Document:

Exhibit 4.13

 

Huiyue Financial Leasing (Ningbo) Co., Ltd.

(Hereinafter, the “Company”)

Equity Adjustment Agreement

 

	Party A:	Mercury International Financial Leasing (Tianjin) Co., Ltd.
	 	(晨星国际融资租赁(天津)有限公司)
	 	 
	Party B:	Zhongtou Jinchuang (China) Financial Holding Group Ltd.
	 	(中投金创(中国)金融控股集团有限公司)
	 	 
	Party C:	Jin Shang International Financial Leasing Co., Ltd.
	 	(晋商国际融资租赁有限公司)

 

Pursuant to the resolution of October 26,
2018 by the Company’s board, the shareholders, upon mutual consultation, have reached the agreement as follows.

 

The contents of this agreement:

 

		(1)	Agreed that the amount of the Company’s registered capital be adjusted to ¥1 billion, after the following changes:
Mercury International Financial Leasing (Tianjin) Co., Ltd. (Party A) shall contribute capital in the amount of ¥600 million,
and the method of contribution must be in currency (of which amount ¥275 million has been paid in); Zhongtou Jinchuang (China)
Financial Holding Group Ltd. (Party B) shall contribute capital in the amount of ¥250 million, and the method of contribution
must be in off-shore Renminbi; Jin Shang International Financial Leasing Co., Ltd. (Party C) shall contribute capital in the amount
of ¥150 million, and the method of contribution must be in currency. The above amounts of capital contributions by the joint-venture
parties must be fully paid in within 30 days upon the Company’s completion of change registration.

 

		(2)	After the equity adjustment described above, the contribution amount and the contribution ratio for each party is as follows:

Party A: Mercury International Financial Leasing (Tianjin)
Co., Ltd.’s amount of capital contribution in currency is ¥600 million and its ratio of contribution is 60%, accounting
for 60% of the Company’s equity;

Party B: Zhongtou Jinchuang (China) Financial Holding
Group Ltd.’s amount of capital contribution in off-shore Renminbi is ¥250 million and its ratio of contribution is 25%,
accounting for 25% of the Company’s equity;

Party C: Jin Shang International Financial Leasing
Co., Ltd.’s amount of capital contribution in currency is ¥150 million and its ratio of contribution is 15%, accounting
for 15% of the Company’s equity;

 

		(3)	Each shareholder’s rights and obligations in the Company will be changed according to the change in its equity. And each
shareholder’s rights and obligations must all be in compliance with the relevant provisions of the Corporate Law and the
Company’s By-Laws.

 

		(4)	This is the final version of the Agreement.

 

		(5)	The amendment to the By-Law shall be made.

 

(The following is the signature page; Huiyue Financial
Leasing (Ningbo) Co., Ltd.’s Equity Adjustment Agreement is attached)

 

     

     

    

 

Signature
(Seal) of All Shareholders:

 

	/seal/  	Mercury International Financial Leasing (Tianjin) Co., Ltd.
	/personal chop/	GONG Qingfan
	 	 
	/seal/  	Zhongtou Jinchuang (China) Financial Holding Group Ltd.
	/personal chop/	 GONG Qingfan
	 	 
	/seal/  	Jin Shang International Financial Leasing Co., Ltd.
	/personal chop/	MU Renhui
	 	 
	/seal/  	Huiyue Financial Leasing (Ningbo) Co., Ltd.
	/personal chop/	SUN Xuezhi

 

October
26, 2018Exhibit 10.1

 

 

 

October 30, 2018

 

 

Macquarie Infrastructure Corporation

MIC Ohana Corporation

125 West 55th Street

New York, New York 10019

Attention: Mr. Norman Brown, Lead Independent Director

 

		Re:	Limited Waiver under the MSA

 

Mr. Brown:

 

Reference is made to
the Third Amended and Restated Management Services Agreement (the “MSA”), by and among Macquarie Infrastructure
Corporation, a Delaware corporation (the “Company”), MIC Ohana Corporation, a Delaware corporation (a “Managed
Subsidiary”), and Macquarie Infrastructure Management (USA) Inc., a Delaware corporation (the “Manager”),
dated as of May 21, 2015. The Manager desires to waive its right to receive certain payments under the MSA to the extent set forth
below. Each capitalized term used but not defined herein has the meaning given to it in the MSA.

