Document:

lxu-ex101_123.htm

 

Exhibit 10.1

SPECIFIC TERMS IN THIS EXHIBIT HAVE BEEN REDACTED BECAUSE CONFIDENTIAL TREATMENT OF THOSE TERMS HAS BEEN REQUESTED. THE REDACTED MATERIAL HAS BEEN SEPARATELY SUBMITTED TO THE SECURITIES AND EXCHANGE COMMISSION, AND THE TERMS HAVE BEEN MARKED AT THE APPROPRIATE PLACE WITH THREE ASTERISKS (***).

UREA AMMONIUM NITRATE 

Purchase AND SALE AGREEMENT

 

	
1.   Effective Date
	
June 1, 2016

 

	
2.   Buyer
	
Coffeyville Resources Nitrogen Fertilizers, LLC ("Buyer")

 

	
3.   Seller
	
Pryor Chemical Company (“Seller”)

 

	
4.   Term and Termination
	
The term shall commence on the Effective Date and shall terminate on May 31, 2019, unless otherwise terminated earlier in accordance with this Agreement (“Term”).  The Term shall automatically extend for additional periods of one year each unless either party provides notice of non-extension at least 12 months prior to the end of the Term or any extended Term, as applicable, unless otherwise terminated as provided herein.

Buyer may unilaterally terminate this Agreement at any time and for any reason, without liability therefor, upon 180 days advance written notice of termination to Seller, provided that each party’s rights and obligations pertaining to Product committed to prior to such advance notice shall survive termination. Seller may unilaterally terminate this Agreement at any time and for any reason, without liability therefor, upon 90 days advance written notice of termination to Buyer, provided that each party’s rights and obligations pertaining to Product committed to prior to such advance notice shall survive termination.

Either party may terminate this Agreement (a) upon a material breach of this Agreement by the other party which, if capable of being cured, is not cured within 30 days of notice of such material breach, or (b) if the other party becomes insolvent or is generally unable to pay, or fails to pay, its debts as they become due, files or has filed against it a petition for bankruptcy, seeks reorganization or other relief with respect to its debts, makes a general assignment for the benefit of its creditors, or applies for or has appointed a receiver, trustee, custodian, or similar agent.

 

	
5.   Product
	
Urea ammonium nitrate (“UAN” or "Product").  The specifications for the Product are contained in Appendix I (“Specifications”).  Seller warrants title to the Products and warrants that the Products shall conform to the Specifications.  Except for the foregoing, Seller makes no representation or warranty of any kind, express or implied, including, without limitation, any warranty of merchantability, fitness for any particular purpose, or any other matters with respect to the Products, whether the Products are used alone or in combination with any other material.

 

	
6.   Price
	
The price for Product is set forth in Appendix II.  An example of the price calculation is included in Appendix II.

 

	
7.   ***
	
***

 

	
8.   Available Tons
	
Seller shall advise Buyer each month as to how many Tons of Product it expects to make available to Buyer for purchase in future months (“Expected Available Tons”).  Expected Available Tons shall not be a commitment by Seller, but only a good faith forecast.

 

1

SPECIFIC TERMS IN THIS EXHIBIT HAVE BEEN REDACTED BECAUSE CONFIDENTIAL TREATMENT OF THOSE TERMS HAS BEEN REQUESTED. THE REDACTED MATERIAL HAS BEEN SEPARATELY SUBMITTED TO THE SECURITIES AND EXCHANGE COMMISSION, AND THE TERMS HAVE BEEN MARKED AT THE APPROPRIATE PLACE WITH THREE ASTERISKS (***).

 

	
9.   Quantity, Exclusivity, Seller’s Rights
	
Buyer shall have the exclusive right (but not the obligation) to purchase all UAN produced at Seller’s Facility up to the number of Expected Available Tons ***, the parties shall use commercially reasonable efforts to satisfy Seller’s requirements. Buyer shall market the Product produced by Seller with the same effort and priority as similarly situated Product produced by Buyer.

***

 

	
10.   Reporting and Payment
	
Buyer shall submit Product orders to Seller, and Seller shall process such orders and submit invoices to Buyer, all in accordance with the pricing outlined in Section 6. ***

The parties acknowledge that minor variances may occur in the billing process, such as differences in the actual and expected freight rates due to fuel surcharges.  As such, a quarterly reconciliation process will be conducted where either party may propose adjustments to the prior month’s billings.   The parties shall use commercially reasonable efforts to resolve the billing differences in a timely manner, but in no case later than three weeks following the end of each calendar quarter.

 

	
11.   Buyers Position Report
	
Buyer will report weekly to Seller the volume of Product on the books for future delivery, and an estimated timeframe for delivery of said Product.

Buyer shall maintain adequate books and records to document all sales of Seller’s Product to third parties (“Third-Party Sales”).  ***

 

	
12.   Seller’s Facility 
	
Seller’s chemical plant facility located at Pryor, Oklahoma (“Seller’s Facility”).  

 

	
13.   Delivery Terms/Shipping Mode
	
All Product shall be delivered to Buyer on an FCA Free Carrier (INCOTERMS 2010) Seller’s Facility basis.  Product may be delivered to railcars or trucks arranged by Buyer.  Timely delivery of Product is of importance to the parties.

 

	
14.   Seller Turnaround
	
Seller shall use commercially reasonable efforts to provide Buyer with at least 120 days prior notice of the commencement of any turnaround at Seller’s Facility, describing the expected commencement date, scope, and length of such turnaround.  

 

	
15.   Make-Whole
	
Seller must timely deliver all Product ordered by Buyer.  Seller’s obligation to make timely delivery of Product ordered by Buyer is absolute and shall not be affected by force majeure, other than a tornado, earthquake, hurricane, or terrorist attack that destroys or otherwise incapacitates Seller’s Facility (in such limited cases, a “Force Majeure Event”).  Seller shall notify Buyer as far in advance as practical if Seller anticipates any inability to make timely delivery of Product ordered by Buyer from Product produced at Seller’s Facility (a “Product Shortfall”).  ***

***

Notwithstanding anything seemingly to the contrary in this Agreement, Seller’s obligation to deliver Product to Buyer is limited to Product orders placed by Buyer.

 

	
16.   Railcars
	
Seller will provide railcars to Buyer (the “Railcars”) to facilitate deliveries of Product to Buyer and its customers, under a Railcar Agreement.  

 

	
17.   Access to Seller’s Facility 
	
All drivers for motor carriers loading Product at the Seller’s Facility will be required to follow Seller’s plant safety rules. 

 

2

SPECIFIC TERMS IN THIS EXHIBIT HAVE BEEN REDACTED BECAUSE CONFIDENTIAL TREATMENT OF THOSE TERMS HAS BEEN REQUESTED. THE REDACTED MATERIAL HAS BEEN SEPARATELY SUBMITTED TO THE SECURITIES AND EXCHANGE COMMISSION, AND THE TERMS HAVE BEEN MARKED AT THE APPROPRIATE PLACE WITH THREE ASTERISKS (***).

