Document:

EQUITY SUPPORT AGREEMENT

 EXHIBIT 10.3 
  

 EQUITY SUPPORT AGREEMENT 
 among 
 U.S. ENERGY SYSTEMS, INC., 
 a Delaware corporation 
 as Sponsor 

and 
 GBGH, LLC, 
 a Delaware limited liability company 
 as
Borrower 
 and 
 CREDIT
SUISSE, 
 as First Lien Collateral Agent and Second Lien Collateral Agent 
 Dated as of August 7, 2006 
  

 TABLE OF CONTENTS 
  

					
	 	  	 	  	Page
	 ARTICLE 1. DEFINITIONS
	  	2
			
	         1.1
	  	Defined Terms and Rules of Interpretation	  	2
	         1.2
	  	Intercreditor Agreement Definitions	  	7
	         1.3
	  	Rules of Interpretation	  	7
		
	 ARTICLE 2. OBLIGATIONS OF SPONSOR
	  	7
			
	         2.1
	  	Sponsor Funding Obligations.	  	7
		  	2.1.1. Obligation to Provide Sponsor Funding	  	7
		  	2.1.2. Sponsor Obligation Regarding Major Maintenance Account.	  	8
		  	2.1.3. Application of Sponsor Funding; Prepayment Determinations.	  	8
		  	2.1.4. Equity Support	  	8
	         2.2
	  	Payments Free and Clear of Taxes, Etc.	  	10
	         2.3
	  	Late Payment	  	12
	         2.4
	  	Waiver of Defenses; Obligations Unconditional.	  	12
		  	2.4.1. Waiver of Defenses	  	12
		  	2.4.2. Obligations Unconditional	  	13
	         2.5
	  	Subrogation	  	14
		
	 ARTICLE 3. SPECIFIC PROVISIONS
	  	15
			
	         3.1
	  	Reinstatement	  	15
	         3.2
	  	Specific Performance	  	15
	         3.3
	  	Bankruptcy Code Waiver	  	15
	         3.4
	  	No Commencement of Bankruptcy Proceedings	  	16
	         3.5
	  	Grant of Security Interest; Actions by Appropriate Collateral Agent	  	16
	         3.6
	  	Set-Off	  	17
		
	 ARTICLE 4. REPRESENTATIONS AND WARRANTIES
	  	17
			
	         4.1
	  	Corporate Existence and Business	  	17
	         4.2
	  	Authorization; No Contravention	  	17
	         4.3
	  	Binding Agreement	  	18
	         4.4
	  	Consents and Approvals	  	18
	         4.5
	  	Litigation	  	18
	         4.6
	  	Taxes	  	18
	         4.7
	  	Financing Documents	  	18
	         4.8
	  	Regulatory Matters	  	18
	         4.9
	  	Insolvency.	  	18
	         4.10
	  	Ownership	  	19

  

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	 ARTICLE 5. COVENANTS
	  	19
			
	         5.1
	  	Maintenance of Corporate Existence	  	19
	         5.2
	  	Restrictions on Consolidations and Mergers	  	19
	         5.3
	  	Notice of Sponsor Material Adverse Effect	  	19
	         5.4
	  	Ranking	  	19
	         5.5
	  	Further Assurances	  	19
	         5.6
	  	Financial and Other Information.	  	19
		  	5.6.1. Annual Financials	  	19
		  	5.6.2. Quarterly Financials	  	20
		  	5.6.3. Delivery of Financials.	  	20
		
	 ARTICLE 6. MISCELLANEOUS
	  	20
			
	         6.1
	  	No Waiver; Remedies	  	20
	         6.2
	  	Severability	  	21
	         6.3
	  	Headings	  	21
	         6.4
	  	Assignment	  	21
	         6.5
	  	Amendments, Etc	  	21
	         6.6
	  	Governing Law; Jurisdiction; Waiver of Jury Trial, Etc	  	21
	         6.7
	  	Payments	  	22
	         6.8
	  	Expenses and Indemnification.	  	22
		  	6.8.1. Expenses	  	22
		  	6.8.2. Indemnification	  	22
	         6.9
	  	Notices	  	22
	         6.10
	  	Execution in Counterparts	  	23
	         6.11
	  	Termination	  	23
	         6.12
	  	Survival of Obligations	  	23

  

					
	 Schedule I
	 	-	 	Completion Tests
			
	 Exhibit A
	 	-	 	Form of Collateral Agent Change Notice
			
	 Exhibit B
	 	-	 	Form of Equity Support Letter of Credit

  

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 EQUITY SUPPORT AGREEMENT 
 This EQUITY SUPPORT AGREEMENT, dated as of August 7, 2006 (this “Agreement”), is entered into among U.S. ENERGY SYSTEMS,
INC., a corporation organized under the laws of the State of Delaware (the “Sponsor”), GBGH, LLC, a limited liability company formed under the laws of the State of Delaware (the “Borrower”), and Credit
Suisse, Cayman Islands Branch (“Credit Suisse”), as first lien collateral agent on behalf of the First Lien Secured Parties (in such capacity, together with any successor or permitted assigns, the “First Lien
Collateral Agent”) and as second lien collateral agent on behalf of the Second Lien Secured Parties (in such capacity, together with any successor or permitted assigns, the “Second Lien Collateral Agent”).
Capitalized terms used in this Agreement have the meanings specified in Section 1.1 below. 
 RECITALS 
 A. The Sponsor is the indirect owner of 75% of the issued and outstanding common membership interests of the Borrower. 
 B. The Borrower has entered into (i) a First Lien Credit Agreement, dated as of the date hereof (the “First Lien Credit
Agreement”) with the First Lien Lenders party thereto, Credit Suisse, as First Lien Administrative Agent and as First Lien Collateral Agent, and Credit Suisse Securities (USA) LLC (“Credit Suisse Securities”), as
sole lead arranger and sole bookrunner, which First Lien Credit Agreement provides for advances in a principal amount of up to U.S.$113,500,000 by the First Lien Lenders to the Borrower and (ii) a Second Lien Credit Agreement, dated as of the
date hereof (the “Second Lien Credit Agreement”, and together with the First Lien Credit Agreement, the “Credit Agreements”) with the Second Lien Lenders party thereto, Credit Suisse, as Second Lien
Administrative Agent and Second Lien Collateral Agent, and Credit Suisse Securities, as sole lead arranger and sole bookrunner, which Second Lien Credit Agreement provides for advances in a principal amount of up to U.S.$29,500,000 by the Second
Lien Lenders to the Borrower. 
 C. The Borrower has entered into that certain Collateral and Intercreditor Agreement, dated as of the date
hereof (the “Intercreditor Agreement”), with Credit Suisse, as First Lien Collateral Agent, Second Lien Collateral Agent, First Lien Administrative Agent and Second Lien Administrative Agent, the Guarantors party thereto, the
Pledgors party thereto and Silver Point Finance, LLC, as Third Lien Collateral Agent and Third Lien Administrative Agent. 
 D. The Sponsor,
as an indirect shareholder of the Borrower, will derive substantial benefit from the transactions contemplated by the Credit Agreements. 
 E. It is a condition precedent to (i) the First Lien Secured Parties entering into the First Lien Credit Agreement and (ii) the Second Lien Secured Parties entering into the Second Lien Credit Agreement that the Sponsor and the
Borrower enter into this Agreement. 
  

 AGREEMENT 
 NOW, THEREFORE, in consideration of the premises set forth above and other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged and as an inducement to the Secured Parties to
enter into the Financing Documents with the Loan Parties, the Sponsor and the Borrower hereby consent and agree as follows: 
 ARTICLE 1.

 DEFINITIONS 
 1.1
Defined Terms and Rules of Interpretation. The following terms when used in this Agreement, including its preamble and recitals, shall have the following meanings: 
 “Additional Expansion Cost Contribution” has the meaning specified in Section 2.1.1(a). 
 “Additional Expansion Costs” has the meaning specified in Section 2.1.1(a). 
 “Agreement” has the meaning specified in the preamble to this Agreement. 
 “Appropriate Collateral Agent” means (a) until such time as the First Lien Collateral Agent delivers to the
Sponsor, the Borrower and, to the extent relevant, the issuer of the Equity Support Letter of Credit, a notice in the form of Exhibit A hereto, the First Lien Collateral Agent, and (b) at all times after the delivery of such notice, the Second
Lien Collateral Agent. 
 “Bankruptcy Event” means any event described in Section 6.01(f) of each
Credit Agreement as in effect as of the date hereof. 
 “Base Equity Balance” means, as of any date of
determination, the greater of (a) U.S.$0.00 and (b) the amount by which (i) the Maximum Base Equity Amount exceeds (ii) the sum of (A) the aggregate amount of all Additional Expansion Cost Contributions and Default
Contributions made by or on behalf of the Sponsor prior to such date (including, without limitation, the amount of any drawings under the Equity Support Letter of Credit or amounts transferred from the Sponsor Funding Account and applied in lieu of
such Additional Expansion Cost Contribution or Default Contribution, as applicable) and (B) any amounts transferred to the Expansion Accounts pursuant to priority seventeenth of Section 7.6(a) or priority sixteenth of
Section 7.6(b) of the Intercreditor Agreement for the payment of Expansion Costs prior to such date. For purposes of calculating the Base Equity Balance, any amount transferred to the Sterling Expansion Account pursuant to priority
seventeenth of Section 7.6(a) of the Intercreditor Agreement shall be equal to the Dollar Equivalent of the amount so transferred. 
 “Borrower” has the meaning specified in the preamble to this Agreement. 
 “Credit Suisse” has the meaning specified in the preamble to this Agreement. 
 “Closing Date” means the date of this Agreement. 
 “Credit
Agreements” has the meaning specified in the recitals to this Agreement. 
  

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 “Credit Suisse” has the meaning specified in the preamble to this
Agreement. 
 “Credit Suisse Securities” has the meaning specified in the recitals to this Agreement.

 “Default Contribution” has the meaning specified in Section 2.1.1(b). 
 “Default Rate” means a rate per annum equal at all times to 10% per annum. 
 “Dollar Equivalent” means, as of the date of any transfer of funds from the Sterling Revenue Account to the
Sterling Expansion Account pursuant to priority seventeenth of Section 7.6(a) of the Intercreditor Agreement, the equivalent in Dollars of the amount of the Sterling so transferred determined at the rate quoted by Citibank, N.A. at 10:00
A.M. (London time) on the date of such transfer for the spot purchase in the London foreign exchange market for such amount of Sterling with Dollars. 
 “EDGAR” has the meaning specified in Section 5.6.3. 
 “Equity Support Balance” means, as of any date of determination, the sum of (a) the amount of cash on deposit in, or credited to the Sponsor Funding Account and (b) the amount available to be drawn under
the Equity Support Letter of Credit then in effect and held by the Appropriate Collateral Agent. 
 “Equity Support
Deficiency” means the failure of the Equity Support Balance, at any date of determination occurring prior to the Termination Date, to be equal to or greater than the Required Equity Support Amount. 
 “Equity Support Letter of Credit” means a single unconditional, irrevocable letter of credit substantially in the
form of Exhibit B hereto or otherwise in form and substance reasonably satisfactory to the Appropriate Collateral Agent, in either case issued by an Acceptable LC Issuer to the Appropriate Collateral Agent, and, to the extent the Appropriate
Collateral Agent is the First Lien Collateral Agent, transferable to the Second Lien Collateral Agent and to any successor to either Collateral Agent, with amounts drawn thereunder payable in immediately available funds in Dollars in New York City,
New York. 
 “Expansion Accounts” means the Dollar Expansion Account and the Sterling Expansion
Account. 
 “First Lien Collateral Agent” has the meaning specified in the preamble to this Agreement.

 “First Lien Credit Agreement” has the meaning specified in the recitals to this Agreement.

 “First Lien Prepayment Contribution” means upon the occurrence of any Prepayment Event, an amount
equal to the lesser of (a) (i) in the case of any Undisclosed Information Prepayment Event, the Undisclosed Information Prepayment Amount 
  

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 determined with respect to such Undisclosed Information Prepayment Event and (ii) in the case of any
Warranty Claim Prepayment Event, the Warranty Claim Prepayment Amount determined with respect to such Warranty Claim Prepayment Event and (b) the outstanding principal amount of the First Lien Loans at the time of such Prepayment Event.

 “Hedge Contribution” has the meaning specified in Section 2.1.1(d). 
 “Hedge Date” means the later to occur of (a) the date on which the Borrower has made payment in full of the
Additional Hedge Premium, as certified in writing by the Borrower to the Appropriate Collateral Agent and acknowledged by (i) in the case of an extension of the Initial Interest Rate and Currency Hedge Agreement, CS International or
(ii) in the case of any Replacement Interest Rate and Hedge Agreement, by the Person acting as counterparty thereunder and (b) the date on which the Sponsor has made the Hedge Contribution. 
 “Increase Date” means the date which is the first anniversary of the Closing Date. 
 “Indemnified Party” has the meaning specified in Section 6.8.2. 
 “Intercreditor Agreement” has the meaning specified in the recitals to this Agreement. 
 “Maximum Base Equity Amount” means U.S.$21,000,000. 
 “Maximum Prepayment Equity Amount” means U.S.$4,000,000. 
 “Other Taxes” has the meaning specified in Section 2.2(b). 
 “Phase I Completion” shall occur when the conditions set forth on Schedule I under the heading “Phase I
Completion” shall have been satisfied. 
 “Phase II Completion” shall occur when the conditions
set forth on Schedule I under the heading “Phase II Completion” shall have been satisfied. 
 “Prepayment
Amount” means any Undisclosed Information Prepayment Amount or Warranty Claim Prepayment Amount. 
 “Prepayment Amount Notice” has the meaning specified in Section 2.1.2(c). 
 “Prepayment Contribution” means a First Lien Prepayment Contribution or a Second Lien Prepayment Contribution, as the context may require. 
 “Prepayment Equity Balance” means, as of any date of determination, the greater of (a) U.S.$0.00 and
(B) the amount by which (i) the Maximum Prepayment Equity Amount exceeds (ii) the aggregate amount of all Prepayment Contributions made by or on behalf of the Sponsor prior to such date (including, without limitation, the amount of
any drawings under the Equity Support Letter of Credit or amounts transferred from the Sponsor Funding Account and applied in lieu of such Prepayment Contribution). 
  

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 “Prepayment Event” means any Undisclosed Information Prepayment
Event or Warranty Claim Prepayment Event. 
 “Prepayment Event Notice” has the meaning specified in
Section 2.1.2(c). 
 “Prudent Industry Practices” means those practices, methods, equipment,
specifications and standards of safety and performance, as are commonly used by professional and reputable owners and operators in the power generation and natural gas extraction industries for facilities located in the United Kingdom which are
similar to the Project that, in the exercise of reasonable judgment and in light of the facts known at the time the decision was made, are considered good, safe and prudent practices in connection with the design and construction and operation and
maintenance of equipment, facilities and improvements, with commensurate standards of safety, performance, dependability, efficiency and economy. 
 “Relevant Collateral Agent” means, with respect to the First Lien Secured Parties, the First Lien Collateral Agent and, with respect to the Second Lien Secured Parties, the Second Lien
Collateral Agent. 
 “Required Equity Support Amount” means (a) prior to the Increase Date,
U.S.$21,000,000 less the lesser of (i) U.S.$5,000,000 and (ii) the aggregate amount of Additional Expansion Cost Contributions and Default Contributions made on or prior to such date of determination and (b) on or after the
Increase Date, U.S.$25,000,000 less the lesser of (x) U.S.$5,000,000 and (y) the aggregate amount of Additional Expansion Cost Contributions and Default Contributions made on or prior to such date of determination. 
 “SEC” means the Securities and Exchange Commission, or any Governmental Authority succeeding to any of its
principal functions. 
 “Second Lien Collateral Agent” has the meaning specified in the preamble to
this Agreement. 
 “Second Lien Credit Agreement” has the meaning specified in the recitals to this
Agreement. 
 “Second Lien Prepayment Contributions” means upon the occurrence of any Prepayment
Event, an amount equal to the lesser of (a) an amount equal to (i) in the case of any Undisclosed Information Prepayment Event, the Undisclosed Information Prepayment Amount determined with respect to such Undisclosed Information
Prepayment Event and (ii) in the case of any Warranty Claim Prepayment Event, the Warranty Claim Prepayment Amount determined with respect to such Warranty Claim Prepayment Event less, in each case the First Lien Prepayment Contribution
associated with such Prepayment Event, and (b) the outstanding principal amount of the Second Lien Loans at the time of such Prepayment Event. 
  

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 “Sponsor” has the meaning specified in the preamble to this
Agreement. 
 “Sponsor Material Adverse Effect” means a material adverse effect on (a) the
business, condition (financial or otherwise), operations, performance, properties or prospects of the Sponsor, (b) the rights and remedies, taken as a whole, of either Collateral Agent or the Secured Parties hereunder or (c) the ability of
the Sponsor to perform its obligations under this Agreement. 
 “Taxes” has the meaning specified in
Section 2.2(a). 
 “Termination Date” means the later to occur of (a) August 7, 2009,
(b) Phase II Completion and (c) the Hedge Date. 
 “Undisclosed Information Prepayment
Amount” means, with respect to any Undisclosed Information Prepayment Event, an amount determined in accordance with the procedure set forth in Section 2.1.2(c) equal to the damage to the Borrower as a result of the circumstance
that triggered such Undisclosed Information Prepayment Event (after taking into account all rights the Borrower has to compensation with respect to such damage). 
 “Undisclosed Information Prepayment Event” shall occur if, at any time prior to the earlier of
(a) August 7, 2009 and (b) the date on which the Borrower has voluntarily prepaid the First Lien Loans in an aggregate amount equal to or greater than U.S.$4,000,000 from amounts provided by the Sponsor, any information becomes known
to any Loan Party or any Secured Party which (i) is related to the Project, (ii) has not been previously disclosed to the Secured Parties, (iii) is adverse to the Project or the Borrower and (iv) is reasonably likely to have a
material adverse effect on the business, operations or financial condition of the Borrower, or on its ability to comply with its Obligations under the Financing Documents. 
 “Warranty Claim Prepayment Amount” means, with respect to any Warranty Claim Prepayment Event, an amount
determined in accordance with the procedure set forth in Section 2.1.2(c) equal to the amount of any claim in excess of the applicable “cap” or limitation on liability or that is time-barred, as the case may be, under the TCW Purchase
and Sale Agreement. 
 “Warranty Claim Prepayment Event” shall occur if, at any time prior to the
earlier of (a) August 7, 2009 and (b) the date on which the Borrower has voluntarily prepaid the First Lien Loans in an aggregate amount equal to or greater than U.S.$4,000,000 from amounts provided by the Sponsor, (i) the
Borrower shall be entitled to make any claim against any counterparty under any Purchase and Sale Agreement (other than the Scottish Power Purchase and Sale Agreement) for breach of any warranty by such counterparty under such Purchase and Sale
Agreement (or, but for the passage of time and the expiration of any warranty period thereunder, would be so entitled), (ii) the amount of damages or losses of such claim exceeds any applicable “cap” or limitation on liability or is
time-barred under such Purchase and Sale Agreement and (iii) the circumstance giving rise to such claim is reasonably likely to have a material adverse effect on the business, operations or financial condition of the Borrower, or on its ability
to comply with its obligations under the Financing Documents. 
  

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 1.2 Intercreditor Agreement Definitions. Unless otherwise defined herein or unless the context
otherwise requires, terms used in this Agreement, including its preamble and recitals, have the meanings provided in the Intercreditor Agreement. 
 1.3 Rules of Interpretation. Unless otherwise provided herein, the rules of interpretation set forth in the Intercreditor Agreement shall apply to this Agreement, including its preamble and recitals. 
 ARTICLE 2. 
 OBLIGATIONS OF SPONSOR

 2.1 Sponsor Funding Obligations. 
 2.1.1. Obligation to Provide Sponsor Funding. The Sponsor hereby agrees, for the benefit of the Borrower and the Collateral Agents (on behalf of the Secured Parties) as follows: 
 (a) from time to time on any day occurring prior to the occurrence of Phase II Completion, to the extent that there are insufficient funds in the
Expansion Accounts with which to pay any Expansion Costs necessary to achieve Phase I Completion or Phase II Completion on or prior to (i) in the case of Phase I Completion, February 7, 2007 and (ii) in the case of Phase II
Completion, August 7, 2009 in accordance with Sections 7.9 and 7.10 of the Intercreditor Agreement (any such shortfall being “Additional Expansion Costs”), the Sponsor shall provide funds to the Borrower in an amount
equal to such Additional Expansion Costs (any such Sponsor funding, an “Additional Expansion Cost Contribution”); provided that the Sponsor shall not be required to make any Additional Expansion Cost Contributions to
the extent that the Base Equity Balance equals zero; 
 (b) upon the occurrence and during the continuance of any Event of Default,
within three (3) Business Days of demand therefor from the Appropriate Collateral Agent, the Sponsor shall pay the Appropriate Collateral Agent an amount equal to the Base Equity Balance at such time (any such Sponsor funding, a
“Default Contribution”); 
 (c) upon the occurrence of a Prepayment Event, within ten (10) Business Days of
receipt by the Borrower and the Sponsor of a Prepayment Amount Notice, the Sponsor shall pay (i) to the First Lien Collateral Agent, an amount equal to the First Lien Prepayment Contribution (if any) corresponding to such Prepayment Event and
(ii) to the Second Lien Collateral Agent, an amount equal to the Second Lien Prepayment Contribution (if any) corresponding to such Prepayment Event; provided that the Sponsor shall not be required to make any Prepayment Contribution
pursuant to this Section 2.1.1(c) to the extent that the Prepayment Equity Balance equals zero; and 
 (d) on or prior to the Hedge
Date, the Sponsor shall provide funds to the Borrower in an amount equal to the Additional Hedge Premium (any such Sponsor funding, a “Hedge Contribution”). 
  

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 2.1.2. Sponsor Obligation Regarding Major Maintenance Account. On or prior to September 7,
2007, the Sponsor shall provide funds to the Appropriate Collateral Agent in an amount equal to the £2,659,576 to be deposited into, or credited to, in immediately available funds, the Major Maintenance Account for further application in
accordance with the terms of the Intercreditor Agreement and the other Financing Documents. 
 2.1.3. Application of Sponsor Funding;
Prepayment Determinations. (a) The Sponsor agrees that it shall cause the proceeds of any Additional Expansion Cost Contributions to be deposited into, or credited to, in immediately available funds, the Dollar Expansion Account for further
application in accordance with the terms of the Intercreditor Agreement and the other Financing Documents. 
 (b) The Appropriate
Collateral Agent is hereby instructed to, and shall promptly upon receipt, apply the proceeds of any Default Contribution in accordance with Section 4.1 of the Intercreditor Agreement. 
 (c) Upon the occurrence of any Prepayment Event, the Borrower shall promptly notify the Appropriate Collateral Agent in writing of the occurrence
thereof (a “Prepayment Event Notice”). Upon receipt of any Prepayment Event Notice, the Appropriate Collateral Agent shall, in good faith, determine the Prepayment Amount corresponding to such Prepayment Event and shall
notify the Sponsor and the Borrower of such Prepayment Amount (a “Prepayment Amount Notice”). Upon receipt of any Prepayment Contributions, the Appropriate Collateral Agent is hereby instructed to, and shall promptly transfer
(i) to the extent such Prepayment Contribution is a First Lien Prepayment Contribution, the amount of such First Lien Prepayment Contribution to the First Lien Administrative Agent to be applied as a prepayment of the First Lien Loans in
accordance with Section 2.06(b)(v) of the First Lien Credit Agreement and (ii) to the extent such Prepayment Contribution is a Second Lien Prepayment Contribution, the amount of such Second Lien Prepayment Contribution to the Second Lien
Administrative Agent to be applied as a prepayment of the Second Lien Loans in accordance with Section 2.06(b)(iv) of the Second Lien Credit Agreement. 
 (d) The Sponsor agrees that it shall cause the proceeds of any Hedge Contribution to be deposited into, or credited to, in immediately available funds, the Dollar Revenue Account for further application in
accordance with the terms of the Intercreditor Agreement. 
 2.1.4. Equity Support. (a) On or prior to the Closing Date, the
Sponsor shall cause the Equity Support Balance to be equal to the Required Equity Support Amount either by (A) delivering to the First Lien Collateral Agent an Equity Support Letter of Credit in a stated face amount equal to the Required Equity
Support Amount or (B) causing funds to be deposited into, or credited to the Sponsor Funding Account in an aggregate amount equal to the Required Equity Support Amount. 
 (b) In the event that the Equity Support Letter of Credit has not been extended or replaced with another Equity Support Letter of Credit at least
thirty (30) days prior to its stated expiration or termination date, the Appropriate Collateral Agent is hereby instructed to, and shall, make a drawing on such Equity Support Letter of Credit in the full amount thereof on 
  

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 the date of such drawing and cause such funds to be deposited into, or credited to, the Sponsor Funding Account for
further application in accordance with Section 7.14 of the Intercreditor Agreement. 
 (c) If at any time the Sponsor fails to
fulfill its obligations to provide Sponsor funding under Section 2.1.1, the Appropriate Collateral Trustee is hereby instructed to, and shall, make a drawing under the Equity Support Letter of Credit in an amount equal to the amount of Sponsor
funding owed by the Sponsor pursuant to Section 2.1.1 and cause such funds: (i) in the case of any drawing resulting from the Sponsor’s failure to make an Additional Expansion Cost Contributions, to be deposited into, or credited to
the Dollar Expansion Account for further application in accordance with the terms of the Intercreditor Agreement and the other Financing Documents; (ii) in the case of any drawing resulting from the Sponsor’s failure to make a Default
Contribution to be applied in accordance with Section 2.1.2(b); (iii) in the case of any drawing resulting from the Sponsor’s failure to make a Prepayment Contribution, to be applied in accordance with Section 2.1.2(c); and
(iv) in the case of any drawing resulting from the Sponsor’s failure to make a Hedge Contribution, to be deposited into, or credited to the Dollar Revenue Account for further application in accordance with the terms of the Intercreditor
Agreement. 
 (d) If at any time any bank or financial institution having issued the Equity Support Letter of Credit ceases to be an
Acceptable LC Issuer, the Sponsor shall promptly, (but in any event within five (5) Business Days of obtaining knowledge of such fact), notify the Collateral Agents of such fact and deliver to the Appropriate Collateral Agent a replacement
Equity Support Letter of Credit (identified therein as such) issued by an Acceptable LC Issuer no later than thirty (30) Business Days after obtaining knowledge of such fact. In the event that the Sponsor fails to deliver to the Appropriate
Collateral Agent a replacement Equity Support Letter of Credit prior to the end of such 30-day period, the Appropriate Collateral Agent is instructed to, and shall, make a drawing under the existing Equity Support Letter of Credit in the full amount
hereof as of the date of such drawing and cause such funds to be deposited into, or credited to, the Sponsor Funding Account for further application in accordance with Section 7.14 of the Intercreditor Agreement. 
 (e) In the event that at any time prior to the Termination Date, there shall exist an Equity Support Deficiency, the Sponsor, shall within sixty
(60) days of the occurrence of such Equity Support Deficiency, (i) deliver to the Appropriate Collateral Agent a replacement Equity Support Letter of Credit or (ii) cause to be deposited into, or credited to, the Sponsor Funding
Account immediately available funds, such that after giving effect thereto, no Equity Support Deficiency shall exist. Notwithstanding the foregoing, no later than the Increase Date, the Sponsor shall ensure that the Equity Support Balance shall be
equal to the amount set forth in clause (b) of the definition of “Required Equity Support Amount”. 
 (f) The Equity
Support Letter of Credit shall be obtained and maintained by the Sponsor and shall be the sole obligation of the Sponsor and the issuer thereof shall have no recourse to the Borrower, the Guarantors or any of their respective properties or assets
with respect thereto (whether for reimbursement of amounts drawn, fees, expenses, indemnification or otherwise). 
  

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 (g) Any payment made with the proceeds of any drawing under the Equity Support Letter of Credit
pursuant to Section 2.1.3(b) or with funds on deposit in the Sponsor Funding Account pursuant to Section 7.14(b) of the Intercreditor Agreement shall automatically and without further action be deemed to satisfy the obligation of the
Sponsor make the corresponding payment under Section 2.1.1. 
 2.2 Payments Free and Clear of Taxes, Etc. (a) Any and all
payments made by the Sponsor under this Agreement shall be made, free and clear of and without deduction for any and all present or future taxes, levies, imposts, deductions, charges or withholdings, and all liabilities with respect thereto imposed
by the United States of America or any political subdivisions thereof or therein or any other jurisdiction, excluding, in the case of any Person, taxes imposed on its overall net income, branch profit taxes and franchise taxes imposed on it in lieu
of net income taxes, by the jurisdiction under the laws of which such Person is organized or any political subdivision thereof, and, in the case of any Person taxes imposed on its overall net income, branch profits taxes and franchise taxes imposed
on it in lieu of net income taxes, by the jurisdiction in which such Person is organized, or any political subdivision thereof or therein (all such non excluded taxes, levies, imposts, deductions, charges, withholdings and liabilities in respect of
payments hereunder or under the Notes being hereinafter referred to as “Taxes”). If the Sponsor shall be required by law to deduct any Taxes from or in respect of any sum payable under or in respect of this Agreement to the
Borrower or any Secured Party, (i) the sum payable by the Sponsor shall be increased as may be necessary so that after the Sponsor, the Borrower and the Appropriate Collateral Agent have made all deductions on account of Taxes required by law
(including deductions applicable to additional sums payable under this Section 2.2), the Borrower and such Secured Party receives an amount equal to the sum it would have received had no such deductions been made, (ii) the Sponsor shall
make all deductions required by law and (iii) the Sponsor shall pay the full amount deducted to the relevant taxation authority or other authority in accordance with applicable law. 
 (b) In addition, the Sponsor agrees to pay any present or future stamp or documentary taxes or any other excise or property taxes, charges, or
similar levies that arise from any payment made by or on behalf the Sponsor under or in respect of this Agreement or from the execution, delivery or registration of, performance under, or otherwise with respect to, this Agreement (hereinafter
referred to as “Other Taxes”). 
 (c) Without duplication of the Sponsor’s obligation to pay increased
amounts on account of Taxes or Other Taxes pursuant to Sections 2.2(a) and (b), respectively, the Sponsor will indemnify each Secured Party for and hold it harmless against the full amount of Taxes and Other Taxes, and for the full amount of Taxes
or Other Taxes imposed on amounts payable under this Section 2.2, imposed on or paid by such Secured Party and any liability (including penalties, additions to tax, interest and expenses) arising therefrom or with respect thereto. Such Secured
Party shall promptly give written notice to the Sponsor as soon as such Secured Party has notice of the imposition of any Tax or Other Tax. Payment under this indemnification shall be made within 30 days from the date such Secured Party makes
written demand therefor. 
 (d) Within 30 days after the date of any payment made pursuant to Section 2.2(a)(iii) by or on behalf
of the Sponsor, the Sponsor shall furnish to the Appropriate Collateral Agent, at its address referred to in Section 6.9, the original or a certified copy of a receipt 
  

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 evidencing such payment. In the case of any payment hereunder by or on behalf of the Sponsor through an account or branch
outside the United States or by or on behalf of the Sponsor by a payor that is not a United States person, if the Sponsor determines that no Taxes are payable in respect thereof, the Sponsor shall furnish, or shall cause such payor to furnish, to
the Appropriate Collateral Agent, at such address, an opinion of counsel reasonably acceptable to the Appropriate Collateral Agent stating that such payment is exempt from Taxes. For purposes of subsections (d) and (e) of this
Section 2.2, the terms “United States” and “United States person” shall have the meanings specified in Section 7701 of the Internal Revenue Code. 
 (e) Notwithstanding any provision to the contrary in this Agreement, on or prior to the date a Person becomes a Secured Party, such Person (by its
acceptance of the benefits of this Agreement) agrees, to the extent that such Person is at such time legally entitled to do so, and from time to time thereafter upon the reasonable request in writing by the Sponsor (but only so long thereafter as
such Secured Party remains lawfully able to do so), to provide each of the Relevant Collateral Agent and the Sponsor with two properly completed and duly executed originals of each of the following Internal Revenue Service forms, as applicable:
(i) Form W-8ECI (in the case of a non-U.S. Person claiming exemption from withholding because the income is effectively connected with a U.S. trade or business), (ii) Form W-8BEN (in the case of a non-U.S. Person claiming exemption from,
or reduction of, withholding tax under an income tax treaty or under the portfolio interest exemption), (iii) with respect to any interest in this Agreement in which a participation has been sold, a Form W-8IMY along with accompanying Form
W-8BEN (claiming exemption from withholding under the portfolio interest exemption), (iv) any other applicable form, certificate or document necessary to establish such non-U.S. Person’s entitlement to exemption from United States
withholding tax or reduced rate with respect to all payments to be made to such non-U.S. Person under this Agreement, or (v) in the case of any other Person, Form W-9 (claiming exemption from backup withholding tax), or any successor forms.
Each Secured Party (by its acceptance of the benefits of this Agreement) agrees that from time to time after the date of this Agreement, when a lapse in time or change in circumstances renders the previous certification obsolete or inaccurate in any
material respect, such Secured Party will, to the extent that such Secured Party is at such time legally entitled to do so, deliver to the Sponsor and the Relevant Collateral Agent two new accurate and complete original signed copies of the
applicable certification form. Notwithstanding anything to the contrary in this Section 2.2, (i) a Secured Party shall only be entitled to payment on account of or indemnification for Taxes imposed by the United States of America
(including any political subdivision thereof or therein) if there is a change of applicable treaty, law or regulation after the date of this Agreement and in the event of such change of applicable treaty, law or regulation, the Sponsor will be
liable for payment on account of or indemnification for an amount equal to the increase in Taxes that results from such subsequent change of treaty, law or regulation, and (ii) a Secured Party shall not be entitled to a payment on account of or
indemnification under Section 2.2(a) or (c) with respect to Taxes for any period with respect to which a Secured Party has failed to provide the Sponsor with the appropriate form, certificate or other document described in this
Section 2.2(e) (other than if such failure is due to a change in law, or in the interpretation or application thereof, occurring subsequent to the date on which a form, certificate or other document originally was required to be
provided, or if such form, certificate or other document otherwise is not required under subsection (e) above); provided, however, that should a Secured Party become subject to Taxes because of its failure to deliver a form, certificate
or other document required hereunder, the Sponsor shall take such steps as the Secured Party shall reasonably request to assist the Secured Party to recover such Taxes. 
  

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 (f) Notwithstanding any provision to the contrary in this Agreement, the Sponsor will not be
obligated to make payments on account of or indemnify any Secured Party for any present or future taxes, levies, imposts, deductions, charges or withholdings, and all liabilities with respect thereto, or any present or future stamp or other
documentary taxes or property taxes, charges or similar levies that are neither Taxes nor Other Taxes. 
 (g) Notwithstanding any
provision to the contrary in this Agreement, in the event that a Secured Party that is not an initial Secured Party and who purchased its interest in Secured Obligation without the consent of the Borrower to the extent required under the relevant
Financing Document seeks (i) payment of additional amounts pursuant to Section 2.2(a) hereunder, (ii) payment of Other Taxes pursuant to Section 2.2(b) hereunder, or (iii) indemnification for Taxes or Other Taxes pursuant to
Section 2.2(c) hereunder, the amount of any such payment or indemnification will be no greater than what it would have been had the initial Secured Party not transferred, assigned or sold its interest in the Secured Obligation. 
 2.3 Late Payment In the event that any payment or contribution due from the Sponsor hereunder to the Borrower or the Appropriate Collateral Agent
is not made on the date such payment or contribution becomes due hereunder, the amount of such delinquent payment or contribution shall bear interest at the Default Rate (computed on the basis of a 365 or 366 day year, as the case may be, and the
actual days elapsed) until such time as payment or contribution is made. 
 2.4 Waiver of Defenses; Obligations Unconditional.

 2.4.1. Waiver of Defenses The Sponsor hereby waives and relinquishes all rights and remedies accorded by applicable law to sureties
or guarantors and agrees not to assert or take advantage of any such rights or remedies, including (a) any right to require either Collateral Agent or the other Secured Parties to proceed against any Loan Party or any other Person or to proceed
against or exhaust any security held by either Collateral Agent or the other Secured Parties at any time or to pursue any other remedy in such Collateral Agent’s or any other Secured Party’s power before proceeding against the Sponsor,
(b) any defense that may arise by reason of the incapacity, lack of power or authority, death, dissolution, merger, termination or disability of any Loan Party or any other Person or the failure of either Collateral Agent or any other Secured
Party to file or enforce a claim against the estate (in administration, bankruptcy or any other proceeding) of any Loan Party or any other Person, (c) demand, presentment, protest and notice of any kind, including notice of the existence,
creation or incurring of any new or additional indebtedness or obligation or of any action or non-action on the part of any Loan Party, Collateral Agent, the other Secured Parties, any endorser or creditor of the foregoing or on the part of any
other Person under this or any other instrument in connection with any obligation or evidence of indebtedness held by either Collateral Agent or the other Secured Parties as collateral or in connection with any Obligations, (d) any defense
based upon an election of remedies by either Collateral Agent or the other Secured Parties, including an election to proceed by non-judicial rather than judicial foreclosure, which destroys or otherwise impairs the subrogation rights of the Sponsor,
the right of the Sponsor to proceed against a Loan Party or 
  

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 another Person for reimbursement, or both, (e) any defense based on any offset against any amounts which may be owed
by any Person to the Sponsor for any reason whatsoever, (f) any defense based on any act, failure to act, delay or omission whatsoever on the part of a Loan Party of the failure by a Loan Party to do any act or thing or to observe or perform
any covenant, condition or agreement to be observed or performed by it under the Financing Documents, (g) any defense based upon any statute or rule of law which provides that the obligation of a surety must be neither larger in amount nor in
other respects more burdensome than that of the principal, (h) any defense, setoff or counterclaim which may at any time be available to or asserted by a Loan Party against either Collateral Agent, the other Secured Parties or any other Person
under the Financing Documents, (i) any duty on the part of either Collateral Agent or any other Secured Party to disclose to the Sponsor any facts such Collateral Agent or such other Secured Party may now or hereafter know about any Loan Party,
regardless of whether such Collateral Agent or such other Secured Party has reason to believe that any such facts materially increase the risk beyond that which the Sponsor intends to assume, or have reason to believe that such facts are unknown to
the Sponsor, or have a reasonable opportunity to communicate such facts to the Sponsor, since the Sponsor acknowledges that the Sponsor is fully responsible for being and keeping informed of the financial condition of the Loan Parties and of all
circumstances bearing on the risk of non-payment of any obligations and liabilities hereby guaranteed, (j) the fact that any Loan Party may at any time in the future dispose of all or part of its direct or indirect interest in any other Loan
Party, (k) any defense based on any change in the time, manner or place of any payment under, or in any other term of, the Financing Documents or any other amendment, renewal, extension, acceleration, compromise or waiver of or any consent or
departure from the terms of the Financing Documents, (l) any defense arising because of either Collateral Agent’s or any other Secured Party’s election, in any proceeding instituted under the Bankruptcy Code, of the application of
Section 1111(b)(2) of the Bankruptcy Code, and (m) any defense based upon any borrowing or grant of a security interest under Section 364 of the Bankruptcy Code. 
 2.4.2. Obligations Unconditional. All obligations of the Sponsor and the Borrower hereunder shall be irrevocable, absolute and unconditional
irrespective of, and each of the Sponsor and the Borrower hereby irrevocably waives any defenses it may now or hereafter acquire in any way relating to, any or all of the following: 
 (a) any lack of validity or enforceability of this Agreement or any Financing Document or any agreement or instrument relating thereto; 

(b) the failure of any Secured Party: 
 (i) to assert any claim or demand or to enforce any right or remedy against the Borrower, the Sponsor, any other Loan Party or any other Person (including any guarantor) under the provisions of the Financing Documents
or otherwise, or 
 (ii) to exercise any right or remedy against any other guarantor of, or collateral securing, any of the
Secured Obligations; 
 (c) any change in the time, manner or place of payment of, or in any other term of, all of the Secured
Obligations, or any other extension or renewal of any Obligation of the 
  

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 Borrower, the Sponsor or any other Loan Party under or in respect of the Financing Documents, or any other amendment or
waiver of or any consent to departure from any Financing Document, including, without limitation, any increase in any Obligation resulting from the extension of additional credit to any Loan Party or any of its Subsidiaries or otherwise; 

(d) any reduction, limitation, impairment or termination of any of the Secured Obligations for any reason other than the written agreement of the
Secured Parties to terminate the Secured Obligations in full, including any claim of waiver, release, surrender, alteration or compromise, and shall not be subject to, and the Sponsor hereby waives any right to or claim of, any defense or setoff,
counterclaim, recoupment, or termination whatsoever by reason of the invalidity, illegality, nongenuineness, irregularity, compromise, unenforceability of, or any other event or occurrence affecting, any Obligation of the Borrower, any other Loan
Party or otherwise; 
 (e) any amendment to, rescission, waiver, or other modification of, or any consent to departure from, any of the
terms of the Financing Documents; 
 (f) any manner of application of the Collateral or any other collateral, or proceeds thereof, to
all or any of the Secured Obligations, or any manner of sale or other disposition of any Collateral or any other collateral for all or any of the Obligations of any Loan Party under the Financing Documents or any other assets of any Loan Party or
any of its Subsidiaries; 
 (g) any change, restructuring or termination of the corporate structure or existence of any Loan Party or
any of its Subsidiaries; 
 (h) any failure of any Secured Party to disclose to any Loan Party any information relating to the business,
condition (financial or otherwise), operations, performance, properties or prospects of any other Loan Party now or hereafter known to such Secured Party (each of the Sponsor and the Borrower waiving any duty on the part of any Secured Party to
disclose such information); 
 (i) any taking, exchange, release or non-perfection of any Collateral or any other collateral, or any
taking, release or amendment or waiver of, or consent to departure from, any other security interest held by any Secured Party securing any of the Secured Obligations; or 
 (j) any other circumstance (including, without limitation, any statute of limitations) or any existence of or reliance on any representation by any Secured Party that might otherwise constitute a defense
available to, or a discharge of, the Borrower, any other Loan Party, the Sponsor, any surety or any guarantor. 
 2.5 Subrogation The
Sponsor hereby unconditionally and irrevocably agrees not to exercise any rights that it may now have or hereafter acquire against the Borrower, any other Loan Party or any other insider guarantor that arise from the existence, payment, performance
or enforcement of the Sponsor’s Obligations under or in respect of this Agreement, including, without limitation, any right of subrogation, reimbursement, exoneration, contribution or indemnification and any right to participate in any claim or
remedy of any Secured Party against the Borrower, any other Loan Party or any other insider guarantor or any Collateral, whether or 
  

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 not such claim, remedy or right arises in equity or under contract, statute or common law, including, without limitation,
the right to take or receive from the Borrower, any other Loan Party or any other insider guarantor, directly or indirectly, in cash or other property or by set-off or in any other manner, payment or security on account of such claim, remedy or
right, unless and until all of the Secured Obligations and all other amounts payable under this Agreement shall have been paid in full in cash and the Commitments (as defined in the applicable Credit Agreement) shall have expired or been terminated.
If any amount shall be paid to the Sponsor in violation of the immediately preceding sentence at any time prior to the latest of (a) the payment in full in cash of the Secured Obligations and all other amounts payable under this Agreement, and
(b) February 7, 2014, and (c) the latest date of expiration or termination of the Commitments (as defined in the applicable Credit Agreement), such amount shall be received and held in trust for the benefit of the Secured Parties,
shall be segregated from other property and funds of the Sponsor and shall forthwith be paid or delivered to the Appropriate Collateral Agent in the same form as so received (with any necessary endorsement or assignment) to be credited and applied
to the Secured Obligations and all other amounts payable under this Agreement, whether matured or unmatured, in accordance with the terms of the Financing Documents, or to be held as Collateral for any Secured Obligations or other amounts payable
under this Agreement thereafter arising. 
 ARTICLE 3. 
 SPECIFIC PROVISIONS 
 3.1 Reinstatement. This Agreement and the obligations of the Sponsor
hereunder shall continue to be effective or be reinstated, as the case may be, if at any time any payment made pursuant to this Agreement is rescinded or must otherwise be returned by the Borrower or any Secured Party, whether as a result of any
proceedings in bankruptcy or reorganization or otherwise with respect to the Borrower or any other Person or as a result of any settlement or compromise with any Person (including the Sponsor) in respect of such payment, and the Sponsor shall pay
the Collateral Agents on demand all of its reasonable costs and expenses (including reasonable fees of counsel) incurred by the Collateral Agents in connection with such rescission or restoration. 
 3.2 Specific Performance. The Sponsor hereby irrevocably waives, to the extent it may do so under applicable law, any defense based on the
adequacy of a remedy at law that may be asserted as a bar to the remedy of specific performance in any action brought against the Sponsor for specific performance of this Agreement by the Borrower or any successor or assign thereof (including either
Collateral Agent) or for their benefit by a receiver, custodian or trustee appointed for the Borrower or in respect of all or a substantial part of its assets, under the bankruptcy or insolvency laws of any jurisdiction to which the Borrower or its
assets are subject. 
 3.3 Bankruptcy Code Waiver. The Sponsor hereby irrevocably waives, to the extent it may do so under applicable
law, any protection to which it may be entitled under Sections 365(c)(1), 365(c)(2) and 365(e)(2) of the Bankruptcy Code or equivalent provisions of any other Bankruptcy Law in the event of a Bankruptcy Event. Specifically, in the event that the
trustee (or similar official) in a Bankruptcy Event or the debtor-in-possession takes any action (including the institution of any action, suit or other proceeding for the purpose of enforcing the 
  

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 rights of the Borrower under this Agreement), the Sponsor shall not assert any defense, claim or counterclaim denying
liability hereunder on the basis that this Agreement is an executory contract or a “financial accommodation” that cannot be assumed, assigned or enforced or on any other theory directly or indirectly based on Section 365(c)(1),
365(c)(2) or 365(e)(2) of the Bankruptcy Code, or equivalent provisions of the laws or regulations of any other jurisdiction with respect to any proceedings or any successor provision of law of similar import. If a Bankruptcy Event shall occur, the
Sponsor agrees, after the occurrence of the Bankruptcy Event, to reconfirm in writing, to the extent permitted by applicable law, its pre-petition waiver of any protection to which it may be entitled under Sections 365(c)(1), 365(c)(2) and 365(e)(2)
of the Bankruptcy Code or equivalent provisions of the laws or regulations of any other jurisdiction with respect to proceedings and, to give effect to such waiver, the Sponsor consents to the assumption and enforcement of each provision of this
Agreement by the debtor-in-possession or the Borrower’s trustee in bankruptcy, as the case may be. 
 3.4 No Commencement of
Bankruptcy Proceedings. So long as the Financing Documents remain in effect, the Sponsor shall not, without the prior written consent of Appropriate Collateral Agent, commence, or join with any other Person in commencing, any bankruptcy,
reorganization, or insolvency proceeding against any Loan Party. The obligations of the Sponsor under this Agreement shall not be altered, limited or affected by any proceeding, voluntary or involuntary, involving the bankruptcy, reorganization,
insolvency, receivership, liquidation or arrangement of any Loan Party, or by any defense which any Loan Party may have by reason of any order, decree or decision of any court or administrative body resulting from any such proceeding. 
 3.5 Grant of Security Interest; Actions by Appropriate Collateral Agent. The Sponsor hereby consents to the assignment by the Borrower of all of
its right, title and interest in, to and under this Agreement to Collateral Agents, for the benefit of the Secured Parties, pursuant to the Collateral Documents by Borrower in favor of Collateral Agents. The Sponsor agrees that the Appropriate
Collateral Agent and any assignee thereof shall be entitled to enforce this Agreement in its own name and to exercise any and all rights of the Borrower under this Agreement in accordance with the terms hereof (either in its own name or in the name
of the Borrower, as the Appropriate Collateral Agent may elect), and the Sponsor and the Borrower agree to comply and cooperate in all respects with such exercise. Without limiting the generality of the foregoing, the Appropriate Collateral Agent
and any assignee thereof shall have the full right and power to enforce directly against the Sponsor all obligations of the Sponsor under this Agreement, and otherwise to exercise all remedies available to the Borrower hereunder and to make all
demands and give all notices and make all requests (either in its own name or in the name of the Borrower, as the Appropriate Collateral Agent may elect) required or permitted to be made or given by the Borrower under this Agreement, including the
right to make demand for payment of Sponsor funding pursuant to Article 2, to make a drawing under the Equity Support Letter of Credit or to require the application of funds on deposit in, or credited to, the Sponsor Funding Account in accordance
with Section 7.14 of the Intercreditor Agreement, and the Sponsor acknowledges and agrees that any such action taken by the Appropriate Collateral Agent shall be deemed effective for all purposes of this Agreement and the Intercreditor
Agreement to the same extent as if such action had been taken directly by the Borrower. If the Sponsor shall receive inconsistent directions from the Borrower and the Appropriate Collateral Agent, the directions of Appropriate Collateral Agent shall
be deemed the effective directions, and the Sponsor shall accordingly comply with such directions of the Appropriate Collateral Agent. 
  

