Document:

EX-4.8

 Exhibit 4.8 
  

 
  

COMMON TERMS AGREEMENT 
 among

 BATH COUNTY ENERGY, LLC, 
 as
Borrower, 
 MORGAN STANLEY SENIOR FUNDING, INC., 

as Administrative Agent, 
 THE BANK
OF NEW YORK MELLON, 
 as Collateral Agent, 

THE BANK OF NEW YORK MELLON, 
 as
Intercreditor Agent, 
 each FRN Holder, each Lender and each Revolving Facility Issuing Bank from Time to Time 

Party Hereto 
 dated as of
December 11, 2017 
  
  

 

 TABLE OF CONTENTS 

 

							
	 	 	 	  	Page	 
	 SECTION 1.
	 	DEFINITIONS	  	 	2	 
	 1.1
	 	Defined Terms	  	 	2	 
	 1.2
	 	Other Definitional and Interpretive Provisions	  	 	31	 
			
	 SECTION 2.
	 	FACILITIES, FEES AND COLLATERAL	  	 	32	 
	 2.1
	 	Incurrence of Obligations	  	 	32	 
	 2.2
	 	Fees	  	 	32	 
			
	 SECTION 3.
	 	COMMON PAYMENT PROVISIONS	  	 	33	 
	 3.1
	 	Repayment of Principal	  	 	33	 
	 3.2
	 	Optional Prepayments	  	 	33	 
	 3.3
	 	Mandatory Prepayments	  	 	33	 
	 3.4
	 	Payments Generally	  	 	40	 
			
	 SECTION 4.
	 	REPRESENTATIONS AND WARRANTIES	  	 	41	 
	 4.1
	 	No Change	  	 	41	 
	 4.2
	 	Organization, Power and Authority	  	 	42	 
	 4.3
	 	Authorization and Enforceability, Etc.	  	 	42	 
	 4.4
	 	No Conflicts	  	 	42	 
	 4.5
	 	Governmental Authorizations, Etc.	  	 	42	 
	 4.6
	 	Use of Proceeds; Margin Regulations	  	 	42	 
	 4.7
	 	Foreign Assets Control Regulations, Etc.	  	 	43	 
	 4.8
	 	Status under Certain Statutes	  	 	44	 
	 4.9
	 	Security Documents	  	 	44	 
	 4.10
	 	Solvency	  	 	45	 
			
	 SECTION 5.
	 	COMMON CONDITIONS PRECEDENT	  	 	45	 
	 5.1
	 	Conditions to Closing Date	  	 	45	 
	 5.2
	 	Conditions to Funding Date	  	 	47	 
			
	 SECTION 6.
	 	INFORMATION AS TO THE BORROWER	  	 	53	 
	 6.1
	 	Financial Statements	  	 	53	 
	 6.2
	 	Other Information	  	 	54	 
	 6.3
	 	Officer’s Certificates	  	 	56	 
	 6.4
	 	Visitation	  	 	56	 
			
	 SECTION 7.
	 	AFFIRMATIVE COVENANTS	  	 	57	 
	 7.1
	 	Compliance with Laws	  	 	57	 
	 7.2
	 	Insurance	  	 	57	 
	 7.3
	 	Maintenance of Properties	  	 	57	 
	 7.4
	 	Payment of Taxes; Fees	  	 	57	 
	 7.5
	 	Legal Existence, Conduct of Business, Payment of Obligations, Etc.	  	 	58	 
	 7.6
	 	Books and Records	  	 	58	 
	 7.7
	 	Continued Perfection of Security Interests	  	 	58	 

  
 i 

							
	 7.8
	 	Use of Proceeds	  	 	59	 
	 7.9
	 	Separateness	  	 	59	 
	 7.10
	 	Compliance with Material Project Documents	  	 	59	 
	 7.11
	 	Energy Regulation	  	 	60	 
	 7.12
	 	Account Control Agreements	  	 	60	 
			
	 SECTION 8.
	 	NEGATIVE COVENANTS	  	 	60	 
	 8.1
	 	Transactions with Affiliates	  	 	60	 
	 8.2
	 	Prohibition on Fundamental Changes; Line of Business	  	 	60	 
	 8.3
	 	Terrorism Sanctions Regulations	  	 	61	 
	 8.4
	 	Liens	  	 	61	 
	 8.5
	 	Indebtedness	  	 	61	 
	 8.6
	 	Sale of Assets	  	 	62	 
	 8.7
	 	Investments	  	 	62	 
	 8.8
	 	Restricted Payments	  	 	63	 
	 8.9
	 	Amendments to Organizational Documents; Etc.	  	 	63	 
	 8.10
	 	Material Project Documents; Etc.	  	 	64	 
	 8.11
	 	Maintenance of Accounts	  	 	64	 
	 8.12
	 	Tax Elections	  	 	65	 
	 8.13
	 	Swap Agreements	  	 	65	 
			
	 SECTION 9.
	 	EVENTS OF DEFAULT	  	 	65	 
	 SECTION 10.
	 	REMEDIES	  	 	69	 
	 10.1
	 	Acceleration	  	 	69	 
	 10.2
	 	Cash Collateralization	  	 	70	 
	 10.3
	 	Application of Proceeds	  	 	70	 
			
	 SECTION 11.
	 	MISCELLANEOUS	  	 	70	 
	 11.1
	 	Amendments and Waivers	  	 	70	 
	 11.2
	 	Notices	  	 	74	 
	 11.3
	 	No Waiver; Cumulative Remedies	  	 	75	 
	 11.4
	 	Survival of Representations and Warranties	  	 	75	 
	 11.5
	 	Payment of Expenses and Taxes	  	 	75	 
	 11.6
	 	Successors and Assigns; Participations and Assignments	  	 	76	 
	 11.7
	 	Adjustments; Set-off	  	 	77	 
	 11.8
	 	Counterparts	  	 	78	 
	 11.9
	 	Severability	  	 	78	 
	 11.10
	 	Integration	  	 	78	 
	 11.11
	 	GOVERNING LAW	  	 	78	 
	 11.12
	 	Submission To Jurisdiction; Waivers	  	 	78	 
	 11.13
	 	Acknowledgements	  	 	79	 
	 11.14
	 	Confidentiality	  	 	79	 
	 11.15
	 	WAIVERS OF JURY TRIAL	  	 	81	 
	 11.16
	 	USA Patriot Act	  	 	81	 
	 11.17
	 	Scope of Liability	  	 	81	 
	 11.18
	 	Joint Coordinating Lead Arrangers	  	 	83	 
	 11.19
	 	Acknowledgment and Consent to Bail-In of EEA Financial Institutions	  	 	83	 

  
 ii 

 SCHEDULES: 
  

			
	4.9	  	UCC Filing Jurisdictions
	4.9(b)	  	Mortgages
	5.2(c)	  	Permits
	5.2(i)(iii)	  	Survey
	7.2	  	Required Insurance
	7.9	  	Separateness Requirements
	8.4	  	Permitted Liens
	8.5(h)	  	Permitted Indebtedness
	11.2	  	Addresses for Notices

 EXHIBITS: 
  

			
	A	  	Form of Pledge and Security Agreement
	B	  	Form of Intercreditor Agreement
	C	  	Form of Depositary Agreement
	D-1	  	Form of Officer’s Certificate
	D-2	  	Form of Secretary’s Certificate
	E	  	Form of Insurance Broker’s Funding Date Certificate
	F	  	Form of Solvency Certificate
	G	  	Form of Joinder
	H	  	Form of Operating Report
	I	  	Form of Material Project Documents and Bath Minority Management Agreement

  

  
 iii 

 COMMON TERMS AGREEMENT (this “Agreement”), dated as of December 11,
2017, among BATH COUNTY ENERGY, LLC, a Delaware limited liability company (the “Borrower”), MORGAN STANLEY SENIOR FUNDING, INC., as Administrative Agent for the Lender Parties (in such capacity, the “Administrative
Agent”), THE BANK OF NEW YORK MELLON, as Collateral Agent for the Secured Parties (in such capacity, the “Collateral Agent”), THE BANK OF NEW YORK MELLON, as Intercreditor Agent for the Secured Parties (in such capacity,
the “Intercreditor Agent”), each FRN Holder party hereto from time to time and each Lender Party party hereto from time to time. 

RECITALS 
 WHEREAS, the
Borrower is a wholly-owned indirect subsidiary, and Bath County Energy Holdings, LLC (“Holdings”) is a wholly-owned direct subsidiary, of Aspen Generating, LLC, a Delaware limited liability company (the “Acquisition Parent
Company”); 
 WHEREAS, pursuant to that certain Amended and Restated Equity Interest and Asset Purchase Agreement, dated as of
August 30, 2017 (the “Purchase Agreement”), among Allegheny Energy Supply Company, LLC, a Delaware limited liability company (“AE Supply”), Buchanan Energy Company of Virginia, LLC, a Virginia LLC, Allegheny
Generating Company, a Virginia corporation (“Allegheny” and, together with AE Supply, each a “Seller” and, collectively, the “Sellers”) and the Acquisition Parent Company, the Acquisition Parent
Company has agreed to, among other things, purchase the Purchased Bath Assets (as defined in the Purchase Agreement) (the “Acquisition”); 

WHEREAS, pursuant to that certain Assignment Agreement to be dated as of the date of the closing of the Acquisition between the Acquisition
Parent Company and the Borrower (the “Assignment Agreement”), the Acquisition Parent Company will assign to the Borrower its right to acquire the Project from Allegheny; 

WHEREAS, the Borrower is entering into the Credit Agreement, dated as of the date hereof (as amended, amended and restated, supplemented,
refinanced, replaced or otherwise modified from time to time, the “Credit Agreement”), with the Administrative Agent, each of the Lenders party thereto from time to time and each of the Revolving Facility Issuing Banks party thereto
from time to time, which, among other things, establishes certain senior secured credit facilities, pursuant to which the Lender Parties will agree, inter alia, to provide Revolving Loans and Letters of Credit under a Revolving Facility to fund
working capital expenditures and for other general corporate purposes, including to support the obligations of the Borrower under Permitted Commodity Hedge and Power Sales Agreements, the Bath Operating Agreement, and other collateral requirements
of the Borrower, and to fund the Debt Service Reserve Account, and the Lenders and the Revolving Facility Issuing Banks are willing to provide such senior secured credit facilities; 

WHEREAS, the Borrower intends to issue $300,000,000 in aggregate principal amount of 4.58% senior secured notes, which will mature on the
fifteenth (15th) anniversary of the Funding Date (the “Fixed Rate Notes”), pursuant to a Note Purchase Agreement, dated as of the date hereof (as amended, amended and restated,
supplemented, refinanced, replaced or otherwise modified from time to time, the “Note Purchase Agreement”), among the Borrower and the FRN 

  
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Aspen Bath – Common Terms Agreement 

 
Holders, the proceeds of which will be applied to pay the Sellers (or to reimburse LS Power Equity Partners III, L.P. (the “Sponsor”)) for a portion of the Bath Purchase Price
(as defined in the Purchase Agreement), to pay related transaction costs, fees and expenses incurred in connection with the Transactions and to fund the Debt Service Reserve Account (unless the Debt Service Reserve Account is to be funded on the
Funding Date with a Letter of Credit), and the FRN Holders are willing to purchase such Fixed Rate Notes on the terms and subject to the conditions set forth in the Credit Documents; 

WHEREAS, the Borrower and Holdings have agreed to secure all of their Obligations (as hereinafter defined) by granting to the Collateral
Agent, for the benefit of the Secured Parties (as hereinafter defined), a first priority lien on the Collateral (as hereinafter defined); and 

WHEREAS, the Borrower, the Administrative Agent, the Collateral Agent, the Intercreditor Agent, the FRN Holders and the Lender Parties desire
to enter into this Agreement in order to set out certain provisions regarding, inter alia, common conditions to the occurrence of the Closing Date and the Funding Date, common representations and warranties of the Obligors, common covenants of the
Obligors and common Events of Default of the Obligors, in each case, under the Credit Documents. 
 NOW, THEREFORE, in consideration of the
premises and the mutual covenants and agreements herein, the parties hereto hereby agree as follows: 
 SECTION 1. DEFINITIONS 

1.1 Defined Terms. As used in this Agreement (including in the preamble and recitals hereof), the terms listed in this
Section 1.1 shall have the respective meanings set forth in this Section 1.1. 

“Acceptable Bank”: any United States commercial bank(s) or financial institution(s) or a United States branch of a foreign
commercial bank(s) or financial institution(s) having a long-term unsecured senior debt rating of at least BBB+ by S&P or at least Baa1 by Moody’s. 

“Acceptable Letter of Credit”: an irrevocable letter of credit (a) that is issued by an Acceptable Bank in favor of the
Collateral Agent (for the benefit of the Secured Parties) and (b) that is drawable if (i) it is not renewed or replaced at least thirty (30) days prior to its stated maturity date or (ii) a Negative Credit Event occurs with
respect to the issuer and a replacement letter of credit has not been obtained from an Acceptable Bank within the earlier of (x) thirty (30) days after the downgrade giving rise to such Negative Credit Event and (y) two (2) Business Days
prior to its stated maturity date. 
 “Account Control Agreements”: as defined in Section 7.12.

 “Acquisition Parent Company”: as defined in the recitals hereto. 

“Acquisition”: as defined in the recitals hereto. 

“Acquisition Parent Company”: as defined in the recitals hereto. 

  
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Aspen Bath – Common Terms Agreement 

 “Additional Project Documents”: any contract or agreement related to the
operation, maintenance, management, administration, ownership or use of the Project, the provision of electricity, water and other inputs therefor, the sale of electricity, RECs or other products therefrom or the provision of services therefor,
entered into by, or assigned to, the Borrower subsequent to the Funding Date, but excluding (a) for the avoidance of doubt any agreements, documents and instruments providing for, governing or evidencing any Indebtedness permitted to be
incurred under Section 8.5 (and, if applicable, any collateral or security agreements, documents and instruments relating thereto), (b) any contracts, agreements and other documents entered into in connection with
(i) any Asset Disposition permitted under Section 8.6 or (ii) any Investment permitted under Section 8.7, (c) any Commodity Hedge and Power Sales Agreement and (d) any other contract
or agreement for which the anticipated revenues or costs to the Borrower are less than $2,000,000. 
 “Administrative
Agent”: as defined in the preamble hereto. 
 “AE Supply”: as defined in the recitals hereto. 

“Affiliate”: at any time, and with respect to any Person, any other Person that at such time directly or indirectly through
one or more intermediaries Controls, or is Controlled by, or is under common Control with, such first Person. 
 “Affiliated Debt
Fund”: any Affiliate of the Sponsor (other than Holdings or the Borrower) that is a bona fide diversified debt fund either (a) with information barriers in place restricting the sharing of investment-related and other information
between it and the Sponsor and the Obligors or (b) whose managers have fiduciary duties to the investors of such fund independent of their fiduciary duties to the investors in the Sponsor and with information barriers in place restricting the
sharing of investment-related and other information between such managers and the Sponsor; provided that neither the Sponsor nor any Obligor (nor any of the Sponsor’s nor any Obligor’s officers, directors or employees), directly or
indirectly, possess the power to direct or cause the direction of the investment policies of any such fund. 
 “Affiliated Financing
Parties”: collectively, any Affiliate of the Borrower (other than Holdings or any Affiliated Debt Fund). 

“Agent”: the Collateral Agent, the Intercreditor Agent, the Depositary Agent and/or the Administrative Agent, as the context
may require. 
 “Agreement”: as defined in the preamble hereto. 

“Allegheny”: as defined in the recitals hereto. 

“Anti-Corruption Laws” as defined in Section 4.7(d)(i). 

“Anti-Money Laundering Laws”: as defined in Section 4.7(c)(i). 

“Applicable Law”: with respect to any Person, property or matter, any of the following applicable thereto: any statute, law,
regulation, ordinance, rule, judgment, rule of common law, order, decree, authorization, approval, concession, grant, franchise, license, agreement, directive, guideline, policy, requirement, or other governmental restriction or any similar form of
decision of, or determination by, or any interpretation or administration of any of the foregoing, by any Governmental Authority, whether in effect as of the Closing Date or thereafter and in each case as amended. 

  
 3 

Aspen Bath – Common Terms Agreement 

 “Approved Fund”: as defined in the Credit Agreement. 

“Asset Disposition”: any sale, lease (other than an operating lease entered into in the ordinary course of business),
transfer, issuance or other disposition, or a series of related sales, leases, transfers, issuances or dispositions that are part of a common plan, of property or other assets (each referred to for the purposes of this definition as a
“disposition”) by the Borrower to any Person, other than: 
 (a) the disposition of obsolete, damaged, worn out or surplus
property, assets or rights (including surplus real property), or property, assets or rights not used or useful in the business of the Borrower and where such property is not otherwise material to the operation of the Project or the business of the
Borrower; 
 (b) any disposition of inventory or other product or byproduct of the business of the Borrower in the ordinary course of
business; 
 (c) sales of (and the granting of any option or other right to purchase, lease or otherwise acquire) power, natural gas, fuel,
capacity, emissions credits, RECs, or ancillary services or other inventory in the ordinary course of business; 
 (d) sales or discounts
without recourse of accounts receivable arising in the ordinary course of business in connection with the compromise or collection thereof; 

(e) leases or subleases of real or personal property in the ordinary course of business not materially interfering with the conduct by the
Borrower of its business on or at the property that is the subject of such lease or sublease; 
 (f) termination or unwinding of Commodity
Hedge and Power Sales Agreements; 
 (g) the liquidation, sale or use of cash and Cash Equivalents; and 

(h) other sales or transfers on an arm’s-length basis for cash consideration having a fair market
value not to exceed (i) $5,000,000 in any fiscal year and (ii) $15,000,000 in the aggregate for all such sales or transfers for the period from the Funding Date until the Scheduled Termination Date; provided that such sale or transfer is not
reasonably expected to materially and adversely affect the operation and maintenance of the Project. 
 “Assignee”: as
defined in the Credit Agreement. 
 “Assignment Agreement”: as defined in the recitals hereto. 

  
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Aspen Bath – Common Terms Agreement 

 “Available Amount”: with respect to any Letter of Credit, at any time, the
maximum amount available to be drawn under such Letter of Credit at such time (assuming compliance at such time with all conditions to drawing). 

“Bail-In Action”: the exercise of any Write-Down and Conversion Powers by the
applicable EEA Resolution Authority in respect of any liability of an EEA Financial Institution. 

“Bail-In Legislation”: with respect to any EEA Member Country implementing Article 55
of Directive 2014/59/EU of the European Parliament and of the Council of the European Union, the implementing law for such EEA Member Country from time to time which is described in the EU Bail-In Legislation
Schedule. 
 “Base Case Model”: the pro-forma model dated November 20, 2017,
delivered by the Borrower to the FRN Holders and the Administrative Agent, containing financial projections for the Borrower and the Project through 2037, which shall be the model also delivered to KBRA and used to provide the final rating of the
Fixed Rate Notes. 
 “Bath Minority Management Agreement” the Minority Owner Management Agreement, to be entered into
between, the Borrower and Allegheny. 
 “Bath Operating Agreement”: the Bath County Pumped Storage Project Operating
Agreement, dated June 17, 1981, among Monongahela Power Company, Allegheny, AE Supply (as successor-in-interest to The Potomac Edison Company and West Penn Power
Company), the Borrower and VEPCO, as amended on or prior to the Funding Date. 
 “Bath Ownership Agreement”: the Project
Construction and Purchase Agreement, dated June 17, 1981, among Monongahela Power Company, Allegheny, AE Supply (as successor-in-interest to The Potomac Edison
Company and West Penn Power Company), the Borrower and VEPCO, as amended on or prior to the Funding Date. 
 “Benefited Financing
Party”: as defined in Section 11.7(a). 
 “Board”: the Board of Governors of the Federal
Reserve System of the United States (or any successor). 
 “Borrower”: as defined in the preamble hereto. 

“Borrowing Notice”: as defined in the Credit Agreement. 

“Business Day”: any day other than a Saturday, a Sunday or a day on which commercial banks in New York, New York are required
or authorized to be closed; provided that, with respect to notices and determinations in connection with, and payments of principal of and interest on, Eurodollar Loans, such day is also a day for trading by and between banks in Dollar
deposits in the interbank Eurodollar market. 

  
 5 

Aspen Bath – Common Terms Agreement 

 “Capital Expenditures”: expenditures incurred for the acquisition of any
fixed assets or improvements, replacements, substitutions or additions thereto that have a useful life of more than one year which are capitalized in accordance with GAAP other than in connection with the repair or restoration of the Project that is
required because of an event or occurrence which causes damage to, or the destruction of, all, or any part of, the Project; provided that, for purposes of this Agreement, the term “Capital Expenditures” shall not include
(a) expenditures made in connection with the replacement, substitution, restoration or repair of property to the extent financed with Net Cash Proceeds paid on account of any Casualty Event in respect of the property being replaced,
substituted, restored or repaired, (b) the purchase price of equipment that is purchased simultaneously with the trade-in of existing equipment to the extent that the gross amount of such purchase price
is reduced by the credit granted by the seller of such equipment for the equipment being traded in at such time, (c) O&M Costs, (d) Major Maintenance Expenses or (e) expenses under long-term services agreements, turbine
maintenance agreements, spare parts agreements or other similar agreements. 
 “Capital Lease”: at any time, a lease of (or
other arrangement conveying the right to use) real or personal property, or a combination thereof, which obligations are required to be classified and accounted for as capital leases on a balance sheet of such Person under GAAP, provided that
obligations that are recharacterized as capital leases due to a change in GAAP after the date hereof shall not be treated as capital leases for any purpose under this Agreement. 

“Capital Lease Obligations”: with respect to any Person the obligations of such Person to pay rent or other amounts under a
Capital Lease, and, for the purposes of this Agreement, the amount of such obligations at any time shall be the capitalized amount thereof at such time determined in accordance with GAAP. 

“Cash Collateralized”: with respect to any Letter of Credit, the deposit by the Borrower of cash in a cash collateral account
opened by the Administrative Agent (or by the applicable Revolving Facility Issuing Bank) in an amount at all times equal to 102.5% of the Available Amount of such Letter of Credit on terms and conditions reasonably satisfactory to the
Administrative Agent and the applicable Revolving Facility Issuing Bank issuing such Letter of Credit. “Cash Collateral” shall have a meaning correlative to the foregoing and shall include the proceeds of such cash collateral and
other credit support. 
 “Cash Equivalents”: (a) direct obligations of, or obligations the principal of and interest on
which are unconditionally guaranteed by, the United States (or by any agency thereof to the extent such obligations are backed by the full faith and credit of the United States), in each case maturing within one year from the date of acquisition
thereof; (b) securities issued by any state of the United States or any political subdivision of any such state or any public instrumentality thereof having maturities of not more than one year from the date of acquisition thereof and, at the
time of acquisition, having a rating of A+ or higher from S&P or A1 or higher from Moody’s (or, if at any time neither S&P nor Moody’s shall be rating such obligations, an equivalent rating from another nationally recognized rating
service); (c) investments in commercial paper maturing within 270 days from the date of acquisition thereof and having, at such date of acquisition, a rating of at least A-1 or
P-1 from either S&P or Moody’s (or, if at any time neither S&P nor Moody’s shall be rating such obligations, an equivalent rating from another nationally recognized rating service); (d)
investments in certificates of deposit, banker’s acceptances and time deposits maturing within 270 days from the date of acquisition thereof issued or guaranteed by or placed with the Administrative Agent or any domestic office of any
commercial bank organized under the laws of the United States or any state thereof that (i) is at least “adequately  

  
 6 

Aspen Bath – Common Terms Agreement 

 
capitalized” (as defined in the regulations of its primary federal banking regulator) and (ii) has a Tier 1 capital ratio (as defined in such regulations) of not less than 10%;
(e) demand deposits, including interest bearing money market accounts, time deposits, trust funds, trust accounts, overnight bank deposits, interest-bearing deposits, and certificates of deposit or bankers acceptances of depository institutions,
issued or offered by the Administrative Agent, the Depositary Agent or its affiliates or any domestic office of any commercial bank organized under the laws of the United States or any state thereof that has a combined capital and surplus and
undivided profits of not less than $1,000,000,000; (f) fully collateralized repurchase agreements with a term of not more than 30 days for securities described in clause (a) above and entered into with a financial institution satisfying
the criteria of clause (d) or (e) above; (g) repurchase and reverse repurchase agreements with a term of not more than 30 days collateralized with government securities of the type referred to in clause (a) or (b) above,
including those of the Depositary Agent or any of its affiliates, and entered into with a financial institution satisfying the criteria of clause (d) or (e) above; (h) investments in money market mutual funds having a rating in the highest
investment category granted thereby from S&P or Moody’s, including any mutual fund for which the Depositary Agent or an affiliate of the Depositary Agent serves as investment manager, administrator, shareholder servicing agent, and/or
custodian or subcustodian, notwithstanding that (i) the Depositary Agent or an affiliate of the Depositary Agent receives fees from funds for services rendered, (ii) the Depositary Agent collects fees for services rendered pursuant to the
Depositary Agreement, which fees are separate from the fees received from such funds, and (iii) services performed for such funds and pursuant to this Agreement may at times duplicate those provided to such funds by the Depositary Agent or an
affiliate of the Depositary Agent; (i) other short-term investments utilized by foreign subsidiaries in accordance with normal investment practices for cash management in investments of a type analogous to the foregoing; and (j) cash. 

“Cash Flow Available for Debt Service”: for any period, the remainder of (a) Project Revenues earned during such period,
minus (b) O&M Costs incurred during such period; provided that, notwithstanding anything to the contrary herein, (i) Cash Flow Available for Debt Service for the first full calendar quarter following the Funding Date shall be
(A) actual Cash Flow Available for Debt Service for such quarterly period multiplied by (B) four, (ii) Cash Flow Available for Debt Service for the second full calendar quarter following the Funding Date shall be (A) actual Cash Flow
Available for Debt Service for the two quarterly periods ending on such date multiplied by (B) two, (iii) Cash Flow Available for Debt Service for the third full calendar quarter following the Funding Date shall be (A) actual Cash Flow
Available for Debt Service for the three quarterly periods ending on such date multiplied by (B) four-thirds and (iv) Cash Flow Available for Debt Service for the fourth full calendar quarter following the Funding Date shall be actual Cash
Flow Available for Debt Service for the four quarterly periods ending on such date. 
 “Casualty Event”: an event that
causes any of the Collateral (in whole or in part) to be damaged, destroyed or rendered unfit for normal use for any reason whatsoever, other than (a) ordinary use and wear and tear or (b) any Event of Eminent Domain. 

“CC Offer Date”: as defined in Section 3.3(f). 

“CC Offer to Prepay”: as defined in Section 3.3(f). 

  
 7 

Aspen Bath – Common Terms Agreement 

 “CC Offer Period”: as defined in
Section 3.3(f)(i). 
 “CC Purchase Date”: as defined in
Section 3.3(f)(i)(A). 
 “Change of Control”: 

(a) prior to the consummation of an initial public offering of the Parent, the Parent and/or any of its Affiliates (including each investment
entity that the Parent, directly or indirectly, administers and manages as investment manager, managing member or general partner) shall cease to Control the Borrower unless (1) the entity acquiring Control of the Borrower (or the ownership
interest of the Parent or any direct or indirect parent of the Borrower) is a Qualified Owner and (2) the Borrower provides an affirmation of the then-current rating with respect to the Fixed Rate Notes (after giving effect to the acquisition)
from a Rating Agency; 
 (b) after the consummation of an initial public offering of the Parent, (i) any “person” or
“group” (within the meaning of Rule 13d-3 and Rule 13d-5 under the Exchange Act) other than the Parent Controls the Borrower and (ii) the aggregate voting
ownership interest of the Borrower beneficially owned (within the meaning of Rule 13d-5 of the Exchange Act), directly or indirectly, by such “person” or “group” exceeds the aggregate
voting ownership interest beneficially owned (within the meaning of Rule 13d-5 of the Exchange Act), directly or indirectly, by the Parent; 

(c) within 180 days after the consummation of an initial public offering of the Parent, more than 50% of the Borrower’s executive
leadership team in place at the time of the initial public offering have resigned; and 
 (d) Holdings fails to own 100% of the voting and
economic Equity Interests of the Borrower. 
 “CISADA”: as defined in Section 4.7(a). 

“Closing Date”: the date on which each of the conditions precedent under Section 5.1 have been
satisfied or waived in accordance with the terms of this Agreement. 
 “Code”: the Internal Revenue Code of 1986, as
amended from time to time. 
 “Collateral”: all property that, in accordance with the terms of the Security Documents, is
intended to be subject to any Lien in favor of the Collateral Agent, acting on behalf of and for the benefit of the Secured Parties (or any sub-agent or other Person acting for or on behalf of the Secured
Parties). 
 “Collateral Agent”: as defined in the preamble hereto. 

“Commitment”: as defined in the Credit Agreement. 

“Commitment Fees”: the commitment fees payable by the Borrower to Administrative Agent (for the account of the Lenders)
pursuant to Section 2.3(a) of the Credit Agreement. 

  
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Aspen Bath – Common Terms Agreement 

 “Commodity Hedge and Power Sales Agreement”: any agreement (including each
confirmation entered into pursuant to any master agreement or similar agreement, any tariff or other quasi-governmental binding agreement) providing for any swap, cap, collar, put, call, floor, future, option, spot, forward, credit sleeve, power
and/or capacity purchase and sale agreement (including, but not limited to, any physical call option and any heat rate option), tolling agreement, fuel purchase and sale agreement, emissions credit purchase and sale agreement, REC purchase and sale
agreements, power transmission agreement, fuel transportation agreement, pipeline capacity agreement, fuel storage agreement, netting agreement or similar agreement entered into in respect of any commodity (but excluding any energy management
agreements), and any agreement (including, but not limited to, any guarantee, credit sleeve or similar arrangement) providing for credit support for any of the foregoing. 

“Commonly Controlled Entity”: an entity, whether or not incorporated, that is under common control with the Borrower within
the meaning of Section 4001 of ERISA or is part of a group that includes the Borrower and that is treated as a single employer under Section 414 of the Code. 

“Confidential Information”: as defined in Section 11.14. 

“Consent”: with respect to any Additional Project Document (to the extent required pursuant to
Section 8.10(b)(ii)), a consent to collateral assignment of each counterparty to such Additional Project Document (other than the Borrower), in a form reasonably acceptable to the Administrative Agent, the Collateral Agent
and each FRN Holder. 
 “Contractual Obligation”: as to any Person, any provision of any security issued by such Person or
of any agreement, instrument or other written undertaking to which such Person is a party or by which it or any of its property is bound. 

“Control”: the beneficial ownership (within the meaning of Rule 13d 5 of the Exchange Act), directly or indirectly, of at
least 50.0% of the aggregate voting ownership interest of a Person; and the terms “Controlled” and “Controlling” shall have meanings correlative to the foregoing. 

“Credit Agreement”: as defined in the recitals hereto. 

“Credit Documents”: the collective reference to this Agreement, the Credit Agreement, the Promissory Notes, the Note Purchase
Agreement, the Fixed Rate Notes, the Security Documents, the Fee Letters, and any other written agreement, instrument or undertaking delivered by any Obligor to any Financing Party pursuant to any of the foregoing and designated a “Credit
Document” by the Borrower and the Required FRN Holders or the Required Lenders (excluding any Commodity Hedge and Power Sales Agreements) and any amendment, waiver, restatement, supplement or other modification to any of the foregoing. 

“Credit Facilities”: the reference to the “Revolving Facility” under and as defined in the Credit Agreement. 

  
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Aspen Bath – Common Terms Agreement 

 “Credit Facility Obligations”: the unpaid principal of and interest on
(including interest accruing after the maturity of the Loans, the Letters of Credit, all Revolving L/C Advances and all Revolving L/C Unreimbursed Drawings and interest accruing after the filing of any petition in bankruptcy, or the commencement of
any insolvency, reorganization or like proceeding, relating to the Borrower, whether or not a claim for post-filing or post-petition interest is allowed in such proceeding) the Loans and all other obligations and liabilities of the Borrower to the
Administrative Agent or any Lender Party, whether direct or indirect, absolute or contingent, due or to become due, or now existing or hereafter incurred, which may arise under, out of, or in connection with, the Credit Agreement, any other Credit
Document, the Letters of Credit, or any other document made, delivered or given in connection therewith, whether on account of principal, interest, reimbursement obligations, fees, indemnities, costs, expenses (including all fees, charges and
disbursements of counsel to the Administrative Agent or any Lender Party that are required to be paid by the Borrower pursuant to the terms of the Credit Documents) or otherwise. 

“Debt Service”: for any period, the sum, computed without duplication, of the following: (a) all scheduled payments of
principal in respect of Indebtedness for Borrowed Money paid or payable (including the Loans) during such period (if any), (excluding (i) any payment due at the final maturity date of such Indebtedness for Borrowed Money and (ii) any
mandatory prepayment of the Loans), plus (b) all amounts payable by the Borrower in respect of scheduled interest paid or payable in respect of Indebtedness for Borrowed Money during such period (including scheduled interest on the Loans and
the Fixed Rate Notes), plus (c) all fees payable by the Borrower pursuant to the Credit Documents during such period; provided that, notwithstanding anything to the contrary herein, (i) Debt Service for the first full calendar quarter
following the Funding Date shall be (A) actual Debt Service for such quarterly period multiplied by (B) four, (ii) Debt Service for the second full calendar quarter following the Funding Date shall be (A) actual Debt Service for the
two quarterly periods ending on such date multiplied by (B) two, (iii) Debt Service for the third full calendar quarter following the Funding Date shall be (A) actual Debt Service for the three quarterly periods ending on such date
multiplied by (B) four-thirds and (iv) Debt Service for the fourth full calendar quarter following the Funding Date shall be actual Debt Service for the four quarterly periods ending on such date. 

“Debt Service Coverage Ratio”: for any period, the ratio of (a) Cash Flow Available for Debt Service for such period to
(b) Debt Service for such period. 
 “Debt Service Reserve Account”: the account of such name created under the
Depositary Agreement. 
 “Debt Service Reserve Requirement”: as of any date of determination, an amount no less than
(a) the aggregate scheduled interest with respect to the Fixed Rate Notes and (b) the amount of any letter of credit fees and Commitment Fees projected to be payable in respect of the Revolving Facility, in each case, for the six-month period occurring after such date. 
 “Default”: an event or condition the
occurrence or existence of which would, with the lapse of time or the giving of notice or both, become an Event of Default. 

“Defaulting Lender”: as defined in the Credit Agreement. 

  
 10 

Aspen Bath – Common Terms Agreement 

 “Deposit Account”: as defined in the Uniform Commercial Code of any
applicable jurisdiction and, in any event, including any demand, time, savings, passbook or like account maintained with a bank. 

“Depositary Agent”: The Bank of New York Mellon, together with any of its successors, in its capacity as depositary agent.

 “Depositary Agreement”: that certain Depositary Agreement, among the Borrower, Holdings, the Collateral Agent, the
Intercreditor Agent and the Depositary Bank, which will be substantially in the form attached hereto as Exhibit C, as amended, revised, supplemented or otherwise modified from time to time 

“DBRS”: DBRS Limited or DBRS, Inc., as applicable, and any successor to their rating agency business. 

“EEA Financial Institution”: (a) any credit institution or investment firm established in any EEA Member Country which is
subject to the supervision of an EEA Resolution Authority, (b) any entity established in an EEA Member Country which is a parent of an institution described in clause (a) of this definition, or (c) any financial institution
established in an EEA Member Country which is a subsidiary of an institution described in clauses (a) or (b) of this definition and is subject to consolidated supervision with its parent. 

“EEA Member Country”: any of the member states of the European Union, Iceland, Liechtenstein, and Norway. 

“EEA Resolution Authority”: any public administrative authority or any person entrusted with public administrative authority
of any EEA Member Country (including any delegee) having responsibility for the resolution of any EEA Financial Institution. 

“Elected Excess Amount”: as defined in Section 3.3(b)(i)(F). 

“Energy Management Agreements”: any agreement providing for marketing, trading and sales of fuel, power and other
energy-related products and services including energy and risk management services relating thereto. 
 “Environmental
Claim”: any investigation, notice, notice of violation, claim, action, suit, proceeding, demand, abatement order or other order or directive (conditional or otherwise), by any Governmental Authority or any other Person, arising
(a) pursuant to or in connection with any actual or alleged violation of any Environmental Law; (b) in connection with any Materials of Environmental Concern; or (c) in connection with any actual or alleged damage, injury, threat or
harm to human health or safety (to the extent related to exposure to Materials of Environmental Concern) or the environment (including natural resources). 

“Environmental Laws”: any and all foreign, federal, state, local or municipal laws, rules, orders, regulations, statutes,
ordinances, codes, decrees, requirements of any Governmental Authority or other Applicable Laws (including common law) regulating, relating to or imposing liability or standards of conduct concerning protection of human health and safety or the
environment. 

  
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Aspen Bath – Common Terms Agreement 

 “Equity Interests”: with respect to any Person, any and all shares,
interests, participations or rights in or other equivalents (however designated, whether voting or nonvoting, ordinary or preferred) in the equity or capital of such Person, now or hereafter outstanding, and any and all rights, warrants or options
exchangeable for or convertible into any of the foregoing. 
 “ERISA”: the Employee Retirement Income Security Act of 1974,
as amended from time to time. 
 “ERISA Affiliate”: any trade or business (whether or not incorporated) that is treated as
a single employer together with the Borrower under Section 414 of the Code. 
 “EU
Bail-In Legislation Schedule”: the EU Bail-In Legislation Schedule published by the Loan Market Association (or any successor person), as in effect from time to
time. 
 “Eurodollar Loans”: as defined in the Credit Agreement. 

“Event of Default”: any of the events specified in Section 9; provided that any requirement
for the giving of notice, the lapse of time, or both, has been satisfied. 
 “Event of Eminent Domain”: any compulsory
transfer, seizure or taking by condemnation, eminent domain or exercise of a similar power, or transfer under threat of such compulsory transfer or taking, of any material part of the Collateral or any of the property subject to a Mortgage, by any
agency, department, authority, commission, board, instrumentality or political subdivision of the State of Virginia, the United States or another Governmental Authority having jurisdiction. 

“EWG”: an “exempt wholesale generator,” as such term is defined in Section 1262(6) of PUHCA and the
FERC’s regulations at 18 C.F.R. § 366.1. 
 “Exchange Act”: the Securities Exchange Act of 1934, as amended from
time to time, and the rules and regulations promulgated thereunder from time to time in effect. 
 “Excluded Assets”: as
defined in the Pledge and Security Agreement. 
 “Fee Letters”: (a) each Fee Letter, dated as of the date hereof, between
the Borrower and each Joint Coordinating Lead Arranger, and (b) each other fee letter, dated as of the date hereof, between the Borrower and any other Financing Party (or any Affiliate thereof) that relates to the transactions contemplated
hereby. 
 “FERC”: Federal Energy Regulatory Commission and its successors. 

“Financing Parties”: the collective reference to the Lender Parties and the FRN Holders. 

“Fitch”: Fitch Ratings and any successor to its rating agency business. 

“Fixed Rate Notes”: as defined in the recitals hereto. 

  
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Aspen Bath – Common Terms Agreement 

 “FPA”: the Federal Power Act, as amended, and all rules or regulations
adopted thereunder. 
 “FRN Holder”: initially, each FRN Purchaser, and from and after the issuance and purchase of the
Fixed Rate Notes, each holder of Fixed Rate Notes pursuant to the terms of the Note Purchase Agreement. 
 “FRN
Obligations”: the unpaid principal of and interest on (including interest accruing after the maturity of the Fixed Rate Notes and interest accruing after the filing of any petition in bankruptcy, or the commencement of any insolvency,
reorganization or like proceeding, relating to the Borrower, whether or not a claim for post-filing or post-petition interest is allowed in such proceeding) and Make-Whole Amount, if any, in respect of, the Fixed Rate Notes, and all other
obligations and liabilities of the Borrower in respect of the Fixed Rate Notes, whether direct or indirect, absolute or contingent, due or to become due, or now existing or hereafter incurred, which may arise under, out of, or in connection with,
the Note Purchase Agreement, any other Credit Document, or any other document made, delivered or given in connection herewith or therewith, whether on account of principal, interest, Make-Whole Amount, indemnities, costs, expenses (including all
fees, charges and disbursements of counsel to any FRN Holder that are required to be paid by the Borrower pursuant to the terms of the Credit Documents) or otherwise (whether or not evidenced by any note or instrument and whether or not for the
payment of money). 
 “FRN Purchaser”: each “Purchaser” under and as defined in the Note Purchase Agreement. 

“Funding Date: the date that each of the conditions precedent under Section 5.1 and Section 5.2 has been satisfied or
waived in accordance with the terms of this Agreement. 
 “GAAP”: generally accepted accounting principles in the United
States as in effect from time to time, consistently applied, subject to Section 1.2(b). 
 “Governmental
Authority”: any nation or government, any state or other political subdivision thereof, any agency, authority, instrumentality, regulatory body, court, central bank or other entity exercising executive, legislative, judicial, taxing,
regulatory or administrative functions of or pertaining to government (including any supra-national body exercising such powers or functions, such as the European Union or the European Central Bank), any securities exchange, any self-regulatory
organization (including the National Association of Insurance Commissioners), any applicable regional transmission organization or independent system operator as approved by FERC or the North American Electric Reliability Corporation (or any
applicable regional entity thereof). 
 “Governmental Official”: any (a) governmental official or employee or employee
of any government-owned or government-controlled entity, (b) political party, official of a political party, or candidate for political office, or (c) official of any public international organization or anyone else acting in an official
capacity. 

