Document:

EX-10.2

 Exhibit 10.2 

EXECUTION COPY 
  

 
  

CREDIT AGREEMENT 
 dated
as of September 29, 2017, 
 among 

PENN VIRGINIA HOLDING CORP., 

as Borrower, 
 PENN
VIRGINIA CORPORATION, 
 as Holdings, 

JEFFERIES FINANCE LLC, 

as Administrative Agent, Collateral Agent and Sole Lead Arranger, 

and 
 THE LENDERS NAMED
HEREIN 
 as Lenders 

$200,000,000 
  

 
  

 TABLE OF CONTENTS 
  

							
	 	 	 	  	PAGE	 
	 Article I DEFINITIONS AND ACCOUNTING TERMS
	  	 	1	 
			
	 Section 1.01
	 	 Certain Defined Terms
	  	 	1	 
	 Section 1.02
	 	 Computation of Time Periods
	  	 	38	 
	 Section 1.03
	 	 Accounting Terms; Changes in GAAP
	  	 	38	 
	 Section 1.04
	 	 Types of Advances
	  	 	39	 
	 Section 1.05
	 	 UCC Terms
	  	 	39	 
	 Section 1.06
	 	 Rounding
	  	 	39	 
	 Section 1.07
	 	 Guarantees
	  	 	39	 
	 Section 1.08
	 	 Miscellaneous
	  	 	39	 
		
	 Article II TERM LOAN
	  	 	40	 
			
	 Section 2.01
	 	 Commitment for Advances
	  	 	40	 
	 Section 2.02
	 	 Method of Borrowing
	  	 	41	 
	 Section 2.03
	 	 Termination of the Commitments
	  	 	43	 
	 Section 2.04
	 	 Prepayment of Advances
	  	 	43	 
	 Section 2.05
	 	 Payment of Applicable Premium
	  	 	45	 
	 Section 2.06
	 	 Repayment of Advances
	  	 	46	 
	 Section 2.07
	 	 Fees
	  	 	46	 
	 Section 2.08
	 	 Interest
	  	 	46	 
	 Section 2.09
	 	 Illegality
	  	 	47	 
	 Section 2.10
	 	 Breakage Costs
	  	 	47	 
	 Section 2.11
	 	 Increased Costs
	  	 	48	 
	 Section 2.12
	 	 Payments and Computations
	  	 	49	 
	 Section 2.13
	 	 Taxes
	  	 	51	 
	 Section 2.14
	 	 Mitigation Obligations; Replacement of Lenders
	  	 	55	 
	 Section 2.15
	 	 Defaulting Lender
	  	 	57	 
		
	 Article III CONDITIONS
	  	 	58	 
			
	 Section 3.01
	 	 Conditions to Closing and Advance
	  	 	58	 
		
	 Article IV REPRESENTATIONS AND WARRANTIES
	  	 	61	 
			
	 Section 4.01
	 	 Existence; Subsidiaries
	  	 	61	 
	 Section 4.02
	 	 Power; No Conflicts
	  	 	61	 
	 Section 4.03
	 	 Authorization and Approvals
	  	 	62	 
	 Section 4.04
	 	 Enforceable Obligations
	  	 	62	 
	 Section 4.05
	 	 Financial Condition and Financial Statements
	  	 	63	 

							
	 Section 4.06
	 	 True and Complete Disclosure
	  	 	63	 
	 Section 4.07
	 	 Litigation; Compliance with Laws
	  	 	64	 
	 Section 4.08
	 	 Use of Proceeds
	  	 	64	 
	 Section 4.09
	 	 Investment Company Act
	  	 	64	 
	 Section 4.10
	 	 Taxes
	  	 	65	 
	 Section 4.11
	 	 ERISA and Employee Matters
	  	 	65	 
	 Section 4.12
	 	 Condition and Maintenance of Property; Casualties
	  	 	65	 
	 Section 4.13
	 	 Compliance with Agreements; No Defaults
	  	 	66	 
	 Section 4.14
	 	 Environmental Condition
	  	 	66	 
	 Section 4.15
	 	 Permits, Licenses, Etc
	  	 	67	 
	 Section 4.16
	 	 Gas Imbalances, Prepayments
	  	 	67	 
	 Section 4.17
	 	 Marketing of Production
	  	 	67	 
	 Section 4.18
	 	 Restriction on Liens
	  	 	67	 
	 Section 4.19
	 	 Solvency
	  	 	68	 
	 Section 4.20
	 	 Hedging Agreements
	  	 	68	 
	 Section 4.21
	 	 Insurance
	  	 	68	 
	 Section 4.22
	 	 Anti-Corruption Laws; Sanctions; Patriot Act
	  	 	68	 
	 Section 4.23
	 	 Oil and Gas Properties
	  	 	68	 
	 Section 4.24
	 	 Line of Business; Foreign Operations
	  	 	70	 
	 Section 4.25
	 	 Fiscal Year
	  	 	70	 
	 Section 4.26
	 	 Location of Business and Offices
	  	 	70	 
	 Section 4.27
	 	 Intellectual Property
	  	 	70	 
	 Section 4.28
	 	 Senior Debt Status
	  	 	70	 
	 Section 4.29
	 	 Security Instruments
	  	 	70	 
		
	 Article V AFFIRMATIVE COVENANTS
	  	 	71	 
			
	 Section 5.01
	 	 Compliance with Laws, Etc
	  	 	71	 
	 Section 5.02
	 	 Maintenance of Insurance
	  	 	71	 
	 Section 5.03
	 	 Preservation of Corporate Existence, Etc
	  	 	72	 
	 Section 5.04
	 	 Payment of Taxes, Etc
	  	 	72	 
	 Section 5.05
	 	 Visitation Rights; Periodic Meetings
	  	 	72	 
	 Section 5.06
	 	 Reporting Requirements
	  	 	73	 
	 Section 5.07
	 	 Maintenance of Property
	  	 	78	 
	 Section 5.08
	 	 Collateral Matters; Guaranties
	  	 	78	 
	 Section 5.09
	 	 Use of Proceeds
	  	 	79	 
	 Section 5.10
	 	 Title Evidence and Opinions
	  	 	79	 
	 Section 5.11
	 	 Further Assurances; Cure of Title Defects
	  	 	80	 
	 Section 5.12
	 	 Operation and Maintenance of Oil and Gas Properties
	  	 	80	 
	 Section 5.13
	 	 Anti-Corruption Laws; Sanctions
	  	 	81	 
	 Section 5.14
	 	 Environmental Matters
	  	 	82	 
	 Section 5.15
	 	 ERISA Compliance
	  	 	82	 
	 Section 5.16
	 	 Designation of Restricted and Unrestricted Subsidiaries
	  	 	82	 
	 Section 5.17
	 	 Post-Closing Obligations
	  	 	83	 

  
 ii 

							
	 Article VI NEGATIVE COVENANTS
	  	 	84	 
			
	 Section 6.01
	 	 Liens, Etc
	  	 	84	 
	 Section 6.02
	 	 Indebtedness, Guarantees, and Other Obligations
	  	 	87	 
	 Section 6.03
	 	 Agreements Restricting Liens and Distributions
	  	 	88	 
	 Section 6.04
	 	 Merger or Consolidation; Asset Sales
	  	 	89	 
	 Section 6.05
	 	 Restricted Payments
	  	 	90	 
	 Section 6.06
	 	 Investments
	  	 	91	 
	 Section 6.07
	 	 Acquisitions
	  	 	92	 
	 Section 6.08
	 	 Affiliate Transactions
	  	 	92	 
	 Section 6.09
	 	 Compliance with ERISA
	  	 	93	 
	 Section 6.10
	 	
Sale-and-Leaseback
	  	 	94	 
	 Section 6.11
	 	 Change of Business; Foreign Operations or Subsidiaries
	  	 	94	 
	 Section 6.12
	 	 Name Change
	  	 	94	 
	 Section 6.13
	 	 Use of Proceeds
	  	 	94	 
	 Section 6.14
	 	 Gas Imbalances,
Take-or-Pay or Other Prepayments
	  	 	95	 
	 Section 6.15
	 	 Hedging Limitations
	  	 	95	 
	 Section 6.16
	 	 Fiscal Year; Fiscal Quarter
	  	 	95	 
	 Section 6.17
	 	 Limitation on Operating Leases
	  	 	95	 
	 Section 6.18
	 	 Prepayment of Certain Debt and Other Obligations; Amendment to First Lien Debt
	  	 	95	 
	 Section 6.19
	 	 Passive Holding Company
	  	 	97	 
	 Section 6.20
	 	 Environmental Matters
	  	 	97	 
	 Section 6.21
	 	 Marketing Activities
	  	 	98	 
	 Section 6.22
	 	 Sale or Discount of Receivables
	  	 	98	 
	 Section 6.23
	 	 Deposit Accounts; Securities Accounts
	  	 	98	 
		
	 Article VII EVENTS OF DEFAULT; REMEDIES
	  	 	99	 
			
	 Section 7.01
	 	 Events of Default
	  	 	99	 
	 Section 7.02
	 	 Remedies upon Default
	  	 	101	 
	 Section 7.03
	 	 Payment of Applicable Premium
	  	 	102	 
	 Section 7.04
	 	 Right of Set-off
	  	 	102	 
	 Section 7.05
	 	 Non-exclusivity of Remedies
	  	 	103	 
	 Section 7.06
	 	 Application of Proceeds
	  	 	103	 
		
	 Article VIII THE ADMINISTRATIVE AGENT AND THE COLLATERAL AGENT
	  	 	104	 
			
	 Section 8.01
	 	 Appointment and Authority
	  	 	104	 
	 Section 8.02
	 	 Rights as a Lender
	  	 	105	 
	 Section 8.03
	 	 Exculpatory Provisions
	  	 	105	 
	 Section 8.04
	 	 Reliance by Administrative Agent and the Collateral Agent
	  	 	106	 
	 Section 8.05
	 	 Delegation of Duties
	  	 	107	 
	 Section 8.06
	 	 Resignation of the Administrative Agent or the Collateral Agent
	  	 	107	 
	 Section 8.07
	 	 Non-Reliance on Administrative Agent and Other
Lenders
	  	 	108	 

  
 iii 

							
	 Section 8.08
	 	 No Other Duties, etc
	  	 	109	 
	 Section 8.09
	 	 Indemnification
	  	 	109	 
	 Section 8.10
	 	 Administrative Agent May File Proofs of Claim
	  	 	110	 
	 Section 8.11
	 	 Collateral and Guaranty Matters
	  	 	110	 
	 Section 8.12
	 	 Credit Bidding
	  	 	112	 
		
	 Article IX MISCELLANEOUS
	  	 	113	 
			
	 Section 9.01
	 	 Costs and Expenses
	  	 	113	 
	 Section 9.02
	 	 Indemnification; Waiver of Damages
	  	 	113	 
	 Section 9.03
	 	 Waivers and Amendments
	  	 	115	 
	 Section 9.04
	 	 Severability
	  	 	116	 
	 Section 9.05
	 	 Survival of Representations and Obligations
	  	 	116	 
	 Section 9.06
	 	 Binding Effect
	  	 	117	 
	 Section 9.07
	 	 Successors and Assigns
	  	 	117	 
	 Section 9.08
	 	 Confidentiality
	  	 	121	 
	 Section 9.09
	 	 Notices, Etc
	  	 	123	 
	 Section 9.10
	 	 USURY NOT INTENDED
	  	 	124	 
	 Section 9.11
	 	 Usury Recapture
	  	 	125	 
	 Section 9.12
	 	 Payments Set Aside
	  	 	125	 
	 Section 9.13
	 	 Performance of Duties
	  	 	126	 
	 Section 9.14
	 	 All Powers Coupled with Interest
	  	 	126	 
	 Section 9.15
	 	 Governing Law
	  	 	126	 
	 Section 9.16
	 	 Submission to Jurisdiction; Service of Process
	  	 	126	 
	 Section 9.17
	 	 Waiver of Venue
	  	 	127	 
	 Section 9.18
	 	 Execution in Counterparts; Electronic Execution
	  	 	127	 
	 Section 9.19
	 	 Independent Effect of Covenants
	  	 	127	 
	 Section 9.20
	 	 USA Patriot Act
	  	 	127	 
	 Section 9.21
	 	 Flood Insurance Regulations
	  	 	128	 
	 Section 9.22
	 	 NON-RELIANCE
	  	 	128	 
	 Section 9.23
	 	 WAIVER OF JURY TRIAL
	  	 	128	 
	 Section 9.24
	 	 Reversal of Payments
	  	 	128	 
	 Section 9.25
	 	 Injunctive Relief
	  	 	129	 
	 Section 9.26
	 	 No Advisory or Fiduciary Responsibility
	  	 	129	 
	 Section 9.27
	 	 Inconsistencies with Other Documents
	  	 	130	 
	 Section 9.28
	 	 Acknowledgement and Consent to Bail-In of EEA Financial
Institutions
	  	 	130	 
	 Section 9.29
	 	 ORAL AGREEMENTS
	  	 	131	 
	 Section 9.30
	 	 Intercreditor Matters
	  	 	131	 

  
 iv 

 CREDIT AGREEMENT 

This Credit Agreement dated as of September 29, 2017, is among Penn Virginia Holding Corp., a Delaware corporation
(“Borrower”), Penn Virginia Corporation, a Virginia corporation (“Holdings”), the lenders party hereto from time to time (the “Lenders”), and Jefferies Finance LLC, as administrative agent (in such
capacity, the “Administrative Agent”) and collateral agent (in such capacity, the “Collateral Agent”) for such Lenders. 

The parties hereto hereby agree as follows: 

ARTICLE I 
 DEFINITIONS
AND ACCOUNTING TERMS 
 Section 1.01    Certain Defined Terms. As used in this Agreement, the terms
defined above shall have the meanings set forth therein and the following terms shall have the following meanings (unless otherwise indicated, such meanings to be equally applicable to both the singular and plural forms of the terms defined): 

“Acceptable Accountant” means (a) Deloitte Touche Tohamtsu, (b) Ernst & Young, (c) KPMG, (d)
PricewaterhouseCoopers, (e) Grant Thornton LLP and (f) such other independent certified public accountants reasonably acceptable to the Administrative Agent. 

“Acceptable Security Interest” in any Property means a Lien which (a) exists in favor of the Collateral Agent for the
benefit of the Secured Parties, (b) is superior in priority to all Liens or rights of any other Person in the Property encumbered thereby, other than Permitted Prior Liens, (c) secures the Obligations, (d) is enforceable, except as
such enforceability may be limited by any applicable Debtor Relief Laws, and (e) other than as to Excluded Perfection Collateral, is perfected. 

“Account Control Agreement” shall mean, as to any Deposit Account or security account of any Loan Party held with a bank or
other financial institution, an agreement or agreements in form and substance reasonably acceptable to the Collateral Agent, among the Loan Party owning such Deposit Account or security account, as applicable, the Collateral Agent, and such other
bank or financial institution governing such Deposit Account or security account, as applicable. 
 “Acquisition” means any
transaction, or any series of related transactions, consummated after the date of this Agreement, by which any Loan Party or any of its Restricted Subsidiaries (a) acquires any going business or all or substantially all of the assets of any
Person, or division thereof, whether through purchase of assets, merger or otherwise or (b) directly or indirectly acquires (in one transaction or as the most recent transaction in a series of transactions) at least a majority (by percentage or
voting power) of, or a Control Percentage of, the Voting Securities of a Person. 
 “Adjusted Reference Rate” means, for
any day, the fluctuating rate per annum of interest equal to the greatest of (a) the Reference Rate in effect on such day, (b) the Federal Funds Rate in effect on such day plus  1⁄2 of 1% and (c) the Eurodollar Rate for a one-month period plus 1.00%; provided, that in no event shall the Adjusted Reference Rate be less than 0.00%.
Any 

  
 1 

 
change in the Adjusted Reference Rate due to a change in the Reference Rate, Eurodollar Rate or Federal Funds Rate shall be effective on the effective date of such change in the Reference Rate,
Eurodollar Rate or Federal Funds Rate. 
 “Administrative Agent” means Jefferies Finance LLC, in its capacity as
administrative agent pursuant to Article VIII until its resignation or removal, and any successor administrative agent appointed pursuant to Section 8.06. 

“Administrative Questionnaire” means an administrative questionnaire in a form supplied by the Administrative Agent or such
other form provided by a Lender and acceptable to the Administrative Agent. 
 “Advance” means an advance by a Lender to
the Borrower pursuant to Section 2.01(a) as part of a Borrowing and refers to a Reference Rate Advance or a Eurodollar Rate Advance. 

“Advance Payment Contract” means (a) any production payment (whether volumetric or dollar denominated) granted or sold
by any Person payable from a specified share of proceeds received from production from specified Oil and Gas Properties, together with all undertakings and obligations in connection therewith, or (b) any contract whereby any Person receives or
becomes entitled to receive (either directly or indirectly) any payment (an “Advance Payment”) as consideration for (i) Hydrocarbons produced or to be produced from Oil and Gas Properties owned by such Person or Affiliate of
such Person in advance of the delivery of such Hydrocarbons (and regardless of whether such Hydrocarbons are actually produced or actual delivery is required) to or for the account of the purchaser thereof or (ii) a right or option to receive
such Hydrocarbons (or a cash payment in lieu of such Hydrocarbons); provided that inclusion of customary and standard “take or pay” provisions in any gas sales or purchase contract or any other similar contract shall not, in and of
itself, cause such gas sales or purchase contract to constitute an Advance Payment Contract for the purposes of this definition. 

“Affiliate” means, as to any Person, any other Person that, directly or indirectly, through one or more intermediaries,
controls, is controlled by, or is under common control with, such Person or any Subsidiary of such Person. The term “control” (including the terms “controlled by” or “under common control with”) means the possession,
directly or indirectly, of the power to direct or cause the direction of the management and policies of a Person, whether through ownership of a Control Percentage, by contract, or otherwise. For purposes of this Agreement and the other Loan
Documents, Jefferies LLC and its Affiliates shall be deemed to be Affiliates of Jefferies Finance LLC and its Affiliates. 

“Affiliate Transaction” has the meaning specified in Section 6.08. 

“Agent Parties” has the meaning set forth in Section 9.09(c)(ii) hereof. 

“Agreement” means this Credit Agreement, as the same may be further amended, supplemented, restated, and otherwise modified
from time to time. 
 “Annual Reporting Package” has the meaning set forth in Section 5.06(a) hereof. 

  
 2 

 “Anti-Corruption Laws” means all laws, rules, and regulations of any
jurisdiction applicable to Holdings, the Borrower or any Subsidiary from time to time concerning or relating to bribery or corruption, including, without limitation, the United States Foreign Corrupt Practices Act of 1977, as amended, and the rules
and regulations thereunder. 
 “Applicable Margin” means with respect to any Advance, a rate per annum equal to
(a) for Eurodollar Rate Advances, 7.00% and (b) for Reference Rate Advances, 6.00%. 
 “Applicable Premium” has
the meaning set forth in Section 2.05 hereof. 
 “Approved Fund” means any Fund that is administered, managed, advised
or sub-advised by (a) a Lender, (b) an Affiliate of a Lender or (c) an entity or an Affiliate of an entity that administers, manages, advises or
sub-advises a Lender. 
 “ASC” means FASB Accounting Standards Codification. 

“Asset Sale Prepayment” has the meaning specified in Section 2.04(b)(i). 

“Asset Sale Proceeds Prepayment Date” has the meaning specified in Section 2.04(b)(i). 

“Assignment and Acceptance” means an assignment and acceptance entered into by a Lender and an Eligible Assignee, and
accepted by the Administrative Agent, in substantially the form of the attached Exhibit A. 
 “Attributable
Indebtedness” means, on any date of determination, (a) in respect of any Capital Lease Obligation of any Person, the capitalized amount thereof that would appear on a balance sheet of such Person prepared as of such date in accordance
with GAAP, and (b) in respect of any Synthetic Lease, the capitalized amount or principal amount of the remaining lease payments under the relevant lease that would appear on a balance sheet of such Person prepared as of such date in accordance
with GAAP if such lease were accounted for as a Capital Lease Obligation. 
 “Availability” means, at any time, an amount
equal to the excess of (a) the lesser of (i) the Borrowing Base (if any) in effect at such time under the First Lien Credit Agreement and (ii) the aggregate “Commitments” (as defined in the First Lien Credit Agreement) in
effect at such time of all First Lien Lenders under the First Lien Credit Agreement, minus (b) the sum of (i) the aggregate principal amount of all “Advances” (as defined in the First Lien Credit Agreement) outstanding on such
date, plus (ii) the aggregate amount available to be drawn under all outstanding letters of credit issued under and pursuant to the First Lien Credit Agreement on such date (including all unreimbursed disbursements under any such letters of
credit). 
 “Bail-In Action” means the exercise of any Write-Down and Conversion
Powers by the applicable EEA Resolution Authority in respect of any liability of an EEA Financial Institution. 
 “Bail-In Legislation” means, with respect to any EEA Member Country implementing Article 55 of Directive 2014/59/EU of the European Parliament and of the Council of the European Union, the implementing law
for such EEA Member Country from time to time which is described in the EU Bail-In Legislation Schedule. 

  
 3 

 “Bankruptcy Code” means United States Code, 11 U.S.C. §§
101–1532. 
 “Bona Fide Debt Fund” means any fund or investment vehicle that is primarily engaged in the making,
purchasing, holding or otherwise investing in commercial loans, bonds and other similar extensions of credit in the ordinary course. 

“Borrower” has the meaning set forth in the introductory paragraph hereof. 

“Borrowing” means a borrowing consisting of Advances made on the same day by the Lenders pursuant to Section 2.01(a).

 “Borrowing Base” means the “Borrowing Base” under and as defined in the First Lien Credit Agreement from time
to time, or such Credit Facility that refinances or replaces the First Lien Credit Agreement. 
 “Borrowing Base
Deficiency” means “Borrowing Base Deficiency” under and as defined in the First Lien Credit Agreement from time to time. 

“Business Day” means a day (a) other than a Saturday, Sunday, or other day on which commercial banks are authorized to
close under the laws of, or are in fact closed in, New York or Texas, and (b) if the applicable Business Day relates to any Eurodollar Rate Advances, on which dealings are carried on by commercial banks in the London interbank market. 

“Capital Lease” means any lease of (or other arrangement conveying the right to use) real or personal property, or a
combination thereof, which obligations are required to be classified and accounted for as capital leases on a balance sheet of such Person under GAAP. 

“Capital Lease Obligations” of any Person means the obligations of such Person to pay rent or other amounts under any Capital
Lease, and the amount of such obligations shall be the capitalized amount thereof determined in accordance with GAAP. 
 “Cash
Collateral Account” means “Cash Collateral Account” under and as defined in the First Lien Credit Agreement from time to time. 

“Casualty Event” means the damage, destruction or condemnation, including by process of eminent domain or any Disposition of
property in lieu of condemnation, as the case may be, of property of any Person or any of its Restricted Subsidiaries. 

“CERCLA” means the Comprehensive Environmental Response, Compensation, and Liability Act of 1980, as amended, state and local
analogs, and all rules and regulations and requirements thereunder in each case as now or hereafter in effect. 

  
 4 

 “Certificated Equipment” means any equipment (including, but not limited to,
vehicles) the ownership of which is evidenced by, or under applicable Legal Requirement, is required to be evidenced by, a certificate of title. 

“Change in Control” means: 

(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) (other than the
holders of the Equity Interests of Holdings as of the Closing Date) 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 equity interests that such “person” or “group” has the right to acquire, whether such
right is exercisable immediately or only after the passage of time (such right, an “option right”)), directly or indirectly, of more than 50% of the Equity Interests of Holdings entitled to vote in the election of members of the board of
directors (or equivalent governing body) of Holdings; 
 (b)    a majority of the members of the board of directors (or
other equivalent governing body) of Holdings shall not constitute Continuing Directors; 
 (c)    there shall have
occurred under any indenture or other instrument evidencing any Indebtedness or Equity Interests in excess of $5,000,000 any “change in control” or similar provision (as set forth in the indenture, agreement or other evidence of
such Indebtedness) obligating Holdings or any of its Restricted Subsidiaries to repurchase, redeem or repay all or any part of the Indebtedness or Equity Interests provided for therein; 

(d)    Holdings ceasing to own directly or indirectly 100% of the Borrower; or 

(e)    a Change in Control (as defined in the First Lien Credit Agreement) shall be deemed to have occurred under the
First Lien Credit Agreement.  
 “Change in Control Declaration” has
the meaning specified in Section 2.04(b)(ii). 
 “Change in Control Offer” has the meaning specified in
Section 2.04(b)(ii). 
 “Change in Control Payment Date” has the meaning specified in Section 2.04(b)(ii). 

“Change in Control Response Date” has the meaning specified in Section 2.04(b)(ii). 

“Change in Law” means the occurrence, after the date of this Agreement, of any of the following: (a) the adoption or
taking effect of any law, rule, regulation or treaty, (b) any change in any law, rule, regulation or treaty or in the administration, interpretation, 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, (i) the Dodd-Frank Wall Street Reform and
Consumer Protection Act and all requests, rules, guidelines or directives 

  
 5 

 
thereunder or issued in connection therewith and (ii) 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. 
 “Closing Date” means the date on which the conditions specified in Section 3.01 are satisfied
(or waived in accordance with Section 9.03). 
 “Code” means the Internal Revenue Code of 1986, as amended, and any
successor statute. 
 “Collateral” means all “Collateral,” “Pledged Collateral” and “Mortgaged
Properties” (as defined in each of the Mortgages and the Security Agreement, as applicable) or similar terms used in the Security Instruments; provided that, notwithstanding anything to the contrary in the Loan Documents, Collateral shall in no
event include any Excluded Tax Collateral. 
 “Collateral Agent” means Jefferies Finance LLC, in its capacity as collateral
agent pursuant to Article VIII until its resignation or removal, and any successor collateral agent appointed pursuant to Section 8.06. 

“Commercial Lenders” means commercial banks engaged in oil and gas reserve-based lending as part of their respective
businesses. 
 “Commitment” means, with respect to each Lender, its obligation to make an Advance to the Borrower
hereunder, expressed as an amount representing the maximum principal amount of the Advance to be made by such Lender hereunder, as such commitment may be modified from time to time pursuant to Section 2.03 or Article VII or otherwise under this
Agreement, including pursuant to assignments by or to such Lender pursuant to Section 9.07(b). The amount of each Lender’s Commitment on the Closing Date (before giving effect to the Borrowing on the Closing Date) is set forth opposite
such Lender’s name on Annex I. 
 “Commitment Letter” means that certain Commitment Letter dated July 29,
2017, among the Administrative Agent and the Borrower. 
 “Commodity Exchange Act” means the Commodity Exchange Act (7
U.S.C. § 1 et seq.), as amended from time to time, and any successor statute or any rule, regulation or order of the Commodity Futures Trading Commission (or the application or official interpretation of any thereof). 

“Connection Income Taxes” means Other Connection Taxes that are imposed on or measured by net income (however denominated) or
that are franchise Taxes or branch profits Taxes. 
 “Consolidated Net Income” means, for any period, the net income (or
loss) of Holdings and its Restricted Subsidiaries for such period, determined on a consolidated basis, without duplication, in accordance with GAAP; provided, that in calculating Consolidated Net Income of

  
 6 

 
Holdings and its Restricted Subsidiaries for any period, there shall be excluded (a) the net income (or loss) of any Person (other than a Subsidiary which shall be subject to clause
(c) below), in which Holdings or any of its Restricted Subsidiaries has a joint interest with a third party, except to the extent such net income is actually paid in cash to Holdings or any of its Restricted Subsidiaries by dividend or other
distribution during such period, (b) the net income (or loss) of any Person accrued prior to the date it becomes a Restricted Subsidiary of Holdings or any of its Restricted Subsidiaries or is merged into or consolidated with Holdings or any of
its Restricted Subsidiaries or that Person’s assets are acquired by Holdings or any of its Restricted Subsidiaries except to the extent included pursuant to the foregoing clause (a), (c) the net income (if positive), of any Restricted
Subsidiary to the extent that the declaration or payment of dividends or similar distributions by such Restricted Subsidiary to Holdings or any of its Restricted Subsidiaries of such net income (i) is not at the time permitted by operation of
the terms of its charter or any agreement, instrument, judgment, decree, order, statute, rule or governmental regulation applicable to such Restricted Subsidiary or (ii) would be subject to any taxes payable on such dividends or distributions,
but in each case only to the extent of such prohibition or taxes, (d) any gain or loss from any Disposition of Property during such period, and (e) realized gains (or losses) on Hedge Contracts resulting from unscheduled unwinds,
settlements or terminations of such Hedge Contracts. Further provided that the increase to Consolidated Net Income as a result of net income paid to Holdings or any of its Restricted Subsidiaries as described in clause (a) above shall
not exceed 15% of Consolidated Net Income (after giving effect to such addition) for such period. 
 “Continuing Directors”
means the board of directors (or equivalent governing body) of Holdings on the Closing Date and each other director (or equivalent) of Holdings, if, in each case, such other Person’s nomination for election to the board of directors (or
equivalent governing body) of Holdings is approved by at least 51% of the then Continuing Directors. 
 “Contracts” means
all contracts, agreements, operating agreements, farm-out or farm-in agreements, sharing agreements, mineral purchase agreements, contracts for the purchase, exchange,
transportation, processing or sale of Hydrocarbons, rights-of-way, easements, surface leases, equipment leases, permits, franchises, licenses, pooling or unitization
agreements, and unit or pooling designations and orders now or hereafter affecting any of the Oil and Gas Properties, Operating Equipment, Fixture Operating Equipment, or Hydrocarbons now or hereafter covered hereby, or which are useful or
appropriate in drilling for, producing, treating, handling, storing, transporting or marketing oil, gas or other minerals produced from any of the Oil and Gas Properties, and all as such contracts and agreements as they may be amended, restated,
modified, substituted or supplemented from time-to-time. 

“Control Percentage” means, with respect to any Person, the percentage of the outstanding Voting Securities (including any
options, warrants or similar rights to purchase such Voting Securities) of such Person having ordinary voting power which gives the direct or indirect holder of such Voting Securities the power to elect a majority of the board of directors (or other
applicable governing body) of such Person. 
 “Convert,” “Converting,” “Conversion,”
“Converted” and “Conversion” each refers to a conversion of Advances of one Type into Advances of another Type pursuant to Section 2.02(b). 

  
 7 

 “Credit Facility” means any oil and gas reserve-based revolving credit facility
which (a) provides for advances of revolving loans only, without separate tranches of Indebtedness for borrowed money (other than swing line advances or letters of credit issued thereunder), and does not permit or provide for any non-pro rata repayments of the outstanding principal amount of Indebtedness with proceeds of Collateral (other than repayments of swing line advances and the cash collateralization of letters of credit thereunder),
(b) the majority of the commitments under which at all times prior to the occurrence of an “event of default” thereunder (as such terms are defined therein) are held by Commercial Lenders, and (c) does not provide for any make-whole,
prepayment premium or similar payments, in each case, as amended, modified, supplemented or restated, replaced, refunded or refinanced in whole from time to time, (provided that, unless an “event of default” thereunder has occurred, after
giving effect to such restatement, replacement, refund or refinancing, the majority of the commitments continue to be held by Commercial Lenders), including by or pursuant to any agreement or instrument that extends the maturity of any Indebtedness
thereunder, or increases the amount of available borrowings thereunder.  

“Current Ratio” means, as of any date of determination, the ratio of (a) consolidated current assets of Holdings
(including the unused amount of the Commitments, unless a Default exists, but excluding non-cash assets under ASC 815 and excluding Cash Collateral) to (b) consolidated current liabilities of Holdings
(excluding (i) non-cash obligations under ASC 815, (ii) current maturities in respect of the Obligations, and (iii) non-cash liabilities recorded in connection
with stock-based or similar incentive based compensation awards or arrangements). 
 “Debtor Relief Laws” means the
Bankruptcy Code of the United States of America, 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. 
 “Default” means (a) an Event of
Default or (b) any event or condition which with notice or lapse of time or both would become an Event of Default. 
 “Default
Rate” means a per annum rate equal to (a) in the case of principal of any Advance, 2.00% plus the rate otherwise applicable to such Advance as provided in Sections 2.08(a) or (b), and (b) in the case of any other
Obligation, 2.00% plus the non-default rate applicable to Reference Rate Advances as provided in Section 2.08(a). 

“Defaulting Lender” means, subject to Section 2.15(b), any Lender that (a) has failed to (i) fund its Pro Rata
Share of any Advance required to be funded by it hereunder within two Business Days of the date required to be funded by it hereunder unless such Lender notifies the Administrative Agent and the Borrower in writing that such failure is the result of
such Lender’s good faith determination that one or more conditions precedent to funding (each of which conditions precedent, together with any applicable default, shall be specifically identified in such writing) has not been satisfied, or
(ii) pay to the Administrative Agent or any other Lender any other amount required to be paid by it hereunder within three Business Days of the date when due, (b) has notified the Borrower or the Administrative Agent in writing that it
does not intend to comply with its funding obligations hereunder, or has made a public statement to that effect (unless such writing or public statement relates to such Lender’s obligation to fund an Advance

  
 8 

 
hereunder and states that such position is based on such Lender’s good faith determination that a condition precedent to funding (which condition precedent, together with any applicable
default, shall be specifically identified in such writing or public statement) cannot be satisfied), (c) has failed, within three Business Days after written request by the Administrative Agent or the Borrower, to confirm in writing to the
Administrative Agent and the Borrower that it will comply with its prospective funding obligations hereunder (provided that such Lender shall cease to be a Defaulting Lender pursuant to this clause (c) upon receipt of such written
confirmation by the Administrative Agent and the Borrower in form and substance reasonably satisfactory to the Administrative Agent and the Borrower), or (d) has, or has a direct or indirect parent company that has, (i) become the subject
of a proceeding under any Debtor Relief Law, (ii) had appointed for it a receiver, custodian, conservator, trustee, administrator, or assignee for the benefit of creditors or similar Person charged with reorganization or liquidation of its
business or assets, including the Federal Deposit Insurance Corporation or any other state or federal regulatory authority acting in such a capacity, or (iii) become the subject of a Bail-In Action;
provided that a Lender shall not be a Defaulting Lender solely by virtue of the ownership or acquisition of any Equity Interest in that Lender or any direct or indirect parent company thereof by a Governmental Authority so long as such
ownership interest does not result in or provide such Lender with immunity from the jurisdiction of courts within the United States or from the enforcement of judgments or writs of attachment on its assets or permit such Lender (or such Governmental
Authority) to reject, repudiate, disavow or disaffirm any contracts or agreements made with such Lender. Any determination by the Administrative Agent that a Lender is a Defaulting Lender under any one or more of clauses (a) through (d) above
shall be conclusive and binding absent manifest error, and such Lender shall be deemed to be a Defaulting Lender (subject to Section 2.15(b)) upon delivery of written notice of such determination to the Borrower and each Lender. 

“Deposit Account” shall have the meaning given to the term in the Uniform Commercial Code (or any successor statute), as
adopted and in force in the State of New York or, when the laws of any other state govern the method or manner of the perfection or enforcement of any Lien in any of the Collateral, the Uniform Commercial Code (or any successor statute) of such
other state. 
 “Disposition,” “Dispose” or “Disposed” means any sale, lease, transfer,
assignment, farm-out, conveyance, release, abandonment, or other disposition of any Property (including the grant or transfer of any working interest, overriding royalty interest, production payments, net
profits interest, royalty interest, or mineral fee interest), including any Casualty Event and the issuance of Equity Interests in any of the Restricted Subsidiaries or the sale of Equity Interests in any of Holdings’ Subsidiaries other than
statutory or directors qualifying shares. 
 “Disqualified Equity Interests” means any Equity Interests that, by their
terms (or by the terms of any security or other Equity Interest into which they are convertible or for which they are exchangeable) or upon the happening of any event or condition, (a) mature or are mandatorily redeemable (other than solely for
Qualified Equity Interests), pursuant to a sinking fund obligation or otherwise (except as a result of a change of control or asset sale so long as any rights of the holders thereof upon the occurrence of a change of control or asset sale event
shall be subject to the prior repayment in full of the Advances and all other Obligations that are 

  
 9 

 
accrued and payable and the termination of the Commitments), (b) are redeemable at the option of the holder thereof (other than solely for Qualified Equity Interests) (except as a result of a
change of control or asset sale so long as any rights of the holders thereof upon the occurrence of a change of control or asset sale event shall be subject to the prior repayment in full of the Advances and all other Obligations that are accrued
and payable and the termination of the Commitments), in whole or in part, (c) provide for the scheduled payment of dividends in cash or other Property or (d) are or become convertible into or exchangeable for Indebtedness or any other
Equity Interests that would constitute Disqualified Equity Interests, in each case, prior to the date that is 180 days after the Maturity Date; provided that if such Equity Interests is issued pursuant to a plan for the benefit of Holdings or
its Restricted Subsidiaries or by any such plan to such employees, such Equity Interests shall not constitute Disqualified Equity Interests solely because they may be required to be repurchased by Holding or its Restricted Subsidiaries in order to
satisfy applicable statutory or regulatory obligations. 
 “Disqualified Lenders” means (i) those Persons identified
by the Borrower (or one of its Affiliates) to the Administrative Agent in writing on or prior to July 29, 2017 (and such Persons’ Affiliates clearly identifiable as such solely on the basis of their names), (ii) competitors (and such
competitors’ sponsors and Affiliates identified in writing or clearly identifiable as such solely on the basis of their names, other than a sponsor or Affiliate that is a Bona Fide Debt Fund) of the Borrower separately identified by the
Borrower to the Administrative Agent in writing from time to time and (iii) any Affiliate of any competitor described in clause (ii) that is identified by the Borrower to the Administrative Agent in writing from time to time or reasonably
identifiable solely by name as an Affiliate of such Person, other than an Affiliate of such Person that is a Bona Fide Debt Fund; provided that no updates to the Disqualified Lender list shall be deemed to retroactively disqualify any parties
that have previously acquired an assignment or participation in respect of the Advances from continuing to hold or vote such previously acquired assignments and participations on the terms set forth herein for Lenders that are not Disqualified
Lenders. Any supplement to the list of Disqualified Lenders pursuant to clause (ii) or (iii) above shall be made by the Borrower to the Administrative Agent in writing (including by email) and such supplement shall take effect the same Business
Day such notice is received by the Administrative Agent. The list of Disqualified Lenders shall be made available to any Lender upon request to the Administrative Agent. 

“Dollars” and “$” means lawful money of the United States of America. 

“Domestic Subsidiary” means each Subsidiary of the Borrower that is organized under the laws of the United States or any
state thereof, or the District of Columbia. 
 “EBITDAX” means, for any period, without duplication, the amount equal to:

 (a)    Consolidated Net Income for such period; plus 

(b)    the sum of the following, to the extent deducted in determining Consolidated Net Income for such period,
(i) Interest Expense, (ii) income and franchise Taxes, (iii) depreciation, amortization, depletion, exploration expenses, and other non-cash charges and
non-cash losses for such period, including any provision for the reduction in the carrying value of assets recorded 

  
 10 

 
in accordance with GAAP and non-cash charges resulting from the requirements of ASC 410, 718 and 815 (except, in any event, to the extent that such non-cash charges are reserved for cash charges to be taken in the future), and including losses from Dispositions (other than Dispositions of Hydrocarbons in the ordinary course of business), and (iv) unusual
and non-recurring losses reasonably acceptable to the Administrative Agent; minus 

(c)    all non-cash gains and non-cash
items which were included in determining such Consolidated Net Income (including non-cash income resulting from the requirements of ASC 410, 718 and 815); minus 

(d)    unusual and non-recurring gains which were included in determining such
Consolidated Net Income; 
 provided that, such EBITDAX shall be determined on a Pro Forma Basis. 

“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; 

“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” means any Person that meets the requirements to be an assignee under Section 9.07(b)(iii), (v) and
(vi) (subject to such consents, if any, as may be required under Section 9.07(b)(iii)). 
 “Employee Benefit Plan”
means any employee benefit plan within the meaning of Section 3(3) of ERISA that is (currently or hereafter), or within the prior seven (7) years was, maintained or contributed to by any Loan Party or any current or former ERISA Affiliate.

 “Engineering Report” means either an Independent Engineering Report or an Internal Engineering Report. 

“Engineering Report Volumes” means, as of any date of determination, the anticipated volume of production of oil, gas or
natural gas reserves, as applicable, from the Oil and Gas Properties of the Loan Parties as reflected in the Engineering Report most recently delivered pursuant to Section 5.06(d) prior to such date of determination. 

“Environment” or “Environmental” means ambient air, indoor air, surface water and groundwater (including
potable water, navigable water and wetlands), the land surface or subsurface strata, natural resources, the workplace or as otherwise defined in any Environmental Law. 

  
 11 

 “Environmental Claims” means any and all administrative, regulatory or judicial
actions, suits, demands, demand letters, orders, claims, liens, notices of noncompliance or violation, investigations or proceedings arising as a result of any actual or alleged violation of or liability under any Environmental Law or relating to
any Permit issued, or any approval given, under any such Environmental Law, including, without limitation, any and all claims by Governmental Authorities for enforcement, cleanup, removal, response, remedial or other actions or damages,
contribution, indemnification, cost recovery, compensation or injunctive relief resulting from, related to or arising out of the presence, Release or threatened Release of Hazardous Materials or alleged injury or threat of injury to public health,
safety or the Environment. 
 “Environmental Law” means any Legal Requirement relating to (a) the protection of human
health and safety from environmental hazards or exposure to Hazardous Materials, (b) the protection, conservation, management or use of the Environment, natural resources and wildlife, (c) the protection or use of surface water and
groundwater, (d) the management, manufacture, processing, possession, distribution, presence, use, generation, transportation, treatment, storage, disposal, Release, threatened Release, abatement, removal, remediation or handling of, or
exposure to, any Hazardous Material, or (e) the prevention of pollution and includes, without limitation, the following federal statutes and the regulations promulgated thereunder: CERCLA, the Clean Air Act, 42 U.S.C. § 7401 et seq., the
Clean Water Act, 33 U.S.C. § 1251 et seq., the Resource Conservation and Recovery Act, 42 U.S.C. § 6901 et seq., the Emergency Planning and Community
Right-to-Know Act, 42 U.S.C. § 11001 et seq., the Toxic Substances Control Act, 15 U.S.C. § 2601 et seq., the Safe Drinking Water Act, 42 U.S.C. § 300f et
seq., the Occupational Safety and Health Act, 29 U.S.C. § 651 et seq., the Hazardous Materials Transportation Act, 49 U.S.C. § 5101 et seq., the Endangered Species Act, 16 U.S.C. § 1531 et seq., and any state or local laws and
regulations similar thereto, as each of the foregoing has been amended. 
 “Environmental Permit” means any permit,
license, order, approval, registration or other authorization required by or from a Governmental Authority under Environmental Law. 

“Equity Interest” means with respect to any Person, any shares, interests, participation, or other equivalents (however
designated) of corporate stock, membership interests or partnership interests (or any other ownership interests) of such Person. 

“Equity Issuance” means any issuance by Holdings of shares of its Equity Interests (other than Disqualified Stock and other
than to any Subsidiary of Holdings). 
 “ERISA” means the Employee Retirement Income Security Act of 1974, and the rules
and regulations thereunder. 
 “ERISA Affiliate” means any trade or business (whether or not incorporated) who together
with any Loan Party or any of its Restricted Subsidiaries is treated as a single employer within the meaning of Section 414(b), (c), (m) or (o) of the Code or Section 4001(b) of ERISA. 

  
 12 

 “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. 

“Eurocurrency Liabilities” has the meaning assigned to that term in Regulation D of the Federal Reserve Board (or any
successor), as in effect from time to time. 
 “Eurodollar Base Rate” means the rate per annum (rounded upward to the
nearest whole multiple of 1/100th of 1.00%) equal to the interest rate per annum set forth on the Reuters Screen LIBOR01 or LIBOR02 page (or any replacement page) as the London Interbank Offered Rate as administered by ICE Benchmark Administration
(or any other authority that takes over the administration of such rate), for deposits in Dollars at 11:00 a.m. (London, England time) two Business Days before the first day of the applicable Interest Period, as the rate for Dollar deposits with a
maturity comparable to such Interest Period; provided that, if such quotation is not available for any reason, the Eurodollar Base Rate shall then be the rate determined by the Administrative Agent to be the rate at which deposits in Dollars
for delivery on the first day of such Interest Period in immediately available funds in the approximate amount of the Advances being made, continued or Converted by the Lenders and with a term equivalent to such Interest Period would be offered by
the London branch of a Lender chosen by the Administrative Agent to major banks in the London or other offshore inter-bank market for Dollars at their request at approximately 11:00 a.m. (London time) two Business Days prior to the commencement of
such Interest Period; provided further that, if the Eurodollar Base Rate determined pursuant to the foregoing provisions would otherwise be less than 1.00% per annum, then “Eurodollar Base Rate” shall be deemed to be 1.00%
per annum. 
 “Eurodollar Rate” means a rate per annum determined by the Administrative Agent (which determination shall be
conclusive in the absence of manifest error) pursuant to the following formula: 
  

					
		 	Eurodollar Rate   =	 	
                      Eurodollar Base
Rate             
 1.00 – Eurodollar Rate Reserve Percentage

 “Eurodollar Rate Advance” means an Advance which bears interest as provided in
Section 2.08(b). 
 “Eurodollar Rate Reserve Percentage” means, as of any day, the reserve percentage (expressed as a
decimal, carried out to five decimal places) in effect on such day, whether or not applicable to any Lender, under regulations issued from time to time by the Federal Reserve Board for determining the maximum reserve requirement (including any
emergency, supplemental or other marginal reserve requirement) with respect to liabilities or assets consisting of or including Eurocurrency Liabilities. The Eurodollar Rate for each outstanding Advance shall be adjusted automatically as of the
effective date of any change in the Eurodollar Rate Reserve Percentage. 
 “Event of Default” has the meaning specified in
Section 7.01. 

  
 13 

 “Exchange Offer” means a registered offer to exchange outstanding senior
unsecured notes for new senior unsecured notes (the “exchange notes”) having terms substantially identical in all material respects to such outstanding senior unsecured notes (except that the exchange notes shall not contain any
transfer restrictions). 
 “Excluded Funds” means cash and cash equivalents held in any of the following accounts:
(a) accounts designated solely for payroll or employee benefits, (b) Cash Collateral Accounts, (c) trust accounts held exclusively for the payment of taxes of the Borrower or any Guarantor, and (d) suspense or trust accounts held
exclusively for royalty and working interest payments owing to third parties. 
 “Excluded Perfection Collateral” shall
mean collectively (a) cash and cash equivalents constituting Excluded Funds, (b) commercial tort claims where the amount of damages expected to be claimed is less than $250,000 in the aggregate, (c) letter of credit rights to the
extent a security interest therein cannot be perfected by the filing of a financing statement under the UCC and the amount thereof is less than $250,000 in the aggregate, (d) Certificated Equipment and (e) any other Property with respect
to which either (i) the First Lien Agent or (ii) the Administrative Agent has determined, in its reasonable discretion that the cost of perfecting a security interest in such Property outweighs the benefit of the Lien afforded thereby and,
in the case of (i), such Property shall only constitute Excluded Perfection Collateral hereunder to the extent a Lien on such Property is not perfected under the First Lien Documents. 

“Excluded Properties” means the “Excluded Collateral,” as defined in the Security Agreement, which includes
(a) Excluded Trademark Collateral, as defined therein, (b) Excluded Contracts, as defined therein, and (c) Excluded PMSI Collateral, as defined therein. 

“Excluded Subsidiary” means any Restricted Subsidiary that is not required to become a Guarantor pursuant to
Section 5.08(a). 
 “Excluded Tax Collateral” means voting equity interests constituting more than 65% of the total
outstanding voting equity interests of a controlled foreign corporation” within the meaning of Section 957 of the Code (a “CFC”) or a Foreign Holding Company and any property or assets of any CFC (whether held directly or
indirectly). 
 “Excluded Tax Subsidiary” means (i) a CFC, (ii) a Foreign Holding Company and (iii) any
subsidiary of any CFC. 
 “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, 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 Recipient, U.S. federal withholding Taxes imposed on amounts payable to or for the account of such Recipient with respect to an applicable interest in an Advance or Commitment pursuant to a law in effect
on the date on which (i) such Recipient 

  
 14 

 
acquires such interest in the Advance or Commitment (other than pursuant to an assignment request by the Borrower under Section 2.14) or (ii) such Recipient changes its lending office,
except in each case to the extent that, pursuant to Section 2.13, amounts with respect to such Taxes were payable either to such Recipient’s assignor immediately before such Recipient became a party hereto or to such Recipient immediately
before it changed its lending office, (c) Taxes attributable to such Recipient’s failure to comply with Section 2.13(f) and (d) any U.S. federal withholding Taxes imposed under FATCA. 

“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 and any agreements entered into pursuant to Section 1471(b)(1) of the Code and any fiscal or
regulatory legislation, rules or official administrative practices adopted pursuant to any intergovernmental agreement entered into in connection with Sections 1471 through 1474 of the Code. 

“Federal Funds Rate” means, for any day, the rate per annum equal to the weighted median of the rates on overnight federal
funds transactions with members of the Federal Reserve System reported by depository institutions on such day for individual transactions, as published by the Federal Reserve Bank of New York on the Business Day next succeeding such day;
provided that (a) if such day is not a Business Day, the Federal Funds Rate for such day shall be such rate on such transactions on the next preceding Business Day as so published on the next succeeding Business Day, (b) if no such
rate is so published on such next succeeding Business Day, the Federal Funds Rate for such day shall be the average rate charged to the Administrative Agent (in its individual capacity) on such day on such transactions as determined by the
Administrative Agent, and (c) in any event, the Federal Funds Rate shall not be less than zero. 
 “Federal Reserve
Board” means the Board of Governors of the Federal Reserve System or any of its successors. 
 “Fee Letters”
means, collectively, (a) that certain fee letter dated July 29, 2017 among the Administrative Agent and the Borrower and (b) that certain fee letter dated September 29, 2017 among the Administrative Agent, the Borrower and the
Lenders party hereto on the Closing Date. 
 “FERC” has the meaning set forth in Section 4.23(e) hereof. 

“First Lien Agent” means Wells Fargo Bank, National Association or such other Person serving in the capacity as the
administrative agent under the First Lien Credit Agreement, or their respective successors or assigns, to the extent permitted under the First Lien Credit Agreement and the Intercreditor Agreement. 

“First Lien Credit Agreement” means the credit agreement dated as of September 12, 2016 among the Borrower, Holdings,
the First Lien Lenders, and the First Lien Agent, as amended by the Revolver Amendment and as otherwise in effect on the Closing Date, and as 

  
 15 

 
further amended, restated, refinanced, supplemented, or otherwise modified but only to the extent permitted under the terms of the Intercreditor Agreement; provided that, for the avoidance
of doubt, the First Lien Credit Agreement shall at all times constitute a Credit Facility, and the Indebtedness incurred thereunder shall at all times constitute First Lien Debt. 

“First Lien Debt” means Indebtedness incurred in accordance with Section 6.02(b) and secured pursuant to
Section 6.01(p). 
 “First Lien Lenders” means the lenders party to the First Lien Credit Agreement from time to time.

 “First Lien Loan Documents” means the definitive documentation (including any promissory notes, security documents, and
each other agreement, instrument, certificate, or document) in respect of any First Lien Debt (including, for the avoidance of doubt, the First Lien Credit Agreement) executed by Holdings, the Borrower, any of its Restricted Subsidiaries, or any of
their respective officers at any time in connection with such First Lien Debt. 
 “Fixture Operating Equipment” means any
of the items described in the first sentence of the definition of “Operating Equipment,” which, as a result of being incorporated into realty or structures or improvements located therein or thereon, with the intent that they remain there
permanently, constitute fixtures under the laws of the state in which such equipment is located. 
 “Flood Insurance
Regulations” has the meaning set forth in Section 9.21 hereof. 
 “Foreign Holding Company” means any entity
substantially all of the assets of which consist directly or indirectly of equity interests (or equity interests and debt interests) in one or more CFCs. 

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

“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 activities. 

“GAAP” means United States generally accepted accounting principles as in effect from time to time, applied on a basis
consistent with the requirements of Section 1.03. 
 “Governmental Approvals” means all authorizations, consents,
approvals, permits, licenses and exemptions of, and all registrations and filings with or issued by, any Governmental Authorities. 

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

  
 16 

 “Governmental Unit” has the meaning set forth in Section 101(27) of the
Bankruptcy Code. 
 “Guarantee” of or by any Person (the “guarantor”) means any obligation, contingent or
otherwise, of the guarantor guaranteeing or having the economic effect of guaranteeing any Indebtedness or other obligation of any other Person (the “primary obligor”) in any manner, whether directly or indirectly, and including any
obligation of the guarantor, direct or indirect, (a) to purchase or pay (or advance or supply funds for the purchase or payment of) such Indebtedness or other obligation or to purchase (or to advance or supply funds for the purchase of) any
security for the payment thereof, (b) to purchase or lease property, securities or services for the purpose of assuring the owner of such Indebtedness or other obligation of the payment thereof, (c) to maintain working capital, equity
capital or any other financial statement condition or liquidity of the primary obligor so as to enable the primary obligor to pay such Indebtedness or other obligation, (d) as an account party in respect of any letter of credit or letter of
guaranty issued to support such Indebtedness or obligation or (e) for the purpose of assuming in any other manner the obligee in respect of such Indebtedness or other obligation of the payment or performance thereof or to protect such obligee
against loss in respect thereof (whether in whole or in part). 
 “Guarantor” means (a) Holdings, (b) each Restricted
Subsidiary of Holdings (other than Excluded Subsidiaries) and (c) each Restricted Subsidiary of Holdings that voluntarily executes a Guaranty, provided that, notwithstanding anything in the Loan Documents, Guarantor shall in no event include
any Excluded Tax Subsidiary. 
 “Guaranty” means a guaranty agreement substantially the form of the attached Exhibit
B and executed by a Guarantor. 
 “Hazardous Materials” means any substances or materials (a) which are or become
defined as hazardous wastes, hazardous substances, pollutants, contaminants, chemical substances or mixtures or toxic substances under any Environmental Law, (b) which are toxic, explosive, corrosive, flammable, infectious, radioactive,
carcinogenic, mutagenic or otherwise harmful to public health or the Environment and are or become regulated by any Governmental Authority, (c) the presence of which require investigation or remediation under any Environmental Law or common
law, (d) the discharge or emission or Release of which requires a Permit under any Environmental Law or other Governmental Approval, (e) which are deemed by a Governmental Authority to constitute a nuisance which pose a health or safety
hazard to Persons or neighboring properties, or (f) which contain, without limitation, asbestos, polychlorinated biphenyls, urea formaldehyde foam insulation, petroleum hydrocarbons, petroleum derived substances or waste, crude oil, nuclear
fuel, natural gas or synthetic gas. 
 “Hedge Contract” means (a) any and all rate swap transactions, basis swaps,
credit derivative transactions, forward rate transactions, puts, 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

  
 17 

 
transactions, currency options, spot contracts, or any other similar transactions or any combination of any of the foregoing (including any options to enter into any of the foregoing), whether or
not any such transaction is governed by or subject to any master agreement, and (b) any and all transactions of any kind, and the related confirmations, which are subject to the terms and conditions of, or governed by, any form of master
agreement published by the International Swaps and Derivatives Association, Inc., any International Foreign Exchange Master Agreement, or any other master agreement (any such master agreement, together with any related schedules, a “Master
Agreement”), including any such obligations or liabilities under any Master Agreement; provided that, a “Hedge Contract” shall not include any “Master Agreement” or other agreement that provides solely for the
sale by any Loan Party or any Restricted Subsidiary of physical Hydrocarbons in exchange for cash in the ordinary course of its business. 

“Hedge Event” means any novation, assignment, unwinding, termination, expiration or amendment of a Hedge Contract. 

“Hedge Termination Value” means, in respect of any one or more Hedge Contracts, after taking into account the effect of any
legally enforceable netting agreement relating to such Hedge Contracts, (a) for any date on or after the date such Hedge Contracts have been closed out and termination value(s) determined in accordance therewith, such termination value(s), and
(b) for any date prior to the date referenced in clause (a), the amount(s) determined as the mark-to-market value(s) for such Hedge Contracts, as determined based
upon one or more mid-market or other readily available quotations provided by any recognized dealer in such Hedge Contracts (which may include a Lender or any Affiliate of a Lender). 

“Holdings” has the meaning set forth in the introductory paragraph hereof. 

“Hydrocarbon Hedge Agreement” means a Hedge Contract which is intended to reduce or eliminate the risk of fluctuations in the
price of Hydrocarbons. 
 “Hydrocarbons” means oil, gas, coal seam gas, casinghead gas, drip gasoline, natural gasoline,
condensate, distillate, and all other liquid and gaseous hydrocarbons produced or to be produced in conjunction therewith from a well bore and all products, by-products, and other substances derived therefrom
or the processing thereof, and all other minerals and substances produced in conjunction with such substances, including, but not limited to, sulfur, geothermal steam, water, carbon dioxide, helium, and any and all minerals, ores, or substances of
value and the products and proceeds therefrom. 
 “Immaterial Subsidiary” means any Restricted Subsidiary of the Borrower
which individually has less than $5,000,000, and in the aggregate with all other Immaterial Subsidiaries has less than $20,000,000, of assets and quarterly revenues, in each case, based on the most recently quarterly financial statements available
to the Borrower. 

  
 18 

 “Indebtedness” means, with respect to any Person at any date and without
duplication, the sum of the following: 
 (a)    all liabilities, obligations and indebtedness for borrowed money
including, but not limited to, obligations evidenced by bonds, debentures, notes or other similar instruments of any such Person; 

(b)    all obligations to pay the deferred purchase price of property or services of any such Person (including, without
limitation, all obligations under non-competition, earn-out or similar agreements), except trade payables arising in the ordinary course of business not more than ninety
(90) days past due, or that are currently being contested in good faith by appropriate proceedings and with respect to which reserves in conformity with GAAP have been provided for on the books of such Person; 

(c)    the Attributable Indebtedness of such Person and all outstanding payment obligations with respect to such
Person’s Capital Lease Obligations and Synthetic Leases (regardless of whether accounted for as indebtedness under GAAP); 

(d)    all obligations of such Person under conditional sale or other title retention agreements relating to property
purchased by such Person to the extent of the value of such property (other than customary reservations or retentions of title under agreements with suppliers entered into in the ordinary course of business); 

(e)    all Indebtedness of any other Person secured by a Lien on any asset owned or being purchased by such Person
(including indebtedness arising under conditional sales or other title retention agreements except trade payables arising in the ordinary course of business), whether or not such indebtedness shall have been assumed by such Person or is limited in
recourse; 
 (f)    all obligations, contingent or otherwise, of any such Person relative to the face amount of letters
of credit, whether or not drawn, and banker’s acceptances issued for the account of any such Person; 
 (g)    all
obligations of any such Person in respect of Disqualified Equity Interests; 
 (h)    all obligations of such Person
under any Hedge Contract; 
 (i)    all Guarantees of any such Person with respect to any of the foregoing; 

(j)    the outstanding attributed principal amount under any asset securitization program; and 

(k)    obligations to deliver commodities, goods or services, including, without limitation, Hydrocarbons, in
consideration of one or more advance payments, other than gas balancing arrangements in the ordinary course of business, including obligations of such Person owing in connection with any Advance Payment Contract. 

For all purposes hereof, the Indebtedness of any Person shall include the Indebtedness of any partnership or joint venture (other than a joint venture that is
itself a corporation or limited liability company) in which such Person is a general partner or a joint venturer, unless such 

  
 19 

 
Indebtedness is expressly made non-recourse to such Person. The Indebtedness of any Person shall include all obligations of such Person of the character
described above to the extent such Person remains legally liable in respect thereof notwithstanding that any such obligation is not included as a liability of such Person under GAAP. 

“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 any Loan Party under any Loan Document and (b) to the extent not otherwise described in (a), Other Taxes. 

“Indemnitee” has the meaning set forth in Section 9.02(a) hereof. 

“Independent Engineer” means (a) Netherland, Sewell & Associates, Inc., (b) Ryder Scott Company, L.P., (c)
DeGolyer and MacNaughton or (d) any other independent petroleum engineering firm selected by the Borrower and reasonably acceptable to the Majority Lenders. 

“Independent Engineering Report” means any “Independent Engineering Report” as defined in and delivered to the
First Lien Agent under the First Lien Credit Agreement or, if no such report is delivered thereunder, then a report, in form and substance reasonably satisfactory to the Administrative Agent and each of the Lenders, prepared by an Independent
Engineer with respect to the Proven Reserves owned by any Loan Party or any Restricted Subsidiary (or to be acquired by any Loan Party or any Restricted Subsidiary, as applicable), which report shall (a) specify the location, quantity, and type
of the estimated Proven Reserves attributable to such Oil and Gas Properties, (b) contain a projection of the rate of production of such Oil and Gas Properties, (c) contain an estimate of the Present Value, (d) contain an attendant
reserve database capable of producing a match of the reserves, and (e) contain such other information as is customarily obtained from and provided in such reports. 

“Initial Acquisition” means the acquisition on or after the Closing Date by Holdings, directly or through one or more of its
Restricted Subsidiaries, from the Seller of the Lavaca Assets pursuant to the Purchase Agreement. 
 “Intercreditor
Agreement” means an Intercreditor Agreement in form and substance satisfactory to the Administrative Agent and the Lenders, among the Administrative Agent, the First Lien Agent, and the Loan Parties. 

“Interest Coverage Ratio” means, as of any date of determination, the ratio of (a) EBITDAX to (b) Interest Expense.