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 3.6 Set-Off. In addition to any rights now or hereafter granted under applicable law or otherwise,
and not by way of limitation of any such rights, upon (a) the failure of the Sponsor to make any Sponsor funding as required hereunder, and (b) the failure of the issuer of the Equity Support Letter of Credit to make any payment in
accordance with its terms, the Appropriate Collateral Agent and each Secured Party is hereby authorized at any time or from time to time, without presentment, demand, protest or other notice of any kind to the Sponsor or to any other Person, any
such notice being hereby expressly waived, to set-off and to appropriate and apply any and all deposits (general or special) and any other indebtedness at any time held or owing by any Secured Party (including by branches and agencies of each of the
Secured Parties wherever located) to or for the credit or the account of the Sponsor, against and on account of the obligations of the Sponsor under this Agreement, irrespective of whether or not the Appropriate Collateral Agent shall have made any
demand hereunder and although said obligations, or any of them, shall be contingent or unmatured. 
 ARTICLE 4. 
 REPRESENTATIONS AND WARRANTIES 
 The
Sponsor hereby represents and warrants to and in favor of the Borrower, the Collateral Agents and the other Secured Parties that, as of Closing Date: 
 4.1 Corporate Existence and Business. The Sponsor (a) is a corporation duly organized, validly existing and in good standing under the laws of the State of Delaware (b) is duly qualified and in good
standing as a foreign corporation in each other jurisdiction in which it owns or leases property or in which the conduct of its business requires it to so qualify or be licensed, except where the failure to be so qualified and in good standing would
not reasonably be expected to have a Sponsor Material Adverse Effect and (c) has all requisite corporate power and authority (including, without limitation, all governmental and third-party authorizations) to own or lease and operate its
properties and to carry on its business as now conducted and as proposed to be conducted. 
 4.2 Authorization; No Contravention. The
execution, delivery and performance by the Sponsor of this Agreement, and the consummation of the transactions contemplated hereby, are within the Sponsor’s corporate, powers, have been duly authorized by all necessary corporate action, and do
not (a) contravene the Sponsor’s charter, bylaws or other constituent documents, (b) violate any law, rule, regulation (including, without limitation, Regulation X of the Board of Governors of the Federal Reserve System), order, writ,
judgment, injunction, decree, determination or award, (c) conflict with or result in the breach of, or constitute a default or require any payment to be made under, any contract, loan agreement, indenture, mortgage, deed of trust, lease or
other instrument binding on or affecting the Sponsor or any of its properties or (d) result in or require the creation or imposition of any Lien upon or with respect to any of the properties of the Sponsor. 
  

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 4.3 Binding Agreement. This Agreement has been duly executed and delivered by the Sponsor and is
the legal, valid and binding obligation of the Sponsor, enforceable against the Sponsor in accordance with its terms. 
 4.4 Consents and
Approvals. No consent or authorization of, filing with, or other act by or in respect of any other Person or any Governmental Authority or agency is required in connection with the execution, delivery or performance by the Sponsor, or the
validity or enforceability as to the Sponsor, of this Agreement. 
 4.5 Litigation. There is no action, suit, investigation,
litigation or proceeding involving the Sponsor pending or, to the Sponsor’s knowledge, threatened before any Governmental Authority or arbitrator that (a) could reasonably be expected to have a Sponsor Material Adverse Effect or
(b) purports to affect the legality, validity or enforceability of this Agreement or the other Financing Documents or the consummation of the transactions contemplated hereby or thereby. 
 4.6 Taxes. The Sponsor has filed all United States federal tax returns, and all other material tax returns, required to be filed and have paid all
material taxes due pursuant to such returns or pursuant to any assessment received by the Sponsor, except such taxes, if any, as are being contested in good faith and for which adequate reserves have been provided. No notices of tax liens have been
filed and no claims are being asserted concerning any such taxes, which liens or claims are material to the financial condition of the Sponsor. The charges, accruals and reserves on the books of the Sponsor for any material taxes or other material
governmental charges are adequate. 
 4.7 Financing Documents. The Sponsor has reviewed and is familiar with the terms of the
Financing Documents. 
 4.8 Regulatory Matters. The Sponsor is not an “investment company,” or an “affiliated
person” of, or “promoter” or “principal underwriter” for, an “investment company,” as such terms are defined in the Investment Company Act of 1940, as amended. The consummation of the transactions contemplated by
this Agreement will not violate any provision of any such Act or any rule, regulation or order of the Securities and Exchange Commission thereunder. 
 4.9 Insolvency. After giving effect to the transactions contemplated by this Agreement and the contingent obligations evidenced hereby, the Sponsor is not, on either an unconsolidated basis or a consolidated
basis, insolvent as such term is used or defined in any applicable Bankruptcy Law, and the Sponsor has and will have assets which, fairly valued, exceeds its indebtedness, liabilities or obligations. 
 (b) The Sponsor is not executing this Agreement with any intention to hinder, delay or defraud any present or future creditor or creditors of the
Sponsor. 
 (c) The Sponsor is not engaged in any business or transaction which, after giving effect to the transactions contemplated by
this Agreement, will leave the Sponsor with unreasonably small capital or assets which are unreasonably small in relation to the business or transactions engaged by the Sponsor, and the Sponsor does not intend to engage in any such business or
transaction. 
  

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 (d) The Sponsor does not intend to incur, nor does Sponsor believe that it will incur, debts beyond
the Sponsor’s ability to repay such debts as they mature. 
 4.10 Ownership The Sponsor is the indirect owner of 75% of the
issued and outstanding common membership interests of the Borrower. 
 ARTICLE 5. 
 COVENANTS 
 The Sponsor hereby covenants and agrees for the benefit of the
Borrower, the Collateral Agents and the other Secured Parties that: 
 5.1 Maintenance of Corporate Existence. The Sponsor will at all
times do, or cause to be done, all things necessary to preserve and maintain its corporate existence, franchises, rights and privileges in each jurisdiction in which the conduct of its business so requires, except where loss of any such franchises,
rights or privileges could not reasonably be expected to have a Sponsor Material Adverse Effect. 
 5.2 Restrictions on Consolidations and
Mergers. The Sponsor shall not consolidate or merge with or into another Person or sell, convey, transfer or lease its properties and assets substantially as an entirety to any Person, and the Sponsor shall not permit any Person to consolidate
or merge into the Sponsor. 
 5.3 Notice of Sponsor Material Adverse Effect. Promptly, and in any event within 30 Business Days after
any officer of the Sponsor obtains knowledge thereof, the Sponsor shall give the Collateral Agents notice of the occurrence of any event, any litigation or governmental proceeding affecting or pending against the Sponsor or any of its Affiliates
which has had, or could reasonably be expected to have, a Sponsor Material Adverse Effect. 
 5.4 Ranking. The Sponsor shall cause its
obligations hereunder to at all times rank at least pari passu with all other senior unsecured obligations of the Sponsor. 
 5.5
Further Assurances. The Sponsor shall promptly provide the Collateral Agents with such information and other documents that they may reasonably request. 
 5.6 Financial and Other Information. 
 5.6.1. Annual Financials. Promptly after becoming
available, and in any event (i) so long as the Sponsor remains subject to the provisions of the Securities Exchange Act of 1934, no later than the last day permitted under the Securities Exchange Act of 1934 (after giving effect to any
extensions thereunder) and (ii) if the Sponsor is no longer subject to the provisions of the Securities Exchange Act of 1934, within 90 days, in each case, after the end of each fiscal year of the Sponsor, a copy of the annual audit report for
such year for the Sponsor and its Subsidiaries, including therein consolidated balance sheets of the Sponsor and its Subsidiaries as of the end of such fiscal year and consolidated statements of income and a consolidated statement of cash flows of
the Sponsor and its Subsidiaries for such fiscal year, in each case accompanied by (i) an opinion as to such audit report of Weiser LLP or other independent public accountants of recognized standing acceptable to the Appropriate Collateral
Agent and (ii) a 
  

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 report of such independent public accountants as to the Sponsor’s internal controls required under Section 404
of the Sarbanes-Oxley Act of 2002, in each case certified in a manner to which the Appropriate Collateral Agent has not objected. 
 5.6.2.
Quarterly Financials. Promptly after becoming available, and in any event (i) so long as the Sponsor remains subject to the provisions of the Securities Exchange Act of 1934, no later than the last day permitted under the Securities
Exchange Act of 1934 (after giving effect to any extensions thereunder) and (ii) if the Sponsor is no longer subject to the provisions of the Securities Exchange Act of 1934, within 45 days, in each case, after the end of each of the first
three quarters of each fiscal year, consolidated balance sheets of the Sponsor and its Subsidiaries as of the end of such quarter and consolidated statements of income and a consolidated statement of cash flows of the Sponsor and its Subsidiaries
for the period commencing at the end of the previous fiscal quarter and ending with the end of such fiscal quarter and consolidated statements of income and a consolidated statement of cash flows of the Sponsor and its Subsidiaries for the period
commencing at the end of the previous fiscal year and ending with the end of such quarter, setting forth in each case in comparative form the corresponding figures for the corresponding date or period of the preceding fiscal year, all in reasonable
detail. 
 5.6.3. Delivery of Financials. Documents required to be delivered pursuant to Sections 5.6.1 and 5.6.2 may (to the extent
any such documents are included in materials otherwise filed with the SEC) be delivered electronically and if so delivered, shall be deemed to have been delivered on the date (a) on which the Sponsor posts such documents (or provides a link
thereto) to its website on the internet at www.usenergysystems.com, (b) on which the Collateral Agents have received written notice from the Sponsor of the making or filing of any financial statement or other filing or registration and the same
are continuously available on the Electronic Data Gathering Analysis and Retrieval (“EDGAR”) of the SEC or (c) on which such documents are posted on the Borrower’s behalf on IntraLinksTM or a substantially
similar electronic transmission system to which the Secured Parties have access; provided, that (i) the Sponsor shall deliver paper copies of such documents to any Secured Party that requests in writing that the Sponsor deliver such
paper copies until a written request to cease delivering paper copies is given and (ii) the Sponsor shall notify (which may be by facsimile or electronic mail) the Collateral Agents of the posting of any such documents in accordance with the
foregoing clauses (a), (b) and/or (c) above and provide to the Collateral Agents by electronic mail electronic versions (i.e., soft copies) of such documents. 
 ARTICLE 6. 
 MISCELLANEOUS 
 6.1 No Waiver; Remedies. No failure on the part of any Secured Party or the Borrower to exercise, and no delay in exercising, any right hereunder
shall operate as a waiver thereof; nor shall any single or partial exercise of any right hereunder preclude any other or further exercise thereof or the exercise of any other right. The remedies herein provided are cumulative and not exclusive of
any remedies provided by law. 
  

 20 

 6.2 Severability. In case any one or more of the provisions contained in this Agreement should be
invalid, illegal or unenforceable in any respect, the validity, legality and enforceability of the remaining provisions shall not in any way be affected or impaired thereby. 
 6.3 Headings. Article and Section headings have been inserted in this Agreement as a matter of convenience for reference only and it is agreed
that such article and section headings are not a part of this Agreement and shall not be used in the interpretation of any provision of this Agreement. 
 6.4 Assignment. This Agreement shall be binding upon and inure to the benefit of the parties hereto and their respective successors and assigns; provided that neither the Sponsor nor the Borrower may
assign or otherwise transfer any of its rights or obligations hereunder (other than the assignment by the Borrower in favor of the Collateral Agents pursuant to the terms of the Collateral Documents or this Agreement) without the prior written
consent of the Collateral Agents. 
 6.5 Amendments, Etc. This Agreement may not be amended, modified or supplemented, except in a
writing signed by each of the parties hereto and otherwise in accordance with the provisions of the Intercreditor Agreement. 
 6.6
Governing Law; Jurisdiction; Waiver of Jury Trial, Etc. (a) This Agreement shall be governed by, and construed in accordance with, the laws of the State of New York. 
 (b) Each of the parties hereto hereby irrevocably and unconditionally submits, for itself and its property, to the nonexclusive jurisdiction of any
New York State court or Federal court of the United States of America sitting in New York City, and any appellate court from any thereof, in any action or proceeding arising out of or relating to this Agreement, 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 any such New York State court or, to the fullest extent permitted
by law, in such Federal court. Each of the parties hereto agrees that a final judgment in any such action or proceeding shall be conclusive and may be enforced in other jurisdictions by suit on the judgment or in any other manner provided by law.
Nothing in this Agreement or any other Financing Document shall affect any right that any party may otherwise have to bring any action or proceeding relating to this Agreement in the courts of any jurisdiction. 
 (c) Each of the parties hereto irrevocably and unconditionally waives, to the fullest extent it may legally and effectively do so, any objection
that 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 in any New York State or Federal court sitting in New York City. 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 suit, action or proceeding in any such court. 
 (d) EACH OF THE PARTIES HERETO HEREBY IRREVOCABLY WAIVES ALL RIGHT TO TRIAL BY JURY IN ANY ACTION, PROCEEDING OR COUNTERCLAIM (WHETHER BASED ON CONTRACT, TORT OR OTHERWISE) ARISING OUT OF OR RELATING TO ANY OF
THE FINANCING DOCUMENTS, THE ADVANCES OR THE ACTIONS OF ANY SECURED PARTY IN THE NEGOTIATION, ADMINISTRATION, PERFORMANCE OR ENFORCEMENT THEREOF. 
  

 21 

 6.7 Payments. All amounts required to be paid by the Sponsor hereunder shall be paid in Dollars
without set-off or counterclaim in immediately available funds. 
 6.8 Expenses and Indemnification. 
 6.8.1. Expenses. The Sponsor agrees to pay on demand to each Collateral Agent all costs and expenses incurred by such Collateral Agent (including
the reasonable fees and disbursements of counsel) incident to its enforcement, protection or preservation of any of its rights or claims (or the rights or claims of any other Secured Party) under this Agreement. 
 6.8.2. Indemnification. The Sponsor shall, to the fullest extent permitted by law, indemnify, defend and save and hold harmless each of the
Collateral Agents and each other Secured Party and each of their Affiliates and their respective officers, directors, employees, agents and advisors (each, an “Indemnified Party”) from and against, and shall pay on demand,
any and all claims, damages, losses, liabilities and expenses (including, without limitation reasonable fees and disbursements of counsel) that may be (a) incurred by or asserted or awarded against any Indemnified Party in connection with or as
a result of any failure of any obligation of the Sponsor under this Agreement to be the legal, valid and binding obligation of the Sponsor, enforceable against the Sponsor in accordance with its terms, (b) incurred by such Indemnified Party in
connection with the enforcement of and the exercise of any rights, remedies or power granted under this Agreement or (c) arising from a breach by the Sponsor of any of its representations and warranties, covenants or other agreements set forth
in this Agreement, except to the extent such claim, damage, loss, liability or expense is found in a final, non-appelable judgment by a court of competent jurisdiction to have resulted primarily from such Indemnified Party’s gross negligence or
willful misconduct. The Sponsor also agrees not to assert any claim against either Collateral Agent or any other Secured Party or any of their Affiliates, or any of their respective officers, directors, employees, agents and advisors, on any theory
of liability, for special, indirect, consequential or punitive damages arising out of otherwise relating to this Agreement or any of the other Financing Documents or any of the transactions contemplated hereby or thereby. 
 6.9 Notices. All notices and other communications provided for hereunder shall be in writing (including telegraphic, telecopy or telex
communication) and mailed, telegraphed, telecopied, telexed or delivered to it, if to the Sponsor, addressed to it at its address at 545 Madison Avenue, 6th Floor, New York, NY 10002, Attention: Adam Greene, Fax: (212)588-1635, E-mail Address:
agreene@usenergysystems.com; if to the Borrower, at its address specified in Section 10.9 of the Intercreditor Agreement, if to the First Lien Collateral Agent, at its address specified in Section 10.9 of the Intercreditor Agreement, if to
the Second Lien Collateral Agent, at its address specified in Section 10.9 of the Intercreditor Agreement, or, as to any party, at such other address as shall be designated by such party in a written notice to each other party. All such notices
and other communications shall, when mailed, telegraphed, telecopied or telexed, be effective when deposited in the mails, delivered to the telegraph company, transmitted by telecopier or confirmed by telex answerback, respectively. Delivery by
telecopier of an executed counterpart of a signature page to any amendment or waiver of any provision of this Agreement shall be effective as delivery of an original executed counterpart thereof. 
  

 22 

 6.10 Execution in Counterparts. This Agreement and each amendment, waiver and consent with respect
hereto may be executed in any number of counterparts and by different parties thereto in separate counterparts, each of which when so executed shall be deemed to be an original and all of which taken together shall constitute one and the same
agreement. Delivery of an executed counterpart of a signature page to this Agreement by telecopier shall be effective as delivery of an original executed counterpart of this Agreement. 
 6.11 Termination. This Agreement shall terminate on the Termination Date; provided that promptly upon termination of this Agreement in
accordance with this Section 6.11, to the extent not previously fully drawn, the Appropriate Collateral Agent shall deliver the Equity Support Letter of Credit to the Sponsor. 
 6.12 Survival of Obligations. All representations and warranties made herein and in the certificates or other instruments delivered in connection
with or pursuant to this Agreement shall be considered to have been relied upon by the parties hereto and shall survive the termination of this Agreement. Notwithstanding anything in this Agreement or implied by law to the contrary, the agreements
of the Sponsor set forth in Sections 2.3, 2.4, 3.1 and 6.8 shall survive the termination of this Agreement. 
 [REMAINDER OF PAGE
INTENTIONALLY LEFT BLANK] 
  

 23 

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

			
	GBGH, LLC,
	as Borrower
		
	By:	 	  

	Name:	 	
	Title:	 	
	
	 U.S. ENERGY SYSTEMS, INC.,
 as
Sponsor

		
	By:	 	  

	Name:	 	
	Title:	 	
	
	 CREDIT SUISSE, Cayman Islands Branch,
 as
First Lien Collateral Agent

		
	By:	 	  

	Name:	 	
	Title:	 	
		
	By:	 	  

	Name:	 	
	Title:	 	
	
	 CREDIT SUISSE, Cayman Islands Branch,
 as
Second Lien Collateral Agent

		
	By:	 	  

	Name:	 	
	Title:	 	
		
	By:	 	  

	Name:	 	
	Title:CREDIT AND GUARANTY AGREEMENT

 EXHIBIT 10.4 
 CREDIT AND GUARANTY AGREEMENT 
 dated as of August 7, 2006 
 among 
 US ENERGY OVERSEAS
INVESTMENTS LLC, 
 U.S. ENERGY SYSTEMS, INC., as Guarantor, 
 VARIOUS LENDERS, 
 and 
 SILVER POINT FINANCE, LLC, 
 as
Administrative Agent, Collateral Agent, Syndication Agent and Lead Arranger 
  

 $23,335,051.45 Senior Secured Credit Facility 
  

 TABLE OF CONTENTS 
  

					
	SECTION 1.	  	DEFINITIONS AND INTERPRETATION	  	6
	 1.1
	  	Definitions	  	6
	 1.2
	  	Accounting Terms	  	27
	 1.3
	  	Interpretation, etc	  	27
			
	SECTION 2.	  	LOANS AND LETTERS OF CREDIT	  	27
	 2.1
	  	Term Loans.	  	27
	 2.2
	  	Pro Rata Shares	  	28
	 2.3
	  	Use of Proceeds	  	28
	 2.4
	  	Evidence of Debt; Register; Lenders’ Books and Records; Notes.	  	29
	 2.5
	  	Interest on Loans.	  	29
	 2.6
	  	Conversion/Continuation.	  	31
	 2.7
	  	Default Interest	  	31
	 2.8
	  	Fees	  	32
	 2.9
	  	Scheduled Payments	  	32
	 2.10
	  	Voluntary Prepayments	  	32
	 2.11
	  	Mandatory Prepayments.	  	32
	 2.12
	  	Application of Prepayments.	  	34
	 2.13
	  	General Provisions Regarding Payments.	  	34
	 2.14
	  	Ratable Sharing	  	35
	 2.15
	  	Making or Maintaining LIBOR Rate Loans.	  	36
	 2.16
	  	Increased Costs; Capital Adequacy; Reserves on LIBOR Rate Loans.	  	38
	 2.17
	  	Taxes; Withholding, etc.	  	39
	 2.18
	  	Obligation to Mitigate	  	41
	 2.19
	  	Defaulting Lenders	  	42
	 2.20
	  	Removal or Replacement of a Lender	  	42
			
	SECTION 3.	  	CONDITIONS PRECEDENT	  	43
	 3.1
	  	Closing Date	  	43
			
	SECTION 4.	  	REPRESENTATIONS AND WARRANTIES	  	48
	 4.1
	  	Organization; Requisite Power and Authority; Qualification	  	48
	 4.2
	  	Capital Stock and Ownership	  	48
	 4.3
	  	Due Authorization	  	49
	 4.4
	  	No Conflict	  	49
	 4.5
	  	Governmental Consents	  	49
	 4.6
	  	Binding Obligation	  	49
	 4.7
	  	Historical Financial Statements	  	49
	 4.8
	  	Projections	  	50
	 4.9
	  	No Material Adverse Change	  	50
	 4.10
	  	No Restricted Payments	  	50
	 4.11
	  	Adverse Proceedings, etc	  	50
	 4.12
	  	Payment of Taxes	  	50

					
	 4.13
	  	Single Purpose Entity	  	51
	 4.14
	  	Real Property	  	51
	 4.15
	  	Environmental Matters	  	51
	 4.16
	  	No Defaults	  	51
	 4.17
	  	Material Contracts	  	51
	 4.18
	  	Governmental Regulation	  	52
	 4.19
	  	Margin Stock	  	52
	 4.20
	  	Employee Matters	  	52
	 4.21
	  	Employee Benefit Plans	  	52
	 4.22
	  	Certain Fees	  	53
	 4.23
	  	Solvency	  	53
	 4.24
	  	Related Agreements	  	53
	 4.25
	  	Compliance with Statutes, etc.	  	54
	 4.26
	  	Disclosure	  	54
	 4.27
	  	Terrorism Laws	  	54
	 4.28
	  	Insurance	  	55
	 4.29
	  	Corporate Separateness	  	55
	 4.30
	  	Security Interest in Collateral	  	55
	 4.31
	  	Affiliate Transactions	  	55
	 4.32
	  	Intellectual Property	  	56
	 4.33
	  	Permits, Etc.	  	56
	 4.34
	  	GBGH	  	56
	 4.35
	  	USEB	  	56
	 4.36
	  	Warrants	  	56
	 4.37
	  	Additional Agreements	  	56
			
	SECTION 5.	  	AFFIRMATIVE COVENANTS	  	56
	 5.1
	  	Financial Statements and Other Reports	  	57
	 5.2
	  	Existence	  	62
	 5.3
	  	Payment of Taxes and Claims	  	62
	 5.4
	  	Maintenance of Properties	  	62
	 5.5
	  	Insurance	  	62
	 5.6
	  	Books and Records; Inspections	  	63
	 5.7
	  	Lenders Meetings	  	63
	 5.8
	  	Compliance with Laws	  	63
	 5.9
	  	Further Assurances	  	64
	 5.10
	  	Miscellaneous Business Covenants	  	64
	 5.11
	  	Use of Proceeds	  	64
	 5.12
	  	Restricted Payments; Excess Cash Flow	  	64
	 5.13
	  	Warrants	  	65
	 5.14
	  	GBGH and USEB	  	65
			
	SECTION 6.	  	NEGATIVE COVENANTS	  	65
	 6.1
	  	Indebtedness	  	65
	 6.2
	  	Liens	  	66
	 6.3
	  	No Further Negative Pledges	  	66
	 6.4
	  	Restricted Payments	  	67

  

 ii 

					
	 6.5
	  	Investments	  	67
	 6.6
	  	Fundamental Changes; Disposition of Assets	  	67
	 6.7
	  	Subsidiary Interests; Restrictions on Subsidiaries	  	67
	 6.8
	  	Sales and Lease Backs	  	68
	 6.9
	  	Transactions with Shareholders and Affiliates	  	68
	 6.10
	  	Conduct of Business	  	68
	 6.11
	  	Amendments or Waivers of Certain Related Agreements	  	68
	 6.12
	  	Fiscal Year	  	69
	 6.13
	  	Deposit Accounts and Securities Accounts	  	69
	 6.14
	  	Organizational Agreements and Material Contracts	  	69
	 6.15
	  	Prepayments of Certain Indebtedness	  	69
	 6.16
	  	Issuance of Capital Stock	  	69
	 6.17
	  	GBGH and USEB Indebtedness	  	69
			
	SECTION 7.	  	GUARANTY	  	69
	 7.1
	  	Guaranty of the Obligations	  	69
	 7.2
	  	Payment by Guarantor	  	70
	 7.3
	  	Liability of Guarantor Absolute	  	70
	 7.4
	  	Waivers by Guarantor	  	72
	 7.5
	  	Guarantor’s Rights of Subrogation, Contribution, etc.	  	72
	 7.6
	  	Subordination of Other Obligations	  	73
	 7.7
	  	Continuing Guaranty	  	73
	 7.8
	  	Authority of Guarantor or Company	  	73
	 7.9
	  	Financial Condition of Company	  	73
	 7.10
	  	Bankruptcy, etc.	  	74
	 7.11
	  	Taxes	  	74
			
	SECTION 8.	  	EVENTS OF DEFAULT	  	75
	 8.1
	  	Events of Default	  	75
			
	SECTION 9.	  	AGENTS	  	78
	 9.1
	  	Appointment of Agents	  	78
	 9.2
	  	Powers and Duties	  	78
	 9.3
	  	General Immunity	  	78
	 9.4
	  	Agents Entitled to Act as Lender	  	80
	 9.5
	  	Lenders’ Representations, Warranties and Acknowledgment	  	80
	 9.6
	  	Right to Indemnity	  	80
	 9.7
	  	Successor Administrative Agent.	  	81
	 9.8
	  	Collateral Documents and Guaranty	  	82
	 9.9
	  	Posting of Approved Electronic Communications.	  	83
	 9.10
	  	Proofs of Claim	  	84
	 9.11
	  	Agents and Arrangers	  	85
			
	SECTION 10.	  	MISCELLANEOUS	  	85
	 10.1
	  	Notices	  	85
	 10.2
	  	Expenses	  	85
	 10.3
	  	Indemnity	  	86

  

 iii 

					
	 10.4
	  	Set Off	  	87
	 10.5
	  	Amendments and Waivers.	  	87
	 10.6
	  	Successors and Assigns; Participations	  	89
	 10.7
	  	Special Purpose Funding Vehicles	  	92
	 10.8
	  	Independence of Covenants	  	93
	 10.9
	  	Survival of Representations, Warranties and Agreements	  	93
	 10.10
	  	No Waiver; Remedies Cumulative	  	93
	 10.11
	  	Marshalling; Payments Set Aside	  	93
	 10.12
	  	Severability	  	94
	 10.13
	  	Obligations Several; Independent Nature of Lenders’ Rights	  	94
	 10.14
	  	Headings	  	94
	 10.15
	  	APPLICABLE LAW	  	94
	 10.16
	  	CONSENT TO JURISDICTION	  	94
	 10.17
	  	WAIVER OF JURY TRIAL	  	95
	 10.18
	  	Confidentiality	  	96
	 10.19
	  	Usury Savings Clause	  	96
	 10.20
	  	Counterparts	  	97
	 10.21
	  	Effectiveness	  	97
	 10.22
	  	Patriot Act	  	97
	 10.23
	  	Disclosure	  	97
	 10.24
	  	Appointment for Perfection	  	97
	 10.25
	  	Advertising and Publicity	  	98
			
	SECTION 11.	  	TAX MATTERS	  	98
	 11.1
	  	Company	  	98
	 11.2
	  	GBGH	  	98
	 11.3
	  	Limited	  	98
	 11.4
	  	RGS	  	99
	 11.5
	  	Madison	  	99
	 11.6
	  	Viking Petro	  	99
	 11.7
	  	Viking UK Gas	  	99
	 11.8
	  	Viking BV	  	99
	 11.9
	  	VIP	  	99

  

 iv 

					
	APPENDICES:	  	A	  	Term Loan Commitments
		  	B	  	Notice Addresses
			
	SCHEDULES:	  	4.1	  	Jurisdictions of Organization and Qualification
		  	4.2	  	Capital Stock and Ownership
		  	4.4	  	Approvals and Consents
		  	4.5	  	Governmental Consents
		  	4.7	  	Historical Financial Statements
		  	4.9	  	Material Adverse Events
		  	4.11	  	Adverse Proceedings
		  	4.14	  	Real Property
		  	4.16	  	Defaults
		  	4.17	  	Material Contracts
		  	4.24	  	Related Agreements
		  	4.28	  	Insurance
		  	4.30	  	Financing Statements and Actions
		  	4.31	  	Affiliate Transactions
		  	4.32	  	Intellectual Property
		  	4.37	  	Additional Agreements
		  	6.1	  	Permitted Indebtedness
		  	6.2	  	Permitted Liens
		  	6.15	  	Permitted Prepayments
		  	6.16	  	Capital Stock
			
	EXHIBITS:	  	A-1	  	Funding Notice
		  	A-2	  	Conversion/Continuation Notice
		  	B	  	Term Loan Note
		  	C	  	Compliance Certificate
		  	D	  	Opinions of Counsel
		  	E	  	Assignment Agreement
		  	F	  	Certificate Regarding Non-Bank Status
		  	G-1	  	Closing Date Certificate
		  	G-2	  	Solvency Certificate
		  	H-1	  	Pledge and Security Agreement
		  	H-2	  	Third Lien Pledge Agreement
		  	I	  	Warrant Purchase Agreement
		  	J	  	Form of Warrant

  

 v 

 CREDIT AND GUARANTY AGREEMENT 
 This CREDIT AND GUARANTY AGREEMENT, dated as of August 7, 2006, is entered into by and among US ENERGY OVERSEAS INVESTMENTS LLC, a
Delaware limited liability company (“Company”), U.S. ENERGY SYSTEMS, INC., a Delaware corporation (“Holdings”), as a Guarantor, the Lenders party hereto from time to time, and SILVER POINT FINANCE, LLC
(“Silver Point”), as Administrative Agent (in such capacity, “Administrative Agent”), Collateral Agent (in such capacity, “Collateral Agent”), Syndication Agent (in such capacity,
“Syndication Agent”), and Lead Arranger (in such capacity, the “Lead Arranger”). 
 RECITALS: 
 WHEREAS, capitalized terms used in these Recitals shall have the respective meanings set forth for such terms in Section 1.1 hereof;

 WHEREAS, Lenders have agreed to extend term loans to Company, in an aggregate amount not to exceed $23,335,051.45, the proceeds of
which will be used (i) to make an equity contribution in GBGH, LLC, a Delaware limited liability company (“GBGH”), which GBGH will use in part to finance the acquisition and development of certain natural gas reserves in North
Yorkshire, England, gas collection and processing equipment and a 42 MW nameplate capacity natural gas fired plant (collectively, the “Assets”), (ii) for general corporate purposes and (iii) to pay fees and expenses
associated with the transactions contemplated by the Credit Documents and the Related Agreements; 
 WHEREAS, Company has agreed to
secure all of its Obligations by granting to Collateral Agent, for the benefit of Secured Parties, a First Priority Lien on substantially all of its assets; and 
 WHEREAS, Holdings has agreed to guarantee the obligations of Company hereunder and to secure its Obligations by granting to Collateral Agent, for the benefit of Secured Parties, a First Priority Lien on
substantially all of its assets (with the exception of the Equity Interests held by Holdings in USEB), including a pledge of all of the Capital Stock of Company. 
 NOW, THEREFORE, in consideration of the premises and the agreements, provisions and covenants herein contained, the parties hereto agree as follows: 
 SECTION 1. DEFINITIONS AND INTERPRETATION 
 1.1 Definitions 
 The following terms used herein, including in the preamble, recitals, exhibits and schedules hereto, shall have the
following meanings: 
 “Adjusted LIBOR Rate” means, for any Interest Rate Determination Date with respect to an Interest
Period for a LIBOR Rate Loan, the rate per annum obtained by dividing (and rounding upward to the next whole multiple of one-sixteenth of one percent (1/16 of 1%)) (i)
  

 6 

 (a) the rate per annum (rounded to the nearest one-hundredth of one percent (1/100 of 1%)) equal to the rate determined
by Administrative Agent to be the offered rate which appears on the page of the Telerate Screen which displays an average British Bankers Association Interest Settlement Rate (such page currently being page number 3740 or 3750, as applicable) for
deposits (for delivery on the first day of such period) with a term equivalent to such period in Dollars, determined as of approximately 11:00 a.m. (London, England time) on such Interest Rate Determination Date, or (b) in the event the rate
referenced in the preceding clause (a) does not appear on such page or service or if such page or service shall cease to be available, the rate per annum (rounded to the nearest one-hundredth of one percent (1/100 of 1%)) equal to the rate
determined by Administrative Agent to be the offered rate on such other page or other service which displays an average British Bankers Association Interest Settlement Rate for deposits (for delivery on the first day of such period) with a term
equivalent to such period in Dollars, determined as of approximately 11:00 a.m. (London, England time) on such Interest Rate Determination Date, or (c) in the event the rates referenced in the preceding clauses (a) and (b) are not
available, the rate per annum (rounded to the nearest one-hundredth of one percent (1/100 of 1%)) equal to the offered quotation rate to first class banks in the London interbank market for deposits (for delivery on the first day of the relevant
period) in Dollars of amounts in same day funds comparable to the principal amount of the applicable Loan, for which the Adjusted LIBOR Rate is then being determined with maturities comparable to such period as of approximately 11:00 a.m. (London,
England time) on such Interest Rate Determination Date as determined by Administrative Agent in accordance with its customary practices, by (ii) an amount equal to (a) one, minus (b) the Applicable Reserve Requirement.

 “Administrative Agent” as defined in the preamble hereto. 
 “Administrative Agent’s Account” means an account at a bank designated by Administrative Agent from time to time as the account
into which Credit Parties shall make all payments to Administrative Agent for the benefit of Agent and Lenders under this Agreement and the other Credit Documents. 
 “Adverse Proceeding” means any action, suit, proceeding (whether administrative, judicial or otherwise), governmental investigation or arbitration (whether or not purportedly on behalf of Holdings or
any of its Subsidiaries) at law or in equity, or before or by any Governmental Authority, domestic or foreign (including any Environmental Claims) or other regulatory body or any arbitrator whether pending or, to the best knowledge of Holdings or
any of its Subsidiaries, threatened against or affecting Holdings or any of its Subsidiaries or any property of Holdings or any of its Subsidiaries. 
 “Affected Lender” as defined in Section 2.15(b). 
 “Affected Loans”
as defined in Section 2.15(b). 
 “Affiliate” means, as applied to any Person, any other Person directly or indirectly
controlling, controlled by, or under common control with, that Person. For the purposes of this definition, “control” (including, with correlative meanings, the terms “controlling,” “controlled by” and “under
common control with”), as applied to any Person, means the possession, directly or indirectly, of the power (i) to vote five percent (5%) or more of the Securities having ordinary voting power for the election of directors of such
Person, or (ii) to direct or cause the direction of the management and policies of that Person, whether through the ownership of voting securities or by contract or otherwise. Notwithstanding anything to the contrary herein, in no event shall
any Agent or Lender be considered an “Affiliate” of any Credit Party. 
  

 7 

 “Agent” means each of Syndication Agent, Administrative Agent, and Collateral Agent.

 “Aggregate Amounts Due” as defined in Section 2.14. 
 “Agreement” means this Credit and Guaranty Agreement, dated as of August 7, 2006, as it may be amended, supplemented or otherwise
modified from time to time and any annexes, exhibits, schedules to any of the foregoing. 
 “AJG IEGP Loan Agreement” means
the Purchase Money Loan Agreement, dated as of April 8, 2004, in initial aggregate principle amount of $14,000,000, between AJG Financial Services, Inc. and Illinois Electrical Generation Partners, II. 
 “AJG Section 29 Tax Credits” means all principal and interest payments received from AJG Financial Services, Inc. under the
Purchase and Sale Agreement dated as of December 30, 1999 between USEB and AJG Financial Services, Inc. 
 “Amended Countryside
Note Purchase Agreement” means that certain Note Purchase Agreement, dated as of November 30, 1999, among the Guarantors (as defined therein), the Former Hancock Issuers (as defined therein), John Hancock Life Insurance Company, John
Hancock Variable Life Insurance Company and Investors Partner Life Insurance Company, as amended by that certain Amendment to Note Purchase Agreement, dated as April 8, 2004, among the Grantors (as defined therein), the BMC Parties (as defined
therein) and the Secured Party (as defined therein). 
 “Applicable Margin” means (i) with respect to Term Loans that
are LIBOR Rate Loans, a percentage, per annum, equal to five percent (5.0%); and (ii) with respect to Term Loans that are Base Rate Loans, a percentage, per annum, equal to three and a half percent (3.5%). 
 “Applicable Reserve Requirement” means, at any time, for any LIBOR Rate Loan, the maximum rate, expressed as a decimal, at which
reserves (including any basic marginal, special, supplemental, emergency or other reserves) are required to be maintained with respect thereto against “Eurocurrency Liabilities” (as such term is defined in Regulation D) under regulations
issued from time to time by the Board of Governors of the Federal Reserve System or other applicable banking regulator. Without limiting the effect of the foregoing, the Applicable Reserve Requirement shall reflect any other reserves required to be
maintained by such member banks with respect to (i) any category of liabilities which includes deposits by reference to which the applicable Adjusted LIBOR Rate or any other interest rate of a Loan is to be determined, or (ii) any category
of extensions of credit or other assets which include LIBOR Rate Loans. A LIBOR Rate Loan shall be deemed to constitute Eurocurrency liabilities and as such shall be deemed subject to reserve requirements without benefits of credit for proration,
exceptions or offsets that may be available from time to time to the applicable Lender. The rate of interest on LIBOR Rate Loans shall be adjusted automatically on and as of the effective date of any change in the Applicable Reserve Requirement.

 “Asset Sale” means a sale, lease or sub lease (as lessor or sublessor), sale and leaseback, assignment, conveyance,
transfer or other disposition to, or any exchange of property with, any Person, in one transaction or a series of transactions, of all or any part of Holdings’ or 
  

 8 

 any of its Subsidiaries’ businesses, assets or properties of any kind, whether real, personal, or mixed and whether
tangible or intangible, whether now owned or hereafter acquired, including the Capital Stock of any of Holdings’ Subsidiaries, other than inventory sold or leased in the ordinary course of business. 
 “Assets” as defined in the recitals hereto. 
 “Assignment Agreement” means an Assignment and Assumption Agreement substantially in the form of Exhibit E, with such amendments or modifications as may be approved by Administrative Agent.