  
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Aspen Bath – Common Terms Agreement 

 “Guarantee”: any obligation, including a reimbursement, counterindemnity or
similar obligation, of the guaranteeing Person that guarantees or in effect guarantees, or which is given to induce the creation of a separate obligation by another Person (including any bank under any letter of credit) that guarantees or in effect
guarantees, any Indebtedness, leases, dividends or other obligations (the “primary obligations”) of any other third Person (the “primary obligor”) in any manner, whether directly or indirectly, including any
obligation of the guaranteeing person, whether or not contingent, (a) to purchase any such primary obligation or any property constituting direct or indirect security therefor, (b) to advance or supply funds (i) for the purchase or
payment of any such primary obligation or (ii) to maintain working capital or equity capital of the primary obligor or otherwise to maintain the net worth or solvency of the primary obligor, (c) to purchase property, securities or services
primarily for the purpose of assuring the owner of any such primary obligation of the ability of the primary obligor to make payment of such primary obligation or (d) otherwise to assure or hold harmless the owner of any such primary obligation
against loss in respect thereof; provided that the term Guarantee shall not include (A) endorsements of instruments for deposit or collection in the ordinary course of business or (B) Performance Guarantees issued in the ordinary
course of business. The amount of any Guarantee of any guaranteeing person shall be deemed to be the lower of (1) an amount equal to the stated or determinable amount of the primary obligation in respect of which such Guarantee is made and
(2) the maximum amount for which such guaranteeing person may be liable pursuant to the terms of the instrument embodying such Guarantee, unless such primary obligation and the maximum amount for which such guaranteeing person may be liable are
not stated or determinable, in which case the amount of such Guarantee shall be such guaranteeing person’s maximum reasonably anticipated liability in respect thereof as determined by the Borrower in good faith. The term “Guarantee”
as a verb has a corresponding meaning. 
 “Holdings”: as defined in the recitals hereto. 

“Indebtedness”: with respect to any Person, at any time, without duplication 

(a) all Indebtedness for Borrowed Money of such Person; 

(b) its liabilities for the deferred purchase price of property acquired by such Person (excluding accounts payable arising in the ordinary
course of business but including all liabilities created or arising under any conditional sale or other title retention agreement with respect to any such property); 

(c) (i) all liabilities appearing on its balance sheet in accordance with GAAP in respect of Capital Leases and (ii) all liabilities
which would appear on its balance sheet in accordance with GAAP in respect of Synthetic Leases assuming such Synthetic Leases were accounted for as Capital Leases; 

(d) the obligations under all Swap Agreements of such Person; and 

(e) any Guarantee of such Person with respect to liabilities of a type described in any of clauses (a) through (d) hereof; 

Indebtedness of any Person shall include all obligations of such Person of the character described in clauses (a) through (e) to the extent such
Person remains legally liable in respect thereof notwithstanding that any such obligation is deemed to be extinguished under GAAP. 

  
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Aspen Bath – Common Terms Agreement 

 “Indebtedness for Borrowed Money”: of any Person, at any date of
determination, the sum, without duplication, of (a) all items that, in accordance with GAAP, would be classified as indebtedness on a consolidated balance sheet of such Person at such date, and (b) all obligations of such Person under
acceptance, letter of credit or similar facilities at such date. For the avoidance of doubt, Indebtedness for Borrowed Money shall not include any Purchase Money Indebtedness or Capital Lease Obligations. 

“Indemnified Liabilities”: as defined in Section 11.5. 

“Indemnitee”: as defined in Section 11.5. 

“Independent Engineer”: Lummus Consultants, and its successors, or another widely recognized independent engineering firm or
engineer retained as an independent engineer by the Borrower, the appointment of which is approved in writing by the Required Financing Parties (such approval not to be unreasonably withheld). 

“Insurance Consultant”: Moore McNeil, LLC, and its successors, or another nationally recognized independent insurance
consultant retained as an insurance consultant by the Borrower, the appointment of which is approved in writing by the Required Financing Parties (such approval not to be unreasonably withheld). 

“Intercompany Indebtedness”: as defined in Section 8.5(e). 

“Intercreditor Agent”: as defined in the preamble hereto. 

“Interest Period”: as defined in the Credit Agreement. 

“Investment Accounts”: the Securities Accounts and the Deposit Accounts. 

“Investments”: as to any Person, any direct or indirect acquisition or investment by such Person by means of (a) the
purchase or other acquisition of any Equity Interest or debt or other securities of another Person, (b) a loan, advance or capital contribution to, Guarantee or assumption of Indebtedness of, or purchase or other acquisition of any other debt
or equity participation or interest in, another Person, including any partnership or joint venture interest in such other Person or (c) the purchase or other acquisition (in one transaction or a series of transactions) of all or substantially
all of the property and assets or business of another Person or assets constituting a business unit, line of business or division of such Person. 

“Investment Grade” or “Investment Grade Rating”: with reference to any Indebtedness, that the Indebtedness
have been assigned a credit rating of: (a) BBB or better by S&P; or (b) Baa2 or better by Moody’s; or (c) BBB or better by Fitch; or (d) BBB or better by KBRA; (e) BBB or better by DBRS or (f) such equivalent
credit Rating from any other Rating Agency. 
 “ITC”: investment tax credit under Section 48 of the Code. 

“Joinder”: a Joinder Agreement substantially in the form of Exhibit G. 

  
 15 

Aspen Bath – Common Terms Agreement 

 “Joint Coordinating Lead Arrangers”: the reference to each of BNP Paribas
Securities Corp., Morgan Stanley Senior Funding, Inc. and Citigroup Global Markets Inc., in each case together with its respective Affiliates, as joint coordinating lead arrangers with respect to the Commitments. 

“KBRA”: Kroll Bond Rating Agency, Inc. and any successor to its rating agency business. 

“Lender Parties”: the collective reference to the Lenders and the Revolving Facility Issuing Banks. 

“Lenders”: as defined in the Credit Agreement. 

“Letter of Credit”: as defined in the Credit Agreement. 

“Lien”: with respect to any Person, any mortgage, lien, pledge, charge, security interest or other encumbrance, or any
interest or title of any vendor, lessor, lender or other secured party to or of such Person under any conditional sale or other title retention agreement or Capital Lease, upon or with respect to any property or asset of such Person (including in
the case of Equity Interests, voting trust agreements and all similar arrangements). 
 “Limited Conditionality
Principles”: to the extent any lien or security interest in any Collateral (other than the pledge and perfection of the security interests after giving effect to the filings to be made pursuant to Section 5.2(i)
and the delivery of documents contemplated pursuant to Section 5.2(i)) is not or cannot be perfected on the Funding Date after the Borrower’s use of commercially reasonable efforts to do so, then in each case, the
creation and/or perfection of a security interest in such Collateral shall not constitute a condition precedent to the availability of the Credit Facilities and the Fixed Rate Notes on the Funding Date, but instead may be accomplished within 30 days
after the Funding Date in accordance with Section 7.7 and the Security Documents. 
 “Liquidity Reserve
Account”: the account of such name created under the Depositary Agreement. 
 “Loan”: as defined in the Credit
Agreement. 
 “Local Accounts”: one or more local checking, deposit or securities accounts with balances that do not exceed
at any time $2,000,000 in the aggregate. 
 “Longstop Date” as defined in Section 5.2. 

“Major Maintenance Expenses”: all costs, other than administrative costs and costs incurred in connection with the day-to-day operation and maintenance of the Project, incurred by the Borrower in accordance with Prudent Industry Practice for any overhaul of, or major maintenance procedure
for, the Project or any part thereof (excluding any such costs that are payable by other Persons under warranty or similar agreements or insurance policies). 

“Make-Whole Amount”: as defined in the Note Purchase Agreement. 

  
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Aspen Bath – Common Terms Agreement 

 “Market Consultant”: Leidos Engineering, LLC. 

“Material Adverse Effect”: a material adverse effect on (a) the business, operations, financial condition, assets or
properties of the Borrower, (b) the ability of the Borrower to perform its obligations under this Agreement or the other Credit Documents to which it is a party, (c) the validity or enforceability of this Agreement or the other Credit
Documents or (d) the material rights and remedies available to the Collateral Agent, the Lender Parties and the FRN Holders under the Credit Documents or the continued perfection and priority of the Security Documents. 

“Material Project Documents”: (a) the Bath Operating Agreement, (b) the Bath Ownership Agreement and (c) any
agreement that replaces or succeeds any of the foregoing. 
 “Material Project Participants”: (a) with respect to the Bath
Operating Agreement and the Bath Ownership Agreement, VEPCO and (b), with respect to any other Material Project Document, each Person (other than the Borrower) from time to time party to such Material Project Document. 

“Materials of Environmental Concern”: any gasoline or petroleum (including crude oil or any fraction thereof) or petroleum
products or any hazardous or toxic substances, materials or wastes, defined or regulated as such in or under any Environmental Law, including asbestos, toxic mold, polychlorinated biphenyls and urea-formaldehyde insulation. 

“Moody’s”: Moody’s Investors Service, Inc. and any successor to its rating agency business. 

“Mortgages”: (a) the Credit Line Deed of Trust, Security Agreement, Assignment of Rents and Leases and Fixture Filing
(Virginia) to be entered into on the Funding Date by the Borrower to Lawyers Title Realty Services, Inc. for the benefit of the Collateral Agent and (b) any mortgage, deed of trust, assignment of leases and rents required to be delivered by the
Borrower hereunder, in form and substance satisfactory to the Required Financing Parties, acting reasonably. 
 “Multiemployer
Plan”: any Plan that is a “multiemployer plan” (as such term is defined in Section 4001(a)(3) of ERISA). 

“NAIC”: the National Association of Insurance Commissioners or any successor thereto. 

“Negative Credit Event”: with respect to an Acceptable Bank that has issued an Acceptable Letter of Credit, a downgrade in
(including the withdrawal of) the Acceptable Bank’s long-term unsecured senior debt rating by S&P, Moody’s, KBRA or Fitch such that the Acceptable Bank no longer meets the credit criteria set forth in the definition of “Acceptable
Bank.” 

  
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Aspen Bath – Common Terms Agreement 

 “Net Cash Proceeds”: in connection with any Asset Disposition, Casualty
Event or Event of Eminent Domain, the proceeds thereof in the form of cash and Cash Equivalents (including any such proceeds received by way of deferred payment of principal pursuant to a note or installment receivable or purchase price adjustment
receivable or otherwise, but only as and when received), net of attorneys’ fees, accountants’ fees, consultants’ fees, investment banking fees, advisory fees, consent fees, regulatory approval fees, amounts required to be applied to
the repayment of Indebtedness (including any premium, penalty and interest paid in connection with such payment) secured by a Lien expressly permitted hereunder on any asset that is the subject of such Asset Disposition, Casualty Event or Event of
Eminent Domain (other than any Lien pursuant to a Security Document), other customary fees and expenses actually incurred in connection therewith and net of taxes paid or reasonably estimated to be payable as a result thereof by the Borrower,
including transactions or deemed transactions effected in order to carry out the related prepayment (after taking into account any available tax credits or deductions and any tax sharing arrangements), in each case (other than taxes) to the extent
payable to a Person that is not an Affiliate of the Borrower. 
 “Non-Recourse
Persons”: as defined in Section 11.17(a). 
 “Note Purchase Agreement”: as defined in
the recitals hereto. 
 “O&M Costs”: for any period, the sum, computed without duplication among any of the following
categories or from period to period, of all maintenance, operation and administration costs, which are incurred with respect to the Borrower and the Project (or any portion thereof) in any particular period (other than any costs to be funded from
the Distribution Account (as defined in the Depositary Agreement)), including (i) franchise, licensing, sales, property, real estate, excise and other similar taxes (but not taxes on or measured by net income or any income tax equivalent unless
the Borrower is obligated to pay such taxes under any Applicable Law), (ii) costs of any materials, supplies, spare parts, utilities or services for the Project, (iii) electricity and pumping costs (including costs of transmission and related
charges), costs of additives or chemicals and transportation costs related thereto and the cost of other consumables), (iv) premiums for insurance policies, (v) payments under any lease, any Energy Management Agreement, or any other contractual
obligations of the Borrower (including ordinary course settlement payments under the Commodity Hedge and Power Sales Agreements) and any other costs required to be paid to satisfy any Applicable Law, (vi) Major Maintenance Expenses and Capital
Expenditures, (vii) Purchase Money Indebtedness (including Capital Lease Obligations), (viii) legal, accounting and consulting fees and expenses and other transaction costs, (ix) costs of obtaining, maintaining, renewing and amending any
Permits, (x) employee salaries, wages and other employment related costs and (x) other general and administrative expenses, including expenses to keep the Collateral free and clear of all Liens (other than Permitted Liens) and
administrative fees, costs and expenses and indemnification payments due in respect of Indebtedness. The amount of such costs to be attributed to a particular period shall be the amount actually incurred in such period; provided, however,
that O&M Costs shall not include (a) costs, expenses and charges relating to any Casualty Event or Event of Eminent Domain, including any application of Net Cash Proceeds of a Casualty Event or Event of Eminent Domain to a reinvestment,
restoration or repair work in respect of properties affected by the Casualty Event or Event of Eminent Domain or acquisition of replacement property, (b) Debt Service or prepayments or other payments of Indebtedness for Borrowed Money
(excluding Purchase Money Indebtedness to the extent otherwise included), (c) non cash charges, including depreciation or obsolescence charges or reserves therefor, amortization of intangibles or other bookkeeping entries of a similar nature and
(d) payments of any kind with respect to Restricted Payments. 

  
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Aspen Bath – Common Terms Agreement 

 “Obligors”: the Borrower and Holdings. 

“Obligations”: all Credit Facility Obligations and all FRN Obligations. 

“OFAC”: the Office of Foreign Assets Control of the United States Department of the Treasury. 

“OFAC Listed Person”: as defined in Section 4.7(a). 

“OFAC Sanctions Program”: any economic or trade sanction that OFAC is responsible for administering and enforcing. A list of
OFAC Sanctions Programs may be found at http://www.treasury.gov/resource center/sanctions/Programs/Pages/Programs.aspx. 
 “Offer
Date”: as defined in Section 3.3(b)(i). 
 “Offer Period”: as defined in
Section 3.3(b)(i). 
 “Offer to Prepay”: as defined in Section 3.3(b).

 “Parent”: LS Power Equity Partners III L.P. or, following an event that would be a Change in Control but for the ratings
reaffirmation specified in clause (a) of the definition of “Change in Control,” the entity identified by the Borrower as ‘Parent’ thereafter. 

“Participant”: as defined in the Credit Agreement. 

“Pass-Through Entity”: any entity that is treated as an entity disregarded from its owner for U.S. federal income tax
purposes or as a partnership that is not taxable as a corporation for U.S. federal income tax purposes. 
 “Patriot Act”:
as defined in Section 11.16. 
 “PBGC”: the Pension Benefit Guaranty Corporation referred to and
defined in ERISA or any successor thereto. 
 “Performance Guarantee”: any performance guaranty agreement entered into by
the Borrower under which such Person (a) guarantees the performance of the Borrower under a principal lease, offtake, supply, service, construction, operating or other agreement relating to the Project or (b) is otherwise obligated to
provide performance related support in connection with the Project, in each case to the extent such performance guaranty agreement does not guarantee or otherwise relate to Indebtedness for Borrowed Money. 

“Permits”: (a) any action, approval, consent, waiver, exemption, variance, franchise, order, judgment, decree, permit,
authorization, right, filing, registration, ruling, tariff, rate, certification, plan or license or other action or requirement of, with or from a Governmental Authority or (b) any required notice to, any declaration of, or with, or any
registration by any Governmental Authority. 

  
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Aspen Bath – Common Terms Agreement 

 “Permitted Commodity Hedge and Power Sales Agreements”: any Commodity Hedge
and Power Sales Agreement entered into by the Borrower after the Funding Date pursuant to Section 8.13. 

“Permitted Hedge Counterparties”: any Person (i) that (A) is a commercial bank, investment bank, insurance company,
investment fund or other similar financial institution or affiliate thereof, (B) is a public utility or any exchange (e.g., Intercontinental Exchange, Inc.) or regional system operator (e.g. PJM), (C) is in the business of selling, marketing,
purchasing, trading or distributing electric energy or transporting, selling, marketing, trading or storing fuel or (D) is party to a Permitted Commodity Hedge and Power Sales Agreement as of the Funding Date, and (ii) as of the date the
applicable Permitted Commodity Hedge and Power Sales Agreement is entered into, with respect to any such Person other than one described in clause (i)(B) or (D), that has a rating of at least BBB+ by S&P and at least Baa1 by Moody’s (or if
rated by only one of S&P or Moody’s, of at least BBB+ by S&P or at least Baa1 by Moody’s respectively) for its unsecured long-term senior debt obligations (or whose obligations under such Permitted Commodity Hedge and Power Sales
Agreement are guaranteed in full by a guaranty of a Person with such ratings); provided that, if such Person is a Person described in clause (i)(C) (other than a Person also described in clause (i)(B) or (D)) and is a party to a Permitted
Commodity Hedge and Power Sales Agreement that is physically settled, such Person shall, in lieu of the ratings set forth above, be required to have only a rating of at least BBB- by S&P and at least Baa3
by Moody’s (or if rated by only one of S&P or Moody’s, of at least BBB- by S&P or at least Baa3 by Moody’s respectively) for its unsecured long-term senior debt obligations (or whose
obligations under such Permitted Commodity Hedge and Power Sales Agreement are guaranteed in full by an unconditional guaranty of a Person with such ratings); provided, further, that if, as of any date of determination, such Person does not
have any rating of its unsecured long-term senior debt obligations, then such Person’s corporate (or corporate issuer, as applicable) rating shall be at least BBB- by S&P and at least Baa3 by
Moody’s (or if rated by only one of S&P or Moody’s, of at least BBB- by S&P or at least Baa3 by Moody’s respectively). 

“Permitted Indebtedness”: as defined in Section 8.5. 

“Permitted Liens”: 

(a) Liens created pursuant to the Security Documents; 

(b) Liens for (i) Taxes not yet due or (ii) Taxes that are being contested in good faith by appropriate proceedings; provided
that, in the case of sub-clause (ii) only, adequate reserves with respect thereto are maintained on the books of the Borrower in conformity with GAAP; 

(c) carriers’, warehousemen’s, mechanics’, materialmen’s, repairmen’s or other like Liens arising in the ordinary
course of business or in connection with the operation and maintenance of property, which do not in the aggregate materially detract from the value of the property to which they are attached or materially impair the use thereof or that are for
amounts not overdue for a period of more than 90 days or that are being contested in good faith by appropriate dispute resolution or other proceedings and are either bonded over or for which adequate reserves with respect thereto are maintained on
the books of the Borrower, as the case may be, in conformity with GAAP; 

  
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Aspen Bath – Common Terms Agreement 

 (d) Liens, deposits or pledges to secure the performance of trade contracts (other than for
Indebtedness for Borrowed Money), bids, tenders, leases, statutory obligations, surety and appeal bonds, performance bonds and other obligations of a like nature incurred in the ordinary course of business; 

(e) easements, rights-of-way and other similar encumbrances on
title to real property that do not render title to such property encumbered thereby unmarketable or materially adversely affect the use of such property for its present purpose; 

(f) (i) Liens securing Indebtedness incurred under clauses (b) and (g) of Section 8.5 (and Permitted
Refinancing Indebtedness in respect of the same), (ii) Liens securing Purchase Money Indebtedness incurred pursuant to clause 8.5(d) and (iii) Liens securing obligations under any Permitted Commodity Hedge and Power Sales Agreement or other
Swap Agreement permitted under Section 8.13, subject to any applicable limitations in the Intercreditor Agreement; 

(g) Liens in existence on the date hereof set forth on Schedule 8.4; 

(h) Liens securing judgments for the payment of money (not constituting a Default under Section 9(h)) or securing
appeal or other surety bonds related to such judgments; 
 (i) deposits or pledges to secure statutory obligations relating to worker’s
compensation, unemployment insurance or other social security legislation; 
 (j) any interest or title of a lessor under any lease entered
into by the Borrower in the ordinary course of its business and covering only the assets so leased; 
 (k) all matters disclosed on the
Survey delivered on the Funding Date pursuant to Section 5.23(k)(iii) or listed as an exception or Lien in any Title Policy insuring the Property subject to the Mortgage or delivered in connection with
Section 7.7(b); 
 (l) other Liens that would not, in the aggregate, reasonably be expected to materially detract
from the use of the affected property or the value of the Collateral as a whole and that do not secure Indebtedness for Borrowed Money; 

(m) zoning, planning and other similar limitations and restrictions, and all rights of any Governmental Authority to regulate any real
property, including easements and rights of way appertaining thereto; 
 (n) Liens arising by virtue of any statutory or common law provision
relating to banker’s liens, rights of set-off or similar rights; 
 (o) any Lien arising in the
ordinary course of business consistent with past practices by operation of law with respect to a liability that is not yet due or delinquent or which is being contested in good faith by appropriate dispute resolution or other proceedings; 

(p) Liens on accounts receivable and each related deposit or securities account to the extent such accounts receivable are deposited therein
granted in each case on customary terms over no greater than 60 days of receivables pursuant to any Permitted Commodity Hedge and Power Sales Agreement or any Energy Management Agreement and entered into by the Borrower or any of its Affiliates in
the ordinary course of business; 

  
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Aspen Bath – Common Terms Agreement 

 (q) Liens arising under (i) terms and conditions of contractual obligations of the
Borrower in any agreement, instrument or other written undertaking in existence on the Funding Date or (ii) Additional Project Documents not for Indebtedness for Borrowed Money and otherwise permitted under
Section 8.10; 
 (r) Liens on deposits of cash or Cash Equivalents securing obligations under any Permitted
Commodity and Power Sales Agreements which deposits shall not exceed $20,000,000 in the aggregate at any one time outstanding; 
 (s)
purported Liens evidenced by the filing of precautionary UCC financing statements relating solely to operating leases of personal property entered into in the ordinary course of business; 

(t) Liens not otherwise permitted hereunder so long as the aggregate outstanding principal amount of the obligations secured thereby does not
exceed $2,000,000 at any one time; 
 (u) any netting or set-off arrangements under any contractual
obligations of the Borrower in any agreement, instrument or other written undertaking otherwise permitted under the Intercreditor Agreement; 

(v) Liens on Excluded Assets; and 

(w) Liens with respect to any cash collateral account for the benefit of a holder of Indebtedness permitted under Sections 8.5(k) or
(l) and where the amounts deposited into such cash collateral accounts shall not exceed $20,000,000 in the aggregate at any one time outstanding. 

“Permitted Refinancing Indebtedness”: Indebtedness incurred to refinance all or any portion of any other Indebtedness of the
Borrower; provided that: 
 (a) the aggregate principal amount (or accreted value, if applicable) of such Indebtedness does not exceed
the aggregate principal amount (or accreted value, if applicable) of the Indebtedness being refinanced (plus all accrued interest on such Indebtedness and the amount of all expenses and premiums (including Make-Whole Amount) incurred by the Borrower
in connection therewith); 
 (b) such Indebtedness has a final maturity date (or require mandatory commitment reduction in full) equal to or
later than the date that is the final maturity date of, and has a weighted average life to maturity equal to or greater than the weighted average life to maturity of, the Indebtedness being refinanced; 

(c) if such Indebtedness being refinanced is subordinated in right of payment to the Fixed Rate Notes and the Loans, such Indebtedness remains
subordinated in right of payment to the Fixed Rate Notes and the Loans on terms at least as favorable to the FRN Holders and the Lender Parties as those contained in the documentation governing such Indebtedness being refinanced; 

  
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Aspen Bath – Common Terms Agreement 

 (d) such Indebtedness is incurred by the Borrower; 

(e) such Indebtedness is not secured, or purported to be secured, by a Lien on any assets other than the collateral securing the Indebtedness
being refinanced or, if a refinancing of the Notes or other Secured Pari Indebtedness, such Indebtedness shall not rank higher in right of payment under the Depositary Agreement than the Indebtedness being refinanced; and 

(f) any additional terms and conditions applicable to such Indebtedness are not materially adverse to the interests of the FRN Holders or the
Lenders. 
 “Person”: an individual, partnership, corporation, limited liability company, association, trust, joint
venture, unincorporated organization, business entity, estate or other judicial entity or Governmental Authority. 
 “Phase I
Report”: that certain Phase I site assessment report, dated November 2017, prepared by EA Engineering, Science, Technology, Inc. 

“PJM”: PJM Interconnection L.L.C. and any successor entity thereto or to its functions. 

“Plan”: an “employee benefit plan” (as defined in Section 3(3) of ERISA) subject to Title I of ERISA that is
or, within the preceding five (5) years, has been established or maintained, or to which contributions are or, within the preceding five (5) years, have been made or required to be made, by the Borrower or any ERISA Affiliate or with
respect to which the Borrower or any ERISA Affiliate may have any liability. 
 “Pledge and Security Agreement”: that
certain pledge and security agreement made by the Borrower and Holdings in favor of the Collateral Agent, which will be substantially in the form attached hereto as Exhibit A, as the same may be amended, restated, modified, supplemented or
replaced from time to time. 
 “Pledged Notes”: as defined in the Pledge and Security Agreement. 

“Pledged Stock”: as defined in the Pledge and Security Agreement. 

“Project”: a 23.75% undivided interest in the hydroelectric generation facilities and all other ancillary facilities,
improvements, buildings and other structures included as part of the Bath County Pumped Storage Station licensed by FERC as Project No. 2716, but excluding the Bath Transmission Lines (as defined in the Purchase Agreement). 

“Project Commercially Reasonably Efforts”: in the case of the ownership or operation of the Project, with respect to any
undertaking by the Borrower to comply with any of the covenants set forth in this Agreement or the other Credit Documents, to the extent the Borrower has rights over such action under the Bath Operating Agreement, the Bath Ownership Agreement and
the Bath Minority Management Agreement, that the Borrower has used commercially reasonable efforts to cause such compliance in all material respects with such covenant to the extent reasonable after taking into account the Borrower’s
relationships with its relevant business partners. 

  
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Aspen Bath – Common Terms Agreement 

 “Project Documents”: the Material Project Documents and any other
agreements or documents relating to operation and maintenance of the Project. 
 “Project Revenues”: for any period, all
revenues earned by the Borrower, including (a) the proceeds earned from any Asset Disposition, (b) revenues earned from the sale, transmission and distribution of electrical energy, capacity, energy transmission, blackstart capability,
ancillary services and RECs, (c) payments due to the Borrower under Energy Management Agreements and Commodity Hedge and Power Sales Agreements, (d) investment income earned on amounts in any accounts of the Borrower, (e) proceeds of
business interruption insurance due to the Borrower, (f) proceeds of liability insurance due to the Borrower (and not required to be paid to a Person other than the Borrower) and (g) all other operating income, however earned or received,
by the Borrower during such period. 
 “Project Subsidies”: any ITCs available to the Borrower. 

“Promissory Notes”: the collective reference to any promissory note evidencing Loans. 

“Properties”: the facilities and properties owned, leased or operated by the Borrower. 

“property” or “properties”: unless otherwise specifically limited, real or personal property of any kind,
tangible or intangible, choate or inchoate. 
 “Prudent Industry Practice”: those practices, methods, techniques,
specifications and standards of safety and performance, as they may be modified from time to time, that (a) are generally accepted in the electric generating and transmission industry as good, safe and prudent engineering practices in
connection with the design, construction, operation, maintenance, repair or use of electric generating and transmission facilities and (b) are otherwise in compliance in all material respects with Applicable Law. Prudent Industry Practices are
not limited to the optimum practices, methods or acts to the exclusion of all others, but rather include a spectrum of possible practices, methods or acts commonly employed in the utility generation and transmission industry during the relevant
period in light of the circumstances. 
 “PUHCA”: the Public Utility Holding Company Act of 2005, as amended, and all rules
and regulations adopted thereunder. 
 “Purchase Agreement”: as defined in the recitals hereto. 

“Purchase Agreement Representations”: the representations and warranties made by Sellers with respect to the Project in the
Purchase Agreement that are material to the interests of the Lenders and FRN Holders. 
 “Purchase Date”: as defined in
Section 3.3(b)(i)(B). 
 “Purchase Money Indebtedness”: Indebtedness (a) incurred to finance
the purchase, lease or construction (including additions, repairs and improvements thereto) of any assets of such Person and (b) that is secured solely by a Lien on such assets where the lender’s sole security is to the assets so purchased
or constructed (and assets or property affixed or appurtenant thereto and any proceeds thereof). 

  
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Aspen Bath – Common Terms Agreement 

 “Qualified Owner”: a person (whether directly or indirectly through one or
more of its affiliates) that at the time immediately prior to acquiring Control of the Borrower (a) has (or is a direct or indirect subsidiary of a person who has) a tangible net worth of at least $100,000,000 or available committed funds of at
least $100,000,000, and (b)(i) is or has been a majority owner of, or an operator of, one or more electric generating facilities that, in the aggregate, have a nameplate capacity of 500 megawatts or more, (ii) currently operates one or more
electric generating facilities that, in the aggregate, have a nameplate capacity of 500 megawatts or more, (iii) currently employs or engages a Recognized Operator with respect to the Project pursuant to a separate written management agreement,
(iv) is the same person that manages and operates the Project both immediately prior to, and after giving effect to, the acquisition by the person (whether directly or indirectly through one or more of its affiliates) of Control of the Borrower
(assuming that the Borrower was, immediately prior to the transfer of Control of the Borrower, in compliance with the requirements imposed on any operator of the Project pursuant to the Credit Documents) or (v) if such person does not meet the
foregoing criteria set out under clauses (b)(i) through (iv) above, any person that is acceptable to the Required Financing Parties in their reasonable discretion. 

“Quarterly Date”: each March 31, June 30, September 30 and December 31. 

“Rating Agency”: (a) Moody’s, S&P, Fitch, KBRA or DBRS, and (b) if none of Moody’s, S&P, Fitch, KBRA
or DBRS issues a senior unsecured long-term debt rating, corporate credit rating or issuer rating for the applicable Person or fails to make such rating publicly available, a “nationally recognized statistical rating organization”
registered under the Exchange Act that is reasonably acceptable to the Required Financing Parties. 
 “Recognized
Operator”: at any time, (a) VEPCO or (b) a person of nationally recognized standing in operating and maintenance services with respect to hydroelectric projects located in the United States similar to the Project, which person
then operates one or more electric generating facilities that, in the aggregate, have a nameplate capacity of 500 megawatts or more. 

“RECs”: all renewable energy credits, offsets, or other benefits (other than the Project Subsidies) allocated, assigned or
otherwise awarded or certified to the Borrower by any Governmental Authority, program administrator or other certification board or other Person generally recognized in the hydroelectric generation industry in connection with the Project, including
all such credits, offsets, or other benefits allocated, assigned or otherwise awarded or certified to the Borrower. 
 “Related
Parties”: with respect to any specified Person, such Person’s Affiliates and the respective partners, directors, officers, employees, trustees, agents and advisors of such Person. 

“Relevant Date”: as defined in Section 8.8. 

“Reportable Event”: any of the events set forth in Section 4043(c) of ERISA, other than those events as to which the 30-day notice period is waived under subsections .27, .28, .29, .30, .31, .32, .34 or .35 of PBGC Reg. § 4043. 

“Reporting Deliverable” as defined in Section 9(b). 

  
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Aspen Bath – Common Terms Agreement 

 “Required Financing Parties”: the holders of more than 50% of the aggregate
of (a) aggregate unpaid principal amount of Fixed Rate Notes then outstanding and (b) the Total Revolving Commitments then in effect or, if the Revolving Commitments have been terminated, the Total Extensions of Credit then outstanding.
Subject to Section 11.1(g), (1) any Fixed Rate Notes held by an Affiliated Financing Party or Affiliated Debt Fund shall be disregarded in determining Required Financing Parties at any time and (2) Total Revolving
Commitments and Total Extensions of Credit of any Defaulting Lender, any Affiliated Financing Party or any Affiliated Debt Fund shall be disregarded in determining Required Financing Parties at any time, except, solely with respect to Defaulting
Lenders, as otherwise set forth in Section 2.18 of the Credit Agreement. 
 “Required FRN Holders”: at any time, the
holders of more than 50% of the aggregate unpaid principal amount of Fixed Rate Notes then outstanding. Subject to Section 11.1(g), any Fixed Rate Notes held by an Affiliated Financing Party or Affiliated Debt Fund shall be
disregarded in determining Required FRN Holders at any time. 
 “Required Lenders”: at any time, the holders of more than
50% of, without duplication, (a) until the Funding Date, the Commitments then in effect and (b) thereafter, the Total Revolving Commitments then in effect or, if the Revolving Commitments have been terminated, the Total Extensions of
Credit then outstanding. Subject to Section 11.1(g), Total Revolving Commitments and Total Extensions of Credit of any Defaulting Lender, any Affiliated Financing Party or any Affiliated Debt Fund shall be disregarded in
determining Required Lenders at any time, except, solely with respect to Defaulting Lenders, as otherwise set forth in Section 2.18 of the Credit Agreement. 

“Reserve Accounts”: the Debt Service Reserve Account and the Liquidity Reserve Account. 

“Responsible Officer”: the chief executive officer, president, vice president, Senior Financial Officer, treasurer or
assistant treasurer, or other similar officer of the Borrower or Holdings as applicable that in each case has responsibility for the administration of the relevant portion of this Agreement. 

“Restricted Payment”: (a) any dividend payment or other distribution of assets, properties, cash rights, obligations or
securities on account of any shares of any class of Equity Interests of the Borrower, (b) any payment of subordinated Indebtedness owed to an Affiliate of the Borrower (unless otherwise permitted in accordance with the terms of subordination
reasonably acceptable to the Intercreditor Agent) or (c) any purchase, redemption or any other acquisition for value of any shares of any class of Equity Interests of the Borrower or of any warrants, rights or options to acquire any such
shares, in each case now or hereafter outstanding. 
 “Revenue Account”: the account of such name created under the
Depositary Agreement. 
 “Revolving Commitment”: as defined in the Credit Agreement. 

“Revolving Facility”: as defined in the Credit Agreement. 

“Revolving Facility Issuing Bank”: as defined in the Credit Agreement. 

  
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Aspen Bath – Common Terms Agreement 

 “Revolving Facility Maturity Date”: the fifth anniversary of the Funding
Date. 
 “Revolving L/C Advance”: as defined in the Credit Agreement. 

“Revolving L/C Application”: as defined in the Credit Agreement. 

“Revolving L/C Fees”: the letter of credit fees payable by the Borrower to Administrative Agent (for the account of the
Revolving Lenders) pursuant to Section 2.3(c) of the Credit Agreement. 
 “Revolving L/C Obligations”: as defined in
the Credit Agreement. 
 “Revolving L/C Unreimbursed Drawing”: as defined in the Credit Agreement. 

“Revolving Loan”: as defined in the Credit Agreement. 

“Standard & Poor’s” or “S&P”: Standard & Poor’s Rating
Services, a Standard & Poor’s Financial Services LLC business, and any successor to its rating agency business. 

“Scheduled Termination Date”: the 15th anniversary of the Funding Date.

 “SEC”: the U.S. Securities and Exchange Commission. 

“Secured Pari Indebtedness”: the Fixed Rate Notes, the Credit Facility and any other Senior Indebtedness that is secured on a
pari passu basis with the Collateral pursuant to the terms of the Intercreditor Agreement. 
 “Secured Parties”:
collectively, the Administrative Agent, Collateral Agent, Intercreditor Agent, the Persons that have extended, or that are obligated to extend, financial accommodations to the Borrower pursuant to the Credit Documents, including, without limitation,
the FRN Holders and the Lender Parties and secured Permitted Hedge Counterparties. 
 “Securities” or
“Security”: shall have the meaning specified in section 2(1) of the Securities Act. 
 “Securities
Accounts”: all “securities accounts” as defined in Article 8 of the UCC. 
 “Securities Act”: the
Securities Act of 1933, as amended from time to time, and the rules and regulations promulgated thereunder from time to time in effect. 

“Security Documents”: collectively, the Pledge and Security Agreement, the Intercreditor Agreement, the Depositary Agreement,
the Mortgages, the Account Control Agreements, the Consents and each other security agreement, pledge agreement or mortgage executed and delivered to secure the Fixed Rate Notes and the Credit Facility. 

“Seller” or “Sellers”: as defined in the recitals hereto. 

  
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Aspen Bath – Common Terms Agreement 

 “Seller Material Adverse Effect”: any fact, circumstance, event, change,
effect or occurrence that, with all other facts, circumstances, events, changes, effects or occurrences, (a) has or would reasonably be expected to have a material adverse effect on the business, results of operations, financial condition,
assets, or properties, taken as a whole, of the Bath Business (as defined in the Purchase Agreement) or (b) that would be reasonably likely to prevent or materially delay or materially impair the ability of Sellers to consummate the Bath
Transaction (as defined in the Purchase Agreement), provided, however, that no facts, circumstances, events, changes, effects or occurrences (by themselves or when aggregated with any other facts, circumstances, events, changes, effects or
occurrences) resulting from, relating to or arising out of the following shall be deemed to be or constitute a Seller Material Adverse Effect or shall be taken into account when determining whether there has, may, would or could have occurred a
Seller Material Adverse Effect (except, with respect to any fact, circumstance, event, change, effect or occurrence described in clauses (A) or (F)(2) below, to the extent that it has a disproportionate impact on the Bath Facility (as defined
in the Purchase Agreement) relative to other similar generating facilities), but then only the extent of such disproportionate impact shall be considered for purpose of determining if a Seller Material Adverse Effect has occurred: (A) the
effect of any change generally affecting the industries in which the Bath Business operates or the economy or the financial or securities markets (including changes in interest rates or other costs for or reduction in the availability of financing)
in the United States or elsewhere in the world, including any regulatory and political conditions or developments, or any outbreak or escalation of hostilities, weather, climate change, acts of God, declared or undeclared acts of war or terrorism,
(B) any litigation relating to the Purchase Agreement or the Bath Transaction commenced by Buyer or its Affiliates against a Seller or its Affiliates, (C) weather, (D) the seasonality of the Bath Business, (E) effects of public
perceptions of power generation facilities or matters related thereto, (F) the effect of (1) the announcement of, or compliance with, the Purchase Agreement or the announcement of the Bath Transaction or the identity of Buyer or its
Affiliates or any facts or circumstances relating to Buyer or its Affiliates, or (2) any changes in applicable Law or GAAP or interpretation thereof, (G) any action taken (or not taken) by a Seller at the written request of Buyer,
(H) any failure of Sellers to meet any projections, forecasts or estimates (but not the underlying cause of such failure), or (I) any changes in the credit rating of Sellers or their Affiliates (but not the underlying cause of such
change). 
 “Senior Financial Officer”: the chief financial officer, principal accounting officer, treasurer or comptroller
of the Borrower or Holdings, as applicable, or, if specified by the Borrower, another officer of the Borrower or Holdings. 

“Senior Indebtedness”: the Indebtedness of the Borrower that is not expressed to be subordinate or junior in rank to any
other Indebtedness of the Borrower, including any Indebtedness under this Agreement or any Indebtedness issued in exchange for, or the net proceeds of which are used to extend, refinance, renew, replace, defease or refund any existing Senior
Indebtedness. 
 “Single Employer Plan”: any Plan that is covered by Title IV of ERISA, but that is not a Multiemployer
Plan. 
 “Solvent”: with respect to any Person, as of any date of determination, (a) the amount of the “present
fair saleable value” of the assets of such Person will, as of such date, exceed the amount of all “liabilities of such Person, contingent or otherwise,” as of such date, as such quoted terms are determined in accordance with
applicable federal and state laws governing 

  
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Aspen Bath – Common Terms Agreement 

 
determinations of the insolvency of debtors, (b) the present fair saleable value of the assets of such Person will, as of such date, be greater than the amount that will be required, as of
such date, to pay the liability of such Person on its debts as such debts become absolute and matured, (c) such Person will not have, as of such date, an unreasonably small amount of capital with which to conduct its business, and (d) as
of such date, such Person has not incurred and does not intend to incur, or believe that it will incur, debts beyond its ability to pay such debts as they become due (whether at maturity or otherwise). For purposes of this definition, (i)
“debt” means liability on a “claim,” and (ii) “claim” means any (x) right to payment, whether or not such a right is reduced to judgment, liquidated, unliquidated, fixed, contingent, matured, unmatured, disputed,
undisputed, legal, equitable, secured or unsecured or (y) right to an equitable remedy for breach of performance if such breach gives rise to a right to payment, whether or not such right to an equitable remedy is reduced to judgment, fixed,
contingent, matured or unmatured, disputed, undisputed, secured or unsecured. 
 “Sponsor”: as defined in the recitals.

 “Subsidiary”: as to any Person, any other Person in which such first Person or one or more of its Subsidiaries or such
first Person and one or more of its Subsidiaries owns sufficient equity or voting interests to enable it or them (as a group) ordinarily, in the absence of contingencies, to elect a majority of the directors (or Persons performing similar functions)
of such second Person, and any partnership or joint venture if more than a 50% interest in the profits or capital thereof is owned by such first Person or one or more of its Subsidiaries or such first Person and one or more of its Subsidiaries
(unless such partnership or joint venture can and does ordinarily take major business actions without the prior approval of such Person or one or more of its Subsidiaries). 

“Survey”: as defined in Section 5.2(j)(iii). 

“SVO”: the Securities Valuation Office of the National Association of Insurance Commissioners or any successor to such
office. 
 “Swap Agreement”: (a) any and all interest rate swap transactions, basis swaps, credit derivative transactions,
forward rate transactions, commodity swaps, commodity options, forward commodity contracts, equity or equity index swaps or options, bond or bond price or bond index swaps or options or forward bond or forward bond price or forward bond index
transactions, interest rate options, forward foreign exchange transactions, cap transactions, floor transactions, collar transactions, currency swap transactions, cross-currency rate swap transactions, currency options, spot contracts, or any other
similar transactions or any combination of any of the foregoing (including any options to enter into any of the foregoing), whether or not any such transaction is governed by or subject to any master agreement, and (b) any and all transactions
of any kind, and the related confirmations, which are subject to the terms and conditions of, or governed by, any form of master agreement published by the International Swaps and Derivatives Association, Inc. or any International Foreign Exchange
Master Agreement, (any such master agreement, together with any related schedules, a “Master Agreement”), including any such obligations or liabilities under any Master Agreement. 

