Document:

Credit Agreement

 EXHIBIT 10.3 
  

 CREDIT AGREEMENT 
 among 
 OWENS CORNING, 
 VARIOUS LENDING INSTITUTIONS 
 and 
 CITIBANK, N.A., 
 as Administrative Agent 
 Dated as of October 31, 2006 
  

 CITIGROUP GLOBAL MARKETS INC. 
 and 
 BANC OF AMERICA SECURITIES LLC, 
 as Joint Lead Arrangers and Joint Bookrunners, 
 BANK OF AMERICA, N.A. 
 and 
 GOLDMAN SACHS CREDIT PARTNERS L.P.,

 as Co-Syndication Agents 
 and

 MORGAN STANLEY BANK 
 and

 WACHOVIA BANK, N.A., 
 as
Co-Documentation Agents 
  

 Table of Contents 
  

					
	 	  	 	  	Page
	 SECTION 1.
	  	 Amount and Terms of Credit
	  	1
	 1.01    
	  	 Commitments
	  	1
	 1.02    
	  	 Minimum Borrowing Amounts, etc.
	  	6
	 1.03    
	  	 Notice of Borrowing
	  	6
	 1.04    
	  	 Competitive Bid Borrowings
	  	7
	 1.05    
	  	 Disbursement of Funds
	  	9
	 1.06    
	  	 Notes
	  	10
	 1.07    
	  	 Conversions
	  	11
	 1.08    
	  	 Pro Rata Borrowings
	  	13
	 1.09    
	  	 Interest
	  	13
	 1.10    
	  	 Interest Periods
	  	16
	 1.11    
	  	 Increased Costs; Illegality; etc.
	  	17
	 1.12    
	  	 Compensation
	  	20
	 1.13    
	  	 Change of Lending Office
	  	21
	 1.14    
	  	 Replacement of Lenders
	  	22
	 1.15    
	  	 Provisions Regarding Bankers’ Acceptances, Drafts, etc.
	  	24
			
	 SECTION 2.
	  	 Letters of Credit
	  	24
	 2.01    
	  	 Letters of Credit
	  	24
	 2.02    
	  	 Letter of Credit Requests
	  	27
	 2.03    
	  	 Letter of Credit Participations
	  	27
	 2.04    
	  	 Agreement to Repay Letter of Credit Drawings
	  	31
	 2.05    
	  	 Increased Costs of Issuing Lender and L/C Participants
	  	32
			
	 SECTION 3.
	  	 Fees; Commitments
	  	33
	 3.01    
	  	 Fees
	  	33
	 3.02    
	  	 Voluntary Termination or Reduction of Commitments
	  	36
	 3.03    
	  	 Mandatory Reduction of Commitments
	  	37
			
	 SECTION 4.
	  	 Prepayments; Repayments; Taxes
	  	38
	 4.01    
	  	 Voluntary Prepayments
	  	38
	 4.02    
	  	 Mandatory Repayments and Commitment Reductions
	  	40
	 4.03    
	  	 Method and Place of Payment
	  	42
	 4.04    
	  	 Net Payments
	  	43
			
	 SECTION 5.
	  	 Conditions Precedent
	  	46
			
	 SECTION 5A
	  	 Conditions Precedent to Credit Events on the Initial Borrowing Date
	  	46
	 5A.01    
	  	 Execution of Agreement; Notes
	  	46
	 5A.02    
	  	 Officer’s Certificate
	  	46
	 5A.03    
	  	 Opinions of Counsel
	  	46
	 5A.04    
	  	 Company Documents; Proceedings
	  	47
	 5A.05    
	  	 Approvals
	  	47
	 5A.06    
	  	 Consummation of the Transaction
	  	47

  

 (i) 

 Table of Contents 
 (continued) 
  

					
	 	  	 	  	Page
	 5A.07    
	  	 Solvency Certificates
	  	48
	 5A.08    
	  	 Financial Statements; Pro Forma Balance Sheet; Projections
	  	49
	 5A.09    
	  	 Payment of Fees
	  	49
	 5A.10    
	  	 Consent Letter
	  	49
	 5A.11    
	  	 Subsidiaries Guaranty; Intercompany Subordination Agreement
	  	49
			
	 SECTION 5B
	  	 Conditions Precedent for Subsidiary Borrowers
	  	50
			
	 SECTION 6.
	  	 Conditions Precedent to All Credit Events
	  	51
	 6.01    
	  	 No Default; Representations and Warranties
	  	51
	 6.02    
	  	 Notice of Borrowing; Letter of Credit Request; etc.
	  	51
			
	 SECTION 7.
	  	 Representations, Warranties and Agreements
	  	52
	 7.01    
	  	 Company Status
	  	52
	 7.02    
	  	 Power and Authority
	  	52
	 7.03    
	  	 No Violation
	  	52
	 7.04    
	  	 Approvals
	  	53
	 7.05    
	  	 Financial Statements; Financial Condition; Undisclosed Liabilities; Projections
	  	53
	 7.06    
	  	 Litigation
	  	55
	 7.07    
	  	 True and Complete Disclosure
	  	55
	 7.08    
	  	 Use of Proceeds; Margin Regulations
	  	55
	 7.09    
	  	 Tax Returns and Payments
	  	56
	 7.10    
	  	 Compliance with ERISA; Non-U.S. Plans
	  	56
	 7.11    
	  	 Capitalization
	  	57
	 7.12    
	  	 Subsidiaries
	  	57
	 7.13    
	  	 Compliance with Statutes, etc.
	  	57
	 7.14    
	  	 Investment Company Act
	  	58
	 7.15    
	  	 Environmental Matters
	  	58
	 7.16    
	  	 Employment and Labor Relations
	  	58
	 7.17    
	  	 Intellectual Property, etc.
	  	59
	 7.18    
	  	 Indebtedness
	  	59
			
	 SECTION 8.
	  	 Affirmative Covenants
	  	59
	 8.01    
	  	 Information Covenants
	  	59
	 8.02    
	  	 Books, Records and Inspections; Annual Meetings
	  	61
	 8.03    
	  	 Maintenance of Property; Insurance
	  	61
	 8.04    
	  	 Existence; Franchises
	  	62
	 8.05    
	  	 Compliance with Statutes, etc.
	  	62
	 8.06    
	  	 Compliance with Environmental Laws
	  	62
	 8.07    
	  	 ERISA Reporting Covenant; Employee Benefits Matters
	  	62
	 8.08    
	  	 End of Fiscal Years; Fiscal Quarters
	  	63
	 8.09    
	  	 Payment of Taxes
	  	63
	 8.10    
	  	 Use of Proceeds
	  	63

  

 (ii) 

 Table of Contents 
 (continued) 
  

					
	 	  	 	  	Page
	 8.11    
	  	 Ratings
	  	63
	 8.12    
	  	 Additional Subsidiary Guarantors
	  	63
	 8.13    
	  	 Maintenance of Company Separateness
	  	65
			
	 SECTION 9.
	  	 Negative Covenants
	  	66
	 9.01    
	  	 Liens
	  	66
	 9.02    
	  	 Consolidation, Merger, Purchase or Sale of Assets, etc.
	  	69
	 9.03    
	  	 Dividends
	  	71
	 9.04    
	  	 Indebtedness
	  	72
	 9.05    
	  	 Advances, Investments and Loans
	  	74
	 9.06    
	  	 Transactions with Affiliates
	  	76
	 9.07    
	  	 Interest Expense Coverage Ratio
	  	76
	 9.08    
	  	 Leverage Ratio
	  	76
	 9.09    
	  	 Modifications of Certain Agreements
	  	77
	 9.10    
	  	 Limitation on Certain Restrictions on Subsidiaries
	  	77
	 9.11    
	  	 Intercompany Subordination Agreement
	  	78
			
	 SECTION 10.
	  	 Events of Default
	  	78
	 10.01    
	  	 Payments
	  	78
	 10.02    
	  	 Representations, etc.
	  	78
	 10.03    
	  	 Covenants
	  	78
	 10.04    
	  	 Default Under Other Agreements
	  	78
	 10.05    
	  	 Bankruptcy, etc.
	  	79
	 10.06    
	  	 ERISA
	  	79
	 10.07    
	  	 Judgments
	  	80
	 10.08    
	  	 Change of Control
	  	80
	 10.09    
	  	 Guaranties
	  	80
			
	 SECTION 11.
	  	 Definitions
	  	80
			
	 SECTION 12.
	  	 The Administrative Agent
	  	124
	 12.01    
	  	 Appointment
	  	124
	 12.02    
	  	 Nature of Duties
	  	125
	 12.03    
	  	 Certain Rights of the Administrative Agent
	  	125
	 12.04    
	  	 Reliance by the Administrative Agent
	  	126
	 12.05    
	  	 Notice of Default, etc.
	  	126
	 12.06    
	  	 Nonreliance on the Administrative Agent and Other Lenders
	  	126
	 12.07    
	  	 Indemnification by Lenders
	  	126
	 12.08    
	  	 The Administrative Agent in its Individual Capacity
	  	127
	 12.09    
	  	 Holders
	  	127
	 12.10    
	  	 Resignation of the Administrative Agent
	  	127
	 12.11    
	  	 Delivery of Information
	  	128

  

 (iii) 

 Table of Contents 
 (continued) 
  

					
	 	  	 	  	Page
	 SECTION 13.
	  	 Miscellaneous
	  	129
	 13.01    
	  	 Payment of Expenses, etc.
	  	129
	 13.02    
	  	 Right of Setoff
	  	130
	 13.03    
	  	 Notices
	  	130
	 13.04    
	  	 Benefit of Agreement
	  	131
	 13.05    
	  	 No Waiver; Remedies Cumulative
	  	133
	 13.06    
	  	 Payments Pro Rata
	  	134
	 13.07    
	  	 Calculations; Computations
	  	134
	 13.08    
	  	 Governing Law; Submission to Jurisdiction; Venue
	  	135
	 13.09    
	  	 Counterparts
	  	136
	 13.10    
	  	 Effectiveness
	  	136
	 13.11    
	  	 Headings Descriptive
	  	136
	 13.12    
	  	 Amendment or Waiver; etc.
	  	136
	 13.13    
	  	 Survival
	  	138
	 13.14    
	  	 Domicile of Loans and Commitments
	  	138
	 13.15    
	  	 Confidentiality
	  	139
	 13.16    
	  	 Waiver of Jury Trial
	  	139
	 13.17    
	  	 Register
	  	140
	 13.18    
	  	 English Language
	  	140
	 13.19    
	  	 Powers of Attorney; etc.
	  	140
	 13.20    
	  	 Judgment Currency
	  	141
	 13.21    
	  	 Limitation on Additional Amounts
	  	141
	 13.22    
	  	 Citigroup Direct Website Communications
	  	142
	 13.23    
	  	 Entire Agreement
	  	143
	 13.24    
	  	 USA Patriot Act Notice
	  	143
	 13.25    
	  	 Special Provisions Regarding Dutch ASCS
	  	143
			
	 SECTION 14.
	  	 U.S. Borrower’s Guaranty
	  	144
	 14.01    
	  	 The U.S. Borrower’s Guaranty
	  	144
	 14.02    
	  	 Bankruptcy
	  	145
	 14.03    
	  	 Nature of Liability
	  	145
	 14.04    
	  	 Independent Obligation
	  	145
	 14.05    
	  	 Authorization
	  	146
	 14.06    
	  	 Reliance
	  	147
	 14.07    
	  	 Subordination
	  	147
	 14.08    
	  	 Waiver
	  	147
	 14.09    
	  	 Payments
	  	149

  

			
	SCHEDULE I	 	List of Lenders and Commitments
	SCHEDULE II	 	Lender Addresses
	SCHEDULE III	 	Provisions Relating to Bankers’ Acceptances, Loans and B/A Equivalent Loans

  

 (iv) 

 Table of Contents 
 (continued) 
  

							
	SCHEDULE IV	 		 		 	Existing Letters of Credit
	SCHEDULE V	 		 		 	Capitalization
	SCHEDULE VI	 		 		 	Subsidiaries
	SCHEDULE VII	 		 		 	Scheduled Existing Indebtedness
	SCHEDULE VIII	 		 		 	Existing Liens
	SCHEDULE IX	 		 		 	Existing Investments
	SCHEDULE X	 		 		 	Dutch PMP Definition
	SCHEDULE XI	 		 		 	Ackerman Appeals
				
	EXHIBIT A-1	 		 	-        	 	Form of Notice of Borrowing
	EXHIBIT A-2	 		 	-	 	Form of Notice of Competitive Bid Borrowing
	EXHIBIT B-1	 		 	-	 	Form of Term Note
	EXHIBIT B-2	 		 	-	 	Form of Dollar Facility Revolving Note
	EXHIBIT B-3	 		 	-	 	Form of U.S. Borrower Euro Facility Revolving Note
	EXHIBIT B-4	 		 	-	 	Form of European Borrower Euro Facility Revolving Note
	EXHIBIT B-5	 		 	-	 	Form of U.S. Borrower Canadian Facility Revolving Note
	EXHIBIT B-6	 		 	-	 	Form of Canadian Borrower Canadian Facility Revolving Note
	EXHIBIT B-7	 		 	-	 	Form of Swingline Note
	EXHIBIT B-8	 		 	-	 	Form of Competitive Bid Note
	EXHIBIT C	 		 	-	 	Form of Notice of Conversion/Continuation
	EXHIBIT D	 		 	-	 	Form of Letter of Credit Request
	EXHIBIT E	 		 	-	 	Form of Section 4.04(b)(ii) Certificate
	EXHIBIT F	 		 	-	 	Form of Opinion of Sidley Austin LLP
	EXHIBIT G-1	 		 	-	 	Form of Officers’ Certificate
	EXHIBIT G-2	 		 	-	 	Form of Secretary’s Certificate
	EXHIBIT H	 		 	-	 	Form of Solvency Certificate
	EXHIBIT I	 		 	-	 	Form of Consent Letter
	EXHIBIT J	 		 	-	 	Form of Subsidiaries Guaranty
	EXHIBIT K	 		 	-	 	Form of Intercompany Subordination Agreement
	EXHIBIT L	 		 	-	 	Form of Compliance Certificate
	EXHIBIT M	 		 	-	 	Form of Assignment and Assumption Agreement
	EXHIBIT N	 		 	-	 	Form of Contingent Note
	EXHIBIT O	 		 	-	 	Form of Subsidiary Borrower Assumption Agreement
	EXHIBIT P	 		 	-	 	Form of Administrative Questionnaire

  

 (v) 

 CREDIT AGREEMENT, dated as of October 31, 2006, among OWENS CORNING, a Delaware corporation (the
“U.S. Borrower”), the Lenders from time to time party hereto, and CITIBANK, N.A., as Administrative Agent (in such capacity, the “Administrative Agent”). In addition, upon the satisfaction of the conditions
specified in Section 5B, additional Wholly-Owned Subsidiaries of the U.S. Borrower may become parties hereto as Subsidiary Borrowers. Capitalized terms used herein shall have the meanings specified in Section 11. 
 W I T N E S S E T H: 
 WHEREAS, on October 5, 2000, Old Owens and certain of its subsidiaries filed voluntary petitions for reorganization under Chapter 11 of the United
States Bankruptcy Code in the United States Bankruptcy Court for the District of Delaware; 
 WHEREAS, on July 10, 2006, Old Owens and
the other debtors filed the Plan of Reorganization incorporating the terms of a settlement with their major creditor constituencies and providing for the emergence of the debtors from bankruptcy; 
 WHEREAS, under the Plan of Reorganization, among other terms and conditions, the U.S. Borrower will become the new holding company of Old Owens and its
subsidiaries; and 
 WHEREAS, subject to and upon the terms and conditions herein set forth, the Lenders are willing to make available to the
Borrowers on a several (and not joint) basis the credit facilities provided for herein; 
 NOW, THEREFORE, IT IS AGREED: 
 SECTION 1. Amount and Terms of Credit. 
 1.01 Commitments. 
 (a) Term Loans. Subject to and upon the terms and conditions set forth herein, each Lender with a
Term Loan Commitment severally agrees to make a term loan (each, a “Term Loan”) to the U.S. Borrower, which Term Loans: 
 (i) shall be incurred by the U.S. Borrower pursuant to a single drawing on the Delayed Borrowing Date for the purposes described in Section 7.08(a); 
 (ii) shall be denominated in Dollars; 
 (iii) except as hereafter provided, shall, at the option of the U.S. Borrower, be incurred and maintained as, and/or converted into, Base Rate Loans or Eurodollar Loans, provided that except as otherwise
specifically provided in Section 1.11(b), all Term Loans constituting part of the same Borrowing shall at all times consist of Term Loans of the same Type; and 
 (iv) shall be made by each Lender in the aggregate principal amount equal to the Term Loan Commitment of such Lender on the Delayed
Borrowing Date. 

 Once repaid, Term Loans incurred hereunder may not be reborrowed. 
 (b) Dollar Facility Revolving Loans. Subject to and upon the terms and conditions set forth herein, each Dollar Facility RL Lender severally agrees
to make, at any time and from time to time on or after the Initial Borrowing Date and prior to the Maturity Date, a revolving loan or revolving loans to the U.S. Borrower (each, a “Dollar Facility Revolving Loan”), which Dollar
Facility Revolving Loans: 
 (i) shall be made and maintained in Dollars; 
 (ii) except as hereafter provided, shall, at the option of the U.S. Borrower, be incurred and maintained as, and/or converted into, one or
more Borrowings of Base Rate Loans or, Eurodollar Loans, provided that except as otherwise specifically provided in Section 1.11(b), all Dollar Facility Revolving Loans made as part of the same Borrowing shall at all times consist of
Dollar Facility Revolving Loans of the same Type; 
 (iii) may be repaid and reborrowed in accordance with the provisions
hereof; 
 (iv) shall not be made (and shall not be required to be made) by any Dollar Facility RL Lender in any instance
where the incurrence thereof (after giving effect to the use of the proceeds thereof on the date of the incurrence thereof to repay any amounts theretofore outstanding pursuant to this Agreement) would cause the Individual Dollar Facility RL
Exposure of such Dollar Facility RL Lender to exceed the amount of its Dollar Facility Revolving Loan Commitment at such time; and 
 (v) shall not be made (and shall not be required to be made) by any Dollar Facility RL Lender if the making of same would cause the Aggregate Dollar Facility RL Exposure (after giving effect to the use of the proceeds thereof on the date of
the incurrence thereof to repay any amounts theretofore outstanding pursuant to this Agreement) to exceed the Total Dollar Facility Revolving Loan Commitment as then in effect. 
 (c) Euro Facility Revolving Loans. Subject to and upon the terms and conditions set forth herein, each Euro Facility RL Lender severally agrees to
make, at any time and from time to time on or after the Initial Borrowing Date and prior to the Maturity Date, (I) a revolving loan or revolving loans to the U.S. Borrower (each, a “U.S. Borrower Euro Facility Revolving Loan”)
and (II) on and after the date the European Borrower has satisfied the conditions specified in Section 5B, a revolving loan or revolving loans to the European Borrower (each, a “European Borrower Euro Facility Revolving Loan”
and, together with each U.S. Borrower Euro Facility Revolving Loan, each a “Euro Facility Revolving Loan”), which Euro Facility Revolving Loans: 
 (i) shall be made and maintained in the respective Available Currency elected by the U.S. Borrower or the European Borrower, as the case
may be; 
 (ii) except as hereafter provided, shall, at the option of the U.S. Borrower or the European Borrower, be incurred
and maintained as, and/or converted into, one or more Borrowings of Base Rate Loans or Eurodollar Loans (if the Available Currency 
  

 -2- 

 elected is Dollars) or Euro Denominated Revolving Loans (if the Available Currency elected is Euros),
provided that, except as otherwise specifically provided in Section 1.11(b), all Euro Facility Revolving Loans made as part of the same Borrowing shall at all times consist of Euro Facility Revolving Loans of the same Type; 

(iii) may be repaid and reborrowed in accordance with the provisions hereof; 
 (iv) shall not be made (and shall not be required to be made) by any Euro Facility RL Lender in any instance where the incurrence thereof
(after giving effect to the use of the proceeds thereof on the date of the incurrence thereof to repay any amounts theretofore outstanding pursuant to this Agreement) would cause the Individual Euro Facility RL Exposure of such Euro Facility RL
Lender to exceed the amount of its Euro Facility Revolving Loan Commitment at such time; and 
 (v) shall not be made (and
shall not be required to be made) by any Euro Facility RL Lender if the making of same would cause the Aggregate Euro Facility RL Exposure (after giving effect to the use of the proceeds thereof on the date of the incurrence thereof to repay any
amounts theretofore outstanding pursuant to this Agreement) to exceed the Total Euro Facility Revolving Loan Commitment as then in effect; 
 provided
that the European Borrower shall have no liability under this Agreement with respect to any U.S. Borrower Euro Facility Revolving Loans which may be extended to, and which shall constitute obligations of, the U.S. Borrower. 
 (d) Canadian Facility Revolving Loans. Subject to and upon the terms and conditions set forth herein, each Canadian Facility RL Lender severally
agrees to make, at any time and from time to time on or after the Initial Borrowing Date and prior to the Maturity Date, (I) a revolving loan or revolving loans to the U.S. Borrower (each, a “U.S. Borrower Canadian Facility Revolving
Loan”) and (II) on and after the date the Canadian Borrower has satisfied the conditions specified in Section 5B, a revolving loan or revolving loans to the Canadian Borrower (each, a “Canadian Borrower Canadian Facility
Revolving Loan” and, together with each U.S. Borrower Canadian Facility Revolving Loan, each a “Canadian Facility Revolving Loan” and, together with each Dollar Facility Revolving Loan and Euro Facility Revolving Loan,
each, a “Revolving Loan”), which Canadian Facility Revolving Loans: 
 (i) shall be made and maintained in
the respective Available Currency elected by the U.S. Borrower or the Canadian Borrower, as the case may be; 
 (ii) except as
hereafter provided, shall, at the option of the U.S. Borrower or the Canadian Borrower, be incurred and maintained as, and/or converted into, one or more Borrowings of (1) if the Available Currency selected is U.S. Dollars, (x) Base Rate
Loans or (y) Eurodollar Loans, and (2) if the Available Currency selected is Canadian Dollars, (x) Canadian Prime Rate Loans or (y) (i) in the case of a B/A Lender, Bankers’ Acceptances accepted by such B/A Lender on
the terms and conditions provided for herein and in Schedule III hereto or (ii) in a case of a Non-B/A Lender, completed Drafts drawn by the Canadian Borrower and purchased by such Non-B/A Lender and then 
  

 -3- 

 exchanged for B/A Equivalent Notes, in each case on the terms and conditions provided for herein and in
Schedule III hereto, provided that except as otherwise specifically provided in Section 1.11(b), all Canadian Facility Revolving Loans made as part of the same Borrowing shall at all times consist of Canadian Facility Revolving Loans of
the same Type; 
 (iii) may be repaid and reborrowed in accordance with the provisions hereof; 
 (iv) shall not be made (and shall not be required to be made) by any Canadian Facility RL Lender in any instance where the incurrence
thereof (after giving effect to the use of the proceeds thereof on the date of the incurrence thereof to repay any amounts theretofore outstanding pursuant to this Agreement) would cause the Individual Canadian Facility RL Exposure of such Canadian
Facility RL Lender to exceed the amount of its Canadian Facility Revolving Loan Commitment at such time; and 
 (v) shall not
be made (and shall not be required to be made) by any Canadian Facility RL Lender if the making of same would cause the Aggregate Canadian Facility RL Exposure (after giving effect to the use of the proceeds thereof on the date of the incurrence
thereof to repay any amounts theretofore outstanding pursuant to this Agreement) to exceed the Total Canadian Facility Revolving Loan Commitment as then in effect; 
 provided that the Canadian Borrower shall have no liability under this Agreement with respect to any U.S. Borrower Canadian Facility Revolving Loans which may be extended to, and which shall constitute obligations of, the U.S.
Borrower. 
 (e) Competitive Bid Loans. Subject to and upon the terms and conditions herein set forth, each Lender severally agrees
that the U.S. Borrower may incur a loan or loans (each, a “Competitive Bid Loan”) from one or more Bidder Lenders pursuant to a Competitive Bid Borrowing at any time and from time to time on and after the Initial Borrowing Date and
prior to the date which is three Business Days preceding the date which is 10 days prior to the Maturity Date, which Competitive Bid Loans: 
 (i) shall be made and maintained in Dollars; 
 (ii) shall be made on the terms and conditions
specified in Section 1.04; 
 (iii) shall not be made (and shall not be required to be made) if the making of same would
cause the Aggregate Dollar Facility RL Exposure (after giving effect to the use of proceeds thereof on the date of incurrence thereof to repay any amounts theretofore outstanding pursuant to this Agreement) to exceed the Total Dollar Facility
Revolving Loan Commitment as then in effect; and 
 (iv) shall not exceed in aggregate principal amount at any time
outstanding, the Maximum Competitive Bid Amount. 
 (f) Swingline Loans. Subject to and upon the terms and conditions set forth
herein, the Swingline Lender agrees to make, at any time and from time to time on or after the 
  

 -4- 

 Initial Borrowing Date and prior to the Swingline Expiry Date, a revolving loan or revolving loans to the U.S. Borrower
(each, a “Swingline Loan”), which Swingline Loans: 
 (i) shall be made and maintained in Dollars;

 (ii) shall be made and maintained as Base Rate Loans; 
 (iii) may be repaid and reborrowed in accordance with the provisions hereof; 
 (iv) shall not be made (and shall not be required to be made) if the making of same would cause the Aggregate Dollar Facility RL Exposure
(after giving effect to the use of the proceeds thereof on the date of the incurrence thereof to repay any amounts theretofore outstanding pursuant to this Agreement) to exceed the Total Dollar Facility Revolving Loan Commitment as then in effect;
and 
 (v) shall not exceed in aggregate principal amount at any time outstanding, the Maximum Swingline Amount. 

Notwithstanding anything to the contrary contained in this Section 1.01(f), (x) the Swingline Lender shall not be obligated to make any Swingline Loans at a
time when a Lender Default exists with respect to any Dollar Facility RL Lender unless the Swingline Lender has entered into arrangements satisfactory to it to eliminate the Swingline Lender’s risk with respect to the Defaulting Lender’s
or Defaulting Lenders’ refunding obligations (through the requirement that Mandatory Dollar Facility RL Borrowings be made from time to time) in respect of such Swingline Loans, including by cash collateralizing such Defaulting Lender’s or
Defaulting Lenders’ Dollar Facility RL Percentages of the outstanding Swingline Loans and (y) the Swingline Lender shall not make any Swingline Loan after it has received written notice from any Borrower or the Required Lenders stating
that a Default or an Event of Default exists and is continuing until such time as the Swingline Lender shall have received written notice (A) of rescission of all such notices from the party or parties originally delivering such notice or
notices or (B) of the waiver of such Default or Event of Default by the Required Lenders. 
 (g) Refunding of Swingline Loans. On
any Business Day, the Swingline Lender may, in its sole discretion, give notice to the Dollar Facility RL Lenders that the outstanding Swingline Loans shall be funded with a Borrowing of Dollar Facility Revolving Loans in Dollars (provided
that such notice shall be deemed to have been automatically given upon the occurrence of a Default or an Event of Default under Section 10.05 or upon the exercise of any of the remedies provided in the last paragraph of Section 10), in
which case a Borrowing of Dollar Facility Revolving Loans (each such Borrowing, a “Mandatory Dollar Facility RL Borrowing”) shall be provided on the third succeeding Business Day by all Dollar Facility RL Lenders pro
rata based on each such Dollar Facility RL Lender’s Dollar Facility RL Percentage and the proceeds thereof shall be applied directly to the Swingline Lender to repay the Swingline Lender for such outstanding Swingline Loans. Each Dollar
Facility RL Lender hereby irrevocably agrees to make Dollar Facility Revolving Loans (in the case of a refunding of Swingline Loans) upon one Business Day’s notice pursuant to each Mandatory Dollar Facility RL Borrowing in the amount and in the
manner specified in the preceding sentence and on the date specified in writing by the Swingline Lender notwithstanding (i) that the amount of the 
  

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 Mandatory Dollar Facility RL Borrowing may not comply with the minimum amount for Borrowings otherwise required
hereunder, (ii) whether any conditions specified in Sections 6 are then satisfied, (iii) whether a Default or an Event of Default then exists, (iv) the date of such Mandatory Dollar Facility RL Borrowing, (v) the amount of the
Total Dollar Facility Revolving Loan Commitment at such time and (vi) the amount of the Dollar Facility Revolving Loan Commitment of such Dollar Facility RL Lender at such time. In the event that any Mandatory Dollar Facility RL Borrowing
cannot for any reason be made on the date otherwise required above (including, without limitation, as a result of the commencement of a proceeding under any bankruptcy, reorganization, dissolution, insolvency, receivership, administration or
liquidation or similar law with respect to any Borrower), then each Dollar Facility RL Lender hereby agrees that it shall forthwith purchase (as of the date the Mandatory Dollar Facility RL Borrowing would otherwise have occurred, but adjusted for
any payments received from the U.S. Borrower on or after such date and prior to such purchase) from the Swingline Lender such participations in such outstanding Swingline Loans as shall be necessary to cause such Dollar Facility RL Lenders to share
in such Swingline Loans ratably based upon their respective Dollar Facility RL Percentages, provided that (x) all interest payable on the Swingline Loans shall be for the account of the Swingline Lender until the date as of which the
respective participation is required to be purchased and, to the extent attributable to the purchased participation, shall be payable to the participant from and after such date and (y) at the time any purchase of participations pursuant to
this sentence is actually made, the purchasing Dollar Facility RL Lender shall be required to pay the Swingline Lender interest on the principal amount of the participation purchased for each day from and including the day upon which the Mandatory
Dollar Facility RL Borrowing would otherwise have occurred to but excluding the date of payment for such participation, at the overnight Federal Funds Rate for the first three days and at the rate otherwise applicable to Dollar Facility Revolving
Loans maintained as Base Rate Loans hereunder for each day thereafter. 
 1.02 Minimum Borrowing Amounts, etc. The aggregate principal
amount of each Borrowing of Loans shall not be less than the Minimum Borrowing Amount applicable to Borrowings of the respective Type and Tranche of Loans to be made or maintained pursuant to the respective Borrowing, provided that Mandatory
Borrowings shall be made in the amounts required by Section 1.01(g). More than one Borrowing may be incurred on any day, but at no time shall there be outstanding more than (x) 20 Borrowings of Euro Rate Loans and Spread Borrowings and
(y) 10 different maturity dates in the aggregate for all outstanding Bankers’ Acceptance Loans. 
 1.03 Notice of Borrowing.
(a) Whenever a Borrower desires to make a Borrowing of Loans hereunder (excluding (x) Borrowings of Swingline Loans, (y) Mandatory Borrowings and (z) Borrowings of Canadian Prime Rate Loans to the extent resulting from automatic
conversions of Bankers’ Acceptance Loans as provided in Schedule III), an Authorized Officer of such Borrower shall give the Administrative Agent at its Notice Office at least one Business Day’s prior written (or telephonic notice promptly
confirmed in writing) notice of each Base Rate Loan or Canadian Prime Rate Loan, at least two Business Days’ prior written (or telephonic notice promptly confirmed in writing) notice of each Bankers’ Acceptance Loan and at least three
Business Days’ prior written (or telephonic notice promptly confirmed in writing) notice of each Euro Rate Loan, provided that any such notice shall be deemed to have been given on a certain day only if given before 1:00 P.M. (New York
time) on such day. Each 
  

 -6- 

 such written notice or written confirmation of telephonic notice (each, a “Notice of Borrowing”), except
as otherwise expressly provided in Section 1.11, shall be irrevocable and shall be given by or on behalf of the respective Borrower in the form of Exhibit A-1, appropriately completed to specify: (i) the aggregate principal amount of the
Loans to be made pursuant to such Borrowing (stated in Dollars or in the relevant Available Currency, as the case may be), (ii) the date of such Borrowing (which shall be a Business Day), (iii) whether the respective Borrowing shall
consist of Term Loans, Dollar Facility Revolving Loans, U.S. Borrower Euro Facility Revolving Loans, European Borrower Euro Facility Revolving Loans, U.S. Borrower Canadian Facility Revolving Loans or Canadian Borrower Canadian Facility Revolving
Loans, (iv) in the case of Dollar Denominated Loans, whether the Dollar Denominated Loans being made pursuant to such Borrowing are to be initially maintained as Base Rate Loans or Eurodollar Loans, (v) in the case of Euro Rate Loans, the
initial Interest Period to be applicable thereto and (vi) in the case of Canadian Dollar Denominated Revolving Loans, whether the respective Borrowing shall consist of Canadian Prime Rate Loans or Bankers’ Acceptance Loans and, if
Bankers’ Acceptance Loans, the term thereof (which shall comply with the requirements of Schedule III). The Administrative Agent shall promptly give each Lender which is required to make Loans of the Tranche specified in the respective Notice
of Borrowing notice of such proposed Borrowing, of such Lender’s proportionate share thereof (determined in accordance with Section 1.08) and of the other matters required by the immediately preceding sentence to be specified in the Notice
of Borrowing. 
 (b) (i) Whenever the U.S. Borrower desires to make a Borrowing of Swingline Loans hereunder, an Authorized Officer of
the U.S. Borrower shall give the Swingline Lender, not later than 1:00 P.M. (New York time) on the date that a Swingline Loan is to be made, written notice or telephonic notice promptly confirmed in writing of each Swingline Loan to be made
hereunder. Each such notice shall be irrevocable and shall be given by or on behalf of the U.S. Borrower in the form of Exhibit A-1, appropriately completed to specify: (A) the date of Borrowing (which shall be a Business Day) and (B) the
aggregate principal amount of the Swingline Loans to be made pursuant to such Borrowing. 
 (ii) Mandatory Borrowings shall be made upon the
notice specified in Section 1.01(g), with each Borrower irrevocably agreeing, by its incurrence of any Swingline Loan, to the making of the Mandatory Borrowings as set forth in Section 1.01(g). 
 (c) Without in any way limiting the obligation of any Borrower to confirm in writing any telephonic notice permitted to be given hereunder, the
Administrative Agent or the Swingline Lender (in the case of a Borrowing of Swingline Loans) or the respective Issuing Lender (in the case of the issuance of Letters of Credit), as the case may be, may, prior to receipt of written confirmation, act
without liability upon the basis of such telephonic notice, believed by the Administrative Agent, the Swingline Lender or such Issuing Lender, as the case may be, in good faith to be from an Authorized Officer of such Borrower. In each such case,
the Administrative Agent’s, the Swingline Lender’s or the respective Issuing Lender’s record of the terms of such telephonic notice shall be conclusive evidence of the contents of such notice, absent manifest error. 
 1.04 Competitive Bid Borrowings. (a) Whenever the U.S. Borrower desires to incur a Competitive Bid Borrowing, it shall deliver to the
Administrative Agent, prior to 11:00 
  

 -7- 

 A.M. (New York time) (x) at least four Business Days prior to the date of such proposed Competitive Bid Borrowing,
in the case of a Spread Borrowing, and (y) at least two Business Days prior to the date of such proposed Competitive Bid Borrowing, in the case of an Absolute Rate Borrowing, a written notice substantially in the form of Exhibit A-2 hereto (a
“Notice of Competitive Bid Borrowing”), which notice shall specify in each case (i) the date (which shall be a Business Day) and the aggregate amount of the proposed Competitive Bid Borrowing, (ii) the maturity date for
repayment of each and every Competitive Bid Loan to be made as part of such Competitive Bid Borrowing (which maturity date may be (A) up to six months after the date of such Competitive Bid Borrowing in the case of a Spread Borrowing and
(B) no fewer than seven days and no more than 180 days after the date of such Competitive Bid Borrowing in the case of an Absolute Rate Borrowing, provided that in no event shall the maturity date of any Competitive Bid Borrowing be
later than the tenth Business Day preceding the Maturity Date), (iii) the interest payment date or dates relating thereto, (iv) whether the proposed Competitive Bid Borrowing is to be an Absolute Rate Borrowing or a Spread Borrowing and
(v) any other terms to be applicable to such Competitive Bid Borrowing. The Administrative Agent shall promptly notify each Bidder Lender of each such request for a Competitive Bid Borrowing received by it from a Borrower and of the contents of
the related Notice of Competitive Bid Borrowing; provided that no Notice of Competitive Bid Borrowing may be given by the U.S. Borrower within 5 Business Days (or such other number of days as the U.S. Borrower and the Administrative
Agent may agree to) of any previous Notice of Competitive Bid Borrowing. 
 (b) Each Bidder Lender shall, if, in its sole discretion, it
elects to do so, irrevocably offer to make one or more Competitive Bid Loans to the U.S. Borrower as part of such proposed Competitive Bid Borrowing at a rate or rates of interest specified by such Bidder Lender in its sole discretion and determined
by such Bidder Lender independently of each other Bidder Lender, by notifying the Administrative Agent (which shall give prompt notice thereof to the U.S. Borrower), before 10:00 A.M. (New York time) on the date (the “Reply Date”)
which is (x) in the case of an Absolute Rate Borrowing, one Business Day before the date of such proposed Competitive Bid Borrowing or (y) in the case of a Spread Borrowing, three Business Days before the date of such proposed Competitive
Bid Borrowing, of the minimum amount and maximum amount of each Competitive Bid Loan which such Bidder Lender would be willing to make as part of such proposed Competitive Bid Borrowing (which amounts may, subject to clauses (iii) and
(iv) of Section 1.01(e), exceed such Bidder Lender’s Dollar Facility Revolving Loan Commitment), the rate or rates of interest therefor and such Bidder Lender’s lending office with respect to such Competitive Bid Loan.

 (c) The U.S. Borrower shall, in turn, before 11:00 A.M. (New York time) on the Reply Date, either: 
 (i) cancel such Competitive Bid Borrowing by giving the Administrative Agent notice to such effect (it being understood and agreed that if
the U.S. Borrower gives no such notice of cancellation and no notice of acceptance pursuant to clause (ii) below, then the U.S. Borrower shall be deemed to have canceled such Competitive Bid Borrowing); or 
 (ii) accept one or more of the offers made by any Bidder Lender or Bidder Lenders pursuant to clause (b) above by giving notice (in
writing or by telephone 
  

 -8- 

 confirmed in writing) to the Administrative Agent of the amount of each Competitive Bid Loan (which
amount shall be equal to or greater than the minimum amount, and equal to or less than the maximum amount, notified to the U.S. Borrower by the Administrative Agent on behalf of such Bidder Lender for such Competitive Bid Borrowing pursuant to
clause (b) above) to be made by each Bidder Lender as part of such Competitive Bid Borrowing, and reject any remaining offers made by Bidder Lenders pursuant to clause (b) above by giving the Administrative Agent notice to that effect;
provided that the acceptance of offers may only be made on the basis of ascending Absolute Rates (in the case of an Absolute Rate Borrowing) or Spreads (in the case of a Spread Borrowing), in each case commencing with the lowest rate so
offered; provided further, however, that if offers are made by two or more Bidder Lenders at the same rate and acceptance of all such equal offers would result in a greater principal amount of Competitive Bid Loans being
accepted than the aggregate principal amount requested by the U.S. Borrower, if the U.S. Borrower elects to accept any such offers the U.S. Borrower shall accept such offers pro rata from such Bidder Lenders (on the basis of the
maximum amounts of such offers) unless any such Bidder Lender’s pro rata share would be less than the minimum amount specified by such Bidder Lender in its offer, in which case the U.S. Borrower shall have the right to accept one
or more such equal offers in their entirety and reject the other equal offer or offers or to allocate acceptance among all such equal offers (but giving effect to the minimum and maximum amounts specified for each such offer pursuant to clause
(b) above), as the U.S. Borrower may elect in its sole discretion. 
 (d) If any Competitive Bid Borrowing is cancelled or deemed
cancelled pursuant to clause (c)(i) above, the Administrative Agent shall give prompt notice thereof to the Bidder Lenders and such Competitive Bid Borrowing shall not be made. 
 (e) If the U.S. Borrower accepts one or more of the offers made by any Bidder Lender or Bidder Lenders pursuant to clause (c)(ii) above, the
Administrative Agent shall in turn promptly notify (x) each Bidder Lender that has made an offer as described in clause (b) above, of the date and aggregate amount of such Competitive Bid Borrowing and whether or not any offer or offers
made by such Bidder Lender pursuant to clause (b) above have been accepted by the U.S. Borrower and (y) each Bidder Lender that is to make a Competitive Bid Loan as part of such Competitive Bid Borrowing, of the amount of each Competitive
Bid Loan to be made by such Bidder Lender as part of such Competitive Bid Borrowing. 
 (f) There shall not be more than 4 Competitive Bid
Borrowings outstanding at any time. 
 1.05 Disbursement of Funds. Not later than 1:00 P.M. (New York time or the time of the
applicable Payment Office) on the date specified in each Notice of Borrowing or Notice of Competitive Bid Borrowing (or (x) in the case of Swingline Loans, not later than 3:00 P.M. (New York time or the time of the applicable Payment Office) on
the date specified pursuant to Section 1.03(b)(i) and (y) in the case of Mandatory Borrowings, not later than 10:00 A.M. (New York time or the time of the applicable Payment Office) on the date specified in Section 1.01(i),
(I) each Lender with a Commitment under the respective Tranche (or each Lender required to make Loans pursuant to the respective Mandatory Borrowing), will make available its pro rata portion (determined in accordance with
Section 1.08) of each such 
  

 -9- 

 Borrowing requested to be made on such date (or in the case of Swingline Loans, the Swingline Lender shall make available
the full amount thereof) and (II) each Bidder Lender that is to make a Competitive Bid Loan as part of each such Competitive Bid Borrowing requested to be made on such date will make available the full amount thereof. All such amounts shall be made
available in Dollars (in the case of Dollar Denominated Loans), in Euros (in the case of Euro Denominated Loans) or in Canadian Dollars (in this case of Canadian Dollar Denominated Loans), as the case may be, and in immediately available funds at
the Payment Office of the Administrative Agent, and the Administrative Agent will make available to the respective Borrower at the Payment Office or such other location as may be reasonably satisfactory to the Administrative Agent and specified in
the relevant Notice of Borrowing or Notice of Competitive Bid Borrowing, as the case may be (or to the Swingline Lender in the case of a Mandatory Borrowing) the aggregate of the amounts so made available by the Lenders prior to (x) 3:00 P.M.
(New York time or the time of the applicable Payment Office), on such day (excluding Swingline Loans and Revolving Loans made pursuant to Mandatory Borrowings) and (y) 4:00 P.M. (New York time or the time of the applicable Payment Office) on
such day, in the case of any Swingline Loan, in each case to the extent of funds actually received by the Administrative Agent prior to such times on such day. Unless the Administrative Agent shall have been notified by any Lender prior to the date
of Borrowing that such Lender does not intend to make available to the Administrative Agent such Lender’s portion of any Borrowing to be made on such date, the Administrative Agent may assume that such Lender has made such amount available to
the Administrative Agent on such date of Borrowing and the Administrative Agent may, in reliance upon such assumption, make available to the relevant Borrower a corresponding amount. If such corresponding amount is not in fact made available to the
Administrative Agent by such Lender, the Administrative Agent shall be entitled to recover such corresponding amount on demand from such Lender. If such Lender does not pay such corresponding amount forthwith upon the Administrative Agent’s
demand therefor, the Administrative Agent shall promptly notify the relevant Borrower to pay immediately such corresponding amount to the Administrative Agent and such Borrower shall immediately pay such corresponding amount to the Administrative
Agent. The Administrative Agent shall also be entitled to recover on demand from such Lender or the U.S. Borrower or the European Borrower or the Canadian Borrower, as the case may be, interest on such corresponding amount in respect of each day
from the date such corresponding amount was made available by the Administrative Agent to the respective Borrower until the date such corresponding amount is recovered by the Administrative Agent, at a rate per annum equal to (i) if recovered
from such Lender, the overnight Federal Funds Rate (or, (x) in the case of Canadian Dollar Denominated Loans, the cost to the Administrative Agent of acquiring overnight funds in Canadian Dollars or (y) in the case of Euro Denominated
Loans, the cost to the Administrative Agent of acquiring overnight funds in Euros) and (ii) if recovered from the respective Borrower, the rate of interest applicable to the respective Borrowing, as determined pursuant to Section 1.09.
Nothing in this Section 1.05 shall be deemed to relieve any Lender from its obligation to make Loans hereunder or to prejudice any rights which the relevant Borrower may have against any Lender as a result of any failure by such Lender to make
Loans hereunder. 
 1.06 Notes. (a) Notwithstanding anything to the contrary contained below in this Section 1.06 or
elsewhere in this Agreement, Notes shall only be delivered to Lenders that at any time specifically request the delivery of such Notes. No failure of any Lender to request or obtain a Note evidencing its Loans to any Borrower shall affect or in any
manner impair the 
  

 -10- 

 obligations of the respective Borrower to pay the Loans (and all related Obligations) which would otherwise be evidenced
thereby in accordance with the requirements of this Agreement, and shall not in any way affect the security or guaranties therefor provided pursuant to the various Credit Documents. Any Lender that does not have a Note evidencing its outstanding
Loans shall in no event be required to make the notations otherwise described in clause (c). At any time when any Lender requests the delivery of a Note to evidence any of its Loans, the relevant Borrower shall promptly execute and deliver to the
respective Lender the requested Note or Notes in the appropriate amount or amounts to evidence such Loans. 
 (b) Subject to the provisions
of Section 1.06(a), the European Borrower’s (in the case of European Borrower Euro Facility Revolving Loans) and the U.S. Borrower’s (in the case of Term Loans, Dollar Facility Revolving Loans, U.S. Borrower Euro Facility Revolving
Loans, U.S. Borrower Canadian Facility Revolving Loans, Swingline Loans and Competitive Bid Loans) and the Canadian Borrower’s (in the case of Canadian Borrower Canadian Facility Revolving Loans) obligation to pay the principal of, and interest
on, the Loans made by each Lender shall be evidenced (i) if Term Loans, by a promissory note duly executed and delivered by the U.S. Borrower substantially in the form of Exhibit B-1 with blanks appropriately completed in conformity herewith
(each, a “Term Note”), (ii) if Dollar Facility Revolving Loans, by a promissory note duly executed and delivered by the U.S. Borrower substantially in the form of Exhibit B-2, with blanks appropriately completed in conformity
herewith (each, a “Dollar Facility Revolving Note”), (iii) if U.S. Borrower Euro Facility Revolving Loans, by a promissory note duly executed and delivered by the U.S. Borrower substantially in the form of Exhibit B-3, with
blanks appropriately completed in conformity herewith (each, a “U.S. Borrower Euro Facility Revolving Note”), (iv) if European Borrower Euro Facility Revolving Loans, by a promissory note duly executed and delivered by the
European Borrower substantially in the form of Exhibit B-4, with blanks appropriately completed in conformity herewith (each, a “European Borrower Euro Facility Revolving Note”), (v) if U.S. Borrower Canadian Facility Revolving
Loans, by a promissory note duly executed and delivered by the U.S. Borrower substantially in the form of Exhibit B-5, with blanks appropriately completed in conformity herewith (each, a “U.S. Borrower Canadian Facility Revolving
Note”), (vi) if Canadian Borrower Canadian Facility Revolving Loans, by a promissory note duly executed and delivered by the Canadian Borrower substantially in the form of Exhibit B-6, with blanks appropriately completed in conformity
herewith (each, a “Canadian Borrower Canadian Facility Revolving Note”), (vii) Swingline Loans, by a promissory note duly executed and delivered by the U.S. Borrower substantially in the form of Exhibit B-7, with blanks
appropriately completed in conformity herewith (the “Swingline Note”), and (viii) if Competitive Bid Loans, by a promissory note duly executed and delivered by the U.S. Borrower substantially in the form of Exhibit B-8, with
blanks appropriately completed in conformity herewith (each, a “Competitive Bid Note”). 
 (c) Each Lender will note on its
internal records the amount of each Loan made by it and each payment in respect thereof and will prior to any transfer of any of its Notes endorse on the reverse side thereof the outstanding principal amount of Loans evidenced thereby. Failure to
make any such notation or any error in any such notation or endorsement shall not affect any Borrower’s obligations in respect of any Loans. 
 1.07 Conversions. (a) Each Borrower shall have the option to convert, on any Business Day occurring after the Initial Borrowing Date, all or a portion equal to at least the 
  

 -11- 

 applicable Minimum Borrowing Amount (and, if greater, in an integral multiple of $500,000) of the outstanding principal
amount of Dollar Denominated Loans (other than Swingline Loans, which shall at all times be maintained as Base Rate Loans) made pursuant to one or more Borrowings of one or more Types of Dollar Denominated Loans under a single Tranche into a
Borrowing or Borrowings of another Type of Dollar Denominated Loan under such Tranche, provided that (i) except as otherwise provided in Section 1.11(b) or unless the respective Borrower pays all amounts owing pursuant to
Section 1.12 concurrently with any such conversion, Eurodollar Loans may be converted into Base Rate Loans only on the last day of an Interest Period applicable to the Eurodollar Loans being converted and no such partial conversion of
Eurodollar Loans shall reduce the outstanding principal amount of such Eurodollar Loans made pursuant to a single Borrowing to less than the applicable Minimum Borrowing Amount applicable thereto, (ii) unless the Required Lenders otherwise
agree, Base Rate Loans may only be converted into Eurodollar Loans if no Default or Event of Default is in existence on the date of conversion and (iii) no conversion pursuant to this Section 1.07 shall result in a greater number of
Borrowings of Euro Rate Loans than is permitted under Section 1.02. Each such conversion shall be effected by a Borrower by giving the Administrative Agent at its Notice Office prior to 2:00 P.M. (New York time) at least three Business
Days’ prior notice (each, a “Notice of Conversion/Continuation”) in the form of Exhibit C, appropriately completed to specify the Dollar Denominated Loans to be so converted, the Borrowing or Borrowings pursuant to which such
Dollar Denominated Loans were made and, if to be converted into Eurodollar Loans, the Interest Period to be initially applicable thereto. The Administrative Agent shall give each Lender prompt notice of any such proposed conversion affecting any of
its Dollar Denominated Loans. 
 (b) Mandatory and voluntary conversions of Bankers’ Acceptance Loans into Canadian Prime Rate Loans
shall be made in the circumstances, and to the extent, provided in Schedule III. Bankers’ Acceptance Loans shall not be permitted to be converted into any other Type of Loan prior to the maturity date of the respective Bankers’ Acceptance
or B/A Equivalent Note, as the case may be. 
 (c) The Canadian Borrower shall have the option to convert on any Business Day occurring on or
after the Initial Borrowing Date, all or a portion at least equal to the applicable Minimum Borrowing Amount of the outstanding principal amount of Canadian Prime Rate Loans made pursuant to one or more Borrowings into a Borrowing or Borrowings of
Bankers’ Acceptance Loans; provided that (i) unless the Required Lenders otherwise agree, Canadian Prime Rate Loans may only be converted into Bankers’ Acceptance Loans if no Default or Event of Default is in existence on the
date of such conversion and (ii) Borrowings of Bankers’ Acceptance Loans resulting from this Section 1.07 shall be limited in number as provided in Section 1.02. Each such conversion shall be effected by the Canadian Borrower by
giving the Administrative Agent at its Notice Office, prior to 12:00 Noon (New York time), at least two Business Days prior to the date of the proposed conversion, a Notice of Conversion/Continuation specifying the Canadian Dollar Denominated Loans
to be so converted into Bankers’ Acceptance Loans, the Borrowing or Borrowings pursuant to which such Canadian Dollar Denominated Loans were made and the term of the proposed Borrowing of Bankers’ Acceptance Loans (which, in each case,
shall comply with the requirements of Schedule III). 
  

 -12- 

 The Administrative Agent shall give each Canadian Facility RL Lender prompt notice of any such proposed
conversion affecting any of its Canadian Facility Revolving Loans maintained as Canadian Prime Rate Loans. Upon any such conversion, the proceeds thereof will be deemed to be applied directly on the day of such conversion to prepay the outstanding
principal amount of the Canadian Facility Revolving Loans being converted. 
 1.08 Pro Rata Borrowings. All Borrowings of Term Loans,
Dollar Facility Revolving Loans (including Mandatory Dollar Facility RL Borrowings), Euro Facility Revolving Loans (including Mandatory Euro Facility RL Borrowings) and Canadian Facility Revolving Loans (including Mandatory Canadian Facility RL
Borrowings) under this Agreement shall be incurred from the Lenders pro rata on the basis of such Lenders’ Term Loan Commitments, Dollar Facility RL Percentages, Euro Facility RL Percentages or Canadian Facility RL Percentages, as
the case may be. All Borrowings of Swingline Loans shall be incurred from the Swingline Lender. It is understood that no Lender shall be responsible for any default by any other Lender of its obligation to make Loans hereunder and that each Lender
shall be obligated to make the Loans provided to be made by it hereunder, regardless of the failure of any other Lender to make its Loans hereunder and regardless of whether such Lender has made any Competitive Bid Loans hereunder. 
 1.09 Interest. (a) Each applicable Borrower hereby agrees to pay interest in respect of the unpaid principal amount of each Base Rate Loan
made to it from the date the proceeds thereof are made available to it until the earlier of (i) the maturity (whether by acceleration or otherwise) of such Base Rate Loan and (ii) the conversion of such Base Rate Loan to a Eurodollar Loan
pursuant to Section 1.07, at a rate per annum equal to the sum of the Base Rate in effect from time to time during the period such Base Rate Loan is outstanding plus the relevant Applicable Margin as in effect from time to time.

 (b) Each applicable Borrower hereby agrees to pay interest in respect of the unpaid principal amount of each Eurodollar Loan made to it
from the date the proceeds thereof are made available to it until the earlier of (i) the maturity (whether by acceleration or otherwise) of such Eurodollar Loan and (ii) the conversion of such Eurodollar Loan to a Base Rate Loan pursuant
to Section 1.07, 1.10 or 1.11, as applicable, at a rate per annum, during each Interest Period applicable thereto, equal to the sum of the Eurodollar Rate for such Interest Period plus the relevant Applicable Margin as in effect from
time to time. 
 (c) The Canadian Borrower hereby agrees to pay interest in respect of the unpaid principal amount of each Canadian Prime
Rate Loan made to it from the date the proceeds thereof are made available to it (which shall, in the case of a conversion contemplated by Schedule III, be deemed to be the date upon which a maturing Bankers’ Acceptance or B/A Equivalent Note
is converted into a Canadian Prime Rate Loan pursuant to said Schedule III, with the proceeds thereof to be equal to the full Face Amount of such maturing Bankers’ Acceptance or B/A Equivalent Note), until the earlier of (i) the maturity
thereof (whether by acceleration, or otherwise) and (ii) the conversion of such Canadian Prime Rate Loan to a Bankers’ Acceptance Loan pursuant to Section 1.07(c), at a rate per annum equal to the sum of the Canadian Prime Rate in
effect from time to time during the period such Canadian Prime Rate Loan is outstanding plus the relevant Applicable Margin as in effect from time to time. 
  

 -13- 

 (d) Each applicable Borrower hereby agrees to pay interest in respect of the unpaid principal amount of
each Euro Denominated Revolving Loan made to it from the date the proceeds thereof are made available to it until the maturity thereof (whether by acceleration, prepayment or otherwise) at a rate per annum, during each Interest Period applicable
thereto, equal to the sum of Euro LIBOR for such Interest Period plus the relevant Applicable Margin as in effect from time to time plus any Mandatory Costs. 
 (e) The U.S. Borrower hereby agrees to pay interest in respect of the unpaid principal amount of each Competitive Bid Loan made to it from the date the
proceeds thereof are made available to it until maturity thereof (whether by acceleration, prepayment or otherwise) at a rate or rates per annum specified by a Bidder Lender or Bidder Lenders, as the case may be, pursuant to Section 1.04(b) and
accepted by the U.S. Borrower pursuant to Section 1.04(c). 
 (f) Overdue principal and, to the extent permitted by law, overdue
interest in respect of each Loan and any other overdue amount payable hereunder shall, in each case, bear interest at a rate per annum (1) in the case of overdue principal of, and interest or other overdue amounts owing with respect to, Euro
Denominated Revolving Loans, equal to 2% per annum in excess of the relevant Applicable Margin as in effect from time to time plus Euro LIBOR for such successive periods not exceeding three months as the Administrative Agent may
determine from time to time in respect of amounts comparable to the amount not paid plus any Mandatory Costs, (2) in the case of overdue principal of, and interest or other amounts owing with respect to, Loans and any other amounts owing
in Canadian Dollars, equal to 2% per annum in excess of the Applicable Margin for Canadian Prime Rate Loans plus the Canadian Prime Rate, each as in effect from time to time, and (3) in all other cases, equal to the rate which is
2% per annum in excess of the rate that would otherwise be applicable to the respective Loans (or, if the overdue amount owing does not relate to any specific Loans, 2% per annum in excess of the rate otherwise applicable to Dollar
Facility Revolving Loans which are maintained as Base Rate Loans), in each case with such interest to be payable on demand. 
 (g) Accrued
(and theretofore unpaid) interest shall be payable (i) in respect of each Base Rate Loan and each Swingline Loan, quarterly in arrears on each Quarterly Payment Date, (ii) in respect of each Canadian Prime Rate Loan, monthly in arrears on
the last Business Day of each calendar month, (iii) in respect of each Euro Rate Loan, on the last day of each Interest Period applicable thereto and, in the case of an Interest Period in excess of three months, on each date occurring at three
month intervals after the first day of such Interest Period, (iv) in respect of each Competitive Bid Loan, at such times as specified in the Notice of Competitive Bid Borrowing relating thereto and (v) in respect of each Loan, on any
repayment or prepayment (on the amount repaid or prepaid), at maturity (whether by acceleration or otherwise) and, after such maturity, on demand. 
 (h) Upon each Interest Determination Date, the Administrative Agent shall determine the Euro Rate for the respective Interest Period or Interest Periods and shall promptly notify the respective Borrower and the respective Lenders thereof.
Each such determination shall, absent manifest error, be final and conclusive and binding on all parties hereto. 
 (i) All computations of
interest (other than interest based on the Canadian Prime Rate and the Base Rate at times when the Base Rate is based on the Prime Lending Rate), 
  

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 RL Commitment Commission and other Fees (other than the Drawing Fee) hereunder shall be made on the basis of a year of
360 days for the actual number of days (including the first day but excluding the last day, except that, in the case of Letter of Credit Fees and Facing Fees, the last day shall be included) occurring in the period for which such interest, RL
Commitment Commission or Fees are payable. All computations of interest based on the Canadian Prime Rate, the Prime Lending Rate, clause (x) of the definition of “Base Rate” contained herein and all computations of the Drawing Fee
shall be based on a year of 365 days. 
 (j) For purposes of the Interest Act (Canada), (i) whenever any interest or fee under
this Agreement is calculated using a rate based on a year of 360 days or 365 days, as the case may be, the rate determined pursuant to such calculation, when expressed as an annual rate, is equivalent to (x) the applicable rate based on a year
of 360 days or 365 days, as the case may be, (y) multiplied by the actual number of days in the calendar year in which such annual rate is to be ascertained, and (z) divided by 360 or 365, as the case may be; (ii) the principle of
deemed reinvestment of interest does not apply to any interest calculation under this Agreement; and (iii) the rates of interest stipulated in this Agreement are intended to be nominal rates and not effective rates or yields. 
 (k) If any provision of this Agreement or of any of the other Credit Documents would obligate the Canadian Borrower to make any payment of interest with
respect to the Obligations or other amount payable to any Lender in an amount or calculated at a rate which would result in a receipt by that Lender of “interest” with respect to the Obligations at a “criminal rate” (as such
terms are construed under the Criminal Code (Canada)) then, notwithstanding such provision, such amount or rates shall be deemed to have been adjusted with retroactive effect to the maximum amount or rate of interest, as the case may be, as
would not so result in a receipt by that Lender of interest with respect to the Obligations at a criminal rate, such adjustment to be effected, to the extent necessary, as follows: (i) first, by reducing the amount or rates of interest required
to be paid to the affected Lender under Section 1.09; and (ii) thereafter, by reducing any charges, fees, commissions, expenses, premiums and other amounts required to be paid to the affected Lender which would constitute
“interest” with respect to the Obligations for purposes of Section 347 of the Criminal Code (Canada). Notwithstanding the foregoing, and after giving effect to all adjustments contemplated thereby, if any Lender shall have
received from the Canadian Borrower an amount in excess of the maximum permitted by that section of the Criminal Code (Canada), then the Canadian Borrower shall be entitled, by notice in writing to the affected Lender, to obtain reimbursement
from that Lender in an amount equal to such excess, and pending such reimbursement, such amount shall be deemed to be an amount payable by that Lender to the Canadian Borrower. Any amount or rate of interest on the Obligations referred to in this
Section 1.09(k) shall be determined in accordance with generally accepted actuarial practices and principles as an effective annual rate of interest over the term that the applicable Loan or Loans remain outstanding on the assumption that any
charges, fees, commissions, expenses, premiums and other amounts that fall within the meaning of “interest” (as defined in the Criminal Code (Canada)) shall, if they relate to a specific period of time, be pro-rated over that period
of time and otherwise be pro-rated over the period from the Initial Borrowing Date to the Maturity Date and, in the event of a dispute, a certificate of a Fellow of the Canadian Institute of Actuaries appointed by the Administrative Agent shall be
conclusive for the purposes of such determination. 
  

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 1.10 Interest Periods. At the time a Borrower gives any Notice of Borrowing or Notice of
Conversion/Continuation in respect of the making of, or conversion into, any Euro Rate Loan (in the case of the initial Interest Period applicable thereto) or on the third Business Day prior to the expiration of an Interest Period applicable to such
Euro Rate Loan (in the case of any subsequent Interest Period), the respective Borrower shall have the right to elect, by having an Authorized Officer of such Borrower give the Administrative Agent notice thereof, the interest period (each, an
“Interest Period”) applicable to such Euro Rate Loan, which Interest Period shall, at the option of such Borrower be a one, two, three or six-month period or, to the extent agreed to by all Lenders required to make Loans under the
respective Tranche, a nine or twelve-month period; 
 (i) all Euro Rate Loans comprising the same Borrowing shall at all times
have the same Interest Period; 
 (ii) the initial Interest Period for any Euro Rate Loan shall commence on the date of
Borrowing of such Euro Rate Loan (including, in the case of Dollar Denominated Loans, the date of any conversion thereto from a Borrowing of Base Rate Loans) and each Interest Period occurring thereafter in respect of such Euro Rate Loan shall
commence on the day on which the next preceding Interest Period applicable thereto expires; 
 (iii) if any Interest Period
relating to a Euro Rate Loan begins on a day for which there is no numerically corresponding day in the calendar month at the end of such Interest Period, such Interest Period shall end on the last Business Day of such calendar month; 
 (iv) if any Interest Period for a Euro Rate Loan would otherwise expire on a day which is not a Business Day, such Interest Period shall
expire on the next succeeding Business Day; provided, however, that if any Interest Period for a Euro Rate Loan would otherwise expire on a day which is not a Business Day but is a day of the month after which no further Business Day
occurs in such month, such Interest Period shall expire on the preceding Business Day; and 
 (v) no Interest Period in
respect of any Borrowing under a given Tranche of Loans shall be selected which extends beyond the respective Maturity Date for such Tranche of Loans. 
 With respect to any Euro Denominated Loans, at the end of any Interest Period applicable to a Borrowing thereof, the U.S. Borrower or the European Borrower, as applicable, may elect to split the respective Borrowing into two or more
Borrowings of the same Type or combine two or more Borrowings of the same Type into a single Borrowing, in each case, by having an Authorized Officer of the relevant Borrower give notice thereof together with its election of one or more Interest
Periods, in each case so long as each resulting Borrowing (x) has an Interest Period which complies with the foregoing requirements of this Section 1.10 and (y) does not cause a violation of the requirements of Section 1.02. If
upon the expiration of any Interest Period applicable to a Borrowing of Euro Rate Loans, the U.S. Borrower, the European Borrower or the Canadian Borrower, as applicable, has failed to elect, or is not permitted to elect, 
  

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 a new Interest Period to be applicable to such Euro Rate Loans as provided above, the relevant Borrower shall be deemed
to have elected (x) if Eurodollar Loans, to convert such Eurodollar Loans into Base Rate Loans and (y) if Euro Denominated Loans, to select a one-month Interest Period for such Euro Denominated Loans, in any such case effective as of the
expiration date of such current Interest Period. 
 1.11 Increased Costs; Illegality; etc. (a) In the event that any Lender shall have
determined in good faith (which determination shall, absent manifest error, be final and conclusive and binding upon all parties hereto but, with respect to clause (i) below, may be made only by the Administrative Agent): 
 (i) on any Interest Determination Date that, by reason of any changes arising after the Effective Date affecting the applicable interbank
market as a whole, adequate and fair means do not exist for ascertaining the applicable interest rate on the basis provided for in the definition of the respective Euro Rate; or 
 (ii) at any time, that such Lender shall incur increased costs or reductions in the amounts received or receivable hereunder with respect
to any Euro Rate Loan or Competitive Bid Loan because of any change since the Effective Date (or in the case of any Competitive Bid Loan, since the making of such Competitive Bid Loan) in any applicable law or governmental rule, regulation, order,
guideline or request (whether or not having the force of law) or in the interpretation or administration thereof and including the introduction of any new law or governmental rule, regulation, order, guideline or request, such as, for example, but
not limited to (A) a change in the basis of taxation of payments to a Lender of the principal of or interest on the Loans or any other amounts payable hereunder (except for changes in the rate of tax on, or determined by reference to, the net
income or net profits of such Lender imposed by the jurisdiction in which its principal office or applicable lending office is located), or (B) a change in official reserve requirements, but, in all events, excluding reserves required under
Regulation D to the extent included in the computation of the Eurodollar Rate; or 
 (iii) at any time after the Effective
Date, that the making or continuance of any Euro Rate Loan or Competitive Bid Loan has been made unlawful by any law or governmental rule, regulation or order (or would conflict with any governmental rule, regulation, guideline, request or order not
having the force of law but with which such Lender customarily complies even though the failure to comply therewith would not be unlawful); or 
 (iv) at any time that Euros are not available in sufficient amounts, as determined in good faith by the Administrative Agent, acting reasonably, to fund any Borrowing of Euro Denominated Loans requested pursuant to
Section 1.01; 
 then, and in any such event, such Lender (or the Administrative Agent, in the case of clause (i) above) shall promptly give notice
(by telephone confirmed in writing) to the affected Borrower, and, except in the case of clause (i) above, to the Administrative Agent of such determination (which notice the Administrative Agent shall promptly transmit to each of the other
Lenders). Thereafter (w) in the case of clause (i) above, (A) in the event Eurodollar Loans or Competitive 
  

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 Bid Loans are so affected, Eurodollar Loans (and Competitive Bid Loans constituting a Spread Borrowing priced by
reference to the Eurodollar Rate) shall no longer be available until such time as the Administrative Agent notifies any affected Borrower and the Lenders that the circumstances giving rise to such notice by the Administrative Agent no longer exist,
and any Notice of Borrowing, Notice of Competitive Bid Borrowing or Notice of Conversion/Continuation given by any Borrower with respect to Eurodollar Loans or Competitive Bid Loans which have not yet been incurred (including by way of conversion)
shall be deemed rescinded by such Borrower and (B) in the event that any Euro Denominated Loan is so affected, the relevant Euro Rate shall be determined on the basis provided in the proviso to the definition of “Overnight Euro Rate”
or “Euro LIBOR” contained herein, as the case may be, (x) in the case of clause (ii) above, the respective Borrower or Borrowers, subject to the provisions of Section 13.21, agrees to pay to such Lender, upon written demand
therefor, such additional amounts (in the form of an increased rate of, or a different method of calculating, interest or otherwise as such Lender in its sole discretion shall determine) as shall be required to compensate such Lender for such
increased costs or reductions in amounts received or receivable hereunder (with the written notice as to the additional amounts owed to such Lender, submitted to the respective Borrower or Borrowers by such Lender in accordance with the foregoing to
be, absent manifest error, final and conclusive and binding on all the parties hereto, although the failure to give any such notice shall not release or diminish any of the respective Borrower’s or Borrowers’ obligations to pay additional
amounts pursuant to this Section 1.11(a) upon the subsequent receipt of such notice), (y) in the case of clause (iii) above, the respective Borrower or Borrowers shall take one of the actions specified in Section 1.11(b) as
promptly as possible and, in any event, within the time period required by law and (z), in the case of clause (iv) above, Euro Denominated Loans (exclusive of any such Euro Denominated Loans which have theretofore been funded) shall no longer
be available until such time as the Administrative Agent notifies the affected Borrower and the Lenders that the circumstances giving rise to such notice by the Administrative Agent no longer exist, and any Notice of Borrowing with respect to Euro
Denominated Loans which have not been incurred shall be deemed rescinded by such Borrower. Each of the Administrative Agent and each Lender agrees that if it gives notice to any Borrower of any of the events described in clause (i), (ii),
(iii) or (iv) above, it shall promptly notify such Borrower and, in the case of any such Lender, the Administrative Agent, if such event ceases to exist. In determining any additional amounts, each Lender will act reasonably and in good
faith and will use allocation and attribution methods which are reasonable. 
 (b) At any time that any Euro Rate Loan or Competitive Bid
Loan is affected by the circumstances described in Section 1.11(a)(ii) or (iii), the affected Borrower may (and in the case of a Euro Rate Loan or Competitive Bid Loan affected by the circumstances described in Section 1.11(a)(iii) shall)
either (x) if the affected Euro Rate Loan or Competitive Bid Loan is then being made initially or pursuant to a conversion, cancel the respective Borrowing by giving the Administrative Agent telephonic notice (confirmed in writing) on the same
date that such Borrower was notified by the affected Lender or the Administrative Agent pursuant to Section 1.11(a)(ii) or (iii) or (y) if the affected Euro Rate Loan or Competitive Bid Loan is then outstanding, upon at least three
Business Days’ written notice to the Administrative Agent, (A) in the case of a Eurodollar Loan, require the affected Lender to convert such Eurodollar Loan into a Base Rate Loan (which conversion, in the case of the circumstance described
in Section 1.11(a)(iii), shall occur no later than the last day of the Interest Period then applicable to such Eurodollar Loan or such earlier day as shall be required by applicable law), (B) in the case 
  

 -18- 

 of any Euro Rate Loan (other than a Eurodollar Loan), repay all outstanding Borrowings which include such affected Euro
Rate Loans in full in accordance with the applicable requirements of Section 4.01 and (C) in the case of any Competitive Bid Loan, repay all such Competitive Bid Loans in full; provided that (i) if the circumstances described
in Section 1.11(a)(iii) apply to any Euro Denominated Loan, the U.S. Borrower or the European Borrower, as the case may be, may, in lieu of taking the actions described above, maintain such Euro Denominated Loan outstanding, in which case, in
the case of Euro Denominated Revolving Loans or Euro Denominated Term Loans, the applicable Euro Rate shall be determined on the basis provided in the proviso to the definition of “Euro LIBOR” contained herein, unless the maintenance of
such Euro Denominated Loan outstanding on such basis would not stop the conditions described in Section 1.11(a)(iii) from existing (in which case the actions described above, without giving effect to the proviso, shall be required to be taken)
and (ii) if more than one Lender is affected at any time, then all affected Lenders must be treated the same pursuant to this Section 1.11(b). 
 (c) If any Lender shall have determined after the Effective Date that the adoption or effectiveness after the Effective Date of any applicable law, rule or regulation regarding capital adequacy, or any change therein,
or any change after the Effective Date in the interpretation or administration thereof by any governmental authority, central bank or comparable agency charged with the interpretation or administration thereof, or compliance by such Lender or any
corporation controlling such Lender with any request or directive regarding capital adequacy (whether or not having the force of law) of any such authority, central bank or comparable agency, has or would have the effect of reducing the rate of
return on such Lender’s or such other corporation’s capital or assets as a consequence of such Lender’s Commitment or Commitments hereunder or its obligations hereunder to a level below that which such Lender or such other corporation
could have achieved but for such adoption, effectiveness, change or compliance (taking into consideration such Lender’s or such other corporation’s policies with respect to capital adequacy), then from time to time, upon written demand by
such Lender (with a copy to the Administrative Agent), accompanied by the notice referred to in the next succeeding sentence of this clause (c), and subject to Section 13.21, the Borrowers jointly and severally agree to pay to such Lender such
additional amount or amounts as will compensate such Lender or such other corporation for such reduction in the rate of return to such Lender or such other corporation. Each Lender, upon determining in good faith that any additional amounts will be
payable pursuant to this Section 1.11(c), will give prompt written notice thereof to the relevant Borrower (a copy of which shall be sent by such Lender to the Administrative Agent), which notice shall set forth such Lender’s basis for
asserting its rights under this Section 1.11(c) and the calculation, in reasonable detail, of such additional amounts claimed hereunder, although the failure to give any such notice shall not release or diminish any Borrower’s obligations
to pay additional amounts pursuant to this Section 1.11(c) upon the subsequent receipt of such notice. A Lender’s good faith determination of compensation owing under this Section 1.11(c) shall, absent manifest error, be final and
conclusive and binding on all the parties hereto. For the avoidance of doubt, nothing in this Section 1.11(c) shall require any Borrower to pay to any Lender any amount for which such Lender is compensated by way of payment of Mandatory Costs.

 (d) If any Lender shall have determined (which determination shall, absent manifest error, be final and conclusive and binding on all
parties hereto) after the Effective Date that, as a result of the adoption or effectiveness after the Effective Date of any applicable law, 
  

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 rule or regulation regarding capital adequacy, or any change therein, or any change after the Effective Date in the
interpretation or administration thereof by any governmental authority, central bank or comparable agency charged with the interpretation or administration thereof, or compliance by such Lender or any corporation controlling such Lender with any new
or changed request or directive regarding capital adequacy (whether or not having the force of law) of any such authority, central bank or comparable agency, such Lender is at any time required to maintain reserves (including, without limitation,
any marginal, emergency, supplemental, special or other reserves required by applicable law) which have been established by any federal, national, provincial, state, local or foreign court or governmental agency, authority, instrumentality or
regulatory body with jurisdiction over such Lender (including any branch, Affiliate or funding office thereof) in respect of any Euro Denominated Loans or any category of liabilities which includes deposits by reference to which the interest rate on
any Euro Denominated Loan is determined or any category of extensions of credit or other assets which includes loans by a non-United States office of any Lender to non-United States residents, then, unless such reserves are included in the
calculation of the interest rate applicable to such Euro Denominated Loans or in Section 1.11(a)(ii), such Lender shall promptly notify the European Borrower in writing specifying the additional amounts required to indemnify such Lender against
the cost of maintaining such reserves (such written notice to provide in reasonable detail a computation of such additional amounts) and, subject to Section 13.21, the European Borrower (in the case of European Borrower Euro Facility Revolving
Loans owing by it and denominated in Euros) shall pay, to such Lender such specified amounts as additional interest at the time that the European Borrower is otherwise required to pay interest in respect of such Euro Denominated Loan or, if later,
on written demand therefor by such Lender. In determining any additional amounts, each Lender will act reasonably and in good faith and will use allocation and attribution methods which are reasonable. 
 1.12 Compensation. Subject to Section 13.21, the Borrowers jointly and severally agree to compensate each Lender, upon its written request
(which request shall set forth in reasonable detail the basis for requesting such compensation), for all losses, reasonable expenses and liabilities (including, without limitation, any loss, expense or liability incurred by reason of the liquidation
or reemployment of deposits or other funds required by such Lender to fund its Euro Rate Loans or Competitive Bid Loans but excluding any loss of anticipated profit) which such Lender may sustain: (i) if for any reason (other than a default by
such Lender or any Agent) a Borrowing of, or conversion from or into, Euro Rate Loans or Competitive Bid Loans does not occur on a date specified therefor in a Notice of Borrowing, Notice of Competitive Bid Borrowing or Notice of
Conversion/Continuation (whether or not withdrawn by the respective Borrower or Borrowers or deemed withdrawn pursuant to Section 1.11(a)); (ii) if any repayment (including any repayment made pursuant to Section 4.01 or 4.02 or as a
result of an acceleration of the Loans pursuant to Section 10 or as a result of the replacement of a Lender, other than due to a Lender Default of such Lender, pursuant to Section 1.14, 4.01 or 13.12(b)) or conversion of any of its Euro
Rate Loans or Competitive Bid Loans occurs on a date which is prior to the last day of an Interest Period applicable thereto; (iii) if any repayment (including any repayment made pursuant to Section 4.01 or 4.02 or as a result of an
acceleration of the Loans pursuant to Section 11 or as a result of the replacement of a Lender pursuant to Sections 1.14 or 13.12(b)) of any Bankers’ Acceptance Loan occurs on a date which is prior to the maturity date of such
Bankers’ Acceptance Loan; (iv) if any prepayment of any of its Euro Rate Loans, Bankers’ Acceptance Loans or Competitive Bid Loans is not made on any date specified in a notice of 
  

 -20- 

 prepayment given by the respective Borrower or Borrowers; or (v) as a consequence of any election made pursuant to
Section 1.11(b). Each Lender’s calculation of the amount of compensation owing pursuant to this Section 1.12 shall be made in good faith. A Lender’s basis for requesting compensation pursuant to this Section 1.12 and a
Lender’s calculation of the amount thereof, shall, absent manifest error, be final and conclusive and binding on all parties hereto. 
 1.13 Change of Lending Office. (a) Each Lender may at any time or from time to time designate, by written notice to the Administrative Agent to the extent not already reflected on Schedule II, one or more lending offices (which,
for this purpose, may include Affiliates of the respective Lender) for the various Loans made, and Letters of Credit participated in, by such Lender (including, without limitation, by designating a separate lending office (or Affiliate) to act as
such with respect to (x) Dollar Denominated Loans and Dollar Denominated Letter of Credit Outstandings, (y) Euro Denominated Loans and Euro Denominated Letter of Credit Outstandings or (z) Canadian Dollar Denominated Loans and
Canadian Dollar Denominated Letter of Credit Outstandings and, (I) in the case of Canadian Facility RL Lenders, (i) a separate U.S. lending office (or Affiliate) to act as such with respect to U.S. Borrower Canadian Facility Revolving
Loans and Canadian Facility Letters of Credit issued for the account of the U.S. Borrower and (ii) a separate Canadian lending office (or Affiliate) to act with respect to Canadian Borrower Canadian Facility Revolving Loans and Canadian
Facility Letters of Credit issued for the account of the Canadian Borrower and (II) in the case of Euro Facility RL Lenders, (i) a separate U.S. lending office (or Affiliate) to act as such with respect to U.S. Borrower Euro Facility Revolving
Loans and Euro Facility Letters of Credit issued for the account of the U.S. Borrower and (ii) a separate lending office (or Affiliate) to act with respect to European Borrower Euro Facility Revolving Loans and Euro Facility Letters of
Credit issued for the account of the European Borrower); provided that, for designations made after the Effective Date, to the extent such designation shall result in increased costs under Section 1.11, 2.06 or 4.04 in excess of those
which would be charged in the absence of the designation of a different lending office (including a different Affiliate of the respective Lender), then the Borrowers shall not be obligated to pay such excess increased costs (although if such
designation results in increased costs, the Borrowers shall be obligated to pay the costs which would have applied in the absence of such designation and any subsequent increased costs of the type described above resulting from changes after the
date of the respective designation). Except as provided in the immediately preceding sentence, each lending office and Affiliate of any Lender designated as provided above shall, for all purposes of this Agreement, be treated in the same manner as
the respective Lender (and shall be entitled to all indemnities and similar provisions in respect of its acting as such hereunder). 
 (b)
Each Lender agrees that upon the occurrence of any event giving rise to the operation of Section 1.11(a)(ii) or (iii), Section 1.11(c), Section 2.05 or Section 4.04 with respect to such Lender (including any such event resulting
from any Canadian Facility RL Lender ceasing to be a Canadian Resident, except to the extent permitted by Section 13.04(b) or 13.14), it will, if requested by the applicable Borrower by notice to such Lender, use reasonable efforts (subject to
overall policy considerations of such Lender) to designate another lending office for any Loans or Letters of Credit affected by such event, provided that such designation is made on such terms that such Lender and its lending office suffer
no economic, legal or regulatory disadvantage, with the object of avoiding the consequence of the event giving rise to the operation of such Section. Nothing in this Section 1.13 shall affect or postpone any of the obligations of any Borrower
or the rights of any Lender provided in Sections 1.11, 2.06 and 4.04. 
  

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 1.14 Replacement of Lenders. (x) If any Lender becomes a Defaulting Lender, (y) upon the
occurrence of any event giving rise to the operation of Section 1.11(a)(ii) or (iii), Section 1.11(c) or (d), Section 2.05 or Section 4.04 with respect to any Lender which results in such Lender charging to any Borrower increased
costs materially in excess of the average costs being charged by the other Lenders in respect of such contingency (including any such event resulting from any Canadian Facility RL Lender ceasing to be a Canadian Resident, except to the extent
permitted by Section 13.04(b) or 13.14), or if any existing Euro Facility RL Lender is unable, on the date required by Section 13.25(c), to make any declaration or representation required therein, or (z) in the case of a refusal by a
Lender to consent to a proposed change, waiver, discharge or termination with respect to this Agreement which has been approved by the Required Lenders as provided in Section 13.12(b), the U.S. Borrower shall have the right, in accordance with
the requirements of Section 13.04(b), if no Event of Default then exists or would exist after giving effect to such replacement, to replace such Lender (the “Replaced Lender”) with one or more Eligible Transferees
(collectively, the “Replacement Lender”), none of whom shall constitute a Defaulting Lender at the time of such replacement and each of whom shall be reasonably acceptable to the Administrative Agent or, in the case of a replacement
as provided in Section 13.12(b) where the consent of the respective Lender is required with respect to less than all Tranches of its Loans or Commitments, at the option of the U.S. Borrower, to replace only the Commitments and/or outstanding
Loans of such Lender in respect of each Tranche where the consent of such Lender would otherwise be individually required, with identical Commitments and/or Loans of the respective Tranche provided by the Replacement Lender; provided that:

 (i) at the time of any replacement pursuant to this Section 1.14, the Replacement Lender shall enter into one or more
Assignment and Assumption Agreements pursuant to Section 13.04(b) (and with all fees payable pursuant to said Section 13.04(b) to be paid by the Replacement Lender) pursuant to which the Replacement Lender shall acquire all of the
Commitments and all then outstanding Loans (or, in the case of the replacement of less than all the Tranches of Commitments and outstanding Loans of the respective Replaced Lender, all the Commitments and/or all then outstanding Loans relating to
the Tranche or Tranches with respect to which such Lender is being replaced) of the Replaced Lender, and all participations of such Replaced Lender in all then outstanding Letters of Credit issued pursuant to the respective Tranche or Tranches where
the Replaced Lender is being replaced and, in connection therewith, shall pay to (v) the Replaced Lender in respect thereof an amount equal to the sum (in the relevant currency or currencies) of (A) an amount equal to the principal of, and
all accrued interest on, all then outstanding Loans (including the Face Amount if any outstanding Bankers’ Acceptances and B/A Equivalent Notes) of the respective Replaced Lender under each Tranche with respect to which such Replaced Lender is
being replaced, (B) an amount equal to all Unpaid Drawings (if any) under each Tranche with respect to which the respective Replaced Lender is being replaced, in each case that have been funded by (and not reimbursed to) such Replaced Lender at
such time, together with all then unpaid interest with respect thereto at such time and (C) an amount equal to all accrued, but theretofore unpaid, Fees owing to the Replaced Lender (but only with 
  

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 respect to the relevant Tranche or Tranches, in the case of the replacement of less than all Tranches
then held by the respective Replaced Lender) pursuant to Section 3.01, (w) in the case of the replacement of any Dollar Facility Revolving Loan Commitment, the respective Issuing Lender amounts equal to such Replaced Lender’s Dollar
Facility RL Percentage of any Unpaid Drawings pursuant to Letters of Credit issued pursuant to the respective Tranche evidenced by such Commitments (which at such time remain Unpaid Drawings) with respect to Letters of Credit issued by such Issuing
Lender to the extent such amount was not theretofore funded by such Replaced Lender, (x) in the case of the replacement of any Euro Facility Revolving Loan Commitment, the respective Issuing Lender amounts equal to such Replaced Lender’s
Euro Facility RL Percentage of any Unpaid Drawings pursuant to Letters of Credit issued pursuant to the respective Tranche evidenced by such Commitments (which at such time remain Unpaid Drawings) with respect to Letters of Credit issued by such
Issuing Lender to the extent such amount was not theretofore funded by such Replaced Lender, (y) in the case of the replacement of any Canadian Facility Revolving Loan Commitment, the respective Issuing Lender amounts equal to such Replaced
Lender’s Canadian Facility RL Percentage of any Unpaid Drawings pursuant to Letters of Credit issued pursuant to the respective Tranche evidenced by such Commitments (which at such time remain Unpaid Drawings) with respect to Letters of Credit
issued by such Issuing Lender to the extent such amount was not theretofore funded by such Replaced Lender, and (z) in the case of any replacement of Dollar Facility Revolving Loan Commitments, the Swingline Lender an amount equal to such
Replaced Lender’s pro rata share of any Mandatory Dollar Facility Borrowing (determined in accordance with Sections 1.01(g) and 1.08) to the extent such amount was not theretofore funded by such Replaced Lender, without duplication;

 (ii) all obligations of the Borrowers owing to the Replaced Lender in respect of each Tranche where such Replaced Lender is
being replaced (other than those specifically described in clause (i) above in respect of which the assignment purchase price has been, or is concurrently being, paid) shall be paid in full to such Replaced Lender concurrently with such
replacement; 
 (iii) if the respective Replaced Lender has an Affiliate that is a Dollar Facility RL Lender, or if the
Replaced Lender is a Dollar Facility RL Lender which has an Affiliate that is a Lender, all of the actions specified above in this Section 1.14 shall be taken with respect to both the respective Lender and Dollar Facility RL Lender (who shall
be treated collectively as a Replaced Lender); 
 (iv) if the respective Replaced Lender has an Affiliate that is a Euro
Facility RL Lender, or if the Replaced Lender is a Euro Facility RL Lender which has an Affiliate that is a Lender, all of the actions specified above in this Section 1.14 shall be taken with respect to both the respective Lender and Euro
Facility RL Lender (who shall be treated collectively as a Replaced Lender); and 
 (v) if the respective Replaced Lender has
an Affiliate that is a Canadian Facility RL Lender, or if the Replaced Lender is a Canadian Facility RL Lender which has an Affiliate that is a Lender, all of the actions specified above in this Section 1.14 shall be taken with respect to both
the respective Lender and Canadian Currency Facility RL Lender (who shall be treated collectively as a Replaced Lender). 
  

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 Upon the execution of the respective Assignment and Assumption Agreement, the payment of amounts referred to in clauses
(i) and (ii) above, recordation of the assignment on the Register by the Administrative Agent pursuant to Section 13.17 and, if so requested by the Replacement Lender (when applicable), delivery to the Replacement Lender of the
appropriate Note or Notes executed by the respective Borrower, (x) the Replacement Lender shall become a Lender hereunder and, unless the respective Replaced Lender continues to have outstanding Term Loans or any Commitment hereunder, the
Replaced Lender shall cease to constitute a Lender hereunder, except with respect to indemnification provisions under this Agreement (including, without limitation, Sections 1.11, 1.12, 2.05, 4.04, 13.01 and 13.06), which shall survive as to such
Replaced Lender and (y) in the case of the replacement of any Dollar Facility Revolving Loan Commitment, Euro Facility Revolving Loan Commitment and/or Canadian Facility Revolving Loan Commitment, as the case may be, pursuant to this
Section 1.14, the Dollar Facility RL Percentages, the Euro Facility RL Percentages and/or the Canadian Facility RL Percentages, as the case may be, of the Lenders shall be automatically adjusted at such time to give effect to such replacement.
In connection with any replacement of Lenders pursuant to, and as contemplated by, this Section 1.14, each of the Canadian Borrower and the European Borrower hereby irrevocably authorizes the U.S. Borrower to take all necessary action, in the
name of the Canadian Borrower or the European Borrower, as the case may be, as described above in this Section 1.14 in order to effect the replacement of the respective Lender or Lenders in accordance with the preceding provisions of this
Section 1.14. 
 1.15 Provisions Regarding Bankers’ Acceptances, Drafts, etc. The parties hereto agree that the provisions
of Schedule III shall apply to all Bankers’ Acceptances, Bankers’ Acceptance Loans, Drafts and B/A Equivalent Notes created hereunder, and that the provisions of Schedule III shall be deemed incorporated by reference into this Agreement as
if such provisions were set forth in their entirety herein. 
 SECTION 2. Letters of Credit. 
 2.01 Letters of Credit. (a) Subject to and upon the terms and conditions herein set forth, a Borrower may request an Issuing Lender, at any
time and from time to time on and after the Initial Borrowing Date and prior to the fifth Business Day (or the 30th day in the case of Trade Letters of Credit) preceding the Maturity Date, to issue, (x) for the account of the U.S. Borrower (in
the case of requests made by it) or the account of the European Borrower (in the case of requests made by it) or the account of the Canadian Borrower (in the case of requests made by it) irrevocable standby letters of credit in a form customarily
used by such Issuing Lender or in such other form as has been approved by such Issuing Lender (each such standby letter of credit, a “Standby Letter of Credit”) and (y) for the account of the respective Account Party and for
the benefit of sellers of goods to the respective Account Party or any of its or their Subsidiaries in the ordinary course of business, irrevocable sight trade letters of credit in a form customarily used by such Issuing Lender or in such other form
as has been approved by such Issuing Lender (each such trade letter of credit, a “Trade Letter of Credit”, and each such Standby Letter of Credit and Trade Letter of Credit, a “Letter of Credit”). Each Letter of
Credit shall constitute (x) a Dollar Facility Letter of Credit, in which case such Letter of Credit shall be 
  

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 deemed to constitute a utilization of the Dollar Facility Revolving Loan Commitments and shall be participated in (as
more fully described in following Section 2.03(a)) by the Dollar Facility RL Lenders in accordance with their respective Dollar Facility RL Percentages, (y) a Euro Facility Letter of Credit, in which case such Letter of Credit shall be
deemed to constitute a utilization of the Euro Facility Revolving Loan Commitments and shall be participated in (as more fully described in following Section 2.03(a)) by the Euro Facility RL Lenders in accordance with their respective Euro
Facility RL Percentages or (z) a Canadian Facility Letter of Credit, in which case such Letter of Credit shall be deemed to constitute a utilization of the Canadian Facility Revolving Loan Commitments and shall be participated in (as more fully
described in following Section 2.03(a)) by the Canadian Facility RL Lenders in accordance with their respective Canadian Facility RL Percentages. All Dollar Facility Letters of Credit shall be denominated in Dollars and shall be issued for the
account of the U.S. Borrower. All Euro Facility Letters of Credit shall be denominated in an Applicable Currency and shall be issued for the account of the U.S. Borrower or the European Borrower, as specified in the respective Letter of Credit
Request. All Canadian Facility Letters of Credit shall be denominated in an Applicable Currency and shall be issued for the account of the U.S. Borrower or the Canadian Borrower, as specified in the respective Letter of Credit Request. Each Euro
Facility Letter of Credit shall constitute either a U.S. Borrower Euro Facility Letter of Credit or a European Borrower Euro Facility Letter of Credit. Each Canadian Facility Letter of Credit shall constitute either a U.S. Borrower Canadian Facility
Letter of Credit or a Canadian Borrower Canadian Facility Letter of Credit. The European Borrower shall have no liability under this Agreement with respect to any U.S. Borrower Euro Facility Letter of Credit which may be issued to the U.S. Borrower
and the Canadian Borrower shall have no liability under this Agreement with respect to any U.S. Borrower Canadian Facility Letter of Credit which may be issued to the U.S. Borrower. 
 (b) Subject to and upon the terms and conditions set forth herein, each Issuing Lender hereby agrees that it will, at any time and from time to time on
and after the Initial Borrowing Date and prior to the fifth Business Day (or the 30th day in the case of Trade Letters of Credit) preceding the Maturity Date, following its receipt of the respective Letter of Credit Request, issue for the account of
the respective Account Party one or more, (x) Trade Letters of Credit in support of trade obligations of the respective Account Party or any of its or their Subsidiaries that arise in the ordinary course of business or (y) Standby Letters
of Credit; provided that the respective Issuing Lender shall be under no obligation to (and, if the circumstances described in clause (ii) below then exist, shall not) issue any Letter of Credit if at the time of such issuance:

 (i) any order, judgment or decree of any governmental authority or arbitrator shall purport by its terms to enjoin or
restrain such Issuing Lender from issuing such Letter of Credit or any requirement of law applicable to such Issuing Lender or any request or directive (whether or not having the force of law) from any governmental authority with jurisdiction over
such Issuing Lender shall prohibit, or request that such Issuing Lender refrain from, the issuance of letters of credit generally or such Letter of Credit in particular or shall impose upon such Issuing Lender with respect to such Letter of Credit
any restriction or reserve or capital requirement (for which such Issuing Lender is not otherwise compensated) not in effect on the date hereof, or any unreimbursed loss, cost or expense which was not applicable, in effect or known to such Issuing
Lender as of the date hereof and which such Issuing Lender in good faith deems material to it; 
  

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 (ii) the issuance of such Letter of Credit would violate clause (viii) of
Section 2.01(c) or the last sentence of Section 2.02(b); or 
 (iii) a Lender Default exists with respect to any RL
Lender (which has a Commitment under the Tranche pursuant to which the respective Letter of Credit will be issued), unless the Issuing Lender has entered into arrangements satisfactory to it and the respective Account Party to eliminate such Issuing
Lender’s risk with respect to the Lender which is the subject of the Lender Default, including by cash collateralizing (in Dollars, Euros or Canadian Dollars, as appropriate) such Lender’s relevant Dollar Facility RL Percentage, Euro
Facility RL Percentage or Canadian Facility RL Percentage, as the case may be, of the Dollar Facility Letter of Credit Outstandings, the Euro Facility Letter of Credit Outstandings or the Canadian Facility Letter of Credit Outstandings, as the case
may be. 
 (c) Notwithstanding the foregoing, (i) no Letter of Credit shall be issued the Stated Amount of which, when added to the
Letter of Credit Outstandings (exclusive of Unpaid Drawings which are repaid on the date of, and prior to the issuance of, the respective Letter of Credit) at such time, would exceed $250,000,000, (ii) no Dollar Facility Letter of Credit shall
be issued at any time when the Aggregate Dollar Facility RL Exposure exceeds (or would after giving effect to such issuance exceed) the Total Dollar Facility Revolving Loan Commitment at such time, (iii) no Euro Facility Letter of Credit shall
be issued at any time when the Aggregate Euro Facility RL Exposure exceeds (or would after giving effect to such issuance exceed) the Total Euro Facility Revolving Loan Commitment at such time, (iv) no Canadian Facility Letter of Credit shall
be issued at any time when the Aggregate Canadian Facility RL Exposure exceeds (or would after giving effect to such issuance exceed) the Total Canadian Facility Revolving Loan Commitment at such time, (v) (a) each Standby Letter of Credit
shall by its terms terminate on or before the date which occurs 12 months after the date of the issuance thereof (although any such Standby Letter of Credit may be extendable for successive periods of up to 12 months, but not beyond the fifth
Business Day preceding the Maturity Date, on terms acceptable to the Issuing Lender thereof) and (b) each Trade Letter of Credit shall by its terms terminate on or before the date occurring not later than 180 days after such Trade Letter of
Credit’s date of issuance, (vi) (a) no Standby Letter of Credit shall have an expiry date occurring later than the fifth Business Day preceding the Maturity Date and (b) no Trade Letter of Credit shall have an expiry date
occurring later than 30 days prior to the Maturity Date, (vii) (a) each Dollar Facility Letter of Credit shall be denominated in Dollars, (b) each Euro Facility Letter of Credit shall be denominated in an Available Currency and
(c) each Canadian Facility Letter of Credit shall be denominated in an Available Currency and (viii) no Issuing Lender will issue any Letter of Credit after it has received written notice from any Credit Agreement Party or the Required
Lenders stating that a Default or an Event of Default exists until such time as such Issuing Lender shall have received a written notice of (a) rescission of such notice from the party or parties originally delivering the same or (b) a
waiver of such Default or Event of Default by the Required Lenders. 
 (d) Schedule IV contains a description of letters of credit that were
issued prior to the Initial Borrowing Date for the Account of the U.S. Borrower And certain of its Subsidiaries by the respective issuing lenders listed on Schedule IV and which remain outstanding on the Initial Borrowing Date (and setting forth,
with respect to each such letter of credit, (i) the name of the issuing lender, (ii) the letter of credit number, (iii) the name(s) of the account party or account parties, 
  

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 (iv) the stated amount, (v) the name of the beneficiary, (vi) the expiry date and (vii) whether such
letter of credit constitutes a Standby Letter of Credit or a Trade Letter of Credit). Each such letter of credit identified on Schedule IV as an “Existing Letter of Credit”, including any extension or renewal thereof in accordance with the
terms thereof and hereof (each, as amended from time to time in accordance with the terms thereof and hereof, an “Existing Letter of Credit”) shall constitute a “Dollar Facility Letter of Credit” for all purposes of this
Agreement and shall be deemed issued on the Initial Borrowing Date. 
 2.02 Letter of Credit Requests. (a) Whenever an Account
Party desires that a Letter of Credit be issued for its account, such Account Party shall give the Administrative Agent (at the appropriate Notice Office) and the respective Issuing Lender at least 3 days’ (or such shorter period as is
acceptable to such Issuing Lender in any given case) written notice (including by way of facsimile) prior to the proposed date of issuance (which shall be a Business Day). Each notice shall be in the form of Exhibit D (or in such other form as may
be reasonably acceptable to the respective Issuing Lender and the Administrative Agent) (each, a “Letter of Credit Request”), including, without limitation, by specifying (x) whether the requested Letter of Credit shall
constitute a Dollar Facility Letter of Credit, a Euro Facility Letter of Credit or a Canadian Facility Letter of Credit, (y) the Borrower that will be the respective Account Party and (z) the Available Currency in which the requested
Letter of Credit is to be denominated. Each Letter of Credit Request shall include any other documents as such Issuing Lender customarily requires in connection therewith. 
 (b) The making of each Letter of Credit Request shall be deemed to be a representation and warranty by the U.S. Borrower, the European Borrower or the
Canadian Borrower, as the case may be, that such Letter of Credit may be issued in accordance with, and will not violate the requirements of, Section 2.01(c). Unless the respective Issuing Lender has received notice from the Required Lenders
(which has not been rescinded or retracted by the Required Lenders) before it issues a Letter of Credit that one or more of the applicable conditions specified in Section 5A, 5B or 6, as the case may be, are not then satisfied, or that the
issuance of such Letter of Credit would violate Section 2.01(c), then such Issuing Lender may issue the requested Letter of Credit for the account of the respective Account Party in accordance with such Issuing Lender’s usual and customary
practices. 
 2.03 Letter of Credit Participations. (a) Immediately upon the issuance by any Issuing Lender of any Letter of
Credit, such Issuing Lender shall be deemed to have sold and transferred to (i) in the case of a Dollar Facility Letter of Credit, each Dollar Facility RL Lender, (ii) in the case of a Euro Facility Letter of Credit, each Euro Facility RL
Lender and (iii) in the case of a Canadian Facility Letter of Credit, each Canadian Facility RL Lender (each such Lender with respect to any Letter of Credit, in its capacity under this Section 2.03, a “L/C Participant”),
and each such L/C Participant shall be deemed irrevocably and unconditionally to have purchased and received from such Issuing Lender, without recourse or warranty, an undivided interest and participation, in a percentage equal to (x) in the
case of a Dollar Facility Letter of Credit, such L/C Participant’s Dollar Facility RL Percentage, (y) in the case of a Euro Facility Letter of Credit, such L/C Participant’s Euro Facility RL Percentage or (z) in the case of a
Canadian Facility Letter of Credit, such L/C Participant’s Canadian Facility RL Percentage, each Drawing made thereunder and the obligations of the respective Borrower under this Agreement with respect thereto (although Letter of Credit Fees
shall be payable directly to the 
  

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 Administrative Agent for the account of the Dollar Facility RL Lenders, Euro Facility RL Lenders or Canadian Facility RL
Lenders, as the case may be, as provided in Section 3.01(b) and the L/C Participants shall have no right to receive any portion of any Facing Fees with respect to any such Letters of Credit) and any security therefor or guaranty pertaining
thereto. Upon any change in (x) the Dollar Facility Revolving Loan Commitments and, as a result thereof the Dollar Facility RL Percentages, of the Dollar Facility RL Lenders pursuant to Sections 1.14 or 13.04, it is hereby agreed that, with
respect to all outstanding Dollar Facility Letters of Credit and Unpaid Drawings relating thereto, there shall be an automatic adjustment to the participations pursuant to this Section 2.03 to reflect the new Dollar Facility RL Percentages of
the Dollar Facility RL Lenders, (y) the Euro Facility Revolving Loan Commitments and, as a result thereof the Euro Facility RL Percentages, of the Euro Facility RL Lenders pursuant to Sections 1.14 or 13.04, it is hereby agreed that, with
respect to all outstanding Euro Facility Letters of Credit and Unpaid Drawings relating thereto, there shall be an automatic adjustment to the participations pursuant to this Section 2.03 to reflect the new Euro Facility RL Percentages of the
Euro Facility RL Lenders and (z) the Canadian Facility Revolving Loan Commitments and, as a result thereof the Canadian Facility RL Percentages, of the Canadian Facility RL Lenders pursuant to Sections 1.14 or 13.04, it is hereby agreed that
with respect to all outstanding Canadian Facility Letters of Credit and Unpaid Drawings relating thereto, there shall be an automatic adjustment to the participations pursuant to this Section 2.03 to reflect the new Canadian Facility RL
Percentages of the Canadian Facility RL Lenders. With respect to each Letter of Credit from time to time outstanding, the percentage participations therein of the various Dollar Facility RL Lenders (in the case of a Dollar Facility Letter of
Credit), the Euro Facility RL Lenders (in the case of a Euro Facility Letter of Credit) or Canadian Facility RL Lenders (in the case of a Canadian Facility Letter of Credit) calculated as provided above in this Section 2.03(a) are herein called
the “L/C Participation Percentages” of the various Dollar Facility RL Lenders, Euro Facility RL Lenders or Canadian Facility RL Lenders, as the case may be, in such Letters of Credit. All calculations of the L/C Participation
Percentages shall be made from time to time by the Administrative Agent, which calculations shall be conclusive absent manifest error. 
 (b)
In determining whether to pay under any Letter of Credit, the respective Issuing Lender shall have no obligation relative to the other Lenders other than to confirm that any documents required to be delivered under such Letter of Credit appear to
have been delivered and that they appear to substantially comply on their face with the requirements of such Letter of Credit. Any action taken or omitted to be taken by any Issuing Lender under or in connection with any Letter of Credit issued by
it if taken or omitted in the absence of gross negligence or willful misconduct (as determined by a court of competent jurisdiction in a final and non-appealable decision), shall not create for such Issuing Lender any resulting liability to any
Account Party or any Lender. 
 (c) In the event that any Issuing Lender makes any payment or disbursement under any Letter of Credit issued
by it and the respective Account Party shall not have reimbursed such amount in full to such Issuing Lender pursuant to Section 2.04(a), such Issuing Lender shall promptly notify the Administrative Agent, which shall promptly notify each L/C
Participant therein (i.e., (x) the Dollar Facility RL Lenders in the case of a Dollar Facility Letter of Credit, (y) the Euro Facility RL Lenders in the case of a Euro Facility Letter of Credit or (z) the Canadian Facility RL
Lenders in the case of a Canadian Facility Letter of Credit) of such 
  

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 failure, and each L/C Participant therein shall promptly and unconditionally pay to the Administrative Agent for the
account of such Issuing Lender the amount of such L/C Participant’s L/C Participation Percentage (as relates to the respective Letter of Credit) of the respective Unpaid Drawing (with the amount thereof and the currency in which same is owing
to be calculated in accordance with the provisions of Section 2.04(a)) in Dollars (or, to the extent the respective Unpaid Drawing is, in accordance with Section 2.04(a), to be reimbursed by the respective Account Party in Euros, in Euros
or, to the extent the respective Unpaid Drawing is, in accordance with Section 2.04(a), to be reimbursed by the respective Account Party in Canadian Dollars, in Canadian Dollars) and in same day funds. If the Administrative Agent so notifies,
prior to 11:00 A.M. (New York time) on any Business Day, any L/C Participant required to fund an Unpaid Drawing under a Letter of Credit, such L/C Participant shall make available to the Administrative Agent at the Payment Office for the account of
the respective Issuing Lender, in Dollars (or in Euros to the extent the respective Unpaid Drawing is required to be paid by the respective Account Party in Euros pursuant to the provisions of Section 2.04(a) or in Canadian Dollars to the
extent the respective Unpaid Drawing is required to be paid by the respective Account Party in Canadian Dollars pursuant to the provisions of Section 2.04(a)), such L/C Participant’s L/C Participation Percentage (as relates to the
respective Letter of Credit) of the amount of such payment on such Business Day in same day funds. If and to the extent that, for any reason, such L/C Participant shall not have made its L/C Participation Percentage of the amount of such payment
available to the Administrative Agent for the account of the respective Issuing Lender, such L/C Participant agrees to pay to the Administrative Agent for the account of such Issuing Lender, forthwith on demand such amount, together with interest
thereon, for each day from the date the respective Unpaid Drawing occurred until the date such amount is paid to the Administrative Agent for the account of such Issuing Lender at the overnight Federal Funds Rate (or, in the case of amounts owed in
Euros, at the Overnight Euro Rate or, in the case of amounts owed in Canadian Dollars, at the cost to the Administrative Agent of acquiring overnight funds in Canadian Dollars), provided that if any L/C Participant does not make available to
the Administrative Agent any amounts required to be made available by it as described above within 2 Business Days after the respective L/C Participant has been notified by the Administrative Agent or the respective Issuing Lender to make such
amounts available, then the respective L/C Participant shall pay interest on the amounts demanded of it at the same rates payable from time to time by the respective Account Party on the respective Unpaid Drawings pursuant to Section 2.04(a).
The failure of any L/C Participant to make available to the Administrative Agent for the account of the respective Issuing Lender its relevant L/C Participation Percentage of any payment under any Letter of Credit issued by it shall not relieve any
other L/C Participant in the respective Letter of Credit of its obligation hereunder to make available to the Administrative Agent for the account of such Issuing Lender its relevant L/C Participation Percentage of any such Letter of Credit on the
date required, as specified above, but no L/C Participant shall be responsible for the failure of any other L/C Participant to make available to the Administrative Agent for the account of such Issuing Lender such other L/C Participant’s
relevant L/C Participation Percentage of any such payment. 
 (d) Whenever any Issuing Lender receives a payment of a reimbursement
obligation as to which the Administrative Agent has received for the account of such Issuing Lender any payments from the L/C Participants pursuant to clause (c) above, such Issuing Lender shall pay to the Administrative Agent and the
Administrative Agent shall promptly pay each L/C Participant which has paid its relevant L/C Participation Percentage thereof, in Dollars 
  

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 (or in Euros in the case of payments to be made in Euros pursuant to Section 2.04(a) or in Canadian Dollars in the
case of payments to be made in Canadian Dollars pursuant to Section 2.04(a)) and in same day funds, an amount equal to such L/C Participant’s share (based on the proportionate aggregate amount funded by such L/C Participant to the
aggregate amount funded by all L/C Participants) of the principal amount of such reimbursement obligation and interest thereon accruing after the purchase of the respective participations. 
 (e) Each Issuing Lender shall, promptly after the issuance of, or amendment or modification to, a Standby Letter of Credit, give the Administrative Agent
and the respective Account Party written notice of such issuance, amendment or modification, as the case may be, and such notice shall be accompanied by a copy of such Standby Letter of Credit, such amendment or such modification, as the case may
be. Promptly upon receipt of such notice, the Administrative Agent shall notify each L/C Participant, in writing, of such issuance, amendment or modification and if any L/C Participant shall so request, the Administrative Agent shall furnish said
L/C Participant with a copy of such Standby Letter of Credit, such amendment or such modification, as the case may be. 
 (f) Each Issuing
Lender shall deliver to the Administrative Agent, promptly on the first Business Day of each week, by facsimile transmission, the aggregate daily Stated Amount available to be drawn under the outstanding Trade Letters of Credit issued by such
Issuing Lender for the previous week. 
 (g) The obligations of the L/C Participants to make payments to the Administrative Agent for the
account of the respective Issuing Lender with respect to Letters of Credit issued by it shall be irrevocable and not subject to counterclaim, set-off or other defense or any other qualification or exception whatsoever and shall be made in accordance
with the terms and conditions of this Agreement under all circumstances, including, without limitation, any of the following circumstances: 
 (i) any lack of validity or enforceability of this Agreement or any of the Credit Documents; 
 (ii) the existence of any claim, setoff, defense or other right which any Credit Party or any of its Subsidiaries may have at any time against a beneficiary named in a Letter of Credit, any transferee of any Letter of Credit (or any Person
for whom any such transferee may be acting), any Agent, any Lender, any Issuing Lender, any L/C Participant, or any other Person, whether in connection with this Agreement, any Letter of Credit, the transactions contemplated herein or any unrelated
transactions (including any underlying transaction between any Credit Party or any of its Subsidiaries and the beneficiary named in any such Letter of Credit); 
 (iii) any draft, certificate or any other document presented under any Letter of Credit proving to be forged, fraudulent, invalid or
insufficient in any respect or any statement therein being untrue or inaccurate in any respect; 
 (iv) the surrender or
impairment of any security for the performance or observance of any of the terms of any of the Credit Documents; or 
  

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 (v) the occurrence of any Default or Event of Default. 
 Any action taken or omitted to be taken by any Issuing Lender under or in connection with any Letter of Credit shall not create for such Issuing Lender any resulting
liability to the L/C Participants or any other Person unless such action is taken or omitted to be taken with gross negligence or willful misconduct (as determined by a court of competent jurisdiction in a final and non-appealable decision).