 “Interest Expense” means, for the Borrower and its consolidated Restricted Subsidiaries for any period, total interest
expense incurred in connection with any Indebtedness for such period, whether paid or accrued, including (a) all commissions, discounts and other fees and charges owed with respect to letters of credit and bankers’ acceptance financing,
imputed interest under Capital Leases and Synthetic Leases, and net costs under Interest Hedge Agreements, all as determined in conformity with GAAP, and (b) all interests, dividends, distributions, or other payments made in respect of
preferred Equity Interests. 

  
 20 

 “Interest Hedge Agreement” means a Hedge Contract between the Borrower and one
or more financial institutions providing for the exchange of nominal interest obligations between the Borrower and such financial institution or the cap of the interest rate on any Indebtedness of the Borrower. 

“Interest Period” means, for each Eurodollar Rate Advance comprising part of the same Borrowing, the period commencing on the
date of such Eurodollar Rate Advance or the date of the Conversion of any Reference Rate Advance into a Eurodollar Rate Advance and ending on the last day of the period selected by the Borrower pursuant to the provisions below and Section 2.02
and, thereafter, each subsequent period commencing on the last day of the immediately preceding Interest Period and ending on the last day of the period selected by the Borrower pursuant to the provisions below and Section 2.02. The duration of
each such Interest Period shall be one, three or six months, in each case as the Borrower may, upon notice received by the Administrative Agent not later than 12:00 p.m. (New York City time) on the third Business Day prior to the first day of such
Interest Period, select; provided, however, that: 
 (a)    the Borrower may not select any Interest Period which
ends after the Maturity Date; 
 (b)    Interest Periods commencing on the same date for Advances comprising part of the
same Borrowing shall be of the same duration; 
 (c)    whenever the last day of any Interest Period would otherwise
occur on a day other than a Business Day, the last day of such Interest Period shall be extended to occur on the next succeeding Business Day, provided that if such extension would cause the last day of such Interest Period to occur in the
next following calendar month, the last day of such Interest Period shall occur on the next preceding Business Day; and 

(d)    any Interest Period which begins on the last Business Day of a calendar month (or on a day for which there is no
numerically corresponding day in the calendar month at the end of such Interest Period) shall end on the last Business Day of the calendar month in which it would have ended if there were a numerically corresponding day in such calendar month. 

“Internal Engineering Report” means any “Internal Engineering Report” as defined in and delivered to the First Lien
Agent under the First Lien Credit Agreement or, if no such report is delivered thereunder, then a report that is in form and substance reasonably satisfactory to the Administrative Agent and each Lender, prepared by the Borrower and certified by a
Responsible Officer of the Borrower, addressed to the Administrative Agent and the Lenders with respect to the Oil and Gas Properties owned by any Loan Party or any Restricted Subsidiary (or to be acquired by any Loan Party or any Restricted
Subsidiary, as applicable) which are or are to be included in the Borrowing Base, which report shall (a) specify the location, quantity, and type of the estimated Proven Reserves attributable to such Oil and Gas Properties, (b) contain a
projection of the rate of production of such Oil and Gas Properties, (c) contain an estimate of the net operating revenues to be derived from the production and sale of Hydrocarbons from such Proven Reserves based on product prices and cost
escalation assumptions specified by the Administrative Agent in good faith, (d) contain an attendant reserve database capable of 

  
 21 

 
producing a match of the reserves, and (e) contain such other information as is customarily obtained from and provided in such reports or is otherwise reasonably requested by the
Administrative Agent or any Lender. 
 “Investment” means, as to any Person, any direct or indirect purchase, acquisition
or investment by such Person, whether by means of (a) the purchase or other acquisition of Equity Interests or other securities of another Person, (b) a loan, advance or capital contribution to, guarantee (by guaranty or other arrangement)
or assumption of Indebtedness of, or purchase or other acquisition of any other Indebtedness or equity participation or interest in, another Person, including any partnership or joint venture interest in such other Person, or (c) the purchase
or other acquisition (in one transaction or a series of transactions) of substantially all or a portion of the business or assets of another Person. For purposes of covenant compliance, the amount of any Investment shall be the amount actually
invested, without adjustment for subsequent increases or decreases in the value of such Investment but giving effect to any cash repayments of loans or cash return of Investments. 

“Lavaca Assets” means those Oil and Gas Properties more specifically described in the Purchase Agreement. 

“Lead Arranger” means Jefferies Finance, LLC, in its capacity as lead arranger. 

“Lease Operating Statement” means a statement, in form and substance reasonably satisfactory to the Administrative Agent,
prepared by the Borrower with respect to the Oil and Gas Properties owned by any Loan Party or any Restricted Subsidiary (or to be acquired by any Loan Party or any Restricted Subsidiary, as applicable), which statement shall contain production,
revenue, and expense data for the time period covered by such statement and such other information reasonably requested by the Administrative Agent or any Lender. 

“Leases” means all oil and gas leases, oil, gas and mineral leases, oil, gas and casinghead gas leases or any other
instruments, agreements, or conveyances under and pursuant to which the owner thereof has or obtains the right to enter upon lands and explore for, drill, and develop such lands for the production of Hydrocarbons. 

“Legal Requirement” means, as to any Person, any law, statute, ordinance, decree, requirement, order, judgment, rule,
regulation (or official interpretation of any of the foregoing) of, and the terms of any license or Permit issued by, any Governmental Authority, including, but not limited to, Regulations T, U, and X, which is applicable to such Person. 

“Lender” means a party hereto that (a) is a lender listed on the signature pages of this Agreement on the date hereof or
(b) is an Eligible Assignee that became a lender under this Agreement pursuant to Section 2.14 or 9.07. 
 “Lender
Parties” means Lenders, the Lead Arranger, the Administrative Agent and the Collateral Agent. 

  
 22 

 “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. 

“Leverage Ratio” means, as of any date of determination, the ratio of (a) Holdings’ consolidated Indebtedness
(other than (i) Indebtedness under surety bonds, performance bonds, and other similar bonds and (ii) Indebtedness under Hedge Contracts) on such date to (b) consolidated EBITDAX for the four fiscal quarters most recently ended. 

“Lien” means any mortgage, lien, pledge, assignment, charge, deed of trust, security interest, hypothecation, preference,
deposit arrangement or encumbrance (or other type of arrangement having the practical effect of the foregoing) to secure or provide for the payment of any obligation of any Person, whether arising by contract, operation of law, or otherwise
(including, without limitation, the interest of a vendor or lessor under any conditional sale agreement, Synthetic Lease, Capital Lease, or other title retention agreement). 

“Liquid Investments” means: 

(a)    direct obligations of, or obligations the principal of and interest on which are unconditionally guaranteed by, the
United States maturing within 120 days from the date of any acquisition thereof; 
 (b)    (i) negotiable or
nonnegotiable certificates of deposit, time deposits, or other similar banking arrangements maturing within 120 days from the date of acquisition thereof (“bank debt securities”), issued by (A) any Lender (or any Affiliate of any
Lender) or (B) any other bank or trust company so long as such certificate of deposit is pledged to secure the Borrower’s or any Restricted Subsidiaries’ ordinary course of business bonding requirements, or any other bank or trust
company which has primary capital of not less than $500,000,000, if at the time of deposit or purchase, such bank debt securities are rated not less than “AA” (or the then equivalent) by the rating service of Standard &
Poor’s Ratings Group or of Moody’s Investors Service, Inc., and (ii) commercial paper issued by (A) any Lender (or any Affiliate of any Lender) or (B) any other Person if at the time of purchase such commercial paper is
rated not less than “A-1” (or the then equivalent) by the rating service of Standard & Poor’s Ratings Group or not less than “P-1” (or
the then equivalent) by the rating service of Moody’s Investors Service, Inc., or upon the discontinuance of both of such services, such other nationally recognized rating service or services, as the case may be, as shall be selected by the
Borrower with the consent of the Majority Lenders; 
 (c)    deposits in money market funds investing exclusively in
investments described in clauses (a) and (b) above; and 
 (d)    repurchase agreements relating to investments
described in clauses (a) and (b) above with a market value at least equal to the consideration paid in connection therewith, with any Person who regularly engages in the business of entering into repurchase agreements and has a combined capital
surplus and undivided profit of not less than $500,000,000, if at the time of entering into such agreement the debt securities of such Person are rated not less than “AA” (or the then equivalent) by the rating service of
Standard & Poor’s Ratings Group or of Moody’s Investors Service, Inc. 

  
 23 

 “Loan Documents” means this Agreement, the Notes, the Guaranty, the Security
Instruments, the Fee Letters, the Intercreditor Agreement, and each other agreement, instrument, or document executed by the Borrower, any Guarantor, or any of the Borrower’s or a Guarantor’s Subsidiaries or any of their officers at any
time in connection with this Agreement. For the avoidance of doubt, “Loan Documents” does not include Hedge Contracts. 

“Loan Party” means the Borrower and each Guarantor. 

“Majority Lenders” means Lenders holding more than 50% of the aggregate unpaid principal amount of the Advances;
provided that, (a) if no Advances are then outstanding, “Majority Lenders” shall mean Lenders having more than 50% of the aggregate Commitments at such time; (b) the Commitments of, and the portion of the Advances
held or deemed held by, any Defaulting Lender shall be excluded for purposes of making a determination of Majority Lenders unless all of the Lenders are Defaulting Lenders; and (c) at any time there are fewer than five Lenders but more than one
Lender at least two, non-Affiliated Lenders, each holding not less than $5,000,000 aggregate unpaid principal amount of the Advances (or if no Advances are then outstanding, not less than $5,000,000 in the
aggregate Commitments), will be required to constitute Majority Lenders. 
 “Make-Whole Amount” means, with respect to any
Advances repaid or prepaid under Sections 2.04(a) or 2.04(b)(ii), and if applicable, upon any acceleration of the Obligations pursuant to Sections 7.02 or assignment of Advances of any Lender under Section 2.14, whether voluntary or mandatory,
on any prepayment, repayment, acceleration or assignment date, the greater of: (a) 1.0% of the principal amount of the Advances repaid, prepaid, accelerated or assigned; and (b) the excess of: (i) the Present Value at such repayment,
prepayment or assignment date of (A) the Applicable Premium on such Advances on the first anniversary of the Closing Date plus (B) the aggregate interest that would have accrued on such Advances from the date of such repayment, prepayment
or assignment (assuming that the rate for Eurodollar Rate Advances prevailing at the time of the notice of repayment, prepayment or assignment applies throughout such period) through the first anniversary of the Closing Date (excluding accrued but
unpaid interest to the date of such repayment, prepayment or assignment), such Present Value to be computed using a discount rate equal to the Treasury Rate plus 50 basis points discounted to the repayment, prepayment or assignment date on a
semi-annual basis (assuming a 360 day year consisting of twelve 30 day months), over (ii) the principal amount of such Advances. 

“Material Adverse Change” means any material adverse change in, or material adverse effect on, (a) the business,
property, operations, or condition (financial or otherwise) of the Borrower and the Guarantors taken as a whole, (b) the ability of the Borrower and Guarantors, taken as a whole, to perform any of their obligations under this Agreement and the
other Loan Document to which any of them is a party, (c) the validity or enforceability of any of this Agreement and the other Loan Documents or (d) the rights or remedies of or benefits available to the Agent, any other agent or the
Lenders under this Agreement and the other Loan Documents. 

  
 24 

 “Material Debt” has the meaning set forth in Section 5.08(a) hereof. 

“Maturity Date” means September 29, 2022. 

“Maximum Rate” means the maximum nonusurious interest rate under applicable law (determined under such laws after giving
effect to any items which are required by such laws to be construed as interest in making such determination, including without limitation if required by such laws, certain fees and other costs). 

“Mortgage” means each of the mortgages or deeds of trust executed by any one or more Loan Party in substantially the form of
the attached Exhibit C-1 or Exhibit C-2, as applicable, or such other form as may be reasonably requested by the Administrative Agent, together with any
assumptions or assignments of the obligations thereunder by any Loan Party. 
 “Mortgage Requirement” means a requirement
that the Loan Parties shall have granted to the Collateral Agent (for its benefit and the benefit of the Secured Parties) an Acceptable Security Interest in Oil and Gas Properties of the Loan Parties constituting at least (a) 95% of the Present
Value of the Borrower’s and its Restricted Subsidiaries’ Proven Reserves and the Oil and Gas Properties relating thereto, and (b) at least 95% of the Present Value of the Borrower’s and its Restricted Subsidiaries’ other Oil
and Gas Properties, in each case, as evaluated in the information delivered pursuant to Section 3.01(d) or the most recently delivered Engineering Report; provided that, to the extent the First Lien Lenders agree to a minimum mortgage
requirement that is less than the foregoing, the “Mortgage Requirement” hereunder shall be automatically reduced to such lower requirement; provided further that in no event shall the “Mortgage Requirement” hereunder be
less than (i) at least 80% of the Present Value of the Borrower’s and its Restricted Subsidiaries’ Proven Reserves and the Oil and Gas Properties relating thereto, and (ii) at least 80% of the Present Value of the Borrower’s
and its Restricted Subsidiaries’ other Oil and Gas Properties, in each case, as evaluated in the most recently delivered Engineering Report.  

“Multiemployer Plan” means a “multiemployer plan” as defined in Section 4001(a)(3) of ERISA. 

“Net Cash Proceeds” means, with respect to any Disposition (other than Dispositions constituting Investments permitted
pursuant to Section 6.06(f) in an aggregate amount not to exceed $75,000,000) or Casualty Event, all cash and Liquid Investments received (directly or indirectly) by any Loan Party or any Subsidiary from such Disposition after payment of all
reasonable out of pocket fees and expenses actually incurred by such Loan Party or such Subsidiary directly in connection with such Disposition minus (a) taxes paid or payable as a result thereof (after taking into account any available
tax credits or deductions and any tax sharing arrangements), minus (b) if applicable, the principal amount of any Indebtedness that is secured (other than a Lien that ranks pari passu with or subordinated to the Liens securing the
Obligations) by such asset (if any) and that is required to be repaid in connection with such Disposition or Casualty Event thereof (other than the Advances), and minus (c) any amounts provided as a reserve, in accordance with GAAP,
against any liabilities under any indemnification obligations or purchase price adjustments associated with such Disposition 

  
 25 

 
(other than any taxes deducted pursuant to clause (a) above) (however, the amount of any subsequent reduction of such reserve (other than in connection with a payment in respect of any such
liability) shall be deemed to be Net Cash Proceeds of such Disposition or Casualty Event occurring on the date of such reduction); provided that so long as no Event of Default has occurred and is continuing, the Borrower may reinvest any
portion of such proceeds in assets useful for its business (which shall include any Investment permitted by this Agreement) within 12 months of such receipt and such portion of such proceeds shall not constitute Net Cash Proceeds except to the
extent not, within 12 months of such receipt, so reinvested or contractually committed to be so reinvested (it being understood that if any portion of such proceeds are not so used within such 12-month period
but within such 12-month period are contractually committed to be used, then upon the termination of such contract or if such Net Cash Proceeds are not so used within 18 months of initial receipt, such
remaining portion shall constitute Net Cash Proceeds as of the date of such termination or expiry without giving effect to this proviso); it being further understood that such proceeds shall constitute Net Cash Proceeds notwithstanding any
investment notice if an Event of Default has occurred and is continuing at the time of a proposed reinvestment, unless such proposed reinvestment is made pursuant to a binding commitment entered into at a time when no such Event of Default was
continuing; provided, further, that (x) the proceeds realized in any single transaction (or series of related transactions) shall not constitute Net Cash Proceeds unless the amount of such proceeds exceeds $20,000,000 and (y) only
the aggregate amount of proceeds (excluding, for the avoidance of doubt, proceeds described in the preceding clause (x)) in excess of $30,000,000 in any fiscal year shall constitute Net Cash Proceeds. For purposes of calculating the amount of Net
Cash Proceeds, fees, commissions and other costs and expenses payable to the Borrower or any Subsidiary shall be disregarded. 
 “Non-Consenting Lender” means any Lender that does not consent to a proposed agreement, amendment, waiver, consent or release with respect to this Agreement or any other Loan Document that (i) requires
the consent of each Lender and (ii) has been approved by the Majority Lenders. 

“Non-Defaulting Lender” means, at any time, each Lender that is not a Defaulting
Lender at such time. 
 “Non-Recourse Debt” means Indebtedness: 

(a)    as to which none of Holdings, the Borrower nor any of the Restricted Subsidiaries (i) provides credit support
of any kind (including any undertaking, agreement or instrument that would constitute Indebtedness), (ii) is directly or indirectly liable as a guarantor or otherwise, or (iii) constitutes the lender, other than, in each case, (x) pledges
of Equity Interests in any Unrestricted Subsidiary or (y) Investments permitted under Section 6.06; and 

(b)    no default with respect to which (including any rights that the holders of the Indebtedness may have to take
enforcement action against an Unrestricted Subsidiary) would permit upon notice, lapse of time or both any holder of any other Indebtedness of Holdings, the Borrower or any of the Restricted Subsidiaries to declare a default on such other
Indebtedness or cause the payment of the Indebtedness to be accelerated or payable prior to its stated maturity. 

  
 26 

 “Notes” means a promissory note of the Borrower payable to any Lender in the
amount of such Lender’s Commitment, in substantially the form of the attached Exhibit D, evidencing indebtedness of the Borrower to such Lender resulting from Advances owing to such Lender. 

“Notice of Borrowing” means a notice of borrowing substantially in the form of the attached Exhibit E signed by a
Responsible Officer of the Borrower. 
 “Notice of Conversion or Continuation” means a notice of conversion or continuation
substantially in the form of the attached Exhibit F signed by a Responsible Officer of the Borrower. 
 “O&G
Definitions” means the definitions for oil and gas reserves promulgated by the Society of Petroleum Evaluation Engineers (or any generally recognized successor) as in effect at the time in question. 

“Obligations” means all principal, interest (including post-petition interest), fees, reimbursements, indemnifications,
premiums (including any Applicable Premium) and other amounts payable by the Borrower, any Guarantor or any of their respective Restricted Subsidiaries to the Administrative Agent, the Collateral Agent, or the Lenders under the Loan Documents,
including any postpetition interest in the event of a bankruptcy, to the extent such interest is enforceable by applicable Legal Requirement. 

“OFAC” means The Office of Foreign Assets Control of the U.S. Department of the Treasury. 

“Oil and Gas Properties” means fee mineral interests, term mineral interests, Leases, subleases, farm-outs, royalties,
overriding royalties, net profit interests, carried interests, production payments and similar mineral interests, and all unsevered and unextracted Hydrocarbons in, under, or attributable to such oil and gas Properties and interests. 

“Operating Equipment” means all surface or subsurface machinery, equipment, facilities, supplies or other Property of
whatsoever kind or nature now or hereafter located on any of the Property affected by the Oil and Gas Properties which are useful for the production, treatment, storage or transportation of Hydrocarbons, including all oil wells, gas wells, water
wells, injection wells, casing, tubing, rods, pumping units and engines, christmas trees, derricks, separators, gun barrels, flow lines, pipelines, tanks, gas systems (for gathering, treating and compression), water systems (for treating, disposal
and injection), supplies, derricks, wells, power plants, poles, cables, wires, meters, processing plants, compressors, dehydration units, lines, transformers, starters and controllers, machine shops, tools, storage yards and equipment stored
therein, buildings and camps, telegraph, telephone and other communication systems, roads, loading racks, shipping facilities and all additions, substitutes and replacements for, and accessories and attachments to, any of the foregoing. Operating
Equipment shall not include any items incorporated into realty or structures or improvements located therein or thereon in such a manner that they no longer remain personalty under the laws of the state in which such equipment is located. 

  
 27 

 “Operating Lease” means, as to any Person as determined in accordance with GAAP,
any lease of Property (whether real, personal or mixed) by such Person as lessee which is not a Capital Lease. 
 “Order”
means any judgment, order, award, injunction, writ, permit, license or decree of any Governmental Unit or arbitrator of applicable jurisdiction. 

“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 Advance, Commitment 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 required by the Borrower pursuant to Section 2.14). 

“Participant” has the meaning set forth in Section 9.07(d) hereof. 

“Participant Register” has the meaning set forth in Section 9.07(d) hereof. 

“Patriot Act” means the USA Patriot Act (Title III of Pub. L. 107-56 (signed into law
October 26, 2001)). 
 “PBGC” means the Pension Benefit Guaranty Corporation or any entity succeeding to any or all of
its functions under ERISA. 
 “PDP Reserves” means, as of any date of determination, oil and gas mineral interests that, in
accordance with the O&G Definitions, are classified as “proved developed and producing” in the most recently delivered Independent Engineering Report. 

“Pension Plan” means any Employee Benefit Plan, other than a Multiemployer Plan, which is subject to the provisions of Title
IV of ERISA or Sections 412 and 430 of the Code or Section 302 of ERISA. 
 “Permit” means any approval, certificate
of occupancy, consent, waiver, exemption, variance, franchise, order, permit, authorization, right or license of or from any Governmental Authority, including without limitation, an Environmental Permit. 

  
 28 

 “Permitted Acquisition” means any Acquisition that meets all of the following
requirements: 
 (a)    no less than five (5) Business Days prior to the proposed closing date of such Acquisition
(or such shorter period of time as the Administrative Agent may agree to in its sole discretion), the Borrower shall have delivered written notice of such Acquisition to the Administrative Agent, which notice shall include the proposed closing date
of such Acquisition; 
 (b)    such Acquisition is not hostile; 

(c)    the Person or business to be acquired shall be in a line of business permitted pursuant to Section 6.11; 

(d)    if such Acquisition is a merger or consolidation, the Borrower or a Guarantor shall be the surviving Person and no
Change in Control shall have been effected thereby; 
 (e)    if an increase in the Borrowing Base is to be effected in
connection with such Acquisition on the date of such Acquisition, the Borrower shall have delivered to the Administrative Agent all documents required to be delivered pursuant to, and in accordance with, Section 5.08 concurrent with the
delivery of analogous documents to the First Lien Agent notwithstanding the time frames required under Section 5.08; 

(f)    no later than five (5) Business Days prior to the proposed closing date of such Acquisition (or such shorter
period of time as the Administrative Agent may agree to in its sole discretion), the Borrower shall have delivered to the Administrative Agent a certificate of a Responsible Officer certifying for the most recent fiscal quarter end preceding such
Acquisition for which financial statements are available demonstrating, in form and substance reasonably satisfactory to the Administrative Agent, that on a Pro Forma Basis calculated in a manner acceptable to the Administrative Agent (as of the
date of the Acquisition and after giving effect thereto and any Indebtedness incurred in connection therewith) (i) the Interest Coverage Ratio is not less than 3.00 to 1.00, (ii) the Current Ratio is not less than 1.00 to 1.00, and
(iii) the Leverage Ratio shall be at least 0.25 below the then applicable ratio set forth in Section 6.17(a) of the First Lien Credit Agreement; 

(g)    no later than one (1) Business Day (or such shorter period as the Administrative Agent may agree to in its
sole discretion) prior to the proposed closing date of such Acquisition, the Borrower, to the extent reasonably requested by the Administrative Agent, shall have delivered to the Administrative Agent copies of substantially final Permitted
Acquisition Documents; 
 (h)    no Default or Event of Default shall have occurred and be continuing both before and
after giving effect to such Acquisition and any Indebtedness incurred in connection therewith; 
 (i)    after giving
effect to the Acquisition (including any increase to the Borrowing Base resulting therefrom), Availability shall be no less than 15% of the then effective Borrowing Base; and 

(j)    the Borrower shall have delivered to the Administrative Agent a certificate of a Responsible Officer certifying
that all of the requirements set forth above have been satisfied or will be satisfied on or prior to the consummation of such purchase or other Acquisition (or will be satisfied within the time periods otherwise required above). 

  
 29 

 “Permitted Acquisition Documents” means with respect to any Acquisition proposed
by the Borrower or any Subsidiary Guarantor, final copies or substantially final drafts if not executed at the required time of delivery of the purchase agreement, sale agreement, merger agreement or other primary agreement evidencing such
Acquisition, including, without limitation, all legal opinions and any material amendment, modification or supplement to any of the foregoing. 

“Permitted Asset Swap” means the Disposition of Oil and Gas Properties made by a Loan Party or any Restricted Subsidiary in
exchange for other Oil and Gas Properties so long as each of the following conditions are met: (a) such exchange is made with a Person (the “transferee”) that is not an Affiliate of any Loan Party or any Restricted Subsidiary,
(b) if the Oil and Gas Properties being Disposed of are Collateral, then the Oil and Gas Properties received shall also be pledged as Collateral pursuant to Mortgages, (c) no Proven Reserves are attributable to the Disposed Oil and Gas
Properties, and (d) the fair market value of the Disposed Oil and Gas Properties are substantially equivalent to the fair market value of the received Oil and Gas Properties (in any case, as reasonably determined by the board of directors or
the equivalent governing body of the Borrower, or its designee, and, if requested by the Administrative Agent, the Borrower shall deliver a certificate of a Responsible Officer of the Borrower certifying to that effect). 

“Permitted Liens” means the Liens permitted under Section 6.01; provided that (1) Liens described in clauses
(d) and (g) of Section 6.01 shall remain “Permitted Liens” only for so long as no action to enforce such Lien has been commenced or such Liens are being diligently contested in good faith by appropriate proceedings and adequate
reserves have been made in accordance with GAAP, and (2) no intention to subordinate the priority of the Lien granted in favor of the Administrative Agent and the Secured Parties is to be hereby implied or expressed by the permitted existence
of any Permitted Liens. 
 “Permitted Prior Liens” means the Permitted Liens permitted under paragraphs (b) through
(i), (l), (m), (o), (p) and (q) of Section 6.01. 
 “Permitted Refinancing Debt” means unsecured Indebtedness of
any of the Loan Parties (for purposes of this definition, “new Debt”) incurred in exchange for (other than pursuant to an Exchange Offer), or proceeds of which are used to extend, refinance, renew, replace, defease, discharge,
refund or otherwise retire for value, in whole or in part, any other Indebtedness of any of the Loan Parties (the “Refinanced Debt”); provided that (a) such new Debt is in an aggregate principal amount not in excess of the sum
of (i) the aggregate principal amount then outstanding of the Refinanced Debt (or, if the Refinanced Debt is exchanged or acquired for an amount less than the principal amount thereof to be due and payable upon a declaration of acceleration
thereof, such lesser amount) and (ii) an amount necessary to pay all accrued (including, for the purposes of defeasance, future accrued) and unpaid interest on the Refinanced Debt and any fees and expenses, including premiums, related to such
exchange or refinancing; (b) such new Debt has a stated final maturity no earlier than the sooner to occur of (i) the date that is 91 days after 

  
 30 

 
the Maturity Date (as in effect on the date of incurrence of such new Debt) and (ii) the stated final maturity date of the Refinanced Debt; (c) such new Debt has an average life at the
time such new Debt is incurred that is no shorter than the shorter of (i) the period beginning on the date of incurrence of such new Debt and ending on the date that is 91 days after the Maturity Date (as in effect on the date of incurrence of
such new Debt) and (ii) the average life of the Refinanced Debt at the time such new Debt is incurred; (d) the covenants of such new Debt, when taken as a whole, are not materially more onerous to the Loan Parties than those imposed by the
Refinanced Debt, as determined in good faith by a Responsible Officer; (e) if the Refinanced Debt was subordinated in right of payment to the Obligations or the guarantees under the Guaranty, such new Debt (and any guarantees thereof) is
subordinated in right of payment to the Obligations (or, if applicable, the guarantees under the Guaranty) to at least the same extent as the Refinanced Debt; and (f) the primary obligations with respect to such new Debt may not be incurred by
any Loan Party other than a Loan Party that was an obligor on the Refinanced Debt. 
 “Permitted Tax Distributions” means
Restricted Payments in the form of cash made by (i) the Borrower to Holdings in an amount equal to the net income Tax liabilities of Holdings, attributable solely to the earnings of the Borrower and its Restricted Subsidiaries and earnings of
any of Borrower’s Unrestricted Subsidiaries (to the extent Borrower has received cash in respect of the net income Tax liabilities of Holdings attributable to the earnings of such Unrestricted Subsidiaries directly or indirectly from such
Unrestricted Subsidiaries) for such Tax years in which the Borrower is a pass-through entity owned by Holdings or a member of a consolidated or similar group with Holdings for Tax purposes (calculated for the avoidance of doubt after taking into
account any net operating loss carryovers and similar tax attributes available to Holdings from any source); provided that, in no event shall such amount exceed the amount actually required to be paid by Holdings in income tax attributable to
such earnings and (ii) any Subsidiary of Borrower directly or indirectly to Borrower in order to enable Borrower to make the distribution described in clause (i). 

“Person” means an individual, partnership, corporation (including a business trust), joint stock company, limited liability
corporation or company, limited liability partnership, trust, unincorporated association, joint venture or other entity, or a government or any political subdivision or agency thereof or any trustee, receiver, custodian or similar official. 

“Platform” has the meaning set forth in Section 9.09(c)(i) hereof. 

“Present Value” means, as of any date of determination, the discounted net present value, on a
pre-income tax basis, of projected future cash flows from the production of the Loan Parties’ Proven Reserves which is: 

(a)    calculated in accordance with the SEC guidelines but using Strip Prices for crude oil (WTI Cushing), for natural
gas liquids (Mont Belvieu) and natural gas (Henry Hub); 
 (b)    discounted using an annual discount rate of 10%; 

(c)    as set forth in the mostly recently delivered Independent Engineering Report; 

  
 31 

 (d)    adjusted to give effect to the Hedging Agreements permitted by this
Agreement as in effect on the date of such determination; and 
 (e)    in all cases, adjusted to give pro forma effect
to all acquisitions, extensions, discoveries and other additions and upward revisions of estimates of Proven Reserves, and all estimated Proven Reserves produced or disposed of, or downward revisions of estimates of Proven Reserves, in each case,
since the date of the mostly recently delivered Independent Engineering Report. 
 “Pro Forma Basis” means, with respect to
any Person, for any events described below that occur subsequent to the commencement of a period for which the financial effect of such events is being calculated, and giving effect to the events for which such calculation is being made, such
calculation as will give pro forma effect to such events as if such events occurred on the first day of the four consecutive fiscal quarter period ended on or before the occurrence of such event (the “Reference Period”): (i) in
making any determination of EBITDAX, effect shall be given to any Disposition, acquisition, Investment, merger, amalgamation, consolidation, any Restricted Payment, any designation of any Subsidiary as an Unrestricted Subsidiary or a Restricted
Subsidiary, and any other adjustments set forth in the definition of “EBITDAX” (the foregoing, together with any transactions related thereto or in connection therewith, the “relevant transactions”), in each case, that
occurred during the Reference Period or thereafter and through and including the date upon which the applicable Restricted Payment or the incurrence of the applicable Indebtedness or Liens is consummated, (ii) in making any determination on a
Pro Forma Basis, (A) all Indebtedness (including Indebtedness issued, incurred or assumed as a result of, or to finance, any relevant transactions and for which the financial effect is being calculated, but excluding normal fluctuations in
revolving Indebtedness incurred for working capital purposes and not to finance any acquisition) issued, incurred, assumed or permanently repaid during the Reference Period or thereafter (through and including the date upon which the applicable
Restricted Payment or the incurrence of the applicable Indebtedness or Liens is consummated) shall be deemed to have been issued, incurred, assumed or permanently repaid at the beginning of such period and (B) Interest Expense of such person
attributable to interest on any Indebtedness, for which pro forma effect is being given as provided in preceding clause (A), bearing floating interest rates shall be computed on a Pro Forma Basis as if the rates that would have been in effect during
the period for which pro forma effect is being given had been actually in effect during such periods and (iii) any designation of a Subsidiary as an Unrestricted Subsidiary or Restricted Subsidiary shall be given effect as of the first day of
the relevant Reference Period. 
 “Pro Rata Share” means, with respect to any Lender, the ratio (expressed as a percentage)
of the outstanding Advances owing to such Lender to the aggregate outstanding Advances owing to all such Lenders. 

“Property” of any Person means any property or assets (whether real, personal, or mixed, tangible or intangible) of such
Person. 

  
 32 

 “Proven Reserves” means oil and gas mineral interests that, in accordance with
the O&G Definitions, are classified as “Proven Reserves” in the most recently delivered Independent Engineering Report. 

“Purchase Agreement” means that certain Purchase Agreement dated as of July 29, 2017 between the Seller and Penn
Virginia Oil & Gas, L.P. 
 “Qualified Equity Interests” means any Equity Interests that are not Disqualified
Equity Interests. 
 “Quarterly Reporting Package” has the meaning set forth in Section 5.06(b). 

“Realty Collateral” has the meaning set forth in the Mortgages. 

“Recipient” means (a) the Administrative Agent, and (b) any Lender, as applicable. 

“Reference Period” has the meaning set forth in the definition of “Pro Forma Basis”. 

“Reference Rate” means the rate published by The Wall Street Journal (or any successor publication), from time to time as the
“U.S. prime lending rate”. 
 “Reference Rate Advance” means an Advance which bears interest as provided in
Section 2.08(a). 
 “Register” has the meaning set forth in Section 9.07(c) hereof. 

“Regulation U” mean Regulation U of the Federal Reserve Board, as the same is from time to time in effect, and all official
rulings and interpretations thereunder or thereof. 
 “Regulations T, U, and X” mean Regulations T, U, and X of the Federal
Reserve Board, as the same is from time to time in effect, and all official rulings and interpretations thereunder or thereof. 

“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. 

“Release” or “Released” means any depositing, spilling, leaking, seepage, pumping, pouring, placing,
emitting, discarding, abandoning, emptying, discharging, dispersing, injecting, escaping, leaching, dumping, disposing, emanating, or migrating of any Hazardous Material in, into, onto or through the Environment. 

“Resignation Effective Date” has the meaning set forth in Section 8.06(a) hereof. 

“Response” shall have the meaning set forth in CERCLA or under any other Environmental Law. 

  
 33 

 “Responsible Officer” means (a) with respect to any Person that is a
corporation, such Person’s Chief Executive Officer, President, Chief Financial Officer, or Vice President, (b) with respect to any Person that is a limited liability company, a manager or the Responsible Officer of such Person’s
managing member or manager, and (c) with respect to any Person that is a general partnership or a limited liability partnership, the Responsible Officer of such Person’s general partner or partners. 

“Restricted Payment” means, with respect to any Person, any direct or indirect dividend or distribution (whether in cash,
securities or other Property) or any direct or indirect payment of any kind or character (whether in cash, securities or other Property) on account of any Equity Interest of such Person, including in consideration for or otherwise in connection with
any retirement, purchase, redemption or other acquisition of any Equity Interest of such Person, or any options, warrants or rights to purchase or acquire any such Equity Interest of such Person; provided that the term “Restricted
Payment” shall not include any dividend or distribution payable solely in common Equity Interests of such Person or warrants, options or other rights to purchase such common Equity Interests. 

“Restricted Subsidiary” means any Subsidiary of Holdings that is not an Unrestricted Subsidiary. 

“Returns” has the meaning set forth in Section 4.10(b). 

“Revolver Amendment” means an amendment to the First Lien Credit Agreement which permits inter alia the incurrence of
the Indebtedness hereunder and the terms thereof, and the granting of the liens on the Collateral with the priority contemplated in the Loan Documents, in each case, in a manner reasonably acceptable to the Administrative Agent. 

“Sanctioned Country” means at any time, a country or territory which is itself the subject or target of any Sanctions. 

“Sanctioned Person” means, at any time, (a) any Person listed in any Sanctions-related list of designated Persons
maintained by OFAC, the U.S. Department of State, the United Nations Security Council, the European Union, Her Majesty’s Treasury, or other relevant sanctions authority, (b) any Person operating, organized or resident in a Sanctioned
Country or (c) any Person owned or controlled by any such Person or Persons described in clauses (a) and (b). 

“Sanctions” means economic or financial sanctions or trade embargoes imposed, administered or enforced from time to time by
the U.S. government (including those administered by OFAC), the European Union, Her Majesty’s Treasury, or other relevant sanctions authority. 

“SEC” means the United States Securities and Exchange Commission. 

“Secured Parties” means the Administrative Agent, the Collateral Agent and the Lenders. 

  
 34 

 “Security Agreement” means the Pledge and Security Agreement, in substantially
the form of the attached Exhibit G, executed by the Borrower, any of its Restricted Subsidiaries, or any of the Guarantors, and if applicable, the Collateral Agent. 

“Security Instruments” means, collectively, (a) the Mortgages, (b) the Security Agreement, (c) the Account
Control Agreements, (d) each other agreement, instrument or document executed at any time in connection with the documents and agreements listed in (a) through (c) above, and (e) each other agreement, instrument or document executed
at any time in connection with securing the Obligations. 
 “Seller” means Devon Energy Production Company, L.P., an
Oklahoma limited partnership. 
 “Solvent” means, with respect to the Borrower and its Subsidiaries on a consolidated basis
as of the date of any determination, that on such date (a) the fair value of the assets of the Borrower and its Subsidiaries, on a consolidated basis, exceeds, on a consolidated basis, their liabilities, contingent or otherwise, (b) the
present fair saleable value of the assets of the Borrower and its Subsidiaries, on a consolidated basis, is greater than the amount that will be required to pay the probable liability, on a consolidated basis, of their debts as such debts become
absolute and matured, (c) the Borrower and its Subsidiaries on a consolidated basis, are able to pay their debts and liabilities, contingent or otherwise, as such liabilities mature in the ordinary course of business, and (d) the Borrower
and its Subsidiaries, on a consolidated basis, are not engaged in, and are not about to engage in, business for which they have unreasonably small capital. In computing the amount of contingent liabilities at any time, such liabilities shall be
computed at the amount which, in light of the facts and circumstances existing at such time, represents the amount that can reasonably be expected to become an actual or matured liability.  

“Specified Representations” means those representations and warranties of the Borrower and the Guarantors in Sections 4.01,
4.02, 4.04, 4.09, 4.19, 4.22 and 4.29. 
 “Strip Prices” means, as of any date of determination, the forward month prices
as of the last Business Day of the fiscal year or fiscal quarter of Holdings immediately preceding such date of determination for the most comparable hydrocarbon commodity applicable to such future production month for a five-year period (or such
shorter period if forward month prices are not quoted for a reasonably comparable hydrocarbon commodity for the full five year period), with such price held flat for each subsequent year based on the average forward month price for each of the
twelve months in such fifth year, as such prices are (a) quoted on the NYMEX (or its successor) as of the date of determination and (b) adjusted, in good faith by the Borrower, for any basis differential as of the date of determination,
without future escalation; provided that with respect to estimated future production for which prices are defined, within the meaning of SEC guidelines, by contractual arrangements excluding escalations based upon future conditions, then such
contract prices shall be applied to future production subject to such arrangements. 
 “Subsidiary” means, with respect to
any Person (the “parent”) at any date, any other Person the accounts of which would be consolidated with those of the parent in the parent’s consolidated financial statements if such financial statements were prepared in
accordance with 

  
 35 

 
GAAP as of such date, as well as any Person, a majority of whose outstanding Voting Securities (other than directors’ qualifying shares) shall at any time be owned by such parent or one or
more Subsidiaries of such parent. Unless otherwise specified, all references herein to a “Subsidiary” or to “Subsidiaries” shall refer to a Subsidiary or Subsidiaries of Holdings. 

“Synthetic Lease” means any synthetic lease, tax retention operating lease,
off-balance sheet loan or similar off-balance sheet financing product where such transaction is considered borrowed money indebtedness for tax purposes but is classified
as an Operating Lease in accordance with GAAP. 
 “Tax Group” has the meaning set forth in Section 4.10(a). 

“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. 

“Termination Event” means the occurrence of any of the following: (a) a “reportable event” described in
Section 4043 of ERISA with respect to a Pension Plan for which the thirty (30) day notice requirement has not been waived by the PBGC, or (b) the failure with respect to any Pension Plan to make the “minimum required
contribution” (as defined in Section 430 of the Code or Section 303 of ERISA), or (c) the filing pursuant to Section 412(c) of the Code or Section 302(c) of ERISA of an application for a waiver of the minimum funding
standard with respect to any Pension Plan, or (d) the withdrawal of any Loan Party or any ERISA Affiliate from a Pension Plan during a plan year in which it was a “substantial employer” as defined in Section 4001(a)(2) of ERISA
or a cessation of operations that is treated as such a withdrawal under Section 4062(e) of ERISA, or (e) the termination of a Pension Plan, the filing of a notice of intent to terminate a Pension Plan or the treatment of a Pension Plan
amendment as a termination, under Section 4041 of ERISA, or (f) the institution of proceedings to terminate, or the appointment of a trustee with respect to, any Pension Plan by the PBGC, or (g) the occurrence of any event or
condition which might constitute grounds under Section 4042(a) of ERISA for the termination of, or the appointment of a trustee to administer, any Pension Plan, or (h) the imposition of a Lien pursuant to Section 430(k) of the Code or
Section 303 of ERISA, or (i) the determination that any Pension Plan or Multiemployer Plan is considered an at-risk plan or a plan in endangered or critical status with the meaning of Sections 430,
431 or 432 of the Code or Sections 303, 304 or 305 of ERISA, or (j) the partial or complete withdrawal of any Loan Party or any ERISA Affiliate from a Multiemployer Plan, or (k) the receipt by any Loan Party or any of its ERISA Affiliates
from a Multiemployer Plan of any notice concerning the imposition of withdrawal liability or a determination that a Multiemployer Plan is, or is expected to be, “insolvent” (within the meaning of Section 4245 of ERISA) or in
“reorganization” (within the meaning of Section 4241 of ERISA), or (l) any event or condition which results in the termination of a Multiemployer Plan under Section 4041A of ERISA or the institution by PBGC of proceedings to
terminate a Multiemployer Plan under Section 4042 of ERISA, or (m) the imposition of any liability under Title IV of ERISA, other than for PBGC premiums due but not delinquent under Section 4007 of ERISA, upon any Loan Party or any
ERISA Affiliate. 
 “Trade Date” has the meaning set forth in Section 9.07(b)(i) hereof. 

  
 36 

 “Treasury Management Arrangement” means any agreement or other arrangement
governing the provision of treasury or cash management services, including Deposit Accounts, overdraft, credit or debit card, funds transfer, automated clearinghouse, zero balance accounts, returned check concentration, controlled disbursement,
lockbox, account reconciliation and reporting and trade finance services and other cash management services. 
 “Treasury
Rate” means, as of any prepayment date, the yield to maturity as of such prepayment date of United States Treasury securities with a constant maturity (as compiled and published in the most recent Federal Reserve Statistical Release H.15
(519) that has become publicly available at least two Business Days prior to the prepayment date (or, if such Statistical Release is no longer published, any publicly available source of similar market data)) most nearly equal to the period from the
prepayment date to the first anniversary of the Closing Date. 
 “Type” has the meaning set forth in Section 1.04.

 “U.S. Person” means any Person that is a “United States Person” as defined in Section 7701(a)(30)
of the Code. 
 “U.S. Tax Compliance Certificate” has the meaning set forth in Section 2.13(f)(ii)(B) hereof. 

“UCC” shall mean the Uniform Commercial Code as the same may, from time to time, be in effect in the State
of New York; provided, however, in the event that, by reason of mandatory provisions of law, any or all of the attachment, perfection or priority of the security interest in any Collateral is governed by the Uniform Commercial Code as in
effect in a jurisdiction other than the State of New York, the term “UCC” shall mean the Uniform Commercial Code as in effect in such other jurisdiction for purposes of the provisions hereof relating to such attachment,
perfection or priority and for purposes of definitions related to such provisions. 
 “Unrestricted Subsidiary” means any
Subsidiary of Holdings that is designated by the Board of Directors of Holdings as an Unrestricted Subsidiary pursuant to a resolution of such Board of Directors, but only to the extent that such Subsidiary: 

(a)    has no Indebtedness other than Non-Recourse Debt; 

(b)     except as permitted by Section 6.08, is not party to any agreement, contract, arrangement or understanding
with Holdings, the Borrower or any Restricted Subsidiary unless the terms of any such agreement, contract, arrangement or understanding are no less favorable to Holdings, the Borrower or such Restricted Subsidiary than those that might be obtained
at the time from Persons who are not Affiliates of Holdings; 
 (c)    is a Person with respect to which none of
Holdings, the Borrower nor any of the Restricted Subsidiaries has any direct or indirect obligation (i) to subscribe for additional Equity Interests or (ii) to maintain or preserve such Person’s financial condition or to cause such
Person to achieve any specified levels of operating results; and 

  
 37 

 (d)     has not guaranteed or otherwise directly or indirectly provided
credit support for or otherwise become restricted pursuant to the terms of any Indebtedness of Holdings, the Borrower or any of the Restricted Subsidiaries. 

“Voting Securities” means (a) with respect to any corporation (including any unlimited liability company), capital stock
of such corporation having general voting power under ordinary circumstances to elect directors of such corporation (irrespective of whether at the time stock of any other class or classes shall have or might have special voting power or rights by
reason of the happening of any contingency), (b) with respect to any partnership, any partnership interest or other ownership interest having general voting power to elect the general partner or other management of the partnership or other Person,
and (c) with respect to any limited liability company, membership certificates or interests having general voting power under ordinary circumstances to elect managers (or the individuals performing similar functions) of such limited liability
company. 
 “Withholding Agent” means any Loan Party and the Administrative Agent. 

“Write-Down and Conversion Powers” means, 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. 
 “Zero Balance Account” means a zero balance account of a
Loan Party maintained with any commercial bank; provided that, (a) such account must have the zero balance function active at all times, (b) no Loan Party may have the ability to disable the zero balance function on such
account, and (c) such account may not contain a balance of more than $0 for more than twenty four hours (for the avoidance of doubt, (i) zero balance accounts shall be considered Deposit Accounts and (ii) should any Deposit Account
fail to meet any of the requirements in the foregoing proviso, then such Deposit Account shall cease to be a Zero Balance Account at such time and shall be subject to the applicable requirements of Section 6.23). 

Section 1.02    Computation of Time Periods. In this Agreement, with respect to the computation of periods of
time from a specified date to a later specified date, the word “from” means “from and including” and the words “to” and “until” each means “to but excluding”. 

Section 1.03    Accounting Terms; Changes in GAAP. Except as otherwise expressly provided herein, all
accounting terms used herein shall be interpreted, and all financial statements and certificates and reports as to financial matters required to be delivered to the Lenders hereunder shall (unless otherwise disclosed to the Lenders in writing at the
time of delivery thereof) be prepared, in accordance with GAAP applied on a basis consistent with those used in the preparation of the latest financial statements furnished to the Lenders hereunder. All calculations made for the purposes of
determining compliance with this Agreement shall (except as otherwise expressly provided herein) be made by application of GAAP applied on a basis consistent with those used in the preparation of the annual or quarterly financial statements
furnished to the Lenders pursuant to Section 5.06 hereof most recently delivered prior to or concurrently with such calculations. If at any time any change in GAAP would affect the 

  
 38 

 
computation of any financial ratio or requirement set forth herein, and either the Borrower or the Majority 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 Majority Lenders); provided that, until so amended, (a) such ratio or
requirement shall continue to be computed in accordance with GAAP prior to such change therein, and (b) 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. In addition, all calculations and defined accounting terms
used herein shall, unless expressly provided otherwise, when referring to any Person, refer to such Person on a consolidated basis and mean such Person and its consolidated subsidiaries. Notwithstanding anything to the contrary in this Agreement or
any other Loan Document, for purposes of calculations made pursuant to the terms of this Agreement or any other Loan Document, GAAP will be deemed to treat leases that would have been classified as operating leases under generally accepted
accounting principles in the United States of America as in effect on December 31, 2016 in a manner consistent with the treatment of such leases under generally accepted accounting principles in the United States of America as in effect on
December 31, 2016, notwithstanding any modifications or interpretive changes thereto that may occur thereafter. 

Section 1.04    Types of Advances. Advances are distinguished by “Type.” The “Type” of an
Advance refers to the determination whether such Advance is a Eurodollar Rate Advance or Reference Rate Advance as determined in accordance with Section 2.02. 

Section 1.05    UCC Terms. Terms defined in the UCC in effect on the date hereof and not otherwise defined
herein shall, unless the context otherwise indicates, have the meanings provided by those definitions. Subject to the foregoing, the term “UCC” refers, as of any date of determination, to the UCC then in effect. 

Section 1.06    Rounding. Any financial ratios required to be maintained 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 or percentage is expressed herein and rounding the result up or down to the nearest number
(with a rounding-up if there is no nearest number). 

Section 1.07    Guarantees. Unless otherwise specified, the amount of any Guarantee shall be the lesser of the
principal amount of the obligations guaranteed and still outstanding and the maximum amount for which the guaranteeing Person may be liable pursuant to the terms of the instrument embodying such Guarantee. 

Section 1.08    Miscellaneous. The definitions of terms herein shall apply equally to the singular and plural
forms of the terms defined. Whenever the context may require, any pronoun shall include the corresponding masculine, feminine and neuter forms. The words “include,” “includes” and “including” shall be deemed to be
followed by the phrase “without limitation.” The word “will” shall be construed to have the same meaning and effect as the word “shall.” Unless the context requires otherwise (a) any definition of or reference to
any agreement, 

  
 39 

 
instrument or other document herein shall be construed as referring to such agreement, instrument or other document as from time to time amended, supplemented or otherwise modified (subject to
any restrictions on such amendments, supplements or modifications set forth herein), (b) any reference herein to any Person shall be construed to include such Person’s successors and assigns, (c) the words “herein,”
“hereof” and “hereunder,” and words of similar import, shall be construed to refer to this Agreement in its entirety and not to any particular provision hereof, (d) all references herein to Articles, Sections, Exhibits and
Schedules shall be construed to refer to Articles and Sections of, and Exhibits and Schedules to, this Agreement, (e) any reference to any law or regulation herein shall, unless otherwise specified, refer to such law or regulation as amended,
modified or supplemented from time to time, and (f) the words “asset” and “property” shall be construed to have the same meaning and effect and to refer to any and all tangible and intangible assets and properties, including
cash, securities, accounts and contract rights. Titles and captions of Articles, Sections and subsections in, and the table of contents of, this Agreement are for convenience only, and neither limit nor amplify the provisions of this Agreement. 

ARTICLE II 
 TERM LOAN

 Section 2.01    Commitment for Advances. 

(a)    Advances. Each Lender severally agrees, on the terms and conditions set forth in this Agreement, to make a
single Advance to the Borrower on the Closing Date in an amount for each Lender equal to such Lender’s Commitment. Any Advances repaid may not be reborrowed. 

(b)    Evidence of Indebtedness. The Advances 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 the Lenders shall be conclusive absent manifest error of the amount of the
Advances made by such 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 to the Borrower made through the Administrative Agent, the Borrower shall execute and deliver to such Lender (through the Administrative Agent) the
applicable Notes which shall evidence such Lender’s Advances to the Borrower in addition to such accounts or records. Each Lender may attach schedules to such Notes and endorse thereon the date, Type (if applicable), amount, and maturity of its
Advances and payments with respect thereto. 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. Notwithstanding anything to the contrary herein, in the event of a conflict between this Section 2.01(b), on the one hand, and the Register or Participant
Register provisions of Sections 9.07(c) or (d), on the other hand, such provisions of Sections 9.07(c) or (d), as applicable, shall govern. 

  
 40 

 Section 2.02    Method of Borrowing. 

(a)    Notice. The Borrowing on the Closing Date shall be made pursuant to a Notice of Borrowing given by Borrower
to Administrative Agent not later than (i) 12:00 p.m. (New York City time) on the second Business Day before the date of the proposed Borrowing, in the case of a Eurodollar Rate Advance or (ii) 11:00 a.m. (New York City time) on the Business Day of
the proposed Borrowing, in the case of a Reference Rate Advance, which shall give to each Lender prompt notice of such proposed Borrowing, by facsimile or by electronic mail. The Notice of Borrowing shall be by facsimile or by electronic mail (with
a PDF file of the executed Notice of Borrowing attached), specifying (i) the requested date of such Borrowing (which shall be a Business Day), (ii) the requested Type of Advances comprising such Borrowing, (iii) the aggregate amount of
such Borrowing, and (iv) if such Borrowing is to be comprised of Eurodollar Rate Advances, the requested Interest Period for each such Advance; provided that, all Borrowings to be made on the Closing Date shall consist only of Reference
Rate Advance (which may, subject to the terms of this Agreement, be thereafter Converted into Eurodollar Rate Advances) unless a breakfunding agreement reasonably satisfactory to the Administrative Agent has been executed by the Borrower concurrent
with the delivery of such Notice of Borrowing. In the case of a proposed Borrowing comprised of Eurodollar Rate Advances, the Administrative Agent shall promptly notify each Lender of the applicable interest rate under Section 2.08(b). Each
Lender shall, before 1:00 p.m. (New York City time) on the date of such Borrowing, make available for the account of its applicable Lending Office to the Administrative Agent at its address referred to in Section 9.09, or such other location as
the Administrative Agent may specify by notice to the Lenders, in same day funds, such Lender’s pro rata share of such Borrowing. After the Administrative Agent’s receipt of such funds and upon fulfillment of the applicable conditions set
forth in Article III, the Administrative Agent will make such funds available to the Borrower at its account with the Administrative Agent or as otherwise directed by the Borrower with written notice to the Administrative Agent. 

(b)    Conversions and Continuations. In order to elect to Convert or continue an Advance under this paragraph, the
Borrower shall deliver an irrevocable Notice of Conversion or Continuation to the Administrative Agent at the Administrative Agent’s office no later than 11:00 a.m. (New York City time) (i) on the Business Day of the proposed Conversion
date in the case of a Conversion to a Reference Rate Advance and (ii) at least three Business Days in advance of the proposed Conversion or continuation date in the case of a Conversion to, or a continuation of, a Eurodollar Rate Advance. Each
such Notice of Conversion or Continuation shall be in writing or by facsimile or by electronic mail (with a PDF file of the executed Notice of Conversion or Continuation attached), specifying (i) the requested Conversion or continuation date
(which shall be a Business Day), (ii) the amount and Type of the Advance to be Converted or continued, (iii) whether a Conversion or continuation is requested and, if a Conversion, into what Type of Advance, and (iv) in the case of a
Conversion to, or a continuation of, a Eurodollar Rate Advance, the requested Interest Period. Promptly after receipt of a Notice of Conversion or Continuation under this paragraph, the Administrative Agent shall provide each Lender with a copy
thereof and, in the case of a Conversion to or a continuation of a Eurodollar Rate Advance, notify each Lender of the applicable interest rate under Section 2.08(b). The portion of Advances comprising part of the same Borrowing that are
Converted to Advances of another Type shall constitute a new Borrowing. 

  
 41 

 (c)    Certain Limitations. Notwithstanding anything to the contrary
contained in paragraphs (a) and (b) above: 
 (i)    at no time shall there be more than eight
Interest Periods applicable to outstanding Eurodollar Rate Advances; 
 (ii)    if any Lender shall, at
least one Business Day before the date of any requested Borrowing, Conversion, or continuation, notify the Administrative Agent that the introduction of any Legal Requirement after the date hereof, or any change in or in the interpretation of any
Legal Requirement as in effect on the date hereof, makes it unlawful, or that any central bank or other Governmental Authority asserts that it is unlawful, for such Lender or its Lending Office to perform its obligations under this Agreement to make
Eurodollar Rate Advances or to fund or maintain Eurodollar Rate Advances, the right of the Borrower to select Eurodollar Rate Advances from such Lender shall be suspended until such Lender shall notify the Administrative Agent that the circumstances
causing such suspension no longer exist, and the Advance made by such Lender in respect of such Borrowing, Conversion, or continuation shall be a Reference Rate Advance; 

(iii)    if the Administrative Agent is unable to determine the Eurodollar Rate for Eurodollar Rate
Advances comprising any requested Borrowing, the right of the Borrower to select Eurodollar Rate Advances for such Borrowing or for any subsequent Borrowing shall be suspended until the Administrative Agent shall notify the Borrower and the Lenders
that the circumstances causing such suspension no longer exist, and each Advance comprising such Borrowing shall be a Reference Rate Advance; 

(iv)    if the Majority Lenders shall, at least one Business Day before the date of any requested
Borrowing, notify the Administrative Agent that the Eurodollar Rate for Eurodollar Rate Advances comprising such Borrowing will not adequately reflect the cost to such Lenders of making or funding their respective Eurodollar Rate Advances, as the
case may be, for such Borrowing, the right of the Borrower to select Eurodollar Rate Advances for such Borrowing or for any subsequent Borrowing shall be suspended until the Administrative Agent shall notify the Borrower and the Lenders that the
circumstances causing such suspension no longer exist, and each Advance comprising such Borrowing shall be a Reference Rate Advance; 

(v)    if the Borrower shall fail to select the duration or continuation of any Interest Period for any
Eurodollar Rate Advances in accordance with the provisions contained in the definition of “Interest Period” in Section 1.01 and paragraph (b) above, the Administrative Agent shall forthwith so notify the Borrower and the Lenders
and such Advances shall be made available to the Borrower on the date of such Borrowing as Eurodollar Rate Advances with an Interest Period of one month or, if an existing Advance, Convert into Reference Rate Advances; and 

  
 42 

 (vi)    no Borrowing may be made as, continued as or
Converted into, Eurodollar Rate Advances at any time that a Default has occurred and is continuing. 
 (d)    Notices
Irrevocable. Each Notice of Borrowing and Notice of Continuation or Conversion delivered by the Borrower hereunder shall be irrevocable and binding on the Borrower. 

(e)    Funding by Lenders; Administrative Agent Reliance. Unless the Administrative Agent shall have received
notice from a Lender, prior to the date any payment is required to be made by it to the Administrative Agent hereunder, that such Lender will not make such payment, the Administrative Agent may assume that such Lender has timely made such payment
and the Administrative Agent may (and in the case of the Borrowing on the Closing Date, shall), in reliance upon such assumption, make available a corresponding amount to the Person entitled thereto. If and to the extent that such Lender shall not
have so made such payment available to the Administrative Agent, such Lender agrees to immediately repay to the Administrative Agent on demand such corresponding amount, together with interest on such amount, for each day from the date such amount
is made available to the applicable Person until the date such amount is repaid to the Administrative Agent, at the lesser of (i) the greater of the Federal Funds Rate and a rate determined by the Administrative Agent in accordance with banking
industry rules on interbank compensation and (ii) the Maximum Rate. If such Lender shall repay to the Administrative Agent such corresponding amount and interest as provided above, such corresponding amount so repaid shall constitute such
Lender’s payment required hereunder for purposes of this Agreement even though not made on the day required hereunder. 

(f)    Payments by Borrower; Presumptions by Administrative Agent. Unless the Administrative Agent shall have
received notice from the Borrower prior to the date on which any payment is due to the Administrative Agent for the account of the Lenders hereunder that the Borrower will not make such payment, the Administrative Agent may assume that the Borrower
has made such payment on such date in accordance herewith and may, in reliance upon such assumption, distribute to the Lenders the amount due. In such event, if the Borrower has not in fact made such payment, then each of the Lenders severally
agrees to repay to the Administrative Agent forthwith on demand the amount so distributed to such Lender, with interest thereon, for each day from and including the date such amount is distributed to it to but excluding the date of payment to the
Administrative Agent, at the lesser of (i) the greater of the Federal Funds Rate and a rate determined by the Administrative Agent in accordance with banking industry rules on interbank compensation and (ii) the Maximum Rate. 

Section 2.03    Termination of the Commitments. The Commitments shall terminate on the Closing Date (after
giving effect to the Borrowing occurring on such date). 
 Section 2.04    Prepayment of Advances. 

(a)    Optional. The Borrower shall have no right to optionally prepay any principal amount of any Advance except as
provided in this Section 2.04(a) and all notices given pursuant to this Section 2.04(a) shall be irrevocable and binding upon the Borrower (provided that any such notice as to the repayment in full of all outstanding Advances may
state that such 

  
 43 

 
notice is conditioned upon the effectiveness of other credit facilities, 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). Each payment of any Advance pursuant to this Section 2.04(a) shall be made in a manner such that all Advances comprising part of the same Borrowing are paid in whole or ratably in
part other than Advances owing to a Defaulting Lender as provided in Section 2.15. The Borrower may, to the extent permitted under the First Lien Credit Agreement and the Intercreditor Agreement, prepay the Advances, after giving by 12:00 p.m.
(New York City time), (i) in the case of Eurodollar Rate Advances, at least three Business Days’ or (ii) in the case of Reference Rate Advances, same Business Day irrevocable prior written notice to the Administrative Agent stating the
proposed date and aggregate principal amount of such prepayment. If any such notice is given, the Borrower shall prepay the Advances in whole or ratably in part in an aggregate principal amount equal to the amount specified in such notice, together
with accrued and unpaid interest to the date of such prepayment on the principal amount prepaid, any Applicable Premium, and amounts if any, required to be paid pursuant to Section 2.10; provided, however, that each partial
prepayment with respect to: (A) any amounts prepaid in respect of Eurodollar Rate Advances shall be applied to Eurodollar Rate Advances comprising part of the same Borrowing; (B) any prepayments made in respect of Reference Rate Advances
shall be made in a minimum amount of $1,000,000 and in integral multiples of $500,000 in excess thereof, and (C) any prepayments made in respect of any Borrowing comprised of Eurodollar Rate Advances shall be made in an aggregate principal
amount of at least $2,000,000 and in integral multiples of $500,000 in excess thereof. 
 (b)    Mandatory Offers to
Prepay Loans. 
 (i)    If any Loan Party receives Net Cash Proceeds from any Disposition or any
Casualty Event (other than Dispositions permitted by Sections 6.04(c)(i) through (iv), (vi) and (vii)), to the extent it is not required (whether as a condition to making the Asset Sale Prepayment or otherwise) to apply an amount equal to such Net
Cash Proceeds to prepay or cash collateralize obligations under the First Lien Credit Agreement, the Borrower shall, within 20 days from the date of receipt of such Net Cash Proceeds (the “Asset Sale Proceeds Prepayment Date”)
(subject to Section 2.04(b)(iii)), prepay (or cause to be prepaid) (an “Asset Sale Prepayment”) the aggregate outstanding principal amount of Advances plus the accrued but unpaid interest thereon to the Asset Sale Proceeds
Prepayment Date plus the Applicable Premium, if any, that may be paid with an amount equal to 100% of such Net Cash Proceeds. 