 “Authorized Officer” means, as applied to any Person, any individual holding the position of chairman of the board (if an
officer), chief executive officer, president, chief financial officer or treasurer, in each case, whose signatures and incumbency have been certified to Administrative Agent. 
 “Bankruptcy Code” means Title 11 of the United States Code entitled “Bankruptcy,” as now and hereafter in effect, or any
successor statute. 
 “Base Rate” means, for any day, a rate per annum equal to the greater of (i) the Prime Rate in
effect on such day, and (ii) the Federal Funds Effective Rate in effect on such day plus 3.0%. Any change in the Base Rate due to a change in the Prime Rate or the Federal Funds Effective Rate shall be effective on the effective day of
such change in the Prime Rate or the Federal Funds Effective Rate, respectively. 
 “Base Rate Loan” means a Loan bearing
interest at a rate determined by reference to the Base Rate. 
 “Beneficiary” means each Agent and Lender. 
 “Blocked Account” shall mean, at any time, any Deposit Account or any Securities Account of any Credit Party that is the subject
of an agreement that establishes “control” (within the meaning of Section 9-104 of the UCC) over such Deposit Account or Securities Account in favor of the Collateral Agent. 
 “Business Day” means (i) any day excluding Saturday, Sunday and any day which is a legal holiday under the laws of the State of New
York or is a day on which banking institutions located in such state are authorized or required by law or other governmental action to close, and (ii) with respect to all notices, determinations, fundings and payments in connection with the
Adjusted LIBOR Rate or any LIBOR Rate Loans, the term “Business Day” shall mean any day which is a Business Day described in clause (i) and which is also a day for trading by and between banks in Dollar deposits in the London
interbank market. 
 “Capital Lease” means, as applied to any Person, any lease of (or other arrangement conveying the right
to use) any property (whether real, personal or mixed) by that Person as lessee (or the equivalent) that, in conformity with GAAP, is or should be accounted for as a capital lease on the balance sheet of that Person. 
 “Capital Stock” means any and all shares, interests, participations or other equivalents (however designated) of capital stock of a
corporation, any and all equivalent ownership interests in a Person (other than a corporation), including partnership interests and membership interests, and any and all warrants, rights or options to purchase or other arrangements or rights to
acquire any of the foregoing. 
  

 9 

 “Cash” means money, currency or a credit balance in any demand or Deposit Account.

 “Cash Equivalents” means, as at any date of determination, (i) marketable securities (a) issued or directly and
unconditionally guaranteed as to interest and principal by the United States Government, or (b) issued by any agency of the United States the obligations of which are backed by the full faith and credit of the United States, in each case
maturing within one year after such date; (ii) marketable direct obligations issued by any state of the United States of America or any political subdivision of any such state or any public instrumentality thereof, in each case maturing within
one year after such date and having, at the time of the acquisition thereof, a rating of at least A-1 from S&P or at least P-1 from Moody’s; (iii) commercial paper maturing no more than one year from the date of creation thereof and
having, at the time of the acquisition thereof, a rating of at least A-1 from S&P or at least P-1 from Moody’s; (iv) certificates of deposit or bankers’ acceptances maturing within one year after such date and issued or accepted
by any Lender or by any commercial bank organized under the laws of the United States of America or any state thereof or the District of Columbia that (a) is at least “adequately capitalized” (as defined in the regulations of its
primary Federal banking regulator), and (b) has Tier 1 capital (as defined in such regulations) of not less than $100,000,000; and (v) shares of any money market mutual fund that (a) has at least ninety five percent (95%) of its
assets invested continuously in the types of investments referred to in clauses (i) and (ii) above, (b) has net assets of not less than $500,000,000, and (c) has the highest rating obtainable from either S&P or Moody’s.

 “Cash Flow” means Cash and Cash Equivalents. 
 “Certificate Regarding Non-Bank Status” means a certificate substantially in the form of Exhibit F. 
 “Change of Control” means, at any time, (i) Holdings shall cease to beneficially own and control one hundred percent (100%) on
a fully diluted basis of the economic and voting interest in the outstanding Capital Stock of Company or (ii) the majority of the seats (other than vacant seats) on the board of directors (or similar governing body) of Company cease to be
occupied by Persons who either (a) were members of the board of directors of Company on the Closing Date, or (b) were nominated for election or appointed by the board of directors of Company, a majority of whom were directors on the
Closing Date or whose election or nomination for election was previously approved by a majority of such directors. 
 “Cinergy
Section 29 Tax Credit Notes” means, collectively, the First Secured Promissory Note, dated as of May 1, 2001, in the aggregate principal amount of $42,900,236 from Cinergy Gasco Solutions, LLC and the Second Secured Promissory
Note, dated May 1, 2001, in the aggregate principal amount of $6,425,000 from Cinergy Gasco Solutions, LLC. 
 “Closing
Date” means the date on which the Term Loans are made in an aggregate amount up or equal to $23,335,051.45. 
 “Closing Date
Certificate” means a Closing Date Certificate substantially in the form of Exhibit G-1. 
 “Collateral” means,
collectively, all of the real, personal and mixed property (including Capital Stock) in which Liens are purported to be granted pursuant to the Collateral Documents as security for the Obligations. 
  

 10 

 “Collateral Agent” as defined in the preamble hereto. 
 “Collateral Documents” means the Pledge and Security Agreement, the Third Lien Pledge Agreement and all other instruments, documents and
agreements delivered by any Credit Party pursuant to this Agreement or any of the other Credit Documents in order to grant to Collateral Agent, for the benefit of Secured Parties, a Lien on any real, personal or mixed property of that Credit Party
as security for the Obligations. 
 “Collateral Questionnaire” means a certificate in form satisfactory to Collateral Agent
that provides information with respect to the personal or mixed property of each Credit Party. 
 “Commitment” means any
Term Loan Commitment. 
 “Common Stock” means the common stock, par value $0.01 per share, of Holdings, and any capital
stock into which such Common Stock may thereafter be changed. 
 “Communications” as defined in Section 9.9(a).

 “Company” as defined in the preamble hereto. 
 “Compliance Certificate” means a Compliance Certificate substantially in the form of Exhibit C. 
 “Contractual Obligation” means, as applied to any Person, any provision of any Security issued by that Person or of any indenture,
mortgage, deed of trust, contract, undertaking, agreement or other instrument to which that Person is a party or by which it or any of its properties is bound or to which it or any of its properties is subject. 
 “Conversion/Continuation Date” means the effective date of a continuation or conversion, as the case may be, as set forth in the
applicable Conversion/Continuation Notice. 
 “Conversion/Continuation Notice” means a Conversion/Continuation Notice
substantially in the form of Exhibit A-2. 
 “Countryside Debt” means the Amended Countryside Note Purchase Agreement and
any refinancing thereof as permitted in accordance with Section 6.1(c). 
 “Credit Document” means any of this
Agreement, the Notes, if any, the Collateral Documents, the Warrant Agreement, the Warrants, and all other certificates, documents, instruments or agreements executed and delivered by a Credit Party for the benefit of any Agent or any Lender in
connection herewith. 
 “Credit Extension” means the making, conversion or continuance of a Loan. 
 “Credit Party” means each Person (other than any Agent or any Lender or any representative thereof) from time to time party to a Credit
Document. 
 “Default” means a condition or event that, after notice or lapse of time or both, would constitute an Event of
Default. 
 “Default Excess” means, with respect to any Defaulting Lender, the excess, if any, of such Defaulting
Lender’s Pro Rata Share of the aggregate outstanding principal amount of Loans of all Lenders (calculated as if all Defaulting Lenders (other than such Defaulting Lender) had funded all of their respective Defaulted Loans) over the aggregate
outstanding principal amount of all Loans of such Defaulting Lender. 
  

 11 

 “Default Period” means, with respect to any Defaulting Lender, the period commencing on
the date of the applicable Funding Default and ending on the earliest of the following dates: (i) the date on which all Commitments are cancelled or terminated and/or the Obligations are declared or become immediately due and payable,
(ii) the date on which (a) the Default Excess with respect to such Defaulting Lender shall have been reduced to zero (whether by the funding by such Defaulting Lender of any Defaulted Loans of such Defaulting Lender or by the non-pro rata
application of any voluntary or mandatory prepayments of the Loans in accordance with the terms of Section 2.10 or Section 2.11 or by a combination thereof), and (b) such Defaulting Lender shall have delivered to Company and
Administrative Agent a written reaffirmation of its intention to honor its obligations hereunder with respect to its Commitments, and (iii) the date on which Company, Administrative Agent and Requisite Lenders waive all Funding Defaults of such
Defaulting Lender in writing. 
 “Defaulted Loan” as defined in Section 2.19. 
 “Defaulting Lender” as defined in Section 2.19. 
 “Default Rate” means any interest payable pursuant to Section 2.7. 
 “Deposit
Account” means a demand, time, savings, passbook or like account with a bank, savings and loan association, credit union or like organization, other than an account evidenced by a negotiable certificate of deposit. 
 “Distribution Date” means December 31, 2006, subject to a three-month extension at the sole discretion of the Administrative Agent.

 “Dollars” and the sign “$” mean the lawful money of the United States of America. 
 “Domestic Subsidiary” means any Subsidiary organized under the laws of the United States of America, any State thereof or the District
of Columbia. 
 “EBITDA” means the net income for USEB before interest, taxes, depreciation and amortization, as reported in
the consolidated Holdings financial statements where net income excludes (i) interest, dividends and capital gains/losses from the investment of funds in the USEB Illinois Reserve Accounts, (ii) the gain/loss pertaining to any hedging
arrangement, (iii) gains or losses related to foreign currency translation, and (iv) gains recorded for financial statement purposes for which no cash will be received but includes (a) interest and the cash portion of payment of
principal received by USEB during such period and not recorded as revenue per GAAP with respect to the AJG IEGP Loan Agreement, (b) interest and the cash portion of the payment of principal received during such period and not recorded as
revenue per GAAP with respect to the Cinergy Section 29 Tax Credit Notes and AJG Section 29 Tax Credits, (c) interest and earnings on funds deposited into the USEB Debt Service Reserve Accounts and the Improvement Reserve Account and
(d) portions of fees related to third party operations and maintenance contracts that are recorded as capital expenditures for financial statement purposes. 
 “Eligible Assignee” means (a) any Lender, any Affiliate of any Lender and any Related Fund (any two or more Related Funds being treated as a single Eligible Assignee for all purposes hereof),
(b) any commercial bank, insurance company, or investment or mutual fund, (c) any other entity that is an “accredited investor” (as defined in Regulation D under the Securities Act) and which extends credit or buys loans as one
of its businesses, and (d) any other Person (other than a natural Person); provided, neither Holdings nor any Affiliate of Holdings shall, in any event, be an Eligible Assignee. 
  

 12 

 “Employee Benefit Plan” means any “employee benefit plan” as defined in
Section 3(3) of ERISA which is or was sponsored, maintained or contributed to by, or required to be contributed by, Holdings, any of its Subsidiaries or any of their respective ERISA Affiliates. 
 “Environmental Claim” means any investigation, notice, notice of violation, claim, action, suit, proceeding, demand, abatement order or
other order or directive (conditional or otherwise), by any Governmental Authority or any other Person, arising (i) pursuant to or in connection with any actual or alleged violation of any Environmental Law; (ii) in connection with any
Hazardous Material or any actual or alleged Hazardous Materials Activity; or (iii) in connection with any actual or alleged damage, injury, threat or harm to health, safety, natural resources or the environment. 
 “Environmental Laws” means any and all current or future foreign or domestic, federal or state (or any subdivision of either of them),
statutes, ordinances, orders, rules, regulations, judgments, Governmental Authorizations, or any other requirements of Governmental Authorities relating to (i) public health and safety, protection of the environment or other environmental
matters, including those relating to any Hazardous Materials Activity; (ii) the generation, use, storage, transportation or disposal of Hazardous Materials; or (iii) occupational safety and health, industrial hygiene, land use or the
protection of human, plant or animal health or welfare. 
 “ERISA” means the Employee Retirement Income Security Act of
1974, as amended from time to time, and any successor thereto, in each case together with the regulations thereunder. 
 “ERISA
Affiliate” means, as applied to any Person, (i) any corporation which is a member of a controlled group of corporations within the meaning of Section 414(b) of the Internal Revenue Code of which that Person is a member;
(ii) any trade or business (whether or not incorporated) which is a member of a group of trades or businesses under common control within the meaning of Section 414(c) of the Internal Revenue Code of which that Person is a member; and
(iii) any member of an affiliated service group within the meaning of Section 414(m) or (o) of the Internal Revenue Code of which that Person, any corporation described in clause (i) above or any trade or business described in
clause (ii) above is a member. Any former ERISA Affiliate of Holdings or any of its Subsidiaries shall continue to be considered an ERISA Affiliate of Holdings or any such Subsidiary within the meaning of this definition with respect to the
period such entity was an ERISA Affiliate of Holdings or such Subsidiary and with respect to liabilities arising after such period for which Holdings or such Subsidiary could be liable under the Internal Revenue Code or ERISA. 
 “ERISA Event” means: (i) the occurrence of an act or omission which could give rise to the imposition on Holdings, any of its
Subsidiaries or any of their respective ERISA Affiliates of fines, penalties, taxes or related charges under Chapter 43 of the Internal Revenue Code or under Section 409, Section 502(c), (i) or (l), or Section 4071 of ERISA in
respect of any Employee Benefit Plan; (ii) the assertion of a material claim (other than routine claims for benefits) against any Employee Benefit Plan or the assets thereof, or against Holdings, any of its Subsidiaries or any of their
respective ERISA Affiliates in connection with any Employee Benefit Plan; or (iii) receipt from the Internal Revenue Service of notice of the failure of any 
  

 13 

 Pension Plan (or any other Employee Benefit Plan intended to be qualified under Section 401(a) of the Internal
Revenue Code) to qualify under Section 401(a) of the Internal Revenue Code, or the failure of any trust forming part of any Pension Plan to qualify for exemption from taxation under Section 501(a) of the Internal Revenue Code. 

“Event of Default” means each of the conditions or events set forth in Section 8.1. 
 “Excess Cash Flow” means (i) with respect to GBGH, (a) “Excess Cash Flow” as defined in GBGH Second Lien Credit
Agreement and (b) after the GBGH Second Lien Credit Agreement is no longer in full force and effect, an amount equal to all revenues of GBGH minus all expenses and debt service of GBGH, (ii) with respect to USEB, an amount equal to
(a) the sum of (1) EBITDA for USEB, (2) reductions in GAAP revenues related to subsidy revenues received under the Illinois Retail Rate program, and (3) revenues received from the sale of assets not included in EBITDA, minus
(b) the sum of (1) required deposits into the Illinois Reserve Accounts to the extent required by the Countryside Debt, (2) required deposits into the USEB Debt Service Reserve Account, (3) actual debt service payments made
during the period, (4) cash taxes paid during the period, (5) distributions related to the non-Affiliated minority interest ownership in Illinois Electrical Generation Partners and Illinois Electrical Partners II, (6) distributions
related to the Countryside Royalty Agreement should such distributions exceed the net effect of the financial statement treatment of the royalty included in EBITDA during the period, (7) for each Fiscal Quarter, the funding of a working capital
reserve, such that the total amount on deposit in such reserve does not exceed $800,000, (8) for each Fiscal Quarter, the funding of a capital improvement reserve not to exceed projected un-financed capital improvements for the upcoming two
Fiscal Quarters, and (9) distributions made to other USEB shareholders made in proportion to their ownership interest in USEB. 
 “Exchange Act” means the Securities Exchange Act of 1934, as amended from time to time, and any successor statute. 
 “Extraordinary Receipts” means any cash received by or paid to or for the account of Holdings or any of its Subsidiaries not in the ordinary course of business, including any foreign, United States, state or local tax
refunds, pension plan reversions, judgments, proceeds of settlements or other consideration of any kind in connection with any cause of action, condemnation awards (and payments in lieu thereof), indemnity payments and any purchase price adjustment
received in connection with any purchase agreement and proceeds of insurance (excluding, however, any Net Insurance/Condemnation Proceeds which are subject to Section 2.11(b)). 
 “Federal Funds Effective Rate” means for any day, the rate per annum (expressed, as a decimal, rounded upwards, if necessary, to the
next higher one-hundredth of one percent (1/100 of 1%)) equal to the weighted average of the rates on overnight Federal funds transactions with members of the Federal Reserve System arranged by Federal funds brokers on such day, as published by the
Federal Reserve Bank of New York on the Business Day next succeeding such day; provided, (i) if such day is not a Business Day, the Federal Funds Rate for such day shall be such rate on such transactions on the next preceding Business
Day as so published on the next succeeding Business Day, and (ii) if no such rate is so published on such next succeeding Business Day, the Federal Funds Rate for such day shall be the average rate charged to Silver Point or any other Lender
selected by Administrative Agent on such day on such transactions as determined by Administrative Agent. 
  

 14 

 “Fee Letter” means the letter agreement dated August 7, 2006, between Holdings and
Administrative Agent. 
 “Financial Officer Certification” means, with respect to the financial statements for which such
certification is required, the certification of the chief financial officer of Holdings that such financial statements fairly present, in all material respects, the financial condition of Holdings and its Subsidiaries as at the dates indicated and
the results of their operations and their cash flows for the periods indicated, in each case in conformity with GAAP applied on a consistent basis, subject, in the case of interim financial statements, to changes resulting from normal audit and
year-end adjustments. 
 “Financial Plan” as defined in Section 5.1(i). 
 “First Priority” means, with respect to any Lien purported to be created in any Collateral pursuant to any Collateral Document, that
such Lien is the only Lien to which such Collateral is subject, other than any Permitted Lien. 
 “Fiscal Quarter” means a
fiscal quarter of any Fiscal Year. 
 “Fiscal Year” means the fiscal year of Holdings and its Subsidiaries ending on
December 31 of each calendar year. 
 “Foreign Subsidiary” means any Subsidiary that is not a Domestic Subsidiary.

 “Funding Default” as defined in Section 2.19. 
 “Funding Notice” means a notice substantially in the form of Exhibit A-1. 
 “GAAP” means, subject to the limitations on the application thereof set forth in Section 1.2, United States generally accepted
accounting principles in effect as of the date of determination thereof. 
 “GBGH” as defined in the recitals hereto.

 “GBGH Debt” means indebtedness of GBGH under the GBGH First Lien Credit Agreement and the GBGH Second Lien Credit
Agreement. 
 “GBGH First Lien Credit Agreement” means the U.S. $113,500,000 First Lien Credit Agreement dated as of
August 7, 2006, among GBGH, as borrower, the initial lenders named therein, Credit Suisse, as first lien administrative agent, Credit Suisse, as first lien collateral agent, and Credit Suisse Securities (USA) LLC, as sole lead arranger and sole
bookrunner, and any refinancing thereof in accordance with Section 6.1(b). 
 “GBGH Second Lien Credit Agreement” means
the U.S. $29,500,000 Second Lien Credit Agreement dated as of August 7, 2006, among GBGH, as borrower, the initial lenders named therein, Credit Suisse, as second lien administrative agent, Credit Suisse, as second lien collateral agent, and
Credit Suisse Securities (USA) LLC, as sole lead arranger and sole bookrunner. 
 “Governmental Acts” means any act or
omission, whether rightful or wrongful, of any present or future de jure or de facto government or Governmental Authority. 
 “Governmental Authority” means any federal, state, municipal, national or other government, governmental department, commission, board, bureau, court, agency or instrumentality or political subdivision thereof or any entity
or officer exercising executive, 
  

 15 

 legislative, judicial, regulatory or administrative functions of or pertaining to any government or any court, in each
case whether associated with a state of the United States, the United States, or a foreign entity or government. 
 “Governmental
Authorization” means any permit, license, authorization, plan, directive, consent order or consent decree of or from any Governmental Authority. 
 “Granting Lender” as defined in Section 10.7. 
 “Grantor” as defined
in the Pledge and Security Agreement. 
 “Guarantee” means, with respect to any Person, any obligation, contingent or
otherwise, of such Person guaranteeing or having the economic effect of guaranteeing any Indebtedness or other obligation of any other Person in any manner, whether directly or indirectly, and including any obligation of the guarantor, direct or
indirect, that is (a) an obligation of such Person the primary purpose or intent of which is to provide assurance to an obligee that the obligation of the obligor thereof will be paid or discharged, or any agreement relating thereto will be
complied with, or the holders thereof will be protected (in whole or in part) against loss in respect thereof; or (b) a liability of such Person for an obligation of another through any agreement (contingent or otherwise) (i) to purchase,
repurchase or otherwise acquire such obligation or any security therefor, or to provide funds for the payment or discharge of such obligation (whether in the form of loans, advances, stock purchases, capital contributions or otherwise) or
(ii) to maintain the solvency or any balance sheet item, level of income or financial condition of another if, in the case of any agreement described under subclauses (i) or (ii) of this clause (b), the primary purpose or intent
thereof is as described in clause (a) above. 
 “Guaranteed Obligations” as defined in Section 7.1. 
 “Guarantor” means Holdings. 
 “Guaranty” means the guaranty of Guarantor set forth in Section 7. 
 “Hazardous Materials”
means any chemical, material or substance, exposure to which is prohibited, limited or regulated by any Environmental Law or Governmental Authority or which may or could pose a hazard to the health and safety of any Persons or to the indoor or
outdoor environment. 
 “Hazardous Materials Activity” means any past, current, proposed or threatened activity, event or
occurrence involving any Hazardous Materials, including the use, manufacture, possession, storage, holding, presence, existence, location, Release, threatened Release, discharge, placement, generation, transportation, processing, construction,
treatment, abatement, removal, remediation, disposal, disposition or handling of any Hazardous Materials, and any corrective action or response action with respect to any of the foregoing. 
 “Highest Lawful Rate” means the maximum lawful interest rate, if any, that at any time or from time to time may be contracted for,
charged, or received under the laws applicable to any Lender which are presently in effect or, to the extent allowed by law, under such applicable laws which may hereafter be in effect and which allow a higher maximum nonusurious interest rate than
applicable laws now allow. 
 “Historical Financial Statements” means as of the Closing Date, (i) the audited financial
statements of Holdings and its Subsidiaries, for the Fiscal Year ended December 31, 2005, consisting of balance sheets and the related consolidated statements of income, 
  

 16 

 stockholders’ equity and cash flows for such Fiscal Year and (ii) the internally prepared, unaudited financial
statements of Holdings and its Subsidiaries, consisting of a balance sheet and the related consolidated statements of income, stockholders’ equity and cash flows for the quarterly period ending June 30, 2006, and in the case of clauses
(i) and (ii), certified by the chief financial officer of Holdings that they fairly present, in all material respects, the financial condition of Holdings and its Subsidiaries as at the dates indicated and the results of their operations and
their cash flows for the periods indicated, subject, if applicable, to changes resulting from audit and normal year end adjustments. 
 “Holdings” as defined in the preamble hereto. 
 “Illinois Reserve Account” means the reserve
accounts established by USEB pursuant to Section 4.01(a) and 4.02(a) of the Amendment to Indenture of Trust and Security Agreement dated as of April 8, 2004, between USEB, Countryside Canada Power, Inc. and certain other parties thereto.

 “Improvement Reserve Account” means the reserve account established by USEB pursuant to Section 4.01(c) and
Section 4.02(c) of the Amendment to Indenture of Trust and Security Agreement dated as of April 8, 2004, between USEB, Countryside Canada Power Inc. and certain other parties thereto. 
 “Increased Cost Lender” as defined in Section 2.20. 
 “Indebtedness,” as applied to any Person, means, without duplication, (i) all indebtedness for borrowed money; (ii) that portion of obligations with respect to Capital Leases that is
properly classified as a liability on a balance sheet in conformity with GAAP; (iii) all obligations of such Person evidenced by notes, bonds or similar instruments or upon which interest payments are customarily paid and all obligations in
respect of drafts accepted representing extensions of credit whether or not representing obligations for borrowed money; (iv) any obligation owed for all or any part of the deferred purchase price of property or services (excluding trade
payables incurred in the ordinary course of business having a term of less than six (6) months that are not overdue by more than sixty (60) days) which purchase price is (a) due more than six (6) months from the date of
incurrence of the obligation in respect thereof or (b) evidenced by a note or similar written instrument; (v) all obligations created or arising under any conditional sale or other title retention agreement with respect to property
acquired by such person, (vi) all indebtedness secured by any Lien on any property or asset owned or held by that Person regardless of whether the indebtedness secured thereby shall have been assumed by that Person or is nonrecourse to the
credit of that Person; (vii) the face amount of any letter of credit or letter of guaranty issued, bankers’ acceptances facilities, surety bond and similar credit transactions for the account of that Person or as to which that Person is
otherwise liable for reimbursement of drawings or drafts; (viii) the direct or indirect guaranty, endorsement (otherwise than for collection or deposit in the ordinary course of business), co-making, discounting with recourse or sale with
recourse by such Person of the obligation of another; (ix) any obligation of such Person the primary purpose or intent of which is to provide assurance to an obligee that the obligation of the obligor thereof will be paid or discharged, or any
agreement relating thereto will be complied with, or the holders thereof will be protected (in whole or in part) against loss in respect thereof; (x) any liability of such Person for an obligation of another through any agreement (contingent or
otherwise) (a) to purchase, repurchase or otherwise acquire such obligation or any security therefor, or to provide funds for the payment or 
  

 17 

 discharge of such obligation (whether in the form of loans, advances, stock purchases, capital contributions or
otherwise) or (b) to maintain the solvency or any balance sheet item, level of income or financial condition of another if, in the case of any agreement described under subclauses (a) or (b) of this clause (x), the primary purpose or
intent thereof is as described in clause (ix) above; (xi) all obligations of such Person in respect of any exchange traded or over the counter derivative transaction, whether entered into for hedging or speculative purposes; and
(xii) all obligations of such Person, contingent or otherwise, to purchase, redeem, retire or otherwise acquire for value any Capital Stock of such Person. The Indebtedness of any Person shall include the Indebtedness of any partnership or
joint venture in which such Person is a general partner or joint venturer, unless such Indebtedness is expressly non-recourse to such Person. 
 “Indemnified Liabilities” means, collectively, any and all liabilities, obligations, losses, damages (including natural resource damages), penalties, claims (including Environmental Claims), costs (including the costs of
any investigation, study, sampling, testing, abatement, cleanup, removal, remediation or other response action necessary to remove, remediate, clean up or abate any Hazardous Materials Activity), expenses and disbursements of any kind or nature
whatsoever (including the reasonable fees and disbursements of counsel for Indemnitees in connection with any investigative, administrative or judicial proceeding commenced or threatened by any Person, whether or not any such Indemnitee shall be
designated as a party or a potential party thereto, and any fees or expenses incurred by Indemnitees in enforcing this indemnity), whether direct, indirect or consequential and whether based on any federal, state or foreign laws, statutes, rules or
regulations (including securities and commercial laws, statutes, rules or regulations and Environmental Laws), on common law or equitable cause or on contract or otherwise, that may be imposed on, incurred by, or asserted against any such
Indemnitee, in any manner relating to or arising out of (i) this Agreement or the other Credit Documents or the transactions contemplated hereby or thereby (including the Lenders’ agreement to make Credit Extensions or the use or intended
use of the proceeds thereof, or any enforcement of any of the Credit Documents (including any sale of, collection from, or other realization upon any of the Collateral or the enforcement of the Guaranty)); (ii) the statements contained in the
commitment letter or proposal letter delivered by any Lender to Company or Holdings with respect to the transactions contemplated by this Agreement; or (iii) any Environmental Claim against or any Hazardous Materials Activity relating to or
arising from, directly or indirectly, any past or present activity, operation, land ownership, or practice of Holdings or any of its Subsidiaries, except, in each case, to the extent such liabilities, obligations, losses, damages, penalties, claims,
costs, expenses or disbursements are found in a final, non-appealable judgment by a court of competent jurisdiction to have resulted primarily from such Indemnitee’s gross negligence or willful misconduct. 
 “Indemnitee” as defined in Section 10.3(a). 
 “Indemnitee Agent Party” as defined in Section 9.6. 
 “Independent Natural Gas
Development Consultant” as defined in the GBGH Second Lien Credit Agreement. 
 “Intercreditor Agreement” means the
Collateral Agency and Intercreditor Agreement dated as of August 7, 2006, among GBGH, Credit Suisse, as first lien collateral agent and second lien collateral agent, Credit Suisse, as first lien administrative agent and second lien
administrative agent, Silver Point, as third lien administrative agent and third lien collateral agent, the guarantors party thereto, and the pledgors party thereto. 
  

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 “Interest Payment Date” means with respect to (i) any Base Rate Loan, (a) the
last day of each month, commencing on the first such date to occur after the Closing Date, and (b) the final maturity date of such Loan; and (ii) any LIBOR Rate Loan, the last day of each Interest Period applicable to such Loan.

 “Interest Period” means, in connection with a LIBOR Rate Loan, an interest period of one, two, or three months, as
selected by Company in the applicable Funding Notice or Conversion/Continuation Notice, (i) initially, commencing on the Closing Date or Conversion/Continuation Date thereof, as the case may be; and (ii) thereafter, commencing on the day
on which the immediately preceding Interest Period expires; provided, (a) if an Interest Period would otherwise expire on a day that is not a Business Day, such Interest Period shall expire on the next succeeding Business Day unless no
further Business Day occurs in such month, in which case such Interest Period shall expire on the immediately preceding Business Day; (b) any Interest Period that begins on the last Business Day of a calendar month (or on a day for which there
is no numerically corresponding day in the calendar month at the end of such Interest Period) shall, subject to clause (c) of this definition, end on the last Business Day of a calendar month; (c) no Interest Period with respect to any
portion of the Term Loan shall extend beyond the Term Loan Maturity Date. 
 “Interest Rate Determination Date” means, with
respect to any Interest Period, the date that is two Business Days prior to the first day of such Interest Period. 
 “Internal
Control Event” means a material weakness in, or fraud that involves management of Holdings, which fraud has a material effect on Holdings’ internal controls over public reporting, in each case as described in the Securities Laws.

 “Internal Revenue Code” means the Internal Revenue Code of 1986, as amended to the date hereof and from time to time
hereafter, and any successor statute. 
 “Investment” means (i) any direct or indirect purchase or other acquisition by
Holdings or any of its Subsidiaries of, or of a beneficial interest in, any of the Securities, obligations, or other interests of any other Person; (ii) any direct or indirect redemption, retirement, purchase or other acquisition for value, by
any Subsidiary of Holdings from any Person, of any Capital Stock of such Person; (iii) any direct or indirect loan, advance or capital contributions by Holdings or any of its Subsidiaries to any other Person, including all indebtedness and
accounts receivable from that other Person that are not current assets or did not arise from sales to that other Person in the ordinary course of business; and (iv) any direct or indirect Guarantee of any obligations of any other Person. The
amount of any Investment shall be the original cost of such Investment plus the cost of all additions thereto, without any adjustments for increases or decreases in value, or write-ups, write-downs or write-offs with respect to such
Investment. 
 “Joint Venture” means a joint venture, partnership or other similar arrangement, whether in corporate,
partnership or other legal form; provided, in no event shall any corporate Subsidiary of any Person be considered to be a Joint Venture to which such Person is a party. 
 “Kenmont” means Kenmont Special Opportunities Master Fund, L.P. 
 “Lead Arranger” as defined in the preamble hereto. 
  

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 “Lender” means each financial institution listed on the signature pages hereto as a
Lender, and any other Person that becomes a party hereto pursuant to an Assignment Agreement other than, following execution of an Assignment Agreement, any such Person that ceases to be a party hereto pursuant to an Assignment Agreement.

 “LIBOR Rate Loan” means a Loan bearing interest at a rate determined by reference to the Adjusted LIBOR Rate. 

“Lien” means (i) any lien, mortgage, pledge, assignment, security interest, charge or encumbrance of any kind (including any
agreement to give any of the foregoing, any conditional sale or other title retention agreement, and any lease in the nature thereof) and any option, trust or other preferential arrangement having the practical effect of any of the foregoing, and
(ii) in the case of Securities, any purchase option, call or similar right of a third party with respect to such Securities. 
 “Limited” as defined in Section 11.2. 
 “Loan” means a Term Loan. 
 “Madison” as defined in Section 11.4. 
 “Margin Stock” as defined in Regulation U of the Board of Governors of the Federal Reserve System as in effect from time to time. 
 “Material Adverse Effect” means a material adverse effect on and/or material adverse developments with respect to (i) the business
operations, properties, assets, condition (financial or otherwise) or prospects of Holdings and its Subsidiaries taken as a whole; (ii) the business operations, properties, assets, condition (financial or otherwise) or prospects of GBGH;
(iii) a significant portion of the industry or business segment in which Holding or its Subsidiaries operate or rely upon if such effect or development is reasonably likely to have a material adverse effect on Holdings and its Subsidiaries
taken as a whole; (iv) the ability of any Credit Party to fully and timely perform its Obligations; (v) the legality, validity, binding effect, or enforceability against a Credit Party of a Credit Document to which it is a party;
(vi) the Collateral or the Collateral Agent’s Liens (on behalf of itself and the Secured Parties) on the Collateral or the priority of such Liens; or (vi) the rights, remedies and benefits available to, or conferred upon, any Agent
and any Lender or any Secured Party under any Credit Document. 
 “Material Contract” means, collectively, (i) any
contract or other arrangement to which Holdings or any of its Subsidiaries is a party (other than the Credit Documents) for which breach, nonperformance, cancellation or failure to renew could reasonably be expected to have a Material Adverse Effect
and (ii) any agreement or instrument evidencing or governing Indebtedness. 
 “Moody’s” means Moody’s
Investor Services, Inc. 
 “Multiemployer Plan” means any Employee Benefit Plan which is a “multiemployer plan” as
defined in Section 3(37) of ERISA. 
 “NAIC” means The National Association of Insurance Commissioners, and any
successor thereto. 
 “Narrative Report” means, with respect to the financial statements for which such narrative report is
required, a narrative report describing the operations of Holdings and its 
  

 20 

 Subsidiaries in the form prepared for presentation to senior management thereof for the applicable month, Fiscal Quarter
or Fiscal Year and for the period from the beginning of the then current Fiscal Year to the end of such period to which such financial statements relate with comparison to and variances from the immediately preceding period and budget. 

“Net Asset Sale Proceeds” means, with respect to any Asset Sale, an amount equal to: (i) the sum of Cash payments and Cash
Equivalents received by Holdings or any of its Subsidiaries from such Asset Sale (including any Cash or Cash Equivalents received by way of deferred payment pursuant to, or by monetization of, a note receivable or otherwise, but only as and when so
received but excluding any Cash or Cash Equivalents received from any Asset Sale permitted by Section 6.6(a) and (b)), minus (ii) any bona fide direct costs incurred in connection with such Asset Sale, including (a) income or
gains taxes paid or payable by the seller as a result of any gain recognized in connection with such Asset Sale during the tax period the sale occurs (after taking into account any available tax credits or deductions and any tax-sharing
arrangements), (b) payment of the outstanding principal amount of, premium or penalty, if any, and interest on any Indebtedness (other than the Loans) that is secured by a Lien on the stock or assets in question and that is required to be
repaid under the terms thereof as a result of such Asset Sale, and (c) a reasonable reserve for any indemnification payments (fixed or contingent) attributable to seller’s indemnities and representations and warranties to purchaser in
respect of such Asset Sale undertaken by Holdings or any of its Subsidiaries in connection with such Asset Sale; provided that upon release of any such reserve, the amount released shall be considered Net Asset Sale Proceeds). 
 “Net Insurance/Condemnation Proceeds” means an amount equal to: (i) any Cash payments or proceeds received by Holdings or any of
its Subsidiaries (a) under any casualty or “key man” insurance policies in respect of any covered loss thereunder, or (b) as a result of the taking of any assets of Holdings or any of its Subsidiaries by any Person pursuant to
the power of eminent domain, condemnation or otherwise, or pursuant to a sale of any such assets to a purchaser with such power under threat of such a taking, minus (ii) (a) any actual and reasonable costs incurred by Holdings or
any of its Subsidiaries in connection with the adjustment or settlement of any claims of Holdings or such Subsidiary in respect thereof, and (b) any bona fide direct costs incurred in connection with any sale of such assets as referred to in
clause (i)(b) of this definition, including income taxes paid or payable as a result of any gain recognized in connection therewith (after taking into account any available tax credits or deductions and any tax-sharing arrangements). 
 “Non-U.S. Lender” as defined in Section 2.17(e). 
 “Note” means a Term Loan Note. 
 “Notice” means a Funding Notice or a
Conversion/Continuation Notice. 
 “Obligations” means all liabilities and obligations of every nature of each Credit Party
and its Subsidiaries from time to time owed to the Agents (including former Agents), the Lenders or any of them, whether for principal, interest (including interest which, but for the filing of a petition in bankruptcy with respect to such Credit
Party, would have accrued on any Obligation, whether or not a claim is allowed against such Credit Party for such interest in the related bankruptcy proceeding), fees, expenses, indemnification, liquidated damages or otherwise and whether primary,
secondary, direct, indirect, contingent, fixed or otherwise (including obligations of performance), including, without limitation, all obligations under this Agreement, the Fee Letter, and all other Credit Documents. 
  

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 “Obligee Guarantor” as defined in Section 7.6. 
 “Organizational Documents” means (i) with respect to any corporation, its certificate or articles of incorporation or organization,
as amended, and its by laws, as amended, (ii) with respect to any limited partnership, its certificate of limited partnership, as amended, and its partnership agreement, as amended, (iii) with respect to any general partnership, its
partnership agreement, as amended, and (iv) with respect to any limited liability company, its articles of organization, as amended, and its operating agreement, as amended. In the event any term or condition of this Agreement or any other
Credit Document requires any Organizational Document to be certified by a secretary of state or similar governmental official, the reference to any such “Organizational Document” shall only be to a document of a type customarily certified
by such governmental official. 
 “Other Taxes” means any and all present or future stamp, registration, recording, filing,
transfer, documentary, excise or property Taxes, charges or similar levies arising from any payment made hereunder or from the execution, delivery or enforcement of, or otherwise with respect to or in connection with, any Credit Document.

 “Patriot Act” means the Uniting and Strengthening America by Providing Appropriate Tools Required to Intercept and
Obstruct Terrorism (USA Patriot Act of 2001). 
 “PBGC” means the Pension Benefit Guaranty Corporation or any successor
thereto. 
 “Pension Plan” means any Employee Benefit Plan, other than a Multiemployer Plan, which is subject to
Section 412 of the Internal Revenue Code or Section 302 of ERISA. 
 “Permitted Indebtedness” means each
Indebtedness permitted pursuant to Section 6.1. 
 “Permitted Liens” means each Lien permitted pursuant to
Section 6.2. 
 “Person” means and includes natural persons, corporations, limited partnerships, general partnerships,
limited liability companies, limited liability partnerships, joint stock companies, Joint Ventures, associations, companies, trusts, banks, trust companies, land trusts, business trusts or other organizations, whether or not legal entities, and
Governmental Authorities. 
 “Platform” as defined in Section 9.9(b). 
 “Pledge and Security Agreement” means the Pledge and Security Agreement to be executed by Company and Guarantor substantially in the
form of Exhibit H-1, as it may be amended, supplemented or otherwise modified from time to time. 
 “Prime Rate” means the
rate of interest quoted by JPMorgan Chase Bank, N.A. as the Prime Rate (currently defined as the base rate on corporate loans posted by at least seventy five percent (75%) of the nation’s thirty (30) largest banks), as in effect from
time to time. The Prime Rate is a reference rate and does not necessarily represent the lowest or best rate actually charged to any customer. Any Agent or any other Lender may make commercial loans or other loans at rates of interest at, above or
below the Prime Rate. 
  

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 “Principal Office” means, for Administrative Agent, such Person’s “Principal
Office” as set forth on Appendix B, or such other office as such Person may from time to time designate in writing to Company, Administrative Agent and each Lender. 
 “Project” means collectively, the Acquisition and the Expansion, each as defined in the GBGH Debt. 
 “Projections” as defined in Section 4.8. 
 “Pro Rata Share” means with respect to all
payments, computations and other matters relating to the Term Loan of any Lender, the percentage obtained by dividing (a) the Term Loan Exposure of that Lender, by (b) the aggregate Term Loan Exposure of all Lenders. 
 “Quarterly Expenses” means, for the Fiscal Quarter for which such calculation is made for Holdings, the amount reserved for quarterly
operating and administrative expenses in the Financial Plan such that the total amount on deposit in such reserve does not exceed the lesser of (i) 105% of such expenses for the previous Fiscal Quarter or (ii) $800,000. 
 “Register” as defined in Section 2.4(b). 
 “Regulation D” means Regulation D of the Board of Governors of the Federal Reserve System, as in effect from time to time. 
 “Related Agreements” means, collectively, agreements relating to the Project (as of the date hereof and as amended or modified pursuant
to Section 6.11) and the GBGH Debt (as of the date hereof and as amended or modified pursuant to Section 6.17) as set forth on Schedule 4.24. 
 “Related Fund” means, with respect to any Lender that is an investment fund, any other investment fund that invests in commercial loans and that is managed or advised by the same investment advisor as
such Lender or by an Affiliate of such investment advisor. With respect to Silver Point, Related Fund shall also include any swap, special purpose vehicles purchasing or acquiring security interests in collateralized loan obligations or any other
vehicle through which Silver Point may leverage its investments from time to time. 
 “Release” means any release, spill,
emission, leaking, pumping, pouring, injection, escaping, deposit, disposal, discharge, dispersal, dumping, leaching or migration of any Hazardous Material into the indoor or outdoor environment (including the abandonment or disposal of any barrels,
containers or other closed receptacles containing any Hazardous Material), including the movement of any Hazardous Material through the air, soil, surface water or groundwater. 
 “Replacement Lender” as defined in Section 2.20. 
 “Requisite Lenders” means one or more Lenders having or holding Term Loan Exposure and representing more than fifty percent (50%) of the sum of the aggregate Term Loan Exposure of all Lenders.

 “Reserve Report” means the reserve report or certificate required to be delivered under Section 5.1(s). 

“Restricted Payment” means, with respect to any Person, the declaration or payment of distributions, dividends, or other similar
payment made in cash, property, obligations, or other securities after the Closing Date to any of its Affiliates. 
  

 23 

 “RGS” as defined in Section 11.4. 
 “S&P” means Standard & Poor’s Ratings Group, a division of The McGraw Hill Corporation. 
 “Secured Parties” has the meaning assigned to that term in the Pledge and Security Agreement. 
 “Securities” means any stock, shares, partnership interests, voting trust certificates, certificates of interest or participation in any
profit-sharing agreement or arrangement, options, warrants, bonds, debentures, notes, or other evidences of indebtedness, secured or unsecured, convertible, subordinated or otherwise, or in general any instruments commonly known as
“securities” or any certificates of interest, shares or participations in temporary or interim certificates for the purchase or acquisition of, or any right to subscribe to, purchase or acquire, any of the foregoing. 
 “Securities Account” has the meaning assigned to that term in the Pledge and Security Agreement. 
 “Securities Act” means the Securities Act of 1933, as amended from time to time, and any successor statute. 
 “Securities Laws” means the Securities Act, the Exchange Act, Sarbanes-Oxley Act of 2002 and the applicable accounting and auditing
principles, rules, standards and practices promulgated, approved or incorporated by the Securities and Exchange Commission or the Public Company Accounting Oversight Board, as each of the foregoing may be amended and in effect on any applicable date
hereunder. 
 “Shareholder Vote” means the meeting, including any adjournment or postponement thereof, of the shareholders
of Holdings at which the requisite quorum is present and approval of the issuance of Common Stock of Holdings under the terms of the Warrants is put to a vote of such shareholders. 
 “Silver Point” as defined in the preamble hereto. 
 “Solvency Certificate” means a Solvency Certificate of the chief financial officer of Holdings substantially in the form of Exhibit G-2. 
 “Solvent” means, with respect to any Credit Party, that as of the date of determination, both (i) (a) the sum of such Credit
Party’s debt and liabilities (including contingent liabilities) does not exceed the present fair saleable value of such Credit Party’s present assets; (b) such Credit Party’s capital is not unreasonably small in relation to its
business as contemplated on the Closing Date and reflected in the Projections or with respect to any transaction contemplated or undertaken after the Closing Date; and (c) such Person has not incurred and does not intend to incur, or believe
(nor should it reasonably believe) that it will incur, debts beyond its ability to pay such debts as they become due (whether at maturity or otherwise); and (ii) such Person is “solvent” within the meaning given that term and similar
terms under applicable laws relating to fraudulent transfers and conveyances. For purposes of this definition, the amount of any contingent liability at any time shall be computed as the amount that, in light of all of the facts and circumstances
existing at such time, represents the amount that can reasonably be expected to become an actual or matured liability (irrespective of whether such contingent liabilities meet the criteria for accrual under Statement of Financial Accounting Standard
No. 5). 
  