 

	
18.   Indemnification
	
Seller shall indemnify, defend, and hold harmless Buyer, its direct and indirect parent, affiliate, and subsidiary entities, and each of their respective officers, directors, employees, and agents (each an “Indemnified Party”) against any and all losses, damages, liabilities, deficiencies, claims, actions, judgments, settlements, awards, penalties, fines, costs or expenses of any kind, including reasonable attorneys’ fees (collectively, “Losses”), incurred by an Indemnified Party relating to any claim of a third party arising out of or in connection with the Products purchased from Seller or from Seller’s negligence, willful misconduct, or breach of this Agreement.  Seller’s parent shall execute this Agreement for the sole purpose of guaranteeing Seller’s obligations under this Section.

 

	
19.   Insurance
	
Seller agrees to maintain during the term of this Agreement Commercial General Liability insurance with a minimum limit of $5,000,000 per occurrence.  This insurance will include vendor endorsement naming Buyer as Additional Named Insured using ISO form #CG 20-15-11-88, or equivalent.  Seller agrees to waive their insurers’ right of subrogation against Buyer, for any insurance maintained by Seller which meets any indemnification requirements of Seller in this Agreement.  Seller will provide Buyer with a Certificate of Insurance evidencing this insurance is continuously maintained.  The amount of insurance required is not intended to limit or cap indemnity obligations of Seller under this Agreement.

 

	
20.   Buyer’s General Terms and Conditions
	
The General Terms and Conditions for Sales of Fertilizer Products (“General Terms and Conditions”) attached as Appendix III control the terms and conditions of sale and purchase of Product from Seller to Buyer unless otherwise expressly set forth set forth in the Agreement.  Without limiting the foregoing, for the avoidance of doubt, Section 15 (Make-Whole), Section 16 (Railcars), Section 18 (Indemnification), and Section 19 (Insurance) of this Agreement shall not be limited by the General Terms and Conditions.  All Attachments are incorporated in this Agreement by reference.

 

	
21.   Confidentiality
	
This Agreement, and the information exchanged between the parties in connection with this Agreement (“Confidential Information”), is confidential.  Neither party shall disclose the existence of this Agreement or any Confidential Information without the prior written consent of the other party, except to the extent required by law.  Confidential Information shall not be used for any purpose other than furthering each party’s respective obligations under this Agreement.  Confidential Information shall not include information to the extent such information (a) is or becomes generally available to the public, (b) is or becomes generally available to one party on a non-confidential basis from a source other than the other party, provided that the source is not known by the receiving party to be bound by a confidentiality agreement, or (c) was previously known by a party or is or was independently developed by such party.

 

	
22.   Counterparts
	
This Agreement may be executed in one or more counterparts, each of which will be deemed to be an original copy and all of which, when taken together, will be deemed to constitute one and the same agreement or document, and will be effective when counterparts have been signed by each of the parties and delivered to the other parties. A manual signature on the signature page to this Agreement, an image of which shall have been transmitted electronically, will constitute an original signature for all purposes. The delivery of copies of the signature page to this Agreement or any other document to be delivered pursuant to this Agreement, including executed signature pages where required, by electronic transmission will constitute effective delivery for all purposes.

 

 

[Signatures on following page]

 

 

3

SPECIFIC TERMS IN THIS EXHIBIT HAVE BEEN REDACTED BECAUSE CONFIDENTIAL TREATMENT OF THOSE TERMS HAS BEEN REQUESTED. THE REDACTED MATERIAL HAS BEEN SEPARATELY SUBMITTED TO THE SECURITIES AND EXCHANGE COMMISSION, AND THE TERMS HAVE BEEN MARKED AT THE APPROPRIATE PLACE WITH THREE ASTERISKS (***).

 

 

	
 
	
BUYER:

	
 
	
 

	
 
	
COFFEYVILLE RESOURCES NITROGEN FERTILIZERS, LLC

	
 
	
 

	
 
	
By:
	
 
	
/s/ Mark A. Pytosh

	
 
	
Name:
	
 
	
Mark A. Pytosh

	
 
	
Title:
	
 
	
Chief Executive Officer and President

	
 
	
 

	
 
	
SELLER:

	
 
	
 

	
 
	
PRYOR CHEMICAL COMPANY

	
 
	
 

	
 
	
By:
	
 
	
/s/ Brian Lewis

	
 
	
Name:
	
 
	
Brian Lewis

	
 
	
Title:
	
 
	
General Manager and Vice President

	
 
	
 

	
 
	
PARENT (FOR THE SOLE PURPOSE OF GUARANTEEING SELLER’S OBLIGATIONS UNDER SECTION 18 OF THE AGREEMENT):

	
 
	
 

	
 
	
LSB INDUSTRIES, INC.

	
 
	
 

	
 
	
By:
	
 
	
/s/ Daniel D. Greenwell

	
Name:
	
 
	
Dan Greenwell

	
 
	
Title:
	
 
	
Chief Executive Officer and President

 

 

 

4

SPECIFIC TERMS IN THIS EXHIBIT HAVE BEEN REDACTED BECAUSE CONFIDENTIAL TREATMENT OF THOSE TERMS HAS BEEN REQUESTED. THE REDACTED MATERIAL HAS BEEN SEPARATELY SUBMITTED TO THE SECURITIES AND EXCHANGE COMMISSION, AND THE TERMS HAVE BEEN MARKED AT THE APPROPRIATE PLACE WITH THREE ASTERISKS (***).

 

Appendix I

Product Specifications

 

	
UAN
	
 
	
Typical
	
Min
	
Max

	
% Nitrogen
	
 
	
32.00%
	
31.80%
	
32.50%

	
Appearance
	
 
	
Clear
	
Clear
	
Clear

	
Color
	
 
	
colorless
	
colorless
	
colorless

	
Free Ammonia
	
 
	
500 ppm
	
200 ppm
	
700 ppm

	
Specific Gravity @ 60 deg F
	
 
	
1.32
	
1.30
	
1.34

	
Gauge Pressure @ 140 deg F
	
PSIG
	
 
	
 
	
 

	
Approx. Salt Out Temp (deg F)
	
Deg F
	
32 F
	
32 F
	
32 F

	
Approx. Salt Out Temp (deg C)
	
Deg C
	
 0 C
	
 0  C
	
 0 C

	
PH UAN Day Tank (to maintain 0.1% Free NH3)
	
 
	
7
	
6.8
	
7.2

	
AN/UREA Ratio @ Origin
	
 
	
1.33
	
1.1
	
1.35

	
 
	
 
	
 
	
 
	
 