(ii)    On or prior to the date which is 30 days after the occurrence of a Change in Control, the Borrower
shall offer to prepay (or cause to be offered to be prepaid) (a “Change in Control Offer”) all (and not less than all) of the Advances outstanding hereunder. The Change in Control Offer shall (i) describe the facts and
circumstances of such Change in Control in reasonable detail, (ii) make reference to this Section 2.04(b)(ii) and state that, unless such Lender makes a declaration of its intent to have its Advances prepaid as provided below, the
principal amount of such Advances shall not be prepaid, (iii) specify the date (the “Change in Control Response Date”) by which such Lender must respond to such Change in Control Offer pursuant to this Section 2.04(b)(ii)
in order 

  
 44 

 
to have its Advances prepaid (which shall not be earlier than ten days after delivery of the Change in Control Offer). The Administrative Agent will promptly notify each Lender of the contents of
the Borrower’s Change in Control Offer, and of the amount of such Lender’s Pro Rata Share of the prepayment. All Advances of each Lender shall be prepaid, together with accrued interest thereon and the Applicable Premium, if any, within 30
days after the delivery of the Change in Control Offer (the “Change in Control Payment Date”), if such Lender delivers to the Borrower no later than the Change in Control Response Date a notice (a “Change in Control
Declaration”) to prepay such Lender’s Advances. The Borrower shall prepay (or cause to be prepaid) in full on the Change in Control Payment Date all Loans for which a Change in Control Declaration has been issued, together with accrued
interest and the Applicable Premium thereon. In the event that a Change in Control Offer is given and any Lender fails to provide a Change in Control Declaration within the time period set forth above, the Advances of such Lender shall not be
prepaid. 
 (iii)    The Borrower shall notify the Administrative Agent in writing of any prepayment
pursuant to clause (i) of this Section 2.04(b) at least 15 days prior to the Asset Sale Proceeds Prepayment Date (or such shorter time as the Administrative Agent may agree). Each such notice shall specify the Asset Sale Proceeds
Prepayment Date and provide a reasonably detailed calculation of the amount of such prepayment. The Administrative Agent will promptly notify each Lender of the contents of the Borrower’s prepayment notice, and of the amount of such
Lender’s Pro Rata Share of the prepayment. Each Lender will have the right to refuse any prepayment pursuant to Section 2.04(b)(i) by giving written notice of such refusal to the Administrative Agent within ten days after such
Lender’s receipt of notice from the Administrative Agent of such notice of prepayment (such refused amounts, the “Declined Proceeds”). The Borrower shall make all such prepayments (other than Declined Proceeds) on the Asset
Sale Proceeds Prepayment Date. The Borrower may retain such Declined Proceeds and apply them in a manner not prohibited by this Agreement. 

(iv)    Each prepayment pursuant to this Section 2.04(b) shall be accompanied by accrued and unpaid
interest on the amount prepaid to the date of such prepayment and the Applicable Premium, if any, and amounts required to be paid pursuant to Section 2.10. Each prepayment under this Section 2.04(b) shall be applied to the Advances as
determined by the Administrative Agent and agreed to by the Lenders in their sole discretion. 

Section 2.05    Payment of Applicable Premium. With respect to each repayment or prepayment of Advances under
Sections 2.04(a) and 2.04(b)(ii), and if applicable, upon any acceleration of any of the Obligations pursuant to Sections 7.02 (whether or not such acceleration is upon demand or automatic, as a result of any event of default or a voluntary or
involuntary bankruptcy or insolvency proceeding, or for any other reason), in the event the obligations are satisfied or released by foreclosure (whether by power of judicial proceeding), deed in lieu of foreclosure, or by any other means, or
assignment of Advances of any Lender under Section 2.14, whether voluntary or mandatory, the Borrower shall be required to pay to the Administrative Agent for the ratable benefit of the Lenders with respect to each such Lender’s

  
 45 

 
Pro Rata Share of the amount of the Advances repaid, prepaid or assigned, in each case, concurrently with such repayment, prepayment or assignment the following amount (the “Applicable
Premium”): 
 (a)    in connection with any of the foregoing (other than a prepayment in accordance with a
Change in Control Offer) made (i) prior to the first anniversary of the Closing Date, a cash amount equal to the Make-Whole Amount, (ii) on or after the first anniversary of the Closing Date but
prior to the second anniversary of the Closing Date, a cash amount equal to the product of 100% of the principal amount of Advances being prepaid multiplied by 2.0%, (iii) on or after the second anniversary of the Closing Date but prior to the third
anniversary of the Closing Date, a cash amount equal to the product of 100% of the principal amount of Advances being prepaid multiplied by 1.0%; and (iv) on or after the third anniversary of the Closing Date, $0; and 

(b)    with respect to any prepayment in accordance with a Change in Control Offer made (i) prior to the second
anniversary of the Closing Date, a cash amount equal to the product of 100% of the principal amount of Advances being prepaid multiplied by 2.0%, (ii) on or after the second anniversary of the Closing Date but prior to the third anniversary of the
Closing Date, a cash amount equal to the product of 100% of the principal amount of Advances being prepaid multiplied by 1.0%; and (iii) after the third anniversary of the Closing Date, $0. 

Section 2.06    Repayment of Advances. The Borrower shall repay to the Administrative Agent for the ratable
benefit of the Lenders the outstanding principal amount of each Advance, together with any accrued and unpaid interest thereon, on the Maturity Date or such earlier date pursuant to Section 7.02. 

Section 2.07    Fees. The Borrower agrees to pay to Jefferies Finance LLC the fees provided for in the Fee Letters.

 Section 2.08    Interest. The Borrower shall pay interest on the unpaid principal amount of each Advance
made by each Lender from the date of such Advance until such principal amount shall be paid in full, at the following rates per annum: 

(a)    Reference Rate Advances. Each Reference Rate Advance shall bear interest at the Adjusted Reference Rate in
effect from time to time plus the Applicable Margin for Reference Rate Advances in effect from time to time. The Borrower shall pay to Administrative Agent for the ratable account of each Lender all accrued but unpaid interest on such
Lender’s Reference Rate Advances, quarterly in arrears, on each March 31st, June 30th, September 30th, and December 31st commencing on December 31, 2017, on the date such Reference Rate Advance shall be paid in full. 

(b)    Eurodollar Rate Advances. Each Eurodollar Rate Advance shall bear interest during its Interest Period equal
to at all times the Eurodollar Rate for such Interest Period plus the Applicable Margin for Eurodollar Rate Advances for such period. The Borrower shall pay to the Administrative Agent for the ratable account of each Lender all accrued but
unpaid interest on each of such Lender’s Eurodollar Rate Advances on the last day of the Interest Period therefor (and in the case of a Eurodollar Rate Advance with an Interest Period of 

  
 46 

 
more than three months’ duration, on each day prior to the last day of such Interest Period that occurs at intervals of three months’ duration after the first day of such Interest
Period), on the date any Eurodollar Rate Advance is repaid. 
 (c)    Default Rate. Notwithstanding the
foregoing, (i) upon the occurrence and during the continuance of an Event of Default under Section 7.01(a), Section 7.01(c) (but only as to a breach of Section 5.06(i)), or Section 7.01(e), all overdue Obligations shall bear
interest, after as well as before judgment, at the Default Rate and (ii) upon the occurrence and during the continuance of any Event of Default (other than an Event of Default addressed in the foregoing clause (i)), upon the request of the
Majority Lenders, all overdue Obligations shall bear interest, after as well as before judgment, at the Default Rate. Interest accrued pursuant to this Section 2.08(c) and all interest accrued but unpaid on or after the Maturity Date shall be
due and payable on demand (and if no such demand is made, then due and payable on the otherwise due dates provided herein or if no such due dates are provided herein on the last day of each calendar quarter). Interest shall continue to accrue on the
Obligations after the filing by or against any Loan Party of any petition seeking any relief in bankruptcy or under any Debtor Relief Law. 

Section 2.09    Illegality. If any Lender in its good faith judgment shall notify the Borrower that, after the
date hereof, the introduction of or any change in or in the interpretation of any Legal Requirement makes it unlawful, or that any central bank or other Governmental Authority asserts that it is unlawful, for such Lender or its applicable Lending
Office to perform its obligations under this Agreement to make, maintain, or fund any Eurodollar Rate Advances of such Lender then outstanding hereunder, (a) the Borrower shall, no later than 12:00 p.m. (New York City, time) (i) if not
prohibited by law, on the last day of the Interest Period for each outstanding Eurodollar Rate Advance or (ii) if required by such notice, on the second Business Day following its receipt of such notice, prepay all of the Eurodollar Rate
Advances of such Lender then outstanding, together with accrued but unpaid interest on the principal amount prepaid to the date of such prepayment and amounts, if any, required to be paid pursuant to Section 2.10 as a result of such prepayment
being made on such date, (b) such Lender shall simultaneously make a Reference Rate Advance to the Borrower on such date in an amount equal to the aggregate principal amount of the Eurodollar Rate Advances prepaid to such Lender, and
(c) the right of the Borrower to select Eurodollar Rate Advances from such Lender for any subsequent Borrowing shall be suspended until such Lender shall notify the Borrower that the circumstances causing such suspension no longer exist. Each
Lender agrees to use commercially reasonable efforts (consistent with its internal policies and legal and regulatory restrictions) to designate a different Lending Office if the making of such designation would avoid the effect of this paragraph and
would not, in the reasonable judgment of such Lender, be otherwise disadvantageous to such Lender. 

Section 2.10    Breakage Costs. 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 (including any deemed payment or repayment and any reallocated
repayment to Non-Defaulting Lenders provided for 

  
 47 

 
herein) of any Advance other than a Reference Rate Advance on a day other than the last day of the Interest Period for such Advance (whether voluntary, mandatory, automatic, by reason of
acceleration, or otherwise); provided that, the Borrower shall not be required to compensate such Lender for any such loss, cost or expense incurred by it as a result of any prepayment made by the Borrower pursuant to Section 2.04(c).

 (b)    any failure by the Borrower (for a reason other than the failure of such Lender to make an Advance) to prepay,
borrow, continue or Convert any Advance other than a Reference Rate Advance on the date or in the amount notified by the Borrower; or 

(c)    any assignment of an Eurodollar Rate Advance 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 2.14; 
 including any loss of anticipated profits, any foreign exchange losses and any loss or
expense arising from the liquidation or reemployment of funds obtained by it to maintain such Advance, from fees payable to terminate the deposits from which such funds were obtained or from the performance of any foreign exchange contract. 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 2.10, the requesting Lender shall
be deemed to have funded the Eurodollar Rate Advances made by it at the Eurodollar Base Rate used in determining the Eurodollar Rate for such Advance by a matching deposit or other borrowing in the offshore interbank market for Dollars for a
comparable amount and for a comparable period, whether or not such Eurodollar Rate Advance was in fact so funded. 

Section 2.11    Increased Costs. 

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

(i)    impose, modify, or deem applicable any reserve, special deposit, compulsory loan, insurance charge,
or similar requirement against assets of, deposits with or for the account of, or credit extended or participated in by, any Lender (or its applicable Lending Office) (except any reserve requirement included in the Eurodollar Rate Reserve
Percentage); 
 (ii)    subject any Recipient to any Taxes (other than (A) Indemnified Taxes,
(B) Taxes described in clauses (b) through (d) of the definition of Excluded Taxes and (C) Connection Income 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 its applicable
Lending Office) on the London interbank market any other condition, cost or expense (other than Taxes) affecting this Agreement or Advances made by such Lender; 

and the result of any of the foregoing shall be to increase the cost to such Lender (or its applicable Lending Office) or such other Recipient of making,
Converting to, continuing or 

  
 48 

 
maintaining any loan or of maintaining its obligation to make or accept and purchase any such loan, or to reduce the amount of any sum received or receivable by such Lender (or its applicable
Lending Office) or such other Recipient hereunder (whether of principal, interest or any other amount) then, upon request of such Lender or such other Recipient, the Borrower will pay to such Lender or such other Recipient, as the case may be, such
additional amount or amounts as will compensate such Lender or such other Recipient, as the case may be, for such additional costs incurred or reduction suffered. 

(b)    Capital/Liquidity Requirements. If any Lender determines that any Change in Law affecting such Lender or any
Lending Office of such Lender or such Lender’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 capital or on the capital of financial
institutions generally, including such Lender’s holding company or any corporation controlling such Lender, if any, as a consequence of this Agreement, the Commitments of such Lender or the Advances made by such Lender to a level below that
which such Lender, the corporation controlling such Lender, or such Lender’s holding company could have achieved but for such Change in Law (taking into consideration such Lender’s policies, the policies of the corporation controlling such
Lender, and the policies of such Lender’s holding company with respect to capital adequacy), then from time to time within ten Business Days after written demand by such Lender the Borrower shall pay to such Lender such additional amount or
amounts as will compensate such Lender, the corporation controlling such Lender, or such Lender’s holding company for any such reduction suffered. 

(c)    Certificate. Any Lender claiming compensation under this Section 2.11 shall furnish to the Borrower and
the Administrative Agent a statement setting forth the additional amount or amounts necessary to compensate such Lender as specified in paragraphs (a) and (b) of this Section 2.11 hereunder which shall be determined by such Lender in good
faith and which shall be conclusive in the absence of manifest error. In determining such amount, such Lender may use any reasonable averaging and attribution methods. The Borrower shall pay such Lender the amount shown as due on any such
certificate within 10 Business Days after receipt thereof. 
 (d)    Delay in Requests. Failure or delay on the
part of any Lender to demand compensation pursuant to this Section 2.11 shall not constitute a waiver of such Lender’s right to demand such compensation, provided that the Borrower shall not be required to compensate a Lender
pursuant to this Section 2.11 for any increased costs incurred or reductions suffered more than 270 days prior to the date that such Lender notifies the Borrower and the Administrative Agent of the Change in Law giving rise to such increased
costs or reductions and of such Lender’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 270-day period referred to above shall be extended
to include the period of retroactive effect thereof). 
 Section 2.12    Payments
and Computations. 
 (a)    Payments. Subject to
Section 2.13, all payments of principal, interest, and other amounts to be made by the Borrower under this Agreement and other Loan Documents shall be made to the Administrative Agent in Dollars and in immediately available funds, without
setoff, deduction, or counterclaim. 

  
 49 

 (b)    Payment Procedures. The Borrower shall make each payment under
this Agreement and under the Notes not later than 12:00 p.m. (New York City time) on the day when due in Dollars to the Administrative Agent at the location referred to in the Notes (or such other location as the Administrative Agent shall designate
in writing to the Borrower) in same day funds and, as to payments of principal, accompanied by a notice of optional payment from the Borrower, with appropriate insertions and executed by a Responsible Officer of the Borrower. The Administrative
Agent will promptly thereafter, and in any event prior to the close of business on the day any timely payment is made, cause to be distributed like funds relating to the payment of principal, interest or fees ratably (other than amounts payable
solely to the Administrative Agent or a specific Lender pursuant to Sections 2.09, 2.10, 2.11, 2.13, 2.14, and 9.02 and such other provisions herein which expressly provide for payments to a specific Lender, but after taking into account payments
effected pursuant to Section 7.04) in accordance with each Lender’s applicable pro rata share to the Lenders for the account of their respective applicable Lending Offices, and like funds relating to the payment of any other amount payable
to any Lender to such Lender for the account of its applicable Lending Office, in each case to be applied in accordance with the terms of this Agreement. Upon receipt of other amounts due solely to the Administrative Agent or a specific Lender, the
Administrative Agent shall distribute such amounts to the appropriate party to be applied in accordance with the terms of this Agreement. 

(c)    Non-Business Day Payments. Whenever any payment shall be stated to
be due on a day other than a Business Day, such payment shall be made on the next succeeding Business Day, and such extension of time shall in such case be included in the computation of payment of interest or fees, as the case may be;
provided that if such extension would cause payment of interest on or principal of Eurodollar Rate Advances to be made in the next following calendar month, such payment shall be made on the next preceding Business Day. 

(d)    Computations. Computations of interest shall be made by the Administrative Agent on the basis of,
(a) with respect to Eurodollar Rate Advances and Reference Rate Advances based on the Federal Funds Rate and the Eurodollar Rate, a year of 360 days and (b) with respect to Reference Rate Advances based on the Reference Rate, a year of
365/366 days, and (c) with respect to of all other interest and fees, on the basis of a year of 360 days, in each case, for the actual number of days (including the first day, but excluding the last day) occurring in the period for which such
interest or fees are payable. Each determination by the Administrative Agent of an amount of interest or fees shall be conclusive and binding for all purposes, absent manifest error. 

(e)    Sharing of Payments by Lenders. If any Lender shall, by exercising any right of setoff or counterclaim or
otherwise, obtain payment in respect of any principal of or interest on any of its Advances or other Obligations hereunder resulting in such Lender receiving payment of a proportion of the aggregate amount of its Advances and accrued but unpaid
interest thereon or other such Obligations greater than its pro rata share thereof as provided herein, then the Lender receiving such greater proportion shall (a) notify the Administrative 

  
 50 

 
Agent of such fact, and (b) take an assignment of, or purchase participations in, (in any event, for cash at face value) the Advances and such other Obligations of the other Lenders, or make
such other adjustments as shall be equitable, so that the benefit of all such payments shall be shared by the Lenders ratably in accordance with the aggregate amount of principal of and accrued but unpaid interest on their respective Advances and
other amounts owing them; provided that: 
 (i)    if any such participations are purchased and
all or any portion of the payment giving rise thereto is recovered, such participations shall be rescinded and the purchase price restored to the extent of such recovery, without interest; and 

(ii)    the provisions of this paragraph shall not be construed to apply to (x) any payment made by
the Borrower pursuant to and in accordance with the express terms of this Agreement (including any payments in connection with Section 2.04(b) or the application of funds arising from the existence of a Defaulting Lender), or
(y) any payment obtained by a Lender as consideration for the assignment of or sale of a participation in any of its Advances to any assignee or participant, other than to Holdings, the Borrower or any Subsidiary, or any Affiliate of any of the
foregoing (as to which the provisions of this paragraph shall apply). 
 Each Loan Party consents to the foregoing and agrees, to the extent it may
effectively do so under applicable Legal Requirement, that any Lender acquiring a participation pursuant to the foregoing arrangements may exercise against each Loan Party rights of setoff and counterclaim with respect to such participation as fully
as if such Lender were a direct creditor of each Loan Party in the amount of such participation. 
 Section
2.13    Taxes. 
 (a)    Payments Free of Taxes. Any and all payments by or on account
of any obligation of any Loan Party under any Loan Document shall be made without deduction or withholding for any Taxes, except as required by applicable Legal Requirement. If any applicable Legal Requirement (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 Legal Requirement and, if such Tax is an Indemnified Tax, then the sum payable by the applicable Loan Party shall be increased as
necessary so that after such deduction or withholding of Indemnified Taxes has been made (including such deductions and withholdings of Indemnified Taxes applicable to additional sums payable under this Section) the applicable Recipient receives an
amount equal to the sum it would have received had no such deduction or withholding been made. 
 (b)    Payment of
Other Taxes by Loan Parties. The Loan Parties shall timely pay to the relevant Governmental Authority in accordance with applicable Legal Requirement, or at the option of the Administrative Agent timely reimburse it for the payment of, any Other
Taxes. 

  
 51 

 (c)    Indemnification by Loan Parties. The Loan Parties shall jointly
and severally indemnify each Recipient, within 10 days after 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. 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,
shall be conclusive absent manifest error. 
 (d)    Indemnification by the Lenders. Each Lender shall severally
indemnify the Administrative Agent, within 10 days after demand therefor, for (i) any Indemnified Taxes attributable to such Lender (but only to the extent that any Loan Party has not already indemnified the Administrative Agent for such
Indemnified Taxes and without limiting the obligation of the Loan Parties to do so), (ii) any Taxes attributable to such Lender’s failure to comply with the provisions of Section 9.07 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 paragraph (e). 
 (e)    Evidence of Payments. As
soon as practicable after any payment of Taxes by any Loan Party to a Governmental Authority pursuant to this Section 2.13, such Loan Party 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. 

(f)    Status of Lenders. 

(i)    Any Lender 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 Legal Requirement 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. 

  
 52 

 
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 2.13(f)(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. 
 (ii)    Without limiting the
generality of the foregoing in the event that the Borrower is a U.S. Person, 
 (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), executed copies 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, executed copies of IRS Form W-8BEN-E (or IRS Form W-8BEN, 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, IRS Form
W-8BEN-E (or IRS Form W-8BEN, 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) executed copies 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 H-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) executed copies of IRS Form W-8BEN-E (or IRS Form W-8BEN, as applicable); or (iv) to the
extent a Foreign Lender is not the beneficial owner, executed copies of IRS Form W-8IMY, accompanied by IRS Form W-8ECI, IRS Form W-8BEN-E (or IRS Form W-8BEN, as applicable), a U.S. Tax Compliance Certificate substantially in the form of Exhibit H-2 or Exhibit H-3, IRS Form W-9, and/or other certification
documents from each beneficial owner, as applicable; provided that if the Foreign Lender is 

  
 53 

 
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 H-4 on behalf of each such direct and indirect partner; 

(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 copies of any other form prescribed by applicable Legal Requirement 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 Legal Requirement 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 Legal Requirement and at such time or times reasonably requested by the Borrower or the Administrative Agent such documentation prescribed by applicable Legal Requirement (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. 

For purposes of this Section 2.13(f), the Administrative Agent shall be treated as a Lender and required to deliver documentation to
Borrower as if it were a Lender. 
 (g)    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 as to which it has been indemnified pursuant to this Section 2.13 (including by the payment of
additional amounts pursuant to this Section 2.13), 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 with respect to

  
 54 

 
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 indemnifying party, upon the request of such indemnified party, shall repay to such indemnified party the amount paid over pursuant to this paragraph (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 paragraph (h), in no event will the indemnified party be required to pay any amount to an indemnifying party pursuant to this paragraph (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 paragraph 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. 
 (h)    Survival. Each party’s obligations
under this Section 2.13 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. 
 Section 2.14    Mitigation Obligations; Replacement of Lenders.

 (a)    Designation of a Different Lending Office. If any Lender requests compensation under Section 2.11,
or requires the Borrower to pay any Indemnified Taxes or additional amounts to any Lender or any Governmental Authority for the account of any Lender pursuant to Section 2.13, then such Lender shall (at the request of the Borrower) use
reasonable efforts to designate a different lending office for funding or booking its Advances 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 2.11 or 2.13, 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 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 Lender. If any Lender requests compensation under Section 2.11 or notifies the Borrower of
its inability to make, maintain, or fund any Eurodollar Rate Advances pursuant to Section 2.09, 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 2.13 and, in each case, such Lender has declined or is unable to designate a different lending office in accordance with Section 2.14(a), or if any Lender is a Defaulting Lender or a Non-Consenting Lender, then
the Borrower may, at its sole expense and effort (and in the case of a Defaulting Lender, the Administrative Agent may) 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 

  
 55 

 
by, Section 9.07), all of its interests, rights (other than its existing rights to payments pursuant to Section 2.11 or Section 2.13) 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)    as to assignments required by the Borrower, the Borrower shall have paid to the Administrative Agent
the assignment fee (if any) specified in Section 9.07, unless such fee has been waived by the Administrative Agent; 

(ii)    such Lender shall have received payment of an amount equal to the outstanding principal of its
applicable Advances, accrued but unpaid interest thereon, accrued but unpaid fees and all other amounts payable to it hereunder and under the other Loan Documents (including any amounts under Section 2.10 and with respect to any Non-Consenting
Lender, any Applicable Premium) from the assignee (to the extent of such outstanding principal and accrued but unpaid 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 2.11
or such Lender’s inability to make, maintain or fund Eurodollar Rate Advances pursuant to Section 2.09 or payments required to be made pursuant to Section 2.14, such assignment will result in a reduction in such compensation or
payments thereafter; 
 (iv)    such assignment does not conflict with any applicable Legal Requirement;
and 
 (v)    with respect to a Non-Consenting Lender, the proposed amendment, modification, waiver,
consent or release with respect to this Agreement or any other Loan Document has been approved by the Majority Lenders and such agreement, amendment, waiver, consent or release can be effected as a result of such assignment (and, if applicable, one
or more other assignments) contemplated by this Section. 
 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 or the Administrative Agent to require such assignment and delegation cease to apply. Solely for purposes of effecting any assignment involving a Defaulting
Lender or Non-Consenting Lender under this Section 2.14 and to the extent permitted under applicable Legal Requirements, each Lender hereby designates and appoints the Administrative Agent as true and lawful agent and attorney-in-fact, with full power and authority, for and on behalf of and in the name of such Lender to execute, acknowledge and deliver the Assignment and Acceptance
required hereunder if such Lender is a Defaulting Lender or Non-Consenting Lender and such Lender shall be bound thereby as fully and effectively as if such Lender had personally executed, acknowledged and
delivered the same. 

  
 56 

 Section 2.15    Defaulting Lender. 

(a)    Defaulting Lender Adjustments. Notwithstanding anything to the contrary contained in this Agreement, if any
Lender becomes a Defaulting Lender, then, until such time as such Lender is no longer a Defaulting Lender, to the extent permitted by applicable Legal Requirement: 

(i)    Waivers and Amendments. Such Defaulting Lender’s right to approve or disapprove any
amendment, waiver or consent with respect to this Agreement shall be restricted as set forth in the definition of Majority Lenders. 

(ii)    Defaulting Lender Waterfall. Any payment of principal, interest, fees or other amounts
received by the Administrative Agent for the account of such Defaulting Lender (whether voluntary or mandatory, at maturity, pursuant to Article VII or otherwise) or received by the Administrative Agent from a Defaulting Lender pursuant to
Section 7.04 shall be applied at such time or times as may be determined by the Administrative Agent as follows: first, to the payment of any amounts owing by such Defaulting Lender to the Administrative Agent hereunder; second,
as the Borrower may request (so long as no Default or Event of Default exists), to the funding of any Advance hereunder in respect of which such Defaulting Lender has failed to fund its portion thereof as required by this Agreement, as determined by
the Administrative Agent; third, if so determined by the Administrative Agent and the Borrower, to be held in a Deposit Account and released pro rata in order to satisfy such Defaulting Lender’s current or potential future funding
obligations with respect to Advances under this Agreement; fourth, to the payment of any amounts owing to the Lenders as a result of any judgment of a court of competent jurisdiction obtained by any Lender against such Defaulting Lender as a
result of such Defaulting Lender’s breach of its obligations under this Agreement; fifth, so long as no Default or Event of Default exists, to the payment of any amounts owing to the Borrower as a result of any judgment of a court of
competent jurisdiction obtained by the Borrower against such Defaulting Lender as a result of such Defaulting Lender’s breach of its obligations under this Agreement; and sixth, to such Defaulting Lender or as otherwise directed by a
court of competent jurisdiction; provided that if such payment is a payment of the principal amount of any Advances in respect of which such Defaulting Lender has not fully funded its appropriate share, such payment shall be applied solely to
pay the Advances of all Non-Defaulting Lenders on the applicable pro rata basis prior to being applied to the payment of any Advances of such Defaulting Lender until such time as all Advances are held by the Lenders pro rata in accordance with the
applicable Commitments. Any payments, prepayments or other amounts paid or payable to a Defaulting Lender that are applied (or held) to pay amounts owed by a Defaulting Lender pursuant to this Section 2.15 shall be deemed paid to and redirected
by such Defaulting Lender, and each Lender irrevocably consents hereto. 
 (b)    Defaulting Lender Cure. If the
Borrower and the Administrative Agent agree in writing that a Lender is no longer a Defaulting Lender, the Administrative Agent will so notify the parties hereto, whereupon as of the effective date specified in such notice and subject to any

  
 57 

 
conditions set forth therein (which may include arrangements with respect to any Cash Collateral), that Lender will, to the extent applicable, purchase at par that portion of outstanding Advances
of the other Lenders or take such other actions as the Administrative Agent may determine to be necessary to cause the Advances to be held pro rata by the Lenders in accordance with the Commitments, whereupon such Lender will cease to be a
Defaulting Lender; provided that no adjustments will be made retroactively with respect to fees accrued or payments made by or on behalf of the Borrower while that Lender was a Defaulting Lender; and provided, further, that except to
the extent otherwise expressly agreed by the affected parties, no change hereunder from Defaulting Lender to Lender will constitute a waiver or release of any claim of any party hereunder arising from that Lender’s having been a Defaulting
Lender. Notwithstanding the above, the Borrower’s and the Administrative Agent’s right to replace a Defaulting Lender pursuant to this Agreement shall be in addition to, and not in lieu of, all other rights and remedies available to the
Borrower or the Administrative Agent against such Defaulting Lender under this Agreement, at law, in equity or by statute. 
 ARTICLE III

 CONDITIONS 

Section 3.01     Conditions to Closing and Advance. The effectiveness of this Agreement and the obligation of
each Lender to make its Advance hereunder is subject to the occurrence of the following conditions precedent: 

(a)    Documentation. The Administrative Agent and the Collateral Agent shall have received the following duly
executed by all the parties thereto, in form and substance reasonably satisfactory to the Administrative Agent, the Collateral Agent and the Lenders, and, where applicable, in sufficient copies for each Lender: 

(i)    counterparts of this Agreement, a Note payable to each Lender in the amount of its Commitment, if
requested by such Lender, the Guaranty, the Security Agreement, the Intercreditor Agreement, and, subject to Section 5.17, each of the other Loan Documents, including all attached exhibits and schedules; 

(ii)    a favorable opinion of the Loan Parties’ counsel dated as of the date of this Agreement
covering matters as the Administrative Agent may reasonably request; 
 (iii)    copies, certified as of
the date of this Agreement by a Responsible Officer of each Loan Party of (A) the resolutions of the Board of Directors (or other applicable governing body) of such Loan Party approving the Loan Documents to which it is a party, (B) the
partnership agreement, articles or certificate of incorporation, or certificate of formation (as applicable) and the limited liability company agreement, operating agreement, partnership agreement or bylaws (as applicable) of such Loan Party, and
(C) all other documents evidencing other necessary corporate action and necessary and material Governmental Approvals, if any, with respect to the Initial Acquisition, the Loan Documents to which such Loan Party is a party and the other
transactions contemplated hereby; 

  
 58 

 (iv)    certificates of a Responsible Officer of each Loan
Party certifying the names and true signatures of the officers of such Loan Party authorized to sign this Agreement and the other Loan Documents to which such Loan Party is a party; 

(v)    appropriate UCC-1 Financing Statements covering the Collateral for filing with the appropriate
authorities and any other documents, agreements or instruments necessary to create an Acceptable Security Interest in such Collateral; 

(vi)    certificates evidencing the Equity Interests, if any, required in connection with the Security
Agreement and powers executed in blank for each such certificate; 
 (vii)    insurance certificates in
compliance with Section 5.02 and otherwise reasonably satisfactory to the Administrative Agent; 

(viii)    certificates of good standing for each Loan Party in each state in which each such Person is
organized, which certificate shall be (A) dated a date not sooner than 30 days prior to the date of this Agreement and (B) otherwise effective on the Closing Date; 

(ix)    a solvency certificate dated as of the date of this Agreement from the Chief Financial Officer or
Treasurer of the Borrower in substantially the form attached as Exhibit I; 
 (x)    a certificate
executed by a Responsible Officer of the Borrower certifying as to the matters set forth in Sections 3.01(e), (f), (h), (i) and (k) below; and 

(xi)    a funds flow memorandum in form and substance reasonably acceptable to the Administrative Agent.

 (b)    Payment of Fees. On the date of this Agreement, the Borrower shall have paid the fees required by
Section 2.07 and all costs and expenses payable pursuant to Section 9.01(a) to the extent invoices for such fees, costs, and expenses have been presented to the Borrower at least one Business Day prior to the Closing Date (it being
understood that this Section 3.01(b) may be satisfied concurrently with the initial funding of Advances under this Agreement). 

(c)    Financial Information. The Lenders shall have received (it being agreed that availability of the following
financial information on the SEC website shall constitute the Lenders’ receipt) (i) audited consolidated balance sheets and related statements of income, stockholders’ equity and cash flows of Holdings and its subsidiaries for the
last three full fiscal years ended at least 90 days prior to the Closing Date, (ii) unaudited consolidated balance sheets and related statements of income, stockholders’ equity and cash flows of Holdings and its subsidiaries for each
subsequent interim quarterly period ended at least 45 days prior to the Closing Date, and (iii) a detailed business plan or projections of Borrower and its subsidiaries for the years 2017 through 2022 and for the eight quarters beginning with
the fourth quarter of 2017, in each case in form and substance reasonably satisfactory to the Arranger. 

  
 59 

 (d)    Title. The Administrative Agent (i) shall have received
information confirming the title and lien status, in the judgment of the Administrative Agent, of not less than 90% of the total value of the Oil and Gas Properties of Holdings, the Borrower and its Restricted Subsidiaries (including the Lavaca
Assets), (ii) shall have received full and complete copies of any environmental assessments of the Oil and Gas Properties of Holdings, the Borrower and its Restricted Subsidiaries (including the Lavaca Assets), (iii) shall have received the most
recent independent Engineering Report with respect to the Proven Reserves of Holdings, the Borrower and its Restricted Subsidiaries, (iv) shall have received reserve and production data with respect to the Oil and Gas Properties of Holdings,
the Borrower and its Restricted Subsidiaries (including the Lavaca Assets) and (v) in the case of each of clauses (i) through (iv) above, shall be reasonably satisfied as to the matters and conclusions disclosed therein; provided
that, the Data Room Presentation, Lavaca County – Eagle Ford Acquisition Opportunity, dated Summer 2017 and the Engineering Report dated July 18, 2017 as of July 1, 2017, each delivered to the Administrative Agent prior to the date of
the Commitment Letter satisfied the requirements of Section 3.01(d)(iii) and (iv). 
 (e)    Initial
Acquisition. Prior to or substantially concurrently with the Closing Date, the Initial Acquisition shall have been consummated, or shall be consummated substantially concurrently with the Advances hereunder, in accordance with the terms of the
Purchase Agreement without giving effect to any amendments, consents or waivers by the Borrower that amend, modify or waive any terms of the Purchase Agreement, nor shall the Borrower have given a consent thereunder, in any case, in a manner adverse
to the Lenders (in their capacities as such) without the consent of the Lead Arranger and the Required Lenders. 

(f)    Material Adverse Effect. Between 12:01 a.m. (Central time) on March 1, 2017 and July 29, 2017, there has not
been any occurrence of any of the events described in Section 7.21 of the Purchase Agreement which would result in a failure to satisfy the condition set forth in Section 10.1 of the Purchase Agreement. 

(g)    USA Patriot Act. The Administrative Agent and the Lenders shall have received (at least five
(5) Business Days prior to Closing Date to the extent requested at least ten (10) Business Days prior to the Closing Date, unless the facts related thereto were not disclosed to the Administrative Agent prior to such 10th Business Day), and be reasonably satisfied in form and substance with, all documentation and other information required by bank regulatory authorities under applicable
“know-your-customer” and anti-money laundering rules and regulations, including, but not restricted to, the Patriot Act. 

(h)    No Other Debt. After giving effect to the Initial Acquisition, this Agreement and the other transactions
contemplated hereby, the Borrower shall not have outstanding any Indebtedness or preferred stock (or direct or indirect guarantee or other credit support in respect thereof), other than Indebtedness under (a) this Agreement, (b) the First
Lien Credit Agreement (and letters of credit issued thereunder) as amended by the Revolver Amendment, and (c) other Indebtedness permitted under this Agreement. 

  
 60 

 (i)    Revolver Amendment. The Administrative Agent shall have
received a duly executed copy of the Revolver Amendment which shall be effective on or prior to the Closing Date. 

(j)    Notice of Borrowing. The Administrative Agent shall have received a Notice of Borrowing duly executed by the
Borrower. 
 (k)    Representations and Warranties. The Specified Representations shall be true and correct in
all material respects (unless already qualified by materiality or Material Adverse Change in the text thereof, in which case, such representations and warranties shall be true and correct in all respects) on and as of the Closing Date except to the
extent that any such representation or warranty expressly relates solely to an earlier date, in which case it shall have been true and correct in all material respects (unless already qualified by materiality or Material Adverse Change in the text
thereof, in which case, such representations and warranties shall be true and correct in all respects) as of such earlier date. The representations and warranties made by the Seller in the Purchase Agreement that are material to the interests of the
Lenders shall be true and correct in all material respects on the Closing Date (provided that such representations and warranties shall be deemed modified as necessary to reflect the prior consummation of the Initial Acquisition), but only to
the extent that Holdings (or its applicable Affiliate) would have had the right (taking into account any applicable cure provisions) to terminate its obligations under the Purchase Agreement, or decline to consummate the Initial Acquisition, as a
result of a breach of such representations and warranties. 
 ARTICLE IV 

REPRESENTATIONS AND WARRANTIES 

Each Loan Party represents and warrants as follows: 

Section 4.01    Existence; Subsidiaries. Holdings is a corporation duly organized, validly existing and in
good standing under the laws of Virginia and the Borrower is a corporation duly organized, validly existing and in good standing under the laws of Delaware, or in any case, after the Closing Date in such other jurisdiction as is permitted under this
Agreement. Each Loan Party is in good standing and qualified to do business in each other jurisdiction where its ownership or lease of Property or conduct of its business requires such qualification except where such failure to comply could not
reasonably be expected to result in a Material Adverse Change. As of the date hereof, the Borrower has no Subsidiaries other than those identified in Schedule 4.01 and Holdings has no Subsidiaries other than the Borrower and the Subsidiaries of the
Borrower. 
 Section 4.02    Power; No Conflicts. The execution and delivery by each Loan Party and each
Restricted Subsidiary thereof of the Loan Documents to which each such Person is a party, in accordance with their respective terms and the Advances hereunder do not and will not, by the passage of time, the giving of notice or otherwise,
(a) violate any Legal Requirement relating to any Loan Party or any Restricted Subsidiary thereof, (b) conflict with, result in a breach of or constitute a default under the articles of incorporation, bylaws or other organizational
documents of any Loan Party or any Restricted Subsidiary thereof, (c) conflict 

  
 61 

 
with, result in a breach of or constitute a default under any material indenture, agreement or other instrument to which such Person is a party or by which any of its properties may be bound or
any Governmental Approval relating to such Person, or (d) result in or require the creation or imposition of any Lien upon or with respect to any property now owned or hereafter acquired by such Person other than Permitted Liens. The
performance by each Loan Party and each Restricted Subsidiary thereof of the Loan Documents to which each such Person is a party, in accordance with their respective terms and the transactions contemplated hereby or thereby (other than the Advances)
do not and will not, by the passage of time, the giving of notice or otherwise, (a) violate any Legal Requirement relating to any Loan Party or any Restricted Subsidiary thereof except where such violation could not, individually or in the
aggregate, reasonably be expected to result in a Material Adverse Change, (b) conflict with, result in a breach of or constitute a default under the articles of incorporation, bylaws or other organizational documents of any Loan Party or any
Restricted Subsidiary thereof, (c) conflict with, result in a breach of or constitute a default under any indenture, agreement or other instrument to which such Person is a party or by which any of its properties may be bound or any
Governmental Approval relating to such Person except where such conflict, breach or default could not, individually or in the aggregate, reasonably be expected to result in a Material Adverse Change, or (d) result in or require the creation or
imposition of any Lien upon or with respect to any property now owned or hereafter acquired by such Person other than Permitted Liens. 

Section 4.03    Authorization and Approvals. No consent, order, authorization, or approval or other action by,
and no notice to or filing with, any Governmental Authority or any other Person is required for the due execution, delivery, and performance by any Loan Party that is a party to this Agreement, the Notes, or the other Loan Documents or the
consummation of the transactions contemplated hereby or thereby, except for (a) the filing of UCC-1 Financing Statements and Mortgages in the appropriate state and county filing offices, (b) those
consents and approvals that have been obtained or made on or prior to the date hereof and that are in full force and effect, and (c) such consents, orders, authorizations, approvals, notices or filings required in connection with the operation
of the business of the Loan Parties the failure to obtain of which could not reasonably be expected to be adverse in any material respect to any Secured Party or to result in a material liability of any Loan Party. At the time of the Advances,
provided that the filings above have been duly consummated, no authorization or approval or other action by, and no notice to or filing with, any Governmental Authority will be required for such Advance or the use of the
proceeds of such Advance. 
 Section 4.04    Enforceable Obligations. This Agreement, the Notes, and the
other Loan Documents to which any Loan Party is a party have been duly executed and delivered by such Loan Parties. Each Loan Document is the legal, valid, and binding obligation of the Borrower and each Guarantor which is a party to it enforceable
against the Borrower and each such Guarantor in accordance with its terms, except as such enforceability may be limited by any applicable Debtor Relief Laws. 

  
 62 

 Section 4.05    Financial Condition and Financial Statements.

 (a)    The Borrower has delivered to the Administrative Agent and the Lenders financial information delivered pursuant
to Section 3.01. All financial statements delivered pursuant to Section 3.01 or Section 5.06 are (or will be when delivered) complete and correct in all material respects and fairly present in all material respects on a consolidated
basis the assets, liabilities and financial position of Holdings and its Restricted Subsidiaries as at such dates, and the results of the operations and changes of financial position for the periods then ended (other than customary year-end adjustments for unaudited financial statements and the absence of footnotes from unaudited financial statements), in each case, in accordance with GAAP. All such financial statements, including the related
schedules and notes thereto, have been (or will have been when delivered) prepared in accordance with GAAP. Such financial statements show (or will show when delivered) all material indebtedness and other material liabilities, direct or contingent,
of Holdings and its Restricted Subsidiaries as of the date thereof, including material liabilities for taxes, material commitments, and Indebtedness, in each case, to the extent required to be disclosed under GAAP. All pro forma financial statements
and projections delivered pursuant to Section 3.01 or Section 5.06 were (or will be when delivered) prepared in good faith on the basis of the assumptions stated therein, which assumptions are believed to be reasonable in light of then
existing conditions except that such financial projections and pro forma statements shall be subject to normal year end closing and audit adjustments (it being recognized by the Lenders that projections are not to be viewed as facts and that the
actual results during the period or periods covered by such projections may vary from such projections). 
 (b)    Since
December 31, 2016, no event or circumstance that has had or could reasonably be expected to cause a Material Adverse Change has occurred. 

Section 4.06    True and Complete Disclosure. All factual information (excluding estimates, projections, other
projected financial information, forward looking statements and information of a general economic or industry nature) heretofore or contemporaneously furnished by or on behalf of Holdings and its Restricted Subsidiaries in writing to any Lender or
the Administrative Agent for purposes of or in connection with this Agreement, any other Loan Document or any transaction contemplated hereby or thereby is, and all other such factual information (excluding estimates, projections, other projected
financial information, forward looking statements and information of a general economic or industry nature) hereafter furnished by or on behalf of Holdings and its Restricted Subsidiaries in writing to the Administrative Agent or any of the Lenders
was or shall be, when taken as a whole and as modified or supplemented by other information so furnished, true and accurate in all material respects on the date as of which such information was or is dated or certified and did not or does not
contain, when taken as a whole, any untrue statement of a material fact or omit, when taken as a whole, to state any material fact necessary to make the statements contained therein not misleading in any material respect at such time. All
projections, estimates, and pro forma financial information furnished by any Loan Party were prepared in good faith on the basis of the assumptions believed in good faith to be reasonable at the time made, which assumptions are believed to be
reasonable in light of then existing conditions except that such financial projections and statements shall be subject to normal year end closing and audit adjustments (it being recognized by the Lenders that projections are not to be viewed as
facts or a guarantee of future performance, are subject to significant uncertainties and contingencies, many of which are beyond the Loan Parties’ control and that the actual results during the period or periods covered by such projections may
vary from such projections and such variations may be material). 

  
 63 

 Section 4.07    Litigation; Compliance with Laws. 

(a)    There is no pending or, to the knowledge of any Loan Party, threatened in writing action or proceeding affecting any
Loan Party or Restricted Subsidiary before any court, Governmental Authority or arbitrator which could reasonably be expected to cause a Material Adverse Change other than as set forth in Schedule 4.07 or which purports to affect the
legality, validity, binding effect or enforceability of this Agreement, any Note, or any other Loan Document. As of the Closing Date, there is no pending or, to the knowledge of any Loan Party, threatened in writing action or proceeding instituted
against any Loan Party or any Restricted Subsidiary which seeks to adjudicate any Loan Party or any Restricted Subsidiary as bankrupt or insolvent, or seeking liquidation, winding up, reorganization, arrangement, adjustment, protection, relief, or
composition of it or its debts under any Debtor Relief Law, or seeking the entry of an order for relief or the appointment of a receiver, trustee or other similar official for it or for any substantial part of its Property. 

(b)    Each Loan Party and each Restricted Subsidiary have complied in all respects with all statutes, rules, regulations,
orders and restrictions of any Governmental Authority having jurisdiction over the conduct of their respective businesses or the ownership of their respective Property except where such failure to comply could not reasonably be expected to result in
a Material Adverse Change. 
 Section 4.08    Use of Proceeds. The proceeds of the Advances will be used by
the Borrower for the purposes described in Section 5.09. No Loan Party nor any Restricted Subsidiary thereof is engaged principally or as one of its activities in the business of extending credit for the purpose of “purchasing” or
“carrying” any “margin stock” (as each such term is defined or used, directly or indirectly, in Regulation U). No part of the proceeds of the Advances will be used for purchasing or carrying directly or indirectly margin stock or
for any purpose which violates, or which would be inconsistent with, the provisions of Regulation T, U or X or for any other purpose which would constitute this transaction a “purpose credit” within the meaning of Regulation U. Following
the application of the proceeds of the Advances, not more than twenty-five percent (25%) of the value of the assets (either of the Borrower only or of Holdings and its Restricted Subsidiaries on a consolidated basis) will be “margin
stock”. No Loan Party nor any Restricted Subsidiary thereof (a) is engaged in the business of extending credit for the purpose of purchasing or carrying margin stock (within the meaning of Regulation U) or (b) will use any proceeds
for the purpose of purchasing or carrying any margin stock or for any other purpose which would constitute this transaction a “purpose credit”. 

Section 4.09    Investment Company Act. No Loan Party nor any Restricted Subsidiary thereof is an
“investment company” or a company “controlled” by an “investment company” (as each such term is defined or used in the Investment Company Act of 1940) and no Loan Party nor any Restricted Subsidiary thereof is, or after
giving effect to the Advances will be, subject to any other applicable Legal Requirement which limits its ability to incur or consummate the transactions contemplated hereby to the extent such limitations are applicable. 

  
 64 

 Section 4.10    Taxes. 

(a)    Reports and Payments. All federal and state income Returns and all other material Returns (as defined below in
clause (b) of this Section) required to be filed by or on behalf of any Loan Party have been duly filed on a timely basis or appropriate extensions have been obtained and such Returns are and will be true, complete and correct in all material
respects; and all federal and state income Taxes and other material Taxes required to be paid by a Loan Party that are payable with respect to the periods covered by such Returns or on subsequent assessments with respect thereto or otherwise have
been paid in full on a timely basis, except in each case to the extent of Taxes that are being diligently contested in good faith and reserves have been made in accordance with GAAP. The reserves for accrued Taxes reflected in the financial
statements delivered to the Lenders under this Agreement are adequate in the aggregate for the payment of all material unpaid Taxes of the Loan Parties, whether or not disputed, for the period ended as of the date thereof and for any period prior
thereto. 
 (b)    Returns Definition. “Returns” in this Section 4.10 shall mean any U.S. federal,
state, or local return, declaration of estimated Tax, or information statement relating to, filed, or required to be filed with a Government Authority in connection with, any Taxes, including any information return or report with respect to backup
withholding. 
 Section 4.11    ERISA and Employee Matters. All Employee Benefit Plans are in compliance in
all material respects with all applicable provisions of ERISA and the Code. No Termination Event has occurred or is reasonably expected to occur that could reasonably be expected to result in a Material Adverse Change. There has been no excise tax
imposed under Section 4971 of the Code against any Loan Party that could reasonably be expected to result in liability to any Loan Party or any Restricted Subsidiary thereof in excess of $5,000,000. Based upon GAAP existing as of the date of
this Agreement and current factual circumstances, the Loan Parties have no reason to believe that the annual cost during the term of this Agreement to the Loan Parties for post-retirement benefits to be provided to the current and former employees
of any Loan Party under Employee Benefit Plans that are welfare benefit plans (as defined in Section 3(1) of ERISA) could, in the aggregate, reasonably be expected to cause a Material Adverse Change. As of the Closing Date and the date hereof,
no Loan Party nor any Restricted Subsidiary thereof is party to any collective bargaining agreement, nor has any labor union been recognized as the representative of its employees. The Borrower knows of no pending or threatened in writing strikes,
work stoppage or other collective labor disputes involving its employees or those of its Restricted Subsidiaries. 

Section 4.12    Condition and Maintenance of Property; Casualties. Each Loan Party and each Restricted
Subsidiary has good and indefeasible title to all of its other material Properties, free and clear of all Liens except for Permitted Liens. The material Properties used or to be used in the continuing operations of each Loan Party and each
Restricted Subsidiary are in good repair, working order and condition, normal wear and tear excepted. Neither the business nor the material Properties of each Loan Party and each Restricted Subsidiary, taken as

  
 65 

 
a whole, has been materially and adversely affected as a result of any fire, explosion, earthquake, flood, drought, windstorm, accident, strike or other labor disturbance, embargo, requisition or
taking of Property or cancellation of contracts, Permits, or concessions by a Governmental Authority, riot, activities of armed forces, or acts of God or of any public enemy (except to the extent such event is covered by insurance sufficient to
ensure that upon application of the proceeds thereof, neither the business nor the material Properties of each Loan Party and each Restricted Subsidiary, taken as a whole, could reasonably be expected to be materially and adversely affected) which
effect could reasonably be expected to cause a Material Adverse Change. 
 Section 4.13    Compliance with
Agreements; No Defaults. 
 (a)    No Loan Party or Restricted Subsidiary thereof is in default in any material
respect under or with respect to any contract, agreement, lease, or other instrument to which a Loan Party or Restricted Subsidiary thereof is a party which is continuing and which, if not cured, could reasonably be expected to result in a Material
Adverse Change. 
 (b)    No Default has occurred and is continuing. 

Section 4.14    Environmental Condition. 

(a)    Permits, Etc. Each Loan Party and each Restricted Subsidiary (i) have obtained all Environmental Permits
necessary for the ownership and operation of their respective Properties and the conduct of their respective businesses; (ii) have at all times been and are in compliance with all terms and conditions of such Permits and with all other
requirements of applicable Environmental Laws; (iii) have not received notice of any violation or alleged violation of any Environmental Law or Permit; and (iv) are not subject to any actual, pending or to the Borrower’s knowledge,
threatened in writing Environmental Claim, except, in each case above, that could not, individually or in the aggregate, reasonably be expected to result in a Material Adverse Change. 

(b)    Certain Liabilities. None of the present or previously owned or operated Property of any Loan Party or of
any of its current or former Restricted Subsidiaries, wherever located, (i) has been placed on the National Priorities List, the Comprehensive Environmental Response Compensation Liability Information System list, or their state or local
analogs, or to any Loan Party’s knowledge, have been otherwise investigated, designated, listed, or identified as a potential site for removal, remediation, cleanup, closure, restoration, reclamation, or other Response activity under any
Environmental Laws which, individually or in the aggregate, has resulted in or could reasonably be expected to result in a Material Adverse Change; (ii) is subject to a Lien, arising under or in connection with any Environmental Laws, that
attaches to any revenues or to any Property owned, leased or operated by the Borrower or any of the Guarantors or Restricted Subsidiaries, wherever located, which could, individually or in the aggregate, reasonably be expected to cause a Material
Adverse Change; or (iii) has been the site of any Release of Hazardous Materials from present or past operations which has caused at the site or at any third-party site any condition that, individually or
in the aggregate, has resulted in or could reasonably be expected to result in the need for Response that would cause a Material Adverse Change. 

  
 66 

 (c)    Certain Actions. Without limiting the foregoing, (i) all
necessary notices have been properly filed, and no further action is required under current Environmental Law as to each Response or other restoration or remedial project undertaken by any Loan Party or any Restricted Subsidiary on any of their
presently or formerly owned, leased or operated Property, except as could not, individually or in the aggregate, reasonably be expected to result in a Material Adverse Change, and (ii) there are no facts, circumstances, conditions or
occurrences with respect to any Property owned, leased or operated by any Loan Party or any Restricted Subsidiary that could reasonably be expected to form the basis of an Environmental Claim under Environmental Laws that could reasonably be
expected to result in a Material Adverse Change. 
 Section 4.15     Permits, Licenses, Etc. Each Loan Party
and Restricted Subsidiary thereof possess all authorizations, Permits, licenses, patents, patent rights or licenses, trademarks, trademark rights, trade names rights and copyrights which are material to the conduct of their business. Each Loan Party
and Restricted Subsidiary thereof manages and operates its business in all material respects in accordance with all applicable material Legal Requirements and good industry practices. 

Section 4.16    Gas Imbalances, Prepayments. Except as disclosed in writing to the Administrative Agent in
connection with the most recently delivered Engineering Report, no Loan Party or Restricted Subsidiary thereof (a) is obligated in any material respect by virtue of any prepayment made under any contract containing a “take-or-pay” or “prepayment” provision or under any similar agreement to deliver Hydrocarbons produced from or allocated to any Loan Party’s Oil and
Gas Properties at some future date without receiving full payment therefor at the time of delivery or (b) has produced gas, in any material amount, subject to balancing rights of third parties or subject to balancing duties under Legal
Requirements. 
 Section 4.17    Marketing of Production. Except as disclosed in writing to the
Administrative Agent in connection with the most recently delivered Engineering Report (with respect to all of which contracts the Holdings and the Borrower represent that they or the Restricted Subsidiaries are receiving a price for all production
sold thereunder that is computed substantially in accordance with the terms of the relevant contract and are not having deliveries curtailed substantially below the subject Property’s delivery capacity), no material agreements exist that are
not cancelable on 60 days- notice or less without penalty or detriment for the sale of production from Holdings, the Borrower’s or the Restricted Subsidiaries’ Hydrocarbons (including, without limitation, calls on or other rights to
purchase, production, whether or not the same are currently being exercised) and that (a) pertain to the sale of production at a fixed price and (b) have a maturity or expiry date of longer than six (6) months from the date hereof.

 Section 4.18    Restriction on Liens. None of the Property of any Loan Party or Restricted Subsidiary
thereof is subject to any Lien other than Permitted Liens. No Loan Party or Restricted Subsidiary thereof is a party to any agreement or arrangement (other than this Agreement, the Security Instruments and the First Lien Loan Documents), or subject
to any order, judgment, writ or decree, that either restricts or purports to restrict its ability to grant Liens to secure the Obligations against their respective Properties. 

  
 67 

 Section 4.19    Solvency. Before and after giving effect to the
Advances, the Loan Parties, on a consolidated basis, are Solvent. 
 Section 4.20    Hedging Agreements.
Schedule 4.20 sets forth, as of the date hereof, a true and complete list of all Interest Hedge Agreements, Hydrocarbon Hedge Agreements, and Hedge Contracts of the Loan Parties and Restricted Subsidiaries, the material terms
thereof (including the type, term, effective date, termination date and notional amounts or volumes), the net mark to market value thereof, all credit support agreements relating thereto (including any margin required or supplied), and the
counterparty to each such agreement. 
 Section 4.21    Insurance. Holdings has, and has caused all of the
Restricted Subsidiaries to have insurance as required under Section 5.02. 

Section 4.22    Anti-Corruption Laws; Sanctions; Patriot Act. None of (a) the Loan Parties, any
Restricted Subsidiary or any of their respective directors, officers, employees or affiliates, or (b) to the knowledge of the Borrower, any agent or representative of the Borrower or any Restricted Subsidiary that will act in any capacity in
connection with or benefit from the credit facility established hereby, (i) is a Sanctioned Person or currently the subject or target of any Sanctions or (ii) has taken any action, directly or indirectly, that would result in a violation
by such Persons of any Anti-Corruption Laws. Holdings, the Borrower and each Restricted Subsidiary is compliance with Section 5.06(q). 

Section 4.23    Oil and Gas Properties. 

(a)    Title. Each Loan Party has good and defensible title to all of its Oil and Gas Properties evaluated in the
most recently delivered Engineering Report (other than any thereof Disposed of in a Disposition permitted by this Agreement) free and clear of all Liens except for Permitted Liens and any title deficiencies which are being addressed pursuant to
Section 5.11(b). There are no “back-in” or “reversionary” interests held by third parties which could reduce the interests of a Loan Party in the Oil and Gas Properties except as set
forth on Schedule 4.23 hereto. No operating or other agreement to which any Loan Party is a party or by which any Loan Party is bound affecting any part of the Collateral requires such Loan Party to bear any of the costs relating to the
Collateral greater than the leasehold interest of such Loan Party in such portion of the Collateral, except in the event such Loan Party is obligated under an operating agreement to assume a portion of a defaulting party’s share of costs. Each
Mortgage is and will remain a valid and enforceable lien on the Collateral subject only to the Permitted Liens. Each Loan Party will preserve its interest in and title to the Collateral subject to Permitted Liens, and subject to the transactions
that are otherwise permitted under this Agreement. 
 (b)    Status of Leases, Term Mineral Interests and
Contracts. All of the leases and term mineral interests in the Oil and Gas Properties evaluated in the most recently delivered Engineering Report (other than any thereof Disposed of in a Disposition permitted by this

  
 68 

 
Agreement and noted to the Administrative Agent at or prior to delivery of such Engineering Report) are valid, subsisting and in full force and effect, and no Loan Party has knowledge that a
default exists under any of the terms or provisions, express or implied, of any of such leases or interests or under any agreement to which the same are subject. All of the material Contracts to which any Loan Party is a party that relate to the Oil
and Gas Properties are in full force and effect and constitute legal, valid and binding obligations of such Loan Party. No Loan Party or, to the knowledge of any Loan Party, any other party to any such Contract (i) is in breach of or default,
or with the lapse of time or the giving of notice, or both, would be in breach or default, with respect to any obligations thereunder, whether express or implied, or (ii) has given or threatened in writing to give notice of any default under or
inquiry into any possible default under, or action to alter, terminate, rescind or procure a judicial reformation of, any lease in the Oil and Gas Properties or any Contract except as could not, individually or in the aggregate, reasonably be
expected to result in a Material Adverse Change. 
 (c)    Production Burdens and Expenses and Revenues. Except
for each Loan Party’s interests in certain Oil and Gas Properties, and except as set forth on Schedule 4.23, which such Loan Party represents do not constitute a material portion (with 2% or more being deemed material) of the value of
the Collateral and all other Properties of such Loan Party securing the Obligations, all of the proceeds from the sale of Hydrocarbons produced from Realty Collateral are being properly and timely paid to such Loan Party by the purchasers or other
remitters of production proceeds without suspense. 
 (d)    Pricing. The prices being received by each Loan
Party for the production of Hydrocarbons do not violate, in any material respect, any material Contract or any law or regulation. Except as otherwise permitted herein, where applicable, all of the wells located on the Oil and Gas Properties and
production of Hydrocarbons therefrom have been properly classified in all material respects under appropriate governmental regulations. 

(e)    Gas Regulatory Matters. All applicable Loan Parties have filed with the appropriate state and federal
agencies all necessary rate and collection filings and all necessary applications for well determinations under the Natural Gas Act of 1938, as amended, the Natural Gas Policy Act of 1978, as amended, and the rules and regulations of the Federal
Energy Regulatory Commission (the “FERC”) thereunder, and each such application has been approved by or is pending before the appropriate state or federal agency. 

(f)    Drilling Obligations. Except as otherwise permitted hereunder, there are no obligations under any Oil and
Gas Property or Contract which require the drilling of additional wells or operations to earn or to continue to hold any of the Oil and Gas Properties covered in the most recently delivered Engineering Report in force and effect, except those under
customary continuous operations provisions that may be found in one or more of the oil and gas and/or oil, gas and mineral leases. 

(g)    Refund Obligations. No Loan Party has collected any proceeds from the sale of Hydrocarbons produced from the
Oil and Gas Properties covered in the most recently delivered Engineering Report which are subject to any material refund obligations other than as previously disclosed in writing to the Administrative Agent at or prior to the delivery of such
Engineering Report. 

  
 69 

 Section 4.24    Line of Business; Foreign Operations. 

(a)    The Loan Parties have not conducted and are not conducting any business other than businesses relating to the
acquisition, exploration, development, financing, ownership, operation, production, maintenance, storage, transportation, gathering, processing and marketing of Hydrocarbons and the Oil and Gas Properties and related activities. 

(b)    No Loan Party owns, and has not acquired or made any other expenditure (whether such expenditure is capital,
operating or otherwise) in or related to, any Oil and Gas Properties located outside of the geographical boundaries of the United States (but not the offshore federal waters of the United States). 

Section 4.25    Fiscal Year. The fiscal year of Holdings and its Restricted Subsidiaries is January 1 through
December 31. 
 Section 4.26     Location of Business and Offices. Each Loan Party’s principal place of
business and chief executive office is located at its address specified on Schedule 4.26 or at such other location as it may have, by proper written notice hereunder, advised the Administrative Agent. 