 

		1.	Solely for purposes of Section 7.2 of the MSA, in clauses (i), (ii), and (iii) of the definition
of “Base Management Fee” in Article I of the MSA, the Manager hereby waives its right to receive a “Base Management
Fee” with respect to such portion of Net Investment Value which is in excess of 0.08333% of the Net Investment Value per
calendar month. For purposes of clarity, the effect of this Limited Waiver is such that clauses, (i), (ii), and (iii) will be interpreted
to read as follows for the duration of this Limited Waiver:

 

(i)           where the Net Investment
Value is less than or equal to USD500 million, 0.08333% per calendar month of such Net Investment Value;

 

(ii)           where the Net Investment
Value is greater than USD500 million, but less than or equal to USD1,500, 0.08333% per calendar month of such Net Investment Value;

 

(iii)           where the Net Investment
Value is greater than USD1,500 million, 0.08333% per calendar month of such Net Investment Value;

 

    	 	1	 

     

    

 

		2.	Solely for purposes of Section 7.2 of the MSA, in the definition of “Net Investment Value”
in Article I of the MSA, the Manager hereby waives its right to include the amounts described in sub-sections (b) and (c) of the
definition of “Net Investment Value”. For purposes of clarity, the effect of this Limited Waiver is such that the definition
will be interpreted to read as follows for the duration of this Limited Waiver:

 

“Net Investment
Value” means:

 

(a)            the Market Value of the
shares of Company Common Stock; plus

 

(b)            [waived pursuant to the
above]; plus

 

(c)            [waived pursuant to
the above]; less

 

(d)           the aggregate amount
held by the Company and its Managed Subsidiaries in cash or cash equivalents (but not including cash or cash equivalents held specifically
for the benefit of any Subsidiary of a Managed Subsidiary).

 

		3.	For the avoidance of doubt, for purposes of the remainder of the MSA, including Article X of the
MSA, and including with respect to the effect of a Delisting Event, the calculation of the Termination Fee or the determination
of “substantially similar terms as set forth in this Agreement,” this Limited Waiver shall not apply in any respect
and any such calculation or determination shall be made without reference to the waivers set forth in this Limited Waiver.

 

This Limited Waiver
shall be effective for calculations of the Base Management Fee under Section 7.2 of the MSA for the period beginning November 1,
2018, and shall continue until the earlier to occur of: (i) the date of the termination of the MSA in accordance with its terms
or (ii) the date that is one year after the Manager provides written notice to the Company and Managed Subsidiary, at the Manager’s
sole discretion, of the Manager’s revocation of this Limited Waiver.

 

For the avoidance of
doubt, except to the extent a provision is specifically waived by this Limited Waiver, the MSA remains unchanged and in full force
and effect.

 

[Signature
Page Follows]

 

    	 	2	 

     

    
 

	 	Sincerely,
	 	 	 	 	 
	 	MACQUARIE INFRASTRUCTURE MANAGEMENT (USA) INC.
	 	 
	 	 
	 	By:	 /s/ Graeme Conway 	 
	 	 	Name:	Graeme Conway
	 	 	Title:	President

 

 

cc:           Christopher Frost, Chief
Executive Officer, Macquarie Infrastructure Corporation

 

 

ACKNOWLEDGED BY:

 

MACQUARIE
INFRASTRUCTURE CORPORATION

 

 

	By:	/s/ Christopher Frost   	 
	 	Name: Christopher Frost
	 	Title:
    Chief Executive Officer

 

 

MIC
OHANA CORPORATION

 

 

	By:	/s/ Christopher Frost	 
	 	Name: Christopher Frost
	 	Title: President

 

 

 

[Signature
Page to Limited Waiver]Exhibit 10.1

 

EXECUTION
VERSION

 

AMENDMENT NO. 1 TO AMENDED AND RESTATED CREDIT AGREEMENT

 

THIS AMENDMENT NO. 1
TO AMENDED AND RESTATED CREDIT AGREEMENT (this “Amendment”) is being executed and delivered as of September
28, 2018 (the “Closing Date”), by and among MYR Group Inc. (the “Borrower”), the Lenders
party hereto and JPMorgan Chase Bank, N.A., as administrative agent (in such capacity, the “Administrative Agent”).
All capitalized terms used herein without definition shall have the same meanings as set forth in the Credit Agreement described
below.

 

WITNESSETH:

 

WHEREAS, the Borrower,
the Lenders, and the Administrative Agent are party to that certain Amended and Restated Credit Agreement dated as of June 30,
2016 (as amended, restated, supplemented or otherwise modified from time to time, the “Credit Agreement”);

 

WHEREAS, the Borrower
has requested that the Lenders and the Administrative Agent agree to make certain modifications to the Credit Agreement; and

 

WHEREAS, the Borrower,
the Lenders and the Administrative Agent have so agreed on the terms and conditions set forth herein.