	
Corrosion Inhibitor
	
 
	
PO4 Based
	
PO4 Based
	
PO4 Based

	
Inhibitor rate 
	
ppm
	
100 ppm
	
80 ppm
	
120 ppm

	
 
	
 
	
 
	
 
	
 

	
% Nitrogen
	
 
	
28.00%
	
27.80%
	
28.50%

	
Approx. Salt Out Temp (deg F)
	
Deg F
	
 0 F
	
 0 F
	
 0 F

	
Approx. Salt Out Temp (deg C)
	
Deg C
	
 - 18 C
	
 - 18 C
	
 - 18 C

 

 

 

I-1

SPECIFIC TERMS IN THIS EXHIBIT HAVE BEEN REDACTED BECAUSE CONFIDENTIAL TREATMENT OF THOSE TERMS HAS BEEN REQUESTED. THE REDACTED MATERIAL HAS BEEN SEPARATELY SUBMITTED TO THE SECURITIES AND EXCHANGE COMMISSION, AND THE TERMS HAVE BEEN MARKED AT THE APPROPRIATE PLACE WITH THREE ASTERISKS (***).

 

Appendix II

Product Pricing 

Net Sales Price:

Buyer will prepare and email to Seller an order acknowledgment for all Product orders that are to be sold from Seller’s Facility.  The order acknowledgement will include the quantity to be sold and the Net Sales Price, with the Net Sales Price being equal to the following: 

***

Where: 

***

***

***

 

 

 

II-1

SPECIFIC TERMS IN THIS EXHIBIT HAVE BEEN REDACTED BECAUSE CONFIDENTIAL TREATMENT OF THOSE TERMS HAS BEEN REQUESTED. THE REDACTED MATERIAL HAS BEEN SEPARATELY SUBMITTED TO THE SECURITIES AND EXCHANGE COMMISSION, AND THE TERMS HAVE BEEN MARKED AT THE APPROPRIATE PLACE WITH THREE ASTERISKS (***).

 

Appendix III

Additional Terms and Conditions 

1. Product Measurement. Products shall be measured by calibrated meters or scales. Product weights shall be measured in short tons (2,000 pounds). Product volumes shall be rounded to the nearest three decimal places. Upon request and within reason, each Party shall have the right to have a representative witness tests of applicable meters and scales and measurements of Products. Measurements shall be deemed to be correct absent manifest error.

2. Limited Representations and Warranties. Seller represents and warrants to Buyer that the Products will conform to the specifications for the Product and that Product is delivered free from lawful security interests, liens, and encumbrances (collectively, the “Limited Representations and Warranties”).  THERE ARE NO WARRANTIES WHICH EXTEND BEYOND THE DESCRIPTION ON THE FACE HEREOF. SELLER MAKES NO OTHER REPRESENTATIONS OR WARRANTIES, EXPRESS OR IMPLIED, INCLUDING BUT NOT LIMITED TO ANY WARRANTY OF MERCHANTABILITY OR FITNESS OF THE PRODUCTS FOR A PARTICULAR PURPOSE (EVEN IF SUCH PURPOSE IS KNOWN TO SELLER), OR ANY WARRANTY AGAINST INFRINGEMENT (INCLUDING INFRINGEMENT OF PATENT AND TRADEMARK RIGHTS). ANY IMPLIED WARRANTIES ARE EXPRESSLY DISCLAIMED AND EXCLUDED.

3. Taxes. All prices for Products shall be exclusive of all sales, use, and excise taxes, and any other similar taxes, duties, assessments, and charges of any kind imposed by any governmental authority (collectively, “Taxes”), and Buyer shall be responsible for and pay all such Taxes, provided that Buyer shall not be responsible for any Taxes imposed on Seller with respect to Seller’s income, personnel, or real or personal property.

4. Force Majeure. Except with respect to payment for delivered Products, neither Party shall be liable or responsible for any failure or delay in performing its obligations, or any loss or damage resulting therefrom, when and to the extent such failure or delay is caused by or results from acts or circumstances beyond its reasonable control, acts of God, the elements, floods, fires, explosions, storms, earthquakes, power outages, wars, invasions or hostilities (whether war is declared or not), terrorist threats or acts, military operations, national emergencies, riots or civil unrest, revolution, insurrections, epidemics, government proration or regulation, newly implemented or enforced laws, regulations, or ordinances, actions of courts of competent jurisdiction, strikes, lockouts, differences with workmen, labor disturbances or disputes (whether or not relating to either Party’s workforce), breakage or breakdown of equipment, facilities, tankage, or pipelines, shortage of supplies or raw materials, or restraints or delays affecting carriers, manufacturers, or distributors, provided that, if the event in question continues for a continuous period in excess of 120 days, either Party may terminate the Agreement and these General Terms and Conditions or any Transaction Agreement with respect to future deliveries of Products upon notice to the other Party. If by reason of any such circumstances, Seller's supply of Products is insufficient to meet all of its delivery requirements, Seller shall have the right, at its option, and without liability to Buyer, to apportion its available Products among any and all parties to which it is obligated to make deliveries, including its affiliated divisions and companies, in such manner as Seller reasonably believes fair and equitable, including, but not limited to, an allocation based on historical or planned deliveries. Seller shall have no obligation to make up any shortages to Buyer resulting from any allocation hereunder.

5. Hazard Warnings; Safety Data Sheets. Seller has provided Buyer with Safety Data Sheets for the Products (the “Safety Data Sheets”). Buyer acknowledges the risks and hazards associated with handling and using the Products. Buyer represents that it has complete knowledge of the hazards of the Products and that it undertakes and assumes full responsibility to maintain, observe, and communicate adequately to its agents, employees, customers, and contractors all necessary information for the safe handling and use of the Products. Buyer agrees without limitation to promptly and properly provide to its employees, customers, and community representatives, as appropriate, any information provided by Seller relating to hazards, human health, or human or environmental safety on the Products. Buyer assumes, as to its employees, independent contractors, and subsequent purchasers of the Products, all responsibility for all such necessary warnings or other precautionary measures relating to hazards to person and property associated with the Products.

6. Exclusion of Certain Types of Damages. EXCEPT WITH RESPECT TO CLAIMS MADE BY THIRD PARTIES FOR WHICH SELLER HAS AN OBLIGATION TO INDEMNIFY BUYER, NEITHER PARTY SHALL BE LIABLE TO THE OTHER UNDER ANY CIRCUMSTANCES FOR ANY DAMAGES PERTAINING TO LOSS OF USE, LOSS OF REVENUE, LOSS OF PROFIT, OR BUSINESS INTERRUPTION, OR FOR ANY INDIRECT, INCIDENTAL, CONSEQUENTIAL, PUNITIVE, SPECIAL, OR SPECULATIVE DAMAGES, WHETHER ARISING OUT OF BREACH OF CONTRACT, TORT, OR OTHERWISE, REGARDLESS OF WHETHER SUCH DAMAGES WERE FORESEEABLE AND WHETHER OR NOT EITHER PARTY HAS 

III-1

SPECIFIC TERMS IN THIS EXHIBIT HAVE BEEN REDACTED BECAUSE CONFIDENTIAL TREATMENT OF THOSE TERMS HAS BEEN REQUESTED. THE REDACTED MATERIAL HAS BEEN SEPARATELY SUBMITTED TO THE SECURITIES AND EXCHANGE COMMISSION, AND THE TERMS HAVE BEEN MARKED AT THE APPROPRIATE PLACE WITH THREE ASTERISKS (***).

