Document:

Exhibit

SECOND AMENDMENT 
 
TO 
 
CREDIT AGREEMENT
dated as of August 27, 2015 
 
among 
 
NOBLE ENERGY, INC., 
as the Borrower, 
 
NBL INTERNATIONAL FINANCE B.V., 
as a Foreign Borrower, 
 
JPMORGAN CHASE BANK, N.A., 
as the Administrative Agent for the Lenders, 
 
and 
 
THE LENDERS PARTY HERETO

J.P. MORGAN SECURITIES LLC, 
CITIGROUP GLOBAL MARKETS INC., 
MERRILL LYNCH, PIERCE, FENNER & SMITH INCORPORATED, 
BANK OF TOKYO-MITSUBISHI UFJ, LTD. 
MIZUHO BANK, LTD. and DNB MARKETS, INC.
as Joint Lead Arrangers and Joint Bookrunners

CITIBANK N.A., 
as the Syndication Agent for the Lenders, 
 
BANK OF AMERICA, N.A., 
BANK OF TOKYO-MITSUBISHI UFJ, LTD. 
MIZUHO BANK, LTD. 
 
and 
 
DNB BANK ASA, NEW YORK BRANCH 
as the Documentation Agents for the Lenders

        

SECOND AMENDMENT TO 
CREDIT AGREEMENT
THIS SECOND AMENDMENT TO CREDIT AGREEMENT (this “Second Amendment”) dated as of August 27, 2015 is among NOBLE ENERGY, INC., a corporation duly formed and existing under the laws of the State of Delaware (the “Borrower”), NBL INTERNATIONAL FINANCE B.V., a corporation incorporated under the laws of the Kingdom of the Netherlands (the “Foreign Borrower”), each of the lenders party to the Credit Agreement referred to below (collectively, the “Lenders”), and JPMORGAN CHASE BANK, N.A., as administrative agent for the Lenders (in such capacity, together with its successors in such capacity, the “Administrative Agent”).
R E C I T A L S
A.    The Borrower, the Administrative Agent, the Syndication Agent, the Documentation Agents and the Lenders are parties to that certain Credit Agreement dated as of October 14, 2011 (as increased by the Commitment Increase Agreements each dated as of September 28, 2012, and as amended by the First Amendment to Credit Agreement, dated as of October 3, 2013, the “Credit Agreement”), pursuant to which the Lenders have made certain credit available to and on behalf of the Borrower. 
B.    The Borrower has requested and the Administrative Agent and the Lenders have agreed to make certain changes to the Credit Agreement.
C.    NOW, THEREFORE, to induce the Administrative Agent and the Lenders party hereto to enter into this Second Amendment and in consideration of the premises and the mutual covenants herein contained, for good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, the parties hereto agree as follows:
Section 1.Defined Terms.  Each capitalized term used herein but not otherwise defined herein has the meaning given such term in the Credit Agreement, as amended by this Second Amendment.  Unless otherwise indicated, all section references in this Second Amendment refer to sections of the Credit Agreement.  Upon and after the execution of this Second Amendment by each of the parties hereto, each reference in the Credit Agreement to “this Agreement”, “hereunder”, “hereof” or words of like import referring to the Credit Agreement, and each reference in the other Loan Documents to “the Credit Agreement”, “thereunder”, “thereof” or words of like import referring to the Credit Agreement, shall mean and be a reference to the Credit Agreement as modified hereby. 
Section 2.    Amendments to Credit Agreement.
2.1    Amendments to Definitions.
2.1.1    The following definition of “Anti-Corruption Laws” is hereby added where alphabetically appropriate:
“Anti-Corruption Laws” means all laws, rules, and regulations of any jurisdiction applicable to the Borrower or any of its Subsidiaries from time to time concerning bribery or corruption.
2.1.2    The definition of “Applicable Facility Fee Rate” is hereby amended to replace the table in such definition with the following table:

        

	
		
	Applicable Rating Level
	Applicable Facility Fee Rate

	Level I
	10.0

	Level II
	12.5

	Level III
	17.5

	Level IV
	20.0

	Level V
	25.0

2.1.3    The definition of “Applicable Margin” is hereby amended to replace the table in such definition with the following table:
	
			
	Applicable Rating Level
	Applicable Eurodollar Margin
	Applicable Base Rate Loan Margin

	Level I
	90.0
	0.0

	Level II
	100.0
	0.0

	Level III
	107.5
	7.5

	Level IV
	130.0
	30.0

	Level V
	150.0
	50.0

2.1.4    The following definition of “ASC Topic 815” is hereby added where alphabetically appropriate:
“ASC Topic 815” means FASB Accounting Standards Codification Topic 815 (formerly FAS 133) entitled “Derivatives and Hedging” issued by the Financial Accounting Standards Board in March of 2008, as amended from time to time.
2.1.5    The definition of “Commitment Amount” is hereby amended to replace the value “$3,000,000,000” with the value “$4,000,000,000”.
2.1.6    The definition of “Consolidated Net Tangible Assets” is hereby amended and restated in its entirety as follows:
“Consolidated Net Tangible Assets” means the total assets of the Borrower and its Subsidiaries (other than any Exempted Subsidiary) as of the most recent Fiscal Quarter end for which a consolidated balance sheet of the Borrower and its Subsidiaries is available, minus all current liabilities (excluding the current portion of any long-term debt) of the Borrower and its Subsidiaries (other than any Exempted Subsidiary)  reflected on such balance sheet, minus total goodwill and other intangible assets of the Borrower and its Subsidiaries (other than any Exempted Subsidiary) reflected on such balance sheet, and minus any Project Assets of the Borrower and its Subsidiaries reflected on such balance sheet, all calculated on a consolidated basis in accordance with GAAP.
2.1.7    The definition of “Debt” is hereby amended and restated in its entirety as follows:
“Debt” means the consolidated Indebtedness of the Borrower and its Subsidiaries; provided, that Debt shall not include any Exempted Subsidiary Indebtedness; provided, further, that if any Indebtedness of an Exempted Subsidiary has recourse to the Borrower or a Subsidiary that is not an Exempted Subsidiary or their respective assets (in each case, other than recourse in respect of Project Assets), then the limit of such recourse (or all of the Indebtedness if unlimited recourse) and, in the 

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case of recourse to assets, the book value of such assets, shall be treated as Debt of the Borrower or such Subsidiary, as applicable.
2.1.8    The final proviso of the definition of “Defaulting Lender” is hereby amended and restated in its entirety as follows:
provided that a Lender shall not be a “Defaulting Lender” (A) solely by reason of events relating to a parent company of such Lender or solely because a governmental authority has been appointed as receiver, conservator, trustee or custodian for such Lender, in each case as described in clause (e) above, so long as the Administrative Agent, in its reasonable discretion, is satisfied that such Lender will continue to perform its funding obligations hereunder or (B) solely by reason of the ownership or control by a governmental authority of such Lender or a direct or indirect parent company of such Lender so long as such ownership interest does not result in or provide such Lender with immunity from the jurisdiction of courts within the United States or from the enforcement of judgments or writs of attachment (except for Export Development Canada) on its assets or permit such Lender (or such governmental authority) to reject, repudiate, disavow or disaffirm any contracts or agreements made with such Lender.
2.1.9    The definition of “Eurodollar Rate” is hereby amended and restated in its entirety as follows:
“Eurodollar Rate” means, with respect to any Eurodollar Borrowing and relative to any Interest Period for Eurodollar Loans, the London interbank offered rate as administered by ICE Benchmark Administration (or any other Person that takes over the administration of such rate for U.S. Dollars for a period equal in length to such Interest Period) as displayed 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 as selected by the Administrative Agent in its reasonable discretion that publishes such rate from time to time as an authorized information vendor for the purpose of displaying such rates; in each case the “LIBO Screen Rate”) at approximately 11:00 a.m., London time, two Business Days prior to the commencement of such Interest Period; provided that if the LIBO Screen Rate shall be less than zero, such rate shall be deemed to be zero for the purposes of this Agreement; provided further that if the LIBO Screen Rate shall not be available at such time for such Interest Period (an “Impacted Interest Period”) with respect to U.S. Dollars then the Eurodollar Rate shall be the Interpolated Rate; provided that if any Interpolated Rate shall be less than zero, such rate shall be deemed to be zero for purposes of this Agreement.
2.1.10    The following definition of “Exempted Subsidiary” is hereby added where alphabetically appropriate:
“Exempted Subsidiary” means a Subsidiary that both (a) is designated by the Borrower as an “Exempted Subsidiary” by written notice to the Administrative Agent and (b) whose assets consist principally of assets related to the Project or equity interests of another Exempted Subsidiary.
2.1.11    The following definition of “Exempted Subsidiary Indebtedness” is hereby added where alphabetically appropriate:

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“Exempted Subsidiary Indebtedness” means Indebtedness of Exempted Subsidiaries to the extent such Indebtedness does not have recourse to the Borrower, any Subsidiary that is not an Exempted Subsidiary, or any of their respective assets (in each case, other than recourse in respect of Project Assets).
2.1.12    The definition of “FAS 133” is hereby deleted.
2.1.13    The definition of “FATCA” is hereby amended and restated in its entirety as follows:
“FATCA” means Sections 1471 through 1474 of the Internal Revenue Code, as of the date of this Agreement (or any amended or successor version that is substantively comparable and not materially more onerous to comply with), any current or future regulations or official interpretations thereof, any agreement entered into pursuant to Section 1471(b)(1) of the Code and any intergovernmental agreement entered into in connection with the implementation of the foregoing.
2.1.14    The definition of “Federal Funds Rate” is hereby amended and restated in its entirety as follows:
“Federal Funds Rate” means, for any day, the weighted average (rounded upwards, if necessary, to the next 1/100 of 1%) of the rates on overnight Federal funds transactions with members of the Federal Reserve System arranged by Federal funds brokers, as published on the next succeeding Business Day by the Federal Reserve Bank of New York, or, if such rate is not so published for any day that is a Business Day, the average (rounded upwards, if necessary, to the next 1/100 of 1%) of the quotations for such day for such transactions received by the Administrative Agent from three Federal funds brokers of recognized standing selected by it; provided, that, if the Federal Funds Rate shall be less than zero, such rate shall be deemed to be zero for purposes of this Agreement.
2.1.15    The definition of “Funded Indebtedness” is hereby deleted.
2.1.16    The following definition of “Impacted Interest Period” is hereby added where alphabetically appropriate:
“Impacted Interest Period” has the meaning assigned to it in the definition of “Eurodollar Rate.”
2.1.17    Clause (e) of the definition of “Indebtedness” is hereby amended and restated as follows:
(e)    Indebtedness of others of the type described in clauses (a), (b), (c) or (d) above secured by a Lien on property owned or being purchased by such Person (including indebtedness arising under conditional sales or other title retention agreements), whether or not such Indebtedness shall have been assumed by such Person or is limited in recourse (such Indebtedness being the lesser of (i) the value of such property on the books of such Person or (ii) the outstanding principal amount of such Indebtedness);
2.1.18    The definition of “Interest Period” is hereby amended and restated in its entirety as follows:
“Interest Period” means, with respect to Eurodollar Borrowings, the period beginning on (and including) the date on which such Eurodollar Borrowing is made or continued as, or converted 

