Document:

EX-4.1

 Exhibit 4.1 

Execution Version 
  

 
 CHENIERE CORPUS CHRISTI HOLDINGS,
LLC, 
 as Issuer, 
 and 

CORPUS CHRISTI LIQUEFACTION, LLC, 

CHENIERE CORPUS CHRISTI PIPELINE, L.P., and 

CORPUS CHRISTI PIPELINE GP, LLC, 

as Guarantors, 
 AND EACH
GUARANTOR THAT MAY BECOME PARTY HERETO 
  
  

INDENTURE 
 Dated as of
August 20, 2020 
  
  

The Bank of New York Mellon, 
 as
Trustee 
  
  

 TABLE OF CONTENTS 
  

							
	 Article 1 DEFINITIONS AND INCORPORATION BY REFERENCE
	  	 	6	 
			
	 Section 1.01
	  	Definitions	  	 	6	 
	 Section 1.02
	  	Other Definitions	  	 	34	 
	 Section 1.03
	  	[Reserved]	  	 	36	 
	 Section 1.04
	  	Rules of Construction	  	 	36	 
		
	 Article 2 THE NOTES
	  	 	37	 
			
	 Section 2.01
	  	Form and Dating	  	 	37	 
	 Section 2.02
	  	Interest and Principal on the Notes	  	 	38	 
	 Section 2.03
	  	Adjustment to Payment Schedule	  	 	38	 
	 Section 2.04
	  	Execution and Authentication	  	 	38	 
	 Section 2.05
	  	Registrar and Paying Agent	  	 	39	 
	 Section 2.06
	  	Paying Agent to Hold Money in Trust	  	 	39	 
	 Section 2.07
	  	Holder Lists	  	 	39	 
	 Section 2.08
	  	Transfer and Exchange	  	 	39	 
	 Section 2.09
	  	Replacement Notes	  	 	43	 
	 Section 2.10
	  	Outstanding Notes	  	 	43	 
	 Section 2.11
	  	Treasury Notes	  	 	44	 
	 Section 2.12
	  	Temporary Notes	  	 	44	 
	 Section 2.13
	  	Cancellation	  	 	44	 
	 Section 2.14
	  	Defaulted Interest	  	 	45	 
		
	 Article 3 REDEMPTION AND OFFERS TO PURCHASE NOTES
	  	 	45	 
			
	 Section 3.01
	  	Notices to Trustee	  	 	45	 
	 Section 3.02
	  	Selection of Notes to Be Redeemed	  	 	45	 
	 Section 3.03
	  	Notice of Redemption	  	 	46	 
	 Section 3.04
	  	Effect of Notice of Redemption	  	 	47	 
	 Section 3.05
	  	Deposit of Redemption or Purchase Price	  	 	47	 
	 Section 3.06
	  	Notes Redeemed in Part	  	 	47	 
	 Section 3.07
	  	Optional Redemption	  	 	47	 
	 Section 3.08
	  	Open Market Purchases; No Mandatory Redemption or Sinking Fund	  	 	49	 
	 Section 3.09
	  	 Offer to Purchase by Application of Excess Proceeds, Excess Loss Proceeds, PLD Excess Proceeds
and LNG SPA Mandatory Offer Amount
	  	 	49	 
	 Section 3.10
	  	Allocation of Partial Redemptions	  	 	52	 
		
	 Article 4 COVENANTS
	  	 	52	 
			
	 Section 4.01
	  	Payment of Notes	  	 	52	 
	 Section 4.02
	  	Maintenance of Office or Agency	  	 	52	 
	 Section 4.03
	  	Reporting Requirements	  	 	53	 
	 Section 4.04
	  	Compliance Certificate	  	 	55	 
	 Section 4.05
	  	Taxes	  	 	55	 
	 Section 4.06
	  	Restricted Payments	  	 	55	 

  
 1 

							
	 Section 4.07
	 	Dividend and Other Payment Restrictions Affecting Subsidiaries	  	 	56	 
	 Section 4.08
	 	Limitation on Indebtedness	  	 	57	 
	 Section 4.09
	 	Incurrence of Senior Debt	  	 	60	 
	 Section 4.10
	 	Permitted Development Expenditures	  	 	63	 
	 Section 4.11
	 	Expansions	  	 	63	 
	 Section 4.12
	 	Asset Sales	  	 	66	 
	 Section 4.13
	 	Transactions with Affiliates	  	 	68	 
	 Section 4.14
	 	Liens	  	 	69	 
	 Section 4.15
	 	Nature of Business	  	 	69	 
	 Section 4.16
	 	Maintenance of Existence	  	 	70	 
	 Section 4.17
	 	Change of Control	  	 	70	 
	 Section 4.18
	 	[Reserved]	  	 	72	 
	 Section 4.19
	 	Events of Loss	  	 	72	 
	 Section 4.20
	 	Performance Liquidated Damages	  	 	73	 
	 Section 4.21
	 	LNG SPA Mandatory Offer	  	 	75	 
	 Section 4.22
	 	Access	  	 	77	 
	 Section 4.23
	 	Insurance	  	 	77	 
	 Section 4.24
	 	Compliance with Law	  	 	78	 
	 Section 4.25
	 	[Reserved]	  	 	78	 
	 Section 4.26
	 	Material Project Agreements	  	 	78	 
	 Section 4.27
	 	Customary Lifting and Balancing Arrangements	  	 	78	 
	 Section 4.28
	 	Sharing of Project Facilities	  	 	79	 
	 Section 4.29
	 	LNG SPA Maintenance	  	 	81	 
	 Section 4.30
	 	Amendment of LNG SPAs	  	 	82	 
	 Section 4.31
	 	Sale of Supplemental Quantities	  	 	82	 
	 Section 4.32
	 	Export Authorizations	  	 	83	 
	 Section 4.33
	 	FERC Order	  	 	83	 
	 Section 4.34
	 	[Reserved]	  	 	83	 
	 Section 4.35
	 	Project Construction; Maintenance of Properties	  	 	83	 
	 Section 4.36
	 	Maintenance of Liens	  	 	83	 
	 Section 4.37
	 	Credit Rating Agencies	  	 	84	 
	 Section 4.38
	 	Additional Note Guarantees	  	 	84	 
	 Section 4.39
	 	Designation of Restricted and Unrestricted Subsidiaries	  	 	84	 
	 Section 4.40
	 	Separateness	  	 	85	 
	 Section 4.41
	 	Use of Proceeds	  	 	86	 
	 Section 4.42
	 	Payments for Consents	  	 	87	 
	 Section 4.43
	 	[Reserved]	  	 	87	 
	 Section 4.44
	 	Economic Sanctions	  	 	87	 
	 Section 4.45
	 	Books and Records	  	 	88	 
		
	 Article 5 SUCCESSORS
	  	 	88	 
			
	 Section 5.01
	 	Merger, Liquidation, Sale of All Assets	  	 	88	 
	 Section 5.02
	 	Successor Corporation Substituted	  	 	89	 

  
 2 

							
	 Article 6 DEFAULTS AND REMEDIES
	  	 	90	 
			
	 Section 6.01
	 	Events of Default	  	 	90	 
	 Section 6.02
	 	Declaration of Declared Event of Default	  	 	94	 
	 Section 6.03
	 	Acceleration	  	 	94	 
	 Section 6.04
	 	Waivers of Defaults and Acceleration	  	 	94	 
	 Section 6.05
	 	Remedies of Holders	  	 	95	 
	 Section 6.06
	 	Control by Majority	  	 	95	 
	 Section 6.07
	 	Rights of Holders to Receive Payment	  	 	95	 
	 Section 6.08
	 	Collection Suit by Trustee	  	 	96	 
	 Section 6.09
	 	Trustee May File Proofs of Claim	  	 	96	 
	 Section 6.10
	 	Priorities	  	 	96	 
	 Section 6.11
	 	Undertaking for Costs	  	 	97	 
		
	 Article 7 TRUSTEE
	  	 	98	 
			
	 Section 7.01
	 	Duties of Trustee	  	 	98	 
	 Section 7.02
	 	Rights of Trustee	  	 	99	 
	 Section 7.03
	 	Individual Rights of Trustee	  	 	101	 
	 Section 7.04
	 	Trustee’s Disclaimer	  	 	101	 
	 Section 7.05
	 	Notice of Defaults	  	 	101	 
	 Section 7.06
	 	[Reserved]	  	 	102	 
	 Section 7.07
	 	Compensation and Indemnity	  	 	102	 
	 Section 7.08
	 	Replacement of Trustee	  	 	103	 
	 Section 7.09
	 	Successor Trustee by Merger, etc.	  	 	104	 
	 Section 7.10
	 	Eligibility; Disqualification	  	 	104	 
	 Section 7.11
	 	[Reserved]	  	 	104	 
	 Section 7.12
	 	Authorization to Enter Into Accession Agreement	  	 	104	 
	 Section 7.13
	 	Trustee Protective Provisions	  	 	104	 
		
	 Article 8 LEGAL DEFEASANCE AND COVENANT DEFEASANCE
	  	 	104	 
			
	 Section 8.01
	 	Option to Effect Legal Defeasance or Covenant Defeasance	  	 	104	 
	 Section 8.02
	 	Legal Defeasance and Discharge	  	 	105	 
	 Section 8.03
	 	Covenant Defeasance	  	 	105	 
	 Section 8.04
	 	Conditions to Legal or Covenant Defeasance	  	 	106	 
	 Section 8.05
	 	Deposited Money and Government Securities to be Held in Trust; Other Miscellaneous Provisions	  	 	107	 
	 Section 8.06
	 	Repayment to Company	  	 	108	 
	 Section 8.07
	 	Reinstatement	  	 	108	 
		
	 Article 9 AMENDMENT, SUPPLEMENT AND WAIVER
	  	 	108	 
			
	 Section 9.01
	 	Without Consent of Holders	  	 	108	 
	 Section 9.02
	 	With Consent of Holders	  	 	109	 
	 Section 9.03
	 	Decisions under Other Finance Documents	  	 	111	 
	 Section 9.04
	 	[Reserved]	  	 	112	 
	 Section 9.05
	 	Revocation and Effect of Consents	  	 	112	 
	 Section 9.06
	 	Notation on or Exchange of Notes	  	 	112	 
	 Section 9.07
	 	Trustee to Sign Amendments, etc.	  	 	112	 

  
 3 

							
	 Article 10 COLLATERAL AND SECURITY
	  	 	113	 
			
	 Section 10.01
	 	Security	  	 	113	 
	 Section 10.02
	 	Security Documents	  	 	113	 
	 Section 10.03
	 	Collateral	  	 	113	 
	 Section 10.04
	 	Release of Security Interests	  	 	114	 
	 Section 10.05
	 	Release of Collateral	  	 	114	 
	 Section 10.06
	 	Certificates of the Company	  	 	114	 
	 Section 10.07
	 	Certificates of the Trustee	  	 	114	 
	 Section 10.08
	 	Termination of Security Interest	  	 	115	 
		
	 Article 11 NOTE GUARANTEES
	  	 	115	 
			
	 Section 11.01
	 	Note Guarantee	  	 	115	 
	 Section 11.02
	 	Limitation on Guarantor Liability	  	 	116	 
	 Section 11.03
	 	Execution and Delivery of Note Guarantee Notation	  	 	116	 
	 Section 11.04
	 	Guarantors May Consolidate, etc., on Certain Terms	  	 	117	 
	 Section 11.05
	 	Releases	  	 	118	 
		
	 Article 12 SATISFACTION AND DISCHARGE
	  	 	119	 
			
	 Section 12.01
	 	Satisfaction and Discharge	  	 	119	 
	 Section 12.02
	 	Application of Trust Money	  	 	120	 
		
	 Article 13 MISCELLANEOUS
	  	 	120	 
			
	 Section 13.01
	 	[Reserved]	  	 	120	 
	 Section 13.02
	 	Notices	  	 	120	 
	 Section 13.03
	 	[Reserved]	  	 	122	 
	 Section 13.04
	 	Certificate and Opinion as to Conditions Precedent	  	 	122	 
	 Section 13.05
	 	Statements Required in Certificate or Opinion	  	 	122	 
	 Section 13.06
	 	Rules by Trustee and Agents	  	 	123	 
	 Section 13.07
	 	No Personal Liability of Directors, Officers, Employees and Stockholders	  	 	123	 
	 Section 13.08
	 	Governing Law; Waiver of Jury Trial; Jurisdiction	  	 	123	 
	 Section 13.09
	 	No Adverse Interpretation of Other Agreements	  	 	124	 
	 Section 13.10
	 	Successors	  	 	124	 
	 Section 13.11
	 	Severability	  	 	124	 
	 Section 13.12
	 	Counterpart Originals	  	 	124	 
	 Section 13.13
	 	Trustee’s Receipt of Funds to the Extent not Required to be Applied to Payment of the Notes	  	 	125	 
	 Section 13.14
	 	Table of Contents, Headings, etc.	  	 	125	 
	 Section 13.15
	 	Electronic Execution of Documents	  	 	125	 

  
 4 

 EXHIBITS 
  

			
	Appendix A	  	PAYMENT SCHEDULE
		
	Exhibit A	  	FORM OF NOTE
	Exhibit B	  	FORM OF CERTIFICATE OF TRANSFER
	Exhibit C	  	FORM OF CERTIFICATE OF EXCHANGE
	Exhibit D	  	FORM OF NOTATION OF GUARANTEE
	Exhibit E	  	FORM OF SUPPLEMENTAL INDENTURE
	Exhibit F	  	[RESERVED]
	Exhibit G	  	FORM OF CERTIFICATE OF ACQUIRING INSTITUTIONAL ACCREDITED INVESTOR
	Exhibit H	  	[RESERVED]
	Exhibit I	  	FORM OF SUBORDINATION AGREEMENT

  
 5 

 INDENTURE, dated as of August 20, 2020 among Cheniere Corpus Christi Holdings, LLC, a
Delaware limited liability company (the “Company”), Corpus Christi Liquefaction, LLC (“CCL”), Cheniere Corpus Christi Pipeline, L.P. (“CCP”), Corpus Christi Pipeline GP, LLC (“CCP
GP”) and any other Guarantors (as defined herein) that may become a party hereto from time to time, and The Bank of New York Mellon, as Trustee. 

The Company, the Guarantors and the Trustee agree as follows for the benefit of each other and for the equal and ratable benefit of the
Holders (as defined herein) of Notes (as defined herein). 
 ARTICLE 1 

DEFINITIONS AND INCORPORATION 
 BY
REFERENCE 
 Section 1.01 Definitions. 

“Abandonment” has the meaning given in Schedule A of the CSAA. 

“Acceptable Bank” has the meaning given in Schedule A of the CSAA. 

“Acceptable Debt Service Reserve LC” has the meaning given in Schedule A of the CSAA. 

“Acceptable Rating Agency” means S&P, Fitch, Moody’s, or any other “nationally recognized statistical rating
organization” registered with the SEC, including any successor to S&P, Fitch or Moody’s. 
 “Account” has the
meaning given in Schedule A of the CSAA. 
 “Account Bank” has the meaning given in Schedule A of the CSAA.

 “Additional Proceeds Prepayment Account” has the meaning given in Schedule A of the CSAA. 

“Additional Senior Debt” has the meaning given in Schedule A of the CSAA. 

“Affiliate” has the meaning given in Schedule A of the CSAA. 

“Agent” means any Registrar, co-registrar, Paying Agent or additional paying agent.

 “Applicable Law” means, except as the context may otherwise require, all applicable laws (including common law), rules,
regulations, ordinances, judgments, decrees, injunctions, writs and orders of any Governmental Authority. 
 “Asset Sale”
means: 
  

	 	(a)	 the sale, lease, conveyance or other disposition of any assets or rights; provided that the sale, lease,
conveyance or other disposition of all or substantially all of the assets of the Company and its Restricted Subsidiaries taken as a whole will be governed by the provisions of Section 5.01 and not by the provisions of
Section 4.12; and 

  
 6 

	 	(b)	 the issuance of Equity Interests in any of the Company’s Subsidiaries or the sale of Equity Interests in
any of its Subsidiaries. 

 Notwithstanding the preceding, none of the following items will be deemed to be an Asset Sale: 

 

	 	(i)	 any single transaction or series of related transactions that involves assets having a Fair Market Value of
less than $50,000,000; 

  

	 	(ii)	 a transfer of assets between or among the Company and/or its Restricted Subsidiaries; 

 

	 	(iii)	 dispositions in compliance with any applicable court or governmental order; 

 

	 	(iv)	 an issuance of Equity Interests by a Restricted Subsidiary to the Company or to any other Restricted
Subsidiary; 

  

	 	(v)	 the sale, lease or other disposition of (A) products, services, inventory or accounts receivable in the
ordinary course of business or (B) obsolete, superfluous or replaced assets, or assets that are not, or cease to be, necessary for the construction and operation of the Development; 

 

	 	(vi)	 the sale, transfer or other disposition of cash or Authorized Investments; 

 

	 	(vii)	 the settlement, release, waiver or surrender of contract, tort or other claims in the ordinary course of
business or a grant of a Lien not prohibited by this Indenture; 

  

	 	(viii)	 a Restricted Payment made in accordance with this Indenture, a Permitted Investment or a Permitted Payment;

  

	 	(ix)	 the sale or other disposition of LNG (or other commercial products); 

 

	 	(x)	 the sale of Gas in the ordinary course of business; 

 

	 	(xi)	 the sale or other disposition of Permitted Investments; 

 

	 	(xii)	 the sale of liquefaction and other services in the ordinary course of business; 

 

	 	(xiii)	 the sale of any LNG related to additional liquefaction trains developed by the Company; 

 

	 	(xiv)	 the transfer or novation of Permitted Hedging Instruments in accordance with the Finance Documents;

  

	 	(xv)	 conveyance of gas interconnection or metering facilities to gas transmission companies and conveyance of
electricity substations to electricity providers pursuant to its electricity purchase arrangements for operating the Project Facilities; 

  
 7 

	 	(xvi)	 any transaction or series of transactions permitted by Section 4.27 or
Section 4.28; 

  

	 	(xvii)	 any single transaction or series of related transactions pursuant to the terms of an agreement existing on the
Notes Issue Date; and 

  

	 	(xviii)	 sale, lease, conveyance or other disposition of any assets or rights pursuant to Sharing Arrangements permitted
by Section 4.28. 

 “Authorized Investments” has the meaning given in
Schedule A of the CSAA. 
 “Authorized Officer” has the meaning given in Schedule A of the CSAA. 

“Bankruptcy” has the meaning given in Schedule A of the CSAA. 

“Bankruptcy Code” has the meaning given in Schedule A of the CSAA. 

“Bankruptcy Law” means the Bankruptcy Code and any other state or federal insolvency, reorganization, moratorium or similar
law for the relief of debtors. 
 “Base Committed Quantity” means not less than 554,067,500 MMBtu per annum, being the
quantity of LNG contracted to be sold at plateau production pursuant to the Initial LNG SPAs and the Second Phase LNG SPAs as at the Notes Issue Date; provided, in each case, that following the full payment of the required amount upon any LNG
SPA Mandatory Prepayment and/or LNG SPA Mandatory Offer, the Base Committed Quantity will be reduced to the quantity of LNG contracted to be sold at plateau production pursuant to the Qualifying LNG SPAs used to calculate the amount of Senior Debt
that the Company is not required to repay upon an Indenture LNG SPA Prepayment Event under Section 4.21; provided further that upon incurrence of any Expansion Senior Debt, the Base Committed Quantity shall be
increased to take into account the quantity of LNG contracted to be sold at plateau production pursuant to the Qualifying LNG SPAs that have been taken into account in order to incur such Expansion Senior Debt, with such increase becoming effective
at financial close of such Expansion Senior Debt. 
 “Bechtel” means Bechtel Oil, Gas and Chemicals, Inc. 

“Board of Directors” means: 
  

	 	(a)	 with respect to a corporation, the board of directors of the corporation or any committee thereof duly
authorized to act on behalf of such board; 

  

	 	(b)	 with respect to a partnership, the board of directors, members or managers of the general partner of the
partnership; 

  
 8 

	 	(c)	 with respect to a limited liability company, the managing member or members or managers or any controlling
committee of managing members or managers thereof; and 

  

	 	(d)	 with respect to any other Person, the board, managers or committee of such Person serving a similar function.

 “Business Day” has the meaning given in Schedule A of the CSAA. 

“Business Interruption Insurance Proceeds” has the meaning given in Schedule A of the CSAA. 

“Calculation Date” means the last day of the month immediately preceding the date on which a Restricted Payment is made. 

“Calculation Period” means, on any Calculation Date, for purposes of calculating Historical DSCR or Projected Fixed DSCR in
connection with a Restricted Payment: 
  

	 	(a)	 in the case of Historical DSCR, the period commencing 12 months prior to, and ending on, the applicable
Calculation Date; provided that prior to the first anniversary of Substantial Completion of Train Two under the EPC Contract (T1/T2), the Calculation Period shall mean the period beginning on the first day of the first full month following
Substantial Completion of Train Two under EPC Contract (T1/T2), and ending on the Calculation Date; and 

  

	 	(b)	 in the case of Projected Fixed DSCR, the period commencing on the first day after the applicable Calculation
Date through the following 12 month period (with such ratio being calculated on a pro forma basis giving effect to such Restricted Payment). 

“Capital Stock” means: 
  

	 	(a)	 in the case of a corporation, corporate stock or shares in the capital of such corporation;

  

	 	(b)	 in the case of an association or business entity, any and all shares, interests, participations, rights or
other equivalents (however designated) of corporate stock; 

  

	 	(c)	 in the case of a partnership or limited liability company, partnership interests (whether general or limited or
membership interests (however designated)); and 

  

	 	(d)	 any other interest or participation that confers on a Person the right to receive a share of the profits and
losses of, or distributions of assets of, the issuing Person; 

 provided that any instrument evidencing Indebtedness convertible
or exchangeable into Capital Stock, whether or not such instrument includes any right of participation with Capital Stock, shall not be deemed to be Capital Stock unless and until such instrument is so converted or exchanged. 

  
 9 

 “Cash Flow” means, with respect to any period, all funds received or, as
applicable in the relevant context, projected to be received by the Obligors during such period, including: 
  

	 	(a)	 fees and other amounts received by CCL under the LNG SPAs; 

 

	 	(b)	 earnings on funds held in the Secured Accounts (excluding interest and investment earnings that accrue on the
amounts on deposit in any of the Senior Debt Service Reserve Account or any account established to prefund interest on any Senior Debt, if any, in any case, that are not transferred to the Revenue Account pursuant to the CSAA);

  

	 	(c)	 any amounts deposited in the Insurance/Condemnation Proceeds Account to the extent applied to the payment of
Operation and Maintenance Expenses or Project Costs in accordance with Article 5 of the CSAA; 

  

	 	(d)	 all cash paid to the Obligors during such period as Business Interruption Insurance Proceeds;

  

	 	(e)	 proceeds from the transfer, sale or disposition of assets or rights of the Obligors in the ordinary course of
business in accordance with Section 12.17 of the Common Terms Agreement (other than as set forth in sub-clause (iii) below) to the extent such proceeds have been or will be used
to pay Operation and Maintenance Expenses; 

  

	 	(f)	 amounts paid under any Material Project Agreement; 

 

	 	(g)	 amounts received under Permitted Hedging Instruments other than in respect of interest rates;

  

	 	(h)	 solely with respect to calculation of Historical DSCR, (I) all cash paid to the Company and/or its
Restricted Subsidiaries during the applicable period from any direct or indirect owner of the Company and/or its Restricted Subsidiaries by way of equity contribution or Subordinated Debt (as permitted pursuant to the terms of the Senior Debt
Instruments then in effect) and (II) in the case of the first Restricted Payment made after the expiry or termination of any period during which the making of Restricted Payments has been restricted, any cash then on deposit in the Secured
Accounts (without double counting any other amounts of Cash Flow taken into account in the calculation of the Historical DSCR); and 

  

	 	(i)	 with respect to calculation of Projected Fixed DSCR for any purpose other than such calculation under
Section 4.06(b), any cash projected to be on deposit in the Secured Accounts at the commencement of the such period as a result of a restriction on making of Restricted Payments applicable prior to such period;

 but excluding, in each case: 
  

	 	(i)	 all amounts required to be deposited in the Insurance/Condemnation Proceeds Account used to reimburse Equity
Funding; 

  
 10 

	 	(ii)	 proceeds of third-party liability insurance; 

 

	 	(iii)	 proceeds from the sale, lease or other disposition of obsolete, superfluous or replaced assets, or assets that
are not, or cease to be, necessary for the construction and operation of the Development, as described in sub-clause (B) of clause (v) under the definition of “Asset Sale” hereunder and
dispositions of Project Property if an Obligor replaces such Project Property within one hundred and eighty (180) days following such disposition or has obtained a commitment to replace such Project Property within one hundred and eighty
(180) days following such disposition and replaces such Project Property within two hundred and seventy (270) days following such disposition; and 

  

	 	(iv)	 proceeds of Senior Debt and other Indebtedness (and corresponding amounts received by the Obligors pursuant to
any guarantees) permitted by this Indenture in Section 4.08 other than amounts received under Permitted Hedging Instruments included under clause (g) above; and 

 

	 	(v)	 except as provided in clause (h) above, Equity Funding received from the Sponsor or any direct or indirect
holders of equity interests of the Company; and any cash deposited into the Additional Proceeds Prepayment Account. 

“Cash Flow Available for Debt Service” means for any period, the amount that is equal to (a) Cash Flow minus
(b) Operation and Maintenance Expenses, in each case for such period; provided that Operation and Maintenance Expenses included in the calculation of Historical DSCR and Projected Fixed DSCR will exclude (i) that portion of
Operation and Maintenance Expenses arising prior to the Project Completion Date that are Project Costs and, in the case of an Expansion, arising prior to the completion date of such Expansion and that are
pre-completion project costs of such Expansion, (ii) that portion of Operation and Maintenance Expenses that are Required Capital Expenditures and (iii) Operation and Maintenance Expenses arising
from and after the Project Completion Date or the completion date of an Expansion, as applicable, relating to expenditure on items that were, as of the Project Completion Date or the completion date of such Expansion, as applicable, outstanding or
punch list items under the EPC Contract (T1/T2) or Expansion engineering, procurement and/or construction contract that are paid out of Senior Debt or Equity Funding. 

“Catastrophic Casualty Event” means any Event of Loss where Insurance Proceeds or Condemnation Proceeds are received in an
aggregate amount for a single loss or related series of losses exceeding $500,000,000. 
 “CCL” has the meaning set forth
in the recitals hereto. 
 “CCP” has the meaning set forth in the recitals hereto. 

“CCP Construction Contract” has the meaning given in Schedule A of the CSAA. 

“CCP GP” has the meaning set forth in the recitals hereto. 

  
 11 

 “CCP Pipeline Precedent Agreement” has the meaning given in
Schedule A of the CSAA. 
 “CEI Equity Contribution Agreement” has the meaning given in Schedule A of the
CSAA. 
 “Change of Control” means the Sponsor and its Affiliates together (a) at any time prior to the Project
Completion Date shall fail to own, directly or indirectly in the aggregate, more than 50% of the equity ownership interests in the Company, or control, directly or indirectly, more than 50% of the aggregate ordinary voting power of the Company, or
(b) on or following the Project Completion Date shall fail to control, directly or indirectly, more than 50% of the aggregate ordinary voting power in the Company. 

“Change of Control Triggering Event” means the occurrence of a Change of Control; provided that, on and following the
Project Completion Date, a Change of Control shall not be deemed to have occurred if the Company shall have received letters from any two Acceptable Rating Agencies (or if only one Acceptable Rating Agency is then rating the Notes, the Company shall
have received a letter from that Acceptable Rating Agency) to the effect that the Acceptable Rating Agency has considered the contemplated Change of Control and that, if such event occurs, such Acceptable Rating Agency would reaffirm the then
current rating of the Notes as of the date of such event. 
 “CMI (UK) LNG SPAs” has the meaning given in Schedule A
of the CSAA. 
 “CMI Export Authorization Letter” has the meaning given in Schedule A of the CSAA. 

“Collateral” means any property right or interest subject to a Security Interest. 

“Common Terms Agreement” has the meaning given in Schedule A of the CSAA. 

“Company” has the meaning set forth in the recitals hereto. 

“Condemnation Proceeds” has the meaning given in Schedule A of the CSAA. 

“Constitutional Documents” means certificates of formation, limited liability company agreements, partnership agreements,
certificates of incorporation, bylaws or any similar entity organizational or constitutive document. 
 “Construction
Account” has the meaning given in Schedule A of the CSAA. 
 “Continuing” (including, with its
corresponding meaning, the terms “Continuance” and “Continuation”) means: 
  

	 	(a)	 with respect to a Declared Event of Default, that such default has occurred without the need for declaration,
or been declared by the Trustee in conformity with the requirements of this Indenture, and no Cessation Notice shall have been given with respect thereto; 

  

	 	(b)	 with respect to any Unmatured Event of Default, that such unmatured default has occurred and has not been
waived or cured; and 

  
 12 

	 	(c)	 with respect to any Event of Default, that such event of default has occurred and has not been declared, waived
or cured. 

 “Corporate Trust Office” means the office of the Trustee at which at any particular time its
corporate trust business in Pittsburgh, Pennsylvania shall be principally administered, which office as of the date of this instrument is located at the address specified in Section 13.02, except that with respect to
presentation of Notes for payment or for registration of transfer or exchange, such term shall mean the office or agency of the Trustee at which at any particular time its corporate agency business shall be conducted, which office at the date
of this instrument is located at 240 Greenwich Street, New York, New York 10286; Attention: Corporate Trust Division—Corporate Finance Unit, or, in the case of any of such offices or agency, such other address as the Trustee may designate from
time to time by notice to the Company. 
 “Corpus Christi Pipeline” has the meaning given in Schedule A of the CSAA.

 “Corpus Christi Terminal Facility” has the meaning given in Schedule A of the CSAA. 

“Covered Modification” means any modification, consent or waiver under any Finance Document requiring the vote of the Trustee
as a Senior Creditor Group Representative, including, for the avoidance of doubt, those set forth in Section 7.2(a), Section 7.2(b), and Section 7.2(c) of the CSAA. 

“CSAA” means the Amended and Restated Common Security and Account Agreement, dated as of May 22, 2018 (as amended by the
First Amendment, dated as of November 28, 2018 and the Second Amendment, dated as of August 30, 2019), among the Company as the Borrower, the Guarantors, each Senior Creditor Group Representative on its own behalf and on behalf of the
relevant Senior Creditor Group, the Intercreditor Agent, the Security Trustee and the Account Bank. 
 “Date of First Commercial
Delivery” has the meaning given in the applicable LNG SPA, and includes the dates described as the “Corpus Christi T3 Completion Date” in the Trafigura LNG SPA and the “Designated Train SC Date” under the PetroChina FOB
LNG SPA and the DES-Linked LNG SPA. 
 “Decision” has the meaning given in
Schedule A of the CSAA. 
 “Definitive Note” means a certificated Note registered in the name of the Holder thereof,
issued in accordance with Section 2.08, and substantially in the form of Exhibit A. 
 “DES-Linked LNG SPA” has the meaning given in Schedule A of the CSAA. 

“Development” means the financing, development, acquisition, ownership, occupation, construction, equipping, testing, repair,
operation, maintenance and use of the Project Facilities and the purchase, storage and sale of Gas and the storage and sale of LNG, the export of LNG from the Project Facilities (and, if the Company so elects, the import of LNG to the extent any
Obligor has all necessary Permits therefor), the transportation of Gas to the Project Facilities by third parties, and the sale of other services or other products or by-products of the Project Facilities and
all activities incidental thereto, in each case in accordance with the Transaction Documents. 

  
 13 

 
“Develop” and “Developed” shall have corresponding meanings. For the avoidance of doubt, any Trains other than Train One, Train Two and Train Three shall not be
part of the Development and any facilities related thereto shall not be part of the Project Facilities for purposes of the Finance Documents unless and until the development of such other Trains has been undertaken pursuant to an Expansion otherwise
permitted under the Finance Documents. 
 “Development Expenditures” means, for any period, the aggregate amount of all
expenditures of the Obligors payable during such period that, in accordance with GAAP, are or should be included in “purchase of property, plant and equipment” or similar items reflected in the consolidated statement of cash flows of the
Obligors. 
 “Direct Agreements” has the meaning given in Schedule A of the CSAA. 

“Disqualified Stock” means any Capital Stock that, by its terms (or by the terms of any security into which it is
convertible, or for which it is exchangeable, in each case, at the option of the holder of the Capital Stock), or upon the happening of any event, matures or is mandatorily redeemable, pursuant to a sinking fund obligation or otherwise, or
redeemable at the option of the holder of the Capital Stock, in whole or in part, on or prior to the date that is ninety-one (91) days after the date on which the Notes mature. Notwithstanding the
preceding sentence, any Capital Stock that would constitute Disqualified Stock solely because the holders of the Capital Stock have the right to require the Company to repurchase such Capital Stock upon the occurrence of a change of control or an
asset sale will not constitute Disqualified Stock if the terms of such Capital Stock provide that the Company may not repurchase or redeem any such Capital Stock pursuant to such provisions unless such repurchase or redemption complies with the
requirements of Section 4.06. The amount of Disqualified Stock deemed to be outstanding at any time for purposes of this Indenture will be the maximum amount that the Obligors may become obligated to pay upon the maturity
of, or pursuant to any mandatory redemption provisions of, such Disqualified Stock, exclusive of accrued dividends. 
 “Domestic
Subsidiary” means any Restricted Subsidiary of the Company that was formed under the laws of the United States or any state of the United States or the District of Columbia or that guarantees or otherwise provides direct credit support for
any Indebtedness of the Company. 
 “EPC Contract (T1/T2)” has the meaning given in Schedule A of the CSAA. 

“EPC Contract (T3)” has the meaning given in Schedule A of the CSAA. 

“Equity Funding” means contributions made to the Company in the form of (a) (i) Subordinated Debt, (ii) equity
funding from a direct or indirect shareholder, (iii) payment of costs in respect of the Development prior to the Signing Date, (iv) Cash Flow applied or committed to be applied towards Project Costs prior to the Project Completion Date(v)
Cash Flow applied or committed to be applied to Development Expenditure that is not committed to fund development of Project Costs, and (vi) following the Project Completion Date, Cash Flows applied towards other capital expenditures in respect
of the Project Facilities; provided that such Cash Flows following the Project Completion Date would qualify to be distributed as Restricted Payments based on meeting the conditions set forth in Section 4.06 hereof
or are otherwise eligible to be used for Required Capital Expenditures, (b) in-kind contributions of real property up to 

  
 14 

 
$51,000,000 as set forth in an appraisal provided by the Obligors, (c) additional in-kind contribution of real property up to $28,000,000 (which is
based on the price paid to acquire such real property in arms’-length transactions with third parties) and $3,000,000 related to transaction fees and expenses and labor costs allocated to the Obligors with respect to activities related to
Second Phase Development and (d) contributions of early works and pre-construction activities with respect to Train Three of $280,000,000 contributed to CCL pursuant to the Early Works Equity Contribution
Agreement, dated as of December 12, 2017, between the Company and the Sponsor, and an assignment to CCL of the technical services agreement, dated as of June 23, 2017, between Corpus Christi Liquefaction Stage II, LLC and Bechtel Oil, Gas
and Chemicals, Inc. 
 “Equity Interests” means, with respect to any Person, any of the shares of Capital Stock of such
Person, all of the warrants, options or other rights for the purchase or acquisition from such Person of shares of Capital Stock of such Person, all of the securities convertible into or exchangeable for shares of Capital Stock of such Person or
warrants, rights or options for the purchase or acquisition from such Person of such shares, and all of the other ownership or profit interests in such Person (including partnership, member or trust interests therein), whether voting or non-voting, and whether or not such shares, warrants, options or rights are outstanding on any date of determination, in each such case including all voting rights and economic rights related thereto. 

“Event of Loss” means any event that causes Project Property, or any portion thereof, to be damaged, destroyed or rendered
unfit for normal use for any reason whatsoever, and shall include an Event of Taking. 
 “Event of Taking” has the meaning
given in Schedule A of the CSAA. 
 “Exchange Act” means the Securities Exchange Act of 1934, as amended. 

“Export Authorization” has the meaning given in Schedule A of the CSAA. 

“External Train” means one or more Trains, and related storage, loading and other ancillary infrastructure, if any,
constructed at or adjacent to the site of, the Development and is not owned by the Company or a Restricted Subsidiary. 
 “External
Train Entity” means the entity undertaking development of the External Train. 
 “Facility Agent” has the meaning
given in Schedule A of the CSAA. 
 “Facility Agreements” has the meaning given in Schedule A of the CSAA.

 “Facility Debt Commitment” has the meaning given in Schedule A of the CSAA. 

“Facility Lenders” has the meaning given in Schedule A of the CSAA. 

“Fair Market Value” means the value that would be paid by a willing buyer to an unaffiliated willing seller in a transaction
not involving distress or necessity of either party, determined in good faith by the Board of Directors of the Company (unless otherwise provided in this Indenture). 

  
 15 

 “FERC” means the U.S. Federal Energy Regulatory Commission. 

“FERC Order” has the meaning given in Schedule A of the CSAA. 

“Finance Documents” has the meaning given in Schedule A of the CSAA; provided that such term shall include any
other document designated as a Finance Document by the Company and the Security Trustee (on instruction from Requisite Secured Parties). 

“Fitch” has the meaning given in Schedule A of the CSAA. 

“FTA Authorization” has the meaning given in Schedule A of the CSAA. 

“GAAP” has the meaning given in Schedule A of the CSAA. 

“Gas” has the meaning given in Schedule A of the CSAA. 

“Gas and Power Supply Services Agreement” has the meaning given in Schedule A of the CSAA. 

“Gas Hedge Provider” has the meaning given in Schedule A of the CSAA. 

“Governmental Authorities” has the meaning given in Schedule A of the CSAA. 

“Government Securities” means securities that are: 
  

	 	(a)	 direct obligations of the United States of America for the timely payment of which its full faith and credit is
pledged; or 

  

	 	(b)	 obligations of a Person controlled or supervised by and acting as an agency or instrumentality of the United
States of America the timely payment of which is unconditionally guaranteed as a full faith and credit obligation by the United States of America, 

which, in either case, are not callable or redeemable at the option of the issuers thereof, and shall also include a depository receipt issued
by a bank (as defined in Section 3(a)(2) of the Securities Act), as custodian with respect to any such Government Securities or a specific payment of principal of or interest on any such Government Securities held by such custodian for the
account of the holder of such depository receipt; provided that (except as required by law) such custodian is not authorized to make any deduction from the amount payable to the holder of such depository receipt from any amount received by
the custodian in respect of the Government Securities or the specific payment of principal of or interest on the Government Securities evidenced by such depository receipt. 

“Guarantors” means CCL, CCP and CCP GP, each of which is a direct or indirect wholly-owned subsidiary of the Company and
operated together with the Company as a single unit, and any future Domestic Subsidiaries of the Company which, subject to the provisions of Section 4.38, guarantee the Notes. 

  
 16 

 “Hedging Bank” has the meaning given in Schedule A of the CSAA. 

“Hedging Instruments” has the meaning given in Schedule A of the CSAA. 

“Hedging Termination Amount” has the meaning given in Schedule A of the CSAA. 

“Historical DSCR” means for any Calculation Period, the ratio of: 

 

	 	(a)	 the Cash Flow Available for Debt Service for such period; to 

 

	 	(b)	 Senior Debt Obligations incurred or paid in such period (other than (i) pursuant to voluntary prepayments
or mandatory prepayments, (ii) LC Costs, (iii) interest in respect of the Senior Debt paid prior to the end of the Term Loan Availability Period (or, if no Loans or Senior Debt Commitments remain outstanding, any debt service that was pre-funded by the incurrence of Permitted Senior Debt, one of the use of proceeds of which was expressly for this purpose), (iv) under any Permitted Hedging Instruments in respect of interest rates, in each case
paid prior to the end of the Term Loan Availability Period, (v) net payable amounts under Permitted Hedging Instruments that are not in respect of interest rates, (vi) Hedging Termination Amounts, (vii) Working Capital Debt.

 “Holdco” has the meaning given in Schedule A of the CSAA. 

“Holdco Pledge Agreement” has the meaning given in Schedule A of the CSAA. 

“Holder” means a Person in whose name a Note is registered. 

“Immaterial Subsidiary” means, as of any date, any Restricted Subsidiary whose total assets, as of that date, are less than
$5,000,000 and whose total revenues for the most recent 12-month period do not exceed $5,000,000. 

“Impairment” has the meaning given in Schedule A of the CSAA. “Impair” and
“Impaired” shall have a corresponding meaning. 
 “Indebtedness” has the meaning given in Schedule
A of the CSAA. 
 “Indenture Payment Date” means, for this Indenture, the payment dates of June 30 and
December 31 commencing on the first such date following the Notes Issue Date, or if any such day is not a Business Day, the next succeeding Business Day. 

“Independent Accountants” means any independent firm of accountants of recognized standing in the relevant jurisdiction. 

“Independent Engineer” means Lummus Consultants International LLC and any replacement thereof appointed (a) pursuant to
the terms of the Common Terms Agreement if Loans or Senior Debt Commitments in connection therewith are outstanding or (b) if no Loans or Senior Debt Commitments in connection therewith are outstanding, by the Requisite Secured Parties, and if
no Event of Default shall then be Continuing, after consultation with the Company. 

  
 17 

 “Industry Standards” has the meaning given in Schedule A of the
CSAA. 
 “Initial LNG SPAs” has the meaning given in Schedule A of the CSAA. 

“Initial Senior Debt” has the meaning given in Schedule A of the CSAA. 

“Institutional Accredited Investor” means an institution that is an “accredited investor” as defined in Rule
501(a)(1), (2), (3) or (7) under the Securities Act, who is not also a QIB. 
 “Insurance/Condemnation Proceeds
Account” has the meaning given in Schedule A of the CSAA. 
 “Insurance Proceeds” has the meaning given in
Schedule A of the CSAA. 
 “Intercreditor Agent” has the meaning given in Schedule A of the CSAA. 

“Intercreditor Agreement” has the meaning given in Schedule A of the CSAA. 

“Investment” means, for any Person: 
  

	 	(a)	 the acquisition (whether for cash, property of such Person, services or securities or otherwise) of capital
stock, bonds, notes, debentures, partnership or other ownership interests or other securities of any other Person or any agreement to make any such acquisition (including any “short sale” or any other sale of any securities at a time when
such securities are not owned by the Person entering into such sale); 

  

	 	(b)	 the making of any deposit with, or advance, loan or other extension of credit to, any other Person (including
the purchase of property from another Person subject to an understanding or agreement, contingent or otherwise, to resell such property to such Person, but excluding any such advance, loan or extension of credit having a term not exceeding ninety
(90) days representing the purchase price of inventory or supplies sold in the ordinary course of business); and 

  

	 	(c)	 the entering into of any guarantee of, or other contingent obligation (other than an indemnity which is not a
guarantee) with respect to, Indebtedness or other liability of any other Person; 

 provided, that Investment shall
not include amounts deposited pursuant to the escrow agreement entered with respect to disputed amounts under any engineering, procurement and construction contract then in effect. 

“Investment Grade” means one long-term unsecured credit rating equal to or better than (a) Baa3 by Moody’s, (b) BBB- by S&P, (c) BBB- by Fitch or (d) any comparable credit ratings by any other nationally recognized statistical rating organizations. 

  
 18 

 “Investment Grade LNG Buyer” means an LNG Buyer that: 

 

	 	(a)	 has, or has its obligations guaranteed by an entity that has, at least two Investment Grade ratings;

  

	 	(b)	 has, or has its obligations guaranteed by an entity that has, one Investment Grade rating and a tangible net
worth of at least $4.5 billion per mtpa of LNG committed to be purchased by such LNG Buyer pursuant to its LNG SPA, up to a maximum of $10 billion of tangible net worth; or 

 

	 	(c)	 for the purposes of LNG SPAs under Section 4.06,
Section 4.21, or Section 4.29, has all of its obligations under the applicable LNG SPA supported by a letter of credit issued by an Acceptable Bank. 

“Kinder Morgan Intrastate Firm Gas Transportation Agreement” has the meaning given in Schedule A of the CSAA.

 “La Quinta Ship Channel Franchise” has the meaning given in Schedule A of the CSAA. 

“LC Costs” has the meaning given in Schedule A of the CSAA. 

“Lien” has the meaning given in Schedule A of the CSAA. 

“LNG” has the meaning given in Schedule A of the CSAA. 

“LNG Buyer” has the meaning given in Schedule A of the CSAA. 

“LNG SPA” has the meaning given in Schedule A of the CSAA. 

“LNG SPA Mandatory Prepayment” has the meaning given in Schedule A of the CSAA. 

“Loans” has the meaning given in Schedule A of the CSAA. 

“Manager” has the meaning given in Schedule A of the CSAA. 

“Management Services Agreement” has the meaning given in Schedule A of the CSAA. 

“Material Adverse Effect” has the meaning given in Schedule A of the CSAA. 

“Material Project Agreements” means: 
  

	 	(a)	 the Initial LNG SPAs and any related parent guarantees; 

 

	 	(b)	 the EPC Contract (T1/T2) together with any related guarantees of Bechtel’s obligations;

  

	 	(c)	 the Technology License Agreement (T1/T2); 

 

	 	(d)	 the Real Property Documents; 

 

	 	(e)	 the Management Services Agreements; 

  
 19 

	 	(f)	 the O&M Agreements; 

 

	 	(g)	 the CCP Pipeline Precedent Agreement; 

 

	 	(h)	 the CEI Equity Contribution Agreement; 

 

	 	(i)	 the Gas and Power Supply Services Agreement; 

 

	 	(j)	 the CMI Export Authorization Letter; 

 

	 	(k)	 the Kinder Morgan Intrastate Firm Gas Transportation Agreement; 

 

	 	(l)	 the TGP Precedent Agreement; 

 

	 	(m)	 the La Quinta Ship Channel Franchise; 

 

	 	(n)	 the Construction Agreement for the Corpus Christi Pipeline Project, dated as of November 10, 2016, between
CCP, as owner and Associated Pipe Line Contractors, Inc., as contractor; 

  

	 	(o)	 the Construction Agreement for the Corpus Christi Pipeline Project, dated as of November 4, 2016, between
CCP, as owner and Sunland Construction, Inc., as contractor; 

  

	 	(p)	 the Construction Agreement for the Corpus Christi Pipeline Project, dated as of November 3, 2016, between
CCP, as owner and REF-CHEM, L.P., as contractor; 

  

	 	(q)	 the Precedent Agreement for Firm Transportation Service Under Gulf Connector Expansion Project, dated as of
December 16, 2015, between CCL and Transcontinental Gas Pipe Line Company, LLC; 

  

	 	(r)	 the Contractual Service Agreement, dated as of October 21, 2015, between CCL and GE Oil & Gas,
Inc.; 

  

	 	(s)	 the Precedent Agreement, dated as of June 8, 2015 between CCL and Natural Gas Pipeline Company of America
LLC; 

  

	 	(t)	 the Natural Gas Pipeline Company of America LLC (Natural) Transportation Rate Schedule FTS Agreement, dated as
of September 24, 2015, between CCL and Natural Gas Pipeline Company of America LLC; 

  

	 	(u)	 the Gas Transportation Agreement, dated as of November 20, 2014, between CCL and Tennessee Gas Pipeline
Company, L.L.C.; 

  

	 	(v)	 the Firm Transportation Negotiated Rate Agreement, dated as of November 20, 2014, between CCL and
Tennessee Gas Pipeline Company, L.L.C.; 

  

	 	(w)	 the Service Agreement, dated as of December 19, 2017, between CCL and Transcontinental Gas Pipe Line
Company, LLC; 

  
 20 

	 	(x)	 the Service Agreement, dated as of February 15, 2018, between CCL and CCP; 

 

	 	(y)	 the Negotiated Rate Letter Agreement, dated as of February 15, 2018, between CCL and CCP;

  

	 	(z)	 the Second Phase Material Project Agreements; and 

 

	 	(aa)	 any Subsequent Material Project Agreement (upon an Obligor becoming a party to such Subsequent Material Project
Agreement); 

 as such list may be updated from time to time by the Company in a manner that is not inconsistent with this
Indenture. 
 “MMBtu” means million British thermal units. 

“Moody’s” has the meaning given in Schedule A of the CSAA. 

“Net Cash Proceeds” has the meaning given in Schedule A of the CSAA. 

“Non-FTA Authorization” has the meaning given in Schedule A of the CSAA. 

“Non-Recourse Debt” means Indebtedness: 

 

	 	(a)	 as to which neither the Company nor any of its Restricted Subsidiaries (i) provides credit support of any
kind (including any undertaking, agreement or instrument that would constitute Indebtedness) or (ii) is directly or indirectly liable as a guarantor or otherwise; and 

 

	 	(b)	 as to which the lenders have been notified in writing that they will not have any recourse to the stock or
assets of the Company or any of its Restricted Subsidiaries (other than the Equity Interests of an Unrestricted Subsidiary). 

“Non-U.S. Person” means a Person who is not a U.S. Person. 

“Notes” means $768,740,000 aggregate principal amount of 3.52% Senior Secured Notes due December 31, 2039 issued under
this Indenture on the date hereof. 
 “Notes Issue Date” means the first date of the original issuance of the Notes under
this Indenture. 
 “Note Guarantee” means the guarantee by each Guarantor of the Company’s obligations under this
Indenture and the Notes, as set forth in the provisions of this Indenture. 
 “O&M Agreements” has the meaning given in
Schedule A of the CSAA. 
 “Obligors” means the Company and the Guarantors. The “Obligors” are also
referred to as “Loan Parties” or “Securing Parties” in the CSAA and certain Finance Documents. 

  
 21 

 “Officer’s Certificate” means a certificate signed by one Authorized
Officer of the Company, which officer must be the principal executive officer, the principal financial officer, the treasurer or the principal accounting officer, and delivered to the Trustee that meets the requirements of
Section 13.05 hereof. 
 “Operation and Maintenance Expenses” has the meaning given in
Schedule A of the CSAA. 
 “Operator” has the meaning give in Schedule A of the CSAA. 

“Opinion of Counsel” means an opinion or opinions from legal counsel who is reasonably acceptable to the Trustee, that meets
the requirements of Section 13.05. The counsel may be an employee of, or counsel to, the Company, any Subsidiary of the Company or the Trustee. 

“Payment Schedule” means the payment and amortization schedule attached hereto as Appendix A, as
the same may be adjusted from time to time in accordance with the terms of this Indenture. 
 “PDE Senior Debt” has the
meaning given in Schedule A of the CSAA. 
 “Performance Liquidated Damages” has the meaning given in Schedule
A of the CSAA. 
 “Permit” has the meaning given in Schedule A of the CSAA. 

“Permitted Business” means (a) the development, construction, operation, expansion, reconstruction, debottlenecking,
improvement, maintenance and ownership of the Development or related to or using by-products of the Development, all activity reasonably necessary or undertaken in connection with the foregoing and any
activities incidental or related to any of the foregoing, including, the development, construction, operation, maintenance, financing and ownership of any facilities reasonably related to the Development or related to or using by-products of the Development and (b) the buying, selling, storing and transportation of hydrocarbons for use in connection with the Development or related to or using
by-products of the Development. 
 “Permitted Completion Amount” has the meaning
given in Schedule A of the CSAA. 
 “Permitted Development Expenditures” means Development Expenditures that: 

 

	 	(a)	 are required by applicable law or regulations, any consent from a Governmental Authority, Industry Standards or
Prudent Industry Practice applicable to the Development; or 

  

	 	(b)	 are otherwise used for the Development; or 

 

	 	(c)	 are incurred in connection and in compliance with Section 4.27 or
Section 4.28; and 

  
 22 

 are funded from (i) Equity Funding not otherwise committed to other expenditure for the
Development, (ii) Insurance Proceeds and Condemnation Proceeds to the extent permitted by Article 5 of the CSAA or proceeds of dispositions to the extent permitted by Section 12.17 of the Common Terms Agreement
while in effect or any equivalent provision of any other Senior Debt Instrument, (iii) Cash Flow permitted to be used for Operation and Maintenance Expenses (pursuant to clauses (c) and (k) of the definition thereof) or (iv) Expansion
Senior Debt permitted to be incurred pursuant to Section 4.09(c) or other Indebtedness permitted to be incurred under Section 4.08, in the case of each of the foregoing sub-clauses (i), (ii) and (iv), which use for the contemplated development could not reasonably be expected to have a Material Adverse Effect. 

“Permitted Finance Costs” means, for any period, the sum of all amounts of principal, interest, fees and other amounts
payable in relation to Indebtedness (other than Senior Debt and other than LC Costs and other amounts payable in relation to Indebtedness that constitute Operation and Maintenance Expenses) permitted by Section 12.14(b)
(including guarantees thereof permitted under Section 12.15 of the Common Terms Agreement during such period) plus all amounts payable during such period pursuant to Permitted Hedging Instruments that are not
secured, plus any amounts required to be deposited in margin accounts pursuant to Permitted Hedging Instruments; provided that Permitted Finance Costs will not include funds categorized as Operation and Maintenance Expenses under the
last sentence of the definition thereof. For purposes of this Indenture, “Permitted Finance Costs” shall include amounts payable in relation to Indebtedness (other than Senior Debt and other than LC Costs and other amounts payable
in relation to Indebtedness that constitute Operation and Maintenance Expenses) permitted by the indenture, and shall not include funds categorized as Operation and Maintenance Expenses under the exception thereunder for obligations to repay
advances in relation to secured Permitted Hedging Instruments or Indebtedness permitted by the indenture. 
 “Permitted Hedging
Instrument” means a Hedging Instrument entered into by an Obligor in the ordinary course of business and that (i) is with a Hedging Bank, a Gas Hedge Provider or any other party that is a counterparty to a Hedging Instrument,
(ii) if secured by the Collateral as a result of accession to the CSAA is of the type referred to in clause (a) or (b) of the definition of Hedging Instrument and (iii) is entered for
non-speculative purposes and is on arm’s-length terms. 

“Permitted Investment” means: 
  

	 	(a)	 Authorized Investments; 

 

	 	(b)	 by way of trade credit in the ordinary course of business; 

 

	 	(c)	 as specifically contemplated under the Finance Documents to which the Trustee is a party or by the terms of a
Material Project Agreement as long as (i) such Material Project Agreement was in place on the Notes Issue Date, but only to the extent permitted by such Material Project Agreement on the Notes Issue Date, (ii) such Material Project
Agreement was approved by the Intercreditor Agent at a time when at least $1 billion of Loans or Senior Debt Commitments in connection therewith were outstanding or (iii) such Investment does not exceed $15,000,000 in the aggregate with
all other Investments permitted under this clause (c)(iii); 

  

	 	(d)	 advance payments to contractors in the ordinary course of business on usual commercial terms;

  
 23 

	 	(e)	 Investments among and between the Company and/or its Restricted Subsidiaries; 

 

	 	(f)	 any Investment by the Company and/or its Restricted Subsidiaries in a Person, if as a result of such investment
such Person is merged or consolidated with or into, or transfers or conveys substantially all of its assets to, or is liquidated into, the Company and/or its Restricted Subsidiaries; 

 

	 	(g)	 Investments existing on the Notes Issue Date; 

 

	 	(h)	 repurchases of the Senior Notes; 

 

	 	(i)	 Investments received as a result of a foreclosure by the Company and/or its Restricted Subsidiaries with
respect to any secured investment in default; 

  

	 	(j)	 surety and performance bonds and workers’ compensation, utility, lease, tax, performance and similar
deposits and prepaid expenses in the ordinary course of business, including cash deposits incurred in connection with Gas purchases; 

  

	 	(k)	 any Investment in any Person solely in exchange for the issuance of Equity Interests (other than Equity
Interests that constitute Indebtedness) of the Company; 

  

	 	(l)	 amounts deposited pursuant to the escrow agreement entered into with respect to disputed amounts under any
engineering, procurement and construction contract or another construction contract with respect to development of the Project Facilities as permitted under the Finance Documents; 

 

	 	(m)	 advances, deposits and prepayments for purchases of any assets, including any Equity Interests;

  

	 	(n)	 guarantees of Indebtedness pursuant to Section 4.08; 

 

	 	(o)	 Investments pursuant to Permitted Hedging Instruments; 

 

	 	(p)	 any Investment made as a result of the receipt of non-cash
consideration from an Asset Sale that was made pursuant to and in compliance with Section 4.12; 

  

	 	(q)	 any Investments received in compromise or resolution of (i) obligations of trade creditors or customers
that were incurred in the ordinary course of business of the Company or any of its Restricted Subsidiaries, including pursuant to any plan of reorganization or similar arrangement upon the bankruptcy or insolvency of any trade creditor or customer;
or (ii) litigation, arbitration or other disputes with Persons who are not Affiliates; 

  

	 	(r)	 (i) advances to or reimbursements of employees for moving, entertainment and travel expenses, drawing accounts
and similar expenditures in the ordinary course of business; and (ii) loans or advances to employees made in the ordinary course of business of the Company or any Restricted Subsidiary of the Company in an aggregate principal amount not to
exceed $2,500,000 at any one time outstanding; 

  
 24 

	 	(s)	 advances to customers or suppliers in the ordinary course of business that are, in conformity with GAAP,
recorded as accounts receivable, prepaid expenses or deposits on the balance sheet of the Company or its Restricted Subsidiaries and endorsements for collection or deposit arising in the ordinary course of business; and 

 

	 	(t)	 other Investments in any Person having an aggregate Fair Market Value (measured on the date each such
Investment was made and without giving effect to subsequent changes in value), when taken together with all other investments made pursuant to this clause (t) that are at the time outstanding not to exceed $50,000,000.

 “Permitted Liens” means: 
  

	 	(a)	 Liens for taxes not delinquent or being contested in good faith and by appropriate proceedings in relation to
which appropriate reserves are maintained and liens for customs duties that have been deferred in accordance with the laws of any applicable jurisdiction; 

  

	 	(b)	 deposits or pledges to secure obligations under workmen’s compensation, old age pensions, social security
or similar laws or under unemployment insurance; 

  

	 	(c)	 deposits or other financial assurances to secure bids, tenders, contracts (other than for borrowed money),
leases, concessions, licenses, statutory obligations, surety and appeal bonds (including any bonds permitted under an engineering, procurement and construction contracts), performance bonds and other obligations of like nature arising in the
ordinary course of business and cash deposits incurred in connection with Gas purchases; 

  

	 	(d)	 mechanics’, workmen’s, materialmen’s, suppliers’, warehouse, Liens of lessors and
sublessors or other like Liens arising or created in the ordinary course of business with respect to obligations that are not due or that are being contested in good faith; 

 

	 	(e)	 (i) servitudes, easements, rights of way, encroachments and other similar encumbrances burdening the
Development’s land that are granted in the ordinary course, imperfections of title on real property, and restrictive covenants, zoning restrictions, licenses or conditions on the grant of real property (in relation to such real property);
provided that such servitudes, easements, rights of way, encroachments and other similar encumbrances, imperfections, restrictive covenants, restrictions, licenses or conditions do not materially interfere with the Development as contemplated
in the Finance Documents and the Material Project Agreements, and (ii) title exceptions disclosed by any title policy obtained by the Obligors; 

  

	 	(f)	 Liens to secure indebtedness permitted as described by paragraphs (c)(8) and (c)(16) of
Section 4.08; 

  

	 	(g)	 the Security Interests; 

  
 25 

	 	(h)	 Liens in the ordinary course of business arising from or created by operation of applicable law or required in
order to comply with any applicable law; 

  

	 	(i)	 Liens in the ordinary course of business over any assets (the aggregate value of which assets at the time any
such Lien is granted does not exceed $100,000,000); 

  

	 	(j)	 contractual or statutory rights of set-off (including netting) granted
to the Company’s and/or its Restricted Subsidiaries’ (i) bankers under any Permitted Hedging Instrument or counterparties under any Material Project Agreement as long as (A) such Material Project Agreement was in place on the Notes
Issue Date but only to the extent permitted by such Material Project Agreement on the Notes Issue Date, (B) such Material Project Agreement was approved by the Intercreditor Agent at a time when at least $1 billion of Loans or Senior Debt
Commitments in connection therewith were outstanding or (C) the amount of collateral affected by such Lien does not exceed $15,000,000 in the aggregate with all other Liens permitted under this clause (C); and (ii) that could not
reasonably be expected to cause a Material Adverse Effect; 

  

	 	(k)	 deposits or other financial assurances to secure reimbursement or indemnification obligations in respect of
letters of credit or in respect of letters of credit put in place by the Company and/or its Restricted Subsidiaries and payable to suppliers, service providers, insurers or landlords in the ordinary course of business; 

 

	 	(l)	 Liens that are scheduled exceptions to the coverage afforded by the Title Policy; 

 

	 	(m)	 legal or equitable encumbrances (other than any attachment prior to judgment, judgment lien or attachment in
aid of execution on a judgment) deemed to exist by reason of the existence of any pending litigation or other legal proceeding if the same is effectively stayed or the claims secured thereby are being contested in good faith and by appropriate
proceedings and an appropriate reserve has been established in respect thereof in accordance with GAAP; 

  

	 	(n)	 the Liens created pursuant to the Real Property Documents; 

 

	 	(o)	 Liens by the Company and/or its Restricted Subsidiaries in favor of the Company or any other Restricted
Subsidiary, as applicable; 

  

	 	(p)	 Liens arising out of judgments or awards not constituting an Event of Default so long as an appeal or
proceeding for review is being prosecuted in good faith and for the payment of which adequate cash reserves, bonds or other cash equivalent security have been provided or are fully covered by insurance (other than any customary deductible); and

  

	 	(q)	 Liens arising from Sharing Arrangements permitted as described in Section 4.28.

  
 26 

 “Permitted Payment” means, without duplication as to amounts allowed to be
distributed under any other provision of this Indenture: 
  

	 	(a)	 payments to an Affiliate of the Company to permit such Affiliate to pay its reasonable accounting, legal and
administrative expenses when due, in an aggregate amount not to exceed $5 million per calendar year; and 

  

	 	(b)	 on each Indenture Payment Date, the amount necessary for payment to the Affiliate to enable it to pay its (or
for such Affiliate to satisfy any contractual obligation to distribute to its beneficial owners to enable them to pay their) income tax liability with respect to income generated by the Obligors, determined at the highest combined U.S. federal and
State of Texas tax rate applicable to an entity taxable as a corporation in both jurisdictions for the applicable period. 

“Permitted Refinancing Indebtedness” means any Indebtedness of the Company or any of its Restricted Subsidiaries incurred
under clauses (i) or (j) of the definition of “Permitted Indebtedness”, issued in exchange for, or the net proceeds of which are used to renew, refund, refinance, replace, defease or discharge other Indebtedness of the
Company or any of its Restricted Subsidiaries (other than intercompany Indebtedness); provided that the principal amount (or accreted value, if applicable) of such Permitted Refinancing Indebtedness does not exceed the principal amount (or
accreted value, if applicable) of the Indebtedness renewed, refunded, refinanced, replaced, defeased or discharged (plus all accrued interest on the Indebtedness, any amounts deposited in a debt service reserve or similar reserve account in
connection with the issuance of such Permitted Refinancing Indebtedness and the amount of all fees and expenses, including premiums and discounts incurred in connection therewith). 

“Permitted Senior Debt Hedging Instrument” has the meaning given in Schedule A of the CSAA. 

“Person” has the meaning given in Schedule A of the CSAA. 

“PetroChina FOB LNG SPA” has the meaning given in Schedule A of the CSAA 

“Private Placement Legend” means the legend set forth in Section 2.08(b). 

“Project Completion Date” means the date upon which all of the conditions set forth in Section 14.1
of the Common Terms Agreement have been either satisfied, or, in each case, waived by the requisite parties to the Intercreditor Agreement; provided that, for purposes of the “Change of Control” definition in, and
Section 6.01(g) of, this Indenture, notwithstanding anything to the contrary in any other Senior Debt Instrument, Project Completion Date shall mean the date of satisfaction of the abovementioned conditions with respect
only to Train One and Train Two. 
 “Project Costs” has the meaning given in Schedule A of the CSAA. 

“Projected Fixed DSCR” means, unless otherwise provided in this Indenture (a) for purposes of
Section 4.06 during the Calculation Period; and (b) for all other purposes, during the applicable period beginning no earlier than (i) the first Indenture Payment Date to occur after the last guaranteed
substantial completion date (as defined in the applicable engineering, procurement and construction contract) with respect to any Trains then in construction, or (ii) if the Date of First Commercial Delivery has occurred with respect to all
Trains, the first Indenture Payment Date to occur after the incurrence of Indebtedness, entering into of a Sharing Arrangement, 

  
 27 

 
commencement of an LNG SPA Mandatory Offer, or consummation of a merger, consolidation, conversion, continuance or sale, assignment, transfer, lease, conveyance or other disposition of assets, as
applicable, the ratio of: 
  

	 	(a)	 in all cases other than Section 4.06: 

 

	 	(i)	 the Cash Flow Available for Debt Service projected for such period, provided that Cash Flow is
calculated solely to reflect (A) the fixed price component under applicable Qualifying LNG SPAs, (B) expected interest and investment earnings paid to the Company and/or its Restricted Subsidiaries during such period and (C) amounts
expected to be paid to the Company and/or its Restricted Subsidiaries during such period as Business Interruption Insurance Proceeds and (D) the fixed expenses that could reasonably be expected to be incurred if the counterparties to the
Qualifying LNG SPAs were not lifting any cargoes from the Development; provided that the “fixed price component” shall be the price component identified as such in the applicable LNG SPA or such other price component approved by the
Intercreditor Agent (at any time when Loans or Senior Debt Commitments remain outstanding) as the fixed price component; to 

  

	 	(ii)	 Senior Debt Obligations projected to be paid in such period (other than (A) pursuant to voluntary
prepayments or mandatory prepayments, (B) Senior Debt due at maturity, (C) Working Capital Debt, (D) LC Costs, (E) interest in respect of the Senior Debt paid prior to the end of the Term Loan Availability Period (or, if no Loans
or Senior Debt Commitments remain outstanding, any debt service that was pre-funded by the incurrence of Permitted Senior Debt, one of the use of proceeds of which was expressly for this purpose), (F) under
any Permitted Hedging Instruments in respect of interest rates, in each case paid prior to the end of the Term Loan Availability Period, and (G) net payable amounts under Permitted Hedging Instruments that are not in respect of interest rates).

  

	 	(b)	 in the case of Section 4.06: 

 

	 	(i)	 the Cash Flow Available for Debt Service projected for such period; to 

 

	 	(ii)	 Senior Debt Obligations projected to be paid in such period (other than (A) pursuant to voluntary
prepayments or mandatory prepayments, (B) Senior Debt due at maturity, (C) Working Capital Debt, (D) LC Costs, (E) interest in respect of the Senior Debt paid prior to the end of the Term Loan Availability Period (or, if no Loans
or Senior Debt Commitments remain outstanding, any debt service that was pre-funded by the incurrence of Permitted Senior Debt, one of the use of proceeds of which was expressly for this purpose), (F) under
any Permitted Hedging Instruments in respect of interest rates, in each case paid prior to the end of the Term Loan Availability Period, and (G) net payable amounts under Permitted Hedging Instruments that are not in respect of interest rates).

  
 28 

 “Project Facilities” has the meaning given in Schedule A of the
CSAA. 
 “Project Property” has the meaning given in Schedule A of the CSAA. 

“Prudent Industry Practice” has the meaning given in Schedule A of the CSAA. 

“QIB” means a “qualified institutional buyer” as defined in Rule 144A. 

“Qualified Transporter” has the meaning given in Schedule A of the CSAA. 

“Qualifying Term” means (a) with respect to any LNG SPA replacing an LNG SPA that was previously a Qualifying LNG SPA, a
term at least as long as the remaining term of the Initial LNG SPA it is replacing and (b) with respect to any other Qualifying LNG SPA, the term of such LNG SPA used in relevant Projected Fixed DSCR calculation when determining the quantum of
Senior Debt that could be incurred based on the revenues projected to be generated under such LNG SPA. 
 “Rating
Reaffirmation” means, with respect to any matter under this Indenture requiring a Rating Reaffirmation, that any two Recognized Credit Rating Agencies that are then rating the Notes (or, if only one Recognized Credit Rating Agency is then
rating the Notes, such agency) have considered the matter and confirmed that, if implemented (or if such matter is an Event of Default, if such event continued), they would reaffirm the then current rating or provide a more favorable rating. 

“Real Estate” has the meaning given in Schedule A of the CSAA. 

“Real Property Documents” has the meaning given in Schedule A of the CSAA. 

“Recognized Credit Rating Agency” means S&P, Fitch, Moody’s, or any successor to S&P, Fitch, Moody’s, so
long as such agency is a “nationally recognized statistical rating organization” registered with the SEC. 
 “Regulation
S” means Regulation S promulgated under the Securities Act. 
 “Replacement Assets” means (a) non-current assets that will be used or useful in a Permitted Business or (b) substantially all the assets of a Permitted Business or a majority of the voting stock of any Person engaged in a Permitted
Business that will become on the date of acquisition thereof a Restricted Subsidiary. 
 “Required Capital Expenditures”
has the meaning given in Schedule A of the CSAA. 
 “Required Export Authorization” means, with respect to a
Required LNG SPA at any time, (a) the Non-FTA Authorization, (b) the FTA Authorization and (c) any other Export Authorization which the Company designates as an “Required Export
Authorization” pursuant to this Indenture, to the extent that at such time, the volumes permitted to be exported under the FTA Authorization, the Non-FTA Authorization or such other Export Authorization,
as the case may be, are required in order to enable the sale of such Required LNG SPA’s share of the then-applicable Base Committed Quantity of LNG in accordance with the terms of such Required LNG SPA. For the avoidance of doubt, the Non-FTA Authorization is a Required Export Authorization for each of the Initial LNG SPAs and the Second Phase LNG SPAs in effect on the Notes Issue Date and until otherwise determined in accordance with the
provisions described in Section 4.21. 

  
 29 

 “Required LNG SPA” means any of the Qualifying LNG SPAs required to be
maintained as described in Section 4.29. 
 “Requisite Secured Parties” means the requisite
percentage of Senior Creditors required under the CSAA with respect to a specific Decision in order to make such Decision and provide the required instruction to the Security Trustee. 

“Reserve Amount” has the meaning given in Schedule A of the CSAA. 

“Responsible Officer”, means, when used with respect to the Trustee, any officer within the Corporate Trust
Division—Corporate Finance Unit of the Trustee (or any successor division or unit of the Trustee) located at the Corporate Trust Office of the Trustee, who has direct responsibility for the administration of this Indenture and also means, in
the case of Section 7.01(c)(2) and the second sentence of Section 7.05, any other officer to whom such matter is referred because of his knowledge of and familiarity with the particular subject.

 “Restricted Definitive Note” means a Definitive Note bearing the Private Placement Legend. 

“Restricted Payment” means (a) any dividend or other distribution by the Company or any of its Restricted Subsidiaries
(in cash, property of the Company or such Restricted Subsidiary, securities, obligations, or other property) on, or other dividends or distributions on account of, any portion of any membership interest in the Company or such Restricted Subsidiary
(other than dividends or other distributions payable solely to the Company or any of its Restricted Subsidiaries), or the setting apart of money for a sinking or other analogous fund for, or the purchase, redemption, retirement or other acquisition
by the Company or any of its Restricted Subsidiaries of, any portion of any membership interest in the Company and (b) all payments (in cash, property of the Company or such Restricted Subsidiary, securities, obligations, or other property) of
principal of, interest on and other amounts with respect to, or other payments on account of, or the setting apart of money for a sinking or other analogous fund for, or the purchase, redemption, retirement or other acquisition by the Company or any
of its Restricted Subsidiaries of, any Indebtedness owed by the Company or any of its Restricted Subsidiaries to Holdco or any other Person party to a pledge agreement or any Affiliate thereof, including any Subordinated Debt. Restricted Payments
shall not include (i) payments to the Manager for fees and costs pursuant to Management Services Agreements, (ii) fees and costs payable pursuant to the Gas and Power Supply Services Agreement, (iii) payments to the Operator pursuant
to the O&M Agreements, (iv) Permitted Payments (which shall be paid in accordance with Section 4.7 of the CSAA), (v) amounts paid in accordance with Section 2.7 of the Common Terms
Agreement; and (vi) any of the payments in (a) or (b) above (in each case, in cash, property of the Company or such Restricted Subsidiary, securities, obligations, or otherwise) made among any of the Company and its Restricted
Subsidiaries. 

  
 30 

 “Restricted Period” means the
40-day distribution compliance period as defined in Regulation S. 
 “Restricted
Subsidiary” of a Person means any Subsidiary of such Person that is not an Unrestricted Subsidiary. As of the Notes Issue Date, the only Subsidiaries of the Company constituting Restricted Subsidiaries are each of the Guarantors hereunder.

 “Revenue Account” has the meaning given in Schedule A of the CSAA. 

“Rule 144” means Rule 144 promulgated under the Securities Act. 

“Rule 144A” means Rule 144A promulgated under the Securities Act. 

“Rule 903” means Rule 903 promulgated under the Securities Act. 

“Rule 904” means Rule 904 promulgated under the Securities Act. 

“S&P” means Standard & Poor’s Ratings Group, a division of McGraw-Hill, Inc. or any successor thereto. 

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

“Second Phase Development” has the meaning given in Schedule A of the CSAA. 

“Second Phase LNG SPAs” has the meaning given in Schedule A of the CSAA. 

“Second Phase Material Project Agreements” has the meaning given in Schedule A of the CSAA. 

“Secured Accounts” has the meaning given in Schedule A of the CSAA. 

“Secured Parties” means the Senior Creditors, the Senior Creditor Group Representatives, the Intercreditor Agent, the
Security Trustee and the Account Bank. 
 “Securities Act” means the U.S. Securities Act of 1933, as amended. 

“Security Documents” means the CSAA and any other document, agreement, notice, mortgage, instrument or filing creating and/or
perfecting any Lien required to be created or perfected by the CSAA or any other Finance Document and shall include the Holdco Pledge Agreement, any deed of trust or mortgage entered into pursuant to Section 3.2(f) of the
CSAA and any patent or trademark security agreement entered into pursuant to the CSAA. 
 “Security Enforcement Action” has
the meaning given in Schedule A of the CSAA. 
 “Security Interests” means the Liens created or purported to be
created by or pursuant to the Security Documents. 
 “Security Trustee” means the security trustee under the CSAA as
security trustee for the Secured Parties. 

  
 31 

 “Senior Creditor” means a provider of Senior Debt that benefits from the
CSAA, including the Facility Lenders, any Senior Noteholders and each Hedging Bank that is party to the CSAA. 
 “Senior Creditor
Group” has the meaning given in Schedule A of the CSAA. 
 “Senior Creditor Group Representative” has the
meaning given in Schedule A of the CSAA. 
 “Senior Debt” has the meaning given in Schedule A of the CSAA.

 “Senior Debt Commitments” has the meaning given in Schedule A of the CSAA. 

“Senior Debt Instrument” has the meaning given in Schedule A of the CSAA. 

“Senior Debt Obligations” has the meaning given in Schedule A of the CSAA, provided that, for the avoidance of
doubt, Senior Debt Obligations shall include the Company’s obligations to pay: (a) all principal, interest and premiums on the Notes; and (b) all commissions, fees, reimbursements, indemnities, prepayment premiums and other amounts
payable to the Holders hereunder; in each case whether such obligations are present, future, actual or contingent and including the payment of amounts that would become due under the Senior Debt Instruments but for the operation of the automatic
stay under Section 362(a) of the Bankruptcy Code. 
 “Senior Debt Service Reserve Account” has the meaning given in
Schedule A of the CSAA. 
 “Senior Noteholder” has the meaning given in Schedule A of the CSAA. 

“Senior Notes” means the notes to be issued (or Facility Agreement to be entered into in the case of a “term loan
B” financing that we have elected to be treated as an Indenture) pursuant to any Indenture. 
 “Signing Date” has the
meaning given in Schedule A of the CSAA. 
 “Sponsor” means Cheniere Energy, Inc. a corporation organized under the
laws of the State of Delaware. 
 “Subordinated Debt” means any unsecured debt or obligation that ranks subordinate in
right of payment to the Notes on the basis set forth in a subordination agreement in a form attached to the Common Terms Agreement, and if no Loans or Senior Debt Commitments remain outstanding, in the form attached to this Indenture. 

“Subsequent Material Project Agreements” has the meaning given in Schedule A of the CSAA. 

“Subsidiary” has the meaning given in Schedule A of the CSAA. 

“Substantial Completion” has the meaning given in the EPC Contract (T1/T2). 

“Supplemental Quantities” has the meaning given in Schedule A of the CSAA. 

  
 32 

 “Tax Sharing Agreement” has the meaning given in Schedule A of the
CSAA. 
 “Taxes” has the meaning given in Schedule A of the CSAA. 

“Technology License Agreement (T1/T2)” has the meaning given in Schedule A of the CSAA. 

“Term Lenders” has the meaning given in Schedule A of the CSAA. 

“Term Loan Availability Period” means the availability period under any then-existing Facility Agreement. 

“Term Loan Facility Agreement” means the Amended and Restated Term Loan Facility Agreement dated as of May 22, 2018,
among Cheniere Corpus Christi Holdings, LLC, as Borrower, Corpus Christi Liquefaction, LLC, Cheniere Corpus Christi Pipeline, L.P., and Corpus Christi Pipeline GP, LLC, as Guarantors, the lenders party thereto from time to time and
Société Générale, as Facility Agent, or a replacement thereof. 
 “Title Policy” has the
meaning given in Schedule A of the CSAA. 
 “TGP Precedent Agreement” has the meaning given in Schedule A of
the CSAA. 
 “Trafigura LNG SPA” has the meaning given in Schedule A of the CSAA. 

“Train” means an LNG liquefaction train. 

“Train One” means LNG Train 1 (as defined in the EPC Contract (T1/T2)). 

“Train Two” means LNG Train 2 (as defined in the EPC Contract (T1/T2). 

“Train Three” means LNG Train 3 (as defined in the EPC Contract (T3). 

“Transaction Documents” means, collectively, the Finance Documents and the Material Project Agreements. 

“Trustee” means The Bank of New York Mellon until a successor replaces it in accordance with the applicable provisions of
this Indenture and thereafter means the successor serving hereunder. 
 “Unmatured Event of Default” means an event that,
with the giving of notice or lapse of time or making of a determination, would constitute an Event of Default. 
 “United
States” or “U.S.” means the United States of America. 
 “Unrestricted Definitive Note” means a
Definitive Note that does not bear and is not required to bear the Private Placement Legend. 

  
 33 

 “Unrestricted Subsidiary” means any Subsidiary of the Company that is
designated by the Board of Directors of the Company as an Unrestricted Subsidiary pursuant to a resolution of the Board of Directors, but only to the extent that such Subsidiary: 

 

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

  

	 	(b)	 except as permitted in Section 4.13, is not party to any agreement, contract,
arrangement or understanding with the Company or any Restricted Subsidiary of the Company unless the terms of any such agreement, contract, arrangement or understanding are no less favorable to the Company or such Restricted Subsidiary than those
that might be obtained at the time from Persons who are not Affiliates of the Company; 

  

	 	(c)	 is a Person with respect to which neither the Company nor any of its 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

  

	 	(d)	 has not guaranteed or otherwise directly or indirectly provided credit support for any Indebtedness of the
Company or any of its Restricted Subsidiaries. 

 “U.S. Person” means a U.S. Person as defined in Rule
902(k) promulgated under the Securities Act. 
 “Working Capital Debt” means senior secured or unsecured Indebtedness
(which, if secured, shall constitute Senior Debt), under one or more working capital facilities, for working capital purposes (including in the forms of undrawn commitments, outstanding indebtedness and the issuance of letters of credit from time to
time). 
 Section 1.02 Other Definitions. 
  

					
	 Term
	  	Defined
in Section	 
	 “Accession Agreement”
	  	 	10.02	 
	 “Applicable Expansion Debt Assets”
	  	 	4.09	 
	 “Applicable Tax Law”
	  	 	7.02	 
	 “Asset Sale Offer”
	  	 	3.09	 
	 “Authentication Order”
	  	 	2.04	 
	 “Blocked Person”
	  	 	4.44	 
	 “Call Date”
	  	 	3.07	 
	 “Called Principal”
	  	 	3.07	 
	 “Cessation Notice”
	  	 	6.04	 
	 “Change of Control Offer”
	  	 	4.17	 
	 “Change of Control Payment”
	  	 	4.17	 
	 “Change of Control Payment Date”
	  	 	4.17	 

  
 34 

					
	 Term
	  	Defined
in Section	 
	 “Control”
	  	 	4.44	 
	 “Controlled Entity”
	  	 	4.44	 
	 “Covenant Defeasance”
	  	 	8.03	 
	 “Declared Event of Default”
	  	 	6.02	 
	 “Discounted Value”
	  	 	3.07	 
	 “Event of Default”
	  	 	6.01	 
	 “Excess Loss Proceeds Offer”
	  	 	3.09	 
	 “Excess Loss Proceeds”
	  	 	4.19	 
	 “Excess Proceeds”
	  	 	4.12	 
	 “Expansion”
	  	 	4.11	 
	 “Expansion Equity Funding Commitment”
	  	 	4.11	 
	 “Expansion Senior Debt”
	  	 	4.09	 
	 “Export Authorization Remediation”
	  	 	4.21	 
	 “Fundamental Modification”
	  	 	9.03	 
	 “Indenture LNG SPA Prepayment Event”
	  	 	4.21	 
	 “Indenture Payment Default”
	  	 	6.01	 
	 “Legal Defeasance”
	  	 	8.02	 
	 “LNG SPA Mandatory Offer”
	  	 	3.09	 
	 “LNG SPA Mandatory Prepayment Amount (CTA Calculation)”
	  	 	4.21	 
	 “LNG SPA Mandatory Prepayment Amount (CTA/Indenture Calculation)”
	  	 	4.21	 
	 “LNG SPA Mandatory Offer Amount”
	  	 	4.21	 
	 “Make-Whole Price”
	  	 	3.07	 
	 “Offer Amount”
	  	 	3.09	 
	 “Offer Period”
	  	 	3.09	 
	 “Paying Agent”
	  	 	2.05	 
	 “PLD Excess Proceeds”
	  	 	4.20	 
	 “PLD Excess Proceeds Offer”
	  	 	3.09	 
	 “Purchase Date”
	  	 	3.09	 
	 “Qualifying LNG SPA”
	  	 	4.29	 
	 “Registrar”
	  	 	2.05	 
	 “Reinvestment Yield”
	  	 	3.07	 
	 “Remaining Average Life”
	  	 	3.07	 
	 “Remaining Scheduled Payments”
	  	 	3.07	 
	 “Replacement Indenture Qualifying LNG SPA”
	  	 	4.29	 
	 “Replacement Senior Debt”
	  	 	4.09	 
	 “Reported
	  	 	3.07	 
	 “Rule 144A Information”
	  	 	4.03	 

  
 35 

					
	 Term
	  	Defined
in Section	 
	 “Settlement Date”
	  	 	3.07	 
	 “Sharing Arrangement”
	  	 	4.28	 
	 “Successor Guarantor”
	  	 	11.04	 
	 “U.S. Economic Sanctions Laws”
	  	 	4.44	 

 Section 1.03 [Reserved]. 

Section 1.04 Rules of Construction. 

(a) Unless the context otherwise requires: 

(1) the table of contents and headings are for convenience only and shall not affect the interpretation of the Indenture; 

(2) unless otherwise specified, references to articles, sections, clauses, appendices, exhibits, schedules or annexes are
references to articles, sections, clauses, appendices, exhibits, schedules or annexes to this Indenture; 
 (3) references to
any party to this Indenture or any other document or agreement shall include its successors and permitted transferees and assigns; 

(4) an “authorization” includes an authorization, consent, approval, resolution, license, exemption, filing,
registration and notarization; 
 (5) “law” shall be construed as any law (including common or customary law),
statute, constitution, decree, judgment, treaty, regulation, directive, by-law, order, ordinance or any other legislative measure of any government, supranational, local government, statutory or regulatory
body or court, in each case having the force of law; 
 (6) unless as otherwise provided, any reference to assignment of a
person’s rights and/or obligations shall be construed to refer to assignment, transfer or novation of those rights and/or obligations; 

(7) any reference to the actions or omissions of agents, representatives or authorized persons shall refer only to actions or
omissions taken in connection with the agency, representation or authorization; 
 (8) the omission of the word
“any” or the phrase “if any” with respect to anything shall not imply that the thing exists or is required, notwithstanding the inclusion of such word or phrase (for clarity) in other provisions; 

(9) any reference to an action being taken “pursuant to” an agreement or document, or any specified provision
thereof, shall be construed to mean “pursuant to and in compliance with” the requirements of such agreement, document or provision; 

  
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 (10) in some instances, a word or reference that, pursuant to these rules of
interpretation, is not necessary (for example, inclusion of both the singular and plural), may be included for emphasis or clarity, and any such usage shall not give rise to any negative implication in relation to any other usage, which other usage
shall nonetheless be interpreted strictly in accordance with the rules of interpretation set forth herein; 
 (11) a term has
the meaning assigned to it; 
 (12) an accounting term not otherwise defined has the meaning assigned to it in accordance
with GAAP; 
 (13) “or” is not exclusive; 

(14) “including” means “including without limitation” whether or not stated; 

(15) words in the singular include the plural, and in the plural include the singular; 

(16) “will” shall be interpreted to express a command and shall be construed to have the same meaning and
effect as the word “shall”; 
 (17) provisions apply to successive events and transactions; 

(18) references to sections of or rules under the Securities Act will be deemed to include substitute, replacement of successor
sections or rules adopted by the SEC from time to time; and 
 (19) references to any document, agreement or instrument means
such document, agreement or instrument as it may be amended, amended and restated or otherwise modified in accordance with its terms. 
 (b)
Any references herein to “this Indenture,” is a reference to this indenture as described in the first paragraph hereof. References in this Indenture to “an Indenture,” “any Indenture,” or
“the Indenture” and to “Senior Notes” and “the Senior Notes,” are references to the defined terms “Indenture” and “Senior Notes” in the CSAA. For purposes of the
CSAA, this Indenture is an “Indenture,” and the Notes will be “Senior Notes.” 
 ARTICLE 2 

THE NOTES 
 Section 2.01 Form and
Dating. 
 (a) Definitive Notes. The Notes will be issued initially in Definitive Note form. Notes issued in Definitive Note form
will be substantially in the form of Exhibit A. The terms and provisions contained in the Notes will constitute, and are hereby expressly made, a part of this Indenture and the Company, the Guarantors and the Trustee, by their execution and delivery
of this Indenture, expressly agree to such terms and provisions and to be bound thereby. However, to the extent any provision of any Note conflicts with the express provisions of this Indenture, the provisions of this Indenture shall govern and be
controlling. 

  
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 Section 2.02 Interest and Principal on the Notes. 

(a) Interest shall accrue on the outstanding principal balance of the Notes at a rate of 3.52% per annum and shall be payable in arrears on
each Indenture Payment Date in accordance with the Payment Schedule. 
 (b) Unless all of the Notes have been redeemed pursuant to
Section 3.07 and subject to proportional reduction in the event the Notes are redeemed in part, in each case as of a particular Indenture Payment Date, the principal amount specified as being payable on an Indenture Payment
Date as set forth in the Payment Schedule and accrued and unpaid interest shall be paid on each such Indenture Payment Date. Each Holder will receive its pro rata share of such payments. Each Holder will deliver to the Paying Agent all the
Notes registered in its name at the time of final payment in full of all amounts due in respect thereof, within a reasonable period of time after such final payment. 

Section 2.03 Adjustment to Payment Schedule. 

The Payment Schedule shall be appropriately adjusted (whereby scheduled payments of principal and interest set out in the Payment Schedule are
decreased in a pro rata manner) in any circumstance in which Notes are redeemed, repaid or prepaid by the Company in accordance with this Indenture, and a supplemental indenture shall be entered into in respect of such adjusted Payment
Schedule. For clarity, any amendments to the Payment Schedule undertaken pursuant to and in accordance with this Section 2.03 do not require approval of the Holders. 

Section 2.04 Execution and Authentication. 

At least one Authorized Officer must sign the Notes for the Company by manual or facsimile signature or as otherwise provided for by
Section 13.15 hereof. 
 If an Officer whose signature is on a Note no longer holds that office at the time a Note is authenticated,
the Note will nevertheless be valid. 
 A Note will not be valid until authenticated by the manual signature of the Trustee or as otherwise
provided for by Section 13.15 hereof. The signature will be conclusive evidence that the Note has been authenticated under this Indenture. 

The Trustee will, upon receipt of a written order of the Company signed by at least one Authorized Officer (an “Authentication
Order”), authenticate Notes for original issue that may be validly issued under this Indenture. The aggregate principal amount of Notes outstanding at any time may not exceed the aggregate principal amount of Notes authorized for issuance
by the Company pursuant to one or more Authentication Orders, except as provided in Section 2.09. 
 The Trustee
may appoint an authenticating agent acceptable to the Company to authenticate Notes. An authenticating agent may authenticate Notes whenever the Trustee may do so. Each reference in this Indenture to authentication by the Trustee includes
authentication by such agent. An authenticating agent has the same rights as an Agent to deal with Holders or an Affiliate of the Company. 

  
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 The Notes shall be treated as a single class for all purposes under this Indenture. 

Section 2.05 Registrar and Paying Agent. 

The Company will maintain an office or agency where Notes may be presented for registration of transfer or for exchange
(“Registrar”) and an office or agency where Notes may be presented for payment (“Paying Agent”). The Registrar will keep a register of the Notes and of their transfer and exchange. The Company may appoint one or
more co-registrars and one or more additional paying agents. The term “Registrar” includes any co-registrar and the term “Paying Agent”
includes any additional paying agent. The Company may change any Paying Agent or Registrar without notice to any Holder. The Company will notify the Trustee in writing of the name and address of any Agent not a party to this Indenture. If the
Company fails to appoint or maintain another entity as Registrar or Paying Agent, the Trustee shall act as such. The Company or any of its Subsidiaries may act as Paying Agent or Registrar. 

The Company initially appoints the Trustee to act as the Registrar and Paying Agent. 

Section 2.06 Paying Agent to Hold Money in Trust. 

The Company will require each Paying Agent other than the Trustee to agree in writing that the Paying Agent will hold in trust for the benefit
of Holders or the Trustee all money held by the Paying Agent for the payment of principal, premium, or interest on the Notes, and will notify the Trustee of any default by the Company in making any such payment. While any such default continues, the
Trustee may require a Paying Agent to pay all money held by it to the Trustee. The Company at any time may require a Paying Agent to pay all money held by it to the Trustee. Upon payment over to the Trustee, the Paying Agent (if other than the
Company or a Subsidiary) will have no further liability for the money. If the Company or a Subsidiary acts as Paying Agent, it will segregate and hold in a separate trust fund for the benefit of the Holders all money held by it as Paying Agent. Upon
any bankruptcy or reorganization proceedings relating to the Company, the Trustee will serve as Paying Agent for the Notes. 
 Section 2.07 Holder
Lists. 
 The Trustee will preserve in as current a form as is reasonably practicable the most recent list available to it of the names
and addresses of all Holders. If the Trustee is not the Registrar, the Company on its own behalf and on behalf of the Guarantors will furnish to the Trustee at least seven (7) Business Days before each Indenture Payment Date and at such other
times as the Trustee may request in writing, a list in such form and as of such date as the Trustee may reasonably require of the names and addresses of the Holders. 

Section 2.08 Transfer and Exchange. 

(a) Transfer and Exchange of Definitive Notes for Definitive Notes. Upon request by a Holder of Definitive Notes and such Holder’s
compliance with the provisions of this Section 2.08(a), the Registrar will register the transfer or exchange of Definitive Notes. Prior to such 

  
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registration of transfer or exchange, the requesting Holder must present or surrender to the Registrar the Definitive Notes duly endorsed or accompanied by a written instruction of transfer in
form satisfactory to the Registrar duly executed by such Holder or by its attorney, duly authorized in writing. In addition, the requesting Holder must provide any additional certifications, documents and information, as applicable, required
pursuant to the following provisions of this Section 2.08(a). 
 (1) Restricted Definitive Notes
to Restricted Definitive Notes. Any Restricted Definitive Note may be transferred to and registered in the name of Persons who take delivery thereof in the form of a Restricted Definitive Note if the Registrar receives the following: 

(A) if the transfer will be made pursuant to Rule 144A, then the transferor must deliver to the Registrar a certificate in the
form of Exhibit B, including the certifications in item (1) thereof; 
 (B) if the transfer will be made pursuant
to Rule 903 or Rule 904, then the transferor must deliver to the Registrar a certificate in the form of Exhibit B, including the certifications in item (2) thereof; and 

(C) if the transfer will be made pursuant to any other exemption from the registration requirements of the Securities Act, then
the transferor must deliver to the Registrar a certificate in the form of Exhibit B, including the certifications, certificates and Opinion of Counsel required by item (3) thereof, if applicable. 

(2) Restricted Definitive Notes to Unrestricted Definitive Notes. Any Restricted Definitive Note may be exchanged by the
Holder thereof for an Unrestricted Definitive Note or transferred to a Person or Persons who take delivery thereof in the form of an Unrestricted Definitive Note if the Registrar receives the following: 

(i) if the Holder of such Restricted Definitive Notes proposes to exchange such Notes for an Unrestricted Definitive Note, a
certificate from such Holder in the form of Exhibit C, including the certifications in item (1)(d) thereof; or 

(ii) if the Holder of such Restricted Definitive Notes proposes to transfer such Notes to a Person who shall take delivery
thereof in the form of an Unrestricted Definitive Note, a certificate from such Holder in the form of Exhibit B, including the certifications in item (4) thereof; 

and, in each case, if the Registrar so requests, an Opinion of Counsel in form reasonably acceptable to the Registrar to the
effect that such exchange or transfer is in compliance with the Securities Act and that the restrictions on transfer contained herein and in the Private Placement Legend are no longer required in order to maintain compliance with the Securities Act.

  
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 (3) Unrestricted Definitive Notes to Unrestricted Definitive Notes. A
Holder of Unrestricted Definitive Notes may transfer such Notes to a Person who takes delivery thereof in the form of an Unrestricted Definitive Note. Upon receipt of a request to register such a transfer, the Registrar shall register the
Unrestricted Definitive Notes pursuant to the instructions from the Holder thereof. 
 (b) Private Placement Legend. The following
legend will appear on the face of all Definitive Notes issued under this Indenture unless specifically stated otherwise in the applicable provisions of this Indenture. 

(1) Except as permitted by subparagraph (2) below, each Definitive Note (and all Notes issued in exchange therefor or
substitution thereof) shall bear the legend in substantially the following form: 
 “THIS NOTE HAS NOT BEEN REGISTERED UNDER THE
SECURITIES ACT OF 1933, AS AMENDED (THE “SECURITIES ACT”), OR THE SECURITIES LAWS OF ANY STATE OR OTHER JURISDICTION. NEITHER THIS SECURITY NOR ANY INTEREST OR PARTICIPATION HEREIN MAY BE REOFFERED, SOLD, ASSIGNED, TRANSFERRED,
PLEDGED, ENCUMBERED OR OTHERWISE DISPOSED OF IN THE ABSENCE OF SUCH REGISTRATION OR UNLESS SUCH TRANSACTION IS EXEMPT FROM, OR NOT SUBJECT TO, SUCH REGISTRATION. THE HOLDER OF THIS SECURITY, BY ITS ACCEPTANCE HEREOF, AGREES ON ITS OWN BEHALF AND ON
BEHALF OF ANY INVESTOR ACCOUNT FOR WHICH IT HAS PURCHASED SECURITIES, TO OFFER, SELL OR OTHERWISE TRANSFER SUCH SECURITY, PRIOR TO THE DATE (THE “RESALE RESTRICTION TERMINATION DATE”) THAT IS ONE YEAR AFTER THE LATER OF THE ORIGINAL
ISSUE DATE HEREOF AND THE LAST DATE ON WHICH CHENIERE CORPUS CHRISTI HOLDINGS, LLC OR ANY OF ITS AFFILIATES WAS THE OWNER OF THIS SECURITY (OR ANY PREDECESSOR OF SUCH SECURITY), ONLY (A) TO CHENIERE CORPUS CHRISTI HOLDINGS, LLC,
(B) PURSUANT TO A REGISTRATION STATEMENT THAT HAS BEEN DECLARED EFFECTIVE UNDER THE SECURITIES ACT, (C) FOR SO LONG AS THE SECURITIES ARE ELIGIBLE FOR RESALE PURSUANT TO RULE 144A UNDER THE SECURITIES ACT, TO A PERSON IT REASONABLY
BELIEVES IS A “QUALIFIED INSTITUTIONAL BUYER” AS DEFINED IN RULE 144A UNDER THE SECURITIES ACT THAT PURCHASES FOR ITS OWN ACCOUNT OR FOR THE ACCOUNT OF A QUALIFIED INSTITUTIONAL BUYER TO WHOM NOTICE IS GIVEN THAT THE TRANSFER IS BEING
MADE IN RELIANCE ON RULE 144A, (D) PURSUANT TO OFFERS AND SALES THAT OCCUR OUTSIDE THE UNITED STATES WITHIN THE MEANING OF REGULATION S UNDER THE SECURITIES ACT, (E) TO AN INSTITUTIONAL “ACCREDITED INVESTOR” WITHIN THE
MEANING OF SUBPARAGRAPH (A)(1), (2), (3) OR (7) OF RULE 501 UNDER THE SECURITIES ACT THAT IS ACQUIRING THE NOTES FOR ITS OWN ACCOUNT, OR FOR THE ACCOUNT OF SUCH AN INSTITUTIONAL “ACCREDITED INVESTOR”, IN EACH CASE IN A MINIMUM
PRINCIPAL AMOUNT OF THE SECURITIES OF $250,000, FOR INVESTMENT 

  
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PURPOSES AND NOT WITH A VIEW TO, OR FOR OFFER OR SALE IN CONNECTION WITH, ANY DISTRIBUTION IN VIOLATION OF THE SECURITIES ACT, OR (F) PURSUANT TO ANOTHER AVAILABLE EXEMPTION FROM THE
REGISTRATION REQUIREMENTS OF THE SECURITIES ACT, SUBJECT TO CHENIERE CORPUS CHRISTI HOLDINGS, LLC’S AND THE TRUSTEE’S RIGHT PRIOR TO ANY SUCH OFFER, SALE OR TRANSFER PURSUANT TO CLAUSES (D), (E) OR (F) TO REQUIRE THE DELIVERY OF
AN OPINION OF COUNSEL, CERTIFICATION AND/ OR OTHER INFORMATION SATISFACTORY TO EACH OF THEM. THIS LEGEND WILL BE REMOVED UPON THE REQUEST OF THE HOLDER AFTER THE RESALE RESTRICTION TERMINATION DATE.” 

(2) Notwithstanding the foregoing, any Definitive Note issued pursuant to subparagraph (a)(2) of this
Section 2.08 (and all Notes issued in exchange therefor or substitution thereof) will not bear the Private Placement Legend. 

(c) General Provisions Relating to Transfers and Exchanges. 

(1) To permit registrations of transfers and exchanges, the Company will execute and the Trustee will authenticate Definitive
Notes upon receipt of an Authentication Order in accordance with Section 2.04 or at the Registrar’s request. 

(2) No service charge will be made to a Holder of a Definitive Note for any registration of transfer or exchange, but the
Company may require payment of a sum sufficient to cover any transfer tax or similar governmental charge payable in connection therewith (other than any such transfer taxes or similar governmental charge payable upon exchange or transfer pursuant to
Section 2.12, Section 3.06, Section 3.09, Section 4.12, Section 4.17, Section 4.19,
Section 4.20, Section 4.21 and Section 9.06). 

(3) The Registrar will not be required to register the transfer of or exchange of any Note selected for redemption in whole or
in part, except the unredeemed portion of any Note being redeemed in part. 
 (4) All Definitive Notes issued upon any
registration of transfer or exchange of Definitive Notes will be the valid obligations of the Company, evidencing the same debt, and entitled to the same benefits under this Indenture, as the Definitive Notes surrendered upon such registration of
transfer or exchange. 
 (5) Neither the Registrar nor the Company will be required: 

(A) to issue, to register the transfer of or to exchange any Notes during a period beginning at the opening of business fifteen
(15) days before the day of any selection of Notes for redemption under Section 3.02 and ending at the close of business on the day of selection; 

(B) to register the transfer of or to exchange any Note selected for redemption in whole or in part, except the unredeemed
portion of any Note being redeemed in part; or 

  
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 (C) to register the transfer of or to exchange a Note between a record date
and the next succeeding Indenture Payment Date. 
 (6) Prior to due presentment for the registration of a transfer of any
Note, the Trustee, any Agent and the Company may deem and treat the Person in whose name any Note is registered as the absolute owner of such Note for the purpose of receiving payment of principal of and interest on such Notes and for all other
purposes, and none of the Trustee, any Agent or the Company shall be affected by notice to the contrary. 
 (7) The Trustee
will authenticate Definitive Notes in accordance with the provisions of Section 2.04. 
 (8) All
certifications, certificates and Opinions of Counsel required to be submitted to the Registrar pursuant to this Section 2.08 to effect a registration of transfer or exchange may be submitted by facsimile or e-mail. 
 (9) All notices and communications to be given to the Holders and all payments
to be made to Holders under the Notes and this Indenture shall be given or made only to or upon the order of the registered Holders. 

(10) None of the Trustee or any Agent shall have any obligation or duty to monitor, determine or inquire as to compliance with
any restrictions on transfer imposed under this Indenture or under applicable law with respect to any transfer of any interest in any security other than to require delivery of such certificates and other documentation or evidence as are expressly
required by, and to do so if and when expressly required by, the terms of this Indenture, and to examine the same to determine substantial compliance as to form with the express requirements hereof. 

Section 2.09 Replacement Notes. 
 If
any mutilated Note is surrendered to the Trustee or the Company and the Trustee receives evidence to its satisfaction of the destruction, loss or theft of any Note, the Company will issue and the Trustee, upon receipt of an Authentication Order,
will authenticate a replacement Note if the Trustee’s requirements are met. If required by the Trustee or the Company, an indemnity bond must be supplied by the Holder that is sufficient in the judgment of the Trustee and the Company to protect
the Company, the Trustee, any Agent and any authenticating agent from any loss that any of them may suffer if a Note is replaced. The Company may charge for its expenses in replacing a Note. 

Every replacement Note is an additional obligation of the Company and will be entitled to all of the benefits of this Indenture equally and
proportionately with all other Notes duly issued hereunder. 
 Section 2.10 Outstanding Notes. 

The Notes outstanding at any time are all the Notes authenticated by the Trustee except for those canceled by it, those delivered to it for
cancellation and those described in this Section 2.10 as not outstanding. Except as set forth in Section 2.11, a Note does not cease to be outstanding because the Company or an Affiliate of the
Company holds the Note; however, Notes held by the Company or an Affiliate of the Company shall not be deemed to be outstanding for purposes of Section 3.07. 

  
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 If a Note is replaced pursuant to Section 2.09, it ceases to be
outstanding unless the Trustee receives proof satisfactory to it that the replacement Note is held by a “protected purchaser” under the uniform commercial code. 

If the principal amount of any Note is considered paid under Section 4.01, it ceases to be outstanding and interest
on it ceases to accrue. 
 If the Paying Agent (other than the Company, a Subsidiary or an Affiliate of any thereof) holds, on a redemption
date or maturity date, money sufficient to pay Notes payable on that date, then on and after that date such Notes will be deemed to be no longer outstanding and will cease to accrue interest. 

Section 2.11 Treasury Notes. 
 In
determining whether the Holders of the required principal amount of Notes have concurred in any direction, waiver or consent, Notes owned by the Company or any Guarantor, or by any Person directly or indirectly controlling or controlled by or under
direct or indirect common control with the Company or any Guarantor, will be considered as though not outstanding, except that for the purposes of determining whether the Trustee will be protected in relying on any such direction, waiver or consent,
only Notes that the Trustee knows are so owned will be so disregarded. 
 Section 2.12 Temporary Notes. 

Until certificates representing Notes are ready for delivery, the Company may prepare and the Trustee, upon receipt of an Authentication
Order, will authenticate temporary Notes. Temporary Notes will be substantially in the form of certificated Notes but may have variations that the Company considers appropriate for temporary Notes and as may be reasonably acceptable to the Trustee.
Without unreasonable delay, the Company will prepare and the Trustee will authenticate definitive Notes in exchange for temporary Notes. 

Holders of temporary Notes will be entitled to all of the benefits of this Indenture. 

Section 2.13 Cancellation. 
 The
Company at any time may deliver Notes to the Trustee for cancellation. The Registrar and Paying Agent will forward to the Trustee any Notes surrendered to them for registration of transfer, exchange or payment. The Trustee and no one else will
cancel all Notes surrendered for registration of transfer, exchange, payment, replacement or cancellation and will dispose of canceled Notes in accordance with the Trustee’s standard procedures (subject to the record retention requirement of
the Exchange Act). Certification of the destruction of all canceled Notes will be delivered to the Company. The Company may not issue new Notes to replace Notes that it has paid or that have been delivered to the Trustee for cancellation. 

  
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 Section 2.14 Defaulted Interest. 

If the Company defaults in a payment of interest on the Notes, it will pay the defaulted interest in any lawful manner plus, to the extent
lawful, interest payable on the defaulted interest, to the Persons who are Holders on a subsequent special record date, in each case at the rate provided in the Notes and in Section 4.01. The Company will notify the Trustee
in writing of the amount of defaulted interest proposed to be paid on each Note and the date of the proposed payment. The Company will fix or cause to be fixed each such special record date and payment date; provided that no such special
record date may be less than ten (10) days prior to the related payment date for such defaulted interest. At least fifteen (15) days before the special record date, the Company (or, upon the written request of the Company, the Trustee in
the name and at the expense of the Company) will mail, cause to be mailed or deliver via e-mail, to Holders a notice that states the special record date, the related payment date and the amount of such
interest to be paid. 
 ARTICLE 3 

REDEMPTION AND OFFERS TO PURCHASE NOTES 

Section 3.01 Notices to Trustee. 

If the Company elects to redeem Notes pursuant to the optional redemption provisions of Section 3.07, it must
furnish to the Trustee, at least thirty (30) days but not more than sixty (60) days before a redemption date, it must furnish to the Trustee, at least ten (10) days but not more than sixty (60) days before a redemption date, an
Officer’s Certificate setting forth: 
 (1) the Section of this Indenture pursuant to which the redemption shall occur;

 (2) the redemption date; 

(3) the series, or more than one series, if applicable, of Notes to be redeemed; 

(4) the principal amount of Notes to be redeemed; 

(5) the redemption price; and 

(6) the PPN number of the Notes to be redeemed. 

Section 3.02 Selection of Notes to Be Redeemed. 

If less than all of the Notes are to be redeemed at any time, or less than all of the Notes of a particular series are to be redeemed, in each
case, the Trustee will select Notes for redemption pro rata, by lot or by such other method as the Trustee shall deem fair and appropriate and, if applicable, with such adjustments that may be deemed appropriate by the Trustee so that only
Notes in denominations of $100,000 or whole multiples of $1,000 in excess thereof will be purchased unless otherwise required by law or applicable stock exchange requirements; provided that if only Notes of a particular series are to be
redeemed, such selection by the Trustee shall be limited to Notes of such series. 

  
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 No Notes of $100,000 or less can be redeemed in part. In the event of partial redemption,
the particular Notes to be redeemed will be selected, unless otherwise provided herein, not less than ten (10) nor more than sixty (60) days prior to the redemption or purchase date by the Trustee from the outstanding Notes not previously
called for redemption. 
 The Trustee will promptly notify the Company in writing of the Notes selected for redemption and, in the case of
any Note selected for partial redemption, the principal amount thereof to be redeemed. Notes and portions of Notes selected will be in amounts of $100,000 or whole multiples of $1,000 in excess thereof; except that if all of the Notes of a Holder
are to be redeemed, the entire outstanding amount of Notes held by such Holder, even if not in the amount of $100,000 or a whole multiple of $1,000 thereof, shall be redeemed. Except as provided in the preceding sentence, provisions of this
Indenture that apply to Notes called for redemption also apply to portions of Notes called for redemption. 
 Section 3.03 Notice of Redemption.

 At least ten (10) days but not more than sixty (60) days before a redemption date, the Company will mail or cause to be mailed,
by first class mail, or deliver via e-mail, a notice of redemption to each Holder whose Notes are to be redeemed at its registered address, except that redemption notices may be mailed, or delivered via e-mail, more than sixty (60) days prior to a redemption date if the notice is issued in connection with a defeasance of the Notes or a satisfaction and discharge of this Indenture pursuant to Article 8
or 12. 
 The notice will identify the Notes to be redeemed and will state: 

(1) the redemption date; 

(2) the redemption price; 

(3) if any Note is being redeemed in part, the portion of the principal amount of such Note to be redeemed and that, after the
redemption date upon surrender of such Note, a new Note or Notes in principal amount equal to the unredeemed portion will be issued in the name of the Holder upon cancellation of the original Note; 

(4) the name and address of the Paying Agent; 

(5) that Notes called for redemption must be surrendered to the Paying Agent to collect the redemption price; 

(6) that, unless the Company defaults in making such redemption payment, interest on Notes called for redemption ceases to
accrue on and after the redemption date; 
 (7) the paragraph of the Notes and/or Section of this Indenture pursuant to which
the Notes called for redemption are being redeemed; and 
 (8) that no representation is made as to the correctness or
accuracy of the PPN number, if any, listed in such notice or printed on the Notes. 

  
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 At the Company’s request, the Trustee will give the notice of redemption in the
Company’s name and at its expense; provided, however, that the Company has delivered to the Trustee, at least forty-five (45) days prior to the redemption date (unless a shorter period is acceptable to the Trustee), an
Officer’s Certificate requesting that the Trustee give such notice and setting forth the information to be stated in such notice as provided in the preceding paragraph. 

Section 3.04 Effect of Notice of Redemption. 

Once notice of redemption is mailed or delivered via e-mail in accordance with
Section 3.03, Notes called for redemption become irrevocably due and payable on the redemption date at the redemption price. A notice of redemption may not be conditional. 

Section 3.05 Deposit of Redemption or Purchase Price. 

At least one Business Day prior to the redemption date, the Company will deposit or will cause to be deposited with the Trustee or with the
Paying Agent money sufficient to pay the redemption price of and accrued interest on all Notes to be redeemed on that date. The Trustee or the Paying Agent will promptly return to the Company any money deposited with the Trustee or the Paying Agent
by the Company in excess of the amounts necessary to pay the redemption price of, and accrued interest on, all Notes to be redeemed. 
 If
the Company complies with the provisions of the preceding paragraph, on and after the redemption date, interest will cease to accrue on the Notes or the portions of Notes called for redemption. If a Note is redeemed on or after an interest record
date but on or prior to the related Indenture Payment Date, then any accrued and unpaid interest shall be paid to the Person in whose name such Note was registered at the close of business on such record date. If any Note called for redemption is
not so paid upon surrender for redemption because of the failure of the Company to comply with the preceding paragraph, interest shall be paid on the unpaid principal, from the redemption or purchase date until such principal is paid, and to the
extent lawful on any interest not paid on such unpaid principal, in each case at the rate provided in the Notes and in Section 4.01. 

Section 3.06 Notes Redeemed in Part. 

Upon surrender of a Note that is redeemed in part, the Company will issue and, upon receipt of an Authentication Order, the Trustee will
authenticate for the Holder at the expense of the Company a new Note equal in principal amount to the unredeemed portion of the Note surrendered. 

Section 3.07 Optional Redemption. 

At any time or from time to time prior to June 30, 2039 (the “Call Date”), the Company may, at its option, redeem all or
a part of the Notes, at a redemption price equal to the Make-Whole Price plus accrued and unpaid interest on such Notes, if any, up to but excluding the redemption date (subject to the right of Holders of record on the relevant record date to
receive interest due on an Indenture Payment Date that is on or prior to the redemption date, without duplication). 

  
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 “Make-Whole Price” with respect to any Notes to be redeemed, means an
amount equal to the greater of: 
 (1) 100% of the principal amount of such Notes, without any premium, penalty or charge;
and 
 (2) the Discounted Value of such Notes. 

For the purposes of determining the Make-Whole Price, the following terms have the following meanings: 

“Called Principal” means, with respect to any Note, the principal of such Note that is to be prepaid pursuant to
Section 3.07 or has become or is declared to be immediately due and payable pursuant to Section 6.03, as the context requires. 

“Discounted Value” means, with respect to the Called Principal of any Note, the amount obtained by discounting all Remaining
Scheduled Payments with respect to such Called Principal from their respective scheduled due dates to the Settlement Date with respect to such Called Principal, in accordance with accepted financial practice and at a discount factor (applied on the
same periodic basis as that on which interest on the Notes is payable) equal to the Reinvestment Yield with respect to such Called Principal. 

“Reinvestment Yield” means, with respect to the Called Principal of any Note, the sum of (x) 0.50% (50 basis points) plus
(y) the yield to maturity implied by the “Ask Yield(s)” reported as of 10:00 a.m. (New York City time) on the second Business Day preceding the Settlement Date with respect to such Called Principal, on the display designated as
“Page PX1” (or such other display as may replace Page PX1) on Bloomberg Financial Markets for the most recently issued actively traded on-the-run U.S. Treasury
securities (“Reported”) having a maturity equal to the Remaining Average Life of such Called Principal as of such Settlement Date. If there are no such U.S. Treasury securities Reported having a maturity equal to such Remaining
Average Life, then such implied yield to maturity will be determined by (a) converting U.S. Treasury bill quotations to bond equivalent yields in accordance with accepted financial practice and (b) interpolating linearly between the
“Ask Yields” Reported for the applicable most recently issued actively traded on-the-run U.S. Treasury securities with the maturities (1) closest to and
greater than such Remaining Average Life and (2) closest to and less than such Remaining Average Life. The Reinvestment Yield shall be rounded to the number of decimal places as appears in the interest rate of the applicable Note. 

If such yields are not Reported or the yields Reported as of such time are not ascertainable (including by way of interpolation), then
“Reinvestment Yield” means, with respect to the Called Principal of any Note, the sum of (x) 0.50% (50 basis points) plus (y) the yield to maturity implied by the U.S. Treasury constant maturity yields reported, for the
latest day for which such yields have been so reported as of the second Business Day preceding the Settlement Date with respect to such Called Principal, in Federal Reserve Statistical Release H.15 (or any comparable successor publication) for the
U.S. Treasury constant maturity having a term equal to the Remaining Average Life of such Called Principal as of such Settlement Date. If there is no such U.S. Treasury constant maturity having a term equal to such Remaining Average Life, such
implied yield to maturity will be determined by interpolating linearly between (1) the U.S. Treasury constant maturity so reported with the term closest to and greater than such Remaining Average Life and (2) the U.S. Treasury constant
maturity so reported with the term closest to and less than such Remaining Average Life. The Reinvestment Yield shall be rounded to the number of decimal places as appears in the interest rate of the applicable Note. 

  
 48 

 “Remaining Average Life” means, with respect to any Called Principal, the
number of years obtained by dividing (i) such Called Principal into (ii) the sum of the products obtained by multiplying (a) the principal component of each Remaining Scheduled Payment with respect to such Called Principal by
(b) the number of years, computed on the basis of a 360-day year comprised of twelve 30-day months and calculated to two decimal places, that will elapse between
the Settlement Date with respect to such Called Principal and the scheduled due date of such Remaining Scheduled Payment. 

“Remaining Scheduled Payments” means, with respect to the Called Principal of any Note, all payments of such Called Principal
and interest thereon that would be due after the Settlement Date with respect to such Called Principal if no payment of such Called Principal were made prior to its scheduled due date, provided that if such Settlement Date is not a date on
which interest payments are due to be made under the Notes, then the amount of the next succeeding scheduled interest payment will be reduced by the amount of interest accrued to such Settlement Date and required to be paid on such Settlement Date
pursuant to Section 3.07 or Section 6.03. 
 “Settlement Date” means,
with respect to the Called Principal of any Note, the date on which such Called Principal is to be prepaid pursuant to Section 3.07 or has become or is declared to be immediately due and payable pursuant to
Section 6.03, as the context requires. 
 The notice of redemption with respect to the foregoing redemption need
not set forth the Make-Whole Price but only the manner of calculation thereof. The Company will notify the Trustee of the Make-Whole Price with respect to any redemption promptly after the calculation, and the Trustee shall not be responsible for
such calculation. 
 At any time on or after the Call Date, the Company may, at its option, redeem all or a part of the Notes, at a
redemption price equal to 100% of the principal amount of the Notes to be redeemed, plus accrued and unpaid interest up to but excluding the redemption date, without any premium, penalty or charge (subject to the right of holders of record on the
relevant record date to receive interest due on an Indenture Payment Date that is on or prior to the redemption date, without duplication). 

Section 3.08 Open Market Purchases; No Mandatory Redemption or Sinking Fund. 

The Company and its Restricted Subsidiaries may at any time and from time to time purchase Notes in the open market or otherwise. The Company
is not required to make mandatory redemption or sinking fund payments with respect to the Notes. 
 Section 3.09 Offer to Purchase by Application of
Excess Proceeds, Excess Loss Proceeds, PLD Excess Proceeds and LNG SPA Mandatory Offer Amount. 
 In the event that, pursuant to
Section 4.12, Section 4.19, Section 4.20, or Section 4.21, the Company is required to commence an offer to all Holders to purchase Notes (an
“Asset Sale Offer,” an “Excess Loss Proceeds Offer” a “PLD Excess Proceeds Offer” or a “LNG SPA Mandatory Offer” respectively), it will follow the procedures specified below. 

  
 49 

 The Asset Sale Offer, the Excess Loss Proceeds Offer, the PLD Excess Proceeds Offer or the
LNG SPA Mandatory Offer, as applicable, shall be made to all Holders and all holders of all other Senior Debt (or will prepay such Senior Debt) then outstanding containing provisions similar to those set forth in this Indenture with respect to
offers to purchase or redeem or requirements to prepay (i) with the proceeds of sales of assets, (ii) with the proceeds of an event of loss, (iii) with the proceeds of PLD Excess Proceeds, or (iv) as a result of LNG SPA
prepayment events, to purchase, redeem or repay, as applicable, the maximum principal amount of Notes and such other Senior Debt that may be purchased, redeemed or repaid out of such proceeds. The Asset Sale Offer, the Excess Loss Proceeds Offer,
the PLD Excess Proceeds Offer or the LNG SPA Mandatory Offer, as applicable, with respect to all Holders will remain open for a period of at least twenty (20) Business Days following its commencement and not more than thirty (30) Business
Days, except to the extent that a longer period is required by applicable law (the “Offer Period”). No later than three (3) Business Days after the termination of the Offer Period (the “Purchase Date”), the
Company will apply all Excess Proceeds, Excess Loss Proceeds, PLD Excess Proceeds or LNG SPA Mandatory Offer Amount, as applicable (the “Offer Amount”), to the purchase of Notes and such other Senior Debt (on a pro rata
basis, if applicable, pursuant to the pro rata payment provisions in the CSAA) or, if less than the Offer Amount has been tendered, all Notes and other Indebtedness tendered in response to the Asset Sale Offer, the Excess Loss Proceeds Offer,
the PLD Excess Proceeds Offer or the LNG SPA Mandatory Offer, as applicable. Payment for any Notes so purchased will be made in the same manner as interest payments are made hereunder. 

If the Purchase Date is on or after an interest record date and on or before the related Indenture Payment Date, any accrued and unpaid
interest will be paid to the Person in whose name a Note is registered at the close of business on such record date, and no additional interest will be payable to Holders who tender Notes pursuant to the Asset Sale Offer, the Excess Loss Proceeds
Offer, the PLD Excess Proceeds Offer or the LNG SPA Mandatory Offer, as applicable. 
 Upon the commencement of an Asset Sale Offer, Excess
Loss Proceeds Offer, the PLD Excess Proceeds Offer or the LNG SPA Mandatory Offer, as applicable, the Company will send, by first class mail or via e-mail, a notice to each of the Holders, with a copy to the
Trustee. The notice will contain all instructions and materials necessary to enable such Holders to tender Notes pursuant to the Asset Sale Offer, the Excess Loss Proceeds Offer, the PLD Excess Proceeds Offer or the LNG SPA Mandatory Offer, as
applicable. The notice, which will govern the terms of the Asset Sale Offer, Excess Loss Proceeds Offer, the PLD Excess Proceeds Offer or the LNG SPA Mandatory Offer, as applicable, will state: 

(1) that the Asset Sale Offer, Excess Loss Proceeds Offer, the PLD Excess Proceeds Offer or the LNG SPA Mandatory Offer, as
applicable, is being made pursuant to this Section 3.09 and Section 4.12, Section 4.19, Section 4.20, or Section 4.21,
as applicable, and the length of time the Asset Sale Offer, Excess Loss Proceeds Offer, the PLD Excess Proceeds Offer or the LNG SPA Mandatory Offer, as applicable, will remain open; 

(2) the Offer Amount, the purchase price and the Purchase Date; 

  
 50 

 (3) that any Note not tendered or accepted for payment will continue to
accrete or accrue interest; 
 (4) that, unless the Company defaults in making such payment, any Note accepted for payment
pursuant to the Asset Sale Offer, Excess Loss Proceeds Offer, the PLD Excess Proceeds Offer or the LNG SPA Mandatory Offer, as applicable, will cease to accrete or accrue interest after the Purchase Date; 

(5) that Holders electing to have a Note purchased pursuant to an Asset Sale Offer, Excess Loss Proceeds Offer, the PLD Excess
Proceeds Offer or the LNG SPA Mandatory Offer, as applicable, may elect to have Notes purchased in integral multiples of $100,000 and integral multiples of $1,000 in excess thereof only; 

(6) that Holders electing to have Notes purchased pursuant to an Asset Sale Offer, Excess Loss Proceeds Offer, the PLD Excess
Proceeds Offer or the LNG SPA Mandatory Offer, as applicable, will be required to surrender the Note, with the form entitled “Option of Holder to Elect Purchase” attached to the Notes completed, or transfer by book-entry transfer,
to the Company or a Paying Agent at the address specified in the notice at least three (3) days before the Purchase Date; 

(7) that Holders will be entitled to withdraw their election if the Company or the Paying Agent, as the case may be, receives,
not later than the expiration of the Offer Period, a telegram, telex, facsimile transmission or letter setting forth the name of the Holder, the principal amount of the Note the Holder delivered for purchase and a statement that such Holder is
withdrawing his election to have such Note purchased; 
 (8) that, if the aggregate principal amount of Notes and other
Senior Debt tendered by Holders thereof or required to be prepaid, exceeds the Offer Amount, the Notes, and such other Senior Debt, shall be purchased on a pro rata basis as determined pursuant to the CSAA and the Trustee will select the
Notes or portions thereof to be purchased by lot, on a pro rata basis or by any other method as the Trustee shall deem fair and appropriate; and 

(9) that Holders whose Notes were purchased only in part will be issued new Notes equal in principal amount to the unpurchased
portion of the Notes surrendered (or transferred by book-entry transfer). 
 On or before the Purchase Date, the Company will, to the extent
lawful, accept for payment, on a pro rata basis to the extent necessary, the Offer Amount of Notes or portions thereof tendered pursuant to the Asset Sale Offer, Excess Loss Proceeds Offer, the PLD Excess Proceeds Offer or the LNG SPA
Mandatory Offer, as applicable, or if less than the Offer Amount has been tendered, all Notes tendered, and will deliver or cause to be delivered to the Trustee the Notes properly accepted together with an Officer’s Certificate stating that
such Notes or portions thereof were accepted for payment by the Company in accordance with the terms of this Section 3.09. The Company or the Paying Agent, as the case may be, will promptly (but in any case not later than
five (5) days after the Purchase Date) mail or deliver to each tendering Holder an amount equal to the purchase price of the Notes tendered by such Holder and accepted by the Company for 

  
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purchase, and the Company will promptly issue a new Note, and the Trustee, upon written request from the Company, will authenticate and mail or deliver (or cause to be transferred by book-entry)
such new Note to such Holder, in a principal amount equal to any unpurchased portion of the Note surrendered. Any Note not so accepted shall be promptly mailed or delivered by the Company to the Holder thereof. The Company will publicly announce the
results of the Asset Sale Offer, the Excess Loss Proceeds Offer, the PLD Excess Proceeds Offer or the LNG SPA Mandatory Offer, as applicable, on the Purchase Date. 

Section 3.10 Allocation of Partial Redemptions. 

In the case of each partial redemption of the Notes pursuant to Section 3.09, the principal amount of the Notes to
be prepaid shall be allocated among all of the Notes at the time outstanding in proportion, as nearly as practicable, to the respective unpaid principal amounts thereof not theretofore called for redemption. 

ARTICLE 4 
 COVENANTS 

Section 4.01 Payment of Notes. 
 The
Company and each Guarantor will pay or cause to be paid the principal of, premium, if any, and interest on, the Notes on the dates and in the manner provided in the Payment Schedule. Principal, premium, if any, and interest will be considered paid
on the date due if the Paying Agent, if other than the Company or a Subsidiary thereof, holds as of 12:00 p.m. Eastern Time on the due date money deposited by the Company in immediately available funds and designated for and sufficient to pay all
principal, premium, if any, and interest then due. 
 The Company will (a) pay interest (including post-petition interest in any
proceeding under any Bankruptcy Law) on overdue principal at the rate equal to 0.5% per annum in excess of the then applicable interest rate on the Notes to the extent lawful and (b) pay interest (including post-petition interest in any
proceeding under any Bankruptcy Law) on overdue installments of interest (without regard to any applicable grace period) at the same rate to the extent lawful. 

Section 4.02 Maintenance of Office or Agency. 

The Company will maintain in the Borough of Manhattan, the City of New York, an office or agency (which may be an office of the Trustee or an
Affiliate of the Trustee, Registrar or co-registrar) where Notes may be surrendered for registration of transfer or for exchange and where notices and demands to or upon the Company in respect of the Notes and
this Indenture may be served. The Company will give written notice to the Trustee of the location, and any change in the location, of such office or agency. If at any time the Company fails to maintain any such required office or agency or fails to
furnish the Trustee with the address thereof, such presentations, surrenders, notices and demands may be made or served at the Corporate Trust Office of the Trustee. 

  
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 The Company may also from time to time designate one or more other offices or agencies where
the Notes may be presented or surrendered for any or all such purposes and may from time to time rescind such designations; provided, however, that no such designation or rescission will in any manner relieve the Company of its
obligation to maintain an office or agency in the Borough of Manhattan, the City of New York for such purposes. The Company will give written notice to the Trustee of any such designation or rescission and of any change in the location of any such
other office or agency. 
 The Company hereby designates the Corporate Trust Office of the Trustee as one such office or agency of the
Company in accordance with Section 2.05. 
 Section 4.03 Reporting Requirements. 

(a) If the Company becomes subject to the reporting requirements of Section 13 or 15(d) of the Exchange Act, then the Company will file
with the Trustee, within fifteen (15) days after the Company files them with the SEC, copies of its annual reports and of the information, documents and other reports (or copies of such portions of any of the foregoing as the SEC may by rules
and regulations prescribe) that the Company is required to file with the SEC pursuant to Section 13 or 15(d) of the Exchange Act. 

(b) The Company will, so long as any Notes are outstanding and are “restricted securities” within the meaning of Rule 144(a)(3)
under the Securities Act, furnish to the Trustee and to the Holders and beneficial owners of the Notes, upon their request, the information required to be delivered pursuant to Rule 144A(d)(4) under the Securities Act (or any successor provision
thereto) (“Rule 144A Information”), if at the time of such request the Company is not a reporting company under Section 13 or Section 15(d) of the Exchange Act or exempt from reporting pursuant to Rule 12g3-2(b) thereunder. 
 (c) So long as any of the Notes are outstanding, the Company will furnish or
cause to be furnished to the Trustee: 
 (1) (a) within sixty (60) days following the end of the first three fiscal
quarters of each fiscal year, consolidated unaudited statements of income and cash flows of the Company for such period and for the period from the beginning of the respective fiscal year to the end of such period and the related balance sheet as at
the end of such period, setting forth in each case in comparative form the corresponding figures for the corresponding period in the preceding fiscal year and (b) within one hundred and twenty (120) days after the end of each fiscal year,
its consolidated annual financial statements, audited by the Independent Accountants, in each case prepared in accordance with GAAP, subject, in the case of a quarterly financial statement, to the absence of Notes and normal year-end audit adjustments. 
 (2) copies of any notice to the Company or any Subsidiary
thereof from any Governmental Authority relating to any order, ruling, statute or other law or regulation that could reasonably be expected to have a Material Adverse Effect, such copies to be furnished promptly, and in any event within thirty
(30) days of receipt thereof; 
 (3) notification of resignation or replacement of the Obligors’ auditors and any
further information as the Holders may request, such notification to be furnished within twenty (20) days following such resignation or replacement and 

  
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 (4) within fifteen (15) days after such documents become available,
copies of each financial statement (except to the extent to be provided pursuant to clause (c)(1) above), any report delivered to Senior Creditors pursuant to Sections 10.3(b), 10.3(c), 10.3(p), 10.4, 10.6 or 10.7 of the Common Terms Agreement, or
any notice of an Event of Default (as defined in the CSAA) sent by the Company or any Subsidiary thereof to the Company’s Senior Creditors under any Senior Debt Instrument; and 

(5) Such other information data and information relating to the business, operations, affairs, financial condition, assets or
other properties of the Company or any of its Subsidiaries (including, to the extent applicable, actual copies of the Company’s Form 10-Q and Form 10-K) or relating
to the ability of the Company to perform its obligations hereunder and under the Notes as from time to time may be reasonably requested by the Trustee or any Holder, such data or information to be furnished with reasonable promptness;
provided that, unless an Event of Default has occurred and is Continuing, the Company shall only be required to provide such requested information if such information was required to be provided to any of its Senior Creditors under any other
Senior Debt Instrument. 
 (d) Delivery of such reports, information and documents to the Trustee is for informational purposes only and the
Trustee’s receipt of such shall not constitute actual or constructive knowledge or notice of any information contained therein or determinable from information contained therein, including the Company’s compliance with any of its covenants
hereunder (as to which the Trustee is entitled to rely exclusively on Officer’s Certificates). 
 (e) Notwithstanding the foregoing,
any reports or other information required to be filed, delivered or furnished pursuant to this Section 4.03 shall be deemed filed, delivered or furnished to Holders if filed electronically with the SEC through the
SEC’s Electronic Data Gathering, Analysis and Retrieval System (or any successor system). 
 (f) The Company shall permit each Holder:

 (1) No Default. If no Unmatured Event of Default or Event of Default then exists, at the expense of such Holder and
upon thirty (30) days’ prior notice to the Obligors, to visit the principal executive office of any Obligor, to discuss the affairs, finances and accounts of any Obligor and any Subsidiaries thereof with such Obligor’s officers, and
(with the consent of such Obligor, which consent will not be unreasonably withheld) its independent public accountants, and (with the consent of such Obligor, which consent will not be unreasonably withheld) to visit the other offices and properties
of any Obligor and any Subsidiary thereof; provided, that under no circumstances shall such visit occur more than twice a year collectively for all Holders (and such visits shall be reasonably spaced within the applicable period), and any
such visit shall be subject to such Holder entering into a confidentiality agreement with the Obligors prior to any such visit. 