 

BEEN ADVISED OF THE POSSIBILITY OF SUCH DAMAGES, AND NOTWITHSTANDING THE FAILURE OF ANY AGREED OR OTHER REMEDY OF ITS ESSENTIAL PURPOSE.

7. Miscellaneous.

(a) Notices. Any notice between the Parties must be in writing (which shall include electronic mail (“Email”)) and will be effective, and any applicable time period shall commence, when (a) delivered to the recipient Party at the address given by the Recipient Party in a Transaction Agreement by a nationally recognized delivery service (costs prepaid) with evidence of delivery or (b) transmitted by Email to the recipient Party at the Email address given by the Recipient Party in a Transaction Agreement.

(b) Entire Agreement. The Agreement and these General Terms and Conditions, supersede all prior agreements, whether written or oral, between the Parties with respect to the relevant subject matter and constitute (along with any exhibits or other documents to be delivered pursuant thereto) a complete and exclusive statement of the terms of agreement between the Parties. The Agreement and these General Terms and Conditions may only be amended, supplemented, or modified by a writing executed by each of the Parties.

(c) Governing Law. All matters relating to or arising out of these General Terms and Conditions or any Transaction Agreement, whether sounding in contract, tort, or otherwise, will be governed by and construed and interpreted under the laws of the State of Kansas without regard to conflicts of laws principles that would require the application of any other State’s law. The United Nations Convention on Contracts for the International Sale of Goods or any subsequently enacted treaty or convention of similar nature shall not apply to these General Terms and Conditions or any Transaction Agreement.

(d) WAIVER OF JURY TRIAL. EACH PARTY, KNOWINGLY, VOLUNTARILY, AND INTENTIONALLY, WAIVES ITS RIGHT TO TRIAL BY JURY IN ANY PROCEEDING ARISING OUT OF OR RELATING TO THE AGREEMENT AND THESE GENERAL TERMS AND CONDITIONS OR ANY TRANSACTION AGREEMENT, WHETHER SOUNDING IN CONTRACT, TORT, OR OTHERWISE.

(e) No Waiver. Except as expressly provided otherwise in the Agreement and these General Terms and Conditions, neither any failure nor any delay by any Party in exercising any right, power, or privilege will operate as a waiver of such right, power, or privilege, and no single or partial exercise of any such right, power, or privilege will preclude any other or further exercise of such right, power, or privilege or the exercise of any other right, power, or privilege.

(f) No Third Party Beneficiaries. Except as may be expressly set forth in the Agreement and these General Terms and Conditions, nothing in these General Terms and Conditions or any Transaction Agreement shall entitle any person other than Seller or Buyer, or their successors or assigns, to any claim, cause of action, right, or remedy of any kind relating to the matters contemplated hereby.

(g) Survival. The terms of the Agreement and these General Terms and Conditions which expressly or by their nature are intended to survive the termination shall continue in full force and effect notwithstanding the termination of such other provisions which are not intended to survive.

(h) Severability. If any provision of the Agreement and these General Terms and Conditions is held invalid or unenforceable by any court of competent jurisdiction, the other provisions of the Agreement and these General Terms and Conditions will remain in full force and effect. Any provision of the Agreement and these General Terms and Conditions held invalid or unenforceable only in part or degree will remain in full force and effect to the extent not held invalid or unenforceable.

(i) Counterparts and Electronic Signatures. Agreements between the Parties may be executed in one or more counterparts, each of which will be deemed to be an original copy and all of which, when taken together, will be deemed to constitute one and the same agreement or document, and will be effective when counterparts have been signed by each of the Parties and delivered to the other Parties. A manual signature on the signature page to an agreement, an image of which shall have been transmitted electronically, will constitute an original signature for all purposes. The delivery of copies of the signature page an agreement or other document to be delivered pursuant to an agreement, including executed signature pages where required, by electronic transmission will constitute effective delivery for all purposes.

III-2Exhibit

EXHIBIT 10.1

FIFTH AMENDMENT TO CREDIT AGREEMENT
FIFTH AMENDMENT, dated as of May 2, 2016 (this “Amendment”), to the Credit Agreement, dated as of May 24, 2012 (as amended, amended and restated, modified or supplemented from time to time prior to the date hereof, the “Credit Agreement”), among EPE Acquisition, LLC, a Delaware limited liability company (successor-by-merger to EPE Holdings, LLC) (“Holdings”), EP Energy LLC (f/k/a Everest Acquisition LLC), a Delaware limited liability company and a wholly-owned subsidiary of Holdings (the “Borrower”), the banks, financial institutions and other lending institutions from time to time parties as lenders thereto (each a “Lender” and collectively, the “Lenders”), JPMorgan Chase Bank, N.A., as administrative agent for the Lenders (in such capacity, the “Administrative Agent”) and as collateral agent for the Lenders, the swingline lender and an issuer of Letters of Credit, and each other Issuing Bank from time to time party thereto.
W I T N E S S E T H:
WHEREAS, the Borrower has provided to the Administrative Agent and the Lenders in accordance with Section 9.14 of the Credit Agreement reserve reports, together with supplemental reserve information, with respect to the Borrower’s Oil and Gas Properties (the “Assets Reserve Report”).
WHEREAS, the Borrower has entered into a Purchase and Sale Agreement, dated as of March 18, 2016, with Covey Park Gas LLC, pursuant to which the Borrower intends to dispose of certain Oil and Gas Properties (the “Disposed Assets”).
WHEREAS, the Administrative Agent and the Lenders have determined based on the Assets Reserve Report that, subject to the conditions set forth in Article IV hereof and after giving effect to the disposition of the Disposed Assets, the Borrowing Base under the Credit Agreement shall be set at $1,650,000,000.
WHEREAS, Section 13.1 of the Credit Agreement permits the Administrative Agent and/or the Collateral Agent and certain Lenders to enter into written amendments, supplements or modifications to the Credit Agreement and the other Credit Documents with the relevant Credit Parties.
WHEREAS, the Lenders and the Credit Parties desire to amend the Credit Agreement on the terms set forth herein.
NOW, THEREFORE, in consideration of the premises and covenants contained herein and for other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, the parties hereto, intending to be legally bound hereby, agree as follows:
ARTICLE I

Section 1.1.    Defined Terms. Terms defined in the Credit Agreement and used herein shall have the meanings given to them in the Credit Agreement unless otherwise defined herein or the context otherwise requires.