 24 

 “SPC” as defined in Section 10.7. 
 “Sponsor Funding Account” means an account at Citibank, N.A., in the name of “GBGH, LLC—Sponsor Funding” (A/C:
3200494862; ABA: 266086554). 
 “Subsidiary” means, with respect to any Person, any corporation, partnership, limited
liability company, association, joint venture or other business entity of which more than fifty percent (50%) of the total voting power of shares of stock or other ownership interests entitled (without regard to the occurrence of any
contingency) to vote in the election of the Person or Persons (whether directors, managers, trustees or other Persons performing similar functions) having the power to direct or cause the direction of the management and policies thereof is at the
time owned or controlled, directly or indirectly, by that Person or one or more of the other Subsidiaries of that Person or a combination thereof; provided, in determining the percentage of ownership interests of any Person controlled by
another Person, no ownership interest in the nature of a “qualifying share” of the former Person shall be deemed to be outstanding. 
 “Syndication Agent” as defined in the preamble hereto. 
 “Tax” means any present or future tax,
levy, impost, duty, assessment, charge, fee, deduction or withholding of any nature and whatever called, by whomsoever, on whomsoever and wherever imposed, levied, collected, withheld or assessed; provided, “Tax on the overall net
income” of a Person shall be construed as a reference to a tax imposed by the jurisdiction in which that Person is organized or in which that Person’s applicable principal office (and/or, in the case of a Lender, its lending office) is
located or in which that Person (and/or, in the case of a Lender, its lending office) is deemed to be doing business (other than a jurisdiction in which such Person is treated as doing business as a result of its entering into any Credit Document or
its participation in the transactions governed thereby) on all or part of the net income, profits or gains (whether worldwide, or only insofar as such income, profits or gains are considered to arise in or to relate to a particular jurisdiction, or
otherwise) of that Person (and/or, in the case of a Lender, its applicable lending office) and including, without limitation, all franchise and branch profits taxes. 
 “Tax-Related Person” means by Person (including a beneficial owner of an interest in a pass-through entity) whose income is realized through or determined by reference to an Agent, a Lender or
Participant or any Tax Related Person of any of the foregoing. 
 “Term Loan” as defined in Section 2.1(a). 

“Term Loan Commitment” means the commitment of a Lender to make or otherwise fund a Term Loan and “Term Loan
Commitments” means such commitments of all Lenders in the aggregate. The amount of each Lender’s Term Loan Commitment, if any, is set forth on Appendix A or in the applicable Assignment Agreement, subject to any adjustment or reduction
pursuant to the terms and conditions hereof. The aggregate amount of the Term Loan Commitments as of the Closing Date is $23,335,051.45. 
 “Term Loan Exposure” means, with respect to any Lender, as of any date of determination, the outstanding principal amount of the Term Loans of such Lender; provided, at any time prior to the making of the Term Loans,
the Term Loan Exposure of any Lender shall be equal to such Lender’s Term Loan Commitment. 
  

 25 

 “Term Loan Maturity Date” means the earliest of (i) February 7, 2014,
(ii) the date on which GBGH’s existing second lien credit facility is paid in full and (iii) the date on which all Term Loans shall become due and payable in full hereunder, whether by acceleration pursuant to Section 8.1 or
otherwise. 
 “Term Loan Note” means a promissory note in the form of Exhibit B, as it may be amended, supplemented or
otherwise modified from time to time. 
 “Terminated Lender” as defined in Section 2.20. 
 “Terrorism Laws” means any of the following (a) Executive Order 13224 issued by the President of the United States, (b) the
Terrorism Sanctions Regulations (Title 31 Part 595 of the U.S. Code of Federal Regulations), (c) the Terrorism List Governments Sanctions Regulations (Title 31 Part 596 of the U.S. Code of Federal Regulations), (d) the Foreign Terrorist
Organizations Sanctions Regulations (Title 31 Part 597 of the U.S. Code of Federal Regulations), (e) the Patriot Act (as it may be subsequently codified), (f) all other present and future legal requirements of any Governmental Authority
addressing, relating to, or attempting to eliminate, terrorist acts and acts of war and (g) any regulations promulgated pursuant thereto or pursuant to any legal requirements of any Governmental Authority governing terrorist acts or acts of
war. 
 “Third Lien Pledge Agreement” means Third Lien Pledge Agreement to be executed by Company substantially in the form
of Exhibit H-2, as it may be amended, supplemented or otherwise modified from time to time. 
 “Transactions” means
collectively, the GBGH Debt and the Project. 
 “Transaction Costs” means the fees, costs and expenses payable by Holdings,
Company or any of their Subsidiaries on or before the Closing Date in connection with the transactions contemplated by the Credit Documents and the Related Agreements. 
 “Type of Loan” means with respect to Term Loans, a Base Rate Loan or a LIBOR Rate Loan. 
 “UCC” means the Uniform Commercial Code (or any similar or equivalent legislation) as in effect in any applicable jurisdiction. 
 “USEB” means U.S. Energy Biogas Corp., a Delaware corporation. 
 “USEB Debt Service
Reserve Account” means the debt service reserve accounts established by USEB pursuant to Section 4.01(b) and 4.02(b) of the Amendment to Indenture of Trust and Security Agreement dated as of April 8, 2004, between USEB,
Countryside Canada Power, Inc. and certain other parties thereto. 
 “Viking BV” as defined in Section 11.6.

 “Viking Petro” as defined in Section 11.4. 
 “Viking UK Gas” as defined in Section 11.6. 
 “VIP” as defined in Section 11.1. 
 “Warrant” means each Warrant
dated as of August 7, 2006, and signed by Holdings. 
  

 26 

 “Warrant Agreement” means the Warrant Purchase Agreement dated as of August 7,
2006, by and between Holdings, SPCP Group, L.L.C., and SPCP Group III LLC, as amended or modified. 
 1.2 Accounting Terms 

Except as otherwise expressly provided herein, all accounting terms not otherwise defined herein shall have the meanings assigned to them in conformity with GAAP.
Financial statements and other information required to be delivered by Holdings to Lenders pursuant to Section 5.1(a), 5.1(b) and 5.1(c) shall be prepared in accordance with GAAP as in effect at the time of such preparation (and delivered
together with the reconciliation statements provided for in Section 5.1(e), if applicable). Subject to the foregoing, calculations in connection with the definitions, covenants and other provisions hereof shall utilize accounting principles and
policies in conformity with those used to prepare the Historical Financial Statements. 
 1.3 Interpretation, etc 
 Any of the terms defined herein may, unless the context otherwise requires, be used in the singular or the plural, depending on the reference. References herein to any
Section, Appendix, Schedule or Exhibit shall be to a Section, an Appendix, a Schedule or an Exhibit, as the case may be, hereof unless otherwise specifically provided. The use herein of the word “include” or “including,” when
following any general statement, term or matter, shall not be construed to limit such statement, term or matter to the specific items or matters set forth immediately following such word or to similar items or matters, whether or not no limiting
language (such as “without limitation” or “but not limited to” or words of similar import) is used with reference thereto, but rather shall be deemed to refer to all other items or matters that fall within the broadest possible
scope of such general statement, term or matter. 
 SECTION 2. LOANS AND LETTERS OF CREDIT 
 2.1 Term Loans. 
 (a) Loan
Commitments 
 Subject to the terms and conditions hereof, each Lender severally agrees to make, on the Closing Date, a term loan (each, a “Term
Loan”) to Company in an amount equal to such Lender’s Term Loan Commitment. Company may make only one borrowing under the Term Loan Commitment which shall be made on the Closing Date. Any amount borrowed under this Section 2.1(a)
and subsequently repaid or prepaid may not be reborrowed. Subject to Sections 2.9, 2.10 and 2.11, all amounts owed hereunder with respect to the Term Loans shall be paid in full no later than the Term Loan Maturity Date. Each Lender’s Term Loan
Commitment (including any unused Term Loan Commitment) shall terminate immediately and without further action on the Closing Date after giving effect to the funding of the Term Loans on such date. 
  

 27 

 (b) Borrowing Mechanics for Term Loans. 
 (i) Company shall deliver to Administrative Agent a fully executed Funding Notice no later than three (3) Business Days prior to the
Closing Date with respect to Term Loans made on the Closing Date. Promptly upon receipt by Administrative Agent of such Funding Notice, Administrative Agent shall notify each Lender of the proposed borrowing. Administrative Agent and Lenders may act
without liability upon the basis of written, telecopied or telephonic notice believed by Administrative Agent in good faith to be from Company (or from any Authorized Officer thereof designated in writing purportedly from Company to Administrative
Agent). Administrative Agent and each Lender shall be entitled to rely conclusively on any Authorized Officer’s authority to request a Term Loan on behalf of Company until Administrative Agent receives written notice to the contrary.
Administrative Agent and Lenders shall have no duty to verify the authenticity of the signature appearing on any written Funding Notice. 
 (ii) Each Lender shall make its Term Loan available to Administrative Agent not later than 12:00 p.m. (New York City time) on the Closing Date, by wire transfer of same day funds in Dollars, to Administrative
Agent’s Account. Upon satisfaction or waiver of the conditions precedent specified herein, Administrative Agent shall make the proceeds of the Term Loans available to Company on the Closing Date by causing an amount of same day funds in Dollars
equal to the proceeds of all such Loans received by Administrative Agent from Lenders to be credited to the Sponsor Funding Account or such other account as may be designated in writing to Administrative Agent by Company. 
 2.2 Pro Rata Shares 
 All Loans shall be made, and all
participations purchased, by Lenders simultaneously and proportionately to their respective Pro Rata Shares, it being understood that no Lender shall be responsible for any default by any other Lender in such other Lender’s obligation to make a
Loan requested hereunder or purchase a participation required hereby nor shall any Term Loan Commitment of any Lender be increased or decreased as a result of a default by any other Lender in such other Lender’s obligation to make a Loan
requested hereunder or purchase a participation required hereby. 
 2.3 Use of Proceeds 
 The proceeds of the Term Loans made on the Closing Date shall be applied by Company (i) to make an equity contribution in GBGH, which GBGH will use in part to
finance the acquisition and development of the Assets, (ii) to finance general corporate purposes, and (iii) to pay fees and expenses associated with the transactions contemplated by the Credit Documents and the Related Agreements. No
portion of the proceeds of any Credit Extension shall be used in any manner that causes or might cause such Credit Extension or the application of such proceeds to violate Regulation T, Regulation U or Regulation X of the Board of Governors of the
Federal Reserve System or any other regulation thereof or to violate the Exchange Act. 
  

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 2.4 Evidence of Debt; Register; Lenders’ Books and Records; Notes. 
 (a) Lenders’ Evidence of Debt 
 Each Lender shall
maintain on its internal records an account or accounts evidencing the Obligations of Company to such Lender, including the amounts of the Loans made by it and each repayment and prepayment in respect thereof. Any such recordation shall be
conclusive and binding on Company, absent manifest error; provided, that the failure to make any such recordation, or any error in such recordation, shall not affect Company’s Obligations in respect of any applicable Loans; and provided
further, in the event of any inconsistency between the Register and any Lender’s records, the recordations in the Register shall govern. 
 (b) Register 
 Administrative Agent shall maintain at its Principal Office a register for the recordation of the names and addresses of
Lenders and Loans of each Lender from time to time (the “Register”). The Register shall be available for inspection by Company or any Lender at any reasonable time and from time to time upon reasonable prior notice. Administrative
Agent shall record in the Register the Loans, and each repayment or prepayment in respect of the principal amount of the Loans, and any such recordation shall be conclusive and binding on Company and each Lender, absent manifest error;
provided, failure to make any such recordation, or any error in such recordation, shall not affect Company’s Obligations in respect of any Loan. Company hereby designates the entity serving as Administrative Agent to serve as
Company’s agent solely for purposes of maintaining the Register as provided in this Section 2.4, and Company hereby agrees that, to the extent such entity serves in such capacity, the entity serving as Administrative Agent and its
officers, directors, employees, agents and affiliates shall constitute “Indemnitees.” 
 (c) Notes 
 If so requested by any Lender by written notice to Company (with a copy to Administrative Agent) at least two (2) Business Days prior to the Closing Date, or at any
time thereafter, Company shall execute and deliver to such Lender (and/or, if applicable and if so specified in such notice, to any Person who is an assignee of such Lender pursuant to Section 10.6) on the Closing Date (or, if such notice is
delivered after the Closing Date, promptly after Company’s receipt of such notice) a Note or Notes to evidence such Lender’s Term Loan. 
 2.5 Interest on Loans. 
 (a) Except as otherwise set forth herein, the Term Loan shall bear interest on the unpaid principal
amount thereof from the date made through repayment (whether by acceleration or otherwise) thereof as follows: 
 (i) if a
Base Rate Loan, at the Base Rate plus the Applicable Margin; or 
 (ii) if a LIBOR Rate Loan, at the Adjusted LIBOR Rate plus
the Applicable Margin. 
  

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 (b) The basis for determining the rate of interest with respect to any Loan, and the Interest Period
with respect to any LIBOR Rate Loan, shall be selected by Company and notified to Administrative Agent and Lenders pursuant to the applicable Funding Notice or Conversion/Continuation Notice, as the case may be. If on any day a Loan is outstanding
with respect to which a Funding Notice or Conversion/Continuation Notice has not been delivered to Administrative Agent in accordance with the terms hereof specifying the applicable basis for determining the rate of interest, then for that day such
Loan shall be a Base Rate Loan. 
 (c) In connection with LIBOR Rate Loans there shall be no more than one (1) Interest Period
outstanding at any time. In the event Company fails to specify between a Base Rate Loan or a LIBOR Rate Loan in the applicable Funding Notice or Conversion/Continuation Notice, such Loan (if outstanding as a LIBOR Rate Loan) will be automatically
converted into a Base Rate Loan on the last day of the then current Interest Period for such Loan (or if outstanding as a Base Rate Loan will remain as, or (if not then outstanding) will be made as, a Base Rate Loan). In the event Company fails to
specify an Interest Period for any LIBOR Rate Loan in the applicable Funding Notice or Conversion/Continuation Notice, Company shall be deemed to have selected an Interest Period of one month. As soon as practicable after 10:00 a.m. (New York City
time) on each Interest Rate Determination Date, Administrative Agent shall determine (which determination shall, absent manifest error, be final, conclusive and binding upon all parties) the interest rate that shall apply to the LIBOR Rate Loans for
which an interest rate is then being determined for the applicable Interest Period and shall promptly give notice thereof (in writing or by telephone confirmed in writing) to Company and each Lender. 
 (d) Interest payable pursuant to Section 2.5(a) shall be computed on the basis of a 360 day year with respect to LIBOR Rate Loans and 365 day year
with respect to Base Rate Loans, in each case for the actual number of days elapsed in the period during which it accrues. In computing interest on any Loan, the date of the making of such Loan or the first day of an Interest Period applicable to
such Loan or, with respect to a Base Rate Loan being converted from a LIBOR Rate Loan, the date of conversion of such LIBOR Rate Loan to such Base Rate Loan, as the case may be, shall be included, and the date of payment of such Loan or the
expiration date of an Interest Period applicable to such Loan or, with respect to a Base Rate Loan being converted to a LIBOR Rate Loan, the date of conversion of such Base Rate Loan to such LIBOR Rate Loan, as the case may be, shall be excluded;
provided, if a Loan is repaid on the same day on which it is made, one day’s interest shall be paid on that Loan. 
 (e) Except
as otherwise set forth herein, interest on each Loan shall be payable in arrears (i) upon any prepayment of that Loan, whether voluntary or mandatory, to the extent accrued on the amount being prepaid, and (ii) at maturity, including final
maturity. Notwithstanding any of the foregoing to the contrary, accrued interest payable on any Term Loans shall be added to the outstanding principal amount of the Term Loans as of the last day of each month for Base Rate Loans and as of the end of
each Interest Period for LIBOR Rate Loans. Amounts representing accrued interest which are added to the outstanding principal of Term Loans accruing such interest and shall thereafter bear interest in accordance with Section 2.5(a) and
otherwise be treated as Term Loans for purposes of this Agreement. 
  

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 2.6 Conversion/Continuation. 
 (a) Subject to Section 2.15 and so long as no Default or Event of Default shall have occurred and then be continuing, Company shall have the option:

 (i) to convert at any time all or any part of any Term Loan equal to $500,000 and integral multiples of $100,000 in excess
of that amount from one Type of Loan to another Type of Loan; provided, a LIBOR Rate Loan may only be converted on the expiration of the Interest Period applicable to such LIBOR Rate Loan unless Company shall pay all amounts due under
Section 2.15 in connection with any such conversion; or 
 (ii) upon the expiration of any Interest Period applicable to
any LIBOR Rate Loan, to continue all or any portion of such Loan equal to $500,000 and integral multiples of $100,000 in excess of that amount as a LIBOR Rate Loan. 
 (b) Company shall deliver a Conversion/Continuation Notice to Administrative Agent no later than 10:00 a.m. (New York City time) at least one Business Day in advance of the proposed conversion date (in the case of a
conversion to a Base Rate Loan) and at least three (3) Business Days in advance of the proposed conversion/continuation date (in the case of a conversion to, or a continuation of, a LIBOR Rate Loan). Except as otherwise provided herein, a
Conversion/Continuation Notice for conversion to, or continuation of, any LIBOR Rate Loans (or telephonic notice in lieu thereof) shall be irrevocable on and after the related Interest Rate Determination Date, and Company shall be bound to effect a
conversion or continuation in accordance therewith. 
 2.7 Default Interest. 
 Upon the occurrence and during the continuance of an Event of Default, the principal amount of all Loans outstanding and, to the extent permitted by applicable
law, any interest payments on the Loans or any fees or other amounts owed hereunder, shall thereafter bear interest (including post petition interest in any proceeding under the Bankruptcy Code or other applicable bankruptcy laws) payable on demand
at a rate that is two percent (2%) per annum in excess of the interest rate otherwise payable hereunder with respect to the applicable Loans (or, in the case of any such fees and other amounts, at a rate which is two percent (2%) per annum
in excess of the interest rate otherwise payable hereunder for Base Rate Loans); provided, in the case of LIBOR Rate Loans, upon the expiration of the Interest Period in effect at the time any such increase in interest rate is effective such LIBOR
Rate Loans shall thereupon become Base Rate Loans and shall thereafter bear interest payable upon demand at a rate which is two percent (2%) per annum in excess of the interest rate otherwise payable hereunder for Base Rate Loans. Payment or
acceptance of the increased rates of interest provided for in this Section 2.7 is not a permitted alternative to timely payment and shall not constitute a waiver of any Event of Default or otherwise prejudice or limit any rights or remedies of
Administrative Agent or any Lender. 
  

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 2.8 Fees. Company agrees to pay to Agents all fees specified in the Fee Letter in the amounts and
at the times specified therein and to Agents and such other fees in the amounts and at the times separately agreed upon. 
 2.9 Scheduled
Payments. The principal amounts of the Term Loans shall be repaid in full on the Term Loan Maturity Date. Notwithstanding the foregoing, (x) such payment on the Term Loan Maturity Date shall be reduced in connection with any voluntary or
mandatory prepayments of the Term Loan, in accordance with Sections 2.10 and 2.11, as applicable; and (y) all other amounts owed hereunder with respect to the Term Loans, shall, in any event, be paid in full no later than the Term Loan Maturity
Date. 
 2.10 Voluntary Prepayments. Prior to the Shareholder Vote, Company may not prepay any Loans except as set forth in
Section 2.11 hereof. Any time and from time to time on and after the Shareholder Vote: 
 (a) with respect to Base Rate Loans, Company
may prepay any such Loans on any Business Day in whole or in part, in an aggregate minimum amount of $500,000 and integral multiples of $100,000 in excess of that amount; and 
 (b) with respect to LIBOR Rate Loans, Company may prepay any such Loans on any Business Day in whole or in part (together with any amounts due pursuant
to Section 2.15(c)) in an aggregate minimum amount of $500,000 and integral multiples of $100,000 in excess of that amount. 
 (c) All
such prepayments shall be made: 
 (i) upon not less than one Business Day’s prior written or telephonic notice in the
case of Base Rate Loans; and 
 (ii) upon not less than three (3) Business Days’ prior written or telephonic notice
in the case of LIBOR Rate Loans, 
 in each case given to Administrative Agent by 12:00 p.m. (New York City time) on the date required and, if given by
telephone, promptly confirmed in writing to Administrative Agent (and Administrative Agent will promptly transmit such telephonic or original notice for Term Loans by telefacsimile or telephone to each Lender). Upon the giving of any such notice,
the principal amount of the Loans specified in such notice shall become due and payable on the prepayment date specified therein. Any such voluntary prepayment shall be applied as specified in Section 2.12. 
 2.11 Mandatory Prepayments. 
 (a)
Asset Sales. No later than the first Business Day following the date of receipt by Holdings or any of its Subsidiaries of any Net Asset Sale Proceeds, Company shall prepay the Loans in an aggregate amount equal to such Net Asset Sale
Proceeds, minus any such 
  

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 Net Asset Sale Proceeds required to be applied to repaying the Countryside Debt or the GBGH Debt; provided,
(i) so long as no Default or Event of Default shall have occurred and be continuing, and (ii) to the extent that aggregate Net Asset Sale Proceeds from the Closing Date through the applicable date of determination do not exceed $500,000,
Company shall have the option, directly or through one or more of its Subsidiaries, to invest Net Asset Sale Proceeds within one hundred eighty (180) days of receipt thereof in long term productive assets of the general type used in the
business of Holdings and its Subsidiaries; and further provided that this Section 2.11(a) shall apply to Net Asset Sale Proceeds for USEB and its Subsidiaries only on or after the Distribution Date. 
 (b) Insurance/Condemnation Proceeds. No later than the first Business Day following the date of receipt by Holdings or any of its Subsidiaries,
or Administrative Agent as loss payee, of any Net Insurance/Condemnation Proceeds, Company shall prepay the Loans in an aggregate amount equal to such Net Insurance/Condemnation Proceeds, minus any such Net Insurance/Condemnation Proceeds
(i) required to be applied to repaying the Countryside Debt or the GBGH Debt and (ii) otherwise applied pursuant to Section 7.11 and 7.12 of the Intercreditor Agreement; provided that this Section 2.11(b) shall apply to
Net Insurance/Condemnation Proceeds for USEB and its Subsidiaries only on or after the Distribution Date.  
 (c) Issuance of
Equity Securities. On the date of receipt by Holdings or any of its Subsidiaries of any Cash proceeds from a capital contribution to, or the issuance of any Capital Stock of, Holdings or any of its Subsidiaries (other than Capital Stock issued
pursuant to any employee stock or stock option compensation plan), Company shall prepay the Loans in an aggregate amount equal to one hundred percent (100%) of such proceeds, net of underwriting discounts and commissions and other reasonable
costs and expenses associated therewith, including reasonable legal fees and expenses (collectively, the “net proceeds”); provided that, notwithstanding anything to the contrary herein, in the event of any issuance of any Capital
Stock of Holdings, Company shall prepay the Loans in an aggregate amount equal to fifty percent (50%) of such net proceeds from such issuances in excess of the first $3,000,000 of such net proceeds received from such issuances; and
provided further that this Section 2.11(c) shall not apply to Cash proceeds from a capital contribution to Subsidiaries of USEB made prior to the Distribution Date. 
 (d) Adjusted Cash Flow. (i) In the event that Holdings shall have received any Cash Flow after the Closing Date, Company shall immediately
prepay the Loans in an aggregate amount equal to one hundred percent (100%) of such Cash Flow, less any Quarterly Expenses, and (ii) in the event that Company shall have received any Cash Flow after the Closing Date, Company shall
immediately prepay the Loans in an aggregate amount equal to one hundred percent (100%) of such Cash Flow. 
 (e) Extraordinary
Receipts. No later than the first Business Day following the date of receipt by Holdings or any of its Subsidiaries of any Extraordinary Receipts, Company shall prepay the Loans in an aggregate amount equal to such Extraordinary Receipts;
provided, however, that this Section 2.11(e) shall apply to Extraordinary Receipts for USEB and its Subsidiaries only on or after the Distribution Date. 
  

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 (f) Prepayment Certificate. Concurrently with any prepayment of the Loans pursuant to Sections
2.11(a)-(e), Company shall deliver to Administrative Agent a certificate of an Authorized Officer demonstrating the calculation of the amount of the applicable net proceeds, Cash Flow or other applicable financial tests or proceeds giving rise to
the prepayment, as the case may be. In the event that Company shall subsequently determine that the actual amount received exceeded the amount set forth in such certificate, Company shall promptly make an additional prepayment of the Loans in an
amount equal to such excess, and Company shall concurrently therewith deliver to Administrative Agent a certificate of an Authorized Officer demonstrating the derivation of such excess. 
 2.12 Application of Prepayments. 
 (a) Application of Voluntary Prepayments of Loans. Any voluntary prepayment of any Term Loan pursuant to Section 2.10 shall be applied to repay outstanding Term Loans. 
 (b) Application of Mandatory Prepayments. Any mandatory prepayment of any Loan pursuant to Section 2.11 shall be applied as follows:

 first, to the payment of all expenses and fees to the full extent thereof; 
 second, to the payment of any accrued interest at the Default Rate, if any; 
 third, to the payment of any accrued interest (other than Default Rate interest); and 
 fourth, to prepay Term Loans. 
 (c) Application of Prepayments of Loans to Base Rate Loans and LIBOR Rate Loans. Any prepayment thereof shall be applied first to Base Rate Loans to the full extent thereof before application to LIBOR Rate
Loans, in each case in a manner which minimizes the amount of any payments required to be made by Company pursuant to Section 2.15(c). 
 2.13 General Provisions Regarding Payments. 
 (a) All payments by Company of principal, interest, fees and other Obligations
shall be made in Dollars in same day funds, without recoupment, setoff, counterclaim or other defense free of any restriction or condition, and delivered to Administrative Agent not later than 12:00 p.m. (New York City time) on the date due to
Administrative Agent’s Account for the account of Lenders; funds received by Administrative Agent after that time on such due date shall be deemed to have been paid by Company on the next Business Day. 
 (b) All payments in respect of the principal amount of any Loan shall be accompanied by payment of accrued interest on the principal amount being repaid
or prepaid. 
  

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 (c) Administrative Agent shall promptly distribute to each Lender at such address as such Lender shall
indicate in writing, such Lender’s applicable Pro Rata Share of all payments and prepayments of principal and interest due hereunder, together with all other amounts due thereto, including all fees payable with respect thereto, to the extent
received by Administrative Agent. 
 (d) Notwithstanding the foregoing provisions hereof, if any Conversion/ Continuation Notice is
withdrawn as to any Affected Lender or if any Affected Lender makes Base Rate Loans in lieu of its Pro Rata Share of any LIBOR Rate Loans, Administrative Agent shall give effect thereto in apportioning payments received thereafter. 
 (e) Subject to the provisos set forth in the definition of “Interest Period,” whenever any payment to be made hereunder shall be stated to be
due on a day that is not a Business Day, such payment shall be made on the next succeeding Business Day and such extension of time shall be included in the computation of the payment of interest hereunder or of the commitment fees hereunder.

 (f) Administrative Agent shall deem any payment by or on behalf of Company hereunder that is not made in same day funds prior to 12:00
p.m. (New York City time) to be a non conforming payment. Any such payment shall not be deemed to have been received by Administrative Agent until the later of (i) the time such funds become available funds, and (ii) the applicable next
Business Day. Interest shall continue to accrue on any principal as to which a non conforming payment is made until such funds become available funds (but in no event less than the period from the date of such payment to the next succeeding
applicable Business Day) at the Default Rate determined pursuant to Section 2.7 from the date such amount was due and payable until the date such amount is paid in full. 
 (g) If an Event of Default shall have occurred and not otherwise been waived, all payments or proceeds received by Agents hereunder in respect of any of
the Obligations shall be applied in accordance with the application arrangements described in Section 7.2 of the Pledge and Security Agreement. 
 2.14 Ratable Sharing. Lenders hereby agree among themselves that, except as otherwise provided in the Collateral Documents with respect to amounts realized from the exercise of rights with respect to Liens on
the Collateral, if any of them shall, whether by voluntary payment (other than a voluntary prepayment of Loans made and applied in accordance with the terms hereof), through the exercise of any right of set off or banker’s lien, by counterclaim
or cross action or by the enforcement of any right under the Credit Documents or otherwise, or as adequate protection of a deposit treated as cash collateral under the Bankruptcy Code, receive payment or reduction of a proportion of the aggregate
amount of principal, interest, amounts payable in respect of fees and other amounts then due and owing to such Lender hereunder or under the other Credit Documents (collectively, the “Aggregate Amounts Due” to such Lender) which is
greater than the proportion received by any other Lender in respect of the Aggregate Amounts Due to such other Lender, then the Lender receiving such proportionately greater payment shall (a) notify Administrative Agent and each other Lender of
the receipt of such payment and (b) apply a portion of such payment to purchase participations (which it shall be deemed to have purchased from each seller of a participation simultaneously upon the receipt 
  

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 by such seller of its portion of such payment) in the Aggregate Amounts Due to the other Lenders so that all such
recoveries of Aggregate Amounts Due shall be shared by all Lenders in proportion to the Aggregate Amounts Due to them; provided, if all or part of such proportionately greater payment received by such purchasing Lender is thereafter recovered from
such Lender upon the bankruptcy or reorganization of Company or otherwise, those purchases to that extent shall be rescinded and the purchase prices paid for such participations shall be returned to such purchasing Lender ratably to the extent of
such recovery, but without interest. Company expressly consents to the foregoing arrangement and agrees that any holder of a participation so purchased may exercise any and all rights of banker’s lien, set off or counterclaim with respect to
any and all monies owing by Company to that holder with respect thereto as fully as if that holder were owed the amount of the participation held by that holder. 
 2.15 Making or Maintaining LIBOR Rate Loans. 
 (a) Inability to Determine Applicable Interest
Rate. In the event that Administrative Agent shall have determined (which determination shall be final and conclusive and binding upon all parties hereto), on any Interest Rate Determination Date with respect to any LIBOR Rate Loans, that by
reason of circumstances affecting the London interbank market adequate and fair means do not exist for ascertaining the interest rate applicable to such LIBOR Rate Loans on the basis provided for in the definition of Adjusted LIBOR Rate,
Administrative Agent shall on such date give notice (by telefacsimile or by telephone confirmed in writing) to Company and each Lender of such determination, whereupon (i) no Loans may be made as, or converted to, LIBOR Rate Loans until such
time as Administrative Agent notifies Company and Lenders that the circumstances giving rise to such notice no longer exist, and (ii) any Funding Notice or Conversion/Continuation Notice given by Company with respect to the Loans in respect of
which such determination was made shall be deemed to be rescinded by Company. 
 (b) Illegality or Impracticability of LIBOR Rate
Loans. In the event that on any date any Lender shall have determined (which determination shall be final and conclusive and binding upon all parties hereto but shall be made only after consultation with Company and Administrative Agent) that
the making, maintaining or continuation of its LIBOR Rate Loans (i) has become unlawful as a result of compliance by such Lender in good faith with any law, treaty, governmental rule, regulation, guideline or order (or would conflict with any
such treaty, governmental rule, regulation, guideline or order not having the force of law even though the failure to comply therewith would not be unlawful), or (ii) has become impracticable, as a result of contingencies occurring after the
date hereof which materially and adversely affect the London interbank market or the position of such Lender in that market, then, and in any such event, such Lender shall be an “Affected Lender” and it shall on that day give notice
(by telefacsimile or by telephone confirmed in writing) to Company and Administrative Agent of such determination (which notice Administrative Agent shall promptly transmit to each other Lender). Thereafter (1) the obligation of the Affected
Lender to make Loans as, or to convert Loans to, LIBOR Rate Loans shall be suspended until such notice shall be withdrawn by the Affected Lender, (2) to the extent such determination by the Affected Lender relates to a LIBOR Rate Loan then
being requested by Company pursuant to a Funding Notice or a Conversion/Continuation Notice, the Affected Lender shall make such Loan as (or continue such Loan as or convert such Loan to, as the case may be) a Base Rate Loan, (3) the Affected
Lender’s obligation to maintain its outstanding LIBOR Rate Loans (the “Affected Loans”) shall 
  

 36 

 be terminated at the earlier to occur of the expiration of the Interest Period then in effect with respect to the
Affected Loans or when required by law, and (4) the Affected Loans shall automatically convert into Base Rate Loans on the date of such termination. Company shall pay accrued interest on the amount so converted and all amounts due under
Section 2.15(c) in accordance with the terms thereof due to such conversion. Notwithstanding the foregoing, to the extent a determination by an Affected Lender as described above relates to a LIBOR Rate Loan then being requested by Company
pursuant to a Funding Notice or a Conversion/Continuation Notice, Company shall have the option, subject to the provisions of Section 2.15(c), to rescind such Funding Notice or Conversion/Continuation Notice as to all Lenders by giving notice
(by telefacsimile or by telephone confirmed in writing) to Administrative Agent of such rescission on the date on which the Affected Lender gives notice of its determination as described above (which notice of rescission Administrative Agent shall
promptly transmit to each other Lender). Except as provided in the immediately preceding sentence, nothing in this Section 2.15(b) shall affect the obligation of any Lender other than an Affected Lender to make or maintain Loans as, or to
convert Loans to, LIBOR Rate Loans in accordance with the terms hereof. 
 (c) Compensation for Breakage or Non Commencement of Interest
Periods. Company shall compensate each Lender, upon written request by such Lender (which request shall set forth the basis for requesting such amounts), for all reasonable losses, expenses and liabilities (including any interest paid or
calculated to be due and payable by such Lender to Lenders of funds borrowed by it to make or carry its LIBOR Rate Loans and any loss, expense or liability sustained by such Lender in connection with the liquidation or re employment of such funds
but excluding loss of anticipated profits) which such Lender may sustain: (i) if for any reason (other than a default by such Lender) a borrowing of any LIBOR Rate Loan does not occur on a date specified therefor in a Funding Notice or a
telephonic request for borrowing, or a conversion to or continuation of any LIBOR Rate Loan does not occur on a date specified therefor in a Conversion/Continuation Notice or a telephonic request for conversion or continuation; (ii) if any
prepayment or other principal payment of, or any conversion of, any of its LIBOR Rate Loans occurs on any day other than the last day of an Interest Period applicable to that Loan (whether voluntary, mandatory, automatic, by reason of acceleration,
or otherwise); or (iii) if any prepayment of any of its LIBOR Rate Loans is not made on any date specified in a notice of prepayment given by Company. 
 (d) Booking of LIBOR Rate Loans. Any Lender may make, carry or transfer LIBOR Rate Loans at, to, or for the account of any of its branch offices or the office of an Affiliate of such Lender. 
 (e) Assumptions Concerning Funding of LIBOR Rate Loans. Calculation of all amounts payable to a Lender under this Section 2.15 and under
Section 2.16 shall be made as though such Lender had actually funded each of its relevant LIBOR Rate Loans through the purchase of a LIBOR deposit bearing interest at the rate obtained pursuant to clause (i) of the definition of Adjusted
LIBOR Rate in an amount equal to the amount of such LIBOR Rate Loan and having a maturity comparable to the relevant Interest Period and through the transfer of such LIBOR deposit from an offshore office of such Lender to a domestic office of such
Lender in the United States of America; provided, however, each Lender may fund each of its LIBOR Rate Loans in any manner it sees fit and the foregoing assumptions shall be utilized only for the purposes of calculating amounts payable under this
Section 2.15 and under Section 2.16. 
  

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 2.16 Increased Costs; Capital Adequacy; Reserves on LIBOR Rate Loans. 
 (a) Compensation For Increased Costs and Taxes. Subject to the provisions of Section 2.15 (which shall be controlling with respect to the
matters covered thereby), in the event that any Lender shall determine (which determination shall, absent manifest error, be final and conclusive and binding upon all parties hereto) that any law, treaty or governmental rule, regulation or order, or
any change therein or in the interpretation, administration or application thereof (including the introduction of any new law, treaty or governmental rule, regulation or order), or any determination of a court or governmental authority, in each case
that becomes effective after the date hereof, or compliance by such Lender with any guideline, request or directive issued or made after the date hereof by any central bank or other governmental or quasi governmental authority (whether or not having
the force of law): (i) subjects such Lender (or its applicable lending office) to any additional Tax (other than any Tax on the overall net income of such Lender) with respect to this Agreement or any of the other Credit Documents or any of its
obligations hereunder or thereunder or any payments to such Lender (or its applicable lending office) of principal, interest, fees or any other amount payable hereunder; (ii) imposes, modifies or holds applicable any reserve (including any
marginal, emergency, supplemental, special or other reserve), special deposit, compulsory loan, FDIC insurance or similar requirement against assets held by, or deposits or other liabilities in or for the account of, or advances or loans by, or
other credit extended by, or any other acquisition of funds by, any office of such Lender (other than any such reserve or other requirements with respect to LIBOR Rate Loans that are reflected in the definition of Adjusted LIBOR Rate); or
(iii) imposes any other condition (other than with respect to a Tax matter) on or affecting such Lender (or its applicable lending office) or its obligations hereunder or the London interbank market; and the result of any of the foregoing is to
increase the cost to such Lender of agreeing to make, making or maintaining Loans hereunder or to reduce any amount received or receivable by such Lender (or its applicable lending office) with respect thereto; then, in any such case, Company shall
promptly pay to such Lender, upon receipt of the statement referred to in the next sentence, such additional amount or amounts (in the form of an increased rate of, or a different method of calculating, interest or otherwise as such Lender in its
sole discretion shall determine) as may be necessary to compensate such Lender for any such increased cost or reduction in amounts received or receivable hereunder. Such Lender shall deliver to Company (with a copy to Administrative Agent) a written
statement, setting forth in reasonable detail the basis for calculating the additional amounts owed to such Lender under this Section 2.16(a), which statement shall be conclusive and binding upon all parties hereto absent manifest error.