 

NOW, THEREFORE, in consideration
of the foregoing premises, the terms and conditions stated herein and other valuable consideration, the receipt and sufficiency
of which are hereby acknowledged by the parties hereto, such parties hereby agree as follows:

 

1.       Amendments
to the Credit Agreement. Effective as of the Closing Date, but subject to the satisfaction of the conditions precedent set
forth in Section 2 below, the Credit Agreement shall be amended as follows:

 

(a)     Section
1.01 of the Credit Agreement is hereby amended to amend and restate the definition of each of “Alternate Base Rate”,
“LIBO Rate” and “LIBO Screen Rate” as follows:

 

“Alternate
Base Rate” means, for any day, a rate per annum equal to (i) if the applicable Loan or Borrowing is denominated
in Dollars, the greatest of (a) the Prime Rate in effect on such day, (b) the NYFRB Rate in effect on such day plus 1⁄2
of 1% and (c) the Adjusted LIBO Rate for a one month Interest Period in Dollars on such day (or if such day is not a Business
Day, the immediately preceding Business Day) plus 1%, provided that for the purpose of this definition, the Adjusted LIBO
Rate for any day shall be based on the LIBO Screen Rate (or if the LIBO Screen Rate is not available for such one month Interest
Period, the Interpolated Rate) at approximately 11:00 a.m. London time on such day and (ii) if the applicable Loan or Borrowing
is denominated in Canadian Dollars, the Canadian Prime Rate. Any change in the Alternate Base Rate due to a change in the Prime
Rate, the Canadian Prime Rate, the NYFRB Rate or the Adjusted LIBO Rate shall be effective from and including the effective date
of such change in the Prime Rate, the Canadian Prime Rate, the NYFRB Rate or the Adjusted LIBO Rate, respectively. If the Alternate
Base Rate is being used as an alternate rate of interest for any Eurocurrency Borrowing denominated in any LIBO Quoted Currency
pursuant to Section 2.14 hereof, then the Alternate Base Rate shall be the greater of clauses (i)(a) and (i)(b) above and shall
be determined without reference to clause (i)(c) above. For the avoidance of doubt, if the Alternate Base Rate as so determined
would be less than zero, such rate shall be deemed to be zero for purposes of this Agreement.

 

     

     

    

 

“LIBO
Rate” means, with respect to (A) any Eurocurrency Borrowing denominated in any LIBO Quoted Currency and for any applicable
Interest Period, the LIBO Screen Rate at approximately 11:00 a.m., London time, on the Quotation Day for such currency and Interest
Period and (B) any Eurocurrency Borrowing in Canadian Dollars and for any applicable Interest Period, the CDOR Screen Rate for
Canadian Dollars at approximately 11:00 a.m., Toronto time on the Quotation Day for Canadian Dollars and such Interest Period;
provided that, if the LIBO Screen Rate or the CDOR Screen Rate, as applicable, shall not be available at such time for such
Interest Period (the “Impacted Interest Period”), then the LIBO Rate for such currency and such Interest Period
shall be the Interpolated Rate. It is understood and agreed that all of the terms and conditions of this definition of “LIBO
Rate” shall be subject to Section 2.14.

 

“LIBO
Screen Rate” means, for any day and time, with respect to any Eurocurrency Borrowing denominated in any LIBO Quoted Currency
and for any Interest Period, the London interbank offered rate as administered by ICE Benchmark Administration (or any other Person
that takes over the administration of such rate) for such LIBO Quoted Currency for a period equal in length to such Interest Period
as displayed on such day and time on pages LIBOR01 or LIBOR02 of the Reuters screen that displays such rate (or, in the event such
rate does not appear on a Reuters page or screen, on any successor or substitute page on such screen that displays such rate, or
on the appropriate page of such other information service that publishes such rate from time to time as selected by the Administrative
Agent in its reasonable discretion); provided that if the LIBO Screen Rate as so determined would be less than zero, such
rate shall be deemed to be zero for the purposes of this Agreement.

 

(b)           Section
2.14 of the Credit Agreement is hereby amended and restated in its entirety as follows:

 

SECTION 2.14.
Alternate Rate of Interest.

 

(a)       If
at the time that the Administrative Agent shall seek to determine the LIBO Screen Rate on the Quotation Day for any Interest Period
for a Eurocurrency Borrowing, the LIBO Screen Rate shall not be available for such Interest Period and/or for the applicable currency
with respect to such Eurocurrency Borrowing for any reason, and the Administrative Agent shall reasonably determine that it is
not possible to determine the Interpolated Rate (including, without limitation, because the LIBO Screen Rate is not available or
published on a current basis) (which conclusion shall be conclusive and binding absent manifest error), then, (i) if such
Borrowing shall be requested in Dollars or Canadian Dollars, then such Borrowing shall be made as an ABR Borrowing at the Alternate
Base Rate and (ii) if such Borrowing shall be requested in any Foreign Currency (other than Canadian Dollars), the LIBO Rate
shall be equal to the rate determined by the Administrative Agent in its reasonable discretion after consultation with the Borrower
and consented to in writing by the Required Lenders (the “Alternative Rate”); provided, however,
that until such time as the Alternative Rate shall be determined and so consented to by the Required Lenders, Borrowings shall
not be available in such Foreign Currency (other than Canadian Dollars).