-1-

ARTICLE II    
Section 2.1.    Amendments.  On the Amendment Effective Date (as defined below): 
(a)    The following defined terms will be added to Section 1.1 of the Credit Agreement in appropriate alphabetical order:
“Amendment Period” shall have the meaning provided in Section 10.11.
“Anti-Corruption Laws” means all laws, rules, and regulations of any jurisdiction applicable to the Borrower or any of its Subsidiaries or Holdings from time to time concerning or relating to bribery or corruption.
“Bail-In Action” means the exercise of any Write-Down and Conversion Powers by the applicable EEA Resolution Authority in respect of any liability of an EEA Financial Institution.
“Bail-In Legislation” means, with respect to any EEA Member Country implementing Article 55 of Directive 2014/59/EU of the European Parliament and of the Council of the European Union, the implementing law for such EEA Member Country from time to time which is described in the EU Bail-In Legislation Schedule.
“Consolidated First Lien Debt to EBITDAX Ratio” shall mean, as of any date of determination, the ratio of (a) the aggregate principal amount of Loans and Unpaid Drawings outstanding as of the last day of the most recent Test Period to (b) EBITDAX for such Test Period; provided that the Consolidated First Lien Debt to EBITDAX Ratio shall be determined for the relevant Test Period on a Pro Forma Basis.
“EEA Financial Institution” means (a) any credit institution or investment firm established in any EEA Member Country which is subject to the supervision of an EEA Resolution Authority, (b) any entity established in an EEA Member Country which is a parent of an institution described in clause (a) of this definition, or (c) any institution established in an EEA Member Country which is a subsidiary of an institution described in clauses (a) or (b) of this definition and is subject to consolidated supervision with its parent.
“EEA Member Country” means any of the member states of the European Union, Iceland, Liechtenstein, and Norway.
“EEA Resolution Authority” means any public administrative authority or any Person entrusted with public administrative authority of any EEA Member Country (including any delegee) having responsibility for the resolution of any EEA Financial Institution.
“EU Bail-In Legislation Schedule” means the EU Bail-In Legislation Schedule published by the Loan Market Association (or any successor Person), as in effect from time to time.
“Fifth Amendment” shall mean that certain Fifth Amendment to Credit Agreement, dated as of May 2, 2016, among Holdings, the Borrower, the Lenders party thereto and the Administrative Agent.

-2-

“Fifth Amendment Effective Date” shall have the meaning given to the term Amendment Effective Date in the Fifth Amendment.
“Sanctions” means all economic or financial sanctions or trade embargoes imposed, administered or enforced from time to time by (a) the U.S. government, including those administered by the Office of Foreign Assets Control of the U.S. Department of the Treasury or the U.S. Department of State, or ((b) the United Nations Security Council, the European Union, any European Union member state or, Her Majesty’s Treasury of the United Kingdom or other relevant sanctions authority.
“Sanctioned Country” means, at any time, a country, region or territory which is itself the subject or target of any Sanctions (at the time of this Fifth Amendment Effective Date, Crimea, Cuba, Iran, North Korea, Sudan and Syria).
“Sanctioned Person” means, at any time, (a) any Person listed in any Sanctions-related list of designated Persons maintained by the Office of Foreign Assets Control of the U.S. Department of the Treasury, the U.S. Department of State, or by the United Nations Security Council, the European Union or, any European Union member state, Her Majesty’s Treasury of the United Kingdom or other relevant sanctions authority, (b) any Person operating, organized or resident in a Sanctioned Country or (c) any Person owned or controlled by any such Person or Persons described in the foregoing clauses (a) or (b).
“Specified Asset Sale” shall mean (a) the termination or creation of any off-setting positions in respect of any commodity hedge positions (whether evidenced by a floor, put or Hedge Agreement) by the Borrower or any Restricted Subsidiary or (b) the disposition by the Borrower or any Restricted Subsidiary of any Oil and Gas Property or of any Equity Interests in any Restricted Subsidiary or Minority Investment owning any Oil and Gas Property.
“Specified Asset Sale Amount” shall mean, with respect to any Specified Asset Sale, an amount equal to (i) 100% of the amount of cash proceeds received by the Borrower or any Restricted Subsidiary in respect of such Specified Asset Sale on or after the Fifth Amendment Effective Date minus (ii) the amount, if any, by which the Borrowing Base is reduced pursuant to Section 2.14(f) or Section 2.14(g) after the Fifth Amendment Effective Date as a result of such Specified Asset Sale.
“Specified Capital Amount” shall mean (i) 100% of the amount of cash proceeds received by the Borrower or any Restricted Subsidiary after the Fifth Amendment Effective Date in respect of (a) the incurrence of any unsecured Indebtedness, (b) the incurrence of any Indebtedness secured by Junior Liens, (c) any sale or issuance of Equity Interests of the Borrower, Holdings or any Parent Entity (including upon exercise of warrants or options), which proceeds in the case of any sale or issuance by Holdings or any Parent Entity have been contributed as common equity to the capital of the Borrower or (d) any contributions as common equity to the capital of the Borrower, in the case of each of clause (c) and (d), solely to the extent that such cash proceeds are not applied in connection with any Cure Right, minus (ii) the amount of such cash proceeds, if any, used (or required to be used) by the Borrower pursuant to Section 5.2(b)(ii) to repay any Borrowing Base Deficiency that results from a reduction of the Borrowing Base pursuant 

-3-

to Section 2.14(e) after the Fifth Amendment Effective Date as a result of the incurrence of unsecured Indebtedness or Indebtedness secured by a Junior Lien.
“Specified Debt Payment Cap” shall mean, at any time, an amount equal to the sum of (a) $350,000,000 plus (b) the aggregate Specified Asset Sale Amount with respect to each Specified Asset Sale consummated on or prior to such time plus (c) the aggregate Specified Capital Amount with respect to each incurrence of Indebtedness, sale or issuance of Equity Interests or contributions to capital of the types described in the definition of “Specified Capital Amount” consummated on or prior to such time minus (d) the aggregate amount of Restricted Payments made pursuant to Section 10.6(j) during the Amendment Period.
“Write-Down and Conversion Powers” means, with respect to any EEA Resolution Authority, the write-down and conversion powers of such EEA Resolution Authority from time to time under the Bail-In Legislation for the applicable EEA Member Country, which write-down and conversion powers are described in the EU Bail-In Legislation Schedule.
(b)    The definition of “Applicable Margin” set forth in Section 1.1 of the Credit Agreement will hereby be amended and restated in its entirety as follows:
“Applicable Margin” shall mean, for any day, with respect to any ABR Loan or LIBOR Loan, as the case may be, the rate per annum set forth in the grid below based upon the Borrowing Base Utilization Percentage in effect on such day:
	
