Document:

EX-10.10

 Exhibit 10.10 

EXECUTION VERSION 

GUARANTEE AND COLLATERAL AGREEMENT 

Dated as of March 21, 2017, 

by and among 
 SUMMIT
MIDSTREAM PARTNERS HOLDINGS, LLC, 
 as Grantor, 

SUMMIT MIDSTREAM PARTNERS, LLC, 

as Pledgor and as Guarantor, 

and 
 CREDIT SUISSE AG,
CAYMAN ISLANDS BRANCH, 
 as Collateral Agent 
  

 TABLE OF CONTENTS 

 

							
	 	  	Page	 
	 ARTICLE 1 DEFINITIONS
	  	 	1	 
			
	 Section 1.01
	    	Loan Agreement	  	 	1	 
	 Section 1.02
	    	Other Defined Terms	  	 	2	 
		
	 ARTICLE 2 GUARANTEE
	  	 	4	 
			
	 Section 2.01
	    	Guarantee	  	 	4	 
	 Section 2.02
	    	Guarantee of Payment	  	 	4	 
	 Section 2.03
	    	No Limitations, Etc.	  	 	5	 
	 Section 2.04
	    	Reinstatement	  	 	6	 
	 Section 2.05
	    	Agreement to Pay; Subrogation	  	 	6	 
	 Section 2.06
	    	Information	  	 	6	 
	 Section 2.07
	    	Payments Free and Clear of Taxes, etc	  	 	6	 
		
	 ARTICLE 3 PLEDGE AGREEMENT
	  	 	6	 
			
	 Section 3.01
	    	Pledge	  	 	6	 
	 Section 3.02
	    	Delivery of the Pledged Stock	  	 	7	 
	 Section 3.03
	    	Representations and Warranties of the Parent	  	 	7	 
	 Section 3.04
	    	Certain Covenants of the Parent	  	 	9	 
	 Section 3.05
	    	Authorization to File UCC Financing Statements	  	 	9	 
		
	 ARTICLE 4 SECURITY AGREEMENT
	  	 	9	 
			
	 Section 4.01
	    	Security Interest	  	 	9	 
	 Section 4.02
	    	Representations and Warranties	  	 	11	 
	 Section 4.03
	    	Covenants	  	 	12	 
	 Section 4.04
	    	Further Assurances with Respect to Article 9 Collateral	  	 	12	 
	 Section 4.05
	    	Exclusions from Collateral	  	 	13	 
		
	 ARTICLE 5 CERTAIN MATTERS RELATING TO PLEDGED EQUITY INTERESTS
	  	 	13	 
			
	 Section 5.01
	    	Status as “Securities” of Limited Liability Company Interests under Article 8	  	 	13	 
	 Section 5.02
	    	Voting Rights; Dividends and Interest, Etc	  	 	13	 
		
	 ARTICLE 6 REMEDIES
	  	 	15	 
			
	 Section 6.01
	    	Remedies Upon Default	  	 	15	 
	 Section 6.02
	    	Application of Proceeds	  	 	16	 
	 Section 6.03
	    	Grant of License to Use Intellectual Property	  	 	17	 
	 Section 6.04
	    	Investment Related Property	  	 	17	 

  
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	 ARTICLE 7 SUBROGATION AND SUBORDINATION
	  	 	18	 
			
	 Section 7.01
	    	 Subrogation and Subordination
	  	 	18	 
		
	 ARTICLE 8 MISCELLANEOUS
	  	 	18	 
			
	 Section 8.01
	    	 Notices
	  	 	18	 
	 Section 8.02
	    	 Binding Effect; Successors and Assigns
	  	 	19	 
	 Section 8.03
	    	 Collateral Agent’s Fees and Expenses; Indemnification
	  	 	19	 
	 Section 8.04
	    	 Collateral Agent Appointed
Attorney-in-Fact
	  	 	20	 
	 Section 8.05
	    	 Applicable Law
	  	 	20	 
	 Section 8.06
	    	 Waivers; Amendment
	  	 	21	 
	 Section 8.07
	    	 Waiver of Jury Trial
	  	 	21	 
	 Section 8.08
	    	 Severability
	  	 	21	 
	 Section 8.09
	    	 Counterparts
	  	 	21	 
	 Section 8.10
	    	 Headings
	  	 	21	 
	 Section 8.11
	    	 Jurisdiction; Consent to Service of Process
	  	 	22	 
	 Section 8.12
	    	 Termination or Release
	  	 	22	 
	 Section 8.13
	    	 Authority of Collateral Agent
	  	 	23	 
	 Section 8.14
	    	 Other Secured Parties
	  	 	23	 
	 Section 8.15
	    	 Excluded Assets
	  	 	23	 

  

			
	Schedules	  	
	Schedule I	  	Commercial Tort Claims

  

  
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 GUARANTEE AND COLLATERAL AGREEMENT 

This GUARANTEE AND COLLATERAL AGREEMENT, dated as of March 21, 2017 (as amended, amended and restated, supplemented or otherwise modified
form time to time, this “Agreement”), is entered into among SUMMIT MIDSTREAM PARTNERS HOLDINGS, LLC, a Delaware limited liability company (the “Borrower”), as Grantor, SUMMIT MIDSTREAM PARTNERS, LLC, a Delaware
limited liability company (the “Parent”), as Pledgor and as Guarantor, and CREDIT SUISSE AG, CAYMAN ISLANDS BRANCH, as collateral agent (in such capacity, together with any successor collateral agent appointed pursuant to the
provisions of Article VIII of the Loan Agreement referred to below, the “Collateral Agent”) for the Secured Parties (as defined in the Loan Agreement referred to below). 

RECITALS: 
 WHEREAS, pursuant to
the Term Loan Agreement, dated as of the date hereof (as amended, amended and restated, supplemented, extended, renewed, refinanced, waived or otherwise modified or replaced from time to time, the “Loan Agreement”), among the
Borrower, the Lenders party thereto from time to time, Credit Suisse AG, Cayman Islands Branch, as Administrative Agent, and the Collateral Agent, the Lenders have agreed to extend Loans to the Borrower on the terms and subject to the conditions set
forth in the Loan Agreement; 
 WHEREAS, the Borrower may from time to time enter into one or more Secured Swap Agreements; 

WHEREAS, the obligations of the Lenders to extend such Loans are conditioned upon, among other things, the execution and delivery of this
Agreement; and 
 WHEREAS, it is in the best interests of the Parent to execute this Agreement inasmuch as the Parent will derive
substantial direct and indirect benefits from the Loans made to the Borrower pursuant to the Loan Agreement and from the other Loan Documents; 

Accordingly, the parties hereto agree as follows: 

ARTICLE 1 
 DEFINITIONS 

Section 1.01 Loan Agreement. 

(a) Capitalized terms used in this Agreement and not otherwise defined herein have the respective meanings assigned thereto in the Loan
Agreement. All terms defined in the New York UCC (as defined herein) and not defined in this Agreement have the meanings specified therein (and if defined in more than one article of the New York UCC, shall have the meaning given in Article 8 or 9
thereof). 
 (b) The rules of construction specified in Section 1.02 of the Loan Agreement are incorporated herein mutatis
mutandis. 
  

 Section 1.02 Other Defined Terms. As used in this Agreement, the following terms
have the meanings specified below: 
 “Agreement” has the meaning assigned to such term in the introductory paragraph
hereto. 
 “Article 9 Collateral” has the meaning assigned to such term in Section 4.01. 

“Beneficiaries” means the Administrative Agent, the Lenders and Secured Swap Agreement Counterparties in respect of
Designated Swap Agreements. 
 “Borrower” has the meaning assigned to such term in the introductory paragraph hereto. 

“Collateral” means Article 9 Collateral and Pledged Collateral. 

“Collateral Agent” has the meaning assigned to such term in the introductory paragraph hereto. 

“Collateral Support” means all property (real or personal) assigned, licensed, hypothecated or otherwise securing any Article
9 Collateral and shall include any security agreement or other agreement granting a lien or security interest in such real or personal property. 

“Copyrights” means all of the following: (a) all copyright rights in any work subject to the copyright laws of the
United States or any other country or group of countries, whether as author, assignee, transferee or otherwise including but not limited to copyrights in software and all rights in and to databases, all designs (including but not limited to
industrial designs, Protected Designs within the meaning of 17 U.S.C. 1301 et seq. and European Community designs), and all Mask Works (as defined under 17 U.S.C. 901 of the U.S. Copyright Act), whether registered or unregistered,
(b) all registrations and applications for registration of any such copyright in the United States or any other country or group of countries and (c) the right to sue or otherwise recover for any past, present and future infringement or
other violation of any of the foregoing. 
 “Designated Swap Agreements” means Secured Swap Agreements designated by the
Borrower as such in a writing addressed to the Administrative Agent and the Collateral Agent. 
 “Excluded Deferred Payment
Rights” has the meaning assigned to such term in Section 4.05. 
 “Loan Agreement” has
the meaning assigned to such term in the recitals hereto. 
 “General Intangibles” means all “General
Intangibles” as defined in the New York UCC, including all choses in action and causes of action and all other intangible personal property of the Grantor of every kind and nature (other than Accounts) now owned or hereafter acquired by the
Grantor, including corporate or other business records, indemnification claims, contract rights, Intellectual Property, goodwill, registrations, franchises and tax refund claims. 

“Grantor” means the Borrower, in its capacity as a “Grantor” under this Agreement. 

  
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 “Guaranteed Obligations” means (a) the Obligations and
(b) Secured Swap Obligations in respect of Designated Swap Agreements. 
 “Guarantor” means the Parent, in its
capacity as a “Guarantor” under this Agreement. 
 “Intellectual Property” means all Patents, Copyrights,
Trademarks, IP Agreements, Trade Secrets, domain names, and all inventions, designs, confidential or proprietary technical and business information, know-how, show-how
and other proprietary data or information and all related documentation. 
 “Investment Property Collateral” has the
meaning assigned to such term in Section 6.04. 
 “IP Agreements” means all agreements granting
to or receiving from a third party any rights to Intellectual Property to which the Grantor, now or hereafter, is a party. 
 “New
York UCC” means the Uniform Commercial Code as from time to time in effect in the State of New York. 
 “Obligor”
means each of the Grantor, the Guarantor and the Pledgor. 
 “Patents” means all of the following: (a) all letters
patent of the United States or the equivalent thereof in any other country or group of countries, and all applications for letters patent of the United States or the equivalent thereof in any other country or group of countries, (b) all
reissues, continuations, divisions, continuations-in-part or extensions thereof, and the inventions disclosed or claimed therein, including the right to make, use and/or
sell the inventions disclosed or claimed therein and (c) the right to sue or otherwise recover for any past, present and future infringement or other violation of any of the foregoing. 

“Pledged Collateral” has the meaning assigned to such term in Section 3.01. 

“Pledged Stock” has the meaning assigned to such term in Section 3.01. 

“Pledgor” means the Parent, in its capacity as a “Pledgor” under this Agreement. 

“Securities Act” means the Securities Act of 1933, as amended from time to time, and any successor statute. 

“Termination Date” means the date that the principal of and interest on each Loan and all fees and other Obligations payable
under the Loan Documents (other than contingent indemnification obligations) have been paid in full in cash. 
 “Threshold
Amount” means $5,000,000. 
 “Trademarks” means all of the following: (a) all domestic and foreign
trademarks, trade names, service marks, corporate names, company names, business names, fictitious business names, trade styles, trade dress, logos, service marks, other source or business identifiers, designs and General Intangibles of like nature,
now owned or hereafter adopted or acquired, all registrations thereof, if any, and all renewals thereof (provided that no security interest shall be 

  
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granted in United States intent-to-use trademark applications to the extent that, and solely during the period, if
any, in which, the grant of a security interest therein would impair the validity or enforceability of such intent-to-use trademark applications under applicable federal
law), (b) all goodwill associated therewith or symbolized thereby and (c) the right to sue or otherwise recover for any past, present and future infringement, dilution or other violation of any of the foregoing or for any injury to the related
goodwill. 
 “Trade Secrets” means common law and statutory trade secrets and all other confidential or proprietary or
useful information and all know-how obtained by or used in or contemplated at any time for use in the business of the Grantor, whether or not any of the foregoing has been reduced to a writing or other
tangible form, including all documents and things embodying, incorporating or referring in any way to the foregoing, all licenses related to the foregoing, and including the right to sue for and to enjoin and to collect damages for the actual or
threatened misappropriation of any of the foregoing and for the breach or enforcement of any license related to the foregoing. 

