after the date of borrowing of such Loans.

Section 2.12 <u>Weekly Determinations; Borrowing Base Certification</u>.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) By no later than 5 p.m. on each Weekly Measurement Date, the Borrower shall deliver to Agent (i) the Weekly Inventory Report duly completed based on volumetric measurements of Feedstock and Product held in the Refinery Storage Tanks as of approximately 5 p.m. on such Weekly Measurement Date, (ii) the Weekly AR Report duly completed based on the Borrower's outstanding Eligible Accounts as of 5 p.m. on such Weekly Measurement Date and (iii) the Weekly Feedstock In-transit Report duly completed based on volumetric measurements of Feedstock volumes that are subject to outstanding purchase contracts with suppliers and are being transported to but have not arrived at, the Refinery Feedstock Storage Tanks as of 5 p.m. on such Weekly Measurement Date.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) On each Weekly Measurement Date, the Borrower shall deliver to Agent a completed Borrowing Base Certificate in which the Borrower shall certify to Agent the Borrowing Base as of such Weekly Measurement Date and set forth in reasonable detail its calculation of such Borrowing Base.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) Notwithstanding Sections 2.01(a)(ii), if the initial Credit Extension occurs on the Closing Date, then the Borrowing Base Certificate shall be prepared in a manner acceptable to the Administrative Agent and the Lenders.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(d) Based on the Borrowing Base Certificate and related materials delivered to Agent, and such other information as is available to Agent, Agent shall determine the Availability and provide notice to the Borrower thereof on the Business Day preceding the Weekly Reset Date; <u>provided</u> that if based on such determination a prepayment from the Borrower is due on such Weekly Reset Date pursuant to Section 2.03(e), then Agent shall also advise the Borrower of such prepayment, including the amount thereof.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(e) In submitting any Borrowing Request with respect to a Weekly Reset Date, the Borrower shall base such request on the Availability determined by Agent for such Weekly Reset Date.

Section 2.13 <u>Taxes</u>.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) <u>Defined Terms</u>. For purposes of this Section, the term "Applicable Law" includes FATCA.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) <u>Payments Free of Taxes</u>. 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 Law. If any Applicable Law (as determined in the good faith discretion of an applicable Withholding Agent) requires the deduction or withholding of any Tax from any such payment by a Withholding Agent, then the applicable Withholding Agent shall be entitled to make such deduction or withholding and shall timely pay the full amount deducted or withheld to the relevant Governmental Authority in accordance with Applicable Law and, if such Tax is an Indemnified Tax, then the sum payable by the applicable Loan Party shall be increased as necessary so that after such deduction or withholding has been made (including such deductions and withholdings applicable to additional sums payable under this Section) the applicable Recipient receives an amount equal to the sum it would have received had no such deduction or withholding been made.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) <u>Payment of Other Taxes by Borrower</u>. The Borrower 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.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(d) <u>Indemnification by Borrower</u>. The Loan Parties shall jointly and severally indemnify each Recipient, within 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) payable or paid by such Recipient or required to be withheld or deducted from a payment to such Recipient and any 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 (with a copy to the Administrative Agent), or by the Administrative Agent on its own behalf or on behalf of a Lender, shall be conclusive absent manifest error.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(e) <u>Indemnification by the Lenders</u>. Each Lender shall severally indemnify the Administrative Agent, within 10 days after demand therefor, for (i) any Indemnified Taxes attributable to such Lender (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), (ii) any Taxes attributable to such Lender's failure to comply with the provisions of Section 10.05(b)(vii) relating to the maintenance of a Participant Register and (iii) any Excluded Taxes attributable to such Lender, in each case, that are payable or paid by the Administrative Agent 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 the amount of such payment or liability delivered to any Lender by the Administrative Agent shall be conclusive absent manifest error. Each Lender hereby authorizes the Administrative Agent to set off and apply any and all amounts at any time owing to such Lender under any Loan Document or otherwise payable by the Administrative Agent to the Lender from any other source against any amount due to the Administrative Agent under this paragraph (e).

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(f) <u>Evidence of Payments</u>. As soon as practicable after any payment of Taxes by any Loan Party to a Governmental Authority pursuant to this Section, such Loan Party shall deliver to the Administrative Agent the original or a certified copy of a receipt issued by such Governmental Authority evidencing such payment, a copy of the return reporting such payment or other evidence of such payment reasonably satisfactory to the Administrative Agent.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(g) <u>Status of Lenders</u>.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(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 paragraphs (g)(ii)(A), (ii)(B) and (ii)(D) of this Section) 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.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(ii) Without limiting the generality of the foregoing, in the event that the Borrower is a U.S. Borrower,

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(A) any Lender that is a U.S. Person shall deliver to the Borrower and the Administrative Agent on or about the date on which such Lender becomes a Lender under this Agreement (and from time to time thereafter upon the reasonable request of the Borrower or the Administrative Agent), executed copies of IRS Form W-9 certifying that such Lender is exempt from U.S. federal backup withholding tax;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(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 about 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:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(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, executed copies of IRS Form W-8BEN or IRS Form W-8BEN-E establishing an exemption from, or reduction of, U.S. federal withholding Tax pursuant to the "interest" article of such tax treaty and (y) with respect to any other applicable payments under any Loan Document, IRS Form W-8BEN or IRS Form W-8BEN-E 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;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(2) executed copies of IRS Form W-8ECI;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(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 <u>Exhibit C-1</u> 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 871(h)(3)(B) of the Code, or a "controlled foreign corporation" related to the Borrower as described in Section 881(c)(3)(C) of the Code (a "<u>U.S. Tax Compliance Certificate</u>") and (y) executed copies of IRS Form W-8BEN or IRS Form W-8BEN-E; or

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(4) to the extent a Foreign Lender is not the beneficial owner, executed copies of IRS Form W-8IMY, accompanied by IRS Form W-8ECI, IRS Form W-8BEN, IRS Form W-8BEN-E, a U.S. Tax Compliance Certificate substantially in the form of <u>Exhibit C-2</u> or <u>Exhibit C-3</u>, IRS Form W-9, or other certification documents from each beneficial owner, as applicable; <u>provided</u> 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 <u>Exhibit C-4</u> on behalf of each such direct and indirect partner;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(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 about 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 copies 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

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(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, if any, 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 this Agreement.

Each Lender agrees that if any form or certification it previously delivered expires or becomes obsolete or inaccurate in any respect, it shall update such form or certification or promptly notify the Borrower and the Administrative Agent in writing of its legal inability to do so.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(h) <u>Treatment of Certain Refunds</u>. If any party 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 pursuant to this Section (including by the payment of additional amounts pursuant to this Section), it shall pay to the indemnifying party an amount equal to such refund (but only to the extent of indemnity payments made under this Section with respect to the Taxes giving rise to such refund), net of all out-of-pocket expenses (including Taxes) of such indemnified party and without interest (other than any interest paid by the relevant Governmental Authority with respect to such refund). Such indemnifying party, upon the request of such indemnified party, shall repay to such indemnified party the amount paid over pursuant to this paragraph (h) (plus any penalties, interest or other charges imposed by the relevant Governmental Authority) in the event that such indemnified party is required to repay such refund to such Governmental Authority. Notwithstanding anything to the contrary in this paragraph (h), in no event will the indemnified party be required to pay any amount to an indemnifying party pursuant to this paragraph (h) the payment of which would place the indemnified party in a less favorable net after-Tax position than the indemnified party 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 paragraph shall not be construed to require any indemnified party to make available its Tax returns (or any other information relating to its Taxes that it deems confidential) to the indemnifying party or any other Person.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i) <u>Survival</u>. Each party's obligations under this Section shall survive the resignation or replacement of the Administrative Agent or any assignment of rights by, or the replacement of, a Lender, the termination of the Commitments and the repayment, satisfaction or discharge of all obligations under any Loan Document.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(j) <u>IRS Forms</u>. If the Administrative Agent is a U.S. person it shall deliver to the Borrower two properly completed and duly signed original copies of Internal Revenue Service Form W-9 certifying that it is exempt from federal backup withholding. If the Administrative Agent is not a U.S. person it shall deliver to the Borrower two properly completed and duly signed copies of Internal Revenue Service Form W-8ECI with respect to payments received on <u>its</u> own behalf and, with respect to payments received on account of any Lender, two properly completed and duly signed copies of Internal Revenue Service Form W-8IMY (or successor form) certifying that the Administrative Agent is either (a) a "qualified intermediary" assuming primary withholding responsibility under Chapters 3 and 4 of the Code and primary Form 1099 reporting and backup withholding responsibility for payments it receives for the accounts of others, or (b) a "U.S. branch" and that the payments it receives for the account of others are not effectively connected with the conduct of a trade or business in the United States, and in each of clause (a) and (b), that the Administrative Agent is using such form as evidence of its agreement with the Borrower to be treated as a U.S. Person with respect to such payments (and such Borrower and the Administrative Agent agree to so treat the Administrative Agent as a U.S. Person with respect to such payments as contemplated by U.S. Treasury Regulations Section 1.1441-1(b)(2)(iv)(A)).

Section 2.14 <u>Failure to Provide Borrowing Base Certificate; Volume Data Deficiencies</u>.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) If for any calendar week, the Borrower fails to provide a Borrowing Base Certificate as and when due and such failure is not remedied within one (1) Business Day, then the Administrative Agent may recalculate the Borrowing Base assuming all volumes incorporated in such calculation are equal to zero and such recalculated Borrowing Base may, for so long as such Event of Default remains uncured, be applied on any Business Day as if such Business Day were a Weekly Reset Date.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) If on any Weekly Measurement Date, the Borrower is unable to obtain all of the volumetric data required for it to prepare and deliver, as and when due, a Borrowing Base Certificate, it shall promptly on such Weekly Measurement Date give written notice to the Administrative Agent of the existence of such data deficiency specifying in reasonable detail the items of data that are unavailable and, to its knowledge, the reason for such deficiency. Provided the Borrower gives notice to the Administrative Agent as required in the preceding sentence, the Borrower shall not be required to deliver such Borrowing Base Certificate on the related Weekly Reset Date and if such Borrowing Base Certificate is delivered by such time, the parties will cooperate diligently and in good faith to expedite such further determinations and notifications as are necessary so that an additional Borrowing or a mandatory prepayment can be made on such date as may be required.

Section 2.15 <u>(Reserved)</u>.

Section 2.16 <u>(Reserved)</u>.

Section 2.17 <u>Capital Requirements; Replacement of Lenders under Certain Circumstances</u>.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) If any Lender determines that any Change in Law affecting such Lender or any lending office of such Lender or such Lender's holding company, if any, regarding capital or liquidity requirements, has or would (i) have the effect of reducing the rate of return on such Lender's capital or on the capital of such Lender's holding company, if any, as a consequence of this Agreement, the Commitments of such Lender or the Loans made by such Lender to a level below that which such Lender or such Lender's holding company could have achieved but for such Change in Law (taking into consideration such Lender's policies and the policies of such Lender's holding company with respect to capital adequacy), or (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, commitments, or other obligations, or its deposits, reserves, other liabilities or capital attributable thereto, then from time to time the Borrower will pay to such Lender within 30 days after demand therefor, as the case may be, such additional amount or amounts as will compensate such Lender or such Lender's holding company for any such reduction suffered; <u>provided</u>, that the Borrower shall not be required to provide any compensation pursuant to this <u>Section 2.17(a)</u> for any such amounts incurred more than 180 days prior to the date on which the demand for payment of such amounts is first made to the Borrower. The determination by Agent of any amount due pursuant to this <u>Section 2.17(a)</u>, as set forth in a certificate setting forth the calculation thereof in reasonable detail, shall, in the absence of manifest error, be final and conclusive and binding on all of the parties hereto.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) If any Lender requires the Borrower to pay any Indemnified Taxes or additional amounts to any Lender pursuant to <u>Section 2.13</u> or requests compensation under <u>Section 2.17(a)</u> (such Lender, an "<u>Affected Lender</u>"), then such Affected Lender shall use reasonable efforts to promptly designate a different one of its lending offices or to assign its rights and obligations hereunder to another of its offices or branches, if (i) in the reasonable judgment of such Affected Lender, such designation or assignment would eliminate or reduce amounts payable pursuant to <u>Section 2.13</u> or <u>Section 2.17(a)</u>, as applicable, or would eliminate the illegality or impracticality of funding or maintaining Loans and (ii) in the reasonable judgment of such Affected Lender, such designation or assignment would not subject it to any material unreimbursed cost or expense and would not otherwise be materially disadvantageous to it. The Borrower agrees to pay all reasonable and documented out-of-pocket costs and expenses incurred by such Affected Lender in connection with any such designation or assignment. If, after such reasonable efforts, such Affected Lender does not so designate a different one of its lending offices or assign its rights to another of its offices or branches so as to eliminate the Borrower's obligation to pay any future amounts to such Affected Lender pursuant to <u>Section 2.13</u> or <u>Section 2.17(a)</u>, as applicable, or to enable the Borrower to obtain Loans, then the Borrower (without prejudice to any amounts then due to such Affected Lender under <u>Section 2.13</u> or <u>Section 2.17(a)</u>, as applicable) may, unless prior to the effective date of any such assignment the Affected Lender withdraws its request for such additional amounts under <u>Section 2.13</u> or <u>Section 2.17(a)</u>, as applicable, or indicates that it is no longer unlawful or impractical to fund or maintain Loans, designate an Eligible Transferee selected by Borrower, or such other substitute selected by Borrower, in each case, reasonably acceptable to Agent, as a different or substitute Lender to purchase the Obligations owed to such Affected Lender and such Affected Lender's commitments hereunder (a "<u>Replacement Lender</u>"), and if such Replacement Lender agrees to such purchase, such Affected Lender shall assign to the Replacement Lender its Obligations and commitments, and upon such purchase by the Replacement Lender, which such Replacement Lender shall be deemed to be a "Lender" for purposes of this Agreement and such Affected Lender shall cease to be a "Lender" for purposes of this Agreement.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) Notwithstanding anything herein to the contrary, the protection of <u>Section 2.17</u> shall be available to each Lender (as applicable) regardless of any possible contention of the invalidity or inapplicability of the law, rule, regulation, judicial ruling, judgment, guideline, treaty or other change or condition which shall have occurred or been imposed, so long as it shall be customary for lenders affected thereby to comply therewith. Notwithstanding any other provision herein, no Lender shall demand compensation pursuant to this <u>Section 2.17</u> if it shall not at the time be the general policy or practice of such Lender (as the case may be) to demand such compensation in similar circumstances under comparable provisions of other credit agreements, if any.

Article III

<u>REPRESENTATIONS AND WARRANTIES</u>

Each Loan Party represents and warrants to the Administrative Agent and the Lenders that:

Section 3.01 <u>Existence, Qualification and Power</u>. Each Loan Party (i) is duly organized and existing and in good standing under the laws of the jurisdiction of its organization, (ii) is qualified to do business in any state where necessary in light of its business as now conducted and as proposed to be conducted, except where the failure to be so qualified could not reasonably be expected to result in a Material Adverse Effect, and (iii) has all requisite organizational power and authority to own and operate its properties and to carry on its business as now conducted and as proposed to be conducted, except where failure to do so could not reasonably be expected to result in a Material Adverse Effect. Each Loan Party has the requisite organizational power and authority to enter into the Loan Documents to which it is a party and to carry out the transactions contemplated thereby.

Section 3.02 <u>Authorization; No Contravention</u>.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) As to each Loan Party, the execution, delivery, and performance by such Loan Party of the Loan Documents to which it is a party have been duly authorized by all necessary action on the part of such Loan Party.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) As to each Loan Party, the execution, delivery, and performance by such Loan Party of the Loan Documents to which it is a party do not and will not (i) violate any applicable provision of federal, state, or local law or regulation applicable to any such Loan Party or its Subsidiaries, the Organizational Documents of such Loan Party or its Subsidiaries, or any order, judgment, or decree of any court or other Governmental Authority binding on such Loan Party or its Subsidiaries, where any such violation could, individually or in the aggregate, reasonably be expected to have a Material Adverse Effect, (ii) conflict with, result in a breach of, or constitute (with due notice or lapse of time or both) a default under any Material Contract of such Loan Party or its Subsidiaries where any such conflict, breach or default could individually or in the aggregate reasonably be expected to have a Material Adverse Effect, (iii) result in or require the creation or imposition of any Lien of any nature whatsoever upon any assets of such Loan Party, other than Permitted Liens, or (iv) require any approval of any holder of Equity Interests of such Loan Party or any approval or consent of any Person under any Material Contract of such Loan Party, other than consents or approvals that have been obtained and that are still in force and effect.

Section 3.03 <u>Governmental Authorization; Other Consents and Approvals</u>.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) The execution, delivery, and performance by each Loan Party of the Loan Documents to which such Loan Party is a party and the consummation of the transactions contemplated by the Loan Documents do not and will not require any registration with, consent, or approval of, or notice to, or other action with or by, any Governmental Authority, other than registrations, consents, approvals, notices, or other actions that have been obtained or made and that are still in force and effect and except for filings and recordings with respect to the Collateral to be made, or otherwise delivered to the Administrative Agent for filing or recordation, as of the Closing Date (or where permitted after the Closing Date), or if not obtained or made, individually or in the aggregate, could not reasonably be expected to have a Material Adverse Effect.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) Part I and Part II of <u>Schedule 3.03</u> sets forth all Authorizations required by any Governmental Authority under any Applicable Law, in each case that are necessary for the Refinery's operation and ownership (other than (x) those Authorizations that are immaterial to the Refinery and are ministerial in nature and can reasonably be expected to be obtained in due course, without materially adverse conditions or requirements, on or before the date required and (y) those Authorizations which are required to be obtained due to a change in law arising after the Closing Date). Each Authorizations listed in Part I of <u>Schedule 3.03</u> has been issued to or made by the Borrower is in full force and effect and is not subject to any current legal proceeding (including administrative or judicial appeal, permit renewals or modification) or, to the Loan Parties' knowledge, to any unsatisfied condition (required to be satisfied as of date this representation and warranty is made) that would reasonably be expected to have a Material Adverse Effect, and, except as set forth on <u>Schedule 3.03</u>, all statutorily prescribed appeal periods with respect to the issuance of such Authorizations have expired. The Loan Parties are in compliance with all Authorizations except such non-compliance as would not reasonably be expected to have a Material Adverse Effect.

Section 3.04 <u>Execution and Delivery; Binding Effect</u>. Each Loan Document has been duly executed and delivered by each Loan Party that is a party thereto and is the legally valid and binding obligation of such Loan Party, enforceable against such Loan Party in accordance with its respective terms, except as enforcement may be limited by equitable principles or by bankruptcy, insolvency, reorganization, moratorium, or similar laws relating to or limiting creditors' rights generally.

Section 3.05 <u>No Material Adverse Change</u>. Since the Closing Date, there has been no event, circumstance or change that, either individually or in the aggregate, has had or could reasonably be expected to have a Material Adverse Effect with respect to the Loan Parties and their Subsidiaries.

Section 3.06 <u>Litigation</u>. There are no actions, suits, proceedings, claims, disputes or investigations pending or, to the knowledge of any Loan Party, threatened (in writing), at Law, in equity, in arbitration or before any Governmental Authority, by or against any Loan Party or any of their Subsidiaries or against any of their properties or revenues that (a) except as specifically disclosed in <u>Schedule 3.06,</u> could reasonably be expected to be adversely determined, and, if so determined, either individually or in the aggregate could reasonably be expected to have a Material Adverse Effect, (b) purport to affect or pertain to this Agreement or any other Loan Document or any of the transactions contemplated hereby or (c) that affects the Refinery or any material part of the Site. There has been no change in the status, or financial effect on the Borrower or any Subsidiary, of the matters disclosed in <u>Schedule 3.06</u> that, either individually or in the aggregate, has increased or could reasonably be expected to increase the likelihood that such matter(s) could have a Material Adverse Effect.

Section 3.07 <u>No Material Adverse Effect; No Default</u>. Neither any Loan Party nor any Subsidiary thereof is in default under or with respect to any Contractual Obligation that, either individually or in the aggregate, could 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.

Section 3.08 <u>Property; Security Documents</u>.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) Each Loan Party has (a) good, legal and marketable title in fee simple to (in the case of fee interests in real property), (b) good and valid leasehold interests in (in the case of leasehold interests in real or personal property), and (c) good, legal and marketable title to (in the case of all other personal property), all of its assets necessary or used in the ordinary conduct of its business.

Section 3.09 <u>Taxes</u>.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) Each Loan Party has filed all material federal, state and other tax returns and reports required to be filed, and have paid all federal, state and other Taxes, assessments, fees and other governmental charges levied or imposed upon them or their properties, income or assets otherwise due and payable, except (a) Taxes that are being contested in good faith by appropriate proceedings diligently conducted and for which adequate reserves are being maintained in accordance with GAAP or (b) to the extent that the failure to do so could not reasonably be expected to have a Material Adverse Effect.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) No Property held by the Borrower, and no material Property held by any other Loan Party, in each case, is the subject of any temporary tax abatement or any other temporary tax reduction.

Section 3.10 <u>Disclosure</u>. Each Loan Party has disclosed to the Administrative Agent, and the Lenders all material agreements, instruments and corporate or other restrictions to which any Loan Party is subject, and all other matters known to it, that, in each case, either individually or in the aggregate, could reasonably be expected to have a Material Adverse Effect. The written reports, financial statements, certificates and other written information (other than projected or pro forma financial information or information of a general economic or industry nature) furnished by or on behalf of each Loan Party to any 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 (as modified or supplemented by other information so furnished), taken as a whole, do not contain any material misstatement of fact or omit to state any material fact necessary to make the statements therein (when taken as a whole), in the light of the circumstances under which they were made, not misleading; <u>provided</u> that each Loan Party's sole representation with respect to projected or pro forma financial information is that such information was prepared in good faith based upon assumptions believed to be reasonable at the time of preparation and delivery thereof and are consistent in all material respects with the Loan Documents and the Project Documents as of the time of preparation thereof (it being understood that such projected information may vary from actual results and that such variances may be material and that, accordingly, no assurances are given and no representations, warranties or covenants are made that any of the assumptions are correct, that such projected or pro forma financial information will be achieved or that the forward-looking statements expressed in such information will correspond to actual results).

Section 3.11 <u>Compliance with Laws</u>. Each Loan Party and its Subsidiaries is in compliance with the requirements of all Laws (including Environmental Laws) and all orders, writs, injunctions and decrees applicable to it, to its properties or to the Refinery, except the failure to so comply, either individually or in the aggregate, could not reasonably be expected to have a Material Adverse Effect.

Section 3.12 <u>Licenses</u>.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) Each Loan Party owns, or is licensed to use, all patents, trademarks, permits, proprietary information and knowledge, technology, copyrights, licenses, franchises and formulas, or rights with respect thereto and all other intellectual property, necessary for its business and that are material to the performance by it of its obligations under the Transaction Documents to which it is a party, in each case, as to which the failure of such Loan Party to so own or be licensed could reasonably be expected to have a Material Adverse Effect, and the use thereof by such Loan Party does not infringe in any material respect upon the rights of any other Person.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) Each Loan Party has obtained all necessary licenses, easements, and access rights required for the Refinery, as set forth on <u>Schedule 3.12</u>, the absence of which could reasonably be expected to have a Material Adverse Effect.

Section 3.13 <u>Senior Obligations</u>. Each Loan Party's obligations under the Loan Documents are the direct and unconditional general obligations of such Loan Party and, subject to Permitted Liens, rank senior or pari passu in priority of payment and in all other respects with all other present or future unsecured and secured Indebtedness of such Loan Party other than any Indebtedness permitted under Section 6.01 that has priority as a matter of law or contract.

Section 3.14 <u>Solvency</u>. Each Loan Party is Solvent.

Section 3.15 <u>ERISA Compliance</u>.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) Except as could not reasonably be expected, either individually or in the aggregate, to have a Material Adverse Effect, (i) each Plan is in compliance with the applicable provisions of ERISA, the Code and other federal or state Laws and (ii) each Plan that is intended to be a qualified plan under Section 401(a) of the Code has received a favorable determination 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 IRS 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, and, to the knowledge of each Loan Party, nothing has occurred that would prevent or cause the loss of such tax-qualified status.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) There are no pending or, to the knowledge of each Loan Party, threatened or contemplated claims, actions or lawsuits, or action by any Governmental Authority, with respect to any Plan that, either individually or in the aggregate, 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, either individually, or in the aggregate, has had or could reasonably be expected to have a Material Adverse Effect.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) No ERISA Event has occurred that, either individually or in the aggregate, could reasonably be expected to constitute or result in an ERISA Event.

Section 3.16 <u>Authorizations</u>. Except with respect to any matters that, either individually or in the aggregate, could not reasonably be expected to have a Material Adverse Effect, each Loan Party or the Refinery, as applicable, (i) holds or has applied for all material Authorizations (material Authorizations held by each Loan Party are set forth in Part I of <u>Schedule 3.16</u>, each of which is in full force and effect and material Authorizations applied for are set forth in Part II of <u>Schedule 3.16</u>) required for any of its current operations or for any property owned, leased or otherwise operated by it; and (ii) is and has been in compliance with all Authorizations required under Applicable Laws.

Section 3.17 <u>Environmental Matters</u>.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) Except with respect to any matters that, either individually or in the aggregate, could not reasonably be expected to have a Material Adverse Effect, neither any Loan Party nor any of its Subsidiaries (i) has failed to comply with any Environmental Law or to obtain, maintain or comply with any Environmental Permit, (ii) knows of any basis for any Environmental Permit to be revoked, canceled, limited, terminated, modified, appealed or otherwise challenged, (iii) has become subject to any Environmental Liability, (iv) has received written notice of any claim, complaint, proceeding, investigation or inquiry with respect to any Environmental Liability (and no such claim, complaint, proceeding, investigation or inquiry is pending or, to the knowledge of the Borrower, is threatened or contemplated), or (v) knows of any facts, events or circumstances that could reasonably be expected to give rise to any basis for any Environmental Liability of any Loan Party or any of its Subsidiaries.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) Except with respect to any matters that, either individually or in the aggregate, could not reasonably be expected to have a Material Adverse Effect, (i) there has been no Release or threat of Release of Hazardous Materials at, on, from or under the Site or any other real property currently or formerly owned, leased or operated by any Loan Party, except in each case in compliance with Environmental Laws, (ii) there have been no material environmental investigations, studies, audits, reviews or other analyses conducted by any Loan Party in relation to the Refinery which disclose any potential basis for any Environmental Action, except as would not be reasonably expected to have a Material Adverse Effect; and (iii) each Loan Party has made available copies of all significant reports, correspondence and other documents in its possession, custody or control regarding compliance by any of the Loan Parties with, or potential liability of any of the Loan Parties under, Environmental Laws or Environmental Permits, except as would not be reasonably expected to have a Material Adverse Effect.

Section 3.18 <u>Margin Regulations</u>. No Loan Party nor any of its Subsidiaries is engaged principally, or as one of its important activities, in the business of extending credit for the purpose of purchasing or carrying any Margin Stock. No part of the proceeds of the Loans made to the Borrower will be used to purchase or carry any Margin Stock or to extend credit to others for the purpose of purchasing or carrying any Margin Stock or for any purpose that violates the provisions of Regulation T, U or X of the Federal Reserve Board.

Section 3.19 <u>Investment Company Act</u>. No Loan Party nor any of its Subsidiaries is an "investment company" as defined in, or subject to regulation under, the Investment Company Act of 1940 (including the rules and regulations thereunder).

Section 3.20 <u>Sanctions; Anti-Corruption</u>.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) No Loan Party nor any of its Subsidiaries, or, to any of the Loan Parties' knowledge, any director, officer, employee or agent of any Loan Party or any of its Subsidiaries is an individual or entity that is, or controlled by persons that are the subject or target of any sanctions administered or enforced by the U.S. Department of the Treasury's Office of Foreign Assets Control ("<u>OFAC</u>") or the U.S. Department of State (collectively, "<u>Sanctions</u>").

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) Each Loan Party, its Subsidiaries and their respective directors, officers and employees and, to the knowledge of the Borrower, the agents of the Borrower and its Subsidiaries, solely in their capacity as such, are in compliance with all applicable Sanctions and with the Foreign Corrupt Practices Act of 1977, as amended, and the rules and regulations thereunder (the "<u>FCPA</u>") and any other applicable Anti-Corruption Law, in all material respects. The Borrower and its Subsidiaries have instituted and maintain or are subject to policies and procedures designed to promote and achieve continued compliance with applicable Sanctions, the FCPA and any other applicable Anti-Corruption Laws.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) No part of the proceeds of the Loans will be used, directly or indirectly (i) in violation of the FCPA, Anti-Money Laundering Laws or Sanctions or (ii) to offer or make payments or to take any other action that would constitute a violation, or implicate any Lender, Administrative Agent, Collateral Agent or their respective Affiliates in a violation, of Anti-Corruption Laws or applicable Sanctions.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(d) Each of the Loan Parties has disclosed all facts known to it regarding (a) all claims, damages, liabilities, obligations, losses, penalties, actions, judgment, and/or allegations of any kind or nature that are asserted against, paid or payable by such Person, any of its Affiliates or any of its representatives in connection with non-compliance with Anti-Corruption Laws, Sanctions or Anti-Money Laundering Laws by such Person, and (b) any investigations involving possible non-compliance with Anti-Corruption Laws, Sanctions or Anti-Money Laundering Laws by such Person or such Affiliate or such representative. No proceeding by or before any Governmental Authority involving any Loan Party with respect to Anti-Corruption Laws, Sanctions or Anti-Money Laundering Laws is pending or, to the knowledge of the Loan Parties, threatened.

Section 3.21 <u>Beneficial Ownership Certification</u>. As of (a) the Closing Date, the information included in the Beneficial Ownership Certification delivered pursuant to <u>Section 4.01(i)</u> is true and correct in all respects and (b) as of the date delivered, the information included in each Beneficial Ownership Certification delivered pursuant to <u>Section 5.18</u> is true and correct in all respects.

Section 3.22 <u>Eligible Accounts</u>. As to each Account that is identified by the Borrower as an Eligible Account in a Borrowing Base Certificate submitted to the Administrative Agent, such Account is:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) genuine and in all material respects what it purports to be;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) (i) owed to the Borrower without any known defenses, disputes, offsets, counterclaims, or rights of return or cancellation, (ii) is not subject to any extension, modification, deduction, discount or return that has been authorized or which is in process with respect to such Account (except discounts or allowances granted in the ordinary course of the Borrower's business for prompt payment that are reflected on the face of the invoice related thereto and in the reports submitted to the Administrative Agent hereunder), and (iii) the Borrower is shown as the sole payee or remittance party on each applicable invoice;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(d) for a sum certain, maturing as stated in any applicable invoice, a copy of which has been furnished to the Administrative Agent or is available to the Administrative Agent on request;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(e) not subject to any terms in a purchase order, agreement, document or Applicable Law that restricts assignment of the Account to the Administrative Agent or the Collateral Agent (regardless of whether, under the Uniform Commercial Code, the restriction is ineffective);

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(f) not excluded as ineligible by virtue of one or more of the excluding criteria (other than any Administrative Agent-discretionary criteria) set forth in the definition of Eligible Accounts; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(g) to the Borrowers' knowledge, (i) there are no facts or circumstances that are reasonably likely to impair the enforceability or collectability of such Account; (ii) the Account Debtor had the capacity to contract when the Account arose, continues to meet the Borrower's customary credit standards, is Solvent, is not contemplating or subject to an Insolvency Proceeding, and has not failed, or suspended or ceased doing business; and (iii) there are no proceedings or actions threatened or pending against any Account Debtor that could, individually or in the aggregate, reasonably be expected to have a material adverse effect on the Account Debtor's financial condition.

Section 3.23 <u>Insurance</u>. All insurance policies required to be obtained by the Loan Parties pursuant to <u>Section 5.08</u> and under any Material Contract, if any, have been obtained and are in full force and effect as required under <u>Section 5.08</u> and all premiums then due and payable thereon have been paid in full. No Loan Party nor any of its Subsidiaries has received any notice from any insurer that any insurance policy has ceased to be in full force and effect or claiming that the insurer's liability under any such insurance policy can be reduced or avoided.

Section 3.24 <u>(Reserved)</u>.

Section 3.25 <u>Use of Proceeds</u>. The proceeds of the Loan have been used solely in accordance with, and solely for the purposes contemplated by, <u>Section 5.15</u>. No part of the proceeds of any Loan and other extensions of credit hereunder will be used, either directly or indirectly, by any Loan Party to purchase or carry any Margin Stock (as defined in Regulation U) or to extend credit to others for the purpose of purchasing or carrying any Margin Stock or for any purpose that entails a violation of any of the regulations of the Federal Reserve Board.

Section 3.26 <u>Permitted Indebtedness; Investments</u>.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) No Loan Party has created, incurred, assumed or suffered to exist any Indebtedness other than Permitted Indebtedness.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) As of the Closing Date, all Indebtedness of the Loan Parties incurred pursuant to clause (m) of the definition of Permitted Indebtedness is listed on <u>Schedule 3.26(b)</u>.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) None of the Loan Parties has made any advance, loan or extension of credit to, or made any acquisition or Investment (whether by way of transfers of property, contributions to capital, acquisitions of stock, securities, evidences of Indebtedness or otherwise) in, or purchase of any stock, bonds, notes, debentures or other securities of, any other Person, other than (i) as permitted under <u>Section 6.06</u> and (ii) extensions of credit expressly contemplated by the Project Documents.

Section 3.27 <u>Agreements with Affiliates</u>. As of the Closing Date, <u>Schedule 3.27</u> sets forth any and all agreements, transactions or series of related transactions among, on one hand, one or more Loan Parties, and on the other hand, one or more Affiliates of a Loan Party (other than the Loan Parties).

Section 3.28 <u>No Bank Accounts</u>. No Loan Party maintains, or has caused any other Person to maintain, any accounts other than the accounts permitted under the Loan Documents.

Section 3.29 <u>Eligible Inventory; Eligible In-Transit Feedstock</u>. As to each item of Inventory that is identified by the Borrower as Eligible Inventory or Eligible In-Transit Feedstock in a Borrowing Base Certificate submitted to the Administrative Agent, (i) such Eligible Inventory (a) is of good and merchantable quality, free from known defects that render it not useful in the ordinary course of the refining or blending processes and (b) is not excluded as ineligible by virtue of one or more of the excluding criteria (other than any Administrative Agent-discretionary criteria) set forth in the definition of Eligible Inventory and (ii) as to Eligible In-Transit Feedstock, (i) to the best knowledge of Borrower, the Borrower knows of no reason why such Feedstock would not be accepted by the Borrower when it arrives, and (ii) the shipment of such Feedstock as evidenced by the documents conforms to the related order documents for such Feedstock in all material respects.

Section 3.30 <u>Material Contracts</u>. As of the Closing Date, each Material Contract of each Loan Party and each Subsidiary thereof is set forth on <u>Schedule 1.01(D)</u>. Each Material Contract (i) is in full force and effect and is binding upon and enforceable against each Loan Party that is a party thereto and, to the knowledge of such Loan Party, all other parties thereto in accordance with its terms, except to the extent that the failure of such Material Contract to be in full force and effect or binding upon and enforceable against the parties thereto could not reasonably be expected to result in a Material Adverse Effect, and except as may be limited by applicable bankruptcy, insolvency, reorganization, moratorium or other similar laws or by equitable principles, (ii) has not been otherwise amended or modified, except for amendments or modifications which could not reasonably be expected to result in a Material Adverse Effect, and (iii) is not in default due to the action of any Loan Party or, to the knowledge of any Loan Party, any other party thereto, except to the extent that any such default could not reasonably be expected to result in a Material Adverse Effect. No termination event has occurred under any Material Contract, there are no unsatisfied conditions precedent to a Material Contract Counterparty's obligations or to full performance of a Material Contract Counterparty under any Material Contract, and no Loan Party has received any default, expiration, breach or termination notice pursuant to any Material Contract. The copies of each of the Material Contracts, and any amendments thereto provided or to be provided by any Loan Party to the Administrative Agent are, or when delivered will be, correct and complete copies of such agreements and documents.

Section 3.31 <u>Commercial Activity; Absence of Immunity</u>. The Loan Parties are subject to civil and commercial law with respect to their obligations under the Transaction Documents, and the making and performance of the Transaction Documents by the Loan Parties constitute private and commercial acts rather than public or governmental acts. The Loan Parties are not entitled to any immunity on the ground of sovereignty or the like from the jurisdiction of any court or from any action, suit, setoff or proceeding, or the service of process in connection therewith, arising under the Loan Documents.

Section 3.32 <u>Sufficiency of Project Documents</u>.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) Borrower's interests in the Site:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i) comprise all of the real property interests necessary for the ownership, operation and maintenance of the Refinery in accordance in all material respects with all Applicable Law and the Project Documents;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(ii) are sufficient to enable the entire Refinery to be located, operated and maintained on the Site;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(iii) provide adequate ingress and egress to and from the Site for any reasonable purpose in connection with the ownership, operation and maintenance of the Refinery for the purposes and on the terms set forth in the applicable Material Contracts.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) Except to the extent that any failure to have any of the following could not reasonably be expected to have a Material Adverse Effect, there are no services, materials or rights required for the ownership and operation and maintenance of the Refinery in accordance with the Material Contracts, other than those to be provided under the Project Documents.

Article IV

<u>CONDITIONS</u>

Section 4.01 <u>Conditions to Closing Date</u>. The obligation of each Lender to make Credit Extensions hereunder is subject to the satisfaction (or waiver in accordance with <u>Section 10.02</u>) of the following conditions (and, in the case of each document specified in this Section to be received by the Administrative Agent, such document shall be in form and substance satisfactory to the Administrative Agent and each Lender):

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) <u>Loan Documents</u>. The Administrative Agent shall have received from each party hereto a counterpart of this Agreement signed on behalf of such party (or written evidence satisfactory to the Administrative Agent (which may include electronic transmission of a signed signature page to this Agreement) that such party has signed a counterpart of this Agreement) and shall have received each of the Loan Documents, the SOA and the SSA, in form and substance satisfactory to the Administrative Agent, duly executed and delivered, and each such document shall be in full force and effect.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) <u>Certificates</u>. The Administrative Agent shall have received a certificate from a Responsible Officer of each Loan Party dated the Closing Date (i) attesting to the resolutions of such Loan Party's members, managers or other governing body authorizing its execution, delivery, and performance of the Loan Documents to which it is a party, (ii) authorizing specific officers or other authorized persons of such Loan Party to execute the same, (iii) attesting to the incumbency and signatures of such specific officers or other authorized persons of such Loan Party; and (iv) confirming satisfaction of the conditions set forth in this Section and compliance with the conditions set forth in clauses (b) and (c) of Section 4.02.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) <u>Corporate Documents</u>. The Administrative Agent shall have received (i) copies of each Loan Party's Organizational Documents, as amended, modified, or supplemented to the Closing Date, which Organizational Documents shall be (1) certified by a Responsible Officer of such Loan Party, and (2) with respect to Organizational Documents that are charter documents, certified as of a recent date (not more than 10 days prior to the Closing Date) by the appropriate governmental official; and (ii) certificates of status or good standing with respect to each Loan Party, each dated within 10 days of the Closing Date, such certificates to be issued by the appropriate officer of the jurisdiction of organization of such Loan Party, and in the case of Borrower, the State of California.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(d) <u>Opinion of Counsel to Borrower</u>. The Administrative Agent shall have received an opinion of Kirkland & Ellis LLP, counsel to the Borrower, addressed to the Administrative Agent and the Lenders and dated the Closing Date, in form and substance satisfactory to the Administrative Agent (and the Borrower hereby instructs such counsel to deliver such opinion to such Persons).

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(e) <u>Fees and Expenses</u>. The Borrower shall have paid all fees, costs and expenses (including legal fees and expenses) agreed in writing to be paid by it to the Agents and the Lenders in connection herewith, in each case, to the extent due (and, in the case of expenses (including legal fees and expenses), to the extent that statements for such expenses shall have been delivered to the Borrower on or prior to the Closing Date).

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(f) <u>Licenses and Consents</u>. The Loan Parties shall have obtained all consents, licenses and approvals required in connection with the execution, delivery and performance by each Loan Party of the Loan Documents, which consents, licenses and approvals are set forth on <u>Schedule 4.01(f)</u>, and each shall be in full force and effect as of the Closing Date.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(g) <u>KYC Information</u>. (i) Upon the reasonable request of any Lender made prior to the Closing Date, each Loan Party shall have provided to such Lender the documentation and other information so requested in connection with applicable "know your customer" and anti-money-laundering rules and regulations, including the PATRIOT Act, in each case at least five days prior to the Closing Date and (ii) a Beneficial Ownership Certification in relation to the Borrower and each Subsidiary and other Loan Party that qualifies as a "legal entity customer" under the Beneficial Ownership Regulation.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(h) <u>SOA Effective Date</u>. The "Effective Date" (under and as defined in the SOA) shall have occurred.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i) <u>Insurance Deliverables</u>.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i) The Borrower shall have obtained the insurance required to be in effect under <u>Section 5.08</u> and such insurance shall be in full force and effect, and Borrower shall have furnished the Administrative Agent with certificates signed by the insurer or an agent authorized to bind the insurer, together with loss payee and mortgagee endorsements in favor of the Collateral Agent, evidencing such insurance, identifying underwriters, the type of insurance, the insurance limits and the policy terms, and stating that such insurance (x) is, in each case, in full force and effect and (y) complies with <u>Section 5.08</u> (except with respect to any excess deductible amounts identified therein) and that all premiums then due and payable on such insurance have been paid; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(ii) The Administrative Agent shall have received reasonably satisfactory evidence that the Borrower has in place insurance required to be in effect under <u>Section 5.08</u>.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(j) <u>Pro Forma Title Policy Commitment</u>. The Administrative Agent shall have received a title commitment satisfactory to the Administrative Agent, whereby the Title Company commits to issue the Title Policy upon payment of premium, fees or other applicable amounts described in such title commitment.

Section 4.02 <u>Conditions to All Credit Extensions</u>. The obligation of each Lender to make a Credit Extension (including its initial Credit Extension) is additionally subject to the satisfaction of the following conditions:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) the Administrative Agent shall have received a written Borrowing Request in accordance with the requirements hereof;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) the representations and warranties of each of the Loan Parties set forth in this Agreement and in any other Loan Document shall be true and correct in all material respects (or, in the case of any such representation or warranty already qualified by materiality or Material Adverse Effect, in all respects) on and as of the date of such Credit Extension (or, in the case of any such representation or warranty expressly stated to have been made as of a specific date, as of such specific date);

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) no Default or Event of Default shall have occurred and be continuing or would result from such Credit Extension or from the application of proceeds thereof;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(d) the Borrower has arranged for payment on such Funding Date of all reasonable and documented out-of-pocket fees and expenses then due and payable pursuant to the Loan Documents to the extent invoiced prior to the date the Borrowing Request is delivered in connection with such Funding Date; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(e) the aggregate principal amount of all Revolving Loans outstanding on such date, after giving effect to the applicable borrowing, shall not exceed the limitations on Revolving Loans set forth in <u>Section 2.01(a)</u> on such date.

Each Borrowing Request by the Borrower hereunder and each Credit Extension shall be deemed to constitute a representation and warranty by the Borrower on and as of the date of the applicable Credit Extension as to the matters specified in <u>clauses (b)</u> and <u>(c)</u> above in this Section.

Article V

<u>AFFIRMATIVE COVENANTS</u>

Until the Commitments have expired or been terminated, all Obligations shall have been paid in full (other than contingent or indemnification obligations for which no claim has been made), each Loan Party covenants and agrees with the Administrative Agent and the Lenders that:

Section 5.01 <u>Financial Statements; Reports</u>. The Borrower (i) will deliver to the Administrative Agent, with copies to each Lender, each of the financial statements, reports, and other items set forth on <u>Schedule 5.01</u> no later than the times specified therein and (ii) agrees to maintain a system of accounting that enables the Borrower to produce financial statements in accordance with GAAP.

Section 5.02 <u>Certificates; Other Information</u>. The Borrower will deliver to the Administrative Agent and each Lender:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) concurrently with the delivery of all financial statements referred to in <u>Section 5.01(a)</u>, a duly completed certificate signed by a Responsible Officer of the Borrower certifying as to whether a Default or Event of Default has occurred and, if a Default or Event of Default has occurred, specifying the details thereof and any action taken or proposed to be taken with respect thereto;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) promptly after the same are publicly available, copies of all annual, regular, periodic and special reports, registration statements and Parent filings so long as the Borrower is a Subsidiary, that the Borrower or any Subsidiary may file or be required to file with the SEC or any Governmental Authority succeeding to any or all of the functions of the SEC, or with any national securities exchange, and not otherwise required to be delivered pursuant hereto;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) [reserved];

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(d) promptly after receipt thereof by any Loan Party, 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 thereof;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(e) promptly following request therefor, 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; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(f) promptly following any request therefor, (i) such other information regarding the operations, business, properties, liabilities (actual or contingent), condition (financial or otherwise) or prospects of any Loan Party, or compliance with the terms of the Loan Documents, as the Administrative Agent or any Lender may from time to time reasonably request; or (ii) information and documentation reasonably requested by the Administrative Agent or any Lender for purposes of compliance with the applicable "know your customer" requirements under the PATRIOT Act or other applicable anti-money laundering laws.

Documents required to be delivered pursuant to <u>Section 5.01</u> or <u>Section 5.02</u> may be delivered electronically and, if so delivered, shall be deemed to have been delivered on the date (i) on which such materials are publicly available as posted on the Electronic Data Gathering, Analysis and Retrieval system (EDGAR); or (ii) 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 or whether sponsored by the Administrative Agent); <u>provided</u> that the Borrower shall notify the Administrative Agent and each Lender (by telecopier or electronic mail) of the posting of any such documents and provide to the Administrative Agent by electronic mail electronic versions (i.e., soft copies) of such documents. Each Lender shall be solely responsible for timely accessing posted documents.

Section 5.03 <u>Notices</u>. The Borrower will promptly notify the Administrative Agent and each Lender of:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) the occurrence of any Default or Event of Default;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) any force majeure claim, change order request, indemnity claim, dispute, breach or default under any of the Material Contract, to the extent in any such case, such event could reasonably be expected to have a cost or impact to one or more Loan Parties equal to or in excess of $2,000,000;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) details of any change of Applicable Law that would reasonably be expected to have a Material Adverse Effect (including material changes to the California Low Carbon Fuel Standard or the Federal Renewable Fuel Standard);

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(d) any material notice or communication given to or received (i) from creditors of any Loan Party generally or (ii) in connection with any Material Contract;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(e) notice received by it with respect to the cancellation of, adverse change in, or default under, any insurance policy required to be maintained in accordance with <u>Section 5.08</u>;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(f) any material written amendment of any Material Contract, and correct and complete copies of any Material Contract executed after the Closing Date, in either case, within seven (7) days after execution thereof;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(g) the sale, lease, transfer or other Disposition of, in one transaction or a series of transactions, all or any part of its property in excess of $500,000 per individual Disposition or $1,000,000 in the aggregate per annum in the aggregate per annum for all such Dispositions;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(h) any Event of Loss with respect to all or any part of its property in excess of $500,000 per individual Event of Loss or $1,000,000 in the aggregate per annum in the aggregate per annum for all such Events of Loss;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i) the occurrence of a bankruptcy of any Loan Party or Material Contract Counterparty;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(j) the filing or commencement of any action, suit, investigation or proceeding by or before any arbitrator or Governmental Authority against or affecting any Loan Party that could reasonably be expected to be adversely determined, and, if so determined, could reasonably be expected to have a Material Adverse Effect;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(k) the occurrence of any ERISA Event that, either individually or together with any other ERISA Events, could reasonably be expected to have a Material Adverse Effect;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(l) notice of any Environmental Action or of any noncompliance by any Loan Party or any of its Subsidiaries with any Environmental Law or any Environmental Permit that, if adversely determined, could reasonably be expected to have a Material Adverse Effect;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(m) any material change in accounting or financial reporting practices by the Borrower or any Subsidiary;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(n) the occurrence of an Insolvency Proceeding or any other proceeding under any Debtor Relief Law of any Loan Party;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(o) notice of any Condemnation by a Governmental Authority with respect to a material portion of the Refinery or the Site;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(p) any matter or development that has had or could reasonably be expected to have a Material Adverse Effect; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(q) any change in the information provided in any Beneficial Ownership Certification that would result in a change to the list of beneficial owners identified in parts (c) or (d) of such certification;

Each notice delivered under this Section shall be accompanied by a statement of a Responsible Officer of the Borrower setting forth the details of the occurrence requiring such notice and stating what action the Borrower has taken and proposes to take with respect thereto.

Section 5.04 <u>Scheduled Calls and Meetings</u>. Borrower shall arrange to have either (x) a telephonic conference call or (y) if requested by the Administrative Agent, an in-person meeting at the Site, in each case, with the Administrative Agent and Lenders no earlier than fifteen (15) Business Days after the end of each calendar month, which shall be coordinated with the Administrative Agent during normal business hours upon reasonable prior notice to the Lenders, to discuss the matters contained in the various financial statements and reports delivered pursuant to <u>Section 5.01</u>, including the status of the Loan Parties and the affairs, finances and accounts of the Loan Parties; provided that, the Administrative Agent shall not request more than 12 in-person meetings at the Site in any calendar year pursuant to this <u>Section 5.04</u>.

Section 5.05 <u>Preservation of Existence, Etc.</u> Each Loan Party will, and will cause its Subsidiaries to, (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, with respect to each such Person (other than the Borrower) in a transaction permitted by <u>Section 6.03</u> or <u>6.04</u>; (b) take all reasonable action to maintain all rights, licenses, permits, privileges 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 5.06 <u>Governmental Authorizations</u>. Expect as could not be reasonably be expected to result in Material Adverse Effect, each Loan Party shall: (a) obtain and maintain in full force and effect (or where appropriate, promptly renew in a timely manner), or cause to be obtained and maintained in full force and effect all Authorizations set forth on <u>Schedule 3.03</u> (including all Authorizations required by Environmental Law and all Environmental Permits) required under any Applicable Law for the Refinery and such Loan Party's business and operations generally, in each case, at or before the time the relevant Authorization becomes necessary for such purposes, (b) obtain and maintain in full force and effect (or where appropriate, promptly renew in a timely manner), or cause to be obtained and maintained in full force and effect all Authorizations set forth required under any Applicable Law for each Loan Party's business and operations generally, in each case, at or before the time the relevant Authorization becomes necessary for such purposes and (c) preserve and maintain all other Authorizations required for the Refinery.

Section 5.07 <u>Maintenance of Properties</u>. Each Loan Party will, and will cause its Subsidiaries to:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) maintain, preserve and protect all of its properties, including the Refinery, and equipment necessary in the operation of its business in good working order and condition (ordinary wear and tear and force majeure events excepted), and in accordance in all material respects with the requirements of the Material Contract to which it is a party and in compliance, in all material respects, with Applicable Laws and Authorizations by Governmental Authorities and the terms of its insurance policies; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) make all necessary repairs thereto and renewals and replacements thereof, except to the extent that the failure to do so could not reasonably be expected to have a Material Adverse Effect.

Section 5.08 <u>Maintenance of Insurance</u>.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) Each Loan Party will, and will cause its Subsidiaries to, maintain with financially sound and reputable insurance companies reasonably satisfactory to the Administrative Agent, 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 specified on <u>Schedule 5.08</u>; provided, that, notwithstanding the foregoing, the Loan Parties' insurance policies in effect on the Closing Date and as confirmed to the Administrative Agent in writing by the Loan Parties' insurance broker delivered pursuant to Section 4.01(i), shall be deemed to be in compliance with the requirements contained in Schedule 5.08 notwithstanding the fact that such insurance policies may contain higher deductible amounts than permitted pursuant to Schedule 5.08..

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) Loss Proceeds of the insurance policies provided or obtained by or on behalf of the Loan Parties in respect of Collateral shall be required to be paid by the respective insurers directly to the Administrative Agent's Account for prepayment of the Obligations pursuant to <u>Section 2.03(e)</u> or, if all required prepayments have been made, to the Designated Account. If any Loss Proceeds that are required under the preceding sentence to be paid to the Administrative Agent's Account or Designated Account, as applicable, are received by the Loan Parties or any other Person, such Loss Proceeds shall be received in trust for the Collateral Agent, shall be segregated from other funds of the recipient, and shall be forthwith paid to the Administrative Agent's Account or Designated Account, as applicable, in the same form as received (with any necessary endorsement).

Section 5.09 <u>(Reserved)</u>.

Section 5.10 <u>Payment of Obligations</u>. Each Loan Party will, and will cause its Subsidiaries to, pay, discharge or otherwise satisfy as the same shall become due and payable, all of its obligations and liabilities, including Tax liabilities, except (a) Taxes that 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, or (b) to the extent that the failure to do so could not reasonably be expected to have a Material Adverse Effect.

Section 5.11 <u>Compliance with Laws and Obligations</u>. Each Loan Party will, and will cause its Subsidiaries to, comply with the requirements of all Laws and all orders, writs, injunctions and decrees applicable to it or to its business or property, including applicable Environmental Laws and occupational health and safety regulations, except to the extent that the failure to do so could not reasonably be expected to have a Material Adverse Effect. Each Loan Party shall comply with and perform its respective contractual obligations, and enforce against other parties their respective contractual obligations, under each Material Contract to which it is a party except to the extent any non-compliance or non-enforcement, individually or in the aggregate, could not reasonably be expected to result in a Material Adverse Effect.

Section 5.12 <u>Environmental Matters</u>. Except to the extent that the failure to do so could not reasonably be expected to have a Material Adverse Effect, each Loan Party will, and will cause its Subsidiaries to:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) keep any property either owned or operated by such Loan Party or its Subsidiaries free of Environmental Liens or post bonds or other financial assurances sufficient to satisfy the obligations or liability evidenced by such Environmental Liens, in each case;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) promptly notify the Administrative Agent of any Release of which the Borrower has knowledge of a Hazardous Material in any reportable quantity from or onto property owned or operated by any Loan Party or its Subsidiaries, or from or onto any other property, that could reasonably be expected to result in a Material Adverse Effect, and take any Remedial Actions to the extent required by Environmental Laws to abate said Release or otherwise to come into compliance, in all material respects, with applicable Environmental Law; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) promptly, but in any event within five Business Days of its receipt thereof, provide the Administrative Agent with written notice of any of the following, in each case, to the extent it could reasonably be expected to result in a Material Adverse Effect: (i) notice that an Environmental Lien has been filed against any of the real or personal property of a Loan Party or its Subsidiaries, (ii) commencement of any Environmental Action or written notice that an Environmental Action will be filed against a Loan Party or its Subsidiaries, (iii) written notice of a violation, citation, or other administrative order from a Governmental Authority that could reasonably be expected to result in a loss or liability to a Loan Party in an amount in excess of $500,000 or (iv) the revocation, suspension or material adverse modification of any Environmental Permit.

Section 5.13 <u>Books and Records</u>. Each Loan Party will, and will cause each Loan Party and its Subsidiaries to, maintain proper books of record and account, in which full, true and correct entries in conformity with GAAP consistently applied shall be made of all financial transactions and matters involving the assets and business of the Borrower or such Subsidiary, as the case may be, and maintain such books of record and account in material conformity with all applicable requirements of any Governmental Authority having regulatory jurisdiction over the Borrower or such Subsidiary, as the case may be.

Section 5.14 <u>Inspection Rights</u>. Each Loan Party will, and will cause each of its Subsidiaries to,

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) permit the Administrative Agent, any Lender (so long as such Lender accompanies the Administrative Agent), and each of their respective duly authorized representatives, independent contractors or agents to visit the Refinery (and any of its other properties) and inspect any of its assets or books and records, including, without limitation, the Refinery Feedstock Storage Tanks, Refinery Product Storage Tanks and associated infrastructure, to examine and make copies of its books and records, and to discuss its affairs, finances, and accounts with, and to be advised as to the same by, its officers and employees (<u>provided</u> an authorized representative of the Borrower shall be allowed to be present) at such reasonable times and intervals as the Administrative Agent may designate and, so long as no Default or Event of Default has occurred and is continuing, with at least three (3) Business Days' prior notice to the Borrower and during regular business hours (subject, in any event, to reasonable requirements of safety and confidentiality, including requirements imposed by Applicable Law or by contract, <u>provided</u> the Loan Parties will use reasonable efforts to obtain relief from any contractual confidentiality restrictions that prohibit the Administrative Agent or any Lender from obtaining information);

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) permit the Administrative Agent and its duly authorized independent inspectors to be present at any or all volume determinations conducted by the Borrower; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) permit the Administrative Agent and each of its duly authorized representatives or agents to conduct field examinations, appraisals and valuations at such reasonable times and intervals as the Administrative Agent may designate;

<u>provided</u>, that, as long as no Event of Default has occurred and is continuing, any such visits by officers and designated representatives of the Administrative Agent shall not occur more frequently than two times per year at the cost of the Borrower (or more frequently at the cost of the Administrative Agent or such Lender).

Section 5.15 <u>Use of Proceeds</u>. The Borrower will use the proceeds of the Loans for general corporate purposes of the Loan Parties not in contravention of any Law or of any Loan Document.

Section 5.16 <u>Security</u>. The Loan Parties shall preserve and maintain the security interests granted under the Security Documents and undertake all actions which are necessary or appropriate to: (a) subject to Permitted Liens, maintain the Collateral Agent's Lien in the Collateral in full force and effect at all times (including the priority thereof) and (b) subject to Permitted Liens, preserve and protect the Collateral and protect and enforce the Loan Parties' rights and title and the rights of the Collateral Agent and the other Secured Parties to the Collateral, including the making or delivery of all filings and recordations, the payment of all fees and other charges and the issuance of supplemental documentation.

Section 5.17 <u>Sanctions; Anti-Corruption Laws</u>. Each Loan Party will maintain in effect or be subject to policies and procedures designed to promote compliance by the Borrower, its Subsidiaries, and their respective directors, officers, employees, and agents with applicable Sanctions and with the FCPA and any other applicable Anti-Corruption Laws.

Section 5.18 <u>Additional Beneficial Ownership Certification</u>. At least five days prior to any Person becoming a Loan Party, if requested by any Lender, the Borrower shall cause any such Person that qualifies as a "legal entity customer" under the Beneficial Ownership Regulation and has not previously delivered a Beneficial Ownership Certification to deliver a Beneficial Ownership Certification to the Administrative Agent and the Lenders.

Section 5.19 <u>(Reserved)</u>.

Section 5.20 <u>Further Assurances; Additional Guarantors</u>. Each Loan Party will, and will cause its Subsidiaries to, at any time upon the reasonable request of the Administrative Agent, execute or deliver to the Administrative Agent any and all financing statements, fixture filings, security agreements, pledges, assignments, mortgages, deeds of trust, opinions of counsel, and all other documents (the "<u>Additional Documents</u>") that the Administrative Agent may reasonably request in form and substance reasonably satisfactory to the Administrative Agent, to create, perfect, and continue perfected or to better perfect the Collateral Agent's Liens (whether now owned or hereafter arising or acquired, tangible or intangible, real or personal), and in order to fully consummate all of the transactions contemplated hereby and under the other Loan Documents. Without limiting the foregoing, the Borrower and Pledgor agree that within 45 days (as such time period may be extended by the Administrative Agent in its reasonable discretion) of (x) the formation or acquisition of any new Subsidiary of Pledgor (other than any Excluded Subsidiary) or (y) the date any Subsidiary ceases to be an Excluded Subsidiary, in each case, such Subsidiary shall become a party to this Agreement as a "Guarantor" and the Security Agreement as a "Grantor", in each case by delivering joinder documentation in form and substance satisfactory to the Administrative Agent and, within 45 days (as such time period may be extended by the Administrative Agent in its reasonable discretion) thereafter, such Subsidiary shall execute and/or deliver all such Additional Documents as are requested by the Administrative Agent, as described in the preceding sentence.

Section 5.22 <u>Material Contract</u>. Each Loan Party shall (i) duly and punctually perform and observe all of its covenants and obligations contained in each Material Contract to which it is a party, except to the extent any non-performance or non-observance, individually or in the aggregate, could not reasonably be expected to result in a Material Adverse Effect, (ii) take all commercially reasonable action to prevent the termination or cancellation of any Material Contract in accordance with the terms of such Material Contract or otherwise (except for the expiration of any Material Contract in accordance with its terms in the ordinary course and not as a result of a breach or default thereunder), except to the extent any such termination or cancellation, individually or in the aggregate, could not reasonably be expected to result in a Material Adverse Effect and (iii) enforce against the relevant Material Contract Counterparty each covenant or obligation of such Material Contract, as applicable, in accordance with its terms, except to the extent any non-enforcement, individually or in the aggregate, could not reasonably be expected to result in a Material Adverse Effect.

Section 5.23 <u>Accounts</u>. The Borrower shall at all times from and after the Closing Date maintain its Collateral Accounts. The Loan Parties shall not maintain any deposit accounts, securities accounts, commodities accounts or other bank accounts other than the Collateral Accounts and the Excluded Accounts.

Section 5.24 <u>Account Report</u>. Borrower shall provide to the Administrative Agent, within ten (10) Business Days of the end of each fiscal quarter, in electronic format, a summary of the account balances of each Collateral Account, Excluded Account, and any other deposit account, securities account or commodities account held by any Loan Party as at the end of such fiscal quarter.

Section 5.25 <u>Intellectual Property</u>. The Loan Parties shall own, or be licensed to use, all trademarks, tradenames, copyrights, patents and other intellectual property necessary for the Refinery and their businesses (as applicable), in each case, as to which the failure of such Loan Party to so own or be licensed could reasonably be expected to have a Material Adverse Effect, and the use thereof by such Loan Party does not infringe upon the rights of any other Person, except for any such infringements that, individually or in the aggregate, could not reasonably be expected to result in a Material Adverse Effect.

Section 5.26 <u>Budget and Financial Model</u>.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) <u>Submission of Operating Budget and Financial Model</u>. Borrower shall, as soon as available pursuant to the GCEH LLC Agreement, submit to the Administrative Agent (i) a draft of its proposed Operating Budget for the succeeding calendar year and (ii) a draft of its updated Financial Model on a quarterly basis over a period ending no sooner than the Maturity Date. Any such Operating Budget and updated Financial Model submitted by Borrower shall not be effective until approved pursuant to the GCEH LLC Agreement.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) <u>Operating Budget</u>. Operating Expenses and Capital Expenditures shall be made in accordance with the then effective Operating Budget, subject to the adjustments and exceptions pursuant to the GCEH LLC Agreement.

Section 5.27 <u>RCF Collateral Administration</u>.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) <u>Borrowing Base Certificates</u>. The Borrower shall deliver each Borrowing Base Certificate to the Administrative Agent as required by Section 2.12. All information (including the calculation of Availability) in a Borrowing Base Certificate shall be certified by the Borrower. The Administrative Agent may, from time to time, adjust any such Borrowing Base Certificate to the extent any information or calculation does not comply with this Agreement.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) <u>Accounts</u>.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i) *Records*. The Borrower shall keep accurate and complete records of its Accounts in all material respects, including all payments and collections thereon, and shall submit to the Administrative Agent sales, collection, reconciliation and other reports in form reasonably satisfactory to the Administrative Agent, on such periodic basis as the Administrative Agent may reasonably request in its Permitted Discretion from time to time.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(ii) *Taxes*. If an Account of the Borrower includes a charge for any Taxes, the Administrative Agent is authorized, during the continuance of an Event of Default, in its discretion, to pay the amount thereof to the proper taxing authority for the account of the Borrower and to charge the Borrower therefor; provided, however, that none of the Agents or Lenders shall be liable for any Taxes that may be due from the Borrower or any of its Subsidiaries or with respect to any Collateral.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(iii) *Account Verification*. The Administrative Agent shall have the right at any time, in the name of the Administrative Agent, any designee of the Administrative Agent or any Loan Party, to verify the validity, amount or any other matter relating to any Accounts of the Borrower by mail, telephone or otherwise, with the cooperation of the Borrower (provided, that unless an Event of Default has occurred and is continuing, the Administrative Agent shall not contact any third party obligor with respect to such Accounts without the consent (not to be unreasonably withheld, delayed or conditioned) of the Borrower). The Loan Parties shall cooperate fully with the Administrative Agent in an effort to facilitate and promptly conclude any such verification process.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(iv) *Collateral Accounts*.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(A) The Borrower shall, and shall cause each of its Subsidiaries to deposit into a Collateral Account, as and when received, all revenues received by or on behalf of the Loan Parties, including from any business interruption insurance and any other receipts otherwise arising or derived from or paid or payable to the Loan Parties under the Project Documents or in respect of the Refinery. The Designated Account and each other Collateral Account shall at all times after the applicable Deposit Account Deadline, in each case, be subject to a Control Agreement.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(B) The Borrower shall request in writing and otherwise take all commercially reasonable steps necessary to ensure that all payments on Accounts are made directly to the Collateral Accounts.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(C) Within 30 days of the Closing Date, the Borrower shall request and otherwise take commercially reasonable steps to ensure that all Account Debtors forward payment directly to a Collateral Account.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) <u>Deposit Accounts; Securities Accounts</u>. From and after the applicable Deposit Account Deadline, the Borrower and each of the other Loan Parties shall, take all actions necessary to establish Agent's control of the Collateral Accounts.

Section 5.28 <u>Operation and Maintenance of Refinery</u>. The Borrower shall keep, operate and maintain the Refinery, or cause the same to be kept, maintained and operated (ordinary wear and tear and force majeure events excepted), in a manner consistent in all material respects with this Agreement and Prudent Industry Practices, and make or cause to be made all repairs (structural and non-structural, extraordinary or ordinary) necessary to keep the Refinery in such condition.

Section 5.29 <u>Post-Closing Covenant</u>. No later than (a) ninety (90) days after the Closing Date (or such later date as the Administrative Agent agrees in writing, including email), Borrower shall deliver to Collateral Agent (i) a Title Policy, in form and substance reasonably satisfactory to the Collateral Agent, confirming that no Liens are disclosed by public records as encumbering the real property of the Borrower except for any exceptions to title as are reasonably acceptable to the Collateral Agent (it being understood that no exception to title coverage for mechanic's, materialman's or similar Liens, whether filed or unfiled, shall be reasonably acceptable to the Collateral Agent) and (ii) an ALTA as-built survey (or other survey approved by Collateral Agent (such approval not to be unreasonably withheld, conditioned, or delayed) of the Site, in form and substance reasonably satisfactory to the Collateral Agent, such survey certified to the Administrative Agent, Collateral Agent, Borrower and Title Company by a surveyor licensed in the state where the Refinery is located and reasonably satisfactory to the Lenders in a manner sufficient to delete any survey exception with respect to the Site from the Title Policy, (b) ten (10) Business Days after the Closing Date (or such later date as the Administrative Agent agrees in writing, including email), (i) the Loan Parties shall deliver to Administrative Agent evidence reasonably satisfactory to the Administrative Agent that BKRF OCB, LLC has been dissolved, and all of its assets (including any deposit accounts and any funds on deposit therein) have been distributed or otherwise transferred to the Loan Parties and (ii) the Loan Parties shall use commercially reasonable efforts to deliver to the Administrative Agent a letter from the Loan Parties' insurance broker stating that (x) the Borrower's insurance required to be in effect under Section 5.08 is in full force and effect, (y) such insurance complies with Section 5.08 and (z) all premiums then due and payable on such insurance have been paid, and (c) five (5) Business Days after the Closing Date (or such later date as the Administrative Agent agrees in writing, including email), the Borrower shall deliver a recordable release of the Brand Lien (it being understood that the obligations in respect of such Brand Lien have been paid in full and therefore the Brand Lien has been terminated on or prior to the Closing Date).

Article VI<u><br>NEGATIVE COVENANTS</u>

Until the Commitments have expired or been terminated and all Obligations have been paid in full, each Loan Party covenants and agrees with the Administrative Agent and the Lenders that:

Section 6.01 <u>Indebtedness</u>. No Loan Party will, nor will it permit any of its Subsidiaries to, create, incur, assume or suffer to exist any Indebtedness, except for Permitted Indebtedness.

Section 6.02 <u>Liens</u>. No Loan Party will, nor will it permit any of its Subsidiaries to, create, incur, assume or suffer to exist any Lien upon any of its property, assets or revenues, whether now owned or hereafter acquired, other than Permitted Liens.

Section 6.03 <u>Fundamental Changes</u>. No Loan Party will, nor will it permit its any of its Subsidiaries to, (i) 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 or (ii) make or agree to make any amendment to its Organizational Documents to the extent that such amendment could reasonably be expected to be materially adverse to the interests of any Agent or Lender, except that, so long as no Default exists or would result therefrom:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) any Loan Party may merge with a Loan Party, <u>provided</u>, that (i) the Borrower must be the surviving entity of any such merger to which it is a party, (ii) no merger may occur between a Loan Party and a Subsidiary of such Loan Party that is not a Loan Party unless such Loan Party is the surviving entity of any such merger, and (iii) no merger may occur between Subsidiaries of any Loan Party that are not Loan Parties;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) the Loan Parties and their Subsidiaries may make Dispositions permitted by Section 6.04;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) any Investment permitted by Section 6.06 may be structured as a merger, consolidation or amalgamation; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(d) the Borrower may cause (i) the liquidation or dissolution of non-operating Subsidiaries of the Borrower with nominal assets and nominal liabilities, (ii) the liquidation or dissolution of a Loan Party (other than Borrower) or any of its Wholly-Owned Subsidiaries so long as all of the assets (including any interest in any Equity Interests) of such liquidating or dissolving Loan Party or Subsidiary are transferred to a Loan Party that is not liquidating or dissolving, or (iii) the liquidation or dissolution of a Subsidiary of the Borrower that is not a Loan Party so long as all of the assets of such liquidating or dissolving Subsidiary are transferred to a Subsidiary of the Borrower that is not liquidating or dissolving.

Section 6.04 <u>Dispositions</u>. No Loan Party will, nor will it permit any of its Subsidiaries to, make any Disposition or enter into any agreement to make any Disposition, except for Permitted Dispositions.

Section 6.05 <u>Restricted Payments</u>. No Loan Party will, nor will it permit any of its Subsidiaries to, declare or make, or agree to pay 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 or Event of Default shall have occurred and be continuing at the time of any action described below or would result therefrom:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) each Subsidiary of a Loan Party may declare or make Restricted Payments to a Loan Party and any other Person that is not an Affiliate and owns an Equity Interest in such Subsidiary, ratably according to their respective holdings of such Equity Interests in respect of which such Restricted Payment is being made;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) each Loan Party and its Subsidiaries may make Restricted Payments in the form of Investments made in accordance with Section 6.06 and payments under contractual arrangements made in accordance with Section 6.08;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) the Pledgor may declare and make dividend payments or other distributions payable solely in common Equity Interests of the Pledgor and purchase, redeem or otherwise acquire Equity Interests issued by it with the proceeds received from the substantially concurrent issue of new common Equity Interests;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(d) the Loan Parties may make Restricted Payments to Parent for Permitted Tax Distributions;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(e) the Pledgor may make a Restricted Payment to Parent on the Closing Date solely to pay bankruptcy administrative and bankruptcy exit expenses attributable to the Loan Parties and their business, in accordance with the Plan of Reorganization;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(f) the Loan Parties may make Restricted Payments directly or indirectly to Parent solely to pay (i) general and administrative expenses attributable to the Loan Parties and their business, and (ii) cash interest expenses attributable to debt incurred by the Parent pursuant to the Holdco Term Financing Documents (as defined in that certain Common Terms and Term Intercreditor Agreement, dated as of the date hereof, by and among the Parent, Orion Energy Partners TP Agent, LLC, as administrative agent and collateral agent and the Holdco Term Financing parties party thereto from time to time), and (iii) the O&F and O&M Interest, any such Restricted Payment made under this <u>Section 6.05(f)</u>, when taken together with each other Restricted Payment made under this <u>Section 6.05(f)</u> in the then-current calendar year, not to exceed the sum of (x) $6,500,000 and (y) the then-current Additional Amount;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(g) the Pledgor may make Restricted Payments to Parent provided that at the time of making such Restricted Payment (i) there are no outstanding Loans under this Agreement in excess of 50% of the Maximum Revolver Amount, (ii) the value of the Borrowing Base is equal to or greater than two (2) times the aggregate amount of such outstanding Loans and (iii) the Commitments under this Agreement are reduced in accordance with Section 2.03(c) concurrently (or substantially concurrently) with the making of such Restricted Payment, by an amount equal to or greater than the aggregate amount of the Restricted Payment to be made by the Pledgor the Parent at such time;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(h) the Loan Parties may make Restricted Payments in respect of their obligation to fund GUC Cash to the GUC Trust (each as defined in the Plan of Reorganization) pursuant to Section IV.G.1 of the Plan of Reorganization; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i) the Loan Parties may make Restricted Payments to CTCI consisting of payments of "Direct Costs" (used herein as defined in the CTCI O&M Agreement, as in effect on the date hereof and as amended with the Administrative Agent's prior written consent), so long as, both before and after giving pro forma effect to such Restricted Payment, (i) Availability shall be no less than $10,000,000, (ii) there shall be Direct Costs outstanding under the CTCI O&M Agreement of no less than $24,500,000 and (iii) the Borrower shall have provided written notice to the Administrative Agent, at least five (5) Business Days prior to the date of such Restricted Payment, certifying as to compliance with the conditions in this <u>Section 6.05(i)</u> in form and substance reasonably satisfactory to the Administrative Agent; *provided*, that following CTCI's delivery to Borrower of a notice of termination with respect to the CTCI O&M Agreement (which the Borrower shall promptly notify the Administrative Agent of in accordance with <u>Section 5.03(d)</u>), any Restricted Payment under this <u>Section 6.05(i)</u> shall require the Administrative Agent's prior written consent.

Section 6.06 <u>Investments; Subsidiaries</u>.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) No Loan Party shall, or shall permit its Subsidiaries to, make any Investments, or own, or otherwise Control any Equity Interests in any other Person, except for Permitted Investments.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) No Loan Party shall, or shall permit its Subsidiaries to, have any Subsidiary other than Subsidiaries of Pledgor in existence on the date hereof that are party to this Agreement, Subsidiaries that have complied with the requirements of <u>Section 5.20</u> and Excluded Subsidiaries.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) No Loan Party shall cause or permit BKRF OCB, LLC to, engage in any trade or business, conduct any operations, or undertake any activity whatsoever except (i) those ministerial acts that are strictly necessary to implement, effectuate and consummate BKRC OCB, LLC's voluntary dissolution, winding-up and liquidation and (ii) the prompt distribution, conveyance, dividend or other transfer of all of BKRF OCB, LLC's assets, properties, rights and interests to the Loan Parties.

Section 6.07 <u>Principal Place of Business; Business Activities</u>.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) Each Loan Party shall not change its principal place of business from the State of California and shall not maintain any place of business outside of the State of California respectively unless it has given at least thirty (30) days' prior notice thereof to the Administrative Agent and the Collateral Agent, and each Loan Party has taken all steps then required pursuant to the Security Documents to ensure the maintenance and perfection of the security interests created or purported to be created thereby. Each Loan Party shall maintain at its principal place of business originals or copies of its principal books and records.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) The Borrower shall not conduct any activities other than those related to the Refinery, the Material Contracts or the transactions contemplated hereby and by the other Loan Documents and any activities incidental to the foregoing.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) No Loan Party shall engage in any business or conduct any activities other than (i) those in the ordinary course of business in the Loan Parties' line(s) of business and consistent with past practice as of the Closing Date, or (ii) those that are substantially related to or reasonably incidental to such line(s) of business, so long as such additional activities do not represent a material deviation from the Loan Parties' overall business strategy as of the Closing Date.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(d) Holdings (i) shall not engage in any business or activity other than (A) the direct ownership and holding of one hundred percent (100%) of the Equity Interests of the Borrower (and, to the extent resulting from any lawful re-organization or merger of the Borrower permitted under this Agreement, the direct ownership and holding of Equity Interests in any successor to the Borrower) and (B) activities reasonably incidental, ancillary or necessary thereto, including, the execution and performance of this Agreement and the other Loan Documents to which it is a party, the making of Restricted Payments permitted pursuant to <u>Section 6.05</u>, the maintenance of its organizational existence, the holding of directors' and shareholders' meetings, the filing of Tax returns, the payment of franchise and similar Taxes and fees, and other activities required by Applicable Law for a Person of its type; (ii) shall not own or hold, directly or indirectly, any asset other than (A) the Equity Interests described in clause (i)(A) above, (B) cash and Cash Equivalents received on account of Restricted Payments received from the Borrower and held pending application, in each case, in a manner permitted hereby, and (C) books, records and incidental assets maintained in the ordinary course of holding such Equity Interests; (iii) shall not incur any Indebtedness or other liabilities or obligations, whether contingent or otherwise, other than liabilities arising under the Loan Documents to which it is a party, liabilities incurred in the ordinary course of maintaining its existence (including directors' fees, professional fees and expenses, and franchise, excise and similar Taxes) and obligations in respect of Taxes for which it may be liable; (iv) shall not create or suffer to exist any Lien on any of its Property or assets except Liens created pursuant to the Loan Documents and non-consensual Liens arising by operation of Applicable Law that are promptly discharged; (v) shall not engage in any merger, consolidation, liquidation, winding-up, dissolution, division or similar transaction; and (vi) shall not Dispose of any of its Property or assets, except for Restricted Payments made in accordance with <u>Section 6.05</u>.

Section 6.08 <u>Transactions with Affiliates</u>. No Loan Party will, nor will it permit any of its Subsidiaries to, directly or indirectly, enter into or permit to exist any transaction with any Affiliate of Parent, the Borrower or any of their respective Subsidiaries without the prior written consent of the Administrative Agent (such consent not to be unreasonably withheld, conditioned or delayed) (other than in each case any transaction among Loan Parties), <u>provided</u> that the foregoing restriction shall not apply to (a) Restricted Payments permitted by <u>Section 6.05</u>, (b) transactions set forth on <u>Schedule 3.27</u>, (c) Investments permitted by <u>Section 6.06</u>, (d) equity contributions from Parent made to one or more Loan Parties or (e) transactions in the ordinary course of such Loan Party's (and such Affiliate's) business and upon fair and reasonable terms no less favorable to such Loan Party than it would obtain in comparable arm's length transactions with a Person acting in good faith which is not an Affiliate.

Section 6.09 <u>Certain Restrictive Agreements</u>. No Loan Party will, nor will it permit any Loan Party and its Subsidiaries to, enter into any Contractual Obligation (other than this Agreement and any other Loan Document) that, directly or indirectly, (a) limits the ability of (x) any Subsidiary to make Restricted Payments to the Loan Parties or to otherwise transfer property to the Loan Parties, (y) any Subsidiary to guarantee the Obligations or (z) the Loan Parties to create, incur, assume or suffer to exist Liens on property of such Person to secure the Obligations; or (b) requires the grant of a Lien to secure an obligation of such Person if a Lien is granted to secure another obligation of such Person, except the following: (i) covenants and other provisions in documents creating Liens permitted by <u>Section 6.02</u> prohibiting further Liens on the properties encumbered thereby; (ii) customary restrictions and conditions imposed under agreements with respect to Indebtedness permitted under Section 6.01 with such encumbrances and restrictions that, taken as a whole, are not more restrictive than the terms of this Agreement or could not reasonably be expected to have an adverse effect on the ability of the Loan Parties to service the Obligations; (iii) customary restrictions on cash, Cash Equivalents, other cash equivalent Investments or other deposits (iv) net worth provisions in leases and other agreements entered into by the Borrower or its Subsidiary in the ordinary course of business; (v) restrictions imposed by any agreement relating to secured Indebtedness permitted pursuant to Section 6.01 and to the extent that such restrictions apply only to the property or assets securing such Indebtedness; and (vi) any prohibition or limitation that (x) exists pursuant to Applicable Law, (y) consists of customary restrictions and conditions contained in any agreement relating to the sale of any property permitted under Section 6.04, stock sale agreement, joint venture agreement, sale/leaseback agreement, purchase agreements, or acquisition agreements (including by way of merger, amalgamation, acquisition or consolidation) entered into by a Loan Party or any Subsidiary of the Borrower solely to the extent pending the consummation of such transaction, which covenant or restriction is limited to the assets or persons (or Equity Interests thereof) that are the subject of such agreements and (z) restricts subletting or assignment of leasehold interests contained in any lease governing a leasehold interest of the Borrower or its Subsidiaries.

Section 6.10 <u>Changes in Fiscal Periods</u>. No Loan Party will, nor will it permit any of its Subsidiaries to, modify or change its fiscal year or its method of accounting (other than as may be required to conform to GAAP).

Section 6.11 <u>Amendment or Termination of Material Contracts</u>. No Loan Party shall:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) without the prior written consent of the Administrative Agent (acting at the reasonable direction of the Required Lenders and, if requested by the Administrative Agent, in consultation with the Independent Engineer), directly or indirectly amend, modify, supplement or grant a consent, approval or waiver under, or permit or consent to the amendment, modification, supplement, consent, approval or waiver of any provision of any Material Contract (each such amendment, modification, supplement, consent, approval or waiver, a "<u>Project Document Modification</u>"), except any Project Document Modification which, taken as a whole (and together with each other contemporaneous Project Document Modification), could not reasonably be expected to be materially adverse to the Loan Parties or the Lenders;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) directly or indirectly transfer, terminate, cancel or permit or consent to the transfer, termination or cancellation of any Material Contract (including by exercising any contractual option to terminate, or failing to exercise any contractual option to extend) except to the extent that (x) such transfer, termination or cancellation could not reasonably be expected to have a Material Adverse Effect or (y) such Material Contract is replaced by an Acceptable Replacement Material Contract within ninety (90) days of such transfer, termination or cancellation; or

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) enter into an Additional Material Contract unless (i) such Additional Material Contract could not reasonably be expected to be materially adverse to the Loan Parties or the Lenders and (ii) in connection therewith, such Loan Party shall use commercially reasonable efforts to enter into a consent to assignment (in form and substance reasonably satisfactory to the Administrative Agent) within thirty (30) days of entering into the relevant Additional Material Contract.

Section 6.12 <u>Guarantees</u>. No Loan Party shall assume, guarantee, endorse, contingently agree to purchase or otherwise become liable for Indebtedness or obligations of any Person except as otherwise permitted under the terms of the Loan Documents.

Section 6.13 <u>Hazardous Materials</u>. No Loan Party will cause any Releases of Hazardous Materials at, on or under the Refinery or Site except to the extent such Release (a) is otherwise in compliance in all material respects with all Applicable Laws, including Environmental Laws or (b) could not reasonably be expected to have a Material Adverse Effect.

Section 6.14 <u>Restriction on Use of Proceeds</u>. The Borrower will not use the proceeds of any Credit Extension, whether directly or indirectly, and whether immediately, incidentally or ultimately, to purchase or carry Margin Stock, 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 6.15 <u>Sanctions; Anti-Corruption Use of Proceeds</u>. No Loan Party will, directly or indirectly, use the proceeds of the Loans, or lend, contribute or otherwise make available such proceeds to any subsidiary, joint venture partner or other Person, (i) in furtherance of an offer, payment, promise to pay, or authorization of the payment or giving of money, or anything else of value, in violation of the FCPA or any other applicable Anti-Corruption Law, or (ii) (A) to fund any activities or business of or with any Person, or in any country or territory, that, at the time of such funding, is the subject of Sanctions in violation of Sanctions, or (B) in any other manner that would result in a violation of Sanctions by any Person (including any Person participating in the Loans, whether as an Agent, Lender, underwriter, advisor, investor, or otherwise).

Section 6.16 <u>No Speculative Transactions</u>. No Loan Party shall enter into any Swap Contract, foreign currency trading or other speculative transactions, or any amendment, supplement or other modification thereof, or grant any waiver or consent thereunder, other than (a) as contemplated by the Commodity Hedging Program or (b) with the prior written consent of the Administrative Agent.

Section 6.17 <u>Change of Auditors</u>. No Loan Party shall, without the prior written consent of the Administrative Agent (such consent not to be unreasonably withheld, conditioned or delayed), change its Independent Auditor.

Article VII

<u>EVENTS OF DEFAULT</u>

Section 7.01 <u>Events of Default</u>. If any of the following events (each, an "<u>Event of Default</u>") shall occur:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) the Borrower shall fail to pay any principal of any Loan when and as the same shall become due and payable, whether at the due date thereof or at a date fixed for prepayment thereof or otherwise;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) the Borrower shall fail to pay, when and as the same shall become due and payable, (i) any interest on any Loan, and such failure is not cured within five Business Days, or (ii) any fee or any other amount (other than an amount referred to in clause (a) of this Section) payable under this Agreement or under any other Loan Document, and such failure shall continue unremedied for a period of ten or more Business Days;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) any representation or warranty made or deemed made by or on behalf of any Loan Party or its Subsidiaries in or in connection with this Agreement or any other Loan Document or any amendment or modification hereof or thereof, or any waiver hereunder or thereunder, or in any report, certificate, financial statement or other document furnished pursuant to or in connection with this Agreement or any other Loan Document or any amendment or modification hereof or thereof, or any waiver hereunder or thereunder, shall prove to have been incorrect in any material respect (or, in the case of any such representation or warranty under this Agreement or any other Loan Document already qualified by materiality, such representation or warranty shall prove to have been incorrect) when made or deemed made; <u>provided</u> that such misrepresentation or such incorrect statement shall not constitute an Event of Default if (i) such condition or circumstance is not reasonably expected to result in a Material Adverse Effect and (ii) the facts or conditions giving rise to such misstatement are cured in such a manner as to eliminate such misstatement (or as to cure the adverse effects of such misstatement) within thirty (30) days after obtaining notice of such Default; provided, further that, if (A) such Default is not reasonably susceptible to cure within such thirty (30) days, (B) such Loan Party is proceeding with diligence and good faith to cure such Default and such Default is susceptible to cure and (C) the existence of such failure has not resulted in a Material Adverse Effect, such thirty (30) day period shall be extended as may be necessary to cure such failure, such extended period not to exceed ninety (90) days in the aggregate (inclusive of the original thirty (30) day period);

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(d) any Loan Party shall fail to observe or perform (i) any covenant, condition or agreement contained in <u>Section 5.03(a)</u>, <u>5.05(a)</u> (with respect to the Borrower's existence), <u>5.08</u> or <u>5.15</u> or in Article VI and such failure has continued unremedied for a period of ten Business Days or (ii) any covenant, condition or agreement contained in <u>Section 5.01</u> and such failure has continued unremedied for a period of thirty (30) days; provided, that any such Event of Default that occurs and is continuing solely as a result of a failure of any Loan Party to provide a notice, a report, a budget, a certificate, financial statements or a similar written deliverable pursuant to <u>Sections 5.01</u> or <u>5.03</u> (collectively a "<u>Reporting Deliverable</u>") prior to the date set forth herein with respect thereto or the expiration of the time period specified for the delivery of such Reporting Deliverable shall be deemed to be cured upon delivery of such Reporting Deliverable to the Administrative Agent within the applicable cure period set forth under this <u>Section 7.01(d)</u>, notwithstanding that the time period for delivery of such Reporting Deliverable shall have expired or passed under <u>Sections 5.01</u> or <u>Section 5.03</u>;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(e) any Loan Party or its Subsidiaries shall fail to observe or perform any covenant, condition or agreement contained in this Agreement or any other Loan Document (other than those specified in clause (a), (b), (c) or (d) of this Section) and such failure shall continue unremedied for a period of 30 or more days; <u>provided</u> that, if (A) such failure is not reasonably susceptible to cure within such thirty (30) days, (B) such Loan Party is proceeding with diligence and good faith to cure such Default and such Default is susceptible to cure and (C) the existence of such failure has not resulted in a Material Adverse Effect, such thirty (30) day period shall be extended as may be necessary to cure such failure, such extended period not to exceed ninety (90) days in the aggregate (inclusive of the original thirty (30) day period); provided, that any such Event of Default that occurs and is continuing solely as a result of a failure of any Loan Party to provide a Reporting Deliverable prior to the date set forth herein with respect thereto or the expiration of the time period specified for the delivery of such Reporting Deliverable shall be deemed to be cured upon delivery of such Reporting Deliverable to the Administrative Agent within the applicable cure period set forth under this Section 7.01(e), notwithstanding that the time period for delivery of such Reporting Deliverable shall have expired or passed under <u>Sections 5.01</u> or <u>5.03</u>;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(f) involuntary proceeding shall be commenced or an involuntary petition shall be filed seeking (i) liquidation, reorganization or other relief in respect of any Loan Party or its Subsidiaries or its debts, or of a substantial part of its assets, under any Debtor Relief Law now or hereafter in effect or (ii) the appointment of a receiver, trustee, custodian, sequestrator, conservator or similar official for any Loan Party or its Subsidiaries or for a substantial part of its assets, and, in any such case, such proceeding or petition shall continue undismissed for a period of 60 or more days or an order or decree approving or ordering any of the foregoing shall be entered;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(g) any Loan Party or its Subsidiaries shall (i) voluntarily commence any proceeding or file any petition seeking liquidation, reorganization or other relief under any Debtor Relief Law now or hereafter in effect, (ii) consent to the institution of, or fail to contest in a timely and appropriate manner, any proceeding or petition described in clause (f) of this Section, (iii) apply for or consent to the appointment of a receiver, trustee, custodian, sequestrator, conservator or similar official for any Loan Party or its Subsidiaries or for a substantial part of its assets, (iv) file an answer admitting the material allegations of a petition filed against it in any such proceeding, (v) make a general assignment for the benefit of creditors or (vi) take any action for the purpose of effecting any of the foregoing;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(h) any Loan Party or its Subsidiaries shall become unable, admit in writing its inability or fail generally to pay its debts as they become due;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i) there is entered against any Loan Party or its Subsidiaries (i) a final judgment or order for the payment of money in an amount exceeding $15,000,000 (to the extent not covered by independent third-party insurance as to which the insurer has been notified of such judgment or order and has not denied or failed to acknowledge coverage), or (ii) a non-monetary final judgment or order that, either individually or in the aggregate, has or could reasonably be expected to have a Material Adverse Effect and, in either case, (A) enforcement proceedings are commenced by any creditor upon such judgment or order, or (B) there is a period of 60 consecutive days during which a stay of enforcement of such judgment, by reason of a pending appeal or otherwise, is not in effect;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(j) an ERISA Event occurs that has resulted or could reasonably be expected to result in liability of any Loan Party that could reasonably be expected to have a Material Adverse Effect;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(k) a Change of Control shall occur;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(l) (i) any material 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, ceases to be in full force and effect; (ii) any Loan Party or its Subsidiaries contests in writing the validity or enforceability of any provision of any Loan Document; or any Loan Party or its Subsidiaries denies in writing that it has any or further liability or obligation under any Loan Document, or purports in writing to revoke, terminate or rescind any Loan Document; or (iii) any Loan Document ceases to provide (to the extent required by such Loan Document) a perfected and first priority Lien on the Collateral purported to be covered thereby in favor of the Collateral Agent, free and clear of all other Liens (except for Permitted Liens);

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(m) (i) If any material obligation of any Guarantor under the guaranty contained in <u>Article IX</u> is limited or terminated by operation of law (other than in accordance with the terms of this Agreement), it being understood and agreed that any payment obligation shall be deemed to be a material obligation, or (ii) if any obligation of any Guarantor under the guaranty contained in <u>Article IX</u> is limited or terminated by such Guarantor (other than in accordance with the terms of this Agreement);

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(n) If there is a breach by a Loan Party in any material respect of, or a default by a Loan Party in any material respect under, the SOA, the SSA or a Material Contract and such breach or default would reasonably be excepted to result in a Material Adverse Effect and shall continue unremedied for the period of time under such agreement which the Loan Party has available to it in which to remedy such breach or default; <u>provided</u> that, if (A) such breach or default cannot be cured within the period of time provided in the SOA, the SSA or such Material Contract, as applicable, (B) such breach or default is susceptible of cure within thirty (30) days after such breach or default, (C) Borrower is proceeding with diligence and in good faith to cure such breach or default, (D) the existence of such breach or default has not had and could not, after considering the nature of the cure, be reasonably expected to give rise to a Material Adverse Effect, and (E) Administrative Agent shall have received a certificate of an Authorized Person of Borrower to the effect of clauses (A), (B), (C) and (D) above and stating what action Borrower is taking to cure such breach or default, then such thirty (30) day cure period (or such lesser period of time, as the case may be) shall be extended to such date, not to exceed a total of ninety (90) days, as shall be necessary for Borrower diligently to cure such breach or default; or

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(o) (i) the Borrower or any Subsidiary shall fail to make any payment of any principal, interest or premium when due (whether by scheduled maturity, required prepayment, acceleration, demand, or otherwise) in respect of any Indebtedness (other than Indebtedness under the Loan Documents) having an aggregate principal amount of more than $15,000,000; or (ii) the Borrower or any Subsidiary shall fail to observe or perform any other agreement or condition relating to any such other Indebtedness or contained in any instrument or agreement evidencing, securing or relating thereto, or any other event occurs, in each case beyond the applicable grace period with respect thereto, if any, the effect of which default or other event is to cause, or to permit the holder or holders or beneficiary or beneficiaries of such Indebtedness (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 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; provided, that clause (o)(ii) shall not apply to secured Indebtedness that becomes due as a result of the voluntary sale or transfer of the property or assets securing such Indebtedness, if such sale or transfer is permitted hereunder and under the documents providing for such Indebtedness and such Indebtedness is repaid when required under the documents providing for such Indebtedness;

then, and in every such event (other than an event with respect to the Borrower described in clause (g) or (h) of this Section), and at any time thereafter during the continuance of such event, the Administrative Agent may, and at the request of the Required Lenders shall, by notice to the Borrower, take any or all of the following actions, at the same or different times:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i) terminate the Commitments, and thereupon the Commitments shall terminate immediately;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(ii) declare the Loans then outstanding to be due and payable in whole (or in part, in which case any principal not so declared to be due and payable may thereafter be declared to be due and payable), and thereupon the principal of the Loans so declared to be due and payable, together with accrued interest thereon and all fees and other Obligations of the Borrower accrued hereunder, shall become due and payable immediately, without presentment, demand, protest or other notice of any kind, all of which are hereby waived by the Borrower; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(iii) exercise on behalf of itself and the Lenders all rights and remedies available to it and the Lenders under the Loan Documents and Applicable Law;

<u>provided</u> that, in case of any event with respect to the Borrower described in clause (g) or (h) of this Section, the Commitments shall automatically terminate and the principal of the Loans then outstanding, together with accrued interest thereon and all fees and other Obligations accrued hereunder, shall automatically become due and payable, in each case without presentment, demand, protest or other notice of any kind, all of which are hereby waived by the Borrower.

Section 7.02 <u>Application of Payments</u>. Notwithstanding anything herein to the contrary, following the occurrence and during the continuance of an Event of Default, and notice thereof to the Administrative Agent by the Borrower or the Required Lenders, all payments received on account of the Obligations shall, subject to Sections 2.02(g), be applied by the Administrative Agent as follows:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i) <u>first</u>, to payment of that portion of the Obligations constituting fees, indemnities, expenses and other amounts (including fees and disbursements and other charges of counsel payable under <u>Section 10.03</u> and amounts payable under <u>Section 2.09</u>) payable to the each Agent in its capacity as such pro rata based on such respective amounts then due to such Agent;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(ii) <u>second</u>, to payment of that portion of the Obligations constituting fees, indemnities and other amounts (other than principal and interest) payable to the Lenders (including fees and disbursements and other charges of counsel payable under <u>Section 10.03</u>) arising under the Loan Documents, ratably among them in proportion to the respective amounts described in this clause (ii) payable to them;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(iii) <u>third</u>, to payment of that portion of the Obligations constituting accrued and unpaid interest on the Loans, ratably among the Lenders in proportion to the respective amounts described in this clause (iii) payable to them;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(iv) <u>fourth</u>, to payment of that portion of the Obligations constituting unpaid principal of the Loans, ratably among the Lenders in proportion to the respective amounts described in this clause (iv) payable to them;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(v) <u>fifth</u>, to the payment in full of all other Obligations, in each case ratably among the Administrative Agent and the Lenders based upon the respective aggregate amounts of all such Obligations owing to them in accordance with the respective amounts thereof then due and payable; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(vi) <u>finally</u>, the balance, if any, after all Obligations have been indefeasibly paid in full, to the Borrower or as otherwise required by Law.

Article VIII

<u>AGENCY</u> 

Section 8.01 <u>Appointment and Authority</u>. Each of the Lenders hereby irrevocably appoints each Agent to act on its behalf as its agent hereunder and under the other Loan Documents and authorizes each Agent to take such actions on its behalf and to exercise such powers as are delegated to such Agent by the terms hereof or thereof, together with such actions and powers as are reasonably incidental thereto. Each Agent shall promptly forward to each Lender all written communications it receives from the Borrower and any final calculations made by such Agent in respect of the Collateral. Except as otherwise provided in Section 8.06, the provisions of this Article are solely for the benefit of the Agents and the Lenders, and none of the Loan Parties shall have any rights as a third party beneficiary of any of such provisions.

Except as otherwise specified herein or in any other Loan Documents, all actions taken by each Agent on behalf of the Lenders pursuant to this Agreement or the other Loan Documents, and all amounts realized by each Agent on behalf of the Lenders under or in respect of this Agreement and the other Loan Documents, shall be for the benefit of all of the Lenders' Pro Rata Share.

Section 8.02 <u>Rights as a Lender</u> . Each Agent shall have the same rights and powers in its capacity as a Lender as any other Lender and may exercise the same as though it were not an Agent, and the term "Lender" or "Lenders" shall, unless otherwise expressly indicated or unless the context otherwise requires, include the Person serving as an Agent hereunder in its individual capacity. Such Person and its branches and 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 business with, the Borrower or any Subsidiary or other Affiliate thereof as if such Person were not an Agent hereunder and without any duty to account therefor to the Lenders.

Section 8.03 <u>Exculpatory Provisions</u>.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) No Agent shall 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, no Agent:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i) shall be subject to any fiduciary or other implied duties, regardless of whether a Default or Event of Default has occurred and is continuing;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(ii) shall 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 such 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); <u>provided</u> that no Agent shall be required to take any action that, in its opinion or the opinion of its counsel, may expose such 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

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

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) No Agent shall be liable for any action taken or not taken by it (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 such Agent shall believe in good faith shall be necessary, under the circumstances as provided in <u>Sections 8.01</u> and <u>8.02</u>), 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. No Agent shall be deemed to have knowledge of any Default unless and until notice describing such Default is given to such Agent in writing by the Borrower or a Lender.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) No Agent shall be responsible for or have any duty to ascertain or inquire into (i) any statement, warranty or representation made in or in connection with this Agreement or any other Loan Document, (ii) the contents of any certificate, report or other document delivered hereunder or thereunder or in connection herewith or therewith, (iii) the performance or observance of any of the covenants, agreements or other terms or conditions set forth herein or therein or the occurrence of any Default, (iv) the validity, enforceability, effectiveness or genuineness of this Agreement, any other Loan Document or any other agreement, instrument or document, or (v) the satisfaction of any condition set forth in Article IV or elsewhere herein, other than to confirm receipt of items expressly required to be delivered to such Agent.

Except as otherwise specifically set forth in this Agreement, any and all actions (including, without limitation, waivers, consents and/or approvals) that may be or are required to be taken by a Lender under this Agreement or any other Loan Document shall be carried out by the Administrative Agent (or, as applicable, the Collateral Agent) on behalf of the Lender. In no event shall any Lender take any such actions under this Agreement or any other Loan Document other than through the Administrative Agent or, if applicable, the Collateral Agent.

Section 8.04 <u>Reliance by Agents</u>. Each Agent shall be entitled to rely upon, and shall not incur any liability for relying upon, any notice, request, certificate, consent, statement, instrument, document or other writing (including any electronic message, Internet or intranet website posting or other distribution) believed by it to be genuine and to have been signed, sent or otherwise authenticated by the proper Person. Each Agent also may rely upon any statement made to it orally or by telephone and believed by it to have been made by the proper Person, and shall not incur any liability for relying thereon. Each Agent may consult with legal counsel (who may be counsel for the Borrower), independent accountants and other experts selected by it, and shall not be liable for any action taken or not taken by it in accordance with the advice of any such counsel, accountants or experts.

Section 8.05 <u>Delegation of Duties</u>. Each 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 such Agent with the prior written consent of the Borrower (not to be unreasonably withheld, delayed or conditioned); provided that, if the Borrower fails to object within five (5) Business Days of the request by such Agent for such written consent, the Borrower shall be deemed to have consented to such request. Each 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 each Agent and any such sub-agent, and shall apply to their respective activities as well as activities as an Agent. No Agent shall 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 nonappealable judgment that such Agent acted with gross negligence or willful misconduct in the selection of such sub-agents.

Section 8.06 <u>Resignation of an Agent</u>. Each Agent may at any time give notice of its resignation to the Lenders (with the prior written consent of the Borrower), and any Agent may be removed at any time by the Required Lenders (with the prior written consent of the Borrower); provided that, in each case, such consent of the Borrower shall not be unreasonably withheld, delayed or conditioned; provided further that, if the Borrower fails to object within five (5) Business Days of the receipt of the request for such written consent, the Borrower shall be deemed to have consented to such request. Upon receipt of any such notice of resignation or removal, the Required Lenders shall have the right, in consultation with and prior written consent of the Borrower not to be unreasonably withheld, delayed or conditioned, to appoint a successor. If no such successor shall have been so appointed by the Required Lenders or an appointed successor does not accept such appointment within 30 days after the retiring Administrative Agent gives notice of its resignation or after the Agent's removal (or such earlier day as shall be agreed by the Required Lenders) (the "<u>Resignation Effective Date</u>"), then the retiring or removed Agent may (but shall not be obligated to), on behalf of the Lenders, appoint a successor Agent (with the prior written consent of the Borrower not to be unreasonably withheld, delayed or conditioned); <u>provided</u> that in no event shall any such successor Agent be a Defaulting Lender or a Disqualified Institution. With effect from the Resignation Effective Date (i) the retiring or removed Agent shall be discharged from its duties and obligations hereunder and under the other Loan Documents (except that if any Collateral is then held by such Agent on behalf of the Lenders under any of the Loan Documents, the retiring or removed Agent shall continue to hold such Collateral until such time as a successor Agent is appointed) and (ii) all payments, communications and determinations provided to be made by, to or through such Agent shall instead be made by or to each Lender directly, until such time as the Required Lenders appoint a successor Agent as provided for above in this Section. Upon the acceptance of a successor's appointment as an Agent hereunder, such successor shall succeed to and become vested with all of the rights, powers, privileges and duties of the retiring (or retired) or removed Agent, and the retiring or removed 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 Borrower to a successor Agent shall be the same as those payable to its predecessor unless otherwise agreed between Borrower and such successor. After the retiring Agent's resignation hereunder and under the other Loan Documents, the provisions of this <u>Article VIII</u> and <u>Section 10.03</u> shall continue in effect for the benefit of such retiring or removed Agent, its agents and 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 Agent was acting as an Agent.

Section 8.07 <u>Non-Reliance on Agents and Other Lenders; No Other Duties; Etc.</u>. Each Lender acknowledges that it has, independently and without reliance upon any Agent, 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, any other Loan Document or any related agreement or any document furnished hereunder or thereunder. Each Lender also acknowledges that it will, independently and without reliance upon any Agent, 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. The parties agree that neither the Administrative Agent nor the Collateral Agent shall have any obligations, liability or responsibility under or in connection with this Agreement and the other Loan Documents and that none of the Agents shall have any obligations, liabilities or responsibilities except for those expressly set forth herein and in the other Loan Documents. The Collateral Agent shall have all of the rights (including indemnification rights), powers, benefits, privileges, exculpations, protections and immunities granted to the Collateral Agent under the other Loan Documents, all of which are incorporated herein mutatis mutandis.

Section 8.08 <u>Agent May File Proofs of Claim</u>. In case of the pendency of any proceeding under any Debtor Relief Law, the applicable Agent (irrespective of whether the principal of any Loan shall then be due and payable as herein expressed or by declaration or otherwise and irrespective of whether such Agent shall have made any demand on the Borrower) shall be entitled and empowered (but not obligated) by intervention in such proceeding or otherwise:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) to file and prove a claim for the whole amount of the principal and interest owing and unpaid in respect of the Loans and all other Obligations that are owing and unpaid and to file such other documents as may be necessary or advisable in order to have the claims of the Lenders and such Agent (including any claim for the reasonable compensation, expenses, disbursements and advances of the Lenders and such Agent and their respective agents and counsel and all other amounts due the Lenders and the such Agent under <u>Section 10.03</u>) allowed in such judicial proceeding; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) to collect and receive any monies or other property payable or deliverable on any such claims and to distribute the same;

and any custodian, receiver, assignee, trustee, liquidator, sequestrator or other similar official in any such judicial proceeding is hereby authorized by each Lender to make such payments to such Agent and, in the event that such Agent shall consent to the making of such payments directly to the Lenders, to pay to the such Agent any amount due for the reasonable compensation, expenses, disbursements and advances of such Agent and its agents and counsel, and any other amounts due to such Agent under <u>Section 10.03</u>.

Section 8.09 <u>Collateral</u>. Each Lender hereby further authorizes the Collateral Agent to enter into the Loan Documents as secured party on behalf of and for the benefit of the Lenders and agrees to be bound by the terms of the Loan Documents. The Collateral Agent is hereby authorized to hold all Collateral pledged pursuant to any Loan Document and to act on behalf of the Lenders in respect of the Security Agreement; <u>provided</u>, that neither the Administrative Agent nor the Collateral Agent shall agree to the release of any Collateral except in accordance with the terms of this Agreement and the Security Agreement. The Lenders acknowledge that the, all interest, fees and expenses and other obligations hereunder constitute one debt, secured by all of the Collateral.

Section 8.10 <u>Certain ERISA Matters</u>.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) Each Lender (x) represents and warrants, as of the date such Person became a Lender party hereto, to, and (y) covenants, from the date such Person became a Lender party hereto to the date such Person ceases being a Lender party hereto, for the benefit of, the Administrative Agent, the Collateral Agent and each of their respective Affiliates, and not, for the avoidance of doubt, to or for the benefit of the Borrower or any other Loan Party, that at least one of the following is and will be true:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i) such Lender is not using "plan assets" (within the meaning of Section 3(42) of ERISA or otherwise for purposes of Title I of ERISA or Section 4975 of the Code) of one or more Benefit Plans with respect to such Lender's entrance into, participation in, administration of and performance of the Loans, the Commitments or this Agreement,

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(ii) the prohibited transaction exemption set forth in one or more PTEs, such as PTE 84-14 (a class exemption for certain transactions determined by independent qualified professional asset managers), PTE 95-60 (a class exemption for certain transactions involving insurance company general accounts), PTE 90-1 (a class exemption for certain transactions involving insurance company pooled separate accounts), PTE 91-38 (a class exemption for certain transactions involving bank collective investment funds) or PTE 96-23 (a class exemption for certain transactions determined by in-house asset managers), is applicable so as to exempt from the prohibitions of Section 406 of ERISA and Section 4975 of the Code such Lender's entrance into, participation in, administration of and performance of the Loans, the Commitments and this Agreement,

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(iii) (A) such Lender is an investment fund managed by a "Qualified Professional Asset Manager" (within the meaning of Part VI of PTE 84-14), (B) such Qualified Professional Asset Manager made the investment decision on behalf of such Lender to enter into, participate in, administer and perform the Loans, the Commitments and this Agreement, (C) the entrance into, participation in, administration of and performance of the Loans, the Commitments and this Agreement satisfies the requirements of sub-sections (b) through (g) of Part I of PTE 84- 14 and (D) to the best knowledge of such Lender, the requirements of subsection (a) of Part I of PTE 84-14 are satisfied with respect to such Lender's entrance into, participation in, administration of and performance of the Loans, the Commitments and this Agreement, or

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(iv) such other representation, warranty and covenant as may be agreed in writing between the Administrative Agent, in its sole discretion, and such Lender.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) In addition, unless either (1) sub-clause (i) in the immediately preceding clause (a) is true with respect to a Lender or (2) a Lender has provided another representation, warranty and covenant in accordance with sub-clause (iv) in the immediately preceding clause (a), such Lender further (x) represents and warrants, as of the date such Person became a Lender party hereto, and (y) covenants, from the date such Person became a Lender party hereto to the date such Person ceases being a Lender party hereto, for the benefit of, the Administrative Agent, the Collateral Agent and each of their respective Affiliates, and not, for the avoidance of doubt, to or for the benefit of the Borrower or any other Loan Party, that none of the Administrative Agent, the Collateral Agent or any of their respective Affiliates is a fiduciary with respect to the assets of such Lender (including in connection with the reservation or exercise of any rights by the Administrative Agent under this Agreement, any Loan Document or any documents related hereto or thereto).

Article IX

<u>GUARANTY</u>

Section 9.01 <u>Guaranty</u>.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) For good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, each Guarantor, jointly and severally, hereby unconditionally and irrevocably guarantees the full and punctual payment and performance (whether at stated maturity, upon acceleration or otherwise) of all Guaranteed Obligations, in each case as primary obligor and not merely as surety and with respect to all such Guaranteed Obligations howsoever created, arising or evidenced, whether direct or indirect, absolute or contingent, now or hereafter existing, or due or to become due. This is a guaranty of payment and not merely of collection.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) All payments made by the Guarantors under this <u>Article IX</u> shall be payable in the manner required for payments by Borrower hereunder, including: (i) the obligation to make all such payments in Dollars, free and clear of, and without deduction for, any Taxes (including withholding taxes), (ii) the obligation to pay interest at the Default Rate and (iii) the obligation to pay all amounts due under the Loan in Dollars.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) Any term or provision of this guaranty to the contrary notwithstanding the aggregate maximum amount of the Guaranteed Obligations for which any Guarantor shall be liable (in the case of the Pledgor, subject to Section 9.07) under this guaranty shall not exceed the maximum amount for which such Guarantor can be liable without rendering this guaranty or any other Loan Document, as it relates to such Guarantor void or voidable under Applicable Law relating to fraudulent conveyance or fraudulent transfer.

Section 9.02 <u>Guaranty Unconditional</u>. The Guaranteed Obligations shall be unconditional and absolute and, without limiting the generality of the foregoing, shall not be released, discharged or otherwise affected by:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) any extension, renewal, settlement, compromise, waiver or release in respect of any obligations of any Loan Party under the Loan Documents and/or any Commitments under the Loan Documents, by operation of law or otherwise (other than with respect to any such extension, renewal, settlement, compromise, waiver or release agreed in accordance with the terms hereunder as expressly applying to the Guaranteed Obligations);

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) any modification or amendment of or supplement to this Agreement or any other Loan Document (other than with respect to any modification, amendment or supplement agreed in accordance with the terms hereunder as expressly applying to the Guaranteed Obligations);

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) any release, impairment, non-perfection or invalidity of any Collateral;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(d) any change in the corporate existence, structure or ownership of any Loan Party or any other Person, or any event of the type described in <u>Sections 3.01</u>, <u>6.03</u> or <u>6.06</u> with respect to any Person;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(e) the existence of any claim, set-off or other rights that the Guarantors may have at any time against any Loan Party, any other Guarantor, any Secured Party or any other Person, whether in connection herewith or with any unrelated transactions;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(f) any invalidity or unenforceability relating to or against any Loan Party for any reason of any Loan Document, or any provision of Applicable Law purporting to prohibit the performance by any Loan Party of any of its obligations under the Loan Documents (other than any such invalidity or unenforceability with respect solely to the Guaranteed Obligations);

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(g) the failure of any Material Contract Counterparty to make payments owed to any Loan Party; or

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(h) any other act or omission to act or delay of any kind by any Loan Party, any Secured Party or any other Person or any other circumstance whatsoever that might, but for the provisions of this <u>Section 9.02</u>, constitute a legal or equitable discharge of the obligations of any Loan Party under the Loan Documents.

Section 9.03 <u>Discharge Only Upon Payment in Full; Reinstatement in Certain Circumstances</u>. The Guaranteed Obligations shall remain in full force and effect until all of Borrower's obligations under the Loan Documents shall have been paid or otherwise performed in full and all of the Commitments shall have terminated. If at any time any payment made under this Agreement or any other Loan Document is rescinded or must otherwise be restored or returned upon the insolvency, bankruptcy, reorganization or similar event of any Loan Party or any other Person or otherwise, then the Guaranteed Obligations with respect to such payment shall be reinstated at such time as though such payment had been due but not made at such time.

Section 9.04 <u>Waiver by the Guarantors</u>.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) Each Guarantor hereby irrevocably and unconditionally waives, to the fullest extent permitted by Applicable Law: (i) notice of acceptance of the guaranty provided in this <u>Article IX</u> and notice of any liability to which this guaranty may apply, (ii) all notices that may be required by Applicable Law or otherwise to preserve intact any rights of any Secured Party against any Loan Party, including any demand, presentment, protest, proof of notice of non-payment, notice of any failure on the part of any Loan Party to perform and comply with any covenant, agreement, term, condition or provision of any agreement and any other notice to any other party that may be liable in respect of the Guaranteed Obligations (including any Loan Party) except any of the foregoing as may be expressly required hereunder, (iii) any right to the enforcement, assertion or exercise by any Secured Party of any right, power, privilege or remedy conferred upon such Person under the Loan Documents or otherwise and (iv) any requirement that any Secured Party exhaust any right, power, privilege or remedy, or mitigate any damages resulting from a default, under any Loan Document, or proceed to take any action against any Collateral or against any Loan Party or any other Person under or in respect of any Loan Document or otherwise, or protect, secure, perfect or ensure any Lien on any Collateral.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) Each Guarantor agrees and acknowledges that the Administrative Agent and each holder of any Guaranteed Obligations may demand payment of, enforce and recover from each Guarantor or any other Person obligated for any or all of such Guaranteed Obligations in any order and in any manner whatsoever, without any requirement that the Administrative Agent or such holder seek to recover from any particular Guarantor or other Person first or each Guarantor or other Persons *pro rata* or on any other basis.

Section 9.05 <u>Subrogation</u>. Upon any Guarantor making any payment under this <u>Article IX</u>, such Guarantor, as applicable, shall be subrogated to the rights of the payee against Borrower with respect to such obligation; <u>provided</u> that no Guarantor shall enforce any payment by way of subrogation, indemnity, contribution or otherwise, or exercise any other right, against any other Loan Party (or otherwise benefit from any payment or other transfer arising from any such right) so long as any obligations under the Loan Documents (other than on-going but not yet incurred indemnity obligations) remain unpaid and/or unsatisfied.

Section 9.06 <u>Acceleration</u>. All amounts subject to acceleration under this Agreement shall be payable by the Guarantors hereunder immediately upon demand by the Administrative Agent.

Section 9.07 <u>Limited Recourse Against Pledgor</u>. Notwithstanding anything to the contrary in this Article IX, the obligations of the Pledgor under, and recourse against the Pledgor for, the Guaranteed Obligations shall be limited to the Collateral pledged by the Pledgor pursuant to the Security Agreement.

Article X

<u>MISCELLANEOUS</u>

Section 10.01 <u>Notices; Public Information</u>.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) <u>Notices Generally</u>. Except in the case of notices and other communications expressly permitted to be given by telephone (and except as provided in paragraph (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 email as follows:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i) if to the Borrower, to it at:

Central Valley Renewable Fuels, LLC<br> c/o Grapevine Energy Holdings, LLC<br> 6451 Rosedale Hwy<br> Bakersfield, CA 93308<br> Attention: General Counsel

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(ii) if to Vitol Americas Corp. in its capacity as Administrative Agent, Collateral Agent or Lender, to it at:

Vitol Americas Corp.<br> 2925 Richmond Ave., Suite 1100<br> Houston, TX 77098<br> Attn: Contract Administration<br> Email: xagreementshou@vitol.com

With copies to (which shall not constitute notice to Vitol):

Vitol Americas Corp.<br> 2925 Richmond Ave., Suite 1100<br> Houston, TX 77098<br> Attn: General Counsel<br> Email: legalhouston@vitol.com

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(iii) if to any other Lender, to it at the address provided in writing to the Administrative Agent and the Borrower at the time of its appointment as a Lender hereunder.