 2.04 Agreement to Repay Letter of Credit Drawings. (a) Each of the U.S. Borrower, the European Borrower and the Canadian
Borrower hereby agrees (in the case of Letters of Credit for which it is the Account Party), to reimburse the respective Issuing Lender, by making payment in Dollars (in the case of all Dollar Denominated Letters of Credit), Euros (in the case of
Euro Denominated Letters of Credit) or Canadian Dollars (in the case of Canadian Dollar Denominated Letters of Credit), as the case may be, to the Administrative Agent in immediately available funds at the Payment Office (or by making the payment
directly to such Issuing Lender at such location as may otherwise have been agreed upon by the respective Account Party and such Issuing Lender), for any payment or disbursement made by such Issuing Lender under any Letter of Credit issued by it
(each such amount so paid until reimbursed, an “Unpaid Drawing”), not later than the third Business Day after the Administrative Agent or the Issuing Lender notifies the respective Borrower of such payment or disbursement, with
interest on the amount so paid or disbursed by such Issuing Lender, to the extent not reimbursed prior to 1:00 P.M. (New York time), on the date of such payment or disbursement, from and including the date paid or disbursed to but excluding the date
such Issuing Lender is reimbursed by the U.S. Borrower, the European Borrower or the Canadian Borrower, as the case may be, therefor at a rate per annum which shall be (x) in the case of Dollar Denominated Letters of Credit, the
Base Rate in effect from time to time plus the Applicable Margin for Euro Facility Revolving Loans (in the case of Euro Facility Letters of Credit) or Dollar Facility Revolving Loans (in the case of Dollar Facility Letters of Credit) in each
case maintained as Base Rate Loans, as in effect from time to time, (y) in the case of Euro Denominated Letters of Credit, the Overnight Euro Rate in effect from time to time plus the Applicable Margin for Euro Denominated Revolving
Loans as in effect from time to time plus any Mandatory Costs and (z) in the case of Canadian Dollar Denominated Letters of Credit, the Canadian Prime Rate in effect from time to time plus the Applicable Margin for Canadian
Facility Revolving Loans as in effect from time to time, provided, however, to the extent such amounts are not reimbursed prior to 1:00 P.M. (New York time) on the third Business Day following notice to the respective Account Party by
the Administrative Agent or the respective Issuing Lender of such payment or disbursement, interest shall thereafter accrue on the amounts so paid or disbursed by such Issuing Lender (and until reimbursed by the respective Account Party) at a rate
per annum which shall be (x) in the case of Dollar Denominated Letters of Credit, the Base Rate in effect from time to time plus the Applicable Margin for Euro Facility Revolving Loans (in the case of Euro Facility Letters of Credit) or
Dollar Facility Revolving Loans (in the case of Dollar Facility Letters of Credit) in each case maintained as Base Rate Loans, as in effect from time to time plus 2%, (y) in the case of Euro Denominated Letters of Credit, the Overnight
Euro Rate in effect from time to time plus the Applicable Margin for Euro Denominated Revolving Loans as in effect from time to time plus any Mandatory Costs plus 2%, and (z) in the case of Canadian Dollar Denominated
Letters of Credit, the Canadian Prime Rate in effect from time to time plus the Applicable Margin for Canadian Facility Revolving Loans as in effect from time to time plus 2%, in each such case, 
  

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 with interest to be payable on demand, provided further, that it is understood and agreed, however, that the
notices referred to above in this clause (a) and in the immediately preceding proviso shall not be required to be given if a Default or an Event of Default under Section 10.05 shall have occurred and be continuing (in which case the Unpaid
Drawings shall be due and payable immediately without presentment, demand, protest or notice of any kind (all of which are hereby waived by each Credit Party) and shall bear interest at the rate provided in the foregoing proviso on and after the
third Business Day following the respective Drawing). The respective Issuing Lender shall give the respective Account Party prompt notice of each Drawing under any Letter of Credit, provided that the failure to give, or any delay in giving,
any such notice shall in no way affect, impair or diminish the respective Account Party’s obligations under this Agreement. 
 (b) The
obligations of the U.S. Borrower (with respect to U.S. Borrower Letters of Credit), the obligations of the European Borrower (with respect to European Borrower Letters of Credit) and the obligations of the Canadian Borrower (with respect to Canadian
Borrower Letters of Credit) under this Section 2.04 to reimburse the respective Issuing Lender with respect to Unpaid Drawings (including, in each case, interest thereon) shall be absolute and unconditional under any and all circumstances and
irrespective of any setoff, counterclaim or defense to payment which the respective Account Party may have or have had against any Lender (including in its capacity as Issuing Lender or as L/C Participant), including, without limitation, any defense
based upon the failure of any drawing under a Letter of Credit (each, a “Drawing”) to conform to the terms of such Letter of Credit or any nonapplication or misapplication by the beneficiary of the proceeds of such Drawing, the
respective Issuing Lender’s only obligation to the respective Account Party being to confirm that any documents required to be delivered under such Letter of Credit appear to have been delivered and that they appear to substantially comply on
their face with requirements of such Letter of Credit; provided, however, that the respective Issuing Lender shall not be excused from liability for direct damages (as opposed to consequential damages, claims in respect of which are
hereby waived by the Borrowers to the maximum extent permitted by applicable law) of the respective Borrower caused by any wrongful payment made by such Issuing Lender under a Letter of Credit issued by it as a result of deliberate acts or omissions
constituting willful misconduct or gross negligence on the part of such Issuing Lender (as determined by a court of competent jurisdiction in a final and non-appealable decision). Any action taken or omitted to be taken by any Issuing Lender under
or in connection with any Letter of Credit shall not create for such Issuing Lender any resulting liability to any Account Party unless such action is taken or admitted to be taken with gross negligence or willful misconduct (as determined by a
court of competent jurisdiction in a final and non-appealable decision). 
 2.05 Increased Costs of Issuing Lender and L/C
Participants. If after the Effective Date, any Issuing Lender or any L/C Participant determines in good faith that the adoption or effectiveness after the Effective Date of any applicable law, rule or regulation, order, guideline or request or
any change therein, or any change after the Effective Date in the interpretation or administration thereof by any governmental authority, central bank or comparable agency charged with the interpretation or administration thereof, or compliance by
any Issuing Lender or any L/C Participant with any request or directive (whether or not having the force of law) by any such authority, central bank or comparable agency shall either (i) impose, modify or make applicable any reserve, deposit,
capital adequacy or similar requirement 
  

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 against Letters of Credit issued by such Issuing Lender or such L/C Participant’s participation therein, or
(ii) impose on any Issuing Lender or any L/C Participant any other conditions directly or indirectly affecting this Agreement, any Letter of Credit or such L/C Participant’s participation therein; and the result of any of the foregoing is
to increase the cost to such Issuing Lender or such L/C Participant of issuing, maintaining or participating in any Letter of Credit, or to reduce the amount of any sum received or receivable by such Issuing Lender or such L/C Participant hereunder
or reduce the rate of return on its capital with respect to Letters of Credit, then, upon written demand to the U.S. Borrower, the European Borrower or the Canadian Borrower, as the case may be, by such Issuing Lender or such L/C Participant (a copy
of which notice shall be sent by such Issuing Lender or such L/C Participant to the Administrative Agent), accompanied by the certificate described in the last sentence of this Section 2.05, the U.S. Borrower, the European Borrower or the
Canadian Borrower, as the case may be, shall, subject to the provisions of Section 13.21, pay to such Issuing Lender or such L/C Participant the amount necessary to cover such increased cost or reduction. A certificate submitted to the relevant
Borrower by such Issuing Lender or such L/C Participant, as the case may be (a copy of which certificate shall be sent by such Issuing Lender or such L/C Participant to the Administrative Agent), setting forth in reasonable detail the basis for the
determination of such additional amount or amounts necessary to compensate such Issuing Lender or such L/C Participant as aforesaid shall be final and conclusive and binding on such Borrower absent manifest error, although the failure to deliver any
such certificate shall not release or diminish such Borrower’s obligations to pay additional amounts pursuant to this Section 2.05 upon subsequent receipt of such certificate. 
 SECTION 3. Fees; Commitments. 
 3.01
Fees. (a) (x) The U.S. Borrower agrees to pay to the Administrative Agent for distribution to each Non-Defaulting Lender with a Dollar Facility Revolving Loan Commitment a commitment commission, in Dollars, for the period from the
Effective Date to but excluding the Maturity Date (or such earlier date as the Total Dollar Facility Revolving Loan Commitment shall have been terminated), computed at a rate equal to the Applicable Commitment Fee Percentage per annum on the daily
average Unutilized Dollar Facility Revolving Loan Commitment of such Non-Defaulting Lender as in effect from time to time, (y) the U.S. Borrower and the European Borrower jointly and severally agree to pay to the Administrative Agent for
distribution to each Non-Defaulting Lender with a Euro Facility Revolving Loan Commitment a commitment commission, in Dollars, for the period from the Effective Date to but excluding the Maturity Date (or such earlier date as the Total Euro Facility
Revolving Loan Commitment shall have been terminated), computed at a rate equal to the Applicable Commitment Fee Percentage per annum on the daily average Unutilized Euro Facility Revolving Loan Commitment of such Non-Defaulting Lender as in effect
from time to time and (z) the U.S. Borrower and the Canadian Borrower jointly and severally agree to pay to the Administrative Agent for distribution to each Non-Defaulting Lender with a Canadian Facility Revolving Loan Commitment a commitment
commission, in Dollars, for the period from the Effective Date to but excluding the Maturity Date (or such earlier date as the Total Canadian Facility Revolving Loan Commitment shall have been terminated), computed at a rate equal to the Applicable
Commitment Fee Percentage per annum on the daily average Unutilized Canadian Facility Revolving Loan Commitment of such Non-Defaulting Lender as in effect from time to time (with the commitment commissions payable as described in this clause
(a) each 
  

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 being herein referred to as a “RL Commitment Commission”). Accrued RL Commitment Commissions shall be
due and payable, in Dollars, quarterly in arrears on each Quarterly Payment Date and on the Maturity Date or (i) in the case of RL Commitment Commission payable pursuant to preceding clause (x), such earlier date upon which the Total Dollar
Facility Revolving Loan Commitment is terminated, (ii) in the case of RL Commitment Commission payable pursuant to preceding clause (y), such earlier date upon which the Total Euro Facility Revolving Loan Commitment is terminated and
(iii) in the case of RL Commitment Commission payable pursuant to preceding clause (z), such earlier date upon which the Total Canadian Facility Revolving Loan Commitment is terminated. 
 (b) (v) The U.S. Borrower agrees to pay to the Administrative Agent for distribution to each Dollar Facility RL Lender in Dollars a fee in respect
of each Dollar Facility Letter of Credit issued hereunder, (w) the U.S. Borrower agrees to pay to the Administrative Agent for distribution to each Euro Facility RL Lender in Dollars (in the case of each U.S. Borrower Euro Facility Letter of
Credit denominated in Dollars) or in Euros (in the case of each U.S. Borrower Euro Facility Letter of Credit denominated in Euros) a fee in respect of each U.S. Borrower Euro Facility Letter of Credit issued hereunder, (x) the European Borrower
agrees to pay to the Administrative Agent for distribution to each Euro Facility RL Lender in Dollars (in the case of each European Borrower Euro Facility Letter of Credit denominated in Dollars) or in Euros (in the case of each European Borrower
Euro Facility Letter of Credit denominated in Euros) a fee in respect of each European Borrower Euro Facility Letter of Credit issued hereunder, (y) the U.S. Borrower agrees to pay to the Administrative Agent for distribution to each Canadian
Facility RL Lender in Dollars a fee in respect of each U.S. Borrower Canadian Facility Letter of Credit issued hereunder and (z) the Canadian Borrower agrees to pay to the Administrative Agent for distribution to each Canadian Facility RL
Lender in Dollars (in the case of each Canadian Borrower Canadian Facility Letter of Credit denominated in Dollars) or in Canadian Dollars (in the case of each Canadian Borrower Canadian Facility Letter of Credit denominated in Canadian Dollars) a
fee in respect of each Canadian Borrower Canadian Facility Letter of Credit issued hereunder (with all fees payable as described in this clause (b) being herein referred to as “Letter of Credit Fees”), in each case, for the
period from and including the date of issuance of such Letter of Credit through the termination of such Letter of Credit, computed at a rate per annum equal to the Applicable Margin for Euro Rate Loans, as in effect from time to time, on
(i) the daily Stated Amount of such Letter of Credit (in the case of a Dollar Denominated Letter of Credit), (ii) the daily Euro L/C Stated Amount of such Letter of Credit (in the case of a Euro Denominated Letter of Credit) and
(iii) the daily Canadian Dollar L/C Stated Amount of such Letter of Credit (in the case of a Canadian Dollar Denominated Letter of Credit). Accrued Letter of Credit Fees shall be due and payable quarterly in arrears on each Quarterly Payment
Date and, in the case of Letter of Credit Fees owing pursuant to preceding clause (v), on the first day on or after the termination of the Total Dollar Facility Revolving Loan Commitment upon which no Dollar Facility Letters of Credit remain
outstanding and, in the case of Letter of Credit Fees payable pursuant to preceding clauses (w) and (x), on the first day on or after the termination of the Total Euro Facility Revolving Loan Commitment upon which no Euro Facility Letters of
Credit remain outstanding and, in the case of Letter of Credit Fees payable pursuant to preceding clauses (y) and (z), on the first day on or after the termination of the Total Canadian Facility Revolving Loan Commitment upon which no Canadian
Facility Letters of Credit remain outstanding. 
  

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 (c) Each Account Party agrees to pay to the respective Issuing Lender, for its own account, in Dollars
(in the case of each Dollar Denominated Letter of Credit), in Euros (in the case of Euro Denominated Letters of Credit) or in Canadian Dollars (in the case of Canadian Dollar Denominated Letters of Credit), a facing fee in respect of each Letter of
Credit issued hereunder (the “Facing Fee”) for the period from and including the date of issuance of such Letter of Credit to and including the termination or expiration of such Letter of Credit, computed at a rate equal to 1/10 of
1% per annum of (x) the daily Stated Amount of such Letter of Credit (in the case of a Dollar Denominated Letter of Credit), (y) the daily Euro L/C Stated Amount of such Letter of Credit (in the case of a Euro Denominated Letter of
Credit) and (z) the daily Canadian Dollar L/C Stated Amount of such Letter of Credit (in the case of a Canadian Dollar Denominated Letter of Credit), provided that in no event shall the annual Facing Fee with respect to any Letter of
Credit be less than the Minimum Applicable Facing Fee; it being agreed that on the date of issuance of any Letter of Credit and on each anniversary thereof prior to the termination of such Letter of Credit, if the Minimum Applicable Facing Fee will
exceed the amount of Facing Fees that would accrue with respect to such Letter of Credit for the immediately succeeding 12-month period, the full Minimum Applicable Facing Fee shall be payable on the date of issuance of such Letter of Credit and on
each such anniversary thereof prior to the termination of such Letter of Credit. Except as provided in the immediately preceding sentence, accrued Facing Fees shall be due and payable quarterly in arrears on each Quarterly Payment Date and upon the
first day on or after the termination of the Total Revolving Loan Commitment upon which no Letters of Credit remain outstanding. 
 (d) The
respective Account Party agrees to pay to the respective Issuing Lender, in Dollars, for its own account, upon each payment under, issuance of, or amendment to, any Letter of Credit, such amount as shall at the time of such event be the
administrative charge which such Issuing Lender is customarily charging for issuances of, payments under or amendments of, Letters of Credit issued by it. 
 (e) The U.S. Borrower agrees to pay to the Administrative Agent for distribution to each Non-Defaulting Lender with a Term Loan Commitment a commitment commission, in Dollars, for the period from the Effective Date to
but excluding the Delayed Borrowing Date (or such earlier date as the Total Term Loan Commitment shall have been terminated), computed at a rate per annum equal to (x) for the period from the Effective Date to and including January 31,
2007, the Applicable Commitment Fee Percentage and (y) for the period from and after February 1, 2007, the Applicable Margin for Euro Rate Loans, in each case on the daily average Term Loan Commitment of such Non-Defaulting Lender as in
effect from time to time (with the commitment commission payable as described in this clause (e) being herein referred to as “TL Commitment Commission”). Accrued TL Commitment Commission shall be due and payable, in Dollars,
quarterly in arrears on each Quarterly Payment Date and on the Delayed Borrowing Date or such earlier date upon which the Total Term Loan Commitment is terminated. 
 (f) The Drawing Fees shall be paid by the Canadian Borrower at the time of the incurrence of each Bankers’ Acceptance Loan, which payment shall be made by deducting the Drawing Fees in calculating the B/A
Discount Proceeds pursuant to clause (ii) of the definition of “B/A Discount Proceeds” contained herein. 
  

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 (g) Each Borrower agrees to pay to the Administrative Agent, for its own account, such other fees as have
been agreed to in writing by such Borrower and the Administrative Agent. 
 (h) Except as expressly provided elsewhere herein, all
computations of Fees shall be made in accordance with Section 13.07(b). 
 3.02 Voluntary Termination or Reduction of
Commitments. (a) Upon at least three Business Days’ prior notice from an Authorized Officer of the U.S. Borrower to the Administrative Agent at its Notice Office (which notice the Administrative Agent shall promptly transmit to each of
the Lenders), the U.S. Borrower shall have the right, at any time or from time to time, without premium or penalty, to terminate the Total Commitment at such time, in whole or in part, in aggregate minimum amounts of at least $1,000,000 in the case
of partial reductions, with the amount of each reduction pursuant to this Section 3.02(a) to apply to reduce the Total Term Loan Commitment, the Total Dollar Facility Revolving Loan Commitment, the Total Euro Facility Revolving Loan Commitment
and/or the Total Canadian Facility Revolving Loan Commitment, as may be elected by the U.S. Borrower, provided that no such reduction shall be permitted to be made pursuant to this Section 3.02(a) if the effect thereof is to cause
(x) the Aggregate Dollar Facility RL Exposure to exceed the Total Dollar Facility Revolving Loan Commitment after giving effect to the reduction thereto pursuant to this Section 3.02(a), (y) the Aggregate Euro Facility RL Exposure to
exceed the Total Euro Facility Revolving Loan Commitment after giving effect to the reduction thereto pursuant to this Section 3.02(a) or (z) the Aggregate Canadian Facility RL Exposure to exceed the Total Canadian Facility Revolving Loan
Commitment after giving effect to the reduction thereto pursuant to this Section 3.02(a). Each reduction to (w) the Total Term Loan Commitment pursuant to this Section 3.02(a) shall apply to proportionately and permanently reduce the
Term Loan Commitment of each Lender with such a Commitment (based on their respective TL Commitment Percentages), (x) the Total Dollar Facility Revolving Loan Commitment pursuant to this Section 3.02(a) shall apply to proportionately and
permanently reduce the Dollar Facility Revolving Loan Commitment of each Dollar Facility RL Lender (based on their respective Dollar Facility RL Percentages), (y) the Total Euro Facility Revolving Loan Commitment pursuant to this
Section 3.02(a) shall apply to proportionally and permanently reduce the Euro Facility Revolving Loan Commitment of each Euro Facility RL Lender (based on their respective Euro Facility RL Percentages) and (z) the Total Canadian Facility
Revolving Loan Commitment pursuant to this Section 3.02(a) shall apply to proportionally and permanently reduce the Canadian Facility Revolving Loan Commitment of each Canadian Facility RL Lender (based on their respective Canadian Facility RL
Percentages). 
 (b) In the event of certain refusals by a Lender as provided in Section 4.01 or 13.12(b) to consent to certain proposed
changes, waivers, discharges or terminations with respect to this Agreement which have been approved by the Required Lenders, the U.S. Borrower may, subject to the applicable requirements of said Sections 4.01 and/or 13.12(b), upon five Business
Days’ prior written notice to the Administrative Agent at its Notice Office (which notice the Administrative Agent shall promptly transmit to each of the Lenders) terminate the Term Loan Commitment, if any, the Dollar Facility Revolving Loan
Commitment, if any, the Euro Facility Revolving Loan Commitment, if any, and/or the Canadian Facility Revolving Loan Commitment, if any, of such Lender, so long as (x) all Loans, together with accrued and unpaid 
  

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 interest, Fees and all other amounts, owing to such Lender (excluding amounts owing in respect of Loans of any Tranche
maintained by such Lender which are not being repaid pursuant to Section 13.12(b)) are repaid concurrently with the effectiveness of such termination (at which time Schedule I shall be deemed modified to reflect such changed amounts) and
(y) after giving effect to such termination (and the adjustments to the Dollar Facility RL Percentages, Euro Facility RL Percentages, Canadian Facility RL Percentages and/or related L/C Participation Percentages of the remaining Lenders as
contemplated below), none of the Individual Dollar Facility RL Exposure, the Individual Euro Facility RL Exposure or the Individual Canadian Facility RL Exposure of any remaining Lender shall exceed its Dollar Facility Revolving Loan Commitment,
Euro Facility Revolving Loan Commitment or Canadian Facility Revolving Loan Commitment, as the case may be. After giving effect to the termination of the Commitments of any Lender pursuant to the provisions of this Section 3.02(b), unless the
respective Lender continues to have outstanding Term Loans or other Commitments (if any) hereunder, such Lender shall no longer constitute a “Lender” for purposes of this Agreement, except with respect to indemnifications under this
Agreement (including, without limitation, Sections 1.11, 1.12, 2.05, 4.04, 13.01 and 13.06), which shall survive as to such repaid Lender. In cases where the Dollar Facility Revolving Loan Commitment, the Euro Facility Revolving Loan Commitment
and/or the Canadian Facility Revolving Loan Commitment of any Lender is terminated pursuant to this Section 3.02(b), except in cases where the respective Commitments are replaced in full, after giving effect to the termination of any such
Commitments of a given Lender pursuant to this Section 3.02(b), there shall occur automatic adjustments (as determined by the Administrative Agent) in the Dollar Facility RL Percentages, Euro Facility RL Percentages and/or the Canadian Facility
RL Percentages, as the case may be (and as a result thereof in the related L/C Participation Percentages) of the remaining Dollar Facility RL Lenders, Euro Facility RL Lenders and/or Canadian Facility RL Lenders, as the case may be, after giving
effect to the modifications to the Dollar Facility RL Percentages, Euro Facility RL Percentages and Canadian Facility RL Percentages of the various remaining Lenders as a result of the termination of the Dollar Facility Revolving Loan Commitment,
Euro Facility Revolving Loan Commitment and/or Canadian Facility Revolving Loan Commitment, as the case may be, of the respective Replaced Lender. 
 (c) In connection with any reduction or termination of the Total Revolving Loan Commitment, the Dollar Facility Revolving Loan Commitment, the Euro Facility Revolving Loan Commitment and/or the Canadian Facility Revolving Loan Commitment of
any Lender pursuant to this Section 3.02 and Section 3.03, as the case may be, each of the European Borrower and the Canadian Borrower hereby irrevocably authorizes the U.S. Borrower to take all necessary action, in the name of the
European Borrower or the Canadian Borrower, as the case may be, as described in this Section 3.02 or Section 3.03 in order to effect the reduction or termination of the Total Revolving Loan Commitment, the Dollar Facility Revolving Loan
Commitment, the Euro Facility Revolving Loan Commitment and/or the Canadian Facility Revolving Loan Commitment of such Lender in accordance with the provisions of this Section 3.02 or Section 3.03, as the case may be. 
 3.03 Mandatory Reduction of Commitments. (a) The Total Term Loan Commitment (and the Term Loan Commitment of each Lender with such a
Commitment, if any) shall terminate in its entirety on the earliest to occur of (i) the date, if any, on which the Contingent Note is fully cancelled (without the requirement of any payment thereunder) in accordance with its terms and
(ii) the Delayed Borrowing Date (after giving effect to the making of Term Loans on such date). 
  

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 (b) In addition to any other mandatory commitment reductions pursuant to this Section 3.03, the
Total Revolving Loan Commitment (and the Dollar Facility Revolving Loan Commitment, Euro Facility Revolving Loan Commitment and Canadian Facility Revolving Loan Commitment of each Lender with such a Commitment) shall terminate in its entirety on the
Maturity Date. 
 (c) Each reduction to the Total Term Loan Commitment, the Total Dollar Facility Revolving Loan Commitment, the Total Euro
Facility Revolving Loan Commitment and the Total Canadian Facility Revolving Loan Commitment pursuant to this Section 3.03 as provided above (or pursuant to Section 4.02) shall be applied proportionately to reduce the Term Loan Commitment,
the Dollar Facility Revolving Loan Commitment, the Euro Facility Revolving Loan Commitment or the Canadian Facility Revolving Loan Commitment, as the case may be, of each Lender with such a Commitment. 
 SECTION 4. Prepayments; Repayments; Taxes. 
 4.01 Voluntary Prepayments. Each Borrower shall have the right to prepay the Loans made to such Borrower, without premium or penalty except as otherwise provided in this Agreement, and the right to allocate such prepayments to Term
Loans, Revolving Loans and/or Swingline Loans as such Borrower elects, in whole or in part, at any time and from time to time on, and subject to, the following terms and conditions: 
 (i) an Authorized Officer of such Borrower shall give the Administrative Agent at its Notice Office written notice (or telephonic notice
promptly confirmed in writing) of its intent to prepay the Loans, whether such Loans are Term Loans, Dollar Facility Revolving Loans, U.S. Borrower Euro Facility Revolving Loans, European Borrower Euro Facility Revolving Loans, U.S. Borrower
Canadian Facility Revolving Loans, Canadian Borrower Canadian Facility Revolving Loans and/or Swingline Loans, the amount and currency (or currencies) of the Loans to be prepaid, the Types of Loans to be repaid and, in the case of Euro Rate Loans
and/or Bankers’ Acceptance Loans, the specific Borrowing or Borrowings pursuant to which made, which notice shall be given by the Authorized Officer of such Borrower (x) prior to 3:00 P.M. (New York time) at least one Business Day prior to
the date of such prepayment in the case of Loans maintained as Base Rate Loans (other than Swingline Loans) or Canadian Prime Rate Loans, (y) the date of such prepayment in the case of Swingline Loans, provided such notice is given prior to
10:00 A.M. (New York time) and (z) prior to 10:00 A.M. (New York time) at least three Business Days (or one Business Day if the date of such prepayment is the last day of an Interest Period as determined pursuant to Section 1.10) prior to
the date of such prepayment in the case of Euro Rate Loans and/or Bankers’ Acceptance Loans and shall, except in the case of Swingline Loans, be promptly transmitted by the Administrative Agent to each of the Lenders; 
 (ii) each partial prepayment applied to any Tranche of Loans shall be in an aggregate principal amount of at least $1,000,000 (taking the
Dollar Equivalent of any 
  

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 amounts to be prepaid in Euros or Canadian Dollars) (or the applicable Minimum Borrowing Amount in the
case of Swingline Loans), provided that (x) if any partial prepayment of Eurodollar Loans made pursuant to any Borrowing shall reduce the outstanding Eurodollar Loans made pursuant to such Borrowing to an amount less than the Minimum
Borrowing Amount applicable thereto, then such Borrowing may not be continued as a Borrowing of Eurodollar Loans beyond the Interest Period applicable thereto and any election of an Interest Period with respect thereto given by such Borrower shall
have no force or effect and (y) in the case of partial prepayments of any Borrowing of Euro Denominated Loans, such Borrower shall use reasonable efforts to allocate such prepayments in a manner so that Borrowings do not remain outstanding in
amounts less than the Minimum Borrowing Amount applicable thereto (and, to the extent such Borrowings would remain outstanding in amounts which are less than the Minimum Borrowing Amount applicable thereto, such Borrower shall repay any Borrowings
which are less than the Minimum Borrowing Amount applicable thereto at the end of the then current Interest Period); 
 (iii)
at the time of any prepayment of Euro Rate Loans pursuant to this Section 4.01 on any date other than the last day of the Interest Period applicable thereto, such Borrower shall pay the amounts required pursuant to Section 1.12;

 (iv) in the event of certain refusals by a Lender as provided in Section 13.12(b) to consent to certain proposed
changes, waivers, discharges or terminations with respect to this Agreement which have been approved by the Required Lenders, such Borrower may, upon five Business Days’ written notice by an Authorized Officer of such Borrower to the
Administrative Agent at its Notice Office (which notice the Administrative Agent shall promptly transmit to each of the Lenders), repay all Loans and pay all accrued and unpaid interest, Fees, and other amounts, in each case owing to such Lender
(or, at the U.S. Borrower’s option, owing to such Lender with respect to each Tranche which gave rise to the need to obtain such Lender’s individual consent) in accordance with, and subject to the requirements of, said
Section 13.12(b) so long as (A) in the case of the repayment of Dollar Facility Revolving Loans of any Lender pursuant to this clause (iv), the Dollar Facility Revolving Loan Commitment of such Lender is terminated concurrently with such
repayment (at which time Schedule I shall be deemed modified to reflect the changed Dollar Facility Revolving Loan Commitments), (B) in the case of the repayment of Euro Facility Revolving Loans of any Lender pursuant to this clause (iv), the
Euro Facility Revolving Loan Commitment of such Lender is terminated concurrently with such repayment (at which time Schedule I shall be deemed modified to reflect the changed Euro Facility Revolving Loan Commitments), (C) in the case of the
repayment of Canadian Facility Revolving Loans of any Lender pursuant to this clause (iv), the Canadian Facility Revolving Loan Commitment of such Lender is terminated concurrently with such repayment (at which time Schedule I shall be deemed
modified to reflect the changed Canadian Facility Revolving Loan Commitments) and (D) the consents required by Section 13.12(b) in connection with the repayment pursuant to this clause (vi) have been obtained; 
  

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 (v) prepayments of Bankers’ Acceptance Loans may not be made prior to the maturity
date of the respective underlying Bankers’ Acceptances or B/A Equivalent Notes, as the case may be; and 
 (vi) no
Borrower shall have the right under this Section 4.01 to prepay any principal amount of any Competitive Bid Loans. 
 4.02 Mandatory
Repayments and Commitment Reductions. (a) (i) If on any date the Aggregate Dollar Facility RL Exposure exceeds the Total Dollar Facility Revolving Loan Commitment as then in effect, the U.S. Borrower shall prepay on such date the
principal of outstanding Swingline Loans and/or the principal of outstanding Dollar Facility Revolving Loans in an amount equal to such excess. If, after giving effect to the prepayment of all outstanding Swingline Loans and Dollar Facility
Revolving Loans, the aggregate amount of the Dollar Facility Letter of Credit Outstandings exceeds the Total Dollar Facility Revolving Loan Commitment as then in effect, the U.S. Borrower agrees to pay to the Administrative Agent at the Payment
Office on such date an amount of cash or Cash Equivalents (in Dollars) equal to the amount of such excess (up to a maximum amount equal to the sum of (x) the principal amount of all outstanding Competitive Bid Loans plus (y) the
Dollar Facility Letter of Credit Outstandings at such time), such cash or Cash Equivalents to be held as security for all Obligations of the U.S. Borrower hereunder in a cash collateral account to be established by the Administrative Agent;
provided that any cash or Cash Equivalents provided pursuant to this Section 4.02(a)(i) shall be applied first, to any Obligations of the U.S. Borrower owing to the Lenders with Dollar Facility Revolving Loan Commitments (or
related outstanding Obligations hereunder) and second, to all other Obligations of the U.S. Borrower hereunder. 
 (ii) If on any date
the Aggregate Euro Facility RL Exposure exceeds the Total Euro Facility Revolving Loan Commitment as then in effect, the U.S. Borrower shall prepay on such date the principal of outstanding U.S. Borrower Euro Facility Revolving Loans, and/or the
European Borrower shall prepay on such date the principal of outstanding European Borrower Dollar Facility Revolving Loans, in an amount (in the relevant Applicable Currency) equal to such excess (with such repayment of Euro Facility Revolving Loans
to be allocated among U.S. Borrower Euro Facility Revolving Loans and European Borrower Euro Facility Revolving Loans as the Borrowers may elect). If, after giving effect to the prepayment of all outstanding Euro Facility Revolving Loans, the
aggregate amount of the Euro Facility Letter of Credit Outstandings exceeds the Total Euro Facility Revolving Loan Commitment as then in effect, the U.S. Borrower agrees (as to U.S. Borrower Euro Facility Letters of Credit), and the European
Borrower agrees (as to European Borrower Euro Facility Letters of Credit), to pay to the Administrative Agent at the appropriate Payment Office on such date an amount of cash or Cash Equivalents (in the relevant Applicable Currency) equal to the
amount of such excess (up to a maximum amount equal to (x) in the case of the U.S. Borrower, the Euro Facility Letter of Credit Outstandings with respect to U.S. Borrower Euro Facility Letters of Credit at such time and (y) in the case of
the European Borrower, the Euro Facility Letter of Credit Outstandings with respect to European Borrower Euro Facility Letters of Credit at such time), such cash or Cash Equivalents to be held as security for all Obligations of the U.S. Borrower or
the European Borrower, as the case may be, hereunder in a cash collateral account to be established by the Administrative Agent; provided that any cash or Cash Equivalents provided pursuant to this Section 4.02(a)(ii) shall be applied
first, to any Obligations of the U.S. Borrower or the European 
  

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 Borrower owing to the Lenders with Euro Facility Revolving Loan Commitments (or related outstanding Obligations
hereunder) and second, to all other Obligations of the U.S. Borrower or the European Borrower hereunder. 
 (iii) If on any date the
Aggregate Canadian Facility RL Exposure exceeds the Total Canadian Facility Revolving Loan Commitment as then in effect, the U.S. Borrower shall prepay on such date the principal of outstanding U.S. Borrower Canadian Facility Revolving Loans, and/or
the Canadian Borrower shall prepay on such date the principal of outstanding Canadian Borrower Canadian Facility Revolving Loans (other than Bankers’ Acceptance Loans where the underlying Bankers’ Acceptances or B/A Equivalent Notes, as
the case may be, have not matured), in an amount (in the relevant Applicable Currency) equal to such excess (with such repayment of Canadian Facility Revolving Loans to be allocated among U.S. Borrower Canadian Facility Revolving Loans and Canadian
Borrower Canadian Facility Revolving Loans as the Borrowers may elect). If, after giving effect to the prepayment of all outstanding Canadian Facility Revolving Loans (other than Bankers’ Acceptance Loans where the underlying Bankers’
Acceptances or B/A Equivalent Notes, as the case may be, have not matured), the sum of (x) the Face Amount of outstanding Canadian Facility Revolving Loans maintained as Bankers’ Acceptance Loans (for this purpose, using the Dollar
Equivalent of the Face Amounts thereof) plus (y) the aggregate amount of the Canadian Facility Letter of Credit Outstandings, exceeds the Total Canadian Facility Revolving Loan Commitment as then in effect, the Canadian Borrower agrees
to pay to the Administrative Agent at the Payment Office on such date an amount of cash or Cash Equivalents (in the relevant Applicable Currency) equal to the amount of such excess (up to a maximum amount equal to the Face Amount of outstanding
Canadian Borrower Canadian Facility Revolving Loans maintained as Bankers’ Acceptance Loans at such time), such cash or Cash Equivalents to be held as security for all obligations of the Canadian Borrower to the Canadian Facility RL Lenders in
respect of an equivalent Face Amount of outstanding Bankers’ Acceptances accepted, and outstanding B/A Equivalent Notes held, by the Canadian Facility RL Lenders and which shall be paid to and applied by the Canadian Facility RL Lenders, in
satisfaction of the obligations of the Canadian Borrower, to the Canadian Facility RL Lenders in respect of such Bankers’ Acceptances and B/A Equivalent Notes, on the respective maturity dates thereof. If, after giving effect to the prepayment
of outstanding Canadian Facility Revolving Loans and the cash collateralization of the obligations of the Canadian Borrower in respect of outstanding Canadian Facility Revolving Loans maintained as Bankers’ Acceptance Loans as contemplated by
the preceding two sentences, the aggregate amount of the Canadian Facility Letter of Credit Outstandings exceeds the Total Canadian Facility Revolving Loan Commitment as then in effect (for such purposes, determined as if all outstanding Canadian
Facility Revolving Loans maintained as Bankers’ Acceptance Loans had been repaid in full), the U.S. Borrower agrees (as to U.S. Borrower Canadian Facility Letters of Credit) and the Canadian Borrower agrees (as to Canadian Borrower Canadian
Facility Letters of Credit) to pay to the Administrative Agent at the Payment Office on such date an amount of cash or Cash Equivalents (in the relevant Applicable Currency) equal to the amount of such excess (up to a maximum amount equal to
(x) in the case of the U.S. Borrower, the Canadian Facility Letter of Credit Outstandings with respect to U.S. Borrower Canadian Facility Letters of Credit and (y) in the case of the Canadian Borrower, the Canadian Facility Letter of
Credit Outstandings with respect to Canadian Borrower Canadian Facility Letters of Credit), such cash or Cash Equivalents to be held as security for all Obligations of the U.S. Borrower or the Canadian Borrower hereunder, as the case may be, in a
cash collateral account to be established by the Administrative Agent; 
  

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 provided that any cash or Cash Equivalents provided pursuant to this Section 4.02(a)(ii) shall be applied
first, to any Obligations of the U.S. Borrower or the Canadian Borrower owing to the Lenders with Canadian Facility Revolving Loan Commitments (or related outstanding Obligations hereunder) and second, to all other Obligations of the U.S. Borrower
or the Canadian Borrower hereunder. 
 (b) [RESERVED] 
 (c) With respect to each repayment of Loans required by this Section 4.02, the U.S. Borrower may designate the Types of Loans of the respective Tranche which are to be repaid and, in the case of Euro Rate Loans,
the specific Borrowing or Borrowings of the respective Tranche pursuant to which such Euro Rate Loans were made, provided that: (i) repayments of Euro Rate Loans pursuant to this Section 4.02 may only be made on the last day of an
Interest Period applicable thereto unless all Euro Rate Loans of the respective Tranche with Interest Periods ending on such date of required repayment and all Base Rate Loans of the respective Tranche have been paid in full; (ii) if any
repayment of Euro Rate Loans made pursuant to a single Borrowing shall reduce the outstanding Euro Rate Loans made pursuant to such Borrowing to an amount less than the Minimum Borrowing Amount applicable thereto, then (x) any such Borrowing of
Eurodollar Loans shall be automatically converted into a Borrowing of Base Rate Loans on the last day of the Interest Period applicable thereto and (y) such repayment of Euro Rate Loans (other than Eurodollar Loans) with respect to such
Borrowing shall not be required to be made until the last day of the Interest Period applicable to such Borrowing; and (iii) each repayment of any Loans made pursuant to a Borrowing shall be applied pro rata among such Loans. In
the absence of a designation by the U.S. Borrower as described in the preceding sentence, the Administrative Agent shall, subject to the above, make such designation in its sole discretion. 
 (d) In addition to any other mandatory repayments pursuant to this Section 4.02, (i) all then outstanding Loans of a respective Tranche shall
be repaid in full on the Maturity Date for such Tranche of Loans, (ii) on the maturity date specified pursuant to Section 1.04(a) with respect to each Competitive Bid Loan, the U.S. Borrower shall repay such Competitive Bid Loan to the
applicable Bidder Lender or Bidder Lenders and (iii) notwithstanding anything to the contrary contained herein, all Competitive Bid Loans shall be repaid in full on the Maturity Date unless paid in full prior to such date. 
 (e) Notwithstanding anything to the contrary contained above, all payments owing with respect to each Tranche pursuant to this Section 4.02 shall be
made in the respective currency or currencies in which the respective obligations are owing in accordance with the terms of this Agreement. For purposes of making calculations pursuant to this Section 4.02, the Administrative Agent shall be
entitled to use the Dollar Equivalent, Euro Equivalent or Canadian Dollar Equivalent, as the case may be, of any such amounts required to be converted into other currencies for purposes of making determinations pursuant to this Section 4.02.

 4.03 Method and Place of Payment. Except as otherwise specifically provided herein, all payments under this Agreement or any Note
shall be made to the Administrative Agent for the account of the Lender or Lenders entitled thereto not later than 2:00 P.M. (New York time) on the date when due and shall be made in (x) Dollars in immediately available funds 
  

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 at the Payment Office of the Administrative Agent in respect of any obligation of the Borrowers under this Agreement
except as otherwise provided in the immediately following clauses (y) and (z), (y) Euros in immediately available funds at the Payment Office of the Administrative Agent, if such payment is made in respect of (i) principal of or
interest on Euro Denominated Loans, (ii) Letter of Credit Fees, Facing Fees and Unpaid Drawings (and interest thereon) in respect of Euro Denominated Letters of Credit or (iii) any increased costs, indemnities or other amounts owing with
respect to Euro Denominated Loans (or Commitments relating thereto) or Euro Denominated Letters of Credit, in the case of this clause (iii) to the extent the respective Lender or Issuing Lender which is charging same denominates the amounts
owing in Euros and (z) Canadian Dollars in immediately available funds at the Payment Office of the Administrative Agent, if such payment is made in respect of (i) principal of, or Face Amount of, or interest on Canadian Dollar Denominated
Loans, (ii) Letter of Credit Fees, Facing Fees and Unpaid Drawings (and interest thereon) in respect of Canadian Dollar Denominated Letters of Credit or (iii) any increased costs, indemnities or other amounts owing with respect to Canadian
Dollar Denominated Loans (or Commitments relating thereto) or Canadian Dollar Denominated Letters of Credit, in the case of this clause (iii) to the extent the respective Lender or Issuing Lender which is charging same denominates the amounts
owing in Canadian Dollars. The Administrative Agent will thereafter cause to be distributed on the same day (if payment was actually received by the Administrative Agent prior to 2:00 P.M. (New York time or the time of the applicable Payment Office)
like funds relating to the payment of principal, interest or Fees ratably to the Lenders entitled thereto. Any payments under this Agreement which are made later than 2:00 P.M. (New York time or the time of the applicable Payment Office) shall be
deemed to have been made on the next succeeding Business Day. Whenever any payment to be made hereunder or under any Note shall be stated to be due on a day which is not a Business Day, the due date thereof shall be extended to the next succeeding
Business Day and, with respect to payments of principal, interest shall be payable at the applicable rate during such extension. 
 4.04
Net Payments. (a) All payments made by any Credit Party under any Credit Document (including, in the case of the U.S. Borrower, in its capacity as a guarantor pursuant to Section 14) or under any Note will be made without setoff,
counterclaim or other defense. Except as provided in Section 4.04(b), all such payments will be made free and clear of, and without deduction or withholding for, any present or future taxes, levies, imposts, duties, fees, assessments or other
charges of whatever nature now or hereafter imposed by any jurisdiction or by any political subdivision or taxing authority thereof or therein with respect to such payments (but excluding (i) any tax imposed on or measured by the net income of
the Administrative Agent or a Lender pursuant to the laws of the jurisdiction in which it is organized or the jurisdiction in which the principal office or applicable lending office of such Lender is located or any subdivision thereof or therein,
(ii) solely with respect to payments made by the Canadian Borrower to a Canadian Facility RL Lender, any tax imposed on or measured by the capital of such Canadian Facility RL Lender pursuant to the laws of Canada or a province thereof and
(iii) any branch profits taxes imposed by the United States or any similar tax imposed by any other jurisdiction) and all interest, penalties or similar liabilities with respect thereto (all such non-excluded taxes, levies, imposts, duties,
fees, assessments or other charges being referred to collectively as “Taxes”). If any Taxes are so levied or imposed, the respective Borrower (and any other Credit Party making the payment) agrees to pay the full amount of such Taxes, and
such additional amounts as may be necessary so that every payment of all amounts due under 
  

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 this Agreement or under any Note, after withholding or deduction for or on account of any Taxes, will not be less than
the amount provided for herein or in such Note. If any amounts are payable in respect of Taxes pursuant to the preceding sentence, then the respective Borrower (and any other Credit Party making the payment) shall be obligated to reimburse each
Lender, upon the written request of such Lender, for any withholding of taxes as such Lender shall determine are payable by, or withheld from, such Lender in respect of such amounts so paid to or on behalf of such Lender pursuant to the preceding
sentence and in respect of any amounts paid to or on behalf of such Lender pursuant to this sentence, the respective Borrower (or Credit Party) will furnish to the Administrative Agent within 45 days after the date of the payment of any Taxes due
pursuant to applicable law certified copies of tax receipts evidencing such payment by such Borrower (or the respective other Credit Party). The Borrowers jointly and severally agree (and each Subsidiary Guarantor pursuant to the Subsidiaries
Guaranty, and the incorporation by reference therein of the provisions of this Section 4.04, shall agree) to indemnify and hold harmless each Lender, and reimburse such Lender upon its written request, for the amount of any Taxes so levied or
imposed and paid by such Lender. 
 (b) Each Lender that is not a United States person (as such term is defined in Section 7701(a)(30)
of the Code) agrees to deliver to the U.S. Borrower and the Administrative Agent on or prior to the Effective Date, or in the case of a Lender that is an assignee or transferee of an interest under this Agreement pursuant to Section 13.04
(unless the respective Lender was already a Lender hereunder immediately prior to such assignment or transfer), on the date of such assignment or transfer to such Lender, (i) two accurate and complete original signed copies of Internal Revenue
Service Form W-8ECI or Form W-8BEN (with respect to a complete exemption under an income tax treaty) (or successor forms) certifying to such Lender’s entitlement as of such date to a complete exemption from United States withholding tax with
respect to payments to be made under this Agreement and under any Note, or (ii) if the Lender is not a “bank” within the meaning of Section 881(c)(3)(A) of the Code and cannot deliver either Internal Revenue Service Form W-8ECI
or Form W-8BEN (with respect to a complete exemption under an income tax treaty) pursuant to clause (i) above, (x) a certificate substantially in the form of Exhibit E (any such certificate, a “Section 4.04(b)(ii)
Certificate”) and (y) two accurate and complete original signed copies of Internal Revenue Service Form W-8BEN (with respect to the portfolio interest exemption) (or successor form) certifying to such Lender’s entitlement as of
such date to a complete exemption from United States withholding tax with respect to payments of interest to be made under this Agreement and under any Note. In addition, each such Lender agrees that from time to time after the Effective Date, when
a lapse in time or change in circumstances renders the previous certification obsolete or inaccurate in any material respect, it will deliver to the U.S. Borrower and the Administrative Agent two new accurate and complete original signed copies of
Internal Revenue Service Form W-8ECI, Form W-8BEN (with respect to the benefits of any income tax treaty), or Form W-8BEN (with respect to the portfolio interest exemption) and a Section 4.04(b)(ii) Certificate, as the case may be, and such
other forms as may be required in order to confirm or establish the entitlement of such Lender to a continued exemption from or reduction in United States withholding tax with respect to payments under this Agreement and any Note, or it shall
immediately notify the U.S. Borrower and the Administrative Agent of its inability to deliver any such Form or Certificate, in which case such Lender shall not be required to deliver any such Form or Certificate pursuant to this
Section 4.04(b). Notwithstanding anything to the contrary contained in Section 4.04(a), but subject to Section 13.04(b) and Section 4.04(d), (x) the U.S. Borrower shall be entitled, to the 
  

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 extent it is required to do so by law, to deduct or withhold income or similar taxes imposed by the United States (or any
political subdivision or taxing authority thereof or therein) from interest, fees or other amounts payable by the U.S. Borrower hereunder for the account of any Lender which is not a United States person (as such term is defined in
Section 7701(a)(30) of the Code) for U.S. Federal income tax purposes to the extent that such Lender has not provided to the U.S. Borrower U.S. Internal Revenue Service Forms that establish a complete exemption from such deduction or
withholding and (y) the U.S. Borrower shall not be obligated pursuant to Section 4.04(a) hereof to gross-up payments to be made to a Lender in respect of income or similar taxes imposed by the United States if (I) such Lender has not
provided to the U.S. Borrower the Internal Revenue Service Forms required to be provided to the U.S. Borrower pursuant to this Section 4.04(b) or (II) in the case of a payment, other than interest, to a Lender described in clause
(ii) above, to the extent that such forms do not establish a complete exemption from withholding of such taxes. 
 (c) Notwithstanding
anything to the contrary contained elsewhere in this Section 4.04 and except as set forth in Section 13.04(b), each Borrower agrees to pay additional amounts and to indemnify each Lender in the manner set forth in Section 4.04(a)
(without regard to the identity of the jurisdiction requiring the deduction or withholding) in respect of any amounts deducted or withheld by it as described in Section 4.04(b) as a result of any changes after the Effective Date in any
applicable law, treaty, governmental rule, regulation, guideline or order, or in the interpretation thereof, relating to the deducting or withholding of income or similar taxes. 
 (d) Each Canadian Facility RL Lender providing Canadian Facility Revolving Loan Commitments shall have delivered to the Canadian Borrower and the
Administrative Agent such certificates, forms, documents or other evidence as may be applicable and determined by the Canadian Borrower, acting reasonably, to be reasonably satisfactory to establish that such Lender is a Canadian Resident on the
date that the conditions precedent in Section 5B have been satisfied with respect to the Canadian Borrower (it being acknowledged that a representation by such Person that it is a Canadian Resident shall be deemed to be reasonably satisfactory
evidence thereof if such representation is accompanied by an explanation of the basis for such status); provided that no Canadian Facility RL Lender which received an assignment of its respective Canadian Facility Revolving Loan Commitment at
a time that an Event of Default had occurred and was continuing shall be required to comply with the requirements of this Section 4.04(d). 
 (e) Notwithstanding the provisions of this Section 4.04, unless an Event of Default shall have occurred and be continuing at the time of the assignment of the respective Canadian Facility Revolving Loan Commitment (or related
outstanding Obligations of the Canadian Borrower hereunder) to a Person not a Canadian Resident, no amounts shall be payable pursuant to this Section 4.04 in respect of any payment made by the Canadian Borrower in respect of a Canadian Borrower
Canadian Facility Revolving Loan, or Canadian Borrower Canadian Facility Letter of Credit, to a Lender that is not a Canadian Resident at the time of the payment. 
 (f) Each Canadian Facility RL Lender that ceases to be a Canadian Resident shall use commercially reasonable efforts to promptly (and in any event within 30 days thereof) notify the Canadian Borrower in writing that
it is not a Canadian Resident. 
  

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 (g) If a Lender determines, in its sole discretion, that it has actually received a refund of any Taxes
as to which it has been indemnified by any Borrower or with respect to which any Borrower has paid additional amounts pursuant to this Section 4.04 or Section 13.01(iii) (a “Tax Benefit”), it shall pay over such refund to
such Borrower (but only to the extent of indemnity payments made, or additional amounts paid, by such Borrower under this Section 4.04 or Section 13.01(iii)), net of taxes and all reasonable out-of-pocket expenses of such Lender and
without interest (other than any interest paid by the relevant Governmental Authority with respect to such refund); provided that such Borrower, upon the request of such Lender, agrees to repay the amount paid over to such Borrower
(plus any interest or other charges imposed by the relevant Governmental Authority) to such Lender in the event such Lender is required to repay such refund to such Governmental Authority; provided that, (i) any Lender may
determine, in its sole discretion consistent with the policies of such Lender, whether to seek a Tax Benefit; (ii) any Taxes that are imposed on a Lender as a result of a disallowance or reduction (including through the expiration of any tax
credit carryover or carryback of such Lender that otherwise would not have expired) of any Tax Benefit with respect to which such Lender has made a payment to any Borrower pursuant to this Section 4.04(g) shall be treated as a Tax for which
such Borrower is obligated to indemnify such Lender pursuant to this Section 4.04 without any exclusions or defenses; (iii) nothing in this Section 4.04(g) shall require the Lender to disclose any confidential information to any
Borrower (including, without limitation, its tax returns), and (iv) no Lender shall be required to pay any amounts pursuant to this Section 4.04(g) at any time which a Default or Event of Default exists. 
 SECTION 5. Conditions Precedent. 
 SECTION 5A Conditions Precedent to Credit Events on the Initial Borrowing Date. The obligation of each Lender to make each Loan and the obligation of each Issuing Lender to issue each Letter of Credit on the Initial Borrowing Date is
subject to the satisfaction (or waiver by the Administrative Agent and the Required Lenders) of the following conditions: 
 5A.01
Execution of Agreement; Notes. On or prior to the Initial Borrowing Date, (i) the Effective Date shall have occurred and (ii) there shall have been delivered to the Administrative Agent for the account of each Lender which has
requested the same the appropriate Term Note, Dollar Facility Revolving Note, U.S. Borrower Euro Facility Revolving Note, and/or U.S. Borrower Canadian Facility Revolving Note, and to the Swingline Lender, if so requested by it, the Swingline Note,
in each case executed by the relevant Borrower and in the amount, maturity and as otherwise provided herein. 
 5A.02 Officer’s
Certificate. On the Initial Borrowing Date, the Administrative Agent shall have received a certificate from the U.S. Borrower in the form of Exhibit G-1, dated such date and signed by an Authorized Officer of the U.S. Borrower, certifying that
all of the applicable conditions set forth in Sections 5A.05, 5A.06 and Section 6.01 (other than such conditions that are expressly subject to the satisfaction of the Administrative Agent and/or the Required Lenders), have been satisfied on
such date. 
 5A.03 Opinions of Counsel. On the Initial Borrowing Date, the Administrative Agent shall have received (i) from
Sidley Austin LLP, special counsel to the Credit Parties, an opinion addressed to the Administrative Agent and each of the Lenders and dated the Initial 
  

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 Borrowing Date substantially in the form of Exhibit F and (ii) from local counsel to the Credit Parties (or internal
counsel to the respective Credit Parties) reasonably satisfactory to the Administrative Agent practicing in those jurisdictions in which Subsidiary Guarantors are organized, such opinions as the Administrative Agent may reasonably request, which
opinions (x) shall be addressed to the Administrative Agent and each of the Lenders and be dated the Initial Borrowing Date, (y) shall cover such matters incident to the transactions contemplated herein as the Administrative Agent may
reasonably request and (z) shall be in form and substance reasonably satisfactory to the Administrative Agent. 
 5A.04 Company
Documents; Proceedings. (a) On the Initial Borrowing Date, the Administrative Agent shall have received from each Credit Party a certificate, dated the Initial Borrowing Date, signed by the secretary, any assistant secretary or other senior
officer of such Credit Party and attested to by the chairman, a vice-chairman, the president or any vice-president of such Credit Party, in the form of Exhibit G-2 with appropriate insertions, together with copies of the certificate of
incorporation, by-laws or equivalent organizational documents of such Credit Party and the resolutions of such Credit Party referred to in such certificate, and all of the foregoing (including each such certificate of incorporation, by-laws or other
organizational document) shall be reasonably satisfactory to the Administrative Agent. 
 (b) The Administrative Agent shall have received
all information and copies of all certificates, documents and papers, including good standing certificates, bring-down certificates and any other records of Company proceedings and governmental approvals, if any, which the Administrative Agent
reasonably may have requested in connection therewith, such documents and papers, where appropriate, to be certified by proper Company or governmental authorities. 
 5A.05 Approvals. On or prior to the Initial Borrowing Date, all consents and approvals required to be obtained from any Governmental Authority or other Person in connection with the Transaction shall have been
obtained and shall be in full force and effect, and all applicable waiting periods and appeal periods (including any extensions thereof) shall have expired and there shall be no governmental or judicial action, actual or threatened, that could
reasonably be expected to restrain, prevent or impose burdensome conditions upon the consummation of the Transaction. 
 5A.06
Consummation of the Transaction. (a) On or prior to the Initial Borrowing Date, (i) there shall have been delivered to the Administrative Agent true and correct copies of the Plan of Reorganization, the Disclosure Statement and the
Reorganization Documents, (ii) the Confirmation Order shall have become a Final Order except as provided in Schedule XI hereto, and (iii) all conditions precedent to the confirmation of the Plan of Reorganization and the “effective
date” (or similar term) of the Plan of Reorganization (other than the Final Order condition set forth in Section 12.2(a) of the Plan in connection with any matter set forth in, and subject to the conditions specified in, Schedule XI
hereto) shall have been satisfied (and not waived without the consent of the Administrative Agent and the Required Lenders) to the reasonable satisfaction of the Administrative Agent and the Required Lenders and the “effective date” of the
Plan of Reorganization shall have occurred. 
  

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 (b) On the Initial Borrowing Date, after giving effect to the Plan Emergence on such date: 
 (i) the total commitments in respect of the Indebtedness to be Refinanced shall have been terminated, all letters of credit issued
thereunder shall have been terminated or supported by a back-stop Letter of Credit issued hereunder, and all loans, interest and other amounts owing pursuant to the Indebtedness to be Refinanced shall have been repaid or otherwise satisfied in full,
in each case in accordance with the terms of the Plan of Reorganization, and all documents in respect of the Indebtedness to be Refinanced and all guarantees with respect thereto shall have been terminated and be of no further force and effect;

 (ii) the Administrative Agent shall have received evidence (x) of the release of any security interests in and Liens
on the assets owned by the U.S. Borrower and its Subsidiaries from the creditors in respect of the Indebtedness to be Refinanced (including, without limitation, proper termination statements (Form UCC-3 or the appropriate equivalent) for filing
under the UCC of each jurisdiction where a financing statement (Form UCC-1 or the appropriate equivalent) was filed with respect to the U.S. Borrower or any of its Subsidiaries in connection with the security interests created with respect to the
Indebtedness to be Refinanced and the documentation related thereto, all of which shall be in form, scope and substance reasonably satisfactory to the Administrative Agent, and (y) that all collateral owned by the U.S. Borrower or any of its
Subsidiaries in the possession of any of the creditors in respect of the Indebtedness to be Refinanced or any collateral agent or trustee under any related security document shall have been returned to the U.S. Borrower or such Subsidiary; and

 (iii) the Administrative Agent shall have received evidence in form, scope and substance reasonably satisfactory to it that
the matters set forth in this Section 5A.06(b) have been satisfied on such date. 
 (c) On the Initial Borrowing Date and after giving
effect to the Plan Emergence and all Indebtedness incurred on the Initial Borrowing Date, neither the U.S. Borrower nor any of its Subsidiaries shall have any Indebtedness outstanding, except for (i) the Obligations, (ii) the Assumed
Liabilities, (iii) Indebtedness permitted pursuant to Section 9.04(xi) and (iv) any Indebtedness evidenced by New Senior Notes so long as permitted pursuant to Section 9.04(i). On and as of the Initial Borrowing Date, the
Administrative Agent and the Required Lenders shall be satisfied with the amount of and the terms and conditions of all Scheduled Existing Indebtedness and Assumed Liabilities. 
 5A.07 Solvency Certificates. On or before the Initial Borrowing Date, the Administrative Agent shall have received a solvency certificate in the
form of Exhibit H from the chief financial officer of the U.S. Borrower, dated the Initial Borrowing Date, and supporting the conclusion that, after giving effect to the Transaction and the incurrence of all financings contemplated herein, the U.S.
Borrower (on a stand-alone basis)and the U.S. Borrower and its Subsidiaries (on a consolidated basis) in each case, are not insolvent and will not be rendered insolvent by the indebtedness incurred in connection herewith, will not be left with
unreasonably small capital with which to engage in its or their respective businesses and will not have incurred debts beyond its or their ability to pay such debts as they mature and become due. 
  

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 5A.08 Financial Statements; Pro Forma Balance Sheet; Projections. (a) On or prior to the
Initial Borrowing Date, there shall have been delivered to the Administrative Agent (i) true and correct copies of the financial statements referred to in Section 7.05(a)(i) and (ii) an unaudited pro forma (calculated as if the
Transaction had occurred on such date) consolidated balance sheet of the U.S. Borrower and its Subsidiaries as of the last day of the last Fiscal Quarter ended at least 45 days before the Initial Borrowing Date (the “Pro Forma Balance
Sheet”). 
 (b) On or prior to the Initial Borrowing Date, there shall have been delivered to the Administrative Agent detailed
projected consolidated financial statements of the U.S. Borrower and its Subsidiaries for each Fiscal Year ended after the Initial Borrowing Date through (and including) the Fiscal Year ending December 31, 2008 (including, with respect to the
Fiscal Year ending December 31, 2006, for each Fiscal Quarter comprising such Fiscal Year) (the “Projections”), which Projections (x) shall reflect the forecasted consolidated financial conditions and income and expenses
of the U.S. Borrower and its Subsidiaries after giving effect to the Transaction and the related financing thereof and the other transactions contemplated hereby and (y) shall be reasonably satisfactory in form and substance to the
Administrative Agent and the Required Lenders. 
 5A.09 Payment of Fees. On the Initial Borrowing Date, all costs, fees and expenses,
and all other compensation due to the Administrative Agent and the Lenders (including, without limitation, legal fees and expenses) shall have been paid to the extent then due. 
 5A.10 Consent Letter. On the Initial Borrowing Date, the Administrative Agent shall have received a letter from CT Corporation System, presently
located at 111 Eighth Avenue, New York, New York, 10011, substantially in the form of Exhibit I, indicating its consent to its appointment by the U.S. Borrower as its agent to receive service of process as specified in Section 13.08.

 5A.11 Subsidiaries Guaranty; Intercompany Subordination Agreement. (a) On the Initial Borrowing Date, each
(x) Wholly-Owned Domestic Subsidiary of the U.S. Borrower that is a Material Subsidiary and (y) Domestic Subsidiary of the U.S. Borrower, any portion of the Equity Interests of which are subject to a Lien securing the obligations of the
U.S. Borrower under the Contingent Note (each, a “Pledged Subsidiary”) on such date after giving effect to the Transaction, shall have, in each case, duly authorized, executed and delivered the Subsidiaries Guaranty in the form of
Exhibit J (as amended, modified and/or supplemented from time to time, the “Subsidiaries Guaranty”), and the Subsidiaries Guaranty shall be in full force and effect. 
 (b) On the Initial Borrowing Date, each Borrower and each other Subsidiary of the U.S. Borrower which the U.S. Borrower has determined to make a party
thereto at such time shall have duly authorized, executed and delivered the Intercompany Subordination Agreement in the form of Exhibit K hereto (as amended, modified, restated and/or supplemented from time to time, the “Intercompany
Subordination Agreement”), and the Intercompany Subordination Agreement shall be in full force and effect. 
  

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 SECTION 5B Conditions Precedent for Subsidiary Borrowers. At any time that the U.S. Borrower
desires that a Wholly-Owned Subsidiary of the U.S. Borrower organized under the laws of Canada or a province thereof or the laws of the Netherlands become the Canadian Borrower or the European Borrower, respectively, hereunder, such Subsidiary shall
satisfy the following conditions, after which it shall become the Canadian Borrower or the European Borrower, as the case may be: 
 (i) the consent of the Administrative Agent shall have been obtained (which consent shall not be unreasonably withheld); 
 (ii) to the extent requested by any Lender, such Subsidiary shall have executed and delivered Notes satisfying the requirements of Section 1.06(b); 
 (iii) such Subsidiary shall have executed, together with each other Credit Party, and delivered to the Administrative Agent a Subsidiary
Borrower Assumption Agreement; 
 (iv) the Administrative Agent shall have received (x) in the case of the Canadian
Borrower, from McMillan Binch Mendelsohn, LLP, special Canadian counsel to the Canadian Borrower, an opinion addressed to the Administrative Agent and each of the Lenders in form and substance reasonably satisfactory to the Administrative Agent and
(y) in the case of the European Borrower, from Houthoff Buruma N.V., special Netherlands Counsel to the European Borrower, an opinion to the Administrative Agent and each of the Lenders in form and substance reasonably satisfactory to the
Administrative Agent; 
 (v) the Administrative Agent shall have received from such Subsidiary all of the documents,
certificates, papers, records and other information that would have been required to have been delivered by such Subsidiary pursuant to Section 5A.04 on the Initial Borrowing Date if such Subsidiary had been a Credit Party on the Initial
Borrowing Date and, if such Subsidiary was a Credit Party on the Initial Borrowing Date, updated copies of such documents, certificates, papers, records and other information, in each case to the extent requested by the Administrative Agent;

 (vi) all necessary governmental (domestic and foreign), regulatory and third party approvals and/or consents in connection
with this Agreement and the other Credit Documents and otherwise referred to herein or therein, in each case with respect to such Borrower, shall have been obtained and remain in full force and effect and evidence thereof shall have been provided to
the Administrative Agent; 
 (vii) the Administrative Agent shall have received a letter from CT Corporation System, presently
located at 111 Eighth Avenue, New York, New York, 10011, substantially in the form of Exhibit I, indicating its consent to its appointment by such Subsidiary as its agent to receive service of process as specified in Section 13.08; and

  

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 (viii) unless the respective addition occurs on the Initial Borrowing Date, each Lender
shall have received at least 5 Business Days’ written notice of the addition of the respective Canadian Borrower or European Borrower and, in the case of the European Borrower, the Administrative Agent shall not have received notice from any
existing Euro Facility RL Lender that it is unable to make the representation contained in Section 13.25(c) or, if the Administrative Agent shall have received such a notice, the U.S. Borrower shall have replaced such Euro Facility RL Lender
pursuant to Section 1.14. 
 SECTION 6. Conditions Precedent to All Credit Events. The obligation of each Lender to make Loans
(including Loans made on the Initial Borrowing Date, and the Delayed Borrowing Date but excluding Mandatory Borrowings made after the Initial Borrowing Date, which shall be made as provided in Sections 1.01(g)) and the obligation of an Issuing
Lender to issue any Letter of Credit, is subject, at the time of each such Credit Event (except as hereinafter indicated), to the satisfaction of the following conditions: 
 6.01 No Default; Representations and Warranties. At the time of each such Credit Event and immediately after giving effect thereto (i) there
shall exist no Default or Event of Default and (ii) all representations and warranties contained herein or in any other Credit Document shall be true and correct in all material respects with the same effect as though such representations and
warranties had been made on the date of such Credit Event (it being understood and agreed that any representation or warranty which by its terms is made as of a specified date shall be required to be true and correct in all material respects only as
of such specified date); provided that preceding clause (ii) shall not apply to the representations and warranties contained in Section 7.05(e) with respect to any Credit Event occurring after the Initial Borrowing Date. 

6.02 Notice of Borrowing; Letter of Credit Request; etc. (a) Prior to the making of each Loan (excluding Swingline Loans and Mandatory
Borrowings), the Administrative Agent shall have received, as applicable, (i) a Notice of Borrowing meeting the requirements of Section 1.03(a) or (ii) a Notice of Competitive Bid Borrowing meeting the requirements of
Section 1.04(a) with respect to each incurrence of Competitive Bid Loans. Prior to the making of any Swingline Loan, the Swingline Lender shall have received the notice required by Section 1.03(b)(i). 
 (b) Prior to the issuance of each Letter of Credit, the Administrative Agent and the respective Issuing Lender shall have received a Letter of Credit
Request meeting the requirements of Section 2.02(a). 
 The occurrence of the Initial Borrowing Date and the acceptance of the benefits
or proceeds of each Credit Event shall constitute a representation and warranty by each Borrower to each Agent and each of the Lenders that all the conditions specified in Section 5A (with respect to Credit Events occurring on the Initial
Borrowing Date), Section 5B (with respect to Credit Events of Subsidiary Borrower) and Section 6 (with respect to Credit Events on and after the Initial Borrowing Date) and applicable to such Credit Event (other than such conditions that
are expressly subject to the satisfaction of the Administrative Agent and/or the Required Lenders) exist as of that time. 
  

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 SECTION 7. Representations, Warranties and Agreements. In order to induce the Lenders to enter
into this Agreement and to make the Loans, and issue (or participate in) the Letters of Credit as provided herein, each of the Borrowers (to the extent that the representations, warranties and agreements set forth below in this Section 7
expressly apply to such Borrower or any of its Subsidiaries) makes the following representations, warranties and agreements, in each case after giving effect to the Transaction, all of which shall survive the execution and delivery of this Agreement
and the Notes and the making of the Loans and the issuance of the Letters of Credit. 
 7.01 Company Status. Each of the U.S. Borrower
and each of its Subsidiaries (i) is a duly organized and validly existing Company in good standing (or the local equivalent) under the laws of the jurisdiction of its organization, (ii) has the Company power and authority to own its
property and assets and to transact the business in which it is engaged and presently proposes to engage and (iii) is duly qualified and is authorized to do business and is in good standing in each jurisdiction where the ownership, leasing or
operation of its property or the conduct of its business requires such qualifications; except for failures of Subsidiaries of the U.S. Borrower that are not Credit Parties under clauses (i) and (ii) above, and failures of the U.S. Borrower
and its Subsidiaries under clause (iii) above, which, either individually or in the aggregate for all such failures under preceding clauses (i), (ii) and (iii), could not reasonably be expected to have a Material Adverse Effect;
provided that nothing in this Section 7.01 shall prevent the dissolution, merger, sale, transfer or other disposition of any Subsidiary of the U.S. Borrower that is not a Subsidiary Borrower or other transactions by the U.S. Borrower or
any of its Subsidiaries permitted pursuant to Section 9.02. 
 7.02 Power and Authority. Each Credit Party has the Company power
and authority to execute, deliver and perform the terms and provisions of each of the Credit Documents and Reorganization Documents to which it is party and has taken all necessary Company action to authorize the execution, delivery and performance
by it of each of such Credit Documents and Reorganization Documents. Each Credit Party has duly executed and delivered each of the Credit Documents and Reorganization Documents to which it is party, and each of such Credit Documents and
Reorganization Documents constitutes its legal, valid and binding obligation enforceable in accordance with its terms, except to the extent that the enforceability thereof may be limited by applicable bankruptcy, insolvency, reorganization,
moratorium or other similar laws generally affecting creditors’ rights and by equitable principles (regardless of whether enforcement is sought in equity or at law). 
 7.03 No Violation. Neither the execution, delivery or performance by any Credit Party of the Credit Documents and Reorganization Documents to which it is a party, nor compliance by it with the terms and
provisions thereof, (i) will contravene any provision of any law, statute, rule or regulation or any order, writ, injunction or decree of any court or Governmental Authority binding on the U.S. Borrower and its Subsidiaries, (ii) will
result in any breach of any of the terms, covenants, conditions or provisions of, or constitute a default under, or result in the creation or imposition of (or the obligation to create or impose) any Lien upon any of the property or assets of any
Credit Party or any of its Subsidiaries pursuant to the terms of any indenture, mortgage, deed of trust, credit agreement or loan agreement, or any other material agreement, contract or instrument, in each case to which any Credit Party or any of
its Subsidiaries is a party or by which it or any its property or assets is bound or to which it may be 
  

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 subject (including, without limitation, the Existing Indebtedness Agreements and, on and after the execution and delivery
thereof, the New Senior Notes Indenture) other than any agreement, contract or instrument terminated, discharged or replaced as of the Initial Borrowing Date, or (iii) will violate any provision of the certificate or articles of incorporation,
certificate of formation, limited liability company agreement or by-laws (or equivalent organizational documents), as applicable, of any Credit Party or any of its Subsidiaries. 
 7.04 Approvals. No order, consent, approval, license, authorization or validation of, or filing, recording or registration with (except for those
that have otherwise been obtained or made on or prior to the Initial Borrowing Date or, with respect to a Subsidiary Borrower, the date on which such Subsidiary Borrower has satisfied the conditions precedent specified in Section 5B to become
same and which remain in full force and effect on such date), or exemption by, any Governmental Authority is required to be obtained or made by, or on behalf of, any Credit Party to authorize, or is required to be obtained or made by, or on behalf
of, any Credit Party in connection with, (i) the execution, delivery and performance of any Credit Document or Reorganization Document or (ii) the legality, validity, binding effect or enforceability of any such Credit Document or
Reorganization Document. 
 7.05 Financial Statements; Financial Condition; Undisclosed Liabilities; Projections; Ackerman Appeals.
(a) (i) The audited consolidated balance sheet of Old Owens and its Subsidiaries at December 31, 2005 and the related consolidated statements of income and cash flows and changes in shareholders’ equity of Old Owens and its
Subsidiaries for the fiscal year of Old Owens ended on such date and the unaudited consolidated balance sheets of Old Owens and its Subsidiaries at the end of each Fiscal Quarter ended after December 31, 2005 and at least 45 days before the
Initial Borrowing Date and the related consolidated statements of income and cash flows and changes in shareholders’ equity of Old Owens and its Subsidiaries for the fiscal quarters of Old Owens ended on such dates, in each case furnished to
the Lenders prior to the Effective Date, present fairly in all material respects the consolidated financial position of Old Owens and its Subsidiaries at the date of said financial statements and the results for the respective periods covered
thereby. All such financial statements have been prepared in accordance with U.S. GAAP consistently applied except to the extent provided in the notes to said financial statements and subject, in the case of the unaudited financial statements, to
normal year-end audit adjustments (all of which are of a recurring nature and none of which, individually or in the aggregate, would be material) and the absence of footnotes. 
 (ii) The Pro Forma Balance Sheet presents a good faith estimate of the pro forma consolidated financial position of the U.S.
Borrower and its Subsidiaries as of the last day of the last Fiscal Quarter ended at least 45 days before the Initial Borrowing Date. 
 (b)
On and as of the Initial Borrowing Date, and after giving effect to the Transaction and to all Indebtedness (including the Loans and any New Senior Notes) being incurred or assumed or paid and discharged by the Credit Parties in connection
therewith, (i) the sum of the assets, at a fair valuation, of the U.S. Borrower (on a stand-alone basis) and of the U.S. Borrower and its Subsidiaries (taken as a whole) will exceed its or their respective debts, (ii) the U.S. Borrower (on
a stand-alone basis) and the U.S. Borrower and its Subsidiaries (taken as a whole) has or have not incurred and does or do not intend to incur, and does or do not believe that it or they will incur, debts beyond its or their respective ability to
pay such debts as 
  

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 such debts mature, and (iii) the U.S. Borrower (on a stand-alone basis) and the U.S. Borrower and its Subsidiaries
(taken as a whole) will have sufficient capital with which to conduct its or their respective businesses. For purposes of this Section 7.05(b), “debt” means any liability on a claim, and “claim” means
(a) right to payment, whether or not such a right is reduced to judgment, liquidated, unliquidated, fixed, contingent, matured, unmatured, disputed, undisputed, legal, equitable, secured, or unsecured or (b) right to an equitable remedy
for breach of performance if such breach gives rise to a payment, whether or not such right to an equitable remedy is reduced to judgment, fixed, contingent, matured, unmatured, disputed, undisputed, secured or unsecured. The amount of contingent
liabilities at any time shall be computed as the amount that, in the light of all the facts and circumstances existing at such time, represents the amount that can reasonably be expected to become an actual or matured liability. 
 (c) Except as fully disclosed in the financial statements delivered pursuant to Section 7.05(a), and except for the Indebtedness incurred under this
Agreement and, if executed and delivered on or prior to the Initial Borrowing Date, the New Senior Notes Documents, there were as of the Initial Borrowing Date no liabilities or obligations with respect to the U.S. Borrower or any of its
Subsidiaries of any nature whatsoever (whether absolute, accrued, contingent or otherwise and whether or not due) which, either individually or in the aggregate, could reasonably be expected to be material to the U.S. Borrower and its Subsidiaries.
As of the Initial Borrowing Date, none of the Borrowers know of any basis for the assertion against it or any of its Subsidiaries of any liability or obligation of any nature whatsoever that is not fully disclosed in the financial statements
delivered pursuant to Section 7.05(a) or referred to in the immediately preceding sentence which, either individually or in the aggregate, could reasonably be expected to be material to the U.S. Borrower and its Subsidiaries taken as a whole.

 (d) The Projections delivered to the Administrative Agent and the Lenders prior to the Initial Borrowing Date have been prepared in good
faith and are based on reasonable assumptions, and there are no statements or conclusions in the Projections which are based upon or include information known to the U.S. Borrower to be misleading in any material respect or which fail to take into
account material information known to the U.S. Borrower regarding the matters reported therein (other than the Vetrotex Transaction). On the Initial Borrowing Date, the U.S. Borrower believes that the Projections are reasonable and attainable, it
being recognized by the Lenders, however, that projections as to future events are not to be viewed as facts and that the actual results during the period or periods covered by the Projections may differ from the projected results. 
 (e) On and as of the Initial Borrowing Date, and after giving effect to the Transaction (but for this purpose assuming that the Transaction and the
related financing had occurred prior to December 31, 2005), since December 31, 2005, nothing has occurred (singly or in aggregate with all other occurrences) that has had, or could reasonably be expected to have, a Material Adverse Effect;
provided that (x) the Vetrotex Transaction, as described in the press release issued by the U.S. Borrower on July 27, 2006, in and of itself, shall not be deemed to constitute a Material Adverse Effect and (y) that no Credit
Event (other than the Credit Events occurring on the Initial Borrowing Date) shall constitute a representation and warranty that the matters set forth in this Section 7.05(e) are true and correct. 
  

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 (f) No Ackerman Appeal has had, or could reasonably be expected to have, either individually or in the
aggregate, a Material Adverse Effect or a material adverse effect on the Transaction. 
 7.06 Litigation. There are no actions, suits,
proceedings, grievances or investigations pending or, to the knowledge of the U.S. Borrower, threatened (i) with respect to this Agreement or any Credit Document or (ii) that have had, or could reasonably be expected to have, either
individually or in the aggregate, a Material Adverse Effect or a material adverse effect on the Transaction. 
 7.07 True and Complete
Disclosure. All factual information (taken as a whole) furnished by or on behalf of the U.S. Borrower and each of its Subsidiaries in writing to the Administrative Agent or any Lender for purposes of or in connection with this Agreement, the
other Credit Documents or any transaction contemplated herein or therein is, and all other such factual information (taken as a whole) hereafter furnished by or on behalf of the U.S. Borrower and each of its Subsidiaries in writing to the
Administrative Agent or any Lender will be, true and accurate in all material respects on the date as of which such information is dated or certified and not incomplete by omitting to state any fact necessary to make such information (taken as a
whole) not misleading in any material respect at such time in light of the circumstances under which such information was provided, it being understood and agreed that for purposes of this Section 7.07, such factual information shall not
include the Projections or any pro forma financial information. 
 7.08 Use of Proceeds; Margin Regulations. (a) All
proceeds of the Term Loans will be used by the U.S. Borrower to finance payments and/or prepayments of the Contingent Note which proceeds will be so used on the Delayed Borrowing Date. 
 (b) All proceeds of the Revolving Loans and the Swingline Loans will be used for the working capital and general corporate purposes of the U.S. Borrower
and its Subsidiaries; provided that up to, but no more than, an amount equal to the sum of (x) $100,000,000 plus (y) the remainder (but not less than $0) of (i) $400,000,000 minus (ii) the aggregate amount of
cash proceeds (net of reasonable transaction costs (including, as applicable, any underwriting, brokerage or other customary commissions and reasonable legal, advisory and other fees and expenses associated therewith)) received by the U.S. Borrower
from any issuance of New Senior Notes on or prior to the Initial Borrowing Date, of Revolving Loans and Swingline Loans in the aggregate may be used on the Initial Borrowing Date to finance the Reorganization and the Refinancing or to pay fees and
expenses incurred in connection with the Transaction. 
 (c) At the time of each Credit Event, the value of the Margin Stock at any time
owned by the U.S. Borrower and its Subsidiaries does not exceed 25% of the value of the assets of the U.S. Borrower and its Subsidiaries taken as a whole. Neither the making of any Loan nor the use of the proceeds thereof nor the occurrence of any
other Credit Event will violate or be inconsistent with the provisions of Regulation T, U or X of the Board of Governors of the Federal Reserve System. 
  

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 7.09 Tax Returns and Payments. Each of the U.S. Borrower and each of its Subsidiaries has timely
filed or caused to be timely filed with the appropriate taxing authority all material returns, statements, forms and reports for taxes (the “Returns”) required to be filed by, or with respect to the U.S. Borrower and/or any of its
Subsidiaries. The Returns accurately reflect in all material respects all liability for taxes of the U.S. Borrower and its Subsidiaries, as applicable, for the periods covered thereby. Each of the U.S. Borrower and each of its Subsidiaries has paid
all federal and state income taxes and all other material taxes and assessments payable by it which have become due, other than those that are being contested in good faith and adequately disclosed and fully provided for on the financial statements
of the U.S. Borrower and its Subsidiaries in accordance with U.S. GAAP. On the Initial Borrowing Date, there is no material action, suit, proceeding, investigation, audit or claim now pending or, to the best knowledge of the U.S. Borrower or any of
its Subsidiaries, threatened by any authority regarding any taxes relating to the U.S. Borrower or any of its Subsidiaries. As of the Initial Borrowing Date, neither the U.S. Borrower nor any of its Subsidiaries has entered into an agreement or
waiver or been requested to enter into an agreement or waiver extending any statute of limitations relating to the payment or collection of taxes of the U.S. Borrower or any of its Subsidiaries, or is aware of any circumstances that would cause the
taxable years or other taxable periods of the U.S. Borrower or any of its Subsidiaries not to be subject to the normally applicable statute of limitations. Neither the U.S. Borrower nor any of its Subsidiaries has incurred, nor will any of them
incur, any material tax liability in connection with the Transaction or any other transactions contemplated hereby (it being understood that the representation contained in this sentence does not cover any future tax liabilities of the U.S. Borrower
or any of its Subsidiaries arising as a result of the operation of their businesses in the ordinary course of business). 
 7.10
Compliance with ERISA; Non-U.S. Plans. (a) The U.S. Borrower, each of its Subsidiaries, and each ERISA Affiliate have operated and administered each Plan in compliance with all applicable laws except for such instances of noncompliance
as have not resulted in and could not reasonably be expected to result in a Material Adverse Effect. None of the U.S. Borrower, any of its Subsidiaries, nor any ERISA Affiliate has incurred any liability pursuant to Title I or IV of ERISA or the
penalty or excise tax provisions of the Code relating to employee benefit plans (as defined in section 3 of ERISA), and no event, transaction or condition has occurred or exists that could reasonably be expected to result in the incurrence of any
such liability by the U.S. Borrower, any of its Subsidiaries, or any ERISA Affiliate, or in the imposition of any Lien on any of the rights, properties or assets of the U.S. Borrower, any of its Subsidiaries, or any ERISA Affiliate, in either case
pursuant to Title I or IV of ERISA or to such penalty or excise tax provisions or to section 401(a)(29) or 412 of the Code, other than such liabilities or Liens as could not reasonably be expected to result, individually or in the aggregate, in the
occurrence of a Material Adverse Effect. 
 (b) None of the U.S. Borrower, any of its Subsidiaries, nor any ERISA Affiliate has incurred
(i) withdrawal liabilities (or are subject to contingent withdrawal liabilities) under section 4201 or 4204 of ERISA in respect of Multiemployer Plans that could reasonably be expected to result, either individually or in the aggregate, in the
occurrence of a Material Adverse Effect or (ii) any obligation in connection with the termination or withdrawal from any Non-U.S. Plan that could reasonably be expected to result, either individually or in the aggregate, in the occurrence of a
Material Adverse Effect. 
  

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 (c) The expected postretirement benefit obligation (determined as of the last day of the U.S.
Borrower’s most recently ended fiscal year in accordance with Financial Accounting Standards Board Statement No. 106, without regard to liabilities attributable to continuation coverage mandated by section 4980B of the Code) of the U.S.
Borrower and each of its Subsidiaries could not reasonably be expected to result in the occurrence of a Material Adverse Effect. 
 (d) All
Non-U.S. Plans have been registered, established, operated, administered and maintained in compliance with all laws, regulations and orders applicable thereto, except where failure so to comply could not be reasonably expected to have a Material
Adverse Effect. All premiums, contributions and any other amounts required by applicable Non-U.S. Plan documents or applicable laws to be paid or accrued by the U.S. Borrower and each of its Subsidiaries have been paid or accrued as required and all
obligations of the U.S. Borrower and each of its Subsidiaries under each applicable Non-U.S. Plan Document have been performed by the U.S. Borrower and each of its Subsidiaries, except where failure so to pay or accrue such amounts or to perform
such obligations, as the case may be, could not be reasonably expected to have a Material Adverse Effect. 
 7.11 Capitalization. On
the Initial Borrowing Date, the authorized capital stock of the U.S. Borrower consists of (x) 400,000,000 shares of common stock, $.01 par value per share (such authorized shares of common stock, together with any subsequently authorized shares
of common stock of the U.S. Borrower, the “U.S. Borrower Common Stock”) and (y) 10,000,000 shares of preferred stock, $0.01 per value per share, 103,200,000 of which shares of such U.S. Borrower Common Stock are issued and
outstanding and none of which such shares of preferred stock of the U.S. Borrower are issued and outstanding. All such outstanding shares have been duly and validly issued, are fully paid and non-assessable and have been issued free of preemptive
rights. As of the Initial Borrowing Date, except as set forth on Schedule V hereto, the U.S. Borrower does not have outstanding any capital stock or other securities convertible into or exchangeable for its capital stock or any rights to subscribe
for or to purchase, or any options for the purchase of, or any agreement providing for the issuance (contingent or otherwise) of, or any calls, commitments or claims of any character relating to, its capital stock or any stock appreciation or
similar rights. 
 7.12 Subsidiaries. On and as of the Initial Borrowing Date, the U.S. Borrower has no Subsidiaries other than those
Subsidiaries listed on Schedule VI (with each Subsidiary that is (x) a Guarantor, (y) an Immaterial Subsidiary and/or (z) a Pledged Subsidiary on the Initial Borrowing Date identified as such). 
 7.13 Compliance with Statutes, etc. The U.S. Borrower and each of its Subsidiaries is in compliance with all applicable statutes, regulations and
orders of, and all applicable restrictions imposed by, all Governmental Authorities in respect of the conduct of its business and the ownership of its property (including, without limitation, applicable statutes, regulations, orders and restrictions
relating to environmental standards and controls), except such non-compliances as could not reasonably be expected to have, either individually or in the aggregate, a Material Adverse Effect. 
  

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 7.14 Investment Company Act. No Borrower is an “investment company” or a company
“controlled” by an “investment company,” within the meaning of the Investment Company Act of 1940, as amended. 
 7.15
Environmental Matters. (a) Subject to Section 7.15(c), each of the U.S. Borrower and each of its Subsidiaries is in compliance with all applicable Environmental Laws and the requirements of any permits issued under such
Environmental Laws. The U.S. Borrower and each of its Subsidiaries have obtained all of the permits and approvals required of them under Environmental Laws for the operation of their respective businesses. There are no pending or, to the knowledge
of the U.S. Borrower, threatened Environmental Claims against the U.S. Borrower or any of its Subsidiaries or any Real Property owned, leased or operated by the U.S. Borrower or any of its Subsidiaries (including any such claim arising out of the
ownership, lease or operation by the U.S. Borrower or any of its Subsidiaries of any Real Property formerly owned, leased or operated by the U.S. Borrower or any of its Subsidiaries but no longer owned, leased or operated by the U.S. Borrower or any
of its Subsidiaries). There are no facts, circumstances, conditions or occurrences with respect to the business or operations of the U.S. Borrower or any of its Subsidiaries, or any Real Property owned, leased or operated by the U.S. Borrower or any
of its Subsidiaries (including any Real Property formerly owned, leased or operated by the U.S. Borrower or any of its Subsidiaries but no longer owned, leased or operated by the U.S. Borrower or any of its Subsidiaries) or, to the knowledge of the
U.S. Borrower, any property adjoining or adjacent to any such Real Property that could be reasonably expected (i) to form the basis of an Environmental Claim against the U.S. Borrower or any of its Subsidiaries or any Real Property owned,
leased or operated by the U.S. Borrower or any of its Subsidiaries or (ii) to cause any Real Property owned, leased or operated by the U.S. Borrower or any of its Subsidiaries to be subject to any restrictions on the ownership, lease, occupancy
or transferability of such Real Property by the U.S. Borrower or any of its Subsidiaries under any applicable Environmental Law. 
 (b)
Subject to Section 7.15(c), Hazardous Materials have not at any time been generated, used, treated or stored on, or transported to or from, or Released on or from, any Real Property at any time owned, leased or operated by the U.S. Borrower or
any of its Subsidiaries or, to the knowledge of the U.S. Borrower, any property adjoining or adjacent to any such Real Property, where such generation, use, treatment, storage, transportation or Release has violated or could be reasonably expected
to violate any applicable Environmental Law or give rise to an Environmental Claim. 
 (c) Notwithstanding anything to the contrary in this
Section 7.15, the representations and warranties made in this Section 7.15 shall be untrue only if the effect of any or all conditions, violations, claims, restrictions, failures and noncompliances of the types described above could,
either individually or in the aggregate, reasonably be expected to have a Material Adverse Effect. 
 7.16 Employment and Labor
Relations. On the Effective Date, there are (i) no material strikes, lockouts, stoppages or slowdowns or any other material labor disputes against the U.S. Borrower or any of its Subsidiaries pending or, to the knowledge of the U.S.
Borrower or any its Subsidiaries, threatened or planned and (ii) no union representation questions with respect to the U.S. Borrower or any of its Subsidiaries. 
  

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 7.17 Intellectual Property, etc. The U.S. Borrower and each of its Subsidiaries owns, or is
licensed to use, all trademarks, tradenames, copyrights, patents and other intellectual property necessary for the present and ongoing conduct of its business, and the use thereof by the U.S. Borrower and each of its Subsidiaries does not infringe
upon the rights of any other Person, except for any such infringements or the failure to own or have or continue to own or have which, as the case may be, individually or in the aggregate, could not reasonably be expected to result in a Material
Adverse Effect. 
 7.18 Indebtedness. Schedule VII sets forth a list of all Indebtedness which would be included in Consolidated Total
Net Indebtedness (including Contingent Obligations that would be included therein) with a principal amount outstanding in excess of $10,000,000 of the U.S. Borrower and its Subsidiaries as of the Initial Borrowing Date and which is to remain
outstanding after giving effect to the Transaction (excluding the Loans, the Letters of Credit and, if executed and delivered on or prior to the Initial Borrowing Date, the New Senior Notes Documents), in each case showing the aggregate principal
amount thereof and the name of the respective borrower and any Borrower or any of its Subsidiaries which directly or indirectly guarantees such debt. In addition, the aggregate amount of Indebtedness which would be included in Consolidated Total Net
Indebtedness (including Contingent Obligations that would be included therein) of the U.S. Borrower and its Subsidiaries as of the Initial Borrowing Date and which is to remain outstanding after giving effect to the Transaction not so listed on
Schedule VII does not exceed $25,000,000. 
 SECTION 8. Affirmative Covenants. Each Borrower (to the extent that the covenants and
agreements set forth below in this Section 8 expressly apply to such Borrower or any of its Subsidiaries) hereby covenants and agrees that on and after the Effective Date and until the Total Commitment and all Letters of Credit have terminated
and the Loans, Notes and Unpaid Drawings (in each case together with interest thereon), Fees and all other Obligations (other than indemnities described in Section 13.13 which are not then due and payable) incurred hereunder and thereunder, are
paid in full: 
 8.01 Information Covenants. The U.S. Borrower will furnish to the Administrative Agent (who shall, subject to the
terms specified in Section 13.22, furnish to each Lender): 
 (a) Quarterly Financial Statements. Within 55 days after
the close of each of the first three Fiscal Quarters in each Fiscal Year of the U.S. Borrower, (i) the consolidated balance sheet of the U.S. Borrower and its Subsidiaries as at the end of such Fiscal Quarter and the related consolidated
statements of income and retained earnings and statement of cash flows for such Fiscal Quarter and for the elapsed portion of the Fiscal Year ended with the last day of such Fiscal Quarter, in each case setting forth comparative figures for the
corresponding Fiscal Quarter in the prior Fiscal Year, all of which shall be certified by the chief financial officer, the treasurer or any financial officer (including a controller) of the U.S. Borrower that they fairly present in all material
respects in accordance with U.S. GAAP the financial condition of the U.S. Borrower and its Subsidiaries as of the dates indicated and the results of their operations for the periods indicated, subject to normal year-end audit adjustments and the
absence of footnotes, and (ii) management’s discussion and analysis of the important operational and financial developments during such Fiscal Quarter. 
  

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 (b) Annual Financial Statements. Within 100 days after the close of each Fiscal Year of
the U.S. Borrower, the consolidated balance sheet of the U.S. Borrower and its Subsidiaries as at the end of such Fiscal Year and the related consolidated statements of income and retained earnings and statement of cash flows for such Fiscal Year
setting forth comparative figures for the preceding Fiscal Year, all reported on by independent public accountants of recognized national standing (without a “going concern” or like qualification or exception and without any qualification
or exception as to the scope of such audit) to the effect that such consolidated financial statements present fairly in all material respects the financial condition and results of operations of the U.S. Borrower and its Subsidiaries on a
consolidated basis in accordance with U.S. GAAP consistently applied. 
 (c) Management Letters. Promptly after the U.S.
Borrower’s or any of its Subsidiaries’ receipt thereof, a copy of any “management letter” received from its certified public accountants and management’s response thereto. 
 (d) Officer’s Certificates. At the time of the delivery of the financial statements provided for in Sections 8.01(a) and (b), a
compliance certificate from the chief financial officer, treasurer or other financial officer (including a controller) of the U.S. Borrower in the form of Exhibit L certifying on behalf of the U.S. Borrower that, to the best of such officer’s
knowledge, no Default or Event of Default has occurred and is continuing or, if any Default or Event of Default has occurred and is continuing, specifying the nature and extent thereof, which certificate shall set forth in reasonable detail the
calculations required to establish whether the U.S. Borrower and its Subsidiaries were in compliance with the provisions of Sections 9.07 and 9.08 at the end of such Fiscal Quarter or Fiscal Year, as the case may be. 
 (e) Notice of Default, Litigation and Material Adverse Effect. Promptly, and in any event within five Business Days after any executive or
senior managing officer of the U.S. Borrower obtains knowledge thereof, notice of (i) the occurrence of any event which constitutes a Default or an Event of Default, (ii) any litigation or governmental investigation or proceeding pending
against the U.S. Borrower or any of its Subsidiaries with respect to any Credit Document or Reorganization Document, or (iii) any other event, change or circumstance that has had, or could reasonably be expected to have, a Material Adverse
Effect. 
 (f) Other Reports and Filings. Promptly (but in any event within ten days) after the filing or delivery thereof,
copies of all financial information, proxy materials and reports, if any, which the U.S. Borrower or any of its Subsidiaries shall publicly file with the Securities and Exchange Commission or any successor thereto (the “SEC”) or deliver to
holders (or any trustee, agent or other representative therefor) of, after the issuance thereof, any New Senior Notes or any of its material Indebtedness pursuant to the terms of the documentation governing the same, provided that notice to the
Administrative Agent by the U.S. Borrower of the filing of any such information with the SEC shall satisfy the requirements of this Section 8.01(f) with respect to such information filed with the SEC. 
  

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 (g) Environmental Matters. Promptly after any officer of the U.S. Borrower or any of its
Subsidiaries obtains knowledge thereof, notice of any Environmental Claim that results in, or could reasonably be expected to result in a Material Adverse Effect which notice shall describe in reasonable detail the nature of the claim,
investigation, condition, occurrence or removal or remedial action and the U.S. Borrower’s or such Subsidiary’s response thereto. 
 (h) Rating Information. Promptly after any officer of the U.S. Borrower or any of its Subsidiaries obtains knowledge thereof, notice of any change in the corporate credit ratings of the U.S. Borrower by any Rating
Agency (including, without limitation, a change in the outlook with respect to any such ratings), any notice from a Rating Agency indicating its intent to effect such a change in such ratings or its cessation of, or its intent to cease, providing
such ratings of the U.S. Borrower, or any notice from a Rating Agency indicating its intent to place the U.S. Borrower on a “CreditWatch” or “WatchList” or any similar list, in each case with negative implications. 
 (i) Other Information. From time to time, such other information or documents (financial or otherwise) with respect to the U.S. Borrower
or any of its Subsidiaries as the Administrative Agent or any Lender (through the Administrative Agent) may reasonably request. 
 8.02
Books, Records and Inspections; Annual Meetings. The U.S. Borrower will, and will cause each of its Subsidiaries to, keep proper books of record and accounts in conformity with U.S. GAAP and all requirements of applicable law or, with respect
to the books of record and accounts of a Subsidiary located outside the United States, in accordance with the applicable accounting standards and legal requirements of its local jurisdiction. The U.S. Borrower will, and will cause each of its
Subsidiaries to, permit officers and designated representatives of the Administrative Agent or any Lender to visit and inspect, under guidance of officers of the U.S. Borrower or such Subsidiary, any of the properties of the U.S. Borrower or such
Subsidiary, and to examine the books of accounts of the U.S. Borrower or such Subsidiary and discuss the affairs, finances and accounts of the U.S. Borrower or such Subsidiary with, and be advised as to the same by, its and their officers and
independent accountants, all upon reasonable prior notice and at such reasonable times and intervals (not to exceed once per calendar year unless a Default or Event of Default shall have occurred and be continuing) and to such reasonable extent as
the Administrative Agent or any such Lender may reasonably request. 
 8.03 Maintenance of Property; Insurance. The U.S. Borrower
will, and will cause each of its Subsidiaries to, (i) keep all property necessary to the business of the U.S. Borrower and its Subsidiaries in good working order and condition, ordinary wear and tear excepted and subject to the occurrence of
casualty events, (ii) maintain with financially sound and reputable insurance companies insurance on all such property and against all such risks as is consistent and in accordance with industry practice for companies similarly situated owning
similar properties and engaged in similar businesses as the U.S. Borrower and its Subsidiaries, and (iii) furnish to the Administrative Agent, upon its request therefor, full information as to the insurance carried; provided that the
U.S. Borrower and each of its Subsidiaries may self-insure to the extent it reasonably determines that such self-insurance is consistent with prudent business practice. 
  

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 8.04 Existence; Franchises. The U.S. Borrower will, and will cause each of its Subsidiaries to, do
or cause to be done, all things necessary to preserve and keep in full force and effect its existence and its material rights, franchises, licenses, permits, copyrights, trademarks and patents; provided, however, that nothing in this
Section 8.04 shall prevent (i) sales of assets and other transactions by the U.S. Borrower or any of its Subsidiaries in accordance with Section 9.02 or (ii) the withdrawal by the U.S. Borrower or any of its Subsidiaries of its
qualification as a foreign Company in any jurisdiction if such withdrawal could not, either individually or in the aggregate, reasonably be expected to have a Material Adverse Effect. 
 8.05 Compliance with Statutes, etc. The U.S. Borrower will, and will cause each of its Subsidiaries to, comply with all applicable statutes,
regulations and orders of, and all applicable restrictions imposed by, all Governmental Authorities in respect of the conduct of its business and the ownership of its property (including applicable statutes, regulations, orders and restrictions
relating to environmental standards and controls), except such non-compliances as could not, either individually or in the aggregate, reasonably be expected to have a Material Adverse Effect. 
 8.06 Compliance with Environmental Laws. The U.S. Borrower will comply, and will cause each of its Subsidiaries to comply, with all Environmental
Laws and permits applicable to, or required by, the ownership, lease or use of its Real Property now or hereafter owned, leased or operated by the U.S. Borrower or any of its Subsidiaries, except such noncompliances as could not, either individually
or in the aggregate, reasonably be expected to have a Material Adverse Effect, and will promptly pay or cause to be paid all costs and expenses incurred in connection with such compliance. Neither the U.S. Borrower nor any of its Subsidiaries will
generate, use, treat, store, Release or dispose of, or permit the generation, use, treatment, storage, Release or disposal of Hazardous Materials on any Real Property now or hereafter owned, leased or operated by the U.S. Borrower or any of its
Subsidiaries, or transport or permit the transportation of Hazardous Materials to or from any such Real Property, except for Hazardous Materials generated, used, treated, stored, Released or disposed of at any such Real Properties in compliance in
all material respects with all applicable Environmental Laws and as required in connection with the normal operation, use and maintenance of the business or operations of the U.S. Borrower or any of its Subsidiaries. 
 8.07 ERISA Reporting Covenant; Employee Benefits Matters. The U.S. Borrower will deliver promptly to the Administrative Agent, within ten days of
the U.S. Borrower, knowing or having reason to know of any of the following, a written notice setting forth the nature thereof and the action, if any, that the U.S. Borrower, its Subsidiaries, or ERISA Affiliates propose to take with respect
thereto: 
 (i) with respect to any Plan, any reportable event, as defined in section 4043(b) of ERISA and the
regulations thereunder, for which notice thereof has not been waived pursuant to such regulations; or 
  

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 (ii) the taking by the PBGC of steps to institute, or the threatening by the PBGC of the
institution of, proceedings under section 4042 of ERISA for the termination of, or the appointment of a trustee to administer, any Plan, or the receipt by the U.S. Borrower, or any of its Subsidiaries or any ERISA Affiliate, of a notice from a
Multiemployer Plan that such action has been taken by the PBGC with respect to such Multiemployer Plan; or 
 (iii) any event,
transaction or condition that could result in the incurrence of any liability by the U.S. Borrower or any of its Subsidiaries or any ERISA Affiliate pursuant to Title I or IV of ERISA or the penalty or excise tax provisions of the Code relating to
employee benefit plans, or in the imposition of any Lien on any of the rights, properties or assets of the U.S. Borrower or any of its Subsidiaries or any ERISA Affiliate, pursuant to Title I or IV of ERISA or such penalty or excise tax provisions,
if such liability or Lien, taken together with any other such liabilities or Liens then existing, could reasonably be expected to have a Material Adverse Effect; or 
 (iv) receipt of notice of the imposition of a material financial penalty (which for this purpose shall mean any tax, penalty or other
liability, whether by way of indemnity or otherwise) with respect to one or more Non-U.S. Plans that, either individually or in the aggregate, could reasonably be expected to have a Material Adverse Effect. 
 8.08 End of Fiscal Years; Fiscal Quarters. The U.S. Borrower will cause (i) its fiscal years to end on December 31 of each calendar year
and (ii) its fiscal quarters to end on March 31, June 30, September 30 and December 31 of each calendar year. 
 8.09 Payment of Taxes. The U.S. Borrower will pay and discharge, and will cause each of its Subsidiaries to pay and discharge, all federal and state income taxes and all other material taxes, assessments and governmental charges or
levies imposed upon it or upon its income or profits or upon any properties belonging to it, prior to the date on which penalties attach thereto, and all material lawful claims which, if unpaid, might become a Lien or charge upon any properties of
the U.S. Borrower or any of its Subsidiaries not otherwise permitted under Section 9.01(i); provided that neither the U.S. Borrower nor any of its Subsidiaries shall be required to pay any such tax, assessment, charge, levy or claim
which is being contested in good faith and by proper proceedings if it has maintained adequate reserves with respect thereto in accordance with U.S. GAAP. 
 8.10 Use of Proceeds. The Borrowers will use the proceeds of the Loans only as provided in Section 7.08. 
 8.11 Ratings. The U.S. Borrower will use commercially reasonable efforts to cause each of the Rating Agencies to continuously provide (x) corporate credit ratings of the U.S. Borrower and (y) credit
ratings of the credit facilities provided hereunder. 
 8.12 Additional Subsidiary Guarantors. (a) If at any time any
Wholly-Owned Domestic Subsidiary of the U.S. Borrower is created, established or acquired and such Wholly-Owned Domestic Subsidiary is (or would have been if at such time it had been a 
  

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 Wholly-Owned Domestic Subsidiary of the U.S. Borrower), on the last day of the most recently ended Test Period for which
financial statements have been or are required to have been delivered pursuant to Section 8.01(a) or (b), as applicable, a Material Subsidiary (with the “Immaterial Subsidiaries” tests being recalculated on a pro forma
basis after giving effect to such creation, establishment or acquisition), the U.S. Borrower will, within 10 Business Days after such Wholly-Owned Domestic Subsidiary is created, established, acquired, notify the Administrative Agent thereof and,
will as promptly as practicable, and in any event within sixty days, cause such Wholly-Owned Domestic Subsidiary to take all actions required for such Wholly-Owned Domestic Subsidiary to become a party to the Subsidiaries Guaranty in accordance with
the terms of the Subsidiaries Guaranty and take all action in connection therewith as would otherwise have been required to be taken pursuant to Section 5 if such Wholly-Owned Domestic Subsidiary had been a Subsidiary Guarantor on the Initial
Borrowing Date; provided that if the U.S. Borrower determines in good faith, (before such Wholly-Owned Domestic Subsidiary has complied with the requirements of this Section 8.12(a)), that such Wholly-Owned Domestic Subsidiary will not
remain a Material Subsidiary for more than sixty days after the date of the creation, establishment or acquisition thereof, because of contemplated transfers of assets permitted under Section 9.02 by such Wholly-Owned Domestic Subsidiary (with
the “Immaterial Subsidiary” tests being recalculated on a pro forma basis after giving effect to such transfers of assets), then so long as the U.S. Borrower notifies the Administrative Agent thereof within the sixty day
period referenced above, such Wholly-Owned Domestic Subsidiary shall not be required to become a Subsidiary Guarantor (unless the respective transfer of assets does not occur within such sixty day period or unless and until it is subsequently
required to become a Subsidiary Guarantor pursuant to the provisions of Section 8.12(c)); provided, further that if the preceding proviso is applicable, the U.S. Borrower shall determine in good faith whether any of the transfers
of assets contemplated by the preceding proviso would result in one or more other Wholly-Owned Domestic Subsidiaries of the U.S. Borrower which are not Subsidiary Guarantors and which previously constituted Immaterial Subsidiaries no longer
constituting same (with determinations to be made in good faith on a pro forma basis to give effect to the respective transfers of assets), and if the U.S. Borrower determines in good faith that the result described above in this
proviso would occur, then in such case within the sixty-day period described above the U.S. Borrower shall cause such Wholly-Owned Domestic Subsidiaries (which will not continue to constitute Immaterial Subsidiaries) to become Subsidiary Guarantors
and to comply with the provisions of this Section 8.12(a) as if the respective transferee were a newly created, established or acquired Wholly-Owned Domestic Subsidiary. 
 (b) If at any time any Subsidiary of the U.S. Borrower becomes a Pledged Subsidiary, the U.S. Borrower will, concurrently with the granting of any Lien
over any Equity Interests of such Subsidiary to support the obligations of the U.S. Borrower under the Contingent Note, cause such Subsidiary to take all actions required for such Subsidiary to become a party to the Subsidiaries Guaranty in
accordance with the terms of the Subsidiaries Guaranty and take all action in connection therewith as would otherwise have been required to be taken pursuant to Section 5 if such Subsidiary had been a Subsidiary Guarantor on the Initial
Borrowing Date. 
 (c) If, on the date of delivery by the U.S. Borrower of each of the financial statements required to be delivered pursuant
to Sections 8.01(a) or (b), as applicable, any of the Wholly-Owned Domestic Subsidiaries of the U.S. Borrower that is not a Subsidiary Guarantor at 
  

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 such time would, as of the last day of the fiscal quarter or fiscal year for which such financial statements are required
to be delivered, qualify as a Material Subsidiary, then the U.S. Borrower will, within 10 Business Days notify the Administrative Agent thereof and, as promptly as practicable, and in any event within sixty days after the date of delivery (or
required date of delivery, if earlier) of the respective financial statements, cause each Wholly-Owned Domestic Subsidiary of the U.S. Borrower (other than such Wholly-Owned Domestic Subsidiaries as will not constitute Material Subsidiaries after
the taking of the actions required by this Section 8.12(c)) to take all actions required for such Wholly-Owned Domestic Subsidiary to become a party to the Subsidiaries Guaranty in accordance with the terms of the Subsidiaries Guaranty and take
all action in connection therewith as would otherwise have been required to be taken pursuant to Section 5 if such Wholly-Owned Domestic Subsidiary had been a Subsidiary Guarantor on the Initial Borrowing Date; provided that if the U.S.
Borrower determines in good faith (before the respective Wholly-Owned Domestic Subsidiary has complied with the requirements of this Section 8.12(c)), that such Wholly-Owned Domestic Subsidiary will not remain a Material Subsidiary for more
than sixty days after the date of delivery (or required date of delivery, if earlier) of the respective financial statements, because of contemplated transfers of assets permitted under Section 9.02 by such Wholly-Owned Domestic Subsidiary
(with the “Immaterial Subsidiary” tests being recalculated on a pro forma basis after giving effect to such transfers of assets), then so long as the U.S. Borrower notifies the Administrative Agent thereof within the sixty
day period referenced above, such Wholly-Owned Domestic Subsidiary shall not be required to become a Subsidiary Guarantor (unless the respective transfer of assets does not occur within such sixty day period or unless and until it is subsequently
required to become a Subsidiary Guarantor pursuant to the provisions of this Section 8.12(c)); provided, further that if the preceding proviso is applicable, the U.S. Borrower shall determine in good faith whether any of the
transfers of assets contemplated by the preceding proviso would result in one or more other Wholly-Owned Domestic Subsidiaries of the U.S. Borrower which are not Subsidiary Guarantors and which previously constituted Immaterial Subsidiaries no
longer constituting same (with determinations to be made in good faith on a pro forma basis to give effect to the respective transfers of assets), and if the U.S. Borrower determines in good faith that the result described above in
this proviso would occur, then in such case within the sixty-day period described above the U.S. Borrower shall cause such Wholly-Owned Domestic Subsidiaries (which will not continue to constitute Immaterial Subsidiaries) to become Subsidiary
Guarantors and to comply with the provisions of this Section 8.12(c) as if the respective transferee were a Material Subsidiary on the last day of the respective fiscal quarter or fiscal year for which financial statements are acquired to be
delivered pursuant to Section 8.01(a) or (b), as applicable. 
 8.13 Maintenance of Company Separateness. Each Borrower will, and
will cause each of its Material Subsidiaries to, satisfy in all material respects customary Company formalities, including the holding of regular board of directors’ and shareholders’ meetings or action by directors or shareholders without
a meeting and the maintenance of Company records. In addition, neither the U.S. Borrower nor any of its Subsidiaries shall take any action, or conduct its affairs in a manner, which is likely to result in the Company existence of any Borrower, any
other Credit Party or any Non-Guarantor Subsidiaries being ignored, or in the assets and liabilities of the U.S. Borrower or any other Credit Party being substantively consolidated with those of any other such Person or any Non-Guarantor Subsidiary
in a bankruptcy, reorganization or other insolvency proceeding. 
  