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into, a Eurodollar Borrowing pursuant to Section 2.5 or 2.6 and shall end on (but exclude) the day which numerically corresponds to such date one, two, three, six or twelve months or one week thereafter (or, if such month has no numerically corresponding day, on the last Business Day of such month), or such other time period acceptable to each Lender, in each case, as the Borrower may select in its relevant notice pursuant to Section 2.5, provided, however, that (a) the Borrower shall not be permitted to select Interest Periods to be in effect at any one time which have expiration dates occurring on more than ten different dates; (b) if such Interest Period would otherwise end on a day which is not a Business Day, such Interest Period shall end on the next following Business Day (unless, if such Interest Period applies to Eurodollar Loans, such next following Business Day is the first Business Day of a calendar month, in which case such Interest Period shall end on the Business Day next preceding such numerically corresponding day); and (c) no Interest Period may end later than the Maturity Date.
2.1.19    The following definition of “Interpolated Rate” is hereby added where alphabetically appropriate:
“Interpolated Rate” means, at any time, for any Interest Period, the rate per annum (rounded to the same number of decimal places as the LIBO Screen Rate) determined by the Administrative Agent (which determination shall be conclusive and binding absent manifest error) to be equal to the rate that results from interpolating on a linear basis between: (a) the LIBO Screen Rate for the longest period for which the LIBO Screen Rate is available) that is shorter than the Impacted Interest Period; and (b) the LIBO Screen Rate for the shortest period (for which that LIBO Screen Rate is available) that exceeds the Impacted Interest Period, in each case, at such time.
2.1.20    The definition of “Issuing Bank” is hereby amended and restated in its entirety as follows:
“Issuing Bank” means (a) each of JPMCB, Citibank, N.A., Bank of America, N.A., Bank of Tokyo-Mitsubishi UFJ, Ltd., Mizuho Bank, Ltd. and DNB Bank ASA, New York Branch, in its capacity as the issuer of Letters of Credit hereunder, and their respective successors in such capacity as provided in Section 2.11(i), as well as (b) any other Lender that, at the request of the Borrower and with the consent of the Administrative Agent, agrees, in such Lender’s discretion, to become an Issuing Bank for purposes of issuing Letters of Credit pursuant to Section 2.11; provided that the Issuing Banks shall at no time be requested or otherwise required to issue Letters of Credit with an aggregate LC Exposure in excess of $500,000,000.  An Issuing Bank may, with the prior written consent of the Borrower (such consent not to be unreasonably withheld, conditioned or delayed), arrange for one or more Letters of Credit to be issued by Affiliates of such Issuing Bank, in which case the term “Issuing Bank” shall include any such Affiliate with respect to Letters of Credit issued by such Affiliate.  Each reference herein to the “Issuing Bank” shall be deemed to be a reference to the relevant Issuing Bank.
2.1.21    The following definition of “LC Commitment” is hereby added where alphabetically appropriate:
“LC Commitment” means, with respect to each Issuing Bank, the obligation of such Issuing Bank to issue Letters of Credit pursuant to Section 2.11 of this Agreement, initially in the amount set forth opposite such Issuing Bank’s name on Schedule IIB (as may be amended from time to time by the Administrative Agent, the Borrower and such Issuing Bank).

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2.1.22    The following definition of “LIBO Screen Rate” is hereby added where alphabetically appropriate:
“LIBO Screen Rate” has the meaning assigned to it in the definition of “Eurodollar Rate.”
2.1.23    The definition of “Material Subsidiary” is hereby amended and restated in its entirety as follows:
“Material Subsidiary” means each Subsidiary of the Borrower now existing or hereafter acquired or formed by the Borrower that (a) on a consolidated basis for such Subsidiary and its Subsidiaries, as of the last day of any Fiscal Quarter, was the owner of more than five percent (5%) of the Consolidated Net Tangible Assets of the Borrower and its Subsidiaries or (b) is a Foreign Borrower; provided that no Exempted Subsidiary shall be deemed to be a Material Subsidiary.
2.1.24    Clause (a) of the definition of “Maturity Date” is hereby amended and restated to read as follows:
(a)    August 27, 2020, and for any Lender agreeing to extend its Maturity Date pursuant to Section 2.10, the date on August 27, in each year thereafter pursuant to which the Maturity Date of such Lender has been extended; 
2.1.25    The following definition of “Project” is hereby added where alphabetically appropriate:
“Project” means a project constituting and/or directly related to oil, gas and energy exploration, development and/or production in the eastern Mediterranean Sea and such infrastructure, transportation, processing, marketing and/or other handling activities as may be incidental or related thereto.
2.1.26    The following definition of “Project Assets” is hereby added where alphabetically appropriate.
“Project Assets” means (a) the assets of each Exempted Subsidiary (including equity interests of another Exempted Subsidiary) and (b) any assets of the Borrower and its Subsidiaries to the extent directly related to the Project (including equity interests in Exempted Subsidiaries but excluding any physical assets not located in the geographic vicinity of the eastern Mediterranean Sea) at any time directly or indirectly made subject to a Lien in favor of any Person as collateral security for Indebtedness of an Exempted Subsidiary.
2.1.27    The following definition of “Sanctioned Country” is hereby added where alphabetically appropriate:
“Sanctioned Country” means, at any time, a country, region or territory which is itself the subject or target of any Sanctions (at the time of this Agreement, Crimea, Cuba, Iran, North Korea, Sudan and Syria).
2.1.28    The following definition of “Sanctioned Person” is hereby added where alphabetically appropriate:

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“Sanctioned Person” means, at any time, (a) any Person listed in any Sanctions-related list of designated Persons maintained by the Office of Foreign Assets Control of the U.S. Department of the Treasury, the U.S. Department of State, or by the United Nations Security Council, Canada, the European Union or any European Union member state, (b) any Person operating, organized or resident in a Sanctioned Country or (c) any Person that the Borrower knows is owned 50 percent or more by any such Person or Persons described in the foregoing clauses (a) or (b).
2.1.29    The following definition of “Sanctions” is hereby added where alphabetically appropriate:
“Sanctions” means economic or financial sanctions or trade embargoes imposed, administered or enforced from time to time by (a) the U.S. government, including those administered by the Office of Foreign Assets Control of the U.S. Department of the Treasury or the U.S. Department of State, or (b) the United Nations Security Council, Canada, the European Union, any European Union member state or Her Majesty’s Treasury of the United Kingdom.
2.1.30    The following definition of “Second Amendment” is hereby added where alphabetically appropriate:
“Second Amendment” means that certain Second Amendment to Credit Agreement, dated as of August 27, 2015, among the Borrower, the Foreign Borrower party thereto, the Administrative Agent and the Lenders party thereto.

2.1.31    The definition of “Stockholders’ Equity” is hereby amended and restated in its entirety as follows:
“Stockholders’ Equity” means, as of the time for which any determination thereof is to be made, (a) shareholders’ equity of the Borrower and its consolidated Subsidiaries (excluding any shareholders’ equity attributable to Exempted Subsidiaries) determined in accordance with GAAP, plus (b) the absolute cumulative amount by which such shareholders’ equity shall have been reduced by reason of non-cash write downs of oil and gas assets (i) in the amount included in Exhibit A of the compliance certificate delivered by the Borrower for the quarter ending June 30, 2015 (for the avoidance of doubt, not to exceed the amount specified on Annex A to the Second Amendment) and (ii) from time to time after June 30, 2015 and (c) either plus the amount by which such shareholders’ equity shall have been reduced by reason of any non-cash loss or minus the amount by which such shareholders’ equity shall have been increased by reason of any non-cash gain, in either case from changes in mark-to-market value of hedges, net of tax, resulting from the requirements of ASC Topic 815.
2.1.32    The following definition of “Swingline Commitment” is hereby added where alphabetically appropriate:
“Swingline Commitment” means, with respect to each Swingline Lender, the obligation of such Swingline Lender to make Swingline Loans pursuant to Section 2.1.2 of this Agreement, initially in the amount set forth opposite such Swingline Lender’s name on Schedule IIA (as may be amended from time to time by the Administrative Agent, the Borrower and such Swingline Lender).
2.1.33    The definition of “Swingline Lender” is hereby amended and restated in its entirety as follows:

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“Swingline Lenders” means (a) JPMCB, Citibank, N.A. and Bank of America, N.A., each in its capacity as lender of Swingline Loans hereunder, and (b) any other Lender that, at the request of the Borrower and with the consent of the Administrative Agent, agrees, in such Lender’s discretion, to become a Swingline Lender for purposes of making Swingline Loans pursuant to Section 2.1.2.
2.2    Amendments to Article II.
2.2.1    Section 2.1.2 is hereby amended and restated in its entirety as follows:
SECTION 2.1.2  Swingline Loans.  Subject to the terms and conditions set forth herein, from time to time during the Availability Period,  each Swingline Lender severally agrees to make Swingline Loans to the Borrower in an aggregate principal amount at any time outstanding that will not result in (i) the aggregate principal amount of outstanding Swingline Loans made by such Swingline Lender exceeding such Swingline Lender’s Swingline Commitment,  (ii) such Swingline Lender’s Revolving Credit Exposure  exceeding its Commitment, or (iii) the sum of the total Revolving Credit Exposure exceeding the total Commitments; provided that no Swingline Lender shall be required to make a Swingline Loan to refinance an outstanding Swingline Loan.  Within the foregoing limits and subject to the terms and conditions set forth herein, the Borrower may borrow, prepay and reborrow Swingline Loans.
2.2.2    Section 2.5.1 is hereby amended and restated in its entirety as follows:
SECTION 2.5.1  Base Rate Loans.  The Administrative Agent shall receive written or telegraphic notice from the Borrower on or before 10:00 a.m. Central time on the date of the proposed Borrowing of a Base Rate Loan (including any such notice of the Borrowing of a Base Rate Loan to finance the reimbursement of an LC Disbursement as contemplated by Section 2.11(e)) and the amount of such Borrowing (which shall be in a minimum amount of $5,000,000 and an integral multiple of $1,000,000 unless such Borrowing is required to finance the reimbursement of an LC Disbursement as contemplated by Section 2.11(e)), and the Administrative Agent shall advise each Lender thereof promptly thereafter.  Not later than 1:00 p.m., Central time, on the date specified in such notice for such Borrowing, each Lender shall provide to the Administrative Agent at the Payment Office, same day or immediately available funds covering such Lender’s Percentage of the requested Base Rate Loan.  Upon fulfillment of the applicable conditions set forth in Article V with respect to such Base Rate Loan, the Administrative Agent shall make available to the Borrower the proceeds of each Base Rate Loan (to the extent received from the Lenders) by wire transfer of such proceeds to such account(s) as the Borrower shall have specified in the Borrowing Request.
2.2.3    Section 2.5.3 is hereby amended and restated in its entirety as follows:
SECTION 2.5.3  Swingline Loans.
(a)    To request a Swingline Loan, the Borrower shall notify the Administrative Agent of such request by telephone (confirmed by telecopy), not later than 2:00 p.m., Central time, on the day of a proposed Swingline Loan.  Each such notice shall be irrevocable and shall specify the requested date (which shall be a Business Day) and amount of the requested Swingline Loan(which shall be in a minimum amount of $5,000,000 and an integral multiple of $1,000,000) and whether the Swingline Loan will be a Base Rate Loan or an ASK Rate Loan.  The Administrative Agent will promptly advise the Swingline Lenders of any such notice received from the Borrower.  Each Swingline Lender shall make its ratable portion of the requested  Swingline Loan (such ratable portion to be calculated based upon such Swingline Lender’s Swingline Commitment to the total 