Notices sent by hand or overnight courier service, or mailed by certified or registered mail, shall be deemed to have been given when received. Notices delivered through electronic communications, to the extent provided in paragraph (b) below, shall be effective as provided in said paragraph (b).

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) <u>Electronic Communications</u>. Notices and other communications to the Lenders hereunder may be delivered or furnished by electronic communication (including e-mail, Internet or intranet websites) pursuant to procedures approved by the Administrative Agent, <u>provided</u> that the foregoing shall not apply to notices to any Lender pursuant to <u>Article II</u> if such Lender has notified the Administrative Agent that it is incapable of receiving notices under such Article by electronic communication. The Administrative Agent or the Borrower may, in its discretion, agree to accept notices and other communications to it hereunder by electronic communications pursuant to procedures approved by it; <u>provided</u> that approval of such procedures may be limited to particular notices or communications.

Unless the Administrative Agent otherwise prescribes, (i) notices and other communications sent to an e-mail address shall be deemed received upon the sender's receipt of an acknowledgement from the intended recipient (such as by the "return receipt requested" function, as available, return e-mail or other written acknowledgement), 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; <u>provided</u> that, for both clauses (i) and (ii) above, if such notice, email or other communication is not sent during the normal business hours of the recipient, such notice or communication shall be deemed to have been sent at the opening of business on the next business day for the recipient.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) <u>Change of Address, etc</u>. Any party hereto may change its address or email for notices and other communications hereunder by notice to the other parties hereto.

Section 10.02 <u>Waivers; Amendments</u>.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) Except as otherwise expressly set forth in this Agreement, no amendment or waiver of any provision of this Agreement or any Loan Document, nor consent to any departure by any Loan Party or the Lenders therefrom, shall in any event be effective unless the same shall be in writing and signed by the Loan Parties and the Required Lenders or by the Loan Parties and the Administrative Agent with the consent of the Required Lenders, and then such waiver or consent shall be effective only in the specific instance and for the specific purpose for which given; <u>provided</u> that no such amendment, waiver or consent shall:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i) extend or increase any Commitment of any Lender without the written consent of such Lender (it being understood that a waiver of any condition precedent set forth in Article IV or the waiver of any Default or Event of Default shall not constitute an extension or increase of any Commitment of any Lender);

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(ii) reduce the principal of, or rate of interest specified herein on, any Loan or any fees or other amounts payable hereunder or under any other Loan Document, without the written consent of each Lender directly and adversely affected thereby (<u>provided</u> that only the consent of the Required Lenders shall be necessary (x) to amend the definition of "Default Rate" or to waive the obligation of the Borrower to pay interest at the Default Rate or (y) to amend any financial covenant (or any defined term directly or indirectly used therein), even if the effect of such amendment would be to reduce the rate of interest on any Loan or other Obligation or to reduce any fee payable hereunder);

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(iii) change Section 7.02 without the written consent of each Lender directly and adversely affected thereby; or

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(iv) change any provision of this Section or the percentage in the definition of "Required Lenders" or any other provision hereof specifying the number or percentage of Lenders required to amend, waive or otherwise modify any rights hereunder or make any determination or grant any consent hereunder, without the written consent of each Lender;

<u>provided</u>, <u>further</u>, that no such amendment, waiver or consent shall amend, modify or otherwise affect the rights or duties hereunder or under any other Loan Document of any Agent, unless in writing executed by such Agent, in each case in addition to the Loan Parties and the Lenders required above.

Notwithstanding anything herein to the contrary, no Defaulting Lender shall have any right to approve or disapprove any amendment, waiver or consent hereunder (and any amendment, waiver or consent that by its terms requires the consent of all the Lenders or each affected Lender may be effected with the consent of the applicable Lenders other than Defaulting Lenders, except that (x) the Commitment of any Defaulting Lender may not be increased or extended, or the maturity of any of its Loan may not be extended, the rate of interest on any of its Loans may not be reduced and the principal amount of any of its Loans may not be forgiven, in each case without the consent of such Defaulting Lender and (y) any amendment, waiver or consent requiring the consent of all the Lenders or each affected Lender that by its terms affects any Defaulting Lender more adversely than the other affected Lenders shall require the consent of such Defaulting Lender).

In addition, notwithstanding anything in this Section to the contrary, if the Administrative Agent and the Borrower shall have jointly identified an obvious error or any error or omission of a technical nature, in each case, in any provision of the Loan Documents, then the Administrative Agent and the Borrower shall be permitted to amend such provision, and, in each case, such amendment shall become effective without any further action or consent of any other party to any Loan Document if the same is not objected to in writing by the Required Lenders to the Administrative Agent within ten Business Days following receipt of notice thereof.

Section 10.03 <u>Expenses; Indemnity; Damage Waiver</u>.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) <u>Costs and Expenses</u>. The Borrower shall pay (i) all reasonable out-of-pocket expenses incurred by each Agent and its Affiliates (including the reasonable out-of-pocket fees, charges and disbursements of counsel for such Agent), in connection with the syndication of the Revolving Loans, 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) and (ii) all out-of-pocket expenses incurred by the Administrative Agent or any Lender (including the out-of-pocket fees, charges and disbursements of any counsel for any Agent or any Lender) in connection with the enforcement or protection of its rights (A) in connection with this Agreement and the other Loan Documents, including its rights under this Section, or (B) in connection with the Loans made hereunder, including all such out-of-pocket expenses incurred during any workout, restructuring or negotiations in respect of such Loans; <u>provided</u>, that, the fees and expenses of counsel that shall be paid or reimbursed by Borrower hereunder shall in any event be limited to one primary counsel to each Agent, and one local counsel to each Agent in each reasonably necessary jurisdiction. The fees, costs and expenses of such professionals shall be due and payable by the Loan Parties promptly upon submission by the applicable professional of a summary invoice setting forth such fees, costs, and expenses.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) <u>Indemnification by the Loan Parties</u>. Each Loan Party shall indemnify the Administrative Agent (and any agent or sub-agent thereof), the Collateral Agent (and any agent or sub-agent thereof), each Lender and each Related Party of any of the foregoing Persons (each such Person being called an "<u>Indemnitee</u>") against, and hold each Indemnitee harmless from, any and all losses, claims, damages, liabilities and related expenses (including the out-of-pocket fees, charges and disbursements of any counsel for any Indemnitee) incurred by any Indemnitee or asserted against any Indemnitee by any third party or by any Loan Party or any Related Party of any Loan Party arising out of, in connection with, by reason of or as a result of any of the following (in each case, except to the extent arising out of, in connection with or solely as a result of the execution or delivery of the SOA or the SSA or the performance by the parties thereto of their respective obligations thereunder or the consummation of the transactions contemplated thereby): (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 (including, for avoidance of doubt, any liabilities arising under or in connection with Environmental Law), (ii) any Loan or the use or proposed use of the proceeds therefrom, (iii) (reserved) 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 any Loan Party or any other Related Party of any Loan Party, and regardless of whether any Indemnitee is a party thereto; <u>provided</u> that such indemnity shall not, as to any Indemnitee, be available to the extent that such losses, claims, damages, liabilities or related expenses (x) are determined by a court of competent jurisdiction by final and nonappealable judgment to have resulted from the gross negligence or willful misconduct of such Indemnitee (y) result from a claim brought by any Loan Party or any other Related Party of any Loan Party against an Indemnitee for breach of such Indemnitee's obligations hereunder or under any other Loan Document, if any Loan Party or such Related Party has obtained a final and nonappealable judgment in its favor on such claim as determined by a court of competent jurisdiction or (z) result from a claim not involving an act or omission of any Loan Party or any Related Party of any Loan Party and that is brought by an Indemnitee against another Indemnitee (other than against the Administrative Agent in its capacity as such). Paragraph (b) of this Section shall not apply with respect to Taxes other than any Taxes that represent losses, claims, damages, etc. arising from any non-Tax claim. In the case of any investigation, litigation or other proceeding to which the indemnity in this Section 10.03(b) applies, such indemnity shall be effective whether or not such investigation, litigation or proceeding is brought by any of the Loan Parties, any of their respective directors, security holders or creditors, an Indemnitee or any other Person or an Indemnitee is otherwise a party thereto.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) <u>Reimbursement by Lenders</u>. To the extent that Borrower for any reason fails to indefeasibly pay any amount required under paragraph (a) or (b) of this Section to be paid by it to the Administrative Agent (or any agent or sub-agent thereof) or any Related Party of any of the foregoing, each Lender severally agrees to pay to any Agent (or any such sub-agent) 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) of such unpaid amount; <u>provided</u> 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 applicable Agent (or any such sub-agent) in its capacity as such, or against any Related Party of any of the foregoing acting for such Agent (or any such subagent) in connection with such capacity. The obligations of the Lenders under this paragraph (c) are several and not joint.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(d) <u>Waiver of Consequential Damages, Etc.</u> To the fullest extent permitted by Applicable Law, no Loan Party shall assert, and each Loan Party hereby waives, any claim against any Indemnitee, on any theory of liability, for special, indirect, consequential or punitive damages (as opposed to direct or actual damages) arising out of, in connection with, or as a result of, this Agreement, any other Loan Document or any agreement or instrument contemplated hereby, the transactions contemplated hereby or thereby, any Loan, or the use of the proceeds thereof. No Indemnitee referred to in paragraph (b) above shall be liable for any damages arising from the use by unintended recipients of any information or other materials distributed by it through telecommunications, electronic or other information transmission systems in connection with this Agreement or the other Loan Documents or the transactions contemplated hereby or thereby.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(e) <u>Payments</u>. All amounts due under this Section shall be payable promptly after demand therefor.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(f) <u>Survival</u>. Each party's obligations under this Section shall survive the termination of the Loan Documents and payment of the obligations hereunder.

Section 10.04 <u>Binding Effect</u>. This Agreement shall become effective when it shall have been executed by each Loan Party, each Lender, the Administrative Agent and the Collateral Agent.

Section 10.05 <u>Successors and Assigns</u>.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) <u>Successors and Assigns Generally</u>. The provisions of this Agreement shall be binding upon and inure to the benefit of the parties hereto and their respective successors and assigns permitted hereby, except that 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 each Lender (and any other attempted assignment or transfer by any party hereto shall be null and void), and no Lender may assign or otherwise transfer any of its rights or obligations hereunder except (i) to an assignee, by way of participation in accordance with <u>Section 10.05(b)(v)</u> or (ii) by way of pledge or assignment of a security interest in accordance with <u>Section 10.05(b)(xi)</u>. 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 paragraph (b) of this Section and, to the extent expressly contemplated hereby, the Related Parties of each of the Administrative Agent and the Lenders) any legal or equitable right, remedy or claim under or by reason of this Agreement.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) <u>Assignments by Lenders</u>.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i) Subject to <u>Section 10.05(b)(ix)</u>, any Lender may, upon notice to the Administrative Agent and with the prior written consent of Borrower (not to be unreasonably withheld, conditioned or delayed), assign to any Person all or a portion of its respective rights and obligations under this Agreement (including, but not limited to, all or a portion of the Commitments); <u>provided</u>, <u>however</u>, that no such consent shall be required if (i) a Lender assigns all or any portion of its obligations to any other Lender or the Administrative Agent or (ii) an Event of Default under clause (a) or (b) of Section 7.01 or, solely with respect to Borrower, clause (f) or (g) of Section 7.01, shall have occurred and be continuing. The parties to each such assignment shall execute and deliver to the Administrative Agent for its acceptance, the Assignment and Assumption, whereupon such assignee, to the extent of the assigned interest, shall be a "Lender" hereunder.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(ii) By executing and delivering an assignment, the assignor thereunder and the assignee thereunder confirm to and agree with each other and the other parties hereto as follows: (i) other than as provided in the Assignment and Assumption, such assignor makes no representation or warranty and assumes no responsibility with respect to any statements, warranties or representations made in or in connection with this Agreement or the execution, legality, validity, enforceability, genuineness, sufficiency or value of this Agreement or any other instrument or document furnished pursuant hereto; (ii) such assignor makes no representation or warranty and assumes no responsibility with respect to the financial condition of Borrower or the performance or observance by Borrower of any of its obligations under this Agreement or any other instrument or document furnished pursuant hereto; (iii) such assignee confirms that it has received a copy of this Agreement, together with copies of the financial statements referred to in <u>Section 5.01</u> and such other documents and information as it has deemed appropriate to make its own analysis and decision to enter into such assignment; (iv) such assignee will, independently and without reliance upon the Administrative Agent or such assignor and based on such documents and information as it shall deem appropriate at the time, continue to make its own decisions in taking or not taking action under this Agreement and (v) such assignee agrees that it will perform in accordance with their terms all of the obligations which by the terms of this Agreement are required to be performed by it as a Lender.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(iii) Upon its receipt of the Assignment and Assumption executed by an assignor and an assignee, together with any Note subject to such assignment, the Administrative Agent shall record the information contained therein in the Register and give prompt notice thereof to Borrower.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(iv) The Administrative Agent, acting solely for this purpose as an agent of Borrower, shall maintain a copy of each Assignment and Assumption delivered to it and a register for the recordation of the names and addresses of the Lenders, and the Commitments of, and principal amounts (and stated interest) of the Loans owing to, each Lender pursuant to the terms hereof from time to time (the "<u>Register</u>"). The entries in the Register shall be conclusive absent manifest error, and Borrower, the Administrative Agent and the Lenders shall treat each Person whose name is recorded in the Register pursuant to the terms hereof as a Lender hereunder for all purposes of this Agreement, notwithstanding notice to the contrary. The Register shall be available for inspection by the Borrower and any Lender, at any reasonable time and from time to time upon reasonable prior notice.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(v) Any Lender may sell participations to one or more Persons in or to all or a portion of its rights and obligations under this Agreement (including, but not limited to, all or a portion of the Commitments or Loans owing to it); <u>provided</u>, <u>however</u>, 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, (iii) such Lender shall remain a lender for all purposes of this Agreement, (iv) Borrower, the Administrative Agent and the other Lenders shall continue to deal solely and directly with such Lender in connection with such Lender's rights and obligations under this Agreement, (v) in any bankruptcy proceeding in respect of Borrower, such Lender shall remain and be, to the fullest extent permitted by law, the sole representative with respect to the rights and obligations held in the name of such Lender (whether such rights or obligations are for such Lender's own account or for the account of any participant) and (vi) no participant under any such participation agreement shall have any right to approve or otherwise vote with respect to any amendment or waiver of any provision of this Agreement, or to consent to any departure by Borrower therefrom.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(vi) The Borrower agrees that each participant shall be entitled to the benefits of <u>Sections 2.09</u>, <u>2.11</u>, <u>2.13</u> and <u>2.17(a)</u> (subject to the requirements and limitations therein, including the requirements under <u>Section 2.13(g)</u> (it being understood that the documentation required under <u>2.13(g)</u> shall be delivered to the participating Lender)) to the same extent as if it were a Lender and had acquired its interest by assignment pursuant to paragraph (b) of this Section; <u>provided</u> that such participant shall not be entitled to receive any greater payment under <u>Sections 2.09</u>, <u>2.11</u> or <u>2.13</u>, with respect to any participation, than its participating Lender 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.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(vii) Each Lender that sells a participation shall, acting solely for this purpose as a non-fiduciary 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 "<u>Participant Register</u>"); <u>provided</u> 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.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(viii) Any Lender may, in connection with any assignment or participation or proposed assignment or participation pursuant to this Section 10.05(b) and subject to the provisions of Section 10.13, disclose to the assignee or participant or proposed assignee or participant any information relating to Borrower or any of its Affiliates furnished to such Lender by or on behalf of Borrower.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(ix) If a Lender shall at any time desire to sell, assign, transfer or otherwise dispose of its Commitment (or a portion thereof) (each, an "<u>Assigning Lender</u>") pursuant to the terms of a bona fide offer received in writing from a third party that is not an Affiliate of the Assigning Lender (the "<u>Proposed Assignee</u>"), such Assigning Lender shall provide written notice (the "<u>Transfer Notice</u>") to the Administrative Agent. The Transfer Notice shall describe in reasonable detail the proposed transfer including, without limitation, the portion of the Commitment the Assigning Lender intends to transfer (the "<u>Offered Interest</u>"), the consideration to be paid and the name and address of the Proposed Assignee (the "<u>Third-Party Terms</u>"). The Administrative Agent shall deliver promptly a copy of the Transfer Notice to each Lender. The Transfer Notice shall constitute an offer to sell to the Lenders all of the Offered Interest upon the Third-Party Terms. Each Lender (other than the Assigning Lender) shall have a period of three days after its receipt of the Transfer Notice within which to accept such offer to purchase its Pro Rata Share (excluding the Offered Interest) of the Offered Interest upon Third-Party Terms by giving notice signed by such Lender that is delivered to the Assigning Lender (with a copy to the Administrative Agent), together with payment therefor in immediately available funds for the Offered Interest being purchased. In addition, each such Lender shall have the right to purchase its pro rata portion in accordance with their Pro Rata Share of the Commitments (as between such Lenders) of the Offered Interest not purchased by the other Lenders as provided herein. Such right shall be exercised by notice signed by such Lender and delivered to the Assigning Lender (with a copy to the Administrative Agent) within five days following receipt of the Transfer Notice with payment therefor in immediately available funds for the additional Offered Interest being purchased. If the Lenders do not purchase all of the Offered Interest, the Administrative Agent shall then have the right, but not the obligation, to purchase the remaining portion of the Offered Interest, upon the Third-Party Terms. The Administrative Agent's right shall be exercised by notice signed by the Administrative Agent and delivered to the Assigning Lender within seven days following receipt of the Transfer Notice with payment therefor in immediately available funds for the Offered Interest being purchased. Should the Lenders and/or the Administrative Agent fail to purchase all of the Offered Interest in accordance with the foregoing, then within the 45 day period after the giving of the Transfer Notice, the Assigning Lender shall have the right to transfer all, but not less than all, of the Offered Interest to the Proposed Assignee; <u>provided</u>, <u>however</u>, that any such transfer shall be at the price, upon the terms and in the manner set forth in the Transfer Notice and all payments made in contemplation of a purchase under this Section 10.05(b)(ix) are returned to the applicable Lender. If the Assigning Lender shall not so transfer the Offered Interest to the Proposed Assignee within the 45 day period, the Assigning Lender shall continue to hold the Offered Interest subject to all of the terms and conditions of this Agreement.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(x) Except in the case of an assignment to a Person that, immediately prior to such assignment, was a Lender or an Affiliate of any Lender or an assignment of all of a Lender's rights and obligations under this Agreement or if an Event of Default shall have occurred hereunder, the aggregate value of the rights being assigned to such assignee pursuant to such assignment (determined as of the date of the Assignment and Assumption with respect to such assignment) shall in no event be less than $15,000,000 and shall be in an integral multiple of $250,000.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(xi) Any Lender may at any time pledge or assign a security interest in all or any portion of its rights under this Agreement to secure obligations to a Federal Reserve Bank; <u>provided</u> 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. No Lender may otherwise pledge or assign a security interest in all or any portion of its rights under this Agreement without Borrower's prior written consent.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(xii) No delegation by Borrower hereunder or under any other Loan Document to which Borrower is a party shall be deemed to release Borrower from any obligations of Borrower hereunder or thereunder.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(xiii) No assignment or participation shall be made to any Person that was a Disqualified Institution as of the date (the "<u>Trade Date</u>") on which the assigning Lender entered into a binding agreement to sell and assign all or a portion of its rights and obligations under this Agreement to such Person (unless the Borrower has consented to such assignment or participation in writing in its sole and absolute discretion, in which case such Person will not be considered a Disqualified Institution for the purpose of such assignment, or participation). For the avoidance of doubt, with respect to any assignee that becomes a Disqualified Institution after the applicable Trade Date (including as a result of the delivery of a notice pursuant to, or the expiration of the notice period referred to in, the definition of "Disqualified Institution"), (x) such assignee shall not retroactively be disqualified from becoming a Lender and (y) the execution by the Borrower of an Assignment and Assumption with respect to such assignee will not by itself result in such assignee no longer being considered a Disqualified Institution. Any assignment or participation in violation of this clause (xiii) shall be void ab initio.

Section 10.06 <u>Survival</u>. All covenants, agreements, representations and warranties made by the Loan Parties herein and in any Loan Document or other documents delivered in connection herewith or therewith or pursuant hereto or thereto shall be considered to have been relied upon by the other parties hereto and shall survive the execution and delivery hereof and thereof and the making of the Credit Extensions hereunder, regardless of any investigation made by any such other party or on its behalf and notwithstanding that the Administrative Agent or any Lender may have had notice or knowledge of any Default or Event of Default or incorrect representation or warranty 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 and so long as the Commitments have not expired or been terminated. The provisions of Sections 2.17, Article VIII and Article X shall survive and remain in full force and effect regardless of the consummation of the transactions contemplated hereby, the payment in full of the Obligations, the expiration or termination of the Commitments or the termination of this Agreement or any provision hereof.

Section 10.07 <u>Counterparts; Integration; Effectiveness; Electronic Execution</u>.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) <u>Counterparts; Integration; Effectiveness</u>. This Agreement may be executed in counterparts (and by different parties hereto in different counterparts), each of which shall constitute an original, but all of which when taken together shall constitute a single contract. This Agreement and the other Loan Documents, and any separate letter agreements with respect to fees payable to the Agents, constitute the entire contract among the parties relating to the subject matter hereof and supersede any and all previous agreements and understandings, oral or written, relating to the subject matter hereof. Except as provided in Section 4.01, this Agreement shall become effective when it shall have been executed by the Administrative Agent and when the Administrative Agent shall have received counterparts hereof that, when taken together, bear the signatures of each of the other parties hereto. Delivery of an executed counterpart of a signature page of this Agreement by facsimile or in electronic (e.g., "pdf" or "tif") format shall be effective as delivery of a manually executed counterpart of this Agreement.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) <u>Electronic Execution of Loan Documents</u>. The words "execution," "signed," "signature," and words of like import in this Agreement and the other Loan Documents including any Assignment and Assumption shall be deemed to include electronic signatures or electronic records, 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 10.08 <u>Severability</u>. If any provision of this Agreement or the other Loan Documents is held to be illegal, invalid or unenforceable, (a) the legality, validity and enforceability of the remaining provisions of this Agreement and the other Loan Documents shall not be affected or impaired thereby and (b) the parties shall endeavor in good faith negotiations to replace the illegal, invalid or unenforceable provisions with valid provisions the economic effect of which comes as close as possible to that of the illegal, invalid or unenforceable provisions. The invalidity of a provision in a particular jurisdiction shall not invalidate or render unenforceable such provision in any other jurisdiction.

Section 10.09 <u>Right of Setoff</u>.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) If an Event of Default shall have occurred and be continuing, each Lender, the Administrative Agent and their respective Affiliates (each, a "<u>Set-off Party</u>") is hereby authorized at any time or from time to time, without presentment, demand, protest or other notice of any kind to Borrower or to any other Person, any such notice being hereby expressly waived, to set-off and to appropriate and apply any and all deposits (general or special, time or demand, provisional or final, in whatever currency) and any other indebtedness or obligations under the SOA or SSA at any time held or owing by a Set-off Party (including, but not limited to, by any of their branches and agencies wherever located) to or for the credit or the account of Borrower against and on account of the obligations and liabilities of Borrower to the Set-off Party under this Agreement or under any of the other Loan Documents, including, but not limited to, all claims of any nature or description arising out of or connected with this Agreement or any other Loan Document, irrespective of whether or not the relevant Set-off Party shall have made any demand hereunder and although said obligations, liabilities or claims, or any of them, shall be contingent or unmatured or are owed to a branch or office of such Lender or the Administrative Agent different from the branch or office holding such deposit or obligated on such indebtedness. The rights of each Set-off Party under this Section 10.09 are in addition to other rights and remedies (including other rights of setoff) that such Lender or the Administrative Agent, or their respective Affiliates may have. Each Lender agrees to notify Borrower and the Administrative Agent promptly after any such setoff and application; <u>provided</u> that the failure to give such notice shall not affect the validity of such setoff and application.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) If any Lender shall obtain at any time any payment (whether voluntary, involuntary, through the exercise of any right of set off, or otherwise), other than as a result of an assignment or participation pursuant to Section 10.05(b) (a) on account of obligations due and payable to such Lender hereunder and under any Notes at such time in excess of its Pro Rata 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 due and payable to all Lenders hereunder and under any Notes at such time) of payments on account of the obligations due and payable to all Lenders hereunder and under any Notes at such time obtained by all the Lenders at such time or (b) on account of obligations owing (but not due and payable) to such Lender hereunder and under any Notes at such time in excess of its Pro Rata Share (according to the proportion of (i) the amount of such obligations owing to such Lender at such time to (ii) the aggregate amount of the obligations owing (but not due and payable) to all the Lenders hereunder and under any Notes at such time) of payments on account of the obligations owing (but not due and payable) to all the Lenders hereunder and under any Notes at such time obtained by all of the Lenders at such time, such Lender shall forthwith purchase from the other Lenders such interests or participating interests in the obligations due and payable or owing to them, as the case may be, as shall be necessary to cause such purchasing Lender to share the excess payment ratably with each of them; <u>provided</u>, <u>however</u>, that if all or any portion of such excess payment is thereafter recovered from such purchasing Lender, such purchase from each other Lender shall be rescinded and such other Lender shall repay to the purchasing Lender the purchase price to the extent of such Lender's Pro Rata Share (according to the proportion of (i) the purchase price paid to such Lender to (ii) the aggregate purchase price paid to all of the Lenders) of such recovery together with an amount equal to such Lender's Pro Rata Share (according to the proportion of (i) the amount of such other Lender's required repayment to (ii) the total amount so recovered from the purchasing Lender) of any interest or other amount paid or payable by the purchasing Lender in respect of the total amount so recovered. If any Lender who so obtains any payment in excess of its Pro Rata Share fails to purchase from the other Lenders such interests or participating interests in the obligations due and payable or owing to them, as the case may be, as shall be necessary to cause such purchasing Lender to share the excess payment ratably with each of them, the Administrative Agent shall forthwith have the power to deduct the amount of such payments from any obligations due and payable to such Lender or from obligations owing (but not due and payable) to such Lender hereunder and under any Notes at such time and from time to time thereafter and shall distribute such amounts to the other Lenders as shall be necessary to, in effect, result in such Lender having shared the excess payment ratably with each of the other Lenders. Borrower agrees that any Lender so purchasing an interest or participating interest from another Lender pursuant to this Section 10.09(b) may, to the fullest extent permitted by law, exercise all its rights of payment (including the right of set-off) with respect to such interest or participating interest, as the case may be, as fully as if such Lender were the direct creditor of Borrower in the amount of such interest or participating interest, as the case may be.

Section 10.10 <u>Governing Law; Jurisdiction; Etc</u>.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) <u>Governing Law</u>. This Agreement and the other Loan Documents 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, without giving effect to its conflict of laws provisions other than Section 5-1401 of the New York General Obligations Law.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) <u>Jurisdiction</u>. Each party hereto irrevocably and unconditionally submits, for itself and its property, to the nonexclusive jurisdiction of the courts of the State of New York sitting in the borough of Manhattan in New York City and of the United States District Court located in the borough of Manhattan in New York City, and any appellate court from any thereof, in any action or proceeding arising out of or relating to this Agreement or any other Loan Document, or for recognition or enforcement of any judgment, and each of the parties hereto irrevocably and unconditionally agrees that all claims in respect of any such action or proceeding may be heard and determined in such New York State court sitting in the borough of Manhattan in New York City or, to the fullest extent permitted by Applicable Law, in such United States District court located in the borough of Manhattan in New York City. Each of the parties hereto agrees that a final judgment in any such action or proceeding shall be conclusive and may be enforced in other jurisdictions by suit on the judgment or in any other manner provided by law. Nothing in this Agreement or in any other Loan Document shall affect any right that any Agent or any Lender may otherwise have to bring any action or proceeding relating to this Agreement or any other Loan Document against any Loan Party or the Collateral or any other properties of any Loan Party in the courts of any jurisdiction, nor shall the taking of proceedings by any Agent or Lender before the courts in one or more jurisdictions preclude the taking of proceedings in any other jurisdiction whether concurrently or not.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) <u>Waiver of Venue</u>. Each party hereto 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. 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.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(d) <u>Service of Process</u>. Each party hereto irrevocably consents to service of process in the manner provided for notices in <u>Section 10.01</u>. Nothing in this Agreement will affect the right of any party hereto to serve process in any other manner permitted by Applicable Law.

Section 10.11 <u>WAIVER OF JURY TRIAL</u>. EACH PARTY HERETO HEREBY IRREVOCABLY WAIVES, TO THE FULLEST EXTENT PERMITTED BY APPLICABLE LAW, ANY RIGHT IT MAY HAVE TO A TRIAL BY JURY IN ANY LEGAL PROCEEDING DIRECTLY OR INDIRECTLY ARISING OUT OF OR RELATING TO THIS AGREEMENT OR ANY OTHER LOAN DOCUMENT OR THE TRANSACTIONS CONTEMPLATED HEREBY OR THEREBY (WHETHER BASED ON CONTRACT, TORT OR ANY OTHER THEORY). EACH PARTY HERETO (A) CERTIFIES THAT NO REPRESENTATIVE, AGENT OR ATTORNEY OF ANY OTHER PERSON HAS REPRESENTED, EXPRESSLY OR OTHERWISE, THAT SUCH OTHER PERSON WOULD NOT, IN THE EVENT OF LITIGATION, SEEK TO ENFORCE THE FOREGOING WAIVER 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.

Section 10.12 <u>Headings</u>. Article and Section headings and the **Table of Contents** used herein are for convenience of reference only, are not part of this Agreement and shall not affect the construction of, or be taken into consideration in interpreting, this Agreement.

Section 10.13 <u>Treatment of Certain Information; Confidentiality</u>. Each of the Agents and the Lenders agree to maintain the confidentiality of the Information (as defined below), except that Information may be disclosed (a) to each of its Affiliates and to its and its Affiliates' respective partners, directors, officers, employees, agents, advisors and other representatives who need to know such confidential Information in relation to the transactions contemplated by this Agreement (it being understood that the Persons to whom such disclosure is made will be informed of the confidential nature of such confidential Information and instructed to keep such confidential Information confidential), (b) to the extent required or requested by any regulatory authority purporting to have jurisdiction over it (including any self-regulatory authority), (c) to the extent required by Applicable Law or regulations or by any subpoena or similar legal process, (d) to any other party hereto, (e) in connection with the exercise of any remedies hereunder or under any other Loan Document or any action or proceeding relating to this Agreement or any other Loan Document or the enforcement of rights hereunder or thereunder, (f) subject to an agreement containing provisions substantially the same as (or no less restrictive than) those of this <u>Section 10.13</u>, to (i) any assignee of or participant in, or any prospective assignee of or participant in, any of its rights or obligations under this Agreement or (ii) any actual or prospective counterparty (or its Related Parties) to any swap or derivative transaction relating to Borrower and its obligations, (g) with the consent of Borrower or (h) to the extent such confidential Information (i) becomes publicly available other than as a result of a breach of this Section, (ii) becomes available to the Administrative Agent or any Lender or any of their respective Affiliates on a nonconfidential basis from a source other than Borrower who did not acquire such information as a result of a breach of this Section or (iii) is independently discovered or developed by a party hereto without utilizing any confidential Information received from the Borrower or violating the terms of this Section. In addition, the Agents and the Lenders may disclose the existence of this Agreement and information about this Agreement to market data collectors, similar service providers to the lending industry and service providers to the Agents or any Lender in connection with the administration of this Agreement, the other Loan Documents and the Commitments.

For purposes of this Section, "<u>Information</u>" means all information received from the Borrower or any of its Subsidiaries relating to the Borrower or any of its Subsidiaries or any of their respective businesses, other than any such information that is available to the Administrative Agent or any Lender on a nonconfidential basis prior to disclosure by the Borrower or any of its Subsidiaries. Any Person required to maintain the confidentiality of Information as provided in this Section shall be considered to have complied with its obligation to do so if such Person has exercised the same degree of care to maintain the confidentiality of such Information as such Person would accord to its own confidential information.

Section 10.14 <u>PATRIOT Act</u>. Each Lender that is subject to the Act (as hereinafter defined) and each Agent (for itself and not on behalf of any Lender) hereby notifies Borrower that pursuant to the requirements of the USA PATRIOT Act (Title III of Pub. L. 107-56 (signed into law October 26, 2001)) (the "<u>Act</u>"), it is required to obtain, verify and record information that identifies Borrower, which information includes the name and address of Borrower and other information that will allow such Lender or Administrative Agent, as applicable, to identify Borrower in accordance with the Act. Borrower agrees to promptly provide any Lender or Agent with all of the information requested by such Person to the extent such Person deems such information reasonably necessary to identify Borrower in accordance with the Act. Each Borrower will, promptly following a request by any Agent or any Lender, provide all documentation and other information that 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 and the Beneficial Ownership Regulation.

Section 10.15 <u>Interest Rate Limitation</u>. Notwithstanding anything herein to the contrary, if at any time the interest rate applicable to any Loan or other Obligation owing under this Agreement, together with all fees, charges and other amounts that are treated as interest on such Loan or other Obligation under Applicable Law (collectively, "<u>charges</u>"), shall exceed the maximum lawful rate (the "<u>Maximum Rate</u>") that may be contracted for, charged, taken, received or reserved by the Lender or other Person holding such Loan or other Obligation in accordance with Applicable Law, the rate of interest payable in respect of such Loan or other Obligation hereunder, together with all charges payable in respect thereof, shall be limited to the Maximum Rate. To the extent lawful, the interest and charges that would have been paid in respect of such Loan or other Obligation but were not paid as a result of the operation of this Section shall be cumulated and the interest and charges payable to such Lender or other Person in respect of other Loans or Obligations or periods shall be increased (but not above the amount collectible at the Maximum Rate therefor) until such cumulated amount, together with interest thereon at the Federal Funds Rate for each day to the date of repayment, shall have been received by such Lender or other Person. Any amount collected by such Lender or other Person that exceeds the maximum amount collectible at the Maximum Rate shall be applied to the reduction of the principal balance of such Loan or other Obligation or refunded to the Borrower so that at no time shall the interest and charges paid or payable in respect of such Loan or other Obligation exceed the maximum amount collectible at the Maximum Rate.

Section 10.16 <u>Judgment Currency</u>. If a judgment, order or award is rendered by any court or tribunal for the payment of any amounts owing to any Lender or the Administrative Agent under this Agreement or any other Loan Document or for the payment of damages in respect of a judgment or order of another court or tribunal for the payment of such amount or damages, such judgment, order or award being expressed in a currency (the "<u>Judgment Currency</u>") other than Dollars, Borrower agrees (a) that its obligations in respect of any such amounts owing shall be discharged only to the extent that on the Business Day following such Lender's or the Administrative Agent's receipt of any sum adjudged in the Judgment Currency, Lender or the Administrative Agent, as applicable, may purchase Dollars with the Judgment Currency and (b) to indemnify and hold harmless such Lender or the Administrative Agent against any deficiency in terms of Dollars in the amounts actually received by Lender following any such purchase (after deduction of any premiums and costs of exchange payable in connection with the purchase of, or conversion into, Dollars). The indemnity set forth in the preceding sentence shall (notwithstanding any judgment referred to in the preceding sentence) constitute an obligation of Borrower separate and independent from its other obligations hereunder, shall apply irrespective of any indulgence granted by Lender or the Administrative Agent, and shall survive the termination of this Agreement.

Section 10.17 <u>Payments Set Aside</u>. To the extent that any payment by or on behalf of the Borrower is made to the Administrative Agent or any Lender, or the Administrative Agent 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 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 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.

Section 10.18 <u>No Fiduciary Relationship</u>. Each Loan Party acknowledges that neither any Agent nor any Lender has a fiduciary relationship with, or fiduciary duty to, any Loan Party arising out of or in connection with this Agreement or any Loan Document, and the relationship between each Lender and such Loan Party is solely that of creditor and debtor.

Section 10.19 <u>Acknowledgement and Consent to Bail-In of Affected Financial Institutions</u>. Notwithstanding anything to the contrary in any Loan Document or in any other agreement, arrangement or understanding among any such parties, each party hereto acknowledges that any liability of any Affected Financial Institution arising under any Loan Document, to the extent such liability is unsecured, may be subject to the write-down and conversion powers of the applicable Resolution Authority and agrees and consents to, and acknowledges and agrees to be bound by:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) the application of any Write-Down and Conversion Powers by the applicable Resolution Authority to any such liabilities arising hereunder that may be payable to it by any party hereto that is an Affected Financial Institution; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) the effects of any Bail-In Action on any such liability, including, if applicable:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i) a reduction in full or in part or cancellation of any such liability;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(ii) a conversion of all, or a portion of, such liability into shares or other instruments of ownership in such Affected Financial Institution, its parent undertaking, or a bridge institution that may be issued to it or otherwise conferred on it, and that such shares or other instruments of ownership will be accepted by it in lieu of any rights with respect to any such liability under this Agreement or any other Loan Document; or

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(iii) the variation of the terms of such liability in connection with the exercise of the write-down and conversion powers of the applicable Resolution Authority.

Section 10.20 <u>Acknowledgement Regarding Any Supported QFCs</u>. To the extent that the Loan Documents provide support, through a guarantee or otherwise, for any other agreement or instrument that is a QFC (such support, "<u>QFC Credit Support</u>" and each such QFC a "<u>Supported QFC</u>"), the parties acknowledge and agree as follows with respect to the resolution power of the Federal Deposit Insurance Corporation under the Federal Deposit Insurance Act and Title II of the Dodd-Frank Wall Street Reform and Consumer Protection Act (together with the regulations promulgated thereunder, the "<u>U.S. Special Resolution Regimes</u>") in respect of such Supported QFC and QFC Credit Support (with the provisions below applicable notwithstanding that the Loan Documents and any Supported QFC may in fact be stated to be governed by the laws of the State of New York or of the United States or any other state of the United States):

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) In the event a Covered Entity that is party to a Supported QFC (each, a "<u>Covered Party</u>") becomes subject to a proceeding under a U.S. Special Resolution Regime, the transfer of such Supported QFC and the benefit of such QFC Credit Support (and any interest and obligation in or under such Supported QFC and such QFC Credit Support, and any rights in property securing such Supported QFC or such QFC Credit Support) from such Covered Party will be effective to the same extent as the transfer would be effective under the U.S. Special Resolution Regime if the Supported QFC and such QFC Credit Support (and any such interest, obligation and rights in property) were governed by the laws of the United States or a state of the United States. In the event a Covered Party or a BHC Act Affiliate of a Covered Party becomes subject to a proceeding under a U.S. Special Resolution Regime, Default Rights under the Loan Documents that might otherwise apply to such Supported QFC or any QFC Credit Support that may be exercised against such Covered Party are permitted to be exercised to no greater extent than such Default Rights could be exercised under the U.S. Special Resolution Regime if the Supported QFC and the Loan Documents were governed by the laws of the United States or a state of the United States.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) As used in this Section 10.20, the following terms have the following meanings:

"<u>BHC Act Affiliate</u>" of a party means an "affiliate" (as such term is defined under, and interpreted in accordance with, 12 U.S.C. 1841(k)) of such party.

"<u>Covered Entity</u>" means any of the following:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i) a "covered entity" as that term is defined in, and interpreted in accordance with, 12 C.F.R. § 252.82(b)

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(ii) a "covered bank" as that term is defined in, and interpreted in accordance with, 12 C.F.R. § 47.3(b); or

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(iii) a "covered FSI" as that term is defined in, and interpreted in accordance with, 12 C.F.R. § 382.2(b).

"<u>Default Right</u>" has the meaning assigned to that term in, and shall be interpreted in accordance with, 12 C.F.R. §§ 252.81, 47.2 or 382.1, as applicable.

"<u>QFC</u>" has the meaning assigned to the term "qualified financial contract" in, and shall be interpreted in accordance with, 12 U.S.C. 5390(c)(8)(D).

(*Signature pages follow.*)

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

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| | | |
|:---|:---|:---|
| **<u>BORROWER:</u>** | **<u>BORROWER:</u>** | **<u>BORROWER:</u>** |
| CENTRAL VALLEY RENEWABLE FUELS, LLC | CENTRAL VALLEY RENEWABLE FUELS, LLC | CENTRAL VALLEY RENEWABLE FUELS, LLC |
| By: | /s/ Noah Verleun | /s/ Noah Verleun |
|  | Name: | Noah Verleun  |
|  | Title: | Chief Executive Officer & President |
| **<u>GUARANTORS:</u>** | **<u>GUARANTORS:</u>** | **<u>GUARANTORS:</u>** |
| AGRIBODY TECHNOLOGIES, LLC | AGRIBODY TECHNOLOGIES, LLC | AGRIBODY TECHNOLOGIES, LLC |
| CVRF HCB, LLC | CVRF HCB, LLC | CVRF HCB, LLC |
| GRAPEVINE INTERNATIONAL DEVELOPMENT, LLC | GRAPEVINE INTERNATIONAL DEVELOPMENT, LLC | GRAPEVINE INTERNATIONAL DEVELOPMENT, LLC |
| GRAPEVINE OPERATING COMPANY, LLC | GRAPEVINE OPERATING COMPANY, LLC | GRAPEVINE OPERATING COMPANY, LLC |
| GRAPEVINE ACQUISITION, LLC | GRAPEVINE ACQUISITION, LLC | GRAPEVINE ACQUISITION, LLC |
| GRAPEVINE ENERGY VENTURES, LLC | GRAPEVINE ENERGY VENTURES, LLC | GRAPEVINE ENERGY VENTURES, LLC |
| GRAPEVINE ENERGY TEXAS, LLC | GRAPEVINE ENERGY TEXAS, LLC | GRAPEVINE ENERGY TEXAS, LLC |
| GRAPEVINE ENERGY HOLDINGS BORROWER, LLC | GRAPEVINE ENERGY HOLDINGS BORROWER, LLC | GRAPEVINE ENERGY HOLDINGS BORROWER, LLC |
| GRAPEVINE ENERGY HOLDINGS PLEDGOR, LLC | GRAPEVINE ENERGY HOLDINGS PLEDGOR, LLC | GRAPEVINE ENERGY HOLDINGS PLEDGOR, LLC |
| SUSTAINABLE OILS, LLC | SUSTAINABLE OILS, LLC | SUSTAINABLE OILS, LLC |
| By: | /s/ Noah Verleun | /s/ Noah Verleun |
|  | Name: | Noah Verleun |
|  | Title: | Chief Executive Officer & President |

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[Signature Page to Credit Agreement]

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| | | |
|:---|:---|:---|
| **<u>AGENTS AND LENDERS</u>**: | **<u>AGENTS AND LENDERS</u>**: | **<u>AGENTS AND LENDERS</u>**: |
| VITOL AMERICAS CORP., | VITOL AMERICAS CORP., | VITOL AMERICAS CORP., |
|  | as Administrative Agent and Collateral Agent | as Administrative Agent and Collateral Agent |
| By: | /s/ Richard J. Evans | /s/ Richard J. Evans |
|  | Name: | Richard J. Evans |
|  | Title: | Senior Vice President and CFO |
| VITOL AMERICAS CORP., | VITOL AMERICAS CORP., | VITOL AMERICAS CORP., |
|  | as a Lender | as a Lender |
| By: | /s/ Richard J. Evans | /s/ Richard J. Evans |
|  | Name: | Richard J. Evans |
|  | Title: | Senior Vice President and CFO |

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[Signature Page to Credit Agreement]

## Exhibit 4.3

**Exhibit 4.3**

***Execution Version***

NEW SUPER SENIOR EXIT TERM CREDIT AGREEMENT

dated as of

August 11, 2025

among

GRAPEVINE ENERGY HOLDINGS, LLC,<br> as Holdco Borrower,

THE NEW SUPER SENIOR EXIT TERM LENDERS FROM TIME TO TIME PARTY HERETO,

and

Orion Energy Partners TP Agent, LLC,<br> as Holdco Term Loan Administrative Agent

**Table of Contents**

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| | | |
|:---|:---|:---|
| | | **Page** |
| Article I DEFINITIONS | Article I DEFINITIONS | 1 |
| Section 1.01 | Defined Terms | 1 |
| Section 1.02 | Terms Generally | 4 |
| Section 1.03 | Accounting Terms | 4 |
| Section 1.04 | Divisions | 4 |
| Article II THE CREDITS | Article II THE CREDITS | 4 |
| Section 2.01 | New Super Senior Exit Term Facility | 4 |
| Section 2.02 | Funding of the New Super Senior Exit Term Loans | 5 |
| Section 2.03 | Termination and Reduction of the Commitments | 5 |
| Section 2.04 | Evidence of Debt | 5 |
| Section 2.05 | Fees | 6 |
| Section 2.06 | Increased Costs | 6 |
| Section 2.07 | Taxes | 8 |
| Section 2.08 | Change of Lending Office | 10 |
| Section 2.09 | Acknowledgement and Consent to Bail-In of EEA Financial Institutions | 10 |
| Section 2.10 | Pro Rata Treatment | 11 |
| Section 2.11 | Incorporation by Reference | 11 |
| Article III REPRESENTATIONS AND WARRANTIES | Article III REPRESENTATIONS AND WARRANTIES | 11 |
| Section 3.01 | Incorporation of Common Terms and Term Intercreditor Agreement | 11 |
| Article IV CONDITIONS | Article IV CONDITIONS | 11 |
| Section 4.01 | Conditions to Closing Date | 11 |
| Section 4.02 | Conditions to Each Funding Date | 12 |
| Article V COVENANTS | Article V COVENANTS | 12 |
| Section 5.01 | Covenants | 12 |
| Article VI EVENTS OF DEFAULT | Article VI EVENTS OF DEFAULT | 12 |
| Section 6.01 | Events of Default | 12 |
| Article VII THE AGENTS | Article VII THE AGENTS | 12 |
| Section 7.01 | Appointment and Authorization of the Holdco Term Loan Administrative Agent | 12 |
| Section 7.02 | Rights as a New Super Senior Exit Term Lender | 13 |
| Section 7.03 | Duties of Agent; Exculpatory Provisions | 13 |
| Section 7.04 | Reliance by Holdco Term Loan Administrative Agent | 14 |
| Section 7.05 | Delegation of Duties | 14 |
| Section 7.06 | Withholding of Taxes by the Holdco Term Loan Administrative Agent; Indemnification | 14 |
| Section 7.07 | Resignation of Holdco Term Loan Administrative Agent | 15 |
| Section 7.08 | Non-Reliance on Holdco Term Loan Administrative Agent or Other New Super Senior Exit Term Lenders | 15 |
| Section 7.09 | No Other Duties; Etc | 15 |
| Section 7.10 | Certain ERISA Matters | 16 |
| Article VIII MISCELLANEOUS | Article VIII MISCELLANEOUS | 17 |
| Section 8.01 | Incorporation by Reference | 17 |
| Section 8.02 | Successors and Assigns | 17 |
| Section 8.03 | Amendments. | 22 |
| Section 8.04 | Common Terms and Term Intercreditor Agreement | 22 |
| Section 8.05 | Exit Funding Issue Minimum MOIC | 22 |

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-i-

**Table of Contents**

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| | | |
|:---|:---|:---|
|  |  | **Page** |
| Exhibit A | Form of Assignment and Assumption |  |
| Exhibit B | Form of Note |  |
| Exhibit C | Form of Borrowing Request |  |
| Annex I | New Super Senior Exit Term Loans |  |
| Annex II | Lending Offices |  |

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-ii-

This NEW SUPER SENIOR EXIT TERM CREDIT AGREEMENT (this "<u>Agreement</u>") is dated as of August 11, 2025, among GRAPEVINE ENERGY HOLDINGS, LLC, a Delaware limited liability company ("<u>Holdco Borrower</u>"), each NEW SUPER SENIOR EXIT TERM LENDER party hereto (collectively, the "<u>New Super Senior Exit Term Lenders</u>" and individually, a "<u>New Super Senior Exit Term Lender</u>") and Orion Energy Partners TP Agent, LLC, as the Holdco Term Loan Administrative Agent (as defined in the Common Terms and Term Intercreditor Agreement (as defined below)).

WHEREAS, Holdco Borrower and certain of its Affiliates (collectively, the "<u>Debtors</u>") commenced voluntary cases (the "<u>Chapter 11 Cases</u>") under chapter 11 of the Bankruptcy Code in the Bankruptcy Court (as defined in the Common Terms and Term Intercreditor Agreement) on April 17, 2025, and the Debtors continue to operate their businesses and manage their properties as debtors-in-possession pursuant to sections 1107 and 1108 of the Bankruptcy Code.

WHEREAS, on July 3, 2025, the Debtors filed the Second Amended Plan of Reorganization of Global Clean Energy Holdings, Inc. and its Debtor Affiliates Under Chapter 11 of the Bankruptcy Code, dated July 3, 2025 (Docket No. 301) (together with all schedules, documents and exhibits contained therein, as may be further amended, supplemented or modified from time to time, the "<u>Approved Plan</u>").

WHEREAS, on July 28, 2025, the Bankruptcy Court entered an order confirming the Approved Plan (the "<u>Confirmation Order</u>").

WHEREAS, Holdco Borrower is entering into this Agreement and each other Holdco Term Financing Document (as defined in the Common Terms and Term Intercreditor Agreement) on the Closing Date to finance the business of the Holdco Borrower and its Subsidiaries.

WHEREAS, the New Super Senior Exit Term Lenders are willing to provide the credit facility described herein upon the terms and subject to the conditions set forth herein and in the other Holdco Term Financing Documents.

NOW, THEREFORE, the parties hereto agree as follows:

Article I<br>DEFINITIONS

Section 1.01 <u>Defined Terms</u>. Capitalized terms used herein shall have the meanings provided in the Section 1.01 (*Certain Defined Terms*) of the Common Terms and Term Intercreditor Agreement. In addition, the following terms shall have the meanings specified below:

"<u>Approved Plan</u>" has the meaning specified in the recitals hereto.

"<u>Assignment and Assumption</u>" means an assignment and assumption entered into by a New Super Senior Exit Term Lender and an assignee (with the consent of any party whose consent is required by <u>Section 8.04</u>), in the form of <u>Exhibit A</u> or any other form approved by the Holdco Term Loan Administrative Agent.

"<u>Availability Period</u>" means the period from the Closing Date to and including the earlier of (x) the then-applicable Maturity Date and (y) December 31, 2026.

"<u>Bail-In Action</u>" means the exercise of any Write-Down and Conversion Powers by the applicable EEA Resolution Authority in respect of any liability of an EEA Financial Institution.

"<u>Borrowing Request</u>" means a request by Holdco Borrower for a New Super Senior Exit Term Loan in accordance with <u>Section 2.01</u> and substantially in the form of <u>Exhibit J</u>.

"<u>Chapter 11 Cases</u>" has the meaning specified in the recitals hereto.

"<u>Closing Date</u>" means the first date on which all conditions precedent specified in Section 4.01 (*Conditions to Closing Date*) of the Common Terms and Term Intercreditor Agreement are satisfied (or waived in accordance with Section 10.02 (*Waivers; Amendments*) of the Common Terms and Term Intercreditor Agreement).

"<u>Commitment Termination Date</u>" means the earliest of (a) the applicable Maturity Date, (b) the end of the Availability Period and (c) the date on which the New Super Senior Exit Term Commitment is terminated in full or permanently reduced to zero pursuant to the terms of this Agreement or the Common Terms and Term Intercreditor Agreement.

"<u>Common Terms and Term Intercreditor Agreement</u>" means the Common Terms and Term Intercreditor Agreement, dated as of the Closing Date, by and among Holdco Borrower, the Holdco Term Loan Administrative Agent, the Holdco Term Collateral Agent and CTCI.

"<u>Confirmation Order</u>" has the meaning specified in the recitals hereto.

"<u>CTCI</u>" means CTCI Americas, Inc., a Texas corporation.

"<u>Debtors</u>" has the meaning specified in the recitals hereto.

"<u>FATCA</u>" has the meaning assigned to such term in <u>Section 2.07(c)</u>.

"<u>Funding Date</u>" has the meaning assigned to such term in <u>Section 2.01(c)</u>.

"<u>Funding Office</u>" means the office specified from time to time by the Holdco Term Loan Administrative Agent as its funding office by notice to Holdco Borrower and the New Super Senior Exit Term Lenders.

"<u>Holdco Borrower</u>" has the meaning specified in the introductory paragraph hereto.

"<u>Holdco Term Loan Administrative Agent</u>" has the meaning specified in the introductory paragraph hereto.

"<u>Lending Office</u>" means the office designated as such beneath the name of a New Super Senior Exit Term Lender set forth on <u>Annex II</u> of this Agreement or such other office of such New Super Senior Exit Term Lender as such New Super Senior Exit Term Lender may specify in writing from time to time to the Holdco Term Administrative Agent and Holdco Borrower.

"<u>New Super Senior Exit Term Commitment</u>" means, with respect to each New Super Senior Exit Term Lender, the commitment of such New Super Senior Exit Term Lender to make New Super Senior Exit Term Loans to the Holdco Borrower pursuant to <u>Section 2.01</u>, in an aggregate principal amount not to exceed the amount set forth opposite such New Super Senior Exit Term Lender's name on <u>Annex I</u> under the heading "New Super Senior Exit Term Commitment."

"<u>New Super Senior Exit Term Facility</u>" means the credit facility with respect to the New Super Senior Exit Term Loans.

"<u>New Super Senior Exit Term Lender</u>" has the meaning specified in the recitals hereto.

"<u>New Super Senior Exit Term Loan</u>" has the meaning assigned to such term in <u>Section 2.01(a)</u>.

"<u>Note</u>" means a promissory note substantially in the form of <u>Exhibit B</u>.

"<u>Participant</u>" has the meaning assigned to such term in <u>Section 8.02(f)</u>.

"<u>Participant Register</u>" has the meaning assigned to such term in <u>Section 8.02(f)</u>.

"<u>Register</u>" has the meaning assigned to such term in <u>Section 8.02(c)</u>.

"<u>Related Fund</u>" means with respect to any New Super Senior Exit Term Lender, any fund that is managed or advised by the same investment advisor as such New Super Senior Exit Term Lender, by such New Super Senior Exit Term Lender or an Affiliate of such New Super Senior Exit Term Lender.

"<u>Required New Super Senior Exit Term Lenders</u>" means, at any time, New Super Senior Exit Term Lenders having aggregate New Super Senior Exit Term Commitments (or, if the New Super Senior Exit Term Commitments are terminated, holding New Super Senior Exit Term Loans) representing fifty percent (50%) or more of the sum of the total New Super Senior Exit Term Commitments (or, if the New Super Senior Exit Term Commitments are terminated, aggregate outstanding principal amount of New Super Senior Exit Term Loans) at such time; <u>provided</u> that, for the avoidance of doubt, the term "New Super Senior Exit Term Commitments" as used in this definition refers to the New Super Senior Exit Term Lenders' aggregate New Super Senior Exit Term Commitments, whether drawn or undrawn, as of the applicable date of determination.

"<u>U.S. Tax Compliance Certificate</u>" has the meaning specified in <u>Section 2.07(b)(ii)(B)(III)</u>.

"<u>Write-Down and Conversion Powers</u>" means, with respect to any EEA Resolution Authority, the write-down and conversion powers of such EEA Resolution Authority from time to time under the Bail-In Legislation for the applicable EEA Member Country, which write-down and conversion powers are described in the EU Bail-In Legislation Schedule.

Section 1.02 <u>Terms Generally</u>. Unless otherwise provided herein, this Agreement shall be governed by the principles of interpretation provided in Section 1.02 (*Terms Generally*) of the Common Terms and Term Intercreditor Agreement, *mutatis mutandis*.

Section 1.03 <u>Accounting Terms</u>. Except as otherwise expressly provided herein, all terms of an accounting or financial nature shall be construed in accordance with GAAP. If Holdco Borrower notifies the Holdco Term Loan Administrative Agent that Holdco Borrower wishes to amend any provision hereof to eliminate the effect of any change occurring after the date hereof in GAAP or in the application thereof on the operation of such provision, regardless of whether any such notice is given before or after such change in GAAP or in the application thereof, then Holdco Borrower's compliance with such provision shall be determined on the basis of GAAP as in effect and applied immediately before such change shall have become effective until such notice shall have been withdrawn or such provision amended in a manner satisfactory to Holdco Borrower and the Holdco Term Loan Administrative Agent.

Section 1.04 <u>Divisions</u>. Any reference herein or in any other Holdco Term Financing Document to a merger, transfer, consolidation, amalgamation, assignment, sale, disposition or transfer, or similar term, shall be deemed to apply to a division of or by a Person, or an allocation of assets to a series of a Person (or the unwinding of such a division or allocation), as if it were a merger, transfer, consolidation, amalgamation, assignment, sale or transfer or similar term, as applicable to, of or with a separate Person. Any division of a limited liability company shall constitute a separate Person hereunder and under any other Holdco Term Financing Document (and each division of any limited liability company that is a Subsidiary, Affiliate, joint venture or any other like term shall also constitute such a separate Person or entity hereunder or any other Holdco Term Financing Document).

Article II<br>THE CREDITS

Section 2.01 <u>New Super Senior Exit Term Facility</u>.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) <u>New Super Senior Exit Term Loan</u>. Subject to the terms and conditions set forth in this Agreement and the Common Terms and Term Intercreditor Agreement and in reliance upon the representations and warranties of the Company Parties set forth in the Common Terms and Term Intercreditor Agreement, each New Super Senior Exit Term Lender severally, but not jointly, agrees to advance to Holdco Borrower from time to time during the Availability Period such loans as Holdco Borrower may request pursuant to this <u>Section 2.01</u> (individually, a "<u>New Super Senior Exit Term Loan</u>" and, collectively, the "<u>New Super Senior Exit Term Loans</u>") in an aggregate principal amount which, when added to the aggregate principal amount of all prior New Super Senior Exit Term Loans made by such New Super Senior Exit Term Lender under this Agreement, does not exceed such New Super Senior Exit Term Lender's New Super Senior Exit Term Commitment.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) <u>No Reborrowing</u>. Amounts prepaid or repaid in respect of any New Super Senior Exit Term Loan may not be reborrowed.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) <u>Notice of Loan Borrowing</u>. To request a borrowing of New Super Senior Exit Term Loans, Holdco Borrower shall deliver to the Holdco Term Loan Administrative Agent and the New Super Senior Exit Term Lenders, on a Business Day, a Borrowing Request. The date of the proposed borrowing (each such date, subject to the immediately succeeding sentence below, a "<u>Funding Date</u>") specified in a Borrowing Request shall be no earlier than thirteen (13) Business Days after the delivery of such Borrowing Request; <u>provided</u> that the Holdco Borrower shall be permitted to deliver a Borrowing Request with respect to New Super Senior Exit Term Loans to be funded on the Closing Date no later than three (3) Business Days prior to the Closing Date.

Each Borrowing Request shall specify the amount to be borrowed and the proposed Funding Date (which shall be a Business Day). Upon receipt of such Borrowing Request, the Holdco Term Loan Administrative Agent shall promptly notify each New Super Senior Exit Term Lender thereof.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(d) <u>Notice by the Holdco Term Loan Administrative Agent to the New Super Senior Exit Term Lenders</u>. Promptly following receipt of a Borrowing Request in accordance with this <u>Section 2.01</u>, the Holdco Term Loan Administrative Agent shall advise each New Super Senior Exit Term Lender of the details thereof and of the amount of such New Super Senior Exit Term Lender's New Super Senior Exit Term Loan requested to be made as part of the New Super Senior Exit Term Loan.

Section 2.02 <u>Funding of the New Super Senior Exit Term Loans</u>. Subject to the satisfaction or waiver of the conditions set forth in <u>Section 4.01</u> and <u>Section 4.02</u>, each New Super Senior Exit Term Lender shall, no later than 12:00 Noon, New York City time, on the Funding Date specified in the respective Borrowing Request or pursuant to <u>Section 2.01(a)</u>, make available to the Holdco Term Loan Administrative Agent at the Funding Office an amount in Dollars and in immediately available funds equal to the New Super Senior Exit Term Loan to be made by such New Super Senior Exit Term Lender. Holdco Term Loan Administrative Agent shall make available to Holdco Borrower the aggregate of the amounts made available to Holdco Term Loan Administrative Agent by the New Super Senior Exit Term Lenders, in like funds as received by the Holdco Term Loan Administrative Agent.

Section 2.03 <u>Termination and Reduction of the Commitments</u>. On the Commitment Termination Date, the New Super Senior Exit Term Commitments shall automatically and without notice be reduced to zero.

Section 2.04 <u>Evidence of Debt</u>.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) Each New Super Senior Exit Term Lender may maintain in accordance with its usual practice an account or accounts evidencing the Indebtedness of Holdco Borrower to such New Super Senior Exit Term Lender resulting from the New Super Senior Exit Term Loan made by such New Super Senior Exit Term Lender, including the amounts of principal and interest payable and paid to such New Super Senior Exit Term Lender from time to time hereunder. In the case of a New Super Senior Exit Term Lender that does not request execution and delivery of a Note evidencing the New Super Senior Exit Term Loan made by such New Super Senior Exit Term Lender to Holdco Borrower, such account or accounts shall, to the extent not inconsistent with the notations made by the Holdco Term Loan Administrative Agent in the Register, be conclusive and binding on Holdco Borrower absent manifest error; <u>provided</u> that the failure of any New Super Senior Exit Term Lender to maintain such account or accounts or any error in any such account shall not limit or otherwise affect any obligations of Holdco Borrower.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) Holdco Borrower agrees that, upon the request to the Holdco Term Loan Administrative Agent by any New Super Senior Exit Term Lender, Holdco Borrower will execute and deliver to such New Super Senior Exit Term Lender, as applicable, a Note payable to such New Super Senior Exit Term Lender in an amount equal to such New Super Senior Exit Term Lender's New Super Senior Exit Term Loan evidencing the New Super Senior Exit Term Loan made by such New Super Senior Exit Term Lender. Holdco Borrower hereby irrevocably authorizes each New Super Senior Exit Term Lender to make (or cause to be made) appropriate notations on the grid attached to such New Super Senior Exit Term Lender's Notes (or on any continuation of such grid), which notations, if made, shall evidence, inter alia, the date of, the outstanding principal amount of, and the interest rate applicable to the New Super Senior Exit Term Loan evidenced thereby. Such notations shall, to the extent not inconsistent with the notations made by the Holdco Term Loan Administrative Agent in the Register, be conclusive and binding on Holdco Borrower absent manifest error; <u>provided</u> that the failure of any New Super Senior Exit Term Lender to make any such notations or any error in any such notations shall not limit or otherwise affect any obligations of Holdco Borrower. A Note and the obligation evidenced thereby may be assigned or otherwise transferred in whole or in part only in accordance with <u>Section 8.02(b)</u>.

Section 2.05 <u>Fees</u>. Subject to Section 9.08 (*Obligation Payment Waterfall*) of the Common Terms and Term Intercreditor Agreement in all respects:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) <u>[Reserved]</u>.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) <u>Payment of Fees</u>. All fees that may be payable by Holdco Borrower to any New Super Senior Exit Term Lender hereunder from time to time pursuant to a written agreement between Holdco Borrower and such New Super Senior Exit Term Lender shall be paid on the dates due, in Dollars and immediately available funds, to the Holdco Term Loan Administrative Agent for distribution to the New Super Senior Exit Term Lenders entitled thereto. Fees paid shall not be refundable under any circumstances absent manifest error.

Section 2.06 <u>Increased Costs</u>.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) <u>Increased Costs Generally</u>. If any Change in Law shall:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i) impose, modify or deem applicable any reserve, special deposit or similar requirement (including any such requirement imposed by the Board under Regulation D or otherwise) against assets of, deposits with or for account of, or credit extended by, any New Super Senior Exit Term Lender; or

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(ii) impose on any New Super Senior Exit Term Lender any other condition not otherwise contemplated hereunder affecting this Agreement or the New Super Senior Exit Term Loan made by such New Super Senior Exit Term Lender;

and the result of any of the foregoing shall be to increase the cost to such New Super Senior Exit Term Lender of making or maintaining any New Super Senior Exit Term Loan (or of maintaining its obligation to make any such New Super Senior Exit Term Loan) to Holdco Borrower or to increase the cost to such New Super Senior Exit Term Lender or to reduce the amount of any sum received or receivable by such New Super Senior Exit Term Lender hereunder (whether of principal, interest or otherwise), then Holdco Borrower will pay to such New Super Senior Exit Term Lender such additional amount or amounts as will compensate such New Super Senior Exit Term Lender for such additional costs incurred or reduction suffered.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) <u>Capital Requirements</u>. If any New Super Senior Exit Term Lender reasonably determines that any Change in Law regarding capital or liquidity requirements has or would have the effect of reducing the rate of return on such New Super Senior Exit Term Lender's capital or on the capital of such New Super Senior Exit Term Lender's holding company, if any, as a consequence of this Agreement or the New Super Senior Exit Term Loan made by such New Super Senior Exit Term Lender to a level below that which such New Super Senior Exit Term Lender or such New Super Senior Exit Term Lender's holding company could have achieved but for such Change in Law (taking into consideration such New Super Senior Exit Term Lender's policies and the policies of such New Super Senior Exit Term Lender's holding company with respect to capital adequacy), then from time to time Holdco Borrower will pay to such New Super Senior Exit Term Lender such additional amount or amounts as will compensate such New Super Senior Exit Term Lender or such New Super Senior Exit Term Lender's holding company for any such reduction suffered.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) <u>Certificates from New Super Senior Exit Term Lenders</u>. A certificate of a New Super Senior Exit Term Lender setting forth calculations in reasonable detail of the amount or amounts necessary to compensate such New Super Senior Exit Term Lender or its respective holding company, as the case may be, as specified in <u>Section 2.06(a)</u> or <u>Section 2.06(b)</u> shall be delivered to Holdco Borrower and shall be conclusive absent manifest error. Holdco Borrower shall pay such New Super Senior Exit Term Lender the amount shown as due on any such certificate within thirty (30) Business Days after receipt thereof.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(d) <u>Delay in Requests</u>. Promptly after any New Super Senior Exit Term Lender has determined that it will make a request for increased compensation pursuant to this <u>Section 2.06</u>, such New Super Senior Exit Term Lender shall notify Holdco Borrower thereof. Failure or delay on the part of any New Super Senior Exit Term Lender to demand compensation pursuant to this Section shall not constitute a waiver of such New Super Senior Exit Term Lender's right to demand such compensation; <u>provided</u> that Holdco Borrower shall not be required to compensate a New Super Senior Exit Term Lender pursuant to this <u>Section 2.06</u> for any increased costs or reductions incurred more than ninety (90) days prior to the date that such New Super Senior Exit Term Lender notifies Holdco Borrower of the Change in Law giving rise to such increased costs or reductions and of such New Super Senior Exit Term Lender's intention to claim compensation therefor; <u>provided further</u> that, if the Change in Law giving rise to such increased costs or reductions is retroactive, then the ninety (90)-day period referred to above shall be extended to include the period of retroactive effect thereof.

Section 2.07 <u>Taxes</u>.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) <u>Payments Free of Taxes</u>. Any and all payments by or on account of any obligation of Holdco Borrower hereunder or under any other Holdco Term Financing Document shall be made free and clear of and without withholding or deduction for any Taxes; <u>provided</u> that if Holdco Borrower (or the applicable withholding agent) shall be required by law to withhold or deduct any Taxes from such payments, then Holdco Borrower shall make or shall cause to be made such withholdings and deductions and shall pay or shall cause to be paid the full amount withheld and deducted to the relevant Governmental Authority in accordance with Applicable Law.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) <u>Forms</u>. (i) Any of the Holdco Term Loan Administrative Agent, the Holdco Term Collateral Agent or any New Super Senior Exit Term Lender (including any assignee New Super Senior Exit Term Lender) that is legally entitled to an exemption from or reduction of withholding tax under the law of the jurisdiction in which Holdco Borrower is located with respect to payments under this Agreement shall deliver to Holdco Borrower (with a copy to the Holdco Term Loan Administrative Agent), at the time or times reasonably requested in writing by Holdco Borrower, the Holdco Term Collateral Agent or the Holdco Term Loan Administrative Agent, such properly completed and executed documentation prescribed by Applicable Law as will permit such payments to be made without or at a reduced rate of, withholding. In addition, any of the Holdco Term Loan Administrative Agent, the Holdco Term Collateral Agent or any New Super Senior Exit Term Lender, if reasonably requested in writing by Holdco Borrower or the Holdco Term Loan Administrative Agent, shall deliver such other documentation prescribed by law or reasonably requested by Holdco Borrower or the Holdco Term Loan Administrative Agent as will enable Holdco Borrower or the Holdco Term Loan Administrative Agent to determine whether or not such New Super Senior Exit Term Lender is subject to any withholding tax. Upon the reasonable written request of Holdco Borrower or the Holdco Term Loan Administrative Agent, or if any form or certification previously delivered expires or becomes obsolete or inaccurate, any New Super Senior Exit Term Lender shall update any such form or certification previously delivered pursuant to this <u>Section 2.07(b)(i)</u>. Notwithstanding anything to the contrary in the preceding three sentences, the completion, execution and submission of such documentation shall not be required if in the New Super Senior Exit Term Lender's judgment such completion, execution or submission would subject such New Super Senior Exit Term Lender to any material unreimbursed cost or expense or would materially prejudice the legal or commercial position of such New Super Senior Exit Term Lender.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(ii) Without limiting the generality of the foregoing, in the event that Holdco Borrower is a US Person,

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(A) any New Super Senior Exit Term Lender that is a US Person shall deliver to Holdco Borrower and the Holdco Term Loan Administrative Agent on or prior to the date on which such New Super Senior Exit Term Lender becomes a party to this Agreement (and from time to time thereafter upon the reasonable request of Holdco Borrower or the Holdco Term Loan Administrative Agent), executed copies of IRS Form W-9 certifying that such New Super Senior Exit Term Lender is exempt from U.S. federal backup withholding tax;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(B) any New Super Senior Exit Term Lender who is not a US Person shall, to the extent it is legally entitled to do so, deliver to Holdco Borrower and the Holdco Term Loan Administrative Agent (in such number of copies as shall be requested by the recipient) on or prior to the date on which such New Super Senior Exit Term Lender becomes a party to this Agreement (and from time to time thereafter upon the reasonable request of Holdco Borrower or the Holdco Term Loan Administrative Agent), whichever of the following is applicable:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(I) in the case of a New Super Senior Exit Term Lender who is not a US Person claiming the benefits of an income tax treaty to which the United States is a party (x) with respect to payments of interest under this Agreement or any Holdco Term Financing Document, executed copies of IRS Form W-8BEN or W-8BEN-E establishing an exemption from, or reduction of, U.S. federal withholding Tax pursuant to the "interest" article (in the case of interest with respect to any portion of the New Super Senior Exit Term Loans or other loans hereunder that are treated as indebtedness for U.S. federal income tax purposes, as determined by Holdco Borrower in accordance with its organizational documents ("<u>Tax Indebtedness</u>")) or the "dividends" article (in the case of interest with respect to any portion of the New Super Senior Exit Term Loans or other loans hereunder that are not Tax Indebtedness) of such tax treaty and (y) with respect to any other applicable payments under this Agreement or any Holdco Term Financing Document, IRS Form W-8BEN or W-8BEN-E 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;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(II) executed copies of IRS Form W-8ECI;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(III) in the case of a New Super Senior Exit Term Lender who is not a US Person claiming the benefits of the exemption for portfolio interest under Section 881(c) of the Code with respect to interest in respect of any Tax Indebtedness, (x) a certificate to the effect that such New Super Senior Exit Term Lender is not a "bank" within the meaning of Section 881(c)(3)(A) of the Code, a "10 percent shareholder" of Holdco 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>U.S. Tax Compliance Certificate</u>") and (y) executed copies of IRS Form W-8BEN or W-8BEN-E, as applicable; or

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(IV) to the extent a New Super Senior Exit Term Lender who is not a US Person is not the beneficial owner, executed copies of IRS Form W-8IMY, accompanied by IRS Form W-8ECI, IRS Form W-8BEN or W-8BEN-E, as applicable, a U.S. Tax Compliance Certificate, IRS Form W-9, and/or other certification documents from each beneficial owner, as applicable; <u>provided</u> that if such New Super Senior Exit Term Lender is a partnership and one or more direct or indirect partners of such New Super Senior Exit Term Lender are claiming the portfolio interest exemption with respect to interest in respect of any Tax Indebtedness, such New Super Senior Exit Term Lender may provide a U.S. Tax Compliance Certificate on behalf of each such direct and indirect partner.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) If a payment made to the Holdco Term Loan Administrative Agent, the Holdco Term Collateral Agent or any New Super Senior Exit Term Lender under this Agreement would be subject to U.S. federal withholding Tax imposed by the Foreign Account Tax Compliance Act ("<u>FATCA</u>") if such Holdco Term Loan Administrative Agent, Holdco Term Collateral Agent or New Super Senior Exit Term 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 Holdco Term Loan Administrative Agent, Holdco Term Collateral Agent or New Super Senior Exit Term Lender shall deliver to Holdco Borrower and the Holdco Term Loan Administrative Agent at the time or times prescribed by law and at such time or times reasonably requested by Holdco Borrower or the Holdco Term Loan 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 Holdco Borrower or the Holdco Term Loan Administrative Agent as may be necessary for Holdco Borrower and the Holdco Term Loan Administrative Agent to comply with their obligations under FATCA and to determine that such New Super Senior Exit Term Lender has complied with such Person's obligations under FATCA or to determine the amount to deduct and withhold from such payment. Solely for purposes of this clause, "FATCA" shall include any amendments made to FATCA after the date of this Agreement.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(d) <u>Survival</u>. Each party's obligations under this <u>Section 2.07</u> shall survive the resignation or replacement of the Holdco Term Loan Administrative Agent or any assignment of rights by, or the replacement of, a New Super Senior Exit Term Lender, the termination of the New Super Senior Exit Term Loans and the repayment, satisfaction or discharge of all obligations under any Holdco Term Financing Documents.

Section 2.08 <u>Change of Lending Office</u>. If any New Super Senior Exit Term Lender requests compensation under <u>Section 2.06</u>, then such New Super Senior Exit Term Lender shall (i) file any certificate or document reasonably requested in writing by Holdco Borrower and/or (ii) use reasonable efforts to designate a different Lending Office for funding or booking its New Super Senior Exit Term Loan hereunder or to assign its rights and obligations hereunder to another of its offices, branches or affiliates, if, in the sole judgment of such New Super Senior Exit Term Lender exercised in good faith, such designation or assignment (x) would eliminate or reduce amounts payable pursuant to <u>Section 2.06</u> in the future and (y) would not subject such New Super Senior Exit Term Lender to any unreimbursed cost or expense and would not otherwise be disadvantageous to such New Super Senior Exit Term Lender in any material respect. Holdco Borrower hereby agrees to pay all reasonable costs and expenses incurred by any New Super Senior Exit Term Lender in connection with any such designation or assignment.

Section 2.09 <u>Acknowledgement and Consent to Bail-In of EEA Financial Institutions</u>. Notwithstanding anything to the contrary in any Holdco Term Financing Document or in any other agreement, arrangement or understanding among any such parties, each party hereto acknowledges that any liability of any EEA Financial Institution arising under any Holdco Term Financing Document, to the extent such liability is unsecured, may be subject to the Write-Down and Conversion Powers of an EEA Resolution Authority and agrees and consents to, and acknowledges and agrees to be bound by:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) the application of any Write-Down and Conversion Powers by an EEA Resolution Authority to any such liabilities arising hereunder which may be payable to it by any party hereto that is an EEA Financial Institution; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) the effects of any Bail-In Action on any such liability, including, if applicable:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i) a reduction in full or in part or cancellation of any such liability;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(ii) a conversion of all, or a portion of, such liability into shares or other instruments of ownership in such EEA Financial Institution, its parent undertaking, or a bridge institution that may be issued to it or otherwise conferred on it, and that such shares or other instruments of ownership will be accepted by it in lieu of any rights with respect to any such liability under this Agreement or any other Holdco Term Financing Document; or

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(iii) the variation of the terms of such liability in connection with the exercise of the Write-Down and Conversion Powers of any EEA Resolution Authority.

Section 2.10 <u>Pro Rata Treatment</u>. Except to the extent otherwise provided herein, the New Super Senior Exit Term Loan shall be made from the New Super Senior Exit Term Lenders, and each termination or reduction of the amount of the New Super Senior Exit Term Commitments under Section 2.03 shall be applied to the respective New Super Senior Exit Term Commitments of the New Super Senior Exit Term Lenders, *pro rata* according to the amounts of their respective applicable New Super Senior Exit Term Commitments.

Section 2.11 <u>Incorporation by Reference</u>. The provisions of Section 2.05(a) (*Optional Prepayments*), Section 2.06 (*Payments Generally; Ratable Treatment; Sharing of Setoffs*) and Section 2.07 (*Interest*) of the Common Terms and Term Intercreditor Agreement are hereby incorporated by reference as if fully set forth herein, *mutatis mutandis*.

Article III<br>REPRESENTATIONS AND WARRANTIES

Section 3.01 <u>Incorporation of Common Terms and Term Intercreditor Agreement</u>. The representations and warranties set forth in Article III (*Representations and Warranties*) of the Common Terms and Term Intercreditor Agreement have been made to and for the benefit of each of the New Super Senior Exit Term Lenders and shall apply *mutatis mutandis* to this <u>Article III</u> as if fully set forth herein.

Article IV<br>CONDITIONS

Section 4.01 <u>Conditions to Closing Date</u>. The occurrence of the Closing Date and the effectiveness of this Agreement are subject to satisfaction of the conditions precedent set forth in Section 4.01 (*Conditions to Closing Date*) of the Common Terms and Term Intercreditor Agreement, each of which shall be satisfactory to the Holdco Term Loan Administrative Agent and each New Super Senior Exit Term Lender (unless waived by each New Super Senior Exit Term Lender Lender in accordance with Section 10.02 (*Amendments, Etc.*) of the Common Terms and Term Intercreditor Agreement).

Section 4.02 <u>Conditions to Each Funding Date</u>. The occurrence of each Funding Date and each New Super Senior Exit Term Lender's obligations to make the New Super Senior Exit Term Loans pursuant to <u>Section 2.01</u> are subject to the receipt by the Holdco Term Loan Administrative Agent (except as set forth otherwise below) of each of the following documents, and the satisfaction of the conditions precedent set forth below, each of which must be satisfied to the reasonable satisfaction of the Holdco Term Loan Administrative Agent and each New Super Senior Exit Term Lenders (unless waived in accordance with <u>Section 8.03</u>):

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) <u>Borrowing Request</u>. For any borrowing of New Super Senior Exit Term Commitments, the Holdco Term Loan Administrative Agent shall have received a Borrowing Request in accordance with <u>Section 2.01</u>.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) <u>New Super Senior Exit CTCI Agreement</u>. CTCI shall be in compliance with its material obligations under the New Super Senior Exit CTCI Agreement.

Article V<br>COVENANTS

Section 5.01 <u>Covenants</u>. The covenants set forth in Article V (*Affirmative Covenants*) and Article VI (*Negative Covenants*) of the Common Terms and Term Intercreditor Agreement have been made to and for the benefit of each of the New Super Senior Exit Term Lenders and shall apply *mutatis mutandis* to this <u>Article V</u> as if fully set forth herein.

Article VI<br>EVENTS OF DEFAULT

Section 6.01 <u>Events of Default</u>. The occurrence of any Event of Default under the Common Terms and Term Intercreditor Agreement shall constitute an event of default under this Agreement, subject to all of the relevant provisions of the Common Terms and Term Intercreditor Agreement.

Article VII<br>THE AGENTS

Section 7.01 <u>Appointment and Authorization of the Holdco Term Loan Administrative Agent</u>.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) Each of the New Super Senior Exit Term Lenders hereby irrevocably appoints the Holdco Term Loan Administrative Agent to act on its behalf as its agent hereunder and under the other Holdco Term Financing Documents and authorizes the Holdco Term Loan Administrative Agent in such capacity, to take such actions on its behalf and to exercise such powers as are delegated to it by the terms hereof or thereof, together with such actions and powers as are reasonably incidental thereto. Each of the New Super Senior Exit Term Lenders hereby irrevocably appoints the Holdco Term Collateral Agent to act on its behalf as its agent under the Common Terms and Term Intercreditor Agreement and other Holdco Term Financing Documents and authorizes the Holdco Term Collateral Agent in such capacity, to take such actions on its behalf and to exercise such powers as are delegated to it by the terms thereof, together with such actions and powers as are reasonably incidental thereto. The Holdco Term Loan Administrative Agent, by executing this Agreement, hereby accepts such appointment. The provisions of this Article are solely for the benefit of the Agents and the New Super Senior Exit Term Lenders (other than the express rights of Holdco Borrower under <u>Section 7.07</u>), and Holdco Borrower shall have no rights as a third party beneficiary of any of such provisions.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) The Holdco Term Loan Administrative Agent hereby agrees, and each New Super Senior Exit Term Lender (and each Person that becomes a New Super Senior Exit Term Lender hereunder pursuant to <u>Section 8.02</u>) hereby authorizes, directs and requires the Holdco Term Loan Administrative Agent to (i) execute, deliver and perform each of the Holdco Term Financing Documents to which such Agent is intended to be a party on behalf of such New Super Senior Exit Term Lender and (ii) enter into amendments and other modifications of the Holdco Term Financing Documents solely to the extent expressly permitted in accordance with <u>Section 10.02(b)</u> (*Amendments*) of the Common Terms and Term Intercreditor Agreement.

Section 7.02 <u>Rights as a New Super Senior Exit Term Lender</u>. The Holdco Term Loan Administrative Agent shall have the same rights and powers in its capacity as a New Super Senior Exit Term Lender as any other New Super Senior Exit Term Lender and may exercise the same as though it were not an Agent, and such Person and its Affiliates may accept deposits from, lend money to and generally engage in any kind of business with Holdco Borrower or any of Subsidiary or other Affiliate thereof as if it were not an Agent hereunder.

Section 7.03 <u>Duties of Agent; Exculpatory Provisions</u>. The Holdco Term Loan Administrative Agent shall not have any duties or obligations except those expressly set forth herein and in the other Holdco Term Financing Documents. All communications, notices, financial statements, projections, reports and other information received by the Holdco Term Loan Administrative Agent in relation to Holdco Term Financing Documents must be provided to each New Super Senior Exit Term Lender within one (1) Business Day after receipt. Without limiting the generality of the foregoing, the Holdco Term Loan Administrative Agent (a) shall not be subject to any fiduciary or other implied duties, regardless of whether a Default or Event of 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 Holdco Term Financing Documents that such Agent is required to exercise, and (c) shall not, except as expressly set forth herein and in the other Holdco Term Financing Documents, have any duty to disclose, and shall not be liable for the failure to disclose, any information relating to Holdco Borrower or any of its Subsidiaries that is communicated to or obtained by the financial institution serving as an Agent or any of its Affiliates in any capacity. The Holdco Term Loan Administrative Agent shall not be liable for any action taken or not taken by it with the consent or at the request of the New Super Senior Exit Term Lenders or in the absence of its own gross negligence or willful misconduct as determined by a court of competent jurisdiction in a final, non-appealable decision. The Holdco Term Loan Administrative Agent shall not be deemed to have knowledge of any Default or Event of Default unless and until written notice thereof is given to such Agent by Holdco Borrower or a New Super Senior Exit Term Lender, and the Holdco Term Loan Administrative Agent shall not be responsible for or have any duty to ascertain or inquire into (i) any statement, warranty or representation made in or in connection with this Agreement or any other Holdco Term Financing Document, (ii) the contents of any certificate, report or other document delivered hereunder or thereunder or in connection herewith or therewith, (iii) the performance or observance of any of the covenants, agreements or other terms or conditions set forth herein or therein, (iv) the validity, enforceability, effectiveness or genuineness of this Agreement, any other Holdco Term Financing Document or any other agreement, instrument or document, or (v) the satisfaction of any condition set forth in Article IV (*Conditions*) of the Common Terms and Term Intercreditor Agreement or elsewhere herein or therein, other than to confirm receipt of items expressly required to be delivered to such Agent.

Section 7.04 <u>Reliance by Holdco Term Loan Administrative Agent</u>. The Holdco Term Loan Administrative Agent shall be entitled to rely upon, and shall not incur any liability for relying upon, any notice, request, certificate, consent, statement, instrument, document or other writing believed by it to be genuine and to have been signed or sent by the proper Person. The Holdco Term Loan Administrative Agent also may rely upon any statement made to it orally or by telephone and believed by it to be made by the proper Person, and shall not incur any liability for relying thereon. The Holdco Term Loan Administrative Agent may consult with legal counsel, 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.

Section 7.05 <u>Delegation of Duties</u>. The Holdco Term Loan Administrative Agent may perform any and all its duties and exercise its rights and powers by or through any one or more sub-agents appointed by such Agent. The Holdco Term Loan Administrative Agent and any such sub-agent may perform any and all its duties and exercise its rights and powers through their respective Related Parties. The exculpatory provisions of the preceding paragraphs shall apply to any such sub-agent and to the Related Parties of the Holdco Term Loan Administrative Agent and any such sub-agent, and shall apply to their respective activities as well as activities as the Holdco Term Loan Administrative Agent.

Section 7.06 <u>Withholding of Taxes by the Holdco Term Loan Administrative Agent; Indemnification</u><u>.</u> To the extent required by any Applicable Law, the Holdco Term Loan Administrative Agent may withhold from any payment to any New Super Senior Exit Term Lender an amount equivalent to any applicable withholding Taxes. If any Governmental Authority asserts a claim that the Holdco Term Loan Administrative Agent did not properly withhold Taxes from amounts paid to or for the account of any New Super Senior Exit Term Lender because the appropriate form was not delivered or was not properly executed or because such New Super Senior Exit Term Lender failed to notify the Holdco Term Loan Administrative Agent of a change in circumstance which rendered the exemption from, or reduction of, withholding Taxes ineffective or for any other reason, or if the Holdco Term Loan Administrative Agent reasonably determines that a payment was made to a New Super Senior Exit Term Lender pursuant to this Agreement without deduction of applicable withholding tax from such payment, such New Super Senior Exit Term Lender shall promptly indemnify the Holdco Term Loan Administrative Agent fully for all amounts paid, directly or indirectly, by Holdco Term Loan Administrative Agent as Taxes or otherwise, including any penalties or interest and together with all expenses (including legal expenses, allocated internal costs and out-of-pocket expenses) incurred. Each New Super Senior Exit Term Lender shall severally indemnify the Holdco Term Loan Administrative Agent, within ten days after demand therefor, for (i) any Taxes attributable to such Person, and (ii) any Taxes attributable to such Person's failure to comply with the provisions of <u>Section 8.02(f)</u> relating to the maintenance of a Participant Register, in each case, that are payable or paid by the Holdco Term Loan Administrative Agent in connection with any Holdco Term Financing 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 the amount of such payment or liability delivered to any New Super Senior Exit Term Lender by the Holdco Term Loan Administrative Agent shall be conclusive absent manifest error. Each New Super Senior Exit Term Lender hereby authorizes the Holdco Term Loan Administrative Agent to set off and apply any and all amounts at any time owing to such New Super Senior Exit Term Lender under any Holdco Term Financing Document or otherwise payable by the Holdco Term Loan Administrative Agent to the New Super Senior Exit Term Lender from any other source against any amount due to the Holdco Term Loan Administrative Agent under this <u>Section 7.06</u>.

Section 7.07 <u>Resignation of Holdco Term Loan Administrative Agent</u>. The Holdco Term Loan Administrative Agent may resign at any time upon thirty days' notice by notifying the New Super Senior Exit Term Lenders and Holdco Borrower, and the Holdco Term Loan Administrative Agent may be removed at any time by the Required New Super Senior Exit Term Lenders (with a prior written notice to Holdco Borrower). Upon any such resignation or removal, the Required New Super Senior Exit Term Lenders shall have the right, with the consent of Holdco Borrower (such consent not to be unreasonably withheld), to appoint a successor Holdco Term Loan Administrative Agent. If no successor shall have been so appointed by the Required New Super Senior Exit Term Lenders and approved by Holdco Borrower and shall have accepted such appointment within thirty (30) days after the retiring Agent gives notice of its resignation, then the retiring Agent may, on behalf of the New Super Senior Exit Term Lenders, appoint a successor Holdco Term Loan Administrative Agent, which shall be a New Super Senior Exit Term Lender with an office in New York, New York, an Affiliate of a New Super Senior Exit Term Lender or a financial institution with an office in New York, New York having a combined capital and surplus that is not less than $250,000,000. Upon the acceptance of its appointment as Holdco Term Loan Administrative Agent hereunder by a successor, such successor shall succeed to and become vested with all the rights, powers, privileges and duties of the retiring (or retired) Agent and the retiring Agent shall be discharged from its duties and obligations hereunder (if not already discharged therefrom as provided above in this <u>Section 7.07</u>). The fees payable by Holdco Borrower to a successor Holdco Term Loan Administrative Agent shall be the same as those payable to its predecessor unless otherwise agreed between Holdco Borrower and such successor. After the Holdco Term Loan Administrative Agent's resignation or removal hereunder, the provisions of this Article and Section 10.03 (*Expenses; Indemnity; Etc.*) of the Common Terms and Term Intercreditor Agreement shall continue in effect for its benefit in respect of any actions taken or omitted to be taken by it while it was acting as Holdco Term Loan Administrative Agent.

Section 7.08 <u>Non-Reliance on Holdco Term Loan Administrative Agent or Other New Super Senior Exit Term Lenders</u>. Each New Super Senior Exit Term Lender acknowledges that it has, independently and without reliance upon the Holdco Term Loan Administrative Agent, the Affiliates of any Agent or any other New Super Senior Exit Term Lender 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 New Super Senior Exit Term Lender also acknowledges that it will, independently and without reliance upon the Holdco Term Loan Administrative Agent, the Affiliates of such Agent or any other New Super Senior Exit Term Lender 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 Holdco Term Financing Document or any related agreement or any document furnished hereunder or thereunder.

Section 7.09 <u>No Other Duties; Etc</u>. The parties agree that the Holdco Term Loan Administrative Agent shall not have any obligations, liability or responsibility under or in connection with this Agreement and the other Holdco Term Financing Documents and that the Holdco Term Loan Administrative Agent shall not have any obligations, liabilities or responsibilities except for those expressly set forth herein and in the other Holdco Term Financing Documents.

Section 7.10 <u>Certain ERISA Matters</u>.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) Each New Super Senior Exit Term Lender (x) represents and warrants, as of the date such Person became a New Super Senior Exit Term Lender party hereto, to, and (y) covenants, from the date such Person became a New Super Senior Exit Term Lender party hereto to the date such Person ceases being a New Super Senior Exit Term Lender party hereto, for the benefit of the Holdco Term Loan Administrative Agent and each of its Affiliates, and not, for the avoidance of doubt, to or for the benefit of Holdco Borrower or any other Company Party, that at least one of the following is and will be true:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i) such New Super Senior Exit Term Lender is not using "plan assets" (within the meaning of 29 CFR § 2510.3-101, as modified by Section 3(42) of ERISA) of one or more employee benefit plans (as defined in Section 3(3) of ERISA) in connection with the New Super Senior Exit Term Loans or the New Super Senior Exit Term Commitments;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(ii) the prohibited transaction exemption set forth in one or more PTEs, such as PTE 84-14 (a class exemption for certain transactions determined by independent qualified professional asset managers), PTE 95-60 (a class exemption for certain transactions involving insurance company general accounts), PTE 90-1 (a class exemption for certain transactions involving insurance company pooled separate accounts), PTE 91-38 (a class exemption for certain transactions involving bank collective investment funds) or PTE 96-23 (a class exemption for certain transactions determined by in-house asset managers), is applicable so as to exempt from the prohibitions of ERISA Section 406 and Code Section 4975, such New Super Senior Exit Term Lender's entrance into, participation in, administration of and performance of the New Super Senior Exit Term Loans, the New Super Senior Exit Term Commitments and this Agreement;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(iii) (A) such New Super Senior Exit Term Lender is an investment fund managed by a "Qualified Professional Asset Manager" (within the meaning of Part VI of PTE 84-14), (B) such Qualified Professional Asset Manager made the investment decision on behalf of such New Super Senior Exit Term Lender to enter into, participate in, administer and perform the New Super Senior Exit Term Loans, the New Super Senior Exit Term Commitments and this Agreement, (C) the entrance into, participation in, administration of and performance of the New Super Senior Exit Term Loans, the New Super Senior Exit Term Commitments and this Agreement satisfies the requirements of sub-sections (b) through (g) and subsection (k) of Part I of PTE 84-14 and (D) to the best knowledge of such New Super Senior Exit Term Lender, the requirements of subsection (a) of Part I of PTE 84-14 are satisfied with respect to such New Super Senior Exit Term Lender's entrance into, participation in, administration of and performance of the New Super Senior Exit Term Loans, the New Super Senior Exit Term Commitments and this Agreement; or

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(iv) such other representation, warranty and covenant as may be agreed in writing between the applicable Holdco Term Loan Administrative Agent, in its sole discretion, and such New Super Senior Exit Term Lender.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) In addition, unless sub-clause (i) in the immediately preceding clause (a) is true with respect to a New Super Senior Exit Term Lender or such New Super Senior Exit Term Lender has not provided another representation, warranty and covenant as provided in sub-clause (iv) in the immediately preceding clause (a), such New Super Senior Exit Term Lender further (x) represents and warrants, as of the date such Person became a New Super Senior Exit Term Lender party hereto, to, and (y) covenants, from the date such Person became a New Super Senior Exit Term Lender party hereto to the date such Person ceases being a New Super Senior Exit Term Lender party hereto, for the benefit of the Holdco Term Loan Administrative Agent and each of its Affiliates, and not, for the avoidance of doubt, to or for the benefit of Holdco Borrower or any other Company Party, that none of the Holdco Term Loan Administrative Agent or its respective Affiliates is a fiduciary with respect to the assets of such New Super Senior Exit Term Lender (including in connection with the reservation or exercise of any rights by the Holdco Term Loan Administrative Agent under this Agreement, any Holdco Term Financing Document or any documents related to hereto or thereto).

Article VIII<br>MISCELLANEOUS

Section 8.01 <u>Incorporation by Reference</u>. The provisions of Section 10.01 (*Notices*), Section 10.03 (*Expenses; Indemnity; Etc.*), Section 10.05 (*Survival*), Section 10.06 (*Counterparts; Integration; Effectiveness*), Section 10.07 (*Severability*), Section 10.08 (*Right of Setoff*), Section 10.09 (*Governing Law; Jurisdiction; Etc.*), Section 10.10 (*Headings*), Section 10.11 (*Confidentiality*), Section 10.12 (*Non-Recourse*), Section 10.13 (*No Third Party Beneficiaries*), Section 10.14 (*Reinstatement*), Section 10.15 (*USA PATRIOT Act*), Section 10.16 (*Electronic Execution of Assignments and Certain Other Documents.*), Section 10.17 (*USURY*) and Section 10.18 (*Certain Tax Matters*) of the Common Terms and Term Intercreditor Agreement are hereby incorporated by reference as if fully set forth herein, *mutatis mutandis*.

Section 8.02 <u>Successors and Assigns</u>.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) <u>Assignments Generally</u>. The provisions of this Agreement shall be binding upon and inure to the benefit of the parties hereto and their respective successors and assigns permitted hereby, except that (i) Holdco Borrower may not assign or otherwise transfer, directly or indirectly, any of their respective rights or obligations hereunder or under any other Holdco Term Financing Document without the prior written consent of each New Super Senior Exit Term Lender (and any attempted assignment or transfer by such New Super Senior Exit Term Lender without such consent shall be null and void) and (ii) no New Super Senior Exit Term Lender may assign or otherwise transfer, directly or indirectly, any of its rights or obligations hereunder except in accordance with this <u>Section 8.02</u>. 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 <u>Section 8.02(f)</u>) and, to the extent expressly contemplated hereby, the Indemnified Parties referred to in Section 10.03(b) (*Indemnification by Holdco Borrower*) of the Common Terms and Term Intercreditor Agreement and the Related Parties of each of the Holdco Term Loan Administrative Agent and the New Super Senior Exit Term Lenders) any legal or equitable right, remedy or claim under or by reason of this Agreement.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) <u>Assignments by New Super Senior Exit Term Lenders</u>. Any New Super Senior Exit Term Lender may assign to one or more Persons all or a portion of its rights and obligations under this Agreement (including all or a portion of its New Super Senior Exit Term Loan at the time owing to it); <u>provided</u> that:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i) except in the case of an assignment to a New Super Senior Exit Term Lender or an Affiliate or Related Fund of a New Super Senior Exit Term Lender, the amount of the New Super Senior Exit Term Loan of the assigning New Super Senior Exit Term Lender subject to each such assignment (determined as of the date the Assignment and Assumption with respect to such assignment is delivered to the Holdco Term Loan Administrative Agent) shall not be less than $500,000 unless Holdco Borrower and the Holdco Term Loan Administrative Agent otherwise consent;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(ii) except in the case of an assignment to a New Super Senior Exit Term Lender or an Affiliate or Related Fund of a New Super Senior Exit Term Lender, the Holdco Term Loan Administrative Agent must give its prior written consent to such assignment, not to be unreasonably withheld, conditioned or delayed;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(iii) each partial assignment shall be made as an assignment of a proportionate part of all the assigning New Super Senior Exit Term Lender's rights and obligations under this Agreement;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(iv) except in the case of an assignment to an Affiliate, the parties to each assignment shall execute and deliver to the Holdco Term Loan Administrative Agent an Assignment and Assumption, together with a processing and recordation fee of $3,500;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(v) the assignee, if it shall not be a New Super Senior Exit Term Lender, shall deliver to the Holdco Term Loan Administrative Agent an Administrative Questionnaire; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(vi) any assignment to CTCI or any of its Affiliates thereof shall be subject to the prior written approval of each of the New Super Senior Exit Term Lenders.

<u>provided further</u> that any consent of Holdco Borrower otherwise required under this clause (b) shall not be required if any Event of Default under Sections 7.01(a), (b) or, solely with respect to Holdco Borrower, (f) of the Common Terms and Term Intercreditor Agreement has occurred and is continuing and shall be deemed given if Holdco Borrower has not responded to a request for such consent within five (5) Business Days of the request. Upon acceptance and recording pursuant to <u>Section 8.02(d)</u>, from and after the effective date specified in each Assignment and Assumption, the assignee thereunder shall be a party hereto and, to the extent of the interest assigned by such Assignment and Assumption, have the rights and obligations of a New Super Senior Exit Term Lender under this Agreement, and the assigning New Super Senior Exit Term 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 New Super Senior Exit Term Lender's rights and obligations under this Agreement, such New Super Senior Exit Term Lender shall cease to be a party hereto but shall continue to be entitled to the benefits of Sections 2.07 (*Payments Generally; Ratable Treatment; Sharing of Setoffs*) and 10.03 (*Expenses; Indemnity; Etc.*) of the Common Terms and Term Intercreditor Agreement). Any assignment or transfer by a New Super Senior Exit Term Lender of rights or obligations under this Agreement that does not comply with this <u>Section 8.02(b)</u> shall be treated for purposes of this Agreement as a sale by such New Super Senior Exit Term Lender of a participation in such rights and obligations in accordance with <u>Section 8.02(f)</u>.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) <u>Maintenance of Register by the Holdco Term Loan Administrative Agent</u>. The Holdco Term Loan Administrative Agent, acting for this purpose as an agent of Holdco Borrower, shall maintain at one of its offices in New York City a copy of each Assignment and Assumption delivered to it and a register for the recordation of the names and addresses of the New Super Senior Exit Term Lenders, principal amount of the New Super Senior Exit Term Loan owing to each New Super Senior Exit Term Lender pursuant to the terms hereof from time to time and the amount of any Accrued Interest owing from time to time (the "<u>Register</u>"). The entries in the Register shall be conclusive absent manifest error, and Holdco Borrower, the Holdco Term Loan Administrative Agent and the New Super Senior Exit Term Lenders may treat each Person whose name is recorded in the Register pursuant to the terms hereof as a New Super Senior Exit Term Lender hereunder for all purposes of this Agreement, notwithstanding notice to the contrary. The Register shall be available for inspection by Holdco Borrower and any New Super Senior Exit Term Lender, at any reasonable time and from time to time upon reasonable prior notice. The Holdco Term Loan Administrative Agent shall give to any New Super Senior Exit Term Lender promptly upon request therefor, a complete and correct copy of the names and addresses of all registered New Super Senior Exit Term Lenders.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(d) <u>Effectiveness of Assignments</u>. Upon its receipt of a duly completed Assignment and Assumption executed by an assigning New Super Senior Exit Term Lender and an assignee, the assignee's completed Administrative Questionnaire (unless the assignee shall already be a New Super Senior Exit Term Lender hereunder), the processing and recordation fee referred to in <u>Section 8.02(b)</u> and any written consent to such assignment required by <u>Section 8.02(b)</u>, the Holdco Term Loan Administrative Agent shall accept such Assignment and Assumption and record the information contained therein in the Register. No assignment shall be effective for purposes of this Agreement unless it has been recorded in the Register as provided in this <u>Section 8.02(d)</u>.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(e) <u>Limitations on Rights of Assignees</u>. An assignee New Super Senior Exit Term Lender shall not be entitled to receive any greater payment under Section 2.07 (*Payments Generally; Ratable Treatment; Sharing of Setoffs*) of the Common Terms and Term Intercreditor Agreement than the assigning New Super Senior Exit Term Lender would have been entitled to receive with respect to the interest assigned to such assignee (based on the circumstances existing at the time of the assignment), unless Holdco Borrower's prior written consent has been obtained therefor.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(f) <u>Participations</u>. Any New Super Senior Exit Term Lender may, without the consent of Holdco Borrower or the Holdco Term Loan Administrative Agent, sell participations to one or more banks or other entities (a "<u>Participant</u>") in all or a portion of such New Super Senior Exit Term Lender's rights and obligations under this Agreement and the other Holdco Term Financing Documents (including all or a portion of the New Super Senior Exit Term Loan owing to it); <u>provided</u> that (i) such New Super Senior Exit Term Lender's obligations under this Agreement and the other Holdco Term Financing Documents shall remain unchanged, (ii) such New Super Senior Exit Term Lender shall remain solely responsible to the other parties hereto for the performance of any such obligations and (iii) Holdco Borrower, the Holdco Term Loan Administrative Agent and the other New Super Senior Exit Term Lenders shall continue to deal solely and directly with such New Super Senior Exit Term Lender in connection with such New Super Senior Exit Term Lender's rights and obligations under this Agreement and the other Holdco Term Financing Documents. Any agreement or instrument pursuant to which a New Super Senior Exit Term Lender sells such a participation shall provide that such New Super Senior Exit Term Lender shall retain the sole right to enforce this Agreement and the other Holdco Term Financing Documents and to approve any amendment, modification or waiver of any provision of this Agreement or any other Holdco Term Financing Document; <u>provided</u> that, such agreement or instrument may provide that such New Super Senior Exit Term Lender will not, without the consent of the Participant, agree to any amendment, modification or waiver described in the first proviso to Section 10.02(b) (*Waivers; Amendments*) of the Common Terms and Term Intercreditor Agreement that affects such Participant. Subject to <u>Section 8.02(g)</u>, Holdco Borrower agrees that each Participant shall be entitled to the benefits of Section 2.07 (*Payments Generally; Ratable Treatment; Sharing of Setoffs*) of the Common Terms and Term Intercreditor Agreement to the same extent as if it were a New Super Senior Exit Term Lender and had acquired its interest by assignment pursuant to <u>Section 8.02(b)</u>. Each New Super Senior Exit Term Lender that sells a participation shall, acting solely for this purpose as a non-fiduciary agent of Holdco 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 New Super Senior Exit Term Loan or other obligations under the Holdco Term Financing Documents held by it (the "<u>Participant Register</u>"); <u>provided</u> that no New Super Senior Exit Term 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 New Super Senior Exit Term Loan or its other obligations under any Holdco Term Financing Document) to any Person except to the extent that such disclosure is necessary to establish that such participation complies with this <u>Section 8.02</u> and that such loan or other obligation is in registered form under Section 5f.103-1(c) of the United States Treasury Regulations and Section 1.163-5(b) of the proposed United States Treasury Regulations (or any amended or successor version thereof). The entries in the Participant Register shall be conclusive absent manifest error, and such New Super Senior Exit Term 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 Holdco Term Loan Administrative Agent (in its capacity as Holdco Term Loan Administrative Agent) shall have no responsibility for maintaining a Participant Register.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(g) <u>Limitations on Rights of Participants</u>. A Participant shall not be entitled to receive any greater payment under Section 2.06 (*Payments Generally; Ratable Treatment; Sharing of Setoffs*) of the Common Terms and Term Intercreditor Agreement than the applicable New Super Senior Exit Term Lender would have been entitled to receive with respect to the participation sold to such Participant, unless (i) the sale of the participation to such Participant is made with Holdco Borrower's prior written consent, or (ii) such entitlement to receive a greater payment results from a Change in Law that occurs after the Participant acquired the applicable participation. A Participant shall comply with <u>Section 2.07(b)</u> as though it were a New Super Senior Exit Term Lender (it being understood that the documentation required under <u>Section 2.07(b)</u> shall be delivered to the participating New Super Senior Exit Term Lender).

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(h) <u>Certain Pledges</u>.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i) Any New Super Senior Exit Term Lender may at any time pledge or assign a security interest in all or any portion of its rights under this Agreement to secure obligations of such New Super Senior Exit Term Lender, including any such pledge or assignment to a Federal Reserve Bank, the European Central Bank or any other central bank or similar monetary authority in the jurisdiction of such New Super Senior Exit Term Lender, and this Section shall not apply to any such pledge or assignment of a security interest; <u>provided</u> that no such pledge or assignment of a security interest shall release a New Super Senior Exit Term Lender from any of its obligations hereunder or substitute any such pledgee or assignee for such New Super Senior Exit Term Lender as a party hereto; and <u>provided further</u> that any payment in respect of such pledge or assignment made by Holdco Borrower to or for the account of the pledging or assigning New Super Senior Exit Term Lender in accordance with the terms of this Agreement shall satisfy Holdco Borrower's obligations hereunder in respect of such pledged or assigned New Super Senior Exit Term Loan to the extent of such payment.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(ii) Notwithstanding any other provision of this Agreement, any New Super Senior Exit Term Lender may, without informing, consulting with or obtaining the consent of any other party to the Holdco Term Financing Documents and without formality under any Holdco Term Financing Documents, assign by way of security, mortgage, charge or otherwise create security by any means over, its rights under any Holdco Term Financing Document to secure the obligations of that New Super Senior Exit Term Lender to any Person that would be a permitted assignee (without the consent of Holdco Borrower or any Agent) pursuant to <u>Section 8.02(a)</u> including (A) to the benefit of any of its Affiliates and/or (B) within the framework of its, or its Affiliates, direct or indirect funding operations.

Section 8.03 <u>Amendments.</u> 

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) No amendment or waiver of any provision of this Agreement and no consent to any departure by Holdco Borrower hereunder shall be effective unless (x) in writing signed by the Holdco Term Loan Administrative Agent, the Required New Super Senior Exit Term Lenders and Holdco Borrower and (y) in accordance with Section 10.02(c)(i) (*Amendments to Holdco Term Financing Documents; Permitted Refinancings*) of the Common Terms and Term Intercreditor Agreement.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) The Holdco Term Loan Administrative Agent hereby agrees that it shall not consent to any amendment or waiver of any provision of, or consent to any departure by Holdco Borrower under, any Holdco Term Financing Document unless expressly permitted in accordance with Section 10.02(b) (*Amendments*) of the Common Terms and Term Intercreditor Agreement.

Section 8.04 <u>Common Terms and Term Intercreditor Agreement</u>. Any actions, consents, approvals, authorizations or discretion taken, given, made or exercised, or not taken, given, made or exercised by the Holdco Term Loan Administrative Agent in accordance with the Common Terms and Term Intercreditor Agreement shall be binding on each New Super Senior Exit Term Lender. Notwithstanding anything to the contrary herein, in the case of any inconsistency between this Agreement and the Common Terms and Term Intercreditor Agreement, the Common Terms and Term Intercreditor Agreement shall govern. Without limiting the foregoing, this Agreement shall be subject to, and governed by, the Common Terms and Term Intercreditor Agreement.

Section 8.05 <u>Exit Funding Issue Minimum MOIC</u>. Notwithstanding anything to the contrary herein, in the event of an Exit Funding Issue (CTCI), the economic terms with respect to Updated Primary Obligations (Lenders) shall be automatically adjusted to reflect and include the Exit Funding Issue Minimum MOIC, without any further consent or notice of any kind.

[Remainder of page intentionally left blank]

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

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| | |
|:---|:---|
| **GRAPEVINE ENERGY HOLDINGS, LLC,** | **GRAPEVINE ENERGY HOLDINGS, LLC,** |
| as Holdco Borrower | as Holdco Borrower |
| By: | /s/ Noah Verleun |
| Name: | Noah Verleun |
| Title: | Chief Executive Officer & President |

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[Signature Page to New Super Senior Exit Term Credit Agreement]

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| | |
|:---|:---|
| **ORION FUND II NAV HOLDCO, L.P.,** as a New Super Senior Exit Term Lender | **ORION FUND II NAV HOLDCO, L.P.,** as a New Super Senior Exit Term Lender |
| By: | Orion Energy Credit Opportunities Fund II GP, L.P., its general partner |
| By: | Orion Energy Credit Opportunities Fund II Holdings, LLC, its general ponnu |
| By: | /s/ Gerrit Nicholas |
| Name: | Gerrit Nicholas |
| Title: | Managing Partner |
| **ORION FUND II PV 2 NAV HOLDCO, L.P.,** <br> as a New Super Senior Exit Term Lender | **ORION FUND II PV 2 NAV HOLDCO, L.P.,** <br> as a New Super Senior Exit Term Lender |
| By: | Orion Energy Credit Opportunities Fund II GP, L.P., its general partner |
| By: | Orion Energy Credit Opportunities Fund II Holdings, LLC, its general partner |
| By: | /s/ Gerrit Nicholas |
| Name: | Gerrit Nicholas |
| Title: | Managing Partner |
| **ORION FUND II GPFA NAV HOLDCO, L.P.,** | **ORION FUND II GPFA NAV HOLDCO, L.P.,** |
| as a New Super Senior Exit Term Lender | as a New Super Senior Exit Term Lender |
| By: | Orion Energy Credit Opportunities Fund II GP, L.P., its general partner |
| By: | Orion Energy Credit Opportunities Fund II Holdings, LLC, its general partner |
| By: | /s/ Gerrit Nicholas |
| Name: | Gerrit Nicholas |
| Title: | Managing Partner |

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[Signature Page to New Super Senior Exit Term Credit Agreement]

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| | |
|:---|:---|
| **ORION ENERGY CREDIT OPPORTUNITIES **FUND III, L.P.**,** | **ORION ENERGY CREDIT OPPORTUNITIES **FUND III, L.P.**,** |
| as a New Super Senior Exit Term Lender | as a New Super Senior Exit Term Lender |
| By: | Orion Energy Credit Opportunities Fund III GP, L.P., its general partner |
| By: | Orion Energy Credit Opportunities Fund III Holdings, LLC, its general partner |
| By: | /s/ Gerrit Nicholas |
| Name: | Gerrit Nicholas |
| Title: | Managing Partner |
| **ORION ENERGY CREDIT OPPORTUNITIES FUND III PV, L.P.,** | **ORION ENERGY CREDIT OPPORTUNITIES FUND III PV, L.P.,** |
| as a New Super Senior Exit Term Lender | as a New Super Senior Exit Term Lender |
| By: | Orion Energy Credit Opportunities Fund III GP, L.P., its general partner |
| By: | Orion Energy Credit Opportunities Fund III Holdings, LLC, its general partner |
| By: | /s/ Gerrit Nicholas |
| Name: | Gerrit Nicholas |
| Title: | Managing Partner |
| **ORION ENERGY CREDIT OPPORTUNITIES **GCE CO-INVEST, L.P.**,** | **ORION ENERGY CREDIT OPPORTUNITIES **GCE CO-INVEST, L.P.**,** |
| as a New Super Senior Exit Term Lender | as a New Super Senior Exit Term Lender |
| By: | Orion Energy Credit Opportunities Fund III GP, L.P., its general partner |
| By: | Orion Energy Credit Opportunities Fund III Holdings, LLC, its general partner |
| By: | /s/ Gerrit Nicholas |
| Name: | Gerrit Nicholas |
| Title: | Managing Partner |

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[Signature Page to New Super Senior Exit Term Credit Agreement]

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| | |
|:---|:---|
| **ORION ENERGY CREDIT OPPORTUNITIES FUND III GPFA, L.P., <br> as a New Super Senior Exit Term Lender** | **ORION ENERGY CREDIT OPPORTUNITIES FUND III GPFA, L.P., <br> as a New Super Senior Exit Term Lender** |
| By: | Orion Energy Credit Opportunities Fund III GP, L.P., its general partner |
| By: | Orion Energy Credit Opportunities Fund III Holdings, LLC, its general partner |
| By: | /s/ Gerrit Nicholas |
| Name: | Gerrit Nicholas |
| Title: | Managing Partner |
| **ORION ENERGY CREDIT OPPORTUNITIES** | **ORION ENERGY CREDIT OPPORTUNITIES** |
| **FUND III GPFA PV, L.P.,** | **FUND III GPFA PV, L.P.,** |
| as a New Super Senior Exit Term Lender | as a New Super Senior Exit Term Lender |
| By: | Orion Energy Credit Opportunities Fund III GP, L.P., its general partner |
| By: | Orion Energy Credit Opportunities Fund III |
|  | Holdings, LLC, its general partner |
| By: | /s/ Gerrit Nicholas |
| **Name:** | **Gerrit Nicholas** |
| Title: | Managing Partner |
| **ORION ENERGY CREDIT OPPORTUNITIES** | **ORION ENERGY CREDIT OPPORTUNITIES** |
| **GCE CO-INVEST B, L.P.**, | **GCE CO-INVEST B, L.P.**, |
| as a New Super Senior Exit Term Lender | as a New Super Senior Exit Term Lender |
| By: | Orion Energy Credit Opportunities Fund III GP, L.P., its general partner |
| By: | Orion Energy Credit Opportunities Fund III Holdings, LLC, its general partner |
| By: | /s/ Gerrit Nicholas |
| Name: | Gerrit Nicholas |
| Title: | Managing Partner |

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[Signature Page to New Super Senior Exit Term Credit Agreement]

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| | |
|:---|:---|
| **LABOR IMPACT FUND, L.P.,** | **LABOR IMPACT FUND, L.P.,** |
| as a New Super Senior Exit Term Lender | as a New Super Senior Exit Term Lender |
| By: | GCM Investments GP, LLC, its General Partner |
| By: | /s/ Todd Henigan |
| Name: | Todd Henigan |
| Title: | Authorized signatory |

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[Signature Page to New Super Senior Exit Term Credit Agreement]

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| | |
|:---|:---|
| **VOYA RENEWABLE ENERGY** | **VOYA RENEWABLE ENERGY** |
| **INFRASTRUCTURE ORIGINATOR L.P.,** | **INFRASTRUCTURE ORIGINATOR L.P.,** |
| as a New Super Senior Exit Term Lender | as a New Super Senior Exit Term Lender |
| **VOYA RENEWABLE ENERGY** | **VOYA RENEWABLE ENERGY** |
| **INFRASTRUCTURE ORIGINATOR I LLC**, | **INFRASTRUCTURE ORIGINATOR I LLC**, |
| as a New Super Senior Exit Term Lender | as a New Super Senior Exit Term Lender |
| By: | Voya Alternative Asset Management LLC, as Agent |
| By: | /s/ Edward Levin |
| Name: | Edward Levin |
| Title: | Managing Director |

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[Signature Page to New Super Senior Exit Term Credit Agreement]

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| | |
|:---|:---|
| **ORION ENERGY PARTNERS TP AGENT, LLC,** as Holdco Term Loan Administrative Agent | **ORION ENERGY PARTNERS TP AGENT, LLC,** as Holdco Term Loan Administrative Agent |
| By: | /s/ Gerrit Nicholas |
| Name: | Gerrit Nicholas |
| Title: | Managing Partner |

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[Signature Page to New Super Senior Exit Term Credit Agreement]

**EXHIBIT A<br> TO**

**CREDIT AGREEMENT**

**<u>[Form of] Assignment and Assumption</u>**

This Assignment and Assumption (the "<u>Assignment and Assumption</u>") is dated as of the Effective Date set forth in <u>item 9</u> below and is entered into by and between [the][each]<sup>1</sup> Assignor identified in <u>item 1</u> below ([the][each, an] "<u>Assignor</u>") and [the][each]<sup>2</sup> Assignee identified in <u>item 2</u> below ([the][each, an] "<u>Assignee</u>"). [It is understood and agreed that the rights and obligations of [the Assignors][the Assignees]<sup>1 2 1 2 1 2 1 2 3</sup> hereunder are several and not joint.]<sup>4</sup> Capitalized terms used but not defined herein shall have the meanings given to them in the New Super Senior Exit Term Credit Agreement identified in <u>item 6</u> below (as amended, restated, amended and restated, supplemented or otherwise modified and in effect from time to time, the "<u>New Super Senior Exit Term Credit Agreement</u>"), receipt of a copy of which is hereby acknowledged by [the][each] Assignee. The Standard Terms and Conditions set forth in <u>Annex 1</u> (the "<u>Standard Terms and Conditions</u>") attached hereto are hereby agreed to and incorporated herein by reference and made a part of this Assignment and Assumption as if set forth herein in full.