Section 4.27    Intellectual Property. Each Loan Party and each Restricted Subsidiary either own or have valid
licenses or other rights to use all databases, geological data, geophysical data, engineering data, maps, interpretations and other technical information used in their business as presently conducted, subject to the limitations contained in the
agreements governing the use of the same, which limitations are customary for companies engaged in the business of the exploration and production of Hydrocarbons, with such exceptions as could not reasonably be expected to result in a Material
Adverse Change. 
 Section 4.28    Senior Debt Status. The Obligations of each Loan Party and each
Restricted Subsidiary thereof under this Agreement and each of the other Loan Documents ranks and shall continue to rank at least senior in priority of payment to all subordinated Indebtedness and all senior unsecured Indebtedness of each such
Person and is designated as “senior indebtedness” under all instruments and documents, now or in the future, relating to all subordinated Indebtedness and all senior unsecured Indebtedness of such Person. 

Section 4.29    Security Instruments. The provisions of the Security Instruments are effective to create in
favor of the Collateral Agent for the benefit of the Secured Parties an Acceptable Security Interest on all right, title and interest of the respective Loan Parties in the Collateral described therein and, upon the filing of UCC financing statements
and Mortgages in the applicable offices contemplated by the Security Instruments or the taking of such other actions as are specified in such Security Instruments, such Acceptable Security Interest will be perfected.  

  
 70 

 ARTICLE V 

AFFIRMATIVE COVENANTS 
 So
long as any Note or any amount (other than contingent indemnity obligations for which no claim has been made) under any Loan Document shall remain unpaid, each Loan Party agrees, unless the Majority Lenders shall otherwise consent in writing, to
comply with the following covenants. 
 Section 5.01    Compliance with Laws, Etc. Each of Holdings and the
Borrower shall, and shall cause each of its Restricted Subsidiaries to comply, in all respects with all applicable Legal Requirements except where the failure to so comply could not, individually or in the aggregate, reasonably be expected to result
in a Material Adverse Change. Without limiting the generality and coverage of the foregoing, each Loan Party shall comply, and shall cause each of its Restricted Subsidiaries to comply with all Environmental Laws and all laws, regulations, or
directives with respect to equal employment opportunity and employee safety in all jurisdictions in which any Loan Party or any Restricted Subsidiary thereof does business except where failure to so comply could not reasonably be expected to
individually result in liability in excess of $1,000,000 and could not reasonably be expected to result in the aggregate in a Material Adverse Change. Without limitation of the foregoing, each Loan Party shall, and shall cause each of its Restricted
Subsidiaries to, (a) maintain and possess all authorizations, Permits, licenses, trademarks, trade names, rights and copyrights which are necessary or advisable to the conduct of its business, except where the failure to do so, individually or
in the aggregate, could not reasonably be expected to result in a Material Adverse Change, and (b) obtain, as soon as practicable, all consents or approvals required from any states of the United States (or other Governmental Authorities)
necessary to grant the Administrative Agent an Acceptable Security Interest in the Loan Parties’ Oil and Gas Properties evaluated in the most recently delivered Engineering Report, to the extent required by
Section 5.08. 
 Section 5.02    Maintenance of Insurance. 

(a)    Each of Holdings and the Borrower shall, and shall cause each of its Restricted Subsidiaries to, procure and
maintain or shall cause to be procured and maintained continuously in effect policies of insurance issued by companies, associations or organizations reasonably satisfactory to the Administrative Agent and in at least such amounts and covering such
casualties, risks, perils, liabilities and other hazards that are usually insured against by companies similarly situated and engaged in the same or a similar business for the assets and operations of Holdings, the Borrower and the Restricted
Subsidiaries and otherwise reasonably required by the Administrative Agent. 
 (b)    All certified copies of policies
or certificates thereof, and endorsements and renewals thereof shall be delivered to and retained by the Administrative Agent each time such a policy of insurance is made effective, renewed, amended, novated, or otherwise modified. All policies of
insurance shall either have attached thereto a “lender’s loss payable endorsement” for the benefit of the Administrative Agent, as loss payee in form reasonably satisfactory to the Administrative Agent or shall name the Administrative
Agent as an additional insured, as applicable. All policies or certificates of insurance shall set forth the 

  
 71 

 
coverage, the limits of liability, the name of the carrier, the policy number, and the period of coverage. All such policies shall contain a provision that notwithstanding any contrary agreements
between the Loan Parties, their respective Restricted Subsidiaries, and the applicable insurance company, such policies will not be canceled without at least 30 days’ prior written notice to the Administrative Agent (or at least 10 days’
for non-payment of premium). In the event that, notwithstanding the “lender’s loss payable endorsement” requirement of this Section 5.02, the proceeds of any insurance policy described
above are paid to any Loan Party or a Restricted Subsidiary when an Event of Default has occurred and is continuing, the Borrower shall deliver such proceeds to the First Lien Agent or the Administrative Agent immediately upon receipt. Waiver of
subrogation shall apply in favor of the Administrative Agent in connection with any general liability insurance policy of any Loan Party. 

Section 5.03    Preservation of Corporate Existence, Etc. Each of Holdings and the Borrower shall preserve and
maintain, and, except as otherwise permitted herein, cause each of its Restricted Subsidiaries to preserve and maintain, its corporate, partnership, or limited liability company existence, rights, franchises, and privileges, as applicable, in the
jurisdiction of its organization. Each of Holdings and the Borrower shall qualify and remain qualified, and cause each such Restricted Subsidiary to qualify and remain qualified, as a foreign corporation, partnership, or limited liability company,
as applicable, in each jurisdiction in which qualification is necessary or desirable in view of its business and operations or the ownership of its Properties except where the failure to be so qualified could not, individually or in the aggregate,
reasonably be expected to result in a Material Adverse Change. 
 Section 5.04    Payment of Taxes, Etc.
Each of Holdings and the Borrower shall pay and discharge, and cause each of its Restricted Subsidiaries to pay and discharge, before the same shall become delinquent, (a) all material Taxes, assessments, and governmental charges or levies
imposed upon it or upon its income, profits, activities or Property, prior to the date on which penalties attach thereto and (b) all lawful claims that are material which, if unpaid, might by Legal Requirement become a Lien upon its Property;
provided, however, that no Loan Party and no such Restricted Subsidiary shall be required to pay or discharge any such Tax, assessment, charge, levy, or claim which is being diligently contested in
good faith and by appropriate proceedings, and with respect to which adequate reserves in conformity with GAAP have been provided. 

Section 5.05    Visitation Rights; Periodic Meetings. At any reasonable time and from time to time, upon
reasonable prior notice, each of Holdings and the Borrower shall, and shall cause its Restricted Subsidiaries to, permit (a) the Administrative Agent and any Lender or any of their respective agents, advisors, or other representatives thereof,
acting together, to examine and make copies of and abstracts from the records and books of account of, and visit and inspect at their reasonable discretion the Properties of, each Loan Party and any such Restricted Subsidiary, and (b) the
Administrative Agent and any Lender or any of their respective agents, advisors or other representatives thereof, acting together, to discuss the affairs, finances and accounts of each Loan Party and any such Restricted Subsidiary with any of their
respective officers or directors; provided that, unless an Event of Default has occurred and is continuing, (i) the Borrower shall bear the cost of only one such inspection per year and (ii) no Loan Party shall be obligated to
reimburse the expenses of any Lender in connection with such 

  
 72 

 
inspections that is not the Administrative Agent. Without limiting the generality of the foregoing, in connection with each annual financial statement required to be delivered under
Section 5.06(a) below, the Borrower shall make its officers available for a telephonic (or, with the Borrower’s consent, an in-person) meeting with the Administrative Agent and the Lenders held at
reasonable times and upon reasonable prior notice, to discuss such financial statements and Engineering Reports, drilling activities and such other information regarding the Loan Parties, its Restricted Subsidiaries and their respective Properties.
Notwithstanding the foregoing, no Loan Party shall be required to disclose to the Administrative Agent or any Lender, or any agents, advisors or other representatives thereof, any written material, (x) the disclosure of which would cause a
breach of any confidentiality provision in the written agreement governing such material applicable to such Person, (y) which is the subject of attorney-client privilege or attorney’s work product privilege asserted by the applicable
Person to prevent the loss of such privilege in connection with such information, or (z) which is a non-financial trade secret or other proprietary information. 

Section 5.06    Reporting Requirements. The Borrower shall furnish to the Administrative Agent and each
Lender: 
 (a)    Annual Financials. (i) As soon as available and in any event not later than 120 days (or
such earlier date that Holdings or any Loan Party is required to publicly file a Form 10-K) after the end of each fiscal year of Holdings and its consolidated Restricted Subsidiaries, commencing with fiscal year ending December 31, 2017, a copy of
the annual audit report for such year for Holdings and its consolidated Restricted Subsidiaries, including therein Holding’s and its consolidated Restricted Subsidiaries’ consolidated balance sheet as of the end of such fiscal year and
Holding’s and its consolidated Restricted Subsidiaries’ consolidated statement of income, cash flows, and retained earnings, in each case certified by an Acceptable Accountant, (ii) as soon as available and in any event no later than
seven (7) days after the delivery in clause (a)(i) (for the avoidance of doubt, such seven (7) day period to be within the aforementioned 120 day period), any management letters delivered by such accountants to Holdings or any Restricted
Subsidiary in connection with such audit or otherwise (the deliverables described in the foregoing clause (a)(ii) and clauses (c) and (g) below, the “Annual Reporting Package”); 

(b)    Quarterly Financials. (i) As soon as available and in any event not later than 60 days (or such earlier
date that Holdings or any Loan Party is required to publicly file a Form 10-Q) after the end of each fiscal quarter of each fiscal year of Holdings and its consolidated Restricted Subsidiaries, (i) commencing with the fiscal quarter ending
September 30, 2017, the unaudited consolidated balance sheet and the statements of income, cash flows, and retained earnings of Holdings and its consolidated Restricted Subsidiaries for the period commencing at the end of the previous year and
ending with the end of such fiscal quarter, all in reasonable detail and (ii) as soon as available and in any event no later than seven (7) days after the delivery in clause (b)(i) (for the avoidance of doubt, such seven (7) day
period to be within the aforementioned 60 day period), a certificate with respect to such consolidated statements (subject to year-end audit adjustments) by a Responsible Officer of Holdings stating that such
financial statements delivered under clause (b)(i) have been prepared in accordance with GAAP (the deliverables described in the foregoing clause (b)(i) and clauses (c), (f), and (g) below, the “Quarterly Reporting
Package”); 

  
 73 

 (c)    Intercompany Indebtedness; Claims. At the time it furnishes
each set of financial statements under Sections 5.06(a) or (b) above, a certificate executed by a Responsible Officer of Holdings and the Borrower certifying as to the aggregate amount of all outstanding intercompany Indebtedness permitted
pursuant to Section 6.02 as of the end of the respective fiscal year or fiscal quarter and setting forth in reasonable detail payor and the recipient with respect thereto and whether a subordination agreement from such payor has been provided
to the Administrative Agent (which subordination agreement shall remain in full force and effect as of the date of such certificate). 

(d)    Oil and Gas Engineering Reports. 

(i)    As soon as available but in any event on or before March 1, 2018, and March 1st of each year thereafter, an
Independent Engineering Report dated effective as of the immediately preceding January 1st; 
 (ii)    As soon as
available but in any event on or before September 1, 2018, and September 1st of each year thereafter, an Internal Engineering Report or an Independent Engineering Report dated effective as of the immediately preceding July 1st; 

(iii)    With the delivery of each Engineering Report, a certificate from a Responsible Officer of the Borrower certifying
that, to the best of his knowledge and in all material respects: (A) the information contained in the Engineering Report and any other information delivered in connection therewith is true and correct, (B) except as set forth on an exhibit
to the certificate, on a net basis there are no gas imbalances, take or pay or other prepayments with respect to its Oil and Gas Properties evaluated in such Engineering Report which would require the Borrower or any Guarantor to deliver
Hydrocarbons produced from such Oil and Gas Properties at some future time without then or thereafter receiving full payment therefor, (C) none of its Oil and Gas Properties have been sold since the date of the last Borrowing Base determination
under the First Lien Credit Agreement except as set forth on an exhibit to the certificate, which certificate shall list all of its Oil and Gas Properties sold and in such detail as reasonably required by the Majority Lenders, (D) attached to
the certificate is a list of its Oil and Gas Properties added to and deleted from the immediately prior Engineering Report and a list showing any change in working interest or net revenue interest in its Oil and Gas Properties occurring and the
reason for such change, (E) attached to the certificate is a list of all Persons disbursing proceeds to the Borrower or to any Guarantor, as applicable, from its Oil and Gas Properties, and (F) except as set forth on a schedule attached to
the certificate, the Mortgage Requirement has been satisfied with respect to the Oil and Gas Properties evaluated by such Engineering Report. 

(e)    Hedging Reports. As soon as available and in any event within 60 days after the end of each fiscal quarter,
commencing with the quarter ending September 30, 2017, a report certified by a Responsible Officer of the Borrower in form reasonably satisfactory to the Administrative Agent prepared by the Borrower (i) covering each of the Oil and Gas
Properties 

  
 74 

 
of the Borrower and the Guarantors and detailing on a quarterly basis, any sales of the Borrower’s or any Guarantors’ Oil and Gas Properties during each such quarter (other than sales
of Hydrocarbons in the ordinary course of business), (ii) setting forth a true and complete list of all Hedge Contracts of the Borrower and the Guarantors and detailing the material terms thereof (including the type, term, effective date,
termination date and notional amounts or volumes), the net mark to market value thereof, all credit support agreements relating thereto (including any margin required or supplied), and the counterparty to each such agreement; provided that,
such required listing shall, in no event, be construed as permitting such credit supports which are not permitted under the terms of this Agreement, and (iii) setting forth a detailed description and calculation of the Engineering Report
Volumes for the Hedge Contracts then in effect. 
 (f)    Lease Operating Statements. Concurrently with each
delivery of financial statements under Section 5.06(a) and Section 5.06(b), a Lease Operating Statement for such calendar quarter. 

(g)    Annual Budget. Concurrently with each delivery of financial statements under Section 5.06(b) for the
last fiscal quarter in any fiscal year, a copy of Holdings’, the Borrower’s and its Restricted Subsidiaries’ consolidated annual budget for the forthcoming fiscal year, including the Borrower’s consolidated cash flow budget and
operating budget, certified as such by the Chief Executive Officer of Holdings. 
 (h)    Defaults; Borrowing Base
Deficiency. As soon as possible and in any event within three Business Days after (i) the occurrence of any Default, or (ii) any Borrowing Base Deficiency under the First Lien Credit Agreement, in each case known to any officer of each
Loan Party or any of its Restricted Subsidiaries which is continuing on the date of such statement, a statement of a Responsible Officer of such Loan Party setting forth the details of such Default or Borrowing Base Deficiency, as applicable, and
the actions which any Loan Party or any such Restricted Subsidiary has taken and proposes to take with respect thereto; 

(i)    Termination Events. As soon as possible and in any event, within 10 days after any Loan Party obtains
knowledge thereof (or such later date acceptable to the Administrative Agent in its sole discretion), copies of: (i) any unfavorable determination letter from the IRS regarding the qualification of an Employee Benefit Plan under
Section 401(a) of the Code (along with a copy thereof), (ii) all notices received by any Loan Party or any ERISA Affiliate of the PBGC’s intent to terminate any Pension Plan or to have a trustee appointed to administer any Pension Plan,
(iii) all notices received by any Loan Party or any ERISA Affiliate from a Multiemployer Plan sponsor concerning the imposition or amount of withdrawal liability pursuant to Section 4202 of ERISA, (iv) any notice of intent to
terminate any Pension Plan under a distress termination within the meaning of Section 4041(c) of ERISA, and (v) a written notice signed by a Responsible Officer describing the occurrence of any Termination Event or of any material
“prohibited transaction,” as described in Section 406 of ERISA or in Section 4975 of the Code, in connection with any Pension Plan or any trust created thereunder, and specifying what action Holdings, the Borrower or such
other ERISA Affiliate is taking or proposes to take with respect thereto, and, when known, any action taken or proposed by the Internal Revenue Service, the Department of Labor or the PBGC with respect thereto; 

  
 75 

 (j)    Environmental Notices. Promptly upon, and in any event no later
than 10 days after (or such longer period as the Administrative Agent may agree in its sole discretion), the receipt thereof, or the acquisition of knowledge thereof, by any Loan Party, a copy of any form of request, claim, complaint, order, notice,
summons or citation received from any Governmental Authority or any other Person, concerning (i) violations or alleged violations of Environmental Laws, which seeks to impose liability therefore in excess of $1,000,000 or which could otherwise
reasonably be expected to cause a Material Adverse Change, (ii) any action or omission on the part of any of the Loan Parties or any of their former Restricted Subsidiaries in connection with Hazardous Materials which could reasonably result in
the imposition of liability in excess of $1,000,000 or that could otherwise reasonably be expected to cause a Material Adverse Change or requiring that action be taken to respond to or clean up a Release of Hazardous Materials into the Environment
and such action or clean-up could reasonably be expected to exceed $1,000,000 or could reasonably be expected to cause a Material Adverse Change, including without limitation any information request related
to, or notice of, potential responsibility under CERCLA, or (iii) the filing of a Lien in connection with obligations arising under Environmental Laws upon, against or in connection with the Loan Parties, any of their respective Restricted
Subsidiaries, or any of their respective former Restricted Subsidiaries, or any of their leased or owned Property, wherever located, the value of which Lien could reasonably be expected to exceed $1,000,000; 

(k)    Other Governmental Notices. Promptly and in any event within 10 days after receipt thereof by any Loan Party
or Restricted Subsidiary thereof (or by such later date as the Administrative Agent may agree to in its sole discretion), a copy of any notice, summons, citation, or proceeding seeking to modify in any material respect, revoke, or suspend any
material contract, license, permit or agreement with any Governmental Authority; 
 (l)    Material Changes.
Prompt written notice and in any event within 10 days of any condition or event of which any Loan Party or any Restricted Subsidiary thereof has knowledge, which condition or event has resulted or could reasonably be expected to result in a Material
Adverse Change; 
 (m)    Disputes, Etc. Prompt written notice of (i) any claims, legal or arbitration
proceedings, proceedings before any Governmental Authority, or disputes pending, or to the knowledge of any Loan Party threatened in writing, or affecting any Loan Party or Restricted Subsidiary which, if adversely determined, could result in a
liability to any Loan Party or Restricted Subsidiary in an amount in excess of $5,000,000 or that could otherwise result in a cost, expense or loss to the Loan Parties or any of their respective Restricted Subsidiaries in excess of $5,000,000, or
any material labor controversy of which any Loan Party or Restricted Subsidiary has knowledge resulting in or reasonably considered to be likely to result in a strike against any Loan Party or Restricted Subsidiary thereof and (ii) any claim,
judgment, Lien or other encumbrance (other than a Permitted Lien) affecting any Property of any Loan Party or Restricted Subsidiary thereof if the value of the claim, judgment, Lien, or other encumbrance affecting such Property shall exceed
$5,000,000; 

  
 76 

 (n)    Other Accounting Reports. Promptly upon receipt thereof, a copy
of each other report or letter submitted to any Loan Party or Restricted Subsidiary thereof by independent accountants in connection with any annual, interim or special audit made by them of the books of any Loan Party or Restricted Subsidiary
thereof, and a copy of any response by any Loan Party or Restricted Subsidiary, or the board of directors (or other applicable governing body) of any Loan Party or Restricted Subsidiary, to such letter or report; 

(o)    Notices Under Other Loan Agreements. Promptly after the furnishing thereof, copies of any material written
statement, report or notice furnished to any lender, agent or trustee by any Loan Party or Restricted Subsidiary pursuant to the terms of any First Lien Loan Document or any other indenture, loan or credit or other similar agreement, with respect to
Indebtedness in excess of $5,000,000 (other than this Agreement) and not otherwise required to be furnished to the Lenders pursuant to any other provision of this Section 5.06 or not otherwise publicly filed; 

(p)    Material Amendments, Etc. No later than five Business Days after the effectiveness thereof, copies of any
material amendment, supplement, waiver or other modification in respect of any material First Lien Loan Document; provided that, the availability of the foregoing on the SEC’s EDGAR service (or successor thereto or similar service of any other
national securities exchange) shall be deemed to satisfy the Loan Parties’ delivery obligations pursuant to this clause (p); 

(q)    USA Patriot Act. Promptly, following a request by any Lender, all documentation and other information that
such Lender reasonably requests in order to comply with its ongoing obligations under applicable “know your customer” and anti-money laundering rules and regulations, including the Patriot Act; 

(r)    Responsible Officers. Promptly thereafter, but only to the extent Holdings is not otherwise required to
disclose such information in a filing with the SEC, written notices to the Administrative Agent of the departure or employment of any chief executive officer, chief financial officers, treasurer, president or other executive officer of the Borrower
or of Holdings; 
 (s)    SEC and Other Filings; Reports to Shareholders. Promptly after the same become publicly
available, copies of all periodic and other reports, proxy statements and other materials filed by Holdings or any Loan Party with the SEC, or with any national securities exchange, or distributed by such Loan Party to its shareholders generally, as
the case may be; and 
 (t)    Other Information. Such other information respecting the business or Properties,
or the condition or operations, financial or otherwise, of any Loan Party or Restricted Subsidiary thereof, as the Administrative Agent may from time to time reasonably request. Materials required to be delivered pursuant to
Section 5.06(a)(i) or (b)(i) (to the extent any such materials are included in materials otherwise filed with the SEC) shall be deemed to have been delivered hereunder upon such filing with the SEC on the date of such filing;
provided that, the Borrower shall deliver electronic copies of such materials to the Administrative Agent concurrently with the delivery of the applicable Annual Reporting Package and Quarterly Reporting Package with respect thereto. In any
event, the Administrative Agent shall have no obligation 

  
 77 

 
to request the delivery or to maintain copies of the materials referred to above, and 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 materials. 

Section 5.07     Maintenance of Property. Each of Holdings and the Borrower shall, and shall cause each of its
Restricted Subsidiaries to, maintain their owned, leased or operated material Property in good condition and repair, normal wear and tear excepted. Each of Holdings and the Borrower shall abstain, and cause each of its Restricted Subsidiaries to
abstain from, knowingly or willfully permitting the commission of waste or other injury, destruction, or loss of natural resources, or the occurrence of pollution, contamination, or any other condition in, on or about the owned, leased or operated
Property involving the Environment that could reasonably be expected to result in Response activities and that could reasonably be expected to cause a Material Adverse Change. 

Section 5.08    Collateral Matters; Guaranties. 

(a)    Each existing Restricted Subsidiary, and each Restricted Subsidiary acquired, organized or otherwise created after
the date hereof, that (i) guarantees any Indebtedness of the Borrower or any other Loan Party under any Credit Facility, (ii) is a Domestic Subsidiary and is obligated with respect to any Indebtedness under any Credit Facility or
(iii) which is otherwise not an Immaterial Subsidiary, shall, subject to Section 5.08(d), within 30 days after the date such Restricted Subsidiary guarantees any Indebtedness under any Credit Facility, becomes obligated with respect to
Indebtedness under any Credit Facility or otherwise ceases to be an Immaterial Subsidiary, (1) become a Guarantor by executing a Guaranty or a supplement to an existing Guaranty and deliver the same to the Administrative Agent, (2) execute
and deliver to the Collateral Agent such Security Instruments or amendments to Security Instruments as necessary to grant to the Collateral Agent, for the benefit of the Secured Parties, an Acceptable Security Interest in the Property (other than
Excluded Property and real Property not constituting Oil and Gas Property) of such new Subsidiary, including the execution and delivery by all necessary third parties of any Account Control Agreements and Mortgages, the filing of UCC financing
statements in such jurisdictions as may be required by the Security Agreement or by law, the filing of any Mortgages in appropriate filing offices and the making of any other filings required by law or as may be requested by the Collateral Agent,
and if requested by the Collateral Agent, deliver to the Collateral Agent legal opinions (but excluding title opinions) relating to the matters described above, which opinions shall be in form and substance, and from counsel, reasonably satisfactory
to the Collateral Agent. 
 (b)    At all times the Borrower shall, and shall cause each other Loan Party, to maintain
an Acceptable Security Interest sufficient to satisfy the Mortgage Requirement. 
 (c)    With respect to any Oil and
Gas Property or other Property acquired (including any interest acquired as the result of the formation of any pool or unit) after the Closing Date by any Loan Party as to which the Collateral Agent, for the benefit of the Secured Parties, does not
have an Acceptable Security Interest (other than any real Property not constituting an Oil and Gas Property subject to Section 5.08(d)), promptly, and in any event within 60 days, (i) execute

  
 78 

 
and deliver to the Collateral Agent such Security Instruments or amendments to Security Instruments and take all actions, including without limitation, the filing of any financing statements or
Mortgages, as the Collateral Agent deems necessary or advisable to grant to the Collateral Agent, for the benefit of the Secured Parties, an Acceptable Security Interest in such Property, and (ii) if such Property includes Oil and Gas
Properties having any Proven Reserves, deliver to the Collateral Agent legal opinions (but excluding title opinions) relating to the matters described in clause (i) immediately preceding as the Collateral Agent may reasonably request, which
opinions shall be in form and substance, and from counsel, reasonably satisfactory to the Collateral Agent; provided that unless a Property is acquired for a purchase price or other consideration in excess of $10,000,000, the Borrower shall
not be required to take the actions specified in this Section 5.08(c) prior to the end of the fiscal quarter in which the acquisition occurs, or if earlier, the date at which the cumulative amount of purchase price or other consideration for
all Property acquired in such quarter equals or exceeds $10,000,000, at which time all Property theretofore acquired and not previously made subject to a Lien in favor of the Collateral Agent shall be made so subject. 

(d)    Notwithstanding anything to the contrary herein or in any Loan Document, (i) if any Security Instruments or
Guaranties are required under this Section 5.08 to be delivered to the Administrative Agent, the Collateral Agent or any Lenders and the Loan Parties are also required to provide analogous guaranties to the First Lien Agent
or grant or perfect a Lien on the same Property under any First Lien Document that is the subject of such Security Instrument, and the First Lien Agent provides a longer period of time to the Loan Parties for the delivery of such analogous guaranty
or analogous security instrument, then the Loan Parties shall have such extended period of time, not to exceed 90 days, to deliver the analogous Guaranties and Security Instruments hereunder and (ii) in no event shall (x) an Excluded Tax
Subsidiary become a Guarantor or otherwise guarantee any Advance or other Obligation or (y) any Excluded Tax Collateral constitute Collateral or otherwise secure any Advance or other Obligation. 

Section 5.09    Use of Proceeds. Each of Holdings and the Borrower shall, and cause each of its Restricted
Subsidiaries to use the proceeds of the Advances (a) to directly or indirectly consummate the Initial Acquisition, (b) to pay the fees, costs and expenses incurred in connection with this Agreement, the Initial Acquisition, the Revolver
Amendment and the other transactions contemplated hereby, and (c) to provide ongoing working capital and for other general corporate purposes of the Borrower and its Restricted Subsidiaries. 

Section 5.10     Title Evidence and Opinions. Each of Holdings and the Borrower shall, and cause each of its
Restricted Subsidiaries to from time to time upon the reasonable request of the Administrative Agent, take such actions and execute and deliver such documents and instruments as the Administrative Agent shall reasonably require to ensure that the
Administrative Agent shall, at all times, have received satisfactory title evidence, which title evidence shall be in form and substance acceptable to the Administrative Agent in its reasonable discretion and shall include information regarding the
before payout and after payout ownership interests held by the Loan Parties, for all wells located on the Oil and Gas Properties, covering at least 90% of the Present Value of the Proven Reserves of the Loan Parties evaluated in the most recently
delivered Engineering Report as determined by the Administrative Agent. 

  
 79 

 Section 5.11    Further Assurances; Cure of Title Defects. 

(a)    Each of Holdings and the Borrower shall, and shall cause each Restricted Subsidiary to, cure promptly any defects in
the creation and issuance of the Notes and the execution and delivery of the Security Instruments and this Agreement. Each Loan Party hereby authorizes the Administrative Agent to file any financing statements without the signature of the Borrower
or such Guarantor, as applicable, to the extent permitted by applicable Legal Requirement in order to perfect or maintain the perfection of any security interest granted under any of the Loan Documents. Each of Holdings and the Borrower at its
expense will, and will cause each of its Restricted Subsidiaries to, promptly execute and deliver to the Administrative Agent upon its reasonable request all such other documents, agreements and instruments to comply with or accomplish the covenants
and agreements of the Loan Parties, as the case may be, in the Security Instruments and this Agreement, or to further evidence and more fully describe the collateral intended as security for the Obligations, or to correct any omissions in the
Security Instruments, or to state more fully the security obligations set out herein or in any of the Security Instruments, or to perfect, protect or preserve any Liens created pursuant to any of the Security Instruments, or to make any recordings,
to file any notices or obtain any consents, all as may be necessary or appropriate in connection therewith or to enable the Administrative Agent to exercise and enforce its rights and remedies with respect to any Collateral. 

(b)    Within 60 days after (i) a request by the Administrative Agent or the Majority Lenders to cure title defects
or exceptions which are not Permitted Liens raised by such information with respect to the Oil and Gas Properties included in the Borrowing Base or (ii) a notice by the Administrative Agent that any Loan Party has failed to comply with
Section 5.10 above, Holdings and the Borrower shall cause such Loan Party to (i) cure such title defects or exceptions which are not Permitted Liens or substitute acceptable Oil and Gas Properties with no title defects or exceptions except
for Permitted Liens covering Collateral of an equivalent value and (ii) deliver to the Administrative Agent satisfactory evidence of such cure or as to any substitute Oil and Gas Properties satisfactory title evidence (including supplemental or
new title opinions meeting the foregoing requirements) in form and substance acceptable to the Administrative Agent in its reasonable business judgment as to the Loan Parties’ ownership of such Oil and Gas Properties and the Administrative
Agent’s Liens and security interests therein as are required to maintain compliance with Section 5.10. 

Section 5.12    Operation and Maintenance of Oil and Gas Properties. 

(a)    Further Assurances Related to Mortgages. Each of Holdings and the Borrower covenants, and cause each of its
Restricted Subsidiaries to covenant that each Loan Party shall execute and deliver such other and further instruments, and shall do such other and further acts as in the reasonable opinion of the Administrative Agent may be necessary or desirable to
carry out more effectively the purposes of the Mortgages, including without limiting the generality of the foregoing, (i) prompt correction of any defect in the execution or acknowledgment of such Mortgage, any written instrument comprising
part or all of the Obligations, or any other document used in connection herewith; (ii) prompt correction of any defect (other than Permitted Liens) which may hereafter be discovered in the title to the Collateral in accordance with Section
5.11 

  
 80 

 
herein; (iii) subject to the provisions of each Mortgage, prompt execution and delivery of all division or transfer orders or other instruments, which in the Administrative Agent’s
opinion are required to transfer to Collateral, for its benefit and the ratable benefit of the other Secured Parties, the assigned proceeds from the sale of Hydrocarbons from the Oil and Gas Properties; and (iv) other than as permitted
hereunder, prompt payment when due and owing of all Taxes, assessments and governmental charges imposed on such Mortgage or upon the interest of the Administrative Agent. 

(b)    Preservation of Liens. Other than as permitted hereunder, each of Holdings and the Borrower covenants, and
cause each of its Restricted Subsidiaries to covenant that each Loan Party shall maintain and preserve the Lien and security interest created under each Mortgage to which such Loan Party is a party as an Acceptable Security Interest. 

(c)    Insurance. To the extent that insurance is carried by a third-party operator on behalf of any Loan Party,
upon reasonable request by Administrative Agent, the each of Holdings and the Borrower shall, and shall cause each Restricted Subsidiary to use its reasonable efforts to obtain and provide the Administrative Agent with copies of certificates of
insurance showing such Loan Party as a named insured. Each such Loan Party hereby assigns to the Administrative Agent for its benefit and the benefit of the other Secured Parties any and all monies that may become payable under any such policies of
insurance by reason of damage, loss or destruction of any of the Collateral. 
 (d)    Leases; Development and
Maintenance. Each of Holdings and the Borrower shall, and shall cause its Restricted Subsidiaries to, (a) pay and discharge promptly, or make reasonable and customary efforts to cause to be paid and discharged promptly, all rentals, delay
rentals, royalties, overriding royalties, payments out of production and other indebtedness or obligations accruing under, and perform or make reasonable and customary efforts to cause to be performed each and every act, matter or thing required by
each and all of, the oil and gas leases and all other agreements and contracts constituting or affecting the Oil and Gas Properties of the Loan Parties except to the extent the failure to do so, individually or in the aggregate, could not reasonably
be expected to result in a Material Adverse Change, (b) do all other things reasonably necessary to keep unimpaired its rights thereunder and prevent any forfeiture thereof or default thereunder, and operate or cause to be operated such
Properties as a prudent operator would in accordance with industry standard practices and in compliance with all applicable proration and conservation Legal Requirements and any other Legal Requirements of every Governmental Authority, whether
state, federal, municipal or other jurisdiction, from time to time constituted to regulate the development and operations of oil and gas properties and the production and sale of oil, gas and other Hydrocarbons therefrom, except to the extent the
failure to do so, individually or in the aggregate, could not reasonably be expected to result in a Material Adverse Change, and (c) maintain in all material respects (or make reasonable and customary efforts to cause to be maintained in all
material respects) the Leases, wells, units and acreage to which the Oil and Gas Properties of the Loan Parties pertain in a prudent manner consistent with industry standard practices. 

Section 5.13    Anti-Corruption Laws; Sanctions. Each of Holdings and the Borrower shall, and will cause each
Restricted Subsidiary to maintain in effect and enforce policies and procedures designed to ensure compliance by each Loan Party and its respective directors, officers, employees and agents with Anti-Corruption Laws and applicable Sanctions. 

  
 81 

 Section 5.14    Environmental Matters. Each of Holdings and the
Borrower shall, and shall cause each Restricted Subsidiary to, establish and implement commercially reasonable measures as may be reasonably necessary to assure that, except as could not reasonably be expected to have a Material Adverse Change:
(a) all Property of Holdings, the Borrower and the Restricted Subsidiaries and the operations conducted thereon and other activities of Holdings, the Borrower and the Restricted Subsidiaries are in compliance with and do not violate the
requirements of any Environmental Laws, (b) all oil, oil and gas production or exploration wastes, Hazardous Materials or solid wastes generated in connection with their operations are disposed of or otherwise handled in compliance with
Environmental Laws, (c) no Hazardous Materials will be Released on, at or from any of their owned or leased Property, other than permitted Releases and Releases in a quantity which does not require reporting pursuant to Section 103 of
CERCLA, and (d) no oil, oil and gas exploration and production wastes or Hazardous Materials or solid wastes are Released on, at or from any such Property so as to pose an imminent and substantial endangerment to public health, safety or
welfare or the Environment. 
 Section 5.15    ERISA Compliance. With respect to each Pension Plan, Holdings
or the Borrower shall, and shall cause each other ERISA Affiliate to, (a) satisfy in full and in a timely manner, without incurring any material late payment or underpayment charge or penalty and without giving rise to any Lien, all of the
contribution and funding requirements of Section 412 of the Code (determined without regard to subsections (d), (e), (f) and (k) thereof) and of Section 302 of ERISA (determined without regard to sections 303, 304 and 306 of ERISA),
and (b) pay, or cause to be paid, to the PBGC in a timely manner, without incurring any material late payment or underpayment charge or penalty, all premiums required pursuant to sections 4006 and 4007 of ERISA. 

Section 5.16    Designation of Restricted and Unrestricted Subsidiaries. 

(a)     The Borrower may designate any Restricted Subsidiary to be an Unrestricted Subsidiary if: 

(i)    the Borrower could make the Investment which is deemed to occur upon such designation in accordance
with Section 6.06 equal to the appropriate fair market value of all outstanding Investments owned by Holdings, the Borrower and the Restricted Subsidiaries in such Subsidiary at the time of such designation; 

(ii)    such Restricted Subsidiary meets the definition of an “Unrestricted Subsidiary”; 

(iii)    the designation would not constitute or cause (with or without the passage of time) a Default or
Event of Default or no Default or Event of Default would be in existence following such designation; and 

  
 82 

 (iv)    the Borrower delivers to the Collateral Agent a
certified copy of a resolution of the Board of Directors of the Borrower giving effect to such designation and a certificate of a Responsible Officer certifying that such designation complied with the preceding conditions and was permitted by
Section 6.06. 
 If a Restricted Subsidiary is designated as an Unrestricted Subsidiary, the aggregate fair market value of all
outstanding Investments owned by the Borrower and its Restricted Subsidiaries in the Subsidiary designated as an Unrestricted Subsidiary will be deemed to be an Investment made as of the time of the designation and will reduce the amount available
for Investments under Section 6.06, as determined by the Borrower. 
 If, at any time, any Unrestricted Subsidiary designated as such
would fail to meet the preceding requirements as an Unrestricted Subsidiary or any other Unrestricted Subsidiary would fail to meet the definition of an “Unrestricted Subsidiary,” then such Subsidiary will thereafter cease to be an
Unrestricted Subsidiary for purposes of this Agreement and any Indebtedness of such Subsidiary will be deemed to be incurred by a Restricted Subsidiary as of such date and, if such Indebtedness is not permitted to be incurred as of such date under
Section 6.02, the Borrower or the applicable Restricted Subsidiary will be in default of such covenant. 

(b)    The Borrower may designate any Unrestricted Subsidiary to be a Restricted Subsidiary if: 

(i)    the Borrower and the Restricted Subsidiaries could incur the Indebtedness which is deemed to be
incurred upon such designation under Section 6.02, equal to the total Indebtedness of such Subsidiary calculated on a Pro Forma Basis as if such designation had occurred on the first day of the four-quarter reference period; 

(ii)    the designation would not constitute or cause a Default or Event of Default; and 

(iii)    the Borrower delivers to the Collateral Agent a certified copy of a resolution of the Board of
Directors of Holdings giving effect to such designation and a certificate of a Responsible Officer certifying that such designation complied with the preceding conditions, including the incurrence of Indebtedness under Section 6.02. 

Section 5.17    Post-Closing Obligations. On or before the date that is 60 days after the Closing Date (or
such later date as may be agreed by the Collateral Agent in its sole discretion), the Collateral Agent shall have received: 

(a)     all appropriate evidence required by the Collateral Agent and the Lenders in their sole discretion necessary to
determine that the Mortgage Requirement has been satisfied and that all actions or filings necessary to protect, preserve, and validly perfect such Liens have been made, taken, or obtained, as the case may be, and are in full force and effect;

  
 83 

 (b)    favorable local counsel opinions in such jurisdictions where Mortgages
need to be filed in order to comply with the requirements of Section 5.17(a) covering matters as the Collateral Agent may reasonably request; and 

(c)    Account Control Agreements to the extent required under Section 6.23. 

ARTICLE VI 
 NEGATIVE
COVENANTS 
 So long as any Obligations (other than contingent indemnity obligations for which no claim has been made) under any Loan
Document shall remain unpaid, each Loan Party agrees, unless the Majority Lenders otherwise consent in writing, to comply with the following covenants. 

Section 6.01    Liens, Etc. Holdings and the Borrower shall not create, assume, incur, or suffer to exist, and
shall not permit any of its Restricted Subsidiaries to create, assume, incur, or suffer to exist, any Lien on or in respect of any of its Property (including any right to receive income) whether now owned or hereafter acquired, except that each Loan
Party and Restricted Subsidiary may create, incur, assume, or suffer to exist: 
 (a)    Liens granted pursuant to the
Security Instruments and securing the Obligations; 
 (b)    Liens on equipment, fixtures and other personal Property
securing Indebtedness permitted under Section 6.02(c); provided that (i) such Liens shall be created substantially simultaneously with the acquisition, repair, improvement or lease, as applicable, of the related Property, (ii) such
Liens do not at any time encumber any property other than the Property financed by such Indebtedness, (iii) the amount of Indebtedness secured thereby is not increased and (iv) the principal amount of Indebtedness secured by any such Lien
shall at no time exceed 100% of the original price for the purchase, repair improvement or lease amount (as applicable) of such Property at the time of purchase, repair, improvement or lease (as applicable) together with any financing for interest
thereon; 
 (c)    Liens for Taxes, assessments and other governmental charges or levies (excluding any Lien imposed
pursuant to any of the provisions of ERISA or Environmental Laws) (i) not yet due or as to which the period of grace (not to exceed 90 days), if any, related thereto has not expired or (ii) which are being contested in good faith and by
appropriate proceedings if adequate reserves are maintained to the extent required by GAAP; 
 (d)    the claims of
materialmen, mechanics, carriers, warehousemen, processors, repairmen, suppliers, workers, or landlords for labor, materials, supplies, rentals or other like claims incurred in the ordinary course of business, which (i) are not overdue for a
period of more than the longer of 90 days or the grace period therefor, or if overdue for more than such period, no action has been taken to enforce such Liens, (ii) to the extent overdue, such Liens are being contested in good faith and by
appropriate proceedings if adequate reserves are maintained to the extent required by GAAP or (iii) do not, individually or in the aggregate, materially impair the use thereof in the operation of the business of Holdings or any of its
Restricted Subsidiaries; 

  
 84 

 (e)    royalties, overriding royalties, net profits interests, production
payments, reversionary interests, calls on production, preferential purchase rights and other burdens on or deductions from the proceeds of production, that do not secure Indebtedness and that are taken into account in computing the net revenue
interests and working interests of the Borrower or any of its Restricted Subsidiaries warranted in the Security Instruments or in this Agreement; 

(f)    deposits or pledges of cash or cash equivalents made in the ordinary course of business in connection with, or to
secure payment of, obligations under workers’ compensation, unemployment insurance and other types of social security or similar legislation, old age pension or public liability obligations, statutory obligations, regulatory obligations, surety
and appeal bonds (other than bonds related to judgments or litigation), government contracts, performance and return of money bonds, and bids and other obligations of a like nature incurred in the ordinary course of business, in each case, so long
as no foreclosure sale or similar proceeding has been commenced with respect to any portion of the Collateral on account thereof; 

(g)    Liens arising under operating agreements, unitization and pooling agreements and orders, farmout agreements, gas
balancing or deferred production agreements, joint venture agreements, oil and gas partnership agreements, oil and gas leases, division orders, contracts for the sale, transportation or exchange of oil and natural gas, area and mutual interest
agreements, marketing agreements, processing agreements, net profit agreements, development agreements, injection, repressuring and recycling agreements, salt water or other disposal agreements, seismic or other geophysical permits or agreements,
and other agreements, in each case, (i) that are customary in the oil, gas and mineral production business, and (ii) that are entered into by the Borrower or any Restricted Subsidiary in the ordinary course of business; provided
that, in any event, (w) if such Liens could have the effect of reducing net revenue interests or increasing working interests of the Borrower without a corresponding increase in the net revenue interest in such Oil and Gas Property or any of
its Restricted Subsidiaries from such values set forth in the most recently delivered Engineering Report, then the Borrower shall have provided to the Administrative Agent written notice of such Liens within 30 days of the incurrence of such Liens
accompanied by a Responsible Officer’s certification and calculation of the adjusted net revenue interests and working interests after taking into account such Liens, (x) such Liens secure amounts that are not overdue or are being
diligently contested in good faith by appropriate proceedings, if such reserve as may be required by GAAP shall have been made therefor, (y) such Liens are limited to the assets that are the subject of such agreements, and (z) such Liens
shall not be in favor of any Person that is an Affiliate of a Loan Party (other than any other Loan Party); 

(h)    easements, servitudes, permits, conditions, covenants, exceptions, rights-of-way, zoning restrictions, and other similar encumbrances, and minor defects in the chain of title that are customarily accepted in the oil and gas financing industry, none of which interfere with
the ordinary conduct of the business of the Borrower or any Restricted Subsidiary or materially detract from the value or use of the Property to which they apply; 

  
 85 

 (i)    Liens arising from the filing of precautionary UCC financing
statements relating solely to personal property leased pursuant to Operating Leases entered into in the ordinary course of business of the Borrower and its Restricted Subsidiaries; 

(j)     (i) Liens of a collecting bank arising in the ordinary course of business under Section 4- 210 of the Uniform
Commercial Code in effect in the relevant jurisdiction and (ii) Liens of any depositary bank in connection with statutory, common law and contractual rights of set-off and recoupment with respect to any Deposit Account of the Borrower or any
Restricted Subsidiary thereof; 
 (k)    any interest or title of a licensor, sublicensor, lessor or sublessor with
respect to any assets under any license or lease agreement entered into in the ordinary course of business which do not (i) interfere in any material respect with the business of the Borrower or its Restricted Subsidiaries or materially detract
from the value of the relevant assets of the Borrower or its Restricted Subsidiaries or (ii) secure any Indebtedness; 

(l)    Liens securing judgments for the payment of money not constituting an Event of Default; 

(m)     Liens on cash earnest money deposited pursuant to the terms of an agreement to acquire assets used in, or Persons
engaged in, the oil and gas business, as permitted by this Agreement; 
 (n)    licenses of intellectual property, none
of which, in the aggregate, interfere in any material respect with the business of the Borrower or its Restricted Subsidiaries or materially detract from the value of the relevant assets of the Borrower or its Restricted Subsidiaries; 

(o)    Liens on cash or cash equivalents in favor of any commercial bank to secure any and all obligations of any Loan
Party, whether absolute or contingent and howsoever and whensoever created, arising, evidenced or acquired (including all renewals, extensions and modifications thereof and substitutions therefor) in connection with (i) commercial credit cards,
(ii) stored value cards and (iii) any other Treasury Management Arrangement (including, without limitation, controlled disbursement, purchase card arrangements, automated clearinghouse transactions, return items, overdrafts and interstate
depository network services); 
 (p)    Liens securing First Lien Debt to the extent not prohibited by the Intercreditor
Agreement; 
 (q)    Liens securing obligations under Hedge Contracts entered into in compliance with Section 6.15;

 (r)    Liens on Equity Interests in Unrestricted Subsidiaries and joint ventures that are not Restricted
Subsidiaries, and rights directly related to such Equity Interests; 
 (s)    Liens securing Obligations under any
intercompany Indebtedness arrangements entered into in compliance with this Agreement; and 

  
 86 

 (t)    (i) Liens not otherwise permitted under the preceding provisions of
this Section 6.01 encumbering Oil and Gas Properties and securing obligations in the aggregate outstanding principal amount not to exceed $1,000,000, and (ii) Liens not otherwise permitted under the preceding provisions of this
Section 6.01 encumbering Properties (other than Oil and Gas Properties) and securing obligations in the aggregate outstanding principal amount not to exceed $10,000,000; provided that, in each case, such Liens are not incurred in
connection with any Indebtedness. 
 Section 6.02    Indebtedness, Guarantees, and Other Obligations.
Holdings and the Borrower shall not, and shall not permit any of their Restricted Subsidiaries to, create, assume, suffer to exist, or in any manner become or be liable in respect of, any Indebtedness except: 

(a)    the Obligations; 

(b)    Indebtedness (including any Treasury Management Arrangements secured by the Collateral securing such Credit
Facility) incurred by any Loan Party pursuant to any Credit Facility; provided that immediately after giving effect to such incurrence (and the application of proceeds therefrom) the aggregate outstanding principal amount of all such
Indebtedness (excluding the amount of any Treasury Management Arrangements) incurred under this clause (b) and then outstanding (with outstanding letters of credit being deemed to have a principal amount equal to the stated amount thereof) does
not exceed the greater of (i) $250,000,000 and (ii) 75% of the Present Value of the Loan Parties’ PDP Reserves as of such date of determination; 

(c)    Capital Lease Obligations and Indebtedness incurred in connection with purchase money indebtedness in an aggregate
outstanding principal amount not to exceed $10,000,000; 
 (d)    Indebtedness under performance bonds, surety bonds,
release, appeal and similar bonds, statutory obligations or with respect to workers’ compensation claims, in each case incurred in the ordinary course of business, and reimbursement obligations in respect of any of the foregoing; 

(e)    unsecured Indebtedness of any Loan Party owing to any other Loan Party; provided that such Indebtedness is
subordinated in all respects to the Obligations on terms set forth in the Guaranty; 
 (f)    Indebtedness arising from
the honoring by a bank or other financial institution of a check, draft or other similar instrument drawn against insufficient funds in the ordinary course of business; 

(g)    Indebtedness under Hedge Contracts entered into in compliance with Section 6.15; 

(h)    endorsements of negotiable instruments for collection in the ordinary course of business; 

  
 87 

 (i)    Indebtedness incurred in the ordinary course of business in connection
with cash pooling arrangements, cash management, including any Treasury Management Arrangement and other similar arrangements consisting of netting arrangements and overdraft protections incurred in the ordinary course of business and not in excess
of $500,000 in the aggregate at any time outstanding; 
 (j)    unsecured Indebtedness incurred by any Loan Party;
provided that the Leverage Ratio for Holdings’ most recently ended four full fiscal quarters for which internal financial statements are available immediately preceding the date on which such additional Indebtedness is incurred would not
have been greater than 3.0 to 1.0, determined on a Pro Forma Basis; provided further that such Indebtedness does not require any payments of principal prior to the stated maturity thereof (other than provisions with respect to asset
sales and change of control, in each case, customarily included for publicly traded high-yield issuances of similarly situated issuers) and has a final maturity date no earlier than 91 days after the Maturity Date in effect at the time of issuance
thereof; 
 (k)    unsecured Indebtedness not otherwise permitted under the preceding provisions of this
Section 6.02; provided that, the aggregate outstanding principal amount of such unsecured Indebtedness shall not exceed $10,000,000; and 

(l)    any Guarantee by any Loan Party of any Indebtedness of any other Loan Party so long as such underlying Indebtedness
is otherwise permitted by this Section 6.02 and the terms of such Guarantee would otherwise be permitted by this Section 6.02 if such Guarantee were the primary obligation. 

Section 6.03    Agreements Restricting Liens and Distributions. Holdings and the Borrower shall not, and shall
not permit any of its Restricted Subsidiaries to, create, incur, assume or permit to exist any contract, agreement or understanding which in any way prohibits or restricts the granting, conveying, creation or imposition of any Lien on any of its
Property, whether now owned or hereafter acquired, to secure the Obligations or restricts any Loan Party from paying dividends to any other Loan Party, or which requires the consent of or notice to other Persons in connection therewith;
provided, that the foregoing shall not apply to: (a) restrictions in this Agreement, any other Loan Document or in any First Lien Loan Document, (b) customary restrictions imposed on the granting, conveying, creation or imposition
of any Lien on any Property of the Borrower or its Restricted Subsidiaries imposed by any contract, agreement or understanding related to the Liens permitted under clause (b) and clause (r) of Section 6.01 so long as such restriction
only applies to the Property permitted under such clauses to be encumbered by such Liens, (c) customary restrictions and conditions with respect to the sale or disposition of Property or Equity Interests permitted hereunder pending the
consummation of such sale or disposition, (d) customary restrictions imposed on the granting, conveying, creation or imposition of any Lien found in any lease, license or similar contract as they affect any Property or Lien subject to such
lease, license or contract, (e) customary prohibitions on assignment of rights contained in software license agreements, (f) customary provisions restricting subletting or assignment of any lease governing a leasehold interest (other than
any Oil and Gas Property) of any Loan Party and (g) prohibitions or restrictions in joint venture agreements or agreements entered into in connection with joint ventures with respect 

  
 88 

 
to the transfer of, or the making of dividends or distributions with respect to, Equity Interests in any joint venture, or with respect to the transfer of or other encumbrance with respect to
Property that is the subject of any joint venture or agreements entered into in connection therewith. 

Section 6.04    Merger or Consolidation; Asset Sales. Holdings and the Borrower shall not, and shall not
permit any of their Restricted Subsidiaries to: 
 (a)    dissolve; provided that (i) any Loan Party (other
than Holdings and the Borrower) may dissolve as long as assets thereof are transferred to or become the Property of another Guarantor or Borrower and (ii) any Restricted Subsidiary that is not a Guarantor may dissolve as long as the assets
thereof are transferred to or become the Property of a Guarantor (other than Holdings) or the Borrower or another Restricted Subsidiary that is not a Guarantor; 

(b)    merge or consolidate with or into any other Person; provided that (i) the Borrower may merge or may be
consolidated into any Guarantor (other than Holdings) if the Borrower is the surviving entity, (ii) any Loan Party (other than Holdings and the Borrower) may merge or may be consolidated into any other Guarantor (other than Holdings), (iii) any
Restricted Subsidiary that is not a Guarantor may merge or may be consolidated into any Guarantor (other than Holdings) or the Borrower or another Restricted Subsidiary that is not a Guarantor and (iv) any Restricted Subsidiary may merge or may
be consolidated with any other Person as part of a Disposition permitted by Section 6.04(c); or 
 (c)    Dispose
of any of its Property (including, without limitation, any working interest, overriding royalty interest, production payments, net profits interest, royalty interest, or mineral fee interest), other than: 

(i)    the sale of Hydrocarbons or liquidation of Liquid Investments in the ordinary course of business;

 (ii)    the Disposition of equipment that is (A) obsolete or worn out and Disposed of in the
ordinary course of business, (B) no longer necessary for the business of such Person or (C) contemporaneously replaced by equipment of at least comparable value and use; 

(iii)    the Disposition of Property between or among Loan Parties or between or among Restricted
Subsidiaries that are not Loan Parties; 
 (iv)    the Disposition of Oil and Gas Properties for which
there are no attributable Proven Reserves so long as (A) such Oil and Gas Property is not Collateral and is not otherwise required pursuant to the terms of this Agreement to be Collateral or (B) such Disposition is a Permitted Asset Swap;
provided that, the Oil and Gas Properties permitted to be Disposed of under this clause (B) shall not exceed 500 acres in the aggregate between scheduled Borrowing Base redeterminations; 

  
 89 

 (v)    Casualty Events, Dispositions constituting Restricted
Payments permitted under Section 6.05 and Dispositions constituting Investments permitted under Section 6.06; 

(vi)    licenses of intellectual property, none of which, in the aggregate, materially impair the operation
of the business of any Loan Party; 
 (vii)    the abandonment of intellectual property that is no longer
material to the operation of the business of any Loan Party; 
 (viii)    so long as no Event of Default
has occurred and is continuing or would be caused thereby, the Disposition of Oil and Gas Properties (and the Disposition of Equity Interests in any Restricted Subsidiary that owns such Oil and Gas Properties) and the occurrence of any Hedge Event
so long as: 
 (A)    as to any such Disposition, (1) the cash or cash equivalents received as
consideration therefor must be equal to 75% of the consideration received in respect thereof, (2) the consideration received in respect of such Disposition is equal to or greater than the fair market value of such Oil and Gas Properties,
interest therein or Restricted Subsidiary subject of such Disposition (as reasonably determined by the chief financial officer or equivalent officer of the Borrower for Dispositions for consideration of less than $20,000,000 and as reasonably
determined by the Board of Directors of the Borrower for all other Dispositions and, if requested by the Administrative Agent, the Borrower shall deliver a certificate of a Responsible Officer of the Borrower certifying to that effect), and
(3) if any such Disposition is of a Restricted Subsidiary owning Oil and Gas Properties, such Disposition includes all the Equity Interests of such Restricted Subsidiary; 

(B)    to the extent applicable, the Borrower shall have made (or caused to be made) all mandatory
prepayments required under the First Lien Credit Agreement in connection therewith; and 
 (C)    the
Borrower shall have complied with the requirements of Section 2.04 of this Agreement. 

Section 6.05    Restricted Payments. Holdings and the Borrower shall not, and shall not permit any of their
Restricted Subsidiaries to, make any Restricted Payments other than: 
 (a)    Permitted Tax Distributions so long as no
Event of Default under Section 7.01(a), Section 7.01(c) (on account of a breach of Section 6.04) or Section 7.01(e) has occurred and is continuing; 

(b)    Restricted Payments to any other Loan Party subject to any subordination terms thereof that may apply; 

  
 90 

 (c)    Holdings may, so long as no Event of Default has occurred and is
continuing, purchase the Equity Interests of Holdings owned by future, present or former officers, directors, employees or consultants of any Loan Party or make payments to employees of any Loan Party upon termination of employment in connection
with the exercise of stock options, stock appreciation rights or similar equity incentives or equity-based incentives pursuant to management incentive plans or other similar agreements or in connection with the death or disability of such employees,
in an aggregate amount not to exceed $5 million in any calendar year (with unused amounts in any calendar year being carried over to succeeding calendar years subject to a maximum of $7.5 million in any calendar year); provided,
that the cancellation of Indebtedness owed to Holdings, the Borrower or any Restricted Subsidiary by any future, present or former member of management, director, employee or consultant of Holdings, the Borrower or Restricted Subsidiaries, and
borrowed to finance such person’s non-cash purchase of the Equity Interests of Holdings, which cancellation serves as consideration for the repurchase from any such person of such Equity Interests, will
not be deemed to constitute a Restricted Payment for purposes of this Section 6.05 or any other provision of this Agreement; 

(d)    repurchases of Equity Interests in any Loan Party deemed to occur upon exercise of stock options or warrants or
similar rights if such Equity Interests represents a portion of the exercise price of such options or warrants or similar rights shall be permitted (as long as the Loan Parties make no payment in connection therewith that is not otherwise permitted
hereunder); 
 (e)    any purchase, repurchase, redemption, defeasance or other acquisition or retirement of Equity
Interests made by exchange (including any such exchange pursuant to the exercise of a conversion right or privilege in connection with which cash is paid in lieu of the issuance of fractional shares) for, or out of the proceeds of the substantially
concurrent sale of, Equity Interests of Holdings or a substantially concurrent contribution to the equity of Holdings, in each case, occurring after the date of this Agreement; and 

(f)    Restricted Payments in an aggregate amount not to exceed the excess of (i) $25,000,000 less (ii) any
Investments made in accordance with Section 6.06(j). 
 Section 6.06    Investments. Holdings and the
Borrower shall not, and shall not permit any of their Restricted Subsidiaries to, make or permit to exist any Investments or purchase or commit to purchase any Equity Interests or other securities or evidences of indebtedness of or interests in any
Person or any Oil and Gas Properties or activities related to Oil and Gas Properties, except: 
 (a)    Liquid
Investments; 
 (b)    trade and customer accounts receivable arising in the ordinary course of business; 

(c)    Investments (i) in any Loan Party, (ii) in any Person which concurrently with such Investment becomes a
Loan Party and (iii) by any non-Loan Party Restricted Subsidiary in any other Restricted Subsidiary; 

  
 91 

 (d)    Investments received in connection with the bankruptcy or
reorganization of, or settlement of delinquent accounts and disputes with, customers and suppliers, in each case in the ordinary course of business; provided that, the aggregate amount of such Investment shall not exceed $1,000,000; 

(e)    Investments consisting of any deferred portion of the sales price received by the Borrower or any Restricted
Subsidiary or any other Investment received as consideration in connection with any sale of assets permitted hereunder; 

(f)    Investments in direct ownership interests in additional Oil and Gas Properties and gas gathering systems related
thereto or related to farm-out, farm-in, joint operating, joint ventures (other than Investments in any joint venture involving a transfer or contribution of PDP Reserves of the Loan Parties or any Restricted Subsidiaries to such joint venture) or
area of mutual interest agreements, gathering systems, pipelines or other similar arrangements which are usual and customary in the oil and gas exploration and production business located within the geographic boundaries of the United States of
America (but not the offshore federal waters of the United States); 
 (g)    Hedge Contracts to the extent permitted
under Section 6.15; 
 (h)    Permitted Acquisitions; 

(i)    the Initial Acquisition; 

(j)    Investments not otherwise permitted under this Section 6.06 so long as (i) the aggregate amount of the
Investments permitted under this clause (j) shall not exceed the excess of (y) $25,000,000 less (z) any Investments made in accordance with Section 6.05(f) and (ii) no such Investment is used for a Permitted Acquisition;

 (k)    Investments in an amount not to exceed the net cash proceeds received from Equity Issuances consummated after
the Closing Date (For the avoidance of doubt, it is understood that the Investments permitted under this clause (k) shall not affect the Borrower’s ability to make Investments otherwise permitted under any of clauses (a) through (j)
above and (l) below.); and 
 (l)    Investments received in consideration of Dispositions of Property permitted
under Section 6.04. 
 Section 6.07    Acquisitions. Holdings and the Borrower shall not, and shall not
permit any of its Restricted Subsidiaries to, make any Acquisition in a single transaction or related series of transactions other than a Permitted Acquisition. 