  
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Aspen Bath – Common Terms Agreement 

 “Swap Termination Value”:, in respect of any one or more Swap Agreements,
after taking into account the effect of any legally enforceable netting agreement relating to such Swap Agreements, (a) for any date on or after the date such Swap Agreements have been closed out and termination value(s) determined in
accordance therewith, such termination value(s), and (b) for any date prior to the date referenced in clause (a), the amounts(s) determined as the
mark-to-market values(s) for such Swap Agreements, as determined based upon one or more mid-market or other readily available
quotations provided by any recognized dealer in such Swap Agreements. 
 “Synthetic Lease”: at any time, any lease
(including leases that may be terminated by the lessee at any time) of any property (a) that is accounted for as an operating lease under GAAP and (b) in respect of which the lessee retains or obtains ownership of the property so leased
for U.S. federal income tax purposes, other than any such lease under which such Person is the lessor. 
 “Taxes”: any
and all present or future taxes, levies, imposts, duties, deductions, charges, withholdings (including backup withholding), assessments, fees or other charges imposed by any Governmental Authority and all interest, penalties or other additions to
tax with respect thereto. 
 “Termination Date”: the date on which (a) all Commitments have expired or been
terminated, (b) the principal of and interest on each Loan and each Fixed Rate Note and all fees and other Obligations payable under the Credit Documents shall have been paid in full and (c) all Letters of Credit have been cancelled,
expired or terminated and all Revolving L/C Unreimbursed Drawings have been reimbursed (unless the total outstanding amount of the Revolving L/C Obligations have been Cash Collateralized). 

“Title Insurance Companies”: as defined in Section 5.2(i)(ii). 

“Title Policy”: as defined in Section 5.2(i)(ii). 

“Total Extensions of Credit”: as defined in the Credit Agreement. 

“Total Revolving Commitments”: as defined in the Credit Agreement. 

“Transactions”: collectively, (a) the funding of the Revolving Loans and the issuance of the Fixed Rate Notes on the
Funding Date and the execution and delivery of Credit Documents to be entered into on the Closing Date and the Funding Date, as applicable, (b) the issuance of the Letters of Credit contemplated to be issued on the Funding Date, (c) the
consummation of the Acquisition and other related transactions contemplated by the Purchase Agreement and (d) the payment of transaction expenses in connection with the foregoing. 

“Transaction Documents”: the Credit Documents and the Material Project Documents. 

“Transferee”: any Assignee or Participant. 

“UCC”: the Uniform Commercial Code as in effect from time to time in the State of New York; provided, however, that,
at any time, if by reason of mandatory provisions of law, any or all of the perfection or priority of the Collateral Agent’s security interest in any item or portion of the Collateral is governed by the Uniform Commercial Code as in effect in a
U.S. jurisdiction other than the State of New York, the term “UCC” and “Uniform Commercial Code” shall mean the Uniform Commercial Code as in effect, at such time, in such other jurisdiction for purposes of the provisions hereof
relating to such perfection or priority and for purposes of definitions relating to such provisions. 

  
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Aspen Bath – Common Terms Agreement 

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

 “U.S. Blocked Person”: as defined in Section 4.15(a). 

“U.S. Economic Sanctions”: as defined in Section 4.15(a). 

“U.S. Treasury”: the U.S. Department of the Treasury. 

“VEPCO”: Virginia Electric and Power Company (d/b/a Dominion Virginia Power). 

“VSCC”: the Virginia State Corporation Commission and any successor agency. 

“Weighted Average Life to Maturity”: when applied to any Indebtedness at any date, the number of years obtained by dividing:
(a) the sum of the products obtained by multiplying (i) the amount of each then remaining installment, sinking fund, serial maturity or other required payments of principal, including payment at final maturity, in respect thereof, by
(ii) the number of years (calculated to the nearest one-twelfth) that will elapse between such date and the making of such payment; by (b) the then outstanding principal amount of such Indebtedness.

 “Write-Down and Conversion Powers”: with respect to any EEA Resolution Authority, the write-down and conversion powers
of such EEA Resolution Authority from time to time under the Bail-In Legislation for the applicable EEA Member Country, which write-down and conversion powers are described in the EU Bail-In Legislation Schedule. 
 1.2 Other Definitional and Interpretive Provisions. 

 

	 	(a)	 As used herein and in the other Credit Documents, and any certificate or other document made or delivered
pursuant hereto or thereto, (i) accounting terms relating to any Obligor not defined in Section 1.1 and accounting terms partly defined in Section 1.1, to the extent not defined, shall have
the respective meanings given to them under GAAP, (ii) the words “include,” “includes” and “including” shall be deemed to be followed by the phrase “without limitation,” (iii) the word “incur”
shall be construed to mean incur, create, issue, assume, become liable in respect of or suffer to exist (and the words “incurred” and “incurrence” shall have correlative meanings), (iv) the words “asset” and
“property” shall be construed to have the same meaning and effect and to refer to any and all tangible and intangible assets and properties, including cash, Equity Interest, securities, revenues, accounts, leasehold interests and contract
rights, and (v) references to agreements or other Contractual Obligations shall, unless otherwise specified, be deemed to refer to such agreements or Contractual Obligations as amended, supplemented, restated or otherwise modified from time to
time. 

  
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Aspen Bath – Common Terms Agreement 

	 	(b)	 Except as otherwise expressly provided herein, all terms of an accounting or financial nature shall be
construed in accordance with GAAP, as in effect from time to time. Notwithstanding anything to the contrary contained herein, all financial statements delivered hereunder shall be prepared, without giving effect to any election under Statement of
Financial Accounting Standards 159 (or any similar accounting principle) permitting a Person to value its financial liabilities at the fair value thereof. 

  

	 	(c)	 The words “hereof,” “herein” and “hereunder” and words of similar import, when
used in this Agreement, shall refer to this Agreement as a whole and not to any particular provision of this Agreement, and Section, Schedule and Exhibit references are to this Agreement unless otherwise specified. 

 

	 	(d)	 The meanings given to terms defined herein shall be equally applicable to both the singular and plural forms of
such terms. 

  

	 	(e)	 The word “or” as among several clauses is not exclusive unless the context otherwise requires.

  

	 	(f)	 Any Default or Event of Default that occurs and is continuing solely as a result of a failure of any Obligor to
provide to the Administrative Agent, the Collateral Agent, the Depositary Agent, a Lender Party or a FRN Holder a notice, a report, a budget, a certificate, financial statements or a similar written deliverable (collectively a “Reporting
Deliverable”) prior to the date set forth herein with respect thereto or the expiration of the time period specified for the delivery of such Reporting Deliverable shall be deemed to be cured upon delivery of such Reporting Deliverable to
the Administrative Agent, the Collateral Agent, the Depositary Agent, such Lender Party or such FRN Holder, as applicable, notwithstanding that the time period for delivery of such Reporting Deliverable shall have expired or passed.

 SECTION 2. FACILITIES, FEES AND COLLATERAL 

2.1 Incurrence of Obligations. The incurrence of the Obligations on and after the Funding Date shall be made in accordance with, and
pursuant to the terms of this Agreement, the Credit Agreement and the Note Purchase Agreement, as applicable, subject, in the case of the Funding Date, to the satisfaction of conditions precedent in Sections 5.1 and 5.2.

 2.2 Fees. 
  

	 	(a)	 Agency Fees. The Borrower shall pay (or cause to be paid) to the Agents on the Funding Date and on each
other date as specified in the applicable Fee Letter and as may be agreed in writing from time to time between the Borrower and the other Agents, solely for the account of the relevant Agent, the amounts payable at the times set forth therein. Such
amounts due and payable on the Funding Date may be paid out of the proceeds of the Fixed Rate Notes. 

  
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Aspen Bath – Common Terms Agreement 

	 	(b)	 Commitment Fees. The Borrower shall pay to the Administrative Agent (for the account of the Lenders) the
Commitment Fees. 

  

	 	(c)	 Letter of Credit Fees, Etc. The Borrower shall pay to (i) the Administrative Agent (for the account
of the Revolving Lenders) the Revolving L/C Fees, (ii) each Revolving Facility Issuing Bank that has fronting exposure a fronting fee in accordance with Section 2.3(d) of the Credit Agreement and (iii) each Revolving Facility Issuing
Bank the standard costs and charges described in Section 2.3(d) of the Credit Agreement. 

 SECTION 3. COMMON PAYMENT PROVISIONS 

3.1 Repayment of Principal. 
  

	 	(a)	 The entire unpaid principal balance of the Fixed Rate Notes shall be due and paid at par and without payment of
the Make-Whole Amount, or any premium, on the Scheduled Termination Date in accordance with the Note Purchase Agreement. 

  

	 	(b)	 The Borrower shall repay all outstanding Revolving Loans on the Revolving Facility Maturity Date in accordance
with the Credit Agreement. 

 3.2 Optional Prepayments. 

 

	 	(a)	 The Borrower may at any time and from time to time elect to prepay the Loans in accordance with
Section 2.5 of the Credit Agreement. 

  

	 	(b)	 The Borrower may at any time and from time to time elect to prepay the Fixed Rate Notes in accordance with
Section 7.2 of the Note Purchase Agreement. 

 3.3 Mandatory Prepayments. 

 

	 	(a)	 Casualty Event; Event of Eminent Domain. Subject to the terms of this
Section 3.3, the Borrower shall be required to make a mandatory prepayment or redemption, as the case may be, of the Obligations if the Borrower receives Net Cash Proceeds in excess of $5,000,000 in respect of any Casualty
Event or any Event of Eminent Domain; provided that such Net Cash Proceeds (or the applicable portion of such Net Cash Proceeds) shall be excluded from the requirements of this clause (a) if (i) in good faith the Borrower intends to
reinvest (or commits to reinvest) all or any portion of such Net Cash Proceeds in assets useful for their business (including by any restoration or repair work in respect of 

  
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Aspen Bath – Common Terms Agreement 

	 	
properties affected by the Casualty Event or Event of Eminent Domain or an acquisition of replacement property) within three hundred sixty (360) days following receipt of such Net Cash
Proceeds, and the Borrower so reinvests such Net Cash Proceeds within such period or (ii) if the Borrower enters into a legally binding commitment to reinvest such Net Cash Proceeds within three hundred sixty (360) days following receipt
thereof, and the Borrower so reinvests such Net Cash Proceeds within one hundred eighty (180) days following such three hundred sixty (360) day period; provided, further, that a Responsible Officer of the Borrower shall certify to
the FRN Holders and the Administrative Agent such good faith intention to reinvest (or commit to reinvest) all or any portion of such Net Cash Proceeds within ten (10) Business Days after receipt thereof. 

 

	 	(b)	 Offers to Redeem Subject to Section 3.3(a). In connection with the occurrence of an
event specified in Section 3.3(a), an offer to prepay the Fixed Rate Notes (each, an “Offer to Prepay”) shall be made by the Borrower within ten (10) Business Days of the receipt of the Net Cash
Proceeds described in Section 3.3(a) as set forth below: 

  

	 	(i)	 On the date occurring within the applicable ten (10) Business Day period specified above (the
“Offer Date”), the Borrower shall make an Offer to Prepay, which shall remain open for a period of at least twenty (20) days following its commencement (the “Offer Period”), by sending a notice to each FRN
Holder in accordance with Section 11.2 which notice shall contain all instructions and forms necessary to enable each FRN Holder to accept the Offer to Prepay with respect to its Fixed Rate Notes and, if applicable, to
tender its Fixed Rate Notes with respect to such Offer to Prepay, it being understood that each FRN Holder shall have the right to accept the Offer to Prepay prior to the expiration of the applicable Offer Period. Such notice, which shall govern the
terms of the Offer to Prepay, shall describe the events or circumstances giving rise to such Offer to Prepay, and shall state that such Offer to Prepay is being made pursuant to this Section 3.3(b) and shall state:

  

	 	(A)	 if applicable, the aggregate amount being offered by the Borrower to prepay the Fixed Rate Notes and to pay
unpaid accrued interest on the principal amount of the Fixed Rate Notes and any other Obligations in respect of the Fixed Rate Notes, which amount shall be determined by multiplying the Net Cash Proceeds available to be applied to prepayment by a
fraction, (x) the numerator of which shall be the aggregate outstanding principal amount of the Fixed Rate Notes and (y) the denominator of which shall be the aggregate principal amount of all outstanding Fixed Rate Notes plus the
aggregate principal amount of all outstanding Revolving Loans; 

  
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Aspen Bath – Common Terms Agreement 

	 	(B)	 the date (the “Purchase Date”), which date shall be no earlier than thirty (30) days and
no later than sixty (60) days from the Offer Date, on which the Borrower shall prepay the Fixed Rate Notes validly tendered for prepayment pursuant to this Section 3.3(b); 

 

	 	(C)	 that during the Offer Period, each FRN Holder has the right to accept or decline such Offer to Prepay as to its
pro rata share thereof (such pro rata share to be determined by multiplying the aggregate amount of such Offer to Prepay by a fraction, the numerator of which is the aggregate principal amount of the Fixed Rate Notes owing to such FRN Holder on the
Offer Date and the denominator of which is the aggregate principal amount of all outstanding Fixed Rate Notes); 

  

	 	(D)	 that any Fixed Rate Note not tendered by the relevant Holder for prepayment shall continue to accrue interest;

  

	 	(E)	 that, unless the Borrower defaults in making such payment, the Fixed Rate Notes tendered for payment pursuant
to the Offer to Prepay shall cease to accrue interest after the Purchase Date; 

  

	 	(F)	 that any FRN Holder electing (x) to accept its pro rata share (as determined in accordance with clause
(C) above) of the proposed prepayment shall provide a notice of acceptance to the Borrower which shall indicate that (1) it will accept its full pro rata share and (2) the maximum amount, if any, in excess of its pro rata share of the
applicable Offer to Prepay it will accept for prepayment in the event that proceeds remain in respect of such prepayment event, such amount for each FRN Holder, the “Elected Excess Amount”) or (y) not to have its Fixed Rate
Notes prepaid in its pro rata share shall provide a notice of rejection to the Borrower, in each case within twenty (20) days after receipt by such FRN Holder of the Offer to Prepay from the Borrower, and that failure of any FRN Holder to so
provide to the Borrower such notice of acceptance or notice of rejection within such twenty (20) days shall be deemed to be a rejection by such holder of its pro rata share (as determined in accordance with clause (C) above) of such Offer
to Prepay; provided that, for the avoidance of doubt, a FRN Holder may only elect to receive all of or none of its pro rata share in respect of any such Offer to Prepay; 

  
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Aspen Bath – Common Terms Agreement 

	 	(G)	 that FRN Holders electing to have any Fixed Rate Notes purchased in full (to the extent cash is available
therefor) pursuant to an Offer to Prepay will be required to surrender such Notes within ten (10) Business Days after purchase; and 

  

	 	(H)	 the private placement number (CUSIP), if any, printed on such Fixed Notes. 

 

	 	(ii)	 The Borrower shall, at least two (2) Business Days prior to the Purchase Date, deliver to each FRN Holder
being prepaid an Officer’s Certificate confirming the principal amount of each Fixed Rate Note held by such Holder to be prepaid (including any Elected Excess Amount which will be repaid), and the interest to be paid to such FRN Holder on the
Purchase Date. 

  

	 	(iii)	 On the Purchase Date, the Borrower shall, (A) to the extent lawful, accept for payment the Fixed Rate
Notes or portions thereof tendered for repayment pursuant to the related Offer to Prepay and (B) pay to each applicable FRN Holder an amount equal to the payment required in respect of such FRN Holder’s Fixed Rate Notes or portions thereof
so tendered. The Borrower shall on the Purchase Date pay to each tendering FRN Holder the amount due pursuant to Section 3.3(b)(ii) with respect to such Fixed Rate Notes tendered by such FRN Holder. On the Purchase Date,
all Fixed Rate Notes purchased or repaid by the Borrower in full shall be delivered to the Borrower for cancellation. 

  

	 	(iv)	 If the Borrower complies with the provisions of the preceding clause, on and after the Purchase Date interest
shall cease to accrue on the Fixed Rate Notes or the portions thereof repurchased or repaid. If any FRN Holder accepts an Offer to Prepay pursuant to Section 3.3(b) but the Borrower does not repurchase or repay such Fixed
Rate Note in the applicable amount, interest shall be paid on the applicable unpaid principal, from the Purchase Date until such principal is paid, and to the extent lawful on any interest not paid on such unpaid principal, in each case at the rate
provided in the Fixed Rate Notes. No Make-Whole Amount or other premium shall be required to be paid in connection with any prepayment pursuant to Section 3.3(a) and this Section 3.3(b).

  

	 	(v)	 To the extent that the aggregate amount of Fixed Rate Notes and the Revolving Loans is less than the amount of
such Net Cash Proceeds, the Borrower may use any remaining Net Cash Proceeds for general corporate purposes, subject to other covenants contained in this Agreement. 

  
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Aspen Bath – Common Terms Agreement 

	 	(c)	 Notwithstanding anything in this Section 3.3 to the contrary, in the event that the
terms of any other Secured Pari Indebtedness require the prepayment (or cash collateralization) thereof in the circumstances requiring an Offer to Prepay pursuant to Section 3.3(a), the amount of such other Secured Pari
Indebtedness required to be prepaid or cash collateralized shall be deemed to be tendered in full pursuant to such Offer to Prepay, and the amount or proceeds required to be applied to prepayment pursuant to Section 3.3(a)
shall be applied ratably to the prepayment (or cash collateralization) of such other Senior Indebtedness and to the Fixed Rate Notes tendered pursuant to such Offer to Prepay, together with accrued interest thereon, as applicable.

  

	 	(d)	 In the case of any prepayment described in Sections 3.3(a), in the event that any Offer to Prepay is
declined (or deemed declined) in whole or in part, the portion of such Offer to Prepay so declined shall be applied, (i) first, to the pro rata prepayment of Fixed Rate Notes held by FRN Holders who have elected to receive Elected Excess
Amounts, if any, and (ii) thereafter, to the prepayment of the Loans and Revolving L/C Unreimbursed Drawings (in each case, to the extent any such Loans and Revolving L/C Unreimbursed Drawings are outstanding at the time of such Offer to
Prepay) as specified in the Credit Agreement. 

  

	 	(e)	 Subject to Section 3.3(b), all mandatory prepayments pursuant to
Section 3.3(a), shall be applied on a pro rata basis to the prepayment of the outstanding principal amount of the Fixed Rate Notes held by the FRN Holders accepting the applicable Offer to Prepay in accordance with the
terms and conditions of the Note Purchase Agreement. 

  

	 	(f)	 Change of Control. Promptly, and in any event within five (5) Business Days after the date upon
which a Change of Control has occurred, or at the Borrower’s option, prior to the consummation of a transaction giving rise to such Change of Control but after the public announcement of such transaction, in either case unless the Borrower has
previously or concurrently elected to prepay (x) all of the Loans and (y) the Fixed Rate Notes pursuant to Section 3.2, the Borrower shall make (i) a mandatory prepayment of all of the Loans and (ii) an
offer (the date of such offer, the “CC Offer Date”) to prepay (a “CC Offer to Prepay”) all (but not less than all) of the Fixed Rate Notes of each FRN Holder, at a price in cash equal to 100% of the outstanding
principal amount thereof, together with unpaid interest accrued thereon, if any, to, but not including, the CC Purchase Date. An offer to prepay in connection with a Change of Control may be made in advance of a Change of Control, conditional upon
such Change of Control, if a definitive agreement is in place for the Change of Control at the time of the making of such offer to prepay. Any offer to prepay the Fixed Rate Notes upon a Change of Control shall be made as set forth in this
Section 3.3(f). 

  
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Aspen Bath – Common Terms Agreement 

	 	(i)	 On the CC Offer Date, the Borrower shall make an offer to prepay, which shall remain open for a period of at
least twenty (20) days following its commencement (the “CC Offer Period”), by sending a notice to each FRN Holder in accordance with Section 11.2 which notice shall contain all instructions and forms
necessary to enable each FRN Holder to accept the offer to prepay with respect to its Fixed Rate Notes and, if applicable, to tender its Fixed Rate Notes with respect to such offer to prepay, it being understood that each FRN Holder shall have the
right to accept the offer to prepay prior to the expiration of the applicable CC Offer Period. Such notice, which shall govern the terms of the offer to prepay, shall describe the Change of Control giving rise to such offer to prepay, and shall
state that such CC Offer to Prepay is being made pursuant to this Section 3.3(f) and shall state: 

  

	 	(A)	 the date (the “CC Purchase Date”, which date may be adjusted in accordance with
Section 3.3(f)(vi) below), which date shall be no earlier than thirty (30) days and no later than sixty (60) days from the CC Offer Date, the Borrower proposes to repay the Fixed Rate Notes validly tendered for
prepayment pursuant to this Section 3.3(f); 

  

	 	(B)	 that during the CC Offer Period, each FRN Holder has the right to accept or decline such CC Offer to Prepay;

  

	 	(C)	 that any FRN Holder electing (x) to have its Fixed Rate Notes prepaid in full shall provide a notice of
acceptance to the Borrower or (y) not to have its Fixed Rate Notes prepaid shall provide a notice of rejection to the Borrower, in each case within twenty (20) days after receipt by such FRN Holder of the offer to prepay from the Borrower,
and that failure of any FRN Holder to so provide to the Borrower such notice of acceptance or notice of rejection within such twenty (20) days shall be deemed to be a rejection by such holder of such offer to prepay; provided that, for
the avoidance of doubt, an FRN Holder may only elect to receive prepayment in full at par or no prepayment at all in respect of any such CC Offer to Prepay; 

  

	 	(D)	 that all FRN Holders will be required to surrender any Fixed Rate Notes to be prepaid within ten
(10) Business Days after purchase; 

  
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Aspen Bath – Common Terms Agreement 

	 	(E)	 that the offer is conditional on a Change of Control occurring under a definitive agreement that has been
entered into and shall only occur if such Change of Control occurs; and 

  

	 	(F)	 the private placement (CUSIP) number, if any, printed on such Fixed Rate Notes. 

 

	 	(ii)	 The Borrower shall tabulate the total aggregate outstanding principal amount of Fixed Rate Notes tendered for
prepayment. In the event that 50% or less of the aggregate outstanding principal amount of all Fixed Rate Notes are tendered for prepayment within the CC Offer Period, then each FRN Holder shall have been deemed to have rejected the offer to prepay
(regardless of whether such FRN Holder has sent a notice of acceptance) and all Fixed Rate Notes shall remain outstanding and shall continue to accrue interest. In the event that greater than 50% of the aggregate outstanding principal amount of all
Fixed Rate Notes are tendered for prepayment within the CC Offer Period, then each FRN Holder shall have been deemed to have accepted the offer to prepay for the full amount of its Notes outstanding and, subject to the satisfaction of the condition
that the Change in Control occurs (if applicable), tendered all such Notes for prepayment and, unless the Borrower defaults in making such payment or such offer does not become unconditional, all Fixed Rate Notes shall cease to accrue interest after
the CC Purchase Date. Notwithstanding anything herein to the contrary, no Fixed Rate Notes held by the Borrower or any Affiliate of the Borrower shall be included in any determination of whether or not the 50% threshold is reached or not. The
Borrower shall, within two (2) Business Days of making its determination under this clause (d)(ii), notify each FRN Holder pursuant to Section 11.2 of whether the prepayment will or will not be made to all FRN Holders,
subject to the satisfaction of the condition that the Change in Control occurs, if applicable. 

  

	 	(iii)	 To the extent that the Fixed Rate Notes are to be prepaid in accordance with this
Section 3.3(f), at least two (2) Business Days prior to the CC Purchase Date, the Borrower shall confirm the offer as unconditional or conditioned only upon the occurrence of the Change of Control and deliver to each
FRN Holder, an Officer’s Certificate confirming the principal amount of each Fixed Rate Note held by each such FRN Holder to be prepaid, and the interest to be paid to such holder on the CC Purchase Date. 

  
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Aspen Bath – Common Terms Agreement 

	 	(iv)	 On the CC Purchase Date, the Borrower shall: (A) to the extent lawful, accept for payment all of the Fixed
Rate Notes and (B) pay to each applicable FRN Holder an amount equal to the payment required in respect of such holder’s Fixed Rate Notes. On, or promptly following, the CC Purchase Date, all Fixed Rate Notes purchased or repaid by the
Borrower shall be delivered to the Borrower for cancellation. 

  

	 	(v)	 If the offer is unconditional and the Borrower complies with the provisions of the preceding clause (iv), on
and after the CC Purchase Date, interest shall cease to accrue on the Fixed Rate Notes. If the Fixed Rate Notes are to be prepaid in accordance with this Section 3.3(f) and the Borrower does not repurchase or repay such
Fixed Rate Notes, interest shall be paid on the unpaid principal, from the CC Purchase Date until such principal is paid, and to the extent lawful on any interest not paid on such unpaid principal, in each case at the rate provided in the Fixed Rate
Notes. No Make-Whole Amount or other premium shall be required to be paid in connection with any prepayment pursuant to this Section 3.3(f). 

 

	 	(vi)	 The Borrower may postpone the CC Purchase Date, to a date that is no later than sixty (60) days from the
CC Offer Date, at any time by notice to each FRN Holder in accordance with Section 11.2, where such notice is given at least two (2) Business Days prior to the date which had been previously been notified to the FRN
Holders as the CC Purchase Date. 

  

	 	(g)	 All redemptions of the Fixed Rate Notes shall be applied among the FRN Holders accepting (or deemed to accept)
the relevant Offer to Prepay according to the pro rata portion of the Fixed Rate Notes held by each such FRN Holder at the time of the applicable redemption as indicated in the relevant notice delivered under Section 3.3(b)
or (f), as applicable, and, as to each Fixed Rate Note, in inverse order of maturity. 

  

	 	(h)	 All mandatory prepayments hereunder shall be made at par, together with accrued interest and without Make-Whole
Amount or other premium. 

 3.4 Payments Generally. 

 

	 	(a)	 Upon the prepayment of any Loan (whether such payment is optional or mandatory) or the repayment of any
Revolving L/C Unreimbursed Drawings, the Borrower shall pay to the Administrative Agent for the account of the applicable Lender Party (i) all accrued interest to the date of such prepayment or repayment owed pursuant to the terms of the Credit
Agreement on the amount prepaid, (ii) all accrued fees to the date of such prepayment owed pursuant to the terms of the applicable Credit Documents corresponding to the amount being prepaid, and (iii) if such prepayment is the prepayment
of a Eurodollar Loan on a day other than the last day of an Interest Period for such Eurodollar Loan, all breakage costs or indemnities incurred by such Lender Party pursuant to the terms of the Credit Agreement as a result of such prepayment.

  
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Aspen Bath – Common Terms Agreement 

	 	(b)	 In the case of each redemption of Fixed Rate Notes (whether such redemption is optional or mandatory), the
principal amount of each Fixed Rate Note to be redeemed shall mature and become due and payable on the date fixed for such redemption, together with interest on such principal amount accrued to such date and the applicable premium, if any, or
Make-Whole Amount , if any, which shall be paid directly to the account of each FRN Holder by the Depositary Agent in accordance with the Depositary Agreement and the wire instructions set forth in Schedule B to the Note Purchase Agreement. From and
after such date (unless the Borrower shall fail to pay such principal amount when so due and payable, together with the interest, premium, if any, and Make-Whole Amount, if any, as aforesaid), interest on such principal amount shall cease to accrue.
Any Fixed Rate Note redeemed in full shall be surrendered to the Borrower and cancelled and shall not be reissued, and no Fixed Rate Note shall be issued in lieu of any redeemed principal amount of any Fixed Rate Note. 

 

	 	(c)	 In no event shall any prepayment or Cash Collateralization be funded from the proceeds of any Loan.

  

	 	(d)	 In the event that any Letter of Credit is Cash Collateralized pursuant to the terms hereof in an amount at
least equal to the then outstanding Available Amount thereof, the Borrower shall use commercially reasonable efforts to cause the termination of such Letter of Credit promptly following the date on which such Cash Collateralization occurs.

  

	 	(e)	 Any prepayments to be made pursuant to Sections 3.3(a) shall be made on the applicable Purchase Date,
and any prepayments to be made pursuant to Section 3.3(f) shall be made on the CC Purchase Date. 

 SECTION 4.
REPRESENTATIONS AND WARRANTIES 
 To induce the Administrative Agent, the Lender Parties and the FRN Holders to enter into this Agreement, to
make the Loans and issue the Letters of Credit under the Credit Agreement and to issue the Fixed Rate Notes under the Note Purchase Agreement, the Borrower hereby represents and warrants on the date such representations and warranties are required
to be made in accordance with the Credit Agreement and the Note Purchase Agreement to the Administrative Agent, each Lender Party and FRN Holder that: 

4.1 No Change. As of the Funding Date, since September 30, 2016, there has been no Seller Material Adverse Effect. 

  
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Aspen Bath – Common Terms Agreement 

 4.2 Organization, Power and Authority. 

(a) The Borrower is a limited liability company duly organized, validly existing and in good standing under the laws of its jurisdiction of
organization, and is duly qualified to do business and is in good standing in each jurisdiction in which such qualification is required by law in light of the business it conducts and the property that it owns, other than those jurisdictions as to
which the failure to be so qualified or in good standing would not, individually or in the aggregate, reasonably be expected to have a Material Adverse Effect. 

(b) The Borrower has the limited liability company power and authority to own or hold under lease the properties it purports to own or hold
under lease, to transact the business it transacts and proposes to transact, to execute and deliver this Agreement and the other Credit Documents to which it is or is intended to be a party and to perform the provisions hereof and thereof and create
the Liens intended to be created by the Security Documents. 
 4.3 Authorization and Enforceability, Etc. This Agreement and the other
Credit Documents to which the Borrower is or is intended to be a party have been duly authorized by all necessary limited liability company action on the part of the Borrower, and each of such Credit Documents upon execution and delivery thereof
will constitute, a legal, valid and binding obligation of the Borrower enforceable against the Borrower in accordance with its terms, except as such enforceability may be limited by (a) applicable bankruptcy, insolvency, reorganization,
moratorium or other similar laws affecting the enforcement of creditors’ rights generally and (b) general principles of equity (regardless of whether such enforceability is considered in a proceeding in equity or at law). 

4.4 No Conflicts. The execution, delivery and performance by the Borrower of the Credit Documents to which it is or is intended
to be a party and the consummation of the transactions contemplated thereby will not (a) contravene or result in any violation of the Borrower’s certificate of formation or the Borrower’s limited liability company agreement or
(b) violate in any material respect any Applicable Law. 
 4.5 Governmental Authorizations, Etc. On the Funding Date, the
Borrower: (i) is subject to regulation under the FPA as a “public utility”; (ii) has been authorized by FERC to make sales of energy, capacity and, to the extent applicable, ancillary services at market-based rates pursuant to
Section 205 of the FPA; and (iii) has been granted blanket authorization by FERC to issue securities and assume liabilities pursuant to Section 204 of the FPA. The Borrower is in compliance with all applicable public utility
regulations by any applicable Governmental Authority under any state law. The Borrower is an EWG pursuant to PUHCA. 
 4.6 Use of
Proceeds; Margin Regulations. 
 (a) The proceeds of the Loans and the Fixed Rate Notes, received by, and any Letters of Credit issued
for the benefit of, the Borrower have been used for the purposes set forth in Section 7.8. 
 (b) No part of the
proceeds of any Loans or any Fixed Rate Note, and no other extensions of credit under the Credit Documents will be used, directly or indirectly, for the purpose of buying or carrying any margin stock within the meaning of Regulation U of the
Board of Governors of the Federal Reserve System (12 CFR 221), or for the purpose of buying or carrying or trading in any Securities under such circumstances as to involve the Borrower in a violation of Regulation X of said Board (12
CFR 224) or to involve any broker or dealer in a 

  
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Aspen Bath – Common Terms Agreement 

 
violation of Regulation T of said Board (12 CFR 220). Margin stock does not constitute any of the value of the assets of the Borrower and the Borrower does not have any present
intention that margin stock will constitute any of the value of such assets. As used in this Section 4.6, the terms “margin stock” and “purpose of buying or carrying” shall have the meanings assigned to
them in said Regulation U. 
 4.7 Foreign Assets Control Regulations, Etc. 

(a) No Obligor is (i) a Person whose name appears on the list of Specially Designated Nationals and Blocked Persons published by OFAC (an
“OFAC Listed Person”), or (ii) otherwise the subject or target of United States economic sanctions, including but not limited to, the Trading with the Enemy Act, the International Emergency Economic Powers Act, the
Comprehensive Iran Sanctions, Accountability and Divestment Act (“CISADA”) or any similar law or regulation with respect to Iran or any other country, the Sudan Accountability and Divestment Act, any OFAC Sanctions Program, or any
economic sanctions regulations administered and enforced by the United States or any enabling legislation or executive order relating to any of the foregoing (collectively, “U.S. Economic Sanctions”) (each OFAC
Listed Person and each other Person, entity, organization and government of a country described in clause (i) or (ii), a “U.S. Blocked Person”). No Obligor has been notified that its name appears or may in the future
appear on a state list of Persons that engage in investment or other commercial activities in Iran or any other country that is subject to U.S. Economic Sanctions. 

(b) No part of the proceeds of any Loan, any Fixed Rate Note or any Letter of Credit constitutes or will constitute funds obtained on behalf of
any U.S. Blocked Person. No Obligor will use, directly or indirectly, any part of the proceeds from the sale of any Loan, any Fixed Rate Note or any Letter of Credit, in connection with any investment in, or any transactions or dealings with, any
U.S. Blocked Person or otherwise in violation of U.S. Economic Sanctions. 
 (c) No Obligor (i) has been found in violation of, or
charged with or convicted of money laundering, drug trafficking, terrorist-related activities or other money laundering predicate crimes under, the Currency and Foreign Transactions Reporting Act of 1970 (otherwise known as the Bank Secrecy
Act), the Patriot Act or any other United States law or regulation governing such activities (collectively, “Anti-Money Laundering Laws”), (ii) has been found in violation of, or charged with or convicted of a violation of any
U.S. Economic Sanctions, (iii) to the Borrower’s actual knowledge after making due inquiry, is under investigation by any Governmental Authority for possible violation of Anti-Money Laundering Laws or any U.S. Economic Sanctions,
(iv) has been assessed civil penalties under any Anti-Money Laundering Laws or any U.S. Economic Sanctions, or (v) has had any of its funds seized or forfeited in an action under any Anti-Money Laundering Laws. The Borrower has
established procedures and controls which it reasonably believes are adequate (and otherwise comply with applicable law) to ensure it and Holdings are and will continue to be in compliance with all applicable current and future Anti-Money Laundering
Laws and U.S. Economic Sanctions. 

  
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Aspen Bath – Common Terms Agreement 

 (d) (i) No Obligor (A) has been charged with, or convicted of bribery or any other
corruption-related activity under any applicable law or regulation in a U.S. or any non-U.S. country or jurisdiction, including but not limited to, the U.S. Foreign Corrupt Practices Act and the
U.K. Bribery Act 2010 (collectively, “Anti-Corruption Laws”), (B) to the Borrower’s actual knowledge after making due inquiry, is under investigation by any U.S. or non-U.S. Governmental Authority for possible violation of Anti-Corruption Laws, (C) has been assessed civil or criminal penalties under any Anti-Corruption Laws or
(D) has violated, or has been or is the target of any sanctions imposed by the United Nations or the European Union; 
 (ii) To the
Borrower’s actual knowledge after making due inquiry, no Obligor has, within the last five years, directly or indirectly offered, promised, given, paid or authorized the offer, promise, giving or payment of anything of value to a Governmental
Official or a commercial counterparty for the purposes of: (A) influencing any act, decision or failure to act by such Governmental Official in his or her official capacity or such commercial counterparty, (B) inducing a Governmental
Official to do or omit to do any act in violation of the Governmental Official’s lawful duty, or (C) inducing a Governmental Official or a commercial counterparty to use his or her influence with a government or instrumentality to affect
any act or decision of such government or entity; in each case in order to obtain, retain or direct business or to otherwise secure an improper advantage in violation of any applicable law or regulation or which would cause any holder to be in
violation of any law or regulation applicable to such holder; and 
 (iii) The Borrower will not use, directly or indirectly, any part of
the proceeds from any Loan, any Fixed Rate Note or any Letter of Credit for any improper payments, including bribes, to any Governmental Official or commercial counterparty in order to obtain, retain or direct business or obtain any improper
advantage. The Borrower has established procedures and controls which it reasonably believes are adequate (and otherwise comply with applicable law) to ensure that each Obligor is and will continue to be in compliance with all applicable current and
future Anti-Corruption Laws. 
 4.8 Status under Certain Statutes. The Borrower is not required to register as an
“investment company” under the Investment Company Act of 1940, as amended, including the rules and regulations thereunder, or subject to regulation under the Investment Company Act of 1940, as amended, including the rules and
regulations thereunder. 
 4.9 Security Documents. 

(a) The Pledge and Security Agreement is effective to create in favor of the Collateral Agent, for the benefit of the Secured Parties, a legal,
valid and enforceable security interest in the Collateral described therein and the proceeds thereof. In the case of (i) the Pledged Stock, when stock certificates representing such Pledged Stock are delivered to the Collateral Agent together
with stock powers duly endorsed in blank, (ii) the Pledged Notes, when the Pledged Notes endorsed in blank are delivered to the Collateral Agent, (iii) security interests in the Investment Accounts that can be perfected by control, when
the Depositary Agreement has been duly executed and delivered by the parties thereto, and (iv) security interests in the other Collateral described in the Pledge and Security Agreement that can be perfected by the filing of financing statements
under the UCC, when financing statements specified on Schedule 4.9 in appropriate form are filed in the offices specified on Schedule 4.9, the Liens granted under the Pledge and Security Agreement shall constitute a fully perfected
Lien on, and security interest in, all right, title and interest of the Obligors in such Collateral and the proceeds thereof, as security for the Secured Obligations (as defined in the Pledge and Security Agreement), in each case prior and superior
in right to any other Person except (i) in the case of Collateral other than Pledged Stock, Permitted Liens, or (ii) in the case of any Pledged Stock, Liens (x) arising pursuant to the limited liability company agreements, partnership
agreements or other governing documents of the Obligors or applicable securities laws, (y) for taxes not yet due or delinquent or (z) arising pursuant to the Security Documents. 

  
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Aspen Bath – Common Terms Agreement 

 (b) As of the Funding Date, each of the Mortgages is effective to create in favor of the
Collateral Agent, for the benefit of the Secured Parties, a legal, valid and enforceable Lien on the real property interests described therein and the proceeds thereof, and when such Mortgages are filed in the applicable offices specified on
Schedule 4.9(b), each such Mortgage shall constitute a Lien on, and security interest in, all right, title and interest of the Borrower in the Mortgaged Properties and the proceeds thereof, as security for the Obligations (as defined in the
relevant Mortgage), in each case prior and superior in right to any other Person except for Permitted Liens. 
 (c) Notwithstanding anything
herein (including this Section 4.9) or in any other Credit Document to the contrary, the representations and/or warranties of the Borrower or the Obligor as to the pledge or creation of any security interest, or the effects
of perfection or non-perfection, the priority or enforceability of any pledge or security interest made within thirty (30) days after the Funding Date (whether on the Funding Date or on any other date
within such period when any such representation or warranty is made) are made subject to the Limited Conditionality Principles. 
 4.10
Solvency. The Borrower is, and immediately after the consummation of the transactions to occur on the Funding Date and the incurrence of Indebtedness being incurred in connection herewith, will be, Solvent. 

SECTION 5. COMMON CONDITIONS PRECEDENT 
 5.1
Conditions to Closing Date. The occurrence of the Closing Date is subject to the prior fulfillment of each of the following conditions to the satisfaction of the Administrative Agent and each FRN Purchaser: 

 

	 	(a)	 Credit Documents. The Administrative Agent and each FRN Purchaser shall have received (i) this
Agreement, executed and delivered by the Administrative Agent, each FRN Purchaser, the Borrower, the Collateral Agent, the Intercreditor Agent and each Lender Party party hereto as of the Closing Date, (ii) the Credit Agreement, executed and
delivered by the Borrower, the Administrative Agent and each Lender Party party thereto as of the Closing Date, (iii) the Note Purchase Agreement, executed and delivered by the Borrower and each FRN Purchaser party thereto as of the Closing
Date, (iv) the Pledge and Security Agreement, executed and delivered by each Obligor party thereto and the Collateral Agent, (v) the Intercreditor Agreement, executed and delivered by each Obligor party thereto, the Administrative Agent,
the Collateral Agent, the Intercreditor Agent, each FRN Holder and the other parties thereto as of the Closing Date and (vi) the Depositary Agreement, executed and delivered by each Obligor party thereto, the Collateral Agent, the Depositary
Agent and the Intercreditor Agent. 

  
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Aspen Bath – Common Terms Agreement 

	 	(b)	 Representations and Warranties. Each of representations and warranties set forth in Section 4
(other than Section 4.1, Section 4.6 and Section 4.9(b) and (c)) shall be true and correct in all material respects on and as of the Closing Date (except in the case of any of the representations and warranties which expressly relates
to a given date or period, such representations and warranties shall be true and correct in all material respects as of the respective date or for the respective period, as the case may be); provided that to the extent that any of the
representations and warranties is qualified by or subject to materiality, a “material adverse effect”, “material adverse change” or similar term or qualification, the same shall be true and correct in all respects.

  

	 	(c)	 Financial Information. The Administrative Agent and each FRN Purchaser shall have received
(i) historical financial information with respect to the Project as set forth in Section 3.19 to Seller’s Disclosure Schedule of the Purchase Agreement and (ii) a consolidated budget for the period commencing on a date no later
than the Funding Date and ending on December 31, 2018, in each case, in form and substance reasonably satisfactory to the Administrative Agent and each FRN Purchaser, it being acknowledged and agreed by the Administrative Agent and each FRN
Purchaser that any such document delivered to the Lenders on or prior to the date hereof is deemed reasonably satisfactory if such Lender has not objected to such document at least three (3) Business Days following delivery thereof.

  

	 	(d)	 U.S.A. Patriot Act. The Administrative Agent and each FRN Purchaser shall have received, at least three
(3) Business Days prior to the Closing Date, all documentation and other information required from the Obligors under applicable “know your customer”, anti-money laundering and terrorist financing rules and regulations, including the
Patriot Act. 