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Swingline Commitments of all of the Swingline Lenders) available to the Borrower by means of a credit to an account of the Borrower with the Administrative Agent designated for such purpose by 3:00 p.m., Central time, on the requested date of such Swingline Loan.
(b)    The failure of any Swingline Lender to make its ratable portion of a Swingline Loan shall not relieve any other Swingline Lender of its obligation hereunder to make its ratable portion of such Swingline Loan on the date of such Swingline Loan, but no Swingline Lender shall be responsible for the failure of any other Swingline Lender to make the ratable portion of a Swingline Loan to be made by such other Swingline Lender on the date of any Swingline Loan.
(c)    Any Swingline Lender may by written notice given to the Administrative Agent require the Lenders to acquire participations in all or a portion of its Swingline Loans outstanding.  Such notice shall specify the aggregate amount of Swingline Loans in which Lenders will participate.  Promptly upon receipt of such notice, the Administrative Agent will give notice thereof to each Lender, specifying in such notice such Lender’s Percentage of such Swingline Loans.  Each Lender hereby absolutely and unconditionally agrees, promptly upon receipt of such notice from the Administrative Agent (and in any event, if such notice is received by 2:00 p.m., Central time, on a Business Day then no later than 5:00 p.m. Central time on such Business Day, and if received after 2:00 p.m., Central time, on a Business Day then no later than 10:00 a.m., Central time, on the immediately succeeding Business Day), to pay to the Administrative Agent, for the account of such Swingline Lenders, such Lender’s Percentage of such Swingline Loans.  Each Lender acknowledges and agrees that its obligation to acquire participations in Swingline Loans pursuant to this paragraph is absolute and unconditional and shall not be affected by any circumstance whatsoever, including the occurrence and continuance of a Default or reduction or termination of the Commitments, and that each such payment shall be made without any offset, abatement, withholding or reduction whatsoever.  Each Lender shall comply with its obligation under this paragraph by wire transfer of immediately available funds, in the same manner as provided in Section 2.7 with respect to Loans made by such Lender (and Section 2.7 shall apply, mutatis mutandis, to the payment obligations of the Lenders), and the Administrative Agent shall promptly pay to such Swingline Lenders the amounts so received by it from the Lenders.  The Administrative Agent shall notify the Borrower of any participations in any Swingline Loan acquired pursuant to this paragraph, and thereafter payments in respect of such Swingline Loan shall be made to the Administrative Agent and not to such  Swingline Lenders.  Any amounts received by a Swingline Lender from the Borrower (or other party on behalf of the Borrower) in respect of a Swingline Loan after receipt by such  Swingline Lender of the proceeds of a sale of participations therein shall be promptly remitted to the Administrative Agent; any such amounts received by the Administrative Agent shall be promptly remitted by the Administrative Agent to the Lenders that shall have made their payments pursuant to this paragraph and to such Swingline Lenders, as their interests may appear; provided that any such payment so remitted shall be repaid to such  Swingline Lender or to the Administrative Agent, as applicable, if and to the extent such payment is required to be refunded to the Borrower for any reason.  The purchase of participations in a Swingline Loan pursuant to this paragraph shall not relieve the Borrower of any default in the payment thereof.  
2.2.4    Section 2.10(a) is hereby amended to delete the words “October 3, 2013” in the first sentence thereof, and replace the reference thereto with “August 27, 2015”.
2.2.5    Section 2.11(a) is hereby amended and restated in its entirety as follows:

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(a)    General.  Subject to the terms and conditions set forth herein, any Loan Party may request the issuance of Letters of Credit for its own account or for the account of any of its Subsidiaries, in a form reasonably acceptable to the applicable Issuing Bank, at any time and from time to time during the Availability Period; provided that no Letter of Credit shall be issued if (i) the aggregate LC Exposure would exceed $500,000,000, (ii) the total Revolving Credit Exposures would exceed the Total Commitment or (iii) the LC Exposure of any Issuing Bank would exceed the LC Commitment of such Issuing Bank.  In the event of any inconsistency between the terms and conditions of this Agreement and the terms and conditions of any form of letter of credit application or other agreement submitted by the Borrower to, or entered into by the Borrower with, the applicable Issuing Bank relating to any Letter of Credit, the terms and conditions of this Agreement shall control.
2.2.6    Section 2.11(i) is hereby amended and restated in its entirety as follows:
(i)    Removal of an Issuing Bank.  Any Issuing Bank may be removed or replaced at any time by written agreement among the Borrower, the Administrative Agent and the successor Issuing Bank, if any.  The Administrative Agent shall notify the Lenders of any such removal or replacement of an Issuing Bank.  At the time any such removal or replacement shall become effective, the Borrower shall pay all unpaid fees accrued for the account of the removed or replaced Issuing Bank pursuant to Section 3.3.3.  If such Issuing Bank is replaced, from and after the effective date of any such replacement, (i) the successor Issuing Bank shall have all the rights and obligations of such Issuing Bank under this Agreement with respect to Letters of Credit to be issued thereafter and (ii) references herein to the term “Issuing Bank” shall be deemed to refer to such successor or to any previous Issuing Bank, or to such successor and all previous Issuing Banks, as the context shall require.  After the removal or replacement of an Issuing Bank hereunder, the removed or replaced Issuing Bank shall remain a party hereto and shall continue to have all the rights and obligations of an Issuing Bank under this Agreement with respect to Letters of Credit issued by it prior to such removal or replacement, but shall not be required to issue additional Letters of Credit.
2.2.7    The first sentence of Section 2.12.1 is hereby amended and restated in its entirety as follows:
Subject to the terms and conditions set forth herein, the Borrower shall have the right, from time to time, with the prior consent of the Administrative Agent, to request that one or more Lenders allocate any portion of the then-available Total Commitments (each such allocation being a “Foreign Borrower Sub-Facility”) to one or more of its Subsidiaries (other than any Exempted Subsidiary) as a Foreign Borrower.  
2.3    Amendments to Article III.
2.3.1    Section 3.1(a) is hereby amended and restated in its entirety as follows:
(a)    may, from time to time on any Business Day, make a voluntary prepayment, in whole or in part, of the outstanding principal amount of any Loans; provided, however, that (i) any such prepayment shall be applied to the Lenders among Loans having the same Type and, if applicable, having the same Interest Period; (ii) all such voluntary prepayments of Eurodollar Loans shall require at least three Business Days’ prior written notice to the Administrative Agent; (iii) all such voluntary prepayments of Base Rate Loans shall be permitted on the same day as written notice is received by the Administrative Agent; (iv) all such voluntary prepayments of Swingline Loans shall be permitted on the same day as written notice is received by the Administrative Agent and the Swingline Lender; and (v) except in the case of a prepayment pursuant to Section 3.1(c), all such 

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voluntary partial prepayments shall be in an minimum amount of $5,000,000 and an integral multiple of $1,000,000;
2.3.2    The first sentence of Section 3.3.3 is hereby amended and restated in its entirety as follows:
The Borrower agrees to pay, quarterly in arrears (i) to the Administrative Agent for the account of each Lender a participation fee with respect to its participations in Financial Letters of Credit, which shall accrue at the same Applicable Margin then in effect used to determine the interest rate applicable to Eurodollar Loans on the average daily amount of such Lender’s LC Exposure attributable to Financial Letters of Credit (excluding any portion thereof attributable to unreimbursed LC Disbursements) for such quarter during the period from and including the Effective Date to but excluding the later of the date on which such Lender’s Commitment terminates and the date on which such Lender ceases to have any LC Exposure; (ii) to the Administrative Agent for the account of each Lender, a participation fee with respect to Performance Letters of Credit at the per annum rate set forth below then in effect on the face amount of each such Performance Letter of Credit, such commission to be shared ratably among the Lenders having participation interests therein and (iii) to each Issuing Bank a fronting fee to be agreed with such Issuing Bank (but in any event not to exceed .150% per annum) which fronting fee shall accrue on the average daily amount of the LC Exposure (excluding any portion thereof attributable to unreimbursed LC Disbursements) applicable to such Issuing Bank for such quarter during the period from and including the Effective Date to but excluding the later of the date of termination of the Commitments and the date on which there ceases to be any LC Exposure, as well as such Issuing Bank’s standard fees with respect to the issuance, amendment, renewal or extension of any Letter of Credit or processing of drawings thereunder.
2.4    Amendments to Article IV.
2.4.1    The introductory clause of the second sentence of Section 4.6.1 is hereby amended and restated in its entirety as follows:
In the event that any withholding or deduction from any payment to be made by or on account of any obligation of any Loan Party under any Loan Document is required in respect of any Taxes pursuant to any applicable law, rule or regulation, then the applicable Loan Party will, within fifteen days  
2.4.2    Section 4.6.4 shall be amended such that the reference to “Form W-8BEN” shall be amended to refer to “Form W-8BEN, Form W-8BEN-E, Form W-8IMY (with documentation of the direct and indirect beneficial owners of such entity attached thereto)”.
2.4.3    Section 4.6.7 shall be amended and restated in its entirety as follows:
Section 4.6.7  Each Lender and the Administrative Agent agrees that if any form or certification it previously delivered expires or becomes obsolete or inaccurate in any respect, it shall update such form or certification or promptly notify the Borrower and the Administrative Agent in writing of its legal inability to do so.
2.5    Amendments to Article VI.  
2.5.1    The last sentence of Section 6.3 is hereby amended and restated in its entirety as follows:

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Neither the Borrower nor any of its Subsidiaries is or is “controlled” by an “investment company” within the meaning of the Investment Company Act of 1940, as amended.

2.5.2    Section 6.15 is hereby amended and restated in its entirety as follows:
SECTION 6.15  Sanctions.  The Borrower has implemented and maintains in effect policies and procedures designed to achieve compliance by the Borrower, its Subsidiaries and their respective directors, officers, employees and agents (acting in their capacity as such) with applicable Anti-Corruption Laws and Sanctions.  The Borrower and each of its Subsidiaries is in compliance with all applicable Anti-Corruption Laws and Sanctions.  None of (a) the Borrower, any Subsidiary or to the knowledge of the Borrower or such Subsidiary any of their respective directors or officers, or (b) to the knowledge of the Borrower, any employee or agent of the Borrower or any Subsidiary (in each case, acting in their capacity as such), is a Sanctioned Person.  No Borrowing or Letter of Credit, use of proceeds or other transaction contemplated by this Agreement will violate any Anti-Corruption Law or applicable Sanctions.
2.6    Amendments to Article VII.
2.6.1    Section 7.2.2 is hereby amended to delete the text “; and” at the end of clause (p) thereof, renumber clause (q) as clause (r) thereof, and insert a new clause (q) thereof to read as follows:
(q)    Liens on Project Assets; and
2.6.2    Section 7.2.4 is hereby amended to delete the text “; and” at the end of clause (f) thereof, renumber clause (g) as clause (h) thereof, and insert a new clause (g) thereof to read as follows:
(g)    Exempted Subsidiary Indebtedness; and
2.6.3    Section 7.2.6 is hereby amended and restated in its entirety as follows:
SECTION 7.2.6  Restrictive Agreements.  The Borrower will not and will not permit any of its Material Subsidiaries to enter into any agreement prohibiting the ability of any Material Subsidiary to make any payments, directly or indirectly, to the Borrower by way of dividends, advances, repayments of loans or advances, reimbursements of management and other intercompany charges, expenses and accruals or other returns on investments, or any other agreement or arrangement which restricts the ability of any such Material Subsidiary to make any payment, directly or indirectly, to the Borrower, other than (i) agreements or arrangements in respect of Indebtedness of a Person which exist at the time such Person is merged or amalgamated with a Subsidiary or existing at the time such Person becomes a Subsidiary, so long as such Indebtedness was not created in anticipation thereof and in respect of Indebtedness secured by a Lien encumbering any assets acquired by a Subsidiary, so long as such Indebtedness was not created in anticipation thereof and extensions, refinancings, renewals or replacements that would be permitted under Section 7.2.4, and (ii) agreements or arrangements with respect to which the sum of all Indebtedness entitled to the benefit of such agreements or arrangements plus the aggregate Minority Equity Value of all Material Subsidiaries subject to such restriction does not exceed 10% of Consolidated Net Tangible Assets; where the term “Minority Equity Value” means the product of the Consolidated Net Tangible Assets attributable to such Material Subsidiary (but without reduction for minority equity interests) times the percentage of the equity interests of such Material Subsidiary owned by a Person other than the Borrower and its Subsidiaries that are entitled to the benefit of such agreement or arrangement. 