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 SECTION 9. Negative Covenants. Each Borrower (to the extent that the covenants and agreements set
forth below in this Section 9 expressly apply to such Borrower or any of its Subsidiaries) hereby covenants and agrees that on and after the Effective Date and until the Total Commitment and all Letters of Credit have terminated and the Loans,
Notes and Unpaid Drawings (in each case, together with interest thereon), Fees and all other Obligations (other than any indemnities described in Section 13.13 which are not then due and payable) incurred hereunder and thereunder, are paid in
full: 
 9.01 Liens. The U.S. Borrower will not, and will not permit any of its Subsidiaries to, create, incur, assume or suffer to
exist any Lien upon or with respect to any property or assets (real or personal, tangible or intangible) of the U.S. Borrower or any of its Subsidiaries, whether now owned or hereafter acquired; provided that the provisions of this
Section 9.01 shall not prevent the creation, incurrence, assumption or existence of the following (Liens described below are herein referred to as “Permitted Liens”): 
 (i) inchoate Liens for taxes, assessments or governmental charges or levies not yet due or Liens for taxes, assessments or governmental
charges or levies being contested in good faith and by appropriate proceedings for which adequate reserves have been established in accordance with U.S. GAAP; 
 (ii) Liens in respect of property or assets of the U.S. Borrower or any of its Subsidiaries imposed by law, which were incurred in the
ordinary course of business and do not secure Indebtedness for borrowed money, such as carriers’, warehousemen’s, materialmen’s and mechanics’ liens and other similar Liens arising in the ordinary course of business, and
(x) which do not in the aggregate materially detract from the value of the U.S. Borrower’s or such Subsidiary’s property or assets or materially impair the use thereof in the operation of the business of the U.S. Borrower or such
Subsidiary or (y) which are being contested in good faith by appropriate proceedings, which proceedings have the effect of preventing the forfeiture or sale of the property or assets subject to any such Lien; 
 (iii) Liens in existence on the Initial Borrowing Date which are listed in Schedule VIII, plus renewals, replacements and
extensions of such Liens to the extent set forth on such Schedule VIII, provided that any such renewal, replacement or extension does not encumber any additional assets or properties of the U.S. Borrower or any of its Subsidiaries except to
the extent that Liens or such additional assets or properties are permitted under another provision of this Section 9.01; 
 (iv) Liens created by or pursuant to this Agreement and the other Credit Documents; 
 (v) (x) licenses,
sublicenses, leases or subleases granted by the U.S. Borrower or any of its Subsidiaries to other Persons not materially interfering with the conduct of the business of the U.S. Borrower or any of its Subsidiaries and (y) any interest or title
of a lessor, sublessor or licensor under any operating lease or license agreement not prohibited by this Agreement to which the U.S. Borrower or any of its Subsidiaries is a party (including, without limitation, a Lien on the U.S. Borrower’s
license of the “Pink Panther” trademark and any proceeds thereof in favor of the licensor thereof); 
  

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 (vi) Liens upon assets of the U.S. Borrower or any of its Subsidiaries subject to
Capitalized Lease Obligations to the extent such Capitalized Lease Obligations are permitted by Section 9.04(iv), provided that (x) such Liens only serve to secure the payment of Indebtedness arising under such Capitalized Lease
Obligation and (y) the Lien encumbering the asset giving rise to the Capitalized Lease Obligation does not encumber any other asset of the U.S. Borrower or any Subsidiary of the U.S. Borrower; 
 (vii) Liens placed upon equipment or machinery acquired after the Initial Borrowing Date and used in the ordinary course of business of
the U.S. Borrower or any of its Subsidiaries and placed at the time of the acquisition thereof by the U.S. Borrower or such Subsidiary or within 180 days thereafter to secure Indebtedness incurred to pay all or a portion of the purchase price
thereof or to secure Indebtedness incurred solely for the purpose of financing the acquisition of any such equipment or machinery or extensions, renewals or replacements of any of the foregoing for the same or a lesser amount, provided that
(x) the Indebtedness secured by such Liens is permitted by Section 9.04 and (y) in all events, the Lien encumbering the equipment or machinery so acquired does not encumber any other asset of the U.S. Borrower or such Subsidiary;

 (viii) easements, rights-of-way, restrictions, encroachments and other similar charges or encumbrances, and minor title
deficiencies, in each case not securing Indebtedness and not materially interfering with the conduct of the business of the U.S. Borrower or any of its Subsidiaries; 
 (ix) Liens arising from precautionary UCC financing statement filings regarding operating leases entered into in the ordinary course of
business; 
 (x) Liens arising out of the existence of judgments or decrees (but excluding consensual Liens granted by the
U.S. Borrower or any of its Subsidiaries on any of their assets) that do not constitute an Event of Default under Section 10.07; 
 (xi) statutory and common law landlords’ liens under leases to which the Borrower or any of its Subsidiaries is a party; 
 (xii) Liens (other than Liens imposed under ERISA) incurred in the ordinary course of business in connection with workers compensation
claims, unemployment insurance and social security benefits and Liens securing the performance of bids, tenders, leases and contracts in the ordinary course of business, statutory obligations, surety bonds, performance, completion and guarantee
bonds and other obligations of a like nature incurred in the ordinary course of business and consistent with past practice (exclusive of obligations in respect of the payment for borrowed money); 
 (xiii) Liens on property or assets acquired by the U.S. Borrower or any of its Subsidiaries in existence at the time such property or
asset is acquired by the U.S. Borrower or such Subsidiary (including by the merger or acquisition of any Person), provided that (x) any Indebtedness that is secured by such Liens is permitted to exist 
  

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 under Section 9.04, and (y) such Liens are not incurred in connection with, or in contemplation
or anticipation of, such merger or acquisition and do not attach to any other asset of the U.S. Borrower or any of its Subsidiaries; 
 (xiv) Liens arising out of any conditional sale, title retention, consignment or other similar arrangements for the sale of goods entered into by the U.S. Borrower or any of its Subsidiaries in the ordinary course of business to the extent
such Liens do not attach to any assets other than the goods subject to such arrangements; 
 (xv) Liens (x) incurred in
the ordinary course of business in connection with the purchase or shipping of goods or assets (or the related assets and proceeds thereof), which Liens are in favor of the seller or shipper of such goods or assets and only attach to such goods or
assets, (y) incurred in the ordinary course of business in connection with property owned by third parties installed to provide energy or oxygen at the facilities of the U.S. Borrower and its Subsidiaries pursuant to any supply arrangement or
operating lease (but not pursuant to a Capital Lease) and (z) in favor of customs and revenue authorities arising as a matter of law to secure payment of customs duties in connection with the importation of goods; 
 (xvi) bankers’ Liens, rights of setoff and other similar Liens existing solely with respect to cash and Cash Equivalents on deposit
in one or more accounts maintained by the U.S. Borrower or any Subsidiary, in each case granted in the ordinary course of business in favor of the bank or banks with which such accounts are maintained, securing amounts owing to such bank or banks
with respect to cash management and operating account arrangements; 
 (xvii) on and after the date of consummation of the
Vetrotex Transaction, Liens on the Vetrotex Pledged Assets granted in connection with the Vetrotex Transaction which secure lease payments (and obligations to return the precious metal alloy so leased) owing by the U.S. Borrower or any of its
Subsidiaries (including, without limitation, the Vetrotex Subsidiary) in connection with the ongoing business of the Vetrotex Subsidiary (or guarantees thereof) to direct or indirect owners of the Equity Interest in the Vetrotex Subsidiary and/or
the owners of such precious metal alloy and other Persons providing financing to such owners in respect of such precious metal alloy (in each case other than the U.S. Borrower and its Subsidiaries); 
 (xviii) Liens created under or contemplated by the Documents (including the escrow of any funds or Equity Interests of the U.S. Borrower
or the pledge of Equity Interests of one or more Guarantors to secure the obligations under the Contingent Note); 
 (xix)
Liens created on assets transferred to a SPV pursuant to Asset Securitizations (which asset shall be of the types described in the definition of Asset Securitization contained herein), securing Attributable Securitization Indebtedness permitted to
be outstanding pursuant to Section 9.04(v); and 
 (xx) additional Liens of the U.S. Borrower or any Subsidiary of the
U.S. Borrower not otherwise permitted by this Section 9.01, so long as the aggregate 
  

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 amount (exclusive of regularly accruing interest or similar amounts which are paid on a current basis) of
obligations secured by Liens permitted pursuant to this Section 9.01(xx) does not exceed $300,000,000 at any time. 
 9.02
Consolidation, Merger, Purchase or Sale of Assets, etc. The U.S. Borrower will not, and will not permit any of its Subsidiaries to, wind up, liquidate or dissolve its affairs or enter into any transaction of merger or consolidation, or
convey, sell, lease or otherwise dispose of all or any part of its property or assets (other than sales of inventory, raw materials, supplies and used or surplus equipment, in each case in the ordinary course of business), or enter into any
sale-leaseback transactions, or purchase or otherwise acquire (in one or a series of related transactions) all or substantially all of the Equity Interests in or assets of any Person (each such purchase or acquisition, an
“Acquisition”) (or agree to do any of the foregoing at any future time), except that: 
 (i) each of the U.S.
Borrower and any of its Subsidiaries may liquidate or otherwise dispose of obsolete or worn-out property in the ordinary course of business, and may dissolve, liquidate or merge out of existence a Subsidiary that is not a Subsidiary Borrower, the
continued existence of which is no longer materially advantageous to the U.S. Borrower or its Subsidiaries; 
 (ii) each of
the U.S. Borrower and any of its Subsidiaries may sell assets, including the Equity Interests of a Subsidiary of the U.S. Borrower that is not a Subsidiary Borrower so long as (x) no Default or Event of Default then exists or would result
therefrom, (y) in the case of the sale of the Equity Interests of any Credit Party, all of the Equity Interests of such Credit Party and its other Subsidiaries are sold pursuant to such sale and (z) the Fair Market Value of such assets at
the time of the consummation of such sale, when added to the Fair Market Value of all assets of the U.S. Borrower and its Subsidiaries previously sold pursuant to this Section 9.02(ii), does not exceed $350,000,000 in any Fiscal Year;

 (iii) each of the U.S. Borrower and any of its Subsidiaries may sell or discount, in each case without recourse and in the
ordinary course of business, accounts receivable arising in the ordinary course of business, but only in connection with the compromise or collection thereof and not as part of any financing transaction; 
 (iv) each of the U.S. Borrower and any of its Subsidiaries may grant licenses, sublicenses, leases or subleases to other Persons not
materially interfering with the conduct of the business of the U.S. Borrower or any of its Subsidiaries; 
 (v) each of the
U.S. Borrower and any of its Subsidiaries may convey, lease, rent, sell or otherwise transfer all or any part of its business, properties and assets to the U.S. Borrower or to any other Subsidiary of the U.S. Borrower; 
 (vi) each of the U.S. Borrower and any of its Subsidiaries may merge or consolidate with and into, be dissolved or liquidated into, or
amalgamate with any other Person, so long as (i) in the case of any such merger, consolidation, dissolution, liquidation or amalgamation involving the U.S. Borrower, the U.S. Borrower is the 
  

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 surviving or continuing entity of any such merger, consolidation, dissolution, liquidation or
amalgamation (provided, that no Subsidiary Borrower may merge, consolidate or amalgamate with or into, or be dissolved or liquidated into, the U.S. Borrower), (ii) in the case of any such merger, consolidation, dissolution, liquidation
or amalgamation involving a Subsidiary Borrower, such Subsidiary Borrower is the surviving or continuing entity of any such merger, consolidation, dissolution, liquidation or amalgamation or, in the event of an amalgamation involving the Canadian
Borrower, the continuing Person resulting therefrom is a Wholly-Owned Subsidiary of the U.S. Borrower organized under the laws of Canada or a province thereof that takes such actions, and deliver all such documents incidental or related thereto, as
may be reasonably requested by the Administrative Agent to assume all of the obligations of the Canadian Borrower under this Agreement and the other Credit Documents to which the Canadian Borrower was a party and to become a party to this Agreement
and each other Credit Document to which the Canadian Borrower was a party, after which such continuing Person shall be the “Canadian Borrower” hereunder and under each other Credit Document and (iii) in all other cases, the surviving
or continuing corporation of any such merger, consolidation, dissolution, liquidation or amalgamation is a Subsidiary of the U.S. Borrower; 
 (vii) each of the U.S. Borrower and any of its Subsidiaries party to an Asset Securitization may sell accounts and related general intangibles, chattel paper, instruments, security and collections with respect thereto
pursuant to such Asset Securitization (after the execution thereof), so long as (x) each such sale is in an arm’s-length transaction and on terms consistent with prevailing market conditions for similar transactions at such time and
(y) the aggregate Attributable Securitization Indebtedness shall not exceed $400,000,000 at any time outstanding; 
 (viii) each of the U.S. Borrower and any of its Subsidiaries may liquidate or otherwise dispose of Cash Equivalents in the ordinary course of business; 
 (ix) each of the U.S. Borrower and any of its Subsidiaries may consummate an Acquisition, so long as no Default or Event of Default shall
have occurred and be continuing at the time of the consummation of the proposed Acquisition or immediately after giving effect thereto (each such Acquisition, a “Permitted Acquisition”); 
 (x) each of the U.S. Borrower and any of its Subsidiaries may effect any merger, wind up, amalgamation, plan of arrangement, liquidation
or dissolution and enter into any transaction of merger, amalgamation or consolidation, or convey, sell, lease or otherwise dispose of any property or assets, in each case in accordance with the Reorganization and to the extent contemplated by the
Documents; 
 (xi) each of the U.S. Borrower and any of its Subsidiaries may transfer and dispose of inventory, raw materials,
equipment, Real Property and other tangible assets in exchange for consideration comprised of inventory, raw materials, supplies, used or surplus equipment, Real Property and other tangible assets or some combination thereof, in each case in the
ordinary course of business, so long as (x) no Default or Event of Default then exists or would result therefrom and (y) the book value of such assets at the 
  

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 time of the consummation of such sale, when added to the book value of all assets of the U.S. Borrower
and its Subsidiaries previously sold pursuant to this Section 9.02(xi), does not exceed $250,000,000 at any time; 
 (xii) each of the U.S. Borrower and any of its Subsidiaries may sell, transfer or convey raw materials, equipment, real property and other tangible assets to the extent that the Net Sale Proceeds therefrom are used to acquire replacement
raw materials, equipment, real property and other tangible assets within 270 days after receipt of such Net Sale Proceeds (and in the case of any contractual commitment to so apply such Net Sale Proceeds entered into within such 270 day period,
within 360 days after receipt of such Net Sale Proceeds); and 
 (xiii) each of the U.S. Borrower and any of its Subsidiaries
may sell, transfer or convey assets pursuant to any judicial or administrative order, consent, writ, decree, injunction or judgment or otherwise in order to comply with applicable law in connection with the Vetrotex Transaction, so long as the book
value of such assets at the time of the consummation of such sale, when added to the book value of all assets of the U.S. Borrower and its Subsidiaries previously sold pursuant to this Section 9.02(xiii), does not exceed $300,000,000 at
any time. 
 9.03 Dividends. The U.S. Borrower will not, and will not permit any of its Subsidiaries to, authorize, declare or pay any
Dividends with respect to the U.S. Borrower or any of its Subsidiaries, except that: 
 (i) (x) any Subsidiary of the
U.S. Borrower may pay Dividends to the U.S. Borrower or to any Wholly-Owned Subsidiary of the U.S. Borrower and (y) any Non-Wholly Owned Subsidiary of the U.S. Borrower may pay cash dividends to its shareholders generally so long as the U.S.
Borrower or its respective Subsidiary which owns the Equity Interests in the Subsidiary paying such Dividends receives at least its proportionate share thereof (based upon its relative holding of the Equity Interests in the Subsidiary paying such
Dividends and taking into account the relative preferences, if any, of the various classes of Equity Interests of such Subsidiary); and 
 (ii) the U.S. Borrower and its Subsidiaries may authorize, declare and pay any other cash Dividend so long as (x) no Default or Event of Default exists at the time of such authorization, declaration or payment or
would exist immediately after giving effect thereto and (y) such authorization, declaration or payment will not violate (I) any provision of the certificate or articles of incorporation, certificate of formation, limited liability company
agreement or by-laws (or equivalent organizational documents), as applicable, of such Person or (II) any material agreement, instrument, judgment, decree, order, statute, rule or governmental regulation applicable to such Person. 
  

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 9.04 Indebtedness. The U.S. Borrower will not, and will not permit any of its Subsidiaries to
contract, create, incur, assume or suffer to exist any Indebtedness, except: 
 (i) unsecured Indebtedness of the Credit
Parties so long as, on the date of the respective incurrence thereof, no Default or Event of Default then exists or would result therefrom; 
 (ii) unsecured Indebtedness of the Non-Guarantor Subsidiaries so long as (x) on the date of the respective incurrence thereof, no Default or Event of Default then exists or would result therefrom and (y) the
aggregate principal amount of all such outstanding Indebtedness, (I) does not exceed $400,000,000 at any time and (II) when added to the aggregate principal amount of all outstanding Indebtedness incurred by the U.S. Borrower and its
Subsidiaries pursuant to Section 9.04(iii), does not exceed $600,000,000 at any time; 
 (iii) secured Indebtedness of
the U.S. Borrower and its Subsidiaries so long as (x) on the date of the respective incurrence thereof no Default or Event of Default then exists or would result therefrom and (y) the aggregate principal amount of all such outstanding
Indebtedness, (I) does not exceed $300,000,000 at any time and (II) when added to the aggregate principal amount of all outstanding Indebtedness incurred by the Non-Guarantor Subsidiaries pursuant to Section 9.04(ii), does not exceed
$600,000,000 at any time; 
 (iv) Indebtedness of the U.S. Borrower and its Subsidiaries incurred to finance fixed or capital
assets or evidenced by Capitalized Lease Obligations and purchase money Indebtedness described in Section 9.01(vii), provided that in no event shall the sum of the aggregate principal amount of all such Indebtedness permitted by this
Section 9.04(iv) (as measured on the date of each incurrence pursuant to this Section 9.04(iv)) exceed 5% of Consolidated Net Tangible Assets of the U.S. Borrower and its Subsidiaries as of the last day of the last Fiscal Year for which
financial statements have been delivered pursuant to Section 8.01(b); 
 (v) Attributable Securitization Indebtedness
incurred under or in connection with any Asset Securitization in an aggregate principal amount not to exceed $400,000,000 at any time outstanding; 
 (vi) Indebtedness constituting Intercompany Loans, to the extent permitted pursuant to Section 9.05 (and subject to the requirements, if applicable, of Section 9.11); 
 (vii) Indebtedness consisting of guaranties or Contingent Obligations by the U.S. Borrower and its Subsidiaries of each other’s
Indebtedness and lease and other obligations permitted under this Agreement; provided that no Non-Guarantor Subsidiaries shall be permitted to furnish a guarantee (except to the extent such guarantee is permitted pursuant to
Section 9.04(ii)) or Contingent Obligation in respect, or in support, of any Indebtedness or lease or other obligations of the U.S. Borrower or any other Credit Party; 
 (viii) Indebtedness arising from the honoring by a bank or other financial institution of a check, draft or similar instrument drawn
against insufficient funds in the ordinary course of business, so long as such Indebtedness is extinguished within four Business Days of its incurrence; 
  

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 (ix) Indebtedness of the U.S. Borrower and its Subsidiaries with respect to performance
bonds, surety bonds, completion bonds, guaranty bond, appeal bonds or customs bonds required in the ordinary course of business or in connection with the enforcement of rights or claims of the Borrower or any of its Subsidiaries or in connection
with judgments that do not result in a Default or an Event of Default; 
 (x) Indebtedness of the U.S. Borrower or any of its
Subsidiaries which may be deemed to exist in connection with agreements providing for indemnification, purchase price adjustments and similar obligations in connection with the acquisition or disposition of assets in accordance with the requirements
of this Agreement, so long as any such obligations are those of the Person making the respective acquisition or sale, and are not guaranteed by any other Person except as permitted by Section 9.04(vii); 
 (xi) Indebtedness of the U.S. Borrower and its Subsidiaries existing on the Initial Borrowing Date (after giving effect to the Plan
Emergence, but excluding the Obligations and any Indebtedness permitted pursuant to Section 9.04(xii) or evidenced by New Senior Notes) and extensions, renewals, replacements and refinancings of any such Indebtedness that do not
(I) increase the outstanding principal amount thereof (except by the amount of any premium or fee paid or payable in connection with such extension, renewal or replacement) unless otherwise permitted pursuant to another provision of this
Section 9.04, (II) have any additional obligors or guarantors with respect thereto unless otherwise permitted pursuant to another provision of this Section 9.04 or (III) have any additional Liens to secure such Indebtedness; 
 (xii) Indebtedness of the U.S. Borrower and its Subsidiaries evidenced by the Contingent Note; 
 (xiii) on and after the date of consummation of the Vetrotex Transaction, obligations of the U.S. Borrower or any of its Subsidiaries
(including, without limitation, the Vetrotex Subsidiary) in connection with the ongoing business of the Vetrotex Subsidiary (or guarantees thereof by the U.S. Borrower) with respect to lease payments (and obligations to return the precious metal
alloy so leased) owing to direct or indirect owners of Equity Interests in the Vetrotex Subsidiary and/or the owners of such precious metal alloy and other Persons providing financing to such owners in respect of such precious metal alloy (in each
case other than the U.S. Borrower and its Subsidiaries); and 
 (xiv) Indebtedness of the U.S. Borrower and its Subsidiaries
in respect of letters of credit obtained or deposits made in order to provide security for workers’ compensation claims or pension plans, payment obligations in connection with self-insurance or pursuant to statutory obligations, in each case
in the ordinary course of business. 
  

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 9.05 Advances, Investments and Loans. The U.S. Borrower will not, and will not permit any of its
Subsidiaries to, directly or indirectly, lend money or credit or make advances to any Person, or purchase or acquire any stock, obligations or securities of, or any other Equity Interest in, or make any capital contribution to, any other Person, or
enter into any partnership or joint venture, or purchase or own a futures contract or otherwise become liable for the purchase or sale of currency or other commodities at a future date in the nature of a futures contract (each of the foregoing an
“Investment”), except that the following shall be permitted: 
 (i) the U.S. Borrower and its Subsidiaries
may acquire and hold accounts receivables owing to any of them, if created or acquired in the ordinary course of business and payable or dischargeable in accordance with customary trade terms of the U.S. Borrower or such Subsidiary; 
 (ii) the U.S. Borrower and its Subsidiaries may hold the Investments held by them on the Initial Borrowing Date, provided that
(x) any additional Investments made with respect thereto shall be permitted only if permitted under the other provisions of this Section 9.05 and (y) any Investment in an amount greater than $5,000,000 held on the Initial Borrowing
Date shall be permitted by this clause 9.05(ii) only if described on Schedule IX; 
 (iii) the U.S. Borrower and its
Subsidiaries may acquire and own investments (including debt obligations) received in connection with the bankruptcy or reorganization of suppliers and customers and in good faith settlement of delinquent obligations of, and other disputes with,
customers and suppliers arising in the ordinary course of business; 
 (iv) the U.S. Borrower and its Subsidiaries may make
loans and advances to their officers and employees for moving, relocation and travel expenses and other similar expenditures, in each case in the ordinary course of business; 
 (v) the U.S. Borrower and its Subsidiaries may acquire and hold obligations of their officers and employees in connection with such
officers’ and employees’ acquisition of shares of U.S. Borrower Common Stock (so long as no cash is actually advanced by the U.S. Borrower or any of its Subsidiaries in connection with the acquisition of such obligations); 
 (vi) the U.S. Borrower and its Subsidiaries may enter into (x) Interest Rate Protection Agreements entered into with respect to other
Indebtedness permitted under Section 9.04 and (y) Other Hedging Agreements entered into in the ordinary course of business and providing protection to the U.S. Borrower and its Subsidiaries against fluctuations in currency values or
commodity prices in connection with the U.S. Borrower or any of its Subsidiaries’ operations, in either case so long as the entering into of such Interest Rate Protection Agreements or Other Hedging Agreements are bona fide hedging activities
and are not for speculative purposes; 
 (vii) (I) the U.S. Borrower and the other Credit Parties may make intercompany
loans and advances to each other, (II) the U.S. Borrower and its Subsidiaries may make intercompany loans and advances to any Non-Guarantor Subsidiary, and (III) any Non-Guarantor Subsidiary which is at such time a party to the Intercompany
Subordination Agreement (unless prohibited by applicable law in the case of a Foreign Subsidiary) may 
  

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 make intercompany loans and advances to any Credit Party which at such time is party to the Intercompany
Subordination Agreement (such intercompany loans and advances referred to in preceding clauses (I) through (III), collectively, the “Intercompany Loans”), provided that (x) each Intercompany Loan made to any Credit
Party by any Subsidiary of the U.S. Borrower that is not a Credit Party shall, except to the extent prohibited by applicable law in the case of Intercompany Loans made by a Foreign Subsidiary, be subject to subordination as, and to the extent,
required by the Intercompany Subordination Agreement and (y) no Intercompany Loan may be made pursuant to subclause (II) above at any time that a Default or an Event of Default has occurred and its continuing; 
 (viii) (I) the U.S. Borrower and the other Credit Parties may make capital contributions to, or acquire Equity Interests of, any
other Credit Party, (II) the U.S. Borrower and the other Credit Parties may make capital contributions to, or acquire Equity Interests of, Non-Guarantor Subsidiaries and Persons that are not Subsidiaries of the U.S. Borrower, and may capitalize or
forgive any Indebtedness owed to them by any Non-Guarantor Subsidiary and outstanding under Section 9.05(vii), and (III) any Non-Wholly-Owned Subsidiary may make capital contributions to, or acquire Equity Interests of, any other Non-Guarantor
Subsidiary, and may capitalize or forgive any Indebtedness owed to it by a Non-Guarantor Subsidiary; provided that no contribution, capitalization or forgiveness may be made pursuant to preceding subclause (II) at any time that a Default or
an Event of Default has occurred and its continuing; 
 (ix) Contingent Obligations permitted by Section 9.04, to the
extent constituting Investments; 
 (x) Permitted Acquisitions shall be permitted in accordance with the requirements of
Section 9.02; 
 (xi) the U.S. Borrower and its Subsidiaries may receive and hold promissory notes and other non-cash
consideration received in connection with any asset sale permitted by Section 9.02(ii); 
 (xii) the U.S. Borrower and
its Subsidiaries may make advances in the form of a prepayment of expenses to vendors, suppliers and trade creditors consistent with their past practices, so long as such expenses were incurred in the ordinary course of business of the U.S. Borrower
or such Subsidiary; 
 (xiii) the U.S. Borrower and its Subsidiaries may make and hold Investments in Cash Equivalents;

 (xiv) the U.S. Borrower and its Subsidiaries may make and hold Investments in the Vetrotex Subsidiary (and any Subsidiaries
of the Vetrotex Subsidiary) pursuant to the Vetrotex Transaction; and 
 (xv) the U.S. Borrower and its Subsidiaries may make,
hold and enter into additional Investments so long as, at the time of making such Investment, no Default or Event of Default then exists or would result therefrom. 
  

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 9.06 Transactions with Affiliates. The U.S. Borrower will not, and will not permit any of its
Subsidiaries to, enter into any transaction or series of related transactions with any Affiliate of the U.S. Borrower or any of its Subsidiaries (other than the U.S. Borrower and its Subsidiaries and any Person that is an Affiliate solely as a
result of the ownership by the U.S. Borrower or any of its Subsidiaries of the Equity Interests of such Person) other than in the ordinary course of business and on terms and conditions substantially as favorable or more favorable to the U.S.
Borrower or such Subsidiary as would reasonably be obtained by the U.S. Borrower or such Subsidiary at that time in a comparable arm’s-length transaction with a Person other than an Affiliate, except that the following in any event shall be
permitted: 
 (i) customary fees, indemnities and reimbursements may be paid to non-officer directors of the U.S. Borrower and
its Subsidiaries and loans and advances permitted by Section 9.05(iv); 
 (ii) the U.S. Borrower may issue U.S. Borrower
Common Stock and Qualified Preferred Stock; and 
 (iii) the U.S. Borrower and its Subsidiaries may enter into, and may make
payments under, employment agreements, employee benefits plans, stock option plans, indemnification provisions and other similar compensatory arrangements with officers, employees and directors of the U.S. Borrower and its Subsidiaries in the
ordinary course of business or pursuant to the Plan of Reorganization. 
 9.07 Interest Expense Coverage Ratio. The U.S. Borrower will
not permit the Interest Expense Coverage Ratio for any Test Period ending on the last day of a Fiscal Quarter to be less than 2.00:1.00; provided that compliance with this Section 9.07 for each Test Period shall be determined on the
earlier to occur of (x) the date upon which the U.S. Borrower delivers financial statements for the last Fiscal Quarter of such Test Period pursuant to Section 8.01(a) or (b) (in which case such compliance shall be determined based
upon such delivered financial statements) and (y) the 30th day after the last day of the last Fiscal Quarter of such Test Period (in which case such compliance shall be determined based upon internally prepared financial statements of the U.S.
Borrower and its Subsidiaries on such date and shall then also be determined on the date described in preceding clause (x) based upon the delivered financial statements described in preceding clause (x)); provided further, that if
at any time subsequent to the delivery of any such financial statements described above with respect to any Test Period, there are subsequent adjustments thereto (or to the financial results described therein), such subsequent adjustments shall be
given full force and effect. 
 9.08 Leverage Ratio. The U.S. Borrower will not permit the ratio of Consolidated Total Net
Indebtedness to Consolidated Total Capitalization at any time to exceed 0.65:1.00; provided that for determining compliance with this Section 9.08 at any time, (x) in calculating Consolidated Total Capitalization, Consolidated Net
Worth shall be determined based upon the financial statements most recently delivered to the Administrative Agent pursuant to Section 8.01(a) or (b), unless the U.S. Borrower has not delivered such financial statements within 30 days of the
last day of the most recently ended Fiscal Quarter, in which case Consolidated Net Worth shall be determined based upon internally prepared financial statements of the U.S. Borrower and its Subsidiaries until such time as the U.S. Borrower delivers
financial 
  

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 statements for such Fiscal Quarter to the Administrative Agent pursuant to Section 8.01(a) or (b) for such
Fiscal Quarter (at which time Consolidated Net Worth shall be determined based upon such delivered financial statements), provided that if at any time subsequent to the delivery of any such financial statements described above, there are
subsequent adjustments thereto (or to the financial results described therein), such subsequent adjustments shall be given full force and effect and (y) Consolidated Total Net Indebtedness shall be the actual Consolidated Total Net Indebtedness
at such time. In determining the ratio of Consolidated Total Net Indebtedness to Consolidated Total Capitalization at any time, actual Consolidated Total Net Indebtedness on the respective date of determination shall be used, with Consolidated Net
Worth to be determined based on the last available calculation of Consolidated Net Worth as calculated pursuant to the proviso to the immediately preceding sentence; provided, further, that such Consolidated Net Worth shall be adjusted
for any issuance of Equity Interests of the U.S. Borrower and for any Dividends actually paid by the U.S. Borrower and/or its respective Subsidiaries (to Persons other than the U.S. Borrower and Subsidiaries thereof), after the date of the
respective calculation of Consolidated Net Worth and on or prior to the date of the next determination of Consolidated Net Worth as described above. 
 9.09 Modifications of Certain Agreements. The U.S. Borrower will not, and will not permit any of its Subsidiaries to amend or modify, or permit the amendment or modification of, any provision of any
Reorganization Document or any New Senior Notes Document (after the execution and delivery thereof), in a manner materially adverse to the interests of the Lenders (in their capacity as Lenders). 
 9.10 Limitation on Certain Restrictions on Subsidiaries. The U.S. Borrower will not, and will not permit any of its Subsidiaries to, directly or
indirectly, create or otherwise cause or suffer to exist or become effective any encumbrance or restriction on the ability of any such Subsidiary to (a) pay dividends or make any other distributions on its capital stock or any other Equity
Interest or participation in its profits owned by the U.S. Borrower or any of its Subsidiaries, or pay any Indebtedness owed to the U.S. Borrower or any of its Subsidiaries, (b) make loans or advances to the U.S. Borrower or any of its
Subsidiaries or (c) transfer any of its properties or assets to the U.S. Borrower or any of its Subsidiaries, except for such encumbrances or restrictions existing under or by reason of (i) applicable law, (ii) this Agreement and the
other Credit Documents, (iii) after the execution and delivery thereof, the New Senior Notes Documents, (iv) customary provisions restricting subletting or assignment of any lease governing any leasehold interest of the U.S. Borrower or
any of its Subsidiaries, (v) customary provisions restricting assignment of any licensing agreement (in which the U.S. Borrower or any of its Subsidiaries is the licensee) or other contract entered into by the U.S. Borrower or any of its
Subsidiaries in the ordinary course of business, (vi) restrictions on the transfer of any asset pending the close of the sale of such asset, (vii) the Contingent Note, (viii) restrictions on the transfer of any asset subject to a Lien
permitted by Section 9.01(iii), (vi), (vii), (xi), (xii), (xiii), (xiv), (xv), (xvi), (xvii), (xviii), (xix) or (xx); or (xix) with respect to any Non- Wholly Owned Subsidiary, any agreement requiring the consent of each Person
holding Equity Interests in such Non-Wholly Owned Subsidiary for such Non-Wholly Owned Subsidiary to pay dividends or make any other distributions on its capital stock or any other Equity Interests. 
  

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 9.11 Intercompany Subordination Agreement. Notwithstanding anything to the contrary contained in
this Agreement, at no time shall any Credit Party be an obligor with respect to any Intercompany Loan made to it by any Subsidiary of the U.S. Borrower that is not a Credit Party, unless each obligor (including each Person which is a guarantor
thereof) and each obligee with respect thereto are party to the Intercompany Subordination Agreement, except that a Foreign Subsidiary of the U.S. Borrower shall not be required to be a party to the Intercompany Subordination Agreement to the extent
prohibited by applicable law. 
 SECTION 10. Events of Default. Upon the occurrence of any of the following specified events (each, an
“Event of Default”): 
 10.01 Payments. Any Borrower shall default, and such default shall continue unremedied for
three or more Business Days, in the payment when due of principal of any Loan or any Note or any interest on any Loan or Note, or shall default, and such default shall continue unremedied for five or more Business Days, in the payment when due of
any Unpaid Drawing or any Fees or any other amounts owing hereunder or under any other Credit Document; or 
 10.02 Representations,
etc. Any representation, warranty or statement made or deemed made by any Credit Party herein or in any other Credit Document or in any certificate delivered to the Administrative Agent or any Lender pursuant hereto or thereto shall prove to be
untrue in any material respect on the date as of which made or deemed made; or 
 10.03 Covenants. The U.S. Borrower or any of its
Subsidiaries shall (i) default in the due performance or observance by it of any term, covenant or agreement contained in Section 8.01(e)(i), 8.04 (with respect to the existence of any Borrower), 8.08 or 8.10 or Section 9 or
(ii) default in the due performance or observance by it of any other term, covenant or agreement contained in this Agreement (other than those set forth in Sections 10.01 and 10.02) or any other Credit Document and such default shall continue
unremedied for a period of 30 days after written notice thereof to the defaulting party by the Administrative Agent or any Lender; or 
 10.04 Default Under Other Agreements. (i) The U.S. Borrower or any of its Subsidiaries shall (x) default in any payment of any Indebtedness (other than the Obligations) beyond the period of grace, if any, provided in an
instrument or agreement under which such Indebtedness was created or (y) default in the observance or performance of any agreement or condition relating to any Indebtedness (other than the Obligations) or contained in any instrument or
agreement evidencing, securing or relating thereto, or any other event shall occur or condition exist, the effect of which default or other event or condition is to cause, or to permit the holder or holders of such Indebtedness (or a trustee or
agent on behalf of such holder or holders) to cause (determined without regard to whether any notice is required, but after giving effect to any applicable grace periods), any such Indebtedness to become due prior to its stated maturity, or
(ii) any Indebtedness (other than the Obligations) of the U.S. Borrower or any of its Subsidiaries shall be declared to be (or shall become) due and payable, or required to be prepaid other than by a regularly scheduled required prepayment,
prior to the stated maturity thereof, provided that it shall not be a Default or an Event of Default under this Section 10.04 unless the aggregate principal amount of all Indebtedness as described in preceding clauses (i) and
(ii) is at least $75,000,000; or 
  

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 10.05 Bankruptcy, etc. The U.S. Borrower or any other Credit Party shall commence a voluntary case
concerning itself under Title 11 of the United States Code entitled “Bankruptcy,” as now or hereafter in effect, or any successor thereto (the “Bankruptcy Code”); or an involuntary case is commenced against the U.S.
Borrower or any other Credit Party, and the petition is not dismissed within sixty days after the filing thereof, provided, however, that during the pendency of such period, each Lender shall be relieved of its obligation to extend
credit hereunder; or a custodian (as defined in the Bankruptcy Code) is appointed for, or takes charge of, all or substantially all of the property of the U.S. Borrower or other Credit Party, to operate all or any substantial portion of the business
of the U.S. Borrower or any other Credit Party, or the U.S. Borrower or any other Credit Party commences any other proceeding under any reorganization, arrangement, adjustment of debt, relief of debtors, dissolution, insolvency or liquidation or
similar law of any jurisdiction whether now or hereafter in effect relating to the U.S. Borrower or any other Credit Party, or there is commenced against the U.S. Borrower or any other Credit Party any such proceeding which remains undismissed for a
period of sixty days after the filing thereof, or the U.S. Borrower or any other Credit Party is adjudicated insolvent or bankrupt; or any order of relief or other order approving any such case or proceeding is entered; or the U.S. Borrower or any
other Credit Party makes a general assignment for the benefit of creditors; or any Company action is taken by the U.S. Borrower or any other Credit Party for the purpose of effecting any of the foregoing; or 
 10.06 ERISA. If (i) any Plan shall fail to satisfy the minimum funding standards of ERISA or the Code for any plan year or part thereof or a
waiver of such standards or extension of any amortization period is sought or granted under section 412 of the Code, (ii) a notice of intent to terminate any Plan shall have been or is reasonably expected to be filed with the PBGC or the PBGC
shall have instituted proceedings under ERISA section 4042 to terminate or appoint a trustee to administer any Plan or the PBGC shall have notified the U.S. Borrower, any of its Subsidiaries, or any ERISA Affiliate that a Plan may become a subject
of any such proceedings, (iii) there is an “amount of unfunded benefit liabilities” (within the meaning of section 4001(a)(18) of ERISA) under any Plan, determined in accordance with Title IV of ERISA, or an amount (if any) by which
the present value of accrued benefit liabilities under any Non-U.S. Plan exceeds the aggregate current value of the assets of such Non-U.S. Plan allocable to such liabilities, (iv) the U.S. Borrower, any of its Subsidiaries, or any ERISA
Affiliate shall have incurred or is reasonably expected to incur any liability pursuant to Title I or IV of ERISA or the penalty or excise tax provisions of the Code relating to employee benefit plans, (v) the U.S. Borrower, any of its
Subsidiaries, or any ERISA Affiliate withdraws from any Multiemployer Plan, (vi) the U.S. Borrower, any of its Subsidiaries, or any ERISA Affiliate establishes or amends any employee welfare benefit plan that provides post-employment welfare
benefits in a manner that would increase the liability of the U.S. Borrower, any of its Subsidiary, or any ERISA Affiliate, (vii) the U.S. Borrower, any of its Subsidiaries, or any ERISA Affiliate fails to administer or maintain a Plan or
Non-U.S. Plan in compliance with the requirements of any and all applicable laws, statutes, rules, regulations or court orders or any Plan or Non-U.S. Plan is involuntarily terminated or wound up, or (viii) the U.S. Borrower, any of its
Subsidiaries, or any ERISA Affiliate becomes subject to the imposition of a financial penalty (which for this purpose shall mean any tax, penalty, or other liability, whether by way of indemnity or otherwise) with respect to one or more Plan or
Non-U.S. Plan; and any such event or events described in clauses (i) through (viii) above, either individually or together with any other such event or events, could reasonably be expected to have a Material Adverse Effect. As used in
Section 10.06, the terms “employee benefit plan” and “employee welfare benefit plan” shall have the respective meanings assigned to such terms in section 3 of ERISA, the term “benefit
liabilities” has the meaning specified in Section 4001 of ERISA. 
  

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 10.07 Judgments. One or more judgments or decrees shall be entered against the U.S. Borrower or
any Subsidiary of the U.S. Borrower involving in the aggregate for the U.S. Borrower and its Subsidiaries a liability (not paid or to the extent not covered by a reputable and solvent insurance company) and such judgments and decrees either shall be
final and non-appealable or shall not be vacated, discharged or stayed or bonded pending appeal for any period of 30 consecutive days, and the aggregate amount of all such judgments equals or exceeds $75,000,000; or 
 10.08 Change of Control. A Change of Control shall occur; 
 10.09 Guaranties. Any Guaranty shall cease to be in full force or effect (except in accordance with the terms thereof) as to the relevant Guarantor, or any Guarantor or Person acting by or on behalf of such
Guarantor shall deny or disaffirm such Guarantor’s obligations under the relevant Guaranty; 
 then, and in any such event, and at any time thereafter,
if any Event of Default shall then be continuing, the Administrative Agent, upon the written request of the Required Lenders, shall by written notice to the U.S. Borrower, take any or all of the following actions, without prejudice to the rights of
the Administrative Agent, any Lender or the holder of any Note to enforce its claims against any Credit Party (provided that, if an Event of Default specified in Section 10.05 shall occur with respect to any Credit Party, the result
which would occur upon the giving of written notice by the Administrative Agent as specified in clauses (i) and (ii) below shall occur automatically without the giving of any such notice): (i) declare the Total Commitment terminated,
whereupon all Commitments of each Lender shall forthwith terminate immediately and any RL Commitment Commission and any TL Commitment Commission shall forthwith become due and payable without any other notice of any kind; (ii) declare the
principal of and any accrued interest in respect of all Loans and the Notes and all Obligations owing hereunder (including the Face Amount of all outstanding Bankers’ Acceptance Loans and all Unpaid Drawings) and thereunder to be, whereupon the
same shall become, forthwith due and payable without presentment, demand, protest or other notice of any kind, all of which are hereby waived by each Credit Party; (iii) terminate any Letter of Credit which may be terminated in accordance with
its terms; (iv) direct each Credit Party to pay (and each Credit Party agrees that upon receipt of such notice, or upon the occurrence of an Event of Default specified in Section 10.05 with respect to such Credit Party, it will pay) to the
Administrative Agent at the Payment Office such additional amount of cash or Cash Equivalents, to be held as security by the Administrative Agent, as is equal to the aggregate Stated Amount of all Letters of Credit issued for the account of such
Borrower and then outstanding; and (v) apply any cash collateral held by the Administrative Agent pursuant to Section 4.02 to the repayment of the Obligations. 
 SECTION 11. Definitions. As used herein, the following terms shall have the meanings herein specified unless the context otherwise requires. Defined terms in this Agreement shall include in the singular number
the plural and in the plural the singular: 
 “Absolute Rate” shall mean an interest rate (rounded to the nearest .0001)
expressed as a decimal. 
  

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 “Absolute Rate Borrowing” shall mean a Competitive Bid Borrowing with respect to which
the U.S. Borrower has requested that the Bidder Lenders offer to make Competitive Bid Loans at Absolute Rates. 
 “Account
Party” shall mean, with respect to Letters of Credit, the U.S. Borrower, the European Borrower or the Canadian Borrower, as the case may be. 
 “Ackerman Appeal” shall mean any appeal by Joel Ackerman of the Confirmation Order or of the order of the Bankruptcy Court dated October 19, 2006 denying Joel Ackerman’s Motion for
Reconsideration of Conclusions Confirming Owens Corning’s Sixth Amended Joint Plan of Reorganization or any other pleading filed with any court by Joel Ackerman challenging any portion of the Plan of Reorganization. 
 “Acquired Entity” shall mean any Person acquired pursuant to a Permitted Acquisition. 
 “Acquisition” shall have the meaning provided in Section 9.02. 
 “Additional Cost Rate” shall mean the percentage per annum equal to the quotient of (A) the product of (x) the amount equal to
the average of the rate of charge payable by each Reference Bank to the Financial Services Authority pursuant to the Fees Rules in respect of the relevant financial year of the Financial Services Authority (calculated for this purpose by each
Reference Bank as being the average of the Fee Tariffs applicable to the respective Reference Bank for that financial year) and expressed in pounds per £1,000,000 of the Tariff Base of that Reference Bank; multiplied by (y) 0.01,
divided by (B) 300. 
 “Administrative Agent” shall have the meaning provided in the first paragraph of this Agreement
and shall include any successor to the Administrative Agent appointed pursuant to Section 12.10; provided that as used herein and in the other Credit Documents, for purposes of actions to be taken hereunder, notices to be received or
given and payments to be received or made by the Canadian Borrower in respect of all borrowings under, and issuances of Letters of Credit pursuant to, the Canadian Facility Revolving Loan Commitments, the term “Administrative Agent” shall
mean the Canadian Sub-Agent. 
 “Affiliate” shall mean, with respect to any Person, any other Person directly or indirectly
controlling (including, but not limited to, all directors and officers of such Person), controlled by, or under direct or indirect common control with, such Person. A Person shall be deemed to control another Person if such Person possesses,
directly or indirectly, the power (i) to vote 15% or more of the securities having ordinary voting power for the election of directors (or equivalent governing body) of such Person or (ii) to direct or cause the direction of the management
and policies of such other Person, whether through the ownership of voting securities, by contract or otherwise; provided, however, that none of the Administrative Agent, any Lender or any of their respective Affiliates shall be
considered an Affiliate of the U.S. Borrower or any Subsidiary thereof by reason of its acting in its capacities as such and none of the Asbestos Personal Injury Trust or any of its respective Affiliates shall be considered an 
  

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 Affiliate of the U.S. Borrower or any Subsidiary thereof by reason of holding any property for distribution to its
beneficiaries. 
 “Aggregate Canadian Facility RL Exposure” at any time shall mean the sum of (i) the aggregate
principal amount of all Canadian Facility Revolving Loans then outstanding (for this purpose, using the Dollar Equivalent of each Canadian Dollar Denominated Revolving Loan then outstanding) and (ii) the aggregate amount of all Canadian
Facility Letter of Credit Outstandings (using the Dollar Equivalent of all amounts expressed in Canadian Dollars) at such time. 
 “Aggregate Dollar Facility RL Exposure” at any time shall mean the sum of (i) the aggregate principal amount of all Dollar Facility Revolving Loans and Competitive Bid Loans then outstanding, (ii) the aggregate
amount of all Dollar Facility Letter of Credit Outstandings at such time and (iii) the aggregate principal amount of all Swingline Loans then outstanding. 
 “Aggregate Euro Facility RL Exposure” at any time shall mean the sum of (i) the aggregate principal amount of all Euro Facility Revolving Loans then outstanding (for this purpose, using the
Dollar Equivalent of each Euro Denominated Revolving Loan then outstanding) and (ii) the aggregate amount of all Euro Facility Letter of Credit Outstandings (using the Dollar Equivalent of all amounts expressed in Euros) at such time.

 “Agreement” shall mean this Credit Agreement, as modified, supplemented, amended, restated (including any amendment and
restatement hereof), extended, renewed, refinanced and/or replaced from time to time. 
 “Applicable Commitment Fee
Percentage” shall mean, for any day, the rate per annum set forth below opposite the Applicable Period then in effect: 
  

			
	 Applicable Period
	  	 Applicable Commitment Fee Percentage

	 Category A Period
	  	0.080%
	 Category B Period
	  	0.100%
	 Category C Period
	  	0.125%
	 Category D Period
	  	0.150%
	 Category E Period
	  	0.175%
	 Category F Period
	  	0.375%

 “Applicable Credit Rating” shall mean (i) the Moody’s Credit Rating and
the S&P Credit Rating, if equivalent; (ii) if the Moody’s Credit Rating is Ba1 or better and the S&P Credit Rating is BB+ or better (in each case with stable or better outlook if the Moody’s Credit Rating is Ba1 or the S&P
Credit Rating is BB+), the rating level of the higher of such ratings; and (iii) if the Moody’s Credit Rating or the S&P Credit Rating specified in preceding clauses (i) and (ii) are not applicable (for any reason), the
rating level of the lower of such ratings; provided that, in any event, (x) if the Moody’s Credit Rating and the S&P Credit Rating differ by two or more rating levels, the Applicable Credit Rating shall be one rating level
higher than the lower of such ratings and (y) if only one Rating Agency provides a corporate credit rating of the U.S. 
  

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 Borrower, such rating shall be the Applicable Credit Rating unless the other Rating Agency ceased rating the U.S.
Borrower at the request of the U.S. Borrower, in which case the Applicable Credit Rating shall be deemed to be below Ba1/BB+. 
 “Applicable Currency” shall mean (i) with respect to any Loan, the Available Currency in which such Loan was incurred and (ii) with respect to any Letter of Credit, the Available Currency in which such Letter of
Credit was denominated. 
 “Applicable Margin” shall mean the rate per annum set forth below opposite the Applicable Period
then in effect: 
  

							
	 	  	Applicable Margin	 
	 Applicable Period
	  	Euro Rate Loans	 	 	 Base Rate Loans/
 Canadian Prime Rate
Loans
	 
	 Category A Period
	  	0.375	%	 	0.00	%
	 Category B Period
	  	0.500	%	 	0.00	%
	 Category C Period
	  	0.625	%	 	0.00	%
	 Category D Period
	  	0.750	%	 	0.00	%
	 Category E Period
	  	0.875	%	 	0.00	%
	 Category F Period
	  	1.250	%	 	0.25	%

 “Applicable Period” shall mean, at any time, the period set forth below then in
effect: 
  

			
	 Applicable Period
	 	 Criteria

	Category A Period	 	The Applicable Credit Rating is A3 and A- or above.
		
	Category B Period	 	The Applicable Credit Rating is Baa1 and BBB+.
		
	Category C Period	 	The Applicable Credit Rating is Baa2 and BBB.
		
	Category D Period	 	The Applicable Credit Rating is Baa3 and BBB-.
		
	Category E Period	 	The Applicable Credit Rating is Ba1 and BB+.
		
	Category F Period	 	None of a Category A Period, a Category B Period, a Category C Period, a Category D Period or a Category E Period is in effect at such time.

  

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 Notwithstanding anything to the contrary set forth above, if neither Rating Agency provides a corporate
credit rating of the U.S. Borrower, then the Applicable Period shall be a Category F Period. 
 “Asbestos Personal Injury
Trust” shall mean the trust established pursuant to the Plan of Reorganization in accordance with the requirements of Section 524(g) of the Bankruptcy Code. 
 “Asset Sale” shall mean any sale, transfer or other disposition by the U.S. Borrower or any of its Subsidiaries to any Person other than the U.S. Borrower or any Subsidiary of the U.S. Borrower of any
asset or Property (including, without limitation, any capital stock or other securities of, or other Equity Interests in, another Person, but excluding the sale by the U.S. Borrower of its own capital stock) of the U.S. Borrower or such Subsidiary
other than (i) sales, transfers or other dispositions of inventory made in the ordinary course of business or (ii) sales or liquidations of Cash Equivalents, it being understood and agreed that the grant of a Lien by the U.S. Borrower or
any of its Subsidiaries in favor of another Person shall not in and of itself constitute an “Asset Sale” for purposes of this definition. 
 “Asset Securitization” shall mean a sale, other transfer or factoring arrangement by the U.S. Borrower and/or one or more of its Subsidiaries of accounts, related general intangibles and chattel paper, and the related
security and collections with respect thereto to a special purpose Subsidiary (an “SPV”), and the sale, pledge or other transfer by that SPV in connection with financing provided to that SPV, which financing shall be
“non-recourse” to the U.S. Borrower and its Subsidiaries (other than the SPV) except pursuant to the Standard Securitization Undertakings. 
 “Assignment and Assumption Agreement” shall mean the Assignment and Assumption Agreement substantially in the form of Exhibit M (appropriately completed). 
 “Assumed Liabilities” shall mean liabilities of Old Owens and its Subsidiaries assumed by the U.S. Borrower and its Subsidiaries
pursuant to the Plan of Reorganization. 
 “Attributable Securitization Indebtedness” shall mean, at any time with respect
to an Asset Securitization by the U.S. Borrower or any of its Subsidiaries, the principal amount of Indebtedness which (a) if the financing received by an SPV as part of such Asset Securitization is treated as a secured lending arrangement, is
the principal amount of such Indebtedness, or (b) if the financing received by the relevant SPV is structured as a purchase agreement, would be outstanding at such time if such financing were structured as a secured lending arrangement rather
than a purchase agreement, and in any such case which Indebtedness is without recourse to the U.S. Borrower or any of its Subsidiaries (other than such SPV or pursuant to Standard Securitization Undertakings). 
 “Authorized Officer” shall mean, with respect to (i) delivering Notices of Borrowing, Notices of Conversion/Confirmation, Letter of
Credit Requests and similar notices, any person (or any person delegated authority by such person) that have been authorized by the board of directors or equivalent body of any Credit Party to deliver such notices pursuant to this Agreement and that
has or have appropriate signature cards on file with the Administrative 
  

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 Agent, the Swingline Lender and the respective Issuing Lender; (ii) delivering financial information and
officer’s certificates pursuant to this Agreement, the chief financial officer, the treasurer or other financial officer (including a controller) of the U.S. Borrower; and (iii) any other matter in connection with this Agreement or any
other Credit Document, any officer (or a person or persons so designated by any two officers) of the U.S. Borrower. 
 “Available
Currency” shall mean (i) with respect to European Borrower Euro Facility Revolving Loans and European Borrower Euro Facility Letters of Credit, Dollars and Euros, (ii) with respect to U.S. Borrower Euro Facility Revolving Loans
and U.S. Borrower Euro Facility Letters of Credit, Dollars, (iii) with respect to Canadian Borrower Canadian Facility Revolving Loans and Canadian Borrower Canadian Facility Letters of Credit, Dollars and Canadian Dollars, and (iv) with
respect to U.S. Borrower Canadian Facility Revolving Loans and U.S. Borrower Canadian Facility Letters of Credit, Dollars. 
 “B/A
Discount Proceeds” shall mean, in respect of any Bankers’ Acceptance or Draft issued by the Canadian Borrower to be purchased by a Canadian Facility RL Lender on any date pursuant to Section 1.01(d), as the case may be, and
Schedule III hereto, the remainder of (i) the result (rounded to the nearest whole Canadian cent, and with one-half of one Canadian cent being rounded up) calculated on such day by dividing the aggregate Face Amount of such Bankers’
Acceptance or Draft by the sum of one plus the product of (x) the Reference Discount Rate (expressed as a decimal) applicable to such Bankers’ Acceptance or Draft multiplied by (y) a fraction, the numerator of which is the
number of days in the term of such Bankers’ Acceptance or Draft and the denominator of which is 365; minus (ii) the aggregate applicable Drawing Fee with such product being rounded up or down to the fifth decimal place and .000005
being rounded up. 
 “B/A Equivalent Note” shall have the meaning provided in Schedule III hereto. 
 “B/A Instruments” shall mean, collectively, Bankers’ Acceptances, Drafts and B/A Equivalent Notes, and, in the singular, any one of
them. 
 “B/A Lender” shall mean any Canadian Facility RL Lender which is not a Non-B/A Lender. 
 “Bankers’ Acceptance” shall mean a Draft drawn by the Canadian Borrower and accepted by a Canadian Facility RL Lender pursuant to
Section 1.01(d), and Schedule III hereto. 
 “Bankers’ Acceptance Loans” shall mean (i) the acceptance by a
B/A Lender of Bankers’ Acceptances or (ii) the issuance by the Canadian Borrower and purchase by a Non-B/A Lender of completed Drafts and the exchange of such Drafts for B/A Equivalent Notes, in each case as contemplated in Sections
1.01(d) and Schedule III hereto. 
 “Bankruptcy Code” shall have the meaning provided in Section 10.05. 
 “Bankruptcy Court” shall mean the United States Bankruptcy Court for the District of Delaware. 
  

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 “Base Rate” at any time shall mean the higher of (x) the rate which is 1/2 of 1% in
excess of the Federal Funds Rate at such time and (y) (i) solely in the case of Canadian Borrower Canadian Facility Revolving Loans and Canadian Borrower Canadian Facility Letters of Credit, in each case denominated in Dollars, the
Canadian Prime Lending Rate or (ii) in each other case, the Prime Lending Rate, at such time. 
 “Base Rate Loan” shall
mean (i) each Swingline Loan, and (ii) each other Dollar Denominated Loan which is designated or deemed designated as a Base Rate Loan by the respective Borrower at the time of the incurrence thereof or conversion thereto. 
 “Bidder Lender” shall mean each Lender that has notified in writing (and has not withdrawn such notice) the Administrative Agent that it
desires to participate generally in the bidding arrangements relating to Competitive Bid Borrowings. 
 “Borrower” shall
mean the U.S. Borrower and each Subsidiary Borrower. 
 “Borrowing” shall mean (x) the borrowing of one Type of Loan
pursuant to a single Tranche by a Borrower from all the Lenders having Commitments with respect to such Tranche (or from the Swingline Lender, in the case of Swingline Loans) on a given date (or resulting from a conversion or conversions on such
date), having in the case of Euro Rate Loans the same Interest Period and having, in the case of Bankers’ Acceptance Loans, the same maturity date, provided that Base Rate Loans incurred pursuant to Section 1.11(b) shall be
considered part of the related Borrowing of Eurodollar Loans and (y) a Competitive Bid Borrowing. 
 “Business Day”
shall mean (i) for all purposes other than as covered by clauses (ii) and (iii) below, any day except Saturday, Sunday and any day which shall be in New York City a legal holiday or a day on which banking institutions are
authorized or required by law or other government action to close and (ii) with respect to all notices and determinations in connection with, and payments of principal and interest on or with respect to, Euro Denominated Loans or Eurodollar
Loans, any day which is a Business Day described in clause (i) and which is also (A) a day for trading by and between banks in Dollars or Euros, as the case may be, deposits in the London interbank market and which shall not be a legal
holiday or a day on which banking institutions are authorized or required by law or other government action to close in London or New York City and (B) in relation to any payment in Euros, a day on which the Trans-European Automated Real-Time
Gross Settlement Express Transfer (TARGET) System is open and (iii) with respect to all notices and determinations in connection with, and payments of principal (or, Face Amount, as applicable), Unpaid Drawings and interest on, Canadian
Facility Revolving Loans or any Canadian Facility Letters of Credit, any day which is a Business Day described in clauses (i) and, if relevant, (ii) above and which is also a day which is not a legal holiday or a day on which banking
institutions are authorized or required by law or other government action to close in Toronto, Ontario. 
 “Canadian
Borrower” shall mean a Wholly-Owned Subsidiary of the U.S. Borrower organized under the laws of Canada or a province thereof that has satisfied the conditions specified in Section 5B to become same. 
  

 -86- 

 “Canadian Borrower Canadian Facility Revolving Loan” shall have the meaning provided in
Section 1.01(d). 
 “Canadian Borrower Canadian Facility Revolving Note” shall have the meaning provided in
Section 1.06(b). 
 “Canadian Borrower Letter of Credit” shall mean each Canadian Facility Letter of Credit issued for
the account of the Canadian Borrower pursuant to Section 2.01 and designated as such by the Canadian Borrower in the respective Letter of Credit Request. 
 “Canadian Dollar Denominated Letter of Credit” shall mean each Canadian Facility Letter of Credit denominated in Canadian Dollars at the time of issuance. 
 “Canadian Dollar Denominated Letter of Credit Outstandings” shall mean, at any time, the sum of (i) the aggregate stated amount of
all outstanding Canadian Dollar Denominated Letters of Credit at such time and (ii) the aggregate amount of all Unpaid Drawings with respect to Canadian Dollar Denominated Letters of Credit at such time. 
 “Canadian Dollar Denominated Loan” shall mean all Loans denominated in Canadian Dollars. 
 “Canadian Dollar Denominated Revolving Loan” shall mean each Canadian Facility Revolving Loan denominated in Canadian Dollars at the
time of incurrence thereof. 
 “Canadian Dollar Equivalent” shall mean, at any time for the determination thereof, the
amount of Canadian Dollars which could be purchased with the amount of Dollars involved in such computation at the spot rate of exchange therefor as quoted by the Administrative Agent as of 11:00 A.M. (New York time) on the date two Business Days
prior to the date of any determination thereof for purchase on such date (or, in the case of any determination pursuant to Section 13.20 of this Agreement, on the date of determination). 
 “Canadian Dollar L/C Stated Amount” shall mean with respect to each Canadian Dollar Denominated Letter of Credit at any time, the
maximum amount available to be drawn thereunder (expressed in Canadian Dollars) (in each case determined without regard to whether any conditions to drawing could then be met, but after giving effect to all previous drawings made thereunder).

 “Canadian Dollars” and “C$” shall mean freely transferable lawful money of Canada (expressed in Canadian
dollars). 
 “Canadian Facility Letter of Credit” shall mean each Letter of Credit (which must be denominated in an
Applicable Currency) issued for the account of the U.S. Borrower or the Canadian Borrower, as the case may be, pursuant to Section 2.01 and designated as such by the U.S. Borrower or the Canadian Borrower, as the case may be, in the respective
Letter of Credit Request. 
 “Canadian Facility Letter of Credit Outstandings” shall mean, at any time, the sum of
(i) the aggregate Stated Amount of all outstanding Canadian Facility Letters of Credit and 
  

 -87- 

 (ii) the aggregate amount of all Unpaid Drawings in respect of all Canadian Facility Letters of Credit. 
 “Canadian Facility Revolving Loan” shall have the meaning provided in Section 1.01(d). 
 “Canadian Facility Revolving Loan Commitment” shall mean, for each Lender, the amount set forth opposite such Lender’s name on
Schedule I hereto directly below the column entitled “Canadian Facility Revolving Loan Commitment”, as same may be (x) reduced from time to time and/or terminated pursuant to Section 3.02, 3.03, 4.02 and/or 10 or
(y) adjusted from time to time as a result of assignments to or from such Lender pursuant to Section 1.14 or 13.04(b). 
 “Canadian Facility RL Lender” shall mean any Lender with a Canadian Facility Revolving Loan Commitment (without giving effect to any termination of the Total Canadian Facility Revolving Loan Commitment if any Canadian
Facility Letter of Credit Outstandings remain outstanding) or outstanding Canadian Facility Revolving Loans (or any participation in any Canadian Facility Letter of Credit Outstandings). 
 “Canadian Facility RL Percentage” shall mean with respect to any Canadian Facility RL Lender at any time, that percentage which is equal
to a fraction (expressed as a percentage) the numerator of which is the Canadian Facility Revolving Loan Commitment of such Canadian Facility RL Lender at such time and the denominator of which is the Total Canadian Facility Revolving Loan
Commitment at such time, provided that if any such determination is to be made after the Total Canadian Facility Revolving Loan Commitment (and the related Canadian Facility Revolving Loan Commitments of the Lenders) has (or have) terminated,
the determination of such percentages shall be made immediately before giving effect to such termination (but giving effect to assignments made thereafter in accordance with Section 13.04(b)). 
 “Canadian Prime Lending Rate” shall mean the rate which Citibank Canada (or another Canadian bank or Canadian branch of a United States
bank, in each case, of recognized standing reasonably selected by the Administrative Agent in consultation with the Canadian Borrower) announces from time to time as its prime lending rate for commercial loans denominated in Dollars at its principal
office in Toronto, the Canadian Prime Lending Rate to change when and as such prime lending rate changes. The Canadian Prime Lending Rate is a reference rate and does not necessarily represent the lowest or best rate actually charged to any
customer. Citibank Canada (or such other bank as may be selected by the Administrative Agent) may make commercial loans or other loans denominated in Dollars at rates of interest at, above or below the Canadian Prime Lending Rate. 
 “Canadian Prime Rate” means, for any day, the rate of interest per annum equal to the per annum rate of interest quoted or established
as the “prime rate” of the Canadian Sub-Agent which it quotes or establishes for such day as its reference rate of interest in order to determine interest rates for commercial loans made by it in Canadian Dollars in Canada to its Canadian
borrowers, adjusted automatically with each quoted or established change in such rate, all without the necessity of any notice to any Borrower or any other Person. 
  

 -88- 

 “Canadian Prime Rate Loans” shall mean any Canadian Dollar Denominated Loan designated
or deemed designated as such by the Canadian Borrower at the time of the incurrence thereof or conversion thereto. 
 “Canadian
Resident” shall mean, at any time, a Person who at that time is (a) not a non-resident of Canada for purposes of the Income Tax Act (Canada); (b) an authorized foreign bank deemed to be resident in Canada for purposes of Part XIII
of the Income Tax Act (Canada) in respect of all amounts payable to such Person pursuant to such Loans or Letters of Credit, as the case may be; (c) a Canadian partnership, within the meaning of that term for the purposes of paragraph
212(13.1)(b) of the Income Tax Act (Canada); or (d) not liable for withholding tax pursuant to Part XIII of the Income Tax Act (Canada) in respect of all amounts payable to such Person pursuant to such Loans or Letters of Credit, as the case
may be. 
 “Canadian Sub-Agent” shall mean Citibank Canada, or any other Affiliate of Citibank or Citibank Canada which is a
Canadian Resident and which is designated by Citibank to act in such capacity. 
 “Capital Lease” shall mean, as applied to
any Person, any lease of any Property by that Person as lessee which, in conformity with U.S. GAAP, is accounted for as a capital lease on the balance sheet of that Person. 
 “Capitalized Lease Obligations” shall mean, with respect to any Person, all obligations under Capital Leases of such Person, in each
case taken at the amount thereof accounted for as indebtedness in accordance with U.S. GAAP. 
 “Cash Equivalents” shall
mean, as to any Person, (i) securities issued or directly and fully guaranteed or insured by the United States or any agency or instrumentality thereof (provided that the full faith and credit of the United States is pledged in support
thereof) having maturities of not more than six months from the date of acquisition, (ii) marketable direct obligations issued by any state of the United States or any political subdivision of any such state or any public instrumentality
thereof maturing within six months from the date of acquisition thereof and, at the time of acquisition, having one of the two highest ratings obtainable from either S&P or Moody’s, (iii) Dollar denominated time deposits, certificates
of deposit and bankers acceptances of any Lender or any commercial bank having, or which is the principal banking subsidiary of a bank holding company having, a long-term unsecured debt rating of at least “A” or the equivalent thereof from
S&P or “A2” or the equivalent thereof from Moody’s with maturities of not more than six months from the date of acquisition by such Person, (iv) repurchase obligations with a term of not more than seven days for underlying
securities of the types described in clause (i) above entered into with any bank meeting the qualifications specified in clause (iii) above, (v) commercial paper issued by any Person incorporated in the United States rated at least
A-1 or the equivalent thereof by S&P or at least P-1 or the equivalent thereof by Moody’s and in each case maturing not more than six months after the date of acquisition by such Person, (vi) investments in money market funds
substantially all of whose assets are comprised of securities of the types described in clauses (i) through (v) above, and (vii) in the case of any Foreign Subsidiary only, direct obligations of the sovereign nation (or any agency
thereof) in which such Foreign Subsidiary is organized and is conducting business or in obligations fully and unconditionally guaranteed by such sovereign nation (or any agency thereof). 
  

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 “Change of Control” shall mean (i) the U.S. Borrower shall at any time cease to own
directly or indirectly 100% of the Equity Interests of each Subsidiary Borrower (other than director’s qualifying shares and/or other nominal amounts of shares required by applicable law to be held by Persons other than such Person),
(ii) any “Person” or “Group” (within the meaning of Sections 13(d) and 14(d) under the Exchange Act) is or shall (A) be the “beneficial owner” (as so defined in Rules 13(d)-3 and 13(d)-5 under the Exchange
Act) of 40% or more on a fully diluted basis of the aggregate ordinary voting power represented by the U.S. Borrower’s capital stock or other Equity Interests or (B) have obtained the power (whether or not exercised) to elect a majority of
the U.S. Borrower’s directors; provided that, no “Change of Control” shall be deemed to occur under this clause (ii) solely as a result of the issuance of Equity Interests of the U.S. Borrower on the Plan Effective Date in
exchange for pre-petition Indebtedness of Old Owens to the holders of Claims (as defined in the Plan of Reorganization) as of the Distribution Record Date (as defined in the Plan of Reorganization) pursuant to the Plan of Reorganization, whether by
treating any “Class” of creditors under the Plan of Reorganization as a “Person” or “Group” (within the meaning of Sections 13(d) and 14(d) under the Exchange Act) or otherwise; provided further, that any
“Change of Control” resulting after the initial issuance of Equity Interests of the U.S. Borrower on the Plan Effective Date in exchange for pre-petition Indebtedness of Old Owens to the holders of Claims (as defined in the Plan of
Reorganization) as of the Distribution Record Date (as defined in the Plan of Reorganization) pursuant to the Plan of Reorganization, whether by treating any “Class” of creditors under the Plan of Reorganization as a “Person” or
“Group” (within the meaning of Sections 13(d) and 14(d) under the Exchange Act) or otherwise shall constitute a “Change of Control” for all purposes of this Agreement and the other Credit Documents; provided
further, that during the period from the Plan Effective Date until the 30th day thereafter (but at no time after the expiration of such period), any Equity Interests of the U.S. Borrower to the extent consisting of purchases of Unsubscribed
Shares (as defined in the Plan of Reorganization) on the Plan Effective Date by J.P. Morgan Securities Inc. (or by any other Person which is obligated on the Plan Effective Date to purchase such shares pursuant to the Syndication Agreement) pursuant
to, and in accordance with the terms of the Equity Commitment Agreement (as defined in the Plan of Reorganization) shall not be included in such Person’s (or any “Group” of which such Person is a part) holdings of Equity Interests of
the U.S. Borrower for purposes of this clause (ii) to the extent that such shares would cause the respective “Person” or “Group” to exceed the “40%” threshold otherwise provided above in this clause (ii), in each
case so long as, with respect to the Equity Interests so excluded pursuant to this proviso (and for the period for which they are excluded pursuant to this proviso), the respective owner or “beneficial owner” thereof has not taken any
action to influence or direct the affairs of the U.S. Borrower or its Subsidiaries or the board of directors of U.S. Borrower, (iii) the board of directors of the U.S. Borrower shall cease to consist of a majority of Continuing Directors, or
(iv) a “change of control” or similar event shall occur as provided in, after the execution and delivery thereof, any New Senior Notes Documents. 
 “Citibank” shall mean Citibank, N.A., in its individual capacity, and any successor thereto by merger, consolidation or otherwise. 
 “Citibank Canada” shall mean Citibank N.A., Canadian Branch. 
  

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 “Code” shall mean the Internal Revenue Code of 1986, as amended from time to time, and
the regulations promulgated and rulings issued thereunder. Section references to the Code are to the Code, as in effect at the date of this Agreement and any subsequent provisions of the Code, amendments thereof, supplemental thereto or substituted
therefor. 
 “Commitment” shall mean any of the commitments of any Lender, i.e., whether the Term Loan Commitment,
the Dollar Facility Revolving Loan Commitment, the Euro Facility Revolving Loan Commitment or the Canadian Facility Revolving Loan Commitment of such Lender. 
 “Communications” shall have the meaning provided in Section 13.22(a). 
 “Company” shall mean any corporation, limited liability company, partnership or other domestic or foreign entity or organizational form (or the adjectival form thereof, where appropriate). 
 “Competitive Bid Borrowing” shall mean a Borrowing by the U.S. Borrower of Competitive Bid Loans pursuant to Section 1.04.

 “Competitive Bid Loan” shall have the meaning provided in Section 1.01(e). 
 “Competitive Bid Note” shall have the meaning provided in Section 1.06(b). 
 “Confirmation Order” shall mean the order of the Bankruptcy Court confirming the Plan of Reorganization pursuant to Sections 1128 and
1129 of the Bankruptcy Code entered on September 26, 2006, in form and substance satisfactory to the Administrative Agent and Banc of America Securities LLC. 
 “Consolidated EBITDA” shall mean, for any period, Consolidated Net Income for such period (without giving effect to (x) any extraordinary gains or losses (including extraordinary losses for any
period ending on or before the last day of the first Fiscal Year ending after the Initial Borrowing Date as a result of “fresh start” accounting procedures) and/or any write-off of long-lived or intangible assets), (y) any non-cash
income, and (z) any gains or losses (in excess of $10 million for any sale or group of related sales) from sales of assets other than inventory sold in the ordinary course of business) adjusted by adding thereto (in each case to the extent
deducted in determining Consolidated Net Income for such period), without duplication, the amount of (i) total interest expense (inclusive of amortization of deferred financing fees and other original issue discount and banking fees, charges
and commissions (e.g., letter of credit fees and commitment fees)) of the U.S. Borrower and its Subsidiaries determined on a consolidated basis for such period, (ii) provision for taxes based on income and foreign withholding taxes for
the U.S. Borrower and its Subsidiaries determined on a consolidated basis for such period, (iii) all depreciation and amortization expense of the U.S. Borrower and its Subsidiaries determined on a consolidated basis for such period, including
depletion of precious metals used in manufacturing processes and (iv) in the case of any period that includes the first Fiscal Quarter ended after the Initial Borrowing Date, the amount of all fees and expenses incurred in connection with the
transactions contemplated by the Documents during such Fiscal Quarter. For the avoidance of doubt, it is understood and agreed that, to the extent any amounts are excluded from Consolidated Net Income by virtue of the proviso to the definition
thereof 
  

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 contained herein, any add backs to Consolidated Net Income in determining Consolidated EBITDA as provided above shall be
limited (or denied) in a fashion consistent with the proviso to the definition of “Consolidated Net Income” contained herein. Notwithstanding anything to the contrary contained above, for purposes of determining Consolidated EBITDA for any
Test Period which ends prior to the first anniversary of the Initial Borrowing Date, Consolidated EBITDA for all portions of such period occurring prior to the Initial Borrowing Date shall be calculated in accordance with the definition of
“Test Period” contained herein. 
 “Consolidated Interest Expense” shall mean, for any period, (i) the total
consolidated interest expense of the U.S. Borrower and its Subsidiaries (including, without limitation, all commissions, discounts and other commitment and banking fees and charges (e.g., fees with respect to letters of credit, Interest Rate
Protection Agreements and Other Hedging Agreements) for such period, adjusted to exclude (to the extent same would otherwise be included in the calculation above in this clause (i)) the amortization of any deferred financing costs for such period,
interest expense and/or income arising from changes in the mark-to-market valuation of the Plan Warrants, capitalized interest expense and any other interest expense which, in accordance with the terms of the relevant Indebtedness, is paid-in-kind
through the issuance of additional notes or added to the principal amount of such outstanding Indebtedness, in each case so long as the respective notes or Indebtedness matures after the Maturity Date plus (ii) without duplication,
(x) that portion of Capitalized Lease Obligations of the U.S. Borrower and its Subsidiaries on a consolidated basis representing the interest factor for such period and (y) the “deemed interest expense” (i.e., the interest
expense which would have been applicable if the respective obligations were structured as on-balance sheet financing arrangements) with respect to all Off-Balance Sheet Liabilities of the U.S. Borrower and its Subsidiaries (to the extent the same
does not arise from a financing arrangement constituting an operating lease) for such period. Notwithstanding anything to the contrary contained above, for purposes of determining the Interest Expense Coverage Ratio, to the extent Consolidated
Interest Expense is to be determined for any Test Period which ends prior to the first anniversary of the Initial Borrowing Date, Consolidated Interest Expense for all portions of such period occurring prior to the Initial Borrowing Date shall be
calculated in accordance with the definition of “Test Period” contained herein. 
 “Consolidated Net Income” shall
mean, for any period, the net income (or loss) of the U.S. Borrower and its Subsidiaries determined on a consolidated basis for such period (taken as a single accounting period) in accordance with U.S. GAAP, provided that the following items
shall be excluded in computing Consolidated Net Income (without duplication): (i) the net income (or loss) of any Subsidiary that is not a Wholly-Owned Subsidiary of the U.S. Borrower, to the pro rata extent of the Equity
Interests held by Persons other than the U.S. Borrower and its Wholly-Owned Subsidiaries in such Subsidiary, (ii) except for determinations expressly required to be made on a Pro Forma Basis, the net income (or loss) of any Person
accrued prior to the date it becomes a Subsidiary or all or substantially all of the property or assets of such Person are acquired by a Subsidiary and (iii) the net income of any Subsidiary to the extent that the declaration or payment of cash
dividends or similar cash distributions by such Subsidiary of such net income is not at the time permitted by the operation of the terms of its charter or any agreement, instrument, judgment, decree, order, statute, rule or governmental regulation
applicable to such Subsidiary. 
  

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 “Consolidated Net Tangible Assets” shall mean the aggregate amount of assets of the U.S.
Borrower and its Subsidiaries determined on a consolidated basis in accordance with U.S. GAAP (less applicable reserves and other properly deductible items) after deducting therefrom (a) all current liabilities (excluding any thereof
constituting Funded Debt by reason of being extendible or renewable), (b) all goodwill, trade names, trademarks, patents, unamortized debt discount and expense and other like intangibles, all as set forth on the books and records of the U.S.
Borrower and its Subsidiaries and computed in accordance with U.S. GAAP and (c) minority Equity Interests in any Non-Wholly Owned Subsidiary. 
 “Consolidated Net Worth” shall mean, as of any date of determination, the Net Worth of the U.S. Borrower and its Subsidiaries on such date determined on a consolidated basis; provided that the Warrant Obligation
Amount on the relevant date of determination shall be added to Consolidated Net Worth. 
 “Consolidated Total
Capitalization” shall mean, as of any date of determination, the sum of (i) Consolidated Total Net Indebtedness and (ii) Consolidated Net Worth. 
 “Consolidated Total Net Indebtedness” shall mean, at any time, the remainder of (A) the sum of (without duplication) (i) all Indebtedness of the U.S. Borrower and its Subsidiaries (on a
consolidated basis) as would be required to be reflected as debt or Capitalized Lease Obligations on the liability side of a consolidated balance sheet of the U.S. Borrower and its Subsidiaries in accordance with U.S. GAAP, (ii) all
Indebtedness of the U.S. Borrower and its Subsidiaries of the type described in clauses (ii), (vii) and (viii) of the definition of “Indebtedness” contained herein and (iii) all Contingent Obligations of the U.S. Borrower
and its Subsidiaries in respect of Indebtedness of any third Person of the type referred to in preceding clauses (i) and (ii); provided that (x) the aggregate amount available to be drawn (i.e., unfunded amounts) under all
letters of credit, bankers’ acceptances, bank guaranties, surety bonds and similar obligations issued for the account of the U.S. Borrower or any of its Subsidiaries (but excluding, for avoidance of doubt, all unpaid drawings or other matured
monetary obligations owing in respect of such letters of credit, bankers’ acceptances, bank guaranties, surety bonds and similar obligations) shall not be included in any determination of “Consolidated Total Net Indebtedness” and
(y) the amount of Indebtedness in respect of the Interest Rate Protection Agreements and Other Hedging Agreements shall be at any time the unrealized net loss position, if any, of the U.S. Borrower and/or its Subsidiaries thereunder on a
marked-to-market basis determined no more than one month prior to such time minus (B) the aggregate amount of cash and Cash Equivalents (in each case, free and clear of all Liens) in excess of $100,000,000 included in the consolidated
balance sheet of the U.S. Borrower and its Subsidiaries at such time. Notwithstanding anything to the contrary above, with respect to the Vetrotex Subsidiary only, so long as the Vetrotex Subsidiary is a Non-Wholly Owned Subsidiary of the U.S.
Borrower, Consolidated Total Net Indebtedness shall be adjusted to exclude amounts otherwise included therein in the same proportion as is represented by the minority Equity Interests (held by Persons other than the U.S. Borrower and its
Subsidiaries) in the Vetrotex Subsidiary, in each case so long as the amount of Indebtedness so excluded is fully guaranteed (by guarantees of payment) by the respective direct or indirect owners of the minority Equity Interests in the Vetrotex
Subsidiary, in each case so long as the U.S. Borrower determines in good faith that the respective guarantors are (and remain) creditworthy and are able to perform (in a timely fashion) all their obligations under such guarantees, if the full amount
thereof were to become immediately due and payable. 
  

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 “Contingent Note” shall mean that certain contingent note in the form of Exhibit N
hereto payable by the U.S. Borrower to the Asbestos Personal Injury Trust pursuant to the terms of the Plan of Reorganization. 
 “Contingent Obligation” shall mean, as to any Person, any obligation of such Person in respect of Indebtedness of any other Person as a result of such Person being a general partner of such other Person, unless the
underlying Indebtedness is expressly made non-recourse as to such general partner, and any obligation of such Person guaranteeing or intended to guarantee any Indebtedness, leases, dividends or other obligations (“primary obligations”) of
any other Person (the “primary obligor”) in any manner, whether directly or indirectly, including, without limitation, any obligation of such Person, whether or not contingent, (i) to purchase any such primary obligation or any
property constituting direct or indirect security therefor, (ii) to advance or supply funds (x) for the purchase or payment of any such primary obligation or (y) to maintain working capital or equity capital of the primary obligor or
otherwise to maintain the net worth or solvency of the primary obligor or (iii) otherwise to assure or hold harmless the holder of such primary obligation against loss in respect thereof; provided, however, that the term
Contingent Obligation shall not include endorsements of instruments for deposit or collection in the ordinary course of business. The amount of any Contingent Obligation shall be deemed to be an amount equal to the lesser of (x) the stated or
determinable amount of the primary obligation in respect of which such Contingent Obligation is made or, if not stated or determinable, the maximum reasonably anticipated liability in respect thereof (assuming such Person is required to perform
thereunder) as determined by such Person in good faith and (y) the stated amount of such Contingent Obligation. 
 “Continuing
Directors” shall mean the directors of the U.S. Borrower on the Plan Effective Date and each other director if such director’s election to, or nomination for the election to, the board of directors of the U.S. Borrower is recommended
or approved by a majority of then Continuing Directors or undertaken in accordance with the Plan of Reorganization. 
 “Credit
Documents” shall mean this Agreement, the Intercompany Subordination Agreement, the Subsidiaries Guaranty, the Notes, and any other instruments, agreements, documents or certificates executed and delivered for the benefit of the Lenders in
accordance with the requirements of this Agreement. 
 “Credit Event” shall mean the making of a Loan (other than a
Revolving Loan made pursuant to a Mandatory Borrowing) or the issuance of a Letter of Credit. 
 “Credit Party” shall mean
each Borrower and each Subsidiary Guarantor. 
 “Debtors-in-Possession” shall mean Old Owens, CDC Corporation, Engineered
Yarns America, Inc., Exterior Systems, Inc., Falcon Foam Corporation, Fibreboard Corporation, HOMExperts LLC, Integrex, Integrex Professional Services LLC, Integrex Testing Systems LLC, Integrex Supply Chain Solutions LLC, Integrex Ventures LLC,
Jefferson Holdings, Inc., Owens-Corning Fiberglass Technology Inc., Owens Corning HT, Inc., Owens-Corning Overseas Holdings, Inc., Owens Corning Remodeling Systems, LLC and Soltech, Inc. 
  

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 “Default” shall mean any event, act or condition, which with notice or lapse of time, or
both, would constitute an Event of Default. 
 “Defaulting Lender” shall mean any Lender with respect to which a Lender
Default is in effect. 
 “Delayed Borrowing Date” shall mean the date (which shall occur on or after the Initial Borrowing
Date and on or prior to the Delayed Borrowing Expiration Date) upon which the initial Borrowing of Term Loans occurs. 
 “Delayed
Borrowing Expiration Date” shall mean (x) January 31, 2007, or (y) if the Initial Borrowing Date has not occurred by January 31, 2007, the date occurring 30 days after the Initial Borrowing Date, provided that in
the event the Fairness in Asbestos Injury Resolution Act of 2005 (or any substantially similar legislation, the “Fair Act”) has been enacted but remains subject to a challenge of its constitutionality, the Delayed Borrowing
Expiration Date may be extended, upon the U.S. Borrower’s written request therefor to the Administrative Agent, for successive 6 month periods, but in no event may the Delayed Borrowing Expiration Date be extended to a date occurring after the
second anniversary of the Effective Date. 
 “DIP Credit Agreement” shall mean the Post-Petition Credit Agreement dated as
of December 8, 2000, among the financial institutions named therein, Bank of America, N.A., as agent and Old Owens and the Subsidiaries of Old Owens named therein, as amended and in effect on the date immediately preceding the Plan Emergence
and Initial Borrowing Date. 
 “Disclosure Statement” shall mean the Disclosure Statement, dated as of July 10, 2006 in
the form filed with the Bankruptcy Court on July 10, 2006, issued pursuant to Section 1125 of the Bankruptcy Code relating to the Plan of Reorganization, as approved by the Bankruptcy Court. 
 “Dividend” shall mean, with respect to any Person, that such Person has declared or paid a dividend, distribution or returned any equity
capital in cash to its stockholders, partners or members or authorized or made any other distribution, payment or delivery of property (other than common Equity Interests, or Equity Interests of the same class as the Equity Interests in respect of
which such dividend or other distribution was paid, of such Person) or cash to its stockholders, partners or members in their capacity as such, or redeemed, retired, purchased or otherwise acquired, directly or indirectly, for a consideration (other
than common Equity Interests, or Equity Interests of the same class as the Equity Interest in respect of which such dividend or other distribution was paid, of such Person) any shares of any class of its capital stock or any other Equity Interests
outstanding on or after the Effective Date (or any options or warrants issued by such Person with respect to its capital stock or other Equity Interests), or set aside any funds for any of the foregoing purposes, or shall have permitted any of its
Subsidiaries to purchase or otherwise acquire for a consideration any shares of any class of the capital stock or any other Equity Interests of such Person outstanding on or after the Effective Date (or any options or warrants issued by such Person
with respect to its capital stock or other Equity Interests). 
  

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 “Documents” shall mean and include (i) the Credit Documents, (ii) the
Refinancing Documents, (iii) the Reorganization Documents and (iv) on and after the execution and delivery thereof, any New Senior Notes Documents. 
 “Dollar Denominated” when used in reference to any Loan or Letters of Credit, means Loans or Letters of Credit denominated in Dollars at the time made or issued. 
 “Dollar Denominated Letter of Credit Outstandings” shall mean, at any time, the sum of (i) the aggregate Stated Amount of all
outstanding Dollar Denominated Letters of Credit at such time and (ii) the aggregate amount of all Unpaid Drawings with respect to Dollar Denominated Letters of Credit at such time. 
 “Dollar Equivalent” shall mean, with respect to an amount denominated in a currency other than Dollars, at any time for the
determination thereof, the amount of Dollars which could be purchased with the amount of such currency involved in such computation at the spot exchange rate therefor as quoted by the Administrative Agent as of 11:00 A.M. (New York time) on the date
two Business Days prior to the date of any determination thereof for purchase on such date (or, in the case of any determination pursuant to Section 13.20 or Section 21 (or any analogous provision) of any Subsidiaries Guaranty, on the date
of determination); provided that for purposes of (x) determining compliance with Sections 1.01(c) and (d), 2.01 (c), 4.02(a) and 6.01 and (y) calculating Fees pursuant to Section 3.01 (except Fees which are expressly required
to be paid in a currency other than Dollars pursuant to Section 3.01), the Dollar Equivalent of any amounts denominated in a currency other than Dollars shall be revalued on a monthly basis using the spot exchange rates therefor as quoted in
the Wall Street Journal (or, if same does not provide such exchange rates, on such other basis as is reasonably satisfactory to the Administrative Agent) on the last Business Day of each calendar month, provided, however, that
at any time during a calendar month, if either (x) the Aggregate Euro Facility RL Exposure (for the purposes of the determination thereof, using the Dollar Equivalent as recalculated based on the spot exchange rate therefor as quoted in the
Wall Street Journal (or, if same does not provide such exchange rates, on such other basis as is reasonably satisfactory to the Administrative Agent) on the respective date of determination pursuant to this exception) would exceed 85% of the
Total Euro Facility Revolving Loan Commitment or (y) the Aggregate Canadian Facility RL Exposure (for the purposes of the determination thereof, using the Dollar Equivalent as recalculated based on the spot exchange rate therefor as quoted in
the Wall Street Journal (or, if same does not provide such exchange rates, on such other basis as is reasonably satisfactory to the Administrative Agent) on the respective date of determination pursuant to this exception) would exceed 85% of
the Total Canadian Facility Revolving Loan Commitment, then in the sole discretion of the Administrative Agent or at the request of the Majority Lenders holding Revolving Loan Commitments, the Dollar Equivalent shall be reset based upon the spot
exchange rates on such date as quoted in the Wall Street Journal (or, if same does not provide such exchange rates, on such other basis as is reasonably satisfactory to the Administrative Agent), which rates shall remain in effect until the
last Business Day of such calendar month or such earlier date, if any, as the rate is reset pursuant to this proviso. Notwithstanding anything to the contrary contained in this definition, at any time that a Default or an Event of Default then
exists, the Administrative Agent may revalue the Dollar Equivalent of any amounts outstanding under the Credit Documents in a currency other than Dollars in its sole discretion. 
  

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 “Dollar Facility Letter of Credit” shall mean each Letter of Credit (which must be
denominated in Dollars) issued for the account of the U.S. Borrower pursuant to Section 2.01 and designated as such by the U.S. Borrower in the respective Letter of Credit Request. 
 “Dollar Facility Letter of Credit Outstandings” shall mean, at any time, the sum of (i) the aggregate Stated Amount of all
outstanding Dollar Facility Letters of Credit and (ii) the aggregate amount of all Unpaid Drawings in respect of all Dollar Facility Letters of Credit. 
 “Dollar Facility Revolving Loan” shall have the meaning provided in Section 1.01(b). 
 “Dollar Facility Revolving Loan Commitment” shall mean, for each Lender, the amount set forth opposite such Lender’s name on Schedule I hereto directly below the column entitled “Dollar Facility Revolving Loan
Commitment”, as same may be (x) reduced from time to time and/or terminated pursuant to Section 3.02, 3.03 and/or 10 or (y) adjusted from time to time as a result of assignments to or from such Lender pursuant to
Section 1.14 or 13.04(b). 
 “Dollar Facility Revolving Note” shall have the meaning provided in Section 1.06(b).

 “Dollar Facility RL Lender” shall mean any Lender with a Dollar Facility Revolving Loan Commitment (without giving effect
to any termination of the Total Dollar Facility Revolving Loan Commitment if any Swingline Loans or Dollar Facility Letter of Credit Outstandings remain outstanding) or outstanding Dollar Facility Revolving Loans (or any participation in any Dollar
Facility Letter of Credit Outstandings). 
 “Dollar Facility RL Percentage” shall mean, with respect to any Dollar Facility
RL Lender at any time, that percentage which is equal to a fraction (expressed as a percentage) the numerator of which is the Dollar Facility Revolving Loan Commitment of such Dollar Facility RL Lender at such time and the denominator of which is
the Total Dollar Facility Revolving Loan Commitment at such time, provided that if any such determination is to be made after the Total Dollar Facility Revolving Loan Commitment (and the related Dollar Facility Revolving Loan Commitments of
the Lenders) has (or have) terminated, the determination of such percentages shall be made immediately before giving effect to such termination (but giving effect to assignments made thereafter in accordance with Section 13.04(b)). 

“Dollars” and the sign “$” shall each mean freely transferable lawful money of the United States of America.

 “Domestic Subsidiary” shall mean, as to any Person, any Subsidiary of such Person incorporated or organized in the United
States or any State or territory thereof. 
 “Draft” shall mean at any time either a depository bill within the meaning of
the Depository Bills and Notes Act (Canada), or a bill of exchange, within the meaning of the Bills of Exchange Act (Canada), drawn by the Canadian Borrower on a Canadian Facility RL Lender 
  

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 and bearing such distinguishing letters and numbers as such Canadian Facility RL Lender may determine, but which at such
time has not been completed or accepted by such Canadian Facility RL Lender. 
 “Drawing” shall have the meaning provided in
Section 2.04(b). 
 “Drawing Date” shall mean any Business Day fixed pursuant to Schedule III for the creation of
Bankers’ Acceptances or the purchase of completed Drafts and the exchange thereof for B/A Equivalent Notes, in each case by a Canadian Facility RL Lender pursuant to Schedule III. 
 “Drawing Fee” shall mean, in respect of a Draft drawn by the Canadian Borrower hereunder and accepted by a B/A Lender or a Draft
purchased by a Non-B/A Lender, a fee calculated on the Face Amount of such Draft at a rate per annum equal to the Applicable Margin that would be payable with respect to a Euro Rate Loan drawn on the Drawing Date of such Draft and maturing on the
maturity date of respective Draft. Drawing Fees shall be calculated on the basis of the term to maturity of the Draft and a year of 365 days. 
 “Dutch ASCS” shall mean the Act on the Supervision of the Credit System 1992 (Wet Toezicht Kredietwezen 1992) as amended from time to time. 
 “Effective Date” shall have the meaning provided in Section 13.10. 
 “Eligible Transferee” shall mean and include a commercial bank, an insurance company, a finance company, a financial institution, any
fund that invests in loans or any other “accredited investor” (as defined in Regulation D of the Securities Act), but in any event excluding the U.S. Borrower and its Subsidiaries; provided that to be an Eligible Transferee
hereunder, each assignee with respect to any assignment of Euro Facility Revolving Loan Commitments (or related outstanding Obligations of the European Borrower hereunder) must, at the time of the respective assignment, also be (x) a PMP,
(y) exempted because it forms a restricted circle (besloten kring) with the European Borrower or (z) otherwise qualify as a legal assignee hereunder under the laws of the Netherlands. 
 “Environmental Claims” shall mean any and all administrative, regulatory or judicial actions, suits, demands, demand letters, claims,
liens, written notices of non-compliance or violation, investigations or proceedings relating in any way to (i) any violation (or alleged violation) by the U.S. Borrower or any of its Subsidiaries of any Environmental Law; (ii) any permit
issued to the U.S. Borrowers or any of its Subsidiaries under any such law; or (iii) otherwise arising under Environmental Law, (hereafter “Claims”), including, without limitation, (a) any and all Claims by governmental or
regulatory authorities for enforcement, cleanup, removal, response, remedial or other actions or damages pursuant to any applicable Environmental Law, and (b) any and all Claims by any third party seeking damages, contribution, indemnification,
cost recovery, compensation or injunctive relief resulting from Hazardous Materials or arising from alleged injury or threat of injury to health, safety or the environment. 
  

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 “Environmental Law” shall mean any federal, national, provincial, state or local policy
having the force and effect of law, statute, law, rule, regulation, ordinance, code or rule of common law now or hereafter in effect and in each case as amended, and any judicial or administrative interpretation thereof, including any
legally-binding judicial or administrative order, consent, decree or judgment (for purposes of this definition (collectively, “Laws”)), relating to pollution or protection of the environment, or Hazardous Materials or health and
safety to the extent such health and safety issues arise under the Occupational Safety and Health Act of 1970, as amended, or any such similar Laws. 
 “Equity Interests” of any Person shall mean any and all shares, interests, rights to purchase, warrants, options, participation or other equivalents of or interest in (however designated) equity of
such Person, including any preferred stock, any limited or general partnership interest and any limited liability company membership interest. 
 “ERISA” shall mean the Employee Retirement Income Security Act of 1974, as amended from time to time, and the rules and regulations promulgated thereunder from time to time. 
 “ERISA Affiliate” shall mean any trade or business (whether or not incorporated) that is treated as a single employer together with the
U.S. Borrower or any of its Subsidiaries under Section 414 of the Code. 
 “Euro Denominated” when used in reference to
any Loan or Letters of Credit, means Loans or Letters of Credit denominated in Euros at the time made or issued. 
 “Euro Denominated
Letter of Credit Outstandings” shall mean, at any time, the sum of (i) the aggregate stated amount of all outstanding Euro Denominated Letters of Credit at such time and (ii) the aggregate amount of all Unpaid Drawings with
respect to Euro Denominated Letters of Credit at such time. 
 “Euro Equivalent” shall mean, at any time for the
determination thereof, the amount of Euros which could be purchased with the amount of Dollars involved in such computation at the spot rate of exchange therefor as quoted by the Administrative Agent as of 11:00 A.M. (New York time) on the date two
Business Days prior to the date of any determination thereof for purchase on such date (or, in the case of any determination pursuant to Section 13.20 or Section 21 (or any analogous provision) of any Subsidiaries Guaranty, on the date of
determination). 
 “Euro Facility Letter of Credit” shall mean each Letter of Credit (which must be denominated in an
Applicable Currency) issued to the U.S. Borrower or the European Borrower, as the case may be, pursuant to Section 2.01 and designated as such by the U.S. Borrower or the European Borrower, as the case may be, in the respective Letter of Credit
Request. 
 “Euro Facility Letter of Credit Outstandings” shall mean, at any time, the sum of (i) the aggregate Stated
Amount of all outstanding Euro Facility Letters of Credit and (ii) the aggregate amount of all Unpaid Drawings in respect of all Euro Facility Letters of Credit. 
 “Euro Facility Revolving Loan” shall have the meaning provided in Section 1.01(c). 
  

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 “Euro Facility Revolving Loan Commitment” shall mean, for each Lender, the amount set
forth opposite such Lender’s name on Schedule I hereto directly below the column entitled “Euro Facility Revolving Loan Commitment”, as same may be (x) reduced from time to time and/or terminated pursuant to Section 3.02,
3.03, 4.02 and/or 10, or (y) adjusted from time to time as a result of assignments to or from such Lender pursuant to Section 1.13 or 13.04(b). 
 “Euro Facility RL Lender” shall mean any Lender with a Euro Facility Revolving Loan Commitment (without giving effect to any termination of the Total Euro Facility Revolving Loan Commitment if any
Euro Facility Letter of Credit Outstandings remain outstanding) or outstanding Euro Facility Revolving Loans (or any participation in any Euro Facility Letter of Credit Outstandings). 
 “Euro Facility RL Percentage” shall mean, with respect to any Euro Facility RL Lender at any time, that percentage which is equal to a
fraction (expressed as a percentage) the numerator of which is the Euro Facility Revolving Loan Commitment of such Euro Facility RL Lender at such time and the denominator of which is the Total Euro Facility Revolving Loan Commitment at such time,
provided that if any such determination is to be made after the Total Euro Facility Revolving Loan Commitment (and the related Euro Facility Revolving Loan Commitments of the Lenders) has (or have) terminated, the determination of such
percentages shall be made immediately before giving effect to such termination (but giving effect to assignments made thereafter in accordance with Section 13.04(b)). 
 “Euro L/C Stated Amount” shall mean, with respect to each Euro Denominated Letter of Credit, at any time, the maximum amount available
to be drawn thereunder (expressed in Euros) (in each case determined without regard to whether any conditions to drawing could then be met, but after giving effect to all previous drawings made thereunder). 
 “Euro LIBOR” shall mean, for any Interest Period, with respect to each Borrowing of Euro Denominated Revolving Loans, (i) the rate
per annum for deposits in Euros as determined by the Administrative Agent for a period corresponding to the duration of the relevant Interest Period which appears on Moneyline Telerate Markets Page 3750 (or any successor page) at approximately 11:00
A.M. (London time) on the date which is two Business Days prior to the commencement of such Interest Period or (ii) if such rate is not shown on Moneyline Telerate Markets Page 3750 (or any successor page), the average offered quotation to
prime banks in the Euro-zone interbank market by the Administrative Agent for Euro deposits of amounts comparable to the principal amount of the Euro Denominated Loan to be made by the Administrative Agent as part of such Borrowing (or, if the
Administrative Agent is not a Lender with respect thereto, taking the average principal amount of the Euro Denominated Loan then being made by the various Lenders) with maturities comparable to the Interest Period to be applicable to such Loan
(rounded upward to the next whole multiple of 1/16 of 1%), determined as of 11:00 A.M. (London time) on the date which is two Business Days prior to the commencement of such Interest Period; provided that in the event the Administrative Agent
has made any determination pursuant to Section 1.11(a)(i) in respect of Loans denominated in Euros, or in the circumstances described in clause (i) to the proviso to Section 1.11(b) in respect of Loans denominated in Euros, Euro LIBOR
determined pursuant to this definition shall instead be the rate determined by the Administrative Agent as the all-in-cost of funds for the Administrative Agent (or such other Lender) to fund a Borrowing of Loans denominated in Euros with maturities
comparable to the Interest Period applicable thereto. 
  

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 “Euro Rate” shall mean and include each of the Eurodollar Rate, Euro LIBOR and the
Overnight Euro Rate. 
 “Euro Rate Loan” shall mean each Eurodollar Loan and each Euro Denominated Loan. 
 “Eurodollar Loans” shall mean each Dollar Denominated Loan (excluding Swingline Loans) designated as such by the respective Borrower or
Borrowers at the time of the incurrence thereof or conversion thereto. 
 “Eurodollar Rate” shall mean (a) with respect
to each Interest Period for a Eurodollar Loan, (i) the rate per annum determined on the basis of the rate for deposits in Dollars for a period equal to such Interest Period commencing on the first day of such Interest Period appearing on Page
3750 of the Telerate screen (or any successor page) as of 11:00 A.M. (London time), on the applicable Interest Determination Date, provided that, to the extent that an interest rate is not ascertainable pursuant to the foregoing provisions of
this clause (a), the rate above instead shall be the offered quotation to first-class banks in the New York interbank Eurodollar market by the Administrative Agent for Dollar deposits of amounts in immediately available funds comparable to the
outstanding principal amount of the Eurodollar Loan of the Administrative Agent (in its capacity as a Lender (or, if the Administrative Agent is not a Lender with respect thereto, taking the average principal amount of the Eurodollar Loan then being
made by the various Lenders pursuant thereto)) with maturities comparable to the Interest Period applicable to such Eurodollar Loan commencing two Business Days thereafter as of 10:00 A.M. (New York time) on the applicable Interest Determination
Date, in either case divided (and rounded upward to the nearest 1/100 of 1%) by (b) a percentage equal to 100% minus the then stated maximum rate of all reserve requirements (including, without limitation, any marginal, emergency,
supplemental, special or other reserves required by applicable law) applicable to any member bank of the Federal Reserve System in respect of Eurocurrency funding or liabilities as defined in Regulation D (or any successor category of liabilities
under Regulation D). The determination of the Eurodollar Rate by the Administrative Agent shall be conclusive and binding on the Borrowers absent demonstrable error. 
 “European Borrower” shall mean a Wholly-Owned Subsidiary of the U.S. Borrower organized under the laws of the Netherlands that has satisfied the conditions specified in Section 5B to become same.

 “European Borrower Euro Facility Revolving Loan” shall have the meaning provided in Section 1.01(c). 
 “European Borrower Euro Facility Revolving Note” shall have the meaning provided in Section 1.06(b). 
 “European Borrower Letter of Credit” shall mean each Letter of Credit (which may be denominated in Dollars or Euros) issued for the
account of the European Borrower pursuant to Section 2.01 and designated as such by the European Borrower in the respective Letter of Credit Request. 
  

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 “Euros” and the designation “€” shall mean the currency introduced
on January 1, 1999 at the start of the third stage of European economic and monetary union pursuant to the Treaty. 
 “Event of
Default” shall have the meaning provided in Section 10. 
 “Exchange Act” shall mean the Securities Exchange
Act of 1934, as amended. 
 “Existing Indebtedness Agreements” shall mean all agreements evidencing or relating to any
Scheduled Existing Indebtedness of the U.S. Borrower or any of its Subsidiaries. 
 “Existing Letter of Credit” shall have
the meaning provided in Section 2.01 (d). 
 “Face Amount” shall mean, in respect of a Draft, Bankers’ Acceptance
or B/A Equivalent Note, as the case may be, the amount payable to the holder thereof on its maturity. The Face Amount of any Bankers’ Acceptance Loan shall be equal to the aggregate Face Amounts of the underlying Bankers’ Acceptances, B/A
Equivalent Notes or Drafts, as the case may be. 
 “Facing Fee” shall have the meaning provided in Section 3.01 (c).

 “Fair Market Value” shall mean, with respect to any asset, the price at which a willing buyer, not an Affiliate of the
seller, and a willing seller who does not have to sell, would agree to purchase and sell such asset, as determined in good faith by the board of directors or other governing body or senior officer of such seller. 
 “Federal Funds Rate” shall mean, for any period, a fluctuating interest rate equal for each day during such period to the weighted
average of the rates on overnight Federal Funds transactions with members of the Federal Reserve System arranged by Federal Funds brokers, as published for such day (or, if such day is not a Business Day, for the next preceding Business Day) by the
Federal Reserve Lender of New York, or, if such rate is not so published for any day which is a Business Day, the average of the quotations for such day on such transactions received by the Administrative Agent from three Federal Funds brokers of
recognized standing selected by the Administrative Agent. 
 “Fees” shall mean all amounts payable pursuant to, or referred
to in, Section 3.01. 
 “Fees Rules” shall mean the rules on periodic fees contained in the most recent Financial
Services Authority supervision manual or such other law or regulation as may be in force from time to time in respect of the payment of fees for the acceptance of deposits. 
 “Fee Tariffs” shall mean the fee tariffs specified in the Fees Rules under the activity group A.1 Deposit acceptors (ignoring any
minimum fee or zero rated fee required pursuant to the Fees Rules but taking into account any applicable discount rate). 
  

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 “Final Order” shall mean an order or judgment of the Bankruptcy Court, or other court of
competent jurisdiction, as entered on the docket of such court, the operation or effect of which has not been stayed, reversed or amended and as to which order or judgment (or any revision, modification or amendment thereof) the time to appeal or
seek review or rehearing has expired and as to which no appeal or petition for review or rehearing was filed, or, if filed, does not remain pending. 
 “Fiscal Quarter” shall mean for any Fiscal Year of the U.S. Borrower and its Subsidiaries, the fiscal quarters ending on each of March 31, June 30, September 30 and
December 31. 
 “Fiscal Year” shall mean the fiscal year of the U.S. Borrower ending on December 31 of each
calendar year. For purposes of this Agreement, any particular Fiscal Year shall be designated by reference to the calendar year in which such Fiscal Year ends (e.g., Fiscal Year 2006 shall be the fiscal year of the U.S. Borrower ended
December 31, 2006). 
 “Foreign Subsidiary” shall mean, as to any Person, any Subsidiary of such Person that is not a
Domestic Subsidiary of such Person. 
 “Funded Debt” shall mean all Indebtedness, whether or not evidenced by a bond,
debenture, note or similar instrument or agreement, of any Person, for the repayment of borrowed money having a maturity of more than 12 months from the date of its creation or having a maturity of less than 12 months from the date of its creation
but by its terms being renewable or extendible beyond 12 months from such date at the option of such Person. For the purpose of determining “Funded Debt” of any Person, there shall be excluded any particular Indebtedness if, on or prior to
the maturity thereof, there shall have been deposited with the proper depository in trust the necessary funds for the payment, redemption or satisfaction of such Indebtedness. 
 “Governmental Authority” shall mean any federal (including the federal governments of the United States and Canada), national,
provincial, state or local government (and any political subdivision thereof), 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. 
 “Guaranteed Creditors” shall mean and include each of
the Administrative Agent, each Issuing Lender, each Lender and each Lender or any affiliate thereof (even if such Lender subsequently ceases to be a Lender under this Agreement for any reason) party to an Interest Rate Protection Agreement or Other
Hedging Agreement with any Borrower or any of the Subsidiary Guarantors. 
 “Guarantors” shall mean and include the U.S.
Borrower and each Subsidiary Guarantor. 
 “Guaranty” shall mean and include the U.S. Borrower’s Guaranty and each
Subsidiaries Guaranty. 
  

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 “Hazardous Materials” shall mean (a) any petrochemical or petroleum products,
radioactive materials, asbestos in any form that is or could become friable, urea formaldehyde foam insulation, transformers or other equipment that contain dielectric fluid containing levels of polychlorinated biphenyls, and radon gas; and
(b) any chemicals, materials, substances or mixtures regulated under Environmental Laws, including, without limitation, those defined as or included in the definition of “hazardous substances”, “hazardous wastes”,
“hazardous materials”, “restricted hazardous materials”, “extremely hazardous substances”, “restrictive hazardous wastes”, “toxic substances”, “toxic pollutants”, “contaminants”
or “pollutants”, or words of similar meaning and regulatory effect. 
 “Immaterial Subsidiaries” means
Wholly-Owned Domestic Subsidiaries of the U.S. Borrower which together account for less than five percent (5%) of each of Consolidated Net Tangible Assets and Consolidated Net Income of the U.S. Borrower and its Subsidiaries (with Consolidated
Net Income being determined by the U.S. Borrower in good faith (and without regard to clauses (ii) and (iii) of the proviso of the definition thereof to the extent relating to the Consolidated Net Income attributable to any Wholly-Owned
Domestic Subsidiary that is not a Guarantor) on a pro forma basis in the case of Subsidiaries acquired or created after the first day of the respective Test Period, and Subsidiaries which have received significant transfers of assets
after the first day of the respective Test Period), in each case determined as of the end of, or for, as the case may be, the Test Period most recently ended for which financial statements have been or are required to have been delivered pursuant to
Section 8.01 (a) or (b), as applicable. 
 “Indebtedness” shall mean, as to any Person, without duplication,
(i) all indebtedness of such Person for borrowed money or for the deferred purchase price of property or services, (ii) the maximum amount available to be drawn or paid under all letters of credit, bankers’ acceptances, bank
guaranties, surety and appeal bonds and similar obligations issued for the account of such Person and all unpaid drawings and unreimbursed payments in respect of such letters of credit, bankers’ acceptances, bank guaranties, surety and appeal
bonds and similar obligations, (iii) all indebtedness of the types described in clause (i), (ii), (iv), (v), (vi), (vii) or (viii) of this definition secured by any Lien on any property owned by such Person, whether or not such
indebtedness has been assumed by such Person (provided that, if the Person has not assumed or otherwise become liable in respect of such indebtedness, such indebtedness shall be deemed to be in an amount equal to the lesser of (1) the
Fair Market Value of the property to which such Lien relates as determined in good faith by such Person or (2) the amount of such Indebtedness), (iv) the aggregate amount of all Capitalized Lease Obligations of such Person, (v) all
obligations of such Person to pay a specified purchase price for goods or services, whether or not delivered or accepted, i.e., take-or-pay and similar obligations (other than ordinary course trade accounts payable not overdue by more than 60
days), (vi) all Contingent Obligations of such Person, (vii) all obligations under any Interest Rate Protection Agreement, any Other Hedging Agreement or under any similar type of agreement determined on a marked-to-market basis and
(viii) all Off-Balance Sheet Liabilities of such Person. Notwithstanding the foregoing, Indebtedness shall not include the Warrant Obligation Amount, trade payables, accrued expenses, operating leases (which in no event shall constitute Capital
Leases) and deferred tax and other credits incurred by any Person in accordance with customary practices and in the ordinary course of business of such Person. 
  

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 “Indebtedness to be Refinanced” shall mean and include (without duplication)
(i) Indebtedness under the DIP Credit Agreement and (ii) all other Indebtedness of the U.S. Borrower and its Subsidiaries which is to be repaid or refinanced on the Initial Borrowing Date, including any such Indebtedness which is not
permitted to remain outstanding after the Initial Borrowing Date pursuant to Section 5A.06 or 9.04. 
 “Individual Canadian
Facility RL Exposure” shall mean, with respect to any Canadian Facility RL Lender, at any time, the sum of (I) the aggregate principal amount of all Canadian Facility Revolving Loans made by such Canadian Facility RL Lender and then
outstanding (for this purpose, using the Dollar Equivalent of the principal amount of all Canadian Dollar Denominated Revolving Loans then outstanding) and (II) such Canadian Facility RL Lender’s L/C Participation Percentage in each then
outstanding Canadian Facility Letter of Credit multiplied by the sum of the Stated Amount of the respective Canadian Facility Letter of Credit and any Unpaid Drawings relating to Canadian Facility Letters of Credit (for this purpose, using the
Dollar Equivalent of any amounts expressed in Canadian Dollars). 
 “Individual Dollar Facility RL Exposure” shall mean,
with respect to any Dollar Facility RL Lender, at any time, the sum of (I) the aggregate principal amount of all Dollar Facility Revolving Loans and Competitive Bid Loans made by such Dollar Facility RL Lender and then outstanding, (II) such
Dollar Facility RL Lender’s L/C Participation Percentage in each then outstanding Dollar Facility Letter of Credit multiplied by the sum of the Stated Amount of the respective Dollar Facility Letter of Credit and any Unpaid Drawings relating to
Dollar Facility Letters of Credit and (III) such Dollar Facility RL Lender’s Dollar Facility RL Percentage multiplied by the aggregate principal amount of outstanding Swingline Loans. 
 “Individual Euro Facility RL Exposure” shall mean, with respect any Euro Facility RL Lender, at any time, the sum of (I) the
aggregate principal amount of all Euro Facility Revolving Loans made by such Euro Facility RL Lender and then outstanding (for this purpose, using the Dollar Equivalent of the principal amount of all Euro Denominated Revolving Loans then
outstanding) and (II) such Euro Facility RL Lender’s L/C Participation Percentage in each then outstanding Euro Facility Letter of Credit multiplied by the sum of the Stated Amount of the respective Euro Facility Letter of Credit and any Unpaid
Drawings relating to Euro Facility Letters of Credit (for this purpose, using the Dollar Equivalent of any amounts expressed in Euros). 
 “Individual RL Facility Exposures” shall mean, with respect any Lender, at any time, the sum of the Individual Dollar Facility RL Exposure, the Individual Euro Facility RL Exposure and the Individual Canadian Facility RL
Exposure of such Lender at such time. 
 “Initial Borrowing Date” shall mean the date (which shall occur on the Effective
Date) upon which the initial Borrowing of Loans or the issuance of any Letters of Credit occurs. 
 “Intercompany Loan”
shall have the meaning provided in Section 9.05(vii). 
 “Intercompany Subordination Agreement” shall have the meaning
provided in Section 5A.11(b). 
  

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 “Interest Determination Date” shall mean, with respect to any Euro Rate Loan, the second
Business Day prior to the commencement of any Interest Period relating to such Euro Rate Loan. 
 “Interest Expense Coverage
Ratio” shall mean, for any period, the ratio of (a) Consolidated EBITDA for such period to (b) Consolidated Interest Expense for such period. 
 “Interest Period” shall mean, with respect to any Euro Rate Loan, the interest period applicable thereto, as determined pursuant to Section 1.10. 
 “Interest Rate Basis” shall mean the Eurodollar Rate and/or such other basis for determining an interest rate as the U.S. Borrower and
the Administrative Agent may agree upon from time to time. 
 “Interest Rate Protection Agreement” shall mean any interest
rate swap agreement, interest rate cap agreement, interest rate collar agreement, interest rate hedging agreement, interest rate floor agreement or other similar agreement or arrangement. 
 “Investment” shall have the meaning provided in the preamble to Section 9.05. 
 “Investment Grade Ratings” shall mean that the corporate credit ratings of the U.S. Borrower are (x) Baa3 or higher from
Moody’s and BB+ or higher from S&P or (y) Ba1 or higher from Moody’s and BBB- or higher from S&P, in each case with stable or better outlook. 
 “Issuing Lender” shall mean (i) for purposes of any Dollar Facility Letter of Credit, Citibank, any affiliate of Citibank and any Dollar Facility RL Lender (or affiliate of any Dollar Facility RL
Lender) which at the request of the U.S. Borrower and with the consent of the Administrative Agent agrees, in such Dollar Facility RL Lender’s (or Dollar Facility RL Lender affiliate’s) sole discretion, to become an Issuing Lender for the
purpose of issuing Dollar Facility Letters of Credit pursuant to Section 2, (ii) for purposes of any Euro Facility Letter of Credit, Citibank and any Euro Facility RL Lender (or affiliate of any Euro Facility RL Lender) which at the
request of the European Borrower and with the consent of the Administrative Agent agrees, in such Euro Facility RL Lender’s (or Euro Facility RL Lender affiliate’s) sole discretion, to become an Issuing Lender for the purpose of issuing
Euro Facility Letters of Credit pursuant to Section 2 and (iii) for purposes of any Canadian Facility Letter of Credit, Citibank Canada, any of its affiliates which is a Canadian Resident and any Canadian Facility RL Lender which is a
Canadian Resident (or affiliate of any Canadian Facility RL Lender which is a Canadian Resident) which at the request of the Canadian Borrower and with the consent of the Administrative Agent agrees, in such Canadian Facility RL Lender’s (or
Canadian Facility RL Lender affiliate’s) sole discretion, to become an Issuing Lender for the purpose of issuing Canadian Facility Letters of Credit pursuant to Section 2. With respect to the Existing Letters of Credit, Bank of America,
N.A. shall be the Issuing Lender thereof. 
 “Judgment Currency” shall have the meaning provided in Section 13.20(a).

 “Judgment Currency Conversion Date” shall have the meaning provided in Section 13.20(a). 
  

