Document:

Exhibit 10.4

 

Five
Star Bancorp 2021 Equity Incentive Plan

 

Section
1.              Purpose

This 2021 Equity Incentive
Plan for Five Star Bancorp has two complementary purposes: (1) to help Five Star Bancorp, a California corporation (the “Company”),
Five Star Bank (the “Bank”) and its Affiliates retain, attract, and motivate outstanding individuals
to serve as officers, employees, Directors, consultants, and other service providers, and (2) to align the interests of the Plan’s
Participants with the interests of the Company’s shareholders.

Section
2.              Definitions

For purposes of the Plan,
capitalized terms have the meaning provided below, or, if not provided below, as provided elsewhere in the Plan:

“Affiliate”
means (a) any Subsidiary or Parent, or (b) an entity that directly or through one or more intermediaries controls, is controlled
by, or is under common control with, the Company. The term Affiliate shall include the Bank.

“Award”
means an award that is granted under the Plan.

“Award
Agreement” means a written agreement evidencing the grant of an Award.

“Award
Cycle” means a period of consecutive fiscal years, or portions thereof, over which Performance Awards are to be
earned.

“Board”
means the Board of Directors of the Company.

“Change
in Control” means, except as provided in Section 14(k)(5), the earliest to occur of the following events:

(a)       An
individual, entity or group (as defined in Section 13(d) and 14(d) of the Exchange Act) (excluding any employee benefit plan or
trust maintained by the Company or its Affiliate) acquires ownership of fifty percent (50%) or more of the total fair market value
or total voting power of the Company’s then outstanding voting securities.

(b)       During
any twelve-month period, individuals who constitute the Board at the beginning of the twelve-month period cease for any reason
to constitute at least a majority of the Board; provided that for purposes of this clause (b), each Director who is
first elected by the Board (or first nominated by the Board for election by the stockholders) by a vote of at least a majority
of the Directors who were Directors at the beginning of the twelve-month period shall be deemed to have also been a Director at
the beginning of such period; or

 

 

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(c)       A
person or a group acquires, during any twelve-month period, assets of the corporation having a total gross fair market value equal
to more than forty percent of the total gross fair market value of all of the Company’s assets. For purpose of this paragraph,
a transfer of assets by the Company is not treated as a Change in Control if the assets are transferred to (1) an entity that
is controlled by the shareholders of the Company immediately after the transfer; or (2) an entity, fifty percent or more of the
total value or voting power of which is owned, directly or indirectly, by the Company.

“Code”
means the Internal Revenue Code of 1986, as amended, and any successor thereto.

“Committee”
means the Committee described in Section 3.

“Common
Stock” means common stock, par value $0.0 per share, of the Company and such other securities of the Company as
may be substituted for Common Stock under the terms of the Plan.

“Company”
has the meaning set forth in Section 1.

“Consultant”
means any natural person, including an advisor engaged by the Company or an Affiliate to render consulting or advisory services
(other than an employee or a Director, solely with respect to rendering services in such person’s capacity as a Director),
and who is compensated for such services, provided that such services are not in connection with the offer or sale of securities
in a capital-raising transaction and do not directly or indirectly promote or maintain a market for the Company’s securities.

“Director”
means a member of the Board.

“Eligible
Individuals” means officers, employees, Consultants, and Directors of the Company or any Affiliate.

“Exchange
Act” means the Securities Exchange Act of 1934, as amended, and any successor thereto.

“Exercise
Price” means (a) in the case of Stock Options, the price specified in the applicable Award Agreement as the price-per-share
at which shares of Common Stock may be purchased pursuant to such Stock Option or (b) in the case of Stock Appreciation Rights,
the price specified in the applicable Award Agreement as the reference price-per-share used to calculate the amount payable to
the Participant.

“Effective
Date” has the meaning set forth in Section 15(a).

“Fair
Market Value” means, with respect to any Award, for each share of Common Stock subject to such Award, (i) if the
stock is listed on a securities exchange, the closing sales price on the principal such exchange on such date or, in the absence
of reported sales on such date, the closing sales price on the date on which sales were reported or, if there is no sale on that
date, then on the last previous day on which a sale was reported, or (ii) if the stock is not listed on a securities exchange,
a value that will be determined by such other method as the Committee determines in good faith to be reasonable and in compliance
with Section 409A.

“Incentive
Stock Option” means any Stock Option designated as, and qualified as, an “incentive stock option” within
the meaning of Section 422 of the Code.

“Nonqualified
Stock Option” means any Stock Option that is not an Incentive Stock Option.

“Outside
Director” means a Director who qualifies as independent as defined in Nasdaq Rule 5605(a)(2) and as a “non-employee
director” within the meaning of Rule 16b-3 promulgated under the Exchange Act.

 

 

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“Parent”
means a corporation, limited liability company, partnership, or other entity that owns or beneficially owns a majority of the
outstanding voting stock or voting power of the Company. With respect to an Incentive Stock Option, if the preceding sentence
does not satisfy the definition of “parent corporation” under Section 424(e) of the Code, Parent shall mean a “parent
corporation” within the meaning set forth in Section 424(e) of the Code.

“Participant”
means an individual who is granted an Award under the Plan.

“Performance
Awards” means Awards granted under Section 9.

“Performance
Goals” means the performance goals established in connection with the grant of Performance Awards.

“Plan”
means this 2021 Equity Incentive Plan for Five Star Bancorp, as set forth herein and as amended from time to time.

“Restricted
Stock” means shares of Common Stock issued under the Plan subject to restrictions specified in the applicable Award
Agreement.

“Restricted
Stock Units” means an Award based on the value of Common Stock that is an unfunded and unsecured promise to deliver
shares of Common Stock, cash, or other property upon the attainment of specified vesting or performance conditions, as specified
in the applicable Award Agreement.

“Rule
16b-3” means Rule 16b-3, as promulgated by the Securities Exchange Commission under Section 16(b) of the Exchange
Act, as amended from time to time.

“Section
409A” means Section 409A of the Code and the applicable Treasury Regulations promulgated thereunder.

“Stock
Appreciation Right” means an Award granted under Section 7.

“Stock
Option” means an Award granted under Section 6.

“Subsidiary”
means any corporation, limited liability company, partnership or other entity of which a majority of the outstanding voting stock
or voting power is beneficially owned directly or indirectly by the Company. With respect to an Incentive Stock Option, if the
preceding sentence does not satisfy the definition of “subsidiary corporation” under Section 424(f) of the Code, Parent
shall mean a “subsidiary corporation” within the meaning set forth in Section 424(f) of the Code.

“Ten-Percent
Holder” means an employee who, at the time of the grant of an Award, owns stock representing more than ten percent
of the voting power of the Company or any Affiliate (as determined under Section 422(b)(6) of the Code).

 

 

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Section
3.              Administration

(a)       Committee.
The Plan shall be administered by the Compensation Committee of the Board or such other committee of the Board as the Board may
from time to time designate (the “Committee”), which shall consist of three or more individuals, each
of whom will be an Outside Director and shall be a member of the Board.

(b)       Powers.
The Committee shall have the full power and authority, subject to applicable law and the terms of the Plan, to—

(1)       grant
Awards;

(2)       determine
who is an Eligible Individual and select the Eligible Individuals to whom Awards may from time to time be granted;

(3)       determine
the type or types of Awards to be granted to each Participant;

(4)       determine
the number of Awards to be granted and the number of shares of Common Stock or dollar amount to which an Award will relate;

(5)       determine
the terms and conditions of any Award, including without limitation, the Exercise Price, grant price, or purchase price, any Performance
Goals, vesting conditions, forfeiture restrictions, and any other restrictions or limitations;

(6)       subject
to Section 11(b), modify, amend, or adjust the terms and conditions of any Award, at any time or from time to time, including
without limitation the content of Performance Goals, vesting conditions, any schedule for lapse of forfeiture restrictions or
restrictions on the exercisability of an Award, and accelerations or waivers thereof, based in each case on such considerations
as the Committee in its sole discretion determines;

(7)       determine
whether, to what extent, and under what circumstances, Common Stock, cash, and other amounts payable with respect to an Award
shall be deferred;

(8)       determine
whether, to what extent, and under what circumstances, any vesting conditions will be waived or otherwise made inapplicable in
connection with certain events, such as a Participant’s termination of employment without cause or with good reason (as
such terms may be defined in the applicable Award Agreement), or due to death, disability, retirement, or a Change in Control;

(9)       determine
the form or forms (including cash, stock, other Awards, or other property) in which an Award may be settled, and in which any
Exercise Price or other payment may be paid;

(10)       determine
the requirements, extent, and circumstances, if any, in which an Award may be canceled, forfeited, or surrendered;

(11)       take
actions set forth in Section 4(c) with respect to substitutions or adjustments;

(12)       determine
and apply such policies and procedures as it deems appropriate to provide for clawback or recoupment of Awards, as provided under
Section 12 of the Plan or under the terms of an Award Agreement;

(13)       determine
the effect of a Change in Control on outstanding awards, as provided under Section 13 of the Plan;

 

 

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(14)       adopt,
alter, and repeal such administrative rules, guidelines and practices governing the Plan as it shall from time to time deem advisable;

(15)       construe
and interpret the terms and provisions of the Plan and any Award issued under the Plan (and any agreement relating thereto);

(16)       make
all other decisions and determinations, and take all other actions, that the Committee deems necessary and appropriate for the
administration of the Plan and any Award issues under the Plan; and

(17)       adopt
such modifications, procedures, and subplans as may be necessary or desirable to comply with applicable foreign laws, for qualifying
for favorable tax treatment under applicable foreign laws or facilitating compliance with foreign laws; sub-plans may be created
for any of these purposes.

(c)       Actions
and Interpretations by the Committee. The Committee may act by a majority of its members then in office, or by any means permitted
under a Committee charter or similar governing document. The Committee’s interpretation of the Plan, any Awards granted
under the Plan, any Award Agreement, and all decisions and determinations with respect to the Plan are final, binding, and conclusive
on all parties. Each member of the Committee is entitled to, in good faith, rely or act upon any report or other information furnished
to that member by any officer or other employee of the Company (or any Affiliate), or by an accountant, attorney, consultant,
or other professional retained by the Committee or by the Company (or any Affiliate) to assist in the administration of the Plan.

(d)       Delegation
Powers. Except to the extent prohibited by applicable law or the applicable rules of a stock exchange, and subject to the
limitations in this Section 3(d), the Committee may (1) delegate administrative responsibilities with respect to the Plan, and
(2) delegate all, or any portion, of its responsibilities to grant Awards, in each case, to one or more designated members of
the Committee in a properly-formed subcommittee of the Committee, to the Board or to officers of the Company; provided
that no delegation may be made by the Committee that would cause Awards or other transactions under the Plan to cease to be exempt
from Section 16(b) of the Exchange Act; and provided further, that the Committee may not delegate the authority
to grant Awards to any “officer” as defined in Rule 16a-1(f) under the Exchange Act or to any Director. The acts of
delegates under this Section 3(d) shall be treated hereunder as acts of the Committee and such delegates shall report to the Committee
regarding the delegated duties and responsibilities and any Awards so granted. Any delegation may be revoked by the Committee
at any time.

(e)       Delegations.
Subject to the terms of Section 3(d), the Committee hereby delegates to the Chief Financial Officer of the Company general administrative
responsibilities with respect to the Plan. The Committee may amend or terminate this delegation, and may make, amend or terminate
any other delegation or delegations, at any time, without the necessity of a formal amendment to this Section 3(e).

(f)       Action
by the Board. Any authority granted to the Committee under the Plan may also be exercised by the full Board, except to the
extent that the grant or exercise of such authority would cause any Award or transaction to become subject to (or lose an exemption
under) the short-swing profit recovery provisions of Section 16 of the Exchange Act. To the extent that any permitted action taken
by the Board conflicts with action taken by the Committee, the Board action shall control.

 

 

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(g)       Indemnification.
The Company will indemnify and hold harmless each member of the Board and the Committee, and each officer or other employee, and
each member of any other committee to whom a delegation under the Plan has been duly made, as to any acts or omissions with respect
to the Plan or any Award to the maximum extent that the law and the Company’s certificate of incorporation and bylaws permit,
except with respect to such individual’s own willful misconduct. The foregoing right of indemnification shall not be exclusive
of any other rights of indemnification to which such persons may be entitled under the Company’s charter or bylaws, as a
matter of law, or otherwise, or any power that the Company may have to indemnify them or hold them harmless.

Section
4.              Common Stock Subject to Plan

(a)       Shares
Available. Shares of Common Stock subject to an Award under the Plan may be authorized and unissued shares or may be treasury
shares. The number of shares of Common Stock available under the Plan are described in this Section 4, subject to adjustment as
provided in Section 4(c).

(1)       The
maximum aggregate number of shares of Common Stock that may be delivered pursuant to Awards granted under the Plan shall equal
1,700,000. The maximum number of shares of Common Stock that may be delivered pursuant to Incentive Stock Options granted under
the Plan shall equal 1,700,000.

(2)       If,
on or after the Effective Date, any Award (A) is forfeited or otherwise expires, terminates, or is canceled without the delivery
of all shares of Common Stock subject thereto or (B) is settled other than by the delivery of shares of Common Stock (including
by cash settlement), then, in the case of clauses (A) and (B), the number of shares of Common Stock subject to such Award that
were not issued shall again become available to be delivered pursuant to Awards under the Plan, except as provided in clause (3)
below.

(3)       Shares
of Common Stock tendered or held back upon the exercise of a Stock Option or stock-settled Stock Appreciation Right to cover the
Exercise Price or tax withholding shall not be available for future issuance under the Plan. In addition, upon such net or “cashless”
exercise of a Stock Option or stock-settled Stock Appreciation Right, the gross number of shares exercised shall be deducted from
the total number of shares of Common Stock remaining available for issuance under the Plan.

(4)       Shares
of Common Stock tendered or held back upon the settlement of an Award (other than a Stock Option or Stock Appreciation Right)
to cover tax withholding shall be available for future issuance under the Plan.

(b)       Acquired
Entities. Delivery of shares of Common Stock subject to awards granted in substitution of awards granted by a business or
entity that is acquired by, or whose assets are acquired by, the Company shall not be deemed a delivery for purposes of determining
the maximum number of shares of Common Stock available for delivery under the Plan. Additionally, subject to applicable stock
exchange rules, if a company acquired by the Company or any Affiliate, or with which the Company or any Affiliate combines, has
shares available under a pre-existing plan approved by shareholders and not adopted in contemplation of such acquisition or combination,
the shares available for grant pursuant to the terms of such pre-existing plan (as adjusted, to the extent appropriate, using
the exchange ratio or other adjustment or valuation ratio or formula used in such acquisition or combination to determine the
consideration payable to the holders of common stock of the entities party to such acquisition or combination) may be used for
Awards under the Plan and shall not reduce the shares authorized for issuance under the Plan (and shares subject to such Awards
shall not be added to the shares available for issuance under the Plan as provided in Section 4(a) above); provided
that Awards using such available shares shall not be made after the last date on which awards or grants could have been made under
the terms of the pre-existing plan, absent the acquisition or combination, and shall only be made to individuals who were eligible
to receive such Awards prior to such acquisition or combination.

 

 

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(c)       Adjustment
Provision. Upon the occurrence of any of the events listed in the last sentence of this Section 4(c), the Committee or Board
shall make substitutions or adjustments in (1) the aggregate number and kind of shares reserved for issuance under Section 4(a)(1)
of the Plan, (2) the number and kind of shares subject to outstanding Awards granted under the Plan, (3) the Exercise Price of
shares subject to outstanding Stock Options and Stock Appreciation Rights, and/or (4) such other equitable substitution or adjustments
as it may determine to be appropriate; provided that the number of shares of Common Stock subject to any Award shall always
be rounded down to a whole number. The actions described in the preceding sentence shall be taken if the Committee or Board determines
that there has been (i) a change in corporate capitalization (such as a stock split or a reverse stock split), (ii) a corporate
transaction, merger, consolidation, separation (including a spin off), or other distribution of stock or property of the Company,
(iii) an extraordinary cash dividend, (iv) any reorganization (whether or not such reorganization comes within the definition
of such term in Section 368 of the Code) or (v) any partial or complete liquidation of the Company.

Section
5.              Eligibility; Terms Applicable to All Awards

(a)       Eligibility
for Awards. Awards may be granted under the Plan to Eligible Individuals. The Committee’s selection of a person to participate
in the Plan at any time shall not require the Committee to select such person to participate in the Plan at any other time.

(b)       Types
of Awards. Awards may be made under the Plan in the form of (1) Stock Options, (2) Stock Appreciation Rights, (3) Restricted
Stock, (4) Restricted Stock Units, (5) Performance Awards, and (6) other stock-based awards that the Committee determines
are consistent with the purpose of the Plan and the interests of the Company. Awards may be granted in tandem with other Awards.

(c)       Award
Agreements. Awards shall be evidenced by Award Agreements, the terms and provisions of which may differ. The terms of the
Plan shall apply to all Awards granted under the Plan, unless otherwise stipulated in an Award’s individual grant agreement,
provided that, in the event of a conflict between the terms of the Plan and the terms of an individual grant agreement,
the individual grant agreement shall control unless inconsistent with applicable law.

(d)       Non-Transferrable.
Unless determined otherwise by the Committee and expressly provided in the applicable Award Agreement, an Award may not be sold,
pledged, assigned, hypothecated, transferred, or disposed of in any manner other than by will or by the laws of descent or distribution
and a Stock Option may be exercised, during the lifetime of the Participant, only by the Participant; provided that no
Award Agreement shall permit an Award to be transferred by a Participant for value, and further provided that, in the case
of an Incentive Stock Option, an award may not be transferrable. Subject to the foregoing, no right or interest of a Participant
in an Award may be pledged, encumbered, or hypothecated to, or in favor of, any party other than the Company or an Affiliate,
or shall be subject to any lien, obligation, or liability of Participant to any other party other than the Company or an Affiliate.

 

 

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Section
6.              Stock Options

(a)       Types.
Stock Options may be granted alone or in addition to other Awards granted under the Plan and may be of two types: Incentive Stock
Options and Nonqualified Stock Options. The Committee shall have the authority to grant Incentive Stock Options, Nonqualified
Stock Options, or both types of Stock Options (in each case with or without Stock Appreciation Rights) to any Eligible Individual;
provided that Incentive Stock Options may be granted only to employees of the Company and, if applicable, its Parents and
Subsidiaries. The applicable Award Agreement shall indicate on its face whether it is intended to be an agreement for an Incentive
Stock Option or a Nonqualified Stock Option. To the extent that any Stock Option is not designated as an Incentive Stock Option,
or even if so designated does not qualify as an Incentive Stock Option on or subsequent to its grant date, it shall constitute
a Nonqualified Stock Option.

(b)       Grant
Date of Award. The grant of a Stock Option shall occur on the date the Committee by resolution selects an Eligible Individual
to receive a grant of a Stock Option, determines the number of shares of Common Stock to be subject to such Stock Option, and
specifies the material terms and provisions of such Stock Option, or on any later date determined by the Committee.

(c)       Award
Terms. Stock Options granted under the Plan shall be subject to the following terms and conditions, as well as any additional
terms and conditions as the Committee shall deem desirable:

(1)       Option
Term. The Committee shall determine the stated term of each Stock Option granted under the Plan. No Stock Option shall be
exercisable more than ten years after the date the Stock Option is granted (or, with respect to Incentive Stock Options granted
to a Ten-Percent Holder, five years after the date the Stock Option is granted).

(2)       Exercise
Price. The Exercise Price with respect to each Stock Option granted under the Plan shall not be less than the Fair Market
Value on the date of grant, except that, with respect to Incentive Stock Options granted to a Ten-Percent Holder, the Exercise
Price shall not be less than one hundred and ten percent of the Fair Market Value on the date of grant (and except in connection
with Stock Option substitution in connection with a corporate transaction, to the extent consistent with Section 409A or Section
422 of the Code, as applicable).

(3)       Exercisability.
Except as otherwise provided herein, Stock Options shall be exercisable at such time or times and subject to such terms and conditions
as shall be determined by the Committee.

(4)       Method
of Exercise. The Committee shall determine the method or methods by which Stock Options may be exercised, and the form or
forms in which the Exercise Price may be paid, including without limitation cash, shares, net settlement, broker assisted cashless
exercise or any combination thereof. If some or all of the Exercise Price is paid with shares (including through cashless exercise),
the number of shares to be paid shall be determined based on the Fair Market Value of such shares as of the exercise date.

 

 

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Section
7.              Stock Appreciation Rights

(a)       Term.
The Committee shall determine the stated term of each Stock Appreciation Right granted under the Plan. No Stock Appreciation Right
shall be exercisable more than ten years after the date of grant.

(b)       Exercise
Price. The Exercise Price with respect to each Stock Appreciation Right granted under the Plan shall not be less than the
Fair Market Value on the date of grant, except (1) in connection with a Stock Appreciation Right substitution in connection with
a corporate transaction (to the extent consistent with Section 409A) and (2) if a Stock Appreciation Right is granted to
replace a Stock Option, the Exercise Price of the Stock Appreciation Right may be the Exercise Price of the Stock Option it replaces,
to the extent consistent with Section 409A.

(c)       Exercisability.
Except as otherwise provided herein, Stock Appreciation Rights shall be exercisable at such time or times and subject to such
terms and conditions as shall be determined by the Committee.

(d)       Settlement.
Upon the exercise of a Stock Appreciation Right, a Participant shall be entitled to receive an amount in cash, shares of Common
Stock, or a combination of cash and shares (pursuant to the Award Agreement and as determined by the Committee), in value equal
to (1) the excess of the Fair Market Value on the date of exercise of one share of Common Stock over the applicable Exercise Price,
multiplied by (2) the number of shares of Common Stock in respect of which the Stock Appreciation Right shall have been exercised,
with the Committee having the right to determine the form of payment.

Section
8.              Restricted Stock and Restricted Stock Units

(a)       Grant.
Subject to the provisions of the Plan, the Committee may grant Awards of Restricted Stock or Restricted Stock Units to Participants
in such amounts and subject to such terms and conditions as may be selected by the Committee.

(b)       Restrictions.
Except as otherwise provided in an Award Agreement or other Plan document governing an Award, a Participant shall have none of
the rights of a shareholder with respect to Restricted Stock Units or Restricted Stock (including without limitation the right
to receive dividends or dividend equivalents) until such time as shares of Common Stock are paid in settlement of Restricted Stock
Units or restrictions are lifted with respect to shares of Common Stock subject to an Award of Restricted Stock.

(c)       Award
Agreement. Each Award of Restricted Stock or Restricted Stock Units shall be confirmed by, and be subject to, the terms of
an Award Agreement.

(d)       Delivery
of Restricted Stock. Shares of Restricted Stock shall be delivered to the Participant at the time of grant either by book-entry
registration or by delivering to the Participant, or a custodian or escrow agent (including without limitation the Company or
one or more of its employees) designated by the Committee, a stock certificate or certificates registered in the name of the Participant.
If physical certificates representing shares of Restricted Stock are registered in the name of the Participant, such certificates
must bear an appropriate legend referring to the terms, conditions, and restrictions applicable to such Restricted Stock.

 

 

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Section
9.              Performance Awards

(a)       Grant.
Performance Awards may be awarded either alone or in addition to other Awards granted under the Plan. The Committee shall determine
the Eligible Individuals to whom and the time or times at which Performance Awards shall be awarded, the number of Performance
Shares (as defined below) and/or the amount of Performance Cash Awards (as defined below) to be awarded to any Eligible Individual,
the duration of the Award Cycle (if applicable), and any other terms and conditions of the Award, in addition to those contained
in Section 9(b). The Committee shall also determine whether each Performance Award shall be denominated as (1) a performance-based
stock or stock unit Award (a “Performance Share Award”) or (2) a performance-based cash Award (a “Performance
Cash Award”). In all cases, the Committee may condition the vesting or value of an Award upon the achievement of
Performance Goals; any such Award shall constitute a Performance Award for purpose of the Plan.

(b)       Terms
and Conditions. Performance Awards shall be subject to the following terms and conditions:

(1)       Performance-Based
Awards. The Committee may condition the settlement of a Performance Award upon the attainment of Performance Goals. The provisions
of such Awards (including without limitation any applicable Performance Goals) need not be the same with respect to each Participant.
Each Award shall be confirmed by, and be subject to, the terms of an Award Agreement.

(2)       Achievement
of Performance Criteria. Unless otherwise specified in an Award Agreement, at the expiration of the Award Cycle, the Committee
shall evaluate the Participant’s and/or the Company’s performance in light of any Performance Goals for such Performance
Award, and shall determine the number of shares of Common Stock (or other applicable payment measures) which have been earned
or vested. Unless otherwise specified in an Award Agreement, the Committee shall then cause to be delivered (A) if the Performance
Awards are Performance Shares, (1) a number of shares of Common Stock equal to the number of Performance Shares determined by
the Committee to have been earned or vested, or (2) cash equal to the product of (x) the Fair Market Value as of the date of settlement
multiplied by (y) such number of Performance Shares determined to have been earned, as the Committee shall elect, or (B) if the
Performance Awards are Performance Cash Awards, (1) cash equal to the amount earned under the Award (the “Cash
Payment”), or (2) a number of shares of Common Stock equal to (x) the Cash Payment divided by (y) the Fair Market
Value as of the date of settlement (with any resulting fractional shares distributed in the form of cash), as the Committee shall
elect.

Section
10.            Other Awards

(a)       Other
Stock-Based Awards. Subject to the provisions of the Plan, the Committee, may grant Awards of Common Stock and other Awards
that are valued in whole or in part by reference to, or are otherwise based upon, Common Stock, including without limitation,
fully vested Common Stock, deferred stock units, and dividend equivalents. Such Awards may be granted either alone or in conjunction
with other Awards granted under the Plan. Each such Award shall be confirmed by, and be subject to, the terms of an Award Agreement.

 

 

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Section
11.            Amendment and Termination

(a)       The
Plan. Except to the extent prohibited by applicable law and unless otherwise expressly provided in an Award Agreement or in
the Plan, the Board may amend, alter, suspend, discontinue or terminate the Plan or any portion thereof at any time; provided
that no such amendment, alteration, suspension, discontinuation or termination shall be made without approval of the Company’s
shareholders, if such approval is required by applicable law or the rules of the stock market or exchange, if any, on which the
shares are principally quoted or traded provided that shareholder approval shall not be required (x) to the extent any
such amendment, alteration, suspension, discontinuance or termination is made to cause the Plan to comply with applicable law,
stock market or exchange rules and regulations or accounting or tax rules and regulations (and shareholder approval is not otherwise
required by applicable law) or (y) to impose any “clawback” or recoupment provisions on any Awards in accordance with
Section 12. No amendment, alteration, suspension, discontinuation or termination shall be applied to materially adversely affect
the rights of any Participant under any outstanding Award without such Participant’s consent, except to the extent that
such amendment, alteration, suspension, discontinuation or termination is permitted under the terms of the applicable Award Agreement
or the terms of the Plan in effect immediately prior to the grant date of the Award.

(b)       Awards.
The Committee may waive any conditions or rights under, amend any terms of, or amend, alter, suspend, discontinue or terminate
any Award theretofore granted, prospectively or retroactively, without the consent of any relevant Participant; provided that
no such waiver, amendment, alteration, suspension, discontinuation or termination of an Award shall be made without the consent
of the affected Participant, if such action would materially adversely affect the rights of any Participant under any outstanding
Award, except to the extent that such amendment, alteration, suspension, discontinuation or termination is permitted under the
terms of the applicable Award Agreement or the terms of the Plan in effect immediately prior to the grant date of the Award.

Section
12.            Clawback; Recoupment of Awards

The Committee shall have full
authority to establish and implement any policies and procedures it deems appropriate to provide for clawback or recoupment of
Awards. Pursuant to such policies and procedures, among other things, the Committee may require forfeiture of an Award, repayment
of an Award (or proceeds therefrom), or recoupment from other payments otherwise due to the Participant or beneficiary. Notwithstanding
anything to the contrary contained herein, the Committee may, to the extent permitted by applicable law and stock exchange rules
or by any applicable Company policy or arrangement, cancel or require reimbursement of any Awards granted to the Participant or
any shares issued or cash received upon vesting, exercise or settlement of any such Awards or sale of shares underlying such Awards.

Section
13.            Dissolution or Liquidation; Other Corporate Transaction

(a)       Dissolution
or Liquidation. In the event of the proposed winding up, dissolution or liquidation of the Company, the Committee will notify
each Participant, to the extent practicable, prior to the effective date of such proposed transaction. To the extent it has not
been previously exercised or settled, an Award will terminate immediately prior to the consummation of such transaction.

 

 

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    Star Equity Incentive PlanPage	11 

    	 

    	 

    

(b)       Corporate
Transaction. In the event of the consummation of a consolidation with or acquisition by another entity in a merger, consolidation,
sale of all or substantially all of the Company’s assets or the acquisition of all of the outstanding voting stock of the
Company (whether or not such event constitutes a Change in Control), unless otherwise determined by the Board or otherwise provided
in the applicable Award Agreement, each outstanding Award will be treated as the Committee determines in its discretion. The Committee
will not be required to treat all Awards in a similar manner.

(1)       By
way of illustration and not limitation, the Committee may determine that one or more outstanding Awards will be assumed by the
successor corporation (or its affiliate), substituted for a substantially equivalent award or right, or cancelled in exchange
for the right to a cash payment of substantially equivalent value. If an Award will not be treated in any manner described in
the foregoing sentence and the transaction constitutes a Change in Control, then unless otherwise determined by the Board, (i)
each Stock Option or Stock Appreciation Right will become fully vested and exercisable, including with respect to any shares underlying
such Award which would not otherwise be vested or exercisable, (ii) all restrictions on Restricted Stock and Restricted Stock
Units will lapse, and, (iii) with respect to Awards with performance-based vesting, all Performance Goals or other vesting criteria
will be deemed achieved at one hundred percent (100%) of target levels and all other terms and conditions deemed met. In the case
of the foregoing clause (i), unless the Stock Option or Stock Appreciation Right will be exercised or “cashed out”
automatically by virtue of the terms of the transaction, without the need for any action on the part of the holder of such Stock
Option or Stock Appreciation Right, the Committee will notify such holder, in writing or electronically, that the Stock Option
or Stock Appreciation Right will be exercisable for a period of time determined by the Committee in its sole discretion and will
terminate upon the expiration of such period.

(2)       For
the purpose of this Section 13(b), an Award will be considered assumed if, following the transaction, the Award confers the right
to purchase or receive, on a per-share basis, an amount equal to the consideration received by holders of common stock in the
transaction (less the aggregate Exercise Price, in the case of a Stock Option or Stock Appreciation Right), whether such consideration
is in stock, cash, or other securities or property (or if the holders of common stock were offered a choice of consideration,
the type of consideration chosen by the holders of a majority of outstanding shares). If the consideration received in the transaction
is not solely common stock of the successor corporation (or its affiliate), the Committee may, with the consent of the successor
corporation, provide for the consideration to be received upon the exercise of a Stock Option or Stock Appreciation Right or upon
the settlement of a Restricted Stock Unit or performance-based Award, for each share subject to such Award, to be solely common
stock of the successor corporation (or its affiliate) equal in fair market value to the per share consideration received by holders
of common stock in the merger or Change in Control (and less the aggregate Exercise Price, in the case of a Stock Option or Stock
Appreciation Right).

Section
14.            General Provisions

(a)       No
Right to Grants. No individual shall have any claim to be granted any Award under the Plan, and there is no obligation for
uniformity of treatment of Participants, officers, employees, Directors, Consultants, or other service providers under the Plan.
The terms and conditions of Awards need not be the same with respect to each Participant. Any Award granted under the Plan shall
be a one-time Award that does not constitute a promise of future grants. The Committee, in its sole discretion, maintains the
right to make available future grants under the Plan.

(b)       No
Limit on Other Arrangements. Nothing contained in the Plan shall prevent the Company or any Affiliate from adopting other
or additional compensation arrangements for its employees.

(c)       No
Contract of Employment. The Plan shall not constitute a contract of employment, and adoption of the Plan and the granting
of Awards shall not confer upon any employee any right to continued employment, nor shall it alter the at-will nature of any employment
relationship or interfere in any way with the right of the Company or any Affiliate to terminate the employment of any employee
at any time.

 

 

	Five
    Star Equity Incentive PlanPage	12 

    	 

    	 

    

(d)       Tax
Withholding. The Company and the applicable Affiliate employing the Participant shall be authorized (i) to take such action
as appropriate to withhold and collect all applicable federal, state, or local payroll, withholding, income or other taxes (that
are the responsibility of the Participant) that may be owed by the Participant in connection with the grant, vesting, exercise,
purchase, or distribution of an Award, or any payment due or transfer made under any Award, or from any other compensation or
other amount due to the Participant in connection with the Plan (whether in cash, shares, other Awards, other property, net settlement,
or any combination thereof, as permitted by the Committee), and (ii) to take such other action (including providing for elective
payment of such amounts in cash or shares by such Participant) as may be necessary in the opinion of the Company or Affiliate
to satisfy all obligations for the payment of such taxes. The obligations of the Company under the Plan shall be conditional on
such payment or arrangements, and the Company and its Affiliates shall, to the extent permitted by law, have the right to deduct
any such taxes from any payment otherwise due to the Participant. The Committee may establish such procedures as it deems appropriate,
including making irrevocable elections, for the settlement of withholding obligations with Common Stock.

(e)       Severability.
If any provision of the Plan or any Award Agreement is or becomes or is deemed to be invalid, illegal or unenforceable in any
jurisdiction, or as to any Participant or Award, or would disqualify the Plan or any Award under any law deemed applicable by
the Committee, such provision shall be construed or deemed amended to conform to applicable laws, or if it cannot be so construed
or deemed amended without, in the determination of the Committee, materially altering the intent of the Plan or the Award Agreement,
such provision shall be stricken as to such jurisdiction, Person or Award, and the remainder of the Plan and any such Award Agreement
shall remain in full force and effect.

(f)       No
Fiduciary Relationship. Neither the Plan nor any Award shall create or be construed to create a trust or separate fund of
any kind or a fiduciary relationship between the Company and a Participant or any other person. To the extent that any person
acquires a right to receive payments from the Company pursuant to an Award, such right shall be no greater than the right of any
unsecured general creditor of the Company.

(g)       No
Fractional Shares. No fractional shares shall be issued or delivered pursuant to the Plan or any Award, and the Committee
shall determine whether cash or other securities shall be paid or transferred in lieu of any fractional shares, or whether such
fractional shares or any rights thereto shall be canceled, terminated or otherwise eliminated.

(h)       Inability
to Obtain Authority. The inability of the Company to obtain authority from any regulatory body having jurisdiction, which
authority is deemed by the Company’s counsel to be necessary to the lawful issuance and sale of any shares hereunder, will
relieve the Company of any liability in respect of the failure to issue or sell such shares as to which requisite authority will
not have been obtained.

(i)       Electronic
Signatures. For purposes of the Plan, a document shall be considered to be executed if signed electronically pursuant to procedures
approved by the Company.

(j)       Governing
Law. The Plan and all Awards made and actions taken thereunder shall be governed by and construed in accordance with the laws
of the State of California, without reference to principles of choice or conflict of laws that would otherwise refer to the laws
of another jurisdiction.

 

 

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    Star Equity Incentive PlanPage	13 

    	 

    	 

    

(k)       Section
409A.

(1)       General.
The Company intends that all Awards be structured in compliance with, or to satisfy an exemption from, Section 409A, such that
no adverse tax consequences, interest, or penalties under Section 409A apply in connection with any Awards. Notwithstanding anything
herein or in any Award Agreement to the contrary, the Committee may, without a Participant’s prior consent, amend the Plan
and/or Awards, adopt policies and procedures, or take any other actions (including amendments, policies, procedures and actions
with retroactive effect) as are necessary or appropriate to preserve the intended tax treatment of Awards under the Plan, including
without limitation, any such actions intended to (A) exempt the Plan and/or any Award from the application of Section 409A, and/or
(B) comply with the requirements of Section 409A, including without limitation any such regulations, guidance, compliance programs
and other interpretative authority that may be issued after the date of grant of any Award. The Company makes no representations
or warranties as to the tax treatment of any Award under Section 409A or otherwise. The Company shall have no obligation under
the Plan or otherwise to take any action (whether or not described herein) to avoid the imposition of taxes, penalties or interest
under Section 409A with respect to any Award and shall have no liability to any Participant or any other person if any Award,
compensation or other benefits under the Plan are determined to constitute non-compliant, “nonqualified deferred compensation”
subject to the imposition of taxes, penalties and/or interest under Section 409A. If the Award includes a “series of installment
payments” (within the meaning of Treas. Reg. § 1.409A-2(b)(2)(iii)), the Participant’s right to the series of
installment payments shall be treated as a right to a series of separate payments and not as a right to a single payment.

(2)       Separation
from Service. With respect to any Award that constitutes “nonqualified deferred compensation” under Section 409A,
any payment or settlement of such Award that is to be made upon a termination of a Participant’s Service Provider relationship
shall, to the extent necessary to avoid the imposition of taxes under Section 409A, be made only upon the Participant’s
“separation from service” (within the meaning of Section 409A), whether such “separation from service”
occurs upon or subsequent to the termination of the Participant’s Service Provider relationship. For purposes of any such
provision of the Plan or any Award Agreement relating to any such payments or benefits, references to a “termination,”
“termination of employment” or like terms shall mean “separation from service.”

(3)       Payments
to Specified Employees. Notwithstanding any contrary provision in the Plan or any Award Agreement, any payment(s) of “nonqualified
deferred compensation” that are otherwise required to be made under an Award to a “specified employee” (as defined
under Section 409A and determined by the Committee) as a result of his or her “separation from service” shall, to
the extent necessary to avoid the imposition of taxes under Code Section 409A(a)(2)(B)(i), be delayed until the expiration of
the six-month period immediately following such “separation from service” (or, if earlier, until the date of death
of the specified employee) and shall instead be paid without interest (in a manner set forth in the Award Agreement) in the seventh
month after the separation from service. Any payments of “nonqualified deferred compensation” under such Award that
are, by their terms, payable more than six months following the Participant’s “separation from service” shall
be paid at the time or times such payments are otherwise scheduled to be made.

 

 

	Five
    Star Equity Incentive PlanPage	14 

    	 

    	 

    

(4)       No
Assignment. No Participant or creditors or beneficiaries of a Participant shall have the right to subject any deferred compensation
(within the meaning of Section 409A) payable under the Plan to any anticipation, alienation, sale, transfer, assignment, pledge,
encumbrance, attachment or garnishment, except as required by applicable law. Except as permitted under Section 409A, any deferred
compensation (within the meaning of Section 409A) payable to any Participant or for the benefit of any Participant under the Plan
may not be reduced by, or offset against, any amount owing by any such Participant to the Company or any of its Affiliates.

(5)       Change
in Control. Solely with respect to any Award that constitutes “deferred compensation” subject to Section 409A
and that is payable on account of a Change in Control (including any installments or stream of payments that are accelerated on
account of a Change in Control), a Change in Control shall occur only if such event also constitutes a “change in the ownership,”
“change in effective control,” and/or a “change in the ownership of a substantial portion of assets” of
the Company as those terms are defined under Treas. Reg. § 1.409A-3(i)(5), but only to the extent necessary to establish
a time or form of payment that complies with Section 409A, without altering the definition of Change in Control for any other
purpose.

(6)       Amendment.
Notwithstanding any provision of the Plan to the contrary, the Company reserves the right to make amendments to any Award
as the Company deems necessary or desirable to avoid the imposition of taxes or penalties under Section 409A. In any case, a Participant
shall be solely responsible and liable for the satisfaction of all taxes and penalties that may be imposed on a Participant or
for a Participant’s account in connection with an Award (including any taxes and penalties under Section 409A), and neither
the Company nor any of its Affiliates shall have any obligation to indemnify or otherwise hold such Participant harmless from
any or all of such taxes or penalties.

Section
15.            Term of the Plan

(a)       Effective
Date. The Plan shall be effective as of the later of the date it is approved by the Company’s shareholders and the date
on which the Company first receives payment for the shares of Common Stock sold pursuant to the Company’s initial public
offering (the “Effective Date”). If the Plan is not approved by the Company’s shareholders, or
the initial public offering does not occur, the Plan and any awards granted under the Plan shall be null and void.

(b)       Expiration
Date. No Award shall be granted under the Plan after the tenth anniversary of the Effective Date. Unless otherwise expressly
provided in the Plan or in an applicable Award Agreement, any Award granted hereunder, and the authority of the Board or the Committee
to amend, alter, adjust, suspend, discontinue, or terminate any such Award or to waive any conditions or rights under any such
Award, shall nevertheless continue thereafter.

 

[End
of Document]

 

 

	Five
    Star Equity Incentive PlanPage	15Exhibit 10.1

 

EXTENSION
AGREEMENT AND FIRST AMENDMENT TO

SECOND AMENDED AND RESTATED CREDIT AGREEMENT

 

This
EXTENSION AGREEMENT AND FIRST AMENDMENT TO SECOND AMENDED AND RESTATED CREDIT AGREEMENT (this “Agreement”)
is made and entered into as of April 23, 2021 (the “First Amendment Effective Date”), by and among EQT CORPORATION,
a Pennsylvania corporation (“Borrower”), each Lender under the Existing Credit Agreement (as defined below)
executing this Agreement as an “Exiting Lender” (collectively, the “Exiting Lenders”), each other
Lender party hereto (including for the avoidance of doubt, each New Lender (as defined below), collectively, the “Consenting
Lenders” and individually, a “Consenting Lender”), and PNC BANK, NATIONAL ASSOCIATION, as administrative
agent for the Lenders (in such capacity, the “Administrative Agent”).

 

A.           Borrower,
Administrative Agent and the Lenders entered into that certain Second Amended and Restated Credit Agreement dated as of July 31,
2017 (as amended, modified, supplemented, or restated prior to the date hereof, the “Existing Credit Agreement”).

 

B.           Borrower
has requested that (a) the Existing Credit Agreement be amended and modified as described herein and (b) the Stated Maturity Date
be extended from July 31, 2022 to July 31, 2023 pursuant to Section 2.14 of the Existing Credit Agreement (the “Extension”).

 

C.           Borrower,
Administrative Agent, and the Consenting Lenders (which, after giving effect to the assignments in Section 2(b) below,
constitutes all Lenders) have agreed, upon the following terms and conditions, to amend the Existing Credit Agreement as provided
herein and to the Extension.

 

NOW,
THEREFORE, in consideration of the mutual promises herein contained, and for other valuable consideration, the parties hereto
agree as follows:

 

1.           Defined
Terms; References. Unless otherwise specifically defined herein, each term used herein that is defined in the Existing Credit
Agreement shall have the meaning assigned to such term in the Existing Credit Agreement.

 

2.            Amendment
and Restatement of the Credit Agreement and Schedules. As of the First Amendment Effective Date:

 

(a)       The
Credit Agreement shall be amended and restated in its entirety to read as set forth on Annex A attached hereto (the Existing
Credit Agreement, as affected and so amended by this Agreement, being referred to as the “Amended Credit Agreement”);
and

 

(b)       Schedule
2.01 to the Credit Agreement is hereby amended and restated in its entirety to read as set forth on Schedule 2.01 attached
hereto, and the Borrower and each Lender shall effect such assignments, prepayments, borrowings and reallocations as are necessary
to effectuate the modifications to Schedule 2.01 contemplated in this Agreement, in each case, such that, after giving
effect thereto, each Lender will hold its respective Pro Rata Share of the Outstanding Amount of all Committed Loans and Commitments
as of the date hereof in accordance with Schedule 2.01 attached hereto (it being understood that (i) any Committed Loans
outstanding under the Existing Credit Agreement immediately prior to the effectiveness of this Agreement (A) may remain outstanding
under the Amended Credit Agreement in accordance with the foregoing and (B) upon such effectiveness of this Agreement shall be
deemed Committed Loans outstanding under the Amended Credit Agreement, (ii) one or more Lenders that were party to the Existing
Credit Agreement may assign some, and each Exiting Lender shall assign all, of its Outstanding Amount of Committed Loans and Commitments
to effectuate the modification to Schedule 2.01 contemplated by this Agreement and (iii) after giving effect to the assignments
in subclause (ii), each Exiting Lender shall cease to be a “Lender” for purposes of the Credit Agreement and the other
Loan Documents).

 

     

     

    

3.            Extension
of Stated Maturity Date. Subject to the satisfaction of the conditions precedent set forth in Section 5 below, each
Consenting Lender hereby consents to the Extension, and effective as of the First Amendment Effective Date, the Stated Maturity
Date applicable to each Consenting Lender is July 31, 2023. In connection with the Extension, the Consenting Lenders waive the
notice requirements set forth in Section 2.14(a) of the Credit Agreement.

 

		4.	New
Lender Joinder.

 

(a)       Each
Person that signs this Agreement as a Consenting Lender and that was not a Lender party to the Existing Credit Agreement prior
to the effectiveness of this Agreement (each a “New Lender”) (i) represents and warrants that (A) it has full
power and authority, and has taken all action necessary, to execute and deliver this Agreement and to consummate the transactions
contemplated hereby and to become a Lender under the Amended Credit Agreement, (B) it meets all requirements of an Eligible Assignee
under the Amended Credit Agreement (subject to receipt of such consents as may be required under the Amended Credit Agreement),
(C) from and after the date hereof, it shall be bound by the provisions of the Amended Credit Agreement as a Lender thereunder
and shall have the obligations of a Lender thereunder, (D) it has received a copy of the Amended Credit Agreement, together with
copies of the most recent financial statements delivered pursuant to Section 6.01 thereof, as applicable, and such other
documents and information as it has deemed appropriate to make its own credit analysis and decision to enter into this Agreement
on the basis of which it has made such analysis and decision independently and without reliance on the Administrative Agent, the
Arrangers or any other Lender, (E) the Loan Documents set forth the terms of a commercial lending facility, (F) it is engaged
in making, acquiring or holding commercial loans in the ordinary course and is entering into the this Agreement, the Amended Credit
Agreement and the other Loan Documents as a Lender for the purpose of making, acquiring or holding commercial loans and providing
other facilities set forth in the Amended Credit Agreement as may be applicable thereto, and not for the purpose of purchasing,
acquiring or holding any other type of financial instrument, and (G) if it is a Foreign Lender, any documentation required to
be delivered by it pursuant to the terms of the Amended Credit Agreement has been delivered to the Administrative Agent; (ii)
agrees that (A) it will, independently and without reliance on the Administrative Agent or any other Lender, and based on such
documents and information as it shall deem appropriate at the time, continue to make its own credit decisions in taking or not
taking action under the Loan Documents and (B) it will perform in accordance with their terms all of the obligations which by
the terms of the Loan Documents are required to be performed by it as a Lender; and (iii) appoints and authorizes the Administrative
Agent to take such action as agent on its behalf and to exercise such powers under the Amended Credit Agreement and the other
Loan Documents as are delegated to the Administrative Agent, by the terms thereof, together with such powers as are reasonably
incidental thereto.

 

(b)       Each
of the Administrative Agent and the Borrowers agrees that, upon the First Amendment Effective Date, each New Lender shall (i)
be a party to the Amended Credit Agreement, (ii) be a “Lender” for all purposes of the Amended Credit Agreement and
the other Loan Documents and (iii) be subject to and bound by the terms of the Amended Credit Agreement and the Loan Documents
and have the rights and obligations of a Lender under the Amended Credit Agreement and the other Loan Documents.

 

(c)       The
address of each New Lender for purposes of all notices and other communications is as set forth on the Administrative Questionnaire
delivered by such New Lender to the Administrative Agent.