  

	 	(e)	 Consultant Reports. The Administrative Agent and the FRN Purchasers shall have received:

  

	 	(i)	 a report of the Independent Engineer, including a technical report of the Project and providing the Independent
Engineer’s review of the Base Case Model, with respect to the Project, and either the Administrative Agent, the Lenders and the FRN Purchasers shall be permitted to rely on such report or such report shall be accompanied by a reliance letter
permitting the Administrative Agent, the Lenders and the FRN Purchasers to rely on the report; 

  
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Aspen Bath – Common Terms Agreement 

	 	(ii)	 a report by the Insurance Consultant with respect to the adequacy of the insurance required to be maintained
pursuant to Section 7.2 for the Project, and either the Administrative Agent, the Lenders and the FRN Purchasers shall be permitted to rely on such report or such report shall be accompanied by a reliance letter
permitting the Administrative Agent, the Lenders and the FRN Purchasers to rely on the report; 

  

	 	(iii)	 a report of the Market Consultant, and either the Administrative Agent, the Lenders and the FRN Purchasers
shall be permitted to rely on such report or such report shall be accompanied by a reliance letter permitting the Administrative Agent, the Lenders and the FRN Purchasers to rely on the report; and 

 

	 	(iv)	 the Phase I Report, dated no earlier than 6 months prior to the Closing Date, and either the Administrative
Agent, the Lenders and the FRN Purchasers shall be permitted to rely on such report or such report shall be accompanied by a reliance letter permitting the Administrative Agent, the Lenders and the FRN Purchasers to rely on the report;

 in each case reasonably satisfactory to each Joint Coordinating Lead Arranger and each FRN Purchaser and, other than in
the case of clause (iv) above, dated a date reasonably close to the Closing Date. 
  

	 	(f)	 Financial Information and Projections. The Administrative Agent and each FRN Purchaser shall have
received (i) unaudited pro forma balance sheet of the Borrower as of the Closing Date, prepared after giving effect to the Acquisition and the other transactions contemplated hereby as if they had occurred as of the Closing Date and
(ii) Base Case Model; provided that, in the case of each of the foregoing, such condition precedent is deemed to be satisfied by the copies of each such document provided to the Administrative Agent and each FRN Purchaser prior to the
Closing Date. 

  

	 	(g)	 Establishment of Accounts. The Investment Accounts required to be established under the Depositary
Agreement shall have been established. 

 5.2 Conditions to Funding Date. The occurrence of the Funding Date, the
obligation of each Lender to make the Loans requested to be made by it under the Credit Agreement on the Funding Date, and the obligation of the FRN Purchasers to purchase the Fixed Rate Notes on the Funding Date are subject to the prior fulfillment
of (a) each of the following conditions to the satisfaction of the Administrative Agent and each FRN Purchaser and (b) in the case of the obligation of the FRN Purchasers to purchase the Fixed Rate Notes on the Funding Date, each of the
conditions set forth in Section 4.2 of the Note Purchase Agreement to the satisfaction of each FRN Purchaser: 

  
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Aspen Bath – Common Terms Agreement 

	 	(a)	 Material Project Documents. The Administrative Agent and each FRN Purchaser shall have received correct
and complete fully executed and certified copies of each of the Material Project Documents, provided that the terms and provisions of each of the Material Project Documents and the Bath Minority Management Agreement shall be substantially in the
form of the drafts attached hereto as Exhibit I, provided to the Lender Parties and the FRN Holders, without any change, modification or amendment thereto that (i) is material and adverse to the interests of the Lender Parties or the FRN
Holders and (ii) does not have the prior consent of the Lender Parties or the FRN Purchasers, as applicable (such consent not to be unreasonably withheld)). 

 

	 	(b)	 Agreements. 

  

	 	(i)	 Shearman & Sterling LLP shall have received a correct and complete fully executed copy of the Purchase
Agreement. 

  

	 	(ii)	 The Administrative Agent and each FRN Purchaser shall have received the Assignment Agreement, in form and
substance satisfactory to the Administrative Agent and each FRN Purchaser. 

  

	 	(c)	 Permits. The Borrower and each of its Affiliates, as applicable, shall have (except as set forth on Part
A of Schedule 5.2(c)), all material Permits under existing rules of a Governmental Authority (including Environmental Laws) that are required to be obtained by or on behalf of the Borrower or any of its Affiliates, as applicable, for the
ownership and operation of the Project (including the sale of electric energy, capacity and any applicable ancillary services therefrom) in all material respects as the Project is currently designed and contemplated to be owned and operated. Except
as set forth on Part B of Schedule 5.2(c), (a) each material Permit (i) shall have been issued to or on behalf of the Borrower or the applicable Affiliate and (ii) shall not be subject to any current legal proceeding (including
administrative or judicial appeal, permit renewals or modifications, suspensions or revocations) or to any unsatisfied material condition, in either case, that would be reasonably expected to have a Material Adverse Effect and (b) all
statutorily prescribed appeal periods with respect to the issuance of such material Permits shall have expired, except any such appeal periods that would not reasonably be expected to have a Material Adverse Effect and each of the Borrower and each
of its applicable Affiliates is in material compliance with all such material Permits. 

  

	 	(d)	 Closing Certificates; Certified Organizational Documents; Good Standing Certificates. The Administrative
Agent and each FRN Purchaser shall have received (i) certificates of each Obligor, dated the Funding Date, substantially in the forms of Exhibit D-1 and Exhibit
D-2, with appropriate insertions and attachments, including the certificate of incorporation, certificate of formation or certificate of limited partnership of each Obligor that is a corporation, limited
liability company or limited partnership, respectively, certified by the relevant authority of the jurisdiction of organization of such Obligor, and (ii) a long form good standing certificate for each Obligor from its jurisdiction of
organization. 

  
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Aspen Bath – Common Terms Agreement 

	 	(e)	 Legal Opinions. The Administrative Agent, the Collateral Agent and each FRN Purchaser shall have
received the following executed legal opinions (or substitute legal opinions from other legal counsel reasonably acceptable to the Administrative Agent, the Collateral Agent and each FRN Purchaser): 

 

	 	(i)	 the legal opinion of Milbank, Tweed, Hadley & McCloy LLP, special New York counsel to the Obligors, in
form and substance reasonably acceptable to the Administrative Agent and each FRN Purchaser; 

  

	 	(ii)	 the legal opinion of King & Spalding LLP, federal energy regulatory counsel to the Obligors, in form
and substance reasonably acceptable to the Administrative Agent and each FRN Purchaser; 

  

	 	(iii)	 the legal opinion of Williams Mullen, Virginia local counsel to the Obligors, with respect to the
enforceability and perfection of the Mortgage to be filed in Virginia on the Mortgaged Properties described therein and any related fixture filings, in form and substance reasonably acceptable to the Administrative Agent and each FRN Purchaser; and

  

	 	(iv)	 the legal opinion of Shearman & Sterling LLP, special New York counsel to each FRN Purchaser, with
respect to enforceability of this Agreement, the Depositary Agreement, the Security Documents and the Note Purchase Agreement and no registration of the Notes. 

 

	 	(f)	 Lien Searches. The Administrative Agent and each FRN Purchaser shall have received the results of a
recent lien search in each of the jurisdictions where assets of the Obligors are located, and each such search shall reveal no Liens on any of the assets of the Obligors, except for Permitted Liens or liens discharged on or prior to the Funding Date
pursuant to documentation reasonably satisfactory to the Administrative Agent and each FRN Purchaser. 

  

	 	(g)	 Filings. Each Uniform Commercial Code financing statement required by the Security Documents or under
law or reasonably requested by the Administrative Agent or any FRN Purchaser to be filed in order to create in favor of the Collateral Agent, for the benefit of the Secured Parties, a perfected Lien on the Collateral described therein, prior and
superior in right to any other Person (other than with respect to Permitted Liens), shall be in proper form for filing. 

  
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Aspen Bath – Common Terms Agreement 

	 	(h)	 Pledged Stock; Stock Powers. The Collateral Agent shall have received (i) the certificates
representing the shares of Equity Interests pledged pursuant to the Pledge and Security Agreement together with an undated stock power for each such certificate executed in blank by a duly authorized officer of the pledgor thereof and (ii) each
promissory note or other instrument (if any) pledged to the Collateral Agent pursuant to the Pledge and Security Agreement endorsed (without recourse) in blank (or accompanied by an executed transfer form in blank) by the pledgor thereof.

  

	 	(i)	 Mortgages. 

  

	 	(i)	 The Collateral Agent shall have received the Mortgage duly executed, acknowledged and delivered by a duly
authorized representative of each party thereto, in a form suitable for filing or recording, together with evidence that a counterpart of such Mortgage has been delivered on or before the Funding Date to the appropriate Title Insurance Company and
is in form suitable for filing or recording in all applicable filing or recording offices that the Administrative Agent and the FRN Purchasers may reasonably deem necessary or desirable in order to create a valid first and subsisting Lien on the
real property interests described therein in favor of the Collateral Agent for the benefit of the Secured Parties, and that all filing and recording taxes and fees have been paid or deposits or other reasonably acceptable arrangements to pay for the
same out of the proceeds of the Loan and/or Fixed Rate Notes have been made by Borrower to or with the Title Insurance Companies. 

  

	 	(ii)	 The Collateral Agent shall have received in respect of the property covered by the Mortgage a fully paid
American Land Title Association Lender’s Extended Coverage title insurance policy (or policies) or marked up unconditional (subject only to payment of fees on the Funding Date out of the proceeds of the Loan and/or Fixed Rate Notes) binder(s),
proforma(s), or commitment(s) for such insurance, in an aggregate amount equal to $370,000,000, together with such endorsements as reasonably requested by the Collateral Agent and which are reasonably available in the applicable jurisdiction at
commercially reasonable rates (a “Title Policy”), issued by Chicago Title Insurance Company or another title insurance company reasonably satisfactory to the Administrative Agent and FRN Purchasers (collectively, the “Title
Insurance Companies”), in each case in form and substance reasonably satisfactory to the Collateral Agent as of the Funding Date. 

  

	 	(iii)	 The Collateral Agent shall have received in respect of the property covered by the Mortgage a survey of such
property as set forth on Schedule 5.2(i)(iii) and certified to the Collateral Agent and the Title Insurance Companies by an independent surveyor duly registered and licensed in the State in which the property described in such survey is located, for
which all necessary fees (where applicable) have been paid (or that reasonably acceptable arrangements for the payment thereof out of proceeds of the Loans have been made)(the “Survey”). 

  
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Aspen Bath – Common Terms Agreement 

	 	(j)	 Solvency Certificate. The Administrative Agent and each FRN Purchaser shall have received a solvency
certificate from the treasurer of the Borrower substantially in the form of Exhibit F. 

  

	 	(k)	 Insurance. The Administrative Agent and each FRN Purchaser shall have received (i) satisfactory
evidence, including customary insurance certificates, that the insurance requirements set forth in Section 7.2 have been satisfied, and that the insurance and all other insurance required to be obtained by the Borrower
pursuant to the Credit Documents is in full force and effect and (ii) a certificate from the Borrower’s insurance broker, dated as of the Funding Date, substantially in the form of Exhibit E, identifying the underwriters, types of
insurance, applicable insurance limits and policy terms consistent with the insurance report delivered pursuant to Section 5.1(e)(ii) above. 

 

	 	(l)	 Fees. The Lender Parties, the Agents and the Joint Coordinating Lead Arrangers shall have received all
fees required to be paid as of the Funding Date under the Fee Letters and any other fee letters between the Borrower, the Joint Coordinating Lead Arrangers and/or the Lender Parties, as applicable, and all expenses required to be paid (subject to
the limitations contained in the Fee Letters and such other fee letters) for which invoices have been presented (including the reasonable fees and expenses of legal counsel) at least three days prior to the Funding Date. All such amounts will be
paid with proceeds of the Loans and/or Fixed Rate Notes made on the Funding Date and will be reflected in the funding instructions given by the Borrower to the Administrative Agent and each FRN Purchaser on or before the Funding Date.

  

	 	(m)	 Debt Service Reserve Account. The Borrower shall have deposited (or shall substantially concurrently
deposit from the proceeds of the Loans and/or Fixed Rate Notes) into the Debt Service Reserve Account an amount equal to the Debt Service Reserve Requirement or shall have delivered an Acceptable Letter of Credit in such amount to the Collateral
Agent. 

  

	 	(n)	 Acquisition. The Acquisition shall have been consummated substantially concurrently with or immediately
following the Funding Date in accordance with the terms of the Purchase Agreement (after giving effect to any modification, amendment, consent or waiver thereto, other than any modification, amendment, consent or waiver that (i) is material and
adverse to the interests of the Lender Parties or the FRN Holders and (ii) does not have the prior consent of the Lender Parties or the FRN Purchasers, as applicable (such consent not to be unreasonably withheld)). 

  
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Aspen Bath – Common Terms Agreement 

	 	(o)	 Flow of Funds Memorandum. The Administrative Agent, the Depositary Agent and each FRN Purchaser
shall have received a flow of funds memorandum outlining the use of proceeds of the Loans and the Fixed Rate Notes (which use shall be in compliance with Section 7.8), in form and substance satisfactory to the
Administrative Agent and each FRN Purchaser. 

  

	 	(p)	 No Default. No Default or Event of Default shall have occurred and be continuing on the Funding Date or
after giving effect to the extensions of credit requested to be made on such date. 

  

	 	(q)	 No Seller Material Adverse Effect. Since September 30, 2016, there shall not have occurred any
event, change or condition that individually or in the aggregate, has had a Seller Material Adverse Effect. 

  

	 	(r)	 Representations and Warranties. (i) Each of the representations and warranties set forth in
Section 4 shall be true and correct in all material respects (except in the case of any of the representations and warranties which expressly relates to a given date or period, such representations and warranties shall be
true and correct in all material respects as of the respective date or for the respective period, as the case may be); provided that to the extent that any of the representations and warranties is qualified by or subject to a “material
adverse effect”, “material adverse change” or similar term or qualification, (1) the definition thereof shall be the definition of “Seller Material Adverse Effect” for purposes of the making or deemed making of such
representations and warranties on, or as of, the Funding Date (or any date prior thereto) and (2) the same shall be true and correct in all respects, and (ii) each of the Purchase Agreement Representations shall be true and correct in all
material respects on the Funding Date as if made on and as of such date, but only to the extent the Acquisition Parent Company or any Affiliate of Acquisition Parent Company have the right under the Purchase Agreement not to consummate the
Acquisition or to terminate the obligations of the Acquisition Parent Company or any Affiliate of Acquisition Parent Company under the Purchase Agreement as a result of a breach of such Purchase Agreement Representations; provided that, to
the extent such Purchase Agreement Representations expressly relate to an earlier date, they shall be true and correct in all material respects as of such earlier date. 

 

	 	(s)	 Notice. (i) With respect to any issuance of a Letter of Credit on the Funding Date, the applicable
Revolving Facility Issuing Bank and the Administrative Agent shall have received a Revolving L/C Application as and when required by Section 3.1(b)(i) of the Credit Agreement, and (ii) with respect to any Revolving Loan on the Funding
Date, the Administrative Agent shall have received a Borrowing Notice as and when required by Section 2.2 of the Credit Agreement. 

  
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Aspen Bath – Common Terms Agreement 

 For the purpose of determining compliance with the conditions specified in this
Section 5.2, each Lender Party that has signed this Agreement shall be deemed to have accepted, and to be satisfied with, each document or other matter required under this Section 5.2 unless the
Administrative Agent shall have received written notice from such Lender Party prior to the proposed Funding Date specifying its objection thereto. 

Notwithstanding the foregoing, in the event that all conditions specified in this Section 5.2 have not been
satisfied at or before 5:00 p.m., New York City time, on October 1, 2018 (the “Longstop Date”), this Agreement, the Credit Agreement and the Note Purchase Agreement shall automatically terminate and be null and void and no
Person shall have any liability or obligation to any other Person under this Agreement, the Credit Agreement or the Note Purchase Agreement (other than the obligation to pay any costs or expenses in accordance with
Section 11.5 of this Agreement or any other Credit Agreement) or as a result of the termination hereof and thereof. 
 SECTION 6.
INFORMATION AS TO THE BORROWER 
 The Borrower hereby agrees that until the Termination Date the Borrower shall: 

6.1 Financial Statements. Furnish to the Administrative Agent (for further distribution by the Administrative Agent to the Lender
Parties) and to each FRN Holder: 
 (a) Quarterly Statements. Within sixty (60) days after the end of each quarterly fiscal
period in each fiscal year of the Borrower (beginning with the first full calendar quarter following the Funding Date and other than the last quarterly fiscal period of each such fiscal year), copies of, 

(i) an unaudited balance sheet of the Borrower as at the end of such quarter; and 

(ii) unaudited statements of income and cash flows, of the Borrower for such quarter and (in the case of the second and third quarters) for
the portion of the fiscal year ending with such quarter, 
 and, commencing with the first full calendar quarter following the first anniversary of the
Funding Date, setting forth in each case in comparative form the figures for the corresponding periods in the previous fiscal year, all in reasonable detail, prepared in accordance with GAAP (except as approved by such accountants or officer, as the
case may be, and disclosed in reasonable detail therein) applicable to quarterly financial statements generally, and certified by a Senior Financial Officer of the Borrower as being fairly stated in all material respects, subject to changes
resulting from year-end adjustments and the absence of footnotes; and 
 (b) Annual
Statements. Within one hundred twenty (120) days after the end of each fiscal year of the Borrower (beginning with the fiscal year ending December 31, 2018), copies of, 

(i) a balance sheet of the Borrower, as at the end of such year; and 

  
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Aspen Bath – Common Terms Agreement 

 (ii) statements of income and cash flows of the Borrower for such year, setting forth in
each case in comparative form the figures for the previous fiscal year, all in reasonable detail, prepared in accordance with GAAP (except as approved by such accountants or officer, as the case may be, and disclosed in reasonable detail
therein), and accompanied by an opinion thereon (without a “going concern” or similar qualification or exception and without any qualification or exception as to the scope of the audit on which such opinion is based, except as expressly
resulting solely from an upcoming maturity date under the Credit Facilities or the Fixed Rate Notes that is scheduled to occur within one year from the time such opinion is delivered) of independent public accountants of recognized national standing
(it being understood that each of (A) Deloitte & Touche, (B) Ernst & Young, (C) KPMG and (D) PricewaterhouseCoopers meet the requirements for purposes of this Section 6.1(b)), which
opinion shall state that such financial statements present fairly, in all material respects, the financial position of the Borrower and its results of operations and cash flows and have been prepared in conformity with GAAP, and that the
examination of such accountants in connection with such financial statements has been made in accordance with generally accepted auditing standards, and that such audit provides a reasonable basis for such opinion in the circumstances. 

6.2 Other Information. Furnish to the Administrative Agent (for further distribution by the Administrative Agent to the Lender Parties)
and to each FRN Holder: 
 (a) Notice of Default or Event of Default. Promptly, and in any event within five (5) Business Days
after a Responsible Officer obtains actual knowledge of the existence of any Default or Event of Default, a written notice specifying the nature and period of existence thereof and what action the Borrower is taking or proposes to take with respect
thereto; 
 (b) ERISA Matters. Promptly, and in any event within thirty (30) days after a Responsible Officer obtains actual
knowledge of any of the following, a written notice setting forth the nature thereof and the action, if any, that the Borrower or an ERISA Affiliate proposes to take with respect thereto: 

(i) with respect to any Plan, any Reportable Event for which notice thereof has not been waived pursuant to such regulations as in effect on
the date hereof; 
 (ii) the taking by the PBGC of steps to institute, or the threatening by the PBGC of the institution of, proceedings
under Section 4042 of ERISA for the termination of, or the appointment of a trustee to administer, any Plan, or the receipt by the Borrower or any ERISA Affiliate of a notice from a Multiemployer Plan that such action has been taken by the PBGC
with respect to such Multiemployer Plan; 
 (iii) the imposition of any Lien on any of the rights, properties or assets of the Borrower
pursuant to Title I or IV of ERISA or any withdrawal from, or the termination, reorganization or insolvency of, any Multiemployer Plan, if such Lien, taken together with any other such Liens then existing, would reasonably be expected to have a
Material Adverse Effect; or 

  
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Aspen Bath – Common Terms Agreement 

 (iv) promptly following any request therefor, copies of (A) any documents described in
Section 101(k) of ERISA that the Borrower or any Commonly Controlled Entity may request with respect to any Multiemployer Plan and (B) any notices described in Section 101(l) of ERISA that the Borrower or any Commonly Controlled
Entity may request with respect to any Plan or Multiemployer Plan; provided that if the Borrower or any Commonly Controlled Entity has not requested such documents or notices from the administrator or sponsor of the applicable Plan or
Multiemployer Plan, the Borrower or the Commonly Controlled Entity(ies) shall promptly make a request for such documents or notices from such administrator or sponsor and shall provide copies of such documents and notices promptly after receipt
thereof; 
 (c) Notices from Governmental Authority. Promptly, and in any event within thirty (30) days of receipt
thereof, copies of any notice to the Borrower from any federal or state Governmental Authority relating to any order, ruling, statute or other law or regulation that would reasonably be expected to have a Material Adverse Effect; 

(d) Resignation or Replacement of Auditors. Within ten (10) Business Days following the date on which the auditors of the
Borrower resign or the Borrower elects to change auditors, as the case may be, notification thereof; 
 (e) Material Events.
Promptly, and in any event within ten (10) Business Days after a Responsible Officer obtains actual knowledge thereof, notification of: (A) the occurrence of any Casualty Event or Event of Eminent Domain with respect to the properties of
the Borrower in excess of $10,000,000 in value in the aggregate, (B) any litigation or similar proceeding (including any Environmental Claim) affecting the Borrower or its properties that has resulted in or would reasonably be expected to have
a Material Adverse Effect, (C) the termination or revocation of any material Permit to the extent it has or would reasonably be expected to have a Material Adverse Effect, or (D) the occurrence of any other event that would reasonably be
expected to have a Material Adverse Effect; 
 (f) Material Agreements. Promptly, and in any event not later than ten
(10) Business Days after the Borrower receives notice or gives notice, as the case may be, or a Responsible Officer obtains actual knowledge, thereof, (i) notification of any termination or expiration (other than by its terms), or notice
of event of default under, any Material Project Document, (ii) copies of any material written amendments or modifications to any Material Project Document, (iii) copies of any Material Project Documents entered into by the Borrower after
the Closing Date, and (iv) any claim of force majeure under any Material Project Document which exists for more than thirty (30) days; 

(g) Insurance. Within one hundred twenty (120) days after the end of each fiscal year of the Borrower, evidence that
insurance complying with the requirements of Section 7.2 has been obtained and is in full force and effect and all premiums due thereon have been paid in full; 

(h) Operation Report. No later than sixty (60) days after the end of each calendar quarter a reasonably detailed operating
report substantially in the form of Exhibit H for the previous calendar quarter; 
 (i) Budgets. Within 30 days of its receipt
thereof pursuant to section 2.5 of the Bath Operating Agreement, the Borrower shall deliver to the Administrative Agent and the FRN Holders a reasonably detailed budget for the following fiscal year, which budget shall be accompanied by a
certificate of a Responsible Officer stating that such budget is based on reasonable estimates, information and assumptions and that such Responsible Officer has no reason to believe that such budget is incorrect or misleading in any material; 

  
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Aspen Bath – Common Terms Agreement 

 (j) Requested Information. With reasonable promptness, such other data and
information relating to the business, operations, financial condition, assets or properties of the Borrower or relating to the ability of the Borrower to perform its obligations hereunder and under the Credit Documents to which it is a party as from
time to time may be reasonably requested by any FRN Holder or any Lender Party. 
 (k) Electronic Delivery. Financial
statements, other information and Officer’s Certificates that are required to be delivered by the Borrower pursuant to Section 6.1(a) or (b) shall be deemed to have been delivered if the Borrower
satisfies any of the following requirements with respect thereto: 
 (i) such financial statements satisfying the requirements of
Section 6.1(a) or (b) and related Officer’s Certificate satisfying the requirements of Section 6.3 are delivered to each FRN Holder and each Lender Party by e-mail; or 

(ii) such financial statements satisfying the requirements of Section 6.1(a) or (b) and
related Officer’s Certificate satisfying the requirements of Section 6.3 are timely posted by or on behalf of the Borrower on Intralinks or on any other similar website to which each FRN
Holder and each Lender Party has free access and the ability to download and print such items; 
 provided however, that in the case
of clause (ii), the Borrower shall have given each FRN Holder and each Lender Party prior written notice, which may be by e-mail or in accordance with
Section 11.2, of such posting in connection with each delivery, provided, further, that upon request of any FRN Holder or any Lender Party to receive paper copies of such forms, financial statements and Officer’s
Certificates or to receive them by e-mail, the Borrower will promptly e-mail them or deliver such paper copies, as the case may be, to such FRN Holder or Lender Party.

 6.3 Officer’s Certificates. Each set of financial statements delivered to a FRN Holder or Lender Party pursuant
to Section 6.1(a) or Section 6.1(b) shall be accompanied by an Officer’s Certificate executed by a Senior Financial Officer setting forth a statement that, to such Senior Financial Officer’s actual knowledge after due inquiry,
such Senior Financial Officer has obtained no actual knowledge of any Default or an Event of Default or, if any such Default or Event of Default exists, specifying the nature and period of existence thereof. In the event that the Borrower has made
an election to measure any financial liability using fair value (which election is being disregarded for purposes of determining compliance with this Agreement pursuant to Section 1.2) as to the period covered by any such financial statement,
such Senior Financial Officer’s certificate as to such period shall include a reconciliation from GAAP with respect to such election. 

6.4 Visitation. Subject to the terms of the Bath Operating Agreement, the Bath Ownership Agreement and the Bath Minority Management
Agreement, the Borrower shall permit the representatives of each FRN Holder and Lender Party: 

  
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Aspen Bath – Common Terms Agreement 

 (a) No Default — if no Default or Event of Default then exists, at the expense of such
FRN Holder or Lender Party and upon reasonable prior notice to the Borrower, to visit the principal executive office of the Borrower to discuss the finances and accounts of the Borrower with the Borrower’s officers, and (with the consent of the
Borrower, which consent will not be unreasonably delayed or withheld) to visit the other offices and properties of the Borrower, not more than once each calendar year during normal business hours; and 

(b) Default — if a Default or Event of Default then exists, at the expense of the Borrower to visit and inspect any of the offices or
properties of the Borrower, to examine all their respective books of account, records, reports and other papers, to make copies and extracts therefrom, and to discuss the finances and accounts of the Borrower with the Borrower’s officers and
independent public accountants (and by this provision the Borrower authorizes said accountants to discuss the affairs, finances and accounts of the Borrower), all at such times and as often as may be reasonably requested. 

SECTION 7. AFFIRMATIVE COVENANTS 
 The Borrower
hereby agrees that until the Termination Date: 
 7.1 Compliance with Laws. Without limiting Section 8.3,
the Borrower shall, (provided that, in relation to the Project, the Borrower shall only be required to use, Project Commercially Reasonable Efforts to): (a) comply with all Applicable Laws (including Environmental Laws, the Patriot Act and the other
laws and regulations referred to in Section 4.15 hereto) except where such non-compliance would not reasonably be expected to result in a Material Adverse Effect and (b) maintain
and, from time to time obtain and renew, all material Permits, as is or in the future shall be necessary for the ownership, operation and maintenance of the Project in accordance with the Transaction Documents and Applicable Laws except where the
failure to maintain such Permits would not reasonably be expected to result in a Material Adverse Effect. 
 7.2 Insurance. The
Borrower shall at all times, without cost to the Collateral Agent or any other Secured Party, in relation to the Project, use Project Commercially Reasonable Efforts to, maintain or cause to be maintained, insurance in accordance with, and comply
with, the requirements set forth on Schedule 7.2 hereto. 
 7.3 Maintenance of Properties. The
Borrower shall, in relation to the Project, use Project Commercially Reasonable Efforts, to maintain and keep, or cause to be maintained and kept, its properties in good working order and condition (other than ordinary wear and tear), and shall use
Project Commercially Reasonable Efforts to require VEPCO to operate and maintain the Project in all material respects in accordance with Prudent Industry Practices and Applicable Laws except, in any such case, where the failure to do so would not
reasonably be expected to result in a Material Adverse Effect. 
 7.4 Payment of Taxes; Fees. The Borrower
shall file all material tax returns required to be filed by it in any jurisdiction and to pay and discharge all Taxes shown to be due and payable on such returns and all other Taxes, assessments, governmental charges, levies or utility charges
imposed on it or any of its properties, assets, income or franchises, to the extent the same 

  
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Aspen Bath – Common Terms Agreement 

 
have become due and payable and before they have become delinquent; provided that the Borrower shall not be required to pay any such Tax, assessment, charge or levy to the extent that
(x) the amount, applicability or validity thereof is contested by the Borrower on a timely basis in good faith and in appropriate proceedings, and the Borrower has established adequate reserves therfor in accordance with GAAP on the books of
the Borrower or (y) the nonpayment of such Taxes, assessments, charges and levies, individually or in the aggregate, would not reasonably be expected to have a Material Adverse Effect. 

7.5 Legal Existence, Conduct of Business, Payment of Obligations, Etc. Subject to Section 8.2, the Borrower
shall at all times (a) preserve and keep in full force and effect its legal existence as a Delaware limited liability company, (b) maintain all material rights, privileges and franchises necessary in the normal conduct of its business
except where the failure to do so would not reasonably be expected to result in a Material Adverse Effect and (c) pay all of its material obligations, howsoever arising, as and when due and payable, except (i) such as may be contested in
good faith or as to which a bona fide dispute may exist or (ii) where the failure to pay such obligations would not reasonably be expected to have a Material Adverse Effect. 

7.6 Books and Records. The Borrower shall maintain proper books of record and account in conformity with GAAP and otherwise in all
material respects in compliance with all applicable requirements of any Governmental Authority having legal or regulatory jurisdiction over the Borrower. The Borrower has devised a system of internal accounting controls sufficient to provide
reasonable assurances that its books, records, and accounts accurately reflect all transactions and dispositions of assets and the Borrower shall continue to maintain such system. 

7.7 Continued Perfection of Security Interests. 

(a) With respect to any property acquired after the Funding Date by the Borrower (other than (x) any property described in paragraph
(b) below), (y) any property constituting Excluded Assets and (z) any property subject to a Lien expressly permitted by Section 8.4 as to which the Collateral Agent, for the benefit of the Secured
Parties, does not have a perfected Lien) promptly (i) execute and deliver to the Collateral Agent such amendments to the Security Documents or such other documents as the Required Financing Parties or the Collateral Agent deems necessary or
advisable to grant to the Collateral Agent, for the benefit of the Secured Parties, a security interest in such property, and (ii) take all actions necessary or advisable to grant to the Collateral Agent, for the benefit of the Secured Parties,
a perfected first priority security interest in such property, including the entering into of account control agreements, delivery of Collateral that can be perfected by possession and the filing of Uniform Commercial Code financing statements in
such jurisdictions as may be required by the Security Documents or by law or as may be reasonably requested by the Collateral Agent; provided that the actions contemplated by clause (ii) shall not be required in respect of any
such property if perfection of the security interest in such property requires more than the entering into of account control agreements and the filing of Uniform Commercial Code financing statements or delivery of Collateral that can be perfected
by possession unless the value of such property, individually or in the aggregate, is equal to $1,000,000 or more. 

  
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Aspen Bath – Common Terms Agreement 

 (b) With respect to any fee interest in any real property (together with improvements
thereof) that has a value, in the reasonable opinion of the Borrower, in excess of $1,000,000 acquired after the Funding Date by the Borrower (other than (x) property constituting Excluded Assets, (y) property subject to the Mortgage
delivered on the Funding Date and (z) any such real property subject to a Lien expressly permitted by paragraph (f)(ii) of the definition of Permitted Lien), promptly (i) execute and deliver a first priority mortgage or deed of
trust, as applicable (or amendments to existing Mortgages) in favor of the Collateral Agent, for the benefit of the Secured Parties, covering such real property, and (ii) if reasonably requested by the Required Financing Parties or the
Collateral Agent, provide the Secured Parties with title insurance, surveys, consents, estoppels (if applicable) and legal opinions in form and scope substantially consistent with the corresponding documentation delivered on the Funding Date. 

7.8 Use of Proceeds. 
  

	 	(a)	 Use the proceeds of the Fixed Rate Notes solely to (i) fund the purchase price for the Acquisition (or to
reimburse the Sponsor in connection therewith), (ii) fund the Debt Service Reserve Account to the extent not funded with a Letter of Credit and (iii) fund certain transaction costs, fees and expenses incurred in connection with the
Transactions. 

  

	 	(b)	 Use the proceeds of the Revolving Loans solely to finance the general corporate and working capital purposes of
the Borrower, including to support the Borrower’s obligations under Permitted Commodity Hedge and Power Sales Agreements, Bath Operating Agreement and other collateral requirements of the Borrower, to fund the Debt Service Reserve Account
and/or to fund any Revolving L/C Unreimbursed Drawing. 

  

	 	(c)	 Use the Letters of Credit solely to finance the general corporate and working capital purposes of the Borrower,
including to support the Borrower’s obligations under Permitted Commodity Hedge and Power Sales Agreements, Bath Operating Agreement and other collateral requirements of the Borrower and to fund the Debt Service Reserve Account.

 7.9 Separateness. The Borrower shall act as, and at all times shall hold itself out to the public as, a legal
entity separate and distinct from any other entity (including any Affiliate of the Borrower or any constituent party of the Borrower), shall correct any known misunderstanding regarding its status as a separate entity, shall conduct business in its
own name, shall not identify itself or any of its Affiliates as a division or part of the other and shall maintain and utilize a separate telephone number, separate stationery, separate bank accounts, invoices and checks bearing its own name and
shall otherwise comply with the provisions of Schedule 7.9. 
 7.10 Compliance with Material Project Documents.
The Borrower shall duly and punctually perform and observe its covenants and obligations, and preserve, protect and defend its rights, under all Material Project Documents except to the extent that failure to do so would not reasonably be expected
to have a Material Adverse Effect. 

  
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Aspen Bath – Common Terms Agreement 

 7.11 Energy Regulation. The Borrower shall take or cause to be taken
all necessary or appropriate actions so that it (a) shall be authorized by FERC to sell at wholesale electric energy, capacity and, to the extent applicable, ancillary services at market-based rates with all waivers of regulations and blanket
authorizations as are customarily granted by FERC to entities authorized to sell electricity at wholesale at market-based rates, in each case to the extent such authorization is required for the Borrower to sell electricity at wholesale at
market-based rates in accordance with all Applicable Law and (b) maintains EWG status pursuant to PUHCA. 
 7.12 Account Control
Agreements. Within 60 days following the Funding Date or the opening of any Local Account, deliver to the Intercreditor Agent and the Collateral Agent customary account control agreements in form and substance reasonably satisfactory to
the Collateral Agent (the “Account Control Agreements”) for each of the Local Accounts, entered into by the depositary institution maintaining each Local Account and pursuant to which such depositary institution shall agree to
comply solely with the Collateral Agent’s instructions with respect to the disposition of funds in such Local Account upon the occurrence and continuance of an Event of Default and without the consent of any other Person. 

SECTION 8. NEGATIVE COVENANTS 
 The Borrower
hereby agrees that until the Termination Date the Borrower shall not do any of the following: 
 8.1 Transactions with
Affiliates. The Borrower shall not enter into any transaction or group of related transactions (including, without limitation the purchase, lease, sale or exchange of properties of any kind or the rendering of any service) with any
Affiliate, except on terms no less favorable to the Borrower than it would obtain in a comparable arm’s-length transaction with a Person that is not an Affiliate. Notwithstanding the foregoing, the
Borrower may make the payments permitted by Section 8.8. 
 8.2 Prohibition on Fundamental Changes; Line of
Business. 
 (a) The Borrower shall not (i) enter into any transaction of merger or consolidation, change its form or jurisdiction
of organization or its business, liquidate or dissolve itself (or suffer any liquidation or dissolution), (ii) dispose of all or substantially all of its assets in a single transaction or series of related transactions, or (iii) discontinue its
business. 
 (b) The Borrower shall not form any Subsidiaries or purchase or otherwise acquire all or substantially all of the assets or any
class of stock or ownership interest of any other Person or become a general or limited partner in any partnership, a joint venturer in any joint venture or a member in any limited liability company. 

(c) The Borrower shall not engage in any business other than the ownership, operation, maintenance, use (including the generation, sale and
transmission of electric energy), and financing of the Project and activities reasonably related thereto or reasonable extensions thereof. 

  
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Aspen Bath – Common Terms Agreement 

 8.3 Terrorism Sanctions Regulations. The Borrower shall not, nor shall it
suffer or permit Holdings, to (a) become (including by virtue of being owned or controlled by a U.S. Blocked Person), own or control a U.S. Blocked Person or any Person that is the target of sanctions imposed by the United Nations or by
the European Union, (b) directly or indirectly have any investment in or engage in any dealing or transaction (including, without limitation, any investment, dealing or transaction involving the proceeds of any Loan, any Fixed Rate Note or any
Letter of Credit) with any Person if such investment, dealing or transaction (i) would cause any holder to be in violation of any law or regulation applicable to such holder, or (ii) is prohibited by or subject to sanctions under any
U.S. Economic Sanctions, or (c) engage in any activity that would subject such Person or any holder to sanctions under CISADA or any similar law or regulation with respect to Iran or any other country that is subject to U.S. Economic
Sanctions. 
 8.4 Liens. The Borrower shall not create, incur or assume any Lien on or with respect to any of its property or its
assets (including any Collateral), whether now owned or held or hereafter acquired, except for Permitted Liens. 
 8.5 Indebtedness.
The Borrower shall not create, incur, assume, suffer to exist or otherwise be or become liable with respect to any Indebtedness except the following (collectively, “Permitted Indebtedness”): 

(a) Indebtedness incurred pursuant to any Credit Document; 

(b) [Reserved]; 
 (c) unsecured
Indebtedness of the Borrower (other than Intercompany Indebtedness) in an aggregate principal amount at any one time outstanding not to exceed $5,000,000; 

(d) Purchase Money Indebtedness (including Capital Lease Obligations); provided that the aggregate principal amount and the capitalized
portion of such obligations do not at any one time exceed $10,000,000 in the aggregate at any one time outstanding; 
 (e) unsecured
Indebtedness of the Borrower in an aggregate outstanding principal amount not to exceed $15,000,000 owing to any Affiliate of the Borrower so long as such Indebtedness is subordinated in right of payment to the Fixed Rate Notes and the Loans in
accordance with the terms of subordination reasonably acceptable to the Intercreditor Agent (“Intercompany Indebtedness”); 

(f) Permitted Refinancing Indebtedness to refinance all or any portion of any Indebtedness permitted under this Section; provided that
the amount of any such Permitted Refinancing Indebtedness shall be deemed outstanding as the same type of Indebtedness being refinanced for purposes of determining the capacity of the Borrower to create, incur, assume, suffer to exist or otherwise
be or become liable with respect to any Indebtedness (to the extent such capacity is limited hereunder); 
 (g) [Reserved]; 

(h) Indebtedness listed on Schedule 8.5(h); 

  
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Aspen Bath – Common Terms Agreement 

 (i) Performance Guarantees supporting the Project; provided that the terms of any
such Performance Guarantee shall be generally consistent with past practice of the Borrower and its Affiliates and in no event shall any such Performance Guarantee be secured by Collateral; 

(j) Indebtedness under any Permitted Commodity Hedge and Power Sales Agreement or other Swap Agreement entered into in accordance with
Section 8.13; 
 (k) to the extent constituting Indebtedness, obligations in respect of performance bonds, bid
bonds, appeal bonds, surety bonds, completion guarantees, indemnification obligations, obligations to pay insurance premiums, take-or-pay obligations contained in supply
agreements and similar obligations incurred in the ordinary course of business and not in connection with Indebtedness for Borrowed Money; 

(l) Indebtedness in respect of any bankers’ acceptance, letter of credit, warehouse receipt or similar facilities entered into in the
ordinary course of business and not in respect of Swap Agreements; and 
 (m) Indebtedness in respect of netting services, overdraft
protections and otherwise in connection with deposit accounts. 
 To the extent that the creation, incurrence or assumption of any Indebtedness could be
attributable to more than one subsection of this Section 8.5, the Borrower may allocate such Indebtedness to any one or more of such subsections and in no event shall the same portion of Indebtedness be deemed to utilize or
be attributable to more than one subsection. For the avoidance of doubt, any Indebtedness permitted to be incurred by the Borrower, as the case may be, under a specific subsection of this Section 8.5 and any Guarantee in
respect of such Indebtedness which is also permitted to be incurred by the Borrower, as the case may be, under the same subsection of this Section 8.5 shall not count as two separate amounts of Indebtedness for purposes of
calculating compliance with the limitations set forth in such subsection. 
 8.6 Sale of Assets. The Borrower shall not enter into
any Asset Disposition. 
 8.7 Investments. The Borrower shall not make or hold any Investment, except: 

(a) extensions of trade credit in the ordinary course of business; 

(b) any Investment in, or that at the time of making such Investment was, Cash Equivalents; 

(c) Indebtedness permitted by Section 8.5; 

(d) loans and advances to officers, directors and employees of the Borrower in the ordinary course of business (including for reasonable and
customary travel, relocation and similar expenses incurred in the ordinary course of business) in an aggregate un-recovered amount (valued at cost) not to exceed (net of any cash return of capital received by
the Borrower in respect of any such Investments) $1,000,000 at any one time outstanding; 

  
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Aspen Bath – Common Terms Agreement 

 (e) to the extent constituting Investments, any reinvestment of Net Cash Proceeds as
contemplated by Section 3.3(a); 
 (f) to the extent constituting Investments, Investments in contracts and other
agreements (including Swap Agreements) to the extent otherwise permitted under the Credit Documents; 
 (g) Investments received in
connection with the bankruptcy or reorganization of suppliers and customers and in settlement of delinquent obligations of, and other disputes with, customers arising in the ordinary course of business; or 

(h) Investments made by the Borrower solely with the proceeds of capital contributions received directly or indirectly from Holdings,
provided that such Investments are applied consistent with Section 8.2(c). 
 To the extent that the making of any
Investment could be deemed a use of more than one subsection of this Section 8.7, the Borrower may select the subsection to which such Investment shall be deemed a use and in no event shall the same portion of an Investment
be deemed a use of more than one subsection. 
 8.8 Restricted Payments. The Borrower shall not declare or make, or agree to pay or
make any Restricted Payment, other than (i) a Restricted Payment which shall be made with proceeds of the Fixed Rate Notes on the Funding Date in connection with the Acquisition as contemplated by Section 7.8 or
(ii) a Restricted Payment otherwise expressly permitted under the terms of the Depositary Agreement, unless the following conditions are satisfied as of the most recent Quarterly Date (the “Relevant Date”): 

(a) no Default or Event of Default shall have occurred and be continuing or results therefrom; 

(b) the Debt Service Coverage Ratio for the period of four (4) consecutive quarters ending on the Quarterly Date immediately prior to such
Relevant Date shall be equal to or greater than 1.35 to 1.00; and 
 (c) the Debt Service Reserve Account have been fully funded in an amount
equal to the Debt Service Reserve Requirement. 
 All Restricted Payments permitted by this Section 8.8 shall be made solely from
funds which are available for distribution to the Borrower for such purpose pursuant to the terms of the Depositary Agreement. 
 8.9
Amendments to Organizational Documents; Etc. 
 (a) The Borrower shall not make any amendment, modification or change to the
Borrower’s limited liability company agreement or certificate of formation that is adverse to the interests of the FRN Holders or the Lender Parties in any material respect without the prior written consent of the Required Financing Parties.