“UCC” or “Uniform Commercial Code” means the Uniform Commercial Code as in effect in the applicable
jurisdiction. 
 ARTICLE 2 

GUARANTEE 
 Section 2.01
Guarantee. The Guarantor hereby absolutely, irrevocably and unconditionally guarantees, as a primary obligor and not merely as a surety, for the benefit of the Beneficiaries, the full and punctual payment of the Guaranteed Obligations. The
Guarantor acknowledges that the Guaranteed Obligations may be extended, modified, substituted, amended or renewed, in whole or in part, without notice to or further assent from the Guarantor (except in cases where the Guarantor is a party to the
agreement giving rise to the Guaranteed Obligation being extended, modified, substituted, amended or renewed and such notice or assent is required by such agreement), and that it will remain bound upon its guarantee hereunder notwithstanding any
extension, modification, substitution, amendment or renewal of any Guaranteed Obligation. The Guarantor unconditionally and irrevocably waives notice of nonperformance, acceleration, presentment to, demand of payment from and protest to the Borrower
of any of the Guaranteed Obligations, and also waives notice of acceptance of or reliance on its guarantee and notice of protest for nonpayment. 

Section 2.02 Guarantee of Payment. The Guarantor further agrees that its guarantee hereunder constitutes a guarantee of payment
when due, whether at scheduled maturity or on any date of a required prepayment or by acceleration, demand or otherwise, and not of collection, and waives any right to require that any resort be had by any Beneficiary to the Borrower, to any
security held for the payment of the Guaranteed Obligations or to any balance of any deposit account or credit on the books of such Beneficiary in favor of the Borrower or any other Person. 

  
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 Section 2.03 No Limitations, Etc. 

(a) Except for termination of the Guarantor’s obligations hereunder as provided for in Section 8.12, the
obligations of the Guarantor hereunder shall not be subject to any reduction, limitation, impairment or termination for any reason, including any claim of waiver, release, surrender, alteration or compromise, and shall not be subject to any defense
or setoff, counterclaim, recoupment or termination whatsoever by reason of the invalidity, illegality or unenforceability of the Guaranteed Obligations or otherwise. Without limiting the generality of the foregoing, the obligations of the Guarantor
hereunder shall not be discharged or impaired or otherwise affected by: 
 (i) the failure of any Beneficiary to assert any
claim or demand or to exercise or enforce any right or remedy under the provisions of any Loan Document or otherwise against the Borrower, or any other guarantor or surety; 

(ii) any rescission, waiver, amendment or modification of, or any release from any of the terms or provisions of, any Loan
Document or any other agreement (other than pursuant to the terms of a waiver, amendment, modification or release of this Agreement in accordance with the terms hereof); 

(iii) the failure to perfect any security interest in, or the exchange, substitution, release or any impairment of, any
Collateral or any other collateral securing the Guaranteed Obligations; 
 (iv) any default, failure or delay, willful or
otherwise, in the performance of the Guaranteed Obligations; or 
 (v) any other act or omission that may or might in any
manner or to any extent vary the risk of the Guarantor or otherwise operate as a discharge of the Guarantor as a matter of law or equity (other than the occurrence of the Termination Date). 

The Guarantor acknowledges that it will receive substantial direct and indirect benefits from the financing arrangements contemplated by the Loan Documents,
and that the waivers set forth in this Article 2 are knowingly made in contemplation of such benefits. 
 (b) To the fullest extent permitted
by applicable law, the Guarantor waives any defense based on or arising out of any defense of the Borrower or the unenforceability of the Guaranteed Obligations or any part thereof from any cause, or the cessation from any cause of the liability of
the Borrower, other than the occurrence of the Termination Date. The Collateral Agent, on behalf of the other Secured Parties, may, in accordance with the Loan Agreement and applicable law, at its election, foreclose on any security held by one or
more of the Secured Parties by one or more judicial or nonjudicial sales, accept an assignment of any such security in lieu of foreclosure, compromise or adjust any part of the Guaranteed Obligations, make any other accommodation with the Borrower
or exercise any other right or remedy available to them against the Borrower, without affecting or impairing in any way the liability of the Guarantor hereunder except to the extent the Termination Date has occurred. To the fullest extent permitted
by applicable law, the Guarantor waives any defense arising out of any such election even though such election operates, pursuant to applicable law, to impair or to extinguish any right of reimbursement or subrogation or other right or remedy of the
Guarantor against the Borrower or any security. 

  
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 Section 2.04 Reinstatement. The Guarantor agrees that its guarantee hereunder
shall continue to be effective or be reinstated, as the case may be, if and to the extent at any time payment, or any part thereof, of any Guaranteed Obligation is rescinded or must otherwise be restored by any Beneficiary upon the bankruptcy or
reorganization of the Borrower or otherwise. 
 Section 2.05 Agreement to Pay; Subrogation. In furtherance of the
foregoing and not in limitation of any other right that any Beneficiary has at law or in equity against the Guarantor by virtue hereof, upon the failure of the Borrower to pay any Guaranteed Obligation when and as the same shall become due, whether
at maturity, by acceleration, after notice of prepayment or otherwise, the Guarantor hereby promises to and will forthwith pay, or cause to be paid, to the Collateral Agent for distribution to the Beneficiaries in cash the amount of such unpaid
Guaranteed Obligation. Upon payment by the Guarantor of any sums to the Administrative Agent as provided above, all rights of the Guarantor against the Borrower arising as a result thereof by way of right of subrogation, contribution, reimbursement,
indemnity or otherwise shall in all respects be subject to Article 7. 
 Section 2.06 Information. The Guarantor assumes
all responsibility for being and keeping itself informed of the financial condition and assets of the Borrower, and of all other circumstances bearing upon the risk of nonpayment of the Guaranteed Obligations and the nature, scope and extent of the
risks that the Guarantor assumes and incurs hereunder, and agrees that none of the Beneficiaries have had, have now, or will have any duty to advise the Guarantor of information known to it or any of them regarding such circumstances or risks. 

Section 2.07 Payments Free and Clear of Taxes, etc. Any and all payments made by any Guarantor under or in respect
of this Agreement or any other Loan Document shall be made in accordance with Section 2.17 of the Loan Agreement. 
 ARTICLE 3 

PLEDGE AGREEMENT 

Section 3.01 Pledge. As security for the payment or performance, as the case may be, in full when due of the Secured Obligations,
the Pledgor hereby grants and pledges to the Collateral Agent, for the benefit of the Secured Parties, a security interest in and continuing Lien on all of the Pledgor’s right, title and interest in, to and under the following, whether now
owned or existing or hereafter acquired or arising and wherever located: (a)(i) all Equity Interests owned by it and issued by the Borrower as of the Closing Date; (ii) any other Equity Interests owned in the future by the Pledgor and issued by
the Borrower; (iii) any certificates or other instruments representing all such Equity Interests, if any; and (iv) all rights as a member of the Borrower under the limited liability company agreement of the Borrower (collectively, each
subpart of clause (a), the “Pledged Stock”); (b) subject to Section 5.02, all payments of principal or interest, dividends, distributions, cash, instruments and other property from time to time received,
receivable or otherwise distributed in respect of, in exchange for or upon the conversion of, and all other proceeds received in respect of, the Pledged Stock; and (c) to the extent not otherwise included above, all proceeds of any of the
foregoing (the items referred to in clauses (a) through (c) above being collectively referred to as the “Pledged Collateral”). Notwithstanding the foregoing or anything else to the contrary in this Agreement, the terms
“Pledged Stock” and “Pledged Collateral” shall not include, and the security interest granted above under this Section 3.01 shall not attach to, any Excluded Asset. 

  
 6 

 Neither the Collateral Agent nor any other Secured Party shall have any obligations or
liability under or with respect to any Pledged Collateral by reason of or arising out of this Agreement, except as set forth in Section 9-207 of the UCC, nor shall the Collateral Agent or any other
Secured Party be obligated in any manner to (i) perform any of the obligations of the Pledgor under or pursuant to the limited liability company agreement of the Borrower (to the extent the Pledgor is a party thereto), (ii) make any payment or
inquire as to the nature or sufficiency of any payment or performance with respect to any Pledged Collateral, (iii) present or file any claim or collect the payment of any amounts or take any action to enforce any performance with respect to
the Pledged Collateral or (iv) take any other action whatsoever with respect to the Pledged Collateral. 
 Section 3.02
Delivery of the Pledged Stock. The Pledgor agrees promptly to deliver or cause to be delivered to the Collateral Agent, for the benefit of the Secured Parties, any certificates evidencing Pledged Stock, together with stock powers, duly
executed in blank or other instruments of transfer reasonably satisfactory to the Collateral Agent. 
 Section 3.03 Representations
and Warranties of the Parent. The Parent hereby represents and warrants to the Collateral Agent on the Closing Date that: 
 (a) The
Parent (i) is duly organized, and validly existing in the jurisdiction of its incorporation, organization or formation, (ii) has all requisite power and authority to own its property and assets and to carry on its business as now
conducted, (iii) is in good standing (to the extent that such concept is applicable in the relevant jurisdiction) and qualified to do business in each jurisdiction (including its jurisdiction of incorporation, organization or formation) where
such qualification is required, except where the failure, individually or in the aggregate, to so qualify or to be in good standing could not reasonably be expected to have a material adverse effect on the Parent’s pledge of Pledged Collateral
in support of the Secured Obligations or its guarantee pursuant to this Agreement and (iv) has the power and authority to execute, deliver and perform its obligations under this Agreement. 

(b) The execution, delivery and performance by the Parent of this Agreement (i) have been duly authorized by all necessary corporate,
stockholder, limited liability company or partnership action required to be obtained by the Parent and (ii) will not (A) violate (1) any provision of the certificate or articles of incorporation or other constitutive documents or by-laws of the Parent, (2) any law, statute, rule or regulation, or any applicable order of any court or any rule, regulation or order of any Governmental Authority or (3) any provision of any indenture,
lease, agreement or other instrument to which the Parent is a party or by which it or its property is or may be bound, (B) be in conflict with, result in a breach of or constitute (alone or with notice or lapse of time or both) a default under,
give rise to a right of or result in any cancellation or acceleration of any right or obligation (including any payment) or to a loss of a material benefit under any such indenture, lease, agreement or other instrument, where any such conflict,
violation, breach or default referred to in subclause (ii)(A)(2), subclause (ii)(A)(3) or subclause (ii)(B) above could reasonably be expected have a material adverse effect on the Parent’s pledge of Pledged Collateral in support of the
Obligations or its guarantee pursuant to this Agreement, or (C) will not result in the creation or imposition of any Lien upon or with respect to any Property now owned or hereafter acquired by the Parent, other than pursuant to this Agreement.

  
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 (c) This Agreement has been duly executed and delivered by the Parent and constitutes a
legal, valid and binding obligation of the Parent enforceable against the Parent in accordance with its terms, subject to (i) the effects of bankruptcy, insolvency, moratorium, reorganization, fraudulent conveyance or other laws affecting
creditors’ rights generally, (ii) general principles of equity (regardless of whether such enforceability is considered in a proceeding in equity or at law) and (iii) implied covenants of good faith and fair dealing. 

(d) No action, consent or approval of, registration or filing with or any other action by any Governmental Authority is or will be required in
connection with the entry into this Agreement by the Parent except for (i) the filing of UCC financing statements, (ii) such consents, authorizations, filings or other actions that have been made or obtained and are in full force and
effect, and (iii) such actions, consents, approvals, registrations or filings, the failure to be obtained or made which could not reasonably be expected to have a material adverse effect on the Parent’s pledge of the Pledged Collateral in
support of the Secured Obligations or its guarantee pursuant to this Agreement. 
 (e) As of the Closing Date, (i) the Pledgor owns 100%
of the Equity Interests of the Borrower, and (ii) the chief executive office of the Pledgor and the office where the Pledgor keeps its records concerning the Pledged Collateral is located at: 

1790 Hughes Landing Blvd. 

Suite 500 
 The Woodlands, TX
77380 
 (f) The Pledgor has not, within the period of 12 months prior to the Closing Date, (i) changed its jurisdiction of formation,
(ii) changed its name or (iii) become a “new debtor” (as defined in Section 9-102(a)(56) of the UCC). 