Section 6.08    Affiliate Transactions. Holdings and the Borrower shall not, and shall not permit any of its
Restricted Subsidiaries to, directly or indirectly, enter into or permit to exist any transaction or series of transactions (including, but not limited to, the purchase, sale, lease or exchange of Property, the making of any Investment, the giving
of any guaranty, the assumption of any obligation or the rendering of any service) with any of their Affiliates (each, 

  
 92 

 
an “Affiliate Transaction”), unless the Affiliate Transaction is on terms that are no less favorable (taken as a whole) to Holdings, the Borrower or the relevant Restricted
Subsidiary than those that could have been obtained in a comparable arm’s length transaction with a Person that is not such an Affiliate or, if in the good faith judgment of the Board of Directors of the Borrower, no comparable transaction is
available with which to compare such Affiliate Transaction, such Affiliate Transaction is otherwise fair to the Borrower or the relevant Restricted Subsidiary from a financial point of view; provided, however, the
foregoing provisions of this Section 6.08 shall not apply to: 
 (a)    transactions solely among the Loan Parties
or solely among Restricted Subsidiaries that are not Loan Parties; 
 (b)    the performance of employment, equity
award, equity option or equity appreciation agreements, plans or other similar compensation or benefit plans or arrangements (including vacation plans, health and insurance plans, deferred compensation plans and retirement or savings plans) entered
into by Holdings, the Borrower or any Restricted Subsidiary in the ordinary course of its business with its or for the benefit of is employees, officers and directors; 

(c)    fees and compensation to, and indemnity provided on behalf of, officers, directors, and employees of Holdings, the
Borrower or any Restricted Subsidiary in their capacity as such, to the extent such fees and compensation are customary; 

(d)    Restricted Payments permitted hereunder; 

(e)    any issuance of Equity Interests (other than Disqualified Equity Interests) to, or the receipt by the Borrower of
any capital contribution from, Holdings; and any transactions with Holdings, including Permitted Tax Distributions, effected pursuant to the terms of the Loan Documents; and 

(f)    transactions in which the Borrower or any Restricted Subsidiary, as the case may be, delivers to the Administrative
Agent a letter from an independent accounting, appraisal or investment banking firm of national standing stating that such transaction is fair to the Borrower or such Restricted Subsidiary from a financial point of view or meets the requirements of
the first paragraph of this Section 6.08. 
 Section 6.09    Compliance with ERISA. To the extent it
could reasonably be expected to, individually or in the aggregate, result in liability to any Loan Party in excess of $20,000,000, Holdings and the Borrower shall not, and shall not permit any of its Restricted Subsidiaries to, directly or
indirectly, (a) engage in any transaction in connection with which any Loan Party or any ERISA Affiliate could be subjected to either a civil penalty assessed pursuant to section 502(c), (i) or (l) of ERISA or a tax imposed by Chapter 43
of Subtitle D of the Code; (b) terminate, or permit any ERISA Affiliate to terminate, any Pension Plan in a manner, or take any other action with respect to any Pension Plan, which could result in any liability to any Loan Party or any ERISA
Affiliate to the PBGC; (c) fail to make, or permit any ERISA Affiliate to fail to make, full payment when due of all amounts which, under the provisions of any Pension 

  
 93 

 
Plan, agreement relating thereto or applicable law, any Loan Party or any ERISA Affiliate is required to pay as contributions thereto; (d) permit to exist, or allow any ERISA Affiliate to
permit to exist, any unpaid minimum required contribution within the meaning of Section 302 of ERISA or Section 412 of the Code, whether or not waived, with respect to any Pension Plan; or (e) incur, or permit any ERISA Affiliate to
incur, a liability to or on account of an Employee Benefit Plan under sections 515, 4062, 4063, 4064, 4201 or 4204 of ERISA. 

Section 6.10    
Sale-and-Leaseback. Holdings and the Borrower shall not, and shall not permit any of its Restricted Subsidiaries to, sell or transfer to a Person any Property,
whether now owned or hereafter acquired, if at the time or thereafter such Loan Party thereof shall lease as lessee such Property or any part thereof or other Property which such Loan Party or Restricted Subsidiary thereof intends to use for
substantially the same purpose as the Property sold or transferred. 
 Section 6.11    Change of Business;
Foreign Operations or Subsidiaries. Holdings and the Borrower shall not, and shall not permit any of its Restricted Subsidiaries to, (a) materially change the character of its business, taken as a whole, as an independent oil and gas
exploration and production company (including the acquisition, exploration, development, financing, ownership, operation, production, maintenance, storage, transportation, gathering, processing and marketing of Hydrocarbons and the Oil and Gas
Properties), (b) operate any business in any jurisdiction other than the United States (but not the offshore federal waters of the United States), or (c) create or acquire any Subsidiary other than a Subsidiary organized under the laws of any
jurisdiction within the United States (including territories thereof). 
 Section 6.12    Name Change.
Holdings and the Borrower shall not, and shall not permit any of its Restricted Subsidiaries to, amend its name or change its jurisdiction of incorporation, organization or formation without (a) providing written notice to the Administrative
Agent at least five (5) Business Days after such change and (b) taking all actions reasonably required by the Administrative Agent or the Collateral Agent to maintain an Acceptable Security Interest in all of the Collateral. 

Section 6.13    Use of Proceeds. 

(a)    Holdings and the Borrower shall not, and shall not permit any of its Restricted Subsidiaries to, permit the proceeds
of any Advance to be used for any purpose other than those permitted by Section 5.09. No Loan Party shall engage in the business of extending credit for the purpose of “purchasing” or “carrying” any “margin stock”
(as each such term is defined or used, directly or indirectly, in Regulation U). Neither Holdings, the Borrower, nor any Person acting on behalf of a Loan Party has taken or shall take, nor permit any of the Restricted Subsidiaries to take any
action which might cause any of the Loan Documents to violate Regulation T, U or X or any other regulation of the Board of Governors of the Federal Reserve System or to violate Section 7 of the Securities Exchange Act of 1934 or any rule or
regulation thereunder, in each case as now in effect or as the same may hereinafter be in effect, including without limitation, the use of the proceeds of any Advance to purchase or carry any margin stock in violation of Regulation T, U or X.
Holdings shall not permit more than 25% of the consolidated assets of Holdings and its Restricted Subsidiaries to consist of “margin stock” (as each such term is defined or used, directly or indirectly, in Regulation U). 

  
 94 

 (b)    The Borrower shall not request any Advance, and Holdings shall not
use, and shall ensure that its Restricted Subsidiaries and its or their respective directors, officers, employees and agents shall not use, directly or indirectly, the proceeds of any Advance (i) in furtherance of an offer, payment, promise to
pay, or authorization of the payment or giving of money, or anything else of value, to any Person in violation of any Anti-Corruption Laws, (ii) for the purpose of funding, financing or facilitating any
activities, business or transaction of or with any Sanctioned Person, or in any Sanctioned Country, or (iii) in any manner that would result in the violation of any Sanctions applicable to any party hereto. 

Section 6.14    Gas Imbalances, Take-or-Pay or Other Prepayments.
Holdings and the Borrower shall not, and shall not permit any of its Restricted Subsidiaries to, allow gas imbalances, take-or-pay or other prepayments with respect to
the Oil and Gas Properties of any Loan Party or any Restricted Subsidiary which would require any Loan Party or any Restricted Subsidiary to deliver their respective Hydrocarbons produced on a monthly basis from such Oil and Gas Properties at some
future time without then or thereafter receiving full payment therefor other than to the extent not exceeding two percent (2%) of the aggregate monthly volumes of Hydrocarbons (on an Mcf equivalent basis) anticipated to be produced from the
Borrower’s and the Guarantors’ proved developed producing reserves listed in the most recent Engineering Report. 

Section 6.15    Hedging Limitations. Holdings and the Borrower shall not, and shall not permit any of their
Restricted Subsidiaries to, enter into any Hedge Contract (or any trade or transaction thereunder) except for the Hedge Contracts entered into in the ordinary course of business and not for speculative purposes. 

Section 6.16    Fiscal Year; Fiscal Quarter. Holdings and the Borrower shall not, and shall not permit any of
its Restricted Subsidiaries to, change its fiscal year or any of its fiscal quarters. 

Section 6.17    Limitation on Operating Leases. Holdings and the Borrower shall not, and shall not permit any
of its Restricted Subsidiaries to, create, incur, assume or suffer to exist any obligations for the payment of rent or hire of Property of any kind whatsoever (real or personal but excluding Capital Leases and leases of Hydrocarbons), under
Operating Leases which would cause the aggregate amount of all payments made by the Loan Parties pursuant to all Operating Leases, including any residual payments at the end of any lease, to exceed $5,000,000 in any period of twelve consecutive
calendar months during the life of such leases. 
 Section 6.18    Prepayment of Certain Debt and Other
Obligations; Amendment to First Lien Debt. 
 (a)    Holdings and the Borrower shall not, and shall not permit any of
their Restricted Subsidiaries to, prepay, redeem, purchase, defease or otherwise satisfy prior to the scheduled maturity thereof in any manner the principal amount of any Indebtedness of the Borrower or any

  
 95 

 
other Loan Party, or otherwise prepay any future accrual of interest on the principal amount of any Indebtedness (other than in connection with the payment of any make-whole amount or in
connection with transactions otherwise permitted hereunder), which is unsecured or contractually subordinated in lien priority or subordinated with respect to payments to the Obligations, except: 

(i)    prepayments in respect of any First Lien Debt; 

(ii)    the prepayment of the Obligations in accordance with the terms of this Agreement; 

(iii)    any prepayment, redemption, purchase, defeasance or other satisfaction as the result of the
conversion of Indebtedness permitted hereunder into Equity Interests of Holdings (other than Disqualified Equity Interests); 

(iv)    cash payments made in settlement of the Loan Parties’ obligations under
any indenture pursuant to which any convertible notes are issued upon the conversion or required repurchase of any such convertible notes thereunder; 

(v)    any prepayment, redemption, purchase, defeasance or other satisfaction in an amount equal to the Net
Cash Proceeds of any Disposition of Property which is not prohibited by Section 6.04 and not required to be applied to the repayment of the Obligations hereunder; 

(vi)    payments of principal (and accrued interest thereon) within one year of the stated maturity thereof
so long as the Borrower shall have delivered to the Administrative Agent a certificate of a Responsible Officer certifying that: (i) for the most recent fiscal quarter end preceding such payment for which financial statements are available
demonstrating, in form and substance reasonably satisfactory to the Administrative Agent, that the Borrower is in compliance with the then applicable ratio set forth in Section 6.17(a) of the First Lien Credit Agreement on a Pro Forma Basis
calculated in a manner acceptable to the Administrative Agent (as of the date of the payment and after giving effect thereto and any Indebtedness incurred in connection therewith), (ii) no Default or Event of Default shall have occurred and be
continuing both before and after giving effect to such payment and any Indebtedness incurred in connection therewith, and (iii) after giving effect to the payment, Availability shall be no less than 20% of the then effective Borrowing Base;

 (vii)    any intercompany Indebtedness between or among Loan Parties; 

(viii)    the purchase, repurchase, redemption, defeasance or other acquisition or retirement for value of
any unsecured or subordinated Indebtedness required thereunder as a result of an asset sale or change of control (i) at a purchase price not greater than 100% of the principal amount thereof, together with accrued interest, in the case of an
asset sale and (ii) at a purchase price not greater than 101% of the principal amount thereof, together with accrued interest, in the case of a change of control; provided that, prior to or simultaneously with such purchase, repurchase,
redemption, defeasance or 

  
 96 

 
other acquisition or retirement for value, the Borrower has made the Change in Control Offer or Asset Sale Prepayment, as applicable, as provided in such Section and has completed the repayment
of all Advances for which Lenders have elected to receive payment, and provided, further, if any such amount that the Lenders elect not to receive as a prepayment may be used to purchase, repurchase, redeem or otherwise acquire or
retire any unsecured or unsubordinated Indebtedness even if not required hereunder as a result of an asset sale or change of control; and 

(ix)    any prepayment, redemption, purchase, defeasance or other satisfaction with the proceeds of
Permitted Refinancing Debt. 
 (b)    Holdings and the Borrower shall not, and shall not permit any of their Restricted
Subsidiaries to, amend, restate, supplement or otherwise modify (or obtain any consent to or waiver of noncompliance from the terms of) any First Lien Loan Document in a manner prohibited by Section 7.01(a) of the Intercreditor Agreement. 

Section 6.19    Passive Holding Company. Notwithstanding anything herein to the contrary, Holdings shall not:

 (a)    hold any assets other than (i) the Equity Interests of the Borrower, (ii) agreements relating to the
issuance, sale, purchase, repurchase or registration of securities of Holdings, (iii) minute books and other corporate books and records of Holdings, (iv) assets in respect of Hedge Contracts entered into in connection with, or as required
under, this Agreement, and (v) other miscellaneous non- material assets incidental to the ownership of the Equity Interests of the Borrower or to the maintenance of the Borrower’s or Holdings’
corporate existence; 
 (b)    have any Indebtedness, obligations or other liabilities other than (i) the
liabilities under the Loan Documents and Hedge Contracts entered into in connection with, or as required under, this Agreement, (ii) Tax liabilities arising in the ordinary course of business, (iii) corporate, administrative and operating
expenses in the ordinary course of business and (iv) liabilities under any contracts or agreements described in (a)(ii) above; or 

(c)    engage in any activities or business other than (i) issuing shares of its own Equity Interests (other than
Disqualified Equity Interests), (ii) holding the assets and incurring the liabilities described in this Section 6.19 and activities incidental and related thereto or (iii) making payments, dividends, distributions, issuances or other
activities permitted pursuant to Section 6.05. 
 Section 6.20    Environmental Matters. Holdings and
the Borrower shall not, and shall not permit any of its Restricted Subsidiaries to, cause or permit any of its Property to be in violation of, or cause or permit a Release of Hazardous Materials which will subject any such Property to any Response
or remedial obligations required under, any Environmental Laws where such violations or Response or remedial obligations could (a) individually reasonably be expected to result in an Environmental Claim against any Loan Party or any Restricted
Subsidiary of a Loan Party in excess of $1,000,000, or (b) in the aggregate reasonably be expected to result in a Material Adverse Change. 

  
 97 

 Section 6.21    Marketing Activities. Holdings and the Borrower
shall not, and shall not permit any of its Restricted Subsidiaries to, engage in marketing activities for any Hydrocarbons or enter into any contracts related thereto other than (a) contracts for the sale of Hydrocarbons scheduled or reasonably
estimated to be produced from their proved Oil and Gas Properties during the period of such contract, (b) contracts for the sale of Hydrocarbons scheduled or reasonably estimated to be produced from proved Oil and Gas Properties of third
parties during the period of such contract associated with the Oil and Gas Properties of any Loan Party that such Loan Party has the right to market pursuant to joint operating agreements, unitization agreements or other similar contracts that are
usual and customary in the oil and gas business and (c) other contracts for the purchase and/or sale of Hydrocarbons of third parties (i) that have generally offsetting provisions (i.e. corresponding pricing mechanics, delivery dates and
points and volumes) such that no “position” is taken and (ii) for which appropriate credit support has been taken to alleviate the material credit risks of the counterparty thereto. 

Section 6.22    Sale or Discount of Receivables. Except for receivables obtained by any Loan Party out of the
ordinary course of business or the settlement of joint interest billing accounts in the ordinary course of business or discounts granted to settle collection of accounts receivable or the sale of defaulted accounts arising in the ordinary course of
business in connection with the compromise or collection thereof and not in connection with any financing transaction or any Investments permitted under Section 6.06(d), Holdings and the Borrower shall not, and shall not permit any Restricted
Subsidiary to, discount or sell (with or without recourse) any of its notes receivable or accounts receivable. 

Section 6.23    Deposit Accounts; Securities Accounts. Subject to Section 5.17,
Holdings and the Borrower shall not, and shall not permit any of its Restricted Subsidiaries that is a Loan Party to, (a) maintain Deposit Accounts that are not subject to Account Control Agreements, or (b) maintain securities accounts
that are not subject to Account Control Agreements; provided that, the requirements of the foregoing Section 6.23(a) shall not apply to (i) Deposit Accounts holding exclusively Excluded Funds, (ii) Deposit
Accounts and securities accounts to the extent, and only to the extent, constituting “Excluded Collateral” under Section 2.1(b)(v) or Section 2.1(b)(vi) of the Security Agreement,
(iii) petty cash accounts with an amount not to exceed $250,000 in the aggregate, and (iv) only as to the requirement regarding Account Control Agreements, the Zero Balance Accounts; provided, however, in the event any Loan
Party acquires any Deposit Account or securities account pursuant to an Acquisition, (y) within 120 days after the date of such Acquisition (or such later date as either of the First Lien Agent or the Collateral Agent may agree to in its sole
discretion for the delivery of deposit account control agreements in respect thereof) deliver to the Collateral Agent an Account Control Agreement therefor and (z) for so long as any such acquired Deposit Account or securities account is not
subject to an Account Control Agreement, no cash or securities shall be transferred to such acquired Deposit Account or securities account. To the extent permitted under the Intercreditor Agreement, Holdings and the Borrower, for itself and on
behalf of its Restricted Subsidiaries that are Loan Parties, hereby authorizes the Collateral Agent to deliver notices to the depositary banks and securities intermediaries pursuant to any Account Control Agreement under any one or more of the
following circumstances: (i) following the occurrence of and during the continuation of an Event of Default, (ii) if the Collateral Agent reasonably believes that a requested transfer by Holdings, the Borrower or any Restricted Subsidiary,
as applicable, is a 

  
 98 

 
request to transfer any funds from any account to any other account of Holdings, the Borrower or any Restricted Subsidiary that is not permitted under this Section 6.23,
(iii) as otherwise agreed to in writing by Holdings, the Borrower or any Restricted Subsidiary, as applicable, and (iv) as otherwise required by applicable Legal Requirement.  

ARTICLE VII 
 EVENTS OF
DEFAULT; REMEDIES 
 Section 7.01    Events of Default. The occurrence of any of the following events
shall constitute an “Event of Default” under any Loan Document: 

(a)    Payment. The Borrower shall (i) fail to pay when due any principal payable hereunder or under the Notes
or (ii) fail to pay, within 5 Business Days of when due, any interest or other amounts (including fees, reimbursements, and indemnifications) payable hereunder, under the Notes, or under any other Loan Document; 

(b)    Representation and Warranties. Any representation or warranty made or deemed to be made by any Loan Party or
any Restricted Subsidiary thereof (or any of their respective officers) in this Agreement or in any other Loan Document shall prove to have been incorrect in any material respect (unless already qualified by materiality or Material Adverse Change in
the text thereof, in which case, such representations and warranties shall be true and correct in all respects) when made or deemed to be made; 

(c)    Covenant Breaches. Any Loan Party or any Restricted Subsidiary thereof shall fail to (i) perform or
observe any covenant contained in Section 5.02(a), Section 5.03 (with respect to either Holdings’ or the Borrower’s existence), Section 5.06(i), Section 5.09, or Article VI of this Agreement or (ii) fail to perform
or observe any other term or covenant set forth in this Agreement or in any other Loan Document which is not covered by clause (i) above or any other provision of this Section 7.01 if such failure shall remain unremedied for 30 days after
the occurrence of such breach or failure; 
 (d)    Cross-Defaults. (i) Any Loan Party or any
Restricted Subsidiary thereof shall fail to pay any principal of or premium or interest on its Indebtedness (other than any First Lien Debt) that is outstanding in a principal amount of at least $20,000,000 individually or when aggregated with all
such Indebtedness of any Loan Party or any Restricted Subsidiary thereof so in default when the same becomes due and payable (whether by scheduled maturity, required prepayment, acceleration, demand or otherwise), and such failure shall continue
after the applicable grace period, if any, specified in the agreement or instrument relating to such Indebtedness; (ii) any other event shall occur or condition shall exist under any agreement or instrument relating to Indebtedness (other than
any First Lien Debt) (including, without limitation, any event of default or termination event under any Hedge Contract) that is outstanding in a principal amount (or termination payment amount or similar amount) of at least $20,000,000 individually
or when aggregated with all such Indebtedness of any Loan Party or any Restricted Subsidiary thereof so in default, and shall continue after the applicable grace period, if any, specified in such agreement or instrument, if the effect of such event
or condition is to accelerate, or to permit the acceleration of, the maturity of such Indebtedness; or (iii) any 

  
 99 

 
such Indebtedness in a principal amount of at least $20,000,000 individually or when aggregated with all such Indebtedness of any Loan Party or any Restricted Subsidiary thereof shall be declared
to be due and payable, or required to be prepaid (other than by a regularly scheduled required prepayment), prior to the stated maturity thereof; provided that, for purposes of this subsection 7.01(d), the “principal amount” of the
obligations in respect of any Hedge Contract at any time shall be Hedge Termination Value thereof; 

(e)    Insolvency. Any Loan Party or Restricted Subsidiary thereof shall generally not pay its debts as such debts
become due, or shall admit in writing its inability to pay its debts generally, or shall make a general assignment for the benefit of creditors; or any proceeding shall be instituted by or against any Loan Party or any Restricted Subsidiary thereof
seeking to adjudicate it as bankrupt or insolvent, or seeking liquidation, winding up, reorganization, arrangement, adjustment, protection, relief, or composition of it or its debts under any law relating to bankruptcy, insolvency or reorganization
or relief of debtors, or seeking the entry of an order for relief or the appointment of a receiver, trustee or other similar official for it or for any substantial part of its Property and, in the case of any such proceeding instituted against any
such Loan Party or any such Restricted Subsidiary thereof either such proceeding shall remain undismissed for a period of 60 days or any of the actions sought in such proceeding shall occur; or any such Loan Party or any such Restricted Subsidiary
thereof shall take any corporate, limited liability company, or partnership, as applicable, action to authorize any of the actions set forth above in this paragraph (e); 

(f)    Judgments. Any judgment or order for the payment of money in excess of $20,000,000 shall be rendered against
any Loan Party or any Restricted Subsidiary thereof and either (i) enforcement proceedings shall have been commenced by any creditor upon such judgment or order or (ii) there shall be any period of 30 consecutive days during which a stay
of enforcement of such judgment or order, by reason of a pending appeal or otherwise, shall not be in effect; 

(g)    Termination Events. The occurrence of any of the following events: (i) any Loan Party or any Restricted
Subsidiary thereof fails to make full payment when due of all amounts which, under the provisions of any Pension Plan or Sections 412 or 430 of the Code, any Loan Party is required to pay as contributions thereto and such unpaid amounts are in
excess of the $20,000,000, (ii) a Termination Event that results in, or could reasonably be expected to result in, liability to any Loan Party or any Restricted Subsidiary thereof in excess of $20,000,000 or (iii) any Loan Party or any
Restricted Subsidiary thereof as employers under one or more Multiemployer Plans makes a complete or partial withdrawal from any such Multiemployer Plan and the plan sponsor of such Multiemployer Plans notifies such withdrawing employer that such
employer has incurred a withdrawal liability requiring payments in an amount exceeding $20,000,000; 
 (h)    Change
in Control. A Change in Control shall have occurred without a Change in Control Offer being made in accordance with Section 2.04(b)(ii); 

(i)    Loan Documents. Any material provision of any Loan Document shall for any reason cease to be in full force
and effect or valid, binding, or enforceable (other than in accordance with its terms) on any Loan Party or any Restricted Subsidiary thereof or any such Person shall so state in writing; 

  
 100 

 (j)    Security Instruments. (i) The Collateral Agent shall fail
to have an Acceptable Security Interest in a material portion of the Collateral to the extent required by Section 5.08 (other than Collateral released in accordance with this Agreement or any other Loan Document), or (ii) any Security
Instrument shall, at any time and for any reason, cease to create the Lien on the Property purported to be subject to such agreement, and such Property constitutes a material portion of the Collateral, in accordance with the terms of such agreement,
or shall cease to be in full force and effect, or shall be contested by the Borrower or any Guarantor; 

(k)    First Lien Default. (i) An “Event of Default” (or any comparable defined term) under any
First Lien Loan Document shall have occurred and shall remain unremedied, uncured or unwaived for 60 days; provided, that any breach of a financial maintenance covenant under any First Lien Debt (including the First Lien Credit Agreement)
shall not constitute an Event of Default with respect to any Advances unless and until the First Lien Lenders with respect to such First Lien Debt have declared such First Lien Debt to be immediately due and payable and all outstanding commitments
thereunder to be immediately terminated, in each case in accordance with the First Lien Loan Documents in respect of such First Lien Debt, and such declaration has not been rescinded on or before such date, or (ii) any First Lien Debt shall be
declared to be due and payable, or required to be prepaid (other than by a regularly scheduled required prepayment), prior to the stated maturity thereof. 

Section 7.02    Remedies upon Default. If any Event of Default (other than an Event of Default described in
Section 7.01(e)) exists, the Administrative Agent and/or the Collateral Agent, as applicable, may (with the consent of the Majority Lenders) and shall (upon written direction of Majority Lenders) do any one or more of the following from time to
time: 
 (a)    declare any Obligations immediately due and payable (an “acceleration”) which amount
shall include, if such acceleration occurs prior to third anniversary of the Closing Date, the Applicable Premium in effect on the date of such acceleration, as if such acceleration were an optional or mandatory prepayment on the principal amount of
Loans accelerated, whereupon they shall be due and payable without diligence, presentment, demand, protest or notice of any kind, all of which are hereby waived by Borrower to the fullest extent permitted by law; 

(b)    if an Event of Default described in Section 7.01(e) occurs and is continuing, any Obligations will become
immediately due and payable without any further action or notice on the part of Agent or any Lenders; and 

(c)    exercise any other rights or remedies afforded under any agreement, by law, at equity or otherwise, including the
rights and remedies of a secured party under the UCC. Such rights and remedies include the rights to (i) take possession of any Collateral; (ii) require Borrower to assemble Collateral, at the Borrower’s expense, and make it available
to the Collateral Agent at a place designated by the Collateral Agent; (iii) enter any premises where Collateral is located and store Collateral on such premises until sold (and if the premises are owned or leased by the Borrower, the Borrower
agrees not to charge for such storage); and (iv) 

  
 101 

 
sell or otherwise dispose of any Collateral in its then condition, or after any further manufacturing or processing thereof, at public or private sale, with such notice as may be required by
applicable Legal Requirement, in lots or in bulk, at such locations, all as the Collateral Agent, in its discretion, deems advisable. The Borrower agrees that 10 days’ notice of any proposed sale or other disposition of Collateral by Collateral
Agent shall be reasonable, and that any sale conducted on the internet or to a licensor of intellectual property shall be commercially reasonable. Collateral Agent may conduct sales on any Loan Party’s premises, without charge, and any sale may
be adjourned from time to time in accordance with applicable Legal Requirements. Each of the Administrative Agent and the Collateral Agent shall have the right to sell, lease or otherwise dispose of any Collateral for cash, credit or any combination
thereof, and each of the Administrative Agent and the Collateral Agent may purchase any Collateral at public or, if permitted by law, private sale and, in lieu of actual payment of the purchase price, may credit bid and set off the amount of such
price against the Obligations. 
 Section 7.03    Payment of Applicable Premium. The Borrower acknowledges
and agrees that if payment of the Obligations are accelerated or the Advances and other Obligations otherwise become due prior to the Maturity Date, in each case, in respect of any Event of Default (including, but not limited to, upon the occurrence
of a bankruptcy or insolvency event (including the acceleration of claims by operation of law)), the Applicable Premium with respect to an optional or mandatory repayment or prepayment of the Advances will also be due and payable as though the
Advances were prepaid and shall constitute part of the Obligations, in view of the impracticability and extreme difficulty of ascertaining actual damages and by mutual agreement of the parties as to a reasonable calculation of each Lender’s
lost profits as a result thereof. The Applicable Premium payable above shall be presumed to be the liquidated damages sustained by each holder as the result of the early redemption and the Borrower agrees that it is reasonable under the
circumstances currently existing. The Applicable Premium shall also be payable in the event the Advances are satisfied or released by foreclosure (whether by power of judicial proceeding), deed in lieu of foreclosure or by any other means. THE
BORROWER EXPRESSLY WAIVES (TO THE FULLEST EXTENT IT MAY LAWFULLY DO SO) THE PROVISIONS OF ANY PRESENT OR FUTURE STATUTE OR LAW THAT PROHIBITS OR MAY PROHIBIT THE COLLECTION OF THE FOREGOING APPLICABLE PREMIUM IN CONNECTION WITH ANY SUCH
ACCELERATION. The Borrower expressly agrees (to the fullest extent it may lawfully do so) that: (A) the Applicable Premium is reasonable and is the product of an arm’s length transaction between sophisticated business people, ably
represented by counsel; (B) the Applicable Premium shall be payable notwithstanding the then prevailing market rates at the time payment is made; (C) there has been a course of conduct between holders and the Borrower giving specific
consideration in this transaction for such agreement to pay the Applicable Premium; and (D) the Borrower shall be estopped hereafter from claiming differently than as agreed to in this paragraph. The Borrower expressly acknowledges that its
agreement to pay the Applicable Premium to Lenders as herein described is a material inducement to Lenders to provide the Advances. 

Section 7.04    Right of Set-off. Upon the occurrence and during the continuance of any Event of Default, the
Administrative Agent, the Collateral Agent, each Lender and each of their respective Affiliates is hereby authorized at any time and from time to time, to the fullest extent permitted by applicable Legal Requirement, to set off and apply any and all
deposits (general or 

  
 102 

 
special, time or demand, provisional or final) at any time held and other obligations at any time owing by the Administrative Agent, the Collateral Agent, such Lender or such Affiliate to or for
the credit or the account of any Loan Party against any and all of the obligations of any Loan Party now or hereafter existing under this Agreement or any other Loan Document and owing to the Administrative Agent, such Lender, the Collateral Agent
or such Affiliate, irrespective of whether or not the Administrative Agent, such Lender, the Collateral Agent or such Affiliate shall have made any demand under this Agreement or any other Loan Document and although such obligations of any Loan
Party may be contingent or unmatured or are owed to a branch or office of the Administrative Agent, such Lender, the Collateral Agent or such Affiliate different from the branch or office holding such deposit or obligated on such obligations;
provided that in the event that any Defaulting Lender shall exercise any such right of setoff, (x) all amounts so set off shall be paid over immediately to the Administrative Agent for further application in accordance with the
provisions of Section 2.15 and, pending such payment, shall be segregated by such Defaulting Lender from its other funds and deemed held in trust for the benefit of the Administrative Agent, the Collateral Agent and the Lenders, and
(y) the Defaulting Lender shall provide promptly to the Administrative Agent a statement describing in reasonable detail the Obligations owing to such Defaulting Lender as to which it exercised such right of setoff. Each of the Lender Parties
agrees to notify the Borrower and the Administrative Agent promptly after any such setoff and application, provided that the failure to give such notice shall not affect the validity of such setoff and application. The rights of the
Administrative Agent, each Lender, the Collateral Agent and their respective Affiliates under this Section 7.04 are in addition to other rights and remedies (including other rights of setoff) that the Administrative Agent, such Lender, the
Collateral Agent or their respective Affiliates may have. 

Section 7.05    Non-exclusivity of Remedies. No right, power, or
remedy conferred to any Lender Party in this Agreement or the Loan Documents, or now or hereafter existing at law, in equity, by statute, or otherwise shall be exclusive, and each such right, power, or remedy shall to the full extent permitted by
law be cumulative and in addition to every other such right, power or remedy. No course of dealing and no delay in exercising any right, power, or remedy conferred to any Lender Party in this Agreement and the Loan Documents or now or hereafter
existing at law, in equity, by statute, or otherwise shall operate as a waiver of or otherwise prejudice any such right, power, or remedy. Any Lender Party may cure any Event of Default without waiving the Event of Default. No notice to or demand
upon the Borrower or any other Loan Party shall entitle the Borrower or any other Loan Party to similar notices or demands in the future. 

Section 7.06    Application of Proceeds. 

(a)    Prior to an Event of Default, all payments made hereunder shall be applied by the Administrative Agent as directed
by the Borrower, but subject to the terms of this Agreement, including the application of prepayments according to Section 2.04 and Section 2.12. From and during the continuance of any Event of Default, any monies or Property actually
received by the Administrative Agent pursuant to this Agreement or any other Loan Document (other than as a result of the exercise of any rights or remedies under any Security Instrument or any other agreement with the Borrower, any Guarantor or any
of their respective Restricted 

  
 103 

 
Subsidiaries which secures any of the Obligations), shall be applied as determined by the Administrative Agent, but subject to the terms of this Agreement, including the application of
prepayments according to Section 2.04 and Section 2.12. 
 (b)    Notwithstanding the foregoing, in the event
that the Obligations have been accelerated pursuant to Section 7.02 or the Administrative Agent or any Lender has exercised any remedy set forth in this Agreement or in any other Loan Document, all monies or Property actually received by the
Administrative Agent pursuant to this Agreement or any other Loan Document as a result of the exercise of any rights or remedies under any Security Instrument or any other agreement with the Borrower, any Guarantor or any of their respective
Restricted Subsidiaries which secures any of the Obligations, shall be applied in accordance with Section 2.12 and otherwise in the following order: 

First, to payment of that portion of the Obligations constituting fees, indemnities, expenses and other amounts, including attorney
fees, payable to the Administrative Agent in its capacity as such and the Collateral Agent in its capacity as such, ratably among the Administrative Agent and Collateral Agent in proportion to the respective amounts described in this clause
First payable to them; 
 Second, to payment of that portion of the Obligations constituting fees, indemnities and other
amounts (other than principal and interest) payable to the Lenders under the Loan Documents, including attorney fees, ratably among the Lenders in proportion to the respective amounts described in this clause Second payable to them; 

Third, to payment of that portion of the Obligations constituting accrued and unpaid interest on the Advances, 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 Advances and all other payment obligations constituting Obligations (other than Obligations entitled to priority under clauses First, Second and Third clauses
above), ratably among the Secured Parties in proportion to the respective amounts described in this clause Fourth payable to them; 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 Legal Requirements. 
 ARTICLE VIII 

THE ADMINISTRATIVE AGENT AND THE COLLATERAL AGENT 

Section 8.01    Appointment and Authority. Each Lender hereby irrevocably (a) appoints Jefferies Finance
LLC to act on its behalf as the Administrative Agent and the Collateral Agent hereunder and under the other Loan Documents (including the Intercreditor Agreement), and (b) authorizes the Administrative Agent and the Collateral Agent to take
such actions on its behalf and to exercise such powers as are delegated to the Administrative Agent and/or the Collateral Agent, as applicable, by the terms hereof or thereof, together with such actions and powers as

  
 104 

 
are reasonably incidental thereto. The provisions of this Article VIII are solely for the benefit of the Lender Parties, and neither the Borrower nor any other Loan Party shall have rights as a
third party beneficiary of any of such provisions, other than the rights expressly provided to the Borrower under Section 8.06(a) and Section 8.11(b). It is understood and agreed that the use of the term “agent” herein or
in any other Loan Document (or any other similar term) with reference to the Administrative Agent and/or the Collateral Agent, as applicable, is not intended to connote any fiduciary or other implied (or express) obligations arising under agency
doctrine of any applicable Legal Requirement. 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. 

Section 8.02    Rights as a Lender. The Person serving as the Administrative Agent or the Collateral 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 or Collateral 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 or Collateral Agent hereunder in its individual capacity. Such Person and its
Affiliates may accept deposits from, lend money to, own securities, 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 other Restricted Subsidiary or other
Affiliate thereof as if such Person were not the Administrative Agent or Collateral Agent hereunder and without any duty to account therefor to the Lenders. Jefferies Finance LLC (and any successor acting as Administrative Agent) and its Affiliates
may accept fees and other consideration from the Borrower or any Affiliate of the Borrower for services in connection with this Agreement or otherwise without having to account for the same to the Lenders. 

Section 8.03    Exculpatory Provisions. Each of the Administrative Agent and the Collateral Agent (which terms
as used in this Section 8.03 shall include each of their Related Parties) 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, each of the Administrative Agent and the Collateral 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 or Collateral Agent is required to exercise as directed in writing by the Majority Lenders (or such other number or
percentage of the Lenders or Secured Parties as shall be expressly provided for herein or in the other Loan Documents), provided that neither the Administrative Agent nor the Collateral Agent shall be required to take any action that, in its
opinion or the opinion of its counsel, may expose the Administrative Agent or Collateral Agent to liability or that is contrary to any Loan Document or applicable Legal Requirement, 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 

  
 105 

 (c)    shall not, except as expressly set forth herein and in the other Loan
Documents, have any duty to disclose, nor shall it be liable for the failure to disclose, any information relating to the Borrower, any other Loan Party or any of their respective Affiliates that is communicated to or obtained by the Person serving
as the Administrative Agent or the Collateral 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 Majority Lenders (or such other number or percentage of the Lenders or Secured Parties as shall be necessary, or as the Administrative Agent shall believe in good faith
shall be necessary, under the circumstances as provided in Sections 9.03 and 7.01) 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 in writing by the Borrower, a Lender or the Collateral Agent. In the event that the
Administrative Agent receives such a notice of the occurrence of a Default, the Administrative Agent shall (subject to Section 9.03) take such action with respect to such Default or Event of Default as shall reasonably be directed by the
Majority Lenders, provided that, unless and until the Administrative Agent shall have received such directions, the Administrative Agent may (but shall not be obligated to) take such action, or refrain from taking such action) with respect to
such Default as it shall deem advisable in the best interest of the Lender Parties. 
 The Administrative Agent shall not be responsible for or have any
duty to ascertain or inquire into (i) any recital, statement, warranty or representation (whether written or oral) 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 value, validity, enforceability, effectiveness, sufficiency or genuineness of this Agreement, any other Loan Document or any other agreement, instrument or document, (v) the inspection of, or to inspect, the Property
(including the books and records) of any Loan Party or any Restricted Subsidiary or Affiliate thereof, (vi) the satisfaction of any condition set forth in Article III or elsewhere herein, other than to confirm receipt of items expressly
required to be delivered to the Administrative Agent, or (vii) any litigation or collection proceedings (or to initiate or conduct any such litigation or proceedings) under any Loan Document unless requested by the Majority Lenders in writing
and its receives indemnification satisfactory to it from the Lenders. 
 Section 8.04    Reliance by
Administrative Agent and the Collateral Agent. Each of the Administrative Agent and Collateral Agent shall be entitled to rely upon, and shall not incur any liability for relying upon, any notice, request, certificate, consent, statement,
instrument, document, writing or other communication (including any electronic message, Internet or intranet website posting or other distribution) believed by it to be genuine and to have been signed, sent or otherwise authenticated by the proper
Person. Each of the Administrative Agent 

  
 106 

 
and the Collateral 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 an Advance or any Conversion or continuance of an Advance that by its terms must be fulfilled to the satisfaction of a Lender or the Collateral Agent, the
Administrative Agent may presume that such condition is satisfactory to such Lender or the Collateral Agent unless the Administrative Agent shall have received notice to the contrary from such Lender or the Collateral Agent prior to the making of
such Advance or Conversion or continuance of an Advance. The Administrative Agent may consult with legal counsel (who may be counsel for the Borrower), independent accountants and other experts selected by it, and the Administrative Agent shall not
be liable for any action taken or not taken by it in accordance with the advice of any such counsel, accountants or experts. 

Section 8.05    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 it. 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 VIII 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 non-appealable judgment that the Administrative Agent acted with gross negligence or willful misconduct in the selection of such sub-agents. 

Section 8.06    Resignation of the Administrative Agent or the Collateral Agent. 

(a)    The Administrative Agent and the Collateral Agent may at any time give notice of its resignation to the other Lender
Parties and the Borrower. Upon receipt of any such notice of resignation, (i) the Majority Lenders shall have the right, with the prior written consent of the Borrower (which consent is not required if an Event of Default has occurred and is
continuing and which consent shall not be unreasonably withheld or delayed), to appoint, as applicable, a successor Administrative Agent (which shall be a Lender or such other Person appointed by the Majority Lenders but in no event shall be a
Defaulting Lender or a Disqualified Lender) or a successor Collateral Agent (which shall be a Lender or such other Person appointed by the Majority Lenders but in no event shall be a Defaulting Lender or a Disqualified Lender). If no such successor
Administrative Agent or Collateral Agent shall have been so appointed and shall have accepted such appointment within 30 days after the retiring Administrative Agent or Collateral Agent gives notice of its resignation (or such earlier day as shall
be agreed by the applicable Majority Lenders) (the “Resignation Effective Date”), then the retiring Administrative Agent or Collateral Agent, as applicable, may on behalf of the Lenders, appoint a successor Administrative Agent or
Collateral Agent meeting the qualifications set forth above. Whether or not a successor has been appointed, such resignation by the Administrative Agent or the Collateral Agent shall become effective in accordance with such notice on the Resignation
Effective Date. 

  
 107 

 (b)    If the Person serving as Administrative Agent or Collateral Agent is a
Defaulting Lender pursuant to clause (d) of the definition thereof, the Majority Lenders may, to the extent permitted by applicable Legal Requirement, by notice in writing to the Borrower and such Person remove such Person as Administrative
Agent or Collateral Agent, as applicable, and, in consultation with the Borrower, appoint a successor. If no such successor shall have been so appointed by applicable Majority Lenders and shall have accepted such appointment within 30 days (or such
earlier day as shall be agreed by the applicable Majority Lenders) (the “Removal Effective Date”), then such removal shall nonetheless become effective in accordance with such notice on the Removal Effective Date. 

(c)    With effect from the Resignation Effective Date or the Removal Effective Date (as applicable) (i) the retiring
or removed Administrative Agent or Collateral Agent, as applicable, shall be discharged from its duties and obligations as the Administrative Agent and Collateral Agent hereunder and under the other Loan Documents (except that in the case of any
collateral security held by the Collateral Agent on behalf of the Lenders under any of the Loan Documents, the retiring Collateral Agent shall continue to hold such collateral security until such time as a successor Collateral Agent is appointed)
and (ii) all payments, communications and determinations provided to be made by, to or through the retiring or removed Administrative Agent or Collateral Agent, as applicable, shall instead be made by or to each applicable class of Lenders,
until such time as the Majority Lenders appoint a successor Administrative Agent or Collateral Agent as provided for above in this paragraph. Upon the acceptance of a successor’s appointment as Administrative Agent or Collateral Agent, as
applicable, hereunder, such successor shall succeed to and become vested with all of the rights, powers, privileges and duties of the retiring or removed Administrative Agent or Collateral Agent, as applicable, and the retiring or removed
Administrative Agent or Collateral Agent, as applicable, shall be discharged from all of its duties and obligations hereunder or under the other Loan Documents. The fees payable by the Borrower to a successor Administrative Agent or Collateral
Agent, as applicable, shall be the same as those payable to its predecessor unless otherwise agreed between the Borrower and such successor. After the retiring or removed Administrative Agent’s or Collateral Agent’s resignation or removal
hereunder and under the other Loan Documents, the provisions of this Article VIII and Sections 9.02(a) and (b), Section 8.09 and Section 2.13(d) shall continue in effect for the benefit of such retiring or removed Administrative Agent and
Collateral Agent, as applicable, their respective 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 or removed
Administrative Agent or Collateral Agent, as applicable, was acting as Administrative Agent or Collateral Agent, as applicable. 

Section 8.07    Non-Reliance on Administrative Agent and Other
Lenders. Each Lender Party acknowledges and agrees that it has, independently and without reliance upon the Administrative Agent or any other Lender Party 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 Party also acknowledges and agrees that it will, independently and without reliance upon the Administrative Agent or any other Lender Party 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 

  
 108 

 
agreement or any document furnished hereunder or thereunder. Except for notices, reports, and other documents and information expressly required to be furnished to the Lenders by the
Administrative Agent or the Collateral Agent hereunder and for other information in the Administrative Agent’s or the Collateral Agent’s possession which has been requested by a Lender and for which such Lender pays the Administrative
Agent’s and Collateral Agent’s expenses in connection therewith, neither the Administrative Agent nor the Collateral Agent shall have any duty or responsibility to provide any Lender with any credit or other information concerning the
affairs, financial condition, or business of any Loan Party or any of its Restricted Subsidiaries or Affiliates that may come into the possession of the Administrative Agent, the Collateral Agent or any of their respective Affiliates. 

Section 8.08    No Other Duties, etc. Anything herein to the contrary notwithstanding, none of the Lead
Arranger, documentation agent, syndication agent or other titles to Lenders or Affiliates of a Lender which may be 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, the Collateral Agent or a Lender hereunder. 

Section 8.09    Indemnification. 

(a)    INDEMNITY OF ADMINISTRATIVE AGENT AND COLLATERAL AGENT. THE LENDERS SEVERALLY AGREE TO INDEMNIFY THE LEAD
ARRANGER, THE ADMINISTRATIVE AGENT, THE COLLATERAL AGENT AND EACH OF THEIR RESPECTIVE AFFILIATES AND THEIR RESPECTIVE DIRECTORS, OFFICERS, EMPLOYEES, AND AGENTS (TO THE EXTENT NOT REIMBURSED BY THE BORROWER), RATABLY ACCORDING TO THE RESPECTIVE
PRINCIPAL AMOUNTS OF THE ADVANCES THEN HELD BY EACH OF THEM (OR IF NO PRINCIPAL OF THE ADVANCES IS AT THE TIME OUTSTANDING, RATABLY ACCORDING TO THE RESPECTIVE COMMITMENTS HELD BY EACH OF THEM IMMEDIATELY PRIOR TO THE TERMINATION, EXPIRATION OR FULL
REDUCTION OF EACH SUCH COMMITMENT), FROM AND AGAINST ANY AND ALL LIABILITIES, OBLIGATIONS, LOSSES, DAMAGES, PENALTIES, ACTIONS, JUDGMENTS, SUITS, COSTS, EXPENSES, OR DISBURSEMENTS OF ANY KIND OR NATURE WHATSOEVER WHICH MAY BE IMPOSED ON, INCURRED
BY, OR ASSERTED AGAINST SUCH INDEMNIFIED PERSON IN ANY WAY RELATING TO OR ARISING OUT OF THIS AGREEMENT OR ANY ACTION TAKEN OR OMITTED BY THE ADMINISTRATIVE AGENT UNDER THIS AGREEMENT OR ANY OTHER LOAN DOCUMENT (IN ALL CASES, WHETHER OR NOT
CAUSED BY OR ARISING, IN WHOLE OR IN PART, OUT OF THE COMPARATIVE, CONTRIBUTORY OR SOLE NEGLIGENCE OF SUCH INDEMNIFIED PERSON), AND INCLUDING, WITHOUT LIMITATION, ENVIRONMENTAL CLAIMS, PROVIDED THAT NO LENDER SHALL BE LIABLE FOR ANY
PORTION OF SUCH LIABILITIES, OBLIGATIONS, LOSSES, DAMAGES, PENALTIES, ACTIONS, JUDGMENTS, SUITS, COSTS, EXPENSES, OR DISBURSEMENTS RESULTING FROM SUCH INDEMNIFIED PERSON’S GROSS NEGLIGENCE OR WILLFUL MISCONDUCT, IN EACH CASE, AS DETERMINED BY

  
 109 

 
A FINAL NON-APPEALABLE JUDGMENT OF A COURT OF COMPETENT JURISDICTION. WITHOUT LIMITATION OF THE FOREGOING, EACH LENDER AGREES TO REIMBURSE EACH OF THE
ADMINISTRATIVE AGENT AND THE COLLATERAL AGENT PROMPTLY UPON DEMAND FOR ITS RATABLE SHARE (DETERMINED AS SET FORTH ABOVE IN THIS PARAGRAPH) OF ANY OUT-OF-POCKET EXPENSES
(INCLUDING COUNSEL FEES) INCURRED BY THE ADMINISTRATIVE AGENT AND/OR THE COLLATERAL 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 OR ANY OTHER LOAN DOCUMENT, TO THE EXTENT THAT THE ADMINISTRATIVE AGENT OR THE COLLATERAL AGENT IS NOT REIMBURSED FOR SUCH BY THE BORROWER.

 Section 8.10    Administrative Agent May File Proofs of Claim. In case of the pendency of any
proceeding under any Debtor Relief Law or any other judicial proceeding relative to any Loan Party, the Administrative Agent (irrespective of whether the principal of any Advance 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 (but not obligated) 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
Advances 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 Collateral Agent and the Administrative Agent (including any claim for the
reasonable compensation, expenses, disbursements and advances of the Lenders, the Collateral Agent and the Administrative Agent and their respective agents and counsel and all other amounts due the Lenders, the Collateral Agent and the
Administrative Agent hereunder) 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 to make such payments to the Administrative Agent or the Collateral Agent, as applicable, and, in the event that the Administrative Agent or the Collateral Agent shall consent to the making of such payments directly to the Lenders, to pay to
the Administrative Agent or the Collateral Agent any amount due for the reasonable compensation, expenses, disbursements and advances of the Administrative Agent, the Collateral Agent and their respective agents and counsel, and any other amounts
due to the Administrative Agent or the Collateral Agent under Section 2.09. 
 Section 8.11    Collateral
and Guaranty Matters. 
 (a)    Each of the Administrative Agent and the Collateral Agent is authorized on behalf of
the Secured Parties, without the necessity of any notice to or further consent from 

  
 110 

 
such Secured Parties, from time to time, to take any actions with respect to any Collateral or Security Instruments which may be necessary to perfect and maintain the Liens upon the Collateral
granted pursuant to the Security Instruments. Each of the Administrative Agent and the Collateral Agent is further authorized (but not obligated) on behalf of the Secured Parties, without the necessity of any notice to or further consent from the
Secured Parties, from time to time, to take any action in exigent circumstances as may be reasonably necessary to preserve any rights or privileges of the Secured Parties under the Loan Documents or applicable Legal Requirements. By accepting the
benefit of the Liens granted pursuant to the Security Instruments, each Secured Party hereby agrees to the terms of this paragraph (a). 

(b)    The Lenders hereby, and any other Secured Party by accepting the benefit of the Liens granted pursuant to the
Security Instruments, irrevocably authorize each of the Administrative Agent and the Collateral Agent to, and the Administrate Agent and the Collateral Agent shall, upon request of the Borrower (i) release any Lien granted to or held by the
Administrative Agent and/or the Collateral Agent upon any Collateral (a) upon termination of this Agreement and the payment in full of all outstanding Advances and all other Obligations (other than contingent indemnity obligations for which no
claims have been made); (b) constituting Property sold or to be sold or Disposed of as part of or in connection with any Disposition permitted under this Agreement or any other Loan Document; (c) constituting Property in which no Loan Party
owned an interest at the time the Lien was granted or at any time thereafter other than as a result of a transaction prohibited hereunder; (d) constituting Property leased to any Loan Party under a lease which has expired or has been terminated
in a transaction permitted under this Agreement or is about to expire and which has not been, and is not intended by such Loan Party to be, renewed or extended or (e) constituting Property on which the Liens securing the First Lien Debt have
been released by the First Lien Agent; provided that, this clause (e) shall not in any event limit the Mortgage Requirement or the obligation of the Loan Parties to comply with Sections 5.08 or 6.23 hereof; and (ii) release a
Guarantor from its obligations under a Guaranty and any other applicable Loan Document and release the Lien granted to or held by the Administrative Agent and/or the Collateral Agent upon any Collateral of such Person if such Person is a voluntary
Guarantor and is not required to be a Guarantor hereunder or ceases to be a Subsidiary or a Restricted Subsidiary as a result of a transaction permitted under this Agreement. Upon the request of the Administrative Agent and/or the Collateral Agent
at any time, the Secured Parties will confirm in writing the Administrative Agent’s or the Collateral Agent’s authority to release particular types or items of Collateral or Guarantors pursuant to this Section 8.11. At the written
request and sole expense of the Borrower, which written request shall also include a certification from a Responsible Officer certifying to the Administrative Agent and/or the Collateral Agent that such release is permitted under this
Section 8.11 and that such transaction is in compliance with this Agreement and the other Loan Documents (which certification the Administrative Agent and the Collateral Agent may, but is not obligated to, rely on), the Administrative Agent
and/or the Collateral Agent shall promptly provide the releases of Collateral or Guarantors permitted to be released under this Section 8.11 subject to evidence of such transaction and release documentation reasonably satisfactory to the
Administrative Agent and/or the Collateral Agent except that the Administrative Agent or the Collateral Agent may, but shall not be obligated, to provide such releases for such Property to be sold but not yet sold or such Property subject to a lease
that is about to expire but not yet expired. Upon any of the Collateral constituting (i) 

  
 111 

 
personal property being Disposed of as permitted under this Agreement or (ii) Property on which the Liens securing the First Lien Debt have been released by the First Lien Agent, then such
Collateral shall be automatically released from the Liens created under the applicable Security Instrument, provided that (x) the Administrative Agent and the Collateral Agent shall provide any evidence of such Lien release requested by the
Borrower in accordance with this Section and (y) nothing in this sentence shall in any event limit the Mortgage Requirement or the obligation of the Loan Parties to comply with Sections 5.08 or 6.23 hereof. 

(c)    Notwithstanding anything contained in any of the Loan Documents to the contrary, the Loan Parties, the
Administrative Agent, the Collateral Agent and each Secured Party hereby agree that no Secured Party shall have any right individually to realize upon any of the Collateral or to enforce the Guaranty, it being understood and agreed that all powers,
rights and remedies hereunder, under the Guaranty and under the Security Instruments may be exercised solely by the Administrative Agent or the Collateral Agent, as applicable, on behalf of the Secured Parties in accordance with the terms hereof and
the other Loan Documents. By accepting the benefit of the Liens granted pursuant to the Security Instruments, each Secured Party not party hereto hereby agrees to the terms of this paragraph (c). 

Section 8.12    Credit Bidding. 

(a)    The Administrative Agent, on behalf of itself and the Secured Parties, shall have the right, at the direction of the
Majority Lenders, to credit bid and purchase for the benefit of the Administrative Agent and the Secured Parties all or any portion of Collateral at any sale thereof conducted by the Administrative Agent under the provisions of the UCC, including
pursuant to Sections 9-610 or 9-620 of the UCC, at any sale thereof conducted under the provisions of the United States Bankruptcy Code, including Section 363 thereof, or a sale under a plan of
reorganization, or at any other sale or foreclosure conducted by the Administrative Agent (whether by judicial action or otherwise) in accordance with Legal Requirements. 

(b)    Each Secured Party hereby agrees that, except as otherwise provided in any Loan Documents or with the written
consent of the Administrative Agent and the Majority Lenders, it will not take any enforcement action, accelerate obligations under any Loan Documents, or exercise any right that it might otherwise have under Legal Requirements to credit bid at
foreclosure sales, UCC sales or other similar Dispositions of Collateral; provided that, for the avoidance of doubt, this subsection (b) shall not limit the rights of (i) any Lender or Affiliate of a Lender to terminate any Hedge
Contract or net out any resulting termination values or (ii) any Lender or Affiliate of a Lender to terminate any (A) commercial credit cards, (B) stored value cards and (C) any other Treasury Management Arrangement (including,
without limitation, controlled disbursement, purchase card arrangements, automated clearinghouse transactions, return items, overdrafts and interstate depository network services) or set off against any Deposit Accounts. 

  
 112 

 ARTICLE IX 

MISCELLANEOUS 

Section 9.01    Costs and Expenses. The Borrower agrees to pay promptly, upon written demand: 

(a)    all reasonable and documented
out-of-pocket costs and expenses of the Administrative Agent in connection with the syndication, preparation, execution, delivery, administration, modification, and
amendment of this Agreement, the Notes, and the other Loan Documents, including, without limitation, reasonable fees, expenses, charges and disbursements of outside counsels for such Lender Party, and 

(b)    all documented out-of-pocket costs
and expenses, if any, of the Administrative Agent and each Lender (including, without limitation, outside counsel fees, expenses, charges and disbursements of each Lender and the Administrative Agent but excluding amounts that Borrower and/or any
Guarantor are not required to indemnify the indemnified persons for pursuant to Section 9.02) in connection with the enforcement of or protection of rights under (whether through negotiations, legal proceedings, or otherwise) this Agreement,
the Notes, and the other Loan Documents (including all such out-of-pocket expenses incurred during any workout, restructuring or negotiations in respect of the Advances). 

Section 9.02    Indemnification; Waiver of Damages. 

(a)    INDEMNIFICATION. EACH LOAN PARTY THAT IS A PARTY HERETO AGREES TO, AND DOES HEREBY, JOINTLY
AND SEVERALLY, INDEMNIFY AND HOLD HARMLESS THE LEAD ARRANGER, THE ADMINISTRATIVE AGENT, THE COLLATERAL AGENT, EACH LENDER, AND EACH OF THEIR RESPECTIVE RELATED PARTIES (EACH, AN
“INDEMNITEE”) FROM AND AGAINST ANY AND ALL LOSSES, CLAIMS, DAMAGES, PENALTIES, LIABILITIES AND EXPENSES OF ANY KIND OR NATURE (INCLUDING FEES, CHARGES, AND DISBURSEMENTS OF COUNSEL AND ANY CONSULTANT FOR ANY
INDEMNITEE), TO WHICH SUCH INDEMNITEE MAY BECOME SUBJECT OR THAT MAY BE INCURRED BY OR ASSERTED OR AWARDED AGAINST SUCH INDEMNITEE BY ANY PERSON (INCLUDING HOLDINGS, THE
BORROWER, ANY SUBSIDIARY OR ANY AFFILIATE THEREOF), IN EACH CASE ARISING OUT OF OR IN CONNECTION WITH OR BY REASON OF (INCLUDING, WITHOUT LIMITATION, IN CONNECTION WITH ANY INVESTIGATION, LITIGATION, OR
PROCEEDING OR PREPARATION OF A DEFENSE IN CONNECTION THEREWITH) (I) THE EXECUTION OR DELIVERY OF ANY LOAN DOCUMENT, OR ANY AGREEMENT OR INSTRUMENT CONTEMPLATED THEREBY, THE PERFORMANCE BY THE PARTIES
HERETO OR THERETO OF THEIR RESPECTIVE OBLIGATIONS HEREUNDER OR THEREUNDER OR THE CONSUMMATION OF THE TRANSACTIONS CONTEMPLATED HEREBY OR THEREBY, (II) ANY ADVANCE OR THE USE OR PROPOSED USE OF THE PROCEEDS THEREFROM,
(III) ANY ACTUAL OR ALLEGED PRESENCE OR RELEASE OR THREATENED RELEASE OF HAZARDOUS MATERIALS ON, AT, UNDER OR FROM ANY PROPERTY OWNED, 

  
 113 

 
LEASED OR OPERATED BY HOLDINGS, THE BORROWER OR ANY SUBSIDIARY OR AFFILIATE THEREOF, OR ANY ENVIRONMENTAL CLAIM RELATED IN ANY WAY TO HOLDINGS, THE BORROWER OR ANY SUBSIDIARY OR AFFILIATE
THEREOF AT ANY TIME, (IV) ANY ACTUAL OR PROSPECTIVE CLAIM, LITIGATION, INVESTIGATION OR PROCEEDING RELATING TO ANY OF THE FOREGOING, WHETHER BASED ON CONTRACT, TORT OR ANY OTHER THEORY, WHETHER BROUGHT BY A THIRD PARTY OR BY
HOLDINGS, THE BORROWER OR ANY SUBSIDIARY OR AFFILIATE THEREOF, AND REGARDLESS OF WHETHER ANY INDEMNITEE IS A PARTY THERETO, OR (V) ANY CLAIM (INCLUDING, WITHOUT LIMITATION, ANY ENVIRONMENTAL CLAIMS), INVESTIGATION, LITIGATION OR
OTHER PROCEEDING (WHETHER OR NOT THE ADMINISTRATIVE AGENT OR ANY LENDER IS A PARTY THERETO) AND THE PROSECUTION AND DEFENSE THEREOF, ARISING OUT OF OR IN ANY WAY CONNECTED WITH THE ADVANCES, ANY LOAN DOCUMENT, OR ANY DOCUMENTS CONTEMPLATED BY OR
REFERRED TO HEREIN OR THEREIN OR THE TRANSACTIONS CONTEMPLATED HEREBY OR THEREBY (AND IN ALL CASES, WHETHER OR NOT CAUSED BY OR ARISING, IN WHOLE OR IN PART, OUT OF THE COMPARATIVE, CONTRIBUTORY OR SOLE NEGLIGENCE OF SUCH
INDEMNITEE); PROVIDED THAT SUCH INDEMNITY SHALL NOT, AS TO ANY INDEMNITEE, BE AVAILABLE TO THE EXTENT THAT SUCH LOSSES, CLAIMS, DAMAGES, LIABILITIES OR RELATED EXPENSES ARE DETERMINED BY A COURT OF COMPETENT JURISDICTION BY
FINAL AND NON-APPEALABLE JUDGMENT (A) TO HAVE RESULTED FROM THE GROSS NEGLIGENCE, BAD FAITH OR WILLFUL MISCONDUCT OF SUCH INDEMNITEE, (B) TO HAVE RESULTED FROM A CLAIM
BROUGHT BY THE BORROWER AGAINST ANY INDEMNITEE OF ANY MATERIAL BREACH OF SUCH INDEMNITEE’S FUNDING OBLIGATIONS UNDER THIS AGREEMENT, OR (C) ARE ON ACCOUNT OF A DISPUTE ARISING SOLELY AMONG INDEMNITEES (OTHER THAN THE
ADMINISTRATIVE AGENT IN ITS ROLE AS SUCH) TO THE EXTENT SUCH DISPUTE DOES NOT INVOLVE AND IS NOT RELATED TO ANY ACT, OMISSION OR REPRESENTATION ON THE PART OF, OR ANY INFORMATION PROVIDED BY OR ON BEHALF OF, THE BORROWER, ANY GUARANTOR OR AFFILIATES
THEREOF. THIS INDEMNITY SHALL NOT APPLY WITH RESPECT TO TAXES OTHER THAN ANY TAXES THAT REPRESENT LOSSES, CLAIMS, DAMAGES, ETC. ARISING FROM ANY NON-TAX CLAIM. No Loan Party shall, without the prior
written consent of each Indemnitee affected thereby, settle any threatened or pending claim or action that would give rise to the right of any Indemnitee to claim indemnification hereunder unless such settlement (x) includes a full and
unconditional release of all liabilities arising out of such claim or action against such Indemnitee, (y) does not include any statement as to or an admission of fault, culpability or failure to act by or on behalf of any Indemnitee and
(z) does not require any actions to be taken or refrained from being taken by any Indemnitee other than the execution of the related settlement agreement, if any. 