(2) Default. If an Unmatured Event of Default or Event of Default then exists, at the expense of the Obligors, to visit
and inspect any of the offices or properties of the Obligors or any Subsidiary thereof, to examine all their respective books of account, records, reports and other papers, to make copies and extracts therefrom, and to discuss

  
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their respective affairs, finances and accounts with their respective officers and independent public accountants (and by this provision the Obligors authorize said accountants to discuss the
affairs, finances and accounts of the Obligors and Subsidiaries thereof), all at such times and as often as may be requested; provided, that any such visit shall be subject to such Holder entering into a confidentiality agreement with the
Obligors prior to any such visit. 
 (3) Any visits by the Holders shall be granted only during normal business hours, in a
manner that does not unreasonably disrupt the construction or operation of the Obligors or the Project Facilities in any respect. All such visits must be coordinated among Holders who shall be required to conduct visits collectively and shall also,
if requested by the Company, be coordinated with the other Senior Creditor Group Representatives of the Company under its other Senior Debt Instruments. 

Section 4.04 Compliance Certificate. 

(a) The Company will deliver to the Trustee, accompanying its annual financial statements as described in
Section 4.03 of this Indenture, a statement regarding compliance with this Indenture in an Officer’s Certificate also confirming that, to the signing officer’s knowledge, no Event of Default or Unmatured Event of
Default has occurred and is Continuing which has not been waived, or, if the same has occurred, a description of any measures taken or proposed to be taken by the Company to address the same. 

(b) So long as any of the Notes are outstanding, upon becoming aware of any Unmatured Event of Default or Event of Default, the Company is
required to deliver to the Trustee an Officer’s Certificate specifying such Unmatured Event of Default or Event of Default and what action the Company is taking or proposes to take with respect thereto. 

(c) Officer’s Certificates delivered pursuant to this Section 4.04 may be delivered to the Trustee via e-mail or posted to a website to which the Trustee has free access. 
 Section 4.05 Taxes. 

Each of the Company and its Restricted Subsidiaries (or, for the purposes of this Section 4.05, if such entity is a
disregarded entity for U.S. federal income tax purposes, its owner for U.S. federal income tax purposes) will pay or cause to be paid all material Taxes (if any) imposed on it or its property by any Governmental Authority, when due, giving effect to
any applicable extensions, unless these are being contested in good faith and by appropriate proceedings and an appropriate reserve has been established in respect thereof in accordance with GAAP. 

Section 4.06 Restricted Payments. 

Restricted Payments by the Company or any Restricted Subsidiary may be made up to once monthly; provided that each of the following
conditions has been satisfied: 
 (a) no Event of Default or Unmatured Event of Default has occurred and is Continuing or would occur as a
result of such Restricted Payment; 

  
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 (b) the Historical DSCR and the Projected Fixed DSCR, each for the Calculation Period, are
both at least 1.25:1; 
 (c) the Senior Debt Service Reserve Account is funded (with cash or Acceptable Debt Service Reserve LCs) with the
then-applicable Reserve Amount and the applicable debt service reserve requirements under any Senior Debt Instrument governing Expansion Senior Debt or Replacement Senior Debt, as applicable; 

(d) Substantial Completion of Train 2 under EPC Contract (T1/T2) has occurred, as certified to the Trustee by the Independent Engineer; 

(e) no LNG SPA Mandatory Prepayment or Indenture LNG SPA Prepayment Event, as the case may be, has occurred and is continuing in respect of
which the LNG SPA Mandatory Offer required by the occurrence of such event in accordance with Section 4.21 has not been made and all tendered Notes purchased; and 

(f) the Trustee has received a certificate from an Authorized Officer of the Company confirming that each of the conditions set forth in
clauses (a) through (e) above has been satisfied and setting forth the calculation of Historical DSCR and Projected Fixed DSCR in clause (b) above. 

Section 4.07 Dividend and Other Payment Restrictions Affecting Subsidiaries. 

(a) The Company will not, and will not permit any of its Restricted Subsidiaries to, directly or indirectly, create or permit to exist or
become effective any consensual encumbrance or restriction on the ability of any Restricted Subsidiary to: 
 (1) 

(A) pay dividends or make any other distributions on its Capital Stock to the Company or any of its Restricted Subsidiaries, or
with respect to any other interest or participation in, or measured by, its profits; or 
 (B) pay any indebtedness owed to
the Company or any of its Restricted Subsidiaries; 
 (2) make loans or advances to the Company or any of its Restricted
Subsidiaries; or 
 (3) sell, lease or transfer any of its properties or assets to the Company or any of its Restricted
Subsidiaries. 
 (b) The restrictions in Section 4.07(a) will not apply to encumbrances or restrictions existing
under or by reason of: 
 (1) agreements or instruments governing existing Indebtedness as in effect on the Notes Issue Date
and any amendments, restatements, modifications, increases, renewals, supplements, refundings, replacements or refinancings of those agreements or 

  
 56 

 
instruments; provided that the amendments, restatements, modifications, increases, renewals, supplements, refundings, replacements or refinancings are no more restrictive, taken as a
whole, with respect to such dividend and other payment restrictions than those contained in those agreements or instruments on the Notes Issue Date; 

(2) the Finance Documents; 

(3) applicable law, rule, regulation or order; 

(4) customary non-assignment provisions in contracts and licenses entered into in the
ordinary course of business; 
 (5) purchase money obligations for property acquired in the ordinary course of business and
capital lease obligations that impose restrictions on the property purchased or leased of the nature described in clause (3) of Section 4.07(a); 

(6) any agreement for the sale or other disposition of a Restricted Subsidiary that restricts distributions by that Restricted
Subsidiary pending the sale or other disposition; 
 (7) Indebtedness permitted pursuant to
Section 4.08, including Replacement Senior Debt; provided that in the case of Replacement Senior Debt the restrictions contained in the agreements governing such Replacement Senior Debt are not materially more
restrictive, taken as a whole, than those contained in the agreements governing the Indebtedness being refinanced; 
 (8)
Liens permitted to be incurred pursuant to Section 4.14 that limit the right of the debtor to dispose of the assets subject to such Liens; 

(9) provisions limiting the disposition or distribution of assets or property in joint venture agreements, asset sale
agreements, sale-leaseback agreements, stock sale agreements, security agreements, mortgages, purchase money agreements and other similar agreements or instruments entered into with the approval of the Board of Directors of the Company, Holdco or
the applicable Restricted Subsidiary, which limitation is applicable only to the assets that are the subject of such agreements; 

(10) Permitted Hedging Instruments; or 

(11) restrictions on cash or other deposits or net worth imposed by customers under contracts entered into in the ordinary
course of business. 
 Section 4.08 Limitation on Indebtedness. 

The Company will not and will not permit any of its Restricted Subsidiaries to incur Indebtedness, and will not permit any Restricted
Subsidiary to issue preferred stock; provided that the Company and/or any of its Restricted Subsidiaries may incur Indebtedness and Restricted Subsidiaries of the Company may issue preferred stock if one of the following conditions have been
satisfied: 

  
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 (a) The Company shall have delivered to the Trustee a certificate from an Authorized Officer
of the Company certifying that the amount of all Senior Debt (excluding Working Capital Debt and excluding all Indebtedness under Permitted Senior Debt Hedging Instruments) outstanding, after giving effect to the incurrence of such Indebtedness, is
capable of being amortized to a zero balance by the termination date of the last to terminate of the Qualifying LNG SPAs then in effect and produces a Indenture Projected Fixed DSCR of at least 1.40:1.00 through the terms of such Qualifying LNG SPAs
(with such ratio calculated using such Qualifying LNG SPAs, and using an interest rate equal to the weighted average interest rate of Senior Debt (excluding Working Capital Debt) outstanding after giving effect to the incurrence of such Indebtedness
and the application of the proceeds therefrom); or 
 (b) The Company has obtained and delivered to the Trustee a Rating Reaffirmation in
respect of the Notes after giving effect to the incurrence of such Indebtedness; or 
 (c) If falling within any of the categories in
paragraphs (1) through (17) below (for the avoidance of doubt, including any Additional Senior Debt, incurred in accordance with the provisions described under Section 4.09): 

(1) Senior Debt, including the Initial Senior Debt and any Additional Senior Debt, incurred in accordance with
Section 4.09; 
 (2) Indebtedness expressly contemplated by a Finance Document to which the Trustee
is a party; 
 (3) Indebtedness incurred in the ordinary course of business pursuant to a Material Project Agreement; 

(4) Subordinated Debt; 

(5) intercompany Indebtedness between or among the Company and any of its Restricted Subsidiaries; provided,
however, that: 
 (A) if the Company or any Guarantor is the obligor on such Indebtedness and the payee is not the
Company or a Guarantor, such Indebtedness must be unsecured and expressly subordinated to the prior payment in full in cash of all Senior Debt Obligations then due with respect to the Notes, in the case of the Company, or the Note Guarantee, in the
case of a Guarantor; and 
 (B) 

(i) any subsequent issuance or transfer of Equity Interests that results in any such Indebtedness being held by a Person other
than the Company or a Restricted Subsidiary of the Company; and 
 (ii) any sale or other transfer of any such Indebtedness
to a Person that is not either the Company or a Restricted Subsidiary of the Company, 

  
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 will be deemed, in each case, to constitute an incurrence of such Indebtedness by the Company or such
Restricted Subsidiary, as the case may be, that was not permitted by this clause (c)(5); 
 (6) Indebtedness incurred under
Permitted Hedging Instruments not covered under clause (c)(1); 
 (7) Indebtedness in respect of any bankers’
acceptances, letters of credit, warehouse receipts or similar facilities, in each case, incurred in the ordinary course of business; 

(8) purchase money Indebtedness and capital leases or guarantees of the same, in a principal amount not exceeding $100,000,000
in the aggregate outstanding at any one time to finance the purchase or lease of assets for the Development other than those financed with the proceeds of Senior Debt; provided that, if such obligations are secured, they are secured only by
Liens upon the assets being financed; 
 (9) other unsecured Indebtedness in an aggregate amount not to exceed $100,000,000
for general corporate purposes, including all Permitted Refinancing Indebtedness thereof; 
 (10) other unsecured
Indebtedness in an aggregate amount not to exceed $400,000,000 to finance Permitted Development Expenditures, an Expansion or any other Development Expenditures, including all Permitted Refinancing Indebtedness thereof; 

(11) to the extent constituting Indebtedness, indebtedness arising from honoring by a bank or other financial institution of a
check, draft or similar instrument drawn against insufficient funds in the ordinary course or other cash management services in the ordinary course of business; 

(12) Indebtedness in respect of netting services, overdraft protections and otherwise in connection with deposit accounts; 

(13) contingent liabilities incurred in the ordinary course of business, including the acquisition or sale of goods, services,
supplies or merchandise in the normal course of business, the endorsement of negotiable instruments received in the normal course of business and indemnities provided under any of the Finance Documents or Material Project Agreements; 

(14) to the extent constituting Indebtedness, obligations in respect of performance bonds, bid bonds, appeal bonds, surety
bonds, indemnification obligations, obligations to pay insurance premiums, take-or-pay obligations contained in supply agreements and similar obligations incurred in the
ordinary course of business; 
 (15) trade debt, trade accounts, purchase money obligations or other similar Indebtedness
incurred in the ordinary course of business, which (i) is not more than 90 days past due or (ii) is being contested in good faith and by appropriate proceedings; 

  
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 (16) Indebtedness in an amount not to exceed $250,000,000 to finance
restoration of the Development following damage, loss or destruction of all or a material portion of the Project Facilities or an Event of Taking, including any refinancing thereof; and 

(17) Indebtedness consisting of the financing of insurance premiums in customary amounts consistent with the operations and
business of the Company and its Restricted Subsidiaries in the ordinary course of business. 
 For purposes of determining compliance with
this Section 4.08, in the event that an item of Indebtedness meets the criteria of more than one of the categories of Indebtedness permitted pursuant to the paragraphs (c)(1) through (17) of this covenant, the Company
will be permitted to classify or divide such item of Indebtedness on the date of its incurrence, or later reclassify or redivide all or a portion of such item of Indebtedness, in any manner that complies with this covenant. The accrual of interest,
the accretion or amortization of original issue discount, the payment of interest on any Indebtedness in the form of additional Indebtedness with the same terms, or the reclassification of preferred stock as Indebtedness due to a change in
accounting principles will not be deemed to be an incurrence of Indebtedness for purposes of this covenant; provided, in each such case, that the amount of any such accrual, accretion or payment of Indebtedness constituting Senior Debt is
included in Senior Debt Obligations of the Company as accrued. Notwithstanding any other provision of this covenant, the maximum amount of Indebtedness that the Company or any Restricted Subsidiary may incur pursuant to this covenant shall not be
deemed to be exceeded solely as a result of fluctuations in exchange rates or currency values. 
 The amount of any Indebtedness outstanding
as of any date will be: 
 (a) the accreted value of the Indebtedness, in the case of any Indebtedness issued with original issue discount;

 (b) in respect of Indebtedness of another Person secured by a Lien on the assets of the specified Person, the least of: 

(1) the Fair Market Value of such asset at the date of determination; 

(2) the amount of the Indebtedness of the other Person; and 

(3) the principal amount of the Indebtedness, in the case of any other Indebtedness. 

Section 4.09 Incurrence of Senior Debt. 

(a) Working Capital Debt. For so long as no Event of Default or Unmatured Event of Default has occurred and is Continuing or would
occur after giving effect to the incurrence of the Working Capital Debt, the Company may incur Working Capital Debt in an amount that, at any point in time, does not in the aggregate exceed the sum of (a) $250,000,000 plus (b) the
aggregate amount of working capital that the Company reasonably expects will need to be available to the Development (including pursuant to letters of credit) in order to purchase, transport or store Gas

  
 60 

 
and/or meet credit support requirements under Gas purchase, transport or storage agreements in order to supply the LNG amounts contemplated under all LNG SPAs then in effect, plus
(c) an amount equivalent to the then-applicable Reserve Amount required to be deposited in the Senior Debt Service Reserve Account pursuant to Section 4.5 of the CSAA or, if there is no requirement to fund the debt
service reserve account with respect to the then-outstanding Senior Debt Obligations, an amount equal to the Reserve Amount that would have been then applicable had such requirement existed. 

In connection with the incurrence of any Working Capital Debt: 

(1) the provider of Working Capital Debt (or a Senior Creditor Group Representative on its behalf) that is secured shall accede
as a Senior Creditor to the CSAA and the Common Terms Agreement and the Intercreditor Agreement, if such agreements are still outstanding, and shall share pari passu in the Collateral; and 

(2) in respect of Working Capital Debt that is secured, the Intercreditor Agent shall have received a certificate from an
Authorized Officer at least five (5) days prior to the incurrence of such Working Capital Debt that (i) identifies each Senior Creditor Group Representative for, and each holder of, any such Working Capital Debt, and (ii) attaches a
copy of each proposed Senior Debt Instrument relating to any such Working Capital Debt. 
 (b) Replacement Senior Debt. At any time
and from time to time, the Company may incur replacement senior debt (“Replacement Senior Debt”), so long as: 

(1) in the case of any Replacement Senior Debt to be incurred following the first Date of First Commercial Delivery that occurs
under any Initial LNG SPA which has designated Train Two as a designated Train, the Senior Debt (excluding Working Capital Debt and excluding all Indebtedness under Permitted Senior Debt Hedging Instruments) outstanding after giving effect to the
incurrence of the Replacement Senior Debt is capable of being amortized to a zero balance by the termination date of the last to terminate of the Qualifying LNG SPAs then in effect and produces a Projected Fixed DSCR of at least 1.40:1.00 for the
period commencing on the first Indenture Payment Date to occur after the last “guaranteed substantial completion date” (as defined in the applicable engineering, procurement and construction contract) with respect to any Trains then in
construction (or if the Date of First Commercial Delivery has occurred with respect to all Trains, the first Indenture Payment Date to occur after the date of incurrence of such Replacement Senior Debt) through the terms of such Qualifying LNG SPAs
(with such ratio being calculated using such Qualifying LNG SPAs and using an interest rate equal to the weighted average interest rate of Senior Debt (excluding Working Capital Debt) outstanding after giving effect to the incurrence of the
Replacement Senior Debt and the prepayment or repayment of the existing Senior Debt or cancellation of the applicable Senior Debt Commitments); and 

(2) the Replacement Senior Debt is incurred for the permitted refinancing or prepayment in whole or in part of existing Senior
Debt including by way of renewal, replacement, redemption or discharge thereof, (and provisions, costs, prepayment premiums, fees or expenses associated with the Replacement Senior Debt or the prepaid

  
 61 

 
Senior Debt, as applicable (including without duplication (i) any Hedging Termination Amount with respect to any Permitted Hedging Instrument subject to the refinancing with the proposed
Replacement Senior Debt; (ii) any amounts required to be deposited in a debt service reserve or similar reserve (or any interest during construction) account in connection with the issuance of such Replacement Senior Debt; and (iii) any
incremental carrying costs of such Replacement Senior Debt (including any increased interest during construction) associated with any such cancellation, prepayment or redemption, or incurred in connection with the proposed Replacement Senior Debt)),
or the permitted replacement of existing unutilized commitments of a Senior Creditor Group (or, within a Senior Creditor Group, of any Facility Lender). 

Any provider of Replacement Senior Debt (or a Senior Creditor Group Representative on its behalf) will accede as a Senior Creditor to the CSAA
and will share pari passu in the Collateral. 
 (c) Expansion Senior Debt. The Company may incur Senior Debt to finance a
Permitted Development Expenditure or Expansion (“Expansion Senior Debt”), as the case may be, so long as each of the following conditions is satisfied and the Company shall have delivered to the Trustee a certificate from an
Authorized Officer certifying that such conditions have been satisfied: 
 (1) if the Expansion Senior Debt is incurred to
fund Permitted Development Expenditures, (i) the design, development, construction and operation of such Permitted Development Expenditure is permitted by Section 4.10 and (ii) the aggregate amount of Expansion
Senior Debt used or to be used for Permitted Development Expenditures falling into categories (b) and (c) of the definition thereof is less than $300,000,000; 

(2) if the Expansion Senior Debt is incurred to fund an Expansion, the design, development, construction and operation of such
Expansion is permitted by Section 4.11; 
 (3) no Event of Default or Unmatured Event of Default
has occurred and is Continuing; 
 (4) in the event any Train, LNG SPA or engineering, construction and procurement contract
related to the Train or Trains being financed with the proceeds of such Expansion Senior Debt (such Train, LNG SPA and engineering, construction and procurement contract, the “Applicable Expansion Debt Assets”) are not part of the
Collateral, prior to the incurrence of such Expansion Senior Debt, the applicable Obligor will deliver such additional agreements and supplements to the Security Documents as are necessary or advisable in order to subject such Applicable Expansion
Debt Assets to the Security Interests at the time such Expansion Senior Debt is incurred; 
 (5) any Required LNG SPAs are
then in effect and there is no material payment default or breach thereunder (or, for any new Required LNG SPA related to LNG to be produced from the Expansion, remain subject only to customary conditions that could be satisfied upon taking an
investment decision with respect to the Expansion); 

  
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 (6) if the Expansion Senior Debt is incurred to fund an Expansion, the
amount of all Senior Debt (excluding Working Capital Debt and excluding all Indebtedness under Permitted Senior Debt Hedging Instruments) outstanding after giving effect to the incurrence of Expansion Senior Debt is capable of being amortized to a
zero balance by the termination date of the last to terminate of the Qualifying LNG SPAs then in effect and incremental Qualifying LNG SPAs entered into in respect of sales of LNG associated with the Expansion, and produces a Projected Fixed DSCR of
at least 1.40:1.00 for the period commencing on the first Indenture Payment Date to occur after the last “guaranteed substantial completion date” (as defined in the applicable engineering, procurement and construction contract) with
respect to any Trains then in construction or with respect to which the Expansion Senior Debt is being incurred, through the terms of such Qualifying LNG SPAs (with such ratio calculated using such Qualifying LNG SPAs and using an interest rate
equal to the weighted average interest rate of Senior Debt (excluding Working Capital Debt) outstanding after giving effect to the incurrence of the Expansion Senior Debt); 

(7) if the Expansion Senior Debt is incurred to fund an Expansion: 

(A) for so long as at least $1 billion of Loans or Senior Debt Commitments in connection therewith are outstanding, the
Company has obtained the consent of the Facility Lenders pursuant to Section 6.5 of the Common Terms Agreement if such consent is required under the Common Terms Agreement or a Facility Agreement prior to the incurrence of Expansion Senior
Debt; or 
 (B) the Company has obtained and delivered to the Trustee a Rating Reaffirmation in respect of the Notes on the
basis of the incurrence of such Expansion Senior Debt; 
 (8) the final maturity date of the Expansion Senior Debt is no
earlier than the latest “guaranteed substantial completion date” set forth in the applicable engineering, procurement and construction contract for that part of the Development associated with the applicable Train or Trains forming part of
such Expansion; and 
 (9) the Expansion Senior Debt does not benefit from any security or guarantee from the Obligors or the
Sponsor or its Affiliates that is in addition to any security or guarantee from such Persons provided in respect of the Initial Senior Debt unless such security or guarantee is provided for the equal and ratable benefit of each Senior Creditor. 

Section 4.10 Permitted Development Expenditures. 

The Company and any of its Restricted Subsidiaries may make Development Expenditures that qualify as Permitted Development Expenditures. In
addition, for the avoidance of doubt, a Development Expenditure may also be made in connection with an Expansion or as a result of permitted modifications of an engineering, procurement and construction contract. 

Section 4.11 Expansions. 

  
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 (a) Expansions. The Company and any of its Restricted Subsidiaries, subject to
satisfaction of the conditions set forth in Section 4.11(b) below, will have the right to modify existing facilities, and to construct the following additional facilities, including acquiring land for the location of such
additional facilities: 
 (1) one or more Trains (in addition to Train One, Train Two and Train Three) and related storage,
transportation, loading, unloading and other facilities and equipment; 
 (2) other facilities for producing, storing,
loading or unloading LNG or other products required for or associated with the production of LNG, including modifications of the then-existing facilities to provide regasification or bi-directional production
service; 
 (3) expansion of existing pipelines or construction of new pipelines, and related infrastructure; 

(4) other modifications of then-existing Project Facilities; and 

(5) the construction of Project Facilities or other infrastructure pursuant to a Sharing Arrangement permitted under
Section 4.28; 
 (such expansions and/or modifications (and which in each case are not Permitted Development
Expenditures) are referred to as “Expansions” and each an “Expansion”); provided that, notwithstanding the conditions set forth in Section 4.11(b) below, the Company and any of its
Restricted Subsidiaries may at any time (a) conduct front-end engineering, development and design work using Equity Funding; (b) prepare and submit applications for Permits related to any such
Expansion; (c) undertake early works and/or pre-construction activities; and (d) enter into a construction contract or construction contracts with respect to the development of Trains, and related
loading, transportation and storage facilities, that contain obligations and liabilities not exceeding $50,000,000. 
 (b) Conditions to
Expansion. The Company and any of its Restricted Subsidiaries may exercise their foregoing rights in relation to an Expansion if the following conditions are satisfied and the Company shall have delivered to the Trustee a certificate from an
Authorized Officer of the Company certifying that such conditions have been satisfied: 
 (1) the Company has provided to the
Trustee a funding plan covering the full amount of costs in respect thereof in order to achieve substantial completion of each Train, as applicable, forming part of such Expansion, a budget and construction schedule of the Expansion, with an
appropriate contingency and identifying the source of funds to cover such costs (being permitted Expansion Senior Debt, additional funding (including contributions in the form of Subordinated Debt or Equity Funding) from the Sponsor under an equity
commitment agreement (“Expansion Equity Funding Commitment”) and/or Development-generated funds that are projected by the Company to be freely available for Restricted Payments as set forth in
sub-clause (6)(C) below); 
 (2) the Company shall have delivered to the Trustee a
certificate from an Authorized Officer of the Company certifying that no Material Adverse Effect will occur, or would reasonably be expected to occur, as a result of the implementation of such proposed Expansion (including, without limitation, the
construction, ownership or operation thereof), as the case may be; 

  
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 (3) the Independent Engineer shall have certified to the Trustee that it has
reviewed and concurs with the Company’s cost estimate under clause (1) above and the Company’s certification in clause (2) above; 

(4) the Company shall have delivered to the Trustee a certificate from an Authorized Officer of the Company certifying that:

 (A) all material Permits from a Governmental Authority required in respect of the implementation of such proposed
Expansion (excluding any FERC order or Export Authorizations which are addressed in sub-clauses (B) and (C) below) have been obtained or the Company shall have delivered to the Trustee a certificate from
an Authorized Officer of the Company certifying that it reasonably expects such material consents can be obtained by the Obligors when necessary without material expense or delay to construction of the Expansion; 

(B) a FERC order with respect to the Expansion: (i) has been obtained (ii) is in full force and effect, and
(iii) is free from conditions and requirements (y) the compliance with which could reasonably be expected to have a Material Adverse Effect or (z) that the applicable Obligor does not expect to be able to satisfy on or prior to the
commencement of the relevant stage of Development except to the extent that failure to satisfy such condition or requirement would not reasonably be expected to have a Material Adverse Effect; 

(C) each Export Authorization in respect of the quantum of sales contemplated in connection with the Expansion: (i) has
been obtained, (ii) is in full force and effect and (iii) is free from conditions and requirements (y) the compliance with which could reasonably be expected to have a Material Adverse Effect, or (z) that the applicable Obligor
does not expect to be able to satisfy on or prior to the commencement of the relevant stage of Development except to the extent that failure to satisfy such condition or requirement would not reasonably be expected to have a Material Adverse Effect;

 (D) the Company has used reasonable commercial efforts to obtain insurance with respect to the proposed Expansion
consistent with the requirements of Section 4.23 taking into account the type and value of the Expansion; and 

(E) the engineering, procurement and construction contract associated with the proposed Expansion is in effect and no material
payment default exists thereunder; 
 (5) no Event of Default or Unmatured Event of Default has occurred and is Continuing;

  
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 (6) if the funding plan delivered under clause (1) above for any
Expansion contemplates that: 
 (A) Expansion Senior Debt is a source of funding, then (i) such Senior Debt is permitted
under Section 4.09(c) and (ii) the cost of such Expansion that is not covered by Expansion Senior Debt is covered by Expansion Equity Funding Commitments as described in
sub-clause (B) below and/or Development-generated funds meeting the requirements under sub-clause (C) below; 

(B) Expansion Equity Funding Commitments are a source of funding, then the commitment of the Sponsor to provide such Expansion
Equity Funding Commitments is set forth in an irrevocable equity commitment agreement in substantially the form of the CEI Equity Contribution Agreement and the Company’s rights under such funding commitments have been assigned to the Security
Trustee for the benefit of the Senior Creditors, and the Obligors have obtained a direct agreement with the Security Trustee in respect of each such funding commitment from the entity providing such funding commitment; and 

(C) Development-generated funds are a source of funding, then such funds are projected by the Company to be freely available
for Restricted Payments (taking into account the condition to the making of Restricted Payments in Section 4.06(b), but no others), such projection to be detailed, based on reasonable assumptions and certified by an
Authorized Officer to the Trustee. This certification will not require any further determination by the Trustee. 
 Section 4.12 Asset Sales.

 (a) The Company will not, and will not permit any of its Restricted Subsidiaries to, consummate an Asset Sale unless each of the
following conditions are satisfied and the Company shall have delivered to the Trustee a certificate of an Authorized Officer of the Company certifying that such conditions have been satisfied: 

(1) the Company (or the Restricted Subsidiary, as the case may be) receives consideration at the time of the Asset Sale equal
to the Fair Market Value of the assets or Equity Interests issued or sold or otherwise disposed of; and 
 (2) at least 90%
of the consideration therefor received by the Company or such Restricted Subsidiary is in the form of cash, Authorized Investments or Replacement Assets or a combination thereof. For purposes of this provision, each of the following will be deemed
to be cash: 
 (A) any liabilities, as shown on the most recent consolidated balance sheet (or as would be shown on the
Company’s consolidated balance sheet as of the date of such Asset Sale) of the Company or any Restricted Subsidiary (other than contingent liabilities and liabilities that are by their terms subordinated to the Notes or any Note Guarantee) that
are assumed by the transferee of any such assets pursuant to a written novation agreement that releases the Company or such Restricted Subsidiary from further liability therefor; and 

(B) any securities, Notes or other obligations received by the Company or such Restricted Subsidiary from such transferee that
are converted by the Company or such Restricted Subsidiary into cash or Authorized Investments within ninety (90) days after such Asset Sale, to the extent of the cash or Authorized Investments received in that conversion. 

  
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 (b) Within three hundred and sixty (360) days after the receipt of any Net Cash
Proceeds from an Asset Sale, the Company (or the applicable Restricted Subsidiary, as the case may be) may apply an amount equal to such Net Cash Proceeds: 

(1) to repay any Senior Debt in accordance with the applicable Senior Debt Instrument; or 

(2) to make any capital expenditure or to purchase Replacement Assets (or enter into a binding agreement to make such capital
expenditure or to purchase such Replacement Assets); provided that (i) such capital expenditure or purchase is consummated within the later of (x) three hundred and sixty (360) days after the receipt of the Net Cash Proceeds
from the related Asset Sale and (y) one hundred and eighty (180) days after the date of such binding agreement and (ii) if such capital expenditure or purchase is not consummated within the period set forth in subclause (i), the
amount not so applied will be deemed to be Excess Proceeds. 
 (c) Pending the final application of any Net Cash Proceeds, the Company or
the applicable Restricted Subsidiary may reduce Working Capital Debt or other revolving credit borrowings or otherwise invest the Net Cash Proceeds in any manner that is not prohibited by this Indenture. 

(d) An amount equal to any Net Cash Proceeds from Asset Sales that are not applied or invested as provided in the preceding paragraphs of this
Section 4.12 will constitute “Excess Proceeds.” If on any date, the aggregate amount of Excess Proceeds exceeds $200,000,000, then within ten (10) Business Days after such date, the Company will make
an Asset Sale Offer in accordance with Section 3.09. The offer price or prepayment amount in any Asset Sale Offer will be equal to 100% of the principal amount of the Notes plus accrued and unpaid interest and to, but
excluding, the date of purchase, and will be payable in cash. If any Excess Proceeds remain unapplied after consummation of an Asset Sale Offer, the Company and its Restricted Subsidiaries may use those Excess Proceeds for any purpose not otherwise
prohibited by this Indenture. Upon completion of each Asset Sale Offer, the amount of Excess Proceeds will be reset at zero. 
 (e)
Notwithstanding the foregoing, the sale, conveyance or other disposition of all or substantially all of the assets of the Company and its Restricted Subsidiaries, taken as a whole, will be governed by the provisions of
Section 5.01 and not by the provisions of this Section 4.12. 
 (f) The Company will
comply with the requirements of Rule 14e-1 under the Exchange Act and any other securities laws and regulations thereunder to the extent such laws and regulations are applicable in connection with each
repurchase of Notes pursuant to an Asset Sale Offer. To the extent that the provisions of any securities laws or regulations conflict with the provisions of Section 3.09 or this Section 4.12, or
compliance with the provisions of Section 3.09 or this Section 4.12 would constitute a violation of any such laws or regulations, the Company will comply with the applicable securities laws and
regulations and will not be deemed to have breached its obligations under Section 3.09 or this Section 4.12 by virtue of such compliance. 

  
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 (g) If the Trustee, on behalf of the Holders, receives any Net Cash Proceeds applied to the
prepayment of Senior Debt and this Indenture does not require the Company to make an Asset Sale Offer pursuant to this Section 4.12, the Company shall instruct the Trustee to deposit such proceeds in the Construction
Account or the Revenue Account, as applicable, and the Trustee shall be required to make such deposit. 
 (h) Pending their application all
Net Cash Proceeds while held by the Company in an Account will be invested as Authorized Investments in which the Security Trustee has a perfected Security Interest for the benefit of the Secured Parties, subject only to Permitted Liens. The Company
will grant to the Security Trustee, on behalf of the Secured Parties, a security interest, subject only to Permitted Liens, on any property or assets purchased, rebuilt, repaired, replaced or constructed with such Excess Proceeds on the terms set
forth in the Indenture and the Security Documents. 
 Section 4.13 Transactions with Affiliates. 

The Company will not and will not permit any of its Restricted Subsidiaries to, directly or indirectly, enter into any transaction or
agreement with or for the benefit of any of their Affiliates involving aggregate payments or consideration in excess of $25,000,000 except for: 

(a) transactions or agreements required by applicable law or regulation; 

(b) transactions or agreements required or contemplated by the CSAA; 

(c) transactions or agreements contemplated by any Material Project Agreement and entered into in the ordinary course of business (but not the
entering into of a Material Project Agreement or an agreement that, pursuant to the terms of this Indenture, becomes a Material Project Agreement); 

(d) the CMI (UK) LNG SPAs, the Gas and Power Supply Services Agreement and the Tax Sharing Agreements; 

(e) transactions or agreements undertaken on fair and commercially reasonable terms that are not less favorable in the aggregate to the
Company or such Restricted Subsidiary than would be obtained in a comparable agreement with independent parties acting at arm’s length (or, if there is no comparable arm’s-length transaction, then on
terms reasonably determined by the Board of Directors of the Company to be fair and reasonable); 
 (f) transactions or agreements between
or among the Company and/or its Restricted Subsidiaries; 
 (g) Subordinated Debt between or among the Company and/or its Restricted
Subsidiaries and any of their Affiliates; 
 (h) any Sharing Arrangement with an Affiliate of the Company; provided, that the terms
of such agreement provide for the recovery by the Company or its Restricted Subsidiary, as the case may be, of at least the incremental Operation and Maintenance Expenses associated with operations pursuant to such agreement and the Company or such
Restricted Subsidiary has entered into the required Security Documents in respect of its rights under such agreements; 

  
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 (i) any employment agreement, employee benefit plan, officer or director indemnification
agreement or any similar arrangement entered into by the Company or a Restricted Subsidiary, as the case may be, in the ordinary course of business and payments pursuant thereto; 

(j) transactions with a Person (other than an Unrestricted Subsidiary of the Company) that is an Affiliate of the Company solely because the
Company owns, directly or through a Restricted Subsidiary, an Equity Interest in, or controls, such Person; 
 (k) any issuance of Equity
Interests (other than Disqualified Stock) of the Company to Affiliates of the Company; 
 (l) Permitted Investments, including those
permitted under Section 4.06; 
 (m) Permitted Payments; 

(n) any contracts, agreements or understandings existing as of the Notes Issue Date, and any amendments to or replacements of such contracts,
agreements or understandings permitted under the Finance Documents to which the Trustee is a party; 
 (o) any assignment, novation or
transfer of the CMI (UK) LNG SPAs to an Affiliate of the Company or any of its Restricted Subsidiaries; and 
 (p) any arrangements entered
into in accordance with the provisions in Section 4.27 and Section 4.28. 
 Prior to
entering into any agreement with an Affiliate pursuant to clause (e) above, and involving aggregate consideration in excess of $50,000,000, the Company shall deliver to the Trustee a certificate from an Authorized Officer of the Company as to
the satisfaction of the applicable condition set forth in such clause (e). 
 Section 4.14 Liens. 

Subject to Section 3 of the CSAA, the Company will not and will not permit any of its Restricted Subsidiaries to
assume, incur, permit or suffer to exist any Lien on any of their assets, whether now owned or hereafter acquired, except for Permitted Liens. 

Section 4.15 Nature of Business. 

The Company will not, and will not permit any of its Restricted Subsidiaries to engage in any business or activities other than the Permitted
Businesses, except to such extent as would not be material to the Company and its Restricted Subsidiaries, taken as a whole. 

  
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 Section 4.16 Maintenance of Existence. 

Subject to Section 5.01, the Company and each Guarantor shall do all things necessary to maintain: (a) its
corporate, limited liability company or partnership, as applicable, existence in its jurisdiction of organization; provided that the foregoing shall not prohibit conversion into another form of entity or continuation in another jurisdiction
and (b) the power and authority (corporate and otherwise) necessary under the applicable law to own its properties and to carry on the business of the Development. Each of the Company and the Guarantors shall not dissolve, liquidate, and shall
not take any action to amend or modify its corporate constituent or governing documents where such amendment would be adverse in any material respect to the Holders. 

Section 4.17 Change of Control. 

(a) If a Change of Control Triggering Event occurs and the exceptions set forth in Section 4.17(e) do not apply, the
Company will be required to make an offer to repurchase all of the Notes (a “Change of Control Offer”) for payment (a “Change of Control Payment”) in cash equal to 101% of the aggregate principal amount of the Notes
repurchased, plus accrued and unpaid interest to the date of repurchase (“Change of Control Payment Date,” which date will be no earlier than the date of such Change of Control). No later than thirty (30) days following any
Change of Control, the Company will mail, or deliver via e-mail, a notice to each Holder describing the transaction or transactions that constitute the Change of Control and stating: 

(1) that the Change of Control Offer is being made pursuant to this Section 4.17 and that all Notes
tendered will be accepted for payment; 
 (2) the purchase price and the purchase date, which shall be no earlier than thirty
(30) days and no later than sixty (60) days from the date such notice is mailed or delivered via e-mail; 

(3) that any Note not tendered will continue to accrete or accrue interest; 

(4) that, unless the Company defaults in the payment of the Change of Control Payment, all Notes accepted for payment pursuant
to the Change of Control Offer will cease to accrete or accrue interest after the Change of Control Payment Date; 
 (5) that
Holders electing to have any Notes purchased pursuant to a Change of Control Offer will be required to surrender the Notes, with the form entitled “Option of Holder to Elect Purchase” attached to the Notes completed, or transfer by
book-entry transfer, to the Paying Agent at the address specified in the notice prior to the close of business on the third Business Day preceding the Change of Control Payment Date; 

(6) that Holders will be entitled to withdraw their election if the Paying Agent receives, not later than the close of business
on the second Business Day preceding the Change of Control Payment Date, a telegram, telex, facsimile transmission or letter setting forth the name of the Holder, the principal amount of Notes delivered for purchase, and a statement that such Holder
is withdrawing his election to have the Notes purchased; and 

  
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 (7) that Holders whose Notes are being purchased only in part will be issued
new Notes equal in principal amount to the unpurchased portion of the Notes surrendered, which unpurchased portion must be equal to $100,000 in principal amount or an integral multiple of $1,000 in excess thereof. 

The Company will comply with the requirements of Rule 14e-1 under the Exchange Act and any other
securities laws and regulations thereunder to the extent such laws and regulations are applicable in connection with the repurchase of the Notes as a result of a Change of Control. To the extent that the provisions of any securities laws or
regulations conflict with this Section 4.17, or compliance with this Section 4.17 would constitute a violation of any such laws or regulations, the Company will comply with the applicable
securities laws and regulations and will not be deemed to have breached its obligations under this Section 4.17 by virtue of such compliance. 

(b) On the Change of Control Payment Date, the Company will, to the extent lawful: 

(1) accept for payment all Notes or portions of Notes properly tendered pursuant to the Change of Control Offer; 

(2) deposit with the Paying Agent an amount equal to the Change of Control Payment in respect of all Notes or portions of Notes
properly tendered; and 
 (3) deliver or cause to be delivered to the Trustee the Notes properly accepted together with an
Officer’s Certificate stating the aggregate principal amount of Notes or portions of Notes being purchased by the Company. 
 The
Paying Agent will promptly mail (but in any case not later than five (5) days after the Change of Control Payment Date) to each Holder of Notes properly tendered the Change of Control Payment for such Notes, and the Trustee will promptly
authenticate and mail (or cause to be transferred by book-entry) to each Holder a new Note equal in principal amount to any unpurchased portion of the Notes surrendered, if any; provided that each such new Note will be in a principal amount
of $100,000 or an integral multiple of $1,000 in excess thereof. 
 (c) The Company will publicly announce the results of the Change of
Control Offer on or as soon as practicable after the Change of Control Payment Date. 
 (d) If Holders of not less than 90% in aggregate
principal amount of the outstanding Notes validly tender and do not withdraw such Notes in a Change of Control Offer and the Company, or any third party making a Change of Control Offer in lieu of the Company as described below, purchases all of the
Notes validly tendered and not withdrawn by such Holders, the Company will have the right, upon not less than thirty (30) nor more than sixty (60) days’ prior notice, given not more than thirty (30) days following such purchase
pursuant to the Change of Control Offer described above, to redeem all Notes that remain outstanding following such purchase at a redemption price in cash equal to the applicable Change of Control Payment plus, to the extent not included in the
Change of Control Payment, accrued and unpaid interest to the date of redemption. 

  
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 (e) Notwithstanding anything to the contrary in this Section 4.17,
the Company will not be required to make a Change of Control Offer upon a Change of Control if (1) a third party makes the Change of Control Offer in the manner, at the times and otherwise in compliance with the requirements set forth in this
Section 4.17 and purchases all Notes properly tendered and not withdrawn under the Change of Control Offer, or (2) notice of redemption has been given pursuant to Section 3.03 with respect to
a redemption of Notes pursuant to Section 3.07, unless and until there is a default in payment of the applicable redemption price. 

(f) If the Change of Control Payment Date is on or after an interest record date but on or prior to the related interest payment date, then
any accrued and unpaid interest shall be paid to the Person in whose name such note was registered at the close of business on such record date. 

Section 4.18 [Reserved]. 
 Section 4.19
Events of Loss. 
 (a) If an Event of Loss (other than a Catastrophic Casualty Event) has occurred, Insurance Proceeds and
Condemnation Proceeds, as applicable, received by the Company or any Restricted Subsidiary as a result thereof will be applied to rebuilding, repairing, replacing or constructing improvements to the Project Facilities, with no obligation to make any
purchase of Notes. 
 (b) If an Event of Loss is a Catastrophic Casualty Event, then within one hundred and twenty (120) days following
the Catastrophic Casualty Event of Loss, the Company will deliver to the Trustee: 
 (1) a written confirmation from a
reputable contractor or engineer that the Project Facilities can be rebuilt, repaired, replaced or constructed and operating within five hundred and forty (540) days following the time such proceeds are received; and 

(2) a certificate from an Authorized Officer certifying that the applicable entity has available from Insurance Proceeds or
Condemnation Proceeds, as applicable, cash on hand, projected Cash Flow taking into account the impact of such event, binding equity commitments with respect to funds, anticipated insurance proceeds and/or available borrowings under Indebtedness
permitted under Section 4.08 to complete the rebuilding, repair, replacement or construction described in Section 4.19(a) and to pay debt service on its Indebtedness during the repair and
restoration period. 
 (c) If a Catastrophic Casualty Event has occurred, but (i) the confirmation in
Section 4.19(b)(1) and Section 4.19(b)(2) is not provided within the required one hundred and twenty (120) days or (ii) if provided, any Insurance Proceeds or Condemnation Proceeds
received in connection therewith are not reinvested (or committed for investment by the Company or any Restricted Subsidiary) within the required five hundred and forty (540) days, such proceeds will be deemed “Excess Loss
Proceeds”. 

  
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 (d) If on any date the aggregate amount of Excess Loss Proceeds exceeds $500,000,000, then
within fifteen (15) Business Days after such date, the Company will make an Excess Loss Proceeds Offer in accordance with Section 3.09. Such purchase, redemption or repayment will be subject to the pro rata
payment provisions in the CSAA. The offer price or prepayment amount in any Excess Loss Proceeds Offer will be equal to 100% of the principal amount of the Notes plus accrued but unpaid interest to, but excluding, the date of purchase, and will be
payable in cash. If any Excess Loss Proceeds remain unapplied after consummation of an Excess Loss Proceeds Offer, the Company and its Restricted Subsidiaries may use those Excess Proceeds for any purpose not otherwise prohibited by this Indenture.
Upon completion of each Excess Loss Proceeds Offer, the amount of Excess Loss Proceeds will be reset at zero. 
 (e) The Company will comply
with the requirements of Rule 14e-1 under the Exchange Act and any other securities laws and regulations thereunder to the extent such laws and regulations are applicable in connection with each repurchase of
Notes pursuant to an Excess Loss Proceeds Offer. To the extent that the provisions of any securities laws or regulations conflict with the provisions of Section 3.09 or this Section 4.19, or
compliance with the provisions of Section 3.09 or this Section 4.19 would constitute a violation of any such laws or regulations, the Company will comply with the applicable securities laws and
regulations and will not be deemed to have breached its obligations under Section 3.09 or this Section 4.19 by virtue of such compliance. 

(f) If the Trustee, on behalf of the Holders, receives any Insurance Proceeds or Condemnation Proceeds applied to the prepayment of Senior
Debt and this Indenture does not require the Company to make an Excess Loss Proceeds Offer pursuant to this Section 4.19, the Company shall instruct the Trustee to deposit such proceeds in the Construction Account or the
Revenue Account, as applicable, and the Trustee shall be required to make such deposit. 
 (g) Pending their application all Insurance
Proceeds and Condemnation Proceeds while held by the Company in an Account will be invested as Authorized Investments in which the Security Trustee has a perfected Security Interest for the benefit of the Secured Parties, subject only to Permitted
Liens. The Company will grant to the Security Trustee, on behalf of the Secured Parties, a security interest, subject only to Permitted Liens, on any property or assets purchased, rebuilt, repaired, replaced or constructed with such Insurance
Proceeds and Condemnation Proceeds on the terms set forth in the Indenture and the Security Documents. 
 Section 4.20 Performance Liquidated
Damages. 
 (a) If no Loans or Senior Debt Commitments in connection therewith are outstanding and the Company or a Restricted
Subsidiary has received Performance Liquidated Damages, measured following the Substantial Completion of the last Train to be completed within the Project Facilities contemplated under the EPC Contract (T1/T2), it shall use such Performance
Liquidated Damages, within one hundred and eighty (180) days following receipt thereof (or two hundred and seventy (270) days if a commitment to complete, repair, refurbish or improve the Project Facilities is entered within one hundred
and eighty (180) days following the receipt of such proceeds) to: 
 (1) complete, repair, refurbish or improve the
Project Facilities in respect of which the Performance Liquidated Damages were paid or other Project Facilities under construction related to the Corpus Christi Terminal Facility or the Corpus Christi Pipeline; or 

  
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 (2) repay or reimburse providers of Equity Funding to the extent such Equity
Funding was used to complete, repair, refurbish or improve the Project Facilities in respect of which the Performance Liquidated Damages were paid or other Project Facilities under construction related to the Corpus Christi Terminal Facility or the
Corpus Christi Pipeline. 
 (b) Any Performance Liquidated Damages that are not applied in the manner and within the time periods set forth
in the foregoing paragraph will be deemed “PLD Excess Proceeds.” 
 (c) If on any date the aggregate amount of PLD Excess
Proceeds exceeds $10,000,000, then within ten (10) Business Days after such date, the Company shall make a PLD Excess Proceeds Offer in accordance with Section 3.09. The offer price in any PLD Excess Proceeds Offer
will be equal to 100% of the principal amount of the Notes, plus accrued but unpaid interest, to, but excluding the date of purchase, and will be payable in cash. If any PLD Excess Proceeds remain after consummation of a PLD Excess Proceeds Offer,
the Company may use those PLD Excess Proceeds for any purpose not otherwise prohibited by this Indenture. Upon completion of each PLD Excess Proceeds Offer, the amount of PLD Excess Proceeds for the purposes of this paragraph will be reset at zero.

 (d) The Company will comply with the requirements of Rule 14e-1 under the Exchange Act and any
other securities laws and regulations thereunder to the extent such laws and regulations are applicable in connection with each repurchase of Notes pursuant to a PLD Excess Proceeds Offer. To the extent that the provisions of any securities laws or
regulations conflict with the provisions of Section 3.09 or this Section 4.20, or compliance with the provisions of Section 3.09 or this
Section 4.20 would constitute a violation of any such laws or regulations, the Company will comply with the applicable securities laws and regulations and will not be deemed to have breached its obligations under
Section 3.09 or this Section 4.20 by virtue of such compliance. 
 (e) If the Trustee,
on behalf of the Holders, receives any Performance Liquidated Damages applied to the prepayment of Senior Debt and this Indenture does not require the Company to make a PLD Excess Proceeds Offer pursuant to this
Section 4.20, the Company shall instruct the Trustee to deposit such proceeds in the Construction Account or the Revenue Account, as applicable, and the Trustee shall be required to make such deposit. 

(f) Pending their application all Performance Liquidated Damages while held by the Company in an Account will be invested as Authorized
Investments in which the Security Trustee has a perfected Security Interest for the benefit of the Secured Parties, subject only to Permitted Liens. The Company will grant to the Security Trustee, on behalf of the Secured Parties, a security
interest, subject only to Permitted Liens, on any property or assets purchased, rebuilt, repaired, replaced or constructed with such Performance Liquidated Damages on the terms set forth in the Indenture and the Security Documents. 

  
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 Section 4.21 LNG SPA Mandatory Offer. 

(a) The Company shall make a LNG SPA Mandatory Prepayment as required by the Common Terms Agreement and, for purposes of implementing the
pro rata payment of Senior Debt Obligations provisions of the CSAA, if either of the events set forth below occurs (each, an “Indenture LNG SPA Prepayment Event”), the Company will make an LNG SPA Mandatory Offer in
accordance with Section 3.09 as set forth below: 
 (1) CCL breaches the LNG SPA maintenance
covenant in Section 4.29; or 
 (2) with respect to a Required LNG SPA, a Required Export
Authorization becomes Impaired and CCL does not (i) provide a remediation plan to the Trustee (setting forth in reasonable detail proposed steps to reinstate the Required Export Authorization or to modify its LNG SPA arrangements such that such
Export Authorization is no longer a Required Export Authorization with respect to any or all of such Required LNG SPAs (each such item, an “Export Authorization Remediation”)) within thirty (30) days following such Impairment,
and (ii) cause such Export Authorization Remediation to become effective within ninety (90) days following the occurrence of such Impairment, which period is automatically extended by an additional ninety (90) days to effect the
Export Authorization Remediation if CCL certifies to the Trustee prior to the termination of the initial ninety (90) day period that (A) CCL is diligently pursuing its plan for the Export Authorization Remediation and (B) the
Impairment of the Required Export Authorization could not reasonably be expected to result in a Material Adverse Effect during such subsequent cure period; provided that if no Loans or Senior Debt Commitments in connection therewith remain
outstanding, the maximum period within which CCL shall effect such Export Authorization Remediation under sub-clause (b)(ii) is three hundred and sixty (360) days. 

(b) To the extent any Loans or Senior Debt Commitments in connection therewith are outstanding and the Intercreditor Agent has approved any
extension of the time period in which a remediation plan must be submitted or in which an Export Authorization Remediation must take effect, then the Company shall have the benefit of such extended period under this Indenture to submit such
remediation plan or for such Export Authorization Remediation to take effect. 
 (c) For so long as at least $1 billion of Loans or
Senior Debt Commitments in connection therewith are outstanding, the Company shall make an LNG SPA Mandatory Prepayment in accordance with the provisions of the Common Terms Agreement (including an LNG SPA Mandatory Offer in an amount as determined
in accordance with the applicable pro rata payment of Senior Debt Obligations provisions of the CSAA) in an amount as determined in accordance with the LNG SPA Mandatory Prepayment provisions of the Common Terms Agreement (such amount, the
“LNG SPA Mandatory Prepayment Amount (CTA Calculation)”). 
 (d) For so long as Loans or Senior Debt Commitments in
connection therewith are outstanding but are less than $1 billion, the Company shall make a LNG SPA Mandatory Prepayment in accordance with the provisions of the Common Terms Agreement (including an LNG SPA Mandatory Offer in an amount as
determined in accordance with the applicable pro rata payment of Senior Debt Obligations provisions of the CSAA) in an amount (such amount, the “LNG SPA Mandatory Prepayment Amount (CTA/Indenture Calculation)”) equal to the greater
of: 
 (1) the amount of the LNG SPA Mandatory Prepayment as required by the Common Terms Agreement; and 

  
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 (2) the difference between: 

(A) the aggregate principal amount of Senior Debt then outstanding plus the aggregate principal amount of undrawn Facility Debt
Commitments, less 
 (B) the maximum amount of Senior Debt that can be incurred such that it is capable of being amortized to
a zero balance through the termination date of the last to terminate of the Qualifying LNG SPAs then in effect (including any Replacement Indenture Qualifying LNG SPAs entered into to replace any LNG SPAs whose termination triggered the Indenture
LNG SPA Prepayment Event) and produces an Projected Fixed DSCR of at least 1.40:1.00 through the terms of such Qualifying LNG SPAs, with such calculation using all such Qualifying LNG SPAs in respect of which there is in effect their Required Export
Authorizations which are not Impaired, and using an interest rate equal to the weighted average interest rate of all Senior Debt (other than Working Capital Debt) then outstanding. 

(e) For so long as there are no Loans or Senior Debt Commitments in connection therewith outstanding, the Company shall make an LNG SPA
Mandatory Offer in accordance with Section 3.09 in an aggregate amount (such amount, the “LNG SPA Mandatory Offer Amount”) equal to: 

(1) the aggregate principal amount of Notes and other Senior Debt then outstanding, less 

(2) the maximum amount of Senior Debt that can be incurred such that it is capable of being amortized to a zero balance through
the termination date of the last to terminate of the Qualifying LNG SPAs then in effect (including any new Qualifying LNG SPAs entered into to replace an LNG SPA whose termination triggered the Indenture LNG SPA Prepayment Event) and produces an
Projected Fixed DSCR of at least 1.40:1.00 through the terms of such Qualifying LNG SPAs, with such calculation using all such Qualifying LNG SPAs in respect of which there is in effect their Required Export Authorizations which are not Impaired,
and using an interest rate equal to the weighted average interest rate of all Senior Debt (other than Working Capital Debt) then outstanding. 

(f) The offer price in any LNG SPA Mandatory Offer will be equal to 100% of the principal amount of the Notes, plus accrued but unpaid
interest, to but excluding the date of purchase and will be payable in cash. 
 (g) In the event that the principal amount of Notes tendered
pursuant to the LNG SPA Mandatory Offer, together with accrued but unpaid interest thereon to, but excluding, the date of purchase, is: 

(1) in the case of an LNG SPA Mandatory Offer made pursuant to Section 4.21(c) less than the pro
rata portion of the LNG SPA Mandatory Prepayment Amount (CTA Calculation) that is required to be applied toward the LNG SPA Mandatory Offer pursuant to the pro rata payment of Senior Debt Obligation provisions of the CSAA, the amount of
the difference shall be applied as if it was a Senior Debt Obligation (other than Notes) to be prepaid in accordance with the LNG SPA Mandatory Prepayment provisions of the Common Terms Agreement; 

  
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 (2) in the case of an LNG SPA Mandatory Offer made pursuant to
Section 4.21(d) less than the pro rata portion of the LNG SPA Mandatory Prepayment Amount (CTA/Indenture Calculation) that is required to be applied toward the LNG SPA Mandatory Offer pursuant to the pro rata
payment of Senior Debt Obligation provisions of the CSAA, the amount of the difference shall be applied as if it was a Senior Debt Obligation (other than Notes) to be prepaid in accordance with the LNG SPA Mandatory Prepayment provisions of the
Common Terms Agreement; and 
 (3) in the case of an LNG SPA Mandatory Offer made pursuant to the
Section 4.21(e), less than the LNG SPA Mandatory Offer Amount, the Company shall not have any further obligations with respect to such LNG SPA Mandatory Offer. 

(h) The Company will comply with the requirements of Rule 14e-1 under the Exchange Act and any other
securities laws and regulations thereunder to the extent such laws and regulations are applicable in connection with each repurchase of Notes pursuant to a LNG SPA Mandatory Offer. To the extent that the provisions of any securities laws or
regulations conflict with the provisions of Section 3.09 or this Section 4.21 or compliance with the provisions of Section 3.09 or this
Section 4.21 would constitute a violation of any such laws or regulations, the Company will comply with the applicable securities laws and regulations and will not be deemed to have breached its obligations under
Section 3.09 or this Section 4.21 by virtue of such compliance. 
 Section 4.22 Access. 

The Company will and will cause each of its Restricted Subsidiaries to grant the Trustee or its designee from time to time, including during
the pendency of an Unmatured Event of Default or an Event of Default, upon fifteen (15) days’ advance notice but no more than twice per calendar year (unless an Unmatured Event of Default or an Event of Default has occurred and is
Continuing, in which case such access shall be granted upon reasonable prior written notice) reasonable access to all of its books and records and the physical facilities of the Development. All such inspections must be conducted during normal
business hours, subject to the confidentiality arrangements pursuant to the confidentiality provisions of the CSAA, in a manner that does not disrupt the operation of the Development. So long as an Unmatured Event of Default or an Event of Default
has occurred and is Continuing, the reasonable fees and documented expenses of such persons will be for the account of the Company. 
 Section 4.23
Insurance. 
 Each of the Company and its Restricted Subsidiaries will obtain and maintain insurance with financially sound insurers,
in such form and amounts as necessary to insure the probable maximum loss for the Development, except where not available on commercially reasonable terms. The Company shall cause each insurance policy to name the Secured Parties and/or the Security
Trustee on behalf of the Secured Parties as named insureds, and in the case of any property insurance, loss payees to the extent provided under, in accordance with and pursuant to terms of, the CSAA. 

  
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 For so long as the Loans or Senior Debt Commitments in connection therewith are outstanding,
the maintenance of insurance required to be procured and maintained pursuant to the insurance covenant of the Common Terms Agreement shall be deemed to meet the insurance covenant in this Section 4.23. 

Section 4.24 Compliance with Law. 

Each of the Company and its Restricted Subsidiaries will comply in all respects with all applicable laws, rules, regulations and orders
(excluding tax laws, in respect of which Section 4.05 is applicable), except where such failure to comply would not reasonably be expected to have a Material Adverse Effect. 

Section 4.25 [Reserved]. 
 Section 4.26
Material Project Agreements. 
 The Company will and will cause each of its Restricted Subsidiaries, as applicable, to
(i) maintain in effect all Material Project Agreements to which it is a party and (ii) comply in all material respects with their payment and other material obligations under the Material Project Agreements, except in each case: 

(a) to the extent a Material Project Agreement is permitted to expire, be terminated or replaced under this Indenture or expires or is
replaced in accordance with its terms; 
 (b) to the extent provided in Section 4.21 and
Section 4.29 in relation to LNG SPAs; or 
 (c) to the extent that failure to do so would not reasonably be
expected to have a Material Adverse Effect. 
 The Company will not and will not permit its Restricted Subsidiaries to agree to any material
amendment of any Material Project Agreement to which it is or becomes a party (except as permitted in Section 4.30) unless (a) a copy of such amendment has been delivered to the Trustee at least five (5) days in
advance of the effective date thereof along with a certificate of an Authorized Officer of the Company certifying that the proposed amendment or termination would not reasonably be expected to have a Material Adverse Effect; or (b) the Company
or the applicable Restricted Subsidiary has obtained the consent of the Intercreditor Agent, if at least $1 billion of Loans or Senior Debt Commitments in connection therewith are outstanding, and if not, a majority of the Holders to such
amendment. 
 Section 4.27 Customary Lifting and Balancing Arrangements. 

The Company and/or any of its Restricted Subsidiaries may enter into one or more lifting and balancing arrangements with an External Train
Entity containing provisions for borrowing, loaning or supply of Gas and/or LNG provided that: 
 (a) such lifting and balancing
arrangements are entered into on fair and commercially reasonable terms that are not less favorable in the aggregate to the Company and/or the applicable Restricted Subsidiary than would be obtained in a comparable agreement with independent parties
acting at arm’s length; 

  
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 (b) the Company shall have delivered to the Trustee a certificate from an Authorized Officer
of the Company certifying that (i) after giving effect to such lifting and balancing arrangements (and any amendment thereto), the Company reasonably expects to be able to meet its performance and operational obligations under all then
effective Material Project Agreements (to which the Independent Engineer has reasonably concurred); (ii) no Material Adverse Effect would reasonably be expected to occur as a result of the implementation of the proposed lifting and balancing
arrangement; and (iii) all conditions provided under this Section 4.27 have been satisfied; and 
 (c) the
Company takes any action that may then be required to grant and perfect security over its rights, title and interest therein to the Senior Creditors as required by the CSAA. 

Any such agreements shall be automatically deemed to be Material Project Agreements when the conditions above are satisfied. 

Section 4.28 Sharing of Project Facilities. 

The Company and/or any of its Restricted Subsidiaries may enter into one or more agreements for the (x) sharing, quiet enjoyment and use
by any External Train Entity of any Project Facilities (including the Corpus Christi Pipeline), and of any capacity, and/or processing or storage rights of any of the foregoing and/or (y) for the sharing, quiet enjoyment, and use by the Company
and/or any of its Restricted Subsidiaries of facilities of an External Train Entity, and of any capacity and/or processing or storage rights of any of the foregoing (each a “Sharing Arrangement”), in each case (whether on a capacity
borrowing, lending or swap basis, a committed tolling or pooling basis or otherwise), subject only to the following conditions: 
 (a) 

(1) the Sharing Arrangement does not involve any sale, lease or creation of a Lien over the assets of the Development, other
than: 
 (A) any sale, lease or Lien over Real Estate which (i) is owned by the Company or a Restricted Subsidiary of
the Company but is not reasonably necessary for siting, constructing or operating the Project Facilities (as then under construction and/or operation), (ii) would not otherwise materially adversely impact the construction and/or operation of the
Project Facilities (as then under construction and/or operation) or their performance as contemplated under their applicable engineering, construction or procurement contract or (iii) could not reasonably be expected to have a Material Adverse
Effect (with reasonable concurrence of the Independent Engineer in the case of reliance on clauses (1) or (2)); and 

(B) any Permitted Liens or any customary easements, related subordination and
non-attornment provisions or similar Liens employed for the grant of quiet enjoyment rights of use over facilities whose use is shared by one or more entities and which could not reasonably be expected to have
a Material Adverse Effect. 

  
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 (2) Cheniere LNG O&M Services, LLC remains the operator of any Project
Facilities subject to such Sharing Arrangement; 
 (3) such Sharing Arrangement provides that, as a condition precedent to
the commencement of any use, sharing or pooling of capacity in a facility that is owned by an External Train Entity, that such facility has reached substantial completion in accordance with the applicable engineering, construction and procurement
contract; 
 (4) the Company shall have delivered to the Trustee a certificate from an Authorized Officer of the Company (to
which the Independent Engineer has reasonably concurred) certifying that after giving effect to such proposed Sharing Arrangement, CCL and CCP will hold capacity and use rights across the Project Facilities (as supplemented by any facilities
developed and used by the External Train Entity) sufficient for the Company to meet its obligations under all then-effective Material Project Agreements; 

(5) the Company shall take all actions required to grant a perfected security interest over the Company’s rights, title
and interest in the agreements evidencing such Sharing Arrangements to the Senior Creditors as required by the CSAA (or any other Security Document executed pursuant thereto); 

(6) no Event of Default or Unmatured Event of Default has occurred and is Continuing or would occur as a result of the
implementation of the Sharing Arrangement, and the Company so certifies; and 
 (7) the Company shall have delivered to the
Trustee a certificate from an Authorized Officer of the Company certifying that (A) all requirements described in this Section 4.28 have been complied with, (B) no Material Adverse Effect could reasonably be
expected to arise as a result of implementing the proposed Sharing Arrangements and (C) all material Permits from a Governmental Authority required in respect of the implementation of such proposed Sharing Arrangement have been obtained or the
Company shall have delivered to the Trustee a certificate from an Authorized Officer of the Company certifying that it reasonably expects such material consents can be obtained by the Obligors when necessary without material expense or delay to
implementation of the Sharing Arrangement; and 
 (b) the amount of all Senior Debt (excluding Working Capital Debt and excluding all
Indebtedness under Permitted Senior Debt Hedging Instruments) of the Company outstanding after giving effect to such Sharing Arrangements is capable of being amortized to a zero balance by the termination date of the last to terminate of the
Qualifying LNG SPAs then in effect and produces a Projected Fixed DSCR that is not less than the Projected Fixed DSCR derived from amortizing the amount of all Senior Debt (excluding Working Capital Debt and excluding all Indebtedness under
Permitted Senior Debt Hedging Instruments) of the Company outstanding prior to giving effect to such Sharing Arrangements to a zero balance by the termination date of the last to terminate of such Qualifying LNG SPAs, in each case through the terms
of such Qualifying LNG 

  
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SPAs, with such calculations using such Qualifying LNG SPAs and using an interest rate equal to (i) in the case of an amortization calculation after giving effect to such Sharing
Arrangements, the weighted average interest rate of all such Senior Debt (excluding Working Capital Debt) outstanding after giving effect thereto and (ii) in the case of an amortization calculation prior to giving effect to such Sharing
Arrangements, the weighted average interest rate of all such Senior Debt (excluding Working Capital Debt) outstanding prior to giving effect thereto. 

Any such agreements shall be automatically deemed to be Material Project Agreements when the conditions above are satisfied. 

Section 4.29 LNG SPA Maintenance. 

The Company will make a mandatory offer to repurchase Notes in accordance with Section 4.21 if CCL fails to maintain
LNG SPAs constituting a combination of the Initial LNG SPAs and/or other Qualifying LNG SPAs providing for commitments to purchase LNG in quantities at least equal to the Base Committed Quantity unless, upon termination of the Initial LNG SPA or any
other Qualifying LNG SPA, CCL enters into Qualifying LNG SPA(s) (each, a “Replacement Indenture Qualifying LNG SPA”) within ninety (90) days following such termination to the extent necessary to meet the Base Committed
Quantity, which period will be automatically extended by an additional ninety (90) days if the Company certifies to the Trustee prior to the termination of the initial ninety (90) day period that: 

(a) CCL intends to replace such terminated LNG SPA with one or more LNG SPA that would each be a Qualifying LNG SPA that enable CCL to meet the
Base Committed Quantity requirement set forth above and is diligently pursuing such replacement; and 
 (b) the termination of such
Qualifying LNG SPA would not reasonably be expected to result in a Material Adverse Effect during such subsequent cure period; 
 provided that
(i) if any Loans or Senior Debt Commitments in connection therewith are outstanding and the Intercreditor Agent has approved an extension of any of the above cure periods, then the Company shall have the benefit of such extended cure period
under this Indenture to replace such terminated LNG SPA and (ii) if no Loans or Senior Debt Commitments in connection therewith are outstanding, the maximum period within which to replace such terminated LNG SPA shall be three hundred and sixty
(360) days. 
 A “Qualifying LNG SPA” comprises each of the Initial LNG SPAs and any other LNG SPA that meets each of
the following conditions: 
 (c) With respect to any new LNG SPA or a Replacement Indenture Qualifying LNG SPA: 

(1) for so long as at least $1 billion of Loans or Senior Debt Commitments in connection therewith are outstanding, such
LNG SPA is approved by the Intercreditor Agent; 
 (2) such LNG SPA is entered into for a Qualifying Term and is entered into
(i) with an Investment Grade LNG Buyer or, (ii) for so long as at least $1 billion of Loans or Senior Debt Commitments in connection therewith are outstanding, any entity approved pursuant to the terms of the Loans; or 

  
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 (3) in the case of: 

(A) any new LNG SPA, the Company has obtained and delivered to the Trustee a Rating Reaffirmation which takes into account the
proposed LNG SPA and LNG Buyer; or 
 (B) one or more Replacement Indenture Qualifying LNG SPAs that replace one or more
terminated LNG SPAs which, in the aggregate, would require the delivery of an annual contracted quantity of no more than 208,571,428 MMBtu in order to replace such terminated LNG SPAs in full, the Company has obtained and delivered to the Trustee a
Rating Reaffirmation which (y) takes into account the Replacement Indenture Qualifying LNG SPAs and the LNG Buyers and (z) reaffirms the Company’s rating in effect immediately prior to the occurrence of the termination event giving
rise to the termination of the LNG SPAs being replaced (but prior to the running of any applicable notice period or cure period thereunder); and 

(d) no Material Adverse Effect occurs, or could reasonably be expected to occur, as a result of entering into such LNG SPA or, in the case of
a Replacement Indenture Qualifying LNG SPA, the termination of the LNG SPA being replaced and the entering into of the Replacement Indenture Qualifying LNG SPA, taken as a whole. 

The Company will notify the Trustee upon entry into any new Qualifying LNG SPA promptly (and in any event, within thirty (30) days of
entry into such agreement), which notice will provide (a) a description thereof to the Trustee and (b) a statement of whether the Non-FTA Authorization, FTA Authorization, both of the foregoing or
any other Export Authorization(s) are Required Export Authorizations in respect of such Qualifying LNG SPA, in accordance with the definition of Required Export Authorization, together with reasonable background information to support such
designation and (c) a certification to the effect set forth in clause (b) above. Any LNG SPA that becomes a Qualifying LNG SPA will automatically be deemed to be a Material Project Agreement. 

Section 4.30 Amendment of LNG SPAs. 

Except to the extent such amendment or modification is required by applicable law or regulation of any Governmental Authority, CCL will not
agree to any amendment or modification to the terms or provisions of any Qualifying LNG SPA if such amendment or modification would or could reasonably be expected to have a Material Adverse Effect. 

Section 4.31 Sale of Supplemental Quantities. 

LNG SPAs may be entered into by CCL in respect of Supplemental Quantities of LNG and such LNG SPAs may be of any duration, on any terms and to
buyers of any credit quality; provided that (a) performance under such LNG SPAs would not reasonably be expected to have a Material Adverse Effect; and (b) entry into and the terms of such LNG SPA will not result in a breach of any
Required LNG SPA then in effect. Supplemental Quantities may also be sold at any time pursuant to the CMI (UK) LNG SPAs. The CMI (UK) LNG SPAs shall be deemed to meet the foregoing requirements. 

  
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 Section 4.32 Export Authorizations. 

CCL will use commercially reasonable efforts to maintain in full force and effect both the FTA Authorization and the Non-FTA Authorization, and shall comply therewith, except where failure to do so would not reasonably be expected to have a Material Adverse Effect. 

Section 4.33 FERC Order. 
 CCL and
CCP will maintain in full force and effect and comply in all material respects with the FERC Order, except where failure to do so would not reasonably be expected to have a Material Adverse Effect. 

The Company and its Restricted Subsidiaries may amend or modify the FERC Order and any conditions thereof only to the extent that such
amendment or modification would not reasonably be expected to have a Material Adverse Effect. 
 Section 4.34 [Reserved]. 

Section 4.35 Project Construction; Maintenance of Properties. 

The Company will and will cause each of its Restricted Subsidiaries to use their respective commercially reasonable efforts to perform, or
cause to be performed, all work and services required or appropriate in connection with the design, engineering, construction, testing and commencement of operations of the Development. On or prior to the Project Completion Date, the Company shall
have delivered to the Trustee a certificate from an Authorized Officer of the Company (which certificate shall be confirmed to be reasonable by the Independent Engineer) certifying (a) that “Ready for Start Up” and “Substantial
Completion” with respect to Train Three have occurred as defined in and pursuant to the EPC Contract (T3) and (b) the Company’s calculation of the Permitted Completion Amount. 

Section 4.36 Maintenance of Liens. 

(a) The Company shall, and shall cause each of its Restricted Subsidiaries to, grant a security interest to the Security Trustee in its right,
title and interest in, to and under its property to the extent and in accordance with, and subject to the exclusions set forth in, the Security Documents and the Company shall, and shall cause each of its Restricted Subsidiaries to, take, or cause
to be taken, all action reasonably required by the Security Trustee to maintain and preserve the Security Interests created by the Security Documents to which it is a party and the priority of such Security Interests as set forth in such Security
Documents. 
 (b) The Company shall, and shall cause each of its Restricted Subsidiaries to, from time to time execute or cause to be
executed any and all further instruments (including financing statements, continuation statements and similar statements with respect to any Security Document) reasonably requested by the Security Trustee for such purposes. 

  
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 (c) The Company shall, and shall cause each of its Restricted Subsidiaries to, preserve and
maintain good, legal and valid title to, or rights in, the Collateral free and clear of Liens other than Permitted Liens to the extent and in accordance with, and subject to the exclusions set forth in, the Security Documents. The Company shall, and
shall cause each of its Restricted Subsidiaries to, promptly discharge at the Obligor’s cost and expense, any Lien (other than Permitted Liens) on the Collateral to the extent and in accordance with, and subject to the exclusions set forth in,
the Security Documents. 
 Section 4.37 Credit Rating Agencies. 

The Company will use its commercially reasonable efforts to cause the Notes to be rated by at least two Recognized Credit Rating Agencies. If
any Recognized Credit Rating Agency ceases to be a “nationally recognized statistical rating organization” registered with the SEC or ceases to be in the business of rating securities of the type and nature of the Notes, the Company may
replace the rating received from it with a rating from any other Acceptable Rating Agency. 
 Section 4.38 Additional Note Guarantees. 

If the Company or any of its Restricted Subsidiaries acquires or creates another Domestic Subsidiary, then such Domestic Subsidiary will
(a) execute a supplemental indenture in the form attached hereto as Exhibit E (together with a corresponding Notation of Guarantee in the form attached hereto as Exhibit D), (b) accede to the CSAA and become a “Guarantor” and
“Securing Party” thereunder, and (c) if applicable, execute the Common Terms Agreement and any Facility Agreement as a guarantor and “Loan Party” thereunder, in each case within fifteen (15) Business Days of the date on
which such Domestic Subsidiary is acquired or created; provided that any such Restricted Subsidiary that is an Immaterial Subsidiary is not required to become a Guarantor until it ceases to be an Immaterial Subsidiary. The Company shall
deliver an Opinion of Counsel to the Trustee as of the date of such accession to the CSAA and execution of the supplemental indenture. 
 Section 4.39
Designation of Restricted and Unrestricted Subsidiaries. 
 The Board of Directors of the Company may designate any Restricted
Subsidiary to be an Unrestricted Subsidiary if that designation would otherwise comply with the provisions of this Section 4.39. If a Restricted Subsidiary is designated as an Unrestricted Subsidiary, the aggregate Fair
Market Value of all outstanding Investments owned by the Company 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 under one or more clauses of the definition of Permitted Investments, as determined by the Company. That designation will only be permitted if the Investment would be permitted at that time and if the Restricted Subsidiary otherwise
meets the definition of an Unrestricted Subsidiary. 
 Any designation of a Subsidiary of the Company as an Unrestricted Subsidiary will be
evidenced to the Trustee by filing with the Trustee a certified copy of a resolution of the Board of Directors of the Company giving effect to such designation and a certificate from an Authorized Officer certifying that such designation complied
with the preceding conditions. If, at any time, any Unrestricted Subsidiary would fail to meet the preceding requirements as an Unrestricted Subsidiary, it will thereafter cease to be an Unrestricted Subsidiary for purposes of this Indenture

  
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and any Indebtedness of such Subsidiary will be deemed to be incurred by a Restricted Subsidiary of the Company as of such date and, if such Indebtedness is not permitted to be incurred as of
such date by Section 4.08, the Company will be in default of the covenants described in such section. The Board of Directors of the Company may at any time designate any Unrestricted Subsidiary to be a Restricted Subsidiary
of the Company. Any such designation will be deemed to be an incurrence of Indebtedness by a Restricted Subsidiary of the Company of any outstanding Indebtedness of such Unrestricted Subsidiary, and such designation will only be permitted if
(a) such Indebtedness is permitted by Section 4.08 calculated on a pro forma basis; and (b) no Event of Default or Unmatured Event of Default would be in existence following such designation. 

Section 4.40 Separateness. 
 The
Company and its Subsidiaries, as a consolidated group, shall each at all times: 
 (a) observe all applicable entity procedures necessary to
maintain its separate existence and formalities, including: 
 (i) maintain minutes or records of meetings of the members and/or managers of
the Company and its Subsidiaries; 
 (ii) act on behalf of itself only pursuant to due authorization of the members and/or managers,
including, when applicable, any independent managers or members; and 
 (iii) conduct its own business in its own name and through authorized
agents pursuant to its Constitutional Documents; 
 (b) allocate fairly and reasonably any shared expenses, including overhead for shared
office space or common employees (if any); 
 (c) use separate stationery, invoices and checks bearing its own name; 

(d) prepare and maintain its own full and complete books, accounting records (including books of account and payroll, if any) and other
documents and records, in each case which are separate and apart from the books, accounting records and other documents and records of the Sponsor or any Affiliate thereof; 

(e) maintain separate bank accounts in its own name or otherwise pursuant to the Finance Documents and make all investments by or on behalf of
the Company and its Subsidiaries solely in its name except as otherwise provided by the Finance Documents; 
 (f) separate its property and
not allow funds or other assets to be commingled with the funds and other assets of, held by, or registered in the name of the Sponsor or any Affiliate thereof, and maintain its assets in such a manner that it is not costly or difficult to identify
or ascertain such assets, all except to the extent otherwise provided by the Finance Documents; 

  
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 (g) not hold itself out as being liable for the debts of the Sponsor or any Affiliate
thereof and not guarantee the debts of the Sponsor or any Affiliate thereof except as permitted by the Finance Documents; 
 (h) not acquire
or assume obligations or securities of, or make loans or advances to, any of its Affiliates except as required under the Finance Documents; 

(i) maintain separate financial statements, showing its assets and liabilities separate and apart from those of any other Person, and not have
its assets listed on the balance sheet of any other Person; provided that such Obligor may also report its financial statements on a consolidated or combined basis with one or more of its Affiliates in accordance with GAAP so long as
appropriate notation is made on such consolidated financial statements to indicate the separateness of the Company and its Subsidiaries from such Affiliate(s) and to disclose the separate nature of the Company and its Subsidiaries indebtedness; 

(j) prepare and file its own tax returns separate from those of any Person except to the extent that the Company and its Subsidiaries is
treated as a “disregarded entity” for tax purposes and is not required to file tax returns under applicable law; 
 (k) pay its own
liabilities and expenses out of its own assets (except as provided under the Finance Documents); 
 (l) pay the salaries of its own
employees, if any, and maintain a sufficient number of employees in light of its contemplated business operations (either directly or through contractual arrangements to provide such services that such employees would provide) and not permit its
employees, if any, to participate in or receive payroll benefits or pension plans of or from any of its Affiliates; 
 (m) maintain adequate
capitalization in light of its contemplated business and obligations; 
 (n) hold itself out to third parties as a legal entity, separate and
distinct and independent from any other entity, conduct its own business solely under its name and correct any known misunderstanding as to the separateness of the Obligors from any other Person; 

(o) procure that the Company shall have an independent director or manager appointed in accordance with its Constitutional Documents; and 

(p) have and maintain Constitutional Documents which comply with the requirements of this Section 4.40; 

provided that no limitation in this Section shall apply to the Company and its Subsidiaries as among one another. 

Section 4.41 Use of Proceeds. 
 The
Company will use the proceeds of the Notes solely for purposes permitted in the applicable Finance Documents. 

  
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 Section 4.42 Payments for Consents. 

The Company will not, and will not permit any of its Restricted Subsidiaries to, directly or indirectly, pay or cause to be paid any
consideration to or for the benefit of any Holder, in its capacity as a Holder, for or as an inducement to any consent, waiver or amendment of any of the terms or provisions of this Indenture or the Notes unless such consideration is offered to be
paid and is paid to all Holders that consent, waive or agree to amend in the time frame set forth in the solicitation documents relating to such consent, waiver or agreement. 

Section 4.43 [Reserved]. 
 Section 4.44
Economic Sanctions. 
 The Company will not, and will not permit any Controlled Entity to (a) become (including by virtue of
being owned or controlled by a Blocked Person), own or control a Blocked Person or (b) directly or indirectly have any investment in or engage in any dealing or transaction (including any investment, dealing or transaction involving the
proceeds of the Notes) with any Person if such investment, dealing or transaction is prohibited by or subject to sanctions under any U.S. Economic Sanctions Law. 

For purposes of this Section 4.44, the following terms have the following meanings: 

“Blocked Person” means (a) a Person whose name appears on the list of Specially Designated Nationals and Blocked Persons
published by OFAC, (b) a Person, entity, organization, country or regime that is blocked or a target of sanctions that have been imposed under U.S. Economic Sanctions Laws or (c) a Person that is an agent, department or instrumentality of,
or is otherwise beneficially owned by, Controlled by or acting on behalf of, directly or indirectly, any Person, entity, organization, country or regime described in clause (a) or (b). 

“Control” (including, with its correlative meanings, “Controlled by” and “under common Control
with”) means possession, directly or indirectly, of power to direct or cause the direction of management or policies (whether through ownership of securities or partnership or other ownership interests, by contract or otherwise) and, in any
event, any Person owning at least 50% of the voting securities of another Person shall be deemed to Control that Person. 

“Controlled Entity” means (a) any of the Subsidiaries of the Company and any of their or the Company’s respective
Controlled Affiliates and (b) Cheniere CCH Holdco II, LLC and its Controlled Affiliates. 
 “U.S. Economic Sanctions
Laws” means those laws, executive orders, enabling legislation or regulations administered and enforced by the United States pursuant to which economic sanctions have been imposed on any Person, entity, organization, country or regime,
including the Trading with the Enemy Act, the International Emergency Economic Powers Act, the Iran Sanctions Act, the Sudan Accountability and Divestment Act and any other OFAC Sanctions Program. 

  
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 Section 4.45 Books and Records. 

The Company will, and will cause each of its Subsidiaries to, maintain proper books of record and account in conformity with GAAP and all
applicable requirements of any Government Authority having legal or regulatory jurisdiction over the Company or such Subsidiary, as the case may be. The Company will, and will cause each of its Subsidiaries to, keep books, records and accounts
which, in reasonable detail, accurately reflect all transactions and dispositions of assets. The Company and its Subsidiaries have devised a system of internal accounting controls sufficient to provide reasonable assurances that their respective
books, records, and accounts accurately reflect all transactions and dispositions of assets and the Company will, and will cause each of its Subsidiaries to, continue to maintain such system. 

ARTICLE 5 
 SUCCESSORS 

Section 5.01 Merger, Liquidation, Sale of All Assets. 

The Company will not dissolve or liquidate nor consolidate with or merge with or into another Person (regardless of whether the Company is the
surviving entity), convert into another form of entity or continue in another jurisdiction, or sell, assign, transfer, lease, convey or otherwise dispose of all or substantially all of the properties or assets of the Company and its Restricted
Subsidiaries taken as a whole, in one or more related transactions, to another Person, unless: 
 (a) either (i) the Company is the
surviving entity or (ii) the Person formed by or surviving such consolidation, merger, conversion or continuation (if other than the Company) or to which such sale, assignment, transfer, lease, conveyance or disposition is made is a
corporation, limited liability company or partnership organized or existing under the laws of the United States, any state of the United States or the District of Columbia and assumes the Company’s obligations under the Notes, this Indenture
and the Security Documents pursuant to a supplemental indenture, appropriate modifications (if necessary) to the Security Documents; 
 (b)
no Event of Default or Unmatured Event of Default would exist immediately after giving effect to such transaction or series of related transactions; 

(c) either: 
 (1)
the Company or the Person formed by or surviving any consolidation or merger or sale, assignment, transfer, lease, conveyance or disposition (if other than the Company) has obtained and delivered to the Trustee (A) letters from any two
Acceptable Rating Agencies (or if only one Acceptable Rating Agency is then rating the Notes, the Company shall have received a letter from that Acceptable Rating Agency) to the effect that the Acceptable Rating Agency has considered the
contemplated transaction or series of related transactions, and that, if the transaction or series of related transactions are consummated, such Acceptable Rating Agency would reaffirm the Investment Grade rating of the Notes as of the date of such
transaction or series of related transactions and (B) letters from all other Acceptable Rating Agencies then rating the Notes, if any, to the effect that the Acceptable Rating Agency has considered the contemplated transaction or series of
related transactions, and that, if the contemplated transaction or series of related transactions are consummated, such Acceptable Rating Agency would reaffirm its then current rating of the Notes as of the date of such transaction or series of
related transactions; or 

  
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 (2) (i) the amount of all Senior Debt (excluding Working Capital Debt and
excluding all Indebtedness under Permitted Senior Debt Hedging Instruments) of the Company or the Person formed by or surviving any consolidation or merger or sale, assignment, transfer, lease, conveyance or disposition (if other than the Company)
outstanding after giving effect thereto, is capable of being amortized to a zero balance by the termination date of the last to terminate of the Qualifying LNG SPAs then in effect and produces a Projected Fixed DSCR that is not less than the lower
of (x) 1.40:1.00 and (y) the Projected Fixed DSCR derived from amortizing the amount of all Senior Debt (excluding Working Capital Debt and excluding all Indebtedness under Permitted Senior Debt Hedging Instruments) of the Company outstanding
prior to giving effect thereto to a zero balance by the termination date of the last to terminate of such Qualifying LNG SPAs, in each case through the terms of such Qualifying LNG SPAs, with such calculations using such Qualifying LNG SPAs and
using an interest rate equal to (1) in the case of an amortization calculation after giving effect to such consolidation or merger, sale, assignment, transfer, lease, conveyance or disposition, the weighted average interest rate of all such
Senior Debt (excluding Working Capital Debt) outstanding after giving effect thereto and (2) in the case of an amortization calculation prior to giving effect to such consolidation or merger, sale, assignment, transfer, lease, conveyance or
disposition, the weighted average interest rate of all such Senior Debt (excluding Working Capital Debt) outstanding prior to giving effect thereto, (ii) after giving effect to such transaction or series of related transactions, the Company or
the Person formed by or surviving any consolidation or merger or sale, assignment, transfer, lease, conveyance or disposition (if other than the Company) and its Restricted Subsidiaries are not engaged in any business or activities other than the
Permitted Businesses, except to such extent as would not be material to such Person and its Restricted Subsidiaries, taken as a whole and (iii) after giving effect to such transaction or series of related transactions, the obligations under the
Notes are not assumed or guaranteed by the Sponsor; and 
 (d) the Company shall have delivered to the Trustee a certificate from an
Authorized Officer and an Opinion of Counsel, each stating that such consolidation or merger, conversion or continuation, or sale, assignment, transfer, lease, conveyance or disposition and such supplemental indenture and Security Documents, if any,
comply with this Indenture and that all conditions precedent provided for in this Indenture relating to such transaction have been complied with. 

Section 5.02 Successor Corporation Substituted. 

Upon any consolidation or merger, conversion or continuation, or sale, assignment, transfer, lease, conveyance or disposition or any transfer
of all or substantially all of the assets of the Company in a transaction that is subject to, and that complies with the provisions of, Section 5.01, the successor Person formed by such consolidation, conversion or
continuation, or into which the Company merged or to which such sale, assignment, transfer, lease, conveyance or disposition is made will succeed to, and be substituted for (so that from and after the date of such consolidation

  
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or merger, conversion or continuation, or sale, assignment, transfer, lease, conveyance or disposition, the provisions of this Indenture referring to the “Company” shall refer instead
to the successor Person and not to the Company), and may exercise every right and power of, the Company under this Indenture and the Notes with the same effect as if such successor Person had been named as the Company in this Indenture and the Notes
and thereafter the predecessor Company will have no continuing obligations under the Indenture, the Notes and the Security Documents (and such change shall not in any way constitute or be deemed to constitute a novation, discharge, rescission,
extinguishment or substitution of the existing Indebtedness and any Indebtedness so effected shall continue to be the same obligation and not a new obligation). 

ARTICLE 6 
 DEFAULTS AND REMEDIES

 Section 6.01 Events of Default. 

The following events, and no others, will be events of default under this Indenture (each, an “Event of Default”): 

(a) Indenture Payment Default (an “Indenture Payment Default”): 

(1) The Company fails to pay principal amounts due on the Notes; provided that if failure to pay occurs due to a purely
administrative error, the Company shall have three (3) Business Days to cure such failure; or 
 (2) The Company fails
to pay interest or other amounts due on the Notes within three (3) Business Days of the same becoming due. 
 (b) Breach of Certain
Covenants: except as specifically provided for in another Event of Default under this Section 6.01: 

(1) breach by the Company or any Restricted Subsidiary of any covenant described in Section 5.01;

 (2) failure by the Company to consummate a purchase of Notes when required pursuant to the provisions described under
Section 4.12, Section 4.17, Section 4.19, Section 4.20 and Section 4.21; 

(3) breach by the Company or any Restricted Subsidiary of any covenant described in Section 4.05,
Section 4.08, Section 4.12 (to the extent not covered by the immediately preceding clause (ii)), Section 4.14, Section 4.24 and
Section 4.26; and in each case that is not corrected or cured within thirty (30) days following the earlier of (A) the applicable Obligor becoming aware of such failure; and (B) notice from the Trustee or
Holders of 331⁄3% of the principal amount of Notes outstanding; 

  
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 (4) 

(A) breach by the Company or any Restricted Subsidiary of any covenant described in Section 4.13,
Section 4.15, Section 4.32 and Section 4.35; or 

(B) material breach by the Company or any Restricted Subsidiary of any of the other covenants in this Indenture or the Notes;

 in the case of each of sub-clauses (A) and (B) of this clause (4), that is
not corrected or cured within ninety (90) days after the earlier of (i) the Company becoming aware of such breach and (ii) notice from the Trustee or Holders of 331⁄3% of the principal amount of Notes outstanding; 
 (5) any Permit required as described
in Section 4.33 is Impaired and such Impairment could reasonably be expected to have a Material Adverse Effect unless such Impairment is cured no later than ninety (90) days (or to the extent no Loans or Senior Debt
Commitments in connection therewith are then outstanding, three hundred and sixty (360) days) following the occurrence thereof (or such longer period, if any, presented by any administrative, legal, regulatory or statutory time period
applicable thereto; provided that if any Loans or Senior Debt Commitments in connection therewith are then outstanding, the Company shall have no more than up to one hundred and eighty (180) days in the aggregate to cure such
Impairment); or 
 (6) material breach by Holdco of any covenant contained in the Holdco Pledge Agreement that is not
corrected or cured within thirty (30) days after the earlier of (A) Holdco becoming aware of such failure; and (B) notice from the Trustee or Holders of
331⁄3% of the principal amount of Notes outstanding. 

(c) Bankruptcy: 

(1) a Bankruptcy with respect to an Obligor or Holdco has occurred; or 

(2) a Bankruptcy shall occur with respect to (x) prior to the Project Completion Date, Bechtel and Bechtel’s
guarantor under the EPC Contract (T1/T2) and the EPC Contract (T3), unless: 
 (A) the Company notifies the Security Trustee
that it intends to enter into a replacement engineering, construction and procurement contract providing for a new contractor or guarantor, as applicable; 

(B) the Company diligently pursues such contract; 

(C) such contract is entered within three hundred and sixty (360) days of the Bankruptcy of Bechtel and Bechtel’s
guarantor under the EPC Contract (T1/T2) or Bechtel and Bechtel’s guarantor under the EPC Contract (T3), as applicable; and 

  
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 (D) 

(i) such contract is on terms and conditions, taken as a whole, not materially likely to cause the Company to fail to meet the
Project Completion Date by the Date Certain (as such term is defined in the Common Terms Agreement); 
 (ii) the new
contractor or guarantor is an internationally recognized contractor; and 
 (iii) the Company has delivered to the Trustee a
certificate of the Independent Engineer certifying that such counterparty is capable of completing the applicable portion of the Project Facilities; provided that this sub-clause (D) will not apply
if the replacement engineering, construction and procurement contract is reasonably acceptable to: (x) if the aggregate Loans then outstanding is greater than 25% of the total Senior Debt then outstanding, the Intercreditor Agent (acting on the
instructions of the Requisite Secured Parties); or (y) if the aggregate secured bank debt then outstanding is less than 25% of the total Senior Debt then outstanding, Holders of greater than 50% in aggregate principal amount of the then
outstanding Notes. 
 (d) Abandonment: Abandonment of the Development has occurred and is continuing. 

(e) Event of Taking: An Event of Taking that would reasonably be expected to have a Material Adverse Effect has occurred. 

(f) Security Interests Invalid: Any of the Security Interests over a material portion of the Collateral cease to be validly perfected in favor
of the Security Trustee on behalf of the Secured Parties. 
 (g) Unsatisfied Judgments: 

(1) Prior to the Project Completion Date, one or more of a judgment for the payment of money in excess of $250,000,000 in the
aggregate (net of insurance proceeds which are reasonably expected to be paid) or a final judgment for the payment of money in excess of $150,000,000; or 

(2) following the Project Completion Date, one or more final judgments for the payment of money in excess of $150,000,000 in
the aggregate (net of insurance proceeds which are reasonably expected to be paid); 
 in each case, against an Obligor or Holdco or against any other
Person where an Obligor or Holdco is liable to satisfy such judgment, which judgment is by one or more Governmental Authorities, courts, arbitral tribunals or other bodies having jurisdiction over any such entity, and such judgment or judgments
remain unpaid, unstayed on appeal, undischarged, unbonded or undismissed for a period of ninety (90) days after the date of entry of such judgment; provided that such 90-day period will be stayed
if an appeal in respect of such judgment or judgments has been filed and not dismissed. 

  
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 (h) Unenforceability of this Indenture and Security Documents: This Indenture, the CSAA
(including the guarantees in the CSAA provided by the Guarantors) or any other Security Document (other than (i) a Direct Agreement in respect of any LNG SPA that is not a Required LNG SPA then in full force and effect or (ii) any Direct
Agreement in the case where the occurrence of this Event of Default has been triggered by an event affecting the underlying Material Project Agreement and a mandatory offer to purchase under Section 4.12,
Section 4.17, Section 4.19, Section 4.20 and Section 4.21 or other Event of Default is applicable) is: 

(1) declared unenforceable in a final judgment of a court of competent jurisdiction against any party (other than the Trustee
or Holders or any Senior Creditors); 
 (2) expressly repudiated in writing by any party thereto (other than the Trustee or
Holders or any Senior Creditors); or 
 (3) shall have been terminated (other than pursuant to the terms thereof following
discharge in full of all obligations thereof or otherwise by agreement in writing of the parties thereto not as a result of an Event of Default hereunder). 

(i) Senior Debt Cross Payment Default/Cross-Acceleration Default: 

(1) Failure by the Company to pay when due any principal payments due on any Senior Debt (other than the Notes) in a principal
amount over $100,000,000 in the aggregate; 
 (2) failure by the Company to pay interest or other amounts on any Senior Debt
(other than the Notes) in a principal amount over $100,000,000 within three (3) Business Days of such interest or other amounts becoming due; or 

(3) commencement of a Security Enforcement Action in accordance with the CSAA. 

(j) Cross-Acceleration Default (other Indebtedness): A default with respect to any Indebtedness (other than any amount due in respect of
Senior Debt Obligations and Subordinated Debt) of the Company in a principal amount over $100,000,000 in the aggregate, which default has continued beyond any applicable grace period, to the extent that it causes the entire amount of such
Indebtedness to become due and such Indebtedness remains unpaid or the acceleration of its stated maturity unrescinded; and 
 (k) CEI
Equity Contribution Agreement Cross-Default: Failure by Sponsor to make requested contributions to the Company pursuant to the CEI Equity Contribution Agreement: 

(1) for so long as at least $1 billion of Loans or Senior Debt Commitments in connection therewith remain outstanding, if
such failure causes the entire amount of Indebtedness under the Term Loan Facility Agreement to become due and such Indebtedness remains unpaid or the acceleration of its stated maturity unrescinded; or 

  
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 (2) for so long as less than $1 billion of Loans or Senior Debt
Commitments in connection therewith remain outstanding, if such failure is not cured within ten (10) Business Days. 
 Section 6.02 Declaration
of Declared Event of Default. 
 The Trustee will, if so directed by the Holders of at least
331⁄3% of the principal amount of Notes outstanding, or Holders of at least
331⁄3% of the principal amount of Notes outstanding may, declare, by notice in writing to the Company (which notice, if given by the Holders, may also be delivered
by the Holders to the Trustee), the occurrence of an Event of Default (an “Declared Event of Default”) on and at any time after the occurrence of an Event of Default, unless Holders of a greater percentage of the principal amount of
Notes direct the Trustee otherwise). An Event of Default also will be deemed to have occurred and been declared without such declaration or other notice upon the occurrence of an Event of Default described in
Section 6.01(c)(1). 
 The Trustee will deliver a copy of any notice declaring the occurrence of an Event of
Default (whether initially delivered by the Trustee or Holders) to the Security Trustee pursuant to the CSAA. 
 Section 6.03 Acceleration. 

In the case of an Event of Default described in Section 6.01(c)(1), all Senior Debt Obligations under the Notes will
accelerate automatically and will immediately become due and payable without presentment, demand, vote or other notice or action of any kind. Upon the occurrence and Continuation of any other Declared Event of Default, the Trustee or Holders of at
least 331⁄3% of the principal amount of Notes outstanding may declare all the Notes to be due and payable immediately, by notice in writing to the Company (which
notice, if given by the Holders, shall also be delivered by the Holders to the Trustee) specifying the Event of Default. Upon any such declaration of acceleration, the Notes shall become due and payable immediately. Such notice may be included
within a notice from the Trustee or the applicable Holders of the Notes declaring the occurrence of such Event of Default. The Trustee will deliver a copy of any notice of acceleration of the Senior Debt Obligations under the Notes (whether
initially delivered by the Trustee or Holders) to the Security Trustee pursuant to the CSAA. 
 Section 6.04 Waivers of Defaults and
Acceleration. 
 Holders of not less than a majority in aggregate principal amount of the then outstanding Notes by notice to the
Trustee may on behalf of the Holders of all of the Notes waive a Continuing Unmatured Event of Default, Continuing Event of Default or Declared Event of Default, except a Continuing Unmatured Event of Default, Continuing Event of Default or Declared
Event of Default in the payment of the principal of, premium or interest on, the Notes (including in connection with an offer to purchase); provided, however, that the Holders of a majority in aggregate principal amount of the then
outstanding Notes may rescind an acceleration and its consequences, including any related payment default that resulted from such acceleration. Any notice delivered in respect of any such waiver or rescission shall be referred to as an
“Cessation Notice.” 

  
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 Upon any such waiver, such Unmatured Event of Default, Event of Default or Declared Event of
Default shall cease to exist, and any Unmatured Event of Default, Event of Default or Declared Event of Default arising therefrom shall be deemed to have been cured for every purpose of this Indenture. 

The Trustee will deliver a copy of any Cessation Notice to the Security Trustee pursuant to the CSAA. 

Section 6.05 Remedies of Holders. 

If a Declared Event of Default occurs and is Continuing, the Trustee may pursue any available remedy to collect the payment of principal,
premium and interest on the Notes or to enforce the performance of any provision of the Notes or this Indenture. 
 Except as set forth in
Section 6.07 and Section 6.12, a Holder of a Note may pursue any remedy with respect to this Indenture or the Notes only if: 

(a) such Holder has previously given the Trustee written notice that an Event of Default is Continuing; 

(b) Holders of at least 331⁄3% of the principal amount of
Notes outstanding make a written request to the Trustee to pursue the remedy; 
 (c) such Holder or Holders have offered to the Trustee
indemnity or security satisfactory to the Trustee against any loss, liability or expense; 
 (d) the Trustee has not complied with such
request within sixty (60) days after the receipt of the request and the offer of security or indemnity; and 
 (e) Holders of a
majority in aggregate principal amount of the then outstanding Notes have not given the Trustee a direction inconsistent with such request within such sixty (60)-day period. 

Section 6.06 Control by Majority. 

Holders of a majority in aggregate principal amount of the then outstanding Notes may direct the time, method and place of conducting any
proceeding for exercising any remedy available to the Trustee or exercising any trust or power conferred on it. However, the Trustee may refuse to follow any direction that conflicts with law or this Indenture that the Trustee determines may be
unduly prejudicial to the rights of other Holders or that may involve the Trustee in personal liability. 
 Section 6.07 Rights of Holders to
Receive Payment. 
 Notwithstanding any other provision of this Indenture and subject to Section 6.12 hereof,
the right of any Holder of a Note to receive payment of principal, premium and interest on the Note, on or after the respective due dates expressed in the Note (including in connection with an offer to purchase), or to bring suit for the enforcement
of any such payment on or after such 

  
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respective dates, shall not be impaired or affected without the consent of such Holder; provided that a Holder shall not have the right to institute any such suit for the enforcement of
payment if and to the extent that the institution or prosecution thereof or the entry of judgment therein would, under applicable law, result in the surrender, impairment, waiver or loss of the Lien of this Indenture upon any property subject to
such Lien. 
 Section 6.08 Collection Suit by Trustee. 

If an Event of Default specified in Section 6.01(a) with respect to the Notes occurs and is Continuing, the Trustee
is authorized to recover judgment in its own name and as trustee of an express trust against the Company for the whole amount of principal of, premium and interest remaining unpaid on, the Notes and interest on overdue principal and, to the extent
lawful, interest and such further amount as shall be sufficient to cover the costs and expenses of collection, including the reasonable compensation, expenses, disbursements and advances of the Trustee, its agents and counsel. 

Section 6.09 Trustee May File Proofs of Claim. 

The Trustee is authorized to file such proofs of claim and other papers or documents as may be necessary or advisable in order to have the
claims of the Trustee (including any claim for the reasonable compensation, expenses, disbursements and advances of the Trustee, its agents and counsel) and the Holders allowed in any judicial proceedings relative to the Company (or any other
obligor upon the Notes), its creditors or its property and shall be entitled and empowered to collect, receive and distribute any money or other property payable or deliverable on any such claims and any custodian in any such judicial proceeding is
hereby authorized by each Holder to make such payments to the Trustee, and in the event that the Trustee shall consent to the making of such payments directly to the Holders, to pay to the Trustee any amount due to it for the reasonable
compensation, expenses, disbursements and advances of the Trustee, its agents and counsel, and any other amounts due the Trustee under Section 7.07. To the extent that the payment of any such compensation, expenses,
disbursements and advances of the Trustee, its agents and counsel, and any other amounts due the Trustee under Section 7.07 out of the estate in any such proceeding, shall be denied for any reason, payment of the same shall
be secured by a Lien on, and shall be paid out of, any and all distributions, dividends, money, securities and other properties that the Holders may be entitled to receive in such proceeding whether in liquidation or under any plan of reorganization
or arrangement or otherwise. Nothing herein contained shall be deemed to authorize the Trustee to authorize or consent to or accept or adopt on behalf of any Holder any plan of reorganization, arrangement, adjustment or composition affecting the
Notes or the rights of any Holder, or to authorize the Trustee to vote in respect of the claim of any Holder in any such proceeding. 
 Section 6.10
Priorities. 
 If the Trustee collects any money pursuant to this Article 6, or, after an Event of Default, any money or other
property distributable in respect of the Company’s obligations under this Indenture, it shall pay out the money or property in the following order: 

First: to the Trustee (including any predecessor trustee), its agents and attorneys for amounts due under
Section 7.07, including payment of all compensation, expenses and liabilities incurred, and all advances made, by the Trustee and the costs and expenses of collection; 

  
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 Second: to Holders for amounts due and unpaid on the Notes for
principal, premium and interest, ratably, without preference or priority of any kind, according to the amounts due and payable on the Notes for principal, premium and interest, respectively; and 

Third: to the Company or to such party as a court of competent jurisdiction shall direct. 

The Trustee may fix a record date and payment date for any payment to Holders pursuant to this Section 6.10. 

Section 6.11 Undertaking for Costs. 

In any suit for the enforcement of any right or remedy under this Indenture or in any suit against the Trustee for any action taken or omitted
by it as a Trustee, a court in its discretion may require the filing by any party litigant in the suit of an undertaking to pay the costs of the suit, and the court in its discretion may assess reasonable costs, including reasonable attorneys’
fees, against any party litigant in the suit, having due regard to the merits and good faith of the claims or defenses made by the party litigant. This Section 6.11 does not apply to a suit by the Trustee, a suit by a
Holder of a Note pursuant to Section 6.07, or a suit by Holders of more than 10% in aggregate principal amount of the then outstanding Notes. 

6.12 Applicability of the CSAA. 

In all cases of the pursuit of a remedy or an enforcement of the performance of any provision of this Indenture by the Trustee or by Holders
if permitted under this Indenture, the Trustee and each Holder hereby consent and agree under this Indenture that, subject to any non-waivable rights held by a Holder with respect to pursuit of remedies under
Applicable Law, any pursuit of a remedy or enforcement pursued under or pursuant to the Indenture, the Notes or the Note Guarantees shall be subject to the terms and conditions of the CSAA. The Trustee and Holders agree that if Holders meet the
criteria in this Indenture to pursue a remedy or enforcement of the performance of any provision of this Indenture directly, they shall be deemed to be doing so on behalf of the Trustee (in its capacity as Senior Creditor Group Representative of the
Holders under this Indenture) for purposes of the CSAA and, in pursuit of such remedy or enforcement of the performance of any provision of this Indenture, shall be subject to the terms and conditions of the CSAA. 

  
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 ARTICLE 7 

TRUSTEE 
 Section 7.01 Duties of
Trustee. 
 (a) If an Event of Default has occurred and is Continuing, the Trustee will exercise such of the rights and powers vested in
it by this Indenture, and use the same degree of care and skill in their exercise, as a prudent person would exercise or use under the circumstances in the conduct of such person’s own affairs. 

(b) Except during the Continuance of an Event of Default: 

(1) the duties of the Trustee will be determined solely by the express provisions of this Indenture and the Trustee need
perform only those duties that are specifically set forth in this Indenture and no others, and no implied covenants or obligations shall be read into this Indenture against the Trustee; and 

(2) in the absence of bad faith on its part, the Trustee may conclusively rely, as to the truth of the statements and the
correctness of the opinions expressed therein, upon certificates or opinions furnished to the Trustee and conforming to the requirements of this Indenture. However, in the case of any such certificates or opinions which by any provision hereof are
specifically required to be furnished to the Trustee, the Trustee will examine the certificates and opinions to determine whether or not they conform to the requirements of this Indenture (but need not confirm or investigate the accuracy of
mathematical calculations or other facts, statements, opinions or conclusions stated therein). 
 (c) The Trustee may not be relieved from
liabilities for its own negligent action, its own negligent failure to act, or its own willful misconduct, except that: 

(1) this paragraph does not limit the effect of paragraphs (b) and (e) of this
Section 7.01; 
 (2) the Trustee will not be liable for any error of judgment made in good faith by
a Responsible Officer, unless it is proved that the Trustee was negligent in ascertaining the pertinent facts; and 
 (3) the
Trustee will not be liable with respect to any action it takes or omits to take in good faith in accordance with a direction received by it pursuant to Section 6.05. 

(d) Whether or not therein expressly so provided, every provision of this Indenture that in any way relates to the Trustee is subject to this
Section 7.01. 
 (e) No provision of this Indenture will require the Trustee to expend or risk its own funds or
incur any liability. The Trustee will be under no obligation to exercise any of its rights and powers under this Indenture at the request of any Holders, unless such Holder has offered to the Trustee security and indemnity satisfactory to it against
any loss, liability or expense. 

  
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 (f) The Trustee will not be liable for interest on any money received by it except as the
Trustee may agree in writing with the Company. Money held in trust by the Trustee need not be segregated from other funds except to the extent required by law. 

(g) Upon delivery by the Company of any document, information or report to the Trustee, and except as otherwise concurrently delivered by the
Company to each Holder in pursuant to the terms hereof, the Trustee shall promptly provide a copy of such document, information or report to each Holder. 

Section 7.02 Rights of Trustee. 

(a) The Trustee may conclusively rely upon any resolution, certificate, statement, instrument, opinion, report, notice, request, direction,
consent, order, bond, debenture, note, other evidence of indebtedness or other paper or document believed by it to be genuine and to have been signed or presented by the proper party or parties. The Trustee need not investigate any fact or matter
stated in any resolution, certificate, statement, instrument, opinion, report, notice, request, direction, consent, order, bond, debenture, note, other evidence of indebtedness or other paper or document, but the Trustee, in its discretion, may make
such further inquiry or investigation into such facts or matters as it may see fit, and, if the Trustee shall determine to make such further inquiry or investigation, it shall be entitled to examine the books, records and premises of the Company,
personally or by agent or attorney at the sole cost of the Company and shall incur no liability or additional liability of any kind by reason of such inquiry or investigation. 

(b) Before the Trustee acts or refrains from acting, it may require an Officer’s Certificate or an Opinion of Counsel or both;
provided that an Officer’s Certificate or Opinion of Counsel will not be required if the Indenture requires the Company to deliver a certificate of an Authorized Officer of the Company in connection with such act or refrain from acting.
The Trustee will not be liable for any action it takes, suffers or omits to take in good faith in reliance on such Officer’s Certificate, Opinion of Counsel or a certificate of an Authorized Officer of the Company. The Trustee may consult with
counsel and the advice of such counsel or any Opinion of Counsel will be full and complete authorization and protection from liability in respect of any action taken, suffered or omitted by it hereunder in good faith and in reliance thereon. 

(c) The Trustee may act through its attorneys and agents and will not be responsible for the misconduct or negligence of any agent appointed
with due care. 
 (d) The Trustee will not be liable for any action it takes, suffers or omits to take in good faith that it believes to be
authorized or within the rights or powers conferred upon it by this Indenture. 
 (e) Unless otherwise specifically provided in this
Indenture, any demand, request, direction or notice from the Company will be sufficient if signed by an Authorized Officer of the Company. 

(f) The Trustee will be under no obligation to exercise any of the rights or powers vested in it by this Indenture at the request or direction
of any of the Holders unless such Holders have offered to the Trustee indemnity or security satisfactory to the Trustee against the losses, liabilities and expenses that might be incurred by it in compliance with such request or direction. 

  
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 (g) The Trustee shall not be deemed to have notice of any Unmatured Event of Default or
Event of Default unless a Responsible Officer of the Trustee has actual knowledge thereof or unless written notice of such Unmatured Event of Default or Event of Default is received by a Responsible Officer of the Trustee at the Corporate Trust
Office of the Trustee, and such notice references the Notes and this Indenture. 
 (h) The Trustee shall not be responsible or liable for
any failure or delay in the performance of its obligations under this Indenture arising out of or caused, directly or indirectly, by circumstances beyond its reasonable control, including, without limitation, acts of God; earthquakes; fire; flood;
terrorism; wars and other military disturbances; sabotage; epidemics; riots; interruptions; loss or malfunctions of utilities, computer (hardware or software) or communication services; accidents; labor disputes; acts of civil or military authority
and governmental action. 
 (i) The rights, privileges, protections, immunities and benefits given to the Trustee, including, without
limitation, its right to be indemnified, are extended to, and shall be enforceable by, the Trustee in each of its capacities hereunder (and under the other Finance Documents to which it is a party) and each agent, custodian and other Person employed
to act hereunder or thereunder. 
 (j) The Trustee shall not be liable for any action taken, suffered, or omitted to be taken by it in good
faith and reasonably believed by it to be authorized or within the discretion or rights or powers conferred upon it by this Indenture. 

(k) The Trustee may request that the Company deliver a certificate setting forth the names of individuals and/or titles of officers authorized
at such time to take specified actions pursuant to this Indenture, which certificate may be signed by any person authorized to sign an Officer’s Certificate, including any person specified as so authorized in any such certificate previously
delivered and not superseded. 
 (l) Anything in this Indenture notwithstanding, in no event shall the Trustee be liable for special,
indirect, punitive or consequential or other similar loss or damage of any kind whatsoever (including but not limited to loss of profit), even if the Trustee has been advised as to the likelihood of such loss or damage and regardless of the form of
action. 
 (m) In order to comply with applicable tax laws, rules and regulations (inclusive of directives, guidelines and interpretations
promulgated by competent authorities) in effect from time to time (“Applicable Tax Law”) related to this Indenture, the Company agrees (i) to provide to the Trustee information about holders or other applicable parties and/or
transactions (including any modification to the terms of such transactions) that is within the possession of the Company and reasonably requested by the Trustee so the Trustee can determine whether it has tax related obligations under Applicable Tax
Law, (ii) that the Trustee shall be entitled to make any withholding or deduction from payments under this Indenture to the extent necessary to comply with Applicable Tax Law for which the Trustee shall not have any liability, and (iii) to
indemnify and hold harmless the Trustee for any losses it may suffer due to the actions it takes to comply with such Applicable Tax Law. The terms of this section shall survive the termination of this Indenture. 

  
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 Section 7.03 Individual Rights of Trustee. 

The Trustee in its individual or any other capacity may become the owner or pledgee of Notes and may otherwise deal with the Company or any
Affiliate of the Company with the same rights it would have if it were not Trustee. The Trustee is also subject to Section 7.10. 

Section 7.04 Trustee’s Disclaimer. 

The Trustee will not be responsible for and makes no representation as to the validity or adequacy of this Indenture or the Notes, it shall
not be accountable for the Company’s use of the proceeds from the Notes or any money paid to the Company or upon the Company’s direction under any provision of this Indenture, it will not be responsible for the use or application of any
money received by any Paying Agent other than the Trustee, and it will not be responsible for any statement or recital herein or any statement in the Notes or any other document in connection with the sale of the Notes or pursuant to this Indenture
other than its certificate of authentication. 
 The Trustee will not be responsible for the existence, genuineness or value of any of the
Collateral, for the validity, perfection, priority or enforceability of the Liens in any of the Collateral, whether impaired by operation of law or by reason of any action or omission to act on its part hereunder, except to the extent such action or
omission constitutes gross negligence, bad faith or willful misconduct on the part of the Trustee, for the validity or sufficiency of the Collateral or any agreement or assignment contained therein, for the validity of the title of the Company or
the Pledgor to the Collateral, for insuring the Collateral or for the payment of taxes, charges, assessments or Liens upon the Collateral or otherwise as to the maintenance of the Collateral. The Trustee hereby disclaims any representation or
warranty to the present and future holders of the Secured Obligations concerning the perfection of the Liens granted hereunder or in the value of any of the Collateral. For purposes of the two preceding sentences, the terms “Collateral,”
“Liens,” “Pledgor” and “Secured Obligations” shall have the meanings ascribed to such terms in the CSAA. 

The Trustee shall have no duty to ascertain or inquire as to the performance or observance of any of the terms of this Indenture or any of the
Security Documents by the Company or any other Person that is a party thereto or bound thereby. The Trustee shall not be responsible for the preparation, correctness, filing, re-filing, recording or re-recording of any security documents or instruments, including UCC financing statements or continuation statements in any public office at any time or times or otherwise perfecting or maintaining the perfection of
any lien or security interest in any of the Collateral. 
 Section 7.05 Notice of Defaults. 

If an Unmatured Event of Default or Event of Default occurs and is Continuing and if it is known to the Trustee, the Trustee will mail, or
deliver via e-mail, to the Holders a notice of the Unmatured Event of Default or Event of Default within ninety (90) days after it occurs, unless such Unmatured Event of Default or Event of Default shall
have been cured or waived. Except in the case of an Unmatured Event of Default or Event of Default in payment of principal of, premium or interest on, any Note, the Trustee may withhold the notice if and so long as a committee of its Responsible
Officers in good faith determines that withholding the notice is in the interests of the Holders. 

  
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 Section 7.06 [Reserved]. 

Section 7.07 Compensation and Indemnity. 

(a) The Company will pay to the Trustee from time to time reasonable compensation for its acceptance of this Indenture and services hereunder.
The Trustee’s compensation will not be limited by any law on compensation of a trustee of an express trust. The Company will reimburse the Trustee promptly upon request for all reasonable disbursements, advances and expenses incurred or made by
it in addition to the compensation for its services. Such expenses will include the reasonable compensation, disbursements and expenses of the Trustee’s agents and counsel and of all Persons not regularly in its employ. 

(b) The Company and the Guarantors will indemnify each of the Trustee or any predecessor trustee and their officers, agents, directors and
employees for, and to hold them harmless against, any and all loss, damage, claims, liability or expense, including fees, expenses of counsel and taxes (other than taxes based upon, measured by or determined by the income of the Trustee), incurred
by it arising out of or in connection with the acceptance or administration of its duties under this Indenture and the Finance Documents, including the costs and expenses of enforcing this Indenture against the Company and the Guarantors (including
this Section 7.07) and defending itself against any claim (whether asserted by the Company, the Guarantors, any Holder or any other Person) or liability in connection with the exercise or performance of any of its powers or
duties hereunder or thereunder, except to the extent any such loss, liability or expense may be attributable to its gross negligence or willful misconduct. The Trustee will notify the Company promptly of any claim for which it may seek indemnity.
Failure by the Trustee to so notify the Company will not relieve the Company or any of the Guarantors of their obligations hereunder. The Company or such Guarantor will defend the claim and the Trustee will cooperate in the defense. The Trustee may
have separate counsel and the Company will pay the reasonable fees and expenses of such counsel. Neither the Company nor any Guarantor need pay for any settlement made without its consent, which consent will not be unreasonably withheld. 

(c) The obligations of the Company and the Guarantors under this Section 7.07 will survive the satisfaction and
discharge of this Indenture, the termination for any reason of this Indenture and the resignation or removal of the Trustee. 
 (d) To
secure the Company’s and the Guarantors’ payment obligations in this Section 7.07, the Trustee will have a Lien prior, to the extent set forth under the CSAA, to the Notes on all money or property held or
collected by the Trustee, except that held in trust to pay principal and interest on particular Notes. Such Lien will survive the satisfaction and discharge of this Indenture, the termination for any reason of this Indenture and the resignation or
removal of the Trustee. 
 (e) When the Trustee incurs expenses or renders services after an Event of Default specified in
Section 6.01(c)(i) occurs, the expenses and the compensation for the services (including the fees and expenses of its agents and counsel) are intended to constitute expenses of administration under any Bankruptcy Law. 

  
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 (f) “Trustee” for purposes of this Section shall include any predecessor
Trustee; provided, however, that the negligence, willful misconduct or bad faith of any Trustee hereunder shall not affect the rights of any other Trustee hereunder. 

Section 7.08 Replacement of Trustee. 

(a) A resignation or removal of the Trustee and appointment of a successor Trustee will become effective only upon the successor
Trustee’s acceptance of appointment as provided in this Section 7.08. 
 (b) The Trustee may resign in
writing at any time and be discharged from the trust hereby created by so notifying the Company. The Holders of a majority in aggregate principal amount of the then outstanding Notes may remove the Trustee by so notifying the Trustee and the Company
in writing. The Company may remove the Trustee if: 
 (1) the Trustee fails to comply with
Section 7.10; 
 (2) the Trustee is adjudged a bankrupt or an insolvent or an order for relief is
entered with respect to the Trustee under any Bankruptcy Law; 
 (3) a custodian or public officer takes charge of the
Trustee or its property; or 
 (4) the Trustee becomes incapable of acting. 

(c) If the Trustee resigns or is removed or if a vacancy exists in the office of Trustee for any reason, the Company will promptly appoint a
successor Trustee. Within one year after the successor Trustee takes office, the Holders of a majority in aggregate principal amount of the then outstanding Notes may appoint a successor Trustee to replace the successor Trustee appointed by the
Company. 
 (d) If a successor Trustee does not take office within sixty (60) days after the retiring Trustee resigns or is removed,
the retiring Trustee, the Company, or the Holders of at least 10% in aggregate principal amount of the then outstanding Notes may petition any court of competent jurisdiction for the appointment of a successor Trustee. 

(e) If the Trustee, after written request by any Holder who has been a Holder for at least six months, fails to comply with
Section 7.10, such Holder may petition any court of competent jurisdiction for the removal of the Trustee and the appointment of a successor Trustee. 

(f) A successor Trustee will deliver a written acceptance of its appointment to the retiring Trustee and to the Company. Thereupon, the
resignation or removal of the retiring Trustee will become effective, and the successor Trustee will have all the rights, powers and duties of the Trustee under this Indenture. The successor Trustee will mail, or deliver via-email, a notice of its succession to Holders. The retiring Trustee will promptly transfer all property held by it as Trustee to the successor Trustee; provided all sums owing to the Trustee hereunder have
been paid and subject to the Lien provided for in Section 7.07. Notwithstanding replacement of the Trustee pursuant to this Section 7.08, the Company’s obligations under
Section 7.07 will continue for the benefit of the retiring Trustee. 

  
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 Section 7.09 Successor Trustee by Merger, etc. 

If the Trustee consolidates, merges or converts into, or transfers all or substantially all of its corporate trust business to, another
Person, the successor Person without any further act will be the successor Trustee. In case any Notes shall have been authenticated but not delivered by the Trustee then in office, any successor by merger, conversion or consolidation to such
authenticating Trustee may adopt such authentication and deliver the Notes so authenticated with the same effect as if such successor Trustee had itself authenticated such Notes. 

Section 7.10 Eligibility; Disqualification. 

There will at all times be a Trustee hereunder that is a Person organized and doing business under the laws of the United States of America or
of any state thereof that is authorized under such laws to exercise corporate trustee power, that is subject to supervision or examination by federal or state authorities and that has a combined capital and surplus of at least $100,000,000 as set
forth in its most recent published annual report of condition. 
 Section 7.11 [Reserved]. 

Section 7.12 Authorization to Enter Into Accession Agreement. 

The Trustee is hereby authorized to exercise all the rights and perform all the obligations of a Secured Debt Holder Group Representative set
out in the Accession Documents (as defined in the Accession Agreement), including, without limitation, making, on behalf of the Holders, the agreements expressed to be made by Secured Debt Holders under the Finance Documents. 

Section 7.13 Trustee Protective Provisions. 

Without duplication of any amounts the Trustee is entitled to recover under any indemnification provisions in the Finance Documents, the
rights, privileges, protections, indemnities, immunities and benefits provided to the Trustee in this Indenture are in addition to, and are not intended to be in conflict with or limited by, any such provisions in the Finance Documents. 

ARTICLE 8 
 LEGAL DEFEASANCE AND
COVENANT DEFEASANCE 
 Section 8.01 Option to Effect Legal Defeasance or Covenant Defeasance. 

The Company may at any time, at the option of its Board of Directors evidenced by a resolution set forth in an Officer’s Certificate,
elect to have either Section 8.02 or 8.03 be applied to all outstanding Notes upon compliance with the conditions set forth below in this Article 8. 

  
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 Section 8.02 Legal Defeasance and Discharge. 

Upon the Company’s exercise under Section 8.01 of the option applicable to this
Section 8.02, the Company and each of the Guarantors will, subject to the satisfaction of the conditions set forth in Section 8.04, be deemed to have been discharged from their obligations with
respect to all outstanding Notes (including the Note Guarantees) on the date the conditions set forth below are satisfied (hereinafter, “Legal Defeasance”). For this purpose, Legal Defeasance means that the Company and the
Guarantors will be deemed to have paid and discharged the entire Indebtedness represented by the outstanding Notes (including the Note Guarantees), which will thereafter be deemed to be “outstanding” only for the purposes of
Section 8.05 and the other Sections of this Indenture referred to in clauses (1) and (2) below, and to have satisfied all their other obligations under such Notes, the Note Guarantees and this Indenture (and the
Trustee, on demand of and at the expense of the Company, shall execute proper instruments acknowledging the same), except for the following provisions which will survive until otherwise terminated or discharged hereunder: 

(1) the rights of Holders of outstanding Notes to receive payments in respect of the principal of, or interest or premium on,
such Notes when such payments are due from the trust referred to in Section 8.04; 
 (2) the
Company’s obligations with respect to such Notes under Article 2 and Section 4.02; 

(3) the rights, powers, trusts, duties and immunities of the Trustee hereunder and the Company’s and the Guarantors’
obligations in connection therewith; and 
 (4) this Article 8. 

Subject to compliance with this Article 8, the Company may exercise its option under this Section 8.02
notwithstanding the prior exercise of its option under Section 8.03. 
 Section 8.03 Covenant Defeasance. 

Upon the Company’s exercise under Section 8.01 of the option applicable to this
Section 8.03, the Company and each of the Guarantors will, subject to the satisfaction of the conditions set forth in Section 8.04, be released from each of their obligations under the covenants
contained in Section 4.06 through Section 4.43 and Section 5.01(c) with respect to the outstanding Notes on and after the date the conditions set forth in
Section 8.04 are satisfied (hereinafter, “Covenant Defeasance”), and the Notes will thereafter be deemed not “outstanding” for the purposes of any direction, waiver, consent or declaration or act
of Holders (and the consequences of any thereof) in connection with such covenants, but will continue to be deemed “outstanding” for all other purposes hereunder (it being understood that such Notes will not be deemed outstanding for
accounting purposes). 
 For this purpose, Covenant Defeasance means that, with respect to the outstanding Notes and Note Guarantees, the
Company and the Guarantors may omit to comply with and will have no liability in respect of any term, condition or limitation set forth in any such covenant, whether directly or indirectly, by reason of any reference elsewhere herein to any such
covenant or by reason of any reference in any such covenant to any other provision herein or in any other document and such omission to comply will not constitute an Unmatured Event of Default or Event of Default under
Section 6.01, but, except as specified above, the remainder of this Indenture and such Notes and Note Guarantees will be unaffected thereby. In addition, upon the Company’s exercise under
Section 8.01 of the option applicable to this Section 8.03, subject to the satisfaction of the conditions set forth in Section 8.04,
Section 6.01(b) through Section 6.01(d) will not constitute Events of Default. 

  
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 Section 8.04 Conditions to Legal or Covenant Defeasance. 

In order to exercise either Legal Defeasance or Covenant Defeasance under either Section 8.02 or 8.03: 

(1) the Company must irrevocably deposit with the Trustee, in trust, for the benefit of the Holders, cash in U.S. dollars, non-callable Government Securities, or a combination thereof, in such amounts as will be sufficient, without reinvestment, in the opinion of, or as certified by, a nationally recognized investment bank, appraisal
firm, or firm of independent public accountants, to pay the principal of, interest and premium on, the outstanding Notes on the stated date for payment thereof or on the applicable redemption date, as the case may be, and the Company must specify
whether the Notes are being defeased to such stated date for payment or to a particular redemption date; 
 (2) in the case
of an election under Section 8.02, the Company has delivered to the Trustee an Opinion of Counsel confirming that: 

(A) the Company has received from, or there has been published by, the Internal Revenue Service a ruling; or 

(B) since the Notes Issue Date, there has been a change in the applicable federal income tax law, 

(C) in either case to the effect that, and based thereon such Opinion of Counsel shall confirm that, the Holders of the
outstanding Notes will not recognize income, gain or loss for federal income tax purposes as a result of such Legal Defeasance and will be subject to federal income tax on the same amounts, in the same manner and at the same times as would have been
the case if such Legal Defeasance had not occurred; 
 (3) in the case of an election under
Section 8.03, the Company must deliver to the Trustee an Opinion of Counsel confirming that the Holders of the outstanding Notes will not recognize income, gain or loss for federal income tax purposes as a result of such
Covenant Defeasance and will be subject to federal income tax on the same amounts, in the same manner and at the same times as would have been the case if such Covenant Defeasance had not occurred; 

(4) no Unmatured Event of Default or Event of Default shall have occurred and be Continuing on the date of such deposit (other
than an Unmatured Event of Default or Event of Default resulting from the borrowing of funds to be applied to such deposit) and the deposit will not result in a breach or violation of, or constitute a default under, any other instrument to which the
Company or any Guarantor is a party or by which the Company or any Guarantor is bound; 

  
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 (5) such Legal Defeasance or Covenant Defeasance will not result in a breach
or violation of, or constitute a default under, any material agreement or instrument (other than this Indenture) to which the Company or any of its Subsidiaries is a party or by which the Company or any of its Subsidiaries is bound; 

(6) the Company must deliver to the Trustee an Officer’s Certificate stating that the deposit was not made by the Company
with the intent of preferring the Holders over the other creditors of the Company with the intent of defeating, hindering, delaying or defrauding creditors of the Company or others; 

(7) the Company must deliver to the Trustee an Officer’s Certificate stating that all conditions precedent set forth in
clauses (1) through (6) of this Section 8.04 have been complied with; and 
 (8) the Company
must deliver to the Trustee an Opinion of Counsel (which Opinion of Counsel may be subject to customary assumptions, qualifications and exclusions), stating that all conditions precedent set forth in clauses (2), (3) and (5) of this
Section 8.04 have been complied with; provided that the Opinion of Counsel with respect to clause (5) of this Section 8.04 may be to the knowledge of such counsel. 

Section 8.05 Deposited Money and Government Securities to be Held in Trust; Other Miscellaneous Provisions. 

Subject to Section 8.06, all money and non-callable Government Securities
(including the proceeds thereof) deposited with the Trustee (or other qualifying trustee, collectively for purposes of this Section 8.05, the “Trustee”) pursuant to Section 8.04 in
respect of the outstanding Notes will be held in trust and applied by the Trustee, in accordance with the provisions of such Notes and this Indenture, to the payment, either directly or through any Paying Agent (including the Company acting as
Paying Agent) as the Trustee may determine, to the Holders of such Notes of all sums due and to become due thereon in respect of principal, premium and interest, but such money need not be segregated from other funds except to the extent required by
law. 
 The Company will pay and indemnify the Trustee against any tax, fee or other charge imposed on or assessed against the cash or non-callable Government Securities deposited pursuant to Section 8.04 or the principal and interest received in respect thereof other than any such tax, fee or other charge which by law is
for the account of the Holders of the outstanding Notes. 
 Notwithstanding anything in this Article 8 to the contrary, the Trustee
will deliver or pay to the Company from time to time upon the request of the Company any money or non-callable Government Securities held by it as provided in Section 8.04 which, in
the opinion of a nationally recognized firm of independent public accountants expressed in a written certification thereof delivered to the Trustee (which may be the opinion delivered under Section 8.04(1)), are in excess
of the amount thereof that would then be required to be deposited to effect an equivalent Legal Defeasance or Covenant Defeasance. 

  
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 Section 8.06 Repayment to Company. 

Any money deposited with the Trustee or any Paying Agent, or then held by the Company, in trust for the payment of the principal of, premium
or interest on, any Note and remaining unclaimed for two years after such principal, premium or interest has become due and payable shall be paid to the Company on its request or (if then held by the Company) will be discharged from such trust; and
the Holder of such Note will thereafter be permitted to look only to the Company for payment thereof, and all liability of the Trustee or such Paying Agent with respect to such trust money, and all liability of the Company as trustee thereof, will
thereupon cease; provided, however, that the Trustee or such Paying Agent, before being required to make any such repayment, may at the expense of the Company cause to be published once, in the New York Times and The Wall Street
Journal (national edition), notice that such money remains unclaimed and that, after a date specified therein, which will not be less than thirty (30) days from the date of such notification or publication, any unclaimed balance of such money
then remaining will be repaid to the Company. 
 Section 8.07 Reinstatement. 

If the Trustee or Paying Agent is unable to apply any U.S. dollars or non-callable Government
Securities in accordance with Section 8.02 or 8.03, as the case may be, by reason of any order or judgment of any court or Governmental Authority enjoining, restraining or otherwise prohibiting such application, then
the Company’s and the Guarantors’ obligations under this Indenture and the Notes and the Note Guarantees will be revived and reinstated as though no deposit had occurred pursuant to Section 8.02 or 8.03
until such time as the Trustee or Paying Agent is permitted to apply all such money in accordance with Section 8.02 or 8.03, as the case may be; provided, however, that, if the Company makes any payment
of principal of, premium or interest on, any Note following the reinstatement of its obligations, the Company will be subrogated to the rights of the Holders of such Notes to receive such payment from the money held by the Trustee or Paying Agent.

 ARTICLE 9 
 AMENDMENT,
SUPPLEMENT AND WAIVER 
 Section 9.01 Without Consent of Holders. 