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2.6.4    Section 7.2 is amended to include the following new Section 7.2.7:
SECTION 7.2.7  Anti-Corruption Laws and Sanctions.  The Borrower will not directly, or to the Borrower’s knowledge, indirectly, use the proceeds of any Borrowing or Letter of Credit (A) for the purpose of funding, financing or facilitating any activities, business or transaction of or with any Sanctioned Person, or in any Sanctioned Country, to the extent such activities, businesses or transactions would be prohibited by Sanctions if conducted by a corporation incorporated in the United States or in a European Union member state, or (B) in any other manner that would result in a violation of Sanctions or applicable Anti-Corruption Laws applicable to any party hereto.  
2.7    Amendment to Article VIII. Section 8.1.3 is hereby amended by (a) deleting the word “or” appearing immediately after “7.2.5” and immediately preceding “7.2.6” and replacing it with “, ” and (b) adding “or 7.2.7” immediately following “7.2.6” and immediately preceding the proviso at the end of such Section.
2.8    Amendments to Article X.
2.8.1    Section 10.1 is hereby amended by (a) deleting the word “or” appearing before clause (e) thereof and replacing it with “,” and adding the following as a new clause (f) immediately following clause (e) and immediately preceding the proviso at the end of the first sentence of Section 10.1:
or (f) amend Section 2.11(c) to permit any Letter of Credit to expire after the Maturity Date without the consent of any Lender that is adversely affected thereby
2.8.2    The first paragraph of Section 10.10.1 is hereby amended and restated in its entirety as follows:
SECTION 10.10.1  Assignments.  Any Lender at any time may assign and delegate:
(a)    with notice to (but without the consent of) the Administrative Agent, the Swingline Lenders, the Issuing Banks and the Borrower, to any of its Affiliates or to any other Lender (or with respect to a Swingline Loan or Swingline Commitment, any other Swingline Lender), Lender Affiliate (or with respect to a Swingline Loan or Swingline Commitment, a Lender Affiliate of any Swingline Lender) or Approved Fund (other than (i) any Lender that is, at such time, a Defaulting Lender, (ii) any natural Person (or a holding company, investment vehicle or trust for, or owned and operated for the primary benefit of, a natural Person), and (iii) for the avoidance of doubt, the Borrower or any Affiliate of the Borrower), and
(b)    with the written consent (which consent shall not be unreasonably delayed or withheld) of the Administrative Agent, each Swingline Lender, each Issuing Bank and, if no Event of Default has occurred and is continuing, the Borrower (such consent of the Borrower being deemed given if the Borrower does not respond within five (5) Business Days of the Borrower’s receipt of written notice of such assignment) , to one or more commercial banks or other financial institutions not described in clause (a) above (each Person described in this clause (b) or the foregoing clause (a) as being the Person to whom such assignment and delegation is to be made, being hereinafter referred to as an “Assignee Lender”),
all or any fraction of such Lender’s total Loans and Commitments pursuant to a Lender Assignment Agreement executed by such Assignee Lender and such assigning Lender (and, in the case of an Assignee Lender described in clause (b) above, the Borrower (if applicable), the Administrative 

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Agent, each Swingline Lender and each Issuing Bank); provided that (i) such assignment and delegation shall be (x) of a constant, and not a varying, percentage of all the assigning Lender’s Loans and Commitments (and/or such Lender’s Swingline Loans and Swingline Commitment, if applicable) and which shall be of equal pro rata shares of the Facility, and (y) in a minimum aggregate amount of $5,000,000 (or in a minimum amount of $1,000,000 in the case of an assignment to an Approved Fund with respect to which such Approved Fund plus the Lender or an Affiliate of such Lender who administers or manages such Approved Fund plus other Approved Funds administered or managed by the such Lender or an Affiliate of such Lender will then hold an amount of $5,000,000 or more), (ii) any such Assignee Lender will comply, if applicable, with the provisions of Section 4.6.5, and (iii) the Borrower and the Administrative Agent shall be entitled to continue to deal solely and directly with such assigning Lender in connection with the interests so assigned and delegated to an Assignee Lender until (A) written notice of such assignment and delegation, together with payment instructions, addresses and related information with respect to such Assignee Lender, shall have been given to the Borrower and the Administrative Agent by such Lender and such Assignee Lender, (B) such Assignee Lender shall have executed and delivered to the Borrower and the Administrative Agent a Lender Assignment Agreement, accepted by the Administrative Agent, (C) such Assignee Lender shall have delivered to the Administrative Agent an Administrative Questionnaire, and (D) the processing fees described below shall have been paid.  For the purposes of this Section 10.10.1, the term “Approved Fund” has the following meaning:
2.8.3    Section 10.10.1 and Section 10.10.2 are hereby amended such that each instance of the phrase “acting solely for this purpose as an agent of the Borrower” appearing in such Sections is replaced with “acting solely for this purpose as a non-fiduciary agent of the Borrower”
2.8.4    Section 10.12 is hereby amended and restated in its entirety as follows:
SECTION 10.12  Confidentiality.  Each of the Agents, the Issuing Banks and the Lenders 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 purporting to have jurisdiction over such Person or its Related Parties (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 to this Agreement (e) in connection with the exercise of any remedies hereunder or any suit, action or proceeding relating to this Agreement or any other Loan Document or the enforcement of rights hereunder or thereunder, (f) subject to an agreement containing provisions substantially the same as those of this Section, to (i) any assignee of or Participant in, or any prospective assignee of or Participant in, any of its rights or obligations under this Agreement or (ii)  any actual or prospective counterparty (or its advisors) to any swap or derivative transaction under which payments are to be made by reference to the Borrower and its obligations, this Agreement or payments hereunder, (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, the Issuing Bank or any Lender on a non-confidential basis from a source other than the Borrower.  In addition, the Administrative Agent and the Lenders may disclose the existence of this Agreement and other information pertaining to this Agreement routinely provided by arrangers to data service providers, including league table providers, that serve the lending industry.  For the purposes of this Section, “Information” means all information received from the Borrower or any of its Affiliates 

14
        

relating to the Borrower and its Subsidiaries or their business, other than any such information that is available to the Administrative Agent, the Issuing Bank or any Lender on a non-confidential basis prior to disclosure by the Borrower or any of its Affiliates; provided that, in the case of information received from the Borrower or any of its Subsidiaries 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 3.    Amendment to Schedules.  The Credit Agreement shall be amended by adding the Schedules IIA and IIB attached to this Second Amendment as new Schedules IIA and IIB to the Credit Agreement.  The listing of Schedules immediately following the table of contents shall be amended by adding references to such Schedules in appropriate numerical order.
Section 4.    Assignment and Reallocations of Commitments.  The Lenders have agreed among themselves (a) to assign and reallocate the Commitments and Revolving Credit Exposures such that after giving effect to such assignment, reallocation and the other assignments contemplated by this Section 4, the Commitments of the Lenders shall be set forth on Schedule II to this Second Amendment, (b) to allow Goldman Sachs Bank USA, to become a party to the Credit Agreement as a “Lender” (the “New Lender”), and (c) to permit each of Lloyds TSB Bank PLC and Standard Chartered Bank (each, an “Exiting Lender”) to assign all of its Commitments and Revolving Credit Exposure to other Lenders and cease to be a Lender under the Agreement.
Each of the Administrative Agent, each Swingline Lender, each Issuing Bank and the Borrower hereby consents to (a) the reallocation of the Commitments and Revolving Credit Exposures, (b) the New Lender’s acquisition of an interest in the Commitments and Revolving Credit Exposures and (c) the assignment by each Exiting Lender of all of its respective Commitment and Revolving Credit Exposure.  The assignments by the Lenders, including the Exiting Lenders, necessary to effect the reallocation of the Commitments and Revolving Credit Exposures and the assumptions by the New Lender necessary for the New Lender to acquire such interests are hereby consummated pursuant to the terms and provisions of this Section 4 of this Second Amendment and Section 10.10.1 of the Credit Agreement; including, without limitation, payment to each Exiting Lender of any and all amounts due and owing to such Exiting Lender with respect to any outstanding Revolving Credit Exposures, any interest thereon, and fees or other amounts payable hereunder on the Amendment Effective Date, and the Borrower, the Administrative Agent, each Issuing Bank, each Lender, including the New Lender, and each Exiting Lender, hereby consummates such assignment pursuant to the terms, provisions and representations of the Assignment Agreement attached as Exhibit 10.10 as if each of them had executed and delivered an Assignment Agreement (with the effective date being the Amendment Effective Date); provided that (i) the Administrative Agent hereby waives the $3,500 processing and recordation fee set forth in Section 10.10.1 with respect to such assignments and assumptions, and (ii) the New Lender shall have delivered to the Borrower (with a copy to the Administrative Agent) the documentation required pursuant to Section 4.6.4.  On the Amendment Effective Date and after giving effect to such assignments and assumptions, the Commitment of each Lender shall be as set forth on Schedule II to this Second Amendment.  Each Lender hereby consents and agrees to the Commitments as set forth on Schedule II of this Second Amendment and such Schedule II shall replace and supersede Schedule II to the Credit Agreement.  Each Exiting Lender shall execute this Second Amendment solely for purposes of this Section 4.

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Section 5.    Conditions Precedent.  This Second Amendment shall not become effective until the date on which each of the following conditions is satisfied (or waived in accordance with Section 10.1 of the Credit Agreement) (such date, the “Amendment Effective Date”):
5.1    The Administrative Agent shall have received from the Borrower and each of the Lenders, counterparts (in such number as may be requested by the Administrative Agent) of this Second Amendment signed on behalf of such Person.   
5.2    The Administrative Agent shall have received from each of the Borrower and the Foreign Borrower a certificate, dated as of the date hereof, of an Authorized Officer of such Person certifying that attached thereto are true, correct and complete copies of the Organic Documents of such Person, together with all amendments thereto.
5.3    The Administrative Agent shall have received a favorable opinion, dated the date hereof and addressed to the Administrative Agent and all Lenders, from Thompson & Knight L.L.P., counsel to the Borrower.
5.4    The Administrative Agent shall have received a favorable opinion, dated the date hereof and addressed to the Administrative Agent and all Lenders, from Deloitte Legal B.V., counsel to the Foreign Borrower.
5.5    The Administrative Agent, the Arranger and the Lenders shall have received all fees and amounts due and payable on or prior to the Amendment Effective Date, including, to the extent invoiced, reimbursement or payment of all documented out-of-pocket expenses required to be reimbursed or paid by the Borrower under the Credit Agreement.
5.6    No material adverse change in the consolidated business, condition (financial or otherwise), operations, performance or properties of any of the Borrower and its consolidated Subsidiaries taken as a whole since December 31, 2014, except as otherwise disclosed on a disclosure schedule to this Second Amendment.
5.7    No Default or Event of Default shall have occurred and be continuing as of the date hereof, after giving effect to the terms of this Second Amendment.
5.8    Execution and delivery of Notes, if requested.
The Administrative Agent is hereby authorized and directed to declare this Second Amendment to be effective when it has received documents confirming or certifying, to the satisfaction of the Administrative Agent, compliance with the conditions set forth in this Section 5 or the waiver of such conditions as permitted hereby. Such declaration shall be final, conclusive and binding upon all parties to the Credit Agreement for all purposes.
Section 6.    Miscellaneous.
6.1    Confirmation.  The provisions of the Credit Agreement, as amended by this Second Amendment, shall remain in full force and effect following the effectiveness of this Second Amendment.
6.2    Ratification and Affirmation; Representations and Warranties.  Each of the Borrower and the Foreign Borrower hereby (a) ratifies and affirms its obligations under, and acknowledges, renews and extends its continued liability under, each Loan Document to which it is a party (including, for the avoidance 