  
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Aspen Bath – Common Terms Agreement 

 (b) The Borrower shall not make any change in fiscal year end date from December 31. 

(c) The Borrower shall not change its name or the location of its chief executive office, principal place of business or federal identification
number without written notice to the Collateral Agent, the Administrative Agent and the FRN Holders within thirty (30) days following such change. 

8.10 Material Project Documents; Etc. 

(a) The Borrower shall not cause, consent to, or permit, and in relation to the Project as a whole, use Project Commercially Reasonable Efforts
to not cause, consent to, or permit, in each case, any termination (except pursuant to the terms thereof), amendment, replacement, modification, assignment, variance or waiver of timely compliance with any terms or conditions of any material Permit
or the Material Project Documents to which it is a party other than pursuant to the Security Documents or, with respect to any Material Project Participant, as expressly permitted in the corresponding Material Project Document, except: 

(i) the extension of a material Permit or Material Project Document on terms that are not materially adverse to the FRN Holders or Lender
Parties shall not require the consent of the Required Financing Parties; or 
 (ii) any termination, amendment, replacement, modification,
variance or waiver of a material Permit or Material Project Document, to the extent that such termination, amendment, replacement, modification, variance or waiver would not reasonably be expected to result in a Material Adverse Effect, it being
understood that an amendment or modification to the FERC License No. 2716 in respect of the Project to remove the Bath Transmission Lines from the scope thereof shall not be deemed to result in a Material Adverse Effect. 

(b) The Borrower shall not enter into any Additional Project Documents unless (i) entering into such document would not reasonably be
expected to result in a Material Adverse Effect, and (ii) the Borrower shall use its commercially reasonable efforts to obtain a Consent for sixty (60) days after entering into such Additional Project Document. 

(c) The Borrower shall not cause, consent to, or permit any termination (except pursuant to the terms thereof), amendment, replacement,
modification, assignment (except pursuant to the terms thereof), variance or waiver of timely compliance with any terms or conditions of the Bath Minority Management Agreement, except any termination, amendment, replacement, modification,
assignment, variance or waiver, to the extent that such any termination, amendment, replacement, modification, assignment, variance or waiver would not reasonably be expected to result in a Material Adverse Effect. 

8.11 Maintenance of Accounts. The Borrower shall not open and maintain, or otherwise deposit or withdraw sums from any deposit
accounts or securities accounts, other than (a) the Reserve Accounts, the Revenue Account and the Local Account, (b) lock-box accounts required under Energy Management Agreements, (c) (i)
payroll accounts with balances that do not exceed $1,000,000 in the aggregate at any time outstanding and (ii) pass-through accounts, zero-balance accounts and similar accounts so long as (x) funds
are not held in such accounts for 

  
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Aspen Bath – Common Terms Agreement 

 
more than a one-day period and (y) balances in such accounts do not exceed $3,000,000 in the aggregate at any time outstanding, (d) (i) cash
collateral accounts holding initial margin, variation margin, cash collateral or other performance assurance provided to the Borrower by counterparties under any agreement, instrument or other written undertaking to which the Borrower is a party,
and (ii) other similar accounts subject to a Permitted Lien, and (e) any other accounts referred to in the Depositary Agreement. After the Funding Date, if the Borrower has insufficient amounts available to fund the Debt Service Reserve
Account in an amount equal to the Debt Service Reserve Requirement, the failure to so fund the Debt Service Reserve Account shall not be deemed a Default or an Event of Default hereunder. 

8.12 Tax Elections. The Borrower shall not alter its classification from being a Pass-Through Entity for United States federal income
tax purposes. 
 8.13 Swap Agreements. The Borrower shall not enter into any Swap Agreement except in the ordinary course of business
and not for the purpose of speculation where (a) a Responsible Officer of the Borrower has reasonably determined that it is on terms fair and reasonable to, the Borrower and that entry into such Swap Agreement would not reasonably be expected
to have a Material Adverse Effect, (b) such Swap Agreement does not create any Lien on or with respect to the property or assets of the Borrower other than Permitted Liens and (c) in the case of any Commodity Hedge and Power Sales
Agreements it (i) is entered into to hedge against or mitigate the risks of fluctuations in commodity (including transportation) prices or availability to which the Borrower has actual or reasonably expected exposure in and for amounts no more
than the Borrower is reasonably expected to use or consume for the purposes thereof and (ii) with respect to physical sales of energy or capacity, commits the Borrower to no more than the reasonably expected uncommitted available output on a
net basis (based on physical and economic input availability and output) of the Project taking into account all related Commodity Hedge and Power Sales Agreements of the Project. For the avoidance of doubt, the Borrower may enter into any agreement
(including, but not limited to, any guarantee, credit sleeve or similar agreement) providing credit support for any Swap Agreement entered into in accordance with the terms hereof and to the extent otherwise not prohibited by this Agreement. 

SECTION 9. EVENTS OF DEFAULT 
 An “Event of
Default” shall exist if any of the following conditions or events shall occur and be continuing: 
  

	 	(a)	 the Borrower defaults in the payment of: (i) any principal of any Loan, Revolving L/C Unreimbursed Drawing
or the Fixed Rate Notes when due in accordance with the terms of the applicable Credit Documents; (ii) any Make-Whole Amount when due in accordance with the terms of the applicable Credit Documents; (iii) any scheduled interest on any
Loan, Revolving L/C Unreimbursed Drawing or the Fixed Rate Notes or any fees payable pursuant to the applicable Credit Documents within five Business Days after any such interest or fees become due in accordance with the terms thereof; or
(iv) any other amount payable hereunder or under any other Credit Document within 30 days after such amount becomes due in accordance with the terms hereof or thereof; or 

  
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	 	(b)	 the Borrower defaults in the performance of or compliance with any obligation or covenant contained in
Section 6.2(a), 7.5(a), or Article 8; provided that any Default or Event of Default that occurs and is continuing solely as a result of a failure of the Borrower to provide a notice, a report, a budget,
a certificate, financial statements or a similar written deliverable pursuant to Section 6.2(a) (collectively a “Reporting Deliverable”) prior to the date set forth herein with respect thereto or the
expiration of the time period specified for the delivery of such Reporting Deliverable shall be deemed to be cured upon delivery of such Reporting Deliverable to the FRN Holders or the Lender Parties, as applicable, notwithstanding that the time
period for delivery of such Reporting Deliverable shall have expired or passed; or 

  

	 	(c)	 the Borrower or Holdings defaults in the performance of or compliance with any obligation or covenant contained
herein (other than those referred to in Section 9(a) or (b)) or in any other Credit Document and such default is not remedied within sixty (60) days after the earlier of (i) a Responsible Officer obtaining
actual knowledge of such default and (ii) the Borrower receiving written notice of such default from any FRN Holder or the Administrative Agent (any such written notice to be identified as a “notice of default” and to refer
specifically to this Section 9(c)); provided, however, that if such default is of a nature that it cannot be reasonably cured within such sixty (60) day period but is susceptible to cure within a longer period,
an Event of Default shall not result therefrom so long as the Borrower as promptly as practicable commences action reasonably designed to cure such default and continues to diligently pursue such action and such default is cured within sixty
(60) days after the expiration of the initial sixty (60) day grace period; or 

  

	 	(d)	 any representation or warranty made in writing by any Obligor under this Agreement or under any other Credit
Document or in any writing furnished in connection with the transactions contemplated hereby or thereby proves to have been false or incorrect in any material respect on the date as of which made; provided that, if the facts giving rise to
such false or incorrect representation or warranty are capable of being cured or remedied, such facts are not cured or remedied within thirty (30) days (or if such facts are not susceptible to cure or remedy within thirty (30) days, and
such Obligor is proceeding with diligence and in good faith to cure or remedy such facts, such thirty (30) day period shall be extended as may be necessary to cure or remedy such facts, such extended period not to exceed ninety (90) days
in the aggregate) after the earlier of (i) a Responsible Officer obtaining actual knowledge of such default and (ii) such Obligor receiving written notice of such failure from any FRN Holder or the Administrative Agent; or

  
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	 	(e)	 (i) the Borrower is in default (as principal or as guarantor or other surety) in the payment of any principal
of or premium or make-whole amount or interest on any Indebtedness that is outstanding in an aggregate principal amount of at least $10,000,000 beyond any period of grace provided with respect thereto, or
(ii) the Borrower is in default in the performance of or compliance with any term of any evidence of any Indebtedness in an aggregate outstanding principal amount of at least $10,000,000 or of any mortgage, indenture or other agreement relating
thereto, or any other condition exists, and as a consequence of such default or condition such Indebtedness has become, or has been declared (or one or more Persons are entitled to declare such Indebtedness to be), due and payable before its stated
maturity or before its regularly scheduled dates of payment; or 

  

	 	(f)	 any Obligor (i) is generally not paying, or admits in writing its inability to pay, its debts as they
become due, (ii) files, or consents by answer or otherwise to the filing against it of a petition for relief or reorganization or arrangement or any other petition in bankruptcy, for liquidation or to take advantage of any bankruptcy,
insolvency, reorganization, moratorium or other similar law of any jurisdiction, (iii) makes an assignment for the benefit of its creditors, (iv) consents to the appointment of a custodian, receiver, trustee or other officer with similar
powers with respect to it or with respect to any substantial part of its property, (v) is adjudicated as insolvent or to be liquidated, or (vi) takes corporate action for the purpose of any of the foregoing; or 

 

	 	(g)	 a court or Governmental Authority of competent jurisdiction enters an order appointing, without consent by any
Obligor, a custodian, receiver, trustee or other officer with similar powers with respect to it or with respect to any substantial part of its property, or constituting an order for relief or approving a petition for relief or reorganization or any
other petition in bankruptcy or for liquidation or to take advantage of any bankruptcy or insolvency law of any jurisdiction, or ordering the dissolution, winding-up or liquidation of any Obligor, as the case
may be, or any such petition shall be filed against any Obligor and such petition shall not be dismissed within sixty (60) days; or 

  

	 	(h)	 a final judgment or judgments (other than judgments fully covered by insurance) for the payment of money
aggregating in excess of $10,000,000, including without limitation a final order enforcing a binding arbitration decision, are rendered against the Borrower, which judgments are not, within sixty (60) days after entry thereof, bonded,
discharged or stayed pending appeal, or are not discharged within sixty (60) days after the expiration of such stay; or 

  

	 	(i)	 (i) the Borrower shall engage in any non-exempt “prohibited
transaction” (as defined in Section 406 of ERISA or Section 4975 of the Code) involving any Plan, (ii) any “accumulated funding deficiency” (as defined in Section 302 of ERISA) or any failure by any Plan that is
subject to Title IV of ERISA to satisfy the minimum funding standards (within the 

  
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meaning of Section 412 or 430 of the Code or Section 302 of ERISA), whether or not waived, shall exist with respect to any Plan or any Lien in favor of the PBGC or a Plan shall arise on
the assets of the Borrower or any Commonly Controlled Entity, (iii) a Reportable Event shall occur with respect to, or proceedings shall commence to have a trustee appointed, or a trustee shall be appointed, to administer or to terminate, any
Single Employer Plan, which Reportable Event or commencement of proceedings or appointment of a trustee is reasonably likely to result in the termination of such Plan for purposes of Title IV of ERISA, (iv) any Single Employer Plan shall
terminate for purposes of Title IV of ERISA, (v) there is a determination that any Plan that is subject to Title IV of ERISA is, or is reasonably expected to be, in “at risk” status (within the meaning of Title IV of ERISA), (vi) the
Borrower or any Commonly Controlled Entity shall, or in the reasonable opinion of the Required Financing Parties is likely to, incur any liability in connection with a withdrawal from, or the insolvency or reorganization or endangered or critical
status (within the meaning of Section 432 of the Code or Section 305 or Title IV of ERISA) of, a Multiemployer Plan or (vii) any other event or condition shall occur or exist with respect to a Plan; and in each case in clauses
(i) through (vii) above, such event or condition, together with all other such events or conditions, if any, would reasonably be expected to have a Material Adverse Effect; or 

 

	 	(j)	 (i) any of the Security Documents shall fail to be in full force and effect or fail to provide the Collateral
Agent (acting for the benefit of the Secured Parties) the Liens, security interest, rights, titles, interest, remedies, powers or privileges intended to be created thereby (taken as a whole), or the validity thereof or the applicability thereof to
the Fixed Rate Notes, Credit Facilities or any other obligations purported to be secured thereby or any part thereof shall be disaffirmed by or on behalf of the Borrower or (ii) any Equity Interests in the Borrower shall cease to be subject to
a first priority perfected Lien in favor of the Collateral Agent; or 

  

	 	(k)	 the Borrower shall have voluntarily abandoned the Project for more than ninety (90) consecutive days
(other than as a result of an event of force majeure); or 

  

	 	(l)	 the Borrower or a Material Project Participant party to a Material Project Document fails to perform or observe
any of its material covenants or obligations thereunder or is otherwise in default thereunder after expiration of all applicable grace periods thereunder and as a consequence of such default such Material Project Document is terminated, and such
termination would reasonably be expected to result in a Material Adverse Effect; provided that, no such event shall be an Event of Default if within ninety (90) days from the occurrence of any such event, (i) any breaching party
resumes performance and otherwise cures such failure to perform or observe its covenants or obligations under such Material 

  
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Project Document, or (ii) the default or breach is by a Material Project Participant and the Borrower enters into an Additional Project Document that meets the standards of a replacement
agreement set forth in Section 8.10(b) on pricing and other terms and conditions (taken as a whole) no less favorable to the Borrower than the affected Material Project Document; or 

 

	 	(m)	 the Borrower fails to deposit Project Revenues received by the Borrower into the Revenue Account (as defined in
the Depositary Agreement) to the extent required by and otherwise in accordance with the Depositary Agreement (it being acknowledged that revenues of the Project being held in lock-box accounts or other
arrangements required under Energy Management Agreements shall not be deemed to be received by the Borrower until paid to the Borrower by the applicable energy manager). 

SECTION 10. REMEDIES 
 10.1
Acceleration. 
 (a) If an Event of Default with respect to any Obligor described in clauses (ii), (iii)
or (v) of Section 9(f) or Section 9(g) has occurred, then automatically the Commitments shall immediately terminate and the Loans (with accrued interest thereon) and all other Credit
Facility Obligations (including all amounts of Revolving L/C Obligations, whether or not the beneficiaries of the then outstanding Letters of Credit shall have presented the documents required thereunder) and FRN Obligations (which shall include the
entire unpaid principal amount of the Fixed Rate Notes, plus (x) all accrued and unpaid interest thereon and (y) the Make-Whole Amount) and all other amounts owing under this Agreement and the other Credit Documents shall immediately
become due and payable. 
 (b) With respect to the Credit Facility Obligations, if any other Event of Default has occurred and is continuing,
either or both of the following actions may be taken, subject in both cases to Section 11.1(g): (1) with the consent of the Required Lenders, the Administrative Agent may, or upon the request of the Required Lenders, the
Administrative Agent shall, by notice to the Borrower declare the Commitments to be terminated forthwith, whereupon the Commitments shall immediately terminate; and (2) with the consent of the Required Lenders, the Administrative Agent may, or
upon the request of the Required Lenders, the Administrative Agent shall, by notice to the Borrower, declare the Loans (with accrued interest thereon) and all other Credit Facility Obligations (including all amounts of Revolving L/C Obligations,
whether or not the beneficiaries of the then outstanding Letters of Credit shall have presented the documents required thereunder) to be due and payable forthwith, whereupon the same shall immediately become due and payable. 

(c) With respect to the FRN Obligations, (1) if any Event of Default specified in Section 9(a) has occurred and
is continuing, with the consent of FRN Holders holding more than 33.33% of the aggregate outstanding principal amount of the Fixed Rate Notes, the FRN Holders may, by notice to the Borrower, declare the Fixed Rate Notes (with accrued interest
thereon) and all other FRN Obligations (including the Make-Whole Amount) to be due and 

  
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payable forthwith, whereupon the same shall immediately become due and payable and (2) if any Event of Default other than under Section 10.1(a) or 10.1(c)(1) above has occurred and is
continuing, with the consent of FRN Holders holding more than 66.67% of the aggregate outstanding principal amount of the Fixed Rate Notes, the FRN Holders may, by notice to the Borrower, declare the Fixed Rate Notes (with accrued interest thereon)
and all other FRN Obligations (including the Make-Whole Amount) to be due and payable forthwith, whereupon the same shall immediately become due and payable. 

10.2 Cash Collateralization(d) . To the extent not already Cash Collateralized, upon any acceleration of Revolving L/C Obligations
pursuant to this Section 10.2, with respect to all applicable Letters of Credit with respect to which presentment for honor shall not have occurred at the time of such acceleration, the Borrower shall at such time deposit
in a cash collateral account opened by the Administrative Agent an amount equal to 102.5% of the aggregate then undrawn and unexpired amount of such Letters of Credit. Amounts held in such cash collateral account shall be applied by the
Administrative Agent to the payment of drafts drawn under such Letters of Credit, and the unused portion thereof after all such Letters of Credit shall have expired or been fully drawn upon, if any, shall be applied to repay other obligations of the
Borrower hereunder and under the other Credit Documents. After all such Letters of Credit shall have expired or been fully drawn upon, all Revolving L/C Unreimbursed Drawings shall have been satisfied and all other obligations of the Borrower
hereunder and under the other Credit Documents shall have been paid in full, the balance, if any, in such cash collateral account shall be returned to the Borrower (or such other Person as may be lawfully entitled thereto). Except as expressly
provided above in this Section 10.2, the Intercreditor Agreement or the Security Documents, presentment, demand, protest and all other notices of any kind from the Administrative Agent or the Financing Parties with respect
to a Default or Event of Default are hereby expressly waived by the Borrower. 
 10.3 Application of Proceeds(e) . Upon the
occurrence and during the continuance of any Event of Default, any proceeds received as a result of the exercise of any remedies by the Financing Parties shall be applied in accordance with the terms of the Depositary Agreement. 

SECTION 11. MISCELLANEOUS 
 11.1 Amendments
and Waivers. 
  

	 	(a)	 Required Financing Party Consent and Unanimous Consent. Subject to the provisions of this
Section 11.1, unless otherwise specified in this Agreement or another Credit Document, the Required Financing Parties and any Obligor that is party to the relevant Credit Document may enter into agreements, waivers or
supplements hereto or thereto for the purpose of adding, modifying or waiving any provisions of the Credit Documents or changing in any manner the rights of the Financing Parties, the Agents or any Obligor hereunder or thereunder or waiving any
Default or Event of Default; provided that no such agreement, waiver or supplement shall, without the consent of all of the Financing Parties: 

  

	 	(i)	 amend any provision of this Section 11.1; 

  
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	 	(ii)	 release all or a material portion of the Collateral from the Lien of any of the Security Documents;

  

	 	(iii)	 amend the definition of “Required Financing Parties”; 

 

	 	(iv)	 add, modify or waive Section 11.6 in any manner that would permit an assignment by
the Borrower of its rights or obligations under this Agreement except as expressly permitted hereunder; or 

  

	 	(v)	 amend, modify or waive Section 5.1, Section 5.2 or the conditions
precedent set forth therein. 

  

	 	(b)	 Affected Party Consent. Notwithstanding anything to the contrary herein, no agreement, waiver or
supplement hereto shall, without the prior written consent of the Borrower, Agent and each Financing Party adversely affected thereby, add, modify or waive any provision to the Credit Documents, or change in any manner the rights of any Financing
Party, Agent or any Obligor thereunder, so as to: 

  

	 	(i)	 change the order of priority of payments set forth in (A) Section 3.1(b) of the Depositary Agreement
or (B) amend the definitions of “Required Financing Parties”, “Required Secured Parties” or “Standstill Conditions” under the Intercreditor Agreement, any of the component definitions contained therein, or any
other provision thereof specifying the number or percentage of Secured Parties required to exercise remedies with respect to the Collateral, waive, amend or modify any rights under the Intercreditor Agreement or any Security Document or make any
determination or grant any consent under the Intercreditor Agreement or any Security Document, in each case without the prior written consent of each Agent or Financing Party adversely affected thereby; 

 

	 	(ii)	 amend, modify or waive any provision affecting the rights or duties of a Revolving Facility Issuing Bank
without the written consent of such Revolving Facility Issuing Bank; 

  

	 	(iii)	 amend, modify or otherwise affect the rights or duties of any Agent without the prior written consent of such
Agent; 

  

	 	(iv)	 waive the obligations of the Borrower to pay any Make-Whole Amount due without the consent of each FRN Holder
to whom such Make-Whole Amount is payable; 

  

	 	(v)	 amend any provision requiring the payment of any Make-Whole Amount without the consent of all of the FRN
Holders; 

  
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	 	(vi)	 cause any Obligations to cease to be secured on a pari passu basis with all other Obligations;

  

	 	(vii)	 add, modify or waive any provisions of the Credit Documents so as to subordinate the Obligations to any other
Indebtedness; 

  

	 	(viii)	 amend, modify or waive Section 3.3(e) hereof or Section 4.1 of the Intercreditor
Agreement; or 

  

	 	(ix)	 amend any provision of Section 11.7. 

provided that, for the avoidance of doubt, the consent of the Lenders, the Required Lenders, or any Lender Party shall not be required
to amend or modify Section 3.3(b), or (f), which the parties acknowledge and agree may be amended, modified, or waived by the Required FRN Holders and the Borrower, as applicable subject to Section 16.1(b) of
the Note Purchase Agreement. 
  

	 	(c)	 Required Lenders and Required FRN Holders. Notwithstanding anything to the contrary herein or in any
other Credit Document, no agreement, waiver or supplement hereto shall without the consent of the Borrower and, (i) (A) without the unanimous consent of the Lenders, amend the definition of “Lenders” or “Required Lenders” or
(B) without the unanimous consent of the FRN Holders, amend the definition of “FRN Holders” or “Required FRN Holders”, or any of the component definitions contained therein, or any other provision hereof specifying the
number or percentage of Lender Parties or FRN Holders, as applicable, required to waive, amend or modify any rights hereunder or make any determination or grant any consent hereunder or under any other Credit Document, (ii) without the consent
of the Required Lenders, (A) increase the aggregate principal amount of the Fixed Rate Notes, (B) increase the interest rate or Make-Whole Amount applicable to the Fixed Rate Notes from that in effect as of the Funding Date, or
(C) change the maturity date applicable to the Fixed Rates Notes to a date earlier than the maturity date applicable to the Fixed Rate Notes as of the Funding Date or (iii) without the consent of the Required FRN Holders, increase the
amount of the commitments under the Revolving Loan Facility above $70,000,000; provided that no consent of the Required FRN Holders shall be required to extend the maturity of the Revolving Facility or to obtain a replacement revolving credit
facility with an aggregate commitment thereunder of up to $70,000,000; provided, further, that any such increase or any commitment under a replacement revolving credit facility, in each case, in excess of the aggregate principal amount
of Revolving Commitments existing on the Closing Date shall be available solely for purposes of Letters of Credit. 

  
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	 	(d)	 Facility Agreements. Notwithstanding anything to the contrary set forth in this
Section 11.1, each of the Credit Agreement and the Note Purchase Agreement may be amended, modified or waived in accordance with the terms thereof, without the consent of the Required Financing Parties; provided that
no such amendment, modification or waiver may contravene the consent requirements set forth in the other subsections of this Section 11.1. 

 

	 	(e)	 Minor Defects. Notwithstanding the other provisions of this Section 11.1, the
applicable Obligors or Agents may (but shall have no obligation to) amend or supplement the Credit Documents without the consent of any other Secured Party for the purpose of (i) curing any ambiguity, defect or inconsistency or to correct any
typographical errors or other similar mistakes that do not modify the rights and obligations of the parties thereto, (ii) subject to Section 9.3 of the Intercreditor Agreement, (x) making any change that would provide any additional
rights or benefits to the Secured Parties or (y) making, completing or confirming any grant of Collateral permitted or required by this Agreement or any of the other Credit Documents or any release of any Collateral that is otherwise permitted
under the terms of this Agreement and the other Credit Documents (or, if not addressed therein, not prohibited) and (iii) making administrative or mechanical amendments to this Agreement or any of the other Credit Documents to provide for the
addition of obligations secured by the Collateral and the related secured parties and otherwise to effect the intent of Section 9.3(c) of the Intercreditor Agreement or the addition of any Obligor as permitted or required under the Credit
Documents so long as such amendments do not modify the rights and obligations of the parties thereto (other than, for the avoidance of doubt, as may result from having additional secured obligations benefiting from the Collateral and additional
secured parties voting as provided therein and having other rights of Secured Parties under the Credit Documents). The Intercreditor Agent agrees to deliver to the Financing Parties a copy of each amendment effected pursuant to this
Section 11.1(e). 

  

	 	(f)	 GAAP Changes. Notwithstanding anything to the contrary contained herein, if at any time any change in
GAAP would affect any computation, basket or defined term set forth in any Credit Document, and the Borrower shall at such time or thereafter so request, the Administrative Agent, the FRN Holders and the Borrower shall negotiate in good faith to
amend the relevant provisions of the Credit Documents to preserve the original intent thereof in light of such change in GAAP; provided that, until so amended, such computation, basket or defined term shall continue to be computed in
conformity with GAAP but without giving effect to such identified changes to GAAP. Any amendment pursuant to this paragraph shall not require the consent of any Secured Party other than the Administrative Agent and the FRN Holders.

  
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	 	(g)	 Affiliated Party Consent. To the extent that any Affiliated Financing Party or Affiliated Debt Fund
holds Loans, Commitments or Fixed Rate Notes, no such Affiliated Financing Party or Affiliated Debt Fund, in its capacity as Lender or FRN Holder, shall (i) have any voting or approval rights whatsoever under the Credit Documents (including for
purposes of any action requiring the approval of “Required Lenders”, “Required FRN Holders”, “Required Financing Parties”, “Required Secured Parties”, or pursuant to this
Section 11.1) other than with respect to those matters set forth in Section 11.1(b), to the extent such Affiliated Financing Party or Affiliated Debt Fund is a Lender or FRN Holder affected
thereby, (ii) be permitted to require any Agent or any other Secured Party to undertake any action (or refrain from taking any action) pursuant to or with respect to the Credit Documents, (iii) be permitted to, in its capacity as a Lender
or FRN Holder, attend any meeting or conference call with any other Financing Party or Agent or any Obligor, receive any information from any other Financing Party or Agent (other than the right to receive notices of borrowings, notices of
prepayments, and other administrative notices in respect of its Loans, Commitments or Fixed Rate Notes required to be delivered pursuant to the applicable Credit Documents) or an Obligor or have any rights of inspection or access relating to an
Obligor or (iv) be permitted to make or bring any claim, in its capacity as Lender or FRN Holder, against any other Financing Party or Agent with respect to the duties and obligations of such Person under the Credit Documents other than in the
case of a material breach by such Financing Party or Agent to such Affiliated Financing Party or Affiliated Debt Fund (except with respect to any such breaches applicable, to the Lenders or FRN Holders generally unless the other Lenders or FRN
Holders as applicable, have made or brought such claims). Notwithstanding anything to the contrary set forth herein, so long as no Event of Default shall have occurred and be continuing, each applicable Affiliated Financing Party or Affiliated Debt
Fund shall be entitled, in its respective sole discretion, to cancel or retire any Loans or Fixed Rate Notes held by any Affiliated Financing Party or Affiliated Debt Fund. 

11.2 Notices. All notices, requests and demands to or upon the respective parties hereto to be effective shall be in writing (including
by email), and, unless otherwise expressly provided herein, shall be deemed to have been duly given or made when delivered, or three Business Days after being deposited in the mail, postage prepaid, or, in the case of email, when received, addressed
as set forth in Schedule 11.2, or to such other address as may be hereafter notified by the respective parties hereto; provided that any notice, request or demand to or upon any Financing Party or Agent shall not be effective until
received. Each party hereto may, in its discretion, agree to accept notices and other communications to it hereunder by electronic communications pursuant to procedures approved by it; provided that approval of such procedures may be limited
to particular notices or communications; provided, further, that any information required to be delivered by the Borrower to any FRN Holder pursuant to Section 6.1(a), 6.1(b) or 6.2 (a) may be delivered
electronically by posting such information on DebtDomain, IntraLinks, Syndtrak or another similar electronic system that is maintained by or on behalf of the Borrower (the “Platform”), so long as each FRN Holder has been provided
access to the Platform. To the extent that the Borrower delivers (or causes to be delivered) any information that is required to be delivered pursuant to Section 6.1(a), 6.1(b) or 6.2(a) to the Administrative
Agent (for further distribution by the Administrative Agent to the Lender Parties) and (b) to the Platform, such delivery by or on behalf of the Borrower shall be sufficient for compliance by the Borrower with respect to the information so
delivered. 

  
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 11.3 No Waiver; Cumulative Remedies. No failure to exercise and no delay in
exercising, on the part of any Agent or any Financing Party, any right, remedy, power or privilege hereunder or under the other Credit Documents shall operate as a waiver thereof; nor shall any single or partial exercise of any right, remedy, power
or privilege hereunder preclude any other or further exercise thereof or the exercise of any other right, remedy, power or privilege. The rights, remedies, powers and privileges herein provided are cumulative and not exclusive of any rights,
remedies, powers and privileges provided by law. 
 11.4 Survival of Representations and Warranties. All representations and
warranties made hereunder, in the other Credit Documents and in any document, certificate or statement delivered pursuant hereto or in connection herewith shall survive the execution and delivery thereof and the making of the Loans, the issuance of
the Fixed Rate Notes and other extensions of credit thereunder. 
 11.5 Payment of Expenses and Taxes. The Borrower agrees
(a) to pay or reimburse each of the Administrative Agent, the Intercreditor Agent, the Collateral Agent, the Joint Coordinating Lead Arrangers and the FRN Holders for all its reasonable and documented out-of-pocket costs and expenses incurred in connection with the preparation, execution, delivery and administration of, and any amendment, supplement or modification to, this Agreement and the other Credit
Documents and any other documents prepared in connection herewith or therewith, and the syndication, consummation and administration of the transactions contemplated hereby and thereby, including (i) the reasonable fees and disbursements of
counsel to the Administrative Agent, the Intercreditor Agent and the Collateral Agent and filing and recording fees and expenses, with statements with respect to the foregoing to be submitted to the Borrower prior to the Funding Date (in the case of
amounts to be paid on the Funding Date) and from time to time thereafter on a quarterly basis or such other periodic basis as the Administrative Agent, the Intercreditor Agent or the Collateral Agent, as applicable, shall deem appropriate, in each
case where applicable, pursuant to and subject to the terms of the Fee Letters and (ii) the reasonable and documented fees and out of pocket costs and expenses of the Independent Engineer in connection with services rendered to the
Administrative Agent and each FRN Holder with respect to the administration of this Agreement and the other Credit Documents and any other documents prepared in connection herewith or therewith, (b) to pay or reimburse each Financing Party, the
Administrative Agent, the Intercreditor Agent and the Collateral Agent for all its out-of-pocket costs and expenses incurred in connection with the enforcement or
preservation of any rights under this Agreement, the other Credit Documents and any such other documents, including the reasonable fees and disbursements of counsel to each Financing Party, of counsel to the Administrative Agent, of counsel to the
Intercreditor Agent and of counsel to the Collateral Agent, (c) to pay, indemnify, and hold each Financing Party, the Administrative Agent, the Intercreditor Agent and the Collateral Agent harmless from, any and all recording and filing fees
and any and all liabilities with respect to, or resulting from any delay in paying, stamp, excise and other taxes, if any, that may be payable or determined to be payable in connection with the execution and delivery of, or consummation or
administration of any of the transactions 

  
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contemplated by, or any amendment, supplement or modification of, or any waiver or consent under or in respect of, this Agreement, the other Credit Documents and any such other documents, and
(d) to pay, indemnify and hold each Financing Party, the Administrative Agent, the Intercreditor Agent and the Collateral Agent and their respective officers, directors, employees, affiliates, advisors, trustees, agents and controlling persons
(each, an “Indemnitee”) harmless from and against any and all other liabilities, obligations, losses, damages, penalties, actions, judgments, suits, costs or expenses of any kind or nature whatsoever (other than any taxes except for
such taxes and any penalties, interest and expenses arising therefrom or with respect thereto required to be paid by the Borrower under the applicable Credit Documents) with respect to the execution, delivery, enforcement and performance of this
Agreement, the other Credit Documents and any such other documents, including any of the foregoing relating to the use of proceeds of the Loans or the Fixed Rate Notes or the violation of, noncompliance with or liability under, any Environmental Law
applicable to the operations of the Borrower or any of the Properties and the reasonable fees and expenses of legal counsel in connection with claims, actions or proceedings by any Indemnitee against any Obligor under any Credit Document (all the
foregoing in this clause (d), collectively, the “Indemnified Liabilities”); provided that the Borrower shall have no obligation hereunder to any Indemnitee with respect to Indemnified Liabilities to the extent such
Indemnified Liabilities are found by a final and non-appealable decision of a court of competent jurisdiction to have resulted from the gross negligence or willful misconduct of such Indemnitee. Without
limiting the foregoing, and to the extent permitted by applicable law, the Borrower agrees not to assert and hereby waives all rights for contribution or any other rights of recovery with respect to all claims, demands, penalties, fines,
liabilities, settlements, damages, costs and expenses of whatever kind or nature, under or related to Environmental Laws, that any of them might have by statute or otherwise against any Indemnitee. All amounts due under this
Section 11.5 shall be payable not later than 10 days after written demand therefor. Statements payable by the Borrower pursuant to this Section 11.5 shall be submitted to General Counsel, at the
address of the Borrower set forth in Schedule 11.2, or to such other Person or address as may be hereafter designated by the Borrower in a written notice to the Administrative Agent, the Intercreditor Agent, the Collateral
Agent and each FRN Holder. The agreements in this Section 11.5 shall survive the termination of this Agreement and the repayment of the Obligations. 

11.6 Successors and Assigns; Participations and Assignments. 
  

	 	(a)	 The provisions of this Agreement shall be binding upon and inure to the benefit of the parties hereto and their
respective successors and assigns permitted hereby, except that the Borrower may not assign or otherwise transfer any of its rights or obligations hereunder without the prior written consent of each Financing Party (and any attempted assignment or
transfer by the Borrower without such consent shall be null and void). 

  

	 	(b)	 Each Financing Party may assign or transfer its rights or obligations under this Agreement in accordance with
the terms of the Credit Agreement and the Note Purchase Agreement, as applicable; provided that, concurrently with the consummation of any such assignment, the relevant assignee shall execute a Joinder pursuant to which it will become party
to this Agreement and the other Credit Documents. 

  
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Aspen Bath – Common Terms Agreement 

	 	(c)	 Any Financing Party shall, promptly after any assignment of its rights and obligations hereunder, notify the
Borrower and each other Financing Party thereof; provided that the assignment shall be effective regardless of whether such notice is provided. 

11.7 Adjustments; Set-off. 

 

	 	(a)	 Except to the extent that this Agreement, any other Credit Document or a court order expressly provides for
payments to be allocated to a particular Financing Party or to the Financing Parties, if any Financing Party (a “Benefited Financing Party”) shall receive any payment of all or part of the Obligations owing to it (other than in
connection with an assignment or participation made pursuant to the Credit Documents), or receive any collateral in respect thereof (whether voluntarily or involuntarily, by set-off, pursuant to events or
proceedings of the nature referred to in Section 9(f) or (g), or otherwise), in a greater proportion than any such payment to or collateral received by any other Financing Party, if any, in respect of the Obligations owing
to such other Financing Party, such Benefited Financing Party shall purchase for cash from the other Financing Parties a participating interest in such portion of the Obligations owing to each such other Financing Party, or shall provide such other
Financing Parties with the benefits of any such collateral, as shall be necessary to cause such Benefited Financing Party to share the excess payment or benefits of such collateral ratably with each of the Financing Parties; provided that if
all or any portion of such excess payment or benefits is thereafter recovered from such Benefited Financing Party, such purchase shall be rescinded, and the purchase price and benefits returned, to the extent of such recovery, but without interest.
This Section 11.7(a) shall survive the termination of this Agreement. 

  

	 	(b)	 In addition to any rights and remedies of the Financing Parties provided by applicable law, each Financing
Party shall have the right, without notice to the Borrower, any such notice being expressly waived by the Borrower to the extent permitted by applicable law, upon any Obligations becoming due and payable and not paid by the Borrower (whether at the
stated maturity, by acceleration or otherwise), to apply to the payment of such Obligations, by setoff or otherwise, any and all deposits (general or special, time or demand, provisional or final), in any currency, and any other credits,
indebtedness or claims, in any currency, in each case whether direct or indirect, absolute or contingent, matured or unmatured, at any time held or owing by such Financing Party, any affiliate thereof or any of their respective branches or agencies
to or for the credit or the account of the Borrower. Each Financing Party agrees promptly to notify the Intercreditor Agent and the Borrower after any such application made by such Financing Party; provided that the failure to give such
notice shall not affect the validity of such application. 

  
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Aspen Bath – Common Terms Agreement 

	 	(c)	 The rights of each Lender Party and its respective Affiliates under this Section 11.7
are in addition to other rights and remedies (including other rights of set-off) that such Lender Party or its respective Affiliates may have. 

11.8 Counterparts. This Agreement may be executed by one or more of the parties to this Agreement on any number of separate
counterparts, and all of said counterparts taken together shall be deemed to constitute one and the same instrument. Delivery of an executed signature page of this Agreement by email or facsimile transmission shall be effective as delivery of a
manually executed counterpart hereof. A set of the copies of this Agreement signed by all the parties shall be lodged with the Borrower and the Collateral Agent. 

11.9 Severability. Any provision of this Agreement that is prohibited or unenforceable in any jurisdiction shall, as to such
jurisdiction, be ineffective to the extent of such prohibition or unenforceability without invalidating the remaining provisions hereof, and any such prohibition or unenforceability in any jurisdiction shall not invalidate or render unenforceable
such provision in any other jurisdiction. 
 11.10 Integration. This Agreement and the other Credit Documents represent the entire
agreement of the Borrower, the Financing Parties and the Agents with respect to the subject matter hereof and thereof, and there are no promises, undertakings, representations or warranties by the Financing Parties and the Agents relative to the
subject matter hereof or thereof not expressly set forth or referred to herein or in the other Credit Documents. 
 11.11 GOVERNING
LAW. THIS AGREEMENT AND THE RIGHTS AND OBLIGATIONS OF THE PARTIES UNDER THIS AGREEMENT AND ANY DISPUTE OF CLAIMS ARISING IN CONNECTION THEREWITH SHALL BE GOVERNED BY, AND CONSTRUED AND INTERPRETED IN ACCORDANCE WITH, THE LAW OF THE STATE OF NEW
YORK. 
 11.12 Submission To Jurisdiction; Waivers. Each of the parties hereto hereby irrevocably and unconditionally: 

 

	 	(a)	 submits for itself and its property in any legal action or proceeding relating to this Agreement and the other
Credit Documents (other than the Mortgages) to which it is a party, or for recognition and enforcement of any judgment in respect thereof, to the exclusive general jurisdiction of the courts of the State of New York and the courts of the United
States for the Southern District of New York, in each case residing in the County of New York, and appellate courts from any thereof; 

  

	 	(b)	 consents that any such action or proceeding may be brought in such courts and waives any objection that it may
now or hereafter have to the venue of any such action or proceeding in any such court or that such action or proceeding was brought in an inconvenient court and agrees not to plead or claim the same; 

  
 78 

Aspen Bath – Common Terms Agreement 

	 	(c)	 agrees that service of process in any such action or proceeding may be effected by mailing a copy thereof by
registered or certified mail (or any substantially similar form of mail), postage prepaid to such party at its address set forth in Schedule 11.2 or at such other address of which the other parties shall have been notified pursuant thereto;

  

	 	(d)	 agrees that nothing herein shall affect the right to effect service of process in any other manner permitted by
law or shall limit the right of the Agents and the Financing Parties to sue in any other jurisdiction in connection with the exercise of any rights under any Security Document or the enforcement of any judgment; and 

 

	 	(e)	 waives, to the maximum extent not prohibited by law, any right it may have to claim or recover in any legal
action or proceeding referred to in this Section 11.12 any special, exemplary, punitive or consequential damages. 

11.13 Acknowledgements. Each of Holdings and the Borrower hereby acknowledges that: 

 

	 	(a)	 it has been advised by counsel in the negotiation, execution and delivery of this Agreement and the other
Credit Documents; 

  

	 	(b)	 neither any Agent nor any Financing Party has any fiduciary relationship with or duty to Holdings or the
Borrower arising out of or in connection with this Agreement or any of the other Credit Documents, and the relationship between the Agent and the Financing Parties, on one hand, and Holdings or the Borrower, on the other hand, in connection herewith
or therewith is solely that of debtor and creditor; and 

  

	 	(c)	 no joint venture is created hereby or by the other Credit Documents or otherwise exists by virtue of the
transactions contemplated hereby or thereby among the Financing Parties or among Holdings, the Borrower, and the Financing Parties. 