(g) The Pledgor has good and valid title to and is the legal and beneficial owner of the Pledged Collateral, free and clear of Liens other than
Liens pursuant to this Agreement and Liens arising by operation of law. 
 (h) By virtue of the execution and delivery by the Pledgor of this
Agreement, upon the later of (i) the delivery to the Collateral Agent of any certificates evidencing Pledged Stock and (ii) the filing of a UCC-1 financing statement in the appropriate jurisdiction
naming the Pledgor as debtor and the Collateral Agent as secured party, the Collateral Agent will obtain, for the benefit of the Secured Parties, a perfected Lien upon and security interest in the Pledged Collateral as security for the payment and
performance of the Secured Obligations under the New York UCC, subject to Liens arising by operation of law. 
 (i) As of the Closing Date,
the Equity Interests of the Borrower constituting Pledged Collateral (i) are not dealt in or traded on securities exchanges or in securities markets, (ii) are not “investment company securities” (as defined in Section 8-103(b) of the New York UCC) and (iii) do not provide, in the related limited liability company agreement or certificates, if any, representing such Pledged Collateral, that they are securities
governed by Article 8 of the Uniform Commercial Code of any relevant jurisdiction. 

  
 8 

 Section 3.04 Certain Covenants of the Parent. The Parent, in its capacity as a
Pledgor hereunder, agrees with the Collateral Agent that, until the Termination Date: 
 (a) The Parent will make no assignment, pledge,
hypothecation or transfer of, or create or permit to exist any security interest in or other Lien on, the Pledged Collateral, other than Liens arising by operation of law and Liens pursuant to this Agreement. 

(b) From time to time, at the expense of the Borrower, the Parent will promptly execute and deliver all further instruments, and take all
further action, that may be necessary or that the Collateral Agent may reasonably request in order to perfect and protect any security interest granted or purported to be granted hereby or to enable the Collateral Agent to exercise and enforce its
rights and remedies hereunder with respect to any Pledged Collateral. 
 Section 3.05 Authorization to File UCC Financing
Statements. The Pledgor hereby authorizes the Collateral Agent to file in any relevant jurisdiction any initial financing statements, continuation statements and amendments thereto, in each case with respect to the Pledged Collateral or any part
thereof that contain such information as is required or appropriate to perfect the security interest granted pursuant to this Agreement and describing the Pledged Collateral as described in this Agreement. 

ARTICLE 4 
 SECURITY AGREEMENT

 Section 4.01 Security Interest. 

(a) As security for the payment or performance, as the case may be, in full of the Secured Obligations, the Grantor hereby grants and pledges
to the Collateral Agent, for the benefit of the Secured Parties, a security interest in and continuing Lien on all of the Grantor’s right, title and interest in, to and under the following, whether now owned or existing or hereafter acquired or
arising and wherever located (collectively, the “Article 9 Collateral”): 
 (i) all Accounts; 

(ii) all Chattel Paper; 

(iii) all Documents; 

(iv) all Equipment; 

(v) all Fixtures; 

(vi) all General Intangibles; 

(vii) all Instruments; 

(viii) all Intellectual Property; 

(ix) all Inventory; 

  
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 (x) all Investment Property; 

(xi) all Letter-of-Credit Rights; 

(xii) all Money and Deposit Accounts; 

(xiii) all Securities Accounts; 

(xiv) all Commercial Tort Claims identified on Schedule I (as such Schedule may be supplemented from time to time); 

(xv) all other Goods and other personal property not otherwise described above (except for any property specifically excluded
from any clause of this section, and any property specifically excluded from any defined term used in any clause of this section); 

(xvi) to the extent not otherwise included above, all books, correspondence, credit files, invoices, tapes, cords, computer
runs, writings and records and other property relating to, used or useful in connection with, evidencing, embodying, incorporating or referring to, or pertaining to any of the Property described in the foregoing clauses of this
Section 4.01(a) and all Supporting Obligations and Collateral Support relating to any of the Property described in the foregoing clauses of this Section 4.01(a); and 

(xvii) to the extent not otherwise included above, all Proceeds, products, accessions, rents and profits of or in respect of
any of the foregoing. 
 Notwithstanding the foregoing, (a) neither this Section 4.01 nor any other provision of this
Agreement shall constitute a grant of a security interest in or Lien upon, and the terms “Article 9 Collateral” and “Collateral” shall not include, any Excluded Assets or any Property to the extent such grant of a security
interest in such Property shall violate Section 9.21 of the Loan Agreement, but only for so long as such remains Excluded Assets or Property the grant of a security interest in or Lien upon which violates Section 9.21 of the Loan Agreement
(and at the end of such time a security interest shall be deemed to be granted therein), and (b) the Grantor shall not be required to take any action with respect to the perfection of security interests or Liens in motor vehicles, cash or
assets in Deposit Accounts (and no Grantor shall be required to enter into any control agreements with respect to cash or assets in Deposit Accounts). 

(b) The Grantor hereby authorizes the Collateral Agent to file in any relevant jurisdiction any initial financing statements, continuation
statements and amendments thereto, in each case with respect to the Article 9 Collateral or any part thereof that contain such information as is required or appropriate to perfect the security interest in the Article 9 Collateral granted under this
Agreement and describing the Article 9 Collateral as described in this Agreement or as “all assets” or “all property” or words of similar import. 

The Collateral Agent is further authorized to file with the United States Patent and Trademark Office or United States Copyright Office (or
any successor office or any similar office in any other country) such documents executed by the Grantor as may be necessary or advisable for the purpose of perfecting, confirming, continuing, enforcing or protecting the security interest granted by
the Grantor hereunder in any material Intellectual Property and naming the Grantor as debtor and the Collateral Agent as secured party. 

  
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 (c) Notwithstanding anything herein to the contrary, (a) the Grantor shall remain
liable under the contracts and agreements included in the Article 9 Collateral from time to time to which it is a party to the extent set forth therein, (b) the exercise by the Collateral Agent of any of its rights hereunder shall not release
the Grantor from any of its duties or obligations under any contracts and agreements included in the Article 9 Collateral, and (c) neither the Collateral Agent nor any other Secured Party shall have any obligation to make any inquiry as to the
nature or sufficiency of any payment received by it or have any obligation to take any action to collect or enforce any rights under any contract or agreement included in the Article 9 Collateral. 

Section 4.02 Representations and Warranties. The Grantor hereby represents and warrants to the Collateral Agent on the Closing
Date that: 
 (a) As of the Closing Date, (i) the Grantor owns 100% of the Equity Interests of the General Partner, and (ii) the
chief executive office of the Grantor and the office where the Grantor keeps its records concerning the Article 9 Collateral is located at: 

1790 Hughes Landing Blvd. 

Suite 500 

The Woodlands, TX 77380 

(b) The Grantor has not, within the period of 12 months prior to the Closing Date, (i) changed its jurisdiction of formation,
(ii) changed its name or (iii) become a “new debtor” (as defined in Section 9-102(a)(56) of the UCC). 

(c) The Article 9 Collateral is owned by the Grantor free and clear of any Lien, other than Liens permitted pursuant to Section 6.02 of
the Loan Agreement, and the Article 9 Collateral consisting of Equity Interests is owned by the Grantor free and clear of any Lien, other than Liens in favor of the Collateral Agent and Liens arising by operation of law. 

(d) The Grantor does not hold any Commercial Tort Claim individually in excess of the Threshold Amount except as indicated on Schedule
I, as such schedule may be updated or supplemented from time to time. On or before the Closing Date, possession of all originals of Instruments and Chattel Paper constituting Article 9 Collateral and in existence as of the Closing Date, in each
case in a face amount in excess of the Threshold Amount, if any, has been transferred to the Collateral Agent to the extent required by this Article. 

(e) The Grantor does not own any material Copyrights, Trademarks or Patents constituting Article 9 Collateral. 

(f) The Grantor has no rights as beneficiary in any letter of credit constituting Article 9 Collateral with a stated amount in excess of the
Threshold Amount. 

  
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 Section 4.03 Covenants. The Grantor agrees with the Collateral Agent that, until
the Termination Date: 
 (a) Upon the occurrence and continuance of an Event of Default, the Grantor shall, upon the request of the
Collateral Agent, deliver to the Collateral Agent a schedule listing all Intellectual Property constituting Article 9 Collateral and take such other action as the Collateral Agent shall deem necessary to perfect the Liens created hereunder in all
such Article 9 Collateral. 
 (b) If the Grantor shall at any time hold or acquire any Instruments or Tangible Chattel Paper evidencing an
amount in excess of the Threshold Amount, the Grantor shall forthwith endorse, assign and deliver the same to the Collateral Agent, accompanied by such instruments of transfer or assignment duly executed in blank as the Collateral Agent may from
time to time reasonably request. 
 (c) The Grantor shall not grant “control” (within the meaning of the Uniform Commercial Code)
of any deposit account to any Person other than the Collateral Agent and the bank with which the deposit account is maintained. 
 (d) If the
Grantor shall at any time hold or acquire any certificated security evidencing Article 9 Collateral, the Grantor shall forthwith endorse, assign and deliver the same to the Collateral Agent, accompanied by such instruments of transfer or assignment
duly executed in blank as the Collateral Agent may from time to time reasonably specify. If any security now or hereafter acquired by the Grantor that constitutes Article 9 Collateral is uncertificated and is issued to the Grantor or its nominee
directly by the issuer thereof, then the Grantor shall promptly notify the Collateral Agent in writing upon the occurrence of such issuance, and grant control over such uncertificated security pursuant to a control agreement in form and substance
reasonably satisfactory to the Collateral Agent. 
 (e) If the Grantor is at any time a beneficiary under letters of credit now or hereafter
issued in favor of the Grantor with a face amount in excess of the Threshold Amount, the Grantor shall promptly notify the Collateral Agent thereof and shall use commercially reasonable efforts to obtain the consent of the issuer thereof to the
assignment of the proceeds of such letter of credit to the Collateral Agent. 
 (f) If the Grantor shall at any time hold or acquire a
Commercial Tort Claim in an amount reasonably estimated to exceed the Threshold Amount, the Grantor shall promptly notify the Collateral Agent thereof and deliver to the Collateral Agent a supplement to Schedule I identifying such new
Commercial Tort Claim. 
 Section 4.04 Further Assurances with Respect to Article 9 Collateral. The Grantor agrees that, from
time to time at its own expense, it will promptly execute and deliver all further instruments and documents, and take all further action, that may be necessary, or that the Collateral Agent may reasonably request, in order to perfect, preserve and
protect any security interest granted hereby or to enable the Collateral Agent to exercise and enforce its rights and remedies hereunder with respect to any Article 9 Collateral. Without limiting the generality of the foregoing, the Grantor will:
(a) file such financing or continuation statements, or amendments thereto, record security interests in Intellectual Property constituting Article 9 Collateral, and execute and deliver such other agreements, instruments, endorsements, powers of
attorney or notices, as may be necessary, or as the Collateral Agent may reasonably request, in order to effect, reflect, perfect and preserve the security interests granted hereby; and (b) take all actions necessary to ensure the recordation
of appropriate evidence of the liens and security interest granted hereunder in the Intellectual Property included in the Article 9 Collateral with any United States intellectual property registry in which said Intellectual Property is registered or
in which an application for registration is pending. 

  
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 Section 4.05 Exclusions from Collateral. Notwithstanding anything to the
contrary in this Agreement or in any other Loan Document, each of the Collateral Agent and each other Secured Party hereby acknowledges and agrees that none of the Pledged Collateral, the Article 9 Collateral or the Collateral includes (a) any
cash, Equity Interests or other property or assets comprising the Deferred Payment in excess of the Designated Amount (the “Excluded Deferred Payment Rights”) or (b) any other Excluded Asset. 