16
        

of doubt, the Guaranty, dated as of October 3, 2013 by the Borrower in favor of the Administrative Agent and each reference in such Guaranty to the Credit Agreement shall be deemed to refer to the Credit Agreement as amended by this Second Amendment and as otherwise amended, restated, supplemented, replaced or otherwise modified from time to time) and agrees that each Loan Document to which it is a party remains in full force and effect, except as expressly amended hereby; and (b) represents and warrants to the Lenders that as of the date hereof, after giving effect to the terms of this Second Amendment:  (i) all of the representations and warranties contained in each Loan Document to which it is a party are true and correct in all material respects, except to the extent any such representations and warranties are expressly limited to an earlier date, in which case, such representations and warranties shall continue to be true and correct as of such specified earlier date and (ii) no Default or Event of Default has occurred and is continuing.
6.3    No Waiver; Loan Document.  The execution, delivery and effectiveness of this Second Amendment shall not operate as a waiver of any right, power or remedy of any Lender or the Administrative Agent under any of the Loan Documents, nor constitute a waiver of any provision of any of the Loan Documents.  On and after the Amendment Effective Date, this Second Amendment shall for all purposes constitute a Loan Document.
6.4    Counterparts.  This Second Amendment may be executed by one or more of the parties hereto in any number of separate counterparts, and all of such counterparts taken together shall be deemed to constitute one and the same instrument.  Delivery of this Second Amendment by facsimile or electronic transmission in portable document format (.pdf) shall be effective as delivery of a manually executed counterpart hereof.
6.5    NO ORAL AGREEMENT.  THIS SECOND AMENDMENT, THE CREDIT AGREEMENT AND THE OTHER LOAN DOCUMENTS EXECUTED IN CONNECTION HEREWITH AND THEREWITH REPRESENT THE FINAL AGREEMENT BETWEEN THE PARTIES WITH RESPECT TO THE SUBJECT MATTER HEREOF AND THEREOF AND MAY NOT BE CONTRADICTED BY EVIDENCE OF PRIOR, CONTEMPORANEOUS, OR SUBSEQUENT ORAL AGREEMENTS OF THE PARTIES.  AS OF THE DATE OF THIS SECOND AMENDMENT, THERE ARE NO ORAL AGREEMENTS BETWEEN THE PARTIES.
6.6    GOVERNING LAW.  THIS SECOND AMENDMENT (INCLUDING, BUT NOT LIMITED TO, THE VALIDITY AND ENFORCEABILITY HEREOF) SHALL BE GOVERNED BY, AND CONSTRUED IN ACCORDANCE WITH, THE LAWS OF THE STATE OF TEXAS.
[SIGNATURES BEGIN NEXT PAGE]

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IN WITNESS WHEREOF, the parties hereto have caused this Second Amendment to be duly executed as of the date first written above.
	
				
	BORROWER:
	 
	NOBLE ENERGY, INC.

	 
	 
	 
	 

	 
	 
	 
	 

	 
	 
	By:
	/s/ Gerald M. Stevenson

	 
	 
	Name:
	Gerald M. Stevenson

	 
	 
	Title:
	Vice President and Treasurer

	 
	 
	 
	 

	 
	 
	 
	 

Second Amendment Signature Page
        

IN WITNESS WHEREOF, the parties hereto have caused this Second Amendment to be duly executed as of the date first written above.
	
				
	FOREIGN BORROWER:
	 
	NBL INTERNATIONAL FINANCE B.V.

	 
	 
	 
	 

	 
	 
	 
	 

	 
	 
	By:
	/s/ Socrates A. Hadjisavvas

	 
	 
	Name:
	Socrates A. Hadjisavvas

	 
	 
	Title:
	Director A

	 
	 
	 
	 

	 
	 
	By:
	/s/ Dirk Jan van Klink

	 
	 
	Name:
	Dirk Jan van Klink

	 
	 
	Title:
	Director B

Second Amendment Signature Page

	
				
	LENDERS:
	 
	JPMORGAN CHASE BANK, N.A., individually as a Lender, as the Administrative Agent, as an Issuing Bank and as a Swingline Lender

	 
	 
	 
	 

	 
	 
	 
	 

	 
	 
	By:
	/s/ Debra Hrelja

	 
	 
	Name:
	Debra Hrelja

	 
	 
	Title:
	Vice President

Second Amendment Signature Page

	
				
	 
	 
	BANK OF AMERICA, N.A., individually as a Lender, as an Issuing Bank and as a Swingline Lender

	 
	 
	 
	 

	 
	 
	 
	 

	 
	 
	By:
	/s/ Greg Hall

	 
	 
	Name:
	Greg Hall

	 
	 
	Title:
	Assistant Vice President

Second Amendment Signature Page

	
				
	 
	 
	CITIBANK, N.A., individually as a Lender, as an Issuing Bank and as a Swingline Lender

	 
	 
	 
	 

	 
	 
	 
	 

	 
	 
	By:
	/s/ Maureen Maroney

	 
	 
	Name:
	Maureen Maroney

	 
	 
	Title:
	Vice President

Second Amendment Signature Page

	
				
	 
	 
	DNB CAPITAL LLC, individually as a Lender

	 
	 
	 
	 

	 
	 
	 
	 

	 
	 
	By:
	/s/ Stian Lovseth

	 
	 
	Name:
	Stian Lovseth

	 
	 
	Title:
	First Vice President

	 
	 
	 
	 

	 
	 
	By:
	/s/ Cathleen Buckley

	 
	 
	Name:
	Cathleen Buckley

	 
	 
	Title:
	Senior Vice President

	 
	 
	 
	 

	 
	 
	 
	 

	 
	 
	DNB BANK ASA, NEW YORK BRANCH, as an Issuing Bank

	 
	 
	 
	 

	 
	 
	 
	 

	 
	 
	By:
	/s/ Stian Lovseth

	 
	 
	Name:
	Stian Lovseth

	 
	 
	Title:
	First Vice President

	 
	 
	 
	 

	 
	 
	By:
	/s/ Cathleen Buckley

	 
	 
	Name:
	Cathleen Buckley

	 
	 
	Title:
	Senior Vice President

Second Amendment Signature Page

	
				
	 
	 
	MIZUHO BANK, LTD., individually as a Lender and as an Issuing Bank

	 
	 
	 
	 

	 
	 
	 
	 

	 
	 
	By:
	/s/ Leon Mo

	 
	 
	Name:
	Leon Mo

	 
	 
	Title:
	Authorized Signatory

Second Amendment Signature Page

	
				
	 
	 
	THE BANK OF TOKYO-MITSUBISHI UFJ, LTD., individually as a Lender and as an Issuing Bank

	 
	 
	 
	 

	 
	 
	 
	 

	 
	 
	By:
	/s/ Kevin Sparks

	 
	 
	Name:
	Kevin Sparks

	 
	 
	Title:
	Vice President

Second Amendment Signature Page

	
				
	 
	 
	BARCLAYS BANK PLC, individually as a Lender

	 
	 
	 
	 

	 
	 
	 
	 

	 
	 
	By:
	/s/ Vanessa Kurbatskiy

	 
	 
	Name:
	Vanessa Kurbatskiy

	 
	 
	Title:
	Vice President

Second Amendment Signature Page

	
				
	 
	 
	BBVA COMPASS, individually as a Lender

	 
	 
	 
	 

	 
	 
	 
	 

	 
	 
	By:
	/s/ Rhianna Disch

	 
	 
	Name:
	Rhianna Disch

	 
	 
	Title:
	Vice President

Second Amendment Signature Page

	
				
	 
	 
	BNP PARIBAS, individually as a Lender

	 
	 
	 
	 

	 
	 
	 
	 

	 
	 
	By:
	/s/ Ann Rhoads

	 
	 
	Name:
	Ann Rhoads

	 
	 
	Title:
	Managing Director

	 
	 
	 
	 

	 
	 
	By:
	/s/ Sriram Chandrasekaran

	 
	 
	Name:
	Sriram Chandrasekaran

	 
	 
	Title:
	Director

Second Amendment Signature Page

	
				
	 
	 
	DEUTSCHE BANK AG NEW YORK BRANCH, individually as a Lender

	 
	 
	 
	 

	 
	 
	 
	 

	 
	 
	By:
	/s/ Virginia Cosenza

	 
	 
	Name:
	Virginia Cosenza

	 
	 
	Title:
	Vice President

	 
	 
	 
	 

	 
	 
	By:
	/s/ Ross Levitsky

	 
	 
	Name:
	Ross Levitsky

	 
	 
	Title:
	Managing Director

Second Amendment Signature Page

	
				
	 
	 
	GOLDMAN SACHS BANK (USA), individually as a Lender

	 
	 
	 
	 

	 
	 
	 
	 

	 
	 
	By:
	/s/ Rebecca Kratz

	 
	 
	Name:
	Rebecca Kratz

	 
	 
	Title:
	Authorized Signatory

Second Amendment Signature Page

	
				
	 
	 
	HSBC BANK (USA) NA, individually as a Lender

	 
	 
	 
	 

	 
	 
	 
	 

	 
	 
	By:
	/s/ Douglas A. Whiddon

	 
	 
	Name:
	Douglas A. Whiddon

	 
	 
	Title:
	Director

Second Amendment Signature Page

	
				
	 
	 
	SOCIÉTÉ GÉNÉRALE, individually as a Lender

	 
	 
	 
	 

	 
	 
	 
	 

	 
	 
	By:
	/s/ Diego Medina

	 
	 
	Name:
	Diego Medina

	 
	 
	Title:
	Vice President

Second Amendment Signature Page

	
				
	 
	 
	SUMITOMO MITSUI BANKING CORPORATION, individually as a Lender

	 
	 
	 
	 

	 
	 
	 
	 

	 
	 
	By:
	/s/ James D. Weinstein

	 
	 
	Name:
	James D. Weinstein

	 
	 
	Title:
	Managing Director

Second Amendment Signature Page

	
				
	 
	 
	U.S. BANK NATIONAL ASSOCIATION, individually as a Lender

	 
	 
	 
	 

	 
	 
	 
	 

	 
	 
	By:
	/s/ John Prigge

	 
	 
	Name:
	John Prigge

	 
	 
	Title:
	Vice President

Second Amendment Signature Page

	
				
	 
	 
	WELLS FARGO BANK, N.A., individually as a Lender

	 
	 
	 
	 

	 
	 
	 
	 

	 
	 
	By:
	/s/ Nathan Starr

	 
	 
	Name:
	Nathan Starr

	 
	 
	Title:
	Portfolio Manager

Second Amendment Signature Page

	
				
	 
	 
	EXPORT DEVELOPMENT CANADA, individually as a Lender

	 
	 
	 
	 

	 
	 
	 
	 

	 
	 
	By:
	/s/ Tamara Fathi

	 
	 
	Name:
	Tamara Fathi

	 
	 
	Title:
	Senior Associate

	 
	 
	 
	 

	 
	 
	By:
	/s/ Ladislau Papara

	 
	 
	Name:
	Ladislau Papara

	 
	 
	Title:
	Financing Manager

Second Amendment Signature Page

	
				
	 
	 
	THE BANK OF NOVA SCOTIA, individually as a Lender

	 
	 
	 
	 

	 
	 
	 
	 

	 
	 