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 “L/C Participant” shall have the meaning provided in Section 2.03(a). 

“L/C Participation Percentages” shall have the meaning provided in Section 2.03(a). 
 “Leasehold” shall mean, with respect to any Person, all of the right, title and interest of such Person as lessee or licensee in, to and
under leases or licenses of land, improvements and/or fixtures. 
 “Lender” shall mean and include (i) each financial
institution with a Commitment listed on Schedule I (as amended from time to time), as well as any Person that becomes a “Lender” hereunder pursuant to Section 1.14 and/or 13.04(b) and (ii) the Swingline Lender. Unless the context
otherwise requires, each reference in this Agreement to a Lender includes each lending office (including any Affiliate of the respective Lender) of the respective Lender designated from time to time pursuant to Section 1.13. 
 “Lender Default” shall mean (i) the refusal (which has not been retracted) at a time when all applicable conditions set forth in
Sections 5A, 5B and 6 have been satisfied of a Lender to make available its portion of any Borrowing (including any Mandatory Borrowing) or to fund its portion of any unreimbursed payment under Section 2.03 or (ii) a Lender having notified
the Administrative Agent and/or any Borrower that it does not intend to comply with its obligations under Section 1.01 or 2.03 in circumstances where such non-compliance would constitute a breach of such Lender’s obligations under the
respective Section. 
 “Letter of Credit” shall have the meaning provided in Section 2.01 (a). 
 “Letter of Credit Fees” shall have the meaning provided in Section 3.01(b). 
 “Letter of Credit Outstandings” shall mean, at any time, the sum of (i) the aggregate Stated Amount of all outstanding Letters of
Credit which have not terminated at such time and (ii) the aggregate amount of all Unpaid Drawings (taking the Dollar Equivalent of any amounts owed in currencies other than Dollars) in respect of all Letters of Credit at such time. 

“Letter of Credit Request” shall have the meaning provided in Section 2.02(a). 
 “Lien” shall mean any mortgage, pledge, hypothecation, assignment, deposit arrangement, security interest, encumbrance, lien (statutory
or other), charge, preference, priority or other security agreement or arrangement of any kind or nature whatsoever (including any agreement to give any of the foregoing). For purposes of this Agreement, the U.S. Borrower or its respective
Subsidiaries shall be deemed to own, subject to a Lien, any asset which it has acquired or holds subject to the interest of a vendor or lessor under any conditional sale agreement, capital lease or other similar title retention agreement relating to
such asset, and sales of accounts receivable with recourse to the U.S. Borrower or any of its Subsidiaries shall be deemed to create a Lien on accounts receivable of the U.S. Borrower or the respective Subsidiary. 
  

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 “Loan” shall mean each Term Loan, each Dollar Facility Revolving Loan, each U.S.
Borrower Euro Facility Revolving Loan, each European Borrower Euro Facility Revolving Loan, each U.S. Borrower Canadian Facility Revolving Loan, each Canadian Borrower Canadian Facility Revolving Loan, each Swingline Loan, each U.S. Borrower Euro
Facility Swingline Loan, and each Competitive Bid Loan. 
 “Majority Lenders” shall mean with respect to any Tranche, those
Non-Defaulting Lenders which would constitute the Required Lenders under, and as defined in, this Agreement if all outstanding Obligations of the other Tranches under this Agreement were repaid in full and all Commitments with respect thereto were
terminated. 
 “Mandatory Borrowing” shall mean and include any Mandatory Euro Facility RL Borrowing, any Mandatory Dollar
Facility RL Borrowing and any Mandatory Canadian Facility RL Borrowing. 
 “Mandatory Cost” shall mean the cost imputed to
each Lender of compliance with any reserve asset requirements of the European Central Bank, which cost shall be expressed as a percentage per annum and which, solely in the case of any Lender organized in the United Kingdom, shall be equal to the
Additional Cost Rate. 
 “Mandatory Dollar Facility RL Borrowing” shall have the meaning provided in Section 1.01(g).

 “Margin Stock” shall have the meaning provided in Regulation U. 
 “Material Adverse Effect” shall mean (i) a material adverse effect on the business, assets, operations, properties, liabilities or
financial condition of the U.S. Borrower and its Subsidiaries taken as a whole, or (ii) a material adverse effect (x) on the rights or remedies of the Lenders, any Issuing Lender or the Administrative Agent hereunder or under the other
Credit Documents, taken as a whole or (y) on the ability of any Credit Party to perform its obligations to the Lenders, any Issuing Lender or the Administrative Agent hereunder or under the other Credit Documents, taken as a whole. 

“Material Subsidiary” shall mean, at any time, each Wholly-Owned Domestic Subsidiary of the U.S. Borrower that, taken together with
all other Wholly-Owned Domestic Subsidiaries that are not Subsidiary Guarantors, would not be an Immaterial Subsidiary; provided that, if, as of any date of determination, all Wholly-Owned Domestic Subsidiaries of the U.S. Borrower that are
not Subsidiary Guarantors fail to constitute Immaterial Subsidiaries (as determined in accordance with the requirements of the definition thereof and the relevant provisions of Section 8.12), then the U.S. Borrower shall determine which
Wholly-Owned Domestic Subsidiary (or Wholly-Owned Domestic Subsidiaries) shall constitute Material Subsidiaries for purposes of compliance with the requirements of Section 8.12. 
 “Maturity Date” shall mean (i) with respect to Term Loans and Revolving Loans, October 31, 2011 and (ii) with respect to
Swingline Loans, the Swingline Expiry Date. 
 “Maximum Competitive Bid Amount” shall mean $250,000,000. 
 “Maximum Swingline Amount” shall mean $250,000,000. 
  

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 “Minimum Applicable Facing Fee” shall mean (x) in the case of all Dollar
Denominated Letters of Credit, $500, (y) in the case of all Euro Denominated Letters of Credit, €500 and (z) in the case of all Canadian Dollar Denominated Letters of Credit, C$500. 
 “Minimum Borrowing Amount” shall mean (i) in the case of Dollar Denominated Loans, $5,000,000, (ii) in the case of Euro
Denominated Loans, €5,000,000, and (iii) in the case of Canadian Dollar Denominated Loans, C$1,000,000. 
 “Moody’s” shall mean Moody’s Investors Service, Inc. 
 “Moody’s Credit Rating”
shall mean the corporate credit rating level (it being understood that a rating level shall include numerical modifiers) assigned by Moody’s to the U.S. Borrower. If the foregoing rating shall be changed by Moody’s, such change shall be
effective for purposes of this definition on the Business Day following the day on which Moody’s announces such change. 
 “Multiemployer Plan” shall mean (i) any plan, as defined in Section 4001(a)(3) of ERISA, which is maintained or contributed to (or to which there is an obligation to contribute to) by the U.S. Borrower or a
Subsidiary of the U.S. Borrower or an ERISA Affiliate and that is subject to Title IV of ERISA, and (ii) each such plan for the five year period immediately following the latest date on which the U.S. Borrower, a Subsidiary of the U.S. Borrower
or an ERISA Affiliate maintained, contributed to or had an obligation to contribute to such plan. 
 “Net Sale Proceeds”
shall mean for any sale or other disposition of assets, the gross cash proceeds (including any cash received by way of deferred payment pursuant to a promissory note, receivable or otherwise, but only as and when received) received from such sale or
other disposition of assets, net of (i) reasonable transaction costs (including, without limitation, any underwriting, brokerage or other customary selling commissions, reasonable legal, advisory and other fees and expenses (including title and
recording expenses), associated therewith and sales, VAT and transfer taxes arising therefrom), (ii) payments 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 sale or other disposition, (iii) the amount of such gross cash proceeds required to be used to permanently repay any Indebtedness (other than Indebtedness of the Lenders pursuant to this Agreement) which is secured by the respective assets
which were sold or otherwise disposed of, and (iv) the estimated net marginal increase in income taxes which will be payable by the U.S. Borrower’s consolidated group or any Subsidiary of the U.S. Borrower with respect to the Fiscal Year
in which the sale or other disposition occurs as a result of such sale or other disposition; provided, however, that such gross proceeds shall not include any portion of such gross cash proceeds which the U.S. Borrower determines in
good faith should be reserved for post-closing adjustments, it being understood and agreed that on the day that all such post-closing adjustments have been determined (which shall not be later than six months following the date of the respective
asset sale), the amount (if any) by which the reserved amount in respect of such sale or disposition exceeds the actual post-closing adjustments payable by the U.S. Borrower or any of its Subsidiaries shall constitute Net Sale Proceeds on such date
received by the U.S. Borrower and/or any of its Subsidiaries from such sale or other disposition. 
  

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 “Net Worth” shall mean, as to any Person, the sum of its capital stock, capital in
excess of par or stated value of shares of its capital stock, retained earnings and any other account which, in accordance with U.S. GAAP, constitutes stockholders equity, excluding any treasury stock. 
 “New Exchange Senior Notes” shall mean senior notes issued by the U.S. Borrower pursuant to a registered exchange offer or private
exchange offer for the New Senior Notes and pursuant to the New Senior Notes Indenture, which senior notes are substantially identical securities to the New Senior Notes. In no event will the issuance of any New Exchange Senior Notes increase the
aggregate principal amount of the New Senior Notes then outstanding or otherwise result in an increase in the interest rate applicable to the New Senior Notes. 
 “New Senior Notes” shall mean any Indebtedness of the U.S. Borrower issued solely in return for cash consideration to the U.S. Borrower and evidenced by senior notes so long as (a) such
Indebtedness has a final maturity no earlier than the date occurring 12 months after the Maturity Date, (b) such Indebtedness has no mandatory repayments or required offers to purchase which are, or may be required with respect thereto prior to
the date referenced in preceding clause (a); provided that such Indebtedness may have customary required offers to purchase as a result of asset sales or changes of control in accordance with the then prevailing market conditions (in the case
of any asset sale required offers to purchase, so long as the provisions applicable thereto permit the U.S. Borrower to avoid any such required offer to purchase by first prepaying Indebtedness pursuant to this Agreement), (c) such Indebtedness
is unsecured and is not guaranteed by any Subsidiary of the U.S. Borrower that is not a Credit Party and (d) such Indebtedness is otherwise issued in accordance with then market conditions (as determined by the U.S. Borrower in good faith) for
issuances of debt securities in the capital markets at such time. The issuance of New Senior Notes shall be deemed to be a representation and warranty by the U.S. Borrower that all conditions thereto have been satisfied in all material respects and
that same is permitted in accordance with the terms of this Agreement, which representation and warranty shall be deemed to be a representation and warranty for all purposes hereunder, including, without limitation, Sections 6.01 and 10. As used
herein, the term “New Senior Notes” shall include any New Exchange Senior Notes issued pursuant to the New Senior Notes Indenture in exchange for theretofore outstanding New Senior Notes, as contemplated by the definition of “New
Exchange Senior Notes” contained herein. 
 “New Senior Notes Documents” shall mean the New Senior Notes Indenture, the
New Senior Notes and each other agreement, document or instrument relating to the issuance of the New Senior Notes, as the same may be amended, restated, modified and/or supplemented from time to time in accordance with the terms hereof and thereof.

 “New Senior Notes Indenture” shall mean any indenture or similar agreement entered into in connection with the issuance
of New Senior Notes, as the same may be amended, restated, modified and/or supplemented from time to time in accordance with the terms hereof and thereof. 
 “Non-B/A Lender” shall mean any Canadian Facility RL Lender which is unwilling or unable to create Bankers’ Acceptances by accepting Drafts and which has identified itself as a “Non-B/A
Lender” by written notice to the Canadian Borrower. 
  

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 “Non-Defaulting Lender” shall mean each Lender other than a Defaulting Lender.

 “Non-Guarantor Subsidiaries” shall mean, at any time, the Subsidiaries of the U.S. Borrower that are not at such time
Subsidiary Guarantors. 
 “Non-U.S. Plan” means any plan, fund or other similar program that (a) is established or
maintained outside the United States of America by the U.S. Borrower, any of its Subsidiaries, or any ERISA Affiliate primarily for the benefit of employees of the U.S. Borrower or one or more of its Subsidiaries or any ERISA Affiliate residing
outside the United States of America, which plan, fund or other similar program provides or results in, retirement income, a deferral of income in contemplation of retirement or payments to be made upon termination of employment, and (b) is not
subject to ERISA or the Code. 
 “Non-Wholly Owned Subsidiary” shall mean, as to any Person, each Subsidiary of such Person
which is not a Wholly-Owned Subsidiary of such Person. 
 “Note” shall mean each Term Note, each Dollar Facility Revolving
Note, each U.S. Borrower Euro Facility Revolving Note, each European Borrower Euro Facility Revolving Note, each U.S. Borrower Canadian Facility Revolving Note, each Canadian Borrower Canadian Facility Revolving Note, each Competitive Bid Note and
the Swingline Note. 
 “Notice of Borrowing” shall have the meaning provided in Section 1.03(a). 
 “Notice of Competitive Bid Borrowing” shall have the meaning provided in Section 1.04(a). 
 “Notice of Conversion/Continuation” shall have the meaning provided in Section 1.07(a). 
 “Notice Office” shall mean the office of the Administrative Agent located at c/o Citicorp North America, Inc., 2 Penns Way, Suite
110, New Castle, Delaware 19720, Attention: Christina Quezon or such other office as the Administrative Agent may designate to the U.S. Borrower and the Lenders from time to time. 
 “Obligation Currency” shall have the meaning provided in Section 13.20(a). 
 “Obligations” shall mean all amounts or obligations, contingent or absolute, of every type or description, and at any time existing,
owing by any Credit Party to any Agent, any Issuing Lender or any Lender pursuant to the terms of this Agreement or any other Credit Document. 
 “Off-Balance Sheet Liabilities” shall mean, with respect to any Person (i) any repurchase obligation or liability of such Person with respect to accounts or notes receivable sold by such Person, (ii) any
obligation under a Synthetic Lease or (iii) any obligation arising with respect to any other transaction which is the functional equivalent of or takes the place of borrowing but which does not constitute a liability on the balance sheet of
such Person; provided that, lease payments with respect to leases of precious metal alloy (and obligations to return the precious metal alloy) owing by the U.S. Borrowers and any of its Subsidiaries (including, 
  

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 without limitation, the Vetrotex Subsidiary) in connection with the ongoing business of the Vetrotex Subsidiary (or
guarantees thereof) to direct or indirect owners of the Equity Interests in the Vetrotex Subsidiary and/or the owners of such precious metal alloy and other Persons providing financing to such owners in respect of such precious metal alloy (in each
case other than the U.S. Borrower and its Subsidiaries) shall in no event constitute “Off-Balance Sheet Liabilities”. 
 “Old Owens” shall mean Owens Corning, a Delaware corporation (as same existed before giving effect to the Plan of Reorganization). 
 “Other Hedging Agreements” shall mean any foreign exchange contracts, currency swap agreements, commodity hedging agreements or other similar agreements or arrangements designed to protect against
fluctuations in currency values or the prices of commodities used in the business of the U.S. Borrower and its Subsidiaries. 
 “Overnight Euro Rate” shall mean, on any date, the offered quotation to first-class banks in the Euro-Zone interbank market by the Issuing Lender for Euro overnight deposits of amounts in immediately available funds
comparable to the outstanding principal amount of the relevant Unpaid Drawing of the Issuing Lender as of 11:00 A.M. (London time) on such date; provided that in the event the Administrative Agent has made any determination pursuant to
Section 1.11 (a), the Overnight Euro Rate determined pursuant to the definition shall instead be the rate determined by the Issuing Lender as the all-in-cost of funds for the Issuing Lender to fund such Euro Unpaid Drawing. 
 “Payment Office” shall mean the office of the Administrative Agent located at c/o Citicorp North America, Inc., 2 Penns Way, Suite
110, New Castle, Delaware 19720, Attention: Christina Quezon or such other office as the Administrative Agent may hereafter designate in writing to the U.S. Borrower and the Lenders from time; provided that in the case of all payments of
principal (or Face Amount, as applicable), interest, Unpaid Drawings and/or other amounts owing by the Canadian Borrower with respect to Canadian Facility Revolving Loans or Canadian Facility Letters of Credit (including all Letter of Credit Fees
and Facing Fees with respect thereto), as the case may be, “Payment Office” shall mean the office of the Canadian Sub-Agent located at 123 Front Street West, Suite 1100, Toronto, Ontario M5J 2M3. 
 “PBGC” shall mean the Pension Benefit Guaranty Corporation referred to and defined in ERISA or any successor thereto. 
 “Permitted Acquisition” shall have the meaning provided in Section 9.02. 
 “Permitted Business” shall mean any business which is the same, similar, ancillary or reasonably related to the business in which the
U.S. Borrower or any of its Subsidiaries is engaged on the Effective Date. 
 “Permitted Liens” shall have the meaning
provided in Section 9.01. 
 “Person” shall mean any individual, partnership, joint venture, firm, corporation, limited
liability company, association, trust or other enterprise or any government or political subdivision or any agency, department or instrumentality thereof. 
  

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 “Plan” shall mean an “employee benefit plan” (as defined in Section 3(3)
of ERISA) subject to Title I of ERISA that is or, within the preceding five years, has been established or maintained, or to which contributions are or, within the preceding five years, have been made or required to be made, by the U.S. Borrower,
any of its Subsidiaries, or any ERISA Affiliate or with respect to which the U.S. Borrower, any of its Subsidiaries, or any ERISA Affiliate may have any liability. 
 “Plan Effective Date” shall mean the “Effective Date” under and as defined in the Plan of Reorganization. 
 “Plan Emergence” shall mean the satisfaction of all conditions precedent to and the occurrence of the “effective date” of the Plan of Reorganization. 
 “Plan of Reorganization” shall mean the Sixth Amended Joint Plan of Reorganization for Owens Corning and its affiliated debtors and
Debtors-in-Possession (as modified) dated as of July 10, 2006 in the form filed with the Bankruptcy Court on July 10, 2006, with the supplements and exhibits filed August 17, 2006, together with any subsequent modifications thereto
made on or prior to the Effective Date which are satisfactory in form and substance to the Required Lenders. 
 “Plan
Warrants” shall mean warrants to purchase common equity of the U.S. Borrower issued in connection with, and pursuant to, the Plan of Reorganization. 
 “Platform” shall have the meaning provided in Section 13.22(b). 
 “Pledged
Subsidiary” shall have the meaning provided in Section 5A.11(a). 
 “PMP” shall have the meaning provided in
Schedule X. 
 “Preferred Equity” shall mean, as applied to the Equity Interests of any Person, Equity Interests of such
Person (other than common stock of such Person) of any class or classes (however designed) that ranks prior, as to the payment of dividends or as to the distribution of assets upon any voluntary or involuntary liquidation, dissolution or winding up
of such Person, to Equity Interests of any other class of such Person. 
 “Prime Lending Rate” shall mean the rate which
Citibank (or another bank of recognized standing reasonably selected by the Administrative Agent) announces from time to time as its prime lending rate at its principal office in New York City, the Prime Lending Rate to change when and as such prime
lending rate changes. The Prime Lending Rate is a reference rate and does not necessarily represent the lowest or best rate actually charged to any customer. Citibank may make commercial loans or other loans at rates of interest at, above or below
the Prime Lending Rate. 
 “Pro Forma Balance Sheet” shall have the meaning provided in Section 5A.08(a). 

“Pro Forma Basis” shall mean, in connection with any calculation of compliance with any financial covenant or financial term, the
calculation thereof after giving effect on a pro forma basis to (x) the incurrence of any Indebtedness (other than revolving Indebtedness, except 
  

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 to the extent same is incurred to refinance other outstanding Indebtedness or to finance a Permitted Acquisition) after
the first day of the relevant Test Period, as if such Indebtedness had been incurred (and the proceeds thereof applied) on the first day of such Test Period, (y) the permanent repayment of any Indebtedness (other than revolving Indebtedness,
except to the extent accompanied by a corresponding permanent commitment reduction) after the first day of the relevant Test Period, as if such Indebtedness had been retired or repaid on the first day of such Test Period, and (z) any Permitted
Acquisition or any Significant Asset Sale then being consummated as well as any other Permitted Acquisition or any other Significant Asset Sale if consummated after the first day of the relevant Test Period, and on or prior to the date of the
respective Permitted Acquisition or Significant Asset Sale, as the case may be, then being effected, with the following rules to apply in connection therewith: 
 (i) all Indebtedness (x) (other than revolving Indebtedness, except to the extent same is incurred to refinance other outstanding
Indebtedness or to finance Permitted Acquisitions) incurred or issued after the first day of the relevant Test Period (whether incurred to finance a Permitted Acquisition, to refinance Indebtedness or otherwise) shall be deemed to have been incurred
or issued (and the proceeds thereof applied) on the first day of such Test Period, and remain outstanding through the date of determination and (y) (other than revolving Indebtedness, except to the extent accompanied by a corresponding
permanent commitment reduction) permanently retired or redeemed after the first day of the relevant Test Period, shall be deemed to have been retired or redeemed on the first day of such Test Period and remain retired through the date of
determination; 
 (ii) all Indebtedness assumed to be outstanding pursuant to preceding clause (i) shall be deemed to
have borne interest at (x) the rate applicable thereto, in the case of fixed rate indebtedness, or (y) the rates which would have been applicable thereto during the respective period when same was deemed outstanding, in the case of
floating rate Indebtedness (although interest expense with respect to any Indebtedness for periods while same was actually outstanding during the respective period shall be calculated using the actual rates applicable thereto while same was actually
outstanding); provided that all Indebtedness (whether actually outstanding or deemed outstanding) bearing interest at a floating rate of interest shall be tested on the basis of the rates applicable at the time the determination is made
pursuant to said provisions; and 
 (iii) in making any determination of Consolidated EBITDA on a Pro Forma
Basis, pro forma effect shall be given to any Permitted Acquisition or any Significant Asset Sale if effected during the respective Test Period as if same had occurred on the first day of the respective Test Period taking into account,
in the case of any Permitted Acquisition, factually supportable and identifiable cost savings and expenses which would otherwise be accounted for as an adjustment pursuant to Article 11 of Regulation S-X under the Securities Act, as if such
cost savings or expenses were realized on the first day of the respective period but without taking into account any pro forma cost savings and expenses. 
 “Projections” shall have the meaning provided in Section 5A.08(b). 
  

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 “Property” shall mean, with respect to any Person, any and all property, whether real,
personal, tangible, intangible or mixed, of such Person, or other assets owned, leased, or operated by such Person. 
 “Qualified
Preferred Stock” shall mean any Preferred Equity of the U.S. Borrower, the express terms of which shall provide that dividends thereon shall not be required to be paid at any time (and to the extent) that such payment would be prohibited by
the terms of this Agreement or any other agreement of the U.S. Borrower or any of its Subsidiaries relating to outstanding indebtedness and which, by its terms (or by the terms of any security into which it is convertible or for which it is
exchangeable), or upon the happening of any event (including any change of control event), cannot mature (excluding any maturity as the result of an optional redemption by the issuer thereof) and is not mandatorily redeemable, pursuant to a sinking
fund obligation or otherwise, and is not redeemable, or required to be repurchased, at the sole option of the holder thereof (including, without limitation, upon the occurrence of an change of control event), in whole or in part, on or prior to one
year following the Maturity Date then in effect. 
 “Quarterly Payment Date” shall mean the last Business Day of each March,
June, September and December. 
 “Rating Agency” shall mean S&P or Moody’s, as the case may be. 
 “Real Property” of any Person shall mean all of the right, title and interest of such Person in and to land, improvements and fixtures,
including Leaseholds. 
 “Reference Banks” shall mean the principal offices in London of Citibank and Bank of America or
such other banks as may be agreed upon by the Administrative Agent in consultation with the U.S. Borrower. 
 “Reference Discount
Rate” shall mean, in respect of any Bankers’ Acceptances or completed Drafts to be purchased by a Canadian Facility RL Lender pursuant to Section 1.01 and Schedule III hereto, (i) by a Schedule I chartered bank, the average
Bankers’ Acceptance discount rate for the appropriate term as quoted on Reuters Screen CDOR Page in respect of Schedule I chartered banks (or such other page as may be selected by the Canadian Sub-Agent as a replacement page for such
Banker’s Acceptances if such screen is not available) at 10:00 A.M. (Toronto time); and (ii) by any other Lender or Person, the lesser of (x) the rate specified in (i) plus 0.10% and (y) the discount rate (calculated
on an annual basis and rounded to the nearest one-hundredth of 1%, with five-thousandths of 1% being rounded up) quoted by Citibank Canada at 10:00 A.M. (Toronto time) as the discount rate at which Citibank Canada would purchase, on the relevant
Drawing Date, its own bankers’ acceptances or Drafts having an aggregate Face Amount equal to, and with a term to maturity the same as, the Bankers’ Acceptances or Drafts, as the case may be, to be acquired by such Canadian Facility RL
Lender on such Drawing Date. 
 “Refinancing” shall mean the refinancing and repayment or other satisfaction in full of all
amounts outstanding under, and the termination of all commitments in respect of, all Indebtedness to be Refinanced. 
  

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 “Refinancing Documents” shall mean all of the agreements, documents and instruments
executed or delivered in connection with the Refinancing. 
 “Register” shall have the meaning provided in
Section 13.17. 
 “Regulation D” shall mean Regulation D of the Board of Governors of the Federal Reserve System as
from time to time in effect and any successor to all or a portion thereof establishing reserve requirements. 
 “Regulation
T” shall mean Regulation T of the Board of Governors of the Federal Reserve System as from to time in effect and any successor to all or any portion thereof. 
 “Regulation U” shall mean Regulation U of the Board of Governors of the Federal Reserve System as from time to time in effect and any successor to all or a portion thereof. 
 “Regulation X” shall mean Regulation X of the Board of Governors of the Federal Reserve System as from time to time in effect and any
successor to all or any portion thereof. 
 “Release” shall have the meaning set forth in the Comprehensive Environmental
Response, Compensation and Liability Act of 1980, as amended (“CERCLA”) (42 U.S.C. Section 9601 et seq.). 
 “Reorganization” shall mean the consummation of the transactions contemplated by the Plan of Reorganization and the Disclosure Statement to occur on or prior to the Plan Effective Date. 
 “Reorganization Documents” shall mean each of the Plan of Reorganization, the Disclosure Statement and the Contingent Note. 

“Replaced Lender” shall have the meaning provided in Section 1.14. 
 “Replacement Lender” shall have the meaning provided in Section 1.14. 
 “Reply Date” shall have the meaning provided in Section 1.04(b). 
 “Reportable Event” shall mean an event described in Section 4043(c) of ERISA with respect to a Plan that is subject to Title IV of
ERISA other than those events as to which the 30-day notice period under ERISA has been waived under subsection .22, .23, .25, .27, or .28 of PBGC Regulation Section 4043. 
 “Required Lenders” shall mean Non-Defaulting Lenders, the sum of whose outstanding principal of Term Loans (or, if prior to the
occurrence of the Delayed Borrowing Date, whose Term Loan Commitments) and Revolving Loan Commitments (or after the termination thereof, outstanding Individual RL Facility Exposures) as of any date of determination represent greater than 50% of the
sum of all outstanding principal of Term Loans (or, if prior to the occurrence of the Delayed Borrowing Date, the sum of all Term Loan 
  

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 Commitments) of Non-Defaulting Lenders at such time and the sum of all Revolving Loan Commitments of all Non-Defaulting
Lenders at such time (or, after the termination thereof, the sum of the then total Individual RL Facility Exposures of all Non-Defaulting Lenders at such time). 
 “Returns” shall have the meaning provided in Section 7.09. “Revolving Loan” shall have the meaning provided in Section 1.01(d). 
 “Revolving Loan Commitment” shall mean, at any time, each Dollar Facility Revolving Loan Commitment, each Euro Facility Revolving Loan
Commitment and each Canadian Facility Revolving Loan Commitment, in each case in effect at such time. 
 “RL Commitment
Commission” shall have the meaning provided in Section 3.01(a). 
 “RL Lender” shall mean each Dollar Facility
RL Lender, each Euro Facility RL Lender and each Canadian Facility RL Lender. 
 “RL Repayment Percentage” shall mean, with
respect to any Tranche of Revolving Loans at any time, a fraction (expressed as a percentage) (x) the numerator of which is the aggregate principal amount of outstanding Revolving Loans of such Tranche (using the Dollar Equivalent of any
amounts denominated in Canadian Dollars or Euros) and (y) the denominator of which is the sum of the aggregate principal amount of all outstanding Revolving Loans at such time (using the Dollar Equivalent of any amounts denominated in Canadian
Dollars or Euros). 
 “S&P” shall mean Standard & Poor’s Ratings Services, a division of McGraw Hill, Inc.

 “S&P Credit Rating” shall mean the corporate credit rating level (it being understood that a rating level shall
include numerical modifiers and (+) and (-) modifiers) assigned by S&P to the U.S. Borrower. If the foregoing rating shall be changed by S&P, such change shall be effective for purposes of this definition on the Business Day following
the day on which S&P announces such change. 
 “Scheduled Existing Indebtedness” shall mean the Indebtedness listed on
Schedule VII hereto on the Initial Borrowing Date. 
 “SEC” shall mean the Securities and Exchange Commission or any
successor thereto. 
 “Section 4.04(b)(ii) Certificate” shall have the meaning provided in Section 4.04(b)(ii).

 “Securities Act” shall mean the Securities Act of 1933, as amended, and the rules and regulations promulgated thereunder.

  

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 “Significant Asset Sale” shall mean each Asset Sale which generates Net Sale Proceeds of
at least $100,000,000. 
 “Spread” shall mean a percentage per annum in excess of, or less than, an Interest Rate Basis.

 “Spread Borrowing” shall mean a Competitive Bid Borrowing with respect to which the U.S. Borrower has requested the
Bidder Lenders to make Competitive Bid Loans at a Spread over or under a specified Interest Rate Basis. 
 “SPV” shall have
the meaning provided in the definition of Asset Securitization. 
 “Standard Securitization Undertakings” means, with
respect to an Asset Securitization, representations, warranties, covenants and indemnities entered into by the U.S. Borrower or any Subsidiary thereof in connection with such Asset Securitization, which are reasonably customary in asset
securitizations for the types of assets subject to the respective Asset Securitization. 
 “Standby Letter of Credit” shall
have the meaning provided in Section 2.01(a). 
 “Stated Amount” shall mean, with respect to each Letter of Credit, at
any time, the maximum amount available to be drawn thereunder, in each case determined without regard to whether any conditions to drawing could then be met but after giving effect to all previous drawings made thereunder, provided that, the
“Stated Amount” of each (x) Euro Denominated Letter of Credit shall be, on any date of calculation, the Dollar Equivalent of the maximum amount available to be drawn in Euros thereunder and (y) Canadian Dollar Denominated Letter
of Credit shall be, on any date of calculation, the Dollar Equivalent of the maximum amount available to be drawn in Canadian Dollars thereunder (determined without regard to whether any conditions to drawing could then be met but after giving
effect to all previous drawings made thereunder), in each case, determined without regard to whether any conditions to drawing could then be met but after giving effect to all previous drawings made thereunder. 
 “Subsidiaries Guaranty” shall have the meaning provided in Section 5A.11(a) and shall include any counterpart thereof and any other
substantially identical guaranty executed and delivered by any Subsidiary of the U.S. Borrower pursuant to Section 8.12. 
 “Subsidiary” shall mean, with respect to any Person, (i) any corporation more than 50% of whose stock of any class or classes having by the terms thereof ordinary voting power to elect a majority of the directors of
such corporation (irrespective of whether or not at the time stock of any class or classes of such corporation shall have or might have voting power by reason of the happening of any contingency) is at the time owned by such Person directly or
indirectly through one or more Subsidiaries of such Person and (ii) any partnership, association, limited liability company, joint venture or other entity or organizational form (other than a corporation) in which such Person directly or
indirectly through one or more Subsidiaries of such Person, has more than a 50% Equity Interest at the time. 
 “Subsidiary
Borrower” shall mean, collectively, the Canadian Borrower and the European Borrower. 
  

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 “Subsidiary Borrower Assumption Agreement” shall mean an assumption agreement in the
form of Exhibit O hereto. 
 “Subsidiary Guarantor” shall mean each Subsidiary of the U.S. Borrower which has executed and
delivered the Subsidiaries Guaranty, unless and until such time as the respective Subsidiary is released from all of its obligations under the Subsidiaries Guaranty in accordance with the terms and provisions thereof. 
 “Swingline Expiry Date” shall mean the date that is five Business Days prior to October 31, 2011. 
 “Swingline Lender” shall mean Citibank, or any Person serving as a successor Administrative Agent hereunder, in its capacity as a lender
of Swingline Loans. 
 “Swingline Loan” shall have the meaning provided in Section 1.01(f). 
 “Swingline Note” shall have the meaning provided in Section 1.06(a). 
 “Syndication Agreement” shall mean the Syndication Agreement, dated as of May 10, 2006, among J.P. Morgan Securities Inc. and the
several investors party thereto concerning arrangements to purchase Unsubscribed Shares (as defined in the Plan of Reorganization). 
 “Syndication Date” shall mean the earlier of (i) the 90th day following the Initial Borrowing Date and (ii) the date upon which the Administrative Agent determines (and notifies the U.S. Borrower and the Lenders)
that the primary syndication (and resultant addition of Persons as Lenders pursuant to Section 13.04(b)) has been completed. 
 “Synthetic Lease” means a lease transaction under which the parties intend that (i) the lease will be treated as an “operating lease” by the lessee and for financial reporting purposes but (ii) the
lessee will be entitled to various tax and other benefits ordinarily available to owners (as opposed to lessees) of like property. 
 “Tariff Base” shall have the meaning provided in the definition of, and will be calculated in accordance with, the Fees Rules. 
 “Tax Benefit” shall have the meaning provided in Section 4.04(g). 
 “Taxes” shall have the meaning provided in Section 4.04(a). 
 “Term Loan” shall have the
meaning provided in Section 1.01(a). 
 “Term Loan Commitment” shall mean, with respect to each Lender, the amount set
forth opposite such Lender’s name in Schedule I directly below the column entitled “Term Loan Commitment”, as the same may be terminated pursuant to Sections 3.02, 3.03 and/or 10. 
 “Term Note” shall have the meaning provided in Section 1.06(a). 
  

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 “Test Period” shall mean each period of four consecutive Fiscal Quarters then last ended
(it being understood and agreed that, with respect to any Fiscal Quarter ended prior to the first anniversary of the Effective Date, the respective Test Period shall include four full consecutive Fiscal Quarters, as if the U.S. Borrower and its
Subsidiaries had been in existence for a period of four full consecutive Fiscal Quarters), in each case taken as one accounting period; provided that in the case of any Test Period which includes any period occurring prior to the Effective
Date, the rules set forth in the immediately succeeding sentence shall apply. If the respective Test Period includes any Fiscal Quarter ended on or prior to the last day of the first full Fiscal Quarter ending after the Initial Borrowing Date,
(x) Consolidated EBITDA for such Fiscal Quarter shall be deemed to be (I) in the case of any portion of any such Fiscal Quarter occurring prior to the Initial Borrowing Date (or all of such Fiscal Quarter, if same ended on or prior to the
Initial Borrowing Date), Consolidated EBITDA for such portion of such Fiscal Quarter determined as if each reference to “the U.S. Borrower” in the definition of Consolidated EBITDA and in each other defined term referred to therein was
instead a reference to “Old Owens” and (II) in the case of any portion of any such Fiscal Quarter occurring on or after the Initial Borrowing Date, actual Consolidated EBITDA for such portion of such Fiscal Quarter and
(y) Consolidated Interest Expense for such Fiscal Quarter shall be deemed to be $29,000,000. 
 “TL Commitment
Commission” shall have the meaning provided in Section 3.01(e). 
 “TL Commitment Percentage” shall mean, with
respect to any Lender with an outstanding Term Loan Commitment at any time, that percentage which is equal to a fraction (expressed as a percentage) the numerator of which is the Term Loan Commitment of such Lender at such time and the denominator
of which is the Total Term Loan Commitment at such time, provided that if any such determination is to be made after the Total Term Loan Commitment (and the related Term Loan Commitments of the Lenders) has (or have) terminated, the
determination of such percentages shall be made immediately before giving effect to such termination. 
 “Total Canadian Facility
Revolving Loan Commitment” shall mean, at any time, the sum of the Canadian Facility Revolving Loan Commitments of each of the Lenders with such a Commitment at such time. 
 “Total Commitment” shall mean, at any time, the sum of the Term Loan Commitment and the Total Revolving Loan Commitment. 
 “Total Dollar Facility Revolving Loan Commitment” shall mean, at any time, the sum of the Dollar Facility Revolving Loan Commitments of
each of the Lenders with such a Commitment at such time. 
 “Total Euro Facility Revolving Loan Commitment” shall mean, at
any time, the sum of the Euro Facility Revolving Loan Commitments of each of the Lenders with such a Commitment at such time. 
 “Total Revolving Loan Commitment” shall mean, at any time, the sum of the Total Dollar Facility Revolving Loan Commitment, the Total Euro Facility Revolving Loan Commitment and the Total Canadian Facility Revolving Loan
Commitment, in each case in effect at such time. 
  

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 “Total Term Loan Commitment” shall mean, at any time, the sum of the Term Loan
Commitments of each of the Lenders with such a Commitment at such time. 
 “Trade Letter of Credit” shall have the meaning
set forth in Section 2.01(a). 
 “Tranche” shall mean the respective facilities and commitments utilized in making
Loans hereunder, with there being four separate Tranches (i.e., Term Loans, Dollar Facility Revolving Loans, Euro Facility Revolving Loans and Canadian Facility Revolving Loans); provided that for purposes of the definition of
“Majority Lenders” contained herein and Section 13.12(a), there shall be deemed to be two separate Tranches (i.e., Term Loans and Revolving Loans). 
 “Transaction” shall mean, collectively, (i) the consummation of the Reorganization, (ii) the consummation of the Refinancing, (iii) the occurrence of the Plan Emergence, (iv) the
entering into of the Credit Documents and the incurrence of all Loans and the issuance of all Letters of Credit on the Initial Borrowing Date, and (v) the payment of fees and expenses in connection with the foregoing. 
 “Treaty” means the Treaty establishing the European Community being the Treaty of Rome of March 25, 1957, as amended by the Single
European Act 1986, the Maastricht Treaty (which was signed at Maastricht on February 7, 1992) and the Treaty of Amsterdam (which was signed in Amsterdam on October 2, 1997). 
 “Type” shall mean the type of Loan determined with regard to the currency thereof and the interest option applicable thereto,
i.e., whether a Base Rate Loan, a Eurodollar Loan, a Euro Denominated Loan, Canadian Prime Rate Loan or a Bankers’ Acceptance Loan. 
 “UCC” shall mean the Uniform Commercial Code as in effect from time to time in the relevant jurisdiction. 
 “Unfunded Current Liability” shall mean the amount, if any, by which the actuarial present value of accumulated benefits of any Plan subject to Title IV of ERISA as of the close of its most recent plan year, determined
using actuarial assumptions at such time consistent with those prescribed by Financial Account Standards No. 87, exceeds the fair market value of the assets allocable to such liabilities. 
 “Unpaid Drawing” shall have the meaning provided in Section 2.04(a). 
 “Unutilized Canadian Facility Revolving Loan Commitment” shall mean, with respect to any Canadian Facility RL Lender, at any time, such
Canadian Facility RL Lender’s Canadian Facility Revolving Loan Commitment at such time, if any, less the sum of (i) the aggregate outstanding principal amount of Canadian Facility Revolving Loans (taking the Dollar Equivalent of any
such Loans denominated in Canadian Dollars) made by such Canadian Facility RL Lender and then outstanding and (ii) the sum of such Canadian Facility RL Lender’s L/C Participation Percentage of the Stated Amount of each Canadian Facility
Letter of Credit and any Unpaid Drawings (taking the Dollar Equivalent of any amounts expressed in Canadian Dollars) relating thereto. 
  

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 “Unutilized Dollar Facility Revolving Loan Commitment” shall mean, with respect to any
Dollar Facility RL Lender, at any time, such Dollar Facility RL Lender’s Dollar Facility Revolving Loan Commitment at such time, if any, less the sum of (i) the aggregate outstanding principal amount of Dollar Facility Revolving
Loans made by such Dollar Facility RL Lender and then outstanding and (ii) the sum of such Dollar Facility RL Lender’s L/C Participation Percentage of the Stated Amount of each Dollar Facility Letter of Credit and any Unpaid Drawings
relating thereto. 
 “Unutilized Euro Facility Revolving Loan Commitment” shall mean, with respect to any Euro Facility RL
Lender, at any time, such Euro Facility RL Lender’s Euro Facility Revolving Loan Commitment at such time, if any, less the sum of (i) the aggregate outstanding principal amount of Euro Facility Revolving Loans (taking the Dollar
Equivalent of any such Loans denominated in Euros) made by such Euro Facility RL Lender and then outstanding and (ii) the sum of such Euro Facility RL Lender’s L/C Participation Percentage of the Stated Amount of each Euro Facility Letter
of Credit and any Unpaid Drawings (taking the Dollar Equivalent of any amounts expressed in Euros) relating thereto. 
 “U.S.” or “United States” shall mean the United States of America. 
 “U.S.
Borrower” shall have the meaning provided in the first paragraph of this Agreement. 
 “U.S. Borrower Canadian Facility
Revolving Loan” shall have the meaning provided in Section 1.01(d). 
 “U.S. Borrower Canadian Facility Revolving
Note” shall have the meaning provided in Section 1.06(a). 
 “U.S. Borrower Common Stock” shall have the
meaning provided in Section 7.11. 
 “U.S. Borrower Euro Facility Revolving Loan” shall have the meaning provided in
Section 1.01(c). 
 “U.S. Borrower Euro Facility Revolving Note” shall have the meaning provided in
Section 1.06(b). 
 “U.S. Borrower Guaranteed Obligations” shall mean (i) the principal and interest on each
European Borrower Euro Facility Revolving Note and each Canadian Borrower Canadian Facility Revolving Note issued by the European Borrower or the Canadian Borrower, as the case may be, to each Lender, and each European Borrower Euro Facility
Revolving Loan and each Canadian Borrower Canadian Facility Revolving Loan made, under this Agreement, all reimbursement obligations and Unpaid Drawings with respect to each Letter of Credit issued for the account of each of the European Borrower or
the Canadian Borrower, together with all the other obligations (including obligations which, but for the automatic stay under Section 362(a) of 
  

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 the Bankruptcy Code, would become due) and liabilities (including, without limitation, indemnities, fees and interest
thereon) of each of the European Borrower and the Canadian Borrower to each Lender, the Administrative Agent and each Issuing Lender now existing or hereafter incurred under, arising out of or in connection with this Agreement or any other Credit
Document and the due performance and compliance by each of the European Borrower and the Canadian Borrower with all the terms, conditions and agreements contained in the Credit Documents to which it is a party and (ii) all obligations
(including obligations which, but for the automatic stay under Section 362(a) of the Bankruptcy Code, would become due) and liabilities of the European Borrower, the Canadian Borrower or any Subsidiary Guarantor owing under any Interest Rate
Protection Agreement or any Other Hedging Agreement entered into by the European Borrower, the Canadian Borrower or any Subsidiary Guarantor with any Lender or any affiliate thereof (even if such Lender subsequently ceases to be a Lender under this
Agreement for any reason) so long as such Lender or affiliate participates in such Interest Rate Protection Agreement or Other Hedging Agreement, and their subsequent assigns, if any, whether now in existence or hereafter arising, and the due
performance and compliance with all terms, conditions and agreements contained therein. 
 “U.S. Borrower Guaranteed Party”
shall mean the European Borrower, the Canadian Borrower and each other Subsidiary Guarantor party to any Interest Rate Protection Agreement or Other Hedging Agreement with any Secured Creditor. 
 “U.S. Borrower Letter of Credit” shall mean each Dollar Facility Letter of Credit, Euro Facility Letter of Credit or Canadian Facility
Letter of Credit, as the case may be, issued for the account of the U.S. Borrower pursuant to Section 2.01 and designated as such by the U.S. Borrower in the respective Letter of Credit Request. 
 “U.S. Borrower’s Guaranty” shall mean the guaranty of the U.S. Borrower pursuant to Section 14. 
 “U.S. GAAP” shall mean generally accepted accounting principles in the United States of America as in effect from time to time;
provided that determinations in accordance with U.S. GAAP for purposes of Section 9, including defined terms as used therein, are subject (to the extent provided therein) to Section 13.07(a). 
 “Vetrotex Pledged Assets” shall mean precious metal alloy in an aggregate amount not to exceed at any time the Vetrotex Pledged Assets
Maximum Amount. 
 “Vetrotex Pledged Assets Maximum Amount” shall mean that aggregate maximum weight of precious metal alloy
as has been disclosed by the U.S. Borrower to the Administrative Agent in a letter addressed to the Administrative Agent and dated at least 10 Business Days prior to the Effective Date. It is understood and agreed that the Administrative Agent may
furnish copies of the letter referenced in the preceding sentence, or disclose the contents thereof, to Lenders and prospective Lenders. 
 “Vetrotex Subsidiary” shall mean a Non-Wholly Owned Subsidiary of the U.S. Borrower which, pursuant to the Vetrotex Transaction, shall own or acquire the reinforcement business of the U.S. Borrower and its Subsidiaries.

  

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 “Vetrotex Transaction” shall mean, collectively, the transactions described in the press
release issued by the U.S. Borrower on July 27, 2006, pursuant to which the U.S. Borrower will contribute its reinforcements business into the Vetrotex Subsidiary. 
 “Warrant Obligation Amount” shall mean the obligation (if any) shown on the liabilities side of the U.S. Borrower’s consolidated balance sheet representing obligations in respect of the Plan
Warrants. 
 “Wholly-Owned Domestic Subsidiary” shall mean, as to any Person, any Wholly-Owned Subsidiary of such Person
which is a Domestic Subsidiary. 
 “Wholly-Owned Subsidiary” shall mean, as to any Person, (i) any corporation 100% of
whose capital stock (other than director’s qualifying shares and/or other nominal amounts of shares required by applicable law to be held by Persons other than such Person) is at the time owned by such Person and/or one or more Wholly-Owned
Subsidiaries of such Person and (ii) any partnership, limited liability company, association, joint venture or other entity in which such Person and/or one or more Wholly-Owned Subsidiaries of such Person has a 100% Equity Interest at such
time; provided that any Foreign Subsidiary of such Person at least 90% of whose capital stock or other Equity Interests are owned by such Person and/or one or more Wholly-Owned Subsidiaries (determined after giving effect to this proviso) of
such Person at such time shall be deemed to be a Wholly-Owned Subsidiary of such Person. 
 “Written” (whether lower or
upper case) or “in writing” shall mean any form of written communication or a communication by means of telex, facsimile device, telegraph or cable. 
 SECTION 12. The Administrative Agent. 
 12.01 Appointment. (a) Each Lender hereby
irrevocably designates and appoints Citibank as Administrative Agent for such Lender and Citibank Canada as Canadian Sub-Agent to such Lender (for purposes of this Section 12, the term “Administrative Agent” shall mean Citibank in its
capacities as Administrative Agent and Citibank Canada as Canadian Sub-Agent hereunder) to act as specified herein and in the other Credit Documents, and each such Lender hereby irrevocably authorizes the Administrative Agent to take such action on
its behalf under the provisions of this Agreement and the other Credit Documents and to exercise such powers and perform such duties as are expressly delegated to or required of the Administrative Agent by the terms of this Agreement and the other
Credit Documents, together with such other powers as are reasonably incidental thereto. The Administrative Agent may perform any of its duties under this Agreement, the other Credit Documents and any other instruments and agreements referred to
herein or therein by or through its officers, directors, agents, employees or affiliates. 
 (b) The provisions of this Section 12 are
solely for the benefit of the Administrative Agent and the Lenders, and neither the U.S. Borrower nor any of its Subsidiaries shall have any rights as a third party beneficiary of any of the provisions hereof. In performing its functions and duties
under this Agreement, the Administrative Agent shall act solely as agent for the Lenders, and the Administrative Agent assumes no (and shall not be deemed to have assumed any) obligation or relationship of agency or trust with or for the U.S.
Borrower or any of its Subsidiaries. 
  

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 12.02 Nature of Duties. (a) The Administrative Agent shall not have any duties or
responsibilities except those expressly set forth in this Agreement and in the other Credit Documents. Neither the Administrative Agent nor any of its officers, directors, agents, employees or affiliates shall be liable for any action taken or
omitted by it hereunder or under any other Credit Document or in connection herewith or therewith, unless caused by its or their gross negligence or willful misconduct (as determined by a court of competent jurisdiction in a final and non-appealable
decision). The duties of the Administrative Agent shall be mechanical and administrative in nature; the Administrative Agent shall not have by reason of this Agreement or any other Credit Document a fiduciary relationship in respect of any Lender or
the holder of any Note and nothing in this Agreement or in any other Credit Document, expressed or implied, is intended to or shall be so construed as to impose upon the Administrative Agent any obligations in respect of this Agreement or any other
Credit Document except as expressly set forth herein or therein. 
 (b) Notwithstanding any other provision of this Agreement or any
provision of any other Credit Document, each of the Persons named on the title page hereof as “Co-Documentation Agents”, “Co-Syndication Agents” and as “Joint Lead Arrangers and Joint Bookrunners” are named as such for
recognition purposes only, and in their respective capacities as such shall have no powers, duties, responsibilities or liabilities with respect to this Agreement or the other Credit Documents or the transactions contemplated hereby and thereby; it
being understood and agreed that the Persons named on the title page hereof as “Co-Documentation Agents”, “Co-Syndication Agents” and “Joint Lead Arrangers and Joint Bookrunners” shall be entitled to all indemnification
and reimbursement rights in favor of “the Administrative Agent” as, and to the extent, provided for under Section 13.01. Without limitation of the foregoing, none of the Persons named on the title page hereof as “Co-Documentation
Agents”, “Co-Syndication Agents” or “Joint Lead Arrangers and Joint Bookrunners” shall, solely by reason of this Agreement or any other Credit Documents and solely in such capacity, have any fiduciary relationship in respect
of any Lender or any other Person. 
 12.03 Certain Rights of the Administrative Agent. The Administrative Agent shall have the right
to request instructions from the Required Lenders at any time. If the Administrative Agent shall request instructions from the Required Lenders with respect to any act or action (including failure to act) in connection with this Agreement or any
other Credit Document, the Administrative Agent shall be entitled to refrain from such act or taking such action unless and until the Administrative Agent shall have received instructions from the Required Lenders; and the Administrative Agent shall
not incur liability to any Lender by reason of so refraining. Without limiting the foregoing, neither any Lender nor the holder of any Note shall have any right of action whatsoever against the Administrative Agent or any of its employees,
directors, officers, agents or affiliates as a result of the Administrative Agent or such other person acting or refraining from acting hereunder or under any other Credit Document in accordance with the instructions of the Required Lenders.

  

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 12.04 Reliance by the Administrative Agent. The Administrative Agent shall be entitled to rely,
and shall be fully protected (and shall have no liability to any Person) in relying, upon any note, writing, resolution, notice, statement, certificate, telex, teletype or telecopier message, cablegram, radiogram, order, telephone message or other
document or conversation that the Administrative Agent believed, in the absence of gross negligence or willful misconduct (as determined by a court of competent jurisdiction in a final and non-appealable decision), to be the proper Person, and, with
respect to all legal matters pertaining to this Agreement and any other Credit Document and its duties hereunder and thereunder, upon advice of counsel selected by the Administrative Agent (which may be counsel for the Credit Parties) and, with
respect to other matters, upon advice of independent public accountants or other experts selected by it. 
 12.05 Notice of Default,
etc. The Administrative Agent shall not be deemed to have knowledge or notice of the occurrence of any Default or Event of Default unless the Administrative Agent has actually received written notice from a Lender or any Borrower referring to
this Agreement, describing such Default or Event of Default and stating that such notice is a “notice of default”. In the event that the Administrative Agent receives such a notice, the Administrative Agent shall give prompt notice thereof
to the Lenders. The Administrative Agent shall take such action with respect to such Default or Event of Default as shall be reasonably directed by the Required Lenders; provided that, unless and until the Administrative Agent shall have
received such directions, the Administrative Agent may (but shall not be obligated to) take such action, or refrain from taking such action, with respect to such Default or Event of Default as it shall deem advisable in the best interests of the
Lenders (as determined by the Administrative Agent in its sole discretion). 
 12.06 Nonreliance on the Administrative Agent and Other
Lenders. Independently and without reliance upon the Administrative Agent, each Lender and the holder of each Note, to the extent it deems appropriate, has made and shall continue to make its own independent investigation of the financial
condition and affairs of the U.S. Borrower and its Subsidiaries in connection with the making and the continuance of the Loans and the taking or not taking of any action in connection herewith and, except as expressly provided in this Agreement, the
Administrative Agent shall not have any duty or responsibility, either initially or on a continuing basis, to provide any Lender or the holder of any Note with any credit or other information with respect thereto, whether coming into its possession
before the making of the Loans or at any time or times thereafter. Neither the Administrative Agent nor its affiliates nor any of their respective officers, directors, agents or employees shall be responsible to any Lender or the holder of any Note
for, or be required or have any duty to ascertain, inquire or verify the accuracy of, (i) any recitals, statements, information, representations or warranties herein or in any document, certificate or other writing delivered in connection
herewith, (ii) the execution, effectiveness, genuineness, validity, enforceability, perfection, collectibility, priority or sufficiency of this Agreement or any other Credit Document, (iii) the financial condition of the U.S. Borrower and
any of its Subsidiaries, (iv) the performance or observance of any of the terms, provisions or conditions of this Agreement or any other Credit Document, (v) the satisfaction of any of the conditions precedent set forth in Section 5
or 6, or (vi) the existence or possible existence of any Default or Event of Default. 
 12.07 Indemnification by Lenders.
(a) To the extent the Administrative Agent (or any affiliate thereof acting on behalf of the Administrative Agent) is not reimbursed and indemnified by the Borrowers, the Lenders will reimburse and indemnify the Administrative Agent (and any
affiliate thereof acting on behalf of the Administrative Agent) in proportion to 
  

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 their respective “percentages” as used in determining the Required Lenders (determined as if there were no
Defaulting Lenders), for and against any and all liabilities, obligations, losses, damages, penalties, claims, actions, judgments, costs, expenses or disbursements of whatsoever kind or nature which may be imposed on, asserted against or incurred by
the Administrative Agent (or any affiliate thereof acting on behalf of the Administrative Agent) in performing its respective duties hereunder or under any other Credit Document or in any way relating to or arising out of this Agreement or any other
Credit Document, provided that no Lender shall be liable for any portion of such liabilities, obligations, losses, damages, penalties, actions, judgments, suits, costs, expenses or disbursements resulting from the Administrative Agent’s
gross negligence or willful misconduct (as determined by a court of competent jurisdiction in a final and non-appealable decision). 
 (b)
The Administrative Agent shall be fully justified in failing or refusing to take any action hereunder and under any other Credit Document (except actions expressly required to be taken by it hereunder or under the Credit Documents) unless it shall
first be indemnified to its satisfaction by the Lenders pro rata against any and all liability, cost and expense that it may incur by reason of taking or continuing to take any such action. 
 (c) The agreements in this Section 12.07 shall survive the payment of all Obligations. 
 12.08 The Administrative Agent in its Individual Capacity. With respect to its obligation to make Loans, or issue or participate in Letters of
Credit, under this Agreement, the Administrative Agent shall have the rights and powers specified herein for a “Lender” and may exercise the same rights and powers as though it were not performing the duties specified herein; and the term
“Lender”, “Required Lenders”, “Majority Lenders”, “holders of Notes” or any similar terms shall, unless the context clearly otherwise indicates, include the Administrative Agent in its individual capacity. The
Administrative Agent and its affiliates may accept deposits from, lend money to, and generally engage in any kind of banking, investment banking, trust or other business with, or provide debt financing, equity capital or other services (including
financial advisory services) to, any Credit Party or any Affiliate of any Credit Party (or any Person engaged in a similar business with any Credit Party or any Affiliate thereof) as if they were not performing the duties specified herein, and may
accept fees and other consideration from any Credit Party or any Affiliate of any Credit Party for services in connection with this Agreement and otherwise without having to account for the same to the Lenders. 
 12.09 Holders. The Administrative Agent may deem and treat the payee of any Note as the owner thereof for all purposes hereof unless and until a
written notice of the assignment, transfer or endorsement thereof, as the case may be, shall have been filed with the Administrative Agent. Any request, authority or consent of any Person or entity who, at the time of making such request or giving
such authority or consent, is the holder of any Note shall be conclusive and binding on any subsequent holder, transferee, assignee or endorsee, as the case may be, of such Note or of any Note or Notes issued in exchange therefor. 
 12.10 Resignation of the Administrative Agent. (a) The Administrative Agent may resign from the performance of all its functions and duties
hereunder and/or under the other Credit Documents at any time by giving 30 Business Days’ prior written notice to the Lenders 
  

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 and, unless a Default or an Event of Default under Section 10.05 then exists, the U.S. Borrower. Any such
resignation by the Administrative Agent hereunder shall also constitute its resignation (if applicable) as an Issuing Lender and Swingline Lender, in which case the resigning Administrative Agent (x) shall not be required to issue any further
Letters of Credit or make any additional Swingline Loans hereunder and (y) shall maintain all of its rights as Issuing Lender or Swingline Lender, as the case may be, with respect to any Letter of Credit issued by it, or Swingline Loans made by
it, prior to the date of such resignation. Such resignation shall take effect upon the appointment of a successor Administrative Agent pursuant to clauses (b) and (c) below or as otherwise provided below. 
 (b) Upon any such notice of resignation by the Administrative Agent, the Required Lenders shall appoint a successor Administrative Agent hereunder and/or
under the other Credit Documents who shall be a commercial bank or trust company acceptable to the U.S. Borrower, which acceptance shall not be unreasonably withheld or delayed (provided that the U.S. Borrower’s approval shall not be
required if an Event of Default then exists). 
 (c) If a successor Administrative Agent shall not have been so appointed within such 30
Business Day period, the Administrative Agent, with the consent of the U.S. Borrower (which consent shall not be unreasonably withheld or delayed, provided that the U.S. Borrower’s consent shall not be required if an Event of Default
then exists), shall then appoint a successor Administrative Agent who shall serve as Administrative Agent hereunder and/or under the other Credit Documents until such time, if any, as the Required Lenders appoint a successor Administrative Agent as
provided above. 
 (d) If no successor Administrative Agent has been appointed pursuant to clause (b) or (c) above by the 30th
Business Day after the date such notice of resignation was given by the Administrative Agent, the Administrative Agent’s resignation shall become effective and the Required Lenders shall thereafter perform all the duties of the Administrative
Agent hereunder and/or under any other Credit Document until such time, if any, as the Lenders appoint a successor Administrative Agent as provided above. 
 (e) Upon a resignation of the Administrative Agent pursuant to this Section 12.10, the Administrative Agent shall remain indemnified to the extent provided in this Agreement and the other Credit Documents and the
provisions of this Section 12 shall continue in effect for the benefit of the Administrative Agent for all of its actions and inactions while serving as the Administrative Agent. 
 12.11 Delivery of Information. The Administrative Agent shall not be required to deliver to any Lender originals or copies of any documents,
instruments, notices, communications or other information received by the Administrative Agent from any Borrower, any Subsidiary, the Required Lenders, any Lender or any other Person under or in connection with this Agreement or any other Credit
Document except (i) as specifically provided in this Agreement or any other Credit Document and (ii) as specifically requested from time to time in writing by any Lender with respect to a specific document, instrument, notice or other
written communication received by and in the possession of the Administrative Agent at the time of receipt of such request and then only in accordance with such specific request. 
  

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 SECTION 13. Miscellaneous. 
 13.01 Payment of Expenses, etc. The Borrowers jointly and severally agree to: (i) whether or not the transactions herein contemplated are
consummated, pay all reasonable out-of-pocket costs and expenses of the Administrative Agent (including, without limitation, the reasonable fees and disbursements of White & Case LLP and local and foreign counsel) in connection with the
negotiation, preparation, execution and delivery of this Agreement and the other Credit Documents and the documents and instruments referred to herein and therein and of the Administrative Agent in connection with any amendment, waiver or consent
relating hereto or thereto, and of the Administrative Agent in connection with its syndication efforts with respect to this Agreement; (ii) pay, upon presentation of invoices in reasonable detail, all reasonable out-of-pocket costs and expenses
of the Administrative Agent, each Issuing Lender and each of the Lenders in connection with the enforcement of the Credit Documents and the documents and instruments referred to therein (including, without limitation, the reasonable fees and
disbursements of counsel) and the protection of the rights of the Administrative Agent, each Issuing Lender and each of the Lenders thereunder (including, without limitation, the reasonable fees and disbursements of counsel (including in-house
counsel) for the Administrative Agent, each Issuing Lender and each of the Lenders); (iii) pay, upon presentation of invoices in reasonable detail, and hold each of the Administrative Agent, each Issuing Lender and each of the Lenders harmless
from and against any and all present and future stamp, documentary, transfer, sales and use, value added, excise and other similar taxes with respect to the foregoing matters, the performance of any obligation under this Agreement or any other
Credit Document or any payment thereunder, and save each of the Administrative Agent, each Issuing Lender and each of the Lenders harmless from and against any and all liabilities with respect to or resulting from any delay or omission (other than
to the extent attributable to the Administrative Agent, such Issuing Lender or such Lender) to pay such taxes; and (iv) indemnify the Administrative Agent, each Issuing Lender and each Lender (in each case, solely in their respective capacities
as Administrative Agent, Issuing Lender and Lender), their respective officers, directors, employees, representatives, advisors, trustees and agents from and hold each of them harmless against any and all liabilities, obligations (including removal
or remedial actions), losses, damages, penalties, claims, actions, costs, expenses and disbursements incurred by, imposed on or assessed against any of them as a result of, or arising out of, or in any way related to, or by reason of, (a) any
investigation, litigation or other proceeding (whether or not the Administrative Agent, any Issuing Lender or any Lender is a party thereto and whether or not any such investigation, litigation or other proceeding is between or among the
Administrative Agent, any Issuing Lender, any Lender, any Credit Party or any third Person or otherwise) related to the entering into and/or performance of this Agreement or any other Document or the use of any Letter of Credit or the proceeds of
any Loans hereunder or the Transaction or the consummation of any other transactions contemplated by any Document or the exercise or enforcement of any of their rights or remedies provided herein or in the other Credit Documents (but excluding any
such liabilities, obligations, losses, damages, penalties, claims, actions, costs, expenses and disbursements to the extent incurred by reason of the gross negligence or willful misconduct (as determined by a court of competent jurisdiction in a
final and non-appealable decision) of the Person to be indemnified), or (b) the actual or alleged presence of Hazardous Materials in the air, surface water or groundwater or on the surface or subsurface of any Real Property at any time owned,
leased or operated by any Credit Party or any of its Subsidiaries, the Release, generation, storage, transportation, handling or disposal of Hazardous Materials at any location, whether or 
  

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 not owned, leased or operated by any Credit Party or any of its Subsidiaries, the non-compliance of any Real Property
with any Environmental Laws or other applicable foreign, federal, state and local laws, regulations, and ordinances (including applicable permits thereunder) applicable to any Real Property, or any Environmental Claim in connection with or relating
to any Credit Party, any of its Subsidiaries or any of their operations or activities or any Real Property at any time owned, leased or operated by any Credit Party or any of its Subsidiaries, in each case, including, without limitation, the
reasonable fees and disbursements of counsel and independent consultants incurred in connection with any such investigation, litigation or other proceeding (but excluding any such liabilities, obligations, losses, damages, penalties, claims,
actions, costs, expenses and disbursements to the extent incurred by reason of the gross negligence or willful misconduct (as determined by a court of competent jurisdiction in a final and non-appealable decision) of any Person indemnified hereby)).
To the extent that the undertaking to indemnify, pay or hold harmless the Administrative Agent, any Issuing Lender or any Lender set forth in the preceding sentence may be unenforceable because it is violative of any law or public policy, the
Borrowers jointly and severally hereby agree to make the maximum contribution to the payment and satisfaction of each of the indemnified liabilities which is permissible under applicable law. 
 13.02 Right of Setoff. In addition to any rights now or hereafter granted under applicable law or otherwise, and not by way of limitation of any
such rights, upon the occurrence and during the continuation of an Event of Default, the Administrative Agent, each Issuing Lender and each Lender is hereby authorized at any time or from time to time, without presentment, demand, protest or other
notice of any kind to any Credit Party 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) and any other Indebtedness at any time held or owing by
the Administrative Agent, such Issuing Lender or such Lender (including, without limitation, by Affiliates, branches and agencies of the Administrative Agent, such Issuing Lender or such Lender wherever located) to or for the credit or the account
of each Credit Party against and on account of the Obligations of such Credit Party, to the Administrative Agent, such Issuing Lender or such Lender under this Agreement or under any of the other Credit Documents, including, without limitation, all
interests in Obligations purchased by such Lender pursuant to Section 13.04(b), all participations by any Lender in any Swingline Loans or Letters of Credit as required pursuant to the provisions of this Agreement and all other claims of any
nature or description arising out of or connected with this Agreement or any other Credit Document, irrespective of whether or not the Administrative Agent, such Issuing Lender or such Lender shall have made any demand hereunder and although said
Obligations shall be contingent or unmatured. Each Credit Party agrees that any Lender purchasing participations in one or more Letters of Credit issued, or Swingline Loans made, to it as required by the provisions of this Agreement, or purchasing
participations as required by Section 13.04(b), may, to the fullest extent permitted by law, exercise all rights (including without limitation the right of setoff) with respect to such participations as fully as if such Lender is a direct
creditor of such Credit Party with respect to such participations in the amount thereof. 
 13.03 Notices. (a) Except as
otherwise expressly provided herein, all notices and other communications provided for hereunder shall be in writing (including telegraphic, telex, facsimile or cable communication) and mailed, telegraphed, telexed, telecopied, cabled or delivered:
if to any Credit Party, at the address specified opposite its signature below or in the other relevant Credit Documents; if to any Lender, at its address specified for such Lender on 
  

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 Schedule II; and if to the Administrative Agent, at its Notice Office; or, as to any Borrower or the Administrative
Agent, at such other address as shall be designated by such party in a written notice to the other parties hereto and, as to each Lender, at such other address as shall be designated by such Lender in a written notice to the U.S. Borrower and the
Administrative Agent. All such notices and communications shall be mailed, telegraphed, telexed, telecopied or cabled or sent by overnight courier, and shall be effective when received. 
 (b) Without in any way limiting the obligation of the U.S. Borrower and its Subsidiaries to confirm in writing any telephonic notice permitted to be
given hereunder, any Agent, the Swingline Lender (in the case of a Borrowing of Swingline Loans) or any Issuing Lender (in the case of the issuance of a Letter of Credit), as the case may be, may prior to receipt of written confirmation act without
liability upon the basis of such telephonic notice, believed by the Administrative Agent, the Swingline Lender or such Issuing Lender in good faith to be from an Authorized Officer. In each such case, each of the Borrowers hereby waive the right to
dispute the Administrative Agent’s, the Swingline Lender’s or such Issuing Lender’s record of the terms of such telephonic notice. 
 13.04 Benefit of Agreement. (a) This Agreement shall be binding upon and inure to the benefit of and be enforceable by the respective successors and assigns of the parties hereto; provided, however, no Borrower may
assign or transfer any of its rights, obligations or interest hereunder or under any other Credit Document without the prior written consent of each of the Lenders and, provided further, that, although any Lender may (without the consent of
any Borrower) transfer, assign or grant participations in its rights hereunder, such Lender shall remain a “Lender” for all purposes hereunder (and may not transfer or assign all or any portion of its Commitments or Loans hereunder except
as provided in Section 13.04(b)) and the transferee, assignee or participant, as the case may be, shall not constitute a “Lender” hereunder and, provided further, that no Lender shall transfer or grant any participation under
which the participant shall have rights to approve any amendment to or waiver of this Agreement or any other Credit Document except to the extent such amendment or waiver would (i) extend the final scheduled maturity of any Loan, Note, or
Letter of Credit (unless such Letter of Credit is not extended beyond the Maturity Date) in which such participant is participating, or reduce the rate or extend the time of payment of interest or Fees thereon (except in connection with a waiver of
applicability of any post-default increase in interest rates) or reduce the principal amount thereof, or increase the amount of the participant’s participation over the amount thereof then in effect (it being understood that a waiver of any
Default or Event of Default or of a mandatory reduction in the Total Commitment or of a mandatory repayment of Loans shall not constitute a change in the terms of such participation, that an increase in any Commitment or Loan shall be permitted
without the consent of any participant if the participant’s participation is not increased as a result thereof or (ii) consent to the assignment or transfer by any Borrower of any of its rights and obligations under this Agreement. In the
case of any such participation, the participant shall not have any rights under this Agreement or any of the other Credit Documents (the participant’s rights against such Lender in respect of such participation to be those set forth in the
agreement executed by such Lender in favor of the participant relating thereto) and all amounts payable by the Borrowers hereunder shall be determined as if such Lender had not sold such participation. 
  

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 (b) Notwithstanding the foregoing, any Lender (or any Lender together with one or more other Lenders) may
(x) assign all or a portion of its Revolving Loan Commitments (and related outstanding Obligations hereunder), and/or its Term Loan Commitments or, after the Delayed Borrowing Date, outstanding Term Loans to (i) its parent company and/or
any affiliate of such Lender which is at least 50% owned by such Lender or its parent company, in each case which is an Eligible Transferee, (ii) one or more Lenders or (iii) in the case of any Lender that is a fund that is an Eligible
Transferee and that invests in bank loans, any other fund that invests in bank loans and is managed by the same investment advisor as a Lender or by an Affiliate of such investment advisor or (y) assign all, or if less than all, a portion equal
to at least (A) $5,000,000 in the aggregate for the assigning Lender or assigning Lenders, of such Revolving Loan Commitments (and related outstanding Obligations hereunder) and/or (B) $1,000,000 in the aggregate for the assigning Lender
or assigning Lenders, of such Term Loan Commitments or, after the Delayed Borrowing Date, outstanding principal amount of Term Loans hereunder to one or more Eligible Transferees (treating (I) any fund that invests in bank loans and (II) any
other fund that invests in bank loans and is managed by the same investment advisor as such fund or by an Affiliate of such investment advisor, as a single Eligible Transferee), each of which assignees shall become a party to this Agreement as a
Lender by execution of an Assignment and Assumption Agreement, provided that (i) at such time Schedule I shall be deemed modified to reflect the Revolving Loan Commitments and/or Term Loan Commitments or, after the Delayed Borrowing
Date, outstanding Term Loans, as the case may be, of such new Lender and of the existing Lenders, (ii) upon request of assigning or assignee Lender, and upon surrender of the old Notes (if any) or a lost Note(s) indemnity in form reasonably
satisfactory to the Administrative Agent, new Notes will be issued, at the Borrowers’ expense, to such new Lender and to the assigning Lender, such new Notes to be in conformity with the requirements of Section 1.05 (with appropriate
modifications) to the extent needed to reflect the revised Revolving Loan Commitments and/or Term Loan Commitments or, after the Delayed Borrowing Date, outstanding Term Loans, as the case may be, (iii) except in the case of assignments made by
the Administrative Agent prior to the Syndication Date and as part of the primary syndication of the Loans and Commitments, the consent of the Administrative Agent and, so long as no Default or Event of Default then exists and is continuing, the
Borrowers shall be required in connection with any such assignment pursuant to clause (y) of this Section 13.04(b) (which consent shall not be unreasonably withheld or delayed), (iv) the consent of the Swingline Lender and each
Issuing Lender shall be required in connection with any assignment of Revolving Loan Commitments pursuant to this Section 13.04(b) (which consent shall not be unreasonably withheld or delayed), (v) unless an Event of Default has occurred
and is continuing, no Lender may assign any portion of its Canadian Facility Revolving Loan Commitment (or related outstanding Obligations of the Canadian Borrower hereunder) to any Person who is not a Canadian Resident and (vi) the
Administrative Agent shall receive at the time of each such assignment, from the assigning or assignee Lender, unless waived by the Administrative Agent in its sole discretion, the payment of a non-refundable assignment fee of $3,500 and,
provided further, that such transfer or assignment will not be effective until recorded by the Administrative Agent on the Register pursuant to Section 13.17. To the extent of any assignment pursuant to this Section 13.04(b), the
assigning Lender shall be relieved of its obligations hereunder with respect to its assigned Commitments and/or Term Loan Commitments or, after the Delayed Borrowing Date, outstanding Term Loans, as the case may be. At the time of each assignment
pursuant to this Section 13.04(b) to a Person which is not already a Lender hereunder and which is not a United States person (as such term is defined in Section 7701(a)(30) of the Code) for Federal income tax purposes, the respective
assignee Lender shall, to the extent legally entitled to do so, provide to 
  

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 the U.S. Borrower and the Administrative Agent the appropriate Internal Revenue Service Forms (and, if applicable, a
Section 4.04(b)(ii) Certificate) described in Section 4.04(b)(ii) to the extent such forms would provide a complete exemption from or reduction in United States withholding tax. At the time of each assignment of any portion of any Euro
Facility Revolving Loan Commitment (or related outstanding Obligations of the European Borrower hereunder), the assignee Lender shall make any declarations and representations required to be made pursuant to Section 13.25. To the extent that an
assignment of all or any portion of a Lender’s Commitments and related outstanding Obligations pursuant to Section 1.13 or this Section 13.04(b) would, at the time of such assignment, result in increased costs under Section 1.10,
1.11, 2.05 or 4.04 (exclusive of increased costs owing pursuant to Section 4.04 as a result of assignments made at a time when an Event of Default shall have occurred and be continuing to a Person that is not a Canadian Resident at the time of
the respective assignment) from those being charged by the respective assigning Lender prior to such assignment, then the Borrowers shall not be obligated to pay such increased costs (although the Borrowers, in accordance with and pursuant to the
other provisions of this Agreement, shall be obligated to pay any other increased costs of the type described above resulting from changes after the date of the respective assignment). Notwithstanding anything to the contrary contained above, at any
time after the termination of the Total Revolving Loan Commitment, if any Revolving Loans or Letters of Credit remain outstanding, assignments may be made as provided above, except that the respective assignment shall be of a portion of the
outstanding Revolving Loans of the respective RL Lender and its participation in Letters of Credit and its obligation to make Mandatory Borrowings, although any such assignment effected after the termination of the Total Revolving Loan Commitment
shall not release the assigning RL Lender from its obligations as a participant with respect to outstanding Letters of Credit or to fund its share of any Mandatory Borrowing (although the respective assignee may agree, as between itself and the
respective assigning RL Lender, that it shall be responsible for such amounts). 
 (c) Nothing in this Agreement shall prevent or prohibit
any Lender from pledging its Loans and Notes hereunder to a Federal Reserve Bank in support of borrowings made by such Lender from such Federal Reserve Bank and, with prior notification to the Administrative Agent (but without the consent of the
Administrative Agent or any Borrower), any Lender which is a fund may pledge all or any portion of its Notes or Loans to its trustee or to a collateral agent or to another creditor providing credit or credit support to such Lender in support of its
obligations to such trustee, such collateral agent or a holder of, or any other representative of a holder of, such obligations, or such other creditor, as the case may be. No pledge pursuant to this clause (c) shall release the transferor
Lender from any of its obligations hereunder. 
 13.05 No Waiver; Remedies Cumulative. No failure or delay on the part of the
Administrative Agent or any Lender in exercising any right, power or privilege hereunder or under any other Credit Document and no course of dealing between any Credit Party and the Administrative Agent or Lender shall operate as a waiver thereof,
nor shall any single or partial exercise of any right, power or privilege hereunder or under any other Credit Document preclude any other or further exercise thereof or the exercise of any other right, power or privilege hereunder or thereunder. The
rights and remedies herein expressly provided are cumulative and not exclusive of any rights or remedies which the Administrative Agent or any Lender would otherwise have. No notice to or demand on any Credit Party in any case shall entitle any
Credit 
  

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 Party to any other or further notice or demand in similar or other circumstances or constitute a waiver of the rights of
the Administrative Agent or any Lender to any other or further action in any circumstances without notice or demand. 
 13.06 Payments Pro
Rata. (a) The Administrative Agent agrees that promptly after its receipt of each payment from or on behalf of any Credit Party in respect of any Obligations of such Credit Party, it shall, except as otherwise provided in this Agreement,
distribute such payment to the Lenders (other than any Lender that has consented in writing to waive its pro rata share of such payment) pro rata based upon their respective shares, if any, of the Obligations with respect
to which such payment was received. 
 (b) Each of the Lenders agrees that, if it should receive any amount hereunder (whether by voluntary
payment, by realization upon security, by the exercise of the right of setoff or banker’s lien, by counterclaim or cross action, by the enforcement of any right under the Credit Documents, or otherwise) which is applicable to the payment of the
principal of, or interest on, the Loans, Unpaid Drawings or Fees, of a sum which with respect to the related sum or sums received by other Lenders is in a greater proportion than the total of such Obligation then owed and due to such Lender bears to
the total of such Obligation then owed and due to all of the Lenders immediately prior to such receipt, then such Lender receiving such excess payment shall purchase for cash without recourse or warranty from the other Lenders an interest in the
Obligations of the respective Credit Party to such Lenders in such amount as shall result in a proportional participation by all of the Lenders in such amount; provided that if all or any portion of such excess amount is thereafter recovered
from such Lender, such purchase shall be rescinded and the purchase price restored to the extent of such recovery, but without interest. 
 (c) Notwithstanding anything to the contrary contained herein, the provisions of the preceding Sections 13.06(a) and (b) shall be subject to the express provisions of this Agreement which require, or permit, differing payments to be
made to Non-Defaulting Lenders as opposed to Defaulting Lenders. 
 13.07 Calculations; Computations. (a) The financial
statements to be furnished to the Lenders pursuant hereto shall be made and prepared in accordance with U.S. GAAP consistently applied throughout the periods involved (except as set forth in the notes thereto or as otherwise disclosed in writing by
the U.S. Borrower to the Lenders), provided that (i) except as otherwise specifically provided herein, all computations determining compliance with Section 9, including in each case definitions used therein, shall, in each case,
utilize United States generally accepted accounting principles and policies in effect at the time of the preparation of, and in conformity with those used to prepare, the first annual consolidated audited financial statements of the U.S. Borrower
delivered to the Lenders after the Effective Date pursuant to Section 8.01(b) (which financial statements shall be prepared giving effect to “fresh start” accounting principles and shall be reasonably consistent with the methodology
used to prepare the Projections), (ii) to the extent expressly required pursuant to the provisions of this Agreement, certain calculations shall be made on a Pro Forma Basis, and (iii) for purposes of determining compliance
with any incurrence or expenditure tests set forth in Sections 8 and/or 9 (excluding Section 9.07 or 9.08), any amounts so incurred or expended (to the extent incurred or expended in a currency other than Dollars) shall be converted into
Dollars on the basis of the exchange rates (as shown on Reuters ECB page 37 or, if same does not provide such exchange 
  

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 rates, on such other basis as is reasonably satisfactory to the Administrative Agent) as in effect on the date of such
incurrence or expenditure under any provision of any such Section that has an aggregate Dollar limitation provided for therein (and to the extent the respective incurrence or expenditure test regulates the aggregate amount outstanding at any time
and it is expressed in terms of Dollars, all outstanding amounts originally incurred or spent in currencies other than Dollars shall be converted into Dollars on the basis of the exchange rates (as shown on Reuters ECB page 37 or, if same does not
provide such exchange rates, on such other basis as is reasonably satisfactory to the Administrative Agent) as in effect on the date of any new incurrence or expenditures made under any provision of any such Section that regulates the Dollar amount
outstanding at any time). 
 13.08 Governing Law; Submission to Jurisdiction; Venue. (a) THIS AGREEMENT AND THE OTHER CREDIT
DOCUMENTS AND THE RIGHTS AND OBLIGATIONS OF THE PARTIES HEREUNDER AND THEREUNDER SHALL BE CONSTRUED IN ACCORDANCE WITH AND BE GOVERNED BY THE LAW OF THE STATE OF NEW YORK. Any legal action or proceeding with respect to this Agreement or any other
Credit Document may be brought in the courts of the State of New York or of the United States for the Southern District of New York, in each case located within the City of New York and, by execution and delivery of this Agreement, each Borrower
hereby irrevocably accepts for itself and in respect of its property, generally and unconditionally, the jurisdiction of the aforesaid courts. Each Borrower hereby irrevocably designates, appoints and empowers CT Corporation System, with offices on
the date hereof at 111 Eighth Avenue, New York, New York, 10011, as its authorized designee, appointee and agent to receive, accept and acknowledge for and on its behalf, and in respect of its property, service of any and all legal process, summons,
notices and documents which may be served in any such action or proceeding. If for any reason such authorized designee, appointee and agent shall cease to be available to act as such, each Borrower agrees to designate a new authorized designee,
appointee and agent in New York City on the terms and for the purposes of this provision reasonably satisfactory to the Administrative Agent under this Agreement. Each Borrower hereby further irrevocably waives any claim that any such courts lack
jurisdiction over such Borrower, and agrees not to plead or claim, in any legal action or proceeding with respect to this Agreement or any other Credit Document brought in any of the aforesaid courts, that any such court lacks jurisdiction over such
Borrower. Each Borrower further irrevocably consents to the service of process in any such action or proceeding by the mailing of copies thereof by registered or certified mail, postage prepaid, to such Borrower, as the case may be, at its address
for notices pursuant to Section 13.03, such service to become effective 30 days after such mailing. Each Borrower hereby irrevocably waives any objection to such service of process and further irrevocably waives and agrees not to plead or claim
in any action or proceeding commenced hereunder or under any other Credit Document that service of process was in any way invalid or ineffective. Nothing herein shall affect the right of the Administrative Agent or any Lender or the holder of any
Note to serve process in any other manner permitted by law or to commence legal proceedings or otherwise proceed against any Borrower in any other jurisdiction. 
 (b) EACH BORROWER HEREBY IRREVOCABLY WAIVES ANY OBJECTION WHICH IT MAY NOW OR HEREAFTER HAVE TO THE LAYING OF VENUE OF ANY OF THE AFORESAID ACTIONS OR PROCEEDINGS ARISING OUT OF OR IN CONNECTION WITH THIS AGREEMENT OR
ANY OTHER CREDIT DOCUMENT 
  

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 BROUGHT IN THE COURTS REFERRED TO IN CLAUSE (a) ABOVE AND HEREBY FURTHER IRREVOCABLY WAIVES AND AGREES NOT TO PLEAD
OR CLAIM IN ANY SUCH COURT THAT ANY SUCH ACTION OR PROCEEDING BROUGHT IN ANY SUCH COURT HAS BEEN BROUGHT IN AN INCONVENIENT FORUM. 
 13.09
Counterparts. This Agreement may be executed in any number of counterparts and by the different parties hereto on separate counterparts, each of which when so executed and delivered shall be an original, but all of which shall together
constitute one and the same instrument. A complete set of counterparts executed by all the parties hereto shall be lodged with each Borrower and the Administrative Agent. 
 13.10 Effectiveness. This Agreement shall become effective on the date (the “Effective Date”) on which each of the Borrowers, the Administrative Agent and each of the Lenders shall have signed
a counterpart hereof (whether the same or different counterparts) and shall have delivered the same (including by way of facsimile or other electronic transmission) to the Administrative Agent at the Notice Office or at the office of the
Administrative Agents’ counsel. The Administrative Agent will give the U.S. Borrower and each Lender prompt written notice of the occurrence of the Effective Date. 
 13.11 Headings Descriptive. The headings of the several sections and subsections of this Agreement are inserted for convenience only and shall not in any way affect the meaning or construction of any provision
of this Agreement. 
 13.12 Amendment or Waiver; etc. (a) Except as expressly provided in Section 13.25(b), neither this
Agreement nor any other Credit Document nor any terms hereof or thereof may be changed, waived, discharged or terminated unless such change, waiver, discharge or termination is in writing signed by the respective Credit Parties party thereto and the
Required Lenders, provided that no such change, waiver, discharge or termination shall, without the consent of each Lender (with Obligations being directly affected thereby in the case of the following clause (i)), (i) extend the final
scheduled maturity (or, in the case of any Commitment, final scheduled termination) of any Commitment, Loan, Note or extend the stated maturity of, or any reimbursement obligation with respect to, any Letter of Credit beyond the Maturity Date or
extend the duration of any Interest Period beyond six months, or reduce the rate or amount or extend the time of payment of interest (other than as a result of any waiver of the applicability of any post-default increase in interest rates) or Fees
thereon, or reduce the principal or face amount thereof (except to the extent paid in cash), (ii) amend, modify or waive any provision of this Section 13.12 (except for technical amendments with respect to additional extensions of credit
pursuant to this Agreement which afford the protections to such additional extensions of credit of the type provided to the Term Loans and the Revolving Loan Commitments on the Effective Date), (iii) reduce the percentage specified in the
definition of “Required Lenders” contained herein (it being understood that, with the consent of the Required Lenders, additional extensions of credit pursuant to this Agreement may be included in the determination of the Required Lenders
on substantially the same basis as the extensions of Term Loans and Revolving Loan Commitments are included on the Effective Date), (iv) consent to the assignment or transfer by any Borrower of any of its rights and obligations under this
Agreement or (v) release the U.S. Borrower’s Guaranty; provided further, that no such change, waiver, discharge or termination shall (s) amend Section 13.06 in a manner that would alter the pro rata sharing
of payments 
  

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 required thereby, without the consent of each adversely affected Lender, (t) amend, modify or waive any condition
precedent set forth in Section 6 with respect to the making of Revolving Loans, Swingline Loans or the issuance of Letters of Credit, without the written consent of the Majority Lenders holding Revolving Loan Commitments, (u) increase the
Commitments of any Lender over the amount thereof then in effect without the consent of such Lender (it being understood that waivers or modifications of conditions precedent, covenants, Defaults or Events of Default or of a mandatory reduction in
the Total Commitment shall not constitute an increase of the Commitment of any Lender, and that an increase in the available portion of any Commitment of any Lender as a result of any of the foregoing shall not constitute an increase in the
Commitment of such Lender), (v) without the consent of each Issuing Lender affected thereby, amend, modify or waive any provision of Section 2 or alter its rights or obligations with respect to Letters of Credit, (w) without the
consent of the Swingline Lender, alter its rights or obligations with respect to Swingline Loans, (x) without the consent of the Administrative Agent, amend, modify or waive any provision of Section 12 as same applies to the Administrative
Agent or any other provision as same relates to the rights or obligations of the Administrative Agent, (y) except in cases where additional extensions of term loans and/or revolving loans are being afforded substantially the same treatment
afforded to the Term Loans and Revolving Loan Commitments pursuant to this Agreement on the Effective Date, without the consent of the Majority Lenders of each Tranche which is being allocated a lesser prepayment, repayment or commitment reduction
as a result of the actions described below, alter the required application of any prepayments or repayments (or commitment reduction), as between the various Tranches, pursuant to Section 4.01 or 4.02) (although the Required Lenders may waive,
in whole or in part, any such prepayment, repayment or commitment reduction, so long as the application, as amongst the various Tranches, of any such prepayment, repayment or commitment reduction which is still required to be made is not altered) or
(z) without the consent of the Majority Lenders of the respective Tranche affected thereby, amend the definition of “Majority Lenders” contained herein (it being understood that, with the consent of the Required Lenders, additional
extensions of credit pursuant to this Agreement may be included in the determination of the Majority Lenders on substantially the same basis as the extensions of Loans and Commitments are included on the Effective Date). 
 (b) If, in connection with any proposed change, waiver, discharge or termination of or to any of the provisions of this Agreement as contemplated by
clauses (i) through (iv), inclusive, of the first proviso to Section 13.12(a), the consent of the Required Lenders is obtained but the consent of one or more of such other Lenders whose consent is required is not obtained, then the U.S.
Borrower shall have the right, so long as all non-consenting Lenders whose individual consent is required are treated as described in either clause (A) or (B) below, to either (A) replace each such non-consenting Lender or Lenders
(or, at the option of the U.S. Borrower if the respective Lender’s consent is required with respect to less than all Tranches (or related Commitments), to replace only the respective Tranche or Tranches of Commitments (and related Obligations)
and/or Loans of the respective non-consenting Lender which gave rise to the need to obtain such Lender’s individual consent) with one or more Replacement Lenders pursuant to Section 1.14 so long as at the time of such replacement, each
such Replacement Lender consents to the proposed change, waiver, discharge or termination or (B) terminate the outstanding Commitments of such non-consenting Lender (if such Lender’s consent is required as a result of such Commitments),
and/or repay outstanding Obligations under each Tranche of such Lender which gave rise to the need to obtain such Lender’s consent, 
  

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 in accordance with Sections 3.02(b) and/or 4.01, provided that, unless the Commitments which are terminated and
Loans and other Obligations which are repaid pursuant to preceding clause (B) are immediately replaced in full at such time through the addition of new Lenders or the increase of the Commitments and/or outstanding Loans of existing Lenders (who
in each case must specifically consent thereto), then in the case of any action pursuant to preceding clause (B), the Required Lenders (determined both (x) after giving effect to the proposed action and (y) as if the Commitments, Loans and
related Obligations being terminated and/or repaid (and not replaced) were not outstanding) shall specifically consent thereto, provided further, that the U.S. Borrower shall not have the right to replace a Lender, terminate its Commitment or
repay its Loans or other Obligations solely as a result of the exercise of such Lender’s rights (and the withholding of any required consent by such Lender) pursuant to the second proviso to Section 13.12(a). 
 13.13 Survival. All indemnities set forth herein including, without limitation, in Sections 1.11, 1.12, 2.05, 4.04, 12.07, 13.01 and 13.17, shall
survive the execution and delivery of this Agreement and the making and repayment of the Loans and the other Obligations. All representations and warranties made hereunder and in any other Credit Document or other document delivered pursuant hereto
or thereto or in connection herewith or therewith shall survive the execution and delivery hereof and thereof. Such representations and warranties have been or will be relied upon by the Administrative Agent, each Issuing Lender and each Lender,
regardless of any investigation made by the Administrative Agent, any Issuing Lender or any Lender or on their behalf and notwithstanding that the Administrative Agent, any Issuing Lender or any Lender may have had notice or knowledge of any Default
at the time of any Credit Event, and shall continue in full force and effect as long as any Loan or any other Obligation hereunder shall remain unpaid or unsatisfied or any Letter of Credit shall remain outstanding. 
 13.14 Domicile of Loans and Commitments. Each Lender may transfer and carry its Loans and/or Commitments at, to or for the account of any branch
office, subsidiary or Affiliate of such Lender; provided that (x) unless an Event of Default shall have occurred and be continuing, no Lender may transfer or carry any portion of its Canadian Facility Revolving Loan Commitment relating
to its obligation to make or participate in extensions of credit hereunder to the Canadian Borrower (or related outstanding Obligations of the Canadian Borrower hereunder) to or for the account of any branch office, subsidiary or Affiliate that is
not a Canadian Resident and (y) no Lender may transfer or carry any portion of its Euro Facility Revolving Loan Commitment relating to its obligation to make or participate in extensions of credit hereunder to the European Borrower (or related
outstanding Obligations of the European Borrower hereunder) to or for the account of any branch office, subsidiary or affiliate that does not satisfy the requirements set forth in the proviso to the definition of “Eligible Transferee”
contained herein. Notwithstanding anything to the contrary contained herein, to the extent that a transfer of Loans pursuant to this Section 13.14 would, at the time of such transfer, result in increased costs under Section 1.10, 1.11,
2.05 or 4.04 from those being charged by the respective Lender prior to such transfer, then the Borrowers shall not be obligated to pay such increased costs (although the Borrowers shall be obligated to pay any other increased costs of the type
described above resulting from changes after the date of the respective transfer). 
  

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 13.15 Confidentiality. (a) Each of the Lenders agrees that it will use its reasonable efforts
not to disclose without the prior consent of the U.S. Borrower (other than to its directors, employees, auditors, counsel or other professional advisors, to affiliates or to another Lender if the Lender or such Lender’s holding or parent
company in its sole discretion determines that any such party should have access to such information all of whom have been advised of the confidential nature of such information) any information with respect to the U.S. Borrower or any of its
Subsidiaries which is now or in the future furnished pursuant to this Agreement; provided that any Lender (and/or its directors, employees, auditors, counsel, other professional advisors and affiliates) may disclose any such information
(a) as has become generally available to the public or to such Lender (and/or its directors, employees, auditors, counsel, other professional advisors and affiliates) by any Person other than the U.S. Borrower or any of its Subsidiaries other
than as a result of a breach of this Section 13.15, (b) as may be required or appropriate (x) in any report, statement or testimony submitted to any regulatory body having or claiming to have jurisdiction over such Lender (and/or its
directors, employees, auditors, counsel, other professional advisors and affiliates) (including, without limitation, any self-regulatory authority such as the National Association of Insurance Commissioners) or to the Federal Reserve Board or the
Federal Deposit Insurance Corporation or similar organizations (whether in the United States or elsewhere) or their successors or (y) in connection with any request or requirement of any such regulatory body, (c) as may be required or
appropriate in response to any summons or subpoena or in connection with any litigation or the exercise of any rights or remedies under any Credit Document, (d) to comply with any law, order, regulation or ruling applicable to such Lender
(and/or its directors, employees, auditors, counsel, other professional advisors and affiliates), (e) to any creditor, swap or derivative counterparty or any prospective transferee or participant in connection with any contemplated transfer or
participation of any of the Obligations or any interest therein by such Lender and (f) as reasonably required by any Person providing financing to such Lender (provided that such Persons are advised of the confidential nature of such
information and agree to keep such information confidential pursuant to the terms of this Section 13.15(a)); provided that such creditor, swap or derivative counterparty or prospective transferee or participant agrees to be bound by this
Section 13.15 to the same extent as such Lender. 
 (b) Each Borrower hereby acknowledges and agrees that each Lender may share with any
of its Affiliates or its investment advisors any information related to the U.S. Borrower or any of its Subsidiaries (including, without limitation, any nonpublic customer information regarding the creditworthiness of such entities), provided
that such Persons shall be subject to the provisions of this Section 13.15 to the same extent as such Lender and shall only use such information in connection with matters relating to this Agreement. 
 (c) Each Borrower hereby represents and acknowledges that, to the best of its knowledge, neither any Agent nor any Lender, nor any employees or agents
of, or other persons affiliated with, any Agent or any Lender, have directly or indirectly made or provided any statement (oral or written) to such Borrower or to any of its employees or agents, or other persons affiliated with or related to such
Borrower (or, so far as such Borrower is aware, to any other person), as to the potential tax consequences of the Transaction. 
 13.16
Waiver of Jury Trial. EACH OF THE PARTIES TO THIS AGREEMENT HEREBY IRREVOCABLY WAIVES ALL RIGHT TO A TRIAL BY JURY IN ANY ACTION, PROCEEDING OR COUNTERCLAIM ARISING OUT OF OR RELATING TO THIS AGREEMENT, THE OTHER CREDIT DOCUMENTS OR THE
TRANSACTIONS CONTEMPLATED HEREBY OR THEREBY. 
  

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 13.17 Register. The Borrowers hereby designate the Administrative Agent, and the Administrative
Agent agrees, to serve as the Borrowers’ agent, solely for purposes of this Section 13.17, to maintain a register at one of its offices in New York, New York (the “Register”) on which it will record the Commitments from
time to time of each of the Lenders, the Loans made by each of the Lenders and each repayment in respect of the principal amount of the Loans of each Lender. Failure to make any such recordation, or any error in such recordation shall not affect the
Borrowers’ obligations in respect of such Loans. With respect to any Lender, the transfer of the Commitments of such Lender and the rights to the principal of, and interest on, any Loan made pursuant to such Commitments shall not be effective
until such transfer is recorded on the Register maintained by the Administrative Agent with respect to ownership of such Commitments and/or Loans prior to such recordation all amounts owing to the transferor with respect to such Commitments and/or
Loans shall remain owing to the transferor. The registration of an assignment or transfer of all or part of any Commitments and/or Loans shall be recorded by the Administrative Agent on the Register only upon the acceptance by the Administrative
Agent of a properly executed and delivered Assignment and Assumption Agreement pursuant to Section 13.04(b). Coincident with the delivery of such an Assignment and Assumption Agreement to the Administrative Agent for acceptance and registration
of assignment or transfer of all or part of a Commitment and/or Loan, or as soon thereafter as practicable, the assigning or transferor Lender shall surrender the Note evidencing such Commitment and/or Loan, and thereupon one or more new Notes in
the same aggregate principal amount shall be issued to the assigning or transferor Lender and/or the new Lender. The Borrowers agree to indemnify the Administrative Agent from and against any and all losses, claims, damages and liabilities of
whatsoever nature that may be imposed on, asserted against or incurred by the Administrative Agent in performing its duties under this Section 13.17. 
 13.18 English Language. This Agreement and all other Credit Documents shall be in the English language, except as required by applicable local law (in which event certified English translations thereof shall,
upon the request of the Administrative Agent, be provided by the U.S. Borrower to the Administrative Agent). All documents, certificates, reports or notices to be delivered or communications to be given or made by any party hereto pursuant to the
terms of this Agreement or any other Credit Document shall be in the English language or, if originally written in another language, shall, upon request of the Administrative Agent, be accompanied by an accurate English translation upon which the
other parties hereto shall have the right to rely for all purposes of this Agreement and the other Credit Documents. 
 13.19 Powers of
Attorney; etc. The U.S. Borrower is hereby authorized by, and on behalf of, the European Borrower and the Canadian Borrower to give Notices of Borrowing, Notices of Conversion and other notices and directions in connection with the extensions of
credit and repayments thereof to be made pursuant to this Agreement by the European Borrower and the Canadian Borrower (including without limitation notices as to the application of proceeds of such extensions of credit). The European Borrower and
the Canadian Borrower hereby grant to the U.S. Borrower an irrevocable power-of attorney, in each of the European Borrower’s name and the Canadian Borrower’s name, to take the actions contemplated above in this Section 13.19 and in
the last sentence of Section 1.14 hereof. Furthermore, each of the 
  

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 European Borrower and the Canadian Borrower agrees that the Administrative Agent and the Lenders may at any time rely
upon any notices, instructions or other information furnished by the U.S. Borrower. 
 13.20 Judgment Currency. (a) The Credit
Parties’ obligations hereunder and under the other Credit Documents to make payments in the respective Applicable Currency (the “Obligation Currency”) shall not be discharged or satisfied by any tender or recovery pursuant to
any judgment expressed in or converted into any currency other than the Obligation Currency, except to the extent that such tender or recovery results in the effective receipt by the Administrative Agent or the respective Lender of the full amount
of the Obligation Currency expressed to be payable to the Administrative Agent or such Lender under this Agreement or the other Credit Documents. If for the purpose of obtaining or enforcing judgment against any Credit Party in any court or in any
jurisdiction, it becomes necessary to convert into or from any currency other than the Obligation Currency (such other currency being hereinafter referred to as the “Judgment Currency”) an amount due in the Obligation Currency, the
conversion shall be made, at the Euro Equivalent, Canadian Dollar Equivalent or the Dollar Equivalent thereof, as the case may be, and, in the case of other currencies, the rate of exchange (as quoted by the Administrative Agent or if the
Administrative Agent does not quote a rate of exchange on such currency, by a known dealer in such currency designated by the Administrative Agent) determined, in each case, as of the day on which the judgment is given (such day being hereinafter
referred to as the “Judgment Currency Conversion Date”). 
 (b) If there is a change in the rate of exchange prevailing
between the Judgment Currency Conversion Date and the date of actual payment of the amount due, each Borrower covenants and agrees to pay, or cause to be paid, such additional amounts, if any (but in any event not a lesser amount), as may be
necessary to ensure that the amount paid in the Judgment Currency, when converted at the rate of exchange prevailing on the date of payment, will produce the amount of the Obligation Currency which could have been purchased with the amount of
Judgment Currency stipulated in the judgment or judicial award at the rate or exchange prevailing on the Judgment Currency Conversion Date. 
 For purposes of determining the Dollar Equivalent, the Euro Equivalent or the Canadian Dollar Equivalent or any other rate of exchange for this Section, such amounts shall include any premium and costs payable in connection with the
purchase of the Obligation Currency. 
 13.21 Limitation on Additional Amounts. Notwithstanding anything to the contrary contained in
Section 1.11, 1.12, 2.05 or 4.04 unless a Lender gives notice to the Borrowers that they are obligated to pay an amount under any such Section within 180 days after the later of (x) the date the Lender incurs the respective increased
costs, Taxes, loss, expense or liability, reduction in amounts received or receivable or reduction in return on capital or (y) the date such Lender has actual knowledge of its incurrence of the respective increased costs, Taxes, loss, expense
or liability, reductions in amounts received or receivable or reduction in return on capital, then such Lender shall only be entitled to be compensated for such amount by the Borrowers pursuant to said Section 1.11, 1.12, 2.05 or 4.04, as the
case may be, to the extent the costs, Taxes, loss, expense liability, reduction in amounts received or receivable or reduction in return on capital are incurred or suffered on or after the date which occurs 180 days prior to such 
  

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 Lender giving notice to the Borrowers that it is obligated to pay the respective amounts pursuant to said
Section 1.11, 1.12, 2.05 or 4.04. This Section 13.21 shall have no applicability to any Section of this Agreement other than said Section 1.11, 1.12, 2.05 or 4.04. 
 13.22 Citigroup Direct Website Communications. (a) Each Borrower hereby agrees that it will provide to the Administrative Agent all
information, documents and other materials that it is obligated to furnish to the Administrative Agent pursuant to the Credit Documents, including, without limitation, all notices, requests, financial statements, financial and other reports,
certificates and other information material, but excluding any such communication that (i) relates to a request for a new, or a conversion of an existing, Borrowing or other extension of credit (including any election of an interest rate or
interest period relating thereto), (ii) relates to the payment of any principal or other amount due under this Agreement prior to the scheduled date therefore, (iii) provides notice of any Default under this Agreement or (iv) is
required to be delivered to satisfy any condition precedent to the effectiveness of this Agreement and/or any borrowing or other extension of credit hereunder (all such non-excluded communications being referred to herein collectively as
“Communications”), by transmitting the Communications in an electronic/soft medium in a format acceptable to the Administrative Agent to oploanswebadmin@citigroup.com. In addition, each Borrower agrees to continue to provide
the Communications to the Administrative Agent in the manner specified in the Credit Documents but only to the extent requested by the Administrative Agent. 
 (b) Each Borrower further agrees that the Administrative Agent may make the Communications available to the Lenders by posting the Communications on Intralinks, Fixed Income Direct or a substantially similar
electronic transmission systems (the “Platform”). Each Borrower acknowledges that the distribution of material through an electronic medium is not necessarily secure and that there are confidentiality and other risks associated with
such distribution. 
 (c) THE PLATFORM IS PROVIDED “AS IS” AND “AS AVAILABLE”. THE AGENT PARTIES (AS DEFINED BELOW) DO
NOT WARRANT THE ACCURACY OR COMPLETENESS OF THE COMMUNICATIONS, OR THE ADEQUACY OF THE PLATFORM AND EXPRESSLY DISCLAIM LIABILITY FOR ERRORS OR OMISSIONS IN THE COMMUNICATIONS. NO WARRANTY OF ANY KIND, EXPRESS, IMPLIED OR STATUTORY, INCLUDING,
WITHOUT LIMITATION, ANY WARRANTY OF MERCHANTABILITY, FITNESS FOR A PARTICULAR PURPOSE, NON-INFRINGEMENT OF THIRD-PARTY RIGHTS OR FREEDOM FROM VIRUSES OR OTHER CODE DEFECTS, IS MADE BY THE AGENT PARTIES IN CONNECTION WITH THE COMMUNICATIONS OR THE
PLATFORM. IN NO EVENT SHALL THE ADMINISTRATIVE AGENT OR ANY OF ITS AFFILIATES OR ANY OF THEIR RESPECTIVE OFFICERS, DIRECTORS, EMPLOYEES, AGENTS, ADVISORS OR REPRESENTATIVES (COLLECTIVELY, THE “AGENT PARTIES”) HAVE ANY LIABILITY TO
THE BORROWERS, ANY LENDER OR ANY OTHER PERSON OR ENTITY FOR DAMAGES OF ANY KIND, INCLUDING, WITHOUT LIMITATION, DIRECT OR INDIRECT, SPECIAL, INCIDENTAL OR CONSEQUENTIAL DAMAGES, LOSSES OR EXPENSES (WHETHER IN TORT, CONTRACT OR OTHERWISE) ARISING OUT
OF THE BORROWERS’ OR THE ADMINISTRATIVE AGENT’S TRANSMISSION OF COMMUNICATIONS THROUGH THE INTERNET, EXCEPT TO THE EXTENT THE 
  

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 LIABILITY OF ANY AGENT PARTY IS FOUND IN A FINAL, NON-APPEALABLE JUDGMENT BY A COURT OF COMPETENT JURISDICTION TO HAVE
RESULTED PRIMARILY FROM SUCH AGENT PARTY’S GROSS NEGLIGENCE OR WILLFUL MISCONDUCT. 
 The Administrative Agent agrees that the receipt
of the Communications by the Administrative Agent at its e-mail address set forth above shall constitute effective delivery of the Communications to the Administrative Agent for purposes of the Credit Documents. Each Lender agrees that notice to it
(as provided in the next sentence) specifying that the Communications have been posted to the Platform shall constitute effective delivery of the Communications to such Lender for purposes of the Credit Documents. Each Lender agrees (i) to
notify the Administrative Agent in writing (including by electronic communication) from time to time of such Lender’s e-mail address to which the foregoing notice may be sent by electronic transmission and (ii) that the foregoing notice
may be sent to such e-mail address. 
 Nothing herein shall prejudice the right of the Administrative Agent or any Lender to give any notice
or other communication pursuant to any Credit Document in any other manner specified in such Credit Document. 
 13.23 Entire
Agreement. This Agreement and the other Credit Documents constitute the entire contract between the parties relative to the subject matter hereof. Any previous agreement among the parties with respect to the subject matter hereof is superseded
by this Agreement and the other Credit Documents; provided that any letter agreement relating to the subject matter hereof between any Borrower and a Lender shall remain effective in accordance with its terms. Nothing in this Agreement or in
the other Credit Documents, expressed or implied, is intended to confer upon any party other than the parties hereto and thereto any rights, remedies, obligations or liabilities under or by reason of this Agreement or the other Credit Documents.

 13.24 USA Patriot Act Notice. Each Lender hereby notifies each Borrower that pursuant to the requirements of the USA Patriot Act
(Title III of Pub.: 107-56 (signed into law October 26, 2001)) (the “Patriot Act”), it is required to obtain, verify, and record information that identifies each Borrower, which information includes the name of each Borrower
and other information that will allow such Lender to identify each Borrower in accordance with the Patriot Act, and each Borrower agrees to provide such information from time to time to any Lender. In addition, the U.S. Borrower shall, following a
request by the Administrative Agent or any Lender, provide all documentation and other information that the Administrative Agent or such Lender reasonably requests in order to comply with its ongoing obligations under any other applicable “know
your customer” and/or anti-money laundering rules and regulations. 
 13.25 Special Provisions Regarding Dutch ASCS.
(a) Each Euro Facility RL Lender makes the following declarations and representations to the European Borrower: (i) it is, on the date specified for such Euro Facility RL Lender pursuant to following clause (b), (x) a PMP,
(y) exempted because it forms a restricted circle (besloten kring) with the European Borrower or (z) otherwise qualifies as a legal assignee hereunder under the laws of the Netherlands; (ii) it acknowledges that as a
consequence it has no benefit from the (creditor) protection under the Dutch ASCS; and (iii) it has made its own credit assessment of the European Borrower. 
  