 

    2

     

    

5.            Effectiveness.
This Agreement shall be effective upon satisfaction of the following conditions precedent:

 

(a)       Agreement.
Administrative Agent shall have received this Agreement, duly executed and delivered by the Borrowers and the Consenting Lenders
(constituting all Lenders);

 

(b)       Notes.
Administrative Agent shall have received a Note executed by the Borrower in favor of each Consenting Lender requesting a Note;

 

(c)       Corporate
Resolutions. Administrative Agent shall have received copies of corporate resolutions certified by the Secretary or Assistant
Secretary of the Borrower, or such other evidence as may be satisfactory to the Administrative Agent, demonstrating that Borrower’s
incurrence of indebtedness hereunder with a maturity date of the Stated Maturity Date, as extended pursuant to this Agreement,
has been duly authorized by all necessary corporate action, together with an opinion of counsel to the Borrower (which may be
internal counsel) to such effect;

 

(d)       Responsible
Officer Certificate. Administrative Agent shall have received a certificate, signed by a Responsible Officer of the Borrower
certifying that, (A) before and after giving effect to such extension, the representations and warranties contained in Article
V of the Amended Credit Agreement (including without limitation the representation and warranties set forth in Sections
5.04(c) and 5.05 of the Amended Credit Agreement) and the other Loan Documents are true and correct in all material
respects on and as of the date hereof (or if qualified by materiality or material adverse effect, true and correct in all respects;
provided that the representation and warranty made in Section 5.12(a) of the Amended Credit Agreement is true and correct
in all respects), except to the extent that such representations and warranties specifically refer to an earlier date, in which
case they are true and correct or true and correct in all material respects, as applicable, as of such earlier date, and except
that for purposes of such certificate, the representations and warranties contained in subsections (a) and (b) of Section 5.04
of the Amended Credit Agreement shall be deemed to refer to the most recent statements furnished pursuant to subsections (a)
and (b), respectively, of Section 6.01 of the Amended Credit Agreement, and (B) no Default or Event of Default exists;
and

 

(e)       Fees;
Costs and Expenses. Payment of all fees and other amounts due and payable by Borrower to Administrative Agent, Arranger or
Lenders on or prior to the date hereof and, to the extent invoiced, reimbursement or payment of all reasonable and documented
expenses required to be reimbursed or paid by Borrower hereunder, including, without limitation, the reasonable and documented
fees and disbursements invoiced at least two (2) Business Days prior to the date hereof of Administrative Agent’s special
counsel, Haynes and Boone, LLP.

 

6.           Representations
and Warranties. Borrower hereby represents and warrants to Administrative Agent and Consenting Lenders as follows:

 

(a)       Due
Authorization; No Contravention. The execution, delivery and performance by the Borrower of this Agreement, are within the
corporate powers of the Borrower, have been duly authorized by all necessary corporate action, require no action by or in respect
of, or filing with, any Governmental Authority (except such as has been obtained), do not contravene, or constitute a default
under, any provision of applicable law or regulation or of the certificate of incorporation or by-laws of the Borrower or of any
agreement, judgment, injunction, order, decree or other instrument binding upon the Borrower or any of its Subsidiaries, or result
in the creation or imposition of any Lien on any asset of the Borrower or any of its Subsidiaries.

 

    3

     

    

(b)       Binding
Effect. This Agreement constitutes a valid and binding agreement of the Borrower, and constitutes a valid and binding obligation
of the Borrower, enforceable in accordance with its terms, except as such enforcement may be limited by bankruptcy, insolvency
or similar laws of general application relating to the enforcement of creditors’ rights.

 

(c)       Representations
and Warranties. The representations and warranties contained in Article V of the Amended Credit Agreement (including
without limitation the representation and warranties set forth in Sections 5.04(c) and 5.05 of the Amended Credit
Agreement) and the other Loan Documents are true and correct in all material respects on and as of the date hereof (or if qualified
by materiality or material adverse effect, true and correct in all respects; provided that the representation and warranty made
in Section 5.12(a) of the Amended Credit Agreement is true and correct in all respects), except to the extent that such
representations and warranties specifically refer to an earlier date, in which case they are true and correct or true and correct
in all material respects, as applicable, as of such earlier date, and except that for purposes of this Section 5(c), the
representations and warranties contained in subsections (a) and (b) of Section 5.04 of the Amended Credit Agreement shall
be deemed to refer to the most recent statements furnished pursuant to subsections (a) and (b), respectively, of Section 6.01
of the Credit Agreement.

 

(d)       No
Event of Default or Default. No event has occurred and is continuing, or would result from the execution of this Agreement,
which constitutes an Event of Default or Default.

 

		7.	Miscellaneous.

 

(a)       Limitation
on Agreements. The amendments set forth herein are limited precisely as written and shall not be deemed: (i) to be a consent
under or waiver of any other term or condition in the Amended Credit Agreement or any of the other Loan Documents; or (ii) to
prejudice any right or rights which Administrative Agent and Lenders now have or may have in the future under, or in connection
with the Amended Credit Agreement, as amended hereby, the Notes, the other Loan Documents or any of the other documents referred
to herein or therein. From and after the date of this Agreement, all references in the Loan Documents to the Existing Credit Agreement
shall be deemed to be references to the Amended Credit Agreement after giving effect to this Agreement, and each reference to
 “hereof,” “hereunder,” “herein”, “hereby” or “this Credit Agreement”
and each other similar reference contained in the Existing Credit Agreement shall from and after the date hereof refer to the
Amended Credit Agreement.

 

(b)       Ratification.
The Existing Credit Agreement, as hereby amended, is hereby ratified and confirmed in all respects and shall remain in full force
and effect. The Loan Documents, as they may be amended or affected by this Agreement, are hereby ratified and confirmed in all
respects.

 

(c)       Counterparts.
This Agreement may be executed in two or more counterparts, each of which shall constitute an original but all of which when taken
together shall constitute but one contract. Delivery of an executed counterpart of a signature page to this Agreement by telecopier,
electronic mail or other electronic delivery shall be effective as delivery of a manually executed counterpart of this Agreement.

 

(d)       GOVERNING
LAW. THIS AGREEMENT SHALL BE GOVERNED BY, AND CONSTRUED IN ACCORDANCE WITH, the
LAW OF THE STATE OF NEW YORK; PROVIDED THAT THE ADMINISTRATIVE Agent
AND EACH LENDER SHALL RETAIN ALL RIGHTS ARISING UNDER FEDERAL LAW.

 

    4

     

    

(e)       WAIVER
OF RIGHT TO TRIAL BY JURY. EACH PARTY TO THIS AGREEMENT HEREBY EXPRESSLY WAIVES ANY RIGHT TO TRIAL BY JURY OF ANY CLAIM, DEMAND,
ACTION OR CAUSE OF ACTION ARISING UNDER THIS AGREEMENT OR IN ANY WAY CONNECTED WITH OR RELATED OR INCIDENTAL TO THE DEALINGS OF
THE PARTIES HERETO, WHETHER NOW EXISTING OR HEREAFTER ARISING, AND WHETHER FOUNDED IN CONTRACT OR TORT OR OTHERWISE; AND EACH
PARTY HEREBY AGREES AND CONSENTS THAT ANY SUCH CLAIM, DEMAND, ACTION OR CAUSE OF ACTION SHALL BE DECIDED BY COURT TRIAL WITHOUT
A JURY, AND THAT ANY PARTY TO THIS AGREEMENT MAY FILE AN ORIGINAL COUNTERPART OR A COPY OF THIS SECTION WITH ANY COURT AS WRITTEN
EVIDENCE OF THE CONSENT OF THE SIGNATORIES HERETO TO THE WAIVER OF THEIR RIGHT TO TRIAL BY JURY.

 

[Remainder
of Page Intentionally Left Blank.

Signature Pages Follow.]

 

    5

     

    

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

 

	 	BORROWER:	 
	 	 	 
	 	EQT CORPORATION	 
	 	 	 
	 	By:	/s/
David M. Khani	 
	 	Name: David M. Khani
Title: Chief Financial Officer	 

Signature
                                         Page to 

Extension
Agreement and First Amendment 

to
Second Amended and Restated Credit Agreement

     

     

    

	 	PNC
    bank, national association,	 
	 	as Administrative Agent and as a
    Consenting Lender	 
	 	 	 
	 	By:	/s/
    Kyle T. Helfrich 	 
	 	Name: Kyle T. Helfrich
Title: Vice President	 

 

Signature
Page to 

Extension
Agreement and First Amendment 

to
Second Amended and Restated Credit Agreement

  

     

     

    

	 	WELLS FARGO BANK, NATIONAL ASSOCIATION,
    as a Consenting Lender	 
	 	 	 
	 	By:	/s/
Michael Real	 
	 	Name: Michael Real
Title: Managing Director	 

 

Signature
                                         Page to 

Extension
Agreement and First Amendment 

to
Second Amended and Restated Credit Agreement

  

     

     

    

	 	BANK OF AMERICA, N.A., as
    a Consenting Lender	 
	 	 	 
	 	By:	/s/
Tyler Ellis	 
	 	Name: Tyler Ellis
Title: Director	 

 

Signature
                                         Page to 

Extension
Agreement and First Amendment 

to
Second Amended and Restated Credit Agreement

  

     

     

    

	 	BARCLAYS BANK PLC, as a Consenting Lender	 
	 	 	 
	 	By:	/s/
Sydney G. Dennis	 
	 	Name: Sydney G. Dennis
Title: Director	 

 

Signature
                                         Page to 

Extension
Agreement and First Amendment 

to
Second Amended and Restated Credit Agreement

  

     

     

    

	 	CITIBANK, N.A., as a Consenting
    Lender	 
	 	 	 
	 	By:	/s/
Maureen Maroney	 
	 	Name: Maureen Maroney
Title: Vice President	 

 

Signature
                                         Page to 

Extension
Agreement and First Amendment 

to
Second Amended and Restated Credit Agreement

  

     

     

    

	 	JPMORGAN CHASE BANK, N.A.,
    as a Consenting Lender	 
	 	 	 
	 	By:	/s/
Tom K. Martin	 
	 	Name: Tom K. Martin
Title: Authorized Signatory	 

 

Signature
Page to 

Extension
Agreement and First Amendment 

to
Second Amended and Restated Credit Agreement

  

     

     

    

	 	MUFG BANK, LTD. (f/k/a THE
    BANK OF TOKYO-MITSUBISHI UFJ, LTD.), as a Consenting Lender	 
	 	 	 
	 	By:	/s/
Kevin Sparks	 
	 	Name: Kevin Sparks
Title: Director	 

 

Signature
                                         Page to 

Extension
Agreement and First Amendment 

to
Second Amended and Restated Credit Agreement

 

     

     

    

	 	ROYAL BANK OF CANADA, as
    a Consenting Lender	 
	 	 	 
	 	By:	/s/
Don J. McKinnerney	 
	 	Name: Don J. McKinnerney
Title: Authorized Signatory	 

 

Signature
                                         Page to 

Extension
Agreement and First Amendment 

to
Second Amended and Restated Credit Agreement

     

     

    

	 	CREDIT SUISSE AG, NEW YORK BRANCH,
    as a Consenting Lender	 
	 	 	 
	 	By:	/s/
Doreen Barr	 
	 	Name: Doreen Barr
Title: Authorized Signatory	 

 

	 	By:	/s/
Brady Bingham	 
	 	Name: Brady Bingham
Title: Authorized Signatory	 

 

Signature
                                         Page to 

Extension
Agreement and First Amendment 

to
Second Amended and Restated Credit Agreement

 

     

     

    

	 	THE BANK OF NOVA SCOTIA, HOUSTON
    BRANCH, as a Consenting Lender	 
	 	 	 
	 	By:	/s/
Marc Graham	 
	 	Name: Marc Graham
Title: Managing Director	 

 

Signature
                                         Page to 

Extension
Agreement and First Amendment 

to
Second Amended and Restated Credit Agreement

     

     

    

	 	THE TORONTO-DOMINION BANK, NEW
    YORK BRANCH, as a Consenting Lender	 
	 	 	 
	 	By:	/s/
    Michael Borowiecki	 
	 	Name: Michael Borowiecki
Title: Authorized Signatory	 

 

Signature
                                         Page to 

Extension
Agreement and First Amendment 

to
Second Amended and Restated Credit Agreement

  

     

     

    

	 	U.S. BANK NATIONAL ASSOCIATION,
    as a Consenting Lender	 
	 	 	 
	 	By:	/s/
William S. Rogers	 
	 	Name: William S. Rogers
Title: Senior Vice President	 

 

Signature
                                         Page to 

Extension
Agreement and First Amendment 

to
Second Amended and Restated Credit Agreement

 

     

     

    

	 	MIZUHO BANK, LTD., as a Consenting
    Lender	 
	 	 	 
	 	By:	/s/
Edward Sacks	 
	 	Name: Edward Sacks
Title: Executive Director	 

 

Signature
                                         Page to 

Extension
Agreement and First Amendment 

to
Second Amended and Restated Credit Agreement

 

     

     

    

	 	SUMITOMO MITSUI BANKING CORPORATION,
    as a Consenting Lender	 
	 	 	 
	 	By:	/s/
Michael Maguire	 
	 	Name: Michael Maguire
Title: Managing Director	 

 

Signature
                                         Page to 

Extension
Agreement and First Amendment 

to
Second Amended and Restated Credit Agreement

 

     

     

    

	 	THE BANK OF NEW YORK MELLON,
    as a Consenting Lender	 
	 	 	 
	 	By:	/s/
William M. Feathers	 
	 	Name: William M. Feathers
Title: Director	 

 

Signature
                                         Page to 

Extension
Agreement and First Amendment 

to
Second Amended and Restated Credit Agreement

  

     

     

    

	 	CITIZENS BANK, NATIONAL ASSOCIATION,
    as a Consenting Lender	 
	 	 	 
	 	By:	/s/
Carl S. Tabacjar, Jr.	 
	 	Name: Carl S. Tabacjar, Jr.
Title: Senior Vice President	 

 

Signature
                                         Page to 

Extension
Agreement and First Amendment 

to
Second Amended and Restated Credit Agreement

 

     

     

    

	 	FIRST NATIONAL BANK OF PENNSYLVANIA,
    as a Consenting Lender	 
	 	 	 
	 	By:	/s/
Robert E. Heuler	 
	 	Name: Robert E. Heuler
Title: Vice President	 

 

Signature
                                         Page to 

Extension
Agreement and First Amendment 

to
Second Amended and Restated Credit Agreement

     

     

    

	 	BMO HARRIS BANK N.A., as
    an Exiting Lender	 
	 	 	 
	 	By:	/s/
Patrick Johnston	 
	 	Name: Patrick Johnston
Title: Director	 

 

Signature
                                         Page to 

Extension
Agreement and First Amendment 

to
Second Amended and Restated Credit Agreement

     

     

    

	 	CANADIAN IMPERIAL BANK OF COMMERCE,
    NEW YORK BRANCH, as an Exiting Lender	 
	 	 	 
	 	By:	/s/
Jacob W. Lewis	 
	 	Name: Jacob W. Lewis
Title: Authorized Signatory	 

 

	 	By:	/s/
Donovan C. Broussard	 
	 	Name: Donovan C. Broussard
Title: Authorized Signatory	 

 

Signature
                                         Page to 

Extension
Agreement and First Amendment 

to
Second Amended and Restated Credit Agreement

     

     

    

	 	CREDIT SUISSE AG, CAYMAN ISLANDS
    BRANCH, as an Exiting Lender	 
	 	 	 
	 	By:	/s/
Judith E. Smith	 
	 	Name: Judith E. Smith
Title: Authorized Signatory	 

 

  

	 	By:	/s/
Nicholas Thierry	 
	 	Name: Nicholas Thierry
Title: Authorized Signatory	 

 

Signature
Page to 

Extension
Agreement and First Amendment 

to
Second Amended and Restated Credit Agreement

 

     

     

    

	 	THE HUNTINGTON NATIONAL BANK,
    as an Exiting Lender	 
	 	 	 
	 	By:	/s/
Joshua D. Elsea	 
	 	Name: Joshua D. Elsea
Title: Senior Vice President	 

 

Signature
Page to 

Extension
Agreement and First Amendment 

to
Second Amended and Restated Credit Agreement

 

     

     

    

ANNEX
A

 

 [Attached]

 

     

     

    

 

 

CUSIP
Number: 26883HAA7

 

$2,500,000,000

 

SECOND
AMENDED AND RESTATED CREDIT AGREEMENT

 

Dated
as of July 31, 2017

 

among

 

EQT
CORPORATION,

as the Borrower,

 

PNC
BANK, NATIONAL ASSOCIATION,

as Administrative Agent, Swing Line Lender and L/C Issuer,

 

The
Other L/C Issuers Named Herein

and

The
Other Lenders Party Hereto

 

 

 

WELLS
FARGO BANK, NATIONAL ASSOCIATION,

BANK
OF AMERICA, N.A.,

BARCLAYS
BANK PLC,

CITIBANK,
N.A.,

JPMORGAN
CHASE BANK, N.A.,

MUFG
BANK, LTD.,

and

ROYAL
BANK OF CANADA,

as

Co-Syndication Agents

 

PNC
CAPITAL MARKETS LLC,

WELLS FARGO SECURITIES, LLC,

BARCLAYS
BANK PLC,

BOFA
SECURITIES, INC.,

CITIGROUP
GLOBAL MARKETS, INC.,

JPMORGAN
CHASE BANK, N.A.,

MUFG BANK, LTD.,

and

RBC
CAPITAL MARKETS,

as

Joint Lead Arrangers and Book Runners

 

 

     

     

    

TABLE
OF CONTENTS

 

	Article
    I. DEFINITIONS AND ACCOUNTING TERMS	1
	1.01.   Defined
    Terms	1
	1.02.   Other
    Interpretive Provisions	25
	1.03.   Accounting
    Terms	25
	1.04.   Rounding	26
	1.05.   References
    to Agreements and Laws	26
	1.06.   Times
    of Day	26
	1.07.   Letter
    of Credit Amounts	26
	1.08.   Eurodollar
    Rate Notification	26
	Article
    II. THE COMMITMENTS AND BORROWINGS	26
	2.01.   Committed
    Loans	26
	2.02.   Borrowings,
    Conversions and Continuations of Committed Loans	27
	2.03.   Letters
    of Credit	28
	2.04.   Swing
    Line Loans	35
	2.05.   Prepayments	37
	2.06.   Termination
    or Reduction of Commitments	38
	2.07.   Repayment
    of Loans	38
	2.08.   Interest	38
	2.09.   Fees	39
	2.10.   Computation
    of Interest and Fees	40
	2.11.   Evidence
    of Debt	40
	2.12.   Payments
    Generally	40
	2.13.   Sharing
    of Payments	42
	2.14.   Extension
    of Stated Maturity Date	43
	2.15.   Increase
    in Commitments	44
	2.16.   Defaulting
    Lenders	46
	Article
    III. TAXES, YIELD PROTECTION AND ILLEGALITY	47
	3.01.   Taxes	47
	3.02.   Illegality	51
	3.03.   Inability
    to Determine Rates; Successor Eurodollar Rate Index	51
	3.04.   Increased
    Cost and Reduced Return; Capital Adequacy	58
	3.05.   Funding
    Losses	59
	3.06.   Matters
    Applicable to all Requests for Compensation	60

     i

     

    

	3.07.   Survival	60
	Article
    IV. CONDITIONS PRECEDENT TO CLOSING DATE AND TO CREDIT EXTENSIONS	60
	4.01.   Conditions
    of Closing Date and Initial Credit Extension	60
	4.02.   Conditions
    to all Credit Extensions	61
	Article
    V. REPRESENTATIONS AND WARRANTIES	62
	5.01.   Corporate
    Existence and Power	62
	5.02.   Corporate
    and Governmental Authorization; No Contravention	62
	5.03.   Binding
    Effect	62
	5.04.   Financial
    Information	62
	5.05.   Litigation	63
	5.06.   Compliance
    with ERISA	63
	5.07.   Environmental
    Matters	63
	5.08.   Taxes	63
	5.09.   Subsidiaries	64
	5.10.   Regulatory
    Restrictions on Borrowing; Margin Regulations	64
	5.11.   Full
    Disclosure	64
	5.12.   Anti-Money
    Laundering/International Trade Law Compliance	64
	5.13.   Compliance
    with FCPA	65
	5.14.   Affected
    Financial Institutions	65
	Article
    VI. AFFIRMATIVE COVENANTS	65
	6.01.   Information	65
	6.02.   Payment
    of Taxes	67
	6.03.   Maintenance
    of Property; Insurance	68
	6.04.   Conduct
    of Business and Maintenance of Existence	68
	6.05.   Compliance
    with Laws	68
	6.06.   Inspection
    of Property, Books and Records	68
	6.07.   Use
    of Proceeds	68
	6.08.   Governmental
    Approvals and Filings	68
	6.09.   Anti-Money
    Laundering/International Trade Law Compliance	69
	Article
    VII. NEGATIVE COVENANTS	69
	7.01.   Liens	69
	7.02.   Debt
    to Total Capital	70
	7.03.   Transactions
    with Affiliates	70
	7.04.   Limitation
    of Other Restrictions on Dividends by Subsidiaries, etc.	71

     ii

     

    

	7.05.   Mergers
    and Sales of Assets	71
	7.06.   Change
    in Nature of Business	71
	7.07.   Use
    of Proceeds	71
	7.08.   Unrestricted
    Midstream Entities	72
	Article
    VIII. EVENTS OF DEFAULT AND REMEDIES	72
	8.01.   Events
    of Default	72
	8.02.   Remedies
    Upon Event of Default	74
	8.03.   Application
    of Funds	75
	Article
    IX. ADMINISTRATIVE AGENT	75
	9.01.   Appointment
    and Authorization of Administrative Agent	75
	9.02.   Rights
    as a Lender	76
	9.03.   Exculpatory
    Provisions	76
	9.04.   Reliance
    by Administrative Agent	77
	9.05.   Indemnification
    of Administrative Agent	77
	9.06.   Delegation
    of Duties	77
	9.07.   Resignation
    of Administrative Agent	78
	9.08.   Non-Reliance
    on Administrative Agent and Other Lenders	78
	9.09.   No
    Other Duties, Etc.	79
	9.10.   Administrative
    Agent May File Proofs of Claim	79
	9.11.   No
    Reliance on Administrative Agent’s Customer Identification Program	79
	9.12.   Recovery
    of Erroneous Payments	80
	9.13.   Certain
    ERISA Matters	80
	Article
    X. MISCELLANEOUS	81
	10.01.   Amendments,
    Etc.	81
	10.02.   Notices;
    Effectiveness; Electronic Communication	82
	10.03.   No
    Waiver; Cumulative Remedies	83
	10.04.   Attorney
    Costs, Expenses and Taxes	84
	10.05.   Indemnification;
    Damage Waiver	84
	10.06.   Payments
    Set Aside	85
	10.07.   Successors
    and Assigns	85
	10.08.   Confidentiality	90
	10.09.   Set-off	91
	10.10.   Interest
    Rate Limitation	91
	10.11.   Counterparts	92
	10.12.   Integration	92

     iii

     

    

	10.13.   Survival
    of Representations and Warranties	92
	10.14.   Severability	92
	10.15.   Acknowledgement
    and Consent to Bail-In of Affected Financial Institutions	92
	10.16.   Mitigation
    Obligations; Replacement of Lenders	93
	10.17.   Governing
    Law	94
	10.18.   No
    Advisory or Fiduciary Responsibility	94
	10.19.   Waiver
    of Right to Trial by Jury	95
	10.20.   USA
    PATRIOT Act Notice	95
	10.21.   Amendment
    and Restatement	96
	10.22.   Acknowledgement
    Regarding Any Supported QFCs	96
	10.23.   ENTIRE
    AGREEMENT	97

     iv

     

    

SCHEDULES

 

		2.01	Commitments
and Pro Rata Shares
		10.02	Administrative
Agent’s Office, Certain Addresses for Notices

 

EXHIBITS 

 

Form
of

 

		A-1	Committed
Loan Notice
		A-2	Swing
Line Loan Notice
		B	Note
		C	Compliance
Certificate
		D	Assignment
and Assumption
		E-1:	Form
                                         of U.S. Tax Compliance Certificate (For Foreign Lenders That Are Not Partnerships for
                                         U.S. Federal Income Tax Purposes)

		E-2:	Form
                                         of U.S. Tax Compliance Certificate (For Foreign Participants That Are Not Partnerships
                                         for U.S. Federal Income Tax Purposes)

		E-3:	Form
                                         of U.S. Tax Compliance Certificate (For Foreign Participants That Are Partnerships for
                                         U.S. Federal Income Tax Purposes)

		E-4:	Form
                                         of U.S. Tax Compliance Certificate (For Foreign Lenders That Are Partnerships for U.S.
                                         Federal Income Tax Purposes)

     v

     

    

SECOND
AMENDED AND RESTATED CREDIT AGREEMENT

 

This
SECOND AMENDED AND RESTATED CREDIT AGREEMENT (“Agreement”) is entered into as of July 31, 2017, among EQT CORPORATION,
a Pennsylvania corporation (the “Borrower”), each lender from time to time party hereto (collectively, the
 “Lenders” and individually, a “Lender”), PNC Bank, National Association, as Administrative
Agent, Swing Line Lender, and an L/C Issuer, and the other L/C Issuers named herein.

 

The
Borrower, each of the Lenders other than the New Lenders, and PNC Bank, National Association, as administrative agent, are party
to that certain Amended and Restated Revolving Credit Agreement dated February 18, 2014 (the “Existing Credit Agreement”).

 

The
Borrower and the Lenders wish to amend and restate the Existing Credit Agreement on the terms and conditions set forth herein.

 

In
consideration of the mutual covenants and agreements herein contained, the parties hereto covenant and agree as follows:

 

Article
I. 

DEFINITIONS AND ACCOUNTING TERMS

 

1.01.       Defined
Terms. As used in this Agreement, the following terms shall have the meanings
set forth below:

 

“Acquisition”
means the acquisition of REI by the Borrower in accordance with the terms of the Acquisition Agreement.

 

“Acquisition
Agreement” means that certain Agreement and Plan of Merger dated as of June 19, 2017 among the Borrower, certain of
its subsidiaries, and REI.

 

“Acquisition
Closing Date” means the “Closing Date” as defined in the Acquisition Agreement.

 

“Acquisition
Increase Amount” means the increase in the Aggregate Commitments to occur on the Acquisition Increase Date in the amount
of $1,000,000,000, as such amount may be reduced from time to time pursuant to Section 2.06.

 

“Acquisition
Increase Date” has the meaning given such term in Section 2.15(a).

 

“Acquisition
Termination Date” means the earlier to occur of (i) the date that the Acquisition Agreement terminates in accordance
with its terms prior to the consummation of the Acquisition, and (ii) May 19, 2018.

 

“Administrative
Agent” means PNC Bank in its capacity as administrative agent under any of the Loan Documents, or any successor administrative
agent.

 

“Administrative
Agent’s Office” means the Administrative Agent’s address and, as appropriate, account as set forth on Schedule
10.02, or such other address or account as the Administrative Agent may from time to time notify the Borrower and the Lenders.

 

“Administrative
Questionnaire” means an Administrative Questionnaire in a form supplied by the Administrative Agent.

     

     

    

“Affected
Financial Institution” means (a) any EEA Financial Institution or (b) any UK Financial Institution.

 

“Affiliate”
means, with respect to any Person, another Person that directly, or indirectly through one or more intermediaries, Controls or
is Controlled by or is under common Control with the Person specified. “Control” means the possession, directly
or indirectly, of the power to direct or cause the direction of the management or policies of a Person, whether through the ability
to exercise voting power, by contract or otherwise. “Controlling” and “Controlled” have
meanings correlative thereto.

 

“Agent-Related
Persons” means each of the Administrative Agent and each L/C Issuer, together with its respective Affiliates, and the
officers, directors, employees, agents and attorneys-in-fact of such Persons and Affiliates.

 

“Aggregate
Commitments” means the Commitments of all the Lenders.

 

“Agreement”
means this Credit Agreement.

 

“Anti-Terrorism
Laws” shall mean any Laws applicable to the Borrower or its Subsidiaries relating to terrorism, trade sanctions programs
and embargoes, import/export licensing, money laundering or bribery, and any regulation, order, or directive promulgated, issued
or enforced pursuant to such Laws, all as amended, supplemented or replaced from time to time.

 

“Applicable
Rate” means, from time to time, the following percentages per annum (set forth in basis points), based upon the Public
Debt Ratings as set forth below:

 

	Pricing

    Level	 	Public
    Debt Ratings
 S&P/Moody’s/Fitch	 	Commitment
    

Fee	 	Eurodollar

    Rate	 	Letters
    of
 Credit	 	Base

    Rate
	1	 	A-/A3/A-
    or higher	 	10.0
    bps	 	100
    bps	 	100
    bps	 	0.0
    bps
	2	 	BBB+/Baa1/BBB+	 	12.5
    bps	 	112.5
    bps	 	112.5
    bps	 	12.5
    bps
	3	 	BBB/Baa2/BBB	 	15.0
    bps	 	125.0
    bps	 	125.0
    bps	 	25.0
    bps
	4	 	BBB-/Baa3/BBB-	 	20.0bps	 	150.0
    bps	 	150.0
    bps	 	50.0
    bps
	5	 	BB+/Ba1/BB+	 	25.0
    bps	 	175.0
    bps	 	175.0
    bps	 	75.0
    bps
	6	 	BB/Ba2/BB	 	30.0
    bps	 	200.0
    bps	 	200.0
    bps	 	100.0
    bps
	7	 	BB-/Ba3/BB-
    or lower	 	35.0
    bps	 	225.0
    bps	 	225.0
    bps	 	125.0
    bps

 

“Public
Debt Ratings” means a rating to be based on the Borrower’s long-term senior unsecured non-credit enhanced debt
ratings (“Senior Unsecured Ratings”) established by S&P, Moody’s, and Fitch. If at any time there
is a split in Senior Unsecured Ratings among S&P, Moody’s, and Fitch and (a) two Senior Unsecured Ratings are equal
and higher than the third Senior Unsecured Rating, the higher Senior Unsecured Ratings will apply, (b) two Senior Unsecured Ratings
are equal and lower than the third Senior Unsecured Rating, the lower Senior Unsecured Ratings will apply, or (c) no Senior Unsecured
Ratings are equal, the intermediate Senior Unsecured Rating will apply. In the event that the Borrower shall maintain Senior Unsecured
Ratings from only two of S&P, Moody’s, or Fitch, and there is a split in such Senior Unsecured Ratings, (i) in the event
of a single level split, the higher Senior Unsecured Rating (i.e. the lower pricing) will apply and (ii) in the event of a multiple
level split, the pricing will be based on the rating one level lower than the higher of the two. If only S&P, Moody’s,
or Fitch issues a rating then such rating shall apply. In the event that the Borrower’s senior unsecured long-term debt
is not rated by any of S&P, Moody’s or Fitch, then the Applicable Rate shall be calculated at Pricing Level 7.

    2 

     

    

Each
change in the Applicable Rate resulting from a publicly announced change in the Public Debt Ratings shall be effective during
the period commencing on the date of the public announcement thereof and ending on the date immediately preceding the effective
date of the next such change.

 

“Approved
Fund” has the meaning specified in Section 10.07(h).

 

“Arranger”
means each of PNC Capital Markets LLC, Wells Fargo Securities, LLC, BofA Securities, Inc., Barclays, Citigroup Global Markets,
Inc., JP Morgan Chase Bank, N.A., MUFG Bank, Ltd. and RBC Capital Markets, each in their capacity as joint lead arrangers and
book runners.

 

“Assignee
Group” means two or more Eligible Assignees that are Affiliates of one another or two or more Approved Funds managed
by the same investment advisor.

 

“Assignment
and Assumption” means an Assignment and Assumption substantially in the form of Exhibit D.

 

“Attorney
Costs” means and includes all fees, expenses and disbursements of any law firm or other external counsel and, without
duplication, the allocated cost of internal legal services and all expenses and disbursements of internal counsel.

 

“Audited
Financial Statements” means the audited consolidated balance sheet of the Borrower and its Subsidiaries for the fiscal
year ended December 31, 2016 and the related consolidated statements of income or operations, shareholders’ equity and cash
flows for such fiscal year of the Borrower and its Subsidiaries, including the notes thereto.

 

“Authorizations”
means all filings, recordings, and registrations with, and all validations or exemptions, approvals, orders, authorizations, consents,
franchises, licenses, certificates, and permits from, any Governmental Authority.

 

“Available
Tenor” has the meaning given such term in Section 3.03(b).

 

“Availability
Period” means the period from and including the Closing Date to the Maturity Date.

 

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

 

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

 

“Bank
of America” means Bank of America, N.A., and its successors.

    3 

     

    

“Bankruptcy
Event” shall have the meaning given to such term in the definition of “Defaulting Lender”.

 

“Barclays”
means Barclays Bank PLC, and its successors.

 

“Base
Rate” means, for any day, a fluctuating per annum rate of interest equal to the highest of (a) the Federal Funds Open
Rate plus 0.5%, (b) the Prime Rate, and (c) the Published Rate plus 1.0%. Any change in the Base Rate (and in any
of the alternative components thereof) shall take effect at the opening of business on the day such change occurs.

 

“Base
Rate Committed Loan” means a Committed Loan that bears interest based on the Base Rate.

 

“Base
Rate Loan” means a Loan that bears interest based on the Base Rate. All Base Rate Loans shall be denominated in Dollars.

 

“Benchmark”
has the meaning given such term in Section 3.03(b).

 

“Benchmark
Replacement” has the meaning given such term in Section 3.03(b).

 

“Benchmark
Replacement Adjustment” has the meaning specified in Section 3.03(b).

 

“Benchmark
Replacement Conforming Changes” has the meaning specified in Section 3.03(b).

 

“Benchmark
Replacement Date” has the meaning specified in Section 3.03(b).

 

“Benchmark
Transition Event” has the meaning specified in Section 3.03(b).

 

“Benchmark
Unavailability Period” has the meaning specified in Section 3.03(b).

 

“Benefit
Arrangement” means, at any time, an employee benefit plan within the meaning of Section 3(3) of ERISA which is not a
Plan or a Multiemployer Plan and which is maintained or otherwise contributed to by any member of the ERISA Group.

 

“BHC
Act Affiliate” has the meaning specified in Section 10.22.

 

“Borrower”
has the meaning specified in the introductory paragraph hereto.

 

“Borrower
Materials” has the meaning specified in Section 6.01.

 

“Borrowing”
means a Committed Borrowing or a Swing Line Borrowing, as the context may require.

 

“Business
Day” means any day other than a Saturday, Sunday or other day on which commercial banks are authorized to close under
the Laws of, or are in fact closed in, the state where the Administrative Agent’s Office is located and, if such day relates
to any Eurodollar Rate Loan, means any such day on which dealings in Dollar deposits are conducted by and between banks in the
London interbank eurodollar market.

 

“Cash
Collateralize” has the meaning specified in Section 2.03(g).

    4 

     

    

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

 

“Change
of Control” means, with respect to any Person, an event or series of events by which:

 

(a)       any
 “person” or “group” (as such terms are used in Sections 13(d) and 14(d) of the Securities
Exchange Act of 1934, but excluding any employee benefit plan of such person or its subsidiaries, and any person or entity acting
in its capacity as trustee, agent or other fiduciary or administrator of any such plan) becomes the “beneficial owner”
(as defined in Rules 13d-3 and 13d-5 under the Securities Exchange Act of 1934, except that a person or group shall be deemed
to have “beneficial ownership” of all securities that such person or group has the right to acquire (such right, an
 “option right”), whether such right is exercisable immediately or only after the passage of time), directly
or indirectly, of 33-1/3% or more of the equity securities of such Person entitled to vote for members of the board of directors
or equivalent governing body of such Person on a fully-diluted basis (and taking into account all such securities that such person
or group has the right to acquire pursuant to any option right); or

 

(b)       during
any period of 12 consecutive months, a majority of the members of the board of directors or other equivalent governing body of
such Person cease to be composed of individuals (i) who were members of that board or equivalent governing body on the first day
of such period, (ii) whose election or nomination to that board or equivalent governing body was approved by individuals referred
to in clause (i) above constituting at the time of such election or nomination at least a majority of that board or equivalent
governing body or (iii) whose election or nomination to that board or other equivalent governing body was approved by individuals
referred to in clauses (i) and (ii) above constituting at the time of such election or nomination at least a majority of that
board or equivalent governing body.

 

“CIP
Regulations” has the meaning specified in Section 9.11.

 

“Citibank”
means Citibank, N.A., and its successors.

 

“Closing
Date” means July 31, 2017, which is the first date all the conditions precedent in Section 4.01 are satisfied
or waived in accordance with Section 4.01 (or, in the case of Section 4.01(b), waived by the Person entitled to
receive the applicable payment).

 

“Code”
means the Internal Revenue Code of 1986.

 

“Commitment”
means, as to each Lender, its obligation to (a) make Committed Loans to the Borrower pursuant to Section 2.01, (b) purchase
participations in L/C Obligations, and (c) purchase participations in Swing Line Loans, in an aggregate principal amount at any
one time outstanding not to exceed the amount set forth opposite such Lender’s name on Schedule 2.01 or in the Assignment
and Assumption pursuant to which such Lender becomes a party hereto, as applicable, as such amount may be adjusted from time to
time in accordance with this Agreement (including Section 2.15 hereof).

    5 

     

    

“Committed
Borrowing” means a Borrowing consisting of simultaneous Committed Loans of the same Type and, in the case of Eurodollar
Rate Loans, having the same Interest Period made by each of the Lenders pursuant to Section 2.01.

 

“Committed
Loan” has the meaning specified in Section 2.01.

 

“Committed
Loan Notice” means a notice of (a) a Borrowing of Committed Loans, (b) a conversion of Committed Loans from one Type
to the other, or (c) a continuation of Eurodollar Rate Loans, pursuant to Section 2.02(a), which shall be substantially
in the form of Exhibit A-1.

 

“Compliance
Certificate” means a certificate substantially in the form of Exhibit C.

 

“Consolidated
Debt” means, as of any date of determination, the Debt of the Borrower and its Subsidiaries on a consolidated basis
other than (i) Non-Recourse Debt, (ii) Designated Hybrid Equity Securities, and (iii) for any date of determination prior to the
earlier to occur of the Acquisition Closing Date or the date that is 30 days after the Acquisition Termination Date, any Debt
of the Borrower or any of its Subsidiaries that has been issued for the purpose of financing the Acquisition that contains a “special
mandatory redemption” (or similar) provision requiring or permitting such Debt to be redeemed or repaid if the Acquisition
is not consummated by a certain date, provided that any such Debt shall only be excluded from “Consolidated Debt”
to the extent the proceeds of such Debt are held as cash or cash equivalents of the Borrower or any of its Subsidiaries. For the
avoidance of doubt, Consolidated Debt shall not include any Debt of any Unrestricted Midstream Entity.

 

“Consolidated
Subsidiaries” means, at any date, any Subsidiary or other entity (other than any Unrestricted Midstream Entity), the
accounts of which would be consolidated with those of the Borrower in its consolidated financial statements prepared in accordance
with GAAP if such statements were prepared as of such date.

 

“Control”
has the meaning specified in the definition of “Affiliate.”

 

“Corresponding
Tenor” has the meaning given such term in Section 3.03(b).

 

“Covered
Entity” has the meaning specified in Section 10.22.

 

“Covered
Party” has the meaning specified in Section 10.22.

 

“Credit
Extension” means each of the following: (a) a Borrowing and (b) an L/C Credit Extension.

 

“Credit
Party” means any of the Administrative Agent, the L/C Issuers, the Swing Line Lender and the other Lenders.

 

“Daily
Floating Eurodollar Rate” means, with respect to any Daily Floating Eurodollar Rate Loan for each day that it is a Daily
Floating Eurodollar Rate Loan, the rate per annum determined by the Administrative Agent to be the Published Rate on such day.

 

“Daily
Floating Eurodollar Rate Loan” means a Swing Line Loan that bears interest at a rate based upon the Daily Floating Eurodollar
Rate.

    6 

     

    

“Daily
Simple SOFR” has the meaning given such term in Section 3.03(b).

 

“Debt”
means, as to any Person at a particular time, without duplication, all of the following, whether or not included as Debt or liabilities
in accordance with GAAP:

 

(a)       all
obligations of such Person for borrowed money and all obligations of such Person evidenced by bonds, debentures, notes, loan agreements
or other similar instruments;

 

(b)      all
non-contingent obligations (and, for purposes of Section 8.01(e) and the definitions of Material Debt and Material Financial
Obligations, all contingent obligations) of such Person arising under letters of credit (including standby and commercial), bankers’
acceptances, bank guaranties, surety bonds and similar instruments;

 

(c)       all
obligations of such Person to pay the deferred purchase price of property or services (other than trade accounts payable in the
ordinary course of business);

 

(d)      debt
(excluding prepaid interest thereon) secured by a Lien on property owned or being purchased by such Person (including debt arising
under conditional sales or other title retention agreements), whether or not such debt shall have been assumed by such Person
or is limited in recourse;

 

(e)       capital
leases;

 

(f)       to
the extent required to be included on the Borrower’s consolidated balance sheet as debt or liabilities in accordance with
GAAP, Synthetic Lease Obligations;

 

(g)      all
obligations of such Person for the payment of money under Production Payments; and

 

(h)      all
Guarantees of such Person in respect of any of the foregoing.

 

For
all purposes hereof, the Debt of the Borrower shall include the Debt of any partnership or joint venture (other than a joint venture
that is itself a corporation or limited liability company) in which the Borrower or any Subsidiary of the Borrower is a general
partner or a joint venturer (provided, however, for the avoidance of doubt, as used in this sentence “joint
venturer” shall not include a limited partner in a limited partnership), unless such Debt is expressly made non-recourse
to the Borrower or Subsidiary, as applicable. Notwithstanding the foregoing, Debt of the Borrower and its Subsidiaries will be
deemed not to include Debt of the EQM General Partner, the EQGP General Partner, or the RMP General Partner which arises by operation
of law as a consequence of EQM, EQGP, or RMP being the general partner of EQM, EQGP or RMP, as applicable.

 

“Debtor
Relief Laws” means the Bankruptcy Code of the United States, and all other liquidation, conservatorship, bankruptcy,
assignment for the benefit of creditors, moratorium, rearrangement, receivership, insolvency, reorganization, or similar debtor
relief Laws of the United States or other applicable jurisdictions from time to time in effect and affecting the rights of creditors
generally.

 

“Default”
means any event or condition that constitutes an Event of Default or that, with the giving of any notice, the passage of time,
or both, would be an Event of Default.

 

“Default
Rate” means an interest rate equal to (a) the Base Rate plus (b) the Applicable Rate, if any, applicable to Base
Rate Loans plus (c) 2% per annum; provided, however, that with respect to a Eurodollar Rate Loan, the Default
Rate shall be an interest rate equal to the interest rate (including any Applicable Rate) otherwise applicable to such Loan plus
2% per annum, in each case to the fullest extent permitted by applicable Laws.

    7 

     

    

“Default
Right” has the meaning specified in Section 10.22.

 

“Defaulting
Lender” means any Lender that (a) has failed, within two Business Days of the date required to be funded or paid, to
(i) fund any portion of its Loans, (ii) fund any portion of its participations in Letters of Credit or Swing Line Loans or (iii)
pay over to any Credit Party any other amount required to be paid by it hereunder, unless, in the case of clause (i) above, such
Lender notifies the Administrative Agent in writing that such failure is the result of such Lender’s good faith determination
that a condition precedent to funding (specifically identified and including the particular default, if any) has not been satisfied,
(b) has notified the Borrower or any Credit Party in writing, or has made a public statement to the effect, that it does not intend
or expect to comply with any of its funding obligations under this Agreement (unless such writing or public statement indicates
that such position is based on such Lender’s good faith determination that a condition precedent (specifically identified
and including the particular default, if any) to funding a loan under this Agreement cannot be satisfied), (c) has failed, within
three Business Days after request by a Credit Party, acting in good faith, to provide a certification in writing from an authorized
officer of such Lender that it will comply with its obligations (and is financially able to meet such obligations) to fund prospective
Loans and participations in then outstanding Letters of Credit and Swing Line Loans under this Agreement, provided that such Lender
shall cease to be a Defaulting Lender pursuant to this clause (c) upon such Credit Party’s receipt of such certification
in form and substance satisfactory to it and the Administrative Agent, or (d) has become the subject of a Bankruptcy Event or
become the subject of a Bail-in Action.

 

As
used in this definition and in Section 2.16, the term “Bankruptcy Event” means, with respect to any
Person, such Person becomes the subject of a bankruptcy or insolvency proceeding, or has had a receiver, conservator, trustee,
administrator, custodian, assignee for the benefit of creditors or similar Person charged with the reorganization or liquidation
of its business appointed for it, or, in the good faith determination of the Administrative Agent, has taken any action in furtherance
of, or indicating its consent to, approval of, or acquiescence in, any such proceeding or appointment, provided that a
Bankruptcy Event shall not result solely by virtue of any ownership interest, or the acquisition of any ownership interest, in
such Person by a Governmental Authority or instrumentality thereof if, and only if, such ownership interest does not result in
or provide such Person with immunity from the jurisdiction of courts within the United States or from the enforcement of judgments
or writs of attachment on its assets or permit such Person (or such Governmental Authority or instrumentality) to reject, repudiate,
disavow or disaffirm any contracts or agreements made by such Person.

 

“Designated
Hybrid Equity Securities” means at any time Hybrid Equity Securities in an outstanding principal amount equal to the
lesser of (i) the outstanding principal amount of Hybrid Equity Securities at such time, and (ii) 10% of Total Capital at such
time.

 

“Dollar”
and “$” mean lawful money of the United States.

 

“Domestic”
means organized under the laws of any state of the United States.

 

“Early
Opt-in Election” has the meaning specified in Section 3.03(b).

 

“EEA
Financial Institution” means (a) any credit institution or investment firm established in any EEA Member Country which
is subject to the supervision of an EEA Resolution Authority, (b) any entity established in an EEA Member Country which is a parent
of an institution described in 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.

    8 

     

    

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

 

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

 

“Eligible
Assignee” has the meaning specified in Section 10.07(h).

 

“Environmental
Laws” means any and all Federal, state, local, and foreign statutes, laws, regulations, ordinances, rules, judgments,
orders, decrees, permits, concessions, grants, franchises, licenses, agreements or governmental restrictions relating to pollution
and the protection of the environment or the release of any materials into the environment, including those related to hazardous
substances or wastes, air emissions and discharges to waste or public systems.

 

“Environmental
Liability” means any liability, contingent or otherwise (including any liability for damages, costs of environmental
remediation, fines, penalties or indemnities), of the Borrower or any of its Subsidiaries directly or indirectly resulting from
or based upon (a) violation of any Environmental Law, (b) the generation, use, handling, transportation, storage, treatment or
disposal of any Hazardous Substances, (c) exposure to any Hazardous Substances, (d) the release or threatened release of any Hazardous
Substances into the environment or (e) any contract, agreement or other consensual arrangement pursuant to which liability is
assumed or imposed with respect to any of the foregoing.

 

“EQGP”
means EQT GP Holdings, LP, a Delaware limited partnership, and its successors.

 

“EQGP
General Partner” means, as of the Closing Date, EQT GP Services, LLC, a Delaware limited liability company, and thereafter,
each successor general partner of EQGP.

 

“EQM”
means EQT Midstream Partners, LP, a Delaware limited partnership, and its successors.

 

“EQM
General Partner” means, as of the Closing Date, EQT Midstream Services, LLC, a Delaware limited liability company, and
thereafter, each successor general partner of EQM.

 

“EQM
Subsidiary” means a Subsidiary of EQM.