 

(b)      If
prior to the commencement of any Interest Period for a Eurocurrency Borrowing:

 

(i)        the
Administrative Agent determines (which determination shall be conclusive and binding absent manifest error) that adequate and reasonable
means do not exist for ascertaining the Adjusted LIBO Rate or the LIBO Rate, as applicable (including, without limitation, because
the LIBO Screen Rate is not available or published on a current basis), for a Loan in the applicable currency or for the applicable
Interest Period; or

 

    	 	2	 

     

    

 

(ii)       the
Administrative Agent is advised by the Required Lenders that the Adjusted LIBO Rate or the LIBO Rate, as applicable, for a Loan
in the applicable currency or for the applicable Interest Period will not adequately and fairly reflect the cost to such Lenders
of making or maintaining their Loans included in such Borrowing for the applicable currency and such Interest Period;

 

then the Administrative Agent
shall give notice thereof to the Borrower and the Lenders by telephone, telecopy or electronic mail as promptly as practicable
thereafter and, until the Administrative Agent notifies the Borrower and the Lenders that the circumstances giving rise to such
notice no longer exist, (i) any Interest Election Request that requests the conversion of any Borrowing to, or continuation
of any Borrowing as, a Eurocurrency Borrowing in the applicable currency or for the applicable Interest Period, as the case may
be, shall be ineffective and any such Eurocurrency Borrowing shall be repaid or (solely if such Eurocurrency Borrowing is denominated
in Dollars) converted into an ABR Borrowing on the last day of the then current Interest Period applicable thereto, (ii) if
any Borrowing Request requests a Eurocurrency Borrowing in Dollars or Canadian Dollars, such Borrowing shall be made as an ABR
Borrowing and (iii) if any Borrowing Request requests a Eurocurrency Borrowing in a Foreign Currency (other than Canadian
Dollars), then the LIBO Rate for such Eurocurrency Borrowing shall be the Alternative Rate; provided that if the circumstances
giving rise to such notice affect only one Type of Borrowings, then the other Type of Borrowings shall be permitted.

 

(c)       If
at any time the Administrative Agent determines (which determination shall be conclusive absent manifest error) that (i)
the circumstances set forth in clause (b)(i) have arisen and such circumstances are unlikely to be temporary or (ii) the circumstances
set forth in clause (b)(i) have not arisen but either (w) the supervisor for the administrator of the LIBO Screen Rate has made
a public statement that the administrator of the LIBO Screen Rate is insolvent (and there is no successor administrator that will
continue publication of the LIBO Screen Rate), (x) the administrator of the LIBO Screen Rate has made a public statement identifying
a specific date after which the LIBO Screen Rate will permanently or indefinitely cease to be published by it (and there is no
successor administrator that will continue publication of the LIBO Screen Rate), (y) the supervisor for the administrator of the
LIBO Screen Rate has made a public statement identifying a specific date after which the LIBO Screen Rate will permanently or
indefinitely cease to be published or (z) the supervisor for the administrator of the LIBO Screen Rate or a Governmental Authority
having jurisdiction over the Administrative Agent has made a public statement identifying a specific date after which an applicable
LIBO Screen Rate for any Agreed Currency may no longer be used for determining interest rates for loans, then the Administrative
Agent and the Borrower shall (A) endeavor to establish an alternate rate of interest to the LIBO Rate for Loans denominated in
Dollars, and (B) endeavor to establish an Alternative Rate as described in clause (a) above for Loans denominated in Agreed Currencies
other than Dollars or Canadian Dollars, in each case, that gives due consideration to the then prevailing market convention for
determining a rate of interest for syndicated loans in the United States in Dollars or such Agreed Currency at such time, as applicable
and shall enter into an amendment to this Agreement to reflect such alternate rate or rates of interest and such other related
changes to this Agreement as may be applicable (but for the avoidance of doubt, such related changes shall not include a reduction
of the Applicable Rate); provided that, if such alternate rate of interest as so determined would be less than zero, such
rate shall be deemed to be zero for the purposes of this Agreement. Notwithstanding anything to the contrary in Section 9.02,
any such amendment establishing an alternate rate of interest for Loans denominated in Dollars shall become effective without
any further action or consent of any other party to this Agreement so long as the Administrative Agent shall not have received,
within five Business Days of the date of receipt by the Lenders of a draft of such amendment showing such changes and the alternate
rate or rates of interest, a written notice from the Required Lenders stating that such Required Lenders object to such amendment.
Until an alternate rate of interest or Alternate Rate, as applicable, shall be determined in accordance with this clause (c) (but,
in the case of the circumstances described in clause (ii) of the first sentence of this Section 2.14(c), only to the extent the
LIBO Screen Rate for the applicable Agreed Currency and such Interest Period is not available or published at such time on a current
basis), (x) any Interest Election Request that requests the conversion of any Borrowing to, or continuation of any Borrowing as,
a Eurocurrency Borrowing, and any Borrowing Request for a Eurocurrency Borrowing in a Foreign Currency (other than Canadian Dollars)
shall, in each case, be ineffective and any such Eurocurrency Borrowing shall be repaid or (solely if such Eurocurrency Borrowing
is denominated in Dollars or Canadian Dollars) converted into an ABR Borrowing on the last day of the then current Interest Period
applicable thereto, and (y) if any Borrowing Request requests a Eurocurrency Borrowing in Dollars or Canadian Dollars, such Borrowing
shall be made as an ABR Borrowing.