For an agreed consideration, [the][each] Assignor hereby irrevocably sells and assigns to [the Assignee][the respective Assignees], and [the][each] Assignee hereby irrevocably purchases and assumes from [the Assignor][the respective Assignors], subject to and in accordance with the Standard Terms and Conditions and the New Super Senior Exit Term Credit Agreement, as of the Effective Date inserted by the Holdco Term Loan Administrative Agent as contemplated in <u>item 8</u> below (the "<u>Effective Date</u>") (i) all of [the Assignor's][the respective Assignors'] rights and obligations in [its capacity as a New Super Senior Exit Term Lender] [their respective capacities as New Super Senior Exit Term Lenders] under the New Super Senior Exit Term Credit Agreement, the Common Terms and Term Intercreditor Agreement identified in <u>item 7</u> below (as amended, restated, amended and restated, supplemented or otherwise modified and in effect from time to time, the "<u>Common Terms and Term Intercreditor Agreement</u>") and any other Holdco Term Financing Document or other documents or instruments delivered pursuant thereto to the extent related to the amount and percentage interest identified in <u>item 8</u> below of all of such outstanding rights and obligations of [the Assignor][the respective Assignors] and (ii) to the extent permitted to be assigned under Applicable Law, all claims, suits, causes of action and any other right of [the Assignor (in its capacity as a New Super Senior Exit Term Lender)][the respective Assignors (in their respective capacities as New Super Senior Exit Term Lenders)] against any Person, whether known or unknown, arising under or in connection with the New Super Senior Exit Term Credit Agreement, the Common Terms and Term Intercreditor Agreement or other Holdco Term Financing Document, any other documents or instruments delivered pursuant thereto or the loan transactions governed thereby or in any way based on or related to any of the foregoing, including, but not limited to, contract claims, tort claims, malpractice claims, statutory claims and all other claims at law or in equity related to the rights and obligations sold and assigned pursuant to clause (i) above (the rights and obligations sold and assigned by [the] [any] Assignor to [the] [any] Assignee pursuant to clauses (i) and (ii) above being referred to herein collectively as [the][an] "<u>Assigned Interest</u>"). Each such sale and assignment is without recourse to [the][any] Assignor and, except as expressly provided in this Assignment and Assumption, without representation or warranty by [the][any] Assignor.

<sup>1</sup> *Note to Form:* For bracketed language here and elsewhere in this form relating to the Assignor(s), if the assignment is from a single Assignor, choose the first bracketed language. If the assignment is from multiple Assignors, choose the second bracketed language.

<sup>2</sup> *Note to Form*: For bracketed language here and elsewhere in this form relating to the Assignee(s), if the assignment is to a single Assignee, choose the first bracketed language. If the assignment is to multiple Assignees, choose the second bracketed language.

<sup>3</sup> *Note to Form:* Select as appropriate.

<sup>4</sup> *Note to Form:* Include and adjust as appropriate if there are either multiple Assignors or multiple Assignees.

Exhibit A-1

1. Assignor[s]:

2. Assignee[s]: _____________________________

[if applicable, for each Assignee, indicate [Affiliate][Related Fund] of [identify New Super Senior Exit Term Lender]]

3. Holdco Borrower: Grapevine Energy Holdings, LLC

4. Holdco Term Loan Administrative Agent: Orion Energy Partners TP Agent, LLC

5. Holdco Term Collateral Agent: Orion Energy Partners TP Agent, LLC

6. New Super Senior Exit Term Credit Agreement: The New Super Senior Exit
Term Credit Agreement, dated as of August 11, 2025, among the Holdco Borrower, each New Super Senior Exit Term Lender from time to time
party thereto and the Holdco Term Loan Administrative Agent.

7. Common Terms and Term Intercreditor Agreement: The Common Terms and
Term Intercreditor Agreement, dated as of August 11, 2025, among the Holdco Borrower, the Holdco Term Loan Administrative Agent, the Holdco
Term Collateral Agent and CTCI Americas, Inc.

8. Assigned Interest[s]:

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| | | | |
|:---|:---|:---|:---|
| Assignor[s] | Assignee[s] | Aggregate Amount of New Super Senior Exit Term Loans of Assignor[s] | Percentage Assigned of New Super Senior Exit Term Loans<sup>6 7</sup> <sup>\* \*</sup> |
|  |  | $| $nan% |
|  |  | $| $nan% |
|  |  | $| $nan% |

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9. Effective Date:, 20<sup>7</sup> ____________ ______ ______

10. [[Each][The] Assignor attaches the Note[s] held by it [and requests
that the Holdco Term Loan Administrative Agent exchange such Note[s] for new Note[s] payable to the [respective] Assignee in [an amount/amounts]
equal to the New Super Senior Exit Term Loan[s] assumed by the [respective] Assignee pursuant hereto [and to the [respective] Assignor
in [an amount/amounts] equal to the New Super Senior Exit Term Loan[s] retained by the [respective] Assignor].]<sup>8</sup>

<sup>5</sup> *Note to Form:* Include if the Assignee holds a Note, adjusting language as appropriate if the Assignee also elects to hold Notes.

<sup>6</sup> *Note to Form*: Set forth, to at least 9 decimals, as a percentage of the New Super Senior Exit Term Loans of all New Super Senior Exit Term Lenders thereunder.

<sup>7</sup> *Note to Form:* To be inserted by Holdco Term Loan Administrative Agent and to be the effective date of recordation of transfer in the register therefor (following receipt of Holdco Borrower's consent, if applicable).

<sup>8</sup> *Note to Form:* Include if the Assignee holds a Note, adjusting language as appropriate if the Assignee also elects to hold Notes.

Exhibit A-2

The terms set forth in this Assignment and Assumption are hereby agreed to as of the Effective Date:<sup>8</sup>

 

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| | |
|:---|:---|
| ASSIGNOR[S] | ASSIGNOR[S] |
| **[NAME OF ASSIGNOR]** | **[NAME OF ASSIGNOR]** |
| By: |  |
|  | Name: |
|  | Title: |
| **[NAME OF ASSIGNOR]** | **[NAME OF ASSIGNOR]** |
| By: |  |
|  | Name: |
|  | Title: |
| ASSIGNEE[S] | ASSIGNEE[S] |
| **[NAME OF ASSIGNEE]** | **[NAME OF ASSIGNEE]** |
| By: |  |
|  | Name: |
|  | Title: |
| **[NAME OF ASSIGNEE]** | **[NAME OF ASSIGNEE]** |
| By: |  |
|  | Name: |
|  | Title: |

---

<sup>8</sup> *Note to Form*: Add signature blocks as necessary.

Exhibit A-3

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| | |
|:---|:---|
| Accepted by: |  |
|  | **ORION ENERGY PARTNERS TP AGENT, LLC**, as Holdco Term Loan Administrative Agent |
|  | By: |
|  | Name: |
|  | Title: |
| [Consented to: ] |  |
|  | [**GRAPEVINE ENERGY HOLDINGS, LLC**, as Holdco Borrower]<sup>10</sup> |
|  | By: |
|  | Name: |
|  | Title: |

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<sup>10</sup> *Note to Form:* To be included when the Holdco Borrower's consent is required pursuant to Section 8.02(b) of the New Super Senior Exit Term Credit Agreement.

Exhibit A-4

ANNEX 1 to Assignment and Assumption

**STANDARD TERMS AND CONDITIONS FOR<br> ASSIGNMENT AND ASSUMPTION**

&nbsp;&nbsp;&nbsp;&nbsp;1. <u>Representations and Warranties</u>.

&nbsp;&nbsp;&nbsp;&nbsp;1.1 <u>Assignor[s]</u>. [The][Each] Assignor (a) represents and warrants that (i) it is the legal and beneficial
owner of [the][the relevant] Assigned Interest, (ii) [the][such] Assigned Interest is free and clear of any lien, encumbrance or other
adverse claim and (iii) it has full power and authority, and has taken all action necessary, to execute and deliver this Assignment and
Assumption and to consummate the transactions contemplated hereby; and (b) assumes no responsibility with respect to (i) any statements,
warranties or representations made in or in connection with the New Super Senior Exit Credit Agreement, the Common Terms and Term Intercreditor
Agreement or any other Holdco Term Financing Document, (ii) the execution, legality, validity, enforceability, genuineness, sufficiency
or value of the Holdco Term Financing Documents, the Common Terms and Term Intercreditor Agreement or any collateral thereunder, (iii)
the financial condition of the Holdco Borrower, any of its Affiliates or any other Person obligated in respect of any Holdco Term Financing
Document or the Common Terms and Term Intercreditor Agreement or (iv) the performance or observance by the Holdco Borrower, any of its
Affiliates or any other Person of any of their respective obligations under any Holdco Term Financing Document or the Common Terms and
Term Intercreditor Agreement.

&nbsp;&nbsp;&nbsp;&nbsp;1.2 <u>Assignee[s]</u>.
[The][Each] Assignee (a) represents
and warrants that (i) it has full power and authority, and has taken all action necessary, to execute and deliver this Assignment and
Assumption and to consummate the transactions contemplated hereby and to become a New Super Senior Exit Term Lender under the New Super
Senior Exit Term Credit Agreement, (ii) it meets all the requirements to be an assignee under Section 8.02(b) of the New Super Senior
Exit Term Credit Agreement (subject to such consents, if any, as may be required under Section 8.02(b) of the New Super Senior Exit Term
Credit Agreement), (iii) from and after the Effective Date, it shall be bound by the provisions of the New Super Senior Exit Term Credit
Agreement, the Common Terms and Term Intercreditor Agreement and the other Holdco Term Financing Documents to which the Assignor[s] [was][were]
party as a New Super Senior Exit Term Lender thereunder and, to the extent of [the][the relevant] Assigned Interest, shall have the obligations
of a New Super Senior Exit Term Lender thereunder, (iv) it is sophisticated with respect to decisions to acquire assets of the type represented
by the Assigned Interest and either it, or the person exercising discretion in making its decision to acquire the Assigned Interest,
is experienced in acquiring assets of such type, (v) it has received a copy of the New Super Senior Exit Term Credit Agreement, the Common
Terms and Term Intercreditor Agreement and the other Holdco Term Financing Documents to which the Assignor[s] [was][were] party, and
has received or has been accorded the opportunity to receive copies of the most recent financial statements delivered pursuant to Section
5.07 of the Common Terms and Term Intercreditor Agreement, as applicable, and such other documents and information as it deems appropriate
to make its own credit analysis and decision to enter into this Assignment and Assumption and to purchase [the][such] Assigned Interest,
(vi) [it has duly executed and delivered to the Holdco Term Loan Administrative Agent an Administrative Questionnaire,]<sup>11</sup>
(vii) it has, independently and without reliance upon the Holdco Term Loan Administrative Agent or any other New Super Senior Exit Term
Lender and based on such documents and information as it has deemed appropriate, made its own credit analysis and decision to enter into
this Assignment and Assumption and to purchase [the][such] Assigned Interest, and (ix) if it is entitled to an exemption from or reduction
of withholding tax under the law of the jurisdiction in which the Holdco Borrower is organized (or any treaty to which such jurisdiction
is a party), attached to the Assignment and Assumption is any documentation required to be delivered by it pursuant to the terms of the
New Super Senior Exit Term Credit Agreement, duly completed and executed by [the][such] Assignee; and (b) agrees that (i) [it will pay
to the Holdco Term Loan Administrative Agent, on or before the Effective Date, a processing and recordation fee in an amount of US $3,500.00,] <sup>11
11 11 11 12</sup> (ii) it will, independently and without reliance on the Holdco Term Loan Administrative Agent, [the] [any] Assignor
or any other New Super Senior Exit Term Lender, and based on such documents and information as it shall deem appropriate at the time,
continue to make its own credit decisions in taking or not taking action under the Holdco Term Financing Documents or the Common Terms
and Term Intercreditor Agreement, and [(ii)] [(iii)] it will perform in accordance with their terms all of the obligations which by the
terms of the Holdco Term Financing Documents and the Common Terms and Term Intercreditor Agreement are required to be performed by it
as a New Super Senior Exit Term Lender.

2. <u>Payments</u>. From and after the Effective Date, the Holdco
Term Loan Administrative Agent shall make all payments in respect of [the][each] Assigned Interest (including payments of principal,
interest, fees and other amounts) to [the][the relevant] Assignor for amounts which have accrued to but excluding the Effective Date
and to [the][the relevant] Assignee for amounts which have accrued from and after the Effective Date. Each party hereto agrees that it
will hold any interest, fees or other amounts that it may receive to which the other party hereto shall be entitled pursuant to the preceding
sentence for account of such other party and pay, in like money and funds, any such amounts that it may receive to such other party promptly
upon receipt.

3. <u>General Provisions</u>.
This Assignment and Assumption shall be binding upon, and inure to the benefit of, the parties hereto and their respective successors
and assigns. This Assignment and Assumption may be executed in any number of counteipaits. which together shall constitute one instrument.
Delivery oi' an executed counterpart oi'a signature page oi'this .Assignment and .Assumption by telecopy shall be effective as deliveiy-
of a manually executed counteipait of this .Assignment and .Assumption. This .Assignment and Assumption shall be governed by, and constiued
in accoidance with. the law of the State of New Yoik.

<sup>11</sup> *Note to Form*: Delete if there is an assignment to a New Super Senior Exit Term Lender pursuant to Section 8.02(b)(v) of the New Super Senior Exit Term Credit Agreement.

<sup>12</sup> *Note to Form*: Delete with respect to Affiliate Assignees in accordance with Section 8.02(b)(iv) of the New Super Senior Exit Term Credit Agreement.

Exhibit A-5

**EXHIBIT B<br> TO**

**CREDIT AGREEMENT**

**<u>Form of New Super Senior Exit Term Loan Note</u>**

THIS NOTE AND THE INDEBTEDNESS EVIDENCED BY THIS NOTE ARE SUBJECT TO THE TERMS SET FORTH IN THAT CERTAIN COMMON TERMS AND TERM INTERCREDITOR AGREEMENT, DATED AUGUST 11, 2025, AMONG ORION ENERGY PARTNERS TP AGENT, LLC, AS HOLDCO TERM LOAN ADMINISTRATIVE AGENT ON BEHALF OF ITSELF AND THE NEW SUPER SENIOR EXIT TERM LENDERS AND AS HOLDCO TERM COLLATERAL AGENT (EACH SUCH TERM AS DEFINED THEREIN), CTCI AMERICAS, INC. AND THE HOLDCO BORROWER.

---

| | |
|:---|:---|
| $[●] | [●], 20[●] |
|  | New York, New York |

---

FOR VALUE RECEIVED, the undersigned (the "<u>Holdco Borrower</u>"), hereby promises to pay to [●] (the "<u>New Super Senior Exit Term Lender</u>"), at the office of the Holdco Term Loan Administrative Agent as provided for by the New Super Senior Exit Term Credit Agreement referred to below, for the account of the New Super Senior Exit Term Lender, the principal sum of $[●] (or such lesser amount as shall equal the aggregate unpaid principal amount of the New Super Senior Exit Term Loans made by the New Super Senior Exit Term Lender to the Holdco Borrower under the New Super Senior Exit Term Credit Agreement), in lawful money of the United States of America and in immediately available funds, on the dates and in the principal amounts provided in the New Super Senior Exit Term Credit Agreement, and to pay interest on the unpaid principal amount of each such New Super Senior Exit Term Loan, at such office, in like money and funds, for the period commencing on the date of such New Super Senior Exit Term Loan until such New Super Senior Exit Term Loan shall be paid in full, at the rate per annum and on the dates provided in the New Super Senior Exit Term Credit Agreement.

The date, amount and interest rate of each New Super Senior Exit Term Loan made by the New Super Senior Exit Term Lender to the Holdco Borrower, and each payment made on account of the principal thereof, shall be recorded by the New Super Senior Exit Term Lender on its books and, prior to any transfer of this Note, endorsed by the New Super Senior Exit Term Lender on the schedule attached hereto or any continuation thereof, provided that the failure of the New Super Senior Exit Term Lender to make any such recordation or endorsement shall not affect the obligations of the Holdco Borrower to make a payment when due of any amount owing under the New Super Senior Exit Term Credit Agreement or hereunder in respect of the New Super Senior Exit Term Loans made by the New Super Senior Exit Term Lender.

This Note evidences New Super Senior Exit Term Loans made by the New Super Senior Exit Term Lender under the Credit Agreement, dated as of August 11, 2025 (as amended, restated, amended and restated, supplemented or otherwise modified and in effect from time to time, the "<u>New Super Senior Exit Term Credit Agreement</u>"), among the Holdco Borrower, each New Super Senior Exit Term Lender from time to time party thereto, and the Holdco Term Loan Administrative Agent. Terms used but not defined in this Note have the respective meanings assigned to them in the New Super Senior Exit Term Credit Agreement.

The New Super Senior Exit Term Credit Agreement provides for the acceleration of the maturity of this Note upon the occurrence of certain events and for prepayments of the New Super Senior Exit Term Loans upon the terms and conditions specified therein.

Except as permitted by Section 8.02 of the New Super Senior Exit Term Credit Agreement, this Note may not be assigned by the New Super Senior Exit Term Lender to any other Person.

Exhibit B-1

This Note shall be governed by, and construed in accordance with, the law of the State of New York.

---

| | |
|:---|:---|
| **GRAPEVINE ENERGY HOLDINGS, LLC,** | **GRAPEVINE ENERGY HOLDINGS, LLC,** |
| as Holdco Borrower | as Holdco Borrower |
| By: |  |
|  | Name: |
|  | Title: |

---

Exhibit B-2

**Schedule of New Super Senior Exit Term Loans**

This Note evidences New Super Senior Exit Term Loans made under the within described New Super Senior Exit Term Credit Agreement to the Holdco Borrower, on the dates, in the principal amounts and bearing interest at the rates set forth below, subject to the payments and prepayments of principal set forth below:

---

| | | | | |
|:---|:---|:---|:---|:---|
| Date | Principal Amount of <br> New Super Senior<br> Exit Term Loan | Interest Rate | Amount Paid or<br> Prepaid | Notation<br> made by |

---

Exhibit B-3

**EXHIBIT C<br> TO**

**CREDIT AGREEMENT**

**<u>Form of Borrowing Request</u>**

[INSERT DATE]<sup>13</sup>

Orion Energy Partners TP Agent, LLC, as Holdco Term Loan Administrative Agent

292 Madison Avenue, Suite 2500

New York, NY 10017

Attention: Ethan Shoemaker and Mark Friedland

Email: Ethan@OIC.com; Mark@OIC.com; ProjectGoldenBear@OIC.com

RE: <u>GRAPEVINE ENERGY HOLDINGS, LLC</u>

Ladies and Gentlemen:

The undersigned refers to that certain New Super Senior Exit Term Credit Agreement, dated as of August 11, 2025 (as amended, restated, amended and restated, supplemented or otherwise modified from time to time, the "<u>New Super Senior Exit Term Credit Agreement</u>"), among, GRAPEVINE ENERGY HOLDINGS, LLC, a Delaware limited liability company (the "<u>Holdco Borrower</u>"), each New Super Senior Exit Term Lender from time to time party thereto and the Holdco Term Loan Administrative Agent. All capitalized terms used herein shall have the respective meanings specified in the New Super Senior Exit Term Credit Agreement unless otherwise defined herein or unless the context requires otherwise.

The undersigned hereby requests a borrowing of New Super Senior Exit Term Loans under the New Super Senior Exit Term Credit Agreement (the "<u>Proposed Borrowing</u>"), as follows:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(1) The aggregate amount of the Proposed Borrowing of New Super Senior Exit Term Loans by the Holdco Borrower is $[●].

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(2) The date of the Proposed Borrowing is [●], which is a Business Day (the "<u>Drawdown Date</u>").

 

*[signature page follows]*

<sup>13</sup> *Note to Form:* In accordance with Section 2.01(c) of the New Super Senior Exit Term Credit Agreement, to be dated and delivered to the Holdco Term Loan Administrative Agent thirteen (13) Business Days before the date of the proposed borrowing date (or three (3) Business Days for the initial borrowing on the Closing Date).

Exhibit C-1

---

| | |
|:---|:---|
| **GRAPEVINE ENERGY HOLDINGS, LLC,** | **GRAPEVINE ENERGY HOLDINGS, LLC,** |
| as Holdco Borrower | as Holdco Borrower |
| By: |  |
|  | Name: |
|  | Title: |

---

Exhibit C-2

**ANNEX I**

**TO**

**CREDIT AGREEMENT**

**<u>New Super Senior Exit Term Loans</u>**

[\*\*\*]

**ANNEX II**

**TO**

**CREDIT AGREEMENT**

**<u>Lending Offices</u>**

[\*\*\*]

## Exhibit 4.4

**Exhibit 4.4**

COMMON TERMS AND TERM INTERCREDITOR AGREEMENT

dated as of

August 11, 2025

among

GRAPEVINE ENERGY HOLDINGS, LLC,<br> as the Holdco Borrower,

Orion Energy Partners TP Agent, LLC,<br> as Holdco Term Loan Administrative Agent on behalf of itself and the Holdco Term Lenders<br> and as Holdco Term Collateral Agent

and

CTCI AMERICAS, INC.,<br> as CTCI

---

| | | |
|:---|:---|:---|
| Article I DEFINITIONS | Article I DEFINITIONS | 2 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Section 1.01 | Certain Defined Terms | 2 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<u>Section 1.02</u> | Terms Generally | 26 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<u>Section 1.03</u> | Accounting Terms | 26 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<u>Section 1.04</u> | Divisions | 26 |
| <u>Article II THE HOLDCO TERM OBLIGATIONS</u> | <u>Article II THE HOLDCO TERM OBLIGATIONS</u> | 27 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<u>Section 2.01</u> | Holdco Term Facilities | 27 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<u>Section 2.02</u> | Transfers and Holding of Holdco Term Obligations | 28 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<u>Section 2.03</u> | Payment in Full of Certain Holdco Term Obligations | 28 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<u>Section 2.04</u> | Repayment of Holdco Term Obligations | 29 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<u>Section 2.05</u> | Prepayment of the Holdco Term Obligations | 29 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<u>Section 2.06</u> | Payments Generally; Ratable Treatment; Sharing of Setoffs | 31 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<u>Section 2.07</u> | Interest | 33 |
| <u>Article III REPRESENTATIONS AND WARRANTIES</u> | <u>Article III REPRESENTATIONS AND WARRANTIES</u> | 35 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<u>Section 3.01</u> | Due Organization, Etc | 35 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<u>Section 3.02</u> | Authorization, Etc | 35 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<u>Section 3.03</u> | No Conflict | 35 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<u>Section 3.04</u> | Approvals, Etc | 36 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<u>Section 3.05</u> | No Material Adverse Effect | 36 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<u>Section 3.06</u> | Litigation | 36 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<u>Section 3.07</u> | Authorizations; Environmental Matters | 36 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<u>Section 3.08</u> | Compliance with Laws and Obligations | 37 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<u>Section 3.09</u> | Taxes | 37 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<u>Section 3.10</u> | ERISA | 38 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<u>Section 3.11</u> | Foreign Assets Control Regulations; Anti-Corruption Laws; Anti-Money Laundering Laws | 38 |
| <u>Article IV CONDITIONS</u> | <u>Article IV CONDITIONS</u> | 39 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<u>Section 4.01</u> | Conditions to Closing Date | 39 |
| <u>Article V AFFIRMATIVE COVENANTS</u> | <u>Article V AFFIRMATIVE COVENANTS</u> | 41 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<u>Section 5.01</u> | Corporate Existence; Etc | 41 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<u>Section 5.02</u> | Conduct of Business | 41 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<u>Section 5.03</u> | Compliance with Laws and Obligations | 41 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<u>Section 5.04</u> | Maintenance of Title | 41 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<u>Section 5.05</u> | Insurance | 42 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<u>Section 5.06</u> | Payment of Taxes, Etc | 42 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<u>Section 5.07</u> | Financial Statements; Other Reporting Requirement | 42 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<u>Section 5.08</u> | Notices | 43 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<u>Section 5.09</u> | Use of Proceeds | 44 |

---

-i-

---

| | | |
|:---|:---|:---|
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<u>Section 5.10</u> | Security | 44.0 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<u>Section 5.11</u> | Further Assurances | 44.0 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<u>Section 5.12</u> | Collateral Accounts | 45.0 |
| <u>Article VI NEGATIVE COVENANTS</u> | <u>Article VI NEGATIVE COVENANTS</u> | 45.0 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<u>Section 6.01</u> | Subsidiaries | 45.0 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<u>Section 6.02</u> | Indebtedness | 45.0 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<u>Section 6.03</u> | Liens, Etc. | 46.0 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<u>Section 6.04</u> | Investments, Advances, Loans | 46.0 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<u>Section 6.05</u> | Business Activities; Passive Holding Company | 47.0 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<u>Section 6.06</u> | Restricted Payments | 47.0 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<u>Section 6.07</u> | Fundamental Changes; Asset Dispositions and Acquisitions | 47.0 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<u>Section 6.08</u> | Accounting Changes | 48.0 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<u>Section 6.09</u> | Transactions with Affiliates | 48.0 |
| <u>Article VII EVENTS OF DEFAULT</u> | <u>Article VII EVENTS OF DEFAULT</u> | 48.0 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<u>Section 7.01</u> | Events of Default | 48.0 |
| <u>Article VIII THE AGENTS</u> | <u>Article VIII THE AGENTS</u> | 52.0 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<u>Section 8.01</u> | Appointment and Authorization of the Holdco Term Collateral Agent | 52.0 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<u>Section 8.02</u> | Rights as a Holdco Term Financing Party | 53.0 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<u>Section 8.03</u> | Duties of Agent; Exculpatory Provisions | 53.0 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<u>Section 8.04</u> | Reliance by Holdco Term Collateral Agent | 53.0 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<u>Section 8.05</u> | Delegation of Duties | 54.0 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<u>Section 8.06</u> | Resignation of Agent | 54.0 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<u>Section 8.07</u> | Non-Reliance on Holdco Term Collateral Agent or Other Lenders | 54.0 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<u>Section 8.08</u> | No Other Duties; Etc | 55.0 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<u>Section 8.09</u> | New Super Senior Exit CTCI Agreement | 55.0 |
| <u>Article IX COLLATERAL AND INTERCREDITOR OBLIGATIONS</u> | <u>Article IX COLLATERAL AND INTERCREDITOR OBLIGATIONS</u> | 55.0 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<u>Section 9.01</u> | Priority of Claims | 56.0 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<u>Section 9.02</u> | Actions with Respect to Shared Collateral; Prohibition on Contesting Liens. | 56.0 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<u>Section 9.03</u> | No Interference; Payment Over; Exculpatory Provisions. | 56.0 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<u>Section 9.04</u> | Automatic Release of Liens. | 57.0 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<u>Section 9.05</u> | Insurance and Condemnation Awards | 57.0 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<u>Section 9.06</u> | Gratuitous Bailee/Agent for Perfection. | 57.0 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<u>Section 9.07</u> | Similar Liens and Agreements | 58.0 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<u>Section 9.08</u> | Obligation Payment Waterfall | 58.0 |
| <u>Article X MISCELLANEOUS</u> | <u>Article X MISCELLANEOUS</u> | 61.0 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<u>Section 10.01</u> | Notices | 61.0 |

---

-ii-

---

| | | |
|:---|:---|:---|
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<u>Section 10.02</u> | Waivers; Amendments | 62 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<u>Section 10.03</u> | Expenses; Indemnity; Etc | 64 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<u>Section 10.04</u> | Assignments | 65 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<u>Section 10.05</u> | Survival | 66 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<u>Section 10.06</u> | Counterparts; Integration; Effectiveness | 66 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<u>Section 10.07</u> | Severability | 66 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<u>Section 10.08</u> | Right of Setoff | 67 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<u>Section 10.09</u> | Governing Law; Jurisdiction; Etc | 67 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<u>Section 10.10</u> | Headings | 68 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<u>Section 10.11</u> | Confidentiality | 68 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<u>Section 10.12</u> | Non-Recourse | 69 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<u>Section 10.13</u> | No Third Party Beneficiaries | 69 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<u>Section 10.14</u> | Reinstatement | 69 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<u>Section 10.15</u> | USA PATRIOT Act | 69 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<u>Section 10.16</u> | Electronic Execution of Assignments and Certain Other Documents | 69 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<u>Section 10.17</u> | USURY | 70 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<u>Section 10.18</u> | Certain Tax Matters. | 70 |

---

-iii-

---

| |
|:---|
| Annex I – Holdco Term Obligations |
| Annex II – Consent Matters |
| Annex III – Exit Funding Issue Minimum MOIC |
| Schedule 1.01(a) – Site |
| Schedule 1.01(b) – Equity Shareholders |
| Schedule 3.06 – Litigation |
| Schedule 3.07 – Environmental Matters |
| Schedule 3.09 – Taxes |
| Schedule 6.01 – Closing Date Subsidiaries |
| Schedule 6.03 – Permitted Liens |
| Schedule 6.04 – Permitted Investments |
| Schedule 6.09 – Transactions with Affiliates |

---

-iv-

This COMMON TERMS AND TERM INTERCREDITOR AGREEMENT (this "<u>Agreement</u>") is dated as of August 11, 2025, among GRAPEVINE ENERGY HOLDINGS, LLC, a Delaware limited liability company ("<u>Holdco Borrower</u>"), Orion Energy Partners TP Agent, LLC, as the Holdco Term Loan Administrative Agent (as defined herein) on behalf of the Holdco Term Lenders (as defined herein), CTCI AMERICAS, INC., a Texas corporation ("<u>CTCI</u>") and the Holdco Term Collateral Agent (as defined herein).

WHEREAS, the Holdco Borrower and certain of its Affiliates (collectively, the "<u>Debtors</u>") commenced voluntary cases (the "<u>Chapter 11 Cases</u>") under chapter 11 of the Bankruptcy Code in the United States Bankruptcy Court for the Southern District of Texas (the "<u>Bankruptcy Court</u>") on April 16, 2025, and the Debtors continue to operate their businesses and manage their properties as debtors-in-possession pursuant to sections 1107 and 1108 of the Bankruptcy Code.

WHEREAS, in connection with the Chapter 11 Cases, the Holdco Borrower and certain of its Affiliates entered into to (i) that certain Senior Secured Super Priority Debtor-in-Possession Term Loan Credit Agreement, dated as of April 17, 2025, by and among, *inter alios*, the Holdco Borrower, Orion Energy Partners TP Agent, LLC, as administrative agent, and the lending institutions from time to time parties thereto (as amended, restated, amended and restated, supplemented or otherwise modified prior to the date hereof, the "<u>Existing DIP Term Loan Credit Agreement</u>") and (ii) that certain Senior Secured Super Priority Debtor-in-Possession Credit Agreement, dated as of April 17, 2025, by and among, *inter alios*, Central Valley Renewable Fuels, LLC (f/k/a Bakersfield Renewable Fuels, LLC), a Delaware limited liability company (the "<u>Refinery Company</u>"), the Holdco Borrower, Vitol Americas Corp., as administrative agent, and the lending institutions from time to time parties thereto (as amended, restated, amended and restated, supplemented or otherwise modified prior to the date hereof, the "<u>DIP RCF Credit Agreement</u>").

WHEREAS, BKRF OCB, LLC (the "<u>Prepetition Term Loan Borrower</u>") is party to that certain Credit and Guaranty Agreement, dated as of May 4, 2020 (as amended, restated, supplemented or otherwise modified from time to time prior to the date hereof), by and among, *inter alios*, the Prepetition Term Loan Borrower, certain Affiliates of the Prepetition Term Loan Borrower, as guarantors, Orion Energy Partners TP Agent, LLC, as administrative agent and collateral agent, and the lenders from time to time parties thereto (the "<u>Prepetition Term Loan Agreement</u>").

WHEREAS, Refinery Company is party to (i) that certain Turnkey Agreement with a Guaranteed Maximum Price for the Engineering, Procurement and Construction of the Bakersfield Renewable Fuels Project, dated as of May 18, 2021 (the "<u>Prepetition CTCI Agreement</u>") and (ii) that certain Project Management, Procurement, Construction, Operation and Maintenance Support Agreement, dated as of April 17, 2025 (the "<u>Existing CTCI Agreement</u>"), each by and between the Refinery Company and CTCI.

WHEREAS, on July 3, 2025, the Debtors filed the Second Amended Plan of Reorganization of Global Clean Energy Holdings, Inc. and its Debtor Affiliates Under Chapter 11 of the Bankruptcy Code, dated July 3, 2025 (Docket No. 301) (together with all schedules, documents and exhibits contained therein, as may be further amended, supplemented or modified from time to time, the "<u>Approved Plan</u>").

WHEREAS, on July 28, 2025, the Bankruptcy Court entered an order confirming the Approved Plan (the "<u>Confirmation Order</u>").

WHEREAS, the Holdco Borrower (and solely with respect to the New Super Senior Exit CTCI Agreement, the Refinery Company) is entering into this Agreement and each other Holdco Term Financing Document (as defined below) on the Closing Date to (a) replace the Existing DIP Term Loan Credit Agreement, the Existing CTCI Agreement, the Prepetition Term Loan Agreement and the Prepetition CTCI Agreement, (b) receive additional financing from the New Super Senior Exit Term Lenders (as defined herein) pursuant to the terms of the New Super Senior Exit Term Credit Agreement (as defined herein) and (c) receive additional operation and maintenance services (including the payment of moneys) from CTCI pursuant to the terms of the New Super Senior Exit CTCI Agreement and the Side Letter (each as defined herein).

WHEREAS, certain credit facilities and other obligations arising or provided under the Holdco Term Financing Documents will be secured by the grant to the Holdco Term Collateral Agent, for the benefit of the Holdco Term Financing Parties, of a first priority Lien on the Collateral (subject to Permitted Liens), all as more fully described herein.

WHEREAS, the Holdco Borrower, the Holdco Term Financing Parties, the Holdco Term Collateral Agent, the Holdco Term Loan Administrative Agent and CTCI desire to enter into this Agreement in order to set out certain provisions regarding, among other things: (1) the Holdco Term Obligations under the Holdco Term Financing Documents, (2) common representations and warranties of the Holdco Borrower; (3) common covenants of the Holdco Borrower; (4) common events of default under certain Holdco Term Financing Documents; and (5) certain voting and intercreditor rights among the Holdco Term Financing Parties.

NOW, THEREFORE, the parties hereto agree as follows:

Article I<br>DEFINITIONS

Section 1.01 <u>Certain Defined Terms</u>. As used in this Agreement, the following terms shall have the following meanings:

"<u>Accrued Interest</u>" means the payment-in-kind of interest in respect of the Holdco Term Obligations by increasing the outstanding principal or primary obligation amount of the Holdco Term Obligations.

"<u>Additional Material Document</u>" means any contract, or series of related contracts, entered into by Holdco Borrower or any other Company Party that provides for the payment by such Company Party of, or the provision to such Company Party of, goods or services with a value in excess of $5,000,000 annually or $15,000,000 in the aggregate over its term, but excluding (i) any contract, or series of related contracts, relating to any Indebtedness permitted by <u>Section 6.02</u> and (ii) any contract, or series of related contracts, which is required under emergency circumstances requiring immediate action to resume or maintain operation of the Company Parties in accordance with Prudent Industry Practices or to avoid imminent threat to human life or property.

"<u>Administrative Questionnaire</u>" means a questionnaire, in a form supplied by the Holdco Term Loan Administrative Agent, completed by a Holdco Term Lender.

"<u>Affected Property</u>" means any property of Holdco Borrower or any other Company Party that suffers an Event of Loss.

"<u>Affiliate</u>" means, with respect to a specified Person, another Person that at such time directly, or indirectly through one or more intermediaries, Controls or is Controlled by or is under common Control with the Person specified.

"<u>Agents</u>" means, collectively, the Holdco Term Loan Administrative Agent, CTCI and the Holdco Term Collateral Agent.

"<u>Agreement</u>" has the meaning assigned to such term in the preamble.

"<u>Annual Payment Date</u>" means the date selected by the Holdco Borrower on or prior to the date that is thirty (30) days after the date that the financial statements set forth in Section 9.06(a) of the Holdco Borrower LLC Agreement are required to be delivered.

"<u>Anti-Corruption Laws</u>" means any law of any jurisdiction relating to corruption in which any Company Party performs business, including the FCPA, the U.K. Bribery Act, and where applicable, legislation relating to corruption enacted by member states and signatories implementing the OECD Convention Combating Bribery of Foreign Officials.

"<u>Anti-Corruption Prohibited Activity</u>" means the offering, payment, promise to pay, authorization or the payment of any money or the offer, promise to give, given, or authorized giving of anything of value, to any Government Official or to any person under the circumstances where the Person, such Person's Affiliate's or such Person's representative knew or had reason to know that all or a portion of such money or thing of value would be offered, given or promised, directly or indirectly, to any Government Official, for the purpose of (a) influencing any act or decision of such Government Official in his or her official capacity, (b) inducing such Government Official to do or omit to do any act in relation to his or her lawful duty, (c) securing any improper advantage, or (d) inducing such Government Official to influence or affect any act or decision of any Governmental Authority, in each case, in order to assist such Person in obtaining or retaining business for or with, or in directing business to, any Person in violation of any applicable Anti-Corruption Law.

"<u>Anti-Money Laundering Laws</u>" means the U.S. Currency and Foreign Transaction Reporting Act of 1970, as amended, and all money laundering-related laws of the United States and other jurisdictions where such Person conducts business or owns assets, and any related or similar law issued, administered or enforced by any government authority.

"<u>Applicable Law</u>" means with respect to any Person, property or matter, any of the following applicable thereto: any constitution, writ, injunction, statute, law, regulation, ordinance, rule, judgment, rule of common law, order, decree, court decision, Authorization, approval, concession, grant, franchise, license, agreement, directive, guideline, policy, requirement, or other governmental restriction or any similar form of decision of, or determination by, or any interpretation or administration of any of the foregoing, by any Governmental Authority, whether in effect as of the date hereof or thereafter and in each case as amended including Environmental Laws.

"<u>Approved Plan</u>" has the meaning assigned to such term in the recitals hereto.

"<u>Authorization</u>" means any consent, waiver, variance, registration, filing, declaration, agreement, notarization, certificate, license, tariff, approval, permit, orders, authorization, exception or exemption from, by or with any Governmental Authority, whether given by express action or deemed given by failure to act within any specified period, and all corporate, creditors', shareholders' and partners' approvals or consents.

"<u>Authorized Representative</u>" means, with respect to any Person, the chief executive officer, the chief financial officer or any other appointed officer of such Person as may be designated from time to time by such Person in writing. Any document or certificate delivered under the Holdco Term Financing Documents that is signed by an Authorized Representative may be conclusively presumed by the Agents and Holdco Term Financing Parties to have been authorized by all necessary corporate, limited liability company or other action on the part of the relevant Person.

"<u>Bankruptcy</u>" means with respect to any Person (i) commencement by such Person of any case or other proceeding (x) under any existing or future law of any jurisdiction, domestic or foreign, relating to bankruptcy, insolvency, reorganization or relief of debtors, seeking to have an order for relief entered with respect to it, or seeking to adjudicate it a bankrupt or insolvent, or seeking reorganization, arrangement, adjustment, winding-up, liquidation, dissolution, composition or other relief with respect to it or its debts, or (y) seeking appointment of a receiver, trustee, custodian or other similar official for it or for all or any substantial part of its assets; or (ii) commencement against such Person of any case or other proceeding of a nature referred to in clause (x) or (y) above which (a) results in the entry of an order for relief or any such adjudication or appointment or (b) remains undismissed, undischarged or unbonded for a period of sixty (60) days; or (iii) commencement against such Person of any case or other proceeding seeking issuance of a warrant of attachment, execution or similar process against all or any substantial part of its assets which results in the entry of an order for any such relief which shall not have been vacated, discharged, or stayed or bonded pending appeal within 60 days from the entry thereof; or (iv) such Person shall take any action in furtherance of, or indicating its consent to, approval of, or acquiescence in, any of the acts set forth in clause (i), (ii) or (iii) above; or (v) such Person shall admit in writing its inability to pay its debts as they become due or shall make a general assignment for the benefit of its creditors.

"<u>Bankruptcy Code</u>" means Title 11 of the United States Code, as amended from time to time.

"<u>Bankruptcy Court</u>" has the meaning assigned to such term in the recitals hereto.

"<u>Board</u>" means the Board of Governors of the Federal Reserve System of the United States of America.

"<u>Business Day</u>" means a day other than a Saturday, Sunday or other day on which commercial banks in New York City, New York are authorized or required by law to close.

"<u>Capital Expenditures</u>" means with respect to any Person, the aggregate of all expenditures and costs (whether paid in cash or accrued as liabilities and including that portion of payments under Capital Lease Obligations that are capitalized on the balance sheet of such Person) by such Person and its Subsidiaries which are required to be capitalized under GAAP on a balance sheet of such Person.

"<u>Capital Lease Obligations</u>" means, with respect to any Person, the obligations of such Person to pay rent or any other amounts under any lease of (or other arrangements conveying the right to use) real or personal property, which obligations are required to be classified and accounted for as capital leases on a balance sheet of such Person in accordance with GAAP (to be determined without giving effect to ASC (Leases)).

"<u>Capital Stock</u>" means, with respect to any Person, any and all shares, interests, participations and/or rights in or other equivalents (however designated, whether voting or nonvoting, ordinary or preferred) in the equity or capital of such Person, now or hereafter outstanding, and any and all rights, warrants or options exchangeable for or convertible into any of the foregoing.

"<u>Cash Equivalents</u>" means:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) direct obligations of the United States of America or any agency thereof or obligations guaranteed by the United States of America or any agency thereof, in each case with maturities not exceeding two years;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) time deposit accounts, certificates of deposit and money market deposits maturing within 180 days of the date of acquisition thereof issued by a bank or trust company that is organized under the laws of the United States of America, or any state thereof having capital, surplus and undivided profits in excess of $250,000,000 and whose long-term debt, or whose parent holding company's long-term debt, is rated A (or such similar equivalent rating or higher) by at least one nationally recognized statistical rating organization (as defined in Rule 436 under the Securities Act);

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) repurchase obligations with a term of not more than 180 days for underlying securities of the types described in clause (a) above entered into with a bank meeting the qualifications described in clause (b) above;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(d) commercial paper, maturing not more than one year after the date of acquisition, issued by a corporation (other than an Affiliate of Holdco Borrower) organized and in existence under the laws of the United States of America or any foreign country recognized by the United States of America with a rating at the time as of which any investment therein is made of P-1 (or higher) according to Moody's or A-1 (or higher) according to S&P;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(e) securities with maturities of two years or less from the date of acquisition issued or fully guaranteed by any state, commonwealth or territory of the United States of America, or by any political subdivision or taxing authority thereof, and rated at least A by S&P or A-2 by Moody's;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(f) shares of mutual funds whose investment guidelines restrict 95% of such funds' investments to those satisfying the provisions of clauses (a) through (e) above;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(g) taxable and tax-exempt auction rate securities rated AAA by S&P and Aaa by Moody's and with a reset of less than 90 days;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(h) money market funds that (i) comply with the criteria set forth in Rule 2a-7 under the Investment Company Act of 1940, (ii) are rated A or higher by S&P and A-2 or higher by Moody's and (iii) have portfolio assets of at least $500,000,000;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i) funds/cash uninvested in a trust or deposit account of the Depositary Bank; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(j) cash.

"<u>Change in Law</u>" means (a) the adoption of any law, rule or regulation after the date of this Agreement, (b) any change in any law, rule or regulation or in the interpretation or application thereof (including any change in the reserve percentage under, or other change in, Regulation D) by any Governmental Authority after the date of this Agreement or (c) compliance by any Holdco Term Financing Party with any request, guideline or directive (whether or not having the force of law) of any Governmental Authority made or issued after the date of this Agreement. Notwithstanding anything herein to the contrary, (x) the Dodd Frank Wall Street Reform and Consumer Protection Act and all requests, rules, guidelines or directives thereunder or issued in connection therewith and (y) all requests, rules, guidelines or directives promulgated by the Bank for International Settlements, the Basel Committee on Banking Supervision (or any successor or similar authority) or the United States or foreign regulatory authorities, in each case pursuant to Basel III, shall in each case be deemed to be a "Change in Law", regardless of the date enacted, adopted or issued.

"<u>Chapter 11 Cases</u>" has the meaning specified in the recitals hereto.

"<u>Closing Date</u>" means the first date on which all conditions precedent specified in <u>Section 4.01</u> are satisfied (or waived by the Holdco Term Loan Administrative Agent and the Holdco Term Financing Parties in their sole and absolute discretion in accordance with <u>Section 10.02</u>).

"<u>Code</u>" means the U.S. Internal Revenue Code of 1986, as amended.

"<u>Collateral</u>" means (a) all Property of Holdco Borrower and (b) the Capital Stock of Holdco Borrower owned by the Equity Shareholders, in each case, now owned or hereafter acquired, and which is intended to be subject to the security interests or Liens granted pursuant to any of the Holdco Term Security Documents.

"<u>Collateral Account</u>" means an account held by the Holdco Borrower at the Depositary Bank, which shall be subject to a Control Agreement as of the Deposit Account Deadline.

"<u>Company Documents</u>" means, without duplication, the Material Documents and each other agreement related to the development, construction, operation, maintenance, management, administration, ownership or use of the Project, the sale of renewable diesel therefrom, the provision of feedstocks, catalyst and other services thereto and Real Property rights and interests relating to the Project, in each case, entered into by, or assigned to, any Company Party.

"<u>Company Parties</u>" means, collectively, the Holdco Borrower and each of its direct and indirect subsidiaries from time to time. As of the date hereof, the Company Parties are listed on Schedule 6.01.

"<u>Condemnation</u>" means any taking, seizure, confiscation, requisition, exercise of rights of eminent domain, public improvement, inverse condemnation, condemnation, expropriation, nationalization or similar action of or proceeding by any Governmental Authority affecting any Company Party.

"<u>Confirmation Order</u>" has the meaning assigned to such term in the recitals.

"<u>Control</u>" 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. "<u>Controlling</u>" and "<u>Controlled</u>" have meanings correlative thereto.

"<u>Control Agreement</u>" means an account control agreement in respect of one or more deposit accounts or securities accounts of the Holdco Borrower, in form and substance reasonably satisfactory to the Holdco Term Collateral Agent, executed by the Depositary Bank.

"<u>CTCI</u>" has the meaning assigned to such term in the preamble.

"<u>Debt Prepayment Offer</u>" has the meaning assigned to such term in <u>Section 2.05(b)(iv)</u>.

"<u>Default</u>" means any event, condition or circumstance that, with notice or lapse of time or both, would (unless cured or waived) become an Event of Default.

"<u>Deposit Account Deadline</u>" means the date that is thirty (30) days after the Closing Date, as such time period may be extended by the Holdco Term Loan Administrative Agent in writing in its reasonable discretion.

"<u>Depositary Bank</u>" means the account bank at which Holdco Borrower maintains the Collateral Account.

"<u>DIP RCF Credit Agreement</u>" has the meaning assigned to such term in the recitals hereto.

"<u>Direct Costs</u>" has the meaning assigned to such term in the New Super Senior Exit CTCI Agreement (as in effect on August 11, 2025).

"<u>Disposition</u>" has the meaning assigned to such term in <u>Section 2.05(b)(iii)</u>.

"<u>Disposition Proceeds Prepayment Offer</u>" has the meaning assigned to such term in <u>Section 2.05(b)(iii)</u>.

"<u>Dollars</u>" or "<u>$</u>" refers to the lawful currency of the United States of America.

"<u>EEA Financial Institution</u>" means (a) any credit institution or investment firm established in any EEA Member Country which is subject to the supervision of an EEA Resolution Authority, (b) any entity established in an EEA Member Country which is a parent of an institution described in <u>clause (a)</u> of this definition, or (c) any financial institution established in an EEA Member Country which is a subsidiary of an institution described in <u>clause (a)</u> or <u>(b)</u> of this definition and is subject to consolidated supervision with its parent.

"<u>EEA Member Country</u>" means any of the member states of the European Union, Iceland, Liechtenstein, and Norway.

"<u>EEA Resolution Authority</u>" means any public administrative authority or any person entrusted with public administrative authority of any EEA Member Country (including any delegee) having responsibility for the resolution of any EEA Financial Institution.

"<u>Entara Agreement</u>" means the Letter Agreement Amending Management Services Agreement, dated as of July 9, 2025, by and between Entara LLC and the Refinery Company.

"<u>Environment</u>" means soil, surface water and groundwater (including potable water, groundwater and wetlands), the land, surface or subsurface strata or sediment, indoor and ambient air, and natural resources such as flora and fauna or otherwise defined in any Environmental Law.

"<u>Environmental Claim</u>" means any administrative or judicial action, suit, proceeding, notice, claim or demand by any Person seeking to enforce any obligation or responsibility arising under or relating to Environmental Law or alleging or asserting liability for investigatory costs, cleanup or other remedial costs, legal costs, environmental consulting costs, governmental response costs, damages to natural resources or other property, personal injuries, fines or penalties related to (a) the presence, or Release into the Environment, of any Hazardous Material at any location, whether or not owned by the Person against whom such claim is made, or (b) any violation of, or alleged violation of, or liability arising under any Environmental Law. The term "Environmental Claim" shall include, without limitation any claim by any Person for damages, contribution, indemnification, cost recovery, compensation or injunctive relief or costs associated with any remediation plan, in each case, under any Environmental Law.

"<u>Environmental Laws</u>" means any Applicable Laws regulating or imposing liability or standards of conduct concerning or relating to pollution or the protection of human health and safety (to the extent relating to exposure to Hazardous Materials), the environment, natural resources or special status species and their habitat, including all Applicable Laws concerning the presence, use, manufacture, generation, transportation, Release, threatened Release, disposal, arrangement for disposal, dumping, discharge, treatment, storage or handling of Hazardous Materials.

"<u>EPC Claims</u>" means, individually or collectively, as the context may require, the New Super Senior Exit CTCI Obligations, the obligations with respect to the Side Letter, the Post-Exit CTCI DIP Deferred Payment Obligation, the Subordinated Senior Secured EPC Claim, the Subordinated Secured EPC Claim and the Subordinated Junior EPC Claim.

"<u>Equity Shareholders</u>" means the equity owners of the Holdco Borrower from time to time pursuant to the Holdco Borrower LLC Agreement. The Equity Shareholders as of the Closing Date are set forth on <u>Schedule 1.01(b)</u>.

"<u>ERISA</u>" means the Employee Retirement Income Security Act of 1974, as amended from time to time.

"<u>ERISA Affiliate</u>" means any trade or business (whether or not incorporated) that, together with Holdco Borrower, is treated as a single employer under Sections 414(b), (c), (m) or (o) of the Code.

"<u>ERISA Event</u>" means (a) a Reportable Event with respect to any Pension Plan, (b) the failure by any Pension Plan to satisfy the minimum funding standard (within the meaning of Section 412 of the Code or Section 302 of ERISA) applicable to such plan, whether or not waived, (c) the filing of a notice of intent to terminate a Pension Plan in a distress termination (as described in Section 4041(c) of ERISA), (d) a complete or partial withdrawal by Holdco Borrower or any ERISA Affiliate from a Multiemployer Plan or notification that a Multiemployer Plan is in reorganization or insolvent (within the meaning of Title IV of ERISA), (e) the imposition or incurrence of any liability under Title IV of ERISA, other than PBGC premiums due but not delinquent under Section 4007 of ERISA, upon Holdco Borrower or any ERISA Affiliate, (f) the institution by the PBGC of proceedings to terminate a Pension Plan or Multiemployer Plan, (g) the appointment of a trustee to administer any Pension Plan under Section 4042 of ERISA, or (h) the imposition of a Lien upon Holdco Borrower pursuant to Section 430(k) of the Code or Section 303(k) of ERISA.

"<u>EU Bail-In Legislation Schedule</u>" means the EU Bail-In Legislation Schedule published by the Loan Market Association (or any successor person), as in effect from time to time.

"<u>Event of Default</u>" has the meaning assigned to such term in <u>Section 7.01</u>.

"<u>Event of Loss</u>" means any loss of, destruction of or damage to, or any Condemnation or other taking of any property of Holdco Borrower.

"<u>Event of Loss Prepayment Offer</u>" has the meaning assigned to such term in <u>Section 2.05(b)(ii)</u>.

"<u>Excess Cash Flow</u>" means, as of any Annual Payment Date, (w) any funds distributed to the Holdco Borrower from the other Company Parties in the period after the previous Annual Payment Date *minus* (x) any Investments (i) made in the period after the previous Annual Payment Date or (ii) contemplated to be made in the period through the next Annual Payment Date and permitted to be made accordance with Section 6.04 *minus* (y) without duplication of clause (x), any amounts reserved in the Collateral Account to pay Holdco Borrower O&M Costs then due or payable or reasonably expected to become due and payable, as determined by the Board (as defined in the Holdco Borrower LLC Agreement) in its reasonable judgment *minus* (z) without duplication of clauses (x) or (y), any amounts reserved in the Collateral Account for potential Holdco Borrower O&M Costs or expected Capital Expenditures, as determined by the Board (as defined in the Holdco Borrower LLC Agreement) in its reasonable judgment.

"<u>Existing CTCI Agreement</u>" has the meaning assigned to such term in the recitals hereto.

"<u>Existing DIP Term Loan Credit Agreement</u>" has the meaning assigned to such term in the recitals hereto.

"<u>Exit Funding Issue</u>" means Exit Funding Issue (CTCI) or Exit Funding Issue (Lenders), as applicable.

"<u>Exit Funding Issue (CTCI)</u>" means that as of the first anniversary of the Closing Date (a) the Refinery Company shall have been in compliance in all material respects with its obligations under the New Super Senior Exit CTCI Agreement and any such non-compliance shall have adversely impacted CTCI's ability to pay Service Contract Invoices and Grapevine Payroll Invoices (each under and as defined in the New Super Senior Exit CTCI Agreement), (b) the Refinery Company shall have used commercially reasonable efforts to facilitate payments by CTCI pursuant to the New Super Senior Exit CTCI Agreement, (c) any New Super Senior Exit Term Loans funded on or prior to such date shall have been used in accordance with <u>Section 5.09</u> and (d) the aggregate amount of New Super Senior Exit Term Loans funded as of such date exceeds the aggregate amount of Direct Costs as of such date *plus* $7,232,395 (such difference, the "<u>Exit Funding Delta (Lenders)</u>" and the New Super Senior Exit Term Loans solely attributable to such Exit Funding Delta (Lenders), the "<u>Updated Primary Obligations (Lenders)</u>"). Notwithstanding the foregoing, there will be no Exit Funding Issue (CTCI) or Updated Primary Obligations (Lenders) if and to the extent the Exit Funding Delta (Lenders) arises from or relates to one or more of the following: (a) payments and other transfers to or for the benefit of CTCI that temporarily reduce the unreimbursed balance of Direct Costs, such as might occur if a payment to CTCI is made before the first anniversary of the Closing Date and Direct Costs are incurred, or would reasonably be expected to be incurred, within forty (40) days after the first anniversary that reduce or eliminate the Exit Funding Delta (Lenders); (b) the Refinery Company has not requested Services (as defined in the New Super Senior Exit CTCI Agreement) with associated Direct Costs totaling at least the Direct Cost Limit (as defined in the New Super Senior Exit CTCI Agreement) as of the first anniversary of the Closing Date; or (c) any acts or omissions by one or more of Holdco Borrower, the Refinery Company, and the New Senior Secured Term Lenders to artificially create an Exit Funding Delta (Lenders).

"<u>Exit Funding Issue (Lenders)</u>" means that, as of the first anniversary of the Closing Date, the aggregate amount of Direct Costs as of such date *plus* $7,232,395 exceeds the aggregate amount of New Super Senior Exit Term Loans funded as of such date (such difference, the "<u>Exit Funding Delta (CTCI)</u>" and the Direct Costs or the funded Holdco Term Obligations in the Side Letter solely attributable to such Exit Funding Delta (CTCI), the "<u>Updated Primary Obligations (CTCI)</u>").

"<u>Exit Funding Issue Minimum MOIC</u>" means the economic terms set forth on <u>Annex III</u>.

"<u>Extraordinary MPD Proceeds</u>" has the meaning assigned to such term in <u>Section 2.05(b)(i)</u>.

"<u>FCPA</u>" means the United States Foreign Corrupt Practices Act of 1977, as amended.

"<u>Federal Funds Effective Rate</u>" means, for any day, the weighted average (rounded upwards, if necessary, to the next 1/100 of 1%) of the rates on overnight Federal funds transactions with members of the Federal Reserve System arranged by Federal funds brokers, as published on the next succeeding Business Day by the Federal Reserve Bank of New York, or, if such rate is not so published for any day that is a Business Day, the average (rounded upwards, if necessary, to the next 1/100 of 1%) of the quotations for such day for such transactions received by the Holdco Term Loan Administrative Agent from three Federal funds brokers of recognized standing selected by it.

"<u>First Out Subordinated Senior Secured Term Facility</u>" means the credit facility with respect to the First Out Subordinated Senior Secured Term Loans.

"<u>First Out Subordinated Senior Secured Term Lender</u>" has the meaning assigned to such term in the Holdco Term Credit Agreement.

"<u>First Out Subordinated Senior Secured Term Loan</u>" has the meaning assigned to such term in the Holdco Term Credit Agreement.

"<u>First Out Subordinated Senior Secured Term Obligations</u>" means the Holdco Term Obligations with respect to the First Out Subordinated Senior Secured Term Facility.

"<u>Foreign Plan</u>" means any employee pension benefit plan, program, policy, arrangement or agreement maintained or contributed to by the Holdco Borrower or any Subsidiary with respect to employees employed outside the United States (other than any governmental arrangement).

"<u>GAAP</u>" means generally accepted accounting principles in effect from time to time in the United States of America, applied on a consistent basis.

"<u>Government Official</u>" means an official of a Governmental Authority.

"<u>Governmental Authority</u>" means any federal, regional, state or local government, or political subdivision thereof or other entity exercising executive, legislative, judicial, taxing, regulatory or administrative functions of or pertaining to government and having jurisdiction over the Person or matters in question, including all agencies and instrumentalities of such governments and political subdivisions.

"<u>Guarantee</u>" means as to any Person (the "*guaranteeing person*"), any obligation of (a) the guaranteeing person or (b) another Person (including any bank under any letter of credit), if to induce the creation of such obligation of such other Person, the guaranteeing person has issued a reimbursement, counterindemnity or similar obligation, in either case guaranteeing or in effect guaranteeing any Indebtedness, leases, dividends or other obligations (the "*primary obligations*") of any other third Person (the "*primary obligor*") in any manner, whether directly or indirectly, including any obligation of the guaranteeing person, whether or not contingent, (w) to purchase any such primary obligation or any Property constituting direct or indirect security therefor, (x) to advance or supply funds (i) for the purchase or payment of any such primary obligation or (ii) to maintain working capital or equity capital of the primary obligor or otherwise to maintain the net worth or solvency of the primary obligor, (y) to purchase Property, securities or services, in each case, primarily for the purpose of assuring the owner of any such primary obligation of the ability of the primary obligor to make payment of such primary obligation or (z) otherwise to assure or hold harmless the owner of any such primary obligation against loss in respect thereof; <u>provided</u> that the term Guarantee shall not include endorsements of instruments for deposit or collection in the ordinary course of business. The amount of any Guarantee of any guaranteeing person shall be deemed to be the lower of (A) an amount equal to the stated or determinable amount of the primary obligation in respect of which such Guarantee is made and (B) the maximum amount for which such guaranteeing person may be liable pursuant to the terms of the instrument embodying such Guarantee, unless such primary obligation and the maximum amount for which such guaranteeing person may be liable are not stated or determinable, in which case the amount of such Guarantee shall be such guaranteeing person's maximum reasonably anticipated liability in respect thereof as determined by Holdco Borrower in good faith.

"<u>Hazardous Material</u>" means, but is not limited to, any solid, liquid, gas, odor, radiation or other substance or emission which is a contaminant, pollutant, dangerous substance, toxic substance, regulated substance, hazardous waste, subject waste, hazardous material or hazardous substance which is or becomes regulated by applicable Environmental Laws or which is classified as hazardous or toxic under applicable Environmental Laws (including gasoline, diesel fuel or other petroleum hydrocarbons, polychlorinated biphenyls, asbestos and urea formaldehyde foam insulation) or with respect to which liability or standards of conduct are imposed under any Environmental Laws.

"<u>Holdco Borrower</u>" has the meaning assigned to such term in the preamble.

"<u>Holdco Borrower LLC Agreement</u>" means that certain Amended and Restated Limited Liability Company Agreement of Grapevine Energy Holdings, LLC, dated as of the Closing Date, among the Equity Shareholders.

"<u>Holdco Borrower O&M Costs</u>" shall mean the sum (computed without duplication), each on a cash basis, of the following incurred and due and payable or becoming due and payable by the Holdco Borrower in any particular calendar or fiscal year or other period to which said term is applicable: (a) general and administrative expenses payable by the Holdco Borrower; (b) any direct Taxes (other than income taxes) payable by the Holdco Borrower in the ordinary course of business in connection with the ownership of its Subsidiaries during such period; (c) any principal, interest, fees and other amounts payable by the Holdco Borrower under the Holdco Term Financing Documents in cash including, for the avoidance of doubt, any voluntary prepayments made by the Holdco Borrower under the Holdco Term Financing Documents; (d) any legal, accounting and other professional fees attendant to any of the foregoing items payable by the Holdco Borrower; and (e) any Investment by the Holdco Borrower in any other Company Party pursuant to Section 6.04(a) (but excluding, in each of clauses (a) through (e), any payments on indebtedness (other than the Holdco Term Obligations) and non-cash charges, such as depreciation, amortization or other bookkeeping entries of a similar nature), in each case, during such period.

"<u>Holdco Borrower Revenues</u>" means, for any period (without duplication), all revenue received by or on behalf of the Holdco Borrower during such period, including interest paid in respect of the Collateral Account.

"<u>Holdco CTCI Counsel</u>" means Davis Wright Tremaine LLP and Haynes and Boone, LLP, as counsel to CTCI, in each case, in connection with this Agreement and the other Holdco Term Financing Documents.

"<u>Holdco CTCI Deferred Payment Agreement</u>" means that certain Claim Agreement, dated as of the Closing Date, by and between the Holdco Borrower and CTCI.

"<u>Holdco Term Collateral Agent</u>" means Orion Energy Partners TP Agent, LLC, in its capacity as Holdco Term Collateral Agent for the Secured Parties, and any successor thereto pursuant <u>Article VIII</u>.

"<u>Holdco Term Credit Agreement</u>" means that certain Credit Agreement, dated as of the Closing Date, by and among the Holdco Borrower, the Holdco Term Lenders from time to time party thereto and the Holdco Term Loan Administrative Agent.

"<u>Holdco Term Facility</u>" means, individually or collectively, as the context may require, the Holdco Term Facilities (as defined in the Holdco Term Credit Agreement), the New Super Senior Exit Term Facility and the EPC Claims.

"<u>Holdco Term Financing Documents</u>" means (a) this Agreement, (b) each Note (if requested by a Holdco Term Financing Party), (c) the Holdco Term Security Documents, (d) the Holdco CTCI Deferred Payment Agreement, (e) the Holdco Term Credit Agreement, (f) the New Super Senior Exit Term Credit Agreement, (g) the New Super Senior Exit CTCI Agreement, (h) the Side Letter and (i) each certificate, agreement, instrument, waiver, consent or document executed by the Holdco Borrower or the Refinery Company and delivered to the Agents or any Holdco Term Financing Party in connection with or pursuant to any of the foregoing and designated as a "Holdco Term Financing Document." For the avoidance of doubt, the Holdco Borrower LLC Agreement shall not constitute a Holdco Term Financing Document.

"<u>Holdco Term Financing Parties</u>" means each of the Holdco Term Lenders and CTCI.

"<u>Holdco Term Lender Counsel</u>" means (a) Latham & Watkins LLP, as counsel to the Holdco Term Loan Administrative Agent, Holdco Term Collateral Agent and the Holdco Term Lenders, in each case, in connection with this Agreement and the other Holdco Term Financing Documents and (b) the other counsels hired by Holdco Term Loan Administrative Agent and/or the Holdco Term Collateral Agent in connection with the Holdco Term Financing Documents.

"<u>Holdco Term Lenders</u>" means, individually or collectively, as the context may require, the Holdco Term Lenders (as defined in the Holdco Term Credit Agreement) and the New Super Senior Exit Term Lenders.

"<u>Holdco Term Loan</u>" means, individually or collectively, as the context may require, the New Super Senior Exit Term Loan, the New Senior Secured Term Loan, First Out Subordinated Senior Secured Term Loan, Second Out Subordinated Senior Secured Term Loan and Subordinated Junior Term Loan.

"<u>Holdco Term Loan Administrative Agent</u>" means Orion Energy Partners TP Agent, LLC, in its capacity as Holdco Term Loan Administrative Agent for the Holdco Term Lenders hereunder, and any successor thereto pursuant to <u>Article VIII</u>.

"<u>Holdco Term Obligations</u>" means all advances to, and debts (including Accrued Interest, interest accruing after the maturity of any of the foregoing and interest accruing after the filing of any Bankruptcy), liabilities, obligations, covenants and duties of, the Holdco Borrower or the Refinery Company arising under any Holdco Term Financing Document, in all cases whether direct or indirect (including those acquired by assumption), absolute or contingent, due or to become due, now existing or hereafter arising. For the avoidance of doubt, any obligations or interests in the Holdco Borrower pursuant to the Holdco Borrower LLC Agreement shall not constitute Holdco Term Obligations.

"<u>Holdco Term Pledge Agreement</u>" means that certain Pledge Agreement, dated as of the Closing Date, among the Equity Shareholders and the Holdco Term Collateral Agent, on behalf of the Holdco Term Lenders and CTCI.

"<u>Holdco Term Secured Parties</u>" means the Agents and the Holdco Term Financing Parties (other than any Holdco Term Financing Parties with respect to the Subordinated Junior Term Facility and the Subordinated Junior EPC Claims).

"<u>Holdco Term Security Agreement</u>" means that certain Pledge and Security Agreement, dated as of the Closing Date, between the Holdco Borrower and the Holdco Term Collateral Agent, on behalf of the Holdco Term Lenders and CTCI.

"<u>Holdco Term Security Documents</u>" means the Holdco Term Security Agreement, the Holdco Term Pledge Agreement, the Control Agreement and any security agreement or instrument to be executed or filed pursuant hereto or any Holdco Term Security Document.

"<u>Indebtedness</u>" of any Person means, without duplication, all (a) indebtedness for borrowed money and every reimbursement obligation with respect to letters of credit, bankers' acceptances or similar facilities, (b) obligations evidenced by bonds, debentures, notes or other similar instruments, (c) obligations to pay the deferred purchase price of property or services, except accounts payable and accrued expenses arising in the ordinary course of business and payable within ninety (90) days past the original invoice or billing date thereof, (d) liabilities under interest rate or currency swap agreements, interest rate or currency collar agreements and all other agreements or arrangements designed to protect against fluctuations in interest rates and currency exchange rates, (e) the capitalized amount (determined in accordance with GAAP) of all payments due or to become due under all leases and agreements to enter into leases required to be classified and accounted for as a capital lease in accordance with GAAP, (f) reimbursement obligations (contingent or otherwise) pursuant to any performance bonds or collateral security, (g) Indebtedness of others described in clauses (a) through (f) above secured by (or for which the holder thereof has an existing right, contingent or otherwise, to be secured by) a Lien on the property of such Person, whether or not the respective Indebtedness so secured has been assumed by such Person and (h) Indebtedness of others described in clauses (a) through (g) above guaranteed by such Person. The Indebtedness of any Person shall include the Indebtedness of any partnership in which such Person is a general partner to the extent such Person is liable therefor as a result of such Person's general partner interest in such partnership, except to the extent the terms of such Indebtedness provide that such Person is not liable therefor.

"<u>Indemnified Party</u>" has the meaning assigned to such term in <u>Section 10.03(b)</u>.

"<u>Initial Material Documents</u>" means:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) the Vitol S&O Agreement; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) the Vitol S&S Agreement.

"<u>Interest Rate</u>" means (a) with respect to all Holdco Term Obligations (except for the New Super Senior Exit Term Loans, the New Super Senior Exit CTCI Obligations and the obligations under the Side Letter), a rate per annum equal to 8.00%, (b) with respect to the New Super Senior Exit Term Loans and obligations under the Side Letter, a rate per annum equal to 16.50% and (c) with respect to the O&M Interest, a rate per annum equal to 15.25%.

"<u>Investment</u>" means for any Person (a) the acquisition (whether for cash, Property of such Person, services or securities or otherwise) of Capital Stock, bonds, notes, debentures, debt securities, partnership or other ownership interests or other securities of, or any Property constituting an ongoing business, line of business, division or business unit of or constituting all or substantially all the assets of, or the making of any capital contribution to, any other Person, (b) the making of any advance, loan or other extension of credit to, any other Person (including the purchase of Property from another Person subject to an understanding or agreement, contingent or otherwise, to resell such Property to such Person, but excluding any such advance, loan or extension of credit having a term not exceeding ninety (90) days representing the purchase price of inventory or supplies sold in the ordinary course of business), (c) the entering into of any Guarantee with respect to Indebtedness or other liability of any other Person, and (d) any other investment that would be classified as such on a balance sheet of such Person in accordance with GAAP.

"<u>Lien</u>" means any mortgage, charge, pledge, lien (statutory or other), privilege, security interest, hypothecation, collateral assignment or preference, priority or other security agreement, mandatory deposit arrangement, preferential arrangement or other encumbrance upon or with respect to any property of any kind, real or personal, movable or immovable, now owned or hereafter acquired (including any conditional sale or other title retention agreement, any financing lease having substantially the same economic effect as any of the foregoing and the filing of any financing statement under the Uniform Commercial Code or comparable law of the relevant jurisdiction).

"<u>Loss Proceeds</u>" means insurance proceeds, condemnation awards or other similar compensation, awards, damages and payments or relief (exclusive, in each case, of proceeds of business interruption, workers' compensation, employees' liability, automobile liability, builders' all risk liability and general liability insurance) with respect to any Event of Loss.

"<u>Material Adverse Effect</u>" means, with respect to any Company Party, a material adverse effect on: (a) the business, assets, properties (including the Site), operations or financial condition of the Company Parties, taken as a whole; (b) the ability of the Holdco Borrower or the Refinery Company to perform its material obligations under the Holdco Term Financing Documents in accordance with the terms thereof; (c) the rights and remedies of the Holdco Term Financing Parties, taken as a whole, under the Holdco Term Financing Documents; or (d) the rights or remedies of such Company Party under the Material Documents, taken as a whole.

"<u>Material Counterparty</u>" means each Person (other than any Company Party, any Agent or any Holdco Term Financing Party) from time to time party to any Material Document.

"<u>Material Documents</u>" means:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) the Initial Material Documents;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) any Additional Material Documents; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) any Replacement Material Document in respect of any of the foregoing;

<u>provided</u>, <u>however</u>, that any Material Document shall cease to be a Material Document when all material obligations thereunder have been indefeasibly performed and/or paid in full or if such Material Document has otherwise terminated (except due to a breach, default, termination for convenience or force majeure event, in each case to the extent not otherwise permitted in accordance with this Agreement) in accordance with its terms (excluding contingent indemnification and other provisions that by their express terms survive the fulfillment of the obligations of such party). For the avoidance of doubt, the New Super Senior Exit CTCI Agreement shall not be deemed a "Material Document."

"<u>Material Documents Prepayment Offer</u>" has the meaning assigned to such term in <u>Section 2.05(b)(i)</u>.

"<u>Maturity Date</u>" means (a) with respect to the Holdco Term Obligations except for the New Super Senior Exit Term Loans and the New Super Senior Exit CTCI Obligations, April 16, 2035, (b) with respect to the New Super Senior Exit CTCI Agreement, the end of the Term (as defined in the New Super Senior Exit CTCI Agreement, as in effect on August 11, 2025, and as may be renewed, extended, or shortened in accordance therewith) and (c) with respect to the New Super Senior Exit Term Loans and the obligations under the Side Letter, the date the New Super Senior Exit CTCI Agreement expires or matures pursuant to clause (b) above (provided that the Maturity Date for each of the New Super Senior Exit CTCI Agreement, the New Super Senior Exit Term Facility and the Side Letter shall in no event extend beyond the fifth (5th) anniversary of the Closing Date).

"<u>Midco</u>" means Grapevine Energy Holdings Pledgor, LLC, a Delaware limited liability company.

"<u>Midco Company Parties</u>" means, collectively, Midco and each of its direct and indirect subsidiaries from time to time. As of the date hereof, the Midco Company Parties are listed on <u>Schedule 6.01</u>.

"<u>Midco Financing Documents</u>" means (a) the Vitol Transaction Documents, (b) the New Super Senior Exit Term Credit Agreement (if incurred by any Midco Company Party pursuant to a Permitted Refinancing (Exit)), (c) the "loan documents," "financing documents," or similar defined term as referenced in the foregoing clauses (a) or (b) and (d) any documentation relating to a Permitted Refinancing of the foregoing.

"<u>Moody's</u>" means Moody's Investors Service, Inc., or any successor to the rating agency business thereof.

"<u>Multiemployer Plan</u>" means a multiemployer plan as defined in Section 4001(a)(3) of ERISA that is subject to Title IV of ERISA to which any Company Party contributes or is obligated to contribute, or with respect to which any Company Party has or could reasonably be expected to have any liability.

"<u>Net Available Amount</u>" means:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) in respect of any Extraordinary MPD Proceeds, the aggregate amount of payments received by the Holdco Borrower in respect of such proceeds net of (i) all reasonable and documented out-of-pocket costs and expenses (if any) and, if applicable, reasonable transaction costs (including reasonable legal and accounting fees and expenses), incurred or reasonably anticipated to be incurred by the Holdco Borrower in connection with the collection of such proceeds; and (ii) federal, state, provincial, foreign and local Taxes (other than any income taxes) reasonably estimated to be actually payable by the Company Parties within the current or the immediately succeeding tax year in connection therewith to the extent such amounts were not deducted in determining the amount of such proceeds;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) in the case of any Event of Loss, the aggregate amount of Loss Proceeds in respect of Other Collateral received by the Holdco Borrower in respect of such Event of Loss, net of (i) all reasonable and documented out-of-pocket costs and expenses (if any) and, if applicable, reasonable transaction costs (including reasonable legal and accounting fees and expenses), incurred or reasonably anticipated to be incurred by the Holdco Borrower in connection with the collection of such proceeds; and (ii) federal, state, provincial, foreign and local Taxes (other than any income taxes) reasonably estimated to be actually payable by the Holdco Borrower within the current or the immediately succeeding tax year in connection therewith to the extent such amounts were not deducted in determining the amount of such proceeds; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) in the case of any Disposition, the aggregate amount received by the Holdco Borrower in respect of such Disposition, net of (i) all reasonable and documented out-of-pocket costs and expenses (if any) and, if applicable, reasonable transaction costs (including reasonable legal and accounting fees and expenses), incurred or reasonably anticipated to be incurred by the Holdco Borrower in connection with the collection of such proceeds; (ii) federal, state, provincial, foreign and local Taxes (other than any income taxes) reasonably estimated to be actually payable by the Holdco Borrower within the current or the immediately succeeding tax year in connection therewith to the extent such amounts were not deducted in determining the amount of such proceeds; and (iii) (x) the principal amount, premium or penalty, if any, and interest, breakage costs or other amounts of any Indebtedness (other than Indebtedness under the Holdco Term Financing Documents or other Indebtedness secured by a Lien on the Collateral) that is secured by the property subject to such Disposition and is required to be repaid in connection with such Disposition, to the extent such amounts were not deducted in determining the amount of such proceeds and (y) a reasonable reserve determined by a financial officer (or any other officer performing equivalent duties thereof) of Holdco Borrower in its reasonable business judgment and solely to the extent required under the applicable purchase agreement for any purchase price adjustments (including working capital adjustments or adjustments attributable to seller's indemnities and representations and warranties to purchaser in respect of such Disposition) expressly contemplated by the purchase agreement relating to such Disposition.

"<u>New Senior Secured Term Facility</u>" means the credit facility with respect to the New Senior Secured Term Loans.

"<u>New Senior Secured Term Lender</u>" has the meaning assigned to such term in the Holdco Term Credit Agreement.

"<u>New Senior Secured Term Loan</u>" has the meaning assigned to such term in the Holdco Term Credit Agreement.

"<u>New Senior Secured Term Obligations</u>" means the Holdco Term Obligations with respect to the New Senior Secured Term Facility.

"<u>New Super Senior Exit CTCI Agreement</u>" means that certain Procurement, Operation & Maintenance Support Services Agreement, dated as of the Closing Date, by and among the Refinery Company, the Holdco Borrower, as guarantor, and CTCI; <u>provided</u> that notwithstanding anything to the contrary in the Holdco Term Financing Documents and without duplication of any Exit Funding Issue Minimum MOIC changes to the Side Letter, in the event of an Exit Funding Issue (Lenders), the economic terms with respect to Updated Primary Obligations (CTCI) shall be automatically adjusted to reflect and include the Exit Funding Issue Minimum MOIC, without any further consent or notice of any kind.

"<u>New Super Senior Exit CTCI Intercreditor Agreement</u>" means that certain Intercreditor Agreement, dated as of the Closing Date, by and among Vitol, the Refinery Company, Grapevine Energy Holdings Pledgor, LLC and CTCI.

"<u>New Super Senior Exit CTCI Obligations</u>" means the Holdco Term Obligations with respect to the New Super Senior Exit CTCI Agreement.

"<u>New Super Senior Exit Term Commitments</u>" has the meaning assigned to such term in the New Super Senior Exit Term Credit Agreement.

"<u>New Super Senior Exit Term Credit Agreement</u>" means (a) that certain New Super Senior Exit Term Credit Agreement, dated as of the Closing Date, by and among the Holdco Borrower, the New Senior Secured Term Lenders from time to time party thereto and the Holdco Term Loan Administrative Agent or (b) any applicable credit agreement entered into by the Holdco Borrower pursuant to a Permitted Refinancing (Exit).

"<u>New Super Senior Exit Term Facility</u>" has the meaning assigned to such term in the New Super Senior Exit Term Credit Agreement; <u>provided</u> that notwithstanding anything to the contrary in the Holdco Term Financing Documents, in the event of an Exit Funding Issue (CTCI), the economic terms with respect to Updated Primary Obligations (Lenders) in the New Super Senior Exit Term Agreement shall be automatically adjusted to reflect and include the Exit Funding Issue Minimum MOIC, without any further consent or notice of any kind.

"<u>New Super Senior Exit Term Lender</u>" has the meaning assigned to such term in the New Super Senior Exit Term Credit Agreement.

"<u>New Super Senior Exit Term Loans</u>" has the meaning assigned to such term in the New Super Senior Exit Term Credit Agreement.

"<u>New Super Senior Exit Term Obligations</u>" means the Holdco Term Obligations with respect to the New Super Senior Exit Term Facility.

"<u>Non-Recourse Parties</u>" has the meaning assigned to such term in <u>Section 10.12</u>.

"<u>Note</u>" has the meaning assigned to such term in the New Super Senior Exit Term Credit Agreement, the Holdco Term Credit Agreement, or the Holdco CTCI Deferred Payment Agreement, as applicable.

"<u>O&F</u>" has the meaning assigned to such term in the New Super Senior Exit CTCI Agreement (as in effect on August 11, 2025). O&F is a primary obligation and not interest and is incurred as a one-time fee at the time of the incurrence of the corresponding Direct Costs.

"<u>O&M Interest</u>" means interest that accrues on outstanding Direct Costs and O&F on and after the date that such Direct Costs and O&F become due and payable under and in accordance with the New Super Senior Exit CTCI Agreement (as in effect on August 11, 2025). O&M Interest does not include O&F and shall not accrue prior to the applicable Direct Costs and O&F becoming due and payable.

"<u>Organizational Documents</u>" means, with respect to any Person, (i) in the case of any corporation, the certificate of incorporation and by-laws (or similar documents) of such Person, (ii) in the case of any limited liability company, the certificate of formation and operating agreement (or similar documents) of such Person, (iii) in the case of any limited partnership, the certificate of formation and limited partnership agreement (or similar documents) of such Person, (iv) in the case of any general partnership, the partnership agreement (or similar document) of such Person and (v) in any other case, the functional equivalent of the foregoing.

"<u>Participant</u>" has the meaning assigned to such term in the New Super Senior Exit Term Credit Agreement, the Holdco Term Credit Agreement, or the Holdco CTCI Deferred Payment Agreement, as applicable.

"<u>PBGC</u>" means the Pension Benefit Guaranty Corporation referred to and defined in ERISA and any successor entity performing similar functions.

"<u>Pension Plan</u>" means any employee pension benefit plan as defined in Section 3(2) of ERISA (other than a Multiemployer Plan) that is subject to the provisions of Title IV or Section 302 of ERISA, or Section 412 of the Code, and in respect of which any Company Party is (or, if such plan were terminated, would under Section 4069 of ERISA be deemed to be) an "employer" as defined in Section 3(5) of ERISA or with respect to which any Company Party has or could reasonably be expected to have any liability.

"<u>Permitted Business</u>" means (a) the development, ownership and operation of the Refinery, (b) the development, ownership and operation of the business of SusOils, (c) any business activities reasonably related to or ancillary to the foregoing and (d) any other business permitted under the Holdco Borrower LLC Agreement.

"<u>Permitted Contest Conditions</u>" means, with respect to any Company Party, a contest, pursued in good faith, challenging the enforceability, validity, interpretation, amount or application of any law, tax or other matter (legal, contractual or other) by appropriate proceedings timely instituted if (a) such Company Party diligently pursues such contest, (b) such Company Party establishes adequate reserves with respect to the contested claim if and to the extent required by GAAP and (c) such contest (i) could not reasonably be expected to have a Material Adverse Effect and (ii) does not involve any material risk or danger of any criminal or unindemnified civil liability being incurred by the Agents or the Holdco Term Financing Parties.

"<u>Permitted Indebtedness</u>" has the meaning assigned to such term in <u>Section 6.02</u>.

"<u>Permitted Lien</u>" means, with respect to any Company Party, any of the following:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) Liens arising by reason of:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i) taxes, assessments or governmental charges either secured by a bond or which are not yet due or payable, or which are being contested pursuant to the Permitted Contest Conditions;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(ii) security, pledges or deposits in the ordinary course of business for payment of workmen's compensation or unemployment insurance or other types of social security benefits; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(iii) good faith deposits or pledges incurred or created in connection with or to secure the performance of bids, tenders, contracts (other than contracts for the payment of money), leases, statutory obligations, surety bonds or appeal bonds entered into in the ordinary course of business or under Applicable Law.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) in respect of the Midco Company Parties, Liens of mechanics, carriers, landlords, warehousemen, materialmen, laborers, repairmen's, employees or suppliers or any similar Liens arising by operation of law incurred in the ordinary course of business with respect to obligations which are not due or, which are adequately bonded, and which are being contested pursuant to the Permitted Contest Conditions;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) in respect of any of the Company Parties, Liens arising out of judgments, orders or awards that have been adequately bonded, are fully covered by insurance (subject to a customary deductible) or with respect to which a stay of execution has been obtained pending an appeal or proceeding for review pursuant to the Permitted Contest Conditions;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(d) in respect of the Midco Company Parties, Liens arising with respect to zoning restrictions, easements, licenses, reservations, covenants, rights-of-way, utility easements, building restrictions and other similar charges or encumbrances on the use of real property which, individually or in the aggregate, do not materially detract from the value of the affected property and do not materially interfere with the ordinary conduct of the business of such Company Party;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(e) in respect of the Midco Company Parties, <sup>Liens</sup> pursuant to any of the Midco Financing Documents;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(f) in respect of any of the Company Parties, Liens arising under ERISA and Liens arising under the Code with respect to an employee benefit plan (as defined in Section 3(2) of ERISA) that do not constitute an Event of Default under <u>Section 7.01(i)</u>;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(g) in respect of the Holdco Borrower, Liens created under the Holdco Term Security Documents or pursuant to this Agreement for the benefit of the Holdco Term Secured Parties;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(h) in respect of the Midco Company Parties, Liens or pledges of deposits of cash securing bonds or other surety obligations entered into in the ordinary course of business or under Applicable Law;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i) in respect of any of the Company Parties, (i) Liens arising solely by virtue of any statutory or common law provision relating to banker's liens, rights of set-off or similar rights and remedies and burdening only deposit accounts or other funds maintained with a creditor depository institution, in each case, granted in the ordinary course of business in favor of such creditor depositary institution, provided that no such deposit account is a dedicated cash collateral account or is subject to restrictions against access by the depositor in excess of those set forth by regulations promulgated by the Board and no such deposit account is intended by the applicable Company Party to provide collateral to the depository institution and (ii) Liens in favor of a banking or other financial institution arising as a matter of law or in the ordinary course of business under customary general terms and conditions encumbering deposits or other funds maintained with a financial institution (including the right of setoff) and that are within the general parameters customary in the banking industry or arising pursuant to such banking institution's general terms and conditions;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(j) in respect of the Midco Company Parties, all exceptions disclosed in the Title Policy;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(k) in respect of the Midco Company Parties, Liens or the interests of lessors to secure purchase money obligations permitted under <u>Section 6.02(b)</u>; <u>provided</u> that such Lien encumbers only the specific goods, equipment or software so financed, any accessions thereto, proceeds thereof and related books and records;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(l) in respect of any of the Company Parties, Liens or pledges of deposits of cash securing deductibles, self-insurance, co-payment, co-insurance, retentions or similar obligations to providers or property, casualty or liability insurance in the ordinary course of business;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(m) in respect of any of the Company Parties, Liens not otherwise permitted hereunder so long as the aggregate outstanding principal amount of obligations of Holdco Borrower or its Subsidiaries secured thereby does not exceed $500,000 at any one time;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(n) Liens existing on the date hereof and listed on <u>Schedule 6.03</u>;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(o) in respect of the Midco Company Parties, any other Liens permitted by (x) the Vitol RCF Agreement as in effect on the Closing Date or (y) any Permitted Refinancing of the Vitol RCF Agreement; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(p) Liens that extend, renew or replace in whole or in part a Lien referred to above.

"<u>Permitted Refinancing</u>" means, with respect to any Indebtedness of the Midco Company Parties, any refinancings or refundings thereof with such other Indebtedness; <u>provided</u> that (a) the principal amount (or accreted value, if applicable) of such Indebtedness is not increased at the time of such refinancing or refunding from the principal amount (or accreted value, if applicable) of such refinanced or refunded Indebtedness outstanding immediately prior to such refinancing or refunding, 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 (b) no Midco Company Party shall be an obligor or grant Liens under such refinancing unless such Midco Company Party was an obligor or grantor, as applicable, under the existing Indebtedness.

"<u>Permitted Refinancing (Exit)</u>" means any refinancings or refundings of the New Super Senior Exit Term Facility, the New Super Senior Exit CTCI Agreement and the Side Letter (assuming for purposes of this definition that the New Super Senior Exit CTCI Obligations and the obligations under the Side Letter constitute Indebtedness), with other Indebtedness; <u>provided</u> that (a) the principal amount (or accreted value or Direct Costs, if applicable) of such Indebtedness, together with any remaining New Super Senior Exit Term Obligations, the obligations under the Side Letter and New Super Senior Exit CTCI Obligations, shall not be greater than the sum of (w) the then current amount of New Super Senior Exit Term Obligations, the obligations under the Side Letter and New Super Senior Exit CTCI Obligations *plus* (x) the then current amount of undrawn New Super Senior Exit Term Commitments and amounts available to be expended pursuant to the New Super Senior Exit CTCI Agreement (assuming all conditions precedent to such expenditures have been satisfied) *plus* (y) $15,000,000, *plus* (z) the amount of fees, premium and expenses reasonably incurred, in connection with such refinancing (provided that the New Super Senior Exit Term Facility, the Side Letter and the New Super Senior Exit CTCI Agreement shall be refinanced on a *pro rata* basis), and (b) notwithstanding anything to the contrary herein, (i) solely to the extent the additional Indebtedness referred to in clause (a) is provided by any of the existing New Super Senior Exit Term Lenders or their Affiliates, the interest rate margin, upfront fees, original issue discount, multiple on invested capital, and any other pricing terms applicable to any such refinancings or refundings shall not exceed, by more than 3.0% per annum, the corresponding interest rate margin, upfront fees, original issue discount, multiple on invested capital, or other pricing terms applicable to the obligations being refinanced (<u>provided</u> that this clause (b) shall not apply to any Exit Funding Issue Minimum MOIC that may be incurred on any such Indebtedness pursuant to the terms hereof) and (ii) solely to the extent the additional Indebtedness referred to in clause (a) is not provided by any of the existing New Super Senior Exit Term Lenders or their Affiliates, such Indebtedness shall be on then-current market terms for the type of Indebtedness being incurred.

"<u>Person</u>" means any natural person, corporation, limited liability company, trust, joint venture, association, company, partnership, Governmental Authority or other entity.

"<u>Pledged Collateral</u>" shall have the meaning applied to such term in <u>Section 9.06</u>.

"<u>Post-Default Rate</u>" means a rate per annum which is equal to the sum of (a)(i) prior to the applicable Maturity Date, 2.00% per annum and (ii) on and after the applicable Maturity Date, 5.00% per annum *plus* (b) the Interest Rate.

"<u>Post-Exit CTCI DIP Deferred Payment Obligations</u>" has the meaning assigned to such term in the Holdco CTCI Deferred Payment Agreement.

"<u>Prepayment Offer Deadline</u>" has the meaning assigned to such term in <u>Section 2.05(c)(iii)</u>.

"<u>Prepetition CTCI Agreement</u>" has the meaning assigned to such term in the recitals hereto.

"<u>Prepetition Term Loan Agreement</u>" has the meaning assigned to such term in the recitals hereto.

"<u>Prepetition Term Loan Borrower</u>" has the meaning assigned to such term in the recitals hereto.

"<u>Proceeds</u>" has the meaning assigned to such term in <u>Section 9.01(a)</u>.

"<u>Product</u>" has the meaning assigned to such term in the Vitol S&O Agreement.

"<u>Property</u>" means any right or interest in or to property of any kind whatsoever, whether real, personal or mixed and whether tangible or intangible.

"<u>Prudent Industry Practices</u>" means those practices, methods, equipment, specifications and standards of safety and performance, as the same may change from time to time, as are commonly used by similar businesses of the Company Parties in the United States, as applicable, of a type and size similar to the businesses of the Company Parties as good, safe and prudent engineering practices in connection with the design, construction, operation, maintenance, repair and use of electrical and other equipment, facilities and improvements of such projects, with commensurate standards of safety, performance, dependability, efficiency and economy. "Prudent Industry Practices" does not necessarily mean one particular practice, method, equipment specification or standard in all cases and shall not be interpreted to require the adoption or implementation of any particular best or most optimal practice, but is instead intended to encompass a broad range of acceptable practices, methods, equipment specifications and standards.

"<u>Quarterly Date</u>" means the last Business Day of September, December, March and June in each fiscal year, the first of which shall be the first such day after the date hereof.

"<u>Ratable</u>" means, in respect of any Holdco Term Obligation at any waterfall level set forth in <u>Section 9.08</u>, the treatment of the rights and obligations associated with such Holdco Term Obligations are *pro rata* (or treated ratably) with the other Holdco Term Obligations at that same waterfall level set forth in <u>Section 9.08</u>. "<u>Ratably</u>" has a meaning correlative thereto.

"<u>Real Property</u>" means all right, title and interest of Refinery Company in and to any and all parcels of real property (including the Site) owned, leased or operated by Refinery Company together with all of Refinery Company's interests in all improvements and appurtenant fixtures, equipment, personal property, easements and other property and rights incidental to the ownership, lease or operation thereof.

"<u>Refinery</u>" means the renewable diesel facility in Bakersfield, California that the Refinery Company owns, maintains and operates to process Feedstock into Product.

"<u>Refinery Company</u>" has the meaning assigned to such term in the recitals hereto.

"<u>Regulation D</u>" means Regulation D of the Board.

"<u>Regulation U</u>" means Regulation U of the Board.

"<u>Reinvestment Notice</u>" means a written notice executed by a Authorized Representative of Holdco Borrower stating no Default or Event of Default has occurred and is continuing and that Holdco Borrower intends and expects to use all or a specified portion, as applicable, of the Net Available Amount of Extraordinary MPD Proceeds or the proceeds from an Event of Loss or the proceeds of a Disposition, as applicable, that will be used (a) with respect to any Event of Loss, to repair, restore or replace assets affected by such Event of Loss or (b) with respect to the receipt of Extraordinary MPD Proceeds or any Disposition, to acquire or repair assets useful in the business of Holdco Borrower and the Company Parties, in each case, which notice shall include (i) a certification that Holdco Borrower intends to complete the reinvestment or acquisition described therein the applicable time period required under Section 2.05(b) (or such longer period as may be described in the applicable reinvestment plan (subject to the Holdco Term Loan Administrative Agent's approval, acting at the direction of the Required Holdco Term Financing Parties)) and (ii) with respect to the use of the Net Available Amount of any Extraordinary MPD Proceeds or the proceeds of any Disposition to acquire assets useful in the business of Holdco Borrower and the Company Parties, a detailed description of the acquisition contemplated with such Net Available Amount, which description and reinvestment plan shall be acceptable to the Holdco Term Loan Administrative Agent, acting at the reasonable direction of the Required Holdco Term Financing Parties.

"<u>Related Parties</u>" means, with respect to any specified Person, such Person's Affiliates and the respective directors, officers, employees, agents and advisors of such Person and such Person's Affiliates.

"<u>Release</u>" means any release, spill, emission, emanation, leaking, pumping, injection, deposit, disposal, discharge, dispersal, leaching or migration into the indoor or outdoor Environment, including ambient air, soil, surface water, ground water, wetlands, land or subsurface strata.

"<u>Replacement Material Document</u>" means, in respect of any Material Document, one or more binding replacement Material Documents (i) that are Additional Material Documents entered into in accordance with the Holdco Borrower LLC Agreement, (ii) that, in the case of any Company Document replacing a Material Document (other than the Vitol S&O Agreement or the Vitol S&S Agreement), are (A) on terms (take as a whole) that are substantially similar to, or more favorable to the applicable Company Party than, the terms and conditions of the Material Document being replaced, (B) is with a counterparty that is as creditworthy (measured as of the date of such counterparty enters into such replacement Material Document) as the Material Counterparty under the Material Document being replaced (measured as of the date of such Material Counterparty entered into the Material Document being replaced) and (C) has pricing and economic terms (taken as a whole) consistent with, or better than, the Material Document being replaced or (iii) otherwise on terms and conditions acceptable, and with a counterparty of credit acceptable, to the Holdco Term Loan Administrative Agent, acting at the reasonable direction of the Required Holdco Term Financing Parties.

"<u>Reportable Event</u>" means any of the events set forth in Section 4043(c) of ERISA, other than events for which the 30-day notice period has been waived.

"<u>Reporting Deliverable</u>" has the meaning assigned to such term in <u>Section 7.01(d)</u>.

"<u>Required Holdco Term Financing Parties</u>" means, at any time, Holdco Term Financing Parties holding more than 50% of the total Holdco Term Obligations *plus* undrawn New Super Senior Exit Term Commitments at such time *plus* the amounts available to be expended pursuant to the New Super Senior Exit CTCI Agreement at such time.

"<u>Restoration</u>" means, with respect to any Affected Property, the rebuilding, repair, restoration or replacement of such Affected Property.

"<u>Restricted Payment</u>" means:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) any dividend paid by any Company Party (in cash, Property or obligations) on, or other payments or distributions on account of, or the setting apart of money for a sinking or other analogous fund for, or the purchase, redemption, retirement or other acquisition by any Company Party of, any portion of any membership interests in any Company Party or any warrants, rights or options to acquire any such membership interests;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) any payment of development, management or other fees, or of any other amounts, by any Company Party to any Affiliate thereof; and/or

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) any other payment from a Company Party (in cash, Property or obligations to a parent company of the Company Parties) to a parent company or Affiliate of the Company Parties.

"<u>S&P</u>" means Standard & Poor's Ratings Services, a division of The McGraw-Hill Companies, Inc., or any successor to the rating agency business thereof.

"<u>Sanctioned Country</u>" means, at any time, a country or territory that is subject to comprehensive Sanctions. For the avoidance of doubt, current, Sanctioned Countries are the Crimea region of Ukraine, the so-called Luhansk People's Republic, the so-called Donetsk People's Republic, Cuba, Iran, North Korea and Syria.

"<u>Sanctioned Person</u>" means, at any time, (a) any Person listed in any Sanctions-related list of designated Persons maintained by the United States, including the Office of Foreign Assets Control of the U.S. Department of the Treasury or the U.S. Department of State, or by the United Nations Security Council, the European Union or any EU member state, (b) any Person operating from, or organized or resident in, a Sanctioned Country, (c) the government of a Sanctioned Country or the Government of Venezuela, or (d) any Person owned or controlled (as such terms are defined in applicable Sanctions) by any such Person.

"<u>Sanctions</u>" means economic or financial sanctions or trade embargoes imposed, administered or enforced from time to time by (a) the U.S. government, including those administered by the Office of Foreign Assets Control of the U.S. Department of the Treasury or the U.S. Department of State, or (b) the United Nations Security Council, the European Union or any EU member state, or the United Kingdom.

"<u>Second Out Subordinated Senior Secured Term Facility</u>" means the credit facility with respect to the Second Out Subordinated Senior Secured Term Loans.

"<u>Second Out Subordinated Senior Secured Term Lender</u>" has the meaning assigned to such term in the Holdco Term Credit Agreement.

"<u>Second Out Subordinated Senior Secured Term Loan</u>" has the meaning assigned to such term in the Holdco Term Credit Agreement.

"<u>Second Out Subordinated Senior Secured Term Obligations</u>" means the Holdco Term Obligations with respect to the First Out Subordinated Senior Secured Term Facility.

"<u>Secured Obligations</u>" has the meaning assigned to such term in the Security Agreement.

"<u>Secured Parties</u>" means (a) the Agents and (b) the Holdco Term Financing Parties.

"<u>Shortfall Commitment</u>" has the meaning assigned to such term in <u>Section 6.02(a)</u>.

"<u>Side Letter</u>" means that certain Letter Agreement, dated as of the Closing Date, between Holdco Borrower and CTCI with respect to (x) CTCI's payment on the Closing Date to Holdco CTCI Counsel of professional fees in the amount of $2,792,000 and (y) CTCI's payment on the Closing Date to Holdco Borrower as reimbursement for Holdco Borrower's prior payment of professional fees for Holdco CTCI Counsel in the amount of $4,440,395; <u>provided</u> that notwithstanding anything to the contrary in the Holdco Term Financing Documents and without duplication of any Exit Funding Issue Minimum MOIC changes to the New Super Senior Exit CTCI Agreement, in the event of an Exit Funding Issue (Lenders), the economic terms with respect to the MOIC Priority Obligations (CTCI) in the Side Letter shall be automatically adjusted to reflect and include the Exit Funding Issue Minimum MOIC, without any further consent or notice of any kind.

"<u>Standstill Period</u>" means the period commencing on the Closing Date and ending on December 31, 2030.

"<u>Subordinated Junior EPC Claims</u>" has the meaning assigned to such term in the Holdco CTCI Deferred Payment Agreement.

"<u>Subordinated Junior Term Facility</u>" has the meaning assigned to such term in the Holdco Term Credit Agreement.

"<u>Subordinated Junior Term Lender</u>" has the meaning assigned to such term in the Holdco Term Credit Agreement.

"<u>Subordinated Junior Term Loan</u>" has the meaning assigned to such term in the Holdco Term Credit Agreement.

"<u>Subordinated Junior Term Obligations</u>" has the meaning assigned to such term in the Holdco CTCI Deferred Payment Agreement.

"<u>Subordinated Secured EPC Claims</u>" means has the meaning assigned to such term in the Holdco CTCI Deferred Payment Agreement.

"<u>Subordinated Senior Secured EPC Claims</u>" means has the meaning assigned to such term in the Holdco CTCI Deferred Payment Agreement.

"<u>Subsidiary</u>" means, with respect to any Person (the "<u>parent</u>") at any date, any corporation, limited liability company, partnership, association or other entity the accounts of which would be consolidated with those of the parent in the parent's consolidated financial statements if such financial statements were prepared in accordance with GAAP as of such date, as well as any other corporation, limited liability company, partnership, association or other entity (a) of which securities or other ownership interests representing more than 50% of the equity or more than 50% of the ordinary voting power or, in the case of a partnership, more than 50% of the general partnership interests are, as of such date, owned, controlled or held, or (b) that is, as of such date, otherwise controlled, by the parent or one or more subsidiaries of the parent or by the parent and one or more subsidiaries of the parent.

"<u>SusOils</u>" means Sustainable Oils, Inc., a Delaware corporation.

"<u>SVO</u>" means the Securities Valuation Office of the National Association of Insurance Commissioners.

"<u>Taxes</u>" means any and all present or future taxes, levies, imposts, duties, deductions, assessments, fees, withholdings (including backup withholdings) or other charges imposed by any Governmental Authority, including any interest, additions to tax or penalties or similar liabilities with respect thereto.

"<u>Title Policy</u>" means the ALTA loan policy of title insurance issued in favor of the Prepetition Term Loan Collateral Agent in respect of the Refinery.

"<u>UCC</u>" means the Uniform Commercial Code as in effect from time to time in the State of New York; <u>provided</u> that if, with respect to any filing statement or by reason of any mandatory provisions of law, the perfection or the effect of perfection or non-perfection of the security interests granted to the Holdco Term Collateral Agent pursuant to the applicable Holdco Term Security Document is governed by the Uniform Commercial Code as in effect in a jurisdiction of the United States other than New York, UCC means the Uniform Commercial Code as in effect from time to time in such other jurisdiction for purposes of the provisions of each applicable Holdco Term Financing Document and any filing statement relating to such perfection or effect of perfection or non-perfection.

"<u>Uniform Commercial Code</u>" means the Uniform Commercial Code as in effect from time to time in the applicable jurisdiction.

"<u>USA PATRIOT Act</u>" has the meaning assigned to such term in <u>Section 10.15</u>

"<u>Vitol</u>" means Vitol Americas Corp., a Delaware corporation.

"<u>Vitol RCF Agreement</u>" means that certain Credit Agreement, dated as of the Closing Date, by and among the Refinery Company, the other Company Parties party thereto, Vitol and certain financial institutions and other entities that party thereto from time to time as additional lenders.

"<u>Vitol S&O Agreement</u>" means that certain Supply and Offtake Agreement, dated as of June 25, 2024, between the Refinery Company and Vitol, as amended, restated, amended and restated, supplemented or otherwise modified from time to time.

"<u>Vitol S&S Agreement</u>" that certain Storage and Services Agreement, dated as of the June 25, 2024, by and between the Refinery Company and Vitol, as amended, restated, amended and restated, supplemented or otherwise modified from time to time.

"<u>Vitol Transaction Documents</u>" means, collectively, the Vitol S&O Agreement, the Vitol S&S Agreement and the Vitol RCF Agreement.

Section 1.02 <u>Terms Generally</u>. Except as otherwise expressly provided, the following rules of interpretation shall apply to this Agreement and the other Holdco Term Financing Documents:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) the definitions of terms herein shall apply equally to the singular and plural forms of the terms defined;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) whenever the context may require, any pronoun shall include the corresponding masculine, feminine and neuter forms;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) the words "include", "includes" and "including" shall be deemed to be followed by the phrase "without limitation";

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(d) the word "will" shall be construed to have the same meaning and effect as the word "shall";

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(e) unless the context requires otherwise, any definition of or reference to any agreement, instrument or other document herein shall be construed as referring to such agreement, instrument or other document as from time to time amended, supplemented or otherwise modified (subject to any restrictions on such amendments, supplements or modifications set forth herein or therein) and shall include any appendices, schedules, exhibits, clarification letters, side letters and disclosure letters executed in connection therewith;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(f) any reference herein to any Person shall be construed to include such Person's successors and assigns to the extent permitted under the Holdco Term Financing Documents and, in the case of any Governmental Authority, any Person succeeding to its functions and capacities;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(g) the words "herein", "hereof" and "hereunder", and words of similar import, shall be construed to refer to this Agreement in its entirety and not to any particular provision;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(h) all references herein to Articles, Sections, Appendices, Exhibits and Schedules shall be construed to refer to Articles and Sections of, and Appendices, Exhibits and Schedules to, this Agreement;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i) the word "asset" 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; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(j) the phrases "primary obligation," "primary obligation amount," and similar phrases, when used by reference to Holdco Term Obligations owed to CTCI, include Direct Costs and O&F, but only include O&M Interest after and to the extent that such O&M Interest has been paid in kind in accordance with this Agreement.

Section 1.03 <u>Accounting Terms</u>. Except as otherwise expressly provided herein, all terms of an accounting or financial nature shall be construed in accordance with GAAP. If Holdco Borrower notifies the Holdco Term Loan Administrative Agent and CTCI that Holdco Borrower wishes to amend any provision hereof to eliminate the effect of any change occurring after the date hereof in GAAP or in the application thereof on the operation of such provision, regardless of whether any such notice is given before or after such change in GAAP or in the application thereof, then Holdco Borrower's compliance with such provision shall be determined on the basis of GAAP as in effect and applied immediately before such change shall have become effective until such notice shall have been withdrawn or such provision amended in a manner satisfactory to Holdco Borrower, the Holdco Term Loan Administrative Agent and CTCI.

Section 1.04 <u>Divisions</u>. Any reference herein or in any other Holdco Term Financing Document to a merger, transfer, consolidation, amalgamation, assignment, sale, disposition or transfer, or similar term, shall be deemed to apply to a division of or by a Person, or an allocation of assets to a series of a Person (or the unwinding of such a division or allocation), as if it were a merger, transfer, consolidation, amalgamation, assignment, sale or transfer or similar term, as applicable to, of or with a separate Person. Any division of a limited liability company shall constitute a separate Person hereunder and under any other Holdco Term Financing Document (and each division of any limited liability company that is a Subsidiary, Affiliate, joint venture or any other like term shall also constitute such a separate Person or entity hereunder or any other Holdco Term Financing Document).

Article II

THE HOLDCO TERM OBLIGATIONS

Section 2.01 <u>Holdco Term Facilities</u>.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) <u>New Super Senior Exit Term Facility</u>. Subject to the terms and conditions set forth herein and in the Approved Plan, each New Senior Secured Exit Term Lender has agreed, as set forth in the New Super Senior Exit Term Credit Agreement, to extend the New Super Senior Exit Term Facility to the Holdco Borrower up to the amount as set forth on <u>Annex I</u>.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) <u>New Super Senior Exit CTCI Obligations</u>. Subject to the terms and conditions set forth herein and in the Approved Plan, CTCI (i) shall provide services (including paying certain invoices) to and for the benefit of the Company Parties, in each case, in accordance with and subject to the terms of the New Super Senior Exit CTCI Agreement in an amount up to $28,267,605 and (ii) shall pay, or reimburse Holdco Borrower, as applicable, for certain specified fees and expenses of CTCI's professionals in accordance with and subject to the terms of the Side Letter in an amount equal to $7,232,395.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) <u>New Senior Secured Term Facility</u>. Subject to the terms and conditions set forth herein and in the Approved Plan, each New Senior Secured Term Lender has exchanged, pursuant to a cashless roll of certain principal and accrued interest amounts outstanding under the Existing DIP Term Loan Credit Agreement as set forth in the Holdco Term Credit Agreement, on the Closing Date, its obligations under the Existing DIP Term Loan Credit Agreement for a New Senior Secured Term Loan to the Holdco Borrower in an amount as set forth on <u>Annex I</u>.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(d) <u>Post-Exit CTCI DIP Deferred Payment Obligation</u>. Subject to the terms and conditions set forth herein and in the Approved Plan, CTCI has exchanged, pursuant to a cashless roll of certain amounts outstanding under the Existing CTCI Agreement as set forth in the Holdco CTCI Deferred Payment Agreement, obligations to CTCI arising under the Existing CTCI Agreement for a Post-Exit CTCI DIP Deferred Payment Obligation payable by the Holdco Borrower in an amount as set forth on <u>Annex I</u>.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(e) <u>First Out Subordinated Senior Secured Term Facility</u>. Subject to the terms and conditions set forth herein and in the Approved Plan, each First Out Subordinated Senior Secured Term Lender has exchanged, pursuant to a cashless roll of certain principal and accrued interest amounts outstanding under the Prepetition Term Loan Agreement as set forth in the Holdco Term Credit Agreement, on the Closing Date, its obligations under the Prepetition Term Loan Agreement for a First Out Subordinated Senior Secured Term Loan to the Holdco Borrower in an amount as set forth on <u>Annex I</u>.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(f) <u>Second Out Subordinated Senior Secured Term Facility</u>. Subject to the terms and conditions set forth herein and in the Approved Plan, each Second Out Subordinated Senior Secured Term Lender has exchanged, pursuant to a cashless roll of certain principal and accrued interest amounts outstanding under the Prepetition Term Loan Agreement as set forth in the Holdco Term Credit Agreement, on the Closing Date, its obligations under the Prepetition Term Loan Agreement for a Second Out Subordinated Senior Secured Term Loan to the Holdco Borrower in an amount as set forth on <u>Annex I</u>.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(g) <u>Subordinated Senior Secured EPC Claim</u>. Subject to the terms and conditions set forth herein and in the Approved Plan, CTCI has exchanged, pursuant to a cashless roll of certain amounts outstanding under the Prepetition CTCI Agreement as set forth in the Holdco CTCI Deferred Payment Agreement, obligations to CTCI arising under the Prepetition CTCI Agreement for a Subordinated Senior Secured EPC Claim against the Holdco Borrower in an amount as set forth on <u>Annex I</u>.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(h) <u>Subordinated Secured EPC Claim</u>. Subject to the terms and conditions set forth herein and in the Approved Plan, CTCI has exchanged, pursuant to a cashless roll of certain amounts outstanding under the Prepetition CTCI Agreement as set forth in the Holdco CTCI Deferred Payment Agreement, obligations to CTCI arising under the Prepetition CTCI Agreement for a Subordinated Secured EPC Claim against the Holdco Borrower in an amount as set forth on <u>Annex I</u>.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i) <u>Subordinated Junior Term Facility</u>. Subject to the terms and conditions set forth herein and in the Approved Plan, each Subordinated Junior Term Lender has exchanged, pursuant to a cashless roll of certain principal and accrued interest amounts outstanding under the Prepetition Term Loan Agreement as set forth in the Holdco Term Credit Agreement, on the Closing Date, its obligations under the Prepetition Term Loan Agreement for a Subordinated Junior Term Loan to the Holdco Borrower in an amount as set forth on <u>Annex I</u>.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(j) <u>Subordinated Junior EPC Claim</u>. Subject to the terms and conditions set forth herein and in the Approved Plan, CTCI has exchanged, pursuant to a cashless roll of certain amounts outstanding under the Prepetition CTCI Agreement as set forth in the Holdco CTCI Deferred Payment Agreement, obligations to CTCI arising under the Prepetition CTCI Agreement for a Subordinated Junior EPC Claim against the Holdco Borrower in an amount as set forth on <u>Annex I</u>.

Section 2.02 <u>Transfers and Holding of Holdco Term Obligations</u>. The Holdco Term Obligations may be held, sold, exchanged, traded, assigned, or otherwise transferred by each Holdco Term Financing Party as provided in the relevant Holdco Term Financing Document. Any Person becoming a Holdco Term Financing Party from time to time in accordance with such Holdco Term Financing Document shall be and become a Holdco Term Financing Party for the purposes of this Agreement and each Person ceasing to be a Holdco Term Financing Party from time to time in accordance with such Holdco Term Financing Document shall cease to be a Holdco Term Financing Party for the purposes of this Agreement.

Section 2.03 <u>Payment in Full of Certain Holdco Term Obligations</u>.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) Upon the payment in full of all Holdco Term Obligations under (or defeasance thereof in accordance with the terms of) any Holdco Term Financing Document (other than the Holdco Term Obligations thereunder that by their terms survive and with respect to which no claim has been made by the applicable Holdco Term Financing Parties) and the expiration or termination of all commitments and other obligations under such Holdco Term Financing Document in accordance with the terms thereof, the relevant agent under such Holdco Term Financing Document shall give notice thereof to the Agents, whereupon, without further action by any Person:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i) the former Holdco Term Financing Parties shall no longer be Holdco Term Financing Parties or a Holdco Term Secured Party under this Agreement and shall no longer have any rights or obligations under this Agreement, except for those provisions that by their terms expressly survive termination; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(ii) the related Holdco Term Financing Document shall no longer be a Holdco Term Financing Document under this Agreement.

Section 2.04 <u>Repayment of Holdco Term Obligations</u>. Holdco Borrower (and solely with respect to the New Super Senior Exit CTCI Agreement, the Refinery Company) hereby unconditionally promise to pay to the Holdco Term Loan Administrative Agent for the account of the Holdco Term Lenders, and to CTCI for its own account, the unpaid amount of the Holdco Term Obligations then outstanding on the applicable Maturity Date or on any earlier date on which Holdco Term Obligations are due and payable, in each case pursuant to the New Super Senior Exit Term Credit Agreement, the Holdco Term Credit Agreement, the New Super Senior Exit CTCI Agreement, the Side Letter and the Holdco CTCI Deferred Payment Agreement, and in each case subject to the priorities set forth in <u>Section 9.08</u>. For the avoidance of doubt, (x) in the event of an Exit Funding Issue (CTCI), the final repayment of the Updated Primary Obligations (Lenders) shall also include the Exit Funding Issue Minimum MOIC and (y) in the event of an Exit Funding Issue (Lenders), the final repayment of Updated Primary Obligations (CTCI) shall also include the Exit Funding Issue Minimum MOIC.