Notwithstanding Section 9.02, the Company, the Guarantors and the Trustee may amend or supplement the Notes and this
Indenture or the Note Guarantees without the consent of any Holder: 
 (1) to cure any ambiguity, omission, mistake, defect
or inconsistency; 
 (2) to add covenants or defaults to this Indenture; 

(3) to modify the restrictive legends set forth on the face of the form of any series of Notes or modify the forms of
certification; 

  
 108 

 (4) to make any change that would provide any additional rights or benefits
to Holders, increase the interest rate applicable to the Notes or that does not adversely affect the legal rights under this Indenture of any Holder; 

(5) [reserved]; 

(6) to add additional assets as Collateral; 

(7) to provide for uncertificated Notes in addition to or in place of certificated Notes; 

(8) to provide for assumption of an Obligor’s obligations by a successor pursuant to this Indenture; 

(9) to release a Guarantor from its Note Guarantee and terminate such Note Guarantee in accordance with this Indenture; 

(10) to add any Note Guarantee; or 

(11) to evidence the succession of a new Trustee for any series of Notes. 

Upon the request of the Company accompanied by a resolution of its Board of Directors authorizing the execution of any such amended or
supplemental indenture, and upon receipt by the Trustee of the documents described in Section 7.02, the Trustee will join with the Company and the Guarantors in the execution of any amended or supplemental indenture
authorized or permitted by the terms of this Indenture and to make any further appropriate agreements and stipulations that may be therein contained. Any such amendment or waiver that imposes any obligation upon the Trustee or adversely affects the
rights of the Trustee in its individual capacity will become effective only with the consent of the Trustee. 
 Section 9.02 With Consent of
Holders. 
 Except as provided in this Section 9.02, the Company and the Trustee may amend or supplement this
Indenture (including Section 3.09, Section 4.12, Section 4.17, Section 4.19, Section 4.20, and
Section 4.21) and the Notes and the Note Guarantees with the consent of the Holders of at least a majority in aggregate principal amount of the then outstanding Notes voting as a single class, or if such amendment or
supplement applies to less than all series of Notes, all series affected by such amendment or supplement, of each series affected by such amendment or supplement (including consents obtained in connection with a tender offer or exchange offer for,
or purchase of, the Notes), and, subject to Sections 6.04 and Section 6.07, any existing Unmatured Event of Default or Event of Default (other than an Unmatured Event of Default or Event of Default in the payment of
the principal of, premium or interest on, the Notes, except a payment default resulting from an acceleration that has been rescinded) or compliance with any provision of this Indenture or the Notes or the Note Guarantees may be waived with the
consent of the Holders of a majority in aggregate principal amount of the then outstanding Notes voting as a single class (including, without limitation, consents obtained in connection with a tender offer or exchange offer for, or purchase of, the
Notes). Section 2.10 shall determine which Notes are considered to be “outstanding” for purposes of this Section 9.02. 

  
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 Upon the request of the Company accompanied by a resolution of its Board of Directors
authorizing the execution of any such amended or supplemental indenture, and upon the filing with the Trustee of evidence satisfactory to the Trustee of the consent of the Holders as aforesaid, and upon receipt by the Trustee of the documents
described in Section 7.02, the Trustee will join with the Company and the Guarantors in the execution of such amended or supplemental indenture unless such amended or supplemental indenture directly affects the
Trustee’s own rights, duties or immunities under this Indenture or otherwise, in which case the Trustee may in its discretion, but will not be obligated to, enter into such amended or supplemental Indenture. 

It is not be necessary for the consent of the Holders under this Section 9.02 to approve the particular form of any
proposed amendment, supplement or waiver, but it is sufficient if such consent approves the substance thereof. 
 After an amendment,
supplement or waiver under this Section 9.02 becomes effective, the Company will mail, or deliver via e-mail, to the Holders affected thereby a notice briefly describing the
amendment, supplement or waiver. Any failure of the Company to mail, or deliver via e-mail, such notice, or any defect therein, will not, however, in any way impair or affect the validity of any such amended
or supplemental indenture or waiver. Subject to Sections 6.04 and Section 6.07, the Holders of a majority in aggregate principal amount of the Notes then outstanding voting as a single class may waive compliance in a
particular instance by the Company with any provision of this Indenture or the Notes or the Note Guarantees. However, without the consent of each Holder of each series of Notes affected, an amendment, supplement or waiver under this
Section 9.02 may not (with respect to any Notes held by a non-consenting Holder): 

(1) reduce a noteholder voting threshold for consent in this Indenture to an amendment, supplement or waiver; 

(2) reduce the principal of or change the fixed maturity of any Note; 

(3) alter or waive any provisions or redemption payment with respect to the redemption of the Notes (other than notice
provisions); 
 (4) reduce the rate of or change the time for payment of interest on any Note; 

(5) waive an Unmatured Event of Default or Event of Default in respect of the payment of principal of or premium, if any, or
interest on the Notes (except a rescission of acceleration of the Notes by the Holders of at least a majority in aggregate principal amount of the then outstanding Notes and a waiver of the payment default that resulted from such acceleration); 

(6) changes to the currency of the Notes; 

(7) make any change in the provisions of this Indenture relating to waivers of past Unmatured Events of Default or the rights
of Holders to receive payments of principal of or premium, if any, or interest on the Notes; and 
 (8) making any change in
the preceding list of amendment and waiver provisions. 

  
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 Section 9.03 Decisions under Other Finance Documents. 

(a) Notwithstanding any provision of this Indenture or Section 7.2 of the CSAA to the contrary,the Trustee shall be
required, without the requirement of any vote or consent by the Holders, with respect to any Covered Modification, to vote as follows: 

(1) for any Covered Modification at a time when no Loans or Senior Debt Commitments in connection therewith remain outstanding,
the Trustee shall vote in favor of such Covered Modification so long as such Covered Modification causes the provisions of the Finance Documents that are being amended to be equally or more restrictive on the Company than the covenants in this
Indenture; 
 (2) for any Covered Modification at a time when the Loans or Senior Debt Commitments in connection therewith
then outstanding are less than 25% of the aggregate amount of Senior Debt then outstanding, the Trustee shall vote in conformity with the Term Lenders to the extent that any such Covered Modification causes the provisions of the Finance Documents
that are being amended to be equally or more restrictive on the Company than the covenants in this Indenture; 
 (3) for any
Covered Modification at a time when the Loans or Senior Debt Commitments in connection therewith then outstanding are 25% or greater of the aggregate amount of Senior Debt then outstanding, the Trustee shall vote in conformity with the Intercreditor
Agent; 
 provided, however, that the Trustee shall vote as follows for certain modifications to the Finance Documents
described below (“Fundamental Modifications”): 
 (4) if any Loans or Senior Debt Commitments in connection
therewith remain outstanding, the Trustee shall vote in conformity with the Term Lenders with respect to Fundamental Modifications set forth in Sections 7.2(b)(ii)(A), 7.2(b)(ii)(B), 7.2(b)(ii)(C), and 7.2(b)(ii)(D) of
the CSAA, or any other material modification to any Security Document, if the Fundamental Modification is not materially adverse to the Holders of the Notes, in each case as set forth in a certificate from an Authorized Officer of the Company, upon
which the Trustee may conclusively rely and will be fully protected in so relying, unless in any such case, such Fundamental Modification applies only to this Indenture; 

(5) if any Loans or Senior Debt Commitments in connection therewith remain outstanding, the Trustee shall vote in conformity
with the Term Lenders with respect to Fundamental Modifications set forth in Sections 7.2(a)(ii)(A), 7.2(a)(ii)(B), 7.2(a)(ii)(C) of the CSAA, if the Fundamental Modification contemplated thereby (i) does not result in the
Notes receiving payments that are less than pari passu with the Loans (other than due to timing differences in when payments are due on the Notes in accordance with their terms), and (ii) does not result in a material adverse change,
when considered together with all other Fundamental Modifications to any particular item specified in this clause, to (x) the priority of the waterfall of payments under Section 4.7(a)(i)-(v) of the CSAA of any payment
of principal, interest or other amounts payable (whether by prepayment or otherwise) under the Notes or (y) the then-required funding under then effective Finance 

  
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Documents of the Senior Debt Service Reserve Account, in each case as set forth in a certificate from an Authorized Officer of the Company, upon which the Trustee may conclusively rely and will
be fully protected in so relying; 
 (6) for any Fundamental Modifications set forth in Sections 7.2(a)(ii)(D),
7.2(a)(ii)(E), 7.1(a)(ii)(F), 7.2(b)(ii)(E) or 7.2(c) of the CSAA, the Trustee shall vote at the direction of the Holders of the aggregate principal amount of the Notes as described in Article 9. 

(7) for any Fundamental Modifications made at a time when no Loans or Senior Debt Commitments in connection therewith remain
outstanding, the Trustee shall vote at the direction of the aggregate principal amount of the Notes as set forth in Article 9. 

Section 9.04 [Reserved]. 
 Section 9.05
Revocation and Effect of Consents. 
 Until an amendment, supplement or waiver becomes effective, a consent to it by a Holder of a
Note is a continuing consent by the Holder of a Note and every subsequent Holder of a Note or portion of a Note that evidences the same debt as the consenting Holder’s Note, even if notation of the consent is not made on any Note. However, any
such Holder of a Note or subsequent Holder of a Note may revoke the consent as to its Note if the Trustee receives written notice of revocation before the date the amendment, supplement or waiver becomes effective. An amendment, supplement or waiver
becomes effective in accordance with its terms and thereafter binds every Holder. 
 Section 9.06 Notation on or Exchange of Notes. 

The Trustee may place an appropriate notation about an amendment, supplement or waiver on any Note thereafter authenticated. The Company in
exchange for all Notes may issue and the Trustee shall, upon receipt of an Authentication Order, authenticate new Notes that reflect the amendment, supplement or waiver. 

Failure to make the appropriate notation or issue a new Note will not affect the validity and effect of such amendment, supplement or waiver.

 Section 9.07 Trustee to Sign Amendments, etc. 

The Trustee will sign any amended or supplemental indenture authorized pursuant to this Article 9 if the amendment or supplement does
not adversely affect the rights, duties, liabilities or immunities of the Trustee. The Company may not sign an amended or supplemental indenture until the Board of Directors of the Company approves it. In executing any amended or supplemental
indenture, the Trustee will be entitled to receive and (subject to Section 7.01) will be fully protected in relying upon an Officer’s Certificate and an Opinion of Counsel stating that the execution of such amended or
supplemental indenture is authorized or permitted by this Indenture. 

  
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 ARTICLE 10 

COLLATERAL AND SECURITY 
 Section 10.01
Security. 
 (a) The payment of the Notes, when due, and the performance of all other Senior Debt are secured on a first-priority
basis, subject only to Permitted Liens, by security interests in all Collateral owned or at any time acquired by the Company and the Guarantors. 

(b) The Company shall, and shall cause each of the Guarantors to, do or cause to be done all acts and things which may be required, or which
the Security Trustee from time to time may reasonably request, to assure and confirm that the Security Trustee holds, for the benefit of the Holders and the other Senior Debt, duly created, enforceable and perfected Liens upon the Collateral as
contemplated by this Indenture and the Senior Debt Instruments, so as to render the same available for the security and benefit of this Indenture and of the Notes, according to the intent and purposes hereof expressed subject in each case to any
express provisions of any Senior Debt Instruments. 
 Section 10.02 Security Documents. 

(a) The Notes, upon issuance and the execution and delivery of the Accession Agreement, will be Senior Debt for purposes of the CSAA and the
Security Documents. The Trustee shall be the Senior Creditor Group Representative for the Notes. The Holders shall be Senior Noteholders. 

(b) Upon the execution and delivery of the Senior Creditor Group Representative Accession Agreement (which shall be substantially in the form
attached as Schedule D-1 to the CSAA (the “Accession Agreement”) and which each Holder of the Notes, by its acceptance of the Notes, instructs and directs the Trustee to execute and deliver on
the Notes Issue Date), the Notes (1) will constitute additional New Senior Debt (as defined in the Accession Agreement) and Senior Debt Obligations that are pari passu with all other Senior Debt Obligations and (2) will be secured
by the Collateral equally and ratably with all other Senior Debt Obligations. 
 (c) Each Holder appoints the Trustee as Senior Creditor
Group Representative of the Holders hereunder for purposes of the Accession Agreement and each Finance Document to which the Trustee is party on behalf of the Holders. 

Section 10.03 Collateral. 
 The
Notes are secured, together with all other Senior Debt of the Company, equally and ratably by security interests granted to the Security Trustee in all of the assets of the Company and the Guarantors. 

  
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 Section 10.04 Release of Security Interests. 

(a) With respect to the Notes or each series of Notes, the Security Trustee’s Liens upon Collateral will no longer secure the obligations
with respect to the Notes or that series of Notes and the right of the Holders of such obligations to the benefits and proceeds of the Security Trustee’s Liens on Collateral will terminate and be discharged: 

(1) 

(A) upon satisfaction and discharge of this Indenture as set forth under in Section 12.01; 

(B) upon a Legal Defeasance or Covenant Defeasance with respect to that series of Notes as set forth in Article 8; or

 (C) upon payment in full in cash of the applicable Notes and all other related Note obligations that are outstanding, due
and payable at the time the Notes are paid in full in cash; and 
 (2) in accordance with the CSAA. 

Section 10.05 Release of Collateral. 

(a) Notwithstanding any provision of this Indenture to the contrary, Collateral may only be released from the Lien and security interest
created by the Security Documents at any time or from time to time in accordance with the provisions of the CSAA and the other Security Documents. 

(b) No certificate shall be required in connection with any sale, transfer or other disposition of Collateral if such sale, transfer or other
disposition does not constitute an Asset Sale or is otherwise expressly permitted by the terms of any Security Document and such Security Document does not require delivery of such certificate and no instrument of release or other action of the
Security Trustee is required in connection with such release. 
 (c) The release of any Collateral from the terms of this Indenture and the
Security Documents will not be deemed to impair the security under this Indenture in contravention of the provisions hereof if and to the extent the Collateral is released pursuant to the terms of the Security Documents and none of the certificate
delivery requirements under Article 10 shall affect or impair the ability of the Company to obtain the release of any Collateral to the extent the Company complies with its obligations to obtain such release under the CSAA and the other
Security Documents. 
 Section 10.06 Certificates of the Company. 

The Company will provide to the Trustee any requests or certificates given to the Security Trustee under Section 3.8(b)(ii) of the CSAA.

 Section 10.07 Certificates of the Trustee. 

In the event that the Company wishes to release Collateral in accordance with the CSAA and the other Security Documents and has delivered the
certificates and documents required by the CSAA and the other Security Documents, the Trustee will determine whether it has received all documentation required under this Indenture in connection with such release and, will deliver a certificate to
the Security Trustee setting forth such determination. 

  
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 Section 10.08 Termination of Security Interest. 

Upon the payment in full of all obligations of the Company under this Indenture and the Notes, or upon Legal Defeasance, the Trustee will, at
the request of the Company, deliver a certificate to the Security Trustee stating that such obligations have been paid in full, and instruct the Security Trustee to release the Liens pursuant to this Indenture and the Security Documents (subject to
the satisfaction of any release of Lien provisions set forth in the Security Documents). 
 ARTICLE 11 

NOTE GUARANTEES 
 Section 11.01 Note
Guarantee. 
 (a) Subject to this Article 11 and to the requirements of Section 11 of the CSAA, each of
the Guarantors hereby, jointly and severally, unconditionally reaffirms and confirms hereunder its guarantee made pursuant to Section 11 of the CSAA to the Security Trustee for the ratable benefit of each of the Secured
Parties, including each Holder of a Note authenticated and delivered by the Trustee, irrespective of the validity and enforceability of this Indenture, the Notes or the obligations of the Company hereunder or thereunder, pursuant to which it has
guaranteed that: 
 (1) the principal of, premium and interest on, the Notes will be promptly paid in full when due, whether
at maturity, by acceleration, redemption or otherwise, and interest on the overdue principal of and interest on the Notes, if any, if lawful, and all other obligations of the Company to the Holders or the Trustee hereunder or thereunder will be
promptly paid in full or performed, all in accordance with the terms hereof and thereof; and 
 (2) in case of any extension
of time of payment or renewal of any Notes or any of such other obligations, that same will be promptly paid in full when due or performed in accordance with the terms of the extension or renewal, whether at stated maturity, by acceleration or
otherwise. 
 Failing payment when due of any amount so guaranteed or any performance so guaranteed for whatever reason, the Guarantors will
be jointly and severally obligated to pay the same immediately, subject to the CSAA. Each Guarantor agrees that this is a guarantee of payment and not a guarantee of collection. 

(b) The Guarantors hereby agree that their obligations under the Note Guarantees are unconditional, irrespective of the validity, regularity
or enforceability of the Notes or this Indenture, the absence of any action to enforce the same, any waiver or consent by any Holder of the Notes with respect to any provisions hereof or thereof, the recovery of any judgment against the Company, any
action to enforce the same or any other circumstance which might otherwise constitute a legal or equitable discharge or defense of a guarantor. To the extent permitted by applicable law, each Guarantor hereby waives diligence, presentment, demand of
payment, filing 

  
 115 

 
of claims with a court in the event of insolvency or bankruptcy of the Company, any right to require a proceeding first against the Company, protest, notice and all demands whatsoever and
covenant that this Note Guarantee will not be discharged except by complete performance of the obligations contained in the Notes and this Indenture. 

(c) If any Holder or the Trustee is required by any court or otherwise to return to the Company, the Guarantors or any custodian, trustee,
liquidator or other similar official acting in relation to either the Company or the Guarantors, any amount paid by either to the Trustee or such Holder, the Note Guarantee, to the extent theretofore discharged, will be reinstated in full force and
effect. 
 (d) Each Guarantor agrees and confirms that the provisions of Section 11 of the CSAA apply to its Note
Guarantees. 
 Section 11.02 Limitation on Guarantor Liability. 

Each Guarantor, and by its acceptance of Notes, each Holder, hereby confirms that it is the intention of all such parties that the Note
Guarantee of such Guarantor not constitute a fraudulent transfer or conveyance for purposes of Bankruptcy Law, the Uniform Fraudulent Conveyance Act, the Uniform Fraudulent Transfer Act or any similar federal or state law to the extent applicable to
any Note Guarantee. To effectuate the foregoing intention, and to the extent permitted by applicable law, the Trustee, the Holders and the Guarantors hereby irrevocably agree that the obligations of such Guarantor will be limited to the maximum
amount that will, after giving effect to such maximum amount and all other contingent and fixed liabilities of such Guarantor that are relevant under such laws, and after giving effect to any collections from, rights to receive contribution from or
payments made by or on behalf of any other Guarantor in respect of the obligations of such other Guarantor under this Article 11, result in the obligations of such Guarantor under its Note Guarantee not constituting a fraudulent transfer or
conveyance. 
 Section 11.03 Execution and Delivery of Note Guarantee Notation. 

To evidence its Note Guarantee set forth in Section 11.01, each Guarantor hereby agrees that a notation of such Note
Guarantee substantially in the form attached as Exhibit D hereto or such other form as may be provided in any supplemental indenture will be endorsed by an Officer of such Guarantor on each Note authenticated and delivered by the Trustee and that
this Indenture will be executed on behalf of such Guarantor by one of its Officers. 
 Each Guarantor hereby agrees that its Note Guarantee
set forth in Section 11.01 will remain in full force and effect notwithstanding any failure to endorse on each Note a notation of such Note Guarantee. 

If an Officer whose signature is on this Indenture or on the Note Guarantee no longer holds that office at the time the Trustee authenticates
the Note on which a Note Guarantee is endorsed, the Note Guarantee will be valid nevertheless. 
 The delivery of any Note by the Trustee,
after the authentication thereof hereunder, will constitute due delivery of the Note Guarantee set forth in this Indenture on behalf of the Guarantors. 

  
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 Section 11.04 Guarantors May Consolidate, etc., on Certain Terms. 

Except as otherwise provided in Section 11.05, the Company will not permit any Guarantor to dissolve or liquidate
nor consolidate with or merge with or into another Person (whether or not such Guarantor is the surviving entity), convert into another form of entity, continue in another jurisdiction, or sell, assign, transfer, lease, convey or otherwise dispose
of all or substantially all of its properties and assets, in one or more related transactions, to any Person (other than to or with or into the Company or another Guarantor) unless: 

(a) 
 (1) the
Person formed by or surviving such consolidation, merger, conversion or continuation (if other than the Guarantor) or to which such sale, assignment, transfer, lease, conveyance or disposition is made (the “Successor Guarantor”) is
a Person (other than an individual) organized and existing under the same laws as the Guarantor was organized immediately prior to such transaction, or under the laws of the United States, any state of the United States or the District of Columbia;

 (2) the Successor Guarantor, if other than such Guarantor, expressly assumes all the obligations of such Guarantor under
this Indenture, the Security Documents and its Note Guarantee pursuant to a supplemental indenture, appropriate modifications (if necessary) to the Security Documents and Note Guarantee; 

(3) no Event of Default or Unmatured Event of Default would exist immediately after giving effect to such transaction or series
of related transactions; and 
 (4) the Company will have delivered to the Trustee a certificate from an Authorized Officer
and an Opinion of Counsel, each stating that such consolidation or merger, conversion or continuation, or sale, assignment, transfer, lease, conveyance or disposition and such supplemental indenture, Security Documents and Note Guarantee, if any,
comply with this Indenture and the Security Documents and that all conditions precedent provided for in this Indenture and the Security Documents relating to such transaction have been complied with; or 

(b) the transaction does not violate the covenant described under Section 4.12. 

In case of any such consolidation or merger, conversion or continuation, or sale, assignment, transfer, lease, conveyance or disposition and
upon the assumption by the successor Person, by supplemental indenture, executed and delivered to the Trustee and satisfactory in form to the Trustee, of the Note Guarantee endorsed upon the Notes and the due and punctual performance of all of the
covenants and conditions of this Indenture to be performed by the Guarantor, such successor Person will succeed to and be substituted for the Guarantor with the same effect as if it had been named herein as a Guarantor. Such successor Person
thereupon may cause to be signed any or all of the Note Guarantees to be endorsed upon all of the Notes issuable hereunder which theretofore shall not have been signed by the Company and delivered to the Trustee. All the Note Guarantees so issued
will in all respects have the same legal rank and benefit under this Indenture as the Note Guarantees theretofore and thereafter issued in accordance with the terms of this Indenture as though all of such Note Guarantees had been issued at the date
of the execution hereof. 

  
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 Except as set forth in Articles 4 and 5, nothing contained in this Indenture
or in any of the Notes will prevent any consolidation or merger of a Guarantor with or into the Company or another Guarantor, or will prevent any sale or conveyance of the property of a Guarantor as an entirety or substantially as an entirety to the
Company or another Guarantor. 
 Section 11.05 Releases. 

The Note Guarantee of a Guarantor and the Security Interests granted by a Guarantor (and the Security Interests granted by the Company in
respect of its ownership interests in a Guarantor) for the benefit of the Holders will be automatically and unconditionally released upon: 

(a) 
 (1) any
sale, exchange, disposition or transfer (by merger, consolidation or otherwise) made in compliance with the applicable provisions of this Indenture (including Section 4.12) to a Person that is not (either before or after
giving effect to such transaction) the Company or a Restricted Subsidiary of the Company of: 
 (A) all or substantially all
of the Capital Stock of such Guarantor (and such Guarantor ceases to be a subsidiary of the Company as a result of such sale, exchange, disposition or transfer); or 

(B) all or substantially all of the assets of such Guarantor; 

(2) designation of any Guarantor as an Unrestricted Subsidiary in accordance with Section 4.39; 

(3) exercise of Legal Defeasance or Covenant Defeasance, if any, pursuant to Article 8 or upon payment in full in cash
of the applicable Notes and discharge of all other related Senior Debt Obligations that are outstanding, due and payable at the time the Notes are paid in full in cash and discharged; 

(4) subject to the provisions described in Section 5.01, the merger or consolidation of any Guarantor
with and into the Company, another Guarantor or a Person that will become a Guarantor substantially upon the consummation of such merger or consolidation, or upon the liquidation of such Guarantor following the transfer of all of its assets to the
Company or another Guarantor; 
 (5) the Note Guarantees or Security Interests granted by the Company or any Guarantors being
released and discharged pursuant to the CSAA, as described in the CSAA; or 
 (6) if otherwise permitted or required under
the terms of this Indenture; and 

  
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 (b) The Company delivering to the Trustee an Officer’s Certificate stating that all
conditions precedent provided in this Indenture and the CSAA for the release of such Guarantor from its Note Guarantee or such Security Interests have been complied with. 

If the requirements of clauses (a) and (b) above have been met, then upon request by the Company, the Trustee will (if required) execute
an instrument evidencing the release of the Note Guarantee of such Guarantor and/or Security Interests. 
 Additionally, the Trustee will
agree to release or assign the Note Guarantees held or made for the benefit of Holders on the date all outstanding amounts under the Notes have been redeemed, subject to reinstatement in the event any such payments are required to be returned. 

ARTICLE 12 
 SATISFACTION AND
DISCHARGE 
 Section 12.01 Satisfaction and Discharge. 

This Indenture will be discharged and will cease to be of further effect as to all Notes issued hereunder, when: 

(a) either: 
 (1)
all Notes that have been authenticated and delivered (except lost, stolen or destroyed Notes that have been replaced or paid and Notes for whose payment money has theretofore been deposited in trust or segregated and held in trust by the Company and
thereafter repaid to the Company or discharged from such trust) have been delivered to the Trustee for cancellation; or 

(2) all Notes that have not been delivered to the Trustee for cancellation (A) have become due and payable or
(B) will become due and payable within one year or are to be called for redemption within one year under irrevocable arrangements for the giving of notice of redemption by the Trustee in the name, and at the expense, of the Company, and the
Company or any Guarantor has irrevocably deposited or caused to be deposited with the Trustee cash, U.S. government obligations or a combination thereof in an amount sufficient, without reinvestment, in the opinion of, or as certified by, a
nationally recognized investment bank, appraisal firm, or firm of independent public accountants to pay and discharge the entire indebtedness on the Notes, not theretofore delivered to the Trustee for cancellation, for principal of, premium, if any,
and interest to the stated maturity or redemption date; 
 (b) no Unmatured Event of Default or Event of Default has occurred and is
Continuing on the date of such deposit (other than an Unmatured Event of Default or Event of Default resulting from the borrowing of funds to be applied to such deposit); 

(c) the Company has paid or caused to be paid all other sums then due and payable under this Indenture by the Company; 

  
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 (d) the Company has delivered irrevocable instructions to the Trustee under this Indenture
to apply the deposited money toward the payment of the Notes at maturity or on the redemption date, as the case may be; and 
 (e) the
Company has delivered to the Trustee an Officer’s Certificate and Opinion of Counsel to the effect that all conditions precedent under this Indenture relating to the discharge of the Notes have been complied with. 

Section 12.02 Application of Trust Money. 

Subject to the provisions of Section 8.06, all money deposited with the Trustee pursuant to
Section 12.01 shall be held in trust and applied by it, in accordance with the provisions of the Notes and this Indenture, to the payment, either directly or through any Paying Agent (including the Company acting as its own
Paying Agent) as the Trustee may determine, to the Persons entitled thereto, of the principal (and premium and Additional, if any) and interest for whose payment such money has been deposited with the Trustee; but such money need not be segregated
from other funds except to the extent required by law. 
 If the Trustee or Paying Agent is unable to apply any money or Government
Securities in accordance with Section 12.01 by reason of any legal proceeding or by reason of any order or judgment of any court or Governmental Authority enjoining, restraining or otherwise prohibiting such application,
the Company’s and any Guarantor’s obligations under this Indenture and the Notes shall be revived and reinstated as though no deposit had occurred pursuant to Section 12.01; provided that if the Company has
made any payment of principal of, premium or interest on, any Notes because of the reinstatement of its obligations, the Company shall be subrogated to the rights of the Holders of such Notes to receive such payment from the money or Government
Securities held by the Trustee or Paying Agent. 
 ARTICLE 13 

MISCELLANEOUS 
 Section 13.01
[Reserved]. 
 Section 13.02 Notices. 

Any notice or communication by the Company, any Guarantor or the Trustee to the others is duly given if in writing and delivered in Person or
by first class mail (registered or certified, return receipt requested), facsimile transmission, electronic mail or overnight air courier guaranteeing next day delivery, to the others’ address: 

  
 120 

 If to the Company and/or any Guarantor: 

Cheniere Corpus Christi Holdings, LLC 

c/o Cheniere Energy, Inc. 
 700
Milam Street, Suite 1900 
 Houston, TX 77002 

Facsimile No.: (713) 375-6000 

E-mail: Lisa.Cohen@cheniere.com 

Attention: Treasurer 
 With a
copy to (which copy shall be delivered as an accommodation and shall not be required to be delivered in satisfaction of any requirement hereof): 

Sullivan & Cromwell LLP 

125 Broad Street 
 New York, NY
10004 
 Facsimile No.: (212) 558-3588 

E-mail: NyattaI@sullcrom.com 

Attention: Inosi M. Nyatta 
 If
to the Trustee: 
 The Bank of New York Mellon 

500 Ross Street, 12th Floor 

Pittsburgh, PA 15262 
 Facsimile
No.: 412-234-8377 

E-mail: Raymond.K.ONeil@bnymellon.com 

Attention: Corporate Trust Administration – Ray O’Neil 

The Company, any Guarantor or the Trustee, by notice to the others, may designate additional or different addresses for subsequent notices or
communications. 
 All notices and communications (other than those sent to Holders) will be deemed to have been duly given: at the time
delivered by hand, if personally delivered; five (5) Business Days after being deposited in the mail, postage prepaid, if mailed; when receipt acknowledged, if transmitted by facsimile; at the time sent, if transmitted by electronic mail; and
the next Business Day after timely delivery to the courier, if sent by overnight air courier guaranteeing next day delivery; provided that all notices and communications to the Trustee shall not be deemed received by the Trustee unless
actually received by the Trustee at its address, facsimile number or electronic mail address set forth above. 
 Any notice or communication
to a Holder will be mailed by first class mail, or by certified or registered mail, return receipt requested, facsimile transmission, electronic mail or by overnight air courier guaranteeing next day delivery to its address shown on the register
kept by the Registrar. Failure to deliver a notice or communication to a Holder or any defect in it will not affect its sufficiency with respect to other Holders. 

  
 121 

 If a notice or communication is mailed in the manner provided above within the time
prescribed, it is duly given, whether or not the addressee receives it. 
 If the Company delivers a notice or communication to Holders, it
will send a copy to the Trustee and each Agent at the same time by any of the means described above with respect to notice or communication by the Company. 

The Trustee shall have the right, but shall not be required, to rely upon and comply with notices, instructions, directions or other
communications sent by electronic mail, facsimile and other similar unsecured electronic methods by persons believed by the Trustee to be authorized to give instructions and directions on behalf of the Company. The Trustee shall have no duty or
obligation to verify or confirm that the person who sent such instructions or directions is, in fact, a person authorized to give instructions or directions on behalf of the Company; and the Trustee shall have no liability for any losses,
liabilities, costs or expenses incurred or sustained by the Company as a result of such reliance upon or compliance with such notices, instructions, directions or other communications. The Company agrees to assume all risks arising out of the use of
such electronic methods to submit notices, instructions, directions or other communications to the Trustee, including without limitation the risk of the Trustee acting on unauthorized instructions, and the risk of interception and misuse by third
parties. The Company shall use all reasonable endeavors to ensure that any such notices, instructions, directions or other communications transmitted to the Trustee pursuant to this Indenture are complete and correct. Any such notices, instructions,
directions or other communications shall be conclusively deemed to be valid instructions from the Company to the Trustee for the purposes of this Indenture. 

Section 13.03 [Reserved]. 
 Section 13.04
Certificate and Opinion as to Conditions Precedent. 
 Upon any request or application by the Company to the Trustee to take any
action under this Indenture, the Company shall furnish to the Trustee: 
 (a) an Officer’s Certificate in form reasonably satisfactory
to the Trustee (which must include the statements set forth in Section 13.05) stating that, in the opinion of the signers, all conditions precedent and covenants, if any, provided for in this Indenture relating to the
proposed action have been complied with; and 
 (b) an Opinion of Counsel in form reasonably satisfactory to the Trustee (which must include
the statements set forth in Section 13.05) stating that, in the opinion of such counsel, all such conditions precedent and covenants have been complied with. 

Section 13.05 Statements Required in Certificate or Opinion. 

Each certificate or opinion with respect to compliance with a condition or covenant provided for in this Indenture must include: 

(1) a statement that the Person making such certificate or opinion has read such covenant or condition; 

  
 122 

 (2) a brief statement as to the nature and scope of the examination or
investigation upon which the statements or opinions contained in such certificate or opinion are based; 
 (3) a statement
that, in the opinion of such Person, he or she has made such examination or investigation as is necessary to enable him or her to express an informed opinion as to whether or not such covenant or condition has been complied with; and 

(4) a statement as to whether or not, in the opinion of such Person, such condition or covenant has been complied with. 

Section 13.06 Rules by Trustee and Agents. 

The Trustee may make reasonable rules for action by or at a meeting of Holders. The Registrar or Paying Agent may make reasonable rules and
set reasonable requirements for its functions. 
 Section 13.07 No Personal Liability of Directors, Officers, Employees and Stockholders. 

No past, present or future director, manager, officer, employee, incorporator, member, partner, Affiliate or stockholder of the Company or any
Guarantor (in each case other than the Company and the Guarantors) or the Sponsor, as such, will have any liability for any obligations of the Company or the Guarantors under the Notes, this Indenture, the Note Guarantees, the Security Documents, or
for any claim based on, in respect of, or by reason of, such obligations or their creation. Each Holder by accepting a Note waives and releases all such liability. The waiver and release are part of the consideration for issuance of the Notes. The
waiver may not be effective to waive liabilities under the federal securities laws. 
 Section 13.08 Governing Law; Waiver of Jury Trial;
Jurisdiction. 
 (a) THE LAW OF THE STATE OF NEW YORK WILL GOVERN AND BE USED TO CONSTRUE THIS INDENTURE, THE NOTES AND THE NOTE
GUARANTEES WITHOUT REGARD TO CONFLICTS OF LAWS PRINCIPLES THEREOF OTHER THAN SECTION 5-1401 OF THE NEW YORK GENERAL OBLIGATIONS LAW. 

(B) EACH OF THE COMPANY, ANY GUARANTORS AND THE TRUSTEE, AND EACH HOLDER OF A NOTE, BY ITS ACCEPTANCE THEREOF, HEREBY IRREVOCABLY WAIVES,
TO THE FULLEST EXTENT PERMITTED BY APPLICABLE LAW, ANY AND ALL RIGHT IT MAY HAVE TO TRIAL BY JURY IN ANY LEGAL PROCEEDING DIRECTLY OR INDIRECTLY ARISING OUT OF OR RELATING TO THIS INDENTURE, THE SECURITIES OR THE TRANSACTIONS CONTEMPLATED HEREBY OR
THEREBY. 
 (c) Each of the Company and each Guarantor, if any, irrevocably consents and submits, for itself and in respect of any of
its assets or property, to the non-exclusive jurisdiction of any court of the State of New York or any United States federal court sitting, in each case, in the Borough of Manhattan, the City of New York, New
York, United States of America, and any appellate court from any thereof in any suit, action or proceeding that may be brought in connection 

  
 123 

 
with this Indenture or the securities, and waives any immunity from the jurisdiction of such courts. Each of the Company and each Guarantor, if any, irrevocably waives, to the fullest extent
permitted by law, any objection to any such suit, action or proceeding that may be brought in such courts whether on the grounds of venue, residence or domicile or on the ground that any such suit, action or proceeding has been brought in an
inconvenient forum. Each of the Company and each Guarantor, if any, agrees, to the fullest extent that it lawfully may do so, that final judgment in any such suit, action or proceeding brought in such a court shall be conclusive and binding upon the
Company and any Guarantor, if any, as applicable, and each of the Company and any Guarantor, if any, waives, to the fullest extent permitted by law, any objection to the enforcement by any competent court in the Company’s and the applicable
Guarantor’s, as applicable, jurisdiction of organization of judgments validly obtained in any such court in New York on the basis of such suit, action or proceeding; provided, however, that neither the Company nor any Guarantor
waive, and the foregoing provisions of this sentence shall not constitute or be deemed to constitute a waiver of, (i) any right to appeal any such judgment, to seek any stay or otherwise to seek reconsideration or review of any such judgment or
(ii) any stay of execution or levy pending an appeal from, or a suit, action or proceeding for reconsideration of, any such judgment. 

Section 13.09 No Adverse Interpretation of Other Agreements. 

This Indenture may not be used to interpret any other indenture, loan or debt agreement of the Company or its Subsidiaries or of any other
Person. Any such indenture, loan or debt agreement may not be used to interpret this Indenture. 
 Section 13.10 Successors. 

All agreements of the Company in this Indenture and the Notes will bind its successors. All agreements of the Trustee in this Indenture will
bind its successors. All agreements of each Guarantor in this Indenture will bind its successors, except as otherwise provided in Section 11.05. 

Section 13.11 Severability. 
 In
case any provision in this Indenture or in the Notes is invalid, illegal or unenforceable, the validity, legality and enforceability of the remaining provisions will not in any way be affected or impaired thereby. 

Section 13.12 Counterpart Originals. 

The parties may sign any number of copies of this Indenture. Each signed copy will be an original, but all of them together represent the same
agreement. The exchange of copies of this Indenture and of signature pages by facsimile or electronic format (i.e., “pdf” or “tif”) transmission shall constitute effective execution and delivery of this Indenture as to the
parties hereto and may be used in lieu of the original Indenture for all purposes. Signatures of the parties hereto transmitted by facsimile or electronic format (i.e., “pdf” or “tif”) shall be deemed to be their original
signatures for all purposes. 

  
 124 

 Section 13.13 Trustee’s Receipt of Funds to the Extent not Required to be Applied
to Payment of the Notes. 
 To the extent the Trustee receives any money from the Company or pursuant to any of the Finance Documents,
and such money is not required to be used to redeem or repay the Notes as set forth in a certificate of an Authorized Officer of the Company, such moneys shall be deposited into the Account under the CSAA as specified by the Company in such
certificate. 
 Section 13.14 Table of Contents, Headings, etc. 

The Table of Contents, Cross-Reference Table and Headings of the Articles and Sections of this Indenture have been inserted for convenience of
reference only, are not to be considered a part of this Indenture and will in no way modify or restrict any of the terms or provisions hereof. 

Section 13.15 Electronic Execution of Documents. 

The words “execution,” “execute”, “signed,” “signature,” and words of like import in this Indenture or
any document to be signed in connection with this Indenture and the transactions contemplated hereby shall be deemed to include manual signatures that are scanned, photocopied or faxed or other electronic signatures created on an electronic platform
(such as DocuSign) or digital signature (such as Adobe Sign), in each case that is approved by the Trustee, and contract formations on electronic platforms approved by the Trustee, or the keeping of records in electronic form, each of which shall be
of the same legal effect, validity or enforceability as a manually executed signature or the use of a paper-based recordkeeping system, as the case may be, to the extent and as provided for in any applicable law, including the Federal Electronic
Signatures in Global and National Commerce Act, the New York State Electronic Signatures and Records Act, or any other similar state laws based on the Uniform Electronic Transactions Act. 

[Signatures on following page] 

  
 125 

 SIGNATURES 

Dated as of August 20, 2020 
  

			
	CHENIERE CORPUS CHRISTI HOLDINGS, LLC
		
	By:	 	/s/ Lisa Cohen
		 	Name: Lisa Cohen
		 	Title: Treasurer
	
	CORPUS CHRISTI LIQUEFACTION, LLC
		
	By:	 	/s/ Lisa Cohen
		 	Name: Lisa Cohen
		 	Title: Treasurer
	
	CHENIERE CORPUS CHRISTI PIPELINE, L.P.
		
	By:	 	/s/ Lisa Cohen
		 	Name: Lisa Cohen
		 	Title: Treasurer
	
	CORPUS CHRISTI PIPELINE GP, LLC
		
	By:	 	/s/ Lisa Cohen
		 	Name: Lisa Cohen
		 	Title: Treasurer

 
			
	THE BANK OF NEW YORK MELLON, as Trustee
		
	By:	 	/s/ Shannon Matthews
		 	Name: Shannon Matthews
		 	Title: Agent

 APPENDIX A 

PAYMENT SCHEDULE 
  

																	
	 Date
	  	Principal Repayment	 	  	Interest Payment	 	  	Total Payment	 	  	Outstanding Principal	 
	 12/31/2020
	  	 	—  	 	  	$	9,846,705.24	 	  	$	9,846,705.24	 	  	$	768,740,000.00	 
	 6/30/2021
	  	 	—  	 	  	$	13,529,824.00	 	  	$	13,529,824.00	 	  	$	768,740,000.00	 
	 12/31/2021
	  	 	—  	 	  	$	13,529,824.00	 	  	$	13,529,824.00	 	  	$	768,740,000.00	 
	 6/30/2022
	  	 	—  	 	  	$	13,529,824.00	 	  	$	13,529,824.00	 	  	$	768,740,000.00	 
	 12/31/2022
	  	 	—  	 	  	$	13,529,824.00	 	  	$	13,529,824.00	 	  	$	768,740,000.00	 
	 6/30/2023
	  	 	—  	 	  	$	13,529,824.00	 	  	$	13,529,824.00	 	  	$	768,740,000.00	 
	 12/31/2023
	  	 	—  	 	  	$	13,529,824.00	 	  	$	13,529,824.00	 	  	$	768,740,000.00	 
	 6/30/2024
	  	 	—  	 	  	$	13,529,824.00	 	  	$	13,529,824.00	 	  	$	768,740,000.00	 
	 12/31/2024
	  	 	—  	 	  	$	13,529,824.00	 	  	$	13,529,824.00	 	  	$	768,740,000.00	 
	 6/30/2025
	  	 	—  	 	  	$	13,529,824.00	 	  	$	13,529,824.00	 	  	$	768,740,000.00	 
	 12/31/2025
	  	 	—  	 	  	$	13,529,824.00	 	  	$	13,529,824.00	 	  	$	768,740,000.00	 
	 6/30/2026
	  	 	—  	 	  	$	13,529,824.00	 	  	$	13,529,824.00	 	  	$	768,740,000.00	 
	 12/31/2026
	  	 	—  	 	  	$	13,529,824.00	 	  	$	13,529,824.00	 	  	$	768,740,000.00	 
	 6/30/2027
	  	$	7,687,400.00	 	  	$	13,529,824.00	 	  	$	21,217,224.00	 	  	$	761,052,600.00	 
	 12/31/2027
	  	$	7,687,400.00	 	  	$	13,394,525.76	 	  	$	21,081,925.76	 	  	$	753,365,200.00	 
	 6/30/2028
	  	$	7,687,400.00	 	  	$	13,259,227.52	 	  	$	20,946,627.52	 	  	$	745,677,800.00	 
	 12/31/2028
	  	$	25,964,219.56	 	  	$	13,123,929.28	 	  	$	39,088,148.84	 	  	$	719,713,580.44	 
	 6/30/2029
	  	$	26,473,767.36	 	  	$	12,666,959.02	 	  	$	39,140,726.37	 	  	$	693,239,813.09	 
	 12/31/2029
	  	$	26,993,315.04	 	  	$	12,201,020.71	 	  	$	39,194,335.75	 	  	$	666,246,498.04	 
	 6/30/2030
	  	$	27,523,058.86	 	  	$	11,725,938.37	 	  	$	39,248,997.23	 	  	$	638,723,439.18	 
	 12/31/2030
	  	$	28,063,198.89	 	  	$	11,241,532.53	 	  	$	39,304,731.42	 	  	$	610,660,240.29	 
	 6/30/2031
	  	$	28,613,939.16	 	  	$	10,747,620.23	 	  	$	39,361,559.39	 	  	$	582,046,301.13	 
	 12/31/2031
	  	$	29,175,487.71	 	  	$	10,244,014.90	 	  	$	39,419,502.61	 	  	$	552,870,813.42	 
	 6/30/2032
	  	$	29,748,056.66	 	  	$	9,730,526.32	 	  	$	39,478,582.97	 	  	$	523,122,756.77	 
	 12/31/2032
	  	$	30,331,862.28	 	  	$	9,206,960.52	 	  	$	39,538,822.80	 	  	$	492,790,894.48	 
	 6/30/2033
	  	$	30,927,125.06	 	  	$	8,673,119.74	 	  	$	39,600,244.81	 	  	$	461,863,769.42	 
	 12/31/2033
	  	$	31,534,069.89	 	  	$	8,128,802.34	 	  	$	39,662,872.23	 	  	$	430,329,699.53	 
	 6/30/2034
	  	$	32,152,926.02	 	  	$	7,573,802.71	 	  	$	39,726,728.73	 	  	$	398,176,773.51	 
	 12/31/2034
	  	$	32,783,927.20	 	  	$	7,007,911.21	 	  	$	39,791,838.41	 	  	$	365,392,846.31	 
	 6/30/2035
	  	$	33,427,311.76	 	  	$	6,430,914.10	 	  	$	39,858,225.86	 	  	$	331,965,534.55	 
	 12/31/2035
	  	$	34,083,322.76	 	  	$	5,842,593.41	 	  	$	39,925,916.16	 	  	$	297,882,211.80	 
	 6/30/2036
	  	$	34,752,207.98	 	  	$	5,242,726.93	 	  	$	39,994,934.90	 	  	$	263,130,003.82	 
	 12/31/2036
	  	$	35,434,220.06	 	  	$	4,631,088.07	 	  	$	40,065,308.12	 	  	$	227,695,783.76	 
	 6/30/2037
	  	$	36,129,616.61	 	  	$	4,007,445.79	 	  	$	40,137,062.41	 	  	$	191,566,167.15	 
	 12/31/2037
	  	$	36,838,660.34	 	  	$	3,371,564.54	 	  	$	40,210,224.88	 	  	$	154,727,506.81	 
	 6/30/2038
	  	$	37,561,619.06	 	  	$	2,723,204.12	 	  	$	40,284,823.18	 	  	$      	117,165,887.75	 
	 12/31/2038
	  	$	38,298,765.84	 	  	$	2,062,119.62	 	  	$      	40,360,885.46	 	  	$	78,867,121.91	 
	 6/30/2039
	  	$	39,050,379.10	 	  	$      	1,388,061.35	 	  	$	40,438,440.45	 	  	$	39,816,742.81	 
	 12/31/2039
	  	$      	39,816,742.81	 	  	$	700,774.67	 	  	$	40,517,517.48	 	  	 	—  	 

 EXHIBIT A 

[Face of Note] 
 PPN:
[•] 
 3.52% Senior Secured Notes due December 31, 2039 

No. _____ $ _________ 
 CHENIERE CORPUS CHRISTI
HOLDINGS, LLC 
 promises to pay to ________ or registered assigns, the principal sum of 

___________________________________________ DOLLARS and interest thereon in the pro rata amounts and on the Indenture Payment Dates provided for under
Appendix A of the within-mentioned Indenture. 
 Indenture Payment Dates: June 30 and December 31, commencing on the first such date
following the Notes Issue Date or, if such day is not a Business Day, the next succeeding Business Day. 
 DATED : ____________, 20 ____ 

 

			
	CHENIERE CORPUS CHRISTI HOLDINGS, LLC
		
	By:	 	 
	Name:	 	
	Title:	 	

 This is one of the Notes referred to 

in the within-mentioned Indenture: 
  

			
	THE BANK OF NEW YORK MELLON, as Trustee
		
	By:	 	 
		 	Authorized Signatory

  
 A-1-1 

 [Back of Note] 

3.52% Senior Secured Notes due December 31, 2039 

[Insert the Private Placement Legend, if applicable pursuant to the provisions of the Indenture] 

Capitalized terms used herein have the meanings assigned to them in the Indenture referred to below unless otherwise indicated. 

(1) PRINCIPAL AND INTEREST. Cheniere Corpus Christi
Holdings, LLC, a Delaware limited liability company (the “Company”), promises to pay principal and interest on the principal amount of this Note in the pro rata amounts and on the Indenture Payment Dates provided for under
Appendix A of the within-mentioned Indenture. Interest on the Notes will accrue from the most recent date to which interest has been paid or, if no interest has been paid, from the date of issuance; provided that if there is no
existing Unmatured Event of Default or Event of Default in the payment of interest, and if this Note is authenticated between a record date referred to on the face hereof and the next succeeding Indenture Payment Date, interest shall accrue from
such next succeeding Indenture Payment Date. The Company will pay interest (including post-petition interest in any proceeding under any Bankruptcy Law) on overdue principal and premium, if any, from time to time on demand at a rate that is 0.5% per
annum in excess of the rate then in effect to the extent lawful; it will pay interest (including post-petition interest in any proceeding under any Bankruptcy Law) on overdue installments of interest (without regard to any applicable grace periods)
from time to time on demand at the same rate to the extent lawful. Interest will be computed on the basis of a 360-day year of twelve 30-day months. 

(2) METHOD OF PAYMENT. The Company will make payments on the
Notes (except defaulted interest) to the Persons who are registered Holders of Notes at the close of business on the June 15 or December 15 next preceding the Indenture Payment Date, even if such Notes are canceled after such record date
and on or before such Indenture Payment Date, except as provided in Section 2.14 of the Indenture with respect to defaulted interest. The Notes will be payable as to principal, premium and interest at the office or agency
of the Paying Agent or Registrar maintained for such purpose within or without the City and State of New York, or, at the option of the Company, payment of interest may be made by check mailed to the Holders at their addresses set forth in the
register of Holders; provided that payment by wire transfer of immediately available funds will be required with respect to principal of and interest, premium on, all Notes the Holders of which will have provided wire transfer instructions to
the Company or the Paying Agent. Each Holder shall provide prior written notice to the Paying Agent of any revisions to its wire transfer instructions. Such payment will be in such coin or currency of the United States of America as at the time of
payment is legal tender for payment of public and private debts. 
 (3) PAYING AGENT
AND REGISTRAR. Initially, The Bank of New York Mellon, the Trustee under the Indenture, will act as Paying Agent and Registrar. The Company may change any Paying Agent or Registrar without notice to
any Holder. The Company or any of its Subsidiaries may act in any such capacity. 

  
 A-1-2 

 (4) INDENTURE AND SECURITY
DOCUMENTS. The Company issued the Notes under an Indenture, dated as of August 20, 2020 (the “Indenture”) among the Company, the Guarantors and the Trustee. The terms of the Notes include those
stated in the Indenture. The Notes are subject to all such terms, and Holders are referred to the Indenture and such Act for a statement of such terms. To the extent any provision of this Note conflicts with the express provisions of the Indenture,
the provisions of the Indenture shall govern and be controlling. The Notes are secured obligations of the Company. The Notes are secured by a pledge of Collateral pursuant to the Security Documents referred to in the Indenture. The Indenture does
not limit the aggregate principal amount of Notes that may be issued thereunder. 
 (5) OPTIONAL
REDEMPTION. 
 At any time or from time to time prior to June 30, 2039, the Company may, at its
option, redeem all or a part of the Notes, at a redemption price equal to the Make-Whole Price (subject to the right of Holders of record on the relevant record date to receive interest due on an Indenture Payment Date that is on or prior to the
redemption date, without duplication). The notice of redemption with respect to the foregoing redemption need not set forth the Make-Whole Price but only the manner of calculation thereof. The Company will notify the Trustee of the Make-Whole Price
with respect to any redemption promptly after the calculation, and the Trustee shall not be responsible for such calculation. 
 At any time
on or after June 30, 2039, the Company may, at its option, redeem all or a part of the Notes, at a redemption price equal to 100% of the principal amount of the Notes to be redeemed, plus accrued and unpaid interest up to but excluding the
redemption date, without any premium, penalty or charge (subject to the right of holders of record on the relevant record date to receive interest due on an Indenture Payment Date that is on or prior to the redemption date, without duplication).

 (6) MANDATORY REDEMPTION. 

The Company is not required to make mandatory redemption or sinking fund payments with respect to the Notes. 

(7) REPURCHASE AT THE OPTION OF
HOLDER. 
 (a) Upon the occurrence of a Change of Control, the Company will make an offer
(a “Change of Control Offer”) of payment (a “Change of Control Payment”) to each Holder to repurchase all or any part (equal to $100,000 and integral multiples of $1,000 in excess thereof) of that Holder’s
Notes at a purchase price in cash equal to not less than 101% of the aggregate principal amount of Notes repurchased plus accrued and unpaid interest to the date of repurchase (the “Change of Control Payment Date,” which date will
be no earlier than the date of such Change of Control). No later than thirty (30) days following any Change of Control, the Company will mail, or deliver via e-mail, a notice to each Holder setting forth
the procedures governing the Change of Control Offer as required by the Indenture. 

  
 A-1-3 

 (b) The Company will be required to make an Asset Sale Offer, Excess Loss
Proceeds Offer, PLD Excess Proceeds Offer or the LNG SPA Mandatory Offer to the extent provided in Section 4.12, Section 4.19, Section 4.20, or
Section 4.21, respectively, of the Indenture. 
 (8) NOTICE OF
REDEMPTION. The Company will mail, or deliver via e-mail, a notice of redemption at least thirty (30) days but not more than sixty (60) days before the redemption
date to each Holder whose Notes are to be redeemed at its registered address, except that redemption notices may be mailed, or delivered via e-mail, more than sixty (60) days prior to a redemption date if
the notice is issued in connection with a defeasance of the Notes or a satisfaction or discharge of the Indenture. Notes in denominations larger than $100,000 may be redeemed in part but only in whole multiples of $1,000 in excess thereof, unless
all of the Notes held by a Holder are to be redeemed. 
 (9) DENOMINATIONS, TRANSFER,
EXCHANGE. The Notes are in registered form without coupons in denominations of $100,000 and integral multiples of $1,000 in excess thereof. The transfer of Notes may be registered and Notes may be exchanged as
provided in the Indenture. The Registrar and the Trustee may require a Holder, among other things, to furnish appropriate endorsements and transfer documents and the Company may require a Holder to pay any taxes and fees required by law or permitted
by the Indenture. The Company need not exchange or register the transfer of any Note or portion of a Note selected for redemption, except for the unredeemed portion of any Note being redeemed in part. Also, the Company need not exchange or register
the transfer of any Notes for a period of fifteen (15) days before a selection of Notes to be redeemed or during the period between a record date and the corresponding Indenture Payment Date. 

(10) PERSONS DEEMED OWNERS. The registered Holder of a Note
may be treated as its owner for all purposes. 
 (11) TRUSTEE DEALINGS WITH
COMPANY. The Trustee, in its individual or any other capacity, may make loans to, accept deposits from, and perform services for the Company or its Affiliates, and may otherwise deal with the Company or its
Affiliates, as if it were not the Trustee. 
 (12) NO RECOURSE AGAINST
OTHERS. 
 No past, present or future director, manager, officer, employee, incorporator,
member, partner, Affiliate or stockholder of the Company or any Guarantor (in each case other than the Company and the Guarantors) or the Sponsor, as such, will have any liability for any obligations of the Company or the Guarantors under the Notes,
this Indenture, the Note Guarantees, the Security Documents, or for any claim based on, in respect of, or by reason of, such obligations or their creation. Each Holder by accepting a Note waives and releases all such liability. The waiver and
release are part of the consideration for issuance of the Notes. The waiver may not be effective to waive liabilities under the federal securities laws. 

  
 A-1-4 

 (13) AUTHENTICATION. This Note will not
be valid until authenticated by the manual signature of the Trustee or an authenticating agent or as otherwise provided for by Section 13.15 of the Indenture. 

(14) ABBREVIATIONS. Customary abbreviations may be used in the name of a Holder or an
assignee, such as: TEN COM (= tenants in common), TEN ENT (= tenants by the entireties), JT TEN (= joint tenants with right of survivorship and not as tenants in common), CUST (= Custodian), and U/G/M/A (= Uniform Gifts to Minors Act). 

(15) [reserved] 

(16) PPN NUMBERS. Pursuant to a recommendation promulgated by the Committee on
Uniform Security Identification Procedures, the Company has caused PPN numbers to be printed on the Notes, and the Trustee may use PPN numbers in notices of redemption as a convenience to Holders. No representation is made as to the accuracy of such
numbers either as printed on the Notes or as contained in any notice of redemption, and reliance may be placed only on the other identification numbers placed thereon. 

(17) GOVERNING LAW. THE LAW OF THE STATE OF NEW YORK WILL GOVERN AND BE
USED TO CONSTRUE THE INDENTURE, THIS NOTE AND THE NOTE GUARANTEES. 
 The Company will furnish to any Holder upon written request and
without charge a copy of the Indenture. Requests may be made to: 
 Cheniere Corpus Christi Holdings, LLC 

c/o Cheniere Energy, Inc. 
 700 Milam Street, Suite 1900 

Houston, TX 77002 
 Attention: Treasurer 

  
 A-1-5 

 ASSIGNMENT FORM 

To assign this Note, fill in the form below: 
  

			
	 (I) or (we) assign and transfer this Note to:
	  	 
		  	(Insert assignee’s legal name)
	 	  	 
	(Insert assignee’s soc. sec. or tax I.D. no.)
	 
	
	 
	
	 
	
	 
	(Print or type assignee’s name, address and zip code)
	 and irrevocably
	  	 
	 appoint to transfer this Note on the books of the Company. The agent may substitute
another to act for him.

 Date: ________________ 

Your Signature: ___________________________ 

(Sign exactly as your name appears on the 

face of this
Note)                                        

 Signature Guarantee*: ____________________________ 
  

 

	*	 Participant in a recognized Signature Guarantee Medallion Program (or other signature guarantor acceptable to
the Trustee). 

  
 A-1-6 

 OPTION OF HOLDER TO
ELECT PURCHASE 
 If you want to elect to have this Note purchased by the Company pursuant to
Section 4.12, Section 4.17, Section 4.19, Section 4.20, Section 4.21 of the Indenture, check the appropriate box below:

  

							
	☐  Section 4.12	  	☐  Section 4.17	  	☐  Section 4.19	  	☐  Section 4.20
	☐  Section 4.21	  		  		  	
		  		  		  	

 If you want to elect to have only part of the Note purchased by the Company pursuant to
Section 4.12, Section 4.17, Section 4.19, Section 4.20, Section 4.21 of the Indenture, state the amount you elect to
have purchased: 
 $_____________ 
 Date:
________________ 
 Your Signature: ___________________________ 

(Sign exactly as your name appears on the 

face of this Note) 
 Tax
Identification No: ______________________ 
 Signature Guarantee*: ____________________________ 

 

	*	 Participant in a recognized Signature Guarantee Medallion Program (or other signature guarantor acceptable to
the Trustee). 

  
 A-1-7 

 EXHIBIT B 

FORM OF CERTIFICATE OF TRANSFER 
 The Bank of New
York Mellon, as Trustee 
 240 Greenwich Street 
 New York,
New York 10286 
  

	cc:	 Cheniere Corpus Christi Holdings, LLC 

c/o Cheniere Energy, Inc. 
 700
Milam Street, Suite 1900 
 Houston, TX 77002 

Re: 3.52% Senior Secured Notes due December 31, 2039 issued by Cheniere Corpus Christi Holdings, LLC 

Reference is hereby made to the Indenture, dated as of August 20, 2020 (the “Indenture”), among Cheniere Corpus Christi
Holdings, LLC, as issuer (the “Company”), the Guarantors party thereto and The Bank of New York Mellon, as trustee. Capitalized terms used but not defined herein shall have the meanings given to them in the Indenture. 

________________________,             (the “Transferor”) owns and
proposes to transfer the Note[s] or interest in such Note[s] specified in Annex A hereto, in the principal amount of $ in such Note[s] or interests (the “Transfer”), to (the “Transferee”), as further specified in
Annex A hereto. In connection with the Transfer, the Transferor hereby certifies that: 
 [CHECK ALL THAT APPLY] 

 

	 	1.	 ☐ Check if Transferee will take delivery of a Restricted Definitive Note pursuant to Rule
144A. The Transfer is being effected pursuant to and in accordance with Rule 144A (“Rule 144A”) under the Securities Act of 1933, as amended (the “Securities Act”), and, accordingly, the Transferor hereby
further certifies that the Definitive Note is being transferred to a Person that the Transferor reasonably believes is purchasing the Definitive Note for its own account, or for one or more accounts with respect to which such Person exercises sole
investment discretion, and such Person and each such account is a “qualified institutional buyer” within the meaning of Rule 144A in a transaction meeting the requirements of Rule 144A, and such Transfer is in compliance with any
applicable blue sky securities laws of any state of the United States. Upon consummation of the proposed Transfer in accordance with the terms of the Indenture, the transferred Definitive Note will be subject to the restrictions on transfer
enumerated in the Private Placement Legend printed on the Restricted Definitive Note and in the Indenture and the Securities Act. 

  

	 	2.	 ☐ Check if Transferee will take delivery of a Restricted Definitive Note pursuant to Regulation
S. The Transfer is being effected pursuant to and in accordance with Rule 903 or Rule 904 under the Securities Act and, accordingly, 

  
 B-1 

	 	
the Transferor hereby further certifies that (i) the Transfer is not being made to a Person in the United States and (x) at the time the buy order was originated, the Transferee was
outside the United States or such Transferor and any Person acting on its behalf reasonably believed and believes that the Transferee was outside the United States or (y) the transaction was executed in, on or through the facilities of a
designated offshore securities market and neither such Transferor nor any Person acting on its behalf knows that the transaction was prearranged with a buyer in the United States, (ii) no directed selling efforts have been made in contravention
of the requirements of Rule 903(b) or Rule 904(b) of Regulation S under the Securities Act, (iii) the transaction is not part of a plan or scheme to evade the registration requirements of the Securities Act and (iv) if the proposed
transfer is being made prior to the expiration of the Restricted Period, the transfer is not being made to a U.S. Person or for the account or benefit of a U.S. Person. Upon consummation of the proposed transfer in accordance with the terms of the
Indenture, the transferred Definitive Note will be subject to the restrictions on Transfer enumerated in the Private Placement Legend printed on the Restricted Definitive Note and in the Indenture and the Securities Act. 

 

	 	3.	 ☐ Check and complete if Transferee will take delivery of a Restricted Definitive Note pursuant to
any provision of the Securities Act other than Rule 144A or Regulation S. The Transfer is being effected in compliance with the transfer restrictions applicable to Restricted Definitive Notes and pursuant to and in accordance with the
Securities Act and any applicable blue sky securities laws of any state of the United States, and accordingly the Transferor hereby further certifies that (check one): 

(a) ☐ such Transfer is being effected pursuant to and in accordance with Rule 144 under the Securities Act; 

or 
 (b) ☐
such Transfer is being effected to the Company or a subsidiary thereof; 
 or 

(c) ☐ such Transfer is being effected pursuant to an effective registration statement under the Securities Act and in
compliance with the prospectus delivery requirements of the Securities Act; 
 or 

(d) ☐ such Transfer is being effected to an Institutional Accredited Investor and pursuant to an exemption from the
registration requirements of the Securities Act other than Rule 144A, Rule 144, Rule 903 or Rule 904, and the Transferor hereby further certifies that it has not engaged in any general solicitation within the meaning of Regulation D under the
Securities Act and the Transfer complies with the transfer restrictions applicable to Restricted Definitive Notes and the requirements of the exemption claimed, which certification is supported by (1) a certificate executed by the Transferee in
the form of 

  
 B-2 

 
Exhibit G to the Indenture and (2) if such Transfer is in respect of a principal amount of Notes at the time of transfer of less than $250,000, an Opinion of Counsel provided by the
Transferor or the Transferee (a copy of which the Transferor has attached to this certification), to the effect that such Transfer is in compliance with the Securities Act. Upon consummation of the proposed transfer in accordance with the terms of
the Indenture, the transferred Definitive Note will be subject to the restrictions on transfer enumerated in the Private Placement Legend printed on the Restricted Definitive Notes and in the Indenture and the Securities Act. 

 

	 	4.	 ☐ Check if Transferee will take delivery of an Unrestricted Definitive Note.

 (a) ☐ Check if Transfer is pursuant to Rule 144. (i) The Transfer is being effected
pursuant to and in accordance with Rule 144 under the Securities Act and in compliance with the transfer restrictions contained in the Indenture and any applicable blue sky securities laws of any state of the United States and (ii) the
restrictions on transfer contained in the Indenture and the Private Placement Legend are not required in order to maintain compliance with the Securities Act. Upon consummation of the proposed Transfer in accordance with the terms of the Indenture,
the transferred Definitive Note will no longer be subject to the restrictions on transfer enumerated in the Private Placement Legend printed on the Restricted Definitive Notes and in the Indenture. 

(b) ☐ Check if Transfer is Pursuant to Regulation S. (i) The Transfer is being effected pursuant to and in
accordance with Rule 903 or Rule 904 under the Securities Act and in compliance with the transfer restrictions contained in the Indenture and any applicable blue sky securities laws of any state of the United States and (ii) the restrictions on
transfer contained in the Indenture and the Private Placement Legend are not required in order to maintain compliance with the Securities Act. Upon consummation of the proposed Transfer in accordance with the terms of the Indenture, the transferred
Definitive Note will no longer be subject to the restrictions on transfer enumerated in the Private Placement Legend printed on the Restricted Definitive Notes and in the Indenture. 

(c) ☐ Check if Transfer is Pursuant to Other Exemption. (i) The Transfer is being effected pursuant to and in
compliance with an exemption from the registration requirements of the Securities Act other than Rule 144, Rule 903 or Rule 904 and in compliance with the transfer restrictions contained in the Indenture and any applicable blue sky securities laws
of any State of the United States and (ii) the restrictions on transfer contained in the Indenture and the Private Placement Legend are not required in order to maintain compliance with the Securities Act. Upon consummation of the proposed
Transfer in accordance with the terms of the Indenture, the transferred Definitive Note will not be subject to the restrictions on transfer enumerated in the Private Placement Legend printed on the Restricted Definitive Notes and in the Indenture.

 This certificate and the statements contained herein are made for your benefit and the benefit of the Company. 

  
 B-3 

 
			
	[Insert Name of Transferor]
		
	By:	 	 
	Name:	 	
	Title:	 	

 Dated: ___________________ 

  
 B-4 

 ANNEX A TO CERTIFICATE OF TRANSFER 

 

	 	1.	 The Transferor owns and proposes to transfer the following: 

[CHECK ONE)] 
  

	 	(a)	 ☐ a Restricted Definitive Note. 

 

	 	(b)	 ☐ an Unrestricted Definitive Note. 

 

	 	2.	 After the Transfer the Transferee will hold: 

[CHECK ONE] 
  

	 	(a)	 ☐ a Restricted Definitive Note; or 

 

	 	(b)	 ☐ an Unrestricted Definitive Note, 

in accordance with the terms of the Indenture. 

  
 B-5 

 EXHIBIT C 

FORM OF CERTIFICATE OF EXCHANGE 
 The Bank of New
York Mellon, as Trustee 
 500 Ross Street, 12th Floor 

Pittsburgh, PA 15262 
  

	cc:	 Cheniere Corpus Christi Holdings, LLC 

	  	 c/o Cheniere Energy, Inc. 

	  	 700 Milam Street, Suite 1900 

	  	 Houston, TX 77002 

Re: 3.52% Senior Secured Notes due December 31, 2039 issued by Cheniere Corpus Christi Holdings, LLC 

(PPN __________) 
 Reference is
hereby made to the Indenture, dated as of August 20, 2020 (the “Indenture”), among Cheniere Corpus Christi Holdings, LLC, as issuer (the “Company”), the Guarantors party thereto and The Bank of New York Mellon,
as trustee. Capitalized terms used but not defined herein shall have the meanings given to them in the Indenture. 
 _________________, (the
“Owner”) owns and proposes to exchange the Note[s] or interest in such Note[s] specified herein, in the principal amount of $___________ in such Note[s] or interests (the “Exchange”). In connection with the
Owner’s Exchange of a Restricted Definitive Note for an Unrestricted Definitive Note, the Owner hereby certifies (i) the Unrestricted Definitive Note is being acquired for the Owner’s own account without transfer, (ii) such
Exchange has been effected in compliance with the transfer restrictions applicable to Restricted Definitive Notes and pursuant to and in accordance with the Securities Act, (iii) the restrictions on transfer contained in the Indenture and the
Private Placement Legend are not required in order to maintain compliance with the Securities Act and (iv) the Unrestricted Definitive Note is being acquired in compliance with any applicable blue sky securities laws of any state of the United
States. 

  
 C-1 

 This certificate and the statements contained herein are made for your benefit and the
benefit of the Company. 
  

			
	        [Insert Name of Transferor]
		
	By:	 	
	 
	Name:
	Title:

 Dated: ____________ 

  
 C-2 

 EXHIBIT D 

[FORM OF] NOTATION OF GUARANTEE 

For value received, each Guarantor (which term includes any successor Person under the Indenture) has, jointly and severally, unconditionally
guaranteed, to the extent set forth in the Indenture and subject to the provisions in the Indenture, dated as of August 20, 2020 (the “Indenture”) among Cheniere Corpus Christi Holdings, LLC (the “Company”) the
Guarantors party thereto and The Bank of New York Mellon, as trustee (the “Trustee”) and the provisions of Section 11 of the Amended and Restated Common Security and Account Agreement (the “Common Security and Account
Agreement”), dated as of May 22, 2018 (as amended by the First Amendment, dated as of November 28, 2018 and the Second Amendment, dated as of August 30, 2019), among the Company, the Guarantors party thereto, each Senior
Creditor Group Representative, the Intercreditor Agent, the Security Trustee and the Account Bank (as such terms are defined therein), (a) the due and punctual payment of the principal of, premium and interest on, the Notes, whether at maturity, by
acceleration, redemption or otherwise, the due and punctual payment of interest on overdue principal of and interest on the Notes, if any, if lawful, and the due and punctual performance of all other obligations of the Company to the Holders or the
Trustee all in accordance with the terms of the Indenture and (b) in case of any extension of time of payment or renewal of any Notes or any of such other obligations, that the same will be promptly paid in full when due or performed in
accordance with the terms of the extension or renewal, whether at stated maturity, by acceleration or otherwise. The obligations of the Guarantors to the Holders of Notes and to the Trustee pursuant to the Note Guarantee and the Indenture are
expressly set forth in Article 11 of the Indenture and Section 11 of the Common Security and Account Agreement and reference is hereby made to the Indenture for the precise terms of the Note Guarantee. Each Holder of
a Note, by accepting the same, agrees to and shall be bound by such provisions. 
 Capitalized terms used but not defined herein have the
meanings given to them in the Indenture. 
  

			
	[NAME OF GUARANTOR(S)]
		
	By:	 	 
	Name:
	Title:

  
 D-1 

 EXHIBIT E 

[FORM OF SUPPLEMENTAL INDENTURE 

TO BE DELIVERED BY SUBSEQUENT GUARANTORS] 

SUPPLEMENTAL INDENTURE (this “Supplemental Indenture”), dated as of _________, 20__, among ___________ (the
“Guaranteeing Subsidiary”), a subsidiary of Cheniere Corpus Christi Holdings, LLC (or its permitted successor), a Delaware limited liability company (the “Company”), the Company, the other Guarantors (as defined in
the Indenture referred to herein) and The Bank of New York Mellon, as trustee under the Indenture referred to below (the “Trustee”). 

W I T N E S S E T H 
 WHEREAS,
the Company has heretofore executed and delivered to the Trustee an indenture (the “Indenture”), dated as of August 20, 2020 providing for the issuance of 3.52% Senior Secured Notes due December 31, 2039 (the
“Notes”); 
 WHEREAS, the Indenture provides that under certain circumstances the Guaranteeing Subsidiary shall execute and
deliver to the Trustee a supplemental indenture pursuant to which the Guaranteeing Subsidiary shall unconditionally guarantee all of the Company’s obligations under the Notes and the Indenture on the terms and conditions set forth herein (the
“Note Guarantee”); 
 WHEREAS, the Company has requested and hereby requests that the Trustee execute and deliver this
Supplemental Indenture, and all requirements necessary to make this Supplemental Indenture a valid instrument in accordance with its terms and the valid and legally binding obligations of the Company and the Guaranteeing Subsidiary, have been done
and performed, and the execution and delivery of this Supplemental Indenture have been duly authorized in all respects; and 
 WHEREAS,
pursuant to Section 9.01 of the Indenture, the Trustee is authorized to execute and deliver this Supplemental Indenture. 
 NOW,
THEREFORE, in consideration of the foregoing and for other good and valuable consideration, the receipt of which is hereby acknowledged, the Guaranteeing Subsidiary and the Trustee mutually covenant and agree for the equal and ratable benefit of the
Holders as follows: 
 1. CAPITALIZED TERMS. Capitalized terms used herein without definition shall have the
meanings assigned to them in the Indenture. 
 2. GUARANTEE. The Guaranteeing Subsidiary hereby provides an unconditional
Guarantee on the terms and subject to the conditions set forth in the Note Guarantee and in the Indenture including but not limited to Article 11 thereof and Section 11 of the Amended and Restated Common Security and Account Agreement dated as
of May 22, 2018 (as amended by the First Amendment, dated as of November 28, 2018 and the Second Amendment, dated as of August 30, 2019), among the Company, the Guarantors party thereto, each Senior Creditor Group Representative, the
Intercreditor Agent, the Security Trustee and the Account Bank (as such terms are defined therein). 

  
 E-1 

 3. NO RECOURSE AGAINST OTHERS.
No past, present or future director, officer, employee, incorporator, stockholder or agent of the Guaranteeing Subsidiary, as such, shall have any liability for any obligations of the Company or any Guaranteeing Subsidiary under the Notes, any Note
Guarantees, the Indenture or this Supplemental Indenture or for any claim based on, in respect of, or by reason of, such obligations or their creation. Each Holder of the Notes by accepting a Note waives and releases all such liability. The waiver
and release are part of the consideration for issuance of the Notes. 
 4. NEW YORK LAW TO GOVERN. THE LAW OF THE STATE OF NEW YORK SHALL
GOVERN AND BE USED TO CONSTRUE THIS SUPPLEMENTAL INDENTURE WITHOUT REGARD TO CONFLICTS OF LAWS PRINCIPLES THEREOF OTHER THAN SECTION 5-1401 OF THE NEW YORK GENERAL OBLIGATIONS LAW. 

5. COUNTERPARTS. The parties may sign any number of copies of this Supplemental Indenture. Each signed copy shall be an
original, but all of them together represent the same agreement. The exchange of copies of this Supplemental Indenture and of signature pages by facsimile or electronic format (i.e., “pdf” or “tif”) transmission shall constitute
effective execution and delivery of this Supplemental Indenture as to the parties hereto and may be used in lieu of the original Supplemental Indenture for all purposes. Signatures of the parties hereto transmitted by facsimile or electronic format
(i.e., “pdf” or “tif”) shall be deemed to be their original signatures for all purposes 
 6. Effect of Headings. The
Section headings herein are for convenience only and shall not affect the construction hereof. 
 7. THE
TRUSTEE. The Trustee shall not be responsible in any manner whatsoever for or in respect of the validity, adequacy or sufficiency of this Supplemental Indenture or for or in respect of the recitals and statements contained herein, all
of which recitals and statements are made solely by the Guaranteeing Subsidiary and the Company. 

  
 E-2 

 IN WITNESS WHEREOF, the parties hereto have caused this Supplemental Indenture to be duly
executed and attested, all as of the date first above written. 
 Dated: _____________, 20__ 

 

			
	[GUARANTEEING SUBSIDIARY]

 
			
		
	By:	 	 

 
			
	Name:	 	
	Title:	 	

  

			
	CHENIERE CORPUS CHRISTI HOLDINGS, LLC

 
			
		
	By:	 	 

 
			
	Name:	 	
	Title:	 	

  

			
	[EXISTING GUARANTORS]

 
			
		
	By:	 	 

 
			
	Name:	 	
	Title:	 	

  

			
	THE BANK OF NEW YORK MELLON
    as Trustee

 
			
		
	By:	 	 

 
			
		 	Authorized Signatory

  
 E-3 

 EXHIBIT F 

[RESERVED] 

  
 F-1 

 EXHIBIT G 

FORM OF CERTIFICATE FROM 
 ACQUIRING
INSTITUTIONAL ACCREDITED INVESTOR 
 The Bank of New York Mellon, as Trustee 

500 Ross Street, 12th Floor 
 Pittsburgh, PA 15262 

 

	cc:	 Cheniere Corpus Christi Holdings, LLC 

c/o Cheniere Energy, Inc. 
 700
Milam Street, Suite 1900 
 Houston, TX 77002 

Re: 3.52% Senior Secured Notes due December 31, 2039 issued by Cheniere Corpus Christi Holdings, LLC 

Reference is hereby made to the Indenture, dated as of August 20, 2020 (the “Indenture”), among Cheniere Corpus Christi
Holdings, LLC, as issuer (the “Company”), the guarantors party thereto and The Bank of New York Mellon, as trustee. Capitalized terms used but not defined herein shall have the meanings given to them in the Indenture. 

In connection with our proposed purchase of $ _______ aggregate principal amount of a Definitive Note, we confirm that: 

1. We understand that any subsequent transfer of the Notes or any interest therein is subject to certain restrictions and conditions set forth
in the Indenture and the undersigned agrees to be bound by, and not to resell, pledge or otherwise transfer the Notes or any interest therein except in compliance with, such restrictions and conditions and the Securities Act of 1933, as amended (the
“Securities Act”). 
 2. We understand that the offer and sale of the Notes have not been registered under the Securities
Act, and that the Notes and any interest therein may not be offered or sold except as permitted in the following sentence. We agree, on our own behalf and on behalf of any accounts for which we are acting as hereinafter stated, that if we should
sell the Notes or any interest therein, we will do so only (A) to the Company or any subsidiary thereof, (B) in accordance with Rule 144A under the Securities Act to a “qualified institutional buyer” (as defined therein), (C) to
an institutional “accredited investor” (as defined below) that, prior to such transfer, furnishes (or has furnished on its behalf by a U.S. broker-dealer) to you and to the Company a signed letter substantially in the form of this letter
and, if such transfer is in respect of a principal amount of Notes, at the time of transfer of less than $250,000, an Opinion of Counsel in form reasonably acceptable to the Company to the effect that such transfer is in compliance with the
Securities Act, (D) outside the United States in accordance with Rule 904 of Regulation S under the Securities Act, (E) pursuant to the provisions of Rule 144 under the Securities Act or (F) pursuant to an effective registration
statement under the Securities Act, and we further agree to provide to any Person purchasing the Definitive Note from us in a transaction meeting the requirements of clauses (A) through (E) of this paragraph a notice advising such purchaser
that resales thereof are restricted as stated herein. 

  
 G-1 

 3. We understand that, on any proposed resale of the Notes, we will be required to furnish
to you and the Company such certifications, legal opinions and other information as you and the Company may reasonably require to confirm that the proposed sale complies with the foregoing restrictions. We further understand that the Notes purchased
by us will bear a legend to the foregoing effect. 
 4. We are an institutional “accredited investor” (as defined in Rule
501(a)(1), (2), (3) or (7) of Regulation D under the Securities Act) and have such knowledge and experience in financial and business matters as to be capable of evaluating the merits and risks of our investment in the Notes, and we and any
accounts for which we are acting are each able to bear the economic risk of our or its investment. 
 5. We are acquiring the Notes
purchased by us for our own account or for one or more accounts (each of which is an institutional “accredited investor”) as to each of which we exercise sole investment discretion. 

You and the Company are entitled to rely upon this letter and are irrevocably authorized to produce this letter or a copy hereof to any
interested party in any administrative or legal proceedings or official inquiry with respect to the matters covered hereby. 
  

			
	[Insert Name of Accredited Investor]
	
	By:
		
	 	 	 
	Name:	 	
	Title:	 	

 Dated:____________ 

  
 G-2 

 EXHIBIT H 

[RESERVED] 

  
 H-3 

 Exhibit I 

FORM OF SUBORDINATION AGREEMENTS 

Exhibit I-1 Form of General Subordination Agreement 

This Subordination Agreement (“Subordination Agreement”) dated as of [•], among SOCIÉTÉ
GÉNÉRALE, as Security Trustee (the “Security Trustee”) under the Common Security and Account Agreement (as defined below), [Insert name of applicable Obligor], a [•] organized under the laws of [•]
(the “Subordinated Debtor”), and [any non-Obligor lender of Subordinated Debt] (the “Subordinated Creditor”). 

A. The [Obligor][Subordinated Debtor], [the Guarantors][the Subordinated Debtor and the other Guarantors], and The Bank of New York Mellon as
Trustee, have entered into the Indenture, dated as of August 20, 2020 (as amended, amended and restated, supplemented or otherwise modified from time to time, the “Indenture”). 

B. The [Obligor][Subordinated Debtor], [the Guarantors][the Subordinated Debtor and the other Guarantors], the Initial Senior Creditor Group
Representatives, Société Générale as Intercreditor Agent, Société Générale as Security Trustee and Mizuho Bank, Ltd., as Account Bank, have entered into the Amended and Restated Common Security
and Account Agreement, dated as of May 22, 2018 (as amended by the First Amendment, dated as of November 28, 2018, the Second Amendment, dated as of August 30, 2019 and as further amended, amended and restated, supplemented or
otherwise modified from time to time, the “Common Security and Account Agreement”). 
 C. Pursuant to the terms of the
Indenture [any Indebtedness] [the Indebtedness listed in Schedule A (Subordinated Debt) hereto] of the Subordinated Debtor to the Subordinated Creditor held by the Subordinated Creditor is required to be subordinated in right of payment
to the irrevocable and unconditional payment or discharge in full of the Senior Debt Obligations and termination or expiration of any Senior Debt Commitments (the “Discharge of the Senior Debt Obligations”), pursuant to and on the
terms set forth in this Subordination Agreement. 
 Accordingly, in consideration of the foregoing, the mutual covenants and obligations
herein set forth and for other good and valuable consideration, the sufficiency and receipt of which are hereby acknowledged, the parties hereto, intending to be legally bound, hereby agree as follows: 

Section 1 General 

(a) In this Subordination Agreement and the Schedules hereto, except as otherwise expressly set forth herein, capitalized terms shall have the
meanings assigned to them in the Indenture, or, if such terms are not defined in the Indenture, in Section 1.3 of Schedule A (Common Definitions and Rules of Interpretation) of the Common Security and Account Agreement.1 
  

	1 	 If the Subordinated Creditor is not otherwise party to a Senior Debt Instrument that incorporates the
Indenture, upon request by the Subordinated Creditor, appropriate changes will be made to this Subordination Agreement by adding definitions and rules of interpretation from the Finance Documents. 

  
 I-1-1 

 (b) In this Subordination Agreement and the Schedules hereto, except as otherwise expressly
provided herein, the interpretation provisions contained in the Indenture shall apply. 
 (c) This Subordination Agreement applies to any
and all Subordinated Debt described in the definition thereof. 
 Section 2 Subordination 

2.1 General 
 (a) Payment
of the principal of and interest (and all premiums and other amounts payable on or in respect thereof) on Subordinated Debt shall be subordinate and subject in right of payment to the Discharge of the Senior Debt Obligations. The Subordinated
Creditor agrees that it will not ask, demand, sue for, take or receive from the Subordinated Debtor, by set-off or in any other manner, or retain payment (in whole or in part) of any Subordinated Debt, or any
security therefor, other than Restricted Payments (or payment made from the proceeds of Restricted Payments) permitted under the applicable Senior Debt Instruments (without regard to the second sentence of the definition thereof), payments
representing the capitalization or payment-in-kind of interest or the payments described in clause (b) below, unless and until the Discharge of the Senior Debt
Obligations; provided that the Subordinated Creditor may accelerate, make demand for or otherwise make due and payable prior to the original due date thereof the Subordinated Debt only in order to file, or in connection with the filing of, a
proof of claim or other instrument of similar character with respect to the Subordinated Debt. The Subordinated Creditor directs the Subordinated Debtor to make, and the Subordinated Debtor agrees to make, payments to the Security Trustee for
application to the Senior Debt Obligations until the Discharge of the Senior Debt Obligations. 
 (b) Notwithstanding anything to the
contrary in this Subordination Agreement, the Subordinated Debtor shall be permitted to pay any Indebtedness of the Subordinated Debtor permitted to be paid pursuant to Section 4.13 of the Indenture and to make each of the payments contemplated
by Section 4.06 of the Indenture and by the second sentence of the definition of “Restricted Payments” (and any comparable provision of any other Senior Debt Instrument then in effect) in each case, as, when and to the extent
permitted under the Finance Documents (other than this Subordination Agreement). 

  
 I-1-2 

 2.2 Payment Upon Dissolution, Etc. 

In the event of Bankruptcy, the Secured Parties shall be entitled to receive indefeasible payment in full of all amounts due or to become due
on or in respect of all Senior Debt Obligations under the Indenture, the Senior Debt Instruments, the Common Security and Account Agreement or other Finance Documents before the Subordinated Creditor shall be entitled to receive any payment on
account of any Subordinated Debt (whether in respect of principal, interest, premiums, fees, indemnities, commissions or otherwise) and to that end, any payment or distribution of any kind or character, whether in cash, property or securities which
may be payable or deliverable in respect of such Subordinated Debt from the sale of all or substantially all of the assets of the Subordinated Debtor, or otherwise in any Bankruptcy Proceeding or other winding up of the Subordinated Debtor, that is
not delivered directly to the Security Trustee in accordance with Section 2.1(a) (General) hereof, shall in each case instead be held in trust by the Subordinated Creditor for the benefit of, and paid or delivered to the Security
Trustee, in each case without set-off or counterclaim, for application to Senior Debt Obligations, whether or not due, until the Discharge of the Senior Debt Obligations. If for any reason the trust fails or
vests in the Subordinated Creditor, the Subordinated Creditor shall promptly pay to the Security Trustee an amount equal to the amount which would otherwise have been held in trust (or its value if not cash). 

2.3 No Payment When Senior Debt in Default 

In the event and during the Continuation of an Event of Default, unless and until such Event of Default shall have been remedied or waived, no
payment (including any Restricted Payment) shall be made by the Subordinated Debtor on or in respect of any Subordinated Debt, except for the payments described in Section 2.1(b) (General) above. 

2.4 Proceeding Against the Subordinated Debtor; No Collateral 

Whether or not any default in payment shall exist under any Senior Debt Instrument, the Subordinated Creditor shall not, without the prior
written consent of the Security Trustee (a) commence any proceeding against the Subordinated Debtor with respect to Subordinated Debt, (b) take any collateral security for any Subordinated Debt or (c) join with any creditor (unless
Senior Creditors consent and shall so join) in bringing any Bankruptcy Proceeding against the Subordinated Debtor, or take possession of, sell or dispose of any Collateral, or exercise or enforce any right or remedy available to the Subordinated
Creditors with respect to any such Collateral, unless and until the Discharge of the Senior Debt Obligations and the related release by the Senior Creditors of their Liens on the Collateral in accordance with the Finance Documents; provided
that the Subordinated Creditor may (i) file all claims or proofs of claim necessary to enforce the obligations of the Subordinated Debtor in respect of any Subordinated Debt, (ii) file any necessary responsive or defensive pleadings in
opposition to any motion, claim, adversary proceeding or other pleading made by any person objecting to or otherwise seeking the disallowance of its claims in respect of the Subordinated Debt and (iii) exercise rights and remedies as an
unsecured creditor against the Subordinated Debtor in accordance with the terms of any Subordinated Debt and applicable law, in each case to the extent such action is not inconsistent with, and could not result in a resolution inconsistent with, the
terms of this Subordination Agreement. 

  
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 2.5 Payment to Security Trustee of Certain Amounts Received by Subordinated Creditor

 In the event that the Subordinated Creditor receives on account or in respect of any Subordinated Debt any distribution of assets by the
Subordinated Debtor or payment by or on behalf of the Subordinated Debtor of any kind or character, whether in cash, securities or other property, other than as permitted under this Agreement, the Subordinated Creditor shall hold, or shall cause to
be held, in trust (as property of the Security Trustee) for the benefit of the Secured Parties, and immediately upon receipt thereof, shall pay over or deliver to the Security Trustee such distribution or payment in precisely the form received
(except for the endorsement or assignment by the Subordinated Creditor where necessary) for application in accordance with the applicable Senior Debt Instrument and the Common Security and Account Agreement. In the event of failure of the
Subordinated Creditor to make any such endorsement or assignment, the Security Trustee irrevocably is authorized and empowered by and on behalf of the Subordinated Creditor to make the same. 

2.6 Authorizations to Secured Parties 

The Subordinated Creditor (a) irrevocably authorizes and empowers (without imposing any obligation or duty on) the Security Trustee as
the attorney-in-fact for the Subordinated Creditor (which appointment is coupled with an interest) to demand, sue for, collect, receive and acknowledge receipt for all
payments and distributions on or in respect of its Subordinated Debt which are required to be paid or delivered to the Security Trustee, as provided herein, and to file and prove all claims therefor and take all such other action, in the name of the
Subordinated Creditor or otherwise, as the Security Trustee may determine to be necessary or appropriate for the enforcement of these subordination provisions, all in accordance with the Common Security and Account Agreement and the Senior Debt
Instruments, (b) irrevocably authorizes and empowers (without imposing any obligation or duty on) the Security Trustee to vote its Subordinated Debt (including voting the Subordinated Debt in favor of, or in opposition to, any matter which may
come before any meeting of creditors of the Subordinated Debtor generally or in connection with, or in anticipation of, any Bankruptcy Proceeding relative to the Subordinated Debtor) in accordance with the Common Security and Account Agreement and
the Senior Debt Instruments and (c) agrees to execute and deliver to the Security Trustee all such further instruments confirming the above authorization, and all such powers of attorney, proofs of claim, assignments of claim and other
instruments, and to take all such other action, as may be requested by the Security Trustee in order to enable the Security Trustee to enforce all claims upon or in respect of the Subordinated Debt in accordance with, and subject to, the terms
hereof and applicable laws. 
 2.7 Subrogation 

Notwithstanding any payment or payments made by the Subordinated Creditor or the Subordinated Debtor or the exercise by the Security Trustee
of any of the remedies provided under this Subordination Agreement, the Subordinated Creditor hereby waives any and all rights of subrogation, contribution, reimbursement, indemnity or otherwise it may now have or hereafter acquire as a result of
the existence or performance of its obligations hereunder until the Discharge Date of the Senior Debt Obligations, and all such Subordinated Debt shall be subordinated 

  
 I-1-4 

 
pursuant to the terms hereof. If any amount shall, in contravention with the foregoing, be paid to the Subordinated Creditor on account of (i) subrogation, contribution, reimbursement,
indemnity or similar right, or (ii) the Subordinated Obligations, then the Subordinated Creditor agrees to act in accordance with Section 2.5 (Payment to Security Trustee of Certain Amounts Received by Subordinated Creditor) hereof.

 2.8 Termination 

Upon the payment or discharge in full in US Dollars of all obligations under this Agreement, then, subject to reinstatement as provided below,
this Agreement shall terminate and the Subordinated Creditor shall, at the expense of the Company, execute and deliver a termination statement. 

This Agreement shall continue to be effective or be reinstated, as the case may be, if (and only to the extent that) any payment or
performance of the obligations of the Subordinated Debtor hereunder is rescinded, avoided, voidable, liable to be set aside, reduced or otherwise not properly payable to, or must otherwise be returned or restored by the Subordinated Creditor as a
result of (i) Bankruptcy, insolvency, reorganization with respect to the Subordinated Debtor or the Subordinated Creditor, (ii) upon dissolution of, or appointment of any intervenor, conservator, trustee or similar official for the
Subordinated Debtor or the Subordinated Creditor or for any substantial part of the Subordinated Debtor’s or Subordinated Creditor’s assets, (iii) as a result of any settlement or compromise with any Person (including the Subordinated
Creditor) in respect of such payment or otherwise, or (iv) any similar event or otherwise and, in such case, the provisions of Section 10.1 (Nature of Obligations) of the Common Security and Account Agreement shall apply hereto
mutatis mutandis. 
 2.9 Transfers 

The Subordinated Debt may not be transferred, assigned or encumbered by the Subordinated Creditor in any manner prohibited by a Finance
Document. The Subordinated Creditor shall not make any transfer or assignment of all or any part of its interest in any Subordinated Debt unless the proposed transferee or assignee shall have first delivered to the Security Trustee, as a condition
to any such purported transfer or assignment, an agreement in writing, in form and substance satisfactory to the Security Trustee, acting reasonably, pursuant to which such proposed transferee or assignee agrees to be bound by, and accepts each of
the terms and conditions contained in, this Subordination Agreement or unless such proposed transferee or assignee shall have first delivered to the Security Trustee, an executed subordination agreement in the form attached to the Indenture with
respect to such Subordinated Debt. 
 2.10 Ranking 

All Subordinated Debt shall be unsecured and shall rank junior to the Senior Debt Obligations. 

  
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 Section 3 Miscellaneous 

3.1 Notices 
 All
notices, requests and demands to or upon the Security Trustee or the Subordinated Debtor hereunder shall be effected in the manner provided in Section 12.7 (Notices) of the Common Security and Account Agreement. 

All notices, requests and demands to or upon the Subordinated Creditor shall be effected in the manner provided in Section 13.02 of the
Indenture to: 
 [•] 

3.2 Severability 
 Any
term or provision of this Subordination Agreement or the application thereof to any circumstance that is illegal, invalid, prohibited or unenforceable (to any extent) in any jurisdiction shall, as to such jurisdiction, be ineffective to the extent
of such illegality, invalidity, prohibition or unenforceability, without invalidating or rendering unenforceable the remaining terms or provisions hereof or the application of such term or provision to circumstances other than those to which it is
held illegal, invalid, prohibited or unenforceable. Any such illegality, invalidity, prohibition or unenforceability in any jurisdiction shall not invalidate or render unenforceable such term or provision in any other jurisdiction and the parties
hereto shall enter into good faith negotiations to replace the invalid, illegal, prohibited, or unenforceable term or provision with a view to obtaining the same commercial effect as this Subordination Agreement would have had if such term or
provision had been legal, valid and enforceable. To the extent permitted by applicable laws, the parties hereto waive any provision of law that renders any term or provision of this Subordination Agreement illegal, invalid, prohibited or
unenforceable in any respect. 
 3.3 Entire Agreement 

This Subordination Agreement (including Schedules), the Security Documents and the other Finance Documents (together with any other agreements
or documents referred to or incorporated by reference therein) constitute the entire agreement and understanding, and supersede all prior agreements and understandings (both written and oral), between or among any of the parties hereto relating to
the transactions contemplated hereby or thereby. 
 3.4 No Waiver; Modification to Senior Debt 

No failure on the part of the Secured Parties, and no delay in exercising any right, remedy or power under this Subordination Agreement shall
operate as a waiver thereof by the Secured Parties, nor shall any single or partial exercise of any right, remedy or power under this Subordination Agreement preclude any other or future exercise by the Secured Parties of any other right, remedy or
power. Each and every right, remedy and power granted to the Secured Parties, or allowed the Secured Parties by law or other agreement shall be cumulative and not exclusive, and may be exercised by the Secured Parties from time to time. Without in
any way limiting the generality of the foregoing, at any time, without the consent of or notice to the Subordinated Creditor, without incurring responsibility or liability to the Subordinated Creditor and without

  
 I-1-6 

 
impairing or releasing the subordination provided by, or the obligations of the Subordinated Creditor under, this Subordination Agreement, the Senior Creditor may do any one or more of the
following: (a) change the manner, place or terms of payment of, or extend the time of payment of, or renew or alter, Senior Debt Obligations or any collateral security or guaranty thereof, or otherwise amend or supplement in any manner Senior
Debt Obligations or the Finance Documents; (b) sell, exchange, release or otherwise deal with any property pledged, mortgaged or otherwise securing Senior Debt Obligations; (c) release any Person liable in any manner for the Senior Debt
Obligations; and (d) exercise or refrain from exercising any rights against the Subordinated Debtor and any other Person. The Subordinated Creditor unconditionally waives notice of the incurring of Senior Debt Obligations or any part thereof.

 3.5 Benefit of Subordination Provisions 

Nothing contained herein shall: 

(a) impair, as among the Subordinated Debtor, its creditors other than the Secured Parties and the Subordinated Creditor, the obligation of
the Subordinated Debtor, which is absolute and unconditional (and which, subject to the rights of the Secured Parties under this Subordination Agreement, is intended to rank equally with all other unsecured obligations of the Subordinated Debtor),
to pay the principal of and interest on the Subordinated Debt as and when the same shall become due and payable in accordance with the terms thereof; or 

(b) affect the relative rights against the Subordinated Debtor of the Subordinated Creditor and creditors of the Subordinated Debtor other
than the Secured Parties. 
 3.6 Conflict in Agreements 

If the subordination provisions of any instrument evidencing Subordinated Debt conflict with the terms of this Subordination Agreement, this
Subordination Agreement shall govern the relationship between Senior Creditors and Subordinated Creditor. For the avoidance of doubt, any subordination provisions with respect to the Subordinated Debt set forth in any Senior Debt Instrument shall be
applicable to such Subordinated Debt in addition to that set forth in this Subordination Agreement. 
 3.7 Further Assurances 

The Subordinated Creditor, at its own cost, shall take any further action as the Secured Parties may reasonably request in order to carry out
more fully the intent and purpose of this Subordination Agreement. Without limitation of the foregoing, the Subordinated Debtor and the Subordinated Creditor shall ensure that each and every note or other instrument evidencing any Subordinated Debt
shall carry on its face a statement that such Subordinated Debt is subject to the terms and conditions of this Subordination Agreement. Failure by the Subordinated Debtor and the Subordinated Creditor to comply with the requirement under this
Section 3.7 shall in no way diminish the obligations and duties of the Subordinated Creditor hereunder nor the rights and privileges of the Secured Parties under this Agreement. 

  
 I-1-7 

 3.8 Execution in Counterparts 

This Subordination Agreement may be executed in any number of counterparts and by the different parties hereto on separate counterparts, each
of which when so executed and delivered shall be an original, but all the counterparts shall together constitute one and the same instrument. Delivery of an executed counterpart of a signature page of this Subordination Agreement by facsimile or in
electronic format (e.g., “pdf” or “tif”) shall be effective as delivery of a manually executed counterpart of this Subordination Agreement. 

3.9 GOVERNING LAW 
 THIS
SUBORDINATION AGREEMENT SHALL BE GOVERNED BY AND CONSTRUED IN ACCORDANCE WITH THE LAWS OF THE STATE OF NEW YORK, WITHOUT REGARD TO CONFLICTS OF LAWS PRINCIPLES THEREOF THAT WOULD RESULT IN THE APPLICATION OF THE LAWS OF ANY OTHER JURISDICTION. 

3.10 WAIVER OF JURY TRIAL 

THE PARTIES TO THIS SUBORDINATION AGREEMENT WAIVE ANY RIGHT TO TRIAL BY JURY IN ANY ACTION OR PROCEEDING BASED ON, OR PERTAINING TO, THE
SUBORDINATION AGREEMENT. 
 3.11 Consent to Jurisdiction and Service of Process 

(a) Each party: 
 (i) hereby
irrevocably consents and agrees for the benefit of the Secured Parties that the federal or state courts in the Borough of Manhattan, The City of New York in the State of New York shall have jurisdiction over any legal action, suit or proceeding
against it with respect to its obligations, liabilities or any other matter under or arising out of or in connection with this Subordination Agreement; 

(ii) irrevocably waives any objection it may now or hereafter have to the laying of venue of any action or proceeding in any such court and
any claim it may now or hereafter have that any action or proceeding has been brought in an inconvenient forum; and 
 (iii) irrevocably
consents and agrees that the submission to the jurisdiction of the federal or state courts in the Borough of Manhattan, The City of New York in the State of New York shall not limit the rights of the Senior Creditor Group Representatives (on behalf
of the Senior Creditors) to bring any action or proceeding in any other court of competent jurisdiction nor shall the bringing of any action or the taking of any proceedings in any other jurisdiction (whether concurrently or not) limit such rights,
in each case, to the extent permitted by applicable law. 

  
 I-1-8 

 (b) Without prejudice to any other mode of service allowed under any relevant law, the
Subordinated Creditor: 
 (i) agrees that failure by a process agent to notify it of the process will not invalidate the proceedings
concerned; 
 (ii) shall maintain a duly appointed and authorized agent for service of process in relation to any proceedings before the
federal or state courts in the Borough of Manhattan, The City of New York in the State of New York in connection with this Agreement and shall keep the Security Trustee advised of the identity and location of such agent; and 

(iii) hereby irrevocably authorizes the Security Trustee to appoint an agent for service of process on its behalf should it at any time fail
to maintain in full force and effect a process agent in accordance with this Section 3.11, and the Security Trustee shall promptly notify it of any such appointment. 

3.12 Amendment 
 (a) This
Subordination Agreement may not be amended or modified without the prior written consent of the Security Trustee except as may be permitted under the Finance Documents. 

(b) The consent contemplated in clause (a) above of this Section 3.12 shall not be required for a successor Security Trustee to
accede to this Subordination Agreement in accordance with Section 8.7(f) (Resignation, Removal and Replacement of Security Trustee) of the Common Security and Account Agreement. 

3.13 Successors and Assigns 

This Subordination Agreement shall be binding and inure to the benefit of the Subordinated Creditor, the Secured Parties and their respective
successors and permitted assigns irrespective of whether this Subordination Agreement or any similar agreement is executed by any other creditor of the Subordinated Debtor. To the extent permitted by law, notice of acceptance by Senior Creditors of
this Subordination Agreement or of reliance by Senior Creditors upon this Subordination Agreement is hereby waived by the Subordinated Creditor. This Subordination Agreement is made by the Subordinated Creditor in its capacity as Subordinated
Creditor and only in respect of its rights and obligations as Subordinated Creditor and shall not affect any other rights the Subordinated Creditor may have in respect of the Subordinated Debtor, which do not relate to its capacity as Subordinated
Creditor to the Senior Creditors under this Subordination Agreement. 
 3.14 Survival of Obligations 

The provisions of Section 3.9 (GOVERNING LAW), Section 3.10 (WAIVER OF JURY TRIAL) and Section 3.11 (Consent
to Jurisdiction and Service of Process) shall survive the termination of this Subordination Agreement. 

  
 I-1-9 

 3.15 Effectiveness in Bankruptcy Proceedings. 

This Subordination Agreement, which the parties hereto expressly acknowledge is a “subordination agreement” under
Section 510(a) of the Bankruptcy Code, shall be effective before, during and after the commencement of a Bankruptcy Proceeding. 

[The rest of the page intentionally left blank] 

  
 I-1-10 

 IN WITNESS WHEREOF, the parties hereto have executed this Subordination Agreement as of the date first above
written. 
  

			
	[•], as the Subordinated Debtor
		
	By:	 	 
		 	Name:
		 	Title:

  

			
	[•], as Subordinated Creditor
		
	By:	 	 
		 	Name:
		 	Title:

  

			
	SOCIÉTÉ GÉNÉRALE, as the Security Trustee
		
	By:	 	 
		 	Name:
		 	Title:

  
 I-1-11 

 Exhibit I-2 Form of Obligor Subordination
Agreement 
 This Obligor Subordination Agreement (“Obligor Subordination Agreement”) is dated as of [insert
date], among SOCIÉTÉ GÉNÉRALE, as Security Trustee (the “Security Trustee”) under the Common Security and Account Agreement (as defined below) and Cheniere Corpus Christi Holdings, LLC (the
“Company”), Corpus Christi Liquefaction, LLC (“CCL”), Cheniere Corpus Christi Pipeline, L.P. (“CCP”) and Corpus Christi Pipeline GP, LLC (“CCP GP”) (each of CCL, CCP and CCP GP the
“Original Guarantors”). 
 A. The [Obligor][Subordinated Debtor], [the Guarantors][the Subordinated Debtor and the other
Guarantors], and The Bank of New York Mellon as Trustee, have entered into the Indenture, dated as of August 20, 2020 (as amended, amended and restated, supplemented or otherwise modified from time to time, the “Indenture”).

 B. The Company, the Original Guarantors, the Initial Senior Creditor Group Representatives, Société Générale
as Intercreditor Agent, Société Générale as Security Trustee and Mizuho Bank, Ltd., as Account Bank, have entered into the Amended and Restated Common Security and Account Agreement, dated as of May 22, 2018 (as
amended by the First Amendment, dated as of November 28, 2018, the Second Amendment, dated as of August 30, 2019 and as further amended, amended and restated, supplemented or otherwise modified from time to time, the “Common
Security and Account Agreement”). 
 C. Pursuant to the terms of the Indenture, any Indebtedness that may from time to time be owed
to any Obligor (the “Subordinated Creditor”) by any other Obligor (the “Subordinated Debtor”) (hereinafter the “Obligor Subordinated Debt”) is required to be subordinated in right of payment to the
irrevocable and unconditional payment or discharge in full of the Senior Debt Obligations and termination or expiration of any Senior Debt Commitments (the “Discharge of the Senior Debt Obligations”), pursuant to and on the terms
set forth in this Obligor Subordination Agreement. 
 Accordingly, in consideration of the foregoing, the mutual covenants and obligations
herein set forth and for other good and valuable consideration, the sufficiency and receipt of which are hereby acknowledged, the parties hereto, intending to be legally bound, hereby agree as follows: 

Section 1 General 

(a) In this Obligor Subordination Agreement and the Schedules hereto, except as otherwise expressly set forth herein, capitalized terms shall
have the meanings assigned to them in Section 1.3 of Schedule A (Common Definitions and Rules of Interpretation) of the Common Security and Account Agreement. 

  
 I-2-1 

 (b) In this Subordination Agreement and the Schedules hereto, except as otherwise expressly
provided, the interpretation provisions contained in the Indenture shall apply.2 
 (c)
This Obligor Subordination Agreement applies to any and all Obligor Subordinated Debt described in the definition thereof, which shall include any subrogation or other right any Guarantor may have against the Borrower as a result of its guarantee of
Senior Debt Obligations pursuant to Article 11 (Guarantees) of the Common Security and Account Agreement. 
 Section 2
Subordination 
 2.1 General 

(a) Payment of the principal of and interest (and all premiums and other amounts payable on or in respect thereof) on Obligor Subordinated
Debt shall be subject and subordinate in right of payment and exercise of remedies, to the extent and in the manner set forth herein, to the Discharge of Senior Debt Obligations. 

(b) Unless and until (i) a Security Enforcement Action has commenced and is Continuing and the Security Trustee provides written notice
to the Borrower requesting the cessation thereof or (ii) an Event of Default described in Section 6.01(c)(1) or other Bankruptcy-based Event of Default relating to the Obligors described in any other Senior Debt Instrument has occurred and
is Continuing, any Subordinated Debtor may make, and any Subordinated Creditor shall be entitled to accept and receive, Obligor Subordinated Debt payments to the extent not prohibited under the Finance Documents (excluding this Obligor Subordination
Agreement). 
 (c) Following the occurrence of the events contemplated in clause (b)(i) or (ii) above: (i) the Subordinated Creditor
may accelerate, make demand for or otherwise make due and payable prior to the original due date thereof the Obligor Subordinated Debt only in order to file or in connection with filing of, or proof of claim or other instrument of similar character
with respect to, the Obligor Subordinated Debt and (ii) the Subordinated Creditor directs the Subordinated Debtor to make, and the Subordinated Debtor agrees to make, payment to the Security Trustee for application to the Senior Debt
Obligations until the Discharge of the Senior Debt Obligations. Notwithstanding anything to the contrary in this Obligor Subordination Agreement, including following the occurrence and Continuance of any of the events described in clause (b)(i) and
(b)(ii), in each case to the extent not prohibited under the Finance Documents or by the terms of any Security Enforcement Action (as notified by the Security Trustee to the Company), the Subordinated Debtor shall be permitted to make Obligor
Subordinated Debt payments to permit any Subordinated Creditor to pay any Indebtedness of the Subordinated Debtor permitted to be paid pursuant to Section 4.13 of the Indenture and to make each of the payments contemplated by Section 4.06
of the Indenture and by the second sentence of the definition of “Restricted Payments” and any other payments from a Subordinated Debtor to a Subordinated Creditor under any Material Project Agreement, under the CCP Pipeline Precedent
Agreement or other payments in respect of the Corpus Christi Pipeline. 
  

 

	2 	 If the Subordinated Creditor is not otherwise party to a Senior Debt Instrument that incorporates the
Indenture, upon request by the Subordinated Creditor, appropriate changes will be made to this Subordination Agreement by adding definitions and rules of interpretation from the Finance Documents. 

  
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 2.2 Payment Upon Dissolution, Etc. 

In the event of Bankruptcy, the Secured Parties shall be entitled to receive indefeasible payment in full of all amounts due or to become due
on or in respect of all Senior Debt Obligations under the Senior Debt Instruments, the Common Security and Account Agreement or other Finance Documents before the Subordinated Creditor shall be entitled to receive any payment on account of any
Obligor Subordinated Debt (whether in respect of principal, interest, premiums, fees, indemnities, commissions or otherwise) and to that end, any payment or distribution of any kind or character, whether in cash, property or securities which may be
payable or deliverable in respect of such Obligor Subordinated Debt from the sale of all or substantially all of the assets of the Subordinated Debtor, or otherwise in any Bankruptcy Proceeding or other winding up of the Subordinated Debtor, that is
not delivered directly to the Security Trustee in accordance with Section 2.1(a) (General) hereof, shall in each case instead be held in trust by the Subordinated Creditor for the benefit of, and paid or delivered to the Security
Trustee, in each case without set-off or counterclaim, for application to Senior Debt Obligations, whether or not due, until the Discharge of the Senior Debt Obligations. If for any reason the trust fails or
vests in the Subordinated Creditor, the Subordinated Creditor shall promptly pay to the Security Trustee an amount equal to the amount which would otherwise have been held in trust (or its value if not cash). 

2.3 No Payment When Senior Debt in Default 

In the event and during the Continuation of an Event of Default, unless and until such Event of Default shall have been remedied or waived, no
payment shall be made by the Subordinated Debtor on or in respect of any Obligor Subordinated Debt, except for the payments described in Section 2.1(b) and (c) (General) above to the extent such payments described therein are permitted
thereunder. 
 2.4 Proceeding Against the Subordinated Debtor; No Collateral 

Whether or not any default in payment shall exist under any Senior Debt Instrument, the Subordinated Creditor shall not, without the prior
written consent of the Security Trustee (a) commence any proceeding against the Subordinated Debtor, as applicable, with respect to Obligor Subordinated Debt, (b) take any collateral security for any Obligor Subordinated Debt or
(c) join with any creditor (unless Senior Creditors and the Security Trustee consent) in bringing any Bankruptcy Proceeding against the Subordinated Debtor, or take possession of, sell or dispose of any Collateral, or exercise or enforce any
right or remedy available to the Subordinated Creditors with respect to any such Collateral, unless and until the Discharge of the Senior Debt Obligations and the related release by the Senior Creditors of their Liens on the Collateral in accordance
with the Finance Documents; provided that the Subordinated Creditor may (i) file all claims or proofs of claim necessary to enforce the obligations of the Subordinated Debtor in respect of any Obligor Subordinated Debt, (ii) file
any necessary responsive or defensive pleadings in opposition to any motion, claim, adversary proceeding or other pleading made by any person objecting to or otherwise seeking the disallowance of its claims in respect of the Obligor

  
 I-2-3 

 
Subordinated Debt and (iii) exercise rights and remedies as an unsecured creditor against the Subordinated Debtor in accordance with the terms of any Obligor Subordinated Debt and applicable
law, in each case solely to the extent such action is not inconsistent with, and could not result in a resolution inconsistent with, the terms of this Obligor Subordination Agreement and the Finance Documents. 

2.5 Payment to Security Trustee of Certain Amounts Received by Subordinated Creditor 

In the event that the Subordinated Creditor receives on account or in respect of any Obligor Subordinated Debt any distribution of assets by
the Subordinated Debtor or payment by or on behalf of the Subordinated Debtor of any kind or character, whether in cash, securities or other property, other than as permitted under this Agreement, the Subordinated Creditor shall hold, or shall cause
to be held, in trust (as property of the Security Trustee) for the benefit of the Secured Parties, and immediately upon receipt thereof, shall pay over or deliver to the Security Trustee such distribution or payment in precisely the form received
(except for the endorsement or assignment by the Subordinated Creditor where necessary) for application in accordance with the applicable Senior Debt Instrument and the Common Security and Account Agreement. In the event of failure of the
Subordinated Creditor to make any such endorsement or assignment, the Security Trustee irrevocably is authorized and empowered by and on behalf of the Subordinated Creditor to make the same. 

2.6 Authorizations to Secured Parties 

The Subordinated Creditor (a) irrevocably authorizes and empowers (without imposing any obligation or duty on) the Security Trustee as
the attorney-in-fact for the Subordinated Creditor (which appointment is coupled with an interest) to demand, sue for, collect, receive and acknowledge receipt for all
payments and distributions on or in respect of its Obligor Subordinated Debt which are required to be paid or delivered to the Security Trustee, as provided herein, and to file and prove all claims therefor and take all such other action, in the
name of the Subordinated Creditor or otherwise, as the Security Trustee may determine to be necessary or appropriate for the enforcement of these subordination provisions, all in accordance with the Common Security and Account Agreement and the
Senior Debt Instruments, (b) irrevocably authorizes and empowers (without imposing any obligation or duty on) the Security Trustee to vote its Obligor Subordinated Debt (including voting the Obligor Subordinated Debt in favor of, or in
opposition to, any matter which may come before any meeting of creditors of the Subordinated Debtor generally or in connection with, or in anticipation of, any Bankruptcy Proceeding relative to the Subordinated Debtor) in accordance with the Common
Security and Account Agreement and the Senior Debt Instruments and (c) agrees to execute and deliver to the Security Trustee all such further instruments confirming the above authorization, and all such powers of attorney, proofs of claim,
assignments of claim and other instruments, and to take all such other action, as may be requested by the Security Trustee in order to enable the Security Trustee to enforce all claims upon or in respect of the Obligor Subordinated Debt in
accordance with, and subject to, the terms hereof and applicable laws. 

  
 I-2-4 

 2.7 Subrogation 

Notwithstanding any payment or payments made by the Subordinated Creditor or the Subordinated Debtor or the exercise by the Security Trustee
of any of the remedies provided under this Subordination Agreement, the Subordinated Creditor hereby waives any and all rights of subrogation, contribution, reimbursement, indemnity or otherwise it may now have or hereafter acquire as a result of
the existence or performance of its obligations hereunder until the Discharge Date of the Senior Debt Obligations, and all such Obligor Subordinated Debt shall be subordinated pursuant to the terms hereof. If any amount shall, in contravention of
the foregoing, be paid to the Subordinated Creditor on account of (i) subrogation, contribution, reimbursement, indemnity or similar right, or (ii) the Subordinated Obligations, then the Subordinated Creditor agrees to act in accordance
with Section 2.5 (Payment to Security Trustee of Certain Amounts Received by Subordinated Creditor) hereof. 
 2.8
Termination 
 Upon the payment or discharge in full in US Dollars of all obligations under this Agreement, then, subject to
reinstatement as provided below, this Agreement shall terminate and the Subordinated Creditor shall, at the expense of the Company, execute and deliver a termination statement. 

This Agreement shall continue to be effective or be reinstated, as the case may be, if (and only to the extent that) any payment or
performance of the obligations of the Subordinated Debtor hereunder is rescinded, avoided, voidable, liable to be set aside, reduced or otherwise not properly payable to, or must otherwise be returned or restored by the Subordinated Creditor as a
result of (i) Bankruptcy, insolvency, reorganization with respect to the Subordinated Debtor or the Subordinated Creditor, (ii) upon dissolution of, or appointment of any intervenor, conservator, trustee or similar official for the
Subordinated Debtor or the Subordinated Creditor or for any substantial part of the Subordinated Debtor’s or Subordinated Creditor’s assets, (iii) as a result of any settlement or compromise with any Person (including the Subordinated
Creditor) in respect of such payment or otherwise, or (iv) any similar event or otherwise and, in such case, the provisions of Section 10.1 (Nature of Obligations) of the Common Security and Account Agreement shall apply hereto
mutatis mutandis. 
 2.9 Transfers 

The Obligor Subordinated Debt may not be transferred, assigned or encumbered by the Subordinated Creditor in any manner prohibited by a
Finance Document. Without derogation of any other limitation or restriction contained in any other Finance Document, the Subordinated Creditor shall not make any transfer or assignment of all or any part of its interest in any Obligor Subordinated
Debt unless the proposed transferee or assignee shall have first delivered to the Security Trustee, as a condition to any such purported transfer or assignment, an agreement in writing, in form and substance satisfactory to the Security Trustee
Agent, acting reasonably, pursuant to which such proposed transferee or assignee agrees to be bound by, and accepts each of the terms and conditions contained in, this Subordination Agreement or unless such proposed transferee or assignee shall have
first delivered to the Security, an executed subordination agreement in the form attached to the Indenture with respect to such Obligor Subordinated Debt. 

  
 I-2-5 

 2.10 Ranking 

All Obligor Subordinated Debt shall be unsecured and shall rank junior to the Senior Debt Obligations. 

Section 3 Miscellaneous 

3.1 Notices 
 All
notices, requests and demands to or upon the Subordinated Creditor shall be effected in the manner provided in Section 13.02 of the Indenture. 

3.2 Severability 
 Any
term or provision of this Obligor Subordination Agreement or the application thereof to any circumstance that is illegal, invalid, prohibited or unenforceable (to any extent) in any jurisdiction shall, as to such jurisdiction, be ineffective to the
extent of such illegality, invalidity, prohibition or unenforceability, without invalidating or rendering unenforceable the remaining terms or provisions hereof or the application of such term or provision to circumstances other than those to which
it is held illegal, invalid, prohibited or unenforceable. Any such illegality, invalidity, prohibition or unenforceability in any jurisdiction shall not invalidate or render unenforceable such term or provision in any other jurisdiction and the
parties hereto shall enter into good faith negotiations to replace the invalid, illegal, prohibited, or unenforceable term or provision with a view to obtaining the same commercial effect as this Obligor Subordination Agreement would have had if
such term or provision had been legal, valid and enforceable. To the extent permitted by applicable laws, the parties hereto waive any provision of law that renders any term or provision of this Obligor Subordination Agreement illegal, invalid,
prohibited or unenforceable in any respect. 
 3.3 Entire Agreement 

This Obligor Subordination Agreement (including Schedules), the Security Documents and the other Finance Documents (together with any other
agreements or documents referred to or incorporated by reference therein) constitute the entire agreement and understanding, and supersede all prior agreements and understandings (both written and oral), between or among any of the parties hereto
relating to the transactions contemplated hereby or thereby. 
 3.4 No Waiver; Modification to Senior Debt 

No failure on the part of the Secured Parties, and no delay in exercising any right, remedy or power under this Obligor Subordination
Agreement shall operate as a waiver thereof by the Secured Parties, nor shall any single or partial exercise of any right, remedy or power under this Obligor Subordination Agreement preclude any other or future exercise by the Secured Parties of any
other right, remedy or power. Each and every right, remedy and power granted to the Secured Parties, or allowed the Secured Parties by law or other agreement shall be cumulative and not exclusive, and may be exercised by the Secured Parties from
time to time. Without in any way limiting the generality of the foregoing, at any time, without the consent of or notice to the Subordinated Creditor, without incurring responsibility or liability to the Subordinated Creditor

  
 I-2-6 

 
and without impairing or releasing the subordination provided by, or the obligations of the Subordinated Creditor under, this Obligor Subordination Agreement, the Senior Creditor may do any one
or more of the following: (a) change the manner, place or terms of payment of, or extend the time of payment of, or renew or alter, Senior Debt Obligations or any collateral security or guaranty thereof, or otherwise amend or supplement in any
manner Senior Debt Obligations or the Finance Documents; (b) sell, exchange, release or otherwise deal with any property pledged, mortgaged or otherwise securing Senior Debt Obligations; (c) release any Person liable in any manner for the
Senior Debt Obligations; and (d) exercise or refrain from exercising any rights against the Subordinated Debtor and any other Person. The Subordinated Creditor unconditionally waives notice of the incurring of Senior Debt Obligations or any
part thereof. 
 3.5 Benefit of Subordination Provisions 

Nothing contained herein shall: 

(a) impair, as among the Subordinated Debtor, its creditors other than the Secured Parties and the Subordinated Creditor, the obligation of
the Subordinated Debtor, which is absolute and unconditional (and which, subject to the rights of the Secured Parties under this Obligor Subordination Agreement, is intended to rank equally with all other unsecured obligations of the Subordinated
Debtor), to pay the principal of and interest on the Obligor Subordinated Debt as and when the same shall become due and payable in accordance with the terms thereof; or 

(b) affect the relative rights against the Subordinated Debtor of the Subordinated Creditor and creditors of the Subordinated Debtor other
than the Secured Parties. 
 3.6 Conflict in Agreements 

If the subordination provisions of any instrument evidencing Obligor Subordinated Debt conflict with the terms of this Obligor Subordination
Agreement, this Obligor Subordination Agreement shall govern the relationship between Senior Creditors and Subordinated Creditor. For the avoidance of doubt, any subordination provisions with respect to the Obligor Subordinated Debt set forth in any
Senior Debt Instrument shall be applicable to such Obligor Subordinated Debt in addition to that set forth in this Obligor Subordination Agreement. 

3.7 Further Assurances 

The Subordinated Creditor, at its own cost, shall take any further action as the Secured Parties may reasonably request in order to carry out
more fully the intent and purpose of this Obligor Subordination Agreement. Without limitation of the foregoing, the Subordinated Debtor and the Subordinated Creditor shall ensure that each and every note or other instrument evidencing any Obligor
Subordinated Debt shall carry on its face a statement that Obligor Subordinated Debt is subject to the terms and conditions of this Subordination Agreement. Failure by the Subordinated Debtor and the Subordinated Creditor to comply with the
requirement under this Section 3.7 shall in no way diminish the obligations and duties of the Subordinated Creditor hereunder nor the rights and privileges of the Secured Parties under this Agreement and any other Finance Document. 

  
 I-2-7 

 3.8 Execution in Counterparts 

This Obligor Subordination Agreement may be executed in any number of counterparts and by the different parties hereto on separate
counterparts, each of which when so executed and delivered shall be an original, but all the counterparts shall together constitute one and the same instrument. Delivery of an executed counterpart of a signature page of this Obligor Subordination
Agreement by facsimile or in electronic format (e.g., “pdf” or “tif”) shall be effective as delivery of a manually executed counterpart of this Obligor Subordination Agreement. 

3.9 GOVERNING LAW 
 THIS
OBLIGOR SUBORDINATION AGREEMENT SHALL BE GOVERNED BY AND CONSTRUED IN ACCORDANCE WITH THE LAWS OF THE STATE OF NEW YORK, WITHOUT REGARD TO CONFLICTS OF LAWS PRINCIPLES THEREOF THAT WOULD RESULT IN THE APPLICATION OF THE LAWS OF ANY OTHER
JURISDICTION. 
 3.10 WAIVER OF JURY TRIAL 

THE PARTIES TO THIS OBLIGOR SUBORDINATION AGREEMENT WAIVE ANY RIGHT TO TRIAL BY JURY IN ANY ACTION OR PROCEEDING BASED ON, OR PERTAINING TO,
THE OBLIGOR SUBORDINATION AGREEMENT. 
 3.16 Consent to Jurisdiction and Service of Process 

(a) Each party: 
 (i) hereby
irrevocably consents and agrees for the benefit of the Secured Parties that the federal or state courts in the Borough of Manhattan, The City of New York in the State of New York shall have jurisdiction over any legal action, suit or proceeding
against it with respect to its obligations, liabilities or any other matter under or arising out of or in connection with this Subordination Agreement; 

(ii) irrevocably waives any objection it may now or hereafter have to the laying of venue of any action or proceeding in any such court and
any claim it may now or hereafter have that any action or proceeding has been brought in an inconvenient forum; and 
 (iii) irrevocably
consents and agrees that the submission to the jurisdiction of the federal or state courts in the Borough of Manhattan, The City of New York in the State of New York shall not limit the rights of the Senior Creditor Group Representatives (on behalf
of the Senior Creditors) to bring any action or proceeding in any other court of competent jurisdiction nor shall the bringing of any action or the taking of any proceedings in any other jurisdiction (whether concurrently or not) limit such rights,
in each case, to the extent permitted by applicable law. 
 3.12 Amendment 

(a) This Obligor Subordination Agreement may not be amended or modified without the prior written consent of the Security Trustee except as
may be permitted under the Finance Documents. 

  
 I-2-8 

 (b) The consent contemplated in clause (a) above of this Section 3.12 shall not be
required for a successor Security Trustee to accede to this Obligor Subordination Agreement in accordance with Section 8.7(f) (Resignation, Removal and Replacement of Security Trustee) of the Common Security and Account Agreement. 

3.13 Successors and Assigns 

This Obligor Subordination Agreement shall be binding and inure to the benefit of the Subordinated Creditor, the Secured Parties and their
respective successors and permitted assigns irrespective of whether this Obligor Subordination Agreement or any similar agreement is executed by any other creditor of the Subordinated Debtor. To the extent permitted by law, notice of acceptance by
Senior Creditors of this Obligor Subordination Agreement or of reliance by Senior Creditors upon this Obligor Subordination Agreement is hereby waived by the Subordinated Creditor. This Obligor Subordination Agreement is made by the Subordinated
Creditor in its capacity as Subordinated Creditor and only in respect of its rights and obligations as Subordinated Creditor and shall not affect any other rights the Subordinated Creditor may have in respect of the Subordinated Debtor or Senior
Creditors, which do not relate to its capacity as Subordinated Creditor to the Senior Creditors under this Obligor Subordination Agreement. 

3.14 Survival of Obligations 

The provisions of Section 3.9 (GOVERNING LAW), Section 3.10 (WAIVER OF JURY TRIAL) and Section 3.11 (Consent
to Jurisdiction and Service of Process) shall survive the termination of this Obligor Subordination Agreement. 
 3.15
Effectiveness in Bankruptcy Proceedings. 
 This Subordination Agreement, which the parties hereto expressly acknowledge is a
“subordination agreement” under Section 510(a) of the Bankruptcy Code, shall be effective before, during and after the commencement of a Bankruptcy Proceeding. 

[The rest of the page intentionally left blank] 

  
 I-2-9 

 IN WITNESS WHEREOF, the parties hereto have executed this Obligor Subordination Agreement as of the date
first above written. 
  

			
	CHENIERE CORPUS CHRISTI HOLDINGS, LLC
		
	By:	 	 
		 	Name:
		 	Title:

  

			
	CORPUS CHRISTI LIQUEFACTION, LLC
		
	By:	 	 
		 	Name:
		 	Title:

  

			
	CHENIERE CORPUS CHRISTI PIPELINE, L.P.
		
	By:	 	 
		 	Name:
		 	Title:

  

			
	CORPUS CHRISTI PIPELINE GP, LLC
		
	By:	 	 
		 	Name:
		 	Title:

  

			
	SOCIÉTÉ GÉNÉRALE, as the Security Trustee
		
	By:	 	 
		 	Name:
		 	Title:

  
 I-2-10Exhibit 10.1

 

EXECUTION VERSION

 

FIFTH AMENDMENT TO CREDIT AGREEMENT AND
THIRD AMENDMENT TO COLLATERAL TRUST AGREEMENT

 

FIFTH
AMENDMENT TO CREDIT AGREEMENT AND THIRD AMENDMENT TO COLLATERAL TRUST AGREEMENT, dated as of August 20, 2020, which
shall constitute (i) the Fifth Amendment (the “Fifth CRA Amendment”) to the Second Amended and Restated Credit
Agreement dated as of June 30, 2016 (as amended by the First Amendment Agreement, dated as of January 24, 2017, the Second Amendment
Agreement, dated as of March 21, 2018, the Third Amendment Agreement, dated as of May 7, 2018, the Joinder Agreement, dated as
of November 8, 2018, the Fourth Amendment, dated as of May 28, 2019, and as further amended, restated, amended and restated, supplemented
or otherwise modified from time to time prior to the Amendment Effective Date (as defined below), the “Credit Agreement”),
among, inter alia, NRG Energy, Inc., a Delaware corporation (the “Borrower”), the lenders from time to
time parties thereto and Citicorp North America, Inc., as administrative agent (in such capacity and together with its successors,
the “Administrative Agent”) and as collateral agent (in such capacity and together with its successors, the
“Collateral Agent”) and (ii) the Third Amendment (the “Third CTA Amendment”) to the Second
Amended and Restated Collateral Trust Agreement, dated as of July 1, 2011 (as amended by the Amendment, dated as of February 6,
2013, the Second Amendment, dated as of June 4, 2013, and as further amended, restated, amended and restated, supplemented or otherwise
modified from time to time prior to the Amendment Effective Date, the “Collateral Trust Agreement”), among the
Borrower, each Subsidiary Guarantor, the Administrative Agent, Deutsche Bank Trust Company Americas, as collateral trustee (in
such capacity and together with its successors, the “Collateral Trustee”) and the other parties thereto (the
Fifth CRA Amendment and the Third CTA Amendment collectively, this “Fifth Amendment”).

 

RECITALS

 

A.                  
Capitalized terms used but not defined herein shall have the meanings assigned to such terms in the Amended Credit Agreement
(as defined below).

 

B.                   
The Borrower, the Revolving Lenders, the Administrative Agent, the Collateral Agent, the Swingline Lender and each Issuing
Bank, among others, are parties to the Credit Agreement. Citigroup Global Markets Inc. and Credit Suisse Loan Funding LLC are each
acting as a lead arranger and lead bookrunner in connection with this Fifth Amendment (in such capacity, each, an “Arranger”
and together, the “Arrangers”).

 

C.                   
The Borrower has requested that (i) the Credit Agreement be amended to increase the Revolving Commitments in effect immediately
prior to the Dragon Acquisition Closing Date (as defined in the Amended Credit Agreement) (the “Existing Revolving Commitments”)
in an aggregate amount of $779,100,000 (the additional commitments provided as part of such increase, the “New Tranche
A Revolving Commitments” and, together with the Existing Revolving Commitments, the “Tranche A Revolving Commitments”),
subject to the terms and conditions set forth herein and in the Amended Credit Agreement, with the Existing Revolving Commitments
and the New Tranche A Revolving Commitments being part of a single Class under the Amended Credit Agreement (the “Tranche
A Revolving Facility”), (ii) the Credit Agreement be amended to provide for a new Class of revolving loans (the “Tranche
B Revolving Loans”, the commitments

 

     

     

    

 

in respect thereof, the “Tranche B Revolving Commitments”, and
the New Tranche A Revolving Commitments and the Tranche B Revolving Commitments, the “Additional Revolving Commitments”),
subject to the terms and conditions set forth herein and in the Amended Credit Agreement, in an aggregate amount of $258,200,000,
and (iii) the Credit Agreement be amended to make certain other changes as more fully set forth herein.

 

D.                  
The Borrower has requested that the Required Lenders (i) consent to the Third CTA Amendment and (ii) irrevocably authorize
the Administrative Agent, in its capacity as Priority Debt Representative under (and as defined in) the Collateral Trust Agreement
with respect to the Credit Agreement, to instruct the Collateral Trustee to implement the Third CTA Amendment pursuant to Section
7.1 of the Collateral Trust Agreement.

 

E.                   
Each Lender that executes and delivers a signature page to this Fifth Amendment in the capacity of a “Non-Increasing
Revolving Lender” (each, a “Non-Increasing Revolving Lender”) will, by the fact of such execution and
delivery, be deemed (i) to have irrevocably agreed to the terms of this Fifth Amendment and the Amended Credit Agreement, and (ii)
to have irrevocably agreed to the terms of the Third CTA Amendment and the Amended Collateral Trust Agreement (as defined below)
and authorized the Administrative Agent to instruct the Collateral Trustee to implement the amendments to the Collateral Trust
Agreement contemplated under the Amended Collateral Trust Agreement.