 

“EQM
Unrestricted Entity” means each of the following entities, so long as such entity is a Subsidiary (without giving effect
to the proviso in the definition of “Subsidiary”) of the Borrower: (1) EQM and each EQM Subsidiary, and (2) from and
at all times after the written election of the Borrower delivered to the Administrative Agent at any time EQGP and its Subsidiaries
(other than EQM and each EQM Subsidiary), provided that (i) EQGP owns, directly or indirectly, a majority of the voting equity
interests of EQM General Partner, and (ii) no Default or Event of Default shall exist prior to or immediately after giving effect
to such written election; provided however that at any time that any such entity is wholly owned directly or indirectly
by the Borrower, it shall not be an EQM Unrestricted Entity.

 

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

    9 

     

    

“ERISA
Group” means the Borrower, any Subsidiary and all members of a controlled group of corporations and all trades or businesses
(whether or not incorporated) under common control which, together with the Borrower or any Subsidiary, are treated as a single
employer under Section 414 of the Code.

 

“EU
Bail-In Legislation Schedule” means the EU Bail-In Legislation Schedule published by the Loan Market Association (or
any successor person), as in effect from time to time.

 

“Eurodollar
Rate” means the Fixed Period Eurodollar Rate or the Daily Floating Eurodollar Rate.

 

“Eurodollar
Rate Loan” means a Fixed Period Eurodollar Rate Loan or a Daily Floating Eurodollar Rate Loan. Each reference to Eurodollar
Rate Loan when used in connection with Committed Loans shall mean a Fixed Period Eurodollar Rate Loan. Each reference to Eurodollar
Rate Loan when used in connection with Swing Line Loans shall mean a Daily Floating Eurodollar Rate Loan.

 

“Event
of Default” has the meaning specified in Section 8.01.

 

“Excluded
Subsidiary” means at any time a Subsidiary which is not a Material Subsidiary, and is organized solely for the purpose
of holding, directly or indirectly, an ownership interest in one entity or property (or related entities or properties), does
not engage in any business unrelated to such entity(ies) or property(ies) or the financing thereof and does not have any assets
or indebtedness other than those related to its interest in such entity(ies) or property(ies) or the financing thereof and which
shall have been identified as an Excluded Subsidiary at or prior to such time by notice from the Borrower to the Lenders. As of
the Closing Date, the Borrower has no Excluded Subsidiaries.

 

“Excluded
Taxes” means any of the following Taxes imposed on or with respect to a Recipient or required to be withheld or deducted
from a payment to a Recipient, (a) Taxes imposed on or measured by net income (however denominated), franchise Taxes (including,
for the avoidance of doubt, the Pennsylvania capital stock and foreign franchise tax), and branch profits Taxes, in each case,
(i) imposed as a result of such Recipient being organized under the laws of, or having its principal office or, in the case of
any Lender, its applicable lending office located in, the jurisdiction imposing such Tax (or any political subdivision thereof)
or (ii) that are Other Connection Taxes, (b) in the case of a Lender, U.S. federal withholding Taxes imposed on amounts payable
to or for the account of such Lender with respect to an applicable interest in a Loan or Commitment or otherwise under a Loan
Document pursuant to a law in effect on the date on which (i) such Lender acquires such interest in the Loan or Commitment or
becomes a party hereunder (other than pursuant to an assignment request by the Borrower under Section 10.16) or (ii) such
Lender changes its lending office, except in each case to the extent that, pursuant to Section 3.01(b), amounts with respect
to such Taxes were payable either to such Lender’s assignor immediately before such Lender became a party hereto or to such
Lender immediately before it changed its lending office, (c) Taxes attributable to such Recipient’s failure to comply with
Section 3.01(g), and (d) any U.S. federal withholding Taxes imposed under FATCA.

 

“Existing
Credit Agreement” has the meaning specified in the recital hereto.

 

“Existing
Letters of Credit” means each of the letters of credit issued under the Existing Credit Agreement outstanding on the
Closing Date.

 

“FATCA”
means Sections 1471 through 1474 of the Code, as of the date of this Agreement (or any amended or successor version that is substantively
comparable and not materially more onerous to comply with), any current or future regulations or official interpretations thereof,
any agreements entered into pursuant to Section 1471(b)(1) of the Code and any intergovernmental agreements that implement or
modify the foregoing (together with any law implementing such agreements).

    10 

     

    

“Federal
Funds Open Rate” means, for any day, the rate per annum (based on a year of 360 days and actual days elapsed) which
is the daily federal funds open rate as quoted by ICAP North America, Inc. (or any successor) as set forth on the Bloomberg Screen
BTMM for that day opposite the caption “OPEN” (or on such other substitute Bloomberg Screen that displays such rate),
or as set forth on such other recognized electronic source used for the purpose of displaying such rate as selected by the Administrative
Agent (for purposes of this definition, an “Alternate Source”) or if such rate for such day does not appear on the
Bloomberg Screen BTMM (or any substitute screen) or on any Alternate Source, or if there shall at any time, for any reason, no
longer exist a Bloomberg Screen BTMM (or any substitute screen) or any Alternate Source, a comparable replacement rate determined
by the Administrative Agent at such time (which determination shall be conclusive absent manifest error); provided however,
that if such day is not a Business Day, the Federal Funds Open Rate for such day shall be the “open” rate on the immediately
preceding Business Day. If and when the Federal Funds Open Rate changes, the rate of interest with respect to any advance to which
the Federal Funds Open Rate applies will change automatically without notice to the Borrower, effective on the date of any such
change.

 

“Fee
Letters” means, collectively, (i) the letter agreement, dated July 12, 2017 among the Borrower, PNC Capital Markets
LLC, PNC Bank, Wells Fargo Securities, LLC and Wells Fargo, and (ii) the letter agreement, dated July 31, 2017 among the Borrower,
MUFG, Merrill Lynch, Pierce, Fenner & Smith Incorporated, Bank of America, Barclays, Citigroup Global Markets, Inc., Citibank,
N.A., Goldman Sachs Bank USA and JPM, and (iii) the letter agreement, dated July 12, 2017 among the Borrower and the Administrative
Agent.

 

“Fitch”
means Fitch Ratings Inc. and any successor thereto.

 

“Fixed
Period Eurodollar Rate” means, with respect to any Fixed Period Eurodollar Rate Loan for the Interest Period applicable
to such Fixed Period Eurodollar Rate Loan, the rate per annum determined by the Administrative Agent by dividing (the resulting
quotient rounded upwards, if necessary, to the nearest 1/100th of 1% per annum) (i) the rate which appears on the Bloomberg Page
BBAM1 (or on such other successor or substitute page that displays rates at which US dollar deposits are offered by leading banks
in the London interbank deposit market), or if the rate specified in clause (i) of this definition does not so appear on the Bloomberg
Page BBAM1 (or any successor or substitute page) the rate which is quoted by another nationally recognized source selected by
the Administrative Agent and reasonably acceptable to the Borrower which displays rates at which US dollar deposits are offered
by leading banks in the London interbank deposit market (for purposes of this definition, an “Alternate Source”),
at approximately 11:00 a.m., London time, two (2) Business Days prior to the commencement of such Interest Period as the London
interbank offered rate for U.S. Dollars for an amount comparable to the amount of the Borrowing in which such Fixed Period Eurodollar
Rate Loan is included and having a borrowing date and a maturity comparable to such Interest Period (or if there shall at any
time, for any reason, no longer exist a Bloomberg Page BBAM1 (or any successor or substitute page) or any Alternate Source, a
comparable replacement rate determined by the Administrative Agent at such time (which determination shall be conclusive absent
manifest error)), by (ii) a number equal to 1.00 minus the LIBOR Reserve Percentage. The Fixed Period Eurodollar Rate may also
be expressed by the following formula: 

    11 

     

    

	 	London
                                         interbank offered rate quoted by Bloomberg	 
	Eurodollar
Rate =
	or
                                         appropriate successor as shown on Bloomberg Page BBAM1	 
	 	1.00
                                         - LIBOR Reserve Percentage	 

  

The
Fixed Period Eurodollar Rate shall be adjusted with respect to any Fixed Period Eurodollar Rate Loan that is outstanding on the
effective date of any change in the LIBOR Reserve Percentage as of such effective date. The Administrative Agent shall give prompt
notice to the Borrower of the Fixed Period Eurodollar Rate as determined or adjusted in accordance herewith, which determination
shall be conclusive absent manifest error. Notwithstanding anything in this definition to the contrary, if the Fixed Period Eurodollar
Rate shall be less than zero, such rate shall be deemed zero for purposes of this Agreement.

 

“Fixed
Period Eurodollar Rate Loan” means a Loan that bears interest at a rate of interest based on the Fixed Period Eurodollar
Rate.

 

“Floor”
has the meaning given such term in Section 3.03(b).

 

“Foreign
Lender” means a Lender that is not a U.S. Person.

 

“Forward
Sale” means an obligation to deliver oil, gas or other minerals to be acquired or produced in the future in consideration
of advance payment therefor.

 

“FRB”
means the Board of Governors of the Federal Reserve System of the United States.

 

“Fund”
has the meaning specified in Section 10.07(h).

 

“GAAP”
means generally accepted accounting principles in the United States set forth in the opinions and pronouncements of the Accounting
Principles Board and the American Institute of Certified Public Accountants and statements and pronouncements of the Financial
Accounting Standards Board or such other principles as may be approved by a significant segment of the accounting profession in
the United States, that are applicable to the circumstances as of the date of determination, consistently applied.

 

“Governmental
Authority” means any nation or government, any state or other political subdivision thereof, any agency, authority,
instrumentality, regulatory body, court, administrative tribunal, central bank or other entity exercising executive, legislative,
judicial, taxing, regulatory or administrative powers or functions of or pertaining to government (including any supra-national
bodies such as the European Union or the European Central Bank).

 

“Granting
Lender” has the meaning specified in Section 10.07(i).

 

“Guarantee”
means, as to any Person, any (a) any obligation, contingent or otherwise, of such Person guaranteeing or having the economic effect
of guaranteeing any Debt or other obligation payable or performable by another Person (the “primary obligor”) in any
manner, whether directly or indirectly, and including any obligation of such Person, direct or indirect, (i) to purchase or pay
(or advance or supply funds for the purchase or payment of) such Debt or other obligation, (ii) to purchase or lease property,
securities or services for the purpose of assuring the obligee in respect of such Debt or other obligation of the payment or performance
of such Debt or other obligation, (iii) to maintain working capital, equity capital or any other financial statement condition
or liquidity or level of income or cash flow of the primary obligor so as to enable the primary obligor to pay such Debt or other
obligation, or (iv) entered into for the purpose of assuring in any other manner the obligee in respect of such Debt or other
obligation of the payment or performance thereof or to protect such obligee against loss in respect thereof (in whole or in part),
or (b) any Lien on any assets of such Person securing any Debt or other obligation of any other Person, whether or not such Debt
or other obligation is assumed by such Person. The amount of any Guarantee shall be deemed to be an amount equal to the stated
or determinable amount of the related primary obligation, or portion thereof, in respect of which such Guarantee is made or, if
not stated or determinable, the maximum reasonably anticipated liability in respect thereof as determined by the guaranteeing
Person in good faith. The term “Guarantee” as a verb has a corresponding meaning.

    12 

     

    

“Hazardous
Substances” means all explosive or radioactive substances or wastes and all hazardous or toxic substances, wastes or
other pollutants, including petroleum or petroleum distillates, asbestos or asbestos-containing materials, polychlorinated biphenyls,
radon gas, infectious or medical wastes and all other substances or wastes of any nature regulated pursuant to any Environmental
Law.

 

“Hybrid
Equity Securities” means, on any date (the “determination date”), any securities issued by the Borrower
or a financing vehicle of the Borrower, other than common stock, that meet the following criteria: (a) (i) the Borrower demonstrates
that such securities are classified, at the time they are issued, as possessing a minimum of “intermediate equity content”
by S&P and “Basket B equity credit” by Moody’s (or the equivalent classifications then in effect by such
agencies) and (ii) on such determination date such securities are classified as possessing a minimum of “intermediate equity
content” by S&P or “Basket B equity credit” by Moody’s (or the equivalent classifications then in
effect by such agencies) and (b) such securities require no repayments or prepayments and no mandatory redemptions or repurchases,
in each case, prior to at least 91 days after the later of the termination of the Commitments and the repayment in full of the
Obligations. As used in this definition, “mandatory redemption” shall not include conversion of a security into common
stock.

 

“Indemnified
Liabilities” has the meaning set forth in Section 10.05.

 

“Indemnified
Taxes” means (a) Taxes, other than Excluded Taxes, imposed on or with respect to any payment made by or on account of
any obligation of the Borrower under any Loan Document and (b) to the extent not otherwise described in (a), Other Taxes.

 

“Indemnitees”
has the meaning set forth in Section 10.05.

 

“Information”
has the meaning set forth in Section 10.08.

 

“Interest
Payment Date” means, (a) as to any Loan other than a Base Rate Loan and other than a Daily Floating Eurodollar Rate
Loan, the last day of each Interest Period applicable to such Loan and the Maturity Date; provided, however, that
if any Interest Period for a Eurodollar Rate Loan exceeds three months, the respective dates that fall every three months after
the beginning of such Interest Period shall also be Interest Payment Dates; (b) as to any Base Rate Loan (including a Swing Line
Loan), the last Business Day of each March, June, September and December and the Maturity Date; and (c) as to any Daily Floating
Eurodollar Rate Loan, the last Business Day of each calendar month.

    13 

     

    

“Interest
Period” means, (a) with respect to any Fixed Period Eurodollar Rate Loan, the period commencing on the date such Fixed
Period Eurodollar Rate Loan is disbursed or converted to or continued as a Fixed Period Eurodollar Rate Loan and ending on the
date one, three or six months thereafter, as selected by the Borrower in its Committed Loan Notice, or (b) with respect to any
Daily Floating Eurodollar Rate Loan, the period commencing on the date such Daily Floating Eurodollar Rate Loan commences and
ending one Business Day thereafter; provided that:

 

(i)         any
Interest Period applicable to any Fixed Period Eurodollar Rate Loan which would otherwise end on a day that is not a Business
Day shall be extended to the next succeeding Business Day unless such Business Day falls in another calendar month, in which case
such Interest Period shall end on the immediately preceding Business Day;

 

(ii)        any
Interest Period applicable to any Daily Floating Eurodollar Rate Loan that would otherwise end on a day that is not a Business
Day shall be extended to the next succeeding Business Day;

 

(iii)       any
Interest Period applicable to any Fixed Period Eurodollar Rate Loan that begins on the last Business Day of a calendar month (or
on a day for which there is no numerically corresponding day in the calendar month at the end of such Interest Period) shall,
subject to the provisions of clause (i) above, end on the last Business Day of the calendar month at the end of such Interest
Period; and

 

(iv)       no
Interest Period shall extend beyond the Maturity Date.

 

“IRS”
means the United States Internal Revenue Service.

 

“ISDA
Definitions” has the meaning given such term in Section 3.03(b).

 

“ISP”
has the meaning set forth in Section 2.03(h).

 

“JPM”
means JPMorgan Chase Bank, N.A., and its successors.

 

“Laws”
means, collectively, all international, foreign, Federal, state and local statutes, treaties, rules, guidelines, regulations,
ordinances, codes and administrative or judicial precedents or authorities, including the interpretation or administration thereof
by any Governmental Authority charged with the enforcement, interpretation or administration thereof, and all applicable administrative
orders, directed duties, requests, licenses, authorizations and permits of, and agreements with, any Governmental Authority, in
each case whether or not having the force of law.

 

“L/C
Advance” means, with respect to each Lender, such Lender’s funding of its participation in any L/C Borrowing in
accordance with its Pro Rata Share.

 

“L/C
Borrowing” means an extension of credit resulting from a drawing under any Letter of Credit which has not been reimbursed
on the date when made or refinanced as a Borrowing.

 

“L/C
Credit Extension” means, with respect to any Letter of Credit, the issuance thereof or extension of the expiry date
thereof, or the increase of the amount thereof.

 

“L/C
Issuance Limit” means (a) with respect to each of PNC Bank, Wells Fargo, MUFG, Bank of America, Barclays, Citibank,
JPM and Royal Bank of Canada, $187,500,000 or such higher amount as shall have been agreed to in writing between such L/C Issuer
and the Borrower with a copy to the Administrative Agent, and (b) with respect to any Lender which agrees to be a L/C Issuer after
the Closing Date, the amount agreed in writing from time to time by such L/C Issuer, the Borrower and the Administrative Agent.

 

“L/C
Issuer” means each of PNC Bank, Wells Fargo, MUFG, Bank of America, Barclays, Citibank, JPM and Royal Bank of Canada
in its capacity as an issuer of Letters of Credit hereunder, and any additional Lender approved by the Administrative Agent and
the Borrower that has agreed in its sole discretion to act as an “L/C Issuer”, and any successor issuer of Letters
of Credit hereunder. As used herein, the term “the L/C Issuer” shall mean “each L/C Issuer” or “the
applicable L/C Issuer,” as the context may require.

    14 

     

    

“L/C
Obligations” means, as at any date of determination, the aggregate undrawn amount of all outstanding Letters of Credit
plus the aggregate of all Unreimbursed Amounts, including all L/C Borrowings. For purposes of computing the amount available
to be drawn under any Letter of Credit, the amount of such Letter of Credit shall be determined in accordance with Section
1.07. For all purposes of this Agreement, if on any date of determination a Letter of Credit has expired by its terms but
any amount may still be drawn thereunder by reason of the operation of Rule 3.14 of the ISP, such Letter of Credit shall be deemed
to be “outstanding” in the amount so remaining available to be drawn.

 

“Lender”
has the meaning specified in the introductory paragraph hereto and, as the context requires, includes the L/C Issuer and the Swing
Line Lender.

 

“Lending
Office” means, as to any Lender, the office or offices of such Lender described as such in such Lender’s Administrative
Questionnaire, or such other office or offices as a Lender may from time to time notify the Borrower and the Administrative Agent.

 

“Letter
of Credit” means (a) each of the Existing Letters of Credit, (b) any standby letter of credit issued on or after the
Closing Date hereunder, and (c) at the election of the Borrower by written notice to the Administrative Agent on or prior to the
Acquisition Closing Date, any outstanding letters of credit issued for the account of REI or its subsidiaries under credit facilities
of REI or its subsidiaries terminated on or after the date hereof and on or prior to the Acquisition Closing Date may be deemed
to be Letters of Credit hereunder from and after the Acquisition Closing Date; provided that (i) each such letter of credit
was issued by a L/C Issuer and the aggregate stated amount of such letters of credit, when added to the stated amount of all other
Letters of Credit issued by such L/C Issuer, would not result in the Outstanding Amount of the L/C Obligations with respect to
Letters of Credit issued by such L/C Issuer to exceed such L/C Issuer’s L/C Issuance Limit, and (ii) the aggregate stated
amount of such letters of credit, when added to the aggregate stated amount of all other Letters of Credit then outstanding, does
not result in (x) the Total Outstandings exceeding the Aggregate Commitments, (y) the aggregate Outstanding Amount of the Committed
Loans of any Lender, plus such Lender’s Pro Rata Share of the Outstanding Amount of all L/C Obligations, plus
such Lender’s Pro Rata Share of the Outstanding Amount of all Swing Line Loans exceeding such Lender’s Commitment,
or (z) the Outstanding Amount of the L/C Obligations exceeding the Letter of Credit Sublimit.

 

“Letter
of Credit Application” means an application, an application and agreement, or other similar document in the nature of
an application required by the L/C Issuer, for the issuance or amendment of a Letter of Credit, in the form from time to time
in use by the L/C Issuer.

 

“Letter
of Credit Expiration Date” means the day that is seven days prior to the Stated Maturity Date then in effect (or, if
such day is not a Business Day, the next preceding Business Day).

 

“Letter
of Credit Sublimit” means an amount equal to $1,500,000,000, as such amount may be reduced pursuant to Section 2.06.
The Letter of Credit Sublimit is part of, and not in addition to, the Aggregate Commitments.

 

“LIBOR
Reserve Percentage” means as of any day the maximum percentage in effect on such day, as prescribed by the FRB (or any
successor) for determining the reserve requirements (including supplemental, marginal and emergency reserve requirements) with
respect to eurocurrency funding (currently referred to as “Eurocurrency Liabilities”).

    15 

     

    

“Lien”
means any mortgage, pledge, hypothecation, assignment, deposit arrangement, encumbrance, lien (statutory or other), charge, or
preference, priority or other security interest or preferential arrangement of any kind or nature whatsoever (including any conditional
sale or other title retention agreement, and any financing lease having substantially the same economic effect as any of the foregoing).

 

“Loan”
means an extension of credit by a Lender to the Borrower under Article II in the form of a Committed Loan or a Swing Line
Loan.

 

“Loan
Documents” means this Agreement, each Note, and the Fee Letters.

 

“Master
Agreement” has the meaning set forth in the definition of Swap Contract.

 

“Master
Assignment” means that certain Master Assignment and Acceptance Agreement of even date herewith by and among the Administrative
Agent, the Lenders, the “Exiting Lenders” party thereto and acknowledged and consented to by the Borrower.

 

“Material
Debt” means Debt (other than (i) Non-Recourse Debt and (ii) the Loans) of the Borrower and one or more Subsidiaries,
arising in one or more related or unrelated transactions, in an aggregate principal or face amount exceeding $100,000,000.

 

“Material
Financial Obligations” means (i) a principal or face amount of Debt, (ii) payment or collateralization obligations in
respect of Swap Contracts, or (iii) payment obligations in respect of Forward Sales, in each case of the Borrower or any of its
Subsidiaries, arising in one or more related or unrelated transactions, exceeding in the aggregate $100,000,000.

 

“Material
Plan” means, at any time, a Plan or Plans having aggregate Unfunded Liabilities in excess of $100,000,000.

 

“Material
Subsidiary” means any Subsidiary of Borrower for which (i) its assets and the assets of its consolidated Subsidiaries
comprise more than 5% of the assets of the Borrower and its consolidated Subsidiaries, or (ii) its revenue and the revenue of
its consolidated Subsidiaries comprise more than 5% of the revenue of the Borrower and its consolidated Subsidiaries, in each
case determined on a consolidated basis in accordance with GAAP as of the end of the most recent fiscal year.

 

“Maturity
Date” means the earlier of (a) the Stated Maturity Date and (b) the effective date of any other termination, cancellation,
or acceleration of all Commitments under this Agreement.

 

“Moody’s”
means Moody’s Investors Service, Inc. and any successor thereto.

 

“MUFG”
means MUFG Bank, Ltd., and its successors.

 

“Multiemployer
Plan” means, at any time, an employee pension benefit plan within the meaning of Section 4001(a)(3) of ERISA to which
any member of the ERISA Group is then making or accruing an obligation to make contributions, or has within the preceding five
plan years made contributions, including for these purposes any Person which ceased to be a member of the ERISA Group during such
five year period.

 

“Multiple
Employer Plan” means a Plan which has two or more contributing sponsors (including the Borrower or any ERISA Affiliate)
at least two of whom are not under common control, as such a plan is described in Section 4064 of ERISA.

    16 

     

    

“New
Lenders” has the meaning set forth in the Master Assignment.

 

“Non-Consenting
Lender” means any Lender that does not approve any consent, waiver or amendment that (i) requires the approval of each
Lender or all affected Lenders in accordance with the terms of Section 10.01 and (ii) has been approved by the Required
Lenders.

 

“Non-Recourse
Debt” of any Person means Debt secured by a Lien on one or more assets of such Person, where the rights and remedies
of the holder of such Debt in respect of such Debt do not extend to any other assets of such Person and, if such Person is organized
under the laws of or doing business in the United States or any political subdivision thereof or therein, as to which such holder
has effectively waived (or subordinated in favor of the Lenders) such holder’s right to make the election provided under
11 U.S.C. § 1111(b)(1)(A) (a “Recourse Waiver”); provided however, that no Recourse Waiver shall be required
with respect to Production Payments. Debt of an Excluded Subsidiary which is without recourse to the Borrower or any other Subsidiary
shall be deemed Non-Recourse Debt of such Excluded Subsidiary secured by all assets of such Excluded Subsidiary (whether or not
such Debt is in fact so secured) and no Recourse Waiver shall be required in respect thereof.

 

“Note”
means a promissory note made by the Borrower in favor of a Lender evidencing Loans made by such Lender, substantially in the form
of Exhibit B.

 

“Obligations”
means all advances to, and debts, liabilities, obligations, covenants and duties of, the Borrower arising under any Loan Document
or otherwise with respect to any Loan or Letter of Credit, whether direct or indirect (including those acquired by assumption),
absolute or contingent, due or to become due, now existing or hereafter arising and including interest and fees that accrue after
the commencement by or against any the Borrower or any Affiliate of the Borrower of any proceeding under any Debtor Relief Laws
naming such Person as the debtor in such proceeding, regardless of whether such interest and fees are allowed claims in such proceeding.

 

“Organization
Documents” means, (a) with respect to any corporation, the certificate or articles of incorporation and the bylaws (or
equivalent or comparable constitutive documents with respect to any non-U.S. jurisdiction); (b) with respect to any limited liability
company, the certificate or articles of formation or organization and operating agreement; and (c) with respect to any partnership,
joint venture, trust or other form of business entity, the partnership, joint venture or other applicable agreement of formation
or organization and any agreement, instrument, filing or notice with respect thereto filed in connection with its formation or
organization with the applicable Governmental Authority in the jurisdiction of its formation or organization and, if applicable,
any certificate or articles of formation or organization of such entity.

 

“Other
Connection Taxes” means, with respect to any Recipient, Taxes imposed as a result of a present or former connection
between such Recipient and the jurisdiction imposing such Tax (other than connections arising from such Recipient having executed,
delivered, become a party to, performed its obligations under, received payments under, received or perfected a security interest
under, engaged in any other transaction pursuant to or enforced any Loan Document, or sold or assigned an interest in any Loan
or Loan Document).

 

“Other
Taxes” means all present or future stamp, court or documentary, intangible, recording, filing or similar Taxes that
arise from any payment made under, from the execution, delivery, performance, enforcement or registration of, from the receipt
or perfection of a security interest under, or otherwise with respect to, any Loan Document, except any such Taxes that are Other
Connection Taxes imposed with respect to an assignment (other than an assignment made pursuant to Section 10.16).

    17 

     

    

“Outstanding
Amount” means (i) with respect to Committed Loans on any date, the aggregate outstanding principal amount thereof after
giving effect to any borrowings and prepayments or repayments of such Committed Loans occurring on such date; (ii) with respect
to Swing Line Loans on any date, the aggregate outstanding principal amount thereof after giving effect to any borrowings and
prepayments or repayments of such Swing Line Loans occurring on such date; and (iii) with respect to any L/C Obligations on any
date, the amount of such L/C Obligations on such date after giving effect to any L/C Credit Extension occurring on such date and
any other changes in the aggregate amount of the L/C Obligations as of such date, including as a result of any reimbursements
of outstanding unpaid drawings under any Letters of Credit or any reductions in the maximum amount available for drawing under
Letters of Credit taking effect on such date.

 

“Parent”
means, with respect to any Lender, any Person as to which such Lender is, directly or indirectly, a subsidiary.

 

“Participant”
has the meaning specified in Section 10.07(d).

 

“Participant
Register” has the meaning specified in Section 10.07(d).

 

“PBGC”
means the Pension Benefit Guaranty Corporation or any entity succeeding to any or all of its functions under ERISA.

 

“Pension
Act” means the Pension Protection Act of 2006.

 

“Pension
Funding Rules” means the rules of the Code and ERISA regarding minimum required contributions (including any installment
payment thereof) to Pension Plans and set forth in, with respect to plan years ending prior to the effective date of the Pension
Act, Section 412 of the Code and Section 302 of ERISA, each as in effect prior to the Pension Act and, thereafter, Section 412,
430, 431, 432 and 436 of the Code and Sections 302, 303, 304 and 305 of ERISA.

 

“Pension
Plan” means any employee pension benefit plan (including a Multiple Employer Plan or a Multiemployer Plan) that is maintained
or is contributed to by the Borrower and any ERISA Affiliate and is either covered by Title IV of ERISA or is subject to the minimum
funding standards under Section 412 of the Code.

 

“Person”
means any natural person, corporation, limited liability company, trust, joint venture, association, company, partnership, Governmental
Authority or other entity.

 

“Plan”
means at any time an employee pension benefit plan (other than a Multiemployer Plan) which is covered by Title IV of ERISA or
subject to the minimum funding standards under Section 412 of the Internal Revenue code and either (i) is maintained, or contributed
to, by any member of the ERISA Group for employees of any member of the ERISA Group or (ii) has at any time within the preceding
five years been maintained, or contributed to, by any Person which was at such time a member of the ERISA Group for employees
of any Person which was at such time a member of the ERISA Group.

 

“Platform”
has the meaning set forth in Section 6.01.

 

“PNC
Bank” means PNC Bank, National Association and its successors.

 

“Prime
Rate” means the interest rate per annum announced from time to time by the Administrative Agent at its Principal Office
as its then prime rate, which rate may not be the lowest or most favorable rate then being charged commercial borrowers or others
by the Administrative Agent. Any change in the Prime Rate shall take effect at the opening of business on the day such change
is announced.

    18 

     

    

“Principal
Office” means the main banking office of the Administrative Agent in Pittsburgh, Pennsylvania (or in such other city
as may be designated by the Administrative Agent).

 

“Pro
Rata Share” means, with respect to each Lender at any time, a fraction (expressed as a percentage, carried out to the
ninth decimal place), the numerator of which is the amount of the Commitment of such Lender at such time and the denominator of
which is the amount of the Aggregate Commitments at such time; provided that in the case of Section 2.16 when a
Defaulting Lender shall exist, “Pro Rata Share” shall mean the percentage of the Aggregate Commitments (disregarding
any Defaulting Lender’s Commitment) represented by such Lender’s Commitment. If the commitment of each Lender to make
Loans and the obligation of the L/C Issuer to make L/C Credit Extensions have been terminated pursuant to Section 8.02,
then the Pro Rata Share of each Lender shall be determined based on the Pro Rata Share of such Lender immediately prior to such
termination and after giving effect to any subsequent assignments made pursuant to the terms hereof. The initial Pro Rata Share
of each Lender is set forth opposite the name of such Lender on Schedule 2.01 or in the Assignment and Assumption pursuant
to which such Lender becomes a party hereto, as applicable.

 

“Production
Payment” means an assignment of an interest in a fixed quantity (measured by proceeds or by volume) of oil and gas or
other hydrocarbons when produced from a specified oil and gas property or properties, in consideration for a payment in advance
of production.

 

“PTE”
means a prohibited transaction class exemption issued by the U.S. Department of Labor, as any such exemption may be amended from
time to time.

 

“Public
Debt Ratings” has the meaning set forth in the definition of “Applicable Rate.”

 

“Published
Rate” means the rate of interest published each Business Day in The Wall Street Journal “Money Rates” listing
under the caption “London Interbank Offered Rates” for a one month period (or, if no such rate is published therein
for any reason, then the Published Rate shall be the rate at which U.S. dollar deposits are offered by leading banks in the London
interbank deposit market for a one month period as published in another publication selected by the Administrative Agent).

 

“QFC”
has the meaning specified in Section 10.22.

 

“QFC
Credit Support” has the meaning specified in Section 10.22.

 

“Recipient”
means (a) the Administrative Agent, (b) any Lender and (c) any L/C Issuer, as applicable.

 

“Reference
Time” has the meaning given such term in Section 3.03(b).

 

“Register”
has the meaning set forth in Section 10.07(c).

 

“REI”
means Rice Energy Inc., a Delaware corporation, and its successors.

 

“Related
Parties” means, with respect to any Person, such Person’s Affiliates and the partners, directors, officers, employees,
agents, trustees, administrators, managers, advisors and representatives of such Person and of such Person’s Affiliates.

    19 

     

    

“Relevant
Governmental Body” has the meaning specified in Section 3.03(b).

 

“Reportable
Compliance Event” means that the Borrower, any of its Subsidiaries, or any Senior Officer or director of the Borrower
or any of its Subsidiaries becomes a Sanctioned Person, or is charged by indictment, criminal complaint or similar charging instrument,
arraigned, or custodially detained in connection with any Anti-Terrorism Law or any predicate crime to any Anti-Terrorism Law,
or has knowledge of facts or circumstances to the effect that it is reasonably likely that any aspect of its operations is in
actual or probable violation of any Anti-Terrorism Law.

 

“Request
for Credit Extension” means (a) with respect to a Borrowing, conversion or continuation of Committed Loans, a Committed
Loan Notice, (b) with respect to an L/C Credit Extension, a Letter of Credit Application, and (c) with respect to a Swing Line
Loan, a Swing Line Loan Notice.

 

“Required
Lenders” means, as of any date of determination, Lenders having greater than 50% of the Aggregate Commitments or, if
the commitment of each Lender to make Loans and the obligation of the L/C Issuer to make L/C Credit Extensions have been terminated
pursuant to Section 8.02, Lenders holding in the aggregate greater than 50% of the Total Outstandings (with the aggregate
amount of each Lender’s risk participation and funded participation in L/C Obligations and Swing Line Loans being deemed
 “held” by such Lender for purposes of this definition); provided that the Commitment of, and the portion of
the Total Outstandings held or deemed held by, any Defaulting Lender shall be excluded for purposes of making a determination
of Required Lenders.

 

“Rescindable
Amount” has the meaning specified in Section 2.12(c)(i).

 

“Resolution
Authority” means an EEA Resolution Authority or, with respect to any UK Financial Institution, a UK Resolution Authority.

 

“Responsible
Officer” means the chief executive officer, president, executive vice president, senior vice president, chief financial
officer, secretary, treasurer or assistant treasurer of the Borrower. Any document delivered hereunder that is signed by a Responsible
Officer of the Borrower shall be conclusively presumed to have been authorized by all necessary corporate, partnership and/or
other action on the part of the Borrower and such Responsible Officer shall be conclusively presumed to have acted on behalf of
the Borrower.

 

“Rice
GP Holdings” means Rice Midstream GP Holdings LP, a Delaware limited partnership, and its successors.

 

“RMP”
means Rice Midstream Partners LP, a Delaware limited partnership, and its successors.

 

“RMP
General Partner” means, as of the Closing Date, Rice Midstream Management LLC, a Delaware limited liability company,
and thereafter, each successor general partner of RMP.

 

“RMP
Subsidiary” means a Subsidiary of RMP.

 

“RMP
Unrestricted Entity” means each of the following entities, so long as such entity is a Subsidiary (without giving effect
to the proviso in the definition of “Subsidiary”) of the Borrower as a result of the Acquisition: (1) RMP and each
RMP Subsidiary, and (2) from and at all times after the Acquisition Closing Date, Rice GP Holdings and its Subsidiaries (other
than RMP and each RMP Subsidiary), provided that no Default or Event of Default shall exist prior to or immediately after giving
effect to such written election; provided however that at any time that any such entity is wholly owned directly or indirectly
by the Borrower, it shall not be an RMP Unrestricted Entity.

    20 

     

    

“S&P”
means S&P Global Inc., a subsidiary of The McGraw-Hill Companies, Inc. and any successor thereto.

 

“Sanctioned
Country” means a country subject to a sanctions program maintained under any Anti-Terrorism Law.

 

“Sanctioned
Person” means any individual person, group, regime, entity or thing listed or otherwise recognized as a specially designated,
prohibited, sanctioned or debarred person, group, regime, entity or thing, or subject to any limitations or prohibitions (including
but not limited to the blocking of property or rejection of transactions), under any Anti-Terrorism Law.

 

“Sanctions”
means economic or financial sanctions or trade embargoes imposed, administered or enforced from time to time by (a) the U.S. government,
including those administered by the Office of Foreign Assets Control of the U.S. Department of the Treasury or the U.S. Department
of State, or (b) the United Nations Security Council, the European Union or Her Majesty’s Treasury of the United Kingdom.

 

“SEC”
means the Securities and Exchange Commission, or any Governmental Authority succeeding to any of its principal functions.

 

“Senior
Officer” means the chief executive officer, president, executive vice president, senior vice president, chief financial
officer or treasurer of the Borrower.

 

“Shareholders’
Equity” means, as of any date of determination, consolidated shareholders’ equity of the Borrower and its Subsidiaries
as of that date determined in accordance with GAAP (which, for avoidance of doubt, shall represent total common stockholders’
equity of the Borrower before noncontrolling interests in consolidated subsidiaries in accordance with GAAP).

 

“SOFR”
has the meaning given such term in Section 3.03(b).

 

“SOFR
Administrator” has the meaning given such term in Section 3.03(b).

 

“SOFR
Administrator’s Website” has the meaning given such term in Section 3.03(b).

 

“SPC”
has the meaning specified in Section 10.07(i).

 

“Stated
Maturity Date” means July 31, 2022; provided, however, if the Stated Maturity Date is extended pursuant
to Section 2.14, with respect to each Lender that has consented to such extension, the “Stated Maturity Date”
of such Lender shall be the latest date to which such Lender has consented pursuant to such Section.

 

“Subsidiary”
of a Person means a corporation, partnership, joint venture, limited liability company or other business entity of which a majority
of the shares of securities or other interests having ordinary voting power for the election of directors or other governing body
(other than securities or interests having such power only by reason of the happening of a contingency) are at the time beneficially
owned, or the management of which is otherwise controlled, directly, or indirectly through one or more intermediaries, or both,
by such Person. Unless otherwise specified, all references herein or in any other Loan Document to a “Subsidiary”
or to “Subsidiaries” shall refer to a Subsidiary or Subsidiaries of the Borrower, provided, however,
that in no event shall the terms “Subsidiary”, “Subsidiaries” or “subsidiary” contained in
this Agreement or any other Loan Document include any Unrestricted Midstream Entity unless expressly specified otherwise.

    21 

     

    

“SunTrust”
means SunTrust Bank, and its successors.

 

“Supported
QFC” has the meaning specified in Section 10.22.

 

“Swap
Contract” means (a) any and all rate swap transactions, basis swaps, credit derivative transactions, forward rate transactions,
commodity swaps, commodity options, forward commodity contracts, equity or equity index swaps or options, bond or bond price or
bond index swaps or options or forward bond or forward bond price or forward bond index transactions, interest rate options, forward
foreign exchange transactions, cap transactions, floor transactions, collar transactions, currency swap transactions, cross-currency
rate swap transactions, currency options, spot contracts, futures contracts traded on or subject to the rules of a designated
contract market, or any other similar transactions or any combination of any of the foregoing (including any options to enter
into any of the foregoing), whether or not any such transaction is governed by or subject to any master agreement, and (b) any
and all transactions of any kind, and the related confirmations, which are subject to the terms and conditions of, or governed
by, any form of master agreement published by the International Swaps and Derivatives Association, Inc., any International Foreign
Exchange Master Agreement, any North American Energy Standard Board Master Agreement, or any other master agreement (any such
master agreement, together with any related schedules, a “Master Agreement”), including any such obligations
or liabilities under any Master Agreement.

 

“Swing
Line” means the revolving credit facility made available by the Swing Line Lender pursuant to Section 2.04.

 

“Swing
Line Borrowing” means a borrowing of a Swing Line Loan pursuant to Section 2.04.

 

“Swing
Line Exposure” means, at any time, the Outstanding Amount of all Swing Line Loans.

 

“Swing
Line Lender” means PNC Bank in its capacity as provider of Swing Line Loans, or any successor swing line lender hereunder.

 

“Swing
Line Loan” has the meaning specified in Section 2.04(a).

 

“Swing
Line Loan Notice” means a notice of (a) a Borrowing of Swing Line Loans, or (b) a conversion of Swing Line Loans from
one Type to the other, pursuant to Section 2.04(b), which, if in writing, shall be substantially in the form of Exhibit
A-2.

 

“Swing
Line Sublimit” means an amount equal to the lesser of (a) $250,000,000 and (b) the Aggregate Commitments. The Swing
Line Sublimit is part of, and not in addition to, the Aggregate Commitments.

 

“Synthetic
Lease Obligation” means the monetary obligation of a Person under (a) a so-called synthetic, off-balance sheet or tax
retention lease, or (b) an agreement for the use or possession of property creating obligations that do not appear on the balance
sheet of such Person but which, upon the insolvency or bankruptcy of such Person, would be characterized as the indebtedness of
such Person (without regard to accounting treatment).

 

“Taxes”
means all present or future taxes, levies, imposts, duties, deductions, withholdings (including backup withholding), assessments,
fees or other charges imposed by any Governmental Authority, including any interest, additions to tax or penalties applicable
thereto.

 

“Term
SOFR” has the meaning given such term in Section 3.03(b).

 

    22 

     

    
“Term
SOFR Notice” has the meaning given such term in Section 3.03(b).

    23 

     

    

“Term
SOFR Transition Event” has the meaning given such term in Section 3.03(b).

 

“Total
Capital” means, at any date, the total of (i) Consolidated Debt plus (ii) Shareholders’ Equity plus (iii) Designated
Hybrid Equity Securities less (iv) to the extent reflected in Shareholders’ Equity, any excess of the net book value of
assets subject to Liens securing Non-Recourse Debt (including the total assets of Excluded Subsidiaries) over the amount of the
related Non-Recourse Debt, (v) either (a) less the absolute value of accumulated other comprehensive income as determined in accordance
with GAAP, or (b) plus the absolute value of accumulated other comprehensive loss as determined in accordance with GAAP plus (vi)
non-cash write-downs, impairments, and related charges occurring after the Closing Date as determined in accordance with GAAP,
in each case determined at such date.

 

“Total
Outstandings” means the aggregate Outstanding Amount of all Loans and all L/C Obligations.

 

“Type”
means, (a) with respect to a Committed Loan, its character as a Base Rate Loan or a Fixed Period Eurodollar Rate Loan, and (b)
with respect to a Swing Line Loan, its character as a Base Rate Loan or a Daily Floating Eurodollar Rate Loan.

 

“UK
Financial Institution” means any BRRD Undertaking (as such term is defined under the PRA Rulebook (as amended form time
to time) promulgated by the United Kingdom Prudential Regulation Authority) or any person subject to IFPRU 11.6 of the FCA Handbook
(as amended from time to time) promulgated by the United Kingdom Financial Conduct Authority, which includes certain credit institutions
and investment firms, and certain affiliates of such credit institutions or investment firms.

 

“UK
Resolution Authority” means the Bank of England or any other public administrative authority having responsibility for
the resolution of any UK Financial Institution.

 

“Unadjusted
Benchmark Replacement” has the meaning given such term in Section 3.03(b).

 

“Unfunded
Liabilities” means, with respect to any Plan at any time, the amount (if any) by which (i) the value of all benefit
liabilities under such Plan, determined on a plan termination basis using the assumptions prescribed by the PBGC for purposes
of Section 4044 of ERISA, exceeds (ii) the fair market value of all Plan assets allocable to such liabilities under Title IV of
ERISA (excluding any accrued but unpaid contributions), all determined as of the then most recent valuation date for such Plan,
but only to the extent that such excess represents a potential liability of a member of the ERISA Group to the PBGC or any other
Person under Title IV of ERISA.

 

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

 

“Unreimbursed
Amount” has the meaning set forth in Section 2.03(c)(i).

 

“Unrestricted
Midstream Entity” means any EQM Unrestricted Entity or RMP Unrestricted Entity.

 

“U.S.
Person” means any Person that is a “United States person” as defined in Section 7701(a)(30) of the Code.

 

“U.S.
Special Resolution Regimes” has the meaning specified in Section 10.22.

 

“U.S.
Tax Compliance Certificate” has the meaning assigned to such term in Section 3.01(g).

    24 

     

    

“Wells
Fargo” means Wells Fargo Bank, National Association, and its successors.

 

“Withholding
Agent” means the Borrower and the Administrative Agent.

 

“Write-Down
and Conversion Powers” means, (a) with respect to any EEA Resolution Authority, the write-down and conversion powers
of such EEA Resolution Authority from time to time under the Bail-In Legislation for the applicable EEA Member Country, which
write-down and conversion powers are described in the EU Bail-In Legislation Schedule, and (b) with respect to the United Kingdom,
any powers of the applicable Resolution Authority under the Bail-In Legislation to cancel, reduce, modify or change the form of
a liability of any UK Financial Institution or any contract or instrument under which that liability arises, to convert all or
part of that liability into shares, securities or obligations of that person or any other person, to provide that any such contract
or instrument is to have effect as if a right had been exercised under it or to suspend any obligation in respect of that liability
or any of the powers under that Bail-In Legislation that are related to or ancillary to any of those powers.

 

1.02.     Other
Interpretive Provisions. With reference to this Agreement and each other
Loan Document, unless otherwise specified herein or in such other Loan Document:

 

(a)          The
meanings of defined terms are equally applicable to the singular and plural forms of the defined terms.

 

(b)
         (i)        The
words “herein,” “hereto,” “hereof” and “hereunder”
and words of similar import when used in any Loan Document shall refer to such Loan Document as a whole and not to any particular
provision thereof.

 

(ii)        Article,
Section, Exhibit and Schedule references are to the Loan Document in which such reference appears.

 

(iii)       The
term “including” is by way of example and not limitation.

 

(iv)       The
term “documents” includes any and all instruments, documents, agreements, certificates, notices, reports, financial
statements and other writings, however evidenced, whether in physical or electronic form.

 

(c)          In
the computation of periods of time from a specified date to a later specified date, the word “from” means “from
and including”; the words “to” and “until” each mean “to but excluding”;
and the word “through” means “to and including.”

 

(d)          Section
headings herein and in the other Loan Documents are included for convenience of reference only and shall not affect the interpretation
of this Agreement or any other Loan Document.

 

1.03.      Accounting
Terms.

 

(a)          All
accounting terms not specifically or completely defined herein shall be construed in conformity with, and all financial data (including
financial ratios and other financial calculations) required to be submitted pursuant to this Agreement shall be prepared in conformity
with, GAAP applied on a consistent basis, as in effect from time to time, applied in a manner consistent with that used in preparing
the Audited Financial Statements, except as otherwise specifically prescribed herein.

 

(b)          If
at any time any change in GAAP would affect the computation of any financial ratio or requirement set forth in any Loan Document,
and either the Borrower or the Required Lenders shall so request, the Administrative Agent, the Lenders and the Borrower shall
negotiate in good faith to amend such ratio or requirement to preserve the original intent thereof in light of such change in
GAAP (subject to the approval of the Required Lenders); provided that, until so amended, (i) such ratio or requirement
shall continue to be computed in accordance with GAAP prior to such change therein and (ii) the Borrower shall provide to the
Administrative Agent and the Lenders financial statements and other documents required under this Agreement or as reasonably requested
hereunder setting forth a reconciliation between calculations of such ratio or requirement made before and after giving effect
to such change in GAAP.

    25 

     

    

1.04.      Rounding.
Any financial ratios required to be maintained by the Borrower pursuant to this Agreement shall be calculated by dividing the
appropriate component by the other component, carrying the result to one place more than the number of places by which such ratio
is expressed herein and rounding the result up or down to the nearest number (with a rounding-up if there is no nearest number).

 

1.05.      References
to Agreements and Laws. Unless otherwise expressly provided herein, (a)
references to Organization Documents, agreements (including the Loan Documents and the Acquisition Agreement) and other contractual
instruments shall be deemed to include all subsequent amendments, restatements, extensions, supplements and other modifications
thereto, but only to the extent that such amendments, restatements, extensions, supplements and other modifications are not prohibited
by any Loan Document; and (b) references to any Law shall include all statutory and regulatory provisions consolidating, amending,
replacing, supplementing or interpreting such Law.

 

1.06.      Times
of Day. Unless otherwise specified, all references herein to times of day
shall be references to Eastern time (daylight or standard, as applicable).