ARTICLE 5 
 CERTAIN MATTERS
RELATING TO PLEDGED EQUITY INTERESTS 
 Section 5.01 Status as “Securities” of Limited
Liability Company Interests under Article 8. Each of the Pledgor and the Grantor hereby covenants and agrees that, without the prior written consent of the Collateral Agent, it will not agree to any election by the Borrower or
the General Partner, as applicable, to treat its limited liability company interests as securities governed by Article 8 of the Uniform Commercial Code of any jurisdiction unless it promptly notifies the Collateral Agent of such election and takes
such action required to establish the Collateral Agent’s “control” (within the meaning of Section 8-106 of the New York UCC) over such Collateral. 

Section 5.02 Voting Rights; Dividends and Interest, Etc. 

(a) Unless and until an Event of Default shall have occurred and be continuing and the Collateral Agent shall have provided written notice to
the Pledgor or the Grantor, as applicable in accordance with Section 5.02(c): 
 (i) The Pledgor
and the Grantor shall be entitled to exercise any and all voting and/or other consensual rights and powers inuring to an owner of Pledged Collateral or of Article 9 Collateral consisting of Equity Interests or any part thereof for any purpose not in
violation of the Loan Agreement. 
 (ii) The Collateral Agent shall promptly execute and deliver (or cause to be executed and
delivered) to the Pledgor or the Grantor, as applicable, all such proxies, powers of attorney and other instruments as may be necessary or as the Pledgor or the Grantor, as applicable, may reasonably request for the purpose of enabling the Pledgor
or the Grantor, as applicable, to exercise the voting and/or consensual rights and powers it is entitled to exercise pursuant to this Section 5.02(a). 

(iii) The Pledgor and the Grantor shall be entitled to receive and retain any and all dividends, interest, principal and other
distributions, whether in cash, securities or other property, paid on or distributed in respect of the Pledged Collateral or the Article 9 Collateral consisting of Equity Interests, as applicable, in accordance with the terms and conditions of the
Loan Agreement; provided that any noncash dividends, interest, principal or other distributions in the form of certificates evidencing Pledged Stock, whether resulting from a subdivision, combination or reclassification of the outstanding
Equity 

  
 13 

 
Interests of the Borrower or received in exchange for certificates evidencing Pledged Stock or any part thereof, or in redemption thereof, or as a result of any merger, consolidation, acquisition
or other exchange of assets to which the Borrower may be a party, shall be and become part of the Pledged Collateral, and, if received by the Pledgor, shall not be commingled by the Pledgor with any of its other funds or property but shall be held
separate and apart therefrom, shall be held in trust for the benefit of the Collateral Agent, for the benefit of the Secured Parties, and shall be forthwith delivered to the Collateral Agent, for the benefit of the Secured Parties, in the same form
as so received (endorsed in a manner reasonably satisfactory to the Collateral Agent). 
 (b) Automatically (without any request or notice
being delivered by the Collateral Agent) upon the occurrence and during the continuance of an Event of Default pursuant to Section 7.01(h) or Section 7.01(i) of the Loan Agreement, and upon the occurrence and during the continuance of any
other Event of Default, after written notice by the Collateral Agent to the Pledgor and the Grantor, all rights of the Pledgor and the Grantor to dividends, interest, principal or other distributions that the Pledgor and the Grantor, respectively,
are authorized to receive pursuant to Section 5.02(a)(iii) shall cease, and all such rights shall thereupon become vested in the Collateral Agent, for the benefit of the Secured Parties. Automatically (without any request
or notice being delivered by the Collateral Agent) upon the occurrence and during the continuance of an Event of Default pursuant to Section 7.01(h) or Section 7.01(i) of the Loan Agreement, and upon the occurrence and during the
continuance of any other Event of Default, after written notice by the Collateral Agent to the Pledgor and the Grantor, all dividends, interest, principal or other distributions received by the Pledgor or the Grantor contrary to the provisions of
this Section 5.02 shall not be commingled by the Pledgor or the Grantor with any of its other funds or property but shall be held separate and apart therefrom, shall be held in trust for the benefit of the Collateral Agent,
for the benefit of the Secured Parties, and shall be forthwith delivered to the Collateral Agent, for the benefit of the Secured Parties, in the same form as so received (endorsed in a manner reasonably satisfactory to the Collateral Agent). Any and
all money and other property paid over to or received by the Collateral Agent pursuant to the provisions of this Section 5.02(b) shall be held by the Collateral Agent, for the benefit of the Secured Parties, in an account
to be established by the Collateral Agent upon receipt of such money or other property and shall be applied in accordance with the provisions of Section 6.02. After all Events of Default have been cured or waived and the
Grantor has delivered to the Collateral Agent a certificate to that effect, the Collateral Agent shall promptly repay to the Pledgor or the Grantor, as applicable, all funds that remain in such account after application in accordance with this
Section 5.02(b). 
 (c) Upon the occurrence and during the continuance of an Event of Default and after notice by
the Collateral Agent to the Pledgor or the Grantor, as applicable, of the Collateral Agent’s intention to exercise its rights hereunder, all rights of the Pledgor or the Grantor, as applicable, to exercise the voting and/or consensual rights
and powers and all other incidental rights of ownership with respect to any Pledged Collateral or any Article 9 Collateral consisting of Equity Interests it is entitled to exercise pursuant to Section 5.02(a)(i), and the
obligations of the Collateral Agent under Section 5.02(a)(ii), shall cease, and all such rights shall thereupon become vested in the Collateral Agent, for the benefit of the Secured Parties; provided that, unless
otherwise directed by the Required Lenders, the Collateral Agent shall have the right, but not the obligation, from time to time following and during the continuance of an Event of Default to permit the Pledgor and/or the Grantor to exercise such
rights. After all Events of Default have been cured or waived and the Grantor has delivered to the Collateral Agent a certificate to that effect, the Pledgor and the Grantor shall each have the right to exercise the voting and/or consensual rights
and powers that the Pledgor or the Grantor, as applicable, would otherwise be entitled to exercise pursuant to the terms of Section 5.02(a)(i). 

  
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 The Pledgor and the Grantor agree to promptly deliver to the Collateral Agent such proxies
and other documents as the Collateral Agent may reasonably request to exercise the voting power and other incidental rights of ownership described above. 

ARTICLE 6 
 REMEDIES 

Section 6.01 Remedies Upon Default. 

(a) If any Event of Default shall have occurred and be continuing, the Collateral Agent may exercise in respect of the Collateral, in addition
to all other rights and remedies provided for herein or otherwise available to it at law or in equity, all the rights and remedies of the Collateral Agent on default under the UCC (whether or not the UCC applies to the affected Collateral) to
collect, enforce or satisfy any Secured Obligations then owing, whether by acceleration or otherwise, and also may pursue any of the following separately, successively or simultaneously: 

(i) require the Grantor or the Pledgor to, and each of the Grantor and the Pledgor hereby agrees that it shall at its expense
and promptly upon request of the Collateral Agent forthwith, assemble all or part of the Collateral as directed by the Collateral Agent and make it available to the Collateral Agent at a place to be designated by the Collateral Agent that is
reasonably convenient to both parties; 
 (ii) enter onto the property where any Collateral is located and take possession
thereof with or without judicial process; 
 (iii) prior to the disposition of the Collateral, store, process, repair or
recondition the Collateral or otherwise prepare the Collateral for disposition in any manner to the extent the Collateral Agent deems appropriate; and 

(iv) without notice except as specified below or under the UCC, subject to Section 6.04, sell,
assign, lease, license (on an exclusive or nonexclusive basis) or otherwise dispose of the Collateral or any part thereof in one or more parcels at public or private sale, at any of the Collateral Agent’s offices or elsewhere, for cash, on
credit or for future delivery, at such time or times and at such price or prices and upon such other terms as the Collateral Agent in its reasonable discretion may deem commercially reasonable. 

(b) The Collateral Agent or any other Secured Party may be the purchaser of any or all of the Collateral at any public or private (to the
extent the portion of the Collateral being privately sold is of a kind that is customarily sold on a recognized market or the subject of widely distributed standard price quotations) sale in accordance with the UCC and the Collateral Agent, as
collateral agent for and representative of the Secured Parties, shall be entitled, for the purpose of bidding and making settlement or payment of the purchase price for all or any portion of the Collateral sold at any such sale made in accordance
with the UCC, to use and apply any of the Secured 

  
 15 

 
Obligations as a credit on account of the purchase price for any Collateral payable by the Collateral Agent at such sale. Except as otherwise contemplated by this Agreement, (i) each
purchaser at any such sale shall hold the Collateral sold absolutely free from any claim or right on the part of the Grantor or the Pledgor, and (ii) the Grantor and the Pledgor hereby waive (to the extent permitted by applicable law) all
rights of redemption, stay and/or appraisal which it now has or may at any time in the future have under any rule of law or statute now existing or hereafter enacted. The Grantor and the Pledgor agree that, to the extent notice of sale shall be
required by law, at least 10 Business Days prior written notice to the Grantor or the Pledgor, as the case may be, of the time and place of any public sale or the time after which any private sale is to be made shall constitute reasonable
notification. The Collateral Agent shall not be obligated to make any sale of Collateral regardless of notice of sale having been given. The Collateral Agent may adjourn any public or private sale from time to time by announcement at the time and
place fixed therefor, and such sale may, without further notice, be made at the time and place to which it was so adjourned. The Grantor and the Pledgor agree that it would not be commercially unreasonable for the Collateral Agent to dispose of the
Collateral or any portion thereof by using Internet sites that provide for the auction of assets of the types included in the Collateral or that have the reasonable capability of doing so, or that match buyers and sellers of assets. The Grantor and
the Pledgor hereby waive any claims against the Collateral Agent arising by reason of the fact that the price at which any Collateral may have been sold at such a private sale was less than the price which might have been obtained at a public sale,
even if the Collateral Agent accepts the first offer received and does not offer such Collateral to more than one offeree. If the proceeds of any sale or other disposition of the Collateral are insufficient to pay all the Secured Obligations, the
Obligors shall be liable for the deficiency and the reasonable and documented fees of any attorneys employed by the Collateral Agent to collect such deficiency. 

Section 6.02 Application of Proceeds. All cash proceeds received by the Collateral Agent in respect of any sale of, collection
from, or other realization upon all or any part of the Collateral, and any other amounts received by the Collateral Agent on account of the Secured Obligations, shall be promptly applied by the Collateral Agent as follows: 

(a) First, to payment of that portion of the Secured Obligations constituting fees, indemnities, expenses and other amounts payable to
the Agents pursuant to the Loan Documents and incurred by the Agents in connection with such sale, collection or other realization, or otherwise in connection with this Agreement, any other Loan Document or any of the Secured Obligations; 

(b) Second, to the payment in full of the Secured Obligations, the amounts so applied to be distributed among the Secured Parties as
specified in Section 9.23(b) through Section 9.23(d) of the Loan Agreement; and 
 (c) Last, the balance, if any, after all
Secured Obligations (other than contingent indemnification obligations) have been paid in full, to the Borrower (to be distributed among the Obligors, at the discretion of the Borrower) or as otherwise required by applicable law. 