 

    	 	3	 

     

    

 

(c)     Section
5.11 of the Credit Agreement is hereby amended to insert the following new clauses (e) and (f) in appropriate alphabetical order:

 

(e)     The
Borrower will provide to the Administrative Agent, from time to time or concurrently with the delivery of the certificate of a
Financial Officer of the Borrower as required by Section 5.01(c), an updated version of Schedule 3.14 (provided that if
there have been no changes to Schedule 3.14 since the previous updating thereof required hereby, such updated version shall
not be required). For the avoidance of doubt, such updated Schedule 3.14 shall not be understood to permit any action prohibited
hereunder or constitute a waiver of any provision contained herein.

 

(f)      The
Borrower will provide to the Administrative Agent, concurrently with the delivery of an executed supplement to the Security Agreement
by any new grantor thereunder, a supplement to Schedule 3.15 reflecting the financing statement(s) naming such new grantor
as debtor prepared for filing in connection therewith. For the avoidance of doubt, such supplement to Schedule 3.15 shall
not be understood to permit any action prohibited hereunder or constitute a waiver of any provision contained herein.

 

(d)     Section
6.01 of the Credit Agreement is hereby amended to amend and restate clause (e) thereof in its entirety as follows:

 

(e)     Indebtedness
of the Borrower or any Subsidiary incurred to finance the acquisition, construction, improvement, alteration or repair of any fixed
or capital assets (whether or not constituting purchase money Indebtedness), including Capital Lease Obligations and any Indebtedness
assumed in connection with the acquisition of any such assets or secured by a Lien on any such assets prior to the acquisition
thereof, and extensions, renewals and replacements of any such Indebtedness that do not increase the outstanding principal amount
thereof; provided that (i) such Indebtedness is incurred (A) prior to or within 90 days after such acquisition or the completion
of such construction, improvement, alteration or repair or (B) between October 1, 2017 and December 31, 2018 and (ii) the aggregate
principal amount of Indebtedness permitted by this clause (e) shall not exceed $60,000,000 at any time outstanding;

 

    	 	4	 

     

    

 

(e)     Section 6.02
of the Credit Agreement is hereby amended to amend and restate clause (a) thereof in its entirety as follows:

 

(a)     Liens
on assets acquired, constructed, improved, altered or repaired by the Borrower or any Subsidiary; provided that (i) such security
interests secure Indebtedness permitted by clause (e) of Section 6.01, (ii) such security interests and the Indebtedness secured
thereby are incurred (A) prior to or within 90 days after such acquisition or the completion of such construction, improvement,
alteration or repair or (B) between October 1, 2017 and December 31, 2018, (iii) the principal amount of the Indebtedness
secured thereby does not exceed the cost of acquiring, constructing, improving, altering or repairing such assets and (iv) such
security interests shall not apply to any other property or assets of the Borrower or Subsidiary (other than, in respect of any
lease, under any one or more master lease agreements with same lessor or an Affiliate thereof).

 

(f)     Section
9.02(b) of the Credit Agreement is hereby amended by inserting the phrase “and subject to Section 2.14(c), Section 9.02(c)
and Section 9.02(f)” immediately after the phrase “Except as provided in Section 2.04 with respect to an Incremental
Term Loan Amendment” in the first sentence thereof.

 

(g)     The
Letter of Credit Commitment Schedule to the Credit Agreement is hereby amended to amend and restate the grid set forth thereon
in its entirety as follows:

 

	Issuing Bank	Letter of Credit Commitment

                                                                                

	JPMorgan Chase Bank, N.A.	$62,750,000
	Bank of America, N.A.	$62,750,000
	BMO Harris Bank, N.A.	$24,500,000

 

(h)     Schedule
3.14 to the Credit Agreement is hereby amended and restated in its entirety in the form attached hereto as Exhibit A.