 

1.07.      Letter
of Credit Amounts. Unless otherwise specified, all references herein to
the amount of a Letter of Credit at any time shall be deemed to mean the maximum face amount of such Letter of Credit after giving
effect to all increases thereof contemplated by such Letter of Credit or the Letter of Credit Application therefor, whether or
not such maximum face amount is in effect at such time.

 

1.08.      Eurodollar
Rate Notification. Section 3.03(b) of this Agreement provides a mechanism
for determining an alternative rate of interest in the event that the London interbank offered rate is no longer available or
in certain other circumstances. The Administrative Agent does not warrant or accept any responsibility for and shall not have
any liability with respect to, the administration, submission or any other matter related to the London interbank offered rate
or other rates in the definition of “Eurodollar Rate” or with respect to any alternative or successor rate thereto,
or replacement rate therefor.

 

Article
II. 

THE COMMITMENTS AND BORROWINGS

 

2.01.      Committed
Loans. Subject to the terms and conditions set forth herein, each Lender
severally agrees to make loans (each such loan, a “Committed Loan”) to the Borrower from time to time, on any
Business Day during the Availability Period, in an aggregate amount not to exceed at any time outstanding the amount of such Lender’s
Commitment; provided, however, that after giving effect to any Borrowing, (i) the Total Outstandings shall not exceed the Aggregate
Commitments, and (ii) the aggregate Outstanding Amount of the Committed Loans of any Lender, plus such Lender’s Pro Rata
Share of the Outstanding Amount of all L/C Obligations, plus such Lender’s Pro Rata Share of the Outstanding Amount of all
Swing Line Loans shall not exceed such Lender’s Commitment. Within the limits of each Lender’s Commitment, and subject
to the other terms and conditions hereof, the Borrower may borrow under this Section 2.01, prepay under Section 2.05,
and reborrow under this Section 2.01. Committed Loans may be Base Rate Loans or Eurodollar Rate Loans, as further provided
herein.

    26 

     

    

2.02.      Borrowings,
Conversions and Continuations of Committed Loans.

 

(a)          Each
Borrowing, each conversion of Committed Loans from one Type to the other, and each continuation of Eurodollar Rate Loans shall
be made upon the Borrower’s delivery to the Administrative Agent of an irrevocable written Committed Loan Notice, appropriately
completed and signed by a Responsible Officer of the Borrower, which may be delivered via facsimile. Each such notice must be
received by the Administrative Agent not later than 11:00 a.m. (i) three Business Days prior to the requested date of any Borrowing
of, conversion to or continuation of Eurodollar Rate Loans or of any conversion of Eurodollar Rate Loans to Base Rate Committed
Loans, and (ii) on the requested date of any Borrowing of Base Rate Committed Loans. Each Borrowing of, conversion or continuation
of Committed Loans shall be in a principal amount of $5,000,000 or a whole multiple of $1,000,000 in excess thereof. Each Committed
Loan Notice shall specify (i) whether the Borrower is requesting a Borrowing, a conversion of Committed Loans from one Type to
the other, or a continuation of Eurodollar Rate Loans, (ii) the requested date of the Borrowing, conversion or continuation, as
the case may be (which shall be a Business Day), (iii) the principal amount of Committed Loans to be borrowed, converted or continued,
(iv) the Type of Committed Loans to be borrowed or to which existing Committed Loans are to be converted, and (v) if applicable,
the duration of the Interest Period with respect thereto. If the Borrower fails to specify a Type of Committed Loan in a Committed
Loan Notice or if the Borrower fails to give a timely notice requesting a conversion or continuation, then the applicable Committed
Loans shall be made as, or converted to, Base Rate Committed Loans. Any such automatic conversion to Base Rate Committed Loans
shall be effective as of the last day of the Interest Period then in effect with respect to the applicable Eurodollar Rate Loans.
If the Borrower requests a Borrowing of, conversion to, or continuation of Eurodollar Rate Loans in any such Committed Loan Notice,
but fails to specify an Interest Period, it will be deemed to have specified an Interest Period of one month.

 

(b)          Following
receipt of a Committed Loan Notice, the Administrative Agent shall promptly notify each Lender of the amount of its Pro Rata Share
of the applicable Committed Loans, and if no timely notice of a conversion or continuation is provided by the Borrower, the Administrative
Agent shall notify each Lender of the details of any automatic conversion to Base Rate Loans described in the preceding subsection.
Each Lender shall make the amount of its Committed Loan available to the Administrative Agent in immediately available funds at
the Administrative Agent’s Office not later than 1:00 p.m. on the Business Day specified in the applicable Committed Loan
Notice. Upon satisfaction of the applicable conditions set forth in Section 4.02 (and, if such Borrowing is the initial
Credit Extension, Section 4.01), the Administrative Agent shall make all funds so received available to the Borrower in
like funds as received by the Administrative Agent either by (i) crediting the account of the Borrower on the books of PNC Bank
with the amount of such funds or (ii) wire transfer of such funds, in each case in accordance with instructions provided to (and
reasonably acceptable to) the Administrative Agent by the Borrower; provided, however, that if, on the date the Committed Loan
Notice with respect to such Borrowing is given by the Borrower, there are L/C Borrowings outstanding, then the proceeds of such
Borrowing shall be applied, first, to the payment in full of any such L/C Borrowings and second, to the Borrower as provided
above.

 

(c)          Except
as otherwise provided herein, a Eurodollar Rate Loan may be continued or converted only on the last day of an Interest Period
for such Eurodollar Rate Loan. During the existence of a Default, no Loans may be requested as, converted to or continued as Eurodollar
Rate Loans without the consent of the Required Lenders.

    27 

     

    

(d)          The
Administrative Agent shall promptly notify the Borrower and the Lenders of the interest rate applicable to any Interest Period
for Fixed Period Eurodollar Rate Loans upon determination of such interest rate. The determination of the Fixed Period Eurodollar
Rate by the Administrative Agent shall be conclusive in the absence of manifest error. At any time that Base Rate Loans are outstanding,
the Administrative Agent shall notify the Borrower and the Lenders of any change in PNC Bank’s prime rate used in determining
the Base Rate promptly following the public announcement of such change.

 

(e)          After
giving effect to all Borrowings, all conversions of Committed Loans from one Type to the other, and all continuations of Committed
Loans as the same Type, there shall not be more than ten Interest Periods in effect with respect to Committed Loans.

 

2.03.      Letters
of Credit.

 

(a)          The
Letter of Credit Commitment.

 

(i)          Subject
to the terms and conditions set forth herein, (A) the L/C Issuer agrees, in reliance upon the agreements of the other Lenders
set forth in this Section 2.03, from time to time on any Business Day during the period from the Closing Date until the
Letter of Credit Expiration Date, to issue Letters of Credit for the account of the Borrower, and to amend or extend Letters of
Credit previously issued by it, in accordance with subsection (b) below; and (B) the Lenders severally agree to participate in
Letters of Credit issued for the account of the Borrower; provided that no L/C Issuer shall be obligated to make any L/C Credit
Extension that would result in the Outstanding Amount of the L/C Obligations with respect to Letters of Credit issued by such
L/C Issuer to exceed such L/C Issuer’s L/C Issuance Limit; and provided further that no L/C Issuer shall be obligated to
make any L/C Credit Extension with respect to any Letter of Credit, and no Lender shall be obligated to participate in any Letter
of Credit if as of the date of such L/C Credit Extension, (x) the Total Outstandings would exceed the Aggregate Commitments, (y)
the aggregate Outstanding Amount of the Committed Loans of any Lender, plus such Lender’s Pro Rata Share of the Outstanding
Amount of all L/C Obligations, plus such Lender’s Pro Rata Share of the Outstanding Amount of all Swing Line Loans
would exceed such Lender’s Commitment, or (z) the Outstanding Amount of the L/C Obligations would exceed the Letter of Credit
Sublimit. In addition, at the request of the Borrower, an L/C Issuer may, in its sole discretion, agree to issue, amend, renew
or extend Letters of Credit in excess of its L/C Issuance Limit, provided, however, after giving effect to any such issuance,
amendment, renewal or extension, (x) the Outstanding Amount of the L/C Obligations shall not exceed the Letter of Credit Sublimit
and (y) the Total Outstandings shall not exceed the Aggregate Commitments. Within the foregoing limits, and subject to the terms
and conditions hereof, the Borrower’s ability to obtain Letters of Credit shall be fully revolving, and accordingly the
Borrower may, during the foregoing period, obtain Letters of Credit to replace Letters of Credit that have expired or that have
been drawn upon and reimbursed. All Existing Letters of Credit shall be deemed to have been issued pursuant hereto, and from and
after the Closing Date shall be subject to and governed by the terms and conditions hereof.

 

(ii)        The
L/C Issuer shall be under no obligation to issue any Letter of Credit and, in the case of clauses (B) and (C) below shall not
issue any Letter of Credit, if:

 

(A)       any
order, judgment or decree of any Governmental Authority or arbitrator shall by its terms purport to enjoin or restrain the L/C
Issuer from issuing such Letter of Credit, or any Law applicable to the L/C Issuer or any request or directive (whether or not
having the force of law) from any Governmental Authority with jurisdiction over the L/C Issuer shall prohibit, or request that
the L/C Issuer refrain from, the issuance of Letters of Credit generally or such Letter of Credit in particular or shall impose
upon the L/C Issuer with respect to such Letter of Credit any restriction, reserve or capital requirement (for which the L/C Issuer
is not otherwise compensated hereunder) not in effect on the Closing Date, or shall impose upon the L/C Issuer any unreimbursed
loss, cost or expense which was not applicable on the Closing Date and which the L/C Issuer in good faith deems material to it;

    28 

     

    

(B)        subject
to Section 2.03(b)(iii), the expiry date of such requested Letter of Credit would occur more than twelve months after the
date of issuance or last renewal, unless the Required Lenders have approved such expiry date;

 

(C)        the
expiry date of such requested Letter of Credit would occur (1) after the Letter of Credit Expiration Date, unless all the Lenders
have approved such expiry date, or (2) after any Stated Maturity Date applicable to any Declining Lender (as defined in Section
2.14), unless the amount of such Letter of Credit together with all other L/C Obligations outstanding on the date of issuance
of such Letter of Credit is equal to or less than the aggregate Commitments of all Lenders who shall remain parties to this Agreement
subsequent to the Stated Maturity Date that immediately precedes the expiry date of such Letter of Credit;

 

(D)        the
issuance of such Letter of Credit would violate one or more policies of the L/C Issuer; or

 

(E)        such
Letter of Credit is (1) in an initial amount less than $500,000, (2) is to be denominated in a currency other than Dollars, or
(3) is to be issued for a purpose other than to support surety bonds (including appeal bonds), worker’s compensation requirements
and other general corporate purposes.

 

(iii)        The
L/C Issuer shall not amend any Letter of Credit if the L/C Issuer would have no obligation at such time to issue such Letter of
Credit in its amended form under any of Sections 2.03(a)(ii)(B), (C) or (E)(2) or (3).

 

(iv)       The
L/C Issuer shall be under no obligation to amend any Letter of Credit if the beneficiary of such Letter of Credit does not accept
the proposed amendment to such Letter of Credit.

 

(b)          Procedures
for Issuance and Amendment of Letters of Credit; Auto-Renewal Letters of Credit.

 

(i)          Each
Letter of Credit shall be issued or amended, as the case may be, upon the request of the Borrower delivered to the applicable
L/C Issuer (with a copy to the Administrative Agent) in the form of a Letter of Credit Application, appropriately completed and
signed by a Responsible Officer of the Borrower. Such Letter of Credit Application must be received by the L/C Issuer and the
Administrative Agent not later than 11:00 a.m. at least two Business Days (or such later date and time as the L/C Issuer may agree
in a particular instance in its sole discretion) prior to the proposed issuance date or date of amendment, as the case may be.
In the case of a request for an initial issuance of a Letter of Credit, such Letter of Credit Application shall specify in form
and detail satisfactory to the L/C Issuer: (A) the proposed issuance date of the requested Letter of Credit (which shall be a
Business Day); (B) the amount thereof; (C) the expiry date thereof; (D) the name and address of the beneficiary thereof; (E) the
documents to be presented by such beneficiary in case of any drawing thereunder; (F) the full text of any certificate to be presented
by such beneficiary in case of any drawing thereunder; and (G) such other matters as the L/C Issuer may require. In the case of
a request for an amendment of any outstanding Letter of Credit, such Letter of Credit Application shall specify in form and detail
satisfactory to the L/C Issuer (A) the Letter of Credit to be amended; (B) the proposed date of amendment thereof (which shall
be a Business Day); (C) the nature of the proposed amendment; and (D) such other matters as the L/C Issuer may require.

    29 

     

    

(ii)         Promptly
after receipt of any Letter of Credit Application, the L/C Issuer will confirm with the Administrative Agent (by telephone or
in writing) that the Administrative Agent has received a copy of such Letter of Credit Application from the Borrower and, if not,
the Borrower will provide the Administrative Agent with a copy thereof upon the Administrative Agent’s request therefor.
Upon receipt by the L/C Issuer of confirmation from the Administrative Agent that the requested issuance or amendment is permitted
in accordance with the terms hereof, then, subject to the terms and conditions hereof, the L/C Issuer shall, on the requested
date, issue a Letter of Credit for the account of the Borrower or enter into the applicable amendment, as the case may be, in
each case in accordance with the L/C Issuer’s usual and customary business practices. Immediately upon the issuance of each
Letter of Credit, each Lender shall be deemed to, and hereby irrevocably and unconditionally agrees to, purchase from the L/C
Issuer a risk participation in such Letter of Credit in an amount equal to the product of such Lender’s Pro Rata Share times
the amount of such Letter of Credit.

 

(iii)        If
the Borrower so requests in any applicable Letter of Credit Application, the L/C Issuer may, in its sole and absolute discretion,
agree to issue a Letter of Credit that has automatic extension provisions (each, an “Auto-Extension Letter of Credit”);
provided that any such Auto-Extension Letter of Credit must permit the L/C Issuer to prevent any such extension at least
once in each twelve-month period (commencing with the date of issuance of such Letter of Credit) by giving prior notice to the
beneficiary thereof not later than a day (the “Non-Extension Notice Date”) in each such twelve-month period
to be agreed upon at the time such Letter of Credit is issued. Unless otherwise directed by the L/C Issuer, the Borrower shall
not be required to make a specific request to the L/C Issuer for any such extension. Once an Auto-Extension Letter of Credit has
been issued, the Lenders shall be deemed to have authorized (but may not require) the L/C Issuer to permit the extension of such
Letter of Credit at any time to an expiry date not later than the Letter of Credit Expiration Date; provided, however,
that the L/C Issuer shall not permit any such extension if (A) the L/C Issuer has determined that it would not be permitted, or
would have no obligation, at such time to issue such Letter of Credit in its revised form (as extended) under the terms hereof
(by reason of the provisions of Section 2.03(a) or otherwise), or (B) it has received notice (which may be by telephone
or in writing) on or before the day that is seven Business Days before the Non-Extension Notice Date (1) from the Administrative
Agent that the Required Lenders have elected not to permit such extension or (2) from the Administrative Agent, any Lender or
the Borrower that one or more of the applicable conditions specified in Section 4.02 is not then satisfied and in each
such case directing the L/C Issuer not to permit such extension.

 

(iv)       Promptly
after its delivery of any Letter of Credit or any amendment to a Letter of Credit to an advising bank with respect thereto or
to the beneficiary thereof, the L/C Issuer will also deliver to the Borrower and the Administrative Agent a true and complete
copy of such Letter of Credit or amendment or a report containing information with respect thereto including the face amount of
such Letter of Credit, the date of issuance or amendment and such other information as may be required by the Administrative Agent.
The Administrative Agent shall give the Lenders notice of the issuance of any Letter of Credit and any amendment thereto.

 

(c)           Drawings
and Reimbursements; Funding of Participations.

 

(i)         Upon
receipt from the beneficiary of any Letter of Credit of any notice of a drawing under such Letter of Credit, the L/C Issuer shall
notify the Borrower and the Administrative Agent thereof. Not later than 11:00 a.m. on the date of any payment by the L/C Issuer
under a Letter of Credit (each such date, an “Honor Date”), or if the Borrower is notified of such payment
after 10:00 a.m. on the Honor Date, not later than 2:00 p.m. on such date, the Borrower shall reimburse the L/C Issuer through
the Administrative Agent in an amount equal to the amount of such drawing. If the Borrower fails to so reimburse the L/C Issuer
by such time, the Administrative Agent shall promptly notify each Lender of the Honor Date, the amount of the unreimbursed drawing
(the “Unreimbursed Amount”), and the amount of such Lender’s Pro Rata Share thereof. In such event, the
Borrower shall be deemed to have requested a Committed Borrowing of Base Rate Loans to be disbursed on the Honor Date in an amount
equal to the Unreimbursed Amount, without regard to the minimum and multiples specified in Section 2.02 for the principal
amount of Base Rate Loans, but subject to the amount of the unutilized portion of the Aggregate Commitments and the conditions
set forth in Section 4.02 (other than the delivery of a Committed Loan Notice). Any notice given by the L/C Issuer or the
Administrative Agent pursuant to this Section 2.03(c)(i) may be given by telephone if immediately confirmed in writing;
provided that the lack of such an immediate confirmation shall not affect the conclusiveness or binding effect of such
notice.

    30 

     

    

(ii)        Each
Lender (including the Lender acting as L/C Issuer) shall upon any notice pursuant to Section 2.03(c)(i) make funds available
to the Administrative Agent for the account of the L/C Issuer at the Administrative Agent’s Office in an amount equal to
its Pro Rata Share of the Unreimbursed Amount not later than 1:00 p.m. on the Business Day specified in such notice by the Administrative
Agent, whereupon, subject to the provisions of Section 2.03(c)(iii), each Lender that so makes funds available shall be
deemed to have made a Base Rate Committed Loan to the Borrower in such amount. The Administrative Agent shall remit the funds
so received to the L/C Issuer.

 

(iii)       With
respect to any Unreimbursed Amount that is not fully refinanced by a Committed Borrowing of Base Rate Loans because the conditions
set forth in Section 4.02 cannot be satisfied or for any other reason, the Borrower shall be deemed to have incurred from
the L/C Issuer an L/C Borrowing in the amount of the Unreimbursed Amount that is not so refinanced, which L/C Borrowing shall
be due and payable on demand (together with interest) and shall bear interest at the Default Rate. In such event, each Lender’s
payment to the Administrative Agent for the account of the L/C Issuer pursuant to Section 2.03(c)(ii) shall be deemed payment
in respect of its participation in such L/C Borrowing and shall constitute an L/C Advance from such Lender in satisfaction of
its participation obligation under this Section 2.03.

 

(iv)       Until
each Lender funds its Committed Loan or L/C Advance pursuant to this Section 2.03(c) to reimburse the L/C Issuer for any
amount drawn under any Letter of Credit, interest in respect of such Lender’s Pro Rata Share of such amount shall be solely
for the account of the L/C Issuer.

 

(v)        Each
Lender’s obligation to make Committed Loans or L/C Advances to reimburse the L/C Issuer for amounts drawn under Letters
of Credit, as contemplated by this Section 2.03(c), shall be absolute and unconditional and shall not be affected by any
circumstance, including (A) any set-off, counterclaim, recoupment, defense or other right which such Lender may have against the
L/C Issuer, the Borrower or any other Person for any reason whatsoever; (B) the occurrence or continuance of a Default; (C) any
lack of validity or enforceability of such Letter of Credit, this Agreement, or any other agreement or instrument relating thereto;
(D) the existence of any claim, counterclaim, set-off, defense or other right that such Lender may have at any time against any
beneficiary or any transferee of such Letter of Credit (or any Person for whom any such beneficiary or any such transferee may
be acting), the L/C Issuer or any other Person, whether in connection with this Agreement, the transactions contemplated hereby
or by such Letter of Credit or any agreement or instrument relating thereto, or any unrelated transaction; (E) any draft, demand,
certificate or other document presented under such Letter of Credit proving to be forged, fraudulent, invalid or insufficient
in any respect or any statement therein being untrue or inaccurate in any respect; or any loss or delay in the transmission or
otherwise of any document required in order to make a drawing under such Letter of Credit; (F) any payment by the L/C Issuer under
such Letter of Credit against presentation of a draft or certificate that does not strictly comply with the terms of such Letter
of Credit; or any payment made by the L/C Issuer under such Letter of Credit to any Person purporting to be a trustee in bankruptcy,
debtor-in-possession, assignee for the benefit of creditors, liquidator, receiver or other representative of or successor to any
beneficiary or any transferee of such Letter of Credit, including any arising in connection with any proceeding under any Debtor
Relief Law; or (G) any other occurrence, event or condition, whether or not similar to any of the foregoing; provided,
however, that each Lender’s obligation to make Committed Loans pursuant to this Section 2.03(c) is subject
to the conditions set forth in Section 4.02 (other than delivery by the Borrower of a Committed Loan Notice). No such making
of an L/C Advance shall relieve or otherwise impair the obligation of the Borrower to reimburse the L/C Issuer for the amount
of any payment made by the L/C Issuer under any Letter of Credit, together with interest as provided herein.

    31 

     

    

(vi)       If
any Lender fails to make available to the Administrative Agent for the account of the L/C Issuer any amount required to be paid
by such Lender pursuant to the foregoing provisions of this Section 2.03(c) by the time specified in Section 2.03(c)(ii),
the L/C Issuer shall be entitled to recover from such Lender (acting through the Administrative Agent), on demand, such amount
with interest thereon for the period from the date such payment is required to the date on which such payment is immediately available
to the L/C Issuer at a rate per annum equal to the greater of the Federal Funds Open Rate and a rate determined by the L/C Issuer
in accordance with banking industry rules on interbank compensation, plus any administrative, processing or similar fees customarily
charged by the L/C Issuer in connection with the foregoing. If such Lender pays such amount (with interest and fees as aforesaid),
the amount so paid shall constitute such Lender’s Committed Loan included in the relevant Committed Borrowing or L/C Advance
in respect of the relevant L/C Borrowing, as the case may be. A certificate of the L/C Issuer submitted to any Lender (through
the Administrative Agent) with respect to any amounts owing under this clause (vi) shall be conclusive absent manifest error.

 

(d)          Repayment
of Participations.

 

(i)         At
any time after the L/C Issuer has made a payment under any Letter of Credit and has received from any Lender such Lender’s
L/C Advance in respect of such payment in accordance with Section 2.03(c), if the Administrative Agent receives for the
account of the L/C Issuer any payment in respect of the related Unreimbursed Amount or interest thereon (whether directly from
the Borrower or otherwise, including proceeds of Cash Collateral (as defined in Section 2.03(g)) applied thereto by the
Administrative Agent), the Administrative Agent will distribute to such Lender its Pro Rata Share thereof (appropriately adjusted,
in the case of interest payments, to reflect the period of time during which such Lender’s L/C Advance was outstanding)
in the same funds as those received by the Administrative Agent.

 

(ii)        If
any payment received by the Administrative Agent for the account of the L/C Issuer pursuant to Section 2.03(c)(i) is required
to be returned under any of the circumstances described in Section 10.06 (including pursuant to any settlement entered
into by the L/C Issuer in its discretion), each Lender shall pay to the Administrative Agent for the account of the L/C Issuer
its Pro Rata Share thereof on demand of the Administrative Agent, plus interest thereon from the date of such demand to the date
such amount is paid by such Lender, at a rate per annum equal to the Federal Funds Open Rate from time to time in effect.

 

(e)           Obligations
Absolute. The obligation of the Borrower to reimburse the L/C Issuer for each drawing under each Letter of Credit and to repay
each L/C Borrowing shall be absolute, unconditional and irrevocable, and shall be paid strictly in accordance with the terms of
this Agreement under all circumstances, including the following:

 

(i)         any
lack of validity or enforceability of such Letter of Credit, this Agreement, or any other agreement or instrument relating thereto;

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(ii)        the
existence of any claim, counterclaim, set-off, defense or other right that the Borrower may have at any time against any beneficiary
or any transferee of such Letter of Credit (or any Person for whom any such beneficiary or any such transferee may be acting),
the L/C Issuer or any other Person, whether in connection with this Agreement, the transactions contemplated hereby or by such
Letter of Credit or any agreement or instrument relating thereto, or any unrelated transaction;

 

(iii)       any
draft, demand, certificate or other document presented under such Letter of Credit proving to be forged, fraudulent, invalid or
insufficient in any respect or any statement therein being untrue or inaccurate in any respect; or any loss or delay in the transmission
or otherwise of any document required in order to make a drawing under such Letter of Credit;

 

(iv)       any
payment by the L/C Issuer under such Letter of Credit against presentation of a draft or certificate that does not strictly comply
with the terms of such Letter of Credit; or any payment made by the L/C Issuer under such Letter of Credit to any Person purporting
to be a trustee in bankruptcy, debtor-in-possession, assignee for the benefit of creditors, liquidator, receiver or other representative
of or successor to any beneficiary or any transferee of such Letter of Credit, including any arising in connection with any proceeding
under any Debtor Relief Law; or

 

(v)        any
other circumstance or happening whatsoever, whether or not similar to any of the foregoing, including any other circumstance that
might otherwise constitute a defense available to, or a discharge of, the Borrower.

 

The
Borrower shall promptly examine a copy of each Letter of Credit and each amendment thereto that is delivered to it and, in the
event of any claim of noncompliance with the Borrower’s instructions or other irregularity, the Borrower will immediately
notify the L/C Issuer. The Borrower shall be conclusively deemed to have waived any such claim against the L/C Issuer and its
correspondents unless such notice is given as aforesaid.

 

(f)           Role
of L/C Issuer. Each Lender and the Borrower agree that, in paying any drawing under a Letter of Credit, the L/C Issuer shall
not have any responsibility to obtain any document (other than any sight draft, certificates and documents expressly required
by the Letter of Credit) or to ascertain or inquire as to the validity or accuracy of any such document or the authority of the
Person executing or delivering any such document. None of the L/C Issuer, any Agent-Related Person, nor any of the respective
correspondents, participants or assignees of the L/C Issuer shall be liable to any Lender for (i) any action taken or omitted
in connection herewith at the request or with the approval of the Lenders or the Required Lenders, as applicable; (ii) any action
taken or omitted in the absence of gross negligence or willful misconduct; or (iii) the due execution, effectiveness, validity
or enforceability of any document or instrument related to any Letter of Credit or Letter of Credit Application. The Borrower
hereby assumes all risks of the acts or omissions of any beneficiary or transferee with respect to its use of any Letter of Credit;
provided, however, that this assumption is not intended to, and shall not, preclude the Borrower’s pursuing
such rights and remedies as it may have against the beneficiary or transferee at law or under any other agreement. None of the
L/C Issuer, any Agent-Related Person, any Lender, nor any of the respective correspondents, participants or assignees of the L/C
Issuer, shall be liable or responsible to the Borrower for any of the matters described in clauses (i) through (v) of Section
2.03(e); provided, however, that anything in such clauses to the contrary notwithstanding, the Borrower may
have a claim against the L/C Issuer, and the L/C Issuer may be liable to the Borrower, to the extent, but only to the extent,
of any direct, as opposed to consequential or exemplary, damages suffered by the Borrower which damages have been determined by
a final non-appealable judgment of a court of competent jurisdiction to have been caused by the L/C Issuer’s willful misconduct
or gross negligence or the L/C Issuer’s willful failure to pay under any Letter of Credit after the presentation to it by
the beneficiary of a sight draft and certificate(s) strictly complying with the terms and conditions of a Letter of Credit. In
furtherance and not in limitation of the foregoing, the L/C Issuer may accept documents that appear on their face to be in order,
without responsibility for further investigation, regardless of any notice or information to the contrary, and the L/C Issuer
shall not be responsible for the validity or sufficiency of any instrument transferring or assigning or purporting to transfer
or assign a Letter of Credit or the rights or benefits thereunder or proceeds thereof, in whole or in part, which may prove to
be invalid or ineffective for any reason.

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(g)          Cash
Collateral. (i) Upon the request of the Administrative Agent, (A) if the L/C Issuer has honored any full or partial drawing
request under any Letter of Credit and such drawing has resulted in an L/C Borrowing, or (B) if, as of the Letter of Credit Expiration
Date, any Letter of Credit may for any reason remain outstanding and partially or wholly undrawn, or (ii) in the event that Borrower
is required to Cash Collateralize Letters of Credit issued by a Declining Lender pursuant to Section 2.14(d), the Borrower
shall immediately Cash Collateralize the then Outstanding Amount of all L/C Obligations (in an amount equal to such Outstanding
Amount determined as of the date of such L/C Borrowing or the Letter of Credit Expiration Date, as the case may be). For purposes
hereof, “Cash Collateralize” means to pledge and deposit with or deliver to the Administrative Agent, for the
benefit of the L/C Issuer and the Lenders, as collateral for the L/C Obligations, cash or deposit account balances pursuant to
documentation in form and substance satisfactory to the Administrative Agent and the L/C Issuer (which documents are hereby consented
to by the Lenders). Derivatives of such term have corresponding meanings. The Borrower hereby grants to the Administrative Agent,
for the benefit of the L/C Issuer and the Lenders, a security interest in all such cash, deposit accounts and all balances therein
and all proceeds of the foregoing. Cash collateral shall be maintained in blocked, non-interest bearing deposit accounts at PNC
Bank.

 

(h)          Applicability
of ISP. Unless otherwise expressly agreed by the L/C Issuer and the Borrower when a Letter of Credit is issued (including
any such agreement applicable to an Existing Letter of Credit), the rules of the “International Standby Practices 1998”
published by the Institute of International Banking Law & Practice (or such later version thereof as may be in effect at the
time of issuance) (the “ISP”) shall apply to each standby Letter of Credit.

 

(i)           Letter
of Credit Fees. The Borrower shall pay to the Administrative Agent for the account of each Lender in accordance with its Pro
Rata Share a Letter of Credit fee for each Letter of Credit equal to the Applicable Rate times the daily maximum amount available
to be drawn under such Letter of Credit (whether or not such maximum amount is then in effect under such Letter of Credit). Such
Letter of Credit fees shall be computed on a quarterly basis in arrears. Such Letter of Credit fees shall be due and payable quarterly
in arrears on the last Business Day of each March, June, September and December, commencing with the first such date to occur
after the issuance of such Letter of Credit, on the Letter of Credit Expiration Date and thereafter on demand. If there is any
change in the Applicable Rate during any quarter, the daily maximum amount of each Letter of Credit shall be computed and multiplied
by the Applicable Rate separately for each period during such quarter that such Applicable Rate was in effect.

 

(j)            Fronting
Fee and Documentary and Processing Charges Payable to L/C Issuer. The Borrower shall pay directly to the L/C Issuer for its
own account a fronting fee with respect to each Letter of Credit in the amounts and at the times specified in the Fee Letters.
In addition, the Borrower shall pay directly to the L/C Issuer for its own account the customary issuance, presentation, amendment
and other processing fees, and other standard costs and charges, of the L/C Issuer relating to Letters of Credit as from time
to time in effect. Such customary fees and standard costs and charges are due and payable on demand and are nonrefundable.

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(k)           Conflict
with Letter of Credit Application. In the event of any conflict between the terms hereof and the terms of any Letter of Credit
Application, the terms hereof shall control.

 

2.04.       Swing
Line Loans.

 

(a)           The
Swing Line. Subject to the terms and conditions set forth herein, the Swing Line Lender may in its sole discretion, and in
reliance upon the agreements of the other Lenders set forth in this Section 2.04, make loans (each such loan, a “Swing
Line Loan”) to the Borrower from time to time on any Business Day during the Availability Period in an aggregate amount
not to exceed at any time outstanding the amount of the Swing Line Sublimit, notwithstanding the fact that such Swing Line Loans,
when aggregated with the Pro Rata Share of the Outstanding Amount of Committed Loans and L/C Obligations of the Lender acting
as Swing Line Lender, may exceed the amount of such Lender’s Commitment; provided, however, that after giving
effect to any Swing Line Loan, (i) the Total Outstandings shall not exceed the Aggregate Commitments, and (ii) the aggregate Outstanding
Amount of the Committed Loans of any Lender, plus such Lender’s Pro Rata Share of the Outstanding Amount of all L/C
Obligations, plus such Lender’s Pro Rata Share of the Outstanding Amount of all Swing Line Loans shall not exceed
such Lender’s Commitment, and provided, further, that the Borrower shall not use the proceeds of any Swing
Line Loan to refinance any outstanding Swing Line Loan. Within the foregoing limits, and subject to the other terms and
conditions hereof, the Borrower may borrow under this Section 2.04, prepay under Section 2.05, and reborrow under
this Section 2.04. The Borrower will have the option to choose whether the Swing Line Loan is a (1) Base Rate Loan, or
a (2) Daily Floating Eurodollar Rate Loan. Immediately upon the making of a Swing Line Loan, each Lender shall be deemed to, and
hereby irrevocably and unconditionally agrees to, purchase from the Swing Line Lender a risk participation in such Swing Line
Loan in an amount equal to the product of such Lender’s Pro Rata Share times the amount of such Swing Line Loan.

 

(b)          Borrowing
Procedures; Conversion to Base Rate. Each Swing Line Borrowing, and each conversion of Swing Line Borrowings from one Type
to the other shall be made upon the Borrower’s irrevocable notice to the Swing Line Lender and the Administrative Agent,
which may be given by telephone. Each such notice must be received by the Swing Line Lender and the Administrative Agent not later
than 1:00 p.m. on the requested borrowing date, and shall specify (i) the amount to be borrowed, which shall be a minimum of $100,000,
(ii) the requested borrowing or conversion date, which shall be a Business Day, and (iii) whether the loan is a Base Rate Loan
or a Daily Floating Eurodollar Rate Loan. Each such telephonic notice must be confirmed promptly by delivery to the Swing Line
Lender and the Administrative Agent of a written Swing Line Loan Notice, appropriately completed and signed by a Responsible Officer
of the Borrower. Promptly after receipt by the Swing Line Lender of any telephonic Swing Line Loan Notice, the Swing Line Lender
will confirm with the Administrative Agent (by telephone or in writing) that the Administrative Agent has also received such Swing
Line Loan Notice and, if not, the Swing Line Lender will notify the Administrative Agent (by telephone or in writing) of the contents
thereof. Unless the Swing Line Lender has received notice (by telephone or in writing) from the Administrative Agent (including
at the request of any Lender) prior to 2:00 p.m. on the date of the proposed Swing Line Borrowing (A) directing the Swing Line
Lender not to make such Swing Line Loan as a result of the limitations set forth in the proviso to the first sentence of Section
2.04(a), or (B) that one or more of the applicable conditions specified in Article IV is not then satisfied, then,
subject to the terms and conditions hereof, the Swing Line Lender will, not later than 4:00 p.m. on the borrowing date specified
in such Swing Line Loan Notice, make the amount of its Swing Line Loan available to the Borrower.

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(c)          Refinancing
of Swing Line Loans.

 

(i)          The
Swing Line Lender at any time in its sole and absolute discretion may request, on behalf of the Borrower (which hereby irrevocably
authorizes the Swing Line Lender to so request on its behalf), that each Lender make a Base Rate Committed Loan in an amount equal
to such Lender’s Pro Rata Share of the amount of Swing Line Loans then outstanding. Such request shall be made in writing
(which written request shall be deemed to be a Committed Loan Notice for purposes hereof) and in accordance with the requirements
of Section 2.02, without regard to the minimum and multiples specified therein for the principal amount of Base Rate Loans,
but subject to the unutilized portion of the Aggregate Commitments and the conditions set forth in Section 4.02. The Swing
Line Lender shall furnish the Borrower with a copy of the applicable Committed Loan Notice promptly after delivering such notice
to the Administrative Agent. Each Lender shall make an amount equal to its Pro Rata Share of the amount specified in such Committed
Loan Notice available to the Administrative Agent in same day funds for the account of the Swing Line Lender at the Administrative
Agent’s Office for Dollar-denominated payments not later than 1:00 p.m. on the day specified in such Committed Loan Notice,
whereupon, subject to Section 2.04(c)(ii), each Lender that so makes funds available shall be deemed to have made a Base
Rate Committed Loan to the Borrower in such amount. The Administrative Agent shall remit the funds so received to the Swing Line
Lender.

 

(ii)         If
for any reason any Swing Line Loan cannot be refinanced by such a Committed Borrowing in accordance with Section 2.04(c)(i),
the request for Base Rate Committed Loans submitted by the Swing Line Lender as set forth herein shall be deemed to be a request
by the Swing Line Lender that each of the Lenders fund its risk participation in the relevant Swing Line Loan and each Lender’s
payment to the Administrative Agent for the account of the Swing Line Lender pursuant to Section 2.04(c)(i) shall be deemed
payment in respect of such participation.

 

(iii)       If
any Lender fails to make available to the Administrative Agent for the account of the Swing Line Lender any amount required to
be paid by such Lender pursuant to the foregoing provisions of this Section 2.04(c) by the time specified in Section
2.04(c)(i), the Swing Line Lender shall be entitled to recover from such Lender (acting through the Administrative Agent),
on demand, such amount with interest thereon for the period from the date such payment is required to the date on which such payment
is immediately available to the Swing Line Lender at a rate per annum equal to the greater of the Federal Funds Open Rate and
a rate determined by the Swing Line Lender in accordance with banking industry rules on interbank compensation. A certificate
of the Swing Line Lender submitted to any Lender (through the Administrative Agent) with respect to any amounts owing under this
clause (iii) shall be conclusive absent manifest error.

 

(iv)       Each
Lender’s obligation to make Committed Loans or to purchase and fund risk participations in Swing Line Loans pursuant to
this Section 2.04(c) shall be absolute and unconditional and shall not be affected by any circumstance, including (A) any
setoff, counterclaim, recoupment, defense or other right which such Lender may have against the Swing Line Lender, the Borrower
or any other Person for any reason whatsoever, (B) the occurrence or continuance of a Default, or (C) any other occurrence, event
or condition, whether or not similar to any of the foregoing; provided, however, that each Lender’s obligation
to make Committed Loans pursuant to this Section 2.04(c) is subject to the conditions set forth in Section 4.02.
No such funding of risk participations shall relieve or otherwise impair the obligation of the Borrower to repay Swing Line Loans,
together with interest as provided herein.

    36 

     

    

(d)          Repayment
of Participations.

 

(i)         At
any time after any Lender has purchased and funded a risk participation in a Swing Line Loan, if the Swing Line Lender receives
any payment on account of such Swing Line Loan, the Swing Line Lender will distribute to such Lender its Pro Rata Share thereof
in the same funds as those received by the Swing Line Lender.

 

(ii)         If
any payment received by the Swing Line Lender in respect of principal or interest on any Swing Line Loan is required to be returned
by the Swing Line Lender under any of the circumstances described in Section 10.06 (including pursuant to any settlement
entered into by the Swing Line Lender in its discretion), each Lender shall pay to the Swing Line Lender its Pro Rata Share thereof
on demand of the Administrative Agent, plus interest thereon from the date of such demand to the date such amount is returned,
at a rate per annum equal to the Federal Funds Open Rate. The Administrative Agent will make such demand upon the request of the
Swing Line Lender. The obligations of the Lenders under this clause shall survive the payment in full of the Obligations and the
termination of this Agreement.

 

(e)           Interest
for Account of Swing Line Lender. The Swing Line Lender shall be responsible for invoicing the Borrower for interest on the
Swing Line Loans. Until each Lender funds its Committed Loan or risk participation pursuant to this Section 2.04 to refinance
such Lender’s Pro Rata Share of any Swing Line Loan, interest in respect of such Pro Rata Share shall be solely for the
account of the Swing Line Lender.

 

(f)           Payments
Directly to Swing Line Lender. The Borrower shall make all payments of principal and interest in respect of the Swing Line
Loans directly to the Swing Line Lender.

 

2.05.       Prepayments.

 

(a)           The
Borrower may, upon notice to the Administrative Agent, at any time or from time to time voluntarily prepay Committed Loans in
whole or in part without premium or penalty; provided that (i) such notice must be received by the Administrative Agent
not later than 11:00 a.m. (A) three Business Days prior to any date of prepayment of Eurodollar Rate Loans and (B) on the date
of prepayment of Base Rate Committed Loans; (ii) any prepayment of Fixed Period Eurodollar Rate Loans shall be in a principal
amount of $5,000,000 or a whole multiple of $1,000,000 in excess thereof, and (iii) any prepayment of Base Rate Committed Loans
shall be in a principal amount of $500,000 or a whole multiple of $100,000 in excess thereof or, in each case, if less, the entire
principal amount thereof then outstanding. Each such notice shall specify the date and amount of such prepayment and the Type(s)
of Committed Loans to be prepaid; provided that, a notice of prepayment of all or any part of the outstanding Committed
Loans may state that such notice is conditioned upon the effectiveness of other credit facilities or any incurrence or issuance
of debt or equity or the occurrence of any other transaction, in which case such notice may be revoked, subject to Section 3.05,
by the Borrower (by notice to the Administrative Agent on or prior to the specified effective date) if such condition is not satisfied.
The Administrative Agent will promptly notify each Lender of its receipt of each such notice, and of the amount of such Lender’s
Pro Rata Share of such prepayment. If such notice is given by the Borrower, the Borrower shall make such prepayment and the payment
amount specified in such notice shall be due and payable on the date specified therein. Any prepayment of Fixed Period Eurodollar
Rate Loans shall be accompanied by all accrued interest thereon, together with any additional amounts required pursuant to Section
3.05. Each such prepayment shall be applied to the Committed Loans of the Lenders in accordance with their respective Pro
Rata Shares.

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(b)          The
Borrower may, upon notice to the Swing Line Lender (with a copy to the Administrative Agent), at any time or from time to time,
voluntarily prepay Swing Line Loans in whole or in part without premium or penalty; provided that (i) such notice must
be received by the Swing Line Lender and the Administrative Agent not later than 1:00 p.m. on the date of the prepayment, and
(ii) any such prepayment shall be in a minimum principal amount of $100,000. Each such notice shall specify the date and amount
of such prepayment. If such notice is given by the Borrower, the Borrower shall make such prepayment and the payment amount specified
in such notice shall be due and payable on the date specified therein.

 

(c)          If
for any reason the Total Outstandings at any time exceed the Aggregate Commitments then in effect, the Borrower shall immediately
prepay Loans and/or Cash Collateralize the L/C Obligations in an aggregate amount equal to such excess; provided, however,
that the Borrower shall not be required to Cash Collateralize the L/C Obligations pursuant to this Section 2.05(c) unless
after the prepayment in full of the Loans, the Total Outstandings exceed the Aggregate Commitments then in effect.

 

2.06.      Termination
or Reduction of Commitments. The Borrower may, upon notice to the Administrative
Agent, terminate the Aggregate Commitments and, prior to the Acquisition Increase Date, the Acquisition Increase Amount, or from
time to time permanently reduce the Aggregate Commitments and, prior to the Acquisition Increase Date, the Acquisition Increase
Amount; provided that (i) any such notice shall be received by the Administrative Agent not later than 11:00 a.m. three
Business Days prior to the date of termination or reduction; provided that, such a notice may state that such notice is
conditioned upon the effectiveness of other credit facilities or any incurrence or issuance of debt or equity or the occurrence
of any other transaction, in which case such notice may be revoked by the Borrower (by notice to the Administrative Agent on or
prior to the specified effective date) if such condition is not satisfied, (ii) any such partial reduction shall be in an aggregate
amount of $10,000,000 or any whole multiple of $1,000,000 in excess thereof, (iii) the Borrower shall not terminate or reduce
the Aggregate Commitments if, after giving effect thereto and to any concurrent prepayments hereunder, the Total Outstandings
would exceed the Aggregate Commitments, and (iv) if, after giving effect to any reduction of the Aggregate Commitments, the Letter
of Credit Sublimit or the Swing Line Sublimit exceeds the amount of the Aggregate Commitments, such Letter of Credit Sublimit
or such Swing Line Sublimit shall be automatically reduced by the amount of such excess. The Administrative Agent will promptly
notify the Lenders of any such notice of termination or reduction of the Aggregate Commitments and/or Acquisition Increase Amount.
Any reduction of the Aggregate Commitments shall be applied to the Commitment of each Lender according to its Pro Rata Share.
All commitment fees accrued until the effective date of any termination of the Aggregate Commitments shall be paid on the effective
date of such termination.

 

2.07.       Repayment
of Loans.

 

(a)           The
Borrower shall repay to the Lenders on the Maturity Date the aggregate principal amount of Committed Loans outstanding on such
date.

 

(b)          The
Borrower shall repay each Swing Line Loan on the earlier to occur of (i) the date ten Business Days after such Swing Line Loan
is made and (ii) the Maturity Date.

 

2.08.       Interest.

 

(a)           Subject
to the provisions of subsection (b) below, (i) each Fixed Period Eurodollar Rate Loan shall bear interest on the outstanding principal
amount thereof for each Interest Period at a rate per annum equal to the Fixed Period Eurodollar Rate for such Interest Period
plus the Applicable Rate; (ii) each Base Rate Committed Loan shall bear interest on the outstanding principal amount thereof
from the applicable borrowing date at a rate per annum equal to the Base Rate plus the Applicable Rate and (iii) each Swing
Line Loan shall bear interest on the outstanding principal amount thereof from the applicable borrowing date at a rate per annum
equal to the (1) Base Rate plus the Applicable Rate, or (2) Daily Floating Eurodollar Rate plus the Applicable Rate.

    38 

     

    

(b)          If
any amount payable by the Borrower under any Loan Document is not paid when due (without regard to any applicable grace periods),
whether at stated maturity, by acceleration or otherwise, such amount shall thereafter bear interest at a fluctuating interest
rate per annum at all times equal to the Default Rate to the fullest extent permitted by applicable Laws. Furthermore, while any
Event of Default exists, the Borrower shall pay interest on the principal amount of all outstanding Obligations hereunder at a
fluctuating interest rate per annum at all times equal to the Default Rate to the fullest extent permitted by applicable Laws.
Accrued and unpaid interest on past due amounts (including interest on past due interest) shall be due and payable upon demand.

 

(c)           Interest
on each Loan shall be due and payable in arrears on each Interest Payment Date applicable thereto and at such other times as may
be specified herein. Interest hereunder shall be due and payable in accordance with the terms hereof before and after judgment,
and before and after the commencement of any proceeding under any Debtor Relief Law.

 

2.09.       Fees.

 

(a)           Commitment
Fee. The Borrower shall pay to the Administrative Agent for the account of each Lender in accordance with its Pro Rata Share,
a commitment fee equal to the Applicable Rate times the actual daily amount by which the Aggregate Commitments exceed the
sum of (i) the Outstanding Amount of Committed Loans and (ii) the Outstanding Amount of L/C Obligations, subject to adjustment
as provided in Section 2.16. For the avoidance of doubt, the Outstanding Amount of Swing Line Loans shall not be counted
towards or considered usage of the Aggregate Commitments for purposes of determining the commitment fee. The commitment fee shall
accrue at all times during the Availability Period, including at any time during which one or more of the conditions in Article
IV is not met, and shall be due and payable quarterly in arrears on the last Business Day of each March, June, September and
December, commencing with the first such date to occur after the Closing Date, and on the Maturity Date. The commitment fee shall
be calculated quarterly in arrears, and if there is any change in the Applicable Rate during any quarter, the actual daily amount
shall be computed and multiplied by the Applicable Rate separately (but not invoiced separately) for each period during such quarter
that such Applicable Rate was in effect.