 

F.                    
Each Revolving Lender holding Revolving Loans or Existing Revolving Commitments that executes and delivers a signature page
to this Fifth Amendment in the capacity of an “Increasing Revolving Lender” (each, an “Increasing Revolving
Lender”) will, by the fact of such execution and delivery, be deemed (i) to have irrevocably agreed to the terms of this
Fifth Amendment and the Amended Credit Agreement, (ii) to have irrevocably agreed to the terms of the Third CTA Amendment and the
Amended Collateral Trust Agreement and authorized the Administrative Agent to instruct the Collateral Trustee to implement the
amendments to the Collateral Trust Agreement contemplated under the Amended Collateral Trust Agreement, (iii) to have committed
to make New Tranche A Revolving Commitments to the Borrower on the Amendment Effective Date, subject to the condition to availability
of such New Tranche A Revolving Commitments set forth in the Amended Credit Agreement, in the amount, if any, notified to such
Increasing Revolving Lender by the Administrative Agent (but in no event greater than the amount, if any, such Increasing Revolving
Lender committed to make as New Tranche A Revolving Commitments) and (iv) to have committed to make Tranche B Revolving Commitments
to the Borrower on the Amendment Effective Date, subject to the condition to availability of such Tranche B Revolving Commitments
set forth in the Amended Credit Agreement, in the amount, if any, notified to such Increasing Revolving Lender by the Administrative
Agent (but in no event greater than the amount, if any, such Increasing Revolving Lender committed to make as Tranche B Revolving
Commitments).

 

G.                  
Each Person that executes and delivers a signature page to this Fifth Amendment in the capacity of an “Additional
Revolving Lender” (each, an “Additional Revolving Lender” and together with the Non-Increasing Revolving
Lenders, the Increasing Revolving Lenders and any other Lender party hereto, each, a “Fifth Amendment Revolving Lender”
and collectively, the “Fifth Amendment Revolving Lenders”) will, by the fact of such execution and delivery,
be deemed (i) to have irrevocably agreed to the terms of this Fifth Amendment and the Amended

 

     

     

    

 

Credit Agreement, (ii) to have irrevocably
agreed to the terms of the Third CTA Amendment and the Amended Collateral Trust Agreement and authorized the Administrative Agent
to instruct the Collateral Trustee to implement the amendments to the Collateral Trust Agreement contemplated under the Amended
Collateral Trust Agreement, (iii) to have committed to make New Tranche A Revolving Commitments to the Borrower on the Amendment
Effective Date, subject to the condition to availability of such New Tranche A Revolving Commitments set forth in the Amended Credit
Agreement, in the amount, if any, notified to such Additional Revolving Lender by the Administrative Agent (but in no event greater
than the amount, if any, such Additional Revolving Lender committed to make as New Tranche A Revolving Commitments) and (iv) to
have committed to make Tranche B Revolving Commitments to the Borrower on the Amendment Effective Date, subject to the condition
to availability of such Tranche B Revolving Commitments set forth in the Amended Credit Agreement, in the amount, if any, notified
to such Additional Revolving Lender by the Administrative Agent (but in no event greater than the amount, if any, such Additional
Revolving Lender committed to make as Tranche B Revolving Commitments).

 

H.                  
Each Letter of Credit that is outstanding under the Credit Agreement immediately prior to the Amendment Effective Date and
listed on Schedule 2.23(a) of the Amended Credit Agreement shall be deemed to be outstanding under the Amended Credit Agreement
as of the Amendment Effective Date.

 

I.                      
The Swingline Lender and each Issuing Bank that executes and delivers a signature page to this Fifth Amendment in its capacity
as such will be deemed upon the Amendment Effective Date to have irrevocably agreed to the terms of this Fifth Amendment, the Amended
Credit Agreement and the Amended Collateral Trust Agreement.

 

J.                     
By executing and delivering a signature page to this Fifth Amendment, each of the Administrative Agent and the Collateral
Agent will be deemed upon the Amendment Effective Date to have irrevocably agreed to the terms of this Fifth Amendment, the Amended
Credit Agreement and, pursuant to an Act of Instructing Debtholders (as defined in the Collateral Trust Agreement), the Third CTA
Amendment and the Amended Collateral Trust Agreement.

 

K.                  
By executing and delivering a signature page to this Fifth Amendment, acting as directed by the CTA Amendment Authorization
(as defined below), the Collateral Trustee will be deemed upon the Amendment Effective Date to have irrevocably agreed to the terms
of this Fifth Amendment, the Third CTA Amendment and the Amended Collateral Trust Agreement.

 

L.                   
To accomplish the foregoing (i) the Borrower, the Administrative Agent, the Collateral Agent, the Swingline Lender, each
Issuing Bank whose signature page appears below, and each Lender whose signature page appears below, are willing to amend the Credit
Agreement as set forth herein and the Borrower, the Administrative Agent, the Collateral Agent, the Swingline Lender, each Issuing
Bank whose signature page appears below, and each Lender whose signature page appears below and the Collateral Trustee, acting
as directed by the CTA Amendment Authorization, are willing to consent to the Third CTA Amendment and (ii) each Increasing Revolving
Lender and each Additional Revolving Lender is willing to make Additional Revolving Commitments to the Borrower on the Amendment
Effective Date on the terms, to the extent and subject to the conditions set forth herein and in the Amended Credit Agreement.

 

     

     

    

 

M.                 
The amendment of the Credit Agreement and the consent to the amendment of the Collateral Trust Agreement, each as set forth
below, are subject to the satisfaction of the conditions precedent to effectiveness referred to herein and shall become effective
as provided herein.

 

NOW, THEREFORE,
in consideration of the mutual agreements herein contained and other good and valuable consideration, the sufficiency and receipt
of which are hereby acknowledged, the parties hereto agree as follows:

 

 

Article
I 

 

amendment
OF CREDIT AGREEMENT AND AMENDMENT OF COLLATERAL TRUST AGREEMENT

 

Subject
to the satisfaction of the conditions set forth in Section 4.1 hereof, effective as of the Amendment Effective Date:

 

Section
1.1            Fifth Amendment to Credit Agreement. The Borrower,
the Administrative Agent, the Collateral Agent, each Issuing Bank whose signature page appears below, the Swingline Lender, the
Required Lenders, the Non-Increasing Revolving Lenders, the Increasing Revolving Lenders and the Additional Revolving Lenders agree
that on the Amendment Effective Date, (i) the Credit Agreement shall hereby be amended to delete the stricken text (indicated textually
in the same manner as the following example: stricken text) and to add the double-underlined
text (indicated textually in the same manner as the following example: double-underlined
text), as set forth in the Credit Agreement attached as Exhibit A-1 and (ii) the existing Schedules to the Credit
Agreement shall hereby be amended and restated in the form attached to the Credit Agreement in Exhibit A-1 to the extent
any such Schedule is included in Exhibit A-1 (collectively, the “Amended Credit Agreement”). A clean
version of the Amended Credit Agreement (excluding the Schedules attached in Exhibit A-1) is hereby attached as Exhibit A-2.

 

Section
1.2            Third Amendment to Collateral Trust Agreement.
The Borrower, the Administrative Agent, the Collateral Agent, each Issuing Bank whose signature page appears below, the Swingline
Lender, the Required Lenders, the Non-Increasing Revolving Lenders, the Increasing Revolving Lenders and the Additional Revolving
Lenders each hereby consent, as of the Amendment Effective Date, to the amendments to the Collateral Trust Agreement consisting
of the deletion of the stricken text (indicated textually in the same manner as the following example: stricken
text) and the addition of the double-underlined text (indicated textually in the same manner as the following example:
double-underlined text), as set forth in the Collateral
Trust Agreement attached as Exhibit B (the “Amended Collateral Trust Agreement”). By executing and delivering
a signature page to this Fifth Amendment, each Lender and each Issuing Bank party hereto hereby consents to, and authorizes and
directs the Administrative Agent, in its capacity as Priority Debt Representative (as defined in the Collateral Trust Agreement)
under the Collateral Trust Agreement with respect to the Credit Agreement to instruct the Collateral Trustee pursuant to an Act
of Instructing Debtholders to approve the Third CTA Amendment and the terms of the Amended Collateral Trust Agreement and to execute,
acknowledge and accept this Fifth Amendment and, upon reasonable request by the Administrative Agent, in its capacity as Priority
Debt Representative, in each case, any documents, instruments or certificates as may be necessary

 

     

     

    

 

to effectuate the amendments
to the Collateral Trust Agreement provided for herein, and the Administrative Agent, in its capacity as Priority Debt Representative
hereby so instructs the Collateral Trustee (collectively, the “CTA Amendment Authorization”).

 

Section
1.3            Act of Instructing Debtholders. The parties
hereto, other than the Collateral Trustee, confirm that the CTA Amendment Authorization represents an Act of Instructing Debtholders
under and as defined in the Collateral Trust Agreement with respect to the Third CTA Amendment. The Borrower hereby represents
and warrants to the Administrative Agent, the Collateral Agent, the Issuing Banks, the Lenders and the Collateral Trustee and agrees
for the benefit of the Administrative Agent, the Collateral Agent, the Issuing Banks, the Lenders and the Collateral Trustee that
(i) Schedule I attached to this Fifth Amendment sets forth completely and correctly (A) the aggregate outstanding amount of all
Priority Lien Debt for Borrowed Money (as defined in the Collateral Trust Agreement), as in effect as of the Amendment Effective
Date, (B) the aggregate unfunded commitments to extend credit which, when funded, would constitute Priority Lien Debt for Borrowed
Money (as defined in the Collateral Trust Agreement), as in effect as of the Amendment Effective Date, and (C) the face amount
of all outstanding letters of credit issued under any Priority Lien Documents (as defined in the Collateral Trust Agreement) relating
to Priority Lien Debt for Borrowed Money (as defined in the Collateral Trust Agreement), as in effect as of the Amendment Effective
Date, and (ii) pursuant to and in accordance with Section 9.4 of the Collateral Trust Agreement, the holders of Priority Lien Commodity
Hedging Obligations (as defined in the Collateral Trust Agreement) are not entitled to exercise any voting or consent right with
respect to the execution, acknowledgment and acceptance of the Third CTA Amendment with respect to the aggregate Hedge Capacity
Amount (as defined in the Collateral Trust Agreement) under Priority Lien Commodity Hedging Agreements (as defined in the Collateral
Trust Agreement) that are Capacity Commodity Hedging Agreements (as defined in the Collateral Trust Agreement), including with
respect to clause (i)(y)(D) of the definition of “Act of Instructing Debtholders” set forth in the Collateral Trust
Agreement. To accomplish the intent set forth in the first sentence of this Section 1.3, the Lenders constituting, solely based
on (and in reliance upon) the representation and warranty of the Borrower set forth in the immediately preceding sentence, holders
of Priority Lien Debt (as defined in the Collateral Trust Agreement) constituting more than 50% of the sum of (1) the aggregate
outstanding amount of all Priority Lien Debt for Borrowed Money (as defined in the Collateral Trust Agreement), (2) the aggregate
unfunded commitments to extend credit which, when funded, would constitute Priority Lien Debt for Borrowed Money (as defined in
the Collateral Trust Agreement) and (3) the face amount of all outstanding letters of credit issued under any Priority Lien Documents
(as defined in the Collateral Trust Agreement) relating to Priority Lien Debt for Borrowed Money (as defined in the Collateral
Trust Agreement), hereby (x) consent to the Third CTA Amendment, (y) authorize and instruct the Collateral Trustee to execute,
acknowledge and accept the Third CTA Amendment, on their behalf and (z) direct the Administrative Agent, on their behalf, to authorize
and instruct the Collateral Trustee to execute, acknowledge and accept the Third CTA Amendment by executing this Fifth Amendment.
By executing this Fifth Amendment pursuant to the CTA Amendment Authorization, the Collateral Trustee, the Borrower and the Grantors
each agree that on the Amendment Effective Date, the Collateral Trust Agreement is hereby amended in the form of the Amended Collateral
Trust Agreement.

 

     

     

    

 

Article
II 

 

Revolving
Lenders; Issuing Banks; Letter of Credit; Administrative Agent Authorization

 

Section
2.1            Fifth Amendment
Revolving Lenders. Subject to the terms and conditions set forth herein and in the Credit Agreement:

 

(a)              
each Lender party hereto hereby (i) agrees to the terms of this Fifth Amendment, the Amended Credit Agreement and the Amended
Collateral Trust Agreement, (ii) provides its CTA Amendment Authorization and (iii) agrees that, except as otherwise provided in
Section 4.1(e) and Section 4.2 of this Fifth Amendment, the requirements of Section 9.17 of the Credit Agreement
shall not apply in connection with the amendments contemplated hereby;

 

(b)              
each Increasing Revolving Lender irrevocably (i) commits to make New Tranche A Revolving Commitments and/or Tranche B Revolving
Commitments, as applicable, in the amount notified to such Increasing Revolving Lender by the Administrative Agent (but in no event
greater than the amount such Increasing Revolving Lender committed to make as New Tranche A Revolving Commitments or Tranche B
Revolving Commitments, as applicable) and (ii) upon the Amendment Effective Date, shall make New Tranche A Revolving Commitments
and/or Tranche B Revolving Commitments, as applicable, to the Borrower, subject to the condition to availability set forth in the
Amended Credit Agreement; and

 

(c)              
each Additional Revolving Lender irrevocably (i) commits to make New Tranche A Revolving Commitments and/or Tranche B Revolving
Commitments, as applicable, in the amount notified to such Additional Revolving Lender by the Administrative Agent (but in no event
greater than the amount such Additional Revolving Lender committed to make as New Tranche A Revolving Commitments or Tranche B
Revolving Commitments, as applicable), and (ii) upon the Amendment Effective Date, shall make New Tranche A Revolving Commitments
and/or Tranche B Revolving Commitments, as applicable, to the Borrower, subject to the condition to availability set forth in the
Amended Credit Agreement.

 

Section
2.2            Issuing Banks and Swingline Lender. Subject
to the terms and conditions set forth herein and in the Credit Agreement, each Issuing Bank whose signature page appears below
and the Swingline Lender hereby irrevocably (i) agrees to the terms of this Fifth Amendment, the Amended Credit Agreement and the
Amended Collateral Trust Agreement and (ii) provides its CTA Amendment Authorization.

 

Section
2.3            Additional Revolving Commitments.

 

(a)              
The commitments and undertakings of the Increasing Revolving Lenders and the Additional Revolving Lenders with respect to
the Additional Revolving Commitments are several and no such Increasing Revolving Lender or Additional Revolving Lender will be
responsible for any other such Lender’s failure to make Additional Revolving Commitments.

 

(b)              
Each Fifth Amendment Revolving Lender acknowledges and agrees that, as of the Amendment Effective Date, it shall be a “Lender”
and a “Revolving Lender” under, and for all purposes of, the Amended Credit Agreement and the other Loan Documents,
and shall be subject

 

     

     

    

 

to and bound by the terms thereof, and shall perform all the obligations of and shall have all rights of a
Lender thereunder.

 

(c)              
Each Increasing Revolving Lender and each Additional Revolving Lender represents and warrants
that it is sophisticated with respect to decisions to provide assets of the type represented by the Additional Revolving
Commitments and either it, or the Person exercising discretion in making its decision to provide Additional Revolving Commitments,
if any, is experienced in providing assets of such type.

 

(d)              
Each Fifth Amendment Revolving Lender represents and warrants that it has received
a copy of the Credit Agreement and the Collateral Trust Agreement and has received or has been accorded the opportunity to receive
copies of the most recent financial statements delivered pursuant to Section 5.04 thereof, as applicable, and such other documents
and information as it deems appropriate to make its own credit analysis and decision to enter into this Fifth Amendment and, with
respect to any Increasing Revolving Lender or Additional Revolving Lender, to provide its Additional Revolving Commitments.

 

Section
2.4            Existing Revolving Commitments. On the Amendment
Effective Date, all Revolving Commitments (as defined in the Credit Agreement) outstanding under the Credit Agreement immediately
prior to the Amendment Effective Date shall be renamed and thereafter referred to as “Tranche A Revolving Commitments”,
and the Lenders holding such Commitments shall be referred to as “Tranche A Revolving Lenders”.

 

Section
2.5            Letters of Credit.
Notwithstanding anything in the Credit Agreement to the contrary, any Letter of Credit outstanding on the Amendment Effective
Date shall be deemed to be outstanding under the Amended Credit Agreement as of the Amendment Effective Date.

 

Section
2.6            Administrative Agent Authorization. The Borrower,
the Collateral Agent, the Swingline Lender, each Issuing Bank whose signature page appears below and the Lenders whose signatures
appear below authorize the Administrative Agent to (i) determine all amounts, percentages and other information with respect to
the Commitments and Loans of each Lender, which amounts, percentages and other information may be determined only upon receipt
by the Administrative Agent of the signature pages of all Lenders whose signatures appear below and (ii) enter and complete all
such amounts, percentages and other information in the Amended Credit Agreement, as appropriate. The Administrative Agent’s
determination and entry and completion shall be conclusive and shall be conclusive evidence of the existence, amounts, percentages
and other information with respect to the obligations of the Borrower under the Amended Credit Agreement, in each case, absent
clearly demonstrable error. For the avoidance of doubt, the provisions of Article VIII and Section 9.05 of each of the Credit Agreement
and the Amended Credit Agreement shall apply to any determination, entry or completion made by the Administrative Agent pursuant
to this Section 2.6.

 

Article
III 

 

REPRESENTATIONS AND
WARRANTIES.

 

Section
3.1            To induce the
other parties hereto to enter into this Fifth Amendment, the Borrower and each Subsidiary Guarantor represents and warrants to
each of the Lenders, the

 

     

     

    

 

Administrative Agent, the Collateral Agent, the Collateral Trustee, the Swingline Lender and each Issuing
Bank that, as of the Amendment Effective Date:

 

(a)
The Borrower and each Subsidiary Guarantor has all requisite power and authority, and the legal right, to enter into this
Fifth Amendment and the Amended Credit Agreement, and to carry out the transactions contemplated by, and perform its obligations
under, this Fifth Amendment, the Amended Credit Agreement, the Amended Collateral Trust Agreement and the other Loan Documents.

 

(b)
Each of this Fifth Amendment, the Amended Credit Agreement and the Amended Collateral Trust Agreement (i) has been duly
authorized, executed and delivered by the Borrower and, with respect to this Fifth Amendment only, each Subsidiary Guarantor, (ii)
constitutes the Borrower’s and, with respect to this Fifth Amendment only, each Subsidiary Guarantor’s legal, valid
and binding obligation, enforceable against it in accordance with its terms, subject to applicable bankruptcy, insolvency, reorganization,
moratorium, fraudulent transfer or other laws now or hereafter in effect affecting creditors’ rights generally and (including
with respect to specific performance) subject to general principles of equity, regardless of whether considered in a proceeding
in equity or at law and to the discretion of the court before which any proceeding therefor may be brought, (iii) will not violate
(A) any applicable provision of any material law, statute, rule or regulation, or of the certificate or articles of incorporation
or other constitutive documents or by-laws of the Borrower or any Subsidiary Guarantor, (B) any order of any Governmental Authority
or arbitrator or (C) after giving effect to the transactions contemplated by this Fifth Amendment, any provision of any indenture
or any material agreement or other material instrument to which the Borrower or any Subsidiary Guarantor is a party or by which
any of them or any of their property is or may be bound, (iv) after giving effect to the transactions contemplated by this Fifth
Amendment, will not be in conflict with, result in a breach of or constitute (alone or with notice or lapse of time or both) a
default under, or give rise to any right to accelerate or to require the prepayment, repurchase or redemption of any obligation
under any such indenture or material agreement or other material instrument and (v) will not result in the creation or imposition
of any Lien upon or with respect to any property or assets now owned or hereafter acquired by the Borrower or any other Loan Party
(other than Liens created under the Security Documents).

 

(c)
No action, consent or approval of, registration or filing with, notice to, or any other action by, any Governmental Authority
is or will be required in connection with this Fifth Amendment, the Amended Credit Agreement
or the Amended Collateral Trust Agreement, except for (i) the filing of UCC financing statements and filings with the United States
Patent and Trademark Office and the United States Copyright Office, (ii) recordation of modifications of the Mortgages, if any,
(iii) actions specifically described in Section 3.19 of the Credit Agreement or any of the Security Documents, if any, (iv) any
immaterial actions, consents, approvals, registrations or filings or (v) such as have been made or obtained and are in full force
and effect.

 

(d)
The representations and warranties set forth in the Amended Credit Agreement and
each other Loan Document are true and correct in all material respects on and as of the Amendment Effective Date, with the same
effect as though made on and as of such date, except to the extent such representations and warranties expressly relate to an earlier
date,

 

     

     

    

 

in which case such representations and warranties were true and correct in all material respects on and as of such earlier
date; provided that, in each case, such materiality qualifier is not applicable to any representations
and warranties that already are qualified or modified by materiality (or Material Adverse Effect) in the text thereof.

 

Article
IV 

 

CONDITIONS
TO EFFECTIVENESS OF THIS FIFTH AMENDMENT; CONDITIONS SUBSEQUENT.

 

Section
4.1            This Fifth Amendment shall become effective on the
date (the “Amendment Effective Date”) on which each of the following conditions has been satisfied:

 

(a)
The Administrative Agent shall have received duly executed and delivered counterparts of this Fifth Amendment that, when
taken together, bear the signatures of the Borrower, the Collateral Agent, the Collateral Trustee, the Swingline Lender, each Issuing
Bank that is also an Increasing Revolving Lender, each Increasing Revolving Lender, each Additional Revolver Lender, all Subsidiary
Guarantors and the Required Lenders;

 

(b)
Each of (i) the representations and warranties set forth in Article III herein shall be
true and correct in all material respects on and as of the Amendment Effective Date, with the same effect as though made on and
as of such date, except to the extent such representations and warranties expressly relate to an earlier date, in which case such
representations and warranties shall have been true and correct in all material respects on and as of such earlier date; provided
that, in each case, such materiality qualifier shall not be applicable to any representations and warranties that already are qualified
or modified by materiality (or Material Adverse Effect) in the text thereof, and (ii) the condition in Section 4.01(c) of the Amended
Credit Agreement shall have been satisfied or waived in accordance with the terms of the Amended
Credit Agreement;

 

(c)
The Administrative Agent shall have received a certificate, dated as of the Amendment Effective Date, duly executed by a
Financial Officer of the Borrower, confirming compliance with the conditions precedent set forth in Section 4.1 (b) above;

 

(d)
The Administrative Agent shall have received (i) a certificate as to the good standing of each Loan Party as of a recent
date, from the Secretary of State of the state of its organization; (ii) a certificate of the Secretary or Assistant Secretary
of each Loan Party dated as of the Amendment Effective Date and certifying (A) that the by-laws or other similar governing documents,
as applicable, of such Loan Party have not been amended or changed since the Fourth Amendment Effective Date (or for Loan

 

     

     

    

 

Parties
joined through that certain Assumption Agreement dated March 31, 2020, since March 31, 2020) other than those changes attached
to such certificate, (B) that attached thereto is a true and complete copy of resolutions duly adopted by the Board of Directors
or other similar governing body, as applicable, of such Loan Party authorizing the execution, delivery and performance of this
Fifth Amendment and that such resolutions have not been modified, rescinded or amended and are in full force and effect, (C) that
the certificate or articles of incorporation or other formation documents of such Loan Party have not been amended since the Fourth
Amendment Effective Date (or for Loan Parties joined through that certain Assumption Agreement dated March 31, 2020, since March
31, 2020), other than such changes attached to such certificate and (D) as to the incumbency and specimen signature of each officer
executing this Fifth Amendment or any other document delivered in connection herewith on behalf of such Loan Party; and (iii) a
certificate of another officer as to the incumbency and specimen signature of the Secretary or Assistant Secretary executing the
certificate pursuant to clause (ii) above;

 

(e)
With respect to each Mortgaged Property required to be insured pursuant to the Flood Disaster Protection Act of 1973 or
the National Flood Insurance Act of 1968, and the regulations promulgated thereunder, because it is located in an area which has
been identified by the Secretary of Housing and Urban Development as a “special flood hazard area,” the Borrower or
the applicable Subsidiary Guarantor shall have delivered to the Administrative Agent (i) a policy of flood insurance that covers
such Mortgaged Property and is written in an amount reasonably satisfactory to the Administrative Agent, (ii) a “life of
loan” standard flood hazard determination with respect to such Mortgaged Property and (iii) a confirmation that the Borrower
or such Subsidiary Guarantor has received the notice requested pursuant to Section 208(e)(3) of Regulation H of the Board;

 

(f)
The Administrative Agent shall have received (i) and be reasonably satisfied (solely with respect to the absence of any
Liens that are not Permitted Liens) with the results of a recent Lien and judgment search in each jurisdiction of organization
with respect to the Borrower and the Subsidiary Guarantors and (ii) a completed perfection certificate in form reasonably satisfactory
to the Administrative Agent, dated as of the Amendment Effective Date, executed by a duly authorized officer of each Loan Party;

 

(g)
The Administrative Agent shall have received a solvency certificate, dated as of the Amendment Effective Date, from a Financial
Officer of the Borrower, in form and substance reasonably satisfactory to the Administrative Agent, supporting the conclusions
that after giving effect to the transactions contemplated by this Fifth Amendment, the Borrower will not be insolvent or be rendered
insolvent by the Indebtedness incurred in connection therewith, or be left with unreasonably small capital with which to engage
in its businesses, or have incurred debts beyond its ability to pay such debts as they mature;

 

(h)
The Administrative Agent shall have received, on behalf of itself, the Lenders and the Issuing Banks, a favorable written
opinion of Baker Botts L.L.P., counsel for the Borrower and certain other Loan Parties (i) in form and substance reasonably satisfactory
to the Administrative Agent, (ii) dated the Amendment Effective Date, (iii) addressed to the Administrative Agent, the Collateral
Agent, the Issuing Banks and the Lenders and (iv) covering such matters relating to this Fifth Amendment and the transactions
contemplated hereby as the Administrative Agent shall reasonably request and which are customary for transactions of the type contemplated
herein;

 

(i)
The Administrative Agent and the Collateral Trustee shall have received all documentation and other information required
by bank regulatory authorities under applicable “know your customer” and anti-money laundering rules and regulations,
including the Patriot Act, that has been requested, in the case of delivery to the Administrative Agent, by the Administrative
Agent or any Revolving Lender or, in the case of delivery to the Collateral

 

     

     

    

 

Trustee, by the Collateral Trustee, in each case, at
least five Business Days prior to the Amendment Effective Date;

 

(j)
The Arrangers and the Administrative Agent shall have received, to the extent invoiced, reimbursement or other payment of
all reasonable out-of-pocket expenses required to be reimbursed or paid by the Borrower hereunder or under any other Loan Document
or other agreement with the Borrower relating thereto;

 

(k)
The Collateral Trustee shall have received (i) a written opinion of Baker Botts L.L.P., counsel for the Borrower and certain
other Loan Parties in form and substance reasonably satisfactory to the Collateral Trustee dated as of the Amendment Effective
and (ii) a certificate, dated as of the Amendment Effective Date, duly executed by a Financial Officer of the Borrower, in each
case, in accordance with the terms of Section 7.1 of the Collateral Trust Agreement.

 

Section
4.2            Within 90 days after the Dragon Acquisition Closing
Date (or such longer period as the Administrative Agent may agree in its reasonable discretion), the Borrower shall cause to be
delivered to the Administrative Agent and the Collateral Trustee:

 

(a)              
amendments to each of the Mortgages existing on the Dragon Acquisition Closing Date (after giving effect to any release
effected in accordance with the Credit Agreement on or prior to the Dragon Acquisition Closing Date), in each case in proper form
for recording in the relevant jurisdiction and in a form reasonably satisfactory to the Administrative Agent and/or the Collateral
Trustee, together with any documents reasonably required in connection with the recording of such mortgage amendments; and

 

(b)              
customary legal opinions relating to the amendments to the Mortgages described above, which opinions shall be in form and
substance, and from counsel, reasonably satisfactory to the Administrative Agent, noting, however that opinions delivered in substantially
the same form as provided for the Mortgages existing prior to this Fifth Amendment, and by the same counsel, shall be deemed acceptable.

 

Article
V 

 

EFFECT OF AMENDED CREDIT
AGREEMENT AND AMENDED COLLATERAL TRUST AGREEMENT.

 

Section
5.1            Except as expressly
set forth herein, in the Amended Credit Agreement and the Amended Collateral Trust Agreement,
none of this Fifth Amendment, the Amended Credit Agreement
or the Amended Collateral Trust Agreement shall by implication or otherwise limit, impair, constitute a waiver of or otherwise
affect the rights and remedies of the Lenders, the Administrative Agent, the Collateral Agent, the Collateral Trustee or the Issuing
Banks under the Credit Agreement, the Amended Credit Agreement
or any other Loan Document or the Collateral Trustee under the Collateral Trust Agreement or the Amended Collateral Trust Agreement,
and shall not alter, modify, amend or in any way affect any of the terms, conditions, obligations, covenants or agreements contained
in the Credit Agreement or the Amended Credit Agreement
or any other provision of the Credit Agreement, the Amended Credit
Agreement, the Collateral Trust

 

     

     

    

 

Agreement, the Amended Collateral Trust Agreement or of any other Loan Document, all of which are
ratified and affirmed in all respects and shall continue in full force and effect. Nothing herein shall be deemed to entitle the
Borrower, any Subsidiary Guarantor or any other Person to a consent to, or a waiver, amendment, modification or other change of,
any of the terms, conditions, obligations, covenants or agreements contained in the Credit Agreement, the Amended
Credit Agreement, the Collateral Trust Agreement, the Amended Collateral Trust Agreement or any
other Loan Document in similar or different circumstances.

 

Section
5.2            The parties hereto acknowledge and agree that (i)
this Fifth Amendment, the Amended Credit Agreement, the Amended Collateral Trust Agreement, any other Loan Document or other document
or instrument executed and delivered in connection herewith do not constitute a novation, or termination of the obligations of
the Borrower and the Subsidiary Guarantors under the Credit Agreement or the Collateral Trust Agreement, as applicable, in each
case as in effect prior to the Amendment Effective Date (collectively, the “Obligations”); (ii) such Obligations
are in all respects continuing (as amended by this Fifth Amendment) with only the terms thereof being modified to the extent provided
herein; and (iii) the Security Documents and the Liens and security interests granted thereunder are in all respects continuing
in full force and effect. On the Amendment Effective Date, (A) the provisions of this Fifth Amendment and the Amended Credit Agreement
will become effective and binding upon, and enforceable against, the Borrower and each of the Administrative Agent, the Collateral
Agent, the Swingline Lender, each Issuing Bank and the Lenders and (B) the provisions of this Fifth Amendment and the Amended Collateral
Trust Agreement will become effective and binding upon, and enforceable against the Borrower, the Grantors (as defined in the Collateral
Trust Agreement, the Collateral Trustee and each holder of the Secured Obligations (as defined in the Collateral Trust Agreement).
Upon and after the execution of this Fifth Amendment by each of the parties hereto, (A) each reference
in the Amended Credit Agreement to “this Agreement”, “hereunder”, herein,” “hereinafter,”
“hereto,” “hereof” and words of like import referring to the Amended Credit Agreement, and each reference
in the other Loan Documents to “the Credit Agreement”, “thereunder”, “thereof” or words of
like import referring to the Credit Agreement, shall mean and be a reference to the Amended Credit Agreement and (B) each reference
in the Collateral Trust Agreement, to “this Agreement,” “hereunder,” “herein,” “hereinafter,”
“hereto,” “hereof,” and words of like import referring to the Collateral Trust Agreement, shall be and
mean a reference to the Amended Collateral Trust Agreement.

 

Section
5.3            This Fifth Amendment
shall constitute a Loan Document for all purposes under the Amended Credit Agreement and a Security
Document (as defined in the Collateral Trust Agreement and the Amended Collateral Trust Agreement) for all purposes under the Collateral
Trust Agreement and the Amended Collateral Trust Agreement, and shall be administered and construed pursuant to the terms of the
Amended Credit Agreement, the Collateral Trust Agreement
and the Amended Collateral Trust Agreement.

 

Article
VI 

 

MISCELLANEOUS

 

Section
6.1            Counterparts. This
Fifth Amendment may be executed in counterparts (and by different parties hereto on different counterparts), each of which shall
constitute an original

 

     

     

    

 

but all of which when taken together shall constitute a single contract, and shall become effective as provided
in Article V. Delivery of an executed signature page to this Fifth Amendment by facsimile or other electronic transmission
(including “pdf”) shall be as effective as delivery of a manually signed counterpart of this Fifth Amendment. The words
“execution,” “execute”, “signed,” “signature,” “delivery,” and words
of like import in or relating to this Fifth Amendment and any document to be signed in connection with this Fifth Amendment and
the transactions contemplated hereby shall be deemed to include electronic signatures, the electronic matching of assignment terms
and contract formations on electronic platforms approved by the Administrative Agent, deliveries 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, physical delivery
thereof or the use of a paper-based recordkeeping system, as the case may be, to the extent and as provided for in any applicable
law, including the federal Electronic Signatures in Global and National Commerce Act, the New York State Electronic Signatures
and Records Act, or any other similar state laws based on the Uniform Electronic Transactions Act.

 

Section
6.2            Applicable Law; Notices; Waiver of Jury Trial;
Severability; Jurisdiction; Consent to Service of Process; Waivers. THIS FIFTH AMENDMENT SHALL BE CONSTRUED IN ACCORDANCE WITH
AND GOVERNED BY THE LAWS OF THE STATE OF NEW YORK. Sections 9.07, 9.11 and 9.15 of the Amended Credit Agreement are hereby incorporated
by reference herein, mutatis mutandis.

 

Section
6.3            Headings. Headings used herein are for convenience
of reference only, are not part of this Fifth Amendment and are not to affect the construction of, or to be taken into consideration
in interpreting, this Fifth Amendment.

 

Section
6.4            Reaffirmation.
The parties hereto acknowledge and agree that (i) this Fifth Amendment, any other Loan Document or other document or instrument
executed and delivered in connection herewith do not constitute a novation, or termination of the obligations of the Borrower and
the Subsidiary Guarantors under the Credit Agreement as in effect prior to the Fifth Amendment Effective Date (collectively, the
“Obligations”) and (ii) such Obligations are in all respects continuing (as amended by this Fifth Amendment)
with only the terms thereof being modified to the extent provided in this Fifth Amendment. Each of the Borrower and the Subsidiary
Guarantors hereby consents to the entering into the Fifth Amendment and each of the transactions contemplated hereby, confirms
its respective guarantees, pledges, grants of security interests, Liens and other obligations, as applicable, under and subject
to the terms of the Security Documents to which it is a party and each of the other Loan Documents to which it is party, and agrees
that, notwithstanding the effectiveness of the Fifth Amendment or any of the transactions contemplated hereby, such guarantees,
pledges, grants of security interests, Liens and other obligations, and the terms of each of the other Security Documents to which
it is a party and each of the other Loan Documents to which it is a party, are not impaired or affected in any manner whatsoever
and shall continue to be in full force and effect and shall continue to secure all Guaranteed Obligations, as amended, reaffirmed
and modified pursuant to the Fifth Amendment or any of the transactions contemplated thereby.

 

[Signature
pages follow]

 

     

     

    

 

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

  

	 	NRG ENERGY, INC.
	 	 
	 	By:	/s/ Gaëtan C. Frotté
	 	Name: Gaëtan C. Frotté
	 	Title:   Senior Vice President & Treasurer

 

     

     

    

 

	 	GUARANTORS:
	 	 
	 	ACE ENERGY, INC.
	 	ALLIED HOME WARRANTY GP LLC
	 	ALLIED WARRANTY LLC
	 	ARTHUR KILL POWER LLC
	 	ASTORIA GAS TURBINE POWER LLC
	 	BIDURENERGY, INC.
	 	CABRILLO POWER I LLC
	 	CABRILLO POWER II LLC
	 	CARBON MANAGEMENT SOLUTIONS LLC
	 	CIRRO ENERGY SERVICES, INC.
	 	CIRRO GROUP, INC.
	 	CONNECTICUT JET POWER LLC
	 	DEVON POWER LLC
	 	DUNKIRK POWER LLC
	 	EASTERN SIERRA ENERGY COMPANY LLC
	 	EL SEGUNDO POWER, LLC
	 	EL SEGUNDO POWER II, LLC
	 	ENERGY CHOICE SOLUTIONS LLC
	 	ENERGY PLUS HOLDINGS LLC
	 	ENERGY PLUS NATURAL GAS LLC
	 	EVERYTHING ENERGY LLC
	 	FORWARD HOME SECURITY, LLC
	 	GCP FUNDING COMPANY, LLC
	 	GREEN MOUNTAIN ENERGY COMPANY
	 	GREGORY PARTNERS, LLC
	 	GREGORY POWER PARTNERS LLC
	 	HUNTLEY POWER LLC
	 	INDEPENDENCE ENERGY ALLIANCE LLC
	 	INDEPENDENCE ENERGY GROUP LLC
	 	INDEPENDENCE ENERGY NATURAL GAS LLC
	 	INDIAN RIVER OPERATIONS INC.
	 	INDIAN RIVER POWER LLC
	 	MERIDEN GAS TURBINES LLC
	 	MIDDLETOWN POWER LLC
	 	 
	 	By:	/s/  Gaëtan C. Frotté
	 	Name: Gaëtan C. Frotté
	 	Title:   Treasurer

 

[Signature Page to Fifth Amendment to Second Amended and Restated Credit Agreement and Third Amendment to Second Amended and Restated
Collateral Trust Agreement]

 

     

     

    

 

	 	MONTVILLE POWER LLC
	 	NEO CORPORATION
	 	NEW GENCO GP, LLC
	 	NORWALK POWER LLC
	 	NRG ADVISORY SERVICES LLC
	 	NRG AFFILIATE SERVICES INC.
	 	NRG ARTHUR KILL OPERATIONS INC.
	 	NRG ASTORIA GAS TURBINE OPERATIONS INC.
	 	NRG BUSINESS SERVICES LLC
	 	NRG CABRILLO POWER OPERATIONS INC.
	 	NRG CALIFORNIA PEAKER OPERATIONS LLC
	 	NRG CEDAR BAYOU DEVELOPMENT COMPANY, LLC
	 	NRG CONNECTED HOME LLC
	 	NRG CURTAILMENT SOLUTIONS, INC.
	 	NRG DEVELOPMENT COMPANY INC.
	 	NRG DEVON OPERATIONS INC.
	 	NRG DISPATCH SERVICES LLC
	 	NRG DISTRIBUTED ENERGY RESOURCES HOLDINGS LLC
	 	NRG DISTRIBUTED GENERATION PR LLC
	 	NRG DUNKIRK OPERATIONS INC.
	 	NRG ECOKAP HOLDINGS LLC
	 	NRG EL SEGUNDO OPERATIONS INC.
	 	NRG ENERGY LABOR SERVICES LLC
	 	NRG ENERGY SERVICES GROUP LLC
	 	NRG GENERATION HOLDINGS INC.
	 	NRG GREENCO LLC
	 	NRG HOME & BUSINESS SOLUTIONS LLC
	 	NRG HOME SERVICES LLC
	 	NRG HOME SOLUTIONS LLC
	 	NRG HOME SOLUTIONS PRODUCT LLC
	 	NRG HOMER CITY SERVICES LLC
	 	NRG HQ DG LLC
	 	NRG HUNTLEY OPERATIONS INC.
	 	NRG IDENTITY PROTECT LLC
	 	NRG ILION LP LLC
	 	NRG INTERNATIONAL LLC
	 	NRG MEXTRANS INC.
	 	NRG MIDDLETOWN OPERATIONS INC.
	 	NRG MONTVILLE OPERATIONS INC.
	 	NRG NORTH CENTRAL OPERATIONS INC.
	 	 
	 	By:	/s/ Gaëtan C. Frotté
	 	Name: Gaëtan C. Frotté
	 	Title:   Treasurer

 

[Signature Page to Fifth Amendment to Second Amended and Restated Credit Agreement and Third Amendment to Second Amended and Restated
Collateral Trust Agreement]

 

     

     

    

 

	 	NRG NORWALK HARBOR OPERATIONS INC.
	 	NRG OSWEGO HARBOR POWER OPERATIONS INC.
	 	NRG PORTABLE POWER LLC
	 	NRG POWER MARKETING LLC
	 	NRG RENTER’S PROTECTION LLC
	 	NRG RETAIL LLC
	 	NRG RETAIL NORTHEAST LLC
	 	NRG ROCKFORD ACQUISITION LLC
	 	NRG SAGUARO OPERATIONS INC.
	 	NRG SECURITY LLC
	 	NRG SERVICES CORPORATION
	 	NRG SIMPLYSMART SOLUTIONS LLC
	 	NRG TEXAS GREGORY LLC
	 	NRG TEXAS HOLDING INC.
	 	NRG TEXAS LLC
	 	NRG TEXAS POWER LLC
	 	NRG WARRANTY SERVICES LLC
	 	NRG WEST COAST LLC
	 	NRG WESTERN AFFILIATE SERVICES INC.
	 	OSWEGO HARBOR POWER LLC
	 	RELIANT ENERGY NORTHEAST LLC
	 	RELIANT ENERGY POWER SUPPLY, LLC
	 	RELIANT ENERGY RETAIL HOLDINGS, LLC
	 	RELIANT ENERGY RETAIL SERVICES, LLC
	 	RERH HOLDINGS, LLC
	 	SAGUARO POWER LLC
	 	SGE ENERGY SOURCING, LLC 
	 	SGE TEXAS HOLDCO, LLC 
	 	SOMERSET OPERATIONS INC.
	 	SOMERSET POWER LLC
	 	STREAM ENERGY COLUMBIA, LLC 
	 	STREAM ENERGY DELAWARE, LLC 
	 	STREAM ENERGY ILLINOIS, LLC
	 	STREAM ENERGY MARYLAND, LLC 
	 	STREAM ENERGY NEW JERSEY, LLC
	 	STREAM ENERGY NEW YORK, LLC 
	 	STREAM ENERGY PENNSYLVANIA, LLC 
	 	STREAM GEORGIA GAS SPE, LLC 
	 	STREAM OHIO GAS & ELECTRIC, LLC 
	 	STREAM SPE GP, LLC 
	 	TEXAS GENCO GP, LLC
	 	TEXAS GENCO HOLDINGS, INC.
	 	TEXAS GENCO LP, LLC
	 	US RETAILERS LLC
	 	VIENNA OPERATIONS INC.
	 	VIENNA POWER LLC
	 	WCP (GENERATION) HOLDINGS LLC
	 	WEST COAST POWER LLC
	 	xoom alberta holdings, llc 

 

[Signature Page to Fifth Amendment to Second Amended and Restated Credit Agreement and Third Amendment to Second Amended and Restated
Collateral Trust Agreement]

 

     

     

    

 

	 	xoom british columbia holdings, llc 
	 	xoom energy global holdings, llc 
	 	xoom energy, llc 
	 	xoom ontario holdings, llc 
	 	xoom solar, llc
	 	 
	 	By:	/s/ Gaëtan C. Frotté
	 	Name: Gaëtan C. Frotté
	 	Title:   Treasurer

 

[Signature Page to Fifth Amendment to Second Amended and Restated Credit Agreement and Third Amendment to Second Amended and Restated
Collateral Trust Agreement]

 

     

     

    

 

	 	ENERGY ALTERNATIVES WHOLESALE, LLC
	 	NRG OPERATING SERVICES, INC.
	 	NRG SOUTH CENTRAL OPERATIONS INC.
	 	 
	 	By:	/s/ David Callen
	 	Name: David Callen
	 	Title:   Vice President
	 	 
	 	NRG CONSTRUCTION LLC
	 	NRG ENERGY SERVICES LLC
	 	NRG MAINTENANCE SERVICES LLC
	 	NRG RELIABILITY SOLUTIONS LLC
	 	 
	 	By:	/s/ Rachel Smith
	 	Name: Rachel Smith
	 	Title:   Treasurer
	 	 
	 	ENERGY PROTECTION INSURANCE COMPANY
	 	 
	 	By:	/s/ David Callen
	 	Name: David Callen
	 	Title:   Vice President
	 	 
	 	NRG ILION LIMITED PARTNERSHIP
	 	 
	 	By: NRG Rockford Acquisition LLC, its General Partner
	 	 
	 	By:	/s/ Gaëtan Frotté
	 	Name:
    Gaëtan Frotté
	 	Title:   Treasurer
	 	 
	 	NRG SOUTH TEXAS LP
	 	 
	 	By: Texas Genco GP, LLC, its General Partner
	 	 
	 	By:	/s/ Gaëtan Frotté
	 	Name:
    Gaëtan Frotté
	 	Title:   Treasurer
	 	 
	 	TEXAS GENCO SERVICES, LP
	 	 
	 	By: New Genco GP, LLC, its General Partner
	 	 
	 	By:	/s/ Gaëtan Frotté
	 	Name:
    Gaëtan Frotté
	 	Title:   Treasurer

 

[Signature Page to Fifth Amendment to Second Amended and Restated Credit Agreement and Third Amendment to Second Amended and Restated
Collateral Trust Agreement]

 

     

     

    

 

	 	STREAM SPE, LTD. 
	 	 
	 	By: STREAM SPE GP, LLC, the sole general partner 
	 	 
	 	By:	/s/ Gaëtan Frotté
	 	Name: Gaëtan
    Frotté
	 	Title:   Treasurer
	 	 
	 	XOOM ENERGY CALIFORNIA, LLC 
	 	 
	 	By:	/s/ Leonard Gardner
	 	Name: Leonard Gardner 
	 	Title:   Vice President
	 	 
	 	XOOM ENERGY CONNECTICUT, LLC
	 	XOOM ENERGY DELAWARE, LLC
	 	XOOM ENERGY GEORGIA, LLC
	 	XOOM ENERGY ILLINOIS, LLC
	 	XOOM ENERGY INDIANA, LLC
	 	XOOM ENERGY KENTUCKY, LLC
	 	XOOM ENERGY MAINE, LLC
	 	XOOM ENERGY MARYLAND, LLC
	 	XOOM ENERGY MASSACHUSETTS, LLC
	 	XOOM ENERGY MICHIGAN, LLC
	 	XOOM ENERGY NEW HAMPSHIRE, LLC
	 	XOOM ENERGY NEW JERSEY, LLC
	 	XOOM ENERGY NEW YORK, LLC
	 	XOOM ENERGY OHIO, LLC
	 	XOOM ENERGY PENNSYLVANIA, LLC
	 	XOOM ENERGY RHODE ISLAND, LLC
	 	XOOM ENERGY TEXAS, LLC
	 	XOOM ENERGY VIRGINIA, LLC
	 	XOOM ENERGY WASHINGTON D.C., LLC
	 	 
	 	By: XOOM ENERGY, LLC, the sole member 
	 	 
	 	By:	/s/ Gaëtan Frotté
	 	Name:
    Gaëtan Frotté
	 	Title:   Treasurer

 

     

     

    

 

	ACKNOWLEDGED AND ACCEPTED BY:	 
	 	 
	CITICORP NORTH AMERICA, INC., as 

Administrative Agent and
    Collateral Agent	 
	 	 
	By:	/s/ Akshay Kulkarni	 
	 	Name:	Akshay Kulkarni	 
	 	Title:	 Director	 
	 	 
	CITIBANK, N.A., as an Issuing Bank 

and Swingline Lender	 
	 	 
	By:	/s/ Akshay Kulkarni	 
	 	Name:	 Akshay Kulkarni	 
	 	Title:	 Director	 

 

[Signature Page to Fifth Amendment]

 

     

     

    

 

	Citibank, N.A., Canadian Branch,
 as Swingline Lender	 
	 	 
	By:	/s/ Akshay Kulkarni	 
	 	Name:	Akshay Kulkarni	 
	 	Title:	Director	 

 

[Signature Page to Fifth Amendment]

 

     

     

    

 

	Bank of America, National Association (Canada branch),
 as a Lender	 
	 	 
	By:	/s/ Medina Sales de Andrade	 
	 	Name:	 Medina Sales de Andrade	 
	 	Title:	Vice President	 

 

[Signature Page to Fifth Amendment]

 

     

     

    

 

	ACKNOWLEDGED AND AGREED BY:	 
	 	 
	DEUTSCHE BANK TRUST COMPANY AMERICAS,
 as Collateral
    Trustee	 
	 	 
	By:	/s/ Irina Golovashchuk	 
	 	Name:	Irina Golovashchuk	 
	 	Title:	Vice President	 
	 	 
	By:	/s/ Jeffrey Schoenfeld	 
	 	Name:	Jeffrey Schoenfeld	 
	 	Title:	Vice President	 

 

[Signature Page to Fifth Amendment to Second
Amended and Restated Credit Agreement and Third Amendment to Second 

Amended and Restated Collateral Trust Agreement]

 

     

     

    

 

	Barclays Bank PLC,
 as an Issuing Bank	 
	 	 
	By:	/s/ Sydney G. Dennis	 
	 	Name:	 Sydney G. Dennis	 
	 	Title:	 Director	 

 

[Signature Page to Fifth Amendment]

 

     

     

    

 

	Bank of America, N.A.,
 as an Issuing Bank	 
	 	 
	By:	/s/ Jennifer K. Cochrane	 
	 	Name:	Jennifer Cochrane	 
	 	Title:	Vice President	 

 

[Signature Page to Fifth Amendment]

 

     

     

    

 

	Bank of Montreal, Chicago Branch,
 as an Issuing Bank	 
	 	 
	By:	/s/ Darren Thomas	 
	 	Name:	Darren Thomas	 
	 	Title:	Vice President	 

 

[Signature Page to Fifth Amendment]

 

     

     

    

 

	BNP Paribas,
 as an Issuing Bank	 
	 	 
	By:	/s/ Nicole Rodriguez	 
	 	Name:	Nicole Rodriguez	 
	 	Title:	 Director	 
	 	 
	By:	/s/ Christopher Sked	 
	 	Name:	Christopher Sked	 
	 	Title:	Managing Director	 

 

[Signature Page to Fifth Amendment]

 

     

     

    

 

	Credit Suisse AG, Cayman Islands Branch,
 as an Issuing Bank	 
	 	 
	By:	/s/ Mikhail Faybusovich	 
	 	Name:	 Mikhail Faybusovich	 
	 	Title:	Authorized Signatory	 
	 	 
	By:	/s/ Christopher Zybrick	 
	 	Name:	 Christopher Zybrick	 
	 	Title:	 Authorized Signatory	 

 

[Signature Page to Fifth Amendment]

 

     

     

    

 

	Deutsche Bank AG New York Branch,
 as an Issuing Bank	 
	 	 
	By:	/s/ Yumi Okabe	 
	 	Name:	Yumi Okabe	 
	 	Title:	Vice President	 
	 	 	Email: yumi.okabe@db.com	 
	 	 	Tel: (212) 250-2966	 
	 	 
	By:	/s/ Jennifer Culbert	 
	 	Name:	 Jennifer Culbert	 
	 	Title:	Vice President	 
	 	 	 jennifer-a.culbert@db.com 

212 250 0738	 

 

[Signature Page to Fifth Amendment]

 

     

     

    

 

	JPMorgan Chase Bank, N.A., 
 as an Issuing Bank	 
	 	 
	By:	/s/ Jeffrey Miller	 
	 	Name:	 Jeffrey Miller	 
	 	Title:	Executive Director	 

 

[Signature Page to Fifth Amendment]

 

     

     

    

 

	Morgan Stanley Bank, N.A., 
 as an Issuing Bank	 
	 	 
	By:	/s/ Alysha Salinger	 
	 	Name:	Alysha Salinger	 
	 	Title:	Authorized Signatory	 

 

[Signature Page to Fifth Amendment]

 

     

     

    

 

	Natixis, New York Branch, 
 as an Issuing Bank	 
	 	 
	By:	/s/ Guillaume De Parscau	 
	 	Name:	Guillaume De Parscau	 
	 	Title:	 Managing Director	 
	 	 
	By:	/s/ Hanane Hablal	 
	 	Name:	Hanane Hablal	 
	 	Title:	Vice President	 

 

[Signature Page to Fifth Amendment]

 

     

     

    

 

	Royal Bank of Canada, 
 as an Issuing Bank	 
	 	 
	By:	/s/ Justin Painter	 
	 	Name:	 Justin Painter	 
	 	Title:	Authorized Signatory	 

 

[Signature Page to Fifth Amendment]

 

     

     

    

 

SIGNATURE PAGE TO

FIFTH AMENDMENT

 

FIFTH AMENDMENT REVOLVING LENDERS
SIGNATURE PAGE

 

[Please
see attached.]

 

    [Signature Page to Fifth Amendment to Second Amended and Restated Credit Agreement and Third Amendment to Second Amended and Restated Collateral Trust Agreement]

     

    

 

ANNEX A

 

Signature Page to Fifth Amendment
to Second Amended and Restated Credit Agreement and Third Amendment to Second Amended and Restated Collateral Trust Agreement

 

1.       Existing
Revolving Lenders

 

a.       Increasing
Revolving Lenders

 

x
Mark this box to consent as an Increasing Revolving Lender and to make New Tranche A Revolving Commitments and Tranche
B Revolving Commitments to the Borrower on the Amendment Effective Date in an amount not to exceed the amount expressly set forth
on your signature pages hereto as described in the Amendment.

 

Specify the maximum amount of New Tranche
A Revolving Commitments you are requesting (which amount shall be in addition to any Existing Revolving Commitments you have,
and exclusive of such amount of Existing Revolving Commitments): $22,620,000

 

Specify the maximum amount of Tranche
B Revolving Commitments you are requesting: $15,080,000

 

By executing this Amendment, the undersigned
consents to this Amendment, the Amended Credit Agreement and the Amended Collateral Trust Agreement.

 

	Please enter the information of a contact for any questions
        on this signature page:

         

        Name: Adam E. Schroeder

         

        Tel: (212) 526-8035

         

        Email: Adam.Schroeder@Barclays.com
	BARCLAYS BANK PLC

         

        By: /s/ Sydney G.
        Dennis                                              

        Name: Sydney G. Dennis

        Title: Director

         

        For any Lender requiring a second signature line:

         

        By:                                                                                  

        Name:

        Title:

 

    [Signature Page to Fifth Amendment to Second Amended and Restated Credit Agreement and Third Amendment to Second Amended and Restated Collateral Trust Agreement]

     

    

 

Signature Page to Fifth Amendment
to Second Amended and Restated Credit Agreement and Third Amendment to Second Amended and Restated Collateral Trust Agreement

 

1.       Existing
Revolving Lenders

 

a.       Increasing
Revolving Lenders

 

x
Mark this box to consent as an Increasing Revolving Lender and to make New Tranche A Revolving Commitments and Tranche
B Revolving Commitments to the Borrower on the Amendment Effective Date in an amount not to exceed the amount expressly set forth
on your signature pages hereto as described in the Amendment.

 

Specify the maximum amount of New Tranche
A Revolving Commitments you are requesting (which amount shall be in addition to any Existing Revolving Commitments you have,
and exclusive of such amount of Existing Revolving Commitments): $22.62MM

 

Specify the maximum amount of Tranche
B Revolving Commitments you are requesting: $15.08MM

 

By executing this Amendment, the undersigned
consents to this Amendment, the Amended Credit Agreement and the Amended Collateral Trust Agreement.

 

	Please enter the information of a contact for any questions
        on this signature page:

         

        Name: Jennifer Cochrane

         

        Tel: (646) 855-1889

         

        Email: jennifer.cochrane@bofa.com
	Bank of America, N.A.

         

        By: /s/ Jennifer K.
        Cochrane                                         

        Name: Jennifer Cochrane

        Title: Vice President

         

        For any Lender requiring a second signature line:

         

        By:                                                                                  

        Name:

        Title:

 

    [Signature Page to Fifth Amendment to Second Amended and Restated Credit Agreement and Third Amendment to Second Amended and Restated Collateral Trust Agreement]

     

    

 

ANNEX A

 

Signature Page to Fifth Amendment
to Second Amended and Restated Credit Agreement and Third Amendment to Second Amended and Restated Collateral Trust Agreement

 

1.       Existing
Revolving Lenders

 

a.       Increasing
Revolving Lenders

 

x
Mark this box to consent as an Increasing Revolving Lender and to make New Tranche A Revolving Commitments and Tranche
B Revolving Commitments to the Borrower on the Amendment Effective Date in an amount not to exceed the amount expressly set forth
on your signature pages hereto as described in the Amendment.

 

Specify the maximum amount of New Tranche
A Revolving Commitments you are requesting (which amount shall be in addition to any Existing Revolving Commitments you have,
and exclusive of such amount of Existing Revolving Commitments): $22,620,000

 

Specify the maximum amount of Tranche
B Revolving Commitments you are requesting: $15,080,000

 

By executing this Amendment, the undersigned
consents to this Amendment, the Amended Credit Agreement and the Amended Collateral Trust Agreement.

 

	Please enter the information of a contact for any questions
        on this signature page:

         

        Name: Darren Thomas

         

        Tel: (929) 474 - 0849

         

        Email: darren.thomas@bmo.com
	Bank of Montreal, Chicago Branch

         

        By: /s/ Darren
        Thomas                                                   

        Name: Darren Thomas

        Title: Vice President

         

        For any Lender requiring a second signature line:

         

        By:
                                                                                         

        Name:

        Title:

 

    [Signature Page to Fifth Amendment to Second Amended and Restated Credit Agreement and Third Amendment to Second Amended and Restated Collateral Trust Agreement]

     

    

 

ANNEX A

 

Signature Page to Fifth Amendment
to Second Amended and Restated Credit Agreement and Third Amendment to Second Amended and Restated Collateral Trust Agreement

 

1.       Existing
Revolving Lenders

 

a.       Increasing
Revolving Lenders

 

x
Mark this box to consent as an Increasing Revolving Lender and to make New Tranche A Revolving Commitments and Tranche
B Revolving Commitments to the Borrower on the Amendment Effective Date in an amount not to exceed the amount expressly set forth
on your signature pages hereto as described in the Amendment.

 

Specify the maximum amount of New Tranche
A Revolving Commitments you are requesting (which amount shall be in addition to any Existing Revolving Commitments you have,
and exclusive of such amount of Existing Revolving Commitments): $69.82MM

 

Specify the maximum amount of Tranche
B Revolving Commitments you are requesting: $15.08MM

 

By executing this Amendment, the undersigned
consents to this Amendment, the Amended Credit Agreement and the Amended Collateral Trust Agreement.

 

	Please enter the information of a contact for any questions
        on this signature page:

         

        Name:_________________________________

         

        Tel:___________________________________

         

        Email:_________________________________
	BNP Paribas

         

        By: /s/ Nicole
        Rodriguez                                               

        Name: Nicole Rodriguez

        Title: Director

         

        For any Lender requiring a second signature line:

         

        By: /s/ Christopher Sked                                              

        Name:Christopher Sked

        Title:Managing Director

 

    [Signature Page to Fifth Amendment to Second Amended and Restated Credit Agreement and Third Amendment to Second Amended and Restated Collateral Trust Agreement]

     

    

 

ANNEX A

 

Signature Page to Fifth Amendment
to Second Amended and Restated Credit Agreement and Third Amendment to Second Amended and Restated Collateral Trust Agreement

 

1.       Existing
Revolving Lenders

 

a.       Increasing
Revolving Lenders

 

x
Mark this box to consent as an Increasing Revolving Lender and to make New Tranche A Revolving Commitments and Tranche
B Revolving Commitments to the Borrower on the Amendment Effective Date in an amount not to exceed the amount expressly set forth
on your signature pages hereto as described in the Amendment.

 

Specify the maximum amount of New Tranche
A Revolving Commitments you are requesting (which amount shall be in addition to any Existing Revolving Commitments you have,
and exclusive of such amount of Existing Revolving Commitments): $22,620,000

 

Specify the maximum amount of Tranche
B Revolving Commitments you are requesting: $15,080,000

 

By executing this Amendment, the undersigned
consents to this Amendment, the Amended Credit Agreement and the Amended Collateral Trust Agreement.

 

	Please enter the information of a contact for any questions
        on this signature page:

         

        Name: Darrell Stanley

         

        Tel: (713) 890-8602

         

        Email: Darrell.stanley@ca-cib.com
	CREDIT AGRICOLE CORPORATE AND INVESTMENT BANK

         

        By: /s/ Darrell
        Stanley                                                   

        Name: Darrell Stanley

        Title: Managing Director

         

        For any Lender requiring a second signature line:

         

        By: /s/ Michael
        Willis                                                   

        Name:Michael Willis

        Title:Managing Director

 

    [Signature Page to Fifth Amendment to Second Amended and Restated Credit Agreement and Third Amendment to Second Amended and Restated Collateral Trust Agreement]

     

    

 

ANNEX A

 

Signature Page to Fifth Amendment
to Second Amended and Restated Credit Agreement and Third Amendment to Second Amended and Restated Collateral Trust Agreement

 

1.       Existing
Revolving Lenders

 

a.       Increasing
Revolving Lenders

 

x
Mark this box to consent as an Increasing Revolving Lender and to make New Tranche A Revolving Commitments and Tranche
B Revolving Commitments to the Borrower on the Amendment Effective Date in an amount not to exceed the amount expressly set forth
on your signature pages hereto as described in the Amendment.

 

Specify the maximum amount of New Tranche
A Revolving Commitments you are requesting (which amount shall be in addition to any Existing Revolving Commitments you have,
and exclusive of such amount of Existing Revolving Commitments): $34,620,000

 

Specify the maximum amount of Tranche
B Revolving Commitments you are requesting: $23,080,000

 

By executing this Amendment, the undersigned
consents to this Amendment, the Amended Credit Agreement and the Amended Collateral Trust Agreement.

 

	Please enter the information of a contact for any questions
        on this signature page:

         

        Name:_________________________________

         

        Tel:___________________________________

         

        Email:_________________________________
	CITIBANK, N. A.,

         

        By: /s/ Akshay
        Kulkarni                                                

        Name: Akshay Kulkarni

        Title: Director

         

        For any Lender requiring a second signature line:

         

        By:                                                                                  

        Name:

        Title:

 

    [Signature Page to Fifth Amendment to Second Amended and Restated Credit Agreement and Third Amendment to Second Amended and Restated Collateral Trust Agreement]

     

    

 

ANNEX A

 

Signature Page to Fifth Amendment
to Second Amended and Restated Credit Agreement and Third Amendment to Second Amended and Restated Collateral Trust Agreement

 

1.       Existing
Revolving Lenders

 

a.       Increasing
Revolving Lenders

 

x
Mark this box to consent as an Increasing Revolving Lender and to make New Tranche A Revolving Commitments and Tranche
B Revolving Commitments to the Borrower on the Amendment Effective Date in an amount not to exceed the amount expressly set forth
on your signature pages hereto as described in the Amendment.

 

Specify the maximum amount of New Tranche
A Revolving Commitments you are requesting (which amount shall be in addition to any Existing Revolving Commitments you have,
and exclusive of such amount of Existing Revolving Commitments): $34,620,000

 

Specify the maximum amount of Tranche
B Revolving Commitments you are requesting: $23,080,000

 

By executing this Amendment, the undersigned
consents to this Amendment, the Amended Credit Agreement and the Amended Collateral Trust Agreement.

 

	Please enter the information of a contact for any questions
        on this signature page:

         

        Name:_________________________________

         

        Tel:___________________________________

         

        Email:_________________________________
	Credit Suisse AG, Cayman Islands Branch

         

        By: /s/ Mikhail
        Faybusovich                                        

        Name: Mikhail Faybusovich

        Title: Authorized Signatory

         

        For any Lender requiring a second signature line:

         

        By: /s/ Christopher
        Zybrick                                          

        Name:Christopher Zybrick

        Title:Authorized Signatory

 

    [Signature Page to Fifth Amendment to Second Amended and Restated Credit Agreement and Third Amendment to Second Amended and Restated Collateral Trust Agreement]

     

    

 

ANNEX A

 

Signature Page to Fifth Amendment
to Second Amended and Restated Credit Agreement and Third Amendment to Second Amended and Restated Collateral Trust Agreement

 

1.       Existing
Revolving Lenders

 

a.       Increasing
Revolving Lenders

 

x
Mark this box to consent as an Increasing Revolving Lender and to make New Tranche A Revolving Commitments and Tranche
B Revolving Commitments to the Borrower on the Amendment Effective Date in an amount not to exceed the amount expressly set forth
on your signature pages hereto as described in the Amendment.

 

Specify the maximum amount of New Tranche
A Revolving Commitments you are requesting (which amount shall be in addition to any Existing Revolving Commitments you have,
and exclusive of such amount of Existing Revolving Commitments): $22,620,000

 

Specify the maximum amount of Tranche
B Revolving Commitments you are requesting: $15,080,000

 

By executing this Amendment, the undersigned
consents to this Amendment, the Amended Credit Agreement and the Amended Collateral Trust Agreement.

 

	Please enter the information of a contact for any questions
        on this signature page:

         

        Name: Reagan Farish

         

        Tel: +1 (904)-271-2420

         

        Email: Reagan.farish@db.com
	Deutsche Bank AG New York Branch

         

        By: /s/ Michael
        Strobel                                                 

        Name: Michael Strobel

        Title:  Vice President

                  michael-p.strobel@db.com

                  212-250-0939

         

        By: /s/ Jennifer
        Culbert                                                 

        Name: Jennifer Culbert

        Title:  Vice President

                   jennifer-a.culbert@db.com

                  212 250 0738

 

    [Signature Page to Fifth Amendment to Second Amended and Restated Credit Agreement and Third Amendment to Second Amended and Restated Collateral Trust Agreement]

     

    

 

Signature Page to Fifth Amendment
to Second Amended and Restated Credit Agreement and Third Amendment to Second Amended and Restated Collateral Trust Agreement

 

1.       Existing
Revolving Lenders

 

a.       Non-Increasing
Revolving Lenders

 

x
Mark this box to consent as a Non-Increasing Revolving Lender as described above.

 

By executing this Amendment, the undersigned
consents to this Amendment, the Amended Credit Agreement and the Amended Collateral Trust Agreement.

 

	Please enter the information of a contact for any questions
        on this signature page:

         

        Name:                                                                              

         

        Tel:                                                                                  

         

        Email: GSD.Link@gs.com                                            
	Goldman Sachs Bank USA

         

        By: /s/ Jamie
        Minieri                                                      

        Name: Jamie Minieri

        Title:Authorized Signatory

         

        For any Lender requiring a second signature line:

         

        By:                                                                                   

        Name:

        Title:

         

 

    [Signature Page to Fifth Amendment to Second Amended and Restated Credit Agreement and Third Amendment to Second Amended and Restated Collateral Trust Agreement]

     

    

 

ANNEX A

 

Signature Page to Fifth Amendment
to Second Amended and Restated Credit Agreement and Third Amendment to Second Amended and Restated Collateral Trust Agreement

 

1.       Existing
Revolving Lenders

 

a.       Increasing
Revolving Lenders

 

x
Mark this box to consent as an Increasing Revolving Lender and to make New Tranche A Revolving Commitments and Tranche
B Revolving Commitments to the Borrower on the Amendment Effective Date in an amount not to exceed the amount expressly set forth
on your signature pages hereto as described in the Amendment.

 

Specify the maximum amount of New Tranche
A Revolving Commitments you are requesting (which amount shall be in addition to any Existing Revolving Commitments you have,
and exclusive of such amount of Existing Revolving Commitments): $34,700,000

 

Specify the maximum amount of Tranche
B Revolving Commitments you are requesting: $23,000,000

 

By executing this Amendment, the undersigned
consents to this Amendment, the Amended Credit Agreement and the Amended Collateral Trust Agreement.

 

	Please enter the information of a contact for any questions
        on this signature page:

         

        Name: Antonella Pasetto

         

        Tel: 212 270 0275

         

        Email: antonella.pasetto@jpmorgan.com
	JPMORGAN CHASE BANK, N.A.

         

        By:  /s/ Jeffrey C.
        Miller                                                 

        Name: Jeffrey C. Miller

        Title:Executive Director

         

        For any Lender requiring a second signature line:

         

        By:                                                                                   

        Name:

        Title:

         

 

    [Signature Page to Fifth Amendment to Second Amended and Restated Credit Agreement and Third Amendment to Second Amended and Restated Collateral Trust Agreement]

     

    

 

ANNEX A

 

Signature Page to Fifth Amendment
to Second Amended and Restated Credit Agreement and Third Amendment to Second Amended and Restated Collateral Trust Agreement

 

1.       Existing
Revolving Lenders

 

a.       Increasing
Revolving Lenders

 

x
Mark this box to consent as an Increasing Revolving Lender and to make New Tranche A Revolving Commitments and Tranche
B Revolving Commitments to the Borrower on the Amendment Effective Date in an amount not to exceed the amount expressly set forth
on your signature pages hereto as described in the Amendment.

 

Specify the maximum amount of New Tranche
A Revolving Commitments you are requesting (which amount shall be in addition to any Existing Revolving Commitments you have,
and exclusive of such amount of Existing Revolving Commitments): $9,000,000

 

Specify the maximum amount of Tranche
B Revolving Commitments you are requesting: $6,000,000

 

By executing this Amendment, the undersigned
consents to this Amendment, the Amended Credit Agreement and the Amended Collateral Trust Agreement.

 

	Please enter the information of a contact for any questions
        on this signature page:

         

        Name: Renee Bonnell

         

        Tel: 216.689.7729

         

        Email: renee.bonnell@key.com

         
	KeyBank National Association

         

        By: /s/ Renee M.
        Bonnell                                             

        Name: Renee M. Bonnell

        Title:Senior Vice President

         

 

    [Signature Page to Fifth Amendment to Second Amended and Restated Credit Agreement and Third Amendment to Second Amended and Restated Collateral Trust Agreement]

     

    

 

ANNEX A

 

Signature Page to Fifth Amendment
to Second Amended and Restated Credit Agreement and Third Amendment to Second Amended and Restated Collateral Trust Agreement

 

1.       Existing
Revolving Lenders

 

a.       Increasing
Revolving Lenders

 

x
Mark this box to consent as an Increasing Revolving Lender and to make New Tranche A Revolving Commitments and Tranche
B Revolving Commitments to the Borrower on the Amendment Effective Date in an amount not to exceed the amount expressly set forth
on your signature pages hereto as described in the Amendment.

 

Specify the maximum amount of New Tranche
A Revolving Commitments you are requesting (which amount shall be in addition to any Existing Revolving Commitments you have,
and exclusive of such amount of Existing Revolving Commitments): $22.62 million

 

Specify the maximum amount of Tranche
B Revolving Commitments you are requesting: $15.08 million

 

By executing this Amendment, the undersigned
consents to this Amendment, the Amended Credit Agreement and the Amended Collateral Trust Agreement.

 

	Please enter the information of a contact for any questions
        on this signature page:

         

        Name:                                                                             

         

        Tel:                                                                                 

         

        Email                                                                               
	Morgan Stanley Bank, N.A.

         

        By: /s/ Alysha
        Salinger                                                 

        Name: Alysha Salinger

        Title:Authorized Signatory

         

        For any Lender requiring a second signature line:

         

        By:                                                                                    

        Name:

        Title:

         

 

    [Signature Page to Fifth Amendment to Second Amended and Restated Credit Agreement and Third Amendment to Second Amended and Restated Collateral Trust Agreement]

     

    

 

ANNEX A

 

Signature Page to Fifth Amendment
to Second Amended and Restated Credit Agreement and Third Amendment to Second Amended and Restated Collateral Trust Agreement

 

1.       Existing
Revolving Lenders

 

a.       Increasing
Revolving Lenders

 

x
Mark this box to consent as an Increasing Revolving Lender and to make New Tranche A Revolving Commitments and Tranche
B Revolving Commitments to the Borrower on the Amendment Effective Date in an amount not to exceed the amount expressly set forth
on your signature pages hereto as described in the Amendment.

 

Specify the maximum amount of New Tranche
A Revolving Commitments you are requesting (which amount shall be in addition to any Existing Revolving Commitments you have,
and exclusive of such amount of Existing Revolving Commitments): $22,620,000

 

Specify the maximum amount of Tranche
B Revolving Commitments you are requesting: $15,080,000

 

By executing this Amendment, the undersigned
consents to this Amendment, the Amended Credit Agreement and the Amended Collateral Trust Agreement.

 

	Please enter the information of a contact for any questions
        on this signature page:

         

        Name: Viet-Linh Fujitaki

         

        Tel: (213) 236-6254

         

        Email: vfujitaki@us.mufg.jp
	MUFG BANK, LTD.

         

        By: /s/ Viet-Linh
        Fujitaki                                               

        Name: Viet-Linh Fujitaki

        Title:Director

         

        For any Lender requiring a second signature line:

         

        By:                                                                                    

        Name:

        Title:

         

 

    [Signature Page to Fifth Amendment to Second Amended and Restated Credit Agreement and Third Amendment to Second Amended and Restated Collateral Trust Agreement]

     

    

 

ANNEX A

 

Signature Page to Fifth Amendment
to Second Amended and Restated Credit Agreement and Third Amendment to Second Amended and Restated Collateral Trust Agreement

 

1.       Existing
Revolving Lenders

 

a.       Increasing
Revolving Lenders

 

x
Mark this box to consent as an Increasing Revolving Lender and to make New Tranche A Revolving Commitments and Tranche
B Revolving Commitments to the Borrower on the Amendment Effective Date in an amount not to exceed the amount expressly set forth
on your signature pages hereto as described in the Amendment.

 

Specify the maximum amount of New Tranche
A Revolving Commitments you are requesting (which amount shall be in addition to any Existing Revolving Commitments you have,
and exclusive of such amount of Existing Revolving Commitments): $15,000,000.00

 

Specify the maximum amount of Tranche
B Revolving Commitments you are requesting: $10,000,000.00

 

By executing this Amendment, the undersigned
consents to this Amendment, the Amended Credit Agreement and the Amended Collateral Trust Agreement.

 

	Please enter the information of a contact for any questions
        on this signature page:

         

        Name: Alex Penn

         

        Tel: (212) 891-6255

         

        Email: alex.penn@natixis.com
	Natixis, New York Branch

         

        By: /s/ Guillaume De
        Parscau                                       

        Name: Guillaume De Parscau

        Title:Managing Director

         

        For any Lender requiring a second signature line:

         

        By: /s/ Hanane
        Hablal                                                    

        Name: Hanane Hablal

        Title:Vice President

         

 

    [Signature Page to Fifth Amendment to Second Amended and Restated Credit Agreement and Third Amendment to Second Amended and Restated Collateral Trust Agreement]

     

    

 

ANNEX A

 

Signature Page to Fifth Amendment
to Second Amended and Restated Credit Agreement and Third Amendment to Second Amended and Restated Collateral Trust Agreement

 

1.       Existing
Revolving Lenders

 

a.       Increasing
Revolving Lenders

 

x
Mark this box to consent as an Increasing Revolving Lender and to make New Tranche A Revolving Commitments and Tranche
B Revolving Commitments to the Borrower on the Amendment Effective Date in an amount not to exceed the amount expressly set forth
on your signature pages hereto as described in the Amendment.

 

Specify the maximum amount of New Tranche
A Revolving Commitments you are requesting (which amount shall be in addition to any Existing Revolving Commitments you have,
and exclusive of such amount of Existing Revolving Commitments): $22,620,000.00

 

Specify the maximum amount of Tranche
B Revolving Commitments you are requesting: $15,080,000.00

 

By executing this Amendment, the undersigned
consents to this Amendment, the Amended Credit Agreement and the Amended Collateral Trust Agreement.

 

	Please enter the information of a contact for any questions
        on this signature page:

         

        Name: Justin Painter

         

        Tel: 646-574-4225

         

        Email: Justin.painter@rbccm.com

         

         
	ROYAL BANK OF CANADA

         

        By: /s/ Justin
        Painter                                                      

        Name: Justin Painter

        Title:Authorized Signatory

         

         

         

 

    [Signature Page to Fifth Amendment to Second Amended and Restated Credit Agreement and Third Amendment to Second Amended and Restated Collateral Trust Agreement]

     

    

 

ANNEX A

 

Signature Page to Fifth Amendment
to Second Amended and Restated Credit Agreement and Third Amendment to Second Amended and Restated Collateral Trust Agreement

 

1.       Existing
Revolving Lenders

 

a.       Increasing
Revolving Lenders

 

x
Mark this box to consent as an Increasing Revolving Lender and to make New Tranche A Revolving Commitments and Tranche
B Revolving Commitments to the Borrower on the Amendment Effective Date in an amount not to exceed the amount expressly set forth
on your signature pages hereto as described in the Amendment.

 

Specify the maximum amount of New Tranche
A Revolving Commitments you are requesting (which amount shall be in addition to any Existing Revolving Commitments you have,
and exclusive of such amount of Existing Revolving Commitments): $22,620,000.00

 

Specify the maximum amount of Tranche
B Revolving Commitments you are requesting: $15,080,000.00

 

By executing this Amendment, the undersigned
consents to this Amendment, the Amended Credit Agreement and the Amended Collateral Trust Agreement.

 

	Please enter the information of a contact for any questions
        on this signature page:

         

        Name: Katie Lee

         

        Tel: (212) 224-4088

         

        Email: Klee@smbc-LF.com

         

         
	SUMITOMO MITSUI BANKING CORPORATION

         

        By: /s/ Katie
        Lee                                                             

        Name: Katie Lee

        Title:Director

         

         

         

 

    [Signature Page to Fifth Amendment to Second Amended and Restated Credit Agreement and Third Amendment to Second Amended and Restated Collateral Trust Agreement]

     

    

 

2.       Additional
Revolving Lenders

 

a.       Additional
Tranche A Revolving Lenders

 

x
Mark this box to consent as an Additional Revolving Lender and to make New Tranche A Revolving Commitments and Tranche
B Revolving Commitments to the Borrower on the Amendment Effective Date in an amount not to exceed the amount expressly set forth
on your signature pages hereto as described in the Amendment.

 

Specify the maximum amount of New Tranche
A Revolving Commitments you are requesting: $194,920,000.00

 

Specify the maximum amount of Tranche
B Revolving Commitments you are requesting: $15,080,000.00

 

By executing this Amendment, the undersigned
consents to this Amendment, the Amended Credit Agreement and the Amended Collateral Trust Agreement.

 

	Please enter the information of a contact for any questions
        on this signature page:

         

        Name: Edwin Stone

         

        Tel: 917-921-9043

         

        Email: edwin.stone@mizuhogroup.com

         

         
	MIZUHO BANK, LTD.

         

        By: /s/ Edward
        Sacks                                                     

        Name: Edward Sacks

        Title:Authorized Signatory

         

        For any Lender requiring a second signature line:

         

        By:                                                                                     

        Name:

        Title:

         

 

    [Signature Page to Fifth Amendment to Second Amended and Restated Credit Agreement and Third Amendment to Second Amended and Restated Collateral Trust Agreement]

     

    

 

2.       Additional
Revolving Lenders

 

a.       Additional
Tranche A Revolving Lenders

 

x
Mark this box to consent as an Additional Revolving Lender and to make New Tranche A Revolving Commitments and Tranche
B Revolving Commitments to the Borrower on the Amendment Effective Date in an amount not to exceed the amount expressly set forth
on your signature pages hereto as described in the Amendment.

 

Specify the maximum amount of New Tranche
A Revolving Commitments you are requesting:

 

$194.92 million.

 

Specify the maximum amount of Tranche
B Revolving Commitments you are requesting:

 

$15.08 million.

 

By executing this Amendment, the undersigned
consents to this Amendment, the Amended Credit Agreement and the Amended Collateral Trust Agreement.

 

	Please enter the information of a contact for any questions
        on this signature page:

         

        Name: John Kovarik

         

        Tel: 832-297-8785

         

        Email: john.kovarik@suntrust.com

         

         
	Truist Bank
         

        By: /s/ John
        Kovarik                                                      

        Name: John Kovarik

        Title:Director

         

        For any Lender requiring a second signature line:

         

        By:                                                                                     

        Name:

        Title:

         

 

     

     

    

 

EXHIBIT A-2

 

AMENDED CREDIT AGREEMENT (CLEAN VERSION)

 

[Please
see attached.]

 

     

     

    

 

 

 

SECOND AMENDED AND RESTATED CREDIT AGREEMENT

 

dated as of June 30, 2016

 

among

 

NRG ENERGY, INC.,

as Borrower,

 

THE LENDERS PARTY HERETO,

 

CITIGROUP GLOBAL MARKETS INC., MORGAN STANLEY
SENIOR FUNDING, INC., BARCLAYS BANK PLC, CREDIT AGRICOLE CORPORATE AND INVESTMENT BANK, CREDIT SUISSE SECURITIES (USA) LLC, DEUTSCHE
BANK SECURITIES INC., GOLDMAN SACHS BANK USA, JPMORGAN CHASE BANK, N.A., MUFG BANK, LTD., ROYAL BANK OF CANADA, SUMITOMO MITSUI
BANKING CORPORATION, BNP PARIBAS, DNB CAPITAL ASA, ING CAPITAL LLC, NATIXIS, NEW YORK BRANCH and BANK OF MONTREAL

as Joint Lead Arrangers and Joint Lead Bookrunners,

 

CITICORP NORTH AMERICA, INC.,

as Administrative Agent and Collateral Agent,

 

COMMERZBANK AG, NEW YORK BRANCH, KEYBANK
CAPITAL MARKETS INC. and

CIT BANK, N.A.

as Co-Managers

 

and

 

BNP PARIBAS,

as Sustainability Structuring Agent

 

as amended through August 20, 2020

 

 

 

     

     

    

 

TABLE OF CONTENTS

Page

 

	ARTICLE I.

                                                

                                               Definitions

	 
	SECTION 1.01.   Defined Terms	3
	SECTION 1.02.   Terms Generally	66
	SECTION 1.03.   Classification of Loans and Borrowings	67
	SECTION 1.04.   Exchange Rates and Conversion of Foreign Currencies	67
	SECTION 1.05.   Limited Condition Transactions	67
	SECTION 1.06.   Divisions	68
	 	 
	ARTICLE II.

                                                

                                               The Credits

	 
	SECTION 2.01.   Commitments	69
	SECTION 2.02.   Loans	69
	SECTION 2.03.   Borrowing Procedure	72
	SECTION 2.04.   Repayment of Loans; Evidence of Debt	72
	SECTION 2.05.   Fees	73
	SECTION 2.06.   Interest on Loans	74
	SECTION 2.07.   Default Interest	75
	SECTION 2.08.   Alternate Rate of Interest	75
	SECTION 2.09.   Termination and Reduction of Commitments	76
	SECTION 2.10.   Conversion and Continuation of Borrowings	77
	SECTION 2.11.   Repayment of Term Loans, New Term Loans and Refinancing Term Loans	79
	SECTION 2.12.   Prepayment	79
	SECTION 2.13.   Mandatory Prepayments	83
	SECTION 2.14.   Reserve Requirements; Change in Circumstances	85
	SECTION 2.15.   Change in Legality	86
	SECTION 2.16.   Indemnity	87
	SECTION 2.17.   Pro Rata Treatment	87
	SECTION 2.18.   Sharing of Setoffs	88
	SECTION 2.19.   Payments	88
	SECTION 2.20.   Taxes	89
	SECTION 2.21.   Assignment of Commitments Under Certain Circumstances; Duty to Mitigate	91
	SECTION 2.22.   Swingline Loans	93
	SECTION 2.23.   Letters of Credit	94
	SECTION 2.24.   Incremental Facilities	100
	SECTION 2.25.   Incremental Refinancing Facilities	103
	SECTION 2.26.   Defaulting Lenders	105

 

    i

     

    

 

	ARTICLE III.

                                                

                                               Representations and Warranties

	 
	SECTION 3.01.   Organization; Powers	107
	SECTION 3.02.   Authorization; No Conflicts	107
	SECTION 3.03.   Enforceability	107
	SECTION 3.04.   Governmental Approvals	108
	SECTION 3.05.   Financial Statements	108
	SECTION 3.06.   No Material Adverse Effect	108
	SECTION 3.07.   Title to Properties; Possession Under Leases	108
	SECTION 3.08.   Subsidiaries	109
	SECTION 3.09.   Litigation; Compliance with Laws	109
	SECTION 3.10.   Agreements	109
	SECTION 3.11.   Federal Reserve Regulations	109
	SECTION 3.12.   Investment Company Act	110
	SECTION 3.13.   Use of Proceeds	110
	SECTION 3.14.   Tax Returns	110
	SECTION 3.15.   No Material Misstatements	111
	SECTION 3.16.   Employee Benefit Plans	111
	SECTION 3.17.   Environmental Matters	111
	SECTION 3.18.   Insurance	112
	SECTION 3.19.   Security Documents	112
	SECTION 3.20.   Location of Real Property	113
	SECTION 3.21.   Labor Matters	114
	SECTION 3.22.   Intellectual Property	114
	SECTION 3.23.   Energy Regulation	114
	SECTION 3.24.   Solvency	115
	SECTION 3.25.   Liabilities and Obligations of Funded L/C SPV	116
	SECTION 3.26.   Anti-Terrorism Laws	116
	SECTION 3.27.   Anti-Corruption Laws and Sanctions	116
	 	 
	 	 
	ARTICLE IV.

                                                

                                               Conditions of Lending

	 
	SECTION 4.01.   All Credit Events	116
	SECTION 4.02.   Conditions Precedent to the Closing Date	117
	 	 
	ARTICLE V.

                                                

                                               Affirmative Covenants

	 
	SECTION 5.01.   Corporate Existence	117
	SECTION 5.02.   Insurance	118
	SECTION 5.03.   Taxes	118
	SECTION 5.04.   Financial Statements, Reports, etc.	118
	SECTION 5.05.   Litigation and Other Notices	120
	SECTION 5.06.   Information Regarding Collateral	120
	SECTION 5.07.   Maintaining Records; Access to Properties and Inspections; Environmental Assessments	121

 

    ii

     

    

 

	SECTION 5.08.   Use of Proceeds	122
	SECTION 5.09.   Additional Collateral, etc.	122
	SECTION 5.10.   Further Assurances	125
	SECTION 5.11.   Ownership of Funded L/C SPV	125
	SECTION 5.12.   Maintenance of Energy Regulatory Authorizations and Status	125
	 	 
	ARTICLE VI.

                                                

                                               Negative Covenants

	 
	SECTION 6.01.   Incurrence of Indebtedness and Issuance of Preferred Stock	126
	SECTION 6.02.   Liens	131
	SECTION 6.03.   Limitation on Sale and Leaseback Transactions	131
	SECTION 6.04.   Asset Sales	131
	SECTION 6.05.   Dividend and Other Payment Restrictions Affecting Subsidiaries	134
	SECTION 6.06.   Restricted Payments	136
	SECTION 6.07.   Transactions with Affiliates	139
	SECTION 6.08.   Merger, Consolidation or Sale of Assets	141
	SECTION 6.09.   Limitations on Funded L/C SPV	142
	SECTION 6.10.   Designation of Restricted, Unrestricted and Excluded Project Subsidiaries	143
	SECTION 6.11.   Consolidated Interest Coverage Ratio	144
	SECTION 6.12.   Leverage Ratio	144
	SECTION 6.13.   Fiscal Year	144
	SECTION 6.14.   Use of Proceeds	144
	 	 
	ARTICLE VII.

                                                

                                               Events of Default

	 
	ARTICLE VIII.

                                                

                                               The Agents, the Arrangers and the Lenders

	 
	ARTICLE IX.

                                                

                                               Miscellaneous

	 
	SECTION 9.01.   Notices	152
	SECTION 9.02.   Survival of Agreement	154
	SECTION 9.03.   Binding Effect	155
	SECTION 9.04.   Successors and Assigns	155
	SECTION 9.05.   Expenses; Indemnity	160
	SECTION 9.06.   Right of Setoff	161
	SECTION 9.07.   Applicable Law	161
	SECTION 9.08.   Waivers; Amendment; Replacement of Non-Consenting Lenders	162
	SECTION 9.09.   Interest Rate Limitation	164
	SECTION 9.10.   Entire Agreement	164
	SECTION 9.11.   WAIVER OF JURY TRIAL	164
	SECTION 9.12.   Severability	165
	SECTION 9.13.   Counterparts	165

 

    iii

     

    

 

	SECTION 9.14.   Headings	165
	SECTION 9.15.   Jurisdiction; Consent to Service of Process	165
	SECTION 9.16.   Confidentiality	166
	SECTION 9.17.   Mortgage Modifications	167
	SECTION 9.18.   Effect of Amendment and Restatement	167
	SECTION 9.19.   Permitted Amendments	168
	SECTION 9.20.   Certain Undertakings with Respect to Securitization Vehicles	169
	SECTION 9.21.   Undertaking Regarding Bankruptcy or Similar Proceeding against Funded L/C SPV	169
	SECTION 9.22.   PATRIOT Act	170
	SECTION 9.23.   No Fiduciary Duty	170
	SECTION 9.24.   Acknowledgment and Consent to Bail-In of Affected Financial Institutions	171
	SECTION 9.25.   Release and Reinstatement of Collateral	171
	SECTION 9.26.   Acknowledgement Regarding Any Supported QFCs	172
	SECTION 9.27.   Judgment Currency	173

 

	Exhibits and Schedules	 
	 	 
	Exhibit A	Form of Administrative Questionnaire
	Exhibit B	Form of Assignment and Assumption
	Exhibit C	Form of Borrowing Request
	Exhibit D	Form of Joinder Agreement
	Exhibit E	Form of Mortgage
	Exhibit F	Form of Revolving Note
	Exhibit G	Form of Term Note
	Exhibit H	Form of Prepayment Notice
	Exhibit I	Form of Discounted Purchase Option Notice
	Exhibit J	Form of Lender Participation Notice
	Exhibit K	Form of Discounted Voluntary Purchase Notice
	Exhibit L	Form of Asset Sale Offer Notice
	Exhibit M	Form of Non-Bank Certificate

 

	Schedule 1.01(a)	Excluded Foreign Subsidiaries
	Schedule 1.01(b)	Excluded Project Subsidiaries
	Schedule 1.01(c)	Existing Commodity Hedging Agreements
	Schedule 1.01(d)	Mortgaged Properties
	Schedule 1.01(e)	Revolving Commitments
	Schedule 1.01(f)	Subsidiary Guarantors
	Schedule 1.01(g)	Term Commitments
	Schedule 1.01(h)	Unrestricted Subsidiaries
	Schedule 2.23(a)	Existing Letters of Credit
	Schedule 2.23(b)	Letter of Credit Commitments
	Schedule 3.07	Properties
	Schedule 3.08	Subsidiaries
	Schedule 3.09	Litigation
	Schedule 3.17	Environmental Matters
	Schedule 3.18	Insurance

 

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	Schedule 3.19(a)	UCC Filing Offices
	Schedule 3.19(c)	Mortgage Filing Offices
	Schedule 3.20	Owned and Leased Real Property
	Schedule 3.23(b)	Rate Proceedings
	Schedule 3.23(d)	FERC Matters
	Schedule 3.23(g)	Regulatory Status
	Schedule 5.09(b)	Title Insurance and Survey Requirements
	Schedule 6.01	Existing Indebtedness
	Schedule 6.02	Existing Liens
	Schedule 6.03	Sale and Leaseback Transactions

 

    v

     

    

 

 

 

SECOND AMENDED AND
RESTATED CREDIT AGREEMENT, dated as of June 30, 2016, among NRG ENERGY, INC., a Delaware corporation (the “Borrower”),
the LENDERS from time to time party hereto (the “Lenders”), CITICORP NORTH AMERICA, INC. (together with its
Affiliates, “CNA”), as administrative agent (in such capacity and together with its successors, the “Administrative
Agent”), collateral agent (in such capacity and together with its successors, the “Collateral Agent”),
an Issuing Bank and Swingline Lender, BANK OF AMERICA, N.A. (together with its Affiliates, “BANA”), as an Issuing
Bank, BARCLAYS BANK PLC (together with its Affiliates, “Barclays”), as an Issuing Bank, BNP PARIBAS (together
with its Affiliates, “BNPP”), as an Issuing Bank, CREDIT SUISSE AG, CAYMAN ISLANDS BRANCH (together with its
Affiliates, “CS”), as an Issuing Bank, DEUTSCHE BANK AG NEW YORK BRANCH (together with its Affiliates, “DB”),
as an Issuing Bank, JPMORGAN CHASE BANK, N.A. (together with its Affiliates, “JPM”), as an Issuing Bank, MORGAN
STANLEY BANK, N.A. (together with its Affiliates, “MSB”), as an Issuing Bank and NATIXIS, NEW YORK BRANCH (together
with its Affiliates, “Natixis”), as an Issuing Bank, and BNP PARIBAS, as sustainability structuring agent (in
such capacity and together with its successors, the “Sustainability Structuring Agent”).

 

A.       Immediately
prior to the Closing Date, the Borrower, the lenders party thereto (including certain of the Lenders), Citicorp North America,
Inc., as administrative agent, collateral agent and swingline lender thereunder, and the other financial institutions party thereto
are party to the Amended and Restated Credit Agreement, dated as of July 1, 2011 (as further amended, restated, amended and restated,
supplemented or otherwise modified prior to the Closing Date, the “Existing Credit Agreement”), pursuant to
which the lenders party thereto (including certain of the Lenders) agreed, subject to the terms and conditions thereof, to continue
to extend credit to the Borrower thereunder in the form of (i) Term Loans (as defined in the Existing Credit Agreement) and (ii)
a revolving credit facility (including a letter of credit facility and a swingline loan facility thereunder).

 

B.       It
is understood and agreed that, immediately prior to the Closing Date, the Guaranteed Obligations (as defined in the Existing Credit
Agreement) are guaranteed pursuant to the Existing Guarantee and Collateral Agreement and secured pursuant to the Security Documents
by a legal, valid, binding and enforceable security interest and a fully perfected Lien in favor of the Collateral Trustee (as
defined in the Collateral Trust Agreement), for the ratable benefit of the Secured Parties (as defined in the Existing Credit Agreement),
in the Collateral and the proceeds thereof.

 

C.       The
Borrower has requested that certain of the Lenders (as defined in the Existing Credit Agreement) and the other parties hereto (including
all Lenders) agree, and such Lenders (as defined in the Existing Credit Agreement) and other parties (including all Lenders) have
agreed, subject to the terms and conditions hereof, to continue to extend credit to the Borrower hereunder in the form of (i) Term
Loans re-evidenced on the Closing Date in an aggregate principal amount on the Closing Date equal to $1,900,000,000 and (ii) a
replacement revolving credit facility (including a letter of credit facility and a swingline loan facility thereunder) in an aggregate
principal amount at any time outstanding on the Closing Date not to exceed $2,536,000,000, subject to the limitations set forth
herein.

 

D.       The
Borrower will use the proceeds of the Term Loans on the Closing Date, together with other funds available to it, to (i) re-evidence
in full all Term Loans (as defined in the Existing Credit Agreement) outstanding under the Existing Credit Agreement, on the terms
and subject to the conditions set forth herein, including via the assignment by certain of the Lenders under and as defined in
the Existing Credit Agreement who do not remain Lenders hereunder on the Closing Date to certain of the Lenders hereunder as of
the Closing Date of certain of the Term Loans under and as defined in the Existing Credit Agreement, which shall thereafter be
continued

 

    1

     

    

 

as and be deemed to be a portion of the Term Loans hereunder, and (ii) pay or cause to be paid fees, costs and expenses
incurred in connection with the Transactions in accordance with the terms and conditions of this Agreement. The revolving credit
facility (including the letter of credit facility and the swingline loan facility thereunder) under the Existing Credit Agreement
will, on the terms and subject to the conditions set forth herein, be replaced on the Closing Date with the revolving credit facility
(including the letter of credit facility and swingline loan facility thereunder) under this Agreement in an aggregate principal
amount at any time outstanding on the Closing Date not to exceed $2,536,000,000, subject to the limitations set forth herein.

 

E.       It
is the intent of the parties hereto that (i) this Agreement shall be deemed to be the Credit Agreement (as defined in the Collateral
Trust Agreement) for all purposes under the Collateral Trust Agreement and the other Security Documents and, pursuant and in accordance
with Section 3.8(b) of the Collateral Trust Agreement, all extensions of credit under this Agreement (including issuances of Letters
of Credit) shall constitute extensions of credit under the Credit Agreement (as defined in the Collateral Trust Agreement) for
all purposes under the Collateral Trust Agreement and the other Security Documents and shall be deemed to be incurred (solely for
purposes of Section 3.8(b) of the Collateral Trust Agreement) on February 2, 2006 and no further designation shall be required
to be made so that (a) all extensions of credit under this Agreement (regardless when made or incurred) will be deemed Priority
Lien Debt (as defined in the Collateral Trust Agreement) pursuant to clause (i) of the definition thereof and the Guaranteed Obligations
will be deemed Priority Lien DFBM Obligations (as defined in the Collateral Trust Agreement) and (b) this Agreement and the other
Loan Documents will at all times constitute Priority Lien Documents (as defined in the Collateral Trust Agreement) and (ii) the
Guaranteed Obligations under this Agreement will henceforth be guaranteed pursuant to the Existing Guarantee and Collateral Agreement
and the Guarantee and Collateral Agreement and secured pursuant to the Security Documents by a legal, valid, binding and enforceable
security interest and a fully perfected Lien in favor of the Collateral Trustee (as defined in the Collateral Trust Agreement),
for the ratable benefit of the Secured Parties, in the Collateral and the proceeds thereof.

 

F.       In
addition, the Borrower has requested that, on the Closing Date, (i) the Collateral Trust Agreement be amended to make certain changes
as more fully set forth in the Restatement Agreement and (ii) the Existing Guarantee and Collateral Agreement be amended and restated
in its entirety to make certain changes as more fully set forth in the Guarantee and Collateral Agreement.

 

G.       On
the Fourth Amendment Effective Date, the Borrower repaid all outstanding Term Loans and New Term Loans outstanding on such date
immediately prior to the effectiveness of the Fourth Amendment, together with accrued interest thereon.

 

H.       On
the Fourth Amendment Effective Date, the Revolving Lenders have agreed to extend the Revolving Maturity Date and increase the aggregate
amount of the Revolving Commitments to $2,600,000,000 on the terms and subject to the limitations set forth herein

 

I.       On
the Fifth Amendment Effective Date, (x) the Required Lenders have agreed to effect certain changes to this Agreement as set out
herein, (y) the Tranche A Revolving Lenders have agreed to increase the aggregate amount of the Tranche A Revolving Commitments
to $3,379,100,000 on the terms and subject to the limitations set forth herein and (z) the Tranche B Revolving Lenders have agreed
to establish a new Class of Revolving Loans and to provide Tranche B Revolving Commitments in an aggregate amount of $258,200,000
on the terms and subject to the limitations set forth herein.

 

    2

     

    

 

J.       Accordingly,
in consideration of the mutual agreements contained herein and other good and valuable consideration, the sufficiency and receipt
of which are hereby acknowledged, the parties hereto hereby agree as follows:

 

ARTICLE
I.

Definitions

 

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

 

“2018 Baseline
Sustainability Report” shall mean the sustainability report of the Borrower setting forth each KPI Metric as of December
31, 2018.

 

“ABR”,
when used in reference to any Loan or Borrowing, shall refer to whether such Loan, or the Loans comprising such Borrowing, are
bearing interest at a rate determined by reference to the Alternate Base Rate.

 

“Acceptable
Price” shall have the meaning assigned to such term in Section 2.12(e)(iii).

 

“Acceptance
Date” shall have the meaning assigned to such term in Section 2.12(e)(ii).

 

“Accepting
Lenders” shall have the meaning assigned to such term in Section 9.19(b).

 

“Accepting
Tranche B Revolving Lenders” shall have the meaning assigned to such term in Section 9.19(a).

 

“Account”
shall have the meaning assigned to such term in the UCC.

 

“Acquired
Debt” shall mean, with respect to any specified Person, (a) Indebtedness of any other Person or asset existing at the
time such other Person or asset is merged with or into, is acquired by, or became a Subsidiary of such specified Person, as the
case may be, whether or not such Indebtedness is incurred in connection with, or in contemplation of, such other Person merging
with or into, or becoming a Restricted Subsidiary of, such specified Person and (b) Indebtedness secured by a Lien encumbering
any asset acquired by such specified Person.

 

“Additional
Senior Notes” shall mean senior notes issued by the Borrower after the Closing Date in compliance with this Agreement
having substantially the same terms in all material respects (other than pricing and maturity) as the Senior Notes or terms more
favorable to the Borrower.

 

“Additional
Senior Notes Documents” shall mean the indentures under which the Additional Senior Notes are issued and all other instruments,
agreements and other documents evidencing or governing the Additional Senior Notes or providing for any Guarantee or other right
in respect thereof, in each case as the same may be amended or supplemented from time to time in accordance with the terms hereof
and thereof.

 

“Adjusted
LIBO Rate” shall mean, with respect to any Eurodollar Borrowing for any Interest Period, (x) for any amounts denominated
in dollars, an interest rate per annum equal to the product of (a) the LIBO Rate in effect for such Interest Period and (b) Statutory
Reserves and (y) for any amounts denominated in Canadian Dollars, the CDOR Rate in effect for such Interest Period; provided
that at no time shall the Adjusted LIBO Rate be less than zero for purposes of this Agreement.

 

    3

     

    

 

“Administrative
Agent” shall have the meaning assigned to such term in the preamble.

 

“Administrative
Agent Fees” shall have the meaning assigned to such term in Section 2.05(b).

 

“Administrative
Questionnaire” shall mean an Administrative Questionnaire substantially in the form of Exhibit A, or such other
similar form as may be supplied from time to time by the Administrative Agent.

 

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

 

“Affiliate”
of any specified Person shall mean any other Person directly or indirectly controlling or controlled by or under direct or indirect
common control with such specified Person. For purposes of this definition, “control,” as used with respect to any
Person, means the possession, directly or indirectly, of the power to direct or cause the direction of the management or policies
of such Person, whether through the ownership of voting securities, by agreement or otherwise; provided that beneficial
ownership of 10% or more of the Voting Stock of a Person will be deemed to be control. For purposes of this definition, the terms
“controlling,” “controlled by” and “under common control with” have correlative meanings.

 

“Affiliate
Transaction” shall have the meaning assigned to such term in Section 6.07.

 

“Agents”
shall have the meaning assigned to such term in Article VIII.

 

“Aggregate
Revolving Exposure” shall mean the aggregate amount of the Lenders’ Revolving Exposures.

 

“Agreement”
shall mean this Second Amended and Restated Credit Agreement, as amended, restated, amended and restated, supplemented or otherwise
modified and in effect from time to time.

 

“AHYDO Catch-Up
Payment” shall mean any payment with respect to any obligations of the Borrower or any Restricted Subsidiary, including
subordinated debt obligations, in each case to the extent such payment is necessary to avoid the application of Section 163(e)(5)
of the Tax Code.

 

“Alternate
Base Rate” shall mean, for any day, a rate per annum (rounded upwards, if necessary, to the next 1/100 of 1%) equal to
the greatest of (a) the Prime Rate in effect on such day, (b) the Federal Funds Effective Rate in effect on such day plus
1/2 of 1.00% and (c) the Adjusted LIBO Rate for an interest period of one month beginning on such day (determined as if the relevant
ABR Borrowing were a Eurodollar Borrowing) plus 1.00%; provided that at no time shall the Alternate Base Rate determined
pursuant to clause (c) above be less than 1.00% for purposes of this Agreement.

 

“Alternative
Currency” shall mean, with respect to Revolving Loans or Letters of Credit, Canadian Dollars.

 

“Anti-Corruption
Laws” shall mean the United States Foreign Corrupt Practices Act of 1977, as amended, the UK Bribery Act 2010 and, to
the extent applicable, other similar legislation in any other jurisdictions.

 

“Anti-Terrorism
Laws” shall mean (i) the Trading with the Enemy Act, as amended, and each of the foreign assets control regulations of
the United States Treasury Department (31 C.F.R.,

 

    4

     

    

 

Subtitle B, Chapter V, as amended) and any other enabling legislation or executive
order relating thereto and (ii) the PATRIOT Act.

 

“Applicable
Discount” shall have the meaning assigned to such term in Section 2.12(e)(iii).

 

“Applicable
Laws” shall mean, as to any Person, any ordinance, law, treaty, rule or regulation, or any determination, ruling or other
directive by or from an arbitrator or a court or other Governmental Authority, including ERCOT, in each case, applicable to or
binding on such Person or any of its property or assets or to which such Person or any of its property or assets is subject.

 

“Applicable
Margin” shall mean, for any day, a rate per annum equal to (a) with respect to ABR Revolving Loans and Canadian Base
Rate Loans, 0.75% and (b) with respect to Eurodollar Revolving Loans, 1.75%.

 

Following the date
on which the Borrower provides a Pricing Certificate pursuant to Section 5.04(e) for the fiscal year ending December 31, 2019,
the Applicable Margin for ABR Revolving Loans and Eurodollar Revolving Loans may be increased or decreased pursuant to the Applicable
Sustainability Adjustment as in effect from time to time. For purposes of the foregoing, (a) the Applicable Sustainability Adjustment
shall be determined as of the Business Day following receipt by the Administrative Agent of a Pricing Certificate delivered in
accordance with Section 5.04(e), based upon the KPI Metrics set forth in the Pricing Certificate and the Applicable Sustainability
Adjustment calculations therein (such day, the “Sustainability Pricing Adjustment Date”) and (b) each change
in the Applicable Margin for ABR Revolving Loans and Eurodollar Revolving Loans resulting from a Pricing Certificate shall be effective
during the period commencing on and including the applicable Sustainability Pricing Adjustment Date and ending on the date immediately
preceding the next such Sustainability Pricing Adjustment Date (or, in the case of non-delivery of a Pricing Certificate, the last
day such Pricing Certificate should have been delivered).

 

“Applicable
Sustainability Adjustment” shall mean, for any fiscal year (commencing with the fiscal year ending December 31, 2019),
with reference to the reported values of the KPI Metrics in the Pricing Certificate delivered for the end of the most recent previously
ended fiscal year:

 

	KPI Metrics 	Change in Applicable Margin for ABR

 Revolving Loans and Eurodollar Revolving 

Loans
	If both KPI Metrics are ≥ 110% of the applicable Baseline Sustainability Amount  	0.030% increase
	If both KPI Metrics are ≤ 90% of the applicable Baseline Sustainability Amount  	0.030% decrease
	If one KPI Metric is ≥ 110%, and the other KPI Metric is < 110% but > 90%, of the applicable Baseline Sustainability Amount  	0.015% increase
	If one KPI Metric is ≤ 90%, and the other KPI Metric is < 110% but > 90%, of the applicable Baseline Sustainability Amount  	0.015% decrease
	If both KPI Metrics are < 110% but > 90% of the applicable Baseline Sustainability Amount  	No change

 

    5

     

    

 

	If one KPI Metric is ≥ 110%, and the other KPI Metric is < 90%, of the applicable Baseline Sustainability Amount	No change

 

;
provided that, in the event the Borrower fails to timely deliver a Pricing Certificate in accordance with Section 5.04(e),
the Applicable Sustainability Adjustment shall be a 0.030% increase in the Applicable Margin for ABR Revolving Loans and Eurodollar
Revolving Loans until the delivery of such Pricing Certificate (and commencing on the Business Day following such delivery, such
0.030% increase shall be rescinded and the Applicable Sustainability Adjustment shall be determined based upon the KPI Metrics
set forth in such Pricing Certificate); provided further that, during such period, if the Borrower determines in good faith
that it is not possible to calculate either KPI Metric for any fiscal year for whatever reason, the Administrative Agent (acting
on the instructions of the Revolving Lenders entitled to vote in connection therewith pursuant to Section 9.08) and the Borrower
will negotiate in good faith to agree on the selection of an alternative measure that is customarily applied by Persons carrying
out similar businesses or being subject to similar environmental incentives and, if after 20 Business Days, the Borrower and the
Administrative Agent (acting on the instructions of the Revolving Lenders entitled to vote in connection therewith pursuant to
Section 9.08) are unable to agree on the selection of such alternative measure, the Applicable Margin applicable to each Type of
Loan shall apply without any increase or decrease (and if such increase or decrease was already applied at that point in time,
it will then be discontinued as of the end of such 20 Business Day period).

 

If (a) the Borrower or the Revolving Lenders
become aware of any material inaccuracy in the Applicable Sustainability Adjustment or the KPI Metrics as reported on the applicable
Pricing Certificate or (b) the Borrower and the Revolving Lenders agree that the Applicable Sustainability Adjustment or KPI Metrics
as calculated by the Borrower at the time of delivery of the relevant Pricing Certificate was inaccurate, and in each case, a proper
calculation of the Applicable Sustainability Adjustment or the KPI Metrics would have resulted in an increase in the Applicable
Margin for ABR Revolving Loans and Eurodollar Revolving Loans for such period, the Borrower shall immediately and retroactively
be obligated to pay to the Administrative Agent for the account of the Revolving Lenders, promptly on demand by the Administrative
Agent (or, after the occurrence of an actual or deemed entry of an order for relief with respect to the Borrower under the Bankruptcy
Law, automatically and without further action by the Administrative Agent or any Revolving Lender), an amount equal to the excess
of the amount of interest and fees that should have been paid for such period over the amount of interest and fees actually paid
for such period.

 

“Approved
Electronic Communications” shall mean each Communication that any Loan Party is obligated to, or otherwise chooses to,
provide to the Administrative Agent pursuant to any Loan Document or the transactions contemplated therein, including any financial
statement, financial and other report, notice, request, certificate and other information material; provided, however,
that, solely with respect to delivery of any such Communication by any Loan Party to the Administrative Agent and without limiting
or otherwise affecting either the Administrative Agent’s right to effect delivery of such Communication by posting such Communication
to the Approved Electronic Platform or the protections afforded hereby to the Administrative Agent in connection with any such
posting, “Approved Electronic Communication” shall exclude (i) any Borrowing Request, Letter of Credit notice
(other than as expressly set forth in Section 2.23(b)), Swingline Loan notice, notice of conversion or continuation, and any other
notice, demand, communication, information, document and other material relating to a request for a new, or a conversion of an
existing, Borrowing, (ii) any notice pursuant to Sections 2.12 and 2.13 and any other notice relating to the payment of any
principal or other amount due under any Loan Document prior to the scheduled date therefor, (iii) all notices of any Default
or Event of Default and (iv) any notice,

 

    6

     

    

 

demand, communication, information, document and other material required to be delivered
to satisfy any of the conditions set forth in Article IV or any other condition to any Borrowing or other extension of credit hereunder
or any condition precedent to the effectiveness of this Agreement.

 

“Approved
Electronic Platform” shall have the meaning assigned to such term in Section 9.01(d).

 

“Arrangers”
shall mean Citigroup Global Markets Inc., Morgan Stanley Senior Funding, Inc., Barclays Bank PLC, Credit Agricole Corporate and
Investment Bank, Credit Suisse Securities (USA) LLC, Deutsche Bank Securities Inc., Goldman Sachs Bank USA, JPMorgan Chase Bank,
N.A., MUFG Bank, Ltd. formerly known as The Bank of Tokyo-Mitsubishi UFJ, Ltd., Royal Bank of Canada, Sumitomo Mitsui Banking Corporation,
BNP Paribas, DNB Capital ASA, ING Capital LLC, Natixis, New York Branch and Bank of Montreal.

 

“Asset Sale”
shall mean (a) the sale, lease (other than an operating lease), conveyance or other disposition of any assets or rights; provided
that the sale, conveyance or other disposition of all or substantially all of the assets of the Borrower and its Restricted Subsidiaries,
taken as a whole, shall be governed by the provisions of this Agreement described under Section 6.08 and not by the provisions
of Section 6.04 and (b) the issuance of Equity Interests in any of the Borrower’s Restricted Subsidiaries or the sale of
Equity Interests in any of its Subsidiaries.

 

Notwithstanding the
preceding, none of the following items will be deemed to be an Asset Sale: (i) any single transaction or series of related transactions
for which the Borrower or its Restricted Subsidiaries receive aggregate consideration of less than $100,000,000; (ii) a transfer
of assets or Equity Interests between or among the Borrower and its Restricted Subsidiaries and/or between Restricted Subsidiaries;
(iii) an issuance of Equity Interests by a Restricted Subsidiary to the Borrower or to a Restricted Subsidiary; (iv) the sale or
lease of products or services (including power, capacity, energy, ancillary services, and other products or services, or the sale
of any other inventory or contracts related to any of the foregoing (in each case, whether in physical, financial or any other
form), or fuel or emission credits) and any sale or other disposition of damaged, worn-out or obsolete assets; (v) the sale or
discount, in each case without recourse, of accounts receivable, but only in connection with the compromise or collection thereof;
(vi) the licensing of intellectual property; (vii) the sale, lease, conveyance or other disposition for value of energy, fuel or
emission credits or contracts for any of the foregoing; (viii) the sale or other disposition of cash or Cash Equivalents; (ix)
a Restricted Payment that does not violate Section 6.06 or a Permitted Investment; (x) to the extent allowable under Section 1031
of the Tax Code, any exchange of like property (excluding any “boot” thereon) for use in a Permitted Business; (xi)
a disposition of assets in connection with a foreclosure, transfer or deed in lieu of foreclosure or other exercise of remedial
action; (xii) any sale and leaseback transaction that is a Permitted Tax Lease; and (xiii) any disposition of Securitization Assets
or Seller’s Retained Interest for Fair Market Value in connection with any Permitted Securitization Indebtedness, provided
that the Permitted Securitization Indebtedness issued or incurred in connection therewith is permitted by Section 6.01(b)(xxi).

 

“Asset Sale
Offer” shall have the meaning assigned to such term in Section 6.04(e).

 

“Assignment
and Assumption” shall mean an assignment and assumption entered into by a Lender and an assignee (with the consent of
any Person whose consent is required by Section 9.04), substantially in the form of Exhibit B or such other similar
form as shall be approved by the Administrative Agent.

 

    7

     

    

 

“Attributable
Debt” in respect of a sale and leaseback transaction shall mean, at the time of determination, the present value of the
obligation of the lessee for net rental payments during the remaining term of the lease included in such sale and leaseback transaction,
including any period for which such lease has been extended or may, at the option of the lessor, be extended. Such present value
shall be calculated using a discount rate equal to the rate of interest implicit in such transaction, determined in accordance
with GAAP; provided, however, that if such sale and leaseback transaction results in a Capital Lease Obligation,
the amount of Indebtedness represented thereby will be determined in accordance with the definition of “Capital Lease Obligation.”

 

“BANA”
shall have the meaning assigned to such term in the preamble.

 

“Barclays”
shall have the meaning assigned to such term in the preamble.

 

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

 

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

 

“Bankruptcy
Law” shall mean Title 11 of the United States Code, 11 U.S.C. §§ 101, et seq., as amended from time
to time, or any similar federal or state or other law for the relief of debtors.

 

“Baseline
Sustainability Amount” shall mean (a) in the case of the Greenhouse Gas Emission Amount, (i) 46 million mTCO2e
(as contained in the 2018 Baseline Sustainability Report) or (ii) if applicable, the most recent Pro Forma Greenhouse Gas Emission
Amount as certified by the Borrower pursuant to Section 5.04(e), and (b) in the case of the Revenue Carbon Intensity, 4,628
mTCO2e/$M (as contained in the 2018 Baseline Sustainability Report). For the avoidance of doubt, the Borrower is under no
obligation to update the Pro Forma Greenhouse Gas Emission Amount between the delivery of annual Pricing Certificates pursuant
to Section 5.04(e) and is under no obligation to advise of changes to the Baseline Sustainability Amount as a result of a business
change throughout the year.

 

“Beneficial
Owner” shall have the meaning assigned to such term in Rule 13d-3 and Rule 13d-5 under the Exchange Act. The terms “Beneficially
Owns” and “Beneficially Owned” have a corresponding meaning.

 

“Benefit Plan”
shall mean any employee pension benefit plan (other than a Multiemployer Plan) subject to the provisions of Title IV of ERISA
or Section 412 of the Tax Code or Section 302 of ERISA, and which is maintained, sponsored or contributed to by the Borrower
or any ERISA Affiliate or with respect to which the Borrower otherwise has any liability.

 

“BHC Act Affiliate”
of a party shall mean an “affiliate” (as such term is defined under, and interpreted in accordance with, 12 U.S.C.
1841(k)) of such party.

 

    8

     

    

 

“BNPP”
shall have the meaning assigned to such term in the preamble.

 

“Board”
shall mean the Board of Governors of the Federal Reserve System of the United States of America.

 

“Board of
Directors” shall mean (a) with respect to a corporation, the board of directors of the corporation or any committee thereof
duly authorized to act on behalf of such board; (b) with respect to a partnership, the board of directors of the general partner
of the partnership; (c) with respect to a limited liability company, the managing member or members or any controlling committee
of managing members thereof; and (d) with respect to any other Person, the board or committee of such Person serving a similar
function.

 

“Borrower”
shall have the meaning assigned to such term in the preamble.

 

“Borrowing”
shall mean (a) Loans of the same Class and Type made, converted or continued on the same date and, in the case of Eurodollar Loans,
as to which a single Interest Period is in effect (it being understood that on an and after the Dragon Acquisition Closing Date,
Revolving Loans made under the Tranche A Revolving Commitments and the Tranche B Revolving Commitments shall be deemed Loans of
the same “Borrowing” for purposes hereof), or (b) a Swingline Loan.

 

“Borrowing
Request” shall mean a request by the Borrower in accordance with the terms of Section 2.03 and substantially in
the form of Exhibit C.

 

“Breakage
Event” shall have the meaning assigned to such term in Section 2.16.

 

“Business
Day” shall mean any day other than a Saturday, Sunday or day on which commercial banks in New York City are authorized
or required by law to close; provided, however, that, when used in connection with a Eurodollar Loan (including with
respect to all notices and determinations in connection therewith and any payments of principal, interest or other amounts thereon),
the term “Business Day” shall also exclude (i) in the case of any Eurodollar Loan denominated in dollars, any
day on which banks are not open for dealings in dollar deposits in the London interbank market and (ii) in the case of any Eurodollar
Loan denominated in Canadian Dollars, any day on which commercial banks in Toronto, Ontario are authorized or required by law to
close.

 

“Canadian
Base Rate” shall mean, for any day, the annual rate of interest equal to the greater of (a) the annual rate of interest
announced by Citibank, N.A. in effect as its prime rate on such day for determining interest rates on Canadian Dollar denominated
commercial loans in Canada and commonly known as “prime rate”, and (b) the annual rate of interest equal to the sum
of (A) the one-month CDOR Rate in effect on such day (determined as if the relevant Canadian Base Rate Borrowing were a Eurodollar
Borrowing denominated in Canadian Dollars) and (B) 1.00%, with any such rate to be adjusted automatically, without notice, as of
the opening of business on the effective date of any change in such rate; provided that at no time shall the Canadian Base
Rate determined pursuant to clause (b) above be less than 1.00% for purposes of this Agreement.

 

“Canadian
Base Rate Loan” shall mean Revolving Loans or Swingline Loans bearing interest at a rate by reference to the Canadian
Base Rate.

 

“Canadian
Dollars” or “C$” refers to the lawful money of Canada.

 

    9

     

    

 

“Capital Lease
Obligation” shall mean, at the time any determination is to be made, the amount of the liability in respect of a capital
lease that would at that time be required to be capitalized on a balance sheet in accordance with GAAP, and the Stated Maturity
thereof shall be the date of the last payment of rent or any other amount due under such lease prior to the first date upon which
such lease may be prepaid by the lessee without payment of a penalty.

 

“Capital Stock”
shall mean (a) in the case of a corporation, corporate stock; (b) in the case of an association or business entity, any and all
shares, interests, participations, rights or other equivalents (however designated) of corporate stock; (c) in the case of a partnership
or limited liability company, partnership interests (whether general or limited) or membership interests; and (d) any other interest
or participation that confers on a Person the right to receive a share of the profits and losses of, or distributions of assets
of, the issuing Person, but excluding from all of the foregoing any debt securities convertible into Capital Stock, whether or
not such debt securities include any right of participation with Capital Stock.

 

“Cash Collateralized
Letter of Credit Facilities” shall mean one or more cash collateralized letter of credit facilities provided by one or
more LC Issuers to the Funded L/C SPV after the Closing Date.

 

“Cash Equivalents”
shall mean:

 

(a)               
United States dollars, Euros, any other currency of countries members of the Organization for Economic Co-operation and
Development or, in the case of any Foreign Subsidiary, any local currencies held by it from time to time;

 

(b)               
(i) securities issued or directly and fully guaranteed or insured by the United States government or any agency or instrumentality
of the United States government (provided that the full faith and credit of the United States is pledged in support of those
securities) and (ii) debt obligations issued by the Government National Mortgage Association, Farm Credit System, Federal Home
Loan Banks, Federal Home Loan Mortgage Corporation, Financing Corporation and Resolution Funding Corporation, in each case, having
maturities of not more than 12 months from the date of acquisition;

 

(c)               
certificates of deposit and eurodollar time deposits with maturities of 12 months or less from the date of acquisition,
bankers’ acceptances with maturities not exceeding 12 months and overnight bank deposits, in each case, with any commercial
bank having capital and surplus in excess of $500,000,000;

 

(d)               
repurchase obligations with a term of not more than seven days for underlying securities of the types described in clauses
(b) and (c) above entered into with any financial institution meeting the qualifications specified in clause (c) above;

 

(e)               
commercial paper and auction rate securities having one of the two highest ratings obtainable from Moody’s or S&P
and in each case maturing within 12 months after the date of acquisition;

 

(f)                
readily marketable direct obligations issued by any state of the United States or any political subdivision thereof, in
either case having one of the two highest rating categories obtainable from either Moody’s or S&P; and

 

(g)               
money market funds that invest primarily in securities described in clauses (a) through (f) of this definition.

 

    10

     

    

 

“CDOR Rate”
shall mean, with respect to any Eurodollar Borrowing denominated in Canadian Dollars for any Interest Period, the rate per annum
equal to the annual rate of interest that is the rate equal to the average discount rate for Canadian Dollar bankers’ acceptances
issued on the first day of such Interest Period for a term equal or comparable to such Interest Period as such rate appears on
the “Reuters Screen CDOR Page” (as defined in the International Swaps and Derivatives Association, Inc. 2000, definitions,
as modified and amended from time to time or any successor thereto) rounded to the nearest 1/l00th of 1% (with 0.005% being rounded
up), as of 10:00 a.m. (Toronto, Ontario time) on such day, or if such day is not a Business Day, then on the immediately preceding
Business Day; provided, that, if such rate does not appear on the Reuters Screen CDOR Page as contemplated, then the CDOR
Rate on any day shall be the average of the annual discount rate applicable in respect of an issue of Canadian Dollar bankers’
acceptances having a term equal or comparable to such Interest Period, quoted by CNA as of 10:00 a.m. (Toronto, Ontario time) on
such day, or if such day is not a Business Day, then on the immediately preceding Business Day; provided that in no event
shall the CDOR Rate be less than zero.

 

“Change in
Law” shall mean (a) the adoption of any law, rule or regulation after the Closing Date,
(b) any change in any law, rule or regulation or in the interpretation or application thereof by any Governmental Authority after
the Closing Date or (c) compliance by any Lender or any Issuing Bank (or, for purposes of Section 2.14, by any lending office
of such Lender or by such Lender’s or Issuing Bank’s holding company, if any) with any request, guideline or directive
(whether or not having the force of law) of any Governmental Authority made or issued after the Closing Date; 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 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 of America 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 adopted, issued,
promulgated, implemented or enacted.

 

“Change of
Control” shall mean the occurrence of any of the following: (a) the direct or indirect sale, transfer, conveyance or
other disposition (other than by way of merger or consolidation), in one or a series of related transactions, of all or substantially
all of the properties or assets of the Borrower and its Subsidiaries taken as a whole to any “person” (as that term
is used in Section 13(d) of the Exchange Act, but excluding any employee benefit plan of the Borrower or any of its Restricted
Subsidiaries, and any Person or entity acting in its capacity as trustee, agent or other fiduciary or administrator of such plan);
(b) the adoption of a plan relating to the liquidation or dissolution of the Borrower; (c) the consummation of any transaction
(including any merger or consolidation) the result of which is that any “person” (as defined above), other than a corporation
owned directly or indirectly by the stockholders of the Borrower in substantially the same proportion as their ownership of stock
of the Borrower prior to such transaction, becomes the Beneficial Owner, directly or indirectly, of more than 50% of the Voting
Stock of the Borrower, measured by voting power rather than number of shares; or (d) the first day on which a majority of the members
of the Board of Directors of the Borrower are not Continuing Directors.

 

“Charges”
shall have the meaning assigned to such term in Section 9.09.

 

“Class”,
when used in reference to any Loan or Borrowing, shall refer to whether such Loan, or the Loans comprising such Borrowing, are
Tranche A Revolving Loans, Tranche B Revolving Loans, New Revolving Loans, Refinancing Revolving Loans, Term Loans, New Term Loans,
Refinancing Term Loans or Swingline Loans, and, when used in reference to any Commitment, shall refer to whether such Commitment
is a Tranche A Revolving Commitment, Tranche B Revolving Commitment, New Revolving Commitment, Refinancing Revolving

 

    11

     

    

 

Commitment,
Term Commitment, New Term Commitment, Refinancing Term Commitment or Swingline Commitment. For the avoidance of doubt, any Loans
or Commitments created pursuant to a Permitted Amendment shall constitute a separate Class.

 

“Class A Membership
Units” shall mean the class of membership interests of the Funded L/C SPV consisting of Class A membership interests
pursuant to and in accordance with the operating agreement of the Funded L/C SPV, which shall be substantially the same as that
certain Operating Agreement of NRG LC Facility Company LLC, dated as of June 30, 2010.

 

“Closing Date”
shall mean June 30, 2016.

 

“CNA”
shall have the meaning assigned to such term in the preamble.

 

"Co-Managers"
shall mean Commerzbank AG New York Branch, KeyBank Capital Markets Inc. and CIT Bank, N.A.,

 

“Collateral”
shall mean all property and assets of the Loan Parties, now owned or hereafter acquired, other than the Excluded Assets.

 

“Collateral
Agent” shall have the meaning assigned to such term in the preamble.

 

“Collateral
Reinstatement Date” shall have the meaning assigned to such term in Section 9.25.

 

“Collateral
Reinstatement Event” shall mean, after a release of Collateral as provided for in Section 9.25(a), that (a) the most
recently announced rating by at least two of the Rating Agencies with respect to the Borrower’s senior, unsecured, non-credit
enhanced, long-term debt securities (considering, if any Rating Agency shall have issued more than one such public rating with
respect to the Borrower’s senior, unsecured, non-credit enhanced, long-term debt securities, the lowest such public rating
issued by such Rating Agency) shall not be an Investment Grade Rating, (b) the most recently announced rating by at least two of
the Rating Agencies with respect to the Borrower’s Obligations in respect of the Revolving Loans shall not be an Investment
Grade Rating, or at least two of the Rating Agencies shall have ceased to publish a rating with respect to the Borrower’s
Obligations in respect of the Revolving Loans or (c) the Borrower notifies the Administrative Agent in writing that it has elected
to terminate the Collateral Suspension Period.

 

“Collateral
Release Date” shall have the meaning assigned to such term in Section 9.25.

 

“Collateral
Release Event” shall mean the satisfaction of each of the following conditions:

 

(a) (i) the senior,
unsecured, non-credit enhanced, long-term debt securities of the Borrower, if the Borrower has any such securities outstanding,
receive an Investment Grade Rating from at least two of the Rating Agencies (considering, if any Rating Agency shall have issued
more than one such public rating with respect to the Borrower’s senior, unsecured, non-credit enhanced, long-term debt securities,
the lowest such public rating issued by such Rating Agency) and (ii) the Obligations of the Borrower in respect of the Revolving
Loans receive an Investment Grade Rating from at least two of the Rating Agencies after giving effect to the proposed release of
Collateral pursuant to Section 9.25;

 

(b) [Reserved];

 

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(c) all Liens securing
the obligations in respect of the Senior Secured Notes shall be released substantially concurrently with the release of Liens securing
the Guaranteed Obligations on the applicable Collateral Release Date; and

 

(d) no Event of Default
shall have occurred and be continuing.

 

“Collateral
Release Period” shall mean a period commencing on any Collateral Release Date and ending upon the occurrence of a Collateral
Reinstatement Date.

 

“Collateral
Trust Agreement” shall mean the Second Amended and Restated Collateral Trust Agreement, dated as of the July 1, 2011,
among the Borrower, each Subsidiary Guarantor, the Collateral Trustee and the other parties thereto, as the same may be amended,
restated, amended and restated, supplemented or otherwise modified from time to time in accordance with the terms thereof.

 

“Collateral
Trustee” shall mean Deutsche Bank Trust Company Americas, acting as collateral trustee under the Collateral Trust Agreement,
or its successors appointed in accordance with the terms thereof.

 

“Commitment”
shall mean, with respect to any Lender and as of any date of determination, such Lender’s Tranche A Revolving Commitment,
Tranche B Revolving Commitment, New Revolving Commitment, Refinancing Revolving Commitment, Term Commitment, New Term Commitment,
Refinancing Term Commitment or Swingline Commitment as of such date.

 

“Commitment
Fee” shall have the meaning assigned to such term in Section 2.05(a).

 

“Commodity
Hedging Agreements” shall mean the Existing Commodity Hedging Agreements and any other agreement (including each confirmation
or transaction entered into or consummated pursuant to any Master Agreement) providing for swaps, caps, collars, puts, calls, floors,
futures, options, spots, forwards, any physical or financial commodity contracts or agreements, power purchase, sale or exchange
agreements, fuel purchase, sale, exchange or tolling agreements, emissions and other environmental credit purchase or sales agreements,
power transmission agreements, fuel transportation agreements, fuel storage agreements, netting agreements, commercial or trading
agreements, capacity agreements, weather derivatives agreements, each with respect to, or involving the purchase, exchange (including
an option to purchase or exchange), transmission, distribution, sale, lease, transportation, storage, processing or hedge of (whether
physical, financial, or a combination thereof), any Covered Commodity, service or risk, price or price indices for any such Covered
Commodities, services or risks or any other similar agreements, any renewable energy credits, emission, carbon and other environmental
credits and any other credits, assets or attributes, howsoever entitled or designated, including related to any “cap and
trade”, renewable portfolio standard or similar program with an economic value and any other similar agreements, in each
case, entered into by the Borrower or any Restricted Subsidiary.

 

“Commodity
Hedging Obligations” shall mean, with respect to any specified Person, the obligations of such Person under a Commodity
Hedging Agreement.

 

“Communications”
shall mean each notice, demand, communication, information, document and other material provided for hereunder or under any other
Loan Document or otherwise transmitted between the parties hereto relating this Agreement, the other Loan Documents, any Loan Party
or its Affiliates, or the transactions contemplated by this Agreement or the other Loan Documents including all Approved Electronic
Communications.

 

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“Concurrent
Cash Distributions” shall have the meaning assigned to such term in the definition of “Investments.”