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 (b) Each declaration and representation set out in paragraph (a) above is made by each
aforementioned Euro Facility RL Lender on the date of this Agreement (if a party hereto on such date) and by any future Euro Facility RL Lender on the date of its becoming a Euro Facility RL Lender; provided that the declaration and
representation set out in paragraph (a) above shall not be required to be made by any Euro Facility RL Lender if, and to the extent that, on the date it becomes a Euro Facility RL Lender it is not a requirement under Dutch law that such Lender
needs to be either (x) qualified as a PMP, (y) exempted because it forms a restricted circle (besloten kring) with the European Borrower or (z) otherwise qualified as a legal assignee hereunder under the laws of the
Netherlands. 
 (c) If on the date on which a Subsidiary of the U.S. Borrower incorporated in the Netherlands accedes to this Agreement as
the European Borrower, it is a requirement under Dutch law that each Euro Facility RL Lender needs to be either (x) qualified as a PMP, (y) exempted because it forms a restricted circle (besloten kring) with the European Borrower or
(z) otherwise qualified as a legal assignee hereunder under the laws of the Netherlands, each declaration and representation set out in paragraph (a) above is made to such European Borrower incorporated in the Netherlands on such date by
each of the then-current Euro Facility RL Lenders; provided that if any Euro Facility RL Lender cannot at such time make the declaration and representation as required above, then the U.S. Borrower shall replace the respective such Euro
Facility RL Lender pursuant to Section 1.14 before the respective Subsidiary of the U.S. Borrower accedes as the European Borrower under this Agreement. 
 SECTION 14. U.S. Borrower’s Guaranty. 
 14.01 The U.S. Borrower’s Guaranty. In order
to induce the Lenders to enter into this Agreement and to extend credit hereunder and to induce the Lenders or any of their respective Affiliates to enter into Interest Rate Protection Agreements or Other Hedging Agreements, and in recognition of
the direct benefits to be received by the U.S. Borrower from the proceeds of the Loans and the issuance of the Letters of Credit, the U.S. Borrower hereby unconditionally and irrevocably guarantees, as primary obligor and not merely as surety the
full and prompt payment when due, whether upon maturity, acceleration or otherwise, of any and all of the U.S. Borrower Guaranteed Obligations to the Guaranteed Creditors. If any or all of the U.S. Borrower Guaranteed Obligations to the Guaranteed
Creditors becomes due and payable hereunder, the U.S. Borrower unconditionally promises to pay such indebtedness to the Guaranteed Creditors, on demand, together with any and all expenses which may be incurred by the Guaranteed Creditors in
collecting any of the U.S. Borrower Guaranteed Obligations. This U.S. Borrower’s Guaranty is a guaranty of payment and not of collection. This U.S. Borrower’s Guaranty is a continuing one and all liabilities to which it applies or may
apply under the terms hereof shall be conclusively presumed to have been created in reliance hereon. If any claim is ever made upon any Guaranteed Creditor for repayment or recovery of any amount or amounts received in payment or on account of any
of the U.S. Borrower Guaranteed Obligations and any of the aforesaid payees repays all or part of said amount by reason of (i) any judgment, decree or order of any court or administrative body having jurisdiction over such payee or any of its
property or (ii) any settlement or compromise of any such claim effected by such payee with any 
  

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 such claimant (including the European Borrower, the Canadian Borrower or any other U.S. Borrower Guaranteed Party), then
and in such event the U.S. Borrower agrees that any such judgment, decree, order, settlement or compromise shall be binding upon the U.S. Borrower, notwithstanding any revocation of this U.S. Borrower’s Guaranty or any other instrument
evidencing any liability of the European Borrower, the Canadian Borrower or any other U.S. Borrower Guaranteed Party, and the U.S. Borrower shall be and remain liable to the aforesaid payees hereunder for the amount so repaid or recovered to the
same extent as if such amount had never originally been received by any such payee. 
 14.02 Bankruptcy. Additionally, the U.S.
Borrower unconditionally and irrevocably, guarantees the payment of any and all of the U.S. Borrower Guaranteed Obligations to the Guaranteed Creditors whether or not due or payable by the European Borrower, the Canadian Borrower or any other U.S.
Borrower Guaranteed Party upon the occurrence of any of the events specified in Section 10.05, and unconditionally promises to pay such indebtedness to the Guaranteed Creditors, or order, on demand. 
 14.03 Nature of Liability. The liability of the U.S. Borrower hereunder is exclusive and independent of any security for or other guaranty of the
U.S. Borrower Guaranteed Obligations whether executed by the U.S. Borrower, any other guarantor or by any other party, and the liability of the U.S. Borrower hereunder is not affected or impaired by (a) any direction as to application of
payment by the European Borrower, the Canadian Borrower or any other U.S. Borrower Guaranteed Party or any other party, or (b) any other continuing or other guaranty, undertaking or maximum liability of a guarantor or of any other party as to
the U.S. Borrower Guaranteed Obligations, or (c) any payment on or in respect of any such other guaranty or undertaking, or (d) any dissolution, termination or increase, decrease or change in personnel by the European Borrower, the
Canadian Borrower or any other U.S. Borrower Guaranteed Party or (e) any payment made to the Guaranteed Creditors on the U.S. Borrower Guaranteed Obligations which any such Guaranteed Creditor repays to the European Borrower, the Canadian
Borrower or any other U.S. Borrower Guaranteed Party pursuant to court order in any bankruptcy, reorganization, arrangement, moratorium or other debtor relief proceeding, and the U.S. Borrower waives any right to the deferral or modification of its
obligations hereunder by reason of any such proceeding, or (f) any action or inaction of the type described in Section 14.05, or (g) the lack of validity or enforceability of any Credit Document or any other instrument relating
thereto. 
 14.04 Independent Obligation. No invalidity, irregularity or unenforceability of all or any part of the U.S. Borrower
Guaranteed Obligations or of any security therefor shall affect, impair or be a defense to this U.S. Borrower’s Guaranty, and this U.S. Borrower’s Guaranty shall be primary, absolute and unconditional notwithstanding the occurrence of any
event or the existence of any other circumstances which might constitute a legal or equitable discharge of a surety or guarantor except payment in full in cash of the U.S. Borrower Guaranteed Obligations. The obligations of the U.S. Borrower
hereunder are independent of the obligations of the European Borrower, the Canadian Borrower, any other U.S. Borrower Guaranteed Party, any other guarantor or any other party, and a separate action or actions may be brought and prosecuted against
the U.S. Borrower whether or not action is brought against the European Borrower, the Canadian Borrower, any other U.S. Borrower Guaranteed party, any other guarantor or any other party and whether or not the European Borrower, the Canadian

  

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 Borrower, any other U.S. Borrower Guaranteed Party, any other guarantor or any other party be joined in any such action
or actions. The U.S. Borrower waives, to the full extent permitted by law, the benefit of any statute of limitations affecting its liability hereunder or the enforcement thereof. Any payment by the European Borrower, the Canadian Borrower or any
other U.S. Borrower Guaranteed Party or other circumstance that operates to toll any statute of limitations as to the European Borrower, the Canadian Borrower or any other U.S. Borrower Guaranteed Party shall operate to toll the statute of
limitations as to the U.S. Borrower. 
 14.05 Authorization. The U.S. Borrower authorizes the Guaranteed Creditors without notice or
demand (except as shall be required by applicable statute and cannot be waived), and without affecting or impairing its liability hereunder, from time to time to: 
 (a) change the manner, place or terms of payment of, and/or change or extend the time of payment of, renew, increase, accelerate or alter,
any of the U.S. Borrower Guaranteed Obligations (including any increase or decrease in the rate of interest thereon), any security therefor, or any liability incurred directly or indirectly in respect thereof, and this U.S. Borrower’s Guaranty
made shall apply to the U.S. Borrower Guaranteed Obligations as so changed, extended, renewed, increased or altered; 
 (b)
take and hold security for the payment of the U.S. Borrower Guaranteed Obligations and sell, exchange, release, impair, surrender, realize upon or otherwise deal with in any manner and in any order any property by whomsoever at any time pledged or
mortgaged to secure, or howsoever securing, the U.S. Borrower Guaranteed Obligations or any liabilities (including any of those hereunder) incurred directly or indirectly in respect thereof or hereof, and/or any offset thereagainst; 
 (c) exercise or refrain from exercising any rights against the European Borrower, the Canadian Borrower, any other U.S. Borrower
Guaranteed Party or others or otherwise act or refrain from acting; 
 (d) release or substitute any one or more endorsers,
guarantors, the European Borrower, the Canadian Borrower, any other U.S. Borrower Guaranteed Party or other obligors; 
 (e)
settle or compromise any of the U.S. Borrower Guaranteed Obligations, any security therefor or any liability (including any of those hereunder) incurred directly or indirectly in respect thereof or hereof, and may subordinate the payment of all or
any part thereof to the payment of any liability (whether due or not) of the European Borrower, the Canadian Borrower or any other U.S. Borrower Guaranteed Party to their respective creditors other than the Guaranteed Creditors; 
 (f) apply any sums by whomsoever paid or howsoever realized to any liability or liabilities of the European Borrower, the Canadian
Borrower or any other U.S. Borrower Guaranteed Party to the Guaranteed Creditors regardless of what liability or liabilities of the European Borrower, the Canadian Borrower or any other U.S. Borrower Guaranteed Party remain unpaid; 
  

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 (g) consent to or waive any breach of, or any act, omission or default under, this
Agreement, any other Credit Document, any Interest Rate Protection Agreement or Other Hedging Agreement or any of the instruments or agreements referred to herein or therein, or otherwise amend, modify or supplement this Agreement, any other Credit
Document, any Interest Rate Protection Agreement or Other Hedging Agreement or any of such other instruments or agreements; and/or 
 (h) take any other action that would, under otherwise applicable principles of common law, give rise to a legal or equitable discharge of the U.S. Borrower from its liabilities under this U.S. Borrower’s Guaranty. 
 14.06 Reliance. It is not necessary for the Guaranteed Creditors to inquire into the capacity or powers of the European Borrower, the Canadian
Borrower or any other U.S. Borrower Guaranteed Party or the officers, directors, partners or agents acting or purporting to act on its or their behalf, and any U.S. Borrower Guaranteed Obligations made or created in reliance upon the professed
exercise of such powers shall be guaranteed hereunder. 
 14.07 Subordination. Any of the indebtedness of the European Borrower, the
Canadian Borrower or any other U.S. Borrower Guaranteed Party now or hereafter owing to the U.S. Borrower is hereby subordinated to the U.S. Borrower Guaranteed Obligations of the European Borrower, the Canadian Borrower or such other U.S. Borrower
Guaranteed Party owing to the Guaranteed Creditors; and if the Administrative Agent so requests at a time when an Event of Default exists, all such indebtedness of the European Borrower, the Canadian Borrower or such other U.S. Borrower Guaranteed
Party to the U.S. Borrower shall be collected, enforced and received by the U.S. Borrower for the benefit of the Guaranteed Creditors and be paid over to the Administrative Agent on behalf of the Guaranteed Creditors on account of the U.S. Borrower
Guaranteed Obligations of the European Borrower, the Canadian Borrower or such other U.S. Borrower Guaranteed Party to the Guaranteed Creditors, but without affecting or impairing in any manner the liability of the U.S. Borrower under the other
provisions of this U.S. Borrower’s Guaranty. Prior to the transfer by the U.S. Borrower of any note or negotiable instrument evidencing any of the indebtedness of the European Borrower, the Canadian Borrower or any other U.S. Borrower
Guaranteed Party to the U.S. Borrower, the U.S. Borrower shall mark such note or negotiable instrument with a legend that the same is subject to this subordination. Without limiting the generality of the foregoing, the U.S. Borrower hereby agrees
with the Guaranteed Creditors that it will not exercise any right of subrogation which it may at any time otherwise have as a result of this U.S. Borrower’s Guaranty (whether contractual, under Section 509 of the Bankruptcy Code or
otherwise) until all U.S. Borrower Guaranteed Obligations have been irrevocably paid in full in cash. 
 14.08 Waiver. (a) The
U.S. Borrower waives any right (except as shall be required by applicable statute and cannot be waived) to require any Guaranteed Creditor to (i) proceed against the European Borrower, the Canadian Borrower, any other U.S. Borrower Guaranteed
Party, any other guarantor or any other party, (ii) proceed against or exhaust any security held from the European Borrower, the Canadian Borrower, any other U.S. Borrower Guaranteed Party, any other guarantor or any other party or
(iii) pursue any other remedy in any Guaranteed Creditor’s power whatsoever. The U.S. Borrower waives any defense based on or arising out of any defense of the European Borrower, the Canadian Borrower, any other U.S. Borrower Guaranteed
Party, any other guarantor or any other party, other than payment in full in 
  

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 cash of the U.S. Borrower Guaranteed Obligations, based on or arising out of the disability of the European Borrower, the
Canadian Borrower, any other U.S. Borrower Guaranteed Party, any other guarantor or any other party, or the unenforceability of the U.S. Borrower Guaranteed Obligations or any part thereof from any cause, or the cessation from any cause of the
liability of the European Borrower, the Canadian Borrower or any other U.S. Borrower Guaranteed Party, other than payment in full in cash of the U.S. Borrower Guaranteed Obligations. The Guaranteed Creditors may, at their election, foreclose on any
security held by the Administrative Agent or any other Guaranteed Creditor by one or more judicial or nonjudicial sales, whether or not every aspect of any such sale is commercially reasonable (to the extent such sale is permitted by applicable
law), or exercise any other right or remedy the Guaranteed Creditors may have against the European Borrower, the Canadian Borrower, any other U.S. Borrower Guaranteed Party or any other party, or any security, without affecting or impairing in any
way the liability of the U.S. Borrower hereunder except to the extent the U.S. Borrower Guaranteed Obligations have been paid in full in cash. The U.S. Borrower waives any defense arising out of any such election by the Guaranteed Creditors, even
though such election operates to impair or extinguish any right of reimbursement or subrogation or other right or remedy of the U.S. Borrower against the European Borrower, the Canadian Borrower, any other U.S. Borrower Guaranteed Party or any other
party or any security. 
 (b) The U.S. Borrower waives all presentments, demands for performance, protests and notices, including, without
limitation, notices of nonperformance, notices of protest, notices of dishonor, notices of acceptance of this U.S. Borrower’s Guaranty, and notices of the existence, creation or incurring of new or additional U.S. Borrower Guaranteed
Obligations. The U.S. Borrower assumes all responsibility for being and keeping itself informed of the European Borrower’s, the Canadian Borrower’s and each other U.S. Borrower Guaranteed Party’s financial condition and assets, and of
all other circumstances bearing upon the risk of nonpayment of the U.S. Borrower Guaranteed Obligations and the nature, scope and extent of the risks which the U.S. Borrower assumes and incurs hereunder, and agrees that the Guaranteed Creditors
shall have no duty to advise the U.S. Borrower of information known to them regarding such circumstances or risks. 
 (c) Until such time as
the U.S. Borrower Guaranteed Obligations have been paid in full in cash, the U.S. Borrower hereby waives all rights of subrogation which it may at any time otherwise have as a result of this U.S. Borrower’s Guaranty (whether contractual, under
Section 509 of the Bankruptcy Code, or otherwise) to the claims of the Guaranteed Creditors against the European Borrower, the Canadian Borrower, any other U.S. Borrower Guaranteed Party or any other guarantor of the U.S. Borrower Guaranteed
Obligations and all contractual, statutory or common law rights of reimbursement, contribution or indemnity from the European Borrower, the Canadian Borrower, any other U.S. Borrower Guaranteed Party or any other guarantor which it may at any time
otherwise have as a result of this U.S. Borrower’s Guaranty. 
 (d) The U.S. Borrower warrants and agrees that each of the waivers set
forth above is made with full knowledge of its significance and consequences and that if any of such waivers are determined to be contrary to any applicable law of public policy, such waivers shall be effective only to the maximum extent permitted
by law. 
  

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 14.09 Payments. All payments made by the U.S. Borrower pursuant to this Section 14 shall be
made in the respective Applicable Currency in which the U.S. Borrower Guaranteed Obligations are then due and payable. All payments made by the U.S. Borrower pursuant to this Section 14 will be made without setoff, counterclaim or other
defense, and shall be subject to the provisions of Sections 4.03, 4.04 and 13.20. 
 * * * * 
  

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 IN WITNESS WHEREOF, the parties hereto have caused their duly authorized officers to execute and deliver
this Agreement as of the date first above written. 
  

			
	OWENS CORNING
		
	By:	 	 /s/ Ralph A. Than

	Name:	 	Ralph A. Than
	Title:	 	Treasurer
		
	By:	 	 /s/ Patrick Q. Davis

	Name:	 	Patrick Q. Davis
	Title:	 	Assistant Treasurer
	
	CITIBANK, N.A.
	 Individually and as Administrative Agent

		
	By:	 	 /s/ Svetoslov Nikov

	Name:	 	Svetoslov Nikov
	Title:	 	Vice President

  

	
	Owens Corning Credit Agreement

			
	 CITIBANK N.A., CANADIAN BRANCH
         Individually and as Canadian Sub-Agent

		
	By:	 	 /s/ Niyousha Zarinpour

	Name:	 	Niyousha Zarinpour
	Title:	 	Authorized Signer

  

 Owens Corning Credit Agreement 

			
	 SIGNATURE PAGE TO THE CREDIT
 AGREEMENT DATED
AS OF OCTOBER
 31, 2006, AMONG OWENS CORNING,
 THE LENDERS FROM
TIME TO TIME
 PARTY HERETO AND CITIBANK, N.A.,
 AS ADMINISTRATIVE
AGENT

  

			
	 NAME OF INSTUTION:

	
	 Bank of America, N.A.

		
	By:	 	  
	 Name:
	 	
	 Title:
	 	
	
	 Bank of America, National Association,
 (Canada Branch)

		
	By:	 	  
	 Name:
	 	
	 Title:
	 	
	
	 Goldman Sachs Credit Partnership

		
	By:	 	  
	 Name:
	 	
	 Title:
	 	
	
	 Morgan Stanley Bank

		
	By:	 	  
	 Name:
	 	
	 Title:
	 	
	
	 Wachovia Bank N.A.

		
	By:	 	  
	 Name:
	 	
	 Title:
	 	
	
	 The Bank of Nova Scotia

		
	By:	 	  
	 Name:
	 	
	 Title:
	 	
	
	 BMO Capital Markets Financing Inc.

		
	By:	 	  
	 Name:
	 	
	 Title:
	 	
	
	 Sumitomo Mitsui Banking Corporation

		
	By:	 	  
	 Name:
	 	
	 Title:
	 	
	
	 Fortis Capital Corp.

		
	By:	 	  
	 Name:
	 	
	 Title:
	 	
	
	JPMorgan Chase Bank, N.A.
		
	By:	 	  
	 Name:
	 	
	 Title:
	 	
	
	 Calyon New York Branch

		
	By:	 	  
	 Name:
	 	
	 Title:
	 	
	
	 Fifth Third Bank

		
	By:	 	  
	 Name:
	 	
	 Title:
	 	
	
	 LaSalle Bank Midwest

		
	By:	 	  
	 Name:
	 	
	 Title:
	 	
	
	 Commerzbank AG
 New York and Grand Cayman Branches

		
	By:	 	  
	 Name:
	 	
	 Title:
	 	
	
	 Mellon Bank, N.A.

		
	By:	 	  
	 Name:
	 	
	 Title:
	 	
	
	 National City Bank

		
	By:	 	  
	 Name:
	 	
	 Title:
	 	
	
	 PNC Bank, National Association

		
	By:	 	  
	 Name:
	 	
	 Title:
	 	
	
	 Bank of Tokyo-Mitsubishi UFJ, Ltd.,
 Chicago
Branch

		
	By:	 	  
	 Name:
	 	
	 Title:
	 	
	
	 UBS Loan Finance LLC

		
	By:	 	  
	 Name:
	 	
	 Title:
	 	
	
	 Comerica Bank

		
	By:	 	  
	 Name:
	 	
	 Title:
	 	
	
	 U.S. Bank N.A.

		
	By:	 	  
	 Name:
	 	
	 Title:
	 	
	
	 KBC Bank, NV

		
	By:	 	  
	 Name:
	 	
	 Title:
	 	
	
	 The Northern Trust Company

		
	By:	 	  
	 Name:
	 	
	 Title:
	 	
	
	 Bank Hapoalim B.M.

		
	By:	 	  
	 Name:
	 	
	 Title:
	 	

  

 Owens Corning Credit AgreementCredit Agreement Dated as of October 27, 2006

 Exhibit 10.1 
 Execution Copy 
  

 CREDIT AGREEMENT 
 Dated as of October 27, 2006 
 Among 
 WILLBROS USA, INC. 
 as Borrower, 
 WILLBROS GROUP, INC. AND

 CERTAIN SUBSIDIARIES AND AFFILIATES THEREOF, 
 as Guarantors, 
 THE LENDERS FROM TIME TO TIME PARTY HERETO, 
 as Participants, 
 and 
 CALYON NEW YORK BRANCH, 
 as Administrative
Agent, Collateral Agent, Issuing Bank, 
 Deposit Bank and Revolving Loan Lender 
  

 CALYON SECURITIES, 
 as Sole Lead Arranger and Sole Bookrunner 

 TABLE OF CONTENTS 
  

							
	 	  	 	  	 	  	Page
	ARTICLE I	  	DEFINITIONS AND ACCOUNTING TERMS	  	1
				
		  	Section 1.01	  	Certain Defined Terms	  	1
				
		  	Section 1.02	  	Computation of Time Periods	  	25
				
		  	Section 1.03	  	Accounting Terms	  	25
				
		  	Section 1.04	  	Classes and Types of Advances	  	26
				
		  	Section 1.05	  	Miscellaneous	  	26
			
	ARTICLE II	  	LETTERS OF CREDIT AND REVOLVING ADVANCES	  	26
				
		  	Section 2.01	  	Letters of Credit	  	26
				
		  	Section 2.02	  	Deposit	  	30
				
		  	Section 2.03	  	Advances	  	32
				
		  	Section 2.04	  	Fees	  	37
				
		  	Section 2.05	  	Reduction of the Commitments	  	38
				
		  	Section 2.06	  	Repayment	  	38
				
		  	Section 2.07	  	Interest	  	38
				
		  	Section 2.08	  	Prepayments	  	40
				
		  	Section 2.09	  	Funding Losses	  	43
				
		  	Section 2.10	  	Increased Costs	  	43
				
		  	Section 2.11	  	Payments and Computations	  	45
				
		  	Section 2.12	  	Taxes	  	46
				
		  	Section 2.13	  	Sharing of Payments, Etc	  	47
				
		  	Section 2.14	  	Applicable Lending Offices	  	48
				
		  	Section 2.15	  	Replacement of Participants	  	48
			
	ARTICLE III	  	CONDITIONS OF LENDING	  	49
				
		  	Section 3.01	  	Initial Conditions Precedent	  	49
				
		  	Section 3.02	  	Conditions Precedent to Each Advance	  	53
				
		  	Section 3.03	  	Determinations Under Sections 3.01 and 3.02	  	53
			
	ARTICLE IV	  	REPRESENTATIONS AND WARRANTIES	  	53
				
		  	Section 4.01	  	Existence	  	53
				
		  	Section 4.02	  	Power and Authority	  	53
				
		  	Section 4.03	  	Authorization and Approvals	  	54

  

 -i- 

 TABLE OF CONTENTS 
 (continued) 
  

							
	 	  	 	  	 	  	Page
		  	Section 4.04	  	Enforceable Obligations	  	54
				
		  	Section 4.05	  	Financial Statements; No Material Adverse Effect	  	54
				
		  	Section 4.06	  	True and Complete Disclosure	  	55
				
		  	Section 4.07	  	Litigation	  	55
				
		  	Section 4.08	  	Compliance with Laws	  	55
				
		  	Section 4.09	  	No Default	  	55
				
		  	Section 4.10	  	Subsidiaries; Corporate Structure	  	56
				
		  	Section 4.11	  	Liens; Condition of Properties	  	56
				
		  	Section 4.12	  	Environmental Condition	  	57
				
		  	Section 4.13	  	Insurance	  	57
				
		  	Section 4.14	  	Taxes	  	58
				
		  	Section 4.15	  	ERISA Compliance	  	58
				
		  	Section 4.16	  	Security Interests	  	58
				
		  	Section 4.17	  	Bank Accounts	  	59
				
		  	Section 4.18	  	Labor Relations	  	59
				
		  	Section 4.19	  	Intellectual Property	  	60
				
		  	Section 4.20	  	Solvency	  	60
				
		  	Section 4.21	  	Senior Indebtedness	  	60
				
		  	Section 4.22	  	Margin Regulations	  	60
				
		  	Section 4.23	  	Investment Company Act	  	60
				
		  	Section 4.24	  	Names and Locations	  	61
			
	 ARTICLE V
	  	AFFIRMATIVE COVENANTS	  	61
				
		  	Section 5.01	  	Preservation of Existence, Etc	  	61
				
		  	Section 5.02	  	Compliance with Laws, Etc	  	61
				
		  	Section 5.03	  	Maintenance of Property	  	61
				
		  	Section 5.04	  	Maintenance of Insurance	  	61
				
		  	Section 5.05	  	Payment of Taxes, Etc	  	62
				
		  	Section 5.06	  	Reporting Requirements	  	62
				
		  	Section 5.07	  	Other Notices	  	65
				
		  	Section 5.08	  	Books and Records; Inspection	  	66

  

 -ii- 

 TABLE OF CONTENTS 
 (continued) 
  

							
	 	  	 	  	 	  	Page
		  	Section 5.09	  	Agreement to Pledge	  	67
				
		  	Section 5.10	  	Use of Proceeds	  	67
				
		  	Section 5.11	  	Nature of Business	  	67
				
		  	Section 5.12	  	Additional Guarantors	  	67
				
		  	Section 5.13	  	Additional Collateral Requirements	  	67
				
		  	Section 5.14	  	Swap Contracts	  	68
				
		  	Section 5.15	  	Further Assurances in General	  	68
				
		  	Section 5.16	  	Post-Closing Requirements	  	69
				
		  	Section 5.17	  	Minimum Cash Requirements	  	69
			
	 ARTICLE VI
	  	NEGATIVE COVENANTS	  	70
				
		  	Section 6.01	  	Liens, Etc	  	70
				
		  	Section 6.02	  	Debts, Guaranties and Other Obligations	  	70
				
		  	Section 6.03	  	Merger or Consolidation	  	71
				
		  	Section 6.04	  	Asset Sales	  	72
				
		  	Section 6.05	  	Investments and Acquisitions	  	72
				
		  	Section 6.06	  	Restricted Payments	  	74
				
		  	Section 6.07	  	Change in Nature of Business	  	75
				
		  	Section 6.08	  	Transactions With Affiliates	  	75
				
		  	Section 6.09	  	Agreements Restricting Liens and Distributions	  	75
				
		  	Section 6.10	  	Limitation on Accounting Changes or Changes in Fiscal Periods	  	76
				
		  	Section 6.11	  	Limitation on Speculative Hedging	  	76
				
		  	Section 6.12	  	[Reserved]	  	76
				
		  	Section 6.13	  	Sale and Leaseback Transactions and other Off-Balance Sheet Liabilities	  	76
				
		  	Section 6.14	  	Other Debt	  	76
				
		  	Section 6.15	  	Capital Expenditures	  	77
				
		  	Section 6.16	  	Minimum Fixed Charge Coverage Ratio	  	77
				
		  	Section 6.17	  	Maximum Senior Leverage Ratio	  	78
				
		  	Section 6.18	  	Minimum Tangible Net Worth	  	78
				
		  	Section 6.19	  	Collateral Restrictions	  	78
				
		  	Section 6.20	  	Nigerian Operations	  	78

  

 -iii- 

 TABLE OF CONTENTS 
 (continued) 
  

							
	 	  	 	  	 	  	Page
			
	 ARTICLE VII
	  	EVENTS OF DEFAULT	  	79
				
		  	Section 7.01	  	Events of Default	  	79
				
		  	Section 7.02	  	Optional Acceleration of Maturity	  	81
				
		  	Section 7.03	  	Automatic Acceleration of Maturity	  	81
				
		  	Section 7.04	  	Non-exclusivity of Remedies	  	81
				
		  	Section 7.05	  	Right of Set-off	  	82
				
		  	Section 7.06	  	Application of Proceeds	  	82
				
		  	Section 7.07	  	Letters of Credit	  	83
			
	 ARTICLE VIII
	  	THE GUARANTY	  	85
				
		  	Section 8.01	  	Liabilities Guaranteed	  	85
				
		  	Section 8.02	  	Nature of Guaranty	  	85
				
		  	Section 8.03	  	Agent’s Rights	  	85
				
		  	Section 8.04	  	Guarantor’s Waivers	  	86
				
		  	Section 8.05	  	Maturity of Obligations, Payment	  	87
				
		  	Section 8.06	  	Agent’s Expenses	  	87
				
		  	Section 8.07	  	Liability	  	87
				
		  	Section 8.08	  	Events and Circumstances Not Reducing or Discharging any Guarantor’s Obligations	  	87
				
		  	Section 8.09	  	Subordination of All Guarantor Claims	  	89
				
		  	Section 8.10	  	Claims in Bankruptcy	  	90
				
		  	Section 8.11	  	Payments Held in Trust	  	90
				
		  	Section 8.12	  	Benefit of Guaranty	  	91
				
		  	Section 8.13	  	Reinstatement	  	91
				
		  	Section 8.14	  	Liens Subordinate	  	91
				
		  	Section 8.15	  	Guarantor’s Enforcement Rights	  	91
				
		  	Section 8.16	  	Limitation	  	91
				
		  	Section 8.17	  	Contribution Rights	  	92
				
		  	Section 8.18	  	Release of Guarantors	  	92

  

 -iv- 

 TABLE OF CONTENTS 
 (continued) 
  

							
	 	  	 	  	 	  	Page
			
	 ARTICLE IX
	  	THE AGENTS AND THE ISSUING BANK	  	93
				
		  	Section 9.01	  	Appointment and Authority	  	93
				
		  	Section 9.02	  	Rights as a Participant	  	93
				
		  	Section 9.03	  	Exculpatory Provisions	  	93
				
		  	Section 9.04	  	Reliance by the Agents and the Issuing Bank	  	94
				
		  	Section 9.05	  	Delegation of Duties	  	94
				
		  	Section 9.06	  	Resignation of an Agent, the Issuing Bank or the Revolving Loan Lender	  	95
				
		  	Section 9.07	  	Non-Reliance on Administrative Agent and Other Participants	  	97
				
		  	Section 9.08	  	Indemnification	  	97
				
		  	Section 9.09	  	Collateral and Guaranty Matters	  	98
				
		  	Section 9.10	  	No Other Duties, etc	  	99
			
	 ARTICLE X
	  	MISCELLANEOUS	  	99
				
		  	Section 10.01	  	Amendments, Etc	  	99
				
		  	Section 10.02	  	Notices, Etc	  	100
				
		  	Section 10.03	  	No Waiver; Cumulative Remedies	  	102
				
		  	Section 10.04	  	Costs and Expenses	  	102
				
		  	Section 10.05	  	Indemnification	  	102
				
		  	Section 10.06	  	Successors and Assigns	  	104
				
		  	Section 10.07	  	Confidentiality	  	107
				
		  	Section 10.08	  	Execution in Counterparts	  	107
				
		  	Section 10.10	  	Severability	  	108
				
		  	Section 10.11	  	[Reserved]	  	108
				
		  	Section 10.12	  	Governing Law	  	108
				
		  	Section 10.13	  	Submission to Jurisdiction	  	108
				
		  	Section 10.14	  	Waiver of Jury	  	109
				
		  	Section 10.15	  	Collateral Matters; Swap Contracts	  	109
				
		  	Section 10.16	  	Judgment Currency	  	109
				
		  	Section 10.17	  	Entire Agreement	  	110
				
		  	Section 10.18	  	USA Patriot Act Notice	  	110

  

 -v- 

 TABLE OF CONTENTS 
 (continued) 

							
	 	  	 	  	 	  	Page
	EXHIBITS:	  		  		  	
				
	Exhibit A	  	-	  	        Form of Assignment and Acceptance Agreement	  	
	Exhibit B	  	-	  	        [Reserved]	  	
	Exhibit C	  	-	  	        Form of Compliance Certificate	  	
	Exhibit D	  	-	  	        Form of Letter of Credit Request	  	
	Exhibit E	  	-	  	        Form of Note	  	
	Exhibit F	  	-	  	        Form of Notice of Borrowing	  	
	Exhibit G	  	-	  	        Form of Notice of Conversion or Continuation	  	
	Exhibit H	  	-	  	        Form of Pledge Agreement	  	
	Exhibit I	  	-	  	        Form of Security Agreement	  	
				
	SCHEDULES:*	  		  		  	
				
	Schedule 1.01(a)	  	-	  	        Existing Letters of Credit	  	
	Schedule 1.01(b)	  	-	  	        Guarantors	  	
	Schedule 1.01(c)	  	-	  	        Mortgaged Property	  	
	Schedule 2.01	  	-	  	        Commitments and Pro Rata Shares of the Participants	  	
	Schedule 3.01(a)(iv)	  	-	  	        Pledged Equity Interests	  	
	Schedule 4.05(d)	  	-	  	        Material Adverse Effects	  	
	Schedule 4.07	  	-	  	        Litigation	  	
	Schedule 4.10	  	-	  	        Subsidiaries	  	
	Schedule 4.13	  	-	  	        Insurance	  	
	Schedule 4.17	  	-	  	        Bank Accounts	  	
	Schedule 4.18	  	-	  	        Labor Relations	  	
	Schedule 4.24	  	-	  	        Locations	  	
	Schedule 6.01	  	-	  	        Existing Liens	  	
	Schedule 6.02	  	-	  	        Existing Debt	  	
	Schedule 6.08	  	-	  	        Affiliate Transactions	  	
	Schedule 10.02	  	-	  	        Addresses for Notice	  	

	*	Omitted. The Company agrees to furnish supplementally a copy of any omitted schedule to the Securities and Exchange Commission upon its request. 

  

 -vi- 

 CREDIT AGREEMENT 
 This Credit Agreement dated as of October 27, 2006 is among Willbros USA, Inc., a Delaware corporation (the “Borrower”), the Guarantors, the Participants, and Calyon New York Branch, as
Administrative Agent, Collateral Agent, Issuing Bank and Deposit Bank. 
 The Borrower, the Guarantors, the Participants, the Administrative
Agent, the Collateral Agent, the Issuing Bank and the Deposit Bank agree as follows: 
 ARTICLE I 
 DEFINITIONS AND ACCOUNTING TERMS 
 Section 1.01 Certain Defined Terms. Any terms used in this Agreement that are defined in Article 9 of the Uniform Commercial Code as adopted in the State of New York (“UCC”) shall have the meanings assigned to
those terms by the UCC as of the date of this Agreement. As used in this Agreement, the terms defined above shall have the meanings set forth therein and the following terms shall have the following meanings (unless otherwise indicated, such
meanings to be equally applicable to both the singular and plural forms of the terms defined): 
 “Acceleration Date” means
the first date after the Closing Date on which there shall occur (a) any event described in subsection (e) of Section 7.01 or (b) an acceleration of the Advances and termination of the Commitments. 
 “Acceptable Security Interest” in any Property means a Lien which (a) exists in favor of the Collateral Agent for the benefit of
the Secured Parties; (b) is superior to all other Liens except Excepted Liens; (c) secures the Obligations; and (d) is perfected and enforceable against the Loan Party that created such security interest in preference to any rights of
any Person therein, other than Excepted Liens. 
 “Account Control Agreement” shall mean, subject to
Section 6.19, if any deposit or securities account of the Borrower or any Loan Party is held with a financial institution that is not the Collateral Agent, an agreement or agreements in form and substance reasonably acceptable to the
Collateral Agent between the Collateral Agent and such other financial institution governing any such deposit accounts or securities of the Borrower or such Loan Party. 
 “Acquisition” means any transaction, or any series of related transactions, consummated on or after the date of this Agreement, by which the Parent or any of its Subsidiaries (a) acquires any
going business or all or substantially all of the assets of any firm, corporation or limited liability company, or division thereof, whether through purchase of assets, merger or otherwise, or (b) directly or indirectly acquires (in one
transaction or as the most recent transaction in a series of transactions) at least a majority (in number of votes) of the securities of a corporation which have ordinary voting power for the election of directors (other than securities having such
power only by reason of the happening of a contingency) or a majority (by percentage or voting power) of the outstanding ownership interests of a partnership or limited liability company. 

 “Adjusted Base Rate” means, for any day, a fluctuating rate of interest per annum equal
to the higher of (a) the Prime Rate in effect for such day and (b) the sum of the Federal Funds Effective Rate in effect for such day plus  1/2 of 1% per annum. Any change in the Adjusted Base Rate due to a change in the Prime Rate or the Federal Funds Effective Rate shall be effective on the effective date of such change in the Prime
Rate or Federal Funds Effective Rate. 
 “Administrative Agent” means Calyon in its capacity as administrative agent
for the Participants under the Loan Documents and any successor in such capacity appointed pursuant to Section 9.06. 
 “Administrative Questionnaire” means an administrative questionnaire in a form supplied by the Administrative Agent. 
 “Advance” means any LC Advance and Revolving Advance. 
 “Affiliate” of any Person, means any
other Person that, directly or indirectly, through one or more intermediaries, controls, is controlled by, or is under common control with, such Person or any Subsidiary of such Person. The term “control” (including the terms
“controlled by” or “under common control with”) means the possession, directly or indirectly, of the power to (a) vote or direct the voting of 10% or more of the outstanding shares of Voting Stock of such Person or
(b) direct or cause the direction of the management and policies of a Person, whether through the ability to exercise voting power, by contract or otherwise. 
 “Agent” means the Administrative Agent, the Collateral Agent and the Deposit Bank and “Agents” means all such Persons collectively. 
 “Agreement” means this Credit Agreement dated as of October 27, 2006 among the Borrower, the Guarantors, the Participants, the
Administrative Agent and the Collateral Agent, as it may be amended or modified and in effect from time to time. 
 “Applicable
Lending Office” means (a) with respect to any Participant, the office, branch, subsidiary, affiliate or correspondent bank of such Participant specified in its Administrative Questionnaire or such other office, branch, subsidiary,
affiliate or correspondent bank as such Participant may from time to time specify to the Borrower and the Administrative Agent from time to time and (b) with respect to the Administrative Agent, the address specified for such Person on
Schedule 10.02 or to such other address, facsimile number, electronic mail address or telephone number as shall be designated by such party in a notice to the other parties. 
 “Approved Fund” means any Fund that is administered or managed by (a) a Participant, (b) an Affiliate of a Participant,
(c) an entity or an Affiliate of an entity that administers or manages a Participant, or (d) an entity or an Affiliate of an entity that is the investment advisor to a Participant. 
 “Arranger” means Calyon Securities in its capacity as lead arranger and sole bookrunner. 
 “Asset Disposition” or “Dispose” means the disposition, whether by sale, lease, license, transfer, loss, damage,
destruction, condemnation or otherwise, of any or all of the Property of the Parent or any of its Subsidiaries other than (a) any sale or issuance of Equity Interests of any 
  

 2 

 of the Parent’s Subsidiaries to any Loan Party, (b) sales of inventory in the ordinary course of business,
(c) dispositions of assets which have become obsolete or, in the Borrower’s reasonable judgment, no longer useful in the business of any Loan Party, (d) subject to the consent of the Collateral Agent if an Event of Default has
occurred and is continuing, any sale or issuance of any Equity Interests of any of the Parent’s Subsidiaries or disposition of assets thereof if the transaction is related to the discontinuance of the Nigerian Operations, and
(e) dispositions of any Government Fueling Facility. 
 “Assignment and Acceptance” shall mean an assignment and
assumption entered into by a Participant and an Eligible Assignee (with the consent of any party whose consent is required by Section 10.06), and accepted by the Administrative Agent, in substantially the form of Exhibit A or any
other form approved by the Administrative Agent in its sole discretion. 
 “Attributable Indebtedness” means, on any date,
in respect of any Capital Lease of any Person, the capitalized amount thereof that would appear on a balance sheet of such Person prepared as of such date in accordance with GAAP. 
 “Audited Financial Statements” means the audited consolidated balance sheet of the Parent and its Subsidiaries for the fiscal year ended
December 31, 2005, together with the related consolidated statements of income or operations, shareholders’ equity and cash flows for such fiscal year of the Parent and its Subsidiaries, including the notes thereto. 
 “Base Rate Advance” means an Advance that bears interest at a rate determined by reference to the Adjusted Base Rate. 
 “Beneficial Owner” has the meaning assigned to such term in Rule 13d-3 and Rule 13d-5 under the Exchange Act. 
 “Blocked Accounts” has the meaning set forth in Section 5.13(a). 
 “Borrowing” means a borrowing consisting of simultaneous Advances of the same Class and Type made, converted or continued on the same
Business Day, and, in the case of Eurodollar Advances, as to which a single Interest Period is in effect. 
 “Borrowing
Date” means the date on which any Advance is made or any Letter of Credit is issued hereunder. 
 “Business Day”
means any day other than a Saturday, Sunday or other day on which commercial banks are authorized to close under the laws of, or are in fact closed in, New York and, if such day relates to any Eurodollar Advance, means any such day on which dealings
in Dollar deposits are conducted by and between banks in the London interbank eurodollar market. 
 “Calyon” means Calyon
New York Branch. 
 “Capital Expenditures” means all expenditures of any Person in respect of the purchase or other
acquisition, construction or improvement of any fixed or capital assets that are required to be capitalized under GAAP on a balance sheet as property, plant, equipment or other fixed assets or intangibles; provided, however that
Capital Expenditures shall in any event exclude (a)
  

 3 

 normal replacements and maintenance which are properly charged to current operations, (b) amounts expended with the
proceeds of insurance to repair or replace fixed or capital assets and (c) expenditures in connection with any Governmental Fueling Facility that have been reimbursed directly or indirectly by the applicable Governmental Authority or financed
by Debt permitted by Section 6.02(j). 
 “Capital Lease” of a Person means any lease of any Property by such
Person as lessee that would, in accordance with GAAP, be required to be classified and accounted for as a capital lease on the balance sheet of such Person. 
 “Cash Equivalents” means: 
 (a) investments in direct obligations of the United States of
America or any agency thereof, 
 (b) investments in certificates of deposit of maturities less than one year or less than two years provided
the investment may be converted into cash within three (3) Business Days without unreasonable premium or penalty issued by, or time deposits with, Amegy Bank of Texas, N.A., Bank of Texas, N.A., or commercial banks in the United States having
capital and surplus in excess of $500,000,000, 
 (c) investments in commercial paper of maturities less than one year rated A1 or P1 by
Standard & Poor’s Corporation or Moody’s Investors Service, Inc., respectively, or any equivalent rating from any other rating agency satisfactory to the Administrative Agent, 
 (d) investments in securities purchased by the Parent under repurchase obligations pursuant to which arrangements are made with selling financial
institutions (being a financial institution with a rating of A1 or P1 by Standard & Poor’s Corporation or Moody’s Investors Service, Inc., respectively) for such financial institutions to repurchase such securities within 30 days
from the date of purchase by the Parent, and other similar short-term investments made in connection with the Parent’s cash management practices, and 
 (e) investments in institutional money market mutual funds that abide by the criteria set forth by rule 2a-7 of the Investment Company Act of 1940, as amended. 
 “Change in Law” means the occurrence, after the date of this Agreement, of any of the following: (a) the adoption or taking effect
of any law, rule, regulation or treaty, (b) any change in any law, rule, regulation or treaty or in the administration, interpretation or application thereof by any Governmental Authority or (c) the making or issuance of any request,
guideline or directive (whether or not having the force of law) by any Governmental Authority. 
 “Change of Control” means
the occurrence of any of the following events: 
 (a) the direct or indirect sale, transfer, conveyance or other disposition (other than by
way of merger or consolidation), in one or a series of related transactions, of all or substantially all of the properties or assets of the Parent and its Subsidiaries taken as a whole to any “person” (as that term is used in
Section 13(d) of the Exchange Act, but excluding any employee benefit plan of the Parent or any of its Subsidiaries, and any person or entity acting in its capacity as 
  

 4 

 trustee, agent or other fiduciary or administrator of any such plan), provided, however, that the direct or
indirect sale, transfer, conveyance or other disposition of Equity Interests of any of the Parent’s Subsidiaries or the assets thereof shall not be considered a Change of Control if the transaction is directly related to the discontinuance of
the Nigerian Operations; 
 (b) the consummation of any transaction (including any merger or consolidation) the result of which is that any
“person” (as defined above) becomes the Beneficial Owner, directly or indirectly, of more than 50% of the Voting Stock of the Parent, measured by voting power rather than number of shares; 
 (c) the first day on which a majority of the members of the Board of Directors of the Parent are not Continuing Directors; 
 (d) the Parent consolidates with, or merges with or into, any Person, or any Person consolidates with, or merges with or into, the Parent, in any such
event pursuant to a transaction in which any of the outstanding Voting Stock of the Parent or such other Person is converted into or exchanged for cash, securities or other property, other than any such transaction where the Voting Stock of the
Parent outstanding immediately prior to such transaction is converted into or exchanged for Voting Stock of the surviving or transferee Person constituting a majority of the outstanding shares of such Voting Stock of such surviving or transferee
Person (immediately after giving effect to such issuance); or 
 (e) Randy Harl ceases for any reason whatsoever (other than as a result of
death or disability) to be actively engaged in the management of the Parent and its Subsidiaries and, in any case, shall not have been replaced within ninety (90) calendar days by an individual with similar experience and qualifications or
otherwise satisfactory to Administrative Agent. 
 “Class” has the meaning set forth in Section 1.04.

 “Closing Date” means October 27, 2006. 
 “Code” means the United States Internal Revenue Code of 1986, as amended, reformed or otherwise modified from time to time, and any
successor statute and all rules and regulations promulgated thereunder. 
 “Collateral” means all the “Collateral”
as defined in any Security Document. 
 “Collateral Agent” means Calyon, in its capacity as collateral agent pursuant to
this Agreement, and any successor collateral agent appointed pursuant to Section 9.06 of this Agreement. 
 “Commitment” means, as to each Participant, its obligation to (a) make its Deposit pursuant to Section 2.02, (b) make Advances to the Borrower pursuant to Section 2.03, and
(c) purchase participations in Letter of Credit Obligations and Revolving Advances pursuant to Section 2.01(b) in an aggregate principal amount at any one time outstanding not to exceed the amount set forth opposite such
Participant’s name on Schedule 2.01 or in the Assignment and Assumption pursuant to which such Participant becomes a party hereto, as applicable, as such amount may be adjusted from time to time in accordance with this Agreement. The
initial aggregate amount of the Commitments is $100,000,000. 
  

 5 

 “Compliance Certificate” means a Compliance Certificate signed by a Financial Officer of
the Parent in substantially the form of the attached Exhibit C. 
 “Confidential Information Memorandum” means the
Confidential Information Memorandum dated September 2006 (together with all amendments and supplements thereto) and furnished to the initial Participants in connection with the syndication of the Advances made hereunder. 
 “Consolidated EBITDA” means, for any period, without duplication, the sum of the following for the Parent and its Subsidiaries on a
consolidated basis, each calculated for such period: 
 (a) Consolidated Net Income for such period of determination minus the results
from discontinued operations for such period (as determined in accordance with GAAP) plus 
 (b) to the extent deducted in determining
Consolidated Net Income, Consolidated Interest Expense, charges against income for foreign, federal, state, and local taxes, depreciation and amortization expense, other non-cash charges (except to the extent that such non-cash charges are reserved
for cash payments to be made in the future), extraordinary expenses or losses, amortization or write off of debt discount and debt issuance costs and commissions, discounts and other fees and charges associated with letters of credit or Debt, and
any losses on sales of assets outside the ordinary course of business minus 
 (c) extraordinary or non-recurring gains for such
period minus 
 (d) any gain realized upon the sale or other disposition of any assets of the Parent or any of its Subsidiaries for
such period (other than in the ordinary course of business) minus 
 (e) the income of any Person (other than Wholly-Owned
Subsidiaries of the Borrower) in which the Parent or a Wholly-Owned Subsidiary of the Parent has an ownership interest except to the extent (i) such income is received by the Parent or such Wholly-Owned Subsidiary in a cash distribution during
such period or (ii) there are no restrictions on receiving dividends, payments or other distributions from such Person to the extent of the Parent’s or its Wholly-Owned Subsidiary’s ownership interest, all as determined on a
consolidated basis in accordance with GAAP, plus the loss or minus the income 
 (f) of any Person accrued prior to the date it
becomes a Subsidiary of the Parent or is merged into or consolidated with the Parent or any of its Subsidiaries, minus 
 (g) non-cash
gains (other than gains resulting from derivatives to the extent the amount of commodities hedged with such derivatives exceeds the Parent’s and its Subsidiaries’ commodities sold), losses or adjustments under FASB Statement 133 as a
result of changes in the fair market value of derivatives, minus the gains or plus the losses 
 (h) from the sale of the
Nigerian Operations and/or Nigerian assets, minus 
  

 6 

 (i) the interest income of the Parent and its Subsidiaries calculated on a consolidated basis in
accordance with GAAP for such period. 
 “Consolidated Interest Expense” means, for any period, the interest expense of the
Parent and its Subsidiaries (excluding amortization of deferred loan costs) calculated on a consolidated basis in accordance with GAAP for such period. 
 “Consolidated Net Income” means, for any period, the net income of the Parent and its Subsidiaries calculated on a consolidated basis for such period after taxes, as determined in accordance with
GAAP. 
 “Consolidated Senior Debt” means, for any period, all Debt of any Subsidiary of the Parent, including, without
limitation, all Revolving Advances under this Agreement, but excluding Capital Leases and Debt to finance insurance premiums to the extent permitted by Section 6.02, calculated on a consolidated basis in accordance with GAAP for such
period. 
 “Continue”, “Continuation”, and “Continued” each refers to a continuation of
Advances for an additional Interest Period upon the expiration of the Interest Period then in effect for such Advances. 
 “Continuing Directors” means, as of any date of determination, any member of the Board of Directors of the Parent who (a) was a member of such Board of Directors on the Closing Date or (b) was nominated for
election or elected to such Board of Directors with the approval of a majority of the Continuing Directors who were members of such Board at the time of such nomination or election. 
 “Convert”, “Conversion”, and “Converted” each refers to a conversion of Advances of one Type into
Advances of another Type pursuant to Section 2.03(d). 
 “Convertible Senior Notes” means (a) the
$70,000,000 in original principal amount of 2.75% convertible senior notes due 2024 issued by the Parent pursuant to that certain Indenture dated as of March 12, 2004 by and between the Parent and JP Morgan Chase Bank, as trustee and
(b) the $84,500,000 in original principal amount of 6.5% convertible senior notes due 2012 issued by the Parent pursuant to that certain Indenture dated as of December 23, 2005 by and between the Parent, the Borrower, as guarantor, and The
Bank of New York, as trustee. 
 “Debt” means, for any Person, without duplication, all of the following, whether or not
included as indebtedness or liabilities in accordance with GAAP: 
 (a) all obligations of such Person for borrowed money and all obligations
of such Person evidenced by bonds, debentures, notes or other similar instruments; 
 (b) obligations of such Person to pay the deferred
purchase price of property or services (other than trade accounts payable in the ordinary course of business); 
 (c) Capital Leases;

  

 7 

 (d) all reimbursement obligations of such Person in respect of Financial Letters of Credit, bankers’
acceptances, bank guarantees, surety bonds or similar instruments which are issued upon the application of such Person or upon which such Person is an account party or for which such Person is in any way liable; 
 (e) net obligations of such Person under any Swap Contract; and 
 (f) indebtedness secured by a Lien on Property now or hereafter owned or acquired by such Person (including indebtedness arising under conditional sales or other title retention agreements), whether or not such
indebtedness shall have been assumed by such Person or is limited in recourse (provided, that if such Person has not assumed or otherwise become liable in respect of such Debt, such Debt shall be deemed to be in an amount equal to the lesser of the
amount of such Debt and the fair market value of the Property encumbered by such Lien). 
 For all purposes hereof, the Debt of any Person
shall include the Debt 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 Debt is expressly made
non-recourse to such Person. The amount of any net obligation under any Swap Contract on any date shall be deemed to be the Swap Termination Value thereof as of such date. The amount of any Capital Lease as of any date shall be deemed to be the
amount of Attributable Indebtedness in respect thereof as of such date. 
 “Default” means (a) an Event of Default or
(b) any event or condition which with notice or lapse of time or both would, unless cured or waived, become an Event of Default. 
 “Deposit” means, as to each Participant, the cash deposit made by such Participant pursuant to Section 2.02(a), as such deposit may be (x) reduced from time to time pursuant to the terms of this Agreement
and (y) reduced or increased from time to time pursuant to assignments by or to such Participant pursuant to Section 10.06. Unless otherwise agreed by the Administrative Agent, the initial amount of each Participant’s Deposit
shall be equal to the amount of its Commitment on the Closing Date or on the date that such Person becomes a Participant pursuant to Section 10.06. 
 “Deposit Account” means the account of, and established by, the Deposit Bank under its sole and exclusive control and maintained at the office of the Deposit Bank, and designated as the “Willbros
Deposit Account” that shall be used solely for the purposes set forth in Sections 2.01(c) and 2.02. 
 “Deposit
Bank” means Calyon and any successor deposit bank appointed pursuant to Section 9.06. 
 “Deposit
Period” means (i) in the case of the first Deposit Period, the period commencing on the Closing Date and ending December 27, 2006 and (ii) in the case of each subsequent Deposit Period, a period corresponding to a three-month
Interest Period commencing on the day following the end of the immediately preceding Deposit Period. 
  

 8 

 “Deposit Rate” means, at any time, the sum of (a) Eurodollar Rate that would be in
effect at such time for an Advance made on the first day of the Deposit Period then in effect and having an Interest Period equal to the Deposit Period then in effect minus (b) 0.08%. 
 “Documentary Letter of Credit” means a letter of credit qualifying as a “commercial letter of credit” under 12 CFR Part 3,
Appendix A, Section 3(b)(3) or any successor U.S. Comptroller of the Currency regulation. 
 “Dollars” and
“$” means the lawful money of the United States of America. 
 “Effective Date” means the date on which the
conditions precedent set forth in Section 3.01 shall have been satisfied, which date shall not be later than October 31, 2006. 
 “Eligible Assignee” means (a) a Participant, (b) an Affiliate of a Participant, (c) an Approved Fund, and (d) any other Person (other than a natural person) approved by the Administrative Agent and the
Issuing Bank in its sole discretion (such consent not to be unreasonably withheld or delayed), and, so long as no Default exists, the Borrower, in either case, such approval not to be unreasonably withheld or delayed; provided that
notwithstanding the foregoing, “Eligible Assignee” shall not include the Parent or any of the Parent’s Affiliates or Subsidiaries. 
 “Environmental Claim” means any allegation, notice of violation, action, lawsuit, claim, demand, judgment, order or proceeding by any Governmental Authority or any Person for liability or damage, including, without
limitation, personal injury, property damage, contribution, indemnity, direct or consequential damages, damage to the environment, nuisance, pollution, or contamination, or for fines, penalties, fees, costs, expenses or restrictions arising under or
otherwise related to an obligation under Environmental Law. 
 “Environmental Law” means all former, current and future
Federal, state, local and foreign laws (including common law), treaties, regulations, rules, ordinances, codes, decrees, judgments, directives, orders (including consent orders), and agreements in each case, relating to protection of the
environment, natural resources, human health and safety or the presence, Release of, or exposure to, Hazardous Materials, or the generation, manufacture, processing, distribution, use, treatment, storage, transport, recycling or handling of, or the
arrangement for such activities with respect to, Hazardous Materials. 
 “Environmental Liability” shall mean all
liabilities, obligations, damages, losses, claims, actions, suits, judgments, orders, fines, penalties, fees, expenses and costs (including administrative oversight costs, natural resource damages and remediation costs), whether contingent or
otherwise, arising out of or relating to (a) compliance or non-compliance with any Environmental Law, (b) the generation, use, handling, transportation, storage, treatment or disposal of any Hazardous Materials, (c) exposure to any
Hazardous Materials, (d) the Release 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. 
 “Environmental Permit” means any permit, license, order, approval or other authorization under any Environmental Law. 
  

 9 

 “Equity Interests” shall mean shares of capital stock, partnership interests, membership
interests in a limited liability company, beneficial interests in a trust or other equity interests in any person, or any obligations convertible into or exchangeable for, or giving any person a right, option or warrant to acquire, such equity
interests or such convertible or exchangeable obligations. 
 “Equity Issuance” means any issuance of equity securities
(including any preferred equity securities) by the Parent or any of its Subsidiaries other than equity securities issued (a) to the Parent or one of its Subsidiaries, and (b) pursuant to employee or director and officer stock plans in the
ordinary course of business. 
 “Equity Issuance Proceeds” means, with respect to any Equity Issuance, all cash and Cash
Equivalents received by the Parent or any of its Subsidiaries from such Equity Issuance after payment of, or provision for, all brokerage commissions and other reasonable out-of-pocket fees and expenses actually incurred. 
 “ERISA” means the Employee Retirement Income Security Act of 1974, as amended from time-to-time, and any successor statute and all rules
and regulations promulgated thereunder. 
 “ERISA Affiliate” means any trade or business (whether or not incorporated) under
common control with the Borrower within the meaning of Section 414(b) or (c) of the Code (and Sections 414(m) and (o) of the Code for purposes of provisions relating to Section 412 of the Code). 
 “ERISA Event” means (a) a Reportable Event with respect to a Pension Plan; (b) a withdrawal by the Borrower or any ERISA
Affiliate from a Pension Plan subject to Section 4063 of ERISA during a plan year in which it was a substantial employer (as defined in Section 4001(a)(2) of ERISA) or a cessation of operations that is treated as such a withdrawal under
Section 4062(e) of ERISA; (c) a complete or partial withdrawal by the Borrower or any ERISA Affiliate from a Multiemployer Plan or notification that a Multiemployer Plan is in reorganization; (d) the filing of a notice of intent to
terminate, the treatment of a Plan amendment as a termination under Sections 4041 or 4041A of ERISA, or the commencement of proceedings by the PBGC to terminate a Pension Plan or Multiemployer Plan; (e) an event or condition which constitutes
grounds under Section 4042 of ERISA for the termination of, or the appointment of a trustee to administer, any Pension Plan or Multiemployer Plan; or (f) the imposition of any liability under Title IV of ERISA, other than for PBGC premiums
due but not delinquent under Section 4007 of ERISA, upon the Borrower or any ERISA Affiliate. 
 “Eurocurrency
Liabilities” has the meaning assigned to that term in Regulation D. 
 “Eurodollar Advance” means an Advance
that bears interest based on the Eurodollar Rate. 
 “Eurodollar Rate” means, with respect to a Eurodollar Advance for the
relevant Interest Period, the applicable British Bankers’ Association Interest Settlement Rate for deposits in Dollars appearing on Page 3750 of the Dow Jones Markets Screen as of 11:00 a.m. (London, England time) two Business Days prior to the
first day of such Interest Period, and having a 
  

 10 

 maturity equal to such Interest Period, provided that if the Dow Jones Markets Screen is not available to the
Administrative Agent for any reason, then the applicable Eurodollar Rate for the relevant Interest Period shall instead be the rate determined by the Administrative Agent to be the rate at which Calyon or one of its Affiliate banks offers to place
deposits in Dollars with first class banks in the London interbank market at approximately 11:00 a.m. (London time) two Business Days prior to the first day of such Interest Period, in the approximate amount of Calyon’s relevant Eurodollar LC
Advance and having a maturity equal to such Interest Period. 
 “Eurodollar Rate Reserve Percentage” of any Participant for
the Interest Period for any Eurodollar Advance means the reserve percentage applicable during such Interest Period (or if more than one such percentage shall be so applicable, the daily average of such percentages for those days in such Interest
Period during which any such percentage shall be so applicable) under regulations issued from time-to-time by the Federal Reserve Board for determining the maximum reserve requirement (including, without limitation, any emergency, supplemental or
other marginal reserve requirement) for such Participant with respect to liabilities or assets consisting of or including Eurocurrency Liabilities having a term equal to such Interest Period. The Eurodollar Rate Reserve Percentage shall be adjusted
automatically on and as of the effective date of any change in any reserve percentage. 
 “Event of Loss” means, with
respect to any Property, any of the following: (a) any loss, destruction or damage of such Property or (b) any actual condemnation, seizure or taking, by exercise of the power of eminent domain or otherwise, of such Property, or
confiscation of such Property or the requisition of the use of such Property, in each case of assets having a book value of $2,500,000 or more, either individually or in the aggregate. 
 “Events of Default” has the meaning set forth in Section 7.01. 
 “Excepted Liens” means: 
 (a) Liens for taxes, assessments or governmental charges or levies on its Property if the same shall not at the time be delinquent or thereafter can be paid without penalty, or are being contested in good faith and by appropriate
proceedings diligently conducted and for which adequate reserves in accordance with and to the extent required by GAAP shall have been set aside on its books; 
 (b) Liens imposed by law, or arising by operation of law, including, without limitation, carriers’, warehousemen’s, landlord’s, mechanics’, materialmen’s, and other similar liens arising in
the ordinary course of business which secure payment of obligations not more than 30 days past due or which are being contested in good faith by appropriate proceedings diligently conducted and for which adequate reserves shall have been set aside
on the books of the applicable Person; 
 (c) Liens incurred and pledges or deposits made in the ordinary course of business in connection
with worker’s compensation, unemployment insurance or other social security or retirement benefits, or similar legislation, other than any Lien imposed by ERISA; 
  

 11 

 (d) deposits to secure the performance of bids and leases (other than Debt), statutory obligations,
surety bonds (other than bonds related to judgments or litigation), performance bonds and other obligations of a like nature incurred in the ordinary course of business; 
 (e) easements, rights-of-way, restrictions and other similar encumbrances affecting real property which, in the aggregate, are not substantial in amount, and which do not in any case materially detract from the value
of the property subject thereto or materially interfere with the ordinary conduct of the business of the applicable Person; and 
 (f) Liens
arising out of judgments or awards in respect of which the Parent or any of the Subsidiaries shall in good faith be prosecuting an appeal or proceedings for review in respect of which there shall be secured a subsisting stay of execution pending
such appeal or proceedings; provided that the aggregate amount of all such judgments or awards (and any cash and the fair market value of any property subject to such Liens) does not exceed $5,000,000 at any time outstanding. 
 “Excluded Collateral” means any Property to the extent (but only to the extent) that (a) such Property consitutes a Governmental
Fueling Facility, (b) the terms of such Property forbid or make void or unenforceable any grant of a security interest in such Property unless pursuant to applicable law such terms are unenforceable or the Collateral Agent has received all
consents necessary to enable the Collateral Agent to obtain an Acceptable Security Interest in such Property, or (c) the assignment of, or the grant of a security interest in, such Property is prohibited by any applicable law; provided,
however, that clause (b) and (c) shall only apply until (i) either of the prohibitions discussed in clause (b) and (c) above is ineffective or subsequently rendered ineffective under the UCC or any other Legal
Requirement or is otherwise no longer in effect or (ii) the applicable Loan Party has obtained the consent of parties applicable to such Excluded Property necessary for the creation of a lien and security in, such Excluded Property;
provided, further, that any proceeds received by any Loan Party from the sale, transfer or other disposition of Excluded Property shall constitute Collateral unless any assets or property constituting such proceeds are themselves
subject to the exclusions set forth in clauses (a), (b) and (c) above. 
 “Excluded Taxes” means, with respect to
the Administrative Agent, any Participant, the Issuing Bank, or any other recipient of any payment to be made by or on account of any obligation of any Loan Party hereunder, (a) taxes imposed on or measured by its overall net income (however
denominated), and franchise taxes imposed on it (in lieu of net income taxes), by the jurisdiction (or any political subdivision thereof) under the laws of which such recipient is organized or in which its principal office is located or, in the case
of any Participant, in which its applicable lending office is located, (b) any branch profits taxes imposed by the United States of America or any similar tax imposed by any other jurisdiction in which any Loan Party is located and (c) in
the case of a Foreign Participant, any withholding tax that is imposed on amounts payable to such Foreign Participant at the time such Foreign Participant becomes a party hereto (or designates a new lending office) or is attributable to such Foreign
Participant’s failure or inability (other than as a result of a Change in Law) to comply with Section 2.12(e), except to the extent that such Foreign Participant (or its assignor, if any) was entitled, at the time of designation of
a new lending office (or assignment), to receive additional amounts from any Loan Party with respect to such withholding tax pursuant to Section 2.12(a). 
  

 12 

 “Existing Credit Facility” means the Amended and Restated Credit Agreement dated as of
March 12, 2004 among the Parent, the designated subsidiaries of the Parent party thereto, Calyon, as lead arranger, book runner and administrative agent and CIBC Inc., as syndication agent, as in effect on the date hereof. 
 “Existing Letters of Credit” means the letters of credit issued by Calyon and set forth on the attached Schedule 1.01(a).

 “Federal Funds Effective Rate” means, for any day, a fluctuating interest rate per annum equal to the weighted average of
the rates on overnight Federal funds transactions with members of the Federal Reserve System arranged by Federal funds brokers on such day, as published for such day (or, if such day is not a Business Day, for the immediately preceding Business Day)
by the Federal Reserve Bank of New York, or, if such rate is not so published for any day which is a Business Day, the average of the quotations at approximately 10:00 a.m. (New York time) on such day on such transactions received by the
Administrative Agent from three Federal funds brokers of recognized standing selected by it. 
 “Federal Reserve Board”
means the Board of Governors of the Federal Reserve System or any of its successors. 
 “Fee Letter” means the letter
agreement dated as of September 19, 2006 among the Borrower, the Administrative Agent and the Arranger. 
 “Financial Letter of
Credit” means a letter of credit qualifying as a “financial standby letter of credit” under 12 CFR Part 3, Appendix A, Section 4(a)(8)(i) or any successor U.S. Comptroller of the Currency regulation. 
 “Financial Officer” for any Person means the chief financial officer, treasurer or senior financial officer of such Person, as
applicable. 
 “Fixed Charge Coverage Ratio” means (a) as of the last day of the fiscal quarter ending
December 31, 2006, the ratio of (i) Consolidated EBITDA for the fiscal quarter then ended to (ii) Fixed Charges for the fiscal quarter then ended; (b) as of the last day of the fiscal quarter ending March 31, 2007, the ratio
of (i) Consolidated EBITDA for the two fiscal quarters then ended to (ii) Fixed Charges for the two fiscal quarters then ended; (c) as of the last day of the fiscal quarter ending June 30, 2007, the ratio of (i) Consolidated
EBITDA for the three fiscal quarters then ended to (ii) Fixed Charges for the three fiscal quarters then ended; and (d) as of the last day of each fiscal quarter ending on or after September 30, 2007, the ratio of
(i) Consolidated EBITDA for the four fiscal quarters then ended to (ii) Fixed Charges for the four fiscal quarters then ended. 
 “Fixed Charges” means, for any period, the sum of Consolidated Interest Expense (including, without limitation, the interest expense with respect to Capital Leases and the Convertible Senior Notes) calculated on a
consolidated basis in accordance with GAAP for such period. 
 “Foreign Participant” means any Participant that is organized
under the laws of a jurisdiction other than that in which the Borrower is resident for tax purposes. For purposes of this definition, the United States of America, each State thereof and the District of Columbia shall be deemed to constitute a
single jurisdiction. 
  

 13 

 “Foreign Subsidiary” means any Subsidiary that is not a North American Subsidiary.

 “Fund” means any Person (other than a natural person) that is (or will be) engaged in making, purchasing, holding or
otherwise investing in commercial loans and similar extensions of credit in the ordinary course of its business. 
 “GAAP”
means United States generally accepted accounting principles applied on a consistent basis. 
 “Governmental Authority”
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). 
 “Governmental Fueling Facility” means any contract or agreement with a Governmental Authority for the construction and/or operation and
maintenance of certain fuel storage and dispensing facilities to be owned by and located on land of the Governmental Authority. 
 “Governmental Proceedings” means any action or proceedings by or before any Governmental Authority, including, without limitation, the promulgation, enactment or entry of any Legal Requirement. 
 “Guarantors” means (a) the Parent and each of the Parent’s Subsidiaries listed on Schedule 1.01(b) and (b) any
other Person that becomes a guarantor of all or a portion of the Obligations. 
 “Guarantee” means, as to any Person,
(a) any obligation, contingent or otherwise, of such Person guaranteeing or having the economic effect of guaranteeing any Debt or other obligation payable or performable by another Person (the “primary obligor”) in any manner,
whether directly or indirectly, and including any obligation of such Person, direct or indirect, (i) to purchase or pay (or advance or supply funds for the purchase or payment of) such Debt or other obligation or to purchase (or to advance or
supply funds for the purchase of) any security for the payment of such Debt or other obligation, (ii) to purchase or lease property, securities or services for the purpose of assuring the owner of such Debt or other obligation of the payment or
performance of such Debt or other obligation, (iii) to maintain working capital, equity capital or any other financial statement condition or liquidity or level of income or cash flow of the primary obligor so as to enable the primary obligor
to pay such Debt or other obligation, or (iv) entered into for the purpose of assuring in any other manner the owner of such Debt or other obligation of the payment or performance thereof or to protect such owner against loss in respect thereof
(in whole or in part), or (b) any Lien on any assets of such Person securing any Debt or other obligation of any other Person, whether or not such Debt or other obligation is assumed by such Person; provided, however, that the
term “Guarantee” shall not include endorsements for collection or deposit in the ordinary course of business. The amount of any Guarantee shall be 
  

 14 

 deemed to be an amount equal to the stated or determinable amount of the related primary obligation, or portion thereof,
in respect of which such Guarantee is made or, if not stated or determinable, the maximum reasonably anticipated liability in respect thereof as determined by the guaranteeing Person in good faith. The term “Guarantee” as a verb has a
corresponding meaning. 
 “Hazardous Material” means (a) any petroleum products or byproducts and all other
hydrocarbons, coal ash, radon gas, asbestos, urea formaldehyde foam insulation, polychlorinated biphenyls, chlorofluorocarbons and all other ozone-depleting substances and (b) any chemical, material, substance or waste that is prohibited,
limited or regulated by or pursuant to any Environmental Law. 
 “Indemnified Taxes” means any Taxes other than Excluded
Taxes. 
 “Intangible Assets” means assets that are considered to be intangible assets under GAAP, including customer lists,
goodwill, internally developed computer software, copyrights, trade names, trademarks, patents, franchises, licenses, unamortized deferred charges, unamortized debt discount, capitalized research and development costs, including unsecured
intercompany payables owing from unconsolidated Affiliates. 
 “Interest Period” means, for each Eurodollar Advance
comprising part of a Borrowing, the period commencing on the date of such Eurodollar Advance or the date of the Conversion of any existing Base Rate Advance into such Eurodollar Advance and ending on the last day of the period selected by the
Borrower pursuant to the provisions below and Section 2.03(d) and, thereafter, each subsequent period commencing on the last day of the immediately preceding Interest Period and ending on the last day of the period selected by the
Borrower pursuant to the provisions below and Section 2.03(d). The duration of each such Interest Period shall be one, two, three, or six months, in each case as the Borrower may select; provided, however, that: 

(a) Interest Periods commencing on the same date for Advances by each Participant comprising part of the same Borrowing shall be of the same duration;

 (b) whenever the last day of any Interest Period would otherwise occur on a day other than a Business Day, the last day of such Interest
Period shall be extended to occur on the next succeeding Business Day, provided that if such extension would cause the last day of such Interest Period to occur in the next following calendar month, the last day of such Interest Period shall occur
on the next preceding Business Day; 
 (c) any Interest Period which begins on the last Business Day of a calendar month (or on a day for
which there is no numerically corresponding day in the calendar month at the end of such Interest Period) shall end on the last Business Day of the calendar month in which it would have ended if there were a numerically corresponding day in such
calendar month; 
 (d) the Borrower may not select any Interest Period for any Advance which ends after the Maturity Date; and 
  

 15 

 (e) at the Administrative Agent’s sole discretion, the Borrower may not select any Interest Period
for any Eurodollar Advance longer than one month until the satisfactory completion of the syndication of this Agreement by the Arranger. 
 “Interim Financial Statements” means the unaudited consolidated balance sheet of the Parent and its Subsidiaries as of June 30, 2006, together with the related consolidated statements of income or operations,
shareholders’ equity and cash flows for such fiscal quarter of the Parent and its Subsidiaries. 
 “Investment” of any
Person means any investment of such Person so classified under GAAP, and whether or not so classified, any loan, advance (other than intercompany transactions, prepayments or deposits in each case made in the ordinary course of business) or
extension of credit that constitutes Debt of the Person to whom it is extended or contribution of capital by such Person; and any stocks, bonds, mutual funds, partnership interests, notes (including structured notes), debentures or other securities
owned by such Person (but excluding capital expenditures of such Person determined in accordance with GAAP). 
 “Issuance
Event” has the meaning set forth in Section 2.01(a). 
 “Issuing Bank” means Calyon and any successor
Issuing Bank pursuant to Section 9.06. 
 “LC Advance” means a loan deemed to have been made by a Participant to
the Borrower as part of a Borrowing pursuant to Section 2.01(c) and refers to a Base Rate Advance or a Eurodollar Advance. 
 “LC Cash Collateral Account” means special interest bearing cash collateral accounts pledged by the Borrower to the Collateral Agent for the ratable benefit of the Secured Parties containing cash deposited pursuant to
Section 7.07 to be maintained at the Collateral Agent’s office in accordance with Section 7.07 and bear interest or be invested in the Collateral Agent’s reasonable discretion. 
 “LC Disbursement” means a payment or disbursement made by the LC Issuer pursuant to a Letter of Credit. 
 “LC Reserve Account” has the meaning set forth in Section 7.07(b). 
 “Legal Requirement” means, as to any Person, any law, statute, ordinance, decree, award, requirement, order, writ, judgment, injunction,
rule, regulation (or official interpretation of any of the foregoing) of, and the terms of any license or permit issued by, any Governmental Authority which is binding on such Person. 
 “Letter of Credit” means any Performance Letter of Credit, Financial Letter of Credit or Documentary Letter of Credit issued hereunder.
Each Existing Letter of Credit, as of the Closing Date, shall be a Letter of Credit deemed to have been issued pursuant to the Commitments and shall constitute a portion of the Letter of Credit Exposure. 
 “Letter of Credit Application” means (a) a request for issuance of a Letter of Credit in substantially the form of the attached
Exhibit D and (b) an application and agreement for the issuance or amendment of a Letter of Credit in the form from time to time in use by the Issuing Bank. 
  

 16 

 “Letter of Credit Documents” means, with respect to any Letter of Credit, such Letter of
Credit, the related Letter of Credit Application and any agreements, documents, and instruments entered into in connection with or relating to such Letter of Credit. 
 “Letter of Credit Exposure” means, at any time, the sum of (a) the aggregate undrawn maximum face amount of each Letter of Credit at such time and (b) the aggregate unpaid amount of all
Reimbursement Obligations owing with respect to such Letters of Credit at such time. 
 “Letter of Credit Obligations” means
any obligations of the Borrower under this Agreement in connection with the Letters of Credit, including the Reimbursement Obligations. 
 “Letter of Credit Request” means a request to issue, increase the stated amount of or extend the expiration of any Letter of Credit, substantially in the form of Exhibit D. 
 “Lien” shall mean, with respect to any asset, (a) any mortgage, deed of trust, lien (statutory or other), pledge, assignment,
preference, deposit arrangement, encumbrance, charge, security interest, priority or other security or preferential arrangement of any kind or nature whatsoever, whether voluntary or involuntary in or on such asset, (b) the interest of a vendor
or a lessor under any conditional sale agreement, capital lease or title retention agreement (or any financing lease having substantially the same economic effect as any of the foregoing) relating to such asset and (c) in the case of
securities, any purchase option, call or similar right of a third party with respect to such securities. 
 “Liquidity”
means, as of any date of determination, (a) the amount equal to the amount that the Borrower is entitled to borrow as Revolving Advances hereunder (after giving effect to all then outstanding Revolving Advances hereunder) plus
(b) the amount of unrestricted cash and Cash Equivalents of the Parent and its Subsidiaries. 
 “Loan Documents” means
this Agreement, any Notes issued pursuant to Section 2.03(g), the Letter of Credit Documents, the Security Documents, the Fee Letter and each other agreement, instrument or document executed by any Loan Party or any of their respective
officers at any time in connection with this Agreement, all as amended, restated, supplemented or modified from time to time. 
 “Loan Party” means the Borrower and each Guarantor. 
 “Majority Participants” means, as of any
date of determination, (a) before the Commitments terminate, Participants holding more than 50% of the then aggregate Commitments and (b) thereafter, Participants holding more than 50% of the aggregate unpaid principal amount of the LC
Advances and participation interests in the Letter of Credit Exposure at such time. 
 “Material Adverse Effect” shall mean
a material adverse effect upon (a) the business, results of operations, prospects, Properties or condition (financial or otherwise) of the Parent and its Subsidiaries taken as a whole, (b) the ability of any Loan Party to perform its
obligations 
  

 17 

 under any Loan Document to which it is a party or (c) the validity or enforceability against any Loan Party of any
of the Loan Documents or the rights or remedies of the Administrative Agent or the Participants thereunder. 
 “Material
Subsidiary” means any Wholly-Owned Subsidiary of the Parent that has a net book value of assets that constitutes at least $2,500,000 or for which the aggregate Investments in such Subsidiary by a Loan Party aggregate at least $2,500,000 or
more, provided that the aggregate book value of assets of, or Investments in, Subsidiaries that are not Guarantors may not exceed $7,500,000, and “Material Subsidiaries” means all such Subsidiaries collectively. 

“Maturity Date” means October 27, 2009. 
 “Maximum Rate” means the maximum nonusurious interest rate under applicable law (determined under such laws after giving effect to any items which are required by such laws to be construed as interest
in making such determination, including without limitation if required by such laws, certain fees and other costs). 
 “Moody’s” means Moody’s Investors Service, Inc. 
 “Mortgaged Property” means all real
properties owned by the Loan Parties. The Mortgaged Properties on the Closing Date are set forth on Schedule 1.01(c). 
 “Mortgaged Vessels” means at any time the vessels of the Loan Parties that are required to be subject to a lien under the Security Documents at such time. The Mortgaged Vessels as of the Closing Date consist of the MV
Willbros 318, the MV Eros III, and the MV WB 82. 
 “Mortgages” means one or more mortgages with respect
to the Mortgaged Vessels, the Mortgaged Properties and any other Property to secure the Obligations. 
 “Multiemployer Plan”
means any employee benefit plan of the type described in Section 4001(a)(3) of ERISA, to which the Parent or any ERISA Affiliate makes or is obligated to make contributions, or during the preceding five plan years, has made or been obligated to
make contributions. 
 “Net Debt Proceeds” means, in respect of any issuance of Debt not otherwise permitted under
Section 6.02, cash proceeds received in connection therewith, net of underwriting discounts and commissions and out-of-pocket costs and expenses and disbursements paid or incurred in connection therewith in favor of any Person not an
Affiliate of Parent or any other Loan Party. 
 “Net Proceeds” means proceeds in cash, checks or other cash equivalent
financial instruments (including Cash Equivalents) as and when received by the Person making an Asset Disposition and insurance proceeds received on account of an Event of Loss, net of: (a) in the event of an Asset Disposition (i) the
direct costs relating to such Asset Disposition excluding amounts payable to any Loan Party or any Affiliate of a Loan Party, (ii) sale, use or other transaction taxes incurred as a result thereof, and (iii) amounts required to be applied
to repay principal, interest and prepayment premiums and penalties on Debt (other than the Advances) secured by a Lien on the Property which is the subject of such Asset Disposition, (iv) any 
  

 18 

 amounts required to be deposited into escrow in connection with the closing of such Asset Disposition (until any such
amounts are released therefrom to the Parent or any of its Subsidiaries), (v) the amount of any reserve for adjustment in respect of the sale price of such asset or assets as determined in accordance with GAAP, (vi) appropriate amounts to
be provided by the Parent or any of its Subsidiaries as a reserve against any liabilities associated with such Asset Disposition, as determined in accordance with GAAP, and (vii) all distributions and other payments required to be made to
minority interest holders in Subsidiaries or joint ventures as a result of such Asset Disposition, so long as any such distribution or other payment is made on a pro rata basis to the interest of such minority interest holder in such Subsidiary or
joint venture and (b) in the event of an Event of Loss, (i) all money actually applied or to be applied to repair or reconstruct the damaged Property or Property affected by the condemnation or taking, (ii) all of the costs and
expenses incurred in connection with the collection of such proceeds, award or other payments, and (iii) any amounts retained by or paid to parties having superior rights to such proceeds, awards or other payments. 
 “Nigerian Operations” means the operations of the Parent or any Affiliate thereof in any part of Nigeria that are being discontinued.

 “North American Subsidiary” means a Subsidiary that is organized or incorporated under the laws of the United States or a
State thereof or the laws of Canada or a province thereof. 
 “Note” means a promissory note made by the Borrower in favor
of a Participant evidencing Advances made by such Participant substantially in the form of Exhibit E. 
 “Notice of
Borrowing” means a notice of conversion or continuation in the form of the attached Exhibit F signed by a Responsible Officer of the Borrower. 
 “Notice of Conversion or Continuation” means a notice of conversion or continuation in the form of the attached Exhibit G signed by a Responsible Officer of the Borrower. 
 “Obligations” 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 Advance, Letter of Credit or any Swap Contract to which a Participant or its Affiliate is a party, 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 law relating to bankruptcy, insolvency or
reorganization or relief of debtors naming such Person as the debtor in such proceeding, regardless of whether such interest and fees are allowed claims in such proceeding. 
 “Off-Balance Sheet Liability” of a Person means (a) any repurchase obligation or liability of such Person with respect to accounts
or notes receivable sold by such Person, (b) Synthetic Lease Obligations, or (c) any obligation arising with respect to any other transaction which is the functional equivalent of or takes the place of borrowing but which does not
constitute a liability on the balance sheets of such Person, other than any lease that constitutes an Operating Lease. 
  

 19 

 “Operating Lease” of a Person means any lease of Property (other than a Capital Lease)
by such Person as lessee which has an original term (including any required renewals and any renewals effective at the option of the lessor) of one year or more. 
 “Other Taxes” means all present or future stamp or documentary taxes or any other excise or property taxes, charges or similar levies arising from any payment made hereunder or under any other Loan
Document or from the execution, delivery or enforcement of, or otherwise with respect to, this Agreement or any other Loan Document. 
 “Parent” means Willbros Group, Inc., a Panamanian corporation. 
 “Participants” means the lenders
listed on the signature pages of this Agreement and any other person that has become a party hereto pursuant to an Assignment and Acceptance (other than any such person that has ceased to be a party hereto pursuant to an Assignment and Acceptance).

 “PBGC” means the Pension Benefit Guaranty Corporation or any entity succeeding to any or all of its functions under
ERISA. 
 “Performance Letter of Credit” means a letter of credit qualifying as a “performance-based standby letter of
credit” under 12 CFR Part 3, Appendix A, Section 3(b)(2)(i) or any successor U.S. Comptroller of the Currency regulation. 
 “Permitted Liens” has the meaning set forth in Section 6.01. 
 “Person” means and
includes natural persons, corporations, limited partnerships, general partnerships, limited liability companies, limited liability partnerships, joint stock companies, joint ventures, associations, companies, trusts, banks, trust companies, land
trusts, business trusts or other organizations, whether or not legal entities, and governments and agencies and political subdivisions thereof. 
 “Pension Plan” means any “employee pension benefit plan” (as such term is defined in Section 3(2) of ERISA), other than a Multiemployer Plan, that is subject to Title IV of ERISA and is sponsored or
maintained by the Borrower or any ERISA Affiliate or to which the Parent or any ERISA Affiliate contributes or has an obligation to contribute, or in the case of a multiple employer or other plan described in Section 4064(a) of ERISA, has made
contributions at any time during the immediately preceding five plan years. 
 “Plan” means any Pension Plan or
Multiemployer Plan. 
 “Pledge Agreement” means the Pledge Agreement in substantially the form of Exhibit H among one
or more of the Loan Parties and the Collateral Agent for the benefit of the Secured Parties. 
 “Prime Rate” means a
fluctuating rate of interest per annum as shall be in effect from time-to-time equal to the prime rate of interest publicly announced by the Administrative Agent from time to time as its prime rate in effect at its principal office in New York City,
whether or not the Borrower has notice thereof, when and as said prime rate changes. 
  

 20 

 “Projections” means the Parent’s forecasted consolidated and consolidating:
(a) balance sheets; (b) profit and loss statements; (c) cash flow statements; and (d) capitalization statements, for fiscal years 2006, 2007, 2008 and 2009, and for each fiscal quarter of 2006 and 2007, together with appropriate
supporting details and a statement of underlying assumptions. 
 “Property” of any Person means any interest of such Person
in any property or asset (whether real, personal or mixed, tangible or intangible). 
 “Pro Rata Share” means, with respect
to each Participant at any time, (a) before the Commitments terminate, the ratio (expressed as a percentage) of such Participant’s Commitment to the aggregate Commitments and (b) thereafter, the ratio (expressed as a percentage) of
such Participant’s aggregate outstanding Advances at such time to the aggregate outstanding Advances of all the Participants at such time. The initial Pro Rata Share of each Participant is set forth opposite the name of such Participant on
Schedule 2.01 or in the Assignment and Assumption pursuant to which such Participant becomes a party hereto, as applicable. 
 “Qualified Investment” means expenditures incurred to acquire or repair assets owned (or to be owned) by a Loan Party of the same type as those subject to such Reinvestment Event or equipment or real property owned (or to
be owned) by and useful in the business of a Loan Party. 
 “Regulations T, U, X and D” means Regulations T, U, X, and D of
the Federal Reserve Board, as the same is from time-to-time in effect, and all official rulings and interpretations thereunder or thereof. 
 “Reimbursement Obligations” means all of the obligations of the Borrower to reimburse the Issuing Bank for amounts paid by the Issuing Bank under Letters of Credit as established by the Letter of Credit Applications and
Section 2.01(c). 
 “Reinvestment Deferred Amount” means the aggregate Net Proceeds received by the Parent or
any Subsidiary in connection with an Asset Disposition or an Event of Loss that are duly specified in a Reinvestment Notice as not being required to be initially applied to prepay the LC Advances pursuant to Section 2.08(c)(iii) as a
result of the delivery of such Reinvestment Notice. 
 “Reinvestment Event” means any Asset Disposition or Event of Loss in
respect of which the Borrower has delivered a Reinvestment Notice. 
 “Reinvestment Notice” means a written notice executed
by the Borrower stating that no Default or Event of Default has occurred and is continuing and stating that the Borrower intends and expects to use all or a specified portion of the Net Proceeds of a Reinvestment Event specified in such notice to
make a Qualified Investment. 
 “Reinvestment Prepayment Amount” means with respect to any Reinvestment Event, the
Reinvestment Deferred Amount relating thereto less the portion, if any, thereof expended prior to the relevant Reinvestment Prepayment Date to make a Qualified Investment. 
 “Reinvestment Prepayment Date” means the earlier of (a) the date occurring 90 days after such Reinvestment Event or such longer
period (but not to exceed in any event 180 days) 
  

 21 

 provided that the Parent or its affected Subsidiary is working diligently to acquire or repair assets owned (or to be
owned) (provided that the aggregate Net Proceeds have been deposited into a Blocked Account) and (b) the date on which Borrower shall have determined not to, or shall have otherwise ceased to, make a Qualified Investment with all or any portion
of the relevant Reinvestment Deferred Amount. 
 “Related Parties” means, with respect to any Person, such Person’s
Affiliates and the partners, directors, officers, employees, agents and advisors of such Person and of such Person’s Affiliates. 
 “Release” means any release, spill, emission, leaking, dumping, injection, pouring, deposit, disposal, discharge, dispersal, leaching or migration into or through the environment or within or upon any building, structure,
facility or fixture. 
 “Reportable Event” means any of the events set forth in Section 4043(c) of ERISA. 

“Responsible Officer” for any Person means the Chief Executive Officer, President, Chief Financial Officer, any Executive or Senior
Vice President, Vice President, Treasurer or any other member of senior management of such Person. 
 “Restricted Payment”
means: (a) the declaration or making by the Parent or any Subsidiary of any dividend or other distribution (whether in cash, securities or other property) with respect to any Equity Interest of such Person; (b) any payment (whether in
cash, securities or other property), including any sinking fund or similar deposit, on account of the purchase, redemption, retirement, acquisition, cancellation or termination of any Equity Interests in the Parent or any Subsidiary or any option,
warrant or other right to acquire any such Equity Interests in the Parent or any Subsidiary; (c) any payment or prepayment (scheduled or otherwise) of principal of, premium, if any, or interest on, any Subordinated Debt, or the issuance of a
notice of an intention to do any of the foregoing of the Parent or any Subsidiary; and (d) any management fee, consulting fee, advisory fee, investment banking or transaction fee or commission, bonus, salary, or similar remuneration paid or
payable, or any loans, advances or similar investments made, to any Affiliate of the Parent or any payment to any such Affiliate with respect to any allocation of overhead costs and expenses, excluding salaries, bonuses and commissions payable to
officers, directors and employees and directors’ fees and executive compensation and benefits, in each case, payable in the ordinary course of business consistent with past practice. 
 “Revolving Advance” has the meaning set forth in Section 2.03(b). 
 “Revolving Loan Lender” means Calyon and any successor Revolving Loan Lender pursuant to Section 9.06. 
 “Revolving Loan Sublimit” means $25,000,000 less (a) the aggregate amount of the Letter of Credit Exposure related to Financial
Letters of Credit and Documentary Letters of Credit and (b) the aggregate amount of LC Advances. 
 “S&P” means
Standard & Poor’s Rating Agency Group, a division of Mc-Graw Hill Companies, Inc., or any successor that is a national credit rating organization. 
  

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 “Sale and Leaseback Transaction” means a transaction or series of transactions pursuant
to which the Parent or any Subsidiary shall sell or transfer to any Person (other than the Parent or a Subsidiary) any Property, whether now owned or hereafter acquired, and, as part of the same transaction or series of transactions, the Parent or
such Subsidiary shall rent or lease as lessee (other than pursuant to a capital lease), or similarly acquire the right to possession or use of, such Property. 
 “SEC” means the Securities and Exchange Commission, and any successor entity. 
 “Secured Parties” means the Administrative Agent, the Collateral Agent, the Deposit Bank, the Participants, the Issuing Bank, the Swap Counterparties and the beneficiaries of each indemnification obligation undertaken by
any Loan Party under any Loan Document. 
 “Security Agreement” means the Security Agreement in substantially the form of
Exhibit I among one or more of the Loan Parties and the Collateral Agent for the benefit of the Secured Parties, and each other document, instrument or agreement executed by any Loan Party in connection therewith in order to comply with the
Legal Requirements of any jurisdiction other than the United States of America or any state thereof. 
 “Security Documents”
means the Security Agreement, the Pledge Agreement, the Mortgages and each other document, instrument or agreement executed in connection therewith or otherwise executed in order to secure all or a portion of the Obligations. 
 “Senior Leverage Ratio” means (a) as of the last day of the fiscal quarter ending December 31, 2006, the ratio of
(i) Consolidated Senior Debt as of such day to (ii) Consolidated EBITDA for the fiscal quarter then ended; (b) as of the last day of the fiscal quarter ending March 31, 2007, the ratio of (i) Consolidated Senior Debt as of
such day to (ii) Consolidated EBITDA for the two fiscal quarter period then ended; (c) as of the last day of the fiscal quarter ending June 30, 2007, the ratio of (i) Consolidated Senior Debt as of such day to
(ii) Consolidated EBITDA for the three fiscal quarter period then ended; and (d) as of the last day of each fiscal quarter ending on or after September 30, 2007, the ratio of (i) Consolidated Senior Debt as of such day to
(ii) Consolidated EBITDA for the four fiscal quarter period then ended. 
 “Shareholders’ Equity” means, as of any
date of determination, consolidated shareholders’ equity of the Parent and its Subsidiaries as of that date determined in accordance with GAAP. 
 “Subordinated Debt” means any Debt of the Parent or any of its Subsidiaries which is subordinated to their respective obligations under the Loan Documents in a manner satisfactory to the
Administrative Agent and the Majority Participants and which is otherwise on terms and conditions satisfactory to the Administrative Agent and the Majority Participants. 
 “Subsidiary” of a Person means any corporation, association, partnership or other business entity of which more than 50% of the outstanding Equity Interests having by the terms thereof ordinary voting
power under ordinary circumstances to elect a majority of the board of directors or Persons performing similar functions (or, if there are no such directors or Persons, having general voting power) of such entity (irrespective of whether at the time
Equity Interests of any other class or classes of such entity shall or might have voting power upon the occurrence 
  

 23 

 of any contingency) is at the time directly or indirectly owned or controlled by such Person, by such Person and one or
more Subsidiaries of such Person or by one or more Subsidiaries of such Person. Unless otherwise indicated herein, each reference to the term “Subsidiary” shall mean a Subsidiary of the Parent. 
 “Swap Contract” means (a) any and all rate swap transactions, basis swaps, credit derivative transactions, forward rate
transactions, commodity swaps, commodity options, forward commodity contracts, equity or equity index swaps or options, bond or bond price or bond index swaps or options or forward bond or forward bond price or forward bond index transactions,
interest rate options, forward foreign exchange transactions, cap transactions, floor transactions, collar transactions, currency swap transactions, cross-currency rate swap transactions, currency options, spot contracts, or any other similar
transactions or any combination of any of the foregoing (including any options to enter into any of the foregoing), whether or not any such transaction is governed by or subject to any master agreement, and (b) any and all transactions of any
kind, and the related confirmations, which are subject to the terms and conditions of, or governed by, any form of master agreement published by the International Swaps and Derivatives Association, Inc., any International Foreign Exchange Master
Agreement, or any other master agreement (any such master agreement, together with any related schedules, a “Master Agreement”), including any such obligations or liabilities under any Master Agreement. 
 “Swap Counterparty” means any Participant or any Affiliate thereof that is party to a Swap Contract with the Parent or one of its
Subsidiaries. 
 “Swap Termination Value” means, in respect of any one or more Swap Contracts, after taking into account the
effect of any legally enforceable netting agreement relating to such Swap Contracts, (a) for any date on or after the date such Swap Contracts have been closed out and termination value(s) determined in accordance therewith, such termination
value(s), and (b) for any date prior to the date referenced in clause (a), the amount(s) determined as the mark-to-market value(s) for such Swap Contracts, as determined based upon one or more mid-market or other readily available quotations
provided by any recognized dealer in such Swap Contracts (which may include a Participant or any Affiliate of a Participant). 
 “Synthetic Lease Obligation” means the monetary obligation of a Person under (a) a so-called synthetic, off-balance sheet or tax retention lease, or (b) an agreement for the use or possession of Property creating
obligations that do not appear on the balance sheet of such Person but which, upon the insolvency or bankruptcy of such Person, would be characterized as the indebtedness of such Person (without regard to accounting treatment). 
 “Tangible Net Worth” means, as of any date of determination, for the Parent and its Subsidiaries on a consolidated basis,
Shareholders’ Equity of the Parent and its Subsidiaries on that date minus the Intangible Assets of the Parent and its Subsidiaries on that date; provided that, any net income from the Nigerian Operations (or any gain from the sale of
the Nigerian Operations and/or assets) shall be deducted in determining Tangible Net Worth and any net loss from the Nigerian Operations (or any loss from the sale of the Nigerian Operations and/or assets) shall be added in determining Tangible Net
Worth. 
  

 24 

 “Taxes” means all present or future taxes, levies, imposts, duties, deductions,
withholdings, assessments, fees or other charges imposed by any Governmental Authority, including any interest, additions to tax or penalties applicable thereto. 
 “Type” has the meaning set forth in Section 1.04. 
 “UCC”
means the Uniform Commercial Code as in effect on the date hereof in the State of New York, as amended from time to time, and any successor statute. 
 “Unfunded Pension Liability” means the excess of a Pension Plan’s benefit liabilities under Section 4001(a)(16) of ERISA, over the current value of that Pension Plan’s assets,
determined in accordance with the assumptions used for funding the Pension Plan pursuant to Section 412 of the Code for the applicable plan year. 
 “Voting Stock” means, with respect to any Person, Equity Interests of such Person of any class or classes, the holders of which are ordinarily, in the absence of contingencies, entitled to vote for
the election of members of the Board of Directors (or Persons performing similar functions) of such Person. 
 “Wholly-Owned
Subsidiary” of any Person shall mean a subsidiary of such Person of which Equity Interests representing 100% of the Equity Interests are, at the time any determination is being made, owned, controlled or held by such Person or one or more
Wholly-Owned Subsidiaries of such Person or by such Person and one or more Wholly-Owned Subsidiaries of such Person. 
 Section 1.02
Computation of Time Periods. In this Agreement in the computation of periods of time from a specified date to a later specified date, the word “from” means “from and including” and the words “to” and
“until” each means “to but excluding”. 
 Section 1.03 Accounting Terms. 
 (a) For purposes of this Agreement, all accounting terms not otherwise defined herein shall be construed in conformity with, and all financial data
(including financial ratios and other financial calculations) required to be submitted pursuant to this Agreement shall be prepared in conformity with, GAAP applied on a consistent basis, as in effect from time to time, applied in a manner
consistent with that used in preparing the Audited Financial Statements. 
 (b) If at any time any Accounting Change (as defined below) would
affect the computation of any financial ratio or requirement set forth in any Loan Document, and either the Parent or the Majority Participants shall so request, the Administrative Agent, the Participants and the Parent shall negotiate in good faith
to amend such ratio or requirement to preserve the original intent thereof in light of such change in GAAP (subject to the approval of the Majority Participants); provided that, until so amended, (i) such ratio or requirement shall
continue to be computed in accordance with GAAP prior to such change therein and (ii) the Parent shall provide to the Administrative Agent and the Participants financial statements and other documents required under this Agreement or as
reasonably requested hereunder setting forth a reconciliation between calculations of such ratio or requirement made before and after giving effect to such change in GAAP. “Accounting Changes” means: (A) changes in accounting

  

 25 

 principles required by GAAP and implemented by the Borrower; (B) changes in accounting principles recommended by the
Parent’s accountants; and (C) changes in carrying value of the Parent’s or any of its Subsidiaries’ assets, liabilities or equity accounts resulting from any adjustments that, in each case, were applicable to, but not included
in, the Audited Financial Statements. 
 (c) In addition, all calculations and defined accounting terms used herein shall, unless expressly
provided otherwise, when referring to any Person, refer to such Person on a consolidated basis and mean such Person and its consolidated subsidiaries. 
 Section 1.04 Classes and Types of Advances. Advances are distinguished by “Class” and “Type”. The “Class” of an Advance refers to the determination of whether such Advance is
a LC Advance or Revolving Advance, each of which constitutes a Class. The “Type” of a LC Advance refers to the determination whether such Advance is a Eurodollar LC Advance or a Base Rate LC Advance, each of which constitutes a Type.

 Section 1.05 Miscellaneous. The definitions of terms herein shall apply equally to the singular and plural forms of the terms
defined. Whenever the context may require, any pronoun shall include the corresponding masculine, feminine and neuter forms. The words “include,” “includes” and “including” shall be deemed to be followed by the phrase
“without limitation.” The word “will” shall be construed to have the same meaning and effect as the word “shall.” Unless the context requires otherwise (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, supplemented or otherwise modified (subject to any restrictions on such amendments, supplements or
modifications set forth herein), (b) any reference herein to any Person shall be construed to include such Person’s successors and assigns, (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.

 ARTICLE II 
 LETTERS
OF CREDIT AND REVOLVING ADVANCES 
 Section 2.01 Letters of Credit. 
 (a) Issuance. Subject to the terms of this Agreement, from time-to-time from the Closing Date until the fifth Business Days before the Maturity
Date, at the request of the Borrower, the Issuing Bank shall, on the terms and conditions hereinafter set forth, issue, increase, or extend the expiration date of Letters of Credit (any such issuance, increase of the stated amount or extension of
the expiration date, an “Issuance Event”) for the account of the 
  

 26 

 Borrower or for the account of any Guarantor (in which case the Borrower and such Guarantor shall be co-applicants with
respect to such Letter of Credit) on any Business Day. No Letter of Credit will be issued, increased, or extended unless: 
 (i) after giving effect to such Issuance Event the sum of the Letter of Credit Exposure of all Participants and the outstanding Revolving Advances would not exceed the aggregate Commitments of all Participants at the time of such proposed
Issuance Event; 
 (ii) after giving effect to such Issuance Event the sum of (A) the Letter of Credit Exposure with
respect to Financial Letters of Credit and Documentary Letters of Credit and (B) the outstanding Advances would not exceed $25,000,000; 
 (iii) such Letter of Credit has an expiration date not later than five Business Days prior to the Maturity Date; provided that, any such Letter of Credit with a one-year tenor may expressly provide that it
is renewable at the option of the Issuing Bank for additional one-year periods (which shall in no event extend beyond the Maturity Date), provided that such Letter of Credit is cancelable upon at least 30 days’ notice given by the
Issuing Bank to the beneficiary of such Letter of Credit; 
 (iv) such Letter of Credit is in form and substance acceptable to
the Issuing Bank in its reasonable discretion; 
 (v) the Borrower has delivered to the Issuing Bank a completed and executed
Letter of Credit Application and a completed Letter of Credit Request; and 
 (vi) such Letter of Credit is governed by the
Uniform Customs and Practice for Documentary Credits (1993 Revision), International Chamber of Commerce Publication No. 500 or any successor to such publication. If the terms of any letter of credit application referred to in the foregoing
clause (iv) conflicts with the terms of this Agreement, the terms of this Agreement shall control. 
 (b) Participations. Upon
the date of any Issuance Event (including in the case of each Existing Letter of Credit, the deemed Issuance Event with respect thereto on the Closing Date), the Issuing Bank shall be deemed to have sold to each other Participant and each other
Participant shall have been deemed to have purchased from the Issuing Bank a participation in the related Letter of Credit Obligations equal to such Participant’s Pro Rata Share at such date. In consideration and in furtherance of the
foregoing, each Participant hereby absolutely and unconditionally agrees to pay to the Administrative Agent, for the account of the Issuing Bank, such Participant’s Pro Rata Share of each LC Disbursement pursuant to a Letter of Credit and not
reimbursed by the Borrower (or, if applicable, another party pursuant to its obligations under any other Loan Document) forthwith on the date due as provided in Section 2.01(c). Each Participant acknowledges and agrees that its
obligation to acquire participations pursuant to this paragraph in respect of Letters of Credit is absolute and unconditional and shall not be affected by any circumstance whatsoever, including the occurrence and continuance of a Default or an Event
of Default, and that each such payment shall be made without any offset, abatement, withholding or reduction whatsoever. The Issuing Bank shall promptly notify the Administrative 
  

 27 

 Agent upon receipt of any Letter of Credit Request and shall promptly deliver to the Administrative Agent copies of any
such request together with copies of drafts (followed up by copies of the original) of the Letter of Credit or proposed Letter of Credit subject thereto. The Issuing Bank shall, promptly following its receipt thereof, examine all documents
purporting to represent a demand for payment under a Letter of Credit. The Issuing Bank shall as promptly as possible give telephonic notification, confirmed by fax, to the Administrative Agent and the Borrower of such demand for payment and whether
the Issuing Bank has made or will make disbursement thereunder; provided that any failure to give or delay in giving such notice shall not relieve the Borrower of its obligation to reimburse the Issuing Bank and the Participants with respect
to any such LC Disbursement. The Administrative Agent shall promptly give each Participant notice thereof. 
 (c) Reimbursement. The
Borrower hereby agrees to pay on demand to the Issuing Bank in respect of each Letter of Credit issued for its account an amount equal to any LC Disbursement in respect of such Letter of Credit. In the event the Issuing Bank makes a LC Disbursement
pursuant to a request for draw presented under a Letter of Credit and such LC Disbursement is not promptly reimbursed by the Borrower on the next Business Day, the Issuing Bank shall give notice of such failure to pay to the Administrative Agent and
the Participants, and each Participant shall promptly reimburse the Issuing Bank for such Participant’s Pro Rata Share of such LC Disbursement, and, in satisfaction of that obligation, hereby irrevocably authorizes the Administrative Agent to
withdraw a portion of its Deposits in an amount equal to such Participant’s Pro Rata Share of such LC Disbursement and pay the same over to the Administrative Agent, and such reimbursement shall be deemed for all purposes of this Agreement to
constitute a Borrowing comprised of Base Rate LC Advances to the Borrower from such Participant. The Deposit Bank hereby agrees to effect the withdrawal referred to in the immediately preceding sentence and all other withdrawals and payments
requested by the Administrative Agent pursuant to, and in accordance with, the terms of this Agreement. The Borrower hereby unconditionally and irrevocably authorizes, empowers, and directs the Administrative Agent and the Participants to record and
otherwise treat such payment under a Letter of Credit not immediately reimbursed by the Borrower as a Borrowing comprised of Base Rate LC Advances; provided that if the Acceleration Date shall have occurred prior to the reimbursement pursuant
to this Section 2.01(c) of any LC Disbursement made, then no LC Advance shall be deemed to have been made and the Borrower will not be relieved of its Reimbursement Obligations with respect to such LC Disbursement. Promptly following
receipt by the Administrative Agent of any payment from the Borrower pursuant to this paragraph, the Administrative Agent shall distribute such payment to the Issuing Bank or, to the extent that Participants have made payments pursuant to this
paragraph to reimburse the Issuing Bank for LC Disbursement, then to such Participants and the Issuing Bank as their interests may appear (it being understood and agreed that any such payment to be made pursuant to this Section 2.01(c)
to a Participant shall be made to the Administrative Agent for the account of such Participant and paid over to the Deposit Bank for deposit in the Deposit Account). In the event that any Reimbursement Obligation is not satisfied on the date on
which the applicable LC Disbursement was made, the Borrower shall pay interest on the unpaid amount of such Reimbursement Obligation (i) if the Acceleration Date shall have occurred, at the rate payable under Section 2.07(d),
payable on demand and (ii) if the Acceleration Date shall not have occurred, at the Deposit Rate then in effect, payable within two Business Days of receipt by the Borrower of request therefor. 
  

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 (d) Obligations Unconditional. The obligations of the Borrower under this Agreement in respect of
each Letter of Credit shall be absolute, unconditional and irrevocable, and shall be paid strictly in accordance with the terms of this Agreement under all circumstances, notwithstanding the following circumstances: 
 (i) any lack of validity or enforceability of any Letter of Credit Documents, any Loan Document, or any term or provision therein;

 (ii) any amendment or waiver of or any consent to departure from all or any of the provisions of any Letter of Credit
Document or any Loan Document; 
 (iii) the existence of any claim, set-off, defense or other right which the Borrower, any
other party guaranteeing, or otherwise obligated with, the Borrower, any subsidiary or other Affiliate thereof or any other Person may have at any time against any beneficiary or transferee of such Letter of Credit (or any Persons for whom any such
beneficiary or any such transferee may be acting), the Issuing Bank, any Participant or any other Person, whether in connection with this Agreement, any other Loan Document, the transactions contemplated in this Agreement or in any Letter of Credit
Documents or any unrelated transaction; 
 (iv) any draft or other document presented under a Letter of Credit proving to be
forged, fraudulent, invalid or insufficient in any respect or any statement therein being untrue or inaccurate in any respect; 
 (v) payment by the Issuing Bank under such Letter of Credit against presentation of a draft or certificate which does not strictly comply with the terms of such Letter of Credit; or 
 (vi) any other act or omission to act or delay of any kind of the Issuing Bank, the Administrative Agent the Participants or any other
Person or any other event, circumstance or happening whatsoever, whether or not similar to any of the foregoing, that might, but for the provisions of this Section, constitute a legal or equitable discharge of the Borrower’s obligations
hereunder. 
 Without limiting the generality of the foregoing, it is expressly understood and agreed that the absolute and unconditional obligation of the
Borrower hereunder to reimburse each payment or disbursement made by an Issuing Bank pursuant to a Letter of Credit will not be excused by the gross negligence of the Issuing Bank. 
 (e) Liability of Issuing Bank. The Borrower assumes all risks of the acts or omissions of any beneficiary or transferee of any Letter of Credit
with respect to its use of such Letter of Credit. Neither the Issuing Bank nor any of its officers or directors shall be liable or responsible for: 
 (i) the use which may be made of any Letter of Credit or any acts or omissions of any beneficiary or transferee in connection therewith; 
  

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 (ii) the validity, sufficiency or genuineness of documents, or of any endorsement
thereon, even if such documents should prove to be in any or all respects invalid, insufficient, fraudulent or forged; 
 (iii) payment by the Issuing Bank against presentation of documents which do not comply with the terms of a Letter of Credit; or 
 (iv) any other circumstances whatsoever in making or failing to make payment under any Letter of Credit (including the Issuing Bank’s own negligence), 
 except that the Borrower shall have a claim against the Issuing Bank, and the Issuing Bank shall be liable to, and shall promptly pay to, the Borrower, to the
extent of any direct, as opposed to consequential (claims in respect of which are hereby waived by the Borrower to the extent permitted by applicable law), damages suffered by the Borrower which the Borrower prove were caused by (A) the Issuing
Bank’s willful misconduct or gross negligence in determining whether documents presented under a Letter of Credit strictly comply with the terms of such Letter of Credit, (B) in the event the Issuing Bank did not follow its own standard
operating procedures in all material respects or (C) the Issuing Bank has honored a Letter of Credit in violation of, to its knowledge, applicable law or court order. It is understood that the Issuing Bank may accept documents that appear on
their face to be in order, without responsibility for further investigation, regardless of any notice or information to the contrary and, in making any payment under any Letter of Credit (A) the Issuing Bank’s exclusive reliance on the
documents presented to it under such Letter of Credit as to any and all matters set forth therein, including reliance on the amount of any draft presented under such Letter of Credit, whether or not the amount due to the beneficiary thereunder
equals the amount of such draft and whether or not any document presented pursuant to such Letter of Credit proves to be insufficient in any respect, if such document on its face appears to be in order, and whether or not any other statement or any
other document presented pursuant to such Letter of Credit proves to be forged or invalid or any statement therein proves to be inaccurate or untrue in any respect whatsoever and (B) any noncompliance in any immaterial respect of the documents
presented under such Letter of Credit with the terms thereof shall, in each case, be deemed not to constitute willful misconduct or gross negligence of the Issuing Bank. 
 Section 2.02 Deposit. 
 (a) On the Closing Date, subject to the satisfaction of the conditions
precedent set forth in Article III and unless otherwise agreed by the Issuing Bank and the relevant Participants, each Participant shall deposit with the Deposit Bank such Participant’s Deposit in the amount of its Commitment. The
Deposits shall be held by the Deposit Bank in (or credited to) the Deposit Account, and no Person other than the Deposit Bank shall have a right of withdrawal from the Deposit Account or any other right or power with respect to the Deposits.
Notwithstanding anything herein to the contrary, the obligation of each Participant in respect of its participation in Letters of Credit and Revolving Advances shall be satisfied in full upon the funding of its Deposit. Each of the Deposit Bank, the
Administrative Agent, the Issuing Bank and each Participant hereby acknowledges and agrees (i) that each Participant is funding its Deposit to the Deposit Bank for application in the manner contemplated by Section 2.01(c) and
Section 2.03(b), (ii) the Deposit Bank may invest the Deposits in such investments as may be determined from 
  

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 time to time by the Deposit Bank so as to earn a return equal to at least the Deposit Rate described in the following
clause (iii) or as provided in Section 2.02(c) and (iii) the Deposit Bank hereby agrees to pay to each Participant a return on its Deposit (except as otherwise provided in Sections 2.02(c) and (d)) equal at any
time to the Deposit Rate at such time, payable quarterly in arrears on or before the later of (A) the last Business Day of each March, June, September and December and (B) the same Business Day that the Participants receive payment of the
Facility Fees pursuant to Section 2.04(b), commencing with the first such date to occur after the Closing Date, and on the Maturity Date. 
 (b) No Loan Party shall have any right, title or interest in or to the Deposit Account or the Deposits and no Loan Party shall have any obligations with respect thereto (except (x) to refund portions thereof used
to reimburse the Issuing Bank with respect to LC Disbursements under a Letter of Credit as provided in Section 2.01(c), (y) to repay outstanding LC Advances or (z) to repay outstanding Revolving Advances), it being acknowledged
and agreed by the parties hereto that the funding of the Deposits by the Participants, and the application of the Deposits in the manner contemplated by Section 2.01(c) constitute agreements among the Deposit Bank, the Administrative
Agent, the Issuing Bank and each Participant with respect to the participation in the Letters of Credit and do not constitute any loan or extension of credit to the Borrower. 
 (c) If the Deposit Bank is not offering Dollar deposits (in the applicable amounts) in the London interbank market, or the Deposit Bank reasonably
determines that adequate and fair means do not otherwise exist for ascertaining the Deposit Rate, then the Deposits (or such parts, as applicable) shall be invested so as to earn a return equal to the greater of the Federal Funds Effective Rate and
a rate reasonably determined by the Deposit Bank in accordance with banking industry rules on interbank compensation and the Deposit Bank hereby agrees to pay such greater amount to each Participant on its Deposit. 
 (d) If any Advance is repaid by the Borrower, or if any LC Disbursement under a Letter of Credit that has been funded by the Participants from the
Deposits as provided in Section 2.01(c) shall be reimbursed by the Borrower, on a day other than on the last day of a Deposit Period, the Administrative Agent shall, upon receipt thereof, pay over such amounts to the Deposit Bank which
will invest such amounts in overnight or short-term cash equivalent investments until the end of the Deposit Period at the time in effect and the Borrower shall pay to the Deposit Bank, upon the Deposit Bank’s request therefor, the amount, if
any, by which the interest which would have accrued on a like amount of Deposits through the end of the then-current Deposit Period shall exceed the interest earned through the investment of the amount so reimbursed for the period from the date of
such reimbursement through the end of the applicable Deposit Period, as determined by the Deposit Bank (such determination shall, absent manifest error, be presumed correct and binding on all parties hereto). In the event that the Borrower shall
fail to pay any amount due under this Section 2.02(d), the interest payable by the Deposit Bank to the Participants on their Deposits under Section 2.02(a) shall be correspondingly reduced and the Participants shall without
further act succeed, ratably in accordance with their Pro Rata Share, to the rights of the Deposit Bank with respect to such amount due from the Borrower. All repayments or prepayments of Advances and all reimbursements of LC Disbursements under a
Letter of Credit that has been funded by the Participants from the Deposits, in each case received by the Administrative Agent prior to the termination of the Commitments, shall be paid over to the Deposit Bank, for the ratable benefit of the
Participants, and the Deposit Bank will deposit same in the Deposit Account. 
  

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 Section 2.03 Advances. 
 (a) LC Advances. Each Participant severally agrees, on the terms and conditions set forth in this Agreement, to make LC Advances to the Borrower as
required by and in accordance with Section 2.01(c) during the period from the Closing Date to the Maturity Date (or, if earlier, the Acceleration Date) in an amount not to exceed such Participant’s Commitment. 
 (b) Revolving Advances. 
 (i) The Revolving Loan Lender agrees, on the terms and conditions set forth in this Agreement, to make Revolving Advances to the Borrower during the period from the Closing Date to the Maturity Date (or, if earlier, the Acceleration Date)
in an amount not to exceed the Revolving Loan Sublimit. Each Revolving Advance shall be in an aggregate amount not less than $2,000,000 and in integral multiples of $1,000,000 in excess thereof. Within the Revolving Loan Sublimit, the Borrower may
from time to time borrow, prepay pursuant to Section 2.08 and reborrow under this Section 2.03(b). 
 (ii) Each Revolving Advance shall be made pursuant to a Notice of Borrowing, given not later than (i) if such Advance is a Eurodollar Advance, 10:00 a.m. (New York time) on the third Business Day before the requested Borrowing
Date and (ii) if such Advance is a Base Rate Advance, 10:00 a.m. (New York time) on the requested Borrowing Date, in each case to the Administrative Agent’s Applicable Lending Office. The Administrative Agent shall give to the Revolving
Loan Lender and each Participant prompt notice on the day of receipt of a timely Notice of Borrowing. The Notice of Borrowing shall be in writing specifying (A) the Borrowing Date (which shall be a Business Day), (B) the requested Type of
Revolving Advances, (C) the aggregate amount of such Borrowing, and (D) if such Borrowing is to be comprised of Eurodollar Advances, the requested Interest Period. After the Administrative Agent’s receipt of such funds and upon
fulfillment of the applicable conditions set forth in Article III, the Administrative Agent will promptly make such funds available to the Borrower not later than 2:00 p.m. (New York time) at such account as the Borrower shall specify in
writing to the Administrative Agent. 
 (iii) Upon the date of any Revolving Advance, the Revolving Loan Lender shall be
deemed to have sold to each other Participant and each other Participant shall have been deemed to have purchased from the Revolving Loan Lender a participation in the Obligations related to such Revolving Advance equal to such Participant’s
Pro Rata Share at such date. Each Participant acknowledges and agrees that its obligation to acquire participations pursuant to this paragraph in respect of Revolving Advances is absolute and unconditional and shall not be affected by any
circumstance whatsoever, including the occurrence and continuance of a Default or an Event of Default, and that each such payment shall be made without any offset, abatement, withholding or reduction whatsoever. 
  