 

(b)           Ticking Fee. The Borrower will pay a ticking fee (the “Ticking Fee”) to the Administrative Agent for
the account of each Lender at a rate of 0.20% per annum on such Lender’s Pro Rata Share of the Acquisition Increase Amount,
accruing from and including (a) the date that is ninety (90) days after the Closing Date until (b) the earliest to occur of (i)
the Acquisition Increase Date, (ii) the date of termination of the commitments of the Lenders to provide the Acquisition Increase
Amount under Section 2.06 or Section 8.02 of this Agreement, and (iii) the Acquisition Termination Date (such earliest date, the
 “Ticking Fee Payment Date”); provided that if any of the events in the immediately preceding clause
(b) occur prior to the date which is ninety (90) days after the Closing Date, the Ticking Fee shall be zero. The Ticking Fee shall
be calculated for the actual days elapsed on the basis of a 360-day year. The Ticking Fee shall be fully earned and due and payable
on the Ticking Fee Payment Date.

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(c)           Other
Fees.

 

(i)          The
Borrower shall pay to each Arranger and the Administrative Agent for their own respective accounts fees in the amounts and at
the times specified in the Fee Letters. Such fees shall be fully earned when paid and shall not be refundable for any reason whatsoever.

 

(ii)         The
Borrower shall pay to the Lenders such fees as shall have been separately agreed upon in writing in the amounts and at the times
so specified. Such fees shall be fully earned when paid and shall not be refundable for any reason whatsoever.

 

2.10.       Computation
of Interest and Fees. All computations of interest for Base Rate Loans shall
be made on the basis of a year of 365 or 366 days, as the case may be, and actual days elapsed. All other computations of fees
and interest shall be made on the basis of a 360-day year and actual days elapsed (which results in more fees or interest, as
applicable, being paid than if computed on the basis of a 365-day year). Interest shall accrue on each Loan for the day on which
the Loan is made, and shall not accrue on a Loan, or any portion thereof, for the day on which the Loan or such portion is paid,
provided that any Loan that is repaid on the same day on which it is made shall, subject to Section 2.12(a), bear
interest for one day.

 

2.11.       Evidence
of Debt.

 

(a)           The
Credit Extensions made by each Lender shall be evidenced by one or more accounts or records maintained by such Lender and by the
Administrative Agent in the ordinary course of business. The accounts or records maintained by the Administrative Agent and each
Lender shall be prima facie evidence of the amount of the Credit Extensions made by the Lenders to the Borrower and the
interest and payments thereon. Any failure to so record or any error in doing so shall not, however, limit or otherwise affect
the obligation of the Borrower hereunder to pay any amount owing with respect to the Obligations. In the event of any conflict
between the accounts and records maintained by any Lender and the accounts and records of the Administrative Agent in respect
of such matters, the accounts and records of the Administrative Agent shall control in the absence of manifest error. Upon the
request of any Lender made through the Administrative Agent, the Borrower shall execute and deliver to such Lender (through the
Administrative Agent) a Note, which shall evidence such Lender’s Loans in addition to such accounts or records. Each Lender
may attach schedules to its Note and endorse thereon the date, Type (if applicable), amount and maturity of its Loans and payments
with respect thereto.

 

(b)          In
addition to the accounts and records referred to in subsection (a), each Lender and the Administrative Agent shall maintain in
accordance with its usual practice accounts or records evidencing the purchases and sales by such Lender of participations in
Letters of Credit and Swing Line Loans. In the event of any conflict between the accounts and records maintained by the Administrative
Agent and the accounts and records of any Lender in respect of such matters, the accounts and records of the Administrative Agent
shall control in the absence of manifest error.

 

2.12.      Payments
Generally.

 

(a)          All
payments to be made by the Borrower shall be made without condition or deduction for any counterclaim, defense, recoupment or
setoff. Except as otherwise expressly provided herein, all payments by the Borrower hereunder shall be made to the Administrative
Agent, for the account of the respective Lenders to which such payment is owed, at the Administrative Agent’s Office in
Dollars and in immediately available funds not later than 2:00 p.m. on the date specified herein. The Administrative Agent will
promptly distribute to each Lender its Pro Rata Share (or other applicable share as provided herein) of such payment in like funds
as received by wire transfer to such Lender’s Lending Office. All payments received by the Administrative Agent after 2:00
p.m. shall be deemed received on the next succeeding Business Day and any applicable interest or fee shall continue to accrue.

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(b)
          (i)           If any payment
to be made by the Borrower shall come due on a day other than a Business Day, payment shall be made on the next following Business
Day, and such extension of time shall be reflected in computing interest or fees, as the case may be; provided however that this
subsection (b)(i) shall not be applicable to payments required to be made by the Borrower on the Stated Maturity Date; and (ii)
if the Stated Maturity Date is not a Business Day, then any payment to be made by the Borrower on the Stated Maturity Date shall
be made on the next following Business Day, and such extension of time shall be reflected in computing interest or fees, as the
case may be, unless such Business Day falls in another calendar month, in which case such payment shall be due on the immediately
preceding Business Day.

 

(c)
           (i)           Unless
the Borrower has notified the Administrative Agent, prior to the date any payment is required to be made by it to the Administrative
Agent or the L/C Issuer hereunder, that the Borrower will not make such payment, the Administrative Agent may assume that the
Borrower has timely made such payment and may (but shall not be so required to), in reliance thereon, make available a corresponding
amount to the Person entitled thereto. With respect to any payment that the Administrative Agent makes for the account of the
Lenders or any L/C Issuer hereunder as to which the Administrative Agent determines (which determination shall be conclusive absent
manifest error) that any of the following applies (such payment referred to as the “Rescindable Amount”): (1)
such payment was not in fact made to the Administrative Agent in immediately available funds; (2) the Administrative Agent has
made a payment in excess of the amount so paid by the Borrower (whether or not then owed); or (3) the Administrative Agent has
for any reason otherwise erroneously made such payment; then each of the Lenders or the L/C Issuer, as the case may be, shall
forthwith within two Business Days of demand therefor, repay to the Administrative Agent the portion of such Rescindable Amount
that was made available to such Lender or the L/C Issuer in immediately available funds, together with interest thereon in respect
of each day from and including the date such Rescindable Amount was made available by the Administrative Agent to such Lender
or the L/C Issuer to the date such Rescindable Amount is repaid to the Administrative Agent in immediately available funds at
the greater of the Federal Funds Open Rate and a rate determined by the Administrative Agent in accordance with banking industry
rules on interbank compensation.

 

(ii)          Unless
the Administrative Agent shall have received notice from a Lender prior to the proposed date of any Borrowing of Fixed Period
Eurodollar Rate Loans (or, in the case of any Borrowing of Base Rate Committed Loans, prior to 12:00 noon on the date of such
Borrowing) that such Lender will not make available to the Administrative Agent such Lender’s share of such Borrowing, the
Administrative Agent may assume that such Lender has made such share available on such date in accordance with Section 2.02
(or, in the case of a Borrowing of Base Rate Loans, that such Lender has made such share available in accordance with and
at the time required by Section 2.02) and may, in reliance upon such assumption, make available to the Borrower a corresponding
amount. In such event, if a Lender has not in fact made its share of the applicable Borrowing available to the Administrative
Agent, then the applicable Lender and the Borrower severally agree to pay to the Administrative Agent forthwith on demand such
corresponding amount in immediately available funds with interest thereon, for each day from and including the date such amount
is made available to the Borrower to but excluding the date of payment to the Administrative Agent, at (A) in the case of a payment
to be made by such Lender, the greater of the Federal Funds Open Rate and a rate determined by the Administrative Agent in accordance
with banking industry rules on interbank compensation plus any administrative, processing or similar fees customarily charged
by the Administrative Agent in connection with the foregoing, and (B) in the case of a payment to be made by the Borrower, the
interest rate applicable to Base Rate Loans. If the Borrower and such Lender shall pay such interest to the Administrative Agent
for the same or an overlapping period, the Administrative Agent shall promptly remit to the Borrower the amount of such interest
paid by the Borrower for such period. If such Lender pays its share of the applicable Borrowing to the Administrative Agent, then
the amount so paid shall constitute such Lender’s Committed Loan included in such Borrowing. Any payment by the Borrower
shall be without prejudice to any claim the Borrower may have against a Lender that shall have failed to make such payment to
the Administrative Agent.

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A
notice of the Administrative Agent to any Lender or the Borrower with respect to any amount owing under this subsection (c) shall
be conclusive, absent manifest error.

 

(d)           If
any Lender makes available to the Administrative Agent funds for any Loan to be made by such Lender as provided in the foregoing
provisions of this Article II, and such funds are not made available to the Borrower by the Administrative Agent because
the conditions to the applicable Credit Extension set forth in Article IV are not satisfied or waived in accordance with
the terms hereof, the Administrative Agent shall return such funds (in like funds as received from such Lender) to such Lender,
without interest.

 

(e)           The
obligations of the Lenders hereunder to make Committed Loans and to fund participations in Letters of Credit and Swing Line Loans
are several and not joint. The failure of any Lender to make any Committed Loan, to fund any such participation or to make any
payment under Sections 10.04 or 10.05 on any date required hereunder shall not relieve any other Lender of its corresponding
obligation to do so on such date, and no Lender shall be responsible for the failure of any other Lender to so make its Committed
Loan, purchase its participation or make its payment under Sections 10.04 or 10.05.

 

(f)           Nothing
herein shall be deemed to obligate any Lender to obtain the funds for any Loan in any particular place or manner or to constitute
a representation by any Lender that it has obtained or will obtain the funds for any Loan in any particular place or manner.

 

2.13.       Sharing
of Payments.

 

(a)           If,
other than as expressly provided elsewhere herein, any Lender shall obtain on account of the Committed Loans made by it, or the
participations in L/C Obligations or in Swing Line Loans held by it, any payment (whether voluntary, involuntary, through the
exercise of any right of set-off, or otherwise) in excess of its ratable share (or other share contemplated hereunder) thereof,
such Lender shall immediately (a) notify the Administrative Agent of such fact, and (b) purchase from the other Lenders such participations
in the Committed Loans made by them, and/or such subparticipations in the participations in L/C Obligations and Swing Line Loans
held by them, as the case may be, as shall be necessary to cause such purchasing Lender to share the excess payment in respect
of such Loans or such participations, as the case may be, pro rata with each of them; provided, however, that if
all or any portion of such excess payment is thereafter recovered from the purchasing Lender under any of the circumstances described
in Section 10.06 (including pursuant to any settlement entered into by the purchasing Lender in its discretion), such purchase
shall to that extent be rescinded and each other Lender shall repay to the purchasing Lender the purchase price paid therefor,
together with an amount equal to such paying Lender’s ratable share (according to the proportion of (i) the amount of such
paying Lender’s required repayment to (ii) the total amount so recovered from the purchasing Lender) of any interest or
other amount paid or payable by the purchasing Lender in respect of the total amount so recovered, without further interest thereon.
The Borrower agrees that any Lender so purchasing a participation from another Lender may, to the fullest extent permitted by
law, exercise all its rights of payment (including the right of set-off, but subject to Section 10.09) with respect to
such participation as fully as if such Lender were the direct creditor of the Borrower in the amount of such participation. The
Administrative Agent will keep records (which shall be conclusive and binding in the absence of manifest error) of participations
purchased under this Section and will in each case notify the Lenders following any such purchases or repayments. Each Lender
that purchases a participation pursuant to this Section shall from and after such purchase have the right to give all notices,
requests, demands, directions and other communications under this Agreement with respect to the portion of the Obligations purchased
to the same extent as though the purchasing Lender were the original owner of the Obligations purchased.

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(b)          If
any Lender shall fail to make any payment required to be made by it pursuant to Section 2.03(c), 2.04, or 9.05,
then the Administrative Agent may, in its discretion and notwithstanding any contrary provision hereof, (i) apply any amounts
thereafter received by the Administrative Agent for the account of such Lender for the benefit of the Administrative Agent, the
Swing Line Lender or the L/C Issuers to satisfy such Lender’s obligations to any of them under such Section until all such
unsatisfied obligations are fully paid, and/or (ii) hold any such amounts in a segregated account as cash collateral for, and
application to, any future funding obligations of such Lender under any such Section, in the case of each of clauses (i) and (ii)
above, in any order as determined by the Administrative Agent in its discretion. For the avoidance of doubt, notwithstanding the
application or holding pursuant to this subsection of all or a part of a payment made by the Borrower for the account of a Lender,
as between the Borrower and such Lender the Borrower shall be discharged from the obligation with respect to which such payment
was made as if and to the extent such application or holding had not occurred.

 

2.14.      Extension
of Stated Maturity Date.

 

(a)          Not
earlier than 75 days prior to, nor later than 30 days prior to, an annual anniversary of the Closing Date, the Borrower may, upon
notice to the Administrative Agent (who shall promptly notify the Lenders), request a one year extension of the then current Stated
Maturity Date. The Borrower may request such an extension no more than two times. Within 15 days of delivery of such notice, each
Lender shall notify the Administrative Agent whether or not it consents to such extension (which consent may be given or withheld
in such Lender’s sole and absolute discretion). Any Lender not responding within the above time period shall be deemed not
to have consented to such extension. The Administrative Agent shall promptly notify the Borrower and the Lenders of the Lenders’
responses. If any Lender declines, or is deemed to have declined, to consent to such extension (a “Declining Lender”),
the Borrower may cause any such Declining Lender to be removed or replaced as a Lender pursuant to Section 10.16.

 

(b)          Only
if Lenders holding greater than 50% of the Commitments (calculated prior to giving effect to any removals and/or replacements
of Lenders permitted herein) (the “Consenting Lenders”) have consented to an extension requested pursuant to
this Section 2.14, the Stated Maturity Date shall be extended, with respect only to the Consenting Lenders and any Lender
replacing a Declining Lender pursuant to Section 10.16. If so extended, the Stated Maturity Date, as to the Consenting
Lenders and each Lender replacing a Declining Lender pursuant to Section 10.16, shall be extended to the date falling one
year after the existing Stated Maturity Date (except that if such date is not a Business Day, such Stated Maturity Date, as so
extended, shall be the next preceding Business Day); provided, however, that the pre-existing Stated Maturity Date
shall remain in effect with respect to any Declining Lender that is not replaced. The Administrative Agent and the Borrower shall
promptly confirm to the Lenders such extension, and the Administrative Agent shall distribute an amended Schedule 2.01
(which shall be deemed incorporated into this Agreement), to reflect any changes in Lenders and their respective Commitments.

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(c)           As a condition precedent to such extension, the Borrower shall have provided to the Administrative Agent the following,
in form and substance satisfactory to the Administrative Agent:

 

(i)           copies of corporate resolutions certified by the Secretary or Assistant Secretary of the Borrower, or such other evidence
as may be satisfactory to the Administrative Agent, demonstrating that Borrower’s incurrence of indebtedness hereunder with
a maturity date of the Stated Maturity Date, as extended pursuant to this Section 2.14, has been duly authorized by all
necessary corporate action, together with an opinion of counsel to the Borrower (which may be internal counsel) to such effect,
and

 

(ii)          a certificate (in sufficient copies for each Lender), signed by a Responsible Officer of the Borrower certifying that,
(A) before and after giving effect to such extension, the representations and warranties contained in Article V (including without
limitation the representation and warranties set forth in Sections 5.04(c) and 5.05) and the other Loan Documents
are true and correct in all material respects on and as of the date thereof (or if qualified by materiality or material adverse
effect, true and correct in all respects; provided that the representation and warranty made in Section 5.12(a) is true
and correct in all respects), except to the extent that such representations and warranties specifically refer to an earlier date,
in which case they are true and correct as of such earlier date, and except that for purposes of this Section 2.14, the
representations and warranties contained in subsections (a) and (b) of Section 5.04 shall be deemed to refer to the most
recent statements furnished pursuant to subsections (a) and (b), respectively, of Section 6.01, and (B) no Default or Event
of Default exists.

 

(d)           The Borrower shall (i) on the existing Stated Maturity Date, prior to or contemporaneous with giving effect
to any extension, pay amounts due, in full, to any Declining Lender
that is not replaced as a Lender pursuant to Section 10.16, (ii) prepay any Committed Loans outstanding on the existing Stated
Maturity Date which were made to it (and pay any additional amounts required pursuant to Section 3.05)
to the extent necessary to keep outstanding Committed Loans
ratable with the Pro Rata Shares of all the Lenders; and (iii) in the event that any Declining Lender is a L/C Issuer and any
one or more Letters of Credit issued by such L/C Issuer under this Agreement remain outstanding on such L/C Issuer’s Stated
Maturity Date, the Borrower shall Cash Collateralize such Letter of Credit pursuant to the terms of Section 2.03(g) to
secure the Borrower’s obligations to reimburse for drawings under such Letters of Credit or make other arrangements reasonably
satisfactory to such L/C Issuer with respect to such Letters of Credit including providing other credit support.

 

		2.15.	Increase
                                         in Commitments.

 

(a)          The
Aggregate Commitments shall automatically increase by the Acquisition Increase Amount on the date (the “Acquisition Increase
Date”) upon which the Administrative Agent shall have received a certificate dated as of such Acquisition Increase Date
(in sufficient copies for each Lender) signed by a Responsible Officer of the Borrower certifying that all of the following conditions
have been fully satisfied: (i) the Acquisition Closing Date shall have occurred prior to the Acquisition Termination Date in accordance
with the terms of the Acquisition Agreement (without giving effect to any amendment, modification, consent or waiver thereto (including,
without limitation, any updates to the exhibits, annexes and schedules thereto) that is materially adverse to the interests of
the Lenders (in their capacity as such), unless the Administrative Agent and the Required Lenders have delivered their prior written
consent thereto, such consent not to be unreasonably withheld or delayed), (ii) no Default exists, (iii) the representations and
warranties contained in Article V (including without limitation the representation and warranties set forth in Sections
5.04(c) and 5.05) and the other Loan Documents are true and correct in all material respects on and as of such date
(or if qualified by materiality or material adverse effect, true and correct in all respects; provided that the representation
and warranty made in Section 5.12(a) is true and correct in all respects), except to the extent that such representations
and warranties specifically refer to an earlier date, in which case they are true and correct as of such earlier date, and except
that for purposes of this Section 2.15(a), the representations and warranties contained in subsections (a) and (b) of Section
5.04 shall be deemed to refer to the most recent statements furnished pursuant to subsections (a) and (b), respectively, of
Section 6.01, (iv) any fees and expenses required to be paid on or before the Acquisition Increase Date pursuant to the
terms of the Fee Letters shall have been paid, and (v) the Administrative Agent shall have received satisfactory evidence that
the Company Credit Agreement and the Rice Midstream Holdco Credit Agreement, as each of such terms is defined in the Acquisition
Agreement, have been terminated and all amounts due and payable thereunder have been paid in full. Each Lender’s Commitment
shall increase by its Pro Rata Share of the Acquisition Increase Amount on the Acquisition Increase Date as reflected on Schedule
2.01.

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(b)          Provided
there exists no Default, upon notice to the Administrative Agent (which shall promptly notify the Lenders) after the earlier to
occur of the Acquisition Increase Date or the Acquisition Termination Date, the Borrower may on a one-time basis request an increase
in the Aggregate Commitments by an amount not exceeding $500,000,000; provided that any such request for an increase shall
be in a minimum amount of $5,000,000 or a whole multiple of $1,000,000 in excess thereof. At the time of sending such notice,
the Borrower (in consultation with the Administrative Agent) shall specify the time period within which each Lender is requested
to respond (which shall in no event be less than ten Business Days from the date of delivery of such notice to the Lenders). Each
Lender shall notify the Administrative Agent within such time period whether or not it agrees to increase its Commitment and,
if so, whether by an amount equal to, greater than, or less than its Pro Rata Share of such requested increase. Any Lender not
responding within such time period shall be deemed to have declined to increase its Commitment. The Administrative Agent shall
notify the Borrower and each Lender of the Lenders’ responses to each request made hereunder. To achieve the full amount
of a requested increase, the Borrower may also invite additional Eligible Assignees to become Lenders pursuant to a joinder agreement
in form and substance satisfactory to the Administrative Agent and its counsel.

 

(c)          If
the Aggregate Commitments are increased in accordance with Section 2.15(b), the Administrative Agent and the Borrower shall determine
the effective date (the “Increase Effective Date”) and the final allocation of such increase. The Administrative
Agent shall promptly notify the Borrower and the Lenders of the final allocation of such increase and the Increase Effective Date.
As a condition precedent to such increase, the Borrower shall have provided to the Administrative Agent the following, in form
and substance satisfactory to the Administrative Agent:

 

(i)         copies of corporate resolutions certified by the Secretary or Assistant Secretary of the Borrower, or such other evidence
as may be satisfactory to the Administrative Agent, demonstrating that Borrower’s incurrence of indebtedness hereunder in
the amount of the Aggregate Commitments as increased pursuant to Section 2.15(b) and with a maturity date of the Stated
Maturity Date then in effect, has been duly authorized by all necessary corporate action, together with an opinion of counsel
to the Borrower (which may be internal counsel) to such effect, and

 

(ii)        a certificate dated as of the Increase Effective Date (in sufficient copies for each Lender) signed by a Responsible Officer
of the Borrower certifying that, before and after giving effect to such increase, (A) the representations and warranties contained
in Article V (including without limitation the representation and warranties set forth in Sections 5.04(c) and 5.05)
and the other Loan Documents are true and correct in all material respects on and as of the Increase Effective Date (or if qualified
by materiality or material adverse effect, true and correct in all respects; provided that the representation and warranty made
in Section 5.12(a) is true and correct in all respects), except to the extent that such representations and warranties
specifically refer to an earlier date, in which case they are true and correct as of such earlier date, and except that for purposes
of this Section 2.15(c), the representations and warranties contained in subsections (a) and (b) of Section 5.04
shall be deemed to refer to the most recent statements furnished pursuant to subsections (a) and (b), respectively, of Section
6.01, and (B) no Default exists.

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(d)         The
Borrower shall prepay any Committed Loans outstanding on the Increase Effective Date (and pay any additional amounts required
pursuant to Section 3.05) to the extent necessary to keep the outstanding Committed Loans ratable with any revised
Pro Rata Shares arising from any nonratable increase in the Commitments under this Section.

 

(e)         
This Section shall supersede any provisions in Sections 2.12 or 10.01 to the contrary.

 

2.16.
      Defaulting Lenders. Notwithstanding any provision of this Agreement to the contrary,
if any Lender becomes a Defaulting Lender, then the following provisions shall apply for so long as such Lender is a Defaulting
Lender:

 

(a)         
fees shall cease to accrue on the unfunded portion of the Commitment of such Defaulting Lender pursuant to Section 2.09(a)
and any Ticking Fee shall cease to accrue on such Defaulting Lender’s Pro Rata Share of the Acquisition Increase Amount
pursuant to Section 2.09(b);

 

(b)         
the Commitment and Total Outstandings of such Defaulting Lender shall not be included in determining whether the Required
Lenders have taken or may take any action hereunder (including any consent to any amendment, waiver or other modification pursuant
to Section 10.01); provided, that this clause (b) shall not apply to the vote of a Defaulting Lender in the case of an
amendment, waiver or other modification requiring the consent of such Lender or each Lender directly affected thereby;

 

(c)         
if any Swing Line Exposure or L/C Obligations exists at the time such Lender becomes a Defaulting Lender then:

 

(i)         all
or any part of the Swing Line Exposure and L/C Obligations of such Defaulting Lender shall be reallocated among the non-Defaulting
Lenders in accordance with their respective Pro Rata Shares but only to the extent that (x) the sum of all non-Defaulting Lenders’
Total Outstandings plus such Defaulting Lender’s Swing Line Exposure and L/C Obligations does not exceed the total of all
non-Defaulting Lenders’ Commitments and (y) no Default or Event of Default has occurred and is continuing at such time;

 

(ii)        if the reallocation described in clause (i) above cannot, or can only partially, be effected, the Borrower shall within
one Business Day following notice by the Administrative Agent (x) first, prepay such Defaulting Lender’s Swing Line
Exposure and (y) second, Cash Collateralize for the benefit of the applicable L/C Issuers the Borrower’s obligations
corresponding to such Defaulting Lender’s L/C Obligations (after giving effect to any partial reallocation pursuant to clause
(i) above) in accordance with the procedures set forth in Section 2.03(g) for so long as such L/C Obligations are outstanding;

 

(iii)       if the Borrower cash collateralizes any portion of such Defaulting Lender’s L/C Obligations pursuant to clause (ii)
above, the Borrower shall not be required to pay any fees to such Defaulting Lender pursuant to Section 2.03(i) with respect
to such Defaulting Lender’s L/C Obligations during the period such Defaulting Lender’s L/C Obligations is cash collateralized;

 

(iv)       if the L/C Obligations of the non-Defaulting Lenders is reallocated pursuant to clause (i) above, then the fees payable
to such non-Defaulting Lenders pursuant to Section 2.03(i) shall be adjusted in accordance with such non-Defaulting Lenders’
L/C Obligations after giving effect to such reallocation and, to the extent of such reallocation, fees under Section 2.03(i)
shall no longer accrue for the benefit of such Defaulting Lender; and

    46

     

    

(v)         if all or any portion of such Defaulting Lender’s L/C Obligations is neither reallocated nor cash collateralized pursuant
to clause (i) or (ii) above, then, without prejudice to any rights or remedies of the L/C Issuers or any other Lender hereunder,
all letter of credit fees payable under Section 2.03(i) with respect to such Defaulting Lender’s L/C Obligations
shall be payable to the applicable L/C Issuer (and not to such Defaulting Lender) until and to the extent that such L/C Obligations
are reallocated and/or cash collateralized; and

 

(d)          so
long as such Lender is a Defaulting Lender, the Swing Line Lender shall not be required to fund any Swing Line Loan and the L/C
Issuers shall not be required to issue, amend or increase any Letter of Credit, unless such L/C Issuer is satisfied that the related
exposure and the Defaulting Lender’s then outstanding L/C Obligations will be 100% covered by the Commitments of the non-Defaulting
Lenders and/or cash collateral will be provided by the Borrower in accordance with Section 2.16(c), and participating interests
in any newly made Swing Line Loan or any newly issued or increased Letter of Credit shall be allocated among non-Defaulting Lenders
in a manner consistent with Section 2.16(c)(i) (and such Defaulting Lender shall not participate therein).

 

If
(i) a Bankruptcy Event with respect to a Parent of any Lender shall occur following the date hereof and for so long as such event
shall continue or (ii) the Swing Line Lender or any L/C Issuer has a good faith belief that any Lender has defaulted in fulfilling
its obligations under one or more other agreements in which such Lender commits to extend credit, the Swing Line Lender shall
not be required to fund any Swing Line Loan and such L/C Issuer shall not be required to issue, amend or increase any Letter of
Credit, unless the Swing Line Lender or such L/C Issuer, as the case may be, shall have entered into arrangements with the Borrower
or such Lender, satisfactory to the Swing Line Lender or such L/C Issuer, as the case may be, to defease any risk to it in respect
of such Lender hereunder.

 

In
the event that the Administrative Agent, the Borrower, the Swing Line Lender and all L/C Issuers agree that a Defaulting Lender
has adequately remedied all matters that caused such Lender to be a Defaulting Lender, then the Swing Line Exposure and L/C Obligations
of the Lenders shall be readjusted to reflect the inclusion of such Lender’s Commitment and on such date such Lender shall
purchase at par such of the Loans of the other Lenders (other than Swing Line Loans) as the Administrative Agent shall determine
may be necessary in order for such Lender to hold such Loans in accordance with its Pro Rata Share.

 

Article
III. 

TAXES, YIELD PROTECTION AND ILLEGALITY

 

		3.01.	Taxes.

 

(a)          Defined
Terms. For purposes of this Section 3.01, the term “Lender” includes any L/C Issuer and the term “applicable
law” includes FATCA.

 

(b)         Payments Free of Taxes. Any and all payments by or on account of any obligation of the Borrower under any Loan Document
shall be made without deduction or withholding for any Taxes, except as required by applicable law. If any applicable law (as
determined in the good faith discretion of an applicable Withholding Agent) requires the deduction or withholding of any Tax from
any such payment by a Withholding Agent, then the applicable Withholding Agent shall be entitled to make such deduction or withholding
and shall timely pay the full amount deducted or withheld to the relevant Governmental Authority in accordance with applicable
law and, if such Tax is an Indemnified Tax, then the sum payable by the Borrower shall be increased as necessary so that after
such deduction or withholding has been made (including such deductions and withholdings applicable to additional sums payable
under this Section 3.01(b)) the applicable Recipient receives an amount equal to the sum it would have received had no
such deduction or withholding for Indemnified Tax been made.

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(c)          Payment of Other Taxes by the Borrower. The Borrower shall timely pay to the relevant Governmental Authority in
accordance with applicable law, or at the option of the Administrative Agent timely reimburse it for the payment of, any Other
Taxes.

 

(d)          Indemnification by the Borrower. The Borrower shall indemnify each Recipient, within 20 days after receipt by the
Borrower of demand therefor, for the full amount of any Indemnified Taxes (including Indemnified Taxes imposed or asserted on
or attributable to amounts payable under this Section) payable or paid by such Recipient or required to be withheld or deducted
from a payment to such Recipient and any reasonable expenses arising therefrom or with respect thereto, whether or not such Indemnified
Taxes were correctly or legally imposed or asserted by the relevant Governmental Authority; provided that the Borrower shall not
be required to indemnify a Recipient pursuant to this Section 3.01(d) for any Indemnified Taxes unless such Recipient notifies
the Borrower of the indemnification claim for such Indemnified Taxes no later than 365 days after the earlier of (i) the date
on which the relevant Governmental Authority makes written demand upon the Recipient for payment of such Indemnified Taxes and
(ii) the date on which such Recipient has made payment of such Indemnified Taxes. A certificate as to the amount of such payment
or liability delivered to the Borrower by a Lender (with a copy to the Administrative Agent), or by the Administrative Agent on
its own behalf or on behalf of a Lender, accompanied by the calculations by which such determination was made by such Lender,
shall be conclusive absent manifest error.

 

(e)          Indemnification by the Lenders. Each Lender shall severally indemnify the Administrative Agent, within ten (10)
days after demand therefor, for (i) any Indemnified Taxes attributable to such Lender (but only to the extent that the Borrower
has not already indemnified the Administrative Agent for such Indemnified Taxes and without limiting the obligation of the Borrower
to do so), (ii) any Taxes attributable to such Lender’s failure to comply with the provisions of Section 10.07(d)
relating to the maintenance of a Participant Register and (iii) any Excluded Taxes attributable to such Lender, in each case,
that are payable or paid by the Administrative Agent in connection with any Loan Document, and any reasonable expenses arising
therefrom or with respect thereto, whether or not such Taxes were correctly or legally imposed or asserted by the relevant Governmental
Authority. A certificate as to the amount of such payment or liability delivered to any Lender by the Administrative Agent shall
be conclusive absent manifest error. Each Lender hereby authorizes the Administrative Agent to set off and apply any and all amounts
at any time owing to such Lender under any Loan Document or otherwise payable by the Administrative Agent to the Lender from any
other source against any amount due to the Administrative Agent under this subsection (e).

 

(f)          Evidence of Payments. As soon as practicable after any payment of Taxes by the Borrower to a Governmental Authority
pursuant to this Section 3.01, the Borrower shall deliver to the Administrative Agent the original or a certified copy
of a receipt issued by such Governmental Authority evidencing such payment, a copy of the return reporting such payment or other
evidence of such payment reasonably satisfactory to the Administrative Agent.

 

(g)         Status of Lenders. (i) Any Lender (which solely for purposes of this Section 3.01(g) shall include the Administrative
Agent) that is entitled to an exemption from or reduction of withholding Tax with respect to payments made under any Loan Document
shall deliver to the Borrower and the Administrative Agent, at the time or times reasonably requested by the Borrower or the Administrative
Agent, such properly completed and executed documentation reasonably requested by the Borrower or the Administrative Agent as
will permit such payments to be made without withholding or at a reduced rate of withholding. In addition, any Lender, if reasonably
requested by the Borrower or the Administrative Agent, shall deliver such other documentation prescribed by applicable law or
reasonably requested by the Borrower or the Administrative Agent as will enable the Borrower or the Administrative Agent to determine
whether or not such Lender is subject to backup withholding or information reporting requirements. Notwithstanding anything to
the contrary in the preceding two sentences, the completion, execution and submission of such documentation (other than such documentation
set forth in Section 3.01(g)(ii)(A), (ii)(B) and (ii)(D) below) shall not be required if in the Lender’s
reasonable judgment such completion, execution or submission would subject such Lender to any material unreimbursed cost or expense
or would materially prejudice the legal or commercial position of such Lender.

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(ii)          Without limiting the generality of the foregoing,

 

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

 

(B)          any Foreign Lender shall, to the extent it is legally entitled to do so, deliver to the Borrower and the Administrative
Agent (in such number of copies as shall be requested by the recipient) on or prior to the date on which such Foreign Lender becomes
a Lender under this Agreement (and from time to time thereafter upon the reasonable request of the Borrower or the Administrative
Agent), whichever of the following is applicable:

 

(i)       in
the case of a Foreign Lender claiming the benefits of an income tax treaty to which the United States is a party (x) with respect
to payments of interest under any Loan Document, properly completed and executed originals of IRS Form W-8BEN or IRS Form W-8BEN-E,
as applicable, establishing an exemption from, or reduction of, U.S. federal withholding Tax pursuant to the “interest”
article of such tax treaty and (y) with respect to any other applicable payments under any Loan Document, properly completed and
executed originals of IRS Form W-8BEN or IRS Form W-8BEN-E, as applicable, establishing an exemption from, or reduction of, U.S.
federal withholding Tax pursuant to the “business profits” or “other income” article of such tax treaty;

 

(ii)      properly
completed and executed originals of IRS Form W-8ECI;

 

(iii)     in
the case of a Foreign Lender claiming the benefits of the exemption for portfolio interest under Section 881(c) of the Code, (x)
a certificate substantially in the form of Exhibit E-1 to the effect that such Foreign Lender is not a “bank” within
the meaning of Section 881(c)(3)(A) of the Code, a “10 percent shareholder” of the Borrower within the meaning of
Section 881(c)(3)(B) of the Code, or a “controlled foreign corporation” described in Section 881(c)(3)(C) of the Code
(a “U.S. Tax Compliance Certificate”) and (y) properly completed and executed originals of IRS Form W-8BEN
or IRS Form W-8BEN-E, as applicable;

 

(iv)    properly
completed and executed originals of IRS Form W-8EXP claiming an exemption from withholding Tax; or  

 

(v)     to
the extent a Foreign Lender is not the beneficial owner, properly completed and executed originals of IRS Form W-8IMY, accompanied
by IRS Form W-8ECI, IRS Form W-8BEN or IRS Form W-8BEN-E, as applicable, a U.S. Tax Compliance Certificate substantially in the
form of Exhibit E-2 or Exhibit E-3, IRS Form W-9, and/or other certification documents from each beneficial owner, as applicable;
provided that if the Foreign Lender is a partnership and one or more direct or indirect partners of such Foreign Lender
are claiming the portfolio interest exemption, such Foreign Lender may provide a U.S. Tax Compliance Certificate substantially
in the form of Exhibit E-4 on behalf of each such direct and indirect partner;

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(C)         any
Foreign Lender shall, to the extent it is legally entitled to do so, deliver to the Borrower and the Administrative Agent (in
such number of copies as shall be requested by the recipient) on or prior to the date on which such Foreign Lender becomes a Lender
under this Agreement (and from time to time thereafter upon the reasonable request of the Borrower or the Administrative Agent),
executed originals of any other form prescribed by applicable law as a basis for claiming exemption from or a reduction in U.S.
federal withholding Tax, duly completed, together with such supplementary documentation as may be prescribed by applicable law
to permit the Borrower or the Administrative Agent to determine the withholding or deduction required to be made; and

 

(D)         if a payment made to a Lender under any Loan Document would be subject to U.S. federal withholding Tax imposed by FATCA
if such Lender were to fail to comply with the applicable reporting requirements of FATCA (including those contained in Section
1471(b) or 1472(b) of the Code, as applicable), such Lender shall deliver to the Borrower and the Administrative Agent at the
time or times prescribed by law and at such time or times reasonably requested by the Borrower or the Administrative Agent such
documentation prescribed by applicable law (including as prescribed by Section 1471(b)(3)(C)(i) of the Code) and such additional
documentation reasonably requested by the Borrower or the Administrative Agent as may be necessary for the Borrower and the Administrative
Agent to comply with their obligations under FATCA and to determine that such Lender has complied with such Lender’s obligations
under FATCA or to determine the amount to deduct and withhold from such payment. Solely for purposes of this clause (D), “FATCA”
shall include any amendments made to FATCA after the date of this Agreement.

 

Each Lender agrees
that if any form or certification it previously delivered expires or becomes obsolete or inaccurate in any respect, it shall update
such form or certification or promptly notify the Borrower and the Administrative Agent in writing of its legal inability to do
so.

 

(h)          Treatment of Certain Refunds. If any party determines, in its sole discretion exercised in good faith, that it has
received a refund of any Taxes (including any application thereof to another amount owed to the refunding Governmental Authority)
as to which it has been indemnified pursuant to this Section 3.01 (including by the payment of additional amounts pursuant
to this Section 3.01), it shall pay to the indemnifying party an amount equal to such refund (but only to the extent of
indemnity payments made under this Section 3.01 with respect to the Taxes giving rise to such refund), net of all out-of-pocket
expenses (including Taxes) of such indemnified party and without interest (other than any interest paid by the relevant Governmental
Authority with respect to such refund). Such party will make such payment to the relevant indemnifying party within ten (10) days
after the party has determined that it owes amounts to the indemnifying party pursuant to the first sentence of this Section
3.01(h). Such indemnifying party, upon the request of such indemnified party, shall repay to such indemnified party the amount
paid over pursuant to this Section 3.01(h) (plus any penalties, interest or other charges imposed by the relevant Governmental
Authority) in the event that such indemnified party is required to repay such refund to such Governmental Authority. Notwithstanding
anything to the contrary in this Section 3.01(h), in no event will the indemnified party be required to pay any amount
to an indemnifying party pursuant to this subsection (h) the payment of which would place the indemnified party in a less favorable
net after-Tax position than the indemnified party would have been in if the Tax subject to indemnification and giving rise to
such refund had not been deducted, withheld or otherwise imposed and the indemnification payments or additional amounts with respect
to such Tax had never been paid. This subsection shall not be construed to require any indemnified party to make available its
Tax returns (or any other information relating to its Taxes that it deems confidential) to the indemnifying party or any other
Person.

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(i)           Survival.
Each party’s obligations under this Section 3.01 shall survive the resignation or replacement of the Administrative
Agent or any assignment of rights by, or the replacement of, a Lender, the termination of the Commitments and the repayment, satisfaction
or discharge of all obligations under any Loan Document.

 

3.02.      Illegality. If any Lender determines that any Law has made it unlawful, or that any Governmental Authority
has asserted that it is unlawful, for any Lender or its applicable Lending Office to make, maintain or fund Eurodollar Rate Loans,
or to determine or charge interest rates based upon the Eurodollar Rate, then, on notice thereof by such Lender to the Borrower
through the Administrative Agent, any obligation of such Lender to make or continue Eurodollar Rate Loans or to convert Base Rate
Loans to Eurodollar Rate Loans shall be suspended until such Lender notifies the Administrative Agent and the Borrower that the
circumstances giving rise to such determination no longer exist. Upon receipt of such notice, the Borrower shall, upon demand
from such Lender (with a copy to the Administrative Agent), prepay or, if applicable, convert all Eurodollar Rate Loans of such
Lender to Base Rate Loans, either on the last day of the Interest Period therefor, if such Lender may lawfully continue to maintain
such Eurodollar Rate Loans to such day, or immediately, if such Lender may not lawfully continue to maintain such Eurodollar Rate
Loans. Upon any such prepayment or conversion, the Borrower shall also pay accrued interest on the amount so prepaid or converted.
Each Lender agrees to designate a different Lending Office if such designation will avoid the need for such notice and will not,
in the good faith judgment of such Lender, otherwise be materially disadvantageous to such Lender.

 

3.03.      Inability to Determine Rates; Successor Eurodollar Rate Index.

 

(a)          Inability
to Determine Rates. Subject to Section 3.03(b) below, if the Required Lenders determine that for any reason adequate
and reasonable means do not exist for determining the Eurodollar Rate for any requested Interest Period with respect to a proposed
Eurodollar Rate Loan, or that the Eurodollar Rate for any requested Interest Period with respect to a proposed Eurodollar Rate
Loan does not adequately and fairly reflect the cost to such Lenders of funding such Loan, the Administrative Agent will promptly
so notify the Borrower and each Lender. Thereafter, the obligation of the Lenders to make or maintain Eurodollar Rate Loans shall
be suspended until the Administrative Agent (upon the instruction of the Required Lenders) revokes such notice. Upon receipt of
such notice, the Borrower may revoke any pending request for a Borrowing of, conversion to or continuation of Eurodollar Rate
Loans or, failing that, will be deemed to have converted such request into a request for a Borrowing of Base Rate Loans in the
amount specified therein.

 

(b)          Benchmark Replacement.

 

(i)         Benchmark Replacement. Notwithstanding anything to the contrary herein or in any other Loan Document, if a Benchmark
Transition Event or an Early Opt-in Election, as applicable, and its related Benchmark Replacement Date have occurred prior to
the Reference Time in respect of any setting of the then-current Benchmark, then (x) if a Benchmark Replacement is determined
in accordance with clause (1) or (2) of the definition of “Benchmark Replacement” for such Benchmark Replacement
Date, such Benchmark Replacement will replace such Benchmark for all purposes hereunder and under any Loan Document in respect
of such Benchmark setting and subsequent Benchmark settings without any amendment to, or further action or consent of any other
party to, this Agreement or any other Loan Document and (y) if a Benchmark Replacement is determined in accordance with clause
(3) of the definition of “Benchmark Replacement” for such Benchmark Replacement Date, such Benchmark Replacement will
replace such Benchmark for all purposes hereunder and under any Loan Document in respect of any Benchmark setting at or after
5:00 p.m. (New York City time) on the fifth (5th) Business Day after the date notice of such Benchmark Replacement is provided
to the Lenders without any amendment to, or further action or consent of any other party to, this Agreement or any other Loan
Document so long as the Administrative Agent has not received, by such time, written notice of objection to such Benchmark Replacement
from Lenders comprising the Required Lenders.

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(ii)        Benchmark Replacement Conforming Changes. In connection with the implementation of a Benchmark Replacement, the
Administrative Agent (in consultation with the Borrower) will have the right to make Benchmark Replacement Conforming Changes
from time to time and, notwithstanding anything to the contrary herein or in any other Loan Document, any amendments implementing
such Benchmark Replacement Conforming Changes will become effective without any further action or consent of any other party to
this Agreement or any other Loan Document.

 

(iii)       Notices; Standards for Decisions and Determinations. The Administrative Agent (in consultation with the Borrower)
will promptly notify the Borrower and the Lenders of (i) any occurrence of a Benchmark Transition Event, a Term SOFR Transition
Event or an Early Opt-in Election, as applicable, and its related Benchmark Replacement Date, (ii) the implementation of any Benchmark
Replacement, (iii) the effectiveness of any Benchmark Replacement Conforming Changes, (iv) the removal or reinstatement of any
tenor of a Benchmark pursuant to paragraph (iv) below and (v) the commencement or conclusion of any Benchmark Unavailability
Period. Any determination, decision or election that may be made by the Administrative Agent or, if applicable, any Lender (or
group of Lenders) pursuant to this Section 3.03(b), including any determination with respect to a tenor, rate or adjustment
or of the occurrence or non-occurrence of an event, circumstance or date and any decision to take or refrain from taking any action
or any selection, will be conclusive and binding absent manifest error and may be made in its or their sole discretion and without
consent from any other party to this Agreement or any other Loan Document, except, in each case, as expressly required pursuant
to this Section 3.03(b).

 

(iv)       Unavailability of Tenor of Benchmark. Notwithstanding anything to the contrary herein or in any other Loan Document,
at any time (including in connection with the implementation of a Benchmark Replacement), (i) if the then-current Benchmark is
a term rate (including Term SOFR or the Eurodollar Rate) and either (A) any tenor for such Benchmark is not displayed on a screen
or other information service that publishes such rate from time to time as selected by the Administrative Agent in its reasonable
discretion or (B) the regulatory supervisor for the administrator of such Benchmark has provided a public statement or publication
of information announcing that any tenor for such Benchmark is or will be no longer representative, then the Administrative Agent
(in consultation with the Borrower) may modify the definition of “Interest Period” for any Benchmark settings at or
after such time to remove such unavailable or non-representative tenor and (ii) if a tenor that was removed pursuant to clause
(i) above either (A) is subsequently displayed on a screen or information service for a Benchmark (including a Benchmark Replacement)
or (B) is not, or is no longer, subject to an announcement that it is or will no longer be representative for a Benchmark (including
a Benchmark Replacement), then the Administrative Agent (in consultation with the Borrower) may modify the definition of “Interest
Period” for all Benchmark settings at or after such time to reinstate such previously removed tenor.

 

(v)        Benchmark Unavailability Period. Upon the Borrower’s receipt of notice of the commencement of a Benchmark
Unavailability Period, the Borrower may revoke any request for a Loan bearing interest based on the Eurodollar Rate, conversion
to or continuation of Loans bearing interest based on Eurodollar Rate to be made, converted or continued during any Benchmark
Unavailability Period and, failing that, the Borrower will be deemed to have converted any such request into a request for a Loan
of or conversion to Loans bearing interest under the Base Rate Option. During any Benchmark Unavailability Period or at any time
that a tenor for the then-current Benchmark is not an Available Tenor, the component of the Base Rate based upon the then-current
Benchmark or such tenor for such Benchmark, as applicable, will not be used in any determination of the Base Rate.

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(vi)        Secondary Term SOFR Conversion. Notwithstanding anything to the contrary herein or in any other Loan Document and
subject to the proviso below in this paragraph, if a Term SOFR Transition Event and its related Benchmark Replacement Date have
occurred prior to the Reference Time in respect of any setting of the then-current Benchmark, then (i) the applicable Benchmark
Replacement will replace the then-current Benchmark for all purposes hereunder or under any Loan Document in respect of such Benchmark
setting (the “Secondary Term SOFR Conversion Date”) and subsequent Benchmark settings, without any amendment
to, or further action or consent of any other party to, this Agreement or any other Loan Document; and (ii) Loans outstanding
on the Secondary Term SOFR Conversion Date bearing interest based on the then-current Benchmark shall be deemed to have been converted
to Loans bearing interest at the Benchmark Replacement with a tenor approximately the same length as the interest payment period
of the then-current Benchmark; provided that, this paragraph (vi) shall not be effective unless the Administrative Agent
has delivered to the Lenders and the Borrower a Term SOFR Notice.

 

(vii)       Certain Defined Terms. As used in this Section 3.03(b):

 

“Available
Tenor” means, as of any date of determination and with respect to the then-current Benchmark, as applicable, (x) if
the then current Benchmark is a term rate or is based on a term rate, any tenor for such Benchmark that is or may be used for
determining the length of an Interest Period pursuant to this Agreement as of such date and not including, for the avoidance of
doubt, any tenor for such Benchmark that is then-removed from the definition of “Interest Period” pursuant to paragraph
(iv) of this Section 3.03(b), or (y) if the then current Benchmark is not a term rate nor based on a term rate, any
payment period for interest calculated with reference to such Benchmark pursuant to this Agreement as of such date.

 

“Benchmark”
means, initially, the Eurodollar Rate; provided that if a Benchmark Transition Event, a Term SOFR Transition Event or an Early
Opt-in Election, as applicable, and its related Benchmark Replacement Date have occurred with respect to Eurodollar Rate or the
then-current Benchmark, then “Benchmark” means the applicable Benchmark Replacement to the extent that such Benchmark
Replacement has replaced such prior benchmark rate pursuant to paragraph (i) of this Section 3.03(b).