11.14 Confidentiality. 
  

	 	(a)	 Each of the Agents and each Financing Party agrees to keep confidential all Confidential Information. For the
purposes of this Section 11.14, “Confidential Information” means information delivered to the Agents or any Financing Party by or on behalf of the Borrower in connection with the transactions contemplated
by or otherwise pursuant to this Agreement or any other Credit Document that is proprietary in nature and that was clearly marked or labeled or otherwise adequately identified when received by such Financing Party as being confidential information
of the Borrower, provided that such term does not include information that (i) was publicly known or otherwise known to such Financing Party prior to the time of such disclosure, (ii) subsequently becomes publicly known

  
 79 

Aspen Bath – Common Terms Agreement 

	 	
through no act or omission by such Financing Party or any Person acting on such Financing Party’s behalf, (iii) otherwise becomes known to such Financing Party other than through
disclosure by or on behalf of the Borrower or (iv) constitutes financial statements delivered to such Financing Party under Section 5.1 or Section 6.1 hereof that are otherwise publicly
available. 

  

	 	(b)	 Each Financing Party will maintain the confidentiality of such Confidential Information in accordance with
procedures adopted by such Financing Party in good faith to protect confidential information of third parties delivered to such Financing Party, provided that such Financing Party may deliver or disclose Confidential Information to
(i) its or its affiliates’ directors, officers, employees, agents, attorneys, trustees and affiliates (to the extent such disclosure reasonably relates to the administration of the investment pursuant to the Credit Documents), (ii) its
auditors (on a confidential basis), and its financial advisors and other professional advisors who agree to hold confidential the Confidential Information substantially in accordance with the terms of this Section 11.14,
(iii) any Agent or any other Financing Party, (iv) any prospective or actual Transferee, any FRN Holder to which it sells or offers to sell a Fixed Rate Note or any part thereof or any participation therein, any direct or indirect counterparty
(or its Related Parties) to any Swap Agreement, or any professional advisor to the above parties (if such Person has agreed in writing prior to its receipt of such Confidential Information to be bound by the provisions of this
Section 11.14), (v) any Person from which it offers to purchase any Security of the Borrower (if such Person has agreed in writing prior to its receipt of such Confidential Information to be bound by the provisions of this
Section 11.14), (vi) upon the request or demand of any Governmental Authority, including any federal or state regulatory authority having jurisdiction over such Financing Party, (vii) in response to any order of any
court or other Governmental Authority or as may otherwise be required pursuant to any Applicable Law, (viii) the NAIC or the SVO or, in each case, any similar organization, or any nationally recognized rating agency that requires access to
information about such Financing Party’s investment portfolio, (ix) subject to an agreement to be bound by the provisions of this Section 11.14, to any credit insurance provider relating to any Obligor or the
Secured Obligations, or (x) any other Person to which such delivery or disclosure may be necessary or appropriate (A) to effect compliance with any law, rule, regulation or order applicable to such Financing Party, (B) in response to
any subpoena or other legal process, (C) in connection with any litigation or similar proceeding to which such Financing Party is a party, (D) if an Event of Default has occurred and is continuing, to the extent such Financing Party may
reasonably determine such delivery and disclosure to be necessary or appropriate in the enforcement or for the protection of the rights and remedies under such Financing Party’s Loans or Fixed Rate Notes, as applicable, and the other Credit
Documents or (E) if agreed by the Borrower or Holdings in its sole discretion. 

  
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Aspen Bath – Common Terms Agreement 

	 	(c)	 Each Financing Party and each Agent acknowledges that information furnished to it pursuant to this Agreement or
the other Credit Documents may include Confidential Information concerning the Borrower and its Affiliates and their Related Parties or their respective securities, and confirms that it has developed compliance procedures regarding the use of
Confidential Information and that it will handle such Confidential Information in accordance with those procedures and applicable law, including federal and state securities laws. 

 

	 	(d)	 In the event that as a condition to receiving access to information relating to the Borrower or its Affiliates
in connection with the transactions contemplated by or otherwise pursuant to this Agreement, any Financing Party or Agent is required to agree to a confidentiality undertaking (whether through IntraLinks or otherwise) which is different from the
terms of this Section 11.14, the terms of this Section 11.14 shall, as between such Financing Party or such Agent and the Borrower and other Obligors, supersede the terms of any such other
confidentiality undertaking. 

 11.15 WAIVERS OF JURY TRIAL. EACH PARTY HERETO HEREBY IRREVOCABLY AND
UNCONDITIONALLY WAIVES TRIAL BY JURY IN ANY LEGAL ACTION OR PROCEEDING RELATING TO THIS AGREEMENT OR ANY OTHER CREDIT DOCUMENT AND FOR ANY COUNTERCLAIM THEREIN. 

11.16 USA Patriot Act. Each of the Agents and each Financing Party hereby notifies the Borrower that, pursuant to the requirements of
the USA Patriot Act, Title III of Pub. L. 107-56 (signed into law on October 26, 2001) (the “Patriot Act”), it is required to obtain, verify and record information that identifies the
Borrower and each other Obligor, which information includes names and addresses and other information that will allow such Agent or Financing Party to identify the Borrower and each other Obligor in accordance with the Patriot Act. The Borrower
shall, promptly following a request by any Agent or Financing Party, provide all documentation and other information that the relevant Agent or Financing Party reasonably requests in order to comply with its ongoing obligations under applicable
“know your customer” an anti-money laundering rules and regulations, including the Patriot Act. 
 11.17 Scope of
Liability. 
  

	 	(a)	 Except as set forth in this Section 11.17, notwithstanding anything to the contrary
in this Agreement, any other Credit Document or any other document, certificate or instrument executed by any Obligor pursuant hereto or thereto, none of the Secured Parties shall have any claims with respect to the transactions contemplated
hereunder or thereunder against the Sponsor its members or any of its or their respective Affiliates (other than the Borrower and, solely to the extent of the interests of Holdings in

  
 81 

Aspen Bath – Common Terms Agreement 

	 	
the Collateral, Holdings), any present or future holder (whether direct or indirect) of any Equity Interest in any Obligor (other than any such Equity Interest owned by another Obligor), or, in
the case of any of their respective Affiliates (other than the Obligors), shareholders, officers, directors, employees, representatives, controlling persons, executives or agents (collectively, the
“Non-Recourse Persons”), such claims against such Non-Recourse Persons (including as may arise by operation of law) being expressly waived hereby;
provided that the foregoing provision of this Section 11.17 shall not (i) constitute a waiver, release or discharge (or otherwise impair the enforceability) of any of the Obligations, or of any of the terms,
covenants, conditions, or provisions of this Agreement or any other Credit Document and the same shall continue (subject to clause (iv) below, but without personal liability of the Non-Recourse
Persons) until fully paid, discharged, observed, or performed; (ii) constitute a waiver, release or discharge of any lien or security interest purported to be created pursuant to the Security Documents (or otherwise impair the ability of any
Secured Party to realize or foreclose upon any Collateral); (iii) limit or restrict the right of any Secured Party (or any assignee, beneficiary or successor to any of them) to name any Obligor or any other person as a defendant in any action or
suit for a judicial foreclosure or for the exercise of any other remedy under or with respect to this Agreement or any other Credit Document, or for injunction or specific performance, so long as no judgment in the nature of a deficiency judgment
shall be enforced against any Non-Recourse Person, except as set forth in other provisions of this Section 11.17; (iv) in any way limit or restrict any right or remedy of any Secured
Party (or any assignee or beneficiary thereof or successor thereto) with respect to, and each of the Non-Recourse Persons shall remain fully liable to the extent that it would otherwise be liable for its own
actions with respect to, any actual fraud (which shall not include innocent or negligent misrepresentation), willful misrepresentation, fraudulent conveyance or misappropriation of revenues, profits or proceeds from or of any Project or any
Collateral, that should or would have been paid as provided herein or paid or delivered any Secured Party (or any assignee or beneficiary thereof or successor thereto) towards any payment required under this Agreement or any other Credit Document;
or (v) affect or diminish in any way or constitute a waiver, release or discharge of any obligation, covenant, or agreement made by any of the Non-Recourse Persons (or any security granted by the Non-Recourse Persons in support of the obligations of any person) under or in connection with any Credit Document (or as security for the Obligations). 

 

	 	(b)	 The limitations on recourse set forth in this Section 11.17 shall survive the
termination of this Agreement, the termination of all Commitments and the full payment and performance of the Obligations hereunder and under the other Credit Documents. 

  
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Aspen Bath – Common Terms Agreement 

 11.18 Joint Coordinating Lead Arrangers. The Joint Coordinating Lead Arrangers shall
not have any duties or responsibilities hereunder or any other Credit Document in their respective capacities as such. 
 11.19
Acknowledgment and Consent to Bail-In of EEA Financial Institutions. Notwithstanding anything to the contrary in any Credit Document or in any other agreement, arrangement or understanding among any
such parties, each party hereto acknowledges that any liability of any EEA Financial Institution arising under any Credit Document, to the extent such liability is unsecured, may be subject to the Write-Down and Conversion Powers of an EEA
Resolution Authority and agrees and consents to, and acknowledges and agrees to be bound by: 
  

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

  

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

  

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

 

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

  

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

 [Remainder of page intentionally left blank] 

  
 83 

Aspen Bath – Common Terms Agreement 

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

			
	BATH COUNTY ENERGY, LLC,
	as Borrower
		
	By:	 	 /s/ Richard Roloff

		 	Name: Richard Roloff
		 	Title:   Senior Vice President

 [Signature Page to Aspen Bath Common Terms Agreement] 

 
			
	MORGAN STANLEY SENIOR FUNDING, INC.,
	as Administrative Agent
		
	By:	 	 /s/ Andre La Brie

		 	Name: Andre La Brie
		 	Title:   Authorized Signatory

 [Signature Page to Aspen Bath Common Terms Agreement] 

 
			
	MORGAN STANLEY BANK, N.A.,
	as Lender and Revolving Facility Issuing Bank
		
	By:	 	 /s/ Andre La Brie

		 	Name: Andre La Brie
		 	Title:   Authorized Signatory

 [Signature Page to Aspen Bath Common Terms Agreement] 

 
			
	BNP PARIBAS,
	as Lender
		
	By:	 	 /s/ Ravina Advani

		 	Name: Ravina Advani
		 	Title:   Managing Director
		
	By:	 	 /s/ Matthew Mulligan

		 	Name: Matthew Mulligan
		 	Title:   Vice President

 [Signature Page to Aspen Bath Common Terms Agreement] 

 
			
	CITIBANK, N.A.,
	as Lender
		
	By:	 	 /s/ Frederick Campbell

		 	Name: Frederick Campbell
		 	Title:   Vice President

 [Signature Page to Aspen Bath Common Terms Agreement] 

 
			
	ALLIANZ LIFE INSURANCE COMPANY OF NORTH AMERICA
	By:	 	Allianz Global Investors U.S. LLC
		 	As the authorized signatory and investment manager
	as FRN Purchaser
		
	By:	 	 /s/ Charles J. Dudley

		 	Name: Charles J. Dudley
		 	Title:   Managing Director

 [Signature Page to Aspen Bath Common Terms Agreement] 

 
			
	GENWORTH LIFE INSURANCE COMPANY,
	as FRN Purchaser
		
	By:	 	 /s/ Stuart Shepetin

		 	Name: Stuart Shepetin
		 	Title:   Investment Officer
	
	GENWORTH LIFE AND ANNUITY INSURANCE COMPANY,
	as FRN Purchaser
		
	By:	 	 /s/ Stuart Shepetin

		 	Name: Stuart Shepetin
		 	Title:   Investment Officer

 [Signature Page to Aspen Bath Common Terms Agreement] 

 
			
	NATIONWIDE LIFE INSURANCE COMPANY,
	as FRN Purchaser
	
	NATIONWIDE LIFE AND ANNUITY INSURANCE COMPANY,
	as FRN Purchaser
		
	By:	 	 /s/ Jason M. Comisar

		 	Name: Jason M. Comisar
		 	Title:   Authorized Signatory

 [Signature Page to Aspen Bath Common Terms Agreement] 

 
			
	PACIFIC LIFE INSURANCE COMPANY,
	as FRN Purchaser
		
	By:	 	 /s/ Matthew A. Levene

		 	Name: Matthew A. Levene
		 	Title:   Assistant Vice President
		
	By:	 	 /s/ Peter S. Fiek

		 	Name: Peter S. Fiek
		 	Title:   Assistant Secretary

 [Signature Page to Aspen Bath Common Terms Agreement] 

 
			
	TRANSAMERICA FINANCIAL LIFE INSURANCE COMPANY, by AEGON USA Investment Management, LLC, its investment manager
	as FRN Purchaser
		
	By:	 	 /s/ Frederick B. Howard

		 	Name: Frederick B. Howard
		 	Title:   Vice President
	
	TRANSAMERICA LIFE INSURANCE COMPANY, by AEGON USA Investment Management, LLC, its investment manager
	as FRN Purchaser
		
	By:	 	 /s/ Frederick B. Howard

		 	Name: Frederick B. Howard
		 	Title:   Vice President
	
	TLIC IRONWOOD RE CORP, by AEGON USA Investment Management, LLC, its investment manager
	as FRN Purchaser
		
	By:	 	 /s/ Frederick B. Howard

		 	Name: Frederick B. Howard
		 	Title:   Vice President

 [Signature Page to Aspen Bath Common Terms Agreement] 

 
			
	AMERICAN FIDELITY ASSURANCE COMPANY
	INVESTMENT MASTER TRUST OF EXELIS INC.,
	as FRN Purchasers
	By:	 	Voya Investment Management Co. LLC, as Agent
		
	By:	 	 /s/ Fitzhugh L. Wickham III

		 	Name: Fitzhugh L. Wickham III
		 	Title:   Vice President

 [Signature Page to Aspen Bath Common Terms Agreement] 

 
			
	VOYA INSURANCE AND ANNUITY COMPANY
	VOYA RETIREMENT INSURANCE AND ANNUITY COMPANY
	SECURITY LIFE OF DENVER INSURANCE COMPANY
	RELIASTAR LIFE INSURANCE COMPANY
	RELIASTAR LIFE INSURANCE COMPANY OF NEW YORK
	as FRN Purchasers
	By:	 	Voya Investment Management Co. LLC, as Agent
		
	By:	 	 /s/ Fitzhugh L. Wickham III

		 	Name: Fitzhugh L. Wickham III
		 	Title:   Vice President

 [Signature Page to Aspen Bath Common Terms Agreement] 

 
			
	TEACHERS INSURANCE AND ANNUITY ASSOCIATION OF AMERICA,
	as FRN Purchaser
		
	By:	 	 /s/ Joseph R. Cantey Jr.

		 	Name: Joseph R. Cantey Jr.
		 	Title:   Senior Director

 [Signature Page to Aspen Bath Common Terms Agreement] 

 
			
	AMERICAN GENERAL LIFE INSURANCE COMPANY
	THE VARIABLE ANNUITY LIFE INSURANCE COMPANY,
	By:	 	AIG Asset Management (U.S.), LLC, as Investment Adviser
	as FRN Purchaser
		
	By:	 	 /s/ John Pollock

		 	Name: John Pollock
		 	Title:   Managing Director

 [Signature Page to Aspen Bath Common Terms Agreement]EX-10.3

 Exhibit 10.3 
  

 
  

CONTRIBUTION AGREEMENT 

BY AND AMONG 

BOLT ENERGY INVESTMENT HOLDINGS, LLC 

REV RENEWABLES BOLT AIV HOLDINGS, LLC 

REV RENEWABLES FUND III HOLDINGS, LLC 

REV RENEWABLES FUND IV AIV HOLDINGS, LLC 

REV GEN IV HOLDINGS, LLC 

AND 

REV RENEWABLES, LLC 

JULY 1, 2021 
  

 
  

 TABLE OF CONTENTS 

 

							
	ARTICLE I	  

	DEFINITIONS; REFERENCES; CONSTRUCTION	  

			
	 1.1
	 	DEFINITIONS	  	 	3	 
	 1.2
	 	REFERENCES	  	 	3	 
	 1.3
	 	CONSTRUCTION	  	 	4	 
	
	ARTICLE II	  

	CONTRIBUTIONS; ISSUANCE OF REV UNITS	  

			
	 2.1
	 	CONTRIBUTIONS; ISSUANCE OF REV UNITS TO THE CONTRIBUTORS	  	 	4	 
	 2.2
	 	CLOSING	  	 	5	 
	 2.3
	 	DELIVERIES	  	 	5	 
	 2.4
	 	MODIFICATIONS TO CONTRIBUTOR EQUITY VALUE	  	 	10	 
	 2.5
	 	DEVELOPMENT PROJECT EXPENSES	  	 	10	 
	 2.6
	 	FUND III RETAINED ASSETS	  	 	10	 
	
	ARTICLE III	  

	REPRESENTATIONS AND WARRANTIES OF THE CONTRIBUTORS	
 

			
	 3.1
	 	ORGANIZATION; QUALIFICATION	  	 	11	 
	 3.2
	 	AUTHORITY; NO CONFLICTS; CONSENTS	  	 	11	 
	 3.3
	 	OWNERSHIP; CAPITALIZATION	  	 	12	 
	 3.4
	 	FINANCIAL AND OTHER MATTERS	  	 	12	 
	 3.5
	 	CONDUCT OF BUSINESS; ABSENCE OF CERTAIN CHANGES, EVENTS AND
CONDITIONS	  	 	13	 
	 3.6
	 	LEGAL PROCEEDINGS	  	 	13	 
	 3.7
	 	PRINCIPAL FACILITY DOCUMENTS	  	 	13	 
	 3.8
	 	BENEFIT PLANS AND EMPLOYEE MATTERS	  	 	13	 
	 3.9
	 	COMPLIANCE WITH LAWS; PERMITS; ENVIRONMENTAL MATTERS	  	 	13	 
	 3.10
	 	INSURANCE	  	 	14	 
	 3.11
	 	TAXES	  	 	14	 
	 3.12
	 	UNREGISTERED SECURITIES	  	 	15	 
	 3.13
	 	INTELLECTUAL PROPERTY, PRIVACY, AND INFORMATION TECHNOLOGY	  	 	15	 
	 3.14
	 	REGULATORY MATTERS	  	 	15	 
	 3.15
	 	AFFILIATE TRANSACTIONS	  	 	15	 
	
	ARTICLE IV	  

	REPRESENTATIONS AND WARRANTIES OF REV	  

			
	 4.1
	 	ORGANIZATION; QUALIFICATION	  	 	16	 
	 4.2
	 	AUTHORITY; NO CONFLICTS; CONSENTS	  	 	16	 
	 4.3
	 	OWNERSHIP; CAPITALIZATION	  	 	16	 
	 4.4
	 	NO ASSETS, LIABILITIES OR OPERATIONS	  	 	17	 
	 4.5
	 	TAXES	  	 	17	 

  
 (i) 

							
	ARTICLE V	  

	COVENANTS AND OTHER AGREEMENTS	  

			
	 5.1
	 	CONFIDENTIAL INFORMATION	  	 	18	 
	 5.2
	 	PUBLIC ANNOUNCEMENTS	  	 	18	 
	 5.3
	 	FURTHER ASSURANCES	  	 	18	 
	 5.4
	 	MUTUAL RELEASES	  	 	19	 
	 5.5
	 	TAX MATTERS	  	 	19	 
	 5.6
	 	OFFICERS’ AND DIRECTORS’ INDEMNIFICATION	  	 	20	 
	 5.7
	 	OFFERS OF EMPLOYMENT	  	 	21	 
	 5.8
	 	CREDIT SUPPORT	  	 	21	 
	
	ARTICLE VI	  

	GENERAL	  

	 6.1
	 	NON-SURVIVAL	  	 	22	 
	 6.2
	 	NOTICES	  	 	22	 
	 6.3
	 	GOVERNING LAW; ENFORCEMENT	  	 	23	 
	 6.4
	 	SPECIFIC PERFORMANCE	  	 	23	 
	 6.5
	 	JURISDICTION	  	 	23	 
	 6.6
	 	WAIVER OF TRIAL BY JURY	  	 	24	 
	 6.7
	 	WAIVER; REMEDIES CUMULATIVE	  	 	24	 
	 6.8
	 	ENTIRE AGREEMENT; MODIFICATION	  	 	24	 
	 6.9
	 	ASSIGNMENT AND SUCCESSORS; NO THIRD PARTY RIGHTS	  	 	24	 
	 6.10
	 	SEVERABILITY	  	 	25	 
	 6.11
	 	DELIVERY BY ELECTRONIC MAIL	  	 	25	 
	 6.12
	 	COUNTERPARTS	  	 	25	 
	 6.13
	 	TRANSACTION EXPENSES	  	 	25	 
	 6.14
	 	CAPTIONS	  	 	25	 
	 6.15
	 	WAIVER OF CONFLICTS	  	 	25	 

  

			
	EXHIBITS	  	
		
	Exhibit A	  	Definitions
	Exhibit B	  	Form of A&R Rev LLC Agreement
	Exhibit C	  	Form of Rev Subsidiary Contribution Agreement
	Exhibit D	  	Form of Bolt AIV Instrument of Contribution and Issuance
	Exhibit E	  	Form of Bolt Energy Assignment Agreement
	Exhibit F	  	Form of Fund III Assignment Agreement
	Exhibit G	  	Form of Fund IV Assignment Agreement
	Exhibit H	  	Form of Gen IV Assignment Agreement
		
	ANNEXES	  	
		
	Annex I	  	Equity Value Model

  
 (ii) 

			
	SCHEDULES	  	
		
	Schedule 1.1(a)	  	Contributor Subsidiaries
	Schedule 1.1(b)	  	Permitted Liens
	Schedule 3.2	  	Consents
	Schedule 3.6(a)	  	Legal Proceedings
	Schedule 3.8	  	Employee Matters
	Schedule 4.2(c)	  	Authority; No Conflicts; Consents
	Schedule 5.7	  	Management Employees

  
 (iii) 

 GLOSSARY OF DEFINED TERMS

 The location of the definition of each capitalized term used herein is set forth in this Glossary: 

 

					
	 A&R Rev LLC Agreement
	  	 	2	 
	 Affiliate
	  	 	A-1	 
	 Agreement
	  	 	1	 
	 Board
	  	 	A-1	 
	 Bolt AIV
	  	 	1	 
	 Bolt AIV Cash Contribution Amount
	  	 	1	 
	 Bolt AIV Instrument of Contribution and Issuance
	  	 	A-1	 
	 Bolt AIV Rev Units
	  	 	1	 
	 Bolt Energy
	  	 	1	 
	 Bolt Energy Assignment Agreement
	  	 	A-1	 
	 Bolt Energy Cash Contribution Amount
	  	 	1	 
	 Bolt Energy Contributed Assets
	  	 	1	 
	 Bolt Energy Contributed Interests
	  	 	1	 
	 Bolt Energy Contributor Subsidiary
	  	 	A-1	 
	 Bolt Energy Investment
	  	 	1	 
	 Bolt Energy Management
	  	 	1	 
	 Bolt Energy Rev Units
	  	 	1	 
	 Business Day
	  	 	A-1	 
	 Casualty Event
	  	 	10	 
	 Closing
	  	 	5	 
	 Closing Date
	  	 	5	 
	 Code
	  	 	A-1	 
	 Confidential Information
	  	 	A-1	 
	 Consent
	  	 	A-1	 
	 Continuing Credit Support
	  	 	A-2	 
	 Contract
	  	 	A-2	 
	 Contributed Entities
	  	 	2	 
	 Contributed Entity
	  	 	2	 
	 Contribution Date
	  	 	A-2	 
	 Contributor
	  	 	1	 
	 Contributor Assignment Agreements
	  	 	A-2	 
	 Contributor Subsidiary
	  	 	A-2	 
	 Contributor Subsidiary Accrued Income Taxes
	  	 	A-2	 
	 Contributor Subsidiary Income Tax Return
	  	 	20	 
	 Contributor Subsidiary Indebtedness
	  	 	A-2	 
	 Contributors
	  	 	1	 
	 Credit Support
	  	 	A-3	 
	 D&O Indemnified Parties
	  	 	20	 

					
	 Development Project Expenses
	  	 	A-3	 
	 Employee Benefit Plan
	  	 	A-3	 
	 Environmental Claim
	  	 	A-4	 
	 Environmental Laws
	  	 	A-4	 
	 Environmental Permit
	  	 	A-4	 
	 Equity Value Model
	  	 	A-4	 
	 ERISA
	  	 	A-4	 
	 Facility
	  	 	A-4	 
	 Facility Assets
	  	 	A-4	 
	 Formation Date
	  	 	1	 
	 Fraud
	  	 	A-5	 
	 Fund III
	  	 	1	 
	 Fund III Assignment Agreement
	  	 	A-5	 
	 Fund III Contributed Interests
	  	 	2	 
	 Fund III Contributor Subsidiary
	  	 	A-5	 
	 Fund III Investment
	  	 	2	 
	 Fund III Retained Assets
	  	 	A-5	 
	 Fund III Rev Units
	  	 	2	 
	 Fund IV
	  	 	1	 
	 Fund IV Assignment Agreement
	  	 	A-5	 
	 Fund IV Cash Contribution Amount
	  	 	2	 
	 Fund IV Contributed Assets
	  	 	2	 
	 Fund IV Contributed Interests
	  	 	2	 
	 Fund IV Contributor Subsidiary
	  	 	A-6	 
	 Fund IV Investment
	  	 	2	 
	 Fund IV Rev Units
	  	 	2	 
	 GAAP
	  	 	A-6	 
	 Gen IV
	  	 	1	 
	 Gen IV Assignment Agreement
	  	 	A-6	 
	 Gen IV Contributed Interests
	  	 	2	 
	 Gen IV Contributor Subsidiary
	  	 	A-6	 
	 Gen IV Investments
	  	 	2	 
	 Gen IV Rev Units
	  	 	2	 
	 Governing Documents
	  	 	A-6	 
	 Governmental Entity
	  	 	A-6	 
	 Hazardous Material
	  	 	A-6	 
	 Income Tax
	  	 	A-7	 
	 Income Tax Return
	  	 	A-7	 
	 Intellectual Property
	  	 	A-7	 
	 IRS
	  	 	A-7	 
	 Knowledge
	  	 	A-7	 
	 Laws
	  	 	A-7	 

 
 

  
 (iv) 

					
	 Legal Proceeding
	  	 	A-7	 
	 Liabilities
	  	 	A-7	 
	 Liability
	  	 	A-7	 
	 Lien
	  	 	A-7	 
	 Loss
	  	 	A-8	 
	 LS Power Entities
	  	 	25	 
	 LSP Development
	  	 	2	 
	 LSP Gen IV
	  	 	15	 
	 Management Employee
	  	 	21	 
	 Management Employees
	  	 	21	 
	 Material Adverse Effect
	  	 	A-8	 
	 Order
	  	 	A-8	 
	 Ordinary Course of Business
	  	 	A-8	 
	 Original Rev LLC Agreement
	  	 	1	 
	 Parties
	  	 	1	 
	 Party
	  	 	1	 
	 Permits
	  	 	A-8	 
	 Permitted Liens
	  	 	A-8	 
	 Person
	  	 	A-9	 
	 Pre-Closing Tax Period
	  	 	A-9	 
	 Principal Facility Documents
	  	 	A-9	 
	 Real Property
	  	 	A-9	 
	 Reference Time
	  	 	A-10	 
	 Release
	  	 	A-10	 
	 Replacement Credit Support
	  	 	A-10	 
	 Rev
	  	 	1	 

					
	 Rev Contributed Assets
	  	 	2	 
	 Rev Contributed Interests
	  	 	A-10	 
	 Rev Entities
	  	 	1	 
	 Rev Entity
	  	 	1	 
	 Rev Holdco
	  	 	1	 
	 Rev Holdings
	  	 	1	 
	 Rev Intermediary
	  	 	1	 
	 Rev Ops
	  	 	2	 
	 Rev Subsidiary Contribution Agreement
	  	 	5	 
	 Rev Subsidiary Contributions
	  	 	3	 
	 Rev Unit
	  	 	A-10	 
	 Securities Act
	  	 	A-10	 
	 Straddle Period
	  	 	A-10	 
	 Subsidiary
	  	 	A-10	 
	 Tax
	  	 	A-10	 
	 Tax Proceeding
	  	 	20	 
	 Tax Return
	  	 	A-11	 
	 Taxes
	  	 	A-10	 
	 Taxing Authority
	  	 	A-10	 
	 Third Party
	  	 	A-11	 
	 Transaction Documents
	  	 	A-11	 
	 Transactions
	  	 	5	 
	 Transfer Taxes
	  	 	20	 
	 Transferred Employee
	  	 	21	 
	 Willkie
	  	 	25	 

  

 

  
 (v) 

 CONTRIBUTION AGREEMENT 

This CONTRIBUTION AGREEMENT (including the exhibits, annexes, and schedules hereto, as amended, restated,
supplemented, or otherwise modified from time to time, this “Agreement”) is made as of July 1, 2021, by and among Bolt Energy Investment Holdings, LLC, a Delaware limited liability company (“Bolt Energy”),
Rev Renewables Bolt AIV Holdings, LLC, a Delaware limited liability company (“Bolt AIV”), Rev Renewables Fund III Holdings, LLC, a Delaware limited liability company (“Fund III”), Rev Renewables Fund IV AIV
Holdings, LLC, a Delaware limited liability company (“Fund IV”), Rev Gen IV Holdings, LLC, a Delaware limited liability company (“Gen IV”), and Rev Renewables, LLC, a Delaware limited liability company
(“Rev”). Each of the foregoing parties is sometimes referred to herein individually as a “Party” and collectively as the “Parties,” and Bolt Energy, Bolt AIV, Fund III, Fund IV, and Gen IV are
sometimes referred to herein individually as a “Contributor” and collectively as the “Contributors.” 

RECITALS 

WHEREAS, on June 7, 2021 (the “Formation Date”), (i) Gen IV formed Rev,
(ii) Rev in turn formed Rev Renewables Holdings, LLC, a Delaware limited liability company (“Rev Holdings”), (iii) Rev Holdings in turn formed Rev Renewables Intermediary, LLC, a Delaware limited liability company (“Rev
Intermediary”), and (iv) Rev Intermediary in turn formed Rev Renewables Holdco, LLC, a Delaware limited liability company (“Rev Holdco” and together with Rev, Rev Holdings and Rev Intermediary, each, a “Rev
Entity” and collectively, the “Rev Entities”), in each case, by filing a certificate of formation with the Secretary of State of the State of Delaware to be effective as of the Formation Date; 

WHEREAS, immediately following the formation of the Rev Entities, Gen IV and Rev entered into that
certain Limited Liability Company Agreement of Rev dated as of the Formation Date (the “Original Rev LLC Agreement”); 

WHEREAS, Bolt Energy Management LLC, a Delaware limited liability company (“Bolt Energy
Management”), on behalf of Bolt Energy, LLC, a Delaware limited liability company, has approved the contributions by Bolt Energy to Rev on the applicable Contribution Date of: (i) one hundred percent (100%) of the issued and
outstanding membership interests (the “Bolt Energy Contributed Interests”) in Bolt Energy Investment, LLC, a Delaware limited liability company (“Bolt Energy Investment”), and (ii) approximately (subject to
adjustment for anticipated expenses) One Hundred Five Million Dollars ($105,000,000.00) (the “Bolt Energy Cash Contribution Amount” and together with the Bolt Energy Contributed Interests, the “Bolt Energy Contributed
Assets”), in exchange for an aggregate of 362,420 Rev Units (the “Bolt Energy Rev Units”); 

WHEREAS, Bolt Energy Management, on behalf of Bolt Energy Holdings AIV, LLC, a Delaware limited liability
company, has approved the contribution by Bolt AIV to Rev on the applicable Contribution Date of: approximately (subject to adjustment for anticipated expenses) Forty Million Dollars ($40,000,000.00) (the “Bolt AIV Cash Contribution
Amount”), in exchange for an aggregate of 26,580 Rev Units (the “Bolt AIV Rev Units”); 

  

CONTRIBUTION AGREEMENT 
  

1 

 WHEREAS, LS Power Partners III, L.P., a Delaware
limited partnership, on behalf of LS Power Equity Partners III, L.P., a Delaware limited partnership, has approved the contribution by Fund III to Rev on the applicable Contribution Date of: one hundred percent (100%) of the issued and outstanding
membership interests in Fund III Rev Renewables Holdco, LLC, a Delaware limited liability company (“Fund III Investment”; such membership interests, the “Fund III Contributed Interests”), in exchange for an
aggregate of 324,000 Rev Units (the “Fund III Rev Units”), it being acknowledged and agreed that the Fund III Contributed Interests shall not include the right to the Fund III Retained Assets, which shall be retained by Fund III;

 WHEREAS, LS Power Partners IV, L.P., a Delaware limited partnership, on behalf of LS Power Equity
Partners IV AIV, L.P., a Delaware limited partnership, has approved the contributions by Fund IV to Rev on the applicable Contribution Date of: (i) one hundred percent (100%) of the issued and outstanding membership interests (the “Fund
IV Contributed Interests”) in Quattro Solar Holdco, LLC, a Delaware limited liability company (“Fund IV Investment”), and (ii) approximately Two Hundred Thirty Three Million Dollars ($233,000,000) (the “Fund IV
Cash Contribution Amount” and together with the Fund IV Contributed Interests, the “Fund IV Contributed Assets”), in exchange for an aggregate of 275,000 Rev Units (the “Fund IV Rev Units”); 

WHEREAS, LS Power Development, LLC, a Delaware limited liability company (“LSP
Development”), on behalf of LS Power Associates, L.P., a Delaware limited partnership, has approved the contributions by Gen IV to Rev on the applicable Contribution Date of: one hundred percent (100%) of the issued and outstanding
membership interests (the “Gen IV Contributed Interests” and together with the Bolt Energy Contributed Assets, the Bolt AIV Cash Contribution Amount, the Fund III Contributed Interests and the Fund IV Contributed Assets, the
“Rev Contributed Assets”) in each of (a) Rev Renewables Ops, LLC, a Delaware limited liability company (“Rev Ops”) and (b) Gen IV Rev Renewables Development Holdings, LLC, a Delaware limited liability
company (the “Gen IV Investments” and the Gen IV Investments together with Bolt Energy Investment, Fund III Investment, and Fund IV Investment, are each, a “Contributed Entity” and collectively, the
“Contributed Entities”), in exchange for an aggregate of 12,000 Rev Units (the “Gen IV Rev Units”); 

WHEREAS, in connection with and immediately following the Closing, the Contributors and Rev will amend
and restate the Original Rev LLC Agreement pursuant to that certain Amended and Restated Limited Liability Company Agreement of Rev, in substantially the form attached hereto as Exhibit B (the “A&R Rev LLC Agreement”),
whereby Bolt Energy, Bolt AIV, Fund III, Fund IV, and Gen IV will hold 362,420, 26,580, 324,000, 275,000, and 12,000 Rev Units, respectively; and 

WHEREAS, upon the applicable Contribution Dates but effective as of the Closing Date, (i) other than
Rev Ops, which will remain a wholly-owned subsidiary of Rev, and the Bolt Energy Cash Contribution Amount, the Bolt AIV Cash Contribution Amount and the Fund IV Cash Contribution Amount, which Rev will hold itself or contribute to one or more of its
applicable Subsidiaries, Rev will in turn contribute one hundred percent (100%) of its right, title, and interest in the remaining Rev Contributed Assets to Rev Holdings, (ii) Rev Holdings will in turn contribute one hundred percent (100%) of
its right, title, and interest in the remaining Rev Contributed Assets to Rev Intermediary, and (iii) Rev Intermediary will in turn contribute one hundred percent (100%) of its right, title, and interest in the remaining Rev Contributed Assets
to Rev Holdco (collectively, the “Rev Subsidiary Contributions”). 

  

CONTRIBUTION AGREEMENT 
  

2 

 NOW, THEREFORE, in consideration of the
foregoing, other good and valuable consideration and the mutual covenants and agreements herein contained, and intending to be legally bound hereby, the Parties hereby ratify and confirm the foregoing Recitals and further agree as follows: 

AGREEMENTS 

ARTICLE I 

DEFINITIONS; REFERENCES; CONSTRUCTION 

1.1 Definitions. The Glossary of Defined Terms, which follows the Table of Contents, sets forth the location herein of the definition
for each capitalized term used herein. In addition to the terms defined in the body of this Agreement, other capitalized terms used herein have the meanings given to them in Exhibit A attached hereto. 

1.2 References. The Table of Contents and the section and other headings and subheadings set forth in this Agreement and the exhibits,
annexes, and schedules hereto are solely for the purpose of reference, are not part of the agreement of the Parties, and will not in any way affect the meaning or interpretation of this Agreement or any exhibit, annex, or schedule hereto. All
references to days (excluding Business Days) or months will be deemed references to calendar days or months. If any action is to be taken or given on or by a particular calendar day, and such calendar day is not a Business Day, then such action may
be deferred until the next Business Day. All references to “U.S.” are references to the United States of America and references to “$” are references to U.S. dollars, unless otherwise indicated. Unless the context otherwise
requires, any reference to a “Section,” “Article,” “Exhibit,” “Annex,” or “Schedule” will be deemed to refer to a section of this Agreement, an article to this Agreement, an exhibit to this
Agreement, an Annex to this Agreement, or a schedule to this Agreement, as applicable. The Schedules delivered in connection herewith are hereby incorporated into this Agreement by this reference and made a part hereof. Notwithstanding anything to
the contrary contained in this Agreement or in any Schedule, any information disclosed in one Schedule will be deemed to be disclosed in each other Schedule to the extent that the applicability of such information to such other Schedule is readily
apparent on its face. Unless expressly contemplated by the underlying representation or warranty, the disclosure of any information will not be deemed to constitute an acknowledgment that such information is (a) required to be disclosed in
connection with such representation or warranty or (b) is material and will not be deemed to establish a standard of materiality and will not be deemed an admission of any liability or concession as to any defense available. Any description of
any agreement, document, instrument, plan, arrangement, or other item set forth on any Schedule hereto is a summary only and is qualified in its entirety by the terms of such agreement, document, instrument, plan, arrangement, or item. The words
“hereof,” “herein,” and “hereunder” and words of similar import referring to this Agreement refer to this Agreement as a whole and not to any particular provision of this Agreement. The word “including,” or
any variation thereof, means “including, without limitation” and will not be construed to limit any general statement that it follows to the specific or similar items or matters immediately following it. Unless the context otherwise
requires, the word “or” means “and/or.” Any reference to a Law will be deemed to also 

  

CONTRIBUTION AGREEMENT 
  

3 

 
refer to all rules and regulations promulgated thereunder, unless the context requires otherwise. All terms defined in this Agreement will have the defined meanings when used as capitalized terms
in any certificate or other document made or delivered pursuant hereto unless otherwise defined therein. The definitions set forth in this Agreement are applicable to the singular as well as the plural forms of such terms and to the masculine as
well as to the feminine and neuter genders of such terms. 
 1.3 Construction. The Parties have participated jointly in the
negotiation and drafting of this Agreement. In the event an ambiguity or question of intent or interpretation arises, this Agreement will be construed as if drafted jointly by the Parties and no presumption or burden of proof will arise favoring or
disfavoring any Party by virtue of the authorship of any of the provisions of this Agreement. 
 ARTICLE II 

CONTRIBUTIONS; ISSUANCE OF REV UNITS 

2.1 Contributions; Issuance of Rev Units to the Contributors. 

(a) On the terms set forth herein, at the applicable Contribution Date: 

(i) Bolt Energy shall contribute, convey, transfer, assign and deliver to Rev, and Rev shall accept from Bolt Energy, the Bolt
Energy Contributed Assets and, in consideration therefor, on the Closing Date Rev hereby issues to Bolt Energy the Bolt Energy Rev Units, free and clear of Liens, other than Liens arising under the A&R Rev LLC Agreement and Permitted Liens; 

(ii) Bolt AIV shall contribute, convey, transfer, assign and deliver to Rev, and Rev shall accept from Bolt AIV, the Bolt AIV
Cash Contribution Amount and, in consideration therefor, on the Closing Date Rev hereby issues to Bolt AIV the Bolt AIV Rev Units, free and clear of Liens, other than Liens arising under the A&R Rev LLC Agreement and Permitted Liens; 

(iii) Fund III shall contribute, convey, transfer, assign and deliver to Rev, and Rev shall accept from Fund III, the Fund III
Contributed Interests and, in consideration, therefor, on the Closing Date Rev hereby issues to Fund III the Fund III Rev Units, free and clear of Liens, other than Liens arising under the A&R Rev LLC Agreement and Permitted Liens; 

(iv) Fund IV shall contribute, convey, transfer, assign and deliver to Rev, and Rev shall accept from Fund IV, the Fund IV
Contributed Assets and, in consideration therefor, on the Closing Date Rev hereby issues to Fund IV the Fund IV Rev Units, free and clear of Liens, other than Liens arising under the A&R Rev LLC Agreement and Permitted Liens; 

  

CONTRIBUTION AGREEMENT 
  

4 

 (v) Gen IV shall contribute, convey, transfer, assign and deliver to Rev,
and Rev shall accept from Gen IV, the Gen IV Contributed Interests and, in consideration therefor, on the Closing Date Rev hereby issues to Gen IV the Gen IV Rev Units, free and clear of Liens, other than Liens arising under the A&R Rev LLC
Agreement and Permitted Liens; and 
 (vi) Upon each Contribution Date and effective as of the Closing Date, the applicable
Rev Entities will effectuate the Rev Subsidiary Contributions pursuant to that certain Omnibus Contribution Agreement and Instrument of Assignment, in substantially the form attached hereto as Exhibit C (the “Rev Subsidiary
Contribution Agreement”). 
 2.2 Closing. The closing (the “Closing”) of the transactions described in
Section 2.1(a) will take place on the date hereof (the “Closing Date”); provided that certain of the Rev Contributed Assets shall be contributed by the Contributors to Rev after the Closing on their
applicable Contribution Date (collectively, the “Transactions”) and all such Transactions shall be deemed effective as of the Closing Date. The consummation of the Transactions will take place via remote electronic exchange of
documents and signatures (by facsimile, “portable document format,” email, or other form of electronic communication); provided that if any original document must be delivered, such delivery will take place at the offices of
Willkie Farr & Gallagher LLP, 787 Seventh Avenue, New York, NY 10019 or such other place as the Parties shall mutually agree. 