 (b) Capital Adequacy Adjustment. In the event that any Lender shall have determined that the adoption, effectiveness, phase in or
applicability after the Closing Date of any law, rule or regulation (or any provision thereof) regarding capital adequacy, or any change therein or in the interpretation or administration thereof by any Governmental Authority, central bank or
comparable agency charged with the interpretation or administration thereof, or compliance by any Lender (or its applicable lending office) with any guideline, request or directive regarding capital adequacy (whether or not having the force of law)
of any such Governmental Authority, central bank or comparable agency, has or would have the effect of 
  

 38 

 reducing the rate of return on the capital of such Lender or any corporation controlling such Lender as a consequence of,
or with reference to, such Lender’s Loans, or participations therein or other obligations hereunder with respect to the Loans to a level below that which such Lender or such controlling corporation could have achieved but for such adoption,
effectiveness, phase in, applicability, change or compliance (taking into consideration the policies of such Lender or such controlling corporation with regard to capital adequacy), then from time to time, within five Business Days after receipt by
Company from such Lender of the statement referred to in the next sentence, Company shall pay to such Lender such additional amount or amounts as will compensate such Lender or such controlling corporation on an after tax basis for such reduction.
Such Lender shall deliver to Company (with a copy to Administrative Agent) a written statement, setting forth in reasonable detail the basis for calculating the additional amounts owed to Lender under this Section 2.16(b), which statement shall
be conclusive and binding upon all parties hereto absent manifest error. 
 2.17 Taxes; Withholding, etc. 
 (a) Payments to Be Free and Clear. All sums payable by any Credit Party hereunder and under the other Credit Documents shall (except to the extent
required by law) be paid free and clear of, and without any deduction or withholding on account of, any Tax imposed, levied, collected, withheld or assessed by or within the United States of America or any political subdivision in or of the United
States of America or any other jurisdiction from or through which a payment is made by or on behalf of any Credit Party or by any federation or organization of which the United States of America or any such jurisdiction is a member at the time of
payment. 
 (b) Withholding of Taxes. If any Credit Party or any other Person is required by law to make any deduction or withholding
on account of any Tax from any sum paid or payable under any of the Credit Documents: (i) Company shall notify Administrative Agent of any such requirement or any change in any such requirement as soon as Company becomes aware of it;
(ii) Company shall pay any such Tax before the date on which penalties attach thereto, such payment to be made (if the liability to pay is imposed on any Credit Party) for its own account or (if that liability is imposed on Administrative Agent
or such Lender, as the case may be) on behalf of and in the name of Administrative Agent or such Lender; (iii) the sum payable by such Credit Party in respect of which the relevant deduction, withholding or payment, is required shall be
increased to the extent necessary to ensure that, after the making of that deduction, withholding or payment of all Taxes (other than any Tax on the overall net income of the Administrative Agent, any Lenders or their respective Tax Related
Persons), Administrative Agent or such Lender, as the case may be, and each of their Tax Related Persons receives on the due date and retains a net sum equal to what it would have received and retained had no such deduction, withholding or payment
been required or made; and (iv) within thirty (30) days after making any such deduction or withholding, and within thirty (30) days after the due date of payment of any Tax which it is required by clause (ii) above to pay,
Company shall deliver to Administrative Agent evidence satisfactory to the other affected parties of such deduction, withholding and payment and of the remittance thereof to the relevant taxing or other authority; provided, no such additional amount
shall be required to be paid to any Lender under clause (iii) above except (A) in the case of any deduction or withholding on account of any Tax imposed as a result of the Loan being treated as stock or any other equity interest of
Holdings or any of its 
  

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 Subsidiaries, or (B) to the extent that any change after the date hereof (in the case of each Lender listed on the
signature pages hereof on the Closing Date) or after the effective date of the Assignment Agreement pursuant to which such Lender became a Lender (in the case of each other Lender) in any such requirement for a deduction, withholding or payment as
is mentioned therein shall result in an increase in the rate of such deduction, withholding or payment from that in effect at the date hereof or at the date of such Assignment Agreement, in respect of payments to such Lender. 
 (c) Other Taxes. In addition, the Credit Parties shall pay all Other Taxes to the relevant Governmental Authorities in accordance with applicable
law. The Credit Parties shall deliver to Administrative Agent official receipts or other evidence of such payment reasonably satisfactory to Administrative Agent in respect of any Taxes or Other Taxes payable hereunder promptly after payment of such
Taxes or Other Taxes. 
 (d) Indemnification. Without duplication of its obligations under clauses (b)(iii) and (c) hereunder,
the Credit Parties shall indemnify each Agent and each Lender, within ten (10) days after written demand therefor, for the full amount of any Taxes (other than any Tax on the overall net income of the Administrative Agent, any Lenders or their
respective Tax Related Persons) paid or incurred by such Agent or such Lender or their respective Tax Related Persons, as the case may be, relating to, arising out of, or in connection with any Credit Document or any payment or transaction
contemplated hereby or thereby, whether or not such Taxes were correctly or legally imposed or asserted by the relevant Governmental Authority; provided, however, that the Credit Parties shall not be required to indemnify the Agents,
Lenders and Participants for any Taxes that would be excluded from a gross-up under Section 2.17(b) or to the extent such Taxes are covered by Sections 2.17(b) or (c). Such indemnification shall be made on an after-Tax basis, such that after
all required deductions and payments of all Taxes (excluding any Tax on the overall net income of the Administrative Agent, any Lenders or their respective Tax Related Persons except for income Taxes and deductions applicable to amounts payable
under this Section 2.17(d)) and payment of all reasonable expenses, the Agents, the Lenders and each of their respective Tax Related Persons receives and retains an amount equal to the sum it would have received and retained had it not paid or
incurred or been subject to such Taxes. A certificate from the relevant Lender or Agent, setting forth in reasonable detail the basis and calculation of such Taxes shall be conclusive, absent manifest error. 
 (e) Evidence of Exemption From U.S. Withholding Tax. Each Lender that is not a United States Person (as such term is defined in
Section 7701(a)(30) of the Internal Revenue Code) for U.S. federal income tax purposes (a “Non-U.S. Lender”) shall deliver to Administrative Agent for transmission to Company, on or prior to the Closing Date (in the case of
each Lender listed on the signature pages hereof on the Closing Date) or on or prior to the date of the Assignment Agreement pursuant to which it becomes a Lender (in the case of each other Lender), and at such other times as may be necessary in the
determination of Company or Administrative Agent (each in the reasonable exercise of its discretion), (i) Form W-8ECI (in the case of a non-U.S. Person claiming exemption from withholding because the income is effectively connected with a U.S.
trade or business), (ii) Form W-8BEN (in the case of a non-U.S. Person claiming exemption from, or reduction of, withholding tax under an income tax treaty or under the portfolio interest exemption), (iii) with respect to any interest in
this Agreement in which a participation has been sold, a Form W-8IMY along with accompanying Form W-8BEN 
  

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 (claiming exemption from withholding under the portfolio interest exemption), (iv) any other applicable form,
certificate or document necessary to establish such non-U.S. Person’s entitlement to exemption from United States withholding tax or reduced rate with respect to all payments to be made to such non-U.S. Person under this Agreement, or
(v) in the case of any other Person, Form W-9 (claiming exemption from backup withholding tax). Each Lender required to deliver any forms, certificates or other evidence with respect to United States federal income tax withholding matters
pursuant to this Section 2.17(e) hereby agrees, from time to time after the initial delivery by such Lender of such forms, certificates or other evidence, whenever a lapse in time or change in circumstances renders such forms, certificates or
other evidence obsolete or inaccurate in any material respect, that such Lender shall promptly deliver to Administrative Agent for transmission to Company two new original copies of Internal Revenue Service Form W-8BEN, W-8IMX or W-8ECI, or a
Certificate Regarding Non-Bank Status and two original copies of Internal Revenue Service Form W 8BEN (or any successor form), as the case may be, properly completed and duly executed by such Lender, and such other documentation required under the
Internal Revenue Code and reasonably requested by Company to confirm or establish that such Lender is not subject to deduction or withholding of United States federal income tax with respect to payments to such Lender under the Credit Documents or
is subject to deduction or withholding at a reduced rate, or notify Administrative Agent and Company of its inability to deliver any such forms, certificates or other evidence. Company shall not be required to pay any additional amount to any
Non-U.S. Lender under Section 2.17(b)(iii) if such Lender shall have failed to deliver the forms, certificates or other evidence referred to in the second sentence of this Section 2.17(e) that it is legally entitled to deliver;
provided, if such Lender shall have satisfied the requirements of the first sentence of this Section 2.17(e) on the Closing Date or on the date of the Assignment Agreement pursuant to which it became a Lender, as applicable, nothing in
this last sentence of Section 2.17(e) shall relieve Company of its obligation to pay any additional amounts pursuant this Section 2.17 in the event that, as a result of any change in any applicable law, treaty or governmental rule,
regulation or order, or any change in the interpretation, administration or application thereof, such Lender is no longer properly entitled to deliver forms, certificates or other evidence at a subsequent date establishing the fact that such Lender
is not subject to withholding as described herein. Nothing in this Section 2.17 shall be construed to require a Lender, Agent or Participant to provide any forms or documentation that it is not legally entitled to provide. 
 (f) If both Section 2.16 and both Section 2.17 would apply to any cost, Tax or deduction or withholding therefor, this Section 2.17 (and
not Section 2.16) shall apply. 
 2.18 Obligation to Mitigate. Each Lender agrees that, as promptly as practicable after the
officer of such Lender responsible for administering its Loans becomes aware of the occurrence of an event or the existence of a condition that would cause such Lender to become an Affected Lender or that would entitle such Lender to receive
payments under Section 2.15, 2.16 or 2.17, it will, to the extent not inconsistent with the internal policies of such Lender and any applicable legal or regulatory restrictions, use reasonable efforts to (a) make, issue, fund or maintain
its Credit Extensions, including any Affected Loans, through another office of such Lender, or (b) take such other measures as such Lender may deem reasonable, if as a result thereof the circumstances which would cause such Lender to be an
Affected Lender would cease to exist or the additional amounts which would otherwise be required to be paid to such Lender pursuant to Section 2.15, 2.16 or 2.17 would be materially reduced and if, as determined by such 
  

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 Lender in its sole discretion, the making, issuing, funding or maintaining of such Loans through such other office or in
accordance with such other measures, as the case may be, would not otherwise adversely affect such Loans or the interests of such Lender; provided, such Lender will not be obligated to utilize such other office pursuant to this
Section 2.18 unless Company agrees to pay all costs and expenses incurred by such Lender as a result of utilizing such other office as described above. A certificate as to the amount of any such expenses payable by Company pursuant to this
Section 2.18 (setting forth in reasonable detail the basis for requesting such amount) submitted by such Lender to Company (with a copy to Administrative Agent) shall be conclusive absent manifest error. 
 2.19 Defaulting Lenders. Anything contained herein to the contrary notwithstanding, in the event that any Lender, other than at the direction or
request of any regulatory agency or authority, defaults (a “Defaulting Lender”) in its obligation to fund (a “Funding Default”) any Term Loan (a “Defaulted Loan”), then (a) during any Default
Period with respect to such Defaulting Lender, such Defaulting Lender shall be deemed not to be a “Lender” for purposes of voting on any matters (including the granting of any consents or waivers) with respect to any of the Credit
Documents; and (b) to the extent permitted by applicable law, until such time as the Default Excess with respect to such Defaulting Lender shall have been reduced to zero, (i) any voluntary prepayment of the Term Loans shall, if
Administrative Agent so directs at the time of making such voluntary prepayment, be applied to the Term Loans of other Lenders as if such Defaulting Lender had no Term Loans outstanding and the outstanding Term Loan Loans of such Defaulting Lender
were zero, and (ii) any mandatory prepayment of the Term Loans shall, if Administrative Agent so directs at the time of making such mandatory prepayment, be applied to the Term Loans of other Lenders (but not to the Term Loans of such
Defaulting Lender) as if such Defaulting Lender had funded all Defaulted Loans of such Defaulting Lender, it being understood and agreed that Company shall be entitled to retain any portion of any mandatory prepayment of the Term Loans that is not
paid to such Defaulting Lender solely as a result of the operation of the provisions of this clause (b). No Term Loan Commitment of any Lender shall be increased or otherwise affected, and, except as otherwise expressly provided in this
Section 2.19, performance by Company of its obligations hereunder and the other Credit Documents shall not be excused or otherwise modified as a result of any Funding Default or the operation of this Section 2.19. The rights and remedies
against a Defaulting Lender under this Section 2.19 are in addition to other rights and remedies which Company may have against such Defaulting Lender with respect to any Funding Default and which Administrative Agent or any Lender may have
against such Defaulting Lender with respect to any Funding Default. 
 2.20 Removal or Replacement of a Lender. Anything contained
herein to the contrary notwithstanding, in the event that: (a) (i) any Lender (an “Increased Cost Lender”) shall give notice to Company that such Lender is an Affected Lender or that such Lender is entitled to receive
payments under Section 2.16, 2.17 or 2.18, (ii) the circumstances which have caused such Lender to be an Affected Lender or which entitle such Lender to receive such payments shall remain in effect, and (iii) such Lender shall fail to
withdraw such notice within five Business Days after Company’s request for such withdrawal; or (b) (i) any Lender shall become a Defaulting Lender, (ii) the Default Period for such Defaulting Lender shall remain in effect, and
(iii) such Defaulting Lender shall fail to cure the default as a result of which it has become a Defaulting Lender within five Business Days after Company’s request that it cure such default; or (c) in connection with any proposed
amendment, modification, termination, waiver or 
  

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 consent with respect to any of the provisions hereof as contemplated by Section 10.5(b), the consent of
Administrative Agent and Requisite Lenders shall have been obtained but the consent of one or more of such other Lenders (each a “Non Consenting Lender”) whose consent is required shall not have been obtained; then, with respect to
each such Increased Cost Lender, Defaulting Lender or Non Consenting Lender (the “Terminated Lender”), Administrative Agent may (which, in the case of an Increased-Cost Lender, only after receiving written request from Company to
remove such Increased-Cost Lender), by giving written notice to Company and any Terminated Lender of its election to do so, elect to cause such Terminated Lender (and such Terminated Lender hereby irrevocably agrees) to assign its outstanding Loans
in full to one or more Eligible Assignees (each a “Replacement Lender”) in accordance with the provisions of Section 10.6 and Terminated Lender shall pay any fees payable thereunder in connection with such assignment;
provided, (1) on the date of such assignment, the Replacement Lender shall pay to Terminated Lender an amount equal to the sum of (A) an amount equal to the principal of, and all accrued interest on, all outstanding Loans of the
Terminated Lender, (B) an amount equal to all unreimbursed drawings that have been funded by such Terminated Lender, together with all then unpaid interest with respect thereto at such time and (C) an amount equal to all accrued, but
theretofore unpaid fees owing to such Terminated Lender pursuant to Section 2.8; (2) on the date of such assignment, Company shall pay any amounts payable to such Terminated Lender pursuant to Section 2.16 or 2.17; and (3) in the
event such Terminated Lender is a Non Consenting Lender, each Replacement Lender shall consent, at the time of such assignment, to each matter in respect of which such Terminated Lender was a Non Consenting Lender. Upon the prepayment of all amounts
owing to any Terminated Lender, such Terminated Lender shall no longer constitute a “Lender” for purposes hereof; provided, any rights of such Terminated Lender to indemnification hereunder shall survive as to such Terminated
Lender. 
 SECTION 3. CONDITIONS PRECEDENT 
 3.1 Closing Date. The obligation of each Lender to make a Credit Extension on the Closing Date is subject to the satisfaction, or waiver in accordance with Section 10.5, of the following conditions on or
before the Closing Date: 
 (a) Credit Documents; Funding Notice. Administrative Agent shall have received sufficient copies of each
Credit Document originally executed and delivered by each applicable Credit Party for each Lender. Administrative Agent shall also have received a fully executed and delivered Funding Notice. 
 (b) Organizational Documents; Incumbency. Administrative Agent shall have received (i) sufficient copies of each Organizational Document of
each Credit Party, as applicable, and, to the extent applicable, certified as of a recent date by the appropriate governmental official, for each Lender, each dated the Closing Date or a recent date prior thereto; (ii) signature and incumbency
certificates of the officers of such Person executing the Credit Documents to which it is a party; (iii) resolutions of the Board of Directors or similar governing body of each Credit Party approving and authorizing the execution, delivery and
performance of this Agreement and the other Credit Documents and the Related Agreements to which it is a party or by which it or its assets may be bound as of the Closing Date, certified as of the Closing Date by its secretary or an assistant
secretary as being in full force and effect without 
  

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 modification or amendment; (iv) a good standing certificate from the applicable Governmental Authority of each
Credit Party’s jurisdiction of incorporation, organization or formation and in each jurisdiction in which it is qualified as a foreign corporation or other entity to do business, each dated a recent date prior to the Closing Date; and
(v) such other documents as Administrative Agent may reasonably request. 
 (c) Organizational and Capital Structure. The
organizational structure and capital structure of Holdings and its Subsidiaries, both before and after giving effect to the Transactions, shall be as set forth on Schedules 4.1 and 4.2. 
 (d) Satisfaction of Conditions Precedent to Transactions Contemplated by Related Agreements. 
 (i) Except for the funding of the Term Loans hereunder, all conditions to the Transactions set forth in the Related Agreements shall have
been satisfied or the fulfillment of any such conditions shall have been waived with the consent of Administrative Agent (which consent shall not be unreasonably withheld) and, upon the funding in full of the Term Loans hereunder, the Transactions
shall become effective in accordance with the terms of the Related Agreements. 
 (ii) Administrative Agent shall have
received a fully executed or conformed copy of each Related Agreement and any documents executed in connection therewith, together with copies of each of the opinions of counsel delivered to the parties under the Related Agreements. Upon the funding
in full of the Term Loans hereunder, each Related Agreement shall be in full force and effect, shall include terms and provisions reasonably satisfactory to Administrative Agent and no provision thereof shall have been modified or waived in any
respect determined by Administrative Agent to be material, in each case without the consent of Administrative Agent. 
 (e) Existing
Indebtedness. As of the Closing Date, Holdings and its Subsidiaries shall have no Indebtedness other than the Countryside Debt and the GBGH Debt and the Permitted Indebtedness listed on Schedule 6.1. 
 (f) Transaction Costs. On or prior to the Closing Date, Company shall have delivered to Administrative Agent Company’s reasonable best
estimate of the Transaction Costs (other than fees payable to any Agent). 
 (g) Governmental Authorizations and Consents. Except as
set forth on Schedules 4.4 and 4.5, each Credit Party shall have obtained all Governmental Authorizations and all consents of other Persons, in each case that are necessary or advisable in connection with the transactions contemplated by the Credit
Documents and the Related Agreements and each of the foregoing shall be in full force and effect and in form and substance reasonably satisfactory to Administrative Agent. All applicable waiting periods shall have expired without any action being
taken or threatened by any competent authority which would restrain, prevent or otherwise impose adverse conditions on the transactions contemplated by the Credit Documents or the Related Agreements or the financing thereof and no action, request
for stay, petition for review 
  

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 or rehearing, reconsideration, or appeal with respect to any of the foregoing shall be pending, and the time for any
applicable agency to take action to set aside its consent on its own motion shall have expired. 
 (h) Personal Property Collateral.
In order to create in favor of Collateral Agent, for the benefit of Secured Parties, a valid, perfected First Priority security interest in the personal property Collateral, Collateral Agent shall have received: 
 (i) evidence satisfactory to Collateral Agent of the compliance by each Credit Party of its obligations under the Pledge and Security
Agreement, the Third Lien Pledge Agreement and the other Collateral Documents (including its obligations to execute and deliver UCC financing statements, originals of securities, instruments and chattel paper and any agreements governing deposit
and/or securities accounts as provided therein); 
 (ii) a completed Collateral Questionnaire dated the Closing Date and
executed by an Authorized Officer of each Credit Party, together with all attachments contemplated thereby, including (A) the results of a recent search, by a Person satisfactory to Collateral Agent, of all effective UCC financing statements
(or equivalent filings) made with respect to any personal or mixed property of any Credit Party in the jurisdictions specified in the Collateral Questionnaire, together with copies of all such filings disclosed by such search, and (B) UCC
termination statements (or similar documents) duly executed by all applicable Persons for filing in all applicable jurisdictions as may be necessary to terminate any effective UCC financing statements (or equivalent filings) disclosed in such search
(other than any such financing statements in respect of Permitted Liens); 
 (iii) opinions of counsel (which counsel shall
be reasonably satisfactory to Collateral Agent) with respect to the creation and perfection of the security interests in favor of Collateral Agent in such Collateral and such other matters governed by the laws of each jurisdiction in which any
Credit Party or any personal property Collateral is located as Collateral Agent may reasonably request, in each case in form and substance reasonably satisfactory to Collateral Agent; and 
 (iv) evidence that each Credit Party shall have taken or caused to be taken any other action, executed and delivered or caused to be
executed and delivered any other agreement, document and instrument and made or caused to be made any other filing and recording (other than as set forth herein) reasonably required by Collateral Agent. 
 (i) Financial Statements; Projections. Lenders shall have received from Holdings (i) the Historical Financial Statements, (ii) pro
forma consolidated and consolidating balance sheets of Holdings and its Subsidiaries as at the Closing Date, and reflecting the consummation of the GBGH Debt contemplated by Related Agreements, the 
  

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 related financings and the other transactions contemplated by the Credit Documents to occur on or prior to the Closing
Date, which pro forma financial statements shall be in form and substance satisfactory to Administrative Agent, and (iii) the Projections. 
 (j) Evidence of Insurance. Collateral Agent shall have received a certificate from Holdings’s insurance broker or other evidence satisfactory to it that all insurance required to be maintained pursuant to Section 5.5 is in
full force and effect, together with endorsements naming the Collateral Agent, for the benefit of Secured Parties, as additional insured and loss payee thereunder to the extent required under Section 5.5. 
 (k) Opinions of Counsel to Credit Parties. Lenders and their respective counsel shall have received originally executed copies of the favorable
written opinions of Hunton & Williams LLP and Robinson Brog Leinwand Greene Genovese & Gluck PC, counsel for Credit Parties, in the form of Exhibit D, each dated as of the Closing Date and covering such matters as Administrative
Agent may reasonably request and otherwise in form and substance reasonably satisfactory to Administrative Agent (and each Credit Party hereby instructs such counsel to deliver such opinions to Agents and Lenders). 
 (l) Fees. Holdings and Company shall have paid to Syndication Agent and Administrative Agent, the fees payable on the Closing Date referred to in
Section 2.8. 
 (m) Solvency Certificate. On the Closing Date, Administrative Agent shall have received a Solvency Certificate
from Holdings dated as of the Closing Date and addressed to Administrative Agent and Lenders, and in form, scope and substance satisfactory to Administrative Agent, with appropriate attachments and demonstrating that after giving effect to the
consummation of the Transactions contemplated by the Related Agreements and the Term Loans to be made on the Closing Date, Holdings and its Subsidiaries are and will be Solvent. 
 (n) Closing Date Certificate. Holdings and Company shall have delivered to Administrative Agent an originally executed Closing Date Certificate,
together with all attachments thereto. 
 (o) Closing Date. Lenders shall have made and funded the Term Loans in an aggregate amount
up to or equal to $23,335,051.45 to Company on or before August 7, 2006. 
 (p) No Litigation. Except as described in Schedule
4.11, there shall not exist any action, suit, investigation, litigation or proceeding or other legal or regulatory developments, pending or threatened in any court or before any arbitrator or Governmental Authority that, in the reasonable opinion of
Administrative Agent, singly or in the aggregate, materially impairs the transactions contemplated by the Related Agreement, the financing thereof or any of the other transactions contemplated by the Credit Documents or the Related Agreements, or
that could have a Material Adverse Effect. 
 (q) Due Diligence. Other than changes occurring in the ordinary course of business, no
information or materials are or should have been available to Holdings and its Subsidiaries as of the Closing Date that are materially inconsistent with the material previously provided to Administrative Agent for its due diligence review of
Holdings and its Subsidiaries. 
  

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 The Administrative Agent shall have received and be satisfied with such asset appraisals, valuations, individual
background checks on management, insurance, and other due diligence analysis performed with respect to the Credit Parties and their respective Subsidiaries, as well as other financial, legal, and accounting information related to, or impacting, the
Credit Parties and their respective Subsidiaries, as it may have requested, and the results thereof shall be satisfactory to the Administrative Agent and Lenders in their sole discretion. 
 (r) No Material Adverse Change. Since December 31, 2005, no event, circumstance or change shall have occurred that has caused or evidences,
or is reasonably expected to have, in any case or in the aggregate, a Material Adverse Effect, except as disclosed in Schedule 4.9. 
 (s)
Completion of Proceedings. All partnership, corporate and other proceedings taken or to be taken in connection with the transactions contemplated hereby and all documents incidental thereto not previously found acceptable by Administrative
Agent and its counsel shall be satisfactory in form and substance to Administrative Agent and such counsel, and Administrative Agent, and such counsel shall have received all such counterpart originals or certified copies of such documents as
Administrative Agent may reasonably request. 
 (t) Final Credit Approval. On the Closing Date, Administrative Agent shall have
received evidence of credit approval for the transactions contemplated by this Agreement. 
 (u) Service of Process. On the Closing
Date, Administrative Agent shall have received evidence that each Credit Party has appointed an agent in New York City for the purpose of service of process in New York City and such agent shall agree in writing to give Administrative Agent notice
of any resignation of such service agent or other termination of the agency relationship. 
 (v) Warrants. (i) Holdings shall
have authorized and issued to Silver Point, pursuant to the Warrant Agreement in the form set forth as Exhibit I, warrants for the purchase of Common Stock of Holdings substantially in the form set forth as Exhibit J, which are referred to
individually as a “Warrant” and collectively as the “Warrants,” and (ii) Holdings shall have authorized and issued to Kenmont, pursuant to applicable documentation, warrants for the purchase of Common Stock of
Holdings. 
 (w) Representations and Warranties; Default. The Credit Parties shall have certified to the Administrative Agent that,
as of the Closing Date, (i) the representations and warranties contained herein and in the other Credit Documents shall be true and correct in all material respects on and as of the Closing Date to the same extent as though made on and as of
that date, except to the extent such representations and warranties specifically relate to an earlier date, in which case such representations and warranties shall have been true and correct in all material respects on and as of such earlier date,
and (ii) no event shall have occurred and be continuing or would result from the consummation of the applicable Credit Extension that would constitute an Event of Default or a Default. 
  

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 (x) Financial Certificate. As of the Closing Date, the Chief Financial Officer or comparable
officer of the Company shall have delivered an Officer’s Certificate representing and warranting and otherwise demonstrating to the satisfaction of Administrative Agent that, as of the Closing Date, Company reasonably expects, after giving
effect to the proposed borrowing and based upon good faith determinations and projections consistent with the Financial Plan, to be in compliance with all operating and financial covenants set forth in this Agreement as of the last day of each
Fiscal Quarter ending prior to the Term Loan Maturity Date. 
 Each Lender, by delivering its signature page to this Agreement and funding a
Loan on the Closing Date, shall be deemed to have acknowledged receipt of, and consented to and approved, each Credit Document and each other document required to be approved by any Agent, Requisite Lenders or Lenders, as applicable on the Closing
Date. Any Agent or Requisite Lenders shall be entitled, but not obligated to, request and receive, prior to the making of any Loan, additional information reasonably satisfactory to the requesting party confirming the satisfaction of any of the
foregoing if, in the good faith judgment of such Agent or Requisite Lender such request is warranted under the circumstances. 
 SECTION
4. REPRESENTATIONS AND WARRANTIES 
 In order to induce Lenders to enter into this Agreement and to make each Credit Extension to be made
thereby, each Credit Party represents and warrants to each Lender, on the Closing Date, that the following statements are true and correct (it being understood and agreed that the representations and warranties made on the Closing Date are deemed to
be made concurrently with the consummation of the Transactions contemplated hereby): 
 4.1 Organization; Requisite Power and Authority;
Qualification. Each of Holdings and its Subsidiaries (a) is duly organized, validly existing and in good standing under the laws of its jurisdiction of organization as identified in Schedule 4.1, (b) has all requisite power and
authority to own and operate its properties, to carry on its business as now conducted and as proposed to be conducted, to enter into the Credit Documents to which it is a party and to carry out the transactions contemplated thereby and, in the case
of Company, to make the borrowings hereunder, and (c) is qualified to do business and in good standing in every jurisdiction where its assets are located and wherever necessary to carry out its business and operations. 
 4.2 Capital Stock and Ownership. The Capital Stock of each of Holdings and its Subsidiaries has been duly authorized and validly issued and is
fully paid and non-assessable. Except as set forth on Schedule 4.2, as of the date hereof, there is no existing option, warrant, call, right, commitment or other agreement to which Holdings or any of its Subsidiaries is a party requiring, and there
is no membership interest or other Capital Stock of Holdings or any of its Subsidiaries outstanding which upon conversion or exchange would require, the issuance by Holdings or any of its Subsidiaries of any additional membership interests or other
Capital Stock of Holdings or any of its Subsidiaries or other Securities convertible into, exchangeable for or evidencing the right to subscribe for or purchase, a membership interest or other Capital Stock of Holdings or any of its Subsidiaries.
Schedule 4.2 sets forth a true, complete and correct list as of 
  

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 the Closing Date, both before and after giving effect to the Transactions, of the name of Holdings and each of its
Subsidiaries and indicates for each such Person its ownership (by holder and percentage interest) and the type of entity of each of them, and the number and class of authorized and issued Capital Stock of such Subsidiary. Except as set forth on
Schedule 4.2, as of the Closing Date, neither Holdings nor any of its Subsidiaries has any equity investments in any other corporation or entity. 
 4.3 Due Authorization. The execution, delivery and performance of the Credit Documents have been duly authorized by all necessary action on the part of each Credit Party that is a party thereto. 
 4.4 No Conflict. The execution, delivery and performance by Credit Parties of the Credit Documents to which they are parties and the
consummation of the transactions contemplated by the Credit Documents do not and will not (a) violate any provision of any law or any governmental rule or regulation applicable to Holdings or any of its Subsidiaries, any of the Organizational
Documents of Holdings or any of its Subsidiaries, or any order, judgment or decree of any court or other agency of government binding on Holdings or any of its Subsidiaries; (b) conflict with, result in a breach of or constitute (with due
notice or lapse of time or both) a default under any Contractual Obligation of Holdings or any of its Subsidiaries; (c) result in or require the creation or imposition of any Lien upon any of the properties or assets of Holdings or any of its
Subsidiaries (other than any Permitted Liens); (d) result in any default, noncompliance, suspension, revocation, impairment, forfeiture or nonrenewal of any permit, license, authorization or approval applicable to its operations or any of its
properties or (e) require any approval of stockholders, members or partners or any approval or consent of any Person under any Contractual Obligation of Holdings or any of its Subsidiaries, except for such approvals or consents which will
(i) be obtained on or before the Closing Date and be disclosed in writing to Lenders or (ii) be disclosed on Schedule 4.4. 
 4.5 Governmental Consents. The execution, delivery and performance by Credit Parties of the Credit Documents to which they are parties and the consummation of the transactions contemplated by the Credit Documents do not and will not
require any registration with, consent or approval of, or notice to, or other action to, with or by, any Governmental Authority except as disclosed in Schedule 4.5 and except for filings and recordings with respect to the Collateral to be made, or
otherwise delivered to Collateral Agent for filing and/or recordation, as of the Closing Date. 
 4.6 Binding Obligation. Each Credit
Document has been duly executed and delivered by each Credit Party that is a party thereto and is the legally valid and binding obligation of such Credit Party, enforceable against such Credit Party in accordance with its respective terms, except as
may be limited by bankruptcy, insolvency, reorganization, moratorium or similar laws relating to or limiting creditors’ rights generally or by equitable principles relating to enforceability (whether enforcement is sought in equity or at law).

 4.7 Historical Financial Statements. The Historical Financial Statements were prepared in conformity with GAAP and fairly present,
in all material respects, the financial position, on a consolidated basis, of the Persons described in such financial statements as at the respective dates thereof and the results of operations and cash flows, on a consolidated basis, of 

 

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 the entities described therein for each of the periods then ended, subject, in the case of any such unaudited financial
statements, to changes resulting from audit and normal year end adjustments. Except as set forth in Schedule 4.7, as of the Closing Date, neither Holdings nor any of its Subsidiaries has any contingent liability or liability for taxes, long term
lease or unusual forward or long term commitment that is not reflected in the Historical Financial Statements or the notes thereto and which in any such case is material in relation to the business, operations, properties, assets, condition
(financial or otherwise) or prospects of Holdings and any of its Subsidiaries taken as a whole. Since the date of the audited Historical Financial Statements, no Internal Control Event has occurred. 
 4.8 Projections. On and as of the Closing Date, the projections of USEB that have been delivered pursuant to the Amended Countryside Note Purchase
Agreement for the period of Fiscal Year 2006 through and including Fiscal Year 2020, and the projections of GBGH that have been delivered pursuant to the GBGH Debt for the period of Fiscal Year 2006 through and including the first two quarters of
Fiscal Year 2012 (such projections, together with the projections of USEB, the “Projections”) are based on good faith estimates and assumptions made by the management of Holdings and as of the Closing Date, management of Holdings believed
that the Projections were reasonable and attainable. 
 4.9 No Material Adverse Change. Except as described in Schedule 4.9, since
December 31, 2005, no event, circumstance or change has occurred that has caused or evidences, either in any case or in the aggregate, a Material Adverse Effect. 
 4.10 No Restricted Payments. Since December 31, 2005, neither Holdings nor any of its Subsidiaries has directly or indirectly declared, ordered, paid or made, or set apart any sum or property for, any
Restricted Payment or agreed to do so except as permitted pursuant to Section 6.4. 
 4.11 Adverse Proceedings, etc. Except for
Adverse Proceedings described on Schedule 4.11, there are no Adverse Proceedings, individually or in the aggregate, that (a) relate to any Credit Document or any Related Agreement or the transactions contemplated hereby or thereby or
(b) could reasonably be expected to have a Material Adverse Effect. Neither Holdings nor any of its Subsidiaries (a) is in violation of any applicable laws (including Environmental Laws) that, individually or in the aggregate, could
reasonably be expected to have a Material Adverse Effect, or (b) is subject to or in default with respect to any final judgments, writs, injunctions, decrees, rules or regulations of any court or any federal, state, municipal or other
governmental department, commission, board, bureau, agency or instrumentality, domestic or foreign, that, individually or in the aggregate, could reasonably be expected to have a Material Adverse Effect. 
 4.12 Payment of Taxes. Except as otherwise permitted under Section 5.3, all tax returns and reports of Holdings and its Subsidiaries required
to be filed by any of them have been timely filed, and all taxes shown on such tax returns to be due and payable and all assessments, fees and other governmental charges upon Holdings and its Subsidiaries and upon their respective properties,
assets, income, businesses and franchises which are due and payable have been paid when due and payable. Holdings knows of no proposed tax assessment against Holdings or any of its Subsidiaries which is not being actively contested by Holdings or
such 
  

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 Subsidiary in good faith and by appropriate proceedings; provided, such reserves or other appropriate provisions,
if any, as shall be required in conformity with GAAP shall have been made or provided therefor. 
 4.13 Single Purpose Entity.
The Company has not conducted and is not conducting any business other than business in connection with the ownership of its interest in GBGH, the performance of its obligations under the Credit Documents, the Related Agreements to which it is a
party and, in each case, activities related thereto. 
 4.14 Real Property. Schedule 4.14 sets forth an accurate list of all
real property owned or leased by Holdings or the Company. 
 4.15 Environmental Matters. Neither Holdings nor any of its Subsidiaries
nor any of their respective operations are subject to any outstanding written order, consent decree or settlement agreement with any Person relating to any Environmental Law, any Environmental Claim, or any Hazardous Materials Activity that,
individually or in the aggregate, could reasonably be expected to have a Material Adverse Effect. Neither Holdings nor any of its Subsidiaries has received any letter or request for information under Section 104 of the Comprehensive
Environmental Response, Compensation, and Liability Act (42 U.S.C. § 9604) or any comparable state law. There are and, to each of Holdings’ and its Subsidiaries’ knowledge, have been, no conditions, occurrences, or Hazardous Materials
Activities which could reasonably be expected to form the basis of an Environmental Claim against Holdings or any of its Subsidiaries that, individually or in the aggregate, could reasonably be expected to have a Material Adverse Effect. Neither
Holdings nor any of its Subsidiaries nor, to any Credit Party’s knowledge, any predecessor of Holdings or any of its Subsidiaries has filed any notice under any Environmental Law indicating past or present treatment of Hazardous Materials at
any location, and none of Holdings’ or any of its Subsidiaries’ operations involves the generation, transportation, treatment, storage or disposal of hazardous waste, as defined under 40 C.F.R. Parts 260 270 or any state equivalent.
Compliance with all current or reasonably foreseeable future requirements pursuant to or under Environmental Laws could not be reasonably expected to have, individually or in the aggregate, a Material Adverse Effect. No event or condition has
occurred or is occurring with respect to Holdings or any of its Subsidiaries relating to any Environmental Law, any Release of Hazardous Materials, or any Hazardous Materials Activity which individually or in the aggregate has had, or could
reasonably be expected to have, a Material Adverse Effect. 
 4.16 No Defaults. Except as described in Schedule 4.16, neither Holdings
nor any of its Subsidiaries is in default in the performance, observance or fulfillment of any of the obligations, covenants or conditions contained in any of its Contractual Obligations, and no condition exists which, with the giving of notice or
the lapse of time or both, could constitute such a default, except, in each case, where the consequences, direct or indirect, of such default or defaults, if any, could not reasonably be expected to have a Material Adverse Effect. No Default has
occurred and is continuing. 
 4.17 Material Contracts. Schedule 4.17 contains a true, correct and complete list of all the Material
Contracts in effect on the Closing Date. All such Material Contracts are in full force and effect and no defaults currently exist thereunder. 
  

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 4.18 Governmental Regulation. Neither Holdings nor any of its Subsidiaries is subject to
regulation under the Public Utility Holding Company Act of 2005, the Federal Power Act or the Investment Company Act of 1940 or under any other federal or state statute or regulation which may limit its ability to incur Indebtedness or which may
otherwise render all or any portion of the Obligations unenforceable. Neither Holdings nor any of its Subsidiaries is a “registered investment company” or a company “controlled” by a “registered investment company” or a
“principal underwriter” of a “registered investment company” as such terms are defined in the Investment Company Act of 1940. 
 4.19 Margin Stock. Neither Holdings nor any of its Subsidiaries is engaged in the business of extending credit for the purpose of purchasing or carrying any Margin Stock. No part of the proceeds of the Loans made to such Credit Party
will be used to purchase or carry any such Margin Stock or to extend credit to others for the purpose of purchasing or carrying any such Margin Stock or for any purpose that violates, or is inconsistent with, the provisions of Regulation T, U or X
of the Board of Governors of the Federal Reserve System. 
 4.20 Employee Matters. Holdings and each of its Subsidiaries has good
labor relations. Holdings, its Subsidiaries, and their respective employees, agents and representatives have not committed any material unfair labor practice as defined in the National Labor Relations Act. Neither Holdings nor any of its
Subsidiaries has been or is engaged in any unfair labor practice that could reasonably be expected to have a Material Adverse Effect. There has been and is (a) no unfair labor practice charge or complaint pending against Holdings or any of its
Subsidiaries, or to the best knowledge of Holdings and Company, threatened against any of them before the National Labor Relations Board or any other Governmental Authority and no grievance or arbitration proceeding arising out of or under any
collective bargaining agreement or similar agreement that is so pending against Holdings or any of its Subsidiaries or to the best knowledge of Holdings and Company, threatened against any of them, (b) no labor dispute, strike, lockout,
slowdown or work stoppage in existence or threatened against, involving or affecting Holdings or any of its Subsidiaries that could reasonably be expected to have a Material Adverse Effect, (c) no labor union, labor organization, trade union,
works council, or group of employees of Holdings or any of its Subsidiaries has made a pending demand for recognition or certification, and there are no representation or certification proceedings or petitions seeking a representation proceeding
presently pending or threatened to be brought or filed with the National Labor Relations Board or any other Governmental Authority, and (d) to the best knowledge of Holdings and Company, no union representation question existing with respect to
any of the employees of Holdings or any of its Subsidiaries and, to the best knowledge of Holdings and Company, no labor union organizing activity with respect to any employees of Holdings or any of its Subsidiaries that is taking place, except
(with respect to any matter specified in clause (a), (b), (c), or (d) above, either individually or in the aggregate) such as is not reasonably likely to have a Material Adverse Effect. 
 4.21 Employee Benefit Plans. Holdings, each of its Subsidiaries and each of their respective ERISA Affiliates are in material compliance with all
applicable provisions and requirements of ERISA and the Internal Revenue Code and the regulations and published interpretations thereunder with respect to each Employee Benefit Plan, and have performed all their material obligations under each
Employee Benefit Plan. Each Employee Benefit Plan which is intended to qualify under Section 401(a) of the Internal Revenue Code has received a 
  

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 favorable determination letter from the Internal Revenue Service indicating that such Employee Benefit Plan is so
qualified and nothing has occurred subsequent to the issuance of such determination letter which would cause such Employee Benefit Plan to lose its qualified status. No liability to the PBGC (other than required premium payments) or the Internal
Revenue Service has been or is expected to be incurred by Holdings, any of its Subsidiaries or any of their ERISA Affiliates with respect to any Employee Benefit Plan. No ERISA Event has occurred or is reasonably expected to occur. Except to the
extent required under Section 4980B of the Internal Revenue Code or similar state laws, or otherwise funded entirely by the participants thereof, no Employee Benefit Plan provides health or welfare benefits (through the purchase of insurance or
otherwise) for any retired or former employee of Holdings, any of its Subsidiaries or any of their respective ERISA Affiliates. The present value of the aggregate benefit liabilities under each Pension Plan sponsored, maintained or contributed to by
Holdings, any of its Subsidiaries or any of their ERISA Affiliates (determined as of the end of the most recent plan year on the basis of the actuarial assumptions specified for funding purposes in the most recent actuarial valuation for such
Pension Plan), did not exceed the aggregate current value of the assets of such Pension Plan. Neither Holdings, any of its Subsidiaries nor any of their respective ERISA Affiliates has now or at any time contributed to, sponsored, or maintained a
Multiemployer Plan. As of the most recent valuation date for each Multiemployer Plan for which the actuarial report is available, the potential liability of Holdings, its Subsidiaries and their respective ERISA Affiliates for a complete or partial
withdrawal from such Multiemployer Plan (within the meaning of Section 4203 or Section 4205 of ERISA), when aggregated with such potential liability for a complete or partial withdrawal from all Multiemployer Plans, is zero. Holdings, each
of its Subsidiaries and each of their ERISA Affiliates have complied with the requirements of Section 515 of ERISA with respect to each Multiemployer Plan and are not in material “default” (as defined in Section 4219(c)(5) of
ERISA) with respect to payments to a Multiemployer Plan. 
 4.22 Certain Fees. Except for the Fee Letter and as permitted by
Section 10.2, no broker’s or finder’s fee or commission will be payable with respect hereto or any of the transactions contemplated hereby. 
 4.23 Solvency. Each Credit Party is and, upon the incurrence of any Credit Extension by such Credit Party on any date on which this representation and warranty is made, will be, Solvent. 
 4.24 Related Agreements. 
 (a)
Delivery. Holdings and Company have delivered to Administrative Agent complete and correct copies of each Related Agreement and of all exhibits and schedules thereto as of the date hereof. 
 (b) Representations and Warranties. Except to the extent otherwise expressly set forth herein or in the schedules hereto, and subject to the
qualifications set forth therein, each of the representations and warranties given by any Credit Party in any Related Agreement is true and correct in all material respects as of the Closing Date (or as of any earlier date to which such
representation and warranty specifically relates). Notwithstanding anything in the Related Agreement to the contrary, the representations and warranties of each Credit Party set forth in this Section 4.24 shall, solely for purposes hereof,
survive the Closing Date for the benefit of Lenders. 
  

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 (c) Governmental Approvals. All Governmental Authorizations and all other authorizations,
approvals and consents of any other Person required by the Related Agreements or to consummate the Transactions have been obtained and are in full force and effect, except as disclosed in Schedule 4.5. 
 (d) Conditions Precedent. On the Closing Date, (i) all of the conditions to effecting or consummating the Transactions set forth in the
Related Agreements have been duly satisfied or, with the consent of Administrative Agent, waived, and (ii) upon the funding of the Term Loans in full hereunder, the Transactions shall become effective in accordance with the Related Agreements
and all applicable laws. 
 4.25 Compliance with Statutes, etc. Each of Holdings and its Subsidiaries is in compliance with its
organizational documents and all applicable statutes, regulations and orders of, and all applicable restrictions imposed by, all Governmental Authorities, in respect of the conduct of its business and the ownership of its property (including
compliance with all applicable Environmental Laws and the requirements of any permits issued under such Environmental Laws), except such non compliance that, individually or in the aggregate, could not reasonably be expected to result in a Material
Adverse Effect. 
 4.26 Disclosure. No representation or warranty of any Credit Party contained in any Credit Document and none of the
reports, financial statements or other documents, certificates or written statements furnished to Lenders by or on behalf of Holdings or any of its Subsidiaries for use in connection with the transactions contemplated hereby contains any untrue
statement of a material fact or omits to state a material fact (known to Holdings or Company, in the case of any document not furnished by either of them) necessary in order to make the statements contained herein or therein not misleading in light
of the circumstances in which the same were made. Any projections and pro forma financial information contained in such materials are based upon good faith estimates and assumptions believed by Holdings or Company to be reasonable at the time made,
it being recognized by Lenders that such projections as to future events are not to be viewed as facts and that actual results during the period or periods covered by any such projections may differ from the projected results. There are no
agreements, instruments and corporate or other restrictions to which any Credit Party is subject and there are no facts known (or which should upon the reasonable exercise of diligence be known) to Holdings or Company (other than matters of a
general economic nature) that, individually or in the aggregate, could reasonably be expected to result in a Material Adverse Effect and that have not been disclosed herein or in such other documents, certificates and statements furnished to Lenders
for use in connection with the transactions contemplated hereby. 
 4.27 Terrorism Laws. Each Credit Party is in compliance, in all
material respects, with the Terrorism Laws. No part of the proceeds of the Loans will be used, directly or indirectly, for any payments to any governmental official or employee, political party, official of a political party, candidate for political
office, or anyone else acting in an official capacity in violation of the United States Foreign Corrupt Practices Act of 1977, as amended. 
  

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 4.28 Insurance. The properties of Holdings and each of its Subsidiaries are adequately insured
with financially sound and reputable insurers and in such amounts, with such deductibles and covering such risks and otherwise on terms and conditions as are customarily carried or maintained by Persons of established reputation of similar size and
engaged in similar businesses and such insurance complies with the requirements of Section 5.5. Schedule 4.28 sets forth a list of all insurance maintained by or on behalf of the Credit Parties and each of their Subsidiaries as of the Closing
Date and, as of the Closing Date, all premiums in respect of such insurance have been paid. 
 4.29 Corporate Separateness. Holdings
and each of its Subsidiaries are legal entities that are separate from each other and each of their respective Affiliates, and each of Holdings and its Subsidiaries takes reasonable steps to make it manifest to third parties that its assets and
liabilities are distinct from those of any Affiliate. Without limiting the generality of the foregoing, each of Holdings and its Subsidiaries (a) keeps its property separate from, and not commingled with, the property of any Affiliate,
(b) pays solely from its assets all obligations or liabilities of any kind incurred by it, (c) conducts its business solely in its own name, and hold itself out as a separate entity from its Affiliates, (d) maintains its books,
records and financial statements on a separate basis from those of any other Person, (e) corrects any known misunderstanding regarding its separate identity, and (f) observes all organizational formalities regarding its existence,
including paying the salaries of its own employees, if any (or paying a proportionate share of the salary of any employee of any Affiliate who performs work for both such Credit Party and such Affiliate). 
 4.30 Security Interest in Collateral. The provisions of this Agreement and the other Credit Documents create legal and valid Liens on all the
Collateral in favor of the Collateral Agent, for the benefit of the Collateral Agent and the Lenders, and, upon filing of the financing statements and the taking of actions described in Schedule 4.30, such Liens shall constitute perfected and
continuing Liens on the Collateral, securing the Obligations, enforceable against the applicable Credit Party and all third parties, and having priority over all other Liens on the Collateral except in the case of (a) Permitted Liens, to the
extent any such Permitted Liens would have priority over the Liens in favor of the Collateral Agent pursuant to any applicable law or agreement and (b) Liens perfected only by possession or control (including possession of any certificate of
title) to the extent the Collateral Agent has not obtained or does not maintain possession or control of such Collateral. All Governmental Approvals, filings and recordings necessary or desirable to perfect such Liens will be duly effected or taken
on or promptly following the Closing Date. 
 4.31 Affiliate Transactions. Except as set forth on Schedule 4.31, as of the date of
this Agreement, there are no existing or proposed agreements, arrangements, understandings, or transactions between any Credit Party and any of the officers, members, managers, directors, stockholders, parents, other interest holders, employees, or
Affiliates (other than Subsidiaries) of any Credit Party or any members of their respective immediate families, and none of the foregoing Persons are directly or indirectly indebted to or have any direct or indirect ownership, partnership, or voting
interest in any Affiliate of any Credit Party or any Person with which any Credit Party has a business relationship or which competes with any Credit Party (except that any such Persons may own stock in (but not exceeding two percent (2.0%) of
the outstanding Equity Interests of) any publicly traded company that may compete with a Credit Party. 
  