 

“Consolidated
Cash Flow” shall mean, with respect to any specified Person for any period, the Consolidated Net Income of such Person
for such period plus, without duplication:

 

(a)               
an amount equal to any extraordinary loss (including any loss on the extinguishment or conversion of Indebtedness); plus

 

(b)               
any net loss realized by such Person or any of its Restricted Subsidiaries in connection with an Asset Sale (without giving
effect of the threshold provided in the definition thereof), to the extent such losses were deducted in computing such Consolidated
Net Income; plus

 

(c)               
provision for taxes based on income or profits of such Person and its Restricted Subsidiaries for such period, to the extent
that such provision for taxes was deducted in computing such Consolidated Net Income; plus

 

(d)               
the Fixed Charges of such Person and its Restricted Subsidiaries for such period, to the extent that such Fixed Charges
were deducted in computing such Consolidated Net Income; plus

 

(e)               
any expenses or charges related to any equity offering, Permitted Investment, acquisition, disposition, recapitalization
or Indebtedness permitted to be incurred under this Agreement including a refinancing thereof (whether or not successful), including
such fees, expenses or charges related to the offering of the Senior Notes, the Senior Secured Notes and this Agreement, and deducted
in computing Consolidated Net Income; plus

 

(f)                
any professional and underwriting fees related to any equity offering, Permitted Investment, acquisition, recapitalization
or Indebtedness permitted to be incurred under this Agreement and, in each case, deducted in such period in computing Consolidated
Net Income; plus

 

(g)               
the amount of any minority interest expense deducted in calculating Consolidated Net Income (less the amount of any cash
dividends paid to the holders of such minority interests); plus

 

(h)               
any non cash gain or loss attributable to Mark-to-Market Adjustments in connection with Hedging Obligations; plus

 

(i)                
without duplication, any writeoffs, writedowns or other non-cash charges reducing Consolidated Net Income for such period,
excluding any such charge that represents an accrual or reserve for a cash expenditure for a future period, plus

 

(j)                
all items classified as infrequent, unusual or nonrecurring non-cash losses or charges (including severance, relocation
and other restructuring costs), and related tax effects according to GAAP to the extent such non-cash charges or losses were deducted
in computing such Consolidated Net Income; plus

 

(k)               
depreciation, depletion, amortization (including amortization of intangibles but excluding amortization of prepaid cash
expenses that were paid in a prior period) and other non-cash charges and expenses (excluding any such non-cash expense to the
extent that it represents an accrual of or reserve for cash expenses in any future period or amortization of a prepaid cash expense
that was paid in a prior period) of such Person and its Restricted Subsidiaries for such

 

    14

     

    

 

period to the extent that such depreciation,
depletion, amortization and other non-cash expenses were deducted in computing such Consolidated Net Income; minus

 

(l)                
non-cash items increasing such Consolidated Net Income for such period, other than the accrual of revenue in the ordinary
course of business; in each case, on a consolidated basis and determined in accordance with GAAP; minus

 

(m)             
interest income for such period;

 

provided,
however, that Consolidated Cash Flow of the Borrower will exclude the Consolidated Cash Flow attributable to (i) Excluded
Subsidiaries to the extent that the declaration or payment of dividends or similar distributions by the Excluded Subsidiary of
that Consolidated Cash Flow is not, as a result of an Excluded Subsidiary Debt Default, then permitted by operation of the terms
of the relevant Excluded Subsidiary Debt Agreement (provided that the Consolidated Cash Flow of the Excluded Subsidiary
will only be so excluded for that portion of the period during which the condition described in the preceding proviso has occurred
and is continuing), (ii) for purposes of Section 6.06 only, Excluded Project Subsidiaries, except to the extent of any dividends,
distributions or other returns in respect of any Investments in any Excluded Project Subsidiary, in each case, paid in cash to
the Borrower or a Restricted Subsidiary that is not an Excluded Project Subsidiary and (iii) for purposes of Sections 6.11 and
6.12 only, Excluded Subsidiaries and Unrestricted Subsidiaries, except to the extent (and solely to the extent) actually distributed
in cash to the Borrower or any Subsidiary Guarantor.

 

“Consolidated
First Lien Leverage Ratio” shall mean, on any date (for purposes of this definition, the “Calculation Date”),
the ratio of (a) Total First Lien Debt on such date to (b) Consolidated Cash Flow of the Borrower for the period of four
consecutive fiscal quarters most recently ended on or prior to such date. For purposes of making the computation referred to above:

 

(i)                
Investments and acquisitions that have been made by the Borrower or any of its Restricted Subsidiaries, including through
mergers or consolidations, or any Person or any of its Restricted Subsidiaries acquired by the Borrower or any of its Restricted
Subsidiaries, and including any related financing transactions and including increases in ownership of Restricted Subsidiaries,
during the four-quarter reference period or subsequent to such reference period and on or prior to the Calculation Date will be
given pro forma effect (in accordance with Regulation S-X, but including all Pro Forma Cost Savings) as if they had occurred on
the first day of the four-quarter reference period;

 

(ii)              
the Consolidated Cash Flow attributable to discontinued operations, as determined in accordance with GAAP, and operations
or businesses (and ownership interests therein) disposed of prior to the Calculation Date, will be excluded;

 

(iii)            
any Person that is a Restricted Subsidiary on the Calculation Date will be deemed to have been a Restricted Subsidiary at
all times during such four-quarter reference period; and

 

(iv)             
any Person that is not a Restricted Subsidiary on the Calculation Date will be deemed not to have been a Restricted Subsidiary
at any time during such four-quarter reference period.

 

“Consolidated
Interest Coverage Ratio” shall mean, on any date (for purposes of this definition, the “Calculation Date”),
the ratio of (a) Consolidated Cash Flow of the Borrower for the period of four consecutive fiscal quarters most recently ended
on or prior to such date to

 

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(b) Consolidated Interest Expense for the period of four consecutive fiscal quarters most recently
ended on or prior to such date. For purposes of making the computation referred to above:

 

(i)                
Investments and acquisitions that have been made by the Borrower or any of its Restricted Subsidiaries, including through
mergers or consolidations, or any Person or any of its Restricted Subsidiaries acquired by the Borrower or any of its Restricted
Subsidiaries, and including any related financing transactions and including increases in ownership of Restricted Subsidiaries,
during the four-quarter reference period or subsequent to such reference period and on or prior to the Calculation Date will be
given pro forma effect (in accordance with Regulation S-X, but including all Pro Forma Cost Savings) as if they had occurred on
the first day of the four-quarter reference period;

 

(ii)              
the Consolidated Cash Flow attributable to discontinued operations, as determined in accordance with GAAP, and operations
or businesses (and ownership interests therein) disposed of prior to the Calculation Date, will be excluded;

 

(iii)            
any Person that is a Restricted Subsidiary on the Calculation Date will be deemed to have been a Restricted Subsidiary at
all times during such four-quarter reference period; and

 

any Person that is
not a Restricted Subsidiary on the Calculation Date will be deemed not to have been a Restricted Subsidiary at any time during
such four-quarter reference period.

 

“Consolidated
Interest Expense” shall mean, for any period, the consolidated cash interest expense of the Borrower and its Restricted
Subsidiaries (other than Excluded Project Subsidiaries) for such period, whether paid or accrued (including the interest component
of any deferred payment obligations, the interest component of all payments associated with Capital Lease Obligations, imputed
interest with respect to Attributable Debt, commissions, discounts and other fees and charges incurred in respect of letter of
credit or bankers’ acceptance financings, and net payments (if any) pursuant to interest rate Hedging Obligations, but not
including amortization of original issue discount and other non-cash interest payments), net of cash interest income; provided,
however, that Consolidated Interest Expense of the Borrower and its Restricted Subsidiaries will, for purposes of Section
6.11 only, exclude, (a) in the case of the Funded L/C SPV only, (i) cash interest expense (including all commissions, discounts
and other fees and charges owed by the Funded L/C SPV with respect to letters of credit and bankers’ acceptance financing)
attributable to Cash Collateralized Letter of Credit Facilities and (ii) cash interest expense attributable to the aggregate amount
on deposit at any time in the Funded L/C Collateral Accounts, and (b) any periodic premium, fee or similar payments made by the
Borrower or any Restricted Subsidiary to any L/C Securities Issuer. For purposes of the foregoing, interest expense shall be determined
after giving effect to any net payments made or received by the Borrower or any Restricted Subsidiary (other than an Excluded Project
Subsidiary and, for purposes of Section 6.11 only, the Funded L/C SPV) with respect to any interest rate hedging agreements.

 

“Consolidated
Net Income” shall mean, with respect to any specified Person for any period, the aggregate of the Net Income of such
Person and its Restricted Subsidiaries for such period, on a consolidated basis, determined in accordance with GAAP; provided
that:

 

(a)               
the Net Income of any Person that is not a Restricted Subsidiary or that is accounted for by the equity method of accounting
will be included only to the extent of the amount of dividends or similar distributions (including pursuant to other intercompany
payments but excluding Concurrent Cash Distributions) paid in cash to the specified Person or a Restricted Subsidiary of the specified
Person;

 

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(b)               
for purposes of Sections 6.06, 6.11 and 6.12 only, the Net Income of any Restricted Subsidiary will be excluded to the extent
that the declaration or payment of dividends or similar distributions by that Restricted Subsidiary of that Net Income is not at
the date of determination permitted without any prior governmental approval (that has not been obtained) or, directly or indirectly,
by operation of the terms of its charter or any agreement, instrument, judgment, decree, order, statute, rule or governmental regulation
applicable to that Restricted Subsidiary or its stockholders;

 

(c)               
the cumulative effect of a change in accounting principles will be excluded;

 

(d)               
any net after-tax non-recurring or unusual gains, losses (less all fees and expenses relating thereto) or other charges
or revenue or expenses (including relating to severance, relocation and one-time compensation charges) shall be excluded;

 

(e)               
any non-cash compensation expense recorded from grants of stock appreciation or similar rights, stock options, restricted
stock or other rights to officers, directors or employees shall be excluded, whether under Financial Accounting Standards Board
Statement No. 123R, “Accounting for Stock-Based Compensation” or otherwise;

 

(f)                
any net after-tax income (loss) from disposed or discontinued operations and any net after-tax gains or losses on disposal
of disposed or discontinued operations shall be excluded;

 

(g)               
any gains or losses (less all fees and expenses relating thereto) attributable to asset dispositions (other than asset dispositions
in the ordinary course of business) shall be excluded; and

 

(h)               
any impairment charge or asset write-off pursuant to Financial Accounting Statement No. 142 and No. 144 or any successor
pronouncement shall be excluded.

 

“Consolidated
Net Tangible Assets” shall mean the total consolidated assets of the Borrower and its Restricted Subsidiaries, less the
sum of goodwill and other intangible assets, in each case determined on a consolidated basis in accordance with GAAP, as shown
on the most recent balance sheet of the Borrower.

 

“Consolidated
Total Net Leverage Ratio” shall mean, on any date (for purposes of this definition, the “Calculation Date”),
the ratio of (a) Total Net Debt on such date to (b) Consolidated Cash Flow of the Borrower for the period of four consecutive
fiscal quarters most recently ended on or prior to such date. For purposes of making the computation referred to above:

 

(i)                
Investments and acquisitions that have been made by the Borrower or any of its Restricted Subsidiaries, including through
mergers or consolidations, or any Person or any of its Restricted Subsidiaries acquired by the Borrower or any of its Restricted
Subsidiaries, and including any related financing transactions and including increases in ownership of Restricted Subsidiaries,
during the four-quarter reference period or subsequent to such reference period and on or prior to the Calculation Date will be
given pro forma effect (in accordance with Regulation S-X, but including all Pro Forma Cost Savings) as if they had occurred on
the first day of the four-quarter reference period;

 

(ii)              
the Consolidated Cash Flow attributable to discontinued operations, as determined in accordance with GAAP, and operations
or businesses (and ownership interests therein) disposed of prior to the Calculation Date, will be excluded;

 

    17

     

    

 

(iii)            
any Person that is a Restricted Subsidiary on the Calculation Date will be deemed to have been a Restricted Subsidiary at
all times during such four-quarter reference period; and

 

(iv)             
any Person that is not a Restricted Subsidiary on the Calculation Date will be deemed not to have been a Restricted Subsidiary
at any time during such four-quarter reference period.

 

“Continuing
Director” shall mean, as of any date of determination, any member of the Board of Directors of the Borrower who (a) was
a member of such Board of Directors on the Closing Date; or (b) was nominated for election or elected to such Board of Directors
with the approval of a majority of the Continuing Directors who were members of such Board of Directors at the time of such nomination
or election.

 

“Contribution
Indebtedness” shall mean Indebtedness of the Borrower in an aggregate principal amount not to exceed two times the aggregate
amount of cash received by the Borrower after the Issue Date from the sale of its Equity Interests (other than Disqualified Stock)
or as a contribution to its common equity capital (in each case, other than to or from a Subsidiary); provided that such
Indebtedness (a) is incurred within 180 days after the sale of such Equity Interests or the making of such capital contribution
and (b) is designated as “Contribution Indebtedness” pursuant to an Officers’ Certificate on the date of its
incurrence. Any sale of Equity Interests or capital contribution that forms the basis for an incurrence of Contribution Indebtedness
will not be considered to be a sale of Qualifying Equity Interests and will be disregarded for purposes of Section 6.06.

 

“Control Agreement”
shall mean each Control Agreement to be executed and delivered by each Loan Party and the other parties thereto, as required by
the applicable Loan Documents as the same may be amended, restated, amended and restated, supplemented or otherwise modified from
time to time in accordance with the terms hereof and thereof.

 

“Counterparty
Account” shall mean any Deposit Account, Securities Account or Commodities Account (and all cash, Cash Equivalents and
other securities or investments substantially comparable to Cash Equivalents therein) pledged to or deposited with the Borrower
or any Restricted Subsidiary as cash collateral posted or deposited by a contract counterparty (including a counterparty in respect
of Commodity Hedging Obligations) to or for the benefit of the Borrower or any Restricted Subsidiary, in each case, only for so
long as such account (and amounts therein) represents a security interest (including as a result of an escrow arrangement) in favor
(and not an ownership interest in the amounts therein) of the Borrower or the applicable Restricted Subsidiary.

 

“Covered Commodity”
shall mean any energy, electricity, generation capacity, power, heat rate, congestion, natural gas, nuclear fuel (including enrichment
and conversion), diesel fuel, fuel oil, other petroleum-based liquids, coal, lignite, weather, emissions and other environmental
credits, assets or attributes, waste by-products, renewable energy credit, or other energy related commodity or service (including
ancillary services and related risks (such as location basis or other commercial risks)).

 

“Covered Entity”
shall mean any of the following:

 

(i)                
a “covered entity” as that term is defined in, and interpreted in accordance with, 12 C.F.R. § 252.82(b);

 

    18

     

    

 

(ii)              
a “covered bank” as that term is defined in, and interpreted in accordance with, 12 C.F.R. § 47.3(b); or

 

(iii)            
a “covered FSI” as that term is defined in, and interpreted in accordance with, 12 C.F.R. § 382.2(b).

 

“Credit Event”
shall have the meaning assigned to such term in Section 4.01.

 

“Credit Facilities”
shall mean (a) one or more debt facilities (including the debt facilities provided under this Agreement) or commercial paper facilities,
in each case with banks or other institutional lenders providing for revolving credit loans, term loans, credit-linked deposits
(or similar deposits) receivables financing (including through the sale of receivables to such lenders or to special purpose entities
formed to borrow from such lenders against such receivables) or letters of credit and (b) debt securities sold to institutional
investors, in each case, as amended, restated, modified, renewed, refunded, replaced or refinanced (including by means of sales
of debt securities to institutional investors) in whole or in part from time to time.

 

“CS”
shall have the meaning assigned to such term in the preamble.

 

“Cure Amount”
shall have the meaning provided in Article VII.

 

“Cure Right”
shall have the meaning provided in Article VII.

 

“DB”
shall have the meaning assigned to such term in the preamble.

 

“Debt to Cash
Flow Ratio” shall mean, as of any date of determination (for purposes of this definition, the “Calculation Date”),
the ratio of (a) the Indenture Total Debt of the Borrower as of such date to (b) the Consolidated Cash Flow of the Borrower for
the four most recent full fiscal quarters ending immediately prior to such date for which financial statements are publicly available.
For purposes of making the computation referred to above:

 

(i)                
Investments and acquisitions that have been made by the Borrower or any of its Restricted Subsidiaries, including through
mergers or consolidations, or any Person or any of its Restricted Subsidiaries acquired by the Borrower or any of its Restricted
Subsidiaries, and including any related financing transactions and including increases in ownership of Restricted Subsidiaries,
during the four-quarter reference period or subsequent to such reference period and on or prior to the Calculation Date will be
given pro forma effect (in accordance with Regulation S-X, but including all Pro Forma Cost Savings) as if they had occurred on
the first day of the four-quarter reference period;

 

(ii)              
the Consolidated Cash Flow attributable to discontinued operations, as determined in accordance with GAAP, and operations
or businesses (and ownership interests therein) disposed of prior to the Calculation Date, will be excluded;

 

(iii)            
any Person that is a Restricted Subsidiary on the Calculation Date will be deemed to have been a Restricted Subsidiary at
all times during such four-quarter reference period;

 

(iv)             
any Person that is not a Restricted Subsidiary on the Calculation Date will be deemed not to have been a Restricted Subsidiary
at any time during such four-quarter reference period; and

 

    19

     

    

 

(v)               
the Consolidated Cash Flow attributable to Excluded Project Subsidiaries will be excluded for purposes of all calculations
required by this definition.

 

“Default”
shall mean any event or condition which upon notice, lapse of time (pursuant to Article VII) or both would constitute an Event
of Default.

 

“Defaulting
Lender” shall mean, at any time, subject to the last paragraph of Section 2.26, any Lender that, at such time, has (a)
failed to (i) pay any amount required to be paid by such Lender to any Issuing Bank under this Agreement (beyond any applicable
cure period), (ii) fund any portion of its Loans (unless such Lender notifies the Administrative Agent in writing that such failure
is the result of such Lender’s good faith determination that a condition precedent to funding (specifically identified and,
if available to such Lender, supported by reasonable background information provided by such Lender) has not been satisfied), its
participations in Letters of Credit or Swingline Loans or (iii) pay over to the Administrative Agent, the Issuing Bank, the Swingline
Lender or any other Lender any other amount required to be paid by it hereunder, (b) notified the Borrower, the Administrative
Agent, the Issuing Bank, the Swingline Lender or any other Lender, in writing, or has made a public statement, to the effect that
it does not intend or expect to comply with any of its funding obligations under this Agreement (unless such writing or public
statement indicates that such position is based on such Lender’s good faith determination that a condition precedent to funding
(specifically identified and, if available to such Lender, supported by reasonable background information provided by such Lender)
a Loan cannot be satisfied) or generally under other agreements in which it commits to extend credit, (c) failed, within three
Business Days after request by the Administrative Agent, any Issuing Bank or the Swingline Lender, acting in good faith, to provide
a certification in writing from an authorized officer of such Lender that it will comply with its obligations to fund prospective
Loans and participations in then outstanding Letters of Credit or Swingline Loans, provided that such Lender shall cease
to be a Defaulting Lender pursuant to this clause (c) upon receipt by the Administrative Agent, such Issuing Bank or the Swingline
Lender of such written certification, or (d) (i) taken any action or become the subject of a Lender Insolvency Event with respect
to such Lender or its Parent Company or (ii) has, or has a Parent Company that has, become the subject of a Bail-In Action; provided
that a Lender shall not be a Defaulting Lender pursuant to this clause (d) solely by virtue of the ownership or acquisition of
any Equity Interest in such Lender or its Parent Company by a Governmental Authority or agency thereof; provided, further,
that none of the reallocation of funding obligations provided for in Section 2.26 as a result of a Lender’s being a Defaulting
Lender, the performance by the other Lenders of such reallocated funding obligations or the cash collateralization of a Defaulting
Lender’s Revolving L/C Exposure provided for in Section 2.26 will by itself cause the relevant Defaulting Lender to cease
to be a Defaulting Lender. A determination, if any, by the Administrative Agent (it being understood and agreed that (A) the Administrative
Agent may, but shall be under no obligation to, make any such determination and (B) a determination by the Administrative Agent
shall not be required for a Lender to become a Defaulting Lender if the requirements of this definition are otherwise satisfied)
that a Lender is a Defaulting Lender under any of clauses (a) through and including (d) above will be conclusive and binding absent
manifest error, and, if any such a determination is made, such Lender shall be deemed to be a Defaulting Lender (subject to the
last paragraph of Section 2.26) upon notification of such determination by the Administrative Agent to the Borrower, the Issuing
Bank, the Swingline Lender and the Lenders.

 

“Default Right”
shall have the meaning assigned to such term in, and shall be interpreted in accordance with, 12 C.F.R. §§ 252.81, 47.2
or 382.1, as applicable.

 

“Deposit Account”
shall have the meaning assigned to such term in the UCC.

 

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“Designated
Non-Cash Consideration” shall mean the Fair Market Value of non-cash consideration received by the Borrower or any Person
who is an Affiliate of the Borrower as a result of the Borrower’s ownership of Equity Interests in such Person in connection
with an Asset Sale that is so designated as Designated Non-Cash Consideration pursuant to an Officers’ Certificate, setting
forth the basis of such valuation, executed by a Financial Officer of the Borrower, less the amount of cash or Cash Equivalents
received in connection with a subsequent sale of such Designated Non-Cash Consideration.

 

“Discount
Range” shall have the meaning assigned to such term in Section 2.12(e)(ii).

 

“Discounted
Purchase Option Notice” shall have the meaning assigned to such term in Section 2.12(e)(ii).

 

“Discounted
Voluntary Purchase” shall have the meaning assigned to such term in Section 2.12(e)(i).

 

“Discounted
Voluntary Purchase Notice” shall have the meaning assigned to such term in Section 2.12(e)(v).

 

“Disqualified
Stock” shall mean any Capital Stock that, by its terms (or by the terms of any security into which it is convertible,
or for which it is exchangeable, in each case at the option of the holder of the Capital Stock), or upon the happening of any event,
matures or is mandatorily redeemable, pursuant to a sinking fund obligation or otherwise, or redeemable at the option of the holder
of the Capital Stock, in whole or in part, on or prior to the date that is 91 days after the Latest Maturity Date of all Classes
of Loans or Commitments. Notwithstanding the preceding sentence, any Capital Stock that would constitute Disqualified Stock solely
because the holders of the Capital Stock have the right to require the Borrower to repurchase such Capital Stock upon the occurrence
of a change of control or an asset sale will not constitute Disqualified Stock if the terms of such Capital Stock provide that
the Borrower may not repurchase or redeem any such Capital Stock pursuant to such provisions unless such repurchase or redemption
complies with Section 6.06. The amount of Disqualified Stock deemed to be outstanding at any time for purposes of this Agreement
will be the maximum amount that the Borrower and its Restricted Subsidiaries may become obligated to pay upon the maturity of,
or pursuant to any mandatory redemption provisions of, such Disqualified Stock, exclusive of accrued dividends.

 

“dollars”
or “$” shall mean lawful money of the United States of America, except when expressly used in reference to the
lawful money of another country.

 

“Dollar Equivalent”
shall mean, on the applicable Valuation Date, (a) with respect to any amount denominated in dollars, such amount and (b) with
respect to any amount denominated in an Alternative Currency, the equivalent in dollars of such amount, determined by the Administrative
Agent pursuant to Section 1.04 using the applicable Exchange Rate with respect to such Alternative Currency at the time in effect
on the Valuation Date under the provisions of such Section 1.04.

 

“Domestic
Subsidiary” shall mean any Restricted Subsidiary that was formed under the laws of the United States of America or any
state of the United States of America or the District of Columbia or that guarantees or otherwise provides direct credit support
for any Indebtedness of the Borrower.

 

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“Dragon Acquisition
Closing Date” shall mean the date of consummation of the acquisition of Direct Energy, the North American energy supply,
services and trading business of Centrica plc, pursuant to the terms of the Dragon Purchase Agreement.

 

“Dragon Outside
Date” shall mean July 24, 2021, as such date may be extended as contemplated by Section 10.01(b)(i) of the Dragon Purchase
Agreement (as in effect on the Fifth Amendment Effective Date).

 

“Dragon Purchase
Agreement” shall mean that certain Purchase Agreement, dated as of July 24, 2020, among the Borrower, Centrica plc, a
public limited company organized under the laws of England and Wales and certain other parties party thereto.

 

“Easement”
shall have the meaning assigned to such term in Section 3.07.

 

“EEA Financial
Institution” shall mean (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” shall mean any of the member states of the European Union, Iceland, Liechtenstein, and Norway.

 

“EEA Resolution
Authority” shall mean 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.

 

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

 

“Environmental
CapEx Debt” shall mean Indebtedness of the Borrower or its Restricted Subsidiaries incurred for the purpose of financing
Environmental Capital Expenditures.

 

“Environmental
Capital Expenditures” shall mean capital expenditures deemed necessary by the Borrower or its Restricted Subsidiaries
to comply with Environmental Laws.

 

“Environmental
Laws” shall mean all former, current and future Federal, state, local and foreign laws (including common law), treaties,
regulations, rules, ordinances and codes, and legally binding decrees, judgments, directives and orders (including consent orders),
in each case, relating to protection of the environment, natural resources, occupational health and safety, climate change or the
presence, Release of, or exposure to, hazardous materials, substances or wastes, or the generation, manufacture, processing, distribution,
use, treatment, storage, disposal, transport, recycling or handling of, or the arrangement for such activities with respect to,
hazardous materials, substances or wastes.

 

“Environmental
Liability” shall mean all liabilities, obligations, damages, losses, claims, actions, suits, judgments, orders, fines,
penalties, fees, expenses and costs (including administrative oversight costs, natural resource damages and remediation costs),
whether contingent or otherwise, arising out of or relating to (a) non-compliance with any Environmental Law, (b) the
generation, manufacture, processing, distribution, recycling, use, handling, transportation, storage, treatment or disposal of,
or the arrangement of such activities with respect to, any Hazardous Materials,

 

    22

     

    

 

(c) exposure to any Hazardous Materials, (d) the
Release of any Hazardous Materials at or from any location or (e) any contract or agreement pursuant to which liability is
assumed, imposed or covered by an indemnity with respect to any of the foregoing.

 

“Equity Interests”
shall mean Capital Stock and all warrants, options or other rights to acquire Capital Stock (but excluding any debt security that
is convertible into, or exchangeable for, Capital Stock).

 

“ERCOT”
shall mean the Electric Reliability Council of Texas or any other entity succeeding thereto.

 

“ERISA”
shall mean the Employee Retirement Income Security Act of 1974, as amended from time to time.

 

“ERISA Affiliate”
shall mean any trade or business (whether or not incorporated) that, together with the Borrower, is treated as a single employer
under Section 414(b) or (c) of the Tax Code, or solely for purposes of Section 302 of ERISA and Section 412 of the
Tax Code, is treated as a single employer under Section 414 of the Tax Code.

 

“ERISA Event”
shall mean (a) any “reportable event”, as defined in Section 4043 of ERISA or the regulations issued thereunder,
with respect to a Benefit Plan (other than an event for which the 30-day notice period is waived); (b) the existence with respect
to any Benefit Plan of an “accumulated funding deficiency” (as defined in Section 412 of the Tax Code or Section 302
of ERISA), whether or not waived; (c) the filing pursuant to Section 412(d) of the Tax Code or Section 303(d) of ERISA
of an application for a waiver of the minimum funding standard with respect to any Benefit Plan; (d) the incurrence by the Borrower
or any ERISA Affiliate of any liability under Title IV of ERISA with respect to the termination of any Benefit Plan or the
withdrawal or partial withdrawal of the Borrower or any ERISA Affiliate from any Benefit Plan or Multiemployer Plan; (e) the receipt
by the Borrower or any ERISA Affiliate from the PBGC or a plan administrator of any notice relating to the intention to terminate
any Benefit Plan or to appoint a trustee to administer any Benefit Plan; (f) the adoption of any amendment to a Benefit Plan that
would require the provision of security pursuant to Section 401(a)(29) of the Tax Code or Section 307 of ERISA; or (g) the receipt
by the Borrower or any ERISA Affiliate of any notice, or the receipt by any Multiemployer Plan from the Borrower or any ERISA Affiliate
of any notice, concerning the imposition of Withdrawal Liability or a determination that a Multiemployer Plan is, or is expected
to be, insolvent or in reorganization, within the meaning of Title IV of ERISA.

 

“Eurodollar”,
when used in reference to any Loan or Borrowing, shall refer to whether such Loan, or the Loans comprising such Borrowing, are
bearing interest at a rate determined by reference to the Adjusted LIBO Rate.

 

“Event of
Default” shall have the meaning assigned to such term in Article VII.

 

“Excess Proceeds”
shall have the meaning assigned to such term in Section 6.04(e).

 

“Exchange
Act” shall mean the Securities Exchange Act of 1934, as amended.

 

“Exchange
Rate” shall mean on any day, with respect to any Alternative Currency, the rate at which such Alternative Currency may
be exchanged into dollars, as set forth at approximately 11:00 a.m. (London time) on such day on the Bloomberg Key Cross-Currency
Rates Page for such Alternative Currency. In the event that such rate does not appear on any Bloomberg Key Cross-Currency Rates
Page, the Exchange Rate shall be determined by reference to such other publicly

 

    23

     

    

 

available service for displaying exchange rates
as may be agreed upon by the Administrative Agent and the Borrower, or, in the absence of such agreement, such Exchange Rate shall
instead be the arithmetic average of the spot rates of exchange of the Administrative Agent in the market where its foreign currency
exchange operations in respect of such Alternative Currency are then being conducted, at or about 10:00 a.m. (London time)
on such date for the purchase of dollars for delivery two Business Days later; provided that, if at the time of any
such determination, for any reason, no such spot rate is being quoted, the Administrative Agent, after consultation with the Borrower,
may use any reasonable method it deems appropriate to determine such rate, and such determination shall be conclusive absent manifest
error.

 

“Excluded
Assets” shall mean:

 

(i)              
(a) any lease, license, contract, property right or agreement to which any Loan Party is a party or any of such Loan Party’s
rights or interests thereunder if and only for so long as the grant of a security interest therein under the Security Documents
shall constitute or result in a breach, termination or default or invalidity under any such lease, license, contract, property
right or agreement (other than to the extent that any such term would be rendered ineffective pursuant to Sections 9-406, 9-407,
9-408 or 9-409 of the UCC of any relevant jurisdiction or any other applicable law or principles of equity); provided that
such lease, license, contract, property right or agreement shall be an Excluded Asset only to the extent and for so long as the
consequences specified above shall exist and shall cease to be an Excluded Asset and shall become subject to the security interest
granted under the Security Documents, immediately and automatically, at such time as such consequences shall no longer exist and/or
(b) any property if and only for so long as the grant of a security interest therein under the Security Documents shall be prohibited
or rendered ineffective under any Applicable Law adopted, issued, promulgated, implemented or enacted, in each case, after the
Closing Date (other than to the extent any such Applicable Law would be rendered ineffective pursuant to Section 9-408 or 9-409
of the UCC of any relevant jurisdiction or any other applicable law or principles of equity); provided that such property
shall be an Excluded Asset only to the extent and for so long as the prohibition specified above shall exist and shall cease to
be an Excluded Asset and shall become subject to the security interest granted under the Security Documents, immediately and automatically,
at such time as such prohibition shall no longer exist;

 

(ii)             any interests in real property owned or leased by any Loan Party only for so long as such interest represents an Excluded
Perfection Asset;

 

(iii)            
any Equity Interests in, and any assets of, any Excluded Project Subsidiary and any voting Equity Interests in excess of
66% (or, in the case of NRGenerating International BV, 65%) of the total outstanding voting Equity Interests in any Excluded Foreign
Subsidiary; provided that, notwithstanding anything herein to the contrary, the Equity Interests in the Funded L/C SPV that
are owned directly or indirectly by the Borrower shall not be Excluded Assets;

 

(iv)            any
Deposit Account, Securities Account or Commodities Account (and all cash, Cash Equivalents and other securities or investments
substantially comparable to Cash Equivalents and Commodity Contracts (as defined in the UCC) held therein) if and only for so
long as such Deposit Account, Securities Account or Commodities Account is subject to a Lien permitted under clause (b) of the
definition of “Permitted Liens” other than any such permitted Lien held by the Collateral Trustee pursuant to and
in accordance with the Collateral Trust Agreement; provided that, for the avoidance of doubt and notwithstanding anything
in the Loan Documents to the contrary, the Funded L/C

 

    24

     

    

 

Collateral Accounts and all cash, Cash Equivalents, other securities or
investments substantially comparable to Cash Equivalents and other funds and investments held therein and the proceeds thereof
shall be Excluded Assets for all purposes under the Loan Documents;

 

(v)             [reserved];

 

(vi)            [reserved];

 

(vii)           the Equity Interests in, and all properties and assets of, NRG Latin America Inc.;

 

(viii)         
any Equity Interest of a Person or Project Interest held by any Loan Party if and for so long as the pledge thereof under
the Security Documents shall constitute or result in a breach, termination or default under any joint venture, stockholder, membership,
limited liability company, partnership, owners, participation, shared facility or other similar agreement between such Loan Party
and one or more other holders of Equity Interests of such Person or Project Interest (other than any such other holder who is the
Borrower or a Subsidiary thereof); provided that such Equity Interest shall be an Excluded Asset only to the extent and
for so long as the consequences specified above shall exist and shall cease to be an Excluded Asset and shall become subject to
the security interest granted under the Security Documents, immediately and automatically, at such time as such consequences shall
no longer exist;

 

(ix)             any Counterparty Account, and any cash, Cash Equivalents and/or other securities or investments substantially comparable
to Cash Equivalents, and other funds and investments held therein and the proceeds thereof, received from a contract counterparty
(including a counterparty in respect of Commodity Hedging Obligations) (collectively, the “Counterparty Cash”)
but only to the extent that any agreements governing the underlying transactions with a contract counterparty (including a counterparty
in respect of Commodity Hedging Obligations) pursuant to which any such Counterparty Cash was received provide that the pledging
of, or other granting of any Lien in, the relevant Counterparty Cash as collateral for the Obligations of the Borrower or a Subsidiary
Guarantor under the Loan Documents shall constitute or result in a breach, termination, default or invalidity under any such agreement,
provided, however, that such Counterparty Cash shall be an Excluded Asset only to the extent and for so long as the
consequences specified above shall exist, and shall cease to be an Excluded Asset and shall become subject to the security interest
granted under the Security Documents, immediately and automatically, at such time as such consequences shall no longer exist; and
provided, further, that any Lien the Borrower or any Subsidiary Guarantor may have in any such Counterparty Cash
shall not be deemed to be an Excluded Asset under this clause (ix) and such Lien shall follow and be treated as part of the underlying
agreement (including any Commodity Hedging Obligations) which agreement (including any Commodity Hedging Obligations) shall (to
the extent applicable) be subject to the terms and conditions of clause (i) of this definition;

 

(x)              any Account of NRG Power Marketing solely to the extent that (a) such Account relates to the sale by NRG Power Marketing
of power or capacity that was purchased by NRG Power Marketing from an Excluded Project Subsidiary or from a third party for the
benefit of an Excluded Project Subsidiary and (b) the grant of a security interest in such Account under the Security Documents
shall constitute or result in a breach,

 

    25

     

    

 

termination or default under any agreement or instrument governing the applicable Non-Recourse
Debt of such Subsidiary;

 

(xi)             
the working capital account of Camas Power Boiler Inc. and any trust, fiduciary, cash collateral or regulatory or contractually
restricted deposit or securities account of Energy Protection Insurance Company (Vermont) but only to the extent that any agreements
governing such deposit or securities account provide that the pledging of, or other granting of any Lien in, the relevant deposit
or securities account, and any cash, Cash Equivalents and/or other securities or investments substantially comparable to Cash Equivalents,
and other funds and investments held therein and the proceeds thereof, as collateral for the Obligations of the Borrower or a Subsidiary
Guarantor under the Loan Documents shall constitute or result in a breach, termination, default or invalidity under any such agreement,
provided, however, that such deposit or securities account shall be an Excluded Asset only to the extent and for
so long as the consequences specified above shall exist, and shall cease to be an Excluded Asset pursuant to this clause (xi) and
shall become subject to the security interest granted under the Security Documents, immediately and automatically, at such time
as such consequences shall no longer exist (unless otherwise constituting an Excluded Asset); and provided, further,
that any Lien the Borrower or any Subsidiary Guarantor may have in any such deposit or securities account shall not be deemed to
be an Excluded Asset under this clause (xi) and such Lien shall follow and be treated as part of the underlying agreement which
agreement shall (to the extent applicable) be subject to the terms and conditions of clause (i) of this definition;

 

(xii)           
all properties and assets of the Borrower or any of its Restricted Subsidiaries (other than Equity Interests) secured by
Indebtedness permitted by Section 6.01(b)(iv) or, at the election of the Borrower pursuant to an Officer’s Certificate delivered
to the Administrative Agent and the Collateral Trustee, Indebtedness with respect to Tax-Exempt Bonds permitted under Section 6.01
in an aggregate principal amount at any time outstanding not to exceed $500,000,000 that is secured by a Permitted Lien only on
the Facility with respect to which such Tax-Exempt Bonds shall relate (and related assets of the obligor thereunder) and not by
any Collateral, in each case, so long as the granting of a Lien in favor of the Secured Parties would constitute or result in a
breach, termination or default under any agreement or instrument governing such applicable Indebtedness permitted by Section 6.01(b)(iv)
or such Indebtedness with respect to Tax-Exempt Bonds permitted under Section 6.01, as the case may be, and such properties or
assets shall cease to be Excluded Assets once such prohibition ceases to exist and shall immediately and automatically become subject
to the security interest granted under the Security Documents;

 

(xiii)         
any other property and assets (a) that have been designated as Excluded Assets in reliance on this clause (xiii) prior to
the Fourth Amendment Effective Date and/or (b) designated as Excluded Assets to the Administrative Agent in writing by the Borrower
on or after the Fourth Amendment Effective Date which shall not have, when taken together with all other property and assets that
constitute Excluded Assets at the relevant time of determination by virtue of the operation of this clause (xiii), (b) a Fair
Market Value determined as of the date of such designation as an Excluded Asset exceeding $750,000,000 in the aggregate at any
time outstanding (the “General Excluded Assets Basket”) (it being understood, however, that for the avoidance
of doubt, in respect of any Excluded Asset designated as such prior to such date of determination, the Fair Market Value of such
previously designated Excluded Assets shall be the same as the Fair Market Value initially assigned to such assets) (and, to the
extent that the Fair Market Value thereof shall exceed $750,000,000 in the aggregate, such property or assets shall cease to be
an

 

    26

     

    

 

Excluded Asset to the extent of such excess Fair Market Value and shall become subject to the security interest granted under
the Security Documents, immediately and automatically, at such time as such amount is exceeded); for the avoidance of doubt, at
any time the Borrower elects to have an Excluded Asset become part of the Collateral and cease to be an Excluded Asset, or at any
time an Excluded Asset becomes an asset of an Unrestricted Subsidiary, an Excluded Project Subsidiary or an Excluded Foreign Subsidiary,
or is sold or otherwise disposed of to a third party that is not a Subsidiary in accordance with the terms hereof, the Fair Market
Value (as determined as of the date of such designation as an Excluded Asset) of any such asset shall not be taken into account
for purposes of determining compliance with the General Excluded Assets Basket and an amount equal to the Fair Market Value of
such asset (as determined as of the date of such designation as an Excluded Asset) will become available under the General Excluded
Assets Basket for use by the Borrower pursuant to this clause (xiii);

 

(xiv)         
any Intellectual Property (as defined in the Guarantee and Collateral Agreement) if and to the extent a grant of a security
interest therein will result in the loss, abandonment or termination of any material right, title or interest in or to such Intellectual
Property (including United States intent-to-use trademark or service mark applications); provided, however, that
such Intellectual Property shall be an Excluded Asset only to the extent and for so long as the consequences specified above shall
exist and shall cease to be an Excluded Asset and shall become subject to the security interest granted under the Security Documents,
immediately and automatically, at such time as such consequences shall no longer exist;

 

(xv)           
upon the sale of such assets to a Securitization Vehicle in accordance with the provisions of this Agreement, the Securitization
Assets and, in the event that the pledge of any Sellers’ Retained Interest in respect of any such Securitization Vehicle
shall be prohibited by the governing documentation with respect to the applicable Securitization or any other Permitted Securitization
Indebtedness and/or any Sellers’ Retained Interest are pledged to secure any other Permitted Securitization Indebtedness,
such Sellers’ Retained Interest;

 

(xvi)         
payments in respect of Securitization Assets, while such amounts are in a lockbox, collateral account or similar account
established pursuant to a Securitization to receive collections of Securitization Assets; and

 

(xvii)       
unless otherwise elected by the Borrower in its discretion and designated by the Borrower to the Administrative Agent in
writing, (a) the Equity Interests owned by the Borrower or any of its Restricted Subsidiaries in and all properties and assets
of each of the following Subsidiaries: (1) NRG Harrisburg Cooling LLC and (2) Camas Power Boiler Limited Partnership and (b)(1)
the leasehold interest of Middletown Power LLC to GenConn Middletown LLC and (2) the leasehold interest of Devon Power LLC to GenConn
Devon LLC.

 

“Excluded
Foreign Subsidiary” shall mean, at any time, any Foreign Subsidiary that is a Restricted Subsidiary and that is (or is
treated as) for United States federal income tax purposes either (a) a corporation or (b) a pass-through entity owned directly
or indirectly by another Foreign Subsidiary that is (or is treated as) a corporation. The Excluded Foreign Subsidiaries on the
Fifth Amendment Effective Date are set forth on Schedule 1.01(a).

 

“Excluded
Information” shall have the meaning assigned to such term in Section 2.12(e).

 

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“Excluded
Perfection Assets” shall mean any property or assets that (i) do not have a Fair Market Value at any time exceeding $50,000,000
(or, if such property or asset is a Deposit Account or Securities Account, $10,000,000) individually or $100,000,000 in the aggregate
in which a security interest cannot be perfected by the filing of a financing statement under the UCC of the relevant jurisdiction
or, in the case of Equity Interests, either the filing of a financing statement under the UCC of the relevant jurisdiction or the
possession of certificates representing such Equity Interests, (ii) constitute leasehold interests of the Borrower or any
of its Restricted Subsidiaries in real property (other than any real property constituting a Facility), (iii) constitute any
Deposit Account that is a “zero-balance” account (as long as (x) the balance in such “zero balance” account
does not exceed at any time the applicable threshold described in clause (i) above for a period of 24 consecutive hours or more
(except during days that are not Business Days) and (y) all amounts in such “zero-balance” account shall either be
swept on a daily basis (except on days that are not Business Days) into another Deposit Account that does not constitute an Excluded
Perfection Asset or used for third party payments in the ordinary course of business), (iv) constitute motor vehicles and other
assets subject to certificates of title to the extent a Lien thereupon cannot be perfected by the filing of a UCC financing statement
and (v) constitute Intellectual Property over which a Lien is required to be perfected by actions in any jurisdiction other than
the United States. To the extent that the Fair Market Value of any such property or asset exceeds $50,000,000 (or, if such property
or asset is a Deposit Account or Securities Account, $10,000,000) individually, such property or asset shall cease to be an Excluded
Perfection Asset and, to the extent that the Fair Market Value of such property or assets shall exceed $100,000,000 in the aggregate
at any time, such property or assets shall cease to be Excluded Perfection Assets to the extent of such excess Fair Market Value.

 

“Excluded
Proceeds” shall mean (a) any Net Proceeds of an Asset Sale involving (i) the sale of up to $300,000,000 in the aggregate
received since the Closing Date from one or more Asset Sales of Equity Interests in, or property or assets of, any Foreign Subsidiaries
or any Foreign Subsidiary Holding Company and (ii) the sale of up to $50,000,000 of assets per year, in either event if and to
the extent such Net Proceeds are designated by a Responsible Officer of the Borrower as Excluded Proceeds and (b) any Net Proceeds
of a Specified Asset Sale.

 

“Excluded
Project Subsidiary” shall mean, at any time, any Restricted Subsidiary that (a) is an obligor (or, in the case of a Restricted
Subsidiary of an Excluded Project Subsidiary that is such an obligor and is in a business that is related to the business of such
Excluded Project Subsidiary that is such an obligor, is otherwise bound, or its property is subject to one or more covenants and
other terms of any Non-Recourse Debt outstanding at such time, regardless of whether such Restricted Subsidiary is a party to the
agreement evidencing the Non-Recourse Debt (unless otherwise expressly elected by the Borrower in its sole discretion with respect
to any such Subsidiaries)) with respect to any Non-Recourse Debt outstanding at such time, in each case if and for so long as the
grant of a security interest in the property or assets of such Subsidiary, or the guarantee by such Subsidiary of the Obligations,
or the pledge of the Equity Interests of such Subsidiary, in each case in favor of the Collateral Trustee, for the benefit of the
Secured Parties, shall constitute or result in a breach, termination or default under the agreement or instrument governing the
applicable Non-Recourse Debt; provided that such Subsidiary shall be an Excluded Project Subsidiary only to the extent that
and for so long as the requirements and consequences above shall exist; or (b) is not an obligor with respect to any such Non-Recourse
Debt as described in clause (a), but is designated by the Borrower as an Excluded Project Subsidiary under and in accordance with
this Agreement; and provided, further, that the aggregate Fair Market Value of all outstanding Investments owned
by the Borrower and its Restricted Subsidiaries in the Subsidiary designated as an Excluded Project Subsidiary will be deemed to
be an Investment made as of the time of the designation and will reduce the amount available for Restricted Payments under the
provisions of Section 6.06 or under one or more clauses of the definition of Permitted Investments,

 

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as determined by the Borrower.
The Excluded Project Subsidiaries on the Fifth Amendment Effective Date are set forth on Schedule 1.01(b).

 

“Excluded
Subsidiary” shall mean (a) an Excluded Foreign Subsidiary, (b) an Excluded Project Subsidiary, (c) any
other Subsidiary all of whose assets constitute Excluded Assets pursuant to clause (xiii) of the definition of “Excluded
Assets”, (d) the Funded L/C SPV, (e) any captive insurance Subsidiary, (f) any not-for-profit Subsidiary, (g) any Immaterial
Subsidiary or (h) any special purpose vehicle, including any Securitization Vehicle. For the avoidance of doubt, it is understood
and agreed that all assets of an Excluded Subsidiary acquired after the designation as such pursuant to clause (c) above, and for
as long as such designation remains effective, shall be Excluded Assets.

 

“Excluded
Subsidiary Debt Agreement” shall mean the agreement or documents governing the relevant Indebtedness referred to in the
definition of “Excluded Subsidiary Debt Default.”

 

“Excluded
Subsidiary Debt Default” shall mean, with respect to any Excluded Subsidiary, the failure of such Excluded Subsidiary
to pay any principal or interest or other amounts due in respect of any Indebtedness, when and as the same shall become due and
payable, or the occurrence of any other event or condition that results in any Indebtedness of such Excluded Subsidiary becoming
due prior to its scheduled maturity or that enables or permits (with or without the giving of notice, lapse of time or both) the
holder or holders of such Indebtedness or any trustee or agent on its or their behalf to cause such Indebtedness to become due,
or to require the prepayment, repurchase, redemption or defeasance thereof, prior to its scheduled maturity.

 

“Excluded
Taxes” shall mean, with respect to the Administrative Agent, any Lender, the Issuing Banks and any other recipient of
any payment to be made by or on account of any obligation of the Borrower hereunder, (a) income or franchise taxes imposed on (or
measured in whole or in part by) each such Person’s net income by the United States of America (or any political subdivision
thereof), or as a result of a present or former connection between such recipient and the jurisdiction imposing such tax (or any
political subdivision thereof), other than any such connection arising solely from such recipient having executed, delivered or
performed its obligations or received a payment under, received or perfected a security interest under, engaged in any other transaction
pursuant to, or enforced, this Agreement or any other Loan Document, or sold or assigned any interest in any Loan Document, (b)
in the case of a Lender (other than an assignee pursuant to a request by the Borrower under Section 2.21(a)), any United States
federal withholding tax that is imposed on amounts payable to such Lender at the time such Lender becomes a party to this Agreement
(or designates a new lending office), except to the extent that such Lender (or its assignor, if any) was entitled, at the time
of designation of a new lending office (or assignment), to receive additional amounts from the Borrower with respect to such withholding
tax pursuant to Section 2.20(a) (it being understood and agreed, for the avoidance of doubt, that any withholding tax imposed on
a Lender as a result of a Change in Law occurring after the time such Lender became a party to this Agreement shall not be an Excluded
Tax), (c) any withholding Taxes attributable to such Recipient’s failure to comply with paragraphs (d) and (e) of Section
2.20 and (d) any United States federal withholding Taxes imposed under FATCA.

 

“Exempt Subsidiaries”
shall mean, collectively, (i) the Excluded Project Subsidiaries and (ii) each of NRG Ilion LP LLC, NRG Ilion Limited Partnership,
Meriden Gas Turbine LLC, LSP-Nelson Energy LLC, NRG Nelson Turbines LLC, NRG McClain LLC, NRG Audrain Holding LLC, NRG Audrain
Generating LLC, NRG Peaker Finance Company LLC, NRG Rockford LLC, NRG Rockford Acquisition LLC, NRG SunCap LLC and its direct and
indirect subsidiaries and NRG Bluewater Holdings LLC and its direct and indirect subsidiaries.

 

    29

     

    

 

“Existing
Commodity Hedging Agreements” shall mean (a) the Master Power Purchase and Sale Agreement and Cover Sheet dated
as of July 21, 2004, the Confirmation thereunder dated as of July 21, 2004 and the Confirmation thereunder dated as of November
30, 2004, each between J. Aron & Company and NRG Texas Power LLC (as successor by merger), and any additional confirmations
thereunder (as the same may be amended, supplemented, replaced or otherwise modified from time to time in accordance with the terms
hereof and thereof, the “Goldman Sachs Hedge Agreement”) and (b) any other master agreement listed on Schedule
1.01(c), and any confirmations thereunder, as the same may be amended, supplemented or otherwise modified from time to time
in accordance with the terms hereof and thereof.

 

“Existing
Credit Agreement” shall have the meaning assigned to such term in the preamble.

 

“Existing
Guarantee and Collateral Agreement” shall mean the Amended and Restated Guarantee and Collateral Agreement, dated as
of July 1, 2011, among the Borrower, each Subsidiary Guarantor, Deutsche Bank Trust Company Americas, as collateral trustee, and
the other parties thereto, as amended, restated, amended and restated, supplemented or otherwise modified prior to the Closing
Date.

 

“Existing
Indebtedness” shall mean Indebtedness of the Borrower and its Subsidiaries (other than the Indebtedness under the Senior
Notes Documents) (a) in existence on the Closing Date and set forth on Schedule 6.01 and (b) in respect of the Existing
Tax-Exempt Bonds, in each case, until such amounts are repaid.

 

“Existing
Letter of Credit” shall have the meaning assigned to such term in Section 2.23(a).

 

“Existing
Tax-Exempt Bonds” shall mean (a) the Industrial Development Revenue Bonds (NRG Energy, Inc. Project) Series 2012 issued
by the City of Texas City Industrial Development Corporation, (b) the Exempt Facilities Revenue Refunding Bonds (NRG Energy Project)
Series 2020 (Non-AMT) issued by the County of Chautauqua Industrial Development Agency, (c) the Industrial Development Revenue
Bonds (NRG Energy, Inc. Project) Series 2012 issued by the Fort Bend County Industrial Development Corporation, (d) the Industrial
Development Revenue Bonds (NRG Energy, Inc. Project) Series 2012B issued by the Fort Bend County Industrial Development Corporation,
(e) the Exempt Facility Revenue Bonds (Indian River Power LLC Project) Series 2010 issued by the Delaware Economic Development
Authority and (f) the Recovery Zone Facility Bonds (Indian River Power LLC Project) issued by Sussex County, Delaware. The aggregate
principal amount of the Existing Tax-Exempt Bonds as of the Fifth Amendment Effective Date is $465,487,000.

 

“Facility”
shall mean a power or energy related facility.

 

“Fair Market
Value” shall mean the value that would be paid by a willing buyer to an unaffiliated willing seller in a transaction
not involving distress or necessity of either party, determined in good faith by a Responsible Officer of the Borrower.

 

“FATCA”
shall mean Sections 1471 through 1474 of the Tax Code, as of the Closing Date (or any amended or successor version that is substantively
comparable and not materially more onerous to comply with), any Treasury Regulation promulgated thereunder, any published administrative
guidance implementing such Sections or any agreement entered into pursuant to Section 1471(b)(1) of the Tax Code.

 

“Federal Funds
Effective Rate” shall mean, for any day, the weighted average of the rates on overnight Federal funds transactions with
members of the Federal Reserve System, as published

 

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on the next succeeding Business Day by the Federal Reserve Bank of New York,
or, if such rate is not so published for any day that is a Business Day, the average of the quotations for the day for such transactions
received by the Administrative Agent from three Federal funds brokers of recognized standing selected by it; provided that,
if negative, the Federal Funds Effective Rate shall be deemed to be 0.00%.

 

“Fees”
shall mean the Commitment Fees, the Administrative Agent’s Fees, the L/C Participation Fees, the Issuing Bank Fees and any
fees payable pursuant to Section 2.12(d).

 

“FERC”
shall mean the Federal Energy Regulatory Commission or its successor.

 

“Fifth Amendment”
shall mean the Fifth Amendment to Credit Agreement and Third Amendment to Collateral Trust Agreement, dated as of August 20, 2020,
among the Borrower, each Subsidiary Guarantor, the Administrative Agent, the Collateral Agent, the Collateral Trustee and the Lenders
party thereto.

 

“Fifth Amendment
Effective Date” shall have the meaning assigned to the term “Amendment Effective Date” in the Fifth Amendment.

 

“Fifth Amendment
Tranche A Revolving Commitments” shall have the meaning assigned to the term “New Tranche A Revolving Commitments”
in the Fifth Amendment.

 

“Financial
Officer” of any Person shall mean any of the chief executive officer, chief financial officer or treasurer (or if no
individual shall have such designation, the Person charged by the Board of Directors of such Person (or a committee thereof) with
such powers and duties as are customarily bestowed upon the individual with such designation) or the audit or finance committee
of the Board of Directors of such Person.

 

“First Amendment”
shall mean the First Amendment Agreement, dated as of January 24, 2017, among the Borrower, each Subsidiary Guarantor, the Administrative
Agent and the Lenders party thereto.

 

“First Amendment
Effective Date” shall have the meaning assigned to such term in the First Amendment.

 

“Fitch”
means Fitch Ratings Inc. or any successor entity.

 

“Fixed Charge
Coverage Ratio” shall mean with respect to any specified Person for any period, the ratio of the Consolidated Cash Flow
of such Person for such period to the Fixed Charges of such Person paid or payable in cash for such period. In the event that the
specified Person or any of its Restricted Subsidiaries incurs, assumes, Guarantees, repays, repurchases, redeems, defeases or otherwise
discharges any Indebtedness (other than ordinary working capital borrowings) or issues, repurchases or redeems preferred stock
subsequent to the commencement of the period for which the Fixed Charge Coverage Ratio is being calculated and on or prior to the
date on which the event for which the calculation of the Fixed Charge Coverage Ratio is made (for purposes of this definition,
the “Calculation Date”), then the Fixed Charge Coverage Ratio will be calculated giving pro forma effect
to such incurrence, assumption, Guarantee, repayment, repurchase, redemption, defeasance or other discharge of Indebtedness, or
such issuance, repurchase or redemption of preferred stock, and the use of the proceeds therefrom, as if the same had occurred
at the beginning of the applicable four-quarter reference period.

 

In addition, for purposes
of calculating the Fixed Charge Coverage Ratio:

 

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(a)               
Investments and acquisitions that have been made by the specified Person or any of its Restricted Subsidiaries, including
through mergers or consolidations, or any Person or any of its Restricted Subsidiaries acquired by the specified Person or any
of its Restricted Subsidiaries, and including any related financing transactions and including increases in ownership of Restricted
Subsidiaries, during the four-quarter reference period or subsequent to such reference period and on or prior to the Calculation
Date will be given pro forma effect (in accordance with Regulation S-X, but including all Pro Forma Cost Savings) as if
they had occurred on the first day of the four-quarter reference period and Consolidated Cash Flow for such reference period will
be calculated on the same pro forma basis;

 

(b)                the
Consolidated Cash Flow attributable to discontinued operations, as determined in accordance with GAAP, and operations or businesses
(and ownership interests therein) disposed of prior to the Calculation Date, will be excluded;

 

(c)               
the Fixed Charges attributable to discontinued operations, as determined in accordance with GAAP, and operations or businesses
(and ownership interests therein) disposed of prior to the Calculation Date, will be excluded, but only to the extent that the
obligations giving rise to such Fixed Charges will not be obligations of the specified Person or any of its Restricted Subsidiaries
following the Calculation Date;

 

(d)               
any Person that is a Restricted Subsidiary on the Calculation Date will be deemed to have been a Restricted Subsidiary at
all times during such four-quarter reference period;

 

(e)               
any Person that is not a Restricted Subsidiary on the Calculation Date will be deemed not to have been a Restricted Subsidiary
at any time during such four-quarter reference period; and

 

(f)                 if
any Indebtedness that is being incurred on the Calculation Date bears a floating rate of interest, the interest expense on such
Indebtedness will be calculated as if the rate in effect on the Calculation Date had been the applicable rate for the entire period
(taking into account any Hedging Obligation applicable to such Indebtedness).

 

If since the beginning
of such period any Person (that subsequently became a Restricted Subsidiary or was merged with or into the Borrower or any Restricted
Subsidiary since the beginning of such period) shall have made any Investment, acquisition, disposition, merger, consolidation
or disposed operation that would have required adjustment pursuant to this definition, then the Fixed Charge Coverage Ratio shall
be calculated giving pro forma effect thereto (including any Pro Forma Cost Savings) for such period as if such Investment,
acquisition or disposition, or classification of such operation as discontinued had occurred at the beginning of the applicable
four-quarter reference period.

 

“Fixed Charges”
shall mean, with respect to any specified Person for any period, the sum, without duplication, of (a) the consolidated interest
expense of such Person and its Restricted Subsidiaries (other than interest expense of any Excluded Subsidiary the Consolidated
Cash Flow of which is excluded from the Consolidated Cash Flow of such Person pursuant to the definition of Consolidated Cash Flow
hereof) for such period, whether paid or accrued, including amortization of debt issuance costs and original issue discount, non-cash
interest payments, the interest component of any deferred payment obligations, the interest component of all payments associated
with Capital Lease Obligations, imputed interest with respect to Attributable Debt, and net of the effect of all payments made
or received pursuant to Hedging Obligations in respect of interest rates; plus (b) the consolidated interest of such Person
and its Restricted Subsidiaries that was capitalized during such period, plus (c) any interest accruing on Indebtedness
of another Person that is

 

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Guaranteed by such Person or one of its Restricted Subsidiaries or secured by a Lien on assets of such
Person or one of its Restricted Subsidiaries, whether or not such Guarantee or Lien is called upon; provided that in no
event shall any commissions, discounts, fees or charges in respect of, any Indebtedness of any L/C Securities Issuer be included
in this clause (c), plus (d) the product of (i) all dividends, whether paid or accrued and whether or not in cash, on any
series of preferred stock of such Person or any of its Restricted Subsidiaries, other than dividends on Equity Interests payable
in Equity Interests of the Borrower (other than Disqualified Stock) or to the Borrower or a Restricted Subsidiary, times
(ii) a fraction, the numerator of which is one and the denominator of which is one minus the then current combined federal, state
and local statutory tax rate of such Person, expressed as a decimal, in each case, on a consolidated basis and in accordance with
GAAP, minus (e) interest income for such period.

 

“Foreign Lender”
shall mean any Lender that is organized under the laws of a jurisdiction other than that in which the Borrower is incorporated
or organized. For purposes of this definition, the United States of America, each State thereof and the District of Columbia shall
be deemed to constitute a single jurisdiction.

 

“Foreign Subsidiary”
shall mean any Restricted Subsidiary that is (a) not a Domestic Subsidiary or (b) a Foreign Subsidiary Holding Company.

 

“Foreign Subsidiary
Holding Company” shall mean any Domestic Subsidiary that is a direct parent of one or more Foreign Subsidiaries and holds,
directly or indirectly, no other assets other than Equity Interests (or Equity Interests and Indebtedness) of Foreign Subsidiaries
and other de minimis assets related thereto.

 

“Fourth Amendment”
shall mean the Fourth Amendment Agreement, dated as of May 28, 2019, among the Borrower, each Subsidiary Guarantor, the Administrative
Agent, the Collateral Agent and the Lenders party thereto.

 

“Fourth Amendment
Effective Date” shall have the meaning assigned to the term “Amendment Effective Date” in the Fourth Amendment.

 

“FPA”
shall mean the Federal Power Act and the rules and regulations promulgated thereunder, as amended from time to time.

 

“FPA-Jurisdictional
Subsidiary Guarantor” shall have the meaning assigned to such term in Section 3.23(b).

 

“FPA MBR Authorizations,
Exemptions and Waivers” shall have the meaning assigned to such term in Section 3.23(b).

 

“Funded L/C
Collateral Accounts” shall mean, collectively, one or more operating, certificates of deposits, securities accounts and/or
investment accounts of, and established by, one or more LC Issuers (at the request of the Funded L/C SPV), which shall be blocked
accounts in the name of the Funded L/C SPV and subject to the control of such applicable LC Issuer, in each case that shall cash
collateralize obligations in respect of Cash Collateralized Letter of Credit Facilities.

 

“Funded L/C
SPV” shall mean NRG LC Facility Company LLC, a Delaware limited liability company and a Subsidiary whose Equity Interests,
other than any preferred interests owned by any LC Issuer or other Persons on behalf of, or at the request of, any LC Issuer in
connection with Cash Collateralized Letter of Credit Facilities, are owned directly or indirectly by the

 

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Borrower or a newly established
Domestic Subsidiary designated in writing by the Borrower as the successor thereto.

 

“Funded L/C
SPV Contribution” shall mean each contribution by the Borrower of the cash proceeds of Revolving Loans, New Term Loans,
Refinancing Term Loans, Incremental Equivalent Debt or Indebtedness permitted under Section 6.01(b)(xxiv) made to the Borrower
at any time after the Closing Date to the Funded L/C SPV as a contribution to the common Equity Interests of the Funded L/C SPV
(or in exchange for common Equity Interests of the Funded L/C SPV), and the deposit by the Funded L/C SPV of such cash proceeds
in one or more Funded L/C Collateral Accounts for the sole purpose of cash collateralizing the Funded L/C SPV’s obligations
to one or more LC Issuers pursuant to and in accordance with the terms and provisions of Cash Collateralized Letter of Credit Facilities.

 

“Funded L/C
SPV Guarantee” shall mean, in respect of any Cash Collateralized Letter of Credit Facility, the unsecured limited recourse
Guarantee by the Borrower of the obligations of the Funded L/C SPV thereunder, which Guarantee shall be limited at all times to
an aggregate amount not to exceed 15% of the aggregate amount of such Cash Collateralized Letter of Credit Facility.

 

“GAAP”
shall mean generally accepted accounting principles set forth in the opinions and pronouncements of the Accounting Principles Board
of the American Institute of Certified Public Accountants and statements and pronouncements of the Financial Accounting Standards
Board or in such other statements by such other entity as have been approved by a significant segment of the accounting profession,
which are in effect from time to time; provided, however, that if any operating lease would be considered a capital
lease due to changes in the accounting treatment of leases under GAAP since the Closing Date (whether or not such lease was in
effect on the Closing Date), then solely with respect to the accounting treatment of any such lease, GAAP shall be interpreted
as it was in effect on the Closing Date and such lease shall not be considered a capital lease or otherwise constitute Indebtedness
hereunder.

 

“General Excluded
Assets Basket” shall have the meaning assigned to such term in the definition of Excluded Assets.

 

“GHG Protocol”
shall mean the World Resources Institute/World Business Council for Sustainable Development Greenhouse Gas Protocol: A Corporate
Accounting and Reporting Standard, Revised Edition.

 

“Goldman Sachs
Hedge Agreement” shall have the meaning given to such term in clause (a) of the definition of “Existing Commodity
Hedging Agreements.”

 

“Governmental
Authority” shall mean any nation or government, any state, province, territory or other 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, or any
governmental or non-governmental authority regulating the generation and/or transmission of energy, including ERCOT.

 

“Granting
Lender” shall have the meaning assigned to such term in Section 9.04(j).

 

“Greenhouse
Gas Emission Amount” shall mean the total annual carbon dioxide equivalents (CO2e) consisting of carbon dioxide
(CO2), methane (CH4) and nitrous oxide (N2O), that constitute Scope 1 emissions (as defined in
the GHG Protocol) from fuel combustion in boilers, turbines and engines used for the production of wholesale electric power at
facilities owned or

 

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controlled by the
Borrower and its Subsidiaries, measured in millions of metric tons (mTCO2 e), as certified by the Borrower in the applicable
Pricing Certificate.

 

“Guarantee”
shall mean a guarantee other than by endorsement of negotiable instruments for collection in the ordinary course of business, direct
or indirect, in any manner, including by way of a pledge of assets or through letters of credit or reimbursement agreements in
respect thereof, of all or any part of any Indebtedness (whether arising by virtue of partnership arrangements, or by agreements
to keep-well, to purchase assets, goods, securities or services, to take or pay or to maintain financial statement conditions or
otherwise).

 

“Guarantee
and Collateral Agreement” shall mean the Second Amended and Restated Guarantee and Collateral Agreement, dated as of
the Closing Date, among the Borrower, each Subsidiary Guarantor, the Collateral Trustee and the other parties thereto, as may be
further amended, restated, amended and restated, supplemented or otherwise modified from time to time in accordance with the terms
thereof.

 

“Guaranteed
Obligations” shall mean the Credit Agreement Borrower Obligations and the Guarantor Obligations in respect thereof, in
each case as such terms are defined in the Guarantee and Collateral Agreement.

 

“Hazardous
Materials” shall mean (a) any petroleum products or byproducts, coal ash, coal combustion by-products or waste,
boiler slag, scrubber residue, flue desulfurization material, radon gas, asbestos, urea formaldehyde foam insulation, polychlorinated
biphenyls, radioactive materials, radioactive waste or radioactive byproducts, chlorofluorocarbons and all other ozone-depleting
substances and (b) any chemical, material, substance or waste that is prohibited, limited or regulated by or pursuant to any
Environmental Law.

 

“Hedging Obligations”
shall mean, with respect to any specified Person, (a) all Interest Rate/Currency Hedging Obligations, (b) all Commodity Hedging
Obligations, (c) the Obligations and other obligations under any and all other rate swap transactions, basis swaps, credit derivative
transactions, forward transactions, equity or equity index swaps or options, bond or bond price or bond index swaps or options,
cap transactions, floor transactions, collar transactions or any other similar transactions or any combination of any of the foregoing
(including any options to enter into the foregoing), whether or not such transaction is governed by or subject to any Master Agreement,
and (d) the Obligations and other obligations under any and all transactions of any kind, and the related confirmations, which
are subject to the terms and conditions of, or governed by, any form of master agreement published by the International Swaps and
Derivatives Association, Inc. (or any successor thereof), 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.

 

“Immaterial
Subsidiary” shall mean, at any time, any Restricted Subsidiary that is designated by the Borrower as an “Immaterial
Subsidiary” if and for so long as such Restricted Subsidiary, together with all other Immaterial Subsidiaries, has (a) total
assets at such time not exceeding 5.00% of the Borrower’s consolidated assets as of the most recent fiscal quarter for which
balance sheet information is available and (b) total revenues and operating income for the most recent 12-month period for which
income statement information is available not exceeding 5.00% of the Borrower’s consolidated revenues and operating income,
respectively; provided that such Restricted Subsidiary shall be an Immaterial Subsidiary only to the extent that and for
so long as all of the above requirements are satisfied.

 

“Increased
Amount Date” shall have the meaning provided in Section 2.24(a).

 

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“Incremental
Equivalent Debt” shall have the meaning provided in Section 6.01(b)(xxiii).

 

“incur”
shall have the meaning assigned to such term in Section 6.01.

 

“Indebtedness”
shall mean, with respect to any specified Person, any indebtedness of such Person (excluding accrued expenses and trade payables
except as provided in clause (e) below), whether or not contingent (a) in respect of borrowed money; (b) evidenced by bonds, notes,
debentures or similar instruments or letters of credit (or reimbursement agreements in respect thereof); (c) in respect of banker’s
acceptances; (d) representing Capital Lease Obligations or Attributable Debt in respect of sale and leaseback transactions; (e)
representing the balance deferred and unpaid of the purchase price of any property (including trade payables) or services due more
than six months after such property is acquired or such services are completed; or (f) representing the net amount owing under
any Hedging Obligations, if and to the extent any of the preceding items (other than letters of credit, Attributable Debt and Hedging
Obligations) would appear as a liability upon a balance sheet of the specified Person prepared in accordance with GAAP. In addition,
the term “Indebtedness” includes all Indebtedness of others secured by a Lien on any asset of the specified Person
(whether or not such Indebtedness is assumed by the specified Person) and, to the extent not otherwise included, the Guarantee
by the specified Person of any Indebtedness of any other Person; provided that the amount of such Indebtedness shall be
deemed not to exceed the lesser of the amount secured by such Lien and the value of the Person’s property securing such Lien.

 

“Indebtedness
Obligations” shall mean any principal, interest, penalties, fees, indemnifications, reimbursements, damages and other
liabilities payable under the documentation governing any Indebtedness.

 

“Indemnified
Taxes” shall mean (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 clause (a), Other
Taxes.

 

“Indemnitee”
shall have the meaning assigned to such term in Section 9.05(b).

 

“Indenture
Total Debt” shall mean, as of any date of determination, the aggregate principal amount of Indebtedness of the Borrower
and its Restricted Subsidiaries (other than Excluded Project Subsidiaries) outstanding on such date, determined on a consolidated
basis in accordance with GAAP, net of any cash and Cash Equivalents on deposit in a blocked account with one or more financial
institutions as collateral to secure outstanding Indebtedness (including letters of credit) of the Borrower or its Restricted Subsidiaries,
which account is subject to the control of the lender (including any letter of credit issuer) of such Indebtedness or its affiliates
or any agent or trustee with respect to such Indebtedness; provided that (a) Indenture Total Debt will include only the
amount of payments that the Borrower or any of its Restricted Subsidiaries (other than Excluded Project Subsidiaries) would be
required to make, on the date the Indenture Total Debt is being determined, in the event of any early termination or similar event
on such date of determination and (b) for the avoidance of doubt, Indenture Total Debt will not include the undrawn amount of any
outstanding letters of credit.

 

“Independent
Financial Advisor” shall mean an accounting, appraisal, investment banking firm or consultant to Persons engaged in a
Permitted Business of nationally recognized standing that is, in the good faith judgment of the Borrower, qualified to perform
the task for which it has been engaged.

 

“Information”
shall have the meaning assigned to such term in Section 9.16.

 

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“Intellectual
Property Collateral” shall have the meaning assigned to such term in the Guarantee and Collateral Agreement.

 

“Intellectual
Property Security Agreement” shall mean all Intellectual Property Security Agreements executed and delivered by the Loan
Parties, each substantially in the applicable form required by the Guarantee and Collateral Agreement, as the same may be amended,
restated, amended and restated, supplemented or otherwise modified from time to time in accordance with the terms hereof and thereof.

 

“Interest
Payment Date” shall mean (a) with respect to any ABR Loan (other than a Swingline Loan), the last Business Day of
each March, June, September and December (beginning with September 30, 2016), (b) with respect to any Eurodollar Loan, the last
day of the Interest Period applicable to the Borrowing of which such Loan is a part and, in the case of a Eurodollar Borrowing
with an Interest Period of more than three months’ duration, each day that would have been an Interest Payment Date had successive
Interest Periods of three months’ duration been applicable to such Borrowing, and (c) with respect to any Swingline
Loan, the day that such Loan is required to be repaid.

 

“Interest
Period” shall mean, with respect to any Eurodollar Borrowing, the period commencing on the date of such Borrowing
and ending seven days thereafter or on the numerically corresponding day in the calendar month that is 1, 2, 3 or 6 months
thereafter (or 12 months thereafter if, at the time of the relevant Borrowing, an interest period of such duration is available
to all Lenders participating therein), as the Borrower may elect; provided, however, that (i) if any Interest Period
would end on a day other than a Business Day, such Interest Period shall be extended to the next succeeding Business Day unless
such next succeeding Business Day would fall in the next calendar month, in which case such Interest Period shall end on the next
preceding Business Day and (ii) any Interest Period (other than an Interest Period of seven days) that commences on the last Business
Day of a calendar month (or on a day for which there is no numerically corresponding day in the last calendar month of such Interest
Period) shall end on the last Business Day of the last calendar month of such Interest Period. Interest shall accrue from and including
the first day of an Interest Period to but excluding the last day of such Interest Period. For purposes hereof, the date of a Borrowing
initially shall be the date on which such Borrowing is made and thereafter shall be the effective date of the most recent conversion
or continuation of such Borrowing.

 

“Interest
Rate/Currency Hedging Agreement” shall mean any agreement of the type described in the definition of “Interest
Rate/Currency Hedging Obligations.”

 

“Interest
Rate/Currency Hedging Obligations” shall mean, with respect to any specified Person, the obligations of such Person under
(a) interest rate swap agreements (whether from fixed to floating or from floating to fixed), interest rate cap agreements, interest
rate collar agreements, interest rate floor transactions or any other similar transactions or any combination of the foregoing
(including any options to enter into the foregoing), (b) any other agreements or arrangements designed to manage interest rates
or interest rate risk and (c) any agreements or arrangements designed to protect such Person against fluctuations in currency exchange
rates, including currency swap transactions, cross-currency rate swap transactions, currency options, spot contracts, forward foreign
exchange transactions or any combination of any of the foregoing (including any options to enter into the foregoing), whether or
not such transaction is governed by or subject to any Master Agreement, in each case under clauses (a), (b) and (c), entered into
by such Person and not for speculative purposes.

 

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“Interpolated
Screen Rate” shall mean, in relation to LIBO Rate for any Loan denominated in dollars, the rate which results from interpolating
on a linear basis between: (a) the rate appearing on the LIBOR01 page of ICE Benchmark Administration Limited (or on any successor
or substitute page of such service) for the longest period (for which that rate is available) which is less than the Interest Period;
and (b) the rate appearing on the LIBOR01 page of ICE Benchmark Administration Limited (or on any successor or substitute page
of such service) for the shortest period (for which that rate is available) which exceeds the Interest Period each as of approximately
11:00 a.m., London time, two Business Days prior to the commencement of such Interest Period.

 

“Investment
Grade Rating” shall mean, as applicable, a rating (a) Baa3 or better by Moody’s, (b) BBB- or better by S&P,
(c) BBB- or better by Fitch, (d) the equivalent of such rating by such organization or (e) if another Rating Agency has been selected
by the Borrower, the equivalent of such rating by such other Rating Agency.

 

“Investments”
shall mean, with respect to any Person, all direct or indirect investments by such Person in other Persons (including Affiliates)
in the forms of loans (including Guarantees or other obligations), advances or capital contributions (excluding commission, travel
and similar advances to officers and employees), purchases or other acquisitions for consideration of Indebtedness, Equity Interests
or other securities, together with all items that are or would be classified as investments on a balance sheet prepared in accordance
with GAAP. If the Borrower or any Subsidiary sells or otherwise disposes of any Equity Interests of any direct or indirect Subsidiary
such that, after giving effect to any such sale or disposition, such Person is no longer a Subsidiary, the Borrower will be deemed
to have made an Investment on the date of any such sale or disposition equal to the Fair Market Value of the Borrower’s Investments
in such Subsidiary that were not sold or disposed of in an amount determined as provided in the final paragraph of Section 6.06(b).
The acquisition by the Borrower or any Subsidiary of a Person that holds an Investment in a third Person will be deemed to be an
Investment by the Borrower or such Subsidiary in such third Person in an amount equal to the Fair Market Value of the Investments
held by the acquired Person in such third Person in an amount determined as provided in the final paragraph of Section 6.06(b).
Except as otherwise provided in this Agreement, the amount of an Investment will be determined at the time the Investment is made
and without giving effect to subsequent changes in value; provided that, to the extent, if any, that a Guarantee and/or
credit support results in an Investment, the amount of such Investment will be (x) the fair market value thereof determined first
as of the time such Investment is made and thereafter on an annual basis, (y) zero upon such Guarantee and/or credit support being
released or terminated and (z) the fair market value of such Guarantee and/or credit support determined as of the time of any modification
thereof, if modified or amended.

 

Notwithstanding anything
to the contrary herein, in the case of any Investment made by the Borrower or a Restricted Subsidiary in a Person substantially
concurrently with a cash distribution by such Person to the Borrower or a Subsidiary Guarantor (a “Concurrent Cash Distribution”),
then (a) the Concurrent Cash Distribution shall be deemed to be Net Proceeds received in connection with an Asset Sale and applied
as set forth above under Sections 2.13(b) and 6.04 and (b) the amount of such Investment shall be deemed to be the Fair Market
Value of the Investment, less the amount of the Concurrent Cash Distribution.

 

“Issue Date”
shall mean May 24, 2011.

 

“Issuing Bank”
shall mean, as the context may require, each of (a) BANA, Barclays, BNPP, CNA, CS, DB, JPM, MSB, Natixis, Bank of Montreal, Chicago
Branch, and/or any of their respective affiliates, each in its capacity as the issuer of Letters of Credit issued by it hereunder,
and (b) any other Lender that may become an Issuing Bank pursuant to Section 2.23(i) or 2.23(k),

 

    38

     

    

 

with respect to Letters of
Credit issued by such Lender. Unless otherwise specified, in respect of any Letters of Credit, “Issuing Bank” shall
refer to the applicable Issuing Bank which has issued such Letter of Credit. Each Issuing Bank may, in its discretion, arrange
for one or more Letters of Credit to be issued by Affiliates of such Issuing Bank, in which case the term “Issuing Bank”
shall include any such Affiliate with respect to Letters of Credit issued by such Affiliate.

 

“Issuing Bank
Fees” shall have the meaning assigned to such term in Section 2.05(c).

 

“Joinder Agreement”
shall mean an agreement substantially in the form of Exhibit D.

 

“JPM”
shall have the meaning assigned to such term in the preamble.

 

“Judgment
Currency” shall have the meaning assigned to such term in Section 9.27(a).

 

“Judgment
Currency Conversion Date” shall have the meaning assigned to such term in Section 9.27(a).

 

“KPI Metrics”
shall mean the Greenhouse Gas Emission Amount and the Revenue Carbon Intensity.

 

“KPI Metric
Auditor” shall mean KPMG LLP or other independent public accountants of recognized national standing, in each case acting
in its capacity as an independent auditor of the Borrower, designated from time to time by the Borrower, provided that such
replacement KPI Metric Auditor shall be reasonably acceptable to the Sustainability Structuring Agent and shall apply substantially
the same auditing standards and methodology used in the 2018 Baseline Sustainability Report.

 

“L/C Commitment”
shall mean the commitment of each Issuing Bank to issue Letters of Credit pursuant to Section 2.23.

 

“L/C Disbursement”
shall mean a payment or disbursement made by the Issuing Bank pursuant to a Letter of Credit.

 

“L/C Fee Payment
Date” shall have the meaning assigned to such term in Section 2.05(c).

 

“L/C Participation
Fee” shall have the meaning assigned to such term in Section 2.05(c).

 

“L/C Securities
Financing” shall mean any financing arrangement involving the issuance by any L/C Securities Issuer of securities to
institutional investors and consummated for the purposes of providing letters or credit or other credit support on behalf of the
Borrower or any Subsidiary or otherwise as a source of liquidity for the Borrower and its Subsidiaries.

 

“L/C Securities
Issuer” shall mean any Person formed for the purposes of issuing securities pursuant to any L/C Securities Financing.

 

“Latest Maturity
Date” shall mean, at any date of determination, the latest maturity date applicable to any Class of Loans or Commitments
with respect to such Class of Loans or Commitments at such time, including, for the avoidance of doubt, the latest maturity date
of any Refinancing Term Loan, Refinancing Term Commitment, Refinancing Revolving Loan or Refinancing Revolving Commitment, in each
case as extended from time to time in accordance with this Agreement.

 

    39

     

    

 

“LC Issuer”
shall mean any bank or other financial institution from time to time party to a Cash Collateralized Letter of Credit Facility in
its capacity as an issuer of letters of credit thereunder.

 

“LCT Election”
shall have the meaning assigned to such term in Section 1.05.

 

“Lender Insolvency
Event” shall mean that (a) a Lender or its Parent Company is insolvent, or is generally unable to pay its debts as they
become due, or admits in writing its inability to pay its debts as they become due, or makes a general assignment for the benefit
of its creditors, or (b) such Lender or its Parent Company is the subject of a bankruptcy, insolvency, reorganization, liquidation
or similar proceeding, or a receiver, trustee, conservator, intervenor or sequestrator or the like has been publicly appointed
for such Lender or its Parent Company, or such Lender or its Parent Company has taken any action in furtherance of or indicating
its consent to or acquiescence in any such proceeding or appointment.

 

“Lender Participation
Notice” shall have the meaning assigned to such term in Section 2.12(e)(iii).

 

“Lenders”
shall have the meaning assigned to such term in the preamble; provided that such term shall also include (a) the Persons
that become a party hereto pursuant to a Joinder Agreement and (b) any Person that has become a party hereto pursuant to an Assignment
and Assumption (other than in each case any such Person that has ceased to be a party hereto pursuant to an Assignment and Assumption).
Unless the context otherwise requires, the term “Lenders” shall include the Swingline Lender and the Issuing Banks.

 

“Letter of
Credit” shall mean, at any time, any letter of credit or bankers’ acceptance issued in dollars or an Alternative
Currency pursuant to and in accordance with the terms and provisions of Section 2.23.

 

“LIBO Rate”
shall mean with respect to any Eurodollar Borrowing denominated in dollars for any Interest Period, the rate per annum determined
by the Administrative Agent at approximately 11:00 a.m., London time, on the date that is two Business Days prior to the commencement
of such Interest Period by reference to the London Interbank Offered Rate as published by ICE Benchmark Administration Limited
or any successor rates thereto if ICE Benchmark Administration Limited is no longer making such rates available for deposits in
the currency of such Borrowing (as reflected on the applicable Reuters screen page), for a period equal to such Interest Period;
provided that, to the extent that an interest rate is not ascertainable pursuant to the foregoing provisions of this definition,
the “LIBO Rate” shall be the Interpolated Screen Rate, two Business Days before the commencement of such Interest Period.

 

“LIBOR Successor
Rate” shall have the meaning assigned to such term in Section 2.08(b).

 

“LIBOR Successor
Rate Conforming Changes” shall mean, with respect to any proposed LIBOR Successor Rate, any conforming changes to the
definition of ABR, Interest Period, timing and frequency of determining rates and making payments of interest and other administrative
matters as may be appropriate, as agreed between the Administrative Agent and the Borrower, to reflect the adoption of such LIBOR
Successor Rate and to permit the administration thereof by the Administrative Agent in a manner substantially consistent with market
practice (or, if the Administrative Agent in consultation with the Borrower determines that adoption of any portion of such market
practice is not administratively feasible or that no market practice for the administration of such LIBOR Successor Rate exists,
in such other manner of administration as the Administrative Agent determines with the consent of the Borrower). For the avoidance
of doubt,

 

    40

     

    

 

 

any amendment effectuating any LIBOR Successor Rate Conforming Changes shall be subject to the Borrower’s approval.

 

“Lien”
shall mean, with respect to any asset (a) any mortgage, deed of trust, deed to secure debt, lien (statutory or otherwise), pledge,
hypothecation, encumbrance, restriction, collateral assignment, charge or security interest in, on or of such asset; (b) the interest
of a vendor or a lessor under any conditional sale agreement, capital lease or title retention agreement (or any financing lease
having substantially the same economic effect as any of the foregoing) relating to such asset; and (c) in the case of Equity Interests
or debt securities, any purchase option, call or similar right of a third party with respect to such Equity Interests or debt securities.
For the avoidance of doubt, “Lien” shall not be deemed to include licenses of intellectual property.

 

“Limited Condition
Transaction” shall mean, any permitted acquisition or Investment (and, to the extent required to consummate such acquisition
or Investment, any Restricted Payment, Asset Sale, fundamental change or the designation as Restricted Subsidiary, Unrestricted
Subsidiary or Excluded Subsidiary) by the Borrower or one or more of its Restricted Subsidiaries permitted pursuant to this Agreement
whose consummation is not conditioned on the availability of, or on obtaining, third party financing.

 

“Liquidity
Facility” shall mean (a) any bilateral letter of credit facility, (b) any secured or unsecured letter of credit facility
linked to credit default swaps or similar instruments or (c) any other alternative liquidity facility used to provide, support
or cash collateralize letters of credit issued on behalf of the Borrower or any Restricted Subsidiary.

 

“Loan Documents”
shall mean this Agreement, any promissory note delivered pursuant to Section 2.04(e), the Security Documents and each Joinder Agreement.

 

“Loan Parties”
shall mean the Borrower and each Subsidiary Guarantor.

 

“Loans”
shall mean the Revolving Loans, the Term Loans, the Swingline Loans, the New Revolving Loans, the New Term Loans, the Refinancing
Revolving Loans and the Refinancing Term Loans.

 

“Majority
Revolving Lenders” shall mean, at any time, Lenders having Revolving Loans (excluding Swingline Loans), Revolving L/C
Exposure, Swingline Exposure and unused Revolving Commitments, unused New Revolving Commitments (if any) and unused Refinancing
Revolving Commitments (if any) representing greater than 50% of the sum of all Revolving Loans outstanding (excluding Swingline
Loans), Revolving L/C Exposure, Swingline Exposure and all unused Revolving Commitments, unused New Revolving Commitments (if any)
and unused Refinancing Revolving Commitments (if any) at such time.

 

“Majority
Term Lenders” shall mean, at any time, Lenders having Term Loans, New Term Loans and Refinancing Term Loans and unused
Term Commitments, unused New Term Commitments and unused Refinancing Term Commitments representing greater than 50% of the sum
of all Term Loans outstanding, all New Term Loans outstanding (if any), all Refinancing Term Loans outstanding (if any) and all
unused Term Commitments, unused New Term Commitments (if any) and unused Refinancing Term Commitments (if any) at such time.

 

“Margin Stock”
shall have the meaning assigned to such term in Regulation U.

 

“Mark-to-Market
Adjustments” shall mean (a) any non-cash loss attributable to the mark-to-market movement in the valuation of Hedging
Obligations (to the extent the cash impact

 

    41 

     

    

 

resulting from such loss has not been realized) or other derivative instruments pursuant
to Financial Accounting Standards Board Statement No. 133, “Accounting for Derivative Instruments and Hedging Activities,”
or any similar successor provision; plus (b) any loss relating to amounts paid in cash prior to the stated settlement
date of any Hedging Obligation that has been reflected in Consolidated Net Income in the current period; plus (c) any
gain relating to Hedging Obligations associated with transactions recorded in the current period that has been reflected in Consolidated
Net Income in prior periods and excluded from Consolidated Cash Flow pursuant to clauses (e) and (f) below; minus (d) any
non-cash gain attributable to the mark-to-market movement in the valuation of Hedging Obligations (to the extent the cash impact
resulting from such gain has not been realized) or other derivative instruments pursuant to Financial Accounting Standards Board
Statement No. 133, “Accounting for Derivative Instruments and Hedging Activities,” or any similar successor provision;
minus (e) any gain relating to amounts received in cash prior to the stated settlement date of any Hedging Obligation
that has been reflected in Consolidated Net Income in the current period; minus (f) any loss relating to Hedging Obligations
associated with transactions recorded in the current period that has been reflected in Consolidated Net Income in prior periods
and excluded from Consolidated Cash Flow pursuant to clauses (b) and (c) above.

 

“Master Agreement”
shall have the meaning assigned to such term in the definition of “Hedging Obligations”.

 

“Material
Adverse Effect” shall mean a material adverse change in or material adverse effect on (i) the condition (financial or
otherwise), results of operations, assets or liabilities of the Borrower and the Subsidiaries, taken as a whole, or (ii) the
validity or enforceability of any Loan Document, which if such Loan Document is a Security Document, relates to Collateral having
an aggregate Fair Market Value of $150,000,000 or more in the aggregate, or the material rights and remedies of the Arrangers,
the Administrative Agent, the Collateral Agent, the Issuing Bank, the Collateral Trustee or the Secured Parties thereunder.

 

“Material
Indebtedness” shall mean Indebtedness for money borrowed (other than the Loans and Letters of Credit) and Hedging Obligations
of any one or more of the Borrower or any of the Subsidiaries in an aggregate principal amount or mark-to-market adjustment value
exceeding $150,000,000.

 

“Maximum Incremental
Amount” shall have the meaning assigned to such term in Section 2.24(a).

 

“Maximum Rate”
shall have the meaning assigned to such term in Section 9.09.

 

“Minority
Investment” shall mean any Person (other than a Subsidiary) in which the Borrower or any Restricted Subsidiary owns Capital
Stock.

 

“Moody’s”
shall mean Moody’s Investors Service, Inc. or any successor entity.

 

“Mortgaged
Properties” shall mean on the Fifth Amendment Effective Date, each parcel of real property and the improvements located
thereon and appurtenants thereto owned or leased by a Loan Party and specified on Schedule 1.01(d), and shall include
each other parcel of real property and improvements located thereon with respect to which a Mortgage is granted pursuant to Section 5.09
or 5.10; provided, however, that any Mortgaged Property that becomes an Excluded Asset, or the rights in which are
held by any Person that ceases to be a Subsidiary Guarantor pursuant to Section 6.10 hereof or as otherwise provided in the
Loan Documents, shall cease to be a Mortgaged Property for all purposes under the Loan Documents and the Collateral Agent and the
Collateral Trustee shall take such actions as are reasonably requested by any Loan Party at such

 

    42 

     

    

 

Loan Party’s expense to
terminate the Liens and security interests created by the Loan Documents in such Mortgaged Property.

 

“Mortgages”
shall mean the mortgages, deeds of trust, leasehold mortgages, assignments of leases and rents, modifications, amendments and restatements
of the foregoing and other security documents granting a Lien on any Mortgaged Property to secure the Guaranteed Obligations, each
in the form of Exhibit E with such changes as are reasonably satisfactory to the Borrower (which shall be evidenced by the
signature thereof by the applicable Loan Party), the Collateral Agent and the Collateral Trustee, in each case, as the same may
be amended, restated, amended and restated, supplemented or otherwise modified from time to time in accordance with the terms thereof.

 

“MSB”
shall have the meaning assigned to such term in the preamble.

 

“MSSF”
shall mean Morgan Stanley Senior Funding, Inc. and its Affiliates.

 

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

 

“Nationally
Recognized Statistical Organization” shall mean a nationally recognized statistical rating organization within the meaning
of Section 3(a)(62) under the Exchange Act.

 

“Natixis”
shall have the meaning assigned to such term in the preamble.

 

“Necessary
CapEx Debt” shall mean Indebtedness of the Borrower or its Restricted Subsidiaries incurred for the purpose of financing
Necessary Capital Expenditures.

 

“Necessary
Capital Expenditures” shall mean capital expenditures that are required by Applicable Law (other than Environmental Laws)
or undertaken for health and safety reasons. The term “Necessary Capital Expenditures” does not include any capital
expenditure undertaken primarily to increase the efficiency of, expand or re-power any power generation facility.

 

“Net Income”
shall mean, with respect to any specified Person, the net income (loss) of such Person, determined in accordance with GAAP and
before any reduction in respect of preferred stock dividends or accretion, excluding, however, (a) any gain or loss, together with
any related provision for taxes on such gain or loss, realized in connection with (i) any Asset Sale (without giving effect to
the threshold provided for in the definition thereof) or (ii) the disposition of any securities by such Person or any of its Restricted
Subsidiaries or the extinguishment of any Indebtedness of such Person or any of its Restricted Subsidiaries; and (b) any infrequent,
unusual or non-recurring gain or loss, together with any related provision for taxes on such infrequent, unusual or non-recurring
gain or loss.

 

“Net Proceeds”
shall mean the aggregate cash proceeds received by the Borrower or any of its Restricted Subsidiaries in respect of any Asset Sale
(including any cash received upon the sale or other disposition of any non-cash consideration received in any Asset Sale), net
of the direct costs relating to such Asset Sale, including legal, accounting and investment banking fees, and sales commissions,
and any relocation expenses incurred as a result of the Asset Sale, taxes paid or payable as a result of the Asset Sale, in each
case, after taking into account any available tax deductions and any tax sharing arrangements, and amounts required to be applied
to the repayment of Indebtedness, other than Indebtedness under a Credit Facility, secured by a Lien on the asset or assets that
were the subject of such Asset Sale and any reserve for adjustment in respect of the sale price of such asset or assets established
in accordance with GAAP.

 

    43 

     

    

 

“New Commitments”
shall have the meaning assigned to such term in Section 2.24(a).

 

“New Revolving
Commitments” shall have the meaning assigned to such term in Section 2.24(a).

 

“New Revolving
Lender” shall have the meaning assigned to such term in Section 2.24(b).

 

“New Revolving
Loans” shall have the meaning assigned to such term in Section 2.24(b).

 

“New Term
Commitments” shall have the meaning assigned to such term in Section 2.24(a).

 

“New Term
Lender” shall have the meaning assigned to such term in Section 2.24(c).

 

“New Term
Loans” shall have the meaning assigned to such term in Section 2.24(c).

 

“New Term
Maturity Date” shall mean the date on which a New Term Loan matures.

 

“Non-Consenting
Lender” shall have the meaning assigned to such term in Section 9.08(c).

 

“Non-FPA-Jurisdictional
Subsidiary Guarantor” shall have the meaning assigned to such term in Section 3.23(c).

 

“Non-FPA Sales
Authorizations” shall have the meaning assigned to such term in Section 3.23(c).

 

“Non-Recourse
Debt” shall mean (a) Indebtedness as to which neither the Borrower nor any of its Restricted Subsidiaries (other than
an Excluded Project Subsidiary) (i) provides credit support of any kind (including any undertaking, agreement or instrument that
would constitute Indebtedness) other than pursuant to a Non-Recourse Guarantee or any arrangement to provide or guarantee to provide
goods and services on an arm’s length basis, or (ii) is directly or indirectly liable as a guarantor or otherwise, other
than pursuant to a Non-Recourse Guarantee and (b) to the extent constituting Indebtedness, any Investments in a Subsidiary and,
for the avoidance of doubt, pledges by the Borrower or any Subsidiary of the Equity Interests of any Excluded Subsidiary that are
directly owned by the Borrower or any Subsidiary in favor of the agent or lenders in respect of such Excluded Subsidiary’s
Non-Recourse Debt, to the extent otherwise not prohibited by this Agreement.

 

“Non-Recourse
Guarantee” shall mean any Guarantee by the Borrower or a Subsidiary Guarantor of Non-Recourse Debt incurred by an Excluded
Project Subsidiary as to which the lenders of such Non-Recourse Debt have acknowledged or agreed that they will not have any recourse
to the stock or assets of the Borrower or any Subsidiary Guarantor, except to the limited extent set forth in such guarantee.

 

“NRG Power
Marketing” shall mean NRG Power Marketing LLC, a Delaware corporation that is a wholly owned Subsidiary.

 

“NYPSC”
shall have the meaning assigned to such term in Section 3.23(f).

 

“NYPSC Subject
Company” shall have the meaning assigned to such term in Section 3.23(f).

 

“Obligation
Currency” shall have the meaning assigned to such term in Section 9.27(a).

 

    44 

     

    

 

“Obligations”
shall have the meaning assigned to such term in the Collateral Trust Agreement.

 

“Offer Amount”
shall have the meaning assigned to such term in Section 2.13(b).

 

“Offered Loans”
shall have the meaning assigned to such term in Section 2.12(e)(iii).

 

“Offer Period”
shall have the meaning assigned to such term in Section 2.13(b).

 

“Officer”
shall mean, with respect to any Person, the Chairman of the Board, the Chief Executive Officer, the President, the Chief Operating
Officer, the Chief Financial Officer, the Treasurer, any Assistant Treasurer, the Controller, the Secretary, Assistant Secretary
or any Vice-President of such Person.

 

“Officers’
Certificate” shall mean a certificate signed on behalf of the Borrower by two Officers of the Borrower, one of whom must
be the principal executive officer, the principal financial officer, the treasurer or the principal accounting officer of the Borrower,
which certificate shall include: (a) a statement that each of the Officers making such certificate has read the applicable covenant
or condition, (b) a brief statement as to the nature and scope of the examination or investigation upon which the statements or
opinions contained in such certificate are based, (c) a statement that, in the opinion of each such Officer, he has made such examination
or investigation as is necessary to enable him to express an informed opinion as to whether or not the applicable covenant or condition
has been complied with and (d) a statement as to whether or not, in the opinion of each such Officer, the applicable condition
or covenant has been complied with.

 

“Original
Closing Date” shall mean February 2, 2006.

 

“Original
Issue Date” shall mean June 5, 2009.

 

“Other Taxes”
shall mean any and all present or future stamp or documentary taxes or any other excise or property taxes, charges or similar levies
(including interest, fines, penalties and additions to tax) arising from any payment made under any Loan Document or from the execution,
delivery or enforcement of, or otherwise with respect to, any Loan Document.

 

“Parent Company”
shall mean, with respect to a Lender, the bank holding company (as defined in Regulation Y of the Board), if any, of such Lender,
and/or any Person owning, beneficially or of record, directly or indirectly, a majority of the shares of such Lender.

 

“PATRIOT Act”
shall mean the Uniting and Strengthening America by Providing Appropriate Tools Required to Intercept and Obstruct Terrorism Act
(Title III of Pub. L. 107-56 (signed into law October 26, 2001)), as the same has been, or shall hereafter be, renewed, extended,
amended or replaced.

 

“PBGC”
shall mean the Pension Benefit Guaranty Corporation referred to and defined in ERISA and any successor entity performing similar
functions.

 

“Perfection
Certificate” shall mean the Pre-Closing UCC Diligence Certificate, dated as of the Closing Date, executed and delivered
by the Borrower and each Subsidiary Guarantor, as the same may be amended, restated, amended and restated, supplemented or otherwise
modified from time to time.

 

“Permitted
Amendments” shall mean one or more amendments providing for an extension of the final maturity date of any Loan and/or
any Commitment of the Accepting Lenders (provided

 

    45 

     

    

 

that such extensions may not result in having more than eight different
final maturity dates under this Agreement without the prior written consent of the Administrative Agent (such consent not to be
unreasonably withheld, conditioned or delayed)) and, in connection therewith and subject to the limitations set forth in Section
9.19, any change in the Applicable Margin and other pricing with respect to the applicable Loans and/or Commitments of the Accepting
Lenders and the payment of any fees (including prepayment premiums or fees) to the Accepting Lenders (such changes and/or payments
to be in the form of cash, equity interest or other property as agreed by the Borrower and the Accepting Lenders to the extent
not prohibited by this Agreement).

 

“Permitted
Business” shall mean the (a) business of acquiring, constructing, managing, developing, improving, maintaining, leasing,
owning and operating Facilities, together with any related assets or facilities, (b) the marketing, sale, distribution and delivery
of energy and other commodities, and related products and services, to residential, commercial and industrial customers and (c)
any other activities reasonably related to, ancillary to, or incidental to, any of the foregoing activities (including acquiring
and holding reserves), including investing in Facilities.

 

“Permitted
Cure Security” shall mean an equity security of the Borrower having no mandatory redemption, repurchase or similar requirements
prior to 91 days after the Latest Maturity Date of all Classes of Loans or Commitments, and upon which all dividends or distributions
(if any) shall be payable solely in additional shares of such equity security.

 

“Permitted
Debt” shall have the meaning assigned to such term in Section 6.01(b).

 

“Permitted
Investments” shall mean:

 

(a)               
any Investment in the Borrower or in a Restricted Subsidiary that is a Subsidiary Guarantor;

 

(b)               
any Investment in an Immaterial Subsidiary;

 

(c)               
any Investment in an Excluded Foreign Subsidiary for so long as the Excluded Foreign Subsidiaries do not collectively own
more than 20% of the consolidated assets of the Borrower as of the most recent fiscal quarter end for which financial statements
are publicly available;

 

(d)               
any issuance of letters of credit to support the obligations of any of the Excluded Subsidiaries;

 

(e)               
any Investment in Cash Equivalents (and, in the case of Excluded Subsidiaries only, Cash Equivalents or other liquid investments
permitted under any Credit Facility to which it is a party);

 

(f)                
any Investment by the Borrower or any Restricted Subsidiary in a Person, if as a result of such Investment:

 

(i)                
such Person becomes a Restricted Subsidiary and a Subsidiary Guarantor or an Immaterial Subsidiary; or

 

(ii)              
such Person is merged, consolidated or amalgamated with or into, or transfers or conveys substantially all of its assets
to, or is liquidated into, the Borrower or a Restricted Subsidiary that is a Subsidiary Guarantor;

 

    46 

     

    

 

(g)               
any Investment made as a result of the receipt of non-cash consideration from an Asset Sale that was made pursuant to and
in compliance with Section 6.04;

 

(h)               
Investments made as a result of the sale of Equity Interests of any Person that is a Subsidiary such that, after giving
effect to any such sale, such Person is no longer a Subsidiary, if the sale of such Equity Interests constitutes an Asset Sale
and the Net Proceeds received from such Asset Sale are applied as set forth under Section 6.04;

 

(i)                
Investments to the extent made in exchange for the issuance of Equity Interests (other than Disqualified Stock) of the Borrower;

 

(j)                
any Investments received in compromise or resolution of (i) obligations of trade creditors or customers of the Borrower
or any of its Restricted Subsidiaries, including pursuant to any plan of reorganization or similar arrangement upon the bankruptcy
or insolvency of any trade creditor or customer; or (ii) litigation, arbitration or other disputes with Persons who are not Affiliates;

 

(k)               
Investments represented by Hedging Obligations;

 

(l)                
loans or advances to employees;

 

(m)             
repayments or prepayments of the Loans or pari passu Indebtedness;

 

(n)               
any Investment in securities of trade creditors, trade counter-parties or customers received in compromise of obligations
of those Persons, including pursuant to any plan of reorganization or similar arrangement upon the bankruptcy or insolvency of
such trade creditors or customers;

 

(o)               
negotiable instruments held for deposit or collection;

 

(p)               
receivables owing to the Borrower or any Restricted Subsidiary and payable or dischargeable in accordance with customary
trade terms; provided, however, that such trade terms may include such concessionary trade terms as the Borrower
of any such Restricted Subsidiary deems reasonable under the circumstances;

 

(q)               
payroll, travel and similar advances to cover matters that are expected at the time of such advances ultimately to be treated
as expenses for accounting purposes;

 

(r)                
Investments resulting from the acquisition of a Person that at the time of such acquisition held instruments constituting
Investments that were not acquired in contemplation of the acquisition of such Person;

 

(s)                
any Investment in any Person engaged primarily in one or more Permitted Businesses (including Excluded Subsidiaries, Unrestricted
Subsidiaries, and Persons that are not Subsidiaries) made for cash since the Issue Date;

 

(t)                
the contribution of any one or more of the Specified Facilities to a Restricted Subsidiary that is not a Subsidiary Guarantor;

 

(u)               
Investments made pursuant to a commitment that, when entered into, would have complied with the provisions of this Agreement;

 

(v)               
Investments in any Excluded Subsidiary made by another Excluded Subsidiary;

 

    47 

     

    

 

(w)             
(i) Investment made pursuant to this clause (w) since the Closing Date and outstanding as of the Fourth Amendment Effective
Date and (ii) other Investments made since the Fourth Amendment Effective Date in any Person having an aggregate Fair Market Value
(measured on the date each such Investment was made and without giving effect to subsequent changes in value), that are at the
time outstanding not to exceed the greater of (A) $1,000,000,000 and (B) 3.50% of Total Assets; provided, however,
that if any Investment pursuant to this clause (w) is made in any Person that is not a Restricted Subsidiary and a Subsidiary Guarantor
on the date of the making of the Investment and such Person becomes a Restricted Subsidiary and a Subsidiary Guarantor after such
date, such Investment shall thereafter be deemed to have been made pursuant to clause (a) above, and shall cease to have been made
pursuant to this clause (w);

 

(x)               
Investments existing on or prior to the Closing Date;

 

(y)               
Permitted Tax Equity Guarantees to the extent such Permitted Tax Equity Guarantees would have been permitted as Investments
pursuant to clause (s) above if made in cash; and

 

(z)               
to the extent constituting an Investment, (i) any arrangement with respect to periodic premium, fee or similar payments
made by the Borrower or any Restricted Subsidiary to any L/C Securities Issuer from time to time or obligations in respect of future
issuances of Indebtedness, in each case, pursuant to any L/C Securities Financing or (ii) any Standard Securitization Undertaking.

 

“Permitted
Liens” shall mean:

 

(a)               
Liens held by the Collateral Trustee on assets of the Borrower or any Subsidiary Guarantor in accordance with the Collateral
Trust Agreement securing (i) Indebtedness, Letters of Credit and other Guaranteed Obligations hereunder and under the other Loan
Documents (other than Indebtedness, Letters of Credit and other Guaranteed Obligations arising from New Commitments pursuant to
and in accordance with Section 2.24) and (ii) other than during a Collateral Release Period, Indebtedness and other Indebtedness
Obligations under other Credit Facilities and Indebtedness, Letters of Credit and other Guaranteed Obligations arising from New
Commitments pursuant to and in accordance with Section 2.24 in an aggregate principal amount not exceeding under this clause (a)(ii),
on the date of the creation of such Liens, the difference between (A) the greater of (x) 30.00% of Total Assets and (y) $10,000,000,000
and (B) the aggregate principal amount outstanding on such date under clause (a)(i) above less the aggregate amount of all repayments,
optional or mandatory, of the principal of any term Indebtedness under a Credit Facility that have been made by the Borrower or
any of its Restricted Subsidiaries since the Issue Date with the Net Proceeds of Asset Sales (other than Excluded Proceeds) and
less, without duplication, the aggregate amount of all repayments or commitment reductions with respect to any revolving credit
borrowings under a Credit Facility that have been made by the Borrower or any of its Restricted Subsidiaries since the Issue Date
as a result of the application of the Net Proceeds of Asset Sales (other than Excluded Proceeds) in accordance with Section 6.04
(excluding temporary reductions in revolving credit borrowings as contemplated by that covenant);

 

(b)               
Liens to secure obligations with respect to (i) contracts (other than for Indebtedness) for commercial and trading activities
for the purchase, transmission, distribution, sale, lease or hedge of any energy related commodity or service and (ii) Hedging
Obligations (which Liens may, in each case, be held by the Collateral Trustee pursuant to and in accordance with the Collateral
Trust Agreement);

 

    48 

     

    

 

(c)               
Liens (i) in favor of the Borrower or any of the Subsidiary Guarantors, (ii) incurred by Excluded Project Subsidiaries in
favor of any other Excluded Project Subsidiary or (iii) incurred by Excluded Foreign Subsidiaries in favor of any other Excluded
Foreign Subsidiary;

 

(d)               
Liens to secure the performance of statutory obligations, surety or appeal bonds, performance bonds or other obligations
of a like nature;

 

(e)               
Liens to secure obligations to vendors or suppliers covering the assets sold or supplied by such vendors or suppliers, including
Liens to secure Indebtedness or other obligations (including Capital Lease Obligations) permitted by Sections 6.01(b)(iv), 6.01(b)(xiii),
6.01(b)(xx) and, other than during a Collateral Release Period, 6.01(b)(xxii), covering only the assets acquired with or financed
by such Indebtedness;

 

(f)                
Liens existing on the Closing Date and set forth on Schedule 6.02;

 

(g)               
Liens for taxes, assessments or governmental charges or claims that are not yet delinquent or that are being contested in
good faith by appropriate proceedings promptly instituted and diligently concluded; provided that any reserve or other appropriate
provision as is required in conformity with GAAP has been made therefor;

 

(h)               
Liens imposed by law, such as carriers’, warehousemen’s, landlord’s and mechanics’ Liens;

 

(i)                
survey exceptions, easements or reservations of, or rights of others for, licenses, rights-of-way, sewers, electric lines,
telegraph and telephone lines, oil and gas and other mineral interests and leases and other similar purposes, or zoning or other
restrictions as to the use of real property that were not incurred in connection with Indebtedness and that do not in the aggregate
materially adversely affect the value of said properties or materially impair their use in the operation of the business of such
Person;

 

(j)                
Liens to secure any Permitted Refinancing Indebtedness permitted to be incurred under this Agreement; provided, however,
that:

 

(i)                
the new Lien shall be limited to all or part of the same property and assets that secured or, under the written agreements
pursuant to which the original Lien arose, could secure the original Lien (plus improvements and accessions to, such property or
proceeds or distributions thereof); and

 

(ii)              
the Indebtedness secured by the new Lien is not increased to any amount greater than the sum of (1) the outstanding principal
amount or, if greater, committed amount, of the Permitted Refinancing Indebtedness and (2) an amount necessary to pay any fees
and expenses, including premiums, related to such refinancings, refunding, extension, renewal or replacement;

 

(k)               
Liens incurred or deposits made in connection with workers’ compensation, unemployment insurance and other types of
social security;

 

(l)                
Liens encumbering deposits made to secure obligations arising from statutory, regulatory, contractual or warranty requirements
of the Borrower or any of its Restricted Subsidiaries, including rights of offset and set-off;

 

    49 

     

    

 

(m)             
leases or subleases granted to others that do not materially interfere with the business of the Borrower and its Restricted
Subsidiaries, taken as a whole;

 

(n)               
statutory Liens arising under ERISA;

 

(o)               
Liens on property (including Capital Stock) existing at the time of acquisition of the property by the Borrower or any Subsidiary;
provided that such Liens were in existence prior to, such acquisition, and not incurred in contemplation of, such acquisition;

 

(p)               
Liens arising from UCC financing statements filed on a precautionary basis in respect of operating leases intended by the
parties to be true leases (other than any such leases entered into in violation of this Agreement);

 

(q)               
Liens on assets and Equity Interests of a Subsidiary that is an Excluded Subsidiary;

 

(r)                
[reserved];

 

(s)                
Liens to secure Indebtedness or other obligations incurred to finance Necessary Capital Expenditures that encumber only
the assets purchased, installed or otherwise acquired with the proceeds of such Indebtedness;

 

(t)                
Liens to secure Environmental CapEx Debt that encumber only the assets purchased, installed or otherwise acquired with the
proceeds of such Environmental CapEx Debt;

 

(u)               
Liens on assets or securities deemed to arise in connection with the execution, delivery or performance of contracts to
sell such assets or stock otherwise permitted under this Agreement;

 

(v)               
any Liens resulting from restrictions on any Equity Interest or undivided interests, as the case may be, of a Person providing
for a breach, termination or default under any joint venture, stockholder, membership, limited liability company, partnership,
owners’, participation or other similar agreement between such Person and one or more other holders of Equity Interests or
undivided interests of such Person, as the case may be, if a security interest or Lien is created on such Equity Interest or undivided
interest, as the case may be, as a result thereof;

 

(w)             
Liens resulting from any customary provisions limiting the disposition or distribution of assets or property (including
Equity Interests) or any related restrictions thereon in joint venture, partnership, membership, stockholder and limited liability
company agreements, asset sale agreements, sale-leaseback agreements, stock sale agreements and other similar agreements, including
owners’, participation or similar agreements governing projects owned through an undivided interest; provided,
however, that any such limitation is applicable only to the assets that are the subjects of such agreements;

 

(x)               
those Liens or other exceptions to title, in either case on or in respect of any facility of the Borrower or any Subsidiary,
arising as a result of any shared facility agreement entered into after the closing date with respect to such facility, except
to the extent that any such Liens or exceptions, individually or in the aggregate, materially adversely affect the value of the
relevant property or materially impair the use of the relevant property in the operation of the business of the Borrower or such
Subsidiary;

 

(y)               
Liens on cash deposits and other funds maintained with a depository institution, in each case arising in the ordinary course
of business by virtue of any statutory or common law

 

    50 

     

    

 

provision relating to banker’s liens, including Section 4-210 of the
UCC, and/or arising from customary contractual fee provisions, the reimbursement of funds advanced by a depositary or intermediary
institution (and/or its Affiliates) on account of investments made or securities purchased, indemnity, returned check and other
similar provisions;

 

(z)               
other than during any Collateral Release Period, any Liens on property and assets designated as Excluded Assets from time
to time by the Borrower under clause (xiii) of the definition of “Excluded Assets,” which shall not have, when taken
together with all other property and assets that constitute Excluded Assets pursuant to such clause at the relevant time of determination,
a Fair Market Value in excess of $500,000,000 in the aggregate; provided, however, that any Lien created, incurred or assumed pursuant
to this clause (z) other than during a Collateral Release Period shall be permitted to remain outstanding during any subsequent
Collateral Release Period;

 

(aa)            
Liens on accounts receivable, other Securitization Assets, Sellers’ Retained Interest or accounts into which collections
or proceeds of Securitization Assets or Sellers’ Retained Interest are deposited, in each case arising in connection with
any Permitted Securitization Indebtedness permitted under Section 6.01(b)(xxi);

 

(bb)           
Liens incurred by the Borrower or any Subsidiary with respect to obligations not to exceed the sum of (i) the outstanding
Indebtedness in respect of the Existing Tax-Exempt Bonds as of the Fifth Amendment Effective Date and (ii) (A) during a Collateral
Release Period, 15.00% of Consolidated Net Tangible Assets and (B) at any other time, the greater of (1) $1,000,000,000 and (2)
3.50% of Total Assets, at any one time outstanding;

 

(cc)            
other than during a Collateral Release Period, Liens on the Collateral securing obligations in respect of Incremental Equivalent
Debt and the Senior Secured Notes.; and

 

(dd)           
Liens securing Indebtedness incurred by the Borrower or any Restricted Subsidiary in respect of obligations under any Liquidity
Facility in an aggregate amount not to exceed $500,000,000.

 

“Permitted
Refinancing Indebtedness” shall mean any Indebtedness of the Borrower or any of its Restricted Subsidiaries issued in
exchange for, or the net proceeds of which are used to refund, refinance, replace, defease or discharge, other Indebtedness of
the Borrower or any of its Restricted Subsidiaries (other than intercompany Indebtedness); provided that (a) the principal
amount (or accreted value, if applicable) of such Permitted Refinancing Indebtedness does not exceed the principal amount (or accreted
value, if applicable) of the Indebtedness extended, refinanced, renewed, replaced, defeased or refunded (plus all accrued
interest on such Indebtedness and the amount of all expenses and premiums incurred in connection therewith); (b) such Permitted
Refinancing Indebtedness has a Weighted Average Life to Maturity equal to or greater than the Weighted Average Life to Maturity
of the Indebtedness being extended, refinanced, renewed, replaced, defeased or refunded; (c) if the Indebtedness being extended,
refinanced, renewed, replaced, defeased or refunded is subordinated in right of payment to the Guaranteed Obligations, such Permitted
Refinancing Indebtedness is subordinated in right of payment to the Guaranteed Obligations on terms at least as favorable to the
Lenders as those contained in the documentation governing the Indebtedness being extended, refinanced, renewed, replaced, defeased
or refunded; (d) such Indebtedness is incurred either by the Borrower (and may be guaranteed by any Subsidiary Guarantor)
or by the Restricted Subsidiary who is the obligor on the Indebtedness being extended, refinanced, renewed, replaced, defeased
or refunded; and (e)(i) if the Stated Maturity of the Indebtedness being refinanced is earlier than the Latest Maturity Date of
all Classes of Loans or Commitments, the Permitted Refinancing Indebtedness has a Stated Maturity no earlier than the

 

    51 

     

    

 

Stated Maturity
of the Indebtedness being refinanced or (ii) if the Stated Maturity of the Indebtedness being refinanced is later than the Latest
Maturity Date of all Classes of Loans or Commitments, the Permitted Refinancing Indebtedness has a Stated Maturity at least 91
days later than the Latest Maturity Date of all Classes of Loans or Commitments.

 

“Permitted
Securitization Indebtedness” means any Third Party Securities issued in connection with a Securitization and any Securitization
Related Indebtedness.

 

“Permitted
Tax Equity Financing” means a customary tax equity financing entered into solely in connection with the acquisition (or
refinancing) by an Excluded Project Subsidiary of energy generating, transmission or distribution assets (and any assets related
thereto).

 

“Permitted
Tax Equity Guarantees” means any unsecured (or secured to the extent permitted in respect of Equity Interests and Investments
held in Excluded Subsidiaries) credit support and/or indemnification obligations (or similar obligations and Guarantees) made by
an Excluded Project Subsidiary or a direct or indirect parent company of such Excluded Project Subsidiary that has entered into
a Permitted Tax Equity Financing in favor of its Tax Equity Partner.

 

“Permitted
Tax Lease” shall mean a sale and leaseback transaction consisting of a “payment in lieu of taxes” program
or any similar structure (including leases, sale-leasebacks, etc.) primarily intended to provide tax benefits (and not primarily
intended to create Indebtedness).

 

“Person”
shall mean any individual, corporation, partnership, joint venture, association, joint-stock company, trust, unincorporated organization,
limited liability company or government or other entity.

 

“Pledged Securities”
shall have the meaning assigned to such term in the Guarantee and Collateral Agreement.

 

“Prepayment
Date” shall have the meaning assigned to such term in Section 2.13(b).

 

“Pricing Certificate”
means a certificate signed by a Financial Officer of the Borrower in form and substance reasonably satisfactory to the Administrative
Agent attaching (a) true and correct copies of the Borrower’s sustainability report for the immediately preceding fiscal
year and setting forth each of the Applicable Sustainability Adjustments and, if applicable, the Pro Forma Greenhouse Gas Emission
Amount, for the immediately preceding fiscal year and computations in reasonable detail and (b) a review report of the KPI Metric
Auditor confirming that the KPI Metric Auditor is not aware of any material modifications that should be made to such computations
in order for them to be presented in conformity with the applicable reporting criteria.

 

“Prime Rate”
shall mean the rate of interest per annum publicly announced from time to time by The Wall Street Journal
as the “base rate on corporate loans posted by at least 75% of the nation’s 30 largest banks” (or, if The Wall Street Journal
ceases quoting a base rate of the type described, the highest per annum rate of interest published by the Federal Reserve Board
in Federal Reserve statistical release H.15 (519) entitled “Selected Interest Rates” as the Bank prime loan rate
or its equivalent); each change in the Prime Rate shall be effective as of the opening of business on the date such change is publicly
announced as being effective. The Prime Rate is a reference rate and does not necessarily represent the lowest or best rate actually
available.

 

“Priority
Lien Obligations” shall have the meaning assigned to such term in the Collateral Trust Agreement.

 

    52 

     

    

 

“Pro Forma
Cost Savings” shall mean, without duplication, with respect to any period, reductions in costs and related adjustments
that have been actually realized or are projected by the Borrower’s Chief Financial Officer in good faith to result from
reasonably identifiable and factually supportable actions or events, but only if such reductions in costs and related adjustments
are so projected by the Borrower to be realized during the consecutive four-quarter period commencing after the transaction giving
rise to such calculation.

 

“Pro Forma
Greenhouse Gas Emission Amount” has the meaning specified in Section 5.04(e).

 

“Pro Rata
Percentage” of any Revolving Lender at any time shall mean the percentage of the Total Revolving Commitment represented
by such Lender’s Revolving Commitment; provided that to the extent any participation in any Letter of Credit is allocated
only to the Tranche A Revolving Lenders pursuant to the terms hereof, “Pro Rata Percentage” shall mean the percentage
of the Total Tranche A Revolving Commitments represented by such Lender’s Tranche A Revolving Commitment. In the event the
Revolving Commitments shall have expired or been terminated, the Pro Rata Percentages of any Revolving Lender shall be determined
on the basis of the Revolving Commitments most recently in effect prior thereto. Notwithstanding the foregoing, the Fifth Amendment
Tranche A Revolving Commitments and the Tranche B Revolving Commitments shall not be included in any calculation of Pro Rata Percentage
until such commitments have become available on the Dragon Acquisition Closing Date.

 

“Project Interest”
shall mean any undivided interest in a Facility.

 

“Proposed
Discounted Purchase Amount” shall have the meaning assigned to such term in Section 2.12(e)(ii).

 

“Prudent Industry
Practice” shall mean those practices and methods as are commonly used or adopted by Persons in the Permitted Business
in the United States in connection with the conduct of the business of such industry, in each case as such practices or methods
may evolve from time to time, consistent in all material respects with all Applicable Laws.

 

“PUCT”
shall mean the Public Utility Commission of Texas.

 

“PUHCA”
shall mean the Public Utility Holding Company Act of 2005 and the rules and regulations promulgated thereunder, effective February 8, 2006.

 

“Purchasing
Borrower Party” shall mean the Borrower or any of its Subsidiaries that makes a Discounted Voluntary Purchase pursuant
to Section 2.12(e).

 

“PURPA”
shall mean the Public Utility Regulatory Policies Act of 1978 and the rules and regulations promulgated thereunder, as amended
from time to time.

 

“QF”
shall mean a “qualifying facility” under PURPA.

 

“QFC”
shall have the meaning assigned to the term “qualified financial contract” in, and shall be interpreted in accordance
with, 12 U.S.C. 5390(c)(8)(D).

 

“Qualified
Counterparty” shall mean, with respect to any Specified Hedging Agreement, any counterparty thereto.

 

    53 

     

    

 

“Qualifying
Equity Interests” shall mean Equity Interests of the Borrower other than (a) Disqualified Stock and (b) Equity Interests
that were used to support an incurrence of Contribution Indebtedness.

 

“Qualifying
Lenders” shall have the meaning assigned to such term in Section 2.12(e)(iv).

 

“Qualifying
Loans” shall have the meaning assigned to such term in Section 2.12(e)(iv).

 

“Rate”
shall have the meaning set forth in the definition of Type.

 

“Rating Agency”
means (a) each of Moody’s, S&P and Fitch and (b) if any of Moody’s, S&P or Fitch ceases to rate the senior,
unsecured, non-credit enhanced, long-term debt securities of the Borrower or fails to make such rating publicly available, a Nationally
Recognized Statistical Rating Organization selected by the Borrower which shall be substituted for Moody’s, S&P or Fitch,
as the case may be.

 

“Reaffirmation
Agreement” shall mean the Reaffirmation Agreement, dated as of the Closing Date, executed and delivered by the Borrower,
each Subsidiary Guarantor, the Administrative Agent and the Collateral Trustee in form and substance reasonably acceptable to the
Administrative Agent.

 

“Realizable
Value” of an asset means the lesser of (a) if applicable, the face value of such asset and (b) the market value of such
asset as determined by the Borrower in accordance with the agreement governing the applicable Securitization Related Indebtedness,
as the case may be, (or, if such agreement does not contain any related provision, as determined in good faith by management of
the Borrower).

 

“Refinancing
Amount Date” shall have the meaning assigned to such term in Section 2.25(a).

 

“Refinancing
Commitments” shall have the meaning assigned to such term in Section 2.25(a).

 

“Refinancing
Revolving Commitments” shall have the meaning assigned to such term in Section 2.25(a).

 

“Refinancing
Revolving Lender” shall have the meaning assigned to such term in Section 2.25(e).

 

“Refinancing
Revolving Loans” shall have the meaning assigned to such term in Section 2.25(e).

 

“Refinancing
Series” shall have the meaning provided in Section 2.25(a).

 

“Refinancing
Term Commitments” shall have the meaning assigned to such term in Section 2.25(a).

 

“Refinancing
Term Lender” shall have the meaning assigned to such term in Section 2.25(c).

 

“Refinancing
Term Loan” shall have the meaning assigned to such term in Section 2.25(c).

 

    54 

     

    

 

“Refinancing
Term Maturity Date” shall mean the date on which a Refinancing Term Loan matures.

 

“Register”
shall have the meaning assigned to such term in Section 9.04(e).

 

“Regulation
S-X” shall mean Regulation S-X under the Securities Act as from time to time in effect and all official rulings and interpretations
thereunder or thereof.

 

“Regulation
T” shall mean Regulation T of the Board as from time to time in effect and all official rulings and interpretations
thereunder or thereof.

 

“Regulation
U” shall mean Regulation U of the Board as from time to time in effect and all official rulings and interpretations
thereunder or thereof.

 

“Regulation X”
shall mean Regulation X of the Board as from time to time in effect and all official rulings and interpretations thereunder
or thereof.

 

“Related Fund”
shall mean, with respect to any Lender that is a fund that invests in bank loans, any other fund that invests in bank loans and
is advised or managed by such Lender, an Affiliate of such Lender, the same investment advisor as such Lender or by an Affiliate
of such investment advisor.

 

“Related Parties”
shall mean, with respect to any specified Person, such Person’s Affiliates and the respective directors, officers, trustees,
employees, agents and advisors of such Person and such Person’s Affiliates.

 

“Release”
shall mean any release, spill, emission, leaking, pumping, injection, pouring, emptying, deposit, disposal, discharge, dispersal,
dumping, escaping, leaching or migration into or through the environment or within or upon any building, structure, facility or
fixture.

 

“Required
Lenders” shall mean, at any time, Lenders collectively constituting the Majority Revolving Lenders and, if any New Term
Loans, unused New Term Loan Commitments, Refinancing Term Loans or unused Refinancing Term Commitments are outstanding, the Majority
Term Lenders; provided that for purposes of, and with respect to, any exercise of rights, powers and remedies (including
with respect to a Default, an Event of Default or otherwise) pursuant to and in accordance with any Security Document (including
any enforcement of any Security Document, any rights, powers or remedies thereunder and any direction or instruction to or any
authorization of, or other act by the Lenders requiring, the Collateral Trustee to take any action, exercise any rights, powers
or remedies pursuant to and in accordance with the Collateral Trust Agreement or any other Security Document (including any amendment,
modification, termination, discharge or waiver of any Security Document or any sale of or foreclosure upon any Collateral)), “Required
Lenders” shall mean, at any time, Lenders having (a) in respect of the enforcement of remedies or the protections of Liens
on Collateral, Loans (excluding Swingline Loans), Revolving L/C Exposure and Swingline Exposure representing greater than 50% of
the sum of all Loans outstanding (excluding Swingline Loans), Revolving L/C Exposure and Swingline Exposure at such time and (b)
in respect of any act other than the enforcement of remedies or the protections of Liens on Collateral, Loans (excluding Swingline
Loans), Revolving L/C Exposure, Swingline Exposure, unused Revolving Commitments, unused New Revolving Commitments (if any), unused
Refinancing Revolving Commitments (if any), unused Term Commitments, unused New Term Commitments (if any) and unused Refinancing
Term Commitments (if any) representing greater than 50% of the sum of all Loans outstanding (excluding Swingline Loans), Revolving
L/C Exposure, Swingline Exposure, unused Revolving Commitments, unused New Revolving

 

    55 

     

    

 

Commitments (if any), unused Refinancing Revolving
Commitments (if any), unused Term Commitments, unused New Term Commitments (if any) and unused Refinancing Term Commitments (if
any) at such time.

 

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

 

“Responsible
Officer” of a Person shall mean the Chief Executive Officer, Chief Financial Officer, Treasurer or General Counsel of
such Person.

 

“Restatement
Agreement” shall mean the Amendment and Restatement Agreement dated as of the Closing Date, among the Borrower, each
Subsidiary Guarantor, the Administrative Agent, the Collateral Agent, the Swingline Lender, each Issuing Bank, the Collateral Trustee
and the Lenders party thereto.

 

“Restricted
Investment” shall mean an Investment other than a Permitted Investment.

 

“Restricted
Payment” shall have the meaning assigned to such term in Section 6.06. For purposes of determining compliance with Section
6.06, no Hedging Obligation shall be deemed to be contractually subordinated to the Guaranteed Obligations.

 

“Restricted
Subsidiary” of a Person shall mean any subsidiary of the referent Person that is not an Unrestricted Subsidiary. Unless
otherwise indicated, any reference to a “Restricted Subsidiary” shall be deemed to be a reference to a Restricted Subsidiary
of the Borrower.

 

“Revenue Carbon
Intensity” means the Greenhouse Gas Emission Amount divided by the total operating revenue of the Borrower and its Subsidiaries
(as reported in the Borrower’s audited consolidated financial statements for the applicable fiscal year), where total operating
revenue is measured in millions of U.S. dollars, as certified by the Borrower in the applicable Pricing Certificate.

 

“Revolving
Borrowing” shall mean a Borrowing comprised of Revolving Loans.

 

“Revolving
Commitment” shall mean with respect to each Lender, the Tranche A Revolving Commitment, if any, and the Tranche B Revolving
Commitment, if any, of such Lender.

 

“Revolving
Exposure” shall mean with respect to any Lender at any time, the sum of the Dollar Equivalent of (a) the aggregate principal
amount at such time of all outstanding Revolving Loans of such Lender, plus (b) the aggregate amount at such time of such Lender’s
Revolving L/C Exposure, plus (c) the aggregate amount at such time of such Lender’s Swingline Exposure.

 

“Revolving
L/C Exposure” shall mean, at any time, the sum of the Dollar Equivalent of (a) the aggregate undrawn amount of all
Letters of Credit at such time and (b) the aggregate amount of all L/C Disbursements that have not been reimbursed at such
time. The Revolving L/C Exposure of any Revolving Lender at any time shall equal its Pro Rata Percentage of the aggregate Revolving
L/C Exposure at such time.

 

“Revolving
Lender” shall mean a Lender with a Revolving Commitment or a Revolving Loan.

 

“Revolving
Loans” shall mean (a) a Loan made by the Lenders to the Borrower pursuant to Section 2.01(c), (b) any New Revolving
Loans and (c) any Refinancing Revolving Loans.

 

    56 

     

    

 

“Revolving
Maturity Date” shall mean (a) with respect to any Tranche A Revolving Commitments and Tranche A Revolving Loans, the
Tranche A Revolving Maturity Date and with respect to any Tranche B Revolving Commitments and Tranche B Revolving Loans, the Tranche
B Revolving Maturity Date, (b) with respect to any New Revolving Commitments and New Revolving Loans, the maturity date thereof
set forth in the applicable Joinder Agreement and (c) with respect to any Refinancing Revolving Commitments and Refinancing Revolving
Loans, the maturity date thereof set forth in the applicable Joinder Agreement, in each case, as it may be extended pursuant to
and in accordance with this Agreement.

 

“S&P”
shall mean S&P Global Ratings, a division of S&P Global Inc., or any successor entity.

 

“Sanctioned
Country” shall mean, at any time, a country or territory that is subject to comprehensive Sanctions.

 

“Sanctioned
Person” shall mean, at any time, (a) any Person listed in any Sanctions-related list of designated Persons maintained
by the Office of Foreign Assets Control of the U.S. Department of the Treasury or the U.S. Department of State, or by the United
Nations Security Council, the European Union or any EU member state, (b) any Person operating, organized or resident in a
Sanctioned Country or (c) any Person owned or controlled by any such Person.

 

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

 

“Scheduled
Unavailability Date” shall have the meaning assigned to such term in Section 2.08(b)(ii).

 

“Second Amendment”
shall mean the Second Amendment Agreement, dated as of March 21, 2018, among the Borrower, each Subsidiary Guarantor, the Administrative
Agent, the Collateral Agent and the Lenders party thereto.

 

“Second Amendment
Effective Date” shall have the meaning assigned to such term in the Second Amendment.