 

2.      Conditions
to Effectiveness. This Amendment shall be deemed to have become effective as of the Closing Date, but such effectiveness shall
be subject to the following conditions precedent:

 

(a)     the
Administrative Agent shall have received executed counterparts of (i) this Amendment duly executed and delivered by the Borrower,
the Administrative Agent and the Lenders required to give consent thereto and (ii) the Consent and Reaffirmation attached hereto
as Annex I duly executed by each Subsidiary Guarantor (the “Reaffirmation”);

 

(b)     the
Administrative Agent shall have received such other documents, instruments and agreements as the Administrative Agent may reasonably
request; and

 

(c)     the
Administrative Agent shall have received all fees and expenses due and payable on or prior to the date hereof in connection with
this Amendment.

 

3.       Representation
and Warranties. The Borrower hereby represents and warrants that (i) this Amendment and the Credit Agreement, as amended hereby,
constitute its legal, valid and binding obligation and are enforceable against it in accordance with their respective terms, subject
to applicable bankruptcy, insolvency, reorganization, moratorium or other laws affecting creditors’ rights generally and
subject to general principles of equity, regardless of whether considered in a proceeding in equity or at law; (ii) all of
the representations and warranties of the Borrower set forth in the Credit Agreement, as amended hereby, and the other Loan Documents
are true and correct in all material respects on and as of the date hereof (except to the extent such representations or warranties
specifically relate to any earlier date, in which case such representations and warranties shall have been true and correct in
all material respects as of such earlier date) and (iii) no Default or Event of Default under the Credit Agreement, as amended
hereby, has occurred and is continuing on and as of the date hereof.

 

    	 	5	 

     

    

 

4.       Effect on the
Credit Agreement.

 

(a)     Upon
the effectiveness of this Amendment, on and after the date hereof, each reference in the Credit Agreement to “this Agreement,”
“hereunder,” “hereof,” “herein” or words of like import shall mean and be a reference to the
Credit Agreement, as amended and modified hereby.

 

(b)     Except
as specifically amended above, the Credit Agreement, the other Loan Documents and all other documents, instruments and agreements
executed and/or delivered in connection therewith, shall remain in full force and effect, and are hereby ratified and confirmed.

 

(c)     The
execution, delivery and effectiveness of this Amendment shall neither operate as a waiver of any rights, power or remedy of the
Administrative Agent or the Lenders under the Credit Agreement or any other Loan Document, nor constitute a waiver of any provision
of the Credit Agreement or any other document executed in connection therewith.

 

5.       GOVERNING
LAW. This Amendment shall be shall be governed by and construed in accordance with
the laws of the State of New York, but giving effect to federal laws applicable to national banks.

 

6.       Costs
and Expenses. The Borrower agrees to pay all reasonable and documented out-of-pocket expenses incurred by the Administrative
Agent, including the reasonable fees, charges and disbursements of counsel for the Administrative Agent, in connection with the
preparation, negotiation and execution of this Amendment.

 

7.       Headings.
Section headings in this Amendment are included herein for convenience of reference only and shall not constitute a part of this
Amendment for any other purpose.

 

8.       Counterparts.
This Amendment may be executed by one or more of the parties on any number of separate counterparts and all of said counterparts
taken together shall be deemed to constitute one and the same instrument. A facsimile copy or other electronic image (e.g., “PDF”
or “TIF” via electronic mail) of any signature hereto shall have the same effect as the original thereof.

 

9.       Loan
Document. The Borrower hereby agrees that this Amendment and the Reaffirmation shall constitute Loan Documents for purposes
of the Credit Agreement and the other Loan Documents.

 

[Signature Pages Follow]

 

    	 	6	 

     

    

 

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

 

	 	MYR GROUP INC., as the Borrower
	 	 
	 	By	/s/ Betty R. Johnson
	 	 	 
	 	 	Name: Betty R. Johnson
	 	 	 
	 	 	Title: Senior Vice President, Chief Financial Officer and Treasurer

 

Signature Page to Amendment No. 1 to Amended
and Restated Credit Agreement

MYR Group Inc.

 

     

     

    

 

	 	JPMORGAN CHASE BANK, N.A., individually as a 

Lender, as an Issuing Bank and as Administrative Agent
	 	 
	 	By	/s/ Christopher L Collins

	 	 	 
	 	 	Name: Christopher L Collins
	 	 	 
	 	 	Title: Authorized Officer

 

	 	JPMORGAN CHASE BANK, N.A. (TORONTO 

BRANCH), as a Lender
	 	 
	 	By	/s/ Christopher L Collins
	 	 	 
	 	 	Name: Christopher L Collins
	 	 	 
	 	 	Title: Authorized Officer

 

Signature Page to Amendment No. 1 to Amended
and Restated Credit Agreement

MYR Group Inc.