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 (iv) The Revolving Loan Lender at any time in its sole and absolute discretion may
request that each Participant promptly reimburse the Revolving Loan Lender for such Participant’s Pro Rata Share of such Revolving Advance, and, in satisfaction of that obligation, hereby irrevocably authorizes the Administrative Agent to
withdraw a portion of its Deposits (if any) in an amount equal to such Participant’s Pro Rata Share of such Revolving Advance and pay the same over to the Revolving Loan Lender. The Deposit Bank hereby agrees to effect the withdrawal referred
to in the immediately preceding sentence and all other withdrawals and payments requested by the Revolving Loan Lender pursuant to, and in accordance with, the terms of this Agreement. Promptly following receipt by the Administrative Agent of any
payment from the Borrower pursuant to this paragraph, the Administrative Agent shall distribute such payment to the Revolving Loan Lender or, to the extent that Participants have made payments pursuant to this paragraph to reimburse the Revolving
Loan Lender for Revolving Advances, then to such Participants and the Revolving Loan Lender as their interests may appear (it being understood and agreed that any such payment to be made pursuant to this Section 2.03(b) to a Participant
shall be made to the Administrative Agent for the account of such Participant and paid over to the Deposit Bank for deposit in the Deposit Account). The Borrower shall pay interest on the unpaid amount of such Revolving Advance (i) if the
Acceleration Date shall have occurred, at the rate payable under Section 2.07(d), payable on demand and (ii) if the Acceleration Date shall not have occurred, at the Deposit Rate then in effect, payable within two Business Days of
receipt by the Borrower of request therefor. 
 (c) Increase in Commitments. 
 (i) Request for Increase. Provided there exists no Default or Event of Default, upon notice to, and with the consent of, the
Administrative Agent (which shall promptly notify the Participants), the Borrower may from time to time request an increase in the aggregate Commitments by an amount (for all such requests) not exceeding $50,000,000; provided that
(A) any such request for an increase shall be in a minimum amount of $25,000,000, and (B) the Borrower may make a maximum of two such requests. At the time of sending such notice, the Borrower (in consultation with the Administrative
Agent) shall specify the time period within which each Participant is requested to respond (which shall in no event be less than ten Business Days from the date of delivery of such notice to the Participants). 
 (ii) Participant Elections to Increase. Each Participant shall notify the Administrative Agent within such time period whether or
not it agrees to increase its Commitment and, if so, whether by an amount equal to, greater than, or less than its Pro Rata Share of such requested increase. Any Participant not responding within such time period shall be deemed to have declined to
increase its Commitment. 
 (iii) Notification by Administrative Agent; Additional Participants. The Administrative
Agent shall notify the Borrower of the Participants’ responses to each request made hereunder. To achieve the full amount of a requested increase and subject to the approval of the Administrative Agent and the Issuing Bank (which approvals
shall not be unreasonably withheld), the Borrower may also invite additional Eligible Assignees to become Participants pursuant to a joinder agreement in form and substance reasonably satisfactory to the Administrative Agent. 
  

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 (iv) Effective Date and Allocations. If the aggregate Commitments are increased in
accordance with this Section, the Administrative Agent and the Borrower shall determine the effective date (the “Increase Effective Date”) and the final allocation of such increase. The Administrative Agent shall promptly notify the
Borrower and the Participants of the final allocation of such increase and the Increase Effective Date. 
 (v) Conditions
to Effectiveness of Increase. As a condition precedent to such increase, the Borrower shall deliver to the Administrative Agent a certificate of the Borrower and each Guarantor dated as of the Increase Effective Date signed by a Responsible
Officer of such Person (i) certifying and attaching the resolutions adopted by such Person approving or consenting to such increase, (ii) in the case of the Borrower, certifying that, before and after giving effect to such increase,
(A) the representations and warranties contained in Article IV and the other Loan Documents are true and correct on and as of the Increase Effective Date, except to the extent that such representations and warranties specifically refer
to an earlier date, in which case they are true and correct as of such earlier date, and except that for purposes of this Section 2.03(c), the representations and warranties contained in Section 4.05 shall be deemed to refer
to the most recent statements furnished pursuant to clauses (a) and (b), respectively, of Section 5.06, and (B) no Default exists. The Borrower shall prepay any Advances outstanding on the Increase Effective Date
(and pay any additional amounts required pursuant to Section 2.09) to the extent necessary to keep the outstanding Advances ratable with any revised Pro Rata Shares arising from any nonratable increase in the Commitments under this
Section. 
 (vi) Conflicting Provisions. This Section shall supersede any provisions in Sections 2.13 or
10.01 to the contrary. 
 (d) Interest Elections. Each LC Advance shall initially be deemed to be a single Borrowing of a
Eurodollar LC Advance with an Interest Period ending on the last day of the Deposit Period then in effect. Thereafter, in order to elect to Convert or Continue Advances under this Section, the Borrower shall deliver an irrevocable Notice of
Conversion or Continuation to the Administrative Agent at its Applicable Lending Office no later than (i) 10:00 a.m. (New York time) at least one Business Day in advance of such requested Conversion date in the case of a Conversion of a
Eurodollar Advance to a Base Rate Advance or (ii) 10:00 a.m. (New York time) at least three Business Days in advance of such requested Conversion date in the case of a Conversion into or Continuation of a Eurodollar Advance to another
Eurodollar Advance. Each such Notice of Conversion or Continuation shall be in writing or by telex, telecopier or telephone, confirmed promptly in writing specifying (A) the requested Conversion or Continuation date (which shall be a Business
Day), (B) the amount, Class, and Type of the Advance to be Converted or Continued, (C) whether a Conversion or Continuation is requested, and if a Conversion, into what Type of Advance, and (D) in the case of a Conversion to, or a
Continuation of, a Eurodollar Advance, the requested Interest Period. Promptly after receipt of a Notice of Conversion or Continuation under this paragraph, the Administrative Agent shall provide each Participant with a copy thereof and, in the case
of a Conversion to or a 
  

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 Continuation of a Eurodollar Advance, notify each Participant of the interest rate under
Sections 2.07(a)(ii). Notwithstanding anything in this Agreement to the contrary, Conversions of Eurodollar Advances may only be made at the end of the applicable Interest Period for such Advances; provided, however, that
Conversions of Base Rate Advances may be made at any time. The portion of Advances comprising part of the same Borrowing that are converted to Advances of another Type shall constitute a new Borrowing. 
 (e) Certain Limitations. Notwithstanding anything in paragraph (d) above: 
 (i) at no time shall there be more than four Interest Periods applicable to outstanding Eurodollar Advances; 
 (ii) if any Participant shall, at least one Business Day before the date of any requested Borrowing, notify the Administrative Agent that
any Change in Law makes it unlawful for such Participant or any of its Applicable Lending Offices to perform its obligations under this Agreement to make Eurodollar Advances, or to fund or maintain Eurodollar Advances, the right of the Borrower to
select Eurodollar Advances from such Participant for such Borrowing or for any subsequent Borrowing shall be suspended until such Participant shall notify the Administrative Agent that the circumstances causing such suspension no longer exist, and
such Participant’s Advance for such Borrowing shall be a Base Rate Advance; 
 (iii) if the Administrative Agent is
unable to determine the Eurodollar Rate for any requested Borrowing and the Administrative Agent gives telephonic or telecopy notice thereof to the Borrower as soon as practicable, the right of the Borrower to select Eurodollar Advances or for any
subsequent Borrowing and the obligation of the Participants to make such Eurodollar Advances shall be suspended until the Administrative Agent shall notify the Borrower and the Participants that the circumstances causing such suspension no longer
exist, and each Advance comprising such Borrowing shall be a Base Rate Advance; 
 (iv) if the Majority Participants shall, by
11:00 a.m. (New York time) at least one Business Day before the date of any requested Borrowing, notify the Administrative Agent that the Eurodollar Rate will not adequately reflect the cost to such Participants of making or funding their respective
Eurodollar Advances and the Administrative Agent gives telephonic or telecopy notice thereof to the Borrower as soon as practicable, the right of the Borrower to select Eurodollar Advances for such Borrowing or for any subsequent Borrowing and the
obligation of the Participants to make Eurodollar Advances shall be suspended until the Administrative Agent shall notify the Borrower and the Participants that the circumstances causing such suspension no longer exist, and each Advance comprising
such Borrowing shall be a Base Rate Advance; 
 (v) if the Borrower shall fail to select the duration or Continuation of any
Interest Period for any Eurodollar Advances in accordance with the provisions contained in the definition of “Interest Period” in Section 1.01 and paragraph (d) above or shall fail to deliver a Notice of Conversion or
Continuation, the Administrative Agent will forthwith so notify the Borrower and the Participants and such Advances will be made available to the Borrower on the date of such Borrowing as Base Rate Advances or, if such Advance is an existing
Eurodollar Advance, Convert into Base Rate Advances; and 
  

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 (vi) no Advance may be Converted or Continued as a Eurodollar Advance at any time when a
Default or an Event of Default has occurred and is continuing. 
 (f) Notices Irrevocable. Each Notice of Conversion or Continuation
delivered by the Borrower shall be irrevocable and binding on the Borrower. In the case of any Borrowing which the related Notice of Conversion or Continuation specifies is to be comprised of Eurodollar Advances, the Borrower shall indemnify each
Participant against any loss, out-of-pocket cost or expense actually incurred by such Participant as a result of any failure to fulfill on or before the date specified in such Notice of Conversion or Continuation for such Borrowing the applicable
conditions set forth in Article III, including, without limitation, any loss, cost or expense actually incurred by reason of the liquidation or reemployment of deposits or other funds acquired by such Participant to fund the Advance to be
made by such Participant as part of such Borrowing when such Advance, as a result of such failure, is not made on such date. 
 (g)
Noteless Agreement; Evidence of Indebtedness. 
 (i) Each Participant shall maintain in accordance with its usual
practice an account or accounts evidencing the indebtedness of the Borrower to such Participant resulting from the Advances made by such Participant from time to time, including the amounts of principal and interest payable and paid to such
Participant from time to time hereunder. 
 (ii) The Administrative Agent shall also maintain accounts in which it will record
(A) the amount of each Advance made hereunder, the Class and Type thereof and the Interest Period with respect thereto, (B) the amount of any principal or interest due and payable or to become due and payable from the Borrower to each
Participant hereunder and (C) the amount of any sum received by the Administrative Agent hereunder from the Borrower and each Participant’s share thereof. 
 (iii) The entries maintained in the accounts maintained pursuant to paragraphs (i) and (ii) above shall be conclusive evidence
of the existence and amounts of the Obligations therein recorded absent manifest error; provided, however, that the failure of the Administrative Agent or any Participant to maintain such accounts or any error therein shall not in any
manner affect the obligation of the Borrower to repay the Obligations in accordance with their terms. 
 (iv) Any Participant
may request that the Advances owing to such Participant be evidenced by a Note. In such event, the Borrower shall execute and deliver to such Participant a Note payable to the order of such Participant and its registered assigns. Thereafter, the
Advances evidenced by such Note and interest thereon shall at all times (including after any assignment pursuant to Section 10.06) be represented by one or more Notes payable to the order of the payee named therein or any assignee
pursuant to Section 10.06, except to the extent that any such Participant or assignee subsequently returns any such Note for cancellation and requests that such Advances once again be evidenced as described in paragraphs (i) and
(ii) above. 
  

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 Section 2.04 Fees. 
 (a) Agent’s Fees. The Borrower agrees to pay to the Administrative Agent and the Arranger the fees as separately agreed upon by the Borrower
in the Fee Letter. 
 (b) Facility Fees. The Borrower agrees to pay to the Administrative Agent for the account of each Participant a
facility fee (a “Facility Fee”) on the aggregate Commitments at a rate per annum equal to 5.00%. The Facility Fees payable pursuant to this clause (b) are due quarterly in arrears on or before the later of (i) the last
Business Day of each March, June, September and December and (ii) five Business Days after receipt by the Borrower of an invoice therefor, commencing with the first such date to occur after the Closing Date, and on the Maturity Date. In the
event that the Borrower obtains a rating from S&P and Moody’s greater than B and B2, respectively, then the Facility Fee rate per annum shall be automatically reduced to 2.75%. 
 (c) [Reserved]. 
 (d) Letter of
Credit Fees. 
 (i) The Borrower agrees to pay to the Issuing Bank a fronting fee equal to 0.125% per annum of the
aggregate Commitments. In addition, the Borrower agrees to pay to the Issuing Bank a fronting fee for each Documentary Letter of Credit or Financial Letter of Credit equal to a percentage rate per annum to be agreed upon of the initial stated amount
of such Letter of Credit (or, with respect to any subsequent increase to the stated amount of any such Letter of Credit, such increase in the stated amount). Such fee shall be based on the maximum amount available to be drawn from time to time under
such Letter of Credit from the date of issuance of the Letter of Credit until its expiration date. Each such fee shall be payable quarterly in arrears on or before the later of (A) the last Business Day of each March, June, September and
December and (B) five Business Days after receipt by the Borrower of an invoice therefor, commencing with the first such date to occur after the Closing Date, until the earlier of its expiration date or the Maturity Date. All such fees shall be
computed on the basis of the actual number of days elapsed in a year of 360 days. 
 (ii) In addition, the Borrower agrees to
pay to the Issuing Bank all customary transaction costs and fees charged by the Issuing Bank in connection with the issuance, amendment, renewal, extension, advising, confirmation or transfer of a Letter of Credit for the Borrower’s account,
such costs and fees to be due and payable on the date specified by the Issuing Bank in the invoice for such costs and fees. 
 (e)
Commitment Reduction Premium. If any Commitment reduction or termination pursuant to Section 2.05 occurs on or before the first anniversary of the Closing Date, then on the date of such Commitment reduction or termination the
Borrower shall pay to the Administrative Agent for the account of the Participants a prepayment premium equal to 2.0% of the amount of such Commitment reduction or termination. 
  

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 (f) Generally. All such fees shall be paid on the dates due, in immediately available Dollars to
the Administrative Agent for distribution, if and as appropriate, among the Participants, except that the fees payable pursuant to Section 2.04(d)(i) and (ii) shall be paid directly to the Issuing Bank. Once paid, absent
manifest error, none of these fees shall be refundable under any circumstances. 
 Section 2.05 Reduction of the Commitments.

 (a) The Borrower shall have the right, upon at least five Business Days’ irrevocable notice to the Administrative Agent, to terminate
in whole or reduce ratably in part the unused portion of the Commitments; provided that each partial reduction of Commitments shall be in the minimum aggregate amount of $5,000,000 and in integral multiples of $1,000,000 in excess thereof (or
such lesser amount as may then be outstanding); and provided further that, except as otherwise provided in (b) and (c) below, the aggregate amount of the Commitments may not be reduced below the sum of the aggregate principal
amount of the outstanding Advances and the Letter of Credit Exposure. 
 (b) The Commitments shall be reduced by the amount of each mandatory
prepayment required to be made pursuant to Section 2.08(c)(iii) or (iv). 
 (c) To the extent that a Commitment reduction
made in accordance with Section 2.05(a) or (b) would result in the Letter of Credit Exposure of any Participant exceeding such Participant’s Commitment, the Borrower shall reduce the Letter of Credit Exposure such that
after giving effect to such reduction such excess has been eliminated. Such reductions shall be made to the extent necessary by first prepaying such Participant’s Advances outstanding at such time, and second depositing in the LC
Cash Collateral Account an amount of cash equal to 105% of the remaining excess to be held by the Collateral Agent as collateral and applied to satisfy drawings under Letters of Credit as they occur. At the time of any reduction or termination of
the Commitments of any Participant pursuant to this Section 2.05 or on the Maturity Date, the Administrative Agent shall request the Deposit Bank to withdraw from the Deposit Account and to pay the same over to it, and shall return to
such Participant, the Participant’s Deposits in an aggregate amount equal to such reduction (or the amount of the Commitment being terminated) and the Deposit Bank agrees that it shall make such withdrawal. Any reduction or termination of the
Commitments pursuant to this Section 2.05 shall be permanent, with no obligation of the Revolving Participants to reinstate such Commitments and the facility fees provided for in Section 2.04(b) shall thereafter be computed
on the basis of the Commitments as so reduced. The Administrative Agent shall give each Participant prompt notice of any commitment reduction or termination. 
 Section 2.06 Repayment. The Borrower shall repay the outstanding principal amount of the Advances and any outstanding Reimbursement Obligations on the Maturity Date. 
 Section 2.07 Interest. The Borrower shall pay interest on the unpaid principal amount of each Advance made by each Participant to it from the
date of such Advance until such principal amount shall be paid in full, at the following rates per annum: 
 (a) Advances. 

 

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 (i) Base Rate Advances. If such Advance is a Base Rate Advance, a rate per annum
equal to the Adjusted Base Rate minus 1.00%, payable in arrears on the last Business Day of each calendar quarter and on the date such Base Rate Advance shall be paid in full. 
 (ii) Eurodollar Advances. If such Advance is a Eurodollar Advance, a rate per annum equal to the Eurodollar Rate for such Interest
Period, payable in arrears on the last day of such Interest Period, and, in the case of Interest Periods of greater than three months, on each Business Day which occurs at three month intervals from the first day of such Interest Period;
provided that the Eurodollar Rate for Advances for the period commencing on the date on which such Advance was first deemed to have been made through the end of the then current Deposit Period shall equal the Deposit Rate for such period.

 (b) Additional Interest on Eurodollar Advances. The Borrower shall pay to each Participant, so long as any such Participant shall
be required under regulations of the Federal Reserve Board to maintain reserves with respect to liabilities or assets consisting of or including Eurocurrency Liabilities, additional interest on the unpaid principal amount of the Eurodollar Advances
of such Participant, from the effective date of such Advance until such principal amount is paid in full, at an interest rate per annum equal at all times to the remainder obtained by subtracting (i) the Eurodollar Rate for the Interest Period
for such Advance from (ii) the rate obtained by dividing such Eurodollar Rate by a percentage equal to 100% minus the Eurodollar Rate Reserve Percentage of such Participant for such Eurodollar Advances for such Interest Period, payable on each
date on which interest is payable on such Advance. Such additional interest payable to any Participant shall be determined by such Participant and notified to the Borrower through the Administrative Agent (such notice to include the calculation of
such additional interest, which calculation shall be conclusive absent manifest error, and be accompanied by any evidence indicating the need for such additional interest as the Borrower may reasonably request). 
 (c) Usury Recapture. In the event the rate of interest chargeable under this Agreement at any time (calculated after giving affect to all items
charged which constitute “interest” under applicable laws, including fees and margin amounts, if applicable) is greater than the Maximum Rate, the unpaid principal amount of the Advances shall bear interest at the Maximum Rate until the
total amount of interest paid or accrued on the Advances equals the amount of interest which would have been paid or accrued on the Advances if the stated rates of interest set forth in this Agreement had at all times been in effect. 
 In the event, upon payment in full of the Advances, the total amount of interest paid or accrued under the terms of this Agreement and the Advances is
less than the total amount of interest which would have been paid or accrued if the rates of interest set forth in this Agreement had, at all times, been in effect, then the Borrower shall, to the extent permitted by applicable law, pay the
Administrative Agent for the account of the Participants an amount equal to the difference between (i) the lesser of (A) the amount of interest which would have been charged on its Advances if the Maximum Rate had, at all times, been in
effect and (B) the amount of interest which would have accrued on its Advances if the rates of interest set forth in this Agreement had at all times been in effect and (ii) the amount of interest actually paid under this Agreement on its
Advances. 
  

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 In the event the Participants ever receive, collect or apply as interest any sum in excess of the Maximum
Rate, such excess amount shall, to the extent permitted by law, be applied to the reduction of the principal balance of the Advances, and if no such principal is then outstanding, such excess or part thereof remaining shall be paid to the Borrower.

 In determining whether the interest contracted for, charged, or received by a Participant exceeds the Maximum Rate, such Person may, to
the extent permitted by applicable Law, (a) characterize any payment that is not principal as an expense, fee, or premium rather than interest, (b) exclude voluntary prepayments and the effects thereof, and (c) amortize, prorate,
allocate, and spread in equal or unequal parts the total amount of interest throughout the contemplated term of the Obligations hereunder. 
 (d) Default Interest. Upon the occurrence and during the continuance of an Event of Default, the Borrower shall on demand from time to time pay interest, to the extent permitted by law, on any outstanding amounts to but excluding the
date of actual payment (after as well as before judgment) (a) with respect to any amount of principal of any Advance, at the rate otherwise applicable to such Advance pursuant to this Section 2.07 plus 2.00% per annum and
(b) in all other cases, at a rate per annum (computed on the basis of the actual number of days elapsed over a year of 365 or 366 days, as the case may be, when determined by reference to the Prime Rate and over a year of 360 days at all other
times) equal to the rate that would be applicable to a Base Rate Advance plus 2.00%. 
 Section 2.08 Prepayments. 
 (a) Right to Prepay. The Borrower shall have no right to prepay any principal amount of any Advance except as provided in this
Section 2.08. 
 (b) Optional. The Borrower may elect to prepay, in whole or in part, any of the Advances owing by it to
the Participants, after giving prior written notice of such election by (i) 10:00 a.m. (New York time) at least three Business Days before such prepayment date in the case of Borrowings which are comprised of Eurodollar Advances, and
(ii) 10:00 a.m. (New York time) on or before the Business Day of such prepayment, in case of Borrowings which are comprised of Base Rate Advances, in each case to the Administrative Agent stating the proposed date and aggregate principal amount
of such prepayment. If any such notice is given, the Administrative Agent shall give prompt notice thereof to each Participant and the Borrower shall prepay LC Advances comprising part of the same Borrowing in whole or ratably in part in an
aggregate principal amount equal to the amount specified in such notice, together with accrued and unpaid interest to the date of such prepayment on the principal amount prepaid and amounts, if any, required to be paid pursuant to
Section 2.09 as a result of such prepayment being made on such date; provided, however, that each partial prepayment shall be in an aggregate principal amount not less than $5,000,000 and in integral multiples of $1,000,000
in excess thereof (or such lesser amount as may then be outstanding). 
 (c) Mandatory Prepayments of Advances. 
  

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 (i) Deficiency. On any date on which the sum of the Advances and the Letter of
Credit Exposure with respect to Documentary Letters of Credit and Financial Letters of Credit is greater than the Revolving Loan Sublimit, the Borrower agrees to make a mandatory prepayment of the Advances, together with accrued and unpaid interest
to the date of such prepayment on the principal amount prepaid and amounts, if any, required to be paid pursuant to Section 2.09 as a result of such prepayment being made on such date, in the amount of such deficiency, or if the Advances
have been repaid in full, make deposits into the LC Cash Collateral Account in the remaining amount of such deficiency to provide cash collateral for the Letter of Credit Exposure with respect to such Documentary Letters of Credit and Financial
Letters of Credit to the extent of such excess. 
 (ii) Reduction of Commitments. On the date of each reduction of the
aggregate Commitments pursuant to Section 2.05, the Borrower agrees to make a prepayment in respect of the outstanding amount of the Advances, or if the Advances have been repaid in full, make deposits into the LC Cash Collateral Account
to provide cash collateral for the Letter of Credit Exposure to the extent, if any, that the aggregate unpaid principal amount of all LC Advances plus the Letter of Credit Exposure exceeds the Commitments, as so reduced. 
 (iii) Asset Dispositions. If any Loan Party or any of its Subsidiaries shall at any time or from time to time: 
 (A) make or agree to make an Asset Disposition (other than an Asset Disposition directly resulting from the discontinuance of the Nigerian
Operations); or 
 (B) suffer an Event of Loss; 
 then (A) the Borrower shall promptly notify the Administrative Agent of such proposed Asset Disposition or Event of Loss (including the amount of the estimated Net Proceeds to be received by any Loan Party and/or
any of its Subsidiaries in respect thereof) and (B) promptly upon receipt by such Loan Party and/or any of its Subsidiaries of the Net Proceeds of such Asset Disposition or Event of Loss (unless such Loan Party has delivered a Notice of
Reinvestment to the Administrative Agent and made a Qualified Investment on or before the Reinvestment Prepayment Date), the Borrower shall deliver, or cause to be delivered, such Net Proceeds to the Administrative Agent for distribution to the
Participants as a prepayment of the Advances, with a corresponding reduction of the Commitments, together with accrued and unpaid interest to the date of such prepayment on the principal amount prepaid and amounts, if any, required to be paid
pursuant to Section 2.09 as a result of such prepayment being made on such date, or if the Advances have been repaid in full, make deposits into the LC Cash Collateral Account in the remaining amount of such excess to provide cash
collateral for the Aggregate Letter of Credit Exposure; provided, however, that notwithstanding the foregoing, in the case of any Net Proceeds constituting the Reinvestment Deferred Amount with respect to a Reinvestment Event, the
Borrower shall repay the Advances in an amount equal to the Reinvestment Prepayment Amount applicable to such Reinvestment Event, if any, on the Reinvestment Prepayment Date with respect to such Reinvestment Event if the applicable Loan Party fails
to make a Qualified Investment. 
  

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 (iv) Debt Issuance. Promptly upon the receipt by any Loan Party or any of their
respective Subsidiaries of the Net Debt Proceeds, the Borrower shall deliver, or cause to be delivered, to the Administrative Agent an amount equal to 100% of such Net Debt Proceeds for application to the Advances, with a corresponding reduction of
the Commitments, together with accrued interest to the date of such prepayment on the principal amount prepaid and amounts, if any, required to be paid pursuant to Section 2.09 as a result of such prepayment being made on such date, or
if the LC Advances have been repaid in full, make deposits into the LC Cash Collateral Account in the remaining amount of such excess to provide cash collateral for the Letter of Credit Exposure. 
 (v) Clean Down Period. At least once before each anniversary of the Closing Date, during the term of this Agreement, the Borrower
agrees to make a prepayment in respect of the outstanding amount of the Revolving Advances so that there shall be a period of ten (10) consecutive Business Days during which there are no Advances outstanding and no Advances will be made.

 (vi) Application of Prepayments. Each prepayment pursuant to this Section 2.08(c) shall be accompanied
by accrued interest on the amount prepaid to the date of such prepayment and amounts, if any, required to be paid pursuant to Section 2.09 as a result of such prepayment being made on such date. Notwithstanding the foregoing, any
Participant may elect, by notice to the Administrative Agent by telephone (confirmed by telecopy) at least one Business Day prior to the prepayment date, to decline all or any portion of any prepayment of its Advances pursuant to
Section 2.08 above, in which case the aggregate amount of the prepayment that would have been applied to prepay such Advances but was so declined shall be returned to the Borrower. 
 (d) Illegality. If any Participant shall notify the Administrative Agent and the Borrower that any Change in Law makes it unlawful for such
Participant or its Applicable Lending Office to perform its obligations under this Agreement or to make or maintain Eurodollar Advances then outstanding hereunder, the Borrower shall, no later than 10:00 a.m. (New York time) (i) (A) if not
prohibited by any Legal Requirement to maintain such Eurodollar Advances for the duration of the Interest Period, on the last day of the Interest Period for each outstanding Eurodollar Advance or (B) if prohibited by any Legal Requirement to
maintain such Eurodollar Advances for the duration of the Interest Period, on the second Business Day following its receipt of such notice, prepay all Eurodollar Advances of all of the Participants then outstanding, together with accrued and unpaid
interest on the principal amount prepaid to the date of such prepayment and amounts, if any, required to be paid pursuant to Section 2.09 as a result of such prepayment being made on such date, (ii) each Participant shall
simultaneously make a Base Rate Advance or, if not otherwise prohibited, make an Eurodollar Advance in an amount equal to the aggregate principal amount of the affected Eurodollar Advances, and (iii) the right of the Borrower to select
Eurodollar Advances shall be suspended until such Participant shall notify Administrative Agent that the circumstances causing such suspension no longer exist. Each Participant agrees to use commercially reasonable efforts (consistent with its
internal policies and subject to legal and regulatory restrictions) to designate a different Applicable 
  

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 Lending Office if the making of such designation would avoid the effect of this paragraph and would not, in the
reasonable judgment of such Participant, be otherwise disadvantageous to such Participant. 
 (e) Ratable Payments; Effect of Notice.
Each payment of any Advance pursuant to this Section 2.08 or any other provision of this Agreement shall be made in a manner such that all LC Advances comprising part of the same Borrowing are paid in whole or ratably in part. All
notices given pursuant to this Section 2.08 shall be irrevocable and binding upon the Borrower. 
 Section 2.09 Funding
Losses. If (a) any payment of principal of any Eurodollar Advance is made other than on the last day of the Interest Period for such Advance as a result of any payment pursuant to Section 2.08 or the acceleration of the maturity
of the Advances pursuant to Article VII or (b) if the Borrower fails to make a principal or interest payment with respect to any Eurodollar Advance on the date such payment is due and payable, the Borrower shall, within three
Business Days of any written demand sent by any Participant to the Borrower through the Administrative Agent, pay to Administrative Agent for the account of such Participant any amounts (without duplication of any other amounts payable in respect of
breakage costs) required to compensate such Participant for any additional losses, out-of-pocket costs or expenses which it may reasonably incur as a result of such payment or nonpayment, including, without limitation, any loss, cost or expense
actually incurred by reason of the liquidation or reemployment of deposits or other funds acquired by any Participant to fund or maintain such Advance. A certificate of any Participant setting forth any amount or amounts that such Participant is
entitled to receive pursuant to this Section shall be delivered to the Borrower and shall be conclusive absent manifest error. 
 Section 2.10 Increased Costs. 
 (a) Increased Costs Generally. If any Change in Law shall: 
 (i) impose, modify or deem applicable any reserve, special deposit, compulsory loan, insurance charge or similar requirement against
assets of, deposits with or for the account of, or credit extended or participated in by, any Participant (except any reserve requirement reflected in the Eurodollar Rate Reserve Percentage), or the Issuing Bank; 
 (ii) subject any Participant or the Issuing Bank to any tax of any kind whatsoever with respect to this Agreement, any Letter of Credit,
any participation in a Letter of Credit or any Eurodollar Advance made by it, or change the basis of taxation of payments to such Participant or the Issuing Bank in respect thereof (except for Indemnified Taxes or Other Taxes covered by
Section 2.12 and the imposition of, or any change in the rate of, any Excluded Tax payable by such Participant or the Issuing Bank); or 
 (iii) impose on any Participant, the Issuing Bank, or the London interbank market any other condition, cost or expense affecting this Agreement or Eurodollar Advances made by such Participant, the Issuing Bank, or any
Letter of Credit or participation therein; 
  

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 and the result of any of the foregoing shall be to increase the cost to such Participant of making or
maintaining any Eurodollar Advance (or of maintaining its obligation to make any such Advance), or to increase the cost to such Participant or the Issuing Bank of participating in, issuing or maintaining any Letter of Credit (or of maintaining its
obligation to participate in or to issue any Letter of Credit), or to reduce the amount of any sum received or receivable by such Participant or the Issuing Bank (whether of principal, interest or any other amount) then, upon request of such
Participant or the Issuing Bank, the Borrower will pay to such Participant or the Issuing Bank, as the case may be, such additional amount or amounts as will compensate such Participant or the Issuing Bank, as the case may be, for such additional
costs incurred or reduction suffered. 
 (b) Capital Requirements. If any Participant or the Issuing Bank determines that any Change
in Law affecting such Participant or the Issuing Bank or any lending office of such Participant or the Issuing Bank or such Participant’s or the Issuing Bank’s holding company, if any, regarding capital requirements has or would have the
effect of reducing the rate of return on such Participant’s or the Issuing Bank’s capital or on the capital of such Participant’s or the Issuing Bank’s holding company, if any, as a consequence of this Agreement, the Commitments
of such Participant or the Advances made by, or participations in Letters of Credit held by, such Participant, or the Letters of Credit issued by the Issuing Bank, to a level below that which such Participant or the Issuing Bank or such
Participant’s or the Issuing Bank’s holding company could have achieved but for such Change in Law (taking into consideration such Participant’s or the Issuing Bank’s policies and the policies of such Participant’s or the
Issuing Bank’s holding company with respect to capital adequacy), then from time to time the Borrower will pay to such Participant or the Issuing Bank, as the case may be, such additional amount or amounts as will compensate such Participant or
the Issuing Bank or such Participant’s or the Issuing Bank’s holding company for any such reduction suffered. 
 (c)
Certificates for Reimbursement. A certificate of a Participant or the Issuing Bank setting forth the amount or amounts necessary to compensate such Participant or the Issuing Bank or any of their respective holding companies, as the case may
be, as specified in paragraph (a) or (b) of this Section and delivered to the Borrower shall be conclusive absent manifest error. The Borrower shall pay such Participant or the Issuing Bank, as the case may be, the amount shown as due on
any such certificate within 10 days after receipt thereof. 
 (d) Delay in Requests. Failure or delay on the part of any Participant
or the Issuing Bank to demand compensation pursuant to this Section shall not constitute a waiver of such Participant’s or the Issuing Bank’s right to demand such compensation, provided that the Borrower shall not be required to
compensate a Participant or the Issuing Bank pursuant to this Section for any increased costs incurred or reductions suffered more than nine months prior to the date that such Participant or the Issuing Bank, as the case may be, notifies the
Borrower of the Change in Law giving rise to such increased costs or reductions and of such Participant’s or the Issuing Bank’s intention to claim compensation therefor (except that, if the Change in Law giving rise to such increased costs
or reductions is retroactive, then the nine-month period referred to above shall be extended to include the period of retroactive effect thereof). 
  

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 Section 2.11 Payments and Computations. 
 (a) Payment Procedures. The Borrower shall make each payment under this Agreement not later than 12:00 noon (New York time) on the day when due to
the Administrative Agent at the Administrative Agent’s Applicable Lending Office in immediately available funds. Each Advance shall be repaid and each payment of interest thereon shall be paid in Dollars. All payments shall be made without
setoff, deduction, or counterclaim. The Administrative Agent will promptly thereafter, and in any event prior to the close of business on the day any timely payment is made, cause to be distributed like funds relating to the payment of principal,
interest or fees ratably to the Participants (other than amounts payable solely to the Administrative Agent, or a specific Participant pursuant to Section 2.04(b), 2.09, 2.10 or 2.12, but after taking into account
payments effected pursuant to Section 10.04) in accordance with each Participant’s Pro Rata Share to the Participants for the account of their respective Applicable Lending Offices, and like funds relating to the payment of any
other amount payable to any Participant to such Participant for the account of its Applicable Lending Offices, in each case to be applied in accordance with the terms of this Agreement or, in the case of Advances funded by Participants from
Deposits, the Administrative Agent shall deposit same in the Deposit Account in accordance with Section 2.02(d). 
 (b)
Computations. All computations of interest based on the Prime Rate shall be made by the Administrative Agent on the basis of a year of 365 or 366 days, as the case may be, and all computations of interest based on the Federal Funds Effective
Rate or the Eurodollar Rate and of fees shall be made by the Administrative Agent, on the basis of a year of 360 days, in each case for the actual number of days (including the first day, but excluding the last day) occurring in the period for which
such interest or fees are payable. Each determination by the Administrative Agent of an interest rate shall be conclusive and binding for all purposes, absent manifest error. 
 (c) Non-Business Day Payments. Whenever any payment shall be stated to be due on a day other than a Business Day, such payment shall be made on
the next succeeding Business Day, and such extension of time shall in such case be included in the computation of payment of interest or fees, as the case may be. 
 (d) Agent Reliance. Unless the Administrative Agent shall have received written notice from the Borrower prior to the date on which any payment is due to the Participants that the Borrower will not make such
payment in full, the Administrative Agent may assume that the Borrower has made such payment in full to the Administrative Agent on such date and the Administrative Agent may, in reliance upon such assumption, cause to be distributed to each
Participant on such date an amount equal to the amount then due to such Participant. If and to the extent the Borrower shall not have so made such payment in full to Administrative Agent, each Participant shall repay to the Administrative Agent
forthwith on demand such amount distributed to such Participant, together with interest thereon, for each day from the date such amount is distributed to such Participant until the date such Participant repays such amount to the Administrative
Agent, at the greater of the Federal Funds Effective Rate for such day and a rate determined by the Administrative Agent in accordance with banking industry rules on interbank compensation. 
  

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 Section 2.12 Taxes. 
 (a) Payments Free of Taxes. Any and all payments by or on account of any obligation of any Loan Party hereunder or under any other Loan Document
shall be made free and clear of and without reduction or withholding for any Indemnified Taxes or Other Taxes, provided that if any Loan Party shall be required by any Legal Requirement to deduct any Indemnified Taxes (including any Other
Taxes) from such payments, then (i) the sum payable shall be increased as necessary so that after making all required deductions (including deductions applicable to additional sums payable under this Section) the Administrative Agent, such
Participant or the Issuing Bank, as the case may be, receives an amount equal to the sum it would have received had no such deductions been made, (ii) the Borrower shall make such deductions and (iii) the Borrower shall timely pay the full
amount deducted to the relevant Governmental Authority in accordance with Legal Requirements. 
 (b) Payment of Other Taxes by the
Borrower. Without limiting the provisions of paragraph (a) above, the Borrower shall timely pay any Other Taxes to the relevant Governmental Authority in accordance with applicable law. 
 (c) Indemnification by the Borrower. The Borrower shall indemnify the Administrative Agent, each Participant and the Issuing Bank, within 10 days
after demand therefor, for the full amount of any Indemnified Taxes or Other Taxes (including Indemnified Taxes or Other Taxes imposed or asserted on or attributable to amounts payable under this Section) paid by the Administrative Agent, such
Participant or the Issuing Bank, as the case may be, and any penalties, interest and reasonable expenses arising therefrom or with respect thereto, whether or not such Indemnified Taxes or Other Taxes were correctly or legally imposed or asserted by
the relevant Governmental Authority. A certificate as to the amount of such payment or liability delivered to the Borrower by a Participant or the Issuing Bank (with a copy to the Administrative Agent), or by the Administrative Agent on its own
behalf or on behalf of a Participant or the Issuing Bank, shall be conclusive absent manifest error. 
 (d) Evidence of Payments. As
soon as practicable after any payment of Indemnified Taxes or Other Taxes by the Borrower to a Governmental Authority, the Borrower shall deliver to the Administrative Agent the original or a certified copy of a receipt issued by such Governmental
Authority evidencing such payment, a copy of the return reporting such payment or other evidence of such payment reasonably satisfactory to the Administrative Agent. 
 (e) Status of Participants. Any Foreign Participant that is entitled to an exemption from or reduction of withholding tax under the law of the jurisdiction in which the Borrower is resident for tax purposes, or
any treaty to which such jurisdiction is a party, with respect to payments hereunder or under any other Loan Document shall deliver to the Borrower (with a copy to the Administrative Agent), at the time or times prescribed by applicable law or
reasonably requested by the Borrower or the Administrative Agent, such properly completed and executed documentation prescribed by applicable law as will permit such payments to be made without withholding or at a reduced rate of withholding. In
addition, any Participant or the Issuing Bank if requested by the Borrower or the Administrative Agent, shall deliver such other documentation prescribed by applicable law or reasonably requested by the Borrower or the Administrative Agent as will
enable the Borrower or the Administrative Agent to determine whether or not such Participant or the Issuing Bank is subject to backup withholding or information reporting requirements. 
  

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 Without limiting the generality of the foregoing, in the event that the Borrower is resident for tax
purposes in the United States of America, any Foreign Participant shall deliver to the Borrower and the Administrative Agent (in such number of copies as shall be requested by the recipient) on or prior to the date on which such Foreign Participant
becomes a Participant under this Agreement (and from time to time thereafter upon the request of the Borrower or the Administrative Agent, but only if such Foreign Participant is legally entitled to do so), whichever of the following is applicable:

 (i) two duly completed copies of Internal Revenue Service Form W-8BEN claiming eligibility for benefits of an income tax
treaty to which the United States of America is a party, 
 (ii) two duly completed copies of Internal Revenue Service Form
W-8ECI, 
 (iii) in the case of a Foreign Participant claiming the benefits of the exemption for portfolio interest under
section 881(c) of the Code, (x) a certificate to the effect that such Foreign Participant is not (A) a “bank” within the meaning of section 881(c)(3)(A) of the Code, (B) a “10 percent shareholder” of the Borrower
within the meaning of section 881(c)(3)(B) of the Code, or (C) a “controlled foreign corporation” described in section 881(c)(3)(C) of the Code and (y) two duly completed copies of Internal Revenue Service Form W-8BEN, or

 (iv) any other form prescribed by applicable law as a basis for claiming exemption from or a reduction in United States
Federal withholding tax duly completed together with such supplementary documentation as may be prescribed by applicable law to permit the Borrower to determine the withholding or deduction required to be made. 
 (f) Treatment of Certain Refunds. If the Administrative Agent, a Participant or the Issuing Bank determines, in its sole discretion, that it has
received a refund of any Taxes or Other Taxes as to which it has been indemnified by the Borrower or with respect to which the Borrower have paid additional amounts pursuant to this Section, it shall pay to the Borrower an amount equal to such
refund (but only to the extent of indemnity payments made, or additional amounts paid, by the Borrower under this Section with respect to the Taxes or Other Taxes giving rise to such refund), net of all out-of-pocket expenses of the Administrative
Agent, such Participant or the Issuing Bank, as the case may be, and without interest (other than any interest paid by the relevant Governmental Authority with respect to such refund), provided that the Borrower, upon the request of the
Administrative Agent, such Participant or the Issuing Bank, agrees to repay the amount paid over to the Borrower (plus any penalties, interest or other charges imposed by the relevant Governmental Authority) to the Administrative Agent, such
Participant or the Issuing Bank in the event the Administrative Agent, such Participant or the Issuing Bank is required to repay such refund to such Governmental Authority. This paragraph shall not be construed to require the Administrative Agent,
any Participant or the Issuing Bank to make available its tax returns (or any other information relating to its taxes that it deems confidential) to the Borrower or any other Person. 
 Section 2.13 Sharing of Payments, Etc. If any Participant shall, by exercising any right of setoff or counterclaim or otherwise, obtain
payment in respect of any principal of or interest 
  

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 on any of its Advances or other obligations hereunder resulting in such Participant’s receiving payment of a
proportion of the aggregate amount of its Advances and accrued interest thereon or other such obligations greater than its Pro Rata Share, then the Participant receiving such greater proportion shall (a) notify the Administrative Agent of such
fact, and (b) purchase (for cash at face value) participations in the Advances and such other obligations of the other Participants, or make such other adjustments as shall be equitable, so that the benefit of all such payments shall be shared
by the Participants ratably in accordance with the aggregate amount of principal of and accrued interest on their respective Advances and other amounts owing them, provided 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; and (ii) the provisions of this paragraph shall not be
construed to apply to (x) any payment made by the Borrower pursuant to and in accordance with the express terms of this Agreement or (y) any payment obtained by a Participant as consideration for the assignment of or sale of a
participation in any of its Advances or participations in Letters of Credit to any assignee or participant, other than to the Borrower or any Subsidiary thereof (as to which the provisions of this paragraph shall apply). Each Loan Party consents to
the foregoing and agrees, to the extent it may effectively do so under applicable law, that any Participant acquiring a participation pursuant to the foregoing arrangements may exercise against each Loan Party rights of setoff and counterclaim with
respect to such participation as fully as if such Participant were a direct creditor of each Loan Party in the amount of such participation. 
 Section 2.14 Applicable Lending Offices. Each Participant may book its Advances at any Applicable Lending Office selected by such Participant and may change its Applicable Lending Office from time to time. All terms of this
Agreement shall apply to any such Applicable Lending Office and the Advances shall be deemed held by each Participant for the benefit of such Applicable Lending Office. Each Participant may, by written notice to the Administrative Agent and the
Borrower designate replacement or additional Applicable Lending Offices through which Advances will be made by it and for whose account repayments are to be made. 
 Section 2.15 Replacement of Participants. If a Participant (a “Non-Consenting Participant”) refuses to consent to an amendment, modification or waiver of this Agreement that, pursuant to
Section 10.01, requires consent of each Participant affected thereby (any such Participant, a “Subject Participant”), so long as (a) no Event of Default shall have occurred and be continuing and the Borrower has
obtained a commitment from another Participant or an Eligible Assignee to purchase at par the Subject Participant’s Advances and assume the Subject Participant’s Commitments and all other obligations of the Subject Participant hereunder
and (b) such Participant is not an Issuing Bank with respect to any Letters of Credit outstanding (unless all such Letters of Credit are terminated or arrangements acceptable to such Issuing Bank (such as a “back-to-back” letter of
credit) are made), the Borrower may require the Subject Participant to assign all of its Advances and Commitments to such other Participant, Participants, Eligible Assignee or Eligible Assignees pursuant to the provisions of
Section 10.06; provided that, prior to or concurrently with such replacement, (i) the Subject Participant shall have received payment in full of all principal, interest, fees and other amounts (including all amounts under
Sections 2.10 and/or 2.12 (if applicable)) through such date of replacement, plus the amount of, and interest accrued with respect to, any Deposit of such Participant and a release from its obligations under the Loan Documents,
(ii) all of the requirements for such assignment contained in Section  
  

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 10.06, including, without limitation, the consent of Administrative Agent (if required) and the receipt by
Administrative Agent of an executed Assignment and Acceptance executed by the assignee (Administrative Agent being hereby authorized to execute any Assignment and Acceptance on behalf of a Subject Participant relating to the assignment of Advances
and Commitments of such Subject Participant) and other supporting documents, have been fulfilled, (iii) in the event such Subject Participant is a Non-Consenting Participant, each assignee shall consent, at the time of such assignment, to each
matter in respect of which such Subject Participant was a Non-Consenting Participant and (iv) no more than 25% of the aggregate Commitments can be assigned to such other Participants or Eligible Assignees pursuant to this
Section 2.15 at any one time. 
 ARTICLE III 
 CONDITIONS OF LENDING 
 Section 3.01 Initial Conditions Precedent. The obligation of the
Issuing Bank to issue the Existing Letters of Credit and of each Participant to deposit with the Deposit Bank such Participant’s Deposit pursuant to Section 2.02, in each case on the Closing Date, is subject to the following
conditions precedent: 
 (a) Documentation. On or before the day on which the initial Deposit or Borrowing is made or the initial
Letter of Credit is issued, the Administrative Agent and the Participants shall have received the following, each dated on or before such day, duly executed by all the parties thereto, each in form and substance satisfactory to the Administrative
Agent and the Participants: 
 (i) this Agreement and all attached Exhibits and Schedules; 
 (ii) any Note requested by a Participant pursuant to Section 2.03(g) payable to the order of such requesting Participant in
the amount of its Commitment; 
 (iii) except as otherwise provided in Section 5.16, a Security Agreement executed
each Loan Party, together with UCC-1 financing statements and any other documents, agreements or instruments necessary to create an Acceptable Security Interest in the Collateral described therein; 
 (iv) to the extent set forth on Schedule 3.01(a)(iv) and except as otherwise provided in Section 5.16, a Pledge
Agreement executed by each Person that has an Equity Interest in a Loan Party pledging to the Administrative Agent for the benefit of the Secured Parties all of the Equity Interests of such Person in such Loan Party, together with certificates,
powers executed in blank, UCC-1 financing statements and any other documents, agreements or instruments necessary to create an Acceptable Security Interest in such Equity Interests; 
 (v) except as otherwise provided in Section 5.16 and as indicated on Schedule 1.01(c), the Mortgages, together with any
other documents, agreements or instruments necessary to create an Acceptable Security Interest in such Mortgaged Vessels and Mortgaged Properties; 
  

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 (vi) an Account Control Agreement among the applicable Loan Party, the Collateral Agent
and the various financial institutions identified on Schedule 4.17; 
 (vii) a certificate dated as of the Closing Date
from a Responsible Officer of the Borrower stating that (A) all representations and warranties of the Loan Parties set forth in this Agreement and in the other Loan Documents to which it is a party are true and correct in all material respects;
(B) no Default has occurred and is continuing; and (C) the conditions in this Section 3.01 have been met; 
 (viii) copies of the certificate or articles of incorporation or other equivalent organizational documents, including all amendments thereto, of each Loan Party, certified by the Secretary of State of the state of its organization;

 (ix) a certificate of the Secretary or Assistant Secretary of each Loan Party dated the Closing Date and certifying
(A) that attached thereto is a true and complete copy of the organizational documents of such Loan Party as in effect on the Closing Date and at all times since a date prior to the date of the resolutions described in clause (B) below,
(B) that attached thereto is a true and complete copy of resolutions duly adopted by the Board of Directors of such Loan Party authorizing the execution, delivery and performance of the Loan Documents to which such Loan Party is a party and, in
the case of the Borrower, the borrowings hereunder, and that such resolutions have not been modified, rescinded or amended and are in full force and effect, (C) that the certificate or articles of incorporation or other organizational documents
of such Loan Party have not been amended since the date of the last amendment thereto shown on the certified copy thereof furnished pursuant to clause (vii) above, and (D) as to the incumbency and specimen signature of each officer
executing any Loan Document, Notices of Borrowing or any other document delivered in connection herewith on behalf of such Loan Party; 
 (x) a certificate of another officer of each Loan Party as to the incumbency and specimen signature of the Secretary or Assistant Secretary executing the certificate pursuant to (viii) above; 
 (xi) certificates from the appropriate Governmental Authority certifying as to the good standing, existence and authority of each of the
Loan Parties in all jurisdictions where required by the Administrative Agent; 
 (xii) a favorable opinion dated as of the
Closing Date of Conners & Winters, LLP, counsel to the Loan Parties; 
 (xiii) a favorable opinion dated as of the
Closing Date from local counsel located in Panama and Canada; 
 (xiv) a certificate from a Financial Officer of the Parent
dated as of the Closing Date addressed to the Administrative Agent and each of the Participants regarding the matters set forth in Section 4.20; 
 (xv) a certificate from a Financial Officer of the Parent addressed to the Administrative Agent and each of the Participants, which shall
be in form and in 
  

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 substance reasonably satisfactory to the Administrative Agent, certifying that as of the Closing Date the
Projections prepared by the Parent and provided to the Administrative Agent were prepared in good faith based on reasonable assumptions in light of the information reasonably available to such officer at the time such Projections were made and
describing any changes therein and stating that such changes shall not, individually or in the aggregate, reasonably be expected to have a Material Adverse Effect; 
 (xvi) a copy of, or a certificate as to coverage under, the insurance policies required by Section 5.04 and the applicable
provisions of the Security Documents, each of which shall be endorsed or otherwise amended to include a customary lender’s loss payable endorsement and to name the Collateral Agent as an additional insures; 
 (xvii) acknowledgment from CT Corporation System as of the Closing Date with respect to its irrevocable appointment by each Loan Party
pursuant to Section 10.13(b); and 
 (xviii) such other documents, governmental certificates and agreements as the
Administrative Agent or any Participant may reasonably request. 
 (b) Payment of Fees. On the Closing Date, the Borrower shall have
paid the fees required to be paid to the Administrative Agent, the Arranger, and the Participants on the Closing Date, including, without limitation, the fees set forth in the Fee Letter and all other costs and expenses which have been invoiced and
are payable pursuant to Section 10.04. 
 (c) Due Diligence; Corporate Structure. The Administrative Agent and the
Participants shall have completed a satisfactory due diligence review of the assets, liabilities, business, operations and condition (financial or otherwise) of the Parent and its Subsidiaries, and all legal, financial, accounting, governmental, tax
and regulatory matters, and fiduciary aspects of the proposed financing and the terms and conditions of all material obligations of the Loan Parties. The documentation reflecting the ownership, capital, corporate, tax, organizational and legal
structure of the Loan Parties shall be acceptable to the Administrative Agent. 
 (d) Security Documents. The Collateral Agent shall
have received all appropriate evidence required by the Collateral Agent in its sole discretion necessary to determine that arrangements have been made for the Collateral Agent for the benefit of Secured Parties to have an Acceptable Security
Interest in the Collateral, including, without limitation, (i) the delivery to the Collateral Agent of such financing statements (or amendments) under the Uniform Commercial Code for filing in such jurisdictions as the Collateral Agent may
require, (ii) lien, tax and judgment searches conducted on the Loan Parties reflecting no Liens other than Permitted Liens against any of the Collateral as to which perfection of a Lien is accomplished by the filing of a financing statement and
(iii) lien releases with respect to any Collateral currently subject to a Lien other than Permitted Liens unless such Liens are assigned to or otherwise held by the Collateral Agent. 
 (e) Financial Statements. The Administrative Agent and the Participants shall have received true and correct copies of (i) the Audited
Financial Statements, (ii) the Interim Financial Statements, (iii) the Projections and (iv) such other financial information as the Administrative Agent may reasonably request. 
  

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 (f) Termination of Existing Credit Facility. The Administrative Agent shall have received
sufficient evidence indicating that simultaneously with the making of the Deposits hereunder (i) the obligations of the Loan Parties and its lenders under the Existing Credit Facility shall be terminated (including, without limitation, any
obligations of the Parent or any Subsidiary thereof in respect of guaranties and security agreements executed in connection with such Existing Credit Facility (but excluding any obligations which expressly survive the repayment of the amounts owing
under the Existing Credit Facility)), (ii) acceptable provisions have been made for the termination or assignment in favor of the Collateral Agent for the benefit of the Participants, of the Liens existing in respect of the Existing Credit
Facility and (iii) any letters of credit issued pursuant to the Existing Credit Facility shall have been either replaced or shall be supported by a Letter of Credit issued hereunder. 
 (g) Authorizations and Approvals. All Governmental Authorities and Persons shall have approved or consented to the transactions contemplated
hereby, including, without limitation, those approvals or consents required in connection with the continued operation of the Borrower and its Subsidiaries, to the extent required, and such approvals shall be in full force and effect, and all
applicable waiting periods shall have expired without any action being taken or threatened that would restrain, prevent or otherwise impose adverse conditions on this Agreement and the actions contemplated hereby and thereby. 
 (h) No Proceeding or Litigation; No Injunctive Relief. Except as otherwise set forth in Schedule 4.07, no action, suit, investigation or
other proceeding (including, without limitation, the enactment or promulgation of a statute or rule) by or before any arbitrator or any Governmental Authority shall be threatened or pending and no preliminary or permanent injunction or order by a
state or federal court shall have been entered (i) in connection with this Agreement or any transaction contemplated hereby or (ii) which, in any case, in the reasonable judgment of the Administrative Agent, could reasonably be expected to
cause a Material Adverse Effect. 
 (i) No Default. No Default shall have occurred and be continuing or would result from such Advance
or from the application of the proceeds therefrom. 
 (j) Representations and Warranties. The representations and warranties contained
in Article IV hereof and in each other Loan Document shall be true and correct before and after giving effect to the LC Advances and to the application of the proceeds from such LC Advances from the date of the LC Advances, as though
made on and as of such date. 
 (k) No Material Adverse Effect. Except as otherwise set forth in Schedule 4.05(d), since
December 31, 2005, there has been no material adverse change in the condition (financial or otherwise), results of operations, assets, properties, business or prospects of the Parent and its Subsidiaries, taken as a whole. 
 (l) Additional Information. The Administrative Agent shall have received such additional information which the Administrative Agent or any
Participant shall have reasonably requested, and such information shall be reasonably satisfactory in form and substance to the Administrative Agent and its counsel. 
  

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 Section 3.02 Conditions Precedent to Each Advance. The obligation of the Issuing Bank to
issue, extend or increase Letters of Credit, including without limitation, the Existing Letters of Credit deemed issued on the Closing Date, and the obligation of the Revolving Loan Lender to make Revolving Advances to the Borrower shall be subject
to the further conditions precedent that on and as of the date of such proposed Issuance Event or Borrowing Date (and each Letter of Credit Request or Notice of Borrowing, as applicable, shall constitute a representation and warranty by the Borrower
that on the date of such Issuance Event or Borrowing Date, as applicable, such statements are true): 
 (a) the representations and warranties
of the Loan Parties contained in Article IV and in each other Loan Document are correct on and as of the date of such Issuance Event or Borrowing Date before and after giving effect to such Issuance Event or the making of such Revolving
Advances as though made on, and as of such date; and 
 (b) no Default or Event of Default has occurred and is continuing or would result
from such Issuance Event or the making of such Revolving Advances. 
 Section 3.03 Determinations Under Sections 3.01 and 3.02.
For purposes of determining compliance with the conditions specified in Sections 3.01 and 3.02, each Participant shall be deemed to have consented to, approved or accepted or to be satisfied with each document or other matter required
thereunder to be consented to or approved by or acceptable or satisfactory to the Participants unless an officer of the Administrative Agent responsible for the transactions contemplated by the Loan Documents shall have received notice from such
Participant prior to the Borrowings hereunder specifying its objection thereto and such Participant shall not have made available to the Administrative Agent such Participant’s ratable portion of such Borrowings. 
 ARTICLE IV 
 REPRESENTATIONS AND
WARRANTIES 
 Each Loan Party jointly and severally represents and warrants as follows: 
 Section 4.01 Existence. Each of the Parent and its Subsidiaries is duly organized, validly existing, and in good standing under the laws of
the jurisdiction of its incorporation or formation and in good standing and qualified to do business in each jurisdiction where its ownership or lease of Property or conduct of its business requires such qualification and where a failure to be
qualified could reasonably be expected to have a Material Adverse Effect. 
 Section 4.02 Power and Authority. Each of the Loan
Parties has the requisite power and authority and all requisite governmental licenses, authorizations, consents and approvals to (a) own its assets and carry on its business, and (b) execute, deliver and perform the Loan Documents to which
it is a party and to perform its obligations thereunder. The execution, delivery, and performance by each Loan Party of this Agreement and the other Loan Documents to which it is a party and the consummation of the transactions contemplated hereby
(a) have 
  

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 been duly authorized by all necessary organizational action, (b) do not and will not (i) contravene the terms
of any such Person’s organizational documents, (ii) violate any Legal Requirement, or (iii) conflict with or result in any breach or contravention of, or the creation of any Lien under (A) the provisions of any indenture,
instrument or agreement to which such Loan Party is a party or is subject, or by which it, or its Property, is bound or (B) any order, injunction, writ or decree of any Governmental Authority or any arbitral award to which such Person or its
property is subject. 
 Section 4.03 Authorization and Approvals. No authorization, approval, consent, exemption, or other action
by, or notice to or filing with, any Governmental Authority or any other Person is necessary or required on the part of any Loan Party in connection with (a) the execution, delivery and performance by, or enforcement against, any Loan Party of
this Agreement and the other Loan Documents to which it is a party or the consummation of the transactions contemplated hereby or thereby, (b) the grant by any Loan Party of the Liens granted by it pursuant to the Loan Documents, or
(c) the perfection or maintenance of the Liens created under the Loan Documents (including the first priority nature thereof) (other than, on the Closing Date, the filing of UCC-1 Financing Statements), all of which have been duly obtained,
taken, given or made and are in full force and effect, except actions by, and notices to or filings with, Governmental Authorities (including, without limitation, the SEC) that may be required in the ordinary course of business from time to time or
that may be required to comply with the express requirements of the Loan Documents (including, without limitation, to release existing Liens on the Collateral or to comply with requirements to perfect, and/or maintain the perfection of, Liens
created for the benefit of the Secured Parties). 
 Section 4.04 Enforceable Obligations. This Agreement has been, and each other
Loan Document, when delivered hereunder, will have been, duly executed and delivered by each Loan Party that is a party thereto. This Agreement constitutes, and each other Loan Document when so delivered will constitute, a legal, valid and binding
obligation of such Loan Party, enforceable against each Loan Party that is party thereto in accordance with its terms, except as such enforceability may be limited by any applicable bankruptcy, insolvency, reorganization, fraudulent conveyance,
moratorium, or similar law affecting creditors’ rights generally or general principles of equity. 
 Section 4.05 Financial
Statements; No Material Adverse Effect. 
 (a) The Audited Financial Statements (i) were prepared in accordance with GAAP
consistently applied throughout the period covered thereby, except as otherwise expressly noted therein; (ii) fairly present the financial condition of the Parent and its Subsidiaries as of the date thereof and their results of operations for
the period covered thereby in accordance with GAAP consistently applied throughout the period covered thereby, except as otherwise expressly noted therein; and (iii) show all material indebtedness and other liabilities, direct or contingent, of
the Parent and its Subsidiaries as of the date thereof, including liabilities for taxes, material commitments and Debt. 
 (b) The unaudited
consolidated financial statements of the Parent and its Subsidiaries dated as of June 30, 2006 and the related consolidated statements of income or operations, shareholders’ equity and cash flows for the fiscal quarter ended on that date
(i) were prepared in 
  

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 accordance with GAAP consistently applied throughout the period covered thereby, except as otherwise expressly noted
therein, and (ii) fairly present the financial condition of the Parent and its Subsidiaries as of the date thereof and their results of operations for the period covered thereby, subject, in the case of clauses (i) and (ii), to the absence
of footnotes and to normal year-end audit adjustments. 
 (c) The Projections have been prepared in good faith by the Parent, based on
assumptions believed by the Borrower to be reasonable on the date thereof. 
 (d) Except as set forth in Schedule 4.05(d), since
December 31, 2005, there has been no event or circumstance, either individually or in the aggregate, that has had or could reasonably be expected to have a Material Adverse Effect. 
 Section 4.06 True and Complete Disclosure. Each Loan Party has disclosed to the Administrative Agent and the Participants all material
agreements, instruments and corporate or other restrictions to which it or any of its Subsidiaries is subject, and all other matters known to it, that, individually or in the aggregate, could reasonably be expected to result in a Material Adverse
Effect. None of (a) the Confidential Information Memorandum or (b) any other information, report, financial statement, exhibit or schedule furnished by or on behalf of any Loan Party to the Administrative Agent or any Participant in
connection with the negotiation of any Loan Document or included therein or delivered pursuant thereto, when taken as a whole, contained, contains or will contain any material misstatement of fact or omitted, omits or will omit to state any material
fact necessary to make the statements therein, in the light of the circumstances under which they were, are or will be made, not misleading; provided that, with respect to projected financial information, the Loan Parties represent only that
such information was prepared in good faith based upon assumptions believed to be reasonable at the time. 
 Section 4.07
Litigation. Except as set forth in Schedule 4.07, there are no actions, suits, proceedings, claims or disputes pending or, to the knowledge of any Responsible Officer of a Loan Party after due and diligent investigation, threatened or
contemplated, at law, in equity, in arbitration or before any Governmental Authority, by or against any Loan Party or any of their Subsidiaries or against any of their properties or revenues that (a) purport to affect or pertain to this
Agreement, any other Loan Document or the Collateral, or any of the transactions contemplated thereby, or (b) either individually or in the aggregate, if determined adversely, could reasonably be expected to have a Material Adverse Effect.

 Section 4.08 Compliance with Laws. None of the Loan Parties or any of the Subsidiaries or any of their respective material
properties is in violation of, nor will the continued operation of their material properties as currently conducted violate, any Legal Requirement (including any Environmental Law) or is in default with respect to any judgment, writ, injunction,
decree or order of any Governmental Authority, in either case which could, individually or in the aggregate, reasonably be expected to have a Material Adverse Effect. 
 Section 4.09 No Default. None of the Loan Parties or any of its Subsidiaries has materially violated or defaulted under any agreement or instrument to which it is a party, where such violation or default
has resulted or could, either individually or in the aggregate, reasonably be expected to have a Material Adverse Effect. Upon the termination of the Existing Credit 
  

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 Facility, none of the Parent or any of its Subsidiaries is in default in any manner under any provision of any indenture
or other agreement or instrument evidencing Debt, or any other material agreement or instrument to which it is a party or by which it or any of its properties or assets are or may be bound, where such default could reasonably be expected to result
in 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 4.10 Subsidiaries; Corporate Structure. Schedule 4.10 sets forth as of the Closing Date a list of all Subsidiaries of the
Parent and, as to each such Subsidiary, the jurisdiction of formation and the outstanding Equity Interests therein and the percentage of each class of such Equity Interests owned by the Parent and the Subsidiaries. The Equity Interests indicated to
be owned by the Parent and the Subsidiaries on Schedule 4.10 are fully paid and non-assessable and are owned by the persons indicated on such Schedule, free and clear of all Liens (other than (i) Liens created under the Existing Credit
Facility that will be terminated or assigned to the Collateral Agent, (ii) Liens created under the Loan Documents and (iii) Permitted Liens). 
 Section 4.11 Liens; Condition of Properties. 
 (a) None of the Property of the Parent or any of
the Subsidiaries is subject to any Lien other than (i) Liens created under the Existing Credit Facility that will be terminated or assigned to the Collateral Agent, (ii) Liens created under the Loan Documents and (iii) Permitted
Liens. On the date of this Agreement, all governmental actions and all other filings, recordings, registrations, third party consents and other actions which are necessary to create and perfect the Liens provided for in the Security Documents will
have been made, obtained and taken in all relevant jurisdictions. None of the Parent or any of the Subsidiaries is a party to any indenture, loan, credit or other similar agreement or instrument evidencing Debt or any other material agreement or
arrangement (other than this Agreement and the Security Documents), or subject to any order, judgment, writ or decree, which either restricts or purports to restrict its ability to grant Liens to secure the Obligations against their respective
assets or Properties. 
 (b) Each of the Parent and its Subsidiaries has good record and marketable title in fee simple to, or valid
leasehold interests in, all real property necessary or used in the ordinary conduct of its business, except for such minor defects in title that do not interfere with its ability to conduct its business as currently conducted or to utilize such
properties and assets for their intended purposes. 
 (c) Each of the Parent and its Subsidiaries has complied with all obligations under all
material leases with respect to real property to which it is a party and all such leases are in full force and effect. Each Loan Party enjoys peaceful and undisturbed possession under all such material leases. 
 (d) Since December 31, 2005, neither the business nor the material Properties of the Parent or any of its Subsidiaries has been affected as a result
of any fire, explosion, earthquake, flood, drought, windstorm, accident, embargo, requisition or taking of Property or cancellation of contracts, permits or concessions by a Governmental Authority, or acts of God. 
  

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 Section 4.12 Environmental Condition. 
 (a) Each of the Parent and its Subsidiaries (i) have obtained all material Environmental Permits necessary for the ownership and operation of their
respective material Properties and the conduct of their respective businesses; (ii) have been and are in compliance with all material terms and conditions of such Environmental Permits and with all other material requirements of applicable
Environmental Laws; (iii) have not received notice of any material violation or alleged violation of any Environmental Law or Environmental Permit; and (iv) are not subject to any material actual or, to their knowledge, contingent
Environmental Claim. 
 (b) None of the present or previously owned or operated Properties of the Parent or any of its present or former
Subsidiaries, wherever located, (i) has been placed on or proposed to be placed on the National Priorities List, CERCLIS, or their state or local analogs, nor has the Parent or any of its Subsidiaries been otherwise notified of the designation,
listing or identification of any Property of the Parent or any of its present or former Subsidiaries as a potential site for removal, remediation, cleanup, closure, restoration, reclamation, or other response activity (“Response”)
under any Environmental Laws (except as such activities may be required by permit conditions); (ii) is subject to a Lien, arising under or in connection with any Environmental Laws, that attaches to any revenues or to any Property owned or
operated by the Parent or any of its present or former Subsidiaries, wherever located; or (iii) has been the site of any Release (as defined under any Environmental Law) of Hazardous Material from present or past operations which has caused at
the site or at any third-party site any condition that has resulted in or could reasonably be expected to result in the need for Response (as defined under any Environmental Law) and that could, individually or in the aggregate, reasonably be
expected to result in liabilities in the aggregate in excess of $3,000,000 and none of the Parent or any of its present or former Subsidiaries has generated or transported or has caused to be generated or transported Hazardous Material to any third
party site which could reasonably be expected to result in the need for Response that could, individually or in the aggregate, reasonably be expected to result in liabilities in the aggregate in excess of $3,000,000. 
 Section 4.13 Insurance. 
 (a)
Schedule 4.13 sets forth a true, complete and correct description of all insurance maintained by the Parent and its Subsidiaries as of the Closing Date. As of such date, such insurance is in full force and effect and all premiums have been
duly paid. 
 (b) The properties of the Parent and its Subsidiaries are insured with financially sound and reputable insurance companies not
Affiliates of the Parent or any of its Subsidiaries, in such amounts, with such deductibles and covering such risks as are customarily carried by companies engaged in similar businesses and owning similar properties in localities where the Parent
and its Subsidiaries operate. 
 (c) The Borrower shall cause all such insurance to name the Administrative Agent, for the ratable benefit of
the Participants, as “loss payee” under its property loss policies and as “additional insured” on its comprehensive and general liability policies. 
  

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 Section 4.14 Taxes. In accordance with the tax laws, regulations, official pronouncements and
practices of each tax jurisdiction, the Parent and each of its Subsidiaries has filed or is in the process of filing all material Federal, state and other tax returns and reports required to be filed, and have paid or will pay, before the same shall
become in default, 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 those which are being contested or extended
in good faith by appropriate proceedings diligently conducted and for which adequate reserves have been provided in accordance with GAAP. There is no proposed tax assessment against the Parent or any Subsidiary thereof that would, if made, have a
Material Adverse Effect. 
 Section 4.15 ERISA Compliance. 
 (a) The Parent and its ERISA Affiliates is in compliance in all material respects with the applicable provisions of ERISA and the Code and the regulations
and published interpretations thereunder. 
 (b) Each Plan is in compliance in all material respects with the applicable provisions of ERISA,
the Code and other Federal or state Laws. Each Plan that is intended to qualify under Section 401(a) of the Code has received a favorable determination letter from the IRS or an application for such a letter is currently being processed by the
IRS with respect thereto and, to the best knowledge of the Parent, nothing has occurred which would prevent, or cause the loss of, such qualification. The Parent and each ERISA Affiliate have made all required contributions to each Plan subject to
Section 412 of the Code, and no application for a funding waiver or an extension of any amortization period pursuant to Section 412 of the Code has been made with respect to any Plan. 
 (c) (i) No ERISA Event has occurred or is reasonably expected to occur that, when taken together with all other such ERISA Events, could reasonably
be expected to result in material liability of the Parent or any of its ERISA Affiliates; (ii) no Pension Plan has any Unfunded Pension Liability; (iii) neither the Parent nor any ERISA Affiliate has incurred, or reasonably expects to
incur, any liability under Title IV of ERISA with respect to any Pension Plan (other than premiums due and not delinquent under Section 4007 of ERISA); (iv) neither the Parent nor any ERISA Affiliate has incurred, or reasonably expects to
incur, any liability (and no event has occurred which, with the giving of notice under Section 4219 of ERISA, would result in such liability) under Sections 4201 or 4243 of ERISA with respect to a Multiemployer Plan; and (v) neither the
Parent nor any ERISA Affiliate has engaged in a transaction that could be subject to Sections 4069 or 4212(c) of ERISA. 
 Section 4.16
Security Interests. 
 (a) The Security Agreement is effective to create in favor of the Collateral Agent, for the ratable benefit of
the Secured Parties, a legal, valid and enforceable security interest in the Collateral (as defined in such Security Agreement) and, when financing statements in appropriate form are filed in the offices specified on Schedule I to the Security
Agreement, such Security Agreement shall constitute a fully perfected Lien on, and security interest in, all right, title and interest of the grantors thereunder in such portion of the Collateral in which a security 
  

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 interest may be perfected by the filing of a financing statement under the applicable Uniform Commercial Code, in each
case prior and superior in right to any other person, other than Permitted Liens. 
 (b) The Pledge Agreement is effective to create in favor
of the Administrative Agent, for the ratable benefit of the Secured Parties, a legal, valid and enforceable security interest in the Collateral (as defined in such Pledge Agreement) and, when such Collateral (to the extent such Collateral
constitutes an instrument under the applicable Uniform Commercial Code) is delivered to such Administrative Agent, such Pledge Agreement shall constitute a fully perfected first priority Lien on, and security interest in, all right, title and
interest of the pledgors thereunder in such Collateral, in each case prior and superior in right to any other person. 
 (c) Each Mortgage
with respect to the Mortgaged Vessels is effective to create for the ratable benefit of the Secured Parties a legal, valid and enforceable security interest in the Mortgaged Vessels and, when appropriate filings or registrations are made with the
appropriate registration office of the country where such Mortgaged Vessel is flagged or such other Person as may be required by local law, the Collateral Agent shall have a fully perfected Lien on all right, title and interest of the applicable
Loan Party thereunder in the applicable Mortgaged Vessel as of the Closing Date, prior and superior in right to any other person, other than Permitted Liens. 
 (d) Each Mortgage with respect to the Mortgaged Property is effective to create for the ratable benefit of the Secured Parties a legal, valid and enforceable security interest in all Collateral (as defined in such
Mortgage) and, when appropriate filings or registrations are made with the county clerk of each county where such Mortgaged Property is located, such Mortgage shall constitute a fully perfected Lien on all right, title and interest of the applicable
Loan Party thereunder in the applicable Mortgaged Property as of the Closing Date, prior and superior in right to any other person, other than Permitted Liens. 
 Section 4.17 Bank Accounts. Schedule 4.17 sets forth the account numbers and locations of all bank accounts of the Parent and its Subsidiaries as of the Closing Date, except those accounts that
would be excluded pursuant to Section 6.19. 
 Section 4.18 Labor Relations. Except as set forth on Schedule
4.18, there (a) is no unfair labor practice complaint pending against the Parent or any of its Subsidiaries or, to the knowledge of any Responsible Officer thereof, threatened against any of them, before the National Labor Relations Board
(or any successor United States federal agency that administers the National Labor Relations Act), and no grievance or arbitration proceeding arising out of or under any collective bargaining agreement is so pending against the Parent or any of its
Subsidiaries or, to the knowledge of any Responsible Officer thereof, threatened against any of them, (b) are no strikes, lockouts, slowdowns or stoppage against the Parent or any Subsidiary pending or, to the knowledge of any Loan Party,
threatened and (c) no union representation petition existing with respect to the employees of the Parent or any of its Subsidiaries and no union organizing activities are taking place. The hours worked by and payments made to employees of the
Parent and the Subsidiaries have not been in violation of the Fair Labor Standards Act or any other applicable federal, state, provincial, local or foreign law dealing with such matters, except where such violation, either individually or in the
aggregate, could not 
  

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 reasonably be expected to have a Material Adverse Effect. All payments due from the Parent or any Subsidiary, or for
which any claim may be made against the Parent or any Subsidiary, on account of wages and employee health and welfare insurance and other benefits, have been paid or accrued as a liability on the books of the Parent or such Subsidiary, except where
the failure to do the same, either individually or in the aggregate, could not reasonably be expected to result in a Material Adverse Effect. The consummation of the transactions contemplated hereby will not give rise to any right of termination or
right of renegotiation on the part of any union under any collective bargaining agreement to which the Parent or any Subsidiary is bound. 
 Section 4.19 Intellectual Property. The Parent and each of its Subsidiaries owns or is licensed or otherwise has full legal right to use all of the patents, trademarks, service marks, trade names, copyrights, franchises,
authorizations and other rights that are reasonably necessary for the operation of its business, without conflict with the rights of any other Person with respect thereto, except where the absence of such rights could not reasonably be expected to
have a Material Adverse Effect. 
 Section 4.20 Solvency. Immediately following the making of each LC Advance and after giving
effect to the application of the proceeds of each LC Advance, (a) the fair value of the assets of each Loan Party will exceed its debts and liabilities, subordinated, contingent or otherwise; (b) the present fair saleable value of the
property of each Loan Party will be greater than the amount that will be required to pay the probable liability of its debts and other liabilities, subordinated, contingent or otherwise, as such debts and other liabilities become absolute and
matured; (c) each Loan Party will be able to pay its debts and liabilities, subordinated, contingent or otherwise, as such debts and liabilities become absolute and matured; and (d) each Loan Party will not have unreasonably small capital
with which to conduct the business in which it is engaged as such business is now conducted and is proposed to be conducted following the Closing Date. 
 Section 4.21 Senior Indebtedness. The obligations of the Loan Parties hereunder constitute senior indebtedness (however denominated) in respect of any Subordinated Debt of the Borrower and its
Subsidiaries. 
 Section 4.22 Margin Regulations. None of the Loan Parties is engaged and will engage, principally or as one of
its important activities, in the business of purchasing or carrying margin stock (within the meaning of Regulation U), or extending credit for the purpose of purchasing or carrying margin stock. No part of the proceeds of any Advance will be used,
whether directly or indirectly, and whether immediately, incidentally or ultimately, to purchase or carry any margin stock (within the meaning of Regulation U) or to refinance any Debt originally incurred for such purpose, or for any other purpose
that entails a violation of, or that is inconsistent with, the provisions of the Regulations of the Board, including Regulation T, U or X. 
 Section 4.23 Investment Company Act. None of the Parent, any Person Controlling the Parent, or any Subsidiary is or is required to be registered as an “investment company” under the Investment Company Act of 1940.

  

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 Section 4.24 Names and Locations. As of the Closing Date, Schedule 4.24 sets forth
(a) all legal names and all other names (including trade names, fictitious names and business names) under which the Loan Parties currently conduct business, or has at any time during the past five years conducted business, (b) the name of
any entity which any Loan Party has acquired in whole or in part or from whom any Loan Party has acquired a significant amount of assets within the past five years, (c) the state or other jurisdiction of organization or incorporation for each
Loan Party and sets forth each Loan Party’s organizational identification number or specifically designates that one does not exist, and (d) the location of the chief executive offices of the Loan Parties. 
 ARTICLE V 
 AFFIRMATIVE COVENANTS

 So long as the LC Advances or any amount under any Loan Document shall remain unpaid, any Participant shall have any Commitment
hereunder, or there shall exist any Letter of Credit Exposure, each Loan Party shall, and shall cause each of its Subsidiaries to: 
 Section 5.01 Preservation of Existence, Etc. Except as permitted by Section 6.03 or as a direct result of the discontinuance of the Nigerian Operations, (a) preserve, renew and maintain in full force and effect
its legal existence and good standing under the Legal Requirements of the jurisdiction of its formation, (b) take all reasonable action to obtain, preserve, renew, extend, maintain and keep in full force and effect all rights, privileges,
permits, licenses, authorizations and franchises necessary or desirable in the normal conduct of its business, and (c) qualify and remain qualified as a foreign entity in each jurisdiction in which qualification is necessary in view of its
business and operations or the ownership of its Properties. 
 Section 5.02 Compliance with Laws, Etc. Comply in all material
respects with all Legal Requirements (including without limitation, all Environmental Laws and ERISA) applicable to it or to its business or property, except in such instances in which such Legal Requirement is being contested in good faith by
appropriate proceedings diligently conducted. 
 Section 5.03 Maintenance of Property. (a) Maintain and preserve all
Property material to the conduct of its business and keep such Property in good repair, working order and condition, ordinary wear and tear excepted, (b) except with respect to the discontinuance of the Nigerian Operations, from time to time
make, or cause to be made, all needful and proper repairs, renewals, additions, improvements and replacements thereto necessary in order that the business carried on in connection therewith may be properly conducted at all times and (c) use the
standard of care typical in the industry in the operation and maintenance of its facilities. 
 Section 5.04 Maintenance of
Insurance. 
 (a) Maintain with financially sound and reputable insurance companies not Affiliates of the Parent or any of its
Subsidiaries, insurance with respect to its Properties and business, to the extent and against loss or damage of the kinds customarily insured against by Persons engaged in the same or similar business, of such types and in such amounts as are
customarily carried under similar circumstances by such other Persons and such other insurance as may be required by law, including without limitation, political risk insurance consistent with that maintained on the date of this Agreement.

  

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 (b) (i) Cause all such policies covering any Collateral to be endorsed or otherwise amended to
include a customary lender’s loss payable endorsement, in form and substance satisfactory to the Collateral Agent, which endorsement shall provide that, from and after the Closing Date, if the insurance carrier shall have received written
notice from the Collateral Agent of the occurrence of an Event of Default, the insurance carrier shall pay all proceeds otherwise payable to a Loan Party under such policies directly to the Collateral Agent; (ii) deliver original or certified
copies of all such policies to the Collateral Agent; cause each such policy to provide that it shall not be canceled, modified or not renewed upon not less than 30 days’ prior written notice thereof by the insurer to the Collateral Agent; and
(iii) deliver to the Collateral Agent, prior to the cancellation, modification or nonrenewal of any such policy of insurance, a copy of a renewal or replacement policy (or other evidence of renewal of a policy previously delivered to the
Collateral Agent) together with evidence satisfactory to the Collateral Agent of payment of the premium therefor. 
 (c) If at any time the
area in which the Premises (as defined in the Mortgages) are located is designated (i) a “flood hazard area” in any Flood Insurance Rate Map published by the Federal Emergency Management Agency (or any successor agency), obtain flood
insurance in such total amount as required by Regulation H of the Board, as the same is from time-to-time in effect, and all official rulings and interpretations thereunder or thereof may from time to time require, and otherwise comply with the
National Flood Insurance Program as set forth in the Flood Disaster Protection Act of 1973, as it may be amended from time to time. 
 (d)
With respect to any Mortgaged Property, carry and maintain comprehensive general liability insurance including the “broad form CGL endorsement” and coverage on an occurrence basis against claims made for personal injury (including bodily
injury, death and property damage) and umbrella liability insurance against any and all claims, in no event for a combined single limit of less than that indicated on Schedule 4.13, naming the Collateral Agent as an additional insured, on
forms satisfactory to the Collateral Agent. 
 (e) Apply any proceeds received from any policies of insurance relating to any Collateral to
the Obligations as set forth in Section 2.08(b) or as reinvested in a Qualified Investment. 
 Section 5.05 Payment of
Taxes, Etc. Pay and discharge as the same shall become due and payable, all its obligations and liabilities in accordance with their terms, including (a) all taxes, assessments and governmental charges or levies imposed upon it or upon its
income or profits or in respect of its Property, unless the same are being contested in good faith by appropriate proceedings diligently conducted and adequate reserves in accordance with GAAP are being maintained by the applicable Person,
(b) all lawful claims which, if unpaid, might by law become a Lien upon its Property; and (c) all Debt, as and when due and payable, but subject to any subordination provisions contained in any instrument or agreement evidencing such Debt.

 Section 5.06 Reporting Requirements. Deliver to the Administrative Agent and each Participant, in form and detail satisfactory
to the Administrative Agent and the Participants: 
  

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 (a) Audited Annual Financials. Within ten days after the date in each fiscal year on which the
Parent is required to file its Annual Report on Form 10-K with the SEC, copies of the audited consolidated balance sheets of the Parent and its Subsidiaries as at the end of such fiscal year, together with the related audited consolidated statements
of income or operations, shareholders’ equity and cash flows for such fiscal year, and the notes thereto, all in reasonable detail and setting forth in each case in comparative form the audited consolidated figures as of the end of and for the
previous fiscal year, all in reasonable detail and prepared in accordance with GAAP and accompanied by a report and opinion of an independent certified public accountant reasonably acceptable to the Participants, which report and opinion shall be
prepared in accordance with generally accepted auditing standards and shall not be subject to any “going concern” or like qualification or exception or any qualification or exception as to the scope of such audit and shall state that such
consolidated financial statements present fairly, in all material respects, the consolidated financial position of the Parent and its respective Subsidiaries as at the end of such fiscal year and their consolidated results of operations and cash
flows for such fiscal year in conformity with GAAP (or words substantially similar to the foregoing) and that the examination by such accountants in connection with such consolidated financial statements has been made in accordance with generally
accepted auditing standards; 
 (b) Quarterly Financials. Within five days after each date in each fiscal year on which the Parent is
required to file a Quarterly Report on Form 10-Q with the SEC, a consolidated balance sheet of the Parent and its Subsidiaries as at the end of such fiscal quarter, and the related consolidated statements of income or operations, shareholders’
equity and cash flows for such fiscal quarter and for the portion of the Parent’s fiscal year then ended, and setting forth in comparative form the consolidated figures for the corresponding fiscal quarter of the previous fiscal year and the
corresponding portion of the previous fiscal year, all in reasonable detail and certified by a Financial Officer of the Parent as fairly presenting the financial condition, results of operations, shareholders’ equity and cash flows of the
Parent and its Subsidiaries in accordance with GAAP, subject only to normal year-end audit adjustments and the absence of footnotes; 
 (c)
Compliance Certificates. (i) Concurrently with the delivery of the financial statements referred to in Section 5.06(a), a certificate of its independent certified public accountants rendering the report thereon stating
whether, in connection with their audit examination, anything has come to their attention which would cause them to believe that any Default or Event of Default with respect to accounting matters existed on the date of such financial statements, and
if such a condition or event has come to their attention, specifying in reasonable detail the nature and period, if known, of existence thereof and (ii) concurrently with the delivery of the financial statements referred to in Sections
5.06(a) and (b), a duly completed Compliance Certificate signed by a Financial Officer of the Parent; 
 (d) [Reserved];

 (e) Management Letters. Promptly upon receipt thereof, copies of any detailed audit reports, management letters and any reports as
to material inadequacies in accounting controls (including reports as to the absence of any such inadequacies) or recommendations submitted to the board of directors (or the audit committee of the board of directors) of the Parent by independent
accountants in connection with the accounts or books of the Parent or any Subsidiary thereof, or any audit of any of them; 
  

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 (f) Securities Law Filings and other Public Information. Promptly after the same are available,
copies of each annual report, proxy or financial statement or other report or communication sent to the stockholders of the Parent, and copies of all annual, regular, periodic and special reports and registration statements which the Parent may file
or be required to file with the SEC under Section 13 or 15(d) of the Securities Exchange Act of 1934 or any other securities Governmental Authority, and not otherwise required to be delivered to the Administrative Agent pursuant hereto;

 (g) USA Patriot Act. Promptly, following a request by any Participant, all documentation and other information that such
Participant reasonably requests in order to comply with its ongoing obligations under applicable “know your customer” and anti-money laundering rules and regulations, including the USA Patriot Act; and 
 (h) Other Information. Such other information respecting the business, Properties or Collateral, or the condition or operations, financial or
otherwise, of the Parent and its Subsidiaries as the Administrative Agent or any Participant may from time to time reasonably request. 
 Documents required
to be delivered pursuant to Section 5.06(a), (b), (f) or (h) (to the extent any such documents are included in materials otherwise filed with the SEC) may be delivered electronically and if so delivered,
shall be deemed to have been delivered on the date (i) on which the Parent posts such documents, or provides a link thereto on the Parent’s website on the Internet at the website address listed on Schedule 10.02; or (ii) on
which such documents are posted on the Parent’s behalf on IntraLinks/IntraAgency or another relevant website (including, without limitation, the SEC’s website), if any, to which each Participant and the Administrative Agent have access
(whether a commercial, third-party website or whether sponsored by the Administrative Agent); provided that: (i) the Parent shall deliver paper copies of such documents to the Administrative Agent or any Participant that requests the
Parent to deliver such paper copies and (ii) the Parent shall notify (which may be by facsimile or electronic mail) the Administrative Agent (and the Administrative Agent shall promptly notify the Participants thereof) of the posting of any
such documents and provide to the Administrative Agent (and the Administrative Agent shall promptly provide such documents to the Participants) by electronic mail electronic versions (i.e., soft copies) of such documents. The Administrative Agent
shall not have an obligation to request the delivery or to maintain copies of the documents referred to above, and in any event shall have no responsibility to monitor compliance by the Parent with any such request for delivery, and each Participant
shall be solely responsible for requesting delivery to it or maintaining its copies of such documents. 
 The Borrower hereby acknowledges
that (a) the Administrative Agent and/or the Agents will make available to the Participants and the Issuing Bank materials and/or information provided by or on behalf of the Loan Parties hereunder (collectively, “Borrower
Materials”) by posting the Borrower Materials on IntraLinks or another similar electronic system (the “Platform”) and (b) certain of the Participants may be “public-side” Participants (i.e., Participants that
do not wish to receive material non-public information with respect to any Loan 
  

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 Party or its securities) (each, a “Public Participant”). Each Loan Party agrees to make all Borrower
Materials that the Loan Parties intend to not be made available to Public Participants clearly and conspicuously designated by such Loan Party as “PRIVATE.” By designating Borrower Materials as “PRIVATE,” such Borrower Materials
will not be made available to that portion of the Platform designated “Public Investor,” which is intended to contain only information that (x) prior to any public offering of securities by any Loan Party, is of a type that would be
contained in a customary offering circular for an offering of debt securities made in reliance on Rule 144A under the Securities Act or (y) following any public offering of securities by a Loan Party, is either publicly available or not
material information (though it may be sensitive and proprietary) with respect to such Loan Party or its securities for purposes of United States Federal and State securities laws. 
 Section 5.07 Other Notices. Deliver to the Administrative Agent prompt written notice of the following: 
 (a) Defaults. The occurrence of any Default or Event of Default or any other Debt of the Parent or any of its Subsidiaries being declared due and
payable before its expressed maturity, or any holder of such Debt having the right to declare such Debt due and payable before its expressed maturity, because of the occurrence of any default (or any event which, with notice and/or the lapse of
time, shall constitute any default) under such Debt; 
 (b) Litigation. The filing or commencement of, or any threat or notice of
intention of any person to file or commence, any action, suit or proceeding, whether at law or in equity or by or before any Governmental Authority, against the Parent, any Subsidiary or any Affiliate thereof, or any material development in any such
action, suit, proceeding, that, in either case, could reasonably be expected to result in a liability of the Parent or any of its Subsidiaries in an aggregate amount exceeding $5,000,000; and 
 (c) ERISA Events. The occurrence of any ERISA Event that, alone or together with any other ERISA Events that have occurred, could reasonably be
expected to result in liability of the Parent or any of its Subsidiaries in an aggregate amount exceeding $5,000,000; 
 (d) Environmental
Notices. A copy of any form of notice, summons, material correspondence or citation received from any Governmental Authority or any other Person, concerning (i) material violations or alleged violations of Environmental Laws, which seeks or
threatens to impose liability therefor, (ii) any material action or omission on the part of the Borrower or any of its Subsidiaries in connection with Hazardous Material, (iii) any notice of potential responsibility or liability under any
Environmental Law, or (iv) concerning the filing of a Lien other than a Permitted Lien upon, against or in connection with the Parent or any of its Subsidiaries, or any of their leased or owned material Property, wherever located; 

(e) Collateral. Furnish to the Collateral Agent: 
 (i) written notice of: 
 (A) any change of its legal name, corporate structure, jurisdiction
of organization or formation or its organizational identification number or the creation or acquisition of any Person that will become a Subsidiary of the Parent, within 30 days before the occurrence thereof; 
  

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 (B) an Asset Disposition with respect to any Property with a market value in excess of
$500,000 for any transaction or series of transactions or $1,000,000 in the aggregate during any calendar year within 40 days after the occurrence thereof; 
 (C) an Event of Loss with respect to any portion of Collateral with a market value in excess of $2,500,000 promptly and in any event within 15 Business Days after the occurrence thereof; 
 (D) any material correspondence received by any Loan Party from any insurer with respect to any insurance maintained in accordance with
Section 5.04 promptly and in any event with five Business Days after the receipt thereof; and 
 (ii) from time to
time upon request, statements and schedules further identifying, updating, and describing the Collateral and such other information, reports and evidence concerning the Collateral, as Collateral Agent may reasonably request, all in reasonable
detail; 
 (f) Casualties and Takings. Any actual or constructive loss by reason of fire, explosion, theft or other casualty, of any
Property of any Loan Party or any taking of title to, or the use of, any Property of any Loan Party pursuant to eminent domain or condemnation proceedings or any settlement or compromise thereof, in each case, with a value equal to or greater than
$2,500,000, and a certificate of a Responsible Officer of the Borrower describing the nature and status of such occurrence; 
 (g) Press
Releases. To the extent not otherwise provided for herein, as soon as available, any press release or other public announcement or statement by any Loan Party; 
 (h) Material Changes. Any development that has resulted in, or could reasonably be expected to result in, a Material Adverse Effect. 
 Each notice pursuant to this Section shall be accompanied by a statement of a Responsible Officer of the Borrower setting forth details of the occurrence referred to therein and stating what action the Borrower have
taken and propose to take with respect thereto. Each notice pursuant to Section 5.07(a) shall describe with particularity any and all provisions of this Agreement and any other Loan Document that have been breached. Documents required to
be delivered pursuant to this Section 5.07 shall be posted by the Administrative Agent on IntraLinks/IntraAgency or another relevant website to which each Participant and the Administrative Agent have access (whether a commercial,
third-party website or whether sponsored by the Administrative Agent) and the Administrative Agent shall promptly notify each Participant of such posting. 
 Section 5.08 Books and Records; Inspection. (a) Keep proper records and books of account in which full, true and correct entries will be made in accordance with GAAP and all Legal Requirements,
reflecting all financial transactions and matters involving the assets and business of the Parent and its Subsidiaries; (b) maintain such books of record and account in 
  

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 material conformity with all applicable requirements of any Governmental Authority having regulatory jurisdiction over
the Parent and its Subsidiaries, as the case may be; and (c) from time-to-time during regular business hours upon reasonable prior notice, permit representatives and independent contractors of the Collateral Agent, the Administrative Agent and
each Participant to (i) visit and inspect any of its Properties, (ii) to examine its corporate, financial and operating records, and make copies thereof or abstracts therefrom and (iii) to discuss its affairs, finances and accounts
with its directors, officers, and independent public accountants, all at the expense of the Borrower and at such reasonable times during normal business hours and as often as may be reasonably desired, upon reasonable advance notice to the
applicable Loan Party or Subsidiary; provided that the Loan Parties shall be responsible for such expenses not more than one (1) time per year unless an Event of Default has occurred and is continuing, in which case the Loan Parties
shall be responsible for all such expenses. 
 Section 5.09 Agreement to Pledge. Cause each Wholly-Owned Subsidiary to, grant to
the Collateral Agent an Acceptable Security Interest in any Property of such Person now owned or hereafter acquired, other than the Excluded Collateral. 
 Section 5.10 Use of Proceeds. Use the proceeds of the LC Advances and Letters of Credit for general corporate purposes. 
 Section 5.11 Nature of Business. Except as a direct result of the Nigerian Operations, maintain and operate such business in substantially the manner in which it is conducted and operated as of the Closing
Date. 
 Section 5.12 Additional Guarantors. Promptly after any Person becomes a Material Subsidiary (and in any event within 30
days) or before or contemporaneously with a Letter of Credit being issued on behalf of such Subsidiary, (a) cause such Person to (i) become a Guarantor by executing and delivering to the Administrative Agent a counterpart of this Agreement
or such other document as the Administrative Agent shall deem appropriate for such purpose, (ii) deliver to the Administrative Agent documents of the types referred to in clauses Section 3.01(a)(ix), (x), (xi) and
(xii) and favorable opinions of counsel to such Person (which shall cover, among other things, the legality, validity, binding effect and enforceability of the documentation referred to in clause (i)), all in form, content and scope
reasonably satisfactory to the Administrative Agent and (iii) execute such other Security Documents as the Collateral Agent, the Administrative Agent or any Participant may reasonably request, in each case to secure the Obligations and
(b) cause the stockholder of such Person to execute a Pledge Agreement pledging (i) 100% of its interests in the Equity Interest of such Person to secure the Obligations and such evidence of corporate authority to enter into and such legal
opinions in relation to such Pledge Agreement as the Administrative Agent may reasonably request, along with share certificates pledged thereby and appropriately executed stock powers in blank. 
 Section 5.13 Additional Collateral Requirements. 
 (a) Deposit Accounts. Except as otherwise provided in Section 6.19, establish lockboxes and blocked accounts (collectively, “Blocked Accounts”) in the name of the Parent or any of
its Subsidiaries with such banks (“Collecting Banks”) as are reasonably acceptable to the Collateral Agent (subject to irrevocable instructions acceptable to Collateral Agent as hereinafter 
  

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 set forth) or with the Collateral Agent and all invoices evidencing accounts shall bear a notice that such invoices are
payable to such Blocked Accounts and in which the Parent or one of its Subsidiaries, as applicable, will immediately deposit all payments made for Inventory, Accounts or other payments constituting proceeds of Collateral, in the case of the Parent
and its Subsidiaries, in the identical form in which such payment was made, whether by cash or check. The Collecting Banks shall acknowledge and agree, pursuant to an Account Control Agreement, that all payments made to the Blocked Accounts are for
the benefit of the Collateral Agent and the Secured Parties, and that the Collecting Banks have no right to setoff against the Blocked Accounts, other than for customary charges of the Collecting Bank for depositary services. Upon the occurrence and
continuance of an Event of Default, the Parent and each Subsidiary shall irrevocably instruct each Collecting Bank to promptly transfer all payments or deposits (with certain exceptions as agreed to by the Collateral Agent) into the Blocked Accounts
into the Collateral Agent’s Account on each Business Day. If any Loan Party shall receive any monies, checks, notes, drafts or any other payments relating to and/or proceeds of accounts or other Collateral, such Person shall hold such
instrument or funds in trust for the Collateral Agent, and, immediately upon receipt thereof, shall remit the same or cause the same to be remitted, in kind, to the Blocked Accounts or after the occurrence and continuance of an Event of Default, to
the Collateral Agent at its address set forth in Section 10.02 below; 
 (b) Notwithstanding the foregoing, nothing set forth in
this Section 5.13 shall require the creation or perfection of pledges of or security interests in particular assets if and for so long as, in the judgment of the Collateral Agent, the cost of creating or perfecting such pledges or
security interests in such assets shall be excessive in view of the benefits to be obtained by the Participants therefrom. The Collateral Agent may grant extensions of time for the perfection of security interests in particular assets (including
extensions beyond the Closing Date for the perfection of security interests in the assets of the Loan Parties on such date) where it determines that perfection cannot be accomplished without undue effort or expense by the time or times at which it
would otherwise be required by this Agreement or the Security Documents. 
 Section 5.14 Swap Contracts. Enter into and maintain
Swap Contracts in form and substance satisfactory to the Administrative Agent, with counterparties, and covering notional volumes and periods acceptable to the Administrative Agent. 
 Section 5.15 Further Assurances in General. Execute any and all further documents, financing statements, agreements and instruments, and take
all such further actions (including the filing and recording of financing or continuation statements or amendments thereto (or similar documents required by any laws of any applicable jurisdiction)), which may be required under any Legal
Requirement, or which the Administrative Agent, the Collateral Agent or the Majority Participants may reasonably request, all at the expense of the Borrower. The Borrower also agrees to provide to the Collateral Agent, from time to time upon
request, evidence reasonably satisfactory to the Collateral Agent as to the perfection and priority of the Liens created or intended to be created by the Security Documents. The Borrower agrees not to effect or permit any change referred to in
Section 5.07(e) unless all filings have been made under the Uniform Commercial Code or otherwise that are required in order for the Collateral Agent to continue at all times following such change to have, and each Loan Party agrees to
take all necessary action to ensure that the Collateral Agent does continue at all times to have, a valid, legal and perfected security interest in all the Collateral. 
  

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 Section 5.16 Post-Closing Requirements. Within 30 days following the Closing Date (or such
later date as is acceptable to the Collateral Agent), the Borrower shall deliver: 
 (a) favorable opinions reasonably satisfactory to the
Collateral Agent from local counsel located in Nigeria and the Cayman Islands and, to the extent an Acceptable Security Interest can be obtained in the Equity Interests of The Oman Construction Company, LLC, in Oman; 
 (b) (i) as indicated on Schedule 1.01(c), Mortgages executed by each Loan Party that owns Mortgaged Property granting a Lien to the
Collateral Agent in the Mortgaged Property described therein to secure the Obligations, together with any other documents, agreements or instruments necessary to create an Acceptable Security Interest in such Mortgaged Property; 
 (ii) favorable opinions from local counsel located in the jurisdiction of each Mortgaged Property; 
 (iii) ALTA lender’s title insurance policies issued by title insurers reasonably satisfactory to the Agent (the “Mortgage
Policies”) in form and substance and in amounts reasonably satisfactory to the Agent assuring the Agent that the Mortgages are valid and enforceable first priority mortgage liens on the respective Mortgaged Property, free and clear of all
defects and encumbrances except Permitted Liens; and 
 (iv) current surveys, certified by a licensed surveyor, for all real
property that is the subject of the Mortgage Policies for which a Mortgage Policy is issued; 
 (c) to the extent permitted by applicable law
and their organizational documents, obtain an Acceptable Security Interest in personal Property with respect to Willbros (Nigeria) Limited and Willbros (Offshore) Nigeria Limited; 
 (d) obtain an Acceptable Security Interest in the Equity Interests held by a Loan Party in Willbros (Nigeria) Limited, Willbros (Offshore) Nigeria
Limited and, to the extent permitted by local law and its organizational documents, The Oman Construction Company, LLC; 
 (e) obtain an
Acceptable Security Interest in the Equity Interests in Willbros West Africa, Inc. owned by WG Nigeria Holdings Limited; and 
 (f) obtain an
Acceptable Security Interest in the Equity Interests of Willbros MSI Canada Inc. and the Borrower, together with a favorable opinion reasonably satisfactory to the Collateral Agent from local counsel located in The Netherlands. 
 Section 5.17 Minimum Cash Requirements. Maintain cash and Cash Equivalents of at least $10,000,000 at all times. 
  

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 ARTICLE VI 
 NEGATIVE COVENANTS 
 So long as the LC Advances or any amount under any Loan Document shall remain
unpaid, any Participant shall have any Commitment, or there shall exist any Letter of Credit Exposure, no Loan Party shall, and shall cause each of its Subsidiaries not to: 
 Section 6.01 Liens, Etc. Create, assume, incur or suffer to exist, any Lien on or in respect of any of its Property whether now owned or
hereafter acquired, other than the following (“Permitted Liens”): 
 (a) Liens created pursuant to any Loan Document;

 (b) Excepted Liens; 
 (c)
Liens existing on the Closing Date and described in Schedule 6.01; provided that such Liens shall secure only those obligations which they secure on the date hereof and extensions, renewals and replacements thereof permitted hereunder;

 (d) Liens securing Debt permitted under Section 6.02(f) and Section 6.02(j); provided that (i) such
Liens do not at any time encumber any property other than the property financed by such Debt and the Proceeds thereof, and (ii) the Debt secured thereby does not exceed the lesser of the cost or fair market value of the property being acquired
or financed on the date of acquisition or financing; and 
 (e) other Liens securing obligations, actual or contingent, in an aggregate
amount not greater than $2,000,000 at any time. 
 Section 6.02 Debts, Guaranties and Other Obligations. Create, assume, suffer
to exist or in any manner become or be liable, in respect of any Debt except: 
 (a) Debt under the Loan Documents; 
 (b) Debt existing on the Closing Date and described in Schedule 6.02 and any refinancings, extensions, renewals or replacements of such Debt to
the extent the principal amount of such Debt is not increased, neither the final maturity nor the weighted average life to maturity of such Debt is decreased, such Debt, if subordinated to the obligations of a Loan Party hereunder, remains so
subordinated on terms no less favorable to the Participants and no more restrictive on the Loan Parties than the Subordinated Debt being refinanced, and in an amount not less than the amount outstanding at the time of refinancing; 
 (c) Debt of the Loan Parties to another Loan Party; provided that (i) such Debt of any Loan Party is subordinated to the Obligations pursuant
to a subordination agreement in form and substance reasonably acceptable to the Administrative Agent; and (ii) any such loans and advances made by a Loan Party shall be evidenced by a promissory note pledged to the Administrative Agent for the
ratable benefit of the Secured Parties; 
  

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 (d) Debt of the Loan Parties to Subsidiaries that are not Loan Parties; provided that such Debt
would be a permitted Investment pursuant to Section 6.05(e); 
 (e) Guarantees of the Parent or any Wholly-Owned Subsidiary in
respect of Debt or other obligations otherwise permitted hereunder of the Parent or any Wholly-Owned Subsidiary; 
 (f) Capital Leases
incurred to make Capital Expenditures permitted pursuant to Section 6.15; 
 (g) obligations (contingent or otherwise) of the
Parent or any Wholly-Owned Subsidiary existing or arising under any Swap Contract, provided that such obligations are (or were) entered into by such Person in the ordinary course of business for the purpose of directly mitigating risks
associated with liabilities, commitments, investments, assets, or property held or reasonably anticipated by such Person, or changes in the value of securities issued by such Person, and not for purposes of speculation or taking a “market
view”; 
 (h) the Convertible Senior Notes; 
 (i) unsecured Debt in an aggregate principal amount not to exceed $10,000,000 at any time outstanding; and 
 (j) secured Debt secured solely by interests or contract rights in the Government Fueling Facilities incurred in connection with the construction of the Government Fueling Facilities; provided, however that such Debt is
non-recourse to the Parent and its Subsidiaries, neither the Parent nor any of its Subsidiaries shall have any liability whatsoever, whether direct or indirect, contingent or otherwise, for such Debt and the provider of such Debt shall have no
recourse to any assets of the Parent and its Subsidiaries (other than the Government Fueling Facilities). 
 Section 6.03 Merger or
Consolidation. Merge, dissolve, liquidate, consolidate with or into another Person, or Dispose of (whether in one transaction or in a series of transactions) all or substantially all of its assets (whether now owned or hereafter acquired) to or
in favor of any Person, except that, so long as no Default or Event of Default exists or would result therefrom: 
 (a) (i) any
Subsidiary may merge with the Parent, provided that the Parent shall be the continuing or surviving Person, or (ii) any Guarantor may merge with another Person (other than the Parent), provided that the Guarantor shall be the
continuing or surviving Person or such continuing or surviving Person if not the Guarantor, shall become a Guarantor in accordance with Section 5.12; 
 (b) any Subsidiary may Dispose of all or substantially all of its assets (upon voluntary liquidation or otherwise) to the Parent or to another Wholly-Owned Subsidiary; provided that if the transferor in such a
transaction is a Guarantor, then the transferee must be a Loan Party; 
 (c) the Parent or any of its Subsidiaries may dissolve, liquidate,
consolidate with or into another Person, or transfer (whether in one transaction or in a series of transactions) all or substantially all of its assets (whether now owned or hereafter acquired) if the transaction is directly related to the
discontinuance of the Nigerian Operations; and 
  

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 (d) the Parent may reorganize and/or incorporate under another jurisdiction for the purpose of more
favorable tax treatment, provided that (i) no Change of Control occurs as a result thereof, (ii) the Parent notifies the Administrative Agent at least 90 days prior to such reorganization and provides evidence reasonably
satisfactory to the Collateral Agent as to the continued (A) enforceability of the Parent’s guaranty under Article VIII hereunder and (B) perfection and priority of the Liens created or intended to be created by the Security
Documents, (iii) based on the foregoing, such jurisdiction is reasonably acceptable to the Collateral Agent and (iv) the Parent agrees to execute any and all further documents, financing statements, agreements and instruments, and take all
such further actions (including the filing and recording of financing or continuation statements or amendments thereto (or similar documents required by any laws of any applicable jurisdiction)), which may be required under any Legal Requirement, or
which the Administrative Agent or the Collateral Agent may reasonably request, all at the expense of the Loan Parties, together with evidence of corporate authority to enter into and such legal opinions in relation to such documentation as the
Collateral Agent may reasonably request. 
 Section 6.04 Asset Sales. Make any Asset Disposition or enter into any agreement to
make any Asset Disposition, except: 
 (a) Asset Dispositions of equipment or real property to the extent that (i) such Asset Disposition
is in the ordinary course of business and (ii) (x) such property is exchanged for credit against the purchase price of similar replacement property or (y) the proceeds of such Disposition are reasonably promptly applied to the
purchase price of such replacement property; 
 (b) Asset Dispositions of property by the Parent or any Wholly-Owned Subsidiary to the Parent
or to a Wholly-Owned Subsidiary in the ordinary course of business; provided that if the transferor of such property is a Loan Party, the transferee thereof must be a Loan Party; 
 (c) Asset Dispositions by the Parent and its Wholly-Owned Subsidiaries to any Person that is not a Loan Party or a Subsidiary of any Loan Party not
otherwise permitted under this Section 6.04; provided that (i) at the time of such Disposition, no Default or Event of Default shall exist or would result from such Disposition and (ii) the aggregate of the greatest of
(A) book value, (B) market value and (C) purchase price of all property Disposed of in reliance on this clause (c) in any fiscal year shall not exceed $5,000,000 (or the equivalent in any other currency) during any calendar year
or $10,000,000 (or the equivalent in any other currency) in the aggregate at any time since the Closing Date; and 
 (d) Asset Dispositions
permitted by Section 6.03, Investments permitted by Section 6.05 and Restricted Payments permitted by Section 6.06.  
 Section 6.05 Investments and Acquisitions. Make any Investments or Acquisitions except: 
 (a)
Investments in the form of Cash Equivalents; 
 (b) existing Investments of the Parent and its Subsidiaries in Subsidiaries and other
Investments in existence on the Closing Date; 
  

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 (c) advances to officers, directors and employees of the Parent and Wholly-Owned Subsidiaries in an
aggregate amount not to exceed $1,000,000 at any time outstanding, for travel, entertainment, relocation and analogous ordinary business purposes; 
 (d) Investments of a Loan Party in another Loan Party that is a North American Subsidiary; 
 (e) Investments of a Loan Party in any
North American Subsidiary that is not a Loan Party or any Foreign Subsidiary in an aggregate principal amount not to exceed (i) the amounts permitted by Section 6.20 and (ii) with respect to all other North American
Subsidiaries that are not Loan Parties and Foreign Subsidiaries other than Nigerian Operations, $10,000,000 plus 50% of the net cash proceeds from the sale of Nigerian Operations and/or Nigerian assets at any one time outstanding; 
 (f) Investments consisting of extensions of credit in the nature of accounts receivable or notes receivable arising from the grant of trade credit in the
ordinary course of business, and Investments received in satisfaction or partial satisfaction thereof from financially troubled account debtors to the extent reasonably necessary in order to prevent or limit loss; 
 (g) Debt permitted by Sections 6.02(c) and (d) and Guarantees permitted by Section 6.02; 
 (h) subject to the limitations set forth in (d) and (e) above, Investments in Subsidiaries that become Guarantors pursuant to
Section 5.12; 
 (i) Investments under Swap Contracts permitted under Section 6.02(g); 
 (j) Acquisitions so long as: 
 (i) both before and after giving effect to such acquisition, no Default or Event of Default exists or will exist or would result therefrom; 
 (ii) as soon as available, but not less than five Business Days prior to such acquisition, the Borrower has provided to the Participants a copy of the information provided to the board of directors of the Borrower or
other Loan Party making such acquisition; 
 (iii) the cash consideration paid in connection with such acquisition does not
exceed for each consecutive twelve-month period commencing with the date of this Agreement $5,000,000 for each such consecutive twelve-month period and $10,000,000 in the aggregate since the Closing Date; 
 (iv) (A) if such acquisition is an acquisition of the Equity Interests of a Person, the acquisition is structured so that the
acquired Person shall become a Subsidiary of a Loan Party and comply with the provisions of Section 5.12; provided, however, that such acquisition is not hostile, and (B) if such acquisition is an acquisition of
assets, the acquisition is structured so that a Loan Party shall acquire such assets; 
  

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 (v) no Loan Party shall, as a result of or in connection with any such acquisition,
assume or incur any direct or contingent liabilities (whether relating to environmental, tax, litigation, or other matters) that could reasonably be expected, as of the date of such acquisition, to result in the existence or occurrence of a Material
Adverse Effect; 
 (vi) the Parent shall certify (and provide the Administrative Agent with a pro forma calculation in form
and substance reasonably satisfactory to the Administrative Agent to the Administrative Agent (and the Administrative Agent shall promptly provide such certification, together with the related pro forma calculations, to the Participants) that, after
giving effect to completion of such acquisition, the Parent would be in compliance with Sections 6.16, 6.17 and 6.18 on a pro forma basis; and 
 (vii) such acquisition is of assets to be used in the Parent’s and its Subsidiaries’ business or is of Equity Interests of a
Person engaged in business substantially the same as that of the Parent, in each case compared to the business of the Parent as conducted on the date of this Agreement; and 
 (k) other Investments not exceeding $5,000,000 in the aggregate in any fiscal year. 
 Notwithstanding anything in this Agreement to the contrary, Investments permitted under this Section 6.05(e), (j) and (k) may only be made to the extent that (a) Liquidity is
equal to or greater than $50,000,000 at the time of such Investment and after giving effect thereto or (b) Consolidated EBITDA is equal to or greater than either (A) for the fiscal quarter ending December 31, 2006, one (1) time
or (B) for each fiscal quarter ending thereafter, one and one-half (1 1/2) times the aggregate amount
of Investments permitted under this Section 6.05(e), (j) and (k), each for such period at the time of such Investment and after giving effect thereto; provided however that, with respect to each quarterly period ending on or
after December 31, 2006, Consolidated EBITDA will be determined as follows: (1) for the fiscal quarter ending December 31, 2006, Consolidated EBITDA shall be equal to the Consolidated EBITDA for the fiscal quarter ending
December 31, 2006 only, (2) for the fiscal quarter ending March 31, 2007, Consolidated EBITDA shall be equal to the Consolidated EBITDA for the two fiscal quarters ending March 31, 2007 only, (3) for the fiscal quarter
ending June 30, 2007, Consolidated EBITDA shall be equal to Consolidated EBITDA for the three fiscal quarters ending June 30, 2007 only, and (4) for each fiscal quarter ending thereafter, Consolidated EBITDA shall be computed by
adding the Consolidated EBITDA for the four fiscal quarters ending on such date. 
 Section 6.06 Restricted Payments.
Declare or make, directly or indirectly, any Restricted Payment, or incur any obligation (contingent or otherwise) to do so, except that: 
 (a) each Subsidiary of the Parent may make Restricted Payments to the Parent or any of its other Wholly-Owned Subsidiaries; 
 (b)
provided that no Default or Event of Default would exist, the Parent may declare and make dividend payments or other distributions payable to the holders of its Equity Interests solely in the common stock or other common equity interests of such
Person (provided that such common stock is not mandatorily redeemable by the holder thereof, is not subject to any repurchase requirements by the Parent and does not have a scheduled maturity date prior to the date that is 180 days after the
Maturity Date); 
  

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 (c) provided that no Default or Event of Default would exist, the Parent may purchase, redeem or
otherwise acquire shares of its common stock or other common equity interests or warrants or options to acquire any such shares with the proceeds received from the substantially concurrent issue of new shares of its common stock or other common
equity interests (provided that such newly issued common stock is not mandatorily redeemable by the holder thereof, is not subject to any repurchase requirements by the Parent and does not have a scheduled maturity date prior to the date that
is 180 days after the Maturity Date); 
 (d) repurchase stock beneficially owned by its employees (including Affiliates) in connection with
the Parent’s, Willbros International, Inc.’s and the Borrower’s non-qualified stock ownership plans not exceeding $2,000,000 in the aggregate during this Agreement; 
 (e) declare and make a distribution of preferred or common share purchase rights, and redeem or exchange outstanding preferred or common share purchase
rights pursuant to that certain Rights Agreement dated as of April 1, 1999, between the Parent and ChaseMellon Shareholder Services, L.L.C., as amended, provided that the consideration for any such redemption or exchange does not exceed in the
aggregate $150,000; and 
 (f) payments permitted pursuant to Section 6.14. 
 Section 6.07 Change in Nature of Business. Engage in any line of business substantially different from those lines of business conducted by
the Parent and its Subsidiaries on the date hereof or any business substantially related or incidental thereto. 
 Section 6.08
Transactions With Affiliates. Enter into any transaction of any kind with any Affiliate of the Parent, whether or not in the ordinary course of business, including, without limitation, any payment by the Parent or any of its Wholly-Owned
Subsidiaries of any management, consulting or similar fees to any Affiliate, whether pursuant to a management agreement or otherwise, other than on fair and reasonable terms substantially as favorable or more favorable to the Parent or such
Subsidiary as would be obtainable by the Parent or such Subsidiary at the time in a comparable arm’s length transaction with a Person other than an Affiliate, other than transactions (a) between Loan Parties, (b) otherwise permitted
by this Agreement, and (c) pursuant to arrangements existing on the date hereof and set forth on Schedule 6.08. 
 Section 6.09 Agreements Restricting Liens and Distributions. Create or otherwise cause or suffer to exist any prohibition, encumbrance or restriction which prohibits or otherwise (a) restricts the ability (i) of any
Subsidiary to make Restricted Payments to any Loan Party or to otherwise transfer property to any Loan Party, (ii) of any Subsidiary to Guarantee the Debt of any Loan Party, or (iii) of the Borrower or any Subsidiary to create, incur,
assume or suffer to exist Liens on property of such Person; provided, however, that this clause (iii) shall not prohibit any negative pledge incurred or provided in favor of any holder of Debt permitted under
Section 6.02 solely to the extent any such negative pledge relates to the Property financed by or the subject of such Debt; 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. 
  