 

“Secured Parties”
shall mean the Arrangers, the Administrative Agent, the Collateral Agent, the Co-Managers, the Lenders, the Issuing Banks and,
with respect to any Specified Hedging Agreement, any Qualified Counterparty that has agreed to be bound by the provisions of Article
VIII hereof and Section 7.2 of the Guarantee and Collateral Agreement as if it were a party hereto or thereto; provided
that no Qualified Counterparty shall have any rights in connection with the management or release of any Collateral or the obligations
of any Subsidiary Guarantor under the Guarantee and Collateral Agreement or the Collateral Trust Agreement. For the avoidance of
doubt, it is acknowledged that no LC Issuer in respect of any Cash Collateralized Letter of Credit Facilities shall be a Secured
Party.

 

“Securities
Account” shall have the meaning assigned to such term in the UCC.

 

“Securities
Act” shall mean the Securities Act of 1933, as amended.

 

    57 

     

    

 

“Securitization”
shall mean any transaction or series of transactions entered into by the Borrower or any Restricted Subsidiary pursuant to which
the Borrower or such Restricted Subsidiary, as the case may be, sells, conveys, assigns, grants an interest in or otherwise transfers,
from time to time, to one or more Securitization Vehicles the Securitization Assets (and/or grants a security interest in such
Securitization Assets transferred or purported to be transferred to such Securitization Vehicle), and which Securitization Vehicle
finances the acquisition of such Securitization Assets (i) with proceeds from the issuance by it or its subsidiary of Third
Party Securities, (ii) with the issuance to the Borrower or such Restricted Subsidiary of Sellers’ Retained Interests
or an increase in such Sellers’ Retained Interests, or (iii) with proceeds from the sale or collection of Securitization
Assets.

 

“Securitization
Assets” shall mean any accounts receivable originated or expected to be originated by (and owed to) the Borrower or any
Restricted Subsidiary (in each case whether now existing or arising or acquired in the future) and any ancillary assets (including
contract rights) which are of the type customarily conveyed with, or in respect of which security interests are customarily granted
in connection with, such accounts receivable in a securitization transaction and which are sold, transferred or otherwise conveyed
by the Borrower or a Restricted Subsidiary to a Securitization Vehicle.

 

“Securitization
Related Indebtedness” shall mean any financing arrangement of any kind other than a Securitization, with a financial
institution or other lender or purchaser, in each case to finance the purchase, origination, pooling, funding or carrying of Securitization
Assets or Seller’s Retained Interest by the Borrower or any Restricted Subsidiary that is secured solely by such Securitization
Assets or Seller’s Retained Interest and with respect to which the holder may have contractual recourse to the Borrower or
its Restricted Subsidiaries to the extent of the amount of the financing arrangement that exceeds the Realizable Value of the Securitization
Assets and Seller’s Retained Interest related thereto.

 

“Securitization
Vehicle” shall mean a Person that is a direct wholly owned Subsidiary of the Borrower or of any Restricted Subsidiary
or of another Securitization Vehicle (a) formed for the purpose of effecting a Securitization, (b) to which the Borrower and/or
any Restricted Subsidiary and/or another Securitization Vehicle transfers Securitization Assets and (c) which, in connection therewith,
issues (or has a subsidiary that is a Securitization Vehicle that issues) Third Party Securities; provided that (i) such Securitization
Vehicle shall engage in no business other than the purchase of Securitization Assets pursuant to the Securitization permitted by
Section 6.04, the sale of Securitization Assets to another Securitization Vehicle permitted by Section 6.04, the issuance of Third
Party Securities or other funding of such Securitization and any activities reasonably related thereto and (ii) such Securitization
Vehicle shall either issue Third Party Securities in a manner permitted under Section 6.01(b)(xxi) (or have a subsidiary that is
a Securitization Vehicle that issues such Third Party Securities) or be an Unrestricted Subsidiary under this Agreement and an
“Unrestricted Subsidiary” under the Senior Notes Documents and the documents relating to the Senior Secured Notes.

 

“Security
Documents” shall mean the Guarantee and Collateral Agreement, the Mortgages, the Control Agreements, the Intellectual
Property Security Agreements, the Collateral Trust Agreement, the Reaffirmation Agreement and each of the other security agreements,
pledges, mortgages, assignments (collateral or otherwise), consents and other instruments and documents executed and delivered
pursuant to any of the foregoing or pursuant to Section 5.09 or 5.10.

 

“Sellers’
Retained Interests” means the debt and/or equity interests (including any intercompany notes) held by the Borrower or
any Restricted Subsidiary in a Securitization Vehicle to which Securitization Assets have been transferred in a Securitization
permitted by Section 6.04,

 

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including any such debt or equity received as consideration for, or as a portion of, the purchase price
for the Securitization Assets transferred, and any other instrument through which the Borrower or any Restricted Subsidiary has
rights to or receives distributions in respect of any residual or excess interest in the Securitization Assets.

 

“Senior Notes”
shall mean the Borrower’s 7.250% Senior Notes due 2026, 6.625% Senior Notes due 2027, 5.750% Senior Notes due 2028, 5.250%
Senior Notes due 2029 and 2.750% Convertible Senior Notes due 2048.

 

“Senior Notes
Documents” shall mean the indentures under which the Senior Notes are issued and all other instruments, agreements and
other documents evidencing or governing the Senior Notes or providing for any Guarantee or other right in respect thereof, in each
case as the same may be amended or supplemented from time to time in accordance with the terms hereof and thereof.

 

“Senior Secured
Notes” shall mean the Borrower’s 3.750% Senior Secured First Lien Notes due 2024 and 4.450% Senior Secured First
Lien Notes due 2029.

 

“Series”
shall have the meaning provided in Section 2.24(a).

 

“Significant
Subsidiary” shall mean any Subsidiary that would be a “significant subsidiary” as defined in Article 1, Rule
1-02 of Regulation S-X, as such Regulation is in effect on the Closing Date.

 

“SPC”
shall have the meaning assigned to such term in Section 9.04(j).

 

“Specified
Asset Sale” shall mean Asset Sales consummated by the Borrower or any of its Subsidiaries prior to the Fourth Amendment
Effective Date.

 

“Specified
Facility” shall mean each of the following Facilities, or any part thereof and/or any other assets set forth below: (a) the
Facilities held on the Closing Date by Vienna Power LLC, Meriden Gas Turbine LLC, Norwalk Power LLC, Connecticut Jet Power LLC
(excluding the assets located at the Cos Cob site), Devon Power LLC, Montville Power LLC (including the Capital Stock of the entities
owning such Facilities provided that such entities do not hold material assets other than the Facilities held on the Closing Date);
(b) the following Facilities, or any part thereof: P.H. Robinson, H.O. Clarke, Webster, Unit 3 at Cedar Bayou,
Unit 2 at T.H. Wharton and Greens Bayou; (c) the Capital Stock of the following Subsidiaries if such Subsidiary
holds no assets other than the Capital Stock of a Foreign Subsidiary of the Borrower: NRG Latin America, Inc., NRG International
LLC, NRG Asia Pacific, Ltd., NRG International II Inc. and NRG International III Inc.; and (d) the Equity Interests issued by,
and any assets (including any Facilities), of Long Beach Generation LLC and Middletown Power LLC.

 

“Specified
Hedging Agreement” shall mean any Interest Rate/Currency Hedging Agreement entered into by the Borrower or any Subsidiary
Guarantor and any Qualified Counterparty.

 

“Standard
Securitization Undertaking” shall mean any representations, warranties, covenants, repurchase obligations and indemnities
made by or entered into by the Borrower or any Restricted Subsidiary of the Borrower in connection with a permitted Securitization
which the Borrower has determined in good faith to be customary in a Securitization, including, without limitation, any obligation
of a seller of Securitization Assets in a Securitization to repurchase, indemnify or pay deemed collections of Securitization Assets
arising as a result of a breach of a

 

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representation, warranty or covenant, and any other undertaking relating to the origination,
sale or servicing of the Securitization Assets and other assets of an entity engaging in any Securitization (including any special
purpose parent of any entity engaging in such Securitization).

 

“Stated Maturity”
shall mean, with respect to any installment of interest or principal on any series of Indebtedness, the date on which the payment
of interest or principal was scheduled to be paid in the documentation governing such Indebtedness as of the first date it was
incurred in compliance with the terms hereof, and will not include any contingent obligations to repay, redeem or repurchase any
such interest or principal prior to the date originally scheduled for the payment thereof.

 

“Statutory
Reserves” shall mean a fraction (expressed as a decimal), the numerator of which is the number one and the denominator
of which is the number one minus the aggregate of the maximum reserve percentages (including any marginal, special, emergency
or supplemental reserves) expressed as a decimal established by the Board and any other banking authority, domestic or foreign,
to which the Administrative Agent or any Lender (including any branch, Affiliate or other fronting office making or holding a Loan)
is subject for eurocurrency funding (currently referred to as “Eurocurrency Liabilities” in Regulation D of the
Board). Eurodollar Loans shall be deemed to constitute eurocurrency funding and to be subject to such reserve requirements without
benefit of or credit for proration, exemptions or offsets that may be available from time to time to any Lender under such Regulation D
or any comparable regulation. Statutory Reserves shall be adjusted automatically on and as of the effective date of any change
in any reserve percentage.

 

“subsidiary”
shall mean, with respect to any Person (herein referred to as the “parent”), any corporation, partnership, limited
liability company, association or other entity of which securities or other ownership interests representing more than 50% of the
equity or more than 50% of the ordinary voting power or more than 50% of the general partnership interests are, at the time any
determination is being made, owned, controlled or held by the parent or one or more subsidiaries of the parent or by the parent
and one or more subsidiaries of the parent.

 

“Subsidiary”
shall mean any subsidiary (direct or indirect) of the Borrower. In no event will any L/C Securities Issuer constitute a subsidiary
(direct or indirect) of the Borrower.

 

“Subsidiary
Guarantor” shall mean on the Fifth Amendment Effective Date, each Restricted Subsidiary specified on Schedule 1.01(f)
and, at any time thereafter, shall include each other Restricted Subsidiary that is not an Excluded Subsidiary; provided
that if at any time any Subsidiary Guarantor is designated as (i) an Unrestricted Subsidiary or Excluded Project Subsidiary pursuant
to and in accordance with Section 6.10 or (ii) an Excluded Subsidiary pursuant to and in accordance with clause (c) of the definition
thereof, thereafter, such Person shall not be deemed a Subsidiary Guarantor. For the avoidance of doubt, the Funded L/C SPV shall
not be a Subsidiary Guarantor for all purposes under this Agreement and the other Loan Documents.

 

“Sustainability
Pricing Adjustment Date” has the meaning specified in the definition of “Applicable Margin”.

 

“Sustainability
Structuring Agent” shall have the meaning assigned to such term in the preamble.

 

“Swingline
Commitment” shall mean the commitment of the Swingline Lender to make loans pursuant to Section 2.22, as the same
may be reduced from time to time pursuant to Section 2.09.

 

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“Swingline
Exposure” shall mean, at any time, the aggregate principal amount at such time of all outstanding Swingline Loans. The
Swingline Exposure of any Revolving Lender at any time shall equal its Pro Rata Percentage of the aggregate Swingline Exposure
at such time.

 

“Swingline
Lender” shall mean (i) with respect to Swingline Loans denominated in dollars, CNA, (ii) with respect to Swingline loans
denominated in Canadian Dollars, Citibank, N.A., Canadian Branch or (iii) any other Revolving Lender that becomes the Administrative
Agent pursuant to and in accordance with this Agreement or agrees, with the approval of the Administrative Agent and the Borrower,
to act as the Swingline Lender hereunder, in each case, acting through any domestic or foreign branch or affiliate, in its capacity
as lender of Swingline Loans hereunder.

 

“Swingline
Loan” shall mean any loan made by the Swingline Lender pursuant to Section 2.22.

 

“Tax Code”
shall mean the Internal Revenue Code of 1986, as amended from time to time.

 

“Tax Equity
Partner” means any tax equity partner that has entered into a joint venture agreement, limited liability company agreement
or similar arrangement with an Excluded Project Subsidiary in connection with the consummation of a Permitted Tax Equity Financing.

 

“Tax-Exempt
Bonds” shall mean any bonds or other securities issued by a Governmental Authority (including any quasi-governmental
agencies) for the direct or indirect benefit of the Borrower or any Subsidiary Guarantor or, if permitted by Applicable Law, by
the Borrower or any Subsidiary Guarantor, the payment of interest on which is exempt from applicable federal, state and/or local
taxes.

 

“Tax Group”
shall have the meaning assigned to such term in Section 6.06(b)(xii).

 

“Taxes”
shall mean any and all present or future taxes, levies, imposts, duties, deductions, charges, liabilities or withholdings (including
interest, fines, penalties or additions to tax) imposed by any Governmental Authority.

 

“Term Borrowing”
shall mean a Borrowing comprised of a Class of Term Loans, New Term Loans or Refinancing Term Loans.

 

“Term Commitment”
shall mean, with respect to each Lender, the commitment, if any, of such Lender to make Term Loans hereunder as set forth on Schedule
1.01(g) or in the Assignment and Assumption or Joinder Agreement pursuant to which such Lender assumed its Term Commitment,
as applicable, as the same may be (a) reduced from time to time pursuant to Section 2.09 and (b) reduced or increased from time
to time pursuant to assignments by or to such Lender pursuant to Section 9.04. The aggregate principal amount of the Term Commitments
on the Closing Date is $1,900,000,000.

 

“Term Lender”
shall mean a Lender with a Term Commitment or an outstanding Term Loan.

 

“Term Loans”
shall mean the Loan made by the Lenders to the Borrower on the Closing Date pursuant to Section 2.01(a).

 

“Texas Genco
Retirement Plan” shall mean a non-contributory defined benefit pension plan maintained for participation by eligible
Texas-based employees of the Borrower.

 

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“Third Amendment”
shall mean the Third Amendment Agreement, dated as of May 7, 2018, among the Borrower, each Subsidiary Guarantor, the Administrative
Agent, the Collateral Agent and the Revolving Lenders party thereto.

 

“Third Amendment
Effective Date” shall have the meaning assigned to such term in the Third Amendment.

 

“Third Party
Securities” shall mean, with respect to any Securitization, notes, bonds or other debt instruments, beneficial interests
in a trust, undivided ownership interests in receivables or other securities issued for cash consideration by the relevant Securitization
Vehicle to banks, financing conduits, investors or other financing sources (other than the Borrower or any Subsidiary except in
respect of the Sellers’ Retained Interest) the proceeds of which are used to finance, in whole or in part, the purchase by
such Securitization Vehicle of Securitization Assets in a Securitization. The amount of any Third Party Securities shall be deemed
to equal the aggregate principal, stated or invested amount of such Third Party Securities which are outstanding at such time.

 

“Total Assets”
shall mean the total consolidated assets of the Borrower and its Restricted Subsidiaries, determined on a consolidated basis in
accordance with GAAP, as shown on the most recent balance sheet of the Borrower.

 

“Total First
Lien Debt” shall mean, at any time, the aggregate amount of Indebtedness of the Borrower and the Restricted Subsidiaries
outstanding at such time that is subject to a first priority Lien (subject to Permitted Liens), in the amount that would be reflected
on a balance sheet prepared at such time on a consolidated basis in accordance with GAAP; provided, however, that
(a) Total First Lien Debt will exclude all Indebtedness of Excluded Subsidiaries (but, for the avoidance of doubt, not Guarantees
of such Indebtedness by the Loan Parties), (b) with respect to Hedging Obligations of the Borrower or any Restricted Subsidiary,
Total First Lien Debt will include only the amount of payments that any such Person is required to make, on the date Total First
Lien Debt is being determined, as a result of an early termination or similar event in respect of outstanding Hedging Obligations
of such Person, (c) for the avoidance of doubt, the undrawn amount of all outstanding letters of credit (including Letters
of Credit) shall not be included in Total First Lien Debt and (d) Total First Lien Debt shall not include the amount of funds on
deposit in the Funded L/C Collateral Accounts at such time.

 

“Total Net
Debt” shall mean, at any time, (a) the aggregate amount of Indebtedness of the Borrower and the Restricted Subsidiaries
outstanding at such time, in the amount that would be reflected on a balance sheet prepared at such time on a consolidated basis
in accordance with GAAP; provided, however, that (i) Total Net Debt will exclude all Indebtedness of Excluded
Subsidiaries (but, for the avoidance of doubt, not Guarantees of such Indebtedness by the Loan Parties), (ii) with respect
to Hedging Obligations of the Borrower or any Restricted Subsidiary, Total Net Debt will include only the amount of payments that
any such Person is required to make, on the date Total Net Debt is being determined, as a result of an early termination or similar
event in respect of outstanding Hedging Obligations of such Person, (iii) for the avoidance of doubt, the undrawn amount of
all outstanding letters of credit (including Letters of Credit) shall not be included in Total Net Debt and (iv) Total Net Debt
shall not include the amount of funds on deposit in the Funded L/C Collateral Accounts at such time, minus (b) the aggregate
amount of all Unrestricted Cash.

 

“Total Revolving
Commitment” shall mean, at any time, the aggregate amount of the Revolving Commitments, as in effect at such time. The
Total Revolving Commitment on the Fifth Amendment Effective Date is $3,637,300,000; provided that the Fifth Amendment Tranche
A

 

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Revolving Commitments and the Tranche B Revolving Commitments shall not be available to be borrowed until the Dragon Acquisition
Closing Date.

 

“Tranche A
Revolving Commitment” shall mean, with respect to any Lender, the commitment, if any, of such Lender to make Tranche
A Revolving Loans (and to acquire participations in Letters of Credit and Swingline Loans) hereunder as set forth on Schedule 1.01(e)
(as such schedule may be restated pursuant to Section 2.01(d)) or in the Assignment and Assumption or Joinder Agreement, pursuant
to which such Lender assumed its Tranche A Revolving Commitment as applicable, as the same may be (a) reduced from time to
time pursuant to Section 2.09 and (b) reduced or increased from time to time pursuant to assignments by or to such Lender in accordance
with Section 9.04. The Borrower and the Tranche A Revolving Lenders acknowledge and agree that the Tranche A Revolving Commitments
of the Tranche A Revolving Lenders aggregate $3,379,100,000 as of the Fifth Amendment Effective Date, provided that the
Fifth Amendment Tranche A Revolving Commitments shall not be available to be borrowed until the Dragon Acquisition Closing Date.

 

“Tranche A
Revolving Exposure” shall mean, with respect to any Tranche A Revolving Lender at any time, the sum of the Dollar Equivalent
of the (a) the aggregate principal amount at such time of all outstanding Tranche A Revolving Loans of such Tranche A Revolving
Lender, plus (b) the aggregate amount at such time of such Tranche A Revolving Lender’s Tranche A Revolving L/C Exposure,
plus (c) the aggregate amount at such time of such Tranche A Revolving Lender’s Swingline Exposure allocable to the
Tranche A Revolving Commitments.

 

Tranche A Revolving
L/C Exposure” shall mean, at any time, the sum of (a) the aggregate undrawn amount of all Letters of Credit of each
Tranche A Revolving Lender at such time and (b) the aggregate amount of all L/C Disbursements of each Tranche A Revolving
Lender that have not been reimbursed at such time. The Tranche A Revolving L/C Exposure of any Tranche A Revolving Lender at any
time shall equal its Pro Rata Percentage of the aggregate Tranche A Revolving L/C Exposure at such time.

 

“Tranche A
Revolving Lender” shall mean any Lender with a Tranche A Revolving Commitment or a Tranche A Revolving Loan.

 

“Tranche A
Revolving Loan” shall mean any Revolving Loans made pursuant to Tranche A Revolving Commitments.

 

“Tranche A
Revolving Maturity Date” shall mean May 28, 2024.

 

“Tranche B
Extension Request” shall have the meaning provided in Section 9.19(a).

 

“Tranche B
Revolving Commitment” shall mean, with respect to any Lender, the commitment, if any, of such Lender to make Tranche
B Revolving Loans (and to acquire participations in Letters of Credit and Swingline Loans) hereunder as set forth on Schedule 1.01(e)
(as such schedule may be restated pursuant to Section 2.01(d)) or in the Assignment and Assumption or Joinder Agreement, pursuant
to which such Lender assumed its Tranche B Revolving Commitment as applicable, as the same may be (a) reduced from time to
time pursuant to Section 2.09 and (b) reduced or increased from time to time pursuant to assignments by or to such Lender in accordance
with Section 9.04. The Borrower and the Tranche B Revolving Lenders acknowledge and agree that the Tranche B Revolving Credit Commitments
of the Tranche B Revolving Lenders aggregate $258,200,000 as of the Fifth Amendment Effective Date, provided that the Tranche
B Revolving Commitments shall not be available to be borrowed until the Dragon Acquisition Closing Date.

 

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“Tranche B
Revolving Exposure” shall mean, with respect to any Tranche B Revolving Lender at any time, the sum of the Dollar Equivalent
of the (a) the aggregate principal amount at such time of all outstanding Tranche B Revolving Loans of such Tranche B Revolving
Lender, plus (b) the aggregate amount at such time of such Tranche B Revolving Lender’s Tranche B Revolving L/C Exposure,
plus (c) the aggregate amount at such time of such Tranche B Revolving Lender’s Swingline Exposure allocable to the
Tranche B Revolving Commitments.

 

“Tranche B
Revolving L/C Exposure” shall mean, at any time, the sum of (a) the aggregate undrawn amount of all Letters of Credit
of each Tranche B Revolving Lender at such time and (b) the aggregate amount of all L/C Disbursements of each Tranche B Revolving
Lender that have not been reimbursed at such time. The Tranche B Revolving L/C Exposure of any Tranche B Revolving Lender at any
time shall equal its Pro Rata Percentage of the aggregate Tranche B Revolving L/C Exposure at such time.

 

“Tranche B
Revolving Lender” shall mean any Lender with a Tranche B Revolving Commitment or a Tranche B Revolving Loan.

 

“Tranche B
Revolving Loan” shall mean any Revolving Loans made pursuant to Tranche B Revolving Commitments.

 

“Tranche B
Revolving Maturity Date” shall mean the earlier of (x) the date that is 30 months after the Dragon Acquisition Closing
Date (as such date may be extended pursuant to Section 9.19(a)) and (y) May 28, 2024.

 

“Transactions”
shall mean, collectively, (a) the execution, delivery and performance by the Loan Parties of the Loan Documents to which they
are a party, (b) the borrowings hereunder, the issuance of Letters of Credit and the use of proceeds of each of the foregoing,
(c) the granting of Liens pursuant to the Security Documents, (d) the re-evidencing in full of all Term Loans (as defined in the
Existing Credit Agreement) outstanding under the Existing Credit Agreement, (e) the replacement of the revolving credit facility
(including the letter of credit facility and the swingline loan facility thereunder) under the Existing Credit Agreement with the
revolving credit facility (including the letter of credit facility and swingline loan facility thereunder) under this Agreement,
(f) [reserved], (g) any other transactions related to or
entered into in connection with any of the foregoing and (h) the payment of fees, costs and expenses incurred in connection with
the foregoing.

 

“Type”,
when used in respect of any Loan or Borrowing, shall refer to the Rate by reference to which interest on such Loan or on the Loans
comprising such Borrowing is determined. For purposes hereof, the term “Rate” shall include the Adjusted LIBO
Rate, the Alternate Base Rate and the Canadian Base Rate.

 

“UCC”
shall mean the Uniform Commercial Code as in effect in the State of New York or any other applicable jurisdiction.

 

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

 

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

 

“Uniform Customs”
shall have the meaning assigned to such term in Section 9.07.

 

“Unrestricted
Cash” shall mean, without duplication, on any date, (a) all cash and Cash Equivalents included in the cash and Cash Equivalents
accounts listed on the consolidated balance sheet of the Borrower and the Restricted Subsidiaries as at such date (other than any
such amounts listed as “restricted cash” thereon) and (b) all margin deposits related to commodity positions listed
as assets on the consolidated balance sheet of the Borrower and the Restricted Subsidiaries.

 

“Unrestricted
Subsidiary” shall mean any Subsidiary (other than the Funded L/C SPV) that is designated by the Borrower as an Unrestricted
Subsidiary pursuant to a certificate executed by a Responsible Officer of the Borrower, but only to the extent that such Subsidiary
(a) has no Indebtedness other than Non-Recourse Debt; (b) except as permitted by Section 6.07, is not party to any agreement, contract,
arrangement or understanding with the Borrower or any Restricted Subsidiary unless the terms of any such agreement, contract, arrangement
or understanding are no less favorable to the Borrower or such Restricted Subsidiary than those that might be obtained at the time
from Persons who are not Affiliates of the Borrower; (c) is a Person with respect to which neither the Borrower nor any of its
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
except as otherwise permitted by this Agreement; and (d) has not guaranteed or otherwise directly or indirectly provided credit
support for any Indebtedness of the Borrower or any of its Restricted Subsidiaries except as otherwise permitted by this Agreement.
Any designation of a Subsidiary as an Unrestricted Subsidiary will be evidenced to the Administrative Agent by delivering to the
Administrative Agent a certified copy of the certificate executed by a Responsible Officer of the Borrower giving effect to such
designation and certifying that such designation complied with the conditions described under Section 6.10 and was permitted by
Section 6.04. If, at any time, any Unrestricted Subsidiary fails to meet the requirements as an Unrestricted Subsidiary, it will
thereafter cease to be an Unrestricted Subsidiary for purposes of this Agreement and (A) 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 6.01, the Borrower will be in default of such covenant and (B) any assets of such Subsidiary will be
deemed to be held by a Restricted Subsidiary as of such date. The Borrower may at any time designate any Unrestricted Subsidiary
to be a Restricted Subsidiary; provided that such designation will be deemed to be an incurrence of Indebtedness by a Restricted
Subsidiary of any outstanding Indebtedness of such Unrestricted Subsidiary and such designation will only be permitted if (1) such
Indebtedness is permitted under Section 6.01, calculated on a pro forma basis as if such designation had occurred at the beginning
of the four-quarter reference period and (2) no Default or Event of Default would be in existence following such designation. The
Unrestricted Subsidiaries on the Fifth Amendment Effective Date are set forth on Schedule 1.01(h).

 

“Valuation
Date” means (i) in connection with borrowing any Revolving Loan, the date two Business Days prior to the making, continuing
or converting of any Revolving Loan, (ii) in connection with any Letter of Credit not denominated in dollars, as of (x) the date
on or about the date on which the applicable Issuing Bank receives a request from the Borrower for the issuance of such Letter
of Credit and (y) each subsequent date on which Letter of Credit shall be renewed or extended or the stated amount of such Letters
of Credit shall be increased, (iii) in connection with any reimbursement obligations with respect to any L/C Disbursement pursuant
to Section 2.02(f) or Section 2.23(d)(ii), the date on which the applicable payment is required and (iv) in

 

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connection with any
other determination of the Dollar Equivalent of any amount, the date of such determination.

 

“Voting Stock”
of any Person as of any date shall mean the Capital Stock of such Person that is at the time entitled to vote in the election of
the Board of Directors of such Person.

 

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

 

“Withdrawal
Liability” shall mean liability to a Multiemployer Plan as a result of a complete or partial withdrawal from such Multiemployer
Plan, as such terms are defined in Part I of Subtitle E of Title IV of ERISA.

 

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

 

Section
1.02.             Terms Generally.
The definitions in Section 1.01 shall apply equally to both 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”, and words of similar import, shall not be limiting and 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”. The words “asset” and “property” shall be construed as having
the same meaning and effect and to refer to any and all rights and interests in tangible and intangible assets and properties of
any kind whatsoever, whether real, personal or mixed, including cash, securities, Equity Interests, accounts and contract rights.
The word “control”, when used in connection with the Collateral Trustee’s rights with respect to, or security
interest in, any Collateral, shall have the meaning specified in the UCC with respect to that type of Collateral. 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 of this Agreement unless the context shall otherwise require. All references herein
to Articles, Sections, Exhibits and Schedules shall be deemed references to Articles and Sections of, and Exhibits and Schedules
to, this Agreement unless the context shall otherwise require. Except as otherwise expressly provided herein, (a) any definition
of, or reference to, any Loan Document or any other agreement, instrument or document in this Agreement shall mean such Loan Document
or other agreement, instrument or document as amended, restated, amended and restated, supplemented or otherwise modified from
time to time (subject to any restrictions on such amendments, restatements, supplements or modifications set forth herein) and
(b) all terms of an accounting or financial nature shall be construed in accordance with GAAP, as in effect from time to time;
provided, however, that if the Borrower notifies the Administrative Agent that the Borrower wishes

 

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to amend any covenant
in Article VI or any related definition to eliminate the effect of any change in GAAP occurring after the Closing Date on
the operation of such covenant (or if the Administrative Agent notifies the Borrower that the Required Lenders wish to amend Article VI
or any related definition for such purpose), then the Borrower’s compliance with such covenant shall be determined on the
basis of GAAP in effect immediately before the relevant change in GAAP became effective, until either such notice is withdrawn
or such covenant is amended in a manner satisfactory to the Borrower and the Required Lenders.

 

Section
1.03.             Classification
of Loans and Borrowings. For purposes of this
Agreement, Loans may be classified and referred to by Class (e.g., a “Revolving Loan”, “Tranche A Revolving
Loans” or “Tranche B Revolving Loan”) or by Type (e.g., a “Eurodollar Loan”) or by Class and
Type (e.g., a “Eurodollar Revolving Loan”). Borrowings also may be classified and referred to by Class (e.g.,
a “Revolving Borrowing”) or by Type (e.g., a “Eurodollar Borrowing”) or by Class and Type (e.g.,
a “Eurodollar Revolving Borrowing”).

 

Section
1.04.             Exchange
Rates and Conversion of Foreign Currencies 

 

(a)               
Compliance under Article VI. For purposes of determining compliance under Article VI with respect to any amount in
a foreign currency, the U.S. dollar-equivalent amount thereof will be calculated based on the relevant currency exchange rate in
effect at the time of such incurrence. The maximum amount of Indebtedness, Liens, Investments and other basket amounts that the
Borrower and its Subsidiaries may incur under Article VI shall not be deemed to be exceeded, with respect to any outstanding Indebtedness,
Liens, Investments and other basket amounts, solely as a result of fluctuations in the exchange rate of currencies, if as of the
initial date of calculation the Borrower determined that each such maximum amount had not been exceeded. When calculating capacity
for the incurrence of additional Indebtedness, Liens, Investments and other basket amounts by the Borrower and its Subsidiaries
under Article VI the exchange rate of currencies shall be measured as of the date of calculation.

 

(b)               
Dollar Equivalents. The Administrative Agent shall determine the Dollar Equivalent of any amount as of each Valuation
Date (whether to determine compliance with any covenants specified herein or otherwise), and a determination thereof by the Administrative
Agent shall be conclusive absent manifest error. Such determination shall become effective as of such Valuation Date. The Administrative
Agent may, but shall not be obligated to, rely on any determination made by any Loan Party in any document delivered to the Administrative
Agent. The Administrative Agent may determine or redetermine the Dollar Equivalent of any amount on any date either in its reasonable
discretion or upon the reasonable request of the Required Lenders.

 

(c)               
Rounding-Off. The Administrative Agent may set up appropriate rounding off mechanisms or otherwise round-off amounts
hereunder to the nearest higher or lower amount in whole dollar or cent to ensure amounts owing by any party hereunder or that
otherwise need to be calculated or converted hereunder are expressed in whole dollars or in whole cents, as may be necessary or
appropriate.

 

Section
1.05.             Limited Condition Transactions.
Notwithstanding anything to the contrary herein or in any other Loan Document, in connection with any action being taken solely
in connection with a Limited Condition Transaction, for purposes of: 

 

(a)               
determining compliance with any provision of this Agreement which requires the calculation of any financial ratio or test,
including the Consolidated Interest Coverage Ratio, Consolidated First Lien Leverage Ratio, Consolidated Total Net Leverage Ratio,
Debt to Cash Flow

 

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Ratio and Fixed Charge Coverage Ratio, or requires the absence of any Default or Event of Default or the making
of representations and warranties; or

 

(b)               
testing availability under baskets set forth in this Agreement (including baskets measured as a percentage of Total Assets
or Consolidated Cash Flow);

 

in each case, at the
option of the Borrower (the Borrower’s election to exercise such option in connection with any Limited Condition Transaction,
an “LCT Election”), the date of determination of whether any such action is permitted hereunder shall be deemed
to be the date the definitive agreements for such Limited Condition Transaction are entered into (the “LCT Test Date”),
and if, after giving effect to the Limited Condition Transaction and the other transactions to be entered into in connection therewith
(including any incurrence of Indebtedness and the use of proceeds thereof, the granting of any Liens and the making of any Restricted
Payment) on a pro forma basis as if they had occurred at the beginning of the most recently completed period of four consecutive
fiscal quarters for which the financial statements and certificates required by Sections 5.04(a) or 5.04(b), as the case may be,
have been or were required to have been delivered ending prior to the LCT Test Date, the Borrower would have been permitted to
take such action on the relevant LCT Test Date in compliance with such ratio, test or basket, or any requirement relating to the
absence of any Default or Event of Default and the making of representations and warranties, such ratio, test or basket or requirement
shall be deemed to have been complied with; provided, that if the Borrower has made an LCT Election for any Limited Condition
Transaction, then (x) in connection with any subsequent calculation of any financial ratio or basket availability with respect
to any Restricted Payments on or following such date of the execution of the definitive agreement and prior to the earlier of the
date on which such Limited Condition Transaction is consummated or the applicable definitive agreement is terminated or expires
without consummation of such Limited Condition Transaction, any such financial ratio or basket shall be calculated (and tested)
on a pro forma basis assuming that such Limited Condition Transaction had been consummated and also calculated (and tested) on
a pro forma basis assuming that such Limited Condition Transaction had not been consummated and (y) in connection with any other
purposes (other than the testing of compliance with Section 6.11 or 6.12, but including testing pro forma compliance with such
financial covenants), any such financial ratio or basket shall be calculated (and tested) on a pro forma basis assuming that such
Limited Condition Transaction had been consummated. For the avoidance of doubt, if the Borrower has made an LCT Election and any
of the ratios, tests or baskets for which compliance was determined or tested as of the LCT Test Date are exceeded as a result
of fluctuations in any such ratio, test or basket, including due to fluctuations in Consolidated Cash Flow or Total Assets at or
prior to the consummation of the relevant transaction or action, such baskets, tests or ratios will not be deemed to have been
exceeded as a result of such fluctuations.

 

Section
1.06.             Divisions.

 

Any reference herein
to a merger, transfer, amalgamation, consolidation, assignment, sale or disposition, or similar term, shall be deemed to apply
to a division of or by a limited liability company, or an allocation of assets to a series of a limited liability company (or the
unwinding of such division or allocation), as if it were a merger, transfer, amalgamation, consolidation, assignment, sale or disposition,
or similar term, as applicable, to, of or with a separate Person. Any division of a limited liability company shall constitute
a separate Person hereunder (and each division of any limited liability company that is a Subsidiary, joint venture or any other
like term shall also constitute such a Person or entity).

 

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ARTICLE
II.

 

The Credits

 

Section
2.01.             Commitments.
Subject to the terms and conditions hereof and relying upon the representations and warranties set forth herein:

 

(a)               
on the Closing Date, in accordance with and upon the terms and conditions set forth in the
Restatement Agreement, (i) each Exchanging Term Lender (as defined in the Restatement Agreement) agrees to exchange all of its
Existing Term Loans (as defined in the Restatement Agreement) with Term Loans hereunder in an equal principal amount and (ii) each
Additional Term Lender (as defined in the Restatement Agreement) agrees to make Term Loans in the form of Additional Term
Loans (as defined in the Restatement Agreement) in dollars to the Borrower in an amount notified to such Additional Term Lender
by the Administrative Agent;

 

(b)               
[reserved];

 

(c)               
each Revolving Lender agrees, severally and not jointly, to fund Revolving Loans in dollars
or an Alternative Currency to the Borrower, at any time and from time to time on or after the Fifth Amendment Effective Date
and until the earlier of the Revolving Maturity Date for the applicable Class of Revolving Commitments and the termination of the
applicable Revolving Commitment of such Revolving Lender in accordance with the terms hereof in an aggregate principal amount at
any time outstanding that will not result in the Dollar Equivalent of such Revolving Lender’s (x) Revolving Exposure exceeding
such Revolving Lender’s Revolving Commitment, (y) Tranche A Revolving Exposure exceeding such Revolving Lender’s Tranche
A Revolving Commitment or (z) Tranche B Revolving Exposure exceeding such Revolving Lender’s Tranche B Revolving Commitment;
and

 

(d)               
on or prior to the earlier of (x) date that is 30 days after the Fifth Amendment Effective Date (or such longer period as
consented to by the Administrative Agent in its sole discretion) and (y) the Dragon Acquisition Closing Date, one or more existing
Revolving Lenders (any such Lender, a “Post-Amendment Increasing Lender”) shall be permitted to provide additional
Fifth Amendment Tranche A Revolving Commitments and/or additional Tranche B Revolving Commitments to the Borrower by delivering
to the Administrative Agent a duly executed signature page to the Fifth Amendment in the capacity as an Increasing Revolving Lender.
Upon execution and delivery of such signature page, the Administrative Agent shall be permitted to restate Schedule 1.01(e) (Revolving
Commitments) to reflect the Fifth Amendment Tranche A Revolving Commitments and Tranche B Revolving Commitments of such Post-Amendment
Increasing Lender(s). It is understood and agreed that the Fifth Amendment Tranche A Revolving Commitments and/or Tranche B Revolving
Commitments provided by any Post-Amendment Increasing Lender pursuant to this Section 2.01(d) shall not reduce the Maximum Incremental
Amount set out in Section 2.24.

 

Within
the limits set forth in clause (c) above and subject to the terms, conditions and limitations set forth herein, the
Borrower may borrow, pay or prepay and reborrow Revolving Loans. Amounts paid or prepaid in respect of Term Loans, New Term Loans
or Refinancing Term Loans may not be reborrowed.

 

Section
2.02.             Loans.
(a)  Each Loan (other than Swingline Loans) shall be made as part of a Borrowing consisting of Loans of the same
Class and Type made by the Lenders ratably in accordance with their respective Commitments (provided that the Fifth Amendment
Tranche A Revolving Commitments and the Tranche B Revolving Commitments shall not be included in any

 

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such determination until the
Dragon Acquisition Closing Date) of the applicable Class; provided that any Borrowing of Revolving Loans after the Dragon
Acquisition Closing Date and until the Tranche B Revolving Maturity Date shall be made ratably with respect to the aggregate Tranche
A Revolving Commitments and the aggregate Tranche B Revolving Commitments; provided, further, that the failure of
any Lender to make any Loan required to be made by it shall not in itself relieve any other Lender of its obligation to lend hereunder
(it being understood, however, that no Lender shall be responsible for the failure of any other Lender to make any Loan required
to be made by such other Lender). Except for Loans deemed made pursuant to Section 2.02(f) or Section 2.02(g) subject to Section
2.22 relating to Swingline Loans, the Loans comprising any Borrowing shall be in an aggregate principal amount that is (i) an integral
multiple of the Dollar Equivalent of $1,000,000 and not less than the Dollar Equivalent of $5,000,000 or (ii) equal to the remaining
available balance of the applicable Commitments. Notwithstanding anything herein to the contrary, the Fifth Amendment Tranche A
Revolving Commitments and the Tranche B Revolving Commitments shall not be available, and no Loans shall be required to be made
pursuant thereto, until the Dragon Acquisition Closing Date.

 

(b)               
Subject to Section 2.08 or Section 2.15, each Borrowing shall be comprised entirely of ABR Loans or Eurodollar Loans as
the Borrower may request pursuant to Section 2.03. Each Lender may at its option make any Eurodollar Loan by causing any domestic
or foreign branch or Affiliate of such Lender to make such Loan; provided that any
exercise of such option shall (i) not affect the obligation of the Borrower to repay such Loan in accordance with the terms
of this Agreement, (ii) not result in increased costs for the Borrower pursuant to Sections 2.14, 2.15, 2.16 or 2.20 and (iii) take
into account the obligations of each Lender to mitigate increased costs pursuant to Section 2.21 hereof. Borrowings of more than
one Type may be outstanding at the same time; provided, however,
that the Borrower shall not be entitled to request any Borrowing that, if made, would result in more than 16 Eurodollar Borrowings
outstanding hereunder at any time. For purposes of the foregoing, Borrowings having different Interest Periods, regardless of whether
they commence on the same date, shall be considered separate Borrowings.

 

(c)               
Except with respect to Loans made pursuant to Section 2.02(f)or Section 2.02(g), as otherwise
set forth in Section 2.01(a) with respect to Term Loans and subject to Section 2.22 relating to Swingline Loans, each Lender
shall make each Loan to be made by it hereunder on the proposed date thereof by wire transfer of immediately available funds to
such account in New York City as the Administrative Agent may designate not later than 11:00 a.m., New York City time, and
the Administrative Agent shall promptly credit the amounts so received to an account designated by the Borrower in the applicable
Borrowing Request or, if a Borrowing shall not occur on such date because any condition precedent herein specified shall not have
been met, return the amounts so received to the respective Lenders.

 

(d)               
Unless the Administrative Agent shall have received notice from a Lender prior to the date of any Borrowing that such Lender
will not make available to the Administrative Agent such Lender’s portion of such Borrowing, the Administrative Agent may
assume that such Lender has made such portion available to the Administrative Agent on the date of such Borrowing in accordance
with Section 2.02(c) and the Administrative Agent may, in reliance upon such assumption, make available to the Borrower on such
date a corresponding amount. If the Administrative Agent shall have so made funds available then, to the extent that such Lender
shall not have made such portion available to the Administrative Agent, such Lender and the Borrower severally agree to repay to
the Administrative Agent forthwith on demand such corresponding amount together with interest thereon, for each day from the date
such amount is made available to the Borrower to but excluding the date such amount is repaid to the Administrative Agent at (i) in
the case of the Borrower, the interest rate applicable at the time to the Loans comprising such Borrowing (in lieu of interest
which would otherwise become due to such Lender pursuant to

 

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Section 2.06) or (ii) in the case of such Lender, a rate determined
by the Administrative Agent to represent its cost of overnight or short-term funds (which determination shall be conclusive absent
clearly demonstrable error). If such Lender shall repay to the Administrative Agent such corresponding amount, such amount shall
constitute such Lender’s Loan as part of such Borrowing for purposes of this Agreement.

 

(e)               
Notwithstanding any other provision of this Agreement, the Borrower shall not be entitled to request any Revolving Borrowing
which is a Eurodollar Borrowing if the Interest Period requested with respect thereto would end after the latest applicable Revolving
Maturity Date at such time with respect to which the aggregate amount of Revolving Commitments maturing on or after such Revolving
Maturity Date shall equal or exceed the amount of such Revolving Borrowing.

 

(f)                
If the Issuing Bank shall not have received from the Borrower the payment required to be
made by Section 2.23(e) with respect to a Letter of Credit within the time specified in such Section, the Issuing Bank will
promptly notify the Administrative Agent of the L/C Disbursement and the Administrative Agent will promptly notify each Revolving
Lender of such L/C Disbursement and its Pro Rata Percentage thereof. Each Revolving Lender shall pay by wire transfer of immediately
available funds in dollars to the Administrative Agent not later than 5:00 p.m., New York City time, on such date (or, if such
Revolving Lender shall have received such notice later than 3:00 p.m., New York City time, on any day, not later than 10:00 a.m.,
New York City time, on the immediately following Business Day), an amount equal to such Lender’s Pro Rata Percentage of the
Dollar Equivalent of such L/C Disbursement (it being understood that such amount shall be deemed to constitute an ABR Revolving
Loan of such Lender and such payment shall be deemed to have reduced the Revolving L/C Exposure), and the Administrative Agent
will promptly pay to the Issuing Bank amounts so received by it from the Revolving Lenders. The Administrative Agent will promptly
pay to the Issuing Bank any amounts received by it from the Borrower pursuant to Section 2.23(e) prior to the time that any
Revolving Lender makes any payment pursuant to this Section 2.02(f); any such amounts received by the Administrative Agent thereafter
will be promptly remitted by the Administrative Agent to the Revolving Lenders that shall have made such payments and to the Issuing
Bank, as their interests may appear. If any Revolving Lender shall not have made its Pro Rata Percentage of such L/C Disbursement
available to the Administrative Agent as provided above, such Lender and the Borrower severally agree to pay interest on such amount,
for each day from and including the date such amount is required to be paid in accordance with this Section 2.02(f) to but excluding
the date such amount is paid, to the Administrative Agent for the account of the Issuing Bank at (i) in the case of the Borrower,
a rate per annum equal to the interest rate applicable to Revolving Loans pursuant to Section 2.06(a) (in lieu of interest
which would otherwise become due to such Lender pursuant to Section 2.06), and (ii) in the case of such Lender, for the first such
day, the Federal Funds Effective Rate, and for each day thereafter, the Alternate Base Rate; and provided, further,
that under no circumstances shall such Lender be entitled to seek indemnity from any Loan Party in respect of any interest so accrued
or paid.

 

(g)               
If, on the Dragon Acquisition Closing Date, there are any Revolving Loans outstanding, such
Revolving Loans shall be deemed to be automatically prepaid to the Lenders thereof from the proceeds of new Revolving Loans made
under this Agreement ratably in accordance with the aggregate Revolving Commitments in effect on such date, including all Tranche
A Revolving Commitments (including, for the avoidance of doubt, the Fifth Amendment Tranche A Revolving Commitments) and the Tranche
B Revolving Commitments. Such prepayment shall be accompanied by accrued interest on the Revolving Loans being prepaid and costs
incurred by any Lender in accordance with Section 2.16.

 

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Section
2.03.             Borrowing
Procedure. In order to request a Borrowing
(other than a Swingline Loan or a deemed Borrowing pursuant to Section 2.01(a) or Section 2.02(f), as to which this Section 2.03
shall not apply), the Borrower shall notify the Administrative Agent by telephone (promptly confirmed by electronic communication)
or shall hand deliver or send by electronic communication to the Administrative Agent a duly completed Borrowing Request (a) in
the case of a Eurodollar Borrowing, whether denominated in dollars or in an Alternative Currency, not later than 12:00 (noon),
New York City time, three Business Days before a proposed Borrowing, and (b) in the case of an ABR Borrowing, not later
than 12:00 (noon), New York City time, one Business Day before a proposed Borrowing. Each Borrowing Request shall be irrevocable,
shall be signed by or on behalf of the Borrower and shall specify the following information: (i) whether the Borrowing then
being requested is to be a Term Borrowing or a Revolving Borrowing, and whether such Borrowing is to be a Eurodollar Borrowing
or an ABR Borrowing; (ii) the date of such Borrowing (which shall be a Business Day); (iii) the number and location of
the account to which funds are to be disbursed; (iv) the amount of such Borrowing; and (v) for Revolving Loans, the currency
of such Borrowing (provided that each ABR Borrowing shall be denominated in dollars) if such Borrowing is to be a Eurodollar Borrowing,
the initial Interest Period with respect thereto and the Class of Loans to which such initial Interest Period will apply; provided,
however, that, notwithstanding any contrary specification in any Borrowing Request, each requested Borrowing shall comply
with the requirements set forth in Section 2.02. If no election as to the Type of Borrowing is specified in any such notice,
then the requested Borrowing shall be an ABR Borrowing. If no currency is specified with respect to the requested Borrowing, then
the Borrower shall be deemed to have selected dollars. If no Interest Period with respect to any Eurodollar Borrowing is specified
in any such notice, then the Borrower shall be deemed to have selected an Interest Period of one month’s duration. The Administrative
Agent shall promptly advise the applicable Lenders of any notice given in accordance with this Section 2.03 (and the contents
thereof), and of each Lender’s portion of the requested Borrowing.

 

Section
2.04.             Repayment of Loans; Evidence of Debt.
(a)  The Borrower hereby unconditionally promises to pay to the Administrative Agent for the account of each Lender
(i) the principal amount of each New Term Loan and Refinancing Term Loan of such Lender made to the Borrower as provided in
Section 2.11, and (ii) the then unpaid principal amount of each Revolving Loan of such Revolving Lender made to the Borrower
on the applicable Revolving Maturity Date with respect to such Revolving Loan of such Revolving Lender. The Borrower hereby unconditionally
promises to pay to the Swingline Lender the then unpaid principal amount of each Swingline Loan on the earlier of the latest Revolving
Maturity Date at such time and the first date after such Swingline Loan is made that is the 15th day or the last day of a calendar
month and is at least three Business Days after such Swingline Loan is made. Each Loan shall be repaid in the currency in which
it was made.

 

(b)               
Each Lender shall maintain in accordance with its usual practice an account or accounts evidencing the indebtedness of the
Borrower to such Lender resulting from each Loan made by such Lender to the Borrower from time to time, including the amounts of
principal and interest payable and paid to such Lender from time to time under this Agreement, and shall provide copies of such
accounts to the Borrower upon its reasonable request (at the Borrower’s sole cost and expense).

 

(c)               
The Administrative Agent shall maintain accounts in which it will record (i) the amount of each Loan made hereunder,
the Class and Type thereof and the Interest Period applicable thereto, (ii) the amount of any principal or interest due and
payable or to become due and payable from the Borrower to each Lender hereunder and (iii) the amount of any sum received by
the Administrative Agent hereunder from the Borrower or any Subsidiary Guarantor and each Lender’s

 

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share thereof, and shall
provide copies of such accounts to the Borrower upon its reasonable request (at the Borrower’s sole cost and expense).

 

(d)               
The entries made in the accounts maintained pursuant to Sections 2.04(b) and 2.04(c) shall be conclusive evidence of
the existence and amounts of the obligations therein recorded absent clearly demonstrable error; provided,
however, that the failure of any Lender or the Administrative Agent to maintain such accounts
or any error therein shall not in any manner affect the obligations of the Borrower to repay the Loans in accordance with the terms
of this Agreement.

 

(e)               
Any Lender may request that Loans made by it hereunder be evidenced by a promissory note.
In such event, the Borrower shall execute and deliver to such Lender a promissory note payable to such Lender and its registered
assigns (i) in the form of Exhibit F, if such promissory note relates to Revolving Borrowings or (ii) in the form of
Exhibit G, if such promissory note relates to Term Loans or, in any such case, any other form reasonably acceptable
to the Administrative Agent. Notwithstanding any other provision of this Agreement, in the event any Lender shall request and receive
such a promissory note, the interests represented by such note shall at all times (including after any assignment of all or part
of such interests pursuant to Section 9.04) be represented by one or more promissory notes
payable to the payee named therein or its registered assigns.

 

Section
2.05.             Fees.
(a)  The Borrower agrees to pay to each Lender, through the Administrative Agent, no later than 30 Business Days
after the last day of March, June, September and December in each year and on each date on which any Revolving Commitment of such
Lender shall expire or be terminated as provided herein, a commitment fee (a “Commitment Fee”) equal to 0.50%
per annum on the average daily unused amount of the Revolving Commitments of such Lender (other than the Swingline Commitment)
during the preceding quarter (or shorter or longer period commencing with the Closing Date and ending with the applicable Revolving
Maturity Date with respect to the Commitments of such Lender or the date on which the applicable Commitments of such Lender shall
expire or be terminated); provided that if the Consolidated Total Net Leverage Ratio as of the end of any quarter shall be equal
to or less than 3:00 to 1:00, the Commitment Fee payable in respect of such quarter shall be equal to 0.375% per annum. All Commitment
Fees shall be computed on the basis of the actual number of days elapsed in a year of 360 days. The Commitment Fee due to each
Lender shall commence to accrue on the Closing Date and shall cease to accrue on the date on which the Commitment of such Lender
shall expire or be terminated as provided herein. For purposes of calculating Commitment Fees with respect to Revolving Commitments
only, no portion of the Revolving Commitments shall be deemed utilized under Section 2.22 as a result of outstanding Swingline
Loans. For the avoidance of doubt, from the Fifth Amendment Effective Date until the Dragon Acquisition Closing Date, no Commitment
Fee shall be payable with respect to the Fifth Amendment Tranche A Revolving Commitments or the Tranche B Revolving Commitments.

 

(b)               
Unless previously paid, the Borrower agrees to pay to the Administrative Agent, for its
own account, the fees in the amounts and at the times from time to time agreed to in writing by the Borrower and the Administrative
Agent, including pursuant to that certain fee letter, dated as of May 4, 2011, between the Borrower and Citigroup Global Markets
Inc., as the same may be amended, restated, amended and restated, supplemented or otherwise modified from time to time in accordance
with the terms thereof (the “Administrative Agent Fees”).

 

(c)               
The Borrower agrees to pay (i) to each Revolving Lender, through the Administrative Agent, no later than 30 Business Days
after the last day of March, June, September and December of each year and on the date on which the Revolving Commitment of such

 

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Revolving Lender shall be terminated as provided herein (each, an “L/C Fee Payment Date”)
a fee (an “L/C Participation Fee”) calculated on such Revolving Lender’s Pro Rata Percentage of
the daily aggregate Revolving L/C Exposure (excluding the portion thereof attributable to unreimbursed L/C Disbursements which
are earning interim interest pursuant to Section 2.23(h)) during the preceding quarter (or shorter or longer period commencing
with the Closing Date and ending with the Revolving Maturity Date with respect to the Revolving Commitment of such Revolving Lender
or the date on which all Letters of Credit have been canceled or have expired and the Revolving Commitments of all Revolving Lenders
shall have been terminated) at a rate per annum equal to the Applicable Margin used to determine the interest rate on Revolving
Borrowings comprised of Eurodollar Loans pursuant to Section 2.06 and (ii) to the Issuing Bank with respect to each outstanding
Letter of Credit issued at the request of the Borrower a fronting fee, which shall accrue at such rate as shall be separately agreed
upon between the Borrower and the Issuing Bank, on the Dollar Equivalent of the drawable amount of such Letter of Credit, payable
quarterly in arrears on each L/C Fee Payment Date after the issuance date of such Letter of Credit (or as otherwise separately
agreed upon between the Borrower and the applicable Issuing Bank), as well as the Issuing Bank’s customary documentary and
processing charges with respect to the issuance, amendment, renewal or extension of any Letter of Credit issued at the request
of the Borrower or processing of drawings thereunder (the fees in this clause (ii), collectively, the “Issuing
Bank Fees”). All L/C Participation Fees and Issuing Bank Fees shall be computed on the basis of the actual number
of days elapsed in a year of 360 days.

 

(d)               
All Fees shall be paid on the dates due, in immediately available funds in dollars, to the Administrative Agent for distribution,
if and as appropriate, among the Lenders, except that the Issuing Bank Fees shall be paid directly to the Issuing Bank. Once paid,
none of the Fees actually owed and due shall be refundable under any circumstances.

 

(e)               
Notwithstanding anything herein to the contrary, during such period as a Lender is a Defaulting
Lender, such Defaulting Lender will not be entitled to any fees accruing during such period pursuant to Section 2.05(a) or 2.05(c)(i)
(without prejudice to the rights of the non-Defaulting Lenders in respect of such fees), provided that (i) to
the extent that all or a portion of such Defaulting Lender’s Pro Rata Percentage of any Revolving L/C Exposure or Swingline
Exposure is reallocated to the non-Defaulting Lenders pursuant to Section 2.26, such fees that would have accrued for the benefit
of such Defaulting Lender will instead accrue for the benefit of and be payable to such non-Defaulting Lenders, pro rata in accordance
with their respective Revolving Commitments, and (ii) to the extent that all or any portion of such Defaulting Lender’s Pro
Rata Percentage of any Revolving L/C Exposure or Swingline Exposure cannot be so reallocated, such fees will instead accrue for
the benefit of and be payable to the Issuing Bank and the Swingline Lender (and the pro rata payment provisions of Section 2.17
will automatically be deemed adjusted to reflect the provisions of this Section 2.05(e)).

 

Section
2.06.             Interest
on Loans. (a)  Subject to the
provisions of Section 2.07, (x) the outstanding Loans comprising each ABR Borrowing, including each Swingline Loan denominated
in dollars, shall bear interest (computed on the basis of the actual number of days elapsed over a year of 365 or 366 days,
as the case may be, when the Alternate Base Rate is determined by reference to the Prime Rate and over a year of 360 days
at all other times) at a rate per annum equal to the Alternate Base Rate plus the Applicable Margin and (y) the outstanding Swingline
Loans denominated in Canadian Dollars shall bear interest (computed on the basis of the actual number of days elapsed over a year
of 360 days) at a rate per annum equal to the Canadian Base Rate plus the Applicable Margin.

 

(b)               
Subject to the provisions of Section 2.07, the Loans comprising each Eurodollar Borrowing
shall bear interest (computed on the basis of the actual number of days elapsed over a

 

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year of 360 days) at a rate per annum
equal to the Adjusted LIBO Rate for the Interest Period in effect for such Borrowing plus the Applicable Margin.

 

(c)               
Interest on each Loan shall be payable on the Interest Payment Dates applicable to such
Loan except as otherwise provided in this Agreement. Subject to Section 2.08, the applicable Alternate Base Rate or Adjusted LIBO
Rate for each Interest Period, as the case may be, shall be determined by the Administrative Agent, and such determination shall,
absent clearly demonstrable error, be final and conclusive and binding on all parties hereto. Interest on Loans denominated in
dollars shall be payable in dollars, and interest on Loans denominated in an Alternative Currency shall be payable in such Alternative
Currency.

 

Section
2.07.             Default
Interest. If the Borrower shall default in
the payment of the principal of or interest on any Loan or any other amount becoming due and payable hereunder or under any other
Loan Document, by acceleration or otherwise, the Borrower shall on demand from time to time pay interest, to the extent permitted
by law, on such defaulted amount to but excluding the date of actual payment (after as well as before judgment) (a) in the
case of overdue principal, at the rate otherwise applicable to such Loan pursuant to Section 2.06 plus 2.00% per annum
and (b) in all other cases, at a rate per annum (computed on the basis of the actual number of days elapsed over a year of 365
or 366 days, as the case may be, when determined by reference to the Prime Rate and over a year of 360 days at all other times)
equal to the rate that would be applicable to an ABR Revolving Loan (or, with respect to any Obligation denominated in an Alternative
Currency, the Adjusted LIBO Rate for a one month Interest Period) plus 2.00%.

 

Section
2.08.             Alternate
Rate of Interest(a)In
the event, and on each occasion, that prior to the commencement of any Interest Period for a Eurodollar Borrowing in any currency
(a) the Administrative Agent shall have determined that adequate and reasonable means do not exist for determining the applicable
Adjusted LIBO Rate for such Interest Period or (b) the Administrative Agent is advised by (i) if and to the extent such Eurodollar
Borrowing consists of Revolving Loans, the Majority Revolving Lenders and/or (ii) if and to the extent such Eurodollar Borrowing
consists of Term Loans, New Term Loans or Refinancing Term Loans, the Majority Term Lenders, as applicable, in each case, reasonably
and in good faith that the Adjusted LIBO Rate for such Interest Period will not adequately and fairly reflect the cost to such
Lenders of making or maintaining their Loans included in such Borrowing, for such Interest Period, then the Administrative Agent
shall, as soon as practicable thereafter, give written or fax notice of such determination to the Borrower and the Lenders. In
the event of any such notice, until the Administrative Agent shall have advised the Borrower and the Lenders that the circumstances
giving rise to such written or fax notice no longer exist, (A) any request by the Borrower for a Eurodollar Borrowing in such
currency pursuant to Section 2.03 or 2.10 shall be deemed to be a request for an ABR Borrowing in dollars (or in the
case of any applicable Loan in an Alternative Currency, in an amount equal to the Dollar Equivalent thereof) and (B) any Interest
Period election that requests the conversion of any Borrowing to, or continuation of any Borrowing as, a Eurodollar Borrowing shall
be ineffective

 

(b)               
Notwithstanding anything to the contrary in this Agreement or any other Loan Document, if the Administrative Agent determines
in good faith (which determination shall be conclusive absent manifest error), or the Borrower or the Required Lenders notify the
Administrative Agent (with, in the case of the Required Lenders, a copy to the Borrower) that the Borrower or the Required Lenders,
as applicable, have determined, that:

 

(i)                
adequate and reasonable means do not exist for ascertaining the LIBO Rate or the CDOR Rate for any requested Interest Period,
including, without limitation, because

 

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the applicable screen rate is not available or published on a current basis, and such circumstances
are unlikely to be temporary; or

 

(ii)              
the supervisor for the administrator of the LIBO Rate or the CDOR Rate or a Governmental Authority having jurisdiction over
the Administrative Agent has made a public statement identifying a specific date after which the LIBO Rate or the CDOR Rate shall
no longer be made available, or used for determining the interest rate of loans (such specific date, the “Scheduled Unavailability
Date”).

 

then,
after such determination by the Administrative Agent or receipt by the Administrative Agent of such notice, as applicable, the
Administrative Agent and the Borrower may amend this Agreement to replace the LIBO Rate or the CDOR Rate, as applicable, with an
alternate benchmark rate (including any mathematical or other adjustments to the benchmark (if any) incorporated therein) that
has been broadly accepted by the syndicated loan market in the United States in lieu of the LIBO Rate or CDOR Rate, as applicable
(any such proposed rate, a “LIBOR Successor Rate”), provided that at no time shall the LIBOR Successor
Rate be less than zero for purposes of this Agreement, together with any proposed LIBOR Successor Rate Conforming Changes and,
notwithstanding anything to the contrary in Section 9.08, any such amendment shall become effective at 5:00 p.m. (New York
time) on the fifth Business Day after the Administrative Agent shall have posted such proposed amendment to all Lenders and the
Borrower unless, prior to such time, Lenders comprising the Required Lenders have delivered to the Administrative Agent notice
that such Required Lenders do not accept such amendment.

 

(c)               
If no LIBOR Successor Rate has been determined and the circumstances under clause (b)(i) above exist, the obligation of
the Lenders to make or maintain Eurodollar Loans in the affected currency shall be suspended, (to the extent of the affected Eurodollar
Loans or Interest Periods). Upon receipt of such notice, the Borrower may revoke any pending request for a Eurodollar Loan Borrowing
of, conversion to or continuation of Eurodollar Loans (to the extent of the affected Eurodollar Loans or Interest Periods) or,
failing that, will be deemed to have converted such request into a request for a Borrowing of ABR Loans in the amount specified
therein (or in the case of any applicable Loan in an Alternative Currency, in an amount equal to the Dollar Equivalent thereof).

 

Section
2.09.             Termination
and Reduction of Commitments. (a)  Unless
previously terminated in accordance with the terms hereof, (i) the Term Commitments shall automatically terminate at 5:00 p.m.,
New York City time, on the Closing Date, (ii) the Fifth Amendment Tranche A Revolving Commitments and the Tranche B Revolving
Commitments shall automatically terminate on the Dragon Outside Date if the Dragon Acquisition Closing Date has not occurred on
or prior to such date and (iii) subject to preceding clause (ii), the Revolving Commitments, the Swingline Commitment and the L/C
Commitment shall automatically terminate on the Revolving Maturity Date with respect to such Revolving Commitments (provided
that, notwithstanding anything else herein to the contrary, the Revolving Maturity Date applicable to the L/C Commitment and the
Swingline Commitment shall be the Tranche A Revolving Maturity Date (as defined on the Fifth Amendment Effective Date) unless such
date is extended with the prior written consent of, in the case of the L/C Commitment, the Issuing Banks or, in the case of the
Swingline Commitment, the Swingline Lender). If any Letter of Credit remains outstanding on the Revolving Maturity Date with respect
to the Revolving Commitments applicable to such Letter of Credit (and, at the time thereof, after giving effect to the reallocations
of Letter of Credit participations provided for in Section 2.23(d)(iii) and the repayment of the applicable Revolving Loans at
such time, the Revolving Exposure of the applicable Revolving Lenders exceeds the available Revolving Commitments of such Revolving
Lenders), the Borrower shall deposit with the Administrative Agent an amount in cash equal to 103% of the aggregate undrawn amount
of such Letter of Credit

 

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to secure the full obligations with respect to any drawings that may occur thereunder, which amount shall
be promptly returned to the Borrower upon each such Letter of Credit being terminated or cancelled.

 

(b)               
Upon at least three Business Days’ prior irrevocable written or fax notice to the Administrative Agent, the Borrower
may at any time in whole permanently terminate, or from time to time in part permanently reduce, in each case without premium or
penalty, the Revolving Commitments or the Swingline Commitment; provided, however,
that (i) each partial reduction of the Revolving Commitments or the Swingline Commitment shall be in an integral multiple
of $1,000,000 and in a minimum amount of $5,000,000 and (ii) the Total Revolving Commitment shall not be reduced to an amount
that is less than the Aggregate Revolving Exposure then in effect; provided, further,
that a notice of termination may state that such termination is conditioned upon the effectiveness of other credit facilities or
any other event, in which case such notice may be revoked by the Borrower (by notice to the Administrative Agent on or prior to
the specified termination date) if such condition is not satisfied.

 

(c)               
Each reduction in the Revolving Commitments or the Swingline Commitment hereunder shall be made, at the Borrower’s
option, to either (i) on a pro rata basis all Classes of Revolving Commitments outstanding on such date or (ii) the Classes of
Revolving Commitments outstanding on such date in the order of the maturity date thereof, in each case, ratably among the applicable
Lenders in accordance with their Pro Rata Percentages; provided, however,
that (i) to the extent applicable, the Tranche A Revolving Commitments may not be reduced to an amount less than the sum
of the aggregate principal amount of Tranche A Revolving Loans, Swingline Loans allocable to the Tranche A Revolving Commitments
and the Tranche A Revolving L/C Exposure then outstanding and (iii) to the extent applicable, the Tranche B Revolving Commitments
may not be reduced to an amount less than the sum of the aggregate principal amount of Tranche B Revolving Loans, Swingline Loans
allocable to the Tranche B Revolving Commitments and the Tranche B Revolving L/C Exposure then outstanding. The Borrower shall
pay to the Administrative Agent for the account of the applicable Lenders, on the date of each termination or reduction, the Commitment
Fees on the amount of the Dollar Equivalent of the Commitments so terminated or reduced accrued
to but excluding the date of such termination or reduction.

 

(d)               
The Borrower may terminate the unused amount of the Commitment of a Defaulting Lender upon
not less than ten Business Days’ prior notice to the Administrative Agent (which will promptly notify the Lenders thereof),
and in such event the provisions of Section 2.26(e) shall apply to all amounts thereafter paid by the Borrower for the account
of such Defaulting Lender under this Agreement (whether on account of principal, interest, fees, indemnity or other amounts); provided
that such termination will not be deemed to be a waiver or release of any claim the Borrower, the Administrative Agent, the Issuing
Bank, the Swingline Lender or any Lender may have against such Defaulting Lender.

 

Section
2.10.             Conversion
and Continuation of Borrowings. The Borrower
shall have the right at any time upon prior irrevocable notice to the Administrative Agent (a)  not later than 12:00 (noon),
New York City time, one Business Day prior to conversion, to convert any Eurodollar Borrowing of the Borrower into an ABR Borrowing,
(b) not later than 12:00 (noon), New York City time, three Business Days prior to conversion or continuation, to convert any
ABR Borrowing of the Borrower denominated in dollars into a Eurodollar Borrowing or to continue any Eurodollar Borrowing of the
Borrower denominated in dollars as a Eurodollar Borrowing for an additional Interest Period, and (c) not later than 12:00
(noon), New York City time, three Business Days prior to conversion or continuation, to convert or continue the Interest Period
with respect to any Eurodollar Borrowing of the Borrower, whether denominated in dollars or an Alternative

 

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Currency, to another
permissible Interest Period or an additional Interest Period, as applicable, subject in each case to the following:

 

(i)                
each conversion or continuation shall be made pro rata among the Lenders in accordance with
the respective principal amounts of the Loans comprising the converted or continued Borrowing;

 

(ii)              
if less than all the outstanding principal amount of any Borrowing shall be converted or continued, then each resulting
Borrowing shall satisfy the limitations specified in Sections 2.02(a) and 2.02(b) regarding the principal amount and maximum
number of Borrowings of the relevant Type;

 

(iii)            
each conversion shall be effected by each Lender and the Administrative Agent by recording for the account of such Lender
the new Loan of such Lender resulting from such conversion and reducing the Loan (or portion thereof) of such Lender being converted
by an equivalent principal amount; accrued and unpaid interest on any Eurodollar Loan (or portion thereof) being converted shall
be paid by the Borrower at the time of conversion;

 

(iv)             
if any Eurodollar Borrowing is converted at a time other than the end of the Interest Period applicable thereto, the Borrower
shall pay, upon demand, any amounts due to the Lenders pursuant to Section 2.16;

 

(v)               
any portion of a Borrowing maturing or required to be repaid in less than one month may not be converted into or continued
as a Eurodollar Borrowing;

 

(vi)             
any portion of a Eurodollar Borrowing that cannot be converted into or continued as a Eurodollar Borrowing by reason of
the immediately preceding clause shall be automatically converted at the end of the Interest Period in effect for such Borrowing
into an ABR Borrowing;

 

(vii)           
no Interest Period may be selected for any Eurodollar Term Borrowing that would end later than any applicable scheduled
principal payment date for a Term Borrowing occurring on or after the first day of such Interest Period if, after giving effect
to such selection, the aggregate outstanding amount of the sum of (A) the applicable Eurodollar Term Borrowings with Interest
Periods ending on or prior to such payment date and (B) the applicable ABR Term Borrowings would not be at least equal to
the principal amount of applicable Term Borrowings to be paid on such payment date; and

 

(viii)         
after the occurrence and during the continuance of an Event of Default, no outstanding Loan may be converted into, or continued
as, a Eurodollar Loan.

 

Each
notice pursuant to this Section 2.10 shall be irrevocable and shall refer to this Agreement and specify (A) the identity,
amount and currency of the Borrowing that the Borrower requests be converted or continued, (B) whether such Borrowing is to
be converted to or continued as a Eurodollar Borrowing or an ABR Borrowing, (C) if such notice requests a conversion,
the date of such conversion (which shall be a Business Day) and (D) if such Borrowing is to be converted to or continued as
a Eurodollar Borrowing, the Interest Period with respect thereto. If no Interest Period is specified in any such notice with respect
to any conversion to or continuation as a Eurodollar Borrowing, the Borrower shall be deemed to have selected an Interest Period
of one month’s duration. The Administrative Agent shall advise the Lenders of any notice given pursuant to this Section 2.10
and of each Lender’s portion of any converted or continued Borrowing. If the

 

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Borrower shall not have given notice in accordance
with this Section 2.10 to continue any Borrowing into a subsequent Interest Period (and shall not otherwise have given notice
in accordance with this Section 2.10 to convert such Borrowing), such Borrowing shall, at the end of the Interest Period applicable
thereto (unless repaid pursuant to the terms hereof), automatically be converted or continued into (x) in the case of Loans denominated
in dollars, an ABR Borrowing and (y) in the case of Loans denominated in an Alternative Currency, a Eurodollar Borrowing with an
Interest Period of one month.

 

Section
2.11.             Repayment of Term
Loans, New Term Loans and Refinancing Term Loans.
(a)  All Term Loans and New Term Loans outstanding on the Fourth Amendment Effective Date have been repaid in
full.

 

(b)               
In the event and on each occasion that any Term Commitments, New Term Commitments or Refinancing Term Commitments shall
be reduced or shall expire or terminate other than as a result of the making of a Term Loan, a New Term Loan or a Refinancing Term
Loan the installments payable on each applicable repayment date, as applicable, shall be reduced pro rata by an aggregate amount
equal to the amount of such reduction, expiration or termination.

 

(c)               
[reserved].

 

(d)               
On the dates (if any) set forth in the applicable Joinder Agreement, or if any such date is not a Business Day, on the next
preceding Business Day, the Borrower shall pay to the Administrative Agent, for the account of
the Lenders holding New Term Loans and/or Refinancing Term Loans, a principal amount of such New Term Loans and/or Refinancing
Term Loans (in each case, as adjusted from time to time pursuant to Sections 2.11(b), 2.12 and 2.13(b)) in the aggregate amounts
set forth in the applicable Joinder Agreement, together, in each case, with accrued and unpaid interest and Fees on the amount
to be paid to but excluding the date of such payment.

 

(e)               
All repayments pursuant to this Section 2.11 shall be subject to Section 2.16, but shall
otherwise be without premium or penalty.

 

Section
2.12.             Prepayment.
(a)  The Borrower shall have the right at any time and from time to time to prepay any Borrowing, in whole or
in part, subject to the provisions of Section 2.12(d) below, upon at least three Business Days’ prior written or fax notice
(or telephone notice promptly confirmed by written or fax notice) in the case of Eurodollar Loans, or written or fax notice (or
telephone notice promptly confirmed by written or fax notice) at least one Business Day prior to the date of prepayment in the
case of ABR Loans, to the Administrative Agent before 11:00 a.m., New York City time; provided, however, that each
partial prepayment shall be in an amount that is an integral multiple of the Dollar Equivalent of $1,000,000 and not less than
the Dollar Equivalent of $5,000,000; provided, further, that partial prepayments may be made in respect of Tranche
B Revolving Loans on the Tranche B Revolving Maturity Date without a pro rata payment of any Tranche A Revolving Loans that constitute
the same Borrowing.

 

(b)               
Except as otherwise set forth in Section 2.12(e) below, optional prepayments of Term Loans,
New Term Loans and Refinancing Term Loans shall be applied, at the Borrower’s option, either (i) on a pro rata basis to all
Classes of Term Loans, New Term Loans and Refinancing Term Loans in accordance with their
respective aggregate principal amount or (ii) to the Classes of Term Loans, New Term Loans
and Refinancing Term Loans in the order of the maturity date of each such Class (and, within any such Class, on a pro rata basis
to the applicable Lenders); provided that with respect to any such prepayment of
any Class of Term Loans, New Term Loans and Refinancing Term Loans such prepayment shall
be applied against the remaining scheduled installments of principal due in respect of such Class as directed by the Borrower.

 

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(c)               
Each notice of prepayment shall be substantially in the form of Exhibit H,
shall be irrevocable and shall commit the Borrower to prepay such Borrowing by the amount stated therein on the date stated therein;
provided that a notice of prepayment may state that such prepayment is conditioned
upon the effectiveness of other credit facilities or any other event, in which case such notice may be revoked by the Borrower
(by notice to the Administrative Agent on or prior to the specified prepayment date) if such condition is not satisfied. All prepayments
and failures to prepay under this Section 2.12 shall be subject to Section 2.16. All prepayments under this Section 2.12
shall be accompanied by accrued and unpaid interest on the principal amount to be prepaid to but excluding the date of payment.

 

(d)               
Any (i) amendment, amendment and restatement or other modification of this Agreement consummated after the Second Amendment
Effective Date but on or prior to the date that is six months after the Second Amendment Effective Date or (ii) voluntary prepayment
of all but not less than all of the Term Loans then outstanding consummated after the Second Amendment Effective Date but on or
prior to the date that is six months after the Second Amendment Effective Date with the proceeds of a substantially concurrent
issuance or incurrence of new bank loans (which voluntary prepayment shall be deemed to have occurred even if a portion of the
Term Loans then outstanding are replaced, converted or re-evidenced with, into or by such new loans so long as all but not less
than all of the Term Loans then outstanding are so prepaid) the primary purpose of which, in the case of either clause (i) or clause
(ii), is to decrease the Applicable Margin with respect to the Term Loans then outstanding shall be accompanied by a fee payable
to the Lenders holding the Term Loans then outstanding (which shall include any Non-Consenting Lender that is repaid in connection
with any such amendment or amendment and restatement), in an amount equal to 1.00% of the aggregate principal amount of the Term
Loans then outstanding only if such amendment, amendment and restatement, other modification or prepayment is not otherwise undertaken
in connection with another material transaction or series of related material transactions.

 

(e)               
(i)  Notwithstanding anything to the contrary in this Agreement (including but
not limited to Sections 2.12(a), 2.12(b), 2.17, 2.18 and 2.19 (which provisions shall not be applicable to this Section 2.12(e))
or any other Loan Document, any Purchasing Borrower Party shall have the right at any time and from time to time prior to the Latest
Maturity Date in respect to any Term Borrowing to purchase Loans under such Term Borrowing from the applicable Lenders at a discount
to the par value of such Loans (each, a “Discounted Voluntary Purchase”) pursuant to and in accordance
with this Section 2.12(e). Each Discounted Voluntary Purchase shall be subject to each of the following conditions: (A) no Discounted
Voluntary Purchase shall be made, directly or indirectly, with the proceeds of any Loan, (B) any Discounted Voluntary Purchase
may, at the election of the Purchasing Borrower Party, be offered in respect of one or more Classes of Term Loans, but shall be
offered pro rata to all Term Lenders within the Classes of Term Loans selected by the Purchasing Borrower Party, (C) such Purchasing
Borrower Party shall deliver to the Administrative Agent a certificate stating that (1) no Default or Event of Default has occurred
and is continuing or would result from the Discounted Voluntary Purchase (after giving effect to any related waivers, supplements
or amendments obtained in connection with such Discounted Voluntary Purchase) and (2) each of the conditions to such Discounted
Voluntary Purchase contained in this Section 2.12(e) has been satisfied, (D) no Discounted Voluntary Purchase shall be deemed to
be a prepayment pursuant to this Section 2.12 and (E) any Term Loans repurchased in any Discounted Voluntary Purchase by any Purchasing
Borrower Party shall, without further action by any Person, be deemed cancelled and no longer outstanding (and may not be resold
by any Purchasing Borrower Party) for all purposes of this Agreement and all other Loan Documents, including (x) the making of,
or the application of, any payments to the Lenders under this  Agreement or any other Loan Document, (y) the making of any request, demand, authorization, direction, notice, consent
or waiver under this Agreement or any other Loan Document or (z) the determination of Required Lenders, Majority Term Lenders or for
any similar or related purpose,

 

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under this Agreement or any other Loan Document, and the Administrative Agent is hereby authorized to
make appropriate entries in the Register to reflect any such cancellation.

 

(ii)              
To the extent that a Purchasing Borrower Party seeks to make a Discounted Voluntary Purchase,
such Purchasing Borrower Party will deliver to the Administrative Agent written notice substantially in the form of Exhibit
I and with such changes as agreed to by the Administrative Agent (each, a “Discounted
Purchase Option Notice”) not later than 11:00 a.m., New York City time, at least ten Business Days prior to the
proposed Acceptance Date that such Purchasing Borrower Party desires to purchase Term Loans in an aggregate principal amount specified
therein by the Purchasing Borrower Party (each, a “Proposed Discounted Purchase Amount”),
in each case at a discount to the par value of such Term Loans as specified below. The Proposed Discounted Purchase Amount of Term
Loans shall be in an amount that is an integral multiple of $1,000,000 and not less than $5,000,000. The Discounted Purchase Option
Notice shall further specify with respect to the proposed Discounted Voluntary Purchase: (A) the Proposed Discounted Purchase Amount
of Term Loans, (B) a discount range (which may be a single percentage) selected by the Purchasing Borrower Party with respect to
such proposed Discounted Voluntary Purchase (representing the percentage of par of the principal amount of Term Loans to be prepaid)
(the “Discount Range”) and (C) the date by which Term Lenders are required
to indicate their election to participate in such proposed Discounted Voluntary Purchase which shall be at least five Business
Days following the date of the Discounted Purchase Option Notice (the “Acceptance Date”);
provided that any Term Lender offered or approached to participate in any Discounted Voluntary Purchase (x) may elect
or decline, in its sole discretion, to participate in such Discounted Voluntary Purchase, (y) shall make its own decision on whether
to sell any of its Term Loans and, if it decides to do so, the principal amount of and price to be sought for such Term Loans and
(z) shall, in its sole discretion, consult its own attorney, business advisor or tax advisor as to legal, business, tax and related
matters concerning such Discounted Voluntary Purchase.

 

(iii)            
Upon receipt of a Discounted Purchase Option Notice in accordance with Section 2.12(e)(ii), the Administrative Agent shall
promptly notify each Term Lender thereof. On or prior to the Acceptance Date, each such Term Lender may, in its discretion, specify,
by delivering a written notice substantially in the form of Exhibit J and with such
changes as agreed to by the Administrative Agent (each, a “Lender Participation Notice”)
to the Administrative Agent, (A) a minimum price (the “Acceptable Price”)
within the Discount Range (for example, 80.0% of the par value of the Term Loans to be prepaid) and (B) a maximum principal amount
(subject to rounding requirements specified by the Administrative Agent) of Term Loans with respect to which such Term Lender is
willing to permit a Discounted Voluntary Purchase at the Acceptable Price (“Offered Loans”).
Based on the Acceptable Prices and principal amounts of Term Loans specified by the Term Lenders in the applicable Lender Participation
Notice, the Administrative Agent, in consultation with the Purchasing Borrower Party, shall determine the applicable discount for
Term Loans (the “Applicable Discount”), which Applicable Discount shall be (x)
the percentage specified by the Purchasing Borrower Party if the Purchasing Borrower Party has selected a single percentage pursuant
to Section 2.12(e)(ii) for the Discounted Voluntary Purchase or (y) otherwise, the lowest Acceptable Price at which the Purchasing
Borrower Party can pay the Proposed Discounted Purchase Amount in full (determined by adding the principal amounts of Offered Loans
commencing with the Offered Loans with the lowest Acceptable Price); provided, however, that in the event
that such Proposed Discounted Purchase Amount cannot be paid in full at any Acceptable Price, the Applicable Discount shall be
the highest Acceptable Price specified by the Term Lenders that is within the Discount Range. The Applicable Discount shall be
applicable to all Term Lenders who

 

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 have offered to participate in the Discounted Voluntary Purchase and hold Qualifying Loans.
Any Term Lender with outstanding Term Loans whose Lender Participation Notice is not received by the Administrative Agent on or
prior to the Acceptance Date shall be deemed to have declined to participate in a Discounted Voluntary Purchase of any of its Term
Loans at any discount to their par value within the Applicable Discount.

 

(iv)             
The Purchasing Borrower Party shall make a Discounted Voluntary Purchase by prepaying at the Applicable Discount those Term
Loans (or the respective portions thereof) offered by the Term Lenders (the “Qualifying
Lenders”) that specify an Acceptable Price that is equal to or lower than the Applicable Discount (the “Qualifying
Loans”); provided that if the aggregate proceeds required to prepay all
Qualifying Loans (disregarding any interest and other amounts due and payable with respect thereto at such time) would exceed the
amount of aggregate proceeds required to prepay the Proposed Discounted Purchase Amount, calculated by applying the Applicable
Discount, the Purchasing Borrower Party shall prepay such Qualifying Loans ratably among the Qualifying Lenders based on their
respective principal amounts of such Qualifying Loans (subject to rounding requirements specified by the Administrative Agent).
If the aggregate proceeds required to prepay all Qualifying Loans (disregarding any interest and other amounts due and payable
with respect thereto at such time) would be less than the amount of the aggregate proceeds required to prepay the Proposed Discounted
Purchase Amount, calculated by applying the Applicable Discount, the Purchasing Borrower Party shall prepay all Qualifying Loans.

 

(v)               
Each Discounted Voluntary Purchase shall be made within four Business Days of the Acceptance Date (or such other date as
the Administrative Agent may reasonably agree to, given the time required to calculate the Applicable Discount and determine the
amount and holders of Qualifying Loans), without premium or penalty (but subject to the provisions of Section 2.12(d)), upon irrevocable
notice substantially in the form of Exhibit K and with such changes as agreed to
by the Administrative Agent (each a “Discounted Voluntary Purchase Notice”),
delivered by the applicable Purchasing Borrower Party to the Administrative Agent no later than 11:00 a.m. (New York City time),
three Business Days prior to the date of such Discounted Voluntary Purchase, which notice shall specify the date and amount of
the Discounted Voluntary Purchase and the Applicable Discount determined by the Administrative Agent. Upon receipt of any Discounted
Voluntary Purchase Notice, the Administrative Agent shall promptly notify each relevant Term Lender thereof. If any Discounted
Voluntary Purchase Notice is given, the Purchasing Borrower Party shall pay the amount specified in such Discounted Voluntary Purchase
Notice to the applicable Qualifying Lenders on the date specified therein, together with accrued and unpaid interest on the par
principal amount of such applicable Qualifying Loans to but excluding the date of payment, and each such Discounted Voluntary Purchase
shall be consummated pursuant to an Assignment and Assumption executed by the applicable Purchasing Borrower Party and each applicable
Qualifying Lender and shall be recorded in the Register in accordance with Section 9.04(e).

 

(vi)             
To the extent not expressly set forth herein, each Discounted Voluntary Purchase shall be consummated pursuant to reasonable
procedures (including as to timing, rounding and calculation of Applicable Discount in accordance with Section 2.12(e)(iii) above)
established by the Administrative Agent and the Borrower.

 

(vii)           
Prior to the delivery of a Discounted Voluntary Purchase Notice, upon written notice to the Administrative Agent, the Purchasing
Borrower Party may withdraw

 

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its offer to make a Discounted Voluntary Purchase pursuant to any Discounted Purchase Option Notice.

 

(viii)         
Each of each Qualifying Lender and each Purchasing Borrower Party acknowledges and agrees that, with respect to any Discounted
Voluntary Purchase, (A) it or any other party to such Discounted Voluntary Purchase may have, or come into possession of, information
(collectively, the “Excluded Information”) regarding the Borrower, its Subsidiaries, their respective securities
or the Loan Documents (including financial results and business plans) that is not known or available to any Agent, any Arranger,
any Issuing Bank, any Loan Party or any Lender and that may be material to its or such other party’s decision to enter into
such Discounted Voluntary Purchase (including material non-public information with respect to the Borrower, its Subsidiaries or
their respective securities), and that it or any other party to such Discounted Voluntary Purchase may be entering into such Discounted
Voluntary Purchase based on the Excluded Information, (B) it has independently and without reliance on any Agent, any Arranger,
any Issuing Bank, any Loan Party or any Lender (and no, Agent, Arranger, Issuing Bank, Loan Party or Lender shall have any duty
or responsibility to conduct any analysis on its behalf), and based on such information as it has deemed appropriate (including,
if applicable, the Excluded Information), made its own independent analysis (including credit, legal, tax and bankruptcy analysis),
consulted with its own advisors with respect thereto as it has deemed appropriate and determined to enter into such Discounted
Voluntary Purchase and to consummate the transactions contemplated thereby, notwithstanding its lack of knowledge of the Excluded
Information or the knowledge by any other party to such Discounted Voluntary Purchase of the Excluded Information, and (C) none
of any Agent, any Arranger, any Issuing Bank, any Loan Party or any Lender shall have any liability to it with respect to the nondisclosure
of the Excluded Information, and it hereby to the extent permitted by law waives and releases any claims it may have against any
Agent, any Arranger, any Issuing Bank, any Loan Party or any Lender under applicable laws or otherwise, with respect to the nondisclosure
of the Excluded Information; provided that the Excluded Information shall not and does not affect the truth or accuracy
of any representations or warranties made by it in any documents executed by it with respect to such Discounted Voluntary Purchase
or any representations or warranties made by any Loan Party under any Loan Document.

 

(ix)             
None of any Agent, any Arranger, any Issuing Bank, any Lender or any of their respective
affiliates assumes any responsibility for the accuracy or completeness of the information concerning the Borrower, the Loan Parties,
or any of their Affiliates (whether contained in the documents with respect to any Discounted Voluntary Purchase or otherwise)
or for any failure to disclose events that may have occurred and may affect the significance or accuracy of such information.

 

(x)               
Solely for purposes of this Section 2.12(e), references to Term Loans and Term Lenders shall
include New Term Loans, Refinancing Term Loans, Term Lenders and Refinancing Term Lenders, as applicable.

 

Section
2.13.             Mandatory
Prepayments. (a)  In the
event of any termination in full of all the Revolving Commitments, the Borrower shall, on the date of such termination, repay or
prepay all its outstanding Revolving Borrowings and all its outstanding Swingline Loans and replace all its outstanding Letters
of Credit and/or deposit an amount equal to the Revolving L/C Exposure in cash in a cash collateral account established with the
Administrative Agent for the benefit of the Revolving Lenders and the Issuing Bank. If as a result of any partial reduction of
the Revolving Commitments the Aggregate Revolving Exposure would exceed the Total Revolving

 

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Commitment, after giving effect thereto,
then the Borrower shall, on the date of such reduction, repay or prepay Revolving Borrowings or Swingline Loans (or a combination
thereof) and/or cash collateralize Letters of Credit in an amount sufficient to eliminate such excess. Each prepayment under this
Section 2.13(a) shall be made on a pro rata basis among the Revolving Commitments based on the Pro Rata Percentages of each Lender.

 

(b)               
(i) In the event that, pursuant to Section 6.04, the Borrower is required to commence an Asset Sale Offer, the Borrower
shall, to the extent required under the applicable Joinder, prepay the Term Loans, New Term Loans and Refinancing Term Loans then
outstanding according to the procedures and in the amounts specified below. The Asset Sale Offer shall be made to all Term Lenders,
New Term Lenders and Refinancing Term Lenders and, at the election of the Borrower, to other holders of other Indebtedness under
Credit Facilities that is pari passu with the Guaranteed Obligations and that constitutes Priority Lien Debt (as defined in the
Collateral Trust Agreement) containing provisions similar to those set forth in this Agreement with respect to offers to prepay,
purchase or redeem with the proceeds of sales of assets on a pro rata basis (and within any Class on a pro rata basis to the applicable
Lenders). The Asset Sale Offer shall remain open for a period of at least 20 Business Days following its commencement and not more
than 30 Business Days, except to the extent that a longer period is required by Applicable Laws (the “Offer
Period”). No later than three Business Days after the termination of the Offer Period (the “Prepayment
Date”), the Borrower shall apply all Excess Proceeds (the “Offer Amount”)
to the prepayment of the Term Loans, New Term Loans and Refinancing Term Loans then outstanding with respect to which the Lenders
thereof shall have elected a prepayment with such Excess Proceeds and, if applicable and at the Borrower’s election, to the
prepayment or the purchase, as applicable, of such other pari passu Indebtedness under Credit Facilities (on a pro rata basis,
if applicable) or, if less than the Offer Amount has been accepted in such Asset Sale Offer at the end of the applicable Offer
Period, to the prepayment of the Term Loans, New Term Loans and Refinancing Term Loans then outstanding with respect to which the
Lenders thereof shall have elected a prepayment with such Offer Amount. If the aggregate principal amount of Term Loans, New Term
Loans, Refinancing Term Loans and such other pari passu Indebtedness accepting such Asset Sale Offer exceeds the Offer Amount,
such prepayment or purchase shall be made on a pro rata basis with respect thereto.

 

(ii)              
Upon the commencement of an Asset Sale Offer, the Borrower shall deliver to the Administrative
Agent, on the first day of each applicable Offer Period, written or fax notice (or telephone notice promptly confirmed by written
or fax notice) substantially in the form of Exhibit L, which notice shall be irrevocable and shall commit the Borrower
to prepay the Term Loans, New Term Loans and Refinancing Term Loans then outstanding by the Offer Amount stated therein on the
Prepayment Date stated therein. The Administrative Agent shall notify the Term Lenders, New Term
Lenders and Refinancing Term Lenders promptly upon receipt of the Borrower’s notice.

 

(iii)            
On the Prepayment Date, the Borrower shall (A) prepay, on a pro rata basis to the extent
necessary, the Offer Amount of the Term Loans, New Term Loans and Refinancing Term Loans then outstanding or portions thereof with
respect to which the Lenders thereof shall have elected a prepayment with such Excess Proceeds pursuant
to the Asset Sale Offer, or, if less than the Offer Amount has been accepted in such Asset
Sale Offer at the end of the applicable Offer Period, prepay the
Term Loans, New Term Loans and Refinancing Term Loans then outstanding with respect to which the Lenders thereof shall have elected
a prepayment with such Offer Amount, which prepayment shall, in each case, be applied on a pro rata basis against the remaining
scheduled installments of principal due and the final payment on the maturity date in respect of each Class of Term Loans, New
Term Loans and Refinancing Term Loans and (B) deliver to the

 

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Administrative Agent an Officers’ Certificate stating that such
Term Loans, New Term Loans and Refinancing Term Loans or portions thereof were prepaid in accordance with the terms of this Section
2.13(b).

 

(c)               
The Borrower shall deliver to the Administrative Agent and the Issuing Bank, at the time
of each prepayment, reduction or cash collateralization required under this Section 2.13, a certificate signed by a Financial Officer
of the Borrower setting forth in reasonable detail the calculation of the amount of such prepayment, reduction or cash collateralization.
Each notice of reduction or cash collateralization shall specify the reduction or cash collateralization date, the Type and Class
of each Loan being prepaid and the principal amount of each Loan (or portion thereof) to be prepaid and the amount of any reduction
of Revolving Commitments. All prepayments of Borrowings or reductions of Revolving Commitments pursuant to this Section
2.13 shall be accompanied by accrued and unpaid interest on the principal amount to be paid to but excluding the date of payment
and shall be subject to Section 2.16, but shall otherwise be without premium or penalty.

 

Section
2.14.             Reserve Requirements; Change in Circumstances.
(a)  Notwithstanding any other provision of this Agreement, if any Change in Law shall:

 

(i)                
impose, modify or deem applicable any reserve, special deposit or similar requirement against assets of, deposits with or
for the account of, or credit extended by, any Lender, the Administrative Agent or the Issuing Bank,

 

(ii)              
subject any Lender, the Administrative Agent or any Issuing Bank to any Taxes (other than Indemnified Taxes or Excluded
Taxes) on its loans, loan principal, letters of credit, commitments or other obligations, or its deposits, reserves, other liabilities
or capital attributable thereto; or

 

(iii)            
impose on any Lender, the Administrative Agent or any Issuing Bank or the London interbank market any other condition affecting
this Agreement or Eurodollar Loans made by such Lender or any Letter of Credit (except, in each case, any such reserve requirement
which is reflected in the Adjusted LIBO Rate),

 

and the result of any of the foregoing
shall be to increase the cost to such Lender or such Issuing Bank of making or maintaining, continuing or converting to any Eurodollar
Loan (or of maintaining its obligation to make any such Loan) or to increase the cost to any Lender, the Administrative Agent or
any Issuing Bank of issuing or maintaining any Letter of Credit or purchasing or maintaining a participation therein or to reduce
the amount of any sum received or receivable by such Lender or such Issuing Bank hereunder (whether of principal, interest or otherwise)
by an amount reasonably deemed by such Lender, the Administrative Agent or such Issuing Bank to be material, then the Borrower will pay to such Lender, the Administrative Agent or the Issuing Bank, as
the case may be, promptly upon demand such additional amount or amounts as will compensate such Lender or the Issuing Bank, as the case
may be, for such additional costs incurred or reduction suffered.

 

(b)               
If any Lender, the Administrative Agent or any Issuing Bank shall have determined that any Change in Law regarding capital
adequacy or liquidity requirements has or would have the effect of reducing the rate of return on such Lender’s, the Administrative
Agent’s or the Issuing Bank’s capital or on the capital of such Lender’s, the Administrative Agent’s or
the Issuing Bank’s holding company, if any, as a consequence of this Agreement or the Loans made by, or participations in
Letters of Credit or Swingline Loans purchased by, such Lender or the Letters of Credit issued by such Issuing Bank to a level
below that which such Lender, the Administrative

 

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Agent or such Issuing
Bank or such Lender’s, the Administrative Agent’s or such Issuing Bank’s holding company could have achieved
but for such Change in Law (taking into consideration such Lender’s, the Administrative Agent’s or such Issuing Bank’s
policies and the policies of such Lender’s, the Administrative Agent’s or such Issuing Bank’s holding company
with respect to capital adequacy or liquidity) by an amount reasonably deemed by such Lender, the Administrative Agent or such
Issuing Bank to be material, then from time to time the Borrower shall pay to such Lender, the Administrative Agent or the Issuing
Bank, as the case may be, such additional amount or amounts as will compensate such Lender, the Administrative Agent or such Issuing
Bank or such Lender’s, the Administrative Agent’s or such Issuing Bank’s holding company for any such reduction
suffered.

 

(c)               
A certificate of a Lender, the Administrative Agent or an Issuing Bank setting forth the amount or amounts reasonably determined
by such Person to be necessary to compensate such Lender, the Administrative Agent or such Issuing Bank or its holding company,
as applicable, as specified in paragraph (a) or (b) of this Section, the calculations and criteria applied to determine such
amount or amounts, and other documentation or information reasonably supporting the conclusions in such certificate, shall be delivered
to the Borrower and shall, absent clearly demonstrable error, be final and conclusive and binding. The Borrower shall pay such
Lender, the Administrative Agent or the Issuing Bank, as the case may be, the amount or amounts shown as due on any such certificate
delivered by it within 10 days after its receipt of the same.

 

(d)               
Failure or delay on the part of any Lender, the Administrative Agent or any Issuing Bank
to demand compensation pursuant to this Section shall not constitute a waiver of such Lender’s, the Administrative Agent’s
or the Issuing Bank’s right to demand such compensation; provided that the Borrower shall not be under any
obligation to compensate any Lender, the Administrative Agent or any Issuing Bank under paragraph (a) or (b) above for increased
costs or reductions with respect to any period prior to the date that is 270 days prior to such request; provided,
further, that the foregoing limitation shall not apply to any increased costs or
reductions arising out of the retroactive application of any Change in Law within such 270-day period. The protection of this Section shall
be available to each Lender, the Administrative Agent and each Issuing Bank regardless of any possible contention of the invalidity
or inapplicability of the Change in Law that shall have occurred or been imposed.

 

Section
2.15.             Change
in Legality. (a)  Notwithstanding
any other provision of this Agreement, if any Change in Law shall make it unlawful for any Lender to make or maintain any
Eurodollar Loan or to give effect to its obligations as contemplated hereby with respect to any Eurodollar Loan, then, by written
notice to the Borrower (which notice shall include documentation or information in reasonable detail supporting the conclusions
in such notice) and to the Administrative Agent:

 

(i)                
such Lender may declare that Eurodollar Loans in the affected currency or currencies will
not thereafter (for the duration of such unlawfulness) be made by such Lender hereunder (or be continued for additional Interest
Periods and ABR Loans will not thereafter (for such duration) be converted into Eurodollar Loans), whereupon any request for a
Eurodollar Borrowing denominated in dollars (or to convert an ABR Borrowing to a Eurodollar Borrowing or to continue a Eurodollar
Borrowing denominated in dollars for an additional Interest Period) shall, as to such Lender only, be deemed a request for an ABR
Loan (or a request to continue an ABR Loan as such for an additional Interest Period or to convert a Eurodollar Loan into an ABR
Loan, as the case may be), unless such declaration shall be subsequently withdrawn; and

 

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(ii)              
such Lender may require that (x) all outstanding Eurodollar Loans denominated in dollars
made by it be converted to ABR Loans, in which event all such Eurodollar Loans shall be automatically converted to ABR Loans as
of the effective date of such notice as provided in paragraph (b) below and (y) cause the interest rate with respect to all
outstanding Eurodollar Loans denominated in an Alternative Currency to be determined by an alternative rate mutually acceptable
to the Borrower and the applicable Lenders.

 

In the event any Lender shall exercise
its rights under (i), (ii) or (iii) above, all payments and prepayments of principal that would otherwise have been applied
to repay the Eurodollar Loans that would have been made by such Lender or the converted Eurodollar Loans of such Lender shall instead
be applied to repay the ABR Loans made by such Lender in lieu of, or resulting from the conversion of, such Eurodollar Loans. Any
such conversion of a Eurodollar Loan under (i) above shall be subject to Section 2.16.

 

(b)               
For purposes of this Section 2.15, a notice to the Borrower by any Lender shall be effective as to each Eurodollar
Loan made by such Lender, if lawful, on the last day of the Interest Period then applicable to such Eurodollar Loan; in all other
cases such notice shall be effective on the date of receipt by the Borrower.

 

Section
2.16.             Indemnity.
The Borrower shall indemnify each Lender against any loss or expense that such Lender may sustain or incur as a consequence of
(a) any event, other than a default by such Lender in the performance of its obligations hereunder, which results in (i) such
Lender receiving or being deemed to receive any amount on account of the principal of any Eurodollar Loan prior to the end of the
Interest Period in effect therefor, (ii) the conversion of any Eurodollar Loan to an ABR Loan, or the conversion of the Interest
Period with respect to any Eurodollar Loan, in each case other than on the last day of the Interest Period in effect therefor or
(iii) any Eurodollar Loan to be made by such Lender (including any Eurodollar Loan to be made pursuant to a conversion or continuation
under Section 2.10) not being made after notice of such Loan shall have been given by the Borrower hereunder (any of the events
referred to in this clause (a) being called a “Breakage Event”) or (b) any default in the making of any payment
or prepayment required to be made hereunder. In the case of any Breakage Event, such loss shall include, in the case of a Lender,
an amount equal to the excess, as reasonably determined by such Lender, of (i) its cost of obtaining funds for the Eurodollar Loan
that is the subject of such Breakage Event for the period from the date of such Breakage Event to the last day of the Interest
Period in effect (or that would have been in effect) for such Loan over (ii) the amount of interest likely to be realized by such
Lender in redeploying the funds released or not utilized by reason of such Breakage Event for such period. A certificate of any
Lender setting forth any amount or amounts which such Lender believes it is entitled to receive pursuant to this Section 2.16,
including the calculations and criteria applied to determine such amount or amounts, and other documentation or information reasonably
supporting the conclusions in such certificate, shall be delivered to the Borrower and shall, absent clearly demonstrable error,
be final and conclusive and binding.

 

Section
2.17.             Pro Rata
Treatment Except as provided below in this
Section 2.17 with respect to Swingline Loans and as required under Section 2.09(d), 2.12(a), 2.12(e), 2.13, 2.14, 2.15,
2.20, 2.21, 2.22(e), 2.23(d)(ii), 2.23(d)(iii), 2.24, 2.25, 9.04, or 9.19, each Borrowing, each payment or prepayment of principal
of any Borrowing by the Borrower, each payment of reimbursement obligations, each payment of interest on the Loans, each payment
of the Commitment Fees, each reduction of the Term Commitments, the New Term Commitments, the Refinancing Term Commitments or the
Revolving Commitments and each conversion of any Borrowing to or continuation of any Borrowing as a Borrowing of any Type, in each
case, by the Borrower, shall be allocated pro rata among the Lenders in accordance with their respective

 

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applicable Commitments
(or, if such Commitments shall have expired or been terminated, in accordance with the respective principal amounts of their outstanding
Loans). For purposes of determining the available Revolving Commitments of the Lenders at any time, each outstanding Swingline
Loan shall be deemed to have utilized the Revolving Commitments of the Lenders (including those Lenders which shall not have made
Swingline Loans) pro rata in accordance with such respective Revolving Commitments (provided that the Fifth Amendment Tranche
A Revolving Commitments and Tranche B Revolving Commitments shall not be included in any such determination until the Dragon Acquisition
Closing Date). Each Lender agrees that in computing such Lender’s portion of any Borrowing to be made hereunder, the Administrative
Agent may, in its discretion, round each Lender’s percentage of such Borrowing to the next higher or lower whole dollar amount.

 

Section
2.18.             Sharing
of Setoffs. Each Lender agrees that if,
other than as a result of any assignment of Loans pursuant to and in accordance with this Agreement (including any assignment to
any Purchasing Borrower Party pursuant to and in accordance with Section 2.12(e) and any assignment by a Lender pursuant to and
in accordance with Section 9.04), it shall, through the exercise of a right of banker’s lien, setoff or counterclaim against
the Borrower or any other Loan Party, or pursuant to a secured claim under Section 506 of Title 11 of the United States Code,
11 U.S.C. §§ 101, et seq., as amended from time to time, or other security or interest arising from, or in lieu
of, such secured claim, received by such Lender under any applicable bankruptcy, insolvency or other similar law or otherwise,
or by any other means, obtain payment (voluntary or involuntary) in respect of any Loan or Loans or L/C Disbursement as a result
of which the unpaid principal portion of its Loans and participations in L/C Disbursements shall be proportionately less than the
unpaid principal portion of the Loans and participations in L/C Disbursements of any other Lender, it shall be deemed simultaneously
to have purchased from such other Lender at face value, and shall promptly pay to such other Lender the purchase price for, a participation
in the Loans and Revolving L/C Exposure of such other Lender, so that the aggregate unpaid principal amount of the Loans and Revolving
L/C Exposure and participations in Loans and Revolving L/C Exposure held by each Lender shall be in the same proportion to the
aggregate unpaid principal amount of all Loans and Revolving L/C Exposure then outstanding as the principal amount of its Loans
and Revolving L/C Exposure prior to such exercise of banker’s lien, setoff or counterclaim or other event was to the principal
amount of all Loans and Revolving L/C Exposure outstanding prior to such exercise of banker’s lien, setoff or counterclaim
or other event; provided, however, that if any such purchase or purchases or adjustments shall be made pursuant to
this Section 2.18 and the payment giving rise thereto shall thereafter be recovered, such purchase or purchases or adjustments
shall be rescinded to the extent of such recovery and the purchase price or prices or adjustment restored without interest; provided,
further, that in the event that any Defaulting Lender exercises any such right of setoff, (a) all amounts so set off will
be paid over immediately to the Administrative Agent for further application in accordance with the provisions of Section 2.26
and, pending such payment, will be segregated by such Defaulting Lender from its other funds and deemed held in trust for the benefit
of the Administrative Agent, the Issuing Bank, the Swingline Lender and the Lenders and (b) the Defaulting Lender will 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. The Borrower expressly consents to the foregoing arrangements and agrees that any
Lender holding a participation in a Loan or L/C Disbursement deemed to have been so purchased may exercise any and all rights of
banker’s lien, setoff or counterclaim with respect to any and all moneys owing by the Borrower to such Lender by reason thereof
as fully as if such Lender had made a Loan directly to the Borrower in the amount of such participation.

 

Section
2.19.             Payments.
(a)  The Borrower shall make each payment (including principal of or interest on any Borrowing or any L/C Disbursement
or any Fees or other amounts)

 

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hereunder and under any other Loan Document not later than 12:00 (noon) (or such other time
as otherwise required by Section 2.23(e)), New York City time, on the date when due in immediately available funds, without setoff,
defense or counterclaim. Each such payment (other than (i) Issuing Bank Fees, which shall be paid directly to the Issuing Bank,
(ii) principal of and interest on Swingline Loans, which shall be paid directly to the Swingline Lender except as otherwise provided
in Section 2.22(e) and (iii) payments pursuant to Sections 2.14, 2.16 or 2.20, which at the election of the Borrower
may be made directly to the Lender claiming the benefit of any such Sections) shall be made to the Administrative Agent at its
offices at 390 Greenwich Street, New York, NY 10013 by wire transfer of immediately available funds (or as otherwise agreed by
the Borrower and the Administrative Agent). The Administrative Agent shall pay to each Lender any payment received on such Lender’s
behalf promptly after the Administrative Agent’s receipt of such payment. All payments hereunder and under each other Loan
Document shall be made in dollars or with respect to any Borrowing or L/C Disbursement in an Alternative Currency, in the applicable
Alternative Currency.

 

(b)               
Except as otherwise expressly provided herein, whenever any payment (including principal of or interest on any Borrowing
or any Fees or other amounts) hereunder or under any other Loan Document shall become due, or otherwise would occur, on a day that
is not a Business Day, such payment may be made on the next succeeding Business Day, and such extension of time shall in such case
be included in the computation of interest or Fees, if applicable.

 

Section
2.20.             Taxes.
(a)  Except as otherwise provided herein, any and all payments by or on account of any obligation of the Borrower
or any other Loan Party hereunder or under any other Loan Document shall be made free and clear of and without deduction or withholding
for any Indemnified Taxes or Other Taxes; provided that if the Borrower or any other Loan Party or the Administrative Agent
shall be required to deduct or withhold any Indemnified Taxes or Other Taxes from such payments, then (i) the sum payable
by the Borrower or such other Loan Party shall be increased as necessary so that after making all required deductions and withholdings
(including deductions and withholdings applicable to additional sums payable under this Section) the Administrative Agent, such
Issuing Bank or such Lender (as the case may be) receives an amount equal to the sum it would have received had no such deductions
and withholdings been made, (ii) the Borrower or such other Loan Party shall make (or cause to be made) such deductions and
withholdings and (iii) the Borrower or such other Loan Party shall pay (or cause to be paid) the full amount deducted or withheld
to the relevant Governmental Authority in accordance with applicable law. In addition, the Borrower or any other Loan Party hereunder
shall pay (or cause to be paid) any Other Taxes imposed other than by deduction or withholding to the relevant Governmental Authority
in accordance with applicable law.

 

(b)               
The Borrower shall indemnify the Administrative Agent, each Issuing Bank and each Lender, within 10 days after written demand
therefor, for the full amount of any Indemnified Taxes or Other Taxes paid by the Administrative Agent, such Issuing Bank or such
Lender, as the case may be, or any of their respective Affiliates, on or with respect to any payment by or on account of any obligation
of the Borrower or any Loan Party hereunder or under any other Loan Document (including Indemnified Taxes or Other Taxes imposed
or asserted on or attributable to amounts payable under this Section) and any penalties, interest and reasonable expenses arising
therefrom or with respect thereto whether or not such Indemnified Taxes or Other Taxes were correctly or legally imposed or asserted
by the relevant Government Authority. A certificate as to the amount of such payment or liability shall be delivered to the Borrower
by an Issuing Bank or a Lender, or by the Administrative Agent on its behalf or on behalf of an Issuing Bank or a Lender, promptly
upon such party’s determination of an indemnifiable event and such certificate shall be conclusive absent clearly demonstrable
error; provided that the failure to deliver such certificate shall not affect the
obligations of the Borrower under this Section 2.20(b) except to the extent the

 

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Borrower is actually prejudiced thereby. Payment
under this Section 2.20(b) shall be made within 15 days from the date of delivery of such certificate; provided
that the Borrower shall not be obligated to make any such payment to the Administrative Agent, the Issuing Bank or the Lender (as
the case may be) in respect of penalties, interest and other liabilities attributable to any Indemnified Taxes or Other Taxes if
and to the extent that such penalties, interest and other liabilities are attributable to the gross negligence or willful misconduct
of the Administrative Agent, such Issuing Bank or such Lender, in each case, as determined by a court of competent jurisdiction
by final and nonappealable judgment, or to the failure of the Administrative Agent, an Issuing Bank or a Lender to deliver a timely
certificate as to the amount of an indemnifiable liability.

 

(c)               
As soon as practicable after any payment of Indemnified Taxes or Other Taxes by the Borrower
or any other Loan Party to a Governmental Authority, and in any event within 60 days of such payment being due, the Borrower shall
deliver to the Administrative Agent, the relevant Lender or the relevant Issuing Bank, if applicable, 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, the relevant Lender or the relevant Issuing
Bank, if applicable.

 

(d)               
Any Foreign Lender that is entitled to an exemption from or reduction of withholding tax under the law of the jurisdiction
in which the Borrower is located, or any treaty to which such jurisdiction is a party, with respect to payments under this Agreement
shall deliver to the Borrower (with a copy to the Administrative Agent), at the reasonable written request of the Borrower, such
properly completed and executed documentation prescribed by applicable law as will permit such payments to be made without withholding
or at a reduced rate; provided that such Lender is legally entitled to complete,
execute and deliver such documentation and in such Lender’s judgment such completion, execution or delivery would not materially
prejudice the legal position of such Lender.

 

In addition, each Foreign
Lender shall (i) furnish to the Administrative Agent and the Borrower on or before it becomes a party to this Agreement, two accurate
and complete copies of executed (a) U.S. Internal Revenue Service Forms W-8BEN or W-8BEN-E, as applicable (or successor form),
(b) to the extent the Foreign Lender is not the beneficial owner, U.S. Internal Revenue Service Forms W-8IMY, accompanied by U.S.
Internal Revenue Service Form W-8ECI (or successor form), U.S. Internal Revenue Service Forms W-8BEN or W-BEN-E, as applicable
(or successor form), U.S. Internal Revenue Service Form W-9 (or successor form), and/or other certification documents from each
beneficial owner, as applicable, or (c) U.S. Internal Revenue Service Form W-8ECI (or successor form), certifying, in each case,
to such Foreign Lender’s legal entitlement to an exemption or reduction from U.S. federal withholding tax with respect to
all interest payments hereunder, and (ii) provide new (a) U.S. Internal Revenue Service Forms W-8BEN or W-8BEN-E, as applicable
(or successor form), (b) to the extent the Foreign Lender is not the beneficial owner, U.S. Internal Revenue Service Forms W-8IMY,
accompanied by U.S. Internal Revenue Service Form W-8ECI (or successor form), U.S. Internal Revenue Service Forms W-8BEN or W-BEN-E,
as applicable (or successor form), U.S. Internal Revenue Service Form W-9 (or successor form), and/or other certification documents
from each beneficial owner, as applicable, or (c) U.S. Internal Revenue Service Form W-8ECI (or successor form), in each case,
upon the expiration or obsolescence of any previously delivered form to reconfirm any complete exemption from, or any entitlement
to a reduction in, U.S. federal withholding tax with respect to any interest payment hereunder; provided that any Foreign Lender
that is not a “bank” within the meaning of Section 881(c)(3)(A) of the Tax Code and is relying on the so-called “portfolio
interest exemption” shall also furnish a “Non-Bank Certificate” in the form of Exhibit M together with
a Form W-8BEN (or W-8BEN-E or successor form). Notwithstanding any other provision of this Section 2.20(d), a

 

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Foreign Lender shall
not be required to deliver any form pursuant to this Section 2.20(d) that such Foreign Lender is not legally able to deliver.

 

(e)               
Any Lender that is a United States person, as defined in Section 7701(a)(30) of the Tax Code shall deliver to the Borrower
(with a copy to the Administrative Agent) two accurate and complete original signed copies of Internal Revenue Service Form W-9,
or any successor form that such person is entitled to provide at such time in order to comply with United States back-up withholding
requirements.

 

(f)                
If a payment made to a Lender hereunder may be subject to U.S. federal withholding tax under FATCA, such Lender shall deliver
to the Borrower and the Administrative Agent, at the time or times prescribed by law and at such time or times reasonably requested
by the Borrower or the Administrative Agent, such documentation prescribed by applicable law and such additional documentation
reasonably requested by the Borrower or the Administrative Agent to comply with its withholding obligations, to determine that
such Lender has complied with such Lender’s obligations or to determine the amount to deduct and withhold from such payment.
Solely for purposes of this paragraph (f), “FATCA” shall include any amendments made to FATCA after the date of this
Agreement.

 

(g)               
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 2.20 (including by the payment of additional amounts pursuant to this Section
2.20), 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 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 (g) (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 (g), in no event will the indemnified party be required to pay any amount to an indemnifying
party pursuant to this paragraph (g) 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)               
Without prejudice to the survival of any other agreement of the Borrower hereunder, the agreements and obligations of the
Borrower contained in this Section 2.20 shall survive the payment in full of all amounts due hereunder.

 

(i)                
For purposes of determining withholding Taxes imposed under FATCA, from and after the Closing Date,
the Borrower and the Administrative Agent shall treat (and the Lenders hereby authorize the Administrative Agent to treat) this
Agreement as not qualifying as a “grandfathered obligation” within the meaning of Treasury Regulation Section 1.1471-2(b)(2)(i).

 

Section
2.21.             Assignment
of Commitments Under Certain Circumstances; Duty to Mitigate.
(a)  In the event (i) any Lender or any Issuing Bank delivers a certificate requesting compensation pursuant
to Section 2.14, (ii) any Lender or any Issuing Bank delivers a notice described in Section 2.15, (iii) the
Borrower is required to pay any additional amount to any Lender

 

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or any Issuing Bank or any Governmental Authority on account of
any Lender or any Issuing Bank pursuant to Section 2.20 or (iv) any Lender is a Defaulting Lender, the Borrower may, at its
sole expense and effort (including with respect to the processing and recordation fee referred to in Section 9.04(b)), upon
notice to such Lender or such Issuing Bank and the Administrative Agent, require such Lender or such Issuing Bank to transfer and
assign, without recourse (in accordance with and subject to the restrictions contained in Section 9.04), all of its interests,
rights and obligations under this Agreement to an assignee that shall assume such assigned obligations (which assignee may be another
Lender, if a Lender accepts such assignment); provided that (A) such assignment shall not conflict with any law, rule or
regulation or order of any court or other Governmental Authority having jurisdiction, (B) the Borrower shall have received
the prior written consent of the Administrative Agent (and, if a Revolving Commitment is being assigned, of the Issuing Banks and
the Swingline Lender), which consent shall not unreasonably be withheld or delayed, and (C) the Borrower or such assignee shall
have paid to the affected Lender or Issuing Bank in immediately available funds an amount equal to the sum of the principal of
and interest accrued to the date of such payment on the outstanding Loans or L/C Disbursements of such Lender or the Issuing Bank,
respectively, plus all Fees and other amounts accrued for the account of such Lender or such Issuing Bank hereunder (including
any amounts under Section 2.14 and Section 2.16); provided, further, that, if prior to any such transfer
and assignment the circumstances or event that resulted in such Lender’s or the Issuing Bank’s claim for compensation
under Section 2.14 or notice under Section 2.15 or the amounts paid pursuant to Section 2.20, as the case may be,
cease to cause such Lender or such Issuing Bank to suffer increased costs or reductions in amounts received or receivable or reduction
in return on capital, or cease to have the consequences specified in Section 2.15, or cease to result in amounts being payable
under Section 2.20, as the case may be (including as a result of any action taken by such Lender or such Issuing Bank pursuant
to paragraph (b) below), or if such Lender or such Issuing Bank shall waive its right to claim further compensation under
Section 2.14 in respect of such circumstances or event or shall withdraw its notice under Section 2.15 or shall waive
its right to further payments under Section 2.20 in respect of such circumstances or event, as the case may be, then such
Lender or such Issuing Bank shall not thereafter be required to make any such transfer and assignment hereunder. Each of each Lender
and each Issuing Bank agrees that, if the Borrower exercises its option under this Section 2.21(a), such Lender or such Issuing
Bank, as applicable, shall, promptly after receipt of written notice of such election, execute and deliver all documentation necessary
to effectuate such assignment in accordance with Section 9.04 (including an Assignment and Assumption duly executed by such
Lender or such Issuing Bank, as applicable, with respect to such assignment). In the event that a Lender or an Issuing Bank, as
applicable, does not comply with the requirements of the immediately preceding sentence within one Business Day after receipt of
such notice, the Borrower shall be entitled (but not obligated), and such Lender or such Issuing Bank, as applicable, authorizes,
directs and grants an irrevocable power of attorney (which power is coupled with an interest) to the Borrower, to execute and deliver,
on behalf of such Lender or such Issuing Bank, as applicable, as assignor, all documentation necessary to effectuate such assignment
in accordance with Sections 2.21 and 9.04 (including an Assignment and Assumption) in the circumstances contemplated by this
Section 2.21(a) and any documentation so executed and delivered by the Borrower shall be effective for all purposes of documenting
an assignment pursuant to and in accordance with Section 9.04.

 

(b)               
If (i) any Lender or any Issuing Bank shall request compensation under Section 2.14, (ii) any Lender or any
Issuing Bank delivers a notice described in Section 2.15 or (iii) the Borrower is required to pay any additional amount
to any Lender or any Issuing Bank or any Governmental Authority on account of any Lender or the Issuing Bank, pursuant to Section 2.20,
then such Lender or such Issuing Bank shall use reasonable efforts (which shall not require such Lender or such Issuing Bank to
incur an unreimbursed loss or unreimbursed cost or expense or otherwise take any action inconsistent with its internal policies
or legal or regulatory

 

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restrictions or suffer any disadvantage or burden reasonably deemed by it to be significant) (A) to file
any certificate or document reasonably requested in writing by the Borrower or (B) to assign its rights and delegate and transfer
its obligations hereunder to another of its offices, branches or affiliates, if such filing or assignment would reduce or eliminate
its claims for compensation under Section 2.14 or enable it to withdraw its notice pursuant
to Section 2.15 or would reduce or eliminate amounts payable pursuant to Section 2.20, as the case may be, in the future.
The Borrower hereby agrees to pay all reasonable costs and expenses incurred by any Lender or any Issuing Bank in connection with
any such filing or assignment, delegation and transfer.

 

Section
2.22.             Swingline
Loans. (a)  Swingline
Commitment. Subject to the terms and conditions hereof and relying upon the representations and warranties set forth herein,
the Swingline Lender agrees to make loans in dollars or Canadian Dollars to the Borrower, at any time and from time to time after
the Closing Date, and until the earlier of the latest Revolving Maturity Date at such time and the termination of the Revolving
Commitments in accordance with the terms hereof (provided that the agreement of the Swingline Lender to make Swingline Loans
shall not extend beyond the Tranche A Revolving Maturity Date (as defined on the Fifth Amendment Effective Date) without the prior
written consent of the Swingline Lender), in an aggregate principal amount at any time outstanding that will not result in (i) the
Dollar Equivalent of the aggregate principal amount of all Swingline Loans (x) denominated in dollars exceeding $100,000,000 in
the aggregate and (y) denominated in Canadian Dollars exceeding $10,000,000 in the aggregate, (ii) the Swingline Loans exceeding
the amount of available Revolving Commitments whose applicable Revolving Maturity Date is no more than 15 days after such Swingline
Loan is (or is to be) made or (iii) the Aggregate Revolving Exposure, after giving effect to any Swingline Loan, exceeding the
Total Revolving Commitment. Each Swingline Loan shall be denominated in dollars or Canadian Dollars and shall be in a principal
amount that is an integral multiple of the Dollar Equivalent of $500,000. The Swingline Commitment may be terminated or reduced
from time to time as provided herein. Within the foregoing limits, the Borrower may borrow, pay or prepay, without premium or penalty,
and reborrow Swingline Loans hereunder, subject to the terms, conditions and limitations set forth herein.

 

(b)               
Swingline Loans. The Borrower shall notify the Administrative Agent by electronic
communication, or by telephone (confirmed by electronic communication), not later than 10:00 a.m., New York City time, on
the day of a proposed Swingline Loan to be made to it. Such notice shall be delivered on a Business Day, shall be irrevocable and
shall refer to this Agreement and shall specify the requested date (which shall be a Business Day) and amount and currency of such
Swingline Loan. The Administrative Agent will promptly advise the Swingline Lender of any notice received from the Borrower pursuant
to this Section 2.22(b). The Swingline Lender shall make each Swingline Loan available to the Borrower by means of a credit to
the general deposit account of the Borrower with the Swingline Lender by no later than 3:00 p.m. on the date such Swingline Loan
is so requested.

 

(c)               
Prepayment. The Borrower shall have the right at any time and from time to time to prepay any Swingline Loan, in
whole or in part, upon giving written or fax notice (or telephone notice promptly confirmed by written or fax notice) to the Swingline
Lender and to the Administrative Agent before 12:00 (noon), New York City time, on the date of prepayment at the Swingline
Lender’s address for notices specified in Section 9.01. All principal payments of Swingline Loans shall be accompanied by
accrued interest on the principal amount being repaid to the date of payment.

 

(d)               
Interest. Each Swingline Loan (x) denominated in dollars shall be an ABR Loan and, subject to the provisions of Section
2.07, shall bear interest as provided in Section 2.06(a) and

 

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(y) denominated in Canadian Dollars shall be a Canadian Base Rate
Loan and, subject to the provisions of Section 2.07, shall bear interest as provided in Section 2.06(a).

 

(e)               
Participations. The Swingline Lender may by written notice given to the Administrative
Agent not later than 10:00 a.m., New York City time on any Business Day require the Revolving Lenders to acquire participations
in all or a portion of the Swingline Loans outstanding (x) in the case of Swingline Loans denominated in dollars, on such Business
Day or (y) in the case of Swingline Loans denominated in Canadian Dollars, on the following Business Day. Such notice shall specify
the aggregate amount and currency of Swingline Loans in which Revolving Lenders will participate. The Administrative Agent will,
promptly upon receipt of such notice, give notice to each Revolving Lender, specifying in such notice such Lender’s Pro Rata
Percentage of such Swingline Loan or Loans. In furtherance of the foregoing, each Revolving Lender hereby absolutely and unconditionally
agrees, upon receipt of notice as provided above, to pay to the Administrative Agent, for the account of the Swingline Lender,
such Revolving Lender’s Pro Rata Percentage of such Swingline Loan or Loans. Each Revolving Lender acknowledges and agrees
that its obligation to acquire participations in Swingline Loans pursuant to this Section 2.22(e) is absolute and unconditional
and shall not be affected by any circumstance whatsoever, including the occurrence and continuance of a Default or an Event of
Default, and that each such payment shall be made without any offset, abatement, withholding or reduction whatsoever. Each Revolving
Lender shall comply with its obligation under this Section 2.22(e) by wire transfer of immediately available funds, in the same
manner as provided in Section 2.02(c) with respect to Loans made by such Lender (and Section 2.02(c) shall apply, mutatis
mutandis, to the payment obligations of the Lenders under this Section) and the Administrative Agent shall promptly pay to
the Swingline Lender the amounts so received by it from the Lenders. The Administrative Agent shall notify the Borrower of any
participations in any Swingline Loan acquired pursuant to this Section 2.22(e) and thereafter payments in respect of such Swingline
Loan shall be made to the Administrative Agent and not to the Swingline Lender. Any amounts received by the Swingline Lender from
the Borrower (or other party on behalf of the Borrower) in respect of a Swingline Loan after receipt by the Swingline Lender of
the proceeds of a sale of participations therein shall be promptly remitted to the Administrative Agent; any such amounts received
by the Administrative Agent shall be promptly remitted by the Administrative Agent to the Lenders that shall have made their payments
pursuant to this Section 2.22(e) and to the Swingline Lender, as their interests may appear. The purchase of participations in
a Swingline Loan pursuant to this Section 2.22(e) shall not relieve the Borrower (or other party liable for obligations of the
Borrower) of any default in the payment thereof.

 

Section
2.23.             Letters
of Credit. (a)  General.
Subject to the terms and conditions hereof, (i) each Issuing Bank agrees to issue, upon the Borrower’s request, a Letter
of Credit denominated in dollars or an Alternative Currency in such form as may be reasonably approved from time to time by the
Issuing Bank at any time and from time to time while the Revolving Commitments remain in effect for the Borrower’s account
or for the account of any of the Subsidiaries (other than the Funded L/C SPV) or any Minority Investment, provided that
(A) the agreement of the Issuing Bank to issue Letters of Credit shall not extend beyond the Tranche A Revolving Maturity
Date (as defined on the Fifth Amendment Effective Date), without the prior written consent of the
Issuing Bank, (B) if such Letter of Credit is being issued for the account of a Subsidiary (other than the Funded L/C SPV), the
Borrower and such Subsidiary (other than the Funded L/C SPV), as the case may be, shall be co-applicants with respect to
such Letter of Credit, (C) if such Letter of Credit is being issued for the account of a Subsidiary (other than the Funded L/C
SPV) or any Minority Investment, the Issuing Bank shall have received at least three Business Days (or such shorter period of time
acceptable to the Issuing Bank) prior to the proposed date of issuance of such Letter of Credit all documentation and other information
reasonably requested by it with respect to such Subsidiary or Minority Investment that is required by bank regulatory

 

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authorities
under applicable “know your customer” and anti-money laundering rules and regulations, including the PATRIOT Act, (D)
no Issuing Bank will be required to provide documentary, trade or commercial letters of credit or
bankers’ acceptances of a similar nature without its prior written consent (in such Issuing Bank’s sole discretion)
and (E) the Dollar Equivalent of the maximum amount of Letters of Credit at any time issued and outstanding of any Issuing Bank
shall not exceed the amount set forth on Schedule 2.23(b) (as such schedule may be updated from time to time with the consent of
the applicable Issuing Banks) without the prior written consent of the Borrower and the applicable Issuing Bank (it being understood
and agreed that no other consent (including pursuant to Section 9.08 of this Agreement) will be required to increase or decrease
such amount and only the consent of the Borrower and the applicable Issuing Bank will be required to establish, increase or decrease
the maximum amount of Letters of Credit with respect to such Issuing Bank), and no Issuing Bank shall have any obligation to issue,
amend, renew, increase or extend any Letter of Credit issued or to be issued by it if such issuance, amendment, renewal, increase
or extension shall (after giving effect thereto) cause the Dollar Equivalent of the maximum amount of Letters of Credit issued
or to be issued by it to exceed the applicable foregoing maximum amount with respect to such Issuing Bank and (ii) each letter
of credit issued by an Issuing Bank and set forth on Schedule 2.23(a) (each an “Existing Letter of Credit”)
shall be deemed to be a Letter of Credit under this Agreement and shall constitute a “Letter of Credit” for all purposes
under this Agreement. This Section shall not be construed to impose an obligation upon any Issuing Bank to issue any Letter of
Credit that is inconsistent with the terms and conditions of this Agreement.

 

Notwithstanding the foregoing,
no Issuing Bank is under any obligation to issue any Letter of Credit if at the time of such issuance:

 

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

 

(ii)              
such Issuing Bank shall have received from the Borrower or the Administrative Agent prior
to the issuance of such Letter of Credit notice that the issuance of such Letter of Credit is not permitted under this Agreement.

 

(b)               
Notice of Issuance, Amendment, Renewal, Increase, Extension; Certain Conditions.
In order to request the issuance of a Letter of Credit (other than an Existing Letter of Credit) or to amend, renew, increase or
extend an existing Letter of Credit, the Borrower shall hand deliver or fax or electronic communication (including through the
Internet or other electronic platform) to the Issuing Bank and the Administrative Agent (no less than three Business Days (or such
shorter period of time acceptable to the Issuing Bank)) in advance of the requested date of issuance, amendment, renewal, increase
or extension) a notice requesting the issuance of a Letter of Credit, or identifying the Letter of Credit to be amended, renewed,
increased or extended, the date of issuance, amendment, renewal, increase or extension, the date on which such Letter of Credit
is to expire (which shall comply with paragraph (c) below), the amount and currency of such

 

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Letter of Credit, the name and
address of the beneficiary thereof and such other information as shall be reasonably necessary to prepare such Letter of Credit.
If requested by the Issuing Bank, the Borrower shall also submit a letter of credit application on the Issuing Bank’s standard
form in connection with any request for a Letter of Credit. The Issuing Bank shall promptly (i) notify the Administrative Agent
in writing of the amount and expiry date of each Letter of Credit issued by it and (ii) provide a copy of such Letter of Credit
(and any amendments, renewals, increases or extensions thereof) to the Administrative Agent. A Letter of Credit shall be issued,
amended, renewed, increased or extended only if, and upon issuance, amendment, renewal, increase or extension of each such Letter
of Credit the Borrower shall be deemed to represent and warrant that, after giving effect to such issuance, amendment, renewal,
increase or extension, the Aggregate Revolving Exposure shall not exceed the Total Revolving Commitment and that the other conditions
expressly set forth herein are satisfied in respect thereto.

 

(c)               
Expiration Date. Each Letter of Credit shall expire at the close of business on the earlier of (i) the date
one year after the date of the issuance of such Letter of Credit and (ii) the date that is five Business Days prior to the latest
applicable Revolving Maturity Date with respect to which the aggregate amount of Revolving Commitments maturing on or after such
Revolving Maturity Date shall equal or exceed the Revolving L/C Exposure related to such Letter of Credit and all other Letters
of Credit expiring on or after the date thereof, unless such Letter of Credit expires by its terms on an earlier date; provided,
however, that a Letter of Credit may, upon the request of the Borrower, include a provision whereby such Letter of Credit
shall be renewed automatically for additional consecutive periods of 12 months or less (but not beyond the date that is five Business
Days prior to the applicable Revolving Maturity Date described above) unless the Issuing Bank notifies the beneficiary thereof
at least 30 days (or within such longer period as specified in such Letter of Credit) prior to the then-applicable expiration date
that such Letter of Credit will not be renewed.