The Collateral Agent shall have absolute discretion as to the time of application of any such proceeds, moneys or balances in accordance with
this Agreement and the other Loan Documents. Upon any sale of Collateral by the Collateral Agent (including pursuant to a power 

  
 16 

 
of sale granted by statute or under a judicial proceeding), the receipt of the purchase money by the Collateral Agent or of the officer making the sale shall be a sufficient discharge to the
purchaser or purchasers of the Collateral so sold and such purchaser or purchasers shall not be obligated to see to the application of any part of the purchase money paid over to the Collateral Agent or such officer or be answerable in any way for
the misapplication thereof. 
 Section 6.03 Grant of License to Use Intellectual Property. For the purpose of enabling the
Collateral Agent to exercise rights and remedies under this Agreement at such time as the Collateral Agent shall be lawfully entitled to exercise such rights and remedies, the Grantor shall, upon request by the Collateral Agent at any time after and
during the continuance of an Event of Default, grant to (in the Collateral Agent’s sole discretion) the Collateral Agent or a designee of the Collateral Agent, for the benefit of the Secured Parties, an irrevocable, nonexclusive license
(exercisable without payment of royalty or other compensation to the Grantor) to use, license or, solely to the extent necessary to exercise such rights and remedies, sublicense Intellectual Property constituting Article 9 Collateral, now owned or
hereafter acquired by the Grantor, wherever the same may be located, and including, without limitation, in such license reasonable access to all media in which any of the licensed items may be recorded or stored and to all computer software and
programs used for the compilation or printout thereof; provided, however, that nothing in this Section 5.03 shall require the Grantor to grant any license that is prohibited by any rule of law, statute or
regulation or is prohibited by, or constitutes a breach or default under or results in the termination of or gives rise to any right of acceleration, modification or cancellation under any contract, license, agreement, instrument or other document
evidencing, giving rise to a right to use or theretofore granted with respect to such property; provided, further, that such licenses to be granted hereunder with respect to Trademarks shall be subject to the maintenance of quality
standards with respect to the goods and services on which such Trademarks are used sufficient to preserve the validity of such Trademarks. The use of such license by the Collateral Agent may be exercised, at the option of the Collateral Agent, upon
the occurrence and during the continuation of an Event of Default; provided that any permitted license, sublicense or other transaction entered into by the Collateral Agent in accordance herewith shall be binding upon the Grantor
notwithstanding any subsequent cure of an Event of Default. 
 Section 6.04 Investment Related Property. Each of the
Grantor and the Pledgor recognizes that, by reason of certain prohibitions contained in the Securities Act and applicable state securities laws, the Collateral Agent may be compelled, with respect to any sale of all or any part of the Pledged
Collateral or the Article 9 Collateral consisting of or relating to Equity Interests (all such Collateral referred to in this Article as “Investment Property Collateral”) conducted without prior registration or qualification of such
Investment Related Property under the Securities Act and/or such state securities laws, to limit purchasers to those who will agree, among other things, to acquire the Investment Property Collateral for their own account, for investment and not with
a view to the distribution or resale thereof. Each of the Grantor and the Pledgor acknowledges that any such private sale may be at prices and on terms less favorable than those obtainable through a public sale without such restrictions (including a
public offering made pursuant to a registration statement under the Securities Act) and, notwithstanding such circumstances, each of the Grantor and the Pledgor agrees that any such private sale shall be deemed to have been made in a commercially
reasonable manner and that the Collateral Agent shall have no obligation to engage in public sales and no obligation to delay the sale of any Investment Property Collateral for the period of time necessary to permit the issuer thereof to register it
for a form of public sale 

  
 17 

 
requiring registration under the Securities Act or under applicable state securities laws, even if such issuer would, or should, agree to so register it. If the Collateral Agent determines to
exercise its right to sell any or all of the Investment Property Collateral, upon written request, the Grantor or the Pledgor, as applicable, shall and shall use commercially reasonable efforts to cause each issuer of any Pledged Stock to be sold
hereunder, each partnership and each limited liability company from time to time to furnish to the Collateral Agent all such information as the Collateral Agent may request in order to determine the number and nature of interest, shares or other
instruments included in the Investment Property Collateral which may be sold by the Collateral Agent in exempt transactions under the Securities Act and the rules and regulations of the Securities and Exchange Commission thereunder, as the same are
from time to time in effect. 
 ARTICLE 7 

SUBROGATION AND SUBORDINATION 

Section 7.01 Subrogation and Subordination. The Guarantor hereby unconditionally and irrevocably waives and agrees not to
(a) enforce or otherwise exercise any right of subrogation or any right of indemnity, reimbursement or contribution or similar right against the Borrower by reason of any Loan Document or any payment made thereunder or (b) assert any
claim, defense, setoff or counterclaim it may have against the Borrower or set off any of its obligations to the Borrower against obligations of the Borrower to the Guarantor. Without limiting the foregoing, the Guarantor hereby unconditionally and
irrevocably agrees to fully subordinate any right it may have of subrogation, indemnity, reimbursement or contribution, whether under applicable law or otherwise, to the payment in full of the Guaranteed Obligations; provided that, if any
amount shall be paid to the Guarantor on account of any such rights at any time during the continuance of an Event of Default, such amount shall be held in trust for the benefit of the Beneficiaries and shall forthwith be paid to the Collateral
Agent to be credited and applied against the Guaranteed Obligations, whether matured or unmatured, in accordance with Section 6.02. 

ARTICLE 8 
 MISCELLANEOUS 

Section 8.01 Notices. 

(a) Except in the case of notices expressly permitted to be given by telephone and except as provided in the
Section 8.01(b), all notices and other communications provided for herein shall be in writing and shall be delivered by hand, overnight service, courier service, mailed by certified or registered mail or sent by facsimile,
as set forth on Schedule 9.01 to the Loan Agreement. All notices hereunder to the Parent (in any capacity hereunder) shall be given to it in care of the Borrower. 

(b) Notices and other communications to the Collateral Agent or other Secured Parties hereunder may be delivered or furnished by electronic
communications pursuant to procedures approved by the Administrative Agent, as required by the Loan Agreement; provided that the foregoing shall not apply to service of process. Each party hereto may, in its discretion, agree to accept
notices and other communications to it hereunder by electronic communications pursuant to procedures approved by it; provided that approval of such procedures may be limited to particular notices or communications. 

  
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 (c) 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 prior to 5:00 p.m., New York City time, on such date by hand, overnight service, courier service, facsimile or (to the extent permitted by
paragraph (b) above) electronic means, or (ii) on the date five Business Days after dispatch by certified or registered mail with respect to both foregoing clauses (i) and (ii), to the extent properly addressed and delivered, sent or
mailed to such party as provided in this Section 8.01 or in accordance with the latest unrevoked direction from such party given in accordance with this Section 8.01 or Section 9.01 of the
Loan Agreement. 
 (d) Any party hereto may change its address or facsimile number for notices and other communications hereunder by notice
to the other parties hereto. 
 Section 8.02 Binding Effect; Successors and Assigns. This Agreement shall become
effective when a counterpart hereof executed on behalf of each party hereto shall have been delivered to the Collateral Agent and a counterpart hereof shall have been executed on behalf of the Collateral Agent, and thereafter shall be binding upon
each such party and the Collateral Agent and their respective successors and permitted assigns, and shall inure to the benefit of each such party, the Collateral Agent and the other Secured Parties and the respective successors and permitted assigns
of each of the foregoing. 
 Section 8.03 Collateral Agent’s Fees and Expenses; Indemnification. 

(a) The parties hereto agree that the Collateral Agent shall be entitled to reimbursement of its expenses incurred hereunder as provided in
Section 9.05 of the Loan Agreement. The parties hereto agree that the Collateral Agent shall be entitled to indemnification as provided in Section 9.05 of the Loan Agreement. 

(b) By its acceptance of the benefits hereof, each Lender and each Secured Swap Agreement Counterparty agrees (i) to reimburse the
Collateral Agent, on demand, in the amount of its pro rata share (in accordance with its outstanding Secured Obligations as a percentage of the aggregate amount of outstanding Secured Obligations of all Lenders and Secured Swap
Counterparties), of any reasonable expenses incurred by the Collateral Agent, including reasonable counsel fees and compensation of agents and employees paid for services rendered on behalf of the Collateral Agent, which are subject to reimbursement
pursuant to Section 9.05 of the Loan Agreement and which shall not have been reimbursed by the Borrower and (ii) to indemnify and hold harmless the Collateral Agent and any of its directors, officers, employees or agents, on demand, in the
amount of such pro rata share, from and against any and all liabilities, Taxes, obligations, losses, damages, penalties, actions, judgments, suits, costs, expenses or disbursements of any kind or nature whatsoever which may be imposed on,
incurred by or asserted against it in its capacity as Collateral Agent or any of them in any way relating to or arising out of this Agreement or any other Loan Document or any action taken or omitted by it or any of them under this Agreement or any
other Loan Document, to the extent the same shall not have been reimbursed by the Borrower, provided that no Lender or Secured Swap Agreement Counterparty shall be liable to the Collateral Agent for any portion of such liabilities,
obligations, losses, damages, penalties, actions, judgments, suits, costs, expenses or disbursements to the extent found in a final non-appealable judgment by a court of competent jurisdiction to have resulted
primarily from the gross negligence or willful misconduct of the Collateral Agent or any of its directors, officers, employees or agents. 

  
 19 

 (c) The provisions of this Section 8.03 shall remain in full force
and effect regardless of the termination of this Agreement or any other Loan Document or the repayment of any of the Secured Obligations. All amounts due under this Section 8.03 shall be payable on written demand therefor
accompanied by reasonable documentation with respect to any reimbursement, indemnification or other amount requested. 
 Section 8.04
Collateral Agent Appointed Attorney-in-Fact. Until the Termination Date, each Obligor hereby appoints the Collateral Agent as the
attorney-in-fact of such Obligor, which appointment is irrevocable and coupled with an interest, with full authority in the place and stead of such Obligor and in the
name of such Obligor, the Collateral Agent or otherwise, from time to time, to take the following actions, in each case upon the occurrence and during the continuance of an Event of Default: (a) to receive, endorse, assign or deliver any and
all notes, acceptances, checks, drafts, money orders or other evidences of payment relating to the Collateral or any part thereof; (b) to demand, collect, receive payment of, give receipt for and give discharges and releases of all or any of
the Collateral; (c) to ask for, demand, sue for, collect, receive and give acquittance for any and all moneys due or to become due under and by virtue of any Collateral; (d) to file any claims or take any action or institute any
proceedings that may be necessary or desirable for the collection of any of such Obligor’s Collateral or otherwise to enforce the rights of the Collateral Agent with respect to any of such Obligor’s Collateral; (e) to take or cause to
be taken all actions necessary to perform or comply or cause performance or compliance with the terms of this Agreement, including access to pay or discharge taxes or Liens levied or placed upon or threatened against the Collateral; and (f) to
use, sell, assign, transfer, pledge, make any agreement with respect to or otherwise deal with all or any of the Collateral, and to do all other acts and things necessary to carry out the purposes of this Agreement, as fully and completely as though
the Collateral Agent were the absolute owner of the Collateral for all purposes; provided, that nothing herein contained shall be construed as requiring or obligating the Collateral Agent to make any commitment or to make any inquiry as to
the nature or sufficiency of any payment received by the Collateral Agent, or to present or file any claim or notice, or to take any action with respect to the Collateral or any part thereof or the moneys due or to become due in respect thereof or
any property covered thereby. Each of the Collateral Agent and the other Secured Parties shall be accountable only for amounts actually received by it as a result of the exercise of the powers granted to them herein, and neither they nor their
respective officers, directors, employees or agents shall be responsible to any Obligor for any act or failure to act hereunder, except, respectively, to the extent of its own gross negligence, bad faith or willful misconduct. 

Section 8.05 Applicable Law. THIS AGREEMENT AND THE RIGHTS AND OBLIGATIONS OF THE PARTIES UNDER THIS AGREEMENT SHALL BE CONSTRUED
IN ACCORDANCE WITH AND GOVERNED BY THE LAWS OF THE STATE OF NEW YORK. 

  
 20 

 Section 8.06 Waivers; Amendment. 

(a) No failure or delay by the Collateral Agent or any other Secured Party in exercising any right, power or remedy hereunder shall operate as
a waiver thereof, nor shall any single or partial exercise of any such right, power or remedy, or any abandonment or discontinuance of steps to enforce such a right, power or remedy, preclude any other or further exercise thereof or the exercise of
any other right, power or remedy. The rights, powers and remedies of the Collateral Agent and the other Secured Parties hereunder and under the other Loan Documents are cumulative and are not exclusive of any rights, powers or remedies that they
would otherwise have. No waiver of any provision of this Agreement or consent to any departure by any Obligor therefrom shall in any event be effective unless the same shall be permitted by Section 8.06(b), 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 any Obligor in any case shall entitle such Obligor to any other or further notice or demand in similar or other
circumstances. 
 (b) 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 Collateral Agent and each Obligor, subject to any additional consent required in accordance with Section 9.08 of the Loan Agreement. 