	By:
	/s/ John Frazell

	 
	 
	Name:
	John Frazell

	 
	 
	Title:
	Director - US Energy

Second Amendment Signature Page

	
				
	 
	 
	BMO HARRIS FINANCING, INC., individually as a Lender

	 
	 
	 
	 

	 
	 
	 
	 

	 
	 
	By:
	/s/ Matthew L. Davis

	 
	 
	Name:
	Matthew L. Davis

	 
	 
	Title:
	Vice President

Second Amendment Signature Page

	
				
	 
	 
	CANADIAN IMPERIAL BANK OF COMMERCE, NEW YORK BRANCH individually as a Lender

	 
	 
	 
	 

	 
	 
	 
	 

	 
	 
	By:
	/s/ Trudy Nelson

	 
	 
	Name:
	Trudy Nelson

	 
	 
	Title:
	Authorized Signatory

	 
	 
	 
	 

	 
	 
	By:
	/s/ William M. Reid

	 
	 
	Name:
	William M. Reid

	 
	 
	Title:
	Authorized Signatory

Second Amendment Signature Page

	
				
	 
	 
	COMMONWEALTH BANK OF AUSTRALIA, individually as a Lender

	 
	 
	 
	 

	 
	 
	 
	 

	 
	 
	By:
	/s/ William Ho

	 
	 
	Name:
	William Ho

	 
	 
	Title:
	Senior Associate

Second Amendment Signature Page

	
				
	 
	 
	DBS BANK LTD., individually as a Lender

	 
	 
	 
	 

	 
	 
	 
	 

	 
	 
	By:
	/s/ Jacqueline Tan

	 
	 
	Name:
	Jacqueline Tan

	 
	 
	Title:
	Senior Vice President

Second Amendment Signature Page

	
				
	 
	 
	FIFTH THIRD BANK, individually as a Lender

	 
	 
	 
	 

	 
	 
	 
	 

	 
	 
	By:
	/s/ Larry Hayes

	 
	 
	Name:
	Larry Hayes

	 
	 
	Title:
	Director

Second Amendment Signature Page

	
				
	 
	 
	MORGAN STANLEY BANK, N.A, individually as a Lender

	 
	 
	 
	 

	 
	 
	 
	 

	 
	 
	By:
	/s/ Michael King

	 
	 
	Name:
	Michael King

	 
	 
	Title:
	Authorized Signatory

Second Amendment Signature Page

	
				
	 
	 
	ROYAL BANK OF CANADA, individually as a Lender

	 
	 
	 
	 

	 
	 
	 
	 

	 
	 
	By:
	/s/ Jay Sartain

	 
	 
	Name:
	Jay Sartain

	 
	 
	Title:
	Authorized Signatory

Second Amendment Signature Page

	
				
	 
	 
	TORONTO DOMINION ( NEW YORK ) LLC, individually as a Lender

	 
	 
	 
	 

	 
	 
	 
	 

	 
	 
	By:
	/s/ Ryan Karim

	 
	 
	Name:
	Ryan Karim

	 
	 
	Title:
	Authorized Signatory

Second Amendment Signature Page

	
				
	 
	 
	BANK OF CHINA, NEW YORK BRANCH, individually as a Lender

	 
	 
	 
	 

	 
	 
	 
	 

	 
	 
	By:
	/s/ Dong Yuan

	 
	 
	Name:
	Dong Yuan

	 
	 
	Title:
	Executive Vice President

Second Amendment Signature Page

	
				
	 
	 
	BRANCH BANKING AND TRUST COMPANY, individually as a Lender

	 
	 
	 
	 

	 
	 
	 
	 

	 
	 
	By:
	/s/ DeVon J. Lang

	 
	 
	Name:
	DeVon J. Lang

	 
	 
	Title:
	Senior Vice President

Second Amendment Signature Page

	
				
	 
	 
	PNC BANK, NATIONAL ASSOCIATION, individually as a Lender

	 
	 
	 
	 

	 
	 
	 
	 

	 
	 
	By:
	/s/ Tom Byargeon

	 
	 
	Name:
	Tom Byargeon

	 
	 
	Title:
	Managing Director

Second Amendment Signature Page

	
				
	 
	 
	LLOYDS TSB BANK PLC, individually as an Exiting Lender solely for purposes of Section 4.

	 
	 
	 
	 

	 
	 
	 
	 

	 
	 
	By:
	/s/ Erin Doherty

	 
	 
	Name:
	Erin Doherty

	 
	 
	Title:
	Assistant Vice President - D006

	 
	 
	 
	 

	 
	 
	By:
	/s/ Daven Popat

	 
	 
	Name:
	Daven Popat

	 
	 
	Title:
	Senior Vice President - P003

Second Amendment Signature Page

	
				
	 
	 
	STANDARD CHARTERED BANK, individually as an Exiting Lender solely for purposes of Section 4.

	 
	 
	 
	 

	 
	 
	 
	 

	 
	 
	By:
	/s/ Felipe Macia

	 
	 
	Name:
	Felipe Macia

	 
	 
	Title:
	Managing Director

	 
	 
	 
	 

	 
	 
	By:
	/s/ Hsing H. Huang

	 
	 
	Name:
	Hsing H. Huang

	 
	 
	Title:
	Associate Director

Second Amendment Signature Page

SCHEDULE II
	
		
	NAME OF LENDER
	COMMITMENTS

	JPMorgan Chase Bank, N.A.
	$270,000,000.00

	Bank of America, N.A.
	$270,000,000.00

	Citibank, N.A.
	$270,000,000.00

	DNB Capital LLC
	$270,000,000.00

	Mizuho Bank, Ltd.
	$270,000,000.00

	The Bank of Tokyo-Mitsubishi UFJ, Ltd.
	$270,000,000.00

	Barclays Bank PLC
	$150,000,000.00

	BBVA Compass
	$150,000,000.00

	BNP Paribas
	$150,000,000.00

	Deutsche Bank AG New York Branch
	$150,000,000.00

	Goldman Sachs Bank USA
	$150,000,000.00

	HSBC Bank (USA) NA
	$150,000,000.00

	Société Générale
	$150,000,000.00

	Sumitomo Mitsui Banking Corporation
	$150,000,000.00

	U.S. Bank National Association
	$150,000,000.00

	Wells Fargo Bank, N.A.
	$150,000,000.00

	Export Development Canada
	$85,000,000.00

	The Bank of Nova Scotia
	$75,000,000.00

	BMO Harris Financing, Inc.
	$75,000,000.00

	Canadian Imperial Bank of Commerce, New York Branch
	$75,000,000.00

	Commonwealth Bank of Australia
	$75,000,000.00

	DBS Bank Ltd.
	$75,000,000.00

	Fifth Third Bank
	$75,000,000.00

	Morgan Stanley Bank, N.A.
	$75,000,000.00

	Royal Bank of Canada
	$75,000,000.00

	Toronto Dominion ( New York ) LLC
	$75,000,000.00

	Bank of China, New York Branch
	$40,000,000.00

	Branch Banking and Trust Company
	$40,000,000.00

	PNC Bank, National Association
	$40,000,000.00

	TOTAL
	$4,000,000,000.00

Schedule II
        

SCHEDULE IIA
SCHEDULE OF SWINGLINE COMMITMENTS
	
		
	NAME OF SWINGLINE LENDER
	SWINGLINE 
COMMITMENTS

	JPMorgan Chase Bank, N.A.
	$200,000,000

	Citibank, N.A.
	$200,000,000

	Bank of America, N.A.
	$200,000,000

	TOTAL
	$600,000,000

Schedule IIA
        

SCHEDULE IIB
SCHEDULE OF LC COMMITMENTS
	
		
	NAME OF ISSUING BANK
	LC COMMITMENTS

	JPMorgan Chase Bank, N.A.
	$75,000,000

	Citibank, N.A.
	$75,000,000

	Bank of America, N.A.
	$75,000,000

	The Bank of Tokyo-Mitsubishi UFJ, Ltd.
	$75,000,000

	Mizuho Bank, Ltd.
	$75,000,000

	DNB Bank ASA, New York Branch
	$75,000,000

	TOTAL
	$450,000,000

Schedule IIB
        

Annex A
Maximum Amount of Non-Cash Impairment to Stockholders’ Equity 
Resulting from Non-Cash Write Downs Of Oil And Gas Assets
as of June 30, 2015
Maximum Amount    $1,646,792,000.00

Annex AEX-10.F.XI

 Exhibit 10(e)(xi) 

HARRIS CORPORATION 
 2005
EQUITY INCENTIVE PLAN 
 PERFORMANCE STOCK OPTION AWARD AGREEMENT 

TERMS AND CONDITIONS 
 (AS
OF MAY 27, 2015) 
 1. Performance Stock Option — Terms and Conditions. Under and subject to the provisions of the Harris
Corporation 2005 Equity Incentive Plan (As Amended and Restated Effective August 27, 2010, and as may be further amended from time to time, the “Plan”) and on the terms and conditions set forth herein (these “Terms and
Conditions”), Harris Corporation (the “Corporation”) has granted to the employee receiving these Terms and Conditions (the “Employee”) a Performance Stock Option Award (the “Award”)
consisting of a Non-Qualified Stock Option with performance-based vesting and forfeiture conditions (the “Option”) to purchase such number of shares of common stock, $1.00 par value per share (the “Common Stock”),
of the Corporation (“Shares” and each, a “Share”) (subject to adjustment in accordance with these Terms and Conditions) at such designated exercise price per share as set forth in the Award Notice (as defined below)
from the Corporation to the Employee. Such Award is subject to the following Terms and Conditions (these Terms and Conditions, together with the Corporation’s letter or notice to the Employee specifying the grant date, the number of Shares
subject to the Award and contingently issuable upon exercise of the Option (subject to adjustment in accordance with these Terms and Conditions), the exercise price, the Performance Period (as defined below) and certain other terms (the
“Award Notice”) and the Statement of Performance Goals (as defined below) related thereto, are referred to as the “Agreement”). 

(a) Except as set forth in Section 1(e), the Option shall not vest or be exercisable to any extent unless the Employee shall have
remained continuously in the employ of the Corporation for a minimum of one year from the grant date (the “Minimum Vesting Period”) and if the Minimum Vesting Period is not satisfied, the Option shall terminate immediately upon the
Employee’s termination of employment with the Corporation. Following the Minimum Vesting Period, except as set forth in Sections 1(e), 2(b) or 2(c), the Option shall not be exercisable to any extent unless the Employee shall have remained
continuously in the employ of the Corporation until the Option shall vest and become exercisable. 
 (b) During the lifetime of the
Employee, the Option shall be exercisable only by the Employee, and, except as otherwise set forth in Section 2, only while the Employee continues as an employee of the Corporation. 

(c) Notwithstanding any other provision of these Terms and Conditions and the Agreement, the Option shall expire no later than ten
(10) years from the grant date (the “Expiration Date”), and shall not be exercisable thereafter. 
 (d) Except as
otherwise provided in the Award Notice, the Option shall vest and become exercisable upon expiration of the performance period set forth in the Award Notice (the “Performance Period”) as to a number of Shares that is contingent on
the attainment during the Performance Period of the performance objectives set forth in the Statement of Performance Goals (however designated) delivered or made available to the Employee at the time of the Award (the “Statement of
Performance Goals”). Such number of Shares (the “Vested Option Shares”) shall be determined upon expiration of the Performance Period in accordance with the Statement of Performance Goals, with the final determination of
the Vested Option Shares authorized by the Board, the Board Committee, or its designee as soon as administratively 

  
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practicable following expiration of the Performance Period. For avoidance of doubt, notwithstanding that the number of Shares subject to the Award is the maximum number of Shares as to which the
Option may vest and become exercisable based on attainment during the Performance Period of the maximum level of performance under the performance objectives set forth in the Statement of Performance Goals (the “Maximum Performance
Level” and the number of Shares set forth in the Award Notice corresponding to the Maximum Performance Level, the “Maximum Number of Shares”) (in order to preserve the closing price on the grant date for a Share as the
exercise price for all Shares subject to the Award), the Option shall not vest or be exercisable upon expiration of the Performance Period as to the number of Shares equal to the difference, if any, between (i) the number of Shares subject to
the Award (i.e., the Maximum Number of Shares) and (ii) the Vested Option Shares, and the Employee shall not earn and shall forfeit the portion of the Award corresponding to such difference as of the end of the Performance Period. 