 

“Benchmark Replacement”
means, for any Available Tenor, the first alternative set forth in the order below that can be determined by the Administrative
Agent (in consultation with the Borrower) for the applicable Benchmark Replacement Date:

 

		(1)	the sum of: (a) Term SOFR and (b) the related Benchmark Replacement
                                         Adjustment;

 

		(2)	the sum of: (a) Daily Simple SOFR and (b) the related Benchmark
                                         Replacement Adjustment; or

 

(3) the sum of: (a) the alternate
benchmark rate that has been selected by the Administrative Agent and the Borrower as the replacement for the then-current Benchmark
for the applicable Corresponding Tenor giving due consideration to (i) any selection or recommendation of a replacement benchmark
rate or the mechanism for determining such a rate by the Relevant Governmental Body or (ii) any evolving or then-prevailing market
convention for determining a benchmark rate as a replacement for the then-current Benchmark for U.S. dollar-denominated syndicated
credit facilities at such time and (b) the related Benchmark Replacement Adjustment;

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provided
that, in the case of clause (1), such Unadjusted Benchmark Replacement is displayed on a screen or other information service
that publishes such rate from time to time as selected by the Administrative Agent in its reasonable discretion; provided,
further, that, with respect to a Term SOFR Transition Event, on the applicable Benchmark Replacement Date, the
 “Benchmark Replacement” shall revert to and shall be determined as set forth in clause (1) of this definition. If
the Benchmark Replacement as determined pursuant to clause (1), (2) or (3) above would be less than the Floor, the Benchmark
Replacement will be deemed to be the Floor for the purposes of this Agreement and the other Loan Documents.

 

“Benchmark
Replacement Adjustment” means, with respect to any replacement of the then-current Benchmark with an Unadjusted Benchmark
Replacement for any applicable Available Tenor for any setting of such Unadjusted Benchmark Replacement:

 

(1) for purposes
of clauses (1) and (2) of the definition of “Benchmark Replacement,” the first alternative set forth in the order
below that can be determined by the Administrative Agent (in consultation with the Borrower):

 

(a) the spread
adjustment, or method for calculating or determining such spread adjustment, (which may be a positive or negative value or zero)
as of the Reference Time such Benchmark Replacement is first set for such Available Tenor that has been selected or recommended
by the Relevant Governmental Body for the replacement of such Benchmark with the applicable Unadjusted Benchmark Replacement for
the applicable Corresponding Tenor;

 

(b) the spread
adjustment (which may be a positive or negative value or zero) as of the Reference Time such Benchmark Replacement is first set
for such Available Tenor that would apply to the fallback rate for a derivative transaction referencing the ISDA Definitions to
be effective upon an index cessation event with respect to such Benchmark for the applicable Corresponding Tenor; and

 

(2) for purposes
of clause (3) of the definition of “Benchmark Replacement,” the spread adjustment, or method for calculating or determining
such spread adjustment, (which may be a positive or negative value or zero) that has been selected by the Administrative Agent
and the Borrower for the applicable Corresponding Tenor giving due consideration to (i) any selection or recommendation of a spread
adjustment, or method for calculating or determining such spread adjustment, for the replacement of such Benchmark with the applicable
Unadjusted Benchmark Replacement by the Relevant Governmental Body on the applicable Benchmark Replacement Date or (ii) any evolving
or then-prevailing market convention for determining a spread adjustment, or method for calculating or determining such spread
adjustment, for the replacement of such Benchmark with the applicable Unadjusted Benchmark Replacement for U.S. dollar-denominated
syndicated credit facilities;

 

provided
that, (x) in the case of clause (1) above, such adjustment is displayed on a screen or other information service that
publishes such Benchmark Replacement Adjustment from time to time as selected by the Administrative Agent in its reasonable
discretion and (y) if the then-current Benchmark is a term rate, more than one tenor of such Benchmark is available as of the
applicable Benchmark Replacement Date and the applicable Unadjusted Benchmark Replacement will not be a term rate, the
Available Tenor of such Benchmark for purposes of this definition of “Benchmark Replacement Adjustment” shall be
deemed to be the Available Tenor that has approximately the same length (disregarding business day adjustments) as the
payment period for interest calculated with reference to such Unadjusted Benchmark Replacement.

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“Benchmark
Replacement Conforming Changes” means, with respect to any Benchmark Replacement, any technical, administrative or operational
changes (including changes to the definition of “Base Rate,” the definition of “Business Day,” the definition
of “Interest Period,” timing and frequency of determining rates and making payments of interest, timing of borrowing
requests or prepayment, conversion or continuation notices, length of lookback periods, the applicability of breakage provisions,
and other technical, administrative or operational matters) that the Administrative Agent (in consultation with the Borrower)
decides may be appropriate to reflect the adoption and implementation of such Benchmark Replacement and to permit the administration
thereof by the Administrative Agent in a manner substantially consistent with market practice (or, if the Administrative Agent
(in consultation with the Borrower) decides that adoption of any portion of such market practice is not administratively feasible
or if the Administrative Agent (in consultation with the Borrower) determines that no market practice for the administration of
such Benchmark Replacement exists, in such other manner of administration as the Administrative Agent (in consultation with the
Borrower) decides is reasonably necessary in connection with the administration of this Agreement and the other Loan Documents).

 

“Benchmark
Replacement Date” means the earliest to occur of the following events with respect to the then current Benchmark:

 

(1)       in
the case of clause (1) or (2) of the definition of “Benchmark Transition Event,” the later of (a) the date of the
public statement or publication of information referenced therein and (b) the date on which the administrator of such Benchmark
(or the published component used in the calculation thereof) permanently or indefinitely ceases to provide all Available Tenors
of such Benchmark (or such component thereof);

 

(2)        in
the case of clause (3) of the definition of “Benchmark Transition Event,” the date determined by the Administrative
Agent (in consultation with the Borrower), which date shall promptly follow the date of the public statement or publication of
information referenced therein;

 

(3)       in
the case of a Term SOFR Transition Event, the date that is set forth in the Term SOFR Notice provided to the Lenders and the Borrower
pursuant to this Section titled “Benchmark Replacement Setting”, which date shall be at least 30 days from the date
of the Term SOFR Notice; or

 

(4)        in
the case of an Early Opt-in Election, the sixth (6th) Business Day after the date notice of such Early Opt-in Election is provided
to the Lenders, so long as the Administrative Agent has not received, by 5:00 p.m. (New York City time) on the fifth (5th) Business
Day after the date notice of such Early Opt-in Election is provided to the Lenders, written notice of objection to such Early
Opt-in Election from Lenders comprising the Required Lenders.

 

For the avoidance
of doubt, (i) if the event giving rise to the Benchmark Replacement Date occurs on the same day as, but earlier than, the Reference
Time in respect of any determination, the Benchmark Replacement Date will be deemed to have occurred prior to the Reference Time
for such determination and (ii) the “Benchmark Replacement Date” will be deemed to have occurred in the case of clause
(1) or (2) with respect to any Benchmark upon the occurrence of the applicable event or events set forth therein with respect
to all then-current Available Tenors of such Benchmark (or the published component used in the calculation thereof).

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“Benchmark
Transition Event” means the occurrence of one or more of the following events with respect to the then-current Benchmark:

 

(1)        a
public statement or publication of information by or on behalf of the administrator of such Benchmark (or the published component
used in the calculation thereof) announcing that such administrator has ceased or will cease to provide all Available Tenors of
such Benchmark (or such component thereof), permanently or indefinitely, provided that, at the time of such statement or publication,
there is no successor administrator that will continue to provide any Available Tenor of such Benchmark (or such component thereof);

 

(2)        a
public statement or publication of information by an Official Body having jurisdiction over the Administrative Agent, the regulatory
supervisor for the administrator of such Benchmark (or the published component used in the calculation thereof), the Federal Reserve
Board, the Federal Reserve Bank of New York, an insolvency official with jurisdiction over the administrator for such Benchmark
(or such component), a resolution authority with jurisdiction over the administrator for such Benchmark (or such component) or
a court or an entity with similar insolvency or resolution authority over the administrator for such Benchmark (or such component),
which states that the administrator of such Benchmark (or such component) has ceased or will cease to provide all Available Tenors
of such Benchmark (or such component thereof) permanently or indefinitely, provided that, at the time of such statement or publication,
there is no successor administrator that will continue to provide any Available Tenor of such Benchmark (or such component thereof);
or

 

(3)        a
public statement or publication of information by the regulatory supervisor for the administrator of such Benchmark (or the published
component used in the calculation thereof) or an Official Body having jurisdiction over the Administrative Agent announcing that
all Available Tenors of such Benchmark (or such component thereof) are no longer representative.

 

For the avoidance
of doubt, a “Benchmark Transition Event” will be deemed to have occurred with respect to any Benchmark if a public
statement or publication of information set forth above has occurred with respect to each then-current Available Tenor of such
Benchmark (or the published component used in the calculation thereof).

 

“Benchmark
Unavailability Period” means the period (if any) (x) beginning at the time that a Benchmark Replacement Date pursuant
to clauses (1) or (2) of that definition has occurred if, at such time, no Benchmark Replacement has replaced the then-current
Benchmark for all purposes hereunder and under any Loan Document in accordance with this Section 3.03(b) and (y) ending
at the time that a Benchmark Replacement has replaced the then-current Benchmark for all purposes hereunder and under any Loan
Document in accordance with this Section 3.03(b).

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“Corresponding
Tenor” with respect to any Available Tenor means, as applicable, either a tenor (including overnight) or an interest
payment period having approximately the same length (disregarding business day adjustment) as such Available Tenor.

 

“Daily
Simple SOFR” means, for any day, SOFR, with the conventions for this rate (which will include a lookback) being established
by the Administrative Agent (in consultation with the Borrower) in accordance with the conventions for this rate selected or recommended
by the Relevant Governmental Body for determining “Daily Simple SOFR” for business loans; provided, that if the Administrative
Agent decides that any such convention is not administratively feasible for the Administrative Agent, then the Administrative
Agent (in consultation with the Borrower) may establish another convention in its reasonable discretion.

 

“Early
Opt-in Election” means, if the then-current Benchmark is Eurodollar Rate, the occurrence of:

 

(1) a
notification by the Administrative Agent to (or the request by the Borrower to the Administrative Agent to notify) each of the
other parties hereto that at least five currently outstanding U.S. dollar-denominated syndicated credit facilities at such time
contain (as a result of amendment or as originally executed) a SOFR-based rate (including SOFR, a term SOFR or any other rate
based upon SOFR) as a benchmark rate (and such syndicated credit facilities are identified in such notice and are publicly available
for review), and

 

(2) the
joint election by the Administrative Agent and the Borrower to trigger a fallback from Eurodollar Rate and the provision by the
Administrative Agent of written notice of such election to the Lenders.

 

“Floor”
means the benchmark rate floor, if any, provided in this Agreement initially (as of the execution of this Agreement, the modification,
amendment or renewal of this Agreement or otherwise) with respect to Eurodollar Rate or, if no floor is specified, zero.

 

“ISDA
Definitions” means the 2006 ISDA Definitions published by the International Swaps and Derivatives Association, Inc.
or any successor thereto, as amended or supplemented from time to time, or any successor definitional booklet for interest rate
derivatives published from time to time by the International Swaps and Derivatives Association, Inc. or such successor thereto.

 

“Official
Body” shall mean the government of the United States of America or any other nation, or in each case any political subdivision
thereof, whether state, local, county, provincial or otherwise, and any agency, authority, instrumentality, regulatory body, court,
central bank or other entity exercising executive, legislative, judicial, taxing, regulatory or administrative powers or functions
of or pertaining to government (including any supra-national bodies such as the European Union or the European Central Bank) and
any group or body charged with setting financial accounting or regulatory capital rules or standards (including the Financial
Accounting Standards Board, the Bank for International Settlements or the Basel Committee on Banking Supervision or any successor
or similar authority to any of the foregoing).

 

“Reference
Time” with respect to any setting of the then-current Benchmark means (1) if such Benchmark is Eurodollar Rate, 11:00
a.m. (London time) on the day that is two London banking days preceding the date of such setting, and (2) if such Benchmark is
not the Eurodollar Rate, the time determined by the Administrative Agent in its reasonable discretion.

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“Relevant
Governmental Body” means the Federal Reserve Board or the Federal Reserve Bank of New York, or a committee officially
endorsed or convened by the Federal Reserve Board or the Federal Reserve Bank of New York, or any successor thereto.

 

“SOFR”
means, with respect to any Business Day, a rate per annum equal to the secured overnight financing rate for such Business Day
published by the SOFR Administrator on the SOFR Administrator’s Website on the immediately succeeding Business Day.

 

“SOFR
Administrator” means the Federal Reserve Bank of New York (or a successor administrator of the secured overnight financing
rate).

 

“SOFR
Administrator’s Website” means the website of the Federal Reserve Bank of New York, currently at http://www.newyorkfed.org,
or any successor source for the secured overnight financing rate identified as such by the SOFR Administrator from time to time.

 

“Term
SOFR” means, for the applicable Corresponding Tenor as of the applicable Reference Time, the forward-looking term rate
based on SOFR that has been selected or recommended by the Relevant Governmental Body.

 

“Term
SOFR Notice” means a notification by the Administrative Agent to the Lenders and the Borrower of the occurrence of a
Term SOFR Transition Event.

 

“Term
SOFR Transition Event” means the determination by the Administrative Agent (in consultation with the Borrower) that
(a) Term SOFR has been recommended for use by the Relevant Governmental Body, and is determinable for each Available Tenor, (b)
the administration of Term SOFR is administratively feasible for the Administrative Agent and (c) a Benchmark Transition Event
has previously occurred resulting in a Benchmark Replacement in accordance with Section 3.03(b) that is not Term SOFR.

 

“Unadjusted
Benchmark Replacement” means the applicable Benchmark Replacement excluding the related Benchmark Replacement Adjustment.

 

3.04.      Increased
Cost and Reduced Return; Capital Adequacy.

 

(a)         
Increased Costs Generally. If any Change in Law shall:

 

(i)         impose, modify or deem applicable any reserve, special deposit, compulsory loan, insurance charge or similar requirement
against assets of, deposits with or for the account of, or credit extended or participated in by, any Lender (except reserve requirements
reflected in the Eurodollar Rate) or any L/C Issuer;

 

(ii)        subject any Recipient to any Taxes (other than (A) Indemnified Taxes and (B) Excluded Taxes) on its loans, loan principal,
letters of credit, commitments, or other obligations, or its deposits, reserves, other liabilities or capital attributable thereto;
or

 

(iii)       impose on any Lender or any L/C Issuer or the London interbank market any other condition, cost or expense (other than
Taxes) affecting this Agreement or Eurodollar Rate Loans made by such Lender or any Letter of Credit or participation therein;

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and the result of any of the foregoing
shall be to increase the cost to such Lender or such other Recipient of making, converting to, continuing or maintaining any Loan
or of maintaining its obligation to make any such Loan the interest on which is determined by reference to the Eurodollar Rate,
or to increase the cost to such Lender, such L/C Issuer or such other Recipient of participating in, issuing or maintaining any
Letter of Credit (or of maintaining its obligation to participate in or to issue any Letter of Credit), or to reduce the amount
of any sum received or receivable by such Lender, L/C Issuer or other Recipient hereunder (whether of principal, interest or any
other amount) then, upon request of such Lender, L/C Issuer or other Recipient, the Borrower will pay to such Lender, L/C Issuer
or other Recipient, as the case may be, such additional amount or amounts as will compensate such Lender, L/C Issuer or other
Recipient, as the case may be, for such additional costs incurred or reduction suffered.

 

(b)          Capital Requirements. If any Lender or L/C Issuer determines that any Change in Law affecting such Lender or L/C
Issuer or any lending office of such Lender or such Lender’s or L/C Issuer’s holding company, if any, regarding capital
or liquidity requirements, has or would have the effect of reducing the rate of return on such Lender’s or L/C Issuer’s
capital or on the capital of such Lender’s or L/C Issuer’s holding company, if any, as a consequence of this Agreement,
the Commitments of such Lender or the Loans made by, or participations in Letters of Credit or Swing Line Loans held by, such
Lender, or the Letters of Credit issued by any L/C Issuer, to a level below that which such Lender or L/C Issuer or such Lender’s
or L/C Issuer’s holding company could have achieved but for such Change in Law (taking into consideration such Lender’s
or L/C Issuer’s policies and the policies of such Lender’s or L/C Issuer’s holding company with respect to capital
adequacy or liquidity), then from time to time the Borrower will pay to such Lender or L/C Issuer, as the case may be, such additional
amount or amounts as will compensate such Lender or L/C Issuer or such Lender’s or L/C Issuer’s holding company for
any such reduction suffered.

 

(c)          Certificates for Reimbursement. A certificate of a Lender or L/C Issuer setting forth the Change in Law giving rise
to a claim for compensation under subsection (a) or (b) of this Section, the amount or amounts necessary to compensate such Lender
or L/C Issuer or its holding company, as the case may be, as specified in subsection (a) or (b) of this Section (including,
if requested by the Borrower, an explanation in reasonable detail of the manner in which such amount or amounts were determined)
and delivered to the Borrower, shall be conclusive absent manifest error. The Borrower shall pay such Lender or L/C Issuer, as
the case may be, the amount shown as due on any such certificate within 10 days after receipt thereof.

 

(d)          Delay
in Requests. Failure or delay on the part of any Lender or L/C Issuer to demand compensation pursuant to this Section shall
not constitute a waiver of such Lender’s or L/C Issuer’s right to demand such compensation; provided that the
Borrower shall not be required to compensate a Lender or L/C Issuer pursuant to this Section for any increased costs incurred
or reductions suffered more than 180 days prior to the date that such Lender or L/C Issuer, as the case may be, notifies the Borrower
of the Change in Law giving rise to such increased costs or reductions, and of such Lender’s or L/C Issuer’s intention
to claim compensation therefor (except that, if the Change in Law giving rise to such increased costs or reductions is retroactive,
then the 180 day period referred to above shall be extended to include the period of retroactive effect thereof).

 

3.05.      Funding Losses. Upon demand of any Lender (with a copy to the Administrative Agent) from time to time,
the Borrower shall promptly compensate such Lender for and hold such Lender harmless from any loss, cost or expense incurred by
it as a result of:

 

(a)          any continuation, conversion, payment or prepayment of any Loan other than a Base Rate Loan or Daily Floating Eurodollar
Rate Loan on a day other than the last day of the Interest Period for such Loan (whether voluntary, mandatory, automatic, by reason
of acceleration, or otherwise);

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(b)          any failure by the Borrower (for a reason other than the failure of such Lender to make a Loan) to prepay, borrow, continue
or convert any Loan other than a Base Rate Loan or Daily Floating Eurodollar Rate Loan on the date or in the amount notified by
the Borrower; or

 

(c)          any assignment of a Fixed Period Eurodollar Rate Loan on a day other than the last day of the Interest Period therefor
as a result of a request by the Borrower pursuant to Section 10.16(a);

 

including any loss or expense arising
from the liquidation or reemployment of funds obtained by it to maintain such Loan (excluding loss of anticipated profits) or
from fees payable to terminate the deposits from which such funds were obtained. The Borrower shall also pay any customary administrative
fees charged by such Lender in connection with the foregoing.

 

For purposes of calculating amounts payable
by the Borrower to the Lenders under this Section 3.05, each Lender shall be deemed to have funded each Fixed Period Eurodollar
Rate Loan made by it at the Fixed Period Eurodollar Rate for such Loan by a matching deposit or other borrowing in the London
interbank eurodollar market for a comparable amount and for a comparable period, whether or not such Fixed Period Eurodollar Rate
Loan was in fact so funded.

 

3.06.      Matters
Applicable to all Requests for Compensation. A certificate of the Administrative Agent or any Lender claiming compensation
under Section 3.05 and setting forth the additional amount or amounts to be paid to it hereunder shall be conclusive in
the absence of manifest error. In determining such amount, the Administrative Agent or such Lender may use any reasonable averaging
and attribution methods.

 

3.07.      Survival. All of the Borrower’s obligations under this Article III shall survive termination
of the Aggregate Commitments and repayment of all other Obligations hereunder.

 

Article
IV. 

CONDITIONS PRECEDENT TO CLOSING DATE AND TO CREDIT EXTENSIONS

 

4.01.      Conditions of Closing Date and Initial Credit Extension. The occurrence of the Closing Date and the obligation
of each Lender to make its initial Credit Extension hereunder is subject to satisfaction of the following conditions precedent:

 

(a)          The Administrative Agent’s receipt of the following, each of which shall be originals or facsimiles (followed promptly
by originals) unless otherwise specified, each properly executed by a Responsible Officer of the Borrower, each dated the Closing
Date (or, in the case of certificates of governmental officials, a recent date before the Closing Date) and each in form and substance
satisfactory to the Administrative Agent:

 

(i)          executed counterparts of this Agreement, sufficient in number for distribution as reasonably requested by the Administrative
Agent;

 

(ii)         executed counterparts of the Master Assignment, sufficient in number for distribution as reasonably requested by the Administrative
Agent;

 

(iii)        a Note executed by the Borrower in favor of each Lender requesting a Note;

 

(iv)        such certificates of resolutions or other action, incumbency certificates and/or other certificates of a Responsible Officer
of the Borrower as the Administrative Agent may require evidencing the identity, authority and capacity of each Responsible Officer
thereof authorized to act as a Responsible Officer in connection with this Agreement and the other Loan Documents to which the
Borrower is a party;

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(v)         a certificate of the Pennsylvania Secretary of State evidencing that the Borrower is duly organized or formed, and is validly
existing, in good standing under the laws of the State of Pennsylvania;

 

(vi)        a favorable opinion of Wachtell, Lipton, Rosen & Katz, special New York counsel to the Borrower, addressed to the Administrative
Agent and each Lender, and a favorable opinion of Reed Smith LLP, Pennsylvania counsel to the Borrower, addressed to the Administrative
Agent and each Lender;

 

(vii)       a certificate signed by a Responsible Officer of the Borrower certifying (A) that the representations and warranties of
the Borrower contained in Article V are true and correct in all material respects on and as of the date hereof (or if qualified
by materiality or material adverse effect, true and correct in all respects; provided that the representation and warranty made
in Section 5.12(a) is true and correct in all respects), (B) that no Default exists or would result from the execution
of this Agreement, and (C) that there has been no material adverse change since December 31, 2016 in the business, assets, liabilities
(actual or contingent), operations, or condition (financial or otherwise) of the Borrower and its subsidiaries taken as a whole;
and

 

(viii)      such other assurances, certificates, documents, consents or opinions as the Administrative Agent, the L/C Issuer, the Swing
Line Lender or the Required Lenders reasonably may require.

 

(b)          Any fees required to be paid on or before the Closing Date shall have been paid.

 

(c)          The Borrower shall have provided to the Administrative Agent and the Lenders, to the extent requested at least two Business
Days prior to the Closing Date, (A) the documentation and other information requested by the Administrative Agent and any
Lender in order to comply with the requirements of the PATRIOT Act, (B) the documentation and other information requested
by the Administrative Agent in order to comply with all “know your customer” requirements and (C) all anti-money laundering
documentation reasonably requested by the Administrative Agent.

 

(d)         Unless
waived by the Administrative Agent, the Borrower shall have paid (i) all Attorney Costs of the Administrative Agent to the extent
invoiced prior to or on the Closing Date, and (ii) all amounts payable under and in accordance with Section 10.21.

 

4.02.      Conditions to all Credit Extensions. The obligation of each Lender to honor any Request for Credit Extension
(other than (i) a Committed Loan Notice requesting only a conversion of Committed Loans to the other Type, (ii) a continuation
of Eurodollar Rate Loans, or (iii) a Swing Line Loan Notice requesting only a conversion of Swing Line Loans to the other Type)
is subject to the following conditions precedent:

 

(a)         
The representations and warranties of the Borrower contained in Article V (except the representations and warranties
in Sections 5.04(c) and 5.05, as to any matter which has theretofore been disclosed in writing by the Borrower to
the Lenders by written notice given to the Administrative Agent) or in any other Loan Document, or which are contained in any
document furnished at any time under or in connection herewith or therewith, shall be true and correct in all material respects
(provided that (i) if a representation and warranty is qualified by materiality it shall be true and correct in all respects
and (ii) the representation and warranty made in Section 5.12(a) shall be true and correct in all respects, in each case
on and as of the date of such Credit Extension (or, if such representations and warranties specifically refer to an earlier date,
as of such earlier date), except that for purposes of this Section 4.02, the representations and warranties contained in
subsections (a) and (b) of Section 5.04 shall be deemed to refer to the most recent statements furnished pursuant to clauses
(a) and (b), respectively, of Section 6.01.

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(b)         No Default shall exist or would result from such proposed Credit Extension.

 

(c)        
The Administrative Agent and, if applicable, the L/C Issuer or the Swing Line Lender shall have received a Request for
Credit Extension in accordance with the requirements hereof.

 

Each Request for Credit
Extension (other than (i) a Committed Loan Notice requesting only a conversion of Committed Loans to the other Type, (ii) a continuation
of Eurodollar Rate Loans, or (iii) a Swing Line Loan Notice requesting only a conversion of Swing Line Loans to the other Type)
submitted by the Borrower shall be deemed to be a representation and warranty that the conditions specified in Sections 4.02(a)
and (b) have been satisfied on and as of the date of the applicable Credit Extension.

 

Article
V. 

REPRESENTATIONS AND WARRANTIES

 

The Borrower represents and
warrants that:

 

5.01.    
Corporate Existence and Power. The Borrower is a corporation duly incorporated, validly existing and
in good standing under the laws of the jurisdiction of its incorporation, and has all corporate powers and all material Authorizations
required to carry on its business as now conducted.

 

5.02.     Corporate and Governmental Authorization; No Contravention. The Borrower’s incurrence of Debt hereunder,
and the execution, delivery and performance by the Borrower of this Agreement and the Notes, are within the corporate powers of
the Borrower, have been duly authorized by all necessary corporate action, require no action by or in respect of, or filing with,
any Governmental Authority (except such as has been obtained), do not contravene, or constitute a default under, any provision
of applicable law or regulation or of the certificate of incorporation or by-laws of the Borrower or of any agreement, judgment,
injunction, order, decree or other instrument binding upon the Borrower or any of its Subsidiaries, or result in the creation
or imposition of any Lien on any asset of the Borrower or any of its Subsidiaries.

 

5.03.     Binding Effect. This Agreement constitutes a valid and binding agreement of the Borrower, and each Note,
when executed and delivered in accordance with this Agreement, will constitute a valid and binding obligation of the Borrower,
in each case enforceable in accordance with its terms, except as such enforcement may be limited by bankruptcy, insolvency or
similar laws of general application relating to the enforcement of creditors’ rights.

 

5.04.     
Financial Information.

 

(a)        
The consolidated balance sheet of the Borrower and its Consolidated Subsidiaries as of December 31, 2016, and the related
consolidated statements of income, cash flows and changes in stockholders’ equity for the fiscal year then ended, reported
on by Ernst & Young LLP, independent certified public accountants for the Borrower, and set forth in the Borrower’s
2016 Form 10-K, a copy of which has been delivered to each of the Lenders, (i) fairly present, in conformity with GAAP, the consolidated
financial position of the Borrower and its Consolidated Subsidiaries as of such date and their consolidated results of operations
and cash flows for such fiscal year, and (ii) show, to the extent required by GAAP, all material indebtedness and other liabilities,
direct or contingent, of the Borrower and its Consolidated Subsidiaries as of the date thereof, including liabilities for taxes,
material commitments and Debt.

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(b)       
The unaudited consolidated balance sheet of the Borrower and its Consolidated Subsidiaries as of June 30, 2017, and the
related unaudited consolidated statements of income and cash flows for the six months then ended, set forth in the Borrower’s
Form 10-Q for the quarter ended June 30, 2017, a copy of which has been delivered to each of the Lenders, fairly present, in conformity
with GAAP applied on a basis consistent with the financial statements referred to in subsection (a) of this Section, the consolidated
financial position of the Borrower and its Consolidated Subsidiaries as of such date and their consolidated results of operations
and cash flows for such six month period (subject to normal year-end adjustments).

 

(c)        
Since December 31, 2016 there has been no material adverse change in the business, financial position or results of operations
of the Borrower and its Consolidated Subsidiaries, considered as a whole.

 

5.05.     Litigation. There is no action, suit, proceeding or investigation pending against, or, to the knowledge
of the Borrower, threatened against or affecting, the Borrower or any of its Subsidiaries before any Governmental Authority in
which there is a reasonable possibility of an adverse decision which could materially adversely affect the business, consolidated
financial position or consolidated results of operations of the Borrower and its Consolidated Subsidiaries, considered as a whole,
or which in any manner draws into question the validity or enforceability of this Agreement or the Notes.

 

5.06.     Compliance with ERISA. Each member of the ERISA Group has fulfilled its obligations under the minimum
funding standards of ERISA and the Internal Revenue Code with respect to each Plan and is in compliance in all material respects
with the presently applicable provisions of ERISA and the Internal Revenue Code with respect to each Plan. No member of the ERISA
Group has (i) sought a waiver of the minimum funding standards under the Pension Funding Rules, (ii) failed to make any contribution
or payment to any Plan or Multiemployer Plan or in respect of any Benefit Arrangement, or made any amendment to any Plan or Benefit
Arrangement, which has resulted or could result in the imposition of a Lien or the posting of a bond or other security under ERISA
or the Internal Revenue Code, or (iii) incurred any liability under Title IV of ERISA other than a liability to the PBGC for premiums
under Section 4007 of ERISA.

 

5.07.     Environmental Matters. In the ordinary course of its business, the Borrower conducts an ongoing review
of the effect of Environmental Laws on the business, operations and properties of the Borrower and its Subsidiaries, in the course
of which it identifies and evaluates associated liabilities and costs (including, without limitation, any capital or operating
expenditures required for clean-up or closure of properties presently or previously owned, any capital or operating expenditures
required to achieve or maintain compliance with environmental protection standards imposed by law or as a condition of any license,
permit or contract, any related constraints on operating activities, including any periodic or permanent shutdown of any facility
or reduction in the level of or change in the nature of operations conducted thereat, any costs or liabilities in connection with
off-site disposal of wastes or Hazardous Substances, and any actual or potential liabilities to third parties, including employees,
and any related costs and expenses). On the basis of this review, the Borrower has concluded that such associated liabilities
and costs, including the costs of compliance with Environmental Laws, are unlikely to have a material adverse effect on the business,
financial condition, results of operations or prospects of the Borrower and its Consolidated Subsidiaries, considered as a whole.

 

5.08.     Taxes. The Borrower and its Subsidiaries have filed all United States Federal income tax returns and
all other material tax returns which are required to be filed by them, and have paid all taxes due pursuant to such returns or
pursuant to any assessment received by the Borrower or any Subsidiary (other than those not yet delinquent and payable without
premium or penalty, and except for those being diligently contested in good faith by appropriate proceedings, and in each case,
for which adequate reserves and provisions for taxes have been made on the books of the Borrower and each Subsidiary). The charges,
accruals and reserves on the books of the Borrower and its Subsidiaries in respect of taxes or other governmental charges are,
in the opinion of the Borrower, adequate.

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5.09.     Subsidiaries. Each of the Borrower’s corporate Subsidiaries is a corporation duly incorporated,
validly existing and in good standing under the laws of its jurisdiction of incorporation, and has all corporate powers and all
material governmental authorizations required to carry on its business as now conducted, except where the absence of any of the
foregoing could not reasonably be expected to have a material adverse effect on the business, financial condition, results of
operations or prospects of the Borrower and its Consolidated Subsidiaries, considered as a whole.

 

5.10.     Regulatory Restrictions on Borrowing; Margin Regulations.

 

(a)        
Neither the Borrower nor any Subsidiary is an “investment company” within the meaning of the Investment
Company Act of 1940, as amended.

 

(b)        The Borrower is not engaged and will not engage, principally or as one of its important activities, in the business of
purchasing or carrying margin stock (within the meaning of Regulation U issued by the FRB), or extending credit for the purpose
of purchasing or carrying margin stock. Following the application of the proceeds of each Borrowing or drawing under each Letter
of Credit, not more than 25% of the value of the assets (either of the Borrower only or of the Borrower and its Subsidiaries on
a consolidated basis) subject to the provisions of Section 7.01 or Section 7.05 or subject to any restriction
contained in any agreement or instrument between the Borrower and any Lender or any Affiliate of any Lender relating to indebtedness
and within the scope of Section 8.01(e) will be margin stock.

 

5.11.     Full Disclosure. No statement, information, report, representation, or warranty made by the Borrower
in any Loan Document or furnished to the Administrative Agent or any Lender by or on behalf of the Borrower in connection with
any Loan Document, taken as a whole and together with disclosures made by the Borrower in filings with the SEC that are available
to the Lenders, contains any untrue statement of a material fact or omits any material fact required to be stated therein or necessary
to make the statements therein, in light of the circumstances under which they were made, not misleading; provided that, with
respect to projected financial information, the Borrower represents only that such information was prepared in good faith based
upon assumptions believed to be reasonable at the time made, it being understood that (a) such estimates, projections, forecasts
and other forward-looking information, as to future events, are not to be viewed as facts and that the actual results may differ
significantly and (b) no representation or warranty is made with respect to information of a general economic or general industry
nature.

 

5.12.     Anti-Money Laundering/International Trade Law Compliance. The Borrower represents and warrants that (a)
none of the Borrower, any of its Subsidiaries, or any Senior Officer or director of the Borrower or any of its Subsidiaries, is
a Sanctioned Person, (b) to the knowledge of the Borrower, no employee of the Borrower or any of its Subsidiaries, or any agent
of the Borrower or any of its Subsidiaries that will act in any capacity in connection with or benefit from the credit facility
established hereby, is a Sanctioned Person, (c) none of the Borrower or any of its Subsidiaries, either in its own right or, to
the knowledge of the Borrower or such Subsidiary, through any third party, (i) has any of its assets in a Sanctioned Country or
in the possession, custody or control of a Sanctioned Person in violation of any Anti-Terrorism Law; or (ii) does business in
or with, or derives any of its income from investments in or transactions with, any Sanctioned Country or Sanctioned Person in
violation of any Anti-Terrorism Law, (d) the Borrower has implemented and maintains in effect policies and procedures intended
to ensure compliance by the Borrower, its Subsidiaries and their respective directors, officers, employees (in each such Person’s
capacity as a director, officer or employee of the Borrower or its Subsidiaries) and agents with Anti-Terrorism Laws and applicable
Sanctions, and (e) each of the Borrower and its Subsidiaries, and to the knowledge of the Borrower, their respective directors,
officers, employees and agents, are in compliance with Anti-Terrorism Laws and applicable Sanctions in all material respects.

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5.13.     Compliance with FCPA. The Borrower and each of its Subsidiaries is in compliance with the Foreign Corrupt
Practices Act, 15 U.S.C. §§ 78dd-1, et seq., and any foreign counterpart thereto. Neither the Borrower nor any of its
Subsidiaries has made a payment, offering, or promise to pay, or authorized the payment of, money or anything of value (a) in
order to assist in obtaining or retaining business for or with, or directing business to, any foreign official, foreign political
party, party official or candidate for foreign political office, (b) to a foreign official, foreign political party or party official
or any candidate for foreign political office, and (c) with the intent to induce the recipient to misuse his or her official position
to direct business wrongfully to the Borrower or such Subsidiary or to any other Person, in violation of the Foreign Corrupt Practices
Act, 15 U.S.C. §§ 78dd-1, et seq.

 

5.14.     Affected Financial Institutions. None of the Borrower or any of its Subsidiaries is an Affected Financial
Institution.

 

Article
VI. 

AFFIRMATIVE COVENANTS

 

The Borrower agrees
that, so long as any Lender has any Commitment hereunder, any Letter of Credit remains outstanding or any amount payable hereunder
remains unpaid:

 

6.01.     
Information. The Borrower will deliver to the Administrative Agent and each Lender:

 

(a)         as soon as available, and in any event within 60 days after the end of each fiscal year of the Borrower, a consolidated
balance sheet of the Borrower and its Consolidated Subsidiaries (and, for purposes of this Section 6.01(a), “Consolidated
Subsidiaries” shall include any Unrestricted Midstream Entity to the extent required to be consolidated by GAAP) as of the
end of such fiscal year and the related consolidated statements of income, cash flows and changes in stockholders’ equity
for such fiscal year, setting forth in each case in comparative form the figures for the previous fiscal year, all in reasonable
detail and prepared in accordance with GAAP, audited and accompanied by a report and opinion of an independent certified public
accountant of nationally recognized standing selected by the Borrower, which report and opinion shall be prepared in accordance
with generally accepted auditing standards and shall not be subject to any “going concern” or like qualification or
exception or any qualification or exception as to the scope of such audit;

 

(b)         as soon as available, and in any event within 35 days after the end of each of the first three quarters of each fiscal
year of the Borrower, a consolidated balance sheet of the Borrower and its Consolidated Subsidiaries (and, for purposes of this
Section 6.01(b), “Consolidated Subsidiaries” shall include any Unrestricted Midstream Entity to the extent
required to be consolidated by GAAP) as of the end of such quarter and the related consolidated statements of income and cash
flows for such quarter and for the portion of the Borrower’s fiscal year ended at the end of such quarter, setting forth
in the case of such statements of income and cash flows, in comparative form the figures for the corresponding quarter and the
corresponding portion of the Borrower’s previous fiscal year, all certified (subject to normal year-end adjustments and
the absence of footnotes) as to fairness of presentation, conformity to GAAP and consistency by the chief financial officer or
the chief accounting officer of the Borrower;

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(c)         
simultaneously with the delivery of each set of financial statements referred to in clauses (a) and (b) above,
a certificate of a Responsible Officer of the Borrower substantially in the form of the Compliance Certificate attached hereto,
reflecting such financial information for the Unrestricted Midstream Entities as the Lenders shall reasonably request to enable
the Lenders to verify what adjustments were made by the Borrower to Consolidated Debt, Shareholders’ Equity and other consolidated
amounts in order to exclude such Unrestricted Midstream Entities in calculating compliance with Section 7.02;

 

(d)          within five days after any officer of the Borrower obtains actual knowledge of any Default, if such Default is then continuing,
a certificate of a Responsible Officer of the Borrower setting forth the details thereof and the action which the Borrower is
taking or proposes to take with respect thereto;

 

(e)         
promptly upon the mailing thereof to the shareholders of the Borrower generally, copies of all financial statements, reports
and proxy statements so mailed;

 

(f)         
promptly upon the filing thereof, copies of all registration statements (other than the exhibits thereto and any registration
statements on Form S-8 or its equivalent) and reports on Forms 10-K, 10-Q and 8-K (or their equivalents) which the Borrower shall
have filed with the SEC;

 

(g)          if and when any member of the ERISA Group (i) gives or is required to give notice to the PBGC of any “reportable
event” (as defined in Section 4043 of ERISA) with respect to any Plan which might constitute grounds for a termination of
such Plan under Title IV of ERISA, or knows that the plan administrator of any Plan has given or is required to give notice of
any such reportable event, a copy of the notice of such reportable event given or required to be given to the PBGC; (ii) receives
notice of complete or partial withdrawal liability under Title IV of ERISA or notice that any Multiemployer Plan is in reorganization,
is insolvent or has been terminated, a copy of such notice; (iii) receives notice from the PBGC under Title IV of ERISA of an
intent to terminate, impose liability (other than for premiums under Section 4007 of ERISA) in respect of, or appoint a trustee
to administer any Plan, a copy of such notice; (iv) applies for a waiver of the minimum funding standard under the Pension Funding
Rules, a copy of such application; (v) gives notice of intent to terminate any Plan under Section 4041(c) of ERISA, a copy of
such notice and other information filed with the PBGC; (vi) gives notice of withdrawal from any Plan pursuant to Section 4063
of ERISA, a copy of such notice; (vii) fails to make any payment or contribution to any Plan or Multiemployer Plan or in respect
of any Benefit Arrangement or makes any amendment to any Plan or Benefit Arrangement which has resulted or could result in the
imposition of a Lien or the posting of a bond or other security, a certificate of the chief financial officer or the chief accounting
officer of the Borrower setting forth details as to such occurrence and action, if any, which the Borrower or applicable member
of the ERISA Group is required or proposes to take; or (viii) determines that any Pension Plan is considered an at-risk plan or
a plan in endangered or critical status within the meaning of Sections 430, 431 and 432 of the Code or Sections 303, 304 and 305
of ERISA, a certification of funding status from the enrolled actuary for the Pension Plan;

 

(h)         notice that S&P or Moody’s has changed the equity treatment for any securities if such change would be relevant
to the determination of whether such securities are Hybrid Equity Securities, such notice to be given by the Borrower promptly
upon receiving notice from S&P or Moody’s, or promptly upon otherwise acquiring actual knowledge of the foregoing; and

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(i)          
from time to time, such additional information regarding the financial position or business of the Borrower and its Subsidiaries
as the Administrative Agent, at the request of any Lender, may reasonably request.

 

Documents required
to be delivered pursuant to Section (a), (b), (e) or (f) (to the extent any such documents are included
in materials otherwise filed with the SEC) may be delivered electronically and if so delivered, shall be deemed to have been delivered
on the date (i) (A) on which the Borrower posts such documents, or provides a link thereto on the Borrower’s website on
the Internet at the website address listed on Schedule 10.02; or (B) on which such documents are posted on the Borrower’s
behalf on IntraLinks/IntraAgency or another relevant website, if any, to which each Lender and the Administrative Agent have access
(whether a commercial, third-party website or whether sponsored by the Administrative Agent), and (ii) on which the Borrower notifies
(which may be by facsimile or electronic mail) the Administrative Agent and each Lender of the posting of any such documents;
provided that the Borrower shall deliver paper copies or soft copies (by electronic mail) of such documents to the Administrative
Agent or any Lender that requests the Borrower to deliver such paper copies or soft copies. Notwithstanding anything contained
herein, in every instance the Borrower shall be required to provide paper copies of the Compliance Certificates required by Section
6.01(c) to the Administrative Agent. Except for such Compliance Certificates, the Administrative Agent shall have no obligation
to request the delivery or to maintain copies of the documents referred to above, and in any event shall have no responsibility
to monitor compliance by the Borrower with any such request for delivery, and each Lender shall be solely responsible for requesting
delivery to it or maintaining its copies of such documents.

 

The Borrower hereby
acknowledges that (a) the Administrative Agent and/or the Arrangers will make available to the Lenders and the L/C Issuer materials
and/or information provided by or on behalf of the Borrower hereunder (collectively, “Borrower Materials”)
by posting the Borrower Materials on IntraLinks or another similar electronic system (the “Platform”) and (b)
certain of the Lenders may be “public-side” Lenders (i.e., Lenders that do not wish to receive material non-public
information with respect to the Borrower or its securities) (each, a “Public Lender”). The Borrower hereby
agrees that (w) all Borrower Materials that are to be made available to Public Lenders shall be clearly and conspicuously marked
 “PUBLIC” which, at a minimum, shall mean that the word “PUBLIC” shall appear prominently on the first
page thereof; (x) by marking Borrower Materials “PUBLIC,” the Borrower shall be deemed to have authorized the Administrative
Agent, the Arranger, the L/C Issuer and the Lenders to treat such Borrower Materials as not containing any material non-public
information with respect to the Borrower or its securities for purposes of United States Federal and state securities laws (provided,
however, that to the extent such Borrower Materials constitute Information, they shall be treated as set forth in Section
10.08); (y) all Borrower Materials marked “PUBLIC” are permitted to be made available through a portion of the
Platform designated “Public Investor;” and (z) the Administrative Agent and the Arranger shall be entitled to treat
any Borrower Materials that are not marked “PUBLIC” as being suitable only for posting on a portion of the Platform
not designated “Public Investor.”

 

6.02.     Payment of Taxes. The Borrower will pay and discharge, and will cause each Subsidiary to pay and discharge,
before delinquency, all their respective material tax liabilities, except where the same may be contested in good faith by appropriate
proceedings, and will maintain, and will cause each Subsidiary to maintain, in accordance with generally accepted accounting principles,
appropriate reserves for the accrual of any of the same.

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6.03.     Maintenance of Property; Insurance.

 

(a)       
The Borrower will keep, and will cause each Subsidiary to keep, all material property useful and necessary in its business
in good working order and condition, ordinary wear and tear excepted.

 

(b)       
The Borrower will, and will cause each of its Subsidiaries to, maintain (either in the name of the Borrower or in such
Subsidiary’s own name) with financially sound and responsible insurance companies, insurance with respect to their respective
properties and business in at least such amounts, against at least such risks and with such risk retention as are customarily
maintained, insured against or retained, as the case may be, by companies of established repute engaged in the same or a similar
business, to the extent available at the time in question on commercially reasonable terms; and will furnish to the Lenders, upon
request from the Administrative Agent, information presented in reasonable detail as to the insurance so carried.

 

6.04.     Conduct of Business and Maintenance of Existence. The Borrower will preserve, renew and keep in full
force and effect, and will cause each Subsidiary to preserve, renew and keep in full force and effect their respective legal existence
and good standing under the Laws of the jurisdiction of its organization and their respective rights, privileges and franchises
necessary or desirable in the normal conduct of business; provided that nothing in this Section 6.04 shall prohibit (i)
the merger of a Subsidiary into the Borrower or the merger or consolidation of a Subsidiary with or into another Person if (A)
in the case of a domestic Subsidiary, the corporation surviving such consolidation or merger is a domestic Subsidiary and (B)
in the case of a foreign Subsidiary, the entity surviving such consolidation or merger is a Subsidiary, if, in each case covered
by this clause (i), after giving effect thereto, no Default shall have occurred and be continuing, or (ii) the termination of
the corporate existence of any Subsidiary if the Borrower in good faith determines that such termination is in the best interest
of the Borrower and is not materially disadvantageous to the Lenders.

 

6.05.     Compliance with Laws. The Borrower will comply, and cause each Subsidiary to comply, in all material
respects with all applicable laws, ordinances, rules, regulations, and requirements of governmental authorities (including, without
limitation, Environmental Laws and ERISA and the rules and regulations thereunder) except where the necessity of compliance therewith
is contested in good faith by appropriate proceedings.

 

6.06.     Inspection of Property, Books and Records. The Borrower will keep, and will cause each Subsidiary to
keep, proper books of record and account in which full, true and correct entries shall be made of all dealings and transactions
in relation to its business and activities; and will permit, and will cause each Subsidiary to permit, representatives of any
Lender at such Lender’s expense to visit and inspect any of their respective properties, to examine and make abstracts from
any of their respective books and records, and to discuss their respective affairs, finances and accounts with their respective
officers, employees and independent public accountants, all at such reasonable times and as often as may reasonably be desired.

 

6.07.     Use of Proceeds. The proceeds of the Loans made under this Agreement may be used by the Borrower for
working capital, capital expenditures, share repurchases, and other lawful corporate purposes (including repayment of indebtedness
and to fund the Acquisition).

 

6.08.     Governmental Approvals and Filings. The Borrower will, and will cause each Subsidiary to, keep and maintain
in full force and effect all action by or in respect of, or filing with, any Governmental Authority necessary in connection with
(a) the execution and delivery of this Agreement, or any Note issued hereunder by the Borrower, (b) the consummation by the Borrower
of the transactions herein or therein contemplated, (c) the performance of or compliance with the terms and conditions hereof
or thereof by the Borrower, or (d) any other actions required to ensure the legality, validity, binding effect, enforceability
or admissibility in evidence hereof or thereof.