 

(d)               
Participations. 

 

(i)                
By the issuance of a Letter of Credit and without any further action on the part of the Issuing Bank or the Lenders, the
Issuing Bank hereby grants to each Revolving Lender, and each such Lender hereby acquires from the Issuing Bank, a participation
in such Letter of Credit equal to such Lender’s Pro Rata Percentage of the Dollar Equivalent of the aggregate amount available
to be drawn under such Letter of Credit, effective upon the issuance of such Letter of Credit. In consideration and in furtherance
of the foregoing, each Revolving Lender hereby absolutely and unconditionally agrees to pay to the Administrative Agent, for the
account of the Issuing Bank, such Lender’s Pro Rata Percentage of the Dollar Equivalent of each L/C Disbursement made by
the Issuing Bank and not reimbursed by the Borrower (or, if applicable, another party pursuant to its obligations under any other
Loan Document) forthwith on the date due as provided in Section 2.02(f). Each Revolving Lender acknowledges and agrees that
its obligation to acquire participations pursuant to this Section 2.23(d) in respect of Letters of Credit is absolute and unconditional
and shall not be affected by any circumstance whatsoever, including the occurrence and continuance of a Default or an Event of
Default, and that each such payment shall be made without any offset, abatement, withholding or reduction whatsoever.

 

(ii)              
On the Fourth Amendment Effective Date, the participations in any issued and outstanding Letters of Credit shall be reallocated
so that after giving effect thereto, the Revolving Lenders shall share ratably in such participations in accordance with the aggregate
Revolving Commitments. Thereafter, participations in any newly issued Letters of Credit shall be allocated in accordance with the
aggregate Revolving Commitments. On

 

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the Dragon Acquisition Closing Date, the participations in any issued and outstanding Letters
of Credit shall be reallocated so that after giving effect thereto, the Revolving Lenders shall share ratably in such participations
in accordance with the aggregate Revolving Commitments (including, for the avoidance of doubt, the Fifth Amendment Tranche A Revolving
Commitments and the Tranche B Revolving Commitments). Thereafter and until the Tranche B Revolving Maturity Date, participations
in any newly issued Letters of Credit shall be allocated in accordance with the aggregate Revolving Commitments.

 

(iii)            
On the Tranche B Revolving Maturity Date, the participations in any issued and outstanding Letters of Credit shall be reallocated
so that after giving effect thereto, the Tranche A Revolving Lenders shall share ratably in such participations in accordance with
the aggregate Tranche A Revolving Commitments (including, for the avoidance of doubt, the Fifth Amendment Tranche A Revolving Commitments)
but only to the extent that such allocation would not cause the Tranche A Revolving Exposure of any Tranche A Revolving Lender
to exceed such Lender's Tranche A Revolving Commitments. Thereafter, participations in any newly issued Letters of Credit shall
be allocated in accordance with the aggregate Revolving Commitments. If the allocation or reallocation described herein cannot,
or can only partially, be effected as a result of the limitations set forth in this Section 2.23(d)(iii), the Borrower shall, within
three Business Days following notice by the Administrative Agent, cash collateralize such Tranche A Revolving Lenders’ participations
in the outstanding Letters of Credit (after giving effect to any partial reallocation pursuant to this Section 2.23(d)(iii)) in
accordance with Section 2.23(j)(ii).

 

(e)               
Reimbursement. If the Issuing Bank shall make any L/C Disbursement in respect of
a Letter of Credit, the Borrower shall pay or cause to be paid to the Administrative Agent an amount equal to such L/C Disbursement
in the currency of such drawing not later than two hours after the Borrower shall have received notice from the Issuing Bank that
payment of such draft will be made, or, if the Borrower shall have received such notice later than 1:00 p.m., New York City time,
on any Business Day, not later than 12:00 (noon), New York City time, on the immediately following Business Day. If the Borrower
fails to make the L/C Disbursement on the date and at the time required, then if such payment relates to a Letter of Credit denominated
in an Alternative Currency, automatically and with no further action required, the Borrower’s reimbursement obligation shall
be permanently converted into an obligation to reimburse the Dollar Equivalent, calculated using the applicable Exchange Rate on
the date when such payment was due, of such L/C Disbursement.

 

(f)                
Obligations Absolute. The Borrower’s obligations to reimburse L/C Disbursements as provided in Section 2.23(e)
above shall be absolute, unconditional and irrevocable, and shall be performed strictly in accordance with the terms of this Agreement,
under any and all circumstances whatsoever, and irrespective of:

 

(i)                
any lack of validity or enforceability of any Letter of Credit or any Loan Document, or any term or provision therein;

 

(ii)              
any amendment or waiver of, or any consent to departure from, all or any of the provisions of any Letter of Credit or any
Loan Document;

 

(iii)            
the existence of any claim, setoff, defense or other right that the Borrower, any other party guaranteeing, or otherwise
obligated with, the Borrower, any subsidiary or other Affiliate thereof or any other Person may at any time have against the beneficiary

 

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under any Letter of Credit, the Issuing Bank, the Administrative Agent or any Lender or any other Person, whether in connection
with this Agreement, any other Loan Document or any other related or unrelated agreement or transaction;

 

(iv)             
any draft or other document presented under a Letter of Credit proving to be forged, fraudulent, invalid or insufficient
in any respect or any statement therein being untrue or inaccurate in any respect;

 

(v)               
payment by the Issuing Bank under a Letter of Credit against presentation of a draft or other document that does not comply
with the terms of such Letter of Credit; and

 

(vi)             
any other act or omission to act or delay of any kind of the Issuing Bank, any Lender, the Administrative Agent or any other
Person or any other event or circumstance whatsoever, whether or not similar to any of the foregoing, that might, but for the provisions
of this Section, constitute a legal or equitable discharge of the Borrower’s obligations hereunder.

 

Without limiting the
generality of the foregoing, it is expressly understood and agreed that the absolute and unconditional obligation of the Borrower
hereunder to reimburse L/C Disbursements will not be excused by the gross negligence or willful misconduct of the Issuing Bank.
However, the foregoing shall not be construed to excuse the Issuing Bank from liability to the Borrower to the extent of any direct
damages (as opposed to consequential damages, claims in respect of which are hereby waived by the Borrower to the extent permitted
by applicable law) suffered by the Borrower that are caused by the Issuing Bank’s gross negligence or willful misconduct,
as determined by a court of competent jurisdiction by final and nonappealable judgment, in determining whether drafts and other
documents presented under a Letter of Credit comply with the terms thereof; it is understood that the Issuing Bank may accept documents
that appear on their face to be in order, without responsibility for further investigation, regardless of any notice or information
to the contrary and, in making any payment under any Letter of Credit (A) the Issuing Bank’s exclusive reliance on the
documents presented to it under such Letter of Credit as to any and all matters set forth therein, including reliance on the amount
of any draft presented under such Letter of Credit, whether or not the amount due to the beneficiary thereunder equals the amount
of such draft and whether or not any document presented pursuant to such Letter of Credit proves to be insufficient in any respect,
if such document on its face appears to be in order, and whether or not any other statement or any other document presented pursuant
to such Letter of Credit proves to be forged or invalid or any statement therein proves to be inaccurate or untrue in any respect
whatsoever and (B) any noncompliance in any immaterial respect of the documents presented under such Letter of Credit with
the terms thereof shall, in each case, be deemed not to constitute willful misconduct or gross negligence of the Issuing Bank.

 

(g)               
Disbursement Procedures. The Issuing Bank shall, promptly following its receipt thereof, examine all documents purporting
to represent a demand for payment under a Letter of Credit. The Issuing Bank shall as promptly as possible give telephonic notification,
confirmed in writing (including by electronic communication), to the Administrative Agent and the Borrower of such demand for payment
and whether the Issuing Bank has made or will make an L/C Disbursement thereunder; provided
that any failure to give or delay in giving such notice shall not relieve the Borrower of its obligation to reimburse the Issuing
Bank and the applicable Revolving Lenders with respect to any such L/C Disbursement. The Administrative Agent shall promptly give
each Revolving Lender notice thereof.

 

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(h)               
Interim Interest. If the Issuing Bank shall make any L/C Disbursement in respect
of a Letter of Credit, then, unless the Borrower shall reimburse such L/C Disbursement in full on the date required by Section
2.23(e), the unpaid amount thereof shall bear interest for the account of the Issuing Bank, for each day from and including the
date of such L/C Disbursement to but excluding the earlier of the date of payment by the Borrower or the date on which interest
shall commence to accrue thereon as provided in Section 2.02(f), at the rate per annum that would apply to such amount if
such amount were an ABR Revolving Loan.

 

(i)                
Resignation or Removal of the Issuing Bank. Any Issuing Bank may resign at
any time by giving 30 days’ prior written notice to the Administrative Agent, the Lenders and the Borrower, and may be removed
at any time by the Borrower by notice to such Issuing Bank, the Administrative Agent and the Lenders. Upon the acceptance of any
appointment as an Issuing Bank hereunder by a Lender that shall agree to serve as successor Issuing Bank, such successor shall
succeed to and become vested with all the interests, rights and obligations of the retiring Issuing Bank and the retiring Issuing
Bank shall be discharged from its obligations to issue additional, extend, or increase the amount of Letters of Credit hereunder
without affecting its rights and obligations with respect to Letters of Credit previously issued by it. At the time such removal
or resignation shall become effective, the Borrower shall pay all accrued and unpaid fees pursuant to Section 2.05(c)(ii).
The acceptance of any appointment as an Issuing Bank hereunder by a successor Lender shall be evidenced by an agreement entered
into by such successor, in a form reasonably satisfactory to the Borrower and the Administrative Agent, and, from and after the
effective date of such agreement, (i) such successor Lender shall have all the rights and obligations of the previous Issuing
Bank under this Agreement and the other Loan Documents and (ii) references herein and in the other Loan Documents to the term
“Issuing Bank” shall be deemed to refer to such successor or to any previous Issuing Bank, or to such successor and
all previous Issuing Banks, as the context shall require. After the resignation or removal of the Issuing Bank hereunder, the retiring
Issuing Bank shall remain a party hereto and shall continue to have all the rights and obligations of an Issuing Bank set forth
in this Agreement and the other Loan Documents with respect to Letters of Credit issued by it prior to such resignation or removal,
but, after receipt by the Administrative Agent, the Lenders and the Borrower of notice of resignation from an Issuing Bank or after
the receipt by an Issuing Bank, the Administrative Agent and the Lenders of notice of removal from the Borrower, as applicable,
such Issuing Bank shall not be required to issue additional Letters of Credit or extend or increase the amount of Letters of Credit
then outstanding.

 

(j)                
Cash Conversion / Cash Collateralization.

 

(i)                
In the event that the Loans become immediately due and payable on any date pursuant to Article VII, all amounts (i) that
the Borrower is at the time or thereafter becomes required to reimburse or otherwise pay to the Administrative Agent in respect
of drawings made under any Letters of Credit denominated in an Alternative Currency (other than amounts in respect of which such
Borrower has deposited cash collateral pursuant to Section 2.23(j)(ii), if such cash collateral was deposited in the applicable
Alternative Currency to the extent so deposited or applied), (ii) that the Lenders are at the time or thereafter become required
to pay to the Administrative Agent and the Administrative Agent is at the time or thereafter becomes required to distribute to
the applicable Issuing Bank pursuant to Section 2.02(f) in respect of unreimbursed drawings made under any Letters of Credit and
(iii) of each Lender’s participation in any Letters of Credit denominated in an Alternative Currency under which a drawing
has been made shall, automatically and with no further action required, be converted into the Dollar Equivalent, calculated using
the applicable Exchange Rates on such date (or in the case of any drawing made after such date, on the date such drawing is made),
of such amounts. On and after such conversion, all amounts accruing and owed to the Administrative Agent, the

 

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applicable Issuing
Bank or any Lender in respect of the obligations described in this Section 2.23(j)(i) shall accrue and be payable in dollars at
the rates otherwise applicable hereunder.

 

(ii)              
If any Event of Default pursuant to clauses (b), (c), (g) or (h) of Article VII shall occur and be continuing, or the maturity
of the Loans has been accelerated and/or the Commitments have been terminated, the Borrower shall, on the Business Day it receives
notice from the Administrative Agent or the Majority Revolving Lenders thereof and of the amount to be deposited, deposit in an
account with the Administrative Agent, for the ratable benefit of the Issuing Banks and the Lenders with Revolving L/C Exposure,
an amount in cash in dollars equal to the Revolving L/C Exposure as of such date. Such deposit shall be held, upon the occurrence
of any such Event of Default, and for so long as such Event of Default is continuing, by the Administrative Agent as collateral
for the payment and performance of the obligations of the Borrower with respect to Letters of Credit under this Agreement. The
Administrative Agent shall have exclusive dominion and control, including the exclusive right of withdrawal, over such account.
Other than any interest earned on the investment of such deposits in Cash Equivalents, which investments shall be made by the Administrative
Agent in accordance with its internal policies applied to transactions of the size and nature provided for in the Loan Documents,
such deposits shall not bear interest. Interest or profits, if any, on such investments shall accumulate in such account. Upon
the occurrence and during the continuance of an Event of Default pursuant to clauses (b), (c), (g) or (h) of Article VII, or acceleration
of the maturity of the Loans, and/or termination of the Commitments, moneys in such account shall (i) automatically be applied
by the Administrative Agent to reimburse the Issuing Bank for L/C Disbursements for which it has not been reimbursed, (ii) be held
for the satisfaction of the reimbursement obligations of the Borrower for the Revolving L/C Exposure at such time and (iii) if
the maturity of the Loans has been accelerated (but subject to the consent of the Majority Revolving Lenders), be applied to satisfy
the Guaranteed Obligations hereunder. If the Borrower is required to provide an amount of cash collateral hereunder as a result
of the occurrence and during the continuance of an Event of Default pursuant to clauses (b), (c), (g) or (h) of Article VII, or
acceleration of the maturity of the Loans and/or termination of the Commitments, such amount (to the extent not applied as aforesaid)
shall be returned to the Borrower within three Business Days after all such Events of Default have been cured or waived.

 

(k)               
Additional Issuing Banks. The Borrower may, at any time and from time to time
with the consent of the Administrative Agent (which consent shall not be unreasonably withheld) and such Lender, designate one
or more additional Lenders to act as an issuing bank under the terms of the Agreement. Any Lender designated as an issuing bank
pursuant to this Section 2.23(k) shall be deemed to be an “Issuing Bank” (in addition to being a Lender) in respect
of Letters of Credit issued or to be issued by such Lender, and, with respect to such Letters of Credit, such term shall thereafter
apply to the other Issuing Bank and such Lender.

 

Section
2.24.             Incremental
Facilities. (a)  The Borrower
may, by written notice to the Administrative Agent, elect to request (i) the establishment of one or more new term loan commitments
(the “New Term Commitments”) and/or (ii) prior to the latest Revolving Maturity Date at such time, an increase
to the existing Revolving Commitments, in each case, to the extent agreed by the Persons providing the same, denominated in dollars
or an Alternative Currency (any such increase, the “New Revolving Commitments” and, together with the New Term
Commitments, the “New Commitments”), in a principal amount (A) not less than the Dollar Equivalent of $50,000,000
individually (or such lesser amount which shall be reasonably approved by the Administrative Agent or that shall constitute the
remaining available amount of New

 

 

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Commitments permitted to be established pursuant to and in accordance with this Section 2.24(a)
after giving effect to the aggregate amount of New Commitments established pursuant to this Section 2.24(a) after the Closing Date
and prior to such date), and integral multiples of the Dollar Equivalent of $5,000,000 in excess thereof, and (B) not to exceed,
for all New Commitments established pursuant to this Section 2.24(a), an aggregate amount (the “Maximum Incremental Amount”)
equal to the sum of the Dollar Equivalent of (1) $750,000,000 plus (2) an amount equal to the Consolidated Cash Flow of
the Borrower for the period of four consecutive fiscal quarters most recently ended on or prior to the date on which such New Commitments
are established multiplied by 25%; provided that the Maximum Incremental Amount shall be deemed to be not less than
the Dollar Equivalent of $1,250,000,000; provided, further, that the Maximum Incremental Amount shall be reduced
by the aggregate principal amount of any New Commitments established prior to such date and the aggregate principal amount of any
Incremental Equivalent Debt incurred prior to such date. Any such New Commitments established pursuant to this Section 2.24(a)
shall be subject to any restrictions thereon set forth in Sections 6.01 and 6.02. Each such notice shall specify the date (each,
an “Increased Amount Date”) on which the Borrower proposes that the New Commitments shall be effective, which
shall be a date not less than ten Business Days after the date on which such notice is delivered to the Administrative Agent;
provided that the Borrower shall first offer the Lenders, on a pro rata basis, the opportunity to provide all of the New
Commitments prior to offering such opportunity to any other Person that is an eligible assignee pursuant to and in accordance with
Section 9.04(b), subject to the prior written consent of the Administrative Agent and, in the case of New Revolving Commitments,
the Issuing Banks and the Swingline Lender, in each case, to the extent required pursuant to Section 9.04(b) as if such New Revolving
Lender were an assignee; provided, further, that any Lender offered or approached to provide all or a portion of
the New Commitments may elect or decline, in its sole discretion, to provide a New Commitment. Such New Commitments shall become
effective as of such Increased Amount Date; provided that (1) no Event of Default shall exist on such Increased Amount
Date immediately before or immediately after giving effect to such New Commitments, as applicable (or, subject to Section 1.05,
if the proceeds of the loans made pursuant to such New Commitments are used to finance a Limited Condition Transaction, no Event
of Default pursuant to clauses (b), (c), (g) or (h) of Article VII shall exist on such Increased Amount Date immediately before
or immediately after giving effect to such New Commitments, as applicable); (2) subject to Section 1.05, both before and after
giving effect to the making of any Series of New Term Loans or New Revolving Loans, the condition set forth in Section 4.01(d)
shall be satisfied; (3) subject to Section 1.05, the Borrower and its Subsidiaries shall be in pro forma compliance with each
of the covenants set forth in Sections 6.11 and 6.12 as of the last day of the most recently ended fiscal quarter for which financial
statements are required to be delivered pursuant to Sections 5.04(a) and 5.04(b) immediately after giving effect to such New Commitments
and any Investment to be consummated in connection therewith; (4) the New Commitments shall be effected pursuant to one or
more Joinder Agreements executed by the Borrower, the Lenders providing such New Commitments and the Administrative Agent, and
each of which shall be recorded in the Register; (5) the Borrower shall make any payments required pursuant to Section 2.16
in connection with the New Commitments, as applicable; (6) the Borrower shall deliver or cause to be delivered any customary
and appropriate legal opinions or other documents reasonably requested by the Administrative Agent in connection with any such
transaction; and (7) the requirements set forth in Section 9.17 shall have been satisfied, to the extent applicable. Any New
Term Loans made on an Increased Amount Date shall be designated as a separate series (a “Series”) of New Term
Loans for all purposes of this Agreement and the other Loan Documents.

 

(b)               
On any Increased Amount Date on which New Revolving Commitments are effected, subject to
the satisfaction of the foregoing terms and conditions, (i) each of the Lenders with Revolving Commitments shall assign to each
Lender with a New Revolving Commitment (each, a “New Revolving Lender”) and each of the New Revolving Lenders
shall purchase from

 

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each of the Lenders with Revolving Commitments, at the principal amount thereof (together with accrued interest),
such interests in the Revolving Loans outstanding on such Increased Amount Date as shall be necessary in order that, after giving
effect to all such assignments and purchases, such Revolving Loans will be held by existing Lenders with Revolving Loans and New
Revolving Lenders ratably in accordance with their Revolving Commitments after giving effect to the addition of such New Revolving
Commitments to the Revolving Commitments, (ii) each New Revolving Commitment shall be deemed for all purposes a Revolving Commitment
and each loan made thereunder (a “New Revolving Loan”) shall be deemed,
for all applicable purposes and as of the Increased Amount Date, a Revolving Loan and (iii) each New Revolving Lender shall become
a Lender as of the Increased Amount Date with respect to its New Revolving Commitment and all matters relating thereto.

 

(c)               
On any Increased Amount Date on which any New Term Commitments of any Series are effective, subject to the satisfaction
of the foregoing terms and conditions, (i) each Lender with a New Term Commitment (each, a “New
Term Lender”) of any Series shall make a loan to the Borrower (a “New
Term Loan”) in an amount equal to its New Term Commitment of such Series, and (ii) each New Term Lender of any
Series shall become a Lender hereunder with respect to its New Term Commitment of such Series and the New Term Loans of such Series
made by such Lender pursuant thereto.

 

(d)               
The Administrative Agent shall notify the Lenders promptly upon receipt of the Borrower’s
notice of each Increased Amount Date and in respect thereof (i) the Series of New Term Commitments and New Term Lenders of such
Series or the New Revolving Commitments and New Revolving Lenders, as applicable, and (ii) in the case of each notice to any Lender
with Revolving Loans, the respective interests in such Lender’s Revolving Loans subject to the assignments contemplated by
Section 2.24(b).

 

(e)               
The terms and provisions of the New Term Loans and New Term Commitments of any Series shall be, except as otherwise set
forth herein or in the Joinder Agreement, identical to the Term Loans, if any, outstanding as of the Increased Amount Date; provided,
however, that (i) the New Term Maturity Date for any Series shall be determined by the Borrower and the applicable New Term
Lenders and shall be set forth in the applicable Joinder Agreement; provided that (x) the Weighted Average Life to Maturity
of all New Term Loans of any Series shall be no shorter than the Weighted Average Life to Maturity of the Class of Term Loans having
the Latest Maturity Date of all Classes of Term Loans and (y) the applicable New Term Maturity Date of each Series shall be no
shorter than the Latest Maturity Date of all Classes of Term Loans, (ii) the rate of interest applicable to the New Term Loans
of each Series shall be determined by the Borrower and the applicable New Term Lenders and shall be set forth in the applicable
Joinder Agreement; provided that, the all-in yield (including interest rate margins, any interest rate floors, original
issue discount and upfront fees (based on a four-year average life to maturity or the remaining life to maturity), but excluding
customary arrangement, commitment, structuring, amendment, underwriting and/or similar fees paid or payable to any arranger or
any arranger’s Affiliates with respect to such New Term Loans of any Series) applicable to any New Term Loans of any Series
shall not be more than 0.50% per annum higher than the corresponding all-in yield (determined on the same basis) applicable to
the then outstanding Term Loans, unless the interest rate margin (and the interest rate floor, if applicable) with respect to the
then outstanding Term Loans is increased by an amount equal to the difference between the all-in yield with respect to the New
Term Loans of such Series and the all-in yield on the then outstanding Term Loans minus 0.50% per annum, and (iii) any New Term
Loans incurred during a Collateral Release Period shall be unsecured and may be subject to substantially the same provisions with
respect to a Collateral Reinstatement Event and subsequent Collateral Release Event as the Revolving Loans. As of the Increased
Amount Date, the terms and provisions of the New Revolving Loans and New Revolving Commitments

 

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shall be such that they shall be
identical to the extent applicable to those of the Revolving Loans and the Revolving Commitments as in effect on the Increased
Amount Date with respect to such New Revolving Loans and New Revolving Commitments.

 

(f)                
Each Joinder Agreement may, without the consent of any other Lenders, effect such amendments
to this Agreement and the other Loan Documents as may be necessary or appropriate, in the opinion of the Administrative Agent and
the Borrower, to effect the provisions of this Section 2.24. 

 

Section
2.25.             Incremental
Refinancing Facilities. (a)  The
Borrower may by written notice to the Administrative Agent elect to request the establishment of one or more new tranches of (i)
Term Commitments and/or New Term Commitments (the “Refinancing Term Commitments”), in an aggregate amount not
less than the Dollar Equivalent of $50,000,000 individually (or such lesser amount which shall be reasonably approved by the Administrative
Agent), and integral multiples of the Dollar Equivalent of $5,000,000 in excess thereof, the proceeds of which shall be used solely
to prepay the Term Loans and/or New Term Loans then outstanding pursuant to and in accordance with Section 2.12 and (ii) Revolving
Commitments and/or New Revolving Commitments (the “Refinancing Revolving Commitments” and, together with the
Refinancing Term Commitments, the “Refinancing Commitments”), in an aggregate amount not less than the Dollar
Equivalent of $50,000,000 individually (or such lesser amount which shall be reasonably approved by the Administrative Agent),
and integral multiples of the Dollar Equivalent of $5,000,000 in excess thereof, the proceeds of which shall be used solely to
permanently replace Revolving Commitments and/or New Revolving Commitments then existing. Each such notice shall specify the date
(each, a “Refinancing Amount Date”) on which the Borrower proposes that the Refinancing Commitments shall be
effective, which shall be a date not less than ten Business Days after the date on which such notice is delivered to the Administrative
Agent. Such Refinancing Commitments shall become effective as of such Refinancing Amount Date; provided that (A) no
Event of Default shall exist on such Refinancing Amount Date immediately before or immediately after giving effect to such Refinancing
Commitments, as applicable; (B) both before and after giving effect to the making of any Refinancing Term Loans or Refinancing
Revolving Loans, each of the conditions set forth in Section 4.01 shall be satisfied in respect of any such Refinancing Term Loans
or Refinancing Revolving Loans; (C)  the Borrower and its Subsidiaries shall be in pro forma compliance with each of the covenants
set forth in Sections 6.11 and 6.12 as of the last day of the most recently ended fiscal quarter for which financial statements
are required to be delivered on pursuant to Sections 5.04(a) and 5.04(b) immediately after giving effect to such Refinancing Commitments;
(D) the Refinancing Commitments shall be provided by one or more Lenders and/or any other Person that is an eligible assignee
pursuant to and in accordance with Section 9.04(b); provided, that any Lender offered or approached to provide all or a
portion of the Refinancing Commitments may elect or decline, in its sole discretion, to provide a Refinancing Commitment; (E) the
Refinancing Commitments shall be effected pursuant to one or more Joinder Agreements executed by the Borrower, the Lenders and/or
Persons that are eligible assignees pursuant to and in accordance with Section 9.04(b), in each case, providing such Refinancing
Commitments and the Administrative Agent, and each of which shall be recorded in the Register; (F) the Borrower shall make
any payments required pursuant to Section 2.16 (which payment may be financed with proceeds of the Refinancing Term Loans or Refinancing
Revolving Loans) and shall pay all fees and expenses due and payable to the Agents and the Lenders in connection with the Refinancing
Commitments, as applicable; (G) the Borrower shall deliver or cause to be delivered any customary and appropriate legal opinions
or other documents reasonably requested by the Administrative Agent in connection with any such transaction; and (H) the requirements
set forth in Section 9.17 shall have been satisfied, to the extent applicable. Any Refinancing Term Loans made on a Refinancing
Amount Date shall be designated as a separate

 

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series (a “Refinancing Series”) of Refinancing Term Loans for
all purposes under this Agreement and the other Loan Documents.

 

(b)               
To the extent applicable as of the Refinancing Amount Date, the terms and provisions of
any Refinancing Term Loans shall be such that, except as otherwise set forth herein or in the
Joinder Agreement, they shall be identical to the extent applicable as of the Refinancing Amount Date to those of the existing
Term Loans and/or New Term Loans, as applicable; provided,
however, that (i)(A) the Weighted Average Life to Maturity of all Refinancing
Term Loans of any Refinancing Series shall be no shorter than the Weighted Average Life to Maturity of the applicable Class of
Term Loans and/or New Term Loans, as applicable, being refinanced and (B) the applicable Refinancing Term Maturity Date
of each Refinancing Series shall be no shorter than the Latest Maturity Date of all Classes of
Term Loans and/or New Term Loans, as applicable, being refinanced,(ii) the rate of interest applicable to the Refinancing
Term Loans of each Refinancing Series shall be determined by the Borrower and the applicable new Lenders and shall be set forth
in each applicable Joinder Agreement and (iii) any Refinancing Term Loans incurred during a Collateral Release Period shall be
unsecured and may be subject to substantially the same provisions with respect to a Collateral Reinstatement Event and subsequent
Collateral Release Event as the Revolving Loans.

 

(c)               
On any Refinancing Amount Date on which any Refinancing Term Commitments of any Refinancing
Series are effective, subject to the satisfaction of the foregoing terms and conditions, (i) each Lender with a Refinancing
Term Commitment (each, a “Refinancing Term Lender”) of any Refinancing Series shall make a Loan to the Borrower
(a “Refinancing Term Loan”) in an amount equal to its Refinancing Term Commitment of such Refinancing
Series and (ii) each Refinancing Term Lender of any Refinancing Series shall become a Lender hereunder with respect to the
Refinancing Term Commitment of such Refinancing Series and the Refinancing Term Loans of such Refinancing Series made pursuant
thereto.

 

(d)               
To the extent applicable as of the Refinancing Amount Date, the terms and provisions of
any Refinancing Revolving Loans and Refinancing Revolving Commitments shall be such that, except as otherwise set forth herein
or in the Joinder Agreement, they shall be identical to the extent applicable as of the Refinancing Amount Date to those of the
Revolving Loans and the Revolving Commitments and/or the New Revolving Loans and the New Revolving Commitments, in each case, as
in effect on the Refinancing Amount Date with respect to such Refinancing Revolving Loans and Refinancing Revolving Commitments;
provided, however, that (i) the applicable maturity date of such Refinancing Revolving Loans shall be no shorter
than the final maturity of the Revolving Commitments and/or New Revolving Commitments being refinanced (it being understood and
agreed that the agreement of an Issuing Bank to issue Letters of Credit shall not extend beyond the date specified in clause (ii)
of the definition of “Revolving Maturity Date” without the prior written consent of such Issuing Bank), (ii) the rate
of interest applicable to such Refinancing Revolving Loans shall be determined by the Borrower and the applicable new Lenders and
shall be set forth in each applicable Joinder Agreement and (iii) any Refinancing Revolving Loans incurred during a Collateral
Release Period shall be unsecured and may be subject to substantially the same provisions with respect to a Collateral Reinstatement
Event and subsequent Collateral Release Event as the Revolving Loans.

 

(e)               
On any Refinancing Amount Date on which any Refinancing Revolving Commitments are effective, subject to the satisfaction
of the foregoing terms and conditions, (i) each Lender with a Refinancing Revolving Commitment (each, a “Refinancing
Revolving Lender”) shall commit to make Revolving Loans to the Borrower (“Refinancing
Revolving Loans”) in an amount equal to its Refinancing Revolving Commitment and (ii) each Refinancing Revolving
Lender shall become a Lender hereunder with respect to the Refinancing Revolving Commitment.

 

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(f)                
Each Joinder Agreement may, without the consent of any other Lenders, effect such amendments
to this Agreement and the other Loan Documents as may be necessary or appropriate, in the opinion of the Administrative Agent and
the Borrower, to effect the provisions of this Section 2.25.

 

Section
2.26.             Defaulting
Lenders. Notwithstanding any provision of
this Agreement to the contrary, if any Revolving Lender becomes, and during the period it remains, a Defaulting Lender:

 

(a)               
if any Swingline Exposure or Revolving L/C Exposure exists at the time such Revolving Lender becomes a Defaulting Lender
then so long as such Swingline Exposure or Revolving L/C Exposure exists, all or any part of the Swingline Exposure and Revolving
L/C Exposure of such Defaulting Lender shall automatically, for so long as such Swingline Exposure and Revolving L/C Exposure is
outstanding, be reallocated among the non-Defaulting Revolving Lenders in accordance with their respective Pro Rata Percentages
but only to the extent the sum of all non-Defaulting Revolving Lenders’ Revolving Exposures plus such Defaulting Lender’s
Swingline Exposure and Revolving L/C Exposure does not exceed the total of all non-Defaulting Revolving Lenders’ Revolving
Commitments (provided that the Fifth Amendment Tranche A Revolving Commitments and the Tranche B Revolving Commitments shall
not be included in any such determination until the Dragon Acquisition Closing Date); provided
that subject to Section 9.24, neither such reallocation nor any payment by a non-Defaulting Revolving Lender pursuant thereto will
constitute a waiver or release of any claim the Borrower, the Administrative Agent, the Issuing Bank, the Swingline Lender or any
other Lender may have against such Defaulting Lender or cause such Defaulting Lender to no longer be a Defaulting Lender;

 

(b)               
if the reallocation described in clause (a) above cannot, or can only partially, be effected,
the Borrower shall, within one Business Day following notice by the Administrative Agent, (i) first,
prepay such Swingline Loans and (ii) second, cash collateralize for the benefit of the Issuing Bank only the Borrower’s
obligations corresponding to such Defaulting Lender’s Revolving L/C Exposure (after giving effect to any partial reallocation
pursuant to clause (a) above) in accordance with the procedures set forth in Section 2.23(j) for so long as such Revolving L/C
Exposure is outstanding;

 

(c)               
in furtherance of the foregoing, each of the Issuing Bank and the Swingline Lender is hereby authorized by the Borrower
(which authorization is irrevocable and coupled with an interest) to give, in its discretion, through the Administrative Agent,
a Borrowing Request pursuant to Section 2.03 in such amounts and in such times as may be required to (i) reimburse an outstanding
L/C Disbursement, (ii) repay an outstanding Swingline Loan and/or (iii) cash collateralize the obligations of the Borrower in respect
of outstanding Letters of Credit or Swingline Loans in an amount at least equal to the aggregate amount of the obligations (contingent
or otherwise) of such Defaulting Lender in respect of such Letter of Credit or Swingline Loan;

 

(d)               
so long as such Lender is a Defaulting Lender or if any Issuing Bank or the Swingline Lender
has a good faith and reasonable belief that any Lender has defaulted in fulfilling its obligations generally under other agreements
in which it commits to extend credit, then (i) the Swingline Lender shall not be required to fund any Swingline Loan and no Issuing
Bank shall be required to issue, amend, renew, increase or extend any Letter of Credit, unless it is satisfied that the related
exposure will be 100% covered by the available Revolving Commitments of the non-Defaulting Lenders and/or
cash collateral will be provided by the Borrower in accordance with clauses (a) and (b) above, and participating interests in any
such newly made Swingline Loan or any newly issued or increased Letter of Credit shall be allocated among non-Defaulting Lenders
in a manner consistent with clause (a) (and such Defaulting Lender shall not participate therein) and

 

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(ii) the Swingline
Lender may, upon prior written notice to the Borrower and the Administrative Agent, resign as Swingline Lender, effective at 5:00
p.m., New York City time, on a date specified in such notice (which date may not be less than 30 days after the date of such notice);
provided that such resignation by the Swingline Lender will have no effect on its rights
in respect of any outstanding Swingline Loans or on the obligations of the Borrower or any Lender under this Agreement with respect
to any such outstanding Swingline Loan; and

 

(e)               
any amount paid by the Borrower or otherwise received by the Administrative Agent for the account of a Defaulting Lender
under this Agreement (whether on account of principal, interest, fees, indemnity payments or other amounts) will not be paid or
distributed to such Defaulting Lender, but will instead be retained by the Administrative Agent in a segregated account until (subject
to the last paragraph of this Section 2.26) the termination of the Commitments and payment in full of all obligations of the Borrower
hereunder and will be applied by the Administrative Agent, to the fullest extent permitted by Applicable Law, to the making of
payments from time to time in the following order of priority: first, to the payment of any amounts owing by such Defaulting
Lender to the Administrative Agent under this Agreement; second, to the payment of any amounts
owing by such Defaulting Lender to the Issuing Bank or the Swingline Lender (pro rata as to the respective
amounts owing to each of them) under this Agreement; third, to the payment of post-default interest and then current interest
due and payable to the Lenders hereunder other than Defaulting Lenders, ratably among them in accordance with the amounts of such
interest then due and payable to them; fourth, to the payment of fees then due and payable to the non-Defaulting Lenders
hereunder, ratably among them in accordance with the amounts of such fees then due and payable to them; fifth, to pay principal
and unreimbursed L/C Disbursements then due and payable to the non-Defaulting Lenders hereunder ratably in accordance with the
amounts thereof then due and payable to them; sixth, to the ratable payment of other amounts then due and payable to the
non-Defaulting Lenders; and, seventh, after the termination of the Commitments and payment in full of all obligations of
the Borrower hereunder, to pay amounts owing under this Agreement to such Defaulting Lender or as a court of competent jurisdiction
may otherwise direct.

 

In the event that the
Administrative Agent, the Borrower, the Issuing Banks and the Swingline Lender each agrees in writing that a Defaulting Lender
has adequately remedied all matters that caused such Lender to be a Defaulting Lender, then the Administrative Agent shall so notify
the parties hereto, whereupon as of the effective date specified in such notice and subject to any conditions set forth therein
(which may include arrangements with respect to any amounts then held in the segregated account referred to in Section 2.26(e)),
such Lender will, to the extent applicable, purchase at par such portion of outstanding Loans of the other Lenders and/or make
such other adjustments as the Administrative Agent may determine to be necessary to cause the Revolving Exposure, Revolving L/C
Exposure and Swingline Exposure of the Revolving Lenders to be held in accordance with their Pro Rata Percentage in accordance
with their respective Commitments, whereupon such Lender will cease to be a Defaulting Lender and will be a non-Defaulting Lender
(and such Revolving Exposure, Revolving L/C Exposure and Swingline Exposure of each Revolving Lender will automatically be adjusted
on a prospective basis to reflect the foregoing); provided that no adjustments will be made retroactively with respect to
fees accrued or payments made by or on behalf of the Borrower while such 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 non-Defaulting
Lender will constitute a waiver or release of any claim of any party hereunder arising from such Lender having been a Defaulting
Lender.

 

Subject to Section
9.24, no reallocation hereunder shall constitute a waiver or release of any claim of any party hereunder against a Defaulting Lender
arising from that Lender having

 

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become a Defaulting Lender, including any claim of a non-Defaulting Lender as a result of such
non-Defaulting Lender’s increased exposure following such reallocation.

 

ARTICLE
III.
 

Representations and Warranties

 

The Borrower represents
and warrants to the Arrangers, the Administrative Agent, the Collateral Agent, each of the Issuing Banks and each of the Lenders
that:

 

Section
3.01.             Organization;
Powers. The Borrower and each of the Subsidiaries
(a) is duly organized or formed, validly existing and in good standing under the laws of the jurisdiction of its organization
or formation, (b) has all requisite power and authority, and the legal right, to own and operate its property and assets,
to lease the property it operates as lessee and to carry on its business as now conducted and, except to the extent the failure
to do so could not reasonably be expected to result in a Material Adverse Effect, as proposed to be conducted, (c) is qualified
to do business in, and is in good standing in, every jurisdiction where such qualification is required, except where the failure
so to qualify, individually or in the aggregate, could not reasonably be expected to result in a Material Adverse Effect and (d) has
the power and authority, and the legal right, to execute, deliver and perform its obligations under this Agreement, each of the
other Loan Documents and each other agreement or instrument contemplated hereby or thereby to which it is or will be a party, including,
in the case of the Borrower, to borrow hereunder, in the case of each Loan Party, to grant the Liens contemplated to be granted
by it under the Security Documents and, in the case of each Subsidiary Guarantor, to Guarantee the Guaranteed Obligations hereunder
as contemplated by the Guarantee and Collateral Agreement.

 

Section
3.02.             Authorization;
No Conflicts. The Transactions (a) have
been duly authorized by all requisite corporate, partnership or limited liability company and, if required, stockholder, partner
or member action and (b) will not (i) violate (A) any applicable provision of any material law, statute, rule or
regulation, or of the certificate or articles of incorporation or other constitutive documents or by-laws of the Borrower or any
Subsidiary, (B) any order of any Governmental Authority or arbitrator or (C) any provision of any indenture or any material
agreement or other material instrument to which the Borrower or any Subsidiary is a party or by which any of them or any of their
property is or may be bound, (ii) be in conflict with, result in a breach of or constitute (alone or with notice or lapse
of time or both) a default under, or give rise to any right to accelerate or to require the prepayment, repurchase or redemption
of any obligation under any such indenture or material agreement or other material instrument or (iii) result in the creation
or imposition of any Lien upon or with respect to any property or assets now owned or hereafter acquired by the Borrower or any
other Loan Party (other than Liens created under the Security Documents).

 

Section
3.03.             Enforceability.
This Agreement has been duly executed and delivered by the Borrower and constitutes, and each other Loan Document when executed
and delivered by each Loan Party party thereto will constitute, a legal, valid and binding obligation of such Loan Party enforceable
against such Loan Party, in accordance with its terms, subject to applicable bankruptcy, insolvency, reorganization, moratorium,
fraudulent transfer or other laws now or hereafter in effect relating to creditors’ rights generally and (including with
respect to specific performance) subject to general principles of equity, regardless of whether considered in a proceeding in equity
or at law, and to the discretion of the court before which any proceeding therefor may be brought.

 

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Section
3.04.             Governmental Approvals.
No action, consent or approval of, registration or filing with, notice to, or any other action by, any Governmental Authority is
or will be required in connection with the Transactions, except for (a) the filing of UCC financing statements and filings with
the United States Patent and Trademark Office and the United States Copyright Office, (b) recordation of the Mortgages, (c) such
other actions specifically described in Section 3.19, (d) any immaterial actions, consents, approvals, registrations or filings
or (e) such as have been made or obtained and are in full force and effect.

 

Section
3.05.             Financial Statements.
(a)  The Borrower has, on or prior to the Closing Date, furnished to the Arrangers and the Lenders consolidated
balance sheets and related statements of income, equity and cash flows of the Borrower and its consolidated Subsidiaries (i) as
of and for the fiscal year ended December 31, 2015 audited by and accompanied by the opinion of KPMG LLP, independent public accountants,
and (ii) as of and for the fiscal quarter ended March 31, 2016, certified by a Financial Officer of the Borrower and reviewed by
KPMG LLP, independent public accountants, as provided in Statement on Auditing Standards No. 100. Such financial statements present
fairly in all material respects the financial condition and results of operations of the Borrower and its consolidated Subsidiaries,
as applicable, as of such dates and for such periods, subject to normal year-end audit adjustments and the absence of footnotes
in the case of the financial statements referred to in clause (ii) above. Such balance sheets and the notes thereto disclose all
material liabilities, direct or contingent, of the Borrower and its consolidated Subsidiaries, as applicable, as of the dates thereof.
Such financial statements were prepared in accordance with GAAP applied on a consistent basis (except, with respect to such financial
statements referred to in clause (ii) above, for normal year-end adjustments and the absence of footnotes).

 

(b)               
[Reserved].

 

Section
3.06.             No Material
Adverse Effect. Since December 31, 2015, no
event, change or condition has occurred that has had, or could reasonably be expected to have, a Material Adverse Effect.

 

Section
3.07.             Title to
Properties; Possession Under Leases. (a) 
The Borrower and the other Loan Parties have good and marketable title to, valid leasehold interests in, or a license or other
right to use, all their respective material properties and material assets that are included in the Collateral (including all Mortgaged
Property) and including valid rights, title and interests in or rights to control or occupy easements or rights of way used in
connection with such properties and assets (“Easements”), free and clear of all Liens or other exceptions to
title other than Permitted Liens and minor defects in title that, in the aggregate, are not substantial in amount and do not materially
detract from the value of the property subject thereto or interfere with its ability to conduct its business as currently conducted
or to utilize such properties and assets for their intended purposes.

 

(b)               
Except as set forth in Schedule 3.07 or where the failure to do so could not
reasonably be expected to result in a Material Adverse Effect, (i) each of the Loan Parties has complied with all material obligations
under all material leases to which it is a party and all such material leases are in full force and effect and (ii) each of the
Loan Parties enjoys peaceful and undisturbed possession under all such material leases.

 

(c)               
Except as set forth in Schedule 3.07, none of the Borrower or any of the other
Loan Parties has received any notice of, nor has any knowledge of, any pending or contemplated condemnation proceeding affecting
the Mortgaged Properties or any sale or disposition thereof in

 

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lieu of condemnation (i) as of the Closing Date or (ii) at any time
thereafter, which in the case of clause (ii) has had, or could reasonably be expected to have, a Material Adverse Effect.

 

(d)               
[Reserved].

 

Section
3.08.             Subsidiaries.
Schedule 3.08 sets forth as of the Fifth Amendment Effective Date a list of all Subsidiaries, including each Subsidiary’s
exact legal name (as reflected in such Subsidiary’s certificate or articles of incorporation or other constitutive documents)
and jurisdiction of incorporation or formation and the percentage ownership interest of the Borrower (direct or indirect) therein,
and identifies each Subsidiary that is a Loan Party. As of the Fifth Amendment Effective Date, the shares of Capital Stock or other
Equity Interests so indicated on Schedule 3.08 are owned by the Borrower, directly or indirectly, free and clear of all
Liens (other than Liens created under the Security Documents and, in the case of Equity Interests (other than Pledged Securities),
Permitted Liens, and in respect of Pledged Securities, the Permitted Liens set forth in clause (g) of the definition thereof) and
all such shares of capital stock are fully paid, and to the extent issued by a corporation, non-assessable.

 

Section
3.09.             Litigation; Compliance with Laws.
(a)  Except as set forth on Schedule 3.09, there are no actions, suits or proceedings at law or in
equity or by or before any arbitrator or Governmental Authority now pending or, to the knowledge of the Borrower, threatened against
the Borrower or any Subsidiary or any business, property or material rights of the Borrower or any Subsidiary (i) that, as
of the Closing Date, involve any Loan Document or the Transactions or, at any time thereafter, involve any Loan Document or the
Transactions and which could reasonably be expected to be material and adverse to the interests of the Borrower and its Subsidiaries,
taken as a whole, or the Lenders, or (ii) as to which there is a reasonable possibility of an adverse determination and that,
if adversely determined, could reasonably be expected, individually or in the aggregate, to result in a Material Adverse Effect.

 

(b)               
Except as set forth on Schedule 3.09, none of the Borrower or any of the Subsidiaries
or any of their respective material properties or assets is in violation of any law, rule or regulation (including any zoning,
building, ordinance, code or approval or any building permits), or is in default with respect to any judgment, writ, injunction,
decree or order of any Governmental Authority, where such violation or default, individually or in the aggregate, could reasonably
be expected to result in a Material Adverse Effect (but not including, in each case, any Environmental Law which is the subject
of Section 3.17 or any energy regulation matter which is the subject of Section 3.23).

 

(c)               
All material permits are in effect for each Mortgaged Property as currently constructed.

 

Section
3.10.             Agreements.
None of the Borrower or any of the Subsidiaries is in default under any provision of any indenture or other agreement or instrument
evidencing Indebtedness, or any other material agreement or instrument to which it is a party or by which it or any of its properties
or assets are or may be bound, where such default, individually or in the aggregate, could reasonably be expected to result in
a Material Adverse Effect.

 

Section
3.11.             Federal
Reserve Regulations. (a)  None
of the Borrower or any of the Subsidiaries is engaged principally, or as one of its material activities, in the business of extending
credit for the purpose of buying or carrying Margin Stock.

 

(b)               
No part of the proceeds of any Loan or any Letter of Credit will be used, whether directly
or indirectly, and whether immediately, incidentally or ultimately, for purchasing or

 

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carrying Margin Stock or for the purpose
of purchasing, carrying or trading in any securities under such circumstances as to involve the Borrower in a violation of Regulation
X or to involve any broker or dealer in a violation of Regulation T. No Indebtedness being reduced or retired out of the proceeds
of any Loans or Letters of Credit was or will be incurred for the purpose of purchasing or carrying any Margin Stock. Following
the application of the proceeds of the Loans and the Letters of Credit, Margin Stock will not constitute more than 25% of the value
of the assets of the Borrower and the Subsidiaries. None of the transactions contemplated by this Agreement will violate or result
in the violation of any of the provisions of the Regulations of the Board, including Regulation T, U or X. If requested
by any Lender or the Administrative Agent, the Borrower will furnish to the Administrative Agent and each Lender a statement to
the foregoing effect in conformity with the requirements of FR Form G-3 or FR Form U-1 referred to in Regulation
U.

 

Section
3.12.             Investment Company Act.
None of the Borrower or any of the Subsidiaries is an “investment company” as defined in, and subject to registration
under, the Investment Company Act of 1940, as amended from time to time.

 

Section
3.13.             Use of
Proceeds. The Borrower will use the proceeds
of (a) the Term Loans on the Closing Date, together with other funds available to it, to (i) re-evidence in full all Term Loans
(as defined in the Existing Credit Agreement) outstanding under the Existing Credit Agreement, on the terms and subject to the
conditions set forth herein, including via the assignment by certain of the Lenders under and as defined in the Existing Credit
Agreement who do not remain Lenders hereunder on the Closing Date to certain of the Lenders hereunder as of the Closing Date of
certain of the Term Loans under and as defined in the Existing Credit Agreement, which shall thereafter be continued as and be
deemed to be a portion of the Term Loans hereunder, and (ii) pay or cause to be paid fees, costs and expenses incurred in connection
with the Transactions in accordance with the terms and conditions of this Agreement, (b) the Revolving Loans, the New Revolving
Loans and the Swingline Loans to replace the Existing Revolving Facility (as defined in the Restatement Agreement), for the Borrower’s
and/or its Subsidiaries’ working capital requirements, the payment of fees and expenses in connection with this Agreement
and the transactions related thereto and other general corporate purposes (including permitted acquisitions, funding Minority Investments
and permitted joint ventures and Funded L/C SPV Contributions), (c) the New Term Loans for the purposes set forth in the applicable
Joinder Agreement with respect thereto, (d) the Refinancing Term Loans solely for the purposes set forth in Section 2.25(a) with
respect thereto and (e) the Refinancing Revolving Loans, initially, solely for the purposes set forth in Section 2.25(a) with respect
thereto and, thereafter, for the Borrower’s and/or its Subsidiaries’ working capital requirements, the payment of fees
and expenses in connection with this Agreement and the transactions related thereto and other general corporate purposes (including
permitted acquisitions, funding Minority Investments and permitted joint ventures and Funded L/C SPV Contributions). The Borrower
will request the issuance of Letters of Credit solely for the working capital requirements and general corporate purposes of the
Borrower and its Subsidiaries (other than the Funded L/C SPV) or any Minority Investment.

 

Section
3.14.             Tax Returns.
The Borrower and each of the Subsidiaries has timely filed or timely caused to be filed all material Federal, state, local and
non-U.S. tax returns or materials required to have been filed by it and all such tax returns are correct and complete in all material
respects. The Borrower and each of the Subsidiaries has timely paid or caused to be timely paid all material Taxes due and payable
by it and all assessments received by it, except Taxes that are being contested in good faith by appropriate proceedings and for
which the Borrower or such Subsidiary, as applicable, shall have set aside on its books adequate reserves in accordance with GAAP
or except where the failure to do so could not reasonably be expected to result in a Material Adverse Effect. The Borrower has
made adequate provision in accordance with GAAP for all Taxes accrued and not yet due and payable. Except as permitted in clauses
(z) and (bb) of the

 

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definition of “Permitted Liens,” no Lien for Taxes has been filed (except for Taxes not yet delinquent
that are being contested in good faith by appropriate proceedings), and to the knowledge of the Borrower and each of the Subsidiaries,
based on the receipt of written notice, no claim is being asserted, with respect to any Tax. Neither the Borrower nor any of the
Subsidiaries (a) intends to treat the Loans, the Transactions or any of the other transactions contemplated by any Loan Document
as being a “reportable transaction” (within the meaning of Treasury Regulation Section 1.6011-4) or (b) is aware of
any facts or events that would result in such treatment.

 

Section
3.15.             No Material Misstatements.
No written information, report, financial statement, exhibit or schedule furnished by or on behalf of the Borrower or any
Subsidiary to any Arranger, the Administrative Agent, the Collateral Agent, any Co-Manager, any Issuing Bank, the Swingline Lender
or any Lender for use in connection with the Transactions or the other transactions contemplated by the Loan Documents or in connection
with the negotiation of any Loan Document or included therein or delivered pursuant thereto (including any Pricing Certificate)
contained, contains or will, when furnished, contain any material misstatement of fact or omitted, omits or will, when furnished,
omit to state any material fact necessary to make the statements therein, in the light of the circumstances under which they were,
are or will be made, not misleading; provided that to the extent any such written information, report, financial statement,
exhibit or schedule is based upon or constitutes a forecast or projection (including pro forma financial statements) or is information
of a general economic or industry nature, the Borrower represents only that it acted in good faith and upon assumptions believed
to be reasonable at the time made and at the time such information, report, financial statement, exhibit or schedule is made available
to any Arranger, the Administrative Agent, the Collateral Agent, any Issuing Bank, the Swingline Lender or any Lender, it being
understood that projections are subject to significant uncertainties and contingencies, many of which are beyond the control of
the Borrower and the Subsidiaries, and that no assurance can be given that such projections will be realized.

 

Section
3.16.             Employee
Benefit Plans. Except as could not reasonably
be expected to result in a Material Adverse Effect, the Borrower and each ERISA Affiliate is in compliance with the applicable
provisions of ERISA and, in respect of the Benefit Plans and Multiemployer Plans, the Tax Code and the regulations and published
interpretations thereunder. No ERISA Event has occurred or is reasonably expected to occur that, when taken together with all other
such ERISA Events, could reasonably be expected to result in a Material Adverse Effect.

 

Section
3.17.             Environmental
Matters. (a)  Except as set
forth in Schedule 3.17 or except with respect to any matters that, individually or in the aggregate, could not reasonably
be expected to result in a Material Adverse Effect, none of the Borrower or any of the Subsidiaries:

 

(i)                
has failed to comply with any Environmental Law or to take all actions necessary to obtain, maintain, renew and comply with
any permit, license, registration or other approval required under Environmental Law;

 

(ii)              
has become a party to any administrative or judicial proceeding, or possesses knowledge of any such proceeding that has
been threatened, that could result in the termination, revocation or modification of any permit, license, registration or other
approval required under Environmental Law;

 

(iii)             
possesses knowledge that the Borrower or any of the Subsidiaries has become subject to any
Environmental Liability on any Mortgaged Property (A) is subject to any Lien imposed pursuant to Environmental Law or (B) contains
Hazardous Materials of a form or type or in a quantity or location that could reasonably be expected to result in any Environmental
Liability;

 

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(iv)             
has received written notice of any claim or threatened claim, with respect to any Environmental Liability other than those
which have been fully and finally resolved and for which no obligations remain outstanding; or

 

(v)               
possesses knowledge of any facts or circumstances that could reasonably be expected to result in any Environmental Liability
or could reasonably be expected to materially interfere with or prevent continued material compliance with Environmental Laws in
effect as of the Closing Date and the date of each Credit Event by the Borrower or the Subsidiaries.

 

(b)               
Since the Closing Date, there has been no change in the status of the matters disclosed on Schedule 3.17
that, individually or in the aggregate, has resulted in, or could reasonably be expected to result in, a Material Adverse Effect.

 

The representations
and warranties in this Section 3.17 are the sole representations and warranties in any Loan Document with respect to environmental
matters, including those relating to Environmental Law or Hazardous Materials.

 

Section
3.18.             Insurance.
Schedule 3.18 sets forth a true, complete and correct description of all material insurance coverage maintained by or on
behalf of the Borrower and the Subsidiaries as of the Fifth Amendment Effective Date. As of the Fifth Amendment Effective Date,
such insurance is in full force and effect and all premiums that are due and owed have been duly paid. The Borrower and the Subsidiaries
are insured by financially sound insurers (subject to the proviso in Section 5.02) and such insurance is in such amounts and covering
such risks and liabilities (and with such deductibles, retentions and exclusions) as are maintained by companies of a similar size
operating in the same or similar businesses.

 

Section
3.19.             Security
Documents. (a)  The Guarantee
and Collateral Agreement is effective to create in favor of the Collateral Trustee, for the ratable benefit of the Secured Parties,
a legal, valid, binding and enforceable security interest in the Collateral described therein and proceeds thereof (other than
money not constituting identifiable proceeds of any Collateral), subject to applicable
insolvency, bankruptcy, reorganization, moratorium, fraudulent transfer and other laws now or hereafter in effect generally affecting
rights of creditors and (including with respect to specific performance) principles of equity, whether considered in a proceeding
in equity or in law and to the discretion of the court before which any proceeding therefor may be brought, and (i) in the
case of the Pledged Securities, upon the earlier of (A) when such Pledged Securities are delivered to the Collateral Trustee
and (B) when financing statements in appropriate form are filed in the offices specified on Schedule 3.19(a), (ii) in
the case of Deposit Accounts not constituting Excluded Perfection Assets or Counterparty Accounts, by the execution and delivery
of control agreements providing for “control” as described in Section 9-104 of the UCC, (iii) in the case of Securities
Accounts not constituting Excluded Perfection Assets or Counterparty Accounts, upon the earlier of (A) the filing of financing
statements in the offices specified on Schedule 3.19(a) and (B) the execution and delivery of control agreements providing
for “control” as described in Section 9-106 of the UCC and (iv) in the case of all other Collateral described
therein (other than Excluded Perfection Assets, Intellectual Property Collateral, money not credited to a Deposit Account or letter
of credit rights not constituting supporting obligations), when financing statements in appropriate form are filed in the offices
specified on Schedule 3.19(a), the Guarantee and Collateral Agreement shall constitute a fully perfected Lien on, all right,
title and interest of the Secured Parties in such Collateral and proceeds thereof, as security for the Guaranteed Obligations hereunder,
in each case prior and superior to the rights of any other Person (except, in the case of all Collateral other than Pledged Securities
in the possession of the Collateral Trustee, with respect to Permitted Liens, and in respect of Pledged Securities in the possession
of the Collateral Trustee,

 

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the Permitted Liens set forth in clause (g) of the definition thereof and with respect to any other
Priority Lien Obligations).

 

(b)               
Each Intellectual Property Security Agreement is effective to create in favor of the Collateral Trustee, for the ratable
benefit of the Secured Parties, a legal, valid, binding and enforceable security interest in the Intellectual Property Collateral
described therein and proceeds thereof (other than money not constituting identifiable proceeds of any Intellectual Property Collateral),
subject to applicable insolvency, bankruptcy, reorganization, moratorium, fraudulent transfer and other laws now or hereafter in
effect generally affecting rights of creditors and (including with respect to specific performance) principles of equity, whether
considered in a proceeding in equity or in law and to the discretion of the court before which any proceeding therefor may be brought.
When each Intellectual Property Security Agreement is filed in the United States Patent and Trademark Office and the United States
Copyright Office, respectively, together with financing statements in appropriate form filed in the offices specified in Schedule
3.19(a), in each case within the time period prescribed by applicable law, such Intellectual Property Security Agreement
shall constitute a fully perfected Lien on, and security interest in (if and to the extent perfection may be achieved by such filings),
all right, title and interest of the grantors thereunder in the Intellectual Property Collateral, as security for the Guaranteed
Obligations hereunder, in each case prior and superior in right to any other Person (except with respect to Permitted Liens) (it
being understood that subsequent recordings in the United States Patent and Trademark Office and the United States Copyright Office
may be necessary to perfect a Lien on registered trademarks, trademark applications, patents, patent applications, copyright registrations
and copyright applications acquired by the grantors after the Closing Date).

 

(c)               
Each of the Mortgages is effective to create in favor of the Collateral Trustee, for the
ratable benefit of the Secured Parties, a legal, valid, binding, subsisting and enforceable Lien on, and security interest in all
of the Loan Parties’ right, title and interest in and to the Mortgaged Property described therein and proceeds thereof (other
than money not constituting identifiable proceeds of any Mortgaged Property), subject to applicable insolvency, bankruptcy, reorganization,
moratorium, fraudulent transfer and other laws now or hereafter in effect generally affecting rights of creditors and (including
with respect to specific performance) principles of equity, whether considered in a proceeding in equity or in law, and to the
discretion of the court before which any proceeding therefor may be brought. When the Mortgages are filed in the offices specified
on Schedule 3.19(c), each such Mortgage shall constitute a fully perfected Lien
on, and security interest in, all right, title and interest of the grantors thereof in such Mortgaged Property and proceeds thereof,
as security for the Guaranteed Obligations hereunder, in each case prior and superior in right to any other Person (except the
Permitted Liens set forth in clauses (e), (f), (g), (h), (i), (j) (solely with respect to Permitted Refinancing Indebtedness refinancing
Indebtedness secured by a Permitted Lien set forth in clause (e), (g), (h), (i), (m) or (o) of the definition thereof), (m), (o)
and (x) of the definition thereof and with respect to any other Priority Lien Obligations).

 

Notwithstanding any
other provision of this Agreement or any other Loan Document, the Borrower does not and shall not make any representation or warranty
under this Section 3.19 during or related to any Collateral Release Period.

 

Section
3.20.             Location of Real Property.
Schedule 3.20 lists completely and correctly as of the Fifth Amendment Effective Date (a) all real property owned
or leased by the Borrower and the other Loan Parties (except for such real property that (i) does not constitute Collateral or
(ii) constitutes an Excluded Perfection Asset) and (b) all real property (except for (i) such interest therein that does not constitute
Collateral, (ii) such interest therein that constitutes an Excluded Perfection Asset or (iii) where the Fair Market Value of such
interest therein is less than $10,000,000 individually or $50,000,000 in the aggregate) to which the Borrower and the other

 

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Loan
Parties have an interest via easement, license or permit and, in the case of each of clauses (a) and (b), the addresses thereof,
indicating for each parcel whether it is owned or leased. As of the Fifth Amendment Effective Date, the Borrower and the
other Loan Parties own in fee or have valid leasehold or easement interests in, as the case may be, all the real property set forth
on Schedule 3.20.

 

Section
3.21.             Labor Matters.
As of the Closing Date, there are no strikes, lockouts or slowdowns against the Borrower or any Subsidiary pending or, to the knowledge
of the Borrower, threatened. The hours worked by and payments made to employees of the Borrower and the Subsidiaries have not been
in violation of the Fair Labor Standards Act or any other applicable Federal, state, material local or material foreign law applicable
to such matters in any material respect. All payments due from the Borrower or any Subsidiary, or for which any claim may be made
against the Borrower or any Subsidiary, on account of wages and employee health and welfare insurance and other benefits, have
been paid or accrued as a liability on the books of the Borrower or such Subsidiary, except as could not reasonably be expected
to have a Material Adverse Effect. The consummation of the Transactions will not give rise to any right of termination or right
of renegotiation on the part of any union under any collective bargaining agreement to which the Borrower or any Subsidiary is
bound.

 

Section
3.22.             Intellectual
Property. Except in each case as could not
reasonably be expected to result in a Material Adverse Effect, (a) the Borrower and each of the Subsidiaries owns, or is licensed
or otherwise has the right to use, all trademarks, tradenames, copyrights, patents and other intellectual property material to
its business, and (b) the use thereof by the Borrower and the Subsidiaries does not infringe upon the rights of any other Person.

 

Section
3.23.             Energy Regulation.
(a)  The Borrower and any Subsidiary Guarantor that is a holding company as such term is defined in PUHCA is exempt
in accordance with 18 CFR § 366.3 from the accounting, record-retention and reporting requirements of PUHCA.

 

(b)               
The Borrower is not subject to regulation as a “public utility” as such term is defined in the FPA. Each Subsidiary
Guarantor that is a “public utility” within the meaning of the FPA and not otherwise exempt from regulation under Section
205 and 206 of the FPA (“FPA-Jurisdictional Subsidiary Guarantors”), has a validly-issued order from FERC, not
subject to any pending challenge or investigation, except as could not reasonably be expected to result in a Material Adverse Effect
and other than generic proceedings generally applicable in the industry: (x) authorizing it to engage in wholesale sales of electric
energy, capacity and certain ancillary services and, to the extent permitted under its market-based rate tariff, other transactions
at market-based rates and (y) granting such waivers and blanket authorizations as are customarily granted to entities with market-based
rate authority, including blanket authorizations to issue securities and to assume liabilities pursuant to Section 204 of the FPA
(together, “FPA MBR Authorizations, Exemptions and Waivers”). As of the Fifth Amendment Effective Date, except
as could not reasonably be expected to result in a Material Adverse Effect and except as set forth on Schedule 3.23(b),
the FERC has not imposed any rate caps, mitigation measures, or other limitations on the FPA MBR Authorizations, Exemptions and
Waivers of any FPA-Jurisdictional Subsidiary Guarantor or any of the FPA-Jurisdictional Subsidiary Guarantors’ authority
to engage in sales of electricity at market-based rates, other than (i) rate caps and mitigation measures generally applicable
to wholesale suppliers participating in the applicable FERC-jurisdictional electric market (although, to the knowledge of the Borrower,
there are no generally applicable challenges currently pending before FERC to the market-based rate authorization of wholesale
suppliers in the electric markets in which the Subsidiary Guarantors described in the previous sentence make wholesale sales under
their market-based rate tariffs).

 

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(c)               
Each Subsidiary Guarantor participating in the wholesale or retail power market that is not a FPA-Jurisdictional Subsidiary
Guarantor (“Non-FPA-Jurisdictional Subsidiary Guarantors”) has made all filings with and obtained all authorizations
necessary from the applicable Governmental Authority to generate electric energy and sell electric energy, capacity or ancillary
services at wholesale or retail (“Non-FPA Sales Authorizations”), and, except as could not reasonably be expected
to result in a Material Adverse Effect, the applicable Governmental Authority has not imposed any specific rate cap or mitigation
measure on such Non-FPA Sales Authorizations (other than generic proceedings generally applicable in the industry). To each Non-FPA-Jurisdictional
Subsidiary Guarantor’s knowledge, as of the Closing Date, the rates charged by such Non-FPA-Jurisdictional Subsidiary Guarantor
are not subject to any pending challenge or investigation.

 

(d)               
Except as could not reasonably be expected to result in a Material Adverse Effect and except
as set forth on Schedule 3.23(d), there are no complaint proceedings pending with the FERC or the PUCT seeking abrogation
or modification or refunds, or otherwise investigating the rates, terms or conditions, of a sale of power by the Borrower or its
Subsidiary Guarantors.

 

(e)               
Except as could not reasonably be expected to result in a Material Adverse Effect, each of the Borrower and each of the
Subsidiary Guarantors, as applicable, has filed or caused to be filed with the applicable state or local utility commission or
regulatory bodies, ERCOT and the FERC all forms, applications, notices, statements, reports and documents (including all exhibits
and amendments thereto) required to be filed by it under all Applicable Laws, including PUHCA, the FPA and state utility laws and
the respective rules thereunder, all of which complied with the applicable requirements of the appropriate act and rules, regulations
and orders thereunder in effect on the date each was filed.

 

(f)                
None of the Borrower or any of the Subsidiary Guarantors is subject to any material state laws or material regulations respecting
rates or the financial or organizational regulation of utilities, other than (i) with respect to those Subsidiary Guarantors that
are QFs, such state regulations contemplated by 18 C.F.R. Section 292.602(c), (ii) “lightened regulation” by the New
York State Public Service Commission (the “NYPSC”) of the type described
in the NYPSC’s order issued on September 23, 2004 in Case 04-E-0884, (iii) the assertion of jurisdiction by the State of
California over maintenance and operating standards of all generating facilities pursuant to SB 39XX, (iv) with respect to Subsidiary
Guarantors making sales of wholesale energy within ERCOT, regulations issued by the PUCT and (v) with respect to Subsidiary Guarantors
that are retail electric providers, regulations issued by the respective state legislatures and regulatory Commissions. Other than
the approval of the NYPSC, which was granted by an order issued in Case 10-E-0405 (November 18, 2010), no approval is required
to be obtained in connection with the Transactions by Borrower or its Subsidiary Guarantors from the PUCT, the FERC, or any other
state or federal Governmental Authority with jurisdiction over the energy sales or financing arrangements of the Borrower and its
Subsidiary Guarantors.

 

(g)               
As of the Fifth Amendment Effective Date, (i) each Facility identified as a “QF”
in Schedule 3.23(g) is a QF under PURPA and the current rules and regulations promulgated thereunder; (ii) each Person identified
as an “EWG” in Schedule 3.23(g) is an “exempt wholesale generator” within the meaning of
PUHCA and the Energy Policy Act of 2005, as amended, and (iii) each Person identified as a FUCO in Schedule
3.23(g) is a “foreign utility company” within the meaning of PUHCA.

 

Section
3.24.             Solvency.
Immediately after the consummation of the Transactions on the Closing Date and immediately following the making of each Loan (or
other extension of credit hereunder) and after giving effect to the application of the proceeds of each Loan (or other

 

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extension
of credit hereunder), (a) the fair value of the assets of the Loan Parties, taken as a whole, at a fair valuation, taking into
account the effect of any indemnities, contribution or subrogation rights, will exceed their debts and liabilities, subordinated,
contingent or otherwise; (b) the present fair saleable value of the property of the Loan Parties, taken as a whole, taking
into account the effect of any indemnities, contribution or subrogation rights, will be greater than the amount that will be required
to pay the probable liability of their debts and other liabilities, subordinated, contingent or otherwise, as such debts and other
liabilities become absolute and matured; (c) the Loan Parties, taken as a whole, will be able to pay their debts and liabilities,
subordinated, contingent or otherwise, as such debts and liabilities become absolute and matured; and (d) the Loan Parties, taken
as a whole, will not have unreasonably small capital with which to conduct the business in which they are engaged as such business
is now conducted and is proposed to be conducted following the Closing Date.

 

Section
3.25.             Liabilities
and Obligations of Funded L/C SPV. The Funded
L/C SPV has no material liability or other obligation (including Indebtedness, Guarantees, contingent liabilities and liabilities
for taxes) other than its obligations to one or more LC Issuers and their Affiliates pursuant to and in accordance with the terms
and provisions of Cash Collateralized Letter of Credit Facilities outstanding at any time after the Closing Date and liabilities
and obligations reasonably related, ancillary or incidental to such Cash Collateralized Letter of Credit Facilities. 

 

Section
3.26.             Anti-Terrorism
Laws. To the extent applicable, each Loan
Party and its Subsidiaries are in compliance with Anti-Terrorism Laws in all material respects. 

 

Section
3.27.             Anti-Corruption
Laws and Sanctions. 

 

(a)               
The Borrower has implemented and maintains in effect policies and procedures designed to ensure compliance by the Borrower,
its Subsidiaries and their respective directors, officers and employees with Anti-Corruption Laws and applicable Sanctions.

 

(b)               
The Borrower and its Subsidiaries and, to the knowledge of the Borrower, their respective officers, directors and employees,
are not Sanctioned Persons.

 

(c)               
No part of the proceeds of the Loans or the Letters of Credit will be used, directly, or to the knowledge of the Borrower,
indirectly (i) in violation of the Anti-Corruption Laws or (ii) in violation of Section 6.14.

 

ARTICLE
IV.

 

Conditions of Lending

 

The obligations of
the Lenders to make Loans and the obligations of the Issuing Banks to issue Letters of Credit hereunder are subject to the satisfaction
(or waiver in accordance with Section 9.08) of the following conditions:

 

Section
4.01.             All Credit
Events. On the date of each Borrowing on or
after the Closing Date, including each Borrowing of a Swingline Loan, and on the date of each issuance, amendment, extension or
renewal of a Letter of Credit on or after the Closing Date (each such event being called a “Credit Event”):

 

(a)               
The Administrative Agent shall have received a notice of such Borrowing as required by Section 2.03 (or such notice shall
have been deemed given in accordance with Section 2.03) or, in the case of the issuance, amendment, extension or renewal of
a Letter of Credit,

 

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the Issuing Bank and the Administrative Agent shall have received a notice requesting the issuance, amendment,
extension or renewal of such Letter of Credit as required by Section 2.23(b) or, in the case of the Borrowing of a Swingline
Loan, the Swingline Lender and the Administrative Agent shall have received a notice requesting such Swingline Loan as required
by Section 2.22(b).

 

(b)               
The representations and warranties set forth in each Loan Document shall be true and correct in all material respects on
and as of the date of such Credit Event with the same effect as though made on and as of such date, except to the extent such representations
and warranties expressly relate to an earlier date, in which case such representations and warranties shall be true and correct
in all material respects on and as of such earlier date; provided that, in each case, such
materiality qualifier shall not be applicable to any representations and warranties that already are qualified or modified by materiality
(or Material Adverse Effect) in the text thereof.

 

(c)               
At the time of and immediately after such Credit Event, no Default or Event of Default shall
have occurred and be continuing.

 

(d)               
After giving effect to such Credit Event, the Aggregate Revolving Exposure shall not exceed
the Total Revolving Commitment.

 

Each Credit Event shall
be deemed to constitute a representation and warranty by the Borrower on the date of such Credit Event as to the matters specified
in Sections 4.01(b), 4.01(c) and 4.01(d).

 

Section
4.02.             Conditions
Precedent to the Closing Date. On the Closing
Date, the conditions set forth in Section 4.1 of the Restatement Agreement.

 

ARTICLE
V.

 

Affirmative Covenants

 

The Borrower covenants
and agrees with each Lender that so long as this Agreement shall remain in effect and until the Commitments have been terminated
and the principal of and interest on each Loan, all Fees and all other expenses or amounts payable under any Loan Document (other
than indemnification and other contingent obligations that expressly survive pursuant to the terms of any Loan Document, in each
case, not then due and payable) shall have been paid in full and all Letters of Credit have been canceled or have expired and all
amounts drawn thereunder have been reimbursed in full or reimbursement thereof shall have been cash-collateralized in an amount
equal to 103% of the Revolving L/C Exposure as of such time, the Borrower will, and will cause each of the Subsidiaries to:

 

Section
5.01.             Corporate
Existence. Subject to Section 6.08, do or
cause to be done all things necessary to preserve and keep in full force and effect (a) its corporate existence, and the corporate,
partnership or other existence of each of its Subsidiaries, in accordance with the respective organizational documents (as the
same may be amended from time to time) of the Borrower or any such Subsidiary and (b) the rights (charter and statutory), licenses
and franchises of the Borrower and its Subsidiaries; provided, however, that the Borrower shall not be required to
preserve any such right, license or franchise, or the corporate, partnership or other existence of any of its Subsidiaries, if
(i) the Borrower shall determine that the preservation thereof is no longer desirable in the conduct of the business of the Borrower
and its Subsidiaries, taken as a whole, and that the loss thereof is not adverse in any material respect to the Lenders and (ii)
if a Subsidiary is to be dissolved, such Subsidiary has no assets.

 

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Section
5.02.             Insurance.
(a)  Except to the extent any such insurance is not generally available in the marketplace
from commercial insurers, keep its properties that are of an insurable character adequately insured in accordance with industry
standards at all times by financially sound insurers (provided, however, that there shall be no breach of this Section
5.02 if any such insurer becomes financially unsound and such Loan Party obtains reasonably promptly insurance coverage from a
different financially sound insurer), which, in the case of any insurance on any Mortgaged Property, are licensed to do business
in the States where the applicable Mortgaged Property is located; maintain such other insurance, to such extent and against such
risks (and with such deductibles, retentions and exclusions), in each case as is customary with companies of a similar size operating
in the same or similar businesses; maintain such other insurance as may be required by law; and maintain such other insurance as
otherwise required by the Security Documents.

 

(b)               
If any Mortgaged Property is required to be insured pursuant to the Flood Disaster Protection
Act of 1973 or the National Flood Insurance Act of 1968, and the regulations promulgated thereunder, because it is located in an
area which has been identified by the Secretary of Housing and Urban Development as a “special flood hazard area,”
provide, maintain and keep in force at all times (subject, in each case, to the terms and conditions of Section 5.09(b)) flood
insurance covering such Mortgaged Property in an amount not less than the lesser of (i) the outstanding principal amount of Indebtedness
secured by the applicable Mortgage or (ii) the maximum amount of coverage made available with respect to the particular type of
property under the National Flood Insurance Act of 1968, as amended by the Flood Disaster Protection Act of 1973 (or any greater
limits to the extent required by applicable law from time to time).

 

Section
5.03.             Taxes.
Pay, and cause each of its Subsidiaries to pay, prior to delinquency, all material Taxes, assessments, and governmental levies
except such as are contested in good faith and by appropriate proceedings, and for which the applicable Subsidiary has set aside
on its books adequate reserves in accordance with GAAP, or where the failure to effect such payment is not adverse in any material
respect to the Lenders.

 

Section
5.04.             Financial Statements, Reports, etc.
In the case of the Borrower, furnish to the Administrative Agent for distribution to each Lender:

 

(a)               
within 90 days after the end of each fiscal year beginning with the fiscal year ending on December 31, 2016, its consolidated
balance sheet and related statements of income, stockholders’ equity and cash flows showing the financial condition as of
the close of such fiscal year of the Borrower and its consolidated Subsidiaries at such time and the results of its operations
and the operations of such Subsidiaries during such year, together with comparative figures for the immediately preceding fiscal
year, all audited by KPMG LLP or other independent public accountants of recognized national standing and accompanied by an opinion
of such accountants reasonably satisfactory to the Administrative Agent (which shall not be qualified in any material respect,
except for qualifications as a result of maturities of Indebtedness within the following twelve-month period, and/or relating to
accounting changes (with which such independent public accountants shall concur) in response to FASB releases or other authoritative
pronouncements) to the effect that such consolidated financial statements fairly present the financial condition and results of
operations of the Borrower and its consolidated Subsidiaries on a consolidated basis in accordance with GAAP consistently applied;

 

(b)               
within 45 days after the end of each of the first three fiscal quarters of each fiscal year beginning with the fiscal
quarter ending on June 30, 2016, its unaudited consolidated balance sheet and related statements of income, stockholders’
equity and cash flows showing the financial condition as of the close of such fiscal quarter of the Borrower and its consolidated
Subsidiaries at

 

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such time and the results of its operations and the operations of such Subsidiaries during such fiscal quarter
and the then elapsed portion of the fiscal year, and comparative figures for the same periods in the immediately preceding fiscal
year, all certified by one of its Financial Officers to the effect that such financial statements, while not examined by independent
public accountants, reflect in the opinion of the Borrower all adjustments necessary to present fairly in all material respects
the financial condition and results of operations of the Borrower and its consolidated Subsidiaries on a consolidated basis as
of the end of and for such periods in accordance with GAAP consistently applied, subject to normal year-end audit adjustments and
the absence of footnotes;

 

(c)               
(i) concurrently with any delivery of financial statements under Section 5.04(a), a letter from the independent public accountants
rendering the opinion on such statements (which letter may be limited to accounting matters and disclaim responsibility for legal
interpretations) stating whether, in connection with their audit examination, anything has come to their attention which would
cause them to believe that any Default or Event of Default existed on the date of such financial statements and if such a condition
or event has come to their attention and (ii) concurrently with any delivery of financial statements under Section 5.04(a) or 5.04(b),
an Officers’ Certificate of a Financial Officer of the Borrower (A) certifying that no Event of Default or Default has
occurred or, if such an Event of Default or Default has occurred, specifying the nature and extent thereof and any corrective action
taken or proposed to be taken with respect thereto and (B) setting forth computations in reasonable detail as is reasonably
satisfactory to the Administrative Agent demonstrating compliance with each of the covenants set forth in Sections 6.11 and 6.12
as of the last day of the fiscal year or fiscal quarter with respect to which such financial statements are being delivered;

 

(d)               
within 30 days following the commencement of each fiscal year of the Borrower, a detailed consolidated budget for such fiscal
year (including a projected consolidated balance sheet and related statements of projected operations and cash flows as of the
end of and for such fiscal year and setting forth the assumptions used for purposes of preparing such budget) and, promptly when
available, any significant revisions of such budget;

 

(e)               
within 135 days after the end of each fiscal year beginning with the fiscal year ending
December 31, 2019, a Pricing Certificate setting forth the calculations of the Applicable Sustainability Adjustment for the preceding
fiscal year and, if applicable, the quantity set forth in clause (i) of the definition of “Baseline Sustainability
Amount” (as it may have been previously adjusted pursuant to this Section 5.04(e)) for the
preceding fiscal year calculated after giving pro forma effect to any acquisition or disposition of assets (including, without
limitation, in the form of Equity Interests) consummated by the Borrower or any of its Subsidiaries during such fiscal year in
accordance with the Credit Agreement (each, a “Pro Forma Greenhouse Gas Emission Amount”), and all information
supporting such calculations reasonably requested by Administrative Agent;

 

(f)                
promptly after the same become publicly available, copies of all periodic and other reports, proxy statements and other
materials filed by the Borrower or any Subsidiary with the Securities and Exchange Commission, or any Governmental Authority succeeding
to any or all of the functions of said Commission, or with any domestic national securities exchange, or distributed to its shareholders
generally, as the case may be;

 

(g)               
promptly after the receipt thereof by the Borrower or any of the Subsidiaries, a copy of any “management letter”
received by any such Person from its certified public accountants and the management’s response thereto; and

 

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(h)               
promptly, from time to time, such other information regarding the operations, business affairs and financial condition of
the Borrower or any Subsidiary, or compliance with the terms of any Loan Document, as the Administrative Agent or any Lender (acting
through the Administrative Agent) may reasonably request.

 

Section
5.05.             Litigation and Other Notices.
Furnish to the Administrative Agent written notice of the following promptly after the Borrower obtains knowledge thereof:

 

(a)               
any Event of Default or Default, specifying the nature and extent thereof and the corrective action (if any) taken or proposed
to be taken with respect thereto;

 

(b)               
the filing or commencement of any action, suit or proceeding, whether at law or in equity
or by or before any arbitrator or Governmental Authority, against the Borrower or any Subsidiary that could reasonably be expected
to result in a Material Adverse Effect;

 

(c)               
the occurrence of any ERISA Event that could reasonably be expected to result in a Material
Adverse Effect; and

 

(d)               
any development that has resulted in, or could reasonably be expected to result in, a Material
Adverse Effect.

 

Section
5.06.             Information
Regarding Collateral. (a)  Furnish,
and will cause each Loan Party to furnish, to each of the Administrative Agent, the Collateral Agent and the Collateral Trustee
prompt written notice of (i) any change (A) in any Loan Party’s corporate name as set forth in its certificate of incorporation,
certificate of formation or other relevant organizational documents, (B) except during any Collateral Release Period, any office
or facility (other than any location within the control of the Administrative Agent, the Collateral Agent or the Collateral Trustee)
at which material portions of Collateral owned by it are located (including the establishment of any such new office or facility),
(C) in any Loan Party’s corporate structure or (D) except during any Collateral Release Period, in any Loan Party’s
Federal Taxpayer Identification Number; (ii) any formation or acquisition after the Closing Date of any Subsidiary that is not
an Excluded Subsidiary; (iii) any sale, transfer, lease, issuance or other disposition (by way of merger, consolidation, operation
of law or otherwise) after the Closing Date of any Equity Interests of any Subsidiary that is not an Excluded Subsidiary to any
Person other than the Borrower or another Subsidiary; and (iv) any Subsidiary that is an Excluded Subsidiary as of the Closing
Date or at any time thereafter ceasing to be an Excluded Subsidiary. Except during a Collateral Release Period, the Borrower agrees
not to effect or permit any change referred to in the preceding sentence unless a reasonable period has been provided (such period
to be at least 3 Business Days) for making all filings under the UCC or otherwise and taking all other actions, in each case that
are required in order for the Collateral Trustee to continue at all times following such change to have a valid, legal and perfected
(subject to the limitations set forth in Section 3.19) security interest in all the Collateral (other than any Excluded Perfection
Assets). The Borrower also agrees promptly to notify each of the Administrative Agent, the Collateral Agent and the Collateral
Trustee if any material portion of the Collateral is damaged or destroyed, other than during a Collateral Release Period.

 

(b)               
In the case of the Borrower, each year, at the time of delivery of the annual financial statements with respect to the preceding
fiscal year pursuant to Section 5.04(a) except during a Collateral Release Period, deliver to the Administrative Agent a certificate
of a Financial Officer of the Borrower setting forth (i) the information required pursuant to Section I of the Perfection
Certificate or confirming that there has been no change in such information since the date of the Perfection Certificate delivered
on the Closing Date or the date of the most recent

 

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certificate delivered pursuant to this Section and (ii) any liquidation
or dissolution during such preceding fiscal year of any Subsidiary other than an Excluded Subsidiary.

 

(c)               
Promptly after the occurrence of a Collateral Reinstatement Event, furnish and cause each Loan Party to furnish to each
of the Administrative Agent, the Collateral Agent and the Collateral Trustee prompt written notice of any event described in Section
5.06(a)(i)(B) or Section 5.06(a)(i)(D) that occurred during the applicable Collateral Release Period.

 

Section
5.07.             Maintaining Records; Access to Properties
and Inspections; Environmental Assessments.
(a)  Keep, and cause each Subsidiary to keep, proper books of record and account in which full, true and correct
entries in conformity with GAAP and all applicable requirements of law are made of all financial operations. No more than once
in any fiscal year (except if an Event of Default has occurred and is continuing) the Borrower will, and will cause each of its
Subsidiaries to, permit, if requested by the Administrative Agent, any representatives designated by the Administrative Agent or
any Lender to visit and inspect the financial records and the properties of the Borrower or any of its Subsidiaries at reasonable
times and as reasonably requested and to make extracts from and copies of such financial records, and permit any representatives
designated by the Administrative Agent or any Lender to discuss the affairs, finances and condition of the Borrower or any of its
Subsidiaries with the officers thereof and independent accountants therefor.

 

(b)               
At its election, the Administrative Agent may retain, or require the Borrower to retain,
an independent engineer or environmental consultant to conduct an environmental assessment of any Mortgaged Property or facility
of the Borrower or any Subsidiary. Any such environmental assessments conducted pursuant to this Section 5.07(b) shall be
at the Borrower’s sole cost and expense only if conducted following the occurrence of (i) an Event of Default or (ii) any
event, circumstance or condition that could reasonably be expected to result in an Event of Default, in the case of each of clause
(i) and (ii) that concerns or relates to any Environmental Liabilities of the Borrower or any Subsidiary; provided
that the Borrower shall only be responsible for such costs and expenses to the extent that such environmental assessment is limited
to that which is reasonably necessary to assess the subject matter of such Event of Default or such event, circumstance or condition
that could reasonably be expected to result in an Event of Default. In addition, environmental assessments conducted pursuant to
this Section 5.07(b) shall not be conducted more than once every twelve months with respect to any parcel of Mortgaged Property
or any single facility of the Borrower or any Subsidiary unless such environmental assessments are conducted following the occurrence
of (i) an Event of Default or (ii) any event, circumstance or condition that could reasonably be expected to result in an Event
of Default, in the case of each of clause (i) and (ii) that concerns or relates to any Environmental Liabilities of the Borrower
or any Subsidiary. The Borrower shall, and shall cause each of the Subsidiaries to, reasonably cooperate in the performance of
any such environmental assessment and permit any such engineer or consultant designated by the Administrative Agent to have reasonable
access to each property or facility at reasonable times and after reasonable notice to the Borrower of the plans to conduct such
an environmental assessment. Environmental assessments conducted under this Section 5.07(b) shall be limited to visual inspections
of the Mortgaged Property or facility, interviews with representatives of the Borrower or facility personnel, and review of applicable
records and documents pertaining to the property or facility.

 

(c)               
In the event that the Administrative Agent reasonably believes that Hazardous Materials have been Released or are threatened
to be Released on any Mortgaged Property or other facility of the Borrower or any Subsidiary or that any such property or facility
is not being operated in compliance with applicable Environmental Law, in each case where the Release, threatened Release or failure
to comply has resulted in, or could reasonably be expected to result in, a material

 

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Environmental Liability of the Borrower any
of the Subsidiaries, the Administrative Agent may, at its election and after reasonable notice to the Borrower, retain, or require
the Borrower to retain, an independent engineer or other qualified environmental consultant to reasonably assess the subject matter
of such Release, threatened Release or failure to comply with applicable Environmental Law. Such environmental assessments may
include detailed visual inspections of the Mortgaged Property or facility, including any and all storage areas, storage tanks,
drains, dry wells and leaching areas, and the taking of soil samples, surface water samples and groundwater samples as well as
such other reasonable investigations or analyses in each case as are reasonable and necessary to assess the subject matter of the
Release, threatened Release or failure to comply. The Borrower shall, and shall cause each of the Subsidiaries to, reasonably cooperate
in the performance of any such environmental assessment and permit any such engineer or consultant designated by the Administrative
Agent to have reasonable access to each property or facility at reasonable times and after reasonable notice to the Borrower of
the plans to conduct such an environmental assessment. All environmental assessments conducted pursuant to this Section 5.07(c)
shall be at the Borrower’s sole cost and expense.

 

Section
5.08.             Use of
Proceeds. Use the proceeds of the Loans and
request the issuance of Letters of Credit only for the purposes set forth in Section 3.13.

 

Section
5.09.             Additional
Collateral, etc. (a) Except during a Collateral Release Period, with respect to any Collateral acquired after the Closing
Date or with respect to any property or asset which becomes Collateral pursuant to the definition thereof after the Closing Date,
promptly (and, in any event, (A) with respect to any Deposit Account, Securities Account or Commodities Account, within the time
period set forth in the second paragraph of Section 5.10 applicable to such Deposit Account, Securities Account or Commodities
Account and (B) with respect to any other Collateral or any other property or asset which becomes Collateral, within 20 Business
Days following the date of such acquisition or designation, or in each case, such longer period as consented to by the Administrative
Agent in its sole discretion) (i) execute and deliver to the Administrative Agent, the Collateral Agent and the Collateral Trustee
such amendments to the Guarantee and Collateral Agreement or such other Security Documents as the Collateral Agent or the Collateral
Trustee, as the case may be, deems necessary or reasonably advisable to grant to the Collateral Trustee, for the benefit of the
Secured Parties, a security interest in such Collateral and (ii) take all actions necessary or reasonably requested by the Administrative
Agent to grant to the Collateral Trustee, for the benefit of the Secured Parties, a perfected (subject to the limitations set forth
in Section 3.19) first priority security interest in such Collateral (other than any Excluded Perfection Assets and, except with
respect to Pledged Securities in the possession of the Collateral Trustee, subject to Permitted Liens, and in respect of Pledged
Securities in the possession of the Collateral Trustee, the Permitted Liens set forth in clause (g) of the definition thereof and
with respect to any other Priority Lien Obligations), including the filing of UCC financing statements in such jurisdictions as
may be required by the Guarantee and Collateral Agreement or by law or as may be reasonably requested by the Administrative Agent,
the Collateral Agent or the Collateral Trustee (it being understood and agreed that no Control Agreements shall be required pursuant
to this Section 5.09(a) in respect of any Counterparty Accounts). Notwithstanding anything set forth herein or in any other Loan
Document to the contrary, this Section 5.09(a) shall not apply to Intellectual Property Collateral acquired after the Closing Date
or with respect to any property or asset which becomes Intellectual Property Collateral pursuant to the definition of Collateral
after the Closing Date (it being agreed and understood that such Intellectual Property Collateral shall be subject to the applicable
provisions of the Guarantee and Collateral Agreement).

 

(b)               
Except during a Collateral Release Period, with respect to any fee interest in any Collateral consisting of real property
or any lease of Collateral consisting of real property acquired or leased after the Closing Date by the Borrower or any other Loan
Party or which becomes

 

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Collateral pursuant to the definition thereof (other than any Excluded Perfection Assets), promptly (and,
in any event, subject to the last sentence of this Section 5.09(b), within 60 days following the date of such acquisition or such
longer period as consented to by the Administrative Agent in its sole discretion) (i) execute and deliver a first priority
Mortgage in favor of the Collateral Trustee, for the benefit of the Secured Parties, covering such real property and complying
with the provisions herein and in the Security Documents, (ii) provide the Secured Parties with (A) title and extended coverage
insurance (or, if approved by the Administrative Agent in its sole discretion, a UCC title insurance policy) covering such real
property in an amount at least equal to the purchase price of such real property (or such other amount as shall be reasonably specified
by the Administrative Agent, the Collateral Agent or the Collateral Trustee, which may be the value of the generation assets, if
applicable, situated thereon), together with such endorsements as are reasonably required by the Administrative Agent, the Collateral
Agent or the Collateral Trustee and are obtainable in the State in which such Mortgaged Property is located, as well as a current
ALTA survey thereof complying with the requirements set forth in Schedule 5.09(b) and all of the other provisions herein
and in the Security Documents, together with a surveyor’s certificate and (B) any consents or estoppels reasonably deemed
necessary or advisable by the Administrative Agent, the Collateral Agent or the Collateral Trustee in connection with such Mortgage,
each of the foregoing in form and substance reasonably satisfactory to the Administrative Agent, the Collateral Agent and the Collateral
Trustee, (iii) if any such Collateral (other than any Excluded Perfection Assets) consisting of fee-owned real property is required
to be insured pursuant to the Flood Disaster Protection Act of 1973 or the National Flood Insurance Act of 1968, and the regulations
promulgated thereunder, because it is located in an area which has been identified by the Secretary of Housing and Urban Development
as a “special flood hazard area,” deliver to the Administrative Agent (A) a policy of flood insurance that (1) covers
such Collateral and (2) is written in an amount reasonably satisfactory to the Administrative Agent, (B) a “life of loan”
standard flood hazard determination with respect to such Collateral and (C) a confirmation that the Borrower or such other Loan
Party has received the notice requested pursuant to Section 208(e)(3) of Regulation H of the Board,
(iv) if reasonably requested by the Administrative Agent, deliver to the Administrative Agent, the Collateral Agent and the Collateral
Trustee legal opinions relating to the matters described above, which opinions shall be in form and substance, and from counsel,
reasonably satisfactory to the Administrative Agent, the Collateral Agent and the Collateral Trustee and (v) deliver to the Administrative
Agent a notice identifying the consultant’s reports, environmental site assessments or other documents relied upon by the
Borrower or any other Loan Party to determine that any such real property included in such Collateral does not contain Hazardous
Materials of a form or type or in a quantity or location that could, or to determine that the operations on any such real property
included in such Collateral is in compliance with Environmental Law except to the extent any non-compliance could not, reasonably
be expected to result in a material Environmental Liability. Notwithstanding the foregoing, the Administrative Agent shall not
enter into any Mortgage in respect of any real property acquired by any Loan Party after the Fifth Amendment Effective Date unless
the Administrative Agent has provided each Revolving Lender, by way of posting such materials on the Approved Electronic Platform,
at least ten (10) Business Days prior to entering into such Mortgage, (x) a completed a “life of loan” standard
flood hazard determination with respect to such real property from a third-party vendor if such
Mortgaged Property relates to a property not located in a “special flood hazard area”
or (y) a completed a “life of loan” standard flood hazard determination with
respect to such real property from a third-party vendor as well as the documentation listed in clause (iii) hereof if such Mortgaged
Property relates to a property located in a “special flood hazard area” and the 60-day
period set forth in the first sentence of this Section 5.09(b) shall be automatically extended, as necessary, to accommodate the
notice period set forth in this sentence.

 

(c)               
Except during a Collateral Release Period (other than for purposes of providing Guarantees
of the Guaranteed Obligations hereunder), with respect to any new Subsidiary (other

 

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than an Unrestricted Subsidiary or an
Excluded Subsidiary) created or acquired after the Closing Date (which, for the purposes of this Section 5.09(c), shall include
any existing Subsidiary that ceases to be an Unrestricted Subsidiary, an Excluded Foreign Subsidiary or an Excluded Project Subsidiary)
by the Borrower or any of the Subsidiaries, promptly (and, in any event, within 20 Business Days following such creation or the
date of such acquisition or such longer period as consented to by the Administrative Agent in its sole discretion), (i) execute
and deliver to the Administrative Agent, the Collateral Agent and the Collateral Trustee such amendments to the Guarantee and Collateral
Agreement as the Administrative Agent, the Collateral Agent or the Collateral Trustee deems necessary or reasonably advisable to
grant to the Collateral Trustee, for the benefit of the Secured Parties, a valid, perfected first priority security interest in
the Equity Interests in such new Subsidiary that are owned by the Borrower or any of the Subsidiaries, (ii) deliver to the
Collateral Trustee the certificates, if any, representing such Equity Interests, together with undated instruments of transfer
or stock powers, in blank, executed and delivered by a duly authorized officer of the Borrower or such Subsidiary, as the case
may be, (iii) cause such new Subsidiary that is not an Excluded Subsidiary or an Unrestricted Subsidiary (A) to become
a party to the Guarantee and Collateral Agreement to, among other things, provide Guarantees of the Guaranteed Obligations hereunder,
the Collateral Trust Agreement and the Intellectual Property Security Agreements and (B) to take such actions necessary or
reasonably requested by the Administrative Agent to grant to the Collateral Trustee, for the benefit of the Secured Parties, a
perfected (subject to the limitations set forth in Section 3.19) first priority security interest (except with respect to Pledged
Securities, subject to Permitted Liens, and in respect of Pledged Securities, the Permitted Liens in clause (g) of the definition
thereof) in the Collateral described in the Guarantee and Collateral Agreement and the Intellectual Property Security Agreement
with respect to such new Subsidiary that is not an Excluded Subsidiary, including the recording of instruments in the United States
Patent and Trademark Office and the United States Copyright Office (but not in any intellectual property offices in any jurisdiction
outside the United States), the execution and delivery by all necessary Persons of Control Agreements (other than with respect
to any Counterparty Accounts) and the filing of UCC financing statements in such jurisdictions as may be required by the Guarantee
and Collateral Agreement or by law or as may be reasonably requested by the Administrative Agent, the Collateral Agent or the Collateral
Trustee and (iv) deliver to the Administrative Agent, the Collateral Agent and the Collateral Trustee, if reasonably requested,
legal opinions relating to the matters described above, which opinions shall be in form and substance, and from counsel, reasonably
satisfactory to the Administrative Agent, the Collateral Agent and the Collateral Trustee.

 

(d)               
Except during a Collateral Release Period, with respect to any new Excluded Foreign Subsidiary
(other than an Unrestricted Subsidiary or an Excluded Subsidiary pursuant to clause (b) or (c) of the definition thereof) created
or acquired after the Closing Date by the Borrower or any of its Subsidiaries, promptly (and,
in any event, within 20 Business Days following such creation or the date of such acquisition or such longer period as consented
to by the Administrative Agent in its sole discretion) (i) execute and deliver to the Administrative Agent, the Collateral Agent
and the Collateral Trustee such amendments to the Guarantee and Collateral Agreement as the Administrative Agent, the Collateral
Agent or the Collateral Trustee deems necessary or advisable in order to grant to the Collateral Trustee, for the benefit of the
Secured Parties, a perfected first priority security interest in the Equity Interests in such new Excluded Foreign Subsidiary that
is directly owned by the Borrower or any of its Domestic Subsidiaries (provided that in no event shall more than 66% of
the total outstanding voting first-tier Equity Interests in any such new Excluded Foreign Subsidiary be required to be so pledged),
(ii) deliver to the Collateral Trustee the certificates representing such Equity Interests, together with undated instruments
of transfer or stock powers, in blank, executed and delivered by a duly authorized officer of the Borrower or such Domestic Subsidiary,
as the case may be, and take such other action as may be necessary or, in the reasonable opinion of the Administrative Agent, the
Collateral Agent or the

 

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Collateral Trustee, desirable to perfect the security interest of the Collateral Trustee thereon and (iii)
deliver to the Administrative Agent, the Collateral Agent and the Collateral Trustee, if reasonably requested, legal opinions (which
may be delivered by in-house counsel if admitted in the relevant jurisdiction) relating to the matters described above, which opinions
shall be in form and substance, and from counsel, reasonably satisfactory to the Administrative Agent, the Collateral Agent and
the Collateral Trustee. 

 

Section
5.10.             Further
Assurances. (a)  From time
to time duly authorize, execute and deliver, or cause to be duly authorized, executed and delivered, such additional instruments,
certificates, financing statements, agreements or documents, and take all such actions (including filing UCC and other financing
statements, except during a Collateral Release Period), as the Administrative Agent, the Collateral Agent or the Collateral Trustee
may reasonably request, for the purposes of implementing or effectuating the provisions of this Agreement and the other Loan Documents,
or (except during a Collateral Release Period) perfecting or renewing the rights of the Administrative Agent, the Collateral Agent,
the Issuing Bank, the Collateral Trustee and the Secured Parties with respect to the Collateral (or with respect to any additions
thereto or replacements or proceeds or products thereof or with respect to any other property or assets hereafter acquired by the
Borrower or any Subsidiary which assets or property may be deemed to be part of the Collateral), as applicable, pursuant hereto
or thereto. Upon the exercise by the Administrative Agent, the Collateral Agent, the Issuing Bank, the Collateral Trustee or any
Lender of any power, right, privilege or remedy pursuant to this Agreement or the other Loan Documents which requires any consent,
approval, recording, qualification or authorization of any Governmental Authority, the Borrower will execute and deliver, or will
cause the execution and delivery of, all applications, certifications, instruments and other documents and papers that the Administrative
Agent, the Collateral Agent, the Issuing Bank, the Collateral Trustee or such Lender may be required to obtain from the Borrower
or any of the Subsidiaries for such governmental consent, approval, recording, qualification or authorization.

 

Except
during a Collateral Release Period, on or prior to the 45th day after the date any additional Deposit Account, Securities
Account or Commodities Account is opened after the Closing Date (except to the extent any such account is an Excluded Asset, an
Excluded Perfection Asset or a Counterparty Account) or such longer period as consented to by the Administrative Agent in its sole
discretion, at its sole expense, with respect to any such Deposit Account, Securities Account or Commodities Account, each applicable
Subsidiary Guarantor shall take any actions required for the Collateral Trustee to obtain “control” (within the meaning
of the applicable Uniform Commercial Code) with respect thereto, including executing and delivering and causing the relevant depositary
bank or securities intermediary to execute and deliver a Control Agreement in form and substance reasonably satisfactory to the
Collateral Trustee.

 

Section
5.11.             Ownership
of Funded L/C SPV. Except during a Collateral
Release Period, at all times own, pledge and grant a first-priority security interest to the Collateral Trustee, for the benefit
of the Secured Parties, in 100% of the Equity Interests of any Funded L/C SPV then in existence owned directly or indirectly by
the Borrower (other than any preferred interests owned by any LC Issuer or other Persons on behalf of, or at the request of, any
LC Issuer in connection with Cash Collateralized Letter of Credit Facilities).

 

Section
5.12.             Maintenance
of Energy Regulatory Authorizations and Status.
(a)  Each of the FPA-Jurisdictional Subsidiary Guarantors shall maintain and preserve its (i) FPA MBR Authorizations,
Exemptions and Waivers and (ii) status as either an EWG within the meaning of PUHCA or the status of its Facility as a QF under
PURPA, except to the extent failure to do so could not reasonably be expected to have a Material Adverse Effect.

 

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(b)               
Each of the Non-FPA-Jurisdictional Subsidiary Guarantors shall maintain and preserve its
(i) Non-FPA Sales Authorizations and (ii) status as either an EWG within the meaning of PUHCA or the status of its Facility as
a QF under PURPA, except to the extent failure to do so could not reasonably be expected to have a Material Adverse Effect.

 

ARTICLE
VI.

 

Negative Covenants

 

The Borrower covenants
and agrees with each Lender that, so long as this Agreement shall remain in effect and until the Commitments have been terminated
and the principal of and interest on each Loan, all Fees and all other expenses or amounts payable under any Loan Document (other
than indemnification and other contingent obligations that expressly survive pursuant to the terms of any Loan Document, in each
case, not then due and payable) shall have been paid in full and all Letters of Credit have been cancelled or have expired and
all amounts drawn thereunder have been reimbursed in full or reimbursement thereof shall have been cash-collateralized in an amount
equal to 103% of the Revolving L/C Exposure as of such time, the Borrower will not, nor (except with respect to Section 6.08 which
applies only to the Borrower) will it cause or permit any of its Restricted Subsidiaries to:

 

Section
6.01.             Incurrence
of Indebtedness and Issuance of Preferred Stock.
(a)  Directly or indirectly, create, incur, issue, assume, guarantee or otherwise become directly or indirectly
liable, contingently or otherwise, with respect to (collectively, “incur”) any Indebtedness (including Acquired
Debt), and the Borrower shall not issue any Disqualified Stock and shall not permit any of its Restricted Subsidiaries to issue
any shares of preferred stock; provided, however, that the Borrower may incur Indebtedness (including Acquired Debt)
or issue Disqualified Stock, and any Restricted Subsidiary may incur Indebtedness (including Acquired Debt) or issue preferred
stock, if the Fixed Charge Coverage Ratio for the Borrower’s most recently ended four full fiscal quarters for which internal
financial statements are publicly available immediately preceding the date on which such additional Indebtedness is incurred or
such Disqualified Stock or preferred stock is issued would have been at least 2.00 to 1.00, determined on a pro forma basis (including
a pro forma application of the net proceeds therefrom), as if the additional Indebtedness (including Acquired Debt) had been incurred
or the Disqualified Stock or preferred stock had been issued, as the case may be, at the beginning of such four-quarter period.

 

(b)               
The provisions of Section 6.01(a) shall not prohibit the incurrence of any of the following items of Indebtedness (collectively,
“Permitted Debt”):

 

(i)                
(A) the incurrence of Indebtedness and Letters of Credit hereunder and under the other Loan Documents (other than any Indebtedness
and Letters of Credit arising from New Commitments pursuant to and in accordance with Section 2.24) and (B) the incurrence by the
Borrower, any Subsidiary Guarantor and any Excluded Subsidiary pursuant to and in accordance with clause (c) of the definition
thereof (and the guarantee thereof by the Borrower, the Subsidiary Guarantors and/or any Excluded Subsidiary pursuant to and in
accordance with clause (c) of the definition thereof) of Indebtedness and letters of credit under other Credit Facilities and Indebtedness
and Letters of Credit arising from New Commitments pursuant to and in accordance with Section 2.24 in an aggregate principal amount
at any one time outstanding under this clause (i)(B) (with letters of credit being deemed to have a principal amount equal to the
maximum potential liability of the Borrower and its Restricted Subsidiaries thereunder) not to exceed the difference between (x)
$10,000,000,000 and (y) the aggregate principal amount at such time outstanding under clause (i)(A) above less the aggregate amount
of all repayments, optional or mandatory, of

 

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the principal of any term Indebtedness under a Credit
Facility that have been made by the Borrower or any of its Restricted Subsidiaries since the Issue Date with the Net Proceeds of
Asset Sales (other than Excluded Proceeds) and less, without duplication, the aggregate amount of all repayments or commitment
reductions with respect to any revolving credit borrowings under a Credit Facility that have been made by the Borrower or any of
its Restricted Subsidiaries since the Issue Date as a result of the application of the Net Proceeds of Asset Sales (other than
Excluded Proceeds), in each case in accordance with Sections 2.13(b) and 6.04 (excluding temporary reductions in revolving credit
borrowings as contemplated by Section 6.04);

 

(ii)              
the incurrence by the Borrower and its Restricted Subsidiaries of the Existing Indebtedness;

 

(iii)            
the incurrence by the Borrower of Indebtedness represented by the Senior Notes and the Senior Secured Notes issued on or
prior to the Fourth Amendment Effective Date and the related Guarantees thereof by the Subsidiary Guarantors and any Excluded Subsidiary
pursuant to and in accordance with clause (c) of the definition thereof;

 

(iv)             
the incurrence by the Borrower or any of its Restricted Subsidiaries of Indebtedness represented by Capital Lease Obligations,
mortgage financings or purchase money obligations, in each case, incurred for the purpose of financing all or any part of the purchase
price or cost of design, construction, installation or improvement or lease of property (real or personal), plant or equipment
used or useful in the business of the Borrower or any of its Restricted Subsidiaries or incurred within 180 days thereafter, in
an aggregate principal amount, including all Permitted Refinancing Indebtedness incurred to refund, refinance, replace, defease
or discharge any Indebtedness incurred pursuant to this clause (iv), not to exceed at any time outstanding 5.00% of Total Assets;

 

(v)               
the incurrence by the Borrower or any of its Restricted Subsidiaries of Permitted Refinancing Indebtedness in exchange for,
or the net proceeds of which are used to refund, refinance, replace, defease or discharge Indebtedness (other than intercompany
Indebtedness) that was permitted by this Agreement to be incurred under Section 6.01(a) or Section 6.01(b)(ii), 6.01(b)(iii), 6.01(b)(iv),
6.01(b)(v), 6.01(b)(xv), 6.01(b)(xvi), 6.01(b)(xvii), 6.01(b)(xviii), 6.01(b)(xix) and 6.01(b)(xxii);

 

(vi)             
the incurrence by the Borrower or any of its Restricted Subsidiaries of intercompany Indebtedness
between or among the Borrower and any of its Restricted Subsidiaries; provided, however,
that:

 

(1)               
if the Borrower or any Subsidiary Guarantor is the obligor on such Indebtedness and the payee is not the Borrower or a Subsidiary
Guarantor, such Indebtedness must be expressly subordinated to the prior payment in full in cash of all Guaranteed Obligations;
and

 

(2)               
(A) any subsequent issuance or transfer of Equity Interests that results in any such Indebtedness being held by a Person
other than the Borrower or a Restricted Subsidiary and (B) any sale or other transfer of any such Indebtedness to a Person that
is not either the Borrower or a Restricted Subsidiary;

 

will be deemed,
in each case, to constitute an incurrence of such Indebtedness by the Borrower or such Restricted Subsidiary, as the case may be,
that was not permitted by this clause (vi);

 

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(vii)           
the issuance by any of the Borrower’s Restricted Subsidiaries to the Borrower or to
any of its Restricted Subsidiaries of shares of preferred stock; provided, however, that:

 

(1)               
any subsequent issuance or transfer of Equity Interests that results in any such preferred stock being held by a Person
other than the Borrower or a Restricted Subsidiary; and

 

(2)               
any sale or other transfer of any such preferred stock to a Person that is not either the Borrower or a Restricted Subsidiary;

 

will be deemed,
in each case, to constitute an issuance of such preferred stock by such Restricted Subsidiary that was not permitted by this clause
(vii);

 

(viii)         
the incurrence by the Borrower or any of its Restricted Subsidiaries of Hedging Obligations;

 

(ix)             
the Guarantee by (i) the Borrower or any of the Subsidiary Guarantors of Indebtedness of the Borrower or a Subsidiary Guarantor
that was permitted to be incurred by another provision of this Section 6.01; (ii) any of the Excluded Project Subsidiaries
of Indebtedness of any other Excluded Project Subsidiary; and (iii) any of the Excluded Foreign Subsidiaries of Indebtedness of
any other Excluded Foreign Subsidiary; provided that if the Indebtedness being guaranteed
is subordinated to or pari passu with the Guaranteed Obligations, then the guarantee shall be subordinated to the same extent as
the Indebtedness guaranteed;

 

(x)               
the incurrence by the Borrower or any of its Restricted Subsidiaries of Indebtedness arising from the honoring by a bank
or other financial institution of a check, draft or similar instrument (except in the case of daylight overdrafts) inadvertently
drawn against insufficient funds in the ordinary course of business, so long as such Indebtedness is covered within five Business
Days;

 

(xi)             
the incurrence by the Borrower or any of its Restricted Subsidiaries of Indebtedness in
respect of (i) workers’ compensation claims, self-insurance obligations, bankers’ acceptance and (ii) performance and
surety bonds provided by the Borrower or a Restricted Subsidiary in the ordinary course of business;

 

(xii)           
the incurrence of Non-Recourse Debt by any Excluded Project Subsidiary, and any Non-Recourse
Guarantee in respect thereof;

 

(xiii)         
the incurrence of Indebtedness that may be deemed to arise as a result of agreements of the Borrower or any Restricted Subsidiary
providing for indemnification, adjustment of purchase price or any similar obligations, in each case, incurred in connection with
the disposition of any business, assets or Equity Interests of any Subsidiary; provided
that the aggregate maximum liability associated with such provisions may not exceed the gross proceeds (including non-cash proceeds)
of such disposition; 

 

(xiv)         
the incurrence by the Borrower or any Restricted Subsidiary of Indebtedness represented by letters of credit, guarantees
or other similar instruments supporting Hedging Obligations of the Borrower or any of its Restricted Subsidiaries (other than Excluded
Subsidiaries) permitted to be incurred by this Agreement;

 

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(xv)           
Indebtedness, Disqualified Stock or preferred stock of Persons or assets that are acquired
by the Borrower or any Restricted Subsidiary or merged into the Borrower or a Restricted Subsidiary in accordance with the terms
of this Agreement; provided that such Indebtedness, Disqualified Stock or preferred stock is not incurred in contemplation
of such acquisition or merger; and provided, further, that
after giving effect to such acquisition or merger, either: 

 

(1)               
the Borrower would be permitted to incur at least $1.00 of additional Indebtedness pursuant
to the Fixed Charge Coverage Ratio test set forth in Section 6.01(a); or

 

(2)               
the Fixed Charge Coverage Ratio would be greater than immediately prior to such acquisition or merger;

 

(xvi)         
Environmental CapEx Debt; provided that prior to the incurrence of any Environmental
CapEx Debt, the Borrower shall deliver to the Administrative Agent an Officers’ Certificate designating such Indebtedness
as Environmental CapEx Debt;

 

(xvii)       
Indebtedness incurred to finance Necessary Capital Expenditures; provided
that prior to the incurrence of any Indebtedness to finance Necessary Capital Expenditures, the Borrower shall deliver to the Administrative
Agent an Officers’ Certificate designating such Indebtedness as Necessary CapEx Debt;

 

(xviii)     
Indebtedness of the Borrower or any Restricted Subsidiary consisting of (i) the financing of insurance premiums or (ii)
take-or-pay obligations contained in supply arrangements, in each case, in the ordinary course of business;

 

(xix)         
the incurrence by the Borrower or any of its Restricted Subsidiaries of Contribution Indebtedness;

 

(xx)           
the incurrence by the Borrower and/or any of its Restricted Subsidiaries of Indebtedness that constitutes a Permitted Tax
Lease;

 

(xxi)         
the issuance of Third Party Securities by a Securitization Vehicle and the incurrence of Securitization Related Indebtedness
in an aggregate principal amount not to exceed $1,700,000,000 at any time outstanding and to the extent constituting Indebtedness,
any Standard Securitization Undertaking relating thereto;

 

(xxii)       
the incurrence by the Borrower and/or any of its Restricted Subsidiaries of additional Indebtedness in an aggregate principal
amount (or accreted value, as applicable) at any time outstanding, including all Permitted Refinancing Indebtedness incurred to
refund, refinance, replace, defease or discharge any Indebtedness incurred pursuant to this clause (xxii), not to exceed the greater
of (x) $1,000,000,000 and (y) 3.50% of Total Assets;

 

(xxiii)     
the incurrence by the Borrower and/or any of its Restricted Subsidiaries of secured or unsecured notes and/or loans (and/or
commitments in respect thereof) issued or incurred in lieu of New Commitments (such notes or loans “Incremental Equivalent
Debt”); provided that (i) the aggregate outstanding principal amount (or committed amount, if applicable) of all
Incremental Equivalent Debt shall not exceed the Maximum Incremental Amount less the aggregate principal amount of New Commitments
(and loans made pursuant to such New Commitments) established pursuant to Section 2.24, (ii) any Incremental Equivalent Debt that
is secured shall be secured only by the Collateral and on

 

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a pari passu or junior basis with the Collateral securing the Obligations,
and shall be subject to a customary intercreditor agreement reasonably acceptable to the Administrative Agent and the Borrower,
(iii) no Incremental Equivalent Debt may be guaranteed by any Person that is not a Loan Party or secured by any assets other than
the Collateral (other than cash collateral or letters of credit, which may be used as exclusive security); (iv) the final maturity
date of such Incremental Equivalent Debt shall be, in the case of revolving facilities, no earlier than the latest Revolving Maturity
Date and, in the case of term loans or notes, no earlier than the Latest Maturity Date of all Classes of Loans or Commitments;
(v) the Weighted Average Life to Maturity of such Incremental Equivalent Debt in the form of term loans or notes shall be no shorter
than the remaining Weighted Average Life to Maturity of the then-existing Term Loans (without giving effect to any prepayments
thereof); (vi) no Event of Default shall immediately before or immediately after giving effect to the incurrence of such Incremental
Equivalent Debt, (vii) the covenants and defaults applicable to such Incremental Equivalent Debt (excluding pricing and optional
prepayment or redemption terms), when taken as a whole, are no more restrictive than those applicable to the then-existing Term
Loans and Revolving Commitments (except for covenants or other provisions applicable only after the Latest Maturity Date of all
Classes of Loans or Commitments), (viii) (A) any prepayment (other than any scheduled amortization payment) of Incremental Equivalent
Debt in the form of term loans or notes that is pari passu with any then-existing Term Loans in right of payment and security shall
be made on a pro rata basis with such existing Term Loans and (B) any prepayment (other than any scheduled amortization payment)
of Incremental Equivalent Debt in the form of term loans or notes that is subordinated to any then-existing Term Loans in right
of payment or security shall be made on a junior basis with respect to such existing Term Loans, except, in each case, that the
Borrower and the lenders providing the relevant Incremental Equivalent Debt shall be permitted, in their sole discretion, to elect
to prepay or receive, as applicable, any prepayments on a less than pro rata basis (but not on a greater than pro rata basis) and
(ix) any Incremental Equivalent Debt incurred during a Collateral Release Period shall be unsecured and may be subject to substantially
the same provisions with respect to a Collateral Reinstatement Event and subsequent Collateral Release Event as the Revolving Loans;
and

 

(xxiv)     
the incurrence of Indebtedness by the Borrower or any Restricted Subsidiary under any Liquidity Facility in an aggregate
principal amount (or accreted value, as applicable) not to exceed $600,000,000 at any time outstanding.

 

(c)               
Incur any Indebtedness (including Permitted Debt) that is contractually subordinated in
right of payment to any other Indebtedness of the Borrower or any Subsidiary Guarantor unless such Indebtedness is also contractually
subordinated in right of payment to the Guaranteed Obligations on substantially identical terms; provided, however,
that no Indebtedness of the Borrower shall be deemed to be contractually subordinated in right of payment to any other Indebtedness
of the Borrower solely by virtue of being unsecured or by virtue of being secured on a first or junior Lien basis.

 

(d)               
For purposes of determining compliance with this Section 6.01, in the event that an item
of proposed Indebtedness meets the criteria of more than one of the categories of Permitted Debt described in Sections 6.01(b)(i)
through 6.01(b)(xxii), or is entitled to be incurred pursuant to Section 6.01(a), the Borrower shall be permitted to classify such
item of Indebtedness on the date of its incurrence, or later reclassify all or a portion of such item of Indebtedness, in any manner
that complies with this Section 6.01. Indebtedness under this Agreement outstanding on the Closing Date will initially be deemed
to have been incurred on such date in reliance on the exception provided by Section 6.01(b)(i). The accrual of interest, the accretion
or amortization of original

 

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issue discount, the payment of interest on any Indebtedness in the form of additional Indebtedness
with the same terms, and the payment of dividends on Disqualified Stock in the form of additional shares of the same class of Disqualified
Stock shall not be deemed to be an incurrence of Indebtedness or an issuance of Disqualified Stock for purposes of this Section
6.01; provided, in each such case, that the amount thereof is included in the Fixed Charges of the Borrower as accrued.

 

(e)               
For purposes of determining compliance with any U.S. dollar-denominated restriction on the incurrence of Indebtedness, the
U.S. dollar-equivalent principal amount of Indebtedness denominated in a foreign currency will be calculated based on the relevant
currency exchange rate in effect on the date such Indebtedness was incurred; provided
that if such Indebtedness is incurred to refinance other Indebtedness denominated in a foreign currency, and such refinancing would
cause the applicable U.S. dollar-dominated restriction to be exceeded if calculated at the relevant currency exchange rate in effect
on the date of such refinancing, such U.S. dollar-dominated restriction shall be deemed not to have been exceeded so long as the
principal amount of such refinancing Indebtedness does not exceed the principal amount of the Indebtedness being refinanced.

 

(f)                
The amount of any Indebtedness outstanding as of any date will be (i) the accreted value of the Indebtedness, in the case
of any Indebtedness issued with original issue discount; (ii) the principal amount of the Indebtedness, in the case of any other
Indebtedness; and (iii) in respect of Indebtedness of another Person secured by a Lien on the assets of the specified Person, the
lesser of (x) the Fair Market Value of such asset at the date of determination and (y) the amount of the Indebtedness of the other
Person; provided that any changes in any of the above shall not give rise to a default under
this Section 6.01.

 

Section
6.02.             Liens.
Create, incur, assume or otherwise cause or suffer to exist or become effective any Lien of any kind (other than Permitted Liens)
upon any of their property or assets, now owned or hereafter acquired, unless, to the extent any such Liens are created, incurred
or otherwise become effective during a Collateral Release Period, all Guaranteed Obligations are secured on an equal and ratable
basis with the other obligations secured by such Lien.

 

Section
6.03.             Limitation
on Sale and Leaseback Transactions. Enter
into any sale and leaseback transaction (other than (x) a Permitted Tax Lease, which shall not be restricted by this Section 6.03
and (y) any sale and leaseback transaction existing on the Closing Date and set forth on Schedule 6.03); provided
that the Borrower or any Restricted Subsidiary may enter into a sale and leaseback transaction if:

 

(a)               
the Borrower or that Restricted Subsidiary, as applicable, could have (a) incurred Indebtedness
in an amount equal to the Attributable Debt relating to such sale and leaseback transaction under the provisions of Section 6.01
and (b) incurred a Lien to secure such Indebtedness pursuant to Section 6.02;

 

(b)               
the gross proceeds of that sale and leaseback transaction are at least equal to the Fair
Market Value of the property that is the subject of that sale and leaseback transaction, as determined in good faith by a Financial
Officer of the Borrower; and

 

(c)               
if such sale and leaseback transaction constitutes an Asset Sale, the transfer of assets
in that sale and leaseback transaction is permitted by, and the Borrower applies the proceeds of such transaction in compliance
with, the provisions of Sections 2.13(b) and 6.04.

 

Section
6.04.             Asset Sales.
(a)  Consummate an Asset Sale unless:

 

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(i)                
the Borrower (or the Restricted Subsidiary, as the case may be) receives consideration at
the time of the Asset Sale at least equal to the Fair Market Value of the assets or Equity Interests issued or sold or otherwise
disposed of; and

 

(ii)              
at least 75% of the consideration received in the Asset Sale by the Borrower or such Restricted Subsidiary is in the form
of cash. For purposes of this clause (ii), each of the following will be deemed to be cash:

 

(1)               
any liabilities, as shown on the Borrower’s most recent consolidated balance sheet, of the Borrower or any Restricted
Subsidiary (other than contingent liabilities and liabilities that are by their terms subordinated to the Guaranteed Obligations)
that are assumed by the transferee of any such assets pursuant to a customary novation agreement that releases the Borrower or
such Restricted Subsidiary from further liability;

 

(2)               
any securities, notes or other obligations received by the Borrower or any such Restricted Subsidiary from such transferee
that are converted by the Borrower or such Restricted Subsidiary into cash within 180 days of the receipt of such securities, notes
or other obligations, to the extent of the cash received in that conversion;

 

(3)               
any stock or assets of the kind referred to in Section 6.04(b)(ii) or 6.04(b)(iv); and

 

(4)               
any Designated Non-Cash Consideration received by the Borrower or any Restricted Subsidiary in such Asset Sale having an
aggregate Fair Market Value that is at the time outstanding, not to exceed the greater of (x) $500,000,000 and (y) 2.50% of Total
Assets at the time of the receipt of such Designated Non-Cash Consideration, with the Fair Market Value of each item of Designated
Non-Cash Consideration being measured at the time received and without giving effect to subsequent changes in value.

 

(b)               
Within 365 days after the receipt of any Net Proceeds from an Asset Sale, other than Excluded Proceeds, the Borrower (or
the applicable Restricted Subsidiary, as the case may be) may apply such Net Proceeds or, at its option, enter into a binding commitment
to apply such Net Proceeds within the 365-day period following the date of such commitment (an “Acceptable
Commitment”):

 

(i)                
in the case of an Asset Sale by a Restricted Subsidiary that is not a Subsidiary Guarantor, to repay Indebtedness of a Restricted
Subsidiary that is not a Subsidiary Guarantor (other than Indebtedness owed to the Borrower or another Restricted Subsidiary);

 

(ii)              
to voluntarily prepay or repurchase Term Loans, New Term Loans or Refinancing Term Loans
(in each case, to the extent such prepayment or repurchase is made at par);

 

(iii)            
to acquire all or substantially all of the assets of, or any Capital Stock of, another Person
engaged primarily in a Permitted Business, if, after giving effect to any such acquisition of Capital Stock, such Person is or
becomes a Restricted Subsidiary and a Subsidiary Guarantor;

 

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(iv)             
to make a capital expenditure;

 

(v)               
to acquire other assets that are not classified as current assets under GAAP and that are used or useful in a Permitted
Business; or

 

(vi)             
any combination of the foregoing.

 

Pending the
final application of such Net Proceeds in accordance with this Section 6.04, the Borrower may temporarily reduce revolving credit
borrowings (including, for the avoidance of doubt, Revolving Borrowings) or otherwise use the Net Proceeds in any manner that is
not prohibited by this Agreement.

 

(c)               
Notwithstanding the preceding paragraph, in the event that regulatory approval is necessary for an asset or investment,
or construction, repair or restoration of any asset or investment has commenced, then the Borrower or any Restricted Subsidiary
shall have an additional 365 days to apply the Net Proceeds from such Asset Sale in accordance with the preceding paragraph.

 

(d)               
Any Acceptable Commitment that is later canceled or terminated for any reason before such Net Proceeds are so applied shall
be treated as a permitted application of the Net Proceeds if the Borrower or such Restricted Subsidiary enters into another Acceptable
Commitment within the later of (a) nine months of such cancellation or termination or (b) the end of the initial 365-day period.

 

(e)               
Any Net Proceeds from Asset Sales received after the Closing Date (other than Excluded Proceeds) that are not applied or
invested as provided in this Section 6.04 shall constitute “Excess Proceeds.”
When the aggregate amount of Excess Proceeds exceeds $100,000,000, or on such earlier date as may be selected by the Borrower,
the Borrower will make an Asset Sale Offer to all Term Lenders, New Term Lenders and Refinancing Term Lenders and, at the election
of the Borrower, to holders of other Indebtedness under one or more Credit Facilities that are pari passu with the Guaranteed Obligations
and constitutes Priority Lien Debt (as defined in the Collateral Trust Agreement) containing provisions similar to those set forth
in this Agreement with respect to offers to prepay, purchase or redeem with the proceeds of sales of assets to prepay or purchase
the maximum principal amount of Term Loans, New Term Loans and Refinancing Term Loans then outstanding and such other pari passu
Indebtedness that may be prepaid or purchased out of the Excess Proceeds (an “Asset Sale
Offer”), which prepayment shall be made, in the case of Term Loans, New Term Loans and Refinancing Term Loans,
pursuant to and in accordance with Section 2.13(b). The offer price in any Asset Sale Offer will be equal to 100% of the principal
amount plus accrued and unpaid interest to the date of prepayment, purchase or redemption and will be payable in cash. If any Excess
Proceeds remain after consummation of an Asset Sale Offer, the Borrower may use those Excess Proceeds for any purpose not otherwise
prohibited by this Agreement. If the aggregate principal amount of the Term Loans, New Term Loans, Refinancing Term Loans and,
if applicable, such other pari passu Indebtedness accepting such Asset Sale Offer exceeds the amount of Excess Proceeds, such prepayment
or purchase shall be made on a pro rata basis with respect thereto. Upon completion of each Asset Sale Offer, the amount of Excess
Proceeds will be reset at zero.

 

(f)                
Notwithstanding anything to the contrary herein, clauses (b), (c), (d) and (e) of this Section 6.04 (i) shall only apply
with respect to New Term Loans and Refinancing Term Loans to the extent specified in the applicable Joinder and (ii) shall not
in any event apply if the Consolidated First Lien Leverage Ratio for the Borrower’s most recently ended four full fiscal
quarters for which internal financial statements are publicly available immediately preceding the date of the consummation of the
relevant Asset Sale is incurred would have been less than 2.00 to 1.00,

 

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determined on a pro forma basis (including a pro forma
application of the net proceeds therefrom), as if such Asset Sale had been consummated at the beginning of such four-quarter period.

 

Section
6.05.             Dividend
and Other Payment Restrictions Affecting Subsidiaries.
(a)  Directly or indirectly, create or permit to exist or become effective any consensual encumbrance or restriction
on the ability of any Restricted Subsidiary (other than an Excluded Subsidiary) to:

 

(i)                
pay dividends or make any other distributions on its Capital Stock to the Borrower or any
of its Restricted Subsidiaries (other than Excluded Subsidiaries), or with respect to any other interest or participation in, or
measured by, its profits, or pay any indebtedness owed to the Borrower or any of its Restricted Subsidiaries (other than Excluded
Subsidiaries);

 

(ii)              
make loans or advances to the Borrower or any of its Restricted Subsidiaries (other than
Excluded Subsidiaries); or 

 

(iii)            
transfer any of its properties or assets to the Borrower or any of its Restricted Subsidiaries
(other than Excluded Subsidiaries).

 

(b)               
The restrictions in Section 6.05(a) above shall not apply to encumbrances or restrictions existing under or by reason of:

 

(i)                
this Agreement and other agreements governing Existing Indebtedness on the Closing Date;

 

(ii)              
the Senior Notes Documents, the Additional Senior Notes Documents and any documents relating
to the Senior Secured Notes;

 

(iii)            
applicable law, rule, regulation or order; 

 

(iv)             
customary non-assignment provisions in contracts, agreements, leases, permits and licenses;

 

(v)               
purchase money obligations for property acquired and Capital Lease Obligations that impose restrictions on the property
purchased or leased of the nature described in Section 6.05(a)(iii);

 

(vi)             
any agreement for the sale or other disposition of the stock or assets of a Restricted Subsidiary
that restricts distributions by that Restricted Subsidiary pending the sale or other disposition; 

 

(vii)           
Permitted Refinancing Indebtedness; provided that the restrictions contained
in the agreements governing such Permitted Refinancing Indebtedness are not materially more restrictive, taken as a whole, than
those contained in the agreements governing the Indebtedness being refinanced;

 

(viii)         
Liens permitted to be incurred under Section 6.02 and associated agreements that limit the right of the debtor to dispose
of the assets subject to such Liens;

 

(ix)             
provisions limiting the disposition or distribution of assets or property in joint venture, partnership, membership, stockholder
and limited liability company agreements, asset sale agreements, sale-leaseback agreements, stock sale agreements and

 

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other similar
agreements, including owners’, participation or similar agreements governing projects owned through an undivided interest,
which limitation is applicable only to the assets that are the subject of such agreements;

 

(x)               
restrictions on cash or other deposits or net worth imposed by customers under contracts entered into in connection with
a Permitted Business;

 

(xi)             
restrictions or conditions contained in any trading, netting, operating, construction, service, supply, purchase, sale or
similar agreement to which the Borrower or any Restricted Subsidiary is a party entered into in connection with a Permitted Business;
provided that such agreement prohibits the encumbrance of solely the property or
assets of the Borrower or such Restricted Subsidiary that are the subject of that agreement, the payment rights arising thereunder
and/or the proceeds thereof and not to any other asset or property of the Borrower or such Restricted Subsidiary or the assets
or property of any other Restricted Subsidiary;

 

(xii)           
any instrument governing Indebtedness or Capital Stock of a Person acquired by the Borrower or any of its Restricted Subsidiaries
as in effect at the time of such acquisition (except to the extent such Indebtedness or Capital Stock was incurred in connection
with or in contemplation of such acquisition), which encumbrance or restriction is not applicable to any Person, or the properties
or assets of any Person, other than the Person, or the property or assets of the Person, so acquired; provided
that, in the case of Indebtedness, such Indebtedness was permitted by the terms of this Agreement to be incurred;

 

(xiii)         
Indebtedness of a Restricted Subsidiary existing at the time it became a Restricted Subsidiary
if such restriction was not created in connection with or in anticipation of the transaction or series of transactions pursuant
to which such Restricted Subsidiary became a Restricted Subsidiary or was acquired by the Borrower; 

 

(xiv)         
with respect only to Section 6.05(a)(iii), restrictions encumbering property at the time such property was acquired by the
Borrower or any of its Restricted Subsidiaries, so long as such restriction relates solely to the property so acquired and was
not created in connection with or in anticipation of such acquisition;

 

(xv)           
provisions limiting the disposition or distribution of assets or property in agreements governing Non-Recourse Debt, which
limitation is applicable only to the assets that are the subject of such agreements;

 

(xvi)         
customary restrictions created in connection with any Permitted Securitization Indebtedness permitted under Section 6.01(b)(xxi)
that, in the good faith determination of a Responsible Officer of the Borrower, are necessary or advisable to effect such Permitted
Securitization Indebtedness; and

 

(xvii)       
any encumbrance or restrictions of the type referred to in Sections 6.05(a)(i), 6.05(a)(ii) and 6.05(a)(iii) imposed by
any amendments, modifications, restatements, renewals, increases, supplements, refundings, replacements or refinancings of the
contracts, instruments or obligations referred to in clauses (i) through (xvi) above; provided
that such amendments, modifications, restatements, renewals, increases, supplements, refundings, replacements or refinancings are,
in the good faith judgment of a Financial Officer of the Borrower, no more restrictive with respect to such dividend and other
payment restrictions than those contained in the dividend or other payment

 

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restrictions prior to such amendment, modification,
restatement, renewals, increase, supplement, refunding, replacement or refinancing.