Section 8.07 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 OTHER LOAN DOCUMENT. EACH PARTY HERETO (A) CERTIFIES THAT NO REPRESENTATIVE, AGENT OR ATTORNEY
OF ANY OTHER PARTY HAS 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 BY, AMONG OTHER THINGS, THE MUTUAL WAIVERS AND CERTIFICATIONS IN THIS SECTION 8.07. 
 Section 8.08
Severability. In the event any one or more of the provisions contained in this Agreement should be held invalid, illegal or unenforceable in any respect, the validity, legality and enforceability of the remaining provisions contained herein
shall not in any way be affected or impaired thereby. 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 8.09 Counterparts. This Agreement may be executed in one or
more counterparts, each of which shall constitute an original but all of which when taken together shall constitute but one contract and shall become effective as provided in Section 8.02. Delivery of an executed
counterpart to this Agreement by facsimile or an electronic transmission of a PDF copy thereof shall be as effective as delivery of a manually signed original. Any such delivery shall be followed promptly by delivery of the manually signed original.

 Section 8.10 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. 

  
 21 

 Section 8.11 Jurisdiction; Consent to Service of Process. 

(a) Each party to this Agreement hereby irrevocably and unconditionally submits, for itself and its property, to the exclusive jurisdiction of
any New York State court or federal court of the United States of America sitting in New York County, 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, 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 Obligor further irrevocably consents to the service of process in any action or proceeding in such courts by the mailing thereof by any parties thereto by registered or certified mail, postage
prepaid, to the Borrower at its address specified in Schedule 9.01 of the Loan Agreement. 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. Subject to Section 8.09 of the Loan Agreement, nothing in this Agreement shall affect any right that the Collateral Agent or any other Secured Party may otherwise have to bring any action
or proceeding relating to this Agreement or any other Loan Document against any Obligor, or its properties, in the courts of any jurisdiction. 

(b) Each party to this Agreement 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 any other Loan Document in any New York State or federal court sitting in New York County. Each of
the parties hereto hereby 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. 

Section 8.12 Termination or Release. 

(a) This Agreement, the guarantees made herein, and the security interests and Liens granted hereby shall automatically terminate, and each
Obligor shall be automatically released from its obligations hereunder, immediately upon the occurrence of the Termination Date. 
 (b) Upon
any conveyance, sale, lease, assignment, transfer or other disposition by any Obligor of any Collateral in a transaction or series of transactions that is not prohibited by the Loan Agreement, or upon the effectiveness of any written consent to the
release of the security interest granted hereby in any Collateral pursuant to Section 9.08 of the Loan Agreement, the security interest in such Collateral shall be automatically released. 

(c) If any security interest granted hereby in any Collateral violates Section 9.21 of the Loan Agreement, the security interest in such
Collateral shall be automatically released. 
 (d) In connection with any termination or release pursuant to this
Section 8.12, the Collateral Agent shall execute and deliver to the applicable Obligor, at the Obligors’ expense, all documents and instruments that may be necessary or that such Obligor shall reasonably request to
evidence such termination or release and shall assist such Obligor in making any filing in connection therewith. In addition, the Collateral Agent shall promptly (and, by its acceptance of the benefits hereof, each Secured Party hereby authorizes
the Collateral Agent to) take such action and execute any such documents as may be reasonably requested by any Obligor, at the Obligors’ expense, to evidence that the Liens created hereby do not extend to any Excluded Asset. Any execution and
delivery of documents pursuant to this Section 8.12 shall be without recourse to or warranty by the Collateral Agent. 

  
 22 

 Section 8.13 Authority of Collateral Agent. The Collateral Agent has been
appointed to act as Collateral Agent hereunder by the Lenders and, by their acceptance of the benefits hereof, the other Secured Parties. The Collateral Agent shall be obligated, and shall have the right hereunder, to make demands, to give notices,
to exercise or refrain from exercising any rights, and to take or refrain from taking any action (including the release or substitution of Collateral), solely in accordance with this Agreement and the other Loan Documents. 

Section 8.14 Other Secured Parties. By its acceptance of the benefits hereof, each Secured Party hereby (a) confirms that it
has received a copy of, and consents to the terms of, the Loan Agreement, this Agreement and such other documents and information as it has deemed appropriate to make its own decision to become a Secured Party, (b) appoints and authorizes and
instructs the Collateral Agent to take such action as agent on its behalf and to exercise such powers and discretion under the Loan Agreement, the other Loan Documents or any other instrument or document furnished pursuant hereto or thereto as are
delegated to the Collateral Agent by the terms hereof or thereof, together with such powers as are incidental thereto, (c) agrees that it will be bound by the provisions of this Agreement and of Article VIII (other than Section 8.12) and
Article IX of the Loan Agreement (with respect to each such Article, in the case of any Secured Party that is not a Lender, as if such Secured Party was a Lender party to the Loan Agreement) and will perform in accordance with its terms all such
obligations which by the terms of such documents are required to be performed by it a an Secured Party (or in the case of Article VIII (other than Section 8.12) and Article IX of the Loan Agreement, as a Lender) and will take no actions
contrary to such obligations, and (d) authorizes and instructs the Collateral Agent to enter into this Agreement as Collateral Agent and on behalf of such Secured Party. 

Section 8.15 Excluded Assets. Notwithstanding anything to the contrary herein or in any other Loan Document, none of the Obligors
shall be required to take any action intended to cause any Excluded Asset to constitute Collateral, and none of the covenants or representations and warranties herein shall be deemed to apply to any property constituting Excluded Assets. 

[Signature Pages Follow] 

  
 23 

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

			
	SUMMIT MIDSTREAM PARTNERS HOLDINGS, LLC, as Grantor
		
	By:	 	/s/ Matthew S. Harrison
	Name:	 	Matthew S. Harrison
	Title:	 	Executive Vice President and Chief Financial Officer
	
	SUMMIT MIDSTREAM PARTNERS, LLC, as Pledgor and Guarantor
		
	By:	 	/s/ Matthew S. Harrison
	Name:	 	Matthew S. Harrison
	Title:	 	Executive Vice President and Chief Financial Officer

 [Signature Page to Guarantee and Collateral Agreement] 

 
			
	CREDIT SUISSE AG, CAYMAN ISLANDS BRANCH, as Collateral Agent
		
	By:	 	/s/ Nupur Kumar
	Name:	 	Nupur Kumar
	Title:	 	Authorized Signatory
		
	By:	 	/s/ Lea Baerlocher
	Name:	 	Lea Baerlocher
	Title:	 	Authorized Signator

 [Signature Page to Guarantee and Collateral Agreement]EXHIBIT
10.65

 

NEITHER
THE ISSUANCE AND SALE OF THE SECURITIES REPRESENTED BY THIS CERTIFICATE NOR THE SECURITIES INTO WHICH THESE SECURITIES ARE CONVERTIBLE
HAVE BEEN REGISTERED UNDER THE SECURITIES ACT OF 1933, AS AMENDED, OR APPLICABLE STATE SECURITIES LAWS. THE SECURITIES MAY NOT
BE OFFERED FOR SALE, SOLD, TRANSFERRED OR ASSIGNED IN THE ABSENCE OF (A) AN EFFECTIVE REGISTRATION STATEMENT FOR THE SECURITIES
UNDER THE SECURITIES ACT OF 1933, AS AMENDED, OR (B) AN OPINION OF COUNSEL (WHICH COUNSEL SHALL BE SELECTED BY THE HOLDER), IN
A GENERALLY ACCEPTABLE FORM, THAT REGISTRATION IS NOT REQUIRED UNDER SAID ACT. 

 

	Principal
    Amount: $700,000 	Issue
    Date: May 27, 2020 

 

CONVERTIBLE
SECURED PROMISSORY NOTE

 

FOR
VALUE RECEIVED, Investview, Inc., a Nevada corporation (hereinafter called the “Borrower”), hereby
promises to pay to the order of DBR Capital, LLC, a Pennsylvania limited liability company, or its registered assigns (the
“Holder”) the sum of $700,000 together with all accrued interest thereon as provided in this Note. The aggregate
unpaid principal amount of the Note, all accrued and unpaid interest, and all other amounts payable under this Note shall be due
and payable on April 27, 2030 (the “Maturity Date”), unless otherwise provided herein. Each capitalized term
used herein, and not otherwise defined, shall have the meaning ascribed thereto in that certain Securities Purchase Agreement
dated as of April 27, 2020, pursuant to which this Note was originally issued (the “Purchase Agreement”).

 

ARTICLE
I. BASIC TERMS 

 

1.1
Interest Rate. The unpaid principal balance of this Note shall bear interest at the rate of twenty percent (20%) per annum
(the “Interest Rate”) from the date hereof (the “Issue Date”) until the same shall be paid
in full, whether at maturity or upon acceleration or by prepayment or otherwise; provided that if the Borrower fails to make two
or more Interest Payments (as defined herein) when due and payable, the Borrower shall pay interest on the unpaid principal balance
hereof at the rate of twentyfive percent (25%) per annum (the “Penalty Interest Rate”) from the date of the
second missed Interest Payment until the aggregate unpaid principal amounts of this Note shall be paid in full, whether at maturity
or upon acceleration or by prepayment or otherwise. Interest shall be computed on the basis of a 360 day year and the actual number
of days elapsed. Interest shall commence accruing on the Issue Date.

 

1.2
Payments. Interest shall be payable monthly in arrears to the Holder on the first day of each month (each, a “Payment
Date”) commencing on the first such proceeding month to occur after the Issue Date provided such date is at least 30
days after the Issue Date (each, an “Interest Payment”). For the avoidance of doubt, the first Interest Payment
shall include all accrued but unpaid interest from the Issue Date to the date of such Interest Payment. All payments due hereunder
shall be made in lawful money of the United States of America. All payments shall be made at such address or to such account as
the Holder shall hereafter give to the Borrower by written notice made in accordance with the provisions of this Note.

 

    	1

     

    

 

1.3
Default Interest Rate. Upon the failure to pay any amount of principal or interest on this Note when due, this Note shall
bear interest at the Interest Rate or Penalty Interest Rate, as applicable, plus five percent (5%) per annum from the due date
thereof until the same is paid (“Default Interest”).

 

1.4
Prepayment. This Note may not be prepaid in whole or in part except as otherwise explicitly set forth herein.

 

1.5
Security Agreement. The Borrower’s performance of its obligations hereunder is secured by a first priority security
interest in the collateral specified in that certain Guaranty and Collateral Agreement, dated as of May 15, 2020, by and among
the Borrower, SafeTek, LLC, a Utah Limited Liability Company and the Holder.

 

ARTICLE
II. CONVERSION RIGHTS 

 

2.1
Conversion Rights.

 

(a)
Holder Conversion Right. The Holder shall have the right from time to time, and at any time during the period beginning
on the Issue Date and ending on the Maturity Date, to convert all or any part of the outstanding and unpaid principal amount and
any accrued and unpaid interest of this Note into fully paid and non-assessable shares of Common Stock, as such Common Stock exists
on the Issue Date, or any shares of capital stock or other securities of the Borrower into which such Common Stock shall hereafter
be changed or reclassified at the conversion price (the “Conversion Price”) determined as provided herein (a
“Holder Conversion”). The number of shares of Common Stock to be issued upon each Holder Conversion shall be
determined by dividing the Conversion Amount (as defined below) by the applicable Conversion Price then in effect. The term “Conversion
Amount” means, with respect to any conversion of this Note, the sum of (1) the principal amount of this Note to be converted
in such conversion plus (2) accrued and unpaid interest, if any, on such principal amount at the interest rates provided in this
Note on the Conversion Date, plus (3) Default Interest, if any, on the amounts referred to in the immediately preceding clauses
(1) and/or (2).