Section 2.05 <u>Prepayment of the Holdco Term Obligations</u>.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) <u>Optional Prepayments</u>. Holdco Borrower (and solely with respect to the New Super Senior Exit CTCI Agreement, the Refinery Company) shall have the right at any time and from time to time, upon at least ten (10) Business Days' prior written notice to the Holdco Term Loan Administrative Agent and CTCI stating the prepayment date and aggregate amount of the prepayment, to prepay the Holdco Term Obligations in whole or in part, subject to the requirements of this <u>Section 2.05(a)</u> and <u>Section 2.05(c)</u>. Each partial prepayment of the Holdco Term Obligations under this <u>Section 2.05(a)</u> shall be in an aggregate amount at least equal to $1,000,000 and an integral multiple of $500,000 in excess thereof (or such lesser amount as may be necessary to prepay the aggregate amount then outstanding with respect to the Holdco Term Obligations in a Holdco Term Facility). No prepayment under <u>Section 2.05(b)</u> shall constitute a voluntary prepayment under this <u>Section 2.05(a)</u>. Each prepayment of Holdco Term Obligations pursuant to this <u>Section 2.05(a)</u> shall be applied Ratably to the Holdco Term Obligations then outstanding in a Holdco Term Facility and shall be applied in accordance with <u>Section 9.08</u>. Each prepayment of Holdco Term Obligations shall be accompanied by payment of all accrued interest on the amount prepaid and any additional amounts required pursuant to <u>Section 2.07</u>.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) <u>Mandatory Prepayments and Offers to Prepay</u>.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i) <u>Material Document</u>. If Holdco Borrower receives any termination payments, liquidated damages or other similar payments under the Material Documents (in each case, other than delay liquidated damages or other damages or payments of the type meant to substitute, replace or compensate the applicable Company Party for lost or otherwise forgone revenue) ("<u>Extraordinary MPD Proceeds</u>"), then the Holdco Borrower shall, within five (5) Business Days of the receipt of the Net Available Amount of such Extraordinary MPD Proceeds, offer to prepay the Holdco Term Obligations with an amount equal to 100% of the Net Available Amount of such Extraordinary MPD Proceeds, pursuant to a written notice sent to the Holdco Term Loan Administrative Agent and CTCI describing in reasonable detail the event giving rise to the obligation under this <u>Section 2.05(b)(i)</u> to make such offer (each such offer to prepay referred to in this <u>clause 2.05(b)(i)</u>, a "<u>Material Documents Prepayment Offer</u>"); <u>provided</u> that, such Net Available Amount of the Extraordinary MPD Proceeds shall be excluded from the prepayment requirements of this clause if (A) within five (5) Business Days following receipt of the Net Available Amount of Extraordinary MPD Proceeds, Holdco Borrower submits a Reinvestment Notice to the Holdco Term Loan Administrative Agent, (B) within fifteen (15) Business Days following the receipt of such Reinvestment Notice, the Holdco Term Loan Administrative Agent, acting at the reasonable direction of the Required Holdco Term Financing Parties, approves in writing the transaction(s) described in such Reinvestment Notice and (C) within one hundred eighty (180) days from the date of receipt of such Net Available Amount of Extraordinary MPD Proceeds, such Net Available Amount is applied (or committed to be applied) to the transaction(s) described in such Reinvestment Notice; <u>provided further</u>, that the amount of such Net Available Amount (i) not so used or committed after one hundred eighty (180) days or (ii) in respect of which the Holdco Term Loan Administrative Agent, acting at the reasonable direction of the Required Holdco Term Financing Parties, does not approve the transaction(s) described in the proposed Reinvestment Notice submitted by Holdco Borrower shall be, in each case, applied to a mandatory prepayment of the Holdco Term Loan and EPC Claims pursuant to this <u>clause (i)</u>.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(ii) <u>Event of Loss</u>. With respect to any Event of Loss, if the proceeds received by the Holdco Borrower in respect of such Event of Loss are not applied to the Restoration of the related Affected Property as permitted by this Agreement, then the Holdco Borrower shall, within five (5) Business Days of the receipt of such proceeds, offer to prepay the Holdco Term Obligations with an amount equal to 100% of the Net Available Amount of such proceeds, pursuant to a written notice sent to the Holdco Term Loan Administrative Agent and CTCI describing in reasonable detail the event giving rise to the obligation under this <u>Section 2.05(b)(ii)</u> to make such offer (each such offer to prepay referred to in this <u>Section 2.05(b)(ii)</u>, an "<u>Event of Loss Prepayment Offer</u>").

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(iii) <u>Disposition of Assets</u>. Without limiting the obligation of Holdco Borrower to obtain the consent of certain Holdco Term Financing Parties to any sale, transfer or other disposition of any assets or property (herein, the "<u>Disposition</u>") not otherwise permitted under this Agreement, the Holdco Borrower shall, within five (5) Business Days of the receipt of such proceeds, offer to prepay the Holdco Term Obligations Ratably in an amount equal to 100% of the Net Available Amount of such proceeds on the Quarterly Date immediately following receipt by Holdco Borrower of the relevant proceeds; <u>provided</u> that such Net Available Amount of the Disposition shall be excluded from the prepayment requirements of this clause if (A) Holdco Borrower submits a Reinvestment Notice to Holdco Term Loan Administrative Agent and CTCI, (B) the Holdco Term Loan Administrative Agent, acting at the direction of the Required Holdco Term Financing Parties, approves the proposed reinvestment plan and <u>(C)</u> within one hundred eighty (180) days from the date of receipt of such Net Available Amount of the Disposition, such Net Available Amount is applied (or committed to be applied) to such acquisition; <u>provided further</u>, that the amount of such Net Available Amount (i) not so used or committed after one hundred eighty (180) days or (ii) in respect of which the Holdco Term Loan Administrative Agent, acting at the direction of the Required Holdco Term Financing Parties, does not approve the acquisition(s) described in the proposed Reinvestment Notice submitted by Holdco Borrower shall be, in each case, applied to a mandatory prepayment of the Holdco Term Obligations pursuant to this <u>clause (iii)</u>. Any such offer to prepay shall be made pursuant to a written notice sent to the Holdco Term Loan Administrative Agent and CTCI describing in reasonable detail the event giving rise to the obligation under this <u>Section 2.05(b)(iii)</u> to make such offer (each such offer to prepay referred to in this <u>Section 2.05(b)(iii)</u>, a "<u>Disposition Proceeds Prepayment Offer</u>").

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(iv) <u>Incurrence of Debt</u>. If Holdco Borrower issues or incurs any Indebtedness (other than Permitted Indebtedness), then Holdco Borrower shall, within one (1) Business Day of the receipt of the proceeds therefrom, offer to prepay the Holdco Term Obligations with an amount equal to 100% of the Net Available Amount of such proceeds, pursuant to a written notice sent to the Holdco Term Loan Administrative Agent and CTCI describing in reasonable detail the event giving rise to the obligation under this <u>Section 2.05(b)(iv)</u> to make such offer (each such offer to prepay referred to in this <u>Section 2.05(b)(iv)</u>, a "<u>Debt Prepayment Offer</u>").

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(v) <u>Excess Cash Flow Sweep</u>. On each Annual Payment Date, commencing with the first Annual Payment Date occurring after the Closing Date, the Holdco Borrower shall apply any Excess Cash Flow in accordance with <u>Section 9.08</u>.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) <u>Terms of All Prepayments</u>.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i) Unless expressly set forth otherwise, all partial and full prepayments of the Holdco Term Obligations shall be applied to the outstanding Holdco Term Obligations in accordance with <u>Section 9.08</u>.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(ii) Other than as specified herein with respect to Direct Costs, each prepayment of Holdco Term Obligations shall be accompanied by payment of all accrued interest on the amount prepaid, together with any additional amounts required pursuant to the applicable Holdco Term Financing Documents.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(iii) No later than ten (10) Business Days after receiving a Material Documents Prepayment Offer, an Event of Loss Prepayment Offer, a Disposition Proceeds Prepayment Offer or a Debt Prepayment Offer (the expiration of such ten (10) Business Day-period, the "<u>Prepayment Offer Deadline</u>"), each Holdco Term Financing Party shall advise Holdco Borrower in writing whether it has elected to accept such prepayment offer, which it shall determine in its sole discretion; <u>provided</u> that any Holdco Term Financing Party which shall fail to so advise Holdco Borrower by the Prepayment Offer Deadline shall have been deemed to have accepted such prepayment offer. Each of the Holdco Term Financing Parties shall have the right, but not the obligation, to accept or reject its Ratable portion of the prepayment offer by Holdco Borrower. Holdco Borrower shall have no obligation to prepay any amounts in respect of any declining Holdco Term Financing Party's Ratable portion of the prepayment offer. In connection with any prepayment pursuant to <u>Section 2.05(b)(i)</u>, <u>(ii)</u>, <u>(iii)</u> and/or <u>(iv)</u>, the amount of the Holdco Term Obligations prepaid shall be calculated so that the total amount of Holdco Term Obligations prepaid and the accrued but unpaid interest on such Holdco Term Obligations shall be no more than the Net Available Amount.

Section 2.06 <u>Payments Generally; Ratable Treatment; Sharing of Setoffs</u>.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) <u>Payments by Holdco Borrower</u>. Unless otherwise specified, Holdco Borrower (or solely with respect to the New Super Senior Exit CTCI Agreement, the Refinery Company) shall make each payment required to be made by it hereunder, or by way of transfer from Depositary Bank (whether of principal, interest, fees, or otherwise) or under any other Holdco Term Financing Document (except to the extent otherwise provided therein) prior to 1:00 p.m., New York City time, on the date when due, in immediately available funds, without setoff or counterclaim. Any amounts received after such time on any date shall be deemed to have been received on the next succeeding Business Day for purposes of calculating interest thereon. Unless otherwise notified by the Holdco Term Loan Administrative Agent or CTCI, as applicable, in writing to the Holdco Borrower, all such payments shall be made to the Holdco Term Loan Administrative Agent and CTCI for the benefit of each Agent and Holdco Term Financing Party, as applicable, at its offices:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i) to the extent any such payments are associated with Orion Energy Partners or its Affiliates, at: Orion Energy Partners TP Agent, LLC (payment instructions: Bank Name: JP Morgan, ABA/Routing No.: 021000021, Account Name: ORION ENERGY PARTNERS TP AGENT, LLC, Account No.: 741999020, Reference: Grapevine Energy Holdings, LLC);

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(ii) to the extent any such payments are associated with any other Holdco Term Lender, at: Orion Energy Partners TP Agent, LLC (payment instructions: Bank Name: JP Morgan, ABA/Routing No.: 021000021, Account Name: Orion Energy Partners TP Agent, LLC, Account No.: 758867415, Reference: Grapevine Energy Holdings, LLC); and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(iii) to the extent any such payments are associated with CTCI, at: CTCI Americas, Inc. (payment instructions: Bank Name: JPMorgan Chase Bank, N.A., ABA/Routing No.: 021000021, Account Name: CTCI Americas, Inc., Account No.: 110170062, Reference: SWIFT Code: CHASUS33),

in each case, except as otherwise expressly provided in the relevant Holdco Term Financing Document and payments that shall be made directly to the Persons entitled thereto, in each case subject to the terms of this Agreement. The Holdco Term Loan Administrative Agent and CTCI shall distribute any such payments received by it in like funds as received for account of any other Person to the appropriate recipient promptly (and in any case not more than one (1) Business Day) following receipt thereof. Payments to each Holdco Term Lender shall be made to such Holdco Term Lender in accordance with its Administrative Questionnaire. If any payment hereunder shall be due on a day that is not a Business Day, the date for payment shall be extended to the immediately preceding Business Day and, in the case of any payment accruing interest, interest thereon shall be payable for the period of such extension. All amounts owing under this Agreement or under any other Holdco Term Financing Document are payable in Dollars.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) <u>Application of Insufficient Payments</u>. If at any time insufficient funds are received by and available to the Holdco Term Loan Administrative Agent or CTCI to pay fully all amounts of principal, interest, fees and other amounts then due hereunder, such funds shall be applied Ratably among the parties entitled thereto in accordance with the priorities set forth in <u>Section 9.08</u>.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) <u>Ratable Treatment</u>. Except to the extent otherwise provided herein and in each case subject to <u>Section 9.08</u>: (i) each payment or prepayment of principal or the primary obligations of the Holdco Term Obligations by Holdco Borrower (or solely with respect to the New Super Senior Exit CTCI Agreement, the Refinery Company) shall be made for the account of the Holdco Term Financing Parties Ratably in accordance with the priorities set forth in <u>Section 9.08</u>; and (ii) each payment of interest (or, with respect to the New Super Senior Exit CTCI Obligations, the O&F and any O&M Interest), on the Holdco Term Obligations by Holdco Borrower (or solely with respect to the New Super Senior Exit CTCI Agreement, the Refinery Company) shall be made for the account of the Holdco Term Financing Parties (except, in the case of prepayments under <u>Section 2.05(b)</u>, for Holdco Term Financing Parties not receiving a principal repayment thereunder) Ratably in accordance with the priorities set forth in <u>Section 9.08</u>. As set forth in <u>Section 9.08</u>, payments of O&F will not be subject to the priorities in <u>Section 9.08</u> until the conditions set forth in the provisos to the opening paragraph of <u>Section 9.08</u> are met.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(d) <u>Sharing of Payments by Holdco Term Financing Party</u>. If any Holdco Term Financing Party shall, by exercising any right of setoff or counterclaim or otherwise, obtain payment or recover any amount in respect of any of its Holdco Term Obligations resulting in such Holdco Term Financing Party receiving a greater proportion of the aggregate amount of the Holdco Term Obligations and accrued interest thereon then due than the proportion received by any other Holdco Term Financing Party, then, unless otherwise agreed in writing by the Holdco Term Financing Parties, the Holdco Term Financing Party receiving such greater proportion shall purchase (for cash at face value) participations in the Holdco Term Obligations of other Holdco Term Financing Parties to the extent necessary so that the benefit of all such payments shall be shared by the Holdco Term Financing Parties Ratably in accordance with the priorities set forth in <u>Section 9.08</u>; <u>provided</u> that (i) if any such participations are purchased and all or any portion of the payment giving rise thereto is recovered, such participations shall be rescinded and the purchase price restored to the extent of such recovery, without interest, (ii) the provisions of this <u>Section 2.06(d)</u> shall not be construed to apply to any payment made by Holdco Borrower (or solely with respect to the New Super Senior Exit CTCI Agreement, the Refinery Company) pursuant to and in accordance with the express terms of this Agreement or any payment obtained by a Holdco Term Financing Party as consideration for the assignment of or sale of a participation in any of its Holdco Term Obligations to any assignee or Participant, other than to Holdco Borrower or any Affiliate thereof (as to which the provisions of this <u>Section 2.06(d)</u> shall apply) and (iii) this <u>Section 2.06</u> shall not apply to the Direct Costs or O&F, <u>provided further</u> that no Holdco Term Financing Party shall be required to purchase a participation from a Holdco Term Financing Party rejecting its option to receive prepayments under <u>Section 2.05(b)</u> to the extent disproportionality results from the rejecting Holdco Term Financing Party's election under <u>Section 2.05(b)</u>. Holdco Borrower consents to the foregoing and agrees, to the extent it may effectively do so under Applicable Law, that any Holdco Term Financing Party acquiring a participation pursuant to the foregoing arrangements may exercise against such Holdco Term Financing Party rights of setoff and counterclaim with respect to such participation as fully as if such Holdco Term Financing Party were a direct creditor of Holdco Borrower in the amount of such participation.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(e) <u>Presumptions of Payment</u>. Unless the Holdco Term Loan Administrative Agent or CTCI, as applicable, shall have received notice from Holdco Borrower (or solely with respect to the New Super Senior Exit CTCI Agreement, the Refinery Company) prior to the date on which any payment is due to such Agent for account of the Holdco Term Financing Parties hereunder that Holdco Borrower (or solely with respect to the New Super Senior Exit CTCI Agreement, the Refinery Company) will not make such payment, such Agent may assume that Holdco Borrower (or solely with respect to the New Super Senior Exit CTCI Agreement, the Refinery Company) has made such payment on such date in accordance herewith and may, in reliance upon such assumption, distribute to the Holdco Term Financing Parties the amount due to them. In such event, if Holdco Borrower (or solely with respect to the New Super Senior Exit CTCI Agreement, the Refinery Company) has not in fact made such payment within one (1) Business Day after such due date, then each of the Holdco Term Financing Parties severally agrees to repay to the Holdco Term Loan Administrative Agent or CTCI, as applicable, forthwith on demand the amount so distributed to such Holdco Term Financing Party with interest thereon, for each day from and including the date such amount is distributed to it to but excluding the date of payment to such Agent, at the greater of the Federal Funds Effective Rate and a rate determined by such Agent in accordance with banking industry rules on interbank compensation.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(f) <u>Certain Deductions by the Agents</u>. If any Holdco Term Financing Party shall fail to make any payment required to be made by it pursuant to <u>Section 2.07</u>, then the Holdco Term Loan Administrative Agent or CTCI, as applicable, may, in its discretion (notwithstanding any contrary provision hereof), apply any amounts thereafter received by such Agent for account of such Holdco Term Financing Party to satisfy such Holdco Term Financing Party's obligations under such Sections until all such unsatisfied obligations are fully paid.

Section 2.07 <u>Interest</u>.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) <u>Interest Rate</u>. The Holdco Term Obligations (including any Accrued Interest and O&M Interest) shall bear interest at a rate per annum equal to the applicable Interest Rate.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) <u>Default Interest</u>. If all or a portion of the principal or the primary obligation amount of any Holdco Term Obligation, interest in respect thereof or any other amount due under the Holdco Term Financing Documents shall not be paid when due (whether at the stated maturity, by acceleration or otherwise) or there shall occur and be continuing any other Event of Default, then, to the extent so elected by the Holdco Term Loan Administrative Agent (acting at the direction of the Required Holdco Term Financing Parties) or CTCI, after Holdco Borrower (or solely with respect to the New Super Senior Exit CTCI Agreement, the Refinery Company) has been notified in writing by the Holdco Term Loan Administrative Agent (acting at the direction of the Required Holdco Term Financing Parties (or automatically upon the occurrence of an Event of Default pursuant to <u>Section 7.01(f)</u> hereof)) or CTCI, as applicable, the outstanding principal or the primary obligation amount of all Holdco Term Obligations (whether or not overdue) (to the extent legally permitted) shall bear interest at a rate per annum equal to the Post-Default Rate, from the date of such nonpayment or occurrence of such Event of Default, respectively, until such amount is paid in full (after as well as before judgment) or until such Event of Default is no longer continuing, respectively.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) <u>Payment of Interest</u>. Subject to <u>Section 2.07(e)</u>, accrued interest on each Holdco Term Obligation shall be payable in arrears on each Quarterly Date and on the applicable Maturity Date; <u>provided</u> that (i) interest accrued pursuant to <u>Section 2.07(b)</u> shall be payable on demand and (ii) in the event of any repayment or prepayment of any Holdco Term Obligation, accrued interest on the principal or the primary obligation amount repaid or prepaid shall be payable on the date of such repayment or prepayment.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(d) <u>Computation</u>. All interest hereunder shall be computed on the basis of a year of 360 days and shall be payable for the actual number of days elapsed (including the first day but excluding the last day). The computation of interest shall be determined by the Holdco Term Loan Administrative Agent or CTCI, as applicable, and such determination shall be conclusive absent manifest error.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(e) <u>Payment in Kind.</u>

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i) On each Quarterly Date from the Closing Date through and including the Maturity Date, Holdco Borrower (or solely with respect to the New Super Senior Exit CTCI Agreement, the Refinery Company) may pay (x) the Interest Rate with respect to the New Super Senior Exit Term Loans, (y) the Interest Rate with respect to the obligations under the Side Letter, and (z) the O&M Interest, in each case, in kind (in lieu of payment in cash) solely to the extent the Holdco Borrower (or solely with respect to the New Super Senior Exit CTCI Agreement, the Refinery Company) has insufficient cash to pay all such interest set forth in the foregoing clauses (x), (y) (and (z).

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(ii) On each Quarterly Date from the Closing Date through and including December 31, 2027, Holdco Borrower shall pay the Interest Rate with respect to the New Senior Secured Term Loans and the Post-Exit CTCI DIP Deferred Payment Obligations in kind (in lieu of payment in cash).

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(iii) On each Quarterly Date occurring on after December 31, 2027, (A) if any New Super Senior Exit Term Obligations, New Super Senior Exit CTCI Obligations or obligations under the Side Letter remain outstanding, Holdco Borrower shall pay all of the Interest Rate with respect to the New Senior Secured Term Loans and the Post-Exit CTCI DIP Deferred Payment Obligations in kind (in lieu of payment in cash) and (B) if no New Super Senior Exit Term Obligations, obligations under the Side Letter or New Super Senior Exit CTCI Obligations remain outstanding, Holdco Borrower may pay all of the Interest Rate with respect to the New Senior Secured Term Loans and the Post-Exit CTCI DIP Deferred Payment Obligations in kind (in lieu of payment in cash) by written election of Holdco Borrower to the Holdco Term Loan Administrative Agent and CTCI at least ten (10) Business Days prior to such Quarterly Date.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(iv) On each Quarterly Date, Holdco Borrower shall pay the Interest Rate with respect to the First Out Subordinated Senior Secured Term Loans, the Second Out Subordinated Senior Secured Term Loans, the Subordinated Senior Secured EPC Claim, the Subordinated Secured EPC Claim, the Subordinated Junior Term Loans and the Subordinated Junior EPC Claim in kind (in lieu of payment in cash).

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(v) The aggregate outstanding principal or the primary obligation amount of the applicable Holdco Term Obligations shall be automatically increased on each such Quarterly Date by the amount of such interest paid in kind. For the avoidance of doubt, any portion of the Interest Rate not paid in kind shall be paid in cash.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(f) <u>Miscellaneous</u>. For the avoidance of doubt, (i) on each Quarterly Date prior to the Maturity Date, any interest on the Holdco Term Obligations then due and payable shall be paid, either in cash or in kind, in accordance with this Agreement and (ii) on the Maturity Date, any interest on the Holdco Term Obligations then due and payable shall be paid entirely in cash in accordance with this Agreement (including <u>Section 9.08</u>). All amounts of interest added to the principal or the primary obligation amount of the Holdco Term Obligations pursuant to <u>Section 2.07(e)</u> shall bear interest as provided herein, be payable as provided in <u>Section 2.04</u> and shall be due and payable on the Maturity Date. The Holdco Term Loan Administrative Agent's or CTCI's, as applicable determination of the principal or the primary obligation amount of the applicable Holdco Term Obligation outstanding at any time shall be conclusive and binding, absent manifest error.

Article III<br>REPRESENTATIONS AND WARRANTIES

Holdco Borrower represents and warrants to each Agent and the Holdco Term Financing Parties that as of any date that the representations specified in this <u>Article III</u> are required to be made, with respect to all representations and warranties set forth in this <u>Article III</u>, and with respect to all Company Parties:

Section 3.01 <u>Due Organization, Etc</u>.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) Each Company Party is a limited liability company or corporation, as applicable, duly organized, validly existing and in good standing under the laws of the jurisdiction of its organization. Each Company Party (i) has all requisite limited liability company, corporate or other organizational power and authority to own or lease and operate its assets and to carry on its business as now conducted and as proposed to be conducted and (ii) each Company Party is duly qualified to do business and is in good standing in each jurisdiction where necessary in light of its business as now conducted and as proposed to be conducted (including performance of each Material Document to which it is party), except where the failure to so qualify could not reasonably be expected to be material and adverse to the Company Parties or the Holdco Term Financing Parties. No filing, recording, publishing or other act by a Company Party that has not been made or done is necessary in connection with the existence or good standing of such Company Party.

Section 3.02 <u>Authorization, Etc.</u> Each Company Party has full corporate, limited liability company or other organizational powers, authority and legal right to enter into, deliver and perform its respective obligations under each of the Holdco Term Financing Documents to which it is a party and to consummate each of the transactions contemplated herein and therein, and has taken all necessary corporate, limited liability company or other organizational action to authorize the execution, delivery and performance by it of each of the Holdco Term Financing Documents to which it is a party. Each of the Holdco Term Financing Documents to which any Company Party is a party has been duly executed and delivered by such Company Party and is in full force and effect and constitutes a legal, valid and binding obligation of such Company Party, enforceable against such Company Party in accordance with its respective terms, except as enforcement may be limited (i) by Bankruptcy, insolvency, reorganization, moratorium, fraudulent conveyance or other similar laws affecting creditors' rights generally, (ii) by general principles of equity (regardless of whether such enforceability is considered in a proceeding in equity or at law) and (iii) by implied covenants of good faith and fair dealing.

Section 3.03 <u>No Conflict</u>. The execution, delivery and performance by the Holdco Borrower (or solely with respect to the New Super Senior Exit CTCI Agreement, the Refinery Company) of each of the Holdco Term Financing Documents to which it is a party and all other documents and instruments to be executed and delivered hereunder by it, as well as the consummation of the transactions contemplated herein and therein, do not and will not (i) conflict with the Organizational Documents of the Holdco Borrower (or solely with respect to the New Super Senior Exit CTCI Agreement, the Refinery Company), (ii) conflict with or result in a breach of, or constitute a default under, any indenture, loan agreement, mortgage, deed of trust or other instrument or agreement to which the Holdco Borrower (or solely with respect to the New Super Senior Exit CTCI Agreement, the Refinery Company) is a party or by which it is bound or to which the Holdco Borrower's (or solely with respect to the New Super Senior Exit CTCI Agreement, the Refinery Company's) property or assets are subject (other than any Material Document to which the Holdco Borrower is a party), except where such contravention or breach could not reasonably be expected to be material and adverse to the Holdco Borrower (or solely with respect to the New Super Senior Exit CTCI Agreement, the Refinery Company) or Holdco Term Financing Parties, (iii) conflict with or result in a breach of, or constitute a default under, any Material Document to which the Holdco Borrower (or solely with respect to the New Super Senior Exit CTCI Agreement, the Refinery Company) is a party, (iv) conflict with or result in a breach of, or constitute a default under, in any material respect, any Applicable Law, except where such contravention or breach could not reasonably be expected to have a Material Adverse Effect, or (v) with respect to the Holdco Borrower (or solely with respect to the New Super Senior Exit CTCI Agreement, the Refinery Company), result in the creation or imposition of any Lien (other than a Permitted Lien) upon any of the Holdco Borrower's or the Refinery Company's property or the Collateral.

Section 3.04 <u>Approvals, Etc</u>. Each Company Party (a) has obtained all material Authorizations required by any Governmental Authority under any Applicable Law, in each case that are necessary for such Company Party's then-current business activities (other than (x) those Authorizations that are immaterial and are ministerial in nature and can reasonably be expected to be obtained in due course, without materially adverse conditions or requirements, on or before the date required and (y) those Authorizations which are required to be obtained due to a change in law arising after the Closing Date) and (b) is in compliance with all Authorizations except such non-compliance as would not reasonably be expected to have a Material Adverse Effect. As of the Closing Date, each Authorization that has not yet been obtained is reasonably expected to be obtained in due course, without materially adverse conditions or requirements and prior to the time the same is required to be obtained.

Section 3.05 <u>No Material Adverse Effect</u>. Since the Closing Date, no event, change or condition has occurred that has caused, or could be reasonably expected to cause, a Material Adverse Effect.

Section 3.06 <u>Litigation</u>. Except as set forth on <u>Schedule 3.06</u>, there is no pending or, to the knowledge of any Authorized Representative of any Company Party, threatened (in writing) litigation, investigation, action or proceeding of or before any court, arbitrator or Governmental Authority (in the case of any of the foregoing not involving the Company Parties, to the knowledge of any Authorized Representative of any Company Party) (i) seeking to restrain or prohibit the consummation of the transactions contemplated by the Holdco Term Financing Documents, (ii) purporting to affect the legality, validity or enforceability of any of the Holdco Term Financing Documents, (iii) that affects the Refinery or any material part of the Site or (iv) that affects the business of the Company Parties, in the case of clauses (iii) and (iv), that has caused, or could be reasonably expected to cause, a Material Adverse Effect.

Section 3.07 <u>Authorizations; Environmental Matters</u>. Except as set forth on <u>Schedule 3.07</u>:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) each Company Party and the Refinery is now and has been in compliance with all applicable Environmental Laws, except as would not be reasonably expected to have a Material Adverse Effect;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) each Company Party or the Refinery, as applicable, (i) holds or has applied for all material Authorizations required for any of its current operations or for any property owned, leased or otherwise operated by it; and (ii) is and has been in compliance with all Authorizations required under Applicable Laws, except, in each case, as would not be reasonably expected to have a Material Adverse Effect;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) there are no past, pending or, to the knowledge of an Authorized Representative of any Company Party, threatened, Environmental Claims asserted against any Company Party or the Refinery, including any consent decrees, orders, settlements or other written agreements relating to compliance or liability with Environmental Laws, except as would not be reasonably expected to have a Material Adverse Effect;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(d) there has been no Release or threat of Release of Hazardous Materials at, on, from or under the Site or any other real property currently or formerly owned, leased or operated by any Company Party, except in each case in compliance with Environmental Laws, except as would not be reasonably expected to have a Material Adverse Effect;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(e) there have been no material environmental investigations, studies, audits, reviews or other analyses conducted by any Company Party in relation to the Refinery which disclose any potential basis for Environmental Claims, except as would not be reasonably expected to have a Material Adverse Effect; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(f) each Company Party has made available copies of all material reports, correspondence and other documents in its possession, or reasonable control regarding compliance by any of the Company Parties, or potential liability of any of the Company Parties under Environmental Laws or Authorizations required under Environmental Laws, except as would not be reasonably expected to have a Material Adverse Effect.

This <u>Section 3.07</u> sets forth the only representations and warranties of the Company Parties related to any Environmental Claims, Environmental Laws, Hazardous Materials or any other environmental matters.

Section 3.08 <u>Compliance with Laws and Obligations</u>. Subject to <u>Section 3.07</u>, each Company Party is in compliance with all Applicable Laws applicable to the Company Parties, except where the failure to do so, individually or in the aggregate, could not reasonably be expected to result in a Material Adverse Effect.

Section 3.09 <u>Taxes</u>. Except as specified on <u>Schedule 3.09</u>, each Company Party has timely filed or caused to be filed all material tax returns and reports required to have been filed by it and has paid or has caused to be paid all material taxes required to have been paid by it (whether or not shown as due on any tax returns), other than (i) taxes that are being contested in accordance with the Permitted Contest Conditions or (ii) to the extent the failure to do so could not reasonably be expected to have a Material Adverse Effect.

Section 3.10 <u>ERISA</u>.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) No ERISA Event has occurred or is reasonably expected to occur which has or could reasonably be expected to have a Material Adverse Effect. Each Pension Plan has complied in all material respects with the applicable provisions of ERISA and the Code. No termination of a Pension Plan has occurred resulting in any liability that has remained underfunded and no Lien against any Company Party or any of its ERISA Affiliates in favor of the PBGC or a Pension Plan has arisen during the five-year period prior to the date hereof. None of the Company Parties or any of its ERISA Affiliates has incurred any liability in an amount which has or could reasonably be expected to have a Material Adverse Effect on account of a complete or partial withdrawal from a Multiemployer Plan.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) None of the Company Parties has incurred any obligation which has or could reasonably be expected to have a Material Adverse Effect on account of the termination or withdrawal from any Foreign Plan.

Section 3.11 <u>Foreign Assets Control Regulations; Anti-Corruption Laws; Anti-Money Laundering Laws</u>.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) None of the Company Parties, and none of their respective officers or directors, or, to any of the Company Parties' knowledge, their respective Affiliates or agents (in their capacity as such) (i) is a Sanctioned Person; or (ii) engages in any dealings or transactions in or with a Sanctioned Country or a Sanctioned Person or that are otherwise prohibited by Sanctions.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) Each of the Company Parties has implemented and currently maintains or is subject to policies and procedures designed to ensure compliance with Sanctions, Anti-Corruption Laws, and Anti-Money Laundering Laws.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) Each of the Company Parties and their respective officers, directors, employees and, to the Company Parties' knowledge, agents (in their capacity as such) are in compliance with Anti-Corruption Laws, Anti-Money Laundering Laws and Sanctions.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(d) No part of the proceeds of the Holdco Term Loans or EPC Claims will be used, directly or knowingly indirectly (i) in violation of the FCPA, Anti-Money Laundering Laws or Sanctions or (ii) to offer or make payments or to take any other action that would constitute a violation, or implicate any Holdco Term Financing Party, Holdco Term Loan Administrative Agent, Holdco Term Collateral Agent or their respective Affiliates in a violation, of Anti-Corruption Laws or applicable Sanctions.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(e) Each of the Company Parties has disclosed all facts known to it regarding (a) all claims, damages, liabilities, obligations, losses, penalties, actions, judgment, and/or allegations of any kind or nature that are asserted against, paid or payable by such Person, any of its Affiliates or any of its representatives in connection with non-compliance with Anti-Corruption Laws, Sanctions or Anti-Money Laundering Laws by such Person, and (b) any investigations involving possible non-compliance with Anti-Corruption Laws, Sanctions or Anti-Money Laundering Laws by such Person or such Affiliate or such representative. No proceeding by or before any Governmental Authority involving any Company Party with respect to Anti-Corruption Laws, Sanctions or Anti-Money Laundering Laws is pending or, to the knowledge of the Company Parties, threatened.

Article IV<br>CONDITIONS

Section 4.01 <u>Conditions to Closing Date</u>. The occurrence of the Closing Date and the effectiveness of this Agreement and each other Holdco Term Financing Document are subject to the receipt by the Agents (except as set forth otherwise below) of each of the following documents, and the satisfaction of the conditions precedent set forth below, each of which must be satisfied to the satisfaction of the Holdco Term Loan Administrative Agent and CTCI (unless waived in accordance with <u>Section 10.02</u>):

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) <u>Holdco Term Financing Documents</u>. Each of the Holdco Term Financing Documents shall have been duly executed and delivered by each of the Holdco Borrower, the Refinery Company, the Agents and Holdco Term Financing Parties intended to be parties thereto and shall be in full force and effect.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) <u>Corporate Documents.</u> The Agents shall have received:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i) copies of the Holdco Borrower's Organizational Documents, which Organizational Documents shall be (1) certified by an Authorized Representative of the Holdco Borrower, and (2) with respect to Organizational Documents that are charter documents, certified as of a recent date (not more than ten (10) days prior to the Closing Date) by the appropriate governmental official,

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(ii) a certificate as to the good standing (to the extent such concept or a similar concept exists under the laws of such jurisdiction) of the Holdco Borrower to be issued by a Secretary of State (or other similar official) and dated within ten (10) days of the Closing Date, and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(iii) a certificate from an Authorized Representative of the Holdco Borrower dated the Closing Date (i) attesting to the resolutions of the Holdco Borrower's members, managers or other governing body authorizing its execution, delivery, and performance of the Holdco Term Financing Documents to which it is a party, (ii) authorizing specific officers or other authorized persons of the Holdco Borrower to execute the same, (iii) attesting to the incumbency and signatures of such specific officers or other authorized persons of the Holdco Borrower; and (iv) confirming satisfaction of the conditions set forth in this Section 4.01 (other than with respect to whether any document, event or circumstance is satisfactory or otherwise acceptable to the Agents or any Holdco Term Financing Party).

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) <u>Fees and Expenses</u>. The Holdco Borrower shall have paid all reasonable and documented out-of-pocket fees, costs and expenses of the Agents and the Holdco Term Financing Parties to the extent due and payable on the Closing Date in accordance with the Approved Plan.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(d) <u>Representations and Warranties</u>. The representations and warranties of the Holdco Borrower (and solely with respect to the New Super Senior Exit CTCI Agreement, the Refinery Company) set forth in the Holdco Term Financing Documents shall be true and correct in all material respects (except where already qualified by materiality or Material Adverse Effect, in which case, such representations and warranties shall be true and correct in all respects) on and as of the Closing Date (unless stated to relate solely to an earlier date, in which case such representations and warranties were true and correct as of such earlier date).

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(e) <u>Collateral Perfection Matters</u>. The Agents shall have received:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(ii) copies of UCC, judgment lien, tax lien and litigation lien search reports, which reports will be dated a recent date reasonably acceptable to the Holdco Term Loan Administrative Agent and CTCI, listing all effective financing statements that name Holdco Borrower as debtor and that are filed in the jurisdictions in which the UCC-1 financing statements will be filed in respect of the Collateral, none of which shall cover the Collateral except to the extent evidencing Permitted Liens;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(f) <u>Security Documents</u>. The security interests in and to the Collateral as of the Closing Date intended to be created under the Holdco Term Security Documents in effect as of the Closing Date shall have been created in favor of the Holdco Term Collateral Agent for the benefit of the Holdco Term Secured Parties, are in full force and effect and the necessary notices, consents, acknowledgments, filings, registrations and recordings to preserve, protect and perfect the security interests in such Collateral have been made immediately prior to the occurrence of the Closing Date such that the security interests granted in favor of the Holdco Term Collateral Agent for the benefit of the Holdco Term Secured Parties are filed, registered and recorded and will constitute a first priority, perfected security interest in such Collateral free and clear of any Liens, other than Permitted Liens, and all related recordation, registration and/or notarial fees of such Collateral have been paid to the extent required.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(g) <u>Chapter 11 Cases</u>.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i) The Approved Plan shall have been confirmed by the Bankruptcy Court pursuant to the Confirmation Order.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(ii) All conditions precedent to the effectiveness of the Approved Plan shall have been satisfied (or waived in accordance with the terms thereof).

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(iii) The Confirmation Order shall be in full force and effect and not be subject to any stay or appeal, except for any appeal, the result of which would not have a materially adverse effect on the rights and interests of the Holdco Term Secured Parties (taken as a whole) and their respective Affiliates, which shall be a permissible appeal the pendency of which shall not prevent the occurrence of the Closing Date.

Article V<br>AFFIRMATIVE COVENANTS

The Holdco Borrower hereby agrees that from and after the Closing Date, with respect to itself and each of the other Company Parties, in all respects:

Section 5.01 <u>Corporate Existence; Etc</u>. The Holdco Borrower shall, and shall cause each Company Party to, at all times preserve and maintain in full force and effect (a) subject to the proviso of <u>Section 6.07(b)</u>, its existence as a corporation or a limited liability company, as applicable, in good standing under the laws of the jurisdiction of its organization and (b) except as would not reasonably be expected to cause a Material Adverse Effect, its qualification to do business and its good standing in each jurisdiction in which the character of properties owned by it or in which the transaction of its business as conducted or proposed to be conducted makes such qualification necessary.

Section 5.02 <u>Conduct of Business</u>. The Holdco Borrower shall cause each applicable Company Party to operate, maintain and preserve or cause to be operated, maintained and preserved, the Site in accordance in all material respects with the requirements of the Material Documents to which it is a party and in compliance, in all material respects, with Applicable Laws and Authorizations by Governmental Authorities and the terms of its insurance policies.

Section 5.03 <u>Compliance with Laws and Obligations</u>. The Holdco Borrower shall, and shall cause each Company Party to:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) comply with all Applicable Laws and Authorizations, including applicable Environmental Laws and occupational health and safety regulations, except to the extent any non-compliance, individually or in the aggregate, could not reasonably be expected to result in a Material Adverse Effect;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) comply with and perform its respective contractual obligations, and enforce against other parties their respective contractual obligations, under each Material Document to which it is a party except to the extent any non-compliance or non-enforcement, individually or in the aggregate, could not reasonably be expected to result in a Material Adverse Effect; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) comply with and not violate applicable Sanctions, Anti-Money Laundering Laws, the FCPA or any other Anti-Corruption Laws or undertake or cause to be undertaken any Anti-Corruption Prohibited Activity.

Section 5.04 <u>Maintenance of Title</u>. The Holdco Borrower shall, and shall cause each Company Party to, maintain (a) good title to the material property owned by such Company Party free and clear of Liens, other than Permitted Liens; (b) legal and valid and subsisting leasehold interests to the material properties leased by such Company Party, free and clear of Liens, other than Permitted Liens; and (c) legal and valid possessory rights to the material properties possessed and not otherwise held in fee or leased by such Company Party.

Section 5.05 <u>Insurance</u>.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) The Holdco Borrower shall, and shall cause each Company Party to, maintain or cause to be maintained in all material respects on its behalf in effect at all times (subject to customary deductibles and retentions) in such amounts and against such risks as are customarily maintained by similarly situated companies engaged in the same or similar businesses operating in the same or similar locations, from financially sound insurance companies of recognized responsibility.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) The Holdco Borrower shall, and shall cause each Company Party to, maintain or cause to be maintained the insurance required to be maintained pursuant to the Material Documents in accordance with the terms of the same.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) Loss Proceeds of the insurance policies provided or obtained by or on behalf of the Holdco Borrower shall be required to be paid by the respective insurers directly to the Collateral Account. If any Loss Proceeds that are required under the preceding sentence to be paid to the Collateral Account are received by any other Person, such Loss Proceeds shall be received in trust for the Holdco Term Collateral Agent, shall be segregated from other funds of the recipient, and shall be forthwith paid into the Collateral Account, in the same form as received (with any necessary endorsement).

Section 5.06 <u>Payment of Taxes, Etc</u>. The Holdco Borrower shall, and shall cause each Company Party to, pay and discharge, before the same shall become delinquent: (a) all material taxes, assessments and governmental charges or levies imposed upon it or upon its property to the extent required under Applicable Law and (b) all material lawful claims that, if unpaid, might become a Lien (other than a Permitted Lien of the type referenced in <u>clause (a)(i)</u> of the definition of Permitted Lien) upon its property; <u>provided</u> that such Company Party shall not be required to pay or discharge any such tax, assessment, charge or claim for so long as (x) such Company Party satisfies the Permitted Contest Conditions in relation to such tax, assessment, charge or claim or (y) the failure to do so could not reasonably be expected to have a Material Adverse Effect.

Section 5.07 <u>Financial Statements; Other Reporting Requirement</u>. The Holdco Borrower shall furnish to the Holdco Term Loan Administrative Agent and CTCI:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) the financial statements required under Section 9.06 of the Holdco Borrower LLC Agreement (as in effect on August 11, 2025); and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) the financial statements and reports to the extent delivered to Vitol pursuant to Section 5.01 of the Vitol RCF Agreement.

Section 5.08 <u>Notices</u>. The Holdco Borrower shall promptly (and in any event within five (5) Business Days) upon an Authorized Representative of the Holdco Borrower obtaining knowledge thereof, give notice to the Holdco Term Loan Administrative Agent and CTCI of:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) notice of the occurrence of any force majeure claim, change order request, indemnity claim, dispute, breach or default under any of the Material Documents, to the extent in any such case, such event could reasonably be expected to have a cost or impact to one or more Company Parties equal to or in excess of $2,000,000;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) details of any change of Applicable Law that would reasonably be expected to have a Material Adverse Effect;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) any material notice or communication given to or received (i) from creditors of any Company Party generally or (ii) in connection with any Material Document;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(d) notice received by it with respect to the cancellation of, adverse change in, or default under, any insurance policy required to be maintained in accordance with <u>Section 5.06</u>;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(e) the filing or commencement of any litigation, investigation, action or proceeding of or before any court, arbitrator or Governmental Authority against or affecting any Company Party, the Site or the Refinery that, if adversely determined, could reasonably be expected to result in liability to any Company Party in an aggregate amount exceeding $500,000 or be materially adverse to the interests of the Company Parties;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(f) the occurrence of a Default or an Event of Default or an incipient or mature event of default or termination event under a Midco Financing Document;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(g) any material written amendment of any Material Document, and correct and complete copies of any Material Documents executed after the Closing Date, in either case, within seven (7) days after execution thereof;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(h) any Environmental Claim by any Person against, or with respect to the activities of, the Company Parties or the Refinery and any alleged violation of or non-compliance with any Environmental Laws or any Authorizations required by Environmental Laws applicable to any Company Party or the Refinery that, if adversely determined, could reasonably be expected to have a Material Adverse Effect;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i) the occurrence of any ERISA Event that would reasonably be expected to have a Material Adverse Effect, together with a written notice setting forth the nature thereof and the action, if any, that such Company Party proposes to take with respect thereto;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(j) the sale, lease, transfer or other Disposition of, in one transaction or a series of transactions, all or any part of its property in excess of $500,000 per individual Disposition or $1,000,000 in the aggregate per annum for all such Dispositions and/or Events of Loss;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(k) the occurrence of a Bankruptcy of any Company Party or Material Counterparty;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(l) notice of any condemnation, taking by eminent domain or other taking or seizure by a Governmental Authority with respect to a material portion of the Refinery or the Site;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(m) notice of the receipt or delivery in writing of any material force majeure claim, material change order request, material indemnity claim, material dispute, material breach or default, or other material written communication under any Material Documents; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(n) within three (3) days, any development that has resulted, or could reasonably be expected to result, in a Material Adverse Effect after the Closing Date.

Section 5.09 <u>Use of Proceeds</u>.(a) The Holdco Term Obligations (other than the New Super Senior Exit Term Loans, the obligations under the Side Letter and the New Super Senior Exit CTCI Obligations) shall be used solely to consummate the conversion of certain existing obligations of the Company Parties as set forth in <u>Section 2.01</u>, (b) the New Super Senior Exit Term Loans and the funds received by the Holdco Borrower from the reimbursement of Paid Professional Fees (as defined in the Side Letter) shall be used solely for working capital and general corporate purposes of the Company Parties, (c) the New Super Senior Exit CTCI Obligations shall be used for payment of costs and expenses of the Company Parties pursuant to the New Super Senior Exit CTCI Agreement and (d) the Additional Professional Fees (as defined in the Side Letter) shall be used for payment as of the Closing Date of CTCI Holdco Counsel's professional fees pursuant thereto.

Section 5.10 <u>Security</u>. The Holdco Borrower shall preserve and maintain the security interests granted under the Holdco Term Security Documents and undertake all actions which are necessary or appropriate to: (a) subject to Permitted Liens, maintain the Holdco Term Collateral Agent's security interest in the Collateral in full force and effect at all times (including the priority thereof) and (b) subject to Permitted Liens, preserve and protect the Collateral and protect and enforce the Holdco Borrower's rights and title and the rights of the Holdco Term Collateral Agent and the other Holdco Term Secured Parties to the Collateral, including, if requested, the making or delivery of all filings and recordations, the payment of all fees and other charges and the issuance of supplemental documentation; <u>provided</u> that this <u>Section 5.10</u> shall not apply to the Subordinated Junior Term Facility or the Subordinated Junior EPC Claim.

Section 5.11 <u>Further Assurances</u>. The Holdco Borrower shall execute, acknowledge where appropriate, and deliver, and cause to be executed, acknowledged where appropriate, and delivered, from time to time promptly at the reasonable request of any Agent all such instruments and documents as are necessary or appropriate to carry out the intent and purpose of the Holdco Term Financing Documents (including filings, recordings or registrations required to be filed in respect of any Holdco Term Security Document or assignment thereto) necessary to maintain, to the extent permitted by Applicable Law, the Holdco Term Collateral Agent's perfected security interest in the Collateral (subject to Permitted Liens) to the extent and in the priority required pursuant to the Holdco Term Financing Documents; <u>provided</u> that this <u>Section 5.11</u> shall not apply to the Subordinated Junior Term Facility or the Subordinated Junior EPC Claim.

Section 5.12 <u>Collateral Accounts</u>.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) The Holdco Borrower shall at all times after the Deposit Account Deadline maintain the Collateral Account and any other account permitted herein in accordance with this Agreement and the Holdco Term Financing Documents; <u>provided</u> that this <u>Section 5.12</u> shall not apply to the Subordinated Junior Term Facility or the Subordinated Junior EPC Claim. The Holdco Borrower shall not maintain any securities accounts or bank accounts other than the Collateral Account.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) The Holdco Borrower shall at all times deposit and maintain, or cause to be deposited and maintained, all Holdco Borrower Revenues, insurance proceeds and other amounts received into the Collateral Account in accordance with this Agreement and the other Holdco Term Financing Documents and request or make only such payments and transfers out of the Collateral Account as permitted by this Agreement and the other Holdco Term Financing Documents.

Notwithstanding anything to the contrary herein, any actions expressly permitted under the Holdco Borrower LLC Agreement or approved by the Board (as defined in the Holdco Borrower LLC Agreement) thereunder shall be permitted under this <u>Article V</u> and be deemed to not be a Default or Event of Default; <u>provided</u> that CTCI's prior written consent shall be required for any applicable matter listed on <u>Annex II</u> all as set forth therein, and the failure to obtain such consent shall be an Event of Default.

Article VI<br>NEGATIVE COVENANTS

Until all Holdco Term Obligations have been paid in full, the Holdco Borrower, on behalf of itself and each other Company Party, covenants and agrees with the Holdco Term Loan Administrative Agent and the Holdco Term Financing Parties that:

Section 6.01 <u>Subsidiaries</u>. The Holdco Borrower shall not (a) form or have any Subsidiary (other than as set forth on <u>Schedule 6.01</u>) or (b) subject to <u>Section 6.04</u> hereof, own, or otherwise Control any Capital Stock in, any other Person.

Section 6.02 <u>Indebtedness</u>. The Holdco Borrower shall not, and shall not permit any other Company Party to, create, incur, assume or suffer to exist any Indebtedness, other than (without duplication) (each of the following, "<u>Permitted Indebtedness</u>"):

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) (i) Indebtedness incurred under the Holdco Term Financing Documents and (ii) Indebtedness incurred under the New Super Senior Exit Term Facility, the Side Letter and the New Super Senior Exit CTCI Agreement (assuming for purposes of this clause that the New Super Senior Exit CTCI Obligations and obligations under the Side Letter constitute Indebtedness), in an aggregate principal amount of up to $86,000,000 *plus* any interest that is paid in kind pursuant to <u>Section 2.07(e)</u>, and any Permitted Refinancing (Exit) of such Indebtedness;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) Indebtedness (including indebtedness for borrowed money, discounting of receivables, or prepayment or similar transactions) incurred in connection with the Vitol Transaction Documents (in a principal amount of up to $125,000,000 for the Vitol RCF Agreement) and any Permitted Refinancing thereof;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) Indebtedness between or among the Company Parties; provided that all such Indebtedness of the Holdco Borrower shall be fully subordinated in lien priority and right of payment to the Holdco Term Obligations on terms that are reasonably acceptable to the Required Holdco Term Financing Parties;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(d) in respect of the Holdco Borrower, current accounts payable not more than ninety (90) days past due or which are being contested in accordance with the Permitted Contest Conditions, interest thereon, regulatory bonds, surety obligations and accrued expenses incurred, in the ordinary course of business;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(e) in respect of the Holdco Borrower, Indebtedness (i) resulting from a bank or other financial institution honoring a check, draft or similar instrument in the ordinary course of business, or (ii) arising under or in connection with cash management services in the ordinary course of business;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(f) in respect of the Holdco Borrower, other Indebtedness that does not constitute debt for borrowed money not to exceed $1,000,000 in the aggregate at any time outstanding;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(g) in respect of the Midco Company Parties, any other Indebtedness permitted under (x) the Vitol RCF Agreement as in effect on the Closing Date or (y) any Permitted Refinancing of the Vitol RCF Agreement; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(h) to the extent constituting Indebtedness, amounts due and owing to the GUC Trust (as defined therein) under that certain Earnout Agreement among the Holdco Borrower, Province Fiduciary Services, LLC, as the GUC Trustee, and the other parties thereto.

Section 6.03 <u>Liens, Etc</u>. The Holdco Borrower shall not, and shall not permit any other Company Party to, create, incur, assume or suffer to exist any Lien upon or with respect to any of its properties of any character (including accounts receivables) whether now owned or hereafter acquired, or assign any accounts or other right to receive income, other than Permitted Liens.

Section 6.04 <u>Investments, Advances, Loans</u>. The Holdco Borrower shall not, and shall not permit any other Company Party to, make any advance, loan or extension of credit to, or make any acquisitions of or Investments (whether by way of transfers of property, contributions to capital, acquisitions of stock, securities, evidences of Indebtedness or otherwise) in, or purchase any stock, bonds, notes, debentures or other securities of, any other Person, other than:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) Investments in the common equity of another Company Party;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) Investments consisting of intercompany loans among Company Parties to the extent consented to by the Holdco Term Loan Administrative Agent (in its reasonable discretion);

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) Cash Equivalents;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(d) extensions of trade credit in the ordinary course of business;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(e) to the extent constituting investments, investments in contracts to the extent otherwise permitted under the Holdco Term Financing Documents;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(f) Investments in existence on the Closing Date and identified on <u>Schedule 6.04</u>; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(g) with respect to the Midco Company Parties, any other Investments permitted under (x) the Vitol RCF Agreement as in effect on the Closing Date or (y) any Permitted Refinancing of the Vitol RCF Agreement.

Section 6.05 <u>Business Activities; Passive Holding Company</u>.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) The Holdco Borrower shall not, and shall not permit any other Company Party to, at any time conduct any activities other than those related to the Permitted Business and any activities incidental to the foregoing.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) The Holdco Borrower shall not hold any assets other than (i) the Capital Stock in its direct Subsidiaries as permitted hereunder, (ii) assets, properties or rights that are not capable of being sold, assigned, transferred or conveyed without the consent of any other Person, or if such assignment or attempted assignment would constitute a breach thereof, or a violation of any Applicable Law, (iii) minute books and other corporate books and records of the Holdco Borrower, (iv) other miscellaneous non-material assets and (v) the Collateral Account and Investments in assets that are cash or Cash Equivalents therein.

Section 6.06 <u>Restricted Payments</u>. The Holdco Borrower shall not, and shall not permit any other Company Party to, declare or make, or agree to pay or make, directly or indirectly, any Restricted Payment, other than (a) any Restricted Payments by a Company Party to another Company Party and (b) with respect to the Midco Company Parties, any Restricted Payments permitted by (x) the Vitol RCF Agreement as in effect on the Closing Date or (y) any Permitted Refinancing of the Vitol RCF Agreement.

Section 6.07 <u>Fundamental Changes; Asset Dispositions and Acquisitions</u>. The Holdco Borrower shall not, and shall not permit any other Company Party to:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) in respect of the Holdco Borrower, in one transaction or a series of transactions, merge into or consolidate with, or acquire all or any substantial part of the assets or any class of stock or other ownership interests of, any other Person or sell, transfer or otherwise dispose of (i) all or substantially all of its assets to any other Person or (ii) any of the Pledged Equity Interests (as defined in the Holdco Term Security Agreement);

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) in respect of the Holdco Borrower, change its legal form, liquidate or dissolve;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) in respect of any Company Party, make or agree to make any amendment to its Organizational Documents to the extent that such amendment could reasonably be expected to be materially adverse to the interests of the Agents or the Holdco Term Financing Parties;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(d) with respect to any Midco Company Party, purchase, acquire or lease (as lessee) any assets other than those purchases, acquisitions and/or leases permitted under the Midco Financing Documents; or

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(e) with respect to any Midco Company Party, convey, sell, lease (as lessor), transfer or otherwise dispose of, in one transaction or a series of transactions, all or any part of its property other than the conveyances, sales, leases, transfers or dispositions permitted under the Midco Financing Documents.

Section 6.08 <u>Accounting Changes</u>. The Holdco Borrower shall not, and shall not permit any other Company Party to, change its fiscal year.

Section 6.09 <u>Transactions with Affiliates</u>. The Holdco Borrower shall not, and shall not permit any other Company Party to, directly or indirectly enter into any transaction or series of related transactions with an Affiliate of such Company Party, except for (i) transactions set forth on <u>Schedule 6.09</u>, (ii) Restricted Payments permitted under <u>Section 6.06</u>, (iii) equity contributions from one or more Equity Shareholders of Holdco Borrower made to one or more Company Parties, (iv) to the extent constituting a transaction with an Affiliate, the Entara Agreement and the Holdco Term Financing Documents, (v) transactions in the ordinary course of such Company Party's (and such Affiliate's) business and upon fair and reasonable terms no less favorable to such Company Party than it would obtain in comparable arm's-length transactions with a Person acting in good faith which is not an Affiliate and (vi) transactions among Company Parties.

Notwithstanding anything to the contrary herein, any actions expressly permitted under the Holdco Borrower LLC Agreement or approved by the Board (as defined in the Holdco Borrower LLC Agreement) thereunder shall be permitted under this <u>Article VI</u> and be deemed to not be a Default or Event of Default; <u>provided</u> that CTCI's prior written consent shall be required for any applicable matter listed on <u>Annex II</u> all as set forth therein, and the failure to obtain such consent thereunder shall be an Event of Default.

Article VII<br>EVENTS OF DEFAULT

Section 7.01 <u>Events of Default</u>. If any of the following events ("<u>Events of Default</u>") shall occur:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) Holdco Borrower (or solely with respect to the New Super Senior Exit CTCI Agreement, the Refinery Company) shall fail to pay any principal or the primary obligation amount of any Holdco Term Obligations (including any Accrued Interest and O&M Interest that has been added to principal or primary obligations) when and as the same shall become due and payable, whether at the due date thereof or, in the case of payments of principal or the primary obligations due pursuant to <u>Section 2.05(b)</u>, at a date fixed for prepayment thereof; or

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) Holdco Borrower (or solely with respect to the New Super Senior Exit CTCI Agreement, the Refinery Company) shall fail to pay, when the same shall be due and payable, (i) any interest on any Holdco Term Obligations and such failure is not cured within five (5) Business Days or (ii) any fee or any other amount (other than an amount referred to in <u>clause (a)</u> or <u>(b)(i)</u> of this Section) payable under this Agreement or under any other Holdco Term Financing Document when and as the same shall become due and payable, and such failure shall continue unremedied for a period of ten (10) Business Days; or

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) any representation or warranty made by or deemed made by the Holdco Borrower (or solely with respect to the New Super Senior Exit CTCI Agreement, the Refinery Company) in this Agreement or any other Holdco Term Financing Document, or in any certificate or other document furnished to any Holdco Term Financing Party by or on behalf of the Holdco Borrower (or solely with respect to the New Super Senior Exit CTCI Agreement, the Refinery Company) in accordance with the terms hereof or thereof shall prove to have been incorrect in any material respect as of the time made or deemed made, confirmed or furnished (or, in the case of any such representation or warranty under this Agreement or any other Holdco Term Financing Document already qualified by materiality, such representation or warranty shall prove to have been incorrect) when made or deemed made; <u>provided</u> that such misrepresentation or such incorrect statement shall not constitute an Event of Default if (i) such condition or circumstance is not reasonably expected to result in a Material Adverse Effect and (ii) the facts or conditions giving rise to such misstatement are cured in such a manner as to eliminate such misstatement (or as to cure the adverse effects of such misstatement) within thirty (30) days after obtaining notice of such Default; provided, further that, if (A) such Default is not reasonably susceptible to cure within such thirty (30) days, (B) the Holdco Borrower (or solely with respect to the New Super Senior Exit CTCI Agreement, the Refinery Company) is proceeding with diligence and good faith to cure such Default and such Default is susceptible to cure and (C) the existence of such failure has not resulted in a Material Adverse Effect, such thirty (30) day period shall be extended as may be necessary to cure such failure, such extended period not to exceed ninety (90) days in the aggregate (inclusive of the original thirty (30) day period); or

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(d) the Holdco Borrower shall fail to observe or perform any covenant or agreement, as applicable, contained in:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i) <u>Sections 5.01</u> (as to existence) or <u>Article VI</u>; or

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(ii) <u>Section 5.07(a)</u>, and such failure has continued unremedied for a period of thirty (30) days; or

<u>provided</u>, that any such Event of Default that occurs and is continuing solely as a result of a failure of the Holdco Borrower to provide a notice, a report, a budget, a certificate, financial statements or a similar written deliverable pursuant to <u>Sections 5.07</u> or <u>5.08</u> (other than <u>Section 5.08(d)</u>) (collectively a "<u>Reporting Deliverable</u>") prior to the date set forth herein with respect thereto or the expiration of the time period specified for the delivery of such Reporting Deliverable shall be deemed to be cured upon delivery of such Reporting Deliverable to the Agents within the applicable cure period set forth under this <u>Section 7.01(d)</u>, notwithstanding that the time period for delivery of such Reporting Deliverable shall have expired or passed under <u>Sections 5.07</u> or <u>5.08</u>; or

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(e) the Holdco Borrower (or solely with respect to the New Super Senior Exit CTCI Agreement, the Refinery Company) shall fail to observe or perform any covenant, condition or agreement contained in this Agreement or any other Holdco Term Financing Document (other than those specified in <u>clause (a)</u>, <u>(b)</u>, <u>(c)</u> or <u>(d)</u> of this Section) and such failure shall continue unremedied for a period of thirty (30) days; <u>provided</u> that, if (A) such failure is not reasonably susceptible to cure within such thirty (30) days, (B) the Holdco Borrower (or solely with respect to the New Super Senior Exit CTCI Agreement, the Refinery Company) is proceeding with diligence and good faith to cure such Default and such Default is susceptible to cure and (C) the existence of such failure has not resulted in a Material Adverse Effect, such thirty (30) day period shall be extended as may be necessary to cure such failure, such extended period not to exceed ninety (90) days in the aggregate (inclusive of the original thirty (30) day period); <u>provided</u>, that any such Event of Default that occurs and is continuing solely as a result of a failure of the Holdco Borrower (or solely with respect to the New Super Senior Exit CTCI Agreement, the Refinery Company) to provide a Reporting Deliverable prior to the date set forth herein with respect thereto or the expiration of the time period specified for the delivery of such Reporting Deliverable shall be deemed to be cured upon delivery of such Reporting Deliverable to the Agents within the applicable cure period set forth under this <u>Section 7.01(e)</u>, notwithstanding that the time period for delivery of such Reporting Deliverable shall have expired or passed under <u>Sections 5.07</u> or <u>5.08</u>; or

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(f) a Bankruptcy occurs with respect to any Company Party; or

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(g) there is entered against any Company Party (i) a final judgment or order for the payment of money in an amount exceeding $15,000,000 (to the extent not covered by independent third-party insurance as to which the insurer has been notified of such judgment or order and has not denied or failed to acknowledge coverage), or (ii) a non-monetary final judgment or order that, either individually or in the aggregate, has or could reasonably be expected to have a Material Adverse Effect and, in either case, (A) enforcement proceedings are commenced by any creditor upon such judgment or order, or (B) there is a period of 60 consecutive days during which a stay of enforcement of such judgment, by reason of a pending appeal or otherwise, is not in effect; or

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(h) (i) any Holdco Term Security Document (A) is revoked, terminated or otherwise ceases to be in full force and effect (except in connection with its expiration in accordance with its terms in the ordinary course (and not related to any default thereunder)), or the enforceability thereof shall be challenged in writing by the Holdco Borrower, (B) ceases to provide (to the extent permitted by law and to the extent required by the Holdco Term Financing Documents) a first priority perfected Lien on the assets purported to be covered thereby in favor of the Holdco Term Collateral Agent, free and clear of all other Liens (other than Permitted Liens), or (C) becomes unlawful or is declared void or (ii) any Holdco Term Financing Document (A) is revoked, terminated or otherwise ceases to be in full force and effect (except in connection with its expiration in accordance with its terms in the ordinary course (and not related to any default thereunder)), or (B) becomes unlawful or is declared void; <u>provided</u> that this Section 7.01(h) shall not apply to the Subordinated Junior Term Facility or the Subordinated Junior EPC Claim; or

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i) an ERISA Event has occurred which, either individually or in the aggregate, could reasonably be expected to have a Material Adverse Effect; or

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(j) an uninsured Event of Loss or a Condemnation shall occur which, either individually or in the aggregate, could reasonably be expected to have a Material Adverse Effect; or

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(k) any Company Party shall (i) default in making any payment of any principal, interest or premium of any Indebtedness (excluding the Holdco Term Obligations) on the scheduled or original due date with respect thereto (whether by scheduled maturity, required prepayment, acceleration, demand, or otherwise), in each case, beyond any grace periods applicable thereto; or (ii) default in the observance or performance of any other agreement or condition relating to any such Indebtedness or contained in any instrument or agreement evidencing, securing or relating thereto, or any other event shall occur or condition exist, in each case, beyond any grace periods applicable thereto, the effect of which default or other event or condition is to cause, or to permit the holder or beneficiary of such Indebtedness (or a trustee or agent on behalf of such holder or beneficiary) to cause, with or without the giving of notice, the lapse of time or both, such Indebtedness 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; <u>provided</u> that a default, event or condition described in clause (i) or (ii) of this paragraph (k) shall not at any time constitute an Event of Default unless, at such time, one or more defaults, events or conditions of the type described in clauses (i) and (ii) of this paragraph (k) shall have occurred and be continuing with respect to Indebtedness the outstanding principal amount of which exceeds in the aggregate $15,000,000 (including, without limitation, the Indebtedness represented by the Midco Financing Documents); <u>provided</u>, further, that clause (ii) of this paragraph (k) will not apply to secured Indebtedness that becomes due as a result of the voluntary sale or transfer of the property securing such Indebtedness if such sale or transfer is permitted hereunder; or

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(l) there is a breach of <u>Annex II</u> to this Agreement;

then, and in every such event (other than an event with respect to the Holdco Borrower or the Refinery Company described in <u>clause (f)</u> of this Section), notwithstanding anything herein or in any Holdco Term Financing Document to the contrary, and at any time thereafter during the continuance of such event, the Holdco Term Loan Administrative Agent and the Holdco Term Collateral Agent (each acting at the direction of (x) during the Standstill Period, the Required Holdco Term Financing Parties and CTCI or (y) after the Standstill Period, the Required Holdco Term Financing Parties (provided however that CTCI's prior written consent shall be required for any applicable matter listed on Annex II all as set forth therein and the failure to obtain that consent shall be an Event of Default)) may (but shall not be obligated to unless directed by the relevant parties in the foregoing clause (x) or (y), as applicable), by notice to the Holdco Borrower, take any or all of the following actions, at the same or different times:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i) (A) terminate the New Super Senior Exit Term Commitments and thereupon the New Super Senior Exit Term Commitments shall terminate immediately, (B) terminate any amounts available to be expended pursuant to the New Super Senior Exit CTCI Agreement and any such availability shall terminate immediately, and (C) declare the Holdco Term Obligations then outstanding to be due and payable in whole (or in part, in which case any Direct Costs, principal or primary obligations not so declared to be due and payable may thereafter be declared to be due and payable), and thereupon the Direct Costs, principal or the primary obligations of the Holdco Term Obligations so declared to be due and payable, together with accrued interest thereon and all fees and other Holdco Term Obligations of the Holdco Borrower (or solely with respect to the New Super Senior Exit CTCI Agreement, the Refinery Company) accrued hereunder and under the Holdco Term Financing Documents, shall become due and payable immediately, without presentment, demand, protest or other notice of any kind, all of which are hereby waived by the Holdco Borrower (and solely with respect to the New Super Senior Exit CTCI Agreement, the Refinery Company); and in case of any event with respect to the Holdco Borrower or the Refinery Company described in <u>clause (f)</u> of this Section, the New Super Senior Exit Term Commitments and amounts available to be expended pursuant to the New Super Senior Exit CTCI Agreement shall automatically terminate and the Direct Costs and O&F, principal or the primary obligations of the Holdco Term Obligations, together with accrued interest (including O&M Interest) thereon and all fees and other Holdco Term Obligations of the Holdco Borrower (and solely with respect to the New Super Senior Exit CTCI Agreement, the Refinery Company) accrued hereunder and under the Holdco Term Financing Documents, shall automatically become due and payable, without presentment, demand, protest or other notice of any kind, all of which are hereby waived by the Holdco Borrower (and solely with respect to the New Super Senior Exit CTCI Agreement, the Refinery Company) and the Holdco Term Financing Parties.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(ii) charge the Post-Default Rate under and as defined in the Holdco Term Financing Documents;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(iii) enforce the Liens and security interests that secure the Holdco Term Obligations and take any other action or exercise any other right or remedy (including without limitation, with respect to the Liens in favor of the Holdco Term Collateral Agent on behalf of the Secured Parties) available under the Holdco Term Financing Documents or Applicable Law;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(iv) sell any Collateral (and release any Liens or security interests that secure the Holdco Term Obligations in connection therewith); and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(v) if determined by the Required Holdco Term Financing Parties, CTCI and the Holdco Term Loan Administrative Agent, upon written notice to the Holdco Borrower, to cause to be converted all or any portion of the Holdco Term Obligations into a senior series of equity in the Holdco Borrower (but subject to the waterfall provisions set forth in <u>Section 9.08</u> as to application of funds) or cause any or all of the Holdco Term Obligations to be forgiven and cancelled.

Notwithstanding anything to the contrary in this Section 7.01 or this Agreement, after the Standstill Period, in connection with any transaction that is (x) a Company Party initiated Bankruptcy, Company Sale Transaction, Drag-Along Sale, an issuance of New Securities or Disposition (to the extent constituting a material part of the Company Parties' business) or (y) an exercise of remedies pursuant to Section 7.01, including the actions referred to in clauses (i) through (v) of the end of Section 7.01 (such transaction, an "<u>End of Term Transaction</u>"), and the effect of such End of Term Transaction applies Ratably to all Holdco Term Obligations with identical priority under Section 9.08, then the consent rights of CTCI pursuant to Sections 1(c), (e), (f) and (g) of Annex II shall not apply and any other consent rights of CTCI to such End of Term Transaction and any other action reasonably incidental thereto in any other Holdco Term Financing Document shall not apply.

Article VIII

THE AGENTS

Section 8.01 <u>Appointment and Authorization of the Holdco Term Collateral Agent</u>.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) Each of the Holdco Term Loan Administrative Agent (on behalf of the Holdco Term Lenders) and CTCI hereby irrevocably appoints the Holdco Term Collateral Agent to act on its behalf as its agent hereunder and under the other Holdco Term Financing Documents and authorizes such Agent in such capacity, to take such actions on its behalf and to exercise such powers as are delegated to it by the terms hereof or thereof, together with such actions and powers as are reasonably incidental thereto. The Holdco Term Collateral Agent, by executing this Agreement, hereby accepts such appointment. The provisions of this Article are solely for the benefit of the Holdco Term Collateral Agent and the Holdco Term Financing Parties (other than the express rights of Holdco Borrower under <u>Section 8.06</u>), and the Holdco Borrower shall have no rights as a third party beneficiary of any of such provisions.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) The Holdco Term Collateral Agent is hereby authorized to execute, deliver and perform each of the Holdco Term Financing Documents to which such Agent is intended to be a party. The Holdco Term Collateral Agent hereby agrees, and each Holdco Term Financing Party hereby authorizes such Agent, to enter into the amendments and other modifications of the Holdco Term Security Documents (subject to <u>Section 10.02(b)</u>). In addition, prior to the discharge of all Holdco Term Obligations, without further written consent or authorization from the Holdco Term Financing Parties, the Holdco Term Collateral Agent may execute any documents or instruments necessary in connection with a sale or disposition of assets permitted by this Agreement and permitted by the other applicable Holdco Term Financing Documents, to release any Lien encumbering any item of Collateral that is the subject of such sale or other disposition of assets or to which the requisite Holdco Term Financing Parties have otherwise consented.

Section 8.02 <u>Rights as a Holdco Term Financing Party</u>. The Holdco Term Collateral Agent shall have the same rights and powers in its capacity as a Holdco Term Financing Party as any other Holdco Term Financing Party and may exercise the same as though it were not an Agent, and such Person and its Affiliates may accept deposits from, lend money to and generally engage in any kind of business with Holdco Borrower or any of Subsidiary or other Affiliate thereof as if it were not an Agent hereunder.

Section 8.03 <u>Duties of Agent; Exculpatory Provisions</u>. The Holdco Term Collateral Agent shall not have any duties or obligations except those expressly set forth herein and in the other Holdco Term Financing Documents. All communications, notices, financial statements, projections, reports and other information received by the Holdco Term Collateral Agent in relation to Holdco Term Financing Documents must be provided to each Holdco Term Lender and CTCI within one (1) Business Day after receipt. Without limiting the generality of the foregoing, the Holdco Term Collateral Agent (a) shall not be subject to any fiduciary or other implied duties, regardless of whether a Default or Event of 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 Holdco Term Financing Documents that such Agent is required to exercise, and (c) shall not, except as expressly set forth herein and in the other Holdco Term Financing Documents, have any duty to disclose, and shall not be liable for the failure to disclose, any information relating to Holdco Borrower or any of its Subsidiaries that is communicated to or obtained by the financial institution serving as an Agent or any of its Affiliates in any capacity. The Holdco Term Collateral Agent shall not be liable for any action taken or not taken by it with the consent or at the request of the Holdco Term Financing Parties or in the absence of its own gross negligence or willful misconduct as determined by a court of competent jurisdiction in a final, non-appealable decision. The Holdco Term Collateral Agent shall not be deemed to have knowledge of any Default or Event of Default unless and until written notice thereof is given to such Agent by Holdco Borrower or a Holdco Term Financing Party, and the Holdco Term Collateral Agent shall not be responsible for or have any duty to ascertain or inquire into (i) any statement, warranty or representation made in or in connection with this Agreement or any other Holdco Term Financing Document, (ii) the contents of any certificate, report or other document delivered hereunder or thereunder or in connection herewith or therewith, (iii) the performance or observance of any of the covenants, agreements or other terms or conditions set forth herein or therein, (iv) the validity, enforceability, effectiveness or genuineness of this Agreement, any other Holdco Term Financing Document or any other agreement, instrument or document, or (v) the satisfaction of any condition set forth in <u>Article IV</u> or elsewhere herein or therein, other than to confirm receipt of items expressly required to be delivered to such Agent.

Section 8.04 <u>Reliance by Holdco Term Collateral Agent</u>. The Holdco Term Collateral Agent shall be entitled to rely upon, and shall not incur any liability for relying upon, any notice, request, certificate, consent, statement, instrument, document or other writing believed by it to be genuine and to have been signed or sent by the proper Person. The Holdco Term Collateral Agent also may rely upon any statement made to it orally or by telephone and believed by it to be made by the proper Person, and shall not incur any liability for relying thereon. The Holdco Term Collateral Agent may consult with legal counsel, 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.

Section 8.05 <u>Delegation of Duties</u>. The Holdco Term Collateral Agent may perform any and all its duties and exercise its rights and powers by or through any one or more sub-agents appointed by such Agent. The Holdco Term Collateral Agent and any such sub-agent may perform any and all its duties and exercise its rights and powers through their respective Related Parties. The exculpatory provisions of the preceding paragraphs shall apply to any such sub-agent and to the Related Parties of the Holdco Term Collateral Agent and any such sub-agent, and shall apply to their respective activities as well as activities as the Holdco Term Collateral Agent.

Section 8.06 <u>Resignation of Agent</u>. The Holdco Term Collateral Agent may resign at any time upon thirty days' notice by notifying the Holdco Term Financing Parties and Holdco Borrower, and the Holdco Term Collateral Agent may be removed at any time by the Required Holdco Term Financing Parties (with a prior written notice to Holdco Borrower). Upon any such resignation or removal, the Required Holdco Term Financing Parties shall notify Holdco Borrower and CTCI and shall have the right, with the consent of Holdco Borrower and CTCI (in each case, such consent not to be unreasonably withheld), to appoint a successor Holdco Term Collateral Agent; <u>provided</u> that CTCI shall be deemed to have consented to any such appointment (x) unless it shall have objected thereto by written notice to the Holdco Term Loan Administrative Agent within 5 Business Days after having received notice thereof, (y) if the Holdco Term Collateral Agent is required to be replaced by a Governmental Authority or (z) if such appointment is of an Affiliate of the existing Holdco Term Collateral Agent. If no successor shall have been so appointed by the requisite Holdco Term Financing Parties and approved by Holdco Borrower and CTCI and shall have accepted such appointment within thirty (30) days after the retiring Holdco Term Collateral Agent gives notice of its resignation or after removal of the retiring Holdco Term Collateral Agent, then the retiring Agent may, on behalf of the Holdco Term Lenders, but with CTCI's consent (<u>provided</u> that CTCI shall be deemed to have consented to any such appointment (x) unless it shall have objected thereto by written notice to the Holdco Term Loan Administrative Agent within 5 Business Days after having received notice thereof, (y) if the Holdco Term Collateral Agent is required to be replaced by a Governmental Authority or (z) if such appointment is of an Affiliate of the existing Holdco Term Collateral Agent), appoint a successor Holdco Term Collateral Agent by providing notice to CTCI, which shall be a Holdco Term Financing Party with an office in New York, New York, an Affiliate of a Holdco Term Financing Party or a financial institution with an office in New York, New York having a combined capital and surplus that is not less than $250,000,000. Upon the acceptance of its appointment as Holdco Term Collateral Agent hereunder by a successor, such successor shall succeed to and become vested with all the rights, powers, privileges and duties of the retiring (or retired) Agent and the retiring Agent shall be discharged from its duties and obligations hereunder (if not already discharged therefrom as provided above in this <u>Section 8.06</u>). The fees payable by Holdco Borrower to a successor Holdco Term Collateral Agent shall be the same as those payable to its predecessor unless otherwise agreed between Holdco Borrower and such successor. After the Holdco Term Collateral Agent's resignation or removal hereunder, the provisions of this <u>Article VIII</u> and <u>Section 10.03</u> shall continue in effect for its benefit in respect of any actions taken or omitted to be taken by it while it was acting as Agent.

Section 8.07 <u>Non-Reliance on Holdco Term Collateral Agent or Other Lenders</u>. Each Holdco Term Financing Party acknowledges that it has, independently and without reliance upon the Holdco Term Collateral Agent, the Affiliates of the Holdco Term Collateral Agent or any other Holdco Term Financing Party and based on such documents and information as it has deemed appropriate, made its own credit analysis and decision to enter into this Agreement and the other Holdco Term Financing Documents. Each Holdco Term Financing Party also acknowledges that it will, independently and without reliance upon the Holdco Term Collateral Agent, the Affiliates of such Agent or any other Holdco Term Financing Party 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 Holdco Term Financing Document or any related agreement or any document furnished hereunder or thereunder.

Section 8.08 <u>No Other Duties; Etc</u>. The parties agree that the Holdco Term Collateral Agent shall not have any obligations, liability or responsibility under or in connection with this Agreement and the other Holdco Term Financing Documents and that the Holdco Term Collateral Agent shall not have any obligations, liabilities or responsibilities except for those expressly set forth herein and in the other Holdco Term Financing Documents. The Holdco Term Collateral Agent shall have all of the rights (including indemnification rights), powers, benefits, privileges, exculpations, protections and immunities granted to the Holdco Term Collateral Agent under the other Holdco Term Financing Documents, all of which are incorporated herein *mutatis mutandis*.

Section 8.09 <u>New Super Senior Exit CTCI Agreement</u>. The parties hereto agree that only the Refinery Company or any other applicable Company Party shall have rights with respect to the services under the New Super Senior Exit CTCI Agreement.

Article IX<br>COLLATERAL AND INTERCREDITOR OBLIGATIONS

Section 9.01 <u>Priority of Claims</u>.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) Anything contained herein or in any of the Holdco Term Financing Documents to the contrary notwithstanding, if an Event of Default has occurred and is continuing, and the Holdco Term Collateral Agent is taking action to enforce rights in respect of any Collateral, any distribution is made in respect of any Collateral in any Bankruptcy of any Company Party or any Secured Party receives any payment pursuant to any intercreditor agreement (other than this Agreement) or otherwise with respect to the Collateral, the proceeds of any sale, collection or other liquidation of the Collateral received by any Secured Party or received by the Holdco Term Collateral Agent or any Secured Party pursuant to any such intercreditor agreement or otherwise with respect to such Collateral and proceeds of any such distribution to which the holders of Holdco Term Obligations are entitled under any intercreditor agreement (other than this Agreement) or otherwise (all proceeds of any sale, collection or other liquidation of any Collateral comprising the Collateral and all proceeds of any such distribution and any proceeds of any insurance covering the Collateral received by the Holdco Term Collateral Agent and not returned to the Holdco Borrower under any Holdco Term Financing Document being collectively referred to as "<u>Proceeds</u>"), shall be applied by the Holdco Term Collateral Agent in the order specified in <u>Section 9.08</u>.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) Notwithstanding the date, time, method, manner or order of grant, attachment or perfection of any Liens securing the Holdco Term Obligations granted on the Collateral and notwithstanding any provision of the Uniform Commercial Code of any jurisdiction, or any other applicable law or the Holdco Term Financing Documents or any defect or deficiencies in the Liens securing the Holdco Term Obligations or any other circumstance whatsoever, each Secured Party hereby agrees that the Liens securing the Holdco Term Obligations on the Collateral shall be of equal priority.

Section 9.02 <u>Actions with Respect to Shared Collateral; Prohibition on Contesting Liens.</u>

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) Notwithstanding anything to the contrary herein (i) only the Holdco Term Collateral Agent shall act or refrain from acting with respect to the Collateral (including with respect to any other intercreditor agreement with respect to the Collateral), (ii) the Holdco Term Collateral Agent shall not follow any instructions with respect to the Collateral (including with respect to any other intercreditor agreement with respect to the Collateral) from any other Agent or any other Secured Party (other than the Required Holdco Term Financing Parties and CTCI, but subject to the restrictions set forth herein) and (iii) no Secured Party shall or shall instruct any Agent to, and no other Agent shall, commence any judicial or nonjudicial foreclosure proceedings with respect to, seek to have a trustee, receiver, liquidator or similar official appointed for or over, attempt any action to take possession of, exercise any right, remedy or power with respect to, or otherwise take any action to enforce its security interest in or realize upon, or take any other action available to it in respect of, the Collateral (including with respect to any other intercreditor agreement with respect to the Collateral), whether under any Holdco Term Financing Document, applicable law or otherwise, it being agreed that only the Holdco Term Collateral Agent, acting at the direction of the applicable Holdco Term Financing Parties, but subject to the restrictions set forth herein and in <u>Section 7.01</u>, shall be entitled to take any such actions or exercise any remedies with respect to such Collateral at such time.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) [Reserved].

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) Each of the Agents and the other Secured Parties agrees that it will not (and hereby waives any right to) contest or support any other Person in contesting, in any proceeding (including any Bankruptcy proceeding), the perfection, priority, validity or enforceability of a Lien held by or on behalf of any of the Secured Parties in all or any part of the Collateral; <u>provided</u> that nothing in this Agreement shall be construed to prevent or impair (i) the rights of any Agent to enforce this Agreement or (ii) the rights of any Secured Party to contest or support any other Person in contesting the enforceability of any Lien purporting to secure obligations not constituting the Holdco Term Obligations.

Section 9.03 <u>No Interference; Payment Over; Exculpatory Provisions.</u>

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) Each Secured Party agrees that (i) it will not challenge or question or support any other Person in challenging or questioning in any proceeding the validity or enforceability of any Holdco Term Obligation or any Holdco Term Financing Document or the validity, attachment, perfection or priority of any Lien under any Holdco Term Financing Document or the validity or enforceability of the priorities, rights or duties established by the Holdco Term Financing Documents; <u>provided</u> that nothing in this Agreement shall be construed to prevent or impair the rights of any Secured Party from challenging or questioning the validity or enforceability of any Holdco Term Obligation constituting unmatured interest or the validity of any Lien relating thereto pursuant to Section 502(b)(2) of the Bankruptcy Code, (ii) it will not take or cause to be taken any action the purpose or intent of which is, or could be, to interfere, hinder or delay, in any manner, whether by judicial proceedings or otherwise, any sale, transfer or other disposition of the Collateral by the Holdco Term Collateral Agent (in accordance with the provisions of this Agreement), or (iii) except as provided in Section 7.01, it shall have no right to and shall not otherwise (A) direct the Holdco Term Collateral Agent or any other Secured Party to exercise any right, remedy or power with respect to any Collateral (including pursuant to any other intercreditor agreement) or (B) consent to, or object to, the exercise by, or any forbearance from exercising by, the Holdco Term Collateral Agent of any right, remedy or power with respect to any Collateral, (iv) it will not institute any suit or assert in any suit, bankruptcy, insolvency or other proceeding any claim against the Holdco Term Collateral Agent or any other Secured Party, other than any suit alleging breach of the terms of this Agreement, seeking damages from or other relief by way of specific performance, instructions or otherwise with respect to any Collateral and (v) it will not attempt, directly or indirectly, whether by judicial proceedings or otherwise, to challenge the enforceability of any provision of this Agreement; <u>provided</u> that nothing in this Agreement shall be construed to prevent or impair the rights of any of the Holdco Term Collateral Agent or any other Secured Party to (i) enforce this Agreement or (ii) contest or support any other Person in contesting the enforceability of any Lien purporting to secure obligations not constituting the Holdco Term Obligations.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) Each Secured Party hereby agrees that if it shall obtain possession of any Collateral or shall realize any proceeds or payment in respect of any Collateral, pursuant to any Holdco Term Financing Document or by the exercise of any rights available to it under applicable law or through any other exercise of remedies (including pursuant to any intercreditor agreement), at any time prior to the discharge of the Holdco Term Obligations, then it shall hold such Collateral, proceeds or payment in trust for the other Secured Parties having a security interest in such Collateral and promptly transfer any such Collateral, proceeds or payment, as the case may be, to the Holdco Term Collateral Agent, to be distributed by the Holdco Term Collateral Agent in the order specified in <u>Section 9.08</u>; <u>provided</u>, however, that the foregoing shall not apply to any Collateral purchased by any Secured Party for cash pursuant to any exercise of remedies permitted hereunder. This <u>Section 9.03(b)</u> does not apply to payments of Direct Costs, O&F and O&M Interest that are not subject to the priorities specified in <u>Section 9.08.</u>

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) CTCI hereby agrees that if it shall realize any proceeds or payment from the Refinery Company or Holdco Borrower in respect of the New Super Senior Exit CTCI Agreement or by the exercise of any rights available to it under applicable law or through any other exercise of remedies (including through any rights it may have as an unsecured creditor), at any time prior to the discharge of the Holdco Term Obligations, then it shall hold such proceeds or payment in trust for the other Secured Parties and promptly transfer any such proceeds or payment, as the case may be, to the Holdco Term Collateral Agent, to be distributed by the Holdco Term Collateral Agent in the order specified in <u>Section 9.08</u>. This <u>Section 9.03(c)</u> does not apply to payments of Direct Costs, O&F and O&M Interest that are not subject to the priorities specified in <u>Section 9.08.</u>

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(d) The Holdco Term Collateral Agent shall not be liable for any action taken or omitted to be taken by it with respect to any Collateral in accordance with the provisions of this Agreement.

Section 9.04 <u>Automatic Release of Liens.</u> (a) If, at any time any Collateral is transferred to a third party or otherwise disposed of, in each case, in connection with any enforcement by the Holdco Term Collateral Agent in accordance with the provisions of this Agreement, then (whether or not any Bankruptcy proceeding is pending at the time) the Liens in favor of the other Secured Parties upon such Collateral will automatically be released and discharged upon final conclusion of such transfer or disposition as and when, but only to the extent, such Liens of the Holdco Term Collateral Agent on such Collateral are released and discharged; <u>provided</u> that any Proceeds of any Collateral realized therefrom shall be applied pursuant to <u>Section 9.08</u> hereof.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) Without limiting the rights of the Holdco Term Collateral Agent under Section 8.01, each other Agent agrees to execute and deliver (at the sole cost and expense of the Holdco Borrower) all such authorizations and other instruments as shall reasonably be requested by the Holdco Term Collateral Agent to evidence and confirm any release of Collateral provided for in this <u>Section 9.04</u>.

Section 9.05 <u>Insurance and Condemnation Awards</u>. As among the Secured Parties, the Holdco Term Collateral Agent (acting at the direction of the Required Holdco Term Financing Parties) shall have the right, but not the obligation, to adjust or settle any insurance policy or claim covering or constituting Collateral in the event of any loss thereunder and to approve any award granted in any condemnation or similar proceeding affecting the Collateral. To the extent any other Secured Party receives proceeds of such insurance policy and such proceeds are not required to be returned to the Holdco Borrower under the applicable Holdco Term Financing Documents, such proceeds shall be turned over to the Holdco Term Collateral Agent for application as provided in <u>Section 9.08</u> hereof.

Section 9.06 <u>Gratuitous Bailee/Agent for Perfection.</u>

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) The Holdco Term Collateral Agent shall be entitled to hold any possessory Collateral constituting the Collateral. Notwithstanding the foregoing, if any other Agent has any Collateral in its possession or control (such Collateral being the "<u>Pledged Collateral</u>"), then such Agent will possess or control the Pledged Collateral as gratuitous bailee and/or gratuitous agent for perfection for the benefit of each other Agent as a Secured Party, so as to satisfy the requirements of sections 8-106(d)(3), 8-301(a)(2), 9-104(a), 9-105A, 9-107A, 9-313(c) and 12-10511 of the U.C.C. In this <u>Section 9.06</u>, "control" has the meaning given that term in sections 8-106, 9- 104, 9-105A, 9-107A, 9-314 and 12-105 of the U.C.C.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) No Agent will have any obligation to any Secured Party to ensure that any Pledged Collateral is genuine or owned by the Holdco Borrower or to preserve rights or benefits of any Person except as expressly set forth in this <u>Section 9.06</u>. The duties or responsibilities of any Agent under this <u>Section 9.06</u> will be limited solely to possessing or controlling the Pledged Collateral as gratuitous bailee and/or gratuitous agent for perfection in accordance with this <u>Section 9.06</u> and delivering the Pledged Collateral to the Holdco Term Collateral Agent as provided in subsection (d) below.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) Each Secured Party hereby waives and releases the Holdco Term Collateral Agent from all claims and liabilities arising out of its role under this <u>Section 9.06</u> as gratuitous bailee and/or gratuitous agent with respect to the Pledged Collateral.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(d) If at any time the Holdco Term Collateral Agent ceases to be the Holdco Term Collateral Agent, such outgoing Holdco Term Collateral Agent will deliver or transfer control of any Pledged Collateral in its possession or control, together with any necessary endorsements (which endorsements will be without recourse and without any representation or warranty) to the new Holdco Term Collateral Agent and will take any other action reasonably requested by the new Holdco Term Collateral Agent (at the expense of the Holdco Borrower) in connection with the new Holdco Term Collateral Agent obtaining possession and/or control of the Pledged Collateral.

Section 9.07 <u>Similar Liens and Agreements</u>. The parties hereto agree that it is their intention that the Collateral be identical for all Secured Parties. In furtherance of, but subject to, the foregoing, the parties hereto agree, subject to the other provisions of this Agreement:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) upon request by the Holdco Term Collateral Agent, to cooperate in good faith (and to direct their counsel to cooperate in good faith) from time to time in order to determine the specific items included in the Collateral and the steps taken to perfect their respective Liens thereon and the identity of the respective parties obligated under the Holdco Term Financing Documents; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) that the documents and agreements creating or evidencing the Liens on the Collateral securing the Holdco Term Obligations shall be in all material respects the same forms of documents as one another.

Section 9.08 <u>Obligation Payment Waterfall</u>. Notwithstanding any contrary provision herein or in any other Holdco Term Financing Document, any payments of the Holdco Term Obligations shall be applied in the following order of priority; <u>provided</u> that (in each case subject to the second proviso herein), Direct Costs and O&F shall be paid pursuant to the New Super Senior Exit CTCI Agreement (as in effect as of August 11, 2025) if (x) permitted to be paid pursuant to Section 6.05(f) and (i) of the Vitol RCF Agreement (as in effect as of August 11, 2025) and (y) no Event of Default shall have occurred and be continuing hereunder (and such payments shall not be applied pursuant to the priorities set forth in this <u>Section 9.08</u>); <u>provided</u> further that in connection with any End of Term Transaction or in the event clauses (x) or (y) of the foregoing proviso are not satisfied, Direct Costs, O&F and O&M Interest shall be paid pursuant to the priorities set forth in this <u>Section 9.08</u>:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i) <u>first</u>, to any fees, costs, charges, expenses and indemnities then due and payable to Agents under any Holdco Term Financing Document based on such respective amounts then due to such Persons;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(ii) <u>second</u>, to the respective outstanding fees, costs, charges, expenses and indemnities then due and payable to the other Holdco Term Secured Parties under any Holdco Term Financing Document *pro rata* based on such respective amounts then due to such Persons;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(iii) <u>third</u>, (x) *first*, to any accrued but unpaid interest (including, with respect to the New Super Senior Exit CTCI Obligations, the O&M Interest) on the New Super Senior Exit Term Obligations, New Super Senior Exit CTCI Obligations and obligations under the Side Letter owed to the applicable Holdco Term Financing Parties, (y) *second*, to any principal amount of the New Super Senior Exit Term Obligations, Direct Costs and O&F under the New Super Senior Exit CTCI Agreement and obligations under the Side Letter owed to the applicable Holdco Term Financing Parties, and (z) *third* to any other New Super Senior Exit Term Obligations, New Super Senior Exit CTCI Obligations and obligations under the Side Letter owed to the applicable Holdco Term Financing Parties, in each case *pro rata* based on such respective amounts then due to the Holdco Term Financing Parties (it being acknowledged and agreed that after any exercise of remedies pursuant to <u>Section 7.01</u>, all New Super Senior Exit Term Obligations, New Super Senior Exit CTCI Obligations and obligations under the Side Letter referred to in this clause (iii) shall be paid *pro rata* based on the aggregate amounts then due to such Holdco Term Financing Parties);

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(iv) <u>fourth</u>, to any accrued but unpaid interest on the New Senior Secured Term Obligations and Post-Exit CTCI DIP Deferred Payment Obligations owed to the applicable Holdco Term Financing Parties *pro rata* based on such respective amounts then due to the Holdco Term Financing Parties; <u>provided</u> that, for the avoidance of doubt, the application of proceeds to any New Senior Secured Term Obligations hereunder shall be subject to the priorities set forth in Schedule 1 to the Holdco Term Credit Agreement;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(v) <u>fifth</u>, to any principal or the primary obligation amount of the New Senior Secured Term Obligations and Post-Exit CTCI DIP Deferred Payment Obligations owed to the applicable Holdco Term Financing Parties *pro rata* based on such respective amounts then due to the Holdco Term Financing Parties; <u>provided</u> that, for the avoidance of doubt, the application of proceeds to any New Senior Secured Term Obligations hereunder shall be subject to the priorities set forth in Schedule 1 to the Holdco Term Credit Agreement;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(vi) <u>sixth</u>, to any other New Senior Secured Term Obligations and Post-Exit CTCI DIP Deferred Payment Obligations owed to the applicable Holdco Term Financing Parties *pro rata* based on such respective amounts then due to the Holdco Term Financing Parties; <u>provided</u> that, for the avoidance of doubt, the application of proceeds to any New Senior Secured Term Obligations hereunder shall be subject to the priorities set forth in Schedule 1 to the Holdco Term Credit Agreement;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(vii) <u>seventh</u>, (x) *first,* to any accrued but unpaid interest on the First Out Subordinated Senior Secured Term Obligations owed to the applicable Holdco Term Financing Parties, (y) *second*, to any principal amount of the First Out Subordinated Senior Secured Term Obligations owed to the applicable Holdco Term Financing Parties, and (z) *third* to any other First Out Subordinated Senior Secured Term Obligations owed to the applicable Holdco Term Financing Parties, in each case *pro rata* based on such respective amounts then due to the Holdco Term Financing Parties; <u>provided</u> that, for the avoidance of doubt, the application of proceeds to any First Out Subordinated Secured Term Obligations hereunder shall be subject to the priorities set forth in Schedule 1 to the Holdco Term Credit Agreement;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(viii) <u>eighth</u>, to any accrued but unpaid interest on the Second Out Subordinated Senior Secured Term Obligations and the Subordinated Senior Secured EPC Claims owed to the applicable Holdco Term Financing Parties *pro rata* based on such respective amounts then due to the Holdco Term Financing Parties; <u>provided</u> that, for the avoidance of doubt, the application of proceeds to any Second Out Subordinated Senior Secured Term Obligations hereunder shall be subject to the priorities set forth in Schedule 1 to the Holdco Term Credit Agreement;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(ix) <u>ninth</u>, to any principal or the primary obligation amount of the Second Out Subordinated Senior Secured Term Obligations and the Subordinated Senior Secured EPC Claims owed to the applicable Holdco Term Financing Parties *pro rata* based on such respective amounts then due to the Holdco Term Financing Parties; <u>provided</u> that, for the avoidance of doubt, the application of proceeds to any Second Out Subordinated Senior Secured Term Obligations hereunder shall be subject to the priorities set forth in Schedule 1 to the Holdco Term Credit Agreement;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(x) <u>tenth</u>, to any other Second Out Subordinated Senior Secured Term Obligations and the Subordinated Senior Secured EPC Claims owed to the applicable Holdco Term Financing Parties *pro rata* based on such respective amounts then due to the Holdco Term Financing Parties; <u>provided</u> that, for the avoidance of doubt, the application of proceeds to any Second Out Subordinated Senior Secured Term Obligations hereunder shall be subject to the priorities set forth in Schedule 1 to the Holdco Term Credit Agreement;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(xi) <u>eleventh</u>, to any accrued but unpaid interest on the Subordinated Secured EPC Claims owed to CTCI;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(xii) <u>twelfth</u>, to any principal or the primary obligation amount of the Subordinated Secured EPC Claims owed to CTCI;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(xiii) <u>thirteenth</u>, to any other Subordinated Secured EPC Claims owed to CTCI;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(xiv) <u>fourteenth</u>, to any accrued but unpaid interest on the Subordinated Junior Term Obligations and the Subordinated Junior EPC Claims owed to the applicable Holdco Term Financing Parties *pro rata* based on such respective amounts then due to the Holdco Term Financing Parties; <u>provided</u> that, for the avoidance of doubt, the application of proceeds to any Subordinated Junior Term Obligations hereunder shall be subject to the priorities set forth in Schedule 1 to the Holdco Term Credit Agreement;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(xv) <u>fifteenth</u>, to any principal or the primary obligation amount of the Subordinated Junior Term Obligations and the Subordinated Junior EPC Claims owed to the applicable Holdco Term Financing Parties *pro rata* based on such respective amounts then due to the Holdco Term Financing Parties; <u>provided</u> that, for the avoidance of doubt, the application of proceeds to any Subordinated Junior Term Obligations hereunder shall be subject to the priorities set forth in Schedule 1 to the Holdco Term Credit Agreement;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(xvi) <u>sixteenth</u>, to any other Subordinated Junior Term Obligations and the Subordinated Junior EPC Claims owed to the applicable Holdco Term Financing Parties *pro rata* based on such respective amounts then due to the Holdco Term Financing Parties; <u>provided</u> that, for the avoidance of doubt, the application of proceeds to any Subordinated Junior Term Obligations hereunder shall be subject to the priorities set forth in Schedule 1 to the Holdco Term Credit Agreement;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(xvii) <u>seventeenth</u>, after final payment in full of the amounts described in clauses *first* through *sixteenth* above and the discharge of the Holdco Term Obligations shall have occurred, to the Holdco Borrower or as otherwise required by Applicable Law.

For the avoidance of doubt, all payments of Holdco Term Obligations shall be applied in accordance with the foregoing priorities, except to the extent contemplated by the first proviso in this <u>Section 9.08</u>.

It is understood that the Holdco Borrower (or solely with respect to the New Super Senior Exit CTCI Agreement, the Refinery Company) shall remain liable to the extent of any deficiency between the amount of the proceeds of the Collateral and the aggregate of the sums referred to in clauses *first* through *sixteenth* above.

If, despite the provisions of this <u>Section 9.08</u>, any Secured Party shall receive any payment or other recovery in excess of its portion of payments on account of the Holdco Term Obligations to which it is then entitled in accordance with this <u>Section 9.08,</u> such Secured Party shall hold such payment or recovery in trust for the benefit of all Secured Parties for distribution in accordance with this <u>Section 9.08.</u>

Article X

MISCELLANEOUS

Section 10.01 <u>Notices</u>. Except as otherwise expressly provided herein or in any Holdco Term Financing Document, all notices and other communications provided for hereunder or thereunder shall be (i) in writing (including email) and (ii) sent by email or overnight courier (if for inland delivery) or international courier (if for overseas delivery) to a party hereto at its address and contact number specified below, or at such other address and contact number as is designated by such party in a written notice to the other parties hereto:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) Borrower:

Grapevine Energy Holdings, LLC

6451 Rosedale Hwy

Bakersfield, CA 93308

Attention: General Counsel

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) Holdco Term Loan Administrative Agent and Holdco Term Collateral Agent:

Orion Energy Partners TP Agent, LLC

292 Madison Avenue, Suite 2500

New York, NY 10017

Attention: Ethan Shoemaker and Mark Friedland

Email: Ethan@OIC.com; Mark@OIC.com; ProjectGoldenBear@OIC.com

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) CTCI:

CTCI Americas, Inc.

15721 Park Row, Suite 300

Houston, Texas 77084

Attention: Yu-Jen Chen, Chairman and CEO

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(d) If to a Holdco Term Lender, to it at its address set forth in its Administrative Questionnaire.

All notices and communications shall be effective when received by the addressee thereof during business hours on a Business Day in such Person's location as indicated by such Person's address in <u>paragraphs (a)</u> to <u>(d)</u> above, or at such other address as is designated by such Person in a written notice to the other parties hereto.

Section 10.02 <u>Waivers; Amendments</u>.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) <u>No Deemed Waivers; Remedies Cumulative</u>. No failure or delay on the part of any Agent or any Holdco Term Financing Party in exercising any right, power or privilege hereunder or under any other Holdco Term Financing Document and no course of dealing between the Holdco Borrower, or any of Holdco Borrower's Affiliates, on the one hand, and any Agent or Holdco Term Financing Party on the other hand, shall impair any such right, power or privilege or operate as a waiver thereof; nor shall any single or partial exercise of any right, power or privilege hereunder or under any other Holdco Term Financing Document preclude any other or further exercise thereof or the exercise of any other right, power or privilege hereunder or thereunder. The rights, powers and remedies herein or in any other Holdco Term Financing Document expressly provided are cumulative and not exclusive of any rights, powers or remedies which any party thereto would otherwise have. No notice to or demand on Holdco Borrower (or solely with respect to the New Super Senior Exit CTCI Agreement, the Refinery Company) in any case shall entitle Holdco Borrower (or solely with respect to the New Super Senior Exit CTCI Agreement, the Refinery Company) to any other or further notice or demand in similar or other circumstances or constitute a waiver of the rights of any Agent or any Holdco Term Financing Party to any other or further action in any circumstances without notice or demand.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) <u>Amendments</u>. No amendment or waiver of any provision of this Agreement or any other Holdco Term Financing Document shall be effective unless in writing signed by the Required Holdco Term Financing Parties and Holdco Borrower (and solely with respect to the New Super Senior Exit CTCI Agreement, the Refinery Company); <u>provided</u> that the matters listed on <u>Annex II</u> shall require the consent of CTCI and, solely with respect to the matters in Sections 1(a) through 1(m) of <u>Annex II</u>, each other Holdco Term Financing Party adversely affected thereby; <u>provided further</u> that (i) no amendment, waiver or consent shall, without the written consent of the relevant Agent, affect the rights or duties of such Agent under this Agreement or any other Holdco Term Financing Document, (ii) no separate fee agreement shall be entered into between Holdco Borrower and the Holdco Term Loan Administrative Agent in its capacity as such, between Holdco Borrower and the Holdco Term Collateral Agent in its capacity as such, or between Holdco Borrower, the Refinery Company and CTCI and (iii) the foregoing shall not impair or impact the rights of the Holdco Term Financing Parties to enforce on Collateral in accordance with <u>Section 7.01</u> or the release of Liens contemplated by <u>Section 9.04</u> or otherwise take any actions to implement any remedies of the Holdco Term Financing Parties that are otherwise in accordance with the terms hereof (including any actions contemplated by <u>Section 7.01</u> hereof). Notwithstanding anything herein or in any other Holdco Term Financing Document to the contrary, the Holdco Borrower and the Agents may (but shall not be obligated to) amend or supplement any Holdco Term Security Document without the consent of any Holdco Term Financing Party to cure any ambiguity, defect or inconsistency which is not material, or to make any change that would provide any additional rights or benefits to the Holdco Term Financing Parties.

Notwithstanding anything to the contrary in any Holdco Term Financing Document, the Holdco Borrower (and solely with respect to the New Super Senior Exit CTCI Agreement, the Refinery Company), the Holdco Term Loan Administrative Agent, the Holdco Term Collateral Agent and CTCI may, without the need to obtain consent of any other Holdco Term Financing Party, enter into an amendment to this Agreement and the other Holdco Term Financing Documents to (A) correct or cure any ambiguities, errors, omissions, mistakes, inconsistencies or defects jointly identified by the Holdco Borrower and the Holdco Term Loan Administrative Agent, (B) to effect administrative changes of a technical or immaterial nature, or (C) to fix incorrect cross-references or similar inaccuracies in this Agreement or the applicable Holdco Term Financing Document.

Notwithstanding anything to the contrary in any Holdco Term Financing Document, CTCI shall be deemed to have consented to any consent request (a "<u>Consent Request</u>") hereunder or in any other Holdco Term Financing Document if (w) such Consent Request is (i) delivered by hand, (ii) sent postage prepaid by registered, certified or express mail, or (iii) delivered by overnight courier service, in each case to CTCI in accordance with <u>Section 10.01</u> in an envelope, and also on the top of the document itself, that is each clearly marked "CONSENT REQUEST," (x) CTCI shall not have objected thereto by written notice to the Holdco Term Loan Administrative Agent and the Holdco Borrower within thirty (30) days after having received the applicable Consent Request and (y) the Holdco Borrower provided CTCI with a second written notice of the applicable Consent Request at least ten (10) days prior to the end of the 30-day period in clause (x).

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) <u>Amendments to Holdco Term Financing Documents; Permitted Refinancings</u>.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i) The Holdco Term Credit Agreement, the New Super Senior Exit Term Credit Agreement, the New Super Senior Exit CTCI Agreement, the Side Letter or the Holdco CTCI Deferred Payment Agreement may only be amended, restated, supplemented or otherwise modified in accordance with <u>Section 10.02(b)</u> above and <u>Annex II</u>; <u>provided</u> that, notwithstanding anything to the contrary herein except for <u>Annex II</u>, no consent of the Holdco Term Financing Parties shall be required hereunder for (x) amendments to the Holdco Term Financing Documents to the extent reasonably necessary to implement any Permitted Refinancing or (y) amendments to the Holdco Term Financing Documents to the extent reasonably necessary to implement any Permitted Refinancing (Exit) or the Exit Funding Issue Minimum MOIC.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(ii) The prior written consent of the Required Holdco Term Lenders (as defined in the Holdco Term Credit Agreement) and the Required New Super Senior Exit Term Lenders (as defined in the New Super Senior Exit Term Credit Agreement) shall be required for any amendment, waiver or modification of the New Super Senior Exit CTCI Intercreditor Agreement that materially adversely affects the Holdco Term Lenders.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(iii) Notwithstanding anything to the contrary herein or in any other Holdco Term Financing Document, in connection with any Permitted Refinancing, CTCI agrees that it shall, at the sole discretion of the Permitted Refinancing financing parties (the "<u>Refinancing RCF Providers</u>"), (x) amend or otherwise modify the New Super Senior Exit CTCI Intercreditor Agreement to add the Refinancing RCF Providers or (y) enter into an intercreditor agreement in favor of such Refinancing RCF Providers on substantially similar terms as the New Super Senior Exit CTCI Intercreditor Agreement in effect as of such date.

Section 10.03 <u>Expenses; Indemnity; Etc</u>.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) <u>Costs and Expenses</u>. The Holdco Borrower shall pay promptly following demand all legal, accounting, appraisal, consulting, financial advisory and other fees, costs and expenses (including, without limitation, in respect of the Holdco Term Lender Counsel and the Holdco CTCI Counsel) incurred by the Agents, the Holdco Term Financing Parties and their respective Affiliates in connection with the negotiation, preparation and administration of the Holdco Term Financing Documents, or incurred in connection with, whether occurring before or after the Closing Date, the Chapter 11 Cases. Without limiting the generality of the foregoing, such expenses, costs, charges and fees may include: fees, costs and expenses of accountants, sales consultants, financial advisors, the Holdco Term Lender Counsel, the Holdco CTCI Counsel, environmental advisors, appraisers, investment bankers, management and other consultants and paralegals; court costs and expenses; photocopying and duplication expenses; court reporter fees, costs and expenses; air express charges, and expenses for travel, lodging and food paid or incurred in connection with the performance of such legal, professional or other advisory services. All amounts reimbursable by the Holdco Borrower under this <u>Section 10.03</u> shall constitute Holdco Term Obligations secured by the Collateral. The agreements in this <u>Section 10.03</u> shall survive the repayment of all other Holdco Term Obligations. All amounts due under this <u>Section 10.03</u> shall be paid within five (5) Business Days of receipt by the Holdco Borrower of an invoice relating thereto. If the Holdco Borrower fails to pay when due any amounts payable by it hereunder or under any Holdco Term Financing Document, such amount may be paid on behalf of the Holdco Borrower by the applicable Agent in its discretion by charging any loan account(s) of the Holdco Borrower, without notice to or consent from the Holdco Borrower, and any amounts so paid shall constitute Holdco Term Obligations hereunder.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) <u>Indemnification by Holdco Borrower</u>. Holdco Borrower agrees to indemnify and hold harmless each of the Agents and the Holdco Term Financing Parties and their affiliates and their respective directors, officers, employees, attorneys-in-fact and controlling persons (each, an "<u>Indemnified Party</u>") from and against any and all losses, claims, damages and liabilities, joint or several, to which such Indemnified Party may become subject related to or arising out of any transaction contemplated by the Holdco Term Financing Documents or the execution, delivery and performance of the Holdco Term Financing Documents or any other document in any way relating to the Holdco Term Financing Documents and the transactions contemplated by the Holdco Term Financing Documents (including, for avoidance of doubt, any liabilities arising under or in connection with Environmental Law) and will reimburse any Indemnified Party for all expenses (including reasonable and documented out-of-pocket external counsel fees and expenses) as they are incurred in connection therewith. Holdco Borrower will not be liable under the foregoing indemnification provision to an Indemnified Party to the extent that any loss, claim, damage, liability or expense (x) is found in a final non-appealable judgment by a court of competent jurisdiction to have resulted directly and primarily from such Indemnified Party's gross negligence or willful misconduct or (y) is found in a final non-appealable judgment by a court of competent jurisdiction to have resulted from disputes among Indemnified Parties (other than any claims arising out of any act or omission on the part of any Company Party or its respective Affiliates). Holdco Borrower also agrees that no Indemnified Party shall have any liability (whether direct or indirect, in contract or tort or otherwise) to it, or any of its security holders or creditors related to or arising out of the execution, delivery and performance of any Holdco Term Financing Document or any other document in any way relating to the Holdco Term Financing Documents or the other transactions contemplated by the Holdco Term Financing Documents, except to the extent that any loss, claim, damage or liability is found in a final non-appealable judgment by a court to have resulted directly and primarily from such Indemnified Party's gross negligence or willful misconduct as determined by a court of competent jurisdiction in a final, non-appealable decision. To the extent permitted by Applicable Law, Holdco Borrower shall not assert and hereby waives, any claim against any Indemnified Party, 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 Holdco Term Financing Document or any agreement or instrument contemplated hereby. For the avoidance of doubt, this <u>Section 10.03(b)</u> shall not apply to Taxes, except any Taxes that represent fees, costs and expenses arising from any non-Tax claim.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) <u>Indemnification by Holdco Term Financing Parties</u>. To the extent that Holdco Borrower fails to pay any amount required to be paid to Holdco Term Collateral Agent or Holdco Term Loan Administrative Agent, their respective affiliates or agents under <u>Section 10.03(a)</u> or <u>10.03(b)</u>, each Holdco Term Lender (or Holdco Term Financing Party, with respect to the Holdco Term Collateral Agent) severally agrees to pay Ratably in accordance with the aggregate principal or primary obligation amount of the Holdco Term Obligations held by such Holdco Term Financing Party to such Agent, affiliate or agent such unpaid amount; <u>provided</u> that the unreimbursed expense or indemnified loss, claim, damage, liability or related expense, as the case may be, was incurred by or asserted against such Agent, affiliate or agent in its capacity as such.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(d) <u>Settlements; Appearances in Actions</u>. Holdco Borrower agrees that, without each Indemnified Party's prior written consent, it will not settle, compromise or consent to the entry of any judgment in any pending or threatened claim, action or proceeding in respect of which indemnification could be sought by or on behalf of such Indemnified Party under this Section (whether or not any Indemnified Party is an actual or potential party to such claim, action or proceeding), unless such settlement, compromise or consent includes an unconditional release of such Indemnified Party from all liability arising out of such claim, action or proceeding. In the event that an Indemnified Party is requested or required to appear as a witness in any action brought by or on behalf of or against Holdco Borrower or any Affiliate thereof in which such Indemnified Party is not named as a defendant, Holdco Borrower agrees to reimburse such Indemnified Party for all reasonable expenses incurred by it in connection with such Indemnified Party's appearing and preparing to appear as such a witness, including the reasonable and documented out-of-pocket fees and disbursements of its external legal counsel. In the case of any claim brought against an Indemnified Party for which Holdco Borrower may be responsible under this <u>Section 10.03</u>, the Agents and Holdco Term Financing Parties agree (at the expense of Holdco Borrower) to execute such instruments and documents and cooperate as reasonably requested by Holdco Borrower in connection with Holdco Borrower's defense, settlement or compromise of such claim, action or proceeding.

Section 10.04 <u>Assignments</u>. This Agreement and the terms, covenants and conditions hereof shall be binding upon and inure to the benefit of the parties hereto and their respective permitted successors and assigns; *provided* that (x) the Holdco Borrower (and solely with respect to the New Super Senior Exit CTCI Agreement, the Refinery Company), shall not be permitted to assign this Agreement or any other Holdco Term Financing Document except with the prior written consent of the other parties hereto and (y) CTCI and the Holdco Term Lenders shall not be permitted to assign this Agreement or any other Holdco Term Financing Documents except (i) with the prior written consent of the other parties hereto or (ii) pursuant to the applicable Holdco Term Financing Documents; <u>provided</u> that for purposes of any permitted assignments pursuant to this clause (y)(ii), any new Holdco Term Financing Party shall agree to be bound by the Holdco Term Financing Documents in the same manner as the applicable assignor immediately prior to such assignment. The applicable Holdco Term Financing Party shall promptly (and in any event within three (3) Business Days) provide written notice to the other parties hereto of any assignment pursuant to this Section 10.04 and evidence that the assignee has agreed to be bound by the terms of this Agreement. Any purported assignment in contravention of this <u>Section 10.04</u> shall be null and void. For the avoidance of doubt, the consent rights set forth in <u>Annex II</u> to this Agreement shall not transfer to any Person upon CTCI's assignment of any or all of its Holdco Term Obligations unless such Person is an Affiliate of CTCI.

Section 10.05 <u>Survival</u>. All covenants, agreements, representations and warranties made by the Holdco Borrower herein and in the certificates or other instruments delivered in connection with or pursuant to this Agreement shall be considered to have been relied upon by the other parties hereto and shall survive the execution and delivery of this Agreement and the extension of the Holdco Term Obligations, regardless of any investigation made by any such other party or on its behalf and notwithstanding that the Agent or any Holdco Term Financing Party may have had notice or knowledge of any Default or Event of Default or incorrect representation or warranty at the time any credit is extended hereunder, and shall continue in full force and effect as long as the principal or the primary obligation of or any accrued interest on any Holdco Term Obligations or any fee or any other amount payable under this Agreement is outstanding and unpaid. The provisions of <u>Sections 2.06</u> and <u>2.07</u> of the New Super Senior Exit Term Credit Agreement, <u>Sections 2.04</u> and <u>2.05</u> of the Holdco Term Credit Agreement, <u>Sections 2.04</u> and <u>2.05</u> of the Holdco CTCI Deferred Payment Agreement, <u>Section 8</u> of the New Super Senior Exit CTCI Agreement and Sections <u>10.03</u>, <u>10.05</u>, <u>10.11</u>, <u>10.12</u>, <u>10.13</u>, <u>10.14</u> and <u>Article VIII</u> of this Agreement shall survive and remain in full force and effect regardless of the consummation of the transactions contemplated hereby, the repayment of the Holdco Term Obligations or the termination of this Agreement or any provision hereof.

Section 10.06 <u>Counterparts; Integration; Effectiveness</u>. This Agreement may be executed in counterparts (and by different parties hereto on different counterparts), each of which shall constitute an original, but all of which when taken together shall constitute a single contract. This Agreement and the other Holdco Term Financing Documents to which one or more of the Holdco Borrower and the Refinery Company is party constitute the entire contract between and among the parties relating to the subject matter hereof and thereof and supersede any and all previous agreements and understandings, oral or written, relating to the subject matter hereof. This Agreement shall become effective when it shall have been executed by the Holdco Term Loan Administrative Agent and CTCI and when the Holdco Term Loan Administrative Agent and CTCI shall have received counterparts hereof which, when taken together, bear the signatures of each of the other parties hereto, and thereafter shall be binding upon and inure to the benefit of the parties hereto and their respective successors and permitted assigns. Delivery of an executed counterpart of a signature page to this Agreement by telecopy or scanned electronic transmission shall be effective as delivery of a manually executed counterpart of this Agreement.