 

Section
6.06.             Restricted
Payments. (a)  Directly or
indirectly (w) declare or pay any dividend or make any other payment or distribution on account of the Borrower’s or any
of its Restricted Subsidiaries’ Equity Interests (including any payment in connection with any merger or consolidation involving
the Borrower or any of its Restricted Subsidiaries) or to the direct or indirect holders of the Borrower’s or any of its
Restricted Subsidiaries’ Equity Interests in their capacity as such (other than dividends or distributions payable in Equity
Interests (other than Disqualified Stock) of the Borrower or to the Borrower or a Restricted Subsidiary); (x) purchase, redeem
or otherwise acquire or retire for value (including in connection with any merger or consolidation involving the Borrower) any
Equity Interests of the Borrower or any direct or indirect parent of the Borrower (other than any such Equity Interests owned by
the Borrower or any Restricted Subsidiary); (y) make any payment on or with respect to, or purchase, redeem, defease or otherwise
acquire or retire for value any Indebtedness of the Borrower or any Subsidiary Guarantor that is contractually subordinated to
the Guaranteed Obligations (excluding any intercompany Indebtedness between or among the Borrower and any of its Restricted Subsidiaries),
except (1) a payment of interest or principal at the Stated Maturity thereof, (2) a payment, purchase, redemption, defeasance,
acquisition or retirement of any subordinated Indebtedness in anticipation of satisfying a sinking fund obligation, principal installment
or payment at final maturity, in each case due within one year of the date of payment, purchase, redemption, defeasance, acquisition
or retirement or (3) AHYDO Catch-Up Payments; or (z) make any Restricted Investment (all such payments and other actions set forth
in these clauses (w) through (z) above being collectively referred to as “Restricted Payments”), unless, at
the time of and after giving effect to such Restricted Payment:

 

(i)                
no Default or Event of Default has occurred and is continuing or would occur as a consequence of such Restricted Payment;
and

 

(ii)              
on a pro forma basis after giving effect to such Restricted Payment and any transaction
related thereto, the Debt to Cash Flow Ratio would not have exceeded 5.75 to 1.00; and

 

(iii)            
such Restricted Payment, together with the aggregate amount of all other Restricted Payments made by the Borrower and its
Restricted Subsidiaries since the Original Issue Date (excluding Restricted Payments permitted by Sections 6.06(b)(ii), 6.06(b)(iii),
6.06(b)(iv), 6.06(b)(vi), 6.06(b)(vii), 6.06(b)(viii), 6.06(b)(ix), 6.06(b)(x) and 6.06(b)(xi)), is less than the sum, without
duplication, of:

 

(1)               
Consolidated Cash Flow of the Borrower, minus 140% of Consolidated Interest Expense of the
Borrower, in each case for the period (taken as one accounting period) from March 31, 2009 to the end of the Borrower’s most
recently ended fiscal quarter for which financial statements are publicly available at the time of such Restricted Payment, plus

 

(2)               
100% of the Fair Market Value of any property or assets and the aggregate net cash proceeds,
in each case received by the Borrower or any of its Restricted Subsidiaries since the Original Issue Date in exchange for Qualifying
Equity Interests or from the issue or sale of Qualifying Equity Interests of the Borrower (other than Disqualified Stock) or from
the issue or sale of convertible or exchangeable Disqualified Stock or convertible or exchangeable debt securities of the Borrower
that have been converted into or exchanged for such Qualifying

 

    136 

     

    

 

Equity Interests (other than Qualifying Equity Interests (or Disqualified
Stock or debt securities) sold to a Subsidiary), plus

 

(3)               
to the extent that any Restricted Investment that was made after the Original Closing Date
is sold for cash or otherwise liquidated or repaid for cash after the Original Issue Date, the cash return with respect to such
Restricted Investment (less the cost of disposition, if any) to the extent not already included in the Consolidated Cash Flow of
the Borrower since the Original Issue Date, plus

 

(4)               
100% of any cash received by the Borrower or a Restricted Subsidiary after the Original
Issue Date from an Unrestricted Subsidiary, to the extent that such cash was not otherwise included in Consolidated Cash Flow of
the Borrower for such period, plus

 

(5)               
to the extent that any Unrestricted Subsidiary is redesignated as a Restricted Subsidiary after the Original Issue Date,
the Fair Market Value of the Borrower’s Investment in such Subsidiary as of the date of such redesignation.

 

(b)               
The provisions of Section 6.06(a) shall not prohibit:

 

(i)                
the payment of any dividend within 90 days after the date of declaration of the dividend, if at the date of declaration
the dividend payment would have complied with the provisions of this Agreement;

 

(ii)              
so long as no Default has occurred and is continuing or would be caused thereby, the making of any Restricted Payment in
exchange for, or out of the aggregate proceeds of the substantially concurrent sale (other than to a Subsidiary) of, Equity Interests
of the Borrower (other than Disqualified Stock) or from the contribution of equity capital (unless such contribution would constitute
Disqualified Stock) to the Borrower; provided that the amount of any such proceeds
that are utilized for any such Restricted Payment will be excluded from clause 6.06(a)(y)(2);

 

(iii)            
so long as no Default has occurred and is continuing or would be caused thereby, the defeasance, redemption, repurchase
or other acquisition of Indebtedness of the Borrower or any Subsidiary Guarantor that is contractually subordinated to the Guaranteed
Obligations with the proceeds from a substantially concurrent incurrence of Permitted Refinancing Indebtedness;

 

(iv)             
the payment of any dividend (or, in the case of any partnership or limited liability company, any similar distribution)
by a Restricted Subsidiary to the holders of its Equity Interests on a pro rata basis (including, for the avoidance of doubt, any
such payment of any dividend or similar distribution by the Funded L/C SPV);

 

(v)               
so long as no Default has occurred and is continuing or would be caused thereby, (A) the repurchase, redemption or other
acquisition or retirement for value of any Equity Interests of the Borrower or any Restricted Subsidiary held by any current or
former officer, director or employee of the Borrower or any of its Restricted Subsidiaries pursuant to any equity subscription
agreement, stock option agreement, severance agreement, shareholders’ agreement or similar agreement, employee benefit plan
or (B) the cancellation of Indebtedness owing to the Borrower or any of its Restricted Subsidiaries from any current or former
officer, director or employee of the Borrower or any of its Restricted Subsidiaries in connection with a repurchase of Equity Interests
of the Borrower

 

    137 

     

    

 

or any of its Restricted Subsidiaries; provided that the aggregate
price paid for the actions in clause (A) may not exceed $10,000,000 in any twelve-month period (with unused amounts in any period
being carried over to succeeding periods) and may not exceed $50,000,000 in the aggregate since the Closing Date; provided,
further, that (1) such amount in any calendar year may be increased by the cash proceeds of “key man” life insurance
policies received by the Borrower and its Restricted Subsidiaries after the Closing Date less any amount previously applied to
the making of Restricted Payments pursuant to this Section 6.06(b)(v) since the Closing Date and (2) cancellation of the Indebtedness
owing to the Borrower from employees, officers, directors and consultants of the Borrower or any of its Restricted Subsidiaries
in connection with a repurchase of Equity Interests of the Borrower from such Persons shall be permitted under this Section 6.06(b)(v)
as if it were a repurchase, redemption, acquisition or retirement for value subject hereto;

 

(vi)             
the repurchase of Equity Interests in connection with the exercise of stock options to the extent such Equity Interests
represent a portion of the exercise price of those stock options and the repurchases of Equity Interests in connection with the
withholding of a portion of the Equity Interests granted or awarded to an employee to pay for the taxes payable by such employee
upon such grant or award;

 

(vii)           
so long as no Default has occurred and is continuing or would be caused thereby, the declaration and payment of regularly
scheduled or accrued dividends to holders of any class or series of (A) preferred stock outstanding on the Closing Date, (B) Disqualified
Stock of the Borrower or any Restricted Subsidiary issued on or after the Issue Date in accordance with the terms of this Agreement
or (C) preferred stock issued on or after the Issue Date in accordance with the terms of this Agreement or, in the event that any
of the instruments described in (A) through (C) above have been converted into or exchanged for Qualifying Equity Interests, other
Restricted Payments in an amount no greater than and with timing of such payments not earlier than the dividends that would have
otherwise been payable on such instruments.

 

(viii)         
payments to holders of the Borrower’s Capital Stock in lieu of the issuance of fractional shares of its Capital Stock;

 

(ix)             
the purchase, redemption, acquisition, cancellation or other retirement for a nominal value per right of any rights granted
to all the holders of Capital Stock of the Borrower pursuant to any shareholders’ rights plan adopted for the purpose of
protecting shareholders from unfair takeover tactics; provided that any such purchase,
redemption, acquisition, cancellation or other retirement of such rights is not for the purpose of evading the limitations of this
covenant (all as determined in good faith by a Financial Officer of the Borrower);

 

(x)               
so long as no Default has occurred and is continuing or would be caused thereby, upon the occurrence of an Asset Sale and
after the completion of the related Asset Sale Offer pursuant to and in accordance with Sections 2.13(b) and 6.04, any purchase,
defeasance, retirement, redemption or other acquisition of Indebtedness that is contractually subordinated to the Guaranteed Obligations
required under the terms of such Indebtedness, or any Disqualified Stock, with Net Proceeds from such Asset Sale;

 

(xi)             
so long as no Default has occurred and is continuing or would be caused thereby, other Restricted
Payments since the Fourth Amendment Effective Date in an aggregate amount not to exceed $850,000,000; 

 

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(xii)           
the payment of any dividend or distribution in an amount not to exceed the aggregate Taxes of a consolidated, combined,
unitary, affiliated or similar income tax group of which Borrower is the common parent (a “Tax Group”) from
any Restricted Subsidiary to another Restricted Subsidiary or to the Borrower for any taxable period in which the Borrower or such
Restricted Subsidiary (or its “tax owner,” so long as such Restricted Subsidiary is treated as a “disregarded
entity” for U.S. federal income tax purposes) is a member of such Tax Group; provided that such distributions shall
not exceed the amount of Taxes that such Restricted Subsidiary would have paid had it been a stand-alone taxpayer; and

 

(xiii)         
the Borrower may make distributions of, or Investments in Securitization Assets for purposes of inclusion in any Securitization
permitted under Section 6.01(b)(xxi).

 

The amount of all Restricted
Payments (other than cash) will be the Fair Market Value on the date of the Restricted Payment of the asset(s) or securities proposed
to be transferred or issued by the Borrower or such Restricted Subsidiary, as the case may be, pursuant to the Restricted Payment.
The Fair Market Value of any assets or securities that are required to be valued by this Section 6.06 will be determined by a Financial
Officer of the Borrower whose certification with respect thereto will be delivered to the Administrative Agent.

 

Section
6.07.             Transactions
with Affiliates. (a)  Make
any payment to, or sell, lease, transfer or otherwise dispose of any of its properties or assets to, or purchase any property or
assets from, or enter into or make or amend any transaction, contract, agreement, understanding, loan, advance or guarantee with,
or for the benefit of, any Affiliate of the Borrower (each, an “Affiliate Transaction”) involving aggregate
payments in excess of $50,000,000, unless:

 

(i)                
the Affiliate Transaction is on terms that are no less favorable to the Borrower (as reasonably
determined by the Borrower) or the relevant Restricted Subsidiary than those that would have been obtained in a comparable transaction
by the Borrower or such Restricted Subsidiary with an unrelated Person; and 

 

(ii)              
the Borrower delivers to the Administrative Agent:

 

(1)               
with respect to any Affiliate Transaction or series of related Affiliate Transactions involving aggregate consideration
in excess of $100,000,000, a resolution of the Board of Directors set forth in an Officers’ Certificate certifying that such
Affiliate Transaction complies with this Section 6.07 and that such Affiliate Transaction has been approved by a majority of the
disinterested members of the Board of Directors; and

 

(2)               
with respect to any Affiliate Transaction or series of related Affiliate Transactions involving aggregate consideration
in excess of $200,000,000, an opinion as to the fairness to the Borrower or such Restricted Subsidiary of such Affiliate Transaction
from a financial point of view issued by an Independent Financial Advisor.

 

(b)               
The following items shall not be deemed to be Affiliate Transactions and, therefore, shall not be subject to the provisions
of the prior paragraph:

 

(i)                
any employment agreement or director’s engagement agreement, employee benefit plan,
officer and director indemnification agreement or any similar

 

    139 

     

    

 

arrangement entered into by the Borrower or any of its Restricted
Subsidiaries or approved by a Responsible Officer of the Borrower in good faith; 

 

(ii)              
transactions between or among the Borrower and/or its Restricted Subsidiaries;

 

(iii)            
transactions with a Person (other than an Unrestricted Subsidiary) that is an Affiliate of the Borrower solely because the
Borrower owns, directly or through a Restricted Subsidiary, an Equity Interest in, or controls, such Person;

 

(iv)             
payment of directors’ fees;

 

(v)               
any issuance of Equity Interests (other than Disqualified Stock) of the Borrower or its Restricted Subsidiaries;

 

(vi)             
Restricted Payments that do not violate the provisions of Section 6.06;

 

(vii)           
any agreement in effect as of the Closing Date or any amendment thereto or replacement thereof and any transaction contemplated
thereby or permitted thereunder, so long as any such amendment or replacement agreement taken as a whole is not more disadvantageous
to the Lenders than the original agreement as in effect on the Closing Date;

 

(viii)         
payments or advances to employees or consultants that are incurred in the ordinary course
of business or that are approved by a Responsible Officer of the Borrower in good faith; 

 

(ix)             
the existence of, or the performance by the Borrower or any of its Restricted Subsidiaries of its obligations under the
terms of, any stockholders agreement (including any registration rights agreement or purchase agreement related thereto) to which
it is a party as of the Closing Date and any similar agreements which it may enter into thereafter; provided,
however, that the existence of, or the performance by the Borrower or any of its Restricted Subsidiaries of obligations
under, any future amendment to any such existing agreement or under any similar agreement entered into after the Closing Date shall
only be permitted by this Section 6.07(b)(ix) to the extent that the terms of any such amendment or new agreement are not otherwise
more disadvantageous to the Lenders in any material respect;

 

(x)               
transactions permitted by, and complying with, the provisions of Section 6.08;

 

(xi)             
transactions with customers, clients, suppliers, joint venture partners or purchasers or sellers of goods or services (including
pursuant to joint venture agreements) in compliance with the terms of this Agreement that are fair to the Borrower and its Restricted
Subsidiaries, in the reasonable determination of a Financial Officer of the Borrower, or are on terms not materially less favorable
taken as a whole as might reasonably have been obtained at such time from an unaffiliated party;

 

(xii)           
any repurchase, redemption or other retirement of Capital Stock of the Borrower held by employees of the Borrower or any
of its Subsidiaries;

 

(xiii)         
loans or advances to employees or consultants;

 

    140 

     

    

 

 

(xiv)         
any Permitted Investment in another Person involved in a Permitted Business;

 

(xv)           
transactions in which the Borrower or any Restricted Subsidiary, as the case may be, delivers to the Administrative Agent
a letter from an Independent Financial Advisor stating that such transaction is fair to the Borrower or such Restricted Subsidiary
from a financial point of view or meets the requirements of Section 6.07(a)(i);

 

(xvi)         
the issuance of any letters of credit to support obligations of any Excluded Subsidiary;

 

(xvii)       
transactions between or among Excluded Subsidiaries, and any Guarantee, guarantee and/or other credit support provided by
the Borrower and/or any Restricted Subsidiary in respect of any Subsidiary or any Minority Investment so long as all holders of
Equity Interests in such Subsidiary or Minority Investment (including the Borrower or any Restricted Subsidiary, as applicable)
shall participate directly or indirectly in such applicable Guarantee, guarantee and/or other credit support or shall provide a
commitment in respect of any related obligation, in each case, on a pro rata basis relative to their Equity Interests in such Minority
Investment; provided that any such transaction shall be fair and reasonable and beneficial
to the Borrower and its Restricted Subsidiaries (taken as a whole) and consistent with Prudent Industry Practice;

 

(xviii)     
transactions relating to management, marketing, administrative or technical services between
the Borrower and its Restricted Subsidiaries, or between Restricted Subsidiaries; 

 

(xix)         
any tax sharing agreement between or among the Borrower and its Subsidiaries so long as such tax sharing agreement is on
fair and reasonable terms with respect to each participant therein;

 

(xx)           
any customary transaction with a Securitization Vehicle effected as part of a Securitization permitted hereunder; and

 

(xxi)         
any agreement to do any of the foregoing.

 

Section
6.08.             Merger,
Consolidation or Sale of Assets. The
Borrower will not, directly or indirectly: (a) consolidate or merge with or into another Person (whether
or not the Borrower is the surviving corporation); or (b) sell, assign, transfer, convey or otherwise dispose of all or substantially
all of the properties or assets of the Borrower and its Restricted Subsidiaries taken as a whole, in one or more related transactions,
to another Person; unless, subject to Section 9.22:

 

(i)                
either (A) the Borrower is the surviving corporation or (B) the Person formed by or surviving any such consolidation or
merger (if other than the Borrower) or to which such sale, assignment, transfer, conveyance or other disposition has been made
is a corporation, partnership or limited liability company organized or existing under the laws of the United States, any state
of the United States or the District of Columbia;

 

(ii)              
the Person formed by or surviving any such consolidation or merger (if other than the Borrower) or the Person to which such
sale, assignment, transfer, conveyance or other disposition has been made assumes all the obligations of the Borrower

 

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under the
Loan Documents pursuant to joinder agreements or other documents and agreements reasonably satisfactory to the Administrative Agent;

 

(iii)            
 immediately after such transaction, no Default or Event of Default exists; and

 

(iv)             
(A) the Borrower or the Person formed
by or surviving any such consolidation or merger (if other than the Borrower), or to which such sale, assignment, transfer, conveyance
or other disposition has been made will, on the date of such transaction after giving pro forma effect thereto and to any related
financing transactions as if the same had occurred at the beginning of the applicable four-quarter period, be permitted to incur
at least $1.00 of additional Indebtedness pursuant to the Fixed Charge Coverage Ratio test set forth in the provisions of Section
6.01(a) or (B) the Fixed Charge Coverage Ratio of the Borrower or the Person formed by or surviving any such consolidation or merger
(if other than the Borrower) is greater after giving pro forma effect to such consolidation or merger and any related financing
transactions as if the same had occurred at the beginning of the applicable four-quarter period than the Borrower’s actual
Fixed Charge Coverage Ratio for the period.

 

(c)               
In addition, the Borrower shall not, directly or indirectly, lease all or substantially all of its properties or assets,
in one or more related transactions, to any other Person.

 

(d)               
This Section 6.08 shall not apply to (i) a merger of the Borrower with an Affiliate solely
for the purpose of reincorporating the Borrower in another jurisdiction or forming a direct holding company of the Borrower; and
(ii) any sale, transfer, assignment, conveyance, lease or other disposition of assets between or among the Borrower and
its Restricted Subsidiaries, including by way of merger or consolidation.

 

(e)               
Upon any consolidation or merger, or any sale, assignment, transfer, lease, conveyance or other disposition of all or substantially
all of the assets of the Borrower and its Restricted Subsidiaries taken as a whole in a transaction that is subject to, and that
complies with the provisions of, Sections 6.08(a) through and including 6.08(d), the successor corporation formed by such consolidation
or into or with which the Borrower is merged or to which such sale, assignment, transfer, lease, conveyance or other disposition
is made shall succeed to, and be substituted for (so that from and after the date of such consolidation, merger, sale, lease, conveyance
or other disposition, the provisions of this Agreement and the other Loan Documents referring to the “Borrower” shall
refer instead to the successor corporation and not to the Borrower), and may exercise every right and power of the Borrower under
this Agreement and the other Loan Documents with the same effect as if such successor Person had been named as the Borrower herein;
provided, however, that the predecessor Borrower shall not be relieved from
its payment obligations hereunder except in the case of a sale of all of the Borrower’s assets in a transaction that is subject
to, and that complies with the provisions of, Section 6.08(a) through and including 6.08(d).

 

Section
6.09.             Limitations
on Funded L/C SPV. (a) Cause the Funded
L/C SPV to have (i) any business operations or activities other than in respect of the issuance of letters of credit under Cash
Collateralized Letter of Credit Facilities and making payments or distributions to the Borrower and its Subsidiaries as permitted
therein (and activities reasonably related thereto including the posting of cash collateral therefor), (ii) any properties or assets
other than the Funded L/C Collateral Accounts and all cash, Cash Equivalents, other securities or investments comparable to Cash
Equivalents and other funds and investments held therein, any contractual reimbursement rights granted by Affiliates of the Funded
L/C SPV in favor of the Funded L/C SPV and other assets

 

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of de minimis value and (iii) any Indebtedness or other obligations other than obligations pursuant to and in accordance with
Cash Collateralized Letter of Credit Facilities providing for the issuance of an aggregate face amount of letters of credit
thereunder not to exceed at any time outstanding the aggregate amount of cash proceeds of Revolving Loans, New Term Loans,
Refinancing Term Loans, Incremental Equivalent Debt or Indebtedness permitted under Section 6.01(b)(xxiv) contributed by the
Borrower to the Funded L/C SPV pursuant to and in accordance with Funded L/C SPV Contributions after the Closing Date and
liabilities and obligations reasonably related, ancillary or incidental to any Cash Collateralized Letter of Credit
Facility.

 

(b)               
Provide any collateral or any Guarantee, or have any other obligation, in each case, with
respect to any Cash Collateralized Letter of Credit Facility outstanding at any time after the Closing Date other than (i) cash
collateral consisting of cash proceeds of Revolving Loans, New Term Loans, Refinancing Term Loans, Incremental Equivalent Debt
or Indebtedness permitted under Section 6.01(b)(xxiv) contributed by the Borrower to the Funded L/C SPV pursuant to and in accordance
with Funded L/C SPV Contributions after the Closing Date, (ii) with respect to the Funded L/C SPV, its obligations to any LC Issuer
pursuant to and in accordance with the terms and provisions of such Cash Collateralized Letter
of Credit Facility and liabilities and obligations reasonably related, ancillary or incidental thereto, (iii) with respect
to the Borrower, the Funded L/C SPV Guarantee with respect to such Cash Collateralized Letter of Credit Facility on terms reasonably
satisfactory to the Administrative Agent, and (iv) with respect to the Borrower and the Subsidiary Guarantors only, obligations
with respect to any reimbursement agreement of the Borrower and/or any Subsidiary Guarantor in favor of the Funded L/C SPV with
respect to any amounts drawn on letters of credit issued for the benefit of the Borrower or any of its Subsidiaries under such
Cash Collateralized Letter of Credit Facility.

 

Section
6.10.             Designation
of Restricted, Unrestricted and Excluded Project Subsidiaries.
(a)  The Borrower may designate, by a certificate executed by a Responsible Officer
of the Borrower, any Restricted Subsidiary (other than the Funded L/C SPV) to be an Unrestricted Subsidiary if that designation
would not cause a Default or Event of Default. 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 Restricted Payments under the provisions of Section 6.06 or under one or more clauses of the definition of Permitted
Investments, as determined by the Borrower; provided, however, that to the extent an Excluded Subsidiary is designated
as an Unrestricted Subsidiary, the amount of the Investment deemed to have been made in respect of such Unrestricted Subsidiary
will be calculated without duplication of the amount of the Investment made as a result of such Excluded Subsidiary’s initial
designation as such plus any subsequent Investments made in such Excluded Subsidiary prior to such subsequent designation. That
designation will only be permitted if the Investment would be permitted at that time and if the Restricted Subsidiary otherwise
meets the definition of an Unrestricted Subsidiary. A Responsible Officer of the Borrower may redesignate any Unrestricted Subsidiary
to be a Restricted Subsidiary if that redesignation would not cause a Default or Event of Default.

 

(b)               
The Borrower may designate, by a certificate executed by a Responsible Officer of the Borrower,
any Restricted Subsidiary or Unrestricted Subsidiary to be an Excluded Project Subsidiary if that designation would not cause a
Default or Event of Default. If a Restricted Subsidiary or Unrestricted Subsidiary that is not an Excluded Project Subsidiary is
designated as an Excluded Project Subsidiary, the aggregate Fair Market Value of all outstanding Investments owned by the Borrower
and its Restricted Subsidiaries in the Subsidiary designated as an Excluded Project Subsidiary will be deemed to be an Investment
made as of the time of the designation and will reduce the amount available for Restricted Payments under the provisions of Section
6.06 or

 

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under one or more clauses of the definition of Permitted Investments, as determined by the Borrower; provided, however,
that to the extent an Excluded Subsidiary (other than an Excluded Project Subsidiary) or an Unrestricted Subsidiary is designated
as an Excluded Project Subsidiary, the amount of the Investment deemed to have been made in respect of such Excluded Project Subsidiary
will be calculated without duplication of the amount of the Investment made as a result of such Excluded Subsidiary’s or
Unrestricted Subsidiary’s initial designation as such plus any subsequent Investments made in such Excluded Subsidiary or
Unrestricted Subsidiary prior to such subsequent designation. That designation will only be permitted if the Investment
would be permitted at that time and if the Restricted Subsidiary or Unrestricted Subsidiary otherwise meets the definition of an
Excluded Project Subsidiary. A Responsible Officer of the Borrower may redesignate any Excluded Project Subsidiary to be a Restricted
Subsidiary that is not an Excluded Project Subsidiary or an Unrestricted Subsidiary if that redesignation would not cause a Default
or Event of Default.

 

(c)               
Any designation of a Subsidiary as an Unrestricted Subsidiary or Excluded Project Subsidiary
will be evidenced to the Administrative Agent by delivering to the Administrative Agent a certified copy of a resolution of the
Board of Directors giving effect to such designation and an Officers’ Certificate certifying that such designation complied
with the preceding conditions and was permitted by Section 6.06. If, at any time, any Unrestricted Subsidiary or Excluded Project
Subsidiary should fail to meet the preceding requirements as, respectively, an Unrestricted Subsidiary or Excluded Project Subsidiary,
it will thereafter cease to be an Unrestricted Subsidiary or Excluded Project Subsidiary for the purposes of this Agreement and
any Indebtedness of such Subsidiary will be deemed to be incurred by a Restricted Subsidiary or an Excluded Project Subsidiary
as of such date and, if such Indebtedness is not permitted to be incurred as of such date under Section 6.01, the Borrower will
be in default of such covenant. The Board of Directors of the Borrower may at any time designate any Unrestricted Subsidiary or
Excluded Project Subsidiary to be a Restricted Subsidiary; provided that such designation will be deemed to be an
incurrence of Indebtedness by a Restricted Subsidiary of any outstanding Indebtedness of such Unrestricted Subsidiary or Excluded
Project Subsidiary, and such designation will only be permitted if (i) such Indebtedness is permitted under Section 6.01(a), calculated
on a pro forma basis as if such designation had occurred at the beginning of the applicable four-quarter reference period and (ii)
no Default or Event of Default would be in existence following such designation.

 

Section
6.11.             Consolidated
Interest Coverage Ratio. Permit the Consolidated
Interest Coverage Ratio as at the end of any fiscal quarter (commencing with the first full fiscal quarter after the Closing Date)
to be less than 1.75 to 1.00.

 

Section
6.12.             Leverage
Ratio. Permit (a) at any time during a Collateral
Release Period, the Consolidated Total Net Leverage Ratio as at the end of any fiscal quarter during such period to be greater
than 5.50 to 1.00 and (b) at any other time, the Consolidated First Lien Leverage Ratio as at the end of any fiscal quarter (commencing
with the first full fiscal quarter after the Closing Date) to be greater than 4.00 to 1.00.

 

Section
6.13.             Fiscal
Year. With respect to the Borrower,
change its fiscal year-end to a date other than December 31.

 

Section
6.14.             Use of Proceeds.
Directly or, to the knowledge of the Borrower, indirectly use the proceeds of any Loan or Letter of Credit or otherwise make available
such proceeds to any Subsidiary or any other Person to fund, finance or facilitate any activities or business of or with any Person
that is, at the time of such funding, a Sanctioned Person or in any country or territory that is at the time of such funding a
Sanctioned Country or in any other manner

 

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that would result in a violation of Sanctions by any Person (including a Lender, Arranger,
Administrative Agent, Issuing Bank or otherwise).

 

ARTICLE
VII.

 

Events of Default

 

In case of the happening
of any of the following events (“Events of Default”):

 

(a)               
any representation or warranty made or deemed made in or in connection with any Loan Document (other than those specified
in clause (l) below) or the Borrowings or issuances of Letters of Credit hereunder, or any representation, warranty, statement
or information contained in any report, certificate, financial statement or other instrument furnished in connection with or pursuant
to any Loan Document by any Loan Party, shall prove to have been false or misleading in any material respect when so made, deemed
made or furnished;

 

(b)               
default shall be made in the payment of any principal of any Loan or the reimbursement with respect to any L/C Disbursement
when and as the same shall become due and payable, whether at the due date thereof or at a date fixed for prepayment thereof or
by acceleration thereof or otherwise;

 

(c)               
default shall be made in the payment of any interest on any Loan or any L/C Disbursement or any Fee or any other amount
(other than an amount referred to in (b) above) due under any Loan Document, when and as the same shall become due and payable,
and such default shall continue unremedied for a period of five Business Days;

 

(d)               
default shall be made in the due observance or performance by the Borrower or any Subsidiary of any covenant, condition
or agreement contained in Section 5.01(a), 5.05, 5.08 or 5.11 or in Article VI; provided
that a default in the due observance or performance by the Borrower or any Restricted Subsidiary of any covenant, condition or
agreement contained in Section 6.11 or 6.12 shall not constitute an Event of Default with respect to the Term Loans, the New Term
Loans or the Refinancing Term Loans until the date on which the Administrative Agent or the Majority Revolving Lenders shall declare
the Revolving Loans (including, for the avoidance of doubt, any New Revolving Loans and Refinancing Revolving Loans) to be due
and payable or shall terminate the Revolving Commitments (including, for the avoidance of doubt, any New Revolving Commitments
and Refinancing Revolving Commitments);

 

(e)               
default shall be made in the due observance or performance by the Borrower or any Subsidiary
of any covenant, condition or agreement contained in any Loan Document (other than those specified in clauses (b), (c) or (d) above
or clause (l) below) and such default shall continue unremedied for a period of 45 days after notice thereof from the Administrative
Agent, the Collateral Agent, the Collateral Trustee or any Lender to the Borrower; provided
that a default in the due observance or performance by the Borrower of any covenant, condition or agreement contained in Section
5.04(e) shall not constitute an Event of Default with respect to the New Term Loans or the Refinancing Term Loans until the date
on which the Administrative Agent or the Majority Revolving Lenders shall declare the Revolving Loans (including, for the avoidance
of doubt, any New Revolving Loans and Refinancing Revolving Loans) to be due and payable or shall terminate the Revolving
Commitments (including, for the avoidance of doubt, any New Revolving Commitments and Refinancing Revolving Commitments);

 

(f)                
(i) the Borrower or any Restricted Subsidiary shall (A) fail to pay any principal or interest, regardless of amount,
due in respect of any Material Indebtedness (other than Indebtedness

 

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hereunder), when and as the same shall become due and payable,
or (B) any other event or condition occurs that results in any Material Indebtedness (other than Indebtedness hereunder) becoming
due prior to its scheduled maturity or that enables or permits (with or without the giving of notice, the lapse of time or both)
the holder or holders of any Material Indebtedness (other than Indebtedness hereunder) or any trustee or agent on its or their
behalf to cause any Material Indebtedness (other than Indebtedness hereunder) to become due, or to require the prepayment, repurchase,
redemption or defeasance thereof, prior to its scheduled maturity; provided that
clause (B) shall not apply to secured Indebtedness that becomes due as a result of the voluntary sale or transfer of the property
or assets securing such Indebtedness; provided, further, that clauses (A)
and (B) shall not apply to (1) any Non-Recourse Debt of the Borrower and the Restricted Subsidiaries (except to the extent that
the Borrower or any of the Restricted Subsidiaries that are not parties to such Non-Recourse Debt (other than Exempt Subsidiaries)
is then liable for any such Non-Recourse Debt of a Significant Subsidiary that is Indebtedness for borrowed money thereunder and
such liability, individually or in the aggregate, exceeds $150,000,000) or (2) to the extent constituting Indebtedness, any indemnification,
guarantee or other credit support obligations of the Borrower or any Restricted Subsidiary constituting Permitted Tax Equity Guarantees
or a Standard Securitization Undertaking or (ii) the Funded L/C SPV shall (A) fail to pay any principal, reimbursement obligations,
fees or interest due in respect of any Cash Collateralized Letter of Credit Facility in an amount, individually or in the aggregate,
in excess of $30,000,000, when and as the same shall become due and payable, or (B) any other event or condition occurs that
results in any Cash Collateralized Letter of Credit Facility outstanding in an amount, individually or in the aggregate, in excess
of $30,000,000 becoming due prior to its scheduled maturity or that enables or permits (with or without the giving of notice, the
lapse of time or both) the LC Issuer(s) thereunder or any trustee or agent on its or their behalf to cause such Cash Collateralized
Letter of Credit Facility to become due, or to require the prepayment, repurchase, redemption, termination or defeasance thereof,
prior to its scheduled maturity and such event or condition pursuant to this clause (B) shall continue
unremedied for a period of five Business Days;

 

(g)               
a court of competent jurisdiction enters an order or decree under any Bankruptcy Law that (i) is for relief against the
Borrower or any of its Restricted Subsidiaries (other than the Exempt Subsidiaries) that is a Significant Subsidiary or any group
of Restricted Subsidiaries (other than the Exempt Subsidiaries) that, taken together, would constitute a Significant Subsidiary
in an involuntary case; (ii) appoints a custodian of the Borrower or any of its Restricted Subsidiaries (other than the Exempt
Subsidiaries) that is a Significant Subsidiary or any group of Restricted Subsidiaries (other than the Exempt Subsidiaries) that,
taken together, would constitute a Significant Subsidiary or for all or substantially all of the property of the Borrower or any
of its Restricted Subsidiaries (other than the Exempt Subsidiaries) that is a Significant Subsidiary or any group of Restricted
Subsidiaries (other than the Exempt Subsidiaries) that, taken together, would constitute a Significant Subsidiary; or (iii) orders
the liquidation of the Borrower or any of its Restricted Subsidiaries (other than the Exempt Subsidiaries) that is a Significant
Subsidiary or any group of Restricted Subsidiaries (other than the Exempt Subsidiaries) that, taken together, would constitute
a Significant Subsidiary; and, in each of clauses (i), (ii) or (iii), the order or decree remains unstayed and in effect for 60
consecutive days;

 

(h)               
the Borrower or any of its Restricted Subsidiaries (other than the Exempt Subsidiaries) that is a Significant Subsidiary
or any group of Restricted Subsidiaries (other than the Exempt Subsidiaries) that, taken together, would constitute a Significant
Subsidiary, pursuant to or within the meaning of Bankruptcy Law (i) commences a voluntary case; (ii) consents to the entry of an
order for relief against it in an involuntary case; (iii) consents to the appointment of a custodian of it or for all or substantially
all of its property; (iv) makes a general assignment for the benefit of its creditors; or (v) generally is not paying its debts
as they become due;

 

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(i)                
one or more judgments for the payment of money in an aggregate
amount in excess of $150,000,000 (excluding therefrom any amount covered by insurance) shall be rendered against the Borrower or
any Restricted Subsidiary (other than an Exempt Subsidiary) or any combination thereof and the same shall remain undischarged for
a period of 60 consecutive days during which execution shall not be effectively stayed, or any action shall be legally taken by
a judgment creditor to levy upon assets or properties of the Borrower or any of its Restricted Subsidiaries to enforce any such
judgment; provided that this clause (i) shall not apply to (A) any Non-Recourse Debt
of the Borrower and the Restricted Subsidiaries (except to the extent that the Borrower or any of the Restricted Subsidiaries that
are not parties to such Non-Recourse Debt is then liable for any such Non-Recourse Debt of a Significant Subsidiary that is Indebtedness
for borrowed money thereunder and such liability, individually or in the aggregate, exceeds $150,000,000) or (B) to the extent
constituting Indebtedness, any indemnification, guarantee or other credit support obligations of the Borrower or any Restricted
Subsidiary constituting Permitted Tax Equity Guarantees or a Standard Securitization Undertaking;

 

(j)                
an ERISA Event shall have occurred that, when taken together with all other such ERISA Events,
could reasonably be expected to result in liability of the Borrower and its ERISA Affiliates in an aggregate amount exceeding $150,000,000;
provided, however, that the parties acknowledge and agree that that certain Irrevocable Standby Letter of
Credit (or any renewal, extension or replacement thereof that does not increase the face amount thereof) issued by the Sumitomo
Mitsui Banking Corporation in favor of the Benefits Committee of the Texas Genco Retirement Plan, dated as of June 28, 2005, for
an amount not exceeding $54,900,000, shall not be deemed to be a liability for purposes of determining whether the $150,000,000
threshold set in this clause (j) of Article VII is exceeded (but that any other letter of credit or other security provided
pursuant to Section 401(a)(29) of the Tax Code that constitutes an ERISA Event shall be deemed to be a liability for purposes of
this Article VII);

 

(k)               
except as permitted by this Agreement or as a result of the discharge of such Subsidiary Guarantor in accordance with the
terms of the Loan Documents, any Guarantee by a Significant Subsidiary (or group of Subsidiaries that taken as a whole would be
deemed a Significant Subsidiary) under the Guarantee and Collateral Agreement shall be held by a final decision issued in any judicial
proceeding to be unenforceable or invalid or shall cease for any reason to be in full force and effect or any Subsidiary Guarantor
(or any group of Subsidiary Guarantors) that constitutes a Significant Subsidiary shall deny or disaffirm in writing its or their
obligations under its or their Guarantee(s) under the Guarantee and Collateral Agreement;

 

(l)                
material breach by the Borrower or any of the other Loan Parties of any material representation
or warranty or covenant, condition or agreement in the Security Documents, the repudiation by the Borrower or any of the other
Loan Parties of any of its material obligations under any of the Security Documents or the unenforceability of any of the Security
Documents against the Borrower or any of the other Loan Parties for any reason with respect to Collateral having an aggregate Fair
Market Value of $150,000,000 or more in the aggregate; or

 

(m)             
there shall have occurred a Change of Control;

 

then,
and in every such event (other than an event with respect to the Borrower described in paragraph (g) or (h) above), and at
any time thereafter during the continuance of such event either or both of the following actions may be taken: (i) the Administrative
Agent may with the consent of the Majority Revolving Lenders, and at the request of the Majority Revolving Lenders shall, by notice
to the Borrower, terminate forthwith the Revolving Commitments (including, for the avoidance of doubt, any New Revolving Commitments
and Refinancing Revolving Commitments) and the Swingline Commitment and (ii)(A) the Administrative Agent may with the
consent of the Majority Revolving Lenders, and at the request of the Majority Revolving Lenders shall, by notice to the Borrower,
declare the Revolving Loans and/or (B) the Administrative Agent may with the consent of the

 

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Majority Term Lenders, and at the request
of the Majority Term Lenders shall, by notice to the Borrower, declare the Term Loans, New Term Loans and Refinancing Term Loans,
in the case of each of clauses (A) and (B), then outstanding to be forthwith due and payable in whole or in part, whereupon the
principal of such Loans so declared to be due and payable, together with accrued interest thereon and any unpaid accrued Fees and
all other liabilities of the Borrower accrued hereunder and under any other Loan Document, shall become forthwith due and payable,
without presentment, demand, protest or any other notice of any kind, all of which are hereby expressly waived by the Borrower,
anything contained herein or in any other Loan Document to the contrary notwithstanding, and the Administrative Agent and the Collateral
Agent shall have the right to take all or any actions and exercise any remedies available to a secured party under the Security
Documents or applicable law or in equity; and in any event with respect to an event in respect of the Borrower described in paragraph (g)
or (h) above, the Revolving Commitments, and the Swingline Commitment shall automatically terminate and the principal of such Loans
so declared to be due and payable then outstanding, together with accrued interest thereon and any unpaid accrued Fees and all
other liabilities of the Borrower accrued hereunder and under any other Loan Document, shall automatically become due and payable,
without presentment, demand, protest or any other notice of any kind, all of which are hereby expressly waived by the Borrower,
anything contained herein or in any other Loan Document to the contrary notwithstanding, and the Administrative Agent and the Collateral
Agent shall have the right to take all or any actions and exercise any remedies available to a secured party under the Security
Documents or applicable law or in equity; provided that, notwithstanding any provision to the contrary in any Loan Document,
during any period during which an Event of Default under Section 6.11 and/or 6.12 exists solely with respect to the Revolving Loans
(including, for the avoidance of doubt, any New Revolving Loans and Refinancing Revolving Loans), the Revolving Commitments (including,
for the avoidance of doubt, any New Revolving Commitments and Refinancing Revolving Commitments), the Swingline Loans and/or the
Letters of Credit, the Administrative Agent may with the consent of the Majority Revolving Lenders, and at the request of the Majority
Revolving Lenders shall, by notice to the Borrower, take any of the foregoing actions solely as they relate to the Revolving Loans
(including, for the avoidance of doubt, any New Revolving Loans and Refinancing Revolving Loans), the Revolving Commitments (including,
for the avoidance of doubt, any New Revolving Commitments and Refinancing Revolving Commitments), the Swingline Loans and the Letters
of Credit.

 

Without limitation
of, and after giving effect to, Section 6.7 of the Guarantee and Collateral Agreement and Section 3.4 of the Collateral Trust Agreement,
all proceeds received by the Administrative Agent or the Collateral Agent, as the case may be, either from the Collateral Trustee
or any other Person in respect of any sale of, collection from, or other realization upon all or any part of the Collateral under
any Security Document shall be held by the Administrative Agent or the Collateral Agent as Collateral for, and applied in full
or in part by the Administrative Agent or the Collateral Agent against, the applicable Guaranteed Obligations hereunder then due
and owing in the following order of priority: first, to the ratable payment of (a) all costs and expenses of such sale,
collection or other realization, including reasonable and documented fees, costs and expenses of the Agents and their agents and
counsel, and all other expenses, liabilities and advances made or incurred by the Agents in connection therewith, and all amounts
in each case for which such Agents are entitled to payment, reimbursement or indemnification under the Loan Documents (in their
capacity as such), and to the payment of all costs and expenses paid or incurred by the Agents in connection with the exercise
of any right or remedy under the Loan Documents, all in accordance with the terms of the Loan Documents, (b) any principal and
interest owed to the Administrative Agent in respect of outstanding Revolving Loans advanced on behalf of any Lender by the Administrative
Agent for which the Administrative Agent has not then been reimbursed by such

 

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Lender or the Borrower, (c) any principal and interest
owed to the Swingline Lender in respect of outstanding Swingline Loans that have not been repaid and (d) any amounts owed to the
Issuing Bank under a Letter of Credit issued by it for which it has not then been reimbursed by any Lender or the Borrower; second,
to the extent of any excess proceeds, to the payment of all other Guaranteed Obligations hereunder for the ratable benefit of the
holders thereof; and third, to the extent of any excess proceeds, to the payment to or upon the order of the applicable
Loan Party or to whosoever may be lawfully entitled to receive the same or as a court of competent jurisdiction may direct.

 

Notwithstanding anything
to the contrary contained in this Article VII, in the event that the Borrower fails to comply with the requirements of Sections
6.11 or 6.12, until the expiration of the 10th day subsequent to the date the certificate calculating such compliance
is required to be delivered pursuant to Section 5.04(c), the Borrower shall have the right to issue Permitted Cure Securities for
cash or otherwise receive cash contributions to the capital of the Borrower (collectively, the “Cure Right”),
and upon the receipt by the Borrower of such cash (the “Cure Amount”) pursuant to the exercise by the Borrower
of such Cure Right compliance with the covenants set forth in Sections 6.11 and 6.12 shall be recalculated giving effect to the
following pro forma adjustments:

 

(i)                
Consolidated Cash Flow shall be increased, solely for the purpose of measuring compliance with Sections 6.11 and 6.12 and
not for any other purpose under this Agreement, by an amount equal to the Cure Amount; and

 

(ii)              
if, after giving effect to the foregoing recalculations, the Borrower shall then be in compliance with the requirements
of Sections 6.11 and 6.12, the Borrower shall be deemed to have satisfied the requirements of Sections 6.11 and 6.12 as of the
relevant date of determination with the same effect as though there had been no failure to comply therewith at such date, and the
applicable breach or default of Sections 6.11 and 6.12 that had occurred shall be deemed cured for the purposes of this Agreement.

 

Notwithstanding anything
herein to the contrary, (a) in each four-fiscal-quarter period there shall be at least one fiscal quarter in which the Cure Right
is not exercised, (b) in each eight-fiscal-quarter period, there shall be a period of at least four consecutive fiscal quarters
during which the Cure Right is not exercised and (c) the Cure Amount shall be no greater than the amount required for purposes
of complying with Sections 6.11 and 6.12 as of the relevant date of determination.

 

ARTICLE
VIII.

 

The Agents, the Arrangers and the Lenders

 

Each of the Lenders
and the Issuing Banks hereby irrevocably appoints each of the Administrative Agent, the Collateral Agent and the Sustainability
Structuring Agent (the Administrative Agent, the Collateral Agent and the Sustainability Structuring Agent are referred to collectively
as the “Agents”) as its agent and authorizes the Agents to take such actions on its behalf and to exercise such
powers as are delegated to such Agent by the terms of the Loan Documents, together with such actions and powers as are reasonably
incidental thereto. Without limiting the generality of the foregoing, the Agents are hereby expressly authorized by the Lenders
to execute any and all documents (including releases and documents pursuant to the Collateral Trust Agreement and the other Security
Documents) with respect to the Collateral and the rights of the Secured Parties with respect thereto. Each of the Lenders and the
Issuing Banks hereby irrevocably (a) acknowledges and agrees that the Collateral Trustee (as defined in the Collateral Trust Agreement)
has been appointed as the Secured Parties’ agent in respect of the Collateral Trust

 

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Agreement and the other Security Documents,
in each case as contemplated by and in accordance with the provisions of this Agreement and the Security Documents and (b) expressly
authorizes and directs the Collateral Trustee (as defined in the Collateral Trust Agreement) to execute such documents or instruments
as may be required or contemplated by the Collateral Trust Agreement and the other Security Documents, in each case, as contemplated
by and in accordance with the provisions of this Agreement and the Security Documents. Each of the Lenders and the Issuing Banks
hereby agrees to be bound by the priority of the security interests and allocation of the benefits of the Collateral and proceeds
thereof set forth in the Security Documents.

 

Each institution serving
as an 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 an Agent, and such bank and its Affiliates may accept deposits from, lend money to and generally engage
in any kind of business with the Borrower or any Subsidiary or any Affiliate thereof as if it were not an Agent hereunder.

 

Notwithstanding anything
herein to the contrary, if at any time the Required Lenders determine that the Person serving as Administrative Agent is (without
taking into account any provision in the definition of “Defaulting Lender” requiring notice from the Administrative
Agent or any other party) a Defaulting Lender, the Required Lenders (determined after giving effect to Section 9.08) may, by notice
to the Borrower and such Person, remove such Person as Administrative Agent and, in consultation with the Borrower, appoint a replacement
Administrative Agent hereunder. Such removal will, to the fullest extent permitted by Applicable Law, be effective on the earlier
of (a) the date a replacement Administrative Agent is appointed and (b) the date 30 days after the giving of such notice by the
Required Lenders (regardless of whether a replacement Administrative Agent has been appointed).

 

No
Agent or Lender shall have any duties or obligations except those expressly set forth in the Loan Documents. Without limiting the
generality of the foregoing, (a) none of any Agent, any Arranger, any Co-Manager or any Lender shall be subject to any fiduciary
or other implied duties, regardless of whether a Default or an Event of Default has occurred and is continuing and, in performing
its functions and duties hereunder, each Agent shall act solely as an agent of Lenders and does not assume and shall not be deemed
to have assumed any obligation towards or relationship of agency or trust with or for the Borrower or any of its Subsidiaries,
(b) no Agent shall have any duty to take any discretionary action or exercise any discretionary powers, except discretionary rights
and powers expressly contemplated hereby that the Administrative Agent, the Collateral Agent or the Sustainability Structuring
Agent is required to exercise as directed in writing by the Required Lenders, the Majority Revolving Lenders, the Majority Term
Lenders or such other number or percentage of the Lenders as shall be necessary under the circumstances as provided in Section
9.08, as applicable, provided that no Agent shall be required to take any action that, in its opinion or the opinion
of its counsel, may expose it to liability or that is contrary to any Loan Document or Applicable Law, including for the avoidance
of doubt, any action that may be in violation of the automatic stay under any Bankruptcy Law or that may effect a forfeiture, modification
or termination of property of a Defaulting Lender in violation of any Bankruptcy Law, and (c) except as expressly set forth in
the Loan Documents, no Agent shall have any duty to disclose, nor shall it be liable for the failure to disclose, any information
relating to the Borrower or any of the Subsidiaries that is communicated to or obtained by the bank serving as any Agent or any
of its Affiliates in any capacity. No Agent shall be liable for any action taken or not taken by it under or in connection with
any Loan Document except to the extent caused by its own gross negligence or willful misconduct, as determined by a court of competent
jurisdiction by final and nonappealable judgment. No Agent shall be deemed to have knowledge of any Default or Event of Default
unless and until written notice thereof is given to such Agent by the Borrower or a Lender, and no Agent shall be responsible for
or have any duty to ascertain or inquire into (i) any

 

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statement, warranty or representation made in or in connection with any Loan
Document, (ii) the contents of any certificate, report or other document delivered thereunder or in connection therewith, (iii)
the performance or observance of any of the covenants, agreements or other terms or conditions set forth in any Loan Document,
(iv) the validity, enforceability, effectiveness or genuineness of any Loan Document or any other agreement, instrument or document,
or (v) the satisfaction of any condition set forth in Article IV or elsewhere in any Loan Document, other than to confirm receipt
of items expressly required to be delivered to such Agent.

 

Each Agent shall be
entitled to rely upon, and shall not incur any liability for relying upon, any notice, request, certificate, consent, statement,
instrument, document or other writing believed by it to be genuine and to have been signed or sent by the proper Person. Each Agent
may also 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. Each Agent may consult with legal counsel (who may be counsel for the Borrower),
independent accountants and other experts selected by it, and shall not be liable for any action taken or not taken by it in accordance
with the advice of any such counsel, accountants or experts.

 

Each Agent may perform
any and all of its duties and exercise its rights and powers by or through any one or more sub-agents appointed by it. Each 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 the preceding paragraphs shall apply to any such sub-agent and to the Related Parties
of each 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 Agent.

 

Subject
to the appointment and acceptance of a successor Agent as provided below, each Agent may resign at any time by notifying the Lenders,
the Issuing Banks and the Borrower. Any resignation pursuant to this paragraph by a Person acting as the Administrative
Agent shall, unless such Person shall notify the Lenders, the Issuing Banks and the Borrower otherwise, also act to relieve such
Person and its affiliates of any obligation to advance, make or extend Swingline Loans where such advance, making or extension
is to occur on or after the effective date of such resignation. Upon any such resignation of the Administrative Agent, the Collateral
Agent or the Sustainability Structuring Agent, the Required Lenders (or, in the case of the Sustainability Structuring Agent, the
Majority Revolving Lenders) shall have the right to appoint a successor, subject to the Borrower’s approval (not to be unreasonably
withheld or delayed) so long as no Default or Event of Default shall have occurred and be continuing. If no successor shall have
been so appointed by the Required Lenders (or, in the case of the Sustainability Structuring Agent, the Majority Revolving Lenders)
and shall have accepted such appointment within 30 days after the retiring Agent gives notice of its resignation, then the
retiring Agent may, on behalf of the Lenders and the Issuing Bank, appoint a successor Agent which shall be a bank with an office
in New York, New York, or an Affiliate of any such bank. Upon the acceptance of its appointment as Agent hereunder by a successor,
such successor shall succeed to and become vested with all the rights, powers, privileges and duties of the retiring Agent and,
if applicable, the Swingline Lender, and the retiring Agent shall be discharged from its duties and obligations hereunder, including
its duties and obligations in its capacity as a Swingline Lender, and such successor, in its capacity as the Swingline Lender,
shall enter into an Assignment and Assumption and acquire from the retiring Agent, in its capacity as a Swingline Lender, each
outstanding Swingline Loan of such retiring Agent for a purchase price equal to par plus accrued interest. The fees payable by
the Borrower to a successor Agent shall be the same as those payable to its predecessor unless otherwise agreed between the Borrower
and such successor. After an Agent’s resignation hereunder, the provisions of this Article and Section 9.05 shall continue
in effect for the benefit of such retiring Agent, its

 

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sub-agents and their respective Related Parties in respect of any actions
taken or omitted to be taken by any of them while acting as Agent.

 

Each Co-Manager and
each Arranger, in each case, in its capacity as such, shall have no duties or responsibilities, and shall incur no liability, under
this Agreement or any other Loan Document.

 

Each Lender acknowledges
that it has, independently and without reliance upon the Administrative Agent, the Collateral Agent, the Sustainability Structuring
Agent, the Co-Managers, the Arrangers, or any other Lender 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 also acknowledges that it will, independently
and without reliance upon the Administrative Agent, the Collateral Agent, the Sustainability Structuring Agent, the Arrangers,
or any other Lender 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 or any other Loan Document, any related agreement
or any document furnished hereunder or thereunder.

 

To
the extent required by any applicable law, the Administrative Agent may withhold from any interest payment to any Lender an amount
equivalent to any applicable withholding tax. If any payment has been made to any Lender by the Administrative Agent without
the applicable withholding Tax being withheld from such payment and the Administrative Agent has paid over the applicable withholding
Tax to the Internal Revenue Service or any other Governmental Authority, or the Internal Revenue Service or any other Governmental
Authority asserts a claim that the Administrative Agent did not properly withhold tax from amounts paid to or for the account of
any Lender because the appropriate form was not delivered or was not properly executed or because such Lender failed to notify
the Administrative Agent of a change in circumstance which rendered the exemption from, or reduction of, withholding tax ineffective
or for any other reason, such Lender shall indemnify the Administrative Agent fully for all amounts paid, directly or indirectly,
by the Administrative Agent as tax or otherwise, including any penalties or interest and together with all expenses (including
legal expenses, allocated internal costs and out-of-pocket expenses) incurred.

 

ARTICLE
IX.

 

Miscellaneous

 

Section
9.01.             Notices.
(a)  Notices and other communications provided for herein shall be in writing and shall be delivered by hand or
overnight courier service, mailed by certified or registered mail, sent by fax or by any other telecommunication device capable
of creating a written record (including electronic mail), as follows:

 

(i)                
if to the Borrower, to it at NRG Energy, Inc., 804 Carnegie Center, Princeton, NJ 08540,
Attention of Treasurer, Chief Financial Officer and General Counsel  (Fax No. 609-524-4501); with a copy to Baker Botts
L.L.P., 30 Rockefeller Plaza, New York, NY 10112, Attention of Martin Toulouse (Tel No. 212-408-2559; Fax No. 212-259-2559; Email:
martin.toulouse@bakerbotts.com);

 

(ii)              
if to the Administrative Agent, the Collateral Agent, the Swingline Lender or to Citicorp North America, Inc., in its capacity
as an Issuing Bank hereunder, to Citibank N.A., 1615 Brett Road, OPS III, New Castle, DE 19720, Attention of Citi Loan Operations
(Tel No. 302-894-6010; Email: glagentofficeops@citi.com); and

 

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(iii)            
if to an Issuing Bank (other than Citicorp North America, Inc., in its capacity as an Issuing
Bank hereunder) or a Lender, to it at its address (or fax number) set forth on the Administrative Questionnaire delivered by such
Issuing Bank or such Lender to the Administrative Agent or the Assignment and Assumption or the Joinder Agreement pursuant to which
such Issuing Bank or such Lender shall have become a party hereto.

 

(b)               
All notices and other communications given to any party hereto in accordance with the provisions
of this Agreement shall be deemed to have been given (i) on the date of receipt if delivered by hand or overnight courier service
or sent by fax, (ii) on the date five Business Days after dispatch by certified or registered mail if mailed, (iii) on the date
on which such notice or other communication has been made generally available on an Approved Electronic Platform, Internet website
or similar telecommunication device to the class of Person(s) being notified (regardless of whether
any such Person must accomplish, and whether or not any such Person shall have accomplished, any action prior to obtaining access
to such items, including registration, disclosure of contact information, compliance with a standard user agreement or undertaking
a duty of confidentiality) and such Person has been notified in respect of such posting that a communication has been posted to
such Approved Electronic Platform, Internet website or similar telecommunication device
if delivered by posting to such Approved Electronic Platform, Internet website or similar telecommunication device requiring
that a user have prior access to such Approved Electronic Platform, Internet website or similar telecommunication device or (iv) on
the date on which transmitted to an electronic mail address (or by another means of electronic delivery) if delivered by electronic
mail or any other telecommunications device, in the case of each of clauses (i) – (iv), delivered, sent or mailed (properly
addressed) to such party as provided in this Section 9.01 or in accordance with the latest unrevoked direction from such party
given in accordance with this Section 9.01; provided, however, that notices
and other communications to the Administrative Agent pursuant to Article II or Article VIII shall not be effective until received
by the Administrative Agent.

 

(c)               
Notwithstanding Sections 9.01(a) and 9.01(b) (unless the Administrative Agent requests that the provisions of Sections 9.01(a)
and 9.01(b) be followed) and any other provision in this Agreement or any other Loan Document providing for the delivery of any
Approved Electronic Communication by any other means, the Loan Parties shall deliver all Approved Electronic Communications to
the Administrative Agent by properly transmitting such Approved Electronic Communications in an electronic/soft medium in a format
acceptable to the Administrative Agent to oploanswebadmin@citigroup.com or such other electronic mail address (or similar means
of electronic delivery) as the Administrative Agent may notify to the Borrower. Nothing in this Section 9.01(c) shall prejudice
the right of the Administrative Agent or any Lender to deliver any Approved Electronic Communication to any Loan Party in any manner
authorized in this Agreement or to request that the Borrower effect delivery in such manner.

 

(d)               
Posting of Approved Electronic Communications. (i) Each Lender and each Loan
Party agree that the Administrative Agent may, but shall not be obligated to, make the Approved Electronic Communications available
to the Lenders by posting such Approved Electronic Communications on IntraLinksTM or a substantially similar electronic platform
chosen by the Administrative Agent to be its electronic transmission system (the “Approved
Electronic Platform”).

 

(ii)              
Although the Approved Electronic Platform and its primary web portal are secured with generally-applicable security procedures
and policies implemented or modified by the Administrative Agent from time to time (including, as of the Closing Date, a dual firewall
and a User ID/Password Authorization System) and the Approved Electronic Platform is secured through a single-user-per-deal authorization
method

 

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whereby each user may access the Approved Electronic Platform only on a deal-by-deal basis, each Lender and each Loan Party
acknowledges and agrees that the distribution of material through an electronic medium is not necessarily secure and that there
are confidentiality and other risks associated with such distribution. In consideration for the convenience and other benefits
afforded by such distribution and for the other consideration provided hereunder, the receipt and sufficiency of which is hereby
acknowledged, each Lender and each Loan Party hereby approves distribution of the Approved Electronic Communications through the
Approved Electronic Platform and understands and assumes the risks of such distribution.

 

(iii)            
THE APPROVED ELECTRONIC PLATFORM AND THE APPROVED ELECTRONIC COMMUNICATIONS ARE PROVIDED
“AS IS” AND “AS AVAILABLE”. NONE OF THE ADMINISTRATIVE AGENT NOR ANY OF ITS AFFILIATES WARRANT THE ACCURACY,
ADEQUACY OR COMPLETENESS OF THE APPROVED ELECTRONIC COMMUNICATIONS OR THE APPROVED ELECTRONIC PLATFORM AND EACH EXPRESSLY DISCLAIMS
ANY LIABILITY FOR ERRORS OR OMISSIONS IN THE APPROVED ELECTRONIC COMMUNICATIONS OR THE APPROVED ELECTRONIC PLATFORM. NO WARRANTY
OF ANY KIND, EXPRESS, IMPLIED OR STATUTORY, INCLUDING ANY WARRANTY OF MERCHANTABILITY, FITNESS FOR A PARTICULAR PURPOSE, NON-INFRINGEMENT
OF THIRD PARTY RIGHTS OR FREEDOM FROM VIRUSES OR OTHER CODE DEFECTS, IS MADE BY THE ADMINISTRATIVE AGENT OR ANY OF ITS AFFILIATES
IN CONNECTION WITH THE APPROVED ELECTRONIC COMMUNICATIONS OR THE APPROVED ELECTRONIC PLATFORM.

 

(iv)             
Each Lender and each Loan Party agree that the Administrative Agent may, but (except as may be required by applicable law)
shall not be obligated to, store the Approved Electronic Communications on the Approved Electronic Platform in accordance with
the Administrative Agent’s generally-applicable document retention procedures and policies.

 

Section
9.02.             Survival
of Agreement. All covenants, agreements, representations
and warranties made by the Borrower herein and in the certificates or other instruments prepared or delivered in connection with
or pursuant to this Agreement or any other Loan Document shall be considered to have been relied upon by the Lenders and the Issuing
Banks and shall survive the making by the Lenders of the Loans and the issuance of Letters of Credit by the Issuing Bank, regardless
of any investigation made by the Lenders or the Issuing Banks or on their behalf, and shall continue in full force and effect (but
such representations and warranties shall be deemed made by the Borrower only at such times and as of such dates as set forth in
Section 4.01(b)) as long as the principal of or any accrued interest on any Loan or any Fee or any other amount payable (other
than indemnification and other contingent obligations that expressly survive pursuant to the terms of any Loan Document, in each
case, not then due and payable) under this Agreement or any other Loan Document is outstanding and unpaid or any Letter of Credit
is outstanding and so long as the Commitments have not been terminated. The provisions of Sections 2.14, 2.16, 2.20, 2.21 and 9.05
shall remain operative and in full force and effect regardless of the expiration of the term of this Agreement, the consummation
of the transactions contemplated hereby, the repayment of any of the Loans, the expiration of the Commitments, the expiration of
any Letter of Credit, the invalidity or unenforceability of any term or provision of this Agreement or any other Loan Document,
or any investigation made by or on behalf of the Administrative Agent, the Collateral Agent, any Lender or the Issuing Bank.

 

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Section
9.03.             Binding
Effect. This Agreement shall become effective
when it shall have been executed by the Borrower and the Administrative Agent and when the Administrative Agent shall have received
counterparts hereof which, when taken together, bear the signatures of each of the other parties hereto. Upon the satisfaction
of the conditions precedent set forth in Section 4.02, this Agreement shall become effective, binding upon and enforceable against
the Borrower and each of the Administrative Agent, the Collateral Agent, the Swingline Lender, the Issuing Bank and the Lenders.

 

Section
9.04.             Successors
and Assigns. (a)  Whenever
in this Agreement any of the parties hereto is referred to, such reference shall be deemed to include the permitted successors
and assigns of such party; and all covenants, promises and agreements by or on behalf of the Borrower, the Administrative Agent,
the Collateral Agent, the Issuing Banks or the Lenders that are contained in this Agreement shall bind and inure to the benefit
of their respective successors and assigns.

 

(b)               
Each Lender may assign to one or more assignees (other than any natural person, the Borrower
or any of its Affiliates, except, for the avoidance of doubt, any Purchasing Borrower Party pursuant to and in accordance with
Section 2.12(e)) all or a portion of its interests, rights and obligations under this Agreement (including all or a portion of
its Commitment and the Loans at the time owing to it); provided, however, that (i) (x) except in the case of
an assignment of a Term Loan, a New Term Loan or a Refinancing Term Loan to a Lender or an Affiliate or Related Fund of a Lender,
the Administrative Agent (and, in the case of any assignment of a Revolving Commitment, the Issuing Banks, the Swingline Lender
and the Borrower) must give its prior written consent to such assignment (which consent shall not be unreasonably withheld or delayed);
provided that the consent of the Borrower shall not be required to any such assignment (1) during the continuance of
any Event of Default, (2) during the initial syndication of the Loans and the Commitments or (3) to a Lender or an Affiliate
or Related Fund of a Lender, and 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 five Business Days after having received notice thereof, and (y) except in
the case of an assignment to a Lender or an Affiliate or Related Fund of a Lender, the amount of the Commitment or Loan of the
assigning Lender subject to each such assignment (determined as of the date the Assignment and Assumption with respect to such
assignment is delivered to the Administrative Agent) shall not be less than (A) $2,500,000 in the case of any assignment of
a Revolving Commitment or (B) $1,000,000 in the case of any assignment of a Term Loan, a New Term Loan or a Refinancing Term
Loan (or, in each case, if less, the entire remaining amount of such Lender’s Commitment or Loans, as the case may be, and
Related Funds shall be aggregated for this purpose), (ii) the parties to each such assignment shall execute and deliver to
the Administrative Agent an Assignment and Assumption (such Assignment and Assumption to be (x) electronically executed and delivered
to the Administrative Agent via an electronic settlement system then acceptable to the Administrative Agent, which shall initially
be the settlement system of ClearPar, LLC, or (y) manually executed and delivered), together with a processing and recordation
fee of $3,500 (which shall be payable by either the assignor or the assignee, as they may agree), provided, however,
that no such processing and recordation fee shall be payable in connection with assignments made by a Lender to an affiliate thereof,
by or to an Arranger or an affiliate thereof or to a Lender or an affiliate or Related Fund of a Lender or a Person under
common management with a Lender and (iii) the assignee, if it shall not be a Lender immediately
prior to the assignment, shall deliver to the Administrative Agent an Administrative Questionnaire. No Lender is permitted to assign
all or any portion of its interests, rights or obligations under this Agreement (including all or a portion of its Commitment and
the Loans at any time owing to it) except as specifically set forth in the immediately preceding sentence and any purported assignment
not in conformity therewith shall be null and void. Upon acceptance and recording pursuant to Section 9.04(e), from and after the
effective date specified in each Assignment and Assumption, (A) the assignee thereunder shall be a party hereto and, to the extent
of the interest assigned by such Assignment and Assumption, have the rights and obligations of a Lender under this Agreement and
(B) the assigning Lender thereunder shall, to the extent of the interest assigned by

 

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such Assignment and Assumption, be released
from its obligations under this Agreement (and, in the case of an Assignment and Assumption covering all or the remaining portion
of an 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 and obligations of Sections 2.14, 2.16, 2.20, 2.21 and 9.05, as well as to any Fees
accrued for its account and not yet paid). Notwithstanding the foregoing (but subject to the consent rights set forth in
the first sentence of this Section 9.04(b)), an assignment by a Lender to one of its Affiliates or Related Funds will be effective,
valid, legal and binding without regard to whether the assignor has delivered an Assignment and Assumption or Administrative Questionnaire
to the Administrative Agent (and the acceptance and recordation thereof under paragraph (e) of this Section shall not be required);
provided that the Administrative Agent and the Borrower shall be entitled to deal solely
with the assignor unless and until the date that an Assignment and Assumption and Administrative Questionnaire have been delivered
to the Administrative Agent with respect to the applicable assignee.

 

(c)               
By executing and delivering (to the Administrative Agent or the assigning Lender in the case of an assignment by a Lender
to one of its Affiliates or Related Funds pursuant to the last sentence of paragraph (b) of this Section) an Assignment and Assumption,
the assigning Lender thereunder and the assignee thereunder shall be deemed to confirm to and agree with each other and the other
parties hereto as follows:  (i) such assigning Lender represents and warrants that it is the legal and beneficial
owner of the interest being assigned thereby and that its Commitment, and the outstanding balances of its Loans, in each case without
giving effect to assignments thereof which have not become effective, are as set forth in such Assignment and Assumption; (ii) unless
otherwise agreed to by the assigning Lender and the assignee, the interest being assigned by such assigning Lender is free and
clear of any lien, encumbrance or other adverse claim; (iii) such assigning Lender has full power and authority, and has taken
all action necessary, to execute and deliver the applicable Assignment and Assumption and to consummate the transactions contemplated
thereby; (iv) such assigning Lender assumes no responsibility with respect to (A) any statements, warranties or representations
made in or in connection with this Agreement or any other Loan Document, (B) the execution, legality, validity, enforceability,
genuineness, sufficiency or value of this Agreement, any other Loan Document or any other instrument or document furnished pursuant
hereto or any Collateral thereunder, (C) the financial condition of the Borrower, any Subsidiary, any Affiliate of the Borrower
or any other Person obligated in respect of any Loan Document or (D) the performance or observance by the Borrower, any Subsidiary,
any Affiliate of the Borrower or any other Person obligated in respect of any Loan Document of any of their respective obligations
under this Agreement, any other Loan Document or any other instrument or document furnished pursuant hereto; (v) such assignee
represents and warrants that (A) it has full power and authority, and has taken all action necessary, to execute and deliver the
applicable Assignment and Assumption and to consummate the transactions contemplated thereby and to become a Lender under this
Agreement, (B) it meets all the requirements to be an assignee under Section 9.04(b) (subject to such consents, if any, as may
be required under Section 9.04(b)), (C) from and after the effective date set forth in the applicable Assignment and Assumption,
it shall be bound by the provisions of this Agreement as a Lender hereunder and, to the extent of the interest being assigned to
it pursuant to the applicable Assignment and Assumption, shall have the obligations of a Lender hereunder, (D) it is sophisticated
with respect to decisions to acquire assets of the type represented by the interest being assigned to it pursuant to the applicable
Assignment and Assumption and either it, or the Person exercising discretion in making its decision to acquire such interest, is
experienced in acquiring assets of such type (it being understood and agreed that the representation and warranty set forth in
this Section 9.04(c)(v)(D) shall not apply to any assignee that is a Purchasing Borrower Party in connection with any Discounted
Voluntary Purchase pursuant to and in accordance with Section 2.12(e)), (E) it has received a copy of this

 

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Agreement, and has received
or has been accorded the opportunity to receive copies of the most recent financial statements referred to in Section 3.05(a) or
delivered pursuant to Section 5.04, as applicable, and such other documents and information as it has deemed appropriate to make
its own credit analysis and decision to enter into the applicable Assignment and Assumption and to purchase the interest being
assigned to it thereby and (F) it has, independently and without reliance upon the Administrative Agent, the Collateral Agent,
the Co-Managers, the Arrangers, such assigning Lender or any other Lender and based on such documents and information as it has
deemed appropriate, made its own credit analysis and decision to enter into the applicable Assignment and Assumption and to purchase
the interest assigned thereby; (vi) such assignee will independently and without reliance upon
the Administrative Agent, the Collateral Agent, the Co-Managers, the Arrangers, such assigning Lender or any other Lender and based
on such documents and information as it shall deem appropriate at the time, continue to make its own credit decisions in taking
or not taking action under this Agreement; (vii) such assignee appoints and authorizes the Administrative Agent and the Collateral
Agent to take such action as agent on its behalf and to exercise such powers under this Agreement as are delegated to the Administrative
Agent and the Collateral Agent, respectively, by the terms hereof, together with such powers as are reasonably incidental thereto;
and (viii) such assignee agrees that it will perform in accordance with their terms all the obligations which by the terms
of this Agreement are required to be performed by it as a Lender.

 

(d)               
In connection with any assignment of rights and obligations of any Defaulting Lender hereunder,
no such assignment will be effective unless and until, in addition to the other conditions thereto set forth herein, the parties
to such assignment 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 sub-participations, or other
compensating actions, including funding, with the consent of the Borrower and the Administrative Agent, the applicable pro rata
share of Loans previously requested but not funded by the Defaulting Lender, to each of which the applicable assignee and assignor
hereby irrevocably consent), to (i) pay and satisfy in full all payment liabilities then owed by such Defaulting Lender to the
Administrative Agent, the Issuing Bank, the Swingline Lender and each other Lender hereunder (and interest accrued thereon) and
(ii) acquire (and fund as appropriate) its full pro rata share of all Loans and participations in Letters of Credit and Swingline
Loans in accordance with its applicable percentage thereof. Notwithstanding the foregoing, in the event that any assignment of
rights and obligations of any Defaulting Lender hereunder becomes effective under Applicable Law without compliance with the provisions
of this paragraph, then the assignee of such interest will be deemed to be a Defaulting Lender for all purposes of this Agreement
until such compliance occurs.

 

(e)               
The Administrative Agent, acting for this purpose as an agent of the Borrower, shall maintain at one of its offices in the
City of New York a copy of each Assignment and Assumption delivered to it and one or more registers for the recordation of the
names and addresses of the Lenders, and the Commitment of, and principal amount of the Loans owing to, each Lender pursuant to
the terms hereof from time to time (the “Register”). The entries in the
Register shall be conclusive absent manifest error and the Borrower, the Administrative Agent, the Issuing Bank, the Collateral
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, notwithstanding notice to the contrary. The Register shall be available for inspection by the
Borrower, the Issuing Bank, the Collateral Agent, any Arranger and any Lender, at any reasonable time and from time to time upon
reasonable prior notice, and the Administrative Agent hereby agrees to (i) furnish to MSSF, upon MSSF’s request, a copy of
the Register, (ii) cooperate with MSSF in granting access to the Platform to any Lenders (or potential Lenders) identified by MSSF
and (iii) maintain MSSF’s access to the Platform. In the case of any assignment made in accordance

 

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with the last sentence
of paragraph (b) of this Section that is not reflected in the Register, the assigning Lender shall maintain a comparable register
reflecting such assignment.

 

(f)                
Upon its receipt of a duly completed Assignment and Assumption executed by an assigning Lender and an assignee, an Administrative
Questionnaire completed in respect of the assignee (unless the assignee shall already be a Lender hereunder) and, if required,
the written consent of the Swingline Lender, the Issuing Banks and the Administrative Agent to such assignment, the Administrative
Agent shall (i) accept such Assignment and Assumption, (ii) record the information contained therein in the Register
and (iii) give prompt notice thereof to the Lenders, the Issuing Bank, the Swingline Lender and the Borrower. No assignment
shall be effective unless it has been recorded in the Register as provided in this Section 9.04(f). Notwithstanding the foregoing,
an assignment by a Lender to an Affiliate or Related Fund pursuant to the last sentence of paragraph (b) of this Section shall
not be required to be recorded in the Register to be effective; provided that (i) such assignment
is recorded in a comparable register maintained by the assignor as provided in paragraph (b) of this Section and (ii) the Administrative
Agent and the Borrower shall be entitled to deal solely and directly with the assignor unless and until the date that an Assignment
and Assumption and Administrative Questionnaire have been delivered to the Administrative Agent with respect to the applicable
assignee.

 

(g)               
Each Lender may, without the consent of the Borrower, the Swingline Lender, the Issuing Banks or the Administrative Agent,
sell participations to one or more banks or other entities (other than, for the avoidance of doubt, any natural person) in all
or a portion of its rights and obligations under this Agreement (including all or a portion of its Commitment and the Loans owing
to it); provided, however, 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, (iii) the participating banks or other entities shall be entitled to the benefit of the cost
protection provisions and related obligations contained in Sections 2.14, 2.16, 2.20 and 2.21 to the same extent as if they
were Lenders (but, with respect to any particular participant, to no greater extent than the Lender that sold the participation
to such participant), and such participating banks or other entities shall deliver any forms required to be delivered under such
Sections directly to such Lender, (iv) the Borrower, the Administrative Agent, the Issuing Banks and the Lenders shall continue
to deal solely and directly with such Lender in connection with such Lender’s rights and obligations under this Agreement,
and such Lender shall retain the sole right to enforce the obligations of the Borrower relating to the Loans or L/C Disbursements
and to approve any amendment, modification or waiver of any provision of this Agreement (other than amendments, modifications or
waivers decreasing any fees payable hereunder or the amount of principal of or the rate at which interest is payable on the Loans,
extending any scheduled principal payment date or date fixed for the payment of interest on the Loans, increasing or extending
the Commitments or releasing any Subsidiary Guarantor or all or substantially all of the Collateral) and (v) each
Lender that sells a participation shall, acting solely for this purpose as a nonfiduciary agent of the Borrower, maintain a register
on which it enters the name and address of each participating bank or other entity and the principal amounts (and stated interest)
of each such participating bank’s or other entity’s interest in the Loans or other obligations under the Loan Documents;
provided, further, that no Lender shall have any obligation to disclose all or any portion of any such register
to any Person (including the identity of any participating bank or other entity or any information relating to interests in any
Commitments, Loans, Letters of Credit or its other obligations under any Loan Document) 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 Treasury Regulations; provided, further, the entries in such register
shall be conclusive absent manifest error, and such Lender shall treat each Person whose name is recorded in such register as the
owner of such participation for all purposes of this Agreement notwithstanding any notice to the contrary.

 

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(h)               
Any Lender or participant may, in connection with any assignment, pledge or participation or proposed assignment, pledge
or participation pursuant to this Section 9.04, disclose to the assignee or participant or proposed assignee or participant
any information relating to the Borrower furnished to such Lender by or on behalf of the Borrower; provided
that each such disclosure shall be subject to an agreement by such assignee or participant or proposed assignee or participant
pursuant to and in accordance with Section 9.16(f).

 

(i)                
Each Lender may, without the consent of the Borrower, the Swingline Lender, the Issuing Banks or the Administrative Agent,
at any time pledge or assign all or any portion of its rights under this Agreement to secure extensions of credit to such Lender
or in support of obligations owed by such Lender, including any pledge or assignment to secure obligations to a Federal Reserve
Bank, and, in the case of any Lender that is a fund that invests in bank loans, such Lender may, without the consent of the Borrower,
the Swingline Lender, the Issuing Banks or the Administrative Agent, collaterally pledge or assign all or any portion of its rights
under this Agreement, including the Loans and promissory notes or any other instrument evidencing its rights as a Lender hereunder,
to any holder of, trustee for, or any other representative of any holders of, obligations owed or securities issued by such fund
as security for such obligations or securities; provided that no such pledge or assignment
described in this clause (i) shall release such Lender from any of its obligations hereunder or substitute any such assignee
for such Lender as a party hereto.

 

(j)                
Notwithstanding anything to the contrary contained herein, any Lender (a “Granting
Lender”) may grant to a special purpose funding vehicle (an “SPC”),
identified as such in writing from time to time by the Granting Lender to the Administrative Agent and the Borrower, the option
to provide to the Borrower all or any part of any Loan that such Granting Lender would otherwise be obligated to make to the Borrower
pursuant to this Agreement; provided that (i) nothing herein shall constitute
a commitment by any SPC to make any Loan and (ii) if an SPC elects not to exercise such option or otherwise fails to provide
all or any part of such Loan, the Granting Lender shall be obligated to make such Loan pursuant to the terms hereof. The making
of a Loan by an SPC hereunder shall utilize the Commitment of the Granting Lender to the same extent, and as if, such Loan were
made by such Granting Lender. Each party hereto hereby agrees that no SPC shall be liable for any indemnity or similar payment
obligation under this Agreement (all liability for which shall remain with the Granting Lender). In furtherance of the foregoing,
each party hereto hereby agrees (which agreement shall survive the termination of this Agreement) that, prior to the date that
is one year and one day after the payment in full of all outstanding commercial paper or other senior indebtedness of any SPC,
it will not institute against, or join any other Person in instituting against, such SPC any bankruptcy, reorganization, arrangement,
insolvency or liquidation proceedings under the laws of the United States or any State thereof. In addition, notwithstanding anything
to the contrary contained in this Section 9.04, any SPC may (i) with notice to, but without the prior written consent of,
the Borrower and the Administrative Agent and without paying any processing fee therefor, assign all or a portion of its interests
in any Loans to the Granting Lender or to any financial institutions (consented to by the Borrower and Administrative Agent) providing
liquidity and/or credit support to or for the account of such SPC to support the funding or maintenance of Loans and (ii) disclose
on a confidential basis any non-public information relating to its Loans to any rating agency, commercial paper dealer or provider
of any surety, guarantee or credit or liquidity enhancement to such SPC.

 

(k)               
The Borrower shall not assign or delegate any of its rights or duties hereunder without the prior written consent of the
Administrative Agent, each Issuing Bank and each Lender, and any attempted assignment without such consent shall be null and void.

 

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Section
9.05.             Expenses; Indemnity.
(a)  The Borrower agrees to pay all reasonable and documented out-of-pocket expenses incurred by the Administrative
Agent, the Collateral Agent, the Arrangers, the Issuing Banks and the Swingline Lender, including the reasonable fees, charges
and disbursements of Latham & Watkins LLP, counsel for the Administrative Agent and the Collateral Agent, in connection with
the syndication of the credit facilities provided for herein and the preparation and administration of this Agreement and the other
Loan Documents or in connection with any amendments, modifications or waivers of the provisions hereof or thereof (whether or not
the transactions hereby or thereby contemplated shall be consummated); provided that the Borrower shall not be responsible
for the reasonable fees, charges and disbursements of more than one separate law firm (in addition to one local counsel per relevant
jurisdiction or special counsel, including special workout or regulatory counsel) pursuant to its obligations under this sentence
only. The Borrower also agrees to pay all documented out-of-pocket expenses incurred by the Administrative Agent, the Collateral
Agent, the Arrangers, the Issuing Banks or any Lender in connection with the enforcement or protection of its rights in connection
with this Agreement and the other Loan Documents or in connection with the Loans made or Letters of Credit issued hereunder, including
the fees, charges and disbursements of Latham & Watkins LLP, counsel for the Administrative Agent and the Collateral Agent,
and, in connection with any such enforcement or protection, the fees, charges and disbursements of any other counsel (including
special workout counsel) for the Administrative Agent, the Collateral Agent, the Arrangers, the Issuing Banks or any Lender.

 

(b)               
The Borrower agrees to indemnify the Administrative Agent, the Collateral Agent, the Sustainability Structuring Agent, the
Co-Managers, the Arrangers, each Lender, the Issuing Banks and each Related Party of any of the foregoing Persons (each such Person
being called an “Indemnitee”) against, and to hold each Indemnitee harmless
from, any and all losses, claims, damages, liabilities and related expenses, including reasonable and documented counsel fees,
charges and disbursements, incurred by or asserted against any Indemnitee arising out of, in any way connected with, or as a result
of (i) the execution or delivery of this Agreement or any other Loan Document or any agreement or instrument contemplated
thereby, the performance by the parties thereto of their respective obligations thereunder (including the undertaking of each Indemnitee
under Section 9.21) or the consummation of the Transactions and the other transactions contemplated thereby, (ii) the use
of the proceeds of the Loans or issuance of Letters of Credit, (iii) any claim, litigation, investigation or proceeding relating
to any of the foregoing, whether or not any Indemnitee is a party thereto, or (iv) any actual or alleged presence or Release of
Hazardous Materials, or any non-compliance with Environmental Law, on any property owned or operated by the Borrower or any of
the Subsidiaries, or any Environmental Liability related in any way to the Borrower or any of the Subsidiaries; provided
that such indemnity shall not, as to any Indemnitee, be available to the extent that such losses, claims, damages, liabilities
or related expenses (x) are determined by a court of competent jurisdiction by final and nonappealable judgment to have resulted
from the gross negligence or willful misconduct of such Indemnitee, or to the extent such judgment finds that any such loss, claim,
damage, liability or related expense has resulted from such Indemnitee’s material breach of the Loan Documents, (y) arises
out of any claim, litigation, investigation or proceeding brought by such Indemnitee against another Indemnitee (other than any
claim, litigation, investigation or proceeding that is brought by or against the Administrative Agent or any other Agent or Arranger,
acting in its capacity as such) that does not involve any act or omission of the Borrower or any of its Subsidiaries or (z) apply
with respect to Taxes other than any Taxes that represent losses, claims, damages, etc. arising from any non-Tax claim. 

 

(c)               
To the extent that the Borrower fails to pay any amount required to be paid by them to the Administrative Agent, the Collateral
Agent, the Arrangers, the Issuing Banks or the Swingline Lender under paragraph (a) or (b) of this Section, each Lender severally
agrees to pay to the Administrative Agent, the Collateral Agent, the Arrangers, the Issuing Banks or the Swingline

 

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Lender, as the
case may be, such Lender’s pro rata share (determined as of the time that the applicable unreimbursed expense or indemnity
payment is sought) of such unpaid amount; provided that the unreimbursed expense
or indemnified loss, claim, damage, liability or related expense, as the case may be, was incurred by or asserted against the Administrative
Agent, the Collateral Agent, the Arrangers, the Issuing Banks or the Swingline Lender in its capacity as such. For purposes hereof,
a Lender’s “pro rata share” shall be determined based upon its share of the sum of the Aggregate Revolving Exposure
(including, for the avoidance of doubt any New Revolving Loans and Refinancing Revolving Loans), outstanding Term Loans, New Term
Loans, Refinancing Term Loans and unused Commitments at the time.

 

(d)               
To the extent permitted by applicable law, the Borrower shall not assert, and each hereby
waives, any claim against any Indemnitee, on any theory of liability, for special, indirect, consequential or punitive damages
(as opposed to direct or actual damages) arising out of, in connection with, or as a result of, this Agreement or any agreement
or instrument contemplated hereby, the Transactions, any Loan or Letter of Credit or the use of the proceeds thereof. 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. 

 

(e)               
The provisions of this Section 9.05 shall remain operative and in full force and effect regardless of the expiration
of the term of this Agreement, the consummation of the transactions contemplated hereby, the repayment of any of the Loans, the
expiration of the Commitments, the expiration of any Letter of Credit, the invalidity or unenforceability of any term or provision
of this Agreement or any other Loan Document, or any investigation made by or on behalf of the Administrative Agent, the Collateral
Agent, the Co-Managers, the Arrangers, any Lender or the Issuing Banks. All amounts due under this Section 9.05 shall be payable
promptly upon written demand therefor.

 

Section
9.06.             Right of Setoff.
If an Event of Default shall have occurred and be continuing, each Lender is hereby authorized at any time and from time to time,
except to the extent prohibited by law, to set off and apply any and all deposits (general or special, time or demand, provisional
or final) at any time held and other indebtedness at any time owing by such Lender to or for the credit or the account of the Borrower
against any of and all the obligations of the Borrower now or hereafter existing under this Agreement and other Loan Documents
held by such Lender, irrespective of whether or not such Lender shall have made any demand under this Agreement or such other Loan
Document and although such obligations may be unmatured and shall notify the Administrative Agent promptly of any such setoff.
The rights of each Lender under this Section 9.06 are in addition to other rights and remedies (including other rights of
setoff) which such Lender may have.

 

Section
9.07.             Applicable
Law. THIS AGREEMENT AND THE OTHER LOAN DOCUMENTS
(OTHER THAN LETTERS OF CREDIT AND AS EXPRESSLY SET FORTH IN OTHER LOAN DOCUMENTS) SHALL BE CONSTRUED IN ACCORDANCE WITH AND GOVERNED
BY THE LAWS OF THE STATE OF NEW YORK. EACH LETTER OF CREDIT SHALL BE GOVERNED BY, AND SHALL BE CONSTRUED IN ACCORDANCE WITH, THE
LAWS OR RULES DESIGNATED IN SUCH LETTER OF CREDIT, OR IF NO SUCH LAWS OR RULES ARE DESIGNATED, THE UNIFORM CUSTOMS AND PRACTICE
FOR DOCUMENTARY CREDITS MOST RECENTLY PUBLISHED AND IN EFFECT, ON THE DATE SUCH LETTER OF CREDIT WAS ISSUED, BY THE INTERNATIONAL
CHAMBER OF COMMERCE (THE “UNIFORM CUSTOMS”) AND, AS TO MATTERS NOT GOVERNED BY THE UNIFORM CUSTOMS, THE LAWS
OF THE STATE OF NEW YORK.

 

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Section
9.08.             Waivers; Amendment;
Replacement of Non-Consenting Lenders. (a)  No
failure or delay of the Administrative Agent, the Collateral Agent, any Lender or the Issuing Banks in exercising any power or
right hereunder or under any other Loan Document shall operate as a waiver thereof, nor shall any single or partial exercise of
any such right or power, or any abandonment or discontinuance of steps to enforce such a right or power, preclude any other or
further exercise thereof or the exercise of any other right or power. The rights and remedies of the Administrative Agent, the
Collateral Agent, the Issuing Bank and the Lenders hereunder and under the other Loan Documents are cumulative and are not exclusive
of any rights or remedies that they would otherwise have. No waiver of any provision of this Agreement or any other Loan Document
or consent to any departure by the Borrower or any other Loan Party therefrom shall in any event be effective unless the same shall
be permitted by paragraph (b) below, and then such waiver or consent shall be effective only in the specific instance and
for the purpose for which given. No notice or demand on the Borrower in any case shall entitle the Borrower to any other or further
notice or demand in similar or other circumstances.

 

Neither
this Agreement nor any provision hereof may be waived, amended or modified except pursuant to an agreement or agreements in writing
entered into by the Borrower and the Required Lenders; provided, however,
that no such waiver, agreement or modification shall (i) decrease or forgive the principal amount of, or extend
the maturity of or any scheduled principal payment date or date for the payment of any interest on any Loan or any date for reimbursement
of an L/C Disbursement, or waive or excuse any such payment or any part thereof, or decrease the rate of interest on any Loan or
L/C Disbursement (including waive, rescind or reduce the most favored nation provision under Section 2.24(e)), without the prior
written consent of each Lender directly affected thereby, (ii) increase or extend the
Commitment or decrease or extend the date for payment of any Fees of any Lender without the prior written consent of such Lender, (iii) amend
or modify the pro rata requirements of Section 2.17, the provisions of Sections 2.02, 2.09 and 2.18 requiring ratable distribution
or sharing or ratable funding, the provisions of Section 9.04(k), the provisions of this Section or the definition of the term
“Required Lenders” or release all or substantially all of the Subsidiary Guarantors, except in connection with a release
expressly permitted under the Loan Documents, without the prior written consent of each Lender, (iv) amend or modify
the definition of the term “Majority Revolving Lenders” or “Pro Rata Percentage” without the prior written
consent of each Revolving Lender, (v) amend or modify the definition of the term “Majority Term Lenders” without the
prior written consent of each Term Lender, New Term Lender and Refinancing Term Lender (or, if there are no Term Lenders, New Term
Lenders or Refinancing Term Lenders at such time, without the consent of the Majority Lenders), (vi) except upon payment in
full of the Guaranteed Obligations hereunder (other than indemnification and other contingent obligations that expressly survive
pursuant to the terms of any Loan Document, in each case, not then due and payable), release all or substantially all of the Collateral,
except in connection with a disposition expressly permitted under the Loan Documents, without the prior written consent of each
Lender, (vii) change the provisions of any Loan Document in a manner that by its terms adversely affects the rights in respect
of payments due to Lenders holding Loans of one Class differently from the rights of Lenders holding Loans of any other Class without
the prior written consent of Lenders holding a majority in interest of the outstanding Loans and unused Commitments of each adversely
affected Class, (viii) modify the protections afforded to an SPC pursuant to the provisions of Section 9.04(j) without the written
consent of such SPC or (ix) change the currency in which any Loan or Commitment of any Lender is denominated without the written
consent of such Lender; provided, further,
that no such agreement shall amend, modify or otherwise affect the rights or duties of the Administrative Agent, the Collateral
Agent, the Issuing Bank, the Swingline Lender or the Sustainability Structuring Agent hereunder or under any other Loan Document
without the prior written consent of the Administrative Agent, the Collateral Agent, the Issuing Bank, the Swingline Lender or
the Sustainability Structuring Agent, as applicable (it being understood and agreed that only the prior written consent of the
Borrower and the applicable Issuing

 

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Bank will be required to establish, increase or decrease the maximum Revolving L/C Exposure
in respect of Letters of Credit at any time outstanding issued by such Issuing Bank pursuant to and in accordance with Section
2.23(a)). Notwithstanding anything in this Agreement to the contrary, (x) any amendment, modification, termination, discharge or
waiver of any term or provision of Section 6.11 or 6.12 (including the underlying definitions used therein solely insofar as they
are used for purposes of the financial covenants set forth therein and not for any other purpose under this Agreement) or the proviso
at the end of the first paragraph of Article VII or any provision of the last two paragraphs of Article VII or any waiver of any
Default or Event of Default as a result of a failure to comply with Section 6.11 or 6.12, and/or any waiver of any such Default
of Event of Default, or with respect to any such provision, for purposes of Section 4.01 or 4.02, and/or for purposes of any other
provision requiring the absence of a Default or Event of Default (including the availability of any baskets or other exceptions
or carve-outs to any covenant hereunder) to the extent such Default or Event of Default relates to Section 6.11 or 6.12, and any
amendment to the definition of “Applicable Sustainability Adjustment” (but not to the amount of any adjustment provided
for therein), “Baseline Sustainability Amount”, “KPI Metrics” or any definitions or provisions directly
or indirectly related thereto, shall, in each case, require, and be effective pursuant to, an agreement or agreements in writing
entered into by the Borrower and the Majority Revolving Lenders only, and shall not require the prior written consent of the Required
Lenders, and (y) the Borrower and the Administrative Agent may enter into amendments implementing changes relating to the LIBOR
Successor Rate and other LIBOR Successor Rate Conforming Changes in accordance with the terms of Section 2.08(b).

 

(b)               
Each Lender grants (i) to the Administrative Agent the right (with the prior written consent of the Borrower) to purchase
all, or all of any Class, of such Lender’s Commitments and Loans owing to it and any related promissory notes held by it
and all its rights and obligations hereunder and under the other Loan Documents and (ii) to the Borrower the right to cause an
assignment of all, or all of any Class, of such Lender’s Commitments and Loans owing to it and any related promissory notes
held by it and all its rights and obligations hereunder and under the other Loan Documents to one or more eligible assignees pursuant
to Section 9.04, which right may be exercised by the Administrative Agent or the Borrower, as the case may be, if such Lender (a
“Non-Consenting Lender”) refuses to execute any amendment, modification,
termination, waiver or consent which requires the written consent of Lenders other than the Required Lenders, Majority Revolving
Lenders or Majority Term Lenders, as applicable, and to which the Required Lenders, Majority Revolving Lenders or Majority Term
Lenders, as applicable, and the Borrower have otherwise agreed; provided that such
Non-Consenting Lender shall receive in connection with such purchase or assignment, payment equal to the aggregate amount of outstanding
Loans owed to such Lender, together with all accrued and unpaid interest, fees and other amounts (other than indemnification and
other contingent obligations that expressly survive pursuant to the terms of any Loan Document, in each case, not then due and
payable) owed to such Lender under the Loan Documents at such time; and provided,
further, that any such assignee shall agree to such amendment, modification, termination,
waiver or consent. Each Lender agrees that, if the Administrative Agent or the Borrower, as the case may be, exercises its option
under this Section 9.08(c), such Lender shall, promptly after receipt of written notice of such election, execute and deliver all
documentation necessary to effectuate such assignment in accordance with Section 9.04 (including an Assignment and Assumption duly
executed by such Lender with respect to such assignment). In the event that a Lender does not comply with the requirements of the
immediately preceding sentence within one Business Day after receipt of such notice, the Borrower shall be entitled (but not obligated),
and such Lender authorizes, directs and grants an irrevocable power of attorney (which power is coupled with an interest) to the
Borrower, to execute and deliver, on behalf of such Lender as assignor, all documentation necessary to effectuate such assignment
in accordance with Section 9.04 (including an Assignment and Assumption duly executed by such Lender with respect to such
assignment) in the circumstances contemplated by this Section 9.08(c)

 

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and any documentation so executed and delivered by the Borrower
shall be effective for all purposes of documenting an assignment pursuant to and in accordance with Section 9.04.

 

(c)               
Notwithstanding anything herein to the contrary, during such period as a Lender is a Defaulting
Lender, to the fullest extent permitted by Applicable Law, such Defaulting Lender shall not be entitled to vote in respect of waivers,
amendments or modifications to any Loan Document and the Commitment and the outstanding Loans
or other extensions of credit of such Defaulting Lender hereunder shall not be taken into account in determining whether the Required
Lenders, Majority Revolving Lenders, Majority Term Lenders, all of the Lenders or any other class of Lenders, as required by this
Section 9.08 or otherwise, have approved any such waiver, amendment or modification (and the definitions of “Required Lenders,”
“Majority Revolving Lenders” and “Majority Term Lenders” will automatically be deemed modified accordingly
for the duration of such period); provided that any such waiver, amendment or modification that would increase or extend
the term of the Commitment of such Defaulting Lender, extend the date fixed for the payment of principal or interest owing to such
Defaulting Lender hereunder, reduce the principal amount of any obligation owing to such Defaulting Lender, reduce the amount of
or the rate or amount of interest on any amount owing to such Defaulting Lender or of any fee payable to such Defaulting Lender
hereunder, or alter the terms of this proviso, shall require the prior written consent of such Defaulting Lender.

 

Section
9.09.             Interest
Rate Limitation.(a)Notwithstanding
anything herein to the contrary, if at any time the interest rate applicable to any Loan or participation in any L/C Disbursement,
together with all fees, charges and other amounts which are treated as interest on such
Loan or participation in such L/C Disbursement under applicable law (collectively the “Charges”), shall exceed
the maximum lawful rate (the “Maximum Rate”) which may be contracted for, charged, taken, received or reserved
by the Lender holding such Loan or participation in accordance with applicable law, the rate of interest payable in respect of
such Loan or participation hereunder, together with all Charges payable in respect thereof, shall be limited to the Maximum Rate
and, to the extent lawful, the interest and Charges that would have been payable in respect of such Loan or participation but were
not payable as a result of the operation of this Section 9.09 shall be cumulated and the interest and Charges payable to such
Lender in respect of other Loans or participations or periods shall be increased (but not above the Maximum Rate therefor) until
such cumulated amount, together with interest thereon at the Federal Funds Effective Rate to the date of repayment, shall have
been received by such Lender.

 

Section
9.10.             Entire
Agreement. This Agreement and the other Loan
Documents constitute the entire contract between the parties relative to the subject matter hereof. Any other previous agreement
among the parties with respect to the subject matter hereof is superseded by this Agreement and the other Loan Documents. Nothing
in this Agreement or in the other Loan Documents, expressed or implied, is intended to confer upon any Person (other than the parties
hereto and thereto, their respective successors and assigns permitted hereunder (including any Affiliate of the Issuing Bank that
issues any Letter of Credit) and, to the extent expressly contemplated hereby, the Related Parties of each of the Administrative
Agent, the Collateral Agent, the Arrangers, the Issuing Banks and the Lenders) any rights, remedies, obligations or liabilities
under or by reason of this Agreement or the other Loan Documents.

 

Section
9.11.             WAIVER OF JURY TRIAL.
EACH PARTY HERETO HEREBY WAIVES, TO THE FULLEST EXTENT PERMITTED BY APPLICABLE LAW, ANY RIGHT IT MAY HAVE TO A TRIAL BY JURY IN
RESPECT OF ANY LITIGATION DIRECTLY OR INDIRECTLY ARISING OUT OF, UNDER OR IN CONNECTION WITH THIS AGREEMENT OR ANY OF THE OTHER
LOAN DOCUMENTS. EACH PARTY HERETO (A) CERTIFIES THAT NO REPRESENTATIVE, AGENT OR ATTORNEY OF ANY OTHER PARTY HAS

 

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REPRESENTED,
EXPRESSLY OR OTHERWISE, THAT SUCH OTHER PARTY 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, AS APPLICABLE,
BY, AMONG OTHER THINGS, THE MUTUAL WAIVERS AND CERTIFICATIONS IN THIS SECTION 9.11.

 

Section
9.12.             Severability.
In the event any one or more of the provisions contained in this Agreement or in any other Loan Document should be held invalid,
illegal or unenforceable in any respect, the validity, legality and enforceability of the remaining provisions contained herein
and therein shall not in any way be affected or impaired thereby (it being understood that the invalidity of a particular provision
in a particular jurisdiction shall not in and of itself affect the validity of such provision in any other jurisdiction). The parties
shall endeavor in good-faith negotiations to replace the invalid, illegal or unenforceable provisions with valid provisions the
economic effect of which comes as close as possible to that of the invalid, illegal or unenforceable provisions.

 

Section
9.13.             Counterparts.
This Agreement may be executed in counterparts (and by different parties hereto on different counterparts), each of which shall
constitute an original but all of which when taken together shall constitute a single contract, and shall become effective as provided
in Section 9.03. Delivery of an executed signature page to this Agreement by facsimile or other electronic transmission (including
in .pdf or .tif format) shall be as effective as delivery of a manually signed counterpart of this Agreement.

 

Section
9.14.             Headings.
Article and Section headings and the Table of Contents used herein are for convenience of reference only, are not part of this
Agreement and are not to affect the construction of, or to be taken into consideration in interpreting, this Agreement.

 

Section
9.15.             Jurisdiction; Consent to Service of Process.
(a)  The Borrower hereby irrevocably and unconditionally submits, for itself and its property, to the exclusive
jurisdiction of any New York State court located in New York City, Borough of Manhattan, or Federal court of the United States
of America sitting in the Southern District of New York, and any appellate court from any thereof, in any action or proceeding
arising out of or relating to this Agreement or the other Loan Documents (other than with respect to any action or proceeding by
the Administrative Agent, the Collateral Agent, the Borrower or any other Loan Party in respect of rights under any Security Document
governed by laws other than the laws of the State of New York or with respect to any Collateral subject thereto), or for recognition
or enforcement of any judgment, and each of the parties hereto hereby irrevocably and unconditionally agrees that all claims in
respect of any such action or proceeding may be heard and determined in such New York State or, to the extent permitted by
law, in such Federal court. Each of the parties hereto agrees that a final judgment in any such action or proceeding shall be conclusive
and may be enforced in other jurisdictions by suit on the judgment or in any other manner provided by law. Nothing in this Agreement
shall affect any right that the Administrative Agent, the Collateral Agent, the Arrangers, the Issuing Banks or any Lender may
otherwise have to bring any action or proceeding relating to this Agreement or the other Loan Documents against the Borrower or
its properties in the courts of any jurisdiction.

 

(b)               
The Borrower hereby irrevocably and unconditionally waives, to the fullest extent it may legally and effectively do so,
any objection which it may now or hereafter have to the laying of venue of any suit, action or proceeding arising out of or relating
to this Agreement or the other Loan Documents in any New York State or Federal court.
Each of the parties hereto hereby

 

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irrevocably waives, to the fullest extent permitted by law, the defense of an inconvenient forum
to the maintenance of such action or proceeding in any such court.

 

(c)               
Each party to this Agreement irrevocably consents to service of process in the manner provided for notices in Section 9.01.
Nothing in this Agreement will affect the right of any party to this Agreement to serve process in any other manner permitted by
law.

 

Section
9.16.             Confidentiality.
Each of the Administrative Agent, the Collateral Agent, the Issuing Banks and the Lenders agrees to maintain the confidentiality
of the Information, except that Information may be disclosed (a) to its respective Affiliates and to its and its Affiliates’
respective partners, trustees, controlling persons, members, officers, directors, employees, representatives and agents, including
accountants, legal counsel and other advisors (it being understood that the Persons to whom such disclosure is made will be informed
of the confidential nature of such Information and instructed to keep such Information confidential), (b) to
the extent requested by any regulatory authority purporting to have jurisdiction over it or any
of its affiliates (including any self-regulatory authority, such as the National
Association of Insurance Commissioners or any bank regulatory authority), (c) to
the extent required by Applicable Laws or by any subpoena or similar legal or administrative process, (d) to any other party hereto,
(e) in connection with the exercise of any remedies hereunder or under any other Loan Document or any suit, action or proceeding
relating to this Agreement or any other Loan Document (or any of the transactions contemplated hereby or thereby) or the enforcement
of its rights hereunder or thereunder, (f) subject to an agreement containing
provisions at least as restrictive as those of this Section 9.16 (including
any “click through” or similar agreement), to (i) any
actual or prospective assignee of or participant in any of its rights or obligations under this Agreement and the other Loan Documents,
(ii) any pledgee referred to in Section 9.04(h) or (iii) any actual or prospective counterparty (or its advisors) to any interest
rate swap or other similar derivative transaction relating to this Agreement, (g) to credit insurance providers, (h) with
the consent of the Borrower, (i) to the extent such Information becomes publicly available other than as a result of a breach
of this Section 9.16, (j) to ratings agencies or (k) to market data collectors, similar services providers to the lending
industry, and service providers to the Administrative Agent, the Collateral Agent, the Issuing Banks and the Lenders in connection
with the administration and management of this Agreement and the other Loan Documents. For the purposes of this Section, “Information”
shall mean all financial statements, certificates, reports, agreements and other information received from the Borrower or its
Subsidiaries and related to the Borrower or its business, other than any such financial statements, certificates, reports, agreements
and other information that was available to the Administrative Agent, the Collateral Agent, any Issuing Bank or any Lender on a
nonconfidential basis prior to its disclosure by the Borrower or is or was independently developed by
the Administrative Agent, the Collateral Agent, any Issuing Bank, any Lender or any of their
respective affiliates; provided that any Information
received from the Borrower after the Closing Date shall be clearly identified in writing at the time of delivery as confidential.
Any Person required to maintain the confidentiality of Information as provided in this Section 9.16 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 its own confidential information. Notwithstanding any other express or implied
agreement, arrangement or understanding to the contrary, each of the parties hereto agrees that each other party hereto (and each
of its employees, representatives or agents) are permitted to disclose to any Persons, without limitation, the tax treatment and
tax structure of the Loans and the other transactions contemplated by the Loan Documents and all materials of any kind (including
opinions and tax analyses) that are provided to the Loan Parties, the Lenders, the Arrangers or any Agent related to such tax treatment
and tax aspects. To the extent not inconsistent with the immediately preceding sentence, this authorization does not extend to
disclosure of any other information or any

 

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other term or detail not related to the tax treatment or tax aspects of the Loans or
the transactions contemplated by the Loan Documents. 

 

Section
9.17.             Mortgage Modifications.
As a condition precedent to the Borrower’s incurrence of additional Indebtedness pursuant to Section 2.24 or 2.25 and to
the extent applicable additional Indebtedness is required by its terms to be secured by a first priority Lien pursuant to clause
(a) of the definition of “Permitted Liens,” or on such later date as the Administrative Agent may approve in its sole
discretion, the Borrower shall satisfy the following requirements: 

 

(a)               
the Subsidiary Guarantors shall enter into, and deliver to the Administrative Agent and the Collateral Trustee, at the direction
and in the sole discretion of the Administrative Agent and/or the Collateral Trustee (i) in the case of additional Indebtedness
incurred pursuant to Section 2.24 or 2.25, a mortgage modification or new Mortgage, and (ii) in the case of additional Indebtedness
required by its terms to be secured by a first priority Lien pursuant to clause (a) of the definition of “Permitted Liens,”
a new Mortgage; in each case in proper form for recording in the relevant jurisdiction and in a form reasonably satisfactory to
the Administrative Agent;

 

(b)               
the Borrower shall deliver a local counsel opinion in form and substance as set forth in Section 4.02(a)(ii) of this Agreement;

 

(c)               
the Borrower shall have caused a title company approved by the Administrative Agent to have
delivered to the Administrative Agent and the Collateral Trustee an endorsement to the title insurance policy delivered pursuant
to Section 9.19(c) of the Existing Credit Agreement or Section 5.09(b)(ii)(A), as applicable, date down(s) or other evidence reasonably
satisfactory to the Administrative Agent and/or the Collateral Trustee insuring that (i) the priority of the liens evidenced
by insuring the continuing priority of the Lien of the Mortgage as security for such Indebtedness has not changed and (ii) confirming
and/or insuring that (a) since the immediately prior incurrence of such additional Indebtedness, there has been no change
in the condition of title and (b) there are no intervening liens or encumbrances which may then or thereafter take priority
over the Lien of the Mortgage, other than the Permitted Liens (without adding any additional exclusions or exceptions to
coverage);

 

(d)               
with respect to each Mortgaged Property required to be insured pursuant to the Flood Disaster
Protection Act of 1973 or the National Flood Insurance Act of 1968, and the regulations promulgated thereunder, because it is located
in an area which has been identified by the Secretary of Housing and Urban Development as a “special flood hazard area,”
the Borrower or the applicable Subsidiary Guarantor shall deliver to the Administrative Agent (i)
a policy of flood insurance that (A) covers such Mortgaged Property and (B) is written in an amount reasonably satisfactory
to the Administrative Agent, (ii) a “life of loan” standard flood hazard determination with respect to such Collateral
and (iii) a confirmation that the Borrower or such Subsidiary Guarantor has received the notice requested pursuant to Section 208(e)(3)
of Regulation H of the Board; and

 

(e)               
the Borrower shall, upon the request of the Administrative Agent and/or the Collateral Trustee, deliver to the approved
title company, the Collateral Trustee, the Administrative Agent and/or all other relevant third parties all other items reasonably
necessary to maintain the continuing priority of the Lien of the Mortgage as security for such Indebtedness.

 

Section
9.18.             Effect
of Amendment and Restatement. (a)  On
the Closing Date, the Existing Credit Agreement shall be refinanced in its entirety by this Agreement, and the Existing Credit
Agreement shall thereafter be of no further force and effect and shall be deemed replaced and superseded in all respects by this
Agreement, except to evidence the incurrence by the Borrower

 

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of the “Obligations” under and as defined in the Existing
Credit Agreement (whether or not such “Obligations” are contingent as of the Closing Date) and the Liens and security
interests as granted under the applicable Loan Documents securing payment of such “Obligations” are in all respects
continuing and in full force and effect and are reaffirmed hereby.

 

(b)               
The Lenders hereby authorize and direct the Collateral Trustee (as defined in the Collateral Trust Agreement) to execute
and deliver all Security Documents and other documents or instruments necessary or advisable to effect this Agreement, including,
for the avoidance of doubt, any modifications to any Mortgages previously executed and delivered to the Collateral Trustee (as
defined in the Collateral Trust Agreement) by any Loan Party.

 

Section
9.19.             Permitted
Amendments. (a)  The Borrower
may, by written notice to the Administrative Agent (who shall promptly notify the Tranche B Revolving Lenders) request that each
Tranche B Revolving Lender extend such Lender’s Tranche B Revolving Maturity Date to the date that is one year after the
date described in clause (x) of the definition of “Tranche B Revolving Maturity Date” (each such request, a “Tranche
B Extension Request”). Such notice shall set forth the date on which responses from the Tranche B Revolving Lenders are
required to be received (which shall not be less than three Business Days after the date of such notice). Only those Tranche B
Revolving Lenders that consent to such Tranche B Extension Request (the “Accepting Tranche B Revolving Lenders”)
will have the maturity of their applicable Tranche B Revolving Loans and Tranche B Revolving Commitments extended. The Borrower
and each Accepting Tranche B Revolving Lender shall execute and deliver to the Administrative Agent such documentation as the Administrative
Agent shall reasonably specify to evidence the acceptance of the Tranche B Extension Request and the terms and conditions thereof.
The Administrative Agent shall promptly notify each Lender as to the effectiveness of each Tranche B Extension Request. Each of
the parties hereto hereby agrees that, upon the effectiveness of any Tranche B Extension Request, this Agreement shall be deemed
amended, as may be necessary or appropriate, in the opinion of the Administrative Agent, to effect the terms and provisions of
the Tranche B Extension Request with respect to the Tranche B Revolving Loans and Tranche B Revolving Commitments of the Accepting
Tranche B Revolving Lenders (including any amendments necessary to treat the Tranche B Revolving Loans and Tranche B Revolving
Commitments of the Accepting Tranche B Lenders in a manner consistent with the other Loans and Commitments under this Agreement).
Notwithstanding the foregoing, no Tranche B Extension Request shall become effective under this Section 9.19 unless the Administrative
Agent, to the extent so reasonably requested by the Administrative Agent, shall have received legal opinions, board resolutions
and Officers’ Certificates consistent with those delivered pursuant to Section 4.02.

 

(b)                  
Without limiting the foregoing, the Borrower may, by written notice to the Administrative Agent from time to time, make
one or more offers to all Lenders of an applicable Class to make one or more Permitted Amendments pursuant to procedures reasonably
specified by the Administrative Agent and reasonably acceptable to the Borrower. Such notice shall set forth (i) the terms and
conditions of the requested Permitted Amendments and (ii) the date on which responses from the applicable Lenders in respect of
such Permitted Amendment are required to be received (which shall not be less than three Business Days after the date of such notice).
Only those Lenders that consent to such Permitted Amendment (the “Accepting Lenders”) will have the maturity
of their applicable Loans and Commitments extended and be entitled to receive any increase in the Applicable Margin and any fees
(including prepayment premiums or fees), in each case, as provided therein.

 

(c)                  
The Borrower and each Accepting Lender shall execute and deliver to the Administrative Agent
such documentation as the Administrative Agent shall reasonably specify to evidence the acceptance of the Permitted Amendments
and the terms and conditions thereof. The

 

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Administrative Agent shall promptly notify each Lender as to the effectiveness of each
Permitted Amendment. Each of the parties hereto hereby agrees that, upon the effectiveness of any Permitted Amendment, this Agreement
shall be deemed amended, as may be necessary or appropriate, in the opinion of the Administrative Agent, to effect the terms and
provisions of the Permitted Amendment with respect to the Loans and Commitments of the Accepting Lenders (including any amendments
necessary to treat the Loans and Commitments of the Accepting Lenders in a manner consistent with the other Loans and Commitments
under this Agreement). Notwithstanding the foregoing, no Permitted Amendment shall become effective under this Section 9.19 unless
the Administrative Agent, to the extent so reasonably requested by the Administrative Agent, shall have received legal opinions,
board resolutions and Officers’ Certificates consistent with those delivered pursuant to Section 4.02.

 

Section
9.20.             Certain
Undertakings with Respect to Securitization Vehicles.
(a) Each Secured Party, the Administrative Agent and the Collateral Agent agrees, and shall instruct the Collateral
Trustee, that, prior to the date that is one year and one day after the payment in full of all the obligations of the Securitization
Vehicle in connection with and under a Securitization, (i) the Collateral Agent and the other Secured Parties shall not be
entitled, whether before or after the occurrence of any Event of Default, to (A) institute against, or join any other Person
in instituting against, any Securitization Vehicle any bankruptcy, reorganization, arrangement, insolvency or liquidation proceeding
under the laws of the United States or any State thereof, (B) transfer and register the capital stock of any Securitization
Vehicle or any other instrument evidencing any Sellers’ Retained Interest in the name of the Collateral Agent or a Secured
Party or any designee or nominee thereof, (C) foreclose such security interest regardless of the bankruptcy or insolvency
of the Borrower or any Restricted Subsidiary, (D) exercise any voting rights granted or appurtenant to such capital stock
of any Securitization Vehicle or any other instrument evidencing any Sellers’ Retained Interest or (E) enforce any right
that the holder of any such capital stock of any Securitization Vehicle or any other instrument evidencing any Sellers’ Retained
Interest might otherwise have to liquidate, consolidate, combine, collapse or disregard the entity status of such Securitization
Vehicle and (ii) the Collateral Agent and other Secured Parties hereby waive and release any right to require (A) that
any Securitization Vehicle be in any manner merged, combined, collapsed or consolidated with or into the Borrower or any Restricted
Subsidiary, including by way of substantive consolidation in a bankruptcy case or (B) that the status of any Securitization
Vehicle as a separate entity be in any respect disregarded. Each Secured Party, the Administrative Agent and the Collateral Agent
agree and acknowledge, and shall instruct the Collateral Trustee, that the agent acting on behalf of the holders of securitization
indebtedness of the Securitization Vehicle is an express third party beneficiary with respect to this Section 9.20 and such
agent shall have the right to enforce compliance by the Secured Parties, the Administrative Agent, the Collateral Agent and the
Collateral Trustee with this Section.

 

(b)               
Upon the transfer or purported transfer by the Borrower or any Restricted Subsidiary of Securitization Assets to a Securitization
Vehicle in a Securitization, any Liens with respect to such Securitization Assets arising under this Agreement or any Security
Document related to this Agreement shall automatically be released (and each of the Administrative Agent and the Collateral Agent,
as applicable, is hereby authorized, and shall instruct the Collateral Trustee, to execute and enter into any such releases and
other documents as the Borrower may reasonably request in order to give effect thereto).

 

Section
9.21.             Undertaking Regarding Bankruptcy or Similar
Proceeding against Funded L/C SPV. (a)  No
party hereto shall institute (and the Borrower shall cause each other Subsidiary not to institute) against the Funded L/C SPV any
voluntary or involuntary bankruptcy, reorganization, insolvency, liquidation or similar proceeding, prior to the date that is one
year and one day after the payment in full of all outstanding obligations of the Funded L/C SPV with respect

 

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to any Cash Collateralized
Letter of Credit Facility. The agreement in the preceding sentence shall survive the termination of the Commitments and the payment
in full of the Loans, Fees and all other expenses or amounts payable under any Loan Document.

 

(b)               
Each Lender, the Administrative Agent and the Collateral Agent hereby agree, and shall instruct
the Collateral Trustee, that, prior to the date that is one year and one day after the later of the payment in full of all the
obligations of the Funded L/C SPV in connection with and under Cash Collateralized Letter of Credit Facilities or the latest expiration
of the letters of credit issued thereunder, (i) the Lenders, the Administrative Agent, the Collateral Agent and the Collateral
Trustee shall not be entitled, whether before or after the occurrence of any Event of Default, to (A) institute, or join any other
Person in instituting, against the Funded L/C SPV any bankruptcy, reorganization, arrangement, insolvency or liquidation proceeding
under the laws of the United States or any State thereof or (B) for so long as the
Class A Membership Units of the Funded L/C SPV are owned by any Loan Party, enforce any right that the holder of the Class A Membership
Units of the Funded L/C SPV might otherwise have to liquidate, consolidate, combine, collapse or disregard the entity status of
the Funded L/C SPV and (ii) each Lender, the Administrative Agent and the Collateral Agent hereby waive and release any right to
require that (A) the Funded L/C SPV be in any manner merged, combined, collapsed or consolidated with or into the Borrower, any
Subsidiary or any affiliate of the Borrower, including by way of substantive consolidation in a bankruptcy case or (B) the status
of the Funded L/C SPV as a separate entity be in any respect disregarded.   Each Lender, the Administrative Agent and
the Collateral Agent agree and acknowledge, and shall instruct the Collateral Trustee, that each LC Issuer under any Cash Collateralized
Letter of Credit Facility is an express third party beneficiary with respect to this Section 9.21(b) and such LC Issuer shall have
the right to enforce compliance by the Lenders, the Administrative Agent, the Collateral Agent and the Collateral Trustee with
this Section 9.21(b).

 

Section
9.22.             PATRIOT
Act. Each
Lender and the Administrative Agent (for itself and not on behalf of any Lender) hereby notifies the Borrower and each other Loan
Party that pursuant to the requirements of the PATRIOT Act, it is required to obtain, verify and record information that identifies
each Loan Party, which information includes the name and address of each Loan Party and other information that will allow such
Lender or Administrative Agent, as applicable, to identify such Loan Party in accordance with the PATRIOT Act.

 

Section
9.23.             No Fiduciary Duty.
Each Agent, each Arranger, each Co-Manager, each Lender
and their respective Affiliates (collectively, solely for purposes of this Section 9.23, the “Lenders”), may
have economic interests that conflict with those of the Loan Parties, their equity holders and/or their Affiliates. The Borrower
hereby agrees that nothing in the Loan Documents will be deemed to create an advisory, fiduciary or agency relationship or fiduciary
or other implied duty between any Lender, on the one hand, and the Borrower, its equity holders or its Affiliates, on the other
hand. The Borrower hereby acknowledges and agrees that (a) the transactions contemplated by this Agreement and the other Loan Documents
are arm’s-length commercial transactions between the Lenders, on the one hand, and the Loan Parties, on the other hand, and
(b) in connection therewith and with the process leading thereto, (i) no Lender has assumed an advisory or fiduciary responsibility
in favor of any Loan Party, its equity holders or its Affiliates with respect to the transactions contemplated by this Agreement
and the other Loan Documents (or the exercise of rights or remedies with respect thereto) or the process leading thereto (irrespective
of whether any Lender has advised, is currently advising or will advise any Loan Party, its equity holders or its Affiliates on
other matters) or any other obligation to any Loan Party except the obligations expressly set forth in the Loan Documents and (ii)
each Lender is acting solely as principal and not as the agent or fiduciary of any Loan Party, its management, stockholders, creditors
or any other Person. Each Loan Party acknowledges and agrees that it has consulted its own legal and financial advisors to the
extent it deemed appropriate and that it is responsible for

 

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making its own independent judgment with respect to such transactions
and the process leading thereto. Each Loan Party agrees that it will not claim that any Lender has rendered advisory services of
any nature or respect, or owes a fiduciary duty to such Loan Party, in connection with such transaction or the process leading
thereto. 

 

Section
9.24.             Acknowledgment and Consent to Bail-In of
Affected Financial Institutions. Notwithstanding
anything to the contrary in any Loan Document or in any other agreement, arrangement or understanding among any such parties, each
party hereto acknowledges that any liability of any Affected Financial Institution arising under any Loan Document, to the extent
such liability is unsecured, may be subject to the Write-Down and Conversion Powers of the applicable Resolution Authority and
agrees and consents to, and acknowledges and agrees to be bound by:

 

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

 

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

 

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

 

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

 

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

 

Section
9.25.             Release and Reinstatement of Collateral.

 

(a)               
Notwithstanding anything to the contrary contained in this Agreement or any other Loan Document,
if at any time (including after a Collateral Reinstatement Event shall have occurred) a Collateral Release Event shall have occurred
and be continuing, the Borrower shall have the right to require that the Liens and other security interests created under the Security
Documents shall no longer secure the Guaranteed Obligations, and that the Guaranteed Obligations shall no longer constitute Priority
Lien Obligations under the Collateral Trust Agreement. Upon delivery to the Administrative Agent, the Collateral Agent and the
Collateral Trustee of an Officers’ Certificate certifying to the occurrence of the Collateral Release Event and directing
the Collateral Agent and the Collateral Trustee to release the Collateral securing the Guaranteed Obligations (the date of delivery
of such Officers’ Certificate, the “Collateral Release Date”), all Liens and other security interests
created under the Security Documents shall automatically cease to secure the Guaranteed Obligations and all covenants contained
in this Agreement or any other Loan Document related to the grant or perfection of Liens on the Collateral to secure the Guaranteed
Obligations shall be deemed to be of no force or effect. On and after the Collateral Release Date, the Collateral Agent
shall, and shall direct the Collateral Trustee to, execute and deliver all such instruments, releases,
financing statement amendments, Mortgage amendments or other agreements, and take all such further actions, at the request and
expense of the Borrower, as shall be necessary to effectuate the foregoing and ensure that the Guaranteed Obligations shall no
longer constitute Priority Lien Obligations under the Collateral Trust Agreement and, each of the Lenders hereby

 

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irrevocably authorizes
and directs the Administrative Agent, the Collateral Agent and the Collateral Trustee to execute and deliver each such instrument,
release, financing statement amendment, Mortgage amendment or other agreement. Each Lender hereby authorizes the Administrative
Agent, the Collateral Agent and the Collateral Trustee to enter into such amendments to the Collateral Trust Agreement and the
other Security Documents as the Collateral Trustee, the Administrative Agent and the Collateral Agent reasonably deem necessary
or advisable to effect the release of Liens and security interests securing the Guaranteed Obligations during a Collateral Release
Period as contemplated in this Section 9.25.

 

(b)               
If, on any subsequent date, a Collateral Reinstatement Event shall occur, all Collateral and
the Security Documents, and all Liens and security interests created thereunder, shall be reinstated automatically to secure the
Guaranteed Obligations on the same terms as of the applicable Collateral Reinstatement Date, and the Loan Parties shall take all
actions and deliver and execute all documents necessary or reasonably requested by the Administrative Agent to satisfy Section
5.09 and otherwise to grant to the Collateral Trustee, for the benefit of the Secured Parties, a perfected (subject to the limitations
set forth in Section 3.19) first priority security interest in the Collateral (other than any Excluded Perfection Assets and,
except with respect to Pledged Securities in the possession of the Collateral Trustee, subject to Permitted Liens, and in respect
of Pledged Securities in the possession of the Collateral Trustee, the Permitted Liens set forth in clause (g) of the definition
thereof and with respect to any other Priority Lien Obligations) within 30 days of the occurrence
of such Collateral Reinstatement Event (which 30 day period may be extended by the Administrative Agent in its reasonable discretion,
without the requirement of any Lender consent) (the first date on which new security documentation is required to be delivered
pursuant to the foregoing, the “Collateral Reinstatement Date”).

 

(c)               
In the event of any such reinstatement on a Collateral Reinstatement Date, no action taken or omitted to be taken by Borrower
or any of its Subsidiaries relating to the Borrower’s and the Guarantor’s obligations to secure the Guaranteed Obligations
with the Collateral prior to such reinstatement will give rise to a Default or Event of Default, and no Default or Event of Default
will be deemed to exist or have occurred as a result of any failure by the Borrower or any Guarantor to secure the Guaranteed Obligations
with the Collateral prior to such reinstatement; provided that all Liens incurred pursuant to clause (bb) of the definition
of “Permitted Liens” during the Collateral Release Period will be classified to have been incurred or issued pursuant
to clause (f) of the definition of “Permitted Liens”. Notwithstanding that obligations to secure the Guaranteed Obligations
with the Collateral may be reinstated after the Collateral Reinstatement Date, no Default, Event of Default or breach of any kind
related to the obligations to secure the Guaranteed Obligations with the Collateral will be deemed to exist hereunder with respect
to the such covenants, and none of the Borrower or any of the Guarantors shall bear any liability for any actions taken or events
occurring during the Collateral Release Period, or any actions taken at any time pursuant to any contractual obligation arising
during any Collateral Release Period, in each case as a result of a failure to comply with such covenants during the Collateral
Release Period (or, upon termination of the Release Period or after that time based solely on any action taken or event that occurred
during the Collateral Release Period).

 

Section
9.26.             Acknowledgement Regarding Any Supported
QFCs.

 

To
the extent that the Loan Documents provide support, through a guarantee or otherwise, for Hedging Obligations or any other agreement
or instrument that is a QFC (such support, “QFC Credit Support” and each such QFC a “Supported QFC”),
the parties acknowledge and agree that with respect to the resolution power of the Federal Deposit Insurance Corporation under
the Federal Deposit Insurance Act and Title II of the Dodd-Frank Wall Street Reform and Consumer Protection Act (together with
the regulations promulgated thereunder, the “U.S. Special Resolution Regimes”)

 

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in respect of such Supported
QFC and QFC Credit Support (with the provisions set out herein applicable notwithstanding that the Loan Documents and any Supported
QFC may in fact be stated to be governed by the laws of the State of New York and/or of the United States or any other state of
the United States), in the event a Covered Entity that is party to a Supported QFC (each, a “Covered Party”)
becomes subject to a proceeding under a U.S. Special Resolution Regime, the transfer of such Supported QFC and the benefit of such
QFC Credit Support (and any interest and obligation in or under such Supported QFC and such QFC Credit Support, and any rights
in property securing such Supported QFC or such QFC Credit Support) from such Covered Party will be effective to the same extent
as the transfer would be effective under the U.S. Special Resolution Regime if the Supported QFC and such QFC Credit Support (and
any such interest, obligation and rights in property) were governed by the laws of the United States or a state of the United States.
In the event a Covered Party or a BHC Act Affiliate of a Covered Party becomes subject to a proceeding under a U.S. Special Resolution
Regime, Default Rights under the Loan Documents that might otherwise apply to such Supported QFC or any QFC Credit Support that
may be exercised against such Covered Party are permitted to be exercised to no greater extent than such Default Rights could be
exercised under the U.S. Special Resolution Regime if the Supported QFC and the Loan Documents were governed by the laws of the
United States or a state of the United States. Without limitation of the foregoing, it is understood and agreed that rights and
remedies of the parties with respect to a Defaulting Lender shall in no event affect the rights of any Covered Party with respect
to a Supported QFC or any QFC Credit Support.

 

Section
9.27. Judgment Currency.

 

(a)               
The obligations of the Borrower under the Loan Documents to make payments in dollars or an Alternative Currency, as the
case may be (the “Obligation Currency”), shall not be discharged or satisfied by any tender or recovery pursuant
to any judgment expressed in or converted into any currency other than the Obligation Currency, except to the extent that such
tender or recovery results in the effective receipt by the Administrative Agent or a Lender of the full amount of the Obligation
Currency expressed to be payable to the Administrative Agent or Lender under the Loan Documents. If, for the purpose of obtaining
or enforcing judgment against any Loan Party in any court or in any jurisdiction, it becomes necessary to convert into or from
any currency other than the Obligation Currency (such other currency being hereinafter referred to as the “Judgment Currency”)
an amount due in the Obligation Currency, the conversion shall be made, at the Dollar Equivalent of such amount, in each case,
as of the date immediately preceding the day on which the judgment is given (such Business Day being hereinafter referred to as
the “Judgment Currency Conversion Date”).

 

(b)               
If there is a change in the rate of exchange prevailing between the Judgment Currency Conversion
Date and the date of actual payment of the amount due, the Borrower covenants and
agrees to pay, or cause to be paid, such additional amounts, if any (but in any event not a lesser amount), as may be necessary
to ensure that the amount paid in the Judgment Currency, when converted at the rate of exchange
prevailing on the date of payment, will produce the amount of the Obligation Currency which
could have been purchased with the amount of Judgment Currency stipulated in the judgment
or judicial award at the rate of exchange prevailing on the Judgment Currency Conversion Date.
The Borrower shall indemnify and save the Administrative Agent and the Lenders harmless from and against all loss or damage arising
as a result of such deficiency. This indemnity shall constitute an obligation separate and independent from the other obligations
contained in this Agreement and the other Loan Documents, shall give rise to a separate and independent cause of action, shall
apply irrespective of any indulgence granted by the Administrative Agent from time to time and shall continue in full force and
effect notwithstanding any judgment or order for a liquidated sum in respect of an amount due under this Agreement or any other
Loan Document or under any judgment or order.

 

    173

     

    

 

For purposes of determining
the Dollar Equivalent, such amounts shall include any premium and costs payable in connection with the purchase of the Obligation
Currency.

 

    174

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