2.3 Deliveries. 
 (a)
By Bolt Energy. Bolt Energy will deliver or cause to be delivered to Rev: 
 (i) at the Closing, a certificate
executed by a duly authorized officer of Bolt Energy, in such Person’s capacity as an officer of Bolt Energy, certifying that attached thereto are complete and accurate copies of resolutions or similar approvals (or extracts thereof) adopted by
the appropriate governing body to approve the Transactions and the Transaction Documents to which Bolt Energy or any Bolt Energy Contributor Subsidiary is a party, and certifying that such resolutions or similar approvals are in full force and
effect; 
 (ii) on the applicable Contribution Date, the Bolt Energy Cash Contribution Amount in immediately available funds
to a bank account provided by Rev; 
 (iii) at the Closing, a counterpart to each Transaction Document to which Bolt Energy
or any Bolt Energy Contributor Subsidiary is a party, duly executed by an authorized officer of Bolt Energy or the applicable Bolt Energy Contributor Subsidiary, as applicable; 

(iv) at the Closing, a counterpart to the A&R Rev LLC Agreement, duly executed by an authorized officer of Bolt Energy;

 (v) at the Closing, a counterpart to the Bolt Energy Assignment Agreement, duly executed by an authorized officer of Bolt
Energy; 

  

CONTRIBUTION AGREEMENT 
  

5 

 (vi) on the applicable Contribution Date, resignations or removal of the
managers and officers of each Bolt Energy Contributor Subsidiary, if requested by Rev; 
 (vii) at the Closing, a valid IRS
Form W-9 of Bolt Energy; 
 (viii) on the applicable Contribution Date, any Consents
with respect to the Rev Contributed Assets contributed by Bolt Energy; 
 (ix) on the applicable Contribution Date, documents
required to be executed by any Bolt Energy Contributor Subsidiary in connection with the Replacement Credit Support applicable to the Bolt Energy Contributor Subsidiaries; and 

(x) any other documents or instruments, duly executed by an authorized officer of Bolt Energy or any Bolt Energy Contributor
Subsidiary, as applicable, that Rev may reasonably request as necessary or appropriate to consummate the Transactions. 
 (b) By Bolt
AIV: Bolt AIV will deliver or cause to be delivered to Rev: 
 (i) at the Closing, a certificate executed by a duly
authorized officer of Bolt AIV, in such Person’s capacity as an officer of Bolt AIV, certifying that attached thereto are complete and accurate copies of resolutions or similar approvals (or extracts thereof) adopted by the appropriate
governing body to approve the Transactions and the Transaction Documents to which Bolt AIV is a party, and certifying that such resolutions or similar approvals are in full force and effect; 

(ii) on the applicable Contribution Date, the Bolt AIV Cash Contribution Amount in immediately available funds to a bank
account provided by Rev; 
 (iii) at the Closing, a counterpart to each Transaction Document to which Bolt AIV is a party,
duly executed by an authorized officer of Bolt AIV; 
 (iv) at the Closing, a counterpart to the A&R Rev LLC Agreement,
duly executed by an authorized officer of Bolt AIV; 
 (v) at the Closing, a counterpart to the Bolt AIV Instrument of
Contribution and Issuance, duly executed by an authorized officer of Bolt AIV; 
 (vi) at the Closing, a valid IRS Form W-9 of Bolt AIV; 
 (vii) on the applicable Contribution Date, any Consents with respect to
Rev Contributed Assets contributed by Bolt AIV; and 
 (viii) any other documents or instruments, duly executed by an
authorized officer of Bolt AIV that Rev may reasonably request as necessary or appropriate to consummate the Transactions. 

  

CONTRIBUTION AGREEMENT 
  

6 

 (c) By Fund III. Fund III will deliver or cause to be delivered to Rev: 

(i) at the Closing, a certificate executed by a duly authorized officer of Fund III, in such Person’s capacity as an
officer of Fund III, certifying that attached thereto are complete and accurate copies of resolutions or similar approvals (or extracts thereof) adopted by the appropriate governing body to approve the Transactions and the Transaction Documents to
which Fund III or any Fund III Contributor Subsidiary is a party, and certifying that such resolutions or similar approvals are in full force and effect; 

(ii) at the Closing, a counterpart to each Transaction Document to which Fund III or any Fund III Contributor Subsidiary is a
party, duly executed by an authorized officer of Fund III or the applicable Fund III Contributor Subsidiary, as applicable; 

(iii) at the Closing, a counterpart to the A&R Rev LLC Agreement, duly executed by an authorized officer of Fund III; 

(iv) at the Closing, a counterpart to the Fund III Assignment Agreement, duly executed by an authorized officer of Fund III;

 (v) on the applicable Contribution Date, resignations or removal of the managers and officers of each Fund III Contributor
Subsidiary, if requested by Rev; 
 (vi) at the Closing, a valid IRS Form W-9 of Fund
III; 
 (vii) on the applicable Contribution Date, any Consents with respect to Rev Contributed Assets contributed by Fund
III; 
 (viii) on the applicable Contribution Date, documents required to be executed by any Fund III Contributor Subsidiary
in connection with the Replacement Credit Support applicable to the Fund III Contributor Subsidiaries; and 
 (ix) any other
documents or instruments, duly executed by an authorized officer of Fund III or any Fund III Contributor Subsidiary, as applicable, that Rev may reasonably request as necessary or appropriate to consummate the Transactions. 

(d) By Fund IV. Fund IV will deliver or cause to be delivered to Rev: 

(i) at the Closing, a certificate executed by a duly authorized officer of Fund IV, in such Person’s capacity as an
officer of Fund IV, certifying that attached thereto are complete and accurate copies of resolutions or similar approvals (or extracts thereof) adopted by the appropriate governing body to approve the Transactions and the Transaction Documents to
which Fund IV or any Fund IV Contributor Subsidiary is a party, and certifying that such resolutions or similar approvals are in full force and effect; 

(ii) on the applicable Contribution Date, the Fund IV Cash Contribution Amount in immediately available funds to a bank account
provided by Rev; 

  

CONTRIBUTION AGREEMENT 
  

7 

 (iii) at the Closing, a counterpart to each Transaction Document to which
Fund IV or any Fund IV Contributor Subsidiary is a party, duly executed by an authorized officer of Fund IV or the applicable Fund IV Contributor Subsidiary, as applicable; 

(iv) at the Closing, a counterpart to the A&R Rev LLC Agreement, duly executed by an authorized officer of Fund IV; 

(v) at the Closing, a counterpart to the Fund IV Assignment Agreement, duly executed by an authorized officer of Fund IV; 

(vi) on the applicable Contribution Date, such resignations or removal of the managers and officers of each Fund IV Contributor
Subsidiary, if requested by Rev; 
 (vii) at the Closing, a valid IRS Form W-9 of
Fund IV; 
 (viii) on the applicable Contribution Date, any Consents with respect to Rev Contributed Assets contributed by
Fund IV; 
 (ix) on the applicable Contribution Date, documents required to be executed by any Fund IV Contributor Subsidiary
in connection with the Replacement Credit Support applicable to the Fund IV Contributor Subsidiaries; and 
 (x) any other
documents or instruments, duly executed by an authorized officer of Fund IV or any Fund IV Contributor Subsidiary, as applicable, that Rev may reasonably request as necessary or appropriate to consummate the Transactions. 

(e) By Gen IV. Gen IV will deliver or cause to be delivered to Rev: 

(i) at the Closing, a certificate executed by a duly authorized officer of Gen IV, in such Person’s capacity as an officer
of Gen IV, certifying that attached thereto are complete and accurate copies of resolutions or similar approvals (or extracts thereof) adopted by the appropriate governing body to approve the Transactions and the Transaction Documents to which Gen
IV or any Gen IV Contributor Subsidiary is a party, and certifying that such resolutions or similar approvals are in full force and effect; 

(ii) at the Closing, a counterpart to each Transaction Document to which Gen IV or any Gen IV Contributor Subsidiary is a
party, duly executed by an authorized officer of Gen IV or the applicable Gen IV Contributor Subsidiary, as applicable; 

(iii) at the Closing, a counterpart to the A&R Rev LLC Agreement, duly executed by an authorized officer of Gen IV; 

(iv) at the Closing, a counterpart to the Gen IV Assignment Agreement, duly executed by an authorized officer of Gen IV; 

(v) on the applicable Contribution Date, such resignations or removal of the managers and officers of each Gen IV Contributor
Subsidiary, if requested by Rev; 

  

CONTRIBUTION AGREEMENT 
  

8 

 (vi) at the Closing, a valid IRS Form
W-9 of Gen IV; 
 (vii) on the applicable Contribution Date, any Consents with
respect to Rev Contributed Assets contributed by Gen IV; 
 (viii) on the applicable Contribution Date, documents required to
be executed by any Gen IV Contributor Subsidiary in connection with the Replacement Credit Support applicable to the Gen IV Contributor Subsidiaries; and 

(ix) any other documents or instruments, duly executed by an authorized officer of Gen IV or any Gen IV Contributor Subsidiary,
as applicable, that Rev may reasonably request as necessary or appropriate to consummate the Transactions. 
 (f) By Rev. Rev will
deliver or cause to be delivered to each Contributor: 
 (i) at the Closing, a certificate executed by a duly authorized
officer of Rev, in such Person’s capacity as an officer of Rev, certifying that attached thereto are complete and accurate copies of resolutions or similar approvals (or extracts thereof) adopted by appropriate governing body of Rev required to
approve the Transactions and the Transaction Documents to which Rev or any other Rev Entity is a party, and certifying that such resolutions or similar approvals are in full force and effect; 

(ii) at the Closing, a counterpart to each Transaction Document to which Rev or any other Rev Entity is a party, duly executed
by an authorized officer of Rev or such other Rev Entity, as applicable; 
 (iii) at the Closing, a counterpart to the
A&R Rev LLC Agreement, duly executed by an authorized officer of Rev; 
 (iv) at the Closing, a counterpart to each
Contributor Assignment Agreement, duly executed by an authorized officer of Rev; 
 (v) such resignations or removal,
effective as of the Closing Date, of the managers and officers of Rev, if requested by the Contributors; 
 (vi) any Consents
with respect to Rev’s acceptance of the Rev Contributed Assets or issuance of the Rev Units; 
 (vii) on the applicable
Contribution Date, evidence reasonably satisfactory to each Contributor that Rev has obtained replacements for the Replacement Credit Support applicable to such Contributor in the form required by the recipient benefitting from such Replacement
Credit Support and that such Contributor and the applicable providers of the Replacement Credit Support have been released from all obligations with respect to such Replacement Credit Support; 

(viii) at the Closing, counterparts to the Rev Subsidiary Contribution Agreement, duly executed by an authorized officer of
each Rev Entity party thereto; and 

  

CONTRIBUTION AGREEMENT 
  

9 

 (ix) any other documents or instruments, duly executed by an authorized
officer of Rev or any other Rev Entity, as applicable, that any Contributor may reasonably request as necessary or appropriate to consummate the Transactions. 

2.4 Modifications to Contributor Equity Value. 

(a) Each Contributor and Rev hereby acknowledge and agree that at the Closing each Contributor was issued its corresponding number of Rev
Units based on the values set forth with respect to each Contributor’s Rev Contributed Assets in the Equity Value Model. If, following the Closing and prior to the Contribution Date, any assets owned or leased by a Contributor Subsidiary to be
contributed by a Contributor are damaged or destroyed by a casualty or similar event (a “Casualty Event”) where such Contributor, acting reasonably and in good faith, determines that such Casualty Event would reasonably be expected
to have a Material Adverse Effect, such Contributor shall notify the Board and each other Contributor of such Casualty Event. Following receipt of such notice, the Board shall, on its own initiative or at the request of any Contributor, in good
faith reassess the number of Rev Units issued to each Contributor. The results of such reassessment shall be subject to the delivery of an update to each fairness opinion (given by the same Person that issued the respective fairness opinion prior to
Closing) that was issued to each applicable Contributor reflecting any changes to the Equity Value Model after giving effect to such event. 

(b) Promptly after the determination set forth in Section 2.4(a), above, Rev will adjust the amount of Rev Units
issued to and held by each Contributor based on any such reassessment. Any such forfeiture and issuance of Rev Units will occur automatically, without further action of Rev or the Contributors, and will be deemed to be effective as of the date of
the reassessment set forth in Section 2.4(a). Rev and each Contributor will promptly execute all necessary instruments and documentation to effect the matters set forth herein. 

(c) Any adjustment of Rev Units made pursuant to this Section 2.4 will, for Tax purposes, be treated as an
adjustment to the consideration for the Rev Contributed Assets contributed by the applicable Contributor. 
 2.5 Development Project
Expenses. To the extent not calculated in the value of the Gen IV Contributed Interests and the corresponding amount of Gen IV Rev Units issued to Gen IV at Closing, to the extent Gen IV provides Rev with appropriate documentation of all
Development Project Expenses incurred and (absent manifest error) Rev shall promptly reimburse Gen IV in cash for such amounts. 
 2.6
Fund III Retained Assets. Notwithstanding any provision herein to the contrary, the Fund III Contributed Interests when contributed shall not include, and Rev shall have no right to, and Fund III shall retain in all respects, the Fund III
Retained Assets. Upon receipt of any Fund III Retained Assets, Rev shall promptly, and in no event later than five (5) Business Days after receipt, remit all proceeds, payments or other amounts received with respect to the Fund III Retained
Assets to Fund III. Any such remittance shall not be considered a distribution on account of equity but rather a remittance made in compliance with Rev’s obligations hereunder. 

  

CONTRIBUTION AGREEMENT 
  

10 

 ARTICLE III 

REPRESENTATIONS AND WARRANTIES OF THE CONTRIBUTORS

 Each Contributor hereby severally represents and warrants to Rev and each other Contributor, as of the Closing Date and each
applicable Contribution Date, solely with respect to such Contributor and its Contributor Subsidiaries (as applicable), that the following statements in this Article III are true and correct as of the date made (or, if stated to be made as of
a specific date, as of such specific date), except, where the failure to be true and correct has not had and would not reasonably be expected to have, individually or in the aggregate, a Material Adverse Effect, and each Contributor acknowledges
that Rev and each other Contributor are relying on the following representations and warranties in this Article III in entering into this Agreement and consummating the Transactions: 

3.1 Organization; Qualification. Each Contributor and its Contributor Subsidiaries are duly organized, validly existing, and in good
standing under the Laws of the State of Delaware or its jurisdiction of organization. The Contributor Subsidiaries of each Contributor are duly qualified or authorized to do business and are in good standing or have an active right to transact
business under the Laws of each jurisdiction in which such Contributor Subsidiaries, as applicable, own or lease real property and each other jurisdiction in which either (i) the conduct of business of such Contributor Subsidiaries or
(ii) the ownership, lease, operation, or holding of the assets and properties now owned, leased, operated, or held by such Contributor Subsidiaries requires such qualification or authorization and no such Contributor Subsidiaries are required
to qualify or obtain a license to do business in any other jurisdiction. 
 3.2 Authority; No Conflicts; Consents. Each Contributor
has all requisite limited liability company power and authority to execute and deliver each Transaction Document to which it is a party, to consummate the Transactions, and to perform all of the terms and obligations thereunder required to be
performed by it. Each of the Transaction Documents to which such Contributor is a party has been duly and validly authorized, executed, and delivered by such Contributor, and (assuming the due and valid authorization, execution, and delivery by the
other parties hereto and thereto) the Transaction Documents to which such Contributor is a party constitute the legal, valid, and binding obligations of such Contributor, enforceable against such Contributor in accordance with their respective
terms, subject to applicable bankruptcy, insolvency, reorganization, moratorium, and similar Laws affecting creditors’ rights and remedies generally. The consummation of the Transactions will not conflict with, require the consent of any third
party (not previously received) or result in any violation or breach of, or default (with or without notice or lapse of time, or both) under, or give rise to a right of acceleration, termination, loss of benefits or rights, or cancellation of, or
result in any Lien (other than a Permitted Lien) on, any of the equity or assets of such Contributor or its Contributor Subsidiaries under any provision of: (i) their Governing Documents; (ii) any applicable Law or Order; or
(iii) their respective Principal Facility Documents or material Permits; except, in the case of clauses (ii) and (iii), for such conflicts, violations, breaches, defaults, accelerations, terminations, losses, cancellations, or Liens set
forth on Schedule 3.2. 

  

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11 

 3.3 Ownership; Capitalization. 

(a) Each Contributor owns its applicable Rev Contributed Interests, which constitute one hundred percent (100%) of the issued and outstanding
membership interests in such Contributor’s applicable Contributed Entity, and such Contributor’s right, title, and interest in such Rev Contributed Interests is free and clear of all Liens, other than Permitted Liens. Except for such
Contributor’s ownership of its applicable Rev Contributed Interests, such Contributor does not have any other interest in, or right to acquire, any membership interest or units of any class or series or any other equity interests in any
Subsidiary of such Contributed Entity or other rights convertible, exercisable, or exchangeable into equity interests or units of any class or series or any other equity interests of any Subsidiary of such Contributed Entity. Except as may be set
forth in any Principal Facility Document or with respect to its Rev Contributed Interests, there are no other issued and outstanding equity securities or interests of any Contributor Subsidiary of such Contributor or any securities or interests
convertible, exchangeable, or exercisable into equity securities or interests of any Contributor Subsidiary of such Contributor. All securities and interests held by Contributor in a Contributor Subsidiary or by a Contributor Subsidiary in another
Contributor Subsidiary are duly authorized, validly issued, fully paid, and non-assessable and were issued in conformity with all applicable Laws. Other than as may be set forth in any Principal Facility
Document, no authorized, issued, or outstanding equity interests in any Contributor Subsidiary of such Contributor are subject to, and no such equity interests were issued in violation of, any purchase option, call option, right of first refusal,
preemptive right, subscription right, or any similar right under applicable Law, the Governing Documents of the applicable Contributor Subsidiary of such Contributor or any Contract to which any Contributor Subsidiary of such Contributor is or was a
party or by which any Contributor Subsidiary of such Contributor, or any asset or property of any Contributor Subsidiary of such Contributor, is or was otherwise bound. 

(b) Each Contributor has made available to Rev and each other Contributor true, correct and complete copies of the Governing Documents of such
Contributor and its Contributor Subsidiaries as in effect immediately prior to the applicable Contribution Date (including all amendments, restatements, supplements or other modifications thereto). 

3.4 Financial and Other Matters. 

(a) The books and records used to prepare financial statements and related information pertaining to each Contributor Subsidiary have been
maintained (as applicable) in accordance with GAAP, subject to normal recurring year-end adjustments, which, would not reasonably be expected to have a material impact on the financial position, results of
operations, or other financial information of such Contributor Subsidiary. 
 (b) No Contributor Subsidiary has any outstanding Liabilities
not previously disclosed to Rev, except for Liabilities (i) incurred in the Ordinary Course of Business, (ii) pursuant to future performance obligations under any applicable Contract entered into in the Ordinary Course of Business,
(iii) relating to Contributor Subsidiary Indebtedness, (iv) relating to the Principal Facility Documents, or (v) incurred directly in connection with this Agreement or the Transactions. 

  

CONTRIBUTION AGREEMENT 
  

12 

 3.5 Conduct of Business; Absence of Certain Changes, Events and Conditions.
Since March 31, 2021, the sole business of each Contributor Subsidiary has been, as applicable, the development, planning, permitting, construction, financing, use, direct or indirect ownership (as applicable), leasing, operation, and/or
maintenance of the applicable Facility related thereto and activities incidental thereto. Except for the Transactions, each Contributor is conducting its business in the Ordinary Course of Business. 

3.6 Legal Proceedings. 

(a) Except as set forth on Schedule 3.6(a), there is no Legal Proceeding pending or, to the Knowledge of each applicable Contributor,
threatened against or involving any Contributor Subsidiary or any officer, director, manager, member, or current or former employee of any Contributor Subsidiary, in each case, in such Person’s capacity as such. Except as set forth on
Schedule 3.6(a), no Contributor Subsidiary is in violation of any Order issued against it or any other Contributor Subsidiary. 
 (b)
There are no bankruptcy, reorganization, arrangement proceedings, assignment for the benefit of creditors, or other Legal Proceedings of a similar nature in any jurisdiction filed by, pending against, being contemplated by or, to the Knowledge of
each applicable Contributor, threatened against, any Contributor Subsidiary. 
 3.7 Principal Facility Documents. Each Principal
Facility Document is (i) the legal, valid, and binding obligation of a Contributor Subsidiary and, to the Knowledge of each applicable Contributor, of each other party thereto, enforceable against such Contributor Subsidiary and, to the
Knowledge of each applicable Contributor, each other party thereto, in accordance with its terms, except as may be limited by applicable bankruptcy, insolvency, reorganization, moratorium, or other Laws affecting creditors’ rights and remedies
generally, and by general equitable principles and (ii) in full force and effect. 
 3.8 Benefit Plans and Employee Matters.
Except as described on Schedule 3.8, no Contributor or Contributor Subsidiary (a) employs any individuals or has any Liability in respect of any former employees, or (b) maintains, sponsors, contributes to, or is required to
contribute to any Employee Benefit Plan or has any Liability in respect of any Employee Benefit Plan. 
 3.9 Compliance with Laws;
Permits; Environmental Matters. 
 (a) Compliance. Each Contributor Subsidiary is in compliance with all applicable Laws. 

(b) Permits. Each Contributor Subsidiary possesses and is in compliance with, in all material respects, all material Permits required
for the operation of the Contributor Subsidiaries. 
 (c) Environmental Matters. 

(i) Each Contributor and Contributor Subsidiary is in compliance in all material respects with all applicable Environmental
Laws. No Contributor or Contributor Subsidiary has received any written or, to the Knowledge of each applicable Contributor, oral, communication from any Governmental Entity alleging that it is not in compliance with any applicable Environmental
Laws. 

  

CONTRIBUTION AGREEMENT 
  

13 

 (ii) Each Contributor Subsidiary possesses and is in compliance with, in all
material respects, all material Environmental Permits required for the operation of the Contributor Subsidiaries. 
 (iii)
There is no material Environmental Claim pending or, to the Knowledge of each applicable Contributor, threatened against any Contributor Subsidiary or against any Person whose Liability for any Environmental Claim that any Contributor Subsidiary has
retained or assumed either contractually or by operation of Law. 
 3.10 Insurance. Each Contributor Subsidiary maintains insurance
coverage appropriate for such Contributor Subsidiary’s assets and Facilities. 
 3.11 Taxes. 

(a) All Tax Returns required to be filed by or on behalf of each Contributor Subsidiary have been duly filed on a timely basis and each such
Tax Return is true, correct and complete in all material respects. All Taxes owed by any Contributor Subsidiary or with respect to operations of any Contributor Subsidiary (whether or not such Taxes are shown on a Tax Return) or for which any
Contributor Subsidiary is otherwise liable that are or have become due have been timely paid in full. All Taxes that any Contributor Subsidiary is obligated to deduct or withhold from amounts owing to any employee, creditor, independent contractor,
shareholder, member, or Third Party have been, in all material respects, so deducted or withheld and timely paid to the appropriate Taxing Authority. 

(b) None of the material assets of any Contributor Subsidiary is subject to any Lien arising in connection with any failure to pay any Tax,
other than Liens for current period Taxes not yet due and payable. 
 (c) There is no written claim against any Contributor Subsidiary for
any Taxes, and no written assessment, deficiency, or adjustment has been asserted, proposed or, to the Knowledge of each applicable Contributor, threatened, and, to the Knowledge of each applicable Contributor, no basis for any such claim exists.

 (d) Each Contributor Subsidiary has complied in all material respects with all applicable transfer pricing Laws. 

(e) No Contributor Subsidiary currently has a “permanent establishment” (within the meaning of an applicable Tax treaty) or other
office or fixed place of business in any country other than the country in which it is organized. 
 (f) No Contributor Subsidiary
(i) is a party to or bound by any Tax allocation, sharing, or indemnity agreement, other than an agreement entered into in the Ordinary Course of Business, the primary purpose of which does not relate to Taxes or (ii) has any material
Liability for the Taxes of any Person under Treasury Regulations Section 1.1502-6 (or any corresponding provisions of applicable state, local or foreign Tax Law), or as a transferee or successor, or by
contract or otherwise. 

  

CONTRIBUTION AGREEMENT 
  

14 

 3.12 Unregistered Securities. 

(a) Each Contributor has sufficient knowledge of finance, securities, and investments generally, has experience and skill in investments based
on actual participation, and has the ability to bear the economic risks of such Contributor’s investment in Rev Units for an indefinite period of time. 

(b) Each Contributor understands and acknowledges that investing in the Rev Units involves a high degree of risk and uncertainty and that such
Contributor could lose its entire investment in the Rev Units. Each Contributor has sought such accounting, legal, and tax advice as such Contributor has considered necessary to make an informed investment decision with respect to such
Contributor’s investment in the Rev Units. 
 (c) Each Contributor is acquiring the Rev Units for such Contributor’s own account
and not with a view to or in connection with the resale or other distribution of such Rev Units in violation of any securities Laws. Each Contributor understands and acknowledges that there is no public trading market for the Rev Units. Each
Contributor has been advised and understands and acknowledges that the Rev Units have not been registered under the Securities Act or under the “blue sky” Laws of any jurisdiction and may be resold only if registered pursuant to the
provisions of the Securities Act (or, if eligible, pursuant to the provisions of Rule 144 promulgated under the Securities Act or pursuant to another available exemption from the registration requirements of the Securities Act). 

3.13 Intellectual Property, Privacy, and Information Technology. Each of the Contributor Subsidiaries owns or has the right to use all
Intellectual Property necessary for the operation of the business of such Contributor Subsidiary. To the Knowledge of each applicable Contributor, the operation of the businesses of the Contributor Subsidiaries does not infringe upon or
misappropriate any Intellectual Property of any other Person as of the date of this Agreement. The Contributor Subsidiaries have taken commercially reasonable precautions to protect the secrecy and confidentiality of the trade secrets owned by each
of them. 
 3.14 Regulatory Matters. Each Contributor Subsidiary has made all material regulatory filings required to be made with
any Governmental Entity with respect to the operation of its Facilities. 
 3.15 Affiliate Transactions. Other than with respect to
the Transition Services Agreement between LSP Generation IV, LLC, a Delaware limited liability company (“LSP Gen IV”) and Rev dated as of the Closing Date, each material Contract between a Contributor Subsidiary, on the one hand,
and any Affiliate of a Contributor Subsidiary (other than another Contributor Subsidiary), on the other hand, that was not entered into on arms-length terms has been terminated or is scheduled to be terminated within thirty (30) days following
the applicable Contribution Date. 

  

CONTRIBUTION AGREEMENT 
  

15 

 ARTICLE IV 

REPRESENTATIONS AND WARRANTIES OF REV 

Rev hereby represents and warrants to each Contributor, as of the Closing Date, that the following statements in this Article IV are true and
correct as of the date made (or, if stated to be made as of a specific date, as of such specific date), except, where the failure to be true and correct has not had and would not reasonably be expected to have, individually or in the aggregate, a
material adverse effect on the financial condition, assets or operations of Rev or any Rev Entity, and Rev acknowledges that each Contributor is relying on the following representations and warranties in this Article IV in entering into this
Agreement and consummating the Transactions: 
 4.1 Organization; Qualification. Each Rev Entity is duly organized, validly existing,
and in good standing under the Laws of the State of Delaware. No Rev Entity is in default under or in violation of any provision of its Governing Documents. 

4.2 Authority; No Conflicts; Consents. 

(a) Rev has all requisite limited liability company power and authority to execute and deliver each Transaction Document to which Rev is a
party, to consummate the Transactions, and to perform all of the terms and obligations thereunder required to be performed by Rev. Each of the Transaction Documents to which Rev is a party has been duly and validly authorized, executed and delivered
by Rev, and (assuming the due and valid authorization, execution and delivery by the other parties hereto and thereto) the Transaction Documents to which Rev is a party constitute the legal, valid, and binding obligations of Rev, enforceable against
Rev in accordance with its terms, subject to applicable bankruptcy, insolvency, reorganization, moratorium and similar Laws affecting creditors’ rights, and remedies generally. No Rev Entity has conducted any business or had any operations
since its formation, other than in connection with the Transactions. 
 (b) The consummation of the Transactions will not conflict with,
require the Consent of any Third Party or result in any violation or breach of, or default (with or without notice or lapse of time, or both) under (i) the Governing Documents of any Rev Entity or (ii) any Law or Order applicable to any
Rev Entity. 
 (c) Except as set forth on Schedule 4.2(c), no Consent, Order, or Permit of, or declaration or filing with, or
notification to, any Governmental Entity is required in connection with the Transactions. 
 4.3 Ownership; Capitalization. 

(a) As of immediately prior to Closing, (i) Rev owns one hundred percent (100%) of the issued and outstanding membership interests in Rev
Holdings, (ii) Rev Holdings owns one hundred percent (100%) of the issued and outstanding membership interests in Rev Intermediary, and (iii) Rev Intermediary owns one hundred percent (100%) of the issued and outstanding membership
interests in Rev Holdco, in each case free and clear of all Liens, and there are no other issued and outstanding equity securities or interests of any Rev Entity, or any securities or interests convertible, exchangeable, or exercisable into equity
securities or interests of any Rev 

  

CONTRIBUTION AGREEMENT 
  

16 

 
Entity. Upon consummation of the Closing (including issuance of the Rev Units contemplated hereby), the issued and outstanding Rev Units (as defined in the A&R Rev LLC Agreement) will be as
reflected on Schedule I to the A&R Rev LLC Agreement. Each Rev Unit issued in accordance with the terms of this Agreement, upon the Closing will be duly authorized, validly issued, and (assuming each Contributor’s compliance with its
obligations hereunder) fully paid and non-assessable, and (subject to the accuracy of each Contributor’s representations and warranties in the A&R Rev LLC Agreement) will be issued in conformity with
all applicable Laws. Until the consummation of the transactions contemplated by the Rev Subsidiary Contribution Agreement, no Rev Entity shall own an equity interest in any Person other than a Rev Entity or Rev Ops (upon the applicable Contribution
Date for Rev Ops). No authorized, issued, or outstanding equity interests in any Rev Entity will upon issuance be subject to, and no such equity interests will be issued in violation of, any purchase option, call option, right of first refusal,
preemptive right, subscription right or any similar right under applicable Law, the Governing Documents of the applicable Rev Entity, or any Contract to which any Rev Entity is a party or by which any Rev Entity is or was otherwise bound. The Rev
Units will initially be uncertificated. 
 (b) Except as otherwise set forth in this Agreement or in the A&R Rev LLC Agreement, there
are no (i) outstanding or authorized options, warrants, profits interests, other phantom interests, appreciation rights, purchase rights, subscription rights, conversion rights, exchange rights, or other Contracts, contingent or otherwise, of
any kind that would require any Rev Entity to issue, sell, or otherwise cause to become outstanding any equity interests of, or grant other rights in, any Rev Entity, or that provide any Person the right to receive any economic benefit or right
similar to the economic benefits and rights accruing to the holders of equity interests in the Rev Entities or (ii) outstanding obligations under any Contract, contingent or otherwise, (A) that require any Rev Entity to repurchase, redeem,
or otherwise acquire any equity interests, interests in capital or profits, or other ownership interests of any Contributor Subsidiary or (B) relating to the voting or transfer of any equity interests of any Contributor Subsidiary other than as
set forth in (1) the Governing Documents of the Contributor Subsidiaries, (2) this Agreement, or (3) any other Transaction Document to which any Contributor Subsidiary is a party. Rev has made available to each Contributor true,
correct and complete copies of the Governing Documents of each Rev Entity as in effect immediately prior to the Closing (including all amendments, restatements, supplements or other modifications thereto). 

4.4 No Assets, Liabilities or Operations. Immediately prior to the Closing, Rev has no assets, Liabilities, or operations of any kind
(other than ownership of its respective Rev Entities or in connection with its formation and the maintenance of its existence under applicable Laws or actions taken for purposes of, relating to, or in respect of consummating, the Transactions). 

4.5 Taxes. For U.S. federal and applicable state Income Tax purposes, each Rev Entity has always prior to the Closing been properly
classified as an entity disregarded from each Contributor, as described in Treasury Regulations Section 301.7701-3(b)(1)(ii) of the Code. 

  

CONTRIBUTION AGREEMENT 
  

17 

 ARTICLE V 

COVENANTS AND OTHER AGREEMENTS 

5.1 Confidential Information. All Confidential Information (which, for purposes of this Section 5.1 includes
this Agreement and each Transaction Document) furnished by or on behalf of a Party to any other Party or its or their Affiliates shall be kept strictly confidential by the recipient and the recipient shall not disclose, and shall cause its
representatives not to disclose, such Confidential Information to any Person other than to representatives of the recipient to the extent necessary in connection with the Transactions. Any Party (as the case may be) upon receipt of prior consent
(which consent shall not be unreasonably withheld, conditioned or delayed), may disclose Confidential Information to any Governmental Entity with jurisdiction to the extent required by Law. The disclosing Party shall seek confidential treatment for
any proprietary information provided to any such Governmental Entity and the disclosing Party shall notify the other Parties as far in advance as practical of its intention to release any such information. Nothing contained here shall prohibit any
recipient’s use of Confidential Information in connection with such recipient’s fund raising efforts, compliance requirements, investor relations (including investor relations with any limited partner of any Contributor that is an
institutional private equity fund), portfolio company management and oversight or regulatory responsibilities, in each case (other than with respect to regulatory requirements), so long as the recipient of such Confidential Information is subject to
customary confidentiality obligations). 
 5.2 Public Announcements. No press release or other public announcement, public statement,
or communication will be made or caused to be made concerning the specified terms of this Agreement or the Transactions, unless approved in advance by the Parties except: 

(a) to the extent necessary to comply with the requirements of (i) applicable Laws or (ii) any listing agreements with securities
exchanges (in which event the disclosing Party will use its commercially reasonable efforts to allow each Contributor reasonable time to comment on (or block or otherwise seek a protective order or other appropriate remedy regarding) such press
release, public announcement, or public statement or communication in advance of its issuance and such press release, public announcement, or public statement or communication will only contain such information that the disclosing Party was required
by applicable Law or listing agreements to disclose); 
 (b) for disclosures by Contributors or any of their Affiliates or any of their
respective limited partners to their current and prospective partners or financing sources or in connection with any private equity fundraising activities, prospective acquisitions after the Closing Date, or reporting activities; or 

(c) for disclosures by the Parties to their respective legal counsel, accountants, financial advisors, or other advisors providing legal, tax,
accounting, estate planning or investment advice. 
 Following the Closing, the Board will determine whether to issue any public announcement, public
statement, or communication concerning this Agreement and the Transactions. 
 5.3 Further Assurances. Each Party will, at its own
cost and expense, at any time and from time to time, upon reasonable request, use its commercially reasonable efforts to (a) do, execute, acknowledge, and deliver, and cause to be done, executed, acknowledged and delivered, all such further
acts, transfers, assignments and documents as may be required to consummate the Transactions in accordance with the terms hereof or the other Transaction Documents and (b) take such other actions as may be reasonably required in order to carry
out the intent of this Agreement or the other Transaction Documents; provided that in no event will any Party be required to take any action which, in the opinion of its counsel, is unlawful or would or could constitute a violation of any Law
or require any additional approval of any Governmental Entity. 

  

CONTRIBUTION AGREEMENT 
  

18 

 5.4 Mutual Releases. 

(a) At the Closing and effective as of the Closing and each applicable Contribution Date, each Contributor, on behalf of itself and its
Affiliates, successors, and permitted assigns, hereby fully and irrevocably releases, acquits, and forever discharges Rev and each of such Contributor’s Contributor Subsidiaries and each of their respective past, present, or future officers,
managers, directors and employees from any and all claims of whatever kind or nature in law, equity, or otherwise, whether known or unknown, and whether or not concealed or hidden, to the extent arising out of or relating to any facts, events, or
circumstances, or any actions taken by Rev, such Contributor or such Contributor’s Contributor Subsidiaries, occurring prior to the applicable Contribution Date or relating to the ownership of any of the equity interests in any such Contributor
Subsidiary prior to the applicable Contribution Date. Notwithstanding the foregoing, no release or waiver is provided with respect to (a) any rights of any Contributor under this Agreement or under any other Transaction Document, (b) the
rights of any Contributor under the A&R Rev LLC Agreement or under any other Governing Documents of any Contributor Subsidiary, (c) Fraud, (d) any rights related to such Contributor or any equity of such Contributor, which will continue to
exist and will not be released hereby or (e) any rights of any director, manager, officer or employee with respect to indemnification, exculpation or advancement of expenses under any relevant Governing Documents, which shall not be modified or
altered by this Section 5.4(a). 
 (b) At the Closing and effective as of the Closing and each applicable
Contribution Date, Rev, on behalf of itself and its Affiliates, successors, and permitted assigns, hereby fully and irrevocably releases, acquits, and forever discharges each Contributor and each of its respective past, present, or future officers,
managers, directors and employees from any and all claims of whatever kind or nature in law, equity, or otherwise, whether known or unknown, and whether or not concealed or hidden, to the extent arising out of or relating to any facts, events, or
circumstances, or any actions taken by such Contributor, occurring prior to the applicable Contribution Date. Notwithstanding the foregoing, no release or waiver is provided to any Contributor with respect to (a) any rights of Rev under this
Agreement or under any other Transaction Document, (b) the rights of Rev under the A&R Rev LLC Agreement or under any other Governing Documents of Rev, (c) Fraud, (d) any rights related to Rev or any equity of Rev, which will continue
to exist and will not be released hereby or (e) any rights of any director, manager, officer or employee with respect to indemnification, exculpation or advancement of expenses under any relevant Governing Documents, which shall not be modified
or altered by this Section 5.4(b). 
 5.5 Tax Matters. 

(a) Tax Returns. Rev will prepare and timely file, or cause to be prepared and timely filed (taking into account duly obtained
extensions), all Tax Returns of each Contributor Subsidiary Pre-Closing Tax Periods required to be filed after the Closing Date in a manner consistent with past practice. With respect to any Income Tax Return
of any Contributor Subsidiary 

  

CONTRIBUTION AGREEMENT 
  

19 

 
for any Pre-Closing Tax Period (each, a “Contributor Subsidiary Income Tax Return”), Rev will provide a draft of each such Contributor
Subsidiary Income Tax Return to each Contributor for its review and comment at least thirty (30) Business Days prior to the due date thereof, such comments to be delivered to Rev by any Contributor within the next fifteen (15) Business
Days following each Contributor’s receipt of such Contributor Subsidiary Income Tax Returns. Rev will, in good faith, take into account and reflect on such Contributor Subsidiary Income Tax Returns any reasonable comments (including proposed
positions, elections, and the treatment of a particular item of income or expense) proposed by each Contributor and so delivered. 
 (b)
Cooperation on Tax Returns and Tax Proceedings. Rev, the Contributors and the Contributor Subsidiaries will (and will cause their Affiliates to) cooperate fully as and to the extent reasonably requested by any other Party in connection with
the filing of Tax Returns and any audit, litigation or other proceeding (each, a “Tax Proceeding”) with respect to Taxes imposed on or with respect to the assets, operations or activities of any Rev Entity. Such cooperation will
include the retention and (upon another Party’s request) the provision of records and information which are reasonably relevant to any such Tax Return or Tax Proceeding and making employees available on a mutually convenient basis to provide
additional information and explanation of any documents reasonably relevant to such Tax Return or Tax Proceeding; provided that in no event will any Contributor or Contributor Subsidiary have any obligation to retain records past the date on
which the applicable statute of limitations for the Tax year remains open. Each Contributor further agrees, upon request, to use commercially reasonable efforts to obtain any certificate or other document from any Taxing Authority or any other
Person as may be necessary to mitigate, reduce, or eliminate any Tax that could be imposed on Rev and each Contributor and Contributor Subsidiary (including with respect to the Transactions). 

(c) Transfer Taxes. In the event that any transfer, sales, use, stamp, registration or other similar Taxes (“Transfer
Taxes”) are due with respect to the Transactions, Rev will be responsible for the payment of any such Transfer Taxes. Rev and each Contributor will (and will cause their Affiliates to) cooperate in good faith to minimize, to the extent
permissible under applicable Law, the amount of any such Transfer Taxes. 
 5.6 Officers’ and
Directors’ Indemnification. For a period of six (6) years after the Closing Date (and such additional period of time as may be necessary to fully and finally resolve any claims for indemnification which have been duly
submitted prior to the six (6) year anniversary of the Closing Date), unless otherwise required by applicable Law, Rev will not, and will cause its Subsidiaries not to, amend, repeal, or modify any provision in any Contributor Subsidiary’s
Governing Documents relating to indemnification, exculpation or advancement of expenses of present and former directors, managers, officers, or employees of any Contributor or Contributor Subsidiary or their predecessors (collectively, the
“D&O Indemnified Parties”), in and to the extent of their capacities as such and not as equityholders, in any manner that would result in such provisions being less favorable to the D&O Indemnified Parties as in effect on
the applicable Contribution Date. Further, Rev will, and will cause its Subsidiaries to, indemnify, and advance expenses to each D&O Indemnified Party, in and to the extent of their capacities as such and not as equityholders, in respect of
actions, omissions or events through the applicable Contribution Date to the extent provided in such Contributor Subsidiary’s Governing Documents. Without limiting the generality of the preceding sentence, if any D&O Indemnified Party
becomes involved in any actual or threatened action, suit, claim, Legal Proceeding or investigation covered by this 

  

CONTRIBUTION AGREEMENT 
  

20 

 
Section 5.6 after the Reference Time, Rev will, and will cause its Subsidiaries to, promptly advance to such D&O Indemnified Party his or her reasonable and
documented legal or other expenses (including the cost of any investigation and preparation incurred in connection therewith) to the extent set forth in such Contributor Subsidiary’s Governing Documents. On and after the Closing, LSP Gen IV or
its Affiliates will maintain director’s and officers’ liability insurance coverage for the directors and officers of each of the Rev Entities and the Contributor Subsidiaries until the earlier of the time when the Board determines to
replace such policies or Rev consummates a Public Offering (as defined in the A&R Rev LLC Agreement). 
 5.7 Offers of
Employment. At the Closing, Rev shall, or shall cause a designee to, employ and assume the employment obligations of each of the employees of LSP Development set forth on Schedule 5.7 (each, a “Management Employee” and
collectively, the “Management Employees”). Each Management Employee who commences employment with Rev or its designee is hereinafter referred to as a “Transferred Employee.” Rev, or at its discretion, its designee,
hereby assumes (x) any and all Liabilities of LSP Development and its Affiliates relating to the Transferred Employees (other than Liabilities pursuant to employee benefit plans maintained, sponsored, or contributed to by LSP Development or any
of its Affiliates) for any periods prior to, on, or following the Closing Date, and (y) all offer letters, employment agreements, or similar agreements between any Transferred Employee, on the one hand, and LSP Development or any of its
Affiliates, on the other hand, in all cases pursuant to clauses (x) and (y) above, effective as of the Closing. The Rev Entities shall indemnify and hold LSP Development and its Affiliates harmless for any Losses incurred by LSP Development or
any of its Affiliates on account of the Liabilities or agreements assumed by Rev or its designee pursuant to this Section 5.7. This Section 5.7 shall be binding upon and inure solely to the benefit
of each of the Parties and their respective successors and permitted assigns, and nothing in this Section 5.7, express or implied, shall confer upon any other Person (including, without limitation, any Management Employee,
any Transferred Employee, or any beneficiaries or covered dependents thereof) any rights, benefits, obligations or remedies of any nature whatsoever under or by reason of this Section 5.7. 