Section 10.07 <u>Severability</u>. Any provision of this Agreement held to be invalid, illegal or unenforceable in any jurisdiction shall, as to such jurisdiction, be ineffective to the extent of such invalidity, illegality or unenforceability without affecting the validity, legality and enforceability of the remaining provisions hereof; and the invalidity of a particular provision in a particular jurisdiction shall not invalidate such provision in any other jurisdiction.

Section 10.08 <u>Right of Setoff</u>. If an Event of Default shall have occurred and be continuing, each Holdco Term Financing Party and any of its Affiliates is hereby authorized at any time and from time to time, to the fullest extent permitted by law, to set off and apply any and all deposits (general or special, time or demand, provisional or final) at any time held, and any other indebtedness at any time owing, by such Holdco Term Financing Party or any such Affiliate to or for the credit or the account of Holdco Borrower against any of and all the obligations of Holdco Borrower now or hereafter existing under this Agreement held by such Holdco Term Financing Party, irrespective of whether or not such Holdco Term Financing Party shall have made any demand under this Agreement and although such obligations may be unmatured or denominated in a currency other than Dollars. The rights of each Holdco Term Financing Party or any such Affiliate under this Section are in addition to other rights and remedies (including other rights of setoff) which such Holdco Term Financing Party may have.

Section 10.09 <u>Governing Law; Jurisdiction; Etc</u>.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) <u>Governing Law</u>. THIS AGREEMENT AND THE RIGHTS AND OBLIGATIONS OF THE PARTIES UNDER THIS AGREEMENT AND ANY DISPUTE OF CLAIMS ARISING IN CONNECTION THEREWITH SHALL BE GOVERNED BY, AND CONSTRUED AND INTERPRETED IN ACCORDANCE WITH, THE LAW OF THE STATE OF NEW YORK.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) <u>Submission to Jurisdiction</u>. Any legal action or proceeding with respect to this Agreement or any other Holdco Term Financing Document to which the Holdco Borrower (or solely with respect to the New Super Senior Exit CTCI Agreement, the Refinery Company) is a party shall, except as provided in clause (d) below, be brought in the courts of the State of New York, or of the United States District Court for the Southern District of New York, in each case, seated in the County of New York and, by execution and delivery of this Agreement, each party hereto hereby irrevocably accepts for itself and in respect of its property, generally and unconditionally, the jurisdiction of the aforesaid courts. Each party hereto agrees that a judgment, after exhaustion of all available appeals, in any such action or proceeding shall be conclusive and binding upon it, and may be enforced in any other jurisdiction, including by a suit upon such judgment, a certified copy of which shall be conclusive evidence of the judgment.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) <u>Waiver of Venue</u>. Each party hereto hereby irrevocably waives any objection that it may now have or hereafter have to the laying of the venue of any suit, action or proceeding arising out of or relating to this Agreement or any other Holdco Term Financing Document to which it is a party brought in the Bankruptcy Court and hereby further irrevocably waives any claim that any such suit, action or proceeding brought in any such court has been brought in an inconvenient forum.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(d) <u>Rights of the Secured Parties</u>. Nothing in this <u>Section 10.09</u> shall limit the right of the Holdco Term Secured Parties to refer any claim against the Holdco Borrower (or solely with respect to the New Super Senior Exit CTCI Agreement, the Refinery Company to any court of competent jurisdiction in any State where any Collateral is located, nor shall the taking of proceedings by any Holdco Term Secured Party before the courts in one or more jurisdictions preclude the taking of proceedings in any other jurisdiction whether concurrently or not.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(e) <u>WAIVER OF JURY TRIAL</u>. EACH PARTY TO THIS AGREEMENT HEREBY EXPRESSLY WAIVES ANY RIGHT TO TRIAL BY JURY OF ANY CLAIM, DEMAND, ACTION OR CAUSE OF ACTION ARISING UNDER ANY HOLDCO TERM FINANCING DOCUMENT OR IN ANY WAY CONNECTED WITH OR RELATED OR INCIDENTAL TO THE DEALINGS OF THE PARTIES HERETO OR ANY OF THEM WITH RESPECT TO ANY HOLDCO TERM FINANCING DOCUMENT, OR THE TRANSACTIONS RELATED THERETO, IN EACH CASE WHETHER NOW EXISTING OR HEREAFTER ARISING, AND WHETHER FOUNDED IN CONTRACT OR TORT OR OTHERWISE; AND EACH PARTY HEREBY AGREES AND CONSENTS THAT ANY SUCH CLAIM, DEMAND, ACTION OR CAUSE OF ACTION SHALL BE DECIDED BY COURT TRIAL WITHOUT A JURY, AND THAT ANY PARTY TO THIS AGREEMENT MAY FILE AN ORIGINAL COUNTERPART OR A COPY OF THIS SECTION WITH ANY COURT AS WRITTEN EVIDENCE OF THE CONSENT OF THE SIGNATORIES HERETO TO THE WAIVER OF THEIR RIGHT TO TRIAL BY JURY.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(f) <u>Waiver of Immunity</u>. To the extent that the Holdco Borrower (or solely with respect to the New Super Senior Exit CTCI Agreement, the Refinery Company) has or hereafter may acquire any immunity from jurisdiction of any court or from any legal process (whether through service of notice, attachment prior to judgment, attachment in aid of execution, execution, sovereign immunity or otherwise) with respect to itself or its property, it hereby irrevocably waives such immunity, to the fullest extent permitted by law, in respect of its obligations under this Agreement and the other Holdco Term Financing Documents.

Section 10.10 <u>Headings</u>. Article and Section headings and the **Table of Contents** used herein are for convenience of reference only, are not part of this Agreement and shall not affect the construction of, or be taken into consideration in interpreting, this Agreement.

Section 10.11 <u>Confidentiality</u>. Each of the Agents and the Holdco Term Financing Parties agrees to maintain the confidentiality of the Information (as defined below), except that Information may be disclosed (i) to its and its Affiliates' directors, officers, employees, board members (and members of committees thereof), managers, members, partners, equity holders, agents, consultants, Persons providing administration and settlement services and other professional advisors, including accountants, auditors, legal counsel, investment advisers or managers (to the extent providing investment advice relating to the transactions contemplated by this Agreement) and other advisors with a need to know (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 requested by any applicable regulatory or supervisory body or authority (including, without limitation, the National Association of Insurance Commissioners, the SVO or any similar organization, and any nationally recognized rating agency that requires access to information about any Holdco Term Lender's investment portfolio), by Applicable Laws or regulations or by any subpoena, oral question posed at any deposition, interrogatory or similar legal process (including, for the avoidance of doubt, to the extent requested in connection with any pledge or assignment pursuant to Section 8.02(h) of the Holdco Term Credit Agreement, Section 8.02(h) of the New Super Senior Exit Term Credit Agreement or Section 8.02(g) of the Holdco CTCI Deferred Payment Agreement, as applicable); <u>provided</u> that the party from whom disclosure is being required shall give notice thereof to Holdco Borrower as soon as practicable (unless restricted from doing so and except where disclosure is to be made to a regulatory or supervisory body or authority during the ordinary course of its supervisory or regulatory function), (iii) to any other party to this Agreement, (iv) subject to an agreement containing provisions substantially the same as those of this <u>Section 10.11</u>, to any assignee of or Participant in, or any prospective assignee of or Participant in, any of its rights or obligations under this Agreement, (v) with the consent of Holdco Borrower, (vi) to the extent such Information (A) becomes publicly available other than as a result of a breach of this <u>Section 10.11</u> or (B) becomes available to any Agent or any Holdco Term Financing Party on a nonconfidential basis from a source other than Holdco Borrower or (vii) to any Person with whom Holdco Borrower, an Agent or a Holdco Term Financing Party has entered into (or potentially may enter into), whether directly or indirectly, any transaction under which payments are to be made or may be made by reference to, one or more Holdco Term Financing Documents and/or Holdco Borrower and/or Refinery Company or to any of such Person's Affiliates, representatives, agents or professional advisors. For the purposes of this <u>Section 10.11</u>, "Information" means all information received from the Company Parties relating to such Company Party's business or otherwise furnished pursuant to this Agreement or any other Holdco Term Financing Document, other than any such information that is available to the Agents or any Holdco Term Financing Party on a nonconfidential basis prior to disclosure by Holdco Borrower. Any Person required to maintain the confidentiality of Information as provided in this Section shall be considered to have complied with its obligation to do so if such Person has exercised the same degree of care to maintain the confidentiality of such Information as such Person would accord to its own confidential information.

Section 10.13 <u>No Third Party Beneficiaries</u>. The agreement of the Holdco Term Financing Parties to extend the Holdco Term Obligations to Holdco Borrower (or solely with respect to the New Super Senior Exit CTCI Agreement, the Refinery Company) on the terms and conditions set forth in this Agreement, is solely for the benefit of the Holdco Borrower (or solely with respect to the New Super Senior Exit CTCI Agreement, the Refinery Company), the Agents and the Holdco Term Financing Parties, and no other Person (including any Material Counterparty, contractor, subcontractor, supplier, workman, carrier, warehouseman or materialman furnishing labor, supplies, goods or services to or for the benefit of the Refinery) shall have any rights under this Agreement or under any other Holdco Term Financing Document or Material Document as against the Agent or any Holdco Term Financing Party or with respect to any extension of credit contemplated by this Agreement.

Section 10.14 <u>Reinstatement</u>. The obligations of Holdco Borrower (or solely with respect to the New Super Senior Exit CTCI Agreement, the Refinery Company) under this Agreement shall be automatically reinstated if and to the extent that for any reason any payment by or on behalf of Holdco Borrower (or solely with respect to the New Super Senior Exit CTCI Agreement, the Refinery Company) in respect of the Holdco Term Obligations is rescinded or must be otherwise restored by any holder of any of the Holdco Term Obligations, whether as a result of any proceedings in Bankruptcy or reorganization or otherwise, and Holdco Borrower agrees that it will indemnify each Secured Party on demand for all reasonable costs and expenses (including fees of external counsel) incurred by such Secured Party in connection with such rescission or restoration, including any such costs and expenses incurred in defending against any claim alleging that such payment constituted a preference, fraudulent transfer or similar payment under any Bankruptcy, insolvency or similar law.

Section 10.15 <u>USA PATRIOT Act</u>. Each Holdco Term Financing Party hereby notifies the Holdco Borrower that pursuant to the requirements of the USA PATRIOT Act (Title III of Pub. L. 107-56 (signed into law October 26, 2001)) (the "<u>USA PATRIOT Act</u>"), it is required to obtain, verify and record information that identifies such Holdco Term Financing Party, which information includes the name and address of the Holdco Borrower and other information that will allow such Holdco Term Financing Party to identify the Holdco Borrower in accordance with the USA PATRIOT Act.

Section 10.16 <u>Electronic Execution of Assignments and Certain Other Documents</u>. The words "execution," "execute", "signed," "signature," and words of like import in or related to any document to be signed in connection with this Agreement and the transactions contemplated hereby (including without limitation amendments or other 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 Holdco Term Loan 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 10.17 <u>USURY</u>. In no event shall the amount of interest due or payable under this Agreement or any other Holdco Term Financing Document exceed the maximum rate of interest allowed by Applicable Law and, in the event any such payment is inadvertently paid by Holdco Borrower (or solely with respect to the New Super Senior Exit CTCI Agreement, the Refinery Company) or inadvertently received by Holdco Term Loan Administrative Agent, CTCI or any Holdco Term Financing Party, then such excess sum shall be credited as a payment of principal or the primary obligations, unless Holdco Borrower shall notify such Agent or Holdco Term Financing Party, as applicable, in writing that Holdco Borrower elects to have such excess sum returned to it (or solely with respect to the New Super Senior Exit CTCI Agreement, the Refinery Company) forthwith. It is the express intent of the parties hereto that Holdco Borrower (or solely with respect to the New Super Senior Exit CTCI Agreement, the Refinery Company) not pay and Holdco Term Loan Administrative Agent, CTCI and the Holdco Term Financing Parties shall not receive, directly or indirectly, in any manner whatsoever, interest in excess of that which may be lawfully paid by Holdco Borrower (or solely with respect to the New Super Senior Exit CTCI Agreement, the Refinery Company) under Applicable Law. EACH OF HOLDCO BORROWER, THE REFINERY COMPANY, HOLDCO TERM LOAN ADMINISTRATIVE AGENT, CTCI AND THE HOLDCO TERM FINANCING PARTIES AGREES AND STIPULATES THAT THE ONLY CHARGE IMPOSED UPON HOLDCO BORROWER AND THE REFINERY COMPANY FOR THE USE OF MONEY IN CONNECTION WITH THIS AGREEMENT OR ANY OTHER HOLDCO TERM FINANCING DOCUMENT IS AND SHALL BE THE INTEREST DESCRIBED HEREIN AND THEREIN, AND FURTHER AGREES AND STIPULATES THAT ALL OTHER FEES AND CHARGES IMPOSED BY HOLDCO TERM LOAN ADMINISTRATIVE AGENT, CTCI OR ANY HOLDCO TERM FINANCING PARTY ON HOLDCO BORROWER AND THE REFINERY COMPANY IN CONNECTION WITH THIS AGREEMENT AND ANY OTHER HOLDCO TERM FINANCING DOCUMENT, INCLUDING WITHOUT LIMITATION, ALL DEFAULT CHARGES, LATE CHARGES, PREPAYMENT FEES AND ATTORNEYS' FEES, ARE CHARGES MADE TO COMPENSATE AGENTS AND THE HOLDCO TERM FINANCING PARTIES FOR STRUCTURING, ARRANGING, UNDERWRITING OR ADMINISTRATIVE SERVICES AND COSTS OR LOSSES PERFORMED OR INCURRED, AND TO BE PERFORMED OR INCURRED, BY SUCH AGENTS AND THE HOLDCO TERM FINANCING PARTIES IN CONNECTION WITH THIS AGREEMENT AND/OR THE OTHER HOLDCO TERM FINANCING DOCUMENTS AND SHALL UNDER NO CIRCUMSTANCES BE DEEMED TO BE CHARGES FOR THE USE OF MONEY. ALL CHARGES OTHER THAN CHARGES FOR THE USE OF MONEY SHALL BE FULLY EARNED AND NONREFUNDABLE WHEN DUE.

Section 10.18 <u>Certain Tax Matters.</u>

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) The parties hereto acknowledge and agree that each EPC Claim and each Holdco Term Loan may be treated as equity of Holdco Borrower for U.S. federal and other applicable income tax purposes, in each case as reasonably and in good faith determined by the Holdco Borrower.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) The Holdco Borrower is authorized to withhold from actual or deemed payments, distributions or accruals to or in respect of the Holdco Term Financing Parties and CTCI, and to pay over to any U.S. federal, state, local or non-U.S. Governmental Authority, any amounts required to be so withheld pursuant to the Code, or any provisions of other applicable law, and all amounts so withheld shall be treated as distributed to the person with respect to which such withholding was made for all purposes under this Agreement.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) Each Holdco Term Financing Party, the Agents and CTCI shall provide to Holdco Borrower IRS Form W-9 or the applicable version of IRS Form W-8, as the case may be, reasonably promptly following the Closing Date or in the case of a new Holdco Term Financing Party following a permitted assignment pursuant to <u>Section 10.04</u>, such assignment date, as applicable.

[Remainder of page intentionally left blank]

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

---

| | |
|:---|:---|
| **GRAPEVINE ENERGY HOLDINGS, LLC,** | **GRAPEVINE ENERGY HOLDINGS, LLC,** |
| as Holdco Borrower | as Holdco Borrower |
| By: | /s/ Noah Verleun |
| Name: | Noah Verleun |
| Title: | Chief Executive Officer & President |

---

---

| | |
|:---|:---|
| **ORION ENERGY PARTNERS TP AGENT, LLC,** | **ORION ENERGY PARTNERS TP AGENT, LLC,** |
| as Holdco Term Loan Administrative Agent | as Holdco Term Loan Administrative Agent |
| By: | /s/ Gerrit Nicholas |
| Name: | Gerrit Nicholas |
| Title: | Managing Partner |
| **ORION ENERGY PARTNERS TP AGENT, LLC,** <br> as Holdco Term Collateral Agent | **ORION ENERGY PARTNERS TP AGENT, LLC,** <br> as Holdco Term Collateral Agent |
| **ORION ENERGY PARTNERS TP AGENT, LLC,** <br> as Holdco Term Collateral Agent | **ORION ENERGY PARTNERS TP AGENT, LLC,** <br> as Holdco Term Collateral Agent |
| By: | /s/ Gerrit Nicholas |
| Name: | Gerrit Nicholas |
| Title: | Managing Partner |

---

---

| | |
|:---|:---|
| **CTCI AMERICAS, INC.,** | **CTCI AMERICAS, INC.,** |
| as CTCI | as CTCI |
| By: | /s/ Todd Chen |
| Name: | Todd Chen |
| Title: | Chairman & CEO |

---

---

| | |
|:---|:---|
| **Acknowledged and consented:** | **Acknowledged and consented:** |
| **CENTRAL VALLEY RENEWABLE FUELS, LLC,** | **CENTRAL VALLEY RENEWABLE FUELS, LLC,** |
| as Refinery Company | as Refinery Company |
| By: | /s/ Noah Verleun |
| Name: | Noah Verleun |
| Title: | Chief Executive Officer & President |

---

## Exhibit 4.5

**Exhibit 4.5**

**PROCUREMENT, OPERATION & MAINTENANCE<br> SUPPORT SERVICES AGREEMENT**

**by and among**

**Central Valley Renewable Fuels, LLC, as Owner, CTCI Americas, Inc., as Contractor,**

<br> **and**

<br> **Grapevine Energy Holdings, LLC, as Guarantor**

<br> **Dated as of August 11, 2025**

**<u>**TABLE OF CONTENTS**</u>**

1. Definitions 1

2. Scope of Services 4

2.1 Services 4

2.2 Exclusions 5

3. Standard of Care; No Warranty 5

3.1 Standard of Care 5

3.2 No Warranty 5

4. Personnel; Subcontracting 6

4.1 Contractor Employees 6

4.2 Grapevine Employees 6

4.3 Subcontracts 6

4.4 Scope of Authority 7

5. Owner Covenants 7

5.1 Owner Provided Materials; Cooperation 7

5.2 Accuracy 8

5.3 Facilities 8

6. Representations and Warranties 8

7. Compensation and Payment 8

7.1 Compensation 8

7.2 Limitation on Unreimbursed Direct Costs 9

7.3 Payment Procedure 9

8. Term; Suspension; Termination 11

8.1 Term 11

8.2 Suspension by Contractor 11

8.3 Termination by Contractor 11

8.4 Mutual Termination 12

8.5 Effect of Termination 12

9. Taxes 12

10. Risk of Loss; Insurance 12

10.1 Risk of Loss 12

10.2 Insurance. 12

11. Liability; Indemnification 12

11.1 Indemnification by Contractor 12

11.2 Indemnification by Owner 13

11.3 Limitation of Liability 13

11.4 Indemnification Demands 14

11.5 Right to Contest and Defend 14

11.6 Cooperation 15

11.7 Exclusive Remedies 15

i

---

| | | | |
|:---|:---|:---|:---|
| 12. | Guaranty | Guaranty | 15.0 |
| 13. | Confidentiality | Confidentiality | 15.0 |
| 14. | Force Majeure | Force Majeure | 16.0 |
| 15. | Governing Law; Jurisdiction; Etc | Governing Law; Jurisdiction; Etc | 16.0 |
|  | 15.1 | Governing Law | 16.0 |
|  | 15.2 | Dispute Resolution | 16.0 |
| 16. | Agreement Priority | Agreement Priority | 16.0 |
| 17. | Independent Contractor | Independent Contractor | 16.0 |
| 18. | No Fiduciary Duty | No Fiduciary Duty | 16.0 |
| 19. | Usury | Usury | 17.0 |
| 20. | Assignment | Assignment | 17.0 |
| 21. | Notices | Notices | 17.0 |
| 22. | Entire Agreement; Amendments | Entire Agreement; Amendments | 18.0 |
| 23. | Further Assurances | Further Assurances | 18.0 |
| 24. | Severability | Severability | 18.0 |
| 25. | References | References | 18.0 |
| 26. | Waiver | Waiver | 18.0 |
| 27. | Counterparts; Electronic Signatures | Counterparts; Electronic Signatures | 18.0 |

---

ii

**PROCUREMENT, OPERATION & MAINTENANCE SUPPORT SERVICES AGREEMENT**

This Procurement, Operation & Maintenance Support Services Agreement (this "**Agreement**"), dated as of August 11, 2025 (the "**Effective Date**"), is entered into by and among **Central Valley Renewable Fuels, LLC** (f/k/a Bakersfield Renewable Fuels, LLC), a Delaware limited liability company ("**Owner**"), **CTCI Americas, Inc.**, a Texas corporation ("**Contractor**"), and **Grapevine Energy Holdings, LLC**, a Delaware limited liability company ("**Guarantor**"). Owner, Contractor and Guarantor may be referred to herein collectively as the "**Parties**," or individually as a "**Party**."

**WHEREAS**, Owner is party to one or more agreements entered into on or prior to the Effective Date and set forth on <u>Schedule II</u> hereto (the "**Existing Service Contracts**") for the delivery of goods and/or services by the contractors named therein to Owner in connection with Owner's renewable fuels facility located at 6451 Rosedale Highway in Bakersfield, California (the "**Facility**");

**WHEREAS**, Contractor possesses experience in providing procurement, maintenance, and operational support services for facilities similar to the Facility;

**WHEREAS**, on July 3, 2025, Global Clean Energy Holdings, Inc. and its Affiliates filed the Second Amended Plan of Reorganization of Global Clean Energy Holdings, Inc. and its Debtor Affiliates Under Chapter 11 of the Bankruptcy Code, dated July 3, 2025 (Docket No. 301) (together with all schedules, documents and exhibits contained therein, as may be further amended, supplemented or modified from time to time, the "**Approved Plan**");

**WHEREAS**, Contractor, Guarantor and Orion Energy Partners TP Agent, LLC, as term loan administrative agent and term collateral agent, entered into that certain Common Terms and Term Intercreditor Agreement, of even date herewith (as the same may be amended, supplemented, or otherwise modified from time to time, the "**CTTIA**"); and

**WHEREAS**, pursuant to and in connection with the Approved Plan and the CTTIA, the Parties desire that Contractor provide certain procurement, operation and maintenance services to and for the benefit of Owner at the Facility, all on the terms and subject to the conditions set forth herein.

**NOW, THEREFORE**, based upon the mutual covenants and considerations contained herein, and for other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, the Parties agree as follows:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1. <u>Definitions</u>. As used in this Agreement, the following terms shall have the following meanings:

"**Affiliate**" means, with respect to a specified Person, another Person that at such time directly, or indirectly through one or more intermediaries, Controls or is Controlled by or is under common Control with the Person specified.

"**Agreement**" has the meaning given in the preamble.

"**Applicable Law**" means with respect to any Person, property or matter, any of the following applicable thereto: any constitution, writ, injunction, statute, law, regulation, ordinance, rule, judgment, rule of common law, order, decree, court decision, authorization, approval, concession, grant, franchise, license, agreement, directive, guideline, policy, requirement, or other governmental restriction or any similar form of decision of, or determination by, or any interpretation or administration of any of the foregoing, by any Governmental Authority, whether in effect as of the date hereof or thereafter and in each case as amended.

"**Business Day**" means a day other than a Saturday, Sunday or other day on which commercial banks in New York City, New York, Los, Angeles, California or Taipei, Taiwan are authorized or required by law to close.

"**Consultant**" means (a) Entara and (b) any successor of Entara reasonably approved by Owner and Contractor which has entered into a Consultant Contract pursuant to the definition thereof.

"**Consultant Contract**" means (a) the Entara Contract and (b) replacement thereof for a Consultant to perform services substantially similar to those performed under the Entara Contract on terms that are (x) no less favorable than those provided in the Entara Contract or (y) otherwise reasonably acceptable to Owner and Contractor.

"**Contractor**" has the meaning given in the preamble.

"**Contractor Employees**" has the meaning given in <u>Section 4.1</u>.

"**Contractor Indemnified Parties**" has the meaning given in <u>Section 11.2</u>.

"**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.

"**CTTIA**" has the meaning given in the recitals.

"**Direct Costs**" has the meaning given in <u>Section 7.1.1</u>.

"**Direct Cost Limit**" has the meaning given in <u>Section 7.2</u>.

"**Effective Date**" has the meaning given in the preamble.

"**Entara**" means Entara LLC.

"**Entara Contract**" means the Payment Services Agreement, dated of even date herewith, by and among Contractor, Entara, and Grapevine.

"**Existing Service Contracts**" has the meaning given in the recitals.

"**Facility**" has the meaning given in the recitals.

"**Force Majeure Event**" has the meaning given in <u>Section 14</u>.

"**Governmental Authority**" means any federal, regional, state or local government, or political subdivision thereof or other entity exercising executive, legislative, judicial, taxing, regulatory or administrative functions of or pertaining to government and having jurisdiction over the Person or matters in question, including all agencies and instrumentalities of such governments and political subdivisions thereof.

"**Grapevine**" means Grapevine Operating Company, LLC.

"**Grapevine Employees**" has the meaning given in <u>Section 4.2</u>.

"**Grapevine Payroll Invoice**" means any invoice Contractor receives from the Consultant (or the Consultant's designee) pursuant to Section <u>7.3.2</u> involving the wages, salaries, payroll taxes, employee benefits, statutory charges, and any other lawful compensation or reimbursable expense attributable to the upcoming scheduled payroll cycle applicable to the Grapevine Employees in substantially the form attached as Exhibit A to the Consultant Contract.

"**Guarantor**" has the meaning given in the preamble.

"**Guaranty**" has the meaning given in <u>Section 12</u>.

"**Indemnity Demand**" has the meaning given in <u>Section 11.4</u>.

"**Indemnified Party**" has the meaning given in <u>Section 11.4</u>.

"**Indemnifying Party**" has the meaning given in <u>Section 11.4</u>.

"**Information**" has the meaning given in <u>Section 13</u>.

"**Losses**" means any and all liabilities, losses, damages, fines, penalties, judgments, awards, settlements, costs, and expenses (including reasonable attorneys' fees and expenses).

"**O&F**" has the meaning given in <u>Section 7.1.2</u>.

"**O&M Interest**" means interest that accrues on outstanding Direct Costs and O&F due and payable to CTCI pursuant to this Agreement and the CTTIA from and after the date that such Direct Costs and O&F become due and payable. O&F is not interest or O&M Interest. O&M Interest shall not accrue prior to the applicable Direct Costs and O&F becoming due and payable.

"**Owner**" has the meaning given in the preamble.

"**Owner Indemnified Parties**" has the meaning given in <u>Section 11.1</u>.

"**Owner-Provided Materials**" has the meaning given in <u>Section 5.1</u>.

"**Payment Account**" has the meaning given in <u>Section 7.3.4</u>.

"**Payment Invoice**" has the meaning given in <u>Section 7.3.3</u>.

"**Person**" means any natural person, corporation, limited liability company, trust, joint venture, association, company, partnership, Governmental Authority or other entity.

"**Related Parties**" has the meaning given in <u>Section 18</u>.

"**Service Contract Invoice**" means an invoice issued pursuant to a Service Contract.

"**Service Contracts**" means any and all contract(s) for the provision of Services performed by Third Party providers, including the Existing Service Contracts.

"**Services**" has the meaning given in <u>Section 2.1</u>.

"**Standard of Care**" has the meaning given in <u>Section 3.1</u>.

"**Term**" has the meaning given in <u>Section 8.1</u>.

"**Third Party**" means a Person other than (a) Owner, (b) Contractor, (c) Guarantor or (d) any Affiliate of Owner, Contractor, or Guarantor.

"**Third Party Claims**" means any and all claims, demands, suits, causes of action, liabilities, judgments, damages, fines, penalties, costs, and expenses, including reasonable attorneys' fees and other litigation expenses, asserted by any Third Party.

"**Transition Period**" has the meaning given in <u>Section 8.5</u>

<u>2</u> <u>Scope of Services</u>.

&nbsp;&nbsp;&nbsp;&nbsp;<u>2.1</u> <u>Services</u>. Owner hereby engages Contractor to act as an independent contractor to take all
 necessary and appropriate actions to perform or cause to be performed the services described in <u>Schedule I</u> attached hereto
 (collectively, the "**Services**") in accordance with the terms of this Agreement.

&nbsp;&nbsp;&nbsp;&nbsp;<u>2.2</u> <u>Exclusions</u>. Without limiting any other exclusion set
forth herein or in <u>Schedule I</u>, Contractor is not responsible for, and will have no obligation to provide Services in connection
with, (a) obtaining or maintaining any permits, licenses, easements, rights-of-way, franchises, consents and approvals not expressly
identified as Contractor's responsibility in <u>Schedule I</u>, (b) except as otherwise agreed to in writing by Contractor, (i)
any feedstock, chemicals, catalysts, natural gas, and other consumables required for operation of the Facility or (ii) any electricity,
water, internet service, telephone service, sewage and other waste disposal, and any other service or utility required for Contractor's
provision of the Services not expressly identified as Contractor's responsibility in <u>Schedule I</u>, (c) marketing or sale
of products, (d) financing activities of Owner, (e) providing insurance coverage with respect to the Facility or Owner, (f) any level
of throughput, efficiency, production, or other performance metric, (g) hazardous materials, environmental remediation, waste management,
or the abandonment of production wells, (h) ensuring that the Facility, together with all equipment, facilities, operations, processes,
products, emissions, discharges, and wastes associated therewith, is and remains in full compliance with all Applicable Laws or (i) any
activities, costs, liabilities, duties, obligations or other matters not expressly included in the Services.

3. <u>Standard of Care; No Warranty</u>.

&nbsp;&nbsp;&nbsp;&nbsp;<u>3.1</u> <u>Standard of Care</u>. Contractor shall perform the Services
(a) as an independent contractor in accordance with the degree of skill, care, prudence, and diligence customarily exercised by reputable
contractors performing similar services in the State of California for facilities of similar size, scope, and complexity to that of the
Facility and (b) in material reliance on the Owner-Provided Materials and the Owner's performance of its obligations under the
CTTIA (collectively, the "**Standard of Care** ").

&nbsp;&nbsp;&nbsp;&nbsp;<u>3.2</u> <u>No Warranty</u>. **except as expressly set forth in this agreement,** **CONTRACTOR makeS no representations, warranties, or guarantees, express or implied, of any kind concerning the Services, the performance thereof or any results, AND SPECIFICALLY MAKES NO WARRANTY, including, (a) any warranty of MERCHANTABILITY OR FITNESS FOR A PARTICULAR PURPOSE, (b) any level of throughput, efficiency, production, or other performance metric applicable to the Facility, (c) any compliance with any existing performance standards applicable to the Facility or (d) the achievement of any specific operational outcome, AND NONE SHALL BE IMPLIED, AND ALL OTHER REPRESENTATIONS, WARRANTIES, OR GUARANTEES, WRITTEN OR ORAL, EXPRESS OR IMPLIED, IN FACT OR IN LAW, AND WHETHER OR NOT BASED ON STATUTE ARE HEREBY DISCLAIMED AND EXCLUDED**.

4. <u>Personnel; Subcontracting</u>.

&nbsp;&nbsp;&nbsp;&nbsp;<u>4.1</u> <u>Contractor Employees</u>. Contractor may use a project manager,
site manager and two (2) technicians to assist with the performance of the Services on its behalf, either on-site at the Facility or
at other locations as Contractor deems advisable (such employees, the "**Contractor Employees** "). Any of the Contractor
Employees may be replaced by Contractor with Owner's written consent, which shall not be unreasonably withheld or delayed; *provided*, *however*, that Contractor may, in its sole discretion and without the necessity of obtaining Owner's consent, terminate the
employment or engagement of any Contractor Employee or reallocate such Contractor Employee within Contractor's organization at
any time Contractor determines that such Contractor Employee is no longer required in connection with the performance of the Services.
Contractor may submit a request in writing to Owner to have portions of the Services performed by subcontractors qualified to perform
such services pursuant to Service Contracts; *provided that* the determination as to the engagement of any such subcontractors shall
remain with Owner and any such subcontractors shall be engaged by Owner pursuant to the procedure set forth in <u>Section 4.3</u> below.

&nbsp;&nbsp;&nbsp;&nbsp;4.2 <u>Grapevine Employees</u>. No later than thirty (30) days after
the Effective Date, Owner, acting in consultation with Grapevine, Consultant and Contractor, shall prepare and deliver to Contractor
a written list identifying the positions and job descriptions for individuals employed at the Facility by Grapevine (such employees,
together with any replacements or additional later identified employees, the "**Grapevine Employees** "). Contractor and
Owner acknowledge that the employee list in place at any time is subject to change; *provided that* Owner shall provide Contractor
prompt written notice of any such changes to the extent such changes would affect Contractor's performance under a Consultant Contract
or are otherwise reasonably related to the provision of Contractor's Services hereunder. Except as otherwise set forth in <u>Section 4.4</u>, Owner shall have sole supervisory authority over the Grapevine Employees and all decisions relating to hiring, termination,
discipline, compensation, benefits, and other terms and conditions of employment for the Grapevine Employees shall remain exclusively
within the control of Owner and Grapevine. All wages, salaries, payroll taxes, employee benefits, statutory charges, workers' compensation
premiums, and any other costs or liabilities attributable to the Grapevine Employees shall be treated as Direct Costs in accordance with
and subject to <u>Section 7</u>.

&nbsp;&nbsp;&nbsp;&nbsp;4.3 <u>Subcontracts</u>. Other than with respect to the Existing Service Contracts, if, independently or
 pursuant to a request from Contractor under <u>Section 4.1</u> above, Owner determines that the engagement of one or more
 subcontractors or the procurement of supplies, equipment or materials is necessary or desirable to facilitate the continued
 operation of the Facility, Owner may, by written notice, request Contractor to (and Contractor may agree to) (a) issue purchase
 orders to vendors on Owner's behalf for the procurement of such supplies, equipment or materials pursuant to contracts in
 place between Owner and such vendors or (b) solicit competitive bids from subcontractors qualified to perform the required scope of
 work or deliver the desired supplies, equipment or materials. In the case of the foregoing <u>clause (b)</u>, upon receipt of such
 notice, Contractor will initiate, administer, and oversee the bidding process on Owner's behalf, including preparation of
 request-for-proposal documents, distribution to prospective bidders, fielding of bidder inquiries, coordination of site visits,
 receipt and tabulation of bids, and submission of all responsive bids to Owner for review; *provided that* Owner retains the
 sole and exclusive right to approve or reject each bid and to select the subcontractors or other providers that will be awarded the
 work. Alternatively, Owner may elect to conduct the bidding process independently; in such event Contractor shall provide reasonable
 cooperation as may be requested by Owner to facilitate Owner's efforts. All subcontracted services or provision of supplies,
 equipment or materials shall be performed under direct contracts between Owner and the selected subcontractors or providers and
 shall be retained and managed by Owner, subject to <u>Section 4.4</u>.

&nbsp;&nbsp;&nbsp;&nbsp;<u>4.4</u> <u>Scope of Authority</u>. Except as otherwise expressly provided herein, Owner shall have the sole and direct charge, control, and supervision of
all matters arising with respect to the Services or under the Service Contracts. Owner hereby designates and appoints Contractor, and
Contractor hereby accepts such appointment, to act on behalf of Owner (and subject to the consent and approval of the Owner) with respect
to contractors, subcontractors, suppliers, vendors, and any other counterparties to the Service Contracts, together with their respective
designees, agents, consultants, subcontractors, and representatives, to the extent such Persons furnish services, equipment, materials
or supplies in connection with the Services; *provided, however*, that Contractor shall act in such capacity only with respect to
(a) the Consultant, (b) any contractor, subcontractor, supplier, vendor, or other counterparty that has executed and delivered
to Contractor an agreement acknowledging Contractor's appointment that is in substantially the same form as, or on terms no less
favorable than, the form agreement attached hereto as <u>Exhibit A</u>. Contractor shall, subject to the Owner's consent, have
authority to negotiate, execute, administer, enforce, amend, renew, terminate, and otherwise deal with any Service Contracts or other
agreements, commitments, notices, change orders, waivers, and other documents relating to the Services. Contractor (a) shall oversee,
manage, and review the performance of all Contractor Employees performing Services pursuant to <u>Section 4.1</u> and (b) shall have
the right, but not the obligation, at Owner's request, to oversee, manage, and review the performance of all contractors, subcontractors,
suppliers, vendors, and other counterparties to any Service Contracts. Notwithstanding the foregoing, it is understood and agreed that
any actions taken by Contractor in its role shall only be at the direction and under the supervision of Owner and that Owner bears the
ultimate right and responsibility of directing all contractors, subcontractors, suppliers, vendors, and other counterparties (including
the Grapevine Employees) and inspecting or approving any related work and, with respect to any unexpected, extraordinary, or materially
atypical circumstance, cost, or issue arising in connection with the Services or the Service Contracts that is not expressly contemplated
by this Agreement or the Service Contracts, Contractor shall not take any action without first obtaining Owner's prior written
approval.

5. <u>Owner Covenants</u>.

&nbsp;&nbsp;&nbsp;&nbsp;5.1 <u>Owner Provided Materials; Cooperation</u>. Owner shall provide
to Contractor, to the extent (a) reasonably required for the performance of the Services hereunder and (b) such information is in Owner's
possession or is reasonably obtainable by Owner, (i) complete and up-to-date operating and maintenance manuals, engineering drawings,
vendor data books, warranties, and specifications for the Facility, (ii) access to the Facility, utilities, and other infrastructure
and (iii) such additional information, documentation, permits, governmental approvals, and resources as Contractor may reasonably request
as necessary to provide the Services (collectively, the "**Owner-Provided Materials** "). Owner shall give Contractor prompt
written notice of any change to the Owner-Provided Materials and shall otherwise cooperate in good faith with Contractor's efforts
to provide the Services.

&nbsp;&nbsp;&nbsp;&nbsp;5.2 <u>Accuracy</u>. Owner represents and warrants that the Owner-Provided
Materials will be accurate and complete in all material respects at the time that they are submitted to Contractor. Contractor is entitled
to rely on the Owner-Provided Materials without independent verification and Contractor is not liable for any Losses resulting from any
deficiency therein. Contractor's provision to Owner of the Services hereunder is subject to Owner timely submitting to Contractor
all Owner-Provided Materials and other requested information.

&nbsp;&nbsp;&nbsp;&nbsp;5.3 <u>Facilities</u>. Owner shall provide reasonably necessary
facilities at the Facility for Contractor's use in performing the Services, which may include a furnished and functionally equipped
office facility and, with respect to Engineering and Maintenance Services set forth in Schedule I (*Services*), a functionally equipped
shop facility to adequately conduct maintenance activities, and a storage warehouse for spare parts, consumables, and supplies, which
storage is adequate to protect the same from damage or destruction.

6. <u>Representations and Warranties</u>. The representations and warranties set forth in Article III
 (*Representations and Warranties*) of the CTTIA have been made to and for the benefit of the Contractor and shall apply *mutatis mutandis* to this Section 6 as if fully set forth herein.

<u>7.</u> <u>Compensation and Payment</u>.

&nbsp;&nbsp;&nbsp;&nbsp;7.1 <u>Compensation</u>. In consideration for the provision of the
Services to Owner as required pursuant to this Agreement, Owner shall be liable and responsible for and shall pay to Contractor, pursuant
to the provisions of <u>Section 7.3</u>, the following amounts for performance of the Services:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7.1.1 (a) Any amounts paid pursuant to Service Contract Invoices and
Grapevine Payroll Invoices and applicable taxes related thereto and (b) subject to the consent of the Owner and without duplication
of clause (a), any and all other costs, expenses, and charges paid or incurred by Contractor, its Affiliates or its subcontractors in
performing the Services, including the cost of labor, materials and equipment rental (collectively, "**Direct Costs** ").

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7.1.2 A one-time overhead-and-fee amount equal to fifteen and one-quarter
percent (15.25%) of each Direct Cost ()"**O&F**") as such Direct Cost is incurred, which amount is inclusive of, and
intended to fully compensate Contractor for, all costs salaries, wages, and benefits of Contractor Employees performing Services pursuant
to <u>Section 4.1</u>. The O&F shall be deemed earned concurrently with the incurrence of the Direct Costs to which such O&F
relates and shall be payable on the same date that such corresponding Direct Costs are due and payable. The O&F is a primary obligation
and not interest or a rate of interest.

7.2 <u>Limitation on Unreimbursed Direct Costs</u>. The aggregate amount of unreimbursed Direct Costs
 shall not at any time exceed twenty-eight million, two hundred and sixty-seven thousand, six hundred and five dollars ($28,267,605)
 (the "**Direct Cost Limit** "). If, at any time, Contractor determines that the aggregate amount of unreimbursed
 Direct Costs has reached or exceeded eighty percent (80%) of the Direct Cost Limit, Contractor may, upon written notice to Owner,
 convene a meeting with Owner to discuss the status of any services, review projected future Direct Costs, and establish a mutually
 agreeable course of action intended to prevent the Direct Cost Limit from being exceeded. Notwithstanding anything in this Agreement
 to the contrary, if Contractor receives any Services Contract Invoice or Grapevine Payroll Invoice or any other request for Services
 the payment or performance of which, when added to all other unreimbursed Direct Costs, would cause the Direct Cost Limit to be
 exceeded, Contractor shall have no obligation to pay or perform, and shall be entitled to withhold payment and performance of, such
 invoice and Services until Owner has paid sufficient amounts to Contractor pursuant to one or more Payment Invoices so that the
 aggregate of all unreimbursed Direct Costs, inclusive of the amount of such Services Contract Invoice or Grapevine Payroll Invoice
 in respect of which payment has been withheld, will not exceed the Direct Cost Limit. For the avoidance of doubt, Owner shall bear
 responsibility for all costs, fees, expenses, interest, or other Losses arising from a delay in payment of, or failure to pay, any
 such Service Contract Invoice or Grapevine Payroll Invoice as a result of the unreimbursed Direct Costs exceeding the Direct Cost
 Limit.

7.3 <u>Payment Procedure</u>.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7.3.1 <u>Service Contract Invoices</u>. Contractor and Owner shall
meet no less frequently than once during each calendar month to review Contractor's forecast of anticipated subcontractor and supplier
accruals, cost commitments, and other projected expenses for the ensuing month and to discuss any related matters reasonably requested
by Contractor or Owner. Parties to Service Contracts will submit Service Contract Invoices to Contractor, with a copy to Owner. Owner
shall promptly, but in no event later than the twentieth (20th) day of each calendar month, review and provide written notice to Contractor
indicating whether Owner approves or rejects all such Service Contract Invoices provided to Owner by such date. Subject to the limitations
set forth in <u>Section 7.2</u>, Contractor shall pay each Service Contract Invoice approved in writing by Owner (according to invoice
terms approved by Owner), and any such payment shall constitute a Direct Cost hereunder. For the avoidance of doubt, Grapevine Payroll
Invoices shall not constitute Service Contract Invoices.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7.3.2 <u>Grapevine Payroll Invoices</u>. Notwithstanding the provisions
of <u>Section 7.3.1</u>, but subject to the limitations set forth in <u>Section 7.2</u>,, Contractor shall pay in full each Grapevine
Payroll Invoice that Contractor receives from Consultant (or Consultant's designee or, if Owner receives a copy of such Grapevine
Payroll Invoice from Consultant, Owner) no later than five (5) Business Days from the date Contractor receives such Grapevine Payroll
Invoice. Except as set forth in the preceding sentence, payment of each Grapevine Payroll Invoice by Contractor shall not require prior
review, consent, or approval by Owner. All payments made by Contractor pursuant to a Grapevine Payroll Invoice shall constitute a Direct
Cost hereunder. In addition, Contractor agrees it shall pay the invoice attached hereto as <u>Exhibit C</u> on the Effective Date in
an amount equal to $2,100,000 and such invoice shall be deemed to be a Grapevine Payroll Invoice hereunder.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7.3.3 <u>Invoicing</u>. On or before the last day of each calendar
month, Contractor shall deliver to Owner an invoice (each, a "**Payment Invoice**") that shall contain (a) a reference
to the month to which such Payment Invoice relates, (b) the aggregate amount of Grapevine Payroll Invoices and approved Service Contract
Invoices paid on Owner's behalf or other Direct Costs incurred during such month, and (c) the amount of O&F and O&M Interest
owed for such month. In addition to the Payment Invoice, Contractor shall include a statement setting forth (x) as of the date of such
Payment Invoice, all amounts of unreimbursed Direct Costs and O&F (including those amounts set forth on the Payment Invoice), accrued
O&M Interest thereon, and the remaining available amount under the Direct Cost Limit (if any), (y) any amounts that are then due
and payable, and (z) any outstanding, unapproved Service Contract Invoices. Each Payment Invoice shall be accompanied by reasonable supporting
documentation, including copies of Grapevine Payroll Invoices and Service Contract Invoices, time sheets, or other substantiating records,
subject to reasonable redaction for confidentiality.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7.3.4 <u>Payment</u>. Owner shall pay each Payment Invoice in full
on or before the date that is three hundred thirty four (334) days after the date of such Payment Invoice; *provided, however*,
that any portion of a Payment Invoice that would cause unreimbursed Direct Costs to exceed the Direct Cost Limit shall be due and payable
immediately. Owner shall pay all amounts due and payable by wire transfer of immediately available funds into the bank account designated
in writing by Contractor (the "**Payment Account**") or such other account as Contractor may designate upon not less than
three (3) Business Days' prior written notice.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7.3.5 <u>Interest</u>. All amounts outstanding under this Agreement,
whether Direct Costs, O&F, or any other amounts, shall accrue interest at the Interest Rate or the Post-Default Rate, as applicable
(each as defined in the CTTIA), from (and including) the date such amounts were due and payable by Owner until (but excluding) the date
paid in full, and shall be payable in accordance with the CTTIA. Interest will continue to accrue after the suspension of Services and
also after the termination of this Agreement.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7.3.6 <u>Payments</u>. All payments made to Contractor under this
Agreement, whether Direct Costs, O&F, O&M Interest, or any other amounts, shall be subject to the CTTIA (including Section 9.08
thereof).

8. <u>Term; Suspension; Termination</u>.

&nbsp;&nbsp;&nbsp;&nbsp;8.1 <u>Term</u>. The term of this Agreement (the "**Term** ")
shall commence on the Effective Date and continue for twelve (12) months thereafter. The Term shall be automatically extended on a month-to-month
basis; *provided, however*, that Contractor may terminate this Agreement with respect to such automatic extensions by providing
six (6) months' prior written notice of non-renewal; *provided further*, that in no event shall the Term extend beyond the
fifth (5th) anniversary of this Agreement.

&nbsp;&nbsp;&nbsp;&nbsp;8.2 <u>Suspension by Contractor</u>. Contractor may, upon written
notice to Owner, immediately suspend all or any part of the Services if (a) the Contractor has incurred cumulative Direct Costs in excess
of $24,500,000 (including Direct Costs that have been reimbursed and those that have not), subject to the limitations set forth in <u>Section 14</u>, during the continuance of a Force Majeure Event affecting Contractor; (b) unreimbursed Direct Costs are equal to or greater than
the Direct Cost Limit, absent Owner prefunding or reimbursement of any such excess; (c) in connection with any issuance of a purchase
order or request to pay any Service Contract Invoice or Grapevine Payroll Invoice, the aggregate of all unreimbursed Direct Costs, after
giving effect to such purchase order, Services Contract Invoice, or Grapevine Payroll Invoice, would exceed the Direct Cost Limit absent
Owner prefunding or reimbursement; or (d) if the Contractor has incurred cumulative Direct Costs in excess of $24,500,000 (including
Direct Costs that have been reimbursed and those that have not) and (i) Owner fails to make any payment when due for any reason
or (ii) an Event of Default not caused by Contractor exists under the CTTIA and has not been waived in writing by Contractor.

&nbsp;&nbsp;&nbsp;&nbsp;8.3 <u>Termination by Contractor</u>. Contractor may terminate this
Agreement, in whole or in part, immediately upon written notice to Owner if the Contractor has incurred cumulative Direct Costs (including
Direct Costs that have been reimbursed and those that have not) in excess of $24,500,000 and (a) subject to the limitations set
forth in <u>Section 14</u>, a Force Majeure Event affecting Contractor has occurred and is continuing for a period in excess of ninety
(90) days and Contractor is otherwise in compliance with the provisions of <u>Section 14</u> in respect thereof, (b) an Event of
Default not caused by Contractor exists under the CTTIA and has not been waived in writing; or (c) Owner fails to make any
payment of Direct Costs or O&F for any reason within five (5) Business Days after receipt of written notice of nonpayment.

&nbsp;&nbsp;&nbsp;&nbsp;8.4 <u>Mutual Termination</u>. This Agreement may be terminated
upon the mutual written consent of the Parties.

&nbsp;&nbsp;&nbsp;&nbsp;8.5 <u>Effect of Termination</u>. The termination of this Agreement
shall not relieve either Party of any liability or obligation accruing or that accrued prior to such termination or deprive a Party not
in breach (other than a breach because such Party is rightfully withholding performance in response to a breach by the other Party) of
its rights to any remedy otherwise available to such Party, including with respect to damages arising after termination. Upon any termination
or expiration of this Agreement, Owner shall promptly, but in no event later than five (5) Business Days after the effective date of
the termination, pay Contractor all unpaid Direct Costs, O&F, interest, and other amounts accrued through the effective date of termination.
Contractor shall promptly (and in no event later than thirty (30) days after the effective date of such termination) make available to
Owner the books, records and any and all other documents or files received from Owner or generated by Contractor with respect to the
Facility in the performance of the Services. Notwithstanding any such termination, at the request of Owner, Contractor shall continue
to perform the Services under this Agreement in compliance with the provisions hereof for a transition period of up to thirty (30) days
after the effective date of any termination, (the "**Transition Period** "); *provided that* Contractor shall have
no obligation to provide transition services hereunder unless Owner first pays to Contractor all unpaid Direct Costs, O&F, interest,
and other amounts accrued through the effective date of termination plus any costs reasonably expected to be incurred by Contractor in
winding down the Services, providing transition services during the Transition Period, demobilizing personnel, and terminating subcontracts.
Subject to the foregoing, during the Transition Period, Contractor shall provide the Services in accordance with the terms of this Agreement.
Upon termination, Contractor shall assign to Owner any contracts and agreements entered into by Contractor in connection with its performance
of the Services on behalf of Owner in compliance with the terms of this Agreement, and Owner shall assume all obligations and liabilities
under such contracts and agreements. Upon termination of this Agreement, Contractor shall cooperate in good faith with Owner and any
successor operator to facilitate the orderly transition of Contractor's responsibilities and to transfer to Owner or the successor
operator (as applicable) control of any and all property of Owner that is under the care and custody of Contractor. <u>Sections 1</u>, <u>3</u>, <u>6</u>, <u>7</u>, <u>8</u>, <u>9</u>, <u>10</u>, <u>11</u>, <u>12</u>, <u>13</u>, <u>14</u>, <u>15</u> and <u>16</u> through <u>27</u> shall survive any termination of this Agreement.

9. <u>Taxes</u>. Owner shall pay, or reimburse Contractor for,
all sales, use, value-added, goods and services, real property taxes, personal property taxes, excise taxes, and similar taxes imposed
in connection with the performance of the Services, excluding taxes based upon the net income of Contractor. Contractor shall provide
reasonable documentation of any taxes for which reimbursement is sought.

10. <u>Risk of Loss; Insurance</u>.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;10.1 <u>Risk of Loss</u>. As between the Parties, Owner shall bear
all risk of loss, damage, destruction, or diminution in value of the Facility and any materials, goods, or products located thereon,
including in relation to any suspension of Services or termination of this Agreement pursuant to <u>Section 8</u> hereof, except to the
extent resulting directly from Contractor's gross negligence or willful misconduct.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;10.2. <u>Insurance.</u> 

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<u>10.2.1</u> <u>Owner's Insurance</u>. Owner shall maintain, at its
sole cost and expense, insurance policies covering the Facility and operations thereon as set forth on and consistent with <u>Schedule III</u> and any other property and liability insurance, in such amounts, on such terms, and with such insurers as are customary for similarly
situated facilities. All insurance policies of Owner shall include a waiver of subrogation against Contractor and its Affiliates, and
beginning on the date that is five (5) Business Days after the Effective Date, shall name Contractor and its Affiliates as additional
insureds.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;10.2.2 <u>Contractor's Insurance</u>. Contractor shall maintain the following insurance (and shall cause
its subcontractors to maintain comparable insurance):

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;10.2.2.1 workers' compensation insurance in accordance with Applicable Law;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;10.2.2.2 employer's liability insurance with limits of $1 million per occurrence; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;10.2.2.3 commercial general liability insurance, including contractual liability coverage, with limits of $1 million
per occurrence.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;10.2.3 <u>Certificates</u>. Upon request, each Party shall provide the other with certificates of insurance evidencing
the coverage required hereunder.

<u>11.</u> <u>Liability; Indemnification</u>.

&nbsp;&nbsp;&nbsp;&nbsp;11.1 <u>Indemnification by Contractor</u>. Notwithstanding anything
herein to the contrary, Contractor, on behalf of itself and its Affiliates, shall indemnify, defend, and hold harmless Owner, its Affiliates,
and their respective directors, officers, managers, employees, and agents (collectively, the "**Owner Indemnified Parties** ")
from and against any and all Third Party Claims directly or indirectly resulting from or in any way incident to or in connection with,
the gross negligence or willful misconduct of Contractor in connection with the performance of (or failure to perform) the Services pursuant
to this Agreement, except to the extent any such Losses are contributed to by the active or gross negligence or willful misconduct of
the Owner Indemnified Parties.

&nbsp;&nbsp;&nbsp;&nbsp;11.2 <u>Indemnification by Owner</u>. Notwithstanding anything herein
to the contrary but subject to the following sentence, Owner, on behalf of itself and its Affiliates, shall indemnify, defend, and hold
harmless Contractor, its Affiliates, and their respective directors, officers, managers, employees, agents, and subcontractors (collectively,
the "**Contractor Indemnified Parties**") from and against any and all Third Party Claims directly or indirectly resulting
from or in any way incident to or in connection with (a) the performance of the Services by the Contractor hereunder, (b) any environmental
contaminants or hazardous materials, or (c) Owner's material breach of this Agreement (including any failure by Owner to supply
all Owner-Provided Materials), **REGARDLESS OF WHETHER SUCH LOSSES ARE A RESULT OF OR CAUSED BY THE SOLE, JOINT OR CONCURRENT NEGLIGENCE, STRICT LIABILITY OR OTHER FAULT OF A CONTRACTOR INDEMNIFIED PARTY**. **Without limiting the foregoing, in no event shall the Contractor Indemnified parties have any liability to owner for (and owner hereby releases the CONTRACTOR INDEMNIFIED PARTIES from) any Damages sustained or liabilities incurred by the OWNER INDEMNIFIED PARTIES in connection with the services performed by CONTRACTOR hereunder, without regard to the cause thereof, including acts or omissions which may impose strict liability or other types of fault of any member of the CONTRACTOR INDEMNIFIED PARTIES, except to the extent that such damages were caused by, ARISE OUT OF OR RESULT FROM the SOLE negligence, active negligence, GROSS NEGLIGENCE, OR willful misconduct of THE CONTRACTOR. FOR The avoidance of doubt, Contractor shall have no liability whatsoever for any environmental matters or hazardous materials or contaminants relating to the FACILITY.** 

&nbsp;&nbsp;&nbsp;&nbsp;<u>11.3</u> <u>Limitation of Liability</u>. NOTWITHSTANDING ANYTHING IN
THIS AGREEMENT TO THE CONTRARY, CONTRACTOR'S TOTAL LIABILITY ARISING OUT OF OR RELATING TO THIS AGREEMENT, WHETHER BASED ON WARRANTY,
CONTRACT, TORT (INCLUDING NEGLIGENCE), STRICT LIABILITY, OR OTHERWISE, SHALL IN NO EVENT EXCEED, IN THE AGGREGATE, THE DIRECT COST LIMIT *MINUS* THE TOTAL OF UNREIMBURSED DIRECT COSTS INCURRED BY CONTRACTOR HEREUNDER *PLUS* ALL REASONABLE AND DOCUMENTED OUT-OF-POCKET
EXTERNAL COUNSEL FEES AND EXPENSES INCURRED IN CONNECTION WITH ANY ENFORCEMENT OF OWNER'S RIGHTS HEREUNDER. IN NO EVENT SHALL CONTRACTOR
BE LIABLE FOR ANY CONSEQUENTIAL, SPECIAL, INDIRECT, PUNITIVE OR EXEMPLARY DAMAGES, OR DAMAGES ATTRIBUTABLE TO LOSS OF VALUE, LOSS OF
PRODUCTION, LOSS OF PROFIT OR BUSINESS INTERRUPTIONS, IN CONNECTION WITH THIS AGREEMENT AND, EXCEPT AS OTHERWISE PROVIDED IN THIS SENTENCE,
OWNER, FOR ITSELF AND ON BEHALF OF THE OWNER INDEMNIFIED PARTIES, HEREBY EXPRESSLY WAIVES ANY RIGHT TO CONSEQUENTIAL, SPECIAL, INDIRECT,
PUNITIVE OR EXEMPLARY DAMAGES, OR DAMAGES ATTRIBUTABLE TO LOSS OF VALUE, LOSS OF PRODUCTION, LOSS OF PROFIT OR BUSINESS INTERRUPTIONS,
IN CONNECTION WITH THIS AGREEMENT.

&nbsp;&nbsp;&nbsp;&nbsp;11.4 <u>Indemnification Demands</u>. The Contractor and Owner each
agree that promptly upon its discovery of facts giving rise to a demand for indemnity (an "**Indemnity Demand**") under
the provisions of this Agreement, including receipt by it of a claim by any Third Party with respect to any matter as to which a Contractor
Indemnified Party or an Owner Indemnified Party as applicable (each, an "**Indemnified Party**") asserts a right to indemnity
under the provisions of this Agreement, it will give prompt notice thereof in writing to the Party against which such a right is being
asserted (the "**Indemnifying Party** "), together with a statement of such information respecting any of the foregoing
as it shall have. Such notice shall include a formal demand for indemnification under this Agreement. The Indemnifying Party shall not
be obligated to indemnify the Indemnified Party with respect to any Indemnity Demand to the extent that the Indemnified Party fails to
notify the Indemnifying Party thereof in accordance with the provisions of this Agreement and such failure materially and adversely affects
the ability of the Indemnifying Party or its counsel to defend against such matter and to make a timely response thereto including any
responsive motion or answer to a complaint, petition, notice, or other legal, equitable, or administrative process relating to the Indemnity
Demand.

&nbsp;&nbsp;&nbsp;&nbsp;<u>11.5</u> <u>Right to Contest and Defend</u>. The Indemnifying Party shall
be entitled, at its cost and expense, to contest and defend, by all appropriate legal proceedings, any claim with respect to which it
is called upon to indemnify the Indemnified Party under the provisions of this Agreement; *provided, that* notice of the intention
to so contest shall be delivered by the Indemnifying Party to the Indemnified Party within twenty (20) days from the date of receipt
by the Indemnifying Party of notice by the Indemnified Party of the assertion of the Indemnity Demand. Any such contest may be conducted
in the name and on behalf of the Indemnifying Party or the Indemnified Party as may be appropriate. Such contest shall be conducted by
reputable counsel employed by the Indemnifying Party and not reasonably objected to by the Indemnified Party, but the Indemnified Party
shall have the right but not the obligation to participate in such proceedings and to be represented by counsel of its own choosing at
its sole cost and expense. The Indemnifying Party shall have full authority to determine all actions to be taken with respect to such
claim; *provided, however*, that the Indemnifying Party will not have the authority to subject the Indemnified Party to any obligation
whatsoever, other than the performance of purely ministerial tasks or obligations involving de minimis expense. If the Indemnifying Party
does not elect to contest and defend any such claim, the Indemnifying Party shall be bound by the result obtained with respect thereto
by the Indemnified Party. If the Indemnifying Party shall have assumed the defense of such claim, the Indemnified Party shall agree to
any settlement, compromise, or discharge of a claim that the Indemnifying Party may recommend and that by its terms obligates the Indemnifying
Party to pay the full amount of the liability in connection with such claim, which releases the Indemnified Party completely in connection
with such claim and which would not otherwise materially adversely affect the Indemnified Party. An Indemnified Party shall not otherwise
agree to any settlement, compromise, or discharge of a Claim during the twenty (20)-day period specified above, nor so long as the Indemnifying
Party is diligently pursuing the defense of such claim. Notwithstanding the foregoing, the Indemnifying Party shall not be entitled to
assume the defense of any claim (and shall be liable for the reasonable fees and expenses of counsel incurred by the Indemnified Party
in defending such claim) if the claim seeks an order, injunction, or other equitable relief or relief for other than money damages against
the Indemnified Party, which the Indemnified Party reasonably determines, after conferring with its counsel, cannot be separated from
any related claim for money damages. If such equitable relief or other relief portion of the claim can be so separated from that for
money damages, the Indemnifying Party shall be entitled to assume the defense of the portion relating to money damages.

&nbsp;&nbsp;&nbsp;&nbsp;11.6 <u>Cooperation</u>. If requested by the Indemnifying Party,
the Indemnified Party shall cooperate with the Indemnifying Party and its counsel in contesting any claim that the Indemnifying Party
elects to contest or, if appropriate, in making any counterclaim against the person asserting the claim, or any cross-complaint against
any person, and the Indemnifying Party will reimburse the Indemnified Party for any expenses incurred by it in so cooperating. At no
cost or expense to the Indemnified Party, the Indemnifying Party shall cooperate with the Indemnified Party and its counsel in contesting
any claim.

&nbsp;&nbsp;&nbsp;&nbsp;11.7 <u>Exclusive Remedies</u>. The indemnities and limitations of
liability set forth in this <u>Section 11</u> are the exclusive remedies of the Parties for any claim, loss, or damage arising out of
or relating to this Agreement or the Services, other than claims for non-payment of amounts due hereunder.

12. <u>Guaranty</u>. By entering into the Agreement, Guarantor hereby
agrees to give and be bound by the terms of the guaranty attached hereto as <u>Exhibit B</u> (the "**Guaranty** "). By
so agreeing, Guarantor unconditionally and irrevocably guarantees the full and punctual payment and performance of all obligations of
Owner under this Agreement. The Parties acknowledge that the effectiveness of this Agreement is expressly conditioned upon Guarantor's
agreement to provide the Guaranty.

13. <u>Confidentiality</u>. Each of the Parties agrees to maintain
the confidentiality of the Information (as defined below), except that Information may be disclosed (i) to its and its Affiliates'
directors, officers, employees, board members (and members of committees thereof), managers, members, partners, equity holders, agents,
consultants, and other advisors with a need to know (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 requested by
any applicable regulatory or supervisory body or authority, by Applicable Laws or regulations or by any subpoena, oral question posed
at any deposition, interrogatory or similar legal process; provided that the Party from whom disclosure is being required shall give
notice thereof to the other Parties as soon as practicable (unless restricted from doing so and except where disclosure is to be made
to a regulatory or supervisory body or authority during the ordinary course of its supervisory or regulatory function), (iii) to any
other Party to this Agreement, (iv) subject to an agreement containing provisions substantially the same as those of this <u>Section 13</u>, to any assignee or any prospective assignee of any of its rights or obligations under this Agreement, (v) with the consent of
the other Parties, (vi) to the extent such Information (A) becomes publicly available other than as a result of a breach of this <u>Section 13</u> or (B) becomes available to any Party on a nonconfidential basis from a source other than on of the other Parties or (vii) any
contractors, subcontractors, consultants or other service providers whom Contractor reasonably determines have a need to know such information
in order for Contractor to perform the Services hereunder. For the purposes of this <u>Section 13</u>, "**Information** "
means all information received from a Party relating to such Party's business or otherwise furnished pursuant to this Agreement,
other than any such information that is available to the Parties on a nonconfidential basis prior to disclosure by a Party. Any Person
required to maintain the confidentiality of Information as provided in this <u>Section 13</u> 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.

14. <u>Force Majeure</u>. Contractor shall not be liable for any
default or delay in the performance of the Services if such default or delay is due to any cause beyond the reasonable control of Contractor,
including fire, flood, earthquake, elements of nature or acts of God, pandemics and epidemics, power or equipment failure, unavailability
of materials, acts of war, terrorism, riots, civil disorders, strikes, lockouts or labor disruptions or failure of third-party suppliers,
contractors, or carriers (each, a "**Force Majeure Event** "). Contractor shall use commercially reasonable efforts to
remedy any such Force Majeure Event as promptly as practicable, shall give prompt written notice to Owner of any such Force Majeure Event,
and shall inform Owner of the nature of the delay and the expected duration and consequences thereof. Once the Force Majeure Event is
remedied, Contractor shall notify Owner that the Force Majeure Event no longer affects such obligation. Notwithstanding the foregoing,
a Force Majeure Event shall not excuse, suspend, defer, or otherwise affect either Party's obligation to pay any amounts that are
or become due and payable under this Agreement (including any obligation to pay Services Contract Invoices, Grapevine Payroll Invoices,
Payment Invoices and any other request for payment under the Service Contracts), and all such payment obligations shall remain in full
force and effect during the continuance of the Force Majeure Event and thereafter. Subject to the foregoing limitations, upon the occurrence
of a Force Majeure Event and, only to the extent that Contractor is in compliance with this <u>Section 14</u>, Contractor will be excused
from performance of the Services affected by such Force Majeure Event to the extent and for so long as such circumstances prevail and
a reasonable period of time thereafter.

15. <u>Governing Law; Jurisdiction; Etc</u>.

&nbsp;&nbsp;&nbsp;&nbsp;15.1 <u>Governing Law</u>. THIS AGREEMENT AND THE RIGHTS AND OBLIGATIONS
OF THE PARTIES UNDER THIS AGREEMENT AND ANY DISPUTE OF CLAIMS ARISING IN CONNECTION THEREWITH SHALL BE GOVERNED BY, AND CONSTRUED AND
INTERPRETED IN ACCORDANCE WITH, THE LAW OF THE STATE OF CALIFORNIA.

&nbsp;&nbsp;&nbsp;&nbsp;15.2 <u>Dispute Resolution</u>. Any controversy or claim arising
out of or relating to this Agreement, or the breach thereof, shall be settled by arbitration administered by the American Arbitration
Association in accordance with its Commercial Arbitration Rules and judgment on the award rendered by the arbitrators may be entered
in any court having jurisdiction thereof. Claims shall be heard by a panel of three arbitrators. The place of arbitration shall be Los
Angeles, California. The arbitration shall be governed by the laws of the State of California. Time is of the essence for any arbitration
under this Agreement and arbitration hearings shall take place within ninety (90) days of filing and awards rendered within one hundred
twenty (120) days. Arbitrators shall agree to these limits prior to accepting appointment. The award of the arbitrators shall be accompanied
by a reasoned opinion. Except as may be required by Applicable Law, neither a Party nor an arbitrator may disclose the existence, content,
or results of any arbitration hereunder without the prior written consent of each party to the arbitration.

16. <u>Agreement Priority</u>. The terms of this Agreement are subject
to the CTTIA. To the extent any provision of this Agreement conflicts with any provision of the CTTIA (including, without limitation,
with respect to enforcement rights or remedies), the terms of the CTTIA shall govern. In addition, the Parties acknowledge that, pursuant
to and subject to the terms and conditions of New Super Senior Exit CTCI Intercreditor Agreement (as defined in the CTTIA), all obligations
of Owner to Contractor under this Agreement are subordinate to the Midco Financing Documents (as defined in the CTTIA). Owner must give prompt written notice to Contractor of any default or event of default under any Midco Financing Document.

17. <u>Independent Contractor</u>. The Parties agree that at all
times during the rendering of the Services in the fulfillment of the terms and obligations of this Agreement, Contractor and any contractors,
subcontractors, vendors or other Third Parties hired by Contractor shall each be deemed to be an "independent contractor,"
and nothing in this Agreement is intended and nothing shall be construed to create an agency, employer/employee, partnership, joint venture
or other similar relationship or association within the meaning of the common law or any Applicable Laws, between Contractor or any such
Third Party and Owner or any of its Affiliates. In carrying out its obligations under this Agreement, Contractor shall have the authority
and responsibility to elect the means, manner and method of performing the Services to be provided by, or on behalf of, Contractor.

18. <u>No Fiduciary Duty</u>. In no event do the Parties intend
that Contractor or any of its Affiliates or employees of Contractor or any of their Affiliates (the "**Related Parties** ")
act or be responsible as a fiduciary to Owner, its management, members, creditors or any other person in connection with any activity
that Contractor or its Related Parties may undertake or have undertaken with respect to the Services or otherwise hereunder, either before
or after the Effective Date. Contractor and its Related Parties expressly disclaim any fiduciary or similar obligations or special standard
of care to Owner in connection with the Services contemplated by this Agreement, and Owner hereby confirms its understanding and agreement
to that effect. Without limiting the generality of the foregoing, Owner understands and agrees that, to the extent that Contractor or
any of its Related Parties may act as an agent of Owner, no fiduciary duty or other legal duty or obligation or special standard of care
imposed on an agent toward a principal or any other person shall be imposed on Contractor or any of its Related Parties by virtue of
any of Contractor or its Related Parties' entry into agreements as agent.

19. <u>Usury</u>. In no event shall the amount of interest due or
payable under this Agreement or the Guaranty exceed the maximum rate of interest allowed by Applicable Law and, in the event any such
payment is inadvertently paid by Owner or Guarantor or inadvertently received by Contractor, then such excess sum shall be credited as
a payment of principal or the primary obligations, unless Owner or Guarantor shall notify Contractor in writing that such Party elects
to have such excess sum returned to it forthwith. It is the express intent of the Parties that neither Owner nor Guarantor shall pay
and Contractor shall not receive, directly or indirectly, in any manner whatsoever, interest in excess of that which may be lawfully
paid by Owner or Guarantor under Applicable Law.

20. <u>Assignment</u>. No Party shall assign all or any part of
this Agreement, nor shall any Party assign any of its rights hereunder, without the prior written consent of the other Parties (which
consent may be withheld for any reason) and any assignment made without such consent shall be void. Subject to the foregoing, this Agreement
shall be binding upon and inure to the benefit of the Parties and their respective successors and assigns.

21. <u>Notices</u>. Except as otherwise provided in this Agreement,
all notices required or permitted to be given under this Agreement shall be in writing and shall be considered sufficiently given if
delivered by (a) hand, courier or overnight delivery service, (b) certified or registered mail, return receipt requested, or (c)
solely with respect to operational notices related to the Services or invoicing hereunder and as otherwise agreed to by Contractor, electronic
mail, upon the sender's receipt of an acknowledgment from the intended recipient, in each case addressed as follows, or to such
other address as a Party may designate by notice:

<u>If to Owner</u>:

Central Valley Renewable Fuels, LLC

c/o Grapevine Energy Holdings, LLC

6451 Rosedale Hwy

Bakersfield, CA 93308

Attention: General Counsel

<u>If to Contractor</u>:

CTCI Americas, Inc.

15721 Park Row, Suite 300

Houston, Texas 77084

Attention: Yu-Jen Chen, Chairman and CEO

Email: todd_chen@ctci.com

<u>If to Guarantor</u>:

Grapevine Energy Holdings, LLC

6451 Rosedale Hwy

Bakersfield, CA 93308

Attention: General Counsel

22. <u>Entire Agreement; Amendments.</u> This Agreement, together with the Holdco Term Financing Documents (as defined
 in the CTTIA) and the Guaranty, constitutes the entire agreement between the Parties with
 respect to the subject matter hereof and supersedes all prior and contemporaneous agreements
 and understandings, whether written or oral. This Agreement shall be construed as if drafted
 jointly by the Parties, and no presumption or burden of proof shall arise favoring or disfavoring
 any Party by virtue of the authorship of any provision of this Agreement. No amendment, modification,
 or waiver of any provision of this Agreement shall be effective unless set forth in a written
 instrument signed by both Parties.

23. <u>Further Assurances</u>. Each Party will execute and deliver,
or cause to be executed and delivered, such further agreements and instruments and take such other action as may be reasonably necessary
to effectuate the provisions, purposes and intents of this Agreement.

24. <u>Severability</u>. Any provision of this Agreement held to
be invalid, illegal or unenforceable in any jurisdiction shall, as to such jurisdiction, be ineffective to the extent of such invalidity,
illegality or unenforceability without affecting the validity, legality and enforceability of the remaining provisions hereof; and the
invalidity of a particular provision in a particular jurisdiction shall not invalidate such provision in any other jurisdiction.

25. <u>References</u>. Except as otherwise expressly provided, the
following rules of interpretation shall apply to this Agreement: (a) the definitions of terms herein shall apply equally to the singular
and plural forms of the terms defined; (b) whenever the context may require, any pronoun shall include the corresponding masculine, feminine
and neuter forms; (c) the words "include", "includes" and "including" shall be deemed to be followed
by the phrase "without limitation"; (d) the word "will" shall be construed to have the same meaning and effect
as the word "shall"; (e) unless the context requires otherwise, any definition of or reference to any agreement, instrument
or other document herein shall be construed as referring to such agreement, instrument or other document as from time to time amended,
supplemented or otherwise modified (subject to any restrictions on such amendments, supplements or modifications set forth herein or
therein) and shall include any appendices, schedules, exhibits, clarification letters and side letters executed in connection therewith;
(f) any reference herein to any Person shall be construed to include such Person's successors and assigns and, in the case of any
Governmental Authority, any Person succeeding to its functions and capacities; (g) the words "herein", "hereof"
and "hereunder", and words of similar import, shall be construed to refer to this Agreement in its entirety and not to any
particular provision and (h) all references herein to Sections and Schedules shall be construed to refer to Sections of, and Schedules
to, this Agreement.

26. <u>Waiver</u>. No failure or delay by either Party in exercising
any right, power, or remedy shall operate as a waiver thereof. Any waiver must be in writing and signed by the Party granting such waiver.

27. <u>Counterparts; Electronic Signatures</u>. This Agreement may
be executed in one or more counterparts (including by electronic signature and delivery), each of which shall be deemed an original and
all of which together shall constitute one and the same instrument. The words "execution," "execute", "signed,"
"signature," and words of like import in or related to any document to be signed in connection with this Agreement and the
transactions contemplated hereby (including without limitation amendments or other 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 Parties, 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.

[*Signature page follows*.]

IN WITNESS WHEREOF, the Parties have executed this Agreement as of the date first above written.

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| | |
|:---|:---|
| **<u>Owner:</u>** | **<u>Owner:</u>** |
| **Central Valley Renewable Fuels, LLC**, <br> a Delaware limited liability company | **Central Valley Renewable Fuels, LLC**, <br> a Delaware limited liability company |
| By: | /s/ Noah Verleun |
| Name: | Noah Verleun |
| Title: | Chief Executive Officer & President |

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Signature Page to Procurement, Operation & Maintenance Support Services<br> Agreement

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| | |
|:---|:---|
| **<u>Contractor</u>:** | **<u>Contractor</u>:** |
| **CTCI Americas, Inc.**, a Texas corporation | **CTCI Americas, Inc.**, a Texas corporation |
| By: | /s/ Todd Chen |
| Name: | Todd Chen |
| Title: | Chairman & CEO |

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Signature Page to Procurement, Operation & Maintenance Support Services<br> Agreement

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| | |
|:---|:---|
| **<u>Guarantor</u>:** | **<u>Guarantor</u>:** |
| **Grapevine Energy Holdings, LLC**,<br> a Delaware limited liability company | **Grapevine Energy Holdings, LLC**,<br> a Delaware limited liability company |
| By: | /s/ Noah Verleun |
| Name: | Noah Verleun |
| Title: | Chief Executive Officer & President |

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Signature Page to Procurement, Operation & Maintenance Support Services<br> Agreement

**<u>Exhibit A</u>**

**Form of Management Agreement**

**Management Agreement**

This Agreement dated [__] (this "**Agreement**") is between Central Valley Renewable Fuels, LLC, a Delaware limited liability company ("**Central Valley**"); CTCI Americas, Inc., a Texas corporation ("**CTCI**"); and [__], a [__] [__] (the "**Contractor**").

WHEREAS, Central Valley and the Contractor are parties to one or more agreements (the "**Deliverable Agreements**") for the delivery of goods and/or services by the Contractor to Central Valley (the "**Deliverables**") in connection with Central Valley's renewable fuels facility in Bakersfield, California (the "**Facility**"); and

WHEREAS, Central Valley has appointed CTCI to act on behalf of Central Valley for the purpose of managing the Deliverables, including reviewing and issuing purchase orders, invoices, and receipts and managing payments on Central Valley's behalf;

NOW THEREFORE, in consideration of the premises and for good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, the parties agree:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1. The Contractor will accept directions given by CTCI on behalf
of Central Valley in connection with the Deliverables, including purchase orders issued for the acquisition of Deliverables. At the request
of CTCI, the Contractor will issue invoices to CTCI for Deliverables, accept payments made by CTCI on account of Deliverables, issue
receipts to CTCI in connection with payments for Deliverables, and provide such other information to CTCI as it may from time-to-time
request on behalf of Central Valley.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2. Notwithstanding CTCI's services on behalf of Central Valley,
CTCI is not and will not be liable for any claims, causes of action, or obligations (collectively, the "**Claims**") arising
out of or relating to one or more of the following: (a) the Deliverable Agreements, (b) the Deliverables, (c) the Facility,
or (d) this Agreement. The Contractor shall have no recourse against CTCI for or in connection with any Claims and the Contractor
irrevocably waives, releases, acquits, and forever discharges CTCI, together with CTCI's subsidiaries, affiliates, directors, officers,
employees, agents, successors, and assigns (collectively, the "**CTCI Parties** "), from and against any and all Claims,
whether known or unknown, suspected or unsuspected, foreseen or unforeseen, that the Contractor now has, ever has had, or hereafter may
have against any of the CTCI Parties arising out of or relating to the matters described in <u>clauses (a)</u> through <u>(d)</u> above.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3. This Agreement and all matters arising out of or relating to
this Agreement are governed by, and construed in accordance with, the laws of the State of California. This Agreement contains the entire
understanding of the parties with respect to its subject matter and supersedes all prior and contemporaneous written or oral understandings,
agreements, representations, and warranties with respect to such subject matter. This Agreement may be executed electronically or manually
and in counterparts.

\* \* \*

Exhibit A to Procurement, Operation & Maintenance Support Services<br> Agreement

IN WITNESS WHEREOF, the parties have signed this Agreement.

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| | |
|:---|:---|
| CENTRAL VALLEY<br> RENEWABLE FUELS, LLC | CTCI AMERICAS, INC. |
| By: | By: |
| Name: | Name: |
| Title: | Title: |

---

[CONTRACTOR]

By:   <br> Name: <br> Title:

Exhibit A to Procurement, Operation & Maintenance Support Services<br> Agreement

**<u>Exhibit B</u><br>Guaranty**

Pursuant to <u>Section 12</u> of this Agreement, for valuable consideration, the receipt and adequacy of which are hereby acknowledged, Guarantor hereby guarantees to Contractor the prompt payment and performance of the Guaranteed Obligations, this Guaranty being upon the following terms and conditions.

**1. Payment**. Guarantor hereby unconditionally and irrevocably guarantees to Contractor, as a guaranty of payment and not merely as a guaranty of collection, prompt payment when due, whether at stated maturity, by required prepayment, by lapse of time, by acceleration of maturity, demand or otherwise, and at all times thereafter, of the Guaranteed Payment Obligations (as defined below). This Guaranty covers the Guaranteed Payment Obligations, whether presently outstanding or arising subsequent to the date hereof, including all amounts advanced by Contractor in stages or installments. The guaranty of Guarantor as set forth in this ***Section 1*** is a continuing guaranty of payment and not a guaranty of collection. Guarantor acknowledges and agrees that Guarantor may be required to pay and perform the Guaranteed Payment Obligations in full without assistance or support from Owner or any other party. Guarantor agrees that if all or any part of the Guaranteed Payment Obligations shall not be punctually paid when due, whether on the scheduled payment date, by lapse of time, by acceleration of maturity or otherwise, Guarantor shall immediately pay the amount due on the Guaranteed Payment Obligations to Contractor as set forth in this Agreement. As used herein, the following terms have the following meanings: (i) "***Guaranteed Obligations***" means the Guaranteed Payment Obligations and the Guaranteed Performance Obligations; (ii) "***Guaranteed Payment Obligations***" means all (a) obligations under this Agreement, including, without limitation, Direct Costs, O&F, and any and all pre- and post-maturity interest thereon (including post-petition interest and expenses (including attorneys' fees), if Owner is the debtor in a bankruptcy proceeding under a Bankruptcy, whether or not allowed under Bankruptcy laws), (b) obligations of Owner to Contractor under any documents evidencing, securing, governing and/or pertaining to all or any part of the obligations described in ***clause (a)*** above, (c) costs and expenses incurred by Contractor in connection with the collection and administration of all or any part of the obligations described in ***(a)*** and ***(b)*** above or the protection or preservation of, or realization upon, the collateral securing all or any part of such obligations, including, without limitation, all attorneys' fees, and (d) renewals, extensions, modifications and rearrangements of the obligations described in ***(a)***, ***(b)*** and ***(c)*** above; and (iii) "***Guaranteed Performance Obligations***" means all of the obligations of Owner under this Agreement other than an obligation to pay money.

**2. Performance**. Guarantor hereby unconditionally and irrevocably guarantees to Contractor the timely performance of the Guaranteed Performance Obligations, and not merely as a guaranty of collection.

**3. Primary Liability of Guarantor**.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) This Guaranty is an absolute, irrevocable and unconditional guaranty of payment and performance. Guarantor is and shall be liable for the payment and performance of the Guaranteed Obligations, as set forth in this Guaranty, as a primary obligor.

Exhibit B to Procurement, Operation & Maintenance Support Services<br> Agreement

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) In the event of default in payment or performance of the Guaranteed Obligations, or any part thereof, when such Guaranteed Obligations become due, whether by their terms, by acceleration, or otherwise, Guarantor shall promptly pay the amount due thereon to Contractor without notice or demand of any kind or nature, in lawful money of the United States of America or perform the obligations to be performed hereunder, and it shall not be necessary for Contractor in order to enforce such payment and performance by Guarantor first, or contemporaneously, to institute suit or exhaust remedies against Owner or any other Person liable on the Guaranteed Obligations, or to enforce any rights, remedies, powers, privileges or benefits of Contractor against any collateral or any other security or collateral which shall ever have been given to secure the Guaranteed Obligations.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) Suit may be brought or demand may be made against Guarantor without impairing the rights of Contractor against Guarantor. Any time that Contractor is entitled to exercise its rights or remedies hereunder, Contractor may in its sole discretion elect to demand payment and/or performance. If Contractor elects to demand performance, then it shall at all times thereafter have the right to also demand payment until all of the Guaranteed Obligations have been paid and performed in full. If Contractor elects to demand payment, then it shall at all times thereafter have the right to also demand performance until all of the Guaranteed Obligations have been paid and performed in full.

**4. Other Guaranteed Obligations**. If Guarantor becomes liable for any indebtedness owing by Owner to Contractor by endorsement or otherwise, other than under this Guaranty, such liability shall not in any manner be impaired or affected hereby, and the rights and remedies hereunder shall be cumulative of any and all other rights and remedies that Contractor may ever have against Guarantor. The exercise by Contractor of any right or remedy hereunder or under any other instrument, or at law or in equity, shall not preclude the concurrent or subsequent exercise of any other right or remedy by Contractor.

**5. Waiver of Subrogation**. Notwithstanding anything to the contrary contained herein, until the Guaranteed Obligations and any amounts payable under this Guaranty have been indefeasibly paid and performed in full and any commitments of Contractor with respect to the Guaranteed Obligations are terminated, Guarantor waives to the extent permitted by applicable law any right of subrogation, reimbursement, indemnification or contribution arising from the existence or performance of this Guaranty or this Agreement. This waiver is given to induce Contractor to advance Direct Costs under this Agreement.

**6. Subordinated Debt**. All indebtedness, liabilities, and obligations of Owner or its Affiliates to Guarantor (the "***Subordinated Debt***") now or hereafter existing, due or to become due to Guarantor, or held or to be held by Guarantor, whether created directly or acquired by assignment or otherwise, and whether evidenced by written instrument or not, shall be expressly subordinated to the Guaranteed Obligations. Until such time as the Guaranteed Obligations are paid and performed in full and this Agreement has been terminated, Guarantor agrees not to receive or accept any payment from Owner with respect to the Subordinated Debt at any time a default under this Agreement exists before or after giving effect thereto; and, in the event Guarantor receives any payment on the Subordinated Debt in violation of the foregoing, Guarantor will hold any such payment in trust for Contractor and forthwith turn it over to Contractor in the form received, to be applied to the Guaranteed Obligations, but without reducing or affecting in any manner the liability of the Guarantor under this Guaranty.

Exhibit B to Procurement, Operation & Maintenance Support Services<br> Agreement

**7. Obligations Not to be Diminished**. Guarantor hereby agrees that its obligations under this Guaranty shall not be released, discharged, diminished, impaired, reduced, or affected for any reason or by the occurrence of any event, including, without limitation, one or more of the following events, whether or not with notice to or the consent of Guarantor: (a) the taking or accepting of collateral as security for any or all of the Guaranteed Obligations or the release, surrender, exchange, or subordination of any collateral now or hereafter securing any or all of the Guaranteed Obligations; (b) any partial release of the liability of Owner or the full or partial release of any other guarantor or obligor from liability for any or all of the Guaranteed Obligations; (c) the dissolution, insolvency, or bankruptcy of Owner, any other guarantor, or any other party at any time liable for the payment of any or all of the Guaranteed Obligations; (d) any renewal, extension, modification, waiver, amendment, or rearrangement of any or all of the Guaranteed Obligations or any instrument, document, or agreement evidencing, securing, or otherwise relating to any or all of the Guaranteed Obligations; (e) any adjustment, indulgence, forbearance, waiver, or compromise that may be granted or given by Contractor to Owner, Guarantor, or any other party ever liable for any or all of the Guaranteed Obligations; (f) any neglect, delay, omission, failure, or refusal of Contractor to take or prosecute any action for the collection of any of the Guaranteed Obligations or to foreclose or take or prosecute any action in connection with any instrument, document, or agreement evidencing, securing, or otherwise relating to any or all of the Guaranteed Obligations; (g) the unenforceability or invalidity of any or all of the Guaranteed Obligations or of any instrument, document, or agreement evidencing, securing, or otherwise relating to any or all of the Guaranteed Obligations; (h) any payment by Owner or any other party to Contractor is held to constitute a preference under applicable bankruptcy or insolvency law or if for any other reason Contractor is required to refund any payment or pay the amount thereof to someone else; (i) the settlement or compromise of any of the Guaranteed Obligations; (j) the non-perfection of any security interest or lien securing any or all of the Guaranteed Obligations; (k) any impairment of any collateral securing any or all of the Guaranteed Obligations; (l) the failure of Contractor to sell any collateral securing any or all of the Guaranteed Obligations in a commercially reasonable manner or as otherwise required by law; (m) any change in the corporate, partnership, or limited liability company, as applicable, existence, structure, or ownership of Owner; or (n) any other circumstance which might otherwise constitute a defense available to, or discharge of, Owner or Guarantor.

**8. Waivers**. Guarantor waives for the benefit of Contractor: (a) any right to revoke this Guaranty with respect to future obligations; (b) any right to require Contractor to do any of the following before Guarantor is obligated to pay the Guaranteed Obligations or before Contractor may proceed against Guarantor: (i) sue or exhaust remedies against Owner or any other guarantors or obligors; (ii) sue on an accrued right of action in respect of any of the Guaranteed Obligations or bring any other action, exercise any other right, or exhaust all other remedies or (iii) enforce rights against Owner's assets or any collateral pledged by Owner to secure the Guaranteed Obligations; (c) any right relating to the timing, manner, or conduct of Contractor's enforcement of rights against Owner's assets or any collateral pledged by Owner to secure the Guaranteed Obligations; (d) any right to require Contractor to proceed first against any collateral before proceeding against any collateral pledged by Guarantor; (e) except as expressly required hereby, promptness, diligence, notice of any default under the Guaranteed Obligations, notice of acceleration or intent to accelerate, demand for payment, notice of acceptance of this Guaranty, presentment, notice of protest, notice of dishonor, notice of the incurring by Owner of additional indebtedness, notice of any suit or other action by Contractor against Owner or any other Person, any notice to any Person liable for the obligation which is the subject of the suit or action, and all other notices and demands with respect to the Guaranteed Obligations and this Guaranty; (f) any and all other defenses or benefits that may be derived from or afforded by applicable law limiting the liability of or exonerating guarantors or sureties, other than the defense that the Guaranteed Payment Obligations has been fully performed and indefeasibly paid in full in cash; (g) (i) any principles or provisions of law, statutory, or otherwise, which are or might be in conflict with the terms hereof and any legal or equitable discharge of Guarantor's obligations hereunder, (ii) the benefit of any statute of limitations affecting Guarantor's liability hereunder or the enforcement hereof, including, without limitation, any rights arising under Section 359.5 of the California Code of Civil Procedure; and (iii) any requirement that Contractor protect, secure, perfect or insure any security interest or Lien or any property subject thereto; (h) to the fullest extent permitted by law, all rights and benefits under Section 2809 of the California Civil Code or any other statute or rule of law or judicial decision purporting to reduce a guarantor's obligation in proportion to the principal obligation; (i) to the fullest extent permitted by law, all rights and benefits and defenses which might otherwise be available to such Guarantor under California Civil Code Sections 2787 - 2855 inclusive, 2899 and 3433, or under California Code of Civil Procedure Sections 580a, 580b, 580d and 726, or any of such sections or under any other applicable law; (j) any right it might otherwise have under Section 2822 of the California Civil Code or similar law or otherwise to have Owner designate the portion of any such obligation to be satisfied in the event that Owner provides partial satisfaction of such obligation; (k) all rights and defenses arising out of an election of remedies by Contractor even though that election of remedies has destroyed Guarantor's rights of subrogation and reimbursement against Owner or any other Person and (l) each of the foregoing rights or defenses regardless whether they arise under common law, in equity, under contract, by statute, or otherwise.

Exhibit B to Procurement, Operation & Maintenance Support Services<br> Agreement

This Guaranty shall not be affected by the genuineness, validity, regularity or enforceability of the Guaranteed Payment Obligations or any instrument or agreement evidencing any Guaranteed Payment 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 Guaranteed Payment Obligations which might otherwise constitute a defense to the obligations of the Guarantor under this Guaranty, and the Guarantor hereby irrevocably waives any defenses it may now have or hereafter acquire in any way relating to any or all of the foregoing.

**9. Insolvency**. Should Guarantor become insolvent, or fail to pay its debts generally as they become due, or voluntarily seek, consent to, or acquiesce in the benefit or benefits of any Bankruptcy law, or become a party to (or be made the subject of) any proceeding provided for by any Bankruptcy law (other than as a creditor or claimant) that could suspend or otherwise adversely affect the rights and remedies of Contractor granted hereunder, then, in any such event, the Guaranteed Obligations shall be, as between Guarantor and Contractor, a fully matured, due, and payable obligation of Guarantor to Contractor (without regard to whether Owner is then in default under this Agreement or whether the Guaranteed Obligations, or any part thereof is then due and owing by Owner to Contractor), payable in full by Guarantor to Contractor upon demand, which shall be the estimated amount owing in respect of the contingent claim created hereunder.

**10. Termination; Reinstatement**. Guarantor's obligations hereunder shall remain in full force and effect until this Agreement has terminated and the Guaranteed Obligations have been paid and performed in full. If at any time any amount payable by Owner under this Agreement is rescinded or must be otherwise restored or returned upon the insolvency, bankruptcy, or reorganization of Owner or otherwise, then Guarantor's obligations hereunder with respect to such payment shall be reinstated as though such payment had been due but not made at such time.

**11. Stay of Acceleration**. Should Owner voluntarily seek, consent to, or acquiesce in the benefit or benefits of any Bankruptcy law, or become a party to (or be made the subject of) any proceeding provided for by any Bankruptcy law (other than as a creditor or claimant), all Guaranteed Obligations shall nonetheless be payable by Guarantor immediately if requested by Contractor.

**12. Successors and Assigns**. This Guaranty is for the benefit of Contractor and its successors and assigns, and, in the event of an assignment of the Guaranteed Obligations in accordance with the provisions of this Agreement, or any part thereof, the rights and remedies hereunder may be transferred with such obligations. This Guaranty is binding on Guarantor and each of their respective successors and permitted assigns; *provided that*, no Guarantor may assign its obligations under this Guaranty without obtaining the prior written consent of Contractor, and any assignment purported to be made without the prior written consent of Contractor shall be null and void.

**13. Time of Essence**. Time shall be of the essence in this Guaranty with respect to all of Guarantor's obligations hereunder.

**14. Holdo Term Secured Obligations.** The Guaranteed Obligations are "Holdco Term Secured Obligations" that are secured pursuant to that certain Pledge and Security Agreement dated as of the date hereof between Guarantor, as grantor, and Orion Energy Partners TP Agent, LLC, as collateral agent for Contractor and the other Holdco Term Secured Parties thereunder (as amended).

**15. Agreement.** ThIS GUARANTY And all of the terms hereof are incorporated into this agreement and the terms of this agreement (including but not limited to sections 15 through 22 hereof) shall apply to this guaranty the same as if stated verbatim in this exhibit b, and Guarantor agrees that contractor may exercise any and all rights granted to it under this agreement without affecting the validity or enforceability of this Guaranty. The terms of this Guaranty are subject to the CTTIA. To the extent any provision of this Guaranty conflicts with any provision of the CTTIA (including, without limitation, with respect to enforcement rights or remedies), the terms of the CTTIA shall govern.

Exhibit B to Procurement, Operation & Maintenance Support Services<br> Agreement

**<u>Schedule I</u><br>Services**

1. <u>Administrative Services</u>

Contractor will provide certain administrative services as reasonably requested by Owner, including, but not limited to:

● issuing purchase orders or soliciting and presenting bids from Third Party vendors at Owner's request, in each case for supplying the Facility with necessary equipment, spare parts and other supplies (other than those materials that are not Contractor's obligation to provide pursuant to <u>Section 2.2</u>) and procuring any such supplies pursuant to bids approved by Owner;

● taking an assignment of purchase orders and making payments on associated invoices on behalf of Owner, with Contractor's obligations strictly limited to payment obligations expressly assumed by Contractor;

● facilitating payment of subcontractor invoices that are approved by Owner;

● assisting Owner, at Owner's request, with identifying, clarifying, and resolving any discrepancies, deficiencies, or other concerns with respect to Service Contract Invoices that were not approved by Owner, including engaging in communications with the applicable subcontractor or vendor, obtaining additional supporting documentation, and coordinating any revisions that may be necessary to render the Service Contract Invoice acceptable to Owner;

● facilitating the submission of work reports by subcontractors to Owner to aid and support Owner's audit and inspection of the services performed by subcontractors under the Service Contracts;

● notifying Owner in the event that any subcontractor delivers notice to Contractor terminating its Service Contract for any reason; and

● carrying out Owner's directives regarding the general oversight of certain subcontractors, including, but not limited to, (a) Entara, (b) Brand, (c) Bragg and (d) other subcontractors as mutually agreed upon, including, in each case, any of their respective successors and assigns.

2. <u>Engineering and Maintenance Services</u>

● Contractor may provide, in Contractor's discretion, certain engineering, maintenance and other support services as reasonably requested by Owner pursuant to an agreed upon and executed work order in form and substance satisfactory to Contractor; provided that, Contractor shall have no obligation to engage in or perform any construction related services.

Schedule I to Procurement, Operation & Maintenance Support Services<br> Agreement

**<u>Schedule II</u><br>Existing Service Contracts**

[\*\*\*]

Schedule II to Procurement, Operation & Maintenance Support Services<br> Agreement

**<u>Schedule III</u>**

**Owner Insurance<br>[\*\*\*]**

Schedule IV to Procurement, Operation & Maintenance Support Services<br> Agreement

**<u>Exhibit A</u><br>Effective Date Invoice**

[\*\*\*]

Exhibit A to Procurement, Operation & Maintenance Support Services<br> Agreement

## Exhibit 99.1

**Exhibit 99.1**

**IN THE UNITED STATES BANKRUPTCY COURT<br> FOR THE SOUTHERN DISTRICT OF TEXAS<br> houston DIVISION**

---

| |
|:---|
| Chapter 11 |
| Case No. 25-90113 (ARP) |
| (Jointly Administered) |

---

**ORDER CONFIRMING THE<br> SECOND AMENDED JOINT CHAPTER 11 PLAN OF REORGANIZATION<br> OF GLOBAL CLEAN ENERGY HOLDINGS, INC. AND ITS DEBTOR AFFILIATES**

The above-captioned debtors and debtors in possession (collectively, the "<u>Debtors</u>") having:<sup>2</sup>

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;a. entered into that certain Restructuring Support Agreement, dated as of April 16, 2025 (as may
be amended, modified, or supplemented from time to time in accordance with its terms, the " <u>RSA</u> ");

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;b. commenced, on April 16, 2025 (the " <u>Petition Date</u> "), these chapter 11 cases (the " <u>Chapter 11 Cases</u> ") by filing voluntary petitions in the United States Bankruptcy Court for the Southern District of Texas (the " <u>Bankruptcy Court</u> ") for relief under chapter 11 of title 11 of the United States Code (the " <u>Bankruptcy Code</u> "), the Federal
Rules of Bankruptcy Procedure (the " <u>Bankruptcy Rules</u> "), and the Bankruptcy Local Rules of the United States Bankruptcy
Court for the Southern District of Texas (the " <u>Bankruptcy Local Rules</u> ");

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;c. Filed, <sup>3</sup> on April 16, 2025, the *Declaration of Noah Verleun, Chief Executive Officer of Global Clean Energy Holdings, Inc., in Support of the Debtors' Chapter 11 Petitions* [Docket
 No. 2] and the *Declaration of John Walsh, Managing Director of Alvarez & Marsal North America, LLC, in Support of the Debtors' First Day Motions* [Docket No. 3], detailing
 the facts and circumstances of these Chapter 11 Cases;

<sup>1</sup> A complete list of each of the Debtors in these chapter 11 cases may be obtained on the website of the Debtors' claims and noticing agent at <u>https://dm.epiq11.com/GCEHoldings</u>. The location of Debtor Global Clean Energy Holdings, Inc.'s principal place of business and the Debtors' service address in these chapter 11 cases is: 6451 Rosedale Highway, Bakersfield, California 93308.

<sup>2</sup> Capitalized terms used but not otherwise defined in these findings of fact, conclusions of law, and order (collectively, this "<u>Confirmation Order</u>") have the meanings ascribed to them in the Plan (as defined herein). The rules of interpretation set forth in Article I.B of the Plan apply to this Confirmation Order.

<sup>3</sup> Unless otherwise indicated, use of the term "<u>Filed</u>" herein refers also to the service of the applicable document filed on the docket in these Chapter 11 Cases, as applicable.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;d. continued to operate their businesses and manage their properties as debtors in possession in accordance
with sections 1107(a) and 1108 of the Bankruptcy Code;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;e. Filed, on April 16, 2025, the *Joint Chapter 11 Plan of Reorganization of Global Clean Energy Holdings, Inc. and its Debtor Affiliates* [Docket No. 23] and the *Disclosure Statement for the Joint Chapter 11 Plan of Reorganization of Global Clean Energy Holdings, Inc. and its Debtor Affiliates* [Docket No. 22];

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;f. Filed, on April 16, 2025, the *Debtors' Motion for Entry of an Order (I) Approving the Adequacy of the Disclosure Statement, (II) Approving the Solicitation and Notice Procedures with Respect to Confirmation of the Debtors' Proposed Joint Chapter 11 Plan, (III) Approving the Forms of Ballots and Notices in Connection Therewith, (IV) Scheduling Certain Dates with Respect Thereto, and (V) Granting Related Relief* [Docket No. 21] (the " <u>Disclosure Statement Motion</u> ");

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;g. Filed, on May 28, 2025, the *Amended Joint Chapter 11 Plan of Reorganization of Global Clean Energy Holdings, Inc. and its Debtor Affiliates* [Docket No 214] and the *Disclosure Statement for the Amended Joint Chapter 11 Plan of Reorganization of Global Clean Energy Holdings, Inc. and its Debtor Affiliates* [Docket No. 215];

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;h. obtained, on May 29, 2025, entry of the *Order (I) Approving the Adequacy of the Disclosure Statement, (II) Approving the Solicitation and Notice Procedures with Respect to Confirmation of the Debtors' Proposed Plan of Reorganization, (III) Approving the Forms of Ballots and Notices in Connection Therewith, (IV) Scheduling Certain Dates with Respect Thereto, and (V) Granting Related Relief* [Docket No. 227] (the " <u>Disclosure Statement Order</u> "), approving the Disclosure Statement
and approving: (i) the related solicitation and voting procedures (the " <u>Solicitation and Voting Procedures</u> "); (ii)
the notice of the hearing to be held to consider Confirmation of the Plan (the " <u>Confirmation Hearing</u>," and such notice,
the " <u>Confirmation Hearing Notice</u> "); (iii) the notices of non-voting status (the " <u>Non-Voting Status Notices</u> ")
and the form for opting out of the Third-Party Release (the " <u>Opt-Out Form</u> "); (iv) the ballots (the " <u>Ballots</u> ");
(v) the Voting Record Date; (vi) the cover letter; (vii) the Committee solicitation letter; (viii) the solicitation materials and
documents included in the solicitation packages (the " <u>Solicitation Packages</u> "); (ix) the notice of the filing of
the Plan Supplement (as defined herein); and (x) other forms, notices, and dates and deadlines;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;i. caused the Solicitation Packages, including the Confirmation Hearing Notice, to be distributed on or about
June 3, 2025, in accordance with the Bankruptcy Code, the Bankruptcy Rules, the Bankruptcy Local Rules, the *Procedures for Complex Chapter 11 Bankruptcy Cases* for the United States Bankruptcy Court for the Southern District of Texas, the Disclosure Statement
Order, and the Solicitation and Voting Procedures, as evidenced by the *Certificate of Service of Solicitation Documents* [Docket
No. 255] (together with all the exhibits thereto, the " <u>Solicitation Affidavit</u> ");

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;j. caused the Confirmation Hearing Notice to be published in *The New York Times* on June 5, 2025 and *The New York Times* (international edition) on June 10, 2025, each as evidenced by the respective *Proof of Publication* [Docket
Nos. 281 & 282] (the " <u>Publication Affidavits</u>," and together with the Solicitation Affidavit, the " <u>Affidavits</u> ");

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;k. Filed, on July 3, 2025, the *Second Amended Joint Chapter 11 Plan of Reorganization of Global Clean Energy Holdings, Inc. and its Debtor Affiliates* [Docket No. 301] (as may be amended, modified, or supplemented from time to time,
the " <u>Plan</u> "), attached hereto as  **<u>Exhibit A</u>** ;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;l. Filed, on July 3, 2025, the letter from the Committee whereby the Committee provided notice to Holders
of General Unsecured Claims of the Committee's (i) support of the Plan and (ii) recommendation to such Holders to vote to accept
the Plan and not opt out of the Third-Party Releases [Docket No. 302];

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;m. Filed, on July 7, 2025, the *Notice of Filing of Plan Supplement* [Docket No. 304] (the " <u>Initial Plan Supplement</u> ");

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;n. Filed, on July 15, 2025, the *Notice of Filing of First Amended Plan Supplement* [Docket No. 316]
(the " <u>First Amended Plan Supplement</u> ");

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;o. Filed, on July 24, 2025, the *Notice of Filing of Second Amended Plan Supplement* [Docket No. 335]
(the " <u>Second Amended Plan Supplement</u> ");

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;p. Filed on, July 26, 2025, the *Notice of Filing of Third Amended Plan Supplement* [Docket No. 337]
(and as may be amended, supplemented, or otherwise modified from time to time, the " <u>Third Amended Plan Supplement</u>,"
and together with the Initial Plan Supplement, the First Amended Plan Supplement, and the Second Amended Plan Supplement, the " <u>Plan Supplement</u>," and which, for purposes of the Plan and this Confirmation Order, is included in the definition of " <u>Plan</u> ");

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;q. Filed, on July 27, 2025, the *Declaration of Todd Arden in Support of Confirmation of the Second Amended Joint Chapter 11 Plan of Reorganization of Global Clean Energy Holdings, Inc. and its Debtor Affiliates* [Docket No. 340] (the " <u>Arden Declaration</u> ");

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;r. Filed, on July 27, 2025, the *Declaration of Christian Tempke in Support of Confirmation of the Second Amended Joint Chapter 11 Plan of Reorganization of Global Clean Energy Holdings, Inc. and its Debtor Affiliates* [Docket No. 341] (the " <u>Tempke Declaration</u> ");

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;s. Filed, on July 27, 2025, the *Declaration of Pablo Hernandez Schmidt-Tophoff in Support of Confirmation of the Second Amended Joint Chapter 11 Plan of Reorganization of Global Clean Energy Holdings, Inc. and its Debtor Affiliates* [Docket
No. 339] (the " <u>Hernandez Declaration</u> ");

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;t. Filed, on July 24, 2025, the *Declaration of Stephenie Kjontvedt of Epiq Corporate Restructuring, LLC Regarding the Solicitation and Tabulation of Votes Cast on the Amended Joint Chapter 11 Plan of Reorganization of Global Clean Energy Holdings, Inc. and its Debtor Affiliates* [Docket No. 334] (the " <u>Voting Report</u> ");

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;u. Filed, on July 27, 2025, the *Declaration of John Walsh, Managing Director of Alvarez & Marsal North America, LLC, in Support of Confirmation of the Second Amended Joint Chapter 11 Plan of Reorganization of Global Clean Energy Holdings, Inc. and its Debtor Affiliates* [Docket No. 342] (together with the Arden Declaration, the Tempke Declaration, the Hernandez Declaration,
and the Voting Report, the " <u>Confirmation Declarations</u> "); and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;v. Filed, on July 27, 2025, the *Debtors' Memorandum of Law in Support of Confirmation of the Second Amended Joint Chapter 11 Plan of Global Clean Energy Holdings, Inc. and its Debtor Affiliates and Omnibus Reply to Objections Thereto* [Docket No. 343] (the " <u>Confirmation Brief</u> ").

This Bankruptcy Court having:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;a. entered, on May 28, 2025, the Disclosure Statement Order approving, among other things, the Disclosure
Statement as containing "adequate information" pursuant to section 1125 of the Bankruptcy Code;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;b. set July 14, 2025, at 4:00 p.m. (prevailing Central Time), as the deadline for relevant parties to vote
on the Plan (the " <u>Voting Deadline</u> ");

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;c. set July 14, 2025, at 4:00 p.m. (prevailing Central Time), as the deadline for Filing objections to confirmation
of the Plan;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;d. set July 22, 2025, at 9:00 a.m. (prevailing Central Time), as the date and time for the Confirmation Hearing,
pursuant to sections 1125, 1126, 1128, and 1129 of the Bankruptcy Code and Bankruptcy Rules 3017 and 3018, as set forth in the Disclosure
Statement Order;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;e. reviewed the (i) Plan, (ii) the Disclosure Statement, (iii) the Disclosure Statement Motion, (iv) the
Disclosure Statement Order, (v) the Solicitation Packages, (vi) the Plan Supplement, (vii) the Confirmation Brief, (viii) the Confirmation
Declarations, (ix) the Affidavits, (x) the Confirmation Hearing Notice, and (xi) all Filed pleadings, exhibits, statements, responses,
and comments regarding confirmation of the Plan, including all objections, joinders, statements, and reservations of rights;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;f. considered the Restructuring Transactions incorporated and described in the Plan, including the Plan Supplement;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;g. held the Confirmation Hearing on July 28, 2025, at 9:00 a.m. (prevailing Central Time);

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;h. heard the statements and arguments made by counsel in respect of Confirmation;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;i. considered all oral representations, testimony, documents, filings, exhibits, and other evidence regarding
Confirmation;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;j. overruled (i) any and all objections to the Plan and to Confirmation, except as otherwise provided herein
or stated or indicated on the record, and (ii) all statements and reservations of rights not consensually resolved or withdrawn, unless
otherwise indicated; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;k. taken judicial notice of all pleadings and other documents Filed, all orders entered, and all evidence
and arguments presented in these Chapter 11 Cases.

NOW, THEREFORE, it appearing to the Bankruptcy Court that the Confirmation Hearing Notice and the opportunity for any party in interest to object to Confirmation of the Plan having been adequate and appropriate as to all parties affected or to be affected by the Plan and the transactions contemplated thereby, and the legal and factual bases set forth in the documents Filed in support of Confirmation of the Plan and other evidence presented at the Confirmation Hearing establish just cause for the relief granted herein; and after due deliberation thereon and good cause appearing therefor, the Bankruptcy Court makes and issues the following findings of fact and conclusions of law, and orders:

**<u>FINDINGS OF FACT AND CONCLUSIONS OF LAW</u>**

IT IS DETERMINED, FOUND, ADJUDGED, DECREED, AND ORDERED THAT:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;A. Findings and Conclusions.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1. The findings and conclusions set forth herein and in the record of the Confirmation Hearing constitute the Bankruptcy Court's findings of fact and conclusions of Law under Rule 52 of the Federal Rules of Civil Procedure, as made applicable herein by Bankruptcy Rules 7052 and 9014. Any findings of fact and conclusions of Law announced by the Bankruptcy Court at the Confirmation Hearing are hereby incorporated in this Confirmation Order. To the extent any of the following conclusions of Law constitute findings of fact, or vice versa, they are adopted as such.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;B. Jurisdiction, Venue, and Core Proceeding.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2. This Bankruptcy Court has jurisdiction over these Chapter 11 Cases and the parties and property affected hereby pursuant to 28 U.S.C. § 1334. Consideration of whether the Plan complies with the applicable provisions of the Bankruptcy Code constitutes a core proceeding as defined in 28 U.S.C. § 157(b)(2). This Bankruptcy Court may enter a Final Order consistent with Article III of the United States Constitution. Venue is proper in this district pursuant to sections 1408 and 1409 of title 28 of the United States Code.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;C. Eligibility for Relief.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3. The Debtors were and are Entities eligible for relief under section 109 of the Bankruptcy Code, and the Debtors are proper proponents of the Plan under section 1121(a) of the Bankruptcy Code.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;D. Commencement and Joint Administration of these Chapter 11 Cases.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4. On the Petition Date, each of the Debtors commenced a voluntary case under chapter 11 of the Bankruptcy Code. In accordance with the *Order (I) Directing Joint Administration of the Debtors' Chapter 11 Cases and (II) Granting Related Relief* [Docket No. 27], these Chapter 11 Cases have been consolidated for procedural purposes only and are being jointly administered pursuant to Bankruptcy Rule 1015. Since the Petition Date, the Debtors have operated their businesses and managed their properties as debtors in possession pursuant to sections 1107(a) and 1108 of the Bankruptcy Code. No trustee or examiner has been appointed in these Chapter 11 Cases.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;E. Appointment of the Committee.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5. On April 28, 2025, the U.S. Trustee appointed the official committee of unsecured creditors (the "<u>Committee</u>") to represent the interests of the Debtors' unsecured creditors in these Chapter 11 Cases [Docket Nos. 85 & 87]. The current members of the Committee are: (a) Trinity Safety Company; (b) Bragg Companies; (c) J.T. Thorpe & Son, Inc.; (d) Molecule; and (e) Castleton Commodities Merchant Trading L.P.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;F. Plan Supplement.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6. The Debtors Filed the Initial Plan Supplement on July 7, 2025, the First Amended Plan Supplement on July 15, 2025, the Second Amended Plan Supplement on July 24, 2025, and the Third Amended Plan Supplement on July 26, 2025. The Plan Supplement contains the following documents (each as defined in the Plan): (a) the Schedule of Assumed Executory Contracts and Unexpired Leases; (b) the Schedule of Rejected Executory Contracts and Unexpired Leases; (c) the Schedule of Retained Causes of Action; (d) the New Organizational Documents; (e) the Exit Facilities Documents; (f) the Restructuring Transactions Memorandum; (g) the GUC Trust Agreement; (h) the Earn Out Agreement; and (i) to the extent known, the identity of the members of the New Board. The Plan Supplement (including as subsequently amended, supplemented, or otherwise modified from time to time in accordance with the Plan) complies with the Bankruptcy Code and the terms of the Plan, and the Debtors provided good and proper notice of the Filing of the Plan Supplement in accordance with the Disclosure Statement Order, the Bankruptcy Code, the Bankruptcy Rules, the Bankruptcy Local Rules, and all other applicable rules, Laws, and requirements. No other or further notice will be required with respect to the Plan Supplement or any of the documents contained therein or related thereto, unless any such documents are further modified subject to the terms of the Plan. All documents included in the Plan Supplement are integral to, part of, and incorporated by reference into the Plan. Subject to the terms of the Plan, and only consistent therewith, the Debtors reserve the right to alter, amend, update, or modify the Plan Supplement and any of the documents contained therein or related thereto on or before the Effective Date; *provided*, for the avoidance of doubt, any amendments to the GUC Trust Agreement and the Earn Out Agreement shall be reasonably acceptable to the Committee.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;G. Modifications to the Plan.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7. Pursuant to section 1127 of the Bankruptcy Code, the modifications to the Plan described or set forth in this Confirmation Order constitute technical or clarifying changes, changes with respect to particular Claims by agreement with Holders of such Claims, or modifications that do not otherwise materially and adversely affect or change the treatment of any other Claim or Interest under the Plan. These modifications are consistent with the disclosures previously made pursuant to the Disclosure Statement and the Solicitation Packages served pursuant to the Disclosure Statement Order and notice of these modifications was adequate and appropriate under the facts and circumstances of these Chapter 11 Cases. The disclosure of any Plan modifications prior to or on the record at the Confirmation Hearing constitutes due and sufficient notice of any and all Plan modifications. In accordance with Bankruptcy Rule 3019, these modifications do not require additional disclosure under section 1125 of the Bankruptcy Code or the resolicitation of votes on the Plan under section 1126 of the Bankruptcy Code, and they do not require that Holders of Claims be afforded an opportunity to change previously cast votes accepting or rejecting the Plan. Accordingly, the Plan is properly before this Bankruptcy Court, and all votes cast with respect to the Plan prior to such modifications shall be binding and shall apply with respect to the Plan.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;H. Objections Overruled.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;8. Any resolution or disposition of objections to Confirmation explained or otherwise ruled upon by the Bankruptcy Court on the record at the Confirmation Hearing are hereby incorporated by reference, and such objections are hereby resolved or overruled as set forth in this Confirmation Order. All unresolved objections, statements, joinders, informal objections, and reservations of rights, if any, are hereby overruled on the merits (except in connection with unresolved objections to the extent solely related to cure amounts arising under assumed Executory Contracts).

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;I. Disclosure Statement Order.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;9. On May 29, 2025, the Bankruptcy Court entered the Disclosure Statement Order, setting July 14, 2025, at 4:00 p.m. (prevailing Central Time), as the deadline for (a) voting to accept or reject the Plan and opt out of the Third-Party Release and (b) objecting to Confirmation of the Plan (the "<u>Objection Deadline</u>").