(b)    WAIVER OF CONSEQUENTIAL DAMAGES, ETC. TO THE FULLEST EXTENT PERMITTED BY APPLICABLE LEGAL
REQUIREMENT THE PARTIES HERETO SHALL NOT ASSERT, AND HEREBY WAIVE, ANY CLAIM AGAINST ANY  

  
 114 

 
OTHER PARTY HERETO, 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, ANY THIS AGREEMENT, THE OTHER LOAN DOCUMENTS, OR ANY AGREEMENT OR INSTRUMENT CONTEMPLATED HEREBY OR THEREBY, THE TRANSACTIONS CONTEMPLATED HEREBY OR THEREBY, ANY ADVANCE OR THE USE OF THE PROCEEDS THEREOF; PROVIDED THAT, THIS
WAIVER AND AGREEMENT SHALL NOT LIMIT THE LOAN PARTIES’ INDEMNIFICATION OBLIGATIONS TO THE EXTENT SET FORTH IN THIS AGREEMENT OR THE OTHER LOAN DOCUMENTS TO THE EXTENT SUCH SPECIAL, INDIRECT, CONSEQUENTIAL OR PUNITIVE DAMAGES ARE INCLUDED IN ANY
THIRD PARTY CLAIM IN CONNECTION WITH WHICH SUCH INDEMNIFIED PERSON IS OTHERWISE ENTITLED TO INDEMNIFICATION HEREUNDER OR THEREUNDER. NO INDEMNITEE SHALL BE LIABLE FOR ANY DAMAGES ARISING FROM THE USE BY UNINTENDED RECIPIENTS OF ANY INFORMATION OR
OTHER MATERIALS DISTRIBUTED BY IT THROUGH TELECOMMUNICATIONS, ELECTRONIC OR OTHER INFORMATION TRANSMISSION SYSTEMS IN CONNECTION WITH THIS AGREEMENT OR THE OTHER LOAN DOCUMENTS OR THE TRANSACTIONS CONTEMPLATED HEREBY OR THEREBY. 

(c)    Payments. All amounts due under this Section shall be payable promptly after demand therefor. 

(d)    Survival. Without prejudice to the survival of any other agreement of the Loan Parties hereunder, the
agreements and obligations of the Loan Parties contained in this Section 9.02 shall survive the termination of this Agreement, the termination of all Commitments, and the payment in full of the Advances and all other amounts payable under this
Agreement. 
 Section 9.03    Waivers and Amendments. No amendment or waiver of any provision of this
Agreement, the Notes, or any other Loan Document (other than the Fee Letters), nor consent to any departure by any Loan Party therefrom, shall in any event be effective unless the same shall be in writing and signed by the Majority Lenders and the
Borrower, and then such waiver or consent shall be effective only in the specific instance and for the specific purpose for which given; provided that: 

(a)    no amendment, waiver or consent shall, without the consent of each Lender directly and adversely affected thereby,
(i) reduce the amount of, or rate of interest on, the Advances (other than the Default Rate of interest on the Advances which may be reduced or waived by the Majority Lenders), (ii) reduce the amount of any fees or other amounts payable
hereunder or under any other Loan Document (other than those specifically addressed above in this Section 9.03), (iii) amend, waive or consent to depart from any of the conditions specified in Section 3.01 (other than such conditions which
are expressly noted to be subject to Majority Lenders’ approval), (iv) increase the Commitment or any obligations of any Lender, (v) postpone or extend any date fixed for any payment of any fees or other amounts payable hereunder (other
than those otherwise specifically addressed in this Section 9.03), including an extension of the Maturity Date, or (vi) amend, waive or consent to depart from Section 2.12(e) or Section 7.06; 

  
 115 

 (b)    no amendment, waiver or consent shall, unless the same shall be in
writing and signed by each Lender, (i) except as permitted under Section 8.11(b), release all or substantially all of the Guarantors from their obligations under any Guaranty or, except as specifically provided in the Loan Documents and as
a result of transactions permitted by the terms of this Agreement, release all or substantially all of the Collateral; or (ii) amend the definition of “Majority Lenders”, this Section 9.03 or any other provision in any
Loan Document specifying the number or percentage of Lenders required to waive, amend or modify any rights thereunder (other than as provided in clause (c) below); and 

(c)    no amendment, waiver, or consent shall, unless in writing and signed by the Administrative Agent in addition to the
Lenders required above to take such action, affect the rights or duties of the Administrative Agent under this Agreement or any other Loan Document. In connection with any amendment, waiver or consent required to be signed by the Majority Lenders,
the Loan Parties are entitled to rely conclusively on each such Majority Lender’s signature thereto as a representation and warranty by such Majority Lender that it is not an Affiliate of any other Majority Lender. 

Section 9.04    Severability. Any provision of this Agreement or any other Loan Document which is prohibited
or unenforceable in any jurisdiction shall, as to such jurisdiction, be ineffective only to the extent of such prohibition or unenforceability without invalidating the remainder of such provision or the remaining provisions hereof or thereof or
affecting the validity or enforceability of such provision in any other jurisdiction. 

Section 9.05    Survival of Representations and Obligations. 

(a)    All representations and warranties set forth in Article IV and all representations and warranties contained
in any certificate, or any of the Loan Documents (including, but not limited to, any such representation or warranty made in or in connection with any amendment thereto) shall constitute representations and warranties made under this Agreement. All
representations and warranties made under this Agreement shall be made or deemed to be made at and as of the Closing Date (except those that are expressly made as of a specific date), shall survive the Closing Date and shall not be waived by the
execution and delivery of this Agreement, any investigation made by or on behalf of the Lenders or any borrowing hereunder. 

(b)    Notwithstanding any termination of this Agreement, the indemnities to which the Administrative Agent and the
Lenders are entitled under the provisions of Article VIII or Article IX and any other provision of this Agreement and the other Loan Documents shall continue in full force and effect and shall protect the Administrative Agent and the
Lenders against events arising after such termination as well as before. Without limiting the foregoing, all obligations of the Loan Parties provided for in Sections 2.09, 2.10, 2.13(d), 9.01 and 9.02 and all of the obligations of the Lenders in
Section 8.09 shall survive any termination of this Agreement and repayment in full of the Obligations. No termination of this Agreement shall affect the rights and obligations of the parties hereto arising prior to such termination or in
respect of any provision of this Agreement which survives such termination. 

  
 116 

 Section 9.06    Binding Effect. This Agreement shall become effective
when it shall have been executed by Holdings, the Borrower and the Administrative Agent, and when the Administrative Agent shall have, as to each Lender, either received a counterpart hereof executed by such Lender or been notified by such Lender
that such Lender has executed it and thereafter shall be binding upon and inure to the benefit of the Borrower, the Administrative Agent, and each Lender and their respective permitted successors and assigns, except that neither the Borrower nor any
other Loan Party shall have the right to assign its rights or delegate its duties under this Agreement or any other Loan Document or any interest in this Agreement or any other Loan Document without the prior written consent of each Lender, except
as otherwise permitted by Section 6.04. Each Loan Party agrees that no Affiliate, equityholder or creditor of such Loan Party is intended to be, and none of such Persons shall be, third party beneficiaries of this Agreement or any other Loan
Document, and therefore no Indemnitee will have any liability (whether direct or indirect, in contract or tort, or otherwise) to any Loan Party’s respective Affiliate that is not a party hereto or to any Loan Party’s equityholders or
creditors arising out of, related to or in connection with any aspect of the transactions contemplated hereby. 

Section 9.07    Successors and Assigns. 

(a)    Successors and Assigns Generally. 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 neither the Borrower nor any other Loan Party may 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 paragraph (b) of this
Section, (ii) by way of participation in accordance with the provisions of paragraph (d) of this Section, or (iii) by way of pledge or assignment of a security interest subject to the restrictions of paragraph (e) 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 paragraph (d) of this Section and, to the extent expressly contemplated hereby, the Related Parties of each of the Administrative Agent and the Lenders) any legal or equitable
right, remedy or claim under or by reason of this Agreement. 
 (b)    Assignment by Lenders. 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 Advances at the time owing to it); provided that any such assignment shall be
subject to the following conditions: 
 (i)    Minimum
Amounts. The aggregate amount of the Commitment (which for this purpose includes Advances outstanding thereunder) or, if the applicable Commitment is not then in effect, the principal outstanding balance of the Advances of

  
 117 

 
the assigning Lender subject to each such assignment (determined as of the date the Assignment and Acceptance with respect to such assignment is delivered to the Administrative Agent or, if
“Trade Date” is specified in the Assignment and Acceptance, as of the Trade Date) shall not be less than $1,000,000, unless (A) such assignment is to a Lender, and Affiliate of a Lender, or an Approved Fund or (B) each of
the Administrative Agent and, so long as no as no Event of Default has occurred and is continuing, the Borrower otherwise consents (each such consent not to be unreasonably withheld or delayed). 

(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 Advance or the Commitment assigned. 

(iii)    Required Consents. No consent shall be required for any assignment except to the extent
required by paragraph (b)(i) 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 (x) an Event of Default has occurred and is continuing at the time of such assignment or (y) 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 5 Business Days after having received notice thereof; and

 (B)    the consent of the Administrative Agent (such consent not to be unreasonably withheld or
delayed) shall be required for assignments to a Person that is not a Lender, an Affiliate of a Lender, or an Approved Fund. 

(iv)    Assignment and Acceptance. The parties to each assignment shall execute and deliver to the
Administrative Agent an Assignment and Acceptance, together with a processing and recordation fee of $3,500; provided 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)    Limitations on Assignment to Certain Persons. No such assignment shall be made to
(A) the Borrower or any of the Borrower’s Affiliates or Subsidiaries, (B) 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) any a Disqualified Lender. 
 (vi)    No Assignment to Natural
Persons. No such assignment shall be made to a natural Person. 
 (vii)    Certain Additional
Payments. In connection with any assignment of rights and obligations of any Defaulting Lender hereunder, no such assignment shall be 

  
 118 

 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 Advances 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 Collateral Agent and each other Lender hereunder
(and interest accrued and unpaid thereon), and (y) acquire (and fund as appropriate) its full pro rata share of all Advances 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 Legal Requirement without compliance with the provisions of this paragraph, 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 paragraph (c) of this Section, from and after the effective date specified in each Assignment and Acceptance, the assignee thereunder shall be a party to this Agreement and, to the extent of the interest assigned by such
Assignment and Acceptance, 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 Acceptance, be released from its obligations under
this Agreement (and, in the case of an Assignment and Acceptance 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 2.10, 2.12, 9.01, 9.02 and 9.03 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. Any assignment or transfer by a Lender of rights or obligations under this
Agreement that does not comply with this paragraph 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 paragraph (d) of this Section. 

The Administrative Agent shall not be responsible or have any liability for, or have any duty to ascertain, inquire into,
monitor or enforce, compliance with the provisions hereof relating to Disqualified Lender. Without limiting the generality of the foregoing, the Administrative Agent shall not (x) be obligated to ascertain, monitor or inquire as to whether any
Lender or Participant or prospective Lender or Participant is a Disqualified Lender or (y) have any liability with respect to or arising out of any assignment or participation of Loans or Commitments, or disclosure of confidential information,
to any Disqualified Lender. Notwithstanding the foregoing, any assignment or sale of participations to a Disqualified Lender shall be null and void. 

  
 119 

 (c)    Register. The Administrative Agent, acting solely for this
purpose as a non-fiduciary agent of the Borrower, shall maintain at its address referred to in Section 9.09 a copy of each Assignment and Acceptance delivered to it 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 Advances owing to, each Lender pursuant to the terms hereof from time to time (the “Register”). The entries in the
Register shall be conclusive and binding for all purposes, 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. The Borrower hereby agrees that the
Administrative Agent acting as its agent solely for the purpose set forth above in this clause (c), shall not subject the Administrative Agent to any fiduciary or other implied duties, all of which are hereby waived by the Borrower. 

(d)    Participations. 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 Advances 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, the Collateral Agent and 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 9.02(a) 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, modification or waiver described in clauses (a), (b), or (c) of Section 9.03 (that adversely affects such Participant). The Borrower agrees that each Participant shall be entitled to the benefits of
Sections 2.09, 2.11, and 2.13 (subject to the requirements and limitations therein, including the requirements under Section 2.13(f) (it being understood that the documentation required under Section 2.13(f) shall be delivered to the
participating Lender)) to the same extent as if it were a Lender and had acquired its interest by assignment pursuant to paragraph (b) of this Section; provided that such Participant (A) agrees to be subject to the provisions of
Section 2.14 as if it were an assignee under paragraph (b) of this Section; and (B) shall not be entitled to receive any greater payment under Sections 2.11 or 2.13, with respect to any participation, than its participating Lender
would have been entitled to receive, except to the extent such entitlement to receive a greater payment results from a Change in Law that occurs after the Participant acquired the applicable participation. 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 

  
 120 

 
Section 2.14 with respect to any Participant. To the extent permitted by law, each Participant also shall be entitled to the benefits of Section 7.04 as though it were a Lender;
provided that such Participant agrees to be subject to Section 2.12(e) 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 Advances 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. The Borrower hereby agrees that each Lender acting as its agent solely for the purpose set forth above in this clause (d), shall not
subject such Lender to any fiduciary or other implied duties, all of which are hereby waived by the Borrower. 

(e)    Certain Pledges. Any Lender may at any time pledge or assign a security interest in all or any portion of
its rights under this Agreement to secure obligations of such Lender, including any pledge or assignment to secure obligations to a Federal Reserve 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. 

(f)    Cashless Settlement. Notwithstanding anything to the contrary contained in this Agreement, any Lender may
exchange, continue or rollover all or a portion of its Advances in connection with any refinancing, extension, loan modification or similar transaction permitted by the terms of this Agreement, pursuant to a cashless settlement mechanism approved by
the Borrower, the Administrative Agent and such Lender. 
 Section 9.08    Confidentiality. Each Lender
Party agrees to maintain the confidentiality of the Information (as defined below), except that Information may be disclosed (a) to its Affiliates and to its and their Related Parties (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 required or requested by, or required to be disclosed to, any regulatory or similar authority
purporting to have jurisdiction over such Person or its Related Parties (including any self-regulatory authority, such as the National Association of Insurance Commissioners), (c) as to the extent required by Legal Requirements or regulations or in
any legal, judicial, administrative or other compulsory proceeding, (d) to any other party hereto, (e) in connection with the exercise of any remedies under this Agreement, under any other Loan Document or under any agreement related to
any Obligation, or any action or proceeding relating to this Agreement, any other Loan Document or any agreement related to any Obligation, or the enforcement of rights 

  
 121 

 
hereunder or thereunder, (f) subject to an agreement containing provisions substantially the same as those of this Section, to (i) any assignee of or Participant in, or any prospective
assignee of or Participant in, any of its rights and obligations under this Agreement, (ii) any actual or prospective party (or its Related Parties) to any swap, derivative or other transaction under which payments are to be made by reference
to any Loan Party and its obligations, this Agreement or payments hereunder, (iii) to an investor or prospective investor in an Approved Fund that is instructed of the confidential nature of the information and that such Information may be used
solely for the purpose of evaluating an investment or prospective investment in such Approved Fund, (iv) to a trustee, collateral manager, servicer, backup servicer, noteholder or secured party in an Approved Fund in connection with the
administration, servicing and reporting on the assets serving as collateral for an Approved Fund, or (v) to a nationally recognized rating agency that requires access to information regarding Holdings and its Subsidiaries, the Advances and the
Loan Documents in connection with ratings issued with respect to an Approved Fund, (g) on a confidential basis to the CUSIP Service Bureau or any similar agency in connection with the issuance and monitoring of CUSIP numbers with respect to the
credit facility, (h) with the consent of the Borrower, (i) to Gold Sheets and other similar bank trade publications, such information to consist of deal terms and other information customarily found in such publications, (j) to the
extent such Information (i) becomes publicly available other than as a result of a breach of this Section by the disclosing party or (ii) becomes available to any Secured Party or affiliate thereof from a third party that is not, to such
Person’s actual knowledge, subject to confidentiality obligations to Holdings or the Borrower, (k) to governmental regulatory authorities in connection with any regulatory examination of any Lender Party or, if such Lender Party deems
necessary for the mitigation of claims by those authorities against such Lender Party or any of its subsidiaries or affiliates, in accordance with such Lender Party’s regulatory compliance policy, (l) to the extent that such information is
independently developed by such Lender Party, or (m) for purposes of establishing a “due diligence” defense. For purposes of this Section, “Information” means all information received from any Loan Party or any
Subsidiary thereof relating to any Loan Party or any Subsidiary thereof or any of their respective businesses, other than any such information that is available to the Administrative Agent, any Lender or the Collateral Agent on a nonconfidential
basis prior to disclosure by any Loan Party or any Subsidiary thereof; provided that, in the case of information received from a Loan Party or any Subsidiary thereof after the date hereof, such information is clearly identified at the time of
delivery as confidential. Any Person required to maintain the confidentiality of Information as provided in this Section shall be considered to have complied with its obligation to do so if such Person has exercised the same degree of care to
maintain the confidentiality of such Information as such Person would accord to its own confidential information. NOTWITHSTANDING ANYTHING TO THE CONTRARY CONTAINED HEREIN, nothing in this Agreement shall (a) restrict any
Lender Party from providing information to any bank or other regulatory or governmental authorities, including the Federal Reserve Board and its supervisory staff; (b) require or permit any Lender Party to disclose to any Loan
Party that any information will be or was provided to the Federal Reserve Board or any of its supervisory staff; or (c) require or permit any Lender Party to inform any Loan Party of a current or upcoming Federal Reserve Board
examination or any nonpublic Federal Reserve Board supervisory initiative or action. 

  
 122 

 Section 9.09    Notices, Etc. 

(a)    All notices and other communications (other than Notices of Borrowing and Notices of Conversion or Continuation,
which are governed by Article II of this Agreement) shall be in writing and hand delivered with written receipt, telecopied, sent by facsimile, sent by electronic mail as permitted under paragraph (b) below (with, in the case of electronic
mail, a hard copy sent as otherwise permitted in this Section 9.09), sent by a nationally recognized overnight courier, or sent by certified mail, return receipt requested as follows: if to a Loan Party, as specified on Schedule I, if to
the Administrative Agent or the Collateral Agent, at its credit contact specified under its name on Schedule I, and if to any Lender at its credit contact specified in its Administrative Questionnaire. Each party may change its notice address
by written notification to the other parties. All such notices and communications shall be effective when delivered, except that (i) notices and communications to the Administrative Agent, any Lender or the Collateral Agent pursuant to Article
II shall not be effective until received and, in the case of facsimile delivered under Article II, such receipt is confirmed by the Administrative Agent, such Lender or the Collateral Agent, as applicable, verbally or in writing and
(ii) notices delivered through electronic communications to the extent provided in paragraph (b) below, shall be effective as provided in said paragraph (b). 

(b)    Electronic Communications. Notices and other communications to the Lenders 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 pursuant to Article
II if such Lender has notified the Administrative Agent that 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), 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; provided that, for both clauses (i) and (ii) above, if such notice, email or other
communication is not sent during the normal business hours of the recipient, such notice, email or other communication shall be deemed to have been sent at the opening of business on the next business day for the recipient. 

(c)    Platform. 

(i)    Each Loan Party agrees that the Administrative Agent may, but shall not be obligated to, make the
Communications (as defined below) available to the Lenders by posting the Communications on Debt Domain, Intralinks, Syndtrak or a substantially similar electronic transmission system (the “Platform”).

  
 123 

 
(ii)    The Platform is provided “as is” and “as available.” The Agent Parties (as defined below) do not warrant the adequacy of the Platform and expressly
disclaim liability for errors or omissions in the Communications. No warranty of any kind, express, implied or statutory, including, without limitation, any warranty of merchantability, fitness for a particular purpose, non-infringement of third-party rights or freedom from viruses or other code defects, is made by any Agent Party in connection with the Communications 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 or the other Loan Parties, any Lender or any other Person or entity for damages of any kind, including, without limitation, direct or
indirect, special, incidental or consequential damages, losses or expenses (whether in tort, contract or otherwise) arising out of the Borrower’s, any Loan Party’s or the Administrative Agent’s transmission of communications through
the Platform. “Communications” means, collectively, any notice, demand, communication, information, document or other material provided by or on behalf of any Loan Party pursuant to any Loan Document or the transactions contemplated
therein which is distributed to the Administrative Agent or any Lender by means of electronic communications pursuant to this Section, including through the Platform. 

Section 9.10    USURY NOT INTENDED. IT IS THE INTENT OF EACH LOAN PARTY AND EACH LENDER PARTY IN THE
EXECUTION AND PERFORMANCE OF THIS AGREEMENT AND THE OTHER LOAN DOCUMENTS TO CONTRACT IN STRICT COMPLIANCE WITH APPLICABLE USURY LAWS, INCLUDING CONFLICTS OF LAW CONCEPTS, GOVERNING THE ADVANCES OF EACH LENDER INCLUDING SUCH APPLICABLE LEGAL
REQUIREMENTS OF THE STATE OF NEW YORK, IF ANY, AND THE UNITED STATES OF AMERICA FROM TIME TO TIME IN EFFECT, AND ANY OTHER JURISDICTION WHOSE LAWS MAY BE MANDATORILY APPLICABLE TO SUCH LENDER NOTWITHSTANDING THE OTHER PROVISIONS OF THIS AGREEMENT.
IN FURTHERANCE THEREOF, THE LENDER PARTIES AND THE LOAN PARTIES STIPULATE AND AGREE THAT NONE OF THE TERMS AND PROVISIONS CONTAINED IN THIS AGREEMENT OR THE OTHER LOAN DOCUMENTS SHALL EVER BE CONSTRUED TO CREATE A CONTRACT TO PAY, AS CONSIDERATION
FOR THE USE, FORBEARANCE OR DETENTION OF MONEY, INTEREST AT A RATE IN EXCESS OF THE MAXIMUM RATE AND THAT FOR PURPOSES OF THIS AGREEMENT “INTEREST” SHALL INCLUDE THE AGGREGATE OF ALL CHARGES WHICH CONSTITUTE INTEREST UNDER
SUCH LAWS THAT ARE CONTRACTED FOR, CHARGED OR RECEIVED UNDER THIS AGREEMENT; AND IN THE EVENT THAT, NOTWITHSTANDING THE FOREGOING, UNDER ANY CIRCUMSTANCES THE AGGREGATE AMOUNTS TAKEN, RESERVED, CHARGED, RECEIVED OR PAID ON THE ADVANCES, INCLUDE
AMOUNTS WHICH BY APPLICABLE LEGAL REQUIREMENT ARE DEEMED INTEREST WHICH WOULD EXCEED THE MAXIMUM RATE, THEN SUCH EXCESS SHALL BE DEEMED TO BE A MISTAKE AND EACH LENDER RECEIVING SAME SHALL CREDIT THE SAME ON THE PRINCIPAL OF ITS ADVANCES (OR IF SUCH
ADVANCES SHALL HAVE BEEN PAID IN FULL, REFUND SAID EXCESS TO THE BORROWER). IN THE EVENT THAT THE  

  
 124 

 
MATURITY OF THE ADVANCES ARE ACCELERATED BY REASON OF ANY ELECTION OF THE HOLDER THEREOF RESULTING FROM ANY EVENT OF DEFAULT UNDER THIS AGREEMENT OR OTHERWISE, OR IN THE EVENT OF ANY REQUIRED OR
PERMITTED PREPAYMENT, THEN SUCH CONSIDERATION THAT CONSTITUTES INTEREST MAY NEVER INCLUDE MORE THAN THE MAXIMUM RATE, AND EXCESS INTEREST, IF ANY, PROVIDED FOR IN THIS AGREEMENT OR OTHERWISE SHALL BE CANCELED AUTOMATICALLY AS OF THE DATE OF SUCH
ACCELERATION OR PREPAYMENT AND, IF THERETOFORE PAID, SHALL BE CREDITED ON THE APPLICABLE ADVANCES (OR, IF THE APPLICABLE ADVANCES SHALL HAVE BEEN PAID IN FULL, REFUNDED TO THE BORROWER OF SUCH INTEREST). IN DETERMINING WHETHER OR NOT THE INTEREST
PAID OR PAYABLE UNDER ANY SPECIFIC CONTINGENCIES EXCEEDS THE MAXIMUM RATE, THE LOAN PARTIES AND THE LENDERS SHALL TO THE MAXIMUM EXTENT PERMITTED UNDER APPLICABLE LEGAL REQUIREMENT AMORTIZE, PRORATE, ALLOCATE AND SPREAD IN EQUAL PARTS DURING THE
PERIOD OF THE FULL STATED TERM OF THE OBLIGATIONS ALL AMOUNTS CONSIDERED TO BE INTEREST UNDER APPLICABLE LEGAL REQUIREMENT AT ANY TIME CONTRACTED FOR, CHARGED, RECEIVED OR RESERVED IN CONNECTION WITH THE OBLIGATIONS. THE PROVISIONS OF THIS SECTION
SHALL CONTROL OVER ALL OTHER PROVISIONS OF THIS AGREEMENT OR THE OTHER LOAN DOCUMENTS WHICH MAY BE IN APPARENT CONFLICT HEREWITH. 

Section 9.11    Usury Recapture. In the event the rate of interest chargeable under this Agreement or any
other Loan Document at any time is greater than the Maximum Rate, the unpaid principal amount of the Advances shall bear interest at the Maximum Rate until the total amount of interest paid or accrued on the Advances equals the amount of interest
which would have been paid or accrued on the Advances if the stated rates of interest set forth in this Agreement or applicable Loan Document had at all times been in effect. In the event, upon payment in full of the Advances, the total amount of
interest paid or accrued under the terms of this Agreement and the Advances is less than the total amount of interest which would have been paid or accrued if the rates of interest set forth in this Agreement had, at all times, been in effect, then
the Borrower shall, to the extent permitted by applicable Legal Requirement, pay the Administrative Agent for the account of the Lenders an amount equal to the difference between (i) the lesser of (A) the amount of interest which would
have been charged on its Advances if the Maximum Rate had, at all times, been in effect and (B) the amount of interest which would have accrued on its Advances if the rates of interest set forth in this Agreement had at all times been in effect
and (ii) the amount of interest actually paid under this Agreement on its Advances. In the event the Lenders ever receive, collect or apply as interest any sum in excess of the Maximum Rate, such excess amount shall, to the extent permitted by
law, be applied to the reduction of the principal balance of the Advances, and if no such principal is then outstanding, such excess or part thereof remaining shall be paid to the Borrower. 

Section 9.12    Payments Set Aside. To the extent that any payment by or on behalf of the Borrower is made to
any Lender Party, or any Lender Party exercises its right of setoff, and such payment or the proceeds of such setoff or any part thereof is subsequently invalidated, 

  
 125 

 
declared to be fraudulent or preferential, set aside or required (including pursuant to any settlement entered into by any Lender Party 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 setoff had not occurred, and (b) each Lender Party severally agrees to pay to the Administrative Agent upon demand its applicable share (without duplication) 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 Rate in effect from time to time, in the applicable
currency of such recovery or payment. The obligations of the Lenders under clause (b) of the preceding sentence shall survive the payment in full of the Obligations and the termination of this Agreement. 

Section 9.13    Performance of Duties. Each of the Loan Party’s obligations under this Agreement and each
of the other Loan Documents shall be performed by such Loan Party at its sole cost and expense. 

Section 9.14    All Powers Coupled with Interest. All powers of attorney and other authorizations granted to
the Lenders, the Administrative Agent and any Persons designated by the Administrative Agent or any Lender pursuant to any provisions of this Agreement or any of the other Loan Documents shall be deemed coupled with an interest and shall be
irrevocable so long as any of the Obligations remain unpaid or unsatisfied, any of the Commitments remain in effect or the credit facility evidenced hereby has not been terminated. 

Section 9.15    Governing Law. This Agreement and the other Loan Documents and any claim, controversy, dispute
or cause of action (whether in contract or tort or otherwise) based upon, arising out of or relating to this Agreement or any other Loan Document (except, as to any other Loan Document, as expressly set forth therein) and the transactions
contemplated hereby and thereby shall be governed by, and construed in accordance with, the law of the State of New York (including Section 5-1401 and
Section 5-1402 of the General Obligations Law of the State of New York), without reference to any other conflicts or choice of law principles thereof. 

Section 9.16    Submission to Jurisdiction; Service of Process. The
Borrower and each other Loan Party irrevocably and unconditionally agrees that it
will not commence any action, litigation or proceeding of any kind or description,
whether in law or equity, whether in contract or in tort or otherwise,
against any Secured Party or any Related Party of any Secured Party in
any way relating to this Agreement or any other Loan Document or
the transactions relating hereto or thereto, in any forum other than the courts
of the State of New York sitting in New York County, and of the
United States District Court of the Southern District of New
York, and any appellate court from any thereof, and each of the parties
hereto irrevocably and unconditionally submits to the jurisdiction of such courts
and agrees that all claims in respect of any such action,
litigation or proceeding may be heard and determined in such New York State court
or, to the fullest extent permitted by applicable Legal Requirement, in
such federal court. Each of the parties hereto agrees that a final
judgment in any such action, litigation or  

  
 126 

 
proceeding shall be conclusive and may be enforced in other jurisdictions by suit on the judgment or in any other manner provided by Legal Requirement. Nothing in this Agreement or in any other
Loan Document shall affect any right that any Secured Party may otherwise have to bring any action or proceeding relating to this Agreement or any other Loan Document against the Borrower or any other Loan Party or its Properties in the courts of
any jurisdiction. Each party hereto irrevocably consents to service of process in the manner provided for notices in Section 9.09. Nothing in this Agreement will affect the right of any party hereto to serve process in any other manner
permitted by applicable Legal Requirement. 
 Section 9.17    Waiver of Venue. The Borrower and each
other Loan Party irrevocably and unconditionally waives, to the fullest extent permitted by applicable Legal Requirement, any objection that it may now or hereafter have to the laying of venue of any action or proceeding arising out of or relating
to this Agreement or any other Loan Document in any court referred to in Section 9.16. Each of the parties hereto hereby irrevocably waives, to the fullest extent permitted by applicable Legal Requirement, the defense of an inconvenient forum
to the maintenance of such action or proceeding in any such court. 
 Section 9.18    Execution in Counterparts;
Electronic Execution. 
 (a)    Counterparts. This Agreement may be executed in any number of counterparts and
by different parties hereto in separate counterparts, each of which when so executed shall be deemed to be an original and all of which taken together shall constitute one and the same agreement. Delivery of an executed counterpart of a signature
page of this Agreement by facsimile or in electronic (i.e., “pdf” or “tif”) format shall be effective as delivery of a manually executed counterpart of this Agreement. 

(b)    Electronic Execution of Assignments. The words “execution,” “signed,”
“signature,” and words of like import in any Assignment and Acceptance 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 Legal Requirement, 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. 

Section 9.19    Independent Effect of Covenants. Holdings and the Borrower expressly acknowledge and agree
that each covenant contained in Articles V or VI hereof shall be given independent effect. Accordingly, no Loan Party shall engage in any transaction or other act otherwise permitted under any covenant contained in Articles V or VI, before or after
giving effect to such transaction or act, Holdings or the Borrower shall or would be in breach of any other covenant contained in Articles V or VI. 

Section 9.20    USA Patriot Act. Each Lender that is subject to the Patriot Act and the Administrative Agent
(for itself and not on behalf of any Lender) hereby notifies each Loan Party that pursuant to the requirements of the Patriot Act it is required to obtain, verify and 

  
 127 

 
record information that identifies such Loan Party, which information includes the name and address of such Loan Party and other information that will allow such Lender or the Administrative
Agent, as applicable, to identify such Loan Party in accordance with the Patriot Act. 
 Section 9.21    Flood
Insurance Regulations. If applicable, Jefferies Finance LLC, as administrative agent, will post on the applicable electronic platform (or otherwise distribute to each Lender) documents that it receives in connection with the Flood Insurance
Regulations (defined below); however, Jefferies Finance LLC reminds each Lender and Participant that, pursuant to the Flood Insurance Regulations, each federally regulated lender (whether acting as a Lender or Participant) is responsible for
assuring its own compliance with the Flood Insurance Regulations. Notwithstanding the foregoing or any other provision in this Agreement to the contrary, in no event is any Building (as defined in the applicable Flood Insurance Regulation) or
Manufactured (Mobile) Home (as defined in the applicable Flood Insurance Regulation) included in the definition of “Collateral” and no Building or Manufactured (Mobile) Home is intended to be encumbered by any Mortgage. As used
herein, “Flood Insurance Regulations” shall mean (a) the National Flood Insurance Act of 1968 as now or hereafter in effect or any successor statute thereto, (b) the Flood Disaster
Protection Act of 1973 as now or hereafter in effect or any successor statue thereto, (c) the National Flood Insurance Reform Act of 1994 (amending 42 USC 4001, et seq.), as the same may be amended or recodified from time to time, and
(d) the Flood Insurance Reform Act of 2004 and any regulations promulgated thereunder. 
 Section 9.22    NON-RELIANCE. IN EXECUTING THIS AGREEMENT, EACH LOAN PARTY HEREBY WARRANTS AND REPRESENTS IT IS NOT RELYING ON ANY STATEMENT OR REPRESENTATION OTHER THAN THOSE IN THIS AGREEMENT AND IS RELYING UPON ITS OWN
JUDGMENT AND ADVICE OF ITS ATTORNEYS. 
 Section 9.23    WAIVER OF JURY TRIAL. EACH
PARTY HERETO HEREBY IRREVOCABLY WAIVES, TO THE FULLEST EXTENT PERMITTED BY APPLICABLE LEGAL REQUIREMENT, ANY RIGHT IT MAY HAVE TO A TRIAL BY JURY IN ANY LEGAL PROCEEDING DIRECTLY OR INDIRECTLY ARISING OUT OF OR RELATING TO THIS AGREEMENT OR ANY
OTHER LOAN DOCUMENT OR THE TRANSACTIONS CONTEMPLATED HEREBY OR THEREBY (WHETHER BASED ON
CONTRACT, TORT OR ANY OTHER THEORY). EACH PARTY
HERETO (A) CERTIFIES THAT NO REPRESENTATIVE, AGENT
OR ATTORNEY OF ANY OTHER PERSON HAS REPRESENTED,
EXPRESSLY OR OTHERWISE, THAT SUCH OTHER PERSON WOULD
NOT, IN THE EVENT OF LITIGATION, SEEK TO ENFORCE THE FOREGOING
WAIVER AND (B) ACKNOWLEDGES THAT IT AND THE
OTHER PARTIES HERETO HAVE BEEN INDUCED TO
ENTER INTO THIS AGREEMENT AND THE OTHER LOAN
DOCUMENTS BY, AMONG OTHER THINGS, THE MUTUAL
WAIVERS AND CERTIFICATIONS IN THIS SECTION. 

Section 9.24    Reversal of Payments. To the extent any Loan Party makes a payment or payments
to the Administrative Agent for the ratable benefit of the Lenders or the 

  
 128 

 
Administrative Agent receives any payment or proceeds of the Collateral which payments or proceeds or any part thereof are subsequently invalidated, declared to be fraudulent or preferential, set
aside and/or required to be repaid to a trustee, receiver or any other party under any Debtor Relief Law, other applicable Legal Requirement or equitable cause, then, to the extent of such payment or proceeds repaid, the Obligations or part thereof
intended to be satisfied shall be revived and continued in full force and effect as if such payment or proceeds had not been received by the Administrative Agent. 

Section 9.25    Injunctive Relief. Each Loan Party hereto recognizes that, in the event such
Loan Party fails to perform, observe or discharge any of its obligations or liabilities under this Agreement, any remedy of law may prove to be inadequate relief to the Lenders. Therefore, each Loan Party hereto agrees that the Lenders, at the
Lenders’ option, shall be entitled to temporary and permanent injunctive relief in any such case without the necessity of proving actual damages. 

Section 9.26    No Advisory or Fiduciary Responsibility. 

(a)    In connection with all aspects of each transaction contemplated hereby, each Loan Party acknowledges and agrees, and
acknowledges its Affiliates’ understanding, that (i) the facilities 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 Collateral Agent and the Lenders, on the other hand, and each Loan Party 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, each of the Administrative Agent, the Collateral Agent and the Lenders 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, the Collateral Agent or the Lenders has assumed or will assume an advisory, agency or fiduciary responsibility
in favor of any Loan Party 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 any Lender Party has advised or is currently advising the Borrower or any of its Affiliates on other matters) and none of the Administrative Agent, the Collateral Agent or the Lenders has any obligation to the Borrower or any of its
Affiliates with respect to the financing transactions contemplated hereby except those obligations expressly set forth herein and in the other Loan Documents, (iv) the Collateral Agent, the Administrative Agent, the Lenders and their respective
Affiliates may be engaged in a broad range of transactions that involve interests that differ from, and may conflict with, those of the Borrower and its Affiliates, and none of the Administrative Agent, the Collateral Agent or the Lenders has any
obligation to disclose any of such interests by virtue of any advisory, agency or fiduciary relationship and (v) the Administrative Agent, the Collateral Agent and the Lenders 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 Loan Parties have consulted their own legal, accounting,
regulatory and tax advisors to the extent they have deemed appropriate. 

  
 129 

 (b)    Each Loan Party acknowledges and agrees that each Lender, the
Collateral Agent, the Administrative Agent and any Affiliate thereof may lend money to, invest in, and generally engage in any kind of business with, any of the Borrower, Holdings, any Affiliate thereof or any other person or entity that may do
business with or own securities of any of the foregoing, all as if such Lender, the Collateral Agent, the Administrative Agent or Affiliate thereof were not a Lender, the Collateral Agent, Administrative Agent or an Affiliate thereof (or an agent or
any other Person with any similar role under the credit facilities evidenced hereby) and without any duty to account therefor to any other Lender, the Collateral Agent, the Administrative Agent, Holdings, the Borrower or any Affiliate of the
foregoing. Each Lender, the Collateral Agent, the Administrative Agent and any Affiliate thereof may accept fees and other consideration from Holdings, the Borrower or any Affiliate thereof for services in connection with this Agreement, the credit
facilities evidenced hereby or otherwise without having to account for the same to any other Lender, the Collateral Agent, the Administrative Agent, Holdings, the Borrower or any Affiliate of the foregoing. 

Section 9.27    Inconsistencies with Other Documents. In the event there is a conflict or inconsistency
between this Agreement and any other Loan Document, the terms of this Agreement shall control; provided that any provision of the Security Instruments which imposes additional burdens on Holdings or any of its
Subsidiaries or further restricts the rights of Holdings or any of its Subsidiaries or gives the Administrative Agent, the Collateral Agent or Lenders additional rights shall not be deemed to be in conflict or inconsistent with this Agreement and
shall be given full force and effect. 
 Section 9.28    Acknowledgement and Consent to Bail-In of EEA 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 EEA 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 an EEA Resolution Authority and agrees and consents to, and
acknowledges and agrees to be bound by: 
 (a)    the application of any
Write-Down and Conversion Powers by an EEA Resolution Authority to any such liabilities arising hereunder which may be payable to it by any party hereto that is an EEA Financial Institution; and 

(b)    the effects of any Bail-in Action on any such liability, including, if
applicable: (i) a reduction in full or in part or cancellation of any such liability; 
 (i)    a
conversion of all, or a portion of, such liability into shares or other instruments of ownership in such EEA Financial Institution, its parent undertaking, or a bridge institution that may be issued to it or otherwise conferred on it, and that such
shares or other instruments of ownership will be accepted by it in lieu of any rights with respect to any such liability under this Agreement or any other Loan Document; or 

  
 130 

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

Section 9.29    ORAL AGREEMENTS. THIS WRITTEN AGREEMENT AND THE OTHER LOAN DOCUMENTS, AS
DEFINED IN THIS AGREEMENT, REPRESENT THE FINAL AGREEMENT AMONG THE PARTIES AND MAY NOT BE CONTRADICTED BY EVIDENCE OF PRIOR, CONTEMPORANEOUS, OR SUBSEQUENT ORAL AGREEMENTS OF THE PARTIES. 

THERE ARE NO UNWRITTEN ORAL AGREEMENTS AMONG THE PARTIES. 

Section 9.30    Intercreditor Matters. Each Lender hereby (a) consents to the subordination
of the Liens securing the Obligations on the terms set forth in the Intercreditor Agreement, (b) agrees that this Agreement and the other Loan Documents, and the rights and remedies of the Administrative Agent, the Collateral Agent and the
Lenders hereunder and thereunder, are subject to the terms of the Intercreditor Agreement, (c) agrees that it will be bound by and will take no actions contrary to the provisions of the Intercreditor Agreement and (d) authorizes and
instructs the Administrative Agent and the Collateral Agent to enter into the Intercreditor Agreement and to subject the Liens securing the Obligations to the provisions thereof. 

[Remainder of this page intentionally left blank. Signature page follows.] 

  
 131 

 
			
	PENN VIRGINIA HOLDING CORP., a Delaware Corporation
		
	By:	 	 /s/ Steve A. Hartman

	Name:	 	Steven A. Hartman
	Title:	 	Senior Vice President, Chief Financial Officer and Treasurer
	
	PENN VIRGINIA CORPORATION, a Virginia corporation
		
	By:	 	 /s/ Steve A. Hartman

	Name:	 	Steven A. Hartman
	Title:	 	Senior Vice President, Chief Financial Officer and Treasurer

  
 [Signature Page to Credit
Agreement] 

 
			
	JEFFERIES FINANCE LLC, as Administrative Agent, Collateral Agent, and a Lender
		
	By:	 	 /s/ John Koehler

	Name:	 	John Koehler
	Title:	 	Senior Vice President

  
 [Signature Page to Credit
Agreement] 

 
			
	ARES CAPITAL CORPORATION, as a Lender
		
	By:	 	 /s/ Ian Fitzgerald

	Name:	 	Ian Fitzgerald
	Title:	 	Authorized Signatory
	
	CION ARES DIVERSIFIED CREDIT FUND, as a Lender
		
	By:	 	 /s/ Anton Feingold

	Name:	 	Anton Feingold
	Title:	 	Authorized Signatory
	
	ARES JASPER FUND, L.P., as a Lender
	By: Ares Capital Management LLC, its investment manager
		
	By:	 	 /s/ Ian Fitzgerald

	Name:	 	Ian Fitzgerald
	Title:	 	Authorized Signatory
	
	ARES ND CREDIT STRATEGIES FUND LLC, as a Lender
	By: Ares Capital Management LLC, its investment manager
		
	By:	 	 /s/ Ian Fitzgerald

	Name:	 	Ian Fitzgerald
	Title:	 	Authorized Signatory

  
 [Signature Page to Credit
Agreement] 

 
			
	ARES CREDIT STRATEGIES INSURANCE DEDICATED FUND SERIES INTERESTS OF THE SALI MULTI-SERIES FUND, L.P., as a Lender
	By: Ares Capital Management LLC, its investment manager
		
	By:	 	 /s/ Ian Fitzgerald

	Name:	 	Ian Fitzgerald
	Title:	 	Authorized Signatory
	
	ARES DIRECT FINANCE I LP, as a Lender
	By: Ares Capital Management LLC, its investment manager
		
	By:	 	 /s/ Ian Fitzgerald

	Name:	 	Ian Fitzgerald
	Title:	 	Authorized Signatory

  
 [Signature Page to Credit
Agreement] 

 
			
	FS ENERGY AND POWER FUND, as a Lender
	By: GSO Capital Partners LP as Sub-Adviser
		
	By:	 	 /s/ Marisa Beeney

	Name:	 	Marisa Beeney
	Title:	 	Authorized Signatory

  
 [Signature Page to Credit
Agreement] 

 ANNEX I 
  

					
	 Lender
	  	Commitment	 
	 Jefferies Finance LLC
	  	$	50,000,000	 
	 Ares Capital Corporation (ARCC)
	  	$	90,132,019	 
	 CION Ares Diversified Credit Fund (CADEX)
	  	$	500,000	 
	 Ares Jasper Fund, L.P.
	  	$	2,594,554	 
	 Ares ND Credit Strategies Fund LLC
	  	$	1,193,740	 
	 Ares Credit Strategies Insurance Dedicated Fund Series Interests of the SALI Multi-Series Fund,
L.P.
	  	$	1,803,335	 
	 Ares Direct Finance I LP
	  	$	3,776,352	 
	 FS Energy and Power Fund
	  	$	50,000,000	 
	 Total:
	  	$	200,000,000	 

  
 Annex I 

 SCHEDULE I 

NOTICE INFORMATION 
 Administrative
Agent: 
 Jefferies Finance LLC 
 520 Madison Avenue 

New York, NY 10022 
 Attention: Account Manager – Penn
Virginia Holdings Corp. 
 Facsimile: 212-284-3444 

Electronic Mail: JFin.Admin@Jefferies.com 
 Loan Parties: 

at c/o Penn Virginia Corporation 
 14701 St. Mary’s Lane,
Suite 275 
 Houston, Texas 77079 
 Attn: Steven A. Hartman 

713-722-6529 

Steve.hartman@pennvirginia.com 

  
 Schedule IEX-10.3

 Exhibit 10.3 

Execution Version 

REFERENCE IS MADE TO THE INTERCREDITOR AGREEMENT
DATED AS OF SEPTEMBER 29, 2017 (AS AMENDED, RESTATED, SUPPLEMENTED OR OTHERWISE
MODIFIED FROM TIME TO TIME, THE “INTERCREDITOR AGREEMENT”), AMONG
PENN VIRGINIA HOLDING CORP. (THE “BORROWER”), PENN VIRGINIA CORPORATION
(“HOLDINGS”), EACH OTHER LOAN PARTY, WELLS FARGO BANK, NATIONAL
ASSOCIATION, AS AGENT FOR THE FIRST LIEN LENDERS (AS DEFINED BELOW)
(IN SUCH CAPACITY, THE “FIRST LIEN ADMINISTRATIVE AGENT”), AND
JEFFERIES FINANCE LLC, AS COLLATERAL AGENT FOR THE SECOND LIEN LENDERS (AS
DEFINED BELOW) (IN SUCH CAPACITY, TOGETHER WITH ANY SUCCESSORS AND ASSIGNS
IN SUCH CAPACITY, THE “COLLATERAL AGENT”). NOTWITHSTANDING ANYTHING HEREIN
TO THE CONTRARY, THE LIEN AND SECURITY INTEREST GRANTED TO THE
COLLATERAL AGENT, FOR THE BENEFIT OF THE SECURED PARTIES, PURSUANT TO
THIS AGREEMENT AND THE EXERCISE OF ANY RIGHT OR REMEDY BY THE
COLLATERAL AGENT AND THE OTHER SECURED PARTIES HEREUNDER ARE SUBJECT TO
THE PROVISIONS OF THE INTERCREDITOR AGREEMENT. IN THE EVENT OF ANY
CONFLICT OR INCONSISTENCY BETWEEN THE PROVISIONS OF THE INTERCREDITOR AGREEMENT AND
THIS AGREEMENT, THE PROVISIONS OF THE INTERCREDITOR AGREEMENT SHALL CONTROL 

PLEDGE AND SECURITY AGREEMENT 

This Pledge and Security Agreement, dated as of September 29, 2017 (as amended, supplemented, amended and restated or otherwise modified
from time to time, this “Security Agreement”), is by and among Borrower, Holdings, each subsidiary of Holdings signatory hereto (together with the Borrower and Holdings, the “Grantors” and individually, each a
“Grantor”) and JEFFERIES FINANCE LLC, as Collateral Agent for the ratable benefit of the Secured Parties. 
 W I T N E S
S E T H: 
 WHEREAS, this Security Agreement is entered into in connection with that certain Credit Agreement, dated as of
September 29, 2017 among the Borrower, Holdings, the lenders party thereto from time to time (the “Lenders”), and Jefferies Finance LLC, as the administrative agent (in such capacity, the “Administrative
Agent”) and Collateral Agent (as amended, restated, supplemented, amended and restated or otherwise modified from time to time, the “Credit Agreement”); and 

WHEREAS, pursuant to the terms of the Credit Agreement, and in consideration of the credit extended by the Lenders to the Borrower, certain
Grantors have executed and delivered that certain Guaranty Agreement dated as of the date hereof (the “Guaranty”), guaranteeing the Obligations; and 

WHEREAS, as a condition precedent to the extension of credit under the Credit Agreement, each Grantor is required to execute and deliver this
Security Agreement; and 
 WHEREAS, it is in the best interests of each Grantor to execute this Security Agreement inasmuch as each Grantor
will derive substantial direct and indirect benefits from the transactions contemplated by the Credit Agreement and the other Loan Documents and each Grantor is willing to execute, deliver and perform its obligations under this Security Agreement to
secure the Obligations; and 

  
 Pledge and Security
Agreement 

 NOW, THEREFORE, for good and valuable consideration, the receipt and sufficiency of which are
hereby acknowledged, each Grantor agrees, for the benefit of each Secured Party, as follows: 
 ARTICLE I 

DEFINITIONS 

SECTION 1.1.    Certain Terms. The following terms (whether or not underscored) when used in this Security
Agreement, including its preamble and recitals, shall have the following meanings (such definitions to be equally applicable to the singular and plural forms thereof): 

“Borrower” has the meaning set forth in the preamble. 

“Certificated Equipment” means any Equipment the ownership of which is evidenced by, or under applicable Legal Requirement,
is required to be evidenced by a certificate of title. 
 “Collateral” has the meaning set forth in
Section 2.1(a). 
 “Collateral Account” has the meaning set forth in
Section 4.3(b). 
 “Collateral Agent” has the meaning set forth in the preamble. 

“Computer Hardware and Software Collateral” means (a) all computer and other electronic data processing hardware,
integrated computer systems, central processing units, memory units, display terminals, printers, features, computer elements, card readers, tape drives, hard and soft disk drives, cables, electrical supply hardware, generators, power equalizers,
accessories and all peripheral devices and other related computer hardware, including all operating system software, utilities and application programs in whatsoever form owned by a Grantor or leased or licensed to Grantor, (b) software
programs (including both source code, object code and all related applications and data files), designed for use on the computers and electronic data processing hardware described in clause (a) above owned by a Grantor or leased or
licensed to a Grantor, (c) all firmware associated therewith, (d) all documentation (including flow charts, logic diagrams, manuals, guides, specifications, training materials, charts and pseudo codes) with respect to such hardware,
software and firmware described in the preceding clauses (a) through (c), and (e) all rights with respect to all of the foregoing, including copyrights (including renewal rights) and trade secret rights, contract rights of a
Grantor with respect to all or any of the foregoing, licenses, options, warranties, service contracts, program services, test rights, maintenance rights, support rights, improvement rights, renewal rights and indemnifications and any substitutions,
replacements, improvements, error corrections, updates, additions or model conversions of any of the foregoing. 

  
 Pledge and Security
Agreement 
 2 

 “Control Agreement” shall mean, as to any deposit account or security account of
any Grantor held with a bank or other financial institution, an agreement or agreements in form and substance reasonably acceptable to the Collateral Agent, among the Grantor owning such deposit account or security account, as applicable, the
Collateral Agent, and such other bank or financial institution governing such deposit account or security account, as applicable. 

“Copyright Collateral” means all copyrights of any Grantor, registered or unregistered and whether published or unpublished,
now or hereafter in force throughout the world including all of such Grantor’s rights, titles and interests in and to all copyrights registered in the United States Copyright Office (the “U.S. Copyright Office”) or anywhere
else in the world, including without limitation those copyright registrations or applications referred to in Item C of Schedule III hereto, and registrations and recordings thereof and all applications for registration thereof, whether
pending or in preparation, all copyright licenses, the right to sue for past, present and future infringements of any of the foregoing, all rights corresponding thereto, all extensions and renewals of any thereof and all Proceeds of the foregoing,
including licenses, royalties, income, payments, claims, damages and Proceeds of suit, which are owned or licensed by such Grantor. 

“Credit Agreement” has the meaning set forth in the first recital. 

“Discharge of First Lien Obligations” has the meaning assigned to such term in the Intercreditor Agreement. 

“Distributions” means all cash, cash dividends, stock dividends, other distributions, liquidating dividends, shares of stock
resulting from (or in connection with the exercise of) stock splits, reclassifications, warrants, options, non-cash dividends, and all other distributions or payments (whether similar or dissimilar to the
foregoing) on or with respect to, or on account of, any Pledged Share or Pledged Interest or other rights or interests constituting Collateral, provided that Distributions shall in no event include Excluded Tax Collateral. 

“Equipment” has the meaning set forth in Section 2.1(a)(i). 

“Excluded Collateral” has the meaning set forth in Section 2.1(b). 

“Excluded Contract” means any contract (and any contract rights arising thereunder) to which any of the Grantors is a party
on the date hereof or which is entered into by any Grantor after the date hereof which complies with Section 5.08 of the Credit Agreement (and the provisions of which are not agreed to by a Grantor for the purposes of excluding such contract
from the Lien granted hereunder), in any case to the extent (but only to the extent) that a Grantor is prohibited from granting a security interest in, pledge of, or charge, mortgage or other Lien upon any such Property by reason of (a) a
negative pledge, anti-assignment provision or other contractual restriction in existence on the date hereof or, as to contracts entered into after the date hereof, in existence in compliance with Section 5.08 of the Credit Agreement (and the
provisions of which are not agreed to by a Grantor for the purposes of excluding such contract from the Lien granted hereunder), or (b) applicable Legal Requirement to which such Grantor or such Property is subject; provided,
however, to the extent that (i) either of the prohibitions discussed in clause (a) or (b) above is ineffective or subsequently rendered ineffective under Sections 9-

  
 Pledge and Security
Agreement 
 3 

 
406, 9-407, 9- 408 or 9-409 of the UCC or under any other Legal Requirement
or is otherwise no longer in effect or enforceable, or (ii) the applicable Grantor has obtained the consent of the other parties to such Excluded Contract to the creation of a Lien on and security interest in, such Excluded Contract, then such
contract (and any contract rights arising thereunder) shall cease to be an “Excluded Contract” and shall automatically be subject to the Lien and security interests granted hereby and to the terms and provisions of this Security Agreement
as “Collateral”; provided further, that any Proceeds received by any Grantor from the sale, transfer or other disposition of Excluded Contracts shall constitute Collateral unless any Property constituting such Proceeds are
themselves subject to the exclusions set forth above or otherwise constitute Excluded Collateral. 
 “Excluded PMSI
Collateral” means any Property and Proceeds thereof (including insurance Proceeds) of a Grantor that is now or hereafter subject to a Lien securing purchase money debt or a Capital Lease Obligation to the extent (and only to the extent)
that (a) the Indebtedness associated with such Lien is permitted under Section 6.01 of the Credit Agreement, and (b) the documents evidencing such purchase money debt or Capital Lease Obligation prohibit or restrict the granting of a
Lien in such Property; provided, however, to the extent that either of the prohibitions discussed in clause (a) or (b) above is ineffective or subsequently rendered ineffective under Sections 9-406, 9-407, 9-408 or 9-409 of the UCC or under any other Legal Requirement or is otherwise no
longer in effect, then such Property and Proceeds thereof shall cease to be “Excluded PMSI Collateral” and shall automatically be subject to the Lien and security interests granted hereby and to the terms and provisions of this Security
Agreement as “Collateral”; provided further, that any Proceeds received by any Grantor from the sale, transfer or other disposition of Excluded PMSI Collateral shall constitute Collateral unless any Property constituting such
Proceeds are themselves subject to the exclusions set forth above or otherwise constitute Excluded Collateral. 
 “Excluded Tax
Collateral” means voting equity interests constituting more than 65% of the total outstanding voting equity interests of a “controlled foreign corporation” within the meaning of Section 957 of the Code (a “CFC”) or
a Foreign Holding Company and any property or assets of any CFC (whether held directly or indirectly). For the avoidance of doubt, notwithstanding anything to the contrary in this Security Agreement or any Loan Document, in no event shall Excluded
Tax Collateral be pledged as collateral to secure any Obligation. 
 “Excluded Trademark Collateral” means all United
States intent to use trademark applications with respect to which the grant of a security interest therein would impair the validity or enforceability of said intent to use trademark application under federal law; provided, however, to
the extent that such applicable Legal Requirement is no longer in effect, then such trademark application shall cease to be an “Excluded Trademark Collateral” and shall automatically be subject to the Lien and security interests granted
hereby and to the terms and provisions of this Security Agreement as “Collateral”; provided further, that any Proceeds received by any Grantor from the sale, transfer or other disposition of Excluded Trademark Collateral
shall constitute Collateral unless any Property constituting such Proceeds are themselves subject to the exclusions set forth above or otherwise constitute Excluded Collateral. 

  
 Pledge and Security
Agreement 
 4 

 “First Lien Administrative Agent” has the meaning set forth in the
preamble. 
 “Foreign Holding Company” means any entity substantially all of the assets of which consist directly or
indirectly of equity interests (or equity interests and debt interests) in one or more CFCs. 
 “General Intangibles” means
all “general intangibles” and all “payment intangibles”, each as defined in the UCC, and shall include all interest rate or currency protection or Hedge Contracts, all licenses, Permits, concessions and authorizations and all
Intellectual Property Collateral (in each case, regardless of whether characterized as general intangibles under the UCC). 

“Governmental Approval” has the meaning set forth in Section 2.1(a)(vi). 

“Grantor” has the meaning set forth in the preamble. For the avoidance of doubt, in no event shall a Grantor be an
Excluded Tax Subsidiary (as defined in the Credit Agreement). 
 “Indemnitee” has the meaning set forth in
Section 6.3(a). 
 “Intellectual Property Collateral” means, collectively, the Computer Hardware
and Software Collateral, the Copyright Collateral, the Patent Collateral, the Trademark Collateral and the Trade Secrets Collateral. 

“Intercreditor Agreement” has the meaning set forth in the preamble. 

“Inventory” has the meaning set forth in Section 2.1(a)(ii). 

“Lenders” has the meaning set forth in the first recital. 

“Patent Collateral” means (a) all inventions and discoveries, whether patentable or not, all letters patent and
applications for letters patent throughout the world including, without limitation, those patents and patent applications referred to in Item A of Schedule III hereto, (b) all reissues, divisions, continuations, continuations-in-part, extensions, renewals and reexaminations of any of the items described in clause (a), (c) all patent licenses, and other agreements
providing any Grantor with the right to use any items of the type referred to in clauses (a) and (b) above, and (d) all Proceeds of, and rights associated with, the foregoing (including licenses, royalties income, payments,
claims, damages and Proceeds of infringement suits), the right to sue third parties for past, present or future infringements of any patent or patent application, and for breach or enforcement of any patent license. 

“Pledged Interests” means all Equity Interests or other ownership interests of any Pledged Interests Issuer, including those
described in Item A of Schedule I hereto; all registrations, certificates, articles, by-laws, regulations, limited liability company agreements or constitutive agreements governing or
representing any such interests; all options and other rights, contractual or otherwise, at any time existing with respect to such interests, as such interests are amended, modified, or supplemented from time to time, and together with any interests
in any Pledged Interests Issuer taken in extension or renewal thereof or substitution therefor. 

  
 Pledge and Security
Agreement 
 5 

 “Pledged Interests Issuer” means each Person identified in Item A of Schedule I
hereto as the issuer of the Pledged Shares or the Pledged Interests identified opposite the name of such Person, and any other Domestic Subsidiary who issues Equity Interests or other ownership interests to any Grantor. 

“Pledged Note Issuer” means each Person identified in Item B of Schedule I hereto as the issuer of the Pledged
Notes identified opposite the name of such Person. 
 “Pledged Notes” means all promissory notes of any Pledged Note Issuer
evidencing Indebtedness incurred pursuant to Section 6.02(e) of the Credit Agreement delivered by any Grantor to the Collateral Agent (or, prior to the Discharge of First Lien Obligations, the First Lien Administrative Agent, acting as
gratuitous bailee on behalf of the Collateral Agent pursuant to the Intercreditor Agreement) as Pledged Property hereunder, as such promissory notes are amended, modified or supplemented from time to time and together with any promissory note of any
Pledged Note Issuer taken in extension or renewal thereof or substitution therefor. 
 “Pledged Property” means all Pledged
Notes, Pledged Interests, Pledged Shares, all assignments of any amounts due or to become due with respect to the Pledged Interests or the Pledged Shares, all other instruments which are now being delivered by any Grantor to the Collateral Agent
(or, prior to the Discharge of First Lien Obligations, the First Lien Administrative Agent, acting as gratuitous bailee on behalf of the Collateral Agent pursuant to the Intercreditor Agreement) or may from time to time hereafter be delivered by any
Grantor to the Collateral Agent (or, prior to the Discharge of First Lien Obligations, the First Lien Administrative Agent, acting as gratuitous bailee on behalf of the Collateral Agent pursuant to the Intercreditor Agreement) for the purpose of
pledging under this Security Agreement or any other Loan Document, and all Proceeds of any of the foregoing. 
 “Pledged
Shares” means all Equity Interests of any Pledged Interests Issuer, including without limitation those identified under Item A of Schedule I, which are evidenced by a certificate delivered by any Grantor to the Collateral
Agent (or, prior to the Discharge of First Lien Obligations, the First Lien Administrative Agent, acting as gratuitous bailee on behalf of the Collateral Agent pursuant to the Intercreditor Agreement) as Pledged Property hereunder. 

“Receivables” has the meaning set forth in Section 2.1(a)(iii). 

“Related Contracts” has the meaning set forth in Section 2.1(a)(iii). 

“Security Agreement” has the meaning set forth in the preamble. 

“Termination Date” means, subject to Section 2.3, such time at which each of the following events
shall have occurred at or prior to such time: (a) the termination of the Commitments, and (b) the payment in full in cash of all Obligations (other than indemnity obligations that survive the termination of any Loan Document for which no
notice of a claim has been received by any Grantor). 