 

(b)
Borrower Conversion Right. The Borrower shall have the right from time to time during the period beginning on the Conversion
Trigger Date and ending on the thirtieth (30th) day following the Conversion Trigger Date, to convert all or any part of the outstanding
and unpaid principal amount and any accrued and unpaid interest of this Note into fully paid and non-assessable shares of common
stock of the Company (the “Common Stock”), as such Common Stock exists on the Issue Date, or any shares of
capital stock or other securities of the Borrower into which such Common Stock shall hereafter be changed or reclassified at the
Conversion Price (a “Borrower Conversion” and, together with any Holder Conversion, a “Conversion”).
The number of shares of Common Stock to be issued upon each Borrower Conversion of this Note shall be determined by dividing the
Conversion Amount by the applicable Conversion Price then in effect. The term “Conversion Trigger Date” means
the date on which both of the following conditions are satisfied (i) the Trading Price (as defined below) for the Common Stock
is equal to or greater than the minimum trade price of $0.14 per share for thirty (30) consecutive Trading Days (as defined
below) and (ii) the minimum average daily volume of the Common Stock is at least 1,000,000 shares per day during such thirty (30)
consecutive Trading Day period commencing at least twenty-four (24) months after the date hereof. “Trading Price”
means, for any security as of any date, the lowest minimum trade price of the Common Stock on the OTCQB, OTCQX, Pink Sheets electronic
quotation system or applicable trading market (the “OTC”) as reported by a reliable reporting service designated
by the Holder (i.e. Bloomberg) or, if the OTC is not the principal trading market for such security, the lowest minimum trade
price of such security on the principal securities exchange or trading market where such security is listed or traded or, if no
lowest minimum trade price of such security is available in any of the foregoing manners, then such Borrower Conversion right
shall be disallowed. “Trading Day” shall mean any day on which the Common Stock is tradable for any period
on the OTC, or on the principal securities exchange or other securities market on which the Common Stock is then being traded.

 

    	2

     

    

 

2.2
Conversion Price.

 

(a)
Initial Conversion Price. The conversion price (subject to adjustment as set forth herein and other equitable adjustments
by the Borrower relating to the Borrower’s securities or the securities of any subsidiary of the Borrower, combinations,
stock splits, reverse stock splits, recapitalization, reclassifications, extraordinary distributions and similar events, the “Conversion
Price”) shall equal $0.012571428571429 per share of Common Stock.

 

(b)
Adjustment to Conversion Price. If the Borrower shall, at any time or from time to time after the Issue Date, issue or
sell any shares of Common Stock without consideration or for consideration per share less than the Conversion Price in effect
immediately prior to such issuance or sale, then immediately upon such issuance or sale, the Conversion Price in effect immediately
prior to such issuance or sale shall be reduced (and in no event increased) to a Conversion Price equal to the lowest price per
share at which any share of Common Stock has been issued or sold, provided, that if such issuance or sale was without consideration,
then the Company shall be deemed to have received an aggregate of $0.001 per share of consideration for such shares so issued
or deemed to be issued.

 

2.3
Authorized Shares. The Borrower covenants that during the period the Conversion right exists, the Borrower will reserve
from its authorized and unissued Common Stock a sufficient number of shares, free from preemptive rights, to provide for the issuance
of Common Stock upon the full conversion of this Note and each other Note to be issued pursuant to the Purchase Agreement, which
the parties acknowledge equates currently to 875,000,000 shares of Common Stock (the “Reserved Amount”). The
Reserved Amount shall be increased (or decreased with the written consent of the Holder) from time to time in accordance with
the Borrower’s obligations hereunder. The Borrower represents that upon issuance, such shares will be duly and validly issued,
fully paid and non-assessable. In addition, if the Borrower shall issue any securities or make any change to its capital structure,
including any stock split, reverse stock split or similar event, which would change the number of shares of Common Stock into
which the Notes shall be convertible at the then current Conversion Price, the Borrower shall at the same time make proper provision
so that thereafter there shall be a sufficient number of shares of Common Stock authorized and reserved, free from preemptive
rights, for conversion of the outstanding Note. The Borrower (i) acknowledges that it has irrevocably instructed its transfer
agent to issue certificates for the Common Stock issuable upon conversion of this Note, and (ii) agrees that its issuance of this
Note shall constitute full authority to its officers and agents who are charged with the duty of executing stock certificates
to execute and issue the necessary certificates for shares of Common Stock in accordance with the terms and conditions of this
Note.

 

If,
at any time the Borrower does not maintain the Reserved Amount it will be considered an Event of Default under Section 3.1(b)
of the Note.

 

    	3

     

    

 

2.4
Delivery of Common Stock Upon Conversion.

 

(a)
Upon receipt by (i) the Borrower from the Holder of a facsimile transmission or e-mail (or in accordance with the notice provisions
in Section 4.2) of a notice of a Holder Conversion or (ii) the Holder from the Borrower of a facsimile transmission or e-mail
(or in accordance with the notice provisions in Section 4.2) of a notice of a Borrower Conversion (each, a “Notice of
Conversion”), the Borrower shall issue and deliver or cause to be issued and delivered to or upon the order of the Holder
certificates for the Common Stock issuable upon such Conversion within two (2) business days after such receipt of the Notice
of Conversion (the “Deadline”) in accordance with the terms hereof and the Purchase Agreement. Upon receipt
by the Borrower or Holder, as applicable, of a Notice of Conversion, the Holder shall be deemed to be the holder of record of
the Common Stock issuable upon such conversion, the outstanding principal amount and the amount of accrued and unpaid interest
on this Note shall be reduced to reflect such Conversion, and, unless the Borrower defaults on its obligations hereunder, all
rights with respect to the portion of this Note being so converted shall forthwith terminate except the right to receive the Common
Stock or other securities, cash or other assets, as herein provided, on such Conversion. If the Holder or Borrower, as applicable,
shall have given a Notice of Conversion as provided herein, the Borrower’s obligation to issue and deliver the certificates
for Common Stock shall be absolute and unconditional, irrespective of the absence of any action by the Holder to enforce the same,
any waiver or consent with respect to any provision thereof, the recovery of any judgment against any person or any action to
enforce the same, any failure or delay in the enforcement of any other obligation of the Borrower to the holder of record, or
any setoff, counterclaim, recoupment, limitation or termination, or any breach or alleged breach by the Holder of any obligation
to the Borrower, and irrespective of any other circumstance which might otherwise limit such obligation of the Borrower to the
Holder in connection with such conversion.

 

(b) Delivery
of Common Stock by Electronic Transfer. In lieu of delivering physical certificates representing the Common Stock
issuable upon conversion, provided the Borrower is participating in the Depository Trust Company (“DTC”)
Fast Automated Securities Transfer program, upon request of the Holder and its compliance with the provisions set forth
herein, the Borrower shall use its best efforts to cause its transfer agent to electronically transmit the Common Stock
issuable upon a Conversion to the Holder by crediting the account of Holder’s Prime Broker with DTC through its Deposit
Withdrawal Agent Commission system.

 

2.5 Concerning
the Shares. The shares of Common Stock issuable upon a Conversion of this Note may not be sold or transferred unless: (i)
such shares are sold pursuant to an effective registration statement under the 1933 Act or (ii) the Borrower or its transfer
agent shall have been furnished with an opinion of counsel (which opinion shall be in form, substance and scope customary for
opinions of counsel in comparable transactions) to the effect that the shares to be sold or transferred may be sold or
transferred pursuant to an exemption from such registration (such as Rule 144 or a successor rule) (“Rule
144”); or (iii) such shares are transferred to an “affiliate” (as defined in Rule 144) of the Borrower
who agrees to sell or otherwise transfer the shares only in accordance with this Section 2.5(a) and who is an
“accredited investor” (as defined in Rule 501(a) of the SEC). Any restrictive legend on certificates representing
shares of Common Stock issuable upon a Conversion of this Note shall be removed and the Borrower shall issue to the Holder a
new certificate therefore free of any transfer legend if the Borrower or its transfer agent shall have received an opinion of
counsel from Holder’s counsel, in form, substance and scope customary for opinions of counsel in comparable
transactions, to the effect that (i) a public sale or transfer of such Common Stock may be made without registration under
the 1933 Act, which opinion shall be accepted by the Borrower so that the sale or transfer is effected; or (ii) in the case
of the Common Stock issuable upon conversion of this Note, such security is registered for sale by the Holder under an
effective registration statement filed under the 1933 Act; or (iii) otherwise may be sold pursuant to an exemption from
registration. In the event that the Borrower does not reasonably accept the opinion of counsel provided by the Holder with
respect to the transfer of Securities pursuant to an exemption from registration (such as Rule 144), at the Deadline, it will
be considered an Event of Default pursuant to Section 3.1(b) of the Note.

 

    	4

     

    

 

2.6 Adjustment
Due to Distribution. If the Borrower shall declare or make any distribution of its assets (or rights to acquire its
assets) to holders of Common Stock as a dividend, stock repurchase, by way of return of capital or otherwise (including any
dividend or distribution to the Borrower’s shareholders in cash or shares (or rights to acquire shares) of capital
stock of a subsidiary (i.e., a spin-off)) (collectively, a “Distribution”), then the Holder of this Note
shall be entitled to receive, at the time of such Distribution, the amount of such assets which would have been payable to
the Holder with respect to the shares of Common Stock issuable upon a Conversion of this Note had such Holder been the holder
of such shares of Common Stock on the record date for the determination of shareholders entitled to such
Distribution.

 

2.7
Mandatory Repurchase Option. In the event the Borrower proposes to issue and sell Common Stock or any other equity securities
of the Borrower, or any instruments convertible into or exercisable for or exchangeable for Common Stock or other equity securities
of the Borrower, to investors on or before the Maturity Date in an equity financing (a “Subsequent Financing”),
the Borrower shall give the Holder written notice of the Subsequent Financing no less than thirty (30) Business Days prior to
the closing of such Subsequent Financing. Promptly upon receipt of such notice, in the sole and absolute discretion of the Holder,
the Holder may demand in writing payment by the Borrower to the Holder in an amount equal to 25% of the aggregate gross proceeds
(net of out of pocket costs incurred in connection therewith) of the Subsequent Financing as a repurchase (in whole or in part)
of this Note and each other Note issued pursuant to the Purchase Agreement at the Repurchase Price. As used herein, the “Repurchase
Price” shall be the sum of (i) the aggregate amount of interest payable on the portion of the principal amount of such
Note to be prepaid accruing from the date of the issuance thereof through the Maturity Date thereof, less the aggregate amount
of interest paid in cash thereon through the date of, and immediately prior to, such repurchase and (ii) the principal amount
thereof to be prepaid. Except as provided in this Section 2.7 (or by a Borrower Conversion as provided herein), this Note may
not be redeemed by the Borrower at any time.

 

ARTICLE
III. EVENTS OF DEFAULT AND REMEDIES 

 

3.1
Events of Default. Each of the following is an “Event of Default” hereunder:

 

(a)
Failure to Pay Principal and Interest. The Borrower (i) fails to pay the principal hereof or interest thereon when due
on this Note, whether monthly, at maturity or upon acceleration, as applicable, and such breach continues for a period of ten
(10) days from the due date or (ii) fails to make any payment when due on this Note more than twice in any rolling twelve (12)
month period.

 

    	5

     

    

 

(b)
Conversion and the Shares. The Borrower fails to issue shares of Common Stock to the Holder (or announces or threatens
in writing that it will not honor its obligation to do so) upon exercise by the Holder or the Borrower of their respective Conversion
rights in accordance with the terms of this Note, fails to transfer or cause its transfer agent to transfer (issue) (electronically
or in certificated form) any certificate for shares of Common Stock issued to the Holder upon a Conversion of or otherwise pursuant
to this Note as and when required by this Note, the Borrower directs its transfer agent not to transfer or delays, impairs, and/or
hinders its transfer agent in transferring (or issuing) (electronically or in certificated form) any certificate for shares of
Common Stock to be issued to the Holder upon a Conversion of or otherwise pursuant to this Note as and when required by this Note,
or fails to remove (or directs its transfer agent not to remove or impairs, delays, and/or hinders its transfer agent from removing)
any restrictive legend (or to withdraw any stop transfer instructions in respect thereof) on any certificate for any shares of
Common Stock issued to the Holder upon a Conversion of or otherwise pursuant to this Note as and when required by this Note (or
makes any written announcement, statement or threat that it does not intend to honor the obligations described in this paragraph)
and any such failure shall continue uncured (or any written announcement, statement or threat not to honor its obligations shall
not be rescinded in writing) for two (2) business days after the receipt of the applicable Notice of Conversion. It is an obligation
of the Borrower to remain current in its obligations to its transfer agent. It shall be an event of default of this Note, if a
Conversion of this Note is delayed, hindered or frustrated due to a balance owed by the Borrower to its transfer agent. If at
the option of the Holder, the Holder advances any funds to the Borrower’s transfer agent in order to process a Conversion,
such advanced funds shall be paid by the Borrower to the Holder within forty-eight (48) hours of a demand from the Holder.