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;J. Burden of Proof—Confirmation of the Plan.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;10. The Debtors, as proponents of the Plan, have met their burden of proving the applicable elements of sections 1129(a) and 1129(b) of the Bankruptcy Code by a preponderance of the evidence, which is the applicable evidentiary standard for Confirmation. In addition, and to the extent applicable, the Plan is confirmable under the clear and convincing evidentiary standard.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;K. Notice.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;11. As evidenced by the Affidavits and the Voting Report, the Debtors provided due, adequate, and sufficient notice of the commencement of these Chapter 11 Cases, the Plan (and the opportunity to opt out of the Third-Party Release), the Disclosure Statement, the Confirmation Hearing, the Plan Supplement, the Objection Deadline, and all other materials distributed by the Debtors in connection with Confirmation in compliance with the Bankruptcy Code, the Bankruptcy Rules, including Bankruptcy Rules 2002(b), 3017, 3019, and 3020(b), the Bankruptcy Local Rules, and the procedures set forth in the Disclosure Statement Order. Such notice was adequate and sufficient under the facts and circumstances of these Chapter 11 Cases and was made in compliance with the Bankruptcy Code, the Bankruptcy Rules, the Bankruptcy Local Rules, and the Disclosure Statement Order. No other or further notice is or shall be required.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;L. Voting Report.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;12. Before the Confirmation Hearing, the Debtors Filed the Voting Report. The procedures used to solicit and tabulate the Ballots were fair, reasonable, and conducted in accordance with the applicable provisions of the Bankruptcy Code, the Bankruptcy Rules, the Bankruptcy Local Rules, the Disclosure Statement Order, and all other applicable non-bankruptcy rules, Laws, and regulations.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;13. As set forth in the Plan and the Disclosure Statement, Holders of Claims in Class 3 (Prepetition RCF Claims), Class 4 (Prepetition Term Loan Claims), Class 5 (Prepetition EPC Claims), and Class 6 (General Unsecured Claims) (collectively, the "<u>Voting Classes</u>") were eligible to vote to accept or reject the Plan in accordance with the Solicitation and Voting Procedures. The Ballots used to solicit votes to accept or reject the Plan from Holders in the Voting Classes adequately addressed the particular needs of these Chapter 11 Cases and were appropriate for Holders in the Voting Classes to vote to accept or reject the Plan. Pursuant to Article III.D of the Plan, Class 3 (Prepetition RCF Claims) is deemed eliminated from the Plan for purposes of determining acceptance or rejection of the Plan by such Class because such Class did not have any known Holders of Prepetition RCF Claims as of the date of the Confirmation Hearing.<sup>4</sup>

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;14. Holders of Claims in Class 1 (Other Secured Claims) and Class 2 (Other Priority Claims) (collectively, the "<u>Deemed Accepting Classes</u>") are Unimpaired and conclusively presumed to have accepted the Plan and, therefore, were not entitled to vote to accept or reject the Plan. Holders of Claims in Class 7 (Section 510(b) Claims) and Holders of Interests in Class 10 (GCEH Existing Interests) and Class 11 (Subsidiary Existing Interests) (collectively, the "<u>Deemed Rejecting Classes</u>") are Impaired, are not entitled to retain any property or receive any recovery on account of such Claims under the Plan, and are deemed to have rejected the Plan, and, therefore, were not entitled to vote to accept or reject the Plan. Holders of Claims in Class 8 (Intercompany Claims) and Holders of Interests in Class 9 (Intercompany Interests) (collectively, the "<u>Deemed Accepting/Rejecting Classes</u>," and together with the Deemed Accepting Classes and the Deemed Rejecting Classes, the "<u>Non-Voting Classes</u>") are Unimpaired and conclusively presumed to have accepted the Plan (to the extent Reinstated) or are Impaired and deemed to have rejected the Plan (to the extent cancelled and released), and, in either event, are not entitled to vote to accept or reject the Plan.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;15. As evidenced by the Voting Report, each of the Voting Classes voted to accept the Plan with respect to each Debtor.

<sup>4</sup> Pursuant to the *Final Order (I) Authorizing the Debtors to (A) Obtain Postpetition Credit, (B) Grant Senior Secured Liens and Superpriority Administrative Expense Claims, and (C) Utilize Cash Collateral; (II) Granting Adequate Protection to Prepetition Parties; (III) Modifying the Automatic Stay; (IV) Authorizing Continuation of the Prepetition SOA and SSA, as Amended; (V) Authorizing the Debtors to Enter Into and Perform Under Postpetition Transactions Under the SOA and SSA; and (VI) Granting Related Relief* [Docket No. 218] (the "<u>Final DIP Order</u>"), all Prepetition RCF Claims were rolled up into DIP RCF Claims. Accordingly, no Prepetition RCF Claims remain after the entry of the Final DIP Order.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;M. Solicitation.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;16. As described in the Voting Report, the Debtors solicited votes for acceptance or rejection of the Plan in good faith, and such solicitation complied with the Solicitation and Voting Procedures, was appropriate and satisfactory based upon the circumstances of these Chapter 11 Cases, and complied with the provisions of the Bankruptcy Code, the Bankruptcy Rules, the Bankruptcy Local Rules, and any other applicable rules, Laws, and regulations, including the registration requirements under the Securities Act.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;17. As described in the Voting Report and the Solicitation Affidavit, as applicable, the Solicitation Packages were transmitted and served, including to all Holders in the Voting Classes, in compliance with the Bankruptcy Code, including sections 1125 and 1126 thereof, the Bankruptcy Rules, including Bankruptcy Rules 3017 and 3018, the Bankruptcy Local Rules, the Disclosure Statement Order, and any applicable nonbankruptcy Law. Transmission and service of the Solicitation Packages was timely, adequate, and sufficient under the facts and circumstances of these Chapter 11 Cases. No further notice is required.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;18. As set forth in the Voting Report, the Solicitation Packages were distributed to Holders in the Voting Classes that held a Claim or Interest as of May 16, 2025 (the "<u>Voting Record Date</u>"), as set by the Disclosure Statement Order. The establishment and notice of the Voting Record Date was reasonable and sufficient.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;19. The period during which the Debtors solicited acceptances of, or rejections to, the Plan was a reasonable and sufficient period of time for each Holder in the Voting Classes to make an informed decision to accept or reject the Plan.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;20. Under sections 1126(f) and 1126(g) of the Bankruptcy Code, the Debtors were not required to solicit votes from the Holders of Claims or Interests, as applicable, in the Non-Voting Classes, each of which is conclusively presumed to have accepted or deemed to have rejected the Plan. Nevertheless, the Debtors served the Confirmation Hearing Notice on the Debtors' full creditor matrix and served Non-Voting Status Notices and Opt-Out Forms on all Non-Voting Classes. The Confirmation Hearing Notice adequately informed Holders of Claims or Interests of critical information regarding voting on (if applicable) and objecting to the Plan, including deadlines, such as, without limitation, the Objection Deadline, and the inclusion of release, exculpation, and injunction provisions in the Plan, and adequately summarized and disclosed the terms of the Third-Party Release. Further, because the Opt-Out Form was included in the Ballots and with the Non-Voting Status Notices, every known stakeholder, including Unimpaired creditors and equity holders, was provided with the means by which such stakeholders could opt out of the Third-Party Release. For the avoidance of doubt, any party that elected in the Opt-Out Form to opt out of the Third-Party Release prior to the deadline to submit an Opt-Out Form shall be neither a Released Party nor a Releasing Party under the Plan.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;N. Exit Facilities.<sup>5</sup>

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;21. The terms and conditions of the Exit Facilities and the Reorganized Debtors' entry into the Exit Facilities, including all actions, undertakings, and transactions contemplated thereby, and payment of all fees, indemnities, and expenses provided for thereunder, are essential elements of the Plan, necessary for the consummation thereof, and in the best interests of the Debtors, the Estates, and their stakeholders. The Exit Facilities are critical to the overall success and feasibility of the Plan, and the Debtors have exercised reasonable business judgment in determining to enter into the Exit Facilities Documents, which have been negotiated in good faith and at arm's-length.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;22. The Debtors are immediately authorized, without need for any further notice to, action by, or approval from this Bankruptcy Court or any other party in interest, to execute and deliver the Exit Facilities Documents and execute, deliver, file, record, and issue, all agreements, guarantees, instruments, mortgages, control agreements, certificates, and other documents related or incidental thereto and to perform their obligations thereunder and all transactions contemplated thereby, including the payment or reimbursement of any fees, expenses, losses, damages, or indemnities and the creation or perfection of all Liens in connection therewith, in each case, without further notice to, action by, or approval from this Bankruptcy Court or further act or action under applicable nonbankruptcy Law, regulation, order, or rule or the vote, consent, authorization, or approval of any Entity.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;O. The GUC Trust.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;23. As set forth in Article IV of the Plan, on the Effective Date, the Debtors and the GUC Trustee shall enter into the GUC Trust Agreement and take all steps necessary to establish the GUC Trust in accordance with the Plan, this Confirmation Order, and the GUC Trust Agreement. The transfers contemplated under the Plan from the Debtors and Reorganized Debtors, as applicable, to the GUC Trust shall be exempt from any stamp, real estate transfer, mortgage reporting, sales, use, or other similar tax.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;P. Compliance with Bankruptcy Code Requirements¾Section 1129(a)(1).

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;24. The Plan complies with all applicable provisions of the Bankruptcy Code as required by section 1129(a)(1) of the Bankruptcy Code. In addition, the Plan is dated and identifies the Entities submitting it, thereby satisfying Bankruptcy Rule 3016(a).

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (i) Proper Classification¾Sections 1122 and 1123.

<sup>5</sup> Capitalized terms used but not otherwise defined in these paragraphs 21 and 22 or in the Plan have the meaning ascribed to them in the Exit Facilities Term Sheet.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;25. Article III of the Plan provides for the separate classification of Claims and Interests into eleven Classes. Valid business, factual, and legal reasons exist for the separate classification of such Classes of Claims and Interests. The classifications reflect no improper purpose and do not unfairly discriminate between, or among, Holders of Claims or Interests. Each Class of Claims and Interests contains only Claims or Interests that are substantially similar to the other Claims or Interests within that Class. Accordingly, the Plan satisfies the requirements of sections 1122(a) and 1123(a)(1) of the Bankruptcy Code.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (ii) Specified Unimpaired Classes¾Section 1123(a)(2).

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;26. Article III of the Plan specifies that Holders of Other Secured Claims in Class 1 and Holders of Other Priority Claims in Class 2 are Unimpaired under the Plan within the meaning of section 1124 of the Bankruptcy Code and are conclusively presumed to have accepted the Plan.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;27. Holders of Intercompany Claims in Class 8 and Holders of Intercompany Interests in Class 9 are either Unimpaired and conclusively presumed to have accepted the Plan or are Impaired and deemed to have rejected the Plan, and, in either event, are not entitled to vote to accept or reject the Plan. Additionally, Article II of the Plan specifies that Allowed Administrative Claims, Allowed DIP Claims, Allowed Professional Fee Claims, and Allowed Priority Tax Claims will be paid in accordance with the terms of the Plan, although these Claims are not classified under the Plan. Accordingly, the Plan satisfies the requirements of section 1123(a)(2) of the Bankruptcy Code.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (iii) Specified Treatment of Impaired Classes¾Section 1123(a)(3).

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;28. Article III of the Plan specifies that Claims and Interests, as applicable, in the following Classes (the "<u>Impaired Classes</u>") are Impaired under the Plan within the meaning of section 1124 of the Bankruptcy Code, and describes the treatment of such Classes.

---

| | | |
|:---|:---|:---|
| **Class** | **Claims and Interests** | **Treatment** |
| 3 | Prepetition RCF Claims | Entitled to Vote |
| 4 | Prepetition Term Loan Claims | Entitled to Vote |
| 5 | Prepetition EPC Claims | Entitled to Vote |
| 6 | General Unsecured Claims | Entitled to Vote |
| 7 | Section 510(b) Claims | Not Entitled to Vote (Deemed to Reject) |
| 10 | GCEH Existing Interests | Not Entitled to Vote (Deemed to Reject) |
| 11 | Subsidiary Existing Interests | Not Entitled to Vote (Deemed to Reject) |

---

Accordingly, the Plan satisfies the requirements of section 1123(a)(3) of the Bankruptcy Code.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (iv) No Discrimination¾Section 1123(a)(4).

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;29. The Plan provides for the same treatment by the Debtors for each Claim or Interest in each respective Class unless the Holder of a particular Claim or Interest has agreed to a less favorable treatment of such Claim or Interest. Accordingly, the Plan satisfies the requirements of section 1123(a)(4) of the Bankruptcy Code.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (v) Adequate Means for Plan Implementation¾Section 1123(a)(5).

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;30. The provisions in Article IV and elsewhere in the Plan, together with the exhibits and attachments to the Plan (including the Plan Supplement), provide, in detail, adequate and proper means for the Plan's implementation, including regarding: (a) the general settlement of Claims and Interests; (b) the authorization for the Debtors and the Reorganized Debtors, as applicable, to take all actions necessary to effectuate the Plan, including those actions necessary or appropriate to effectuate the Restructuring Transactions, including, without limitation, any restructuring transaction steps set forth herein or in the Restructuring Transactions Steps Memorandum, as applicable, as the same may be modified or amended from time to time prior to the Effective Date subject to the terms of the Plan; (c) the adoption and authorization of, and entry into, the New Organizational Documents; (d) the funding and sources of consideration for the Plan distributions and the establishment of the GUC Trust; (e) the vesting of assets in the Reorganized Debtors (with the exception of the GUC Trust Assets transferred to the GUC Trust); (f) the issuance of New Common Equity and the New Preferred Equity; (g) the authorization and approval of the Exit Facilities and, in each case, the transactions contemplated in connection therewith and entry into any agreements related to the same as set forth or contemplated in the Plan or the Plan Supplement; (h) the cancellation of existing securities and agreements, and the surrender of existing securities (except as otherwise provided therein); (i) the appointment of the New Board; (j) the granting of new Liens and security interests to secure the Exit Facilities; (k) the preservation and vesting of certain Causes of Action in the Reorganized Debtors; (l) the adoption and authorization of, and entry into, the GUC Trust Agreement and all actions contemplated thereby, including the appointment of the GUC Trustee and the vesting of the GUC Trust Assets in the GUC Trust; and (m) the effectuation and implementation of documents and further transactions with respect to the foregoing or as contemplated under the Plan. Accordingly, the Plan satisfies the requirements of section 1123(a)(5) of the Bankruptcy Code.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (vi) Voting Power of Equity Securities¾Section 1123(a)(6).

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;31. The New Organizational Documents and the Plan prohibit the issuance of non-voting equity securities only to the extent required to comply with section 1123(a)(6) of the Bankruptcy Code. Accordingly, the Plan satisfies the requirements of section 1123(a)(6) of the Bankruptcy Code.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (vii) Directors and Officers¾Section 1123(a)(7).

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;32. The manner of selection of any officer, director, or trustee (or any successor of any officer, director, or trustee) of the Reorganized Debtors will be determined in accordance with the Plan and the New Organizational Documents, as applicable, which is consistent with the interests of creditors and equity holders and with public policy. Accordingly, the Plan satisfies the requirement of section 1123(a)(7) of the Bankruptcy Code.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (viii) Impairment/Unimpairment of Classes¾Section 1123(b)(1).

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;33. Article III of the Plan impairs or leaves Unimpaired each Class of Claims and Interests, as contemplated by section 1123(b)(1) of the Bankruptcy Code.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (ix) Assumption¾Section 1123(b)(2).

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;34. Article V.A of the Plan provides that, on the Effective Date, all Executory Contracts or Unexpired Leases not otherwise rejected will be deemed assumed by the applicable Reorganized Debtor in accordance with the provisions and requirements of sections 365 and 1123 of the Bankruptcy Code, other than those that: (a) are identified on the Schedule of Rejected Executory Contracts and Unexpired Leases; (b) previously expired or terminated pursuant to their own terms; (c) have been previously assumed or rejected by the Debtors pursuant to a Final Order; (d) are the subject of a motion to reject that is pending on the Effective Date; or (e) have an ordered or requested effective date of rejection that is after the Effective Date. The assumption of Executory Contracts and Unexpired Leases may include the assignment of certain of such contracts and leases as set forth in the Plan Supplement.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;35. Article IV.D of the Plan provides that, on the Effective Date, the Reorganized Debtors shall: (a) assume the Assumed Agreements; and (b) assume and/or honor in the ordinary course of business any contracts, agreements, policies, programs, and plans, in accordance with their respective terms, for compensation, including any incentive plans, retention plans, health care benefits, disability benefits, deferred compensation benefits, savings, severance benefits, retirement benefits, welfare benefits, workers' compensation insurance, supplemental executive retirement plans, change-in-control agreements, and accidental death and dismemberment insurance for the directors, officers, and employees of any of the Company Parties who served in such capacity on or after the effective date of the RSA.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;36. Accordingly, the Plan is consistent with section 1123(b)(2) of the Bankruptcy Code.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (x) Settlement, Releases, Exculpation, Injunction, and Preservation of Claims and Causes of Action¾Section 1123(b)(3).

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;37. In accordance with section 1123(b)(3)(A) of the Bankruptcy Code and Bankruptcy Rule 9019, and in consideration for the classification, distributions, releases, and other benefits provided under the Plan, upon the Effective Date, the provisions of the Plan shall constitute a good-faith compromise and settlement of all Claims, Interests, Causes of Action, and controversies released, settled, compromised, discharged, satisfied, or otherwise resolved pursuant to the Plan. The compromises and settlements embodied in the Plan are the result of extensive, arm's-length, good-faith negotiations and preserve value for the Debtors, their Estates, and all their stakeholders, avoid extended, uncertain, time-consuming, and value-destructive litigation, and represent a fair and reasonable compromise of all Claims, Interests, and controversies. Entry into such compromises and settlements represents a sound exercise of the Debtors' business judgment. The compromises and settlements in the Plan are fair, equitable, reasonable, and in the best interests of the Debtors and their Estates and satisfy the requirements of applicable Law for approval pursuant to Bankruptcy Rule 9019.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;38. Accordingly, in consideration for the distributions and other benefits provided under the Plan and the consideration provided by certain of the Released Parties, this Confirmation Order shall constitute the Bankruptcy Court's approval of such settlements, as well as a finding by the Bankruptcy Court that such settlements are in the best interests of the Debtors, their Estates, and the Holders of Claims and Interests and are fair, equitable, and reasonable.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;39. Based upon the representations and arguments of counsel to the Debtors and all other testimony either actually given or proffered and other evidence introduced at the Confirmation Hearing and the full record of the Chapter 11 Cases, this Confirmation Order constitutes the Bankruptcy Court's approval of the settlements embodied in the Plan and this Confirmation Order, because, among other things: (a) each such settlement reflects a reasonable balance between the possible success of litigation with respect to each of the settled Claims and disputes, on the one hand, and the benefits of fully and finally resolving such Claims and disputes and allowing the Debtors to expeditiously exit chapter 11, on the other hand; (b) absent such settlements, there is a likelihood of complex and protracted litigation with the attendant expense, inconvenience, and delay that have a possibility to derail the Debtors' reorganization efforts; (c) each of the parties supporting such settlements, including the Debtors, the DIP Lenders, the Required Consenting Stakeholders, and the Committee, is, and at all relevant times was, represented by able counsel of their own choosing that is recognized as being knowledgeable, competent, and experienced; (d) such settlements are the product of arm's-length bargaining and good-faith negotiations between sophisticated parties; and (e) such settlements (i) are fair, equitable, and reasonable and in the best interests of the Debtors, the Reorganized Debtors, their respective Estates and property, creditors, and other parties in interest, (ii) will maximize the value of the Estates by preserving and protecting the ability of the Reorganized Debtors to continue operating outside of bankruptcy protection and in the ordinary course of business, and (iii) are essential to the successful implementation of the Plan. Based on the foregoing, the compromises and settlements in the Plan satisfy the requirements of applicable Fifth Circuit Law for approval of settlements and compromises pursuant to Bankruptcy Rule 9019.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; a. Debtor Release.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;40. Article VIII.C of the Plan describes certain releases granted by the Debtors (the "<u>Debtor Release</u>"). The Debtors have demonstrated that the releases provided under the Debtor Release constitute a sound exercise of their business judgment, and the Debtors have otherwise established the propriety of the Debtor Release and satisfied the requirements of Bankruptcy Rule 9019 with respect thereto. Each of the Released Parties has made a substantial contribution to the Plan and to the Debtors' reorganization. The Debtor Release is a necessary and integral element of the Plan, and is fair, equitable, reasonable, and in the best interests of the Debtors, the Estates, and Holders of Claims and Interests.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;41. For the reasons set forth herein and in the Confirmation Declarations, the Debtor Release: (a) reflects a reasonable balance between the possible success of litigation with respect to each of the settled Claims and disputes, on the one hand, and the benefits of fully and finally resolving such Claims and disputes and allowing the Debtors to exit chapter 11 expeditiously, on the other hand; (b) is a good-faith settlement and compromise of the Claims and Causes of Action released by the Debtor Release; (c) is provided in exchange for the good and valuable consideration provided by the Released Parties, including the Released Parties' contributions to facilitate the Restructuring Transactions and implement the Plan, following extensive, arm's-length negotiations between sophisticated parties represented by able counsel and advisors; (d) is given, and made, after due notice and opportunity for hearing; and (e) serves as a bar to any of the Debtors, the Reorganized Debtors, or the Debtors' Estates asserting any Claim or Cause of Action of any kind whatsoever released pursuant to the Debtor Release. Further, as more fully described in the Arden Declaration, an independent director of the Debtors analyzed and considered all potential Claims and Causes of Action held by the Debtors and determined that granting the Debtor Release was appropriate and necessary under the circumstances. The Debtors' or the Reorganized Debtors' pursuit of any such Claims or Causes of Action against the Released Parties is not in the best interests of the Estates or the Debtors' various constituencies because the costs involved would likely outweigh any potential benefit from pursuing such Claims or Causes of Action.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;42. The Debtor Release appropriately offers protection to parties that participated in the Debtors' restructuring process. Each of the Released Parties made significant concessions and contributions to these Chapter 11 Cases. The Debtor Release for the Debtors' current and former directors and officers is appropriate because the Debtors' directors, officers, and managers share an identity of interest with the Debtors, supported and made substantial contributions to the success of the Plan and these Chapter 11 Cases, and actively participated in meetings and negotiations during these Chapter 11 Cases. The Debtor Release for the Consenting Stakeholders is appropriate because such parties have actively supported the Plan, agreed to equitize a portion of their Claims to deleverage the Debtors' prepetition capital structure, provided the Debtors with liquidity (both by providing the debtor-in-possession financing and by consenting to the use of cash collateral), and made other contributions of value to the Debtors' restructuring, including by providing financing under the Exit Facilities, as applicable. The Debtor Release was an integral component of the support provided, and the contributions and concessions made, by the Consenting Stakeholders, and the Consenting Stakeholders would not have agreed to provide such support or make such contributions and concessions without the Debtor Release. Finally, the Debtor Release for the Committee and each member thereof is an integral component of the Committee Settlement.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;43. The scope of the Debtor Release is appropriately tailored under the facts and circumstances of these Chapter 11 Cases. The Debtor Release is appropriate in light of, among other things, the value provided by the Released Parties to the Debtors' Estates and the critical nature of the Debtor Release to the Plan. The Debtor Release is authorized and approved.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; b. Third-Party Release.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;44. The Third-Party Release, set forth in Article VIII.D of the Plan, is a necessary and integral element of the Plan, is fair, equitable, reasonable, and is in the best interests of the Debtors, the Estates, and all Holders of Claims and Interests. Also, the Third-Party Release: (a) is consensual; (b) represents a good-faith settlement and compromise of the Claims and Causes of Action released by the Third-Party Release; (c) is beneficial to and in the best interests of the Debtors, their Estates, and theirs stakeholders and is important to the overall objectives of the Plan to finally resolve certain Claims among or against certain parties in interest in these Chapter 11 Cases; (d) is specific in language and scope; (e) is essential to the confirmation of the Plan; (f) is given in exchange for the substantial contributions made and the good and valuable consideration provided by the Released Parties; (g) is a condition to the good-faith settlement and compromise of the Claims and Causes of Action released by the Third-Party Release; (h) is given and made after due notice and opportunity for hearing; (i) constitutes a bar to any of the Releasing Parties asserting any Claim or Cause of Action released pursuant to the Third-Party Release; (j) facilitated participation of, and support from, the Released Parties in both the Plan process and the Chapter 11 Cases generally; and (k) was instrumental in developing a plan that maximized value for all of the Debtors' stakeholders.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;45. The Third-Party Release was a negotiated and integral term of the Plan that facilitated participation in the RSA and incentivized parties to support the Plan, without which the Released Parties, including the Consenting Stakeholders, would not have agreed to support the Plan. The Third-Party Release is specific in language and a condition of the compromises and settlements embodied in the Plan. As such, the Third-Party Release appropriately offers certain protections to parties who constructively participated in the Debtors' restructuring process, and the Debtors had a good-faith basis for including the Third-Party Release in the Plan.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;46. The Third-Party Release is consensual given that, among other things: (a) the Releasing Parties were provided adequate notice of these Chapter 11 Cases, the Plan, and the deadline to object to Confirmation and opt out of the Third-Party Release; (b) the release provisions of the Plan were conspicuous, emphasized with boldface type in the Plan, the Disclosure Statement, the Ballots, the Non-Voting Status Notice, and the Confirmation Hearing Notice; (c) Holders of Claims and Interests in all Classes received the Opt-Out Form, regardless of whether such Holder was entitled to vote on the Plan; and (d) the Confirmation Hearing Notice was sent to all parties that receive notice in these Chapter 11 Cases (including those not entitled to vote on the Plan) and published in *The New York Times* on June 5, 2025 and *The New York Times* (international edition) on June 10, 2025. The Releasing Parties were given due and adequate notice of the Third-Party Release, including the deadline to object to, or opt out of, the Third-Party Release, and thus the Third-Party Release is consensual under controlling precedent in the Fifth Circuit as to those Releasing Parties that did not timely object or elect to opt out of granting the Third-Party Release. The Third-Party Release is authorized and approved.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; c. Exculpation.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;47. The exculpation described in Article VIII.E of the Plan (the "<u>Exculpation</u>") is appropriate under applicable Law, including *NexPoint Advisors, L.P. v. Highland Cap. Mgmt., L.P. (In re Highland Cap. Mgmt., L.P.)*, 48 F. 4th 419 (5th Cir. 2022) and *Highland Cap. Mgmt. Fund Advisors, L.P. v. Highland Cap. Mgmt., L.P. (In re Highland Cap. Mgmt., L.P.)*, 132 F.4th 353, 360–62 (5th Cir. 2025), because it was supported by proper evidence, proposed in good faith, was formulated following extensive good-faith, arm's-length negotiations with key constituents and is appropriately limited in scope. Without limiting anything in the Exculpation, each Exculpated Party has participated in these Chapter 11 Cases in good faith and in compliance with applicable Laws with regard to solicitation of votes and distribution of consideration pursuant to the Plan, and is appropriately released and exculpated from any Cause of Action for any claim arising from the Petition Date through the Effective Date related to any act or omission in connection with, relating to, or arising out of, the Chapter 11 Cases, the formulation, preparation, dissemination, negotiation, filing, or termination of the RSA and related prepetition transactions, the Definitive Documents, the Class B Purchase Agreement, the New Common Equity, the New Preferred Equity, the Takeback Debt, the Exit Facilities, the New CTCI Agreement, the DIP Facilities, the DIP Documents, the Disclosure Statement, the Plan (including, for avoidance of doubt, the Plan Supplement), the Committee Settlement, the GUC Trust Agreement, the Earn Out Agreement, any other Definitive Document, or any Restructuring Transactions, contract, instrument, release or other agreement or document (including any legal opinion requested by any Entity regarding any transaction, contract, instrument, document, or other agreement contemplated by the Plan or the reliance by any Released Party on the Plan or this Confirmation Order in lieu of such legal opinion) relating to any of the foregoing, created or entered into in connection with the RSA, the Definitive Documents, the Class B Purchase Agreement, the New Common Equity, the New Preferred Equity, the Takeback Debt, the Exit Facilities, the New CTCI Agreement, the DIP Facilities, the DIP Documents, the Disclosure Statement, the Plan (including, for the avoidance of doubt, the Plan Supplement), the Committee Settlement, the GUC Trust Agreement, the Earn Out Agreement, or any Restructuring Transactions, any preference, fraudulent transfer, or other avoidance claim arising pursuant to chapter 5 of the Bankruptcy Code or other applicable Law, the filing of the Chapter 11 Cases, the pursuit of Confirmation, the pursuit of Consummation, the administration and implementation of the Plan, including the issuance or distribution of Securities pursuant to the Plan, or the distribution of property under the Plan or any other related agreement, or upon any other related act or omission, transaction, agreement, event, or other occurrence taking place on or before the Effective Date, except for Claims related to any act or omission that is determined in a Final Order by a court of competent jurisdiction to have constituted actual fraud, willful misconduct, or gross negligence, but in all respects such Entities shall be entitled to reasonably rely upon the advice of counsel with respect to their duties and responsibilities pursuant to the Plan. The Exculpation, including its carveout for actual fraud, willful misconduct, or gross negligence, is fair, reasonable, and appropriate under the circumstances of the Chapter 11 Cases and is consistent with established practice in this jurisdiction.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;48. Solely with respect to the Exculpation, notwithstanding anything to the contrary in the Plan or the Plan Supplement, each of the Exculpated Parties shall not incur liability for any Cause of Action or Claim related to any act or omission in connection with, relating to, or arising out of, in whole or in part, (a) the solicitation of acceptance or rejection of the Plan in good faith and in compliance with the applicable provisions of the Bankruptcy Code or (b) the participation, in good faith and in compliance with the applicable provisions of the Bankruptcy Code, in the offer, issuance, sale, or purchase of a security offered or sold under the Plan. The Exculpated Parties are entitled to the protection of section 1125(e) of the Bankruptcy Code. No Entity or Person may commence or pursue a Claim or Cause of Action of any kind against any of the Exculpated Parties that arose or arises from, in whole or in part, a Claim or Cause of Action subject to this paragraph 48 of this Confirmation Order, without this Bankruptcy Court first (i) determining, after notice and a hearing, that such Claim or Cause of Action represents a colorable Claim for actual fraud, gross negligence, or willful misconduct against any such Exculpated Party and such party is not exculpated and (ii) specifically authorizing such Entity or Person to bring such Claim or Cause of Action against any such Exculpated Party. The Exculpation is authorized and approved.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; d. Injunction.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;49. The injunction provision and the related gatekeeper provision set forth in Article VIII.F of the Plan are essential to the Plan and are necessary to implement, preserve, and enforce the Debtors' discharge, the Debtor Release, the Third-Party Release, and the Exculpation. The injunction provision and the related gatekeeper provision are appropriately tailored to achieve those purposes. Notwithstanding anything to the contrary in this Confirmation Order, no Person or Entity may commence or pursue a Cause of Action of any kind against the Reorganized Debtors, the Exculpated Parties, or the Released Parties, as applicable, that relates to or is reasonably likely to relate to any act or omission in connection with, relating to, or arising out of a Claim or Cause of Action, as applicable, subject to Article VIII.C, VIII.D, or VIII.E of the Plan, without the Bankruptcy Court first (a) determining, after notice and a hearing, that such Claim or Cause of Action represents a colorable Claim of any kind and (b) specifically authorizing such Person or Entity to bring such Claim or Cause of Action, as applicable, against any such Reorganized Debtor Exculpated Party, or Released Party, as applicable.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;50. Notwithstanding anything in the Plan to the contrary, the provisions of Article VIII.F of the Plan that require a Person or Entity seeking to bring a Claim or Cause of Action that relates to or is reasonably likely to relate to any act or omission in connection with, relating to, or arising out of a Claim or Cause of Action related to the Chapter 11 Cases prior to the Effective Date to first seek authorization from the Bankruptcy Court before bringing such Claim or Cause of action shall only apply to Claims or Causes of Action brought against (a) the Exculpated Parties or (b) the Released Parties (if such Person or Entity is a Releasing Party). The Injunction is authorized and approved.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; e. Preservation of Causes of Action.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;51. Pursuant to Article IV.R of the Plan and in accordance with section 1123(b) of the Bankruptcy Code, but subject to Article VIII of the Plan, each Reorganized Debtor shall retain and may enforce all rights to commence and pursue, as appropriate, any and all Causes of Action whether arising before or after the Petition Date, including any actions specifically enumerated in the Schedule of Retained Causes of Action, and the Reorganized Debtors' rights to commence, prosecute, or settle such Causes of Action shall be preserved notwithstanding the occurrence of the Effective Date, other than the Causes of Action previously released by the Debtors under the DIP Orders or released by the Debtors pursuant to the releases and exculpations contained in the Plan, including in Article VIII of the Plan, which shall be deemed released and waived by the Debtors and the Reorganized Debtors as of the Effective Date.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;52. In accordance with the Committee Settlement, the Debtors (and the GUC Trustee, as and if applicable) expressly waive any and all rights to recover or avoid transfers under sections 547 and 550 of the Bankruptcy Code (to the extent such Claims arise solely in connection with Claims under section 547 of the Bankruptcy Code). The provisions regarding the preservation of Causes of Action in the Plan, including those contained in the Plan Supplement, are appropriate, fair, equitable, and reasonable, and are in the best interests of the Debtors, the Estates, and Holders of Claims and Interests.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; f. Lien Release.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;53. The release and discharge of mortgages, deeds of trust, Liens, pledges, or other security interests against any property of the Estates described in Article VIII.B of the Plan (the "<u>Lien Release</u>") is essential to the Plan and necessary to implement the Plan. The provisions of the Lien Release are appropriate, fair, equitable, and reasonable and are in the best interests of the Debtors, the Estates, and Holders of Claims and Interests.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (xi) Additional Plan Provisions¾Section 1123(b)(6).

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;54. The other discretionary provisions of the Plan are appropriate and consistent with the applicable provisions of the Bankruptcy Code, thereby satisfying section 1123(b)(6) of the Bankruptcy Code.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (xii) Cure of Defaults ¾Section 1123(d).

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;55. Article V.C of the Plan provides for the satisfaction of Cures associated with each Executory Contract and Unexpired Lease to be assumed or assumed and assigned in accordance with section 365 of the Bankruptcy Code or as otherwise agreed between the Debtors and the counterparty to each such assumed or assumed and assigned Executory Contract and Unexpired Lease. The Debtors or the Reorganized Debtors, as applicable, shall pay the Cure amounts, if any, on the Effective Date or as soon as reasonably practicable thereafter or on such other terms as the parties to such Executory Contracts or Unexpired Leases may agree. If there is any dispute regarding any Cure, the ability of the Reorganized Debtors or any assignee to provide "adequate assurance of future performance" within the meaning of section 365 of the Bankruptcy Code, or any other matter pertaining to assumption or assumption and assignment, such dispute shall be determined in accordance with the terms set forth in Article V.C of the Plan.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;56. The assumption of any Executory Contract or Unexpired Lease and the satisfaction of related Cures in full or as otherwise agreed among the Debtors or Reorganized Debtors, as applicable, and the counterparty to such Executory Contract or Unexpired Lease, pursuant to the Plan, shall result in the full release and satisfaction of any nonmonetary defaults arising from or triggered by the filing of these Chapter 11 Cases, including defaults of provisions restricting the change in control or ownership interest composition or any bankruptcy-related defaults, arising at any time on or prior to the effective date of assumption. As such, the Plan provides that the Debtors will cure, or provide adequate assurance that the Debtors will promptly cure, defaults with respect to assumed Executory Contracts and Unexpired Leases. Thus, the Plan complies with section 1123(d) of the Bankruptcy Code.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Q. Debtor Compliance with the Bankruptcy Code¾Section 1129(a)(2).

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;57. The Debtors have complied with the applicable provisions of the Bankruptcy Code and thus satisfied the requirements of section 1129(a)(2) of the Bankruptcy Code. Specifically, each Debtor:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;a. is eligible to be a debtor under section 109 and a proper proponent
of the Plan under section 1121(a) of the Bankruptcy Code;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;b. complied with applicable provisions of the Bankruptcy Code, except as
otherwise provided or permitted by orders of the Bankruptcy Court; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;c. complied with the applicable provisions of the Bankruptcy Code, including
sections 1125 and 1126 thereof, the Bankruptcy Rules, the Bankruptcy Local Rules, any applicable nonbankruptcy Law, rule, and regulation,
the Disclosure Statement Order, and all other applicable Law in transmitting the Solicitation Packages and related documents and notices
and in soliciting and tabulating the votes on the Plan.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;R. Plan Proposed in Good Faith¾Section 1129(a)(3).

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;58. The Debtors have proposed the Plan in good faith and not by any means forbidden by Law. In so determining, the Bankruptcy Court has examined the totality of the circumstances surrounding the Filing of these Chapter 11 Cases, including the RSA, the Plan, the Confirmation Declarations, the process leading to Confirmation, including the overwhelming support of Holders of Claims for the Plan, and the transactions to be implemented pursuant thereto. These Chapter 11 Cases were Filed, and the Plan was proposed, with the legitimate purpose of allowing the Debtors to implement the Restructuring Transactions, reorganize, and emerge from these Chapter 11 Cases with a capital and organizational structure that will allow them to conduct their businesses and satisfy their obligations with sufficient liquidity and capital resources.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;59. The Plan is the product of good-faith, arm's-length negotiations by and among the Debtors, the Required Consenting Stakeholders, the Committee, and other parties in interest. Consistent with the overriding purpose of chapter 11, the Debtors Filed these Chapter 11 Cases with the belief that the Debtors needed reorganization, and the Plan was negotiated and proposed with the intention of accomplishing a successful reorganization and maximizing stakeholder value and for no ulterior purpose. Accordingly, the requirements of section 1129(a)(3) of the Bankruptcy Code are satisfied.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;S. Payment for Services or Costs and Expenses¾Section 1129(a)(4).

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;60. The procedures set forth in the Plan for the Bankruptcy Court's review and ultimate determination of the fees and expenses to be paid to Professionals by the Debtors in connection with these Chapter 11 Cases, or in connection with the Plan and incident to these Chapter 11 Cases, satisfy the objectives of, and are in compliance with, section 1129(a)(4) of the Bankruptcy Code.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;T. Directors, Officers, and Insiders¾Section 1129(a)(5).

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;61. The identities of or process for appointment of the Reorganized Debtors' directors and officers proposed to serve after the Effective Date were disclosed (to the extent known) in the Plan Supplement. Accordingly, the Debtors have satisfied the requirements of section 1129(a)(5) of the Bankruptcy Code.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;U. No Rate Changes¾Section 1129(a)(6).

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;62. Section 1129(a)(6) of the Bankruptcy Code is not applicable to these Chapter 11 Cases. The Plan proposes no rate change subject to the jurisdiction of any governmental regulatory commission.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;V. Best Interest of Creditors¾Section 1129(a)(7).

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;63. The liquidation analysis attached as <u>Exhibit E</u> to the Disclosure Statement and the other evidence related thereto in support of the Plan that was admitted into evidence, whether by proffer, live testimony, or otherwise, at or in connection with the Confirmation Hearing: (a) are reasonable, persuasive, credible, and accurate as of the dates such analysis or evidence was prepared, presented, or proffered; (b) utilize reasonable and appropriate methodologies and assumptions; (c) have not been controverted by other evidence; and (d) establish that Holders of Allowed Claims and Interests in each Class will recover at least as much under the Plan on account of such Claim or Interest, as of the Effective Date, as such Holder would receive if the Debtors were liquidated, on the Effective Date, under chapter 7 of the Bankruptcy Code. As a result, the Debtors have demonstrated that the Plan is in the best interests of their creditors, and the Plan satisfies the requirements of section 1129(a)(7) of the Bankruptcy Code.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;W. Acceptance by Certain Classes¾Section 1129(a)(8).

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;64. The Deemed Accepting Classes constitute the Unimpaired Classes, each of which is conclusively presumed to have accepted the Plan in accordance with section 1126(f) of the Bankruptcy Code. As evidenced by the Voting Report, all of the Holders of Claims in Classes 4 and 5 and an overwhelming majority of Holders of Claims in Class 6 have voted to accept the Plan. Nevertheless, because the Plan has not been accepted by the Deemed Rejecting Classes, the Debtors seek Confirmation under section 1129(b) of the Bankruptcy Code, solely with respect to the Deemed Rejecting Classes, rather than section 1129(a)(8) of the Bankruptcy Code. Holders of Claims and Interests in Classes 8 and 9 are Unimpaired and conclusively presumed to have accepted the Plan (to the extent Reinstated) or are Impaired and deemed to reject the Plan (to the extent cancelled), and, in either event, are not entitled to vote to accept or reject the Plan. Although the Plan does not satisfy section 1129(a)(8) of the Bankruptcy Code with respect to the Deemed Rejecting Classes, the Plan is confirmable because the Plan does not discriminate unfairly and is fair and equitable with respect to the Deemed Rejecting Classes and thus satisfies section 1129(b) of the Bankruptcy Code. Pursuant to Article III.D of the Plan, Class 3 (Prepetition RCF Claims) is deemed eliminated from the Plan for purposes of determining acceptance or rejection of the Plan by such Class because such Class did not have any known Holders of Prepetition RCF Claims as of the date of the Confirmation Hearing.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;X. Treatment of Claims Entitled to Priority Under Section 507(a) of the Bankruptcy Code¾Section 1129(a)(9).

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;65. The treatment of Allowed Administrative Claims, Professional Fee Claims, and Priority Tax Claims, under Article II of the Plan, and Other Priority Claims under Article III of the Plan, satisfies the requirements of, and complies in all respects with, section 1129(a)(9) of the Bankruptcy Code*.*

 

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Y. Acceptance by At Least One Impaired Class¾Section 1129(a)(10).

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;66. As evidenced by the Voting Report, the Holders of Claims in Class 4, Class 5, and Class 6, each of which is Impaired, voted to accept the Plan by the requisite numbers and amounts of Claims, as determined without including any acceptance of the Plan by any insider (as that term is defined in section 101(31) of the Bankruptcy Code), as specified under the Bankruptcy Code. Accordingly, the requirements of section 1129(a)(10) of the Bankruptcy Code are satisfied.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Z. Feasibility¾Section 1129(a)(11).

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;67. The financial projections attached to the Disclosure Statement as <u>Exhibit D</u>, and the other evidence supporting Confirmation of the Plan proffered or adduced by the Debtors at, or prior to, the Confirmation Hearing or in the Confirmation Declarations Filed in connection therewith: (a) are reasonable, persuasive, credible, and accurate as of the dates such analysis or evidence was prepared, presented, or proffered; (b) utilize reasonable and appropriate methodologies and assumptions; (c) have not been controverted by other evidence; (d) establish that the Plan is feasible and Confirmation is not likely to be followed by the liquidation, or the need for further financial reorganization, of the Reorganized Debtors or any successor to the Reorganized Debtors under the Plan, except as provided in the Plan; and (e) establish that the Reorganized Debtors will have sufficient funds available to meet their obligations under the Plan. Accordingly, the Plan satisfies the requirements of section 1129(a)(11) of the Bankruptcy Code.

**AA. Payment of Fees¾Section 1129(a)(12).**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;68. Article XII.C of the Plan provides for the payment of all fees payable by the Debtors under 28 U.S.C. § 1930(a). Accordingly, the Plan satisfies the requirements of section 1129(a)(12) of the Bankruptcy Code.

**BB. Continuation of Retiree Benefits¾Section 1129(a)(13).**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;69. The Plan satisfies the requirements of section 1129(a)(13) of the Bankruptcy Code. Article IV.D of the Plan provides that as of the Effective Date, all retiree benefits, as defined in section 1114 of the Bankruptcy Code, if any, shall continue to be paid in accordance with applicable law.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;CC. Non-Applicability of Certain Sections¾1129(a)(14), (15), and (16).

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;70. Sections 1129(a)(14), 1129(a)(15), and 1129(a)(16) of the Bankruptcy Code do not apply to these Chapter 11 Cases. The Debtors owe no domestic support obligations, are not individuals, and are not nonprofit corporations.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;DD. "Cram Down" Requirements¾Section 1129(b).

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;71. Notwithstanding the fact that the Deemed Rejecting Classes have been deemed to reject the Plan, the Plan may be confirmed pursuant to section 1129(b)(1) of the Bankruptcy Code. *First*, all of the requirements of section 1129(a) of the Bankruptcy Code, other than section 1129(a)(8) of the Bankruptcy Code, have been met. *Second*, the Plan is fair and equitable with respect to the Deemed Rejecting Classes. The Plan has been proposed in good faith, is reasonable, and meets the requirements that (a) no Holder of any Claim or Interest that is junior to each such Class will receive or retain any property under the Plan on account of such junior Claim or Interest and (b) no Holder of a Claim in a Class senior to such Class is receiving more than 100% on account of its Claim. Accordingly, the Plan is fair and equitable to all Holders of Claims or Interests in the Deemed Rejecting Classes. *Third*, the Plan does not discriminate unfairly with respect to the Deemed Rejecting Classes because similarly situated creditors and interest Holders will receive substantially similar treatment on account of their Claims and Interests irrespective of Class. The Plan may therefore be confirmed despite the fact that not all Impaired Classes have voted to accept the Plan.

**EE. Only One Plan¾Section 1129(c).**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;72. The Plan (including previous versions thereof) is the only chapter 11 plan Filed in each of these Chapter 11 Cases and, accordingly, satisfies section 1129(c) of the Bankruptcy Code.

**FF. Principal Purpose of the Plan¾Section 1129(d).**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;73. No Governmental Unit has requested that the Bankruptcy Court refuse to confirm the Plan on the grounds that the principal purpose of the Plan is the avoidance of taxes or the avoidance of the application of section five of the Securities Act. As evidenced by its terms, the principal purpose of the Plan is not such avoidance. Accordingly, the requirements of section 1129(d) of the Bankruptcy Code have been satisfied.

**GG. Not Small Business Cases¾Section 1129(e).**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;74. The Chapter 11 Cases are not small business cases, and accordingly, section 1129(e) of the Bankruptcy Code does not apply to these Chapter 11 Cases.

**HH. Good-Faith Solicitation¾Section 1125(e).**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;75. The Debtors and their agents have solicited and tabulated votes on the Plan and have participated in the activities described in section 1125 of the Bankruptcy Code fairly, in good faith within the meaning of section 1125(e) of the Bankruptcy Code. The Released Parties and the Exculpated Parties have acted in "good faith" within the meaning of section 1125(e) of the Bankruptcy Code and in compliance with the applicable provisions of the Bankruptcy Code and Bankruptcy Rules in connection with all of their respective activities relating to support of the Plan and Consummation, including, among other things, the issuance of the New Common Equity and the New Preferred Equity, and the solicitation of acceptances of the Plan, as applicable, and are entitled to the protections afforded by section 1125(e) of the Bankruptcy Code and all other applicable protections and rights provided for in the Plan and this Confirmation Order.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;II. Satisfaction of Confirmation Requirements.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;76. Based on the foregoing, the Plan satisfies the requirements for Confirmation set forth in section 1129 of the Bankruptcy Code.

**JJ. Likelihood of Satisfaction of Conditions Precedent to the Applicable Effective Date.**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;77. Each of the conditions precedent to the Effective Date, as set forth in Article IX.A of the Plan, has been or is reasonably likely to be satisfied or waived in accordance with Article IX.B of the Plan.

**KK. Implementation.**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;78. All documents necessary to implement the Plan and the Restructuring Transactions contemplated thereby, including those contained in the Plan Supplement, and all other relevant and necessary or desirable documents (including, but not limited to, the Earn Out Agreement, the Exit Facilities Documents, the New Organizational Documents, and the GUC Trust Agreement) have been negotiated in good faith and at arm's-length and shall, upon completion of documentation and execution, be valid, binding, and enforceable agreements, not avoidable and not in conflict with any federal, state, or foreign Law.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;LL. Disclosure of Facts.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;79. The Debtors have disclosed all material facts regarding the Plan, including, but not limited to, with respect to the execution of the RSA, issuance of the New Common Equity and the New Preferred Equity and the execution of the Exit Facilities Documents, the GUC Trust Agreement, the Earn Out Agreement, and the New Organizational Documents, prior to the Confirmation Hearing, and the fact that each applicable Debtor will emerge from its Chapter 11 Case as a validly existing corporation, limited liability company, partnership, or other form, as applicable, with separate assets, liabilities, and obligations, as set forth in the Plan.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;MM. Good Faith.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;80. The Debtors and their respective directors, officers, management, counsel, advisors, and other agents have proposed the Plan in good faith, with the legitimate and honest purpose of maximizing the value of the Estates for the benefit of their stakeholders. The Plan accomplishes this goal. Accordingly, the Debtors or the Reorganized Debtors, as applicable, and their respective officers, directors, and advisors have been acting in good faith, are acting in good faith, and will continue to act in good faith if they proceed to: (a) consummate the Plan, the Restructuring Transactions, and all settlements, transactions, and transfers contemplated thereby; and (b) take the actions authorized and directed by this Confirmation Order and the Plan to reorganize the Debtors' businesses and effectuate the New Organizational Documents and the other Restructuring Transactions.

**<u>ORDER</u>**

IT IS ORDERED, ADJUDGED, DECREED, AND DETERMINED THAT:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;81. **Findings of Fact and Conclusions of Law.** The above findings of fact and conclusions of law, as well as any additional findings of fact and conclusions of law announced by the Bankruptcy Court at the Confirmation Hearing, are hereby incorporated in this Confirmation Order.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;82. **Confirmation of the Plan.** The Plan is approved in its entirety and **CONFIRMED** under section 1129 of the Bankruptcy Code. The terms of the Plan, including the Plan Supplement, are incorporated by reference into and are an integral part of this Confirmation Order.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;83. This Confirmation Order approves the Plan Supplement, including the documents contained therein, as they may be amended through and including the Effective Date in accordance with and as permitted by the Plan, subject to the consent rights therein and in the RSA, and in all other Definitive Documents. The terms of the Plan, the Plan Supplement, and the exhibits thereto are incorporated herein by reference and are an integral part of this Confirmation Order; *provided* that, if there is any direct conflict between the terms of the Plan (including the Plan Supplement) and the terms of this Confirmation Order, the terms of this Confirmation Order shall control solely to the extent of such conflict.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;84. **Objections Overruled.** All objections, statements, joinders, and reservations of rights pertaining to Confirmation that have not been withdrawn, waived, or settled before entry of this Confirmation Order are hereby OVERRULED and DENIED on the merits (except in connection with unresolved objections to the extent solely related to Cure amounts arising under assumed Executory Contracts). If there is any dispute regarding any Cure, the ability of the Reorganized Debtors or any assignee to provide "adequate assurance of future performance" within the meaning of section 365 of the Bankruptcy Code, or any other matter pertaining to assumption or assumption and assignment, such dispute shall be determined in accordance with the terms set forth in Article V.C of the Plan.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;85. All objections to Confirmation not Filed and served prior to the Objection Deadline set forth in the Confirmation Hearing Notice, if any, are deemed waived and shall not be considered by the Bankruptcy Court. All parties have had a full and fair opportunity to litigate all issues raised or that might have been raised in the objections to Confirmation of the Plan, and the objections have been fully and fairly litigated or resolved, including by agreed-upon provisions as set forth in this Confirmation Order. All withdrawn objections are deemed withdrawn with prejudice.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;86. **Omission of Reference to Potential Plan Provisions.** The failure to specifically include or refer to any particular article, section, or provision of the Plan or the Plan Supplement in this Confirmation Order shall not diminish or impair the effectiveness of such article, section, or provision, it being the intent of this Bankruptcy Court that the Plan and any related documents be confirmed and approved in their entirety.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;87. **Deemed Acceptance of Plan.** In accordance with section 1126 of the Bankruptcy Code and Bankruptcy Rule 3019, all Holders of Claims and Interests who voted to accept the Plan or who are conclusively presumed to accept the Plan are deemed to have accepted the Plan.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;88. **No Action Required.** Under section 1142(b) of the Bankruptcy Code and any other comparable provisions under applicable Law, no action of the respective directors, equity holders, managers, or members of any of the Debtors is required to authorize any of the Debtors or the Reorganized Debtors, as applicable, to enter into, execute, deliver, File, adopt, amend, restate, consummate, or effectuate, as the case may be, the Plan, the Restructuring Transactions, and any contract, assignment, certificate, instrument, or other document to be executed, delivered, adopted, or amended in connection with the implementation of the Plan, including the Exit Facilities, the Earn Out Agreement, the GUC Trust Agreement, the New Organizational Documents, and the appointment and election of the members of the New Board and the officers, directors, and/or managers of each of the Reorganized Debtors, as applicable.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;89. Subject to the terms of Article IV of the Plan, the Debtors, the Reorganized Debtors, and the GUC Trustee, as applicable, are also authorized from and after the date of entry of this Confirmation Order to negotiate, execute, issue, deliver, implement, File, or record any contract, instrument, release, or other agreement or document, or take any action necessary or appropriate to implement the transactions contemplated by the Plan.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;90. **Binding Effect.** Subject to Article IX.A of the Plan and notwithstanding Bankruptcy Rules 3020(e), 6004(h), or 7062 or otherwise, upon the occurrence of the Effective Date, the terms of the Plan and the Restructuring Transactions (and any documents related or ancillary thereto, including any Liens and security interests and, for the avoidance of doubt, the documents and instruments contained in the Plan Supplement) shall be immediately effective and enforceable and not subject to avoidance or other challenge, legal or otherwise, and deemed binding upon the Debtors, the Reorganized Debtors, any and all Holders of Claims or Interests (irrespective of whether Holders of such Claims or Interests have, or are deemed to have, accepted the Plan), all Entities that are parties to or are subject to the settlements, compromises, releases, discharges, and injunctions described in the Plan, each Entity acquiring property under the Plan, and any and all non-Debtor parties to Executory Contracts and Unexpired Leases with the Debtors.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;91. **Incorporation by Reference.** The terms and provisions of the Plan are incorporated by reference and are an integral part of this Confirmation Order. The terms of the Plan, the Plan Supplement, all exhibits thereto, this Confirmation Order, the Definitive Documents, and all other relevant and necessary documents shall, on and after the Effective Date, be binding in all respects upon, and shall inure to the benefit of, the Debtors, their Estates and their creditors, and their respective successors and assigns, non-Debtor affiliates, any affected third parties, all Holders of Interests, all Holders of any Claims, whether known or unknown, against the Debtors, including, but not limited to, all contract counterparties, leaseholders, Governmental Units, and any trustees, examiners, administrators, responsible officers, estate representatives, or similar Entities for the Debtors, if any, subsequently appointed in any of the Chapter 11 Cases or upon a conversion to chapter 7 under the Bankruptcy Code of any of the Chapter 11 Cases, and each of their respective affiliates, successors, and assigns.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;92. **Vesting of Assets in the Reorganized Debtors.** Except as otherwise provided in the Plan (including, for the avoidance of doubt, the Plan Supplement, the Restructuring Transactions Steps Memorandum, and the vesting of the GUC Trust Assets into the GUC Trust), or any agreement, instrument, or other document incorporated in, or entered into in connection with or pursuant to, the Plan or Plan Supplement, on the Effective Date, all property in each Estate, all Causes of Action that are not released, waived, or extinguished pursuant to the Plan, and any property acquired by any of the Debtors pursuant to the Plan shall vest in each respective Reorganized Debtor, and/or any successors, assigns, or transferees of the applicable Debtors or Reorganized Debtors, including in connection with the Restructuring Transactions, free and clear of all Liens, Claims, charges, Causes of Action, or other encumbrances and interests. On and after the Effective Date, except as otherwise provided herein or in the Plan, each Reorganized Debtor may operate its business and may use, acquire, or dispose of property and compromise or settle any Claims, Interests, or Causes of Action without supervision or approval by the Bankruptcy Court and free of any restrictions of the Bankruptcy Code or Bankruptcy Rules in all respects.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;93. After the Effective Date, a certified copy of this Confirmation Order may be filed with the appropriate clerk or recorded with the recorder of any federal, state, province, county, or local authority, whether foreign or domestic, to act to effectuate the transfer of all property in each Estate (with the exception of the GUC Trust Assets transferred or issued to the GUC Trust and governed by the Plan and the GUC Trust Agreement) to the Reorganized Debtors, vesting the Reorganized Debtors with all right, title, and interest of the Debtors to the property in each Estate, free and clear of all Liens, Claims, Interests, and other encumbrances of record.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;94. **Effectiveness of All Actions.** All actions contemplated by the Plan, including all actions contemplated by or in connection with the Exit Facilities, the New Organizational Documents, the GUC Trust Agreement, the Earn Out Agreement, and any other Definitive Documents, are hereby effective and authorized to be taken on, prior to, or after the Effective Date, as applicable, under this Confirmation Order, without further application to, or order of the Bankruptcy Court, or further action by the respective officers, directors, managers, members, or equity holders of the Debtors or the Reorganized Debtors and with the effect that such actions had been deemed taken by unanimous action of such officers, directors, managers, members, or equity holders.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;95. **Release, Exculpation, Discharge, and Injunction Provisions.** The release, exculpation, discharge, and injunction provisions embodied in the Plan, including for the avoidance of doubt, those contained in Article VIII.A–F of the Plan, are incorporated herein in their entirety, are hereby approved and authorized in their entirety, and shall be immediately effective and binding on the Effective Date on all Persons and Entities to the extent provided in the Plan, without further notice to, order of, or action by this Bankruptcy Court.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;96. **Preservation of Causes of Action.** Except as otherwise provided in the Plan, this Confirmation Order, or in any contract, instrument, release, or other agreement entered into or delivered in connection with the Plan, in accordance with section 1123(b)(3) of the Bankruptcy Code, each Reorganized Debtor shall retain and may enforce all rights to commence and pursue, as appropriate, any and all Causes of Action of the Debtors whether arising before or after the Petition Date, including any actions specifically enumerated in the Schedule of Retained Causes of Action, and, as applicable, the Reorganized Debtors' rights to commence, prosecute, or settle such retained Causes of Action shall be preserved notwithstanding the occurrence of the Effective Date or any other provision of the Plan to the contrary, other than the Causes of Action previously released by the Debtors under the DIP Orders or released by the Debtors pursuant to the releases and exculpations contained in the Plan, including in Article VIII thereof, which shall be deemed released and waived by the Debtors and the Reorganized Debtors as of the Effective Date.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;97. **Executory Contracts and Unexpired Leases.** The provisions governing the treatment of Executory Contracts and Unexpired Leases set forth in Article V of the Plan (including the procedures regarding the resolution of any and all disputes concerning the assumption, assumption and assignment, Cure, or rejection, as applicable, of such Executory Contracts and Unexpired Leases) shall be, and hereby are, approved in their entirety.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;98. For the avoidance of doubt, on the Effective Date, except as otherwise provided in the Plan or this Confirmation Order, all Executory Contracts or Unexpired Leases shall be deemed assumed by the applicable Reorganized Debtor, in accordance with the provisions and requirements of sections 365 and 1123 of the Bankruptcy Code, other than those that: (a) are identified on the Schedule of Rejected Executory Contracts and Unexpired Leases; (b) previously expired or terminated pursuant to their own terms; (c) have been previously assumed or rejected by the Debtors pursuant to a Final Order; (d) are the subject of a motion to reject that is pending on the Effective Date; or (e) have an ordered or requested effective date of rejection that is after the Effective Date.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;99. For the avoidance of doubt, unless otherwise provided in the Plan, and subject to Article V and Article IV.D thereof, the Reorganized Debtors shall: (a) assume the Assumed Agreements; and (b) assume and/or honor in the ordinary course of business any contracts, agreements, policies, programs, and plans, in accordance with their respective terms, for compensation, including any incentive plans, retention plans, health care benefits, disability benefits, deferred compensation benefits, savings, severance benefits, retirement benefits, welfare benefits, workers' compensation insurance, supplemental executive retirement plans, change-in-control agreements, and accidental death and dismemberment insurance for the directors, officers, and employees of any of the Debtors who served in such capacity on or after the effective date of the RSA.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;100. Unless a party to an Executory Contract or Unexpired Lease has objected no later than the objection deadline specified in the Plan to the Cure amounts and any assumption or assumption and assignment of such Executory Contract or Unexpired Lease identified in the Plan Supplement and any amendments thereto, as applicable, the Debtors or the Reorganized Debtors, as applicable, shall pay such Cure amounts in accordance with the terms of the Plan or as otherwise agreed to between the Debtors and the counterparty to each such assumed or assumed and assigned Executory Contract or Unexpired Lease. The assumption or assumption and assignment of any Executory Contract or Unexpired Lease, pursuant to the Plan or otherwise, shall result in the full release and satisfaction of any Claims or defaults, whether monetary or nonmonetary, including relating to such assumption and assignment, defaults of provisions relating to any anti-assignment provisions or restricting the change in control or ownership interest composition or other bankruptcy-related defaults, arising under any assumed Executory Contract or Unexpired Lease at any time prior to the effective date of assumption or assumption and assignment. Any disputed Cure amounts shall be determined in accordance with the procedures set forth in Article V.C of the Plan and applicable bankruptcy and nonbankruptcy law. For the avoidance of doubt, any Executory Contract or Unexpired Lease assumed or assumed and assigned pursuant to the Plan or otherwise may not be terminated on account of such assumption or assumption and assignment or on account of the Plan, the transactions contemplated therein, or any change of control or ownership interest composition that may occur at any time before or on the Effective Date. Each Executory Contract or Unexpired Lease assumed or assumed and assigned pursuant to the Plan shall revest in, and be fully enforceable by, the applicable Reorganized Debtors in accordance with its terms, including in accordance with any amendments executed by the Debtors and the counterparties to the applicable Executory Contract or Unexpired Lease during these Chapter 11 Cases and effective upon the assumption by the Debtors, except as modified by the provisions of the Plan, this Confirmation Order, or any order of this Bankruptcy Court authorizing and providing for its assumption; *provided* that, prior to the Effective Date and in connection with such assumption, any such terms that are rendered unenforceable by the provisions of the Plan or the Bankruptcy Code shall remain unenforceable solely in connection therewith.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;101. The Debtors' determinations regarding the assumption, assumption and assignment, or rejection of Executory Contracts and Unexpired Leases are based on and within the sound business judgment of the Debtors, are necessary to the implementation of the Plan, and are in the best interests of the Debtors, their Estates, Holders of Claims or Interests, and other parties in interest in these Chapter 11 Cases. This Confirmation Order shall constitute a Final Order approving the assumptions, assumptions and assignments, and rejections of the Executory Contracts and Unexpired Leases as set forth in the Plan and the Schedule of Assumed Executory Contracts and Unexpired Leases pursuant to sections 365(a) and 1123 of the Bankruptcy Code.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;102. **Plan Supplement**. The Debtors reserve the right to alter, amend, modify, or supplement any document in the Plan Supplement in accordance with the RSA and the Plan at any time before the Effective Date of the Plan or any such other date as may be provided for by the Plan or by order of the Bankruptcy Court.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;103. **Restructuring Transactions**. Subject to the terms of the RSA and the Plan, the Debtors or Reorganized Debtors, as applicable, are hereby authorized, immediately upon entry of this Confirmation Order (but subject to the occurrence of the Effective Date), to enter into and take all steps desirable or necessary to effectuate the Restructuring Transactions, the entry into and consummation of the transactions contemplated by the Plan, the Plan Supplement, and the New Organizational Documents, as the same may be modified in accordance with the RSA or the Plan from time to time prior to the Effective Date (including any restructuring transaction steps set forth in the Restructuring Transactions Steps Memorandum or other exhibits to or referred to in the Plan Supplement), and may take any actions as may be necessary or appropriate to effect a corporate restructuring of their respective businesses or a corporate restructuring of the overall corporate structure of the Reorganized Debtors, in each case as and to the extent provided in the Plan. Any transfers of assets, Claims, or equity interests effected or any obligations incurred through the Restructuring Transactions as contemplated by and in accordance with the RSA and the Plan (including the deemed contributions of Claims or the transfers of assets of and/or Claims and Liens against a Debtor or Reorganized Debtor or its property contemplated in the Restructuring Transactions Steps Memorandum) are hereby approved and shall be deemed not to constitute a fraudulent conveyance, fraudulent transfer, or undervalued transaction or any similar avoidable or voidable transaction and shall not otherwise be subject to avoidance, recharacterization, or subordination for any purposes whatsoever and shall not constitute an unfair preference or a preferential transfer, fraudulent conveyance, or any similar avoidable or voidable transaction under the Bankruptcy Code or any applicable Law, whether federal, state, or foreign Law. Except as otherwise provided in the Plan, each Reorganized Debtor shall continue to exist after the Effective Date as a separate corporate Entity, limited liability company, partnership, or other form, as the case may be, with all the powers of a corporation, limited liability company, partnership, or other form, as the case may be, under the applicable Law in the jurisdiction in which such applicable Debtor is incorporated or formed. The Debtors or the Reorganized Debtors, as applicable, are hereby authorized, immediately upon entry of this Confirmation Order, without any further notice to, action by, or the need to seek any third-party consents, corporate approvals, or further approvals of this Bankruptcy Court, to take any and all actions necessary to implement the Restructuring Transactions contemplated by the Restructuring Transactions Steps Memorandum and consistent with the Plan, including the transfers of assets of and/or Claims and Liens against a Debtor or Reorganized Debtor, as applicable, or its property.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;104. **Cancellation of Existing Securities and Agreements.** On the Effective Date, except to the extent otherwise provided in the Plan, this Confirmation Order, or the Final DIP Order, all notes, instruments, certificates, and other documents evidencing Claims or Interests, including credit agreements, warrant agreements, and indentures, shall automatically be deemed cancelled, discharged, and of no further force and effect, and the obligations of the Debtors and any non-Debtor Affiliate thereunder or in any way related thereto shall be deemed satisfied in full, cancelled, discharged, and of no force or effect, and the Agents shall be released from all duties and obligations thereunder. Holders of or parties to such cancelled instruments, certificates, and other documentation will have no rights arising from or relating to such instruments, securities, and other documentation, or the cancellation thereof, except the rights provided for pursuant to the Plan, this Confirmation Order, or the Final DIP Order, to the extent applicable under the respective terms thereof.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;105. Notwithstanding anything to the contrary contained herein, any agreement that governs the rights of the Consenting Stakeholders shall continue in effect for the purposes of allowing (a) the Consenting Stakeholders to enforce their rights against any Person other than any of the Released Parties, pursuant and subject to the terms of the Plan, the DIP Orders, the DIP Documents, or the New CTCI Documents, as applicable, (b) the DIP Agents and CTCI to receive distributions under the Plan and to distribute them to the Holders of the Allowed DIP Claims, in accordance with the terms of the Plan, the DIP Orders, the DIP Documents, or the New CTCI Documents, as applicable, (c) the DIP Agents and CTCI to enforce their rights to payment of fees, expenses, and indemnification obligations, in accordance with the terms of the DIP Orders, the DIP Documents, or the New CTCI Documents, as applicable, and (d) the DIP Agents and CTCI to appear and be heard in these Chapter 11 Cases or in any proceeding in the Bankruptcy Court, including to enforce any obligation under the Plan owed to the DIP Agents, CTCI, or Holders of the Allowed DIP Claims, as applicable.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;106. Notwithstanding the foregoing or anything to the contrary herein, any such agreement that governs the rights of the Holder of a Claim or Interest shall continue in effect solely for purposes of, as applicable: (a) enabling Holders of Allowed Claims under such agreements to receive distributions under the Plan as provided therein; and (b) allowing and preserving the rights of the Agents and any other applicable paying agent to (i) make distributions in satisfaction of Allowed Claims under such agreements, (ii) maintain and exercise their respective charging liens against any such distributions, and to preserve any rights of the Agents to payment of fees and expenses as against any distributions to the Holders, including any rights to priority of payment and/or to exercise charging liens (if any) and enforce their rights under such agreement, (iii) seek compensation and reimbursement for any reasonable and documented fees and expenses incurred in making such distributions, (iv) maintain and enforce any right to indemnification, expense reimbursement, contribution, or subrogation or any other claim or entitlement, (v) exercise their rights and obligations relating to the interests of their Holders, and (vi) appear and be heard in these Chapter 11 Cases.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;107. **Distributions.** The procedures governing distributions in Article VI of the Plan shall be, and hereby are, approved in their entirety.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;108. **Subordination.** Pursuant to section 510 of the Bankruptcy Code, the Reorganized Debtors reserve the right to re-classify any Allowed Claim or Allowed Interest in accordance with any contractual, legal, or equitable subordination relating thereto.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;109. **Release of Liens.** Except as otherwise provided in the DIP Documents, the New CTCI Documents, the Exit Facilities Documents, the Plan, the Confirmation Order, or any contract, instrument, release, or other agreement or document created pursuant to the Plan, on the Effective Date and concurrently with the applicable distributions made pursuant to the Plan and, in the case of a Secured Claim, satisfaction in full of the portion of the Secured Claim that is Allowed as of the Effective Date, except for Other Secured Claims that the Debtors elect to Reinstate in accordance with Article III.B.1 of the Plan, all mortgages, deeds of trust, Liens, pledges, or other security interests against any property of the Estates shall be fully released and discharged, and all of the right, title, and interest of any Holder of such mortgages, deeds of trust, Liens, pledges, or other security interests shall revert to the Reorganized Debtors and their successors and assigns. Any Holder of such Secured Claim (and the applicable agents for such Holder) shall be authorized and directed, at the sole cost and expense of the Reorganized Debtors, to release any collateral or other property of any Debtor (including any Cash Collateral and possessory collateral) held by such Holder (and the applicable agents for such Holder), and to take such actions as may be reasonably requested by the Reorganized Debtors to evidence the release of such Lien, including the execution, delivery, and filing or recording of such releases. The presentation or filing of this Confirmation Order to or with any federal, state, provincial, or local agency or department shall constitute good and sufficient evidence of, but shall not be required to effect, the termination of such Liens.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;110. **Exit Facilities**. On the Effective Date, the Reorganized Debtors shall enter into the Exit Facilities, the terms of which are or will be set forth in the Exit Facilities Documents. Confirmation of the Plan shall be deemed approval of the Exit Facilities and the Exit Facilities Documents, as applicable, and all transactions contemplated thereby, and all actions to be taken, undertakings to be made, and obligations to be incurred by the Reorganized Debtors in connection therewith, including the payment of all fees, indemnities, expenses, and other payments provided for therein, and authorization of the Reorganized Debtors to enter into and execute the Exit Facilities Documents and such other documents as may be required to effectuate the treatment afforded by the Exit Facilities. Execution of the Exit Facilities Documents by the applicable Agent shall be deemed to bind all applicable lenders under such documents as if each lender had executed the applicable Exit Facilities Documents with appropriate authorization.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;111. On the Effective Date, without need for further notice to, or approval of, this Bankruptcy Court or any other Entity, subject to any applicable consent or approval rights of the Consenting Stakeholders under the Plan and RSA, all of the Liens and security interests to be granted in accordance with the Exit Facilities Documents shall: (a) be deemed to be granted; (b) be legal, binding, and enforceable Liens on, and security interests in, the collateral granted thereunder in accordance with the terms of the Exit Facilities Documents; (c) be deemed automatically perfected on the Effective Date, subject only to such Liens and security interests as may be permitted under the Exit Facilities Documents; (d) not be enjoined or subject to recharacterization, discharge, release, avoidance, impairment, or subordination (equitable or otherwise) for any purposes whatsoever; and (e) not constitute preferential transfers or fraudulent conveyances under the Bankruptcy Code or any applicable nonbankruptcy law. The Reorganized Debtors and the Persons and Entities granted such Liens and security interests shall be authorized to make all filings and recordings, and to obtain all governmental approvals and consents necessary to establish and perfect such Liens and security interests under the provisions of the applicable state, federal, or other Law that would be applicable in the absence of the Plan and this Confirmation Order (it being understood that perfection shall occur automatically by virtue of the entry of this Confirmation Order, and any such filings, recordings, approvals, and consents shall not be required), and will thereafter cooperate to make all other filings and recordings that otherwise would be necessary under applicable Law to give notice of such Liens and security interests to third parties.

[For the avoidance of doubt, it shall be a condition precedent to the Effective Date that the Definitive Documents with respect to the exit financing and provisions of liquidity contemplated in the Confirmation Declarations shall have been executed.]<sup>6</sup>

<sup>6</sup> [**<u>NTD</u>**: To solely include if no signed term sheet on the new money exit by the time of filing.]

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;112. **New Organizational Documents and the Issuance of New Common Equity and New Preferred Equity.** The terms of the New Organizational Documents, attached to the Plan Supplement, as may be amended, restated, amended and restated, supplemented or modified on or before the Effective Date consistent with the RSA and the Plan, are approved in all respects. To the extent any New Organizational Document is not attached to the Plan Supplement as of the entry of this Confirmation Order, such New Organizational Document is approved to the extent it is consistent with this Confirmation Order, the Plan, and the Plan Supplement (including any applicable consent rights set forth therein). The obligations of Reorganized GCEH and the other Reorganized Debtors related thereto will, upon execution, constitute legal, valid, binding, and authorized obligations of each of the Reorganized Debtors, as applicable, enforceable in accordance with their terms and not in contravention of any state, federal, or foreign Law. To the extent applicable, entry of this Confirmation Order shall be deemed approval of the New Organizational Documents and the issuance of New Common Equity and New Preferred Equity contemplated thereunder (in each case, including the transactions and related agreements contemplated thereby, and all actions to be taken, undertakings to be made, and obligations to be incurred and fees and expenses to be paid by Reorganized GCEH, and/or any successors, assigns, or transferees of Reorganized GCEH, including in connection with the Restructuring Transactions, as applicable, in connection therewith), to the extent not approved by the Bankruptcy Court previously, and on the Effective Date, without any further action by the Bankruptcy Court or the directors, officers, or equity holders of any of the Reorganized Debtors, each Reorganized Debtor will be and is authorized to enter into the New Organizational Documents and all related documents to which such Reorganized Debtor is contemplated to be a party on the Effective Date.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;113. In addition, on the Effective Date, without any further action by the Bankruptcy Court or the directors, officers or equity holders of Reorganized GCEH, Reorganized GCEH will be and is authorized to: (a) execute, deliver, File, and record any other contracts, assignments, certificates, instruments, agreements, guaranties, or other documents executed or delivered in connection with the New Organizational Documents; (b) issue the New Common Equity; (c) issue the New Preferred Equity; (d) perform all of its obligations under the New Organizational Documents; and (e) take all such other actions as any of the responsible officers of Reorganized GCEH may determine are necessary, appropriate, or desirable in connection with the consummation of the transactions contemplated by the New Organizational Documents and for the issuance of the New Common Equity and the New Preferred Equity. Notwithstanding anything to the contrary in this Confirmation Order or Article XI of the Plan, after the Effective Date, any disputes arising under the New Organizational Documents will be governed by the jurisdictional provisions therein. For the avoidance of doubt, any claimant's acceptance of the New Common Equity or the New Preferred Equity shall be deemed as its agreement to be bound by the New Organizational Documents without the need for execution by any party other than Reorganized GCEH.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;114. **Issuance of New Common Equity and New Preferred Equity.** On or prior to the Effective Date, Reorganized GCEH shall take steps to provide that the New Common Equity and the New Preferred Equity is issued and/or transferred in accordance with the terms of the Plan, this Confirmation Order, the New Organizational Documents, and applicable Law (including applicable Securities Laws).

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;115. **Establishment of the GUC Trust and Approval of the GUC Trust Agreement.** On the Effective Date, the Debtors and the GUC Trustee shall execute the GUC Trust Agreement attached to the Plan Supplement, as may be altered, amended, modified, or supplemented in accordance with the Plan. The GUC Trust Agreement is approved and the Debtors, the Reorganized Debtors, and the GUC Trustee, as applicable, are authorized and directed to execute and perform under the GUC Trust Agreement without further order of the Bankruptcy Court. The GUC Trustee is vested with all of the power and authority set forth in the Plan and the GUC Trust Agreement and otherwise as is necessary and proper to carry out the provisions of the Plan or the GUC Trust Agreement, as applicable.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;116. **Provisions Regarding the Department of Justice.** Subject to the requirements applicable to Governmental Units set forth in the Bar Date Order, nothing in this Confirmation Order or the Plan discharges, releases, precludes, or enjoins the enforcement of: (a) any police or regulatory liability to any Governmental Unit that is not a Claim; (b) any Claim of a Governmental Unit arising on or after the Effective Date; (c) any liability to a Governmental Unit under police or regulatory law, statutes, or regulations that any entity would be subject to as the owner, lessor, lessee, permittee, controller, or operator of property or a facility after the Effective Date, including, but not limited to, liability for contamination, pollution, hazardous or toxic substances, protection of the environment, and impacts on human health, safety, and welfare; or (d) any liability of any non-Debtor to any Governmental Unit. Nothing in this Confirmation Order or the Plan, including Article VIII of the Plan, shall enjoin or otherwise bar a Governmental Unit from asserting or enforcing any liability described in the preceding sentence or affect any setoff or recoupment rights of any Governmental Unit. Nothing in this Confirmation Order or the Plan authorizes the transfer or assignment of any governmental (i) lease, (ii) license, (iii) permit, (iv) registration, (v) authorization, (vi) certification, or (vii) approval, or the discontinuation of any obligation thereunder, without compliance with all applicable legal requirements under non-bankruptcy laws, regulations, and rules (including police or regulatory law or environmental law, or otherwise). For the avoidance of doubt, (A) the Bankruptcy Court retains jurisdiction to determine whether environmental claims asserted by any Governmental Unit or other Entity are discharged or otherwise barred by this Confirmation Order, the Plan, or the Bankruptcy Code (it being understood that nothing in this clause (A) divests any tribunal of any concurrent jurisdiction (if any)), and (B) nothing in this Confirmation Order or the Plan divests any tribunal of any jurisdiction it may have under police or regulatory law to interpret this Confirmation Order or the Plan or to adjudicate any defense asserted thereunder.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;117. **Provisions Regarding United States Fire Insurance Company**. Pursuant to the Plan and section 365 of the Bankruptcy Code, the Debtors hereby assume all of their obligations arising under or related to all surety bonds issued by United States Fire Insurance Company (the "<u>Surety Bonds</u>") on behalf of the Debtors in connection with certain ongoing regulatory and contractual obligations related to the Debtors' business operations, including, without limitation, all obligations under any indemnity, collateral, and other agreements (if any) entered into in connection with the Surety Bonds (the "<u>Surety Agreements</u>"). The Surety Bonds and any obligations under the Surety Agreements shall not be discharged, impaired, modified, or otherwise affected by Confirmation of the Plan and shall continue in full force and effect in accordance with their respective terms and applicable nonbankruptcy law. Notwithstanding anything to the contrary in this Confirmation Order, the Plan, or otherwise, the Debtors, the Reorganized Debtors, and the issuers of the Surety Bonds reserve all rights and defenses with respect to any right, claim, interest, or obligation arising under the Surety Bonds or the Surety Agreements.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;118. **Provisions Regarding the Texas Comptroller**. Notwithstanding anything in the Plan or this Confirmation Order to the contrary, as to the Texas Comptroller of Public Accounts (the "<u>Comptroller</u>"): (a) the Plan shall not release or discharge any entity, other than the Debtors or the Reorganized Debtors, from any liability owed to the Comptroller for a tax debt, including interest and penalties on such tax, *provided* that this provision is not an admission by any party that any such liability exists; (b) the Comptroller's setoff rights under section 553 of the Bankruptcy Code are preserved, *provided* that this provision is not an admission by any party that any such rights exist; (c) the Comptroller's statutory rights to postpetition and post-Effective Date interest are preserved to the extent permitted by the Bankruptcy Code, *provided* that, for the avoidance of doubt, the Comptroller is not entitled to postpetition, pre Effective Date interest with respect to any prepetition Claim; and (d) in no event shall the Comptroller be paid in a payment schedule that extends past 60 months of the Petition Date, unless otherwise permitted by applicable Law.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;119. If the Reorganized Debtors fail to pay any Allowed Claims of the Comptroller pursuant to the terms of the Plan, and such failure continues for 15 calendar days following receipt of written notice to the Reorganized Debtors of such failure from the Comptroller, the Comptroller may exercise all rights and remedies under applicable nonbankruptcy Law and seek such relief as may be appropriate in the Bankruptcy Court. Notice of such default shall be served by first-class mail upon the Reorganized Debtors, Global Clean Energy Holdings, Inc., 6451 Rosedale Hwy., Bakersfield, CA 93308, Attn: General Counsel. The Reorganized Debtors shall be allowed to cure up to two such defaults. Upon a third default, the Comptroller, at its option, may proceed to collect the remainder of the debt pursuant to, and to the extent provided under, Texas state Law.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;120. The Debtors', the Reorganized Debtors', and the Comptroller's rights and defenses under the Bankruptcy Code and Texas state Law with respect to the foregoing are fully preserved.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;121. **Provisions Regarding Chevron.** Notwithstanding anything to the contrary in this Confirmation Order, the Plan, or any other document or order related to these Chapter 11 Cases (including with respect to each of the foregoing any schedules, attachments, exhibits, or other documents referenced), this paragraph (including all bullets and subsections below) (the "<u>Chevron Paragraph</u>") shall govern, and to the extent of any inconsistencies between the Chevron Paragraph and any of the foregoing, the Chevron Paragraph shall control, with respect to Chevron U.S.A. Inc. and its affiliates and/or subsidiaries (collectively, "<u>Chevron</u>") and the Debtors.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;a. <u>Chevron Assumed Contracts</u>. The Executory Contracts assumed pursuant to the Plan include each Executory Contract between Chevron and the Debtors (each as amended, supplemented, or otherwise modified from time to time, the "<u>Chevron Assumed Contracts</u>"), which include: (i) that certain Operating Agreement for the Mojave Spur Pipeline, entered into as of January 29, 1997, by and between a predecessor-in-interest to Chevron and certain Debtor(s) (as successor(s)-in-interest) (the "<u>Operating Agreement</u>"); (ii) that certain Connection Agreement, entered into as of August 1, 2023, by and between Chevron, Bakersfield Renewable Fuels, LLC, and any other parties thereto (the "<u>Connection Agreement</u>"); (iii) that certain Reimbursement and Aid in Construction Agreement, entered into as of April 22, 2022, by and between Chevron, Bakersfield Renewable Fuels, LLC, and any other parties thereto (the "<u>Reimbursement Agreement</u>"); (iv) that certain Ownership Agreement for the Mojave Spur Pipeline, entered into as of June 1, 2022, by and between Chevron, Bakersfield Renewable Fuels, LLC, and any other parties thereto (the "<u>Ownership Agreement</u>"); and (v) that certain Operational Balancing Agreement, entered into as of November 1, 2023, by and between Chevron and Bakersfield Renewable Fuels, LLC (the "<u>Balancing Agreement</u>").

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;b. <u>Chevron Consent Rights</u>. For the avoidance of doubt, to the extent that the Chevron Assumed Contracts include consent rights, rights of first refusal, rights of first offer, or other preferential rights to purchase, and/or similar rights restricting the sale, conveyance, transfer, encumbrance, and/or assignment of (i) any of the Chevron Assumed Contracts, (ii) any rights thereunder, and (iii) any of the assets that are the subject of the Chevron Assumed Contracts (collectively, the "<u>Chevron Consent Rights</u>"), such rights are reserved, preserved, and are not waived or impaired with respect to any future transaction. Notwithstanding the Chevron Consent Rights or any other provision in the Chevron Assumed Contracts, however, Chevron does not assert any Chevron Consent Rights with regard to the Plan, including, but not limited to, the Restructuring Transactions contemplated thereby or the assumption of the Chevron Assumed Contracts pursuant to the Plan.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;c. <u>Assumption of the Chevron Assumed Contracts</u>. Upon the later of (i) the Effective Date or (ii) payment of the Cure owed, if any, in connection with each such Chevron Assumed Contract, the Chevron Assumed Contracts are assumed by the Debtors in accordance with section 365 of the Bankruptcy Code, as of the Effective Date. Upon the occurrence of the Effective Date, the Reorganized Debtors and Chevron shall continue to have and perform the obligations under the Chevron Assumed Contracts in accordance with their terms. Subject to section 365(e) of the Bankruptcy Code, in connection with these Chapter 11 Cases, all rights and claims of the parties under the Chevron Assumed Contracts are expressly preserved and nothing in, about, or related to these Chapter 11 Cases (including, without limitation, this Confirmation Order, any other document or order related to these Chapter 11 Cases, the Plan, or any schedules, attachments, exhibits, or other documents referenced in any of the foregoing) shall prevent the parties from maintaining, asserting, or pursuing any right, claim, remedy, or defense against Chevron or the Reorganized Debtors, as applicable, arising under or related to the Chevron Assumed Contracts (including, without limitation, any audit rights, or claims arising from any audit, indemnification, and/or setoff/recoupment rights), *provided, however*, that the foregoing shall not apply to any known monetary defaults by the Debtors under the Chevron Assumed Contracts subject to section 365(b) of the Bankruptcy Code that were included as part of the Cure with respect to the Chevron Assumed Agreements.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;d. <u>Cure Amount</u>. Chevron and the Debtors shall promptly reconcile the amounts, if any, owed as Cure for each Chevron Assumed Contract (the "<u>Chevron Cure</u>"). Chevron's rights with respect to the Chevron Cure are fully preserved, including with respect to seeking adjudication of any dispute with respect to the Chevron Cure from this Bankruptcy Court. Any and all amounts under the Chevron Assumed Contracts that have accrued, but are not yet due, as of the Effective Date shall be paid in the ordinary course pursuant to the terms of such contracts.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;e. <u>No Release by Chevron</u>. Except as expressly provided in this Chevron Paragraph and notwithstanding anything to the contrary in this Confirmation Order, the Plan, any other document or order related to these Chapter 11 Cases, or any schedules, attachments, exhibits, or other documents referenced in any of the foregoing, no Entity is released, nor does Chevron consent to any such release, from any right, claim, remedy, defense, or Cause of Action of Chevron. For clarity, Chevron hereby opts out of any releases set forth in in the Plan, including, but not limited to, Article VIII.D of the Plan, and Chevron shall not be a "Releasing Party" nor a "Released Party" under the Plan.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;122. **Provisions Regarding Personal Injury Claimants**. With respect to the Claims and/or Causes of Action asserted by Andre Murphy, Juan Mendoza, Roberto Cadena, Jr., Michael Mootry, and Manuel Perez (collectively, the "<u>PI Claimants</u>," and such asserted Claims and/or Causes of Action, the "<u>PI Claims</u>") against the applicable Debtors in the action captioned *Murphy v. Global Clean Energy Holdings, Inc*., Case No. BCV-24-102744, currently pending in the Superior Court of the State of California, County of Kern (the "<u>PI Action</u>"), the PI Claims, if any, shall be deemed General Unsecured Claims, and nothing in the Plan or this Confirmation Order shall (a) be a finding that (i) liquidates the PI Claims, if any, or (ii) limits the amount that may be recovered from any available insurance policy that provides coverage with respect to the PI Claims, if any, subject to the provisions of any such insurance policies and applicable Law, (b) be construed to limit, extinguish, or diminish the insurance coverage that may exist that provides coverage with respect to the PI Claims, if any, or (c) preclude the PI Claimants from seeking or obtaining recovery from available insurance, if any. Notwithstanding anything to the contrary in this Confirmation Order, the Plan, or section 362 of the Bankruptcy Code, upon the Effective Date (or, if earlier, one month after the entry of this Confirmation Order), the PI Claimants shall be allowed to proceed to resume the PI Action in order to litigate and liquidate the PI Claims to final judgment or settlement in the PI Action (including any appellate proceedings and collection proceedings); *provided* that any recovery on account of such PI Claims, if any, shall be limited to any available insurance proceeds (including primary and excess insurance coverage), if any, and as General Unsecured Claims in these Chapter 11 Cases, to the extent Allowed. For the avoidance of doubt, nothing in this Confirmation Order or the Plan shall, with respect to a final judgment in the PI Action, give any insurance carrier any defense as to coverage that does not otherwise exist under applicable non-bankruptcy law, and no such carrier may rely on this Confirmation Order or the Plan to assert any defense or avoidance of any coverage of a final judgment or settlement in the PI Action. The PI Claimants are hereby deemed to have opted out of the Third-Party Releases set forth in the Plan, and no PI Claimant shall be a "Releasing Party" or a "Released Party" under the Plan. Nothing in this paragraph shall be deemed an admission as to the amount, basis for, nature, validity, priority, or enforceability of the PI Claims, and the Debtors, the Reorganized Debtors, and the GUC Trustee, as applicable, reserve (i) all rights and defenses with respect thereto and (ii) the ability to object to the PI Claims on any basis. For the avoidance of doubt and notwithstanding anything to the contrary in this paragraph, (A) the Reorganized Debtors shall have no liability on account of the PI Claims, if any, (B) the PI Claimants are barred from seeking any recovery on account of the PI Claims against the Reorganized Debtors, and (C) nothing in this paragraph shall be construed to permit any action that would result in any liability to the Reorganized Debtors.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;123. **Provisions Regarding Certain Litigation Against CTCI and the Debtors**. Notwithstanding anything to the contrary in this Confirmation Order or the Plan (including, without limitation, the Plan Supplement or other documents and agreements entered into by CTCI in anticipation of or connection with or related to the Restructuring Transactions), CTCI shall have all rights, claims, privileges, and arguments to pursue or continue to pursue, as applicable, compensation for indemnification rights, if any, against the Debtors including, without limitation, with respect to the PI Action solely to the extent of available insurance coverage and any proceeds thereof; *provided*, *however*, that the Debtors and the Reorganized Debtors shall not be (a) personally liable for any amounts awarded in any such proceeding, (b) required to participate in any such proceeding, or (c) required to pay any self-insured retention, deductible, or any similar amounts under any applicable insurance policy in order to facilitate the availability of any related proceeds thereof; *provided*, *further*, that any such available insurance coverage and any proceeds thereof are not, and shall not be deemed to be, a payment, distribution, recovery, or other satisfaction for, related to, or on account of (i) any Claim of CTCI against the Debtors or (ii) any prepetition, postpetition, or post-Effective Date obligations of the Debtors or Reorganized Debtors to CTCI or any other party.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;124. **Provision Regarding Docket Nos. 105, 300, 309, 319, 326, and 330.** Mr. David Costaglio shall not be a "Releasing Party" nor a "Released Party" under the Plan.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;125. **Compromise of Controversies.** In consideration for the distributions and other benefits, including releases, provided under the Plan, the provisions of the Plan constitute a good-faith compromise and settlement of all Claims, Interests, and controversies resolved under the Plan, and the entry of this Confirmation Order constitutes approval of such compromise and settlement under Bankruptcy Rule 9019.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;126. **Indemnification Provisions.** All Indemnification Provisions in place as of the Effective Date (whether in the bylaws, certificates of incorporation, other formation documents, board resolutions, or contracts) for the benefit of current and former members of any Governing Body, directors, officers, managers, employees, attorneys, other professionals, and respective agents of, or acting on behalf of, any of the Debtors (collectively, the "<u>Covered Persons</u>") (a) shall be Reinstated, remain intact and irrevocable, and shall survive the Effective Date on terms no less favorable to such current and former members of any Governing Body, directors, officers, managers, employees, attorneys, other professionals, and respective agents of, or acting on behalf of, any of the Debtors than the Indemnification Provisions in place prior to the Effective Date, and (b) shall be assumed by the Reorganized Debtors.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;127. Notwithstanding anything in the Plan to the contrary, effective as of the Effective Date, the Reorganized Debtors shall be deemed to have assumed all unexpired D&O Liability Insurance Policies with respect to the Debtors' directors, managers, officers, and employees serving on or before the Petition Date pursuant to section 365(a) of the Bankruptcy Code, and entry of this Confirmation Order will constitute the Bankruptcy Court's approval of the Reorganized Debtors' assumption of each of the unexpired D&O Liability Insurance Policies. Notwithstanding anything to the contrary contained in the Plan, this Confirmation Order shall not discharge, impair, or otherwise modify any indemnity obligations that the Debtors or Reorganized Debtors owe to the Covered Persons and that are assumed by the foregoing assumption of the D&O Liability Insurance Policies, and each such indemnity obligation that the Debtors or the Reorganized Debtors owe to the Covered Persons will be deemed and treated as an Executory Contract that has been assumed by the Reorganized Debtors under the Plan as to which no Proof of Claim need be Filed. Any Claim arising under or related to the D&O Liability Insurance Policies held by a party that is not a Covered Person is a General Unsecured Claim and shall be treated in accordance with the Plan.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;128. **Authorization to Consummate.** The Debtors are authorized to consummate the Plan after the entry of this Confirmation Order subject to satisfaction or waiver (by the required parties) of the conditions precedent to Consummation set forth in Article IX of the Plan.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;129. **Professional Compensation.** All requests for payment of Professional Fee Claims for services rendered and reimbursement of expenses incurred prior to the Confirmation Date must be Filed no later than 45 days after the Effective Date. The Bankruptcy Court shall determine the Allowed amounts of such Professional Fee Claims after notice and a hearing in accordance with the procedures established by the Bankruptcy Court. The Reorganized Debtors shall pay Professional Fee Claims in Cash in the amount the Bankruptcy Court allows, including from the Professional Fee Escrow Account, which the Reorganized Debtors will establish in trust for the Professionals and fund such account with Cash equal to the Professional Fee Amount on the Effective Date. The Professional Fee Escrow Account shall be maintained in trust solely for the Professionals. Such funds shall not be considered property of the Estates of the Debtors or the Reorganized Debtors. To the extent that funds held in the Professional Fee Escrow Account are insufficient to satisfy the amount of Professional Fee Claims owing to Professionals, such Professionals shall have an Allowed Administrative Claim for any such deficiency, which shall be satisfied in accordance with Article II.A of the Plan.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;130. The amount of Professional Fee Claims owing to the Professionals shall be paid in Cash to such Professionals by the Reorganized Debtors from the Professional Fee Escrow Account as soon as reasonably practicable after such Professional Fee Claims are Allowed. When all such Allowed amounts owing to Professionals have been paid in full, any remaining amount in the Professional Fee Escrow Account shall promptly be paid to the Reorganized Debtors without any further action or order of the Bankruptcy Court.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;131. Upon the Confirmation Date, any requirement that Professionals comply with sections 327 through 331, 363, and 1103 of the Bankruptcy Code in seeking retention or compensation for services rendered after such date shall terminate, and the Debtors or the Reorganized Debtors, as applicable, may employ and pay any Professional in the ordinary course of business without any further notice to or action, order, or approval of the Bankruptcy Court.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;132. **Certain Securities Law Matters**. Pursuant to section 1145 of the Bankruptcy Code and in reliance on the exemption set forth therein, the offering, issuance, and distribution of New Common Equity and New Preferred Equity shall be exempt from, among other things, the registration and prospectus delivery requirements of section five of the Securities Act and any other applicable federal, state, local, or other Law requiring registration prior to the offering, issuance, distribution, or sale of securities. Such shares of New Common Equity and New Preferred Equity issued in reliance on the exemption set forth in section 1145 of the Bankruptcy Code (a) will not be "restricted securities" as defined in rule 144(a)(3) under the Securities Act and (b) will be freely tradable and transferable in the United States by each recipient thereof that (i) is an entity that is not an "underwriter" as defined in section 1145(b)(1) of the Bankruptcy Code, (ii) is not an "affiliate" of the Debtors as defined in Rule 144(a)(1) under the Securities Act, (iii) has not been such an "affiliate" within 90 days of the time of the transfer, and (iv) has not acquired such securities from an "affiliate" within one year of the time of transfer. Notwithstanding the foregoing, the shares of New Common Equity and New Preferred Equity issued in reliance on the exemption set forth in section 1145 of the Bankruptcy Code will remain subject to compliance with applicable securities laws and any rules and regulations of the SEC, if any, applicable at the time of any future transfer of such securities and subject to any restrictions in the New Organizational Documents.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;133. To the extent the exemption provided under section 1145 of the Bankruptcy Code is unavailable for the issuance of any shares of New Common Equity or New Preferred Equity under the Plan, such shares will instead be issued in reliance on section 4(a)(2) of the Securities Act, Regulation D promulgated thereunder, Regulation S under the Securities Act, and/or other available exemptions from registration. Any such shares of New Common Equity or New Preferred Equity will be considered "restricted securities" as defined by Rule 144 of the Securities Act and may not be resold under the Securities Act and applicable state or local securities Laws absent an effective registration statement, or pursuant to an applicable exemption from registration, under the Securities Act and pursuant to applicable securities Laws.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;134. Should the Reorganized Debtors elect, on or after the Effective Date, to reflect any ownership of the securities issued pursuant to the Plan through the facilities of the DTC, the Reorganized Debtors need not provide to DTC any further evidence other than the Plan or this Confirmation Order with respect to the treatment of the securities to be issued under the Plan under applicable securities laws. DTC shall be required to accept and conclusively rely upon the Plan and this Confirmation Order in lieu of a legal opinion regarding whether the securities to be issued under the Plan are exempt from registration and/or eligible for DTC book-entry delivery, settlement, and depository services. Notwithstanding anything to the contrary in the Plan, no Entity (including, for the avoidance of doubt, DTC) may require a legal opinion regarding the validity of any transaction contemplated by the Plan, including, for the avoidance of doubt, whether the securities to be issued under the Plan are exempt from registration and/or eligible for DTC book-entry delivery, settlement, and depository services.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;135. **Cooperation by the DTC.** The DTC, and any participants and intermediaries, shall fully cooperate and facilitate distributions, as applicable, pursuant to the Plan. The DTC and any transfer agent shall be required to accept and conclusively rely upon the Plan or this Confirmation Order in lieu of a legal opinion regarding whether the New Common Equity and the New Preferred Equity are exempt from registration and/or eligible for DTC book-entry delivery, settlement, and depository services.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;136. **Section 1146(a) Exemption.** To the fullest extent permitted by section 1146(a) of the Bankruptcy Code, any transfers (whether from a Debtor to a Reorganized Debtor or to any other Person) of property under the Plan or pursuant to: (a) the issuance, Reinstatement, distribution, transfer, or exchange of any debt, Equity Security, or other interest in the Debtors or the Reorganized Debtors, as applicable, including the New Common Equity, the New Preferred Equity, and the Exit Facilities; (b) the Restructuring Transactions; (c) the creation, modification, consolidation, termination, refinancing, and/or recording of any mortgage, deed of trust, or other security interest, or the securing of additional indebtedness by such or other means; (d) the making, assignment, or recording of any lease or sublease; (e) the grant of collateral as security pursuant to the Plan; (f) the making, delivery, or recording of any deed or other instrument of transfer under, in furtherance of, or in connection with, the Plan, including any deeds, bills of sale, assignments, or other instrument of transfer executed in connection with any transaction arising out of, contemplated by, or in any way related to the Plan; or (g) the Committee Settlement shall not be subject to any document recording tax, stamp tax, conveyance fee, intangibles or similar tax, mortgage tax, real estate transfer tax, mortgage recording tax, Uniform Commercial Code filing or recording fee, regulatory filing or recording fee, or other similar tax or governmental assessment, and upon entry of this Confirmation Order, the appropriate state or local governmental officials or agents shall forego the collection of any such tax or governmental assessment and accept for filing and recordation any of the foregoing instruments or other documents without the payment of any such tax, recordation fee, or governmental assessment. All filing or recording officers (or any other Person with authority over any of the foregoing), wherever located and by whomever appointed, shall comply with the requirements of section 1146(c) of the Bankruptcy Code, shall forego the collection of any such tax or governmental assessment, and shall accept for filing and recordation any of the foregoing instruments or other documents without the payment of any such tax or governmental assessment.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;137. **Documents, Mortgages, and Instruments.** This Confirmation Order is, and shall be, binding upon and shall govern the acts of all Persons or Entities including, without limitation, all filing agents, filing officers, title agents, title companies, recorders of mortgages, recorders of deeds, registrars of deeds, administrative agencies, governmental departments, secretaries of state, federal and state officials, and corresponding officials in all applicable jurisdictions, both foreign and domestic, and all other Persons and Entities who may be required, by operation of Law, the duties of their office, or contract, to accept, file, register, or otherwise record or release any document or instrument. Each and every federal, state, local, and foreign government agency is hereby directed to accept any and all documents and instruments necessary, useful, advisable, or appropriate (including financing statements under the applicable uniform commercial code) to effectuate, implement, and consummate the transactions contemplated by the Plan, including the Restructuring Transactions, and this Confirmation Order and, to the extent such Persons or Entities are not identified by the Debtors or Reorganized Debtors, as applicable, after reasonable due inquiry, the Debtors or Reorganized Debtors, as applicable, shall be granted power of attorney to sign on behalf of such Person or Entity.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;138. **Continued Effect of Stays and Injunction.** Unless otherwise provided in the Plan or this Confirmation Order, all injunctions or stays in effect in these Chapter 11 Cases under sections 105 or 362 of the Bankruptcy Code or any order of the Bankruptcy Court that is in existence upon entry of this Confirmation Order shall remain in full force and effect until the Effective Date. All injunctions or stays contained in the Plan or this Confirmation Order shall remain in full force and effect in accordance with their terms.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;139. **Nonseverability of Plan Provisions Upon Confirmation.** Each term and provision of the Plan is: (a) valid and enforceable pursuant to its terms; (b) integral to the Plan and may not be deleted or modified without the Debtors' or Reorganized Debtors' consent, as applicable; *provided* that this clause (b) shall not impair any consent rights in the RSA related thereto; and (c) nonseverable and mutually dependent.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;140. **Post-Confirmation Modifications.** In accordance with Article X.A of the Plan, without need for further order or authorization of the Bankruptcy Court, the Debtors or the Reorganized Debtors, as applicable, are authorized and empowered to make any and all modifications to any and all documents that are necessary or desirable to effectuate the Plan and the Restructuring Transactions contemplated therein, in each case that are consistent with the Plan, subject to any applicable consents or consultation rights set forth in the Plan or in such documents. Subject to certain restrictions and requirements set forth in section 1127 of the Bankruptcy Code, Bankruptcy Rule 3019, and those restrictions on modifications set forth in the RSA and the Plan, the Debtors expressly reserve their respective rights to revoke or withdraw, or to alter, amend, or modify the Plan with respect to such Debtor, one or more times after Confirmation (but, for the avoidance of doubt, before the Effective Date), and, to the extent necessary, may initiate proceedings in the Bankruptcy Court to so alter, amend, or modify the Plan, or remedy any defect or omission, or reconcile any inconsistencies in the Plan, the Disclosure Statement, or this Confirmation Order, in such matters as may be necessary to carry out the purposes and intent of the Plan. Any such modification or supplement shall be considered a modification of the Plan and shall be made in accordance with Article X.A of the Plan.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;141. **Applicable Nonbankruptcy Law.** The provisions of this Confirmation Order, the Plan and related documents, and any amendments or modifications thereto shall apply and be enforceable notwithstanding any otherwise applicable federal, state, or foreign Law.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;142. **Waiver of Filings.** Any requirement under section 521 of the Bankruptcy Code or Bankruptcy Rule 1007 obligating the Debtors to File any list, schedule, or statement with the Bankruptcy Court or the U.S. Trustee is permanently waived as to any such list, schedule, or statement not Filed as of the Confirmation Date.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;143. **Governmental Approvals Not Required.** This Confirmation Order shall constitute all approvals and consents required, if any, by the Laws, rules, or regulations of any state, federal, or other governmental authority, with respect to the dissemination, implementation, or Consummation of the Plan and the Disclosure Statement, any certifications, documents, instruments, or agreements, and any amendments or modifications thereto, and any other acts referred to in, or contemplated by, the Plan and the Disclosure Statement, including the documents contained in the Plan Supplement, the implementation and consummation of the Restructuring Transactions, and any other documents that are necessary or desirable to implement or consummate the Restructuring Transactions.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;144. **Reporting.** After entry of this Confirmation Order, the Debtors or Reorganized Debtors, as applicable, shall have no obligation to File with the Bankruptcy Court, serve on any parties, or otherwise provide any party with any other report that the Debtors or Reorganized Debtors, as applicable, were obligated to provide under the Bankruptcy Code or an order of the Bankruptcy Court, including obligations to provide any reports to any parties otherwise required under the "first" and "second" day orders entered in these Chapter 11 Cases; *provided* that the Debtors, Reorganized Debtors, or the GUC Trustee, as applicable, will comply with the U.S. Trustee's quarterly reporting requirements. From the Confirmation Date through the Effective Date, the Debtors will File such reports as are required under the Bankruptcy Local Rules.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;145. **Notices of Confirmation and Effective Date.** The Reorganized Debtors shall cause service of the notice of entry of this Confirmation Order and the occurrence of the Effective Date, substantially in the form attached hereto as **<u>Exhibit B</u>** (as may be revised to the applicable Debtors, the "<u>Notice of Effective Date</u>"), to be provided in accordance with Bankruptcy Rules 2002 and 3020(c) on all Holders of Claims and Interests within ten Business Days after the Effective Date or as soon as reasonably practicable thereafter. Notwithstanding the above, no notice of Confirmation or Consummation or service of any kind shall be required to be mailed or made upon any Entity to whom the Debtors mailed notice of the Confirmation Hearing but received such notice returned marked "undeliverable as addressed," "moved, left no forwarding address," "forwarding order expired," or similar reason, unless the Debtors have been informed in writing by such Entity, or are otherwise aware, of that Entity's new address. The Confirmation Hearing Notice, this Confirmation Order, and the Notice of Effective Date are adequate under the particular circumstances of these Chapter 11 Cases, and no other or further notice is necessary.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;146. **Failure of Consummation.** If Consummation does not occur for a Debtor, the Plan and the findings in this Confirmation Order shall be null and void in all respects as to such Debtor, and nothing contained in the Plan or the Disclosure Statement as to such Debtor shall: (a) constitute a waiver or release of any claims (including Claims) by the Debtors, any Holders of Claims or Interests, or any other Entity; (b) prejudice in any manner the rights of the Debtors, any Holders of Claims or Interests, or any other Entity; or (c) constitute an admission, acknowledgement, offer, or undertaking by the Debtors, any Holders of Claims or Interests, or any other Entity.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;147. **Substantial Consummation.** On the Effective Date, the Plan shall be deemed to be substantially consummated under section 1101(2) of the Bankruptcy Code.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;148. **Waiver of Fourteen-Day Stay**. Notwithstanding Bankruptcy Rule 3020(e) or 6004, this Confirmation Order is effective immediately and not subject to any stay.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;149. **References to and Omissions of Plan Provisions.** References to articles, sections, and provisions of the Plan are inserted for convenience of reference only and are not intended to be a part of or to affect the interpretation of the Plan. The failure to specifically include or to refer to any particular article, section, or provision of the Plan in this Confirmation Order shall not diminish or impair the effectiveness of such article, section, or provision, it being the intent of the Bankruptcy Court that the Plan be confirmed in its entirety, except as expressly modified herein, and incorporated herein by this reference.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;150. **Headings.** Headings utilized herein are for convenience and reference only and do not constitute a part of the Plan or this Confirmation Order for any other purpose.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;151. **Effect of Conflict.** This Confirmation Order supersedes any Bankruptcy Court order issued prior to the Confirmation Date that may be inconsistent with this Confirmation Order. If there is any inconsistency between the terms of the Plan and the terms of this Confirmation Order, the terms of this Confirmation Order govern and control.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;152. **Final Order.** This Confirmation Order is a Final Order and the period in which an appeal must be Filed shall commence upon the entry hereof.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;153. **Dissolution of Committee.** On the Effective Date, the Committee and any other statutory committee appointed in these Chapter 11 Cases shall dissolve and members thereof shall be released and discharged from all rights and duties from or related to these Chapter 11 Cases, except with respect to any continuing confidentiality obligations and any applications for compensation. The Reorganized Debtors shall not be responsible for paying any fees or expenses incurred by the members of or advisors to any statutory committee after the Effective Date.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;154. **Retention of Jurisdiction.** The Bankruptcy Court may properly, and upon the Effective Date shall, to the full extent set forth in the Plan, retain jurisdiction over all matters arising out of, and related to, these Chapter 11 Cases, including the matters set forth in Article XI of the Plan, pursuant to sections 105(a) and 1142 of the Bankruptcy Code. Notwithstanding anything in the Plan or this Confirmation Order to the contrary, this Bankruptcy Court retains jurisdiction to the maximum extent otherwise allowed by Law under the applicable circumstances.

---

| | |
|:---|:---|
| Signed: July 28, 2025 |  |
|  | /s/ Alfredo R. Pérez |
|  | Alfredo R. Pérez<br> United States Bankruptcy Judge |

---

**<u>Exhibit A</u>**

**Plan**

**IN THE UNITED STATES BANKRUPTCY COURT<br> FOR THE SOUTHERN DISTRICT OF TEXAS<br> HOUSTON DIVISION**

---

| |
|:---|
| Chapter 11 |
| Case No. 25-90113 (ARP) |
| (Jointly Administered) |

---

**SECOND AMENDED JOINT CHAPTER 11 PLAN OF REORGANIZATION OF<br> GLOBAL CLEAN ENERGY HOLDINGS, INC. AND ITS DEBTOR AFFILIATES**

<br> **THIS PLAN IS BEING SUBMITTED FOR APPROVAL BUT HAS NOT BEEN APPROVED BY THE BANKRUPTCY COURT. THE INFORMATION IN THIS PLAN IS SUBJECT TO CHANGE. THIS PLAN IS NOT AN OFFER TO SELL ANY SECURITIES AND IS NOT SOLICITING AN OFFER TO BUY ANY SECURITIES.**<br>

---

| | | | |
|:---|:---|:---|:---|
| **NORTON ROSE FULBRIGHT US LLP** | **NORTON ROSE FULBRIGHT US LLP** | **KIRKLAND & ELLIS LLP** | **KIRKLAND & ELLIS LLP** |
| Jason L. Boland (SBT 24040542) | Jason L. Boland (SBT 24040542) | **KIRKLAND & ELLIS INTERNATIONAL LLP** | **KIRKLAND & ELLIS INTERNATIONAL LLP** |
| Robert B. Bruner (SBT 24062637) | Robert B. Bruner (SBT 24062637) | Joshua A. Sussberg, P.C. (admitted *pro hac vice*) | Joshua A. Sussberg, P.C. (admitted *pro hac vice*) |
| Julie Harrison (SBT 24092434) | Julie Harrison (SBT 24092434) | Brian Schartz, P.C. (TX Bar No. 24099361) | Brian Schartz, P.C. (TX Bar No. 24099361) |
| Maria Mokrzycka (SBT 24119994) | Maria Mokrzycka (SBT 24119994) | Ross J. Fiedler (admitted *pro hac vice*) | Ross J. Fiedler (admitted *pro hac vice*) |
| 1550 Lamar Street, Suite 2000 | 1550 Lamar Street, Suite 2000 | 601 Lexington Avenue | 601 Lexington Avenue |
| Houston, Texas 77010-3095 | Houston, Texas 77010-3095 | New York, New York 10022 | New York, New York 10022 |
| Telephone: | (713) 651-5151 | Telephone: | (212) 446-4800 |
| Facsimile: | (713) 651-5246 | Facsimile: | (212) 446-4900 |
| Email: | jason.boland@nortonrosefulbright.com | Email: | jsussberg@kirkland.com |
|  | bob.bruner@nortonrosefulbright.com |  | bschartz@kirkland.com |
|  | julie.harrison@nortonrosefulbright.com |  | ross.fiedler@kirkland.com |
|  | maria.mokrzycka@nortonrosefulbright.com |  |  |
|  |  | -and- | -and- |
|  |  | <br> **KIRKLAND & ELLIS LLP** | <br> **KIRKLAND & ELLIS LLP** |
|  |  | **KIRKLAND & ELLIS INTERNATIONAL LLP** | **KIRKLAND & ELLIS INTERNATIONAL LLP** |
|  |  | Peter A. Candel (admitted *pro hac vice*) | Peter A. Candel (admitted *pro hac vice*) |
|  |  | 333 West Wolf Point Plaza | 333 West Wolf Point Plaza |
|  |  | Chicago, Illinois 60654 | Chicago, Illinois 60654 |
|  |  | Telephone: | (312) 862-2000 |
|  |  | Facsimile: | (312) 862-2200 |
|  |  | Email: | peter.candel@kirkland.com |
| *Co-Counsel to the Debtors* | *Co-Counsel to the Debtors* | *Co-Counsel to the Debtors* | *Co-Counsel to the Debtors* |
| *and Debtors in Possession* | *and Debtors in Possession* | *and Debtors in Possession* | *and Debtors in Possession* |
| Dated: July 3, 2025 | Dated: July 3, 2025 |  |  |

---

<sup>1</sup> A complete list of each of the Debtors in these chapter 11 cases may be obtained on the website of the Debtors' claims and noticing agent at https://dm.epiq11.com/GCEHoldings. The location of Debtor Global Clean Energy Holdings, Inc.'s principal place of business and the Debtors' service address in these chapter 11 cases is: 6451 Rosedale Highway, Bakersfield, California 93308.