(e) Upon a Change in Control of the Corporation as defined in Section 11.1 of the Plan, the performance objectives set forth in the
Statement of Performance Goals shall be conclusively deemed to have been attained for the Performance Period upon the occurrence of such Change in Control at the target level of performance under such performance objectives (the “Target
Performance Level”), or at such greater level of performance as the Board, the Board Committee or its designee may authorize, and the Option shall automatically immediately become vested and exercisable until the Expiration Date as to the
number of Shares equal to the target number of Shares (i.e., the number of Shares set forth in the Award Notice corresponding to the Target Performance Level, the “Target Number of Shares”), or such greater number of Shares (not to
exceed the number of Shares subject to the Award (i.e., the Maximum Number of Shares)) as corresponds to such greater level of performance so authorized. 

(f) Adjustment to the Award. The number of Shares subject to the Award (i.e., the Maximum Number of Shares), as well as the Target
Number of Shares and the threshold number of Shares (as set forth in the Award Notice, corresponding to the threshold level of performance under the performance objectives set forth in the Statement of Performance Goals), are based on the assumption
that the Employee shall continue to perform substantially the same duties throughout the Performance Period, and such numbers of Shares may be reduced or increased by the Board, the Board Committee or its designee without formal amendment of the
Agreement to reflect a change in the Employee’s duties during the Performance Period. 
 2. Termination of Employment. 

(a) Termination of Employment. In the event of termination of the Employee’s employment with the Corporation other than as a
result of circumstances described in Sections 2(b), 2(c), 2(d), and 2(e) below, the Option, whether exercisable or not, shall terminate immediately upon such termination of employment. 

(b) Death. Subject to satisfaction of the Minimum Vesting Period, in the event of the death of the Employee (x) while employed by
the Corporation, or (y) following the Employee’s cessation of employment with the Corporation due to permanent disability of the Employee (as determined by the Corporation) while employed by the Corporation, the Option shall immediately
become vested and exercisable as to the Target Number of Shares, and may be exercised by the Employee’s Beneficiary (as defined in Section 4) but only until the earlier of (i) the date that is twelve (12) months following the
date of death of the Employee or (ii) the Expiration Date. In the event of the death of the Employee following termination of or cessation of employment with the Corporation, unless the first sentence of this Section 2(b) is applicable,
the Option may be exercised by the Employee’s Beneficiary but only until the earlier of (i) the date that is twelve (12) months following the date of death of the Employee or (ii) the Expiration Date, and only to the extent that
the Option was vested and exercisable on the day immediately prior to the date of the Employee’s death. 

  
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 (c) Disability. In the event of cessation of employment with the Corporation due to
permanent disability of the Employee (as determined by the Corporation) while employed by the Corporation, subject to satisfaction of the Minimum Vesting Period, the Option shall immediately become vested and exercisable as to the Target Number of
Shares and unless the first sentence of Section 2(b) becomes applicable, may be exercised by the Employee until the Expiration Date. 

(d) Retirement. In the event of retirement of the Employee, the Option may, if the retirement occurs after the Employee has reached age
55 and has ten (10) or more years of full-time service with the Corporation, be exercised by the Employee until the Expiration Date, but only to the extent that the Option was vested and exercisable at the date of such retirement. 

(e) Involuntary or Voluntary Termination. In the event of termination of employment of the Employee by the Corporation other than for
Misconduct (as defined below), the Option may be exercised by the Employee but only until the earlier of (i) the date that is ninety (90) days following such termination of employment or (ii) the Expiration Date, and only to the
extent that the Option was vested and exercisable at the date of such termination of employment. In the event of termination of employment of the Employee by the Corporation for Misconduct, the Option shall immediately terminate upon such
termination of employment and shall not be exercisable. “Misconduct” shall mean deliberate, willful or gross misconduct, as determined by the Corporation. In the event of termination of employment of the Employee by the Employee
other than as a result of death, permanent disability (as determined by the Corporation) or retirement (in a circumstance in which Section 2(d) applies), the Option may be exercised by the Employee but only until the earlier of (i) the
date that is thirty (30) days following such termination of employment or (ii) the Expiration Date, and only to the extent that the Option was vested and exercisable at the date of such termination of employment. 

3. Exercise of Option. The Option may be exercised by delivering to the Corporation at the office of the Corporate Secretary (a) a
written notice, signed by the person entitled to exercise the Option, stating the designated number of shares such person then elects to purchase; provided, however, that in the discretion of the Corporation, notice sent through an approved
electronic means may be substituted for a signed, written notice, (b) payment in an amount equal to the full exercise price for the shares to be purchased, and (c) if the Option is exercised by any person other than the Employee, such as
the Employee’s Beneficiary, evidence satisfactory to the Corporation that such person has the right to exercise the Option. Payment of the exercise price shall be made (i) in cash, (ii) in previously acquired shares of Common Stock of
the Corporation, or (iii) in any combination of cash and such shares. Shares tendered in payment of the exercise price that have been acquired through an exercise of a stock option must have been held at least six (6) months prior to
exercise of the Option and shall be valued at the Fair Market Value. Upon the exercise of the Option, the Corporation shall cause the shares in respect of which the Option shall have been so exercised to be issued and delivered by crediting such
shares to a book-entry account for the benefit of the Employee or the Employee’s Beneficiary maintained by the Corporation’s stock transfer agent or its designee. The Employee does not have any rights as a shareholder in respect of any
shares as to which the Option shall not have been duly exercised and no rights as a shareholder shall exist prior to the proper exercise of such Option. 

4. Prohibition Against Transfer; Designation of Beneficiary. The Option and rights granted by the Corporation under these Terms and
Conditions and the Agreement are not transferable except by will or by the laws of descent and distribution in the event of the 

  
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Employee’s death. The Employee may designate a beneficiary or beneficiaries (the “Employee’s Beneficiary”) to exercise any rights or receive any benefits under
Section 2(b) following the Employee’s death. To be effective, such designation must be made in accordance with such rules and on such form as prescribed by the Corporation for such purpose, which completed form must be received by the
office of the Corporate Secretary prior to the Employee’s death. If the Employee fails to designate a beneficiary, or if no designated beneficiary survives the Employee’s death, the Employee’s estate shall be deemed the
Employee’s Beneficiary. Without limiting the generality of the foregoing, except as aforesaid, the Option may not be sold, exchanged, assigned, transferred, pledged, hypothecated, encumbered or otherwise disposed of, shall not be assignable by
operation of law, and shall not be subject to execution, attachment, charge, alienation or similar process. Any attempt to effect any of the foregoing shall be null and void and without effect. 

5. Employment by Corporation, Subsidiary or Successor; Termination or Cessation of Employment. For the purpose of these Terms and
Conditions and the Agreement, (a) employment by the Corporation or any Subsidiary of or a successor to the Corporation shall be considered employment by the Corporation, and (b) references to “termination of employment,”
“cessation of employment,” “ceases to be employed,” “ceases to be an Employee” or similar phrases shall mean the last day actually worked (as determined by the Corporation) and shall not include any notice period or any
period of severance or separation pay or pay continuation (whether required by law or custom or otherwise provided) following the last day actually worked. 

6. Protective Covenants. In consideration of, among other things, the grant of the Option to the Employee, the Employee acknowledges
and agrees, by acceptance of the Option, to the following provisions: 
 (a) Non-Solicitation. During the Protective Covenant Period,
the Employee shall not, directly or indirectly, individually or on behalf of any other employer or any other business, person or entity: (i) recruit, induce, Solicit or attempt to recruit, induce or Solicit any Individual Employed by the
Corporation to terminate, abandon or otherwise leave or discontinue employment with the Corporation; or (ii) hire or cause or assist any Individual Employed by the Corporation to become employed by or provide services to any other business,
person or entity whether as an employee, consultant, contractor or otherwise. 
 (b) Customer and Potential Customer
Non-Interference. During the Protective Covenant Period, the Employee shall not, directly or indirectly, individually or (i) on behalf of any other employer or any other business, person or entity, entice, induce, Solicit or attempt or
participate in enticing, inducing or Soliciting, any Customer or Potential Customer of the Corporation to cease or reduce or refrain from doing business with the Corporation; or (ii) on behalf of any Competitive Business, entice, induce,
Solicit or attempt or participate in enticing, inducing or Soliciting, or accept or attempt or participate in accepting, business from any Customer or Potential Customer of the Covered Unit(s). 

(c) Non-Competition. During the Protective Covenant Period, the Employee shall not, directly or indirectly, as an employee, independent
contractor, consultant, officer, director, principal, lender or investor, engage or otherwise participate in any activities with, or provide services to, a Competitive Business, without the prior written consent of the Senior Vice President, Human
Resources or other designated executive officer of the Corporation (which 

  
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consent shall be at such officer’s discretion to give or withhold). Nothing in this Section 6(c) shall preclude the Employee from owning up to one percent (1%) of the equity in any
publicly traded company. 
 (d) No Disparagement or Detrimental Comments. During the Employee’s employment with the Corporation
and thereafter, the Employee shall not, directly or indirectly, make or publish, or cause to be made or published, any statement, observation or opinion, whether verbal or written, that criticizes, disparages, defames or otherwise impugns or
reasonably may be interpreted to criticize, disparage, defame or impugn, the character, integrity or reputation of the Corporation or its products, goods, systems or services, or its current or former directors, officers, employees, agents,
successors or assigns. Nothing in this Section 6(d) is intended or should be construed to prevent the Employee from providing truthful testimony or information to any person or entity as required by law or fiduciary duties or as may be
necessary in the performance of the Employee’s duties in connection with the Employee’s employment with the Corporation. 
 (e)
Confidentiality. During the Employee’s employment with the Corporation and thereafter, the Employee shall not use or disclose, except on behalf of the Corporation and pursuant to and in compliance with its direction and policies, any
Confidential Information of (i) the Corporation or (ii) any third party received by the Corporation which the Corporation is obligated to keep confidential. This Section 6(e) will apply in addition to, and not in derogation of, any
other confidentiality or non-disclosure agreement that may exist, now or in the future, between the Employee and the Corporation. 

(f) Consideration and Acknowledgment. The Employee acknowledges and agrees to each of the following: (i) the Employee’s
acceptance of the Option and participation in the Plan is voluntary; (ii) the benefits and rights provided by the Agreement and Plan are wholly discretionary and, although provided by the Corporation, do not constitute regular or periodic
payments; (iii) the benefits and compensation provided under the Agreement are in addition to the benefits and compensation that otherwise are or would be available to the Employee in connection with the Employee’s employment with the
Corporation, and the grant of the Option is expressly contingent on the Employee’s agreement with the Corporation contained in Sections 6 and 7; (iv) the scope and duration of the restrictions in Section 6 are fair and
reasonable; (v) if any provisions of Sections 6(a), 6(b), 6(c), 6(d) or 6(e), or any part thereof, are held to be unenforceable, the court making such determination shall have the power to revise or modify such provision to make it enforceable
to the maximum extent permitted by applicable law and, in its revised or modified form, such provision shall then be enforceable, and if the provision is not capable of being modified or revised so that it is enforceable, it shall be excised from
these Terms and Conditions without affecting the enforceability of the remaining provisions; and (vi) the time period of the Employee’s obligations under Sections 6(a), 6(b) and 6(c) shall be extended by a period equal to the length of any
breach of those obligations by the Employee, in addition to any and all other remedies provided by these Terms and Conditions or otherwise available to the Corporation at law or in equity. 