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 4.32 Intellectual Property. Each Credit Party and its Subsidiaries owns, or is licensed to use,
all trademarks, tradenames, copyrights, patents and other intellectual property necessary to its business as currently conducted, a correct and complete list of which, as of the date of this Agreement, is set forth on Schedule 4.32, and the use
thereof by the Credit Parties and its Subsidiaries does not infringe in any material respect upon the rights of any other Person, and the Credit Parties rights thereto are not subject to any licensing agreement or similar arrangement. Each Credit
Party has taken reasonable measures to protect the secrecy, confidentiality and value of all trade secrets used in its business (collectively, the “Business Trade Secrets”). To the best knowledge of each Credit Party, none of the
Business Trade Secrets have been disclosed to any Person other than employees or contractors of the Credit Parties who had a need to know and use such Business Trade Secrets in the ordinary course of employment or contract performance and who
executed appropriate confidentiality agreements prohibiting the unauthorized use or disclosure of such Business Trade Secrets and containing other terms reasonably necessary or appropriate for the protection and maintenance of such Business Trade
Secrets. To the best knowledge of each Credit Party, no unauthorized disclosure of any Business Trade Secrets has been made. 
 4.33
Permits, Etc. Each Credit Party has, and is in compliance with, all permits, licenses, authorizations, approvals, entitlements and accreditations required for such Person lawfully to own, lease, manage or operate, or to acquire, each
business currently owned, leased, managed or operated, or to be acquired, by such Person, which, if not obtained, could not reasonably be expected to have a Material Adverse Effect. No condition exists or event has occurred which, in itself or with
the giving of notice or lapse of time or both, would result in the suspension, revocation, impairment, forfeiture or non-renewal of any such permit, license, authorization, approval, entitlement or accreditation, and there is no claim that any
thereof is not in full force and effect, except, to the extent any such condition, event or claim could not be reasonably be expected to have a Material Adverse Effect. 
 4.34 GBGH. All representations and warranties of GBGH in the Related Agreements are true and correct on and as of the Closing Date. 
 4.35 USEB. Except as described in Schedule 4.16, there is no default under the Amended Countryside Note Purchase Agreement. 
 4.36 Warrants. All representations and warranties in the Warrant Agreement and the Warrants are true and correct on and as of the Closing Date.

 4.37 Additional Agreements. All agreements, fee letters, warrants, proposal letters, and other such documents between Holdings or
any of its Subsidiaries and Credit Suisse, Credit Suisse Securities (USA) LLC, Kenmont, or Silver Point are listed on Schedule 4.37. 
 SECTION 5. AFFIRMATIVE COVENANTS 
 Each Credit Party covenants and agrees that so long as any Commitment is in effect and
until payment in full of all Obligations, each Credit Party shall perform, and shall cause each of its Subsidiaries to perform, all covenants in this Section 5. 
  

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 5.1 Financial Statements and Other Reports. 
 Unless otherwise provided below, Holdings will deliver to Administrative Agent and Lenders: 
 (a) Monthly Reports. As soon as available, and in any event within thirty (30) days after the end of each month (including months which began
prior to the Closing Date), the consolidated and consolidating balance sheet of Holdings and its Subsidiaries as at the end of such month and the related consolidated (and with respect to statements of income, consolidating) statements of income,
stockholders’ equity and cash flows of Holdings and its Subsidiaries for such month and for the period from the beginning of the then current Fiscal Year to the end of such month, setting forth in each case in comparative form the corresponding
figures for the corresponding periods of the previous Fiscal Year and the corresponding figures from the Financial Plan for the current Fiscal Year, all in reasonable detail, together with a Financial Officer Certification and a Narrative Report
with respect thereto and any other operating reports prepared by management for such period; provided, however, that such monthly financial statements may be provided on an unconsolidated basis prior to October 2006. 
 (b) Quarterly Financial Statements. As soon as available, and in any event within forty-five (45) days after the end of each Fiscal Quarter
of each Fiscal Year (excluding the fourth Fiscal Quarter), the consolidated and consolidating balance sheets of Holdings and its Subsidiaries as at the end of such Fiscal Quarter and the related consolidated (and with respect to statements of
income, consolidating) statements of income, stockholders’ equity and cash flows of Holdings and its Subsidiaries for such Fiscal Quarter and for the period from the beginning of the then current Fiscal Year to the end of such Fiscal Quarter,
setting forth in each case in comparative form the corresponding figures for the corresponding periods of the previous Fiscal Year and the corresponding figures from the Financial Plan for the current Fiscal Year, all in reasonable detail, together
with a Financial Officer Certification and a Narrative Report with respect thereto; 
 (c) Annual Financial Statements. As soon as
available, and in any event within ninety (90) days after the end of each Fiscal Year, (i) the consolidated and consolidating balance sheets of Holdings and its Subsidiaries as at the end of such Fiscal Year and the related consolidated
(and with respect to statements of income, consolidating) statements of income, stockholders’ equity and cash flows of Holdings and its Subsidiaries for such Fiscal Year, setting forth in each case in comparative form the corresponding figures
for the previous Fiscal Year and the corresponding figures from the Financial Plan for the Fiscal Year covered by such financial statements, in reasonable detail, together with a Financial Officer Certification and a Narrative Report with respect
thereto; and (ii) with respect to such financial statements a report thereon of Weiser LLP or other independent certified public accountants of recognized national standing selected by Holdings, and reasonably satisfactory to Administrative
Agent (which report shall be unqualified as to going concern and scope of audit (and shall not contain any explanatory paragraph or paragraph of emphasis with respect to going concern), and shall state that such consolidated financial statements
fairly present, in all material respects, the consolidated financial position of Holdings and its Subsidiaries as at the dates indicated and the results of their operations and their cash flows for the periods indicated in conformity with

  

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 GAAP applied on a basis consistent with prior years (except as otherwise disclosed in such financial statements) and that
the examination by such accountants in connection with such consolidated financial statements has been made in accordance with generally accepted auditing standards) together with a written statement by such independent certified public accountants
stating (1) that their audit examination has included a review of the terms of the Credit Documents, (2) whether, in connection therewith, any condition or event that constitutes a Default or an Event of Default has come to their attention
and, if such a condition or event has come to their attention, specifying the nature and period of existence thereof, and (3) that nothing has come to their attention that causes them to believe that the information contained in any Compliance
Certificate is not correct or that the matters set forth in such Compliance Certificate are not stated in accordance with the terms hereof and (4) if Holdings is then subject to Section 404 of the Sarbanes-Oxley Act of 2002, an attestation
report as to management’s report on Holding’s internal control over financial reporting showing no Internal Control Event or Events; 
 (d) Compliance Certificate. Together with each delivery of financial statements of Holdings and its Subsidiaries pursuant to Sections 5.1(a), 5.1(b) and 5.1(c), a duly executed and completed Compliance Certificate; 
 (e) Statements of Reconciliation after Change in Accounting Principles. If, as a result of any change in accounting principles and policies (or
the application thereof) from those used in the preparation of the Historical Financial Statements, the consolidated financial statements of Holdings and its Subsidiaries delivered pursuant to Section 5.1(b) or 5.1(c) will differ in any
material respect from the consolidated financial statements that would have been delivered pursuant to such subdivisions had no such change in accounting principles and policies been made, then, together with the first delivery of such financial
statements after such change, one or more statements of reconciliation for all such prior financial statements in form and substance satisfactory to Administrative Agent; 
 (f) Notice of Default. Promptly upon its knowledge thereof, written notice (i) of any condition or event that constitutes a Default or an
Event of Default or that notice has been given to Holdings or Company with respect thereto; (ii) that any Person has given any notice to Holdings or any of its Subsidiaries or taken any other action with respect to any event or condition set
forth in Section 8.1(b); or (iii) of the occurrence of any event or change that has caused or evidences, either in any case or in the aggregate, a Material Adverse Effect, or (iv) the occurrence of any Internal Control Event which is
required to be publicly disclosed of which any officer of Holdings or Company has knowledge, which notice shall be accompanied by a certificate of its Authorized Officers specifying the nature and period of existence of such condition, event or
change, or specifying the notice given and action taken by any such Person and the nature of such claimed Event of Default, Default, default, event or condition, and what action Holdings or Company has taken, is taking and proposes to take with
respect thereto; 
 (g) Notice of Litigation. Promptly upon its knowledge thereof, written notice of (i) the institution of, or
threat of, any Adverse Proceeding not previously disclosed in writing by Company to Lenders, or (ii) any development in any Adverse Proceeding that, in the case of either clause (i) or (ii) if adversely determined, could be reasonably
expected to have a Material Adverse Effect, or seeks to enjoin or otherwise prevent the consummation of, or to recover any damages or obtain relief as a result of, the transactions contemplated hereby, or 
  

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 which arises in respect of any material Indebtedness of Holdings or its Subsidiaries or alleges any criminal misconduct
by any Credit Party together in each case with such other information as may be reasonably available to Holdings or Company to enable Lenders and their counsel to evaluate such matters; 
 (h) ERISA. (i) The occurrence of or forthcoming occurrence of any ERISA Event, a written notice specifying the nature thereof, what action
Holdings, any of its Subsidiaries or any of their respective ERISA Affiliates has taken, is taking or proposes to take with respect thereto and, when known, any action taken or threatened by the Internal Revenue Service, the Department of Labor or
the PBGC with respect thereto; and (ii) with reasonable promptness, copies of (1) each Schedule B (Actuarial Information) to the annual report (Form 5500 Series) filed by Holdings, any of its Subsidiaries or any of their respective ERISA
Affiliates with the Internal Revenue Service with respect to each Pension Plan; (2) all notices received by Holdings, any of its Subsidiaries or any of their respective ERISA Affiliates from a Multiemployer Plan sponsor concerning an ERISA
Event; and (3) copies of such other documents or governmental reports or filings relating to any Employee Benefit Plan as Administrative Agent shall reasonably request; 
 (i) Financial Plan. As soon as practicable and in any event no later than thirty (30) days prior to the beginning of each Fiscal Year, a
consolidated plan and financial forecast for such Fiscal Year and each Fiscal Year (or portion thereof) through the final maturity date of the Loans (a “Financial Plan”), including (i) a forecasted consolidated and
consolidating balance sheet and forecasted consolidated and consolidating statements of income and cash flows of Holdings and its Subsidiaries for each such Fiscal Year, together with pro forma Compliance Certificates for each such Fiscal Year and
an explanation of the assumptions on which such forecasts are based, (ii) forecasted consolidated statements of income and cash flows of Holdings and its Subsidiaries for each month of each such Fiscal Year, and (iii) forecasts
demonstrating adequate liquidity through the final maturity date of the Loans, together, in each case, with an explanation of the assumptions on which such forecasts are based all in form and substance reasonably satisfactory to Agents and
accompanied by a certificate from the chief financial officer of Holdings certifying that the projections contained therein are based upon good faith estimates and assumptions believed by Holdings to be reasonable at the time made and at the time of
delivery thereof; 
 (j) Insurance Report. On or before June 30 of each Fiscal Year, a report in form and substance satisfactory
to Administrative Agent outlining all material insurance coverage maintained as of the date of such report by Holdings and its Subsidiaries and all material insurance coverage planned to be maintained by Holdings and its Subsidiaries in the
immediately succeeding Fiscal Year; 
 (k) Notice of Change in Board of Directors. With reasonable promptness, written notice of any
change in the board of directors (or similar governing body) of Holdings or Company; 
 (l) Notice Regarding Material Contracts.
Promptly, and in any event within ten Business Days (i) after any Material Contract of Holdings or any of its Subsidiaries is terminated or amended in a manner that is materially adverse to Holdings or such Subsidiary, as 
  

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 the case may be, or that any Credit Party determines in good faith to be material to Administrative Agent or the Lenders
or (ii) any new Material Contract is entered into, a written statement describing such event, with copies of such material amendments or new contracts, delivered to Administrative Agent (to the extent such delivery is permitted by the terms of
any such Material Contract, provided, no such prohibition on delivery shall be effective if it were bargained for by Holdings or its applicable Subsidiary with the intent of avoiding compliance with this Section 5.1(l)), and an explanation of
any actions being taken with respect thereto; 
 (m) Environmental Reports and Audits. As soon as practicable following receipt
thereof, copies of all environmental audits and reports with respect to environmental matters at any location or which relate to any environmental liabilities of Holdings or its Subsidiaries which, in any such case, individually or in the aggregate,
could reasonably be expected to result in a Material Adverse Effect; 
 (n) Information Regarding Collateral. (a) Company will
furnish to Collateral Agent prompt written notice, and in any event within thirty (30) days of such occurrence, of any change (i) in any Credit Party’s corporate name, (ii) in any Credit Party’s identity or corporate
structure, or (iii) in any Credit Party’s Federal Taxpayer Identification Number. Each Credit Party agrees not to effect or permit any change referred to in the preceding sentence unless all filings have been made under the Uniform
Commercial Code or otherwise that are required in order for Collateral Agent to continue at all times following such change to have a valid, legal and perfected security interest in all the Collateral and for the Collateral at all times following
such change to have a valid, legal and perfected security interest as contemplated in the Collateral Documents. Company will furnish to Administrative Agent prompt written notice of any Lien (other than Permitted Liens) or claims made or asserted
against any Collateral or interest therein. Company also agrees promptly to notify Collateral Agent in writing if any material portion of the Collateral is lost, damaged or destroyed; 
 (o) Annual Collateral Verification. Each year, at the time of delivery of annual financial statements with respect to the preceding Fiscal Year
pursuant to Section 5.1(c), Company shall deliver to Collateral Agent an Officer’s Certificate (i) either confirming that there has been no change in such information since the date of the Collateral Questionnaire delivered on the
Closing Date or the date of the most recent certificate delivered pursuant to this Section and/or identifying such changes, or (ii) certifying that all Uniform Commercial Code financing statements (including fixture filings, as applicable) or
other appropriate filings, recordings or registrations, have been filed of record in each governmental, municipal or other appropriate office in each jurisdiction identified in the Collateral Questionnaire or pursuant to clause (i) above to the
extent necessary to protect and perfect the security interests under the Collateral Documents for a period of not less than 18 months after the date of such certificate (except as noted therein with respect to any continuation statements to be filed
within such period); 
 (p) Aging Reports. Together with each delivery of financial statements of Company and each other Credit Party
pursuant to Sections 5.1(a), 5.1(b), and 5.1(c), (i) a summary of the accounts receivable aging report of each Credit Party as of the end of such period, and (ii) a summary of accounts payable aging report of each Credit Party as of the
end of such period, in each case in form and substance satisfactory to Administrative Agent; 
  

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 (q) Tax Returns. As soon as practicable and in any event within fifteen (15) days following
the filing thereof, copies of each federal income tax return filed by or on behalf of any Credit Party; 
 (r) Good Standing
Certificates. Within ten (10) Business Days of the first Business Day of each March, a certificate of good standing for each Credit Party from the appropriate governmental officer in its jurisdiction of incorporation, formation or
organization; 
 (s) Reserve Reports. (i) As soon as available and in any event within 60 days after the end of each Fiscal
Year, a report from the Independent Natural Gas Development Consultant in form and substance satisfactory to the Administrative Agent, with respect to the proven and probable natural gas reserves of the GBGH and its Subsidiaries as of the end of
such Fiscal Year; (ii) as soon as available and in any event within 30 days after the end of each fiscal quarter other than the fiscal quarter coinciding with the end of each Fiscal Year, a certificate of a Responsible Officer of the Company in
form and substance satisfactory to the Administrative Agent, with respect to the proven and probable natural gas reserves of the GBGH and its Subsidiaries as of the end of such fiscal quarter, which certificate shall be confirmed by the Independent
Natural Gas Development Consultant; (iii) in addition to the reports delivered pursuant to clauses (i) and (ii) above, at the request of the Administrative Agent (which may not occur more that once per year), the Company will deliver
a report from the Independent Natural Gas Consultant in form satisfactory to the Administrative Agent within sixty (60) days of the request. 
 (t) Documentation relating to the GBGH Debt and the Countryside Debt. As soon as practicable, copies of all documentation delivered to or by Holdings and its Subsidiaries under or pursuant to the GBGH First Lien Credit Agreement,
GBGH Second Lien Credit Agreement, and the Countryside Debt, including, without limitation, all notices and financial reports, each certified by a Responsible Officer of Company as being true and correct in all respects as of the date of delivery;

 (u) Violations of Terrorism Laws. Promptly (i) if any Credit Party obtains knowledge that any Credit Party or any Person
which owns, directly or indirectly, any Capital Securities of any Credit Party, or any other holder at any time of any direct or indirect equitable, legal or beneficial interest therein is the subject of any of the Terrorism Laws, such Credit Party
will notify Administrative Agent and (ii) upon the request of any Lender, such Credit Party will provide any information such Lender believes is reasonably necessary to be delivered to comply with the Patriot Act; and 
 (v) Other Information. (A) Promptly upon their becoming available, copies of (i) all financial statements, reports, notices and proxy
statements sent or made available generally by Holdings to its security holders acting in such capacity or by any Subsidiary of Holdings to its security holders other than Holdings or another Subsidiary of Holdings, (ii) all regular and
periodic reports and all registration statements and prospectuses, if any, filed by Holdings or any of its Subsidiaries with any securities exchange or with the Securities and Exchange Commission or any governmental or private regulatory authority,
(iii) all press releases and other statements made available generally by Holdings or any of its Subsidiaries to the public concerning material developments in the business of Holdings or any of its 
  

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 Subsidiaries, (B) promptly after submission to any Governmental Authority, all documents and information furnished
to such Governmental Authority in connection with any investigation of any Credit Party (other than any routine inquiry), (C) promptly upon receipt thereof, copies of all financial reports submitted to any Credit Party by its auditors in
connection with any audit of the books thereof and (C) such other information and data with respect to Holdings or any of its Subsidiaries as from time to time may be reasonably requested by Administrative Agent. 
 5.2 Existence. Each Credit Party will, and will cause each of its Subsidiaries to, at all times preserve and keep in full force and effect
its existence and all rights and governmental authorizations, qualifications, franchises, licenses and permits material to its business and to conduct its business in each jurisdiction in which its business is conducted; provided, no Credit
Party or any of its Subsidiaries shall be required to preserve any such existence, right or governmental authorizations, qualifications, franchise, licenses and permits if such Person’s board of directors (or similar governing body) shall
determine that the preservation thereof is no longer desirable in the conduct of the business of such Person, and that the loss thereof is not disadvantageous in any material respect to such Person or to Lenders. 
 5.3 Payment of Taxes and Claims. Each Credit Party will, and will cause each of its Subsidiaries to, pay and discharge all Taxes imposed
upon it or any of its properties or assets or in respect of any of its income, businesses or franchises before any penalty or fine accrues thereon, and all claims (including claims for labor, services, materials and supplies) for sums that have
become due and payable and that by law have or may become a Lien upon any of its properties or assets, prior to the time when any penalty or fine shall be incurred with respect thereto; provided, no such Tax or claim need be paid if it is
being contested in good faith by appropriate proceedings promptly instituted and diligently conducted, so long as (a) adequate reserve or other appropriate provision, as shall be required in conformity with GAAP shall have been made therefor,
and (b) in the case of a Tax or claim which has or may become a Lien against any of the Collateral, such contest proceedings conclusively operate to stay the sale of any portion of the Collateral to satisfy such Tax or claim. No Credit Party
will, nor will it permit any of its Subsidiaries to, file or consent to the filing of any consolidated income tax return with any Person (other than Holdings or any of its Subsidiaries). 
 5.4 Maintenance of Properties. Each Credit Party will, and will cause each of its Subsidiaries to, (a) maintain or cause to be
maintained in good repair, working order and condition, ordinary wear and tear excepted, all material properties used or useful in the business of Holdings and its Subsidiaries and from time to time will make or cause to be made all appropriate
repairs, renewals and replacements thereof and (b) comply at all times with the provisions of all material leases to which it is a party as lessee or under which it occupies property, so as to prevent any loss or forfeiture thereof or
thereunder. 
 5.5 Insurance. Holdings will maintain or cause to be maintained, with financially sound and reputable insurers,
(i) business interruption insurance reasonably satisfactory to Administrative Agent, and (ii) casualty insurance, such public liability insurance, third party property damage insurance with respect to liabilities, losses or damage in
respect of the assets, properties and businesses of Holdings and its Subsidiaries as are customarily carried or maintained under similar circumstances by Persons of established reputation of similar size and engaged in similar businesses, in each
case in such amounts (giving effect to self insurance 
  

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 which comports with the requirements of this Section and provided that adequate reserves therefor are maintained in
accordance with GAAP), with such deductibles, covering such risks and otherwise on such terms and conditions as shall be customary for such Persons. Without limiting the generality of the foregoing, Holdings will maintain or cause to be maintained
replacement value casualty insurance on the Collateral under such policies of insurance, with such insurance companies (or pursuant to an operating or services agreement), in such amounts, with such deductibles, and covering such risks as are at all
times carried or maintained under similar circumstances by Persons of established reputation of similar size and engaged in similar businesses. Each such policy of insurance shall (i) name Collateral Agent, on behalf of Lenders as an additional
insured thereunder as its interests may appear, and (ii) in the case of each casualty insurance policy, contain a loss payable clause or endorsement, satisfactory in form and substance to Collateral Agent, that names Collateral Agent, on behalf
of Secured Parties, as the loss payee thereunder and provides for at least thirty (30) days’ prior written notice to Collateral Agent of any modification or cancellation of such policy and that no act or default of Holdings or any other
Person shall affect the right of the Collateral Agent to recover under such policy or policies in case of loss or damage. 
 5.6 Books and
Records; Inspections. Each Credit Party will, and will cause each of its Subsidiaries to, (a) keep adequate books of record and account in which full, true and correct entries are made of all dealings and transactions in relation to its
business and activities and (b) permit, subject to compliance with Section 10.18, any representatives designated by Administrative Agent or any Lender (including employees of Administrative Agent, any Lender or any consultants,
accountants, lawyers and appraisers retained by Administrative Agent) to visit and inspect any of the properties of any Credit Party and any of its respective Subsidiaries, to inspect, copy and take extracts from its and their financial and
accounting records, and to discuss its and their affairs, finances and accounts with its and their officers and independent accountants, all upon reasonable notice and at such reasonable times during normal business hours (so long as no Default or
Event of Default has occurred and is continuing) and as often as may reasonably be requested and by this provision the Credit Parties authorize such accountants to discuss with Administrative Agent and Lender and such representatives the affairs,
finances and accounts of Holdings and its Subsidiaries. The Credit Parties acknowledge that Administrative Agent, after exercising its rights of inspection, may prepare and distribute to the Lenders certain reports pertaining to the Credit
Parties’ assets for internal use by Administrative Agent and the Lenders. After the occurrence and during the continuance of any Event of Default, each Credit Party shall provide Administrative Agent and each Lender with access to its customers
and suppliers. 
 5.7 Lenders Meetings. Holdings and Company will, upon the request of Administrative Agent or Requisite Lenders,
participate in a meeting of Administrative Agent and Lenders once during each Fiscal Year to be held at Company’s corporate offices (or at such other location as may be agreed to by Company and Administrative Agent) at such time as may be
agreed to by Company and Administrative Agent. 
 5.8 Compliance with Laws. Each Credit Party will comply, and shall cause each
of its Subsidiaries to comply, with the requirements of all applicable laws, rules, regulations and orders of any Governmental Authority (including all Environmental Laws). Each Credit Party shall take all reasonable and necessary actions to ensure
that no portion of the Loans will be used, 
  

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 disbursed or distributed for any purpose, or to any Person, directly or indirectly, in violation of any of the Terrorism
Laws and shall take all reasonable and necessary action to comply in all material respects with all Terrorism Laws with respect thereto. 
 5.9 Further Assurances. At any time or from time to time upon the request of Administrative Agent, each Credit Party will, at its expense, promptly execute, acknowledge and deliver such further documents and do such other acts
and things as Administrative Agent or Collateral Agent may reasonably request in order to effect fully the purposes of the Credit Documents, including providing Lenders with any information reasonably requested pursuant to Section 10.22. In
furtherance and not in limitation of the foregoing, each Credit Party shall take such actions as Administrative Agent or Collateral Agent may reasonably request from time to time to ensure that the Obligations are guarantied by the Guarantor and are
secured by substantially all of the assets of Holdings and its Subsidiaries and all of the outstanding Capital Stock of Company and its Subsidiaries (subject to limitations contained in the Credit Documents with respect to Foreign Subsidiaries).

 5.10 Miscellaneous Business Covenants. Unless otherwise consented to by Agents and Requisite Lenders: 
 (a) Non-Consolidation. Holdings will and will cause each of its Subsidiaries to: (i) maintain entity records and books of account separate
from those of any other entity which is an Affiliate of such entity; (ii) not commingle its funds or assets with those of any other entity which is an Affiliate of such entity; and (iii) provide that its board of directors or other
analogous governing body will hold all appropriate meetings to authorize and approve such entity’s actions, which meetings will be separate from those of other entities. 
 (b) Cash Management Systems. Holdings and its Subsidiaries shall establish and maintain cash management systems reasonably acceptable to
Administrative Agent, including with respect to blocked account arrangements. Holdings and its Subsidiaries shall not deposit Cash or Cash Equivalents into any Deposit Account or Securities Account that is not a Blocked Account. Holdings shall
deliver to Administrative Agent opinions of counsel with respect to the creation and perfection of the security interests in such Blocked Accounts in favor of Collateral Agent, in each case in form and substance similar to such opinions given at
closing with regard to Blocked Accounts existing as of such date. 
 (c) Conduct of Business. Holdings and its Subsidiaries shall
continue to engage in business of the same general types as now conducted by them. 
 5.11 Use of Proceeds. The proceeds of the
Loans will be used only for (i) an equity contribution in GBGH, (ii) general corporate purposes, and (iii) payment of fees and expenses associated with the transactions contemplated by the Credit Documents and the Related Agreements.
No part of the proceeds of any Loan will be used, whether directly or indirectly, for any purpose that entails a violation of any law, including Regulations T, U and X of the Board of Governors of the Federal Reserve System. 
 5.12 Restricted Payments; Excess Cash Flow. The Company shall cause GBGH to distribute to the Company the maximum amount of Excess Cash
Flow permitted to be distributed 
  

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 to the Company pursuant to the GBGH Second Lien Credit Agreement or otherwise, and Holdings shall cause USEB to
distribute to Holdings the maximum amount of Excess Cash Flow permitted to be distributed to Holdings pursuant to the Countryside Debt or otherwise on or after the Distribution Date. Such distributions shall be made no less frequently than the
frequency with which such distributions are required to be made pursuant to the GBGH Second Lien Credit Agreement or the Countryside Debt, as applicable. 
 5.13 Warrants. Each Credit Party shall comply with all of its affirmative and negative covenants in the Warrant Agreement and the Warrants. 
 5.14 GBGH and USEB. The Company shall cause GBGH and Holdings shall cause USEB to comply with all of their respective affirmative and
negative covenants in the Related Agreements and the Countryside Debt. 
 SECTION 6. NEGATIVE COVENANTS 
 Each Credit Party covenants and agrees that, so long as any Commitment is in effect and until payment in full of all Obligations, such Credit Party shall
perform, and shall cause each of its Subsidiaries to perform, all covenants in this Section 6, applicable to such Credit Party or Subsidiary, as the case may be. 
 6.1 Indebtedness. No Credit Party shall, nor shall it permit any of its Subsidiaries to, directly or indirectly, create, incur, assume or guaranty, or otherwise become or remain directly or indirectly
liable with respect to any Indebtedness, except: 
 (a) the Obligations; 
 (b) the GBGH Debt, and any refinancing of the GBGH First Lien Credit Agreement, which refinancing shall be upon terms and conditions acceptable to the
Administrative Agent; 
 (c) the Countryside Debt, and any refinancing thereof, which refinancing shall be upon terms and conditions
acceptable to the Administrative Agent and which shall not exceed the amount of such debt existing as of the date hereof; 
 (d) with
respect to GBGH, purchase money Indebtedness and Capital Leases to the extent permitted in Section 5.02(b) of the GBGH Second Lien Credit Agreement; 
 (e) with respect to USEB, purchase money Indebtedness and Capital Leases to the extent permitted in Section 8.2(g) of the Amended Countryside Note Purchase Agreement; 
 (f) Indebtedness described in Schedule 6.1; and 
 (g) Currency hedges to the extent required under the Amended Countryside Note Purchase Agreement. 
  

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 6.2 Liens. No Credit Party shall, nor shall it permit any of its Subsidiaries to, directly
or indirectly, create, incur, assume or permit to exist any Lien on or with respect to any property or asset of any kind (including any document or instrument in respect of goods or accounts receivable and any Security) of Holdings or any of its
Subsidiaries, whether now owned or hereafter acquired, or any income or profits therefrom, or file or permit the filing of, or permit to remain in effect, any financing statement or other similar notice of any Lien with respect to any such property,
asset, income or profits under the UCC of any State or under any similar recording or notice statute, except: 
 (a) Liens relating to the
GBGH Debt and the Countryside Debt; 
 (b) Liens in favor of Collateral Agent for the benefit of Secured Parties granted pursuant to any
Credit Document; 
 (c) Liens for Taxes if obligations with respect to such Taxes are either not yet due or being contested in good faith by
appropriate proceedings promptly instituted and diligently conducted so long as such reserves or other appropriate provisions, if any, as shall be required by GAAP shall have been made for any such contested amounts; 
 (d) With regard to GBGH, Liens relating to purchase money Indebtedness to the extent permitted in Section 5.02(a)(v) of the GBGH Second Lien Credit
Agreement; 
 (e) With regard to USEB, Liens relating to purchase money Indebtedness to the extent included in the definition of
“Permitted Liens” in the Amended Countryside Note Purchase Agreement; 
 (f) With regard to USEB, Liens imposed by law to the
extent included in the definition of “Permitted Liens” in the Amended Countryside Note Purchase Agreement; 
 (g) Liens incurred
in the ordinary course of business in connection with workers’ compensation, unemployment insurance and other types of social security or pension obligations; 
 (h) other Liens incidental to the conduct of the Credit Parties’ businesses or the ownership of properties or assets which were not incurred in connection with the borrowing of money or the obtaining of advances
or credit (other than vendor’s liens for accounts payable in the ordinary course of business), and which do not in the aggregate materially impair the use thereof in the operation of the Credit Parties’ businesses; and 
 (i) Liens described in Schedule 6.2. 
 6.3 No Further Negative Pledges. Except with respect to (a) specific property encumbered to secure payment of particular Indebtedness and (b) restrictions by reason of customary provisions restricting assignments,
subletting or other transfers contained in leases, licenses and similar agreements entered into in the ordinary course of business (provided that such restrictions are limited to the property or assets secured by such Liens or the property or
assets subject to such leases, licenses or similar agreements, as the case may be) no Credit Party 
  

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 shall, nor shall it permit any of its Subsidiaries to, enter into any agreement prohibiting the creation or assumption of
any Lien upon any of its properties or assets, whether now owned or hereafter acquired. 
 6.4 Restricted Payments. No Credit
Party shall, directly or indirectly, declare, order, pay, make or set apart, or agree to declare, order, pay, make or set apart, any sum for any Restricted Payment. 
 6.5 Investments. No Credit Party shall, nor shall it permit any of its Subsidiaries to, directly or indirectly, make or own any Investment in any Person (other than in GBGH), including, without
limitation, any Joint Venture, except: 
 (a) Investments in Cash and Cash Equivalents; and 
 (b) Investments expressly permitted to be made by GBGH and USEB and any of their Subsidiaries under the terms of the GBGH Debt and the Countryside Debt,
respectively. 
 Notwithstanding the foregoing, in no event shall any Credit Party make any Investment which results in or facilitates in any
manner any Restricted Payment not otherwise permitted under the terms of Section 6.4. 
 6.6 Fundamental Changes; Disposition of
Assets. No Credit Party shall, nor shall it permit any of its Subsidiaries to, enter into any transaction of merger or consolidation, change its form of organization or its business, or liquidate, wind up or dissolve itself (or suffer any
liquidation or dissolution), or convey, sell, lease or sub lease (as lessor or sublessor), exchange, transfer or otherwise dispose of, in one transaction or a series of transactions, all or any part of its business, assets or property of any kind
whatsoever (including the membership interest in GBGH), whether real, personal or mixed and whether tangible or intangible, whether now owned or hereafter acquired, or acquire by purchase or otherwise the business, property or fixed assets of, or
stock or other evidence of beneficial ownership of, any Person or any division or line of business or other business unit of any Person (provided that (i) each of GBGH and USEB and any of their Subsidiaries may merge, consolidate or sell
any part of its business, assets or property, liquidate, wind up or dissolve itself as expressly provided under the terms of the GBGH Debt and the Countryside Debt, respectively and (ii) the Company may transfer its ownership of Capital Stock
in Viking Petroleum UK Limited to GBGH and GBGH may transfer such Capital Stock to UK Energy Systems Limited concurrently with the closing of the GBGH Debt), except: 
 (a) Disposals of obsolete or worn out property up to $500,000 in any Fiscal Year; and 
 (b)(i) sales of
emission credit proceeds, (ii) sales of Section 29 tax credits, and (iii) sales of greenhouse gas emissions credits, in each case, in the ordinary course of business and in no event to exceed $2,000,000 in any Fiscal Year. 

6.7 Subsidiary Interests; Restrictions on Subsidiaries. No Credit Party shall, nor shall it permit any of its Subsidiaries to,
(a) directly or indirectly sell, assign, pledge or otherwise 
  

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 encumber or dispose of any Capital Stock of any of its Subsidiaries, except to qualify directors if required by
applicable law; or (b) directly or indirectly to sell, assign, pledge or otherwise encumber or dispose of any Capital Stock of any of its Subsidiaries, except to another Credit Party (subject to the restrictions on such disposition otherwise
imposed hereunder), or to qualify directors if required by applicable law; provided, in each case, that (i) each of GBGH and USEB and any of their Subsidiaries may merge, consolidate or sell any part of its business, assets, or property,
liquidate, wind up or dissolve itself as expressly provided under the terms of the GBGH Debt and the Countryside Debt, respectively. No Credit Party shall form, organize or incorporate any Subsidiary. 
 6.8 Sales and Lease Backs. No Credit Party shall, nor shall it permit any of its Subsidiaries to, directly or indirectly, become or remain
liable as lessee or as a guarantor or other surety with respect to any lease of any property (whether real, personal or mixed), whether now owned or hereafter acquired, which such Credit Party (a) has sold or transferred or is to sell or to
transfer to any other Person (other than Holdings or any of its Subsidiaries) or (b) intends to use for substantially the same purpose as any other property which has been or is to be sold or transferred by such Credit Party to any Person
(other than Holdings or any of its Subsidiaries) in connection with such lease. 
 6.9 Transactions with Shareholders and Affiliates.
No Credit Party shall, nor shall it permit any of its Subsidiaries to, directly or indirectly, enter into or permit to exist any transaction (including the purchase, sale, lease or exchange of any property or the rendering of any service) with
any holder of five percent (5%) or more of any class of Capital Stock of Holdings or any of its Subsidiaries or with any Affiliate of Holdings or of any such holder, on terms that are less favorable to Holdings or that Subsidiary, as the case
may be, than those that might be obtained at the time from a Person who is not such a holder or Affiliate; provided, the foregoing restriction shall not apply to transactions entered into pursuant to the Credit Documents or the Related
Agreements. 
 6.10 Conduct of Business. From and after the Closing Date, no Credit Party shall, nor shall it permit any of its
Subsidiaries to, engage in any business other than (i) businesses engaged in by such Credit Party or Subsidiary as of the Closing Date and (ii) businesses related to the ownership of its interests in its Subsidiaries or as otherwise
contemplated by the Credit Documents or the Related Agreements and activities incidental thereto. From and after the Closing Date, no Credit Party shall, nor shall it permit any of its Subsidiaries to, make any material changes to operating budgets,
make material changes to the scope of the Project, or make such other decisions that have a material effect on the Project without the consent of the Lenders. Lenders agree, following the receipt of a request for their consent, approval or review
from the Company pursuant to the Credit Documents, that they shall respond to such request in a timely manner so as to permit the Company (and/or GBGH, as applicable) to remain in compliance with any Related Agreement or Credit Document. 

6.11 Amendments or Waivers of Certain Related Agreements. No Credit Party shall nor shall it permit any of its Subsidiaries to, agree to any
material amendment, restatement, supplement or other modification to, or waiver of, any of its material rights under any Related Agreement after the Closing Date without in each case obtaining the prior written consent of Administrative Agent and
Requisite Lenders to such amendment, restatement, supplement or other modification or waiver. 
  

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 6.12 Fiscal Year. No Credit Party shall, nor shall it permit any of its Subsidiaries to change its
Fiscal Year end from December 31. 
 6.13 Deposit Accounts and Securities Accounts. No Credit Party shall establish or
maintain a Deposit Account or a Securities Account that is not a Blocked Account and no Credit Party will deposit proceeds in a Deposit Account or a Securities Account which is not a Blocked Account. 
 6.14 Organizational Agreements and Material Contracts. No Credit Party shall enter into any Material Contract or undertaking except as provided
for in the Credit Documents unless an Authorized Officer of such Credit Party certifies in writing that the transactions contemplated by such Material Contract or undertaking would not reasonably be expected to result in a Material Adverse Effect.
No Credit Party shall (a) amend or permit any amendments to any Credit Party’s Organizational Documents; or (b) amend or permit any amendments to, or terminate or waive any provision of, any Material Contract to which it is a party
unless an Authorized Officer of such Credit Party certifies in writing that such amendment, termination, or waiver would not be reasonably expected to result in a Material Adverse Effect. 
 6.15 Prepayments of Certain Indebtedness. No Credit Party shall, directly or indirectly, voluntarily purchase, redeem, defease or prepay any
principal of, premium, if any, interest or other amount payable in respect of any Indebtedness prior to its scheduled maturity, other than (i) the Obligations, (ii) repayments of amounts outstanding under the Countryside Debt and the GBGH
Debt, and (iii) Indebtedness specified in Schedule 6.15. 
 6.16 Issuance of Capital Stock. Except as set forth on Schedule 6.16,
no Credit Party shall, nor shall it permit any of its Subsidiaries to, issue or sell or enter into any agreement or arrangement for the issuance and sale of any shares of its Capital Stock, any securities convertible into or exchangeable for its
Capital Stock, or any warrants, options or other rights for the purchase or acquisition of shares of its Capital Stock unless the proceeds of such issuance and sale are applied in accordance with Section 2.11(c). 
 6.17 GBGH and USEB Indebtedness. No Credit Party shall, nor shall it permit any of its Subsidiaries to, issue or sell or enter into any agreement
or arrangement for any refinancing, increase, amendment, modification or waiver of Indebtedness of GBGH or of USEB without the consent of the Administrative Agent acting at the direction of the Requisite Lenders, provided, however,
that any refinancing of the GBGH Second Lien Credit Agreement shall require a refinancing in full of this Agreement. 
 SECTION 7.
GUARANTY 
 7.1 Guaranty of the Obligations. Guarantor hereby irrevocably and unconditionally guarantees to Administrative Agent
for the ratable benefit of the Beneficiaries the due and punctual payment in full of all Obligations when the same shall become due, whether at stated maturity, by required prepayment, declaration, acceleration, demand or otherwise (including
amounts that would become due but for the operation of the automatic stay under Section 362(a) of the Bankruptcy Code , 11 U.S.C. §362(a)) (collectively, the “Guaranteed Obligations”). 
  