5.8 Credit Support. Promptly after the applicable Contribution Date, Rev shall use commercially reasonable efforts to obtain the
replacement of all Continuing Credit Support applicable to each Contributor (including its Affiliates) in the form required by the recipient benefitting from such Continuing Credit Support. Each Contributor, whether through itself or an Affiliate
thereof, will (i) to the extent permitted under any credit facility and related Contracts, maintain the Continuing Credit Support in accordance with the Contracts under it which issued and subject to the requirements of the recipient
benefitting therefrom, subject to reimbursement in cash by Rev for the actual costs incurred with respect to such Continuing Credit Support, and (ii) provide further Credit Support as may be mutually agreed upon by such Contributor and Rev from
time to time following the applicable Contribution Date in accordance with the provisions of the A&R Rev LLC Agreement, including Sections 3.14 and 3.16 thereof. Rev shall reimburse in cash each Contributor or its applicable
Affiliate providing Credit Support (including Continuing Credit Support) on behalf of the Rev Entities after the applicable Contribution Date for the actual cost of providing such Credit Support and Rev agrees to indemnify, defend and hold harmless
each Contributor or its applicable Affiliates for any Loss incurred based on drawings on such Credit Support (and if the obligation to provide indemnification with respect to the foregoing is insufficient, Rev shall issue a promissory note in form
and substance reasonably satisfactory to such Contributor in order to satisfy its obligations). 

  

CONTRIBUTION AGREEMENT 
  

21 

 ARTICLE VI 

GENERAL 

6.1 Non-Survival. None of the representations, warranties, covenants, and agreements in this
Agreement or any instrument delivered pursuant to this Agreement, including any rights arising out of any breach of such representations, warranties, covenants, and agreements, shall survive the date when made, whether such date is the Closing Date
or a Contribution Date, as applicable, except for (a) those covenants and agreements contained herein that by their terms apply or are to be performed in whole or in part after such date and (b) this Article VI. 

6.2 Notices. All notices, consents, waivers, and other communications under this Agreement must be in writing and will be deemed to
have been duly given when (a) delivered by hand (with written confirmation of receipt), (b) sent by registered or certified mail, return receipt requested, (c) sent by electronic mail (with receipt thereof confirmed by electronic mail by
the applicable recipient(s)), (d) received by the addressee, if sent by a nationally recognized overnight delivery service (receipt requested), or (e) expressly acknowledged by the recipient, in each case to the appropriate addresses or email
addresses set forth below (or to such other addresses or email addresses as a Party may designate by notice to the other Parties): 
 If to
any Rev Entity: 
 1700 Broadway, 38th Floor 

New York, NY 10019 
 Attention:
CEO 
 with copies (which will not constitute notice) to: 

Willkie Farr & Gallagher LLP 

787 Seventh Avenue 
 New York, NY
10019 
 Attention: Adam Turteltaub, Jay Hughes 

If to Bolt Energy: 
 1700
Broadway, 35th Floor 
 New York, NY 10019 

Attention: John Staikos 
 If to
Bolt AIV: 
 1700 Broadway, 35th Floor 

New York, NY 10019 
 Attention:
John Staikos 

  

CONTRIBUTION AGREEMENT 
  

22 

 If to Fund III: 

1700 Broadway, 35th Floor 
 New
York, NY 10019 
 Attention: John Staikos 

If to Fund IV: 
 1700 Broadway,
35th Floor 
 New York, NY 10019 

Attention: John Staikos 
 If to
Gen IV: 
 1700 Broadway, 35th Floor 

New York, NY 10019 
 Attention:
Ron Fischer 
 6.3 Governing Law; Enforcement. THIS AGREEMENT WILL BE GOVERNED, CONSTRUED AND ENFORCED IN ACCORDANCE WITH THE LAWS OF
THE STATE OF DELAWARE, WITHOUT REGARD TO ANY CONFLICTS OF LAWS PRINCIPLES THAT COULD REQUIRE APPLICATION OF THE LAWS OF ANY OTHER STATE. 

6.4 Specific Performance. Each Party acknowledges that the remedies at law of the Parties for a breach or threatened breach of this
Agreement may be inadequate and, in recognition of this fact, any Party, without posting any bond, and in addition to all other remedies that may be available, will be entitled to seek equitable relief in the form of specific performance, a
temporary restraining order, a temporary or permanent injunction or any other equitable remedy that may then be available. Each Party further (a) waives any defense that a remedy at law would be adequate in any action or Legal Proceeding for an
injunction, specific performance and other equitable relief hereunder and (b) agrees that it will not oppose the granting of an injunction, specific performance and other equitable relief, on the terms and subject to the conditions and
limitations set forth herein, on the basis that the other Parties have an adequate remedy at law or equity or an award of specific performance is not an appropriate remedy for any reason at law or in equity. 

6.5 Jurisdiction. Any Legal Proceeding seeking to enforce any provision of, or based on any matter arising out of or in connection
with, this Agreement or the Transactions will be brought and determined in the Court of Chancery in the State of Delaware, or if unavailable for such Legal Proceeding, in the state or federal courts located in the State of Delaware, and each of the
Parties hereby consents to the exclusive jurisdiction of such courts (and of the appropriate appellate courts therefrom) in any such Legal Proceeding and irrevocably waives, to the fullest extent permitted by Law, any objection that it may now or
hereafter have to the laying of venue of any such Legal Proceeding in any such court or that any such Legal Proceeding that is brought in 

  

CONTRIBUTION AGREEMENT 
  

23 

 
any such court has been brought in an inconvenient forum. Process in any such Legal Proceeding may be served on any of the Parties anywhere in the world, whether within or without the
jurisdiction of any such court. Without limiting the foregoing, each Party agrees that service of process on such Party as provided in this Section 6.5 will be deemed effective service of process on such Party. 

6.6 Waiver of Trial by Jury. Each Party hereby waives, to the fullest extent permitted by Law, any right to trial by jury of any claim,
demand, action, or cause of action (a) arising under this Agreement or (b) in any way connected with or related or incidental to the dealings of the Parties in respect of this Agreement or any of the Transactions, in each case whether now
existing or hereafter arising, and whether in contract, tort, equity, or otherwise. Each Party hereby agrees and consents that any such claim, demand, action or cause of action will be decided by court trial without a jury, and that the Parties may
file a copy of this Agreement with any court as written evidence of the consent of the Parties to the waiver of their right to trial by jury. 

6.7 Waiver; Remedies Cumulative. Any Party may (a) extend the time for the performance of any of the obligations or other acts of
any other Party, (b) waive any inaccuracies in the representations and warranties of the other Party contained herein or in any document delivered by the other Party pursuant hereto, or (c) waive compliance with any of the agreements of
the other Party or conditions to such Party’s obligations contained herein. Any such extension or waiver will be valid only if set forth in an instrument in writing signed by the Party to be bound thereby. No failure or delay of any Party to
exercise any right or remedy given such Party under this Agreement or otherwise available to such Party or to insist upon strict compliance by any other Party with its obligations hereunder, and no custom or practice of the Parties in variance with
the terms hereof, will constitute a waiver of any Party’s right to demand exact compliance with the terms hereof, unless such waiver is set forth in writing and executed by such Party. The rights and remedies of the Parties provided herein are
cumulative and not exclusive, and the exercise by any Party of any right or remedy does not preclude the exercise of any other rights or remedies that may now or subsequently be available at Law or in any other agreement between the Parties, or
otherwise. 
 6.8 Entire Agreement; Modification. This Agreement supersedes all prior communications, understandings, and agreements
(written or oral) among the Parties with respect to its subject matter and constitutes (along with the documents referred to herein) a complete and exclusive statement of the terms of the agreement among the Parties with respect to its subject
matter. This Agreement may not be amended except in a writing executed by each of the Parties. 
 6.9 Assignment and Successors; No Third
Party Rights. The rights and obligations of a Party hereunder may not be assigned without the prior written consent of the other Parties, such consent not to be unreasonably withheld, conditioned, or delayed. Subject to the foregoing, this
Agreement will apply to, be binding in all respects upon and inure to the benefit of, the heirs, legal representatives, successors, and permitted assigns of the Parties. Except as set forth in Section 5.6 and
Section 5.7 (with respect to LSP Development and its Affiliates), nothing expressed or referred to herein will be construed to give any Person other than the Parties and their successors and permitted assigns any legal or
equitable right, remedy, or claim under or with respect to this Agreement or any provision of this Agreement. This Agreement and all of its provisions and conditions are for the sole and exclusive benefit of the Parties and their successors and
permitted assigns. 

  

CONTRIBUTION AGREEMENT 
  

24 

 6.10 Severability. If any provision of this Agreement, or the application of any
provision hereof to any Party or circumstance, is held to be illegal, invalid or unenforceable, such provision or the application of such provision, as the case may be, will be fully severable, and the application of the remainder of such provision
to such Party or circumstance, the application of such provision to other Parties or circumstances, and the remainder of this Agreement will remain in full force and effect and will not be affected by the illegal, invalid, or unenforceable provision
or application of such provision, as the case may be, or by its severance from this Agreement. Furthermore, in lieu of such illegal, invalid, or unenforceable provision or application of such provision, there will be added automatically as a part of
this Agreement a provision as similar in its terms to such illegal, invalid, or unenforceable provision as may be possible and be legal, valid, and enforceable. 

6.11 Delivery by Electronic Mail. This Agreement and any signed agreement entered into in connection herewith or contemplated
hereby, and any amendments hereto or thereto, to the extent signed and delivered by means of scanned pages via electronic mail, will be treated in all manner and respect as an original contract and will be considered to have the same binding legal
effects as if it were the original signed version thereof delivered in person. At the request of any Party, each of the other Parties will re-execute original forms thereof and deliver them to all other
Parties. No Party will raise the use of electronic mail to deliver a signature or the fact that any signature or contract was transmitted or communicated through the use of electronic mail as a defense to the formation of a contract and each such
Party forever waives any such defense. This Agreement is not binding unless and until signature pages are executed and delivered by each Party. 

6.12 Counterparts. This Agreement may be executed in one or more counterparts via original or any electronic means (including .pdf
format and DocuSign), each of which will be deemed to be an original copy of this Agreement and all of which, when taken together, will be deemed to constitute one and the same agreement. 

6.13 Transaction Expenses. Each Contributor shall bear, in accordance with the proportionate amount of Rev Units it holds in Rev
following the Closing (as adjusted pursuant to Section 2.4), responsibility for all of the costs and expenses of Rev and each Contributor in connection with the Transaction Documents and the Transactions, including the fees
and expenses of such Party’s legal counsel and other consultants and advisors in connection with any Transaction Document, except as may otherwise be provided therein. 

6.14 Captions. The captions contained in this Agreement are for convenience and reference only and in no way define, describe, extend,
or limit the scope or intent of this Agreement or in the intent of any provisions contained herein. 
 6.15 Waiver of Conflicts.
Recognizing that Willkie Farr & Gallagher LLP (“Willkie”) has acted as legal counsel to Rev, LSP Gen IV, and certain Affiliates thereof, including each of the Contributors and the Contributor Subsidiaries (collectively, the
“LS Power Entities”) prior to the Closing, and that, from time to time, Willkie intends to act as legal counsel to the LS Power Entities, the Rev Entities and their respective Affiliates, including certain of the Contributors and

  

CONTRIBUTION AGREEMENT 
  

25 

 
the Contributor Subsidiaries, after the Closing, each of the Parties (including on behalf of their respective Affiliates) hereby waive, on their own behalf and agree to cause their Affiliates to
waive, any conflicts that may arise in connection with such representations by Willkie (including with respect to any disputes arising out of this Agreement or the other Transaction Documents or the transactions contemplated hereby or thereby). In
addition, all communications involving attorney-client confidences between the LS Power Entities and their respective Affiliates (including the Contributors) prior to the Closing, including in the course of the negotiation, documentation and
consummation of the Transactions, will be deemed to be work product or attorney-client privileges or confidences that belong solely to the LS Power Entities and their Affiliates (other than Rev and the Contributor Subsidiaries). 

[Signature pages follow.] 

  

CONTRIBUTION AGREEMENT 
  

26 

 IN WITNESS WHEREOF, the
undersigned have executed this Agreement to be effective as of the Closing Date. 
  

			
	REV:
	
	REV RENEWABLES, LLC
		
	By:	 	/s/ Joseph Esteves

 
			
	Name:	 	Joseph Esteves
	Title:	 	Co-President

 [SIGNATURE PAGE TO CONTRIBUTION
AGREEMENT] 

 
			
	BOLT ENERGY:
	
	BOLT ENERGY INVESTMENT HOLDINGS, LLC
		
	By:	 	/s/ Richard Roloff
	Name:	 	Richard Roloff
	Title:	 	Managing Director
	
	BOLT AIV:
	
	REV RENEWABLES BOLT AIV HOLDINGS, LLC
		
	By:	 	/s/ Joseph Esteves
	Name:	 	Joseph Esteves
	Title:	 	Co-President
	
	FUND III:
	
	REV RENEWABLES FUND III HOLDINGS, LLC
		
	By:	 	/s/ John P. Burke
	Name:	 	John P. Burke
	Title:	 	Managing Director
	
	FUND IV:
	
	REV RENEWABLES FUND IV AIV HOLDINGS, LLC
		
	By:	 	/s/ Richard Roloff
	Name:	 	Richard Roloff
	Title:	 	Managing Director

  

[SIGNATURE PAGE TO CONTRIBUTION AGREEMENT] 

 
			
	GEN IV:
	
	REV GEN IV HOLDINGS, LLC
		
	By:	 	/s/ John P. Burke
	Name:	 	John P. Burke
	Title:	 	Managing Director

 [SIGNATURE PAGE TO CONTRIBUTION
AGREEMENT] 

 EXHIBIT A 

DEFINITIONS 

“Affiliate” means, with respect to an entity, any other entity controlling, controlled by, or under common control with such
entity. As used in this definition, the term “control,” including the correlative terms “controlling,” “controlled by,” and “under common control with,” means the possession, directly or indirectly, of the
power to direct or cause the direction of the management or policies of an entity, whether through ownership of voting securities, by contract, or otherwise. 

“Board” means the “Board” as defined in the A&R Rev LLC Agreement. 

“Bolt AIV Instrument of Contribution and Issuance” means that certain Instrument of Contribution and Issuance, dated as of
the Closing Date, as may be updated for applicable contributions on a Contribution Date following the Closing Date, by and between Bolt AIV and Rev, in substantially the form attached hereto as Exhibit D, issuing to Bolt AIV the Bolt AIV Rev
Units in exchange for the Bolt AIV Cash Contribution Amount. 
 “Bolt Energy Assignment Agreement” means that certain
Instrument of Assignment, Contribution and Issuance, dated as of the Closing Date, as may be updated for applicable contributions on a Contribution Date following the Closing Date, by and between Bolt Energy and Rev, in substantially the form
attached hereto as Exhibit E, assigning to Rev the Bolt Energy Contributed Interests, which along with the Bolt Energy Cash Contribution Amount, shall be in exchange for the issuance of the Bolt Energy Rev Units. 

“Bolt Energy Contributor Subsidiary” means each Subsidiary of Bolt Energy identified on
Schedule 1.1(a). 
 “Business Day” means any day other than a Saturday, a Sunday, or a day on
which banks in New York, NY are authorized or required by law to be closed. 
 “Code” means the Internal Revenue Code of
1986, as amended, or any amending or superseding Tax Laws of the U.S. 
 “Confidential Information” means any information
which is currently held by any of the Contributors, the Contributor Subsidiaries or Rev or is hereafter acquired, developed or used by any of them relating to business opportunities or other operational, economic, financial, management or other
aspects of the business, operations, properties or prospects of any Contributor, Contributor Subsidiary or Rev, whether oral or in written form; provided, in each case Confidential Information does not include (i) information which is or
becomes generally available to the public other than as a result of a disclosure that is known to be in violation of this Agreement, (ii) information made available to any Party on a non-confidential
basis from a Person other than any other Party or any of their representatives or (iii) information that is independently developed without reference to or use of any Confidential Information or violating any obligations hereunder. 

“Consent” means any approval, consent, ratification, waiver, or other authorization. 

  
 EXHIBIT
A 

 “Continuing Credit Support” means the Credit Support that will remain in
place after the applicable Contribution Date of each applicable Contributor Subsidiary. 
 “Contract” means any contract,
commitment, lease, license, mortgage, bond, note, or other instrument evidencing indebtedness, or other legally binding agreement, and all amendments thereof (but excluding purchase orders, statements of work, and service orders entered into in the
Ordinary Course of Business). 
 “Contribution Date” means the Closing Date or any subsequent date on which a Contributor
actually contributes Rev Contributed Assets, the estimated dates of which are set forth on the Equity Value Model. 
 “Contributor
Assignment Agreements” means, collectively, the Bolt Energy Assignment Agreement, the Bolt AIV Instrument of Contribution and Issuance, the Fund III Assignment Agreement, the Fund IV Assignment Agreement, the Gen IV Assignment Agreement and
any other assignment of membership interests (or other similar agreement or instrument) entered into by and between Rev and any Contributor or Contributor Subsidiary in connection with this Agreement, in each case as may be updated for applicable
contributions made by the applicable Contributor on a Contribution Date following the Closing Date. 
 “Contributor
Subsidiary” means, as applicable, a Bolt Energy Contributor Subsidiary, Fund III Contributor Subsidiary, Fund IV Contributor Subsidiary or Gen IV Contributor Subsidiary. 

“Contributor Subsidiary Accrued Income Taxes” means an amount (not less than zero (0)) equal to all accrued but unpaid Income
Tax Liabilities of the Contributor Subsidiaries attributable to any Pre-Closing Tax Period that ends on the Closing Date or any other Pre-Closing Tax Period ending
during the calendar year that includes the Closing Date for which Income Taxes are due and payable following the Closing Date, in each case in respect of solely those jurisdictions in which the Contributor Subsidiaries, as applicable, are currently
filing Tax Returns for Income Taxes; provided that the calculation of Contributor Subsidiary Accrued Income Taxes will (a) be prepared in accordance with the past practices (including any reporting positions and accounting methods) of
any Contributor Subsidiary in preparing Tax Returns for Income Taxes, (b) exclude (i) any deferred Tax liabilities (including any such Tax Liabilities in respect of deferred revenue) and deferred Tax assets, (ii) any Liabilities in respect
of any speculative or contingent Liabilities for Taxes, and (iii) any Income Tax Liabilities resulting from actions taken by any Rev Entity on the Closing Date after the Closing (or which is effective on the Closing Date after the Closing)
outside the Ordinary Course of Business or in connection with financing the Transactions, (c) include estimated (or other prepaid) Income Tax payments and any overpayments of Income Taxes, net operating losses, disqualified interest deductions,
Income Tax credits, Income Tax amortization, and other, similar Income Tax assets, deductions, or offsets with respect to any Pre-Closing Tax Period and (d) in the case of any Straddle Period, be
determined as if the applicable Tax period ended as of the end of the date that the equity of the applicable entity was contributed to the Company. 

  
 EXHIBIT
A 

 “Contributor Subsidiary Indebtedness” means, with respect to any
Contributor Subsidiary as of any time of determination, without duplication (a) all obligations for borrowed money and any accrued interest or prepayment premiums related thereto, (b) all obligations evidenced by bonds, debentures, notes,
or similar instruments (including any letter of credit, surety bond, banker’s acceptance, or similar reimbursement agreement or other related long-term GAAP Liabilities other than any such standby letter of credit securing the payment or
performance of any obligation of any Contributor Subsidiary), (c) all obligations to pay the deferred purchase price of property or services (excluding trade accounts payable arising in the Ordinary Course of Business), including earn-outs,
(d) all obligations under leases required to be capitalized in accordance with GAAP, (e) all obligations under any interest rate swap agreements, or interest rate hedge agreements to which any Contributor Subsidiary is party,
(f) Credit Support and all obligations (other than standby obligations) under any direct or indirect guaranties in respect of, or obligations (contingent or otherwise) to assure a creditor against Loss in respect of, indebtedness for borrowed
money or obligations of others of the kinds referred to in clauses (a) through (e) above, (g) all obligations of the kinds referred to in clauses (a) through (f) above of other Persons secured by any Lien on any property or asset of
any Contributor Subsidiary, (h) all underfunded or unfunded deferred compensation or pension obligations, (i) all investment banking fees of any financial advisor to any Contributor Subsidiary in connection with the Transactions,
(j) all employer obligations with respect to any payroll, social security, unemployment, or other Taxes required to be paid in connection therewith and (k) all Contributor Subsidiary Accrued Income Taxes. Notwithstanding the foregoing,
Contributor Subsidiary Indebtedness will not include any (i) Credit Support, (ii) intercompany accounts, intercompany payables or intercompany loans of any kind or nature that, in each case with respect to items (i) and (ii) of this
sentence are (A) cancelled or extinguished at the applicable Contribution Date without obligation or Liability to any Contributor Subsidiary, or (B) solely between any Contributor Subsidiaries, and (iii) any indebtedness arranged by
Rev. 
 “Credit Support” means, with respect to any Contributor Subsidiary, collectively, the letters of credit, cash
deposits (including escrow deposits), surety bonds, security interest grants, guaranties and other forms of credit support, in each case posted by the applicable Contributor Subsidiary or its Affiliates with unaffiliated third parties for the
benefit of such Contributor Subsidiary. 
 “Development Project Expenses” means regardless of when actually paid, the out-of-pocket costs, fees and expenses incurred, expended or accrued on behalf of, with respect to or for the benefit of any Gen IV Contributor Subsidiary including with
respect to any development, planning, permitting, construction, financing, use, direct or indirect ownership (as applicable), leasing, operation and/or maintenance activities or tasks. 

“Employee Benefit Plan” means each “employee benefit plan” within the meaning of Section 3(3) of ERISA and all
other compensation and benefits plans, policies, programs, arrangements, or payroll practices, including multiemployer plans within the meaning of Section 3(37) of ERISA, and each other stock purchase, stock option, restricted stock, severance,
retention, employment, consulting, change-of-control, collective bargaining, bonus, incentive, deferred compensation, employee loan, fringe benefit, and other benefit
plan, agreement, program, policy, commitment or other arrangement, whether or not subject to ERISA (including any related funding mechanism now in effect or required in the future), whether formal or informal, oral or written, in each case, that is
sponsored, maintained, contributed or required to be contributed to by any Contributor or Contributor Subsidiary, or under which any Contributor or Contributor Subsidiary has any current or potential Liability. 

  
 EXHIBIT
A 

 “Environmental Claim” means any action, cause of action, claim, suit,
proceeding, investigation, Order, demand, or notice by any Person alleging Liability (including Liability for investigatory costs, governmental response costs, remediation or clean-up costs, natural resources
damages, property damages, personal injuries, attorneys’ fees, fines, or penalties) arising out of, based on, resulting from, or related to (a) the presence, Release, or threatened Release of, or exposure to any Hazardous Materials,
(b) circumstances forming the basis of any violation, or alleged violation, of any Environmental Law or (c) any other matters for which liability is imposed under Environmental Laws. 

“Environmental Laws” means any applicable Law relating to (i) the protection of the natural environment, including
natural resources, (ii) the protection of human health and safety as it pertains to exposure to Hazardous Materials, (iii) the manufacture, registration, distribution, formulation, packaging, or labeling of Hazardous Materials or products
containing Hazardous Materials or (iv) the handling, use, presence, generation, treatment, storage, disposal, Release, or threatened Release of, or exposure to any Hazardous Materials. 

“Environmental Permit” means any Permit or other similar form of authorization required or issued by any Governmental Entity
under or in connection with any Environmental Law, including any and all Orders, consent orders or binding agreements issued by or entered into with a Governmental Entity under any applicable Environmental Law. 

“Equity Value Model” means the model attached as Annex I used by each Contributor and Rev to calculate the number of
Rev Units issued to each Contributor, following the adjustments set forth in Section 2.4 (if any) and showing the estimated Contribution Date for each of the Rev Contributed Assets. 

“ERISA” means the Employee Retirement Income Security Act of 1974, as amended. 

“Facility” means each of the energy storage and renewable energy projects or other facilities and related infrastructure
owned or being developed by a Contributor Subsidiary. 
 “Facility Assets” means, with respect to any Facility and the
related Contributor Subsidiary, all assets related to such Facility held by such Contributor Subsidiary, including the following: 
 (a) all
Contracts, including transmission agreements, interconnection agreements, and hedging, power purchase agreements, and other offtake agreements entered into in connection with the development, planning, permitting, construction, financing, use,
direct or indirect ownership, leasing, operation or maintenance of a Facility; 
 (b) all Permits or renewals thereof pertaining to a
Facility; 
 (c) all books, records files, documents and other records material to the business of the Contributor Subsidiary; 

  
 EXHIBIT
A 

 (d) all of the tangible and intangible rights and personal property material to the
Facility, including such rights and personal property pertaining to the development, planning, permitting, construction, financing, use, direct or indirect ownership, leasing, operation, or maintenance of a Facility; 

(e) all insurance benefits, including claims, rights and proceeds, arising from or relating to the Facilities prior to the applicable
Contribution Date; 
 (f) all buildings, structures, fixtures, additions, enlargements, extensions, modifications, repairs, replacements,
and improvements located on the Facility sites; 
 (g) all right, title and interest of such Contributor Subsidiary in and to its real
property; 
 (h) all claims against third parties relating to the Facilities, whether choate or inchoate, known or unknown, contingent or non-contingent; 
 (i) all rights relating to transmission credits, warranty, or damage payments related
to the Facility, including deposits and prepaid expenses, claims for refunds of utility charges and rights to offset in respect thereof; and 

(j) all solar, wind and related data including meteorological studies, wind studies, system impact studies, facility studies, rights-of way studies, environmental studies, permitting studies, geotechnical studies, and market studies. 

“Fraud” means actual (as opposed to constructive) common law fraud (under the Laws of the State of Delaware) committed by any
Party with the intent of inducing another Party to enter into this Agreement and upon which such other Party has reasonably relied. For the avoidance of doubt, Fraud does not include constructive fraud or other claims based on constructive
knowledge, negligence, recklessness, equitable fraud, or similar theories. 
 “Fund III Assignment Agreement” means that
certain Instrument of Assignment, Contribution and Issuance, dated as of the Closing Date, as may be updated for applicable contributions on a Contribution Date following the Closing Date, by and between Fund III and Rev, in substantially the form
attached hereto as Exhibit F, and assigning to Rev the Fund III Contributed Interests in exchange for the issuance of the Fund III Rev Units. 

“Fund III Contributor Subsidiary” means each Subsidiary of Fund III identified on Schedule 1.1(a).

 “Fund III Retained Assets” means cash totaling approximately Seven Million Dollars ($7,000,000.00) with respect to Bath
County Energy Holdings, LLC and Yards Creek Energy Holdings, LLC, each of which is a Fund III Contributor Subsidiary, representing earnings on or prior to the Reference Time held in a controlled account but which were unable to be distributed prior
to the applicable Contribution Date to Fund III and its Affiliates. 

  
 EXHIBIT
A 

 “Fund IV Assignment Agreement” means that certain Instrument of Assignment,
Contribution and Issuance, dated as of the Closing Date, as may be updated for applicable contributions on a Contribution Date following the Closing Date, by and between Fund IV and Rev, in substantially the form attached hereto as Exhibit G,
and assigning to Rev the Fund IV Contributed Interests, which along with the Fund IV Cash Contribution Amount, shall be in exchange for the issuance of the Fund IV Rev Units. 

“Fund IV Contributor Subsidiary” means each Subsidiary of Fund IV identified on Schedule 1.1(a).

 “GAAP” means generally accepted accounting principles in the U.S. as promulgated by the Financial Accounting Standards
Board, or its predecessors or successors, as of the date of the statement to which such term refers. 
 “Gen IV Assignment
Agreement” means that certain Instrument of Assignment, Contribution and Issuance, dated as of the Closing Date, as may be updated for applicable contributions on a Contribution Date following the Closing Date, by and between Gen IV and
Rev, in substantially the form attached hereto as Exhibit H, and assigning to Rev the Gen IV Contributed Interests in exchange for the issuance of the Gen IV Rev Units. 

“Gen IV Contributor Subsidiary” means each Subsidiary of Gen IV identified on Schedule 1.1(a). 

“Governing Documents” means (a) in the case of a Person that is a corporation, its articles or certificate of
incorporation and its bylaws, regulations or similar governing instruments required by the Laws of its jurisdiction of formation or organization; (b) in the case of a Person that is a partnership, its articles or certificate of partnership,
formation or association, and its partnership agreement (in each case, limited, limited liability, general or otherwise); (c) in the case of a Person that is a limited liability company, its articles or certificate of formation or organization, and
its limited liability company agreement or operating agreement; (d) in the case of a Person that is a trust, its declaration of trust, trust agreement, certificates of ownership or similar governing instruments required by the Laws of its
jurisdiction of formation; and (e) in the case of a Person that is none of a corporation, partnership, limited liability company, trust or natural Person, its governing instruments as required or contemplated by the Laws of its jurisdiction of
organization. 
 “Governmental Entity” means any court, governmental department, commission, council, board, agency, bureau
or other instrumentality of the U.S., any foreign jurisdiction, or any foreign or domestic federal, state, provincial, county, municipality, or local governmental unit thereof, including any Taxing Authority. 

“Hazardous Material” means any chemicals, materials, wastes or substances defined as or included in the definition of
“hazardous substances,” “hazardous wastes,” “hazardous materials,” “hazardous constituents,” “restricted hazardous materials,” “extremely hazardous substances,” “toxic
substances,” “contaminants,” “pollutants,” or “toxic pollutants,” under, or for which liability or standards of conduct may be imposed pursuant to, any Environmental Law, including petroleum or petroleum by-products, asbestos or asbestos-containing materials or products, greenhouse gases, per- and polyfluoroalkyl substances, polychlorinated biphenyls (PCBs) or materials
containing same, lead or lead-based paints or materials, radon, fungus, mold in quantities or concentrations that may adversely affect human health or materially affect the value or utility of the building(s) in which it is present, or other
substances that may have an adverse effect on human health or the environment. 

  
 EXHIBIT
A 

 “Income Tax” means any Tax (however denominated) imposed on or measured by
reference to overall gross or net income or receipts, including franchise and withholding Taxes imposed in lieu of Taxes denominated as “income taxes,” and any such Taxes paid with composite state or local Tax Returns. 

“Income Tax Return” means all Tax Returns filed or required to be filed with any Taxing Authority with respect to Income
Taxes. 
 “Intellectual Property” means all intellectual property and proprietary rights, and applications with respect
thereto, including (a) patents and patent applications, (b) trademarks, service marks, trade dress, logos, Internet domain names, trade names and corporate names, whether registered or unregistered, and the goodwill associated therewith,
together with any registrations and applications for registration thereof, (c) copyrights and rights under copyrights, whether registered or unregistered, and any registrations and applications for registration thereof, (d) trade secrets
and other rights in know-how and confidential or proprietary information, including any technical data, specifications, techniques, inventions and discoveries, in each case, to the extent that it qualifies as
a trade secret under applicable Law, and (e) all other intellectual property rights recognized by applicable Law. 

“IRS” means the U.S. Internal Revenue Service or any successor agency. 

“Knowledge” means, with respect to each Contributor, the actual knowledge of its senior officers. 

“Laws” means any law, statute, rule, regulation, ordinance, and other pronouncement having the effect of law of the U.S., any
foreign country or any domestic or foreign state, province, county, city or other political subdivision or of any Governmental Entity. 

“Legal Proceeding” means any judicial, administrative or arbitral actions, suits, hearings,
non-routine inquiries, disputes, charges, non-routine investigations, administrative proceedings, condemnation, or eminent domain proceedings with respect to any real
property, grievances or formal complaints or other proceedings (public or private) commenced, brought, conducted or heard before, or otherwise involving, any Governmental Entity or arbitrator having jurisdiction over a Person or the business,
assets, properties, or operations of such Person. 
 “Liability” or “Liabilities” means any and all debts,
liabilities and obligations of any nature whatsoever, whether accrued or fixed, absolute or contingent, mature or unmatured, known or unknown or determined or indeterminable. 

“Lien” means any mortgage, deed of trust, security instrument, lien, pledge, hypothecation, charge, security interest, claim,
contractual restriction, encumbrance, easement, right-of-way, option, purchase right, right of first refusal, right of first offer, conditional sale, or other title
retention agreement, or any other covenant, condition, or other similar restriction (including restrictions on transfer, other than licenses to Intellectual Property); provided that with respect to any equity interests, “Liens” will
not include any restriction imposed by or arising from any federal or state securities Laws. 

  
 EXHIBIT
A 

 “Loss” means any Liability, loss, damage, deficiency, assessment, judgment,
penalty, cost, expense, insurance premium increase, judgment, payment, assessment, fine, penalty, interest, or cost of settlement, including costs of investigation and defense, court costs, and reasonable fees of attorneys, accountants and experts
or other reasonable expenses of litigation or other Legal Proceeding. 
 “Material Adverse Effect” means any material
adverse change, effect or development that is materially adverse to the financial condition, assets or operations of a Contributed Entity and its Contributor Subsidiaries, taken as a whole, other than changes, effects, or developments arising out of
or resulting from (a) changes in conditions in the economy or capital or financial markets, securities markets, insurance markets, or commodities markets, including changes in interest or exchange rates, (b) changes in legal, regulatory,
political, economic or business conditions or changes in GAAP or other applicable accounting standards, including any change or development resulting from the action or inaction of a Governmental Entity, (c) the pendency of, negotiation,
execution, announcement, performance of, or consummation of the Transactions, (d) acts of war, sabotage or terrorism, or any escalation or worsening of any such acts of war, sabotage or terrorism threatened or underway, (e) earthquakes or
other natural disasters, (f) changes in wholesale or retail markets for electric power or fuel, or national, regional or local electric transmission systems or operations thereof in connection with the Facilities, (g) changes generally
affecting the industries in which the Contributor Subsidiaries operate, including the electric and power generation industry in general, including the solar, wind, renewable, hydroelectric, biofuel, pumped storage hydro and battery energy industry
and their operations or operators, (h) any strike, work stoppage, lockout, or other labor disturbance, or (i) any epidemic, pandemic, or disease outbreak (including the Covid-19 virus) or other
health crisis or public health event, or any response thereto by any Governmental Entity, including the imposition of any “lockdowns,” stay-at-home or shelter-in-place orders, curfews, restrictions or similar measures. 

“Order” means any award, decision, injunction, judgment, order, ruling, subpoena, or verdict entered, issued, made, or
rendered by any court, administrative agency, or other Governmental Entity or by any arbitrator having jurisdiction over such Person or the business, assets, properties, or operations of such Person. 

“Ordinary Course of Business” means, with respect to any Person, actions that are consistent with the past practices of such
Person, taken in the ordinary course of the normal day-to-day operations of such Person. 

“Permits” means, with respect to operations of any Contributor Subsidiary, all permits (including conditional use permits,
special use permits and Environmental Permits), licenses, approvals, Consents, waivers, exemptions, variances, franchises, registrations, Orders, judgments, decrees, certifications, submissions, filings, tariffs, rates, plans and other
authorizations issued by or filed with any Governmental Entity under any Law. 

  
 EXHIBIT
A 

 “Permitted Liens” means (a) statutory Liens for Taxes, assessments and
other charges by Governmental Entities that are not yet due and payable or the validity of which is being contested in good faith by appropriate proceedings, and for which adequate reserves have been established; (b) statutory Liens of
landlords, carriers, warehousemen, mechanics, and materialmen incurred in the Ordinary Course of Business for sums not yet due and payable or the validity of which is being contested in good faith by appropriate proceedings, and for which adequate
reserves have been established; (c) Liens incurred or deposits made in the Ordinary Course of Business in connection with workers’ compensation, unemployment insurance, and other types of social security or to secure the performance of
tenders, statutory obligations, surety, and appeal bonds, bids, leases, government Contracts, performance and return of money bonds, and similar obligations; (d) applicable easements, rights of way, zoning, building codes, and other land use
Laws regulating the use or occupancy of any real property or the activities conducted thereon which are imposed by any Governmental Entity having jurisdiction thereover, which do not, individually or in the aggregate, materially detract from the
value or impair the present and continued use, operation, and maintenance of any real property subject thereto; (e) a lessor’s interest in, and any Lien on or affecting a lessor’s interest in, any Contributor Subsidiary’s Real
Property; (f) any Lien arising under Contracts (including pursuant to Principal Facility Documents) and equipment leases with Third Parties entered into in the Ordinary Course of Business; (g) Liens as may be set forth in the respective
Governing Documents of a Contributor Subsidiary; or (h) Liens set forth on Schedule 1.1(b). 
 “Person” means
any individual, partnership, corporation, association, limited liability company, joint stock company, a trust, joint venture, firm, association, unincorporated organization, Governmental Entity, or other entity. 

“Pre-Closing Tax Period” means any Tax period ending on or before the Closing Date
and the portion of any Straddle Period ending on and including the Closing Date. 
 “Principal Facility Documents” means,
with respect to each Contributor Subsidiary, the following types of Contracts to which such Contributor Subsidiary is a party: (a) any interconnection or transmission-related agreements for interconnection or transmission of or from a Facility
or governing or controlling the provision of electrical interconnection service; (b) any Contract that provides for or governs the sale of electricity and/or environmental attributes; (c) the principal Contract(s) for engineering,
procurement, construction, balance of plant, supply, management, operation, administration or maintenance of all or a material portion of a Facility which are not expired by their terms; (d) any Contract relating to Contributor Subsidiary
Indebtedness; (e) any Contract which is reasonably expected to involve material future Liabilities, payments or receipts; (f) Contracts regarding acquisitions, dispositions or financing (including tax equity financing) of material Facility
Assets of a Contributor Subsidiary; (g) Contracts pursuant to which any Contributor Subsidiary has sold or issued equity interests; (h) Contracts entered into at any time since January 1, 2021 that settle any Legal Proceeding;
(i) Contracts requiring the provision of Credit Support; and (j) any collective bargaining, works council, shop, enterprise, or recognition Contracts with any labor union, trade union, association of trade unions, works council, or health
and safety committee; provided that in all cases with respect to each item set forth in (a)-(j) above that such Contract is material to each applicable Contributor. 

“Real Property” means all parcels of land in which any Contributor Subsidiary holds a fee, leasehold, or easement interest.

  
 EXHIBIT
A 

 “Reference Time” means 11:59 p.m. New York, New York, Time on June 30,
2021. 
 “Release” means any release, spill, emission, discharge, escape, emptying, leaking, dumping, pumping, pouring,
injection, deposit, disposal, dispersal, leaching, or migration into the indoor or outdoor environment or into or out of any property, including the movement of Hazardous Materials through or in the air, soil, surface water, groundwater or property.

 “Replacement Credit Support” means, collectively, the Credit Support replaced by Rev on or prior to the Contribution
Date for each applicable Contributor Subsidiary. 
 “Rev Contributed Interests” means, collectively, the Bolt Energy
Contributed Interests, the Fund III Contributed Interests, the Fund IV Contributed Interests and the Gen IV Contributed Interests. 

“Rev Unit” means a “Class A Common Unit” of Rev as defined in the A&R Rev LLC Agreement. 

“Securities Act” means the Securities Act of 1933, as amended. 

“Straddle Period” means any Tax period beginning on or before and ending after the Closing Date. 

“Subsidiary” means, of a specified Person, any corporation, partnership, limited liability company, limited liability
partnership, joint venture or other legal entity of which the specified Person (either alone, through or together with any other Subsidiary) owns, directly or indirectly, more than fifty percent (50%) of the voting stock or other equity interest
generally permitting the holders thereof to vote for the election of the board of directors or other governing body of such legal entity, or of which the specified Person controls the management. 

“Tax” or “Taxes” means (a) any taxes, assessments, fees, unclaimed property, and escheat obligations
and other governmental charges imposed by any Governmental Entity, including income, profits, gross receipts, net proceeds, alternative or add-on minimum, ad valorem, value added, turnover, sales, use,
property, personal property (tangible and intangible), environmental, stamp, leasing, lease, user, excise, duty, franchise, capital stock, transfer, registration, license, withholding, social security (or similar), unemployment, disability, payroll,
employment, social contributions, fuel, excess profits, occupational, premium, windfall profits, severance, estimated, or other charge of any kind whatsoever, including any interest, penalty, or addition thereto, whether disputed or not;
(b) any Liability for the payment of any amounts of the type described in clause (a) as a result of being a member of an affiliated, combined, consolidated, unitary or similar group with respect to any Taxes for any period; and
(c) any Liability of or for the payment of any amounts of the type described in clause (a) or (b) as a result of the operation of law or any express or implied obligation to indemnify any other Person. 

“Taxing Authority” means any Governmental Entity exercising (or purporting to exercise) any authority with respect to any
Tax. 

  
 EXHIBIT
A 

 “Tax Return” means any return, declaration, report, claim for refund, or
information return or statement relating to Taxes, including any schedule or attachment thereto, and including any amendment thereof. 

“Third Party” means any Person other than any Party and its respective Affiliates. 

“Transaction Documents” means, collectively, this Agreement, together with all schedules, exhibits, attachments, and
appendices hereto and thereto. 

  
 EXHIBIT
A

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