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6.09.     Anti-Money Laundering/International Trade Law Compliance. The Borrower covenants and agrees that (a)
none of the Borrower or any of its Subsidiaries will become a Sanctioned Person, (b) none of the Borrower or any of its Subsidiaries,
either in its own right or, to the knowledge of the Borrower or such Subsidiary, through any third party, will (i) have any of
its assets in a Sanctioned Country or in the possession, custody or control of a Sanctioned Person in violation of any Anti-Terrorism
Law, or (ii) do business in or with, or derive any of its income from investments in or transactions with, any Sanctioned Country
or Sanctioned Person in violation of any Anti-Terrorism Law, (c) it shall maintain in effect policies and procedures intended
to ensure compliance by the Borrower, its Subsidiaries and their respective directors, officers, employees (in each such Person’s
capacity as a director, officer or employee of the Borrower or its Subsidiaries) and agents with Anti-Terrorism Laws and applicable
Sanctions, (d) the Borrower will comply, and will cause its Subsidiaries, and to the knowledge of the Borrower, its and their
respective directors, officers, employees (in each such Person’s capacity as a director, officer or employee of the Borrower
or its Subsidiaries) and agents to comply, with Anti-Terrorism Laws and applicable Sanctions in all material respects, (e) the
funds used to repay the Obligations will not be derived from any unlawful activity of the Borrower or its Subsidiaries, and (f)
the Borrower shall promptly notify the Administrative Agent in writing upon the occurrence of a Reportable Compliance Event.

 

Article
VII. 

NEGATIVE COVENANTS

 

So long as any Lender
shall have any Commitment hereunder, any Loan or other Obligation hereunder shall remain unpaid or unsatisfied, or any Letter
of Credit shall remain outstanding:

 

7.01.    
Liens. Neither the Borrower nor any Subsidiary shall, directly or indirectly, create, incur, assume or
suffer to exist any Lien on any asset now owned or hereafter acquired by it, except:

 

(a)        
Liens existing on the date of this Agreement securing Debt outstanding on the date of this Agreement in an aggregate principal
or face amount not exceeding $10,000,000;

 

(b)       
any Lien existing on any asset of any Person at the time such Person becomes a Subsidiary, and not created in contemplation
of such event;

 

(c)         any Lien on any asset securing Debt incurred or assumed for the purpose of financing all or any part of the cost of acquiring,
improving, constructing or repairing such asset, provided that such Lien attaches to such asset concurrently with or within 90
days after completion of the acquisition, improvement, construction or repair thereof;

 

(d)         any Lien on any asset of any Person existing at the time such Person is merged or consolidated with or into the Borrower
or a Subsidiary and not created in contemplation of such event;

 

(e)         any Lien existing on any asset prior to the acquisition thereof by the Borrower or a Subsidiary, and not created in contemplation
of such acquisition;

 

(f)          any Lien arising out of the refinancing, extension, renewal or refunding of any Debt secured by any Lien permitted by any
of the foregoing clauses of this Section; provided that such Debt is not increased and is not secured by any additional assets;

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(g)          Liens arising in the ordinary course of its business which (i) do not secure Debt or obligations in respect of Swap Contracts,
(ii) do not secure any obligation in an amount exceeding $20,000,000 and (iii) do not in the aggregate materially detract from
the value of its assets or materially impair the use thereof in the operation of its business;

 

(h)          Liens
on cash and cash equivalents to secure obligations arising under Swap Contracts which Liens (i) are granted pursuant to a Master
Agreement or pursuant to the rules of a designated contract market and (ii) secure Swap Contracts which are entered into with
respect to the Borrower’s operations in the ordinary course of its business;

 

(i)           Liens in favor of the Borrower or any Subsidiary (other than Liens on assets of the Borrower);

 

(j)           Liens granted pursuant to any Loan Document (including Liens on cash and cash equivalents securing reimbursement obligations
in respect of letters of credit issued pursuant to the Loan Documents);

 

(k)          Production Payments and Liens on the properties covered thereby to secure performance obligations in connection therewith,
provided that the aggregate principal amount of balance sheet obligations in respect of Production Payments may at no time exceed
$500,000,000;

 

(l)           Liens (other than Liens imposed under ERISA) for taxes, assessments or governmental charges or levies not past due for
more than 60 days or which are being contested in good faith and by appropriate proceedings, if adequate reserves with respect
thereto are maintained on the books of the applicable Person in accordance with GAAP;

 

(m)         Liens on any amounts held by a trustee under any indenture issued in escrow pursuant to customary escrow arrangements pending
the release thereof, or under any indenture pursuant to customary discharge, redemption or defeasance provisions; and

 

(n)          Liens not otherwise permitted by the foregoing clauses of this Section securing Debt in an aggregate principal or face
amount at any date not to exceed $250,000,000.

 

7.02.      Debt to Total Capital. Consolidated Debt will at no time exceed sixty-five percent (65%) of Total Capital.

 

7.03.      Transactions with Affiliates. The Borrower will not, and will not permit any Subsidiary to, directly
or indirectly, pay any funds to or for the account of, make any investment (whether by acquisition of stock or indebtedness, by
loan, advance, transfer of property, guarantee or other agreement to pay, purchase or service, directly or indirectly, any Debt,
or otherwise) in, lease, sell, transfer or otherwise dispose of any assets, tangible or intangible, to, or participate in, or
effect, any transaction with, any Affiliate, except on an arms-length basis on terms at least as favorable to the Borrower or
such Subsidiary as could have been obtained from a third party who was not an Affiliate; provided that the foregoing restrictions
shall not apply to transactions between or among the Borrower and any of its Subsidiaries (without giving effect to the proviso
in the definition of “Subsidiary”, and whether or not wholly-owned), and provided further that the foregoing
provisions of this Section shall not prohibit any such Person from declaring or paying any lawful dividend or other payment ratably
in respect of all of its capital stock of the relevant class so long as, after giving effect thereto, no Default shall have occurred
and be continuing.

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7.04.      Limitation of Other Restrictions on Dividends by Subsidiaries, etc. The Borrower will not permit any
Subsidiary to be or become subject to any restriction of any nature (whether arising by operation of law, by agreement, by its
articles of incorporation, by-laws or other constituent documents of such Subsidiary, or otherwise) on the right of such Subsidiary
from time to time to (w) declare and pay dividends or distributions with respect to capital stock owned by the Borrower or
any Subsidiary, (x) pay any indebtedness, obligations or liabilities from time to time owed to the Borrower or any Subsidiary,
(y) make loans or advances to the Borrower or any Subsidiary, or (z) transfer any of its properties or assets to the
Borrower or any Subsidiary, except:

 

(a)          legal restrictions under other applicable Law, if any, and fraudulent conveyance or similar laws of general applicability
for the benefit of creditors of such Subsidiary generally;

 

(b)          with respect to clause (z) above: (i) non-assignment provisions of any executory contract or of any lease
by the Borrower or such Subsidiary as lessee, and (ii) restrictions on transfer of property subject to a Lien permitted by
Section 7.01 for the benefit of the holder of such Lien;

 

(c)          restrictions applicable solely to an Excluded Subsidiary; and

 

(d)          (i) from and after the Acquisition Closing Date, restrictions with respect to REI and its subsidiaries existing on the
Acquisition Closing Date and not entered into in contemplation of the Acquisition, and (ii) restrictions with respect to any Subsidiary
(other than REI and its subsidiaries) that is acquired after the Closing Date and not entered into in contemplation of such acquisition,
and in the case of each of the foregoing subclauses (i) and (ii), replacements thereof that are not materially more restrictive,
taken as a whole, as determined in good faith by the Borrower;

 

provided that the foregoing shall
not prohibit financial incurrence, maintenance and similar covenants that have the effect of prohibiting or restricting the ability
of a Subsidiary to make such payments or transfers, or provisions that require that a certain amount of capital be maintained.

 

7.05.     Mergers and Sales of Assets. The Borrower will not (a) consolidate or merge with or into any other Person
or (b) sell, lease or otherwise transfer, directly or indirectly, all or substantially all of the assets of the Borrower and its
Subsidiaries, taken as a whole, to any other Person; provided that the Borrower may merge with any another Person if (x)
the Borrower is the corporation surviving such merger and (y) after giving effect to such merger, no Default shall have occurred
and be continuing.

 

7.06.    Change in Nature of Business. The Borrower (a) shall not, nor shall it permit any Subsidiary to, directly
or indirectly, engage in any material line of business substantially different from those lines of business conducted by the Borrower
and its Subsidiaries on the date hereof or any business substantially related or incidental thereto and (b) shall not permit any
Unrestricted Midstream Entity, for so long as any such entity is an Affiliate of the Borrower, to engage in any material line
of business other than the midstream oil and gas business or any business substantially related or incidental thereto.

 

7.07.      Use of Proceeds. The Borrower shall not use the proceeds of any Credit Extension, whether directly or
indirectly, for a purpose that entails a violation of Regulation U of the FRB. The proceeds of the Loans shall not be used, directly
or indirectly, by the Borrower or its Subsidiaries to fund any operations in, finance any investments or activities in, or, make
any payments to, a Sanctioned Country or Sanctioned Person in violation of any Anti-Terrorism Law.

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7.08.      Unrestricted Midstream Entities.

 

(a)          Except as otherwise provided under this Section 7.08, the Borrower shall not, and shall not permit any Subsidiary
to, (i) provide any Guarantee of any Debt of any Unrestricted Midstream Entity, (ii) permit any Debt of any Unrestricted Midstream
Entity to be recourse to the Borrower, any Subsidiary or any of their respective assets, or (iii) permit any Lien on the property
of the Borrower or any Subsidiary to secure any Debt of any Unrestricted Midstream Entity.

 

(b)          Except as otherwise provided under this Section 7.08, the Borrower shall not permit any Unrestricted Midstream Entity
to (i) own any capital stock of or other equity interests in the Borrower or any Subsidiary, provided that at any time on or after
the Acquisition Closing Date, Rice GP Holdings may acquire equity interests in EQM or EQGP in connection with or resulting from
the purchase or exchange of incentive distribution rights of, and/or limited partnership interests in, RMP currently held by Rice
GP Holdings, (ii) hold any Debt of the Borrower, except in the ordinary course of business but in no event Debt for borrowed money,
or (iii) hold any Lien on property of the Borrower or any Subsidiary, except in connection with the ordinary course of business
but in no event to secure Debt for borrowed money.

 

(c)          Notwithstanding anything to the contrary set forth in clauses (a) and (b) above, so long as no Default then
exists or will result therefrom, (i) the Borrower or any Subsidiary may sell or otherwise transfer any asset (excluding capital
stock of or other equity interests in any Subsidiary) to any Unrestricted Midstream Entity, and any Unrestricted Midstream Entity
may own such assets, (ii) the Borrower or any Subsidiary may sell or otherwise transfer capital stock of or other equity interests
in any Subsidiary to any Unrestricted Midstream Entity, and any Unrestricted Midstream Entity may own such capital stock or other
equity interests, so long as such Subsidiary is not a “Subsidiary” of the Borrower under this Agreement after giving
effect to such sale or transfer, (iii) (x) to the extent that it is subject to the restrictions in Section 7.08(a) or (b)
due to its being a Subsidiary of the Borrower, (I) EQM General Partner may incur recourse liability for Debt of EQM and/or
any EQM Subsidiary (which may be secured by a Lien on the capital stock of or other equity interests of EQM or any EQM Subsidiary),
and (II) from and after the Acquisition Closing Date, RMP General Partner may incur recourse liability for Debt of RMP and/or
any RMP Subsidiary (which may be secured by a Lien on the capital stock of or other equity interests of RMP or any RMP Subsidiary),
and (y) any general partner of (I) EQGP may incur recourse liability for Debt of any EQM Unrestricted Entity (which may be secured
by a Lien on the capital stock of or other equity interests of any EQM Unrestricted Entity), and (II) Rice GP Holdings may incur
recourse liability for Debt of any RMP Unrestricted Entity (which may be secured by a Lien on the capital stock of or other equity
interests of any RMP Unrestricted Entity) and (iv) the Borrower and any Subsidiary of the Borrower may provide credit support
(including issuing and maintaining letters of credit, guaranties (other than guaranties of Debt for borrowed money) and surety
and performance bonds on behalf of any Unrestricted Midstream Entity) to any Unrestricted Midstream Entity pursuant to agreements
between the Borrower, any Subsidiary and any Unrestricted Midstream Entity entered into in the ordinary course of business (including
an omnibus agreement among the Borrower, EQM, the EQM General Partner and the other parties thereto, as the same may be amended
or otherwise modified from time to time, and corresponding agreements with respect to EQGP and the EQGP General Partner, and,
after the Acquisition Closing Date, RMP and the RMP General Partner).

 

Article
VIII. 

EVENTS OF DEFAULT AND REMEDIES

 

8.01.      Events of Default. Any of the following shall constitute an Event of Default:

 

(a)          Non-Payment. The Borrower fails to pay (i) when and as required to be paid herein, any amount of principal of any
Loan or any L/C Obligation, or (ii) within five days after the same becomes due, any interest on any Loan or on any L/C Obligation,
or any facility or other fee due hereunder, or any other amount payable hereunder or under any other Loan Document; or

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(b)          Specific Covenants. The Borrower fails to perform or observe any term, covenant or agreement contained in any of
Sections 6.01(d), 6.04 (with respect to the Borrower’s existence), 6.07, 6.08, or 6.09(a)
or Article VII; or

 

(c)          Other Defaults. The Borrower fails to perform or observe any other covenant or agreement (not specified in subsection
(a) or (b) above) contained in any Loan Document on its part to be performed or observed and such failure continues for 30
days; or

 

(d)          Representations and Warranties. Any representation, warranty, certification or statement of fact made or deemed
made by or on behalf of the Borrower, in this Agreement or in any other Loan Document, or in any document delivered in connection
herewith or therewith shall be incorrect or misleading in any material respect (except to the extent qualified by materiality,
in which case they shall be true and correct in all respects and except that the representation and warranty made in Section
5.12(a) shall be true and correct in all respects) when made or deemed made; provided that (except in the case of any
representation, warranty or certification made with respect to any financial statement of the Borrower or made pursuant to Section
5.12(a)) if such lack of correctness is capable of being remedied or cured within a 30-day period, Borrower shall have a period
of 30 days after the earlier of (i) written notice thereof has been given to the Borrower by Administrative Agent (acting on the
request of one or more Lenders) or (ii) a Responsible Officer of the Borrower has obtained knowledge thereof, within which to
remedy or cure such lack of correctness; or

 

(e)          Cross-Payment Default; Cross-Acceleration. The Borrower or any Subsidiary (A) fails to make any payment when due
(whether by scheduled maturity, required prepayment, acceleration, demand, or otherwise) in respect of any Material Financial
Obligations, or (B) fails to observe or perform any other agreement or condition relating to any Material Debt or contained in
any instrument or agreement evidencing, securing or relating thereto, or any other event occurs, the effect of which default or
other event is to cause the maturity of such Material Debt to be accelerated or to cause such Material Debt to be repurchased,
prepaid, defeased or redeemed (automatically or otherwise), or an offer to repurchase, prepay, defease or redeem such Debt to
be made, prior to its stated maturity; or

 

(f)           Insolvency Proceedings, Etc. The Borrower or any Material Subsidiary institutes or consents to the institution of
any proceeding under any Debtor Relief Law, or makes an assignment for the benefit of creditors; or applies for or consents to
the appointment of any receiver, trustee, custodian, conservator, liquidator, rehabilitator or similar officer for it or for all
or any material part of its property; or any receiver, trustee, custodian, conservator, liquidator, rehabilitator or similar officer
is appointed without the application or consent of such Person and the appointment continues undischarged or unstayed for 60 calendar
days; or any proceeding under any Debtor Relief Law relating to any such Person or to all or any material part of its property
is instituted without the consent of such Person and continues undismissed or unstayed for 60 calendar days, or an order for relief
is entered in any such proceeding; or

 

(g)          Inability to Pay Debts; Attachment. The Borrower or any Material Subsidiary (i) admits in writing its inability
or fails generally to pay its debts as they become due, or (ii) any writ or warrant of attachment or execution or similar process
is issued or levied against all or any material part of the property of any such Person and is not released, vacated or fully
bonded within 30 days after its issue or levy; or

 

(h)          Judgments. There is entered against the Borrower or any Subsidiary final judgments or orders for the payment of
money in an aggregate amount exceeding $100,000,000 (to the extent not covered by independent third-party insurance as to which
the insurer does not dispute coverage), and (A) enforcement proceedings are commenced by any creditor upon such judgment or order,
or (B) there is a period of 30 consecutive days during which a stay of enforcement of such judgment, by reason of a pending appeal
or otherwise, is not in effect; or

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(i)           ERISA. Any member of the ERISA Group shall fail to pay when due an amount or amounts aggregating in excess of $100,000,000
which it shall have become liable to pay under Title IV of ERISA; or notice of intent to terminate a Material Plan shall be filed
under Title IV of ERISA by any member of the ERISA Group, any plan administrator or any combination of the foregoing; or the PBGC
shall institute proceedings under Title IV of ERISA to terminate, to impose liability (other than for premiums under Section 4007
of ERISA) in respect of, or to cause a trustee to be appointed to administer, any Material Plan; or a condition shall exist by
reason of which the PBGC would be entitled to obtain a decree adjudicating that any Material Plan must be terminated; or there
shall occur a complete or partial withdrawal from, or a default, within the meaning of Section 4219(c)(5) of ERISA, with respect
to, one or more Multiemployer Plans, which could cause one or more members of the ERISA Group to incur a current payment obligation
in excess of $100,000,000 in the aggregate; or

 

(j)           Invalidity of Loan Documents. Any Loan Document (other than the Fee Letters), at any time after its execution and
delivery and for any reason other than as expressly permitted hereunder or satisfaction in full of all the Obligations, ceases
to be in full force and effect; or the Borrower or any other Person contests in any manner the validity or enforceability of any
Loan Document; or the Borrower denies that it has any or further liability or obligation under any Loan Document, or purports
to revoke, terminate or rescind any Loan Document; or

 

(k)          Change of Control. There occurs any Change of Control with respect to the Borrower.

 

8.02.      Remedies Upon Event of Default. If any Event of Default occurs and is continuing, the Administrative
Agent shall, at the request of, or may, with the consent of, the Required Lenders, take any or all of the following actions:

 

(a)          declare the commitment of each Lender to make Loans and any obligations of the L/C Issuer to make L/C Credit Extensions
to be terminated, whereupon such commitments and obligation shall be terminated;

 

(b)          declare the unpaid principal amount of all outstanding Loans, all interest accrued and unpaid thereon, and all other amounts
owing or payable hereunder or under any other Loan Document to be immediately due and payable, without presentment, demand, protest
or other notice of any kind, all of which are hereby expressly waived by the Borrower;

 

(c)          require that the Borrower Cash Collateralize the L/C Obligations (in an amount equal to the then Outstanding Amount thereof);
and

 

(d)          exercise on behalf of itself and the Lenders all rights and remedies available to it and the Lenders under the Loan Documents
or applicable law;

 

provided, however, that
upon the occurrence of an actual or deemed entry of an order for relief with respect to the Borrower under the Bankruptcy Code
of the United States, the obligation of each Lender to make Loans and any obligation of the L/C Issuer to make L/C Credit Extensions
shall automatically terminate, the unpaid principal amount of all outstanding Loans and all interest and other amounts as aforesaid
shall automatically become due and payable, and the obligation of the Borrower to Cash Collateralize the L/C Obligations as aforesaid
shall automatically become effective, in each case without further act of the Administrative Agent or any Lender.

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8.03.      Application of Funds. After the exercise of remedies provided for in Section 8.02 (or after the
Loans have automatically become immediately due and payable and the L/C Obligations have automatically been required to be Cash
Collateralized as set forth in the proviso to Section 8.02), any amounts received on account of the Obligations shall be
applied by the Administrative Agent in the following order:

 

First, to payment
of that portion of the Obligations constituting fees, indemnities, expenses and other amounts (including Attorney Costs and amounts
payable under Article III) payable to the Administrative Agent in its capacity as such;

 

Second, to
payment of that portion of the Obligations constituting fees, indemnities and other amounts (other than principal and interest)
payable to the Lenders and the L/C Issuers (including Attorney Costs and amounts payable under Article III), ratably among
them in proportion to the amounts described in this clause Second payable to them;

 

Third, to payment
of that portion of the Obligations constituting accrued and unpaid Letter of Credit fees pursuant to Section 2.03(i) and
interest on the Loans, the L/C Borrowings and other Obligations, ratably among the Lenders in proportion to the respective amounts
described in this clause Third payable to them;

 

Fourth, to
payment of that portion of the Obligations constituting unpaid principal of the Loans and L/C Borrowings, ratably among the Lenders
and the L/C Issuers in proportion to the respective amounts described in this clause Fourth held by them;

 

Fifth, to the
Administrative Agent for the account of the L/C Issuer, to Cash Collateralize that portion of L/C Obligations comprised of the
aggregate undrawn amount of Letters of Credit to the extent not cash collateralized by the Borrower pursuant to Section 2.16(c);
and

 

Last, the balance,
if any, after all of the Obligations have been indefeasibly paid in full, to the Borrower or as otherwise required by Law.

 

Subject to Section
2.03(c), amounts used to Cash Collateralize the aggregate undrawn amount of Letters of Credit pursuant to clause Fifth above
shall be applied to satisfy drawings under such Letters of Credit as they occur. If any amount remains on deposit as Cash Collateral
after all Letters of Credit have either been fully drawn or expired, such remaining amount shall be applied to the other Obligations,
if any, in the order set forth above.

 

Article
IX. 

ADMINISTRATIVE AGENT

 

9.01.      Appointment and Authorization of Administrative Agent.

 

Each of the Lenders
and the L/C Issuer hereby irrevocably appoints PNC Bank to act on its behalf as the Administrative Agent hereunder and under the
other Loan Documents and authorizes the Administrative Agent to take such actions on its behalf and to exercise such powers as
are delegated to the Administrative Agent by the terms hereof or thereof, together with such actions and powers as are reasonably
incidental thereto. The provisions of this Article are solely for the benefit of the Administrative Agent, the Lenders and the
L/C Issuer, and the Borrower shall not have rights as a third party beneficiary of any of such provisions. It is understood and
agreed that the use of the term “agent” herein or in any other Loan Documents (or any other similar term) with reference
to the Administrative Agent is not intended to connote any fiduciary or other implied (or express) obligations arising under agency
doctrine of any applicable law; provided that the meaning of such term in Section 10.07(c) is intended to be consistent
with the meaning of such term as used in Section 5f.103-1(c) of the United States Treasury Regulations. Instead such term is used
as a matter of market custom, and is intended to create or reflect only an administrative relationship between contracting parties.

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9.02.      Rights as a Lender. The Person serving as the Administrative Agent hereunder shall have the same rights
and powers in its capacity as a Lender as any other Lender and may exercise the same as though it were not the Administrative
Agent and the term “Lender” or “Lenders” shall, unless otherwise expressly indicated or unless the context
otherwise requires, include the Person serving as the Administrative Agent hereunder in its individual capacity. Such Person and
its Affiliates may accept deposits from, lend money to, act as the financial advisor or in any other advisory capacity for and
generally engage in any kind of business with the Borrower or any Subsidiary or other Affiliate thereof as if such Person were
not the Administrative Agent hereunder and without any duty to account therefor to the Lenders.

 

9.03.      Exculpatory Provisions. The Administrative Agent shall not have any duties or obligations except those
expressly set forth herein and in the other Loan Documents, and its duties hereunder shall be administrative in nature. Without
limiting the generality of the foregoing, the Administrative Agent:

 

(a)          shall not be subject to any fiduciary or other implied duties, regardless of whether a Default has occurred and is continuing;

 

(b)          shall not have any duty to take any discretionary action or exercise any discretionary powers, except discretionary rights
and powers expressly contemplated hereby or by the other Loan Documents that the Administrative Agent is required to exercise
as directed in writing by the Required Lenders (or such other number or percentage of the Lenders as shall be expressly provided
for herein or in the other Loan Documents), provided that the Administrative Agent shall not be required to take any action that,
in its opinion or the opinion of its counsel, may expose the Administrative Agent to liability or that is contrary to any Loan
Document or applicable law, including for the avoidance of doubt any action that may be in violation of the automatic stay under
any Debtor Relief Law or that may effect a forfeiture, modification or termination of property of a Defaulting Lender in violation
of any Debtor Relief Law; and

 

(c)          shall not, except as expressly set forth herein and in the other Loan Documents, have any duty to disclose, and shall not
be liable for the failure to disclose, any information relating to the Borrower or any of its Affiliates that is communicated
to or obtained by the Person serving as the Administrative Agent or any of its Affiliates in any capacity.

 

The Administrative
Agent shall not be liable for any action taken or not taken by it (i) with the consent or at the request of the Required Lenders
(or such other number or percentage of the Lenders as shall be necessary, or as the Administrative Agent shall believe in good
faith shall be necessary, under the circumstances as provided in Sections 10.01 and 8.02) or (ii) in the absence
of its own gross negligence or willful misconduct as determined by a court of competent jurisdiction by final and nonappealable
judgment. The Administrative Agent shall be deemed not to have knowledge of any Default unless and until notice describing such
Default is given to the Administrative Agent by the Borrower, a Lender or the L/C Issuer.

 

The Administrative
Agent shall not be responsible for or have any duty to ascertain or inquire into (i) any statement, warranty or representation
made in or in connection with this Agreement or any other Loan Document, (ii) the contents of any certificate, report or other
document delivered hereunder or thereunder or in connection herewith or therewith, (iii) the performance or observance of any
of the covenants, agreements or other terms or conditions set forth herein or therein or the occurrence of any Default, (iv) the
validity, enforceability, effectiveness or genuineness of this Agreement, any other Loan Document or any other agreement, instrument
or document or (v) the satisfaction of any condition set forth in Article IV or elsewhere herein, other than to confirm
receipt of items expressly required to be delivered to the Administrative Agent.

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9.04.      Reliance by Administrative Agent.

 

The Administrative
Agent shall be entitled to rely upon, and shall not incur any liability for relying upon, any notice, request, certificate, consent,
statement, instrument, document or other writing (including any electronic message, Internet or intranet website posting or other
distribution) believed by it to be genuine and to have been signed, sent or otherwise authenticated by the proper Person. The
Administrative Agent also may rely upon any statement made to it orally or by telephone and believed by it to have been made by
the proper Person, and shall not incur any liability for relying thereon. In determining compliance with any condition hereunder
to the making of a Loan, or the issuance of a Letter of Credit, that by its terms must be fulfilled to the satisfaction of a Lender
or the L/C Issuer, the Administrative Agent may presume that such condition is satisfactory to such Lender or the L/C Issuer unless
the Administrative Agent shall have received notice to the contrary from such Lender or the L/C Issuer prior to the making of
such Loan or the issuance of such Letter of Credit. The Administrative Agent shall be entitled to rely on legal counsel (who may
be counsel for the Borrower), independent accountants and other experts selected by it, and shall not be liable for any action
taken or not taken by it in accordance with the advice of any such counsel, accountants or experts.

 

9.05.      Indemnification of Administrative Agent. Whether or not the transactions contemplated hereby are consummated,
the Lenders shall indemnify upon demand each Agent-Related Person (to the extent not reimbursed by or on behalf of the Borrower
and without limiting the obligation of the Borrower to do so), pro rata, and hold harmless each Agent-Related Person from and
against any and all Indemnified Liabilities incurred by it, provided that such unreimbursed Indemnified Liabilities were incurred
by or asserted against the Administrative Agent or an L/C Issuer in each case in its capacity as such or against any Agent-Related
Persons acting for the Administrative Agent or an L/C Issuer in connection with such capacity; provided, however, that no Lender
shall be liable for the payment to any Agent-Related Person of any portion of such Indemnified Liabilities to the extent determined
in a final, nonappealable judgment by a court of competent jurisdiction to have resulted from such Agent-Related Person’s
own gross negligence or willful misconduct; and provided, further, that no action taken in accordance with the directions of the
Required Lenders shall be deemed to constitute gross negligence or willful misconduct for purposes of this Section. Without limitation
of the foregoing, each Lender shall reimburse the Administrative Agent upon demand for its ratable share of any costs or out-of-pocket
expenses (including Attorney Costs) incurred by the Administrative Agent in connection with the preparation, execution, delivery,
administration, modification, amendment or enforcement (whether through negotiations, legal proceedings or otherwise) of, or legal
advice in respect of rights or responsibilities under, this Agreement, any other Loan Document, or any document contemplated by
or referred to herein, to the extent that the Administrative Agent is not reimbursed for such expenses by or on behalf of the
Borrower. The obligations of the Lenders in this Section are subject to the provisions of Section 2.12(e) and shall survive
termination of the Aggregate Commitments, the payment of all other Obligations and the resignation of the Administrative Agent.

 

9.06.      Delegation of Duties. The Administrative Agent may perform any and all of its duties and exercise its
rights and powers hereunder or under any other Loan Document by or through any one or more sub agents appointed by the Administrative
Agent. The Administrative Agent and any such sub agent may perform any and all of its duties and exercise its rights and powers
by or through their respective Related Parties. The exculpatory provisions of this Article shall apply to any such sub agent and
to the Related Parties of the Administrative Agent and any such sub agent, and shall apply to their respective activities in connection
with the syndication of the credit facilities provided for herein as well as activities as Administrative Agent. The Administrative
Agent shall not be responsible for the negligence or misconduct of any sub-agents except to the extent that a court of competent
jurisdiction determines in a final and nonappealable judgment that the Administrative Agent acted with gross negligence or willful
misconduct in the selection of such sub-agents.

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9.07.      Resignation of Administrative Agent. The Administrative Agent may at any time give notice of its resignation
to the Lenders, the L/C Issuer and the Borrower. Upon receipt of any such notice of resignation, the Required Lenders shall have
the right, in consultation with the Borrower (so long as no Event of Default exists), to appoint a successor, which shall be a
bank with an office in the United States, or an Affiliate of any such bank with an office in the United States. If no such successor
shall have been so appointed by the Required Lenders and shall have accepted such appointment within 30 days after the retiring
Administrative Agent gives notice of its resignation, then the retiring Administrative Agent may on behalf of the Lenders and
the L/C Issuer, appoint a successor Administrative Agent meeting the qualifications set forth above; provided that if the Administrative
Agent shall notify the Borrower and the Lenders that no qualifying Person has accepted such appointment, then such resignation
shall nonetheless become effective in accordance with such notice and (1) the retiring Administrative Agent shall be discharged
from its duties and obligations hereunder and under the other Loan Documents and (2) all payments, communications and determinations
provided to be made by, to or through the Administrative Agent shall instead be made by or to each Lender and the L/C Issuer directly,
until such time as the Required Lenders appoint a successor Administrative Agent as provided for above in this Section. Upon the
acceptance of a successor’s appointment as Administrative Agent hereunder, such successor shall succeed to and become vested
with all of the rights, powers, privileges and duties of the retiring (or retired) Administrative Agent, and the retiring Administrative
Agent shall be discharged from all of its duties and obligations hereunder or under the other Loan Documents (if not already discharged
therefrom as provided above in this Section). The fees payable by the Borrower to a successor Administrative Agent shall be the
same as those payable to its predecessor unless otherwise agreed between the Borrower and such successor. After the retiring Administrative
Agent’s resignation hereunder and under the other Loan Documents, the provisions of this Article and Section 10.04
shall continue in effect for the benefit of such retiring Administrative Agent, its sub agents and their respective Related Parties
in respect of any actions taken or omitted to be taken by any of them while the retiring Administrative Agent was acting as Administrative
Agent.

 

Any resignation by
PNC Bank as Administrative Agent pursuant to this Section shall also constitute its resignation as L/C Issuer and Swing Line Lender.
Upon the acceptance of a successor’s appointment as Administrative Agent hereunder, (a) such successor shall succeed to
and become vested with all of the rights, powers, privileges and duties of the retiring L/C Issuer and Swing Line Lender, (b)
the retiring L/C Issuer and Swing Line Lender shall be discharged from all of their respective duties and obligations hereunder
or under the other Loan Documents, and (c) the successor L/C Issuer shall issue letters of credit in substitution for the Letters
of Credit, if any, outstanding at the time of such succession or make other arrangements satisfactory to the retiring L/C Issuer
to effectively assume the obligations of the retiring L/C Issuer with respect to such Letters of Credit.

 

9.08.      Non-Reliance on Administrative Agent and Other Lenders. Each Lender and the L/C Issuer acknowledges that
it has, independently and without reliance upon the Administrative Agent or any other Lender or any of their Related Parties and
based on such documents and information as it has deemed appropriate, made its own credit analysis and decision to enter into
this Agreement. Each Lender and the L/C Issuer also acknowledges that it will, independently and without reliance upon the Administrative
Agent or any other Lender or any of their Related Parties and based on such documents and information as it shall from time to
time deem appropriate, continue to make its own decisions in taking or not taking action under or based upon this Agreement, any
other Loan Document or any related agreement or any document furnished hereunder or thereunder.

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9.09.      No Other Duties, Etc. Anything herein to the contrary notwithstanding, none of the Arrangers, Documentation
Agent or Co-Syndication Agents listed on the cover page hereof shall have any powers, duties or responsibilities under this Agreement
or any of the other Loan Documents, except in its capacity, as applicable, as the Administrative Agent, a Lender or an L/C Issuer
hereunder.

 

9.10.      Administrative Agent May File Proofs of Claim. In case of the pendency of any receivership, insolvency,
liquidation, bankruptcy, reorganization, arrangement, adjustment, composition or other judicial proceeding relative to the Borrower,
the Administrative Agent (irrespective of whether the principal of any Loan or L/C Obligation shall then be due and payable as
herein expressed or by declaration or otherwise and irrespective of whether the Administrative Agent shall have made any demand
on the Borrower) shall be entitled and empowered, by intervention in such proceeding or otherwise:

 

(a)          to file and prove a claim for the whole amount of the principal and interest owing and unpaid in respect of the Loans,
L/C Obligations and all other Obligations that are owing and unpaid and to file such other documents as may be necessary or advisable
in order to have the claims of the Lenders, the L/C Issuer and the Administrative Agent (including any claim for the reasonable
compensation, expenses, disbursements and advances of the Lenders, the L/C Issuer and the Administrative Agent and their respective
agents and counsel and all other amounts due the Lenders, the L/C Issuer and the Administrative Agent under Sections 2.03(i)
and (j), 2.09, 10.04 and 10.05) allowed in such judicial proceeding; and

 

(b)          to collect and receive any monies or other property payable or deliverable on any such claims and to distribute the same;

 

and any custodian, receiver, assignee,
trustee, liquidator, sequestrator or other similar official in any such judicial proceeding is hereby authorized by each Lender
and the L/C Issuer to make such payments to the Administrative Agent and, in the event that the Administrative Agent shall consent
to the making of such payments directly to the Lenders and the L/C Issuer, to pay to the Administrative Agent any amount due for
the reasonable compensation, expenses, disbursements and advances of the Administrative Agent and its agents and counsel, and
any other amounts due the Administrative Agent under Sections 2.09, 10.04 and 10.05.

 

Nothing contained
herein shall be deemed to authorize the Administrative Agent to authorize or consent to or accept or adopt on behalf of any Lender
or the L/C Issuer any plan of reorganization, arrangement, adjustment or composition affecting the Obligations or the rights of
any Lender or to authorize the Administrative Agent to vote in respect of the claim of any Lender in any such proceeding.

 

9.11.      No Reliance on Administrative Agent’s Customer Identification Program. Each Lender acknowledges and agrees
that neither such Lender, nor any of its Affiliates, participants or assignees, may rely on the Administrative Agent to carry
out such Lender’s, Affiliate’s, participant’s or assignee’s customer identification program, or other obligations required or
imposed under or pursuant to the USA PATRIOT Act or the regulations thereunder, including the regulations contained in 31 CFR
1020.220 (as hereafter amended or replaced, the “CIP Regulations”), or any other Anti-Terrorism Law, including
any programs involving any of the following items relating to or in connection with Borrower, its Affiliates or its agents, the
Loan Documents or the transactions hereunder or contemplated hereby: (i) any identity verification procedures, (ii) any recordkeeping,
(iii) comparisons with government lists, (iv) customer notices or (v) other procedures required under the CIP Regulations or such
other Anti-Terrorism Law.

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9.12.      Recovery of Erroneous Payments. Without limitation of any other provision in this Agreement, if at any
time the Administrative Agent makes a payment hereunder in error to any Credit Party, whether or not in respect of an Obligation
due and owing by the Borrower at such time, where such payment is a Rescindable Amount, then in any such event, each Credit Party
receiving a Rescindable Amount severally agrees to repay to the Administrative Agent forthwith within two Business Days of demand
therefor, the Rescindable Amount received by such Credit Party in immediately available funds in the currency so received, with
interest thereon, for each day from and including the date such Rescindable Amount is received by it to but excluding the date
of payment to the Administrative Agent, at the greater of the Federal Funds Open Rate and a rate determined by the Administrative
Agent in accordance with banking industry rules on interbank compensation. Each Credit Party irrevocably waives any and all defenses,
including any “discharge for value” (under which a creditor might otherwise claim a right to retain funds mistakenly
paid by a third party in respect of a debt owed by another) or similar defense to its obligation to return any Rescindable Amount.
The Administrative Agent shall inform each Credit Party promptly upon determining that any payment made to such Credit Party comprised,
in whole or in part, a Rescindable Amount.

 

9.13.      Certain
ERISA Matters.     

 

(a)          Each Lender (x) represents and warrants, as of the date such Person became a Lender party hereto, to, and (y) covenants,
from the date such Person became a Lender party hereto to the date such Person ceases being a Lender party hereto, for the benefit
of, the Administrative Agent and not, for the avoidance of doubt, to or for the benefit of the Borrower, that at least one of
the following is and will be true:

 

(i)          such Lender is not using “plan assets” (within the meaning of Section 3(42) of ERISA or otherwise)
of one or more Plans with respect to such Lender’s entrance into, participation in, administration of and performance of
the Loans, the Letters of Credit, the Commitments or this Agreement,

 

(ii)         the transaction exemption set forth in one or more PTEs, such as PTE 84-14 (a class exemption for certain transactions
determined by independent qualified professional asset managers), PTE 95-60 (a class exemption for certain transactions involving
insurance company general accounts), PTE 90-1 (a class exemption for certain transactions involving insurance company pooled
separate accounts), PTE 91-38 (a class exemption for certain transactions involving bank collective investment funds) or
PTE 96-23 (a class exemption for certain transactions determined by in-house asset managers), is applicable with respect
to such Lender’s entrance into, participation in, administration of and performance of the Loans, the Letters of Credit,
the Commitments and this Agreement,

 

(iii)        (A) such Lender is an investment fund managed by a “Qualified Professional Asset Manager” (within the
meaning of Part VI of PTE 84-14), (B) such Qualified Professional Asset Manager made the investment decision
on behalf of such Lender to enter into, participate in, administer and perform the Loans, the Letters of Credit, the Commitments
and this Agreement, (C) the entrance into, participation in, administration of and performance of the Loans, the Letters
of Credit, the Commitments and this Agreement satisfies the requirements of subsections (b) through (g)
of Part I of PTE 84-14 and (D) to the best knowledge of such Lender, the requirements of subsection (a)
of Part I of PTE 84-14 are satisfied with respect to such Lender’s entrance into, participation in,
administration of and performance of the Loans, the Letters of Credit, the Commitments and this Agreement, or

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(iv)        such other representation, warranty and covenant as may be agreed in writing between the Administrative Agent, in its sole
discretion, and such Lender.

 

(b)          In addition, unless either (1) subclause (i) in the immediately preceding clause (a)
is true with respect to a Lender or (2) a Lender has provided another representation, warranty and covenant in accordance
with subclause (iv) in the immediately preceding clause (a), such Lender further (x) represents
and warrants, as of the date such Person became a Lender party hereto, to, and (y) covenants, from the date such Person became
a Lender party hereto to the date such Person ceases being a Lender party hereto, for the benefit of, the Administrative Agent
and not, for the avoidance of doubt, to or for the benefit of the Borrower, that the Administrative Agent is not a fiduciary with
respect to the assets of such Lender involved in such Lender’s entrance into, participation in, administration of and performance
of the Loans, the Letters of Credit, the Commitments and this Agreement (including in connection with the reservation or exercise
of any rights by the Administrative Agent under this Agreement, any Loan Document or any documents related hereto or thereto).

 

Article
X. 

MISCELLANEOUS

 

10.01.   
Amendments, Etc. No amendment or waiver of any provision of this Agreement or any other Loan Document,
and no consent to any departure by the Borrower therefrom, shall be effective unless in writing signed by the Required Lenders
and the Borrower, and acknowledged by the Administrative Agent, and each such waiver or consent shall be effective only in the
specific instance and for the specific purpose for which given; provided, however, that no such amendment, waiver
or consent shall:

 

(a)          extend or increase the Commitment of any Lender (or reinstate any Commitment terminated pursuant to Section 8.02)
without the written consent of such Lender;

 

(b)          postpone any date fixed by this Agreement or any other Loan Document for any payment of principal, interest, fees or other
amounts due to the Lenders (or any of them) hereunder or under any other Loan Document without the written consent of each Lender
directly affected thereby;

 

(c)          reduce the principal of, or the rate of interest specified herein on, any Loan or L/C Borrowing, or (subject to clause
(v) of the second proviso to this Section 10.01) any fees or other amounts payable hereunder or under any other Loan Document
without the written consent of each Lender directly affected thereby; provided, however, that only the consent of
the Required Lenders shall be necessary to amend the definition of “Default Rate” or to waive any obligation of the
Borrower to pay interest at the Default Rate;

 

(d)          change Section 2.13 or Section 8.03 in a manner that would alter the pro rata sharing of payments required
thereby without the written consent of each Lender; or

 

(e)          change any provision of this Section or the definition of “Required Lenders” or any other provision hereof
specifying the number or percentage of Lenders required to amend, waive or otherwise modify any rights hereunder or make any determination
or grant any consent hereunder, without the written consent of each Lender;

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and, provided further, that (i)
no amendment, waiver or consent shall, unless in writing and signed by the L/C Issuer in addition to the Lenders required above,
affect the rights or duties of the L/C Issuer under this Agreement or any Letter of Credit Application relating to any Letter
of Credit issued or to be issued by it; (ii) no amendment, waiver or consent shall, unless in writing and signed by the Swing
Line Lender in addition to the Lenders required above, affect the rights or duties of the Swing Line Lender under this Agreement;
(iii) no amendment, waiver or consent shall, unless in writing and signed by the Administrative Agent in addition to the Lenders
required above, affect the rights or duties of the Administrative Agent under this Agreement or any other Loan Document; (iv)
Section 10.07(h) may not be amended, waived or otherwise modified without the consent of each Granting Lender all or any
part of whose Loans are being funded by an SPC at the time of such amendment, waiver or other modification; and (v) the Fee Letters
may be amended, or rights or privileges thereunder waived, in a writing executed only by the parties thereto.

 

10.02.   
Notices; Effectiveness; Electronic Communication.

 

(a)          Notices Generally. Except in the case of notices and other communications expressly permitted to be given by telephone
(and except as provided in subsection (b) below), all notices and other communications provided for herein shall be in
writing and shall be delivered by hand or overnight courier service, mailed by certified or registered mail or sent by telecopier
as follows, and all notices and other communications expressly permitted hereunder to be given by telephone shall be made to the
applicable telephone number, as follows:

 

(i)         if to the Borrower, the Administrative Agent or the Swing Line Lender, to the address, telecopier number, electronic mail
address or telephone number specified for such Person on Schedule 10.02; and

 

(ii)        if to any other Lender or any L/C Issuer, to the address, telecopier number, electronic mail address or telephone number
specified in its Administrative Questionnaire.

 

Notices sent by hand or overnight courier
service, or mailed by certified or registered mail, shall be deemed to have been given when received; notices sent by telecopier
shall be deemed to have been given when sent (except that, if not given during normal business hours for the recipient, shall
be deemed to have been given at the opening of business on the next business day for the recipient). Notices delivered through
electronic communications to the extent provided in subsection (b) below, shall be effective as provided in such subsection
(b).

 

(b)          Electronic Communications. Notices and other communications to the Lenders and the L/C Issuer hereunder may be delivered
or furnished by electronic communication (including e-mail and Internet or intranet websites) pursuant to procedures approved
by the Administrative Agent, provided that the foregoing shall not apply to notices to any Lender or the L/C Issuer pursuant
to Article II if such Lender or the L/C Issuer, as applicable, has notified the Administrative Agent that it is incapable
of receiving notices under such Article by electronic communication. The Administrative Agent or the Borrower may, in its discretion,
agree to accept notices and other communications to it hereunder by electronic communications pursuant to procedures approved
by it, provided that approval of such procedures may be limited to particular notices or communications.

 

Unless the Administrative
Agent otherwise prescribes, (i) notices and other communications sent to an e-mail address shall be deemed received upon
the sender’s receipt of an acknowledgement from the intended recipient (such as by the “return receipt requested”
function, as available, return e-mail or other written acknowledgement), provided that if such notice or other communication
is not sent during the normal business hours of the recipient, such notice or communication shall be deemed to have been sent
at the opening of business on the next business day for the recipient, and (ii) notices or communications posted to an Internet
or intranet website shall be deemed received upon the deemed receipt by the intended recipient at its e-mail address as described
in the foregoing clause (i) of notification that such notice or communication is available and identifying the website address
therefor.

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(c)          The Platform. THE PLATFORM IS PROVIDED “AS IS” AND “AS AVAILABLE.” THE AGENT PARTIES (AS
DEFINED BELOW) DO NOT WARRANT THE ACCURACY OR COMPLETENESS OF THE BORROWER MATERIALS OR THE ADEQUACY OF THE PLATFORM, AND EXPRESSLY
DISCLAIM LIABILITY FOR ERRORS IN OR OMISSIONS FROM THE BORROWER MATERIALS. NO WARRANTY OF ANY KIND, EXPRESS, IMPLIED OR STATUTORY,
INCLUDING ANY WARRANTY OF MERCHANTABILITY, FITNESS FOR A PARTICULAR PURPOSE, NON-INFRINGEMENT OF THIRD PARTY RIGHTS OR FREEDOM
FROM VIRUSES OR OTHER CODE DEFECTS, IS MADE BY ANY AGENT PARTY IN CONNECTION WITH THE BORROWER MATERIALS OR THE PLATFORM. In no
event shall the Administrative Agent or any of its Related Parties (collectively, the “Agent Parties”) have
any liability to the Borrower, any Lender, the L/C Issuer or any other Person for losses, claims, damages, liabilities or expenses
of any kind (whether in tort, contract or otherwise) arising out of the Borrower’s or the Administrative Agent’s transmission
of Borrower Materials through the Internet, except to the extent that such losses, claims, damages, liabilities or expenses are
determined by a court of competent jurisdiction by a final and nonappealable judgment to have resulted from the gross negligence
or willful misconduct of such Agent Party; provided, however, that in no event shall any Agent Party have any liability
to the Borrower, any Lender, the L/C Issuer or any other Person for indirect, special, incidental, consequential or punitive damages
(as opposed to direct or actual damages).

 

(d)          Change of Address, Etc. Each of the Borrower, the Administrative Agent, the L/C Issuer and the Swing Line Lender
may change its address, telecopier or telephone number for notices and other communications hereunder by notice to the other parties
hereto. Each other Lender may change its address, telecopier or telephone number for notices and other communications hereunder
by notice to the Borrower, the Administrative Agent, the L/C Issuer and the Swing Line Lender. In addition, each Lender agrees
to notify the Administrative Agent from time to time to ensure that the Administrative Agent has on record (i) an effective address,
contact name, telephone number, telecopier number and electronic mail address to which notices and other communications may be
sent and (ii) accurate wire instructions for such Lender.