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 7.2 Payment by Guarantor. Guarantor hereby agrees, in furtherance of the foregoing and not in
limitation of any other right which any Beneficiary may have at law or in equity against the Guarantor by virtue hereof, that upon the failure of Company to pay any of the Guaranteed Obligations when and as the same shall become due, whether at
stated maturity, by required prepayment, declaration, acceleration, demand or otherwise (including amounts that would become due but for the operation of the automatic stay under Section 362(a) of the Bankruptcy Code, 11 U.S.C. §362(a)),
Guarantor will upon demand pay, or cause to be paid, in Cash, to Administrative Agent for the ratable benefit of Beneficiaries, an amount equal to the sum of the unpaid principal amount of all Guaranteed Obligations then due as aforesaid, accrued
and unpaid interest on such Guaranteed Obligations (including interest which, but for Company’s becoming the subject of a case under the Bankruptcy Code, would have accrued on such Guaranteed Obligations, whether or not a claim is allowed
against Company for such interest in the related bankruptcy case) and all other Guaranteed Obligations then owed to Beneficiaries as aforesaid. 
 7.3 Liability of Guarantor Absolute. Guarantor agrees that its obligations hereunder are irrevocable, absolute, independent and unconditional and shall not be affected by any circumstance which constitutes a legal or equitable
discharge of a guarantor or surety other than payment in full of the Guaranteed Obligations. In furtherance of the foregoing and without limiting the generality thereof, Guarantor agrees as follows: 
 (a) this Guaranty is a guaranty of payment when due and not of collectability. This Guaranty is a primary obligation of Guarantor and not merely a
contract of surety; 
 (b) Administrative Agent may at the direction of Requisite Lenders enforce this Guaranty upon the occurrence of an
Event of Default notwithstanding the existence of any dispute between Company and any Beneficiary with respect to the existence of such Event of Default; 
 (c) the obligations of Guarantor hereunder are independent of the obligations of Company and the obligations of any other guarantor of the obligations of Company, and a separate action or actions may be brought and
prosecuted against Guarantor whether or not any action is brought against Company or any of such other guarantors and whether or not Company is joined in any such action or actions; 
 (d) payment by Guarantor of a portion, but not all, of the Guaranteed Obligations shall in no way limit, affect, modify or abridge Guarantor’s
liability for any portion of the Guaranteed Obligations which has not been paid; and without limiting the generality of the foregoing, if Administrative Agent is awarded a judgment in any suit brought to enforce Guarantor’s covenant to pay a
portion of the Guaranteed Obligations, such judgment shall not be deemed to release Guarantor from its covenant to pay the portion of the Guaranteed Obligations that is not the subject of such suit, and such judgment shall not, except to the extent
satisfied by Guarantor, limit, affect, modify or abridge any other Person’s liability hereunder in respect of the Guaranteed Obligations; 
  

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 (e) any Beneficiary, upon such terms as it deems appropriate, without notice or demand and without
affecting the validity or enforceability hereof or giving rise to any reduction, limitation, impairment, discharge or termination of Guarantor’s liability hereunder, from time to time may (i) renew, extend, accelerate, increase the rate of
interest on, or otherwise change the time, place, manner or terms of payment of the Guaranteed Obligations; (ii) settle, compromise, release or discharge, or accept or refuse any offer of performance with respect to, or substitutions for, the
Guaranteed Obligations or any agreement relating thereto and/or subordinate the payment of the same to the payment of any other obligations; (iii) request and accept other guaranties of the Guaranteed Obligations and take and hold security for
the payment hereof or the Guaranteed Obligations; (iv) release, surrender, exchange, substitute, compromise, settle, rescind, waive, alter, subordinate or modify, with or without consideration, any security for payment of the Guaranteed
Obligations, any other guaranties of the Guaranteed Obligations, or any other obligation of any Person with respect to the Guaranteed Obligations; (v) enforce and apply any security now or hereafter held by or for the benefit of such
Beneficiary in respect hereof or the Guaranteed Obligations and direct the order or manner of sale thereof, or exercise any other right or remedy that such Beneficiary may have against any such security, in each case as such Beneficiary in its
discretion may determine consistent herewith and any applicable security agreement, including foreclosure on any such security pursuant to one or more judicial or nonjudicial sales, whether or not every aspect of any such sale is commercially
reasonable, and even though such action operates to impair or extinguish any right of reimbursement or subrogation or other right or remedy of Guarantor against Company or any security for the Guaranteed Obligations; and (vi) exercise any other
rights available to it under the Credit Documents; and 
 (f) this Guaranty and the obligations of Guarantor hereunder shall be valid and
enforceable and shall not be subject to any reduction, limitation, impairment, discharge or termination for any reason (other than payment in full of the Guaranteed Obligations), including the occurrence of any of the following, whether or not
Guarantor shall have had notice or knowledge of any of them: (i) any failure or omission to assert or enforce or agreement or election not to assert or enforce, or the stay or enjoining, by order of court, by operation of law or otherwise, of
the exercise or enforcement of, any claim or demand or any right, power or remedy (whether arising under the Credit Documents, at law, in equity or otherwise) with respect to the Guaranteed Obligations or any agreement relating thereto, or with
respect to any other guaranty of or security for the payment of the Guaranteed Obligations; (ii) any rescission, waiver, amendment or modification of, or any consent to departure from, any of the terms or provisions (including provisions
relating to events of default) hereof, any of the other Credit Documents or of any other guaranty or security for the Guaranteed Obligations, in each case whether or not in accordance with the terms hereof or such Credit Document or any agreement
relating to such other guaranty or security; (iii) the Guaranteed Obligations, or any agreement relating thereto, at any time being found to be illegal, invalid or unenforceable in any respect; (iv) the application of payments received
from any source (other than payments received pursuant to the other Credit Documents or from the proceeds of any security for the Guaranteed Obligations, except to the extent such security also serves as collateral for indebtedness other than the
Guaranteed Obligations) to the payment of indebtedness other than 
  

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 the Guaranteed Obligations, even though any Beneficiary might have elected to apply such payment to any part or all of
the Guaranteed Obligations; (v) any Beneficiary’s consent to the change, reorganization or termination of the corporate structure or existence of Holdings or any of its Subsidiaries and to any corresponding restructuring of the Guaranteed
Obligations; (vi) any failure to perfect or continue perfection of a security interest in any collateral which secures any of the Guaranteed Obligations; (vii) any defenses, set offs or counterclaims which Company may allege or assert
against any Beneficiary in respect of the Guaranteed Obligations, including failure of consideration, breach of warranty, payment, statute of frauds, statute of limitations, accord and satisfaction and usury; and (viii) any other act or thing
or omission, or delay to do any other act or thing, which may or might in any manner or to any extent vary the risk of Guarantor as an obligor in respect of the Guaranteed Obligations. 
 7.4 Waivers by Guarantor. Guarantor hereby waives, for the benefit of Beneficiaries: (a) any right to require any Beneficiary, as a condition
of payment or performance by Guarantor, to (i) proceed against Company, any other guarantor of the Guaranteed Obligations or any other Person, (ii) proceed against or exhaust any security held from Company, any such other guarantor or any
other Person, (iii) proceed against or have resort to any balance of any Deposit Account or credit on the books of any Beneficiary in favor of Company or any other Person, or (iv) pursue any other remedy in the power of any Beneficiary
whatsoever; (b) any defense arising by reason of the incapacity, lack of authority or any disability or other defense of Company or any other Person including any defense based on or arising out of the lack of validity or the unenforceability
of the Guaranteed Obligations or any agreement or instrument relating thereto or by reason of the cessation of the liability of Company or any other Guarantor from any cause other than payment in full of the Guaranteed Obligations; (c) any
defense based upon any statute or rule of law which provides that the obligation of a surety must be neither larger in amount nor in other respects more burdensome than that of the principal; (d) any defense based upon any Beneficiary’s
errors or omissions in the administration of the Guaranteed Obligations, except behavior which amounts to bad faith; (e) (i) any principles or provisions of law, statutory or otherwise, which are or might be in conflict with the terms
hereof and any legal or equitable discharge of Guarantor’s obligations hereunder, (ii) the benefit of any statute of limitations affecting Guarantor’s liability hereunder or the enforcement hereof, (iii) any rights to set offs,
recoupments and counterclaims, and (iv) promptness, diligence and any requirement that any Beneficiary protect, secure, perfect or insure any security interest or lien or any property subject thereto; (f) notices, demands, presentments,
protests, notices of protest, notices of dishonor and notices of any action or inaction, including acceptance hereof, notices of default hereunder, notices of any renewal, extension or modification of the Guaranteed Obligations or any agreement
related thereto, notices of any extension of credit to Company and notices of any of the matters referred to in Section 7.3 and any right to consent to any thereof; and (g) any defenses or benefits that may be derived from or afforded by
law which limit the liability of or exonerate guarantors or sureties, or which may conflict with the terms hereof. 
 7.5 Guarantor’s
Rights of Subrogation, Contribution, etc. Until the Guaranteed Obligations shall have been indefeasibly paid in full, Guarantor hereby waives any claim, right or remedy, direct or indirect, that Guarantor now has or may hereafter have against
Company or any other Person or any of its assets in connection with this Guaranty or the performance by Guarantor of its obligations hereunder, in each case whether such claim, right or remedy arises in equity, under contract, by statute, under
common law or otherwise and including without 
  

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 limitation (a) any right of subrogation, reimbursement or indemnification that Guarantor now has or may hereafter
have against Company with respect to the Guaranteed Obligations, (b) any right to enforce, or to participate in, any claim, right or remedy that any Beneficiary now has or may hereafter have against Company, and (c) any benefit of, and any
right to participate in, any collateral or security now or hereafter held by any Beneficiary. In addition, until the Guaranteed Obligations shall have been indefeasibly paid in full, Guarantor shall withhold exercise of any right of contribution it
may have against any other guarantor of the Guaranteed Obligations. Guarantor further agrees that, to the extent the waiver or agreement to withhold the exercise of its rights of subrogation, reimbursement, indemnification and contribution as set
forth herein is found by a court of competent jurisdiction to be void or voidable for any reason, any rights of subrogation, reimbursement or indemnification Guarantor may have against Company or against any collateral or security, and any rights of
contribution Guarantor may have against any such other guarantor, shall be junior and subordinate to any rights any Beneficiary may have against Company, to all right, title and interest any Beneficiary may have in any such collateral or security,
and to any right any Beneficiary may have against such other guarantor. If any amount shall be paid to Guarantor on account of any such subrogation, reimbursement, indemnification or contribution rights at any time when all Guaranteed Obligations
shall not have been finally and indefeasibly paid in full, such amount shall be held in trust for Administrative Agent on behalf of Beneficiaries and shall forthwith be paid over to Administrative Agent for the benefit of Beneficiaries to be
credited and applied against the Guaranteed Obligations, whether matured or unmatured, in accordance with the terms hereof. 
 7.6
Subordination of Other Obligations. Any Indebtedness of Company or Guarantor now or hereafter held by Guarantor (the “Obligee Guarantor”) is hereby subordinated in right of payment to the Guaranteed Obligations, and any such
indebtedness collected or received by the Obligee Guarantor after an Event of Default has occurred and is continuing shall be held in trust for Administrative Agent on behalf of Beneficiaries and shall forthwith be paid over to Administrative Agent
for the benefit of Beneficiaries to be credited and applied against the Guaranteed Obligations but without affecting, impairing or limiting in any manner the liability of the Obligee Guarantor under any other provision hereof. 
 7.7 Continuing Guaranty. This Guaranty is a continuing guaranty and shall remain in effect until all of the Guaranteed Obligations shall have been
indefeasibly paid in full. Guarantor hereby irrevocably waives any right to revoke this Guaranty as to future transactions giving rise to any Guaranteed Obligations. 
 7.8 Authority of Guarantor or Company. It is not necessary for any Beneficiary to inquire into the capacity or powers of Guarantor or Company or the officers, directors or any agents acting or purporting to act
on behalf of any of them. 
 7.9 Financial Condition of Company. Any Credit Extension may be made to Company or continued from time to
time, without notice to or authorization from Guarantor regardless of the financial or other condition of Company at the time of any such grant or continuation. No Beneficiary shall have any obligation to disclose or discuss with Guarantor its
assessment, or Guarantor’s assessment, of the financial condition of Company. Guarantor has adequate means to obtain information from Company on a continuing basis concerning the financial condition of Company and its ability to perform its
obligations under the Credit 
  

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 Documents, and Guarantor assumes the responsibility for being and keeping informed of the financial condition of Company
and of all circumstances bearing upon the risk of nonpayment of the Guaranteed Obligations. Guarantor hereby waives and relinquishes any duty on the part of any Beneficiary to disclose any matter, fact or thing relating to the business, operations
or conditions of Company now known or hereafter known by any Beneficiary. 
 7.10 Bankruptcy, etc. 
 (a) So long as any Guaranteed Obligations remain outstanding, Guarantor shall not, without the prior written consent of Administrative Agent acting
pursuant to the instructions of Requisite Lenders, commence or join with any other Person in commencing any bankruptcy, reorganization or insolvency case or proceeding of or against Company or admit in writing or in any legal proceeding that it is
unable to pay its debts as they become due. The obligations of Guarantor hereunder shall not be reduced, limited, impaired, discharged, deferred, suspended or terminated by any case or proceeding, voluntary or involuntary, involving the bankruptcy,
insolvency, receivership, reorganization, liquidation or arrangement of Company or by any defense which Company may have by reason of the order, decree or decision of any court or administrative body resulting from any such proceeding. 

(b) Guarantor acknowledges and agrees that any interest on any portion of the Guaranteed Obligations which accrues after the commencement of any case
or proceeding referred to in clause (a) above (or, if interest on any portion of the Guaranteed Obligations ceases to accrue by operation of law by reason of the commencement of such case or proceeding, such interest as would have accrued on
such portion of the Guaranteed Obligations if such case or proceeding had not been commenced) shall be included in the Guaranteed Obligations because it is the intention of Guarantor and Beneficiaries that the Guaranteed Obligations which are
guaranteed by Guarantor pursuant hereto should be determined without regard to any rule of law or order which may relieve Company of any portion of such Guaranteed Obligations. Guarantor will permit any trustee in bankruptcy, receiver, debtor in
possession, assignee for the benefit of creditors or similar person to pay Administrative Agent, or allow the claim of Administrative Agent in respect of, any such interest accruing after the date on which such case or proceeding is commenced.

 (c) In the event that all or any portion of the Guaranteed Obligations are paid by Company, the obligations of Guarantor hereunder shall
continue and remain in full force and effect or be reinstated, as the case may be, in the event that all or any part of such payment(s) are rescinded or recovered directly or indirectly from any Beneficiary as a preference, fraudulent transfer or
otherwise, and any such payments which are so rescinded or recovered shall constitute Guaranteed Obligations for all purposes hereunder. 
 7.11 Taxes. The provision of Section 2.17 shall apply, mutatis mutandis, to the Guarantor and payments thereby. 
  

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 SECTION 8. EVENTS OF DEFAULT 
 8.1 Events of Default. If any one or more of the following conditions or events shall occur: 
 (a) Failure to Make Payments When Due. Failure by Company to pay (i) when due the principal of and premium, if any, on any Loan (other than
any Cash Flow payment) whether at stated maturity, by acceleration or otherwise; (ii) when due any installment of principal of any Loan, by notice of voluntary prepayment, by mandatory prepayment or otherwise; or (iii) when due any
interest on any Loan or any fee or any other amount due hereunder and in the case of any payment described in clauses (ii) or (iii) of this Section 8.1(a), such failure shall continue unremedied for more than three (3) Business
Days. 
 (b) Default in Other Agreements. (i) Failure of any Credit Party or any of their respective Subsidiaries to pay when
due (after giving effect to any applicable cure period) any principal of or interest on or any other amount payable in respect of one or more items of Indebtedness (other than Indebtedness referred to in Section 8.1(a)) in an individual
principal amount of $500,000 or more or with an aggregate principal amount of $1,000,000 or more; or (ii) breach or default by any Credit Party or any of their respective Subsidiaries with respect to any other material term (after giving effect
to any applicable cure period) of (1) one or more items of Indebtedness in the individual or aggregate principal amounts referred to in clause (i) above, or (2) any loan agreement, mortgage, indenture or other agreement relating to
such item(s) of Indebtedness, if the effect of such breach or default is to cause, or to permit the holder or holders of that Indebtedness (or a trustee on behalf of such holder or holders), to cause, that Indebtedness to become or be declared due
and payable (or subject to a compulsory repurchase or redeemable) or to require the prepayment, redemption, repurchase or defeasance of, or to cause Company or any of its Subsidiaries or Holdings to make any offer to prepay, redeem, repurchase or
defease such Indebtedness, prior to its stated maturity or the stated maturity of any underlying obligation, as the case may be; or any Event of Default under and as defined in the Related Agreements and the documentation relating to the Countryside
Debt shall occur; or 
 (c) Breach of Certain Covenants. Failure of any Credit Party to perform or comply with any term or condition
contained in Section 2.3, Section 5.1, Section 5.2, or Section 6; or 
 (d) Breach of Representations, etc. Any
representation, warranty, certification or other statement made or deemed made by any Credit Party in any Credit Document or in any statement or certificate at any time given by any Credit Party or any of its Subsidiaries in writing pursuant hereto
or thereto or in connection herewith or therewith shall be false in any material respect as of the date made or deemed made; or 
 (e)
Other Defaults Under Credit Documents. Any Credit Party shall default in the performance of or compliance with any term contained herein or any of the other Credit Documents, other than any such term referred to in any other Section of this
Section 8.1, and such default shall not have been remedied or waived within thirty (30) days after such default; or 
 (f)
Involuntary Bankruptcy; Appointment of Receiver, etc. (i) A court of competent jurisdiction shall enter a decree or order for relief in respect of Holdings or any of its Subsidiaries in an involuntary case under the Bankruptcy Code or
under any other applicable bankruptcy, insolvency or similar law now or hereafter in effect, which decree or order is not stayed; or any other similar relief shall be granted under any applicable federal or state law; or (ii)
  

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 an involuntary case shall be commenced against Holdings or any of its Subsidiaries under the Bankruptcy Code or under any
other applicable bankruptcy, insolvency or similar law now or hereafter in effect; or a decree or order of a court having jurisdiction in the premises for the appointment of a receiver, liquidator, sequestrator, trustee, custodian or other officer
having similar powers over Holdings or any of its Subsidiaries, or over all or a substantial part of its property, shall have been entered; or there shall have occurred the involuntary appointment of an interim receiver, trustee or other custodian
of Holdings or any of its Subsidiaries for all or a substantial part of its property; or a warrant of attachment, execution or similar process shall have been issued against any substantial part of the property of Holdings or any of its
Subsidiaries, and any such event described in this clause (ii) shall continue for sixty (60) days without having been dismissed, bonded or discharged; or 
 (g) Voluntary Bankruptcy; Appointment of Receiver, etc. (i) Holdings or any of its Subsidiaries shall have an order for relief entered with respect to it or shall commence a voluntary case under the
Bankruptcy Code or under any other applicable bankruptcy, insolvency or similar law now or hereafter in effect, or shall consent to the entry of an order for relief in an involuntary case, or to the conversion of an involuntary case to a voluntary
case, under any such law, or shall consent to the appointment of or taking possession by a receiver, trustee or other custodian for all or a substantial part of its property; or Holdings or any of its Subsidiaries shall make any assignment for the
benefit of creditors; or (ii) Holdings or any of its Subsidiaries shall be unable, or shall fail generally, or shall admit in writing its inability, to pay its debts as such debts become due; or the board of directors (or similar governing
body) of Holdings or any of its Subsidiaries (or any committee thereof) shall adopt any resolution or otherwise authorize any action to approve any of the actions referred to herein or in Section 8.1(f); or 
 (h) Judgments and Attachments. Any money judgment, writ or warrant of attachment or similar process involving (i) in any individual case an
amount in excess of $1,000,000 or (ii) in the aggregate at any time an amount in excess of $1,000,000 (in either case to the extent not fully covered by insurance (less any deductible) as to which a solvent and unaffiliated insurance company
has acknowledged coverage) shall be entered or filed against Holdings or any of its Subsidiaries or any of their respective assets and shall remain undischarged, unvacated, unbonded or unstayed for a period of thirty (30) days (or in any event
later than the date that enforcement proceedings shall have been commenced by any creditor upon such judgment order or five (5) days prior to the date of any proposed sale thereunder); or 
 (i) Dissolution. Any order, judgment or decree shall be entered against any Credit Party decreeing the dissolution or split up of such Credit
Party and such order shall remain undischarged or unstayed for a period in excess of thirty (30) days; or 
 (j) Employee Benefit
Plans. (i) There shall occur one or more ERISA Events which individually or in the aggregate results in or might reasonably be expected to result in liability of Holdings, any of its Subsidiaries or any of their respective ERISA Affiliates
in excess of $1,000,000 during the term hereof; or (ii) there exists any fact or circumstance that reasonably could be expected to result in the imposition of a Lien or security interest under Section 401(a)(29) or 412(n) of the Internal
Revenue Code or under ERISA on Holdings, any of its Subsidiaries or any of their respective ERISA Affiliates in excess of $1,000,000 during the 
  

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 term hereof, provided, however, that no Event of Default under this Section 8.1(j) shall be deemed to have occurred
if Holdings, any of its Subsidiaries or any of their respective ERISA Affiliates shall have made arrangements satisfactory to the Administrative Agent to discharge or otherwise satisfy such liability; or 
 (k) Change of Control. A Change of Control shall occur; or 
 (l) USEB Guaranty. USEB shall fail to deliver to Administrative Agent an unsecured guaranty of all Obligations under this Agreement (in form and substance satisfactory to Administrative Agent), together with an
opinion from USEB counsel (in form and substance satisfactory to Administrative Agent) regarding the enforceability of such guaranty, on or before December 31, 2006; or 
 (m) USEB Lien. USEB shall failed to have granted a first priority perfected security interest on all of its assets promptly upon the payment in
full of the Countryside Debt (as in effect as of the date hereof), together with an opinion as to the validity and perfection of such security interest from USEB counsel (in form and substance satisfactory to Administrative Agent); or 
 (n) Warrants. (i) The Credit Parties and their Subsidiaries shall fail to comply with any of the affirmative and negative covenants set
forth in the Warrant Agreement and the Warrants, (ii) an “Alternative Outcome” (as such term is defined in the Fee Letter) shall have occurred, (iii) the Credit Parties and their Subsidiaries shall fail to comply with any of the
affirmative and negative covenants set forth in the documentation relating to warrants granted to Kenmont, or (iv) an “Alternative Outcome” as described and defined in any fee letter between Kenmont, the Company and Holdings shall
have occurred; or 
 (o) Guaranties, Collateral Documents and other Credit Documents. At any time after the execution and delivery
thereof, (i) the Guaranty for any reason, other than the satisfaction in full of all Obligations, shall cease to be in full force and effect (other than in accordance with its terms) or shall be declared to be null and void or Guarantor shall
repudiate its obligations thereunder, (ii) this Agreement or any Collateral Document ceases to be in full force and effect (other than by reason of a release of Collateral in accordance with the terms hereof or thereof or the satisfaction in
full of the Obligations in accordance with the terms hereof) or shall be declared null and void, or Collateral Agent shall not have or shall cease to have a valid and perfected Lien in any Collateral purported to be covered by the Collateral
Documents with the priority required by the relevant Collateral Document, in each case for any reason other than the failure of Collateral Agent or any Secured Party to take any action within its control, or (iii) any Credit Party shall contest
the validity or enforceability of any Credit Document in writing or deny in writing that it has any further liability, including with respect to future advances by Lenders, under any Credit Document to which it is a party; 
 THEN, (1) upon the occurrence of any Event of Default described in Section 8.1(f) or 8.1(g), automatically, and (2) upon the occurrence of any
other Event of Default, upon notice to Company by Administrative Agent at the direction of the Requisite Lenders, (A) the Commitments, if any, of each Lender having such Commitments shall immediately terminate; (B) 
  

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 each of the following shall immediately become due and payable, in each case without presentment, demand, protest or
other requirements of any kind, all of which are hereby expressly waived by each Credit Party: (I) the unpaid principal amount of and accrued interest on the Loans and (II) all other Obligations; and (C) Administrative Agent may cause
Collateral Agent to enforce any and all Liens and security interests created pursuant to Collateral Documents. 
 SECTION 9. AGENTS

 9.1 Appointment of Agents. Silver Point is hereby appointed Administrative Agent and Collateral Agent hereunder and under the other
Credit Documents and each Lender hereby authorizes Silver Point, in such capacity, to act as its agent in accordance with the terms hereof and the other Credit Documents. Silver Point is hereby appointed Syndication Agent hereunder, and each Lender
hereby authorizes Syndication Agent to act as its agent in accordance with the terms hereof and the other Credit Documents. Each Agent hereby agrees to act upon the express conditions contained herein and the other Credit Documents, as applicable.
The provisions of this Section 9 are solely for the benefit of Agents and Lenders and no Credit Party shall have any rights as a third party beneficiary of any of the provisions thereof. In performing its functions and duties hereunder, each
Agent shall act solely as an agent of Lenders and does not assume and shall not be deemed to have assumed any obligation towards or relationship of agency or trust with or for Holdings or any of its Subsidiaries. Syndication Agent, without consent
of or notice to any party hereto, may assign any and all of its rights or obligations hereunder to any of its Affiliates. As of the Closing Date, Silver Point, in its capacity as Syndication Agent, shall have no obligations but shall be entitled to
all benefits of this Section 9. 
 9.2 Powers and Duties. Each Lender irrevocably authorizes each Agent to take such action on
such Lender’s behalf and to exercise such powers, rights and remedies and perform such duties hereunder and under the other Credit Documents as are specifically delegated or granted to such Agent by the terms hereof and thereof, together with
such actions, powers, rights and remedies as are reasonably incidental thereto. Each Agent shall have only those duties and responsibilities that are expressly specified herein and the other Credit Documents. Each Agent may exercise such powers,
rights and remedies and perform such duties by or through its agents or employees. No Agent shall have or be deemed to have, by reason hereof or any of the other Credit Documents, a fiduciary relationship in respect of any Lender; and nothing herein
or any of the other Credit Documents, expressed or implied, is intended to or shall be so construed as to impose upon any Agent any obligations in respect hereof or any of the other Credit Documents except as expressly set forth herein or therein.

 9.3 General Immunity. 
 (a) No Responsibility for Certain Matters. No Agent shall be responsible to any Lender for the execution, effectiveness, genuineness, validity, enforceability, collectability or sufficiency hereof or any other Credit Document or for
any representations, warranties, recitals or statements made herein or therein or made in any written or oral statements or in any financial or other statements, instruments, reports or certificates or any other documents furnished or made by any
Agent to Lenders or by or on behalf of any Credit Party to 
  

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 any Agent or any Lender in connection with the Credit Documents and the transactions contemplated thereby or for the
financial condition or business affairs of any Credit Party or any other Person liable for the payment of any Obligations, nor shall any Agent be required to ascertain or inquire as to the performance or observance of any of the terms, conditions,
provisions, covenants or agreements contained in any of the Credit Documents or as to the use of the proceeds of the Loans or as to the existence or possible existence of any Event of Default or Default or to make any disclosures with respect to the
foregoing. Anything contained herein to the contrary notwithstanding, Administrative Agent shall not have any liability arising from confirmations of the amount of outstanding Loans. 
 (b) Exculpatory Provisions. No Agent nor any of its officers, partners, directors, employees or agents shall be liable to Lenders for any action
taken or omitted by any Agent under or in connection with any of the Credit Documents except to the extent caused by such Agent’s gross negligence or willful misconduct as determined by a court of competent jurisdiction in a final,
nonappealable order. Each Agent shall be entitled to refrain from any act or the taking of any action (including the failure to take an action) in connection herewith or any of the other Credit Documents or from the exercise of any power, discretion
or authority vested in it hereunder or thereunder unless and until such Agent shall have received instructions in respect thereof from Requisite Lenders (or such other Lenders as may be required to give such instructions under Section 10.5) or,
in the case of the Collateral Agent, in accordance with the Pledge and Security Agreement, the Third Lien Pledge Agreement or other applicable Collateral Document, and, upon receipt of such instructions from Requisite Lenders (or such other Lenders,
as the case may be), or in accordance with the Pledge and Security Agreement, the Third Lien Pledge Agreement or other applicable Collateral Document, as the case may be, such Agent shall be entitled to act or (where so instructed) refrain from
acting, or to exercise such power, discretion or authority, in accordance with such instructions. Without prejudice to the generality of the foregoing, (i) each Agent shall be entitled to rely, and shall be fully protected in relying, upon any
communication, instrument or document believed by it to be genuine and correct and to have been signed or sent by the proper Person or Persons, and shall be entitled to rely and shall be protected and free from liability in relying on opinions and
judgments of attorneys (who may be attorneys for the Credit Parties), accountants, experts and other professional advisors selected by it; and (ii) no Lender shall have any right of action whatsoever against any Agent as a result of such Agent
acting or (where so instructed) refraining from acting hereunder or any of the other Credit Documents in accordance with the instructions of Requisite Lenders (or such other Lenders as may be required to give such instructions under
Section 10.5) or, in the case of the Collateral Agent, in accordance with the Pledge and Security Agreement, the Third Lien Pledge Agreement or other applicable Collateral Document. 
 (c) Notice of Default. The Administrative Agent shall not be deemed to have knowledge or notice of the occurrence of any Default or Event of
Default, except with respect to Events of Default in the payment of principal, interest and fees required to be paid to Administrative Agent for the account of the Lenders, unless Administrative Agent shall have received written notice from a Lender
or the Borrower referring to this Agreement, describing such Default or Event of Default and stating that such notice is a “notice of default.” The Administrative Agent will notify the Lenders of its receipt of any such notice. The
Administrative Agent shall take such action with respect to any such Default or Event of Default as may be directed by the Requisite Lenders in accordance with Section 8; provided, however, 
  

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 that unless and until Administrative Agent has received any such direction, Administrative Agent may (but shall not be
obligated to) take such action, or refrain from taking such action, with respect to such Default or Event of Default as it shall deem advisable or in the best interest of the Lenders. 
 9.4 Agents Entitled to Act as Lender. The agency hereby created shall in no way impair or affect any of the rights and powers of, or impose any
duties or obligations upon, any Agent in its individual capacity as a Lender hereunder. With respect to its participation in the Loans, each Agent shall have the same rights and powers hereunder as any other Lender and may exercise the same as if it
were not performing the duties and functions delegated to it hereunder, and the term “Lender” shall, unless the context clearly otherwise indicates, include each Agent in its individual capacity. Any Agent and its Affiliates may accept
deposits from, lend money to, own securities of, and generally engage in any kind of banking, trust, financial advisory or other business with Holdings or any of its Affiliates as if it were not performing the duties specified herein, and may accept
fees and other consideration from Company for services in connection herewith and otherwise without having to account for the same to Lenders. 
 9.5 Lenders’ Representations, Warranties and Acknowledgment. 
 (a) Each Lender represents and warrants that it has made
its own independent investigation of the financial condition and affairs of Holdings and its Subsidiaries, without reliance upon any Agent or any other Lender and based on such documents and information as it has deemed appropriate, in connection
with Credit Extensions hereunder and that it has made and shall continue to make its own appraisal of the creditworthiness of Holdings and its Subsidiaries. No Agent shall have any duty or responsibility, either initially or on a continuing basis,
to make any such investigation or any such appraisal on behalf of Lenders or to provide any Lender with any credit or other information with respect thereto, whether coming into its possession before the making of the Loans or at any time or times
thereafter, and no Agent shall have any responsibility with respect to the accuracy of or the completeness of any information provided to Lenders. 
 (b) Each Lender, by delivering its signature page to this Agreement and funding its Term Loan on the Closing Date, shall be deemed to have acknowledged receipt of, and consented to and approved, each Credit Document and each other document
required to be approved by any Agent, Requisite Lenders or Lenders, as applicable on the Closing Date. 
 9.6 Right to Indemnity. Each
Lender, in proportion to its Pro Rata Share, severally agrees to indemnify each Agent, their Affiliates and their respective officers, partners, directors, trustees, employees, representatives and agents of each Agent (each, an “Indemnitee
Agent Party”), to the extent that such Indemnitee Agent Party shall not have been reimbursed by any Credit Party, for and against any and all liabilities, obligations, losses, damages, penalties, actions, judgments, suits, costs, expenses
(including counsel fees and disbursements) or disbursements of any kind or nature whatsoever which may be imposed on, incurred by or asserted against such Indemnitee Agent Party in exercising its powers, rights and remedies or performing its duties
hereunder or under the other Credit Documents or otherwise in its capacity as such Indemnitee Agent Party in any way relating to or arising out of this Agreement or the other Credit Documents, IN ALL CASES, WHETHER OR NOT CAUSED BY OR

  

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 ARISING, IN WHOLE OR IN PART, OUT OF THE COMPARATIVE, CONTRIBUTORY, OR SOLE NEGLIGENCE OF SUCH AGENT;
provided, no Lender shall be liable for any portion of such liabilities, obligations, losses, damages, penalties, actions, judgments, suits, costs, expenses or disbursements resulting from such Indemnitee Agent Party’s gross negligence
or willful misconduct as determined by a court of competent jurisdiction in a final, nonappealable order. If any indemnity furnished to any Indemnitee Agent Party for any purpose shall, in the opinion of such Indemnitee Agent Party, be insufficient
or become impaired, such Indemnitee Agent Party may call for additional indemnity and cease, or not commence, to do the acts indemnified against until such additional indemnity is furnished; provided, in no event shall this sentence require
any Lender to indemnify any Indemnitee Agent Party against any liability, obligation, loss, damage, penalty, action, judgment, suit, cost, expense or disbursement in excess of such Lender’s Pro Rata Share thereof; and provided
further, this sentence shall not be deemed to require any Lender to indemnify any Indemnitee Agent Party against any liability, obligation, loss, damage, penalty, action, judgment, suit, cost, expense or disbursement described in the proviso
in the immediately preceding sentence. 
 9.7 Successor Administrative Agent. 
 (a) Administrative Agent and Collateral Agent may resign at any time by giving thirty (30) days’ prior written notice thereof to Lenders and
Company. Upon any such notice of resignation, Requisite Lenders shall have the right, upon five Business Days’ notice to Company, to appoint a successor Administrative Agent and Collateral Agent. If no successor shall have been so appointed by
the Requisite Lenders and shall have accepted such appointment within thirty (30) days after the retiring Administrative Agent and Collateral Agent gives notice of its resignation, then the retiring Administrative Agent and Collateral Agent
may, on behalf of the Lenders, appoint a successor Administrative Agent and Collateral Agent from among the Lenders. Upon the acceptance of any appointment as Administrative Agent and Collateral Agent hereunder by a successor Administrative Agent
and Collateral Agent, that successor Administrative Agent and Collateral Agent shall thereupon succeed to and become vested with all the rights, powers, privileges and duties of the retiring Administrative Agent and Collateral Agent and the retiring
Administrative Agent and Collateral Agent shall promptly (i) transfer to such successor Administrative Agent and Collateral Agent all sums, Securities and other items of Collateral held under the Collateral Documents, together with all records
and other documents necessary or appropriate in connection with the performance of the duties of the successor Administrative Agent and Collateral Agent under the Credit Documents, and (ii) execute and deliver to such successor Administrative
Agent and Collateral Agent such amendments to financing statements, and take such other actions, as may be necessary or appropriate in connection with the assignment to such successor Administrative Agent and Collateral Agent of the security
interests created under the Collateral Documents, whereupon such retiring Administrative Agent and Collateral Agent shall be discharged from its duties and obligations hereunder. After any retiring Administrative Agent’s and Collateral
Agent’s resignation hereunder as Administrative Agent and Collateral Agent, the provisions of this Section 9 shall inure to its benefit as to any actions taken or omitted to be taken by it while it was Administrative Agent hereunder.

 (b) Notwithstanding anything herein to the contrary, Administrative Agent may assign its rights and duties as Administrative Agent
hereunder to an Affiliate of 
  

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 Silver Point without the prior written consent of, or prior written notice to, Company or the Lenders; provided
that Company and the Lenders may deem and treat such assigning Administrative Agent as Administrative Agent for all purposes hereof, unless and until such assigning Administrative Agent provides written notice to Company and the Lenders of such
assignment. Upon such assignment such Affiliate shall succeed to and become vested with all rights, powers, privileges and duties as Administrative Agent hereunder and under the other Credit Documents. 
 (c) Delegation of Duties. Administrative Agent may perform any and all of its duties and exercise its rights and powers under this Agreement or
under any other Credit Document by or through any one or more sub-agents appointed by Administrative Agent. Administrative Agent and any such sub-agent may perform any and all of its duties and exercise its rights and powers by or through their
respective Affiliates. The exculpatory, indemnification and other provisions of Section 9.3 and Section 9.6 shall apply to any the Affiliates of Administrative Agent and shall apply to their respective activities in connection with the
syndication of the credit facilities provided for herein as well as activities as Administrative Agent. All of the rights, benefits and privileges (including the exculpatory and indemnification provisions) of Section 9.3 and of Section 9.6
shall apply to any such sub-agent and to the Affiliates of any such sub-agent, and shall apply to their respective activities as sub-agent as if such sub-agent and Affiliates were named herein. Notwithstanding anything herein to the contrary, with
respect to each sub-agent appointed by Administrative Agent, (i) such sub-agent shall be a third party beneficiary under this Agreement with respect to all such rights, benefits and privileges (including exculpatory and rights to
indemnification) and shall have all of the rights, benefits and privileges of a third party beneficiary, including an independent right of action to enforce such rights, benefits and privileges (including exculpatory rights and rights to
indemnification) directly, without the consent or joinder of any other Person, against any or all of the Credit Parties and the Lenders, (ii) such rights, benefits and privileges (including exculpatory rights and rights to indemnification)
shall not be modified or amended without the consent of such sub-agent, and (iii) such sub-agent shall only have obligations to Administrative Agent and not to any Credit Party, Lender or any other Person and no Credit Party, Lender or any
other Person shall have the rights, directly or indirectly, as a third party beneficiary or otherwise, against such sub-agent. 
 9.8
Collateral Documents and Guaranty. 
 (a) Agents under Collateral Documents and Guaranty. Each Lender hereby further irrevocably
authorizes Administrative Agent or Collateral Agent, as applicable, on behalf of and for the benefit of Lenders, to be the agent for and representative of Lenders with respect to the Guaranty, the Intercreditor Agreement, the Collateral and the
Collateral Documents, including, without limitation, the Pledge and Security Agreement and the Third Lien Pledge Agreement. Subject to Section 10.5, without further written consent or authorization from Lenders, Administrative Agent or
Collateral Agent, as applicable, may execute any documents or instruments necessary to (i) release any Lien encumbering any item of Collateral that is the subject of a sale or other disposition of assets permitted hereby or to which Requisite
Lenders (or such other Lenders as may be required to give such consent under Section 10.5) have otherwise consented, or (ii) release Guarantor from the Guaranty with respect to which Requisite Lenders (or such other Lenders as may be
required to give such consent under Section 10.5) have otherwise consented. 
  

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 (b) Right to Realize on Collateral and Enforce Guaranty. Anything contained in any of the Credit
Documents to the contrary notwithstanding, Company, Administrative Agent, Collateral Agent and each Lender hereby agree that (i) no Lender shall have any right individually to realize upon any of the Collateral or to enforce the Guaranty, it
being understood and agreed that all powers, rights and remedies hereunder may be exercised solely by Administrative Agent, on behalf of Lenders in accordance with the terms hereof and all powers, rights and remedies under the Collateral Documents
may be exercised solely by Collateral Agent, and (ii) in the event of a foreclosure by Collateral Agent on any of the Collateral pursuant to a public or private sale, Collateral Agent or any Lender may be the purchaser of any or all of such
Collateral at any such sale and Collateral Agent, as agent for and representative of Secured Parties (but not any Lender or Lenders in its or their respective individual capacities unless Requisite Lenders shall otherwise agree in writing) 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 public sale, to use and apply any of the Obligations as a credit on account of the purchase price
for any collateral payable by Collateral Agent at such sale. 
 9.9 Posting of Approved Electronic Communications. 
 (a) Delivery of Communications. Each Credit Party hereby agrees, unless directed otherwise by Administrative Agent or unless the electronic mail
address referred to below has not been provided by Administrative Agent to such Credit Party that it will, or will cause its Subsidiaries to, provide to Administrative Agent all information, documents and other materials that it is obligated to
furnish to Administrative Agent or to the Lenders pursuant to the Credit Documents, including all notices, requests, financial statements, financial and other reports, certificates and other information materials, but excluding any such
communication that (i) is or relates to a Funding Notice or a Conversion/Continuation Notice, (ii) relates to the payment of any principal or other amount due under this Agreement prior to the scheduled date therefor, (iii) provides
notice of any Default under this Agreement or any other Credit Document or (iv) is required to be delivered to satisfy any condition precedent to the effectiveness of this Agreement and/or any Loan or other extension of credit hereunder (all
such non-excluded communications being referred to herein collectively as “Communications”), by transmitting the Communications in an electronic/soft medium that is properly identified in a format acceptable to Administrative Agent
to an electronic mail address as directed by Administrative Agent. In addition, each Credit Party agrees, and agrees to cause its Subsidiaries, to continue to provide the Communications to Administrative Agent or the Lenders, as the case may be, in
the manner specified in the Credit Documents but only to the extent requested by Administrative Agent. 
 (b) Platform. Each Credit
Party further agrees that Administrative Agent may make the Communications available to the Lenders by posting the Communications on Intralinks or a substantially similar electronic transmission system (the “Platform”). 

(c) No Warranties as to Platform. THE PLATFORM IS PROVIDED “AS IS” AND “AS AVAILABLE”. THE INDEMNITEES DO NOT WARRANT THE

  

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 ACCURACY OR COMPLETENESS OF THE COMMUNICATIONS OR THE ADEQUACY OF THE PLATFORM AND EXPRESSLY DISCLAIM LIABILITY FOR
ERRORS OR OMISSIONS IN THE COMMUNICATIONS. NO WARRANTY OF ANY KIND, EXPRESS, IMPLIED OR STATUTORY, INCLUDING ANY WARRANTY OF MERCHANTABILITY, FITNESS FOR A PARTICULAR PURPOSE, NON-INFRINGEMENT OF THIRD PARTY RIGHTS OR FREEDOM FROM VIRUSES OR OTHER
CODE DEFECTS IS MADE BY THE INDEMNITEES IN CONNECTION WITH THE COMMUNICATIONS OR THE PLATFORM. IN NO EVENT SHALL THE INDEMNITEES HAVE ANY LIABILITY TO ANY LENDER OR ANY OTHER PERSON FOR DAMAGES OF ANY KIND, WHETHER OR NOT BASED ON STRICT LIABILITY
AND INCLUDING DIRECT OR INDIRECT, SPECIAL, INCIDENTAL OR CONSEQUENTIAL DAMAGES, LOSSES OR EXPENSES (WHETHER IN TORT, CONTRACT OR OTHERWISE) ARISING OUT OF ADMINISTRATIVE AGENT’S TRANSMISSION OF COMMUNICATIONS THROUGH THE INTERNET, EXCEPT TO THE
EXTENT THE LIABILITY OF ANY INDEMNITEES IS FOUND IN A FINAL, NONAPPEALABLE ORDER BY A COURT OF COMPETENT JURISDICTION TO HAVE RESULTED PRIMARILY FROM SUCH INDEMNITEE’S GROSS NEGLIGENCE OR WILLFUL MISCONDUCT. 
 (d) Delivery Via Platform. Administrative Agent agrees that the receipt of the Communications by Administrative Agent at its electronic mail
address set forth above shall constitute effective delivery of the Communications to Administrative Agent for purposes of the Credit Documents. Each Lender agrees that receipt of notice to it (as provided in the next sentence) specifying that the
Communications have been posted to the Platform shall constitute effective delivery of the Communications to such Lender for purposes of the Credit Documents. Each Lender agrees to notify Administrative Agent in writing (including by electronic
communication) from time to time of such Lender’s electronic mail address to which the foregoing notice may be sent by electronic transmission and that the foregoing notice may be sent to such electronic mail address. 
 (e) No Prejudice to Notice Rights. Nothing herein shall prejudice the right of Administrative Agent or any Lender to give any notice or other
communication pursuant to any Credit Document in any other manner specified in such Credit Document. 
 9.10 Proofs of Claim. The
Lenders and Company hereby agree that after the occurrence of an Event of Default pursuant to Sections 8.1(f) or (g), in case of the pendency of any receivership, insolvency, liquidation, bankruptcy, reorganization, arrangement, adjustment,
composition or other judicial proceeding relative to Company or the Guarantor, Administrative Agent (irrespective of whether the principal of any Loan shall then be due and payable as herein expressed or by declaration or otherwise and irrespective
of whether Administrative Agent shall have made any demand on any of Company or the Guarantor) shall be entitled and empowered, by intervention in such proceeding or otherwise: 
 (a) to file and prove a claim for the whole amount of principal and interest owing and unpaid in respect of the Loans and any other Obligations that are
owing and unpaid and to file such other papers or documents as may be necessary or advisable in order to have the claims of the Lenders, Administrative Agent and other Agents (including any claim for the reasonable compensation, expenses,
disbursements and advances of the Lenders, 
  

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 Administrative Agent and other agents and their agents and counsel and all other amounts due Lenders, Administrative
Agent and other agents hereunder) allowed in such judicial proceeding; and 
 (b) to collect and receive any moneys or other property
payable or deliverable on any such claims and to distribute the same; 
 and any custodian, receiver, assignee, trustee, liquidator, sequestrator or other
similar official in any such judicial proceeding is hereby authorized by each Lender to make such payments to Administrative Agent and, in the event that Administrative Agent shall consent to the making of such payments directly to the Lenders, to
pay to Administrative Agent any amount due for the reasonable compensation, expenses, disbursements and advances of Administrative Agent and its agents and counsel, and any other amounts due Administrative Agent and other agents hereunder. Nothing
herein contained shall be deemed to authorize Administrative Agent to authorize or consent to or accept or adopt on behalf of any Lender any plan of reorganization, arrangement, adjustment or composition affecting the Obligations or the rights of
any Lenders or to authorize Administrative Agent to vote in respect of the claim of any Lender in any such proceeding. Further, nothing contained in this Section 9.10 shall affect or preclude the ability of any Lender to (i) file and prove
such a claim in the event that Administrative Agent has not acted within ten (10) days prior to any applicable bar date and (ii) require an amendment of the proof of claim to accurately reflect such Lender’s outstanding Obligations.