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 Section 6.10 Limitation on Accounting Changes or Changes in Fiscal Periods. Permit
(a) any change in any of its accounting policies affecting the presentation of financial statements or reporting practices, except as required or permitted by GAAP or (b) the fiscal year of the Parent or any of its Subsidiaries to end on a
day other than December 31 or change the Parent’s method of determining fiscal quarters. 
 Section 6.11 Limitation on
Speculative Hedging. (a) Purchase, assume, or hold a speculative position in any commodities market or futures market or enter into any Swap Contract for speculative purposes, (b) be party to or otherwise enter into any Swap Contract
which (i) is entered into for reasons other than as a part of its normal business operations as a risk management strategy and/or hedge against changes resulting from market conditions related to the Parent’s or its Subsidiaries’
operations, (ii) is longer than the Maturity Date, or (iii) obligates any Loan Party to any margin call requirements not permitted under this Agreement, or (c) change its risk management policy without the Administrative Agent’s
prior written consent. 
 Section 6.12 [Reserved] 
 Section 6.13 Sale and Leaseback Transactions and other Off-Balance Sheet Liabilities. Enter into or suffer to exist any (a) Sale and Leaseback Transaction or (b) any other transaction pursuant to
which it incurs or has incurred Off-Balance Sheet Liabilities, except for Swap Contracts permitted to be incurred under the terms of Section 6.02(g). 
 Section 6.14 Other Debt. (a) Make any optional, mandatory or scheduled payments on account of principal or interest (whether by redemption, purchase, retirement, defeasance, set-off or otherwise) in
respect of the Convertible Senior Notes or Subordinated Debt other than (i) scheduled interest payments in respect of the Convertible Senior Notes required to be made in cash, (ii) cash payments with respect to fractional shares not to
exceed $1,000,000 in the aggregate due and payable to the holders of the Convertible Senior Notes in connection with any conversion of the Convertible Senior Notes, in accordance with the terms of the indenture related thereto (as supplemented,
modified or amended permitted by subsection (b) below or as a part of a separately negotiated inducement to the holders of Convertible Senior Notes to convert such notes), into cash and, if applicable, shares of common stock of the Parent, and
payment of the repurchase price in connection with any repurchase by the Parent required by the holders of the Convertible Senior Notes pursuant to the applicable indenture; or (b) permit any waiver, supplement, modification, amendment,
termination or release of any indenture, instrument or agreement pursuant to which the Convertible Senior Notes or any Subordinated Debt (including, without limitation, the Subordinated Debt Documents) is outstanding if such waiver, supplement,
modification, amendment, termination or release would (i) increase the maximum principal amount of such Convertible Senior Notes or Subordinated Debt or the ordinary interest rate or the default interest rate on such Convertible Senior Notes or
Subordinated Debt; (ii) change the dates upon which payments of principal or interest are due on the Convertible Senior Notes or such Subordinated Debt; (iii) change any event of default or add any covenant with respect to the Convertible
Senior Notes or such Subordinated Debt; (iv) change the payment, redemption or prepayment provisions of the Convertible Senior Notes or such Subordinated Debt; (v) with 
  

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 respect to any Subordinated Debt, change the subordination provisions thereof; or (vi) change or amend any other
term, if in each case such change or amendment would materially increase the obligations of the obligor or confer additional material rights on the holder of such Convertible Senior Notes or Subordinated Debt in a manner adverse to any Loan Party or
any Secured Party. 
 Section 6.15 Capital Expenditures. Make or become legally obligated to make any Capital Expenditure in
respect of the purchase or other acquisition of any fixed or capital asset (excluding normal replacements and maintenance which are properly charged to current operations but including Acquisitions), except for Capital Expenditures in the ordinary
course of business, provided that either (a) Liquidity is equal to or greater than $50,000,000 at the time of such Capital Expenditure and after giving effect thereto or (b) at the end of any fiscal quarter Consolidated EBITDA must
be equal to or greater than the following amounts for the following fiscal quarters: 
  

			
	 Period
	  	 Maximum Capital Expenditures

	Fiscal quarter ending December 31, 2006	  	Consolidated EBITDA for the fiscal quarter ending December 31, 2006 must be equal to or greater than Capital Expenditures
		
	Fiscal quarter ending March 31, 2007	  	Consolidated EBITDA for the fiscal quarters ending December 31, 2006 and March 31, 2007 must be equal to or greater than one and one-half (1 1/2) times Capital Expenditures
		
	Fiscal quarter ending June 30, 2007	  	Consolidated EBITDA for the fiscal quarters ending December 31, 2006, March 31, 2007 and June 30, 2007 must be equal to or greater than one and one-half (1 1/2) times Capital Expenditures
		
	Fiscal quarter ending September 30, 2007 and each fiscal quarter ending thereafter	  	Consolidated EBITDA for the four fiscal quarters then ending must be equal to or greater than one and one-half (1 1/2) times Capital Expenditures

 Section 6.16 Minimum Fixed Charge Coverage Ratio. Permit the Fixed Charge Coverage
Ratio to be less than the following ratios for the following fiscal quarters: 
  

			
	 Period
	  	Minimum
Fixed Charge
Coverage Ratio
	 Fiscal quarter ending December 31, 2006
	  	2.00 to 1.00
	 Fiscal quarter ending March 31, 2007
	  	2.00 to 1.00
	 Fiscal quarter ending June 30, 2007
	  	2.25 to 1.00
	 Fiscal quarter ending September 30, 2007 and each fiscal quarter ending thereafter
	  	3.00 to 1.00

  

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 Section 6.17 Maximum Senior Leverage Ratio. Permit the Senior Leverage Ratio to be greater
than the following ratios for the following fiscal quarters: 
  

			
	 Period
	  	Maximum
Senior
Leverage
Ratio
	 Fiscal quarter ending December 31, 2006
	  	3.00 to 1.00
	 Fiscal quarter ending March 31, 2007
	  	2.00 to 1.00
	 Fiscal quarter ending June 30, 2007
	  	1.50 to 1.00
	 Fiscal quarter ending September 30, 2007 and each fiscal quarter ending thereafter
	  	1.00 to 1.00

 Section 6.18 Minimum Tangible Net Worth. Permit the Tangible Net Worth to be less than
(a) $80,000,000, plus (b) an amount equal to 50% of the Consolidated Net Income earned in each full fiscal quarter ending after December 31, 2006 (with no deduction for a net loss in any such fiscal quarter) plus
(c) 75% of the Equity Issuance Proceeds from any Equity Issuance on or after the Closing Date; provided that, any net income and any gain from the sale of the Nigerian Operations and/or Nigerian assets shall be deducted in determining
such Consolidated Net Income and any net loss and any loss from the sale of the Nigerian Operations and/or Nigerian assets shall be added in determining such Consolidated Net Income. 
 Section 6.19 Collateral Restrictions. 
 (a) [Reserved] 
 (b) Deposit Accounts. Subject to Section 5.13, at any time (i) establish or
maintain any Deposit Account or other bank accounts, unless (a) such account is subject to an Account Control Agreement or maintained with the Collateral Agent, (b) such accounts contain less than $1,000,000 individually or $5,000,000 in
the aggregate at any time, or (c) such account is a payroll account or (ii) attempt to amend or terminate any Blocked Account or lockbox agreement without the Collateral Agent’s prior written consent. 
 Section 6.20 Nigerian Operations. Notwithstanding anything to the contrary contained herein, including any provision of this Article
VI, (a) make or permit any of its Subsidiaries to make Investments in the Nigerian Operations, (b) make or become legally obligated to make, or permit any of its Subsidiaries to make or become legally obligated to make, any Capital
Expenditure in respect of the Nigerian Operations, or (c) otherwise fund, or permit any of its 
  

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 Subsidiaries to fund, the Nigerian Operations; provided that, the Parent may, and may permit its Subsidiaries to,
make or permit to exist Investments, Capital Expenditures or otherwise fund the Nigerian Operations so long as such Investments, Capital Expenditures and other fundings are (i) otherwise permitted under the terms of Section 6.05(e),
(ii) for the fiscal quarter ending March 31, 2007, such Investments, Capital Expenditures and other fundings do not exceed $15,000,000 in the aggregate since the Closing Date and (iii) for each fiscal quarter ending thereafter, such
Investments, Capital Expenditures and other fundings do not exceed $10,000,000 in the aggregate. 
 ARTICLE VII 
 EVENTS OF DEFAULT 
 Section 7.01
Events of Default. The occurrence of any of the following events shall constitute an “Event of Default” under any Loan Document: 
 (a) Payment. The Borrower shall fail to pay (i) any principal of any Advance or reimburse any drawing under any Letter of Credit when the same becomes due and payable including, without limitation, any mandatory prepayment
required by Section 2.08, or (ii) any interest on the Advances, any fees, reimbursements, indemnifications, or other amounts payable in connection with the Obligations, this Agreement or under any other Loan Document within three
days after the same becomes due and payable; 
 (b) Representation and Warranties. Any representation or statement made or deemed to
be made by the Borrower or any other Loan Party (or any of their respective officers) in this Agreement, in any other Loan Document, or in connection with this Agreement or any other Loan Document shall prove to have been incorrect in any
material respect when made or deemed to be made; 
 (c) Covenant Breaches. Any Loan Party shall (i) fail to perform or observe
any covenant contained in Sections 5.01, 5.07(a), 5.07(e), 5.09, 5.11, 5.12, 5.14 and Article VI of this Agreement or (ii) fail to perform or observe any other term or covenant set
forth in this Agreement or in any other Loan Document which is not covered by clause (i) above or any other provision of this Section 7.01 if such failure shall remain unremedied for 30 days; 
 (d) Cross-Default. (i) Any Loan Party or any of its Subsidiaries shall fail to pay any principal of or premium or interest on any of its Debt
which, individually or in the aggregate, is outstanding in a principal amount of at least $5,000,000 (or the equivalent in any other currency) individually or when aggregated with all such Debt of the Person so in default (but excluding Debt
evidenced by the LC Advances) when the same becomes due and payable (whether by scheduled maturity, required prepayment, acceleration, demand or otherwise), (ii) any other event shall occur or condition shall exist under any agreement or
instrument relating to Debt which is outstanding in a principal amount of at least $5,000,000 (or the equivalent in any other currency) individually or when aggregated with all such Debt of the Person so in default (but excluding Debt evidenced by
the LC Advances), if the effect of such event or condition is to accelerate, or to permit the acceleration of, the maturity of such Debt; or (iii) any such Debt shall be declared to be due and payable, or required to be prepaid (other than by a
regularly scheduled required prepayment), prior to the stated maturity thereof; 
  

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 (e) Insolvency. Any Loan Party shall generally not pay its debts as such debts become due, or
shall admit in writing its inability to pay its debts generally; commences negotiations with one or more of its creditors with a view to rescheduling any of its indebtedness which it would not otherwise be able to pay as it falls due or shall make a
general assignment for the benefit of creditors; or any proceeding shall be instituted by or against the Borrower or any of its Subsidiaries seeking to adjudicate it as a bankrupt or insolvent, or seeking liquidation, winding up, reorganization,
arrangement, adjustment, protection, relief, or composition of it or its debts under any law relating to bankruptcy, insolvency or reorganization or relief of debtors, or seeking the entry of an order for relief or the appointment of a receiver,
trustee or other similar official for it or for any substantial part of its property and, in the case of any such proceeding instituted against such Person, either such proceeding shall remain undismissed for a period of 60 days or any of the
actions sought in such proceeding shall occur; or such Person shall take any action to authorize any of the actions set forth above in this paragraph (e) or any analogous procedure or step is taken in any jurisdiction; 
 (f) Judgments. Any judgment, decree or order for the payment of money shall be rendered against any Loan Party or any of its Subsidiaries in an
amount in excess of $10,000,000 (or the equivalent in any other currency) and either (i) enforcement proceedings shall have been commenced by any creditor upon such judgment or order or (ii) there shall be any period of 30 consecutive days
during which a stay of enforcement of such judgment or order, by reason of a pending appeal or otherwise, shall not be in effect; 
 (g)
ERISA. (i) An ERISA Event occurs with respect to a Pension Plan or Multiemployer Plan which has resulted or could reasonably be expected to result in liability of a Loan Party under Title IV of ERISA to the Pension Plan, Multiemployer
Plan or the PBGC in an aggregate amount in excess of $10,000,00, or (ii) the Parent or any ERISA Affiliate fails to pay when due, after the expiration of any applicable grace period, any installment payment with respect to its withdrawal
liability under Section 4201 of ERISA under a Multiemployer Plan in an aggregate amount in excess of $10,000,000; 
 (h) Loan
Documents. Any Loan Document, at any time after its execution and delivery and for any reason other than as expressly permitted hereunder or satisfaction in full of all the Obligations, ceases to be in full force and effect; or any Loan Party or
any other Person contests in any manner the validity or enforceability of any Loan Document; or any Loan Party denies that it has any or further liability or obligation under any Loan Document, or purports to revoke, terminate or rescind any Loan
Document; 
 (i) Security Documents. The Administrative Agent and the Participants shall fail to have an Acceptable Security Interest
in the Collateral; or 
 (j) Change in Control. A Change of Control shall occur. 
  

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 Section 7.02 Optional Acceleration of Maturity. If any Event of Default (other than an Event
of Default pursuant to paragraph (e) of Section 7.01) shall have occurred and be continuing, then, and in any such event: 
 (a) the Administrative Agent (i) shall at the request, or may, with the consent, of the Majority Participants, by notice to the Borrower, declare the Commitments and the obligation of each Participant, the Revolving Loan Lender and the
Issuing Bank to make extensions of credit hereunder, including making Advances and issuing Letters of Credit, to be terminated, whereupon the same shall forthwith terminate, and (ii) shall at the request, or may, with the consent, of the
Majority Participants, by notice to the Borrower, declare all principal, interest, fees, reimbursements, indemnifications, and all other amounts payable under this Agreement and the other Loan Documents to be forthwith due and payable, whereupon all
such amounts shall become and be forthwith due and payable in full, without notice of intent to demand, demand, presentment for payment, notice of nonpayment, protest, notice of protest, grace, notice of dishonor, notice of intent to accelerate,
notice of acceleration, and all other notices, all of which are hereby expressly waived by the Borrower; 
 (b) the Borrower shall, on demand
of the Administrative Agent at the request or with the consent of the Majority Participants, cash collateralize the Letters of Credit in accordance with Section 7.07; and 
 (c) the Administrative Agent shall at the request of, or may with the consent of, the Majority Participants proceed to enforce its rights and remedies
under the Security Documents, this Agreement, and any other Loan Document for the ratable benefit of the Participants by appropriate proceedings. 
 Section 7.03 Automatic Acceleration of Maturity. If any Event of Default pursuant to paragraph (e) of Section 7.01 shall occur: 
 (a) (i) the Commitments and the obligation of each Participant, the Revolving Loan Lender and the Issuing Bank to make extensions of credit
hereunder, including making Advances and issuing Letters of Credit, shall terminate, and (ii) all principal, interest, fees, reimbursements, indemnifications, and all other amounts payable under this Agreement and the other Loan Documents shall
become and be forthwith due and payable in full, without notice of intent to demand, demand, presentment for payment, notice of nonpayment, protest, notice of protest, grace, notice of dishonor, notice of intent to accelerate, notice of
acceleration, and all other notices, all of which are hereby expressly waived by the Borrower; 
 (b) the Borrower shall cash collateralize
the Letters of Credit in accordance with Section 7.07; and 
 (c) the Administrative Agent shall at the request of, or may with
the consent of, the Majority Participants proceed to enforce its rights and remedies under the Security Documents, this Agreement, and any other Loan Document for the ratable benefit of the Participants by appropriate proceedings. 
 Section 7.04 Non-exclusivity of Remedies. No remedy conferred upon the Administrative Agent, the Collateral Agent, the Revolving Loan Lender,
the Issuing Bank and the Participants is intended to be exclusive of any other remedy, and each remedy shall be cumulative of all other remedies existing by contract, at law, in equity, by statute or otherwise. 
  

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 Section 7.05 Right of Set-off. If an Event of Default shall have occurred and be continuing,
each Participant, the Issuing Bank, and each of their respective Affiliates is hereby authorized at any time and from time to time, to the fullest extent permitted by applicable law, to set off and apply any and all deposits (general or special,
time or demand, provisional or final, in whatever currency) at any time held and other obligations (in whatever currency) at any time owing by such Participant, the Issuing Bank or any such Affiliate to or for the credit or the account of any Loan
Party against any and all of the obligations of such Loan Party now or hereafter existing under this Agreement or any other Loan Document to such Participant or the Issuing Bank, irrespective of whether or not such Participant or the Issuing Bank
shall have made any demand under this Agreement or any other Loan Document and although such obligations of such Loan Party may be contingent or unmatured or are owed to a branch or office of such Participant or the Issuing Bank different from the
branch or office holding such deposit or obligated on such indebtedness. The rights of each Participant, the Issuing Bank and their respective Affiliates under this Section are in addition to other rights and remedies (including other rights of
setoff) that such Participant, the Issuing Bank or their respective Affiliates may have. Each Participant and the Issuing Bank agrees to notify the Borrower and the Administrative Agent promptly after any such setoff and application, provided that
the failure to give such notice shall not affect the validity of such setoff and application. 
 Section 7.06 Application of
Proceeds. From and during the continuance of any Event of Default, any monies or property actually received by the Administrative Agent or the Collateral Agent pursuant to this Agreement or any other Loan Document, the exercise of any rights or
remedies under any Security Document or any other agreement with any Loan Party which secures any of the Obligations, shall be applied in the following order: 
 (a) First, to payment of the reasonable expenses, liabilities, losses, costs, duties, fees, charges or other moneys whatsoever (together with interest payable thereon) as may have been paid or incurred in,
about or incidental to any sale or other realization of Collateral, including reasonable compensation to the Administrative Agent and its agents and counsel, and to the ratable payment of any other unreimbursed reasonable expenses and indemnities
for which the Administrative Agent, the Collateral Agent or any Secured Party is to be reimbursed pursuant to this Agreement or any other Loan Document, in each case that are then due and payable; 
 (b) Second, to the ratable payment of accrued but unpaid fees of the Administrative Agent, commitment fees, letter of credit fees, and fronting
fees owing to the Administrative Agent, the Issuing Bank, and the Participants in respect of the LC Advances and Letters of Credit under this Agreement; 
 (c) Third, to the ratable payment of accrued but unpaid interest on the LC Advances and any unpaid Reimbursement Obligations then due and payable under this Agreement; 
 (d) Fourth, to the Collateral Agent to cash collateralize the Letter of Credit Exposure for all Participants in accordance with
Section 7.07(a); 
  

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 (e) Fifth, ratably, according to the then unpaid amounts thereof, without preference or priority
of any kind among them, to the ratable payment of all other Obligations then due and payable which relate to LC Advances and Letters of Credit and which are owing to the Administrative Agent, the Collateral Agent, the Issuing Bank and the
Participants; 
 (f) Sixth, ratably, according to the unpaid termination amounts thereof, to the payment of all obligations of the
Borrower or its Subsidiaries owing to any Swap Counterparty under any Swap Contract, if any, then due and payable; 
 (g) Seventh, to
the ratable payment of any other outstanding Obligations then due and payable; and 
 (h) Eighth, any excess after payment in full of
all Obligations shall be paid to the Borrower or any other Loan Party as appropriate or to such other Person who may be lawfully entitled to receive such excess. 
 Section 7.07 Letters of Credit. 
 (a) If any Event of Default shall occur and be continuing, on
the Business Day on which the Borrower receives notice from the Collateral Agent demanding the deposit of cash collateral pursuant to this paragraph, the Borrower agrees to deposit into the LC Cash Collateral Account, an amount in Dollars in cash
equal to 105% of the Letter of Credit Exposure for all Participants; provided that the obligation to deposit such amount will become effective immediately, and such deposit will become immediately due and payable, without demand or other
notice of any kind, upon the occurrence of the Acceleration Date. Each such deposit pursuant to this paragraph shall be held by the Collateral Agent as collateral for the payment and performance of the obligations of the Borrower with respect to
Letters of Credit under Section 2.01. The Collateral Agent shall have exclusive dominion and control, including the exclusive right of withdrawal, over such account. Moneys in such account shall be applied by the Collateral Agent to
reimburse the Issuing Bank for LC Disbursements made by it with respect to Letters of Credit for which the Issuing Bank has not been reimbursed pursuant to Section 2.01 and, to the extent not so applied, shall be held to satisfy drawings
under Letters of Credit as they occur. If the Borrower is required to deposit an amount in the LC Cash Collateral Account as a result of the occurrence of an Event of Default (and the Acceleration Date shall not have occurred), such amount (to the
extent not applied as aforesaid) shall be returned to the Borrower within three Business Days after all Events of Default have been cured or waived. If at any time either (x) the amount of cash held in the LC Cash Collateral Account exceeds
105% of the Letter of Credit Exposure for all Participants or (y) any cash remains on deposit in the LC Cash Collateral Account after all Letters of Credit have either been fully drawn or expired, then such excess or remaining amount shall be
(A) if the Acceleration Date shall have occurred or Event of Default shall be continuing, applied to the other Obligations, if any, in the order set forth in Section 7.06 above and (B) otherwise, returned to the Borrower.

 (b) On the Acceleration Date, the Administrative Agent shall request the Deposit Bank to withdraw from the Deposit Account and to pay same
over to it, and shall return to each Participant such Participant’s Deposits in an amount equal to the amount by which such Participant’s Commitments at such time exceeds such Participant’s Letter of Credit Exposure at 
  

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 such time. If on such date the Issuing Bank has made LC Disbursements in respect of Letters of Credit for which the
Issuing Bank has not been reimbursed pursuant to Section 2.01(c) or by application of amounts held in the LC Cash Collateral Account pursuant to Section 7.07(a), the Administrative Agent shall request the Deposit Bank to
withdraw a portion of each Participant’s Deposits (if any) in an amount equal to such Participant’s Pro Rata Share of such unreimbursed LC Disbursements and deliver such amount to the Issuing Bank in satisfaction of the obligations of the
respective Participants under Section 2.01(c) (but not the Borrower’s Reimbursement Obligation under Section 2.01(c), which obligation shall only be satisfied by payment by the Borrower to the Administrative Agent for
application in accordance with Section 2.01(c) or by application of amounts held in the LC Cash Collateral Account as set forth in Section 7.07(a) above). The Administrative Agent shall then request the Deposit Bank to
withdraw all amounts remaining in the Deposit Account and deposit same in a new separate account or accounts for each applicable Participant maintained with the Collateral Agent (each a “LC Reserve Account”). The Administrative
Agent shall deposit in each Participant’s LC Reserve Account such Participant’s Pro Rata Share of the amounts received from the Deposit Account as provided above. The Collateral Agent shall have sole dominion and control over each LC
Reserve Account, and the amounts deposited in each LC Reserve Account shall be held in such LC Reserve Account until withdrawn as provided in paragraph (c), (d), or (e) below. The Collateral Agent shall maintain records enabling it to determine the
amounts paid over to it and deposited in the LC Reserve Accounts in respect of each Letter of Credit and the amounts on deposit in respect of each Letter of Credit attributable to each Participant’s Pro Rata Share. The amounts held in each
Participant’s LC Reserve Account shall be held as a reserve against the LC Exposures, shall be the property of such Participant, shall not constitute a loan to or give rise to any claim of or against any Loan Party and shall not give rise to
any obligation on the part of any Loan Party to pay interest to such Participant, it being agreed that the reimbursement obligations in respect of Letters of Credit shall arise only at such times as drawings are made thereunder, as provided in
Section 2.01. 
 (c) In the event that after the Acceleration Date any drawing shall be made in respect of a Letter of Credit
which is not immediately reimbursed by the Borrower (including by application of amounts held in the LC Cash Collateral Account pursuant to Section 7.07(a)), the Collateral Agent shall, at the request of the Issuing Bank, withdraw from
the LC Reserve Account of each Participant any amounts, up to the amount of such Participant’s Pro Rata Share of such drawing deposited in respect of such Letter of Credit and remaining on deposit and deliver such amounts to the Issuing Bank in
satisfaction of the obligation of the respective Participants under Section 2.01(c) (but not the Borrower’s Reimbursement Obligation under Section 2.01(c), which obligation shall only be satisfied by payment by the
Borrower to the Administrative Agent for application in accordance with Section 2.01(c) or by application of amounts held as cash collateral as set forth in Section 7.07(a) above). 
 (d) In the event that after the Acceleration Date any Letter of Credit shall expire undrawn, the Collateral Agent shall withdraw from the LC Reserve
Account of each Participant the amount remaining on deposit therein in respect of such Letter of Credit and distribute such amount to such Participant. 
 (e) With the prior written approval of the Collateral Agent and the Issuing Bank, any Participant may withdraw the amount held in its LC Reserve Account. Any Participant making 
  

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 such a withdrawal shall be unconditionally obligated, in the event there shall subsequently be a drawing under any Letter
of Credit, to pay over to the Collateral Agent, for the account of the Issuing Bank on demand, its Pro Rata Share of such drawing or payment. 
 (f) Pending the withdrawal by any Participant of any amounts from its LC Reserve Accounts as contemplated by the above paragraphs, the Collateral Agent will, at the direction of such Participant and subject to such rules as the Collateral
Agent may prescribe for the avoidance of inconvenience, invest such amounts. Each Participant that has not withdrawn all of the amounts in its LC Reserve Accounts as provided in paragraph (e) above shall have the right, at intervals reasonably
specified by the Collateral Agent, to withdraw the earnings on investments so made by the Collateral Agent with amounts remaining in its LC Reserve Accounts and to retain such earnings for its own account. 
 ARTICLE VIII 
 THE GUARANTY

 Section 8.01 Liabilities Guaranteed. Each Guarantor hereby, joint and severally, irrevocably and unconditionally
guarantees the prompt payment at maturity of the Obligations. 
 Section 8.02 Nature of Guaranty. This guaranty is an absolute,
irrevocable, completed and continuing guaranty of payment and not a guaranty of collection, and no notice of the Obligations or any extension of credit already or hereafter contracted by or extended to the Borrower need be given to any Guarantor.
This guaranty may not be revoked by any Guarantor and shall continue to be effective with respect to the Obligations arising or created after any attempted revocation by such Guarantor and shall remain in full force and effect until the Obligations
are paid in full and the Commitments are terminated, notwithstanding that from time to time prior thereto no Obligations may be outstanding. The Borrower and the Participants may modify, alter, rearrange, extend for any period and/or renew from time
to time, the Obligations, and the Participants may waive any Default or Events of Default without notice to any Guarantor and in such event each Guarantor will remain fully bound hereunder on the Obligations. This guaranty shall continue to be
effective or be reinstated, as the case may be, if at any time any payment of the Obligations is rescinded or must otherwise be returned by any of the Participants upon the insolvency, bankruptcy or reorganization of the Borrower or otherwise, all
as though such payment had not been made. This guaranty may be enforced by the Administrative Agent, the Participants and any subsequent holder of any of the Obligations and shall not be discharged by the assignment or negotiation of all or part of
the Obligations. Each Guarantor hereby expressly waives presentment, demand, notice of non-payment, protest and notice of protest and dishonor, notice of Default or Event of Default, and also notice of acceptance of this guaranty, acceptance on the
part of the Participants being conclusively presumed by the Participants’ request for this guaranty and the Guarantors’ being party to this Agreement. 
 Section 8.03 Agent’s Rights. Each Guarantor authorizes the Administrative Agent, without notice or demand and without affecting any Guarantor’s liability hereunder, to take and hold security for
the payment of its obligations under this Article VIII and/or the Obligations, and exchange, enforce, waive and release any such security; and to apply such security and direct the order or manner of sale thereof as the Administrative Agent
in its discretion may determine, 
  

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 and to obtain a guaranty of the Obligations from any one or more Persons and at any time or times to enforce, waive,
rearrange, modify, limit or release any of such other Persons from their obligations under such guaranties. 
 Section 8.04
Guarantor’s Waivers. 
 (a) General. Each Guarantor waives any right to require any of the Participants to (i) proceed
against the Borrower or any other person liable on the Obligations, (ii) enforce any of their rights against any other guarantor of the Obligations, (iii) proceed or enforce any of their rights against or exhaust any security given to
secure the Obligations, (iv) have the Borrower joined with any Guarantor in any suit arising out of this Article VIII and/or the Obligations, or (v) pursue any other remedy in the Participants’ powers whatsoever. It is agreed
between the Guarantors and the Participants that the foregoing waivers are of the essence of the transaction contemplated by this Agreement and the other Loan Documents and that, but for this Guaranty and such waivers, the Participants would not
extend or continue to extend credit under this Agreement. The Participants shall not be required to mitigate damages or take any action to reduce, collect or enforce the Obligations. Guarantor waives any defense arising by reason of any disability,
lack of corporate authority or power, or other defense of the Borrower or any other guarantor of the Obligations, and shall remain liable hereon regardless of whether the Borrower or any other guarantor be found not liable thereon for any reason.
Whether and when to exercise any of the remedies of the Participants under any of the Loan Documents shall be in the sole and absolute discretion of the Administrative Agent, and no delay by the Administrative Agent in enforcing any remedy,
including delay in conducting a foreclosure sale, shall be a defense to any Guarantor’s liability under this Article VIII. 
 (b)
In addition to the waivers contained in Section 8.04(a) hereof, the Guarantors waive, and agree that they shall not at any time insist upon, plead or in any manner whatsoever claim or take the benefit or advantage of, any appraisal,
valuation, stay, extension, marshaling of assets or redemption laws, or exemption, whether now or at any time hereafter in force, which may delay, prevent or otherwise affect the performance by the Guarantors of their obligations under, or the
enforcement by any Agent or the Participants of, this Guaranty. The Guarantors hereby waive diligence, presentment and demand (whether for nonpayment or protest or of acceptance, maturity, extension of time, change in nature or form of the
Obligations, acceptance of further security, release of further security, composition or agreement arrived at as to the amount of, or the terms of, the Obligations, notice of adverse change in the Borrower’s financial condition or any other
fact which might materially increase the risk to the Guarantors) with respect to any of the Obligations or all other demands whatsoever and waive the benefit of all provisions of law which are or might be in conflict with the terms of this
Article VIII. The Guarantors, jointly and severally, represent, warrant and agree that, as of the date of this Guaranty, their obligations under this Guaranty are not subject to any offsets or defenses of any kind against any Agent, the
Participants, the Borrower or any other Person that executes a Loan Document. The Guarantors further jointly and severally agree that their obligations under this Guaranty shall not be subject to any counterclaims, offsets or defenses of any kind
which may arise in the future against any Agent, the Participants, the Borrower or any other Person that executes a Loan Document. 
  

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 (c) Subrogation. Until the Obligations have been paid in full, each Guarantor waives all rights of
subrogation or reimbursement against the Borrower, whether arising by contract or operation of law (including, without limitation, any such right arising under any federal, state or other applicable bankruptcy or insolvency laws) and waives any
right to enforce any remedy which the Participants now have or may hereafter have against the Borrower, and waives any benefit or any right to participate in any security now or hereafter held by the Administrative Agent or any Participant.

 Section 8.05 Maturity of Obligations, Payment. Each Guarantor agrees that if the maturity of any of the Obligations is
accelerated by bankruptcy or otherwise, such maturity shall also be deemed accelerated for the purpose of this Article VIII without demand or notice to any Guarantor. Each Guarantor will, forthwith upon notice from the Administrative Agent,
jointly and severally pay to the Administrative Agent the amount due and unpaid by the Borrower and guaranteed hereby. The failure of the Administrative Agent to give this notice shall not in any way release any Guarantor hereunder. 
 Section 8.06 Agent’s Expenses. If any Guarantor fails to pay the Obligations after notice from the Administrative Agent of the
Borrower’s failure to pay any Obligations at maturity, and if the Administrative Agent obtains the services of an attorney for collection of amounts owing by any Guarantor hereunder, or obtaining advice of counsel in respect of any of their
rights under this Article VIII, or if suit is filed to enforce this Article VIII, or if proceedings are had in any bankruptcy, probate, receivership or other judicial proceedings for the establishment or collection of any amount owing
by any Guarantor hereunder, or if any amount owing by any Guarantor hereunder is collected through such proceedings, each Guarantor jointly and severally agrees to pay to the Administrative Agent the Administrative Agent’s reasonable
attorneys’ fees. 
 Section 8.07 Liability. It is expressly agreed that the liability of each Guarantor for the payment of
the Obligations guaranteed hereby shall be primary and not secondary. 
 Section 8.08 Events and Circumstances Not Reducing or
Discharging any Guarantor’s Obligations. Each Guarantor hereby consents and agrees to each of the following to the fullest extent permitted by law, and agrees that each Guarantor’s obligations under this Article VIII shall not
be released, diminished, impaired, reduced or adversely affected by any of the following, and waives any rights (including without limitation rights to notice) which each Guarantor might otherwise have as a result of or in connection with any of the
following: 
 (a) Modifications, etc. Any renewal, extension, modification, increase, decrease, alteration or rearrangement of all or
any part of the Obligations, or this Agreement or any instrument executed in connection therewith, or any contract or understanding between the Borrower and any of the Participants, or any other Person, pertaining to the Obligations, or the waiver
or consent by any Agent or the Participants with respect to any of the provisions hereof or thereof, or any modification or termination of the terms of any intercreditor or subordination agreement pursuant to which claims of other creditors against
any Guarantor or Borrower are subordinated to the claims of the Participants or pursuant to which the Obligations are subordinated to claims of other creditors; 
  

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 (b) Adjustment, etc. Any adjustment, indulgence, forbearance or compromise that might be granted
or given by any of the Participants to the Borrower or any Guarantor or any Person liable on the Obligations; 
 (c) Condition of the
Borrower or any Guarantor. The insolvency, bankruptcy arrangement, adjustment, composition, liquidation, disability, dissolution, death or lack of power of the Borrower or any other Guarantor or any other Person at any time liable for the
payment of all or part of the Obligations; or any dissolution of the Borrower or any other Guarantor, or any sale, lease or transfer of any or all of the assets of the Borrower or any other Guarantor, or any changes in the shareholders, partners, or
members of the Borrower or any other Guarantor; or any reorganization of the Borrower or any other Guarantor; 
 (d) Invalidity of
Obligations. The invalidity, illegality or unenforceability of all or any part of the Obligations, or any document or agreement executed in connection with the Obligations, for any reason whatsoever, including without limitation the fact that
the Obligations, or any part thereof, exceed the amount permitted by law, the act of creating the Obligations or any part thereof is ultra vires, the officers or representatives executing the documents or otherwise creating the Obligations acted in
excess of their authority, the Obligations violate applicable usury laws, the Borrower has valid defenses, claims or offsets (whether at law, in equity or by agreement) which render the Obligations wholly or partially uncollectible from the
Borrower, the creation, performance or repayment of the Obligations (or the execution, delivery and performance of any document or instrument representing part of the Obligations or executed in connection with the Obligations, or given to secure the
repayment of the Obligations) is illegal, uncollectible, legally impossible or unenforceable, or this Agreement or other documents or instruments pertaining to the Obligations have been forged or otherwise are irregular or not genuine or authentic;

 (e) Release of Obligors. Any full or partial release of the liability of the Borrower on the Obligations or any part thereof, of
any co-guarantors, or any other Person now or hereafter liable, whether directly or indirectly, jointly, severally, or jointly and severally, to pay, perform, guarantee or assure the payment of the Obligations or any part thereof, it being
recognized, acknowledged and agreed by any Guarantor that such Guarantor may be required to pay the Obligations in full without assistance or support of any other Person, and no Guarantor has been induced to enter into this Article VIII on
the basis of a contemplation, belief, understanding or agreement that other parties other than the Borrower will be liable to perform the Obligations, or the Participants will look to other parties to perform the Obligations; 
 (f) Other Security. The taking or accepting of any other security, collateral or guaranty, or other assurance of payment, for all or any part of
the Obligations; 
 (g) Release of Collateral etc. Any release, surrender, exchange, subordination, deterioration, waste, loss or
impairment (including without limitation negligent, willful, unreasonable or unjustifiable impairment) of any collateral, property or security, at any time existing in connection with, or assuring or securing payment of, all or any part of the
Obligations; 
  

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 (h) Care and Diligence. The failure of the Participants or any other Person to exercise diligence
or reasonable care in the preservation, protection, enforcement, sale or other handling or treatment of all or any part of such collateral, property or security; 
 (i) Status of Liens. The fact that any collateral, security, security interest or lien contemplated or intended to be given, created or granted as security for the repayment of the Obligations shall not be
properly perfected or created, or shall prove to be unenforceable or subordinate to any other security interest or lien, it being recognized and agreed by each Guarantor that no Guarantor is entering into this Article VIII in reliance on, or
in contemplation of the benefits of, the validity, enforceability, collectibility or value of any of the collateral for the Obligations; 
 (j) Payments Rescinded. Any payment by the Borrower to the Participants is held to constitute a preference under the bankruptcy laws, or for any reason the Participants are required to refund such payment or pay such amount to the
Borrower or someone else; or 
 (k) Other Actions Taken or Omitted. Any other action taken or omitted to be taken with respect to this
Agreement, the Obligations, or the security and collateral therefor, whether or not such action or omission prejudices any Guarantor or increases the likelihood that any Guarantor will be required to pay the Obligations pursuant to the terms hereof,
it being the unambiguous and unequivocal intention of each Guarantor that each Guarantor shall be obligated to joint and severally pay the Obligations when due, notwithstanding any occurrence, circumstance, event, action, or omission whatsoever,
whether contemplated or uncontemplated, and whether or not otherwise or particularly described herein, except for the full and final payment and satisfaction of the Obligations. 
 Section 8.09 Subordination of All Guarantor Claims. 
 (a) As used herein, the term “Guarantor Claims” shall mean all debts and liabilities of the Borrower or any Subsidiary of the Borrower to any Guarantor, whether such debts and liabilities now exist or are
hereafter incurred or arise, or whether the obligation of the Borrower or such Subsidiary thereon be direct, contingent, primary, secondary, several, joint and several, or otherwise, and irrespective of whether such debts or liabilities be evidenced
by note, contract, open account, or otherwise, and irrespective of the person or persons in whose favor such debts or liabilities may, at their inception, have been, or may hereafter be created, or the manner in which they have been or may hereafter
be acquired by any Guarantor. The Guarantor Claims shall include without limitation all rights and claims of any Guarantor against the Borrower or any Subsidiary of the Borrower arising as a result of subrogation or otherwise as a result of such
Guarantor’s payment of all or a portion of the Obligations. Until the Obligations shall be paid and satisfied in full and each Guarantor shall have performed all of its obligations hereunder, no Guarantor shall receive or collect, directly or
indirectly, from the Borrower or any Subsidiary of the Borrower or any other party any amount upon the Guarantor Claims. 
 (b) The Borrower
and each Guarantor hereby (i) authorizes the Administrative Agent and the Participants to demand specific performance of the terms of this Section 8.09, whether or not the Borrower or any Guarantor shall have complied with any of
the provisions hereof applicable to it, at any time when it shall have failed to comply with any provisions of this 
  

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 Section 8.09 which are applicable to it and (ii) irrevocably waives any defense based on
the adequacy of a remedy at law, which might be asserted as a bar to such remedy of specific performance. 
 (c) Upon any distribution of
assets of any Loan Party in any dissolution, winding up, liquidation or reorganization (whether in bankruptcy, insolvency or receivership proceedings or upon an assignment for the benefit of creditors or otherwise): 
 (i) The Participants shall first be entitled to receive payment in full in cash of the Obligations before the Borrower or any Guarantor is
entitled to receive any payment on account of the Guarantor Claims. 
 (ii) Any payment or distribution of assets of any Loan
Party of any kind or character, whether in cash, property or securities, to which the Borrower or any Guarantor would be entitled except for the provisions of this Section 8.09(c), shall be paid by the liquidating trustee or agent or
other Person making such payment or distribution directly to the Participants, to the extent necessary to make payment in full of all Obligations remaining unpaid after giving effect to any concurrent payment or distribution or provisions therefor
to the Participants. 
 (d) No right of the Participants or any other present or future holders of any Obligations to enforce the
subordination provisions herein shall at any time in any way be prejudiced or impaired by any act or failure to act on the part of any Loan Party or by any act or failure to act, in good faith, by any such holder, or by any noncompliance by the
Borrower or any Guarantor with the terms hereof, regardless of any knowledge thereof which any such holder may have or be otherwise charged with. 
 Section 8.10 Claims in Bankruptcy. In the event of receivership, bankruptcy, reorganization, arrangement, debtor’s relief, or other insolvency proceedings involving the Borrower or any Subsidiary of the Borrower, as debtor,
the Participants shall have the right to prove their claim in any proceeding, so as to establish their rights hereunder and receive directly from the receiver, trustee or other court custodian, dividends and payments which would otherwise be payable
upon Guarantor Claims. Each Guarantor hereby assigns such dividends and payments to the Participants. Should the Administrative Agent or any Participant receive, for application upon the Obligations, any such dividend or payment which is otherwise
payable to any Guarantor, and which, as between the Borrower or any Subsidiary of the Borrower and any Guarantor, shall constitute a credit upon the Guarantor Claims, then upon payment in full of the Obligations, such Guarantor shall become
subrogated to the rights of the Participants to the extent that such payments to the Participants on the Guarantor Claims have contributed toward the liquidation of the Obligations, and such subrogation shall be with respect to that proportion of
the Obligations which would have been unpaid if the Administrative Agent or a Participant had not received dividends or payments upon the Guarantor Claims. 
 Section 8.11 Payments Held in Trust. In the event that notwithstanding Sections 8.09 and 8.10 above, any Guarantor should receive any funds, payments, claims or distributions which is
prohibited by such Sections, such Guarantor agrees to hold in trust for the Participants an amount equal to the amount of all funds, payments, claims or distributions so received, and 
  

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 agrees that it shall have absolutely no dominion over the amount of such funds, payments, claims or distributions except
to pay them promptly to the Administrative Agent, and each Guarantor covenants promptly to pay the same to the Administrative Agent. 
 Section 8.12 Benefit of Guaranty. The provisions of this Article VIII are for the benefit of the Participants, their successors, and their permitted transferees, endorsees and assigns. In the event all or any part of the
Obligations are transferred, endorsed or assigned by the Participants, as the case may be, to any Person or Persons in accordance with the terms of this Agreement, any reference to the “Participants” herein, as the case may be, shall be
deemed to refer equally to such Person or Persons. 
 Section 8.13 Reinstatement. This Article VIII shall remain in full
force and effect and continue to be effective in the event any petition is filed by or against the Borrower, any Guarantor or any other Loan Party for liquidation or reorganization, in the event that any of them becomes insolvent or makes an
assignment for the benefit of creditors or in the event a receiver, trustee or similar Person is appointed for all or any significant part of any of their assets, and shall continue to be effective or be reinstated, as the case may be, if at any
time payment and performance of the Obligations, or any part thereof, is, pursuant to applicable law, rescinded or reduced in amount, or must otherwise be restored or returned by the Participants, whether as a “voidable preference,”
“fraudulent conveyance,” or otherwise, all as though such payment or performance had not been made. In the event that any payment, or any part thereof, is rescinded, reduced, restored or returned, the Obligations shall be reinstated and
deemed reduced only by such amount paid and not so rescinded, reduced, restored or returned. 
 Section 8.14 Liens Subordinate.
Each Guarantor agrees that any liens, security interests, judgment liens, charges or other encumbrances upon the Borrower’s or any Subsidiary of the Borrower’s assets securing payment of the Guarantor Claims shall be and remain inferior
and subordinate to any liens, security interests, judgment liens, charges or other encumbrances upon the Borrower’s or any Subsidiary of the Borrower’s assets securing payment of the Obligations, regardless of whether such encumbrances in
favor of any Guarantor, the Administrative Agent or the Participants presently exist or are hereafter created or attach. 
 Section 8.15
Guarantor’s Enforcement Rights. Without the prior written consent of the Participants, no Guarantor shall (a) exercise or enforce any creditor’s right it may have against the Borrower or any Subsidiary of the Borrower, or
(b) foreclose, repossess, sequester or otherwise take steps or institute any action or proceeding (judicial or otherwise, including without limitation the commencement of or joinder in any liquidation, bankruptcy, rearrangement, debtor’s
relief or insolvency proceeding) to enforce any lien, mortgages, deeds of trust, security interest, collateral rights, judgments or other encumbrances on assets of the Borrower or any Subsidiary of the Borrower held by Guarantor. 
 Section 8.16 Limitation. It is the intention of the Guarantors and each Secured Party that the amount of the Obligations guaranteed by each
Guarantor shall be in, but not in excess of, the maximum amount permitted by fraudulent conveyance, fraudulent transfer and similar Legal Requirement applicable to such Guarantor. Accordingly, notwithstanding anything to the contrary contained in
this Article VIII or in any other agreement or instrument executed in connection with the payment of any of the Obligations guaranteed hereby, the amount of the 
  

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 Obligations guaranteed by a Guarantor under this Article VIII shall be limited to an aggregate amount equal to the
largest amount that would not render such Guarantor’s obligations hereunder subject to avoidance under Section 548 of the United States Bankruptcy Code or any comparable provision of any other applicable law. 
 Section 8.17 Contribution Rights. 
 (a) To the extent that any payment is made under this Guaranty (a “Guarantor Payment”), by a Guarantor, which Guarantor Payment, taking into account all other Guarantor Payments then previously or concurrently made by all
other Guarantors, exceeds the amount which such Guarantor would otherwise have paid if each Guarantor had paid the aggregate Obligations satisfied by such Guarantor Payment in the same proportion that such Guarantor’s Allocable Amount (as
defined below) (in effect immediately prior to such Guarantor Payment) bore to the aggregate Allocable Amounts of all of the Guarantors in effect immediately prior to the making of such Guarantor Payment, then, following the date on which the
Obligations shall be paid and satisfied in full and each Guarantor shall have performed all of its obligations hereunder, such Guarantor shall be entitled to receive contribution and indemnification payments from, and be reimbursed by, each of the
other Guarantors for the amount of such excess, pro rata based upon their respective Allocable Amounts in effect immediately prior to such Guarantor Payment. 
 (b) As of any date of determination, the “Allocable Amount” of any Guarantor shall be equal to the maximum amount of the claim which could then be recovered from such Guarantor under this Guaranty without
rendering such claim voidable or avoidable under Section 548 of Chapter 11 of the Bankruptcy Code or under any applicable state Uniform Fraudulent Transfer Act, Uniform Fraudulent Conveyance Act or similar statute or common law. 
 (c) This Section 8.17 is intended only to define the relative rights of the Guarantors and nothing set forth in this Section 8.17
is intended to or shall impair the obligations of the Guarantors, jointly and severally, to pay any amounts as and when the same shall become due and payable in accordance with the terms of this Guaranty. 
 (d) The rights of the parties under this Section 8.17 shall be exercisable upon the date the Obligations shall be paid and satisfied in full
and each Guarantor shall have performed all of its obligations hereunder. 
 (e) The parties hereto acknowledge that the right of
contribution and indemnification hereunder shall constitute assets of any Guarantor to which such contribution and indemnification is owing. 
 Section 8.18 Release of Guarantors. Upon the sale or disposition of any Guarantor pursuant to the terms of this Agreement to any Person other than the Borrower or any other Guarantor, the Administrative Agent shall, at the
Borrower’ expense, execute and deliver to such Guarantor such documents as such Guarantor shall reasonably require and take any other actions reasonably required to evidence or effect the release of such Guarantor from this Agreement and the
other Loan Documents. 
  

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 ARTICLE IX 
 THE AGENTS AND THE ISSUING BANK 
 Section 9.01 Appointment and Authority. Each of the
Participants and the Issuing Bank hereby irrevocably appoints Calyon to act on its behalf as the Administrative Agent and Collateral Agent hereunder and under the other Loan Documents and authorizes the Agents 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. The provisions of this Article are solely for the benefit of the Agents, the
Participants and the Issuing Bank, and no Loan Party shall have rights as a third party beneficiary of any of such provisions. Each of the Secured Parties hereby acknowledges and confirms their agreement that the Collateral Agent is subject to
certain Security Documents as trustee for and on behalf of the Participants or the terms of the declaration of trust and other terms and conditions set forth in the applicable Security Documents. 
 Section 9.02 Rights as a Participant. The Person serving as an Agent or the Issuing Bank hereunder shall have the same rights and powers in
its capacity as a Participant as any other Participant and may exercise the same as though it were not an Agent or the Issuing Bank and the term “Participant” or “Participants” shall, unless otherwise expressly indicated or
unless the context otherwise requires, include the Person serving as an Agent or the Issuing Bank hereunder in its individual capacity. Such Person and its Affiliates may accept deposits from, lend money to, act as the financial advisor or in any
other advisory capacity for and generally engage in any kind of business with the Borrower or any Subsidiary or other Affiliate thereof as if such Person were not an Agent or the Issuing Bank hereunder and without any duty to account therefor to the
Participants. 
 Section 9.03 Exculpatory Provisions. None of the Agents or the Issuing Bank shall have any duties or obligations
except those expressly set forth herein and in the other Loan Documents. Without limiting the generality of the foregoing, none of the Agents or the Issuing Bank: 
 (a) shall be subject to any fiduciary or other implied duties, regardless of whether a Default has occurred and is continuing; 
 (b) 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 or
Issuing Bank is required to exercise as directed in writing by the Majority Participants (or such other number or percentage of the Participants as shall be expressly provided for herein or in the other Loan Documents), provided that such
Agent or Issuing Bank shall not be required to take any action that, in its opinion or the opinion of its counsel, may expose such Agent or Issuing Bank to liability or that is contrary to any Loan Document or applicable law; and 
 (c) 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 Agent, Issuing Bank or any of their respective Affiliates in any capacity. 
  

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 None of the Agents or the Issuing Bank shall be liable for any action taken or not taken by it (i) with the consent
or at the request of the Majority Participants (or such other number or percentage of the Participants as shall be necessary, or as such Agent or Issuing Bank shall believe in good faith shall be necessary, under the circumstances as provided in
Sections 10.01) or (ii) in the absence of its own gross negligence or willful misconduct. None of the Agents or the Issuing Bank shall be deemed to have knowledge of any Default unless and until notice describing such Default is given to
such Agent or the Issuing Bank by the Borrower, a Guarantor, a Participant or the Issuing Bank. 
 None of the Agents or the Issuing Bank 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 III or
elsewhere herein, other than to confirm receipt of items expressly required to be delivered to such Agent or the Issuing Bank. 
 Section 9.04 Reliance by the Agents and the Issuing Bank. Each of the Agents and the Issuing Bank 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 of the Agents and the Issuing Bank also may rely upon any statement made to it orally or by telephone and believed by it to have been made by the proper Person, and shall not incur any liability for relying thereon. In determining
compliance with any condition hereunder to the making of a Advance, or the issuance of a Letter of Credit, that by its terms must be fulfilled to the satisfaction of a Participant or the Issuing Bank, the Administrative Agent may presume that such
condition is satisfactory to such Participant or the Issuing Bank unless the Administrative Agent shall have received notice to the contrary from such Participant or the Issuing Bank prior to the making of such Advance or the issuance of such Letter
of Credit. Either Agent or the Issuing Bank may consult with legal counsel (who may be counsel for a Loan Party), 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 9.05 Delegation of Duties. Each of the Agents 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. Each of the Agents and any of their respective sub-agents 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 such Agent and any such sub- agent, and
shall apply to their respective activities in connection with the syndication of the credit facilities provided for herein as well as activities as such Agent. 
  

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 Section 9.06 Resignation of an Agent, the Issuing Bank or the Revolving Loan Lender.

 (a) An Agent may resign at any time by giving prior written notice thereof to the Participants and the Borrower, such resignation to be
effective upon the appointment of a successor Administrative Agent, Collateral Agent or Deposit Bank or, if no successor Administrative Agent, Collateral Agent or Deposit Bank has been appointed, 45 days after the retiring Agent gives notice of its
intention to resign. Upon any such resignation, the Majority Participants shall have the right to appoint, on behalf of the Borrower and the Participants, a successor Administrative Agent, Collateral Agent or Deposit Bank. If no successor
Administrative Agent, Collateral Agent or Deposit Bank shall have been so appointed by the Majority Participants within 30 days after the resigning Agent’s giving notice of its intention to resign, then the resigning Agent may appoint, on
behalf of the Borrower and the Participants, a successor Agent. If the Administrative Agent has resigned and no successor Administrative Agent has been appointed, the Majority Participants may perform all the duties of the Administrative Agent
hereunder and the Borrower shall make all payments in respect of the Obligations to the applicable Participant and for all other purposes shall deal directly with the Majority Participants until such successor Administrative Agent shall have been
appointed as provided herein. No successor Agent shall be deemed to be appointed hereunder until such successor Agent has accepted the appointment or, in the case of a successor Collateral Agent, upon the execution and filing or recording of such
financing statements, or amendments thereto, and such amendments or supplements to the Security Documents, and such other instruments or notices, as may be necessary or desirable, or as the Majority Participants may request, in order to continue the
perfection of the Liens granted or purported to be granted by the Security Documents. No successor Deposit Bank shall be deemed appointed until arrangements satisfactory to the Issuing Bank and the Majority Participants with respect to the custody
and management of the Deposit Account have been entered into. Any such successor Agent shall be a commercial bank organized under the laws of the United States or any state thereof having combined capital and retained earnings of at least
$100,000,000 (or the equivalent in any other currency) unless such requirement is waived by the Majority Participants. Upon the acceptance of any appointment as Administrative Agent, Collateral Agent or Deposit Bank hereunder by a successor Agent,
such successor Agent shall thereupon succeed to and become vested with all the rights, powers, privileges and duties of the resigning Agent. Upon the effectiveness of the resignation of the Administrative Agent, Collateral Agent or Deposit Bank, the
resigning Agent shall be discharged from its duties and obligations hereunder and under the Credit Documents. After the effectiveness of the resignation of an Agent, the provisions of this Article IX shall continue in effect for the benefit
of such Agent in respect of any actions taken or omitted to be taken by it while it was acting as an Agent hereunder and under the other Loan Documents. At any time after the occurrence and during the continuance of an Event of Default, the Majority
Participants shall have the right to remove the Administrative Agent, Collateral Agent or Deposit Bank and appoint a successor Administrative Agent, Collateral Agent or Deposit Bank in accordance with the procedures set forth in this clause
Section 9.06. 
 (b) The Issuing Bank may resign at any time by giving prior written notice thereof to the Participants and the
Borrower, such resignation to be effective upon the appointment of a 
  

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 successor Issuing Bank. Upon any such resignation, the Majority Participants shall have the right to appoint, on behalf
of the Borrower and the Participants and after consultation with the Borrower, a successor Issuing Bank. If no successor Issuing Bank shall have been so appointed by the Majority Participants within thirty days after the resigning Issuing Bank has
given notice of its intention to resign, then the resigning Issuing Bank may appoint, on behalf of the Borrower and the Participants and after consultation with the Participants and the Borrower, a successor Issuing Bank. No successor Issuing Bank
shall be deemed to be appointed hereunder until such successor Issuing Bank has accepted the appointment. Any such successor Issuing Bank shall be a commercial bank having capital and retained earnings of at least $500,000,000 unless such
requirement is waived by the Majority Participants and the Borrower. Upon the acceptance of any appointment as Issuing Bank hereunder by a successor Issuing Bank, such successor Issuing Bank shall thereupon succeed to and become vested with all the
rights, powers, privileges and duties of the resigning Issuing Bank. Upon the effectiveness of the resignation of the Issuing Bank, the resigning Issuing Bank shall be discharged from its duties and obligations hereunder and under the Loan
Documents; provided that the succeeding Issuing Bank shall issue letters of credit in substitution for the Letters of Credit, if any, outstanding at the time of such succession or make other arrangements satisfactory to the retiring Issuing
Bank to effectively assume the obligations of the retiring Issuing Bank with respect to such Letters of Credit. After the effectiveness of the resignation of the Issuing Bank, the provisions of this Article IX shall continue in effect for the
benefit of the Issuing Bank in respect of any actions taken or omitted to be taken by it while it was acting as the Issuing Bank hereunder and under the other Loan Documents. 
 (c) The Revolving Loan Lender may resign at any time by giving prior written notice thereof to the Participants and the Borrower, such resignation to be
effective upon the appointment of a successor Revolving Loan Lender. Upon any such resignation, the Majority Participants shall have the right to appoint, on behalf of the Borrower and the Participants and after consultation with the Borrower, a
successor Revolving Loan Lender. If no successor Revolving Loan Lender shall have been so appointed by the Majority Participants within thirty days after the resigning Revolving Loan Lender has given notice of its intention to resign, then the
resigning Revolving Loan Lender may appoint, on behalf of the Borrower and the Participants and after consultation with the Participants and the Borrower, a successor Revolving Loan Lender. No successor Revolving Loan Lender shall be deemed to be
appointed hereunder until such successor Revolving Loan Lender has accepted the appointment. Any such successor Revolving Loan Lender shall be a commercial bank having capital and retained earnings of at least $500,000,000 unless such requirement is
waived by the Majority Participants and the Borrower. Upon the acceptance of any appointment as Revolving Loan Lender hereunder by a successor Revolving Loan Lender, such successor Revolving Loan Lender shall thereupon succeed to and become vested
with all the rights, powers, privileges and duties of the resigning Revolving Loan Lender. Upon the effectiveness of the resignation of the Revolving Loan Lender, the resigning Revolving Loan Lender shall be discharged from its duties and
obligations hereunder and under the Loan Documents; provided that the succeeding Revolving Loan Lender shall make arrangements satisfactory to the retiring Revolving Loan Lender to effectively assume the obligations of the retiring Revolving
Loan Lender with respect to outstanding Revolving Advances. After the effectiveness of the resignation of the Revolving Loan Lender, the provisions of this Article IX shall continue in effect for the benefit of the Revolving Loan Lender in
respect of any actions taken or omitted to be taken by it while it was acting as the Revolving Loan Lender hereunder and under the other Loan Documents. 
  

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 Section 9.07 Non-Reliance on Administrative Agent and Other Participants. Each Participant
and the Issuing Bank acknowledges that it has, independently and without reliance upon any Agent or any other Participant or any of their Related Parties and based on such documents and information as it has deemed appropriate, made its own credit
analysis and decision to enter into this Agreement. Each Participant and the Issuing Bank also acknowledges that it will, independently and without reliance upon any Agent or any other Participant or any of their Related Parties and based on such
documents and information as it shall from time to time deem appropriate, continue to make its own decisions in taking or not taking action under or based upon this Agreement, any other Loan Document or any related agreement or any document
furnished hereunder or thereunder. 
 Section 9.08 Indemnification. THE PARTICIPANTS
SEVERALLY AGREE TO INDEMNIFY UPON DEMAND THE ADMINISTRATIVE AGENT, THE COLLATERAL
AGENT, THE DEPOSIT BANK, THE REVOLVING LOAN LENDER, THE ISSUING BANK
AND EACH RELATED PARTY OF ANY OF THE FOREGOING (TO THE EXTENT
NOT REIMBURSED BY THE LOAN PARTIES), ACCORDING TO THEIR RESPECTIVE PRO
RATA SHARES, AND HOLD HARMLESS SUCH INDEMNITEE FROM AND AGAINST ANY
AND ALL INDEMNIFIED LIABILITIES IN ALL CASES, WHETHER OR NOT CAUSED
BY OR ARISING, IN WHOLE OR IN PART, OUT OF THE NEGLIGENCE
OF ANY RELATED PARTY; PROVIDED, HOWEVER THAT NO PARTICIPANT
SHALL BE LIABLE FOR (A) THE PAYMENT TO ANY INDEMNITEE FOR ANY
PORTION OF SUCH INDEMNIFIED LIABILITIES TO THE EXTENT DETERMINED IN A
FINAL, NONAPPEALABLE JUDGMENT BY A COURT OF COMPETENT JURISDICTION TO HAVE
RESULTED FROM SUCH INDEMNITEE’S OWN GROSS NEGLIGENCE OR WILLFUL MISCONDUCT
AND (B) CLAIMS MADE OR LEGAL PROCEEDINGS COMMENCED AGAINST SUCH INDEMNITEE
BY ANY SECURITY HOLDER OR CREDITOR THEREOF ARISING OUT OF AND BASED
ON RIGHTS AFFORDED ANY SUCH SECURITY HOLDER OR CREDITOR SOLELY IN ITS
CAPACITY AS SUCH; PROVIDED FURTHER, HOWEVER, THAT NO ACTION
TAKEN IN ACCORDANCE WITH THE DIRECTIONS OF THE MAJORITY PARTICIPANTS SHALL
BE DEEMED TO CONSTITUTE GROSS NEGLIGENCE OR WILLFUL MISCONDUCT FOR PURPOSES
OF THIS SECTION. WITHOUT LIMITATION OF THE FOREGOING, EACH PARTICIPANT AGREES
TO REIMBURSE THE ADMINISTRATIVE AGENT, THE COLLATERAL AGENT, THE DEPOSIT BANK
AND THE ISSUING BANK PROMPTLY UPON DEMAND FOR ITS RATABLE SHARE OF
ANY OUT-OF-POCKET EXPENSES (INCLUDING ALL FEES, EXPENSES AND DISBURSEMENTS
OF ANY LAW FIRM OR OTHER EXTERNAL COUNSEL) INCURRED BY THE
ADMINISTRATIVE AGENT, THE COLLATERAL AGENT, THE DEPOSIT BANK OR THE ISSUING
BANK IN CONNECTION WITH THE PREPARATION, EXECUTION, DELIVERY, ADMINISTRATION, MODIFICATION,
AMENDMENT, OR ENFORCEMENT (WHETHER THROUGH NEGOTIATIONS, LEGAL PROCEEDINGS, OR OTHERWISE)
OF, OR LEGAL ADVICE IN RESPECT OF RIGHTS OR RESPONSIBILITIES UNDER,
THIS AGREEMENT OR ANY OTHER LOAN DOCUMENT, TO THE EXTENT THAT THE
ADMINISTRATIVE AGENT, THE COLLATERAL AGENT, OR THE ISSUING BANK IS NOT
REIMBURSED FOR SUCH BY THE LOAN PARTIES. THE UNDERTAKING IN THIS
SECTION SHALL SURVIVE TERMINATION OF THE COMMITMENTS, THE PAYMENT OF ALL
OTHER OBLIGATIONS AND THE RESIGNATION OF THE ADMINISTRATIVE AGENT OR THE
COLLATERAL AGENT. 
  

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 Section 9.09 Collateral and Guaranty Matters. 
 (a) The Participants irrevocably authorize the Collateral Agent, at its option and in its discretion, without the necessity of any notice to or further
consent from the Secured Parties: 
 (i) to release any Lien on any property granted to or held by the Collateral Agent under
any Security Document (i) upon termination of the Commitments and payment in full of all Obligations (other than contingent indemnification obligations) and the expiration or termination of all Letters of Credit, (ii) that is sold or to be
sold as part of or in connection with any sale permitted hereunder or under any other Loan Document, or (iii) subject to Section 10.01, if approved, authorized or ratified in writing by the Majority Participants; 
 (ii) to take any actions with respect to any Collateral or Security Documents which may be necessary to perfect and maintain Acceptable
Security Interests in and Liens upon the Collateral granted pursuant to the Security Documents; and 
 (iii) to take any
action in exigent circumstances as may be reasonably necessary to preserve any rights or privileges of the Secured Parties under the Loan Documents or applicable Legal Requirements. 
 (b) Upon the request of the Collateral Agent at any time, the Participants will confirm in writing the Collateral Agent’s authority to release
particular types or items of Collateral pursuant to this Section 9.09. 
 (c) Each Loan Party hereby irrevocably appoints the
Collateral Agent as such Loan Party’s attorney-in-fact, with full authority to, after the occurrence and during the continuance of an Event of Default, act for such Loan Party and in the name of such Loan Party to, in the Collateral
Agent’s discretion upon the occurrence and during the continuance of an Event of Default, (i) file one or more financing or continuation statements, and amendments thereto, relative to all or any part of the Collateral without the
signature of such Loan Party where permitted by law, (ii) to receive, endorse, and collect any drafts or other instruments, documents, and chattel paper which are part of the Collateral, (iii) to ask, demand, collect, sue for, recover,
compromise, receive, and give acquittance and receipts for moneys due and to become due under or in respect of any of the Collateral, (iv) to file any claims or take any action or institute any proceedings which the Collateral Agent may
reasonably deem necessary or desirable for the collection of any of the Collateral or otherwise to enforce the rights of the Collateral Agent with respect to any of the Collateral and (v) if any Loan Party fails to perform any covenant
contained in this Agreement or the other Security Documents after the expiration of any applicable grace periods, the Collateral Agent may itself perform, or cause performance of, such covenant, and such Loan Party shall pay for the expenses of the
Collateral Agent incurred in connection therewith in accordance with Section 10.04. The power of attorney granted hereby is coupled with an interest and is irrevocable. 
 (d) The powers conferred on the Collateral Agent under this Agreement and the other Security Documents are solely to protect its interest in the
Collateral and shall not impose any duty upon it to exercise any such powers. Beyond the safe custody thereof, the Collateral Agent 
  

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 and each Participant shall have no duty with respect to any Collateral in its possession or control (or in the possession
or control of any agent or bailee) or with respect to any income thereon or the preservation of rights against prior parties or any other rights pertaining thereto. The Collateral Agent shall be deemed to have exercised reasonable care in the
custody and preservation of the Collateral in its possession if the Collateral is accorded treatment substantially equal to that which the Collateral Agent accords its own property. None of the Administrative Agent, the Collateral Agent or any
Participant shall be liable or responsible for any loss or damage to any of the Collateral, or for any diminution in the value thereof, by reason of the act or omission of any warehouseman, carrier, forwarding agency, consignee, broker or other
agent or bailee selected by Borrower or selected by the Administrative Agent or the Collateral Agent in good faith. 
 Section 9.10
No Other Duties, etc. Anything herein to the contrary notwithstanding, the Arranger listed on the cover page hereof shall not have any powers, duties or responsibilities under this Agreement or any of the other Loan Documents, except in its
capacity, as applicable, as the Administrative Agent, the Collateral Agent, a Participant or the Issuing Bank. 
 ARTICLE X 

MISCELLANEOUS 
 Section 10.01
Amendments, Etc. No amendment or waiver of any provision of this Agreement or any other Loan Document (other than the Fee Letter), and no consent to any departure by the Borrower or any other Loan Party therefrom, shall in any event be
effective unless the same shall be in writing and signed by the Majority Participants and the Borrower, and then such waiver or consent shall be effective only in the specific instance and for the specific purpose for which given; provided,
however, that no amendment, waiver or consent shall: 
 (a) waive any condition set forth in Article III without the written
consent of each Participant; 
 (b) extend or increase the Commitment of any Participant (or reinstate any Commitment terminated pursuant to
Section 7.02) without the written consent of such Participant; 
 (c) postpone any date fixed by this Agreement for any mandatory
reduction of the Commitments without the written consent of each Participant; 
 (d) postpone any date fixed by this Agreement or any other
Loan Document for any payment or mandatory prepayment of principal, interest, fees or other amounts due to the Participants (or any of them) hereunder or under any other Loan Document without the written consent of each Participant directly affected
thereby; 
 (e) reduce the principal of, or the rate of interest specified herein on, any Advance or Reimbursement Obligation, or (subject to
clause (iv) of the second proviso to this Section 10.01) any fees or other amounts payable hereunder or under any other Loan Document without the prior written consent of each Participant directly affected thereby; provided,
however, that only the consent of the Majority Participants shall be necessary to waive any obligation of the Borrower to pay interest at the Default Rate; 
  

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 (f) change Section 2.13 in a manner that would alter the pro rata sharing of payments
required thereby without the written consent of each Participant; 
 (g) change any provision of this Section, or the definition of
“Majority Participants” or any other provision hereof specifying the number or percentage of Participants 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 Participant directly affected thereby; 
 (h) release any amounts deposited in the Deposit Account other than as
expressly provided herein; 
 (i) release any Guarantor from the Guaranty or all or any substantial portion of the Collateral without the
written consent of each Participant; provided, however, that any Guarantor or Collateral may be released if they are sold or transferred as permitted hereunder; 
 (j) amend the definition of the term “Interest Period” so as to permit intervals in excess of six months; or 
 (k) amend Section 2.08(c)(v); 
 and,
provided further, that (i) no amendment, waiver or consent shall, unless in writing and signed by the Issuing Bank in addition to the Participants required above, affect the rights or duties of the Issuing Bank under this Agreement or
any Letter of Credit Application relating to any Letter of Credit issued or to be issued by it; (ii) no amendment, waiver or consent shall, unless in writing and signed by the Administrative Agent in addition to the Participants required above,
affect the rights or duties of the Administrative Agent under this Agreement or any other Loan Document; (iii) Section 10.06(g) may not be amended, waived or otherwise modified without the consent of each Granting Participant all or
any part of whose Advances are being funded by a SPC at the time of such amendment, waiver or other modification; and (iv) the Fee Letter may be amended, or rights or privileges thereunder waived, in a writing executed only by the parties
thereto. 
 Section 10.02 Notices, Etc. 
 (a) General. Except in the case of notices and other communications expressly permitted to be given by telephone (and except as provided in paragraph (c) 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, sent by telecopier or (subject to subsection (c) below) electronic mail address as follows: 

(i) if to the Borrower or any other Loan Party, any Agent or the Issuing Bank, to the address, facsimile number, electronic mail
address or telephone number specified for such Person on Schedule 10.02 or to such other address, facsimile number, electronic mail address or telephone number as shall be designated by such party in a notice to the other parties; and

  

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 (ii) if to any other Participant, to the address, facsimile number, electronic mail
address or telephone number specified in its Administrative Questionnaire or to such other address, facsimile number, electronic mail address or telephone number as shall be designated by such party in a notice to the Administrative Agent.

 Notices sent by hand or overnight courier service, or mailed by certified or registered mail, shall be deemed to have been given when received; notices
sent by telecopier shall be deemed to have been given when sent (except that, if not given during normal business hours for the recipient, shall be deemed to have been given on the next business day for the recipient) and confirmed received. Notices
delivered through electronic communications to the extent provided in paragraph (c) below, shall be effective as provided in said paragraph (c). In no event shall a voicemail message be effective as a notice, communication or confirmation
hereunder. 
 (b) Effectiveness of Facsimile Documents and Signatures. Loan Documents may be transmitted and/or signed by facsimile.
The effectiveness of any such documents and signatures shall, subject to applicable Legal Requirements, have the same force and effect as manually-signed originals and shall be binding on all Loan Parties, the Agents and the Participants. The
Administrative Agent may also require that any such documents and signatures be confirmed by a manually-signed original thereof; provided, however, that the failure to request or deliver the same shall not limit the effectiveness of
any facsimile document or signature. 
 (c) Limited Use of Electronic Mail. Notices and other communications to the Participants and
the Issuing Bank hereunder may be delivered or furnished by electronic communication (including e-mail and Internet or intranet websites) pursuant to procedures approved by the Administrative Agent in its sole discretion, provided that the
foregoing shall not apply to notices to any Participant or the Issuing Bank pursuant to Article II if such Participant or the Issuing Bank, as applicable, has notified the Administrative Agent that it is incapable of receiving notices under
such Article by electronic communication. Any Agent or the Borrower may, in its discretion, agree to accept notices and other communications to it hereunder by electronic communications pursuant to procedures approved by it, provided that
approval of such procedures may be limited to particular notices or communications. Unless the Administrative Agent otherwise prescribes, (i) notices and other communications sent to an e-mail address shall be deemed received upon the
sender’s receipt of an acknowledgement from the intended recipient (such as by the “return receipt requested” function, as available, return e-mail or other written acknowledgement), provided that if such notice or other
communication is not sent during the normal business hours of the recipient, such notice or communication shall be deemed to have been sent at the opening of business on the next business day for the recipient, and (ii) notices or
communications posted to an Internet or intranet website shall be deemed received upon the deemed receipt by the intended recipient at its e-mail address as described in the foregoing clause (i) of notification that such notice or communication
is available and identifying the website address therefor. 
 (d) Reliance by Agents, the Issuing Bank and Participants. Each of the
Agents, the Issuing Bank and the Participants shall be entitled to rely and act upon any notices (including telephonic Borrowing Notices) purportedly given by or on behalf of a Loan Party even if (i) such notices were not made in a manner
specified herein, were incomplete or were not preceded or followed by any other form of notice specified herein, or (ii) the terms thereof, as understood by 
  

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 the recipient, varied from any confirmation thereof. THE BORROWER SHALL
INDEMNIFY THE AGENTS, THE ISSUING BANK, EACH PARTICIPANT AND THEIR RELATED
PARTIES FROM ALL LOSSES, COSTS, EXPENSES AND LIABILITIES RESULTING FROM THE
RELIANCE BY SUCH PERSON ON EACH NOTICE PURPORTEDLY GIVEN BY OR ON
BEHALF OF THE BORROWER. All telephonic notices to and other communications with any Agent or the Issuing Bank may be recorded by such Agent or Issuing Bank, and each of the parties
hereto hereby consents to such recording. 
 Section 10.03 No Waiver; Cumulative Remedies. No failure on the part of any
Participant, any Agent or the Issuing Bank to exercise, and no delay by any such Person in exercising, any right, remedy, power or privilege hereunder shall operate as a waiver thereof; nor shall any single or partial exercise of any such right
preclude any other or further exercise thereof or the exercise of any other right, remedy, power or privilege. The rights, remedies, powers and privileges herein provided in this Agreement are cumulative and not exclusive of any rights, remedies,
powers and privileges provided by law. 
 Section 10.04 Costs and Expenses. The Borrower shall pay (i) all reasonable
out-of-pocket expenses incurred by any Agent, the Issuing Bank and their Affiliates (including the reasonable fees, charges and disbursements of counsel for the Administrative Agent), and shall pay all fees and time charges and disbursements for
attorneys who may be employees of the Administrative Agent, in connection with the syndication of the credit facilities provided for herein, the preparation, negotiation, execution, delivery and administration of this Agreement and the other Loan
Documents or any amendments, modifications or waivers of the provisions hereof or thereof (whether or not the transactions contemplated hereby or thereby shall be consummated), (ii) all reasonable out-of-pocket expenses incurred by the Issuing
Bank in connection with the issuance, amendment, renewal or extension of any Letter of Credit or any demand for payment thereunder and (iii) all out-of-pocket expenses incurred by any Agent, any Participant or the Issuing Bank (including the
fees, charges and disbursements of any counsel for any Agent, any Participant or the Issuing Bank), and shall pay all fees and time charges for attorneys who may be employees of any Agent, any Participant or the Issuing Bank, 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 Advances made or Letters of Credit issued hereunder,
including all such out-of-pocket expenses incurred during any workout, restructuring or negotiations in respect of such Loans or Letters of Credit. The foregoing costs and expenses shall include all search, filing, recording, title insurance and
appraisal charges and fees and taxes related thereto, and other out-of-pocket expenses incurred by any Agent or the Issuing Bank and the cost of independent public accountants and other outside experts retained by any Agent, the Issuing Bank or any
Participant. All amounts due under this Section 10.04 shall be payable within ten Business Days after demand therefor. The agreements in this Section shall survive the termination of the Commitments and repayment of all other
Obligations. 
 Section 10.05 Indemnification. THE BORROWER SHALL
INDEMNIFY EACH AGENT, EACH PARTICIPANT, THE REVOLVING LOAN LENDER AND THE
ISSUING BANK, AND EACH RELATED PARTY OF ANY OF THE FOREGOING PERSONS
(EACH SUCH PERSON BEING CALLED AN “INDEMNITEE”) AGAINST, AND HOLD
EACH INDEMNITEE HARMLESS FROM, ANY AND ALL LIABILITIES, OBLIGATIONS, LOSSES,
DAMAGES, PENALTIES, CLAIMS, DEMANDS, ACTIONS, JUDGMENTS, SUITS, COSTS, EXPENSES, OR
DISBURSEMENTS (INCLUDING ALL FEES, EXPENSES 
  

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 AND DISBURSEMENTS OF ANY LAW
FIRM OR OTHER EXTERNAL COUNSEL AND, WITHOUT DUPLICATION, THE ALLOCATED COST
OF INTERNAL LEGAL SERVICES AND ALL EXPENSES AND DISBURSEMENTS OF INTERNAL
COUNSEL) OF ANY KIND OR NATURE WHATSOEVER WHICH MAY BE IMPOSED ON,
INCURRED BY, OR ASSERTED AGAINST ANY INDEMNITEE IN ANY WAY RELATING
TO OR ARISING OUT OF OR IN CONNECTION WITH (A) THE EXECUTION,
DELIVERY, ENFORCEMENT, PERFORMANCE, OR ADMINISTRATION OF THIS AGREEMENT, ANY LOAN
DOCUMENT, OR ANY OTHER AGREEMENT, LETTER OR INSTRUMENT DELIVERED IN CONNECTION
WITH THE TRANSACTIONS CONTEMPLATED THEREBY OR THE CONSUMMATION OF THE TRANSACTIONS
CONTEMPLATED THEREBY, (B) ANY COMMITMENT, ADVANCE OR LETTER OF CREDIT OR
THE USE OR PROPOSED USE OF THE PROCEEDS THEREFROM (INCLUDING ANY
REFUSAL BY THE ISSUING BANK TO HONOR A DEMAND FOR PAYMENT UNDER
A LETTER OF CREDIT IF THE DOCUMENTS PRESENTED IN CONNECTION WITH SUCH
DEMAND DO NOT STRICTLY COMPLY WITH THE TERMS OF SUCH LETTER OF
CREDIT), (C) ANY ACTION TAKEN OR OMITTED BY ANY AGENT OR THE
ISSUING BANK UNDER THIS AGREEMENT OR ANY OTHER LOAN DOCUMENT (INCLUDING
SUCH AGENT’S OR THE ISSUING BANK’S OWN NEGLIGENCE),
(D) ANY ACTUAL OR ALLEGED PRESENCE OR RELEASE OF HAZARDOUS MATERIALS
ON OR FROM ANY PROPERTY CURRENTLY OR FORMERLY OWNED OR OPERATED BY
THE BORROWER, ANY SUBSIDIARY OR ANY OTHER LOAN PARTY, OR ANY
ENVIRONMENTAL LIABILITY RELATED IN ANY WAY TO THE BORROWER, ANY SUBSIDIARY
OR ANY OTHER LOAN PARTY, OR (E) ANY ACTUAL OR PROSPECTIVE CLAIM,
LITIGATION, INVESTIGATION OR PROCEEDING RELATING TO ANY OF THE FOREGOING, WHETHER
BASED ON CONTRACT, TORT OR ANY OTHER THEORY (INCLUDING ANY INVESTIGATION
OF, PREPARATION FOR, OR DEFENSE OF ANY PENDING OR THREATENED CLAIM,
INVESTIGATION, LITIGATION OR PROCEEDING) AND REGARDLESS OF WHETHER ANY INDEMNITEE IS
A PARTY THERETO (ALL THE FOREGOING, COLLECTIVELY, THE “INDEMNIFIED
LIABILITIES”); PROVIDED THAT SUCH INDEMNITY SHALL NOT, AS TO
ANY INDEMNITEE, BE AVAILABLE TO THE EXTENT THAT SUCH LIABILITIES, OBLIGATIONS,
LOSSES, DAMAGES, PENALTIES, CLAIMS, DEMANDS, ACTIONS, JUDGMENTS, SUITS, COSTS, EXPENSES
OR DISBURSEMENTS ARE DETERMINED BY A COURT OF COMPETENT JURISDICTION BY
FINAL AND NONAPPEALABLE JUDGMENT TO HAVE RESULTED FROM THE GROSS NEGLIGENCE,
BAD FAITH OR WILLFUL MISCONDUCT OF SUCH INDEMNITEE. 
 TO THE FULLEST EXTENT PERMITTED BY APPLICABLE
LAW, NO LOAN PARTY SHALL ASSERT, AND HEREBY WAIVES, ANY CLAIM AGAINST
ANY INDEMNITEE, ON ANY THEORY OF LIABILITY, FOR SPECIAL, INDIRECT, CONSEQUENTIAL
OR PUNITIVE DAMAGES (AS OPPOSED TO DIRECT OR ACTUAL DAMAGES) ARISING
OUT OF, IN CONNECTION WITH, OR AS A RESULT OF, THIS AGREEMENT,
ANY OTHER LOAN DOCUMENT OR ANY AGREEMENT OR INSTRUMENT CONTEMPLATED HEREBY,
THE TRANSACTIONS CONTEMPLATED HEREBY OR THEREBY, ANY LOAN OR LETTER OF
CREDIT OR THE USE OF THE PROCEEDS THEREOF. NO INDEMNITEE 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. 
 ALL AMOUNTS DUE UNDER
THIS SECTION 10.05 SHALL BE PAYABLE WITHIN TEN BUSINESS DAYS AFTER
DEMAND THEREFOR. THE AGREEMENTS IN THIS SECTION SHALL SURVIVE THE RESIGNATION
OF THE ADMINISTRATIVE AGENT, THE REPLACEMENT OF ANY PARTICIPANT, THE TERMINATION
OF THE COMMITMENTS AND THE REPAYMENT, SATISFACTION OR DISCHARGE OF ALL
THE OTHER OBLIGATIONS. 
  

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 Section 10.06 Successors and Assigns. 
 (a) Generally. The terms and provisions of this Agreement and the other Loan Documents shall be binding upon and inure to the benefit of the
parties hereto and their respective successors and assigns permitted hereby, except that no Loan Party may assign or otherwise transfer any of its rights or obligations hereunder without the prior written consent of each Participant and no
Participant may assign or otherwise transfer any of its rights or obligations hereunder except (i) to an Eligible Assignee in accordance with the provisions of subsection (b) of this Section, (ii) by way of participation in accordance
with the provisions of subsection (d) of this Section, (iii) by way of pledge or assignment of a security interest subject to the restrictions of subsection (f) or (h) of this Section, or (iv) to an SPC in accordance with
the provisions of subsection (g) of this Section (and any other attempted assignment or transfer by any party hereto shall be null and void). Nothing in this Agreement, expressed or implied, shall be construed to confer upon any Person (other
than the parties hereto, their respective successors and assigns permitted hereby, Participants to the extent provided in subsection (d) of this Section and, to the extent expressly contemplated hereby, the Indemnitees) any legal or equitable
right, remedy or claim under or by reason of this Agreement. 
 (b) Assignments by Participants. Any Participant may assign to one or
more Eligible Assignees all or any portion of its rights and obligations under this Agreement (including, without limitation, all or a portion of its Commitments, the Advances and Deposits owing to it, and participations in Letter of Credit
Obligations) at the time owing to it; provided, however, that 
 (i) except in the case of an assignment of the
entire remaining amount of the assigning Participant’s Commitment and the Advances and Deposits owing to it or in the case of an assignment to a Participant or an Affiliate of a Participant or an Approved Fund with respect to a Participant, the
aggregate amount of the Commitments and Advances of such Participant being assigned pursuant to each such assignment (determined as of the date of the Assignment and Acceptance with respect to such assignment) shall not be less than $1,000,000;

 (ii) the parties to each such assignment shall execute and deliver to the Administrative Agent, for its acceptance and
recording in the Register, an Assignment and Acceptance; and 
 (iii) each Eligible Assignee (other than an Eligible Assignee
that is a Participant or an Affiliate of a Participant) shall pay to the Administrative Agent a $3,500 processing and recording fee; provided, however that only one such fee shall be payable in the event of contemporaneous assignments
to or by two or more Approved Funds. 
 Upon such execution, delivery, acceptance and recording thereof by the Administrative Agent pursuant to paragraph
(c) of this Section, from and after the effective date specified in each Assignment and Acceptance, (A) the Eligible Assignee thereunder shall be a party hereto for all purposes and, to the extent that rights and obligations hereunder have
been assigned to it 
  

 104 

 pursuant to such Assignment and Acceptance, have the rights and obligations of a Participant hereunder and (B) such
assigning Participant thereunder shall, to the extent that rights and obligations hereunder have been assigned by it pursuant to such Assignment and Acceptance, relinquish its rights and be released from its obligations under this Agreement (and, in
the case of an Assignment and Acceptance covering all or the remaining portion of such Participant’s rights and obligations under this Agreement, such Participant shall cease to be a party hereto) but shall continue to be entitled to the
benefits of Sections 2.10, 2.12, 10.04 and 10.05 with respect to facts and circumstances occurring prior to the effective date of such assignment). Any assignment or transfer by a Participant of rights or obligations
under this Agreement that does not comply with this subsection shall be treated for purposes of this Agreement as a sale by such Participant of a participation in such rights and obligations in accordance with subsection (d) of this Section.

 (c) Register. The Administrative Agent shall maintain at its Applicable Lending Office a copy of each Assignment and Acceptance
delivered to and accepted by it and a register for the recordation of the names and addresses of the Participants and the Commitments of, and principal amount of the Advances and Deposits owing to, each Participant from time to time (the
“Register”). The entries in the Register shall be conclusive and binding for all purposes, absent manifest error, and each of the Loan Parties, the Administrative Agent, the Issuing Bank, and the Participants may treat each Person
whose name is recorded in the Register as a Participant hereunder for all purposes of this Agreement. The Register shall be available for inspection by the Borrower or any Participant at any reasonable time and from time to time upon reasonable
prior notice. 
 (d) Participations. Any Participant may at any time, without the consent of, or notice to, the Borrower or the
Administrative Agent, sell participations to any Person (other than a natural person or the Borrower or any of the Borrower’s Affiliates or Subsidiaries) (each, a “Sub-Participant”) in all or a portion of such
Participant’s rights and/or obligations under this Agreement (including all or a portion of its Commitment and/or the Advances and Deposits (including such Participant’s participations in Letter of Credit Obligations) owing to it);
provided that (i) such Participant’s obligations under this Agreement shall remain unchanged, (ii) such Participant shall remain solely responsible to the other parties hereto for the performance of such obligations and
(iii) the Borrower, the Administrative Agent and the other Participants shall continue to deal solely and directly with such Participant in connection with such Participant’s rights and obligations under this Agreement. Any agreement or
instrument pursuant to which a Participant sells such a participation shall provide that such Participant shall retain the sole right to enforce this Agreement and to approve any amendment, modification or waiver of any provision of this Agreement;
provided that such agreement or instrument may provide that such Participant will not, without the consent of the Sub-Participant, agree to any amendment, waiver or other modification described in the first proviso to
Section 10.01 that directly affects such Sub-Participant. Subject to subsection (e) of this Section, the Borrower agrees that each Sub-Participant shall be entitled to the benefits of Sections 2.09, 2.10, 2.12,
10.04 and 10.05 to the same extent as if it were a Participant and had acquired its interest by assignment pursuant to subsection (b) of this Section. To the extent permitted by law, each Sub-Participant also shall be entitled to
the benefits of Section 7.05 as though it were a Participant, provided such Sub-Participant agrees to be subject to Section 2.13 as though it were a Participant. 
  

 105 

 (e) A Sub-Participant shall not be entitled to receive any greater payment under Section 2.09
or 2.11 than the applicable Participant would have been entitled to receive with respect to the participation sold to such Sub-Participant, unless the sale of the participation to such Sub-Participant is made with the Borrower’ prior
written consent. A Sub-Participant that would be a Foreign Participant if it were a Participant shall not be entitled to the benefits of Section 2.12 unless the Borrower are notified of the participation sold to such Sub-Participant and
such Sub-Participant agrees, for the benefit of the Borrower, to comply with Section 2.12(e) as though it were a Participant. 
 (f) Any Participant 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 Participant, including any pledge or assignment to secure obligations to a
Federal Reserve Bank; provided that no such pledge or assignment shall release such Participant from any of its obligations hereunder or substitute any such pledgee or assignee for such Participant as a party hereto. 
 (g) Notwithstanding anything to the contrary contained herein, any Participant (a “Granting Participant”) may grant to a special purpose
funding vehicle identified as such in writing from time to time by the Granting Participant to the Administrative Agent and the Borrower (an “SPC”) the option to provide all or any part of any Advance or Deposit that such Granting
Participant would otherwise be obligated to make pursuant to this Agreement; provided that (i) nothing herein shall constitute a commitment by any SPC to fund any Advance or Deposit, and (ii) if a SPC elects not to exercise such
option or otherwise fails to make all or any part of such Advance or Deposit, the Granting Participant shall be obligated to make such Advance pursuant to the terms hereof. Each party hereto hereby agrees that (i) neither the grant to any SPC
nor the exercise by any SPC of such option shall increase the costs or expenses or otherwise increase or change the obligations of the Borrower under this Agreement, (ii) no SPC shall be liable for any indemnity or similar payment obligation
under this Agreement for which a Participant would be liable, and (iii) the Granting Participant shall for all purposes, including the approval of any amendment, waiver or other modification of any provision of any Loan Document, remain the
lender of record hereunder. The making of an Advance or Deposit by a SPC hereunder shall utilize the Commitment of the Granting Participant to the same extent, and as if, such Advance or Deposit were made by such Granting Participant. In furtherance
of the foregoing, each party hereto hereby agrees (which agreement shall survive the termination of this Agreement) that, prior to the date that is one year and one day after the payment in full of all outstanding commercial paper or other senior
debt of any SPC, it will not institute against, or join any other Person in instituting against, such SPC any bankruptcy, reorganization, arrangement, insolvency, or liquidation proceeding under the laws of the United States or any State thereof.
Notwithstanding anything to the contrary contained herein, any SPC may (i) with notice to, but without prior consent of the Borrower and the Administrative Agent and without paying any processing fee therefor, assign all or any portion of its
right to receive payment with respect to any Advance to the Granting Participant and (ii) disclose on a confidential basis any non-public information relating to its funding of Advances to any rating agency, commercial paper dealer or provider
of any surety or Guarantee or credit or liquidity enhancement to such SPC. 
 (h) Notwithstanding anything to the contrary contained herein,
any Participant that is a Fund may create a security interest in all or any portion of the Advances owing to it and the 
  

 106 

 Note, if any, held by it to the trustee for holders of obligations owed, or securities issued, by such Fund as security
for such obligations or securities, provided that unless and until such trustee actually becomes a Participant in compliance with the other provisions of this Section 10.06, (i) no such pledge shall release the pledging
Participant from any of its obligations under the Loan Documents and (ii) such trustee shall not be entitled to exercise any of the rights of a Participant under the Loan Documents even though such trustee may have acquired ownership rights
with respect to the pledged interest through foreclosure or otherwise. 
 Section 10.07 Confidentiality. Each of the Agents, the
Issuing Bank and the Participants agrees to maintain the confidentiality of the Information (as defined below), except that Information may be disclosed (a) to its and its Affiliates’ directors, officers, employees and agents, including
accountants, legal counsel and other advisors (it being understood that the Persons to whom such disclosure is made will be informed of the confidential nature of such Information and instructed to keep such Information confidential), (b) to
the extent requested by any regulatory authority (including any self-regulatory authority, such as the National Association of Insurance Commissioners), (c) to the extent required by applicable laws 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 those of this Section, to (i) any assignee of, pledgee under Section 10.06(f) or Sub-Participant in, or
any prospective assignee of, pledgee under Section 10.06(f) or Sub-Participant in, any of its rights or obligations under this Agreement or (ii) any actual or prospective counterparty (or its advisors) to any swap or derivative
transaction relating to the Borrower and its obligations, (g) with the consent of the Borrower or (h) to the extent such Information (x) becomes publicly available other than as a result of a breach of this Section or (y) becomes
available to the Administrative Agent or any Participant on a nonconfidential basis from a source other than the Borrower. For purposes of this Section, “Information” means all information received from any Loan Party relating to
any Loan Party or any of their respective businesses, other than any such information that is available to an Agent, the Issuing Bank or any Participant on a nonconfidential basis prior to disclosure by any Loan Party, provided that, in the
case of information received from a Loan Party after the date hereof, such information is clearly identified at the time of delivery as confidential. Any Person required to maintain the confidentiality of Information as provided in this Section
shall be considered to have complied with its obligation to do so if such Person has exercised the same degree of care to maintain the confidentiality of such Information as such Person would accord to its own confidential information. 

Section 10.08 Execution in Counterparts. This Agreement may be executed in any number of counterparts and by different parties hereto in
separate counterparts, each of which when so executed shall be deemed to be an original and all of which taken together shall constitute one and the same agreement. 
 Section 10.09 Survival of Representations, etc. All representations and warranties made hereunder and in any other Loan Document or other document delivered pursuant hereto or thereto or in connection
herewith or therewith shall survive the execution and delivery hereof and thereof. Such representations and warranties have been or will be relied upon by the Agents, 
  

 107 

 the Issuing Bank and each Participant, regardless of any investigation made by any Agent, the Issuing Bank or any
Participant or on their behalf and notwithstanding that any Agent, the Issuing Bank or any Participant may have had notice or knowledge of any Default at the time of any Advance, and shall continue in full force and effect as long as any Advance or
any other Obligation hereunder shall remain unpaid or unsatisfied or any Letter of Credit shall remain outstanding. 
 Section 10.10
Severability. If any provision of this Agreement or the other Loan Documents is held to be illegal, invalid or unenforceable, (a) the legality, validity and enforceability of the remaining provisions of this Agreement and the other Loan
Documents shall not be affected or impaired thereby and (b) the parties shall endeavor in good faith negotiations to replace the illegal, invalid or unenforceable provisions with valid provisions the economic effect of which comes as close as
possible to that of the illegal, invalid or unenforceable provisions. The invalidity of a provision in a particular jurisdiction shall not invalidate or render unenforceable such provision in any other jurisdiction. 
 Section 10.11 [Reserved]. 
 Section 10.12 Governing Law. This Agreement and each of the other Loan Documents shall be governed by and construed in accordance with the laws of the State of New York and the applicable laws of the United States of America.

 Section 10.13 SUBMISSION TO JURISDICTION.

 (a) ANY LEGAL ACTION OR PROCEEDING WITH
RESPECT TO THIS AGREEMENT OR ANY OTHER LOAN DOCUMENT MAY BE BROUGHT
IN THE COURTS OF THE STATE OF NEW YORK SITTING IN NEW
YORK CITY OR OF THE UNITED STATES FOR THE EASTERN DISTRICT OF
SUCH STATE, AND BY EXECUTION AND DELIVERY OF THIS AGREEMENT, THE
BORROWER, THE ADMINISTRATIVE AGENT AND EACH PARTICIPANT CONSENTS, FOR ITSELF AND
IN RESPECT OF ITS PROPERTY, TO THE NON-EXCLUSIVE JURISDICTION OF
THOSE COURTS. THE BORROWER, THE ADMINISTRATIVE AGENT AND EACH PARTICIPANT
IRREVOCABLY WAIVES ANY OBJECTION, INCLUDING ANY OBJECTION TO THE LAYING OF
VENUE OR BASED ON THE GROUNDS OF FORUM NON CONVENIENS,
WHICH IT MAY NOW OR HEREAFTER HAVE TO THE BRINGING OF ANY
ACTION OR PROCEEDING IN SUCH JURISDICTION IN RESPECT OF ANY LOAN
DOCUMENT OR OTHER DOCUMENT RELATED THERETO. THE BORROWER, THE ADMINISTRATIVE AGENT
AND EACH PARTICIPANT WAIVES PERSONAL SERVICE OF ANY SUMMONS, COMPLAINT OR
OTHER PROCESS, WHICH MAY BE MADE BY ANY OTHER MEANS PERMITTED BY
THE LAW OF SUCH STATE. 
 (b) Each Loan Party has irrevocably
appointed CT Corporation System (the “Process Agent”), with an office on the date hereof at 111 Eighth Ave., New York, New York, 10011, as its agent to receive on its behalf and on behalf of its property service of copies of any
summons or complaint or any other process which may be served in any action. Such service may be made by mailing or delivering a copy of such process to such Loan Party in care of the Process Agent at the Process Agent’s above address, and each
Loan Party hereby irrevocably authorizes and directs the Process Agent to accept such service on its behalf. As an alternative method of service, each Loan Party also irrevocably consents to the service of any and all process in any such action or
proceeding by the mailing of copies of such process to it at the address specified for it on the signature pages of this Agreement. 
  

 108 

 (c) Nothing in this Section 10.13 shall affect the right of any Agent, the Issuing Bank or
any other Participant to serve legal process in any other manner permitted by law or affect the right of any Agent, the Issuing Bank or any Participant to bring any action or proceeding against any Loan Party (as the Borrower or as a Guarantor) in
the courts of any other jurisdiction. 
 Section 10.14 WAIVER OF
JURY. EACH PARTY TO THIS AGREEMENT HEREBY EXPRESSLY AND
IRREVOCABLY WAIVES ANY RIGHT TO TRIAL BY JURY OF ANY CLAIM, DEMAND,
ACTION OR CAUSE OF ACTION ARISING UNDER ANY LOAN DOCUMENT OR IN
ANY WAY CONNECTED WITH OR RELATED OR INCIDENTAL TO THE DEALINGS OF
THE PARTIES HERETO OR ANY OF THEM WITH RESPECT TO ANY LOAN
DOCUMENT, OR THE TRANSACTIONS RELATED THERETO, IN EACH CASE WHETHER NOW
EXISTING OR HEREAFTER ARISING, AND WHETHER FOUNDED IN CONTRACT OR TORT
OR OTHERWISE; AND EACH PARTY HEREBY AGREES AND CONSENTS THAT ANY SUCH
CLAIM, DEMAND, ACTION OR CAUSE OF ACTION SHALL BE DECIDED BY COURT
TRIAL WITHOUT A JURY, AND THAT ANY PARTY TO THIS AGREEMENT MAY
FILE AN ORIGINAL COUNTERPART OR A COPY OF THIS SECTION WITH ANY
COURT AS WRITTEN EVIDENCE OF THE CONSENT OF THE SIGNATORIES HERETO TO
THE WAIVER OF THEIR RIGHT TO TRIAL BY JURY. 
 Section 10.15 Collateral Matters; Swap Contracts. The benefit of the Security Documents and of the provisions of this Agreement relating to
any Collateral securing the Obligations shall also extend to and be available to those Participants or their Affiliates which are counterparties to any Swap Contract with any Loan Party on a pro rata basis in respect of any obligations of any Loan
Party which arise under any such Swap Contract while such Person or its Affiliate is a Participant, but only while such Person or its Affiliate is a Participant, including any Swap Contracts between such Persons in existence prior to the date
hereof. No Participant or any Affiliate of a Participant shall have any voting rights under any Loan Document as a result of the existence of obligations owed to it under any such Swap Contracts. 
 Section 10.16 Judgment Currency. If for the purposes of obtaining judgment in any court it is necessary to convert a sum due from any Loan
Party hereunder in the currency expressed to be payable herein (the “specified currency”) into another currency, the parties hereto agree, to the fullest extent that they may effectively do so, that the rate of exchange used shall be that
at which in accordance with normal banking procedures the Administrative Agent could purchase the specified currency with such other currency at the Administrative Agent’s main New York office on the Business Day preceding that on which final,
non-appealable judgment is given. The obligations of the Loan Parties in respect of any sum due to any Secured Party hereunder shall, notwithstanding any judgment in a currency other than the specified currency, be discharged only to the extent that
on the Business Day following receipt by such Secured Party of any sum adjudged to be so due in such other currency such Secured Party may in accordance with normal, reasonable banking procedures purchase the specified currency with such other
currency. If the amount of the specified currency so purchased is less than the sum originally due to such Secured Party in the specified currency, each Loan Party agrees, to the fullest extent that it may effectively do so, as a separate obligation
and notwithstanding any such judgment, to indemnify such Secured Party against such loss. 
  

 109 

 Section 10.17 ENTIRE
AGREEMENT. THIS AGREEMENT AND THE OTHER LOAN DOCUMENTS REPRESENT
THE FINAL AGREEMENT AMONG THE PARTIES AND MAY NOT BE CONTRADICTED BY
EVIDENCE OF PRIOR, CONTEMPORANEOUS, OR SUBSEQUENT ORAL AGREEMENTS OF THE PARTIES.
THERE ARE NO UNWRITTEN ORAL AGREEMENTS AMONG THE PARTIES. 
 Section 10.18 USA Patriot Act Notice. Each Lender hereby notifies the Borrower that pursuant to the requirements of the USA Patriot Act
(Title III of Pub. L. 107-56 (signed into law October 26, 2001)) (the “Act”), it is required to obtain, verify and record information that identifies the Borrower, which information includes the name and address of the Borrower
and other information that will allow such Lender to identify the Borrower in accordance with the Act. 
  

 110 

 EXECUTED as of the date first above written. 
  

			
	BORROWER:
	
	WILLBROS USA, INC.
		
	By:	 	 /s/ Gay Stanley Mayeux

		 	Gay Stanley Mayeux
		 	Authorized Representative
	
	GUARANTORS:
	
	WG NIGERIA HOLDINGS LIMITED
	WG NIGERIA EQUIPMENT LIMITED
	WILLBROS CONSTRUCTORS, INC.
	WILLBROS GROUP, INC.
	WILLBROS ENERGY SERVICES COMPANY
	WILLBROS ENGINEERS, INC.
	WILLBROS GOVERNMENT SERVICES, INC.
	WILLBROS INTERNATIONAL, INC.
	WILLBROS MARINE ASSETS, INC.
	WILLBROS MIDDLE EAST, INC.
	WILLBROS MSI CANADA INC.
	WILLBROS MT. WEST, INC.
	WILLBROS PROCESS ELECTRIC AND CONTROL, INC.
	WILLBROS PROJECT SERVICES, INC.
	WILLBROS RPI, INC.
	WILBROS WEST AFRICA, INC.
	INTERNATIONAL PIPELINE EQUIPMENT, INC.
		
	By:	 	 /s/ Gay Stanley Mayeux

		 	Gay Stanley Mayeux
		 	Authorized Representative

 Signature Page to Credit Agreement 
 Willbros USA, Inc. 

			
	CALYON NEW YORK BRANCH,
	 as Administrative Agent, Collateral Agent, Issuing
 Bank and as a Participant

		
	By:	 	 /s/ Dennis E. Petito

	Name:	 	Dennis E. Petito
	Title:	 	Managing Director
		
	By:	 	 /s/ Page Dillehunt

	Name:	 	Page Dillehunt
	Title:	 	Managing Director

 Signature Page to Credit Agreement 
 Willbros USA, Inc. 

 EXHIBIT A 
 ASSIGNMENT AND ACCEPTANCE 
 Dated
                    ,          
 Reference is made to the Credit Agreement dated as of October 27, 2006 (as the same may be amended or modified from time to time, the
“Credit Agreement”) among Willbros USA, Inc., a Delaware corporation (the “Borrower”), Willbros Group, Inc., a Panamanian corporation, and certain subsidiaries and affiliates thereof, as guarantors, the lenders from
time to time party thereto (the “Participants”), and Calyon New York Branch, as administrative agent for the Participants (in such capacity, the “Administrative Agent”), collateral agent, issuing bank and deposit
bank. Capitalized terms not otherwise defined in this Assignment and Acceptance shall have the meanings assigned to them in the Credit Agreement. 
 Pursuant to the terms of the Credit Agreement,                      wishes to assign and delegate
$                    1 of its rights and obligations under the Credit Agreement. Therefore,                      (“Assignor”),
                     (“Assignee”), and the Administrative Agent agree as follows: 
 1. The Assignor hereby sells and assigns and delegates to the Assignee, and the Assignee hereby purchases and assumes from the Assignor, without recourse
to the Assignor and without representation or warranty except for the representations and warranties specifically set forth in clauses (i) and (ii) of Section 2 hereof, a     % interest in and to all of the
Assignor’s rights and obligations under the Credit Agreement as of the Effective Date (as defined below), including, without limitation, such percentage interest in the Assignor’s Commitment, Advances and Deposits owing to the Assignor and
the Assignor’s Letter of Credit Exposure. 
 2. The Assignor (i) represents and warrants that, prior to executing this Assignment
and Acceptance, its Commitment is $                    , the aggregate outstanding principal amount of the Advances owed to it is
$                    , the aggregate outstanding principal amount of the Deposits owed to it is
$                     and its Pro Rata Share of the Letter of Credit Exposure is
$                    ; (ii) represents and warrants that it is the legal and beneficial owner of the interest being assigned by it
hereunder and that such interest is free and clear of any adverse claim; (iii) makes no representation or warranty and assumes no responsibility with respect to any statements, warranties, or representations made in, or in connection with, the
Credit Agreement or any other Loan Document or the execution, legality, validity, 
  

	1	Except for assignments of 100% of a Participant’s Commitment, Advances and Deposits owing to it, and except for assignments to a Participant, an Affiliate of a
Participant or an Approved Fund with respect to a Participant, an assignment of Commitments, Advances, and Deposits owing to such Participant must specify dollar amount not less than $1,000,000.00. 

  

 Exhibit A – Page 1 

 enforceability, genuineness, sufficiency, or value of the Credit Agreement or any other Loan Document or any other
instrument or document furnished pursuant thereto; and (iv) makes no representation or warranty and assumes no responsibility with respect to the financial condition of any Loan Party or the performance or observance by any Loan Party of any of
its respective obligations under the Credit Agreement or any other Loan Document or any other instrument or document furnished pursuant thereto[; and (v) attaches the Note held by the Assignor and requests that the Administrative Agent exchange
such Note for a new Note dated                     ,          in the principal amount of
$                     payable to the order of the Assignor.]2 
 3. The Assignee (i) confirms that it has
received a copy of the Credit Agreement, together with copies of the most recent financial statements referred to in Section 5.06 thereof and such other documents and information as it has deemed appropriate to make its own credit analysis and
decision to enter into this Assignment and Acceptance; (ii) agrees that it will, independently and without reliance upon the Administrative Agent, the Assignor, or any other Participant 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 Credit Agreement or any other Loan Document; (iii) appoints and authorizes the Administrative Agent to take such action as agent on
its behalf and to exercise such powers under the Credit Agreement and any other Loan Document as are delegated to the Administrative Agent by the terms thereof, together with such powers as are reasonably incidental thereto; (iv) agrees that it
will perform in accordance with their terms all of the obligations which by the terms of the Credit Agreement or any other Loan Document are required to be performed by it as a Participant; (v) specifies as its Applicable Lending Office (and
address for notices) the office set forth beneath its name on the signature pages hereof; (vi) attaches the forms prescribed by the Internal Revenue Service of the United States certifying as to the Assignee’s status for purposes of
determining exemption from United States withholding taxes with respect to all payments to be made to the Assignee under the Credit Agreement [and the Note] or such other documents as are necessary to indicate that all such payments are subject to
such rates at a rate reduced by an applicable tax treaty3, and (vii) represents that it is an Eligible
Assignee. 
 4. The effective date for this Assignment and Acceptance shall be
                     (the “Effective Date”) and following the execution of this Assignment and Acceptance, the Administrative Agent
will record it. 
 5. Upon such recording, and as of the Effective Date, (i) the Assignee shall be a party to the Credit Agreement for
all purposes, and, to the extent provided in this Assignment and Acceptance, have the rights and obligations of a Participant thereunder and (ii) the Assignor shall, to the extent provided in this Assignment and Acceptance, relinquish its
rights and be released from its obligations under the Credit Agreement. 
  

	2	As contemplated in Section 2.03(g)(iv) of Credit Agreement, Note to be provided only if requested by Assignee. 

	3	To be provided if the Assignee is organized under the laws of a jurisdiction outside the United States. 

  

 Exhibit A – Page 2 

 6. Upon such recording, from and after the Effective Date, the Administrative Agent shall make all
payments under the Credit Agreement [and the Note] in respect of the interest assigned hereby (including, without limitation, all payments of principal, interest, letter of credit fees and commitment fees) to the Assignee. The Assignor and Assignee
shall make all appropriate adjustments in payments under the Credit Agreement and the Note for periods prior to the Effective Date directly between themselves. 
 7. This Assignment and Acceptance shall be governed by, and construed and enforced in accordance with, the laws of the State of New York. 
 The parties hereto have caused this Assignment and Acceptance to be duly executed as of the date first above written. 
  