  
 Pledge and Security
Agreement 
 6 

 “Trademark Collateral” means (a) (i) all trademarks, trade names, corporate
names, company names, business names, fictitious business names, trade styles, service marks, certification marks, collective marks, logos and other source or business identifiers, and all goodwill of the business associated therewith, now existing
or hereafter adopted or acquired, including, without limitation, those trademarks referred to in Item B of Schedule III hereto, whether currently in use or not, all registrations and recordings thereof and all applications in
connection therewith, whether pending or in preparation for filing, including registrations, recordings and applications in the United States Patent and Trademark Office (“USPTO”) or in any office or agency of the United States of
America, or any state thereof or any other country or political subdivision thereof or otherwise, and all common-law rights relating to the foregoing, and (ii) the right to obtain all reissues, extensions
or renewals of the foregoing (collectively referred to as the “Trademarks” and each, a “Trademark”), (b) all Trademark licenses for the grant by or to any Grantor of any right to use any Trademark, (c) all of
the goodwill of the business connected with the use of, and symbolized by the items described in, clause (a), and to the extent applicable clause (b), the right to sue third parties for past, present and future infringements of any Trademark
Collateral described in clause (a) and, to the extent applicable, clause (b), and (e) all Proceeds of, and rights associated with, the foregoing, including any claim by any Grantor against third parties for past, present or
future infringement or dilution of any Trademark, Trademark registration or Trademark license, or for any injury to the goodwill associated with the use of any such Trademark or for breach or enforcement of any Trademark license and all rights
corresponding thereto throughout the world. 
 “Trade Secrets Collateral” means all common law and statutory trade secrets
and all other confidential, proprietary or useful information and all know-how obtained by or used in or contemplated at any time for use in the business of any Grantor, and any patent applications in
preparation for filing (all of the foregoing being collectively called a “Trade Secret”), including all Documents and things embodying, incorporating or referring in any way to such Trade Secret, all Trade Secret licenses, and
including the right to sue for and to enjoin and to collect damages for the actual or threatened misappropriation of any Trade Secret and for the breach or enforcement of any such Trade Secret license. 

“UCC” means the Uniform Commercial Code, as in effect in the State of New York, as the same may be amended from time to time;
provided, however, in the event that, by reason of mandatory provisions of law, any or all of the attachment, perfection or priority of the security interest in any Collateral is governed by the Uniform Commercial Code as in effect in a jurisdiction
other than the State of New York, the term “UCC” shall mean the Uniform Commercial Code as in effect in such other jurisdiction for purposes of the provisions hereof relating to such attachment, perfection or priority and for purposes of
definitions related to such provisions. 

  
 Pledge and Security
Agreement 
 7 

 SECTION 1.2.    Credit Agreement Definitions. Unless otherwise defined
herein or the context otherwise requires, capitalized terms used in this Security Agreement, including its preamble and recitals, have the meanings provided in the Credit Agreement. 

SECTION 1.3.    UCC Definitions. Unless otherwise defined herein or in the Credit Agreement or the context
otherwise requires, terms for which meanings are provided in the UCC are used in this Security Agreement, including its preamble and recitals, with such meanings. 

SECTION 1.4.    Miscellaneous. Whenever the context may require, any pronoun shall include the corresponding
masculine, feminine and neuter forms. The words “include,” “includes” and “including” shall be deemed to be followed by the phrase “without limitation.” The word “will” shall be construed to have the
same meaning and effect as the word “shall.” Unless the context requires otherwise (a) any definition of or reference to any agreement, instrument or other document herein shall be construed as referring to such agreement, instrument
or other document as from time to time amended, supplemented or otherwise modified (subject to any restrictions on such amendments, supplements or modifications set forth herein), (b) any reference herein to any Person shall be construed to include
such Person’s successors and assigns, (c) the words “herein,” “hereof” and “hereunder,” and words of similar import, shall be construed to refer to this Security Agreement in its entirety and not to any
particular provision hereof, (d) all references herein to Articles, Sections, Exhibits and Schedules shall be construed to refer to Articles and Sections of, and Exhibits and Schedules to, this Security Agreement, (e) any reference to any
law or regulation herein shall, unless otherwise specified, refer to such law or regulation as amended, modified or supplemented from time to time, and (f) the words “asset” and “property” shall be construed to have the same
meaning and effect and to refer to any and all tangible and intangible assets and properties, including cash, securities, accounts and contract rights. 

ARTICLE II 
 SECURITY INTEREST 

SECTION 2.1.    Grant of Security Interest. 

Each Grantor hereby pledges, hypothecates, assigns, charges, mortgages, delivers, and transfers to the Collateral Agent, for the ratable
benefit of each Secured Party, and hereby grants to the Collateral Agent, for the ratable benefit of each Secured Party, a continuing security interest in all of such Grantor’s right, title and interest in, to and under, all of the following,
whether now owned or hereafter acquired by such Grantor, and wherever located and whether now owned or hereafter existing or arising (collectively, the “Collateral”): 

(i)    all equipment in all of its forms (including, but not limited to, all drilling platforms and rigs
and remotely operated vehicles, trenchers, and other equipment used by any Grantor, vehicles, motor vehicles, rolling stock, vessels, aircraft) of such Grantor, wherever located, and all surface or subsurface machinery, equipment, facilities,
supplies, or other tangible personal property, including tubing, rods, pumps, pumping units and engines, pipe, pipelines, meters, apparatus, boilers, compressors, liquid extractors, 

  
 Pledge and Security
Agreement 
 8 

 
connectors, valves, fittings, power plants, poles, lines, cables, wires, transformers, starters and controllers, machine shops, tools, machinery and parts, storage yards and equipment stored
therein, buildings and camps, telegraph, telephone, and other communication systems, loading docks, loading racks, and shipping facilities, and any manuals, instructions, blueprints, computer software (including software that is imbedded in and part
of the equipment), and similar items which relate to the above, any and all additions, substitutions and replacements of any of the foregoing, wherever located, together with all improvements thereon and all attachments, components, parts, equipment
and accessories installed thereon or affixed thereto, and any other item constituting “equipment” under the UCC (any and all of the foregoing being the “Equipment”); 

(ii)    all inventory in all of its forms of such Grantor, wherever located, including (A) all oil,
gas, or other Hydrocarbons and all products and substances derived therefrom, all raw materials and work in process therefore, finished goods thereof, and materials used or consumed in the manufacture or production thereof, (B) all documents of
title covering any inventory, including, without limitation, work in process, materials used or consumed in any Grantor’s business, now owned or hereafter acquired or manufactured by any Grantor and held for sale in the ordinary course of its
business (C) all goods in which such Grantor has an interest in mass or a joint or other interest or right of any kind (including goods in which such Grantor has an interest or right as consignee), (D) all goods which are returned to or
repossessed by such Grantor, and all accessions thereto, products thereof and documents therefore, and (E) any other item constituting “inventory” under the UCC (any and all of the foregoing being the “Inventory”);

 (iii)    all accounts, money, payment intangibles, deposit accounts (including the Collateral
Accounts and all amounts on deposit therein and all cash equivalent investments carried therein and all Proceeds thereof), contracts, contract rights, all rights constituting a right to the payment of money, Chattel Paper, documents, documents of
title, instruments, letters of credit, letter of credit rights and General Intangibles of such Grantor, whether or not earned by performance or arising out of or in connection with the sale or lease of goods or the rendering of services, including
all moneys due or to become due in repayment of any loans or advances, and all rights of such Grantor now or hereafter existing in and to all security agreements, guaranties, leases, agreements and other contracts securing or otherwise relating to
any such accounts, money, payment intangibles, deposit accounts, contracts, contract rights, rights to the payment of money, Chattel Paper, documents, documents of title, instruments, letters of credit, letter of credit rights and General
Intangibles (any and all such accounts, money, payment intangibles, deposit accounts, contracts, contract rights, rights to the payment of money, Chattel Paper, documents, documents of title, instruments, letters of credit, letter of credit rights
and General Intangibles being the “Receivables”, and any and all such security agreements, guaranties, leases, agreements and other contracts being the “Related Contracts”); 

(iv)    all Intellectual Property Collateral of such Grantor; 

  
 Pledge and Security
Agreement 
 9 

 (v)    all books, correspondence, credit files, records,
invoices, tapes, cards, computer runs, writings, data bases, information in all forms, paper and documents and other Property relating to, used or useful in connection with, evidencing, embodying, incorporating or referring to, any of the foregoing
in this Section 2.1(a); 
 (vi)    all governmental approvals, Permits,
licenses, authorizations, consents, rulings, tariffs, rates, certifications, waivers, exemptions, filings, claims, orders, judgments and decrees and other Legal Requirements (each a “Governmental Approval”); 

(vii)    all interest rate swap agreements, interest rate cap agreements and interest rate collar
agreements, and all other agreements or arrangements designed to protect such Grantor against fluctuations in interest rates or currency exchange rates and all commodity hedge, commodity swap, exchange, forward, future, floor, collar or cap
agreements, fixed price agreements and all other agreements or arrangements designed to protect such Grantor against fluctuations in commodity prices (including, without limitation, all Hedge Contracts); 

(viii)    to the extent not included in the foregoing, all bank accounts, investment property, fixtures,
supporting obligations and goods; 
 (ix)    all Pledged Interests, Pledged Notes, Pledged Shares and
any other Pledged Property whether now or hereafter delivered to the Collateral Agent (or, prior to the Discharge of First Lien Obligations, the First Lien Administrative Agent, acting as gratuitous bailee on behalf of the Collateral Agent pursuant
to the Intercreditor Agreement) in connection with this Security Agreement and all Distributions, interest, and other payments and rights with respect to such Pledged Property; 

(x)    (i) all policies of insurance now or hereafter held by or on behalf of such Grantor, including
casualty, liability, key man life insurance, business interruption, foreign credit insurance, and any title insurance, (ii) all Proceeds of insurance, and (iii) all rights, now or hereafter held by such Grantor to any warranties of any
manufacturer or contractor of any other Person; 
 (xi)    all accessions, substitutions, replacements,
products, offspring, rents, issues, profits, returns, income and Proceeds of and from any and all of the foregoing Collateral (including Proceeds which constitute Property of the types described in clauses (i), (ii),
(iii), (iv), (v), (vi), (vii), (viii), (ix) and (x) of this Section 2.1(a) and Proceeds deposited from time to time in any lock boxes of such Grantor, and, to the
extent not otherwise included, all payments and Proceeds under insurance (whether or not the Collateral Agent is the loss payee thereof), or any condemnation award, indemnity, warranty or guaranty, payable by reason of loss or damage to or otherwise
with respect to any of the Collateral); 
 (xii)    any and all Liens and security interests (together
with the documents evidencing such security interests) granted to such Grantor by an obligor to secure such obligor’s obligations owing under any Instrument, Chattel Paper, or contract that is pledged hereunder or with respect to which a
security interest in such Grantor’s rights in such Instrument, Chattel Paper, or contract is granted hereunder; 

  
 Pledge and Security
Agreement 
 10 

 (xiii)    any and all guaranties given by any Person for the
benefit of such Grantor which guarantees the obligations of an obligor under any Instrument, Chattel Paper, or contract, which are pledged hereunder; and 

(xiv)    all of such Grantor’s other property and rights of every kind and description and interests
therein, including without limitation, all other “Accounts”, “Certificated Securities”, “Chattel Paper”, “Commercial Tort Claims”, “Commodity Accounts”,
“Commodity Contracts”, “Deposit Accounts”, “Documents”, “Equipment”, “Fixtures”, “General Intangibles”, “Goods”,
“Instruments”, “Inventory”, “Investment Property”, “Letter of Credit Rights”, “Letters of Credit”, “Money”, “Payment Intangibles”,
“Proceeds”, “Securities”, “Securities Account”, “Security Entitlements”, “Supporting Obligations” and “Uncertificated Securities” as such terms are
defined in the UCC. 
 (b)    Notwithstanding anything to the contrary contained in this Security Agreement or any other
Loan Document, and other than to the extent set forth in this Section 2.1(b), the following Property shall be excluded from the Lien and security interest granted hereunder (and shall, as applicable, not be included as “Accounts”,
“Certificated Securities”, “Chattel Paper”, “Collateral”, “Commodity Accounts”, “Commodity Contracts”, “Deposit Accounts”, “Documents”, “Equipment”,
“Fixtures”, “General Intangibles”, “Goods”, “Instruments”, “Inventory”, “Investment Property”, “Money”, “Payment Intangibles”, “Proceeds”,
“Securities”, “Securities Accounts”, “Security Entitlements”, “Supporting Obligations” or “Uncertificated Securities” for purposes of this Security Agreement) (collectively, the “Excluded
Collateral”): 
 (i)    Excluded Contracts; 

(ii)    Excluded PMSI Collateral; 

(iii)    Excluded Tax Collateral; 

(iv)    Excluded Trademark Collateral; 

(v)    Deposit Accounts held with Bank of America, N.A. that are permitted under Section 6.01(o) of
the Credit Agreement and hold cash and cash equivalents in an amount not to exceed $126,000 (or such greater amount permitted under the First Lien Loan Documents) at any time outstanding; provided that, to the extent that (i) the Lien in favor
of Bank of America, N.A. in such Deposit Accounts is ineffective or subsequently rendered ineffective under any Legal Requirement or is otherwise no longer in effect or enforceable, or (ii) the applicable Grantor has obtained the consent of
Bank of America, N.A. to the creation of a Lien on and security interest in, such Deposit Accounts, then such Deposit Accounts shall cease to be “Excluded Collateral” and shall automatically be subject to the Lien and security interests
granted hereby and to the terms and provisions of this Security Agreement as “Collateral;” 

  
 Pledge and Security
Agreement 
 11 

 (vi)    any Deposit Accounts or Securities Accounts holding
cash or cash equivalents as collateral for the benefit of a Person that is not an Affiliate of a Grantor to the extent constituting a Permitted Lien under Section 6.01(f) of the Credit Agreement but only to the extent that (A) such Deposit
Account or Securities Account, as applicable, is established solely for the purposes permitted under Section 6.01(f) of the Credit Agreement, (B) such Deposit Account or Securities Account only holds cash or cash equivalents for the
benefit and use of such other Person and solely for the purposes permitted under Section 6.01(f) of the Credit Agreement, and (C) a written contract related to such Permitted Lien requires such Deposit Account or Securities Account to not
be subject to other Liens; provided that, to the extent that (i) such Deposit Account or Securities Account ceases to satisfy any of the conditions in the foregoing clauses (A)—(C), (ii) the Lien in favor of such other Person
in such Deposit Account or Securities Account is ineffective or subsequently rendered ineffective under any Legal Requirement or is otherwise no longer in effect or enforceable, or (iii) the applicable Grantor has obtained the consent of such
other Person to the creation of a Lien on and security interest in, such Deposit Account or Securities Account, then such Deposit Account and Securities Account shall cease to be “Excluded Collateral” and shall automatically be subject to
the Lien and security interests granted hereby and to the terms and provisions of this Security Agreement as “Collateral;” 
 provided,
however, that (x) the exclusion from the Lien and security interest granted by any Grantor hereunder of any Excluded Collateral shall not limit, restrict or impair the grant by such Grantor of the Lien and security interest in any
accounts or receivables arising under any such Excluded Collateral or any payments due or to become due thereunder unless the conditions in effect which qualify such Property as Excluded Collateral applies with respect to such accounts and
receivables and (y) any Proceeds received by any Grantor from the sale, transfer or other disposition of Excluded Collateral shall constitute Collateral unless the conditions in effect which qualify such Property as Excluded Collateral applies
with respect to such Proceeds. Furthermore, notwithstanding anything to the contrary contained in this Security Agreement or in any other Loan Document, under no circumstances shall any Grantor be required to take any perfection step with respect to
Excluded Perfection Collateral. 
 SECTION 2.2.    Security for Obligations. 

(a)    This Security Agreement, and the Collateral in which the Collateral Agent for the benefit of the Secured Parties is
granted a security interest hereunder by each Grantor, secures the prompt payment in full in cash and performance of all Obligations of each Grantor now or hereafter existing. 

  
 Pledge and Security
Agreement 
 12 

 (b)    Notwithstanding anything contained herein to the contrary, it is the
intention of each Grantor, the Collateral Agent and the other Secured Parties that the amount of the Obligations secured by each Grantor’s interests in any of its Property shall be in, but not in excess of, the maximum amount permitted by
fraudulent conveyance, fraudulent transfer and other similar law, rule or regulation of any Governmental Authority applicable to such Grantor. Accordingly, notwithstanding anything to the contrary contained in this Security Agreement or in any other
agreement or instrument executed in connection with the payment of any of the Obligations, the amount of the Obligations secured by each Grantor’s interests in any of its Property pursuant to this Security Agreement shall be limited to an
aggregate amount equal to the largest amount that would not render such Grantor’s obligations hereunder or the Liens and security interest granted to the Collateral Agent hereunder subject to avoidance under Section 548 of the Bankruptcy
Code or any comparable provision of any other applicable Legal Requirement. 
 SECTION 2.3.    Continuing Security
Interest; Transfer of Advances; Reinstatement. This Security Agreement shall create continuing security interests in the Collateral and shall (a) except as otherwise provided in the Credit Agreement, remain in full force and effect until
the Termination Date, be binding upon each Grantor and its successors, transferees and assigns, and (c) inure, together with the rights and remedies of the Collateral Agent hereunder, to the benefit of the Collateral Agent and each other
Secured Party and its respective permitted successors, transferees and assigns, subject to the limitations as set forth in the Credit Agreement. Without limiting the generality of the foregoing clause (c), any Lender may assign or otherwise
transfer (in whole or in part) any Note, Advance or Commitment held by it as provided in Section 9.07 of the Credit Agreement, and any successor or assignee thereof shall thereupon become vested with all the rights and benefits in respect
thereof granted to such Secured Party under any Loan Document (including this Security Agreement), or otherwise, subject, however, to any contrary provisions in such assignment or transfer, and as applicable to the provisions of Section 9.07
and Article VIII of the Credit Agreement. If at any time all or any part of any payment theretofore applied by the Collateral Agent or any other Secured Party to any of the Obligations is or must be rescinded or returned by the Collateral Agent
or any such Secured Party for any reason whatsoever (including, without limitation, the insolvency, bankruptcy, reorganization or other similar proceeding of any Grantor or any other Person), such Obligations shall, for purposes of this Security
Agreement, to the extent that such payment is or must be rescinded or returned, be deemed to have continued to be in existence, notwithstanding any application by the Collateral Agent or such Secured Party or any termination agreement or release
provided to any Grantor, and this Security Agreement shall continue to be effective or reinstated, as the case may be, as to such Obligations, all as though such application by the Collateral Agent or such Secured Party had not been made. 

SECTION 2.4.    Grantors Remain Liable. Anything herein to the contrary notwithstanding, (a) each Grantor
shall remain liable under the contracts and agreements included in the Collateral to the extent set forth therein, and will perform all of its duties and obligations under such contracts and agreements to the same extent as if this Security
Agreement had not been executed, (b) the exercise by the Collateral Agent of any of its rights hereunder shall not release any Grantor from any of its duties or obligations under any such contracts or agreements included in the Collateral, and
(c) neither the Collateral Agent nor any other Secured Party shall have any obligation or liability under any contracts or agreements included in the Collateral by reason of this Security Agreement, nor shall the Collateral Agent nor any other
Secured Party be obligated to perform any of the obligations or duties of any Grantor thereunder or to take any action to collect or enforce any claim for payment assigned hereunder. 

  
 Pledge and Security
Agreement 
 13 

 SECTION 2.5.    Delivery of Pledged Property. 

(a)    All certificates or instruments representing or evidencing (i) all Pledged Shares, Pledged Interests and
Pledged Notes, (ii) other Collateral consisting of Instruments and Tangible Chattel Paper evidencing amounts payable in excess of $250,000 individually or $1,000,000 in the aggregate and (iii) any other Collateral which may be perfected by
“possession” as such term is defined in the UCC with a value in excess of $250,000 individually or $1,000,000 in the aggregate, in each case, within thirty (30) days after such Grantor obtains an interest in such Collateral (or such
later date as the First Lien Administrative Agent (or, after the Discharge of the First Lien Debt, the Collateral Agent) may agree to in its sole discretion) shall be delivered to and held by or on behalf of (or in the case of the Pledged Notes,
endorsed to the order of) the Collateral Agent (or, prior to the Discharge of First Lien Obligations, the First Lien Administrative Agent, acting as gratuitous bailee on behalf of the Collateral Agent pursuant to the Intercreditor Agreement)
pursuant hereto, shall be in suitable form for transfer by delivery, and shall be accompanied by all necessary endorsements or instruments of transfer or assignment, duly executed in blank. 

(b)    To the extent any of the Collateral constitutes an “uncertificated security” (as defined in Section 8-102(a)(18) of the UCC) or a “security entitlement” (as defined in Section 8-102(a)(17) of the UCC), the applicable Grantor shall take and cause
the appropriate Person (including any issuer, entitlement holder or securities intermediary thereof) to take all actions necessary to grant “control” (as defined in 8-106 of the UCC) to the
Collateral Agent, subject to the Intercreditor Agreement (for the ratable benefit of the Secured Parties), over such Collateral. 
 SECTION
2.6.    Distributions on Pledged Shares. In the event that any Distribution with respect to any Pledged Shares or Pledged Interests pledged hereunder is permitted to be paid (in accordance with Section 6.05 of the
Credit Agreement), then subject to the terms of the Intercreditor Agreement, such Distribution or payment may be paid directly to the applicable Grantor. If any Distribution is made in contravention of Section 6.05 of the Credit Agreement, the
applicable Grantor shall hold the same segregated and in trust for the Collateral Agent until paid to the Collateral Agent in accordance with Section 4.1(e) during such time as any Event of Default has occurred and is
continuing. 
 SECTION 2.7.    Security Interest Absolute, etc.. This Security Agreement shall in all respects be
a continuing, absolute, unconditional and irrevocable grant of security interest, and shall remain in full force and effect until the Termination Date. All rights of the Secured Parties and the security interests granted to the Collateral Agent (for
its benefit and the ratable benefit of each other Secured Party) hereunder, and all obligations of each Grantor hereunder, shall, in each case, be absolute, unconditional and irrevocable irrespective of (a) any lack of validity, legality or
enforceability of any Loan Document, (b) the failure of any Secured Party (i) to assert any claim or demand or to enforce any right or remedy against any Grantor or any other Person under 

  
 Pledge and Security
Agreement 
 14 

 
the provisions of any Loan Document or otherwise, or (ii) to exercise any right or remedy against any other Grantor of, or Collateral securing, any Obligations, (c) any change in the
time, manner or place of payment of, or in any other term of, all or any part of the Obligations, or any other extension, compromise or renewal of any Obligations, (d) any reduction, limitation, impairment or termination of any Obligations
(except in the case of the occurrence of the Termination Date) for any reason, including any claim of waiver, release, surrender, alteration or compromise, and shall not be subject to (and each Grantor hereby waives any right to or claim of) any
defense or setoff, counterclaim, recoupment or termination whatsoever by reason of the invalidity, illegality, nongenuineness, irregularity, compromise, unenforceability of, or any other event or occurrence affecting, any Obligations or otherwise
(other than defense of payment), (e) any amendment to, rescission, waiver, or other modification of, or any consent to or departure from, any of the terms of any Loan Document, (f) any addition, exchange or release of any Collateral of the
Obligations, or any surrender or non-perfection of any Collateral, or any amendment to or waiver or release or addition to, or consent to or departure from, any other guaranty held by any Secured Party
guaranteeing any of the Obligations, or (g) any other circumstance which might otherwise constitute a defense available to, or a legal or equitable discharge of, any Grantor, any surety or any guarantor (other than defense of payment). 

SECTION 2.8.    Waiver of Subrogation. Until 91 days after the Termination Date, each Grantor hereby irrevocably
waives to the extent not prohibited by applicable Legal Requirement any claim or other rights which it may now or hereafter acquire against any Loan Party that arise from the existence, payment, performance or enforcement of such Grantor’s
obligations under this Security Agreement or any other Loan Document, including any right of subrogation, reimbursement, exoneration or indemnification, any right to participate in any claim or remedy of any Secured Party against any Loan Party or
any Collateral which any Secured Party now has or hereafter acquires, whether or not such claim, remedy or right arises in equity, or under contract, statute or common law, including the right to take or receive from any Loan Party, directly or
indirectly, in cash or other Property or by set-off or in any manner, payment or security on account of such claim or other rights. If any amount shall be paid to any Grantor in violation of the preceding
sentence and the Termination Date shall not have occurred, then such amount shall, subject to the Intercreditor Agreement, be deemed to have been paid to such Grantor for the benefit of, and held in trust for, the Collateral Agent (on behalf of the
Secured Parties), and shall forthwith be paid to the Collateral Agent to be credited and applied upon the Obligations, whether matured or unmatured. Each Grantor acknowledges that it will receive direct and indirect benefits from the financing
arrangements contemplated by the Credit Agreement and that the waiver set forth in this Section 2.8 is knowingly made in contemplation of such benefits. 

SECTION 2.9.    Election of Remedies. Except as otherwise provided in the Credit Agreement, if any Secured Party
may, under applicable Legal Requirements, proceed to realize its benefits under any of this Security Agreement or the other Loan Documents giving any Secured Party a Lien upon any Collateral, either by judicial foreclosure or by non-judicial sale or enforcement, such Secured Party may, at its sole option, determine which of its remedies or rights it may pursue without affecting any of its rights and remedies under this Security Agreement.
If, in the exercise of any of its rights and remedies, any Secured Party shall forfeit 

  
 Pledge and Security
Agreement 
 15 

 
any of its rights or remedies, including its right to enter a deficiency judgment against any Loan Party or any other Person, whether because of any Legal Requirements pertaining to
“election of remedies” or the like, each Grantor hereby consents to such action, to the extent not prohibited by any Legal Requirement, by such Secured Party and waives any claim based upon such action, even if such action by such Secured
Party shall result in a full or partial loss of any rights of subrogation that such Grantor might otherwise have had but for such action by such Secured Party. 

SECTION 2.10.    Lien Subordination. Notwithstanding anything herein to the contrary, it is the understanding of
the parties that the Liens granted pursuant to Section 2.1 herein shall, prior to the Discharge of First Lien Obligations, be subject and subordinate to the Liens granted to the First Lien Administrative Agent for the benefit of the holders of
the First Lien Obligations (as defined in the Intercreditor Agreement) to secure the First Lien Obligations. All other rights and remedies of the Collateral Agent and the other Secured Parties are further subject to the provisions of the
Intercreditor Agreement. 
 ARTICLE III 

REPRESENTATIONS AND WARRANTIES 

In order to induce the Secured Parties to enter into the Credit Agreement and make Advances thereunder, each Grantor represents and warrants
unto each Secured Party as set forth in this Article III. 
 SECTION 3.1.    Validity, etc.. This Security
Agreement and the other Loan Documents to which such Grantor is a party constitute the legal, valid and binding obligations of such Grantor, enforceable against such Grantor in accordance with their respective terms, (except, in any case, as such
enforceability may be limited by applicable Debtor Relief Laws or similar laws at the time in effect affecting the rights of creditors generally and by general principles of equity) whether applied by a court of law or equity. 

SECTION 3.2.    Ownership, No Liens, etc.. Such Grantor is the legal and beneficial owner of, and has good title to
(and has full right and authority to pledge, grant and assign) the Collateral, free and clear of all Liens, except for any Permitted Liens and, subject to the Intercreditor Agreement, the Liens made pursuant to the First Lien Loan Documents. No
effective UCC financing statement or other filing similar in effect covering all or any part of the Collateral is on file in any recording office, except those filed in favor of the Collateral Agent relating to this Security Agreement, the Liens
made pursuant to the First Lien Loan Documents (subject to the Intercreditor Agreement), Permitted Liens or as to which a duly authorized termination statement relating to such UCC financing statement or other instrument has been delivered to the
Collateral Agent on the Closing Date. This Security Agreement creates a valid security interest in the Collateral, securing the payment of the Obligations, and will constitute valid and perfected security interests (subject to Permitted Liens, any
prior Lien under the First Lien Loan Documents and the provisions of the Intercreditor Agreement) in respect of Collateral in which a security interest may be perfected by filing a financing statement under the UCC in the applicable filing offices
located in each Grantor’s location, as listed on Item A-1 of Schedule 

  
 Pledge and Security
Agreement 
 16 

 
II attached hereto, upon the filing of such financing statements. All filings and other actions necessary, to the extent required hereby or by the other Loan Documents, to perfect and protect
such security interest, in those portions of Collateral (other than Excluded Perfection Collateral) that can be perfected by, amongst other things, the filing of a financing statement or entering into of a Control Agreement, when taken shall result
in a security interest that is subject in priority only to Permitted Prior Liens and any prior Lien under the First Lien Loan Documents and shall further be subject to the provisions of the Intercreditor Agreement. 

SECTION 3.3.    As to Equity Interests of the Subsidiaries, Investment Property. 

(a)    With respect to the Pledged Shares, all such Pledged Shares are duly authorized and validly issued and are fully
paid and non-assessable. 
 (b)    With respect to the Pledged Interests, no
such Pledged Interests (i) are dealt in or traded on securities exchanges or in securities markets, (ii) expressly provide that such Pledged Interests are securities governed by Article 8 of the UCC, or (iii) are held in a Securities
Account, except, with respect to this clause (b), Pledged Interests (A) for which the Collateral Agent is the registered owner or (B) with respect to which the Pledged Interests Issuer has agreed in an authenticated record with such
Grantor and the Collateral Agent to comply with any instructions of the Collateral Agent without the consent of such Grantor. 

(c)    Subject to Section 2.5(a), such Grantor has delivered all Certificated Securities
constituting Collateral held by such Grantor to the Collateral Agent (or, prior to the Discharge of First Lien Obligations, the First Lien Administrative Agent, acting as gratuitous bailee on behalf of the Collateral Agent pursuant to the
Intercreditor Agreement), together with undated stock powers duly executed in blank, or other equivalent instruments of transfer reasonably acceptable to the Collateral Agent. 

(d)    With respect to Uncertificated Securities constituting Collateral owned by such Grantor, such Grantor has caused
the Pledged Interests Issuer or other issuer thereof either (i) to register the Collateral Agent as the registered owner of such security, or (ii) to agree in an authenticated record with such Grantor and the Collateral Agent that such
Pledged Interests Issuer or other issuer will, subject to the Discharge of First Lien Obligations, comply with instructions with respect to such security originated by the Collateral Agent without further consent of such Grantor. 

(e)    The percentage of the issued and outstanding Pledged Shares and Pledged Interests of each Pledged Interests Issuer
pledged by such Grantor hereunder is as set forth on Schedule I and the percentage of the total membership, partnership and/or other Equity Interests in the Pledged Interests Issuer is indicated on Schedule I. All of the Pledged Shares
and Pledged Interests constitute one hundred percent (100%) of such Grantor’s equity interest in the applicable Pledged Interests Issuer, except in the case of outstanding Equity Interests that are issued by any CFC or Foreign Holdco, in each
case, directly owned by such Grantor, with respect to which such Grantor has pledged 100% of the non-voting Equity Interests issued by such entity and 65% of the outstanding Voting Securities issued by such
entity as indicated on Schedule I. 

  
 Pledge and Security
Agreement 
 17 

 (f)    Such Grantor has no outstanding rights, rights to subscribe, options,
warrants or convertible securities outstanding or any other rights outstanding whereby any Person would be entitled to acquire shares, member interests or units of any Pledged Interests Issuer, other than the rights granted to the First Lien
Administrative Agent pursuant to the Security Agreement (as defined in the First Lien Credit Agreement). 
 (g)    In
the case of each Pledged Note, as of the Closing Date, all of such Pledged Notes have been duly authorized, executed, endorsed, issued and delivered, and are the legal, valid and binding obligation of the issuers thereof, and are not in default.

 SECTION 3.4.    Grantor’s Name, Location, etc.. 

(a)    Other than as otherwise permitted pursuant to any Loan Document, (i) the jurisdiction in which such Grantor is
located for purposes of Sections 9-301 and 9-307 of the UCC is set forth in Item A-1 of Schedule II hereto (as such
schedule may be amended or supplemented from time to time due to a change in circumstances after the date hereof), (ii) the place of business of such Grantor or, if such Grantor has more than one place of business, the chief executive office of such
Grantor and the office where such Grantor keeps its records concerning the Receivables, and all originals of all Chattel Paper which evidence Receivables, is set forth in Item A-2 of Schedule II
hereto (as such schedule may be amended or supplemented from time to time due to a change in circumstances after the date hereof), and (iii) such Grantor’s federal taxpayer identification number is set forth in Item A-3 of Schedule II hereto. 
 (b)    Within the five years prior to the
Closing Date, such Grantor has not been known by any legal name different from the one set forth on the signature page hereto, nor has such Grantor been the subject of any merger or other corporate reorganization, except as set forth in Item B of
Schedule II hereto. 
 (c)    As of the Closing Date, such Grantor is not a party to any federal, state or local
government contract other than relating to royalties paid to governmental agencies, surety bonds and governmental permits. 

(d)    Such Grantor does not maintain any Deposit Accounts, Securities Accounts or Commodity Accounts with any Person, in
each case, except as set forth on Item C of Schedule II. 
 (e)    None of the Receivables in excess of
$250,000 individually or $1,000,000 in the aggregate is evidenced by a promissory note or other instrument other than a promissory note or instrument that has been delivered to the Collateral Agent (or, prior to the Discharge of First Lien
Obligations, the First Lien Administrative Agent, acting as gratuitous bailee on behalf of the Collateral Agent pursuant to the Intercreditor Agreement) (with appropriate endorsements). 

(f)    Such Grantor is not the beneficiary of any Letters of Credit, except as set forth on Item D of Schedule
II hereto (as such schedule may be amended or supplemented from time to time). Such Grantor has obtained a legal, valid and enforceable consent of each issuer to the assignment to the Collateral Agent of the Proceeds of any Letters of Credit
which have stated amounts in excess of $250,000 in the aggregate. 

  
 Pledge and Security
Agreement 
 18 

 (g)    Such Grantor does not have Commercial Tort Claims (i) in which a
suit has been filed by such Grantor, and (ii) where the amount of damages reasonably expected to be claimed exceeds $250,000 in the aggregate, except as set forth on Item E of Schedule II. 

(h)    As of the Closing Date or such later date on which such Grantor joins this Security Agreement, the name set forth
on the signature page attached hereto (or, if applicable, the signature page to the supplement document pursuant to which such Grantor joins this Security Agreement) is the true and correct legal name (as contemplated by the UCC) of such Grantor.

 (i)    Such Grantor has not consented to, and is otherwise unaware of, any Person (other than the Collateral Agent
pursuant hereto or the First Lien Administrative Agent in accordance with the terms of the Intercreditor Agreement) having control (within the meaning of Section 9-104 or
Section 8-106 of the UCC) over any Collateral, or any other interest in any of such Grantor’s rights in respect thereof. 

SECTION 3.5.    Possession of Inventory, Control; etc.. Such Grantor (a) has exclusive possession and control,
subject to Permitted Liens, of the Equipment and Inventory except as permitted under the Credit Agreement, and (b) is the sole entitlement holder of its Accounts and no other Person (other than (y) the Collateral Agent pursuant to
(i) this Security Agreement with respect to any Accounts maintained with the Collateral Agent or (ii) a Control Agreement with respect to any Accounts maintained with a bank other than the Collateral Agent or (z) the First Lien
Administrative Agent in accordance with the Intercreditor Agreement) has “control” or “possession” of, or any other interest in, any of its Accounts or any other securities or Property credited thereto except as permitted
pursuant to this Security Agreement. 
 SECTION 3.6.    Negotiable Documents, Instruments and Chattel Paper. Such
Grantor has, contemporaneously herewith, delivered to the Collateral Agent (or, prior to the Discharge of First Lien Obligations, the First Lien Administrative Agent, acting as gratuitous bailee on behalf of the Collateral Agent pursuant to the
Intercreditor Agreement) possession of all originals of all Documents, Instruments, promissory notes, Pledged Notes and tangible Chattel Paper evidencing amounts payable in excess of $250,000 individually or $1,000,000 in the aggregate owned or held
by such Grantor (duly endorsed, in blank, if requested by the Collateral Agent). 
 SECTION 3.7.    Intellectual
Property Collateral. 
 (a)    Such Grantor represents that except for any Patent Collateral, Trademark Collateral,
and Copyright Collateral specified in Item A, Item B and Item C, respectively, of Schedule III hereto, and any and all Trade Secrets Collateral, such Grantor does not own and has no interests in any Intellectual Property
Collateral material to the operations or business of such Grantor as of the date hereof. 

  
 Pledge and Security
Agreement 
 19 

 (b)    Such Grantor further represents and warrants that, with respect to all
material Intellectual Property Collateral (i) such Intellectual Property Collateral is valid, subsisting, unexpired and enforceable and has not been abandoned or adjudged invalid or unenforceable, in whole or in part, except such Intellectual
Property Collateral that is not material to the operations or business of such Grantor or to the extent permitted by the Credit Agreement, (ii) such Grantor has not made a previous assignment, sale, transfer or agreement constituting a present
or future assignment, sale or transfer of such Intellectual Property Collateral for purposes of granting a security interest or as Collateral that has not been terminated or released, (iii) the consummation of the transactions contemplated by
the Credit Agreement and this Security Agreement will not result in the termination or impairment of such Intellectual Property Collateral, and (iv) such Grantor is the sole and exclusive owner of the entire and unencumbered right, title and
interest in and to such Intellectual Property Collateral, subject to Permitted Liens, and, to the knowledge of the Grantor, no claim has been made that the use of such Intellectual Property Collateral does or may, conflict with, infringe,
misappropriate, dilute, misuse or otherwise violate any of the rights of any third party in any material respects. 

(c)    Such Grantor further represents and warrants, except as could not reasonably be expected to, individually or in the
aggregate, result in a Material Adverse Change, that (i) such Grantor has made all necessary filings and recordations to protect its interest in such Intellectual Property Collateral, including recordations of any of its interests in the Patent
Collateral and Trademark Collateral in the USPTO and, if requested by the Collateral Agent, in corresponding offices throughout the world, and its claims to the Copyright Collateral in the U.S. Copyright Office, and, if requested by the Collateral
Agent, in corresponding offices throughout the world and, to the extent necessary, has used and has directed all licensees to use proper statutory notice in connection with its use of any patent, Trademark and copyright in any of the Intellectual
Property Collateral, (ii) such Grantor has taken all reasonable steps to safeguard its Trade Secrets and to its knowledge none of the Trade Secrets of such Grantor has been used, divulged, disclosed or appropriated for the benefit of any other
Person other than such Grantor, (iii) to such Grantor’s knowledge, no third party is infringing upon any Intellectual Property Collateral owned or used by such Grantor, or any of its respective licensees, (iv) no settlement or
consents, covenants not to sue, nonassertion assurances, or releases have been entered into by such Grantor or to which such Grantor is bound that adversely affects its rights to own or use any Intellectual Property Collateral, (v) such Grantor
uses adequate standards of quality in the manufacture, distribution, and sale of all products sold and in the provision of all services rendered under or in connection with any Trademarks and has taken all commercially reasonable action necessary to
insure that any licensees of any Trademarks owned by such Grantor use such adequate standards of quality, and (vi) such Grantor owns directly or is entitled to use by license or otherwise, any patents, Trademarks, tradenames, Trade Secrets,
copyrights, mask works, licenses, technology, know-how, processes and rights with respect to any of the foregoing used in, and necessary for the conduct of such Grantor’s business. 

SECTION 3.8.    Authorization, Approval, etc.. Except for the filing or recording of UCC financing statements and
consents, authorizations, filings or other actions which have been obtained or made and are in full force and effect, no Governmental Approval, authorization, approval or other action by, and no notice to or filing with, any Governmental Authority
or any 

  
 Pledge and Security
Agreement 
 20 

 
other third party is required either (a) for the grant by such Grantor of the security interest granted hereby or for the execution, delivery and performance of this Security Agreement by
such Grantor, (b) other than in respect of any Excluded Perfection Collateral, for the perfection or maintenance of the security interests hereunder including the first-priority (subject to Permitted Liens, any prior Lien under the First Lien
Loan Documents and the provisions of the Intercreditor Agreement) nature of such security interest (except with respect to the financing statements or, with respect to Intellectual Property Collateral, the recordation of any agreements with the
USPTO or the U.S. Copyright Office) or the exercise by the Collateral Agent of its rights and remedies hereunder, or (c) for the exercise by the Collateral Agent of the voting or other rights provided for in this Security Agreement, except
(i) with respect to any Pledged Shares or Pledged Interests, as may be required in connection with a disposition of such Pledged Shares or Pledged Interests by Legal Requirements affecting the offering and sale of securities generally, the
remedies in respect of the Collateral pursuant to this Security Agreement and (ii) any “change of control” or similar filings required by state licensing agencies. 

SECTION 3.9.    Best Interests. It is in the best interests of each Grantor to execute this Security Agreement in
as much as such Grantor will, as a result of being the Borrower or such other Subsidiary of Holdings, derive substantial direct and indirect benefits from the Advances and other extensions of credit made from time to time to the Borrower by the
Lenders, and each Grantor agrees that the Secured Parties are relying on this representation in agreeing to make such Advances pursuant to the Credit Agreement to the Borrower. Furthermore, such extensions of credit are (a) in furtherance of
each Grantor’s corporate or limited liability purposes, and (b) necessary or convenient to the conduct, promotion or attainment of each Grantor’s business. 

SECTION 3.10.    Reaffirmation of Credit Agreement Representations and Warranties. All of the representations
and warranties made by the Borrower or Holdings in the Credit Agreement or in any other Loan Document in respect of the Grantors are true and correct in all respects as if such representations and warranties were incorporated herein in their
entirety and made by such Grantor. 
 ARTICLE IV 

COVENANTS 
 Each Grantor covenants
and agrees that, until the Termination Date, it will perform, comply with and be bound by the obligations set forth below. 
 SECTION
4.1.    As to Investment Property, etc.. 
 (a)    Equity Interests of Subsidiaries.
No Grantor shall allow or permit any of its Domestic Subsidiaries (i) that is a corporation, business trust, joint stock company or similar Person, to issue Uncertificated Securities, unless such Person promptly takes the actions set forth in
Section 4.1(b) with respect to any such Uncertificated Securities, (ii) that is a partnership or limited liability company, to (A) issue Equity Interests that are to be dealt in or traded on securities exchanges
or in securities markets, (B) expressly provide in its organizational documents that its Equity Interests are securities governed by Article 8 of the UCC, or (C) place 

  
 Pledge and Security
Agreement 
 21 

 
such Subsidiary’s Equity Interests in a Securities Account, unless such Person promptly takes the actions set forth in Section 4.1(b) with respect to any such
Equity Interests, and (iii) to issue Equity Interests in addition to or in substitution for the Pledged Property or any other Equity Interests pledged hereunder, except for additional Equity Interests issued to such Grantor; provided that
(A) such Equity Interests are pledged and delivered to the Collateral Agent (or, prior to the Discharge of First Lien Obligations, the First Lien Administrative Agent, acting as gratuitous bailee on behalf of the Collateral Agent pursuant to
the Intercreditor Agreement) within thirty (30) days (or such later date as determined by the First Lien Administrative Agent (or, after the Discharge of the First Lien Debt, the Collateral Agent) in its sole discretion), and (B) within
such thirty (30) day period, such Grantor delivers a supplement to Schedule I to the Collateral Agent identifying such new Equity Interests as Pledged Property, in each case, pursuant to the terms of this Security Agreement. No Grantor
shall permit any of its Domestic Subsidiaries to issue any warrants, options, contracts or other commitments or other securities that are convertible to any of the foregoing or that entitle any Person to purchase any of the foregoing, and except for
this Security Agreement, any other Loan Document or any First Lien Loan Document (subject to and in accordance with the terms and conditions of the Intercreditor Agreement), shall not, and shall not permit any of its Domestic Subsidiaries to, enter
into any agreement creating any restriction or condition upon the transfer, voting or control of any Pledged Property. Notwithstanding anything in this Section 4.01 to the contrary, this Section 4.01 shall not apply in respect of Excluded
Tax Collateral. 
 (b)    Investment Property (other than Certificated Securities). 

(i)    Subject to the terms of the Intercreditor Agreement, with respect to any Deposit Accounts,
Securities Accounts, Commodity Accounts, Commodity Contracts or Security Entitlements constituting Investment Property owned or held by any Grantor (other than constituting Excluded Collateral or Excluded Perfection Collateral), such Grantor will,
unless otherwise permitted under the Credit Agreement, upon the Collateral Agent’s reasonable request either (A) cause the intermediary maintaining such Investment Property to execute a Control Agreement relating to such Investment
Property pursuant to which such intermediary agrees to comply with the Collateral Agent’s instructions with respect to such Investment Property without further consent by such Grantor, or (B) transfer such Investment Property to
intermediaries that have or will agree to execute such Control Agreements. 
 (ii)    With respect to
any Uncertificated Securities (other than Uncertificated Securities credited to a Securities Account) constituting Investment Property owned or held by any Grantor, such Grantor will (x) cause the Pledged Interests Issuer or other issuer of
such securities to either (A) register the Collateral Agent (or the First Lien Administrative Agent, in accordance with the Intercreditor Agreement) as the registered owner thereof on the books and records of the issuer, or (B) execute a
Control Agreement relating to such Investment Property pursuant to which the Pledged Interests Issuer or other issuer agrees to comply with the Collateral Agent’s instructions (or the First Lien Administrative Agent’s instructions, in
accordance with the Intercreditor Agreement) with respect to such Uncertificated Securities without further consent by such Grantor 

  
 Pledge and Security
Agreement 
 22 

 
and (y) take and cause the appropriate Person (including any issuer, entitlement holder or securities intermediary thereof) to take all other actions reasonably necessary to grant
“control” (as defined in 8-106 of the UCC) to the Collateral Agent (or the First Lien Administrative Agent’s instructions, in accordance with the Intercreditor Agreement) (for the ratable
benefit of the Secured Parties) over such Collateral. 
 (c)    Certificated Securities (Stock Powers). Each
Grantor agrees that all Pledged Shares that are Certificated Securities (and all other certificated shares of Equity Interests constituting Collateral) delivered by such Grantor pursuant to this Security Agreement will be accompanied by undated
stock powers duly executed in blank, or other equivalent instruments of transfer reasonably acceptable to the Collateral Agent. Subject to the terms of the Intercreditor Agreement, each Grantor will, from time to time upon the reasonable request of
the Collateral Agent, promptly deliver to the Collateral Agent (or, prior to the Discharge of First Lien Obligations, the First Lien Administrative Agent, acting as gratuitous bailee on behalf of the Collateral Agent pursuant to the Intercreditor
Agreement) such stock powers, instruments and similar documents, reasonably satisfactory in form and substance to the Collateral Agent, with respect to the Collateral as the Collateral Agent may reasonably request and will, from time to time upon
the request of the Collateral Agent during the occurrence and continuance of any Event of Default and subject to the Intercreditor Agreement, promptly transfer any Pledged Shares, Pledged Interests or other shares of Equity Interests constituting
Collateral into the name of any nominee designated by the Collateral Agent. 
 (d)    Continuous Pledge. Each
Grantor will (subject to the terms of the Credit Agreement and each other Loan Document) deliver to the Collateral Agent (or to the First Lien Administrative Agent in accordance with the terms of the Intercreditor Agreement) and at all times keep
pledged to the Collateral Agent pursuant hereto, on a first-priority (subject to Permitted Liens, any prior Lien under the First Lien Loan Documents and the provisions of the Intercreditor Agreement), perfected basis all Pledged Property, Investment
Property, all Distributions with respect thereto, all Payment Intangibles to the extent they are evidenced by a Document, Instrument, promissory note or Chattel Paper evidencing amounts payable in excess of $250,000 individually or $1,000,000 in the
aggregate, and all interest and principal with respect to such Payment Intangibles, and all Proceeds and rights from time to time received by or distributable to such Grantor in respect of any of the foregoing Collateral (other than, as to
perfection, Excluded Perfection Collateral) within the time periods set forth herein. Each Grantor agrees that it will, promptly (but in any event no later than thirty (30) days) following receipt thereof, deliver to the Collateral Agent (or,
prior to the Discharge of First Lien Obligations, the First Lien Administrative Agent, acting as gratuitous bailee on behalf of the Collateral Agent pursuant to the Intercreditor Agreement) possession of all originals of Pledged Interests, Pledged
Shares, Pledged Notes and any other Pledged Property, Payment Intangibles to the extent they are evidenced by negotiable Documents, Instruments, promissory notes and Chattel Paper evidencing amounts payable in excess of $250,000 individually or
$1,000,000 in the aggregate that it acquires following the Closing Date and shall deliver to the Collateral Agent a supplement to Schedule I identifying any such new Pledged Interests, Pledged Shares, Pledged Notes or other
Pledged Property. 

  
 Pledge and Security
Agreement 
 23 

 (e)    Voting Rights; Dividends, etc. Each Grantor agrees, subject to
the terms of the Intercreditor Agreement: 
 (i)    that promptly upon receipt of notice of the
occurrence and continuance of an Event of Default from the Collateral Agent and upon receipt of a written request therefor by the Collateral Agent, so long as such Event of Default shall continue, to deliver (properly endorsed where required hereby
or requested by the Collateral Agent) to the Collateral Agent (or, prior to the Discharge of First Lien Obligations, the First Lien Administrative Agent, acting as gratuitous bailee on behalf of the Collateral Agent pursuant to the Intercreditor
Agreement) all Distributions with respect to Investment Property, all interest principal and other cash payments on Payment Intangibles, the Pledged Property and all Proceeds of the Pledged Property or any other Collateral, in case thereafter
received by such Grantor, in each case, to the extent such Distribution is not permitted under Section 6.05 of the Credit Agreement, all of which shall be held by the Collateral Agent as additional Collateral; and 

(ii)    if an Event of Default shall have occurred and be continuing and the Collateral Agent has notified
such Grantor in writing of the Collateral Agent’s intention to exercise its voting power under this Section 4.1(e)(ii), 

(A)    the Collateral Agent may exercise (to the exclusion of such Grantor) the voting power and all other
incidental rights of ownership with respect to any Pledged Shares, Pledged Interests, Investment Property or other Equity Interests constituting Collateral. EACH GRANTOR HEREBY GRANTS THE COLLATERAL AGENT AN IRREVOCABLE PROXY (WHICH IRREVOCABLE
PROXY SHALL CONTINUE IN EFFECT UNTIL SUCH EVENT OF DEFAULT SHALL HAVE BEEN CURED OR WAIVED) EXERCISABLE UNDER SUCH CIRCUMSTANCES, TO, SUBJECT TO THE INTERCREDITOR AGREEMENT, VOTE THE PLEDGED SHARES, PLEDGED INTERESTS, INVESTMENT PROPERTY AND SUCH
OTHER COLLATERAL; AND 
 (B)    promptly deliver to the Collateral Agent (or, prior to the Discharge
of First Lien Obligations, the First Lien Administrative Agent, acting as gratuitous bailee on behalf of the Collateral Agent pursuant to the Intercreditor Agreement) such additional proxies and other documents as may be necessary to allow the
Collateral Agent to exercise such voting power. 
 All Distributions, interest, principal, cash payments, Payment Intangibles and Proceeds that may at any
time and from time to time be held by any Grantor but which such Grantor is then obligated to deliver to the Collateral Agent (or First Lien Administrative Agent, as applicable), shall, until delivery to the Collateral Agent (or First Lien
Administrative Agent, as applicable), be held by such Grantor separate and apart from its other Property in trust for the benefit of the Collateral Agent. The Collateral Agent agrees that unless an Event of Default shall have occurred and be
continuing and the Collateral Agent shall have given the notice referred to in 

  
 Pledge and Security
Agreement 
 24 

 
Section 4.1 (e), each Grantor shall be entitled to receive and retain all Distributions permitted by the Credit Agreement and shall have the exclusive voting power, and
is granted a proxy, with respect to any Equity Interests (including any of the Pledged Shares and other Pledged Interests) constituting Collateral. The Collateral Agent shall, upon the written request of any Grantor, promptly deliver such proxies
and other documents, if any, as shall be reasonably requested by such Grantor which are necessary to allow such Grantor to exercise that voting power with respect to any such Equity Interests (including any of the Pledged Shares and other Pledged
Interests) constituting Collateral; provided, however, that no vote shall be cast, or consent, waiver, or ratification given, or action taken by such Grantor that would violate any provision of the Credit Agreement or any other Loan
Document (including this Security Agreement). 
 SECTION 4.2.    Organizational Documents; Change of Name, etc..
No Grantor will change its state of incorporation, formation or organization or its name, identity, organizational identification number or corporate structure except as permitted in the Credit Agreement. 

SECTION 4.3.    As to Accounts and Receivables. 

(a)    Each Grantor shall have the right to collect all Accounts so long as no Event of Default shall have occurred and be
continuing. 
 (b)    Subject to the terms of the Intercreditor Agreement and the provisions of applicable Legal
Requirements, upon (i) the occurrence and continuance of an Event of Default and (ii) the delivery of written notice by the Collateral Agent (or First Lien Administrative Agent) to each Grantor, all Proceeds of Collateral received by any
Grantor shall be delivered in kind to the Collateral Agent (or, prior to the Discharge of First Lien Obligations, the First Lien Administrative Agent, acting as gratuitous bailee on behalf of the Collateral Agent pursuant to the Intercreditor
Agreement) for deposit in a Deposit Account of such Grantor (A) maintained with the Collateral Agent or (B) maintained at a depositary bank that is a Lender other than the Collateral Agent to which such Grantor, the Collateral Agent and
the depositary bank have entered into a Control Agreement in form and substance reasonably acceptable to the Collateral Agent in its sole discretion providing that the depositary bank will comply with the instructions originated by the Collateral
Agent directing disposition of the funds in the account without further consent by such Grantor (any such Deposit Accounts, together with any other Accounts pursuant to which any portion of the Collateral is deposited with the Collateral Agent, a
“Collateral Account,” and collectively, the “Collateral Accounts”), and such Grantor shall not commingle any such Proceeds, and shall hold separate and apart from all other Property, all such Proceeds in express
trust for the benefit of the Collateral Agent until delivery thereof is made to the Collateral Agent. 
 (c)    Subject
to the terms of the Intercreditor Agreement, following the delivery of notice pursuant to clause (b)(ii) of this Section 4.3 during the continuance of an Event of Default, the Collateral Agent shall have the right to
apply any amount in the Collateral Accounts to the payment of any Obligations which are due and payable or in accordance with the Loan Documents. 

  
 Pledge and Security
Agreement 
 25 

 (d)    With respect to each of the Collateral Accounts, it is hereby
confirmed and agreed that (i) deposits in such Collateral Accounts are subject to a security interest as contemplated hereby, (ii) such Collateral Accounts shall be under the control of the Collateral Agent (or the First Lien
Administrative Agent in accordance with the terms of the Intercreditor Agreement), provided that the Collateral Agent shall have entered into a Control Agreement with respect to any Accounts that are maintained with a bank other than the Collateral
Agent and (iii) subject to the Intercreditor Agreement, the Collateral Agent shall have the sole right of withdrawal over such Collateral Accounts; provided that withdrawals shall only be made during the existence of an Event of Default. 

(e)    No Grantor shall adjust, settle, or compromise the amount or payment of any Account, nor release wholly or partly
any account debtor or obligor thereof, nor allow any credit or discount thereon; provided that, a Grantor may make such adjustments, settlements or compromises and release wholly or partly any account debtor or obligor thereof and allow any credit
or discounts thereon so long as (i) such action is taken in the ordinary course of business and consistent with past practices, and (ii) such action is, in such Grantor’s good faith business judgment, advisable. 

SECTION 4.4.    As to Grantor’s Use of Collateral. 

(a)    Subject to clause (b), each Grantor (i) may in the ordinary course of its business, at its own expense,
sell, lease or furnish under the contracts of service any of the Inventory normally held by such Grantor for such purpose, and use and consume, in the ordinary course of its business, any raw materials, work in process or materials normally held by
such Grantor for such purpose, (ii) shall, at its own expense, endeavor to collect in a commercially reasonable manner, as and when due, all amounts due with respect to any of the Collateral, including the taking of such action with respect to
such collection as the Collateral Agent may (subject to the terms of the Intercreditor Agreement) request following the occurrence and during the continuance of an Event of Default or, in the absence of such request, as such Grantor may deem
advisable, and (iii) may grant, in the ordinary course of business, to any party obligated on any of the Collateral, any rebate, refund or allowance to which such party may be lawfully entitled, and may accept, in connection therewith, the
return of Goods, the sale or lease of which shall have given rise to such Collateral. 
 (b)    At any time following
the occurrence and during the continuance of an Event of Default, whether before or after the maturity of any of the Obligations, the Collateral Agent may (subject to the terms of the Intercreditor Agreement) (i) revoke any or all of the rights
of any Grantor set forth in clause (a) of this Section 4.4, (ii) notify any parties obligated on any of the Collateral to make payment to the Collateral Agent of any amounts due or to become due thereunder, and
(iii) enforce collection of any of the Collateral by suit or otherwise and surrender, release, or exchange all or any part thereof, or compromise or extend or renew for any period (whether or not longer than the original period) any
indebtedness thereunder or evidenced thereby. 

  
 Pledge and Security
Agreement 
 26 

 (c)    Subject to the terms of the Intercreditor Agreement, upon request of
the Collateral Agent following the occurrence and during the continuance of an Event of Default, each Grantor will, at its own expense, notify any parties obligated on any of the Collateral to make payment to the Collateral Agent of any amounts due
or to become due thereunder. 
 (d)    Subject to the terms of the Intercreditor Agreement, at any time following the
occurrence and during the continuation of an Event of Default, the Collateral Agent may endorse, in the name of the applicable Grantor, any item, howsoever received by the Collateral Agent, representing any payment on or other Proceeds of any of the
Collateral. 
 SECTION 4.5.    As to Equipment and Inventory and Goods. Each Grantor hereby agrees that it shall
(a) keep all of the Equipment and Inventory (other than Inventory sold in the ordinary course of business) and Goods located in a jurisdiction within the United States of America or its offshore waters where all representations and warranties
set forth in Article III shall be true and correct in all material respects (unless already qualified by materiality or Material Adverse Change in the text thereof, in which case, such representations and warranties shall be true and correct in all
respects), and all action required pursuant to the second sentence of Section 4.11 shall have been taken with respect to the Equipment, Inventory and Goods, and (b) pay promptly when due all material property
Taxes and other material Taxes, assessments and governmental charges or levies imposed upon, and all claims (including claims for labor, materials and supplies) against, the Equipment, Inventory and Goods, except to the extent the validity thereof
is being diligently contested in good faith by appropriate proceedings, and with respect to which adequate reserves in conformity with GAAP have been provided. Subject to the terms of the Intercreditor Agreement, upon the occurrence and during the
continuance of an Event of Default and if requested by the Collateral Agent, each Grantor agrees to take such action, including endorsing certificates of title or executing applications for transfer of title, as is reasonably required by the
Collateral Agent to enable it to properly perfect and protect its Lien on all Certificated Equipment and to transfer the same. 
 SECTION
4.6.    As to Intellectual Property Collateral. Each Grantor covenants and agrees to comply with the following provisions as such provisions relate to any Intellectual Property Collateral material to the operations or
business of such Grantor: 
 (a)    such Grantor will not do or fail to perform any act whereby any Patent Collateral
may lapse or become abandoned or dedicated to the public or unenforceable except upon the expiration of the life of the applicable patent, unless such Grantor shall reasonably and in good faith determine that any of such Patent Collateral is of
negligible economic value to such Grantor; 
 (b)    such Grantor will not (i) permit any of its licensees to
(A) fail to maintain all of the Trademark Collateral in full force free from any claim of abandonment for non-use, (B) fail to maintain as in the past the quality of products and services offered
under all of the Trademark Collateral, (C) fail to employ all of the Trademark Collateral registered with any federal or state or foreign authority with an appropriate notice of such registration, (D) knowingly adopt or use any other
Trademark which is confusingly similar or a colorable imitation of any of the 

  
 Pledge and Security
Agreement 
 27 

 
Trademark Collateral, (E) use any of the Trademark Collateral registered with any federal, state or foreign authority except for the uses for which registration or application for
registration of all of the Trademark Collateral has been made, or (F) do or permit any act or knowingly omit to do any act whereby any of the Trademark Collateral may lapse or become invalid or unenforceable, or (ii) do or permit any act
or knowingly omit to do any act whereby any of the Copyright Collateral or any of the Trade Secrets Collateral may lapse or become invalid or unenforceable or placed in the public domain except upon expiration of the end of an unrenewable term of a
registration thereof, unless, in the case of any of the foregoing requirements in clauses (b)(i) and (b)(ii) above, the failure to do so, could not reasonably be expected to, individually or in the aggregate, result in a Material
Adverse Change. 
 (c)    except where it could not reasonably be expected to, individually or in the aggregate, result
in a Material Adverse Change, such Grantor shall promptly notify the Collateral Agent if it knows that any application or registration relating to any item of the Intellectual Property Collateral may become abandoned or dedicated to the public or
placed in the public domain or invalid or unenforceable (other than upon the expiration of the life of the applicable patent), or of any adverse determination or development (including the institution of, or any such determination or development in,
any proceeding in the USPTO, the U.S. Copyright Office or any foreign counterpart thereof or any court) regarding such Grantor’s ownership of any of the Intellectual Property Collateral, its right to register the same or to keep and maintain
and enforce the same; 
 (d)    in no event will such Grantor or any of its agents, employees, designees or licensees
file an application for the registration of any material Intellectual Property Collateral with the USPTO, the U.S. Copyright Office or any similar office or agency in any other country or any political subdivision thereof, unless such Grantor
promptly informs the Collateral Agent, and upon request of the Collateral Agent (subject to the terms of the Credit Agreement), such Grantor shall execute and deliver all agreements, instruments and documents as the Collateral Agent may reasonably
request to evidence the Collateral Agent’s security interest in such Intellectual Property Collateral; 

(e)    such Grantor will take all necessary steps, including in any proceeding before the USPTO, the U.S. Copyright Office
or (subject to the terms of the Credit Agreement) any similar office or agency in any other country or any political subdivision thereof, to maintain and pursue any application (and to obtain the relevant registration) filed with respect to, and to
maintain any registration of, each material Intellectual Property Collateral, including the filing of applications for renewal, affidavits of use, affidavits of incontestability and opposition, interference and cancellation proceedings and the
payment of fees and taxes (except to the extent that dedication, abandonment or invalidation is permitted under the foregoing clause (a), (b) or (c)); 

(f)    following the obtaining of an interest in any Intellectual Property Collateral by such Grantor, such Grantor shall
deliver a supplement to Schedule III identifying such new Intellectual Property Collateral; and 

  
 Pledge and Security
Agreement 
 28 

 (g)    following the obtaining of an interest in any Intellectual Property
Collateral by such Grantor or, following the occurrence and during the continuance of an Event of Default, upon the request of the Collateral Agent, such Grantor shall deliver all agreements, instruments and documents the Collateral Agent may
reasonably request to evidence the Collateral Agent’s security interest in such Intellectual Property Collateral and as may otherwise be required to acknowledge or register or perfect the Collateral Agent’s interest in any part of such
item of Intellectual Property Collateral, including, but not limited to, an IP Security Agreement or a supplement thereto. 
 SECTION
4.7.    As to Letter of Credit Rights. 
 (a)    Each Grantor, by granting a security
interest in its Letter of Credit Rights to the Collateral Agent, intends to (and hereby does) collaterally assign to the Collateral Agent its rights (including its contingent rights) to the Proceeds of all Letter of Credit Rights of which it is or
hereafter becomes a beneficiary or assignee. Within thirty (30) days following the date on which any Grantor obtains any Letter of Credit Rights in excess of $250,000 in the aggregate after the date hereof, such Grantor shall (i) deliver a
supplement to Schedule II identifying such new Letter of Credit Right and (ii) cause the issuer of each such Letter of Credit and each nominated person (if any) with respect thereto to consent to such assignment of the Proceeds thereof
in a consent agreement in form and substance reasonably satisfactory to the Collateral Agent and deliver written evidence of such consent to the Collateral Agent. 