						
	Borrowing Base Utilization Grid

	Borrowing Base Utilization Percentage
	X ≤ 30%
	> 30% X ≤ 60%
	>60% X ≤ 80%
	> 80% X ≤ 90%
	X >90%

	LIBOR Loans
	2.50%
	2.75%
	3.00%
	3.25%
	3.50%

	ABR Loans
	1.50%
	1.75%
	2.00%
	2.25%
	2.50%

	Commitment Fee Rate
	0.375%
	0.375%
	0.50%
	0.50%
	0.50%

Each change in the Commitment Fee Rate or Applicable Margin shall apply during the period commencing on the effective date of such change and ending on the date immediately preceding the effective date of the next such change.
(c)    The definition of “Collateral Coverage Minimum” set forth in Section 1.1 of the Credit Agreement will hereby be amended by deleting the number “80%” therefrom and inserting in lieu thereof the number “90%”.
(d)    The definition of “Federal Funds Effective Rate” set forth in Section 1.1 of the Credit Agreement will hereby be amended by inserting immediately prior to the period at the end of such definition the following proviso:
; provided that if the Federal Funds Effective Rate shall be less than zero, such rate shall be deemed to be zero for the purposes of this Agreement

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(e)    The definition of “Lender Default” set forth in Section 1.1 of the Credit Agreement will hereby be amended by deleting the word “or” at the end of clause (iv) thereof, inserting a comma in place thereof, deleting the period at the end of clause (v) thereof, and inserting the following new phrase in place thereof:
or (vi) a Lender or any Person that directly or indirectly controls such Lender, as the case may be, is or becomes the subject of a Bail-In Action.
(f)    The definition of “LIBOR Rate” set forth in Section 1.1 of the Credit Agreement will hereby be amended by inserting immediately prior to the period at the end of the first sentence thereof the following proviso:
; provided that if the quoted interest rate shall be less than zero, such rate shall be deemed to be zero for the purposes of this Agreement
(g)    The definition of “OFAC” set forth in Section 1.1 of the Credit Agreement will hereby be deleted.
(h)    The definition of “Swingline Commitment” set forth in Section 1.1 of the Credit Agreement will hereby be amended by deleting the number “$50,000,000” therefrom and inserting in lieu thereof the number “$25,000,000”.
(i)    To correct a scrivener’s error in the Borrowing Base Agreement and Fourth Amendment to Credit Agreement dated as of April 6, 2015, the reference to “Amendment Effective Date” in the definition of “Term Loan Early Maturity Test Date” set forth in Section 1.1 of the Credit Agreement will hereby be amended by deleting such reference and inserting in lieu thereof “April 6, 2015”.
(j)    The Total Commitment will hereby be reduced to $1,650,000,000 (with such reduction applied to each Lender’s Commitment ratably based on the amount of such Lender’s Commitment as in effect immediately prior to the Amendment Effective Date).
(k)    Section 5.4(i) of the Credit Agreement will hereby be amended by inserting the following new sentence at the end of the existing section:
For purposes of determining withholding taxes imposed under FATCA, from and after the effective date of the Fifth Amendment, the Borrower and the Administrative Agent shall treat (and the Lenders hereby authorize the Administrative Agent to treat) the Credit Agreement as not qualifying as a “grandfathered obligation” within the meaning of Section 1.1471-2(b)(2)(i) of the of the United States Treasury Regulations.
(l)    Section 8.21(b) of the Credit Agreement will hereby be amended and restated in its entirety as follows:
(b)    The Borrower has implemented and maintains in effect policies and procedures designed to ensure compliance by the Borrower, its Subsidiaries and their respective directors, officers, employees and agents with Anti-Corruption Laws and applicable Sanctions, and the Borrower, its Subsidiaries and their respective officers and directors and to the knowledge of the Borrower its employees and agents, are in compliance with Anti-Corruption Laws and applicable Sanctions in all material respects.  None of (a) the Borrower, any Subsidiary or to the knowledge of the Borrower or such 

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Subsidiary any of their respective directors, officers or employees, or (b) to the knowledge of the Borrower, any agent of the Borrower or any Subsidiary that will act in any capacity in connection with or benefit from the credit facility established hereby, is a Sanctioned Person.  No Borrowing or Letter of Credit, use of proceeds or other transaction contemplated by this Agreement will violate any Anti-Corruption Law or applicable Sanctions.
(m)    Section 9.6 of the Credit Agreement will hereby be amended by inserting the following new sentence at the end of the existing section:
The Borrower will maintain in effect and enforce policies and procedures designed to ensure compliance by the Borrower, its Subsidiaries and their respective directors, officers, employees and agents with Anti-Corruption Laws and applicable Sanctions.
(n)    Section 10.6(i) of the Credit Agreement will be amended by inserting the phrase “at any time after the Amendment Period,” immediately prior to the phrase “so long as,” at the beginning of such section.
(o)    Section 10.6(j) of the Credit Agreement will be amended by inserting immediately prior to the semicolon at the end of such clause the following proviso:
 ; provided that, during the Amendment Period, the Borrower shall not be permitted to declare or pay any Restricted Payments pursuant to this clause (j) utilizing any portion of the Applicable Equity Amount accrued on or prior to the Fifth Amendment Effective Date; and further provided, that as of any date during the Amendment Period, the Applicable Equity Amount that has otherwise accrued on or after the Fifth Amendment Effective Date shall be reduced by an amount equal to the aggregate amount of payments made in accordance with Section 10.7(a) during the Amendment Period in excess of the sum of (x) the Specified Debt Payment Cap as of such date minus (y) any amounts included therein on such date pursuant to clauses (c) or (d) of the definition of Specified Capital Amount
(p)    Clause (C) of the first proviso to Section 10.7(a) of the Credit Agreement will be amended and restated in its entirety as follows:
(C) so long as, after giving effect thereto on a Pro Forma Basis, (1) no Event of Default has occurred and is continuing and (2) Liquidity is not less than 10% of the then effective Borrowing Base (on a Pro Forma Basis after giving effect to such prepayment, repurchase, redemption or defeasance) (provided that, during the Amendment Period, the aggregate amount of payments and distributions in respect of such prepayments, repurchases, redemptions and defeasances in respect of principal payments made pursuant to this clause (C) shall not exceed the Specified Debt Payment Cap),
(q)    Clause (iii) of Section 10.7(c) of the Credit Agreement will be amended by inserting the phrase “at any time after the Amendment Period,” immediately after “(iii)”.
(r)    Section 10.11 of the Credit Agreement will hereby be amended by inserting the following paragraph immediately following the existing paragraph in such section:

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Notwithstanding the foregoing paragraph, the Borrower shall not be required to comply with the foregoing paragraph during the period from (and including) the Fifth Amendment Effective Date until (and including) March 31, 2018 (such period, the “Amendment Period”).  During the Amendment Period, the Borrower will not permit the Consolidated First Lien Debt to EBITDAX Ratio for any Test Period ending on the last day of each fiscal quarter of the Borrower ending during the Amendment Period to be greater than 3.50 to 1.00.  From and after the fiscal quarter ending June 30, 2018, the Borrower shall be required to comply with the preceding paragraph once again.
(s)    Section 10 of the Credit Agreement will hereby be amended by inserting the following new Section 10.12 therein immediately following the existing Section 10.11:
The Borrower will not request any Borrowing or Letter of Credit, and the Borrower shall not use, and shall procure that its Subsidiaries and its or their respective directors, officers, employees and agents shall not use, the proceeds of any Borrowing or Letter of Credit (A) in furtherance of an offer, payment, promise to pay, or authorization of the payment or giving of money, or anything else of value, to any Person in violation of any Anti-Corruption Laws, (B) for the purpose of funding, financing or facilitating any activities, business or transaction of or with any Sanctioned Person, or in any Sanctioned Country, to the extent such activities, business or transaction would be prohibited by Sanctions if conducted by a corporation incorporated in the United States or in a European Union member state, or (C) in any manner that would result in the violation of any Sanctions applicable to any party hereto.
(t)    Section 13 of the Credit Agreement will hereby be amended by inserting the following new Section 13.24 therein immediately following the existing Section 13.23:
13.24.  Acknowledgement and Consent to Bail-In of EEA Financial Institutions.  Notwithstanding anything to the contrary in any Credit Document or in any other agreement, arrangement or understanding among any such parties, each party hereto acknowledges that any liability of any EEA Financial Institution arising under any Credit Document, to the extent such liability is unsecured, may be subject to the write-down and conversion powers of an EEA Resolution Authority and agrees and consents to, and acknowledges and agrees to be bound by:
(a)  the application of any Write-Down and Conversion Powers by an EEA Resolution Authority to any such liabilities arising hereunder which may be payable to it by any party hereto that is an EEA Financial Institution; and
(b)  the effects of any Bail-In Action on any such liability, including, if applicable:
(i)  a reduction in full or in part or cancellation of any such liability;

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(ii)  a conversion of all, or a portion of, such liability into shares or other instruments of ownership in such EEA Financial Institution, its parent entity, or a bridge institution that may be issued to it or otherwise conferred on it, and that such shares or other instruments of ownership will be accepted by it in lieu of any rights with respect to any such liability under this Agreement or any other Credit Document; or
(iii)  the variation of the terms of such liability in connection with the exercise of the write-down and conversion powers of any EEA Resolution Authority.
ARTICLE III    
Section 3.1.    Lender Approval of Redetermined Borrowing Base.  Each Lender party to this Amendment acknowledges and agrees that its delivery of a counterpart signature page to this Amendment shall constitute an affirmative approval by such Lender of the redetermination of the Borrowing Base pursuant to this Article III.
Section 3.2.    Redetermination of Borrowing Base.  On the Amendment Effective Date (and after giving effect to the delivery to the Administrative Agent of the written approval on or prior to the Amendment Effective Date by one or more Lenders that are not a party hereto, which comprise, together with the Lenders party hereto, not less than the Required Lenders), and until further adjusted, if at all, pursuant to the next redetermination of the Borrowing Base in accordance with the provisions of Section 2.14 of the Credit Agreement or otherwise, the amount of the Borrowing Base under the Credit Agreement shall be $1,650,000,000.
Section 3.3.    Stipulations Regarding Redeterminations.  The Borrower, on the one hand, and the Administrative Agent and the Lenders, on the other hand, agree that the redetermination and adjustment of the Borrowing Base pursuant to this Article III shall constitute both the regularly scheduled semi-annual April 2016 redetermination of the Borrowing Base pursuant to Section 2.14 of the Credit Agreement and the adjustment of the Borrowing Base in connection with the disposition of the Disposed Assets pursuant to Section 2.14(g) of the Credit Agreement (notwithstanding that such disposition has not been consummated as of the Amendment Effective Date).
ARTICLE IV    
Section 4.1.    Conditions to Effectiveness.  This Amendment shall become effective on the date (the “Amendment Effective Date”) on which:
(a)    The Administrative Agent shall have received this Amendment, executed and delivered by a duly authorized officer of each of the Borrower, Holdings and Lenders constituting at least the Majority Lenders; and
(b)    Each of the Borrower and Holdings shall have confirmed and acknowledged to the Administrative Agent, each Issuing Bank and the Lenders, and by its execution and delivery of this Amendment each of the Borrower and Holdings does hereby confirm and acknowledge to the Administrative Agent, each Issuing Bank and the Lenders, that (i) such Credit Party shall have taken all necessary corporate or other organizational action to authorize the execution, delivery 

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and performance of this Amendment, (ii) the Credit Agreement and each other Credit Document to which it or any of its applicable Subsidiaries that are Credit Parties is a party constitutes the legal, valid and binding obligation of such Credit Party enforceable in accordance with its terms, subject to the effects of bankruptcy, insolvency, fraudulent conveyance, reorganization and other similar laws relating to or affecting creditors’ rights generally and general principles of equity (whether considered in a proceeding in equity or law) and (iii) no Default or Event of Default exists under the Credit Agreement or any of the other Credit Documents.
The Administrative Agent shall notify the Borrower and the Lenders of the Amendment Effective Date, and such notice shall be conclusive and binding.
Section 4.2.    Ratification.  Each of the Borrower and Holdings (for itself and its applicable Subsidiaries that are Credit Parties) hereby (a) ratifies and confirms all of the Obligations under the Credit Agreement (as amended hereby) and the other Credit Documents related thereto, and, in particular, affirms that, after giving effect to this Amendment, the terms of the Security Documents secure, and will continue to secure, all Obligations thereunder, and (b) represents and warrants to the Lenders that as of the effectiveness of this Amendment (i) all of the representations and warranties contained in the Credit Document to which it is a party are true and correct in all material respects with the same effect as though such representations and warranties had been made on and as of such date (except where such representations and warranties expressly relate to an earlier date, in which case, such representations and warranties shall have been true and correct in all material respects  as of such earlier date) and (ii) no Default or Event of Default has occurred and is continuing.
Section 4.3.    Continuing Effect; No Other Amendments or Waivers. This Amendment shall not constitute an amendment or waiver of or consent to any provision of the Credit Agreement and the other Credit Documents except as expressly stated herein and shall not be construed as an amendment, waiver or consent to any action on the part of the Borrower that would require an amendment, waiver or consent of the Administrative Agent or the Lenders except as expressly stated herein.  Except as expressly waived hereby, the provisions of the Credit Agreement and the other Credit Documents are and shall remain in full force and effect in accordance with their terms.
ARTICLE V    
Section 5.1.    Upon the effectiveness of this Amendment pursuant to Section 4.1, the Borrower shall pay to the Administrative Agent for the account of each Lender that has delivered an executed counterpart signature page to this Amendment to the Administrative Agent or its counsel on or before 10:00 a.m. central time on May 2, 2016, a fee equal to fifteen (15) basis points on each consenting Lender’s Commitment (as reduced pursuant to Section 2.1(j)).
ARTICLE VI    
Section 6.1.    Counterparts. This Amendment may be executed in any number of separate counterparts by the parties hereto (including by telecopy or via electronic mail), each of which counterparts when so executed shall be an original, but all the counterparts shall together constitute one and the same instrument.
Section 6.2.    GOVERNING LAW. THIS AMENDMENT AND THE RIGHTS AND OBLIGATIONS OF THE PARTIES UNDER THIS AMENDMENT A SHALL BE GOVERNED BY, AND CONSTRUED AND INTERPRETED IN ACCORDANCE WITH, THE LAWS OF THE STATE OF NEW YORK.