**<u>**TABLE OF CONTENTS**</u>**

---

| | | |
|:---|:---|:---|
| Article I. DEFINED TERMS, RULES OF INTERPRETATION, COMPUTATION OF TIME, AND GOVERNING LAW | Article I. DEFINED TERMS, RULES OF INTERPRETATION, COMPUTATION OF TIME, AND GOVERNING LAW | 1 |
| A. | Defined Terms. | 1 |
| B. | Rules of Interpretation. | 16 |
| C. | Computation of Time. | 16 |
| D. | Governing Law. | 16 |
| E. | Reference to Monetary Figures. | 17 |
| F. | Reference to the Debtors or the Reorganized Debtors. | 17 |
| G. | Nonconsolidated Plan. | 17 |
| H. | Controlling Document. | 17 |
| I. | Consultation, Notice, Information, and Consent Rights. | 17 |
| Article II. ADMINISTRATIVE CLAIMS, PRIORITY CLAIMS, AND RESTRUCTURING EXPENSES | Article II. ADMINISTRATIVE CLAIMS, PRIORITY CLAIMS, AND RESTRUCTURING EXPENSES | 18 |
| A. | Administrative Claims. | 18 |
| B. | DIP Claims. | 18 |
| C. | Professional Fee Claims. | 19 |
| D. | Priority Tax Claims. | 19 |
| E. | Payment of Restructuring Expenses. | 20 |
| Article III. CLASSIFICATION AND TREATMENT OF CLAIMS AND INTERESTS | Article III. CLASSIFICATION AND TREATMENT OF CLAIMS AND INTERESTS | 20 |
| A. | Classification of Claims and Interests. | 20 |
| B. | Treatment of Claims and Interests. | 21 |
| C. | Special Provision Governing Unimpaired Claims. | 24 |
| D. | Elimination of Vacant Classes. | 24 |
| E. | Voting Classes, Presumed Acceptance by Non-Voting Classes. | 25 |
| F. | Intercompany Interests. | 25 |
| G. | Confirmation Pursuant to Sections 1129(a)(10) and 1129(b) of the Bankruptcy Code. | 25 |
| H. | Controversy Concerning Impairment. | 25 |
| I. | Subordinated Claims. | 25 |
| Article IV. MEANS FOR IMPLEMENTATION OF THE PLAN | Article IV. MEANS FOR IMPLEMENTATION OF THE PLAN | 26 |
| A. | General Settlement of Claims and Interests. | 26 |
| B. | Restructuring Transactions. | 26 |
| C. | Director, Officer, and Manager Liability Insurance. | 26 |
| D. | Employment Obligations. | 27 |
| E. | Cancellation of Notes, Instruments, Certificates, and Other Documents. | 27 |
| F. | Section 1146 Exemption. | 27 |
| G. | The GUC Trust. | 28 |
| H. | The Reorganized Debtors. | 30 |
| I. | Sources of Consideration for Plan Distributions. | 31 |
| J. | Private Company. | 32 |
| K. | Corporate Existence. | 32 |
| L. | Vesting of Assets in the Reorganized Debtors. | 33 |
| M. | Corporate Action. | 33 |
| N. | New Organizational Documents. | 33 |
| O. | Directors and Officers of the Reorganized Debtors. | 33 |
| P. | Effectuating Documents; Further Transactions. | 34 |
| Q. | Certain Securities Law Matters. | 34 |
| R. | Preservation of Causes of Action. | 35 |
| S. | Closing the Chapter 11 Cases. | 35 |

---

---

| | | |
|:---|:---|:---|
| Article V. TREATMENT OF EXECUTORY CONTRACTS AND UNEXPIRED LEASES | Article V. TREATMENT OF EXECUTORY CONTRACTS AND UNEXPIRED LEASES | 36 |
| A. | Assumption and Rejection of Executory Contracts and Unexpired Leases. | 36 |
| B. | Claims Based on Rejection of Executory Contracts or Unexpired Leases. | 37 |
| C. | Cure of Defaults for Assumed Executory Contracts and Unexpired Leases. | 37 |
| D. | Preexisting Obligations to the Debtors Under Executory Contracts and Unexpired Leases. | 38 |
| E. | Insurance Policies. | 38 |
| F. | Modifications, Amendments, Supplements, Restatements, or Other Agreements. | 38 |
| G. | Indemnification Provisions. | 38 |
| H. | Reservation of Rights. | 38 |
| I. | Nonoccurrence of Effective Date. | 38 |
| J. | Contracts and Leases Entered Into After the Petition Date. | 38 |

---

i

---

| | | |
|:---|:---|:---|
| Article VI. PROVISIONS GOVERNING DISTRIBUTIONS | Article VI. PROVISIONS GOVERNING DISTRIBUTIONS | 39.0 |
| A. | Timing and Calculation of Amounts to Be Distributed. | 39.0 |
| B. | Disbursing Agent. | 39.0 |
| C. | Rights and Powers of Disbursing Agent. | 39.0 |
| D. | Delivery of Distributions and Undeliverable or Unclaimed Distributions. | 40.0 |
| E. | Manner of Payment. | 41.0 |
| F. | Compliance with Tax Requirements. | 41.0 |
| G. | Allocations. | 41.0 |
| H. | No Postpetition Interest on Claims. | 41.0 |
| I. | Foreign Currency Exchange Rate. | 42.0 |
| J. | Setoffs and Recoupment. | 42.0 |
| K. | Claims Paid or Payable by Third Parties. | 42.0 |
| Article VII. PROCEDURES FOR RESOLVING CONTINGENT, UNLIQUIDATED, AND DISPUTED CLAIMS | Article VII. PROCEDURES FOR RESOLVING CONTINGENT, UNLIQUIDATED, AND DISPUTED CLAIMS | 43.0 |
| A. | Allowance of Claims. | 43.0 |
| B. | Claims Administration Responsibilities. | 43.0 |
| C. | Disputed Claims Process. | 43.0 |
| D. | Disputed Claims Reserve | 43.0 |
| E. | Estimation of Claims and Interests. | 44.0 |
| F. | Adjustment to Claims or Interests without Objection. | 44.0 |
| G. | Disallowance of Claims or Interests. | 44.0 |
| H. | No Distributions Pending Allowance. | 45.0 |
| I. | Distributions After Allowance. | 45.0 |
| Article VIII. SETTLEMENT, RELEASE, INJUNCTION, AND RELATED PROVISIONS | Article VIII. SETTLEMENT, RELEASE, INJUNCTION, AND RELATED PROVISIONS | 45.0 |
| A. | Discharge of Claims and Termination of Interests. | 45.0 |
| B. | Release of Liens. | 45.0 |
| C. | Releases by the Debtors. | 46.0 |
| D. | Releases by the Releasing Parties. | 47.0 |
| E. | Exculpation. | 48.0 |
| F. | Injunction. | 49.0 |
| G. | Protections Against Discriminatory Treatment. | 49.0 |
| H. | Document Retention. | 50.0 |
| I. | Reimbursement or Contribution. | 50.0 |
| Article IX. CONDITIONS PRECEDENT TO CONSUMMATION OF THE PLAN | Article IX. CONDITIONS PRECEDENT TO CONSUMMATION OF THE PLAN | 50.0 |
| A. | Conditions Precedent to the Effective Date. | 50.0 |
| B. | Waiver of Conditions. | 51.0 |
| C. | Effect of Failure of Conditions. | 51.0 |
| D. | Substantial Consummation. | 51.0 |
| Article X. MODIFICATION, REVOCATION, OR WITHDRAWAL OF THE PLAN | Article X. MODIFICATION, REVOCATION, OR WITHDRAWAL OF THE PLAN | 52.0 |
| A. | Modification and Amendments. | 52.0 |
| B. | Effect of Confirmation on Modifications. | 52.0 |
| C. | Revocation or Withdrawal of Plan. | 52.0 |
| Article XI. RETENTION OF JURISDICTION | Article XI. RETENTION OF JURISDICTION | 52.0 |
| Article XII. MISCELLANEOUS PROVISIONS | Article XII. MISCELLANEOUS PROVISIONS | 54.0 |
| A. | Immediate Binding Effect. | 54.0 |
| B. | Additional Documents. | 54.0 |
| C. | Payment of Statutory Fees. | 54.0 |
| D. | Statutory Committee and Cessation of Fee and Expense Payment. | 55.0 |
| E. | Reservation of Rights. | 55.0 |
| F. | Successors and Assigns. | 55.0 |
| G. | Notices. | 55.0 |
| H. | Term of Injunctions or Stays. | 58.0 |
| I. | Entire Agreement. | 58.0 |
| J. | Exhibits. | 58.0 |
| K. | Nonseverability of Plan Provisions. | 58.0 |
| L. | Votes Solicited in Good Faith. | 58.0 |
| M. | Waiver or Estoppel. | 58.0 |

---

ii

**INTRODUCTION**

Global Clean Energy Holdings, Inc. and the other above-captioned debtors and debtors in possession (collectively, the "<u>Debtors</u>") propose this Plan for the resolution of the outstanding Claims against and Interests in the Debtors pursuant to chapter 11 of the Bankruptcy Code. Capitalized terms used herein and not otherwise defined have the meanings ascribed to such terms in Article I.A. Although proposed jointly for administrative purposes, the Plan constitutes a separate Plan for each Debtor for the resolution of outstanding Claims and Interests pursuant to the Bankruptcy Code. Holders of Claims against or Interests in the Debtors may refer to the Disclosure Statement for a discussion of the Debtors' history, businesses, assets, results of operations, historical financial information, and projections of future operations, as well as a summary and description of this Plan, the Restructuring Transactions, various risk factors associated therewith, and certain related matters. The Debtors are the proponents of the Plan within the meaning of section 1129 of the Bankruptcy Code.

ALL HOLDERS OF CLAIMS AGAINST OR INTERESTS IN THE DEBTORS, TO THE EXTENT APPLICABLE, ARE ENCOURAGED TO READ THE PLAN AND THE DISCLOSURE STATEMENT IN THEIR ENTIRETY BEFORE VOTING TO ACCEPT OR REJECT THE PLAN.

**Article I. <br> DEFINED TERMS, RULES OF INTERPRETATION,<br> COMPUTATION OF TIME, AND GOVERNING LAW**

A. Defined Terms.

As used in this Plan, capitalized terms have the meanings set forth below.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1. "*Administrative Claim*" means a Claim incurred on or after the Petition Date and before the Effective Date for costs and expenses of administration of the Estates under sections 503(b), 507(a)(2), 507(b), or 1114(e)(2) of the Bankruptcy Code, including: (a) the actual and necessary costs and expenses incurred on or after the Petition Date and before the Effective Date of preserving the Estates and operating the businesses of the Debtors; (b) Allowed Professional Fee Claims; and (c) all fees and charges assessed against the Estates under chapter 123 of title 28 of the United States Code, 28 U.S.C. §§ 1911-1930.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2. "*Affiliate*" has the meaning set forth in section 101(2) of the Bankruptcy Code as if such Entity was a debtor in a case under the Bankruptcy Code.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3. "*Agents*" means, collectively, the Prepetition RCF Agent, the Prepetition Term Loan Agent, and the DIP Agents.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4. "*Allowed*" means, with respect to a Claim or Interest, any Claim or Interest (or portion thereof) against any Debtor that (a) is not Disputed within the applicable period of time, if any, fixed by the Bankruptcy Code, the Bankruptcy Rules, or the Bankruptcy Court, (b) is allowed, compromised, settled, or otherwise resolved pursuant to the terms of the Plan, in any stipulation that is approved by a Final Order of the Bankruptcy Court, or pursuant to any contract, instrument, indenture, or other agreement entered into or assumed in connection herewith, or (c) has been allowed by a Final Order of the Bankruptcy Court. For the avoidance of doubt, any Claim or Interest (or portion thereof) that has been disallowed pursuant to a Final Order shall not be an "Allowed" Claim.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5. "*Assumed Agreements*" means those certain employment agreements with the individuals set forth on <u>Exhibit E</u> to the Restructuring Term Sheet.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6. "*Avoidance Actions*" means any and all actual or potential avoidance, recovery, subordination, or other Claims, Causes of Action, or remedies that may be brought by or on behalf of the Debtors or their Estates or other authorized parties in interest under the Bankruptcy Code or applicable non-bankruptcy law, including Claims, Causes of Action, or remedies under sections 502, 510, 542, 544, 545, 547 through 553, and 724(a) of the Bankruptcy Code or under similar or related local, state, federal, or foreign statutes and common law, including fraudulent transfer laws.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7. "*Bankruptcy Code*" means title 11 of the United States Code, 11 U.S.C. §§ 101–1532, as amended.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;8. "*Bankruptcy Court*" means the United States Bankruptcy Court for the Southern District of Texas.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;9. "*Bankruptcy Rules*" means the Federal Rules of Bankruptcy Procedure promulgated under section 2075 of the Judicial Code and the general, local, and chambers rules of the Bankruptcy Court, including the Procedures for Complex Cases in the Southern District of Texas.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;10. "*Bar Date Order*" means the *Order (I) Establishing Deadlines for the Filing of Proofs of Claim, (II) Approving the Form and Manner of Notice Thereof, (III) Approving the Form and Manner for Filing Proofs of Claim, and (IV) Granting Related Relief* [Docket No. 155] (as amended, modified, or supplemented from time to time in accordance with the terms thereof).

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;11. "*Business Day*" means any day, other than a Saturday, Sunday, or "legal holiday" (as defined in Bankruptcy Rule 9006(a)), or other day on which commercial banks are authorized to close under the Laws of, or are in fact closed in, the state of New York.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;12. "*Cash*" *or* "*$*" means cash and cash equivalents, including bank deposits, checks, and other similar items in legal tender of the United States of America.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;13. *"Cash Collateral"* has the meaning set forth in section 363(a) of the Bankruptcy Code.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;14. "*Causes of Action*" means, collectively, any and all Claims, Interests, damages, remedies, causes of action, demands, rights (including rights to payment), actions, controversies, proceedings, agreements, suits, obligations, liabilities, accounts, defenses, offsets, powers, privileges, licenses, Liens, indemnities, guaranties, and franchises of any kind or character whatsoever, whether known or unknown, foreseen or unforeseen, existing or hereinafter arising, contingent or non-contingent, liquidated or unliquidated, secured or unsecured, assertable, directly or derivatively, matured or unmatured, suspected or unsuspected, whether arising before, on, or after the Petition Date, in contract, tort, Law, equity, or otherwise. "Causes of Action" also includes: (a) all rights of setoff, counterclaim, or recoupment and claims under contracts or for breaches of duties imposed by Law or in equity; (b) the right to object to or otherwise contest Claims or Interests; (c) Claims pursuant to section 362 or chapter 5 of the Bankruptcy Code; (d) such Claims and defenses as fraud, mistake, duress, and usury, and any other defenses set forth in section 558 of the Bankruptcy Code; and (e) any avoidance actions arising under chapter 5 of the Bankruptcy Code or under similar local, state, federal, or foreign statutes and common Law, including fraudulent transfer Laws.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;15. "*CCI Claims*" means Claims arising under or in connection with that certain revised letter agreement, dated as of December 8, 2024 (as amended, modified, amended and restated, or supplemented from time to time consistent with the terms thereof), by and among Castleton Commodities Merchant Trading, L.P. and GCEH.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;16. "*Chapter 11 Cases*" means (a) when used with reference to a particular Debtor, the case pending for that Debtor under chapter 11 of the Bankruptcy Code in the Bankruptcy Court, and (b) when used with reference to all the Debtors, the procedurally consolidated chapter 11 cases pending for the Debtors in the Bankruptcy Court.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;17. "*Claim*" means any claim, as defined in section 101(5) of the Bankruptcy Code, against any of the Debtors.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;18. "*Claims and Noticing Agent*" means Epiq Corporate Restructuring, LLC, the claims, noticing, and solicitation agent retained by the Debtors in the Chapter 11 Cases by Bankruptcy Court order.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;19. "*Claims Bar Date*" means the applicable deadline by which Proofs of Claim must be Filed, as established by (a) the Bar Date Order, (b) a Final Order of the Bankruptcy Court, or (c) the Plan.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;20. "*Claims Register*" means the official register of Claims and Interests in the Debtors maintained by the Claims and Noticing Agent.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;21. "*Class*" means a class of Claims or Interests as set forth in Article III hereof pursuant to section 1122(a) of the Bankruptcy Code.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;22. "*Class B Purchase Agreement*" means that certain Purchase Agreement, dated as of April 16, 2025, by and among Agribody Technologies, Inc., BKRF HCB, LLC, and the Class B Members signatories thereto as sellers.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;23. "*CM/ECF*" means the Bankruptcy Court's Case Management and Electronic Case Filing system.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;24. "*Committee*" means the official committee of unsecured creditors appointed in the Chapter 11 Cases pursuant to section 1102(a) of the Bankruptcy Code, on April 28, 2025, as set forth in *The United States Trustee's Notice of Appointment of Committee of Unsecured Creditors* [Docket Nos. 85 and 87] and as may be reconstituted from time to time.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;25. "*Committee Settlement*" means the settlement agreed to by the Debtors, the Consenting Stakeholders, and the Committee as set forth in the Committee Settlement Term Sheet, and incorporated into this Plan (subject to the terms hereof).

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;26. "*Common Holders*" has the meaning set forth in the Governance Term Sheet.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;27. "*Committee Settlement Term Sheet*" means the term sheet memorializing the Committee Settlement, attached hereto as **<u>Exhibit A</u>**.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;28. "*Confirmation*" means the Bankruptcy Court's entry of the Confirmation Order on the docket of the Chapter 11 Cases.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;29. "*Confirmation Date*" means the date upon which the Bankruptcy Court enters the Confirmation Order on the docket of the Chapter 11 Cases, within the meaning of Bankruptcy Rules 5003 and 9021.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;30. "*Confirmation Hearing*" means the hearing held by the Bankruptcy Court on Confirmation of the Plan, pursuant to Bankruptcy Rule 3020(b)(2) and sections 1128 and 1129 of the Bankruptcy Code, as such hearing may be continued from time to time.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;31. "*Confirmation Order*" means the order of the Bankruptcy Court confirming the Plan pursuant to section 1129 of the Bankruptcy Code.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;32. "*Consenting RCF Lender Advisors*" means Sidley Austin LLP, as legal counsel to the Consenting RCF Lenders and the Prepetition RCF Agent.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;33. "*Consenting RCF Lenders*" has the meaning set forth in the RSA.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;34. "*Consenting Stakeholders*" means, collectively, the Consenting Term Loan Lenders, the Consenting RCF Lenders, and CTCI.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;35. "*Consenting Term Loan Lender Advisors*" means (a) Latham & Watkins LLP, as legal counsel, (b) Hunton Andrews Kurth LLP, as local counsel, (c) Matthew Crisp, as consultant, and (d) Perella Weinberg Partners LP, as investment banker to the Consenting Term Loan Lenders and the Prepetition Term Loan Agent.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;36. "*Consenting Term Loan Lenders*" has the meaning set forth in the RSA.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;37. "*Consumer Price Index*" means the Consumer Price Index published from time to time by the Bureau of Labor Statistics of the United States Department of Labor, U.S. City Average, All Items and Major Group Figures for Urban Wage Earners and Clerical Workers, or any successor or substitute index promulgated by the Bureau of Labor Statistics of the United States Department of Labor.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;38. "*Consummation*" means the occurrence of the Effective Date.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;39. "*Critical Vendors Motion*" means the Debtors' <u>Emergency</u> Motion for Entry of Interim and Final Orders (I) Authorizing the Debtors to Pay Certain Prepetition Claims of (A) 503(b)(9) Claimants, (B) Lien Claimants, (C) Certain Vendors, and (D) USDA Grant Vendors, (II) Confirming Administrative Expense Priority of Outstanding Orders, and (III) Granting Related Relief [Docket No. 8].

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;40. "*CTCI*" means CTCI Americas, Inc.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;41. "*CTCI Advisors*" means, collectively, (a) Davis Wright Tremaine LLP and Haynes and Boone, LLP as legal counsel, and (b) BDO Capital Advisors, LLC, as financial advisor.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;42. "*Cure*" means all amounts, including an amount of $0, required to cure any monetary defaults under any Executory Contract or Unexpired Lease (or such lesser amount as may be agreed upon by the parties under an Executory Contract or Unexpired Lease) that is to be assumed by the Debtors pursuant to sections 365 or 1123 of the Bankruptcy Code.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;43. "*D&O Liability Insurance Policies*" means all insurance policies (including any "tail policy") maintained by or for the benefit of the Debtors for liabilities against any of the Debtors' current or former directors, managers, and officers, and all agreements, documents or instruments relating thereto.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;44. "*Debtor Release*" means the release set forth in Article VIII.C.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;45. "*Debtors*" means, collectively, each of the following: Global Clean Energy Holdings, Inc.; GCE Holdings Acquisitions, LLC; Rosedale FinanceCo LLC; BKRF HCB, LLC; BKRF HCP, LLC; BKRF OCP, LLC; BKRF OCB, LLC; Bakersfield Renewable Fuels, LLC; Agribody Technologies, Inc.; Sustainable Oils, Inc.; GCE International Development, LLC; GCE Texas, LLC; GCEH Ventures, LLC; GCEH CS Acquisition, LLC; and GCE Operating Company, LLC.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;46. "*Definitive Documents*" has the meaning set forth in the RSA.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;47. "*DIP Agents*" means, collectively, the DIP RCF Agent and the DIP Term Loan Agent.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;48. "*DIP Claims*" means any Claim held by (a) the DIP Lenders or the DIP Agents arising under or relating to the DIP Credit Agreements or the DIP Orders on account of funding the DIP Facilities, including any and all fees, interest paid in kind, and accrued but unpaid interest and fees arising under the DIP Facilities, the DIP Credit Agreements, or the other DIP Documents and (b) CTCI arising under or relating to the New CTCI Agreement or the DIP Orders, including any and all amounts arising under the New CTCI Documents subject to the limitations set forth therein.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;49. "*DIP Credit Agreements*" means, collectively, the DIP Term Loan Credit Agreement and the DIP RCF Credit Agreement.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;50. "*DIP Documents*" means, collectively, the DIP Term Loan Documents and the DIP RCF Documents.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;51. "*DIP Facilities*" means, collectively, the DIP Term Loan Facility and the DIP RCF Facility.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;52. "*DIP Lenders*" means, collectively, the DIP Term Loan Lenders and the DIP RCF Lenders.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;53. "*DIP Orders*" means, as applicable, the interim and final orders of the Bankruptcy Court approving, among other things, the terms of the DIP Facilities, each of which shall be in form and substance acceptable to the Required Consenting Stakeholders and consistent with the DIP Credit Agreements, the priority of certain Claims under the New CTCI Agreement as set forth in the New CTCI Documents, the Debtors' entry into the DIP Documents and the New CTCI Documents, and the use of Cash collateral.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;54. "*DIP RCF Agent*" means Vitol Americas Corp., as the administrative agent and collateral agent under the DIP RCF Credit Agreement, including its successors, assigns, or any replacement agent appointed pursuant to the terms of the DIP RCF Credit Agreement.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;55. "*DIP RCF Claims*" means any Claim held by the DIP RCF Lenders or the DIP RCF Agent arising under or relating to the DIP RCF Credit Agreement or the DIP Orders on account of funding the DIP RCF Facility, including any and all fees, interests paid in kind, and accrued but unpaid interest and fees arising under the DIP RCF Facility, the DIP RCF Credit Agreement, or the other DIP RCF Documents.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;56. "*DIP RCF Credit Agreement*" means that certain super-senior secured debtor-in-possession loan and security agreement, dated as of April 16, 2025, by and among the Debtors, the DIP RCF Agent, and the DIP RCF Lenders party thereto, setting forth the terms and conditions of the DIP RCF Facility.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;57. "*DIP RCF Documents*" means, collectively, the DIP RCF Credit Agreement, any amendments, modifications, or supplements to the foregoing, including, but not limited to, any related notes, certificates, agreements, security agreements, documents, or instruments (including any amendments, restatements, supplements, or modifications of any of the foregoing) related to or executed in connection therewith, and the Prepetition SOA and Prepetition SSA and related guarantees, in each case, which shall be in form and substance acceptable to the DIP RCF Secured Parties.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;58. "*DIP RCF Facility*" means a $100,000,000 super-senior, secured debtor-in-possession revolving financing facility to be provided to the Debtors by the Consenting RCF Lenders on the terms and conditions set forth in the DIP RCF Term Sheet, the DIP RCF Documents, the DIP Orders, and on other terms and conditions to be agreed upon by the Debtors and the DIP RCF Lenders, which terms shall be reasonably acceptable to the Required Consenting Term Loan Lenders, consistent with the DIP RCF Documents and including, on and after the Petition Date, the Prepetition SOA and Prepetition SSA.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;59. "*DIP RCF Lenders*" means the lenders under the DIP RCF Credit Agreement.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;60. "*DIP RCF Secured Parties*" means Vitol, in its capacity as a party under the Prepetition SOA and Prepetition SSA, the DIP RCF Lenders, and the DIP RCF Agent.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;61. "*DIP RCF Term Sheet*" means the term sheet setting forth the terms and conditions of the DIP RCF Facility, attached to the Restructuring Term Sheet as <u>Exhibit A-1</u>, together with any exhibits and appendices annexed thereto, each of which shall be in form and substance acceptable to the DIP RCF Secured Parties.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;62. "*DIP Term Loan Agent*" means Orion Energy Partners TP Agent, LLC, as the administrative agent and collateral agent under the DIP Term Loan Credit Agreement, including its successors, assigns, or any replacement agent appointed pursuant to the terms of the DIP Term Loan Credit Agreement.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;63. "*DIP Term Loan Claims*" means any Claim held by the DIP Term Loan Lenders or the DIP Term Loan Agent arising under or relating to the DIP Term Loan Credit Agreement or the DIP Orders on account of funding the DIP Term Loan Facility, including any and all fees, interest paid in kind, accrued but unpaid interest, premiums, and fees arising under the DIP Term Loan Facility, the DIP Term Loan Credit Agreement, or the other DIP Term Loan Documents.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;64. "*DIP Term Loan Credit Agreement*" means that certain super-senior secured debtor-in-possession loan and security agreement, dated as of April 16, 2025, by and among the Debtors, the DIP Term Loan Agent, and the DIP Term Loan Lenders party thereto.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;65. "*DIP Term Loan Documents*" means, collectively, the DIP Term Loan Credit Agreement and any amendments, modifications, or supplements to the foregoing, including, but not limited to, any related notes, certificates, agreements, security agreements, documents, or instruments (including any amendments, restatements, supplements, or modifications of any of the foregoing), and other documentation necessary to effectuate the incurrence of the DIP Term Loan Facility.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;66. "*DIP Term Loan Facility*" means the $75,000,000, super-senior, secured debtor-in-possession term loan financing facility to be provided to the Debtors on the terms and conditions set forth in the DIP Term Loan Term Sheet, the DIP Term Loan Documents, the DIP Orders, and on other terms and conditions to be agreed upon by the Debtors and the DIP Term Loan Lenders consistent with the DIP Term Loan Documents.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;67. "*DIP Term Loan Lenders*" means the lenders under the DIP Term Loan Credit Agreement.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;68. "*DIP Term Loan Term Sheet*" means the term sheet setting forth the terms and conditions of the DIP Term Loan Facility, attached to the Restructuring Term Sheet as <u>Exhibit A-2</u>, together with any exhibits and appendices annexed thereto.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;69. "*Disbursing Agent*" means, as applicable, (a) the Reorganized Debtors or any Entity the Reorganized Debtors select to make or to facilitate distributions in accordance with the Plan, which Entity may include the Claims and Noticing Agent, and (b) the GUC Trustee.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;70. "Disclosure Statement" means the Disclosure Statement for the Joint Chapter 11 Plan of Reorganization of Global Clean Energy Holdings, Inc. and Its Debtor Affiliates [Docket No. 22], as amended by the Disclosure Statement for the Amended Joint Chapter 11 Plan of Reorganization of Global Clean Energy Holdings, Inc. and Its Debtor Affiliates [Docket No. 215-1] (as may be further amended, supplemented, or modified from time to time in accordance with the terms thereof), including all exhibits and schedules thereto, that is prepared and distributed in accordance with the Bankruptcy Code, the Bankruptcy Rules, and any other applicable law.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;71. "*Disputed*" means, as to a Claim or an Interest, a Claim or an Interest (or a portion thereof): (a) that is not Allowed; (b) that is not disallowed under the Plan, the Bankruptcy Code, or a Final Order, as applicable; and (c) with respect to which a party in interest has filed a Proof of Claim or otherwise made a written request to a Debtor for payment, without any further notice to or action, order, or approval of the Bankruptcy Court.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;72. "*Disputed Claims Reserve*" means a reserve of Cash or other consideration in the Disputed Claims Reserve Amount that may be funded from the GUC Trust Assets after the Effective Date pursuant to Article VIII.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;73. "*Disputed Claims Reserve Amount*" means the amount of Cash or other consideration determined by the GUC Trustee to be held in the Disputed Claims Reserve on account of Disputed General Unsecured Claims.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;74. "*Distribution Record Date*" means the record date for purposes of making distributions under the Plan on account of Allowed Claims, which date shall be the Confirmation Date or such other date as specified in the Confirmation Order; *provided* that, to the extent Holders of the Debtors' publicly-traded securities are entitled to receive a distribution under the Plan, the Distribution Record Date shall not apply to any of the Debtors' publicly-traded securities deposited with DTC, and such Holders shall receive a distribution in accordance with the customary procedures of DTC used in connection with such distributions.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;75. "*DTC*" means The Depository Trust Company.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;76. "*Earn Out Agreement*" means the agreement that sets forth the applicable Reorganized Debtor's obligations with respect to the Earn Out Amount, which agreement shall be in form and substance reasonably acceptable to the Debtors, the Consenting Stakeholders, and the Committee.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;77. "*Earn Out Amount*" means, collectively, (a) annual cash payments equal to 5% of the excess consolidated Gross Margin of the Reorganized Debtors over and above the Reorganized Debtors' projected consolidated Gross Margin for the applicable calendar year (as projected, where applicable, in the Financial Projections (as defined in, and attached to, the Disclosure Statement)), payable each calendar year through 2030 as set forth herein and in the Earn Out Agreement and (b) the Sale Earn Out Amount; *provided* that the Earn Out Amount shall be further detailed in and subject to the terms of the Earn Out Agreement.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;78. "*Earn Out Cap*" means the amount of (a) Allowed General Unsecured Claims remaining after payment of Vendor Distribution Amounts *less* (b) the GUC Cash; *provided* that the Earn Out Cap shall increase annually by any percentage increase in the Consumer Price Index for such calendar year *plus* 1.00% (subject to reduction for Earn Out Amounts paid prior to any date of determination of the Earn Out Cap); *provided*, *however*, that such annual increase shall in no event exceed 11.00%; *provided*, *further* that the Earn Out Cap shall be further detailed in and subject to the terms of the Earn Out Agreement.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;79. "*Effective Date*" means the date that is the first Business Day after Confirmation on which (a) the Confirmation Order is in effect and not subject to stay; (b) all conditions precedent to the occurrence of the Effective Date set forth in Article IX.A have been satisfied or waived in accordance with Article IX.B; and (c) the Debtors declare the Plan effective. Any action to be taken on the Effective Date may be taken on or as soon as reasonably practicable thereafter.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;80. "*Employment Obligations*" means any existing obligations to employees to be assumed, reinstated, or honored, as applicable, in accordance with the Plan.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;81. "*Entity*" shall have the meaning set forth in section 101(15) of the Bankruptcy Code.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;82. "*Equity Security*" means any equity security, as defined in section 101(16) of the Bankruptcy Code.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;83. "*Estate*" means, as to each Debtor, the estate created for the Debtor in its Chapter 11 Case pursuant to section 541 of the Bankruptcy Code.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;84. "*Exchange Act*" means the Securities Exchange Act of 1934, as amended, 15 U.S.C. §§ 78a *et seq*., as now in effect or hereafter amended, and the rules and regulations promulgated thereunder.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;85. "*Exculpated Partie*s" means, collectively, and in each case in its capacity as such: (a) the Debtors; (b) the independent directors or managers of any Debtor, for conduct within the scope of their duties; and (c) the Committee and each member of the Committee.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;86. "*Executory Contract*" means a contract to which one or more of the Debtors are a party and that is subject to assumption or rejection under section 365 of the Bankruptcy Code.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;87. "*Exit EPC Claims*" means, collectively, the Post-Exit CTCI Senior DIP Payment Obligations, the Subordinated Senior Secured EPC Claims, the Subordinated Secured EPC Claim, and the Subordinated Junior EPC Claim.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;88. "*Exit EPC Claims Documents*" means, collectively, any agreements or documents memorializing the Exit EPC Claims, including any amendments, modifications, and supplements thereto.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;89. "*Exit Facilities*" means, collectively, the Exit RCF Facility, the Exit Term Loan Facilities, and the Exit EPC Claims.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;90. "*Exit Facilities Documents*" means, collectively, the Exit RCF Facility Documents, the Exit Term Loan Facilities Documents, and the Exit EPC Claims Documents.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;91. "*Exit Facilities Term Sheet*" means the term sheet attached to the Restructuring Term Sheet as <u>Exhibit C</u>, together with any exhibits and appendices annexed thereto.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;92. *"Exit RCF Credit Agreement*" means the credit agreement with respect to the Exit RCF Facility, as may be amended, supplemented, or otherwise modified from time to time.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;93. "*Exit RCF Facility*" means that certain $100,000,000 revolving credit facility, supply and offtake agreement, and storage services agreement to be entered into by the applicable Reorganized Debtors on the Effective Date pursuant to the Exit RCF Credit Agreement, the Exit SOA, or the Exit SSA, as applicable, on substantially the same terms as the Prepetition RCF Credit Agreement, the Prepetition SOA, or the Prepetition SSA, as applicable.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;94. "*Exit RCF Facility Documents*" means, collectively, the Exit RCF Credit Agreement and any other agreements or documents memorializing the Exit RCF Facility, including any amendments, modifications, and supplements thereto.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;95. "*Exit SOA*" means the supply and offtake agreement with respect to the Exit RCF Facility, as may be amended, supplemented, or otherwise modified from time to time consistent with the terms thereof, which may be an amended and restated Prepetition SOA.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;96. "*Exit SSA*" means the storage services agreement with respect to the Exit RCF Facility, as may be amended, supplemented, or otherwise modified from time to time consistent with the terms thereof, which may be an amended and restated Prepetition SSA.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;97. "*Exit Term Loan Credit Agreements*" means, collectively, the New Super Senior Exit Term Loan Credit Agreement, the New Senior Secured Term Loan Credit Agreement, the Subordinated Senior Secured Term Loan Credit Agreement, and the Subordinated Junior Term Loan Credit Agreement.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;98. "*Exit Term Loan Facilities*" means, collectively, the New Super Senior Exit Facility, the New Senior Secured Exit Facility, the First Out Subordinated Senior Secured Term Facility, the Second Out Subordinated Secured Term Facility, and the Subordinated Junior Term Facility.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;99. "*Exit Term Loan Facilities Documents*" means, collectively, the Exit Term Loan Credit Agreements and any other agreements or documents memorializing the Exit Term Loan Facilities, including any amendments, modifications, and supplements thereto.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;100. "*Federal Judgment Rate*" means the federal judgment rate in effect as of the Petition Date.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;101. "*File,*" "*Filed,*" or "*Filing*" means file, filed, or filing with the Bankruptcy Court or its authorized designee in the Chapter 11 Cases.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;102. "*Final Order*" means an order or judgment of the Bankruptcy Court, or other court of competent jurisdiction with respect to the subject matter, that has not been reversed, stayed, modified, or amended, as entered on the docket in any Chapter 11 Case or the docket of any court of competent jurisdiction, and as to which the time to appeal, or seek certiorari or move for a new trial, reargument, or rehearing has expired and no appeal or petition for certiorari or other proceedings for a new trial, reargument, or rehearing has been timely taken, or as to which any appeal that has been taken or any petition for certiorari that has been or may be timely Filed has been withdrawn or resolved by the highest court to which the order or judgment was appealed or from which certiorari was sought or the new trial, reargument, or rehearing has been denied, resulted in no stay pending appeal of such order, or has otherwise been dismissed with prejudice; *provided* that the possibility that a motion under Rule 60 of the Federal Rules of Civil Procedure, or any analogous rule under the Bankruptcy Rules, may be Filed with respect to such order will not preclude such order from being a Final Order.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;103. "*First Out Subordinated Senior Secured Term Facility*" has the meaning set forth in the Exit Facilities Term Sheet.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;104. "*GCEH*" means Debtor Global Clean Energy Holdings, Inc., a company incorporated under the Laws of the State of Delaware.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;105. "*GCEH Existing Interests*" means Interests in GCEH.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;106. "*General Unsecured Claim*" means any unsecured Claim that is not (a) a DIP Claim, (b) an Administrative Claim, (c) a Professional Fee Claim, (d) a Priority Tax Claim, (e) an Other Secured Claim, (f) an Other Priority Claim; (g) a Prepetition RCF Claim; (h) a Prepetition Term Loan Claim; (i) a Prepetition EPC Claim; (j) a Section 510(b) Claim; or (k) an Intercompany Claim. For the avoidance of doubt, General Unsecured Claims include (i) unsecured Claims resulting from the rejection of Executory Contracts and Unexpired Leases, (ii) the Targeted Growth Note Claims, (iii) the CCI Claims, (iv) the payments due to that certain service provider under that certain Professional Services Agreement, dated as of May 22, 2023, (v) the Prepetition Term Loan Deficiency Claim, and (vi) the Prepetition EPC Deficiency Claim.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;107. "*Governance Term Sheet*" means the term sheet attached as <u>Exhibit D</u> to the Restructuring Term Sheet, together with any exhibits and appendices annexed thereto.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;108. "*Governing Body*" means, in each case in its capacity as such, the board of directors, board of managers, manager, general partner, investment committee, special committee, or such similar governing body of any of the Debtors or the Reorganized Debtors, as applicable.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;109. "*Governmental Unit*" means any governmental unit, as defined in section 101(27) of the Bankruptcy Code.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;110. "*Gross Margin*" means, for each applicable calendar year, the gross margin determined in accordance with U.S. generally accepted accounting principles, applied on a basis consistent with prior periods, as presented in the Reorganized Debtors' audited financial statements; *provided* that Gross Margin shall be determined in a manner consistent with the methodology utilized to calculate the "Gross Margin" figures set forth in the Financial Projections (as defined in and attached to the Disclosure Statement), and shall otherwise be further detailed in and subject to the terms of the Earn Out Agreement.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;111. "*GUC Cash*" means $10.5 million in Cash; *provided* that $3 million shall be funded on the Effective Date, with the Reorganized Debtors funding $1.5 million at year-end for years 2026 through 2030, which funding obligation shall be a joint and several obligation of each of the Reorganized Debtors.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;112. "*GUC Trust*" means the trust that shall be established on the Effective Date in accordance with Article IV of the Plan and the GUC Trust Agreement to receive and hold the GUC Trust Assets and administer distributions to Holders of Allowed General Unsecured Claims pursuant to the GUC Trust Agreement and the terms set forth herein.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;113. "*GUC Trustee*" means, in its capacity as such, the Person appointed to administer the GUC Trust, who shall be selected by the Committee in its sole discretion, in accordance with the GUC Trust Agreement.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;114. "*GUC Trust Agreement*" means that certain trust agreement establishing, among other things, the terms and conditions for the creation and operation of the GUC Trust to be entered into on or before the Effective Date, between the Debtors and the GUC Trustee, which agreement shall be in form and substance reasonably acceptable to the Debtors, the Consenting Stakeholders, and the Committee.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;115. "*GUC Trust Assets*" means, collectively, the GUC Cash and the Earn Out Amount.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;116. "*GUC Trust Fees and Expenses*" means all reasonable and documented fees, expenses, and costs (including any taxes imposed on or payable by the GUC Trust or in respect of the GUC Trust Assets) incurred by the GUC Trust, including, without limitation, the reasonable and documented fees, expenses, and costs incurred by any professionals retained by the GUC Trust, and any additional amount determined necessary by the GUC Trustee to adequately reserve for the operating expenses of the GUC Trust. The GUC Trust Fees and Expenses shall be exclusively funded from the GUC Trust Assets.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;117. "*GUC Trust Net Assets*" means the GUC Trust Assets less the GUC Trust Fees and Expenses.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;118. "*Holder*" means an Entity holding a Claim or Interest.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;119. "*Impaired*" means "impaired" within the meaning of section 1124 of the Bankruptcy Code.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;120. "*Indemnification Provisions*" means each Debtor's indemnification provisions currently in place, whether in the respective Debtor's bylaws, certificates of incorporation, other formation documents, board resolutions, or contracts, for the current and former members of any Governing Body, directors, officers, managers, employees, attorneys, other professionals, and respective agents of, or acting on behalf of, any of the Debtors.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;121. "*Intercompany Claim*" means any Claim against a Debtor held by another Debtor.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;122. "*Intercompany Interest*" means an Interest in a Debtor held by another Debtor.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;123. "*Interest*" means, collectively, (a) any Equity Security, or any other equity or ownership interest (including any such interest in a partnership, limited liability company, or other Entity), in any Debtor, (b) any other rights, options, warrants, stock appreciation rights, phantom stock rights, restricted stock units, redemption rights, repurchase rights, convertible, exercisable or exchangeable securities or other agreements, arrangements, or commitments of any character relating to, or whose value is related to, any such interest or other ownership interest in any Debtor, and (c) any and all Claims that are otherwise determined by the Bankruptcy Court to be an equity interest, including any Claim or debt that is recharacterized as an equity interest or subject to subordination as an equity interest pursuant to section 510(b) of the Bankruptcy Code.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;124. "*Interim Settlement Agreement*" means, that certain Interim Settlement Agreement, effective as of December 18, 2023, by and among BKRF and CTCI (as amended, restated, amended and restated, modified, or supplemented from time to time.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;125. "*Judicial Code*" means title 28 of the United States Code, 28 U.S.C. §§ 1–4001, as amended from time to time.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;126. "*Law*" means any federal, state, local, or foreign law (including common law), statute, code, ordinance, rule, regulation, decree, injunction, order, ruling, assessment, writ, or other legal requirement or judgment, in each case, that is validly adopted, promulgated, issued, or entered by a governmental authority of competent jurisdiction (including the Bankruptcy Court).

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;127. "*Lien*" means a lien as defined in section 101(37) of the Bankruptcy Code.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;128. "*New Board*" means the board of directors or similar Governing Body of Reorganized GCEH.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;129. "*New Common Equity*" means the new limited liability company membership units of Reorganized GCEH, issued to Holders of Claims as specifically provided for in the Restructuring Term Sheet and the Plan and as set forth in the Governance Term Sheet.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;130. "*New CTCI Agreement*" means that certain Project Management, Procurement, Construction, Operation and Maintenance Support Agreement, dated April 16, 2025 (as amended, restated, amended and restated, modified, or supplemented from time to time consistent with the terms thereof), by and between Bakersfield Renewable Fuels, LLC, the other Company Parties, and CTCI, attached to the Restructuring Term Sheet as <u>Exhibit B</u>.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;131. "*New CTCI Documents*" means, collectively, the New CTCI Agreement and any other documentation necessary to effectuate the transactions contemplated by the New CTCI Agreement, including, but not limited to, any notes, certificates, agreements, guarantees, security agreements, documents, or instruments (including any amendments, restatements, supplements, or modifications of any of the foregoing).

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;132. "*New Organizational Documents*" means the documents providing for governance of Reorganized GCEH and the other Reorganized Debtors, as applicable, including charters, bylaws, operating agreements, or other organizational documents or shareholders' agreements, as applicable, which shall be consistent with section 1123(a)(6) of the Bankruptcy Code (as applicable).

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;133. "*New Preferred Equity*" means the preferred equity in Reorganized GCEH issued in accordance with the Governance Term Sheet.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;134. "*New Senior Secured Term Loan Credit Agreement*" means the credit agreement with respect to the New Senior Secured Term Facility, as may be amended, supplemented, or otherwise modified from time to time consistent with the terms thereof.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;135. "*New Senior Secured Term Facility*" has the meaning set forth in the Exit Facilities Term Sheet.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;136. "*New Super Senior Exit Facility*" has the meaning set forth in the Exit Facilities Term Sheet.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;137. "*New Super Senior Exit Term Loan Credit Agreement*" means the credit agreement with respect to the New Super Senior Exit Facility, as may be amended, supplemented, or otherwise modified from time to time.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;138. "*Other Priority Claim*" means any Claim, other than an Administrative Claim or a Priority Tax Claim, entitled to priority in right of payment under section 507(a) of the Bankruptcy Code.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;139. "*Other Secured Claim*" means any Secured Claim against the Debtors other than a DIP Claim, a Priority Tax Claim, a Prepetition RCF Claim, or a Prepetition Term Loan Claim.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;140. "*Person*" has the meaning set forth in section 101(41) of the Bankruptcy Code.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;141. "*Petition Date*" means the date on which the Debtors commenced the Chapter 11 Cases.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;142. "*Plan"* means this *Second Amended Joint Chapter 11 Plan of Reorganization of Global Clean Energy Holdings, Inc. and Its Debtor Affiliates* (which may be modified, amended, or supplemented from time to time in accordance with the Bankruptcy Code, the Bankruptcy Rules, the RSA, or the terms hereof, as the case may be, and the Plan Supplement, which is incorporated herein by reference).

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;143. "*Plan Distribution*" means a payment or distribution to Holders of Allowed Claims, Allowed Interests, or other eligible Entities under and in accordance with the Plan.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;144. "*Plan Supplement*" means the compilation of documents and forms of documents, agreements, schedules, and exhibits to the Plan (in each case, as may be altered, amended, modified, or supplemented from time to time in accordance with the terms hereof and in accordance with the Bankruptcy Code and Bankruptcy Rules) to be Filed by the Debtors prior to the Confirmation Hearing to the extent available, and any additional documents Filed prior to the Effective Date as amendments to the Plan Supplement, including the following, as applicable: (a) the Schedule of Assumed Executory Contracts and Unexpired Leases; (b) the Schedule of Rejected Executory Contracts and Unexpired Leases; (c) the Schedule of Retained Causes of Action; (d) the New Organizational Documents; (e) the Exit Facilities Documents; (f) the Restructuring Transactions Steps Memorandum; (g) the GUC Trust Agreement; (h) the Earn Out Agreement; and (i) to the extent known, the identity of the members of the New Board.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;145. "*Post-Exit CTCI Senior DIP Payment Obligation*" has the meaning set forth in the Exit Facilities Term Sheet.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;146. "*Prepetition EPC Claims*" means all amounts due and owing under the Terminated EPC Agreement and the Interim Settlement Agreement, which amounts, solely for the purposes of the Plan, total $949,318,504.23 as of March 31, 2025, including interest accrued through that date, *plus* all other obligations, amounts, and expenses arising under or in connection therewith, and with respect to which CTCI recorded a mechanic's lien on November 25, 2024 under California state Law.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;147. "*Prepetition EPC Deficiency Claim*" means any portion of a Prepetition EPC Claim that is not a Secured Claim.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;148. "*Prepetition RCF Agent*" means Vitol Americas Corp., in its capacity as the administrative and collateral agent under the Prepetition RCF Credit Agreement, including its successors, assigns, or any replacement agent appointed pursuant to the terms of the Prepetition RCF Credit Agreement.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;149. "*Prepetition RCF Claims*" has the meaning set forth in the Restructuring Term Sheet.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;150. "*Prepetition RCF Credit Agreement*" means that certain Credit Agreement, dated June 25, 2024, by and among Bakersfield Renewable Fuels, LLC, a Delaware limited liability company, as borrower, BKRF OCB, LLC, a Delaware limited liability company, as guarantor, BKRF OCP, LLC, a Delaware limited liability company, as guarantor, the lenders party thereto, and Vitol Americas Corp., a Delaware corporation, as the administrative and collateral agent, as may be amended, modified, amended and restated, or otherwise supplemented from time to time consistent with the terms thereof.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;151. "*Prepetition RCF Facility*" means that certain revolving credit facility under the Prepetition Revolver Documents and includes, for the period prior to the Petition Date, the Prepetition SOA and Prepetition SSA.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;152. "*Prepetition Revolver Documents*" means, collectively, the Prepetition RCF Credit Agreement and the related guarantees, security agreements, mortgages, intercreditor agreements, and other security documents.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;153. "*Prepetition SOA*" means that certain Supply and Offtake Agreement, dated as of June 25, 2024, by and among Bakersfield Renewable Fuels, LLC and Vitol Americas Corp. (as amended, restated, amended and restated, modified, or supplemented from time to time consistent with the terms thereof).

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;154. *"Prepetition SSA*" means that certain Storage Services Agreement, dated as of June 25, 2024, by and between Bakersfield Renewable Fuels, LLC and Vitol Americas Corp. (as amended, restated, amended and restated, modified, or supplemented from time to time consistent with the terms thereof).

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;155. "*Prepetition Term Loan Agent*" means Orion Energy Partners TP Agent, LLC, in its capacity as the administrative and collateral agent under the Prepetition Term Loan Credit Agreement, including its successors, assigns, or any replacement agent appointed pursuant to the terms of the Prepetition Term Loan Credit Agreement.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;156. "*Prepetition Term Loan Claims*" has the meaning set forth in the Restructuring Term Sheet.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;157. "*Prepetition Term Loan Credit Agreement*" means that certain Super Senior Credit Agreement, dated May 4, 2020, by and among BKRF OCB, LLC, a Delaware limited liability company, as borrower, BKRF OCP, LLC, a Delaware limited liability company, as holdings, the lenders party thereto, and Orion Energy Partners TP Agent, LLC, as the administrative and collateral agent, as may be amended, modified, amended and restated, or otherwise supplemented from time to time consistent with the terms thereof.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;158. "*Prepetition Term Loan Deficiency Claim*" means any portion of a Prepetition Term Loan Claim that is not a Secured Claim.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;159. "*Prepetition Term Loan Facility*" means the loans outstanding under the Prepetition Term Loan Credit Agreement.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;160. "*Priority Tax Claim*" means any Claim of a Governmental Unit of the kind specified in section 507(a)(8) of the Bankruptcy Code.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;161. "*Pro Rata*" means the proportion that an Allowed Claim or an Allowed Interest in a particular Class bears to the aggregate amount of Allowed Claims or Allowed Interests in that Class, unless otherwise indicated.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;162. "*Professional*" means an Entity: (a) employed pursuant to a Bankruptcy Court order in accordance with sections 327, 328, 363, or 1103 of the Bankruptcy Code and to be compensated for services rendered prior to or on the Confirmation Date, pursuant to sections 327, 328, 329, 330, 331, or 363 of the Bankruptcy Code; or (b) awarded compensation and reimbursement by the Bankruptcy Court pursuant to section 503(b)(4) of the Bankruptcy Code.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;163. "*Professional Fee Amount*" means the aggregate amount of Professional Fee Claims and other unpaid fees and expenses that the Professionals estimate they have incurred or will incur in rendering services to the Debtors prior to the Effective Date as set forth in Article II.C.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;164. "*Professional Fee Claim*" means any Claim by a Professional for compensation for services rendered or reimbursement of expenses incurred by such Professional through and including the Confirmation Date to the extent such fees and expenses have not been paid pursuant to an order of the Bankruptcy Court. To the extent the Bankruptcy Court denies or reduces by a Final Order any amount of a Professional's requested fees and expenses, then the amount by which such fees or expenses are reduced or denied shall reduce the applicable Professional Fee Claim.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;165. "*Professional Fee Escrow Account*" means an account funded by the Debtors or the Reorganized Debtors with Cash on the Effective Date in an amount equal to the Professional Fee Amount.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;166. "*Proof of Claim*" means a proof of Claim Filed against any of the Debtors in the Chapter 11 Cases.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;167. "*Reinstate*," "*Reinstated*," or "*Reinstatement*" means reinstate, reinstated, or reinstatement with respect to Claims and Interests, that the Claim or Interest shall be rendered Unimpaired in accordance with section 1124 of the Bankruptcy Code.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;168. "*Related Party*" means, collectively, with respect to any Entity, each of, and in each case in its capacity as such, such Entity's current and former directors, managers, officers, committee members, members of any governing body, equityholders (regardless of whether such interests are held directly or indirectly), affiliated investment funds or investment vehicles, managed accounts or funds, predecessors, participants, successors, assigns, subsidiaries, Affiliates, partners, limited partners, general partners, principals, members, management companies, fund advisors or managers, employees, agents, trustees, advisory board members, financial advisors, attorneys (including any other attorneys or professionals retained by any current or former director or manager in his or her capacity as director or manager of an Entity), accountants, investment bankers, consultants, representatives, and other professionals and advisors and any such Entity's respective heirs, executors, estates, and nominees.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;169. "*Released Parties*" means, collectively, and in each case in its capacity as such: (a) the Debtors; (b) the Reorganized Debtors; (c) the DIP Lenders; (d) the Agents; (e) the Consenting Stakeholders; (f) the Committee and each member of the Committee; (g) all Holders of Claims; (h) all Holders of Interests; (i) each current and former Affiliate of each Entity in clause (a) through the following clause (j); and (j) each Related Party of each Entity in clause (a) through this clause (j); *provided*, *however*, that, in each case, an Entity shall not be a Released Party if it: (x) elects to opt out of the Third-Party Release; or (y) timely objects to the Third-Party Release, and such objection is not resolved before Confirmation.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;170. "*Releasing Parties*" means, collectively, and in each case in its capacity as such: (a) the Debtors; (b) the Reorganized Debtors; (c) the DIP Lenders; (d) the Agents; (e) the Consenting Stakeholders; (f) the Committee and each member of the Committee; (g) all Holders of Claims; (h) all Holders of Interests; (i) each current and former Affiliate of each Entity in clause (a) through the following clause (j); and (j) each Related Party of each Entity in clause (a) through this clause (j); *provided*, *however*, that, in each case, an Entity shall not be a Releasing Party if it: (x) elects to opt out of the Third-Party Release; or (y) timely objects to the Third-Party Release and such objection is not resolved before Confirmation.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;171. "*Reorganized Debtors*" means, collectively, some or all of the Debtors as reorganized under the Plan, or any successor or assign thereto, by transfer, merger, consolidation, or otherwise, on or after the Effective Date.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;172. "*Reorganized GCEH*" means GCEH or any successor or assign thereto, by transfer, merger, consolidation, or otherwise, on and after the Effective Date, or a new corporation or limited liability company that will be formed to, among other things, directly or indirectly acquire substantially all of the assets and/or stock of the Debtors and issue the New Common Equity and New Preferred Equity to be distributed pursuant to the Plan.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;173. "*Required Consenting RCF Lenders*" has the meaning set forth in the RSA.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;174. "*Required Consenting Stakeholders*" means, collectively, the Required Consenting RCF Lenders, the Required Consenting Term Loan Lenders, and CTCI.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;175. "*Required Consenting Term Loan Lenders*" has the meaning set forth in the RSA.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;176. "*Restructuring Expenses*" means the reasonable and documented fees and expenses accrued since the inception of their respective engagements related to the Restructuring Transactions (including the Plan) and invoiced and not previously paid by, or on behalf of, the Debtors of the Consenting Term Loan Lender Advisors, the Consenting RCF Lender Advisors, the CTCI Advisors, and counsel to the DIP Agents, in each case, in accordance with any applicable engagement letter of such professional or other agreements signed by the Debtors, including terms agreed to in the DIP Orders, and in each case, without further order of, or application to, the Bankruptcy Court by such consultant or professionals.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;177. "*Restructuring Term Sheet*" means the term sheet attached to the RSA as <u>Exhibit B</u>, together with any exhibits and appendices annexed thereto.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;178. "*Restructuring Transactions*" means the transactions described in Article IV.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;179. "*Restructuring Transactions Steps Memorandum*" means that certain memorandum, as may be amended, supplemented, or otherwise modified from time to time, describing the steps to be carried out to effectuate the Restructuring Transactions, the form of which shall be included in the Plan Supplement.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;180. "*RSA*" means that certain restructuring support agreement, dated as of April 16, 2025 by and among the Debtors and the Consenting Stakeholders, including the Restructuring Term Sheet and all other exhibits thereto, as may be amended, modified, or supplemented from time to time, in accordance with its terms.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;181. "*Sale Earn Out Amount*" means, in the event of a sale of the Reorganized Debtors, 5% of the sale proceeds available to Holders under the Subordinated Junior Term Facility on account of claims thereunder; *provided* that the Sale Earn Out Amount shall be further detailed in, subject to the terms of, and payable as set forth in, the Earn Out Agreement.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;182. "*Schedule of Assumed Executory Contracts and Unexpired Leases*" means the schedule of Executory Contracts and Unexpired Leases (with proposed Cure amounts) that will be assumed by the Reorganized Debtors, which schedule shall be included in the Plan Supplement, as the same may be amended, modified, or supplemented from time to time.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;183. "*Schedule of Rejected Executory Contracts and Unexpired Leases*" means the schedule of Executory Contracts and Unexpired Leases that will be rejected by the Debtors, which schedule shall be included in the Plan Supplement, as the same may be amended, modified, or supplemented from time to time.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;184. "*Schedule of Retained Causes of Action*" means the schedule of certain retained Causes of Action of the Debtors that are not released, waived, or transferred pursuant to the Plan, which schedule shall be included in the Plan Supplement, as the same may be amended, modified, or supplemented from time to time.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;185. "*Schedules*" means, collectively, the schedules of assets and liabilities, the Schedule of Rejected Executory Contracts and Unexpired Leases, the Schedule of Assumed Executory Contracts and Unexpired Leases, the Schedule of Retained Causes of Action, and the statements of financial affairs Filed by the Debtors pursuant to section 521 of the Bankruptcy Code, including any amendments or supplements thereto.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;186. "*SEC*" means the United States Securities and Exchange Commission.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;187. "*Section 510(b) Claim*" means any Claim subject to subordination pursuant to section 510(b) of the Bankruptcy Code.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;188. "*Secured Claim*" means a Claim: (a) secured by a valid, perfected, and enforceable Lien on collateral to the extent of the value of such collateral, as determined in accordance with section 506(a) of the Bankruptcy Code or (b) subject to a valid right of setoff pursuant to section 553 of the Bankruptcy Code to the extent of the amount subject to setoff.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;189. "*Securities Act*" means the Securities Act of 1933, as amended, 15 U.S.C. §§ 77a–77aa, or any similar federal, state, or local law, as now in effect or hereafter amended, and the rules and regulations promulgated thereunder.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;190. "*Security*" means any security, as defined in section 2(a)(1) of the Securities Act.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;191. "*Subordinated Junior EPC Claim*" has the meaning set forth in the Exit Facilities Term Sheet.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;192. "*Subordinated Junior Term Facility*" has the meaning set forth in the Exit Facilities Term Sheet.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;193. "*Subordinated Junior Term Loan Credit Agreement*" means the credit agreement with respect to the Subordinated Junior Term Facility, as may be amended, supplemented, or otherwise modified from time to time.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;194. "*Subordinated Secured EPC Claim*" has the meaning set forth in the Exit Facilities Term Sheet.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;195. "*Subordinated Senior Secured EPC Claim*" has the meaning set forth in the Exit Facilities Term Sheet.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;196. "*Subordinated Senior Secured Term Loan Credit Agreement*" means the credit agreement with respect to the First Out Subordinated Senior Secured Term Facility, as may be amended, supplemented, or otherwise modified from time to time.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;197. "*Subsidiary Existing Interests*" means any third-party Interests in the Debtors (excluding GCEH), including, for the avoidance of doubt, the interests of Delek US Holdings, Inc. under that certain Call Option Agreement, dated as of May 7, 2020, by and among GCEH, Alon Paramount Holdings, Inc., and GCE Holdings Acquisitions, LLC, to the extent such interests are not deemed Section 510(b) Claims.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;198. "*Takeback Debt*" means, collectively, debt under the Subordinated Senior Secured Term Facility, debt under the Subordinated Junior Term Facility, and the Exit EPC Claims, all as apportioned in accordance with the Exit Facilities Term Sheet.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;199. "*Targeted Growth Note Claims*" means any Claims arising under, or in connection with, that certain Demand Promissory Note, dated as of December 31, 2014 (as amended, restated, amended and restated, modified, or supplemented from time to time consistent with the terms thereof), by and among GCEH and Targeted Growth, Inc.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;200. "*Terminated EPC Agreement*" means that certain Turnkey Agreement with a Guaranteed Maximum Price for the Engineering, Procurement, and Construction of the Bakersfield Renewable Fuels Project, dated May 18, 2021 (as amended, restated, amended and restated, modified, or supplemented from time to time consistent with the terms thereof), by and between Bakersfield Renewable Fuels, LLC, as owner, and CTCI, terminated as of October 21, 2024.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;201. "*Third-Party Release*" means the release set forth in Article VIII.D of this Plan.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;202. "*Trade Claims*" has the meaning set forth in the Critical Vendors Motion.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;203. "*Unexpired Lease*" means a lease to which one or more of the Debtors is a party that is subject to assumption or rejection under section 365 of the Bankruptcy Code.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;204. "*Unimpaired*" means, with respect to a Class of Claims or Interests, a Class of Claims or Interests that is unimpaired within the meaning of section 1124 of the Bankruptcy Code.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;205. "*Unsecured Claims Reconciliation Process*" means the reconciliation process for General Unsecured Claims conducted primarily by the GUC Trustee.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;206. "*Vendor Distribution Amount*" means the aggregate distribution to Holders of prepetition Trade Claims, pursuant to the relief contemplated by the Critical Vendors Motion, not to exceed $25.9 million in the aggregate (excluding the USDA Grant Claims (as defined in the Critical Vendors Motion)) as described in the Critical Vendors Motion.

B. Rules of Interpretation.

For purposes of this Plan: (1) in the appropriate context, each term, whether stated in the singular or the plural, shall include both the singular and the plural, and pronouns stated in the masculine, feminine, or neuter gender shall include the masculine, feminine, and the neuter gender; (2) unless otherwise specified, any reference herein to a contract, lease, instrument, release, indenture, or other agreement or document being in a particular form or on particular terms and conditions means that the referenced document shall be substantially in that form or substantially on those terms and conditions; (3) unless otherwise specified, any reference herein to an existing document, schedule, or exhibit, whether or not Filed, having been Filed or to be Filed shall mean that document, schedule, or exhibit, as it may thereafter be amended, modified, or supplemented in accordance with the RSA, the Plan, or the Confirmation Order, as applicable; (4) any reference to an Entity as a Holder of a Claim or Interest includes that Entity's successors and assigns; (5) unless otherwise specified, all references herein to "Articles" are references to Articles hereof or hereto; (6) unless otherwise specified, all references herein to exhibits are references to exhibits in the Plan Supplement; (7) unless otherwise specified, the words "herein," "hereof," and "hereto" refer to the Plan in its entirety rather than to a particular portion of the Plan; (8) subject to the provisions of any contract, certificate of incorporation, by-law, instrument, release, or other agreement or document created or entered into in connection with the Plan, the rights and obligations arising pursuant to the Plan shall be governed by, and construed and enforced in accordance with applicable federal law, including the Bankruptcy Code and Bankruptcy Rules; (9) unless otherwise specified, the words "include" and "including," and variations thereof, shall not be deemed to be terms of limitation, and shall be deemed to be followed by the words "without limitation"; (10) captions and headings to Articles are inserted for convenience of reference only and are not intended to be a part of or to affect the interpretation of the Plan; (11) unless otherwise specified herein, the rules of construction set forth in section 102 of the Bankruptcy Code shall apply; (12) any term used in capitalized form herein that is not otherwise defined but that is used in the Bankruptcy Code or the Bankruptcy Rules shall have the meaning assigned to that term in the Bankruptcy Code or the Bankruptcy Rules, as the case may be; (13) all references to docket numbers of documents Filed in the Chapter 11 Cases are references to the docket numbers under the Bankruptcy Court's CM/ECF system; (14) all references to statutes, regulations, orders, rules of courts, and the like shall mean as amended from time to time, and as applicable to the Chapter 11 Cases, unless otherwise stated; (15) any immaterial effectuating provisions may be interpreted by the Reorganized Debtors in such a manner that is consistent with the overall purpose and intent of the Plan all without further notice to or action, order, or approval of the Bankruptcy Court or any other Entity, and such interpretation shall be conclusive; (16) all references herein to consent, acceptance, or approval may be conveyed by counsel for the respective parties that have such consent, acceptance, or approval rights, including by electronic mail; (17) references to "shareholders," "directors," and/or "officers" shall also include "members" and/or "managers," as applicable, as such terms are defined under the applicable state limited liability company Laws; and (18) unless otherwise specified, any action to be taken on the Effective Date may be taken on or as soon as reasonably practicable thereafter.

C. Computation of Time.

Unless otherwise specifically stated herein, the provisions of Bankruptcy Rule 9006(a) shall apply in computing any period of time prescribed or allowed herein. If the date on which a transaction may occur pursuant to the Plan shall occur on a day that is not a Business Day, then such transaction shall instead occur on the next succeeding Business Day.

D. Governing Law.

Unless a rule of law or procedure is supplied by federal law (including the Bankruptcy Code and Bankruptcy Rules) or unless otherwise specifically stated, the laws of the State of New York, without giving effect to the principles of conflict of laws (other than section 5-1401 and section 5-1402 of the New York General Obligations Law), shall govern the rights, obligations, construction, and implementation of the Plan, any agreements, documents, instruments, or contracts executed or entered into in connection with the Plan (except as otherwise set forth in those agreements, in which case the governing law of such agreement shall control), and corporate governance matters; *provided* that corporate governance matters relating to the Debtors or the Reorganized Debtors, as applicable, not incorporated or formed in New York shall be governed by the laws of the state of incorporation or formation of the relevant Debtor or the Reorganized Debtors, as applicable.

E. Reference to Monetary Figures.

All references in the Plan to monetary figures shall refer to currency of the United States of America, unless otherwise expressly provided herein.

F. Reference to the Debtors or the Reorganized Debtors.

Except as otherwise specifically provided in this Plan to the contrary, references in this Plan to the Debtors or the Reorganized Debtors shall mean the Debtors and the Reorganized Debtors, as applicable, to the extent the context requires.

G. Nonconsolidated Plan.

Although for purposes of administrative convenience and efficiency this Plan has been Filed as a joint plan for each of the Debtors and presents together Classes of Claims against and Interests in the Debtors, the Plan does not provide for the substantive consolidation of any of the Debtors.

H. Controlling Document.

In the event of an inconsistency between the Plan and the Disclosure Statement, the terms of the Plan shall control in all respects. In the event of an inconsistency between the Plan and the Plan Supplement, the terms of the relevant document or provision in the Plan Supplement (including, for the avoidance of doubt, the Earn Out Agreement) shall control (unless stated otherwise in such Plan Supplement document or in the Confirmation Order). In the event of an inconsistency between the Confirmation Order and the Plan, including the Plan Supplement, the Confirmation Order shall control. In the event of an inconsistency between the Plan and the Committee Settlement Term Sheet, the Plan (including the Plan Supplement) shall control. In the event of an inconsistency between the Plan Supplement (including, for the avoidance of doubt, the Earn Out Agreement) and the Committee Settlement Term Sheet, the terms of the relevant document or provision in the Plan Supplement (including, for the avoidance of doubt, the Earn Out Agreement) shall control.

I. Consultation, Notice, Information, and Consent Rights.

Notwithstanding anything herein to the contrary, all consultation, information, notice, and consent rights of the parties to the RSA, as applicable, and as respectively set forth therein, including, without limitation, with respect to the form and substance of the Plan, all exhibits to the Plan, the Plan Supplement, and all other Definitive Documents, including any amendments, restatements, supplements, or other modifications to such agreements and documents, and any consents, waivers, or other deviations under or from any such documents, shall be incorporated herein by this reference (including to the applicable definitions in Article I.A) and fully enforceable as if stated in full herein until such time as the RSA is terminated in accordance with its terms.

Additionally, notwithstanding anything herein to the contrary (or the absence of a reference herein), the Plan and the Confirmation Order shall be reasonably acceptable to the Committee.

**Article II. <br> ADMINISTRATIVE CLAIMS, PRIORITY CLAIMS, AND RESTRUCTURING EXPENSES**

In accordance with section 1123(a)(1) of the Bankruptcy Code, Administrative Claims, DIP Claims, Professional Fee Claims, and Priority Tax Claims have not been classified and, thus, are excluded from the Classes of Claims and Interests set forth in Article III hereof.

A. Administrative Claims.

Except with respect to Administrative Claims that are Professional Fee Claims, and except to the extent that an Administrative Claim has already been paid during the Chapter 11 Cases or a Holder of such Allowed Administrative Claim and the applicable Debtor(s) agree to less favorable treatment, each Holder of an Allowed Administrative Claim (including claims of the type described in section 503(b)(9) of the Bankruptcy Code) shall be paid in full in Cash: (i) if such Administrative Claim is Allowed on or prior to the Effective Date, on the Effective Date, or as soon as reasonably practicable thereafter (or, if not then due, when such Allowed Administrative Claim is due or as soon as reasonably practicable thereafter); (ii) if such Administrative Claim is not Allowed as of the Effective Date, no later than thirty (30) days after the date on which an order allowing such Administrative Claim becomes a Final Order, or as soon as reasonably practicable thereafter; (iii) if such Allowed Administrative Claim is based on liabilities incurred by the Debtors in the ordinary course of their business after the Petition Date, in accordance with the terms and conditions of the particular transaction giving rise to such Allowed Administrative Claim without any further action by the Holder of such Allowed Administrative Claim; (iv) at such time and upon such terms as may be agreed upon by such Holder and the Debtors or Reorganized Debtors, as applicable; or (v) at such time and upon such terms as set forth in an order of the Bankruptcy Court.

B. DIP Claims.

On the Effective Date, in full and final satisfaction, compromise, settlement, release, and discharge of and in exchange for each Allowed DIP Claim, each Holder of an Allowed DIP Claim (which shall include interest, fees, and all other amounts due and owing under the DIP Facilities and the New CTCI Documents) shall receive, on account of such Allowed DIP Claim:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) with respect to Allowed DIP Claims on account of the DIP RCF Facility, (i) conversion into the Exit RCF
Facility or (ii) such other treatment agreed to by Holders of the DIP RCF Claims (subject to the consent rights set forth in Section 3.02
of the RSA);

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) with respect to Allowed DIP Claims on account of the New CTCI Agreement, (i) conversion into the
Post-Exit CTCI Senior DIP Payment Obligation or (ii) such other treatment as agreed to by CTCI (subject to the consent rights set forth
in Section 3.02 of the RSA); and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) with respect to Allowed DIP Claims on account of the DIP Term Loan Facility, (i) conversion into
the New Senior Secured Term Facility or (ii) such other treatment agreed to by holders of DIP Term Loan Claims (subject to the rights
set forth in Section 3.02 of the RSA).

Unless and until Allowed DIP Claims are satisfied in accordance with the terms of the Plan, then notwithstanding entry of the Confirmation Order and anything to the contrary in this Plan or the Confirmation Order, (i) none of the DIP Claims shall be discharged, satisfied or released, or otherwise affected in whole or in part, and each of the DIP Claims shall remain outstanding, (ii) none of the Liens securing the DIP Claims shall be deemed to have been waived, released, satisfied, or discharged, in whole or in part, and (iii) neither the DIP Credit Agreements, the New CTCI Agreement, nor any other agreement, instrument, or document executed at any time in connection therewith shall be deemed terminated, discharged, satisfied or released, or otherwise affected in whole or in part, and each such agreement, instrument and document shall remain in effect.

Upon the satisfaction of Allowed DIP Claims in accordance with the terms of the Plan, all Liens and security interests securing the DIP Claims shall be automatically terminated and of no further force and effect without any further notice to or action, order, or approval of the Bankruptcy Court or any other Person or Entity.

C. Professional Fee Claims.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1. <u>Final Fee Applications and Payment of Professional Fee Claims.</u>

All requests for payment of Professional Fee Claims for services rendered and reimbursement of expenses incurred prior to the Confirmation Date must be Filed no later than forty-five (45) days after the Effective Date. The Bankruptcy Court shall determine the Allowed amounts of such Professional Fee Claims after notice and a hearing in accordance with the procedures established by the Bankruptcy Court. The Reorganized Debtors shall pay Professional Fee Claims in Cash in the amount the Bankruptcy Court allows, including from the Professional Fee Escrow Account, which the Reorganized Debtors will establish in trust for the Professionals and fund with Cash equal to the Professional Fee Amount on the Effective Date. To the extent that funds held in the Professional Fee Escrow Account are insufficient to satisfy the amount of Professional Fee Claims owing to Professionals, such Professionals shall have an Allowed Administrative Claim for any such deficiency, which shall be satisfied in accordance with Article II.A.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2. <u>Professional Fee Escrow Account.</u>

No later than the Effective Date, the Debtors or the Reorganized Debtors shall establish and fund the Professional Fee Escrow Account with Cash equal to the Professional Fee Amount. The Professional Fee Escrow Account shall be maintained in trust solely for the Professionals until such time as all Professional Fee Claims have been paid. Such funds shall not be considered property of the Estates of the Debtors or the Reorganized Debtors. The amount of Professional Fee Claims owing to the Professionals shall be paid in Cash to such Professionals by the Reorganized Debtors from the Professional Fee Escrow Account as soon as reasonably practicable after such Professional Fee Claims are Allowed. When all such Allowed amounts owing to Professionals have been paid in full, any remaining amount in the Professional Fee Escrow Account shall promptly be paid to the Reorganized Debtors without any further notice to or action, order, or approval of the Bankruptcy Court.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3. <u>Professional Fee Amount.</u>

Professionals shall reasonably estimate their unpaid Professional Fee Claims and other unpaid fees and expenses incurred in rendering services to the Debtors before and as of the Effective Date, and shall deliver such estimate to the Debtors no later than two (2) Business Days before the Effective Date; *provided*, *however*, that such estimate shall not be deemed to limit the amount of the fees and expenses that are the subject of the Professional's final request for payment of Filed Professional Fee Claims. If a Professional does not provide an estimate, the Debtors or Reorganized Debtors may estimate the unpaid and unbilled fees and expenses of such Professional.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4. <u>Post-Confirmation Fees and Expenses.</u>

Except as otherwise specifically provided in the Plan, from and after the Confirmation Date, the Debtors and the Reorganized Debtors, as applicable, shall, in the ordinary course of business and without any further notice to or action, order, or approval of the Bankruptcy Court, pay in Cash the reasonable and documented legal, professional, or other fees and expenses related to implementation of the Plan and Consummation incurred by the Debtors. Upon the Confirmation Date, any requirement that Professionals comply with sections 327 through 331, 363, and 1103 of the Bankruptcy Code in seeking retention or compensation for services rendered after such date shall terminate, and the Debtors and the Reorganized Debtors, as applicable, may employ and pay any Professional in the ordinary course of business without any further notice to or action, order, or approval of the Bankruptcy Court.

D. Priority Tax Claims.

Except to the extent that a Holder of an Allowed Priority Tax Claim agrees to a less favorable treatment, in full and final satisfaction, settlement, release, and discharge of and in exchange for each Allowed Priority Tax Claim, on the Effective Date, each Holder of such Allowed Priority Tax Claim shall be treated in a manner consistent with section 1129(a)(9)(C) of the Bankruptcy Code.

E. Payment of Restructuring Expenses.

The Restructuring Expenses incurred, or estimated to be incurred, up to and including the Effective Date, shall be paid in full in Cash on the Effective Date or as reasonably practicable thereafter (to the extent not previously paid during the course of the Chapter 11 Cases) in accordance with, and subject to, the terms set forth herein, without any requirement to file a fee application with the Bankruptcy Court, without the need for itemized time detail, or without any requirement for Bankruptcy Court review or approval. All Restructuring Expenses to be paid on the Effective Date shall be estimated prior to and as of the Effective Date and such estimates shall be delivered to the Debtors at least two (2) Business Days before the anticipated Effective Date; *provided*, *however*, that such estimates shall not be considered an admission or limitation with respect to such Restructuring Expenses. On the Effective Date, final invoices for all Restructuring Expenses incurred prior to and as of the Effective Date shall be submitted to the Debtors. In addition, the Debtors and the Reorganized Debtors, as applicable, shall continue to pay pre- and post-Effective Date, when due and payable in the ordinary course, Restructuring Expenses related to implementation, consummation, and defense of the Plan, whether incurred before, on, or after the Effective Date.

**Article III. <br> CLASSIFICATION AND TREATMENT OF CLAIMS AND INTERESTS**

A. Classification of Claims and Interests.

This Plan constitutes a separate Plan proposed by each Debtor. Except for the Claims addressed in Article II, all Claims and Interests are classified in the Classes set forth below in accordance with sections 1122 and 1123(a)(1) of the Bankruptcy Code. A Claim or an Interest, or any portion thereof, is classified in a particular Class only to the extent that any portion of such Claim or Interest qualifies within the description of that Class and is classified in other Classes to the extent that any portion of such Claim or Interest qualifies within the description of such other Classes. A Claim or an Interest also is classified in a particular Class for the purpose of receiving distributions under the Plan only to the extent that such Claim or Interest is an Allowed Claim or Interest in that Class and has not been paid, released, or otherwise satisfied prior to the Effective Date.

The classification of Claims against and Interests in the Debtors pursuant to the Plan is as follows:

---

| | | | |
|:---|:---|:---|:---|
| **Class** | **Claims and Interests** | **Status** | **Voting Rights** |
| Class 1 | Other Secured Claims | Unimpaired | Not Entitled to Vote <br> (Deemed to Accept) |
| Class 2 | Other Priority Claims | Unimpaired | Not Entitled to Vote <br> (Deemed to Accept) |
| Class 3 | Prepetition RCF Claims | Impaired | Entitled to Vote |
| Class 4 | Prepetition Term Loan Claims | Impaired | Entitled to Vote |
| Class 5 | Prepetition EPC Claims | Impaired | Entitled to Vote |
| Class 6 | General Unsecured Claims | Impaired | Entitled to Vote |
| Class 7 | Section 510(b) Claims | Impaired | Not Entitled to Vote <br>(Deemed to Reject) |
| Class 8 | Intercompany Claims | Unimpaired / Impaired | Not Entitled to Vote <br>(Deemed to Accept or Deemed to Reject) |
| Class 9 | Intercompany Interests | Unimpaired / Impaired | Not Entitled to Vote <br>(Deemed to Accept or Deemed to Reject) |
| Class 10 | GCEH Existing Interests | Impaired | Not Entitled to Vote <br>(Deemed to Reject) |
| Class 11 | Subsidiary Existing Interests | Impaired | Not Entitled to Vote <br>(Deemed to Reject) |

---

B. Treatment of Claims and Interests.

Each Holder of an Allowed Claim or Allowed Interest, as applicable, shall receive under the Plan the treatment described below in full and final satisfaction, settlement, compromise, release, and discharge of and in exchange for such Holder's Allowed Claim or Allowed Interest. Unless otherwise indicated, the Holder of an Allowed Claim or Allowed Interest, as applicable, shall receive such treatment on the Effective Date or as soon as reasonably practicable thereafter.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1. <u>Class 1 – Other Secured Claims.</u>

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) *Classification*: Class 1 consists of all Other Secured Claims.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) *Treatment*: On the Effective Date, each Holder of an Allowed Other Secured Claim shall receive,
at the option of the applicable Debtor, unless otherwise agreed to by such Holder:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i) in full and final satisfaction of such Allowed Other Secured Claim, (A) payment in full in Cash in an
amount equal to its Allowed Other Secured Claim or (B) delivery of the collateral securing its Allowed Other Secured Claim;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(ii) Reinstatement of its Allowed Other Secured Claim; or

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(iii) such other treatment rendering its Allowed Other Secured Claim Unimpaired in accordance with section 1124
of the Bankruptcy Code.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) *Voting*: Class 1 is Unimpaired under the Plan. Holders of Allowed Other Secured Claims are conclusively
presumed to have accepted the Plan pursuant to section 1126(f) of the Bankruptcy Code. Holders of Allowed Other Secured Claims are
not entitled to vote to accept or reject the Plan.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2. <u>Class 2 – Other Priority Claims.</u>

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) *Classification*: Class 2 consists of all Other Priority Claims.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) *Treatment*: On the Effective Date, each Holder of an Allowed Other Priority Claim, in full and final
satisfaction of such Allowed Other Priority Claim, unless otherwise agreed to by such Holder, shall be paid in full in Cash on the Effective
Date or in the ordinary course of business as and when due, or otherwise receive treatment consistent with the provisions of section 1129(a)
of the Bankruptcy Code.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) *Voting*: Class 2 is Unimpaired under the Plan. Holders of Allowed Other Priority Claims are conclusively
presumed to have accepted the Plan pursuant to section 1126(f) of the Bankruptcy Code. Holders of Allowed Other Priority Claims are not
entitled to vote to accept or reject the Plan.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3. <u>Class 3 – Prepetition RCF Claims.</u>

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) *Classification*: Class 3 consists of all Prepetition RCF Claims.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) *Allowance*: On the Effective Date, the Prepetition RCF Claims shall be Allowed in the aggregate
principal amount of $39.1 million, plus accrued and unpaid interest on such principal amount through the Effective Date, fees, costs,
and other amounts due and owing pursuant to the RCF Credit Agreement, less any such Claims that are converted into DIP Claims.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) *Treatment*: On the Effective Date, each Holder of an Allowed Prepetition RCF Claim shall receive,
in full and final satisfaction of such Allowed Prepetition RCF Claim, unless otherwise agreed by such Holder (subject to the consent rights
set forth in Section 3.02 of the RSA), and solely to the extent such Allowed Prepetition RCF Claim is not converted into a DIP Claim,
conversion of such Allowed Prepetition RCF Claim into the Exit RCF Facility.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(d) *Voting*: Class 3 is Impaired under the Plan. Holders of Allowed Prepetition RCF Claims are entitled
to vote to accept or reject the Plan.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4. <u>Class 4 – Prepetition Term Loan Claims.</u>

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) *Classification*: Class 4 consists of all Prepetition Term Loan Claims.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) *Allowance*: On the Effective Date, the Prepetition Term Loan Claims shall be Allowed in the aggregate
amount of $1.283 billion in principal outstanding, accrued and unpaid interest on such principal amount through the Effective Date, fees,
costs, premiums, and other amounts due and owing pursuant to the Prepetition Term Loan Credit Agreement.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) *Treatment*: On the Effective Date, each Holder of an Allowed Prepetition Term Loan Claim shall receive,
in full and final satisfaction of such Allowed Prepetition Term Loan Claim, unless otherwise agreed to by such Holder (subject to the
consent rights set forth in Section 3.02 of the RSA), and solely to the extent such Allowed Prepetition Term Loan Claim is not converted
into a DIP Claim, its *Pro Rata* share of:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i) the Takeback Debt apportioned to Holders of Allowed Prepetition Term Loan Claims, on the terms and conditions
set forth in the Exit Facilities Term Sheet;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(ii) 4/9ths (44.4%) of the New Preferred Equity, in accordance with the terms and conditions of the Governance
Term Sheet; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(iii) 100% of the New Common Equity.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(d) *Voting*: Class 4 is Impaired under the Plan. Holders of Allowed Prepetition Term Loan Claims are
entitled to vote to accept or reject the Plan.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5. <u>Class 5 – Prepetition EPC Claims.</u>

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) *Classification*: Class 5 consists of all Prepetition EPC Claims.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) *Allowance*: On the Effective Date, the Prepetition EPC Claims shall be allowed in the aggregate
amount of $949,318,504.24 as of March 31, 2025, including interest accrued through that date, *plus* all other obligations, amounts,
and expenses arising under or in connection therewith through the Effective Date, fees, costs, and other amounts due an owing pursuant
to the Terminated EPC Agreement and the Interim Settlement Agreement.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) *Treatment*: On the Effective Date, each Holder of an Allowed Prepetition EPC Claim shall receive,
in full and final satisfaction of such Allowed Prepetition EPC Claim, unless otherwise agreed to by such Holder (subject to the consent
rights set forth in Section 3.02 of the RSA), its *Pro Rata* share of:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i) the Takeback Debt apportioned to Holders of Allowed Prepetition EPC Claims, on the terms and conditions
set forth in the Exit Facilities Term Sheet; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(ii) 5/9ths (55.6%) of the New Preferred Equity, in accordance with the terms and conditions of the Governance
Term Sheet.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(d) *Voting*: Class 5 is Impaired under the Plan. Holders of Allowed Prepetition EPC Claims are entitled
to vote to accept or reject the Plan.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6. <u>Class 6 – General Unsecured Claims.</u>

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) *Classification*: Class 6 consists of all General Unsecured Claims.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) *Treatment*: On the Effective Date, each Holder of an Allowed General Unsecured Claim shall receive,
in full and final satisfaction of such Allowed General Unsecured Claim, unless otherwise agreed to by such Holder (subject to the consent
rights set forth in Section 3.02 of the RSA), its *Pro Rata* share of the beneficial interests of the GUC Trust, entitling such
Holder to its *Pro Rata* share of the GUC Trust Net Assets; *provided* that, in accordance with the Committee Settlement, the
Holders of Allowed Prepetition Term Loan Claims and the Holders of Allowed Prepetition EPC Claims have agreed to subordinate all recoveries
against the GUC Trust Assets on account of any Prepetition Term Loan Deficiency Claim or Prepetition EPC Deficiency Claim, respectively,
to the recoveries of all other Allowed General Unsecured Claims until such other Allowed General Unsecured Claims are paid in full.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) *Voting*: Class 6 is Impaired under the Plan. Holders of Allowed General Unsecured Claims are entitled
to vote to accept or reject the Plan.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7. <u>Class 7 – Section 510(b) Claims.</u>

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) *Classification*: Class 7 consists of all Section 510(b) Claims, if any.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) *Treatment*: On the Effective Date, all Section 510(b) Claims (if any) shall be cancelled, released,
discharged, and extinguished and will be of no further force or effect, and the Holders of such Claims will not receive any distribution
on account of such Claims.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) *Voting*: Class 7 is Impaired under the Plan. Holders of Allowed Section 510(b) Claims are deemed
to have rejected the Plan under section 1126(g) of the Bankruptcy Code.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;8. <u>Class 8 – Intercompany Claims.</u>

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) *Classification*: Class 8 consists of all Intercompany Claims.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) *Treatment*: On the Effective Date, Intercompany Claims shall be (i) Reinstated or (ii) set off,
settled, distributed, contributed, cancelled, converted to equity, or released without any distribution on account of such Allowed Intercompany
Claim, or otherwise addressed at the option of the Reorganized Debtors, without any distribution.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) *Voting*: Holders of Intercompany Claims are either Unimpaired, and as such, Holders of Intercompany
Claims are conclusively presumed to have accepted the Plan under section 1126(f) of the Bankruptcy Code, or Impaired, and as such,
Holders of Intercompany Claims are deemed to have rejected the Plan pursuant to section 1126(g) of the Bankruptcy Code. Holders of
Intercompany Claims are not entitled to vote to accept or reject the Plan.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;9. <u>Class 9 – Intercompany Interests.</u>

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) *Classification*: Class 9 consists of all Intercompany Interests.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) *Treatment*: On the Effective Date, Intercompany Interests shall be (i) Reinstated or (ii) set off,
settled, distributed, contributed, cancelled, or released without any distribution on account of such Allowed Intercompany Interest, or
otherwise addressed at the option of the Reorganized Debtors.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) *Voting*: Holders of Intercompany Interests are either Unimpaired, and as such, Holders of Intercompany
Interests are conclusively presumed to have accepted the Plan under section 1126(f) of the Bankruptcy Code, or Impaired, and as such,
Holders of Intercompany Interests are deemed to have rejected the Plan pursuant to section 1126(g) of the Bankruptcy Code. Holders
of Intercompany Interests are not entitled to vote to accept or reject the Plan.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;10. <u>Class 10 – GCEH Existing Interests.</u>

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) *Classification:* Class 10 consists of all GCEH Existing Interests.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) *Treatment*: On the Effective Date, each Holder of an Allowed GCEH Existing Interest shall, in full
and final satisfaction, settlement, release, and discharge of such Allowed GCEH Existing Interest have its Allowed GCEH Existing Interest
be cancelled, released, extinguished, and of no further force or effect, and such Holder shall not receive any distribution, property,
or other value under the Plan on account of such Allowed GCEH Existing Interest.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) *Voting*: Class 10 is Impaired under the Plan. Holders of GCEH Existing Interests are deemed to have
rejected the Plan under section 1126(g) of the Bankruptcy Code.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;11. <u>Class 11 – Subsidiary Existing Interests.</u>

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) *Classification:* Class 11 consists of all Subsidiary Existing Interests.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) *Treatment*: On the Effective Date, each Allowed Subsidiary Existing Interest shall, in full and
final satisfaction, release, and discharge of such Allowed Subsidiary Existing Interest, be cancelled, released, discharged, and extinguished
and will be of no further force or effect, and Holders of such Allowed Subsidiary Existing Interests shall not receive any distribution,
property, or other value under the Plan on account of such Allowed Subsidiary Existing Interests.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) *Voting*: Class 11 is Impaired under the Plan. Holders of Subsidiary Existing Interests are deemed
to have rejected the Plan under section 1126(g) of the Bankruptcy Code.

C. Special Provision Governing Unimpaired Claims.

Except as otherwise provided in the Plan, nothing under the Plan shall affect the Debtors' or the Reorganized Debtors' rights regarding any Unimpaired Claims, including, all rights regarding legal and equitable defenses to, or setoffs or recoupments against, any such Unimpaired Claims.

D. Elimination of Vacant Classes.

Any Class of Claims or Interests that does not have a Holder of an Allowed Claim or Allowed Interest or a Claim or Interest temporarily Allowed by the Bankruptcy Court as of the date of the Confirmation Hearing shall be deemed eliminated from the Plan for purposes of voting to accept or reject the Plan and for purposes of determining acceptance or rejection of the Plan by such Class pursuant to section 1129(a)(8) of the Bankruptcy Code.

E. Voting Classes, Presumed Acceptance by Non-Voting Classes.

If a Class contains Claims or Interests eligible to vote and no Holders of Claims or Interests eligible to vote in such Class vote to accept or reject the Plan, the Holders of such Claims or Interests in such Class shall be deemed to have accepted the Plan.

F. Intercompany Interests.

To the extent Reinstated under the Plan, distributions on account of Intercompany Interests are not being received by Holders of such Intercompany Interests on account of their Intercompany Interests but for the purposes of administrative convenience, for the ultimate benefit of the Holders of New Common Equity, and in exchange for the Debtors' and Reorganized Debtors' agreement under the Plan to make certain distributions to the Holders of Allowed Claims.

G. Confirmation Pursuant to Sections 1129(a)(10) and 1129(b) of the Bankruptcy Code.

Section 1129(a)(10) of the Bankruptcy Code shall be satisfied for purposes of Confirmation by acceptance of the Plan by one or more of the Classes entitled to vote pursuant to Article III.B. The Debtors shall seek Confirmation of the Plan pursuant to section 1129(b) of the Bankruptcy Code with respect to any rejecting Class of Claims or Interests. The Debtors reserve the right to modify the Plan in accordance with Article X to the extent, if any, that Confirmation pursuant to section 1129(b) of the Bankruptcy Code requires modification, including by modifying the treatment applicable to a Class of Claims or Interests to render such Class of Claims or Interests Unimpaired to the extent permitted by the Bankruptcy Code and the Bankruptcy Rules.

H. Controversy Concerning Impairment.

If a controversy arises as to whether any Claims or Interests are Impaired, the Bankruptcy Court shall, after notice and a hearing, determine such controversy on or before the Confirmation Date.

I. Subordinated Claims.

The allowance, classification, and treatment of all Allowed Claims and Allowed Interests and the respective distributions and treatments under the Plan take into account and conform to the relative priority and rights of the Claims and Interests in each Class in connection with any contractual, legal, and equitable subordination rights relating thereto, whether arising under general principles of equitable subordination, section 510(b) of the Bankruptcy Code, or otherwise. Pursuant to section 510 of the Bankruptcy Code, the Reorganized Debtors reserve the right to re-classify any Allowed Claim or Allowed Interest in accordance with any contractual, legal, or equitable subordination relating thereto.

**Article IV. <br> MEANS FOR IMPLEMENTATION OF THE PLAN**

A. General Settlement of Claims and Interests.

As discussed in detail in the Disclosure Statement and as otherwise provided herein, pursuant to section 1123 of the Bankruptcy Code and Bankruptcy Rule 9019, and in consideration for the classification, distributions, releases, and other benefits provided under the Plan, upon the Effective Date, the provisions of the Plan shall constitute a good faith compromise and settlement of all Claims and Interests and controversies resolved pursuant to the Plan, including the Committee Settlement. The Plan shall be deemed a motion to approve the good faith compromise and settlement of all such Claims, Interests, and controversies pursuant to Bankruptcy Rule 9019, and the entry of the Confirmation Order shall constitute the Bankruptcy Court's approval of such compromise and settlement under section 1123 of the Bankruptcy Code and Bankruptcy Rule 9019, as well as a finding by the Bankruptcy Court that such settlement and compromise is fair, equitable, reasonable, and in the best interests of the Debtors and their Estates. Subject to Article VI, all distributions made to Holders of Allowed Claims and Allowed Interests (as applicable) in any Class are intended to be and shall be final.

B. Restructuring Transactions.

Before, on, and after the Effective Date, the applicable Debtors or the Reorganized Debtors shall enter into any transaction and shall take any actions as may be necessary or appropriate to effect any transaction described in, approved by, contemplated by, or necessary to effectuate the Plan that are consistent with and pursuant to the terms and conditions of the Plan, including taking any actions set forth in the Restructuring Transactions Steps Memorandum, which transactions may include, as applicable, any of the following:(i) the execution and delivery of appropriate agreements or other documents of merger, amalgamation, consolidation, restructuring, conversion, disposition, transfer, arrangement, continuance, dissolution, sale, purchase, or liquidation containing terms that are consistent with the terms of the Plan and that satisfy the applicable requirements of applicable law and any other terms to which the applicable Entities may agree; (ii) the execution and delivery of appropriate instruments of transfer, assignment, assumption, or delegation of any asset, property, right, liability, debt, or obligation on terms consistent with the terms of the Plan and having other terms for which the applicable parties agree; (iii) the filing of appropriate certificates or articles of incorporation, reincorporation, merger, consolidation, conversion, amalgamation, arrangement, continuance, or dissolution pursuant to applicable state or provincial law; (iv) the execution, delivery, and entry into the Exit Facilities Documents; (v) the issuance and distribution of the New Common Equity as set forth in the Plan; (vi) the issuance and distribution of the New Preferred Equity as set forth in the Plan; (vii) the execution and delivery of the New Organizational Documents and any certificates or articles of incorporation, bylaws, or such other applicable formation documents (if any) of each Reorganized Debtor (including all actions to be taken, undertakings to be made, obligations to be incurred, and fees and expenses to be paid by the Debtors and/or the Reorganized Debtors, as applicable); (viii) such other transactions that, in the reasonable business judgment of the Debtors or the Reorganized Debtors, as applicable, and the DIP Lenders are required to effectuate the Restructuring Transactions; (ix) all transactions necessary to provide for the purchase of substantially all of the assets or Interests of any of the Debtors by one or more Entities to be wholly owned by Reorganized GCEH, which purchase shall be structured as a taxable transaction for United States federal income tax purposes; and (x) all other actions that the applicable Entities determine to be necessary or appropriate, including making filings or recordings that may be required by applicable law.

The Confirmation Order shall and shall be deemed to, pursuant to both section 1123 and section 363 of the Bankruptcy Code, authorize, among other things, all actions as may be necessary or appropriate to effectuate any transaction described in, approved by, contemplated by, or necessary to effectuate the Plan.

The Confirmation Order shall authorize the Debtors and the Reorganized Debtors, as applicable, to undertake the Restructuring Transactions contemplated by the RSA, the Committee Settlement, and other Definitive Documents, including pursuant to sections 363, 365, 1123(a)(5)(B), and 1123(a)(5)(D) of the Bankruptcy Code.

C. Director, Officer, and Manager Liability Insurance.

After the Effective Date, Reorganized GCEH will not terminate or otherwise reduce the coverage under any D&O Liability Insurance Policies (including any "tail policy") in effect or purchased as of the Petition Date, and all members, managers, directors, and officers of the Debtors who served in such capacity at any time prior to the Effective Date or any other individuals covered by such insurance policies, will be entitled to the full benefits of any such policy for the full term of such policy regardless of whether such members, managers, directors, officers, or other individuals remain in such positions on or after the Effective Date.

D. Employment Obligations.

On the Effective Date, the Reorganized Debtors shall (a) assume the Assumed Agreements and (b) assume and/or honor in the ordinary course of business any contracts, agreements, policies, programs, and plans, in accordance with their respective terms, for health care benefits, disability benefits, savings, retirement benefits, welfare benefits, workers' compensation insurance, and accidental death and dismemberment insurance for the directors, officers, and employees of any of the Debtors who served in such capacity on or after the effective date of any such agreement or, in each case, the full amount necessary to satisfy such obligations shall be set aside to satisfy such obligations.

For the avoidance of doubt, pursuant to section 1129(a)(13) of the Bankruptcy Code, as of the Effective Date, all retiree benefits (as such term is defined in section 1114 of the Bankruptcy Code), if any, shall continue to be paid in accordance with applicable law.

E. Cancellation of Notes, Instruments, Certificates, and Other Documents.

On the Effective Date, except as otherwise provided in the Plan or the Confirmation Order, all notes, instruments, certificates, and other documents evidencing Claims or Interests, including credit agreements, and indentures, shall automatically be deemed cancelled, discharged, and of no further force and effect, and the obligations of the Debtors and any non-Debtor Affiliate thereunder or in any way related thereto shall be deemed satisfied in full, cancelled, discharged, and of no force or effect. Holders of or parties to such cancelled instruments, certificates, and other documentation will have no rights arising from or relating to such instruments, securities, and other documentation, or the cancellation thereof, except the rights provided for pursuant to this Plan or a Confirmation Order.

Notwithstanding the foregoing or anything to the contrary herein, any such agreement that governs the rights of the Holder of a Claim or Interest shall continue in effect solely for purposes of, as applicable: (a) enabling Holders of Allowed Claims under such agreements to receive distributions under the Plan as provided herein; and (b) allowing and preserving the rights of the Agents, and any other applicable paying agent or trustee, to (i) make distributions in satisfaction of Allowed Claims under such agreements, (ii) maintain and exercise their respective charging liens, against any such distributions, (iii) seek compensation and reimbursement for any reasonable and documented fees and expenses incurred in making such distributions, (iv) maintain and enforce any right to indemnification, expense reimbursement, contribution, or subrogation or any other claim or entitlement, (v) exercise their rights and obligations relating to the interests of their holders, and (vi) appear and be heard in these Chapter 11 Cases.

If the record holder of any GCEH Existing Interests is DTC or its nominee or another securities depository or custodian thereof, and such underlying securities are represented by a global security held by or on behalf of DTC or such other securities depository or custodian, then each Holder of such GCEH Existing Interests or other Debtors' securities shall be deemed to have surrendered such Holder's securities underlying such Holder's GCEH Existing Interests or other Debtors' securities.

F. Section 1146 Exemption.

To the fullest extent permitted by section 1146(a) of the Bankruptcy Code, any transfers (including, for the avoidance of doubt, any transfers from a Debtor to a Reorganized Debtor or to any other Person) of property under or in connection with the Plan, including or pursuant to: (a) the issuance, Reinstatement, distribution, transfer, or exchange of any debt, Equity Security, or other interest in the Debtors or the Reorganized Debtors, as applicable; (b) the Restructuring Transactions; (c) the creation, modification, consolidation, termination, refinancing, and/or recording of any mortgage, deed of trust, or other security interest, or the securing of additional indebtedness by such or other means; (d) the making, assignment, or recording of any lease or sublease; (e) the grant of collateral as security pursuant to the Plan; or (f) the making, delivery, or recording of any deed or other instrument of transfer under, in furtherance of, or in connection with, the Plan, including any deeds, bills of sale, assignments, or other instrument of transfer executed in connection with any transaction arising out of, contemplated by, or in any way related to the Plan, shall not be subject to any document recording tax, stamp tax, conveyance fee, intangibles or similar tax, mortgage tax, real estate transfer tax, mortgage recording tax, Uniform Commercial Code filing or recording fee, regulatory filing or recording fee, or other similar tax or governmental assessment, and upon entry of the Confirmation Order, the appropriate state or local governmental officials or agents shall forego the collection of any such tax or governmental assessment and accept for filing and recordation any of the foregoing instruments or other documents without the payment of any such tax, recordation fee, or governmental assessment. All filing or recording officers (or any other Person with authority over any of the foregoing), wherever located and by whomever appointed, shall comply with the requirements of section 1146(a) of the Bankruptcy Code, shall forego the collection of any such tax, fee, or governmental assessment, and shall accept for filing and recordation any of the foregoing instruments or other documents without the payment of any such tax, fee, or governmental assessment.

G. The GUC Trust.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1. <u>Establishment of the GUC Trust.</u>

On the Effective Date, the Debtors will establish the GUC Trust. The GUC Trust will have no objective other than as set forth in, and shall fulfill its purpose in accordance with, the GUC Trust Agreement.

On the Effective Date, the Debtors and the GUC Trustee shall enter into the GUC Trust Agreement, and the applicable Debtors shall transfer to the GUC Trust, for the benefit of the Holders of Allowed General Unsecured Claims, $3 million of the GUC Cash, free and clear of any and all liens, claims, interests, or encumbrances. After the Effective Date, the Reorganized Debtors shall fund $1.5 million of GUC Cash to the GUC Trust, for the benefit of the Holders of Allowed General Unsecured Claims and free and clear of any and all liens, claims, interests, or encumbrances, at year-end for years 2026 through 2030, which funding obligation shall be a joint and several obligation of each of the Reorganized Debtors.

In addition, after the Effective Date, the applicable Reorganized Debtor shall transfer to the GUC Trust any payments due in respect of the Earn Out Amount on the timeline set forth in, and pursuant and subject to the terms and conditions of, the Earn Out Agreement. For the avoidance of doubt, (a) the aggregate amount of payments required to be made by the applicable Reorganized Debtor in respect of the Earn Out Amount shall be capped at and shall not exceed, in the aggregate, the Earn Out Cap, and (b) in the event the Sale Earn Out Amount is payable and subsequently paid by the applicable Reorganized Debtor to the GUC Trust in any calendar year, such applicable Reorganized Debtor shall have no obligation to transfer to the GUC Trust any further payments in respect of the Earn Out Amount with respect to such calendar year or any subsequent year and the Earnout Agreement shall be terminated contemporaneously with the making by such Reorganized Debtor of such Sale Earn Out Amount payment, if any as required under the Earn Out Agreement.

The GUC Trust shall be governed by the GUC Trust Agreement and administered by the GUC Trustee in accordance with the GUC Trust Agreement. The GUC Trust Agreement shall provide for the identity and appointment of the GUC Trustee. Under no circumstance shall the Debtors or the Reorganized Debtors or any other party be required to contribute any additional assets to the GUC Trust other than the GUC Trust Assets. After the Effective Date, neither the Debtors, the Reorganized Debtors, nor any other party shall have any interest in the GUC Trust Assets except as expressly set forth herein and in the GUC Trust Agreement.

Subject in all respects to the GUC Trust Agreement, the Debtors and the Reorganized Debtors shall, upon reasonable notice, cooperate with the GUC Trustee and any professionals retained by the GUC Trust (at the sole cost and expense of the GUC Trust) in the administration of the GUC Trust, including by providing the GUC Trustee reasonable access, during normal business hours, to the Debtors' or the Reorganized Debtors' personnel and books and records, to the extent the Debtors or the Reorganized Debtors have such information and/or documents, to enable the GUC Trustee to perform its duties expressly authorized hereunder and as set forth in greater detail in the GUC Trust Agreement. To the extent the GUC Trust receives information from the Debtors or the Reorganized Debtors in connection with the General Unsecured Claims, the GUC Trust's receipt of such documents, information, or communications shall not constitute a waiver of any privilege. All privileges shall remain in the control of the Debtors or the Reorganized Debtors, as applicable, and the Debtors or the Reorganized Debtors, as applicable, retain the sole right to waive their own privileges. Subject in all respects to the GUC Trust Agreement, reasonable agreements will be made with the GUC Trustee such that confidential information and privileges are preserved, while permitting the GUC Trustee to use, as necessary to administer the GUC Trust, such information and privilege; absent such agreements, either the GUC Trustee or the Reorganized Debtors may present the issue to the Bankruptcy Court for resolution.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2. <u>Rights and Powers of the GUC Trustee.</u>

The GUC Trustee shall be selected by the Committee in its sole discretion. The powers, rights, and responsibilities of the GUC Trustee shall be specified herein and/or in the GUC Trust Agreement, as applicable, and shall include the responsibility and requisite power to reconcile General Unsecured Claims, including asserting any objections thereto.

In furtherance of, and consistent with, the purposes of the GUC Trust and the Plan, the GUC Trustee shall, among other things and pursuant to the GUC Trust Agreement, (a) have the power and authority to hold, manage, sell, invest, and distribute to the Holders of Allowed General Unsecured Claims, the GUC Trust Assets, including any proceeds thereof, (b) hold the GUC Trust Assets for the benefit of the Holders of Allowed General Unsecured Claims, (c) have the power and authority to prosecute and resolve objections to Disputed General Unsecured Claims, and (d) have the power and authority to perform such other functions as are provided for herein and the GUC Trust Agreement. For the avoidance of doubt, notwithstanding anything to the contrary in the Plan or the GUC Trust Agreement, the GUC Trustee shall not pursue any Claims or Causes of Action against any Released Party released pursuant to the Plan.

The GUC Trustee shall have primary responsibility for the Unsecured Claims Reconciliation Process; *provided* that the Debtors and the Consenting Stakeholders, in consultation with the GUC Trustee, shall have express rights to object to and prosecute such objections to General Unsecured Claims not Allowed under the Plan. For the avoidance of doubt, (a) any settlements of General Unsecured Claims proposed by the Debtors or the Consenting Stakeholders shall be subject to the consent of the GUC Trustee, such consent not to be unreasonably withheld, delayed, or conditioned (provided that the GUC Trustee's consent shall not be required in connection with the Debtors' assumption or rejection of any Executory Contract or Unexpired Lease, or in connection with the terms of such assumption or rejection), and (b) to the extent that the Debtors or the Consenting Stakeholders object to and prosecute objections to General Unsecured Claims, such party will be solely responsible for the fees and expenses incurred thereby; *provided, further*, that, on the Effective Date, the Debtors, in a reasonable exercise of their business judgment, shall pay and discharge, on a case-by-case basis, the unpaid prepetition Trade Claims with respect to the Vendor Distribution Amount in accordance with the Committee Settlement. All objections to General Unsecured Claims shall be filed by the GUC Trustee within 180 days of the Effective Date, unless extended by order of the Bankruptcy Court.

The GUC Trustee shall have a right to file a motion to reopen one or more of the Chapter 11 Cases, including for purposes of the Unsecured Claims Reconciliation Process and to the extent necessary for the GUC Trustee to make distributions at a later date; *provided*, *however*, that the GUC Trust shall be responsible for the payment of or reimbursement of all U.S. Trustee fees and all other fees and expenses incurred in connection with any such reopening the Chapter 11 Cases.

The GUC Trustee shall have the authority to reasonably retain any professionals necessary to assist the GUC Trustee in carrying out its duties under the GUC Trust Agreement; *provided* that any such professionals shall be compensated solely from the GUC Trust Assets, and in no event shall the GUC Trustee or any of its professionals have or make any claim for reimbursement of fees or expenses against any Person other than the GUC Trustee or any property other than the GUC Trust Assets. The GUC Trustee shall have the authority to pay its professionals out of the GUC Trust Assets. For the avoidance of doubt, the GUC Trust Fees and Expenses shall be paid exclusively from the GUC Trust Assets.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3. <u>Tax Treatment.</u>

To the extent reasonably practicable, the Debtors intend to treat the GUC Trust as a "liquidating trust" under section 301.7701-4(d) of the Treasury Regulations and a grantor trust under section 671 of the Tax Code. If such treatment applies, for U.S. federal income tax purposes, the transfer of assets to the GUC Trust would be deemed to occur as (a) a first-step transfer of the GUC Trust Assets to the Holders of the General Unsecured Claims and (b) a second-step transfer by such Holders to the GUC Trust. Thus, such Holders would be treated as the grantors and owners of a grantor trust for federal income tax purposes. The Debtors shall treat the transfer of assets to the GUC Trust, including all rights to any future payments of the Earn Out Amount, as a "closed transaction" for U.S. federal (and applicable state and local) income tax purposes, based on a valuation of the rights to the Earn Out Amount performed by the Debtors.

No request for a ruling from the IRS will be sought on the classification of the GUC Trust. Accordingly, there can be no assurance that the IRS would not take a contrary position to the classification of the GUC Trust if the Debtors were to take the position that it is a grantor trust. If the Debtors were to take the position that the GUC Trust is a grantor trust and the IRS were to successfully challenge the classification of the GUC Trust as a grantor trust, the federal income tax consequences to the GUC Trust and the GUC Trust beneficiaries could vary from those discussed in the Plan (including the potential for an entity-level tax). For example, the IRS could characterize the GUC Trust as a so-called "complex trust" subject to a separate entity-level tax on its earnings, except to the extent that such earnings are distributed during the taxable year.

As soon as possible after the transfer of the GUC Trust Assets to the GUC Trust, the GUC Trustee shall make a good faith valuation of the GUC Trust Assets. This valuation will be made available from time to time, as relevant for tax reporting purposes. Each of the Debtors, the GUC Trustee, and the holders of General Unsecured Claims shall take consistent positions with respect to the valuation of the GUC Trust Assets, and such valuations shall be utilized for all U.S. federal income tax purposes. Allocations of taxable income and loss of the GUC Trust among the GUC Trust beneficiaries shall be determined by reference to the GUC Trust beneficiaries' economic entitlements in respect of the GUC Trust, as would be further described in the organizational documents of the GUC Trust.

The GUC Trust shall in no event be dissolved later than five years from the creation of such GUC Trust unless the Bankruptcy Court, upon motion within the six-month period prior to the fifth anniversary (or within the six-month period prior to the end of an extension period), determines that a fixed period extension (not to exceed five years, together with any prior extensions, without a favorable private letter ruling from the IRS or an opinion of counsel satisfactory to the GUC Trustee that any further extension would not adversely affect the status of the trust as a liquidating trust for U.S. federal income tax purposes) is necessary to facilitate or complete the recovery and liquidation of the GUC Trust Assets.

If the tax treatment above were to apply, the GUC Trust would file annual information tax returns with the IRS as a grantor trust pursuant to section 1.671-4(a) of the Treasury Regulations that would include information concerning certain items relating to the holding or disposition (or deemed disposition) of the GUC Trust Assets (*e.g.*, income, gain, loss, deduction and credit). Each GUC Trust beneficiary holding a GUC Trust beneficial interest would receive a copy of the information returns and would be required to report on its federal income tax return its share of all such items.

However, notwithstanding the foregoing, with respect to any of the assets of the GUC Trust that are subject to potential disputed claims of ownership or uncertain distributions, or to the extent "liquidating trust" treatment is otherwise unavailable or not elected to be applied with respect to the GUC Trust, the Debtors anticipate that such assets will be subject to disputed ownership fund treatment under section 1.468B-9 of the Treasury Regulations, that any appropriate elections with respect thereto shall be made, and that such treatment will also be applied to the extent possible for state and local tax purposes. Under such treatment, a separate federal income tax return would be filed with the IRS for any such account. Any taxes (including with respect to interest, if any, earned in the account) imposed on such account would be paid out of the assets of the respective account (and reductions shall be made to amounts disbursed from the account to account for the need to pay such taxes).

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4. <u>Transfer of Interests in the GUC Trust.</u>

Any and all interests in the GUC Trust shall be transferrable either pursuant to the terms of the GUC Trust Agreement or by will, intestate succession, or otherwise by operation of law. In addition, any and all interests in the GUC Trust will not constitute "securities" and will not be registered pursuant to the Securities Act or any applicable state or local securities law. To the extent beneficial interests in the GUC Trust are deemed to be "securities" as defined in section 2(a)(1) of the Securities Act, section 101 of the Bankruptcy Code, and applicable state securities laws, the Debtors intend that the exemption provisions of section 1145 of the Bankruptcy Code will apply to such beneficial interests.

H. The Reorganized Debtors.

On the Effective Date, the New Board shall be established, and Reorganized GCEH and the other Reorganized Debtors, as applicable, shall adopt the New Organizational Documents. The Reorganized Debtors shall be authorized to adopt any other agreements, documents, and instruments and to take any other actions contemplated under the Plan as necessary to consummate the Plan.

I. Sources of Consideration for Plan Distributions.

The Debtors shall fund or make distributions under the Plan, as applicable, and in each case consistent with the Restructuring Transactions Steps Memorandum, with: (i) the Exit RCF Facility; (ii) the Exit Term Loan Facilities; (iii) the Exit EPC Claims; (iv) the New Common Equity; (v) the New Preferred Equity; (vi) interests in the GUC Trust; and (vii) the Debtors' Cash on hand. Each distribution and issuance referred to in Article VI shall be governed by the terms and conditions set forth in the Plan applicable to such distribution or issuance and by the terms and conditions of the instruments or other documents evidencing or relating to such distribution or issuance, which terms and conditions shall bind each Entity receiving such distribution or issuance. The issuance, distribution, or authorization, as applicable, of certain Securities in connection with the Plan, including the New Common Equity and New Preferred Equity, will be exempt from Securities Act registration, as described more fully below.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1. <u>Exit RCF Facility.</u>

On the Effective Date, the Reorganized Debtors shall enter into the Exit RCF Facility, the terms, conditions, structure, and principal amount of which will be set forth in the Exit RCF Credit Agreement and which shall be in form and substance reasonably acceptable to the Reorganized Debtors, the Required Consenting Term Loan Lenders, the Required Consenting RCF Lenders, and the DIP RCF Lenders. Confirmation of the Plan shall be deemed approval of the Exit RCF Facility, including the Exit RCF Credit Agreement and the other Exit RCF Facility Documents, as applicable, and all transactions contemplated thereby, and all actions to be taken, undertakings to be made, and obligations to be incurred by the Reorganized Debtors in connection therewith, including the payment of all fees, indemnities, expenses, and other payments provided for therein and authorization of the Reorganized Debtors to enter into and execute the Exit RCF Facility Documents and such other documents as may be required to effectuate the treatment afforded by the Exit RCF Facility.

On the Effective Date, all of the Liens and security interests to be granted in accordance with the Exit RCF Facility Documents (a) shall be deemed to be granted, (b) shall be legal, binding, and enforceable Liens on, and security interests in, the collateral granted thereunder in accordance with the terms of the Exit RCF Facility Documents, (c) shall be deemed automatically perfected on the Effective Date, subject only to such Liens and security interests as may be permitted under the Exit RCF Facility Documents, and (d) shall not be subject to recharacterization or equitable subordination for any purposes whatsoever and shall not constitute preferential transfers or fraudulent conveyances under the Bankruptcy Code or any applicable non-bankruptcy law. The Reorganized Debtors and the persons and entities granted such Liens and security interests shall be authorized to make all filings and recordings, and to obtain all governmental approvals and consents necessary to establish and perfect such Liens and security interests under the provisions of the applicable state, federal, or other law that would be applicable in the absence of the Plan and the Confirmation Order (it being understood that perfection shall occur automatically by virtue of the entry of the Confirmation Order and any such filings, recordings, approvals, and consents shall not be required), and will thereafter cooperate to make all other filings and recordings that otherwise would be necessary under applicable law to give notice of such Liens and security interests to third parties.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2. <u>Exit Term Loan Facilities.</u>

On the Effective Date, the Reorganized Debtors shall enter into the Exit Term Loan Facilities, the terms of which will be set forth in the Exit Term Loan Credit Agreements and which shall be in form and substance reasonably acceptable to the Reorganized Debtors, the Required Consenting Term Loan Lenders, the DIP Term Loan Lenders, and, only to the extent applicable under the RSA, the required Consenting RCF Lenders and CTCI. Confirmation of the Plan shall be deemed approval of the Exit Term Loan Facilities, including the Exit Term Loan Credit Agreements and other Exit Term Loan Facilities Documents, as applicable, and all transactions contemplated thereby, and all actions to be taken, undertakings to be made, and obligations to be incurred by the Reorganized Debtors in connection therewith, including the payment of all fees, indemnities, expenses, and other payments provided for therein and authorization of the Reorganized Debtors to enter into and execute the Exit Term Loan Facilities Documents and such other documents as may be required to effectuate the treatment afforded by the Exit Term Loan Facilities.

On the Effective Date, all of the Liens and security interests to be granted in accordance with the Exit Term Loan Facilities Documents (a) shall be deemed to be granted, (b) shall be legal, binding, and enforceable Liens on, and security interests in, the collateral granted thereunder in accordance with the terms of the Exit Term Loan Facilities Documents, (c) shall be deemed automatically perfected on the Effective Date, subject only to such Liens and security interests as may be permitted under the Exit Term Loan Facilities Documents, and (d) shall not be subject to recharacterization or equitable subordination for any purposes whatsoever and shall not constitute preferential transfers or fraudulent conveyances under the Bankruptcy Code or any applicable non-bankruptcy law. The Reorganized Debtors and the persons and entities granted such Liens and security interests shall be authorized to make all filings and recordings, and to obtain all governmental approvals and consents necessary to establish and perfect such Liens and security interests under the provisions of the applicable state, federal, or other law that would be applicable in the absence of the Plan and the Confirmation Order (it being understood that perfection shall occur automatically by virtue of the entry of the Confirmation Order and any such filings, recordings, approvals, and consents shall not be required), and will thereafter cooperate to make all other filings and recordings that otherwise would be necessary under applicable law to give notice of such Liens and security interests to third parties.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3. <u>New Common Equity and New Preferred Equity.</u>

Reorganized GCEH shall be authorized to issue a certain number of units of New Common Equity and New Preferred Equity pursuant to its New Organizational Documents. On the Effective Date, the New Common Equity and New Preferred Equity shall be issued and distributed pursuant to, and in accordance with, the Plan.

All of the units of the New Common Equity and the New Preferred Equity issued pursuant to the Plan shall be duly authorized, validly issued, fully paid, and non-assessable. Each distribution and issuance referred to in Article VI shall be governed by the terms and conditions set forth in the Plan applicable to such distribution or issuance and by the terms and conditions of the instruments evidencing or relating to such distribution or issuance, which terms and conditions shall bind each Entity receiving such distribution or issuance. The New Common Equity and New Preferred Equity will not be registered under the Securities Act or listed on any national securities exchange as of the Effective Date.

J. Private Company.

The Reorganized Debtors shall not have any class of Interests listed on a national securities exchange and shall make commercially reasonable efforts to take the steps necessary to be a private company without any Securities Act or Exchange Act reporting obligations upon emergence or as soon as reasonably practicable thereafter in accordance with and to the extent permitted by the Securities Act and the Exchange Act.

K. Corporate Existence.

Except as otherwise provided in the Plan, the Plan Supplement, the New Organizational Documents, or the Restructuring Transactions Steps Memorandum, each Debtor shall continue to exist after the Effective Date as a separate corporate Entity, limited liability company, partnership, or other form, as the case may be, with all the powers of a corporation, limited liability company, partnership, or other form, as the case may be, pursuant to the applicable law in the jurisdiction in which such Debtor is incorporated or formed and pursuant to the certificate of incorporation and by-laws (or other formation documents) in effect prior to the Effective Date, except to the extent such certificate of incorporation and by-laws (or other formation documents) are amended under the Plan or otherwise, and to the extent such documents are amended, such documents are deemed to be amended pursuant to the Plan and require no further action or approval (other than any requisite filings required under applicable state, provincial, or federal law). On or after the Effective Date, the respective certificate of incorporation and bylaws (or other formation documents) of one or more of the Reorganized Debtors may be amended or modified in accordance with the terms therein without supervision or approval by the Bankruptcy Court and free of any restrictions of the Bankruptcy Code or Bankruptcy Rules. On or after the Effective Date, one or more of the Reorganized Debtors may be disposed of, dissolved, wound down, or liquidated without supervision or approval by the Bankruptcy Court and free of any restrictions of the Bankruptcy Code or Bankruptcy Rules.