			
	[ASSIGNOR]
		
	By:	 	  

	Name:	 	  

	Title:	 	  

		
	Address:	 	  

		 	  

		 	  

	Attention:	 	  

	Telecopy No: (XXX) XXX-XXXX
	
	[ASSIGNEE]
		
	By:	 	  

	Name:	 	  

	Title:	 	  

	
	Lending Office
		
	Address:	 	  

		 	  

		 	  

	Attention:	 	  

	Telecopy No: (XXX) XXX-XXXX

  

 Exhibit A – Page 3 

 Acknowledged [and approved]4 this      day of
                    , 200  : 
 CALYON NEW YORK BRANCH, 
 as Administrative Agent and Issuing Bank 
  

					
	 By:
	 	  
	 	
	 Name:
	 	  
	 	
	 Title:
	 	  
	 	
	
	 [Approved this      day of
                    , 200  :

		
	 WILLBROS USA, INC.
	 	
			
	 By:
	 	  
	 	
	 Name:
	 	  
	 	
	 Title:
	 	  
	 	]5

  

	4	Approval of Administrative Agent and Issuing Bank required if Assignee is not a Participant or an Affiliate of a Participant. 

	5	Provided no Default or Event of Default has occurred and is continuing, the consent of the Borrower is required if Assignee is not a Participant or an Affiliate of a
Participant. 

  

 Exhibit A – Page 4 

 EXHIBIT C 
 FORM OF COMPLIANCE CERTIFICATE 
 [For Fiscal Quarter Ended
                    ] 
 [For Fiscal
Year Ended                     ] 
 This certificate dated as of             ,              is prepared pursuant to the Credit Agreement dated
as of October 27, 2006 (as amended, supplemented or otherwise modified from time to time, the “Credit Agreement”) among Willbros USA, Inc., a Delaware corporation (“Borrower”), Willbros Group, Inc., a
Panamanian corporation (the “Parent”), and certain subsidiaries and affiliates thereof, as guarantors, the lenders from time to time party thereto (the “Participants”), and Calyon New York Branch, as administrative
agent for the Participants (in such capacity, the “Administrative Agent”), collateral agent, issuing bank and deposit bank. Unless otherwise defined in this certificate, capitalized terms that are defined in the Credit Agreement
shall have the meanings assigned to them by the Credit Agreement. 
 Parent hereby certifies (a) that no Default or Event of Default has
occurred or is continuing, (b) that all of the representations and warranties made by each of the Loan Parties in the Credit Agreement and the other Loan Documents are correct on and as of the date hereof, as if made on this date, and
(c) that as of the date hereof, the following amounts and calculations were true and correct: 
 [Remainder of page intentionally left
blank.] 
  

 Exhibit C – Page 1 

							
	1.	 	Section 6.15 – Capital Expenditures.	 	
				
		 	(a)	 	Capital Expenditures of the Parent and its Subsidiaries in respect of the purchase or other acquisition of any fixed or capital asset (excluding normal replacements and maintenance which are
properly charged to current operations but including Acquisitions) in the ordinary course of business to date during the applicable period ending on the date hereof1	 	$                            
				
		 	(b)	 	Sum of Capital Expenditures included in (a) above made while Liquidity was equal to or greater than $[50,000,000] both before and after giving effect to such Capital Expenditures	 	$                            
			
		 	Maximum permitted Capital Expenditures under Section 6.15 of the Credit Agreement:	 	
			
		 	If (a) is greater than (b):	 	$                            2
			
		 	If (a) is not greater than (b):	 	Limit not exceeded
			
		 	Compliance	 	Yes        No

	1	(1) For the fiscal quarter ending December 31, 2006, Capital Expenditures made during the fiscal quarter then ended. (2) For the fiscal quarter ending March 31,
2007, Capital Expenditures made during the two fiscal quarters then ended. (3) For the fiscal quarter ending June 30, 2007, Capital Expenditures made during the three fiscal quarters then ended. (4) For the fiscal quarter ending September 30, 2007
and each fiscal quarter ending thereafter, Capital Expenditures made during the four fiscal quarters then ended. 

	2	(1) For the fiscal quarter ending December 31, 2006, equal to Consolidated EBITDA for the fiscal quarter ending December 31, 2006. (2) For the fiscal quarter ending
March 31, 2007, equal to the sum of Consolidated EBITDA for the fiscal quarters ending December 31, 2006 and March 31, 2007 divided by 1.5. (3) For the fiscal quarter ending June 30, 2007, equal to the sum of Consolidated EBITDA for the fiscal
quarters ending December 31, 2006, March 31, 2007 and June 30, 2007 divided by 1.5. (4) For the fiscal quarter ending September 30, 2007 and each fiscal quarter ending thereafter, equal to the sum of Consolidated EBITDA for the four fiscal quarters
then ending divided by 1.5. 

  

 Exhibit C – Page 2 

							
	 2.
	  	Section 6.16 – Minimum Fixed Charge Coverage Ratio	  	
			
		  	 (a)    Consolidated EBITDA for the applicable period ending on the date hereof3
	  	$                            
			
		  	 (b)    Fixed Charges for the applicable period ending on the date hereof4
	  	$                            
			
		  	 Fixed Charge Coverage Ratio = (a) divided by (b)
	  	
			
		  	 Minimum Fixed Charge Coverage Ratio permitted under Section 6.16 of Credit Agreement:
	  	
			
		  	 For the fiscal quarter ending December 31, 2006:
	  	2.00 to 1.00
			
		  	 For the fiscal quarter ending March 31, 2007:
	  	2.00 to 1.00
			
		  	 For the fiscal quarter ending June 30, 2007:
	  	2.25 to 1.00
			
		  	 For the fiscal quarter ending September 30, 2007 and each fiscal quarter ending thereafter:
	  	3.00 to 1.00
			
		  	 Compliance
	  	Yes        No

  

	3	(1) As of the last day of the fiscal quarter ending December 31, 2006, Consolidated EBITDA for the fiscal quarter then ended; (2) as of the last day of the fiscal
quarter ending March 31, 2007, Consolidated EBITDA for the two fiscal quarters then ended; (3) as of the last day of the fiscal quarter ending June 30, 2007, Consolidated EBITDA for the three fiscal quarters then ended;and (4) as of the last day of
each fiscal quarter ending on or after September 30, 2007, Consolidated EBITDA for the four fiscal quarters then ended. 

	4	(1) As of the last day of the fiscal quarter ending December 31, 2006, Fixed Charges for the fiscal quarter then ended; (2) as of the last day of the fiscal quarter
ending March 31, 2007, Fixed Charges for the two fiscal quarters then ended; (3) as of the last day of the fiscal quarter ending June 30, 2007, Fixed Charges for the three fiscal quarters then ended;and (4) as of the last day of each fiscal quarter
ending on or after September 30, 2007, Fixed Charges for the four fiscal quarters then ended. 

  

 Exhibit C – Page 3 

					
	 3.
	  	Section 6.17 – Maximum Senior Leverage Ratio.	  	
			
		  	 (a)    Consolidated Senior Debt as of the date hereof
	  	$                            
			
		  	 (b)    Consolidated EBITDA for the applicable period ending on the date hereof5
	  	$                            
			
		  	 Senior Leverage Ratio = (a) divided by (b)
	  	
			
		  	 Maximum Senior Leverage Ratio permitted under Section 6.17 of Credit Agreement:
	  	
			
		  	 For the fiscal quarter ending December 31, 2006:
	  	3.00 to 1.00
			
		  	 For the fiscal quarter ending March 31, 2007:
	  	2.00 to 1.00
			
		  	 For the fiscal quarter ending June 30, 2007:
	  	1.50 to 1.00
			
		  	 For the fiscal quarter ending September 30, 2007 and each fiscal quarter ending thereafter:
	  	1.00 to 1.00
			
		  	Compliance	  	Yes         No

	5	(1) As of the last day of the fiscal quarter ending December 31, 2006, Consolidated EBITDA for the fiscal quarter then ended; (2) as of the last day of the fiscal
quarter ending March 31, 2007, Consolidated EBITDA for the two fiscal quarters then ended; (3) as of the last day of the fiscal quarter ending June 30, 2007, Consolidated EBITDA for the three fiscal quarters then ended;and (4) as of the last day of
each fiscal quarter ending on or after September 30, 2007, Consolidated EBITDA for the four fiscal quarters then ended. 

  

 Exhibit C – Page 4 

					
	 4.
	  	Section 6.18 – Minimum Tangible Net Worth	  	
			
		  	 (a)    Shareholders’ Equity of the Parent and its Subsidiaries as of the date hereof
	  	$                            
			
		  	 (b)    Intangible Assets of the Parent and its Subsidiaries as of the date hereof
	  	$                            
			
		  	 (c)    net income from the Nigerian Operations (or any gain from the sale of the Nigerian Operations and/or
assets)
	  	$                            
			
		  	 (d)    net loss from the Nigerian Operations (or any loss from the sale of the Nigerian Operations and/or
assets)
	  	$                            
			
		  	 Tangible Net Worth = (a) - (b) – (c) + (d)
	  	$                            
			
		  	 (x)    $80,000,000
	  	$80,000,000
			
		  	 (y)    50% of Consolidated Net Income6 earned in each fiscal quarter ending after December 31, 2006 (with no deduction for a net loss in any such fiscal quarter)
	  	

$                            
			
		  	 (x)    75% of the Equity Issuance Proceeds from any Equity Issuance on or after the Closing Date
	  	$                            
			
		  	 Minimum Tangible Net Worth permitted under Section 6.18 of the Credit Agreement = (x) + (y) +(z)
	  	$                            
			
		  	 Compliance
	  	Yes        No

	6	Net income and any gain from the sale of the Nigerian Operations and/or Nigerian assets shall be deducted in determining such Consolidated Net Income and any net
loss and any loss from the sale of the Nigerian Operations and/or Nigerian assets shall be added in determining such Consolidated Net Income. 

  

 Exhibit C – Page 5 

 IN WITNESS WHEREOF, I have hereto signed my name to this Compliance Certificate as of
            ,             . 
  

			
	WILLBROS GROUP, INC.
		
	By:	 	  

	Name:	 	  

	Title:	 	  

  

 Exhibit C – Page 6 

 EXHIBIT D 
 FORM OF LETTER OF CREDIT REQUEST 
                     ,              
 Calyon New York Branch, 
 as Issuing Bank 
 1301 Avenue of the Americas 
 New York, New York 10019 
 Attention:                      
 Ladies and Gentlemen: 
 The undersigned,
Willbros USA, Inc., a Delaware corporation (the “Borrower”), refers to the Credit Agreement dated as of October 27, 2006 (as the same may be amended, restated or otherwise modified from time-to-time, the “Credit
Agreement”; the defined terms of which are used in this Letter of Credit Request unless otherwise defined in this Letter of Credit Request) among the Borrower, Willbros Group, Inc., a Panamanian corporation, and certain subsidiaries and
affiliates thereof, as guarantors, the lenders from time to time party thereto (the “Participants”), and Calyon New York Branch, as administrative agent for the Participants (in such capacity, the “Administrative
Agent”), collateral agent, issuing bank and deposit bank, and hereby gives you (the “Issuing Bank”) irrevocable notice pursuant to Section 2.01 of the Credit Agreement that: 
 [The Borrower hereby requests that the Issuing Bank issue a Letter of Credit, substantially in the form of Form 1 attached hereto, as follows: 
  

					
	Stated Amount:	 		  	$                                   
	Account Party:	 		  	 ___________________

	Beneficiary Name:	 		  	 ___________________

	And Address:	 		  	 ___________________

		 		  	 ___________________

			
	Beneficiary Primary Contact:	 		  	 ___________________

	Phone Number:	 		  	 ___________________

	Expiry Date:	 		  	                                    
 ]

 [The Borrower hereby requests that the Issuing Bank increase the Stated Amount of an existing Letter of Credit as
follows: 
  

					
	 Existing Letter of Credit No.
	 		  	___________________
	 Existing Stated Amount:
	 		  	$                                   
	 Account Party:
	 		  	___________________
	 Beneficiary Name:
	 		  	___________________

  

 Exhibit D – Page 1 

					
	And Address:	 		  	 ________________

			
	Beneficiary Primary Contact:	 		  	 ________________

	Phone Number:	 		  	 ________________

	Expiry Date:	 		  	 ________________

	New Stated Amount:	 		  	 $                                ]

 [The Borrower hereby requests that the Issuing Bank extend the expiry date of an
existing Letter of Credit as follows: 
  

					
	Existing Letter of Credit No.	 		  	 ________________

	Stated Amount:	 		  	$                               
	Account Party:	 		  	 ________________

	Beneficiary Name:	 		  	 ________________

	And Address:	 		  	 ________________

		 		  	 ________________

	Beneficiary Primary Contact:	 		  	 ________________

	Phone Number:	 		  	 ________________

	Existing Expiry Date:	 		  	 ________________

	New Expiry Date:	 		  	                                    
 ]

 The Borrower hereby certifies that the following statements are true on the date hereof, and will be true on the
date of the [issuance][extension][increase] of the Letter of Credit requested herein: 
  

	 	(i)	the representations and warranties of the Loan Parties contained in Article IV of the Credit Agreement and in each of the other Loan Documents are correct on and as of the date of
[issuance][extension][increase] of the Letter of Credit requested herein, before and after giving effect to such [issuance][extension][increase], as though made on the date of such [issuance][extension][increase]; and 

  

	 	(ii)	no Default or Event of Default has occurred and is continuing or would result from such [issuance][extension][increase]. 

  

			
	Very truly yours,
	
	WILLBROS USA, INC.
		
	By:	 	  

	Name:	 	  

	Title:	 	  

  

 Exhibit D – Page 2 

 EXHIBIT E 
 FORM OF NOTE 
  

			
	 $                    
	 	                         ,
20  

 For value received, the undersigned WILLBROS USA, INC., a Delaware corporation (the
“Borrower”), hereby promises to pay to the order of
                                        
(“Payee”) the principal amount of
                                        
         and No/100 Dollars ($                    ) or, if less, the aggregate outstanding
principal amount of the Advances (as defined in the Credit Agreement referred to below) made by the Payee to the Borrower, together with interest on the unpaid principal amount of the Advances from the date of such Advances until such principal
amount is paid in full, at such interest rates, and at such times, as are specified in the Credit Agreement (as defined below). The Borrower may make prepayments on this Note in accordance with the terms of the Credit Agreement. 
 This Note is one of the notes referred to in, and is entitled to the benefits of, and is subject to the terms of, the Credit Agreement dated as of
October 27, 2006 (as the same may be amended or modified from time to time, the “Credit Agreement”), among the Borrower, Willbros Group, Inc., a Panamanian corporation, and certain subsidiaries and affiliates thereof, as guarantors,
the lenders from time to time party thereto (the “Participants”), and Calyon New York Branch, as administrative agent for the Participants (in such capacity, the “Administrative Agent”), collateral agent, issuing bank and deposit
bank. Capitalized terms used in this Note that are defined in the Credit Agreement and not otherwise defined in this Note have the meanings assigned to such terms in the Credit Agreement. The Credit Agreement, among other things, (a) provides
for the making of the Advances by the Payee to the Borrower in an aggregate amount not to exceed at any time outstanding the Dollar amount first above mentioned, the indebtedness of the Borrower resulting from each such Advance being evidenced by
this Note, and (b) contains provisions for acceleration of the maturity of this Note upon the happening of certain events stated in the Credit Agreement and for prepayments of principal prior to the maturity of this Note upon the terms and
conditions specified in the Credit Agreement. 
 Both principal and interest are payable in lawful money of the United States of America to
the Administrative Agent at the location or address specified by the Administrative Agent to the Borrower in same day funds. The Payee shall record payments of principal made under this Note, but no failure of the Payee to make such recordings shall
affect the Borrower’s repayment obligations under this Note. 
 This Note is secured by the Security Documents and guaranteed pursuant
to the terms of Article VIII of the Credit Agreement. 

 Except as specifically provided in the Credit Agreement, the Borrower hereby waives presentment, demand,
protest, notice of intent to accelerate, notice of acceleration, and any other notice of any kind. No failure to exercise, and no delay in exercising, any rights hereunder on the part of the holder of this Note shall operate as a waiver of such
rights. 
 THIS NOTE SHALL BE GOVERNED BY, AND CONSTRUED AND ENFORCED IN ACCORDANCE WITH, THE LAWS OF THE STATE OF NEW YORK.

  

			
	WILLBROS USA, INC.
		
	By:	 	  

	Name:	 	  

	Title:	 	  

  

 Signature Page to Note 

 EXHIBIT F 
 NOTICE OF BORROWING 
 [Date] 
 Calyon New York Branch, 
 as Administrative Agent 
 1301 Avenue of the Americas 
 New York, New York 10019 
 Attention:                              
 Ladies and Gentlemen: 
 The undersigned,
Willbros USA, Inc., a Delaware corporation (the “Borrower”), is party to the Credit Agreement dated as of October 27, 2006 (as the same may be amended or modified from time-to-time, the “Credit Agreement”; the
defined terms of which are used in this Notice of Borrowing unless otherwise defined in this Notice of Borrowing) among the Borrower, Willbros Group, Inc., a Panamanian corporation, and certain subsidiaries and affiliates thereof, as guarantors, the
lenders from time to time party thereto (the “Participants”), and Calyon New York Branch, as administrative agent for the Participants (in such capacity, the “Administrative Agent”), collateral agent, issuing bank
and deposit bank. The undersigned gives you irrevocable notice pursuant to Section 2.03(a)(ii) of the Credit Agreement that the undersigned hereby requests a Borrowing, and in connection with that request sets forth below the information
relating to such Borrowing (the “Proposed Borrowing”) as required by Section 2.03(a)(ii) of the Credit Agreement: 
  

	 	(a)	The Business Day of the Proposed Borrowing is                     ,
            . 

  

	 	(b)	The Proposed Borrowing is a [Base Rate Advance][Eurodollar Advance]. 

  

	 	(c)	The aggregate amount of the Proposed Borrowing is $                    .

  

	 	(d)	[The Interest Period for each Eurodollar Advance made as part of the Proposed Borrowing is              month[s].]

 The Borrower hereby certifies that the following statements are true on the date hereof, and will be true on the date of the Proposed
Borrowing: 
  

	 	(i)	the representations and warranties of the Loan Parties contained in Article IV of the Credit Agreement and each of the other Loan Documents are correct on and as of the date of the
Proposed Borrowing, before and after giving effect to such Proposed Borrowing and to the application of the proceeds therefrom, as though made on the date of the Proposed Borrowing; and 

  

 Exhibit F – Page 1 

	 	(ii)	no Default or Event of Default has occurred and is continuing, or would result from such Proposed Borrowing or from the application of the proceeds therefrom.

  

			
	Very truly yours,
	
	WILLBROS USA, INC.
		
	By:	 	  

	Name:	 	  

	Title:	 	  

  

 Exhibit F – Page 2 

 EXHIBIT G 
 NOTICE OF CONVERSION OR CONTINUATION 
 [Date] 
 Calyon New York Branch, 
 as Administrative Agent 
 1301 Avenue of the Americas 
 New York, New York 10019 
 Attention:                              
 Ladies and Gentlemen: 
 The undersigned,
Willbros USA, Inc., a Delaware corporation (the “Borrower”), is a party to the Credit Agreement dated as of October 27, 2006 (as the same may be amended, modified, or supplemented from time-to-time, the “Credit
Agreement”; the defined terms of which are used in this Notice of Conversion or Continuation unless otherwise defined in this Notice of Conversion or Continuation) among the Borrower, Willbros Group, Inc., a Panamanian corporation, and
certain subsidiaries and affiliates thereof, as guarantors, the lenders from time to time party thereto (the “Participants”), and Calyon New York Branch, as administrative agent for the Participants (in such capacity, the
“Administrative Agent”), collateral agent, issuing bank and deposit bank. The undersigned hereby gives you irrevocable notice pursuant to Section 2.03(d) of the Credit Agreement that the undersigned hereby requests a
[Conversion] [Continuation] of outstanding Advances, and in connection with that request sets forth below the information relating to such [Conversion] [Continuation] (the “Proposed Borrowing”) as required by Section 2.03(d) of
the Credit Agreement: 
 (a) The Business Day of the Proposed Borrowing is
                    ,             . 
 (b) The aggregate amount of the existing Advance to be [Converted][Continued] is
$                     and is a [Base Rate][Eurodollar] [Revolving][LC] Advance (the “Existing Advance”). 
 (c) The Proposed Borrowing consists of [a Conversion of the Existing Advance to a [Base Rate][Eurodollar] [Revolving][LC] Advance] [a Continuation of the
Existing Advance]. 
 [(d) The Interest Period for the Proposed Borrowing is [     month[s].]1 
  

	1	If the requested Continuation or Conversion is a Eurodollar Advance. 

  

 Exhibit G – Page 1 

 The Borrower hereby certifies that the following statements are true on the date hereof, and will be true on the date of
the Proposed Borrowing: 
 (i) the representations and warranties of the Loan Parties contained in the Credit Agreement, and
each of the other Loan Documents are correct on and as of the requested funding date of this Proposed Borrowing, before and after giving effect to such Proposed Borrowing and to the application of the proceeds from such Proposed Borrowing, as though
made on and as of such date; 
 (ii) no Default or Event of Default has occurred and is continuing or would result from such
Proposed Borrowing or from the application of the proceeds therefrom; and 
 (iii) after giving effect to such Proposed
Borrowing, there will be no more than four Interest Periods applicable to outstanding Eurodollar Advances. 
  

			
	Very truly yours,
	
	WILLBROS USA, INC.
		
	By:	 	  

	Name:	 	  

	Title:	 	  

  

 Exhibit G – Page 2 

 EXHIBIT H 
 FORM OF PLEDGE AGREEMENT 
 This Pledge Agreement dated as of October 27, 2006 (this
“Pledge Agreement”) is among Willbros USA, Inc., a Delaware corporation (the “Borrower”), Willbros Group, Inc., a Panamanian corporation, and certain Subsidiaries and Affiliates thereof party hereto (each such
Subsidiary and Affiliate, a “Guarantor” and collectively, the “Guarantors”, and together with the Borrower, each a “Pledgor” and collectively, the “Pledgors”), and Calyon New York
Branch, as collateral agent (in such capacity, the “Collateral Agent”) for the Secured Parties (as defined in the Credit Agreement referred to below). 
 INTRODUCTION 
 WHEREAS, the Borrower, the Guarantors, the lenders from time to time party thereto
(the “Participants”) and Calyon New York Branch, as Administrative Agent, Collateral Agent, Issuing Bank and Deposit Bank, have entered into that certain Credit Agreement dated as of October 27, 2006 (as amended, restated
or otherwise modified from time-to-time, the “Credit Agreement”); 
 WHEREAS, each Guarantor has guaranteed the Obligations
of the Borrower and the other Guarantors under the Credit Agreement pursuant to Article VIII thereof; 
 WHEREAS, the Participants
have conditioned their obligations under the Credit Agreement upon the execution and delivery by each Pledgor of this Pledge Agreement, and the Pledgors have agreed to enter into this Pledge Agreement; 
 NOW, THEREFORE, in order to comply with the terms and conditions of the Credit Agreement and for other good and valuable consideration, the receipt and
sufficiency of which are hereby acknowledged, each Pledgor hereby agrees with the Collateral Agent for its benefit and the benefit of the Secured Parties as follows: 
 Section 1. Definitions. 
 (a) All capitalized terms used herein but not otherwise defined herein
that are defined in the Credit Agreement shall have the meaning assigned to such terms in the Credit Agreement. Any terms defined in Articles 8 or 9 of the Uniform Commercial Code as in effect in the State of New York as of the date hereof
(“UCC”) and not otherwise defined herein shall have the meanings assigned to such terms in the UCC. 
 (b) All meanings to
defined terms, unless otherwise indicated, are to be equally applicable to both the singular and plural forms of the terms defined. Article, Section, Schedule, and Exhibit references are to Articles and Sections of, and Schedules and Exhibits to,
this Pledge Agreement, unless otherwise specified. All references to instruments, documents, contracts, and agreements are references to such instruments, documents, contracts, and agreements as the same may be amended, supplemented, and otherwise
modified from time to time, unless otherwise specified. The words “hereof”, “herein” and “hereunder” and words of similar import when used in this Pledge Agreement shall refer to this Pledge Agreement as a whole and not
to any 

 particular provision of this Pledge Agreement. As used herein, the term “including” means “including,
without limitation,”. Paragraph headings have been inserted in this Pledge Agreement as a matter of convenience for reference only and it is agreed that such paragraph headings are not a part of this Pledge Agreement and shall not be used in
the interpretation of any provision of this Pledge Agreement. 
 Section 2. Pledge. 
 (a) Grant of Pledge. Each Pledgor hereby pledges and charges to the Collateral Agent, and grants to the Collateral Agent, for its
benefit and the benefit of the Secured Parties, a continuing lien on and security interest in the Pledged Collateral, as defined in Section 2(b) below. This Pledge Agreement shall secure all Obligations of the Pledgors now or hereafter existing
under the Credit Agreement and the other Loan Documents to which any Pledgor is a party, including any extensions, modification, substitutions, amendments, and renewals thereof, whether for principal, interest, fees, expenses, indemnifications or
otherwise, in each case including the payment of amounts which would become due but for the operation of the automatic stay under Section 362(a) of the United States Bankruptcy Code, 11 U.S.C. §§ 101
et seq., as amended. All such obligations shall be referred to in this Pledge Agreement as the “Secured Obligations”. 
 (b) Pledged Collateral. “Pledged Collateral” shall mean all of each Pledgor’s right, title, and interest in the following, whether now owned or hereafter acquired by such Pledgor:

 (i) all of the membership interests listed in the attached Schedule I issued to such Pledgor (the
“Membership Interests”), all such additional membership interests of any issuer of such interests hereafter acquired by such Pledgor, the certificates (if any) representing the Membership Interests and all such additional membership
interests, all of Pledgor’s rights, privileges, authority, and powers as a member of the issuer of such Membership Interests under the applicable limited liability company operating agreement or similar constitutive document of such issuer or
under any applicable Legal Requirement, and all rights to money or Property which Pledgor now has or hereafter acquires in respect of the Membership Interests, including, without limitation, (A) any Proceeds from a sale by or on behalf of
Pledgor of any of the Membership Interests, and (B) any distributions, dividends, cash, instruments and other Property from time to time received or otherwise distributed in respect of the Membership Interests, whether regular, special or made
in connection with the partial or total liquidation of the issuer and whether attributable to profits, the return of any contribution or investment or otherwise attributable to the Membership Interests or the ownership thereof other than
distributions received by Pledgor in compliance with the Loan Documents (collectively, the “Membership Interests distributions”); 
 (ii) all of the general and limited partnership interests listed in the attached Schedule I issued to Pledgor (the “Partnership Interests”), all such additional limited or general partnership
interests of any issuer of such 
  

 Exhibit H – Page 2 

 Partnership Interests hereafter acquired by Pledgor, the certificates (if any) representing the
Partnership Interests and all such additional partnership interests, all of Pledgor’s rights, privileges, authority, and powers as a limited or general partner of the issuer of such Partnership Interests under the applicable partnership
agreement or limited partnership agreement or similar constitutive document of such issuer or under any applicable Legal Requirement, and all rights to money or Property which Pledgor now has or hereafter acquires in respect of the Partnership
Interests, including, without limitation, (A) any Proceeds from a sale by or on behalf of Pledgor of any of the Partnership Interests, and (B) any distributions, dividends, cash, instruments and other Property from time to time received or
otherwise distributed in respect of the Partnership Interests, whether regular, special or made in connection with the partial or total liquidation of the issuer and whether attributable to profits, the return of any contribution or investment or
otherwise attributable to the Partnership Interests or the ownership thereof other than distributions received by Pledgor in compliance with the Loan Documents (collectively, the “Partnership Interest distributions”); 
 (iii) all of the shares or shares of stock listed in the attached Schedule I issued to Pledgor (the “Pledged
Shares”), all such additional shares or shares of stock of any issuer of such Pledged Shares hereafter issued to Pledgor, the certificates representing the Pledged Shares and all such additional shares, all of Pledgor’s rights,
privileges, authority, and powers as a shareholder of the issuer of such Pledged Shares under the applicable articles of incorporation, certificate of incorporation, bylaws or similar constitutive document of such issuer or under any applicable
Legal Requirements, and all rights to money or Property which Pledgor now has or hereafter acquires in respect of the Pledged Shares, including, without limitation, (A) any Proceeds from a sale by or on behalf of Pledgor of any of the Pledged
Shares, and (B) any distributions, dividends, cash, instruments and other Property from time to time received or otherwise distributed in respect of the Pledged Shares, whether regular, special or made in connection with the partial or total
liquidation of the issuer and whether attributable to profits, the return of any contribution or investment or otherwise attributable to the Pledged Shares or the ownership thereof other than distributions received by Pledgor in compliance with the
Loan Documents (collectively, the “Pledged Shares distributions”); 
 (iv) all of the equity interests in
joint venture companies listed in the attached Schedule I issued to such Pledgor (the “JV Interests”), all such additional equity interests of any issuer of such JV Interests hereafter issued to such Pledgor, the certificates
representing the JV Interests and all such additional equity interests, all of such Pledgor’s rights, privileges, authority, and powers as an equity interest holder of such joint venture company under the applicable constitutive documents of
such joint venture company or under any applicable Legal Requirement, and all rights to money or Property which such Pledgor now has or hereafter acquires in respect of the JV Interests, including, without limitation, (A) any Proceeds from a
sale by or on behalf of such Pledgor of any of the JV Interests, and (B) any distributions, dividends, cash, instruments and other Property from time to time received or otherwise distributed in respect of the JV 
  

 Exhibit H – Page 3 

 Interests, whether regular, special or made in connection with the partial or total liquidation of the
issuer and whether attributable to profits, the return of any contribution or investments or otherwise attributable to the JV Interests or the ownership thereof other than distributions received by such Pledgor in compliance with the Loan Documents
(collectively the “JV Interest distributions); 
 (v) all indebtedness listed in the attached Schedule I, owing to
such Pledgor from an Affiliate or Subsidiary of such Pledgor (collectively, the “Pledged Debt”), all such additional indebtedness hereinafter owing to such Pledgor from an Affiliate or Subsidiary of the Pledgor, any and all
instruments evidencing such indebtedness, including promissory notes, bonds, debentures and other debt securities, and all interest, cash, instruments and other Property from time to time received, receivable or otherwise distributed in respect of,
or in exchange for, any or all of the foregoing (collectively, the “Pledged Debt distributions”; together with the Membership Interest distributions, the Partnership Interest distributions, the Pledged Shares distributions and the
JV Interest distributions, the “distributions”); and 
 (vi) all additions and accessions to, substitutions
and replacements of, and all products and proceeds from the Pledged Collateral described in paragraphs (i), (ii), (iii), (iv) and (v) of this Section 2(b). 
 (c) Delivery of Pledged Collateral. All certificates or instruments, if any, representing the Pledged Collateral shall be delivered
to the Collateral Agent and shall be in suitable form for transfer by delivery, or shall be accompanied by duly executed instruments of transfer or assignment in blank, all in form and substance reasonably satisfactory to the Collateral Agent. After
the occurrence and during the continuance of an Event of Default, the Collateral Agent shall have the right, upon prior written notice to the Borrower, to transfer to or to register in the name of the Collateral Agent or any of its nominees any of
the Pledged Collateral, subject to the rights specified in Section 2(d). In addition, after the occurrence and during the continuance of an Event of Default, the Collateral Agent shall have the right at any time to exchange the certificates or
instruments representing the Pledged Collateral for certificates or instruments of smaller or larger denominations. 
 (d)
Rights Retained by Pledgor. Notwithstanding the pledge in Section 2(a), so long as no Event of Default shall have occurred and remain uncured: 
 (i) or, if an Event of Default shall have occurred and remain uncured, until such time thereafter as such voting and other consensual rights have been terminated pursuant to Section 5 hereof, each Pledgor shall
be entitled to exercise any voting and other consensual rights pertaining to the Pledged Collateral for any purpose not inconsistent with the terms of this Pledge Agreement or the Credit Agreement; provided, however, that such Pledgor shall not
exercise or shall refrain from exercising any such right if such action would have a materially adverse effect on the value of the Pledged Collateral; 
  

 Exhibit H – Page 4 

 (ii) except as otherwise provided in the Credit Agreement, each Pledgor shall be entitled
to receive and retain any dividends and other distributions paid on or in respect of the Pledged Collateral and the Proceeds of any sale of the Pledged Collateral and all payments of principal and interest on loans and advances made by such Pledgor
to the issuer of the Pledged Collateral; and 
 (iii) at and after such time as voting and other consensual rights have been
terminated pursuant to Section 5 hereof, each Pledgor shall execute and deliver (or cause to be executed and delivered) to the Collateral Agent all proxies and other instruments as the Collateral Agent may reasonably request to (A) enable
the Collateral Agent to exercise the voting and other rights which such Pledgor is entitled to exercise pursuant to subsection (i) of this Section 2(d), and (B) to receive the dividends or other distributions and Proceeds of sale of
the Pledged Collateral and payments of principal and interest which such Pledgor is authorized to receive and retain pursuant to paragraph (ii) of this Section 2(d). 
 Section 3. Pledgor’s Representations and Warranties. Each Pledgor represents and warrants to the Collateral Agent and the Secured
Parties, insofar as the same relate to such Pledgor’s assets, actions, statements and business, as follows: 
 (a) The
Pledged Collateral listed on the attached Schedule I has been duly authorized and validly issued and is fully paid and nonassessable. 
 (b) Each Pledgor is the legal and beneficial owner of the Pledged Collateral indicated on Schedule I, free and clear of any Lien or option except for (i) the security interest created by this Pledge Agreement and
(ii) other Excepted Liens. 
 (c) No authorization, authentication, approval, or other action by, and no notice to or
filing with, any Governmental Authority or regulatory body is required either (i) for the pledge by such Pledgor of the Pledged Collateral pursuant to this Pledge Agreement or for the execution, delivery, or performance of this Pledge Agreement
by such Pledgor (except to the extent that financing statements are required under the UCC to be filed in order to maintain a perfected security interest) or (ii) for the exercise by the Collateral Agent or any Secured Party of the voting or
other rights provided for in this Pledge Agreement or the remedies in respect of the Pledged Collateral pursuant to this Pledge Agreement (except as may be required in connection with such disposition by laws affecting the offering and sale of
securities generally). 
 (d) Such Pledgor has the full right, power and authority to deliver, pledge, assign and transfer the
Pledged Collateral to the Collateral Agent. 
 (e) The Membership Interests listed on Schedule I constitute 100% of the issued
and outstanding membership interests of each respective issuer thereof and all Membership Interests in which any Pledgor has any ownership interest. The Partnership Interests listed on the attached Schedule I constitute 100% of the issued and
outstanding partnership interests of the respective issuer thereof and all Partnership Interests in which 
  

 Exhibit H – Page 5 

 any Pledgor has any ownership interest. The Pledged Shares listed on the attached Schedule I constitute
100% of the issued and outstanding shares or shares of capital stock of the respective issuer thereof and all Pledged Shares in which Pledgor has any ownership interest. The JV Interests listed on Schedule I constitute 100% of the JV Interests in
which any Pledgor has any ownership interest. 
 (f) The name of each Pledgor set forth on the signature pages to this Pledge
Agreement is the exact legal name of such Pledgor. 
 Section 4. Pledgors’ Covenants. During the term of this Pledge
Agreement and until all of the Secured Obligations have been fully and finally paid and discharged in full, each Pledgor covenants and agrees with the Collateral Agent that: 
 (a) Protect Collateral. Each Pledgor will warrant and defend the rights and title herein granted unto the Collateral Agent in and
to the Pledged Collateral (and all right, title, and interest represented by the Pledged Collateral) against the claims and demands of all Persons whomsoever. 
 (b) Transfer, Other Liens, and Additional Shares. Each Pledgor will not (i) sell or otherwise dispose of, or grant any option
with respect to, any of the Pledged Collateral, except as permitted under the Credit Agreement or (ii) create or permit to exist any Lien upon or with respect to any of the Pledged Collateral, except for (A) the Liens and security interest
under any Loan Document and (B) other Excepted Liens. Each Pledgor further agrees that it will (1) cause each issuer of the Pledged Collateral not to issue any other membership interests, partnership interests, shares, capital stock, joint
venture interests or other securities in addition to or in substitution for the Pledged Collateral issued by such issuer, except to Pledgor and (2) pledge hereunder, immediately upon its acquisition (directly or indirectly) thereof, any
additional membership interests, partnership interests, shares, capital stock, joint venture interests or other securities of an issuer of the Pledged Collateral. No Pledgor shall approve any amendment or modification of any of the Pledged
Collateral unless it shall have given at least ten Business Days’ prior written notice (or such lesser period as may be agreed by the Collateral Agent in writing) to the Collateral Agent and such amendment or modification would not be
materially adverse to the interests of the Secured Parties. 
 (c) Jurisdiction of Formation. No Pledgor shall amend,
supplement, modify or restate its articles or certificate of incorporation, bylaws, limited liability company agreements, or other equivalent constitutive documents if such amendment, supplement, modification or restatement would be materially
adverse to the interests of the Secured Parties. 
 (d) Further Assurances. Each Pledgor agrees that, at its sole cost
and expense, such Pledgor will promptly execute and deliver all further instruments and documents, and take all further action, that may be reasonably necessary and that the Collateral Agent or any Secured Party may reasonably request, in order to
perfect, maintain and protect any security interest granted or purported to be granted hereby or to enable the Collateral Agent or any Secured Party to exercise and enforce its rights and remedies hereunder with respect to any Pledged Collateral.

  

 Exhibit H – Page 6 

 Section 5. Remedies upon Default. If any Event of Default shall have occurred and be
continuing: 
 (a) UCC Remedies. To the extent permitted by law, the Collateral Agent may (and at the request of the
Majority Participants shall) exercise in respect of the Pledged Collateral, in addition to other rights and remedies provided for in this Pledge Agreement or otherwise available to it, all the rights and remedies of a secured party under the UCC
(whether or not the UCC applies to the affected Pledged Collateral). This Pledge Agreement shall not be construed to authorize the Collateral Agent to take any action prohibited by the UCC or to constitute a waiver by the Pledgor of any right that
the UCC does not permit the Pledgor to waive. 
 (b) Dividends and Other Rights. 
 (i) All rights of Pledgor to exercise the voting and other consensual rights which it would otherwise be entitled to exercise pursuant to
Section 2(d)(i) may be exercised by the Collateral Agent if the Collateral Agent so elects and gives written notice of such election to Pledgor and all rights of Pledgor to receive the dividends and other distributions on or in respect of the
Pledged Collateral and the proceeds of sale of the Pledged Collateral which it would otherwise be authorized to receive and retain pursuant to Section 2(d)(ii) shall cease at such time as such written notice is deemed effective pursuant to the
provisions of the Credit Agreement related to effectiveness of notices. 
 (ii) All dividends and other distributions on or in
respect of the Pledged Collateral and the proceeds of sale of the Pledged Collateral that are thereafter received by Pledgor shall be received in trust for the benefit of the Collateral Agent, shall be segregated from other funds of Pledgor, and
shall be promptly paid over to the Collateral Agent as Pledged Collateral in the same form as so received (with any necessary endorsement). 
 (c) Sale of Pledged Collateral. The Collateral Agent may sell all or part of the Pledged Collateral at public or private sale, at any of the Collateral Agent’s offices or elsewhere, for cash, on credit, or
for future delivery, and upon such other terms as the Collateral Agent may deem commercially reasonable in accordance with applicable laws. Each Pledgor agrees that to the extent permitted by law such sales may be made without notice. If notice is
required by law, each Pledgor hereby deems 10 days’ advance notice of the time and place of any public sale or the time after which any private sale is to be made reasonable notification, recognizing that if the Pledged Collateral threatens to
decline speedily in value or is of a type customarily sold on a recognized market shorter notice may be reasonable. The Collateral Agent shall not be obligated to make any sale of the Pledged Collateral regardless of notice of sale having been
given. The Collateral Agent may adjourn any public or private sale from time to time by announcement at the time and place fixed therefor, and such sale may, without further notice, be made at the 
  

 Exhibit H – Page 7 

 time and place to which it was so adjourned. Each Pledgor shall cooperate fully with the Collateral Agent
in all respects in selling or realizing upon all or any part of the Pledged Collateral. In addition, each Pledgor shall fully comply with federal and state securities laws and take such actions as may be necessary to permit the Collateral Agent to
sell or otherwise dispose of any securities representing the Pledged Collateral in compliance with such laws. 
 (d) Exempt
Sale. If, in the opinion of the Collateral Agent, there is any question that a public or semipublic sale or distribution of any Pledged Collateral will violate any state or federal securities law, the Collateral Agent in its discretion
(i) may offer and sell securities privately to purchasers who will agree to take them for investment purposes and not with a view to distribution and who will agree to the imposition of restrictive legends on any certificates representing the
security, or (ii) may sell such securities in an intrastate offering under Section 3(a)(11) of the Securities Act of 1933, as amended, and no sale so made in good faith by the Collateral Agent shall be deemed to be not “commercially
reasonable” solely because so made. Each Pledgor shall cooperate fully with the Collateral Agent in all reasonable respects in selling or realizing upon all or any part of the Pledged Collateral. 
 (e) Application of Collateral. The proceeds of any sale, or other realization upon all or any part of the Collateral pledged by
each Pledgor shall be applied by the Collateral Agent as set forth in Section 7.06 of the Credit Agreement. 
 (f)
Cumulative Remedies. Each right, power and remedy herein specifically granted to the Collateral Agent or otherwise available to it shall be cumulative, and shall be in addition to every other right, power and remedy herein specifically given
or now or hereafter existing at law, in equity, or otherwise, and each such right, power and remedy, whether specifically granted herein or otherwise existing, may be exercised at any time and from time to time as often and in such order as may be
deemed expedient by the Collateral Agent in its sole discretion. No failure on the part of the Collateral Agent to exercise, and no delay in exercising, and no course of dealing with respect to, any such right, power or remedy, shall operate as a
waiver thereof, nor shall any single or partial exercise of any such rights, power or remedy preclude any other or further exercise thereof or the exercise of any other right. 
 Section 6. Collateral Agent as Attorney-in-Fact for Pledgors. 
 (a) Collateral Agent Appointed Attorney-in-Fact. Each Pledgor hereby irrevocably appoints the Collateral Agent as such
Pledgor’s attorney-in-fact, with full authority after the occurrence and during the continuance of an Event of Default to act for such Pledgor and in the name of such Pledgor, and, in the Collateral Agent’s discretion, subject to such
Pledgor’s revocable rights specified in Section 2(d), to take any action and to execute any instrument which the Collateral Agent may deem necessary or advisable to accomplish the purposes of this Pledge Agreement, including, without
limitation, to receive, indorse, and collect all instruments made payable to the Pledgor representing the proceeds of the sale of the Pledged Collateral, or any distribution in respect of the Pledged Collateral and to give full discharge for the
same. EACH 
  

 Exhibit H – Page 8 

 PLEDGOR HEREBY ACKNOWLEDGES, CONSENTS AND AGREES THAT THE POWER OF ATTORNEY GRANTED PURSUANT TO THIS
SECTION IS IRREVOCABLE AND COUPLED WITH AN INTEREST. 
 (b) Collateral Agent May Perform. The Collateral Agent may from
time to time, at its option and expense, perform any act which any Pledgor agrees hereunder to perform and which such Pledgor shall fail to perform after being requested in writing so to perform (it being understood that no such request need be
given after the occurrence and during the continuance of any Event of Default and after notice thereof by the Collateral Agent to such Pledgor) and the Collateral Agent may from time to time take any other action which the Collateral Agent
reasonably deems necessary for the maintenance, preservation or protection of any of the Pledged Collateral or of its security interest therein. The Collateral Agent shall be obligated to provide notice to such Pledgor of any action taken hereunder
by telecopy or by registered mail. 
 (c) Collateral Agent Has No Duty. The powers conferred on the Collateral Agent
hereunder are solely to protect its interest in the Pledged Collateral and shall not impose any duty on it to exercise any such powers. Except for reasonable care of any Pledged Collateral in its possession and the accounting for moneys actually
received by it hereunder, the Collateral Agent shall have no duty as to any Pledged Collateral or responsibility for taking any necessary steps to preserve rights against prior parties or any other rights pertaining to any Pledged Collateral.

 (d) Reasonable Care. The Collateral Agent shall be deemed to have exercised reasonable care in the custody and
preservation of the Pledged Collateral in its possession if the Pledged Collateral is accorded treatment substantially equal to that which the Collateral Agent accords its own property, it being understood that the Collateral Agent shall have no
responsibility for (i) ascertaining or taking action with respect to calls, conversions, exchanges, maturities, tenders, or other matters relative to any Pledged Collateral, whether or not the Collateral Agent has or is deemed to have knowledge
of such matters, or (ii) taking any necessary steps to preserve rights against any parties with respect to any Pledged Collateral. 
 Section 7. Miscellaneous. 
 (a) Expenses. Each Pledgor will upon demand pay to the Collateral
Agent for its benefit and the benefit of the Secured Parties the amount of any reasonable out-of-pocket expenses, including the reasonable fees and disbursements of its counsel and of any experts, which the Collateral Agent and the Secured Parties
may incur in connection with (i) the custody, preservation, use, or operation of, or the sale, collection, or other realization of, any of the Pledged Collateral, (ii) the exercise or enforcement of any of the rights of the Collateral
Agent or any Secured Party hereunder, and (iii) the failure by any Pledgor to perform or observe any of the provisions hereof. 
 (b) Amendments, Etc. No amendment or waiver of any provision of this Pledge Agreement nor consent to any departure by any Pledgor herefrom shall be effective unless made in writing and authenticated by the Borrower, each Pledgor

  

 Exhibit H – Page 9 

 affected thereby and the Collateral Agent. In addition, no such amendment or waiver shall be effective
unless given or entered into with the necessary approvals of either the Majority Participants or all Participants as required under the terms of the Credit Agreement. Any such waiver or consent, whether by the Collateral Agent or the Collateral
Agent and the Participants shall be effective only in the specific instance and for the specific purpose for which given. 
 (c) Addresses for Notices. All notices and other communications provided for hereunder shall be in the manner and to the addresses set forth in the Credit Agreement. 
 (d) Continuing Security Interest; Transfer of Interest. This Pledge Agreement shall create a continuing security interest in the
Pledged Collateral and, unless expressly released by the Collateral Agent, shall (i) remain in full force and effect until the Secured Obligations (including all Letter of Credit Obligations) are fully satisfied, all Letters of Credit have
terminated or expired, all obligations of the Issuing Bank and the Participants in respect of Letters of Credit have terminated or expired and the Commitments have terminated or expired, (ii) be binding upon the Pledgors, the Collateral Agent,
the Secured Parties and their successors and assigns, and (iii) inure, together with the rights and remedies of the Collateral Agent hereunder, to the benefit of and be binding upon, the Collateral Agent, the Secured Parties and their
respective successors, transferees, and assigns. Upon the payment in full and termination of the Secured Obligations, the security interest granted hereby shall terminate and all rights to the Pledged Collateral shall revert to the Pledgors to the
extent such Pledged Collateral shall not have been sold or otherwise applied pursuant to the terms hereof. Without limiting the generality of the foregoing clause, when any Participant assigns or otherwise transfers any interest held by it under the
Credit Agreement or other Loan Document to any other Person pursuant to the terms of the Credit Agreement or other Loan Document, that other Person shall thereupon become vested with all the benefits held by such Participant under this Pledge
Agreement. Upon any such termination, the Collateral Agent will, at the Borrower’s expense, deliver all Pledged Collateral to the Borrower, execute and deliver to the Borrower such documents as the Borrower shall reasonably request and take any
other actions reasonably requested to evidence or effect such termination. 
 (e) Waivers. Each Pledgor hereby waives:

 (i) promptness, diligence, notice of acceptance, and any other notice with respect to any of the Secured Obligations and
this Pledge Agreement; 
 (ii) any requirement that the Collateral Agent or any Secured Party protect, secure, perfect, or
insure any Lien or any Property subject thereto or exhaust any right or take any action against any Pledgor or any other Person or any collateral; and 
 (iii) any duty on the part of the Collateral Agent to disclose to any Pledgor any matter, fact, or thing relating to the business, operation, or condition of such Pledgor and its respective assets now known or
hereafter known by such Person. 
  

 Exhibit H – Page 10 

 (f) Severability. Wherever possible each provision of this Pledge Agreement shall
be interpreted in such manner as to be effective and valid under applicable law, but if any provision of this Pledge Agreement shall be prohibited by or invalid under such law, such provision shall be ineffective to the extent of such prohibition or
invalidity, without invalidating the remainder of such provision or the remaining provisions of this Pledge Agreement. 
 (g)
Choice of Law. This Pledge Agreement shall be governed by and construed and enforced in accordance with the laws of the state of New York, except to the extent that the validity or perfection of the security interests hereunder, or remedies
hereunder, in respect of any particular Collateral are governed by the laws of a jurisdiction other than the state of New York. 
 (h) Counterparts. For the convenience of the parties, this Pledge Agreement may be executed in multiple counterparts, each of which for all purposes shall be deemed to be an original, and all such counterparts shall together
constitute but one and the same Pledge Agreement. 
 (i) Reinstatement. If, at any time after the Secured Obligations
(including all Letter of Credit Obligations) are fully satisfied, all Letters of Credit have terminated or expired, all obligations of the Issuing Bank and the Participants in respect of Letters of Credit have terminated or expired, the Commitments
have terminated or expired and the termination of the Collateral Agent’s security interest, any payments on the Secured Obligations previously made by any Pledgor or any other Person must be disgorged by the Collateral Agent for any reason
whatsoever, including, without limitation, the insolvency, bankruptcy or reorganization of such Pledgor or such Person, this Pledge Agreement and the Collateral Agent’s security interests herein shall be reinstated as to all disgorged payments
as though such payments had not been made, and such Pledgor shall sign and deliver to the Collateral Agent all documents, and shall do such other acts and things, as may be necessary to reinstate and perfect the Collateral Agent’s security
interest. 
 [Signature Page Follows] 
  

 Exhibit H – Page 11 

 The parties hereto have caused this Pledge Agreement to be duly executed as of the date first above
written. 
  

			
	PLEDGORS:
	
	WILLBROS USA, INC.
	WILLBROS GROUP, INC.
	WILLBROS ENGINEERS, INC.
	WILLBROS INTERNATIONAL, INC.
	WILLBROS WEST AFRICA, INC.
	WILLBROS MIDDLE EAST, INC.
	WG NIGERIA HOLDINGS LIMITED
		
	By:	 	  

		 	Gay Stanley Mayeux
		 	Authorized Representative

  

 Signature Page to Pledge Agreement 

			
	COLLATERAL AGENT:
	
	CALYON NEW YORK BRANCH, as Collateral Agent
		
	By:	 	  

	Name:	 	  

	Title:	 	  

		
	By:	 	  

	Name:	 	  

	Title:	 	  

  

 Signature Page to Pledge Agreement 

 By signing below, each of the following Subsidiaries and Affiliates of the Parent (the equity interests of which
constitute Pledged Collateral hereunder) confirms that an executed copy of this Pledge Agreement has been submitted to it and acknowledges the pledge of the Pledged Collateral pursuant to this Pledge Agreement. 
  

			
	 WILLBROS MARINE ASSETS, INC.

	 INTERNATIONAL PIPELINE EQUIPMENT, INC.

	 WILLBROS CONSTRUCTORS, INC.

	 WILLBROS ENERGY SERVICES COMPANY

	 WILLBROS MT. WEST, INC.

	 WILLBROS GOVERNMENT SERVICES, INC.

	 WILLBROS RPI, INC.

	 WILLBROS PROCESS ELECTRIC AND CONTROL, INC.

	 WILLBROS PROJECT SERVICES, INC.

	 WG NIGERIA EQUIPMENT LIMITED

	 WILLBROS (NIGERIA) LIMITED

	 WILLBROS (OFFSHORE) NIGERIA LIMITED

	 THE OMAN CONSTRUCTION COMPANY, LLC

		
	 By:
	 	  

		 	 Gay Stanley Mayeux

		 	 Authorized Representative

  

 Signature Page to Pledge Agreement 

 EXHIBIT I 
 FORM OF SECURITY AGREEMENT 
 This Security Agreement dated as of October 27, 2006
(“Security Agreement”), is by and among Willbros USA, Inc., a Delaware corporation (the “Borrower”), Willbros Group, Inc., a Panamanian corporation (the “Parent”), certain Subsidiaries and
Affiliates of the Parent party hereto (each such Subsidiary and Affiliate, together with the Parent and the Borrower, each a “Grantor” and collectively, the “Grantors”), and Calyon New York Branch, as collateral
agent (in such capacity, the “Collateral Agent”) for the Secured Parties (as defined in the Credit Agreement referred to below). 
 WITNESSETH: 
 WHEREAS, the Borrower, the Parent and certain Subsidiaries and Affiliates thereof party thereto (the
“Guarantors”), the lenders from time to time party thereto (the “Participants”) and Calyon New York Branch, as Administrative Agent, Collateral Agent, Issuing Bank and Deposit Bank, have entered into that certain
Credit Agreement dated as of October 27, 2006 (as amended, restated or otherwise modified from time-to-time, the “Credit Agreement”); 
 WHEREAS, each Guarantor has guaranteed the Obligations of the Borrower and the other Guarantors under the Credit Agreement pursuant to Article VIII thereof; and 
 WHEREAS, the Participants have conditioned their obligations under the Credit Agreement upon the execution and delivery by each Grantor of this Security
Agreement, and the Grantors have agreed to enter into this Security Agreement; 
 NOW, THEREFORE, in order to comply with the terms and
conditions of the Credit Agreement and for other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, each Grantor hereby agrees with the Collateral Agent for its benefit and the ratable benefit of the
Secured Parties as follows: 
 Section 1. Defined Terms. All capitalized terms used herein but not otherwise defined herein that
are defined in the Credit Agreement shall have the meaning assigned to such terms in the Credit Agreement. As used herein, the following terms shall have the following meanings: 
 “Account Debtor” shall mean any “account debtor,” as such term is defined in Section 9-102(a)(3) of the UCC. 

“Accounts” shall mean each “account,” as such term is defined in Section 9-102(a)(2) of the UCC, now owned or
hereafter acquired by any Grantor or in which any Grantor now has or hereafter acquires any rights; all accounts receivable (including credit card receivables), book debts, and other forms of obligations (other than forms of obligations evidenced by
Chattel Paper, Documents or Instruments) now owned or hereafter received or acquired by or belonging or owing to any Grantor (including, without limitation, under any trade names, styles or divisions thereof) whether or not arising out of goods sold
or leased or services rendered by any Grantor; all of each Grantor’s rights in, to and under all purchase orders or 

 receipts now owned or hereafter acquired by it for goods or services; all of each Grantor’s rights to any goods
represented by any of the foregoing (including, without limitation, unpaid seller’s rights of rescission, replevin, reclamation and stoppage in transit and rights to returned, reclaimed or repossessed goods); all moneys due or to become due to
any Grantor under all contracts for the sale of goods or the performance of services or both by any Grantor (whether or not yet earned by performance on the part of any Grantor or in connection with any other transaction), now in existence or
hereafter occurring, including, without limitation, the right to receive the proceeds of said purchase orders and contracts; and all collateral security and guarantees of any kind given by any Person with respect to any of the foregoing. 

“Chattel Paper” shall mean any “chattel paper,” as such term is defined in Section 9-102(a)(11) of the UCC, now owned
or hereafter acquired by any Grantor or in which any Grantor now has or hereafter acquires any rights and wherever located. 
 “Collateral” shall have the meaning assigned to such term in Section 2 of this Security Agreement. 
 “Commercial Tort Claim” shall mean any “commercial tort claim,” as such term is defined in Section 9-102(a)(13) of the UCC, now owned or hereafter acquired by any Grantor or in which any Grantor now has or
hereafter acquires any rights and wherever located. 
 “Contracts” shall mean all contracts, undertakings, or other
agreements (other than rights evidenced by Chattel Paper, Documents or Instruments) in or under which any Grantor may now or hereafter have any right, title or interest, including, without limitation, with respect to an Account, any agreement
relating to the terms of payment or the terms of performance thereof. 
 “Deposit Accounts” shall mean any “deposit
account,” as such term is defined in Section 9-102(a)(29) of the UCC, now owned or hereafter acquired by any Grantor or in which Grantor now has or hereafter acquires any rights and wherever located. 
 “Documents” shall mean any “document,” as such term is defined in Section 9-102(a)(30) of the UCC, now owned or hereafter
acquired by any Grantor or in which any Grantor now has or hereafter acquires any rights and wherever located. 
 “Electronic Chattel
Paper” shall mean any “electronic chattel paper,” as such term is defined in Section 9-102(a)(31) of the UCC, now owned or hereafter acquired by any Grantor or in which any Grantor now has or hereafter acquires any rights and
wherever located. 
 “Equipment” shall mean any “equipment,” as such term is defined in Section 9-102(a)(33)
of the UCC, now owned or hereafter acquired by any Grantor or in which any Grantor now has or hereafter acquires any rights and wherever located, and, in any event, shall include, without limitation, all machinery, equipment, molds, furnishings,
fixtures, motor vehicles and computers and other electronic data-processing and other office equipment now owned or hereafter acquired by any Grantor or in which any Grantor now has or hereafter acquires any rights and wherever located, and any and
all additions, substitutions and replacements of any of the foregoing, wherever located, together with all attachments, components, parts, equipment and accessories installed thereon or affixed thereto. 
  

 Exhibit I – Page 2 

 “Excluded Property” shall have the meaning assigned to such term in Section 2 of
this Security Agreement. 
 “General Intangibles” shall mean any “general intangibles,” as such term is defined in
Section 9-102(a)(42) of the UCC, now owned or hereafter acquired by any Grantor or in which any Grantor now has or hereafter acquires any rights, and, in any event, shall include, without limitation, all right, title and interest which any
Grantor may now or hereafter have in or under any Contract, causes of action, Payment Intangibles, franchises, tax refunds, tax refund claims, Internet domain names, customer lists, Trademarks, Patents, rights in intellectual property, Licenses,
permits, copyrights, trade secrets, proprietary or confidential information, inventions and discoveries (whether patented or patentable or not) and technical information, procedures, designs, knowledge, know-how, software, data bases, business
records data, skill, expertise, experience, processes, models, drawings, materials and records, goodwill, all claims under any guaranty, security interests or other security held by or granted to any Grantor to secure payment of the Accounts by an
Account Debtor obligated thereon, all rights of indemnification and all other intangible property of any kind and nature. 
 “Goods” shall mean any “goods,” as such term is defined in Section 9-102(a)(44) of the UCC, now owned or hereafter acquired by any Grantor or in which any Grantor now has or hereafter acquires any rights and
wherever located. 
 “Instruments” shall mean any “instrument,” as such term is defined in
Section 9-102(a)(47) of the UCC, now owned or hereafter acquired by any Grantor or in which any Grantor now has or hereafter acquires any rights and wherever located. 
 “Inventory” shall mean any “inventory,” as such term is defined in Section 9.102(a)(48) of the UCC, now owned or
hereafter acquired by any Grantor or in which any Grantor now has or hereafter acquires any rights and wherever located, and, in any event, shall include, without limitation, all inventory, merchandise, goods and other personal property, now owned
or hereafter acquired by any Grantor or in which any Grantor now has or hereafter acquires any rights and wherever located, which are held for sale or lease or are furnished or are to be furnished under a contract of service or which constitute raw
materials, work in process or materials used or consumed or to be used or consumed in any Grantor’s business, or the processing, packaging, delivery or shipping of the same, and all finished goods. 
 “Investment Property” shall mean any “investment property,” as such term is defined in Section 9-102(a)(49) of the UCC,
now owned or hereafter acquired by any Grantor or in which any Grantor now has or hereafter acquires any rights and wherever located. 
 “Letter-of-Credit Rights” shall mean any “letter-of-credit rights,” as such term is defined in Section 9-102(a)(51) of the UCC, now owned or hereafter acquired by any Grantor or in which any Grantor now has
or hereafter acquires any rights and wherever located. 
 “License” shall mean any Patent License, Trademark License or
other license as to which the Collateral Agent has been granted a security interest hereunder. 
 “Payment Intangible” shall
mean any “Payment intangible”, as such term is defined in Section 9-102(a)(61). 
  

 Exhibit I – Page 3 

 “Patent License” shall mean all of the following now owned or hereafter acquired by any
Grantor or in which any Grantor now has or hereafter acquires any rights: to the extent assignable by any Grantor, any written agreement granting any right to make, use, sell and/or practice any invention or discovery that is the subject matter of a
Patent. 
 “Patent” or “Patents” shall mean one or all of the following now or hereafter owned by any
Grantor or in which any Grantor now has or hereafter acquires any rights: (i) all letters patent of the United States or any other country and all applications for letters patent of the United States or any other country, (ii) all
reissues, continuations, continuations-in-part, divisions, reexaminations or extensions of any of the foregoing, and (iii) all inventions disclosed in and claimed in the Patents and any and all trade secrets and know-how related thereto.

 “Proceeds” shall mean “proceeds”, as such term is defined in Section 9-102(a)(64) of the UCC and, in any
event, shall include, without limitation, (i) any and all proceeds of any insurance, indemnity, warranty or guaranty payable to any Grantor from time to time with respect to any of the Collateral, (ii) any and all payments (in any form
whatsoever) made or due and payable to Grantor from time to time in connection with any requisition, confiscation, condemnation, seizure or forfeiture of all or any part of the Collateral by any governmental body, authority, bureau or agency (or any
person acting under color of governmental authority), (iii) any claim of any Grantor against third parties (A) for past, present or future infringement of any Patent or Patent License or (B) for past, present or future infringement or
dilution of any Trademark or Trademark License or for injury to the goodwill associated with any Trademark, Trademark registration or Trademark licensed under any Trademark License, (iv) any and all other amounts from time to time paid or
payable under or in connection with any of the Collateral, and (v) the following types of property acquired with cash proceeds: Accounts, Chattel Paper, Contracts, Deposit Accounts, Documents, General Intangibles, Equipment and Inventory.

 “Secured Obligations” shall mean all Obligations. Without limiting the generality of the foregoing, the Secured
Obligations include all amounts that constitute part of the Obligations and would be owed by any Grantor to Collateral Agent or any Secured Party but for the fact that they are unenforceable or not allowable due to the existence of a bankruptcy,
reorganization, or similar proceeding involving a Grantor. 
 “Security Agreement” shall mean this Security Agreement, as
the same may from time to time be amended, restated, modified or supplemented. 
 “Supporting Obligations” shall mean all
“supporting obligations” as such term is defined in Section 9-102(77) of the UCC. 
 “Supplemental
Documentation” shall have the meaning assigned to it in Section 5(a) of this Security Agreement. 
 “Trademark
License” shall mean all of the following now owned or hereafter acquired by any Grantor or in which any Grantor now has or hereafter acquires any rights: any written agreement granting any right to use any Trademark or Trademark
registration. 
  

 Exhibit I – Page 4 

 “Trademark” or “Trademarks” shall mean one or all of the following now
owned or hereafter acquired by any Grantor or in which any Grantor now has or hereafter acquires any rights: (i) all trademarks, trade names, corporate names, business names, trade styles, service marks, logos, other source or business
identifiers, prints and labels on which any of the foregoing have appeared or appear, designs and general intangibles of like nature, now existing or hereafter adopted or acquired, all registrations and recordings thereof, and all applications in
connection therewith, including, without limitation, registrations, recordings and applications in the United States Patent and Trademark Office or in any similar office or agency of any State of the United States or any other country or any
political subdivision thereof, (ii) all extensions or renewals thereof and (iii) the goodwill symbolized by any of the foregoing. 
 “UCC” shall mean the Uniform Commercial Code as the same may, from time to time, be in effect in the State of New York; provided, however, in the event that, by reason of mandatory provisions of law, any or
all of the attachment, perfection or priority of the Collateral Agent’s security interest in any Collateral is governed by the Uniform Commercial Code as in effect in a jurisdiction other than the State of New York, the term “UCC”
shall mean the Uniform Commercial Code as in effect in such other jurisdiction for purposes of the provisions hereof relating to such attachment, perfection or priority and for purposes of definitions related to such provisions. 
 Section 2. Grant of Security Interest. As collateral security for the prompt and complete payment and performance when due (whether at stated
maturity, by acceleration or otherwise) of all the Secured Obligations, each Grantor hereby charges and grants to the Collateral Agent, for the benefit of the Secured Parties, a continuing security interest in all of such Grantor’s rights,
title and interest in, to and under the following, whether now owned or existing or hereafter arising or acquired (all of which being hereinafter collectively called the “Collateral”): 
 (a) all Accounts; 
 (b) all Deposit Accounts;

 (c) all Chattel Paper; 
 (d)
all Commercial Tort Claims, including those listed on Schedule 2(d); 
 (e) all Contracts; 
 (f) all Documents; 
 (g) all Equipment;

 (h) all Goods; 
 (i) all
General Intangibles; 
 (j) all Instruments; 
  

 Exhibit I – Page 5 

 (k) all Inventory; 
 (l) all Investment Property; 
 (m) all Letter-of-Credit Rights; 
 (n) all money; 
 (o) all Supporting
Obligations; 
 (p) all other goods and personal property of such Grantor, whether tangible or intangible, now owned or hereafter acquired by
such Grantor or in which such Grantor now has or hereafter acquires any rights and wherever located; and 
 (q) to the extent not otherwise
included, all Proceeds of each of the foregoing and all accessions to, substitutions and replacements for, and rents, profits and products of each of the foregoing and all books and records relating to each of the foregoing. 
 Notwithstanding the foregoing, “Collateral” as used herein shall not include any Property in any case to the extent (but only to the extent) (A) that by
its terms forbids or makes void or unenforceable any grant of a security interest in such Property unless pursuant to applicable law such terms are unenforceable or the Collateral Agent has received all consents necessary to enable the Collateral
Agent to obtain an Acceptable Security Interest in such Property, (B) the assignment of which, or the grant of a security interest in, such Property is prohibited by any applicable law or (C) that constitutes a Government Fueling Facility
(all such Property collectively referred to herein as the “Excluded Property”); provided, however, that any Excluded Property shall automatically cease to be “Excluded Property” under this Section 2 and
shall automatically be subject to the lien and security interest granted hereby and to the terms and provisions of this Security Agreement as “Collateral”, to the extent that (1) either of the prohibitions discussed in clause
(A) and (B) above is ineffective or subsequently rendered ineffective under the UCC or any other Legal Requirement or is otherwise no longer in effect or (2) the applicable Grantor has obtained the consent of parties applicable to
such Excluded Property necessary for the creation of a lien and security in, such Excluded Property; provided, further, that any proceeds received by any Grantor from the sale, transfer or other disposition of Excluded Property shall
constitute Collateral unless any assets or property constituting such proceeds are themselves subject to the exclusions set forth in clauses (A), (B) or (C) above. 
 Section 3. Right of the Secured Parties; Limitations on the Secured Parties’ Obligations; License. 
 (a) Grantors Remain Liable. It is expressly agreed by each Grantor that, anything herein to the contrary notwithstanding, the Collateral Agent and
the Secured Parties shall not have any obligations or liabilities under any Contract or License by reason of or arising out of this Security Agreement or the granting to the Collateral Agent of a security interest therein or the receipt by the
Collateral Agent of any payment relating to any Contract or License pursuant hereto, nor shall the Collateral Agent or any Secured Party be required or obligated in any manner to perform or fulfill any of the obligations of Grantor under or pursuant
to any Contract or License, or to make any payment, or to make any inquiry as to the nature or the 
  

 Exhibit I – Page 6 

 sufficiency of any payment received by it or the sufficiency of any performance by any party under any Contract or
License, or to present or file any claim, or to take any action to collect or enforce any performance or the payment of any amounts which may have been assigned to it or to which it may be entitled at any time or times. 
 (b) Direct Collection. The Collateral Agent may also at any time after the occurrence of, and during the continuance of, any Event of Default,
after first notifying any Grantor of its intention to do so, open such Grantor’s mail and collect any and all amounts due from Account Debtors to such Grantor, and, if such Grantor shall fail to act in accordance with the following sentence,
notify Account Debtors of such Grantor, parties to the Contracts with such Grantor, obligors of Instruments of such Grantor and obligors in respect of Chattel Paper of such Grantor that the Accounts and the right, title and interest of such Grantor
in and under such Contracts, such Instruments and such Chattel Paper have been assigned to the Collateral Agent and that payments shall be made directly to the Collateral Agent or to a lockbox designated by the Collateral Agent. Upon the request of
the Collateral Agent made at any time after the occurrence of, and during the continuance of, a Default or Event of Default, each Grantor will so notify such Account Debtors, parties to such Contracts, obligors of such Instruments and obligors in
respect of such Chattel Paper. The Collateral Agent also may at any time, upon reasonable advance notice to any Grantor (unless a Default or Event of Default has occurred, and is continuing, in which case no notice is necessary), in its own name or
in the name of such Grantor, communicate with such Account Debtors, parties to such Contracts, obligors of such Instruments and obligors in respect of such Chattel Paper to verify with such Persons to the Collateral Agent’s sole satisfaction
the existence, amount and terms of any such Accounts, Contracts, Instruments or Chattel Paper. 
 Section 4. Representations and
Warranties. The Grantors jointly and severally represent and warrant to the Collateral Agent and the Secured Parties that: 
 (a) Sole
Owner. Except for the security interest granted to the Collateral Agent pursuant to this Security Agreement, such Grantor is the sole legal and beneficial owner or lessee or authorized licensee of each item of the Collateral in which it purports
to grant a security interest hereunder, having good and sufficient title thereto, or a valid interest as a lessee or licensee thereunder, free and clear of any and all Liens (except Excepted Liens), and, in the case of Patents and Trademarks, free
and clear of Licenses, registered user agreements and covenants not to sue third Persons. No amounts payable under or in connection with any of its Accounts or Contracts are evidenced by Instruments which have not been delivered to the Collateral
Agent. 
 (b) No Other Security Agreement. No effective security agreement, financing statement, equivalent security or lien
instrument or continuation statement covering all or any part of the Collateral is on file or of record in any public office, except such as may have been filed by a Grantor in favor of the Collateral Agent pursuant to this Security Agreement and
except such as may have been filed to evidence Excepted Liens. 
 (c) Financing Statements. Upon the filing of appropriate financing
statements in the jurisdictions listed in Schedule I hereto, this Security Agreement is effective to create a valid and continuing lien on and perfected security interest in the Collateral with respect to which a security interest may be
perfected by filing pursuant to the UCC in favor of the 
  

 Exhibit I – Page 7 

 Collateral Agent. Upon such filing, all action requested by the Collateral Agent as necessary or desirable to protect and
perfect such security interest in each item of the Collateral will have been duly taken. 
 (d) Locations. The Collateral Agent is
authorized to file UCC-1 Financing Statements and all other necessary documentation (including amendments or assignments of existing UCC-1 Financing Statements) to perfect the security interests hereunder on behalf of each Grantor and for the
benefit of the Secured Parties. Each Grantor agrees that such financing statements may describe the Collateral in the same manner as described in this Security Agreement or as “all assets” or “all personal property” of such
Grantor or contain such other descriptions of the Collateral as the Collateral Agent, in its sole judgment, deems necessary or advisable. Such Grantor hereby ratifies each such financing statement and any and all financing statements filed prior to
the date hereof by the Collateral Agent. Each Grantor’s jurisdiction of organization or incorporation is set forth on Schedule II hereto, and each Grantor will not change such jurisdiction of organization or incorporation unless it has
taken such action (if any) as is necessary to cause the security interest of the Collateral Agent in the Collateral to continue to be perfected and has given thirty (30) days’ prior written notice thereof to the Collateral Agent. Any new
jurisdiction of organization shall be within the United States of America for all Grantors which are currently organized in the United States of America. 
 (e) Patents. The Patents (if any) and, to the best of such Grantor’s knowledge, any patents in which such Grantor has been granted rights pursuant to the Patent Licenses are subsisting and have not been
adjudged invalid or unenforceable; each of the Patents and, to the best of such Grantor’s knowledge, any patent in which such Grantor has been granted rights pursuant to Patent Licenses are valid and enforceable; no claim has been made that the
use of any of the Patents or any patent in which such Grantor has been granted rights pursuant to the Patent Licenses does or may violate the rights of any third person; and such Grantor shall take all reasonable actions necessary to insure that the
Patents and any patents in which such Grantor has been granted rights pursuant to the Patent Licenses remain valid and enforceable. 
 (f)
Trademarks. The Trademarks (if any) and, to the best of such Grantor’s knowledge, any trademarks in which such Grantor has been granted rights pursuant to Trademark Licenses are subsisting and have not been adjudged invalid or
unenforceable; each of the Trademarks and, to the best of such Grantor’s knowledge, any trademark in which such Grantor has been granted rights pursuant to Trademark Licenses is valid and enforceable; no claim has been made that the use of any
of the Trademarks or any trademark in which such Grantor has been granted rights pursuant to the Trademark Licenses does or may violate the rights of any third person; upon registration of its Trademarks, such Grantor will use for the duration of
this Security Agreement, proper statutory notice in connection with its use of the Trademarks; and such Grantor will use, for the duration of this Security Agreement, consistent standards of quality in its manufacture of products sold under the
Trademarks and any trademarks in which such Grantor has been granted rights pursuant to the Trademark Licenses. 
 (g) Copyrights.
Such Grantor has no copyrights or copyright licenses. 
 Section 5. Covenants. Each Grantor covenants and agrees with the
Collateral Agent that from and after the date of this Security Agreement and until the Secured Obligations 
  

 Exhibit I – Page 8 

 (including all Letter of Credit Obligations) are fully satisfied, all Letters of Credit have terminated or expired, all
obligations of the Issuing Bank and the Participants in respect of Letters of Credit have terminated or expired and the Commitments have terminated or expired: 
 (a) Further Documentation; Pledge of Instruments. At any time and from time to time, upon the written request of the Collateral Agent, and at the sole expense of such Grantor, such Grantor will promptly and
duly execute and deliver any and all such further instruments, documents and agreements and take such further action as the Collateral Agent may reasonably deem desirable to obtain the full benefits of this Security Agreement and of the rights and
powers herein granted, including, without limitation using its reasonable efforts to secure all consents and approvals necessary or appropriate for the assignment to the Collateral Agent of any License or Contract held by such Grantor or in which
such Grantor has any rights not heretofore assigned, the filing of any financing or continuation statements under the UCC with respect to the liens and security interests granted hereby, transferring Collateral to the Collateral Agent’s
possession (if a security interest in such Collateral can be perfected only by possession), placing the interest of the Collateral Agent as lienholder on the certificate of title of any vehicle and using its best efforts to obtain waivers of liens
from landlords and mortgagees. Such Grantor hereby irrevocably makes, constitutes and appoints the Collateral Agent (and all Persons designated by the Collateral Agent for that purpose) as such Grantor’s true and lawful attorney, effective upon
the failure or refusal of such Grantor, upon the Collateral Agent’s request, to execute and/or deliver to the Collateral Agent any financing statement, continuation statement, instrument, document, or agreement which the Collateral Agent may
reasonably deem desirable to obtain the full benefits of this Security Agreement and of the rights and powers granted hereunder (herein, “Supplemental Documentation”), to sign such Grantor’s name on any such Supplemental
Documentation and to deliver any such Supplemental Documentation to such Person as the Collateral Agent, in its sole discretion, shall elect. Such Grantor also hereby authorizes the Collateral Agent to file any financing or continuation statement
relating to the Collateral without the signature of such Grantor to the extent permitted by applicable law. Such Grantor agrees that a carbon, photographic, photostatic, or other reproduction of this Security Agreement or of a financing statement is
sufficient as a financing statement and may be filed by the Collateral Agent in any filing office. If any amount payable under or in connection with any of the Collateral shall be or become evidenced by any Instrument or Document other than in the
ordinary course of business, such Instrument or Document shall be immediately delivered to the Collateral Agent hereunder, and, if requested by the Collateral Agent, shall be duly endorsed in a manner satisfactory to the Collateral Agent and
delivered to the Collateral Agent. 
 (b) Limitation on Liens on Collateral. Such Grantor will not create, permit or suffer to exist,
and will defend the Collateral against and take such other action as is necessary to remove, any Lien on the Collateral except Excepted Liens, and will defend the right, title and interest of the Collateral Agent in and to Grantor’s rights
under the Chattel Paper, Contracts, Documents, General Intangibles and Instruments and to the Equipment and Inventory and in and to the Proceeds thereof against the claims and demands of all Persons whomsoever. 
 (c) Maintenance of Insurance. Such Grantor will maintain, with financially sound and reputable companies, casualty and liability insurance
policies with respect to the Collateral which conform in all respects to the requirements of the Credit Agreement in respect thereof. 
  

 Exhibit I – Page 9 

 (d) Limitations on Disposition. Such Grantor will not sell, lease, transfer or otherwise dispose
of any of the Collateral, or attempt or contract to do so except as may be expressly permitted under the Credit Agreement. The Nigerian Operations and related assets may be sold free and clear of any security interest granted herein with the prior
approval of the Collateral Agent; provided that such approval shall not be withheld unless a Default has occurred and is continuing. To the extent Collateral Agent perfects its security interest in the Nigerian Operations and related assets, the
Collateral Agent shall, upon the consumation of a sale of such assets permitted hereunder and under the Credit Agreement, provide a release of the same to Grantor upon the reasonable request of Grantor. All approvals to be delivered under this
subsection (d) shall be delivered within five (5) Business Days after Collateral Agent’s receipt of notice of said proposed sale and any release shall be provided to an escrow or closing agent, if applicable, at or prior to closing
provided Collateral Agent is given at least five (5) Business Days advance notice of said closing date. 
 (e) Right of
Inspection. The Collateral Agent shall at all times have the rights of inspection set forth in the Credit Agreement. Without limitation of the foregoing, the Collateral Agent and its representatives shall also have the right, with reasonable
notice and at all reasonable times during normal business hours, to enter into and upon any premises where any of the Equipment or Inventory is located for the purpose of inspecting the same, observing its use or otherwise protecting its interests
therein. 
 (f) Continuous Perfection. Such Grantor will not change its name, identity or corporate structure in any manner which
might make any financing or continuation statement filed in connection herewith seriously misleading within the meaning of Section 9-506 of the UCC (or any other then applicable provision of the UCC) unless such Grantor shall have given the
Collateral Agent at least thirty (30) days’ prior written notice thereof and shall have taken all action (or made arrangements to take such action substantially simultaneously with such change if it is impossible to take such action in
advance) necessary or reasonably requested by the Collateral Agent to amend such financing statement or continuation statement so that it is not seriously misleading. 
 (g) Consignment of Inventory. Except as specified on Schedule III, such Grantor shall not, at any time during the term of this Security Agreement, place any Inventory on consignment with any Person.

 Section 6. Covenants Regarding Specific Collateral. Each Grantor covenants and agrees with the Collateral Agent that from and
after the date of this Security Agreement and until the Secured Obligations (including all Letter of Credit Obligations) are fully satisfied, all Letters of Credit have terminated or expired, all obligations of the Issuing Bank and the Participants
in respect of Letters of Credit have terminated or expired and the Commitments have terminated or expired: 
 (a) Covenants Relating to
Accounts, Etc. 
 (i) Such Grantor will perform and comply with all obligations in respect of Accounts, Chattel Paper, Contracts and
Licenses and all other agreements to which it is a party or by which it is bound. 
  

 Exhibit I – Page 10 

 (ii) Such Grantor will not, without the Collateral Agent’s prior written consent, after the
occurrence of, and during the continuance of, any Event of Default, grant any extension of the time of payment of any of the Accounts, Chattel Paper or Instruments, compromise, compound or settle the same for less than the full amount thereof,
release, wholly or partly, any Person liable for the payment thereof, or allow any credit or discount whatsoever thereon other than trade discounts granted, or for returns in the ordinary course of business of such Grantor. 
 (iii) The Collateral Agent may rely, in determining the collateral value to the Collateral Agent of the Accounts from time to time, on all statements or
representations made by such Grantor on or with respect to the Accounts in any certificate, schedule or report and, unless otherwise indicated in writing by such Grantor, may assume that: (A) they are genuine, are in all respects what they
purport to be; are not evidenced by a judgment and if Chattel Paper or Instruments are only evidenced by one, if any, executed original instrument, agreement, contract, or document, which, if requested by the Collateral Agent, and without violating
the rights of the holders of any Excepted Liens senior to the Collateral Agent’s security interest hereunder, has been delivered to the Collateral Agent; (B) they represent undisputed, bona fide transactions completed in accordance with
the terms and provisions contained in any documents related thereto; (C) except as set forth in Subsection (D) below, the amounts of the face value shown on any certificate or report provided to the Collateral Agent, and/or any invoices
and statements delivered to the Collateral Agent with respect to any Account are actually and absolutely owing to such Grantor and are not known by such Grantor to be contingent for any reason; (D) there are no setoffs, counterclaims or
disputes existing or asserted with respect thereto and such Grantor has not made any agreement with any Account Debtor thereunder for any deduction therefrom, except for returns, discounts, rebates or allowances permitted by such Grantor in the
ordinary course of its business; (E) there are no facts, events, or occurrences which in any way impair the validity or enforceability thereof or reduce the amount payable thereunder from the amount of the invoice face value shown on any such
certificate or report and on all contracts, invoices and statements delivered to the Collateral Agent with respect thereto; (F) to the best of such Grantor’s knowledge, all Account Debtors thereunder (x) had the capacity to contract
at the time any contract or other document giving rise to the Account was executed and (y) are solvent; (G) the goods giving rise thereto were not, at the time of the sale thereof, subject to any lien, claim, encumbrance or security
interest, except Excepted Liens; and (H) each invoice or other evidence of payment obligation furnished to Account Debtors with respect to outstanding Accounts is issued in such Grantor’s corporate name; provided, however,
that such Grantor may use other trade styles different from their corporate names from time to time for invoicing purposes so long as (i) such Grantor shall notify the Collateral Agent in writing thereof prior to the use of such trade styles;
(ii) the Accounts so created and the payments received with respect thereto shall be and remain Grantor’s property; (iii) no other Person (other than holders of Excepted Liens) shall have any interest in such Accounts; and
(iv) the trade styles so used are names either owned by such Grantor or for the use of which such Grantor shall have obtained prior approval. 
 (b) Covenants Relating to Inventory. The Collateral Agent may rely, in determining the collateral value to the Collateral Agent of the Inventory from time to time, on all statements or representations made by such Grantor on or with
respect to Inventory in any certificate, schedule or report and, unless otherwise indicated in writing by such Grantor, may 
  

 Exhibit I – Page 11 

 assume that: (i) all Inventory is either (A) located at places of business or Collateral locations listed on
Schedule III attached hereto or (B) is Inventory in transit from one such place of business or Collateral location to another; (ii) no Inventory is subject to any lien or security interest whatsoever, except for those granted to the
Collateral Agent hereunder and Excepted Liens; (iii) except as specified on Schedule III hereto, no Inventory is now, and shall not at any time or times hereafter be, kept, stored or maintained with a bailee, warehouseman or similar
party; and (iv) except as specified on Schedule III hereto, none of such Inventory has been consigned, or, without the Collateral Agent’s prior written consent, will be consigned to any Person, except in conformity with
subsection (c) below. 
 (c) Consignments of Inventory. If and to the extent that such Grantor consigns any Inventory hereafter,
unless the Collateral Agent agrees otherwise, such Grantor shall comply in all material respects with Article 2 and Article 9 of the UCC in regard thereto (including the correlative filing provisions of Section 9-505), and shall, subject to
holders of any Excepted Liens, assign all such financing statements to the Collateral Agent. 
 (d) Maintenance of Equipment. Such
Grantor will at all times maintain and preserve the Equipment in use or useful in the conduct of its business and keep the same in good repair, working order and condition (taking into account ordinary wear and tear) and from time to time make, or
cause to be made, all needful and proper repairs, renewals and replacements, betterments and improvements thereto consistent with industry practice so that the business carried on in connection therewith may be properly and advantageously conducted
at all times. 
 (e) Covenants Regarding Patent and Trademark Collateral. 
 (i) Such Grantor shall notify the Collateral Agent promptly if it knows or has reason to know that any Patent or any registration relating to any
Trademark, in each case which is material to the conduct of such Grantor’s business, may become abandoned, cancelled or declared invalid, or if any such Trademark or the invention disclosed in any such Patent is dedicated to the public domain,
or of any adverse determination or development in any proceeding in the United States Patent and Trademark Office, in analogous offices or agencies in other countries or in any court regarding Grantor’s ownership of any Patent or Trademark
which is material to the conduct of such Grantor’s business, its right to register the same, or to keep and maintain the same. 
 (ii)
If such Grantor, either itself or through any agent, employee, licensee or designee, applies for a Patent or files an application for the registration of any Trademark with the United States Patent and Trademark Office or any analogous office or
agency in any other country or any political subdivision thereof or otherwise obtains rights in any Patent or Trademark, such Grantor will promptly inform the Collateral Agent, and, upon request of the Collateral Agent, execute and deliver any and
all agreements, instruments, documents, and papers as the Collateral Agent may reasonably request to evidence the Collateral Agent’s security interest in such Patent or Trademark and the General Intangibles, including, without limitation, in
the case of Trademarks, the goodwill of such Grantor, relating thereto or represented thereby; provided that such Grantor shall have no such duty where such Grantor’s Patent or Trademark rights in its application would be jeopardized by
such action, including, but not limited to, the assignment of an “intent-to-use” Trademark application filed under 15 U.S.C. § 1051(b). 
  

 Exhibit I – Page 12 

 (iii) Such Grantor, consistent with the reasonable conduct and protection of its Business, will take all
reasonable actions to prosecute vigorously each application and to attempt to obtain the broadest Patent or registration of a Trademark therefrom and to maintain each Patent and Trademark registration which is material to the conduct of such
Grantor’s business, including, without limitation, with respect to Patents, payments of required maintenance fees, and, with respect to Trademarks, filing of applications for renewal, affidavits of use and affidavits of incontestability. In the
event that such Grantor fails to take any of such actions, the Collateral Agent may do so in such Grantor’s name or in the Collateral Agent’s name and all reasonable expenses incurred by the Collateral Agent in connection therewith shall
be paid by such Grantor in accordance with Section 9 hereof. 
 (iv) Such Grantor shall use its reasonable efforts to detect infringers
of the Patents and Trademarks which are material to the conduct of such Grantor’s business. In the event that any of the Patents or Trademarks is infringed, misappropriated or diluted by a third party, Grantor shall notify the Collateral Agent
promptly after it learns thereof and shall, if such Patents or Trademarks are material to the conduct of such Grantor’s business, promptly take appropriate action to protect such Patents or Trademarks. In the event that such Grantor fails to
take any such actions the Collateral Agent may do so in such Grantor’s name or the Collateral Agent’s name and all reasonable expenses incurred by the Collateral Agent in connection therewith shall be paid by Grantor in accordance with
Section 9 hereof. 
 (f) Electronic Chattel Paper. To the extent that such Grantor obtains or maintains any Electronic Chattel
Paper, Grantor shall create, store and assign the record or records comprising the Electronic Chattel Paper in such a manner that (i) a single authoritative copy of the record or records exists which is unique, identifiable and except as
otherwise provided in clauses (iv), (v) and (vi) below, unalterable, (ii) the authoritative copy identifies the Collateral Agent as the assignee of the record or records, (iii) the authoritative copy is communicated to and
maintained by the Collateral Agent or its designated custodian, (iv) copies or revisions that add or change an identified assignee of the authoritative copy can only be made with the participation of the Collateral Agent, (v) each copy of
the authoritative copy and any copy of a copy is readily identifiable as a copy that is not the authoritative copy and (vi) any revision of the authoritative copy is readily identifiable as an authorized or unauthorized revision. 
 (g) Commercial Tort Claims. If such Grantor shall obtain an interest in any Commercial Tort Claim, then such Grantor shall within five
(5) days of obtaining such interest sign and deliver documentation acceptable to the Collateral Agent granting a security interest to the Collateral Agent in and to such Commercial Tort Claim under the terms and provisions of this Security
Agreement. 
 (h) Letter of Credit Rights. Such Grantor will maintain all Letter-of-Credit Rights assigned by it to the Collateral
Agent so that the Collateral Agent has control over such Letter-of-Credit Rights is the manner specified in Section 9-107 of the UCC. 
  

 Exhibit I – Page 13 

 (i) Investment Property. Such Grantor will cause the Collateral Agent to have control over all of
its Investment Property in the manner specified in Section 9-106 of the UCC. 
 Section 7. Reporting and Record Keeping.
Each Grantor covenants and agrees with the Collateral Agent that from and after the date of this Security Agreement and until the Secured Obligations (including all Letter of Credit Obligations) are fully satisfied, all Letters of Credit have
terminated or expired, all obligations of the Issuing Bank and the Participants in respect of Letters of Credit have terminated or expired and the Commitments shall have been terminated or expired: 
 (a) Maintenance of Records Generally. Such Grantor will keep and maintain at its own cost and expense satisfactory and complete records of the
Collateral, including, without limitation, a record of all payments received and all credits granted with respect to the Collateral and all other dealings with the Collateral. Such Grantor will mark its books and records pertaining to the Collateral
to evidence this Security Agreement and the security interests granted hereby. All Chattel Paper will be marked with the following legend: “This writing and the obligations evidenced or secured hereby are subject to the security interest of
Calyon New York Branch, as Collateral Agent.” If requested by the Collateral Agent, the security interest of the Collateral Agent shall be noted on the certificate of title of each vehicle. For the Collateral Agent’s further security, such
Grantor agrees that the Collateral Agent shall have a special property interest in all of such Grantor’s books and records pertaining to the Collateral and, upon the continuation of any Default or Event of Default, such Grantor shall deliver
and turn over copies of any such books and records to the Collateral Agent or to its representatives at any time on demand of the Collateral Agent. 
 (b) Special Provisions Regarding Maintenance of Records. 
 (i) Such Grantor shall deliver to the Collateral Agent such
reports and schedules with respect to the Accounts as shall be required by the Credit Agreement, and upon the request of the Collateral Agent, invoice registers and copies (or originals to the extent necessary or advisable for the Collateral Agent
to collect on Accounts after the occurrence and during the continuation of an Event of Default), of all invoices, shipping receipts, orders and other documents relating to the creation of the Accounts listed on such certificates, reports and
schedules. Such Grantor shall keep complete and accurate records of its Accounts. 
 (ii) Such Grantor shall keep correct and accurate
records, itemizing and describing the kind, type, location and quantity of Inventory, and the withdrawals therefrom and additions thereto, and shall provide to the Collateral Agent such reports and schedules with respect to the Inventory as shall be
required by the Credit Agreement. 
 (iii) Such Grantor shall maintain accurate, itemized records itemizing and describing the kind, type,
quantity and value of its Equipment and shall furnish the Collateral Agent with a current schedule containing the foregoing information if requested by the Collateral Agent (but, unless an Event of Default then exists, such reports may be requested
not more frequently than annually). 
  

 Exhibit I – Page 14 

 (c) Further Identification of Collateral. Such Grantor will, if so requested by the Collateral
Agent, furnish to the Collateral Agent, as often as the Collateral Agent reasonably requests, statements and schedules further identifying and describing the Collateral and such other reports in connection with the Collateral as the Collateral Agent
may reasonably request, all in reasonable detail. 
 (d) Notices. In addition to the notices required by Section 7(b) hereof,
such Grantor will advise the Collateral Agent promptly, in reasonable detail, (i) of any lien, security interest, encumbrance or claim (other than Excepted Liens) made or asserted against any of the Collateral, (ii) of any change in the
composition of the Collateral occurring outside the ordinary course of business, and (iii) of the occurrence of any other event which has a Material Adverse Effect with respect to the Collateral. 
 Section 8. The Collateral Agent’s Appointment as Attorney-in-Fact. (a) Each Grantor hereby irrevocably constitutes and appoints the
Collateral Agent and any officer or agent thereof, with full power of substitution, as its true and lawful attorney-in-fact with full irrevocable power and authority in the place and stead of such Grantor and in the name of such Grantor or in its
own name, from time to time in the Collateral Agent’s reasonable discretion, for the purpose of carrying out the terms of this Security Agreement, to take any and all appropriate action and to execute and deliver any and all documents and
instruments which may be necessary or desirable to accomplish the purposes of this Security Agreement and, without limiting the generality of the foregoing, hereby gives the Collateral Agent the power and right, on behalf of such Grantor, without
notice to or assent by such Grantor to do the following: 
 (i) to ask, demand, collect, receive and give acquittances and receipts for any
and all moneys due and to become due under any Collateral and, in the name of such Grantor or its own name or otherwise, to take possession of and endorse and collect any checks, drafts, notes, acceptances or other Instruments for the payment of
moneys due under any Collateral and to file any claim or to take any other action or proceeding in any court of law or equity or otherwise deemed appropriate by the Collateral Agent for the purpose of collecting any and all such moneys due under any
Collateral whenever payable and to file any claim or to take any other action or proceeding in any court of law or equity or otherwise deemed appropriate by the Collateral Agent for the purpose of collecting any and all such moneys due under any
Collateral whenever payable; 
 (ii) to pay or discharge taxes, liens, security interests or other Liens levied or placed on or threatened
against the Collateral (other than Excepted Liens), to effect any repairs or any insurance called for by the terms of this Security Agreement and to pay all or any part of the premiums therefor and the costs thereof; and 
 (iii) (A) to direct any party liable for any payment under any of the Collateral to make payment of any and all moneys due, and to become due
thereunder, directly to the Collateral Agent or as the Collateral Agent shall direct; (B) to receive payment of and receipt for any and all moneys, claims and other amounts due, and to become due at any time, in respect of or arising out of any
Collateral; (C) to sign and endorse any invoices, freight or express bills, bills of lading, storage or warehouse receipts, drafts against debtors, assignments, verifications and notices in connection with accounts and other Documents
constituting or relating to the 
  

 Exhibit I – Page 15 

 Collateral; (D) to commence and prosecute any suits, actions or proceedings at law or in equity in any court of
competent jurisdiction to collect the Collateral or any part thereof and to enforce any other right in respect of any Collateral; (E) to defend any suit, action or proceeding brought against such Grantor with respect to any Collateral;
(F) to settle, compromise or adjust any suit, action or proceeding described above and, in connection therewith, to give such discharges or releases as the Collateral Agent may deem appropriate; (G) to license or, to the extent permitted
by an applicable license, sublicense, whether general, special or otherwise, and whether on an exclusive or non-exclusive basis, any patent or trademark, throughout the world for such term or terms, on such conditions, and in such manner, as the
Collateral Agent shall in its sole discretion determine; and (H) generally to sell, transfer, pledge, make any agreement with respect to or otherwise deal with any of the Collateral as fully and completely as though the Collateral Agent were
the absolute owner thereof for all purposes, and to do, at the Collateral Agent’s option and such Grantor’s expense, at any time, or from time to time, all acts and things which the Collateral Agent reasonably deems necessary to protect,
preserve or realize upon the Collateral and the Collateral Agent’s Lien therein, in order to effect the intent of this Security Agreement, all as fully and effectively as such Grantor might do. 
 (b) The Collateral Agent agrees that, except upon the occurrence and during the continuation of an Event of Default, it will not exercise the power of
attorney or any rights granted to the Collateral Agent pursuant to this Section 8 except for the rights granted under clause (ii) of paragraph (a) above. Each Grantor hereby ratifies, to the extent permitted by law, all that said attorneys shall
lawfully do or cause to be done by virtue hereof. THE POWER OF ATTORNEY GRANTED PURSUANT TO THIS SECTION 8 IS A POWER COUPLED WITH AN INTEREST AND SHALL BE IRREVOCABLE. 
 (c) The powers conferred on the Collateral Agent hereunder are solely to protect the Collateral Agent’s interests in the Collateral and shall not impose any duty upon it to exercise any such powers. The
Collateral Agent shall be accountable only for amounts that it actually receives as a result of the exercise of such powers and neither it nor any of its affiliates, officers, directors, employees or agents shall be responsible to any Grantor for
any act or failure to act, except for its own gross negligence or willful misconduct. 
 (d) Each Grantor also authorizes the Collateral
Agent, at any time and from time to time upon the occurrence and during the continuation of any Event of Default, (i) to communicate in its own name with any party to any Contract with regard to the assignment of the right, title and interest
of such Grantor in and under the Contracts hereunder and other matters relating thereto and (ii) to execute, in connection with the sale provided for in Section 10 hereof, any endorsements, assignments or other instruments of conveyance or
transfer with respect to the Collateral. 
 Section 9. Performance by the Collateral Agent of Grantor’s Obligations. If any
Grantor fails to perform or comply with any of its agreements contained herein and the Collateral Agent, as provided for by the terms of this Security Agreement, shall itself perform or comply, or otherwise cause performance or compliance, with such
agreement, the reasonable expenses of the Collateral Agent incurred in connection with such performance or compliance, together with interest thereon at the rate then in effect in respect of Base Rate Advances, shall be payable by each Grantor to
the Collateral Agent on demand and shall constitute Secured Obligations secured hereby. 
  

 Exhibit I – Page 16 

 Section 10. Remedies and Rights Upon Default. (a) If an Event of Default shall occur and
be continuing, the Collateral Agent may exercise in addition to all other rights and remedies granted to it in this Security Agreement and in any other instrument or agreement securing, evidencing or relating to the Secured Obligations, all rights
and remedies of a secured party under the UCC. Without limiting the generality of the foregoing, each Grantor expressly agrees that in any such event the Collateral Agent, without demand of performance or other demand, advertisement or notice of any
kind (except the notice specified below of time and place of public or private sale) to or upon such Grantor or any other person (all and each of which demands, advertisements and/or notices are hereby expressly waived to the maximum extent
permitted by the UCC and other applicable law), may forthwith collect, receive, appropriate and realize upon the Collateral, or any part thereof, and/or may forthwith sell, lease, assign, give an option or options to purchase, or sell or otherwise
dispose of and deliver said Collateral (or contract to do so), or any part thereof, in one or more parcels at public or private sale or sales, at any exchange or broker’s board or at any of the Collateral Agent’s offices or elsewhere at
such prices as it may deem best, for cash or on credit or for future delivery without assumption of any credit risk. The Collateral Agent shall have the right upon any such public sale or sales, and, to the extent permitted by law, upon any such
private sale or sales, to purchase the whole or any part of said Collateral so sold, free of any right or equity of redemption, which equity of redemption each Grantor hereby releases. Each Grantor further agrees, at the Collateral Agent’s
request, to assemble the Collateral and make it available to the Collateral Agent at places which the Collateral Agent shall reasonably select, whether at such Grantor’s premises or elsewhere. The Collateral Agent shall have no obligation to
clean-up or prepare the Collateral for sale. The Collateral Agent shall apply the net proceeds of any such collection, recovery, receipt, appropriation, realization or sale, as provided in Section 7.06 of the Credit Agreement. Each Grantor
shall remain liable for any deficiency remaining unpaid after such application, and only after so paying over such net proceeds and after the payment by the Collateral Agent of any other amount required by any provision of law, including
Sections 9-610 and 9-615 of the UCC, need the Collateral Agent account for the surplus, if any, to any Grantor. To the maximum extent permitted by applicable law, Grantor waives all claims, damages, and demands against the Collateral Agent
arising out of the repossession, retention or sale of the Collateral except such as arise out of the gross negligence or willful misconduct of the Collateral Agent. Each Grantor agrees that the Collateral Agent need not give more than ten
(10) days’ notice (which notification shall be deemed given when mailed or delivered on an overnight basis, postage prepaid, addressed to such Grantor at its address for notices referred to in Section 14 hereof) of the time and place
of any public sale or of the time after which a private sale may take place and that such notice is reasonable notification of such matters. The Collateral Agent shall not be obligated to make any sale of Collateral regardless of notice of sale
having been given. The Collateral Agent may adjourn any public or private sale from time to time by announcement at the time and place fixed therefor, and any such sale may, without further notice, be made at the time and place to which it was
adjourned. Each Grantor agrees that it would not be commercially unreasonable for the Collateral Agent to dispose of the Collateral or any portion thereof by using Internet sites that provide for the auction of assets of the types included in the
Collateral or that have the reasonable capability of doing so, or that match buyers and sellers of assets. 
  

 Exhibit I – Page 17 

 (b) Each Grantor also agrees to pay all reasonable costs of the Collateral Agent, including, without
limitation, attorneys’ fees, incurred in connection with the enforcement of any of its rights and remedies hereunder. 
 (c) Each
Grantor hereby waives presentment, demand, protest or any notice (to the maximum extent permitted by applicable law) of any kind in connection with this Security Agreement or any Collateral, except for any notices which are expressly required to be
given under the Credit Agreement or hereunder. 
 (d) The Collateral Agent may sell the Collateral without giving any warranties as to the
Collateral. The Collateral Agent may disclaim or modify any warranties of title or the like. This procedure will not be considered to adversely affect the commercial reasonableness of any sale of the Collateral. 
 (e) The Collateral Agent and its agents may enter upon and occupy any real property owned or leased by any Grantor in order to exercise any of the
Collateral Agent’s rights and remedies under this Agreement, without any obligation to such Grantor in respect of such entry or occupation. 
 (f) The Collateral Agent may comply with any applicable Requirement of Law in connection with a disposition of the Collateral or any part thereof and such compliance will not be considered adversely to affect any sale of the Collateral or
any part thereof. 
 (g) The Collateral Agent shall have no duty to marshal any of the Collateral. 
 (h) If the Collateral Agent sells any of the Collateral on credit, the Grantor will be credited only with cash payments actually made by the purchaser
and received by the Collateral Agent and applied to the indebtedness of the purchaser. In the event the purchaser fails to pay for the Collateral, the Collateral Agent may resell the Collateral and the Grantor shall be credited with the proceeds of
sale. 
 (i) Each Grantor shall remain liable for any deficiency if the proceeds of any sale or other disposition of Collateral are
insufficient to pay in full the Secured Obligations. 
 Section 11. Grant of License to Use Patent and Trademark Collateral. For
the purpose of enabling the Collateral Agent to exercise rights and remedies under Section 10 hereof at such time as the Collateral Agent, without regard to this Section 11, shall be lawfully entitled to exercise such rights and remedies,
each Grantor hereby grants to the Collateral Agent an irrevocable, non-exclusive license (exercisable without payment of royalty or other compensation to such Grantor) to use, license or sublicense any Patent or Trademark, now owned or hereafter
acquired by such Grantor, and wherever the same may be located, and including, without limitation, in such license reasonable access to all media in which any of the licensed items may be recorded or stored and to all computer and automatic
machinery software and programs used for the compilation or printout thereof. 
 Section 12. Limitation on the Collateral
Agent’s Duty in Respect of Collateral. The Collateral Agent shall not have any duty as to any Collateral in its possession or control or in the possession or control of any agent or nominee of it or any income thereon or as to the

  

 Exhibit I – Page 18 

 preservation of rights against prior parties or any other rights pertaining thereto, except that the Collateral Agent
shall use reasonable care with respect to the Collateral in its possession or under its control. The Collateral Agent shall account to each Grantor for any moneys received by it in respect of any foreclosure on or disposition of the Collateral.

 Section 13. Term of Agreement; Reinstatement. This Agreement and the security interests granted hereunder shall remain in full
force and effect until the Secured Obligations (including all Letter of Credit Obligations) are fully satisfied, all Letters of Credit have terminated or expired, all obligations of the Issuing Bank and the Participants in respect of Letters of
Credit have terminated or expired and the Commitments have terminated or expired (except for any Obligations designated under the Credit Agreement as surviving the payment of all other Obligations or any termination of the Credit Agreement).
Further, this Agreement shall remain in full force and effect and continue to be effective should any petition be filed by or against any Grantor for liquidation or reorganization, should any Grantor become insolvent or make an assignment for the
benefit of creditors or should a receiver or trustee be appointed for all or any significant part of any Grantor’s assets, and shall continue to be effective or be reinstated, as the case may be, if at any time payment and performance of the
Secured Obligations, or any part thereof, is, pursuant to applicable law, rescinded or reduced in amount, or must otherwise be restored or returned by any obligee of the Secured Obligations, whether as a “voidable preference,”
“fraudulent conveyance,” or otherwise, all as though such payment or performance had not been made. In the event that any payment, or any part thereof, is rescinded, reduced, restored or returned, the Secured Obligations shall be
reinstated and deemed reduced only by such amount paid and not so rescinded, reduced, restored or returned. 
 Section 14.
Notices. Except as otherwise provided herein, whenever it is provided herein that any notice, demand, request, consent, approval, declaration or other communication shall or may be given to or served upon any of the parties by any other
party, or whenever any of the parties desires to give or serve upon any other party any other communication with respect to this Security Agreement, each such notice, demand, request, consent, approval, declaration or other communication shall be in
writing and shall be delivered in the manner and to the addresses set forth in Section 10.02 of the Credit Agreement. 
 Section 15. Severability. Any provision of this Security Agreement which is prohibited or unenforceable in any jurisdiction shall, as to such jurisdiction, be ineffective to the extent of such prohibition or unenforceability
without invalidating the remaining provisions hereof, and any such prohibition or unenforceability in any jurisdiction shall not invalidate or render unenforceable such provision in any other jurisdiction. 
 Section 16. No Waiver; Cumulative Remedies. The Collateral Agent shall not by any act, delay, omission or otherwise be deemed to have waived
any of its rights or remedies hereunder, and no waiver shall be valid unless in writing, signed by the Collateral Agent, and then only to the extent therein set forth. A waiver by the Collateral Agent of any right or remedy hereunder on any one
occasion shall not, unless and except to the extent (if any) otherwise expressly provided therein, be construed as a bar to any right or remedy which the Collateral Agent would otherwise have had on any future occasion. No failure to exercise nor
any delay in exercising on the part of the Collateral Agent, any right, power or privilege hereunder, shall operate as a waiver thereof, nor shall any single or partial exercise of any right, power or 
  

 Exhibit I – Page 19 

 privilege hereunder preclude any other or future exercise thereof or the exercise of any other right, power or privilege.
The rights and remedies hereunder provided are cumulative and may be exercised singly or concurrently, and are not exclusive of any rights and remedies provided by law. 
 Section 17. Successor and Assigns; Governing Law. 
 (a) This Security Agreement and all
obligations of each Grantor hereunder shall be binding upon the successors and assigns of each Grantor, and shall, together with the rights and remedies of the Collateral Agent hereunder, inure to the benefit of the Collateral Agent, the Secured
Parties and their respective successors and assigns; provided, however, that none of the Grantors may assign or delegate any of their rights or obligations under this Security Agreement without the prior written consent of the Collateral
Agent. No sales of participations, other sales, assignments, transfers or other dispositions of any agreement governing or instrument evidencing the Secured Obligations or any portion thereof or interest therein shall in any manner affect the
security interest granted to the Collateral Agent hereunder. 
 (b) THIS SECURITY AGREEMENT SHALL BE GOVERNED BY, AND BE CONSTRUED AND
INTERPRETED IN ACCORDANCE WITH, THE LAWS OF THE STATE OF NEW YORK, EXCEPT AS OTHERWISE SET FORTH IN THE DEFINITION OF “UCC” CONTAINED HEREIN. 
 Section 18. Use and Protection of Patent and Trademark Collateral. Notwithstanding anything to the contrary contained herein, unless an Event of Default has occurred and is continuing, the Collateral Agent
shall from time to time execute and deliver, upon the written request of any Grantor, any and all instruments, certificates or other documents, in the form so requested, necessary or appropriate in the judgment of Grantor to permit Grantor to
continue to exploit, license, use, enjoy and protect the Patents and Trademarks. 
 Section 19. Further Indemnification. EACH
GRANTOR AGREES TO PAY, AND TO SAVE THE COLLATERAL AGENT HARMLESS FROM, ANY AND ALL LIABILITIES WITH RESPECT TO, OR RESULTING FROM ANY DELAY IN PAYING, ANY AND ALL EXCISE, SALES OR OTHER SIMILAR TAXES WHICH MAY BE PAYABLE OR DETERMINED TO BE PAYABLE
WITH RESPECT TO ANY OF THE COLLATERAL OR IN CONNECTION WITH ANY OF THE TRANSACTIONS CONTEMPLATED BY THIS SECURITY AGREEMENT. 
 Section 20. Subagents. Anything contained herein to the contrary notwithstanding, the Collateral Agent may from time to time, when the Collateral Agent deems it to be necessary, appoint one or more subagents (each a
“Subagent”) for the Collateral Agent hereunder with respect to all or any part of the Collateral. In the event that the Collateral Agent so appoints any Subagent with respect to any Collateral, (a) the assignment and pledge of
such Collateral and the security interest granted in such Collateral by each Grantor hereunder shall be deemed for purposes of this Agreement to have been made to such Subagent, in addition to the Collateral Agent, for the benefit of the Collateral
Agent and the Secured Parties, as security for the Secured Obligations, (b) such Subagent shall automatically be vested, in addition to the Collateral Agent, with all rights, powers, privileges, interests and remedies of the Collateral Agent
hereunder with 
  

 Exhibit I – Page 20 

 respect to such Collateral, and (c) the term “Agent,” when used herein in relation to any rights, powers,
privileges, interests and remedies of the Collateral Agent with respect to such Collateral, shall include such Subagent; provided, however, that no such Subagent shall be authorized to take any action with respect to any such
Collateral unless and except to the extend expressly authorized in writing by the Collateral Agent. 
 Section 21. Amendments,
Etc. No amendment or waiver of any provision of this Security Agreement nor consent to any departure by any Grantor herefrom shall be effective unless made in writing and authenticated by the Borrower, each Grantor affected thereby and the
Collateral Agent. In addition, no such amendment or waiver shall be effective unless given or entered into with the necessary approvals of either the Majority Participants or all Participants as required under the terms of the Credit Agreement. Any
such waiver or consent, whether by the Collateral Agent or the Collateral Agent and the Participants shall be effective only in the specific instance and for the specific purpose for which given. 
 Section 22. Integration. THIS WRITTEN AGREEMENT AND THE OTHER LOAN DOCUMENTS REPRESENT THE FINAL AGREEMENT OF THE GRANTORS AND THE
COLLATERAL AGENT WITH RESPECT TO THE SUBJECT MATTER HEREOF, AND MAY NOT BE CONTRADICTED BY EVIDENCE OF PRIOR, CONTEMPORANEOUS OR SUBSEQUENT ORAL AGREEMENTS OF THE PARTIES. THERE ARE NO UNWRITTEN ORAL AGREEMENTS AMONG THE PARTIES. 
 [Signature Pages Follow] 
  

 Exhibit I – Page 21 

 IN WITNESS WHEREOF, each Grantor has caused this Security Agreement to be executed and delivered by its
duly authorized officers on the date first set forth above. 
  

			
	GRANTORS:
	
	WILLBROS USA, INC.
	WILLBROS GROUP, INC.
	WILLBROS ENGINEERS, INC.
	WILLBROS INTERNATIONAL, INC.
	WILLBROS WEST AFRICA, INC.
	WILLBROS MIDDLE EAST, INC.
	WILLBROS MARINE ASSETS, INC.
	INTERNATIONAL PIPELINE EQUIPMENT, INC.
	WILLBROS CONSTRUCTORS, INC.
	WILLBROS ENERGY SERVICES COMPANY
	WILLBROS MT. WEST, INC.
	WILLBROS GOVERNMENT SERVICES, INC.
	WILLBROS RPI, INC.
	WILLBROS PROCESS ELECTRIC AND     CONTROL, INC.
	WILLBROS PROJECT SERVICES, INC.
	WG NIGERIA HOLDINGS LIMITED
	WG NIGERIA EQUIPMENT LIMITED
	WILLBROS (NIGERIA) LIMITED
	WILLBROS (OFFSHORE) NIGERIA LIMITED
		
	By:	 	  

		 	Gay Stanley Mayeux
		 	Authorized Representative

  

 Signature Page to Security Agreement 

			
	COLLATERAL AGENT:
	
	 CALYON NEW YORK BRANCH,
 as Collateral
Agent

		
	By:	 	  

	Name:	 	  

	Title:	 	  

		
	By:	 	  

	Name:	 	  

	Title:	 	  

  

 Signature Page to Security Agreement

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