 

     

     

    

 

	 	BANK OF AMERICA, N.A., individually as a 

Lender, as an Issuing Bank and as Syndication Agent
	 	 
	 	By	/s/ Steven K. Kessler
	 	 	 
	 	 	Name: Steven K. Kessler
	 	 	 
	 	 	Title: Senior Vice President
	 	 
	 	Bank of America, National Association 

(Canada Branch), as a Lender
	 	 
	 	By	/s/ Medina Sales de Andrade
	 	 	 
	 	 	Name: Medina Sales de Andrade
	 	 	 
	 	 	Title: Vice President

 

Signature Page to Amendment No. 1 to Amended
and Restated Credit Agreement

MYR Group Inc.

 

     

     

    

 

	 	BMO Harris Bank N.A., individually as a Lender 

and as an Issuing Bank
	 	 
	 	By	/s/ Michael Gift
	 	 	 
	 	 	Name: Michael Gift
	 	 	 
	 	 	Title: Director
	 	 
	 	BANK OF MONTREAL, as a Lender
	 	 
	 	By	/s/ Helen Alvarez-Hernandez
	 	 	 
	 	 	Name: Helen Alvarez-Hernandez
	 	 	 
	 	 	Title: Managing Director

 

Signature Page to Amendment No. 1 to Amended
and Restated Credit Agreement

MYR Group Inc.

 

     

     

    

 

	 	PNC Bank, National Association, as a Lender
	 	 
	 	By	/s/ Kristin Lenda
	 	 	 
	 	 	Name: Kristin Lenda
	 	 	 
	 	 	Title: Senior Vice President

 

Signature Page to Amendment No. 1 to Amended
and Restated Credit Agreement

MYR Group Inc.

 

     

     

    

 

	 	WELLS FARGO Bank, National 

Association, as a Lender
	 	 
	 	By	/s/ Benjamin Livermore
	 	 	 
	 	 	Name: Benjamin Livermore
	 	 	 
	 	 	Title: Vice President

 

Signature Page to Amendment No. 1 to Amended
and Restated Credit Agreement

MYR Group Inc.

 

     

     

    

 

Exhibit A

 

Revised Schedule 3.14

 

[Attached]

 

     

     

    

 

Schedule 3.14 - Capitalization and Subsidiaries

 

	(a)	Borrower’s Subsidiaries
	 	 
	 	Name
	 	 
	 	The L. E. Myers Co.
	 	 
	 	Harlan Electric Company
	 	 
	 	Sturgeon Electric Company, Inc.
	 	 
	 	Great Southwestern Construction, Inc.
	 	 
	 	MYR Transmission Services, Inc.
	 	 
	 	E. S. Boulos Company
	 	 
	 	MYR Equipment, LLC
	 	 
	 	MYR Real Estate Holdings, LLC
	 	 
	 	High Country Line Construction, Inc.
	 	 
	 	GSW Integrated Services, LLC
	 	 
	 	Sturgeon Electric California, LLC
	 	 
	 	Sturgeon Transmission Services, LLC
	 	 
	 	MYR Real Estate Holdings Alaska, LLC
	 	 
	 	MYR Group Construction Canada, Ltd.
	 	 
	 	Northern Transmission Services, Ltd.
	 	 
	 	MYR Transmission Services Canada, Ltd.
	 	 
	 	Huen Electric, Inc.

 

	(b)	Borrower’s Equity Interest	 	 	 	 
	 	 	 	 	 	 
	 	Authorized Shares	 	Shares Issued	 	Stock Ownership
	 	 	 	 	 	 
	 	4,000,000 preferred shares ($0.01 par value)	 	None	 	 
	 	 	 	 	 	 
	 	100,000,000 common shares ($0.01 par value)	 	18,878,060 issued and 19,969,347 outstanding	 	418,581 - Management and Director Ownership

 

     

     

    

 