 

(c)
Breach of Covenants. The Borrower breaches any covenant or other term or condition contained in this Note and any Transaction
Document.

 

(d)
Breach of Representations and Warranties. Any representation or warranty of the Borrower made herein or in any agreement,
statement or certificate given in writing pursuant hereto or in connection herewith (including, without limitation, the Purchase
Agreement), shall be false or misleading in any material respect when made, or Borrower knows with the passage of time that such
representation or warranty of Borrower will become false or misleading in any material respect.

 

(e)
Receiver or Trustee. The Borrower or any subsidiary of the Borrower shall make an assignment for the benefit of creditors,
or apply for or consent to the appointment of a receiver or trustee for it or for a substantial part of its property or business,
or such a receiver or trustee shall otherwise be appointed.

 

(f)
Bankruptcy. Bankruptcy, insolvency, reorganization or liquidation proceedings or other proceedings, voluntary or involuntary,
for relief under any bankruptcy law or any law for the relief of debtors shall be instituted by or against the Borrower or any
subsidiary of the Borrower.

 

(g)
Delisting of Common Stock. The Borrower shall fail to maintain the listing of the Common Stock on at least one of the OTC
(which specifically includes the quotation platforms maintained by the OTC Markets Group) or an equivalent replacement exchange,
the Nasdaq National Market, the Nasdaq SmallCap Market, the New York Stock Exchange, or the American Stock Exchange.

 

    	6

     

    

 

(h)
Failure to Comply with the Exchange Act. The Borrower shall fail to comply with the reporting requirements of the Exchange
Act; and/or the Borrower shall cease to be subject to the reporting requirements of the Exchange Act.

 

(i)
Liquidation. Any dissolution, liquidation, or winding up of Borrower or any substantial portion of its business.

 

(j)
Cessation of Operations. Any cessation of operations by Borrower or Borrower admits it is otherwise generally unable to
pay its debts as such debts become due.

 

(k)
Financial Statement Restatement. The restatement of any financial statements filed by the Borrower with the SEC at any
time after the Issue Date for any date or period until this Note is no longer outstanding, if the result of such restatement would,
by comparison to the un-restated financial statement, have constituted a material adverse effect on the rights of the Holder with
respect to this Note or the Purchase Agreement.

 

(l)
Replacement of Transfer Agent. In the event that the Borrower proposes to replace its transfer agent, the Borrower fails
to provide, prior to the effective date of such replacement, a fully executed Irrevocable Transfer Agent Instructions in a form
as initially delivered pursuant to the Purchase Agreement (including but not limited to the provision to irrevocably reserve shares
of Common Stock in the Reserved Amount) signed by the successor transfer agent to Borrower and the Borrower.

 

(m)
Unavailability of Rule 144. If, at any time on or after the date which is six (6) months after the Issue Date, the Holder
is unable to (i) obtain a standard “144 legal opinion letter” from an attorney reasonably acceptable to the Holder,
the Holder’s brokerage firm (and respective clearing firm), and the Borrower’s transfer agent in order to facilitate
the Holder’s Conversion of any portion of the Note into free trading shares of the Borrower’s Common Stock pursuant
to Rule 144, and (ii) thereupon deposit such shares into the Holder’s brokerage account.

 

(n)
Change of Control. A Change of Control shall occur.

 

3.2
Acceleration; Exercise of Remedies.

 

(a)
UPON THE OCCURRENCE AND DURING THE CONTINUATION OF ANY EVENT OF DEFAULT SPECIFIED IN CLAUSE (b), (e), (f), (i), OR (m), THE
NOTE SHALL BECOME IMMEDIATELY DUE AND PAYABLE AT THE REPURCHASE PRICE. Upon the occurrence and during the continuation of any
Event of Default specified in Clauses (a), (c), (d), (g), (h), (j), (k), (l) and/or (n), exercisable through the delivery of
written notice to the Borrower by such Holders, and all other amounts payable hereunder shall immediately become due and
payable at the Repurchase Price, all without demand, presentment or notice, all of which hereby are expressly waived,
together with all costs, including, without limitation, legal fees and expenses, of collection, and the Holder shall be
entitled to exercise all other rights and remedies available at law or in equity.

 

    	7

     

    

 

(b)
If an Event of Default occurs and is continuing, Holder may pursue any available remedy to collect the payment of principal, premium
and interest on the Notes at the Repurchase Price or to enforce the performance of any provision of the Notes, the Purchase Agreement
or the Security Agreement.

 

ARTICLE
IV. MISCELLANEOUS 

 

4.1
Failure or Indulgence Not Waiver. No failure or delay on the part of the Holder in the exercise of any power, right or
privilege hereunder shall operate as a waiver thereof, nor shall any single or partial exercise of any such power, right or privilege
preclude other or further exercise thereof or of any other right, power or privileges. All rights and remedies existing hereunder
are cumulative to, and not exclusive of, any rights or remedies otherwise available.

 

4.2
Notices. All notices, demands, requests, consents, approvals, and other communications required or permitted to be given
pursuant to this Note shall be in writing and shall be delivered (a) in hand by person with written receipt of the person to whom
such notice is intended; (b) by registered or certified mail, postage prepaid, return receipt requested; or (c) by a generally
recognized commercial courier service or overnight delivery service, (Federal Express or UPS), for next business day delivery,
postage prepaid, with delivery receipt requested. All notices sent in accordance with this Section 4.2. shall be deemed “Delivered”
unless otherwise specified herein, the same day if delivered by hand in person with receipt and signature of the intended recipient
or by an authorized officer of the intended recipient; if by registered or certified mail, three (3) business days after the same
is deposited in the U.S. Mail; or if sent by a commercial courier service or overnight delivery service for next business day
delivery, one (1) business day after payment and receipt of mailing. The addresses for such communications shall be:

 

If
to the Borrower, to:

 

Investview,
Inc.

234
Industrial Way West

Building
A, Suite 202

Eatontown,
NJ 07724

Attention:
Joseph Cammarata, CEO and Mario Ramano

 

With a copy to:

 

Michael
Best & Friedrish LLP

170
South Main Street, Suite 1000

Salt
Lake City, UT 84101

Attention:
Kevin C. Timken

 

If
to the Holder:

 

DBR
Capital, LLC

1645
Kecks Road

Breinigsville,
PA 18031

 

    	8

     

    

 

With
a copy to:

 

Morgan,
Lewis & Bockius LLP

1701
Market Street

Philadelphia,
PA 19103

Attention:
Michael J. Pedrick

 

The
addresses of the parties set forth above may be changed from time to time by a party by Notice to the other in accordance with
the notice provisions as set forth herein this Section 4.2.

 

4.3
Amendments. This Note and any provision hereof may only be amended by an instrument in writing signed by both the Borrower
and the Holder. The term “Note” and all reference thereto, as used throughout this instrument, shall mean this instrument
(and the other Notes issued pursuant to the Purchase Agreement) as originally executed, or if later amended or supplemented, then
as so amended or supplemented.

 

4.4
Assignability. This Note shall be binding upon the Borrower and its successors and assigns, and shall inure to be the benefit
of the Holder and its successors and assigns. Each transferee of this Note must be an “accredited investor” (as defined
in Rule 501(a) of the SEC). Notwithstanding anything in this Note to the contrary, this Note may be pledged as collateral in connection
with a bona fide margin account or other lending arrangement; and may be assigned by the Holder without the consent of the Borrower.
The Borrower may not assign or transfer this Note or any of its rights hereunder without the prior written consent of the Holder.

 

4.5
Cost of Collection. Upon the occurrence of any Event of Default, the Borrower shall pay the Holder hereof all costs and
expenses of collection, including reasonable attorneys’ fees.

 

4.6
Governing Law. This Note shall be governed by and construed in accordance with the laws of the State of New York without
regard to principles of conflicts of laws. Any action brought by either party against the other concerning the transactions contemplated
by this Note shall be brought only in the state courts of New York or in the federal courts located in the state of New York.
The parties to this Note hereby irrevocably waive any objection to jurisdiction and venue of any action instituted hereunder and
shall not assert any defense based on lack of jurisdiction or venue or based upon forum non conveniens. The Borrower and
Holder waive trial by jury. The prevailing party shall be entitled to recover from the other party its reasonable attorney’s
fees and costs. In the event that any provision of this Note or any other agreement delivered in connection herewith is invalid
or unenforceable under any applicable statute, rule of law or as determined by a court of competent jurisdiction, then such provision
shall be deemed inoperative to the extent that it may conflict therewith and shall be deemed modified to conform with such statute,
rule of law or as a court of competent jurisdiction shall determine was the intent of the parties. Any such provision which may
prove invalid or unenforceable under any statute, rule of law or as determined by a court of competent jurisdiction shall be stricken
from this Note or any other agreement delivered in connection herewith and shall not affect the validity or enforceability of
this Note or any other provision of any agreement delivered in connection herewith. Each party hereby irrevocably waives personal
service of process and consents to process being served in any suit, action or proceeding in connection with this Note, any agreement
or any other document delivered in connection with this Note by mailing a copy thereof via registered or certified mail or overnight
delivery (with evidence of delivery) to such party at the address in effect for notices to it under this Note and agrees that
such service shall constitute good and sufficient service of process and notice thereof. Nothing contained herein shall be deemed
to limit in any way any right to serve process in any other manner permitted by law.

 

    	9

     

    

 

4.7
Purchase Agreement. By its acceptance of this Note, each party agrees to be bound by the applicable terms of the Purchase
Agreement.

 

4.8
Remedies. The Borrower acknowledges that a breach by it of its obligations hereunder will cause irreparable harm to the
Holder, by vitiating the intent and purpose of the transaction contemplated hereby. Accordingly, the Borrower acknowledges that
the remedy at law for a breach of its obligations under this Note will be inadequate and agrees, in the event of a breach or threatened
breach by the Borrower of the provisions of this Note, that the Holder shall be entitled, in addition to all other available remedies
at law or in equity, and in addition to the penalties assessable herein, to an injunction or injunctions restraining, preventing
or curing any breach of this Note and to enforce specifically the terms and provisions thereof, without the necessity of showing
economic loss and without any bond or other security being required.

 

4.9
Most Favored Nations. If, while this Note is outstanding, the Borrower issues other indebtedness (excluding trade payables
incurred in the ordinary course of business and indebtedness for borrowed money owing to a bank or similar financial institution)
of the Borrower convertible into equity securities of the Borrower, or amends any existing indebtedness convertible into equity
securities of the Borrower, and such newly issued or amended indebtedness would have material terms that are materially more favorable,
from the perspective of the Holder (the “Other Debt”), than the terms of this Note, then the Borrower will
provide the Holder with written notice thereof within three (3) business days of any issuance of the Other Debt, together with
a copy of all documentation relating to the Other Debt and, upon request of the Holder, any additional information related to
the Other Debt as may be reasonably requested by the Holder. In the event the Holder determines that the terms of the Other Debt
are materially more preferable to the terms of this Note, the Holder will notify the Borrower in writing within ten (10) business
days following the Holder’s receipt of such notice from the Borrower. Promptly after receipt of such written notice from
the Holder, but in any event within thirty (30) days, the Borrower will amend and restate this Note to reflect such terms of the
Other Debt as selected by the Holder with such changes to be effective as of the issue date of the Other Debt.

 

IN
WITNESS WHEREOF, Borrower has caused this Note to be signed in its name by its duly authorized officer this on May 27, 2020.

 

Investview,
Inc. 

 

	By:
    	/s/
    Joseph Cammarata	 
	Name:	 Joseph Cammarata 	 
	Title:	 Chief Executive Officer 	 

 

	Address:	Investview,
    Inc. 
	 	234
    Industrial Way West 
	 	Building
    A, Suite 202 
	 	Eatontown,
    NJ 07724 
	 	 
	Email:	joe@investview.com

 

    	10

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