(b)    Subject to the terms of the Intercreditor Agreement, at any time following the occurrence and during the
continuance of an Event of Default, each Grantor will, promptly upon request by the Collateral Agent, (i) notify (and each Grantor hereby authorizes the Collateral Agent to notify) the issuer and each nominated person with respect to each of
the Letters of Credit that the Proceeds thereof have been assigned to the Collateral Agent hereunder and any payments due or to become due in respect thereof are to be made directly to the Collateral Agent and (ii) arrange for the Collateral
Agent to become the transferee beneficiary of each Letter of Credit. 
 SECTION 4.8.    As to Commercial Tort
Claims. Each Grantor covenants and agrees that, until the Termination Date, with respect to any Commercial Tort Claims seeking damages in excess of $250,000 in the aggregate hereafter arising, it shall deliver to the Collateral Agent (or, prior
to the Discharge of First Lien Obligations, the First Lien Administrative Agent, acting as gratuitous bailee on behalf of the Collateral Agent pursuant to the Intercreditor Agreement), within thirty (30) days after such Commercial Tort Claim
arises, a supplement to Schedule II in form and substance reasonably satisfactory to the Collateral Agent, identifying such new Commercial Tort Claims. 

SECTION 4.9.    As to Electronic Chattel Paper and Transferable Records. If any Grantor at any time holds or
acquires an interest in any electronic Chattel Paper or any “transferable record,” as that term is defined in Section 201 of the U.S. Federal Electronic Signatures in Global and National Commerce Act, or in Section 16 of the U.S.
Uniform Electronic Transactions Act as in effect in any relevant jurisdiction, with a value in excess of 

  
 Pledge and Security
Agreement 
 29 

 
$250,000 individually or $1,000,000 in the aggregate, such Grantor shall promptly notify the Collateral Agent thereof and, at the reasonable request of the Collateral Agent, shall take such
action as the Collateral Agent may reasonably request to vest in the Collateral Agent (or the First Lien Administrative Agent in accordance with the terms of the Intercreditor Agreement) control (for the ratable benefit of Secured Parties) under Section 9-105 of the UCC of such electronic Chattel Paper or control under Section 201 of the Federal Electronic Signatures in Global and National Commerce Act or, as the case may be, Section 16 of
the Uniform Electronic Transactions Act, as so in effect in such jurisdiction, of such transferable record. Subject to the terms of the Intercreditor Agreement, the Collateral Agent agrees with each Grantor that the Collateral Agent will arrange,
pursuant to procedures reasonably satisfactory to the Collateral Agent and so long as such procedures will not result in the Collateral Agent’s loss of control, for such Grantor to make alterations to the electronic Chattel Paper or
transferable record permitted under Section 9-105 of the UCC or, as the case may be, Section 201 of the U.S. Federal Electronic Signatures in Global and National Commerce Act or Section 16 of
the Uniform Electronic Transactions Act for a party in control to allow without loss of control, unless an Event of Default has occurred and is continuing or would occur after taking into account any action by such Grantor with respect to such
electronic Chattel Paper or transferable record. 
 SECTION 4.10.    Trade Secrets. With respect to any patent
applications in preparation for filing that comprise Trade Secrets Collateral, Grantor shall have the right to assert its attorney-client privilege in such applications and not to disclose such applications unless and until an Event of Default has
occurred and is continuing. If an Event of Default has occurred and is continuing, then at the request of the Collateral Agent, the Grantors shall deliver to the Collateral Agent (or, prior to the Discharge of First Lien Obligations, the First Lien
Administrative Agent, acting as gratuitous bailee on behalf of the Collateral Agent pursuant to the Intercreditor Agreement) any patent applications in preparation for filing and all documents and things embodying, incorporating or referring to
inventions that in any way relate to such patent application. 
 SECTION 4.11.    Further Assurances, etc.. Each
Grantor shall warrant and defend the right and title herein granted unto the Collateral Agent in and to the Collateral (and all right, title and interest represented by the Collateral) against the claims and demands of all Persons whomsoever,
subject to Permitted Liens. Each Grantor agrees that, from time to time at its own expense, it will promptly execute and deliver (or authorize the Collateral Agent to duly execute and deliver) all further instruments and documents, and take all
further action, that may be reasonably necessary or that the Collateral Agent may reasonably request (such request, in all events shall not be in contravention of the Intercreditor Agreement), in order to perfect, preserve and protect any security
interest granted or purported to be granted hereby or to enable the Collateral Agent to exercise and enforce its rights and remedies hereunder with respect to any Collateral subject to the terms hereof. Each Grantor agrees that, upon the acquisition
after the date hereof by such Grantor of any Collateral (other than Excluded Perfection Collateral), with respect to which the security interest granted hereunder is not perfected automatically upon such acquisition, to take such actions with
respect to such Collateral or any part thereof as required by the Loan Documents. Without limiting the generality of the foregoing, each Grantor will: 

  
 Pledge and Security
Agreement 
 30 

 (a)    from time to time upon the request of the Collateral Agent, promptly
deliver to the Collateral Agent (or, prior to the Discharge of First Lien Obligations, the First Lien Administrative Agent, acting as gratuitous bailee on behalf of the Collateral Agent pursuant to the Intercreditor Agreement) such stock powers,
instruments and similar documents, reasonably satisfactory in form and substance to the Collateral Agent, with respect to such Collateral as the Collateral Agent may reasonably request and will, from time to time upon the reasonable request of the
Collateral Agent, after the occurrence and during the continuance of any Event of Default (but subject to the terms of the Intercreditor Agreement), promptly transfer any securities constituting Collateral into the name of any nominee designated by
the Collateral Agent; if any Collateral shall be evidenced by an Instrument, negotiable Document, promissory note or tangible Chattel Paper, deliver and pledge to the Collateral Agent (or, prior to the Discharge of First Lien Obligations, the First
Lien Administrative Agent, acting as gratuitous bailee on behalf of the Collateral Agent pursuant to the Intercreditor Agreement) hereunder such Instrument, negotiable Document, promissory note, Pledged Note or tangible Chattel Paper duly endorsed
and accompanied by duly executed instruments of transfer or assignment, all in form and substance reasonably satisfactory to the Collateral Agent; 

(b)    file (and hereby authorize the Collateral Agent to file after delivery of a copy thereof to such Grantor) such
filing statements or continuation statements, or amendments thereto, and such other instruments or notices, subject to the terms and conditions of the Intercreditor Agreement (including any assignment of claim form under or pursuant to the federal
assignment of claims statute, 31 U.S.C. § 3726, any successor or amended version thereof or any regulation promulgated under or pursuant to any version thereof), as may be necessary or that the Collateral Agent may reasonably request in order
to perfect and preserve the security interests and other rights granted or purported to be granted to the Collateral Agent hereby. 

(c)    not take or omit to take any action the taking or the omission of which would result in any impairment or
alteration of any obligation of the maker of any Payment Intangible or other Instrument constituting Collateral, except as provided in Section 4.4; 

(d)    not create any tangible Chattel Paper in excess of $250,000 individually or $1,000,000 in the aggregate without
placing a legend on such tangible Chattel Paper reasonably acceptable to the Collateral Agent indicating that the Collateral Agent has a security interest in such Chattel Paper; 

(e)    furnish to the Collateral Agent, from time to time at the Collateral Agent’s reasonable request, statements
and schedules further identifying and describing the Collateral and such other reports in connection with the Collateral as the Collateral Agent may reasonably request, all in detail reasonably satisfactory to the Collateral Agent; and 

(f)    do all things reasonably requested by the Collateral Agent in accordance with this Security Agreement in order to
enable the Collateral Agent (or the First Lien Administrative Agent in accordance with the terms of the Intercreditor Agreement) to have and maintain control over the Collateral consisting of Investment Property, Deposit Accounts, Letter of Credit
Rights and Electronic Chattel Paper. 

  
 Pledge and Security
Agreement 
 31 

 The authorization contained in this Section 4.11 shall
be irrevocable and continuing until the Termination Date. Each Grantor agrees that a carbon, photographic or other reproduction of this Security Agreement or any UCC financing statement covering the Collateral or any part thereof shall be
sufficient as a UCC financing statement where permitted by Legal Requirement. Each Grantor hereby authorizes the Collateral Agent to file financing statements describing as the Collateral covered thereby “all of the debtor’s personal
property or assets” or words to that effect, notwithstanding that such wording may be broader in scope than the Collateral described in this Security Agreement. 

ARTICLE V 
 THE COLLATERAL AGENT

 SECTION 5.1.    Collateral Agent Appointed
Attorney-in-Fact. Subject to the terms and conditions of the Intercreditor Agreement, each Grantor hereby irrevocably appoints the Collateral Agent its attorney-in-fact, with full authority in the place and stead of such Grantor and in the name of such Grantor or otherwise, from time to time in the Collateral Agent’s
discretion, following the occurrence and during the continuance of an Event of Default, to take any action and to execute any instrument which the Collateral Agent may deem necessary or advisable to accomplish the purposes of this Security
Agreement, including (a) to ask, demand, collect, sue for, recover, compromise, receive and give acquittance and receipts for moneys due and to become due under or in respect of any of the Collateral, (b) to receive, endorse, and collect
any drafts or other Instruments, Documents and Chattel Paper, in connection with clause (a) above, (c) to file any claims or take any action or institute any proceedings which the Collateral Agent may deem necessary or desirable for the
collection of any of the Collateral or otherwise to enforce the rights of the Collateral Agent with respect to any of the Collateral, and (d) to perform the affirmative obligations of such Grantor hereunder. EACH GRANTOR HEREBY ACKNOWLEDGES,
CONSENTS AND AGREES THAT THE POWER OF ATTORNEY GRANTED PURSUANT TO THIS SECTION 5.1 IS IRREVOCABLE AND COUPLED WITH AN INTEREST AND SHALL BE EFFECTIVE UNTIL THE TERMINATION DATE. 

SECTION 5.2.    Collateral Agent May Perform. If any Grantor fails to perform any agreement contained herein,
following the expiration of any applicable grace or cure period, the Collateral Agent may during the continuance of any Event of Default itself perform, or cause performance of, such agreement, and the expenses of the Collateral Agent incurred in
connection therewith shall be payable by such Grantor pursuant to Section 6.3 hereof and Section 9.01 of the Credit Agreement and the Collateral Agent may from time to time take any other action which the Collateral
Agent reasonably deems necessary for the maintenance, preservation or protection of any of the Collateral or of its security interest therein. 

  
 Pledge and Security
Agreement 
 32 

 SECTION 5.3.    Collateral Agent Has No Duty. The powers conferred on
the Collateral Agent hereunder are solely to protect its interest (on behalf of the Secured Parties) in the Collateral and shall not impose any duty on it to exercise any such powers. Except for reasonable care of any Collateral in its possession
and the accounting for moneys actually received by it hereunder, the Collateral Agent shall have no duty as to any Collateral or responsibility for (a) ascertaining or taking action with respect to calls, conversions, exchanges, maturities,
tenders or other matters relative to any Investment Property and any other Pledged Property, whether or not the Collateral Agent has or is deemed to have knowledge of such matters, or (b) taking any necessary steps to preserve rights against
prior parties or any other rights pertaining to any Collateral. 
 SECTION 5.4.    Reasonable Care. The
Collateral Agent is required to exercise reasonable care in the custody and preservation of any of the Collateral in its possession; provided, that the Collateral Agent shall be deemed to have exercised reasonable care in the custody and
preservation of any of the Collateral (a) if such Collateral is accorded treatment substantially equal to that which the Collateral Agent accords its own personal property, or (b) if the Collateral Agent takes such action for that purpose
as any Grantor reasonably requests in writing at times other than upon the occurrence and during the continuance of an Event of Default; provided, further, that failure of the Collateral Agent to comply with any such request at any time shall not in
itself be deemed a failure to exercise reasonable care. 
 ARTICLE VI 

REMEDIES 
 SECTION
6.1.    Certain Remedies. Subject to the terms and conditions of the Intercreditor Agreement, if any Event of Default shall have occurred and be continuing, and subject to any notice requirements otherwise required herein
or under any other Loan Document: 
 (a)    The Collateral Agent may exercise in respect of the Collateral, in addition
to other rights and remedies provided for herein or otherwise available to it, all the rights and remedies of a secured party on default under the UCC (whether or not the UCC applies to the affected Collateral) and also may (i) take possession
of any Collateral not already in its possession without demand and without legal process, (ii) require any Grantor to, and each Grantor hereby agrees that it will, at its expense and upon request of the Collateral Agent forthwith, assemble all
or part of the Collateral as directed by the Collateral Agent and make it available to the Collateral Agent at a place to be designated by the Collateral Agent that is reasonably convenient to both parties, (iii) subject to applicable Legal
Requirement or agreements with landlords, bailees or warehousemen enter onto the Property where any Collateral is located and take possession thereof without demand and without legal process, and (iv) without notice except as specified below,
lease, license, sell or otherwise dispose of the Collateral or any part thereof in one or more parcels at public or private sale, at any of the Collateral Agent’s offices or elsewhere, for cash, on credit or for future delivery, and upon such
other terms as the Collateral Agent may deem commercially reasonable. Each Grantor agrees that, to the extent notice of sale shall be required by Legal Requirement, at least ten (10) days’ prior notice to the applicable Grantor of the time
and place of any public sale or the time of any private sale is to be made shall constitute reasonable notification; provided, however, that with respect to Collateral that is (x) perishable or threatens to decline speedily in
value, or (y) is of a type customarily sold on a 

  
 Pledge and Security
Agreement 
 33 

 
recognized market (including but not limited to, Investment Property), no notice of sale or disposition need be given. For purposes of this Article VI, notice of any intended sale or
disposition of any Collateral may be given by first-class mail, hand-delivery (through a delivery service or otherwise), facsimile or email, and shall be deemed to have been “sent” upon deposit in the U.S. Mails with adequate postage
properly affixed, upon delivery to an express delivery service or upon electronic submission through telephonic or internet services, as applicable. The Collateral Agent shall not be obligated to make any sale of Collateral regardless of notice of
sale having been given. The Collateral Agent may adjourn any public or private sale from time to time by announcement at the time and place fixed therefor, and such sale may, without further notice, be made at the time and place to which it was so
adjourned. 
 (b)    Each Grantor that is or may become a fee estate owner of Property where any Collateral is located
agrees and acknowledges that (i) Collateral Agent may remove the Collateral or any part thereof from such Property in accordance with statutory law appertaining thereto without objection, delay, hindrance or interference by such Grantor and in
such case such Grantor will make no claim or demand whatsoever against the Collateral, (ii) it will (x) cooperate with Collateral Agent in its efforts to assemble and/or remove all of the Collateral located on the such property;
(y) permit Collateral Agent and its agents to enter upon such Property and occupy the Property at any or all times to conduct an auction or sale, and/or to inspect, audit, examine, safeguard, assemble, appraise, display, remove, maintain,
prepare for sale or lease, repair, lease, transfer, auction and/or sell the Collateral; and (z) not hinder Collateral Agent’s actions in enforcing its security interest in the Collateral. Money damages may not be a sufficient remedy for a
breach of this Section 6.1(b). In addition to all other remedies available hereunder, under any other Loan Document, at law or in equity, the Collateral Agent shall be entitled to seek, at such Grantor’s expense,
equitable relief, including injunction and specific performance, without proof of actual damages. 
 (c)    Each Grantor
agrees and acknowledges that a commercially reasonable disposition of Inventory, Equipment, Goods, Computer Hardware and Software Collateral, or Intellectual Property Collateral may be by lease or license of, in addition to the sale of, such
Collateral. Each Grantor further agrees and acknowledges that the following shall be deemed a reasonable commercial disposition: (i) a disposition made in the usual manner on any recognized market, (ii) a disposition at the price current
in any recognized market at the time of disposition, and (iii) a disposition in conformity with reasonable commercial practices among dealers in the type of Property subject to the disposition. 

(d)    All cash proceeds received by the Collateral Agent in respect of any sale of, collection from, or other realization
upon, all or any part of the Collateral shall be applied by the Collateral Agent against, all or any part of the Obligations as set forth in Section 7.06 of the Credit Agreement. The Collateral Agent shall not be obligated to apply or pay over
for application noncash proceeds of collection or enforcement unless (i) the failure to do so would be commercially unreasonable, and (ii) the affected party has provided the Collateral Agent with a written demand to apply or pay over such
noncash proceeds on such basis. 

  
 Pledge and Security
Agreement 
 34 

 (e)    The Collateral Agent may do any or all of the following:
(i) transfer all or any part of the Collateral into the name of the Collateral Agent or its nominee, with or without disclosing that such Collateral is subject to the Lien hereunder, (ii) notify the parties obligated on any of the
Collateral to make payment to the Collateral Agent of any amount due or to become due thereunder, (iii) withdraw, or cause or direct the withdrawal, of all funds with respect to the Collateral Account, (iv) enforce collection of any of the
Collateral by suit or otherwise, and surrender, release or exchange all or any part thereof, or compromise or extend or renew for any period (whether or not longer than the original period) any obligations of any nature of any party with respect
thereto, (v) endorse any checks, drafts, or other writings in the applicable Grantor’s name to allow collection of the Collateral, (vi) take control of any Proceeds of the Collateral, or (vii) execute (in the name, place and
stead of the applicable Grantor) endorsements, assignments, stock powers and other instruments of conveyance or transfer with respect to all or any of the Collateral. 

(f)    No such exercise of remedies by the Collateral Agent or cure by the Collateral Agent of any Event of Default on any
Grantor’s behalf shall operate as a waiver of any Secured Party’s rights with respect to such Event of Default or any other Event of Default. 

SECTION 6.2.    Compliance with Restrictions. Each Grantor agrees that in any sale of any of the Collateral
whenever an Event of Default shall have occurred and be continuing, the Collateral Agent is hereby authorized to comply with any limitation or restriction in connection with such sale as it may be advised by counsel is necessary in order to avoid
any violation of applicable Legal Requirement (including compliance with such procedures as may restrict the number of prospective bidders and purchasers, require that such prospective bidders and purchasers have certain qualifications, and restrict
such prospective bidders and purchasers to Persons who will represent and agree that they are purchasing for their own account for investment and not with a view to the distribution or resale of such Collateral), or in order to obtain any required
approval of the sale or of the purchaser by any Governmental Authority or official, and each Grantor further agrees that such compliance shall not result in such sale being considered or deemed not to have been made in a commercially reasonable
manner, nor shall the Collateral Agent be liable nor accountable to such Grantor for any discount allowed by the reason of the fact that such Collateral is sold in compliance with any such limitation or restriction. 

SECTION 6.3.    Indemnity and Expenses. 

(a)    WITHOUT DUPLICATION OF ANY RELATED PROVISIONS IN THE CREDIT AGREEMENT, EACH GRANTOR PARTY HERETO AGREES TO, AND
DOES HEREBY, JOINTLY AND SEVERALLY, INDEMNIFY AND HOLD HARMLESS THE COLLATERAL AGENT, EACH LENDER, THE ADMINISTRATIVE AGENT AND EACH OF THEIR RESPECTIVE RELATED PARTIES (EACH, AN “INDEMNITEE”) FROM AND AGAINST ANY AND
ALL LOSSES, CLAIMS, DAMAGES, PENALTIES, LIABILITIES AND EXPENSES OF ANY KIND OR NATURE (INCLUDING FEES, CHARGES AND DISBURSEMENTS OF COUNSEL AND ANY CONSULTANT FOR ANY INDEMNITEE), TO WHICH SUCH INDEMNITEE MAY 

  
 Pledge and Security
Agreement 
 35 

 
BECOME SUBJECT OR THAT MAY BE INCURRED BY OR ASSERTED OR AWARDED AGAINST SUCH INDEMNITEE BY ANY PERSON (INCLUDING HOLDINGS, THE BORROWER, ANY SUBSIDIARY OR ANY AFFILIATE THEREOF), IN EACH CASE
ARISING OUT OF OR IN CONNECTION WITH OR BY REASON OF (INCLUDING, WITHOUT LIMITATION, IN CONNECTION WITH ANY INVESTIGATION, LITIGATION, OR PROCEEDING OR PREPARATION OF A DEFENSE IN CONNECTION THEREWITH) (I) THE EXECUTION OR DELIVERY OF ANY LOAN
DOCUMENT, OR ANY AGREEMENT OR INSTRUMENT CONTEMPLATED THEREBY, THE PERFORMANCE BY THE PARTIES HERETO OR THERETO OF THEIR RESPECTIVE OBLIGATIONS HEREUNDER OR THEREUNDER OR THE CONSUMMATION OF THE TRANSACTIONS CONTEMPLATED HEREBY OR THEREBY,
(II) ANY ADVANCE OR THE USE OR PROPOSED USE OF THE PROCEEDS THEREFROM, (III) ANY ACTUAL OR ALLEGED PRESENCE OR RELEASE OR THREATENED RELEASE OF HAZARDOUS MATERIALS ON, AT, UNDER OR FROM ANY PROPERTY OWNED, LEASED OR OPERATED BY HOLDINGS,
THE BORROWER OR ANY SUBSIDIARY OR AFFILIATE THEREOF, OR ANY ENVIRONMENTAL CLAIM RELATED IN ANY WAY TO HOLDINGS, THE BORROWER OR ANY SUBSIDIARY OR AFFILIATE THEREOF AT ANY TIME, (IV) ANY ACTUAL OR PROSPECTIVE CLAIM, LITIGATION, INVESTIGATION OR
PROCEEDING RELATING TO ANY OF THE FOREGOING, WHETHER BASED ON CONTRACT, TORT OR ANY OTHER THEORY, WHETHER BROUGHT BY A THIRD PARTY OR BY HOLDINGS, THE BORROWER OR ANY SUBSIDIARY OR AFFILIATE THEREOF, AND REGARDLESS OF WHETHER ANY INDEMNITEE IS A
PARTY THERETO, OR (V) ANY CLAIM (INCLUDING, WITHOUT LIMITATION, ANY ENVIRONMENTAL CLAIMS), INVESTIGATION, LITIGATION OR OTHER PROCEEDING (WHETHER OR NOT THE COLLATERAL AGENT, ANY LENDER OR THE ADMINISTRATIVE AGENT IS A PARTY THERETO) AND THE
PROSECUTION AND DEFENSE THEREOF, ARISING OUT OF OR IN ANY WAY CONNECTED WITH THE ADVANCES, ANY LOAN DOCUMENT, OR ANY DOCUMENTS CONTEMPLATED BY OR REFERRED TO HEREIN OR THEREIN OR THE TRANSACTIONS CONTEMPLATED HEREBY OR THEREBY (AND IN ALL CASES,
WHETHER OR NOT CAUSED BY OR ARISING, IN WHOLE OR IN PART, OUT OF THE COMPARATIVE, CONTRIBUTORY OR SOLE NEGLIGENCE OF SUCH INDEMNITEE); PROVIDED THAT SUCH INDEMNITY SHALL NOT, AS TO ANY INDEMNITEE, BE AVAILABLE TO THE EXTENT THAT SUCH LOSSES,
CLAIMS, DAMAGES, LIABILITIES OR RELATED EXPENSES ARE DETERMINED BY A COURT OF COMPETENT JURISDICTION BY FINAL AND NON-APPEALABLE JUDGMENT (A) TO HAVE RESULTED FROM THE GROSS NEGLIGENCE OR WILLFUL
MISCONDUCT OF SUCH INDEMNITEE, (B) TO HAVE RESULTED FROM A CLAIM BROUGHT BY THE BORROWER AGAINST ANY INDEMNITEE OF ANY MATERIAL BREACH IN BAD FAITH OF SUCH INDEMNITEE’S FUNDING OBLIGATIONS UNDER THE CREDIT AGREEMENT, OR (C) ARE ON
ACCOUNT OF A DISPUTE ARISING SOLELY AMONG INDEMNITEES (OTHER THAN THE COLLATERAL AGENT IN ITS ROLE AS SUCH) TO THE EXTENT SUCH DISPUTE DOES NOT INVOLVE AND 

  
 Pledge and Security
Agreement 
 36 

 
IS NOT RELATED TO ANY ACT, OMISSION OR REPRESENTATION ON THE PART OF, OR ANY INFORMATION PROVIDED BY OR ON BEHALF OF, THE BORROWER, ANY GRANTOR OR AFFILIATES THEREOF. THIS INDEMNITY SHALL NOT
APPLY WITH RESPECT TO TAXES OTHER THAN ANY TAXES THAT REPRESENT LOSSES, CLAIMS, DAMAGES, ETC. ARISING FROM ANY NON-TAX CLAIM. No Grantor shall, without the prior written consent of each Indemnitee affected
thereby, settle any threatened or pending claim or action that would give rise to the right of any Indemnitee to claim indemnification hereunder unless such settlement (x) includes a full and unconditional release of all liabilities arising out
of such claim or action against such Indemnitee, (y) does not include any statement as to or an admission of fault, culpability or failure to act by or on behalf of any Indemnitee, and (z) does not require any actions to be taken or
refrained from being taken by any Indemnitee other than the execution of the related settlement agreement, if any. 

(b)    Other than as set forth in clause (c) below, each Grantor will within 30 days of invoice pay to the Collateral
Agent and any legal counsel the amount of any and all reasonable and documented out-of-pocket expenses, including the reasonable fees and disbursements of its counsels
and of any experts and agents, which the Collateral Agent and any legal counsel may incur in connection herewith, including without limitation in connection with the administration of this Security Agreement and the custody, preservation, use or
operation of, any of the Collateral, 
 (c)    Each Grantor will upon demand pay to the Collateral Agent and any legal
counsel the amount of any and all documented out-of-pocket expenses, including the fees and disbursements of its counsels and of any experts and agents, which the
Collateral Agent and any legal counsel may incur in connection (i) the enforcement (whether through negotiations, legal proceedings or otherwise) of this Security Agreement, (ii) the sale of, collection from, or other realization upon, any
of the Collateral, (iii) the exercise or enforcement of any of the rights of the Collateral Agent and any legal counsel or any of the Secured Parties hereunder, or (iv) the failure by any Grantor to perform or observe any of the provisions
hereof, in each case, subject to the limitations that may be provided in Section 9.01 of the Credit Agreement. 
 SECTION
6.4.    Warranties. The Collateral Agent may sell the Collateral without giving any warranties or representations as to the Collateral. The Collateral Agent may disclaim any warranties of title or the like. Each Grantor
agrees that this procedure will not be considered to adversely affect the commercial reasonableness of any sale of the Collateral. 

SECTION 6.5.    Exempt Sale. If, in the opinion of the Collateral Agent, there is any question that a public or
semipublic sale or distribution of any Pledged Property will violate any state or federal securities law, the Collateral Agent in its reasonable discretion (a) may offer and sell securities privately to purchasers who will agree to take them
for investment purposes and not with a view to distribution and who will agree to imposition of restrictive legends on the certificates representing the security, or (b) may sell such securities in an intrastate offering under
Section 3(a)(11) of the Securities Act of 1933, as amended, and no sale so made in good faith by the Collateral Agent shall be deemed to be not “commercially reasonable” solely 

  
 Pledge and Security
Agreement 
 37 

 
because so made. Each Grantor shall cooperate fully with the Collateral Agent in selling or realizing upon all or any part of the Pledged Property. In addition, each Grantor shall fully comply
with the securities laws of the United States, the State of New York and other states and take such actions as may be necessary to permit the Collateral Agent to sell or otherwise dispose of any securities representing the Pledged Property in
compliance with such Legal Requirements. 
 SECTION 6.6.    Cumulative Remedies. Each right, power and remedy
herein specifically granted to the Collateral Agent or otherwise available to it shall be cumulative, and shall be in addition to every other right, power and remedy herein specifically given or now or hereafter existing at law, in equity or
otherwise, and each such right, power and remedy, whether specifically granted herein or otherwise existing, may be exercised at any time and from time-to-time as often
and in such order as may be deemed expedient by the Collateral Agent in its sole discretion. No failure on the part of the Collateral Agent to exercise, and no delay in exercising, and no course of dealing with respect to, any such right, power or
remedy, shall operate as a waiver thereof, nor shall any single or partial exercise of any such rights, power or remedy preclude any other or further exercise thereof or the exercise of any other right. 

ARTICLE VII 
 MISCELLANEOUS
PROVISIONS 
 SECTION 7.1.    Loan Document. This Security Agreement is a Loan Document executed pursuant to the
Credit Agreement and shall (unless otherwise expressly indicated herein) be construed, administered and applied in accordance with the terms and provisions thereof, including Article IX thereof. 

SECTION 7.2.    Binding on Successors, Transferees and Assigns; Assignment. This Security Agreement shall remain in
full force and effect until the Termination Date has occurred, shall be binding upon each Grantor and its successors, transferees and permitted assigns and, subject to the limitations set forth in the Credit Agreement, shall inure to the benefit of
and be enforceable by each Secured Party and its successors, transferees and permitted assigns; provided that, no Grantor shall assign any of its obligations hereunder (unless otherwise permitted under the terms of the Credit Agreement or
this Security Agreement). 
 SECTION 7.3.    Amendments, etc. No amendment to or waiver of any provision of this
Security Agreement, nor consent to any departure by any Grantor from its obligations under this Security Agreement, shall in any event be effective unless the same shall be in writing and signed by the Collateral Agent (on behalf of the Lenders or
the Majority Lenders, as the case may be, pursuant to Section 9.03 of the Credit Agreement) and such Grantor and then such waiver or consent shall be effective only in the specific instance and for the specific purpose for which given. 

SECTION 7.4.    Notices. Except as otherwise provided in this Security Agreement, all notices and other
communications provided for hereunder shall be sent in the manner and subject to the terms of Section 9.09 of the Credit Agreement at the address or facsimile number of such party specified in the Credit Agreement, on the signature pages of
this Security Agreement or at such other address or facsimile number as may be designated by such party in a notice to the other party. Except as otherwise provided in this Security Agreement, all such notices and communications shall be effective
when delivered. 

  
 Pledge and Security
Agreement 
 38 

 SECTION 7.5.    No Waiver. In addition to, and not in limitation of
Section 2.7, no failure on the part of any Secured Party to exercise, and no delay in exercising, any right hereunder shall operate as a waiver thereof, nor shall any single or partial exercise of any right hereunder
preclude any other or further exercise thereof or the exercise of any other right. 
 SECTION 7.6.    Waivers by
Grantors. Each Grantor hereby waives: 
 (a)    promptness, diligence, notice of acceptance and any other notice
with respect to any of the Obligations and this Security Agreement; 
 (b)    any requirement that the Collateral Agent
or any other Secured Party protect, secure, perfect or insure any Lien or any Property subject thereto or exhaust any right or take any action against any Grantor, any Guarantor or any other Person or any Collateral; and 

(c)    any duty on the part of the Collateral Agent to disclose to any Grantor any matter, fact or thing relating to the
business, operation or condition of any Grantor or any other Person and their respective assets now known or hereafter known by such Person. 

SECTION 7.7.    Headings. The various headings of this Security Agreement are inserted for convenience only and
shall not affect the meaning or interpretation of this Security Agreement or any provisions thereof. 
 SECTION
7.8.    Severability. In case one or more provisions of this Security Agreement shall be invalid, illegal or unenforceable in any respect under any applicable Legal Requirement, the validity, legality, and enforceability
of the remaining provisions contained herein shall not be affected or impaired thereby. 
 SECTION
7.9.    Counterparts. This Security Agreement may be executed in any number of counterparts and by different parties hereto in separate counterparts, each of which when so executed shall be deemed to be an original and all
of which taken together shall constitute one and the same agreement. Delivery of an executed counterpart of a signature page to this Security Agreement by facsimile or other electronic transmission shall be effective as delivery of a manually
executed counterpart of this Security Agreement. 
 SECTION 7.10.    Consent as Holder of Equity and as Pledged
Interests Issuer. Each Grantor hereby consents to (a) the execution by each other Grantor of this Security Agreement and grant by each other Grantor of a security interest, encumbrance, pledge and hypothecation in all Pledged Interests and
other Collateral of such other Grantor to the Collateral Agent pursuant hereto, (b) without limiting the generality of the foregoing, each Grantor consents to the transfer (subject to the terms of the Intercreditor Agreement) of any Pledged
Interest to the Collateral Agent or its nominee pursuant to the terms of this Security Agreement following the occurrence and during the continuance of an Event of Default and to the substitution of the Collateral Agent

  
 Pledge and Security
Agreement 
 39 

 
or its nominee as a partner under the limited partnership agreement or as a member under the limited liability company agreement, in any case, as heretofore and hereafter amended, and (c) to
the extent such Grantor is also a Pledged Interests Issuer, agrees to comply with instructions with respect to the applicable Pledged Interests originated by the Collateral Agent without further consent of any other Grantor if an Event of Default
has occurred and is continuing. Furthermore, each Grantor as the holder of any Equity Interests that constitute Collateral in a Pledged Interests Issuer, hereby (i) waives all rights of first refusal, rights to purchase, and rights to consent
to transfer (to any Secured Party or to any purchaser resulting from the exercise of a Secured Party’s remedy provided hereunder or under applicable Legal Requirement) and (ii) if required by the organizational documents of such Pledged
Interests Issuer, agrees to cause such Pledged Interests Issuer to register the Lien granted hereunder and encumbering such Equity Interests that constitute Collateral in the registry books of such Pledged Interests Issuer. 

SECTION 7.11.    Additional Grantors. Additional Subsidiaries of Holdings may from time to time enter into this
Security Agreement as a Grantor. Upon execution and delivery after the date hereof by the Collateral Agent and such Subsidiary of an instrument in the form of Annex 1, such Subsidiary shall become a Grantor hereunder with the same force and effect
as if originally named as a Grantor herein. The execution and delivery of any instrument adding an additional Grantor as a party to this Security Agreement shall not require the consent of any other Grantor hereunder. The rights and obligations of
each Grantor hereunder shall remain in full force and effect notwithstanding the addition of any new Grantor as a party to this Security Agreement. 

SECTION 7.12.    Acknowledgment of Pledged Interests Issuers. Each Pledged Interests Issuer that is party hereto
agrees that it will comply with instructions of the Collateral Agent with respect to the applicable Uncertificated Securities without further consent by the applicable Grantor if an Event of Default has occurred and is continuing. 

SECTION 7.13.    Conflicts with Credit Agreement. To the fullest extent possible, the terms and provisions of
the Credit Agreement shall be read together with the terms and provisions of this Security Agreement so that the terms and provisions of this Security Agreement do not conflict with the terms and provisions of the Credit Agreement; provided,
however, notwithstanding the foregoing, in the event that any of the terms or provisions of this Security Agreement conflict with any terms or provisions of the Credit Agreement, the terms or provisions of the Credit Agreement shall govern and
control for all purposes; provided that the inclusion in this Security Agreement of terms and provisions, supplemental rights or remedies in favor of the Collateral Agent not addressed in the Credit Agreement shall not be deemed to be in conflict
with the Credit Agreement and all such additional terms, provisions, supplemental rights or remedies contained herein shall be given full force and effect. 

SECTION 7.15.    Intercreditor Agreement. Each Person that is secured hereunder, by accepting the benefits of
the security provided hereby, (i) consents (or is deemed to consent), to the subordination of Liens in favor of the First Lien Administrative Agent as provided for in the Intercreditor Agreement, (ii) agrees (or is deemed to agree) that it
will be bound by, and will take no actions contrary to, the provisions of the Intercreditor Agreement and (iii) authorizes (or is 

  
 Pledge and Security
Agreement 
 40 

 
deemed to authorize) and instructs (or is deemed to instruct) the Collateral Agent on behalf of such Person to enter into, and perform under, the Intercreditor Agreement as “Second Lien
Collateral Agent” (as defined in the Intercreditor Agreement). The foregoing provisions are intended as an inducement to the lenders under the First Lien Credit Agreement to extend credit to the Borrower and the Grantors, and such lenders are
intended third party beneficiaries of this provision and the provisions of the Intercreditor Agreement. In the event of any conflict between the Intercreditor Agreement and this Security Agreement, the terms of the Intercreditor Agreement shall
govern and control. 
 SECTION 7.16.    Waiver of Jury Trial. EACH PARTY HERETO HEREBY IRREVOCABLY
WAIVES, TO THE FULLEST EXTENT PERMITTED BY APPLICABLE LEGAL REQUIREMENT, ANY RIGHT IT MAY HAVE TO A TRIAL BY JURY IN ANY LEGAL PROCEEDING DIRECTLY OR INDIRECTLY ARISING OUT OF OR RELATING TO THIS SECURITY AGREEMENT OR ANY OTHER LOAN DOCUMENT OR THE
TRANSACTIONS CONTEMPLATED HEREBY OR THEREBY (WHETHER BASED ON CONTRACT, TORT OR ANY OTHER THEORY). EACH PARTY HERETO (A) CERTIFIES THAT NO REPRESENTATIVE, AGENT OR ATTORNEY OF ANY OTHER PERSON HAS REPRESENTED, EXPRESSLY OR
OTHERWISE, THAT SUCH OTHER PERSON WOULD NOT, IN THE EVENT OF LITIGATION, SEEK TO ENFORCE THE FOREGOING WAIVER AND (B) ACKNOWLEDGES THAT IT AND THE OTHER PARTIES HERETO HAVE BEEN INDUCED TO ENTER INTO THIS SECURITY AGREEMENT AND
THE OTHER LOAN DOCUMENTS BY, AMONG OTHER THINGS, THE MUTUAL WAIVERS AND CERTIFICATIONS IN THIS SECTION. 

SECTION 7.17.    Governing Law; Service of Process. This Security Agreement and any claim, controversy,
dispute or cause of action (whether in contract or tort or otherwise) based upon, arising out of or relating to this Security Agreement and the transactions contemplated hereby shall be governed by, and construed in accordance with, the law of the
State of New York (including Section 5-1401 and Section 5-1402 of the General Obligations Law of the State of New York), without reference to any other
conflicts or choice of law principles thereof, except to the extent that the validity or perfection of the security interests hereunder, or remedies hereunder, in respect of any particular Collateral are governed by the laws of a jurisdiction other
than the State of New York. 
 SECTION 7.18.    Submission to Jurisdiction; Service of Process; Waiver of
Venue. 
 (a)    EACH GRANTOR IRREVOCABLY AND UNCONDITIONALLY AGREES THAT IT WILL NOT COMMENCE ANY ACTION,
LITIGATION OR PROCEEDING OF ANY KIND OR DESCRIPTION, WHETHER IN LAW OR EQUITY, WHETHER IN CONTRACT OR IN TORT OR OTHERWISE, AGAINST ANY SECURED PARTY OR ANY RELATED PARTY OF ANY SECURED PARTY IN ANY WAY RELATING TO THIS SECURITY AGREEMENT OR ANY
OTHER LOAN DOCUMENT OR THE TRANSACTIONS RELATING HERETO OR THERETO, IN ANY FORUM OTHER THAN THE COURTS OF THE STATE OF NEW YORK  

  
 Pledge and Security
Agreement 
 41 

 
SITTING IN NEW YORK COUNTY, AND OF THE UNITED STATES DISTRICT COURT OF THE SOUTHERN DISTRICT OF NEW YORK, AND ANY APPELLATE COURT FROM ANY THEREOF, AND EACH OF THE PARTIES HERETO IRREVOCABLY AND
UNCONDITIONALLY SUBMITS TO THE JURISDICTION OF SUCH COURTS AND AGREES THAT ALL CLAIMS IN RESPECT OF ANY SUCH ACTION, LITIGATION OR PROCEEDING MAY BE HEARD AND DETERMINED IN SUCH NEW YORK STATE COURT OR, TO THE FULLEST EXTENT PERMITTED BY APPLICABLE
LEGAL REQUIREMENT, IN SUCH FEDERAL COURT. EACH OF THE PARTIES HERETO AGREES THAT A FINAL JUDGMENT IN ANY SUCH ACTION, LITIGATION OR PROCEEDING SHALL BE CONCLUSIVE AND MAY BE ENFORCED IN OTHER JURISDICTIONS BY SUIT ON THE JUDGMENT OR IN ANY OTHER
MANNER PROVIDED BY LEGAL REQUIREMENT. NOTHING IN THIS SECURITY AGREEMENT OR IN ANY OTHER LOAN DOCUMENT SHALL AFFECT ANY RIGHT THAT ANY SECURED PARTY MAY OTHERWISE HAVE TO BRING ANY ACTION OR PROCEEDING RELATING TO THIS SECURITY AGREEMENT OR ANY
OTHER LOAN DOCUMENT AGAINST ANY GRANTOR OR ITS PROPERTIES IN THE COURTS OF ANY JURISDICTION. EACH PARTY HERETO IRREVOCABLY CONSENTS TO SERVICE OF PROCESS IN THE MANNER PROVIDED FOR NOTICES IN SECTION 9.09 OF THE CREDIT AGREEMENT. NOTHING IN THIS
AGREEMENT WILL AFFECT THE RIGHT OF ANY PARTY HERETO TO SERVE PROCESS IN ANY OTHER MANNER PERMITTED BY APPLICABLE LEGAL REQUIREMENT. 

(b)    Each Grantor irrevocably and unconditionally waives, to the fullest extent permitted by applicable Legal
Requirement, any objection that it may now or hereafter have to the laying of venue of any action or proceeding arising out of or relating to this Security Agreement or any other Loan Document in any court referred to in
Section 7.17(a). Each of the parties hereto hereby irrevocably waives, to the fullest extent permitted by applicable Legal Requirement, the defense of an inconvenient forum to the maintenance of such action or proceeding in
any such court. 
 THIS WRITTEN 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. 
 [Remainder of this page intentionally left blank. Signature pages to follow.] 

  
 Pledge and Security
Agreement 
 42 

 IN WITNESS WHEREOF, each of the parties hereto has caused this Security Agreement to be duly
executed and delivered as of the date first above written. 
  

			
	 GRANTORS:

	
	 PENN VIRGINIA HOLDING CORP.

		
	 By:
	 	/s/ Steve A. Hartman
	 Name:
	 	Steven A. Hartman
	 Title:
	 	Senior Vice President, Chief Financial Officer and Treasurer
	
	 PENN VIRGINIA CORPORATION

		
	 By:
	 	/s/ Steve A. Hartman
	 Name:
	 	Steven A. Hartman
	 Title:
	 	Senior Vice President, Chief Financial Officer and Treasurer
	
	 PENN VIRGINIA OIL & GAS CORPORATION

	 PENN VIRGINIA OIL & GAS GP LLC

	 PENN VIRGINIA OIL & GAS LP LLC

	 PENN VIRGINIA MC CORPORATION

	 PENN VIRGINIA MC ENERGY L.L.C.

	 PENN VIRGINIA MC GATHERING COMPANY L.L.C.

	 PENN VIRGINIA MC OPERATING COMPANY L.L.C.

	 PENN VIRGINIA RESOURCE HOLDINGS CORP.

		
	 Each By:
	 	/s/ Steve A. Hartman
	 Name:
	 	Steven A. Hartman
	 Title:
	 	Senior Vice President, Chief Financial Officer and Treasurer
	
	 PENN VIRGINIA OIL & GAS, L.P.

		
	 By:
	 	 Penn Virginia Oil & Gas GP LLC,

		 	 its general partner

		
	 By:
	 	/s/ Steve A. Hartman
	 Name:
	 	Steven A. Hartman
	 Title:
	 	Senior Vice President, Chief Financial Officer and Treasurer

 Signature page to Pledge and Security Agreement 

 
			
	 COLLATERAL AGENT:

	
	 JEFFERIES FINANCE LLC, as Collateral Agent

		
	 By:
	 	/s/ John Koehler
	 Name:
	 	 John Koehler

	 Title:
	 	 Senior Vice President

 Signature page to Pledge and Security Agreement 

 SCHEDULE I 

to Pledge and Security 
 Agreement

 ITEM A—PLEDGED INTERESTS 
  

											
	 Common
Stock

	 Pledgor
	  	 Pledged Interests Issuer
(corporate)
	  	 Cert. #
	  	 # of

Shares
	  	 Authorized

Shares
	  	 % of

Shares
 Pledged

 

									
	 Limited Liability Company
Interests

					
	 Pledgor
	  	 Pledged Interests

Issuer (limited
 liability
company)
	  	 % of Limited

Liability
 Company Interests

Owned
	  	 % of Limited

Liability
 Company Interests

Pledged
	  	 Type of

Limited Liability
 Company

Interests Pledged

									
	 Partnership
Interests

					
	 Pledgor
	  	 Pledged Interests

Issuer (partnership)
	  	 % of Partnership

Interests Owned
	  	 % of Partnership

Interests Pledged
	  	 Type of Partnership
Interests Pledged

ITEM B—PLEDGED NOTES 
  

	1.	Pledged Note Issuer Description: 

[                    ] 

 SCHEDULE II 

to Pledge and Security 
 Agreement

  

	Item A-1.	Location of Grantor for purposes of UCC. 

 [________________] 

 

	Item A-2.	Grantor’s place of business or principal office. 

 [________________] 

 

	Item A-3.	Taxpayer ID number. 

 [________________] 

 

	Item B.	Merger or other corporate reorganization. 

 [________________] 

	Item C.	Deposit Accounts, Securities Accounts and Commodity Accounts. 

 [________________] 

 

	Item D.	Letter of Credit Rights. 

 [________________] 

 

	Item E.	Commercial Tort Claims. 

 [________________] 

 SCHEDULE III – A 

to Pledge and Security 
 Agreement

 INTELLECTUAL PROPERTY COLLATERAL 
  

	Item A.	Patent Collateral. 

 Issued Patents 

[________________] 
 Pending Patent Applications 

[________________] 
 Patent Applications in Preparation

 [________________] 

 SCHEDULE III – B 

to Pledge and Security 
 Agreement

  

	Item B.	Trademark Collateral 

 [________________] 

 SCHEDULE III – C 

to Pledge and Security 
 Agreement

  

	Item C.	Copyright Collateral 

 [________________] 

 Annex 1 to Pledge and Security 

Agreement 
 SUPPLEMENT NO. ______
dated as of _____________, 20__ (the “Supplement”), to the Pledge and Security Agreement dated as of September 29, 2017 (as amended, supplemented, restated, or otherwise modified from time to time, the “Security
Agreement”), among PENN VIRGINIA HOLDING CORP., a Delaware corporation (“Borrower”), PENN VIRGINIA CORPORATION, a Virginia corporation (“Holdings”), each subsidiary of Holdings signatory thereto (together
with the Borrower and Holdings, the “Grantors” and individually, a “Grantor”) and Jefferies Finance LLC, as collateral agent (in such capacity, the “Collateral Agent”) under the Credit Agreement (as
hereinafter defined) for the ratable benefit of the Secured Parties. 
 A.    Reference is made to that certain Credit
Agreement, dated as of September 29, 2017 (as amended, supplemented, amended and restated or otherwise modified from time to time, the “Credit Agreement”), among the Borrower, Holdings, the lenders party thereto from time to
time, and Jefferies Finance LLC, as the administrative agent and collateral agent. 
 B.    Capitalized terms used
herein and not otherwise defined herein shall have the meanings assigned to such terms in the Security Agreement and the Credit Agreement. 

C.    Section 7.11 of the Security Agreement provides that additional Subsidiaries of Holdings may become Grantors under
the Security Agreement by execution and delivery of an instrument in the form of this Supplement. The undersigned Subsidiary of Holdings (the “New Grantor”) is executing this Supplement in accordance with the requirements of the Credit
Agreement to become a Grantor under the Security Agreement. 
 D.    [Furthermore, pursuant to Section 5.08 of the
Credit Agreement, the equity holder of each Subsidiary of Holdings that was not in existence on the date of the Credit Agreement is required to enter into the Security Agreement as a Grantor, or supplement its Collateral (as defined in the Security
Agreement), to pledge the equity of such new Subsidiary. [Equity holder of new Subsidiary] (the “Existing Grantor”; and together with the New Grantor, each a “Specific Grantor” and, collectively, the “Specific
Grantors”), is executing this Supplement in accordance with the requirements of the Credit Agreement to supplement its Collateral under the Security Agreement.] 

Accordingly, the Collateral Agent and the [New Grantor][Specific Grantors] agree as follows: 

SECTION 1.     [The Existing Grantor by its signature below (i) hereby agrees that, except as supplemented and
renewed hereby, all of the terms, obligations, rights and conditions of the Security Agreement have not been amended in any way and are and will remain binding upon, and enforceable against the Existing Grantor (ii) reaffirms all the terms and
provisions of the Security Agreement applicable to it as a Grantor thereunder and (iii) after giving effect to this Supplement, represents and warrants that the representations and warranties made by it as a Grantor thereunder are true and
correct in all material respects (unless already qualified by materiality or Material Adverse Change in the text thereof, in which case, such representations and warranties shall be true and correct in all respects) on and as of the date hereof.]

 Annex 1 to Pledge and Security Agreement 

 SECTION 2.    [The Existing Grantor agrees that the terms “Pledged
Property”, “Pledged Interests”, and “Pledged Shares” as used in the Security Agreement are hereby supplemented to include, and the Existing Grantor hereby pledges to the Collateral Agent, and grants to the Collateral Agent,
for the benefit of the Secured Parties, a continuing security interest in and Lien on all of the Existing Grantor’s right, title and interest in and to, all of its Equity Interests (as defined in the Security Agreement) or any other ownership
interest described in, and set forth on, Schedule I, attached hereto and incorporated herein.] 

SECTION 3.    In accordance with Section 7.11 of the Security Agreement, the New Grantor by its signature below
becomes a Grantor under the Security Agreement with the same force and effect as if originally named therein as a Grantor and the New Grantor hereby agrees (a) to all the terms and provisions of the Security Agreement applicable to it as a
Grantor thereunder and (b) represents and warrants that the representations and warranties made by it as a Grantor thereunder are true and correct in all material respects (unless already qualified by materiality or Material Adverse Change in
the text thereof, in which case, such representations and warranties shall be true and correct in all respects) on and as of the date hereof. In furtherance of the foregoing, the New Grantor, as security for the payment and performance in full of
the Obligations (as defined in the Security Agreement), does hereby create and grant to the Collateral Agent, its successors and assigns, for the benefit of the Secured Parties, their successors and assigns as provided in the Security Agreement, a
continuing security interest in and Lien on all of the New Grantor’s right, title and interest in and to the Collateral (as defined in the Security Agreement) of the New Grantor. Each reference to a “Grantor” in the Security Agreement
shall be deemed to include the New Grantor. The Security Agreement is hereby incorporated herein by reference. 

SECTION 4.     [The New Grantor][Each Specific Grantor] represents and warrants to the Collateral Agent and the other
Secured Parties that this Supplement has been duly authorized, executed and delivered by it and constitutes its legal, valid and binding obligation, enforceable against it in accordance with its terms (subject to applicable bankruptcy,
reorganization, insolvency, moratorium or similar laws affecting creditors’ rights generally and subject, as to enforceability, to equitable principles of general application (regardless of whether enforcement is sought in a proceeding in
equity or at law)). 
 SECTION 5.    This Supplement may be executed in counterparts, each of which shall
constitute an original, but all of which when taken together shall constitute a single contract. This Supplement shall become effective when the Collateral Agent shall have received counterparts of this Supplement that, when taken together, bear the
signatures of the [New Grantor][Specific Grantors] and the Collateral Agent. Delivery of an executed signature page to this Supplement by facsimile or other electronic transmission shall be as effective as delivery of a manually signed counterpart
of this Supplement. 
 SECTION 6.     [The New Grantor][Each Specific Grantor] hereby agrees that the schedules
attached to the Security Agreement are hereby supplemented by the corresponding schedules attached to this Supplement. [The New Grantor][Each Specific Grantor] hereby represents and warrants that the information provided in the schedules attached
hereto are true and correct as of the date hereof. 
 Annex 1 to Pledge and Security Agreement 

 SECTION 7.     [The New Grantor][Each Specific Grantor] hereby expressly
acknowledges and agrees to the terms of Section 6.3 (Indemnity and Expenses) of the Security Agreement and expressly acknowledges the irrevocable proxy provided in Section 4.1(e) of the Security Agreement. In furtherance thereof,
[NEW GRANTOR][EACH SPECIFIC GRANTOR] HEREBY GRANTS THE COLLATERAL AGENT AN IRREVOCABLE PROXY (WHICH IRREVOCABLE PROXY SHALL CONTINUE IN EFFECT UNTIL THE TERMINATION DATE) EXERCISABLE UNDER THE CIRCUMSTANCES PROVIDED IN SECTION 4.1 OF THE SECURITY
AGREEMENT, TO VOTE THE PLEDGED SHARES, PLEDGED INTERESTS, INVESTMENT PROPERTY AND SUCH OTHER COLLATERAL. 

SECTION 8.    Except as expressly supplemented hereby, the Security Agreement shall remain in full force and effect.

 SECTION 9.    This Supplement and the Security Agreement and any claim, controversy, dispute or cause of action
(whether in contract or tort or otherwise) based upon, arising out of or relating to this Supplement or the Security Agreement and the transactions contemplated hereby and thereby shall be governed by, and construed in accordance with, the law of
the State of New York (including Section 5- 1401 and Section 5-1402 of the General Obligations Law of the State of New York), without reference to any other
conflicts or choice of law principles thereof, except to the extent that the validity or perfection of the security interests hereunder, or remedies hereunder, in respect of any particular Collateral are governed by the laws of a jurisdiction other
than the State of New York. 
 SECTION 10.    In case one or more provisions of this Supplement shall be invalid,
illegal or unenforceable in any respect under any applicable Legal Requirement, the validity, legality, and enforceability of the remaining provisions contained herein or in the Security Agreement shall not be affected or impaired thereby. 

SECTION 11.    All communications and notices hereunder shall be in writing and given as provided in the Security
Agreement. All communications and notices hereunder to the [New Grantor][each Specific Grantor] shall be given to it at the address set forth under its signature hereto. 

SECTION 12.    The New Grantor][Each Specific Grantor] agrees to reimburse the Collateral Agent for its reasonable out-of-pocket expenses in connection with this Supplement, including the reasonable fees, other charges and disbursements of counsel for the Collateral Agent. 

SECTION 13.    [THE NEW GRANTOR][EACH SPECIFIC GRANTOR] HEREBY IRREVOCABLY WAIVES, TO THE FULLEST EXTENT PERMITTED
BY APPLICABLE LEGAL REQUIREMENT, ANY RIGHT IT MAY HAVE TO A TRIAL BY JURY IN ANY LEGAL PROCEEDING DIRECTLY OR INDIRECTLY ARISING OUT OF OR RELATING TO THIS SUPPLEMENT, THE SECURITY AGREEMENT, OR ANY OTHER LOAN DOCUMENT OR THE TRANSACTIONS
CONTEMPLATED HEREBY OR THEREBY (WHETHER BASED ON CONTRACT, TORT OR ANY OTHER THEORY). EACH PARTY HERETO (A) CERTIFIES THAT NO REPRESENTATIVE, AGENT OR ATTORNEY OF ANY OTHER PERSON HAS REPRESENTED, EXPRESSLY OR OTHERWISE, THAT SUCH
OTHER PERSON WOULD NOT, IN THE EVENT OF LITIGATION, SEEK TO ENFORCE THE FOREGOING WAIVER AND (B) ACKNOWLEDGES THAT IT AND THE OTHER PARTIES HERETO HAVE BEEN INDUCED TO ENTER INTO THIS SECURITY AGREEMENT AND THE OTHER LOAN
DOCUMENTS BY, AMONG OTHER THINGS, THE MUTUAL WAIVERS AND CERTIFICATIONS IN THIS SECTION. 
 Annex 1 to Pledge and Security Agreement 

 SECTION 14.    Submission to Jurisdiction; Service of Process; Waiver
of Venue. 
 (a)    [THE NEW GRANTOR][EACH SPECIFIC GRANTOR] IRREVOCABLY AND UNCONDITIONALLY AGREES THAT IT WILL
NOT COMMENCE ANY ACTION, LITIGATION OR PROCEEDING OF ANY KIND OR DESCRIPTION, WHETHER IN LAW OR EQUITY, WHETHER IN CONTRACT OR IN TORT OR OTHERWISE, AGAINST ANY SECURED PARTY OR ANY RELATED PARTY OF ANY SECURED PARTY IN ANY WAY RELATING TO THIS
SUPPLEMENT, THE SECURITY AGREEMENT OR ANY OTHER LOAN DOCUMENT OR THE TRANSACTIONS RELATING HERETO OR THERETO, IN ANY FORUM OTHER THAN THE COURTS OF THE STATE OF NEW YORK SITTING IN NEW YORK COUNTY, AND OF THE UNITED STATES DISTRICT COURT OF THE
SOUTHERN DISTRICT OF NEW YORK, AND ANY APPELLATE COURT FROM ANY THEREOF, AND EACH OF THE PARTIES HERETO IRREVOCABLY AND UNCONDITIONALLY SUBMITS TO THE JURISDICTION OF SUCH COURTS AND AGREES THAT ALL CLAIMS IN RESPECT OF ANY SUCH ACTION, LITIGATION
OR PROCEEDING MAY BE HEARD AND DETERMINED IN SUCH NEW YORK STATE COURT OR, TO THE FULLEST EXTENT PERMITTED BY APPLICABLE LEGAL REQUIREMENT, IN SUCH FEDERAL COURT. EACH OF THE PARTIES HERETO AGREES THAT A FINAL JUDGMENT IN ANY SUCH ACTION, LITIGATION
OR PROCEEDING SHALL BE CONCLUSIVE AND MAY BE ENFORCED IN OTHER JURISDICTIONS BY SUIT ON THE JUDGMENT OR IN ANY OTHER MANNER PROVIDED BY LEGAL REQUIREMENT. NOTHING IN THIS SUPPLEMENT, THE SECURITY AGREEMENT OR IN ANY OTHER LOAN DOCUMENT SHALL AFFECT
ANY RIGHT THAT ANY SECURED PARTY MAY OTHERWISE HAVE TO BRING ANY ACTION OR PROCEEDING RELATING TO THIS SUPPLEMENT, THE SECURITY AGREEMENT, OR ANY OTHER LOAN DOCUMENT AGAINST ANY GRANTOR OR ITS PROPERTIES IN THE COURTS OF ANY JURISDICTION. EACH PARTY
HERETO IRREVOCABLY CONSENTS TO SERVICE OF PROCESS IN THE MANNER PROVIDED FOR NOTICES IN SECTION 9.09 OF THE CREDIT AGREEMENT. NOTHING IN THIS SUPPLEMENT OR THE SECURITY AGREEMENT WILL AFFECT THE RIGHT OF ANY PARTY HERETO TO SERVE PROCESS IN ANY
OTHER MANNER PERMITTED BY APPLICABLE LEGAL REQUIREMENT. 
 (b)    [THE NEW GRANTOR][EACH SPECIFIC GRANTOR]
irrevocably and unconditionally waives, to the fullest extent permitted by applicable Legal Requirement, any objection that it may now or hereafter have to the laying of venue of any action or proceeding arising out of or relating to this
Supplement, the Security Agreement or any other Loan Document in any court referred to in Section 14 (a). Each of the parties hereto hereby irrevocably waives, to the fullest extent permitted by applicable Legal Requirement, the defense of an
inconvenient forum to the maintenance of such action or proceeding in any such court. 
 Annex 1 to Pledge and Security Agreement 

 THIS SUPPLEMENT, THE SECURITY 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 HERETO. 

[Signature page follows.] 
 Annex
1 to Pledge and Security Agreement 

 IN WITNESS WHEREOF, the [New Grantor][ Specific Grantors] and the Collateral Agent have duly
executed this Supplement to the Security Agreement as of the day and year first above written. [SIGNATURE PAGES FOLLOW] 
  

			
	 [Name of New Grantor],

		
	 By:
	 	 
	 Name:
	 	 
	 Title:
	 	 
		
	 Address:
	 	 
		 	 
		 	 
	
	 [Name of Existing Grantor],

		
	 By:
	 	 
	 Name:
	 	 
	 Title:
	 	 
	
	 JEFFERIES FINANCE LLC,

as Collateral Agent

		
	 By:
	 	 
	 Name:
	 	 
	 Title:
	 	 

 Annex 1 to Pledge and Security Agreement 

 SCHEDULES TO SUPPLEMENT NO. 1 

[AS APPROPRIATE] 
 Annex 1 to
Pledge and Security Agreement

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00275-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00275-of-00352.parquet"}]]