	(c)	Type of Entity	 	 
	 	 	 	 
	 	Name	 	Type of Entity
	 	MYR Group Inc.	 	Delaware Corporation
	 	The L. E. Myers Co.	 	Delaware Corporation
	 	Harlan Electric Company	 	Michigan Corporation 
	 	Sturgeon Electric Company, Inc.	 	Michigan Corporation 
	 	Great Southwestern Construction, Inc.	 	Colorado Corporation 
	 	MYR Transmission Services, Inc.	 	Delaware Corporation
	 	E.S. Boulos Company	 	Delaware Corporation
	 	MYR Equipment, LLC	 	Delaware Limited Liability Company 
	 	MYR Real Estate Holdings, LLC	 	Delaware Limited Liability Company 
	 	High Country Line Construction, Inc.	 	Nevada Corporation 
	 	GSW Integrated Services, LLC	 	Delaware Limited Liability Company 
	 	Sturgeon Electric California, LLC	 	Delaware Limited Liability Company 
	 	Sturgeon Transmission Services, LLC	 	Delaware Limited Liability Company 
	 	MYR Real Estate Holdings Alaska, LLC 	 	Delaware Limited Liability Company
	 	MYR Group Construction Canada, Ltd. 	 	British Columbia, Canada Limited Company
	 	Northern Transmission Services, Ltd.	 	British Columbia, Canada Limited Company 
	 	MYR Transmission Services Canada, Ltd.	 	British Columbia, Canada Limited Company
	 	Huen Electric, Inc.	 	Delaware Corporation

 

     

     

    

 

Annex I

 

CONSENT AND REAFFIRMATION

 

Each of the undersigned
hereby acknowledges receipt of a copy of the foregoing Amendment No. 1 to the Amended and Restated Credit Agreement dated
as of June 30, 2016 (as amended, restated, supplemented or otherwise modified, the “Credit Agreement”), by and
among MYR Group Inc. (the “Borrower”), the financial institutions from time to time party thereto (the “Lenders”)
and JPMorgan Chase Bank, N.A., as Administrative Agent for the Lenders (the “Administrative Agent”), which Amendment
No. 1 is dated as of September 28, 2018 (the “Amendment”). Capitalized terms used in this Consent and Reaffirmation
and not defined herein shall have the meanings given to them in the Credit Agreement. Without in any way establishing a course
of dealing by the Lender, the undersigned (i) consents to the Amendment, (ii) reaffirms its obligations under the Subsidiary
Guaranty, the Security Agreement and each and every other Loan Document to which it is a party and (iii) reaffirms all Liens
on the Collateral which have been granted by it in favor of the Administrative Agent (for itself and the other Holders of the Secured
Obligations) pursuant to any of the Loan Documents, and all filings made with a Governmental Authority in connection therewith,
and acknowledges and agrees that such Credit Agreement and each and every such Loan Document executed by the undersigned in connection
with the Credit Agreement remains in full force and effect and is hereby reaffirmed, ratified and confirmed. All references to
the Credit Agreement contained in the above-referenced documents shall be a reference to the Credit Agreement as so modified by
the Amendment.

 

Dated: September 28, 2018

 

[Signature
Page Follows]

 

     

     

    

 

	HUEN ELECTRIC, INC.	 	GSW INTEGRATED SERVICES, LLC
	 	 	 
	By:	/s/ Jennifer Harper	 	By:	/s/ Brandon Lark
	Name: Jennifer Harper	 	Name: Brandon Lark
	Title: Treasurer	 	Title: President
	 	 	 
	THE L.E. MYERS CO.	 	STURGEON ELECTRIC CALIFORNIA, LLC
	 	 	 	 	 
	By:	/s/ Jennifer Harper	 	By:	/s/ Mindie McIff
	Name: Jennifer Harper	 	Name: Mindie McIff
	Title: Treasurer	 	Title: President
	 	 	 
	HARLAN ELECTRIC COMPANY	 	STURGEON ELECTRIC COMPANY, INC.
	 	 	 	 	 
	By:	/s/ Jennifer Harper	 	By:	/s/ Jennifer Harper
	Name: Jennifer Harper	 	Name: Jennifer Harper
	Title: Treasurer	 	Title: Treasurer
	 	 	 
	GREAT SOUTHWESTERN CONSTRUCTION, INC.	 	MYR TRANSMISSION SERVICES, INC.
	 	 	 	 	 
	By:	/s/ Brad Munden	 	By:	/s/ Brad Munden
	Name: Brad Munden	 	Name: Brad Munden
	Title: Secretary & Treasurer	 	Title: Vice President, Secretary & Treasurer
	 	 	 
	E.S. BOULOS COMPANY	 	MYR REAL ESTATE HOLDINGS, LLC
	 	 	 	 	 
	By:	/s/ Jennifer Harper	 	By:	/s/ Michael Orndahl
	Name: Jennifer Harper	 	Name: Michael Orndahl
	Title: Treasurer	 	Title: Vice President, Secretary & Treasurer
	 	 	 
	MYR EQUIPMENT, LLC	 	HIGH COUNTRY LINE CONSTRUCTION, INC.
	 	 	 	 	 
	By:	/s/ Mark Enos	 	By:	/s/ Jennifer Harper
	Name: Mark Enos	 	Name: Jennifer Harper
	Title: Chief Executive Officer & President	 	Title: Treasurer

 

Signature Page to Consent and Reaffirmation
to

Amendment No. 1 to Amended and Restated
Credit Agreement

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