 

(e)          Reliance by Administrative Agent, L/C Issuer and Lenders. The Administrative Agent, the L/C Issuer and the Lenders
shall be entitled to rely and act upon any notices (including telephonic Swing Line Loan Notices) purportedly given by or on behalf
of the Borrower even if (i) such notices were not made in a manner specified herein, were incomplete or were not preceded or followed
by any other form of notice specified herein, or (ii) the terms thereof, as understood by the recipient, varied from any confirmation
thereof. The Borrower shall indemnify the Administrative Agent, the L/C Issuer, each Lender and the Related Parties of each of
them from all losses, costs, expenses and liabilities resulting from the reliance by such Person on each notice purportedly given
by or on behalf of the Borrower. All telephonic notices to and other telephonic communications with the Administrative Agent may
be recorded by the Administrative Agent, and each of the parties hereto hereby consents to such recording.

 

10.03.   
No Waiver; Cumulative Remedies. No failure by any Lender or the Administrative Agent to exercise, and
no delay by any such Person in exercising, any right, remedy, power or privilege hereunder shall operate as a waiver thereof;
nor shall any single or partial exercise of any 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.

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10.04.   
Attorney Costs, Expenses and Taxes. The Borrower agrees (a) to pay or reimburse the Administrative Agent
for all costs and expenses incurred in connection with the development, preparation, negotiation and execution of this Agreement
and the other Loan Documents and any amendment, waiver, consent or other modification of the provisions hereof and thereof (whether
or not the transactions contemplated hereby or thereby are consummated), and the consummation and administration of the transactions
contemplated hereby and thereby, including all Attorney Costs, and (b) to pay or reimburse the Administrative Agent and each Lender
for all reasonable out-of-pocket costs and expenses incurred in connection with the enforcement, attempted enforcement, or preservation
of any rights or remedies under this Agreement or the other Loan Documents (including all such costs and expenses incurred during
any “workout” or restructuring in respect of the Obligations and during any legal proceeding, including any proceeding
under any Debtor Relief Law), including all Attorney Costs. The foregoing costs and expenses shall include all search, filing,
recording, title insurance and appraisal charges and fees and taxes related thereto, and other out-of-pocket expenses incurred
by the Administrative Agent and the cost of independent public accountants and other outside experts retained by the Administrative
Agent or any Lender. All amounts due under this Section 10.04 shall be payable within ten Business Days after demand therefore.
The agreements in this Section shall survive the termination of the Aggregate Commitments and repayment of all other Obligations.

 

10.05.   
Indemnification; Damage Waiver.

 

(a)          Indemnification by the Borrower. Whether or not the transactions contemplated hereby are consummated, the Borrower
shall indemnify and hold harmless each Agent-Related Person, each Lender and their respective Affiliates, directors, officers,
employees, counsel, agents and attorneys-in-fact (collectively the “Indemnitees”) from and against any and
all liabilities, obligations, losses, damages, penalties, claims, demands, actions, judgments, suits, costs, expenses and disbursements
(including Attorney Costs) of any kind or nature whatsoever which may at any time be imposed on, incurred by or asserted against
any such Indemnitee in any way relating to or arising out of or in connection with (a) the execution, delivery, enforcement, performance
or administration of any Loan Document or any other agreement, letter or instrument delivered in connection with the transactions
contemplated thereby or the consummation of the transactions contemplated thereby, (b) any Commitment, Loan or Letter of Credit
or the use or proposed use of the proceeds therefrom (including any refusal by the L/C Issuer to honor a demand for payment under
a Letter of Credit if the documents presented in connection with such demand do not strictly comply with the terms of such Letter
of Credit), (c) any actual or alleged presence or release of Hazardous Substances on or from any property currently or formerly
owned or operated by the Borrower or any Subsidiary of the Borrower, or any Environmental Liability related in any way to the
Borrower or any Subsidiary of the Borrower, or (d) any actual or prospective claim, litigation, investigation or proceeding relating
to any of the foregoing, whether based on contract, tort or any other theory (including any investigation of, preparation for,
or defense of any pending or threatened claim, investigation, litigation or proceeding) and regardless of whether any Indemnitee
is a party thereto and regardless of whether brought by the Borrower or any third party (all the foregoing, collectively, the
 “Indemnified Liabilities”), in all cases, whether or not caused by or arising, in whole or in part, out of
the negligence of the Indemnitee; provided that such indemnity shall not, as to any Indemnitee, be available to the extent
that such liabilities, obligations, losses, damages, penalties, claims, demands, actions, judgments, suits, costs, expenses or
disbursements are determined by a court of competent jurisdiction by final and nonappealable judgment to have resulted from the
gross negligence or willful misconduct of such Indemnitee. No Indemnitee shall be liable for any damages arising from the use
by others of any information or other materials obtained through IntraLinks or other similar information transmission systems
in connection with this Agreement. All amounts due under this Section 10.05 shall be payable within ten Business Days after
demand therefore. The agreements in this Section shall survive the resignation of the Administrative Agent, the replacement of
any Lender, the termination of the Aggregate Commitments and the repayment, satisfaction or discharge of all the other Obligations.
Without limiting the provisions of Section 3.01(d), this Section shall not apply with respect to Taxes other than any Taxes
that represent liabilities, obligations, losses, etc. arising from any non-Tax claim.

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(b)          Waiver of Consequential Damages, Etc. To the fullest extent permitted by applicable law, the Borrower shall not
assert, and hereby waives, any claim against any Indemnitee, on any theory of liability, for special, indirect, consequential
or punitive damages (as opposed to direct or actual damages) arising out of, in connection with, or as a result of, this Agreement,
any other Loan Document or any agreement or instrument entered into or delivered pursuant hereto, the transactions contemplated
hereby or thereby, any Loan or Letter of Credit or the use of the proceeds thereof. No Indemnitee referred to in subsection
(a) above shall be liable for any damages arising from the use by unintended recipients of any information or other materials
distributed to such unintended recipients by such Indemnitee through telecommunications, electronic or other information transmission
systems in connection with this Agreement or the other Loan Documents or the transactions contemplated hereby or thereby other
than for direct or actual damages resulting from the gross negligence or willful misconduct of such Indemnitee as determined by
a final and nonappealable judgment of a court of competent jurisdiction.

 

10.06.   
Payments Set Aside. To the extent that any payment by or on behalf of the Borrower is made to the Administrative
Agent or any Lender, or the Administrative Agent or any Lender exercises its right of set-off, and such payment or the proceeds
of such set-off or any part thereof is subsequently invalidated, declared to be fraudulent or preferential, set aside or required
(including pursuant to any settlement entered into by the Administrative Agent or such Lender in its discretion) to be repaid
to a trustee, receiver or any other party, in connection with any proceeding under any Debtor Relief Law or otherwise, then (a)
to the extent of such recovery, the obligation or part thereof originally intended to be satisfied shall be revived and continued
in full force and effect as if such payment had not been made or such set-off had not occurred, and (b) each Lender severally
agrees to pay to the Administrative Agent upon demand its applicable share of any amount so recovered from or repaid by the Administrative
Agent, plus interest thereon from the date of such demand to the date such payment is made at a rate per annum equal to the Federal
Funds Open Rate from time to time in effect.

 

10.07.   
Successors and Assigns.

 

(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 the Administrative Agent and each Lender and no Lender may assign or otherwise
transfer any of its rights or obligations hereunder except (i) to an assignee in accordance with the provisions of subsection
(b) of this Section, (ii) by way of participation in accordance with the provisions of subsection (d) of this Section,
(iii) by way of pledge or assignment of a security interest subject to the restrictions of subsection (f) or (j)
of this Section, or (iv) to an SPC in accordance with the provisions of subsection (i) of this Section (and any other attempted
assignment or transfer by any party hereto shall be null and void). Nothing in this Agreement, expressed or implied, shall be
construed to confer upon any Person (other than the parties hereto, their respective successors and assigns permitted hereby,
Participants to the extent provided in subsection (d) of this Section and, to the extent expressly contemplated hereby,
the Indemnitees) any legal or equitable right, remedy or claim under or by reason of this Agreement.

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(b)          Any Lender may at any time assign to one or more assignees all or a portion of its rights and obligations under this Agreement
(including all or a portion of its Commitment and the Loans (including for purposes of this subsection (b), participations
in L/C Obligations and Swing Line Loans) at the time owing to it); provided that any such assignment shall be subject to
the following conditions:

 

(i)           Minimum Amounts.

 

(A)        in the case of an assignment of the entire remaining amount of the assigning Lender’s Commitment and the Loans at
the time owing to it or in the case of an assignment to a Lender, an Affiliate of a Lender or an Approved Fund (as defined in
subsection (h) of this Section), no minimum amount need be assigned, and

 

(B)         in any case not described in subsection (b)(i)(A) of this Section, the aggregate amount of the Commitment (which
for this purpose includes Loans outstanding thereunder) or, if the Commitment is not then in effect, the principal outstanding
balance of the Loans of the assigning Lender subject to each such assignment, determined as of the date the Assignment and Assumption
with respect to such assignment is delivered to the Administrative Agent or, if “Trade Date” is specified in the Assignment
and Assumption, as of the Trade Date, shall not be less than $5,000,000 unless each of the Administrative Agent, each L/C Issuer,
and, so long as no Default or Event of Default has occurred and is continuing, the Borrower otherwise consents (each such consent
not to be unreasonably withheld or delayed); provided, however, that concurrent assignments to members of an Assignee Group and
concurrent assignments from members of an Assignee Group to a single assignee (or to an assignee and members of its Assignee Group)
will be treated as a single assignment for purposes of determining whether such minimum amount has been met.

 

(ii)          Proportionate
Amounts. Each partial assignment shall be made as an assignment of a proportionate part of all the assigning Lender’s
rights and obligations under this Agreement with respect to the Loans or the Commitment assigned, except that this clause (ii)
shall not apply to the Swing Line Lender’s rights and obligations in respect of Swing Line Loans.

 

(iii)         Required
Consents. No consent shall be required for any assignment except to the extent required by subsection (b)(i)(B)
of this Section and, in addition:

 

(A)        the consent of the Borrower (such consent not to be unreasonably withheld or delayed) shall be required unless (1) an Event
of Default has occurred and is continuing at the time of such assignment or (2) such assignment is to a Lender, an Affiliate of
a Lender or an Approved Fund; provided that the Borrower shall be deemed to have consented to any such assignment unless it shall
object thereto by written notice to the Administrative Agent within ten (10) Business Days after having received written notice
thereof;

 

(B)         the consent of the Administrative Agent (such consent not to be unreasonably withheld or delayed) shall be required if
such assignment is to a Person that is not a Lender, an Affiliate of such Lender or an Approved Fund with respect to such Lender;

 

(C)         the consent of each L/C Issuer (such consent not to be unreasonably withheld or delayed) shall be required for any assignment
that increases the obligation of the assignee to participate in exposure under one or more Letters of Credit (whether or not then
outstanding); and

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(D)         the consent of the Swing Line Lender (such consent not to be unreasonably withheld or delayed) shall be required for any
assignment.

 

(iv)       
Assignment and Assumption. The parties to each assignment shall execute and deliver to the Administrative Agent
an Assignment and Assumption, together with a processing and recordation fee in the amount of $3,500; provided, however,
that the Administrative Agent may, in its sole discretion, elect to waive such processing and recordation fee in the case of any
assignment. The assignee, if it is not a Lender, shall deliver to the Administrative Agent an Administrative Questionnaire.

 

(v)         
No Assignment to Certain Persons. No such assignment shall be made (A) to the Borrower or any of the Borrower’s
Affiliates or Subsidiaries, or (B) to any Defaulting Lender or any of its Subsidiaries, or any Person who, upon becoming a Lender
hereunder, would constitute any of the foregoing Persons described in this clause B, or (C) to a natural Person.

 

(vi)        
Certain Additional Payments. In connection with any assignment of rights and obligations of any Defaulting Lender
hereunder, no such assignment shall be effective unless and until, in addition to the other conditions thereto set forth herein,
the parties to the assignment shall make such additional payments to the Administrative Agent in an aggregate amount sufficient,
upon distribution thereof as appropriate (which may be outright payment, purchases by the assignee of participations or subparticipations,
or other compensating actions, including funding, with the consent of the Borrower and the Administrative Agent, the applicable
pro rata share of Loans previously requested but not funded by the Defaulting Lender, to each of which the applicable assignee
and assignor hereby irrevocably consent), to (x) pay and satisfy in full all payment liabilities then owed by such Defaulting
Lender to the Administrative Agent, the L/C Issuer or any Lender hereunder (and interest accrued thereon) and (y) acquire (and
fund as appropriate) its full Pro Rata Share of all Loans and participations in Letters of Credit and Swing Line Loans in accordance
with its Pro Rata Share. Notwithstanding the foregoing, in the event that any assignment of rights and obligations of any Defaulting
Lender hereunder shall become effective under applicable Law without compliance with the provisions of this subsection, then the
assignee of such interest shall be deemed to be a Defaulting Lender for all purposes of this Agreement until such compliance occurs.

 

Subject
to acceptance and recording thereof by the Administrative Agent pursuant to subsection (c) of this Section, from and after
the effective date specified in each Assignment and Assumption, the assignee thereunder shall be a party to this Agreement and,
to the extent of the interest assigned by such Assignment and Assumption, have the rights and obligations of a Lender under this
Agreement, and the assigning Lender thereunder shall, to the extent of the interest assigned by such Assignment and Assumption,
be released from its obligations under this Agreement (and, in the case of an Assignment and Assumption covering all of the assigning
Lender’s rights and obligations under this Agreement, such Lender shall cease to be a party hereto) but shall continue to
be entitled to the benefits of Sections 3.01, 3.04, 3.05, 10.04 and 10.05 with respect to facts
and circumstances occurring prior to the effective date of such assignment; provided, that except to the extent otherwise expressly
agreed by the affected parties, no assignment by a Defaulting Lender will constitute a waiver or release of any claim of any party
hereunder arising from that Lender’s having been a Defaulting Lender. Upon request, the Borrower (at its expense) shall
execute and deliver a Note to the assignee Lender. Any assignment or transfer by a Lender of rights or obligations under this
Agreement that does not comply with this subsection shall be treated for purposes of this Agreement as a sale by such Lender of
a participation in such rights and obligations in accordance with subsection (d) of this Section.

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(c)          The
Administrative Agent, acting solely for this purpose as a non-fiduciary agent of the Borrower (and such agency being solely for
tax purposes), shall maintain at the Administrative Agent’s Office a copy of each Assignment and Assumption delivered to
it (or the equivalent thereof in electronic form) and a register for the recordation of the names and addresses of the Lenders,
and the Commitments of, and principal amounts (and stated interest) of the Loans and L/C Obligations owing to, each Lender pursuant
to the terms hereof from time to time (the “Register”). The entries in the Register shall be conclusive absent
manifest error, and the Borrower, the Administrative Agent and the Lenders shall treat each Person whose name is recorded in the
Register pursuant to the terms hereof as a Lender hereunder for all purposes of this Agreement. The Register shall be available
for inspection by the Borrower and any Lender, at any reasonable time and from time to time upon reasonable prior notice.

 

(d)          Any Lender may at any time, without the consent of, or notice to, the Borrower or the Administrative Agent, sell participations
to any Person (other than a natural Person or the Borrower or any of the Borrower’s Affiliates or Subsidiaries) (each, a
 “Participant”) in all or a portion of such Lender’s rights and/or obligations under this Agreement (including
all or a portion of its Commitment and/or the Loans (including for purposes of this subsection (d), participations in L/C
Obligations and/or Swing Line Loans) owing to it); provided that (i) such Lender’s obligations under this Agreement
shall remain unchanged, (ii) such Lender shall remain solely responsible to the other parties hereto for the performance
of such obligations and (iii) the Borrower, the Administrative Agent and the other Lenders shall continue to deal solely
and directly with such Lender in connection with such Lender’s rights and obligations under this Agreement. For the avoidance
of doubt, each Lender shall be responsible for the indemnity under Section 9.05 with respect to any payments made by such
Lender to its Participant(s).

 

Any agreement or instrument
pursuant to which a Lender sells such a participation shall provide that such Lender shall retain the sole right to enforce this
Agreement and to approve any amendment, modification or waiver of any provision of this Agreement; provided that such agreement
or instrument may provide that such Lender will not, without the consent of the Participant, agree to any amendment, waiver or
other modification described in the first proviso to Section 10.01 that directly affects such Participant. Subject to subsection
(e) of this Section, the Borrower agrees that each Participant shall be entitled to the benefits of Sections 3.01,
3.04 and 3.05, subject to the requirements and limitations in such Sections, including the requirements under Section
3.01(g) (it being understood that the documentation required under Section 3.01(g) shall be delivered to the Lender
who sells the participation) to the same extent as if it were a Lender and had acquired its interest by assignment pursuant to
subsection (b) of this Section; provided that such Participant agrees to be subject to the provisions of Section 10.16
as if it were an assignee under subsection (b) of this Section. To the extent permitted by law, each Participant also
shall be entitled to the benefits of Section 10.09 as though it were a Lender, provided such Participant agrees
to be subject to Section 2.13 as though it were a Lender. Each Lender that sells a participation shall, acting solely for
this purpose as a non-fiduciary agent of the Borrower, maintain a register on which it enters the name and address of each Participant
and the principal amounts (and stated interest) of each Participant’s interest in the Loans or other obligations under the
Loan Documents (the “Participant Register”); provided that no Lender shall have any obligation to disclose
all or any portion of the Participant Register (including the identity of any Participant or any information relating to a Participant’s
interest in any commitments, loans, letters of credit or its other obligations under any Loan Document) to any Person except to
the extent that such disclosure is necessary to establish that such commitment, loan, letter of credit or other obligation is
in registered form under Section 5f.103-1(c) of the United States Treasury Regulations. The entries in the Participant Register
shall be conclusive absent manifest error, and such Lender shall treat each Person whose name is recorded in the Participant Register
as the owner of such participation for all purposes of this Agreement notwithstanding any notice to the contrary. For the avoidance
of doubt, the Administrative Agent (in its capacity as Administrative Agent) shall have no responsibility for maintaining a Participant
Register.

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(e)          A Participant shall not be entitled to receive any greater payment under Section 3.01 or 3.03 than the applicable
Lender would have been entitled to receive with respect to the participation sold to such Participant, unless the sale of the
participation to such Participant is made with the Borrower’s prior written consent. A Participant that would be a Foreign
Lender if it were a Lender shall not be entitled to the benefits of Section 3.01 unless the Borrower is notified of the
participation sold to such Participant. Each Lender that sells a participation agrees, at the Borrower’s request and expense,
to use reasonable efforts to cooperate with the Borrower to effectuate the provisions of Section 10.16 with respect to
any Participant.

 

(f)           Any Lender may at any time pledge or assign a security interest in all or any portion of its rights under this Agreement
(including under its Note, if any) to secure obligations of such Lender, including any pledge or assignment to secure obligations
to a Federal Reserve Bank or other central bank; provided that no such pledge or assignment shall release such Lender from
any of its obligations hereunder or substitute any such pledgee or assignee for such Lender as a party hereto.

 

(g)          Electronic Execution of Assignments. The words “execution,” “signed,” “signature,”
and words of like import in any Assignment and Assumption shall be deemed to include electronic signatures or the keeping of records
in electronic form, each of which shall be of the same legal effect, validity or enforceability as a manually executed signature
or the use of a paper-based recordkeeping system, as the case may be, to the extent and as provided for in any applicable law,
including the Federal Electronic Signatures in Global and National Commerce Act, the New York State Electronic Signatures and
Records Act, or any other similar state laws based on the Uniform Electronic Transactions Act.

 

(h)          As used herein, the following terms have the following meanings:

 

“Eligible
Assignee” means any Person that meets the requirements to be an assignee under Section 10.07(b)(iii) and (b)(v)
(subject to such consents, if any, as may be required under Section 10.07(b)(iii)).

 

“Fund”
means any Person (other than a natural Person) that is (or will be) engaged in making, purchasing, holding or otherwise investing
in commercial loans and similar extensions of credit in the ordinary course of its business.

 

“Approved
Fund” means any Fund that is administered or managed by (a) a Lender, (b) an Affiliate of a Lender or (c) an entity
or an Affiliate of an entity that administers or manages a Lender.

 

(i)           Notwithstanding anything to the contrary contained herein, any Lender (a “Granting Lender”) may grant
to a special purpose funding vehicle identified as such in writing from time to time by the Granting Lender to the Administrative
Agent and the Borrower (an “SPC”) the option to provide all or any part of any Committed Loan that such Granting
Lender would otherwise be obligated to make pursuant to this Agreement; provided that (i) nothing herein shall constitute
a commitment by any SPC to fund any Committed Loan, and (ii) if an SPC elects not to exercise such option or otherwise fails to
make all or any part of such Committed Loan, the Granting Lender shall be obligated to make such Committed Loan pursuant to the
terms hereof. Each party hereto hereby agrees that (i) neither the grant to any SPC nor the exercise by any SPC of such option
shall increase the costs or expenses or otherwise increase or change the obligations of the Borrower under this Agreement (including
its obligations under Section 3.04), (ii) no SPC shall be liable for any indemnity or similar payment obligation under
this Agreement for which a Lender would be liable, and (iii) the Granting Lender shall for all purposes, including the approval
of any amendment, waiver or other modification of any provision of any Loan Document, remain the lender of record hereunder. The
making of a Committed Loan by an SPC hereunder shall utilize the Commitment of the Granting Lender to the same extent, and as
if, such Committed Loan were made by such Granting Lender. In furtherance of the foregoing, each party hereto hereby agrees (which
agreement shall survive the termination of this Agreement) that, prior to the date that is one year and one day after the payment
in full of all outstanding commercial paper or other senior debt of any SPC, it will not institute against, or join any other
Person in instituting against, such SPC any bankruptcy, reorganization, arrangement, insolvency, or liquidation proceeding under
the laws of the United States or any State thereof. Notwithstanding anything to the contrary contained herein, any SPC may (i)
with notice to, but without prior consent of the Borrower and the Administrative Agent and with payment of a processing fee of
$3,500 (which processing fee may be waived by the Administrative Agent in its sole discretion), assign all or any portion of its
right to receive payment with respect to any Committed Loan to the Granting Lender and (ii) disclose on a confidential basis any
non-public information relating to its funding of Committed Loans to any rating agency, commercial paper dealer or provider of
any surety or Guarantee or credit or liquidity enhancement to such SPC.

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(j)           Notwithstanding anything to the contrary contained herein, any Lender that is a Fund may create a security interest in
all or any portion of the Loans owing to it and the Note, if any, held by it to the trustee for holders of obligations owed, or
securities issued, by such Fund as security for such obligations or securities, provided that unless and until such trustee
actually becomes a Lender in compliance with the other provisions of this Section 10.07, (i) no such pledge shall release
the pledging Lender from any of its obligations under the Loan Documents and (ii) such trustee shall not be entitled to exercise
any of the rights of a Lender under the Loan Documents even though such trustee may have acquired ownership rights with respect
to the pledged interest through foreclosure or otherwise.

 

(k)          Notwithstanding anything to the contrary contained herein, if at any time PNC Bank assigns all of its Commitment and Loans
pursuant to subsection (b) above, PNC Bank may, (i) upon 30 days’ notice to the Borrower and the Lenders, resign
as L/C Issuer and/or (ii) upon 30 days’ notice to the Borrower, resign as Swing Line Lender (in the case of PNC Bank). In
the event of any such resignation as L/C Issuer or Swing Line Lender, the Borrower shall be entitled to appoint from among the
Lenders (only if such Lender accepts such appointment) a successor L/C Issuer or Swing Line Lender hereunder; provided, however,
that no failure by the Borrower to appoint any such successor shall affect the resignation of PNC Bank as L/C Issuer or Swing
Line Lender (in the case of PNC Bank), as the case may be. If PNC Bank resigns as L/C Issuer, it shall retain all the rights and
obligations of the L/C Issuer hereunder with respect to all Letters of Credit outstanding as of the effective date of its resignation
as L/C Issuer and all L/C Obligations with respect thereto (including the right to require the Lenders to make Base Rate Loans
or fund risk participations in Unreimbursed Amounts pursuant to Section 2.03(c)). If PNC Bank resigns as Swing Line Lender,
it shall retain all the rights of the Swing Line Lender provided for hereunder with respect to Swing Line Loans made by it and
outstanding as of the effective date of such resignation, including the right to require the Lenders to make Base Rate Committed
Loans or fund risk participations in outstanding Swing Line Loans pursuant to Section 2.04(c). Upon the appointment of
a successor L/C Issuer and/or Swing Line Lender, (a) such successor shall succeed to and become vested with all of the rights,
powers, privileges and duties of the retiring L/C Issuer or Swing Line Lender, as the case may be, and (b) the successor L/C Issuer
shall issue letters of credit in substitution for the Letters of Credit, if any, outstanding at the time of such succession or
make other arrangements satisfactory to PNC Bank to effectively assume the obligations of PNC Bank with respect to such Letters
of Credit.

 

10.08.   
Confidentiality. Each of the Administrative Agent and the Lenders agrees to maintain the confidentiality
of the Information (as defined below), except that Information may be disclosed (a) to its and its Affiliates’ directors,
officers, employees and agents, including accountants, legal counsel and other advisors (it being understood that the Persons
to whom such disclosure is made will be informed of the confidential nature of such Information and instructed to keep such Information
confidential); (b) to the extent requested by any regulatory authority; (c) to the extent required by applicable laws
or regulations or by any subpoena or similar legal process; (d) to any other party to this Agreement; (e) in connection with the
exercise of any remedies hereunder or any suit, action or proceeding relating to this Agreement or the enforcement of rights hereunder;
(f) subject to an agreement containing provisions substantially the same as those of this Section, to (i) any Eligible Assignee
of or Participant in, or any prospective Eligible Assignee of or Participant in, any of its rights or obligations under this Agreement
or (ii) any direct or indirect contractual counterparty or prospective counterparty (or such contractual counterparty’s
or prospective counterparty’s professional advisor) to any swap or derivative transaction relating to obligations of the
Borrower; (g) with the consent of the Borrower; (h) to the extent such Information (i) becomes publicly available other
than as a result of a breach of this Section or (ii) becomes available to the Administrative Agent or any Lender on a nonconfidential
basis from a source other than the Borrower; (i) to the National Association of Insurance Commissioners or any other similar organization;
or (j) to any credit insurance provider relating to the Borrower and its obligations. In addition, the Administrative Agent and
the Lenders may disclose the existence of this Agreement and information about this Agreement to market data collectors, similar
service providers to the lending industry, and service providers to the Administrative Agent and the Lenders in connection with
the administration and management of this Agreement, the other Loan Documents, the Commitments, and the Credit Extensions. For
purposes of this Section, “Information” means all information received from the Borrower or any Subsidiary
relating to the Borrower or any Subsidiary or any of their respective businesses, other than any such information that is available
to the Administrative Agent, any Lender or the L/C Issuer on a nonconfidential basis prior to disclosure by the Borrower or any
Subsidiary. Any Person required to maintain the confidentiality of Information as provided in this Section shall be considered
to have complied with its obligation to do so if such Person has exercised the same degree of care to maintain the confidentiality
of such Information as such Person would accord to its own confidential information.

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Each of the Administrative
Agent, the Lenders and the L/C Issuer acknowledges that (a) the Information may include material non-public information concerning
the Borrower or a Subsidiary, as the case may be, (b) it has developed compliance procedures regarding the use of material non-public
information and (c) it will handle such material non-public information in accordance with applicable Law, including Federal and
state securities Laws.

 

10.09.   
Set-off. In addition to any rights and remedies of the Lenders provided by law, upon the occurrence and
during the continuance of any Event of Default, each Lender is authorized at any time and from time to time, without prior notice
to the Borrower, any such notice being waived by the Borrower to the fullest extent permitted by law, to set off and apply any
and all deposits (general or special, time or demand, provisional or final) at any time held by, and other indebtedness at any
time owing by, such Lender to or for the credit or the account of the Borrower against any and all Obligations owing to such Lender
hereunder or under any other Loan Document, now or hereafter existing, irrespective of whether or not the Administrative Agent
or such Lender shall have made demand under this Agreement or any other Loan Document and although such Obligations may be contingent
or unmatured or denominated in a currency different from that of the applicable deposit or indebtedness. Each Lender agrees promptly
to notify the Borrower and the Administrative Agent after any such set-off and application made by such Lender; provided, however,
that the failure to give such notice shall not affect the validity of such set-off and application.

 

10.10.   
Interest Rate Limitation. Notwithstanding anything to the contrary contained in any Loan Document, the
interest paid or agreed to be paid under the Loan Documents shall not exceed the maximum rate of non-usurious interest permitted
by applicable Law (the “Maximum Rate”). If the Administrative Agent or any Lender shall receive interest in an amount
that exceeds the Maximum Rate, the excess interest shall be applied to the principal of the Loans or, if it exceeds such unpaid
principal, refunded to the Borrower. In determining whether the interest contracted for, charged, or received by the Administrative
Agent or a Lender exceeds the Maximum Rate, such Person may, to the extent permitted by applicable Law, (a) characterize any payment
that is not principal as an expense, fee, or premium rather than interest, (b) exclude voluntary prepayments and the effects thereof,
and (c) amortize, prorate, allocate, and spread in equal or unequal parts the total amount of interest throughout the contemplated
term of the Obligations hereunder.

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10.11.   
Counterparts. This Agreement may be executed in one or more counterparts, each of which shall be deemed
an original, but all of which together shall constitute one and the same instrument.

 

10.12.   
Integration. This Agreement, together with the other Loan Documents, comprises the complete and integrated
agreement of the parties on the subject matter hereof and thereof and supersedes all prior agreements, written or oral, on such
subject matter. In the event of any conflict between the provisions of this Agreement and those of any other Loan Document, the
provisions of this Agreement shall control; provided that the inclusion of supplemental rights or remedies in favor of the Administrative
Agent or the Lenders in any other Loan Document shall not be deemed a conflict with this Agreement. Each Loan Document was drafted
with the joint participation of the respective parties thereto and shall be construed neither against nor in favor of any party,
but rather in accordance with the fair meaning thereof.

 

10.13.   
Survival of Representations and Warranties. All representations and warranties made hereunder and in
any other Loan Document or other document delivered pursuant hereto or thereto or in connection herewith or therewith shall survive
the execution and delivery hereof and thereof. Such representations and warranties have been or will be relied upon by the Administrative
Agent and each Lender, regardless of any investigation made by the Administrative Agent or any Lender or on their behalf and notwithstanding
that the Administrative Agent or any Lender may have had notice or knowledge of any Default at the time of any Credit Extension,
and shall continue in full force and effect as long as any Loan or any other Obligation hereunder shall remain unpaid or unsatisfied
or any Letter of Credit shall remain outstanding.

 

10.14.   
Severability. If any provision of this Agreement or the other Loan Documents is held to be illegal, invalid
or unenforceable, (a) the legality, validity and enforceability of the remaining provisions of this Agreement and the other Loan
Documents shall not be affected or impaired thereby and (b) the parties shall endeavor in good faith negotiations to replace the
illegal, invalid or unenforceable provisions with valid provisions the economic effect of which comes as close as possible to
that of the illegal, invalid or unenforceable provisions. The invalidity of a provision in a particular jurisdiction shall not
invalidate or render unenforceable such provision in any other jurisdiction.

 

10.15.   
Acknowledgement and Consent to Bail-In of Affected Financial Institutions. Notwithstanding anything
to the contrary in any Loan Document or in any other agreement, arrangement or understanding among any such parties, each party
hereto acknowledges that any liability of any Affected Financial Institution arising under any Loan Document, to the extent such
liability is unsecured, may be subject to the write-down and conversion powers of the applicable Resolution Authority and agrees
and consents to, and acknowledges and agrees to be bound by:

 

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

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

 

		(iii)	the variation of the terms
                                         of such liability in connection with the exercise of the write-down and conversion powers
                                         of the applicable Resolution Authority.

 

10.16.   
Mitigation Obligations; Replacement of Lenders.

 

(a)          Designation of a Different Lending Office. If any Lender requests compensation under Section 3.04, or the
Borrower is required to pay any Indemnified Taxes or additional amounts to any Lender or any Governmental Authority for the account
of any Lender pursuant to Section  3.01, then such Lender shall (at the request of the Borrower) use reasonable efforts
to designate a different lending office for funding or booking its Loans hereunder or to assign its rights and obligations hereunder
to another of its offices, branches or affiliates, if, in the judgment of such Lender, such designation or assignment (i) would
eliminate or reduce amounts payable pursuant to Section 3.04 or 3.01, as the case may be, in the future, and
(ii) would not subject such Lender to any unreimbursed cost or expense and would not otherwise be materially disadvantageous
to such Lender. The Borrower hereby agrees to pay all reasonable costs and expenses incurred by any Lender in connection with
any such designation or assignment.

 

(b)          Replacement of Lenders. If any Lender requests compensation under Section 3.04, or if the Borrower is required
to pay any Indemnified Taxes or additional amounts to any Lender or any Governmental Authority for the account of any Lender pursuant
to Section 3.01, or if any Lender is a Defaulting Lender, a Declining Lender or a Non-Consenting Lender or if any
other circumstance exists hereunder that gives the Borrower the right to replace a Lender as a party hereto, then the Borrower
may, at its sole expense and effort, upon notice to such Lender and the Administrative Agent, require such Lender to assign and
delegate, without recourse (in accordance with and subject to the restrictions contained in, and consents required by, Section 10.07),
all of its interests, rights (other than its existing rights to payments pursuant to Section 3.04 or Section 3.01)
and obligations under this Agreement and the related Loan Documents to an Eligible Assignee that shall assume such obligations
(which assignee may be another Lender, if a Lender accepts such assignment), provided that:

 

(i)       the
Borrower shall have paid to the Administrative Agent the assignment fee (if any) specified in Section 10.07(b);

 

(ii)      such
Lender shall have received payment of an amount equal to the outstanding principal of its Loans and participations in L/C Advances,
accrued interest thereon, accrued fees and all other amounts payable to it hereunder and under the other Loan Documents (including
any amounts under Section 3.05) from the assignee (to the extent of such outstanding principal and accrued interest and
fees) or the Borrower (in the case of all other amounts);

 

(iii)     in
the case of any such assignment resulting from a claim for compensation under Section 3.04 or payments required to be made
pursuant to Section 3.01, such assignment will result in a reduction in such compensation or payments thereafter;

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(iv)    such
assignment does not conflict with applicable Laws;

 

(v)      in
the case of any assignment resulting from a Lender becoming a Non-Consenting Lender, the applicable assignee shall have consented
to the applicable amendment, waiver or consent; and

 

(vi)     In
the event that such Lender is a L/C Issuer and any one or more Letters of Credit issued by such L/C Issuer under this Agreement
remain outstanding, the Borrower shall Cash Collateralize such Letters of Credit upon terms reasonably satisfactory to such L/C
Issuer to secure the Borrower’s obligations to reimburse for drawings under such Letters of Credit or make other arrangements
reasonably satisfactory to such L/C Issuer with respect to such Letters of Credit including providing other credit support.

 

A Lender shall not
be required to make any such assignment or delegation if, prior thereto, as a result of a waiver by such Lender or otherwise,
the circumstances entitling the Borrower to require such assignment and delegation cease to apply.

 

10.17.   
Governing Law.

 

(a)          THIS AGREEMENT SHALL BE GOVERNED BY, AND CONSTRUED IN ACCORDANCE WITH, the LAW
OF THE STATE OF NEW YORK; PROVIDED THAT THE ADMINISTRATIVE Agent AND
EACH LENDER SHALL RETAIN ALL RIGHTS ARISING UNDER FEDERAL LAW.

 

(b)          ANY LEGAL ACTION OR PROCEEDING WITH RESPECT TO THIS AGREEMENT OR ANY OTHER LOAN DOCUMENT MAY BE BROUGHT IN THE COURTS OF
THE STATE OF NEW YORK SITTING IN THE BOROUGH OF MANHATTAN OR OF THE UNITED STATES FOR THE SOUTHERN DISTRICT OF NEW YORK, AND BY
EXECUTION AND DELIVERY OF THIS AGREEMENT, THE BORROWER, THE ADMINISTRATIVE Agent
AND EACH LENDER CONSENTS, FOR ITSELF AND IN RESPECT OF ITS PROPERTY, TO THE NON-EXCLUSIVE JURISDICTION OF THOSE COURTS. THE BORROWER,
THE ADMINISTRATIVE Agent AND EACH LENDER IRREVOCABLY WAIVES ANY OBJECTION, INCLUDING
ANY OBJECTION TO THE LAYING OF VENUE OR BASED ON THE GROUNDS OF FORUM NON CONVENIENS, WHICH IT MAY NOW OR HEREAFTER HAVE
TO THE BRINGING OF ANY ACTION OR PROCEEDING IN SUCH JURISDICTION IN RESPECT OF ANY LOAN DOCUMENT OR OTHER DOCUMENT RELATED THERETO.
THE BORROWER, THE ADMINISTRATIVE Agent AND EACH LENDER WAIVES PERSONAL SERVICE
OF ANY SUMMONS, COMPLAINT OR OTHER PROCESS, WHICH MAY BE MADE BY ANY OTHER MEANS PERMITTED BY THE LAW OF SUCH STATE.

 

10.18.   
No Advisory or Fiduciary Responsibility. In connection with all aspects of each transaction contemplated
hereby, the Borrower acknowledges and agrees that: (i) the credit facility provided for hereunder and any related arranging or
other services in connection therewith (including in connection with any amendment, waiver or other modification hereof or of
any other Loan Document) are an arm’s-length commercial transaction between the Borrower and its Affiliates, on the one
hand, and the Administrative Agent, the Lenders and the Arrangers, on the other hand, and the Borrower is capable of evaluating
and understanding and understands and accepts the terms, risks and conditions of the transactions contemplated hereby and by the
other Loan Documents (including any amendment, waiver or other modification hereof or thereof); (ii) in connection with the process
leading to such transaction, the Administrative Agent, the Lenders and the Arrangers, each is and has been acting solely as a
principal and is not the financial advisor, agent or fiduciary, for the Borrower or any of its Affiliates, stockholders, creditors
or employees or any other Person; (iii) none of the Administrative Agent, any Lender or any Arranger has assumed or will assume
an advisory, agency or fiduciary responsibility in favor of the Borrower with respect to any of the transactions contemplated
hereby or the process leading thereto, including with respect to any amendment, waiver or other modification hereof or of any
other Loan Document (irrespective of whether the Administrative Agent or any Lender or Arranger has advised or is currently advising
the Borrower or any of its Affiliates on other matters) and none of the Administrative Agent, any Lender or any Arranger has any
obligation to the Borrower or any of its Affiliates with respect to the transactions contemplated hereby except those obligations
expressly set forth herein and in the other Loan Documents; (iv) the Administrative Agent, the Lenders, the Arrangers and their
respective Affiliates may be engaged in a broad range of transactions that involve interests that differ from those of the Borrower
and its Affiliates, and none of the Administrative Agent, any Lender or any Arranger has any obligation to disclose any of such
interests by virtue of any advisory, agency or fiduciary relationship; and (v) the Administrative Agent, the Lenders and the Arranger(s)
have not provided and will not provide any legal, accounting, regulatory or tax advice with respect to any of the transactions
contemplated hereby (including any amendment, waiver or other modification hereof or of any other Loan Document) and the Borrower
has consulted its own legal, accounting, regulatory and tax advisors to the extent it has deemed appropriate. The Borrower hereby
waives and releases, to the fullest extent permitted by law, any claims that it may have against the Administrative Agent, the
Lenders and the Arrangers with respect to any breach or alleged breach of agency or fiduciary duty.

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10.19.   
Waiver of Right to Trial by Jury. EACH PARTY TO THIS AGREEMENT HEREBY EXPRESSLY WAIVES ANY RIGHT TO TRIAL
BY JURY OF ANY CLAIM, DEMAND, ACTION OR CAUSE OF ACTION ARISING UNDER ANY LOAN DOCUMENT OR IN ANY WAY CONNECTED WITH OR RELATED
OR INCIDENTAL TO THE DEALINGS OF THE PARTIES HERETO OR ANY OF THEM WITH RESPECT TO ANY LOAN DOCUMENT, OR THE TRANSACTIONS RELATED
THERETO, IN EACH CASE WHETHER NOW EXISTING OR HEREAFTER ARISING, AND WHETHER FOUNDED IN CONTRACT OR TORT OR OTHERWISE; AND EACH
PARTY HEREBY AGREES AND CONSENTS THAT ANY SUCH CLAIM, DEMAND, ACTION OR CAUSE OF ACTION SHALL BE DECIDED BY COURT TRIAL WITHOUT
A JURY, AND THAT ANY PARTY TO THIS AGREEMENT MAY FILE AN ORIGINAL COUNTERPART OR A COPY OF THIS SECTION WITH ANY COURT AS WRITTEN
EVIDENCE OF THE CONSENT OF THE SIGNATORIES HERETO TO THE WAIVER OF THEIR RIGHT TO TRIAL BY JURY.

 

10.20.   
USA PATRIOT Act Notice. Each Lender that is subject to the Act (as hereinafter defined) and the Administrative
Agent (for itself and not on behalf of any Lender) hereby notifies the Borrower that pursuant to the requirements of the USA Patriot
Act (Title III of Pub. L. 107-56 (signed into law October 26, 2001)) (the “Act”), it is required to obtain, verify
and record information that identifies the Borrower, which information includes the name and address of each Borrower and other
information that will allow such Lender or the Administrative Agent, as applicable, to identify such Borrower in accordance with
the Act. To help the government fight the funding of terrorism and money laundering activities, Federal law requires all financial
institutions to obtain, verify and record information that identifies each Borrower that opens an account. What this means: when
the Borrower opens an account, the Bank will ask for the business name, business address, taxpayer identifying number and other
information that will allow the Bank to identify the Borrower, such as organizational documents. For some businesses and organizations,
the Bank may also need to ask for identifying information and documentation relating to certain individuals associated with the
business or organization.

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10.21.   
Amendment and Restatement. On the Closing Date, the Existing Credit Agreement shall be amended, restated
and superseded in its entirety by this Agreement, and pursuant to the terms of the Master Assignment and this Agreement all commitments
of the “Lenders” under the Existing Credit Agreement shall be automatically replaced by the commitments of the Lenders
hereunder, to the extent set forth herein. From and after the Closing Date, all references to the “Credit Agreement”
contained in any Loan Document shall be deemed to refer to this Agreement. On the Closing Date, the Borrower shall pay all amounts
then due and payable under the Existing Credit Agreement (which payment may be made from the proceeds of the initial Credit Extension
hereunder). Each Lender agrees that the amount payable to it pursuant to Section 3.05 of the Existing Credit Agreement in
connection with any such payments made under the Existing Credit Agreement on the Closing Date is zero.

 

10.22.   
Acknowledgement Regarding Any Supported QFCs. To the extent that the Loan Documents provide support,
through a guarantee or otherwise, for any Swap Contract or any other agreement or instrument that is a QFC (such support, “QFC
Credit Support”, and each such QFC, a “Supported QFC”), the parties acknowledge and agree as follows
with respect to the resolution power of the Federal Deposit Insurance Corporation under the Federal Deposit Insurance Act and
Title II of the Dodd-Frank Wall Street Reform and Consumer Protection Act (together with the regulations promulgated thereunder,
the “U.S. Special Resolution Regimes”) in respect of such Supported QFC and QFC Credit Support (with the provisions
below applicable notwithstanding that the Loan Documents and any Supported QFC may in fact be stated to be governed by the laws
of the State of New York and/or of the United States or any other state of the United States):

 

(a)          In the event a Covered Entity that is party to a Supported QFC (each, a “Covered Party”) becomes subject
to a proceeding under a U.S. Special Resolution Regime, the transfer of such Supported QFC and the benefit of such QFC Credit
Support (and any interest and obligation in or under such Supported QFC and such QFC Credit Support, and any rights in property
securing such Supported QFC or such QFC Credit Support) from such Covered Party will be effective to the same extent as the transfer
would be effective under the U.S. Special Resolution Regime if the Supported QFC and such QFC Credit Support (and any such interest,
obligation and rights in property) were governed by the laws of the United States or a state of the United States. In the event
a Covered Party or a BHC Act Affiliate of a Covered Party becomes subject to a proceeding under a U.S. Special Resolution Regime,
Default Rights under the Loan Documents that might otherwise apply to such Supported QFC or any QFC Credit Support that may be
exercised against such Covered Party are permitted to be exercised to no greater extent than such Default Rights could be exercised
under the U.S. Special Resolution Regime if the Supported QFC and the Loan Documents were governed by the laws of the United States
or a state of the United States. Without limitation of the foregoing, it is understood and agreed that rights and remedies of
the parties with respect to a Defaulting Lender shall in no event affect the rights of any Covered Party with respect to a Supported
QFC or any QFC Credit Support.

 

(b)          As used in this Section 10.22, the following terms have the following meanings:

 

“BHC
Act Affiliate” of a party means an “affiliate” (as such term is defined under, and interpreted in accordance
with, 12 U.S.C. 1841(k)) of such party.

 

“Covered
Entity” means any of the following: (a) a “covered entity” as that term is defined in, and interpreted in
accordance with, 12 C.F.R. §252.82(b); (b) a “covered bank” as that term is defined in, and interpreted in accordance
with, 12 C.F.R. §47.3(b); or (c) a “covered FSI” as that term is defined in, and interpreted in accordance with,
12 C.F.R. §382.2(b).

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“Default
Right” has the meaning assigned to that term in, and shall be interpreted in accordance with, 12 C.F.R. §§252.81,
47.2 or 382.1, as applicable.

 

“QFC”
has the meaning assigned to the term “qualified financial contract” in, and shall be interpreted in accordance with,
12 U.S.C. 5390(c)(8)(D).

 

10.23.   
ENTIRE AGREEMENT. This Agreement and the other Loan Documents
represent the final agreement AMONG the parties and may not be contradicted by evidence of prior, contemporaneous, or subsequent
oral agreements of the parties. There are no unwritten oral agreements AMONG the parties.

    97

     

    

Schedule
2.01

 

COMMITMENTS AND PRO RATA SHARES

	 

  

	Lender 
	 	Commitment 
 As
                                         of the 
 First
                                         Amendment 

Effective Date 
	 	 	Percentage	 
	PNC Bank, National Association	 	$	210,750,000.00	 	 	 	8.430000000	%
	Wells Fargo Bank, National Association	 	$	195,000,000.00	 	 	 	7.800000000	%
	Bank of America, N.A.	 	$	195,000,000.00	 	 	 	7.800000000	%
	Barclays Bank PLC	 	$	195,000,000.00	 	 	 	7.800000000	%
	Citibank, N.A.	 	$	195,000,000.00	 	 	 	7.800000000	%
	JPMorgan Chase Bank, N.A.	 	$	195,000,000.00	 	 	 	7.800000000	%
	MUFG Bank, Ltd.	 	$	195,000,000.00	 	 	 	7.800000000	%
	Royal Bank of Canada	 	$	195,000,000.00	 	 	 	7.800000000	%
	Credit Suisse AG, New York Branch	 	$	135,750,000.00	 	 	 	5.430000000	%
	The Bank of Nova Scotia, Houston Branch	 	$	135,750,000.00	 	 	 	5.430000000	%
	Toronto Dominion Bank, New York Branch	 	$	135,750,000.00	 	 	 	5.430000000	%
	U.S. Bank National Association	 	$	135,750,000.00	 	 	 	5.430000000	%
	Mizuho Bank, Ltd.	 	$	135,750,000.00	 	 	 	5.430000000	%
	Sumitomo Mitsui Banking Corporation	 	$	85,500,000.00	 	 	 	3.420000000	%
	The Bank of New York Mellon	 	$	55,000,000.00	 	 	 	2.200000000	%
	Citizens Bank, N.A.	 	$	55,000,000.00	 	 	 	2.200000000	%
	First National Bank of Pennsylvania	 	$	50,000,000.00	 	 	 	2.000000000	%
	Total
    Commitments	 	$	2,500,000,000.00	 	 	 	100.000000000	%

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