L. Vesting of Assets in the Reorganized Debtors.

Except as otherwise provided in the Plan, the Confirmation Order, or any agreement, instrument, or other document incorporated herein, on the Effective Date, all property in each Estate, all Causes of Action, and any property acquired by any of the Debtors pursuant to the Plan shall vest in the Reorganized Debtors, free and clear of all Liens, Claims, charges, Causes of Action, or other encumbrances and interests. On and after the Effective Date, except as otherwise provided in the Plan, the Confirmation Order, or any agreement, instrument, or other document incorporated herein, each Reorganized Debtor may operate its business and may use, acquire, or dispose of property and compromise or settle any Claims, Interests, or Causes of Action without supervision or approval by the Bankruptcy Court and free of any restrictions of the Bankruptcy Code or Bankruptcy Rules.

M. Corporate Action.

Upon the Effective Date, all actions contemplated under the Plan shall be deemed authorized and approved in all respects, including: (a) selection of the directors, officers, or managers for the Reorganized Debtors; (b) the distribution of the New Common Equity and New Preferred Equity; (c) implementation of the Restructuring Transactions; (d) entry into the Exit Facilities Documents; (e) all other actions contemplated under the Plan (whether to occur before, on, or after the Effective Date); (f) adoption of the New Organizational Documents; (g) the rejection, assumption, or assumption and assignment, as applicable, of Executory Contracts and Unexpired Leases; (h) adoption or assumption, as applicable, of the Employment Obligations; and (i) all other acts or actions contemplated or reasonably necessary or appropriate to promptly consummate the Restructuring Transactions contemplated by the Plan (whether to occur before, on, or after the Effective Date). All matters provided for in the Plan involving the corporate structure of the Debtors or the Reorganized Debtors, and any corporate action required by the Debtors or the Reorganized Debtor, as applicable, in connection with the Plan shall be deemed to have occurred and shall be in effect, without any requirement of further action by the security Holders, directors, officers, or managers of the Debtors or the Reorganized Debtors, as applicable. On or prior to the Effective Date, as applicable, the appropriate officers of the Debtors or the Reorganized Debtors, as applicable, shall be authorized and directed, as applicable, to issue, execute, and deliver the agreements, documents, securities, and instruments contemplated under the Plan (or necessary or desirable to effect the transactions contemplated under the Plan) in the name of and on behalf of the Reorganized Debtors, including the New Common Equity, the New Preferred Equity, the New Organizational Documents, the Exit Facilities, the Exit Facilities Documents, and any and all other agreements, documents, securities, and instruments relating to the foregoing. The authorizations and approvals contemplated by this Article IV.L shall be effective notwithstanding any requirements under non-bankruptcy law.

N. New Organizational Documents.

On or immediately prior to the Effective Date, the New Organizational Documents shall be adopted or amended in a manner acceptable to the Debtors, as may be necessary to effectuate the transactions contemplated by the Plan. To the extent required under the Plan or applicable non-bankruptcy law, each of the Reorganized Debtors will file its New Organizational Documents with the applicable Secretaries of State and/or other applicable authorities in its respective state, province, or country of incorporation or formation in accordance with the corporate laws of the respective state, province, or country of incorporation or formation. The New Organizational Documents will prohibit the issuance of non-voting Interests, to the extent required under section 1123(a)(6) of the Bankruptcy Code. For the avoidance of doubt, the New Organizational Documents shall be included as exhibits to the Plan Supplement. After the Effective Date, each Reorganized Debtor may amend and restate its constituent and governing documents as permitted by the laws of its jurisdiction of incorporation or formation and the terms of such documents, and the Reorganized Debtors may file such amended certificates or articles of incorporation, bylaws, or other applicable formation and constituent documents as permitted by the laws of the applicable states, provinces, or countries of incorporation or formation and the New Organizational Documents without supervision or approval by the Bankruptcy Court and free of any restrictions of the Bankruptcy Code or Bankruptcy Rules.

O. Directors and Officers of the Reorganized Debtors.

As of the Effective Date, the term of the current members of the board of directors of GCEH shall expire, and the members for the initial term of the New Board shall be appointed. The initial members of the New Board will be identified in the Plan Supplement, to the extent known at the time of filing of such Plan Supplement. The New Board shall initially consist of seven members, including four members appointed by the Common Holders, two members appointed by CTCI, and one independent member to be selected by a majority of the other members of the New Board, which independent member shall be appointed in consultation with the Required Consenting RCF Lenders. Except to the extent that a current director on the board of directors of GCEH is designated to serve as a director, manager, or sole manager of a Reorganized Debtor, the current directors on the board of directors of GCEH prior to the Effective Date, in their capacities as such, shall have no continuing obligations to GCEH on or after the Effective Date, and such director shall be deemed to have resigned or shall otherwise cease to be a director of GCEH on the Effective Date. Each of the directors, managers, sole managers, and officers of each of the Reorganized Debtors shall serve pursuant to the terms of the applicable New Organizational Documents of such Reorganized Debtor and may be designated, replaced, or removed in accordance with such New Organizational Documents.

P. Effectuating Documents; Further Transactions.

On and after the Effective Date, the Reorganized Debtors and the New Board are authorized to and may issue, execute, deliver, file, or record such contracts, Securities, instruments, releases, and other agreements or documents and take such actions as may be necessary to effectuate, implement, and further evidence the terms and conditions of the Plan and the Securities issued pursuant to the Plan in the name of and on behalf of the Reorganized Debtors, without the need for any approvals, authorization, or consents except for those expressly required pursuant to the Plan.

Q. Certain Securities Law Matters.

Any New Common Equity and New Preferred Equity issued under the Plan will be issued (a) to the fullest extent permitted and applicable, without registration under the Securities Act or similar federal, state or local laws in reliance on the exemption set forth in section 1145 of the Bankruptcy Code or (b) to the extent section 1145 is not permitted or applicable, pursuant to other applicable exemptions under the Securities Act.

Pursuant to section 1145 of the Bankruptcy Code, the offering, issuance, and distribution of New Common Equity and New Preferred Equity in reliance on the exemption set forth in section 1145 of the Bankruptcy Code shall be exempt from, among other things, the registration and prospectus delivery requirements of section 5 of the Securities Act and any other applicable federal, state, local, or other law requiring registration prior to the offering, issuance, distribution, or sale of securities. Such units of New Common Equity and New Preferred Equity issued in reliance on the exemption set forth in section 1145 of the Bankruptcy Code (a) will not be "restricted securities" as defined in rule 144(a)(3) under the Securities Act, and (b) will be freely tradable and transferable in the United States by each recipient thereof that (i) is an entity that is not an "underwriter" as defined in section 1145(b)(1) of the Bankruptcy Code, (ii) is not an "affiliate" of the Debtors as defined in Rule 144(a)(1) under the Securities Act, (iii) has not been such an "affiliate" within 90 days of the time of the transfer, and (iv) has not acquired such securities from an "affiliate" within one year of the time of transfer. Notwithstanding the foregoing, the units of New Common Equity and New Preferred Equity issued in reliance on the exemption set forth in section 1145 of the Bankruptcy Code will remain subject to compliance with applicable securities laws and any rules and regulations of the SEC, if any, applicable at the time of any future transfer of such securities and subject to any restrictions in the New Organizational Documents. The availability of the exemption under section 1145 of the Bankruptcy Code or any other applicable securities laws shall not be a condition to the occurrence of the Effective Date.

Any New Common Equity or New Preferred Equity that cannot be issued in reliance on the exemption set forth in section 1145 of the Bankruptcy Code will be offered, issued, and distributed in reliance upon Section 4(a)(2) of the Securities Act, Regulation D promulgated thereunder, Regulation S under the Securities Act, and/or other available exemptions from registration, will be considered "restricted securities," will bear customary legends and transfer restrictions, and may not be transferred except pursuant to an effective registration statement or under an available exemption from the registration requirements of the Securities Act.

**The Debtors recommend that potential recipients of securities issued under the Plan consult their own counsel concerning their ability to freely trade such securities in compliance with the federal securities laws and any applicable "Blue Sky" laws. The Debtors make no representation concerning the ability of a person to dispose of such securities.**

Should the Reorganized Debtors elect on or after the Effective Date to reflect any ownership of the securities to be issued under the Plan through the facilities of DTC, the Reorganized Debtors need not provide any further evidence other than the Plan or the Confirmation Order with respect to the treatment of the securities to be issued under the Plan under applicable securities laws. DTC shall be required to accept and conclusively rely upon the Plan and Confirmation Order in lieu of a legal opinion regarding whether the securities to be issued under the Plan are exempt from registration and/or eligible for DTC book-entry delivery, settlement, and depository services. Notwithstanding anything to the contrary in the Plan, no Entity (including, for the avoidance of doubt, DTC) may require a legal opinion regarding the validity of any transaction contemplated by the Plan, including, for the avoidance of doubt, whether the securities to be issued under the Plan are exempt from registration and/or eligible for DTC book-entry delivery, settlement, and depository services.

R. Preservation of Causes of Action.

In accordance with section 1123(b) of the Bankruptcy Code, but subject to Article VIII, the Reorganized Debtors shall retain and may enforce all rights to commence and pursue, as appropriate, any and all Causes of Action, whether arising before or after the Petition Date, including any actions described, identified, or otherwise included in the Schedule of Retained Causes of Action, and the Reorganized Debtors' rights to commence, prosecute, or settle such Causes of Action shall be preserved notwithstanding the occurrence of the Effective Date, other than the Causes of Action released by the Debtors pursuant to the releases and exculpations contained in the Plan, including in Article VIII.

Notwithstanding anything to the contrary herein, in accordance with the Committee Settlement, the Debtors (and the GUC Trustee, as and if applicable) expressly waive any and all rights to recover or avoid transfers under sections 547 and 550 of the Bankruptcy Code (to the extent such Claims arose solely in connection with Claims under section 547 of the Bankruptcy Code).

The Reorganized Debtors may pursue such Causes of Action as appropriate, in accordance with the best interests of the Reorganized Debtors. **No Person or Entity may rely on the absence of a specific reference in the RSA, the Plan, the Plan Supplement, or the Disclosure Statement to any Cause of Action against it as any indication that the Debtors or Reorganized Debtors, as applicable, will not pursue any and all available Causes of Action against it. The Debtors or Reorganized Debtors, as applicable, expressly reserve all rights to prosecute any and all Causes of Action against any Person or Entity, except as otherwise expressly provided in the Plan, including Article VIII of the Plan.** Unless any Causes of Action against an Entity are expressly waived, relinquished, exculpated, released, compromised, or settled in the Plan or a Bankruptcy Court order, the Reorganized Debtors expressly reserve all Causes of Action, for later adjudication, and, therefore, no preclusion doctrine, including the doctrines of res judicata, collateral estoppel, issue preclusion, claim preclusion, estoppel (judicial, equitable, or otherwise), or laches, shall apply to such Causes of Action upon, after, or as a consequence of the Confirmation or Consummation.

The Reorganized Debtors reserve and shall retain such Causes of Action notwithstanding the rejection or repudiation of any Executory Contract or Unexpired Lease during the Chapter 11 Cases or pursuant to the Plan. In accordance with section 1123(b)(3) of the Bankruptcy Code, any Causes of Action that a Debtor may hold against any Person or Entity shall vest in the Reorganized Debtors, except as otherwise expressly provided in the Plan, including Article VIII. The Reorganized Debtors, through their authorized agents or representatives, shall retain and may exclusively enforce any and all such Causes of Action. The Reorganized Debtors shall have the exclusive right, authority, and discretion to determine and to initiate, file, prosecute, enforce, abandon, settle, compromise, release, withdraw, or litigate to judgment any such Causes of Action and to decline to do any of the foregoing without the consent or approval of any third party or further notice to or action, order, or approval of the Bankruptcy Court.

S. Closing the Chapter 11 Cases.

Upon the occurrence of the Effective Date, and without any further motion or order, the Reorganized Debtors shall, as soon as reasonably practicable after the Effective Date, close all of the Chapter 11 Cases except for one of the Chapter 11 Cases and any other Chapter 11 Cases that reasonably need to remain open, as determined by the Reorganized Debtors in consultation with the GUC Trustee, and all contested matters relating to each of the Debtors, including objections to Claims, shall be administered and heard in such Chapter 11 Case.

**Article V. <br> TREATMENT OF EXECUTORY CONTRACTS AND UNEXPIRED LEASES**

A. Assumption and Rejection of Executory Contracts and Unexpired Leases.

On the Effective Date, except as otherwise provided herein, all Executory Contracts or Unexpired Leases that are not otherwise rejected will be deemed assumed by the applicable Reorganized Debtor or Reorganized GCEH, as applicable, in accordance with the provisions and requirements of sections 365 and 1123 of the Bankruptcy Code, other than those that: (a) are identified on the Schedule of Rejected Executory Contracts and Unexpired Leases; (b) previously expired or terminated pursuant to their own terms; (c) have been previously assumed or rejected by the Debtors pursuant to a Final Order; (d) are the subject of a motion to reject that is pending on the Effective Date; or (e) have an ordered or requested effective date of rejection that is after the Effective Date.

Notwithstanding anything to the contrary herein, the Debtors or the Reorganized Debtors, as applicable, shall not assume or enter into, without the prior written consent of the Required Consenting Stakeholders, any employment, retention, bonus, severance, or other compensation agreements or contracts with any employee other than the Assumed Agreements.

Entry of the Confirmation Order shall constitute an order of the Bankruptcy Court approving the assumptions, assumptions and assignments, or rejections of the Executory Contracts or Unexpired Leases as set forth in the Plan, the Schedule of Rejected Executory Contracts and Unexpired Leases, or the Schedule of Assumed Executory Contracts and Unexpired Leases, as applicable, pursuant to sections 365(a) and 1123 of the Bankruptcy Code. Except as otherwise specifically set forth herein, assumptions or rejections of Executory Contracts and Unexpired Leases pursuant to the Plan are effective as of the Effective Date. Each Executory Contract or Unexpired Lease assumed pursuant to the Plan or by Bankruptcy Court order but not assigned to a third party before the Effective Date shall revest in and be fully enforceable by the applicable contracting Reorganized Debtor in accordance with its terms, except as such terms may have been modified by the provisions of the Plan or any order of the Bankruptcy Court authorizing and providing for its assumption. Any motions to assume Executory Contracts or Unexpired Leases pending on the Effective Date shall be subject to approval by a Final Order on or after the Effective Date but may be withdrawn, settled, or otherwise prosecuted by the Reorganized Debtors.

To the maximum extent permitted by law, to the extent any provision in any Executory Contract or Unexpired Lease assumed or assumed and assigned pursuant to the Plan restricts or prevents, or purports to restrict or prevent, or is breached or deemed breached by, the assumption or assumption and assignment of such Executory Contract or Unexpired Lease (including any "change of control" provision), then such provision shall be deemed modified such that the transactions contemplated by the Plan shall not entitle the non-Debtor party thereto to terminate such Executory Contract or Unexpired Lease or to exercise any other default-related rights with respect thereto. Notwithstanding anything to the contrary in the Plan, the Debtors, or the Reorganized Debtors, as applicable, reserve the right to alter, amend, modify, or supplement the Schedule of Rejected Executory Contracts and Unexpired Leases and the Schedule of Assumed Executory Contracts and Unexpired Leases at any time up to forty-five (45) days after the Effective Date. All Indemnification Provisions shall be deemed Executory Contracts and shall be assumed by the Reorganized Debtors under the Plan. None of the Reorganized Debtors shall amend and/or restate its organizational documents on or after the Effective Date to, and the applicable organizational documents shall not, terminate, reduce, discharge, impair, or adversely affect in any way the rights of parties that are entitled to and benefit from the Indemnification Provisions.

To the extent that the D&O Liability Insurance Policies are considered to be Executory Contracts, notwithstanding anything in the Plan to the contrary, effective as of the Effective Date, the Reorganized Debtors shall be deemed to have assumed all unexpired D&O Liability Insurance Policies with respect to the Debtors' directors, managers, officers, and employees serving on or before the Petition Date pursuant to section 365(a) of the Bankruptcy Code, and entry of the Confirmation Order will constitute the Bankruptcy Court's approval of the Reorganized Debtors' assumption of each of the unexpired D&O Liability Insurance Policies. Notwithstanding anything to the contrary contained herein, Confirmation of the Plan shall not discharge, impair, or otherwise modify any indemnity obligations assumed by the foregoing assumption of the D&O Liability Insurance Policies, and each such indemnity obligation will be deemed and treated as an Executory Contract that has been assumed by the Reorganized Debtors under the Plan as to which no Proof of Claim need be Filed.

B. Claims Based on Rejection of Executory Contracts or Unexpired Leases.

Unless otherwise provided by a Final Order of the Bankruptcy Court, all Proofs of Claim with respect to Claims arising from the rejection of Executory Contracts or Unexpired Leases, pursuant to the Plan or the Confirmation Order, if any, must be Filed with the Bankruptcy Court within thirty (30) days after the later of (a) the date of entry of an order of the Bankruptcy Court (including the Confirmation Order) approving such rejection, (b) the effective date of such rejection, and (c) the Effective Date. **Any Claims arising from the rejection of an Executory Contract or Unexpired Lease not Filed with the Bankruptcy Court within such time will be automatically disallowed, forever barred from assertion, and shall not be enforceable against the Debtors or the Reorganized Debtors, the Estates, or their property without the need for any objection by the Reorganized Debtors or further notice to, or action, order, or approval of the Bankruptcy Court or any other Entity, and any Claim arising out of the rejection of the Executory Contract or Unexpired Lease shall be deemed fully satisfied, released, and discharged, notwithstanding anything in the Proof of Claim to the contrary.** All Allowed Claims arising from the rejection of the Debtors' Executory Contracts or Unexpired Leases shall be classified as General Unsecured Claims and shall be treated in accordance with Article III.B and may be objected to in accordance with the provisions of Article VIII and the applicable provisions of the Bankruptcy Code and Bankruptcy Rules. In accordance with the Committee Settlement, the Debtors shall use commercially reasonable efforts to reduce the amount of Claims arising from the rejection of an Executory Contract or Unexpired Lease entitled to receive payment from the GUC Trust Assets.

C. Cure of Defaults for Assumed Executory Contracts and Unexpired Leases.

No later than seven (7) calendar days before the Confirmation Hearing, the Debtors shall serve notices of proposed assumptions to the counterparties to the agreements listed on the Schedule of Assumed Executory Contracts and Unexpired Leases, which shall include a description of the procedures for resolving disputes related to the proposed assumption of applicable Executory Contracts and Unexpired Leases. In the event that any Executory Contract or Unexpired Lease is added to the Schedule of Assumed Executory Contracts and Unexpired Leases after the provision of notices of proposed assumptions described above, a notice of proposed assumption with respect to such Executory Contract or Unexpired Lease will be sent promptly to the counterparty thereof.

Unless otherwise agreed in writing by the parties in the applicable Executory Contract or Unexpired Lease, any objection by a counterparty to an Executory Contract or Unexpired Lease to a proposed assumption or related Cure amount must be Filed, served, and actually received by counsel to the Debtors no later than the date and time specified in the notice (which shall not be less than fourteen (14) days after such notice is served). The Debtors or the Reorganized Debtors, as applicable, may reconcile and settle in the ordinary course of the Debtors' business any dispute (following a timely filed objection) regarding any Cure or any other matter pertaining to assumption without any further notice to or action, order, or approval of the Bankruptcy Court.

Any counterparty to an Executory Contract or Unexpired Lease that fails to object timely to the proposed assumption or Cure amount (including any request for an additional or different cure amount) will be deemed to have assented to such assumption or Cure amount and any untimely request for an additional or different Cure amount shall be disallowed and forever barred, estopped, and enjoined from assertion, and shall not be enforceable against any Reorganized Debtor, without the need for any objection by the Reorganized Debtors or any other party in interest or any further notice to or action, order, or approval of the Bankruptcy Court.

The Debtors or the Reorganized Debtors, as applicable, shall pay the Cure amounts, if any, on the Effective Date or as soon as reasonably practicable thereafter or on such other terms as the parties to such Executory Contracts or Unexpired Leases may agree; *provided* that if a dispute regarding assumption or Cure is unresolved as of the Effective Date, then payment of the applicable Cure amount shall occur as soon as reasonably practicable after such dispute is resolved. Any Cure shall be deemed fully satisfied, released, and discharged upon payment of the Cure amount.

The assumption of any Executory Contract or Unexpired Lease pursuant to the Plan or otherwise shall result in the full release and satisfaction of any nonmonetary defaults arising from or triggered by the filing of these Chapter 11 Cases, including defaults of provisions restricting the change in control or ownership interest composition or any bankruptcy-related defaults, arising at any time prior to the effective date of assumption. Any and all Proofs of Claim based upon Executory Contracts or Unexpired Leases that have been assumed in the Chapter 11 Cases, including pursuant to the Confirmation Order, shall be deemed disallowed and expunged as of the later of (a) the date of entry of an order of the Bankruptcy Court (including the Confirmation Order) approving such assumption, (b) the effective date of such assumption, or (c) the Effective Date without the need for any objection thereto or any further notice to or action, order, or approval of the Bankruptcy Court.

D. Preexisting Obligations to the Debtors Under Executory Contracts and Unexpired Leases.

Rejection of any Executory Contract or Unexpired Lease pursuant to the Plan shall not constitute a termination of preexisting obligations owed to the Debtors or the Reorganized Debtors, as applicable, under such Executory Contracts or Unexpired Leases. In particular, notwithstanding any non-bankruptcy law to the contrary, the Reorganized Debtors expressly reserve and do not waive any right to receive, or any continuing obligation of a counterparty to provide, warranties or continued maintenance obligations with respect to goods previously purchased by the Debtors pursuant to rejected Executory Contracts or Unexpired Leases.

E. Insurance Policies.

Each of the Debtors' insurance policies and any agreements, documents, or instruments relating thereto, are treated as Executory Contracts under the Plan. Unless otherwise provided in the Plan, on the Effective Date, (a) the Reorganized Debtors shall be deemed to have assumed all insurance policies and any agreements, documents, and instruments relating to coverage of all insured Claims and (b) such insurance policies and any agreements, documents, or instruments relating thereto shall revest in the Reorganized Debtors.

F. Modifications, Amendments, Supplements, Restatements, or Other Agreements.

Unless otherwise provided in the Plan, each Executory Contract or Unexpired Lease that is assumed shall include all modifications, amendments, supplements, restatements, or other agreements that in any manner affect such Executory Contract or Unexpired Lease, and all Executory Contracts and Unexpired Leases related thereto, if any, including all easements, licenses, permits, rights, privileges, immunities, options, rights of first refusal, and any other interests, unless any of the foregoing agreements has been previously rejected or repudiated or is rejected or repudiated under the Plan.

Modifications, amendments, supplements, and restatements to prepetition Executory Contracts and Unexpired Leases that have been executed by the Debtors during the Chapter 11 Cases shall not be deemed to alter the prepetition nature of the Executory Contract or Unexpired Lease, or the validity, priority, or amount of any Claims that may arise in connection therewith, unless otherwise agreed by the Debtors or the Reorganized Debtors, as applicable, and the counterparty to such Executory Contract or Unexpired Lease.

G. Indemnification Provisions.

All Indemnification Provisions, consistent with applicable Law, currently in place (whether in the bylaws, certificates of incorporation or formation, limited liability company agreements, limited partnership agreements, other organizational documents, board resolutions, indemnification agreements, employment contracts, or otherwise) for the benefit of current and former directors, officers, managers, employees, attorneys, accountants, investment bankers, and other professionals of, or acting on behalf of, the Debtors, as applicable, shall be (a) reinstated and remain intact, irrevocable, and shall survive the Effective Date on terms no less favorable to such current and former directors, officers, managers, employees, attorneys, accountants, investment bankers, and other professionals of, or acting on behalf of, the Debtors than the Indemnification Provisions in place prior to the Effective Date, and (b) shall be assumed by the Reorganized Debtors.

H. Reservation of Rights.

Nothing contained in the Plan or the Plan Supplement, shall constitute an admission by the Debtors that any such contract or lease is in fact an Executory Contract or Unexpired Lease or that any of the Reorganized Debtors have any liability thereunder. If there is a dispute regarding whether a contract or lease is or was executory or unexpired at the time of assumption or rejection, the Debtors or the Reorganized Debtors, as applicable, shall have forty-five (45) days following entry of a Final Order resolving such dispute to alter its treatment of such contract or lease under the Plan.

I. Nonoccurrence of Effective Date.

In the event that the Effective Date does not occur, the Bankruptcy Court shall retain jurisdiction with respect to any request to extend the deadline for assuming or rejecting Unexpired Leases pursuant to section 365(d)(4) of the Bankruptcy Code.

J. Contracts and Leases Entered Into After the Petition Date.

Contracts and leases entered into after the Petition Date by any Debtor, including any Executory Contracts and Unexpired Leases assumed by such Debtor, will be performed by the applicable Debtor or the Reorganized Debtors liable thereunder in the ordinary course of their business. Accordingly, such contracts and leases (including any assumed Executory Contracts and Unexpired Leases) will survive and remain unaffected by entry of the Confirmation Order.

**Article VI. <br> PROVISIONS GOVERNING DISTRIBUTIONS**

A. Timing and Calculation of Amounts to Be Distributed.

Unless otherwise provided in the Plan, on the Effective Date (or if a Claim is not an Allowed Claim or Allowed Interest on the Effective Date, on the date that such Claim or Interest becomes an Allowed Claim or Allowed Interest, or as soon as reasonably practicable thereafter), each Holder of an Allowed Claim or Allowed Interest (as applicable) shall receive the full amount of the distributions that the Plan provides for Allowed Claims or Allowed Interests (as applicable) in the applicable Class. In the event that any payment or act under the Plan is required to be made or performed on a date that is not a Business Day, then the making of such payment or the performance of such act may be completed on the next succeeding Business Day but shall be deemed to have been completed as of the required date. If and to the extent that there are Disputed Claims or Disputed Interests, distributions on account of any such Disputed Claims or Disputed Interests shall be made pursuant to the provisions set forth in Article VII. Except as otherwise provided in the Plan, Holders of Claims or Interests shall not be entitled to interest, dividends, or accruals on the distributions provided for in the Plan, regardless of whether such distributions are delivered on or at any time after the Effective Date.

B. Disbursing Agent.

All distributions under the Plan shall be made by the Disbursing Agent on the Effective Date. The Disbursing Agent shall not be required to give any bond or surety or other security for the performance of its duties unless otherwise ordered by the Bankruptcy Court. Additionally, in the event that the Disbursing Agent is so otherwise ordered, all costs and expenses of procuring any such bond or surety shall be borne by the Reorganized Debtors or the GUC Trust, as applicable.

C. Rights and Powers of Disbursing Agent.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1. <u>Powers of the Disbursing Agent.</u>

The Disbursing Agent shall be empowered to: (a) effect all actions and execute all agreements, instruments, and other documents necessary to perform its duties under the Plan; (b) make all distributions contemplated hereby; (c) employ professionals to represent it with respect to its responsibilities; and (d) exercise such other powers as may be vested in the Disbursing Agent by order of the Bankruptcy Court, pursuant to the Plan, or as deemed by the Disbursing Agent to be necessary and proper to implement the provisions hereof.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2. <u>Expenses Incurred On or After the Effective Date.</u>

Except as otherwise ordered by the Bankruptcy Court, the amount of any reasonable fees and expenses incurred by the Disbursing Agent on or after the Effective Date (including taxes), and any reasonable compensation and expense reimbursement claims (including reasonable attorney fees and expenses), made by the Disbursing Agent shall be paid in Cash by the applicable Disbursing Agent (*i.e.*, the Reorganized Debtors with respect to their distributions and the GUC Trustee with respect to its distributions).

D. Delivery of Distributions and Undeliverable or Unclaimed Distributions.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1. <u>Record Date for Distribution.</u>

On the Distribution Record Date, the Claims Register shall be closed and any party responsible for making distributions shall instead be authorized and entitled to recognize only those record Holders listed on the Claims Register as of the close of business on the Distribution Record Date. If a Claim, other than one based on a publicly traded Security, is transferred twenty (20) or fewer days before the Distribution Record Date, the Disbursing Agent shall make distributions to the transferee only to the extent practical and, in any event, only if the relevant transfer form contains an unconditional and explicit certification and waiver of any objection to the transfer by the transferor.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2. <u>Delivery of Distributions in General.</u>

Except as otherwise provided herein, the Disbursing Agent shall make distributions to Holders of Allowed Claims and Allowed Interests (as applicable) as of the Distribution Record Date at the address for each such Holder as indicated on the Debtors' records as of the date of any such distribution; *provided* that the manner of such distributions shall be determined at the discretion of the Reorganized Debtors; *provided further* that the address for each Holder of an Allowed Claim shall be deemed to be the address set forth in any Proof of Claim Filed by that Holder.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3. <u>Minimum Distributions.</u>

No fractional units of New Common Equity or New Preferred Equity shall be distributed, and no Cash shall be distributed in lieu of such fractional amounts. When any distribution pursuant to the Plan on account of an Allowed Claim or Allowed Interest (as applicable) would otherwise result in the issuance of a number of units of New Common Equity or New Preferred Equity that is not a whole number, the actual distribution of units of New Common Equity or New Preferred Equity shall be rounded as follows: (a) fractions of one-half (½) or greater shall be rounded up to the next higher whole number and (b) fractions of less than one-half (½) shall be rounded down to the next lower whole number with no further payment therefor. The total number of authorized units of New Common Equity or New Preferred Equity to be distributed to Holders of Allowed Claims or Allowed Interests shall be adjusted as necessary to account for the foregoing rounding. For distribution purposes (including rounding), DTC will be treated as a single Holder. Neither the Reorganized Debtors or the Disbursing Agent shall have any obligation to make a distribution that consists of less than one share of New Common Equity or New Preferred Equity or is less than two hundred and fifty dollars ($250) to any Holder of an Allowed Claim.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4. <u>Undeliverable Distributions and Unclaimed Property.</u>

In the event that any distribution to any Holder of Allowed Claims or Allowed Interests (as applicable) is returned as undeliverable or otherwise cannot be delivered, no distribution to such Holder shall be made unless and until the Disbursing Agent, has determined the then-current address of such Holder, at which time such distribution shall be made to such Holder without interest; *provided* that such distributions shall be deemed unclaimed property under section 347(b) of the Bankruptcy Code at the expiration of six months following such distribution. After such date, all unclaimed property or interests in property shall revert to the Reorganized Debtors or the GUC Trust (in the case of distributions from the GUC Trust Assets) automatically and without need for a further order by the Bankruptcy Court (notwithstanding any applicable federal, provincial or state escheat, abandoned, or unclaimed property laws to the contrary), and the Claim of any Holder of Claims and Interests to such property or Interest in property shall be discharged and forever barred. To the extent such unclaimed property or interests in property is comprised of New Common Equity or New Preferred Equity, such New Common Equity or New Preferred Equity shall be cancelled. The Disbursing Agent shall adjust the number of units of New Common Equity or New Preferred Equity outstanding as of the date of such cancellation to ensure that the distributions of New Common Equity or New Preferred Equity contemplated under the Plan are given full force and effect. For the avoidance of doubt, treatment of undeliverable distributions on account of General Unsecured Claims shall be governed by the GUC Trust Agreement.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5. <u>Surrender of Cancelled Instruments or Securities.</u>

On the Effective Date or as soon as reasonably practicable thereafter, each holder of a certificate or instrument evidencing a Claim or an Interest that has been cancelled in accordance with Article VI shall be deemed to have surrendered such certificate or instrument to the Disbursing Agent. Such surrendered certificate or instrument shall be cancelled solely with respect to the Debtors, and such cancellation shall not alter the obligations or rights of any non-Debtor third parties vis-à-vis one another with respect to such certificate or instrument, including with respect to any indenture or agreement that governs the rights of the Holder of a Claim or Interest, which shall continue in effect for purposes of allowing holders to receive distributions under the Plan, charging liens, priority of payment, and indemnification rights. Notwithstanding anything to the contrary herein, this paragraph shall not apply to certificates or instruments evidencing Claims that are Reinstated under this Plan.

E. Manner of Payment.

At the option of the Disbursing Agent, any Cash payment to be made hereunder may be made by check or wire transfer or as otherwise required or provided in the applicable agreements.

F. Compliance with Tax Requirements.

In connection with the Plan, to the extent applicable, the Disbursing Agent and the Reorganized Debtors shall comply with all applicable tax withholding and reporting requirements imposed on them by any Governmental Unit, and all distributions made pursuant to the Plan shall be subject to such applicable withholding and reporting requirements. Notwithstanding any provision in the Plan to the contrary, the Reorganized Debtors and the Disbursing Agent shall be authorized to take all actions necessary to comply with such applicable withholding and reporting requirements, including liquidating a portion of the distribution to be made under the Plan to generate sufficient funds to pay applicable withholding taxes, withholding distributions pending receipt of information necessary to facilitate such distributions, or establishing any other mechanisms they believe are reasonable and appropriate. Any such amounts deducted or withheld and timely paid to the appropriate taxing authority shall be deemed to have been distributed to and received by the applicable recipient for all purposes of the Plan. The Reorganized Debtors and the GUC Trustee reserve the right to allocate all distributions made under the Plan in compliance with all applicable wage garnishments, alimony, child support, and other spousal awards, Liens, and encumbrances.

Any person entitled to receive any property as an issuance or distribution under the Plan shall, upon request, deliver to the applicable Disbursing Agent an appropriate Form W-9 or (if the payee is a non-U.S. Person) Form W-8.

G. Allocations.

Distributions in respect of Allowed Claims shall be allocated first to the principal amount of such Claims (as determined for federal income tax purposes) and then, to the extent the consideration exceeds the principal amount of the Claims, to any portion of such Claims for accrued but unpaid interest.

H. No Postpetition Interest on Claims.

Unless otherwise specifically provided for in the Plan or the Confirmation Order, or required by applicable bankruptcy and non-bankruptcy law, postpetition interest shall not accrue or be paid on any prepetition Claims against the Debtors, and no Holder of a prepetition Claim against the Debtors shall be entitled to interest accruing on or after the Petition Date on any such prepetition Claim. Additionally, and without limiting the foregoing, interest shall not accrue or be paid on any Disputed Claim with respect to the period from the Effective Date to the date a final distribution is made on account of such Disputed Claim, if and when such Disputed Claim becomes an Allowed Claim.

I. Foreign Currency Exchange Rate.

Except as otherwise provided in a Bankruptcy Court order, as of the Effective Date, any Claim asserted in currency other than U.S. dollars shall be automatically deemed converted to the equivalent U.S. dollar value using the exchange rate for the applicable currency as published in *The Wall Street Journal (National Edition)* on the Effective Date.

J. Setoffs and Recoupment.

Except as expressly provided in this Plan, each Reorganized Debtor or the GUC Trustee, as applicable, may, pursuant to section 553 of the Bankruptcy Code, set off and/or recoup against any Plan Distributions to be made on account of any Allowed Claim, any and all claims, rights, and Causes of Action that such Reorganized Debtor or GUC Trustee, as applicable, may hold against the Holder of such Allowed Claim to the extent such setoff or recoupment is either (a) agreed in amount among the relevant Reorganized Debtor(s) or the GUC Trustee, as applicable, and Holder of Allowed Claim or (b) otherwise adjudicated by the Bankruptcy Court or another court of competent jurisdiction; *provided* that neither the failure to effectuate a setoff or recoupment nor the allowance of any Claim hereunder shall constitute a waiver or release by a Reorganized Debtor or its successor of any and all claims, rights, and Causes of Action that such Reorganized Debtor or its successor may possess against the applicable Holder. In no event shall any Holder of Claims against, or Interests in, the Debtors be entitled to recoup any such Claim or Interest against any claim, right, or Cause of Action of the Debtors or the Reorganized Debtors, as applicable, unless such Holder actually has performed such recoupment and provided notice thereof in writing to the Debtors in accordance with Article XII.G on or before the Effective Date, notwithstanding any indication in any Proof of Claim or otherwise that such Holder asserts, has, or intends to preserve any right of recoupment.

K. Claims Paid or Payable by Third Parties.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1. <u>Claims Paid by Third Parties.</u>

The Debtors or the Reorganized Debtors or the GUC Trustee, as applicable, shall reduce in full a Claim, and such Claim shall be disallowed without a Claim objection having to be Filed and without any further notice to or action, order, or approval of the Bankruptcy Court, to the extent that the Holder of such Claim receives payment in full on account of such Claim from a party that is not a Debtor, a Reorganized Debtor, or the GUC Trustee, as applicable. Subject to the last sentence of this paragraph, to the extent a Holder of a Claim receives a distribution on account of such Claim and receives payment from a party that is not a Debtor, a Reorganized Debtor, or the GUC Trustee, as applicable, on account of such Claim, such Holder shall, within fourteen (14) days of receipt thereof, repay or return the distribution to the applicable Reorganized Debtor or the GUC Trust (in the case of distributions from the GUC Trust Assets), as applicable, to the extent the Holder's total recovery on account of such Claim from the third party and under the Plan exceeds the amount of such Claim as of the date of any such distribution under the Plan. The failure of such Holder to timely repay or return such distribution shall result in the Holder owing the applicable Reorganized Debtor or the GUC Trust (in the case of distributions from the GUC Trust Assets) annualized interest at the Federal Judgment Rate on such amount owed for each Business Day after the fourteen (14)-day grace period specified above until the amount is repaid.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2. <u>Claims Payable by Third Parties.</u>

No distributions under the Plan shall be made on account of an Allowed Claim that is payable pursuant to one of the Debtors' insurance policies until the Holder of such Allowed Claim has exhausted all remedies with respect to such insurance policy. To the extent that one or more of the Debtors' insurers agrees to satisfy in full or in part a Claim (if and to the extent adjudicated by a court of competent jurisdiction), then immediately upon such insurers' agreement, the applicable portion of such Claim may be expunged without a Claim objection having to be Filed and without any further notice to or action, order, or approval of the Bankruptcy Court.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3. <u>Applicability of Insurance Policies.</u>

Except as otherwise provided in the Plan, distributions to Holders of Allowed Claims shall be in accordance with the provisions of any applicable insurance policy. Nothing contained in the Plan shall constitute or be deemed a waiver of any Cause of Action that the Debtors or any Entity may hold against any other Entity, including insurers under any policies of insurance, nor shall anything contained herein constitute or be deemed a waiver by such insurers of any defenses, including coverage defenses, held by such insurers.

**Article VII. <br> PROCEDURES FOR RESOLVING CONTINGENT,<br> UNLIQUIDATED, AND DISPUTED CLAIMS**

A. Allowance of Claims.

After the Effective Date, the Reorganized Debtors or the GUC Trustee, as applicable, shall have and retain any and all rights and defenses such Debtor or the GUC Trustee, as applicable, had with respect to any Claim or Interest immediately before the Effective Date. The Reorganized Debtors or the GUC Trustee (solely with respect to General Unsecured Claims), as applicable, may affirmatively determine to deem Unimpaired Claims Allowed to the same extent such Claims would be allowed under applicable non-bankruptcy law.

B. Claims Administration Responsibilities.

Except as otherwise specifically provided for in the Plan, after the Effective Date, the Reorganized Debtors and the GUC Trustee (solely with respect to General Unsecured Claims), as applicable, shall have the exclusive authority to (a) File, withdraw, or litigate to judgment any objections to Claims, (b) settle or compromise any such objections to Claims without further notice to or action, order, or approval of the Bankruptcy Court, and (c) administer and adjust the Claims Register to reflect such settlements or compromises without further notice to or action, order, or approval of the Bankruptcy Court. Except as otherwise provided herein, from and after the Effective Date, each Reorganized Debtor or the GUC Trustee (solely with respect to General Unsecured Claims), as applicable, shall have and retain any and all rights and defenses such Entity had immediately prior to the Effective Date with respect to any Claim or Interest (including any Disputed Claim or Interest), including the Causes of Action retained pursuant to the Plan.

C. Disputed Claims Process.

If the Debtors, the Reorganized Debtors, or the GUC Trustee (solely with respect to General Unsecured Claims), as applicable, dispute any Proof of Claim that is Filed on account of an Unimpaired Claim, such dispute shall be determined, resolved, or adjudicated, as the case may be, in the manner as if the Chapter 11 Cases had not been commenced and shall survive the Effective Date as if the Chapter 11 Cases had not been commenced; *provided* that the Debtors or the Reorganized Debtors, as applicable, or the Holder of such Claim may elect to have the validity or amount of any Claim adjudicated by the Bankruptcy Court instead. If a Holder makes such an election, the Bankruptcy Court shall apply the law that would have governed the dispute if the Chapter 11 Cases had not been filed.

If the Debtors, the Reorganized Debtors, or the GUC Trustee (solely with respect to General Unsecured Claims) dispute any Impaired Claim that is not Allowed as of the Effective Date pursuant to Article III.B or a Final Order entered by the Bankruptcy Court (which may include the Confirmation Order), the Debtors, the Reorganized Debtors, or the GUC Trustee (solely with respect to General Unsecured Claims) shall File an objection with, and the dispute shall be determined, resolved, or adjudicated before, the Bankruptcy Court.

D. Disputed Claims Reserve

On or before the Effective Date, the GUC Trustee shall be authorized, but not directed, to establish one or more Disputed Claims Reserves exclusively from the GUC Trust Assets, which Disputed Claims Reserve shall be administered by the GUC Trustee, to the extent applicable.

The GUC Trustee may, in their sole discretion, hold Cash in the Disputed Claims Reserve Amount in the Disputed Claims Reserve in trust for the benefit of the Holders of the total estimated amount of General Unsecured Claims ultimately determined to be Allowed after the Effective Date. The GUC Trustee shall distribute such amounts (net of any expenses) as provided herein, as such Claims are resolved by Final Order or agreed to by settlement, and such amounts (including any funds remaining in the Disputed Claims Reserve Amount) will be distributable on account of such Claims as such amounts would have been distributable had such Claims been Allowed Claims as of the Effective Date under Article III solely to the extent of the amounts available in the applicable Disputed Claims Reserve.

E. Estimation of Claims and Interests.

Before, on, or after the Effective Date, the Debtors, the Reorganized Debtors, or the GUC Trustee (solely with respect to General Unsecured Claims), as applicable, may at any time request that the Bankruptcy Court estimate any Disputed Claim or Interest that is contingent or unliquidated pursuant to section 502(c) of the Bankruptcy Code for any reason, regardless of whether any party in interest previously has objected to such Claim or Interest or whether the Bankruptcy Court has ruled on any such objection, and the Bankruptcy Court shall retain jurisdiction to estimate any such Claim or Interest, including during the litigation of any objection to any Claim or Interest or during the appeal relating to such objection. Notwithstanding any provision otherwise in the Plan, a Claim that has been expunged from the Claims Register, but that either is subject to appeal or has not been the subject of a Final Order, shall be deemed to be estimated at zero dollars, unless otherwise ordered by the Bankruptcy Court. In the event that the Bankruptcy Court estimates any contingent or unliquidated Claim or Interest, that estimated amount shall constitute a maximum limitation on such Claim or Interest for all purposes under the Plan (including for purposes of distributions), and the relevant Debtor, Reorganized Debtor, or the GUC Trustee (solely with respect to General Unsecured Claims), as applicable, may elect to pursue any supplemental proceedings to object to any ultimate distribution on such Claim or Interest.

F. Adjustment to Claims or Interests without Objection.

Any duplicate Claim or Interest or any Claim or Interest that has been paid, satisfied, amended, or superseded may be adjusted or expunged on the Claims Register by the Reorganized Debtors and/or the GUC Trustee (solely with respect to General Unsecured Claims) without the Reorganized Debtors and/or the GUC Trustee (solely with respect to General Unsecured Claims) having to File an application, motion, complaint, objection, or any other legal proceeding seeking to object to such Claim or Interest and without any further notice to or action, order, or approval of the Bankruptcy Court.

G. Disallowance of Claims or Interests.

Except as otherwise expressly set forth herein, and subject to the terms hereof, including Article VIII, and the DIP Order, all Claims and Interests of any Entity from which property is sought by the Debtors under sections 542, 543, 550, or 553 of the Bankruptcy Code or that the Debtors, the Reorganized Debtors, or the GUC Trustee (solely with respect to General Unsecured Claims), as applicable, allege is a transferee of a transfer that is avoidable under sections 522(f), 522(h), 544, 545, 547, 548, 549, or 724(a) of the Bankruptcy Code shall be deemed disallowed if: (a) the Entity, on the one hand, and the Debtors, the Reorganized Debtors, or the GUC Trustee (solely with respect to General Unsecured Claims), as applicable, on the other hand, agree or the Bankruptcy Court has determined by Final Order that such Entity or transferee is liable to turn over any property or monies under any of the aforementioned sections of the Bankruptcy Code; and (b) such Entity or transferee has failed to turn over such property by the date set forth in such agreement or Final Order.

**Except as otherwise provided herein or as agreed to by the Reorganized Debtors or the GUC Trustee (solely with respect to General Unsecured Claims), any and all Proofs of Claim Filed after the Claims Bar Date shall be deemed disallowed and expunged as of the Effective Date without any further notice to or action, order, or approval of the Bankruptcy Court, and Holders of such Claims may not receive any distributions on account of such Claims, unless such late Proof of Claim has been deemed timely Filed by a Final Order.**

H. No Distributions Pending Allowance.

Notwithstanding any other provision of the Plan, if any portion of a Claim or Interest is a Disputed Claim or Interest, as applicable, no payment or distribution provided hereunder shall be made on account of such Claim or Interest unless and until such Disputed Claim or Interest becomes an Allowed Claim or Interest; *provided* that if only the Allowed amount of an otherwise valid Claim or Interest is Disputed, such Claim or Interest shall be deemed Allowed in the amount not Disputed and payment or distribution shall be made on account of such undisputed amount.

I. Distributions After Allowance.

To the extent that a Disputed Claim or Interest ultimately becomes an Allowed Claim or Interest, distributions (if any) shall be made to the Holder of such Allowed Claim or Interest in accordance with the provisions of the Plan. As soon as reasonably practicable after the date that the order or judgment of the Bankruptcy Court Allowing any Disputed Claim or Interest becomes a Final Order, the Disbursing Agent shall provide to the Holder of such Claim or Interest the distribution (if any) to which such Holder is entitled under the Plan as of the Effective Date, without any interest to be paid on account of such Claim or Interest.

**Article VIII. <br> SETTLEMENT, RELEASE, INJUNCTION, AND RELATED PROVISIONS**

A. Discharge of Claims and Termination of Interests.

Pursuant to section 1141(d) of the Bankruptcy Code, and except as otherwise specifically provided in the Plan, the Confirmation Order, or in any contract, instrument, or other agreement or document created or entered into pursuant to the Plan, the distributions, rights, and treatment that are provided in the Plan shall be in complete satisfaction, discharge, and release, effective as of the Effective Date, of Claims (including any Intercompany Claims resolved or compromised after the Effective Date by the Reorganized Debtors), Interests, and Causes of Action of any nature whatsoever, including any interest accrued on Claims or Interests from and after the Petition Date, whether known or unknown, against, liabilities of, Liens on, obligations of, rights against, and Interests in, the Debtors or any of their assets or properties, regardless of whether any property shall have been distributed or retained pursuant to the Plan on account of such Claims or Interests, including demands, liabilities, and Causes of Action that arose before the Effective Date, any liability (including withdrawal liability) to the extent such Claims or Interests relate to services performed by employees of the Debtors prior to the Effective Date and that arise from a termination of employment, any contingent or non-contingent liability on account of representations or warranties issued on or before the Effective Date, and all debts of the kind specified in sections 502(g), 502(h), or 502(i) of the Bankruptcy Code, in each case whether or not: (a) a Proof of Claim based upon such debt or right is Filed or deemed Filed pursuant to section 501 of the Bankruptcy Code; (b) a Claim or Interest based upon such debt, right, or Interest is Allowed pursuant to section 502 of the Bankruptcy Code; or (c) the Holder of such a Claim or Interest has accepted the Plan. The Confirmation Order shall be a judicial determination of the discharge of all Claims and Interests subject to the occurrence of the Effective Date.

B. **Release of Liens.**

**Except as otherwise provided in the Exit Facilities Documents, the Plan, the Confirmation Order, or any contract, instrument, release, or other agreement or document created pursuant to the Plan, on the Effective Date and concurrently with the applicable distributions made pursuant to the Plan and, in the case of a Secured Claim, satisfaction in full of the portion of the Secured Claim that is Allowed as of the Effective Date, except for Other Secured Claims that the Debtors elect to reinstate in accordance with Article III.B.1, all mortgages, deeds of trust, Liens, pledges, or other security interests against any property of the Estates shall be fully released and discharged, and all of the right, title, and interest of any Holder of such mortgages, deeds of trust, Liens, pledges, or other security interests shall revert to the Reorganized Debtors and their successors and assigns. Any Holder of such Secured Claim (and the applicable agents for such Holder) shall be authorized and directed, at the sole cost and expense of the Reorganized Debtors, to release any collateral or other property of any Debtor (including any Cash Collateral and possessory collateral) held by such Holder (and the applicable agents for such Holder), and to take such actions as may be reasonably requested by the Reorganized Debtors to evidence the release of such Lien, including the execution, delivery, and filing or recording of such releases. The presentation or filing of the Confirmation Order to or with any federal, state, provincial, or local agency or department shall constitute good and sufficient evidence of, but shall not be required to effect, the termination of such Liens.**

C. **Releases by the Debtors.**

**Notwithstanding anything contained in this Plan to the contrary, pursuant to section 1123(b) of the Bankruptcy Code, in exchange for good and valuable consideration, including the obligations of the Debtors under the Plan and the contributions and services of the Released Parties in facilitating the implementation of the restructuring contemplated by the Plan, the adequacy of which is hereby confirmed, on and after the Effective Date, in each case except for Claims arising under, or preserved by, the Plan, to the fullest extent permitted under applicable Law, each Released Party is, and is deemed to be, hereby conclusively, absolutely, unconditionally, irrevocably, and forever released and discharged by the Debtors, the Reorganized Debtors, and their Estates, in each case on behalf of themselves and their respective successors, assigns, and representatives, and any and all Entities who may purport to assert any Claim or Cause of Action, directly or derivatively, by, through, for, or because of the foregoing Entities, from any and all Claims and Causes of Action whatsoever (including any Avoidance Actions and any derivative claims, asserted or assertable on behalf of any of the Debtors, the Reorganized Debtors, and their Estates), whether liquidated or unliquidated, fixed or contingent, known or unknown, foreseen or unforeseen, matured or unmatured, asserted or unasserted, accrued or unaccrued, existing or hereafter arising, in Law, equity, contract, tort, or otherwise, whether arising under federal or state statutory or common Law, or any other applicable international, foreign, or domestic Law, rule, statute, regulation, treaty, right, duty, requirement, or otherwise, that the Debtors, the Reorganized Debtors, or their Estates would have been legally entitled to assert in their own right (whether individually or collectively) or on behalf of the Holder of any Claim against, or Interest in, the Debtors, the Reorganized Debtors, their Estates, or other Entity based on or relating to, or in any manner arising from, in whole or in part, the Debtors, the Reorganized Debtors and their Estates (including the capital structure, management, ownership, or operation thereof), the purchase, sale, or rescission of any Security of the Debtors, the Reorganized Debtors, or the subject matter of, or the transactions or events giving rise to, any Claim or Interest that is treated in this Plan, the Prepetition RCF Facility, the Prepetition Term Loan Facility, the Terminated EPC Agreement, the business or contractual arrangements between or among any Debtor and any Released Party, the ownership and/or operation of the Debtors by any Released Party or the distribution of any Cash or other property of the Debtors to any Released Party, the assertion or enforcement of rights and remedies against the Debtors, the Debtors' in- or out-of-court restructuring efforts, any Avoidance Actions (but excluding Avoidance Actions brought as counterclaims or defenses to Claims asserted against the Debtors), intercompany transactions between or among a Debtor or an Affiliate of a Debtor and another Debtor or Affiliate of a Debtor, the Chapter 11 Cases, any adversary proceedings, the formulation, preparation, dissemination, negotiation, entry into, or filing of the RSA and related prepetition transactions, the Definitive Documents, the Class B Purchase Agreement, the New Common Equity, the New Preferred Equity, the Takeback Debt, the Exit RCF Facility, the Exit Term Loan Facilities, the DIP Facilities, the New CTCI Agreement, the DIP Documents, the Disclosure Statement, the Plan (including, for the avoidance of doubt, the Plan Supplement), the Committee Settlement, before or during the Chapter 11 Cases, or any other Definitive Document, or any Restructuring Transactions, any contract, instrument, release, or other agreement or document (including any legal opinion requested by any Entity regarding any transaction, contract, instrument, document or other agreement contemplated by the Plan or the reliance by any Released Party on the Plan or the Confirmation Order in lieu of such legal opinion) relating to any of the foregoing, created or entered into in connection with the RSA, the Definitive Documents, the Class B Purchase Agreement, the New Common Equity, the New Preferred Equity, the Takeback Debt, the Exit RCF Facility, the Exit Term Loan Facilities, the New CTCI Agreement, the DIP Facilities, the DIP Documents, the Disclosure Statement, the Plan (including, for the avoidance of doubt, the Plan Supplement), the Committee Settlement, before or during the Chapter 11 Cases, or any Restructuring Transactions, the filing of the Chapter 11 Cases, the pursuit of Confirmation, the pursuit of Consummation, the administration and implementation of the Plan and the Restructuring Transactions, including the issuance or distribution of Securities pursuant to the Restructuring Transactions and/or Plan, or the distribution of property pursuant to the Restructuring Transactions and/or the Plan or any other related agreement, or upon any other act or omission, transaction, agreement, event, or other occurrence related or relating to any of the foregoing taking place on or before the Effective Date.**

**Notwithstanding anything to the contrary in the foregoing, the releases set forth above do not release (a) any Causes of Action described, identified, or otherwise included in the Schedule of Retained Causes of Action, (b) any post-Effective Date obligations of any party or Entity under the Plan, the Confirmation Order, any Restructuring Transaction, or any document, instrument, or agreement (including those set forth in the Plan Supplement) executed to implement the Plan, or any Claim or obligation arising under the Plan, and (c) any Released Party from any Claim or Cause of Action arising from an act or omission that is determined by a Final Order to have constituted actual fraud, willful misconduct, or gross negligence.**

**Entry of the Confirmation Order shall constitute the Bankruptcy Court's approval, pursuant to Bankruptcy Rule 9019, of the Debtor Release, which includes by reference each of the related provisions and definitions contained in the Plan, and further, shall constitute the Bankruptcy Court's finding that the Debtor Release is: (a) in exchange for the good and valuable consideration provided by each of the Released Parties, including, without limitation, the Released Parties' substantial contributions to facilitating the Restructuring Transactions and implementing the Plan; (b) a good faith settlement and compromise of the Claims released by the Debtor Release; (c) in the best interests of the Debtors and all Holders of Claims and Interests; (d) fair, equitable, and reasonable; (e) given and made after due notice and opportunity for hearing; and (f) a bar to any of the Debtors, the Reorganized Debtors, or their Estates asserting any Claim or Cause of Action released pursuant to the Debtor Release.**

D. **Releases by the Releasing Parties.**

**Notwithstanding anything contained in this Plan to the contrary, pursuant to section 1123(b) of the Bankruptcy Code, in exchange for good and valuable consideration, including the obligations of the Debtors under the Plan and the contributions and services of the Released Parties in facilitating the implementation of the restructuring contemplated by the Plan, the adequacy of which is hereby confirmed, on and after the Effective Date, in each case except for Claims arising under, or preserved by, the Plan, to the fullest extent permitted under applicable Law, each Released Party is, and is deemed to be, hereby conclusively, absolutely, unconditionally, irrevocably, and forever released and discharged by each and all of the Releasing Parties (other than the Debtors and the Reorganized Debtors), in each case on behalf of themselves and their respective successors, assigns, and representatives, and any and all Entities who may purport to assert any Claim or Cause of Action, directly or derivatively, by, through, for, or because of the foregoing Entities, from any and all Claims and Causes of Action whatsoever (including any Avoidance Actions and any derivative claims asserted or assertable on behalf of any of the Debtors, the Reorganized Debtors, and their Estates), whether liquidated or unliquidated, fixed or contingent, known or unknown, foreseen or unforeseen, matured or unmatured, asserted or unasserted, accrued or unaccrued, existing or hereafter arising, in Law, equity, contract, tort, or otherwise, whether arising under federal or state statutory or common Law, or any other applicable international, foreign, or domestic Law, rule, statute, regulation, treaty, right, duty, requirement, or otherwise, that such Holders or their Estates, Affiliates, heirs, executory, administrators, successors, assigns, and managers would have been legally entitled to assert in their own right (whether individually or collectively) or on behalf of the Holder of any Claim against, or Interest in, the Debtors, the Reorganized Debtors, and their Estates, based on or relating to, or in any manner arising from, in whole or in part, the Debtors, the Reorganized Debtors, and their Estates (including the capital structure, management, ownership, or operation thereof), the purchase, sale, or rescission of any Security of the Debtors or the Reorganized Debtors the subject matter of, or the transactions or events giving rise to, any Claim or Interest that is treated in this Plan, the Prepetition RCF Facility, the Prepetition Term Loan Facility, the Terminated EPC Agreement, the business or contractual arrangements between or among any Debtor and any Released Party, the ownership and/or operation of the Debtors by any Released Party or the distribution of any Cash or other property of the Debtors to any Released Party, the assertion or enforcement of rights and remedies against the Debtors, the Debtors' in- or out-of-court restructuring efforts, any Avoidance Actions (but excluding Avoidance Actions brought as counterclaims or defenses to Claims asserted against the Debtors), intercompany transactions between or among a Debtor or an Affiliate of a Debtor and another Debtor or Affiliate of a Debtor, the Chapter 11 Cases, any adversary proceedings, the formulation, preparation, dissemination, negotiation, entry into, or filing of the RSA and related prepetition transactions, the Definitive Documents, the Class B Purchase Agreement, the New Common Equity, the New Preferred Equity, the Takeback Debt, the Exit RCF Facility, the Exit Term Loan Facilities, the New CTCI Agreement, the DIP Facilities, the DIP Documents, the Disclosure Statement, the Plan (including, for the avoidance of doubt, the Plan Supplement), the Committee Settlement, before or during the Chapter 11 Cases, or any Restructuring Transactions, contract, instrument, release, or other agreement or document (including any legal opinion requested by any Entity regarding any transaction, any contract, instrument, document or other agreement contemplated by the Plan or the reliance by any Released Party on the Plan or the Confirmation Order in lieu of such legal opinion) relating to any of the foregoing, created or entered into in connection with the RSA, the Definitive Documents, the Class B Purchase Agreement, the New Common Equity, the New Preferred Equity, the Takeback Debt, the Exit RCF Facility, the Exit Term Loan Facilities, the New CTCI Agreement, the DIP Facilities, the DIP Documents, the Disclosure Statement, the Plan (including, for the avoidance of doubt, the Plan Supplement), the Committee Settlement, before or during the Chapter 11 Cases, or any Restructuring Transactions, any preference, fraudulent transfer, or other avoidance claim arising pursuant to chapter 5 of the Bankruptcy Code or other applicable Law, the filing of the Chapter 11 Cases, the pursuit of Confirmation, the pursuit of Consummation, the administration and implementation of the Plan and the Restructuring Transactions, including the issuance or distribution of Securities pursuant to the Restructuring Transactions and/or Plan, or the distribution of property pursuant to the Restructuring Transactions and/or the Plan or any other related agreement, or upon any other act or omission, transaction, agreement, event, or other occurrence related or relating to any of the foregoing taking place on or before the Effective Date.**

**Notwithstanding anything to the contrary in the foregoing, the releases set forth above do not release (a) any post-Effective Date obligations of any party or Entity under the Plan, the Confirmation Order, any Restructuring Transaction, or any document, instrument, or agreement (including those set forth in the Plan Supplement) executed to implement the Plan or any Claim or obligation arising under the Plan, or (b) any Released Party from any Claim or Cause of Action arising from an act or omission that is determined by a Final Order to have constituted actual fraud, willful misconduct, or gross negligence.**

**Entry of the Confirmation Order shall constitute the Bankruptcy Court's approval, pursuant to Bankruptcy Rule 9019, of the Third-Party Release, which includes by reference each of the related provisions and definitions contained herein, and, further, shall constitute the Bankruptcy Court's finding that the Third-Party Release is: (a) consensual; (b) essential to the Confirmation of the Plan; (c) given in exchange for the good and valuable consideration provided by each of the Released Parties, including, without limitation, the Released Parties' substantial contributions to facilitating the Restructuring Transactions and implementing the Plan; (d) a good faith settlement and compromise of the Claims released by the Third-Party Release; (e) in the best interests of the Debtors and their Estates; (f) fair, equitable, and reasonable; (g) given and made after due notice and opportunity for hearing; and (h) a bar to any of the Releasing Parties asserting any Claim or Cause of Action released pursuant to the Third-Party Release.**

E. **Exculpation.**

**Notwithstanding anything contained in this Plan to the contrary, to the fullest extent permissible under applicable Law and without affecting or limiting either the Debtor Release or Third-Party Release, effective as of the Effective Date, no Exculpated Party shall have or incur liability or obligation for, and each Exculpated Party is hereby released and exculpated from any Cause of Action for any claim arising from the Petition Date through the Effective Date related to any act or omission in connection with, relating to, or arising out of, the Chapter 11 Cases, the formulation, preparation, dissemination, negotiation, filing, or termination of the RSA and related prepetition transactions, the Definitive Documents, the Class B Purchase Agreement, the New Common Equity, the New Preferred Equity, the Takeback Debt, the Exit RCF Facility, the Exit Term Loan Facilities, the New CTCI Agreement, the DIP Facilities, the DIP Documents, the Disclosure Statement, the Plan (including, for the avoidance of doubt, the Plan Supplement), the Committee Settlement, any other Definitive Documents, or any Restructuring Transactions, contract, instrument, release or other agreement or document (including any legal opinion requested by any Entity regarding any transaction, contract, instrument, document or other agreement contemplated by the Plan or the reliance by any Released Party on the Plan or the Confirmation Order in lieu of such legal opinion) relating to any of the foregoing, created or entered into in connection with the RSA, the Definitive Documents, the Class B Purchase Agreement, the New Common Equity, the New Preferred Equity, the Takeback Debt, the Exit RCF Facility, the Exit Term Loan Facilities, the New CTCI Agreement, the DIP Facilities, the DIP Documents, the Disclosure Statement, the Plan (including, for the avoidance of doubt, the Plan Supplement), the Committee Settlement, or any Restructuring Transactions, any preference, fraudulent transfer, or other avoidance claim arising pursuant to chapter 5 of the Bankruptcy Code or other applicable Law, the filing of the Chapter 11 Cases, the pursuit of Confirmation, the pursuit of Consummation, the administration and implementation of the Plan, including the issuance or distribution of Securities pursuant to the Plan, or the distribution of property under the Plan or any other related agreement, or upon any other related act or omission, transaction, agreement, event, or other occurrence taking place on or before the Effective Date, except for Claims related to any act or omission that is determined in a Final Order by a court of competent jurisdiction to have constituted actual fraud, willful misconduct, or gross negligence, but in all respects such Entities shall be entitled to reasonably rely upon the advice of counsel with respect to their duties and responsibilities pursuant to the Plan.**

**The Exculpated Parties have, and upon confirmation of the Plan shall be deemed to have, participated in good faith and in compliance with the applicable Laws with regard to the solicitation of votes and distribution of consideration pursuant to the Plan and, therefore, are not, and on account of such distributions shall not be, liable at any time for the violation of any applicable Law, rule, or regulation governing the solicitation of acceptances or rejections of the Plan or such distributions made pursuant to the Plan.**

F. **Injunction.**

**Except as otherwise expressly provided in the Plan or the Confirmation Order or for obligations issued or required to be paid pursuant to the Plan or the Confirmation Order, all Entities who have held, hold, or may hold Claims, Interests, or Causes of Action that have been released, discharged, or are subject to exculpation are permanently enjoined, from and after the Effective Date, from taking any of the following actions against, as applicable, the Reorganized Debtors, the Exculpated Parties, or the Released Parties: (1) commencing or continuing in any manner any action or other proceeding of any kind on account of or in connection with or with respect to any such Claims, Interests, or Causes of Action; (2) enforcing, attaching, collecting, or recovering by any manner or means any judgment, award, decree, or order against such Entities on account of or in connection with or with respect to any such Claims, Interests, or Causes of Action; (3) creating, perfecting, or enforcing any encumbrance of any kind against such Entities or the property or the Estates of such Entities on account of or in connection with or with respect to any such Claims, Interests, or Causes of Action; (4) asserting any right of setoff, subrogation, or recoupment of any kind against any obligation due from such Entities or against the property of such Entities on account of or in connection with or with respect to any such Claims, Interests, or Causes of Action unless such Holder has Filed a motion requesting the right to perform such setoff on or before the Effective Date, and notwithstanding an indication of a Claim, Interest, or Causes of Action or otherwise that such Holder asserts, has, or intends to preserve any right of setoff pursuant to applicable law or otherwise; and (5) commencing or continuing in any manner any action or other proceeding of any kind on account of or in connection with or with respect to any such Claims, Interests, or Causes of Action released or settled pursuant to the Plan. Notwithstanding anything to the contrary in the Plan, the Plan Supplement, or the Confirmation Order, the automatic stay pursuant to section 362 of the Bankruptcy Code shall remain in full force and effect with respect to the Debtors and any property dealt with by the Plan until the closing of these Chapter 11 Cases.**

**No Person or Entity may commence or pursue a Claim or Cause of Action, as applicable, of any kind against the Reorganized Debtors, the Exculpated Parties, or the Released Parties, as applicable, that relates to or is reasonably likely to relate to any act or omission in connection with, relating to, or arising out of a Claim or Cause of Action, as applicable, subject to Article VIII.C, Article VIII.D, and Article VIII.E, without the Bankruptcy Court (1) first determining, after notice and a hearing, that such Claim or Cause of Action, as applicable, represents a colorable Claim of any kind, and (2) specifically authorizing such Person or Entity to bring such Claim or Cause of Action, as applicable, against any such Reorganized Debtor, Exculpated Party, or Released Party. The Bankruptcy Court will have sole and exclusive jurisdiction to adjudicate the underlying colorable Claim or Causes of Action.**

G. Protections Against Discriminatory Treatment.

Consistent with section 525 of the Bankruptcy Code and the Supremacy Clause of the U.S. Constitution, all Entities, including Governmental Units, shall not discriminate against the Reorganized Debtors or deny, revoke, suspend, or refuse to renew a license, permit, charter, franchise, or other similar grant to, condition such a grant to, discriminate with respect to such a grant against, the Reorganized Debtors, or another Entity with whom the Reorganized Debtors have been associated, solely because each Debtor has been a debtor under chapter 11 of the Bankruptcy Code, has been insolvent before the commencement of the Chapter 11 Cases (or during the Chapter 11 Cases but before the Debtors are granted or denied a discharge), or has not paid a debt that is dischargeable in the Chapter 11 Cases.

H. Document Retention.

On and after the Effective Date, the Reorganized Debtors may maintain documents in accordance with their standard document retention policy, as may be altered, amended, modified, or supplemented by the Reorganized Debtors.

I. Reimbursement or Contribution.

If the Bankruptcy Court disallows a Claim for reimbursement or contribution of an Entity pursuant to section 502(e)(1)(B) of the Bankruptcy Code, then to the extent that such Claim is contingent as of the time of allowance or disallowance, such Claim shall be forever disallowed and expunged notwithstanding section 502(j) of the Bankruptcy Code, unless prior to the Confirmation Date: (1) such Claim has been adjudicated as non-contingent or (2) the relevant Holder of a Claim has Filed a non-contingent Proof of Claim on account of such Claim and a Final Order has been entered prior to the Confirmation Date determining such Claim as no longer contingent.

**Article IX. <br> CONDITIONS PRECEDENT TO CONSUMMATION OF THE PLAN**

A. Conditions Precedent to the Effective Date.

It shall be a condition to the Effective Date that the following conditions shall have been satisfied or waived pursuant to the provisions of Article IX.B:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;i. the RSA shall be in full force and effect and shall not have been validly terminated by any of the parties
thereto;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;ii. there shall not have been instituted or threatened or be pending any action, proceeding, application,
claim, counterclaim or investigation (whether formal or informal) (or there shall not have been any material adverse development to any
action, application, claim, counterclaim, or proceeding currently instituted, threatened or pending) before or by any court, governmental,
regulatory, or administrative agency or instrumentality, domestic or foreign, or by any other person, domestic or foreign, in connection
with the Restructuring Transactions that, in the reasonable judgment of the Debtors and the Required Consenting Stakeholders would prohibit,
prevent, or restrict consummation of the Restructuring Transactions;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;iii. the Debtors shall have obtained all authorizations, consents, regulatory approvals, rulings, or documents
that are necessary to implement and effectuate the Plan, and all applicable regulatory or government-imposed waiting periods shall have
expired or been terminated;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;iv. an order, statute, rule, regulation, executive order, stay, decree, judgment, or injunction shall not
have been enacted, entered, issued, promulgated, enforced, or deemed applicable by any court or governmental, regulatory, or administrative
agency or instrumentality, domestic or foreign, that, in the reasonable judgment of the Debtors and the Required Consenting Stakeholders,
would prohibit, prevent, or restrict consummation of the Restructuring Transactions;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;v. each document or agreement constituting a Definitive Document shall have been executed or otherwise effectuated
as contemplated, shall be in form and substance consistent with the RSA (and subject to the applicable consent and consultation rights
thereunder with respect to such Definitive Document), the Restructuring Term Sheet, and the Committee Settlement, and any conditions and
customary matters, and all conditions precedent related thereto or contained therein shall have been satisfied prior to or contemporaneously
with the occurrence of the Effective Date or otherwise waived pursuant to the terms of the RSA and the applicable Definitive Document;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;vi. the GUC Trust Agreement shall have been executed and $3 million of GUC Cash shall have been transferred
into the GUC Trust;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;vii. to the extent invoiced, the payment of all reasonable and documented fees and expenses of the Debtors'
professionals (solely if payment of such fees and expenses has been authorized by the Bankruptcy Court, including under the DIP Orders)
and the Consenting Stakeholders' professionals related to the negotiation and implementation of the Restructuring Transactions and
not previously paid by the Debtors;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;viii. all professional fees and expenses of retained professionals required to be approved by the Bankruptcy
Court shall have been paid in full or amounts sufficient to pay such fees and expenses after the Effective Date have been placed in the
Professional Fee Escrow Account;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;ix. the Bankruptcy Court shall have entered the Confirmation Order, which shall be subject to the consultation
and consent rights set forth in the RSA and the Plan, and such order shall not have been reversed, stayed, modified, dismissed, vacated,
or reconsidered;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;x. the Required Consenting Term Loan Lenders and CTCI shall have consented (in each case, such consent shall
not be unreasonably withheld, conditioned, or delayed) to the executory contracts to be rejected or assumed, if any;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;xi. the New Organizational Documents shall have been executed and/or effectuated, shall be in form and substance
consistent with the RSA and the Restructuring Term Sheet, and any conditions precedent related thereto, shall have been satisfied prior
to or contemporaneously with the occurrence of the Effective Date or otherwise waived;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;xii. the Prepetition SOA and Prepetition SSA shall have been assumed by the Debtors and no events of default
shall be outstanding thereunder; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;xiii. the New Common Equity and the New Preferred Equity shall have been issued by Reorganized GCEH.

B. Waiver of Conditions.

The conditions to Confirmation and Consummation set forth in this Article IX may be waived by the Debtors only with the prior written consent of (1) the Required Consenting Stakeholders (subject to Section 3.02 of the RSA) and (2) the Committee solely with respect to clauses (ii) and (v) (solely as they relate to the Committee Settlement), (vi), (viii), and (ix), without notice, leave, or order of the Bankruptcy Court or any formal action other than proceedings to confirm or consummate the Plan.

C. Effect of Failure of Conditions.

If Consummation does not occur, the Plan shall be null and void in all respects and nothing contained in the Plan or the Disclosure Statement shall: (1) constitute a waiver or release of any Claims by the Debtors, Claims, or Interests; (2) prejudice in any manner the rights of the Debtors, any Holders of Claims or Interests, or any other Entity; or (3) constitute an admission, acknowledgment, offer, or undertaking by the Debtors, any Holders of Claims or Interests, or any other Entity.

D. Substantial Consummation.

"Substantial Consummation" of the Plan, as defined in 11 U.S.C. § 1101(2), shall be deemed to occur on the Effective Date.

**Article X. <br> MODIFICATION, REVOCATION, OR WITHDRAWAL OF THE PLAN**

A. Modification and Amendments.

Except as otherwise specifically provided in this Plan and consistent with the approval rights set forth in the RSA, the Debtors reserve the right to modify the Plan and seek Confirmation consistent with the Bankruptcy Code and, as appropriate, not resolicit votes on such modified Plan. Subject to those restrictions on modifications set forth in the Plan and the RSA, and the requirements of section 1127 of the Bankruptcy Code, Rule 3019 of the Federal Rules of Bankruptcy Procedure, and, to the extent applicable, sections 1122, 1123, and 1125 of the Bankruptcy Code, each of the Debtors expressly reserves its respective rights to revoke or withdraw, or, to alter, amend, or modify the Plan with respect to such Debtor, one or more times, after Confirmation, and, to the extent necessary may initiate proceedings in the Bankruptcy Court to so alter, amend, or modify the Plan, or remedy any defect or omission, or reconcile any inconsistencies in the Plan, the Disclosure Statement, or the Confirmation Order, in such matters as may be necessary to carry out the purposes and intent of the Plan. Any modifications that adversely affect the terms of the Committee Settlement shall require the consent of the Committee, not to be unreasonably withheld, conditioned, or delayed.

B. Effect of Confirmation on Modifications.

Entry of the Confirmation Order shall mean that all modifications or amendments to the Plan since the solicitation thereof are approved pursuant to section 1127(a) of the Bankruptcy Code and do not require additional disclosure or resolicitation under Bankruptcy Rule 3019.

C. Revocation or Withdrawal of Plan.

The Debtors reserve the right to revoke or withdraw the Plan prior to the Confirmation Date and to File subsequent chapter 11 plans. If the Debtors revoke or withdraw the Plan, or if Confirmation or Consummation does not occur, then: (1) the Plan shall be null and void in all respects; (2) any settlement or compromise embodied in the Plan (including the Committee Settlement or the fixing or limiting to an amount certain of any Claim or Interest or Class of Claims or Interests), assumption or rejection of Executory Contracts or Unexpired Leases effected under the Plan, and any document or agreement executed pursuant to the Plan, shall be deemed null and void; and (3) nothing contained in the Plan shall: (a) constitute a waiver or release of any Claims or Interests; (b) prejudice in any manner the rights of such Debtor, the Committee, or any other Entity; or (c) constitute an admission, acknowledgement, offer, or undertaking of any sort by such Debtor or any other Entity.

**Article XI. <br> RETENTION OF JURISDICTION**

Notwithstanding the entry of the Confirmation Order and the occurrence of the Effective Date, on and after the Effective Date, the Bankruptcy Court shall retain exclusive jurisdiction over all matters arising out of, or relating to, the Chapter 11 Cases and the Plan pursuant to sections 105(a) and 1142 of the Bankruptcy Code, including jurisdiction to:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;i. allow, disallow, determine, liquidate, classify, estimate, or establish the priority, secured or unsecured
status, or amount of any Claim or Interest, including the resolution of any request for payment of any Administrative Claim and the resolution
of any and all objections to the secured or unsecured status, priority, amount, or allowance of Claims or Interests;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;ii. decide and resolve all matters related to the granting and denying, in whole or in part, any applications
for allowance of compensation or reimbursement of expenses to Professionals authorized pursuant to the Bankruptcy Code or the Plan;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;iii. resolve any matters related to: (a) the assumption, assumption and assignment, or rejection of any Executory
Contract or Unexpired Lease to which a Debtor is party or with respect to which a Debtor may be liable and to hear, determine, and, if
necessary, liquidate, any Claims arising therefrom, including Cure pursuant to section 365 of the Bankruptcy Code; (b) any potential contractual
obligation under any Executory Contract or Unexpired Lease that is assumed; (c) the Reorganized Debtors amending, modifying, or supplementing,
after the Effective Date, pursuant to Article V, any Executory Contracts or Unexpired Leases to the list of Executory Contracts and Unexpired
Leases to be assumed or rejected or otherwise; and (d) any dispute regarding whether a contract or lease is or was executory or expired;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;iv. ensure that distributions to Holders of Allowed Claims and Allowed Interests (as applicable) are accomplished
pursuant to the provisions of the Plan;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;v. adjudicate, decide, or resolve any motions, adversary proceedings, contested or litigated matters, and
any other matters, and grant or deny any applications involving a Debtor that may be pending on the Effective Date;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;vi. adjudicate, decide, or resolve any and all matters related to section 1141 of the Bankruptcy Code;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;vii. enter and implement such orders as may be necessary or appropriate to execute, implement, or consummate
the provisions of the Plan and all contracts, instruments, releases, indentures, and other agreements or documents created or entered
into in connection with the Plan or the Disclosure Statement;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;viii. resolve any cases, controversies, suits, disputes, or Causes of Action that may arise in connection with
the Consummation, interpretation, or enforcement of the Plan or any Entity's obligations incurred in connection with the Plan;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;ix. issue injunctions, enter and implement other orders, or take such other actions as may be necessary to
restrain interference by any Entity with Consummation or enforcement of the Plan;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;x. resolve any cases, controversies, suits, disputes, or Causes of Action with respect to the releases, injunctions,
exculpations, and other provisions contained in Article VIII and enter such orders as may be necessary or appropriate to implement such
releases, injunctions, exculpations, and other provisions;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;xi. resolve any cases, controversies, suits, disputes, or Causes of Action with respect to the repayment or
return of distributions and the recovery of additional amounts owed by the Holder of a Claim or Interest for amounts not timely repaid
pursuant to Article VI.K;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;xii. enter and implement such orders as are necessary or appropriate if the Confirmation Order is for any reason
modified, stayed, reversed, revoked, or vacated;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;xiii. determine any other matters that may arise in connection with or relate to the Plan, the Disclosure Statement,
the Confirmation Order, or any contract, instrument, release, indenture, or other agreement or document created in connection with the
Plan, the Plan Supplement, or the Disclosure Statement, including the RSA;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;xiv. enter an order concluding or closing the Chapter 11 Cases;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;xv. adjudicate any and all disputes arising from or relating to distributions under the Plan or any transactions
contemplated therein;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;xvi. consider any modifications of the Plan, to cure any defect or omission, or to reconcile any inconsistency
in any Bankruptcy Court order, including the Confirmation Order;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;xvii. determine requests for the payment of Claims and Interests entitled to priority pursuant to section 507
of the Bankruptcy Code;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;xviii. hear and determine disputes arising in connection with the interpretation, implementation, or enforcement
of the Plan or the Confirmation Order, including disputes arising under agreements, documents, or instruments executed in connection with
the Plan;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;xix. hear and determine matters concerning state, local, and federal taxes in accordance with sections 346,
505, and 1146 of the Bankruptcy Code;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;xx. hear and determine all disputes involving the existence, nature, scope, or enforcement of any exculpations,
discharges, injunctions and releases granted in the Plan, including under Article VIII, regardless of whether such termination occurred
prior to or after the Effective Date;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;xxi. enforce all orders previously entered by the Bankruptcy Court;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;xxii. hear any other matter not inconsistent with the Bankruptcy Code;

 

*provided*, that notwithstanding anything to the contrary in this Plan, the Bankruptcy Court shall not retain jurisdiction over matters or disputes arising from the Exit Facilities Documents, and the terms of such Exit Facilities Documents shall govern the jurisdiction and forum applicable to any such matters or disputes.

**Article XII. <br> MISCELLANEOUS PROVISIONS**

A. Immediate Binding Effect.

Subject to Article IX.A and notwithstanding Bankruptcy Rules 3020(e), 6004(h), or 7062 or otherwise, upon the occurrence of the Effective Date, the terms of the Plan (including, for the avoidance of doubt, the Plan Supplement) shall be immediately effective and enforceable and deemed binding upon the Debtors, the Reorganized Debtors, and any and all Holders of Claims or Interests (irrespective of whether such Claims or Interests are deemed to have accepted the Plan), all Entities that are parties to or are subject to the settlements, compromises, releases, discharges, and injunctions described in the Plan, each Entity acquiring property under the Plan, and any and all non-Debtor parties to Executory Contracts and Unexpired Leases with the Debtors.

B. Additional Documents.

On or before the Effective Date, the Debtors may File with the Bankruptcy Court such agreements and other documents as may be necessary to effectuate and further evidence the terms and conditions of the Plan. The Debtors or the Reorganized Debtors, as applicable, and all Holders of Claims or Interests receiving distributions pursuant to the Plan and all other parties in interest shall, from time to time, prepare, execute, and deliver any agreements or documents and take any other actions as may be necessary or advisable to effectuate the provisions and intent of the Plan.

C. Payment of Statutory Fees.

All fees payable pursuant to section 1930(a) of the Judicial Code, as determined by the Bankruptcy Court at a hearing pursuant to section 1128 of the Bankruptcy Code, shall be paid by each of the Reorganized Debtors (or the Disbursing Agent on behalf of each of the Reorganized Debtors) for each quarter (including any fraction thereof) until the Chapter 11 Cases are converted, dismissed, or closed, whichever occurs first. All fees payable to the U.S. Trustee on account of any Chapter 11 Cases that remain open after the Effective Date shall be paid exclusively from the GUC Trust Assets; *provided* as set forth in Article IV.S, all of the Chapter 11 Cases shall be closed as soon as reasonably practicable after the Effective Date, other than one of the Chapter 11 Cases and any other Chapter 11 Cases that reasonably need to be kept open, as determined by the Reorganized Debtors in consultation with the Committee; *provided* that, to the extent more than one of the Chapter 11 Cases is left open after the Effective Date for any reason other than at the request of the Committee or the reconciliation of General Unsecured Claims, the Reorganized Debtors shall be responsible for the fees payable to the U.S. Trustee on account of such Chapter 11 Cases.

D. Statutory Committee and Cessation of Fee and Expense Payment.

On the Effective Date, the Committee and any other statutory committee appointed in the Chapter 11 Cases shall dissolve and members thereof shall be released and discharged from all rights and duties from or related to the Chapter 11 Cases, except with respect to any continuing confidentiality obligations and any applications for compensation. The Reorganized Debtors shall not be responsible for paying any fees or expenses incurred by the members of or advisors to any statutory committee after the Effective Date.

E. Reservation of Rights.

Except as expressly set forth in the Plan, the Plan shall have no force or effect unless the Bankruptcy Court shall enter the Confirmation Order, and the Confirmation Order shall have no force or effect if the Effective Date does not occur. None of the Filing of the Plan, any statement or provision contained in the Plan, or the taking of any action by any Debtor with respect to the Plan, the Disclosure Statement, or the Plan Supplement shall be or shall be deemed to be an admission or waiver of any rights of any Debtor with respect to the Holders of Claims or Interests prior to the Effective Date.

F. Successors and Assigns.

The rights, benefits, and obligations of any Entity named or referred to in the Plan shall be binding on, and shall inure to the benefit of any heir, executor, administrator, successor or assign, Affiliate, officer, manager, director, agent, representative, attorney, beneficiaries, or guardian, if any, of each Entity.

G. Notices.

All notices, requests, and demands to or upon the Debtors to be effective shall be in writing (including by facsimile transmission) and, unless otherwise expressly provided herein, shall be deemed to have been duly given or made when actually delivered or, in the case of notice by facsimile transmission, when received and telephonically confirmed, addressed as follows:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1. <u>if to the Debtors, to:</u>

Global Clean Energy Holdings, Inc.

6451 Rosedale Hwy

Bakersfield, CA 93308<br> Attention: Antonio D'Amico, General Counsel

E-mail address: antonio.damico@globalcleanenergy.com

with copies to:

Kirkland & Ellis LLP<br> 601 Lexington Avenue<br> New York, New York 10022<br> Attention: Joshua A. Sussberg, P.C.

Brian Schartz, P.C.

Ross J. Fiedler<br> E-mail addresses: josh.sussberg@kirkland.com

brian.schartz@kirkland.com

ross.fiedler@kirkland.com

-and-

Kirkland & Ellis LLP

333 West Wolf Point Plaza

Chicago, Illinois 60654

Facsimile: (312) 862-2200

Attention: Peter A. Candel

E-mail address: peter.candel@kirkland.com

-and-

Norton Rose Fulbright US LLP

1550 Lamar Street, Suite 2000

Houston, Texas 77010-3095

Attention: Jason L. Boland,

&nbsp;&nbsp;&nbsp;&nbsp;Robert B. Bruner,

&nbsp;&nbsp;&nbsp;&nbsp;Jule Harrison

&nbsp;&nbsp;&nbsp;&nbsp;Maria Mokrzycka

Email Addresses: jason.boland@nortonrosefulbright.com

bob.bruner@nortonrosefulbright.com

julie.harrison@nortonrosefulbright.com

maria.mokrzycka@nortonrosefulbright.com

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2. <u>if to a Consenting Term Loan Lender or DIP Term Loan Lender, to:</u>

Latham & Watkins LLP

355 South Grand Avenue, Suite 100

Los Angeles, CA 90071

Attention: Jeff Greenberg

E-mail address: jeffrey.greenberg@lw.com

and

Latham & Watkins LLP

330 N Wabash Ave #2800,

Chicago, IL 60611

Attention: James Ktsanes

E-mail address: james.ktsanes@lw.com

and

Latham & Watkins LLP

1271 Avenue of the Americas

New York, NY 10020

Attention: Nacif Taousse

E-mail address: nacif.taousse@lw.com

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3. <u>if to a Consenting RCF Lender or DIP RCF Lender, to:</u>

Sidley Austin LLP

One South Dearborn

Chicago, IL 60603

Attention: Jackson Garvey

Robert Stephens

Maegan Quejada

E-mail address: jgarvey@sidley.com

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;rstephens@sidley.com

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;mquejada@sidley.com

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4. <u>if to CTCI, to:</u>

Davis Wright Tremaine LLP

920 Fifth Ave., Suite 3300

Seattle, WA 98104

Attention: Ragan Powers

Hugh McCullough

E-mail address: raganpowers@dwt.com

hughmccullough@dwt.com

and

Haynes and Boone, LLP

1221 McKinney St., Suite 4000

Houston, Texas 77010

Attention: Kelli Norfleet

E-mail address: kelli.norfleet@haynesboone.com

Haynes and Boone, LLP

2801 N. Harwood, Suite 2300

Dallas, Texas 75201

Attention: Stephen Pezanosky

&nbsp;&nbsp;&nbsp;&nbsp;Ian Peck

E-mail address: stephen.pezanosky@haynesboone.com

E-mail address: ian.peck@haynesboone.com

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5. <u>if to the Committee, to:</u>

McDermott Will & Emery LLP

2801 North Harwood St., Suite 2600

Dallas, TX 75201

Attention: Charles R. Gibbs

Marcus A. Helt

Grayson Williams

E-mail address: crgibbs@mwe.com

mhelt@mwe.com

gwilliams@mwe.com

and

McDermott Will & Emery LLP

One Vanderbilt Ave.

New York, NY 10017

Attention: Darren Azman

E-mail address: dazman@mwe.com

and

McDermott Will & Emery LLP

444 West Lake St., Suite 4000

Chicago, IL 60606

Attention: William A. Guerrieri

Carole Wurzelbacher

E-mail address: wguerrieri@mwe.com

cwurzelbacher@mwe.com

After the Effective Date, the Debtors have authority to send a notice to Entities that to continue to receive documents pursuant to Bankruptcy Rule 2002, such Entity must File a renewed request to receive documents pursuant to Bankruptcy Rule 2002. After the Effective Date, the Debtors are authorized to limit the list of Entities receiving documents pursuant to Bankruptcy Rule 2002 to those Entities who have Filed such renewed requests.

H. Term of Injunctions or Stays.

Unless otherwise provided in the Plan or in the Confirmation Order, all injunctions or stays in effect in the Chapter 11 Cases pursuant to sections 105 or 362 of the Bankruptcy Code or any order of the Bankruptcy Court, and extant on the Confirmation Date (excluding any injunctions or stays contained in the Plan or the Confirmation Order) shall remain in full force and effect until the Effective Date. All injunctions or stays contained in the Plan or the Confirmation Order shall remain in full force and effect in accordance with their terms.

I. Entire Agreement.

Except as otherwise indicated, the Plan (including, for the avoidance of doubt, the Plan Supplement) supersedes all previous and contemporaneous negotiations, promises, covenants, agreements, understandings, and representations on such subjects, all of which have become merged and integrated into the Plan.

J. Exhibits.

All exhibits and documents included in the Plan Supplement are incorporated into and are a part of the Plan as if set forth in full in the Plan. After the exhibits and documents are Filed, copies of such exhibits and documents shall be available upon written request to the Debtors' counsel at the address above or by downloading such exhibits and documents from the Debtors' restructuring website at https://dm.epiq11.com/GCEHoldings or the Bankruptcy Court's website at www.txs.uscourts.gov/bankruptcy. To the extent any exhibit or document is inconsistent with the terms of the Plan, unless otherwise ordered by the Bankruptcy Court, the non-exhibit or non-document portion of the Plan shall control.

K. Nonseverability of Plan Provisions.

If, prior to Confirmation, any term or provision of the Plan is held by the Bankruptcy Court to be invalid, void, or unenforceable, the Bankruptcy Court shall have the power to alter and interpret such term or provision to make it valid or enforceable to the maximum extent practicable, consistent with the original purpose of the term or provision held to be invalid, void, or unenforceable, and such term or provision shall then be applicable as altered or interpreted. Notwithstanding any such holding, alteration, or interpretation, the remainder of the terms and provisions of the Plan will remain in full force and effect and will in no way be affected, impaired, or invalidated by such holding, alteration, or interpretation. The Confirmation Order shall constitute a judicial determination and shall provide that each term and provision of the Plan, as it may have been altered or interpreted in accordance with the foregoing, is: (1) valid and enforceable pursuant to its terms; (2) integral to the Plan and may not be deleted or modified without the Debtors' consent; and (3) nonseverable and mutually dependent.

L. Votes Solicited in Good Faith.

Upon entry of the Confirmation Order finding that the Debtors have solicited votes on the Plan in good faith and in compliance with the Bankruptcy Code, pursuant to section 1125(e) of the Bankruptcy Code, the Exculpated Parties, the directors and officers of any of the Debtors, each of the Reorganized Debtors, the DIP Agents and DIP Lenders, and, with respect to the foregoing, the Related Parties thereto to the extent permitted under section 1125(e) of the Bankruptcy Code will be deemed to have participated in good faith and in compliance with the Bankruptcy Code in the offer, issuance, sale, and purchase of securities offered and sold under the Plan and any previous plan, and, therefore, neither any of such parties or individuals or the Reorganized Debtors will have any liability for the violation of any applicable law, rule, or regulation governing the solicitation of votes on the Plan or the offer, issuance, sale, or purchase of the Securities offered and sold under the Plan and any previous plan.

M. Waiver or Estoppel.

On the Effective Date, each Holder of a Claim or Interest shall be deemed to have waived any right to assert any argument, including the right to argue that its Claim or Interest should be Allowed in a certain amount, in a certain priority, secured or not subordinated by virtue of an agreement made with the Debtors or their counsel, or any other Entity, if such agreement was not disclosed in the Plan, the Disclosure Statement, or papers Filed with the Bankruptcy Court prior to the Confirmation Date.

---

| | |
|:---|:---|
| Dated: July 3, 2025 | Global Clean Energy Holdings, Inc. |
|  | /s/ *Noah Verleun* |
|  | Noah Verleun |
|  | Chief Executive Officer<br>|

---

## Exhibit 99.2

**Exhibit 99.2**

**In the united states bankruptcy court<br> for the southern district of texas<br> houston DIVISION**

---

| | |
|:---|:---|
| &nbsp;&nbsp;&nbsp;&nbsp;) |  |
| &nbsp;&nbsp;In re:&nbsp;&nbsp;) | &nbsp;&nbsp;Chapter 11 |
| &nbsp;&nbsp;&nbsp;&nbsp;) |  |
| &nbsp;&nbsp;Global clean energy&nbsp;&nbsp;) | &nbsp;&nbsp;Case No. 25-90113 (ARP) |
| &nbsp;&nbsp;holdings, inc., *et al.*,<sup>[1]</sup>&nbsp;&nbsp;) |  |
| &nbsp;&nbsp;&nbsp;&nbsp;) |  |
| &nbsp;&nbsp;Debtors.&nbsp;&nbsp;) | &nbsp;&nbsp;(Jointly Administered) |
| &nbsp;&nbsp; &nbsp;&nbsp;) | &nbsp;&nbsp;Re: Docket Nos. 301 & 348 |

---

**NOTICE OF (I) ENTRY OF AN ORDER<br> CONFIRMING THE SECOND AMENDED JOINT CHAPTER 11<br> PLAN OF REORGANIZATION OF GLOBAL CLEAN ENERGY HOLDINGS, INC.<br> AND ITS DEBTOR AFFILIATES AND (II) OCCURRENCE OF THE EFFECTIVE DATE**

On July 28, 2025, the Honorable Alfredo R. Pérez, United States Bankruptcy Judge for the United States Bankruptcy Court for the Southern District of Texas (the "<u>Bankruptcy Court</u>"), entered the *Order Confirming the Second Amended Joint Chapter 11 Plan of Reorganization of Global Clean Energy Holdings, Inc. and its Debtor Affiliates* [Docket No. 348] (the "<u>Confirmation Order</u>") confirming the *Second Amended Joint Chapter 11 Plan of Reorganization of Global Clean Energy Holdings, Inc. and its Debtors Affiliates* [Docket No. 301] (as amended, supplemented, or otherwise modified from time to time in accordance with the terms thereof, the "<u>Plan</u>")<sup>[2]</sup> of the above-captioned debtors and debtors in possession (collectively, the "<u>Debtors</u>").

The Effective Date of the Plan occurred on **August 11, 2025**.

The Plan and the Confirmation Order are available for inspection. If you would like to obtain a copy of the Confirmation Order or the Plan, you may contact Epiq Corporate Restructuring, LLC, the claims and noticing agent retained by the Debtors in these chapter 11 cases (the "<u>Claims and Noticing Agent</u>"), by: (a) emailing GCEHoldings@epiqglobal.com; (b) calling the Claims and Noticing Agent at (888) 827-0433 (domestic, toll free) or +1 (971) 402-2181 (international); or (c) accessing the Debtors' restructuring website at <u>https://dm.epiq11.com/GCEHoldings</u>. You may also obtain copies of any pleadings Filed in these chapter 11 cases for a fee via PACER at: <u>http://www.txs.uscourts.gov.</u>

The Bankruptcy Court has approved certain discharge, release, exculpation, injunction, and related provisions in Article VIII of the Plan.

---

| | |
|:---|:---|
| <sup>[1]</sup> | A complete list of each of the Debtors in these chapter 11 cases may be obtained on the website of the Debtors' claims and noticing agent at <u>https://dm.epiq11.com/GCEHoldings</u>. The location of Debtor Global Clean Energy Holdings, Inc.'s principal place of business and the Debtors' service address in these chapter 11 cases is: 6451 Rosedale Highway, Bakersfield, California 93308. |

---

<sup>[2]</sup> Capitalized terms used but not defined herein have the meanings ascribed to them in the Plan or the Confirmation Order, as applicable.

The Plan and its provisions are binding on the Debtors, the Reorganized Debtors, the Disbursing Agent, the GUC Trustee, and any Holder of a Claim or an Interest and such Holder's respective successors and assigns, whether or not the Claim or the Interest of such Holder is Impaired under the Plan, and whether or not such Holder voted to accept the Plan.

The Plan and the Confirmation Order contain other provisions that may affect your rights. You are encouraged to review the Plan and the Confirmation Order in their entirety.

**IF YOU HAVE ANY QUESTIONS ABOUT THIS NOTICE, PLEASE CONTACT<br> EPIQ CORPORATE RESTRUCTURING, LLC BY CALLING (888) 827-0433<br> (TOLL FREE) or +1 (971) 402-2181 (INTERNATIONAL)**

---

| | | |
|:---|:---|:---|
| Houston, Texas |  |  |
| Dated: August 11, 2025 |  |  |
| */s/ Jason L. Boland* |  |  |
| **NORTON ROSE FULBRIGHT US LLP** | **KIRKLAND & ELLIS LLP** | **KIRKLAND & ELLIS LLP** |
| Jason L. Boland (SBT 24040542) | **KIRKLAND & ELLIS INTERNATIONAL LLP** | **KIRKLAND & ELLIS INTERNATIONAL LLP** |
| Robert B. Bruner (SBT 24062637) | Joshua A. Sussberg, P.C. (admitted *pro hac vice*) | Joshua A. Sussberg, P.C. (admitted *pro hac vice*) |
| Julie Harrison (SBT 24092434) | Brian Schartz, P.C. (TX Bar No. 24099361) | Brian Schartz, P.C. (TX Bar No. 24099361) |
| Maria Mokrzycka (SBT 24119994) | Ross J. Fiedler (admitted *pro hac vice*) | Ross J. Fiedler (admitted *pro hac vice*) |
| 1550 Lamar Street, Suite 2000 | 601 Lexington Avenue | 601 Lexington Avenue |
| Houston, Texas 77010-3095 | New York, New York 10022 | New York, New York 10022 |
| Telephone: (713) 651-5151 | Telephone: | (212) 446-4800 |
| Facsimile: (713) 651-5246 | Facsimile: | (212) 446-4900 |
| jason.boland@nortonrosefulbright.com | Email: | jsussberg@kirkland.com |
| bob.bruner@nortonrosefulbright.com |  | bschartz@kirkland.com |
| julie.harrison@nortonrosefulbright.com |  | ross.fiedler@kirkland.com |
| maria.mokrzycka@nortonrosefulbright.com |  |  |
|  | - and - | - and - |
|  | **KIRKLAND & ELLIS LLP** | **KIRKLAND & ELLIS LLP** |
|  | **KIRKLAND & ELLIS INTERNATIONAL LLP** | **KIRKLAND & ELLIS INTERNATIONAL LLP** |
|  | Peter A. Candel (admitted *pro hac vice*) | Peter A. Candel (admitted *pro hac vice*) |
|  | 333 West Wolf Point Plaza | 333 West Wolf Point Plaza |
|  | Chicago, Illinois 60654 | Chicago, Illinois 60654 |
|  | Telephone: | (312) 862-2000 |
|  | Facsimile: | (312) 862-2200 |
|  | Email: | peter.candel@kirkland.com |
| *Co-Counsel to the Debtors* | *Co-Counsel to the Debtors* | *Co-Counsel to the Debtors* |
| *and Debtors in Possession* | *and Debtors in Possession* | *and Debtors in Possession* |

---

## Exhibit 99.3

**Exhibit 99.3**

July 28, 2025

![](ex99-3_001.jpg)

**Global Clean Energy Announces Court Confirmation of its Plan of Reorganization**

BAKERSFIELD, Calif.--(BUSINESS WIRE)--Global Clean Energy Holdings, Inc. ("<u>GCE</u>" or the "<u>Company</u>"), a vertically integrated renewable fuels company, announced today that the U.S. Bankruptcy Court for the Southern District of Texas (the "<u>Court</u>") has confirmed the Company's Plan of Reorganization (the "<u>Plan</u>").

Noah Verleun, President and CEO of GCE, stated: "We are pleased to announce that the Court has confirmed our Chapter 11 plan, enabling the Company to successfully reorganize its capital structure in under four months, right in line with our initial goals. We appreciate the continued support of our lenders and partners throughout this process. Their confidence, along with this milestone, strengthens our financial foundation as we advance our business plan and deepen engagement with our customers and vendors. We especially thank our employees for their unwavering focus on safety, reliability and performance during this critical time. With the plan confirmed, we look forward to continuing our role in building a more sustainable energy future."

Under the terms of the Plan, GCE will complete a comprehensive restructuring transaction that will simplify the capital structure, inject new liquidity to fund the go-forward business plan, and enable long-term growth. The Company expects to emerge from its Chapter 11 cases by mid-August following finalization of definitive documentation.

For more information about GCE's restructuring, including access to documents filed with the Court, visit https://dm.epiq11.com/case/gceholdings/info.

**ABOUT GLOBAL CLEAN ENERGY**

*Global Clean Energy Holdings, Inc. is a vertically integrated renewable fuels company specializing in the development and cultivation of camelina, a nonfood, regenerative, intermediate oilseed crop, which is used for the production of advanced biofuels and biomaterials. With a vision that begins in the laboratory, moves through the farm gate, and finishes with renewable fuels, GCE's farm-to-fuels value chain integration provides unrivaled access to reliable, ultra-low carbon feedstocks and is unparalleled in the sustainable fuels industry. To learn more, visit www.GCEholdings.com.*

**FORWARD-LOOKING STATEMENTS**

Certain of the matters discussed in this communication which are not statements of historical fact constitute forward-looking statements within the meaning of the securities laws, including the Private Securities Litigation Reform Act of 1995, that involve a number of risks and uncertainties. Words such as "strategy," "expects," "continues," "plans," "anticipates," "believes," "would," "will," "estimates," "intends," "projects," "goals," "targets," and other words of similar meaning are intended to identify forward-looking statements but are not the exclusive means of identifying these statements. Any statements made in this news release other than those of historical fact, about an action, event, or development, are forward-looking statements. The important factors that may cause actual results and outcomes to differ materially from those contained in such forward-looking statements include, without limitation: the Company's ability to continue operating in the ordinary course while the Chapter 11 cases are pending, the Company's ability to successfully complete a restructuring under Chapter 11, including: consummation of the restructuring; potential adverse effects of the Chapter 11 cases on the Company's liquidity and results of operations; the Company's ability to obtain timely approval by the bankruptcy court with respect to the motions filed in the Chapter 11 cases; objections to the Company's recapitalization process or other pleadings filed that could protract the Chapter 11 cases; employee attrition and the Company's ability to retain senior management and other key personnel due to distractions and uncertainties; the Company's ability to comply with financing arrangements; the Company's ability to maintain relationships with partners, suppliers, customers, employees and other third parties and regulatory authorities as a result of the Chapter 11 cases; the effects of the Chapter 11 cases on the Company and on the interests of various constituents, including holders of the Company's common stock; the bankruptcy court's rulings in the Chapter 11 cases, including the approvals of the terms and conditions of the restructuring and the outcome of the Chapter 11 cases generally; the length of time that the Company will operate under Chapter 11 protection and the continued availability of operating capital during the pendency of the Chapter 11 cases; risks associated with third party motions in the Chapter 11 cases, which may interfere with the Company's ability to consummate the restructuring or an alternative restructuring; increased administrative and legal costs related to the Chapter 11 process; and other litigation and inherent risks involved in a bankruptcy process; the future production of the Company's Bakersfield renewable fuels facility (the "Bakersfield Facility"); anticipated and unforeseen events which could reduce future production at the Bakersfield Facility or delay future capital projects, and changes in commodity and credit values, throughput volumes, production rates, yields, operating expenses and capital expenditures at the Bakersfield Facility; the need for additional capital in the future, including, but not limited to, in order to complete capital projects and satisfy liabilities, including to pay amounts owed under the Company's outstanding term loan, the Company's ability to raise such capital in the future, and the terms of such funding, including dilution caused thereby; the Company's plans to expand and execution of expanding the Company's camelina operations beyond North America; the Company's plans for large scale cultivation of camelina as a nonfood-based feedstock and its use at the Bakersfield Facility; the future production of the Bakersfield Facility, including, but not limited to, renewable diesel production and the breakdown between the two; changes in commodity and credits values; certain early termination rights associated with third-party agreements and conditions precedent to such agreements; the Company's level of indebtedness, which could affect its ability to fulfill its obligations, impede the implementation of its strategy, and expose the Company's interest rate risk; the Company's ability to comply with required covenants under outstanding senior notes and a term loan and to pay amounts due under such senior notes and term loan, including interest and other amounts due thereunder; the ability of the Company to retain and hire key personnel; the level of competition in the Company's industry and its ability to compete; the Company's ability to respond to changes in its industry; the loss of key personnel or failure to attract, integrate and retain additional personnel; the Company's ability to obtain and retain customers; the Company's ability to produce products at competitive rates; the Company's ability to execute its business strategy in a very competitive environment; trends in, and the market for, the price of oil and gas and alternative energy sources; the volatile nature of the prices for oil and gas caused by supply and demand, including volatility caused by the ongoing Ukraine/Russia conflict and/or the Israel/Hamas conflict, changes in interest rates and inflation, and potential recessions; the outcome of pending and potential future litigation, judgments and settlements; rules and regulations making the Company's operations more costly or restrictive; volatility in the market price of compliance credits (primarily Renewable Identification Numbers (RINs) needed to comply with the Renewable Fuel Standard ("RFS")) under renewable and low-carbon fuel programs and emission credits needed under other environmental emissions programs, the requirement for the Company to purchase RINs in the secondary market to the extent it does not generate sufficient RINs internally, liabilities associated therewith and the timing, funding and costs of such required purchases, if any; changes in environmental and other laws and regulations and risks associated with such laws and regulations; macroeconomic pressures and general uncertainty regarding the overall future economic environment, the imposition of additional duties, tariffs, or trade restrictions on the importation of goods we use in connection with our business; economic downturns both in the United States and globally, changes in inflation and interest rates, increased costs of borrowing associated therewith and potential declines in the availability of such funding; risk of increased regulation of the Company's operations and products; disruptions in the infrastructure that the Company and its partners rely on; interruptions at the Company's facilities; unexpected and expected changes in the Company's anticipated capital expenditures resulting from unforeseen and expected required maintenance, repairs, or upgrades; the Company's ability to acquire and construct new facilities; expected and unexpected downtime at the Company's facilities; dependence on third party transportation services and pipelines; risks related to obtaining required crude oil supplies, and the costs of such supplies; counterparty credit and performance risk; unanticipated problems at, or downtime effecting, the Company's facilities and those operated by third parties; risks relating to the Company's hedging activities or lack of hedging activities; and risks relating to future divestitures, asset sales, joint ventures and acquisitions.

Other important factors that may cause actual results and outcomes to differ materially from those contained in the forward-looking statements included in this communication are described in the Company's publicly filed reports, including, but not limited to, the Company's Annual Report on Form 10-K for the year ended December 31, 2023, and the Company's Quarterly Report on Form 10-Q for the quarter ended September 30, 2024. These reports are available at www.sec.gov. The Company cautions that the foregoing list of important factors is not complete. All subsequent written and oral forward-looking statements attributable to the Company or any person acting on behalf of the Company are expressly qualified in their entirety by the cautionary statements referenced above. Other unknown or unpredictable factors also could have material adverse effects on GCE's future results. The forward-looking statements included in this press release are made only as of the date hereof. GCE cannot guarantee future results, levels of activity, performance or achievements. Accordingly, you should not place undue reliance on these forward-looking statements. Finally, GCE undertakes no obligation to update these statements after the date of this release, except as required by law, and takes no obligation to update or correct information prepared by third parties that are not paid for by GCE. If we update one or more forward-looking statements, no inference should be drawn that we will make additional updates with respect to those or other forward-looking statements.

**Media Contact**<br> media@globalcleanenergy.com

Released July 28, 2025

## Exhibit 99.4

**Exhibit 99.4**

August 12, 2025

**Grapevine Energy (f/k/a Global Clean Energy) Announces Successful Completion of its Financial Restructuring**

● Emerges from Chapter 11 as a privately-held company under new ownership

● Secures over $60 million in exit financing, contract support, and additional working capital liquidity

● Announces new executive leadership and Board of Directors to support execution of go-forward strategy

BAKERSFIELD, Calif.-- (BUSINESS WIRE) – Grapevine Energy Holdings, LLC ("<u>Grapevine</u>" or the "<u>Company</u>"), formerly Global Clean Energy Holdings, Inc., a vertically integrated renewable fuels company, today announced that the Company and its subsidiaries have emerged from Chapter 11. This milestone marks the successful completion of the Company's restructuring process and implementation of its Chapter 11 Plan of Reorganization (the "<u>Plan</u>"), which was confirmed by the U.S. Bankruptcy Court for the Southern District of Texas (the "<u>Court</u>") on July 28, 2025.

Importantly, through this process the Company has significantly enhanced its financial position by addressing prepetition indebtedness and claims, as well as securing more than $60 million in exit financing commitments, operations and maintenance contract support, and additional working capital liquidity, each pursuant to the Plan.

The Company emerges with a resilient capital structure that is privately held by the Senior Lenders, led by OIC, and CTCI Americas, Inc. The Company also announced a reconstituted Board of Directors with the addition of significant operational and financial leadership experience. Grapevine's new Board of Directors consists of Gerrit Nicholas, Ethan Shoemaker, Matthew Kondratowicz, Igor Radomyshelsky, Todd Chen, Michael Yang, and Brian Coffman.

Additionally, the Company announced the appointment of Igor Radomyshelsky, as Interim Chief Executive Officer, and Matt Kondratowicz as Chief Strategy Officer, both of whom also serve on the Board of Directors. Noah Verleun will be taking on the role of CEO of the upstream camelina platform, overseeing its growth and strategic development.

Gerrit Nicholas, incoming Chairman of Grapevine's new board of directors said, "The team has taken tremendous steps over the last several years to put the Company on a trajectory for enduring success. As Grapevine emerges from Chapter 11, we are well positioned to drive continued safe and reliable operations, increase profitability, and maximize the value of our Upstream feedstock business. The relationships Igor and Matt have cemented with the existing leadership team combined with their deep understanding of Grapevine's operational strengths, make them ideally suited to lead this new phase of our journey."

The Company intends to file a Form 15 with the Securities and Exchange Commission (the "<u>SEC</u>") evidencing the termination of the registration of its securities under Section 12(g) of the Securities Exchange Act of 1934 (the "<u>Exchange Act</u>") and suspending its reporting obligations under Section 15(d) of the Exchange Act. As a result of such filing, the Company will no longer be obligated to and will not file any further current or periodic reports with the SEC.

For more information about the Company's restructuring, including access to documents filed with the Court, visit https://dm.epiq11.com/case/gceholdings/info.

**ABOUT GRAPEVINE ENERGY**

 

*Grapevine Energy Holdings, LLC is a vertically integrated renewable fuels company that operates a large-scale renewable diesel facility in Bakersfield, California and specializes in the development and cultivation of camelina, a nonfood, regenerative, intermediate oilseed crop, which is used for the production of advanced biofuels and biomaterials. With a vision that begins in the laboratory, moves through the farm gate, and finishes with renewable fuels, Grapevine's farm-to-fuels value chain integration provides unrivaled access to reliable, ultra-low carbon feedstocks and is unparalleled in the sustainable fuels industry.* 

**FORWARD-LOOKING STATEMENTS**

Certain of the matters discussed in this communication which are not statements of historical fact constitute forward-looking statements within the meaning of the securities laws, including the Private Securities Litigation Reform Act of 1995, that involve a number of risks and uncertainties. Words such as "strategy," "expects," "continues," "plans," "anticipates," "believes," "would," "will," "estimates," "intends," "projects," "goals," "targets," and other words of similar meaning are intended to identify forward-looking statements but are not the exclusive means of identifying these statements. Any statements made in this news release other than those of historical fact, about an action, event, or development, are forward-looking statements. The important factors that may cause actual results and outcomes to differ materially from those contained in such forward-looking statements include, without limitation: the Company's ability to comply with financing arrangements; the Company's ability to obtain and/or maintain relationships with partners, suppliers, customers, employees and other third parties and regulatory authorities as a result of the Chapter 11 cases; the effects of the Chapter 11 cases on the Company and on the interests of various constituents, including holders of the Company's common stock; other litigation and inherent risks involved in a bankruptcy process; the future production of the Company's Bakersfield renewable fuels facility (the "Bakersfield Facility"); anticipated and unforeseen events which could reduce future production at the Bakersfield Facility or delay future capital projects, and changes in commodity and credit values, throughput volumes, production rates, yields, operating expenses and capital expenditures at the Bakersfield Facility; the need for additional capital in the future, including, but not limited to, in order to complete capital projects and satisfy liabilities, including to pay amounts owed under the Company's loans and/or other debt arrangements, the Company's ability to raise such capital in the future, and the terms of such funding, including dilution caused thereby; the Company's plans to expand and execution of expanding the Company's camelina operations beyond North America; the Company's plans for large scale cultivation of camelina as a nonfood-based feedstock and its use at the Bakersfield Facility; the future production of the Bakersfield Facility, including, but not limited to, renewable diesel production and the breakdown between the two; changes in commodity and credits values; certain early termination rights associated with third-party agreements and conditions precedent to such agreements; the Company's level of indebtedness, which could affect its ability to fulfill its obligations, impede the implementation of its strategy, and expose the Company's interest rate risk; the Company's ability to comply with required covenants under its debt arrangements, including interest and other amounts due thereunder; the ability of the Company to retain and hire key personnel; the level of competition in the Company's industry and its ability to compete; the Company's ability to respond to changes in its industry; the Company's ability to produce products at competitive rates; the Company's ability to execute its business strategy in a very competitive environment; trends in, and the market for, the price of oil and gas and alternative energy sources; the volatile nature of the prices for oil and gas caused by supply and demand, including volatility caused by the ongoing Ukraine/Russia conflict and/or the Israel/Hamas conflict, changes in interest rates and inflation, and potential recessions; the outcome of pending and potential future litigation, judgments and settlements; rules and regulations making the Company's operations more costly or restrictive; volatility in the market price of compliance credits (primarily Renewable Identification Numbers (RINs) needed to comply with the Renewable Fuel Standard ("RFS")) under renewable and low-carbon fuel programs and emission credits needed under other environmental emissions programs, the requirement for the Company to purchase RINs in the secondary market to the extent it does not generate sufficient RINs internally, liabilities associated therewith and the timing, funding and costs of such required purchases, if any; changes in environmental and other laws and regulations and risks associated with such laws and regulations; macroeconomic pressures and general uncertainty regarding the overall future economic environment, the imposition of additional duties, tariffs, or trade restrictions on the importation of goods we use in connection with our business; economic downturns both in the United States and globally, changes in inflation and interest rates, increased costs of borrowing associated therewith and potential declines in the availability of such funding; risk of increased regulation of the Company's operations and products; disruptions in the infrastructure that the Company and its partners rely on; interruptions at the Company's facilities; unexpected and expected changes in the Company's anticipated capital expenditures resulting from unforeseen and expected required maintenance, repairs, or upgrades; the Company's ability to acquire and construct new facilities; expected and unexpected downtime at the Company's facilities; dependence on third-party transportation services and pipelines; risks related to obtaining required crude oil supplies, and the costs of such supplies; counterparty credit and performance risk; unanticipated problems at, or downtime effecting, the Company's facilities and those operated by third parties; risks relating to the Company's hedging activities or lack of hedging activities; and risks relating to future divestitures, asset sales, joint ventures and acquisitions.

Other important factors that may cause actual results and outcomes to differ materially from those contained in the forward-looking statements included in this communication are described in the Company's publicly filed reports, including, but not limited to, the Company's Annual Report on Form 10-K for the year ended December 31, 2023, and the Company's Quarterly Report on Form 10-Q for the quarter ended September 30, 2024. These reports are available at www.sec.gov. The Company cautions that the foregoing list of important factors is not complete. All subsequent written and oral forward-looking statements attributable to the Company or any person acting on behalf of the Company are expressly qualified in their entirety by the cautionary statements referenced above. Other unknown or unpredictable factors also could have material adverse effects on Grapevine's future results. The forward-looking statements included in this press release are made only as of the date hereof. Grapevine cannot guarantee future results, levels of activity, performance or achievements. Accordingly, you should not place undue reliance on these forward-looking statements. Finally, Grapevine undertakes no obligation to update these statements after the date of this release, except as required by law, and takes no obligation to update or correct information prepared by third parties that are not paid for by Grapevine. If we update one or more forward-looking statements, no inference should be drawn that we will make additional updates with respect to those or other forward-looking statements.

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Source: Grapevine Energy Holdings, LLC