 9.11 Agents and Arrangers. Except as otherwise set forth herein, Syndication Agent and any arrangers shall not have any right,
power, obligation, liability, responsibility or duty under this Agreement (or any other Credit Document) other than those applicable to all Lenders as such. Without limiting the foregoing, Syndication Agent and such arrangers shall not have or be
deemed to have any fiduciary relationship with any other Lender. Each Lender acknowledges that it has not relied, and will not rely, on Syndication Agent or any arranger in deciding to enter into this Agreement and each other Credit Document to
which it is a party or in taking or not taking action hereunder or thereunder. 
 SECTION 10. MISCELLANEOUS 
 10.1 Notices. Unless otherwise specifically provided herein, any notice or other communication herein required or permitted to be given to a Credit
Party, or an Agent, shall be sent to such Person’s address as set forth on Appendix B or in the other relevant Credit Document, and in the case of any Lender, the address as indicated on Appendix B or otherwise indicated to Administrative Agent
and Company in writing. Each notice hereunder shall be in writing and may be personally served or sent by telefacsimile or United States mail or courier service and shall be deemed to have been given when delivered in person or by courier service
and signed for against receipt thereof, upon receipt of telefacsimile, or three Business Days after depositing it in the United States mail with postage prepaid and properly addressed; provided, no notice to any Agent shall be effective until
received by such Agent. 
 10.2 Expenses. Whether or not the transactions contemplated hereby shall be consummated, Company agrees to
pay promptly , and in any event within thirty (30) days after 
  

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 written demand therefore, (a) all the actual and reasonable costs and expenses of preparation of the Credit
Documents and any consents, amendments, waivers or other modifications thereto; (b) all the costs of furnishing all opinions by counsel for Company and the other Credit Parties; (c) the fees, expenses and disbursements of counsel to Agents
(including allocated costs of internal counsel) in connection with the negotiation, preparation, execution and administration of the Credit Documents and any consents, amendments, waivers or other modifications thereto and any other documents or
matters requested by Company and the other Credit Parties; (d) all the actual costs and expenses of creating and perfecting Liens in favor of Collateral Agent, for the benefit of Secured Parties pursuant hereto, including filing and recording
fees, expenses and amounts owed pursuant to Section 2.17(c) and (d), search fees, title insurance premiums and fees, expenses and disbursements of counsel to each Agent and of counsel providing any opinions that any Agent or Requisite Lenders
may request in respect of the Collateral or the Liens created pursuant to the Collateral Documents; (e) all the actual costs and fees, expenses and disbursements of any auditors, accountants, consultants or appraisers whether internal or
external; (f) all the actual costs and expenses (including the fees, expenses and disbursements of counsel (including allocated costs of internal counsel) and of any appraisers, consultants, advisors and agents employed or retained by
Collateral Agent and its counsel) in connection with the custody or preservation of any of the Collateral; (g) all other actual and costs and expenses incurred by each Agent in connection with the syndication of the Loans and Commitments and
the negotiation, preparation and execution of the Credit Documents and any consents, amendments, waivers or other modifications thereto and the transactions contemplated thereby; and (h) after the occurrence of a Default or an Event of Default,
all costs and expenses, including attorneys’ fees (including allocated costs of internal counsel) and costs of settlement, incurred by any Agent and Lenders in enforcing any Obligations of or in collecting any payments due from any Credit Party
hereunder or under the other Credit Documents by reason of such Default or Event of Default (including in connection with the sale of, collection from, or other realization upon any of the Collateral or the enforcement of the Guaranty) or in
connection with any refinancing or restructuring of the credit arrangements provided hereunder in the nature of a “work out” or pursuant to any insolvency or bankruptcy cases or proceedings. 
 10.3 Indemnity. 
 (a) In addition to
the payment of expenses pursuant to Section 10.2, whether or not the transactions contemplated hereby shall be consummated, each Credit Party agrees to defend (subject to Indemnitees’ selection of counsel), indemnify, pay and hold
harmless, each Agent and Lender, their Affiliates and their respective officers, partners, directors, trustees, employees, representatives and agents of each Agent and each Lender (each, an “Indemnitee”), from and against any and
all Indemnified Liabilities, IN ALL CASES, WHETHER OR NOT CAUSED BY OR ARISING, IN WHOLE OR IN PART, OUT OF THE COMPARATIVE, CONTRIBUTORY, OR SOLE NEGLIGENCE OF SUCH AGENT; provided, no Credit Party shall have any obligation to any Indemnitee
hereunder with respect to any Indemnified Liabilities to the extent such Indemnified Liabilities arise from the gross negligence or willful misconduct of that Indemnitee. To the extent that the undertakings to defend, indemnify, pay and hold
harmless set forth in this Section 10.3 may be unenforceable in whole or in part because they are violative of any law or public policy, the applicable Credit Party shall contribute the maximum portion that it is permitted to pay and satisfy
under applicable law to the payment and satisfaction of all Indemnified Liabilities incurred by Indemnitees or any of them. 
  

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 (b) To the extent permitted by applicable law, no Credit Party shall assert, and each Credit Party
hereby waives, any claim against Lenders, Agents and their respective Affiliates, directors, employees, attorneys or agents, on any theory of liability, for special, indirect, consequential or punitive damages (as opposed to direct or actual
damages) (whether or not the claim therefor is based on contract, tort or duty imposed by any applicable legal requirement) arising out of, in connection with, as a result of, or in any way related to, this Agreement or any Credit Document or any
agreement or instrument contemplated hereby or thereby or referred to herein or therein, the transactions contemplated hereby or thereby, any Loan or the use of the proceeds thereof or any act or omission or event occurring in connection therewith,
and each Credit Party hereby waives, releases and agrees not to sue upon any such claim or any such damages, whether or not accrued and whether or not known or suspected to exist in its favor. 
 10.4 Set Off. In addition to any rights now or hereafter granted under applicable law and not by way of limitation of any such rights, upon the
occurrence of any Event of Default each Lender and its respective Affiliates is hereby authorized by each Credit Party at any time or from time to time subject to the consent of Administrative Agent (such consent not to be unreasonably withheld or
delayed), without notice to any Credit Party or to any other Person (other than Administrative Agent), any such notice being hereby expressly waived, to set off and to appropriate and to apply any and all deposits (general or special, including
Indebtedness evidenced by certificates of deposit, whether matured or unmatured, but not including trust accounts (in whatever currency)) and any other Indebtedness at any time held or owing by such Lender to or for the credit or the account of any
Credit Party (in whatever currency) against and on account of the obligations and liabilities of any Credit Party to such Lender hereunder and under the other Credit Documents, including all claims of any nature or description arising out of or
connected hereto or with any other Credit Document, irrespective of whether or not (a) such Lender shall have made any demand hereunder, (b) the principal of or the interest on the Loans or any other amounts due hereunder shall have become
due and payable pursuant to Section 2 and although such obligations and liabilities, or any of them, may be contingent or unmatured or (c) such obligation or liability is owed to a branch or office of such Lender different from the branch
or office holding such deposit or obligation or such Indebtedness. 
 10.5 Amendments and Waivers. 
 (a) Requisite Lenders’ Consent. Subject to Sections 10.5(b) and 10.5(c), no amendment, modification, termination or waiver of any provision
of the Credit Documents, or consent to any departure by any Credit Party therefrom, shall in any event be effective without the written concurrence of (i) in the case of this Agreement, Administrative Agent and the Requisite Lenders or
(ii) in the case of any other Credit Document, Administrative Agent and, if party thereto, the Collateral Agent, with the consent of the Requisite Lenders. 
 (b) Affected Lenders’ Consent. Without the written consent of each Lender (other than a Defaulting Lender) that would be affected thereby, no amendment, modification, termination, or consent shall be
effective if the effect thereof would: 
 (i) extend the scheduled final maturity of any Loan or Note of such Lender;

  

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 (ii) waive, reduce or postpone any scheduled repayment due such Lender (but not
prepayment); 
 (iii) reduce the rate of interest on any Loan of such Lender (other than any amendment to the definition of
“Default Rate” (which may be affected by consent of the Requisite Lenders) and any waiver of any increase in the interest rate applicable to any Loan pursuant to Section 2.7) or any fee payable hereunder; 
 (iv) extend the time for payment of any such interest or fees to such Lender; 
 (v) reduce the principal amount of any Loan; 
 (vi) amend, modify, terminate or waive any provision of this Section 10.5(b) or Section 10.5(c); 
 (vii) amend the definition of “Requisite Lenders” or “Pro Rata Share”; provided, with the
consent of Administrative Agent and the Requisite Lenders, additional extensions of credit pursuant hereto may be included in the determination of “Requisite Lenders” or “Pro Rata Share” on substantially the same
basis as the Term Loan Commitments and the Term Loans are included on the Closing Date; 
 (viii) release all or
substantially all of the Collateral or the Guarantor from the Guaranty except as expressly provided in the Credit Documents; or 
 (ix) consent to the assignment or transfer by any Credit Party of any of its rights and obligations under any Credit Document. 
 (c) Other Consents. No amendment, modification, termination or waiver of any provision of the Credit Documents, or consent to any departure by any Credit Party therefrom, shall: 
 (i) amend the definition of “Requisite Lenders” without the consent of Requisite Lenders; 
  

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 (ii) amend, modify, terminate or waive any condition precedent in Section 3.1 with
regard to the making of any Loan without the consent of the Requisite Lenders (it being understood that no waiver of any Default or Event of Default by the Requisite Lenders, nor any waiver or amendment of any covenant, representation or other
provision not in Section 3.1 shall constitute an amendment, modification or waiver); or 
 (iii) amend, modify,
terminate or waive any provision of Section 9 as the same applies to any Agent, or any other provision hereof as the same applies to the rights or obligations of any Agent, in each case without the consent of such Agent. 
 Notwithstanding anything to the contrary herein, no Defaulting Lender shall have any right to approve or disapprove any amendment, modification, waiver or consent
hereunder, except that the Commitment of such Lender may not be increased or extended without the consent of such Lender. 
 (d)
Execution of Amendments, etc. Administrative Agent may, but shall have no obligation to, with the concurrence of any Lender, execute amendments, modifications, waivers or consents on behalf of such Lender. Any waiver or consent shall be
effective only in the specific instance and for the specific purpose for which it was given. No notice to or demand on any Credit Party in any case shall entitle any Credit Party to any other or further notice or demand in similar or other
circumstances. Any amendment, modification, termination, waiver or consent effected in accordance with this Section 10.5 shall be binding upon each Lender at the time outstanding, each future Lender and, if signed by a Credit Party, on such
Credit Party. 
 10.6 Successors and Assigns; Participations. 
 (a) Generally. This Agreement shall be binding upon the parties hereto and their respective successors and assigns and shall inure to the benefit
of the parties hereto and the successors and assigns of Lenders. No Credit Party’s rights or obligations hereunder nor any interest therein may be assigned or delegated by any Credit Party without the prior written consent of all Lenders (and
any attempted assignment or transfer by any Credit Party without such consent shall be null and void). Nothing in this Agreement, expressed or implied, shall be construed to confer upon any Person (other than the parties hereto, their respective
successors and assigns permitted hereby and, to the extent expressly contemplated hereby, Affiliates of each of the Agents and Lenders) any legal or equitable right, remedy or claim under or by reason of this Agreement. 
 (b) Register. Company, Administrative Agent and Lenders shall deem and treat the Persons listed as Lenders in the Register as the holders and
owners of the corresponding Commitments and Loans listed therein for all purposes hereof, and no assignment or transfer of any such Commitment or Loan shall be effective, in each case, unless and until an Assignment Agreement effecting the
assignment or transfer thereof shall have been delivered to and accepted by Administrative Agent and recorded in the Register as provided in Section 10.6(e). Prior to such recordation, all amounts owed with respect to the applicable Commitment

  

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 or Loan shall be owed to the Lender listed in the Register as the owner thereof, and any request, authority or consent of
any Person who, at the time of making such request or giving such authority or consent, is listed in the Register as a Lender shall be conclusive and binding on any subsequent holder, assignee or transferee of the corresponding Commitments or Loans.
Solely for the purposes of maintaining the Register and for tax purposes only Administrative Agent shall be deemed to be acting on behalf of the Credit Parties. 
 (c) Right to Assign. Each Lender shall have the right at any time to sell, assign or transfer all or a portion of its rights and obligations under this Agreement, including all or a portion of its Commitment or
Loans owing to it or other Obligations (provided, however, that each such assignment shall be of a uniform, and not varying, percentage of all rights and obligations under and in respect of any Loan and any related Commitments and
further provided that if Silver Point and its Related Funds sell, assign, or transfer a portion of their Commitment or Loans owing to them or other Obligations to any Person meeting the criteria of clauses (b), (c) or (d) of
the definition of the term of “Eligible Assignee” such that Silver Point and its Related Funds would hold less than fifty percent (50%) of the Lenders’ Commitments, Loans, or other Obligations, such sale, assignment, or transfer
shall require the consent of the Company, which consent shall not be unreasonably withheld or delayed): 
 (i) to any Person
meeting the criteria of clause (a) of the definition of the term of “Eligible Assignee” upon the giving of notice to Company and Administrative Agent; and 
 (ii) to any Person otherwise constituting an Eligible Assignee with the consent of Administrative Agent; provided, each such
assignment pursuant to this Section 10.6(c)(ii) shall be in an aggregate amount of not less than $1,000,000 (or such lesser amount as may be agreed to by Company and Administrative Agent or as shall constitute the aggregate amount of the Term
Loans of the assigning Lender) with respect to the assignment of Term Loans. 
 (d) Mechanics. The assigning Lender and the assignee
thereof shall execute and deliver to Administrative Agent an Assignment Agreement, together with such forms, certificates or other evidence, if any, with respect to United States federal income tax withholding matters as the assignee under such
Assignment Agreement may be required to deliver to Administrative Agent pursuant to Section 2.17(e). 
 (e) Notice of
Assignment. Upon its receipt and acceptance of a duly executed and completed Assignment Agreement, any forms, certificates or other evidence required by this Agreement in connection therewith, Administrative Agent shall record the information
contained in such Assignment Agreement in the Register, shall give prompt notice thereof to Company and shall maintain a copy of such Assignment Agreement. 
 (f) Representations and Warranties of Assignee. Each Lender, upon execution and delivery hereof or upon executing and delivering an Assignment Agreement, as the case may be, represents and warrants as of the
Closing Date or as of the applicable Effective Date (as defined in the applicable Assignment Agreement) that (i) it is an Eligible Assignee; (ii)
  

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 it has experience and expertise in the making of or investing in commitments or loans such as the applicable Commitments
or Loans, as the case may be; and (iii) it will make or invest in, as the case may be, its Commitments or Loans for its own account in the ordinary course of its business and without a view to distribution of such Commitments or Loans within
the meaning of the Securities Act or the Exchange Act or other federal securities laws (it being understood that, subject to the provisions of this Section 10.6, the disposition of such Commitments or Loans or any interests therein shall at all
times remain within its exclusive control). 
 (g) Effect of Assignment. Subject to the terms and conditions of this
Section 10.6, as of the “Effective Date” specified in the applicable Assignment Agreement: (i) the assignee thereunder shall have the rights and obligations of a “Lender” hereunder to the extent such rights and
obligations hereunder have been assigned to it pursuant to such Assignment Agreement and shall thereafter be a party hereto and a “Lender” for all purposes hereof; (ii) the assigning Lender thereunder shall, to the extent that rights
and obligations hereunder have been assigned thereby pursuant to such Assignment Agreement, relinquish its rights (other than any rights which survive the termination hereof under Section 10.9) and be released from its obligations hereunder
(and, in the case of an Assignment Agreement covering all or the remaining portion of an assigning Lender’s rights and obligations hereunder, such Lender shall cease to be a party hereto; provided, anything contained in any of the Credit
Documents to the contrary notwithstanding, such assigning Lender shall continue to be entitled to the benefit of all indemnities hereunder as specified herein with respect to matters arising out of the prior involvement of such assigning Lender as a
Lender hereunder); (iii) the Commitments shall be modified to reflect the Commitment of such assignee and any Commitment of such assigning Lender, if any; and (iv) if any such assignment occurs after the issuance of any Note hereunder, the
assigning Lender shall, upon the effectiveness of such assignment or as promptly thereafter as practicable, surrender its applicable Notes to Administrative Agent for cancellation, and thereupon Company shall issue and deliver new Notes, if so
requested by the assignee and/or assigning Lender, to such assignee and/or to such assigning Lender, with appropriate insertions, to reflect the new Commitments and/or outstanding Loans of the assignee and/or the assigning Lender. 
 (h) Participations. Each Lender shall have the right at any time to sell one or more participations to any Person (other than Holdings, any of
its Subsidiaries or any of its Affiliates) in all or any part of its Commitments, Loans or in any other Obligation, provided that any sale of participations in fifty percent (50%) or more of the Lenders’ Commitments, Loans or other
Obligations shall require the consent of the Company, which consent shall not be unreasonably withheld or delayed. The holder of any such participation (a “Participant”), other than an Affiliate of the Lender granting such participation,
shall not be entitled to require such Lender to take or omit to take any action hereunder except with respect to any amendment, modification or waiver that would (i) extend the final scheduled maturity of any Loan or Note in which such
Participant is participating, or reduce the rate or extend the time of payment of interest or fees thereon (except any amendment to the definition of “Default Rate” or in connection with a waiver of applicability of any post default
increase in interest rates) or reduce the principal amount thereof, or increase the amount of the Participant’s participation over the amount thereof then in effect (it being understood that a waiver of any Default or Event of Default or of a
mandatory reduction in the Commitment shall not constitute a change in the terms of such participation, and that an increase in any Commitment or Loan shall be permitted without 
  

 91 

 the consent of any Participant if the Participant’s participation is not increased as a result thereof),
(ii) consent to the assignment or transfer by any Credit Party of any of its rights and obligations under this Agreement, or (iii) release all or substantially all of the Collateral under the Collateral Documents or the Guarantor from the
Guaranty (in each case, except as expressly provided in the Credit Documents) supporting the Loans hereunder in which such Participant is participating. Company agrees that each Participant shall be entitled, through the participating Lender, to the
benefits of Sections 2.15(c), 2.16 and 2.17 to the same extent as if it were a Lender and had acquired its interest by assignment pursuant to clause (c) of this Section; provided, (i) a Participant shall not be entitled to receive
any greater payment under Section 2.16 or 2.17 than the applicable Lender would have been entitled to receive with respect to the participation sold to such Participant, unless the sale of the participation to such Participant is made with
Company’s prior written consent, and (ii) a Participant that would be a Non-U.S. Lender if it were a Lender shall not be entitled to the benefits of Section 2.17 unless Company is notified of the participation sold to such Participant
and such Participant agrees, for the benefit of Company, to comply with Section 2.17 as though it were a Lender. To the extent permitted by law, each Participant also shall be entitled to the benefits of Section 10.4 as though it were a
Lender, provided such Participant agrees to be subject to Section 2.16 as though it were a Lender. 
 (i) Certain Other
Assignments. In addition to any other assignment permitted pursuant to this Section 10.6, any Lender may assign, pledge and/or grant a security interest in, all or any portion of its Loans, the other Obligations owed by or to such Lender,
and its Notes, if any, to secure obligations of such Lender including any Federal Reserve Bank as collateral security pursuant to Regulation A of the Board of Governors of the Federal Reserve System and any operating circular issued by such Federal
Reserve Bank; provided, no Lender, as between Company and such Lender, shall be relieved of any of its obligations hereunder as a result of any such assignment and pledge, and provided further, in no event shall the applicable
Federal Reserve Bank, pledgee or trustee be considered to be a “Lender” or be entitled to require the assigning Lender to take or omit to take any action hereunder. 
 10.7 Special Purpose Funding Vehicles. Notwithstanding anything to the contrary contained herein, any Lender (“Granting Lender”)
may grant to a special purpose funding vehicle (a “SPC”), identified as such in writing from time to time by the Granting Lender to Administrative Agent and Company, the option to provide to Company all or any part of any Loan that
such Granting Lender would otherwise be obligated to make to Company pursuant to this Agreement; provided that (x) nothing herein shall constitute a commitment by any SPC to make any Loans and (y) if an SPC elects not to exercise such
option or otherwise fails to provide all or any part of such Loan, the Granting Lender shall be obligated to make such Loan pursuant to the terms hereof. The making of a Loan by an SPC hereunder shall utilize the Commitment of the Granting Lender to
the same extent, and as if, such Loan were made by such Granting Lender. Each party hereto hereby agrees that no SPC shall be liable for any indemnity or similar payment obligation under this Agreement (all liability for which shall remain with the
Granting Lender). In furtherance of the foregoing, each party hereto hereby agrees (which agreement shall survive the termination of this Agreement) that, prior to the date that is one year and one day after the payment in full of all outstanding
commercial paper or other senior indebtedness of any SPC, it will not institute against, or join any other person in instituting against, such SPC any bankruptcy, reorganization, arrangement, insolvency or liquidation proceedings under the laws of
the United States or any State thereof. In addition, notwithstanding anything to the contrary contained in 
  

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 this clause, any SPC may (i) with notice to, but without the prior written consent of, Company or Administrative
Agent and without paying any processing fee therefor, assign all or a portion of its interests in any Loans to the Granting Lender or to any financial institutions (consented to by Company and Administrative Agent) providing liquidity and/or credit
support to or for the account of such SPC to support the funding or maintenance of Loans and (ii) disclose on a confidential basis any non-public information relating to its Loans to any rating agency, commercial paper dealer or provider of any
surety, guarantee or credit or liquidity enhancement to such SPC. This Section may not be amended without the written consent of the SPC. Company acknowledges and agrees, subject to the next sentence, that, to the fullest extent permitted under
applicable law, each SPC, for purposes of Sections 2.14, 2.15, 2.16, 2.17, 10.2, 10.3 and 10.4, shall be considered a Lender. Company shall not be required to pay any amount under Sections 2.14, 2.15, 2.16, 2.17, 10.2, 10.3 and 10.4 that is greater
than the amount which it would have been required to pay had no grant been made by a Granting Lender to a SPC. 
 10.8 Independence of
Covenants. All covenants hereunder shall be given independent effect so that if a particular action or condition is not permitted by any of such covenants, the fact that it would be permitted by an exception to, or would otherwise be within the
limitations of, another covenant shall not avoid the occurrence of a Default or an Event of Default if such action is taken or condition exists. 
 10.9 Survival of Representations, Warranties and Agreements. All representations, warranties and agreements made herein shall survive the execution and delivery hereof and the making of any Credit Extension. Notwithstanding anything
herein or implied by law to the contrary, the agreements of each Credit Party set forth in Sections 2.15(c), 2.16, 2.17, 10.2, 10.3 and 10.4 and the agreements of Lenders set forth in Sections 2.14, 9.3(b) and 9.6 shall survive the payment of the
Loans and the termination hereof. 
 10.10 No Waiver; Remedies Cumulative. No failure or delay on the part of any Agent or any Lender
in the exercise of any power, right or privilege hereunder or under any other Credit Document shall impair such power, right or privilege or be construed to be a waiver of any default or acquiescence therein, nor shall any single or partial exercise
of any such power, right or privilege preclude other or further exercise thereof or of any other power, right or privilege. The rights, powers and remedies given to each Agent and each Lender hereby are cumulative and shall be in addition to and
independent of all rights, powers and remedies existing by virtue of any statute or rule of law or in any of the other Credit Documents. Any forbearance or failure to exercise, and any delay in exercising, any right, power or remedy hereunder shall
not impair any such right, power or remedy or be construed to be a waiver thereof, nor shall it preclude the further exercise of any such right, power or remedy. 
 10.11 Marshalling; Payments Set Aside. Neither any Agent nor any Lender shall be under any obligation to marshal any assets in favor of any Credit Party or any other Person or against or in payment of any or
all of the Obligations. To the extent that any Credit Party makes a payment or payments to Administrative Agent or Lenders (or to Administrative Agent, on behalf of Lenders), or Administrative Agent, Collateral Agent or Lenders enforce any security
interests or exercise their rights of setoff, and such payment or payments or the proceeds of such enforcement or setoff or any part thereof are subsequently invalidated, declared to be fraudulent or preferential, set aside and/or required to be
repaid to a trustee, receiver or any other party 
  

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 under any bankruptcy law, any other state or federal law, common law or any equitable cause, then, to the extent of such
recovery, the obligation or part thereof originally intended to be satisfied, and all Liens, rights and remedies therefor or related thereto, shall be revived and continued in full force and effect as if such payment or payments had not been made or
such enforcement or setoff had not occurred. 
 10.12 Severability. In case any provision in or obligation hereunder or any Note or
other Credit Document shall be invalid, illegal or unenforceable in any jurisdiction, the validity, legality and enforceability of the remaining provisions or obligations, or of such provision or obligation in any other jurisdiction, shall not in
any way be affected or impaired thereby. 
 10.13 Obligations Several; Independent Nature of Lenders’ Rights. The obligations of
Lenders hereunder are several and no Lender shall be responsible for the obligations or Commitment of any other Lender hereunder. Nothing contained herein or in any other Credit Document, and no action taken by Lenders pursuant hereto or thereto,
shall be deemed to constitute Lenders as a partnership, an association, a joint venture or any other kind of entity. The amounts payable at any time hereunder to each Lender shall be a separate and independent debt, and each Lender shall be entitled
to protect and enforce its rights arising out hereof and it shall not be necessary for any other Lender to be joined as an additional party in any proceeding for such purpose. 
 10.14 Headings. Section headings herein are included herein for convenience of reference only and shall not constitute a part hereof for any other
purpose or be given any substantive effect. 
 10.15 APPLICABLE LAW. THIS AGREEMENT AND THE RIGHTS AND OBLIGATIONS OF THE PARTIES
HEREUNDER SHALL BE GOVERNED BY, AND SHALL BE CONSTRUED AND ENFORCED IN ACCORDANCE WITH, THE LAWS OF THE STATE OF NEW YORK. 
 10.16
CONSENT TO JURISDICTION. 
 (a) ALL JUDICIAL PROCEEDINGS BROUGHT AGAINST ANY CREDIT PARTY ARISING OUT OF OR RELATING HERETO OR ANY
OTHER CREDIT DOCUMENT, OR ANY OF THE OBLIGATIONS, MAY BE BROUGHT IN ANY STATE OR FEDERAL COURT OF COMPETENT JURISDICTION IN THE STATE, COUNTY AND CITY OF NEW YORK. BY EXECUTING AND DELIVERING THIS AGREEMENT, EACH CREDIT PARTY, FOR ITSELF AND IN
CONNECTION WITH ITS PROPERTIES, IRREVOCABLY (i) ACCEPTS GENERALLY AND UNCONDITIONALLY THE NONEXCLUSIVE JURISDICTION AND VENUE OF SUCH COURTS; (ii) WAIVES ANY DEFENSE OF FORUM NON CONVENIENS; (iii) AGREES THAT SERVICE OF ALL PROCESS IN
ANY SUCH PROCEEDING IN ANY SUCH COURT MAY BE MADE BY REGISTERED OR CERTIFIED MAIL, RETURN RECEIPT REQUESTED, TO THE APPLICABLE CREDIT PARTY AT ITS ADDRESS PROVIDED IN ACCORDANCE WITH SECTION 10.1 AND TO ANY PROCESS AGENT SELECTED IN ACCORDANCE WITH
SECTION 3.1(u) ABOVE IS SUFFICIENT TO CONFER PERSONAL JURISDICTION OVER THE APPLICABLE 
  

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 CREDIT PARTY IN ANY SUCH PROCEEDING IN ANY SUCH COURT, AND OTHERWISE CONSTITUTES EFFECTIVE AND BINDING SERVICE IN
EVERY RESPECT; AND (iv) AGREES THAT AGENTS AND LENDERS RETAIN THE RIGHT TO SERVE PROCESS IN ANY OTHER MANNER PERMITTED BY LAW OR TO BRING PROCEEDINGS AGAINST ANY CREDIT PARTY IN THE COURTS OF ANY OTHER JURISDICTION. 
 (b) EACH CREDIT PARTY HEREBY AGREES THAT PROCESS MAY BE SERVED ON IT BY CERTIFIED MAIL, RETURN RECEIPT REQUESTED, TO THE ADDRESSES PERTAINING TO IT
AS SPECIFIED IN SECTION 10.1 OR ON CT CORPORATION SYSTEM, LOCATED AT 111 EIGHTH AVENUE, NEW YORK, NEW YORK 10011, AND HEREBY APPOINTS CT CORPORATION SYSTEM AS ITS AGENT TO RECEIVE SUCH SERVICE OF PROCESS. ANY AND ALL SERVICE OF PROCESS AND ANY OTHER
NOTICE IN ANY SUCH ACTION, SUIT OR PROCEEDING SHALL BE EFFECTIVE AGAINST ANY CREDIT PARTY IF GIVEN BY REGISTERED OR CERTIFIED MAIL, RETURN RECEIPT REQUESTED, OR BY ANY OTHER MEANS OR MAIL WHICH REQUIRES A SIGNED RECEIPT, POSTAGE PREPAID, MAILED AS
PROVIDED ABOVE. IN THE EVENT CT CORPORATION SYSTEM SHALL NOT BE ABLE TO ACCEPT SERVICE OF PROCESS AS AFORESAID AND IF ANY CREDIT PARTY SHALL NOT MAINTAIN AN OFFICE IN NEW YORK CITY, SUCH CREDIT PARTY SHALL PROMPTLY APPOINT AND MAINTAIN AN AGENT
QUALIFIED TO ACT AS AN AGENT FOR SERVICE OF PROCESS WITH RESPECT TO THE COURTS SPECIFIED IN THIS SECTION 10.16 ABOVE, AND ACCEPTABLE TO THE ADMINISTRATIVE AGENT, AS EACH CREDIT PARTY’S AUTHORIZED AGENT TO ACCEPT AND ACKNOWLEDGE ON EACH CREDIT
PARTY’S BEHALF SERVICE OF ANY AND ALL PROCESS WHICH MAY BE SERVED IN ANY SUCH ACTION, SUIT OR PROCEEDING. 
 10.17 WAIVER OF JURY
TRIAL. EACH OF THE PARTIES HERETO HEREBY AGREES TO WAIVE ITS RESPECTIVE RIGHTS TO A JURY TRIAL OF ANY CLAIM OR CAUSE OF ACTION BASED UPON OR ARISING HEREUNDER OR UNDER ANY OF THE OTHER CREDIT DOCUMENTS OR ANY DEALINGS BETWEEN THEM RELATING TO THE
SUBJECT MATTER OF THIS LOAN TRANSACTION OR THE LENDER/BORROWER RELATIONSHIP THAT IS BEING ESTABLISHED. THE SCOPE OF THIS WAIVER IS INTENDED TO BE ALL ENCOMPASSING OF ANY AND ALL DISPUTES THAT MAY BE FILED IN ANY COURT AND THAT RELATE TO THE SUBJECT
MATTER OF THIS TRANSACTION, INCLUDING CONTRACT CLAIMS, TORT CLAIMS, BREACH OF DUTY CLAIMS AND ALL OTHER COMMON LAW AND STATUTORY CLAIMS. EACH PARTY HERETO ACKNOWLEDGES THAT THIS WAIVER IS A MATERIAL INDUCEMENT TO ENTER INTO A BUSINESS RELATIONSHIP,
THAT EACH HAS ALREADY RELIED ON THIS WAIVER IN ENTERING INTO THIS AGREEMENT, AND THAT EACH WILL CONTINUE TO RELY ON THIS WAIVER IN ITS RELATED FUTURE DEALINGS. EACH PARTY HERETO FURTHER WARRANTS AND REPRESENTS THAT IT HAS REVIEWED THIS WAIVER WITH
ITS LEGAL COUNSEL AND THAT IT KNOWINGLY AND VOLUNTARILY WAIVES ITS JURY TRIAL RIGHTS 
  

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 FOLLOWING CONSULTATION WITH LEGAL COUNSEL. THIS WAIVER IS IRREVOCABLE, MEANING THAT IT MAY NOT BE MODIFIED EITHER
ORALLY OR IN WRITING (OTHER THAN BY A MUTUAL WRITTEN WAIVER SPECIFICALLY REFERRING TO THIS SECTION 10.16 AND EXECUTED BY EACH OF THE PARTIES HERETO), AND THIS WAIVER SHALL APPLY TO ANY SUBSEQUENT AMENDMENTS, RENEWALS, SUPPLEMENTS OR MODIFICATIONS
HERETO OR ANY OF THE OTHER CREDIT DOCUMENTS OR TO ANY OTHER DOCUMENTS OR AGREEMENTS RELATING TO THE LOANS MADE HEREUNDER. IN THE EVENT OF LITIGATION, THIS AGREEMENT MAY BE FILED AS A WRITTEN CONSENT TO A TRIAL BY THE COURT. 
 10.18 Confidentiality. Each Lender shall hold all non-public information regarding Company and its Subsidiaries and their businesses clearly
identified as such by Company and obtained by such Lender pursuant to the requirements hereof in accordance with such Lender’s customary procedures for handling confidential information of such nature, it being understood and agreed by Company
that, in any event, a Lender may make (i) disclosures of such information to Affiliates of such Lender and to their directors, officers, employees, agents and advisors (and to other persons authorized by a Lender or Agent to organize, present
or disseminate such information in connection with disclosures otherwise made in accordance with this Section 10.18), (ii) disclosures of such information reasonably required by any bona fide or potential assignee, transferee or
participant in connection with the contemplated assignment, transfer or participation by such Lender of any Loans or any participations therein, provided that, prior to any disclosure, each Lender shall use commercially reasonable efforts to cause
such potential assignee, transferee or participant to agree in writing to preserve the confidentiality of any confidential information relating to the Credit Parties received by it in accordance with the terms hereof; (iii) disclosure to any
rating agency when required by it, provided that, prior to any disclosure, such rating agency shall undertake in writing to preserve the confidentiality of any confidential information relating to the Credit Parties received by it from any of
the Agents or any Lender, (iv) disclosures to any Lender’s financing sources, provided that prior to any disclosure, such financing source is informed of the confidential nature of the information, (v) disclosure of information which
(A) becomes publicly available other than as a result of a breach of this Section 10.18 or (B) becomes available to Administrative Agent or any Lender on a non-confidential basis from a source other than Company, and
(vi) disclosures required or requested by any governmental agency or representative thereof or by the NAIC or pursuant to legal or judicial process; provided, unless specifically prohibited by applicable law or court order, each Lender
shall make reasonable efforts to notify Company of any request by any governmental agency or representative thereof (other than any such request in connection with any examination of the financial condition or other routine examination of such
Lender by such governmental agency) for disclosure of any such non-public information prior to disclosure of such information. Notwithstanding the foregoing, on or after the Closing Date, Administrative Agent may, at its own expense, issue news
releases and publish “tombstone” advertisements and other announcements relating to this transaction in newspapers, trade journals and other appropriate media. 
 10.19 Usury Savings Clause. Notwithstanding any other provision herein, the aggregate interest rate charged or agreed to be paid with respect to any of the Obligations, including all charges or fees in
connection therewith deemed in the nature of interest under 
  

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 applicable law shall not exceed the Highest Lawful Rate. If the rate of interest (determined without regard to the
preceding sentence) under this Agreement at any time exceeds the Highest Lawful Rate, the outstanding amount of the Loans made hereunder shall bear interest at the Highest Lawful Rate until the total amount of interest due hereunder equals the
amount of interest which would have been due hereunder if the stated rates of interest set forth in this Agreement had at all times been in effect. In addition, if when the Loans made hereunder are repaid in full the total interest due hereunder
(taking into account the increase provided for above) is less than the total amount of interest which would have been due hereunder if the stated rates of interest set forth in this Agreement had at all times been in effect, then to the extent
permitted by law, Company shall pay to Administrative Agent an amount equal to the difference between the amount of interest paid and the amount of interest which would have been paid if the Highest Lawful Rate had at all times been in effect.
Notwithstanding the foregoing, it is the intention of Lenders and Company to conform strictly to any applicable usury laws. Accordingly, if any Lender contracts for, charges, or receives any consideration which constitutes interest in excess of the
Highest Lawful Rate, then any such excess shall be cancelled automatically and, if previously paid, shall at such Lender’s option be applied to the outstanding amount of the Loans made hereunder or be refunded to Company. In determining whether
the interest contracted for, charged, or received by Administrative Agent or a Lender exceeds the Highest Lawful Rate, such Person may, to the extent permitted by applicable law, (a) characterize any payment that is not principal as an expense,
fee, or premium rather than interest, (b) exclude voluntary prepayments and the effects thereof, and (c) amortize, prorate, allocate, and spread in equal or unequal parts the total amount of interest, throughout the contemplated term of
the Obligations hereunder. 
 10.20 Counterparts. This Agreement may be executed in any number of counterparts, each of which when so
executed and delivered shall be deemed an original, but all such counterparts together shall constitute but one and the same instrument. 
 10.21 Effectiveness. This Agreement shall become effective upon the execution of a counterpart hereof by each of the parties hereto and receipt by Company and Administrative Agent of written or telephonic notification of such
execution and authorization of delivery thereof. 
 10.22 Patriot Act. Each Lender and Administrative Agent (for itself and not on
behalf of any Lender) hereby notifies Company that pursuant to the requirements of the Patriot Act, it is required to obtain, verify and record information that identifies Company, which information includes the name and address of Company and other
information that will allow such Lender or Administrative Agent, as applicable, to identify Company in accordance with the Patriot Act. 
 10.23 Disclosure. Each Credit Party and each Lender hereby acknowledges and agrees that Administrative Agent and/or its Affiliates from time to time may hold investments in, and make other loans to, or have other relationships with
any of the Credit Parties and their respective Affiliates. In addition, each Credit Party and each Lender hereby acknowledges that affiliates of Administrative Agent have also made a loan to Company and received a warrant from Holdings. 

10.24 Appointment for Perfection. Each Lender hereby appoints each other Lender as its agent for the purpose of perfecting Liens, for the
benefit of Administrative Agent and the 
  

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 Lenders, in assets which, in accordance with Article 9 of the UCC or any other applicable law can be perfected only by
possession. Should any Lender (other than Administrative Agent) obtain possession of any such Collateral, such Lender shall notify Administrative Agent thereof, and, promptly upon Administrative Agent’s request therefore shall deliver such
Collateral to Administrative Agent or otherwise deal with such Collateral in accordance with Administrative Agent’s instructions. 
 10.25 Advertising and Publicity. No Credit Party shall issue or disseminate to the public (by advertisement, including without limitation any “tombstone” advertisement, press release or otherwise), submit for publication or
otherwise cause or seek to publish any information describing the credit or other financial accommodations made available by Lenders pursuant to this Agreement and the other Credit Documents without the prior written consent of Administrative Agent.
Nothing in the foregoing shall be construed to prohibit any Credit Party from making any submission or filing which it is required to make by applicable law or pursuant to judicial process; provided, that, (i) such filing or submission
shall contain only such information as is necessary to comply with applicable law or judicial process and (ii) unless specifically prohibited by applicable law or court order, Company shall promptly notify Administrative Agent of the
requirement to make such submission or filing and provide Administrative Agent with a copy thereof. 
 SECTION 11. TAX MATTERS

 11.1 Company. The Company will be as of the Closing Date treated for federal income tax purposes as either a partnership under
Treasury Regulations Section 301.7701-3(b)(1)(i) or an entity whose existence, separate and apart from its sole owner, is disregarded under Treasury Regulations Section 301.7701(2)(c)(i). Upon the completion of the Transactions set forth
in the Related Agreements, substantially all the assets of the Company will consist of 79% of the interests in GBGH, any accounts permitted or required by this Agreement or the Related Agreements and, upon completion of the contribution contemplated
by the Company’s limited liability agreement on the Closing Date, 100% of the interests in Viking International Petroleum Limited, a United Kingdom private limited company (“VIP”). 
 11.2 GBGH. GBGH will be as of the Closing Date treated for federal income tax purposes as a partnership under Treasury Regulations
Section 301.7701-3(b)(1)(i). Upon the completion of the Transactions set forth in the Related Agreements, substantially all the assets of GBGH will consist of 100% of the interests in UK Energy Systems Limited, a United Kingdom private limited
company (“Limited”), all intercompany loan receivables from Limited and all hedge agreements and accounts permitted or required by this Agreement or the Related Agreements. 
 11.3 Limited. Limited has elected to be treated for federal income tax purposes as an entity whose existence, separate and apart from the Company,
is disregarded under Treasury Regulations Section 301.7701-2(c)(2)(i). Upon the completion of the Transactions set forth in the Related Agreements, substantially all the assets of Limited will consist of (a) 100% of the interests in RGS
Energy Limited, a United Kingdom private limited company (“RGS”), (b) 100% of the interests in Madison Energy Management Limited, a United Kingdom private 
  

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 limited company (“Madison”), (c) 100% of the interests in Viking Petroleum UK Limited, a United
Kingdom private limited company (“Viking Petro”), (d) all intercompany loan receivables from RGS and Viking Petro, (e) all hedge agreements permitted or required by the Related Agreements and (f) all accounts
permitted or required by this Agreement or the Related Agreements. 
 11.4 RGS. RGS has elected to be treated for federal income tax
purposes as an entity whose existence, separate and apart from the Company, is disregarded under Treasury Regulations Section 301.7701-2(c)(2)(i). Upon the completion of the Transactions set forth in the Related Agreements, RGS does not own any
interest in any person that is treated for federal income tax purposes as equity. RGS does not conduct any material operations or own any fixed assets within the United States. 
 11.5 Madison. Madison has elected to be treated for federal income tax purposes as an entity whose existence, separate and apart from the Company,
is disregarded under Treasury Regulations Section 301.7701-2(c)(2)(i). Upon the completion of the Transactions set forth in the Related Agreements, Madison does not own any interest in any person that is treated for federal income tax purposes
as equity and does not provide management services to any person other than Limited, RGS, Viking Petro, Viking UK Gas, or Viking BV. 
 11.6 Viking Petro. Within thirty (30) days of this Agreement, Viking Petro will make an election (retroactive to the date of this Agreement) to be treated for federal income tax purposes as an entity whose existence, separate
and apart from the Company, is disregarded under Treasury Regulations Section 301.7701-2(c)(2)(i). To the Company’s knowledge, substantially all the assets of Viking Petro, upon the completion of the Transactions set forth in the Related
Agreements, will consist of 100% of the interests in Viking UK Gas Limited, a United Kingdom private limited company (“Viking UK Gas”) and 100% of the interests in Viking Petroleum B.V., a Netherlands Besloten Vennottschap
(“Viking BV”). 
 11.7 Viking UK Gas. Within thirty (30) days of this Agreement, Viking UK Gas will make an
election (retroactive to the date of this Agreement) to be treated for federal income tax purposes as an entity whose existence, separate and apart from GBGH, is disregarded under Treasury Regulations Section 301.7701-2(c)(2)(i). To the
Company’s knowledge, Viking UK Gas does not, upon the completion of the Transactions set forth in the Related Agreements, own any interest in any person that is treated for federal income tax purposes as equity or conduct any material
operations or own any fixed assets within the United States. 
 11.8 Viking BV. Within thirty (30) days of this Agreement, Viking
BV will make an election (retroactive to the date of this Agreement) to be treated for federal income tax purposes as an entity whose existence, separate and apart from GBGH, is disregarded under Treasury Regulations
Section 301.7701-2(c)(2)(i). To the Company’s knowledge, Viking BV does not, upon the completion of the Transactions set forth in the Related Agreements, own any interest in any person that is treated for federal income tax purposes as
equity or conduct any material operations or own any fixed assets within the United States. 
 11.9 VIP. To the Company’s
knowledge, VIP has elected to be treated for federal income tax purposes as an entity whose existence, separate and apart from the Company, is 
  

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 disregarded under Treasury Regulations Section 301.7701-2(c)(2)(i). To the Company’s knowledge, VIP does not,
upon the completion of the Transactions set forth in the Related Agreements, own any interest in any person that is treated for federal income tax purposes as equity or conduct any material operations or own any fixed assets within the United
States. 
 IN WITNESS WHEREOF, the parties hereto have caused this Agreement to be duly executed and delivered by their respective officers
thereunto duly authorized as of the date first written above. 
  

			
	US ENERGY OVERSEAS INVESTMENTS LLC
		
	By:	 	  

	Name:	 	
	Title:	 	
	
	U.S. ENERGY SYSTEMS, INC.
		
	By:	 	  

	Name:	 	
	Title:	 	
	
	SILVER POINT FINANCE, LLC,
	as Administrative Agent, Syndication Agent, Lead Arranger and Collateral Agent
		
	By:	 	  

	Name:	 	
	Title:	 	
	
	SPCP GROUP, L.L.C.,
	as a Lender
		
	By:	 	  

	Name:	 	
	Title:	 	
	
	SPCP GROUP III LLC,
	as a Lender
		
	By:	 	  

	Name:	 	
	Title:	 	
	
	KENMONT SPECIAL OPPORTUNITIES MASTER FUND, L.P.
	as a Lender
		
	By:	 	Kenmont Investments Management, L.P.
		
	By:	 	  

	Name:	 	
	Title:	 	

  

 100

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