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Section 6.3.    FINAL AGREEMENT.  THE CREDIT AGREEMENT AND THE OTHER CREDIT DOCUMENTS, WHICH SHALL INCLUDE THIS AMENDMENT, REPRESENT THE FINAL AGREEMENT BETWEEN THE PARTIES AND MAY NOT BE CONTRADICTED BY EVIDENCE OF PRIOR, CONTEMPORANEOUS OR SUBSEQUENT ORAL AGREEMENTS OF THE PARTIES.  THERE ARE NO ORAL AGREEMENTS BETWEEN THE PARTIES.

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IN WITNESS WHEREOF, the parties hereto have caused this Amendment to be executed and delivered by their respective duly authorized officers as of the date first above written.
EPE ACQUISITION LLC (SUCCESSOR TO EPE HOLDINGS LLC)
By:      /s/Kyle A. McCuen                       
    Name: Kyle A. McCuen 
    Title:  Vice President and Treasurer
EP ENERGY LLC (F/K/A EVEREST ACQUISITION LLC)
By:      /s/Kyle A. McCuen                      
    Name: Kyle A. McCuen 
    Title:  Vice President and Treasurer

Signature Page – Fifth Amendment

JPMORGAN CHASE BANK, N.A., as Administrative Agent and as a Lender
By:    /s/ Jo Linda Papadakis     
    Name: Jo Linda Papadakis 
    Title: Authorized Signatory

Signature Page – Fifth Amendment

CITIBANK, N.A., as a Lender
By:    /s/ Phillip Ballard     
    Name: Phillip Ballard 
    Title: Vice President

Signature Page – Fifth Amendment

BMO HARRIS FINANCING, INC, as a Lender
By:    /s/ Kevin Utsey     
    Name: Kevin Utsey 
    Title: Director

Signature Page – Fifth Amendment

CREDIT SUISSE AG, CAYMAN ISLANDS BRANCH, as a Lender
By:    /s/Mikhail Faybusovich     
    Name: Mikhail Faybusovich 
    Title: Authorized Signatory
By:    /s/ Warren Van Heyst     
    Name: Warren Van Heyst 
    Title: Authorized Signatory

Signature Page – Fifth Amendment

DEUTSCHE BANK AG NEW YORK BRANCH, as a Lender
By:    /s/Michael Shannon     
    Name: Michael Shannon 
    Title: Vice President
By:    /s/Peter Cucchiara     
    Name: Peter Cucchiara 
    Title: Vice President

Signature Page – Fifth Amendment

ROYAL BANK OF CANADA, as a Lender
By:    /s/Matthias Wong     
    Name: Matthias Wong 
    Title: Authorized Signatory

Signature Page – Fifth Amendment

UBS AG, STAMFORD BRANCH, as a Lender
By:    /s/Darlene Arias     
    Name: Darlene Arias 
    Title: Director
By:    /s/Craig Pearson     
    Name: Craig Pearson 
    Title: Associate Director

Signature Page – Fifth Amendment

COMPASS BANK, as a Lender
By:    /s/Kathleen J. Bowen     
    Name: Kathleen J. Bowen 
    Title: Managing Director

Signature Page – Fifth Amendment

SOCIETE GENERALE, as a Lender
By:    /s/Max Sonnonstine     
    Name: Max Sonnonstine 
    Title: Director

Signature Page – Fifth Amendment

TORONTO DOMINION (NEW YORK) LLC, 
as a Lender
By:    /s/Annie Dorval     
    Name: Annie Dorval 
    Title: Authorized Signatory

Signature Page – Fifth Amendment

SUMITOMO MITSUI BANKING CORPORATION, as a Lender
By:    /s/James D. Weinstein     
    Name: James D. Weinstein 
    Title: Managing Director

Signature Page – Fifth Amendment

DNB CAPITAL LLC, as a Lender
By:    /s/James Grubb     
    Name: James Grubb 
    Title: Vice President
By:    /s/Asuiv Tvelt     
    Name: Asuiv Tvelt 
    Title: First Vice President

Signature Page – Fifth Amendment

BANK OF AMERICA, N.A., as a Lender
By:    /s/Kenneth Phelan     
    Name: Kenneth Phelan 
    Title: Director

Signature Page – Fifth Amendment

CITIZENS BANK N.A., as a Lender
By:    /s/David W. Stack     
    Name: David W. Stack 
    Title: Senior Vice President

Signature Page – Fifth Amendment

MIZUHO BANK, LTD., as a Lender
By:    /s/James R. Fayen     
    Name: James R. Fayen 
    Title: Managing Director

Signature Page – Fifth Amendment

GOLDMAN SACHS BANK USA, as a Lender
By:    /s/Jerry Li     
    Name: Jerry Li 
    Title: Authorized Signatory

Signature Page – Fifth Amendment

Morgan Stanley Bank, N.A., as Lender
By:    /s/Kevin Newman     
    Name: Kevin Newman 
    Title: Authorized Signatory

Signature Page – Fifth Amendment

SCOTIABANC INC., as a Lender
By:    /s/J.F. Todd     
    Name: J. F. Todd 
    Title: Managing Director

Signature Page – Fifth Amendment

THE BANK OF NOVA SCOTIA, as a Lender
By:    /s/Alan Dawson     
    Name: Alan Dawson 
    Title: Director

Signature Page – Fifth Amendment

NOMURA CORPORATE FUNDING AMERICAS, LLC, as a Lender
By:    /s/Sean P. Kelly     
    Name: Sean Kelly 
    Title: Managing Director

Signature Page – Fifth Amendment

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