  
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 (g) Definitions. For purposes of Section 6 of these Terms and Conditions, the
following definitions shall apply: 
 (1) “Competitive Business” means any business, person or entity that is engaged, or
planning or contemplating to engage within a period of twelve (12) months, in any business activity that is competitive with the business and business activities engaged in by the Covered Unit(s). 

(2) “Confidential Information” means confidential, proprietary or trade secret information, whether or not marked or
otherwise designated as confidential, whether in document, electronic or other form, and includes, but is not limited to, information that is not publicly known regarding finances, business and marketing plans, proposals, projections, forecasts,
existing and prospective customers, vendor identities, employees and compensation, drawings, manuals, inventions, patent applications, process and fabrication information, research plans and results, computer programs, databases, software flow
charts, specifications, technical data, scientific and technical information, test results and market studies. 
 (3)
“Corporation” means, and shall be deemed to include, the Corporation and any Subsidiary. 
 (4) “Covered
Unit(s)” means: (i) during the period of the Employee’s employment with the Corporation, each business unit of the Corporation; and (ii) following the Employment Termination Date, each business unit of the Corporation in or
for which the Employee was employed or to which the Employee provided services or about which the Employee obtained or had access to Confidential Information, in each case of this clause (ii) at any time within the twenty-four (24)-month period
prior to the Employment Termination Date. The Employee acknowledges and agrees that if the Employee is or was employed at a segment level, the Employee is providing or has provided services to and for, and has obtained and has or had access to
Confidential Information about, each business unit of such segment; and if the Employee is or was employed at the corporate/headquarters level, the Employee is providing or has provided services to and for, and has obtained and has or had access to
Confidential Information about, each business unit of the Corporation. 
 (5) “Customer” means, with respect to the
Corporation or the Covered Unit(s), as the case may be, any business, person or entity who purchased any products, goods, systems or services from the Corporation or such Covered Unit(s) at any time during the preceding twenty-four (24) months
(or, if after the Employment Termination Date, the last twenty-four (24) months of the Employee’s employment with the Corporation) and either with whom the Employee dealt in the course of performing the Employee’s job duties for the
Corporation or about whom the Employee has or had Confidential Information. 
 (6) “Employment Termination Date” means the
date of termination of the Employee’s employment with the Corporation, voluntarily or involuntarily, for any reason, with or without cause. 

(7) “Individual Employed by the Corporation” means any employee of the Corporation with whom the Employee dealt in the
course of performing the Employee’s job duties at any time during the preceding twelve (12) months (or, if after the Employment Termination Date, the last twelve (12) months of the Employee’s employment with the Corporation).

  
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 (8) “Potential Customer” means, with respect to the Corporation or the Covered
Unit(s), as the case may be, any business, person or entity targeted during the preceding twelve (12) months (or, if after the Employment Termination Date, the last twelve (12) months of the Employee’s employment with the Corporation)
as a customer to purchase any products, goods, systems or services from the Corporation or such Covered Unit(s) and (i) with whom the Employee had direct or indirect contact, (ii) for whom the Employee participated in the development or
execution of the plan to sell products, goods, systems or services of the Corporation or such Covered Unit(s), or (iii) about whom the Employee otherwise has or had Confidential Information. 

(9) “Protective Covenant Period” means the period of the Employee’s employment with the Corporation and the twelve
(12) month period following the Employment Termination Date. 
 (10) “Solicit” and “Soliciting” mean
any direct or indirect communication of any kind, regardless of who initiates it, that in any way invites, advises, encourages or requests any person to take or refrain from taking any actions; provided, for purposes of Section 6(a), the term
“Solicit” excludes the placement of general advertisements inviting applications for employment that are not targeted to employees of the Corporation generally or any specific employees of the Corporation. 

7. Remedies for Breach of Section 6. 

(a) Forfeiture and Clawback. The Employee agrees, by acceptance of the Option, that if the Employee breaches any provision of Sections
6(a), 6(b), 6(c), 6(d) or 6(e), in addition to any and all other remedies available to the Corporation, (i) the Option, whether vested or unvested, shall upon written notice (which may be in electronic form) immediately terminate and lapse and
shall no longer be exercisable as to any shares of Common Stock; and (ii) the Employee shall within five (5) business days following receipt of written demand therefore pay to the Corporation in cash, the amount of the excess of the Fair
Market Value on the exercise date of any shares of Common Stock the Employee acquired upon exercise of the Option (other than any shares acquired upon exercise of the Option more than twelve (12) months before (A) the Employment
Termination Date in the situation where the Employee is no longer employed by the Corporation, or (B) the date of such breach in the situation where the Employee is employed by the Corporation), over the exercise price for such shares of Common
Stock. 
 (b) Additional Relief. The Employee agrees, by acceptance of the Option, that: (i) the remedy provided for in
Section 7(a) shall not be the exclusive remedy available to the Corporation for a breach of the provisions of Sections 6(a), 6(b), 6(c), 6(d) or 6(e) and shall not limit the Corporation from seeking damages or injunctive relief; and
(ii) the Corporation’s remedies at law may be inadequate to protect the Corporation against any actual or threatened breach of the provisions of Sections 6(a), 6(b), 6(c), 6(d) or 6(e), and therefore, without prejudice to any other rights
and remedies otherwise available to the Corporation at law or in equity 

  
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(including, but not limited to, the rights under Section 7(a)), in addition to and cumulative with such rights, the Corporation shall be entitled to the granting of injunctive relief in its
favor and to specific performance without proof of actual damages and without the requirement of posting of any bond or similar security. 

(c) Forum. The Employee agrees, by acceptance of the Option, that any judicial action brought with respect to the provisions of
Sections 6 or 7 of these Terms and Conditions may be filed in the United States District Court for the Middle District of Florida or in the Circuit Court of Brevard County, Florida and hereby consents to the jurisdiction of such courts and waives
any objection he/she may now or hereafter have to such venue. 
 (d) Change in Control. If a Change in Control shall occur, the
provisions of Sections 6 and 7 shall immediately terminate and be of no further force and effect. 
 8. Securities Law Requirement.
The Corporation shall not be required to issue shares upon exercise of the Option unless and until: (a) such shares have been duly listed upon each stock exchange on which the Corporation’s Common Stock is then registered; and (b) a
registration statement under the Securities Act of 1933 with respect to such shares is then effective. 
 9. Board Committee
Administration. The Board Committee shall have authority, subject to the express provisions of the Plan as in effect from time to time, to construe these Terms and Conditions and the Agreement and the Plan, to establish, amend and rescind rules
and regulations relating to the Plan, and to make all other determinations in the judgment of the Board Committee necessary or desirable for the administration of the Plan. The Board Committee may correct any defect or supply any omission or
reconcile any inconsistency in these Terms and Conditions and the Agreement in the manner and to the extent it shall deem expedient to carry the Plan into effect, and it shall be the sole and final judge of such expediency. 

10. Adjustments. Unusual or non-recurring losses or charges that are separately identified and quantified in the Corporation’s
audited financial statements and notes thereto, including, but not limited to, extraordinary items, changes in tax laws, changes in generally accepted accounting principles, impact of discontinued operations, restructuring charges or restatement of
prior period financial results, shall be excluded from the calculation of performance results for purposes of the Plan. However, the Board Committee can choose to include any or all such unusual or non-recurring items as long as inclusion of each
such item causes the Award to be reduced. 
 11. Impact of Restatement of Financial Statements. If any of the Corporation’s
financial statements for any fiscal year(s) included in the Performance Period are restated after the Performance Period, whether as a result of errors, omissions or fraud, and the financial results of such fiscal year(s) are negatively affected,
the Board Committee (in its sole discretion, but acting in good faith): (a) if the Option has not been exercised, may reduce the number of Shares as to which the Option has vested and become exercisable to the number of Shares as to which the
Option would have vested and become exercisable if the financial statements had been initially filed as restated; or (b) if the Option has been exercised, may direct that the Corporation recover (i) all or a portion of any Shares issued
upon exercise of the Option that exceeded the number of Shares that would have been issued upon exercise of the Option, and (ii) any amount by which a payment received by the Employee as a result of selling Shares issued upon exercise of the
Option exceeded the amount that would have been payable as a result of selling such Shares, in each case, if the financial statements had been initially filed as restated, or any greater 

  
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or lesser amount (including, but not limited to, the entire Award, all Shares issued upon exercise of the Option and any amount received by the Employee as a result of selling Shares issued upon
exercise of the Option) that the Board Committee shall determine. The Board Committee shall determine whether the Corporation shall effect any such recovery by: (A) seeking repayment from the Employee; (B) reducing the amount that would
otherwise be payable to the Employee under any compensatory plan, program or arrangement maintained by the Corporation, a Subsidiary or any of its Affiliates; (C) withholding payment of future increases in compensation (including the payment of
any discretionary bonus amount) or grants of compensatory awards that would otherwise have been made in accordance with the Corporation’s otherwise applicable compensation practices; or (D) any combination of the foregoing or otherwise
(subject, in each of subclause (B), (C) and (D), to applicable law, including, without limitation, Section 409A of the Code, and the terms and conditions of the applicable plan, program or arrangement). This Section 11 shall be a
non-exclusive remedy, and nothing in this Section 11 shall preclude the Corporation from pursuing any other applicable remedies available to it, whether in addition to or in lieu of this Section 11. 

12. Incorporation of Plan Provisions. These Terms and Conditions and the Agreement are made pursuant to the Plan, the provisions of
which are hereby incorporated by reference. Capitalized terms not otherwise defined herein have the meanings set forth for such terms in the Plan. In the event of a conflict between the terms of these Terms and Conditions and the Agreement and the
Plan, the terms of the Plan shall govern. 
 13. Data Privacy; Electronic Delivery. By acceptance of the Option, the Employee
acknowledges and agrees that: (a) data, including the Employee’s personal data, necessary to administer the Agreement may be exchanged among the Corporation and its Subsidiaries and affiliates as necessary, and with any vendor engaged by
the Corporation to assist in the administration of equity awards; and (b) unless and until revoked in writing by the Employee, information and materials in connection with this Agreement or any awards under the Plan, including, but not limited
to, any prospectuses and plan document, may be provided by means of electronic delivery (including by e-mail, by web site access and/or by facsimile). 

14. Miscellaneous. These Terms and Conditions and the other portions of the Agreement: (a) shall be binding upon and inure to the
benefit of any successor of the Corporation; (b) shall be governed by the laws of the State of Delaware and any applicable laws of the United States; and (c) except as permitted under Sections 3.2, 12 and 13.6 of the Plan, may not be
amended without the written consent of both the Corporation and the Employee. The Agreement shall not in any way interfere with or limit the right of the Corporation or any Subsidiary to terminate the Employee’s employment or service with the
Corporation or any Subsidiary at any time, and no contract or right of employment shall be implied by these Terms and Conditions and the Agreement of which they form a part. If the Corporation’s obligations and duties with respect to the Option
are assumed or a new option is substituted therefor in any corporate reorganization (including, but not limited to, any transaction of the type referred to in Section 424(a) of the Code), employment by such assuming or substituting corporation
or by a parent corporation or subsidiary thereof shall be considered for all purposes of the Option to be employment by the Corporation. 

  
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